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set out above, the LICENSEE expressly waives any rights under California Civil Code Section 1542, which provides: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TQ EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.n 25. EfFect of Redevelopment Dissolution Act. The parties acknowledge and understand that with the passage of ABx1 26, the Dissalution Act (which took effect on December 29, 2011 upon issuance of a California Supreme Court decision in California Redevelopment Assaciation v. Matosantos (5194861} upholding the Dissolution Act as constitutianal}, the dissolution of the Redwood City Redevelopment Agency (which took effect an February 1, 2012 per the California Supreme Court decision), and additional amendments ta the Dissolution Act, the state of the City Property transfer from the Redwood City Redevelopment Agency to CITY is in flux. The Department of Finance and the State Controller have reviewed the City Property transfer and have not objected to the City Property transfer. CITY in good faith believes that its execution of this Agreement is permitted by the Dissolution Act and the Dissolution Act Amendment. However, given the uncertain state of related laws, uncertainty as to the full effect of the Dissolutian Act or its amendments, and the possibility of future legislative enactments, City expressly disclaims any representation or warranty to that effect (written or oral, or express or implied) and LICENSEE expressly acknowlsdges and agrees that upon direction from the State of California or San Mateo County, CITY may have to revoke the license granted hereunder. LICENSEE REPRESENTS AND WARRANTS TO CITY THAT IT HAS READ AND UNDERSTANDS THE CONTENTS OF THIS LICENSE, HAS HAD AN OPPORTUNITY TO REVIEW AND DISCUSS IT WITH CQUNSEL OF ITS CHOOSING, AND AGREES TO COMPLY WITH AND BE BOUND BY ALL OF ITS PROVISIONS. IN WITNESS WHEREOF the parties have executed this Agreement as of the day and date first above written. REDWOOD CITY: LICENSEE: �Y�►nl�. SSD G�,cJ�rteV� �-�'G ��By� � �.iM o r �{ Q„�;��'YI� " gy:c' Melissa Stevenson Diaz, � Name: rl�i c.InGe,{ � rv City Manager Its: By: Name: Its: E T: � S�I ia Vo inden, City Clerk REV: 11-30- VR Page 11 of 12 ATTY/AGR2015.2651PREMIA DEVELOPERS/BRADFORD PARKING