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CARIBOU INDUSTRIES (14)
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CARIBOU INDUSTRIES (14)
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Last modified
4/7/2025 3:04:47 PM
Creation date
3/27/2025 12:53:35 PM
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Contracts
Company Name
CARIBOU INDUSTRIES
Contract #
A-2025-030
Agency
Community Development
Council Approval Date
10/20/2020
Expiration Date
10/20/2075
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issuance of a Certificate of Occupancy. Up-to-date 24-hour emergency contact information for <br /> the on-site personnel shall be provided to the City on an ongoing basis and the approved EEP shall <br /> be kept onsite and also be submitted to the following City Agencies: <br /> (a) Police Department <br /> (b)Fire Department <br /> (c)Planning and Building Agency <br /> (d) Community Development Agency <br /> 4.17 Crime Free Housing. Developer shall work with City staff to develop a crime free <br /> housing policy,procedure, and design plan(the"CFH Plan"). Developer shall submit and obtain <br /> approval from the PBA that the CFH Plan meets the requirements of this Subsection 4.17 prior to <br /> issuance of the Certificate of Occupancy. The approved CFH Plan shall be implemented and <br /> administered by Property Management, <br /> 4.18 Parking Management Plan. Developer has provided a parking management plan <br /> ("PMP"), attached herewith as Exhibit F and incorporated herein by reference, which indicates <br /> that,if needed,valet service for on-site vehicle stacking for the entire parking structure could create <br /> an additional 122 parking spaces, raising the total onsite residential parking spaces from 196 to <br /> 318 and raising the total parking supply in the parking structure from 490 to 612 spaces. In <br /> addition, the PMP indicates that an additional 50 offsite parking spaces at a nearby City-owned <br /> parking structure could be leased on a long term basis. The PMP shall be adhered to and be <br /> enforced by the Project at all times. Additionally, the City may enforce the provisions of the PMP <br /> against the Developer in the City's sole discretion. <br /> 5. [INTENTIONALLY RESERVED] <br /> 6. TERM OF THIS AGREEMENT <br /> 6.1 Term. The term of this Agreement ("Density Bonus Housing Agreement Term") <br /> shall commence on the Effective Date and shall continue until the date that is fifty-five (55)years <br /> after the City issues the last certificate of occupancy for the building in which the Affordable Units <br /> are located. <br /> 7. DEFAULT AND TERMINATION, INDEMNIFICATION <br /> 7.1 Default. Failure or delay by any Party to perform any term or provision of this <br /> Agreement, which is not cured within thirty (30) days after receipt of notice from the other Party <br /> specifying the default (or such other period specifically provided herein), constitutes a default <br /> tinder this Agreement;provided,however,if such default is of the nature requiring more than thirty <br /> (30)days to cure,the defaulting Party shall avoid default hereunder by commencing to cure within <br /> such thirty (30) day period, and thereafter diligently pursuing such cure to completion within an <br /> additional sixty (60) days following the conclusion of such thirty (30) day period (for a total of <br /> ninety (90) days). Except as required to protect against further damages, the injured Party may <br /> not institute proceedings against the Party in default until the time for cure has expired. Failure or <br /> delay in giving such notice shall not constitute a waiver of any default,nor shall it change the time <br /> of default. <br /> 14 <br />
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