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37. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br /> terra and condition hereof. <br /> 38. Runs with the Land; Recordation, This Agreement pertains to and shall run with the <br /> Property. Upon execution, this Agreement shall be recorded in the Official Records of San Mateo <br /> County. Upon completion of performance and satisfaction by Developer of its obligations under this <br /> Agreement, including warranty obligations, a written statement shall be recorded by City in the Official <br /> Records of San Mateo County terminating this Agreement and releasing all of the Property. The recorded <br /> written statement does not release the parties from obligations that survive termination of the Agreement, <br /> hid tiding indemni fication, <br /> IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br /> Date. <br /> DEVELOPER <br /> R�C Irl� iC r r iunities LLC, a <br /> Delaware I�i , ' ility company <br /> By: ' ovft <br /> Name: =+ � <br /> EPH 1,....t . tt.-So <br /> Title: Atcimpat yen C31GrSAtDia-y <br /> /Signature must be notarized/ <br /> CITY <br /> CITY OF REDWOOD CITY, a <br /> charter_city and muni al-corporation <br /> Robert&:Be11;City-Manager <br /> "Act owAter+r., re K. t ✓. e t-t '-y C° E4. a..., ea, Lt.- it <br /> k.e must sized] <br /> di <br /> ilvia Von '4 rl �e�!! City Clerk <br /> REV: 06-04-15 VR <br /> Page 12 of20 <br /> ATTY/AGR.2015. 115/Blu Harbor <br />