RES 83194 - Laserfiche WebLink

III. TIME OF COP,E4ENCE~jZNT The work to be performed under this agreement shall be commenced at such time in the future as is deemed necessary by the City Engineer. Upon notification that the work is necessary, Property Owner shall commence construction within a reasonable time there- after and shall diligently pursue the work to completion, IV. MASTER CONTRACT City reserves the right to have all or a portion of the work specified herein done as part of a larger project by means of a master contract. In the event work is done pursuant to such a master contract, Property Owner hereby agrees to pay his share of the cost of the master contract, to be determined on a pro rata basis, within thirty (30) days of notification by the City Engineer of the completion of the work and the calculation of the amount of the pro rata share of the costs involved. V. DEFAULT: LIEN AGAINST PROPERTY In addition to other remedies allowed by law, the performance of the obligation of Property Owner contained herein are secured by the property described in Exhibit "A". In the event Property Owner should default on any obligation contained herein, City may exercise a power of sale of the site, pursuant to the provisions of ~e then existing State law, in order to satisfy the obligation contained herein. The election to cause the property to be sold may be rescinded by Property Owner if, after the filing of the notice of default and before the sale, Property Owner performs the obligations described herein as well as reimburses City for all costs, fees, and expenses of bringing this action. VI. ATTORNEY'S FEES If City co~nences an action against Property Owner arising out of or in connection with this agreement, City shall be entitled to have and recover reasonable attorney~s fees and costs of suit.