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AG 2002 07 22 (Regular)
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AG 2002 07 22 (Regular)
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Last modified
3/2/2006 5:01:32 PM
Creation date
11/27/2017 11:43:40 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/22/2002
Board
Board of Commissioners
Meeting Type
Regular
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5.1.2 <br /> <br />(1) If a warranty, representation or statement made or~ <br /> furnished by Developer to Cabarrus County is false or <br /> proves to have been false in any material respect when <br /> it was made; <br /> <br />(2) A finding and determination made by Cabarrus County <br /> following a periodic review that upon the basis of <br /> substantial evidence the Developer has not complied in <br /> good faith with one or more of the terms or conditions <br /> of this Agreement. <br /> <br />(3) Any other event, condition, act or omission which <br /> materially interferes with the intent and objectives of <br /> this Agreement. <br /> <br />Procedure upon'Default <br /> <br />(1) Upon the occurrence of default, County shall give <br /> Developer (the "defaulting party") thirty (30) days <br /> written notice specifying the nature of the alleged <br /> default and, when appropriate, the manner in which <br /> said default may be satisfactorily cured. After proper <br /> notice and expiration of said thirty (30) daY cure period <br /> without cure, Cabarrus County may terminate or amend <br /> this Agreement in accordance with the procedure <br /> adopted by Cabarrus County. Failure or delay in giving <br /> notice of default shall not constitute a waiver of any <br /> default, nor shall it change the time of default. <br /> <br />(2) Cabarrus County does not waive any claim of defect in <br /> performance by .Developer, if on periodic review <br /> Cabarrus County does not propose to modify or <br /> terminate this Agreement. <br /> <br />(3)'Non-performance shall not be excused because of a <br /> failure of a third person. <br /> <br />(4) An express repudiation, refusal or renunciation of the <br /> contract, if the same is in writing and signed by the <br /> Developer, shall be sufficient to terminate this <br /> Agreement and a hearing on the matter shall not be <br /> required. <br /> <br />9 <br /> <br /> <br />
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