Laserfiche WebLink
4 <br />4.6 Reporting Obligations. <br />(a) Upon the letting of contracts for substantial portions of the Project and again <br />upon substantial completion of the Project, the Developer hereby agrees to report to the <br />Commission the number of local contractors and local laborers involved in the Project, the <br />amount of bid awards for each contract related to the Project, and information regarding <br />which contractor is awarded each contract with respect to the Project. <br />(b) On or before June 30 and December 31 of each year until substantial <br />completion of the Project, the Developer shall submit to the Commission a report <br />demonstrating the Developer’s good-faith compliance with the terms of this Agreement. <br />The report shall include the following information and documents: (i) a status report of the <br />construction completed to date, (ii) an update on the project schedule, and (iii) an itemized <br />accounting generally identifying the Private Investment to date. <br />4.7 Submission of Plans and Specifications for Project. Promptly upon completion of <br />all plans and specifications for the Project, or changes thereto, and prior to the Commission’s <br />expenditure of the Funding Amount, the Developer shall deliver a complete set thereof to the City <br />Planner, or his designee, who may request revisions or amendments to be made to the same and <br />may approve or disapprove of such plans as they relate to the overall plan for the area and <br />neighborhood, if any. <br />4.8 Costs and Expenses of Construction of Project. The Developer hereby agrees to <br />pay, or cause to be paid, all costs and expenses of planning, construction, management, and all <br />other activities or purposes associated with the Project (including legal, architectural, and <br />engineering fees), exclusive of the Local Public Improvements, which shall be paid for by the <br />Commission by and through the Funding Amount subject to the terms of this Agreement. <br />4.9 Specifications for Local Public Improvements. The Developer will be responsible <br />for the preparation of all bid specifications related to the Local Public Improvements, and the <br />Developer will pay all costs and expenses of such preparation, provided, however, that if the <br />Commission pays any costs or expenses of such preparation, then the amount paid by the <br />Commission will be deducted from the Funding Amount. The Developer will submit all bid <br />specifications related to the Local Public Improvements to the City of South Bend Engineering <br />Department (the “Engineering Department”). The Engineering Department review the bid <br />specifications in accordance with City requirements or policies and may request revisions or <br />amendments to be made to the same. The Engineering Department may approve or disapprove <br />said bid specifications for the Project in its sole discretion based upon their conformance with such <br />City requirements or policies. The Commission shall not be required to expend the Funding <br />Amount unless the Engineering Department has approved of all bid specifications. <br />4.10 Non-Interference. Developer hereby agrees to use commercially reasonable efforts <br />to minimize disruption for those living and working near the Developer Property during <br />construction of the Project. <br />4.11 Insurance. The Developer shall purchase and maintain comprehensive insurance <br />coverage as is appropriate for the work being performed with respect to the Project. The Developer