HRA PACKET 12122023 - Laserfiche WebLink

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(a)Subject to Unavoidable Delays, the Phase I Redeveloper shall commence construction of Phase I of the Minimum Improvements by May 31, 2021. Subject to Unavoidable Delays, the Phase II Owner and Redeveloper shall commence construction of Phase II of the Minimum Improvements by January 1, 2025 Subject to Unavoidable Delays, the Phase I Redeveloper shall complete the construction of Phase I of the Minimum Improvements by April 1, 2023. Subject to Unavoidable Delays, the Phase II Owner and Redeveloper shall complete the construction of Phase II of the Minimum Improvements by January 1, 2027. All work with respect to the Minimum Improvements to be constructed or provided by the Redeveloper on the Redevelopment Property shall be in substantial conformity with the Construction Plans as submitted by the Redeveloper and approved or deemed approved by the Authority. 3.Miscellaneous. Except as amended by this Third Amendment, the Contract shall remain in full force and effect. Wherever in the Contract or any other instrument, reference is made to the “Contract” such reference shall be to the Contract, as amended by this Third Amendment. Upon execution, Phase II Owner and Redeveloper shall reimburse the Authority for all out-of- pocket costs incurred by the Authority in connection with negotiating, drafting and approval of this Third Amendment. Each party hereto represents and warrants to the other parties that such party has the requisite power and authority to enter into this Third Amendment; that all necessary and appropriate approvals, authorizations and other steps have been taken to effect the legality of this Third Amendment; that the signatories executing this Third Amendment are authorized to do so on behalf of such party; and that this Third Amendment is valid and binding upon and enforceable against such party. This Third Amendment may be executed in any number of counterparts, each of which shall be deemed an original. Facsimile or email copies of the signature pages to this Third Amendment shall be deemed to be originals for all purposes of this Third Amendment. [Remainder of the page left blank; signatures to follow]