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MIN 02-03-20
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MIN 02-03-20
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Office Of Council
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Minutes
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2/3/2020
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default or breach by Developer or its Affiliates or for any amount which may become due to the <br /> City or on any obligation under the terms of this Agreement. Developer's and its Affiliates' <br /> liability under this Agreement shall be limited to the interest of Developer and its Affiliates in <br /> the Development Site and the interests of direct and indirect transferees thereof, rights arising <br /> under this Agreement and design and other work product associated with the Project. <br /> Section 13.12 Recording. Prior to Closing, the Agreement shall be recorded in the land <br /> records of Cuyahoga County, Ohio. <br /> Section 13.13 Agreement Runs with the Land. All of the provisions, rights, terms <br /> covenants, and obligations contained in this Agreement shall run with the land and be binding <br /> upon the parties and their respective heirs, successors and assignees. <br /> Section 13.14 Provisions Not Merged With Deed. None of the provisions of the <br /> Agreement are intended to or shall be merged by reason of any deed transferring title from the <br /> City to the Developer or any successor in interest, and any such deed shall not be deemed to <br /> affect or impair the provisions and covenants of this Agreement. <br /> Section 13.15 City Approvals. Any provision of the Agreement requiring the approval <br /> of the City, satisfaction or evidence of satisfaction of the City, or certification or opinion of the <br /> City, shall be interpreted as requiring action by the Mayor-of the City or his/her designee <br /> granting, authorizing or expressing such approval, satisfaction certificate, certification or <br /> opinion, as the case may be,unless such provision expressly provides otherwise, or unless <br /> authorization for such approval is required by the City Council of the City under applicable law. <br /> Section 13.16 No Partnership. This Agreement does not and may not be construed to <br /> create a partnership or joint venture between the City and the Developer. <br /> Section 13.17 Interpretation. All Section headings and other titles and captions herein <br /> are for convenience only, do not form a substantive part of this Agreement and shall not restrict <br /> or enlarge any substantive provisions hereof or thereof. The terra"including,"when used in this <br /> Agreement, means "including, without limitation," and shall be construed as a term of <br /> illustration, and not a term of limitation. Whenever reference is made to a number of"days" in <br /> the computation of time hereunder, such reference shall mean"calendar days"unless otherwise <br /> indicated. Wherever any period of time is specified herein for the taking of any action or the <br /> giving of any notice, the period shall be computed by excluding the day upon which the period is <br /> specified to commence and including the last day of the period specified. Whenever the time for <br /> performance of an obligation occurs or expires on a day other than a Business Day, the time for <br /> performance thereof shall be extended to the next Business Day. For the purposes hereof,the <br /> term "Business Day"means all days, excluding(a) Saturday and Sunday, and (b) any day that is <br /> a national holiday in the United States or a state holiday in the State of Ohio. <br /> Section 13.18 Incorporation of Exhibits. All Exhibits attached hereto are incorporated <br /> into this Agreement and are made a part hereof by this reference. <br /> 29 <br /> 4822-5376-7522.22 <br />
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