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Reso 2011-1749
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Reso 2011-1749
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Last modified
8/19/2013 2:24:28 PM
Creation date
7/22/2011 3:25:33 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2011-1749
Date (mm/dd/yyyy)
07/21/2011
Description
Approving a Ground Lease and Dev. Agreement w/4M Investors, LLC
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<br />16.2 Termination for Reasons Other Than Breach of the Agreement: <br /> <br />16.2.1 Upon seven (7) days written notice to CONTRACTOR, CITY may, with <br />cause, without liability of any kind and without prejudice to any other right or remedy, terminate <br />this agreement for CITY'S reasons that are other than a breach of this Agreement. In such a case, <br />the reasons should be clearly stated and shall be capable of cure by CONTRACTOR. Said written <br />notice shall provide CONTRACTOR with a reasonable time in which to cure the reason(s) for the <br />termination. This provision is different from the right to terminate set out in other parts of this <br />Agreement. Where the agreement is terminated for these reasons, the notice of termination to <br />CONTRACTOR must state that the Agreement is being terminated for the stated reason(s) under <br />the termination clause and the effective date of the termination if not cured by CONTRACTOR. <br />Upon receipt of the notice of termination and a failure to cure by CONTRACTOR, <br />CONTRACTOR shall promptly discontinue all Work at the time and to the extent indicated on the <br />notice of termination, terminate all outstanding Subcontractors and purchase orders to the extent <br />that they relate to the terminated portion of the Agreement, and refrain from placing further orders <br />and Subcontracts. CONTRACTOR shall not be paid on account of loss of anticipated profits or <br />revenue or other economic loss arising out of or resulting from such termination. In the event of a <br />termination under this provision, the CITY shall pay to the CONTRACTOR only those direct costs <br />associated with all Work actually completed. The CONTRACTOR shall be obligated to support its <br />costs with back-up documentation to the CITY'S satisfaction. NOTWITHSTANDING <br />ANYTHING TO THE CONTRARY IN THIS AGREEMENT, THE CITY SHALL NOT BE <br />LIABLE TO THE CONTRACTOR FOR ANY DIRECT, INDIRECT, SPECIAL ANDIOR <br />CONSEQUENTIAL LOSSES OR DAMAGES WHETHER ARISING IN AGREEMENT, <br />WARRANTY, TORT (INCLUDING NEGLIGENCE) STRICT LIABILITY OR ANY OTHER <br />CAUSE OF ACTION AT LAW OR IN EQUITY, INCLUDING BUT NOT LIMITED TO <br />LOSSES OF USE, PROFITS, BUSINESS, REPUTATION OR FINANCING. <br /> <br />16.2.2 Once the Plans and Specifications for this Project receive a permit to <br />commence construction, the ownership in the Plans and Specifications shall vest with the CITY. In <br />the event CITY terminates the Agreement and proceeds to design and construct the Project through <br />its employees, agents or other third parties, CONTRACTOR shall remain fully liable for the design <br />of the Plans and Specifications and the CITY shall retain all its rights and remedies related thereto. <br /> <br />16.3 Termination by CONTRACTOR. <br /> <br />If CITY fails to make payment thereon for a period of sixty (60) calendar days from <br />payment submittal, CONTRACTOR may, upon thirty (30) additional days written notice to CITY, <br />terminate the Contract and recover from the Contract payment for work executed and for proven <br />loss with respect to materials, equipment, tools and construction equipment and machinery. <br /> <br />16.4 Non-Binding Mediation. <br /> <br />16.4.1 Non-Binding Mediation. In the event a dispute arises, either Party may request that <br />the other party attend non-binding mediation. Mutual written consent is required for the non- <br />binding mediation to take place. To the extent that mediation does occur, the CONTRACTOR is <br />obligated to continue to perform the Work and the CITY shall continue to satisfy its payment <br /> <br />33 <br /> <br />, ""'I <br />iit" <br />I: . J <br />
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