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States mail, certified or registered, return receipt requested, with postage prepaid, <br />addressed as follows: <br />To Developer: Stanford Health Care PD+C <br />66 Willow Place, <br />Menlo Park, CA 94025 <br />To City: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Manager <br />With a copy to: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Attorney <br />14. Assignment -by Developer. Developer may assign its obligations under this <br />Agreement only with the prior written approval of the City Manager. In connection with <br />any such assignment, Developer and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form acceptable to City Attorney. <br />15. As_sigrirr�ent bv_ Com_. City may assign its rights and obligations under this <br />Agreement to a municipal services district or other public agency without Developer's <br />consent. <br />16. Covenant Running with the Land. This Agreement pertains to and runs with the <br />Property in perpetuity, and will be recorded against the Property at Developer's expense. <br />This Agreement binds the assigns and successors -in -interest of Developer, including any <br />transferee of a fee interest in any lot located within the Property. City and its successors <br />and assigns, in the event of any breach of this Agreement, will have the right to exercise <br />all of the rights and remedies, and to maintain any actions at law or suits in equity or other <br />proper proceedings against Developer or its permitted successors and assigns to enforce <br />the curing of such breach. <br />17. Miscellaneous. <br />17.1 Entire Agreement, Amendments, Recitals. This Agreement contains the <br />entire understanding and agreement of the Parties. This Agreement may be <br />altered, amended or modified only by an instrument in writing, executed by the <br />Parties to this Agreement. All recitals set forth above are incorporated by reference <br />into this Agreement. <br />17.2 Paragraph Headings. Paragraph headings in this Agreement are for <br />convenience only and are not intended to be used in interpreting or construing the <br />terms, covenants or conditions contained in this Agreement. <br />REV: 05-13-25 VR <br />ATTY/AGR.2025.063/Stanford Health Care (2950 Bay Rd. LMA) (Page 8 of 14) <br />