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AgdaPkt 2021.04.12 Joint SA PFA - Complete Agenda Packet
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AgdaPkt 2021.04.12 Joint SA PFA - Complete Agenda Packet
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4/22/2021 4:49:08 PM
Creation date
4/22/2021 4:37:02 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/12/2021
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6.13. Page 36 of 64 <br />Agreement binds the assigns and successors -in -interest of Developer, including any <br />transferee of a fee interest in any unit located within the Property. City and its successors <br />and assigns, in the event of any breach of this Agreement, will have the right to exercise <br />all of the rights and remedies, and to maintain any actions at law or suits in equity or other <br />proper proceedings against Developer or its permitted successors and assigns to enforce <br />the curing of such breach. <br />15. ASSIGNMENT BY DEVELOPER. Developer may assign its obligations <br />under this Agreement only with the prior written approval of City. In connection with any <br />such assignment, Developer and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form acceptable to City Attorney. Developer <br />may sell and/or grant the fee interest of lots/units or common area located on the Property <br />and thereby transfer all of its obligations under this Agreement to its successors. Upon <br />the sale and/or grant of a fee interest in a particular lot or common area located on the <br />Property, Developer's obligations under this Agreement will inure to its successor -in - <br />interest and Developer will thereafter be released from its obligations under this <br />Agreement with respect to such lot or common area. <br />16. NOTICES. Any notices relating to this Agreement will be given in writing <br />and will be deemed sufficiently given and served for all purposes when delivered <br />personally or by generally recognized overnight courier service, or five (5) days after <br />deposit in the United States mail, certified or registered, return receipt requested, with <br />postage prepaid, addressed as follows: <br />To Developer: One20th LLC <br />3031 Tisch Way, Suite 1010 <br />San Jose, CA 95128 <br />Attn: Jeff Curran <br />With a copy to: BWS Inc <br />3031 Tisch Way, Suite 1010 <br />San Jose, CA 95128 <br />Attn: Greg Plnn <br />To City: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Manager <br />With a copy to: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Attorney <br />17. MISCELLANEOUS. <br />a. Entire Agreement, Amendments, Recitals. This Agreement contains <br />the entire understanding and agreement of the Parties. This Agreement may be <br />altered, amended or modified only by an instrument in writing, executed by the <br />REV: 12-15-2020 PR <br />ATTY/AGR.2020.30010ne20th, LLC (120 EI Camino Real LMA) (Page 8 of 12) 65 <br />
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