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- r <br /> • 4 <br /> 22. In the event that any portion of said loan shall be un- <br /> spent after paying the costs in connection with the construction <br /> of the facilities described in paragraph 9, APPLICANT shall <br /> immediately remit. such balance to ;✓TATS which will be applied <br /> by STATE to the reduction of the principal of the obligation. <br /> 23. Nothing in this agreement shall be deemed to obligate, <br /> pledge or encumber the general credit or general revenues of the <br /> City of Redwood City other than the gross revenues of the facili- <br /> ties referred to in paragraph 5 hereof. <br /> 24. In the event either party desires, or is required to <br /> send notice to the other, such notice shall be deemed to have <br /> been given when mailed to the address set. out below with the <br /> postage fully prepaid thereupon. <br /> To STATE Division of Small Craft Harbors <br /> Department of Natural Resources <br /> Sacramento 14, California <br /> To APPLICANT City of Redwood City, City Manager <br /> City Hall <br /> Redwood City, California <br /> 25. In the event that either party to this agreement desires <br /> to modify or amend the same, it shall give the other party thirty <br /> (30) days' written notice therefor. Discussion of the desired <br /> change must be held thereafter unless the party to whom such <br /> notice is sent gives written notice within ten (10) days that such <br /> discussion would be prejudicial to its position. If such proposed <br /> amendment or modification is agreed to, it shall become effective only <br /> upon being reduced to writing and signed by all of the parties hereto. <br /> IN WITNESS "WHEREOF, the parties have executed this instrument <br /> upon the date first hereinabove appearing. <br /> Approved: STATE OF CALIFORNIA <br /> DEPARTMENT OF NATURAL DIVISION OF SMALL CRAFT HARBORS <br /> RESOURCES <br /> By <br /> By <br /> CITY OF REDWOOD CITY <br /> By <br /> Attest: <br /> City Clerk <br /> - 7 - <br />