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2000-266C
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2000-266C
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Last modified
7/18/2024 3:17:44 PM
Creation date
7/16/2024 10:53:09 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/07/2000
Control Number
2000-266C
Agenda Item Number
10.B.3.
Entity Name
Dodgertown
Los Angeles Dodgers, Inc.
Subject
Development Agreement
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171 <br />40 <br />i <br />restoration of any damaged construction work, or act as a waiver of the right of the County to require the <br />fdfillment of all of the terms hereof. Notwithstanding any provision of this Section 8.3 to the contrary, the <br />County shall be deemed to have a property interest in and to the material and work prior to the Final <br />Completion of the Project, to the extent, if any, as may be necessary to retain all the benefits and <br />protections afforded to the County and the Dodgers by the terms and provisions of any insurance policy <br />or performance bond. <br />8.4. Rgq]jisitions for Payment. There shall be a weekly progress meeting pursuant to Section <br />7.3 with the Design Build Firm, at which time the parties will consider and review the Design Build Firm's <br />proposed Requisition for Payment for that month, which Requisition shall precede formal requests for <br />Payment by the Design Build Firm. On or before the 25th day of each calendar month, the Dodgers shall <br />submit to the County a Requisition in accordance with the Draw Schedule and based on the percentage <br />of work completed and materials delivered to the Project or stored off-site, less the amount of prior <br />Payments. The submission of a Requisition signed by the Rodgers will constitute a representation by <br />Dodgers that the construction work has progressed to the point indicated and that„ to the best of the <br />Dodgers' knowledge, infomnation and belief, the work has been performed in accordance with the Design <br />Build Agreement and the Construction Drawings. <br />8.5 RRquj5iJJon Approval. Within five (5) business days after receipt of the Requisition, the <br />County shall approve and forward the same to the County Clerk for Payment with respect to all Project <br />Costs or notify the Dodgers in writing that the Requisition has been denied in whole or in part, following <br />which the Dodgers shell be entitled to true any deficiencies in the denied portion of the Requisition. Upon <br />the County Clerk's receipt of a Requisition as provided in this Article VNI, the County Clerk shall make <br />Pavment within ten (14) business days. All Requisitions submitted by the Dodgers for purposes of paying <br />any Project Costs associated with the Improvements and due to third patties shall be deemed reasonable <br />and shall be approved by the County. <br />8.6. Source of Payment. Notwithstanding any other term of this Agreement the parties hereto <br />agree that the obligation to make any Payment of the Project Costs shall be satisfied solely to the extent <br />there are amounts on deposit in the Construction Fund sufficient to pay the amount owed and thereafter <br />to the extent there are amounts on deposit in the Capital Reserve Account or from Dodeers' Funds. <br />a6 / <br />
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