Resolution Regarding Agreements Augusta River Front Limited Partnershippgs1-20

8/2/2019 Resolution Regarding Agreements Augusta River Front Limited Partnershippgs1-20

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RESOLUTION

RESOLUTION AUTHORIZING CITY COUNCL OF AUGUSTA TO ENTER INTOCERTAIN AGREEMENTS WTH REGARD TO THE DEVELOPMENT BY AUGUSTARIVERFRONT LIMITED PARTNERSHIP OF A HOTEL AND OFFICE BUILDINGCOMPLEX INTHE AREA BOUNDED GENERALLY BY REYNOLDS STREET NINTHSTREET ELEVENTH STREET AND THE LEVEE AND TO ACQUIRE AND GRANTCERTAIN EASEMENTS IN CONNECTION THEREWITH AND TO ENTER INTOCERTAIN AGREEMENTS WITH REGARD TO THE CONSTRUCTION OPERATION ANDMAINTENANCE BY CITY COUNCL OF AUGUSTA OF A CONVENTION CENTER ANDPARKING FACILITY TO BE LOCATED IN SAID AREA AND TO ENTER INTOCERTAIN AGREEMENTS WTH REGARD TO THE ACQUISITION AND EXCHANGE BYCITY COUNCL OF AUGUSTA OF CERTAIN REAL

PROPERTY AND ABANDONMENTOF CERTAIN STREETS AND ALLEYS INCONNECTION THEREWTH AND TO ENTERINTO A LEASE OF APPROXIMATELY 8 000 SQUARE FEET OF SPACE INSAIDOFFICE BUILDING

WHEREAS on September 14 1987 the cty adopted aresoution setting forth its inen to participate in thedevelopment by BankersFrst community Development corporation andtheWebb Group o theAugustaRverfronCener by undertaking theconstructono a conerence cener at a cost no to exceed3 900 000 00 a public parking deck at a cost no toexceed3 816 000 00 anextensono theRverwak at a cost no toexceed 890 000 00 and certaninrastructureimprovements onandto be dedca d to public use at a cost no to exceed1 300 000 00 and

WHEREAS the development o sad project wthcertanrevsons and modfcaons thereto whchproject incudes theconstructono ahoe and oficebuilding tobe fnanced inpartby aUrbanDevelopment Action Gan UDAG granted toctyby theUntedSaes Department o Housing and Urban Development and in


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part by private funding has been undertaken by the AugustaRverfronLmtedPartnership Inc and

WHEREAS thedevelopment othshoe andofficecomplexwll serveas theconerstoneo a truymajor revtaizationodowntown Augusta and

WHEREAS inoder to faclitaesad project itisnecessary and desrable that ctyCounc o Augusta agree toconstruct and equip sadconerencecenerat acostno toexceedthe sumo 3 900 000 00 and toconstruct and equip sad publicparking deck and certanonsteparking faclitiesat acostnoto exceed 3 816 000 00 and to construct sad inrastructureimprovements whchwll be locaedonproperty dedcaedtopublicuseat acost no toexceedthesumo 1 300 000 00 and agreetotheoperation and maintenance o thesame and togrant and recevecertanreciprocal easemensalasmoeparticuarlyset forthinthe Constructon Operation and Reciprocal Easement Agreementatachedheretoas Exhbit A and

WHEREAS pursuant to sad UDAG itis necessary anddesrable tha the city ener inoan agreement wth AugustaRverfront Lmted Partnership substantially insuch fom andcontaining substantially thetermsand condtonsset forthintheUDAG Cty Developer Agreement atachedheretoas Exhbit B and

WHEREAS inoder tofaclitaetheconstructionosadparking faclitiesand convenoncener itis necessary anddesrable for Cty to ener ino a Constructon ManagementAgreement wthBailey Assocaescontaining substantially the


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terms and provisions set forthintheConstructonManagementAgreement atachedheretoas Exhbit C

