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Res17 15621
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Res17 15621
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Last modified
10/11/2019 7:56:55 AM
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10/11/2019 7:56:39 AM
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CC Index
CC Index - Document Type
Resolution
Agency Type
City Council
Date
9/25/2017
Description
A 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 MP BRADFORD ASSOCIATES, L.P. FOR 707 BRADFORD STREET
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endorsements evidencing compliance with such g h p t su adjustments within thirty (30) days following <br /> receipt of such notice. <br /> ARTICLE XI <br /> MISCELLANEOUS PROVISIONS <br /> 11 . 1 No Brokers. Each Party warrants and represents to the other that no person or <br /> entity can properly claim a right to a real estate commission, brokerage fee, finder's fee, or other <br /> compensation with respect to the transactions contemplated by this Agreement. Each Party agrees <br /> to defend, indemnify and hold harmless the other Party from any claims, expenses, costs or <br /> liabilities arising in connection with a breach of this warranty and representation. The terms of this <br /> Section shall survive the close of escrow and the expiration or earlier termination of this <br /> Agreement. <br /> 11 .2 Enforced Delay; Extension of Times of Performance. The time for performance of <br /> provisions of this Agreement by either Party shall be extended for a period equal to the period of <br /> any delay directly affecting the Project or this Agreement which is caused by war, insurrection, <br /> strikes, lockouts, riots, floods, earthquakes, fires, casualties, acts of God, acts of a public enemy, <br /> epidemics, quarantine restrictions, freight embargoes, lack of transportation, suits filed by <br /> unrelated third parties concerning or arising out of this Agreement or unseasonable weather <br /> conditions ("Force Majeure"). An extension of time for any of the above-specified causes will be <br /> deemed granted only if written notice by the Party claiming such extension is sent to the other <br /> Party within ten ( 10) calendar days from the commencement of the cause. In any event, <br /> construction of the Project must be completed no later than ninety (90) calendar days after the <br /> scheduled completion date pursuant to the schedule set forth in this Agreement, any unavoidable <br /> delay notwithstanding. <br /> Times of performance under this Agreement may also be extended in writing by the mutual <br /> agreement of Developer and City (acting in the discretion of the Authorized Representative unless <br /> he or she determines in his or her discretion to refer such matter to the City Council). City and <br /> Developer acknowledge that, notwithstanding any contrary provision of this Agreement, adverse <br /> changes in economic conditions, either of the affected Party specifically or the economy generally, <br /> changes in market conditions or demand, and/or inability to obtain financing to complete the <br /> Project shall not constitute grounds of enforced delay pursuant to this Section. Each Party <br /> expressly assumes the risk of such adverse economic or market changes and/or financial inability, <br /> whether or not foreseeable as of the Effective Date. <br /> 11 .3 Notices. Except as otherwise specified in this Agreement, all notices to be sent <br /> pursuant to this Agreement or any other City Document shall be made in writing, and sent to the <br /> Parties at their respective addresses specified below or to such other address as a Party may <br /> designate by written notice delivered to the other Parties in accordance with this Section. All such <br /> notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) <br /> certified or registered mail, return receipt requested, in which case notice shall be deemed <br /> delivered on receipt if delivery is confirmed by a return receipt; or (iii) nationally recognized <br /> overnight courier, with charges prepaid or charged to the sender's account, in which case notice is <br /> effective on delivery if delivery is confirmed by the delivery service. <br /> ATY/AGR/2017.218/RWC — BRADFORD — DDA <br /> REV: 09-18-17 VR <br /> Page 41 of 94 <br />
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