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Res07 14758
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Res07 14758
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Last modified
1/10/2007 9:12:01 AM
Creation date
1/10/2007 9:12:00 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council & Redevelopment
Date
1/8/2007
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<br />01/08/2007 <br />consent to the transfer shall be automatically withdrawn, effective the date of <br />adoption of this Resolution, and the request to transfer shall be deemed denied. <br /> <br />Section 2. Other than with respect to the condition made in Section 1.2 above, <br />if any sentence, clause, phrase or portion of any condition imposed in Section 1 hereof <br />if for any reason held by a court of competent jurisdiction to be invalid or unenforceable, <br />such decision shall not affect the validity of the remaining conditions placed on this <br />transfer. <br /> <br />The City Council of the City of Redwood City hereby declares that it would have <br />adopted this Resolution and each and every condition set forth in Section 1 hereof <br />separately, irrespective of the fact that one or more of these conditions may be declared <br />invalid or unenforceable. <br /> <br />Section 3. This Resolution shall be deemed effective for the purposes of the <br />transfer upon adoption by the City Council. <br /> <br />Section 4. Subject to the reservation of rights of Section 1.2 above, the City <br />hereby releases Franchisee, effective upon the consummation of the transaction <br />contemplated in the Purchase Agreement (the "Closing Date") from all obligations and <br />liabilities under the Franchise that accrue on or after the Closing Date. Franchisee shall <br />remain responsible for all obligations and liabilities under the Franchise that accrue up <br />to the Closing Date. Transferee shall be responsible for any obligations and liabilities <br />under the Franchise that accrue on or after the Closing Date. <br /> <br />Section 5. The City Clerk shall certify to the adoption of this resolution and <br />shall cause the same to be processed in the manner required by law, and shall transmit <br />a certified copy of this Resolution and Exhibit A hereto to Franchisee, Transferee and <br />Guarantor. <br /> <br />A TTY/RESO/RESO.1676 <br />010407 <br /> <br />14758 <br />Formerly Muff # 801 <br /> <br />-4- <br />
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