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value office fees so waived iftbis payment is not timely made. <br /> <br /> Section 5.05. At the time this Agreement is fully performed by Global Rock, and upon the <br /> wrillen requesl of Global Rock, lhe City Manager will execute a cm~ificale in recordable fom~ staling <br /> this Agreement has been performed, and Global Rock will be released of all fmaher duties or <br /> obligations under this Agreemenl. <br /> <br /> Section 5.06. The City reserves lhe so]e discretion 1o choose among the remedies for defaull <br /> enumeraled in Sections 5.01 l]~ougb 5.04 above. These remedies may be used in conjunction with <br /> one another or separalely, and logelher wilh any other slalulory or common law remedies available <br /> m the City. Any failm-e by the Cily Io enforce lbis Agreement with respect Io one or more defaults <br /> by Global Rock wJJl nol waive Ihe CJly's abJJhy Io enforce Ibc agreemenl after lhal lime, <br /> <br /> PART 6. ECONOMIC INCENTIVES PROVIDED BY THE CITY <br /> <br /> Seelion 6.01. As partial consideration for Ibe conslrucl~on oflbe Building and the creation <br /> of the jobs by Global Rock described in Parl 2 above, the City agrees Io provide the following <br /> incemives and benefits to Global Rock: <br /> <br /> I. The CiIy agrees ~o waive all Chy fees (the "Fee Waiver") associated whh zoning, the <br /> subdivision process, and building permits and inspections associaled with lbe <br /> reconslruclion, renovalion and remodeling oflhe Building. The Fee Waiver does not <br /> exlend IO waler and waslewaler impact fees cbarged by/be City. <br /> <br /> 2. The City agrees 1o expedile the process for all bearings, reviews, inspeclions and <br /> contacts with City smffin order to ensure the timely comp/et/on of the construct/on <br /> process. <br /> <br /> 3. The City agrees to consider any other reasonable requests made by Global Rock in <br /> order lo assisl il in reconslructing, renovating and remodeling the Building. <br /> <br /> PART 7. EFFECT OF SALE, ASSIGNMENT OR LEASE OF PROPERTY <br /> <br />Section 7.01. Tbe Tax Abalement w/il be assignable 1o each new owner of the Property, or <br /> lO financing entilies in the evenl third party financing is sought, for the balance of the lerm of this <br /> Agreement. Transfers which result in a continuation of the business in the same general manner as <br /> operaled under Global Rock m'e consenled ~o and do not require fm~ber City Council approval; in <br /> this case, Global Rock or its successm' will give wriuen notice ~o the City within 10 days after the <br /> transaction, and Global Rock will be released of any further duties or obligations under this <br /> <br /> <br />