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RecDoc 2017-096258 STMMA 2075 Broadway
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RecDoc 2017-096258 STMMA 2075 Broadway
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Last modified
11/27/2017 11:03:56 AM
Creation date
10/31/2017 10:16:54 AM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
STMMA
Doc Num
2017-096258 CONF
Rec Date
10/31/2017
APN
053-131-160, 053-131-170
Address
2075 Broadway
Parties
BAE-GEM Properties, Lane - Broadway, LLC lessee,
MO Ref
17-166
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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 Liabilitv. 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: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />(650) 780 - 7000 <br />Attn: City Manager <br />For Lessee: <br />Lane — Broadway, LLC <br />644 Menlo Ave., 2"d Floor <br />Menlo Park, CA 94025 <br />Attn: Scott Smithers <br />With a coriv to: <br />Aaronson Dickerson Cohn & Lanzone <br />1001 Laurel St., Suite A <br />San Carlos, CA 94070 <br />Attn: Camas J. Steinmetz <br />For Prooertv 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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