Laserfiche WebLink
<br />12. Performance Financial Assurance. Following any default by Property Owner of <br />its obligations under this Agreement, the City may request the Property Owner to provide <br />a performance bond, security, or other appropriate financial assurance providing for the <br />maintenance of the stormwater treatment measure(s) pursuant to the City's ordinances, <br />guidelines, criteria or written direction. <br /> <br />13. Transfer of Property. This Agreement shall run with the title to the land and any <br />portion thereof. The Property Owner further agrees whenever the Property or any <br />portion thereof is held, sold, conveyed or otherwise transferred, it shall be subject to this <br />Agreement which shall apply to, bind and be obligatory to all present and subsequent <br />owners of the Property or any portion thereof. <br /> <br />14. Notices. The name of the persons who are authorized to give written notices or <br />to receive written notice on behalf of City and on behalf of the Property Owner under <br />this Agreement. <br /> <br />For City: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />(650) 780-7000 <br />Attn: S. Peter Vorametsanti, P.E. <br /> <br />For Property Owner: <br />Name In-N-Out Burqers - Andrew Dawson <br />Title Real Estate/Development Counsel <br />Address 13502 Hamburqer Lane <br />Baldwin Park, CA 91706 <br />Phone No. (626) 813-8263 <br /> <br />Except as otherwise stated, all notices to be provided or that may be provided under <br />this Agreement must be in writing and delivered by regular and certified mail. Each party <br />will notify the other immediately of any changes of address that would require any notice <br />or delivery to be directed to another address. <br /> <br />15. Jurisdiction and Venue. Any action at law or in equity brought by either of the <br />Parties for the purpose of enforcing a right or rights provided for by this Agreement will <br />be tried in a court of competent jurisdiction in the County of San Mateo, State of <br />California, and the Parties waive all provisions of law providing for a change of venue in <br />these proceedings to any other county. <br /> <br />16. Paraaraph Headinas. Paragraph headings as used herein are for convenience <br />only and will not be deemed to be a part of such paragraphs and will not be construed <br />to change the meaning thereof. <br /> <br />17. Entire Aqreement. This Agreement, together with any other written document <br /> <br />ATTY/AGR/2010.011 <br />021810 <br /> <br />6 <br />