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2026 Resolutions
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2026 Resolutions
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8/26/2026 1:59:45 PM
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and building design elements described in the Proposal, as modified with the approval or at the <br />direction of the City. <br />5. TERM AND TERMINATION <br />This Agreement shall commence on the Effective Date and shall continue until completed <br />or terminated pursuant to the terms of this Agreement. This Agreement may be terminated by <br />either Party in the event of substantial failure or default of the other Party to perform in <br />accordance with the terms hereof through no fault of the terminating Party, which failure or <br />default continues without cure for a period of thirty (30) days after the defaulting party's receipt <br />of written notice of default specifying the failure or default in reasonable detail. <br />Upon thirty (30) days' written notice to Developer, the City may, for its convenience and <br />without cause, elect to terminate the Agreement. Upon receiving notice of termination from the <br />City, Developer must immediately terminate all Services (unless the notice directs otherwise) <br />and, upon receipt of final payment in an amount calculated in accordance with the following <br />paragraph, deliver to City all reports, studies, plans, drawings, specifications, designs, and <br />renderings (the "Instruments of Service") (whether completed or in progress) which may have <br />been created or accumulated by the Developer in performing the Agreement. <br />In the event of termination for convenience, the City shall, within thirty (30) days <br />following the termination date specified in the notice, pay Developer (a) with respect to all <br />Services completed by Developer in accordance with this Agreement through such termination <br />date, the portion of the Contract Amount not yet paid by City to Developer that is allocable to <br />such completed Services (as determined in accordance with the Schedule of Values) and (b) with <br />respect to incomplete Services: (i) the costs incurred by the Developer to perform such <br />incomplete Services through the termination date, plus (ii) all reasonable expenses of Developer <br />attributable to such termination, plus (iii) Developer's reasonable overhead and profit that <br />reflects the Developer's level of completion of the incomplete Services prior to the termination <br />date. <br />The rights and remedies of City provided in this Section are in addition to any other <br />rights and remedies provided by law or under this Agreement. <br />b. COMPREHENSIVE AGREEMENT <br />Should the Parties conclude that the Project is feasible, it is their intention to negotiate a <br />Comprehensive Agreement under the PPEA and the Guidelines which shall address the <br />completion of design, construction and commissioning of the Project. At the direction of the <br />Parties, counsel for the City and counsel for the Developer will begin work on the <br />Comprehensive Agreement during Developer's performance of Services under this Agreement. <br />The City's participation in negotiation of a Comprehensive Agreement shall not constitute an <br />obligation of, or commitment by, the City to execute such Comprehensive Agreement without <br />the prior approval of the City Council, which approval may be granted, denied or conditioned in <br />the City's sole discretion. <br />
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