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AgdaPkt 2019-11-25 Joint SA PFA
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AgdaPkt 2019-11-25 Joint SA PFA
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Last modified
9/24/2020 9:24:15 AM
Creation date
11/21/2019 4:36:25 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
11/25/2019
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6.R.:= Page 13 of 27 <br />251 City may proceed to complete the Work by contract or other method City <br />considers advisable, at the sole expense of Developer. Developer; immediately upon.demand, <br />shall pay the costs and charges related to -the Work and any subsequent repairs. City, without <br />liability for doing so, may take possession of and utilize in completing the Work and repairs, if <br />any, such materials and other property belonging to Developer as may be on or about the Property <br />and necessary for completion of the work. In the event of default, the :f nancial institution holding <br />the securities shall be liable to City to pay the face amount of the security, as specified under <br />Section 13. <br />252 City .may bring legal action to compel performance of this. Agreement and <br />recover the costs of completing -the Work and/or repairs, if any, including City's administrative <br />and legal costs or pursue any other action at law or equity. <br />253 Developer agrees that if legal action is brought by City under this section of the <br />Agreement, 'Developer shall pay all of the costs of suit, reasonable attorney fees, arbitration costs <br />and'such other costs as may be determined by the court or arbitrator. <br />25A No failure on the part of City to exercise any right or remedy hereunder shall <br />operate as a waiver of any other right or remedy that City may have hereunder: <br />255 The rights and remedies of City are cumulative, and `the exercise by City of one <br />or more of such rights or remedies shall not .preclude the exercise by it, at the same or different <br />times, of any other rights or remedies for the same default or any other default. <br />.26. Final Drawin s. Upon completion of the Work and pnor to final acceptance, Developer <br />shall deliver to City a set of "as=built" drawings consistent with the Conditions. These drawings shall be <br />in a form,acceptable to the City Engineer; shall be certified as being "as -built" and shall reflect,the Work <br />as actually constructed, with any and all changes incorporated therein. Said drawings shall be signed' and <br />sealed as accurate by the engineer of record: <br />27. Monuments. All pipes and monuments shown on the Final Map which are destroyed -or <br />displaced during construction operations shall be replaced by Developer at the time of the final inspection <br />of the Improvements, if any. <br />28. Attorneys' Fees. Should any legal action. or arbitration be brought by either party because <br />of breach of this Agreement or to enforce any provision of this Agreement, the prevailing party shall be <br />entitled to all costs of suit, reasonable attorneys' fees, arbitration costs and such other costs as may be <br />determined by the court or -arbitrator. <br />29. Notices. Any notices relating to this -Agreement shall be ,given in writing -and shall be <br />deemed sufficiently given and served for all purposes when delivered personally or I y generally <br />recognized overnight courier service, or five (5) days after deposit .in the United States mail, certified or <br />registered, return receipt requested, with postage prepaid, addressed as .foll6ws: <br />To the Developer: RWC ECR Venture, LLC <br />221 Main Street #1280 <br />San Francisco, CA 94105 <br />Attn: Jonathan Hayes <br />With a copy to: Rutan & Tucker <br />611 Anton Blvd, le Flr <br />REV: 01;21-16 VR <br />Page 10 of 19 <br />ATTYIAGR.2016.0091RWC ECR Venture, .LLC - to <br />100 <br />
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