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supplied or approved plans and/or specifications for the Improvements and regardless of whether any <br /> insurance required under this Agreement is applicable to any Claims. <br /> 12. DEFAULT. The failure to maintain the Improvements will constitute an event of default. <br /> Upon such event of default, the City shall provide written notice to the Developer. Upon receipt of the <br /> written notice,the Developer shall have thirty (30) days to remedy such event of default(or such longer <br /> period of time as may reasonably be required, provided that the Developer shall commence to remedy <br /> such default within thirty(30)days period and thereafter diligently prosecute such remedy to completion). <br /> If the Developer fails to remedy the event of default within the prescribed time period,the City shall have <br /> the right to do all work necessary to remedy the event of default and charge the Developer actual costs <br /> incurred by the City for such work. <br /> 13. ASSIGNMENT BY CITY. The City shall have the right at its option to assign its rights <br /> and obligations under this Agreement to a municipal services district or other public agency without <br /> consent of the Developer. <br /> 14. AGREEMENT ATTACHES TO LAND AND BINDS DEVELOPER'S SUCCESSORS <br /> AND ASSIGNS. This Agreement pertains to and runs with the Property in perpetuity, and shall be <br /> recorded against the Property. This Agreement binds the assigns and successors-in-interest of the <br /> Developer,including any transferee of a fee interest. The City and its successors and assigns,in the event <br /> of any breach of this Agreement, shall have the right to exercise all of the rights and remedies, and to <br /> maintain any actions at law or suits in equity or other proper proceedings against the Developer or its <br /> permitted successors and assigns to enforce the curing of such breach. <br /> 15. ASSIGNMENT BY DEVELOPER. The Developer may assign its obligations under this <br /> Agreement only with the prior written approval of the City. In connection with any such assignment,the <br /> Developer and its assignee shall execute and deliver to the City a written assignment and assumption <br /> agreement in a form acceptable to the City Attorney. <br /> 16. NOTICES. Any notices relating to this Agreement shall be given in writing and shall be <br /> deemed sufficiently given and served for all purposes when delivered personally or by generally <br /> recognized overnight courier service, or five(5) days after deposit in the United States mail, certified or <br /> registered,return receipt requested,with postage prepaid,addressed as follows: <br /> To the Developer: FSDW-Redwood City LLC <br /> 11921 Freedom Drive,Suite 950 <br /> Reston,VA 20190 <br /> Attn:David F.Faeder <br /> With a copy to: FSDW-Redwood City LLC <br /> William D. Shields <br /> 12701 Treeridge Terrace <br /> Poway,CA 92064 <br /> To the City: City of Redwood City <br /> 1017 Middlefield Road <br /> Redwood City,CA 94063 <br /> Attn:City Manager <br /> REV:07-22-14 VR <br /> Page 5 of 12 <br /> ATTY/AGR.2014.131/FSDW-Redwood City LLC(2808 ECR)_LMA <br />