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AgdaPkt 2017-09-11 Closed and Joint SA PFA
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AgdaPkt 2017-09-11 Closed and Joint SA PFA
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Last modified
9/21/2017 12:51:50 PM
Creation date
9/7/2017 6:06:39 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
9/11/2017
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Page 43 <br /> 6.1.A. - <br /> or Claims against the City, its authorized agents, officers, officials or employees shall be <br /> allowed, the Developer shall pay for all costs and expenses in connection herewith. This <br /> section shall not apply to any claims, demands, suits, damages, liabilities, losses, <br /> accidents, casualties, occurrences, and payments, including attorney fees claimed which <br /> arise due to the gross negligence or willful misconduct of the City. <br /> 11. No Additional Liability. It is the intent of this Agreement to insure the proper <br /> maintenance of the stormwater treatment measure(s) by the Developer; provided, <br /> however, that this Agreement shall not be deemed to create or effect any additional liability <br /> not otherwise provided by law of any party for damage alleged to result from or caused by <br /> storm water runoff. <br /> 12. Performance Financial Assurance. The City may request the Developer to <br /> provide a performance bond, security, or other appropriate financial assurance providing <br /> for the maintenance of the stormwater treatment measure(s) pursuant to the City <br /> Stormwater Regulations. <br /> 13. Transfer of Property. This Agreement shall run with the title to the land and any <br /> portion thereof. The Developer further agrees whenever the Property or any portion <br /> thereof is held, sold, conveyed or otherwise transferred, it shall be subject to this <br /> Agreement which shall apply to, bind and be obligatory to all present and subsequent <br /> owners of the Property or any portion thereof. <br /> 14. Notices. The name of the persons who are authorized to give written notices or <br /> to receive written notice on behalf of City and on behalf of the Developer under this <br /> Agreement. <br /> For City: For Lessee: <br /> City of Redwood City Lane— Broadway, LLC <br /> 1017 Middlefield Road 644 Menlo Ave., 2nd Floor <br /> Redwood City, CA 94063 Menlo Park, CA 94025 <br /> (650) 780 - 7000 Attn: Scott Smithers <br /> Attn: City Manager <br /> With a copy to: <br /> Aaronson Dickerson Cohn & Lanzone <br /> 1001 Laurel St., Suite A <br /> San Carlos, CA 94070 <br /> Attn: Camas J. Steinmetz <br /> For Property Owner: <br /> BAE-Gem Properties <br /> 115 Dean Road <br /> Woodside, CA 94062 <br /> Attn: Vera Goldsmith <br /> REV:08-31-17 VR <br /> Page 5 of 12 <br /> ATTY/AGR.2017.203/Lane Partners, LLC-STMMA <br />
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