Agenda Packets - 1987/12/14 - Laserfiche WebLink

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Redeveloper and submitted to the City for the City's review and approval- Any �Soregoing documents shall be submitted to the City for its review changes 1n the and approval (c) Following the City's review and approval of the plans and or the Public nd subcontracts f Redevelopermallshprooeedcontracts ato let bids for contracts for the onstructiontof the Public Improvements in accordance with the statutory bidding and contractlug procedures applicable to the letting of contracts by municipalities. The City shall provide the Redeveloper with guidance as to such requirements. All bids submitted for the construction of the Public Improvements shall be subject to reshall view and appru..&I by the City. Subject to this section ant{Section 7.1(e), twith i whom the contractors, subcontractors and/or eons,ru_. �n ma the CIt upon tl�e Redeveloper Teas enfoo nternf invoices from contrasuch contractors any certifi atf°cu9 signed by th Red v the Ciy'o ect architect to the effect that the cats for which by the Redeveloper's p. j payment is being sought have been incurred in connection with the construction documents approved by the City. (d) Upon completion of the construction of the Public Improvements In tion, the City's obligations and liabilities with respect to accordance with this Sec the thereafter uhavennofthe liabilItyutoi the mRedeveloper orprovements al third parties resuLtting from l any defect in the construction of those port!ons of the Dublin improvements located on the Redevelopment Property. The Redeveloper agrees l indemnity, defand all andhold orecatusesmesst of ahe ction ntsoff tw"tsoever°nature and arisingagents, Outfrom of, or of any alleged defect In the construction of the Public purportedly arising out Improvements. Section 3.7. F''larcin{t Clty ActIvIties. (a) It Is understood and agreed by the parties that in lieu of other forms of security which may reasonably be requested by the City to secure the Redeveloper's performance under this Agreement, the Redeveloper is willing to Initially finance the C;ity's costs of acquisition of each Parcel of the or other Redevelopment byProper tha Redevel perthrouh the use of the to financeeconsttruction of thefunds Minimum funds obtained by Improvements. Without y Parcel of other the Redevelopmem Propertynis the expressly obligation to onacquirethe any conditioned upon the Redeveloper having provided funds to the C1ty in an amount ed ce City to be Incurred by the ity inecon connection withlthe acquisition Ofof thc� costs ithetParcel hSuch f nds shalt then be used by the City to finance its acquisition of the Parcel. The City agrees that it will, at the times specified in this Section 3.7, reimburse the Redeveloper for to the total amounts paid by the Redeveloper under this Section 3.7 of this Agreement, up amount of $2,622,468.00, which amount includes the amount provided to the City for its acquisition of the Johnson Parcel and amounts previously paid by the Redeveloper pursuant to the Contract for Deed; provided, that such amounts shall be Increased by anYJt which C[tyefor the construction ofReeveloper expends t which Publlc Impro uire land ement is necessary, as approved by theesign to ogram Avenue and Highway 10 as shown on the submitt d In connection with the Planed Unit DevelopmentApproval. SThe City's 13