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AgdaPkt 2018-12-17 Joint Special
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AgdaPkt 2018-12-17 Joint Special
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Last modified
12/18/2018 1:26:47 PM
Creation date
12/18/2018 9:28:06 AM
Metadata
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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
12/17/2018
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6.C. - Page 17 of 71 <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 />855 MAIN STREET RWC, LLC, <br />a Delaware limited liability company <br />By: 855 Main Street RWC Mezz, LLC, <br />a Delaware limited liability company, <br />i <br />Z <br />ar C. Johnson, Managing Member <br />[Signature must be notarized] <br />CITY <br />CITY OF REDWOOD CITY, a <br />charter city and municipal corporation <br />Melissa Stevenson Diaz, City Manager <br />[Signature must be notarized] <br />ATTEST: <br />Pamela Aguilar, City Clerk <br />ATTYIAGR12018.2151855 MAIN STREET RWC, LLC IMPROVEMENT AGREEMENT 88 <br />REV: 10-11-18 PR Page 12 of 20 <br />
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