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03 - JOINT PH - DDA Bowers 1902-1914 N Main
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02/17/2009
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03 - JOINT PH - DDA Bowers 1902-1914 N Main
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Last modified
1/3/2012 3:33:37 PM
Creation date
6/27/2011 10:54:33 AM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
03
Date
2/17/2009
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Associations with other entities for the purpose of performing Developer's obligations <br />under this Agreement, provided Developer retains operational and managerial control. <br />2. Easements or temporary permits to facilitate development of the Property. <br />3. Leases of building space. <br />4. Deeds of trust or other financing documents executed for the purpose of securing <br />loans to Developer made to finance the construction and permanent financing of the <br />acquisition and/or development of the Property. <br />5. An assignment to a related company has no ownership or shareholders other than <br />those who are principal shareholders of the corporation which currently constitutes the <br />Developer. Such an assignment shall be only be effective when approved by the <br />Agency's Executive Director, who shall approve such conveyance upon delivery by <br />Developer of docurrrentation reasonably establishing compliance with the restrictions <br />imposed by the paragraph. <br />D. The prohibition contained in subsection B of this section shall terminate upon the issuance <br />by Agency of a Certificate of Completion for the Property as provided in Section 317 of this <br />Agreement. <br />Section 603. Right of Entry <br />From the time the Property is conveyed to Developer until the issuance of a Certificate of <br />Completion pursuant to Section 317 of this Agreement, the Agency and its representatives shall <br />have a right of access to the Property to inspect the work being performed by Developer on the <br />Property and to perform such work as the Agency may be required to perform on the Property by <br />this Agreement. Such right of entry shall be exercised in a reasonable manner and at reasonable <br />times so as not to disrupt the activities of Developer and its agents on the Property. <br />Section 604. Reserved <br />Section 605. Reserved <br />Section 606. Notices, Demands, and Communications between the Parties <br />Formal notices, demands and communications between the Agency and the Developer shall <br />be sufficiently given if dispatched by registered or certified mail, postage prepaid, return receipt <br />requested, to the principal offices of the Agency and the Developer as designated in Sections 106 <br />and 107 hereof. Such written notices, demands and communications may be sent in the same <br />manner to such other addresses as either party may from time to time designate by mail as provided <br />in this Section 606. <br />22 <br />3-28 <br />
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