Agmt04 El Camino & Vera Street - Laserfiche WebLink

Browse Search

determination by the Agency as to the impacts of the Project on the environment or a waiver of the Agency's rights and obligations with respect to the review of such impacts. The Project must comply with the requirements of CEQA. Section 9. Development Approvals. The Project is subject to the City's normal development and approval processes, and nothing contained herein shall be deemed an approval of any aspect of the Project. Section 10. Effect of Aqreement. a. The parties acknowledge that nothing contained in this Agreement shall be deemed a covenant, promise or commitment by the Agency, the City or any other agency of the City, to enter into a DDA with the Developer on any particular terms or conditions, or to acquire property in furtherance of the Project. The Agency's execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by the Agency, the City or other City agencies to the legislative bodies thereof. b. This Agreement is the complete and total understanding of the parties with regard to the subject matter hereof. Any changes, modifications or addendums to this Agreement must be in writing, signed by all parties and approved by the Board of the Agency. c. Nothing contained In this Agreement shall be construed to require, or have the effect of requiring, the Agency to take any action that is inconsistent with any applicable law, rule or regulation which governs the Agency's actions. d. The parties acknowledge that the final form of any proposed DDA may have to contain matters not contemplated by this Agreement, and the provisions hereof are not intended to comprehensively identify all issues or matters that will be included within the terms of such a DDA. Section 11. Notices. Any notice, payment or instrument required or permitted by this Agreement, or desired to be given by any party hereto, shall be deemed to have been received: (i) on the day of delivery if personally delivered; (ii) on the day following the date such notice is sent by recognized overnight delivery 5 .