RecDoc 2022-044660 CONF- South Main Block C

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provide replacement coverage or all work must cease as of the cancellation date until replacement insurance coverage is provided. 13. No Additional Liability. It is the intent of this Agreement to insure the proper maintenance of the stormwater treatment measure(s) by Property Owner; provided, however, that this Agreement will not be deemed to create or effect any additional liability not otherwise provided by law of any party for damage alleged to result from or caused by stormwater runoff. 14. Performance Financial Assurance. City may request Property Owner to provide a performance bond, security, or other appropriate financial assurance providing for the maintenance of the stormwater treatment measure(s) pursuant to City Stormwater Regulations. 15. Notices. The name of the persons who are authorized to give written notices or to receive written notice on behalf of City and on behalf of Property Owner under this Agreement. For City, City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 (650) 780 - 7000 Attn: City Manager For Property Owner: Kelley Gallese, IQHQ 674 Via De La Valle, Suite 206 Solana Beach, CA 92075 (650) 350-8801 Except as otherwise stated, all notices to be provided or that may be provided under this Agreement must be in writing and delivered by regular and certified mail, return receipt requested. Each party will notify the other immediately of any changes of address that would require any notice or delivery to be directed to another address. 16. Assignment by Property Owner. Property Owner may assign its obligations under this Agreement only with the City Manager's prior written approval. In connection with any such assignment, Property Owner and its assignee will execute and deliver to City a written assignment and assumption agreement in a form reasonably acceptable to the City Attorney. 17. Assignment By City. City may assign its rights and obligations under this Agreement to a municipal services district or other public agency without Property Owner's consent. 18. Covenant Running with the Land. This Agreement pertains to and runs with the Property in perpetuity, and will be recorded against the Property at Property Owner's expense. This Agreement binds the assigns and successors -in -interest of Property Owner, including any transferee of a fee interest in any unit located within the Property. City and its successors and assigns, in the event of any breach of this Agreement, will have the right to exercise all of the rights and remedies, and to maintain any actions at law or suits in equity or other proper proceedings against Property Owner or its permitted successors and assigns to enforce the curing of such breach. REV: 04-07-2022 SK ATTY/AGR.2022.073/STMMA (Page 6 of 21)