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VORELCO OF CALIFORNIA - AGREEMENT OCT 1982
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VORELCO OF CALIFORNIA - AGREEMENT OCT 1982
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11/5/2007 11:49:09 AM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
10/12/1982
LONG TERM AGREEMENTS - NAME
VORELCO OF CALIFORNIA
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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<br />any determination hereunder, including, without limitation, <br />the determination of the need for or form of an assessment <br />district or funding mechanism or the need for any facility, <br />improvement or study. <br />In the event the assessment mechanism appears to impose <br />economically infeasible levels of cost upon the project <br />site, the City agrees to explore alternate financing methods. <br />VII. PROJECT CONDITIONS <br />Nothing herein shall lessen any obligation of Developer <br />required as a condition of project approval. As a further <br />inducement to Developer to execute this agreement, the City <br />hereby confirms that, provided Developer does not breach <br />this agreement, it will impose no additional Developer <br />expenses for off-site improvements, studies or services as <br />conditions to Developer's development of the project site. <br />VIII. DEFAULT <br />In the event of any default in or breach of this agreement <br />by either party, such party (or successor) shall, upon <br />written notice from the other, proceed immediately to cure <br />or remedy such default. or breach and, in any event, within <br />sixty (60) days after receipt of such notice. In the event <br />such default or breach is not cured or remedied within said <br />sixty (60) days period, the aggrieved party may institute <br />such proceedings as may be necessary or desirable in its <br />opinion to cure and remedy such default or breach, including, <br />but not limited to, proceedings to compel specific. performance <br />by the party in default or breach of its obligations and, in <br />-6- <br /> <br />
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