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6B(1)
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08-06-10 Packet
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6B(1)
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7.8. The Commission shall erect a sign on the Property stating that the <br />Remediation Work is being financed in part by RLF Loan Funds and the City and <br />providing the appropriate contacts for obtaining information on activities being <br />conducted at the site and for reporting suspected criminal activities. The sign erected on <br />the Property shall comply with all requirements of the state and local law applicable to <br />on-premise outdoor advertising as well as 40 CFR Part 35, Subpart O <br />(§35.6105(a)(2)(ii)). <br />7.9. If the Commission sells or transfers the Property prior to completion of the <br />Remediation Work, then the Commission shall immediately repay the entire amount of <br />Project Loan Funds advanced to the Commission to the City. <br />7.10. The Commission shall: <br />7.10.1. Notify the City when the Remediation Work is complete. The <br />notice shall contain certification or documentation that the Remediation Work is <br />complete and has been performed in accordance with the terms of this Agreement. <br />This notice shall summarize the actions taken, the resources committed and the <br />problems encountered in completion of the Remediation Work, if any, and shall <br />be submitted to the City for review and approval before it is finalized. <br />7.10.2. Perform all of its obligations and agreements under this <br />Agreement, the Cooperative Agreement and any other agreements or instruments <br />to which the Commission is a party and which relate to the Project Loan Funds <br />and the Remediation Work. <br />7.10.3. Promptly give notice in writing to the City of any litigation <br />pending or threatened against the Commission or the Property arising from the <br />performance of the Remediation Work. <br />8. Inspection and Right to Stop Work. The City shall have the right, but not the <br />obligation, to enter the Property and inspect the Remediation Work at all times during the <br />execution of the Work in accordance with the Plan, and within 30 days following <br />completion of the Work. <br />8.1. The City shall select a "Site Manager' to review, oversee and inspect the <br />work in coordination with the Project Manager. <br />8.2. The City may stop the Remediation Work if it is not satisfactory or not <br />substantially in accordance with the Work Plan and order Remediation Work replacement <br />at the Commission's expense. <br />8.3. The City is not obligated to make any disbursements unless and/or until all <br />Remediation Work is satisfactorily completed and in accordance with the Work Plan as <br />reasonably determined by the City and Site Manager. <br />8.4. The City shall have the right, but not the obligation, to take any reasonable <br />and appropriate action under the circumstances to cure any violation for the provisions of <br />8 <br />
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