Laserfiche WebLink
<br />I' <br /> <br />, , <br /> <br />AND THAT THE AMOUNT OF SAID DEPOSIT IS A REASONABLE <br /> <br />. <br /> <br />AND COMPLETE ESTIMATE OF AGENCY'S DAMAGES. <br /> <br />PARTI CIPANT <br /> <br />RECOGNIZESTHAT PARTICIPANT'S PROMPT PURCHASE OF THE <br /> <br />SALES PARCEL AND DEVELOPMENT OF THE SITE IN ACCORDANCE <br /> <br />WITH THIS AGREEI~ENT ARE OF CRITICAL IMPORTANCE TO <br /> <br />AGENCY'S ABILITY TO CARRY OUT ITS OTHER ACTIVITIES <br /> <br />WITHIN THE REDEVELOPMENT PROJECT BY FINANCING FROM <br /> <br />THE TAX INCREMENT WHICH WILL BE GENERATED BY THIS <br /> <br />DEVELOPMENT PURSUANT TO CALIFORNIA HEALTH & SAFETY <br /> <br />CODE SECTIONS 33670 et ?eq. <br /> <br />PARTICIPANT FURTHER <br /> <br />RECOGNIZES THAT THE AMOUNT OF THE GOOD FAITH DEPOSIT <br /> <br />IS BASED NOT ONLY UPON THE PURCHASE PRICE AS SET <br /> <br />. <br /> <br />FORTH IN THIS AGREEMENT, BUT ALSO UPON AGENCY'S <br /> <br />INVESTMENT IN THE SALES PARCEL WHICH INCLUDES, IN <br /> <br />ADDITION TO LAND VALUE, THE VALUE OF THE IMPROVEMENTS <br /> <br />WHICH AGENCY IS TO ACQUIRE, DEMOLITION COSTS, <br /> <br />RELOCATION COSTS, AND AGENCY'S COSTS OF FINANCING <br /> <br />THE ACQUISITION AND CLEARANCE OF THE SALES PARCEL. <br /> <br />This section is separately approved by the parties <br /> <br />to this Agreement in accordance with California Civil Code <br /> <br />Section 1677: <br /> <br />AGENCY: <br /> <br />PARTICIPANT: <br /> <br />. <br /> <br />By <br /> <br />BY <br /> <br />Chairman <br /> <br />By <br />---Execu t í\¡-e- Drrectò'r- <br /> <br />By ~.._. - - -,..- .----..-- <br /> <br />6. <br /> <br />I <br />Section VII,D.' of the Participation Agreement <br /> <br />is hereby amended by adding one paragraph thereto, which <br /> <br />paragraph reads as follows: <br /> <br />. <br /> <br />6. <br /> <br />~ß~ <br /> <br />4A <br />