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Agmt17 Successor Agency
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Agmt17 Successor Agency
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Last modified
2/16/2017 4:39:05 PM
Creation date
2/16/2017 4:35:51 PM
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Template:
Agreement
Contractor Name
Successor Agency to the Former Redwood City Redevelopment Agency
PROJECT NAME
Expenditure of Excess Bond Proceeds
RMP File Number
505
Date
2/16/2017
MO Ref
17-025, 17-026
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6. Severabilitv. If any term, provision, covenant, or condition set forth in this <br />Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void <br />or unenforceable, the remaining provisions, covenants, and conditions shall continue in full force <br />and effect to the extent that the basic intent of the Parties as expressed herein can be <br />accomplished. In addition, the Parties shall cooperate in good faith in an effort to amend or <br />modify this Agreement in a manner such that the purpose of any invalidated or voided provision, <br />covenant or condition can be accomplished to the maximum extent legally permissible. <br />7. No Third-Partv Beneficiaries: Assienments. Nothing in this Agreement is <br />intended to create any third -party beneficiaries to this Agreement, and no person or entity other <br />than the Successor Agency and the City, and the permitted successors and assigns of either of <br />them, shall be authorized to enforce the provisions of this Agreement. <br />8. Further Assurances. Each Party agrees to execute, acknowledge and deliver all <br />additional documents and instruments, and to take such other actions as may be reasonably <br />necessary to carry out the intent of the transactions contemplated by this Agreement. <br />9. Goveminv Law. This Agreement shall be governed by and construed in <br />accordance with the laws of the State of California. <br />10. Counterparts. This Agreement may be executed in counterparts, each of which <br />shall be deemed an original and all of which shall constitute but one and the same instrument. <br />11. Amendment. This Agreement may be modified or amended, in whole or in part, <br />only by an instrument in writing, executed by the Parties. <br />IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first <br />written above. <br />[Signatures on following page] <br />ATTY/AGR/2017.025/BOND EXPENDITURE AGREEMENT SA-RWC <br />REV: 02-01-17 VR <br />Page 3 of 4 <br />
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