What right does the City have regarding curing an Event of Default by the Contractor?

The City has the right to cure an Event of Default by the Contractor and charge the Contractor for costs incurred, as this provides a mechanism to ensure compliance with the terms of the agreement. This authority allows the City to take corrective action to resolve any defaults, thereby protecting public interest and ensuring that projects continue to move forward without significant delays.

By charging the Contractor for the costs, it reinforces accountability and incentivizes the Contractor to adhere strictly to the agreement's terms. This approach balances both the needs of the City to maintain project integrity and the Contractor's responsibilities under the agreement.

In contrast, curing an Event of Default without charging the Contractor could create an expectation of leniency that might undermine the seriousness of the contractual obligations. Ignoring an Event of Default is not a viable option, as it could lead to worsening conditions or prolonged issues that could affect the project. Finally, the right to terminate the Agreement immediately is an extreme measure and does not reflect a constructive approach to resolving contractual issues, as it would prevent any opportunity for the Contractor to rectify the default.