CC PACKET 07121988 - Laserfiche WebLink

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the Minimum Improvements ; (e) provide for demolition of existing buildings ; (f) provide for minimum disturbance to neighboring properties during demolition of the existing buildings and construction of the Minimum Improvements; (g.) do not provide for expenditures in excess of the funds available to Redeveloper for the demolition of existing buildings and construction of the Minimum Improvements ; and (h) no Event of Default has occurred. No approval by the HRA shall relieve Redeveloper of the obligation to comply with the terms of this Agreement, the terms of the Redevelopment Plan, applicable federal, state and local laws, ordinances , rules and regulations, or to properly demolish the existing buildings or construct the Minimum Improvements . No approval by the HRA shall constitute a waiver of an Event of Default . Any disapproval of the Construction Plans shall set forth the reasons therefor, and shall be made within 45 days after the date of their receipt by the HRA. If HRA rejects the Construction Plans , in whole or in part, Redeveloper shall submit new or corrected Construction Plans within 30 days after written notification to Redeveloper of the rejection. The provisions of this Section relating to approval , rejection and resubmission of corrected Construction Plans shall continue to apply until the Construction Plans have been approved by HRA. • Section 4 . 3 Commencement and Completion of Construction. (a) As soon as reasonably possible after conveyance to Redeveloper, and subject to Unavoidable Delays, Redeveloper shall have the .existing buildings on the property demolished and shall have all debris removed, all in accordance with the HRA' s demolition specifications . Redeveloper will thereafter provide the HRA with a statement in form and detail reasonably satisfactory to the HRA showing the costs of such work. HRA shall reimburse Redeveloper for such costs, but payment of such demolition costs by the HRA shall not exceed $90, 000 . No reimbursement shall be made until all demolition and debris removal has been completed. (b) Subject to Unavoidable Delays, Redeveloper shall commence construction according to the Time Table or on such other date as the parties shall mutually agree. Subject to Unavoidable Delays , Redeveloper shall complete construction of the Minimum Improvements in accordance with the Time Table. All work with respect to the Minimum Improvements shall be in substantial conformity with the Construction Plans approved by the HRA. Redeveloper shall promptly begin and diligently prosecute to completion the redevelopment of the Redevelopment -10-