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Agda Pkt 2024.08.26 Regular Meeting
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Agda Pkt 2024.08.26 Regular Meeting
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Last modified
8/27/2024 10:48:21 AM
Creation date
8/27/2024 10:41:05 AM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
8/26/2024
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ATTY/RESO.0053/CC RESO AMENDING AFFORDABLE HOUSING PRESERVATION PROGRAM – EXHIBIT B <br />REV: 08-19-24 LF <br />Page 25 of 86 <br />and releases any claim it may have against the members, officials or employees of City with respect <br />to any default or breach by City or for any amount which may become due to Borrower or its <br />successors, or on any obligations under the terms of the Loan Documents. Borrower makes such <br />release with full knowledge of Civil Code Section 1542 and hereby waives any and all rights <br />thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the <br />Civil Code provides as follows: <br />A general release does not extend to claims that the creditor or releasing party does <br />not know or suspect to exist in his or her favor at the time of executing the release <br />and that, if known by him or her, would have materially affected his or her <br />settlement with the debtor or released party. <br /> <br /> <br />[Signatures to appear on the following page.] <br />6.M. - Page 54 of 110 <br />510
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