Laserfiche WebLink
Upon receipt of any such form,the City may notify the Developer in writing of any questions that <br /> the City may have with any of the information provided by the Developer, and the Developer shall <br /> diligently work in good faith to respond to such questions to the City's reasonable satisfaction. <br /> The requirements of this Section do not prohibit the City from providing a reimbursement to the <br /> Developer for sales tax on materials sourced to the Land prior to the opening of the Hotel, if the <br /> Developer submits such request for reimbursement on a form substantially similar to the form <br /> attached hereto as Exhibit"D." <br /> Section 7.03. Review of Developer Records. The Developer agrees that the City will <br /> have the right to review the business records of the Developer,as reasonably necessary,that relate <br /> to the Developer's compliance with the terms of this Agreement at any reasonable time and upon <br /> at least seven (7) days' prior notice to Developer in order to determine compliance with this <br /> Agreement. To the extent reasonably possible,the Developer shall make all such records available <br /> in electronic form or otherwise available to be accessed through the internet. The business records <br /> contemplated in this provision do not include any records of the Developer that are entirely <br /> unrelated to the calculation of the Chapter 380 Payments. <br /> ARTICLE VIII <br /> DEFAULT, TERMINATION AND REMEDIES <br /> Section 8.01. Default and Termination. If the Developer is not in compliance with this <br /> Agreement, and such non-compliance continues without cure for a period of sixty (60) days after <br /> the City's written notice thereof to the Developer, then the City may, in its sole discretion, as its <br /> sole remedy under this Agreement therefor,except as modified by other agreement terms,withhold <br /> the Chapter 380 Payments that would otherwise be due to the Developer for the year during which <br /> the noncompliance occurred. If the City elects to withhold the Chapter 380 Payments for any such <br /> non-compliance, then the City shall nevertheless continue the Chapter 380 Payments for any <br /> 15 <br />