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Res13 15289
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Res13 15289
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Last modified
10/11/2019 7:50:19 AM
Creation date
10/11/2019 7:49:52 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING, AND AUTHORIZING THE CITY � MANAGER TO EXECUTE, A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND REDWOOD CITY PARTNERS, LLC FOR 950 MIDDLEFIELD ROAD
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... __.j ...._.. ..... .. .:....._�.« . .... ... ....... . .. . .. ..... .: <br /> EXHIBIT"D" <br /> TO <br /> DISPOSITION AND DEVELOPMENT AGREEMENT <br /> PERFORMANCE SCHEDULE <br /> A. Days shall be calendar days, unless otherwise specified. <br /> B. The City Manager is authorized by the City to make minor changes to the <br /> schedule prior to the Project Completion Date resulting in an aggregate extension of the Project <br /> Completion Date of one hundred twenty(120)calendar days or less. <br /> C. In the event of an.y conflict between this Schedule and the Agreement, the terms <br /> and provisions of the Agreement shall control. <br /> D. All defined terms indicated by initial capitalization used in this schedule shall <br /> have the meanings ascribed to the same terms in the Agreement. <br /> ' E. In the event City disapproves any of Developer's required submissions, it shall <br /> specify the reasons in writing for its disapproval and the Performance Schedule shall be extended <br /> in accordance with the time required for the Developer to revise and resubmit such plans (as <br /> applicable)and for the City to render a decision on Developer's resubmission. <br /> ACTION DATE <br /> 1. Execution and Delivery of A�eement bv Seven (7) days prior to City Council <br /> ' Developer. The Developer shall execute consideration of the DDA and Project. <br /> and deliver this Agreement to the City. <br /> 2. Execution of A�reement by Citv. The Within 14 days after City Council approval. <br /> City Council shall hold a public hearing <br /> to authorize execution of this Agreement <br /> by the City, and if so authorized,the City <br /> ' shall execute and deliver this Agreement <br /> to the Developer. <br /> 3. Deposit. The Developer shall deliver the Prior to or simultaneously with execution of <br /> Deposit to the City. this Agreement by the City. <br /> 4. Onenin� of Escrow. The City shall open Within 5 days after execution of this <br /> an escrvw for conveyance of the City Agreement by the City. <br /> Property to the Developer. <br /> 5. Escrow Deposit. The Developer shall Within 5 days after the opening of Escrow. <br /> deposit the Escrow Deposit with the <br /> Escrow Agent. <br /> Exhibit"D" <br /> Performance Schedule <br /> Page 1 <br /> 2013.118/BLOCK 2 HUNTER STORM <br /> REV:07-26-13 PT <br />
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