WHEREAS itisasonecessary and desreabletha thecityagree to acquire the property upon whchsad convenoncener and parking faclitiesaretobe locaedundersubstantiallythe same terms and condtons set forthinproposed ExchangeAgreement to be entered inobeweencty and Bankers FrstCorporation acopyowhchisatachedheretoas Exhbit D and

WHEREAS sad Exchange Agreement cals fortheCty toabandon that portion oMacartanSreet lying Notho ReynoldsSreet containing 0 18 acre and Tatna Aley beweenTatnaSreet and theLevee containing 0 06 acrewhich are shown anddesignated asParce F and Parce G respectively onthatpladaed May 10 1989 prepared for Augusta Rverfron LmtedPartnership byCranstonRobertson Whtehurst whchsadparcelswll no serve any usefu public purposeater commencement oconstructonosadproject and

WHEREAS thectydesrestoener inoa leaseagreementwhereby theCty woudagreetolease8 000 squarefeetooficespace insad ofice building for a period o 10 years atercompletion o constructonat anannua base renno toexceed16 40 per square foo wthannua adjustments based upon theConsumerPriceIndex

NOW THEREFORE BE ITRESOLVED that theMayor and CerkoCounc areauthozed toexecute and deiver onbehaf o CityCounc o Augusta documents insubstantially suchfomas thoseatachedheretoasExhbit A B C and D and toundertake and


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carryout any and al duties obligations and responsibilitiesimposed uponCty pursuant tosaddocuments and totakesuchoheractons and ener inosuchoher agreements and execute anddeiver suchoher documens onbehaf o Cty as theMayor maydeem reasonably necessary or desreable inoder toeffect theforegoing

BE ITFURTHER RESOLVED thaat suchtimeasconstructono sad hoe and ofice building commences sad portions oMarcartanSreet and Tatna Aleyshal haveno furtherpublicuseorpurposeand Cty Counc o Augusta shal abandon thesameby appropriate resoution

BE IT FURTHER RESOLVED that the Mayor and Cerk oCounc areauthozedtoener inoonbehafo thectya leaseagreement underwhchtheCty agrees tolease8 000 squarefeetooficespace insadoficebuilding foraperiod o tenyearsatercompletionoconstructonat anannua baserena ratenotoexceed 16 40 persquarefoowthannua adjustments during tlieleasetermbasedupon theConsumerPriceIndex and upon suchohertermsand condtonsas theMayor may deem acceptable tothecty

DONE INOPEN COUNCL UNDER THE COMMON SEAL THEREOF THSf day o f 1989ATTEST

WCLERK OF COUNCL


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AtL13L ri L 4 r4 J1li

C O N S T R U ION I OPERATING AD RECPROCAL ji I 7 gqEASEMENT AGREE 1ENT Lor I Jt

TH1S CONSTRUCTIOl OPERATING AND RECPROCAL EASr M E Nf AlUrJ IHAgreement I executed onths the day o

1 8 by and between theCITf GUSTA G ORGIAAUGUSTA RIVERFRONT LIMITED PARTNERSHIP A

the Ccy BndGeorgia Lmted

Partnership he Developer

WTN E SSET HWHEREAS I theCty is theowner o the levee and adjaceneand

lying along the banks o the Savannah Rver in downcown AuguscaGeorgia a portion o which the Project Rverwak Property isdescribed onExhbitIIA atached hereto incorporated heren andmade a parr hereo by reference and has developed on portionsthereo certansdewak andscaping and oher i m p r o v e m e ns kn oirnas IIRiverwalk1 andlHtK1S theCty is theowner o certanar rights the ArRights above rea property owned by the Auchoty whch arrights are moe particularly described on ExhbT B l atachedhereo incorporated heren and made e par hereo by reference and

WHlEAS the City has acquired certanproperty the ParkingDeck Tact locaed indowntown Augusta Georgia whchpropertyismoe particularly aescrbed in Exhbit lie II at Bched nereoincorporated herenand made a parthereo by reference and


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TEL t I 404 251 7152 Jun 06 89 14 10 P 03

WHEREAS Developer has acquired titletoanapproximatelyacreparce1 the Hote 1 Tact which parce 1 ismoe particularlydescribed inExhbit D atached hereto incorporated heren andmade a part hereof by reference and

