Laserfiche WebLink
Belmont, and Belmont agrees to accept such transfer from Redwood City. Upon such transfer of the <br />ownership and/or operation of the Belmont Facilities to Belmont, Belmont shall thereafter own and/or <br />operate, as applicable, the Belmont Facilities in accordance with its applicable policies and procedures. <br />Redwood City and Belmont agree that completion of the Belmont Facilities and the transfer of the <br />ownership and/or operation thereof, as applicable, to Belmont shall be financed solely from the <br />proceeds of special taxes levied by the District and bonds issued by the District secured by such special <br />taxes or by such other funds as Redwood City may determine to make available for such purposes, and <br />unless otherwise agreed Belmont shall be under no obligation to expend its own funds for such <br />completion and transfer. <br /> <br /> SECTION2. EXECUTION IN COUNTERPARTS. This Agreement may be <br />simultaneously executed in several counterparts, each of which shall be an original and all of which <br />shall constitute but one and the same instrument. <br /> <br /> SECTION3. GOVERNING LAW. This Agreement shall be govemed exclusively by and <br />construed in accordance with the applicable laws of the State of California. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of <br />the date first above written. <br /> <br /> CITY OF REDWOOD CITY <br /> <br /> By:. <br /> City Manager <br /> <br />ATTEST: <br /> <br /> City Clerk <br /> <br /> CITY OF BELMONT <br /> <br /> By:. <br /> Mayor <br /> <br />ATTEST: <br /> <br /> City Clerk <br /> <br />15523.2~22931.0003 2 <br /> <br /> <br />