Res 2012-033 - Laserfiche WebLink

Home Browse Search

Section 6.02. At all times until the City's rights to declare default against Owner have expired, the City will have access to the Property and the Project upon reasonable prior notice for the purpose of inspecting them to ensure that the Project is constructed, installed, maintained and used in accordance with the terms of this Agreement. ARTICLE VII DEFAULT, TERMINATION AND REMEDIES Section 7.01. The City Manager may declare a default under this Agreement if Owner: 1. fails to complete construction of the first building of the Project by the deadline in Section 2.02 above; 2. refuses, fails or neglects to comply with any of the terms of this Agreement; or 3. allows ad valorem taxes on the Property or improvements thereon or any other taxes, fees or charges owed to the City to become delinquent. Section 7.02. Default. If the City Manger determines that Owner is in default of this Agreement, the City may send Owner notice of such default. If such default is not either cured within 60 days after Owner's receipt of such notice or, if non - compliance is not reasonably susceptible to cure within 60 days, a cure begun within such 60 -day period and thereafter continuously and diligently pursued to completion (in either event, a "Cure "), then the City may, at its option, cease making Grant Payments until such Cure occurs or terminate this Agreement. The Grant Payment Term shall not be extended as a result of any cure period under this section. Section 7.03. The remedies set forth in this Agreement may be used in conjunction with one another or separately, and together with any other remedies at law or in equity available to the City. Any failure by the City to enforce this Agreement with respect to one or more defaults by Owner will not waive the City's ability to enforce the Agreement after that time. Section 7.04. Owner's Option to Terminate. If the City fails to budget and appropriate