WHEREAS Developer has acquired titletocertanproperty theParldng Tact whch property ismoe particularly described onExhbit 1 atached hereto incorporated heren and made a parthereo by reference which Parking Tact is tobe leased totheCtyor its assignee Downtown Development Authority o the Cty oAugusta as set fothinSection 9 1 hereo and

WHER AS Developer has acquired titletoanapproximatelyacre parcel the OfficeTact whch parcel ismoe particularlydescribed onExhbit F attached hereo incorporated heren andmade a part hereo by reference and

WHEREAS The ArRights theHoeTact theOficeTact theParking Tact and theParkiThg Deck Tact theParking Tact and theParktng Deck Tact collectively the Authority Tact together areherenafter referred toas the Project Ste and

W H E RAti theCty has applied tor and receved a 7 5bZ 454 00Urban ActionDevelopment Gan the UDAG Gan under Secton 119o theHousing and Community Development Acto 1974 fo the purposeo funding a portion o the cost o financing thedevelopment o thehoe otice building and remaining components o a mixed useproject the Project on the Project Ste the Project aso toincudeaconerencecener and parking taclitjes and

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WHEREAS the parties desre to enter ino Iiths Agreement tocoordinate the jon development and operation o sad Project inmanner which complies wth the requirements terms and condtonso theUDAG Grane

NOW THEREFORE inconsderaiono the premises and themutueagreements and covenans conaned heren and fo oher good andvauableconsderacon the receipt owhch is hereby acknowledgedthe Cty theAuthority and the Developer intending co be legalybound agree as folows

ARTICLE 1 DEFINITIONS AND EXHIBITSSecton1 1 CertanDefined Terms As used inths Agreement

the followng termsshal have the following meaningsAuthority shal refer totheDowntown Development Authority o

the Cty o Augusta Georgia and i s successors and assigns inownership and rights topossessiono theAuthoi y Tact

Governmental ProjectII shal refer to theConference Cener andtheParking Improvements c011ec ivelylAuthoity Tact sha11 refer to the Parking Tace and the

Parking Deck Tact collectivelyCcy shal refer toche CtyAof Augusta GeorgiaC 1cillary Improvementsl shal refer to the improvemencs

described inSecton5 1 hereoConference Cener shal refer to the improvements described in

Secton 4 i a hereo to be constructed by the City in the ArRights

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Consumer Pice Index she11 refer to the IIConsu er Price Indexfo al Urban G o n s u m e r s9 6 7 100 al Cties published by theBureau o Labor Satisticso theUntedSaces Department o Laboo ifsuch ndex is no longer published the ndex mos nearlycomparable thereto

Developer II shal refer to Augusta Rverfron LmtedPartnership a Georgia limted partnership and itssuccessors andassigns inownership o theHoe Tac the Parking Tace and theOficeTract

Project Improvements II shal refer o thellGovernmencalConference Cener and ehe Parking Improvements colectivey

Hocel shal refer tothehoe faclity to be consructed andoperated upon theHoe Tact by Developer pursuant toche termsothsAgreement

Hotel Improvements shal refer to the improvements describedinSecton 2 1 hereo to be constructed by Developer on the HoeTact

Hotel Opening Date shal refer to the daeonwhich theHoeshal ac ually open fo busnesswththepublic

Hoeel TactII shal refer co che certan parce1 o andcontaining approximatelydescribed inExhbit 1 1 1 11 hereo

acres and being moe p rticuarlyIntia Term shal refer to the period commencing the dae

hereo and expiring onDecember 31 2025

Pave u


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Ktchen shal refer to tha area denominated as such onPreliminary Design Plans prepared by Smallwood Reynolds tewarSewart Assocaes and al faclitiesand fixtures located therenas sad area may be modfed by the fina asbult plans preparedfo sad area after same has been constructed sad area shalineude the right o ingressand egress to sucl area rom teConference Cener and theHoe to and fromthe loading dOCK andthe food servcefaclities and toand fromthe loading dock and apub1 ic roadway Sad rights o ingress and egress may be locaedand relocated by the Developer tromtime totime but shal no belocaed inany manner whchshal unreasonably impair theopera iono theConference Center theHoeor the Parking Improvements

