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Authorizing the execution of a development management agreement with Gerald D. Hines interests
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Authorizing the execution of a development management agreement with Gerald D. Hines interests
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4/25/2017 4:12:31 PM
Creation date
3/13/2017 10:47:37 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/11/1978
Ord-Res Number
642-78
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pursuant to Article 4 hereof after the ninetieth (90th) day shall <br />be computed in accordance with Section 3.2 hereof. <br />3.9 No deductions shall be made from the Development Manager's <br />compensation for Basic Services, Additional Services, Reimbursable <br />Expenses or Termination Expenses because of penalties, liquidated <br />damages. or other sums withheld from payments to contractors. <br />3.10 A payment due the Development Manager which is unpaid for <br />more than sixty (60) days from the date of billing shall bear <br />interest at the rate of ten (10) percent per annum unless a valid <br />reason exists for withholding such payment. <br />- 7 - <br />
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