My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
May 16, 2006 CCP
LakeElmo
>
City Council
>
City Council - Final Meeting Minutes
>
2000's
>
2006
>
May 16, 2006 CCP
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/18/2025 1:11:35 PM
Creation date
10/1/2019 3:19:19 PM
Metadata
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.
/
234
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
4.14 Default. The occurrence of any of the following shall be considered an <br />"event of default" in the terms and conditions contained in this <br />Agreement: <br />A. Failure of the Developer to comply with any of the terms and <br />conditions contained in this Agreement. <br />The failure of the Developer to comply with any applicable <br />ordinance or statute with respect to the development of the <br />Property. <br />4.15 Remedies. Upon the occurrence of any event of default, the City, in <br />addition to any other remedy which may be available to it, shall be <br />permitted to do any of the following: <br />A. City may make advances or take other steps to cure the default, <br />and, where necessary, enter the Property for that purpose. The <br />Developer shall pay all sums so advanced or expenses incurred by <br />the City, upon demand, with interest from the dates of such <br />advances or expenses at the rate of 10% per annum. No action <br />taken by the City pursuant to this section shall be deemed to <br />relieve the Developer from curing any such default to the extent <br />that it is not cured by the City or from any other default <br />hereunder. The City shall not be obligated, by virtue of the <br />existence or exercise of this right, to perform any such act or cure <br />any such default. The Developer shall save, indemnify, and hold <br />harmless, including reasonable attorney fees, the City from any <br />liability or other damages which may be incurred as a result of <br />the exercise of the City's rights pursuant to this section. <br />B. Obtain an Order from a Court of competent jurisdiction requiring <br />the Developer to specifically perform its obligations pursuant to <br />the terms and provisions of this Agreement. <br />C. Exercise any other remedies which may be available to it <br />including an action for damages. <br />D. Withhold the issuance of any or all building permits and/or <br />prohibit the occupancy of all building(s) for which permits have <br />been issued. <br />E. In addition to the remedies and amounts payable as set forth <br />herein, upon the occurrence of an event of default, the Developer <br />shall pay to the City all fees and expenses, including reasonable <br />attorney, engineering and consulting fees, incurred by the City as <br />a result of the event of default, whether or not a lawsuit or other <br />action is formally taken. <br />0 <br />
The URL can be used to link to this page
Your browser does not support the video tag.