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Performance <br />City to require construction of Building 1 and a Certificate of Occupancy to be <br />issued by July 15, 2020. If this is not done, the City may exercise the Right of <br />Re -Entry. City to require Building 2 to be constructed and a Certificate of <br />Occupancy to be issued by July 15, 2021. If this is not done, the City may <br />require the developer to make penalty payment in the amount of $150,000 (or <br />as negotiated) to the City. (construction deadlines) <br />The change requested would simply extend the requirement for the issuance <br />2a Building 1 permit and Certificate of Occupancy by an addional 120 days <br />(i.e. on or before Nov 15th 2020vs July 15' 2020). <br />Assignment Requires city approval if not same owners/ company. <br />Review <br />EDA (Sean): Land Transaction/ Purchase Agreement/ Right of Re -Entry <br />Planning Commission (Tim): Land Use, Development Agreement, Site Plan, Plat <br />Council: Final Approval on both items <br />Deleted: pf <br />Deleted: 10 <br />