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05-14-08 Additions
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10/19/2011 11:19:25 AM
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the following actions after the giving of thirty (30) days' written notice to the Developer citing <br />with specificity the item or items of default and notifying the Developer that it has thirty (30) <br />days within which to cure said Event of Default. If the Event of Default has not been cured <br />within said thirty (30) days: <br />(a) The City may suspend its performance under this Agreement until it <br />receives assurances from the Developer, deemed adequate by the City, that the Developer <br />will cure its default and continue its performance under this Agreement. <br />(b) The City may cancel and rescind the Agreement. <br />(c) <br />Project; <br />(d) The City may seek injunctive relief from a court of competent jurisdiction. <br />Injunctive relief may include, but is not limited to, a temporary restraining order, <br />temporary injunction or injunction prohibiting the Developer from taking an action or <br />actions that violate this Development Agreement or an order to compel the Developer's <br />specific performance of any of the Developer's obligations under this Development <br />Agreement; <br />(e) The City may commence an action against the Developer for damages; <br />(f) The City may take any action, including legal or administrative action, in <br />law or equity, which may appear necessary or desirable to enforce performance and <br />observance of any obligation, agreement, or covenant of the Developer under this <br />Agreement. <br />Section 5.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to <br />the City is intended to be exclusive of any other available remedy or remedies, but each and <br />every such remedy shall be cumulative and shall be in addition to every other remedy given <br />under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or <br />omission to exercise any right or power accruing upon any default shall impair any such right or <br />power or shall be construed to be a waiver thereof, but any such right and power may be <br />exercised from time to time and as often as may be deemed expedient. <br />Section 5.4 No Implied Waiver. In the event any agreement contained in this <br />Agreement should be breached by any party and thereafter waived by any other party, such <br />waiver shall be limited to the particular breach so waived and shall not be deemed to waive any <br />other concurrent, previous or subsequent breach hereunder. <br />Section 5.5 Agreement to Pay Attorney's Fees and Expenses. Whenever any Event of <br />Default occurs and the City shall employ attorneys or incur other expenses for the collection of <br />payments due or to become due or for the enforcement or performance or observance of any <br />obligation or agreement on the part of the Developer herein contained, the Developer agrees that <br />they shall, on demand therefor, pay to the City the reasonable fees of such attorneys and such <br />other expenses so incurred by the City unless the City loses in an adjudicated dispute with the <br />Developer. <br />The City may refuse to issue Building Permits for all or any portion of the <br />2[39197v6 <br />DocS 2561638 \9 <br />19 <br />
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