IIMaster Development Planll shal refer to that certansteplanfo theProject prepared by Smallwood Reynolds Sewart SewartAssoeiaes daed 19 tl cuy o whch hasbeen intiaed by each o the parties hereto and copies o whchare to be mananed by each o the parties hereto a therprincipal ofices

MOrtgage shal refer to 8 deed to secure debt mortgage oroher security nstrumen encumbering any Tace or any portionthereo

Mortgagee shal refer o thehodero any Mortgageffiee Improvements shal refer to he improvements described

inSecton3 1 hereof to be constructed by Developer on theOficeTact

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GLUVER DRVIS P R TEL r o 404 251 7152 Jun 06 89 14 11 P 04t

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Ofice Tact shal refer to tha certan parcel 01 andcontaining approximately acres and being moe particularlydescribed inExhbit F hereto

Parking Deck shal refer to the twoleve parking deckdescribed inSecton 4 1 b to be constructed by the Authority ontheParking Deck Tact

Parking Deck Tact shal refer totha certanparcel o landowned by theCty and containing approximately acres and beingmoe particuarlydescribed inExhbt e hereo

Parking Improvements shal refer to the Parking Deck and thesurface parking lo improvements described inSecton4 1 b tobeconstructed by theAuthority on the Authority Tact

Parking Tact shal refer totha certanproperty owned bytheDeveloper and leased totheCty or itsassignee theAuthoritywhich property contains approximately acres and is moeparticularly described inExhbit E hereo

Party shal refer totheCty or theDeveloper Collectivelythe Parties

P r e l i mn a r y Conference Center Design Plans shal refer tothose plans and specifications fo the construction o theConference Center moe particularly iden1tied in Exhbit Gatachedhereo

Preliminary Design Plans shal refer to the PreliminaryConference Cener Design Plans thePreliminary Hoe Design Plansthe Preliminary Ofice Design Pans and the Preliminary ParkingDesign Plans collectively

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Pr minary Hotel Des nPans shal refer to those certanns and specifications fo construction o che Parking

moe particularly described inExhbit H atachedretoPreliminary Ofice Design Plans shal refer to those certans and specifications fo constructono theOfice Improvementse particularly described inExhbt Ill atachedheretoPreliminary Parking Design Pans shal refer tothosecertan

and specifications fo constructon o tbe Parkingmoe particularly described inExhbit J atached

reoroiect shal refer to the Hoe Improvements he Ofice

the Governmental Project Improvements and the CtyImprovements colec ively

Project Ste shal refer totheAr Rights theHoe Tacte OticeTact and theAuthority Tact collectively

Term shal mean the Intia Term plus any extenson thereotoArticle 17 hereo during wn1ch ths Agreement remains

foceand effectUDAG Gan shal refer t tha certan Urban Developmenc

tionGan Agreement Number B 87 AA 13 0095 ssued to he Cty oGeorgia by the U S Department o Housing and UrbanonNovember 30 1987 as amended

Unavoidabl e DelaysII shal mean delays due to B rikes ac1s ogovernmental restrictions o preemption o labo ormaeria

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enemy acton nsurrectons fireor casualty oroher evens beyondthe reasonable conroo he Party responsible fo such performance

Section 1 Exhbits Atached hereto are the followngExhbits whchExhbts are incorporated ino and made a part o

Ext1ibit A11thsAgreement foal purposesExhbit I BExhbit II ffExhbit liDExhbit E1xhbit FExhibit IIRExhibit J IIExhbt KExhibit L

Legal Description o Project RverwakPropertyLegal Description oArRightsLegal Description o Parking Deck TactLegal Description oHoe TactLegal Description oParkingOficeTactLegal DescriptionoOficeDeckLstoPreliminary Conference Cener Design PansLstoPreliminary Hoe Design PlansLst oPreliminary OficeDesign PansLsto Preliminary Parking Design Pans

