My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
75A - PH RE AMEND DEV PYLON SIGN
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2017
>
10/17/2017
>
75A - PH RE AMEND DEV PYLON SIGN
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/12/2017 8:21:34 PM
Creation date
10/12/2017 8:12:08 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75A
Date
10/17/2017
Destruction Year
2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
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
5. TERMINATION RIGHTS <br />5.1 City Termination Rights. Subject to the force majeure provisions of Section 5.11 <br />below, City shall have the right to terminate this Agreement if, following the Commencement Date, <br />Required Operations are not conducted within the City for a period of ninety (90) consecutive <br />days. If the City terminates the Agreement pursuant to these terms, any remaining balance of <br />the Loan Amount and accrued interest shall be immediately due and payable from the Auto Mall <br />to the City. <br />5.2 Auto Mall Termination Rights. Auto Mall may terminate this Agreement for any <br />reason, or no reason, upon one hundred and eighty (180) days written notice to the City, at which <br />point, any remaining balance of the Loan Amount and accrued interest shall be immediately due <br />and payable from the Auto Mall to the City. <br />5.3 Mutual Termination Rights. City makes no representation or warranty to Auto Mall <br />as to the legality of the Loan Repayments or the City's authority to make such Loan Repayments. <br />In the event that a final, non -appealable judgment or decree is rendered against City invalidating <br />its Loan Repayment obligations set forth in this Agreement, either City or Auto Mall may terminate <br />this Agreement by delivery of written notice of termination to the other party, and any remaining <br />balance of the Loan Amount and accrued interest shall be immediately due and payable from the <br />Auto Mall to the City. <br />GENERAL PROVISIONS. <br />6.1 Incorporation of Recitals. The recitals to this Agreement are deemed by the parties <br />to be true and correct and are hereby incorporated into the Agreement by this reference. <br />6.2 Entire Agreement, and Amendments. This Agreement incorporates all of the terms <br />and conditions mentioned herein, or incidental hereto, and supersedes all negotiations and <br />previous agreements between the parties with respect to the subject matter hereof. Any <br />amendment or modification to this Agreement must be in writing and executed by Auto Mall and <br />City. <br />6.3 Limitations on City's Liability. Auto Mall acknowledges and agrees that: <br />6.3.1 The relationship between Auto Mall and City pursuant to this <br />Agreement is and shall remain solely that of contracting parties, and City neither undertakes nor <br />assumes any responsibility pursuant to this Agreement to review, inspect, supervise, approve, or <br />inform Auto Mall of any matter in connection with this Agreement or the Required Operations; <br />6.3.2 City shall not be directly or indirectly liable or responsible for any <br />loss or injury of any kind to any person or property, except to the extent proximately caused by <br />City's active negligence or intentional misconduct, resulting or in any way arising from: (a) any <br />defect in any building, grading, landscaping, or other onsite or offsite improvement; (b) any act or <br />omission of Auto Mall or any of Auto Mall's agents, employees, independent contractors, <br />licensees, sub lessees or invitees; or (c) any accident at the Auto Mall facility, or any fire or other <br />casualty or hazard thereon; and <br />6.3.3 By accepting or approving anything required to be performed or <br />given to City under this Agreement, City shall not be deemed to have warranted or represented <br />75A-27 <br />
The URL can be used to link to this page
Your browser does not support the video tag.