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<br />6.3 Fdue oIPeriodk RevIew. City's failure to nwiew at least annually <br />Owners CODIþIianco with the tams 8Dd conditiona ofthiJ A&reemeat sba11ftOt coøstitnte or be <br />auerted by any party 18 a breach of tho A&reemeat by Owner or City. <br /> <br /><'-"""'. <br /> <br />7. <br /> <br />DEFAULT. <br /> <br />7.1 Evats or Default. Property Owna- is in deta.uJt under thia Agreement <br />upontbc happenùIg of one or more of the fo11owina events or conditions: <br /> <br />(1) If a warranty, leprœœ.tation, or statement made or tùm.ished by <br />Property Owner to the City is false or proves to have been false in lilY material respect when it <br />was made; <br /> <br />(2) A findina and deto.tmiœtion made by the City followin¡ aperiodic <br />review under the procedure provided for in Govemmeat Code Section 65865.1 that upon the <br />basis of substamia1 evidence the Property Owner has not complied in good faith with one or <br />more of the tenns or conditions of this Agrccmcnt; <br /> <br />(3) Pailure to comply in pod faith with Govemmeota1 Req1lÎ1'el11Cmts; <br /> <br />(4) Any other event, condition. act, or omission which materially <br />interferes with tho in1eDt and objectives of this .Aareement <br /> <br />7.2 Procedue 1IpoII Dela1llt. <br /> <br />(1) Upon the œcu.rrence of default, City sbaU ¡ivc PJo,my Owner <br />(the "'defauJting partY, ninety (90) days written notice spocifyina the nature of the allo¡ed <br />default and, when appropriate, the manner in which saìd default may be satisfactorily cured. <br />After proper notice and expinWon of said ninety (90) day cure period without cure, City may <br />terminato or amend this Agreement in accordance with the procedure adopted by the City as to <br />aU detàults that may be cured within said ninety (90) day cure period. For dcfiw1ts that cannot <br />be cured within said ninety (90) day cure period. City may Ml'minAte or amend this Agreement in <br />acccmIance with the proœcIure adopted by the City should at any time following said ninety (90) <br />day period Owner fail to diligently proceed in curing the default. Failure or de1ay in gMn¡ <br />noticc of default shall not constitute a waiver of any default. nor shall it chanse tho time of <br />default. <br /> <br />(2) City does not waive any claim of defect m perfonnance by <br />Property Owner. if on periodic review the City does not propose to modify or terminate this <br />AgreemenL <br /> <br />(3) Non-perfonnan.ce shall not be excused because of a failure of a <br /> <br />third penon. <br /> <br /><@t <br /> <br />-' <br /> <br />Ordinance No. NS-2656 <br />Page 16 of 45 <br />