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SOUTHWEST GROUP PROPERTIES, LLC
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Last modified
1/12/2022 11:07:56 AM
Creation date
1/12/2022 11:06:54 AM
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Contracts
Company Name
SOUTHWEST GROUP PROPERTIES, LLC
Contract #
A-2021-248
Agency
Public Works
Council Approval Date
12/21/2021
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in no event may any consideration be paid to Buyer be in a form other than cash. <br />As used herein, the term "Permitted Delay" shall refer to any delay resulting <br />from acts of God; fire; earthquake; flood; explosion; action of the elements; war; <br />invasion; insurrection; riot; mob violence; sabotage; malicious mischief, <br />inability (notwithstanding good faith and diligent efforts) to procure (or general <br />shortage of) labor, equipment, facilities, materials, or supplies in the open <br />market; failure of transportation; strikes (other than any strike resulting from acts <br />of Buyer); lockouts; action of labor unions; condemnation laws; requisition or <br />order of government or civil or military or naval authorities; or any other similar <br />cause to those stated above, not within a Buyer's reasonable control. <br />Notwithstanding anything to the contrary contained herein, in no event shall <br />financial inability constitute Permitted Delay. <br />6.2.5 Approvals. Buyer shall obtain all final approvals, <br />including, without limitation, the building permit and all related municipal <br />approvals (the "Approvals") necessary for developing the Property in substantial <br />conformance with the site plan that was included with the Buyer's proposal for <br />the Property submitted in response to City's Request for Proposal No. 20-159 (a <br />copy of which is attached as Exhibit "C", the "Intended Improvements") <br />appropriate for the operation of a restaurant (the "Intended Use), such that <br />immediately following the acquisition of the Approvals, Buyer shall be entitled <br />to commence construction of the Intended improvements. Nothing in this <br />agreement shall constitute Approvals by Seller, and Buyer acknowledges that it <br />must comply with all of Seller's development standards, guidelines and <br />procedures that are applicable to the Intended Improvements and the Intended <br />Use. <br />6.3 Natural Hazard Zone Disclosure. No later than seven (7) business days prior to the <br />Property Approval Date, the Seller will, at its sole cost and expense, provide Buyer with a Natural Hazard <br />Zone Disclosure required by applicable law, <br />6.4 Buyer and Seller Cooperation. Buyer shall submit plans for the Project to Seller, <br />and Seller, in its capacity as the City within which the Project is located, will make the determination as to <br />the required entitlements based upon Buyer's proposed plans. Buyer may then process and obtain the <br />Project Entitlements through Seller in its capacity as the City within which the 'Project Entitlements is <br />located. Nothing in this Agreement shall be deemed to be a prejudgment or commitment with respect to <br />exercise of governmental discretion with regard to such items, nor a guarantee that such approvals or <br />permits will be granted at all or within any particular time or with or without any particular conditions. <br />7. Destniction/Condemnation of Property Other Notices. In the event that all or any <br />portion of the Property is damaged or destroyed by any casualty under the provisions of applicable <br />law after the Effective Date but prior to the date of Closing, Seller shall give Buyer immediate <br />written notice of the same. <br />-13- <br />
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