Laserfiche WebLink
37. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br /> term 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 /> including indemnification. <br /> IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br /> Date, <br /> DEVELOPER <br /> Sum . 1. ill 151/ CR r, <br /> a Ca f9 isl' u•tedlia2 &AA co ,.an <br /> •sar . r <br /> Ka a ' ama gar <br /> Executive Vice President/Managi 4 lirector <br /> [Signature must be notarized] <br /> Jason ggs, General Counsel <br /> [Signature must be notarized] <br /> CITY <br /> CITY OF REDWOOD CITY, a <br /> charter city and municipal corporation <br /> ' .2 r c`e-C✓L,'✓t UJdd L1f z I^��, <br /> Mel: sa Stevenson Diaz, City Manager <br /> Si• latu • ust be notarized[ <br /> s <br /> . ilvia 7 Trnden, City Clerk <br /> REV: 06-02-16 VR <br /> Page 12 of 12 <br /> ATTY/AGR.2016.116/150 ECR - SummerHill - IA <br />