ARTICLE 2 HOTEL IMPROVEMENTSSect ion 2 1 Description o Hoe Im roveroe1ts Developer

shal construct on theHoe Tact a firstcass hoe containing225 guest rooms restauran s lounge s a swimming pools meetingrooms appropriate landscaping driveways and walkways and ocherfaclitiesappropriate fo a firstcass hoe together wthalfurnishings fixtures and equipment necessary fo the operation o

Such improvements theuch improvements as a firstcass hoeHoe Improvements l shal be constructed in conomtch theMaster Development Pan and substanialy in accodance w h chePreliminary Hocel Design Pans

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Secton2 2 Completion oHoe lmprovemen s Developet shalcommence construction o tne Hoe Improvements on or befoeDecember 31 1989 Developer wll cause constructiono theHoeImprovements co proceed diligently and inanorderly nd coodnaedmanner Subject toUnavoidable Delays Developer shal use itsbeseffots to complete he Hoe Improvements and open theHoe fobusiness wth thepublic no later thanApril 1 1991 Such daeor such ocher dae thereafter as theHoe shal actualy open fobusness wth the public is referred to heren as che HoeOpening Date Notwthstanding the foregoing Developer shal nobe required toopen theHoe fo busness Wth the public unclsuch time as theConference Center and theParking I m p r o v e m e n t lj havebeen completed and made avalablefo use by Hoe guests

Secton2 3 Funding oConstructonCosts Up too the costs o constructiono the Hoe Improvements shal befurnshed by the Cty wth a portion o the proceeds o the UDAGGrant Such funds shal be advanced to Developer by the Ccypursuant tothe terms and condtonso thosecertan oandocurnencsdated 1989 between Developer and the Cty Thebalance o thecosrs o constructiono theHoe Improvements shalbe paid fo by equity orprivate financing arranged by Developer

AATICLE 3 OFFICE IMPROVEMEN fSSecton 3 1 Description o Ofice Im rovemens Developer

shal consruct on theOfice Tact a cass A ofice buildingcontaining approximately 128 000 ne renabe square fee o space

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GLOVER DRVIS P R TEL I I 4042517152 Jun 06 89 14 12 P I IIi

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Itogether wth appropriate landscaping driveways and walkways andtogether wthal fj tureB and equipment necessary for the operationo such building and oher improvements as a cass A oficebuilding Such improvements the Ofice Improvements shal beconstructed in conformity wth the Master Development Pan andsubstantially inaccordance wth the Preliminary OficeDesign Plans

Secton 3 L Constructono Ofice Improvements Developershallproceed wth the fina design and constructiono theOficeImprovements in an orderly and coodnaed manner Subject toUnavoidable Delays Developer shal use its best effots tosubstantially complete theOfice Improvements no later than April1 1991

Secton3 3 Funding oConstruction Costs U p too the costs o constructono the Ofice Improvements shal befnanced by the Cty wth a portion o the proceeds o the UDAGGrant Such funds shal be advanced to Developer by the Ctypursuant tothe terms and condtonso thosecertanoandocumentsdated 1989 between Developer and the Cty Thebaance o the costs o constructono the Ofice Improvementsshal be paid fo by equity or private financing arranged byDeveloper

ARTICLE 4 GOVERNMENTAL PROJECT IMPROVEMENTSSecton4 1 Description oGovernmental Project lmprovementsa The Cty shal expend up to Three Mllion Nine Hundred

Thousand Dolars 3 900 000 UO toward thecost o c o n s t r u c to n tnthe Ar RightsQfhe followng improvements the ConferenceCenter

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GLOVER b DRV1S P R TEL I o 404 251 7152 Jun 06 89 14 1 P 06

A ftrstcasB10 5UO square

conerence cener containing approximately afoo balroom 4 200 square feet o breakoumeeting space conerence rooms pre functionareas restroomstelephone banks storage areas an outdoo terrace and oherfaclities and amentes appropriate fo a firstcassconference cener together dthal furnishings fixtures andequipment necessary fo the operation o such faclity as afirstcass conerence cener The conference cener shal beconstructed in conformity wth the Development Plan andsubstantially in accordance wth the Preliminary ConferenceCenter Design Plansb The Cty shal conributeup toThree MllionEight Hundred

