Resolution 4870 - Laserfiche WebLink

(4) All plans, documents and specifications for any fill completed or contemplated on the Transfer Lots. CSR-Associated's obligations to provide accurate information regarding the Transfer Lots, as described in this subsection, shall be a continuing obligation and, on or before the date that CSR-Associated notifies the City of its intent to convey each of the Transfer Lots to the City. CSR-Associated shall provide to the City any additional information of the kind described in this subsection and obtained by CSR-Associated since the prior transmittal to the City of such information. 1.3 Inspection Contingency. As used herein, the term "Inspection Period" shall mean the period commencing on the day following CSR-Associated's written notice of its intent to convey each of the Transfer Lots to City and terminating sixty(60) days thereafter. City's obligations under this Agreement are contingent on City's satisfactory completion of its inspection, review, examination and investigation of all matters pertaining to each of the Transfer Lots, including, without limitation: conducting soils, geotechnical and environmental studies and assessments; reviewing the documents and information provided by CSR-Associated hereunder; and conducting or undertaking any other analyses City deems necessary or advisable to determine that the Transfer Lots are consistent with the terms of this Agreement. City shall perform and complete, at its expense, all of its due diligence and if the City determines in its own discretion that the proposed Transfer Lot is not consistent with the terms of this Agreement, the City may exercise its remedies under Section 1.10 of this Agreement by written notice to CSR- Associated on or before 5:00 P.M., Seattle time, on the last day of the Due Diligence Period. If City does not deliver such notice to CSR-Associated on or before the expiration of the Due :\GDoughty\WINWORD\CSR\AgreementFinal.doc 9 Seattle/2.8.00