Courthouse Square Agreements (compiled notebook)

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SEP.lE.19y~ 1~~~~A~ N0.a12 P.6i19 ~r+ 1.26 "Ground Leuse" means the ground lease of the Property by the County and the Transit District, as fee owners, to che County, as lessee, said ground lease being in the form of Exhibit C attached hereto. 1.27 "Ground Lease Rent" ineans the monthly rentS required to be paid by any Private Party under che Ground Lease to the County snd ~he 1Yansit District. 1.2fi "Guaranteed Maacimum Price" shall mean the maximum price for which the General Contractor has agreed to build the Project Improvements pursuant to the General Construction Contract, as such rnaximum price msy be adjusted fram time to time upon the approval of the Review Committee as provided in Section 4.5{v) hereof. The Parties acknowledge and agree that the Cruaranteed Maximum Price provlded for the General Construction Contract will only cover the consctuccion of the Projeet Improvements, and noc demolition and removal of the existing structures on the Property or che costs of any environmental remediauon that may be done on the Property. 1.29 "Hazardous Substances" shall ra~an any pollutant, dangero~s substance, toxic substance, asbestos, petroleum, petroleum product, hazardous waste, hazardous materials or hazardous substances as defined in or regulated by Chapter 466 of the Oregon Revised Statutes, the Resource Conservation Recovery Act, as amended, 42 USC Section 6901, ~sgc~; ("RCRA"), the Comprehensive Environment~l Response, Compensation and Liability Act, as amended, 42 USC Section 9601, et sea. ("CERCLA"), or any other Environmental Standards, 1.30 "Parties" shall mean, collectively, tlie County and the Traasit District. Any of the "Parties rnay be referred to individually as a"party." 1.31 "Plans" means the plans and specifications for the Project Improvements marked and dated ~ and produc~d by the Architect. 1.32 `'Privatc Party" shall mean any private party who shall become an owner of a portion of t~ie Projecc wi[h the consent and approval of the Parties. 1.33 "Project" shall mean the Property and the Project ImprovBments thereon, including al1 appurc~nant facilities concemplated herein to be constiucted all as more pardcularly described in che Plans. 1.3~ "Project Cosis" means: (i) costs of demolition of existing improvements on the Properiy, disposing of the demolition debris snd putting the Property in the condition required for ihe Genecal Contractor to commenc~ worlc under che Genersl Construction Contract; (ii) che costs of any en~ironmental studies or environmental clean up or remediation '~. necessary with respecc to the Propeny (including buc not limited to tbe containment and proper disposiuon of any asbestos or other hazardous materials or substances encouncered in the demolition proc~ss or any environmental remediation required therewith), but not including the County Assumed Environmental costs ; (iii) to the extent approved by the Review Committee, die cos~s of designing the Project, including management, azcl~itectural, appraisal, engineering, and consulting fees; (i~) to the extent approved by the Review Committee and not included as part of the Demolition Contract or by tha Guaranteed Maximum Price pursuant to the General ~' Caurtliouse Square Development Agreement Page - 5