SxteenDolars 3 816 000 towards thecost o constructionon theAuthority Tact o the followng improvements the ParkingImprovements

A twoleve parking deck the Parking Deck on the ParkingDeck Tact under and adjacent to the Conference Cener buildingand containing approximately 60Uparking spaces p1us anillumnaed surface parking lo locaed adjacent to theConference Cener and containing approximately 175 parkingspaces together wth reated curbing curb tuts drivewaysproviding access tothe adjacent public streets and appropriatelandscaping The Parking Improvements shal be constructed inconformity wth theMaster Development Panand substantially inaccodancewththePreliminary Parking Design Plans


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GLOVER ORVIS P R TEL I C t 404 51 7152 Jun Ub 9 10 P 13

Secton4 2 ConstructonoGovernmental Project ImprovementsIt is acknowledged and agreed tha the Governmental ProjectImprovements must be constructed simultaneously wth the HoeImprovemenes and muse be substanialy completed on or befoe theHotel Opening Date Bailey Assocaes herenafter referred toasConstructon t1anager has conracted wth Developer to act asexcusve ConstructonManager fo the Hoe Improvements and eheOfice Improvements The Cty and theAuthority shal enter inoconstructon management agreements wth the Constructon Managerwhereby ConstructonManager shal render al servces needed inconnectonwth the design and constructon management o theConference Cener and the Parking Improvements includingadmnstraion supervision and coodnaiono the bidding awardexecuton and performance o ageneral constructioncontract

Secton 4 3 Funding o ConstructonCosts Constructonothe Conference Center shal be a te City s soe cost and expenseony BO lon as such cos does no exceed thesumo 3 900 000 00In Lhe even Lh the coss o construction o said ConerenceGener shouId fo any reason exceed the sum 0f 3 900J 000 001 theDeveloper shal pay any and al such addtiona C08tas and whenthe sameshal become due and payable

Constructono the Parking Improvements shal be at theCity ssoecos and expense only so long as such costso constructondonor exceed 3 816 000 00 Inte even such cosso c o n s c r lc t i o no e ceed 3L 16 OOO 00 fo any eason Developer agrees topay any

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L O vER IA I IS F A TEL No 404 251 7152 Jun 06 89 14 13 P OJ

such addtiona costs as and when the same shal become due anpayable

The term coss oconstruction or constructioncosts as usedin ths sectionshal incudet specifically but no exclusivelyal sums paid by on behaf o Cty or the Authority to anyconracto subcontractor thrdparty laborer or governmentalsupplier performing any such work and al archtecturaengineering surveying and legal fees incurred in connectontherewith al premiums fo insurance coverage required to bemaintained hereunder prior to completion o constructon alreasonabe costst fees and expenses ncurred inobtaining financingfo theParking Improvements intheamoun o 3 816 000 OU throughrevenue bonds issued by the Authority and any oher costs andexpenses incurred by Cty in connection wth the constructonosadConference Center Payment o any portion o such constructoncosts shal no enitleDeveloper toany ownership inerest insadConference Center orParking Improvements

ARTICLE 5 CTY ANCILLARY IMPROVEMENTSSection 5 1 Description o Cty Ancillary lmprovements The

Cty shal construct the followng improvements inconnectonwththeProject the Cty Ancillary Improvementsa The Cty shal extend the Rverwak project located upon

and along the Savannah Rver levee trom Eighth Sree to a pointwhere Tenth Sree woud inersect the levee ifitconnued inastraight 1 inenoth from itsinersectionwth Broad Sree Such


