5.0. EDSR 03-09-1998 - Laserfiche WebLink

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• ARTICLE IV Construction of Minimum Improvements Section 4.1. Construction and Operation of Minimum Improvements. (a) The Redeveloper agrees that it will construct the Minimum Improvements on the Development Property in accordance with the approved Construction Plans, together with any changes approved by the Authority and any changes not requiring the Authority's approval, and at all times prior to the Maturity Date will operate and maintain, preserve and keep the Minimum Improvements or cause the Minimum Improvements to be maintained, preserved and kept with the appurtenances and every part and parcel thereof, in good repair and condition. (b) At the time of execution of this Agreement, the Redeveloper and the Authority entered into the Job Performance Agreement as required pursuant to Minnesota Statutes, section 116J.991,the terms of which are incorporated herein and made a part hereof by reference. Section 4.2. Construction Plans. (a) The Redeveloper has obtained approval relative to the development of the Minimum Improvements. Within ninety (90) days from the date hereof, the Redeveloper shall submit to the Authority Construction Plans for the Minimum Improvements. The Construction Plans shall provide for the construction of the Minimum Improvements and shall be in conformity with the Redevelopment Plan, this Agreement, and all applicable state and local laws and regulations. • (b) If the Redeveloper desires to make any material change in any Construction Plans after their approval, the Redeveloper shall submit the proposed change for its approval. If the Construction Plans, as modified by the proposed change, conform to the requirements of this Section 4.2 of this Agreement with respect to such previously approved Construction Plans, the City and Authority shall approve the proposed change and notify the Redeveloper in writing of its approval. Any requested change in the Construction Plans shall, in any event, be deemed approved unless rejected, in whole or in part, by written notice by the Authority to the Redeveloper, setting forth in detail the reasons therefor. Such rejection shall be made within ten (10) days after receipt of the notice of such change. (c) Nothing in this Agreement shall be deemed to modify the City's normal construction permitting process as it applies to the Redeveloper's plans for development and the Redeveloper shall in all respects be required to comply with such process. Section 4.3. Commencement and Completion of Construction. Subject to Unavoidable Delays, the Redeveloper shall commence construction of the Minimum Improvements within sixty (60) days after approval of a building permit by the City. Subject to Unavoidable Delays, the Redeveloper shall complete the construction of the Minimum Improvements within five (5) months after commencement of construction. All work with respect to the Minimum Improvements to be constructed or provided by the Redeveloper on the Redevelopment Property shall be in conformity with the Construction Plans, together with any changes approved by the • io