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05-23-1994 EDA
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05-23-1994 EDA
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Last modified
3/3/2025 6:51:18 AM
Creation date
3/13/2012 12:36:28 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
1/1/1994
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- _,_ � - -��. _ <br />._ / <br />-_/ <br />� <br />Authority, the Developer shall submit the proposed change to <br />the Authority for its approval or rejection pursuant to this <br />Section. A proposed change in the Construction Plans shall be <br />deemed approved unless rejected by the Authority in writing <br />within 10 working days of submission thereof with a statement <br />of the Authority's reasons for such rejection. <br />Section 3.4. Certificate of ComAletion. <br />(a) Promptly after completion of the Improvements in <br />accordance with the provisions of this Agreement, and upon <br />written request made to the Authority, the Authority will <br />execute the Certificate of Completion in the form attached <br />hereto as Exhibit C, which shall then be a conclusive <br />determination of satisfaction and termination of the <br />agreements and covenants in this Agreement with respect to the <br />completion of the Improvements. The following shall be <br />conditions precedent to the Authority's obligation to execute <br />the Certificate of Completion: <br />(i) There shall exist no Event of Default <br />hereunder, and the Improvements shall have been <br />completed in substantial conformity to the terms of <br />this Agreement; <br />(ii) The City shall have issued a Certificate <br />of Occupancy for the Improvements; and <br />(iii) Multi-Tech shall have accepted and <br />occupied the Improvements or indicated in writing <br />its acceptance of the Improvements and its <br />intention to occupy them. <br />(b) If the Authority determines that it cannot execute <br />the Certificate of Completion, it shall, within 20 days after <br />written request therefor, provide a written statement <br />indicating in adequate detail why it cannot do so and also <br />indicating what measur,es or acts it will be necessary to be <br />taken or performed in order to permit execution of the <br />Certificate of Completion. <br />262545 .1 3 - 4 <br />
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