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Reso25 16382
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Reso25 16382
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Last modified
12/23/2025 1:09:03 PM
Creation date
12/23/2025 1:08:59 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
12/22/2025
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<br />ATTY/RESO.0130/CC RESO APPROVING PURCHASE AND SALE AGREEMENT OF REAL PROPERTY – EXHIBIT A <br />REV: 12-18-25 VR <br />Page 4 of 10 <br />12. Severability. If any term or provision of this Agreement is determined to be illegal, <br />unenforceable, or invalid in whole or in part for any reason, such illegal, unenforceable, or invalid <br />provisions or part thereof shall be stricken from this Agreement, any such provision shall not be <br />affected by the legality, enforceability, or validity of the remainder of this Agreement. If any <br />provision or part thereof of this Agreement is stricken in accordance with the provisions of this <br />Section, then the stricken provision shall be replaced, to the extent possible, with a legal, <br />enforceable and valid provision this is in keeping with the intent of the Parties as expressed herein. <br /> <br />13. Time. Time is of the essence to the performance of each and every obligation under this <br />Agreement. <br /> <br />14. Reasonable Consent and Approval. Except as otherwise provided in this Agreement, <br />whenever a Party is required or permitted to give its consent or approval under this Agreement, <br />such consent or approval shall not be unreasonably withheld or delayed. If a Party is required or <br />permitted to give its consent or approval in its sole and absolute discretion or if such consent or <br />approval may be unreasonably withheld, such consent or approval may be unreasonably withheld <br />but shall not be unreasonably delayed. <br /> <br />15. Further Assurances. The Parties shall at their own cost and expense execute and deliver <br />such further documents and instruments and shall take such other actions as may be reasonably <br />required or appropriate to carry out the intent and purposes of this Agreement. <br /> <br />16. Signatures/Counterparts. This Agreement may be executed in two or more counterparts, <br />each of which shall be deemed an original, but all of which together shall constitute one and the <br />same instrument. Any one of such completely executed counterparts shall be sufficient proof of <br />this Agreement. If all Parties agree, electronic signatures may be used in place of original <br />signatures on this Agreement. Each Party intends to be bound by the signatures on the electronic <br />document, is aware that the other Parties will rely on the electronic signatures, and hereby waives <br />any defenses to the enforcement of the terms of this Agreement based on the use of an electronic <br />signature. After all Parties agree to the use of electronic signatures, all Parties must sign the <br />document electronically. <br /> <br />17. Representation on Authority of Parties. Each person signing this Agreement represents <br />and warrants that he or she is duly authorized and has legal capacity to execute and deliver this <br />Agreement. Seller represents and warrants to Purchaser that the execution and delivery of the <br />Agreement and the performance of Seller’s obligations hereunder have been duly authorized and <br />that subject to the approval of the Oversight Board, this Agreement is a valid and legal agreement <br />binding on Seller and enforceable in accordance with its terms. Purchaser represents and warrants <br />to Seller that the execution and delivery of this Agreement and the performance of Purchaser’s <br />obligations hereunder have been duly authorized and that this Agreement is a valid and legal <br />agreement binding on Purchaser and enforceable in accordance with its terms. <br /> <br />18. Seller Approvals. Whenever this Agreement calls for Seller approval, consent, or waiver, <br />the written approval, consent, or waiver of the Seller’s Executive Director or their designee(s) shall <br />constitute the approval, consent, or waiver of the Seller, without further authorization required <br />from the governing board of the Successor Agency. The Seller hereby authorizes the Seller’s
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