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5.0. EDSR 06-09-1997
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5.0. EDSR 06-09-1997
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City Government
type
EDSR
date
6/9/1997
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E. Refer all third party inquiries regarding use, <br /> • availability, and development potential of the <br /> Redevelopment Property to the Redeveloper. <br /> F. Recommend changes to City ordinances to facilitate <br /> development consistent with the Master Plan. <br /> G. Cooperate with the Redeveloper in reasonable and <br /> appropriate ways . <br /> H. Conduct a comprehensive review of Redeveloper' s <br /> performance under this Agreement on at least September <br /> 1, 1996 and March 1, 1997 . <br /> Section 4 . 1 . Contract for Private Redevelopment . Provided <br /> that this Agreement is not in default and any time after <br /> Authority approval of the Redeveloper' s Master Plan, at either <br /> Party' s request, the Parties shall negotiate in good faith and <br /> execute the Redevelopment Contract within forty-five (45) days <br /> after the request . The Redevelopment Contract shall address the <br /> issues involving the development of the Redevelopment Property <br /> including the following: <br /> A. The Purchase Price <br /> B. Timing of the Minimum Improvements <br /> • C. Composition of the Minimum Improvements <br /> D. Timing of any site improvements or public improvements <br /> E. Redeveloper guarantees <br /> F. Duration <br /> G. Application of Purchase Price Payments to structured <br /> parking <br /> Section 5 . 1 . Termination. This Agreement shall terminate <br /> as follows : <br /> A. If by August 1, 1996 the Redeveloper has not completed <br /> the program elements as outlined in the Marketing Plan <br /> or this Agreement . <br /> B. If the Redeveloper, has not commenced construction of <br /> an office building in the Office Tract by August 1, <br /> 1997 , said time to be extended by Unavoidable Delays . <br /> The August 1, 1997 date shall be extended to November <br /> 1, 1997 if the Redeveloper has provided a letter of <br /> intent, lease or commitment to lease for an office <br /> building. <br /> 6 <br />
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