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NS-2106
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Last modified
1/3/2012 1:02:59 PM
Creation date
6/26/2003 10:08:08 AM
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City Clerk
Doc Type
Ordinance
Doc #
NS-2106
Date
1/7/1991
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<br />10'6 <br /> <br />ORDINANCE NO. NS-2106 <br /> <br />standards and uses specified herein, or city's obligations <br />under section 12, or <br /> <br />ii) expressly r~pudiate, refuse or renounce <br />this Development Agreement in writing. <br /> <br />22. Procedure Upon Default. <br /> <br />(al Notwithstanding any provision of this <br />Development Agreement to the contrary, except for Developer's <br />default under section 21(a) (iii), Developer shall not be deemed <br />to be in default under this Development Agreement, and the city <br />may not terminate Developer's rights under this Development <br />Agreement unless the city shall have first delivered a written <br />notice of any alleged default to Developer, which shall specify <br />the nature of such default. Except for Developer's default <br />under Section 21(a) (iii), if such default is not cured by <br />Developer within ninety (90) days of service of such notice of <br />default, or with respect to defaults which cannot be cured <br />within such period, Developer fails to commence to cure the <br />default within sixty (60) days after service of the notice of <br />default, or thereafter fails to diligently pursue the cure of <br />such default until completion, the City may terminate <br />Developer's rights under this Agreement. Upon the occurrence <br />of a default by the city, as described in section 21(b)(i), <br />Developer may give written notice to the City specifying the <br />nature of such default. If the City has not cured such default <br />within ninety (90) days of such notice, an event of default by <br />the City shall be deemed to have occurred. The occurrence of <br />a default by the city under section 21(b) (ii) above shall, at <br />the option of Developer, and upon written notice to the city, <br />immediately constitute an event of default by the city. <br /> <br />(b) In the event a breach of this Development <br />Agreement occurs, irreparable harm is likely to occur to the <br />nonbreaching party and damages may be an inadequate remedy. To <br />the extent permitted by law, therefore, it is expressly <br />recognized that specific enforcement of this Development <br />Agreement is a proper and desirable remedy. <br /> <br />(c) In no event shall either party be entitled <br />to damages against the other party based on the other party's <br />default under this Agreement. <br /> <br />23. Entire Aqreement. This Development Agreement <br />and the Exhibits therein contain the entire agreement between <br />the parties, and is intended by the parties to completely state <br />the Development Agreement in full. Any agreement or <br />representation respecting the matters dealt with herein or the <br />duties of any party in relation thereto, not expressly set <br />forth in this Development Agreement, is null and void. <br /> <br />16 <br /> <br />II <br />
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