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CC PACKET 05301989
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1989
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CC PACKET 05301989
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Last modified
12/30/2015 4:37:07 PM
Creation date
12/30/2015 4:36:53 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 05301989
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• with respect to, ownership in the Redevelopment Property or any <br /> part thereof , or any interest therein, however consummated or <br /> occurring and whether voluntary or involuntary, shall operate, <br /> legally or practically, to deprive or limit the HRA of or with <br /> respect to any rights or remedies or controls provided in or <br /> resulting from this Agreement with respect to the Redevelopment <br /> Property and the construction of the Minimum Improvements that <br /> the HRA would have had, had there been no such transfer or <br /> change. There shall be submitted to the HRA for review all <br /> legal documents relating to the transfer . <br /> In the absence of specific written agreement by the <br /> HRA to the contrary, no such transfer or approval by the HRA <br /> thereof shall be deemed to relieve Redeveloper, or any other <br /> party bound in any way by this Agreement or otherwise with <br /> respect to the construction of the Minimum Improvements, from <br /> any of its obligations with respect thereto . <br /> Section 8 .4 Information as to Ownership of <br /> Redeveloper . Redeveloper will promptly notify the HRA of any <br /> changes in the ownership of Redeveloper, or with respect to the <br /> identity of the parties in control of Redeveloper or the degree <br /> thereof, of which it has been notified or otherwise had <br /> knowledge. Redeveloper shall , at such time or times as the HRA <br /> may request, furnish the HRA with a complete statement, <br /> subscribed and sworn to by an officer of the Redeveloper, <br /> setting forth all of the owners of Redeveloper and the extent <br /> of their respective holdings . <br /> Section 8 . 5 Termination of Limitations on Transfer. <br /> All provisions contained in this Article 8 with respect to <br /> limitations on the ability of the Redeveloper to transfer the <br /> . Redevelopment Property or Minimum Improvements , or any portion <br /> thereof shall terminate with respect to the Minimum <br /> Improvements or individual townhouse units at such time as a <br /> Certificate of Completion has been issued by the HRA under <br /> Section 4 .4 of this Agreement with respect to all of the <br /> Minimum Improvement or the particular unit in question. All <br /> provisions contained in this Article 8 with respect to <br /> limitations on the Redeveloper making changes in its ownership <br /> structure -shall terminate at such time as a Certificate of <br /> Completion has been issued pursuant to Section 4 .4 with respect <br /> to all Minimum Improvements . <br /> -14- <br />
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