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Agmt25 1900 Broadway Owner LLC
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Agmt25 1900 Broadway Owner LLC
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Last modified
1/22/2025 10:54:25 AM
Creation date
1/22/2025 10:50:44 AM
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Agreement
PROJECT NAME
Affordable Housing Land Donation Agreement
RMP File Number
304
Date
1/21/2025
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obtain from Donor or other sources, and shall not disclose, discuss or disseminate the same to <br />others; provided, however, that Qualified Designee may, during the term hereof, disclose. (a) to <br />the affiliates, employees, lenders, potential lenders, investors, potential investors, consultants, <br />accountants, attorneys any Stich Confidential Information regarding the Affordable Site and the <br />Affordable Development as is otherwise reasonably necessary or reasonably appropriate in order <br />far Qualified Designee to conduct its due diligence review and for Qualified Designee to otherwise <br />implement the transactions contemplated herein; and, (b) such Confidential Information to the <br />extent required by subpoena or similar legal process. Confidential Information shall not include <br />information which is or becomes: (c) generally available to the public other than as a result of a <br />disclosure by Confidentiality Parties.; (d) was available to Confidentiality Parties on a non - <br />confidential basis prior to its disclosure by Donor (if applicable); (e) becomes available to <br />Confidentiality Parties on a non -confidential basis from a person other than Donor who is not <br />known to Confidentiality Parties to be bound by a confidentiality agreement; or, (f) is <br />independently developed by Confidentiality Parties without reliance on the Confidential <br />Information. In the event of a breach or threatened breach by any of the Confidentiality Parties of <br />this paragraph, Donor shall be entitled to an injunction restraining such Confidentiality Parties <br />from disclosing, in whole or in part, such confidential information, and nothing herein shall be <br />construed as prohibiting Donor from pursuing any other available remedy at law or in equity <br />against Qualified Designee for such breach or threatened breach. The provisions of this paragraph <br />shall survive until one (1) year following termination of this Agreement, but shall be of no further <br />force or effect upon conveyance of the Affordable Site to the Qualified Designee. <br />Section 8.3 Time Period Computations. <br />All periods of referred to in this Agreement shall include all Saturdays, Sundays and <br />California state or national holidays unless the reference is to business days, in which event such <br />weekends and holidays shall be excluded in the computation of time and provided that if the last <br />date to perform any act or give any notice with respect to this Agreement shall fall on a Saturday, <br />Sunday or California state or national holiday, such act or notice shall be deemed to have been <br />timely performed or given on the next succeeding day which is not a Saturday, Sunday or <br />California state or national holiday. <br />Section 8.4 Attorney's Fees and Costs. <br />The City shall be entitled to receive from the Donor and the Qualified Designee, or any <br />person violating the requirements of this Agreement, in addition to any remedy otherwise available <br />under this Agreement or at law or equity, whether or not litigation is instituted, the costs of <br />enforcing this Agreement, including without limitation reasonable attorneys' fees and the costs of <br />City staff time. <br />Section 8.5 Appointment of Other Agencies. <br />At its sole discretion, the City may designate, appoint, or contract with any other public <br />agency, for-profit or non-profit organization to perform some or all of the City's obligations under <br />this Agreement. <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-22-24 VR <br />Page 28 of 35 <br />
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