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CCP 07-27-2010
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CCP 07-27-2010
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12/21/2018 11:35:09 PM
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7/23/2010 2:11:45 PM
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• duly authorized the execution, delivery, and performance of Itis Agreement by <br />action of its City Council. <br />(b) The City shall use reasonable efforts to obtain all federal, state, and regional land <br />use, enviromnental or other regulatory approvals necessary to implement the <br />redevelopment of the Redevelopment Property. <br />(c) There are no pending or threatened legal proceedings of which the City is aware <br />which, if successful, would threaten the economic viability of to City or the <br />validity or enforceability of this Agreement or which would restrain or enjoin the <br />transactions contemplated by this Agreement. <br />Section 2.3 Survival of Representations. All of the foregoing representations and <br />warranties shall survive the [amination of Us Agreement. <br />ARTICLE M <br />THE REDEVELOPER'S REDEVELOPMENT SERVICES <br />Redeveloper shall provide the following services to the City, subject to Article VIR <br />hereof <br />• Section 3.1 Consulting Services. Redeveloper shall consult with the City in the City's <br />efforts to obtain all federal, state, and regional land use, environmental and other regulatory <br />approvals necessary to implement the redevelopment of the Redevelopment Property. <br />Redeveloper's consulting services shall be provided stand such date it is apparet that <br />Redeveloper will be entitled to reimbursement often Ryan Fees pursuant to Article VIII hereof. <br />Section 3.2 Ryan Fees. Redeveloper, with approval by the City both as to specific find <br />parry vendors and then budgets, shall retain engineering and other prof sional services <br />necessary to prepare an engineering feasibility, and AOAR for the Redeveloper's proposed <br />redevelopment of the Redevelopment Property and pay all out-of-pocket expenses related thereto <br />(the "Ryan Fees'). Notwithstanding anything to the contrary in this Agreement, Redevelops <br />shall not be reimbursed Ryan Fees in excess of the lesser of Two Hundred Thousand Dollars <br />(5200,000) and the amount reasonably approved is writing by the City. <br />ARTICLE IV <br />OBLIGATIONS OF CITY <br />Section 4.1 Cite Obligations and Uodertakiues. The City agrees as follows: <br />• (a) Subject to Section 4.2, the City shall take ressonable steps consistent with its <br />statutory, authority to initlaze and complete or cause to have completed on a timely <br />
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