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CC PACKET 09261989
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CC PACKET 09261989
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Last modified
12/30/2015 4:39:34 PM
Creation date
12/30/2015 4:39:14 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 09261989
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(d) Redeveloper has received no notice or • <br /> communication from any local, state or federal official that <br /> the activities of Redeveloper or HRA in the Project Area may be <br /> or will be in violation of any environmental law or regulation . <br /> Redeveloper is aware of no facts the existence of which would <br /> cause it to be in violation of any local , state or federal <br /> environmental law, regulation or review procedure. <br /> (e) The Soils Corrections are estimated to cost from <br /> $ to $ <br /> i (f) . Redeveloper is* ready, willing and able to acquire <br /> the Redevelopment Property. <br /> (g) Subject to Unavoidable Delays , Redeveloper will <br /> complete the Minimum Improvements according to the Time Table . <br /> (h) Neither the execution or delivery of this <br /> Agreement, the consumation of the transactions contemplated <br /> hereby, nor the fulfillment of or compliance with the terms and <br /> conditions of this Agreement is prevented by, limited by, <br /> conflicts with, or results in a breach of, any restriction, <br /> agreement or instrument to which Redeveloper is now a party or <br /> by which it is bound . <br /> ARTICLE 3 <br /> Acquisition and Use of Redevelopment Property; <br /> Indemnity Agreement <br /> Section 3 . 1 Purchase. Redeveloper agrees to purchase <br /> the Redevelopment Property so as to perform its obligations <br /> according to the Time Table and otherwise in accordance with <br /> this Agreement . <br /> Section 3 . 2 Use. Redeveloper ' s use of the <br /> Redevelopment Property shall be subject to all of the <br /> conditions , covenants , restrictions and limitations imposed by <br /> the Redevelopment Plan, this Agreement , the Restrictions and <br /> all applicable laws, ordinances and regulations . <br /> Section 3 . 3 Declaration of Restrictions . Redeveloper <br /> shall prepare, execute, and record on the title to the <br /> Redevelopment Property a Declaration of Covenants and <br /> Restrictions , in form approved by the HRA, which includes the <br /> Restrictions set forth on Exhibit B. <br /> Section 3 .4 Indemnity Agreement . Redeveloper - shall <br /> execute the Indemnity Agreement and shall cause the Indemnity <br /> Agreement to be executed by Bruce A. Nedegaard, and shall <br /> deliver the Indemnity Agreement to the HRA simultaneously with • <br /> the execution and delivery of this Agreement by the Redeveloper . <br /> -6- <br />
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