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Agmt20 HCP, Met Life, SCOA
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Agmt20 HCP, Met Life, SCOA
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Last modified
11/18/2025 5:12:45 PM
Creation date
2/1/2022 9:02:05 AM
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Agreement
Contractor Name
HCP, Met Life, SCOA
PROJECT NAME
Levee Financing and Improvement Agreement
Date
10/27/2020
Reso Ref
15900
Amendment
Yes
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(d) SCOA shall supply City with all warranty and guarantee <br />documents relative to equipment and materials incorporated in the Levee Improvements and <br />guaranteed by their suppliers or manufacturers. SCOA shall ensure that all warranties and <br />guarantees are assignable, and shall assign all such warranties and guarantees to City on or <br />before the Closing Date. <br />(e) No lead or asbestos-containing materials will be installed at any <br />time during construction of the Levee Improvements. If any lead or asbestos-containing <br />materials are discovered to be any part of the Levee Improvements, SCOA will make an <br />immediate written disclosure to City. <br />(f) No electrical transformers, light fixtures with ballasts or other <br />equipment containing PCBs will be installed at any time during construction of the Levee <br />Improvements. <br />(g) Between the date of this Agreement and the Closing Date, to the <br />extent SCOA discovers Hazardous Materials, under or about the Levee Improvements, in <br />violation of Environmental Laws, SCOA shall remediate the Hazardous Materials and obtain the <br />issuance of closure letters without any requirement of further remedial work from all <br />governmental agencies that may assert jurisdiction over the remediation of the Property or any <br />adjacent property and provide copies of such closure letters to City. <br />(h) SCOA shall pay, when due, all persons furnishing labor or <br />materials in connection with the work of the Levee Improvements, and shall keep the Levee <br />Assets free and clear of any mechanics' liens, property liens, or bonds. <br />(i) SCOA will create (or cause to be created) and provide to City a <br />manual which will detail the operation and maintenance of all systems and components of the <br />Levee Improvements ("O&M Manual"). No later than substantial completion of the Levee <br />Improvements, SCOA will provide a preliminary O&M Manual to the City for its review and <br />comment. Within thirty (30) days of receipt, the City will provide any comments or requests for <br />additional information to be included in the O&M Manual. The City shall provide comments <br />with reasonable specificity and the City's approval of the O&M Manual shall not be <br />unreasonably withheld or delayed. At least ten (10) days prior to the Closing Date, SCOA will <br />provide City with a City-approved O&M Manual. SCOA will also coordinate with City to allow <br />City representatives to participate in operational and maintenance training of the Levee <br />Improvements systems and equipment. <br />SCOA's covenants in this Article VI shall survive the Closing for the Survival Period. <br />No claim for a breach of any covenant of SCOA will be actionable or payable if City does not <br />notify SCOA in writing of such breach prior to the expiration of the Survival Period and <br />commence a "legal action" thereon within ninety (90) days of delivery of such written notice. <br />Section 6.2 Seller Covenants. Between the date of this Agreement and the Closing <br />Date, except as otherwise specifically permitted in this Agreement, Seller shall not in any <br />manner sell, convey, assign, transfer, encumber or otherwise dispose of the Levee Assets or any <br />part thereof or interest therein. Without limiting the foregoing, Seller shall not enter into any <br />OAK #4819-4834-1908 v20 Exhibit C Page 10 <br />
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