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6B(1)
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11-10-14 Rescheduled Meeting at Century Center Recital Hall
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6B(1)
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1 <br /> (d) The terms"include", "including"and"such as"shall each be construed as <br /> if followed by the phrase"without being limited to". <br /> 2.2 Recitals. The Recitals set forth above are a part of this Agreement for all <br /> purposes. <br /> SECTION 3. GRANT OF EASEMENT. <br /> 3.1 Giant of Easement. Company shall grant to the Commission a temporary non- <br /> 1 exclusive easement on, in, over and across the Company Property to permit the Commission to <br /> fulfill its obligations under this Agreement, including, but not limited to the construction, <br /> equipping and delivery of the Local Public Improvements (the "Easement") in such form as <br /> mutually agreed to between the Parties. The Easement shall (a) run with and burden the <br /> Company Property; (b) inure to the benefit of the Commission and its contractors acting on <br /> behalf of the Commission in connection with the construction, equipping and completion of the <br /> Local Public Improvements; (c) bind the Company (as owner of the Company Property) and its <br /> grantees, successors and assigns; and (d) terminate upon completion of the Local Public <br /> 9 <br /> Improvements. <br /> SECTION 4. COMPANY'S OBLIGATIONS. <br /> 4.1 Generally. The Parties acknowledge and agree that the Commission's agreements <br /> g to perform and abide by the covenants and obligations set forth in this Agreement are material <br /> consideration of Company's commitment to perform and abide by the covenants and obligations <br /> 1 of Company contained in this Agreement. <br /> 4.2 The Project. <br /> (a) Company shall complete the improvements to the Company Property set <br /> i forth on Exhibit B attached to this Agreement and made a part hereof which <br /> Iimprovement shall comply with all zoning and land use laws and ordinances. <br /> (b) Company shall construct or cause to be constructed each portion of the <br /> improvements being funded by the Private Investment by the date or dates set forth on <br /> Exhibit B corresponding to such portion of the improvements. <br /> A <br /> I4.3 Private Investment. Company agrees to a Private Investment Commitment for the <br /> Project of Ninety Thousand and 00/100 Dollars ($90,000.00) and other valuable consideration, <br /> as more particularly described in Exhibit B which amount Company shall use commercially <br /> reasonable efforts to invest in the development and construction of the Project, whether through <br /> equity, debt, and/or third-party investment. <br /> 4.4 Cooperation. Company and Commission each agree to endorse and support the <br /> j other party's efforts to expedite the Project through the required planning, design, permitting, <br /> 1 waiver, and related regulatory processes. <br /> 1 <br /> 1 <br /> s <br /> i <br /> j <br /> 1 <br /> A <br /> I <br />
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