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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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the limited partners reasonably determine that it is necessary to replace the general partner of <br /> Owner in order to cure such default, then the cure period shall be extended until the date that is <br /> sixty (60) days following the removal and replacement of the general partner of Owner, provided <br /> that the limited partner(s) have promptly commenced and diligently proceeded with all requisite <br /> actions to effect such removal and replacement, and such cure shall be accepted or rejected on <br /> the same basis as if tendered by Owner. <br /> 9.2 Remedies. Upon the occurrence of an Event of Default and its continuation <br /> beyond any applicable cure period, City may proceed with any of the following remedies: <br /> (i) Bring an action for equitable relief seeking the specific performance of the <br /> terms and conditions of this Agreement, and/or enjoining, abating, or preventing any <br /> violation of such terms and conditions, and/or seeking declaratory relief; <br /> (ii) For violations of obligations with respect to rents for Restricted Units, <br /> impose a charge in an amount equal to the actual amount collected in excess of the <br /> Affordable Rent; and <br /> (iii) Pursue any other remedy allowed at law or in equity. <br /> Each of the remedies provided herein is cumulative and not exclusive. The City may <br /> exercise from time to time any rights and remedies available to it under applicable law or in <br /> equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this <br /> Agreement. <br /> 10. Indemnity. Owner shall indemnify, defend (with counsel approved by City) and hold <br /> City and its elected and appointed officers, officials, employees, agents, and representatives <br /> (collectively, the "Indemnitees") harmless from and against all liability, loss, cost, expense <br /> (including without limitation attorneys' fees and costs of litigation), claim, demand, action, suit, <br /> judicial or administrative proceeding, penalty, deficiency, fine, order, and damage (all of the <br /> foregoing collectively "Claims") arising directly or indirectly, in whole or in part, as a result of <br /> or in connection with Owner's construction, management, or operation of the Property and the <br /> Project or any failure to perform any obligation as and when required by this Agreement. <br /> Owner's indemnification obligations under this Section 0 shall not extend to Claims resulting <br /> solely from the gross negligence or willful misconduct of Indemnitees. The provisions of this <br /> Section 0 shall survive the expiration or earlier termination of this Agreement. It is further <br /> agreed that City does not and shall not waive any rights against Owner that it may have by <br /> reason of this indemnity and hold harmless agreement because of the acceptance by City, or the <br /> deposit with City by Owner, of any of the insurance policies described in this Agreement or the <br /> DDA. <br /> 11 . Miscellaneous. <br /> 11 . 1 Amendments. This Agreement may be amended or modified only by a written <br /> instrument signed by both Parties. <br /> 11 .2 No Waiver. Any waiver by City of any term or provision of this Agreement must <br /> be in writing. No waiver shall be implied from any delay or failure by City to take action on <br /> ATY/AGR/2017.218/RWC— BRADFORD — DDA <br /> REV: 09-18-17 VR <br /> Page 80 of 94 <br />
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