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2000 Resolutions
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2000 Resolutions
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2/6/2009 3:35:48 PM
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6/6/2001 4:55:54 PM
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Ord/Resolutions
Year
2000
Ord/Resolutions - Type
Resolutions
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3:3. Regulatory obligations. As to any regulatory approvals which are required for <br />successful development of the Retail Project, including such approvals as zoning, subdivision, <br />signage, site plan, storm water management plan, and building permits the Ci!y will give full and <br />prompt consideration to any properly filed request for approval and will grant such approval if it <br />meets with all applicable legal requirements and is in the public interest. ' <br /> <br /> 3.4. State and federal benefits. If there are any benefits or programs available from state <br />or federal sources which would assist either PRHA or Developer in the development and <br />successful operation of the Retail Project, including by way of example and without limitation <br />Enterprise Zone and Empowerment Zone benefits and programs, the City will, upon request from <br />PRHA, use its best efforts to obtain the award of such benefits or programs. <br /> <br /> 3.5. No debt of City. None of the obligations imposed by this instrument on the City <br />related to funding (the "City Financial Duties") which derive or arise from the Development <br />Agreement will become obligations or legal duties, whether direct or indirect or by estoppel, <br />until such time as the City may approve an appropriation or appropriations sufficient to provide <br />the necessary funding and until such time as the City properly authorizes any debt obligation that <br />may be needed to provide said funding, with said authorization, if made, to be in accordance with <br />the requirements of the Public Finance Act, as set forth in the Code of Virginia. This instrument <br />shall not be a debt of the City. <br /> <br /> 3.6 Further approval required. The City Financial Duties and all other City duties <br />imposed by this instrument (collectively, the "City Duties") are further expressly conditioned on <br />the following matters: <br /> <br /> 3.6.1. Financia plan. A financial plan for the Project shall be presented to the City not <br />later than December 31, 2000. The City shall review the plan and, in its sole discretion, <br />determine whether it represents a prudent use of public funds. The City Duties are <br />conditioned on City approval of the financial plan and subsequent adherence to the <br />financial plan as approved. <br /> <br /> 3.6.2. Best and highest use. A description of the uses of the Retail Project shall be <br />provided to the City from time to time. A substantial propose of the Retail Project is to <br />bring about the highest level of quality retail development that is feasible for the Project <br />site, giving consideration to all relevant site, market, trade, and economic possibilities <br />and limitations. The City Duties are conditioned on both City approval of the leasing <br />strategy for tbe Retail Project and City approval of its specific proposed retail tenants or <br />occupants. This approval shall not be unreasonably withheld, with reasonableness to be <br />determined according the criteria set forth in this subsection. <br /> <br /> 3.6.3. Means of granting City approvals. The City approvals described in this section <br />(relating to a financial plan and best and highest use) may be granted only by the City <br />Manager or his designee. They shall be in writing. Upon granting these approvals, if <br /> <br /> <br />
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