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AG 1998 11 16
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AG 1998 11 16
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Last modified
3/25/2002 6:09:44 PM
Creation date
11/27/2017 11:52:51 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/16/1998
Board
Board of Commissioners
Meeting Type
Regular
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connection with such completion of such Improvements (which may include, but not be <br />limited to, terminating existing City contracts, paying termination fees, paying any <br />premiums/over-time associated with accelerating the construction schedule to meet the <br />scheduled completion dates for said Improvements). In the event that the Developer <br />exercises such right as aforesaid, 'the City will reimburse the Developer for all costs and <br />expenses incurred in connection with or related to the completion of the Improvements. <br />The City will make such reimbursement within 15-days after delivery of an invoice from <br />the Developer. The Developer and the City agree to use their best efforts to cooperate <br />and assist in the construction of said Improvements including, but not limited to, <br />obtaining (by the City)/granting (by the Developer) any easements (including temporary <br />construction easements) as may be necessary or appropriate for the construction of the <br />Improvements. In addition, upon request from the Developer, electric service for the <br />Project shall be provided by the City at a capacity sufficient for the Project acceptable to <br />the Developer. Pursuant to such, the Developer agrees that it shall purchase all electric <br />power from the City. <br /> <br /> (c) Commencement Date. The MOU provides that this Agreement will set <br />forth a mutually acceptable "Commencement Date". The parties agree that the <br />"Commencement Date" for the fiv. eoyear period for the Grants shall begin with the first <br />calendar [fiscal] quarter following the Developers' written notice to the City and the <br />County; provided, however, that the period for the Developer to make such an election <br />shall expire (or shall be deemed delivered as provided in the following sentence) twelve <br />(12) months after the "Grand Opening" of the Project to the public ("Grand Opening" <br />shall mean the date on which the Concord Marriott opens to the public the 300 rooms for <br /> <br />Filename - S\PlanningXlncentive Grant Agreement.doc <br /> <br />-6- <br /> <br />Revised I I/9~g <br /> <br /> <br />
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