Reso 1997-101 to 105 - Laserfiche WebLink

Home

respond, and fifteen (15) working days prepare an action plan to cure such breach, failure, or act. The Agency shall cure such breach, failure, or act within thirty (30) working days from the date of the action plan. If the nature of the breach or failure is such that it cannot reasonably be cured in thirty (30) days, then the Developer shall give the Agency such longer period as reasonably may be required for such cure or action provided that the Agency commences action to cure the breach within fifteen (15) working days from the date of the action plan and thereafter diligently pursues the cure to completion. In the event the Agency does not submit an action plan within three (3) days, does not then so cure within thirty (30) days of the action plan, or in the event that the Agency does not commence curing a default which is not curable within said thirty (30) days after the date of the action plan, the Developer thereafter shall be afforded the right to terminate this Agreement and any other rights afforded it by law or in equity. 6.04 Fault of Developer. Except as to events constituting a basis for termination under Section 6.02, the following events each constitute a basis for the Agency to exercise its rights pursuant to Section 7.01 of this Agreement, as applicable: (a) The Developer does not meet its pre -disposition conditions within the relevant times set forth in Article One above; (b) The Developer refuses to accept conveyance from the Agency of the Property within the time periods, and under such terms as herein called for; (c) The Developer does not attempt in good faith to procure in a timely manner a building permit or other approvals for the Improvements or abandons any further attempts when there is a reasonable likelihood that such permit or other approvals would otherwise be issued by the proper authority in a timely manner and in substance satisfactory to Developer in accordance with Section 4.08 above; (d) The Developer constructs or attempts to construct the Improvements in material deviation from the latest approved Construction Plans; (e) The Developer fails to submit any plans or evidence required by Article One of this Agreement by the date specified in the relevant section; Disposition and Development Page 28 Agreement (Creekside Center) 7/23/97, 8/5/97, 8/11/97, 8/12/97