Agmt09 San Mateo, County of - Laserfiche WebLink

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NOW,THEREFORE,THE PARTIES AGREE AS FOLLOWS: 1. The Parties agree to toll the applicable statutes of limitations for either party to file a claim, complaint, or petition against the other with respect to the calculation of the PTAF for the 2009-10 fiscal year, including,but not limited to,the applicable statutes of limitations for the City to file a complaint or petition seeking a refund or reallocation to the City of the PTAF that the City contends the County overcharged the City for the 2009-10 fiscal year,which the City contends resulted in an under-allocation of property taxes to the City for the 2009-10 fiscal year. 2. The City and the County agree not to file any claims and not to initiate or participate in litigation against each other related to the PTAF for the 2049-10 fiscal year while this agreement is in effect. 3. This agreement constitutes the entire understanding of the Parties with respect to the tolling ofthe City's and the County's claims as set farth in Section 1 above,and correctly states the rights,duties,and obligations of each Party as of the effective date of this agreement. Any prior understandings, promises, negotiations, or representations between the parties not expressly stated in this document are not binding. 4. Subsequent modifications of this agreement,including but not limited to the extension or amendment of the agreement, shall not be valid or effective unless set forth in writing and signed by the Parties. The Parties anticipate that they may amend this Agreement to include claims brought by the City regarding the calculation of PTAF for future fiscal years. 5. The Parties hereby also incorporate sections 2, 3, 5, 8, 9, 10, and 11 of the Tolling Agreement into this Addendum. FOR THE COUNTY OF SAN MATEO Dated: j1�0/O�D t� By: � Michael P. urphy County Couns 1 of the County of San Mateo j FOR THE CITY OF REDWOOD CITY: ✓ Dated: � �� `� B --�'� � ��' '�r`-' Y• amela Thompson City Attorney of the City of Redwood City 2