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Inst 2011 Agmt Wm Mathews Inc
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Inst 2011 Agmt Wm Mathews Inc
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12/13/2011 9:18:06 AM
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12/13/2011 9:17:43 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Recorded Document Type
Development Agreement
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PERM
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ARTICLE 4. <br /> AMENDMENTS <br /> 4.1. Amendments to Development Agreement Legislation. <br /> This Development Agreement has been entered into in reliance upon the provisions of the <br /> Development Agreement Legislation as those provisions existed at the Agreement Date. No <br /> amendment or addition to those provisions or any other federal or state law and regulation that <br /> would materially adversely affect the interpretation or enforceability of this Development <br /> Agreement or would prevent or preclude compliance with one or more provisions of this <br /> Development Agreement shall be applicable to this Development Agreement unless such <br /> amendment or addition is specifically required by the change in law, or is mandated by a court of <br /> competent jurisdiction. In the event of the application of such a change in law, the Parties shall <br /> meet in good faith to determine the feasibility of any modification or suspension that may be <br /> necessary to comply with such new law or regulation and to determine the effect such <br /> modification or suspension would have on the purposes and intent of this Development <br /> Agreement and the Vested Elements. Following the meeting between the Parties, the provisions <br /> of this Development Agreement may, to the extent feasible, and upon mutual agreement of the <br /> Parties, be modified or suspended but only to the minimum extent necessary to comply with such <br /> new law or regulation. If such amendment or change is permissive (as opposed to mandatory), <br /> this Development Agreement shall not be affected by same unless the Parties mutually agree in <br /> writing to amend this Development Agreement to permit such applicability. Developer and /or <br /> City shall have the right to challenge any new law or regulation preventing compliance with the <br /> terms of this Agreement, and in the event such challenge is successful, this Agreement shall <br /> remain unmodified and in full force and effect. The Term of this Agreement may be extended <br /> for the duration of the period during which such new law or regulation precludes compliance <br /> with the provisions of this Agreement. <br /> 4.2. Amendments to or Cancellation of Development Agreement. <br /> This Development Agreement may be amended from time to time or canceled in whole <br /> or in part by mutual consent of both Parties in writing in accordance with the provisions of the <br /> Development Agreement Legislation. Review and approval of an amendment to this <br /> Development Agreement shall be strictly limited to consideration of only those provisions to be <br /> added or modified. No amendment, modification, waiver or change to this Development <br /> Agreement or any provision hereof shall be effective for any purpose unless specifically set forth <br /> in a writing that expressly refers to this Development Agreement and signed by the duly <br /> authorized representatives of both Parties. All amendments to this Development Agreement <br /> shall automatically become part of the Project Approvals. <br /> 4.3. Operating Memoranda. <br /> The provisions of this Development Agreement require a close degree of cooperation <br /> between City and Developer and development of the Property hereunder may demonstrate that <br /> refinements and clarifications are appropriate with respect to the details of performance of City <br /> and Developer. If and when, from time to time, during the term of this Development Agreement, <br /> City and Developer agree that such clarifications are necessary or appropriate, City and <br /> 13 <br />
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