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RecDoc2025-028828 417 Stambaugh Street
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RecDoc2025-028828 417 Stambaugh Street
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6/16/2025 1:05:02 PM
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6/16/2025 1:04:31 PM
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Recorded Docs
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POL-Recorded documents Doc No. 02 Regulatory Agre
Doc Num
2025-028828
Rec Date
6/6/2025
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following: (a) any application made by or at Owner's request; (b) any agreements that Owner (or <br />anyone claiming by or through Owner) makes with a Third Person regarding the Property or the <br />Rehabilitation Work; (c) any workers compensation claim or determination relating to any <br />employee of Owner or their contractors; (d) any Prevailing Wage Action relating to this Agreement <br />or the Rehabilitation Work; (e) any claim for relocation benefits arising from the Rehabilitation <br />Work conducted at the Development; and (e) any Environmental Claim attributable to any action <br />or failure to act by Owner. Owner assumes the risk of delays and damages that may result to <br />Owner from any Third Person legal actions related to City's approval of this Agreement or any <br />associated approvals, even in the event that an error, omission or abuse of discretion by City is <br />determined to have occurred. If a Third Person files a legal action regarding City's approval of <br />this Agreement or any associated approval (exclusive of legal actions alleging violation of <br />Government Code Section 1090 by elected officials of City), Owner shall indemnify City Party <br />against such Third Person legal action, including all legal costs, monetary awards, sanctions, <br />attorney fee awards, expert witness and consulting fees, and the expenses of any and all financial <br />or performance obligations resulting from the disposition of the legal action. City shall reasonably <br />cooperate in its defense in any legal action subject to this Section 3.7 subject to Owner's indemnity <br />obligations for such legal action. Nothing contained in this Section 3.7 is intended to be nor shall <br />be deemed or construed to be an express or implied admission that City may be liable to Owner or <br />any other party for damages or other relief regarding any alleged or established failure of City to <br />comply with any law. Any legal action that is subject to this Section 3.7 (including any appeal <br />periods and the pendency of any appeals) shall constitute an Enforced Delay and the time periods <br />for performance by any Party under this Agreement may be extended pursuant to the provisions <br />regarding Enforced Delay in the Loan Agreement. <br />3.7.2 Independence of Insurance Obligations. The indemnification obligations <br />made by Owner under this Agreement shall not be construed or interpreted as in any way <br />restricting, limiting, or modifying Owner insurance or other obligations under the Loan <br />Agreement. Owner's obligation to indemnify City Party under this Agreement is independent of <br />Owner's insurance and other obligations under the Loan Agreement. Owner's compliance with <br />its insurance obligations and other obligations under the Loan Agreement shall not in any way <br />restrict, limit, or modify Owner's indemnification obligations under this Agreement and are <br />independent of Owner's indemnification and other obligations under this Agreement. <br />3.7.3 Survival of Indemnification and Defense Obligations. The indemnity and <br />defense obligations of the Parties under this Agreement shall survive the expiration or earlier <br />termination of this Agreement, until any and all actual or prospective claims regarding any matter <br />subject to an indemnity obligation under this Agreement are fully, finally, absolutely and <br />completely barred by applicable statutes of limitations. <br />3.7.4 Indemnification Procedures. Wherever this Agreement requires any Party <br />to indemnify the other Party: <br />(a) Prompt Notice. The Indemnifying Party shall promptly notify the <br />other Party of any claim. <br />(b) Selection of Counsel. The Indemnifying Party shall select counsel <br />reasonably acceptable to the Indemnified Party. Counsel to Indemnifying Party's insurance carrier <br />REV: 05-20-25 LF <br />ATTY/AGR.2025.100.3/HEART-SV (417 Stambaugh - Regulatory Agreement) (Page 21 of 35) <br />
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