CC PACKET 10131987 - Laserfiche WebLink

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subject to approv.al .of. the City and any---private'. utility company .involved. . Except for .public. improvements which are assessable -by : the City or other gove'rnmental �bod.y :against o.ther 'benefited properties; all street and utility installations, ,relocations, ' altera.tio.ns and restorations shall. be at Redeveloper ' s expense and without expense to - the City or the HRA. Redeveloper . acknowledges that certain utilities in existing easements may need to be relocated -at Redeveloper ' s expense. Redeveloper - at its- own expense shall replace any .public facilities or utilities damaged during demolition or' construction. Section 4 .4 Certificate-" of Completion. (a) Promptly after completion of the Minimum Improvements. in accordance with this Agreement, Redeveloper will provide the HRA with a certificate of substantial completion from Redeveloper ' s architect, and the HRA will furnish Redeveloper with an appropriate Certificate of Completion as conclusive evidence of satisfaction and termination= of the agreements and covenants of this Agreement and the Deed (except as to the restrictions in the Deed which expressly survive the filing of the Certificate of Completion) with respect to the obligations of Redeveloper to construct the Minimum Improvements in that Phase. The Certificate of Completion shall not constitute evidence of compliance with or • satisfaction of any obligation of Redeveloper to ' any Mortgagee. (b) If the HRA shall refuse or fail to provide a Certificate of Completion, the HRA shall; within 15 days after written request by Redeveloper, provide Redeveloper with a written statement specifying in what respects Redeveloper has failed to complete the Minimum Improvements in accordance with this Agreement, or -is otherwise in default, and what measures oz acts will be necessary, in the opinion of the HRA, for Redeveloper to obtain the Certificate of Completion. (c) The construction of the Minimum Improvements will be deemed subs-tantially- completed when the City has issued a certificate of occupancy for the all of the Minimum Improvements and has made a finding that the improvements conform to the Construction Plans . Section 4 . 5 Security for Performance . (a) , If Redeveloper (i) fails to submit Construction Plans which conform to the Proposal, or fails to submit proof that the Redeveloper •ha-s completed .the Refunding, which -Plans and proof are approved by the HRA, in the time periods required; (ii,) fails to accept the Deed and''pay the Purchase Price as .required under this Agreement ; or (iii) fails -to • -11-