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Reso 1996-166 to 170
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Reso 1996-166 to 170
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
12/31/1996
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1' • •� <br />Except as to events constituting a basis for termination under Section 7.02, the <br />following events each constitute a basis for the Agency to exercise its rights pursuant <br />to Section 8.01 of this Part, as applicable: <br />(a) The Developer does not meet its pre -disposition conditions <br />within the relevant times set forth in Article One above; <br />(b) The Developer refuses to accept conveyance from the Agency of <br />the Property within the time periods, and under such terms as herein called for; <br />(c) The Developer does not attempt in good faith to procure in a <br />timely manner a building permit or other approvals for the Improvements or <br />abandons any further attempts when there is a reasonable likelihood that such permit <br />or other approvals would otherwise be issued by the proper authority in a timely <br />manner and in substance satisfactory to Developer in accordance with Section 4.08 <br />above; <br />(d) The Developer constructs or attempts to construct the <br />Improvements in material deviation from the latest approved Construction Plans; <br />(e) The Developer fails to submit any plans or evidence required by <br />Article One of this Part by the date specified in the relevant section; <br />(f) Absent an Enforced Delay as defined in Section 5.04 of Part Two, <br />the Developer fails to commence construction of the Improvements or to complete <br />same within the time limits set forth in this Agreement; <br />(g) Absent an Enforced Delay as defined in Section 5.04 of Part Two, <br />the Developer abandons or suspends construction of the Improvements for a period <br />of sixty (60) days after written notice by the Agency of such abandonment or <br />suspension; <br />(h) Prior to Developer's satisfaction of the conditions for issuance of <br />a Certificate of Completion, the Developer voluntarily or involuntarily undertakes a <br />Transfer not permitted by this Agreement; <br />Disposition and Development Page 23 of 39 <br />Agreement (Automall) <br />10/2/96 <br />
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