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Redevelopment Commission Agenda & Packet 02.13.25
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Redevelopment Commission Agenda & Packet 02.13.25
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2/11/2025 11:18:35 AM
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Dept of Community Investment
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16 <br /> <br /> <br />EXHIBIT D <br />Description of Local Public Improvements <br />The Commission will complete, or cause to be completed, the following work in <br />accordance with the terms and conditions of this Agreement and in compliance with all applicable <br />laws and regulations: <br />• Reconstruction of the roof; <br />• Installation of windows; <br />• Reconnecting of utilities; and <br />• Rehabilitation and reconstruction of the historic masonry, including tuck pointing. <br />It is understood between the Parties the Commission shall not have any obligation to <br />undertake any of the Local Public Improvements until the Developers assume ownership <br />of the Developer Property. It is further understood by the Parties that once ownership is <br />assumed by the Developers, the Commission will contribute an amount not to exceed the <br />Funding Amount specified in Section 1.3 of this Agreement for the Local Public <br />Improvements. The Developers shall have the sole responsibility to fund any and all costs <br />associated with Local Public Improvements which exceeds the Funding Amount. Any and <br />all costs associated with improvements not explicitly described above and not approved <br />pursuant to Section 4.9 (“Specifications for Local Public Improvements”) or that require <br />funding above the Funding Amount are the sole responsibility of the Developers. <br />
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