My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
80A - JOINT - AMCAL
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2017
>
02/21/2017
>
80A - JOINT - AMCAL
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/17/2017 7:08:05 AM
Creation date
2/16/2017 5:29:44 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
2/21/2017
Destruction Year
2022
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
246
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(30) days, so long as the Limited Partner commences to take action to remove and substitute the <br />General Partner with a reasonable period and thereafter diligently proceeds to complete such <br />substitution; (ii) any transfer of the Property to the Managing General Partner pursuant to the <br />right of first refusal or to one or more of the General Partners pursuant to the purchase option, as <br />provided for in the Partnership Agreement; (iii) any transfer of the Limited Partner's interest in <br />connection with a default by the Limited Partner under and in accordance with the Partnership <br />Agreement; and (iv) any sale, transfer or other disposition of the Limited Partner's interest in the <br />Developer or of an interest in the Limited Partner. <br />17. CERTIFICATE OF COMPLETION <br />Upon satisfactory completion of the construction and upon the request of Developer, or at <br />its own election, the City shall issue a Certificate of Completion. Such Certificate of Completion <br />shall be, and shall so state, conclusive determination of satisfactory completion of the <br />construction. <br />If City declines to farnish a Certificate of Completion after written request from <br />Developer, the City Project Manager shall, within thirty (30) days after receipt of the request, <br />provide Developer with a written statement of the reasons therefore. The statement shall contain <br />a description of the action Developer must take to obtain a Certificate of Completion. If the <br />reason therefore is that the Developer has not completed a minor portion of the construction, City <br />may, in its sole and absolute discretion, issue the Certificate of Completion upon the posting with <br />City of a bond or other form of security acceptable to the City Project Manager in the amount of <br />the fair value of the uncompleted work. <br />A Certificate of Completion is not evidence of compliance with or satisfaction of the <br />Inclusionary Loan Documents or any obligation of Developer to any other party whatsoever, <br />including any holder of a mortgage or deed of trust. A Certificate of Completion is not "notice of <br />completion" referred to in Section 1093 of the California Civil Code. <br />18. INDEMNIFICATION <br />18.1 Nonliability of City. Developer acknowledges and agrees that: <br />(a) The relationship between Developer and the City is and shall remain <br />solely that of Developer and lender. City neither undertakes nor assumes any responsibility to <br />review, inspect, supervise, approve (other than for aesthetics) or inform Developer of any matter <br />in connection with the construction, including matters relating to: (i) the performance of the <br />construction work, (ii) architects, contractors, subcontractors and materialmen, or die <br />workmanship of or materials used by any of them, or (iii) the progress of the construction; and <br />Developer shall rely entirely on its own judgment with respect to such matters and acknowledges <br />that any review, inspection, supervision, approval or information supplied to Developer by City <br />in connection with such matters is solely for the protection of City and that neither Developer nor <br />any third party is entitled to rely on it; <br />
The URL can be used to link to this page
Your browser does not support the video tag.