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01-91 Development Agreement Lkwd City Center
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01-91 Development Agreement Lkwd City Center
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Last modified
5/14/2013 3:06:27 PM
Creation date
9/5/2003 9:33:05 AM
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Template:
Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
2/19/1991
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of the non-public purpose portion of the Redevelopment <br /> Properties is expressly conditional upon and subject to full <br /> Site Plan approval and the issuance of building permits f~r all <br /> building shells contemplated by the Project Plans. In such <br /> connection, Redeveloper will promptly submit all plans, <br /> drawings, information and the like necessary to Obtain such <br /> <br /> .approvals and permits and respond, to all reasonable inquiries <br /> and requests from the City with respect thereto. If such <br /> approvals and permits have not been obtained or issued by the <br /> Outside Closing Date, ..Redeveloper may terminate this Agreement <br /> or extend in writing the time within which such requirements <br /> are to be accomplished, in which event the Outside Closing Date <br /> shall be appropriately extended. <br /> <br /> Section 5. Times' for P~rformanc~. <br /> <br /> (a)' ~ime for Land Acquisition. <br /> <br /> The City will proceed promptly to'acquire the <br />Redevelopment Properties by negotiation, or eminent domain <br />proceedings if necessary, and will have acquired legal title <br />and/or completed eminent domain proceedings, in accordance with <br />the time schedule Set forth in Exhibit D annexed hereto and <br />made a part hereof (the "Project Development Schedule"). <br />Promptly following such acquisition, the City shall commence <br />and complete all demOlition, clearing, grading and utility <br />relocation work (collectively, the '"Site Work") required of the <br />City hereunder so as to enable it to convey the non-public <br />purpose portions of the Redevelopment Properties to Redeveloper <br />on or before the Outside Closing Date. In any event, if, with <br /> <br />- 17 - <br /> <br /> <br />
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