8. Termination: The CRA shall have the right to terminate this Agreement for

Community Redevelopment Agency · 2026-06-17 · agenda_item

This item concerns a potential agreement termination clause for a project. The Community Redevelopment Agency (CRA) has the right to end an agreement if terms are not met, such as failing to start work on time, not getting project modification approval, or not meeting required matching funds. If a project on public land is terminated, the CRA can remove improvements or claim them. This matter is currently under review. The potential termination of an agreement could impact future project phases, including site preparation, construction, and final improvements. Contractors, suppliers, and service providers interested in future work related to CRA projects are encouraged to monitor this review process. Understanding the terms and conditions of such agreements early can provide a competitive advantage.