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SECTION 2: MOU. <br /> <br /> Upon execution of this Agreement (which is the "Business Agreement" referred <br />to in the MOU), the terms of the MOU are incorporated herein as if fully set forth in the <br />text of this Agreement. Accordingly, the fights, duties and obligations described in the <br />MOU are binding upon the respective parties without further documentation but subject <br />to the following clarifications contemplated by the temps of the MOU: <br /> <br /> (a) Access Road. It is currently contemplated by the Developer that the <br />"Access Road" will be constructed by the Developer as part of the Project in accordance <br />with the specifications for fights-of-way and construction of the City of Concord. At any <br />time during the term of this Agreement, the Developer may elect to dedicate the Access <br />Road to the City in which event the City agrees to accept the Access Road as a public <br />road .and for public maintenance. From and after the date of such dedication, the City <br />will be responsible for all maintenance of the Access Road. If the Access Road remains a · <br />pfivate road-way, the Developer will grant to the City a permanent non-exclusive access <br />easement for ingress and egress in accordance with the MOU. <br /> <br /> City Obligations. The MOU provides that this Agreement shall show in <br /> <br /> (b) <br /> <br />reasonable detail <br />"Obligations". <br /> <br /> (1) <br /> <br />the exact nature, timing and method of performance of the <br /> <br />Construction of Public Improvements. The City has agreed to <br /> <br />provide pursuant to the terms of the MOU certain Public Infrastructure Improvements <br />("Improvements"). The City's obligation to construct the Improvements shall become <br />effective upon execution of this Agreement. The City agrees to promptly commence and <br />use its best efforts to diligently complete construction of the Improvements. The City <br />shall endeavor in good faith and use its best efforts to cooperate and coordinate the <br /> <br />Filcname - Sh°larmingLlncentiv¢ Grant Agreement.doc <br /> <br />-4- <br /> <br />Revised 12/18/98 <br /> <br /> <br />