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AG 2001 11 19
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AG 2001 11 19
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Last modified
3/25/2002 4:54:59 PM
Creation date
11/27/2017 11:46:27 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/19/2001
Board
Board of Commissioners
Meeting Type
Regular
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5.1 <br /> <br />approval; and (c) Developer shall have the full power and exclusive <br />control of the Property subject to the obligations of the Developer <br />set forth in this Agreement. <br /> <br />Default. <br /> <br />5.1.1 Events of Default. Developer is in default under this <br /> Agreement upon the happening of one or more of the <br /> following events or conditions: <br /> <br />]:f 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) <br /> <br />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) <br /> <br />Any other event, condition, act or omission which <br />materially interferes with the intent and objectives of <br />this Agreemeht. <br /> <br />5.1.2 Procedure upon Default. <br /> <br />(1) <br /> <br />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) <br /> <br />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 /> <br />
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