Laserfiche WebLink
The conditions provided for in this Article Two shall be deemed satisfied by <br />the date by which the particular condition is required to be satisfied, if the Developer <br />does not provide notice to the Agency by the date provided herein that Developer has <br />disapproved of such matter. <br />2.02 AgenQv Acquisition of the Property. <br />Promptly following the date of execution hereof by Developer, the Agency <br />shall commence acquisition activities with respect to any portion of the Property that <br />the Agency has not acquired or contracted to acquire. The Agency shall pay all costs <br />related to the Agency's acquisition of the Property. Thereafter, the Agency shall meet <br />its obligations pursuant to Government Code Sections 7267, 7267.1 and 7267.2, <br />with respect to voluntary acquisition of those portions of the Property. If the Agency <br />is unable to acquire fee title to any portion of the Property by voluntary acquisition, <br />the Agency shall promptly schedule a hearing on a resolution of necessity authorizing <br />acquisition by exercise of the power of eminent domain. If the Agency adopts a <br />resolution of necessity for those portions of the Property it has been unable to <br />acquire by voluntary acquisition, it shall proceed promptly to acquire by eminent <br />domain. Developer acknowledges that the Agency has discretion in determining <br />whether or not it should adopt a resolution of necessity and, therefore, agrees that <br />nothing in this Agreement obligates the Agency to adopt a resolution of necessity <br />with respect to any portion of the Property. <br />If the Agency acquires the parcels which constitute the Property, or if the <br />Agency is unable to acquire the Property by voluntary acquisition and adopts a <br />resolution of necessity, obtains orders of possession, obtains rights of ways for the <br />Property, and obtains title insurance under an order of possession, such events <br />constitute satisfaction of the contingency of this Section 2.02. Agency's failure to <br />acquire the Property, or obtain orders of possession, by December 1, 1996, <br />constitutes a failure to satisfy the condition of this Section 2.02. However, <br />Developer may extend the deadline in Developer's discretion. <br />2.03 Soils and Hazardous Waste Investigation and Remediation. <br />Agency shall complete all required soils and hazardous waste investigation, and <br />mitigation, including, if necessary, removal of underground storage tanks, to obtain a <br />letter of case closure from the Regional Water Quality Control Board. <br />Disposition and Development Page 6 of 39 <br />Agreement (Automall) <br />10/2/96 <br />