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GRANTOR: PENINSULA BUILDING MATERIALS CO., A NEVADA CORPORATION, APN: 052-394-510, -520, -530, -540 (portion)
<br />AS TO AN UNDIVIDED % INTEREST AND GRANITE ROCK COMPANY, A PROJECT PARCEL NO. 64077
<br />CALIFORNIA CORPORATION, AS TO AN UNDIVIDED'/2 INTEREST
<br />PROJECT: US HIGHWAY 101 / STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT
<br />A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR
<br />RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE
<br />TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD
<br />HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR OR RELEASED
<br />PARTY.
<br />If this Agreement is terminated, this Clause 12 shall have no force and effect.
<br />13. Title Vl of the Civil Rights Act
<br />The parties to this Agreement shall, pursuant to Section 21.7(a) of Title 49, Code of Federal
<br />Regulations, comply with all elements of Title VI of the Civil Rights Act of 1964. This
<br />requirement under Title VI and the Code of Federal Regulations is to complete the USDOT
<br />Non -Discrimination Assurance requiring compliance with Title VI of the Civil Rights Act of
<br />1964, 49 C.F.R. Parts 21 and 28 C.F.R. Section 50.3.
<br />Further, no person in the United States shall, on the grounds of race, color, or national origin,
<br />be excluded from participation in, be denied the benefits of, or be otherwise subjected to
<br />discrimination under any program or activity that is the subject of this Agreement.
<br />14. Approval of the CITY
<br />GRANTOR understands that this Agreement is subject to the approval of the CITY. Further,
<br />that this Agreement shall have no force or effect unless and until said CITY approval has
<br />been obtained.
<br />15. Authority to Sign
<br />GRANTOR and the signatories represent and warrant that the signatories to this Agreement
<br />are authorized to enter into this Agreement to convey real property and that no other
<br />authorizations are required to implement this Agreement on behalf of GRANTOR.
<br />16. lrltegrity of Property
<br />Except as otherwise provided herein or by express written permission granted by the CITY,
<br />GRANTOR shall not, after the date of execution of this Agreement and the close of escrow,
<br />alienate, lien, encumber or other transfer of the Subject Property or any portion thereof or
<br />allow the same to occur, cause or allow any physical changes on the Subject Property, or
<br />enter into any lease or contract with respect to the Subject Property or any portion thereof
<br />which would survive the close of escrow and impair the CITY's or its designees or assignees
<br />use of the Subject Property.
<br />17. Casualty or Loss
<br />If, prior to the close of escrow, GRANTOR becomes aware that all or any material portion of
<br />the Subject Property has been destroyed, or substantially damaged, GRANTOR shall
<br />promptly give the CITY written notice of the event, and the CITY, at its option, may, on or
<br />before the close of escrow, elect to terminate this Agreement by giving GRANTOR written
<br />notice of termination, in which event the parties shall be relieved and released of and from
<br />any further duties, obligations, rights, or liabilities hereunder. If the CITY elects to complete
<br />the transactions contemplated in this Agreement, the Agreement shall remain in full force
<br />and effect and the purchase contemplated herein shall be consummated with no further
<br />adjustment or modification, and at the close of escrow, GRANTOR shall assign, transfer, and
<br />set over to the CITY all of the right, title, and interest of GRANTOR in and to any insurance
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<br />ATTY/AGR.2025.154/Peninsula Building Materials Co. and Granite Rock Company (SR 84/U.S. 101 Interchange Reimagined) (Page 5 of 16)
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