Common use of Duties of Redeveloper Clause in Contracts

Duties of Redeveloper. Redeveloper shall perform the following duties in furtherance of carrying out the Redevelopment Project pursuant to the Redevelopment Plan. (1) Retain various professionals deemed necessary or appropriate by Redeveloper, who have, among other things, reviewed the needs and estimates of the Project. (2) Following commencement of construction, to undertake the Project as more specifically set forth herein. (3) Cooperate with and assist in the formation of one or more written agreements and such other endeavors the Redevelopment Entity deems prudent with the City, NJDEP, NJ Transit, NJDOT, and any other necessary parties required to effectuate the Redevelopment Project pursuant to the Redevelopment Plan and this Redevelopment Agreement, in all cases subject to the approval of Redeveloper. (4) Submit to Arbitration pursuant to Section 14.1 hereof, in the event of a dispute with the Redevelopment Entity with respect to issues that this Agreement contemplates being resolved by Arbitration. (5) Work cooperatively with the City and various professional consultants with respect to the redevelopment in the Redevelopment Area. (6) Abide by all Ordinances of the City of Orange Township and the laws of the State of New Jersey, applicable to the Redevelopment Project. (7) Redeveloper shall have the right to choose its professionals/consultants in its sole discretion. (8) Pay Redevelopment Entity Costs when and if same become due, which Redevelopment Entity Costs Redeveloper shall have the right to review and approve prior to authorization of payment thereof. Payment of Redevelopment Entity Costs shall be satisfied by Redeveloper’s funding of the escrow account pursuant to the Escrow Agreement, pursuant to which Redeveloper will replenish such escrow fund to a balance of $15,000 within fourteen (14) days following receipt of written notice from the Redevelopment Entity that the escrow fund reaches a balance of $5,000. (9) Coordinate and work cooperatively with Redevelopment Entity in the design and construction of the Garage. For the avoidance of doubt, the Redevelopment Entity shall not in any way be responsible for any financing or funding of the costs relating to the design or construction of the Garage.

Duties of Redeveloper. Redeveloper shall perform the following duties in furtherance of carrying out the Redevelopment Project pursuant to the Redevelopment Plan. (1) Retain various professionals deemed necessary or appropriate by Redeveloper, who have, among other things, reviewed the needs and estimates of the Project. (2) Following commencement Use good faith efforts to acquire properties (including satisfying all of constructionRedeveloper’s obligations required under this Redevelopment Agreement as a condition precedent to having the Redevelopment Entity exercise powers of Eminent Domain, to undertake the extent Redeveloper’s commercially reasonable efforts do not secure such properties) not already owned by the Redeveloper at the times and pursuant to the other terms and conditions set forth in Section 5.1 hereof to complete the assemblage of the Project Site. (3) Undertake the Project as more specifically set forth herein. (34) Cooperate with and assist in the formation of one or more written agreements and such other endeavors the Redevelopment Entity deems prudent with the City, NJDEP, NJ Transit, NJDOT, and any other necessary parties required to effectuate the Redevelopment Project pursuant to the Redevelopment Plan and this Redevelopment Agreement, in all cases subject to the approval of Redeveloper. (45) Submit to Arbitration pursuant to Section 14.1 15.1 hereof, in the event of a dispute with the Redevelopment Entity with respect to issues that this Agreement contemplates being resolved by Arbitration. (56) Work cooperatively with the City and various professional consultants with respect to the redevelopment in the Redevelopment Area. (67) Abide by all Ordinances of the City of Orange Township and the laws of the State of New Jersey, applicable to the Redevelopment Project. (7) 8) Redeveloper shall also have the right to choose its professionals/consultants in its sole discretionconsultants. (8) 9) Pay Redevelopment Entity Costs when and if same become due, which Redevelopment Entity Costs Redeveloper shall have the right to review and approve prior to authorization of payment thereof. Payment of Redevelopment Entity Costs shall be satisfied by Redeveloper’s funding of the an escrow account pursuant to an escrow agreement to be agreed to by the Escrow AgreementParties), pursuant to which Redeveloper shall fund an initial balance of $20,000, and the Redeveloper will replenish such escrow fund to a balance of $15,000 10,000 within fourteen (14) days following receipt of written notice from the Redevelopment Entity that the escrow fund reaches a balance of $5,000. Redeveloper shall fund such escrow account within thirty (30) days of the Effective Date of this Agreement. (910) Coordinate and work cooperatively with Redevelopment Entity in the design design, financing, and construction of the GarageAdditional Improvements. For the avoidance of doubt, the Redevelopment Entity shall not in any way be responsible for any financing or funding of the costs relating to the design or construction of the GarageAdditional Improvements.

Duties of Redeveloper. Redeveloper shall perform the following duties in furtherance of carrying out the Redevelopment Project pursuant to the Redevelopment Plan. (1) Retain various professionals deemed necessary or appropriate by Redeveloper, who have, among other things, reviewed the needs and estimates of the Project. (2) Following commencement of construction, to undertake Undertake the Project as more specifically set forth herein. (3) Cooperate with and assist in the formation of one or more written agreements and such other endeavors the Redevelopment Entity deems prudent with the City, NJDEP, NJ Transit, NJDOT, and any other necessary parties required to effectuate the Redevelopment Project pursuant to the Redevelopment Plan and this Redevelopment Agreement, in all cases subject to the approval of Redeveloper. (4) Submit to Arbitration pursuant to Section 14.1 hereof, in the event of a dispute with the Redevelopment Entity with respect to issues that this Agreement contemplates being resolved by Arbitration. (5) Work cooperatively with the City and various professional consultants with respect to the redevelopment in the Redevelopment Area. (6) Abide by all Ordinances of the City of Orange Township and the laws of the State of New Jersey, applicable to the Redevelopment Project. (7) Redeveloper shall also have the right to choose its professionals/consultants in its sole discretionconsultants. (8) Pay Redevelopment Entity Costs when and if same become due, which Redevelopment Entity Costs Redeveloper shall have the right to review and approve prior to authorization of payment thereof. Payment of Redevelopment Entity Costs shall be satisfied by Redeveloper’s funding of the escrow account pursuant to the Escrow Agreement that has already entered into between the Redeveloper and the City. In the event that the Redeveloper terminates this Redevelopment Agreement, pursuant the Redeveloper shall be responsible to which Redeveloper will replenish such reimburse the City out of the escrow fund to a balance of $15,000 within fourteen (14) days following receipt of written notice from governed by the Escrow Agreement for all Redevelopment Entity that Costs incurred through the date of termination of this Agreement and for all Redevelopment Entity Costs necessary to implement the termination of this Agreement, and then any remaining funds in the escrow fund reaches a balance of $5,000. (9) Coordinate and work cooperatively with Redevelopment Entity in will be returned by the design and construction of the Garage. For the avoidance of doubt, the Redevelopment Entity shall not in any way be responsible for any financing or funding of the costs relating City to the design or construction of the GarageRedeveloper.