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<br />Table of Contents <br />(continued) <br /> <br />Page <br /> <br />5.2.7 Timing of Development ................................................................................14 <br />5.2.8 Development Impact Fees ............................................................................14 <br />5.3 Cooperative Agreement ............................................................................................14 <br /> <br />6. ANNUAL REVIEW...............................................................................................................14 <br />6.1 City and Owner Responsibilities..............................................................................14 <br />6.2 Review Letter .............................................................................................................15 <br />6.3 Failure of Periodic Review ........................................................................................15 <br /> <br />7. DEFAULT. .............................................................................................................................15 <br />7.1 Events of Default by Owner......................................................................................15 <br />7.1.2 Events of Default by City .............................................................................15 <br />7.2 Procedure upon Breach ............................................................................................16 <br />7.3 Termination................................................................................................................16 <br />7.5 Institution of Legal Action........................................................................................16 <br />7.6 Multiple Owners ........................................................................................................16 <br />7.7 Alternative Dispute Resolution ................................................................................17 <br />7.8 Interim Relief .............................................................................................................18 <br />7.9 Entitlements Survive Termination...........................................................................18 <br />7.10 Miscellaneous. ............................................................................................................18 <br /> <br />8. MORTGAGEE PROTECTIONS.........................................................................................18 <br />8.1 Right to Owner/NoticelMultiple Mortgagees..........................................................18 <br />8.2 Notice of Breach to Mortgagee or Deed of Trust Holders; Right to Cure ...........18 <br />8.3 Mortgagee Not Obligated Under the Agreement....................................................19 <br /> <br />8.4 No Liability ................................................................................................................19 <br />8.5 No Amendment or Termination...............................................................................l9 <br />8.6 Condemnation or Insurance Proceeds.....................................................................19 <br />8.7 Title by Foreclosure...................................................................................................19 <br />8.8 Delegation to Mortgagee ...........................................................................................19 <br />8.9 No Obligation to Cure................................................................................................20 <br />8.10 Separate Agreement ..................................................................................................20 <br />8.11 Estoppel Certificate ...................................................................................................20 <br />8.12 Conflicts......................................................................................................................20 <br /> <br />9. MISCELLANEOUS PROVISIONS.....................................................................................20 <br />9.1 Rules of Construction................................................................................................20 <br />9.2 Entire Agreement, Waivers and Amendments .......................................................20 <br />9.3 Project as a Private Undertaking.............................................................................21 <br /> <br />9.4 Incorporation of Recitals ..........................................................................................21 <br />9.5 Captions......................................................................................................................21 <br />9.6 Consent .......................................................................................................................21 <br />9.7 Covenant of Cooperation ..........................................................................................21 <br />9.8 Time of Essence..........................................................................................................21 <br />9.9 Conflicts of Law .........................................................................................................21 <br />9.10 Enforced Delay; Extension of Time of Performance..............................................21 <br /> <br />9.11 Recording ...................................................................................................................22 <br /> <br />ii <br /> <br />DOCSOC/II10339vll/24579.0001 <br /> <br />Ordinance NS.2691 <br />Page 6 of 73 <br />