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Agenda - Council Work Session - 01/11/2016
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Agenda - Council Work Session - 01/11/2016
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1/8/2016 9:13:54 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
01/11/2016
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Exhibit C, Exhibit C-1 and Exhibit C-2 attached to the Contract are deleted in <br />their entirety and Exhibit C attached to this Amendment is substituted in its place. <br />Exhibit D-1 and Exhibit D-2 attached to the Contract are deleted in their entirety <br />and the Exhibit D-1 and Exhibit D-2 attached to this Amendment is substituted in <br />their place. <br />5. Article 1(E) is hereby added to the Seller's Work Rider to read as follows: <br />"E. Signage: Seller will construct the Project Entry Sign and the Project <br />Gateway Sign (collectively, the "Signs") in conformance with Exhibits D-1 and D- <br />2. Notwithstanding anything contained in this Amendment or the Contract to the <br />contrary, if Seller constructs the Signs in conformance with Exhibits D-1 and D-2, <br />Purchaser will, within 30 days after Purchaser's receipt of a reasonably detailed <br />written invoice from Seller, reimburse Seller for one-third of the total reasonable <br />costs Seller incurs to construct the Signs; provided, however, if Seller does not <br />complete construction of the Signs on or before the date sixty (60) days after <br />Purchaser's Footings Installation Date (defined hereafter), Purchaser may <br />complete the construction of the Signs in conformance with Exhibits D-1 and D-2 <br />and Article 7 of this Amendment. Purchaser will not be liable to Seller for any <br />reimbursement of Seller's costs associated with any incomplete, untimely or <br />unsatisfactory construction of the Signs by Seller. This provision survives <br />closing and will not merge with the deed." <br />6. Article 1(F) is hereby added to the Seller's Work Rider to read as follows: <br />"F. Lighting: Seller and Purchaser acknowledge that the lighting of the Private <br />Access Roads may not be sufficient for Purchaser's intended use of the <br />Premises until Lot 1, Block 1, COR TWO and Lot 3, Block 1, COR TWO, is <br />developed and businesses are operating on said Lots 1 and 3. Prior to <br />Purchaser opening its business to the public on the Premises, Seller will install <br />temporary lighting in the locations shown on Exhibit F, attached (the "Temporary <br />Lighting"), so that the portion of the Private Access Roads depicted on Exhibit F <br />is clearly visible, and Seller will maintain and operate the Temporary Lighting <br />pursuant to the terms of this Amendment at Seller's sole cost and expense until <br />the earlier of: (i) the date such Temporary Lighting is replaced with permanent <br />lighting on Lot 1 and Lot 3, or (ii) businesses are operating on Lots 1 and 3. <br />Furthermore, so long as Seller owns said Lots 1 and 3, Seller grants to <br />Purchaser the right to install, at Purchaser's cost, and at Purchaser's discretion, <br />additional lighting on Lot 1 and/or Lot 3, as applicable. Notwithstanding the <br />foregoing, if the Temporary Lighting is replaced with permanent lighting or a <br />business opens to the public on either Lot 1 or Lot 3, the Temporary Lighting <br />required under this Article will no longer be required for such Lot (however, if one <br />Lot has a business open to the public, this does not excuse the other Lot from <br />maintaining its Temporary Lighting pursuant to this Amendment unless and until <br />such time as there is a business open to the public on that Lot). This provision <br />survives closing and will not merge with the deed." <br />7 The second paragraph of Article 5 of Seller's Work Rider is deleted in its entirety <br />and the following substituted in its place: <br />Document#:5 830971 v 12 <br />Document #: 1273065-v6 <br />
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