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RIDGE VIEW COMMONS - CONSTRUCTION LOAN
City of Pleasanton
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RIDGE VIEW COMMONS - CONSTRUCTION LOAN
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1/31/2011 3:55:16 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/27/1988
LONG TERM AGREEMENTS - NAME
RIDGE VIEW COMMONS
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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54954 <br />under the prevailing arbitration law. The award rendered by the <br />Arbitrators shall be final and judgment may be entered upon and <br />in accordance with applicable law in any court of competent <br />jurisdiction." <br />15. Add the following language to Section 9.3.1: <br />"9.3.1 The Owner, Owner's Representative, Architect and <br />Contractor will meet at the jobsite on about the 25th of each <br />month to review the Application for Payment. The Application <br />will be in sufficient detail to enable a thorough review on the <br />same day as the meeting." <br />16. Add a new Section 9.6.3 as follows: <br />"9.6.3 If Contractor disputes any determinaton by the <br />Architect or Owner's Representative with respect to any <br />Certificate for Payment, Contractor shall nevertheless <br />expeditiously continue to prosecute the Work. If the Architect <br />or Owner's Representative declines to certify payment and <br />withholds its Certificate for any reason, the Architect or <br />Owner's Representative will promptly notify the Owner in writing <br />of such reasons therefore." <br />17. Add a new Section 9.6.4 as follows: <br />"9.6.4 Owner shall not be deemed to be in breach of this <br />Contract by reason of the withholding of funds adequate to repair <br />or replace a deficient item provided the Architect and Owner's <br />Representative have approved the Owner's action or the Work in <br />question shall have been rejected by any governmental authority." <br />18. Add the following additional language to Section 9.9.2: <br />"9.9.2 In addition, neither the final payment nor the <br />remaining retained percentage shall become due until the <br />
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