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Agmt26 Cargill Point, LLC - Property Purchase Agreement
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Agmt26 Cargill Point, LLC - Property Purchase Agreement
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7/24/2026 2:23:21 PM
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7/24/2026 2:22:20 PM
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Agreement
PROJECT NAME
Property purchase related to the State Route 84 (Woodside Road) / U.S. 101 Interchange Reimagined Project at 295 Seaport Boulevard using grant funds
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GRANTOR: CARGILL POINT, LLC, A DELAWARE LIMITED LIABILITY APN: 054-310-160 (portion of) <br />COMPANY PROJECT PARCEL NO. 64080 <br />PROJECT: US HIGHWAY 101 / STATE ROVTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT <br />20.Specific Performance and Other Remedies <br />The parties understand that the interests and rights being conveyed by this Agreement are unique <br />and for that reason, among others, the parties will be irreparably damaged in the event that this <br />Agreement Is not specifically enforced. Accordingly, in the event of any controversy concerning <br />the obligations under this Agreement, such obligation shall be enforceable by a decree of specific <br />performance or by injunction. Such remedies and all other rights and remedies set forth herein <br />shall be cumulative and not exclusive and shall be In addition to any and all other remedies which <br />the parties may have hereunder at law or in equity, Including institution and prosecution by CITY <br />of an action in eminent domain against GRANTOR and the right to enforce this Agreement in <br />such action If the purchase and sale transaction as set forth herein is not consummated <br />21.Time of the Essence. <br />Time is of the essence of each provision of this Agreement in which time is an element. <br />22.Entire Agreement. <br />This Agreement (which includes all exhibits hereto) embodies the entire agreement and <br />understanding between the parties relating to the subject matter hereof, and all prior negotiations, <br />agreements and understandings, oral or written, are hereby revoked, cancelled and rescinded <br />and are all merged herein and superseded hereby. Any amendment to this Agreement, including <br />any oral modification supported by new consideration, must be reduced to writing and signed by <br />both parties in order to be effective. <br />23.Governing Law. <br />This Agreement shall be governed by and construed in accordance with the laws of the State of <br />California, without regard to conflict of laws rules. <br />24.Severablllty. <br />Should any part, term or provision of this Agreement or any document required herein to be <br />exe·cuted or delivered be declared invalid, void or unenforceable, all remaining parts, terms and <br />provisions hereof shall remain in full force and effect and shall in no way be invalidated, impaired <br />or affected thereby. <br />25.Reservation of Rights. <br />Nothing in this Agreement shall be construed to waive or limit GRANTOR's rights or remedies in <br />any future eminent domain proceedings unrelated to the Subject Property, including, without <br />limitation, with respect to any future acquisition, taking, or impairment of any portion of the Cargill <br />Remainder Property or other property owned by GRANTOR or any related or affiliated entity. <br />4924-0119-3673 vt <br />REV: 01-21-26 LR <br />ATTY/RESO.0011/CC RESO APRROVING PROPERTY PURCHASE AGREEMENT (CARGILL POINT, LLC) -EXHIBIT A <br />REV: 04-06-25 VR ATTY/AGR.2026.011/Cargill Point, LLC (841101 Property Purchase Agreement) (Page 9 of 21)
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