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LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
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LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
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Last modified
2/6/2017 10:40:55 AM
Creation date
2/1/2017 1:33:24 PM
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Contracts
Company Name
LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
Contract #
A-2015-084
Agency
PLANNING & BUILDING
Council Approval Date
5/5/2015
Destruction Year
0
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supplement the miligation mmuros and 000dlllons of approval Imposod by the City of their <br />rtspoofsvodevotoptuonto, Those, huprovomontsAre set forillInfthibftA,altaohedherotoend aaado <br />apad hemofbythis relbronoa("huprovoitonte). <br />Ir, ThoAgony)owiitlvatoasslSlInlbtAnidingoflllohnpeovomonlebut mUyftom a <br />portion oftho lox Inorornoni aolualiy gonetated by thoNoxus aad Ponevo Gbtmnoits NoJecis acid to <br />Pond speolfled Improvements tical would roduco blight and benefb thoProjool Area. <br />d, Tho Clty'o partlolpahton In Ilds Agreomont is flinlW to 000rdh1o11on oflWtding <br />imcUor constmotton ofcolloht, heroin apeoiHed publioly owned Improvements <br />IT, NOxna has agrood to tonstniol some of Oho tntproventonts, andpay for iho <br />C011SIM011011 Of 01110M, as Moro flttly $01 f0tili 110101Y (`'Naxos Inlprovtmonte"}, <br />I, Gonova Coninions has agreed to Tray for s podion of the Nexus hnprovomoma. <br />WONY, T1IHRBF0,RB, the pantosItoro(o do tmnuallyogroe as foltowst <br />1, SCOM OF WOhtK <br />A. Noxus shiall couftiol andlor flmd lire Improvemonts f4cliflod as "Noxus <br />Improvements" In Rxhibit A horolo according to the schoduto set forth h,11AAbit R to Ibis <br />Agroomont, ntloohed horolo raid hiootporated heroin by this roibronao, Nexus shall be entitled to <br />full use of Tito 8utds dopoaited In tho Npxos)?serow to undertake thoNexus Improvennonis, <br />B. In oomidomilon for Noxus' agrooment to construct and/or fund thoNexus <br />rmprovonlont, Gonova Couunous agrees to wnldbnto a sunt equal to its pro-mta share ofroshdenfial <br />units li tweenItselfandNexus(whichIsolnreilttytwenty-fivoporoont(25%)puteuanttoMost <br />numbortact fotih husoottona Aand B of die Realists nbovo) ofQio cost of die Noxus <br />Imptavowouts, towards (Ito toil lfroreofpayabla at the timet call cd for below, Notwlf istarlding tho <br />foregoing, lfNoxus has. not oxeoatod ibis Agroomoul prlor to [[to data this Agreement Homos <br />binding on Gonovn Commons (whfoh ilia paries agrceshall conolusivoly, doomod to to tho first day <br />upon whtoh lids Agreoment boa been oxeculed by Genova Commons, tho Clty; the Agouoy and <br />Sandpolnto),11ton Genova Colnnlotta pro•rafa sharo conhibalfon to Iho Ntxus Morow shall be <br />conolusivoly ffxod at hvonly-levo (25%) rogardloss ofiho aohtal number ofrosideniiat twig <br />approved for 1t and Nexus, <br />C. If Iho onilro Nexus void Gonova Commons Projeols ate dot wtmiilad, Agency shsll <br />oauso pie oonstruodon oftlto linproventonts hdondfiod av "PubiholpOwned 1pi0ovonralts" In <br />1449bil A herolo aceording to the schedule set fodh In %bibit O to this Agrdomont, attached haroto <br />and incorporated heroln'by Ibis roferonco, Tho pantos aoknowfodgo acrd agreo that the tolat coal of <br />the publioly Owned Inipxovontonts, Inolud'ung studios, dosign oud ovorhoath , shalt net oxeoed Vivo <br />MIII1011 Dollars ($6,000,0000), <br />RXM BIT A <br />Ordinance No, NO.2800. <br />Page 81 of 81 <br />
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