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Agmt25 El Camino Real Holding JV LLC, - 920 Shasta
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Agmt25 El Camino Real Holding JV LLC, - 920 Shasta
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Last modified
3/13/2026 10:12:12 AM
Creation date
3/13/2026 10:11:06 AM
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Template:
Agreement
PROJECT NAME
920 Shasta Affordable Housing Land Donation Agreement
RMP File Number
304
Date
12/5/2025
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ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Page 32 of 41 <br />Upon request of either party, the other party agrees to deliver such documents reasonably necessary <br />to evidence the foregoing. <br />ARTICLE 8. <br />MISCELLANEOUS <br />Section 8.1 Successor and Assigns, Assignment. <br />Subject to the terms of this paragraph, this Agreement shall be binding upon the parties <br />hereto and their respective successors and assigns. Except for transfers expressly permitted by this <br />Agreement, neither the Developer nor the Qualified Designee may assign, delegate, or otherwise <br />transfer all or any portion of their rights and obligations under this Agreement without the City’s <br />consent, which consent may be withheld in City’s sole and absolute discretion. <br />Section 8.2 Confidentiality. <br />Qualified Designee and its employees and principals (collectively, the “Confidentiality <br />Parties”) shall hold in strict confidence this Agreement and the terms hereof as well as all data and <br />information obtained with respect to Developer and the Affordable Site (collectively, the <br />“Confidential Information”), whether obtained before or after the execution of this Agreement, <br />and whether obtain from Developer or other sources, and shall not disclose, discuss or disseminate <br />the same to others; provided, however, that Qualified Designee may, during the term hereof, <br />disclose: (a) to the affiliates, employees, lenders, potential lenders, investors, potential investors, <br />consultants, accountants, attorneys any such Confidential Information regarding the Affordable <br />Site and the Affordable Development as is otherwise reasonably necessary or reasonably <br />appropriate in order for Qualified Designee to conduct its due diligence review and for Qualified <br />Designee to otherwise implement the transactions contemplated herein; and, (b) such Confidential <br />Information to the extent required by subpoena or similar legal process. Confidential Information <br />shall not include information which is or becomes: (c) generally available to the public other than <br />as a result of a disclosure by Confidentiality Parties; (d) was available to Confidentiality Parties <br />on a non-confidential basis prior to its disclosure by Developer (if applicable); (e) becomes <br />available to Confidentiality Parties on a non-confidential basis from a person other than Developer <br />who is not known to Confidentiality Parties to be bound by a confidentiality agreement; or, (f) is <br />independently developed by Confidentiality Parties without reliance on the Confidential <br />Information. In the event of a breach or threatened breach by any of the Confidentiality Parties of <br />this paragraph, Developer shall be entitled to an injunction restraining such Confidentiality Parties <br />from disclosing, in whole or in part, such confidential information, and nothing herein shall be <br />construed as prohibiting Developer from pursuing any other available remedy at law or in equity <br />against Qualified Designee for such breach or threatened breach. The provisions of this paragraph <br />shall survive until one (1) year following termination of this Agreement, but shall be of no further <br />force or effect upon conveyance of the Affordable Site to the Qualified Designee. <br />Section 8.3 Time Period Computations. <br />All periods of time referred to in this Agreement shall include all Saturdays, Sundays and <br />California state or national holidays unless the reference is to business days, in which event such <br />weekends and holidays shall be excluded in the computation of time and provided that if the last
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