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7.1 .B. - Page 49 <br /> expense. The City reserves the option to record such release of this Agreement. The <br /> stormwater treatment measure(s) shall not be removed from the Property unless such a <br /> release is so executed and recorded. <br /> 21. Effective Date and Modification. This Agreement is effective upon the date of <br /> execution as stated at the beginning of this Agreement. This Agreement shall not be <br /> modified except by written instrument executed by the City and the Property Owner at <br /> the time of modification. Such modifications shall be effective upon the date of <br /> execution and shall be recorded. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement as of the <br /> date first stated above. <br /> PROPERTY OWNER <br /> SunCap Investments LLC, 7,„ <br /> a North Carolina limited liability company <br /> By: , (NAME) <br /> a Delaware limited Iiabil' any, <br /> its managing member <br /> By: <br /> Name: ,� r ,0„(- K <br /> Title: 77, <br /> (. <br /> [Signature must be notarized] <br /> CITY <br /> CITY OF REDWOOD CITY, a <br /> municipal corporation <br /> Robert B. Bell, City Manager <br /> [Signature must be notarized] <br /> ATTEST: <br /> Silvia Vonderlinden, City Clerk <br /> REV:02-20-15 VR <br /> Page 7 of 9 <br /> ATTY/AGR.2015.035/SunCap Redwood LLC (STMMA) <br />