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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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of such Party's choice in connection with, the rights and remedies of such Party hereunder and the <br />waivers herein contained, and after such advice and consultation has presently and actually <br />intended, with full knowledge of such Party's rights and remedies otherwise available at law or in <br />equity, to waive and relinquish such rights and remedies to the extent specified herein, and to rely <br />to the extent herein specified solely on the remedies provided for herein with respect to any breach <br />of this Agreement by the other Party. <br />Section 11.6 Resolution of Disputes. With regard to any dispute involving the Project, <br />the resolution of which is not provided for by this Agreement or Applicable City Regulations, a <br />Party shall, at the request of another Party, meet with designated representatives of the requesting <br />Party promptly following its request. The Parties to any such meetings shall attempt in good faith <br />to resolve any such disputes.. Nothing in this Section 11.6 shall in any way be interpreted as <br />requiring that Developer and City reach agreement with regard to those matters being addressed, <br />nor shall the outcome of these meetings be binding in any way on City or Developer unless <br />expressly agreed to in writing by the Parties to such meetings. <br />Section 11.7 Surviving Provisions. In the event this Agreement expires or is terminated, <br />neither Party shall have any further rights or obligations hereunder, except for those obligations <br />set forth in Section 12.2 (Indemnification) and Section 12.3 (Defense, Indemnification, and <br />Cooperation in the Event of Legal Challenge), or expressly set forth herein as surviving the <br />termination of this Agreement. In the event litigation is timely instituted, and a final judgment is <br />obtained, which invalidates in its entirety this Agreement, neither Party shall have any obligations <br />whatsoever under this Agreement, except for those obligations which by their terms survive <br />termination hereof. <br />Section 11.8 California Claims Act. Compliance with the procedures set forth in this <br />Article I I shall be deemed full compliance with the requirements of the California Claims Act <br />(Government Code Section 900 et seq.) including, but not limited to, the Notice of an event of <br />Default hereunder constituting full compliance with the requirements of Government Code Section <br />910. <br />ARTICLE 12. INSURANCE AND INDEMNITY <br />Section 12.1 Insurance Requirements. In connection with development of the Project, <br />Developer shall procure and maintain, or cause its contractor(s) to procure and maintain the <br />following coverages, terms, and conditions: <br />Commercial general liability policy with coverage at lease as broad as Insurance <br />Services Office form CG 00 01, in an amount not less than Five Million Dollars <br />($5,000,000) per occurrence, and Five Million Dollars ($5,000,000) products and <br />completed operations aggregate. If a general aggregate limit applies, either the <br />general aggregate limit shall apply separately to this project/location, or the general <br />aggregate limit shall be twice the required occurrence limit. Developer's general <br />liability policy(s) shall be primary and not seek contribution from the City's <br />coverage or contain an endorsement granting primary and non-contributory <br />0 <br />AT-FY/AGR/2024.193 -GATEKEEPER DA- 1944 BROADWAY <br />REV: 10-22-24 VR <br />
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