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06-27-2016 Council Packet
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06-27-2016 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
06/27/2016
Council Meeting Type
Regular
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2016 20160627 Arnt CUP Batch Plant Site Performance Agreement page 4 of 8 <br /> <br />VII. REMEDIES FOR BREACH <br /> <br />A. The City shall give prior written notice to the Developer of any default <br />hereunder before proceeding to enforce such financial guarantee or before <br />the City undertakes any work for which the City will be reimbursed <br />through the financial guarantee. If within twenty (20) days after receipt of <br />such written notice to it, the Developer has not notified the City by stating <br />in writing the manner in which the default will be cured and the time <br />within which such default will be cured, the City will proceed with the <br />remedy it deems reasonably appropriate. <br /> <br />B. At any time after the completion date and any extensions thereof, if any of <br />the work is deemed incomplete, the City may proceed in any one or more <br />of the following ways to enforce the undertakings herein set forth, and to <br />collect any and all expenses reasonably incurred by the City in connection <br />therewith, including, but not limited to, engineering, legal, planning and <br />litigation costs and expense. The enumeration of the remedies hereunder <br />shall be in addition to any other remedies available to the City. <br /> <br />1. Specific Performance. The City may in writing direct the surety or <br />the Developer to cause the Work to be undertaken and completed <br />within a specified reasonable time. If the Developer fails to cause <br />the Work to be done and completed in a manner and time <br />reasonably acceptable to the City, the City may proceed to bring an <br />action for specific performance to require work to be undertaken. <br /> <br />2. Completion by the City. The City, after written notice, may enter <br />the premises and proceed to have the Work done either by contract, <br />by day labor or by regular City forces. The Developer may not <br />question the manner of doing such work or the letting of any such <br />contracts for the doing of any such work; provided that all such <br />work is performed in a reasonable manner, the costs are reasonable <br />and the work is completed in a good and workman-like manner <br />and in accordance with the approved plans and specifications. <br />Upon completion of such work, the Developer shall promptly pay <br />the City the full cost thereof as aforesaid. <br /> <br />3. Deposit of Financial Guarantee. In the event the financial <br />guarantee has been submitted in the form of a Letter of Credit, the <br />City may draw on the Letter of Credit the sum equal to the <br />reasonably estimated cost of completing the Work, plus the City's <br />reasonably estimated expenses as defined herein, including any <br />other reasonable costs, expenses, and damages for which the surety <br />may be liable hereunder, but not exceeding the amount set forth on <br />the Letter of Credit. The money shall be deemed to be held by the
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