O-2004-2783 - Laserfiche WebLink

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10/11/2004 YON 03:48 FAX laJ 004/005 r-rom: r-rea UletnCn 10: Jonn rugncower e UBte: I Uti II.lUU'l lIm~: 1:40:"" I"e t-agl!! :I or l:l 3, That, if 200 Garfield SUI:nllits plan!; to renovate the building!; on the Properly, th~n by January 2, 2006 it shall have sub~tantially completed construction oC its ~\pproved plans to renovate the building!' on the Property, Provided: however, the January 2, 2006 date for !\uhl'tantial complt:tion of construcliun requil'ed fol' renovation shall be ex.tt::.nd~d fCJr lh~ period of time camed hy any unreasonable delay caused by the City's failure to timely' schedule, process or granl approvals, insp~ctiuns, permits 01' va.riances, or b,y delays l"easonably caused hy inclement weather. a.cts of god, civil disturbance, riot, war, acts of terrori!\m,' natural disasters. criminal aclS of Lhird parties, strikes, ,lockouts. labor troubles, inability to procure materials, restrictive governm.ental laws or regulations or other caus~ without fault and heyond the control of200 Garfield, LLC. If 200 Garfield submits plans to redevelop all or part of the Properly then the January 2, 2006 deadline shall not apply tu such red~velopmenl plans; 4, All eOMtruction or demolition will be in compliance with applicable federal, state or City codes. ordinances andl or variances; and 5. Upon full and final appro val of this Agreement by aU parties and repeal of the Ordinances as rcqu ired herein. 200 Garfield. LLC will rea.sonably promptly non-suit without prejudice its claims and causes of action in the Lawsuit, Each of the respective repl'esentati\res of the parties to this Agreement ~xeculing this Agreement warrants and represents that the execution ha.s been duly authorized by the party they r~present and that the execution of this Agreemtl-nL consutuLes the act and deed of the parties hereto, The undersigned reprel'entatives ofth~ parli~'s ackn,owledge (hat they have read this Agreement and that they have been given the opportunity to review a.ll the terms and conditions of this Agreement and consult with counsel of th~ir choice and that they understand the meaning and effect thereof and hav~ willingly entered into and executed this Agrcemcnt for the consideration slated herein: This Agreement !\hall be covered by and conslrll~u and enforccu in accordance with the laws of the State of Texas. This Agreement may be execuled in mulliplt. origimtls. each one uf whicli shall be decmed an original, but all of which sh.tll constitute one and the salue Agl'Cement. Page 3 of 4