Agenda Packets - 1987/12/14 - Laserfiche WebLink

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the City shall relieve the Redeveloper of the obligation to comply with the terms of this Agreement, the terms of the Program, the Development Agreement, applicable federal, state and local laws, ordinances, rules and regulations, or to construct the Minimum Improvements In accordance therewith. No approval by the City shall constitute a waiver of an Event of Default. if approval of the Construction Plans is requested by the Redeveloper in writing at the tine of submission, such Construction Plans shall be deemed approved unless rejected in writing by the City, in whole or In part. Such rejection shall set forth in detail the reasons therefor, and shall be made within forty five (45) days after the date of their receipt by the City unless the Construction Plans must be submitted to the City's Planning Commission as a result of changes from the Design Stage Plans approved in connection with the City's Planned Unit Development approval. If the City rejects any Construction Plans in whole or in part, the Redeveloper shall submit new or corrected Construction Plans within thirty (30) days after written notification to the Redeveloper of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Construction Plans shall continue to apply until tie Constnict!on Plans have been approved by the City: Provided, that in any event the Redeveloper shall submit Cvnstruetlon Plana for a Phase which are approved no later than the date of acquisition by the City of the Parcel of the Redevelopment Property upon which the Phase is to be constructed. The City's approval shall not be unreasonably withheld. Said approval shall constitute a conclusive determination that the Construction Plans (and the Phase, constructed in accordance with said plans) comply to the City's satisfaction with the provisions of this Agreement relating thereto. The Construction Plans shall not be rejected due to any objection which could have been raised upon review of the Preliminary Plans and corrected more economically at that time. k- (c) if the Redeveloper desires to make any change in the Preliminary Plans or Construction Plans after their approval by the city, the Redeveloper snall submit the proposed change to the City for its approval. If the Preliminary Plans or Construction Plans, as mo:ifled by the proposed change, conform to the requirements of this Section 4.2 of this Agreement with respect to such previously approved Construction Plans, the City shall approve the proposed change and notify the Redeveloper In writing of its approval. Such change in the Preliminary Plans or Construction Plans shall, in any event, be deemed approved by the City unless rejected, in whole or In part, by written notice by the City to the Redeveloper, sotting forth in detail the reasons therefor. Such rejection shall be made within ten (10) days after receipt of the notice of such change. Section 4.3. Commencement and Completion of Construction. (a) Subject to Unavoidable Delays, the Redeveloper shall cause construction of the first Phase of Minimum improvements to be commenced (1) by April 1, 1988, or (11) on such other date as the parties shall mutually agree in writing. Subject to Unavoidable Delays, the Redeveloper shall have substantially completed the construction of the final Phase of the Minimum improvements by January 1,j19911 In addition, subject to Unavoidable Delays es they pertaln to any particular Phase, the Redeveloper shall have substantially completed construction of such Minimum Improvements by January 2 of the following years so that the Minimum Improvements will have the following aggregate cumulative As..essor's Minimum Market Values in such years: 18