2026-014 Ordinance - Laserfiche WebLink

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fixtures, retaining walls, sewers, utilities, demolition, environmental remediation and other public infrastructure that will benefit and serve the Development. (b) Public Improvements shall also include all traffic signals, control devices, signs, right of way improvements, traffic regulating facilities, turn lanes and lane markings. (c) Subject to the satisfaction of the Initial Development Conditions for the Development, Developer shall be responsible for all costs associated with construction of the Public Improvements, if any. (d) Notwithstanding the foregoing, the parties do not contemplate that any streets located within or serving the Development that are not currently dedicated to the City will be dedicated to the City and no such streets shall require the City's acceptance thereof, unless approved by the City in the City's sole discretion. Section 3.2 Cooperation and Coordination. The parties hereto agree to cooperate with each other to the fullest extent possible and mutually assist each other in the development and construction of the Development. The City and Developer agree to timely meet, to conduct meetings subject to public notice and hearing requirements as reasonably necessary and as frequently as necessary to facilitate the construction of the Development as contemplated by this Agreement and to act on all plans and specifications incorporated herein. In connection therewith, upon the request of Developer, the City agrees to provide a letter of support to the Developer evidencing the City's support of the Project. ARTICLE IV CONSTRUCTION OF THE DEVELOPMENT Section 4.1 Compliance with Applicable Laws. Developer will cause each respective portion of the Development to be constructed in conformity with (a) all Applicable Laws, including without limitation, the MAW Ordinance and (b) with respect to any Public Improvements, all City approved plans and specifications and procedures and any approved changes thereto. Section 4.2 Approval of Plans. For each phase of the Development, the Developer will submit plans and specifications as required by the MAW Ordinance and by this Agreement. Developer is responsible for obtaining and paying for all required City approvals and permits and complying with all Applicable Laws with respect to each portion of the Development. Section 4.3 Provision of Demolition Grant. Upon the completion of a portion of the Project and the issuance of a temporary or permanent certificate of occupancy for such portion of the Project, the City shall pay the Developer the Demolition Grant for a portion of the cost to demolish the former Sears building located on the Development Site. City and Developer covenant and agree to cooperate in good faith to negotiate and execute any additional documentation, including without limitation, cost certificates, as may be required to be executed to facilitate the use of the Demolition Grant for the foregoing purposes. ARTICLE V TAX INCREMENT FINANCING M 19575939-4