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BRISTOL RETAIL XV, LLC.
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BRISTOL RETAIL XV, LLC.
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Last modified
8/25/2023 10:53:18 AM
Creation date
8/25/2023 10:52:16 AM
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Contracts
Company Name
BRISTOL RETAIL XV, LLC.
Contract #
N-2023-204
Agency
Planning & Building
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Section 3(I) shall also have the right to collect its reasonable attorney's fees, costs <br />and expenses associated with any action or proceeding to enforce or defend its <br />rights hereunder. <br />2. In the event that the City makes a written finding that a Maintenance Deficiency <br />exists on the Project as provided in Section 3(G), then in addition its lien powers <br />under Section 3(I)(1), the City may record a notice of correction of Maintenance <br />Deficiency be recorded against the Leasehold Interest. Such a notice of <br />Maintenance Deficiency shall refer to Section 3(G) of the Agreement, be signed by <br />the Executive Director of the Planning and Building Agency and shall have a <br />duration following the date of its recordation until such date the Maintenance <br />Deficiency is corrected. City shall record a termination of a notice of correction of <br />Maintenance Deficiency within ten (10) days following the date the Maintenance <br />Deficiency is correct. <br />J. No approval by Owner shall be necessary for the City to establish and foreclose a lien <br />against the Leasehold Interest for non-payment of amounts expended by the City to cure a <br />Maintenance Deficiency under Section 3 of this Agreement. No failure by the City to enforce any <br />default pertaining to the maintenance, repair or replacement of any element of the Property or the <br />Project under Section 3 shall be deemed to be a waiver of the right or power of the City to enforce <br />any subsequent default thereof by Owner. <br />K. Priority of City Ordinances and Other Laws. Notwithstanding any provision in this <br />Agreement to the contrary, the approval and acceptance of this Agreement by the City shall not be <br />deemed a waiver or release of any applicable provision of any building permit or other <br />development project permit issued by the City for the improvement of the Project on the Property, <br />or of any other applicable ordinance or law or the general police power of the City. In the event <br />of any conflict or inconsistency between any provision hereof and any ordinance, law, or the <br />general police power of the City, the latter shall prevail. <br />SECTION 4. TERMINATION of AGREEMENT. This Agreement shall terminate and <br />be of no further force or effect upon the mutual written termination of this Agreement by Owner <br />and City. <br />SECTION 5. LEGAL ADVICE. Each Party represents and warrants to the other the <br />following: they have carefully read this Agreement, and in signing this Agreement, they do so with <br />full knowledge of any right which they may have; they have received independent legal advice <br />from their respective legal counsel as to the matters set forth in this Agreement, or having <br />knowingly chosen not to consult legal counsel as to the matters set forth in this Agreement; and <br />they have freely signed this Agreement without any reliance upon any agreement, promise, <br />statement, or representation by or on behalf of the other Party, or in their respective agents, <br />employees or attorneys, except as specifically set forth in this Agreement, and without duress or <br />coercion, whether economic or otherwise. <br />087057\16824605v7 6 <br />
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