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04-11-2022 EDA
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04-11-2022 EDA
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Last modified
1/29/2025 9:15:11 AM
Creation date
4/7/2022 1:43:55 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
4/11/2022
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
4/11/2022
EDA Document Type
Packets
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DRAFT 4.5.2022 <br />including but not limited to all claims of any kind arising out of the negotiation, Developer <br />consideration, execution and performance of this Agreement between the parties. Nothing <br />contained in this Section 30 is intended to prevent the exercise of any rights available pursuant <br />to this Agreement. <br />31. Modifications and Waivers. No purported amendment, modification or waiver of any <br />provision of this Agreement shall be binding unless set forth in a written document signed <br />by both the EDA and the Developer (in the case of amendments or modifications) or by <br />the party to be charged thereby (in the case of waivers). Any waiver shall be limited to the <br />circumstance or event specifically referenced in the written waiver document and shall not <br />be deemed a waiver of any other term of this Agreement or of the same circumstance or <br />event upon any recurrence thereof. <br />32. Restrictions on Use. The Developer agrees that prior to the issuance of a Certificate of <br />Completion and Release of Forfeiture, the Developer and its successors and assigns: (a) <br />shall use the Property solely for the purpose of constructing and operating the Minimum <br />Improvements pursuant to the terms of this Agreement; (b) shall not discriminate upon the <br />basis of race, color, creed, sex, national origin, or any other classification prohibited by law <br />in the lease, rental, use or occupancy of any portion of the Minimum Improvements on the <br />Development Property or any improvements erected or to be erected thereon, or any part <br />thereof; and (c) shall otherwise comply with the restrictions on use set forth in this <br />Agreement. <br />33. Entire Agreement. This Agreement constitutes the entire agreement between the parties <br />pertaining to its subject matter and it supersedes all prior contemporaneous agreements, <br />representations, and understandings of the parties pertaining to the subject matter of this <br />Agreement. This Agreement may be modified, amended, terminated, or waived, in whole <br />or in part, only by a writing signed by all of the parties. <br />34. Use of Broker. Mark Hulse and Douglas Harris with RE/MAX Results Commercial Group <br />are the sole brokers in this transaction. Buyer shall pay three percent (3%) commission of <br />the total sales price to broker. Buyer shall defend, indemnify and hold the Authority <br />harmless from any brokerage fees or claims made against the Authority. <br />35. Recording. The EDA may record this Agreement and any amendments thereto among the <br />County land records. <br />36. Assignment. The Developer may not assign any of its obligations under this Agreement <br />without the prior written consent of the Authority. <br />37. No Additional Waiver Implied by One Waiver. hi the event any covenant or agreement <br />contained in this Agreement should be breached by either party and thereafter waived by the <br />other party, such waiver shall be limited to the particular breach so waived and shall not be <br />deemed to waive any other concurrent, previous or subsequent breach hereunder. <br />17 <br />DOCSOPEN\MU205\53\788760.v5-4/5/22 <br />
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