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GLOVER DAVIS P A TEL No 404 251 7152 Jun 06 89 14 13 P

extension shal include tmprovements and landscaping comparable ttha portion o theextsting Riverwalk project located between Sxtand Eightht reets

b The Cty shal extend to and over theHoe Tact thAuthority Tact and theOficeTact sanitary sewer and domestiwaer lines and stom drainage lines and faclities providingadequate capacity to servce the requirements o the HoteImprovements theConference Center and the Ofice Improvements

c The Cty shal resurface relight landscape and oherwseupgrade and improve Nnh and Tenth Streets between Reynolds Sreeand theRiverwalk project inaccordance wth the Master DevelopmenPlan so as to complement the Hotel Improvements and the OficeImprovements respectively Such improvements shal includeconstructon o bricked turnaround areas shown on the MasterDevelopment Plan

Section 5 2 Construction o Cty Ancillary Improvements TheCty shal coodnae constructon o the City AncillaryImprovements tothemaximum exten possible wth theconstructonothe Hotel Improvements the Governmental Project Improvements andthe Ofice Improvements Further suCh constructon shal beimplemented pursuan toa schedule whichwll enable Developer theCty and the Authority tomanan ther respective constructonschedules Subject to Unavoidable Delays the Cty shal use itsbest effot tocomplete al Cty Ancillary Improvements onor beforethe Hoe Opening Date


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GtOV R ORVIS P R TEL I o 404 251 7152 Jun 06 89 14 14 P 09r

Secton 5 3 Funding o ConstructonCosts ConstructonotheCty Ancillary Improvements shal be a theCty s soecost andexpense but innoeven shal theCty be required toexpend fundstherefo in excess o 5 lOU O O U O O fo such Cty ancillaryimprovements referred toinsubparagraph a oSecton5 1 aboveand innoeven shal theCty be required toexpend funds inexcesso 1 300 000 fo such Cty ancillary improvements described insubparagraph b and c o sad section Inthe even such maximumsums are insufficen to construct al o the respective CtyAncillary Improvements the Cty shal determine those portions tobe letunnshedafter consultingwthDeveloper

ARTICLE 6 GENERAL PROVISIONS REGARDING CONSTRUCTIONSecton 6 1 Performance o Construction Each Party shal

perform itsconstructioninaccordance wth the applicable approvedplans therefo wth due diligence and ina good and workmanlikemanner using first cass maerias and in accordance wthalapplicable laws odnances rues and regulations o algovernmental agencies and authoities having jurisdiction over suchconstructon In the performance o its constructon no Partyshal materially inerferewth any constructonbeing performed byanoher Party cause any oher Party any delay inor ncrease inthecost oconstructono ther respective improvements or impair theuse occupancy or enjoyment o any oher Partyts improvements Ifany constructonononeTact shal be inprocessat any timeafterthe improvements locaed on any oher Tact shal have opened fo


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G L C i n F f DRIS P R TEL I o 404 251 7152 Jun 06 89 14 15 P l0

business wth the public then the Party carrying on suchconstructonshal erect or cause to be erected adequate paintedconstructon barricades a least eight 8 feet in hetghtsubstantially enclosing the area o construction until suchconstructonshal have been substantially completed

Section 6 2 Liens The Developer agrees tha in the evenany mechanic I s lienor oher statutory lienshal be filed duringthe termo ths Agreement against alor any portiono the ProjectSte theDeveloper shal pay and discharge the sameor bond oforotherwise cause such lien to be discharged o recod and shalindemnify and saveharmless the oher Party hereto and itssuccessoand assigns from al losses damages liability expenses or claimswhatsoever including reasonabe attorney I s fees and the costs odefending against the foregoing resulting from the assertono anysuch liens

Section 6 3 Addtiona Construction After the Project hasbeen completed Developer and theCty shal eachhave the right tomake such ateraions modfcaons expansions or additions tother respective Hoe and Ofice Improvements and GovernmentalProject Improvements which i do no materially change orater thearchtectura elevations or design or the exterio buildingmaerias o the same and ii do no impair access between andamong the sad improvements Nether the Cty nor the Authorityshal expand ormaterially ater ormodify the Governmental ProjectImprovements at any time during the Intia

Resolution Regarding Agreements Augusta River Front Limited Partnershippgs1-20

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Transcript of Resolution Regarding Agreements Augusta River Front Limited Partnershippgs1-20