My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
6C7 Renaissance District PH II
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2012
>
04-10-12 Packet
>
6C7 Renaissance District PH II
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/14/2014 10:57:18 AM
Creation date
4/9/2012 10:09:17 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
5. Commission Responsibility for the Incremental Cost of Handling Unsuitable <br />Materials at the Property_ The Commission agrees to reimburse Union Station for the <br />reasonable costs related to any construction activity by the Commission or Union Station in <br />order to adaptably reuse the Property which are necessary to comply with applicable <br />Environmental laws and regulations (the "Incremental Costs "), but only to the extent such <br />Incremental Costs would not be incurred by Union Station for preconstruction or construction <br />activities at another property which has not been used for industrial purposes or has no <br />environmental defects. The Commission shall have the right to review and approve any and all <br />activities or plans that may result in such Incremental Costs in order to minimize such <br />Incremental Costs, provided that if the Commission objects to any such activities, plans or <br />Incremental Costs, the Commission shall propose an alternative that is consistent with: a) all <br />applicable federal and Indiana laws, including without limitation, implementing regulations and <br />guidance; and b) Union Station's redevelopment and use of the Property. The Commission's <br />review of activities and plans that may result in Incremental Costs shall not exceed fifteen (15) <br />business days and approval shall not be unreasonably withheld. "Unsuitable materials" means <br />any materials that would not be reasonably expected to be found during an excavation for <br />preconstruction or construction activities at a Property that has not been used for industrial <br />purposes or has no environmental defects, including without limitation, contaminated soil or <br />groundwater. <br />6. Commission Responsibility for Additional Costs of Obtaining Comfort Letter. <br />The Commission shall reimburse Union Station for any additional costs, including without <br />limitation, environmental testing or other measures, deemed necessary by IDEM or the Indiana <br />Finance Authority Brownfields Program, either on the Property or off -site, as a condition for <br />granting the Comfort Letter to Union Station or as a necessary condition for Union Station to <br />maintain liability protections provided in the Comfort Letter_ <br />7. Assignment of Agreement to Affiliate. Union Station has notified Commission it <br />may assign this Agreement to an affiliate entity. The Commission, by executing this <br />Agreement, hereby consents to the Assignment of this Agreement from Union Station to an <br />affiliated entity. <br />8. Multiple Counterparts. This Agreement may be executed in multiple <br />counterparts, each of which shall be considered an original with counterparts signed by one <br />party when combined with counterparts signed by other parties to this Agreement constituting <br />an original contract. <br />9. Paragraph Headings. This Agreement shall be construed without reference to <br />paragraph headings which are inserted only for convenience of reference. <br />10. Controlling Effect of This Agreement. To the extent that any provision in this <br />Agreement conflicts with any provision of the Purchase Agreement, this Agreement shall <br />control. <br />
The URL can be used to link to this page
Your browser does not support the video tag.