BOC Files (Folders 1-3) - Laserfiche WebLink

Home Browse Search

~ 1) County Facilities - Approximately 102,310 Usable Square Feet conveyed to ` County for office use together with 218 pazldng spaces. I~ . (2) Transit Facilities - Approximately 25,029 Usable Square Feet conveyed to Transit for o~ce use together with 40 pazking spaces and approximately 66,824 ( i gross square feet of area containing the transit mall and associated improvements. i~ (iu) Compensation for Conveyance of Condominium Units. A Unit Owner shall pay no - compensation to the Declarant for conveyance of its respective Unit except for payments due r~ from each Party under this.Agreement for Project Costs, as described~in Section 4.3.. t (iv) Management, Operation, Maintenance and Repair oi Property. The Condominium ~+ Documents shall govern manage~nt and operation of the Projoct. The Bylaws shall describe ~ the initial and continuing financial obligations ~of each Unit owner and their respective responsibilities for properiy management, security, parking, access and maintenance and repair of common elements.. ~ SECTION 3. PR~PARATION OF LAND FOR DEVELOPMENT ~ ~ 3.1 Utility Service. Water, electricity, gas, sanitary sewer and storm sewer service to ffie perimeter of the Property currently eusts. 3.2 Property Unoccupied. The Property is unoccupied. The Parties covenant and agree to keep ~ the Property unoccupied during construction except as otherwise agreed by the Review Committee. The costs of terminating any occupancy and relocating tenants shall be born by the Pazty causing or permitting such occupation. ~ 3.3 Permits. The Parties agree to cooperate with one another and with the Project Manager and to use diligent, good faith efforts in assisting Project Manager in obtaining all permits and approvals necessary for the construction of the Projxt Improvements. ~ SECTION 4. DEVELOPMENT OF PROPERTY - 4.1 Project Completion; Modi6cations to Sc~ope of Developmenk ~ ( i) Completion. Subject to terms and conditions of this Agreement, the Parties hereby L~ " covenant .and to co lete the develo ment of the Pro throu the construction of the Project Im~r vo ements~thereon, in accordance with the P~lans and o comply with the (;~j Schedule of Performance. u (ri) Scope. The Plans may be changed or modified in such manner and to such eztent as may be agreed npon in writing by the Parties. However, in no event may either Pazty take ~~ any action, without the wntten consent of the other Party, to cause a change in the Design Development Drawings, Plans or the Final Constiuction Plans and Specifications wluch would result in the other Party's Respective Share of the Project Budget to exceeding the amount of ` 1 the iimit specified in Secxion 2.1(i) or (ii), above. `'f 4.2 Pro'ect Man er and the Pro'ect Mana ement A menk The Parties have entered into J ~ J g ~ the Project Management Agreement with the Project Manager, the terms of which aze hereby acknowledged. No Party shall be liable for the payment of any portion of the Project Manager's ~.,~ ~ compensation required to be paid by another Pazty. The Project Manager's compensation under the Project Management Agreement and, except as may be otherwise negotiated and agreed by the Parties, under Addenda thereto shall be a Project Cost to be paid by the Parties according to their ~ i Respective Share as provided in Section 4.3. Courthouse Square Development Agreement -Page-9 l!