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Reso 2010-1658
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Reso 2010-1658
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Last modified
6/3/2015 11:22:15 AM
Creation date
12/22/2010 11:09:07 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2010-1658
Date (mm/dd/yyyy)
12/16/2010
Description
Ground Lease/Dev Agmt/DesignBuild Agmt 4M Inv. Upscale Lifestyle Ctr
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<br />(ii) Within reasonable time but not later than thirty (30) days after submission by the <br />Tenant of any materials which require approval in accordance with the Review Process, the <br />Landlord, in writing, shall either approve such materials to be unacceptable. If the Landlord does <br />not notify the Tenant in writing within said thirty (30) day period of all specific respects in which <br />the same is unacceptable, such materials shall be treated as having been approved by the <br />Landlord, as will all elements within such submission which are not so specified as unacceptable. <br />In regard to any specific matters which the Landlord disapproves, the Tenant shall, within thirty <br />(30) days (or such additional time as may be requested by the Tenant and reasonably approved <br />by the Landlord) after the Tenant receives written notice of such disapproval, resubmit <br />appropriate material, altered in an effort to remove the basis for such disapproval. All <br />resubmissions and subsequent approvals or disapprovals thereof shall be made and given in <br />accordance with the procedure hereinabove provided for the original submission, until the <br />relevant materials shall be approved or shall be treated as having been approved by the Landlord <br />as set forth above, or until this Agreement has been terminated pursuant to the provisions hereof. <br /> <br />(iii) After the Final Plans and Specifications have been approved by the Landlord, the <br />Tenant shall not make or permit to be made any Major Alterations without the prior consent of <br />the Landlord. Tenant may make changes which do not constitute Major Alterations provided that <br />notices of any such changes are promptly given to the Landlord. In connection with the <br />foregoing, the parties contemplate and agree that submission and review of design and financial <br />materials will be a continuing process with the parties working cooperatively, expeditiously, <br />reasonably, and in good faith with respect to the design and implementation of the Project, <br />continually coordinating the same to the extent required or deemed advisable with the City of <br />Sunny Isles Beach. <br /> <br />(iv) Either party may notify the other that it deems any action or submission or <br />disapproval unreasonable or in bad faith, and describing the consequences of such action and <br />requesting accelerated review of the submission to ameliorate such consequences. Failure to give <br />written notice within thirty (30) days of any such action shall be deemed acquiescence in the <br />reasonableness thereof. Failure to make written protest of any notice within ten (10) days hereof <br />shall constitute acquiescence to the requested relief. <br /> <br />Section 9. Records. The Tenant shall keep complete, accurate, up-to-date and permanent <br />records of all changes made to the Improvements during the Term of this Lease, including <br />changes made to the Final Plans and Specifications during construction of the Improvements and <br />in connection with any alterations and additions constructed pursuant to Section 7 and shall <br />provide copies of such records to the Landlord. <br /> <br />Section 10. Design Documents. At all stages of the design process set forth in Section 8 <br />hereof, the Landlord shall have access to all design documents and technical backup information <br />supporting such documents. The Tenant shall disclose to the Landlord the existence of all design <br />contracts and other technical contracts, and all architectural, engineering or other contracts <br />entered into by the Tenant relating to the design of Major Alterations (including without <br />limitations all plans, specifications, renderings, engineering data, soul reports and other technical <br />documents) are hereby collaterally assigned, to the extent assignable, to the Landlord, subject <br /> <br />12 <br /> <br />U:\City Attorney\HANS\20 I 0 Documcllts\4m Investors\GROUND LEASE WORKING DRAFT 11.16.1 O.doc <br />
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