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6A(2)
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09-25-14 Redevelopment Commission Meeting
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6A(2)
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which expenses shall be reimbursed by the Commission, all in accordance with the Construction <br /> Management Agreement(as herein defined). <br /> 4.10 Non-Interference. Developer hereby agrees to use commercially reasonable <br /> efforts to minimize disruption for those living and working near the Hoffman Hotel Property <br /> during construction of the Project. <br /> 4.11 Grant of Easement. Developer agrees to take all actions necessary to grant the <br /> Easement to the Commission, as provided for in Section 3.5 of this Agreement. <br /> 4.12 Insurance; Indemnity. Developer shall purchase and maintain, or cause to be <br /> purchased and maintained, Comprehensive General Liability Insurance as is appropriate for the <br /> work being performed with respect to the Project. Developer shall provide proof of such <br /> adequate insurance to the Commission and shall notify the City and the Commission of any <br /> change in or termination of such insurance. During the period of construction or provision of <br /> services regarding any Local Public Improvements, the City shall be named as an additional <br /> insured for the minimum amounts or greater when required by law as described in Exhibit E <br /> attached hereto and incorporated herein (but not on any worker's compensation policies). The <br /> Developer agrees to indemnify, defend and hold harmless the Commission from and against any <br /> third party claims suffered by the Commission resulting from or incurred in connection with the <br /> Local Public Improvements. <br /> 4.13 Public Announcements, Press Releases and Marketing Materials. Developer <br /> hereby agrees to (a) coordinate a Project "kick off' press release with the Commission, (b) <br /> coordinate a Project groundbreaking ceremony with the Commission, and (c) use commercially <br /> reasonable efforts to coordinate other significant public announcements with the Commission, <br /> subject, in each case, to any securities laws that would prevent Developer from engaging in such <br /> coordination. Developer agrees to allow the Commission to distribute and use Developer's <br /> marketing materials to promote the Project. <br /> 4.14 Information. Developer agrees to provide any and all due diligence items with <br /> respect to the Project reasonably requested by the Commission. <br /> SECTION 5. COMMISSION'S OBLIGATIONS. <br /> 5.1 Generally. The Parties acknowledge and agree that Developer's agreement to <br /> perform and abide by the covenants and obligations set forth in this Agreement is material <br /> consideration for the Commission's commitment to perform and abide by the covenants and <br /> obligations of the Commission contained in the Agreement. <br /> 5.2 Completion of Local Public Improvements. <br /> (a) The Commission hereby agrees to complete (or cause to be completed)the <br /> Local Public Improvements on a schedule to be reasonably determined and agreed to by <br /> the Commission and Developer, as may be modified due to unforeseen circumstances and <br /> delays. <br /> {20142670.DOCX} <br />
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