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5.0. EDSR 03-09-1998
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5.0. EDSR 03-09-1998
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City Government
type
EDSR
date
3/9/1998
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Authority and any changes not requiring the Authority's approval, as submitted by the <br /> Redeveloper and approved by the Authority. <br /> The Redeveloper agrees for itself, its successors and assigns, and every successor in <br /> interest to the Development Property, or any part thereof,that the Redeveloper, and its successors <br /> and assigns, shall promptly begin and diligently prosecute to completion the development of the <br /> Development Property through the construction of the Minimum Improvements thereon, and that <br /> such construction shall in any event be commenced and completed within the period specified in <br /> this Section 4.3 of this Agreement and subject to Unavoidable Delays and/or mutual agreement <br /> of the parties hereto. Until construction of the Minimum Improvements has been completed, the <br /> Redeveloper shall make construction progress reports, at such times as may reasonably be <br /> requested by the Authority, but not more than once a month, as to the actual progress of the <br /> Redeveloper with respect to such construction. Upon substantial completion of the Minimum <br /> Improvements and upon request by the Redeveloper, the Authority shall provide to the <br /> Redeveloper a certificate in recordable form stating that the obligations of the Redeveloper with <br /> respect to the construction of the Minimum Improvements under this Agreement have been <br /> satisfied. The Minimum Improvements shall be deemed to be completed when a certificate of <br /> occupancy has been issued by the City for the Minimum Improvements and the Redeveloper has <br /> provided security or other assurances reasonably satisfactory to the Authority assuring that any <br /> remaining items, including without limitation, landscaping,will be completed. <br /> • <br /> 11 <br />
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