1987-142 - Laserfiche WebLink

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40 deletions and changes as they shall approve, their execution thereof to constitute conclusive evidence of such approval. Such Consents shall be recorded in the Official Records of the County. In appropriate cases, the County may require the owner of a property to be assessed to agree to provide and keep in full force a letter of credit or other security, in form and substance acceptable to the County, with respect to the payment of such Assessment, prior to permitting such owner to consent to the Imposition of such Assessment. In the event that such owner fails to timely so provide such letter of credit or other security, said consent shall be deemed null and void and of no force or effect. In the event that it appears at any time that any such letter of credit or other security is not going to be renewed, replaced or otherwise kept in force, the County, within a reasonable period of time prior to the termination of such letter of credit or other security, may declare the entire outstanding amount of the corresponding Assessment, together with the accrued interest thereon and an appropriate interest and/or prepayment charge, immediately due and payable and may draw on or otherwise collect upon such letter of credit or other security to satisfy such Assessment. The letter of credit shall be substantially in the form attached hereto with such additions, deletions and changes as may be approved by the appropriate officials of the County, their acceptance thereof to constitute conclusive evidence of such approval. Said officials of the County are also authorized to execute similar consents on behalf of the County in connection with the special assessments in lieu of impact fees to be imposed by the City in connection with the Project. SECTION 10. MISCELLANEOUS. The appropriate officials of the County are hereby authorized to take all actions necessary or desirable in connection with the Resolution. 5