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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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Last modified
2/13/2025 4:01:36 PM
Creation date
1/23/2025 3:17:46 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Development Agreement
Doc Num
2025-003096
Rec Date
1/23/2025
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EXHIBIT B <br />CONSENT TO ASSIGNMENT OF CONTRACT <br />The undersigned hereby executes this Consent to Assignment of Contract (this "Consent") to the <br />foregoing Assignment of Contracts executed by , a <br />("Assignor"), to and for the benefit of the City of Redwood City, a <br />California charter city (the "City" also referred to as the "Assignee"), dated as of the date hereof <br />(the "Assignment"). The undersigned agrees to perform pursuant to the terms and conditions of <br />the undersigned's Agreement with Assignor (the "Agreement") described in Exhibit A attached to <br />the Assignment. If requested by Assignee in the exercise of its rights under the Assignment, the <br />undersigned shall continue to perform its obligations under the Agreement in accordance with the <br />terms thereof for which the undersigned shall be compensated in accordance with its Agreement. <br />The undersigned also agrees that, in the event of a breach by Assignor of any of the terms and <br />conditions of the Agreement, the undersigned will give prompt written notice of such breach to <br />Assignee at Assignee' address provided to undersigned. Assignee shall have thirty (30) days from <br />the receipt of such notice of default to remedy or cure such default, provided, however that neither <br />the Assignment nor this Consent shall require Assignee to cure such default, but Assignee shall, <br />in its sole discretion, have the option to do so. The undersigned acknowledges that Assignee are <br />relying on this Consent and the assurances herein in entering into the Land Donation Agreement <br />and this Consent shall also be for the benefit of and bind Assignee and any successors of Assignee <br />and the undersigned. All capitalized terms used in this Consent shall have the same meaning as in <br />the Assignment. The undersigned represents and warrants that the Agreement between Assignor <br />and the undersigned is in frill force and effect as of the date hereof. <br />Dated as of <br />CONTRACTOR: <br />:A <br />Name: <br />Its <br />a <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT — EXHIBIT F — ASSIGNMFNT OF CONTRACTS AGR <br />REV: 10-22-24 VR <br />Page 9 of 9 <br />
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