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Reso 2022-086 2nd amendment to DDA
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Reso 2022-086 2nd amendment to DDA
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Last modified
12/21/2023 11:23:04 AM
Creation date
6/23/2022 3:14:36 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
6/21/2022
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PERM
Document Relationships
11B Public Hearings
(Approved)
Path:
\City Clerk\City Council\Agenda Packets\2022\Packet 06212022
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b. Multifamily Ground Lease: <br />§ 1.4.4.1 a [Approval of Multifamily Ground Lease Subtenant] <br />§ 1.4.4.1 b [Evidence of Multifamily Element Funding] <br />§ 1.4.4.1 c [General Contractor] <br />§ 1.4.4.1 d [Construction Contract] <br />§ 1.4.4.1 h [Bonds and Security] <br />§ 1.4.4.1 i [Permits for Horizontal Improvements] <br />§ 1.4.4.1 j [Construction to Commence] <br />C. Developer Restaurant Ground Lease: <br />§ 1.4.5.1 a [Approval of Developer Restaurant Ground Lease Subtenant] <br />§ 1.4.5.1 b [City Approval of Developer Restaurant] <br />§ 1.4.5.1 c [Evidence of Developer Restaurant Element Funding] <br />§ 1.4.5.1 d [General Contractor] <br />§ 1.4.5.1 e [Construction Contract] <br />§ 1.4.5.1 i [Bonds and Security] <br />§ 1.4.5.1 j [Permits for Horizontal Improvements] <br />§ 1.4.5.11 [Construction to Commence] <br />d. Market Ground Lease: <br />§ 1.4.6.1 a [Approval of Market Ground Lease Subtenant] <br />§ 1.4.6.1 b [Evidence of Market Element Funding] <br />§ 1.4.6.1 d [General Contractor] <br />§ 1.4.6.1 e [Construction Contract] <br />§ 1.4.6.1 i [Bonds and Security] <br />§ 1.4.6.1 j [Permits for Horizontal Improvements] <br />§ 1.4.6.11 [Construction to Commence] <br />The foregoing City's Conditions Precedent to Closing described above are referred to <br />herein as the "Post -Commencement Ground Lease Requirements." The Post -Commencement <br />Ground Lease Requirements shall be performed by Developer within the times set forth in the <br />Schedule of Performance, as revised by this Second Amendment. The term "Post - <br />Commencement Ground Lease Requirements" shall be added as a defined term in Section 1.1 of <br />
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