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Agenda - Economic Development Authority - 08/08/2024
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Agenda - Economic Development Authority - 08/08/2024
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3/14/2025 12:00:23 PM
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8/1/2024 1:07:30 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
08/08/2024
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b) "Owner" shall initially mean the Declarants stated above; however, owner <br />shall also mean the successors and assigns of Declarants who become <br />owners of any portion of the Property. If different portions of the Property <br />are owned by different Persons, each Person shall be an Owner and shall all <br />be liable for the performance of all covenants, obligations, and undertakings <br />herein set forth, with respect to -the portion of the Property owned by it <br />during such period of ownership. <br />c) "Person" shall mean any individual, partnership, firm, association, <br />corporation, trust, or any other form of business or government entity. <br />3 . Easements. There shall hereby exist in favor of each Owner and each Lot for the <br />use by each Owner, its lessees, employees, agents, contractors, customers, guests <br />and invitees, in common -with others entitled to use the same, if any, a nonexclusive <br />easement for roadway, utilities and drainage purposes and for ingress and egress <br />and parking lot purposes over and across that part of the property legally described <br />on Exhibit "A" attached hereto and made a part hereof. Said Exhibit "A" has been <br />prepared by KKE Architects at the joint request of Declarants, and is hereby <br />approved by Declarants. <br />4. Duration of Easement. The Easement shall be permanent and perpetual and <br />shall inure to the benefit of and be binding upon all Owners and their respective <br />successors and assigns, and shall run with the land. <br />5. Maintenance and Repair. The Owner of Lot 1 shall construct all of the <br />driveways and parking areas shown on Exhibit "A" in a manner conforming with <br />the plans and specifications prepared by KKE Architects and attached hereto as <br />Exhibit "B". Said improvements shall be completed in a good, workmanlike <br />manner and shall be completed by not later than February 12, 1997, subject to <br />delays beyond the reasonable control of the Owner of Lot 1. The Owner of Lot 1 <br />shall, at its sole cost and expense, maintain and repair said driveways, parking lot <br />and related improvements, including, but not limited to, snow plowing, snow <br />removal, and repair and replacement as necessary for the bituminous surface and <br />curbing (the "Maintenance Costs"); however: <br />Page 2 of 5 <br />Tl <br />
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