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Agmt04 cinema - closing docs
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Agmt04 cinema - closing docs
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Last modified
7/5/2005 2:27:38 PM
Creation date
12/6/2004 9:14:09 AM
Metadata
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Template:
Agreement
Contractor Name
numerous files
PROJECT NAME
Cinema - closing documents from escrow
RMP File Number
100 bin 24
Date
11/29/2004
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<br />. FEH'~13-200j lHU O~:bU An IHt lNN¡;:¡t'Ktt vUlJrHrur:.ù rn/ì 1M '"tl...J...J...JL...J'"tl .. ~~. <br />fED 13 2003 9;3?R~ CITY ATTORNEY OFFICE 650 ?BO 5963 p.~ <br /> <br />¡ (.0. <br />, <br /> <br /> <br /> <br /> <br />iii. Other issues asdetennined by the City <br />6. Process on Expitation of the Initial Term (20 years) <br />a. Commencing at the begimùng of the 1911\ ~ the parties and <br />. Century will meet and confer and attempt to agree upon mutually <br />: acceptable m.odifications t,hat wiU beco~e effective for the next . <br />, renewal period. Tn 'connection with the meet and confer, the <br />parti~ agree that the focus will be on whether the protections are <br />advisable to ensure that the cinema' patrø1'1S are able to park in <br />accordance with the intent of this agreement. . <br />b. At the request of either party or Centwy, the City will cause to be . . <br />conducted an·objective suney of Normal Parking Practices of <br />downtown cinemas in San Mateo and Santa Oara Counties and the <br />. parties and Century will use that survey ÏìÚonnation in good faith <br />to attempt to reach agreement. The·8U1'Vey will include: <br />i. Appropriate· parking t:ime limits for ånerna and non- <br />cinema customers <br />ü. Appropriate cltarges, if any, for tI:1e parking . <br />iii. The use of parking validation systems <br />c. If the parties or Century do not agree within 90 days, either party <br />or Century may request mediation íU\d 1iæ parties will c:ooperate in <br />, good faith with the mediation. <br />d. U the issues are not resolved wit:1ún 90 days by mediation, the <br />parijes ~ee to go tD binding arbitration., with the arbitration <br />decision to be based on the Normal Parking Practices Survey. The· <br />I arbitration shall not eliminate the CÍl'Ietna' s ac~eBS to four-hour <br />¡ parking, without Century's Ccmse1\.t. The arbitration shall not <br />, eliminate the City· s ability to treat non-Project 1?uSinesses equal to . <br />non-cinetna businesses in the Project. Without the City's conaent. <br />The arbitra.tíon decision shall apply for ten years commencing at <br />the expiration of the 20 year Initial Term. <br />. e. This conflict resolution process (meet and c:onler. mediation" <br />, arbitration) lihall apply for the full 45 years. . <br />; f; All of the City's obligations under the Parking Facilities Agreement <br />; shall œnxünaœ after 45 yèatB. . <br />7. County Parldng Garage. The Oty will enter into an agreement with the <br />o county to make approximately 650 parking spaces in the COW\ty parkiriZo..: <br />garage available as public parking on evenings and weekends, .and on :.:.... <br />I Fridays when not in conflict with munty USE! of the garage. <br />8. The parties agree to a process fur eIÛ:\Bfldng the sidewalks and the street <br />. (Middlefield Read), which will be renamed Theatre Way, flom the Ctnmty <br />; <br />CiaèJa\& Búlfaeøl pointa <br />p.6. 1215Jrn. <br />
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