11B - HUTTON CENTRE MIXED USE SPECIFIC DEVELOPMENT

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Table of Contents ( continued) Page 5.2.7 Timing of Development ................................................................................14 5.2.8 Development Impact Fees ............................................................................14 5.3 Coopera tive Agreement .................................... ............. ........ ........ ...........................14 6. ANNUAL REVIEW. .............................................................................................................14 6.1 City and Owner Responsibilities..............................................................................14 6.2 Review Letter ............. .................. ........ .............. ................................. ....................... 15 6.3 Failure of Periodic Review .......................................................................................15 7. D EF A UL T . .............................................................................................................................15 7.1 Events of Default by Owner .....................................................................................15 7.1.2 Events of Default by City .............................................................................15 7.2 Procedure upon Breach ............................................................................................16 7.3 T ermina tio n ...............................................................................................................16 7.5 Institution of Legal Action........................................................................................ 1 6 7.6 M ul ti pie Own ers .................. ........ .................... ................................. ........................ .16 7.7 Alternative Dispute Resolution ................................................................................17 7 .8 Interim Reli ef............................................ .................. .................... ........... ........ ........18 7.9 Entitlements Survive Termination ..........................................................................18 7.10 Miscellaneous. ............................................................................................................18 8. MORTGAGEE PROTECTION S ............. ...........................................................................18 8.1 Right to Owner/N otice/Multiple Mortgagees .........................................................18 8.2 Notice of Breach to Mortgagee or Deed of Trust Holders; Right to Cure........... 18 8.3 Mortgagee Not Obligated Under the Agreement ...................................................19 8.4 No Liability... ............ .................................................................................................19 8.5 No Amendment or Termination ..............................................................................19 8.6 Condemnation or Insurance Proceeds ....................................................................19 8.7 Title by Foreclosure ..................................................................................................19 8.8 Del ega tio n to Mortgagee ...........................................................................................19 8.9 No Obligation to Cure...............................................................................................20 8.1 0 Se p ar ate Agree men t.. ........ .............................................................. .......................... 20 8.11 E sto p pel C ertifi ca te... .................. ................................................... .......... ................. 20 8.12 Co nfli cts .................. ........................ ..... ............................................. .................. ....... 20 9. MISCELLANE 0 US PRO VISI ON S. ................................................................................... 20 9.1 Rules of Constructio n ............................................................................................... 20 9.2 Entire Agreement, Waivers and Amendments ....................................................... 20 9.3 Project as a Private U ndertaking............................................................................. 21 9.4 In co rpo ra tio n of Recitals .......................................................................................... 21 9.5 Cap ti 0 n s .............................................................. ................ ....................................... 21 9.6 Co nsen t ................. ........................................... ........... ......... ....................................... 21 9. 7 Covenant of Coo pera tio n .......................................................................................... 21 9.8 Time 0 f Essence .......... ................................... ................................ ............................21 9.9 Co nfli cts of Law ......................................................................................................... 21 9.10 Enforced Delay; Extension of Time of Performance .............................................21 9.11 Reco rdin g ........................................................................ ...........................................22 ii DOCSOC/1110339vll/24579-0001 11 B-20