Agenda - Council - 03/10/2009 - Laserfiche WebLink

Home

ctr B. The City shall provide copies of all agreements with the Developer of RTC. The County may terminate this agreement with the City if the City modifies, alters or changes any of the terms or conditions of its agreement with the Developer of the RTC. la. T HRM This Agreement shall continue until (1) it is terminated as provided herein, or (2) until the COnstruction provided for herein is completed and payments provided for herein are made, whichever of (1) or (2) shall first occur. Maintenance portions of this Agreement shall not terminate unless a subsequent agreement,, specifically approved by the governing bodies of both parties, replaces this Agreement. 1 S TRICT. ACCOUNTABILITY A strict accounting shall be made of all funds and report of all receipts and disbursements shall be made upon request by either party. 17. RI TFI`L' OF WAY 1.'lic City shall acquire the majority of the right of way needed for this project as part of their development process. The City shall notify the County of any right of way needs not acquired through the City process a minimum of 12 months prior to the need for said right of way. The County then shall acquire said right of way, form private property owners, that is required for i he construction of the County Highway improvements through either direct purchase or condemnation. The City shall reimburse the County all costs incurred by the County in acquiring the necessary parcels. Reimbursable costs include, but are not limited to, the purchase price, recording fees, appraisal fees, attorney fees, and all costs incurred by the County in acquiring the parcels through eminent domain (hereinafter collectively referred to as "Land Acquisition Costs "). These costs shall not include County staff time. I 1pnn written demand by the County, the City shall pay to the County the appraised value portion cif the Land Acquisition Costs. Upon final completion of the each parcel acquisition, the City shall pay for all remaining Land Acquisition Costs within 30 days after receipt of an invoice from [lie County documenting the expenses incurred. 12 -305-