Laserfiche WebLink
verification ofthe completionof the aforementionedbuilding or buildings, as reflected <br />by a formal vote of the City Council that DEVELOPER has satisfied the requirements of <br />this paragraph, CITY will then remit payment to DEVELOPER within a period not to <br />exceed thirty (30) days. <br /> <br />Section 3. DEVELOPER Obligations. <br /> <br />3.1 As a condition for CITY's reimbursement of DEVELOPER'S payment of fair market value <br />for closure of Rights-of-Way as a grant to induce completion of the Project, DEVELOPER <br />promises to submit to CITY, and shall submit to CITY the following items, on or before the <br />deadline indicated in Section 5: <br /> <br /> <br />a) Proof of Certificate of Occupancy issued by CITY for each building situated on the <br />Property, with such building(s) having a minimum building footprint of 3,000 square <br />feet; and <br /> <br />b) Documentation substantiating capital investment of each building by DEVELOPER <br />for building construction and other related building improvements, which are necessary <br />to develop the proposed Project, not to include street improvements identified in Section <br />1.5. The total capital investment for all buildings must be at least $12,000,000.00. <br /> <br />3.2 DEVELOPER agrees that CITY will have the right to review the business records of <br />DEVELOPER that relate to the Project and this Agreement in order to determine <br />DEVELOPER'S compliance with the terms of this AGREEMENT. Such review shall occur <br />at any reasonable time and upon thirty (30) days' prior notice to DEVELOPER. To the extent <br />reasonably possible, DEVELOPER shall make all such records available in electronic form. <br /> <br />3.3 DEVELOPER shall not allow any portion of ad valorem taxes owed to CITY on the <br />Property, or any other property owned by DEVELOPER and located within the City of La <br />Porte, Texas to become delinquent beyond the date when due, and as such date may be extended <br />to permit protest of valuation or any appeal; nor shall DEVELOPER fail to render for taxation <br />any personal property, including inventory and equipment, owned by DEVELOPER and located <br />within the City of La Porte, Texas. <br /> <br />3.4 DEVELOPER covenants and certifies that DEVELOPER does not and will not knowingly <br />employ an undocumented worker as that term is defined by section 2264.01(4) of the Texas <br />Government Code. In accordance with Section 2265.052 of the Texas Government Code, if <br />DEVELOPER is convicted of a violation under 8 U.S.C. Section 1324a (t), DEVELOPER shall <br />forfeit reimbursement from the CITY. <br /> <br />Section 4. Force Majeure. <br /> <br />It is expressly understood and agreed by the parties to this Agreement that if the performance of <br />any obligations hereunder is delayed by reason of war, civil commotion, acts of God, inclement <br />weather, governmental restrictions, regulations, or interferences, delays caused by the <br />franchise utilities, fire or other casualty, court injunction, necessary condemnation <br />proceedings, acts of the other party, its affiliates/related entities and/or their contractors, or <br />any actions or inactions of third parties or other circumstances which are reasonably beyond <br />the control of the party obligated or permitted under the terms of this Agreement to do or perform <br />the same, regardless of whether any such circumstance is similar to any of those enumerated or not <br />("Force Majeure"), the party so obligated or permitted shall be excused from doing or performing <br />the same during such period of delay, so that the time period applicable to such design or construction <br /> <br />