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CARIBOU INDUSTRIES (8)
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CARIBOU INDUSTRIES (8)
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Last modified
12/7/2023 3:42:03 PM
Creation date
12/2/2022 3:13:37 PM
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Contracts
Company Name
CARIBOU INDUSTRIES
Contract #
A-2020-265-01
Agency
Community Development
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walls or similar support structures, foundations, siguage, ornamentation, and all other <br />improvements on or to the Property, now existing or made in the future by or with the consent of <br />the Developer, as necessary to maintain the appearance and character of the Project and the <br />Property. The Developer's obligation to maintain the Project and the Property described in the <br />immediately preceding sentence shall include, without limitation, (i) maintaining the surfaces in a <br />level, smooth and evenly covered condition with the type of surfacing material originally installed <br />or such substitute as shall in all respects be equal in quality, use, and durability; (ii) removing all <br />papers, mud, sand, debris, filth and refuse and thoroughly sweeping areas to the extent reasonably <br />necessary to keep areas in a clean and orderly condition; -(iii) removing or covering graffiti with <br />the type of surface covering originally used on the affected area, (iv) placing, keeping in repair <br />and replacing any necessary and appropriate directional signs, markers and lines; (v) operating, <br />keeping in repair and replacing where necessary, such artificial lighting facilities as shall be <br />reasonably required; (vi) providing security services as reasonably indicated; and (vii) <br />maintaining, mowing, weeding, trimming and watering all landscaped areas and making such <br />replacements of plants and other landscaping material as necessary to maintain the appearance and <br />character of the landscaping, all at the sole cost and expense of the Developer. The Developer's <br />obligation to maintain the Project and the Property described in the two immediately preceding <br />sentences is, collectively, referred to in this Agreement as the "Maintenance Standard." The <br />Developer may contract with amaintenance contractor to provide for performance of all or part of <br />the duties and obligations of the Developer with respect to the maintenance of the Project and the <br />Property; provided, however, that the Developer shall remain responsible and liable for the <br />maintenance of the Project and the Property, at all times. <br />7.1.2 Maintenance Deficiency. If, at any time following the Close of Escrow, <br />there is an occurrence of an adverse condition on any area of the Project or the Property in <br />contravention of the Maintenance Standard (each such occurrence being a "Maintenance <br />Deficiency"), then the City may Notify the Developer in writing of the Maintenance Deficiency. <br />If the Developer fails to cure or commence and diligently pursue to cure the Maintenance <br />Deficiency within thirty (30) calendar days following the Developer's receipt of Notice of the <br />Maintenance Deficiency, the City may conduct a public hearing, following transmittal of written <br />Notice of the hearing to the Developer, at least, ten (10) days prior to the scheduled date of such <br />public hearing, to verify whether a Maintenance Deficiency exists and whether the Developer has <br />failed to comply with the provisions of this Section 7.1. If, upon the conclusion of the public <br />hearing, the City finds that a Maintenance Deficiency exists and remains uncured, the City shall <br />have the right to enter the Project and the Property and perform all acts necessary to cure the <br />Maintenance Deficiency, or to take any other action at law or in equity that may then be available <br />to the City to accomplish the abatement of the Maintenance Deficiency. Any sum expended by <br />the City for the abatement of a Maintenance Deficiency pursuant to this Section 7.1 shall be <br />reimbursed to the City by the Developer, within thirty (30) calendar days after written demand for <br />payment from the City. Any amount expended by the City for the abatement of a Maintenance <br />Deficiency pursuant to this Section 7.1 that is not reimbursed to the City by the Developer within <br />thirty (30) calendar days after written demand to the Developer for such reimbursement, shall <br />accrue interest at the lesser of. (i) the rate often percent (10%) per annum or (ii) the Usury Limit, <br />until paid in full. <br />Page 2 of 5 <br />Form Of Notice Of Agreement <br />55394.00049133239203. 10 <br />
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