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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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9.3 This Agreement may also be terminated by the City upon <br />seven (7) days' written notice should the Development Manager <br />be adjudged a bankrupt (and an appeal or motion to set aside is <br />not pending), or make a general assignment for the benefit of <br />creditors or should a receiver be appointed because of its in- <br />solvency, and such adjudication, assignment or appointment of a <br />receiver is not cured, without prejudice to any other right or <br />remedy the City may have. <br />9.3.1 In the event of such termination, the City may with- <br />hold payment of the amounts due the Development Manager, pending <br />a determination of the damages, if any, resulting from such <br />adjudication, assignment or appointment of a receiver. <br />- 24 - <br />
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