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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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• <br /> C. If the Parties have not executed a Redevelopment <br /> Contract by August 1, 1997 . <br /> Section 5 . 2 . Effect . The Parties agree that upon <br /> termination of this Agreement they shall have no further <br /> obligation to each other except as provided for in this Agreement <br /> and the Parties further agree to execute any document reasonably <br /> necessary to give effect to a termination. <br /> Section 6 . 1 . Additional Provisions : <br /> A. The Redeveloper shall not assign this Agreement . <br /> E. The Redeveloper shall hold the Authority and the City, <br /> their agents, officers and employees harmless from any <br /> of the Redeveloper' s acts or the acts of those <br /> operating under its direction with regard to marketing, <br /> development, construction, sale and all other <br /> activities contemplated by this Agreement . <br /> C. The Parties are not partners in the development of the <br /> Minimum Improvements or in any activities contemplated <br /> by the Agreement . <br /> S D. If requested by the Authority, the Redeveloper shall <br /> provide evidence of a general liability insurance <br /> policy in an amount of one million ($1, 000, 000) per <br /> person and two million ($2 , 000, 000) per occurrence <br /> naming the City and the Authority as insured parties <br /> and which requires a 30-day written notice of <br /> cancellation to the City and the Authority. <br /> IN WITNESS WHEREOF, the Authority has caused this Agreement <br /> to be duly executed in its name and behalf and the Redeveloper <br /> has caused this Agreement to be duly executed on or as of the <br /> date first above written. <br /> • 7 <br />
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