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4.7 SR 01-02-2018
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4.7 SR 01-02-2018
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1/2/2018 9:23:10 AM
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SR
date
1/2/2018
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ARTICLE IV <br /> CONSTRUCTION OF MINIMUM IMPROVEMENTS AND PUBLIC IMPROVEMENTS <br /> Section 4.1. Construction of Minimum Improvements. Subject to all other terms and <br /> conditions of this Agreement, the Developer agrees that it will construct, or cause to be <br /> constructed, the Developer's Minimum Improvements in accordance with the terms of this <br /> Agreement and the approved Construction Plans. At all times prior to the Termination Date the <br /> Developer will operate and maintain, preserve and keep the Developer's Minimum <br /> Improvements or cause the Minimum Improvements to be operated, maintained, preserved and <br /> kept with the appurtenances and every part and parcel thereof, in good repair and condition. <br /> Section 4.2. Construction Plans. <br /> (a) Before commencement of construction of the Developer's Minimum <br /> Improvements and subject to the necessary completion of the City Site Work, Developer shall <br /> submit to the City Construction Plans. The City will approve such Construction Plans in writing <br /> if. (i) such Construction Plans conform to the terms and conditions of this Agreement; (ii) such <br /> Construction Plans conform to the goals and objectives of the Development Program; (iii) such <br /> Construction Plans conform to all applicable federal, state and local laws, ordinances, rules and <br /> regulations; (iv) such Construction Plans are adequate to provide for construction of the <br /> Minimum Improvements; (v) the Construction Plans do not provide for expenditures in excess of <br /> the funds available to Developer for construction of the Minimum Improvements; and (vi) no <br /> Event of Default by either of the Parties has occurred. No approval by the City shall relieve <br /> Developer of the obligation to comply with the terms of this Agreement or of the Development <br /> Program, applicable federal, state and local laws, ordinances, rules and regulations, or to <br /> construct the Developer's Minimum Improvements in accordance therewith. No approval by <br /> the City shall constitute a waiver of an Event of Default, except as may be agreed to in writing <br /> signed by the Parties. If approval of the Construction Plans is requested by Developer in writing <br /> at the time of submission by the Developer, such Construction Plans shall be deemed approved <br /> unless rejected in writing by the City, in whole or in part within 30 days of such submission. <br /> Such rejections shall set forth in detail the reasons therefore, and shall be made within 30 days <br /> after the date of their receipt by the City. If the City rejects any Construction Plans in whole or <br /> in part, Developer shall submit new or corrected Construction Plans within 30 days after written <br /> notification to Developer of the rejection. The provisions of this Section relating to approval, <br /> rejection and resubmission of corrected Construction Plans shall continue to apply until the <br /> Construction Plans have been approved by the City. The City's approval shall not be <br /> unreasonably withheld. Said approval shall constitute a conclusive determination that the <br /> Construction Plans (and the Developer's Minimum Improvements and the City's Minimum <br /> Improvements, constructed in accordance with said plans) comply to the City's satisfaction with <br /> the provisions of this Agreement relating thereto. <br /> The Developer hereby waives any and all claims and causes of action whatsoever <br /> resulting from the review of the Construction Plans by the City and/or any changes in the <br /> Construction Plans requested by the City. Neither the City nor any employee or official of the <br /> City shall be responsible in any manner whatsoever for any defect in the Construction Plans or in <br /> any work done pursuant to the Construction Plans, including changes requested by the City. <br /> 17 <br /> 512017v5 JSB BL185-52 <br />
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