Agmt04 El Camino & Vera Street - Laserfiche WebLink

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Community Parcel and the Habitat Parcel. Said parcel map will establish the exact boundaries of the individual parcels. The parties further acknowledge that a general plan amendment, a zoning map change and a precise plan are required from the City in order for the Project to be constructed. Section 7. Disposition and Development Aqreement. If the Agency and the Developer are able to agree upon the terms of a DDA (and the terms of a DDA with First Community), the Agency will cause the preparation thereof, and the DDA, after execution by the Developer, shall be submitted to the Board of the Agency for consideration, after any required public notices have been given. Any action by the Board of the Agency to approve or disapprove the DDA shall terminate this Agreement. Section 8. Developer's Disclosure ObliGations. The Developer shall disclose to the Agency the following information: a. All principals, officers, partners, joint venturers, employees, associates and affiliates of the Developer (i) who are participants or principals in the Developer, (ii) who have or will have after the transfer of the Habitat Parcel to the Developer any economic interest in this Agreement, the proposed DDA, the Project or any of the Property, or (iii) who have a family or other material relationship with any official, elected or appointed, or any other employee of the City or the Agency. b. The Developer shall provide the Agency with pertinent information regarding any contemplated sources of funds for the development of the Project, whether from commercial lenders, private parties, governmental programs or otherwise, and upon which the Developer will rely in planning, designing, developing and/or constructing the Project. c. The Developer will disclose to the Agency any and all other information that would reasonably bear upon or affect the decisions of the Agency or the Board in negotiating or approving the DDA, including, without limitation, any financial information concerning the Developer that would affect the Developer's ability to perform its obligations under this Agreement or the proposed DDA. Section 8. Environmental Compliance. The Project is or may be subject to the California Environmental Quality Act ("CEQA"), and nothing contained herein shall be deemed a 4 . .. .