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Agmt10 R.C. Peninsula Park, LLC (2)
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Agmt10 R.C. Peninsula Park, LLC (2)
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Last modified
3/29/2011 1:43:55 PM
Creation date
12/16/2010 2:59:52 PM
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Agreement
Contractor Name
R.C. Peninsula Park, LLC
PROJECT NAME
Acquisition and Reimbursement Agreement Community Facilities District No. 2010-1 (One Marina)
RMP File Number
304
Date
12/16/2010
Reso Ref
15071 and 15104
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ARTICLE X <br /> MISCELLANEOUS <br /> Section 10.01. Limited Liability of City. The Developer agrees that any and all <br /> obligations of the City arising out of or related to this Acquisition Agreement are special and <br /> limited obligations of the City and the City's obligations to make any payments hereunder are <br /> restricted entirely to the moneys, if any, in the Improvement Fund and from no other source. No <br /> member of the City Council, or City staff member, employee or agent shall incur any liability <br /> whatsoever to the Developer or any other party in their individual capacities by reason of their <br /> execution hereof or any subsequent action or inaction by all or any of them. <br /> Section 10.02. Excess Costs. The Developer agrees to pay all costs of the Facilities that <br /> it is obligated to construct pursuant to the Conditions of Approval in excess of the moneys <br /> available therefor in the Improvement Fund, except as may otherwise be expressly provided in <br /> the Conditions of Approval. <br /> Section 10.03. Audit. The City Engineer and/or the City's Director of Finance shall <br /> have the right, during normal business hours and upon the giving of ten (10) business days prior <br /> written notice to the Developer, to review all books and records of the Developer pertaining to <br /> costs and expenses incurred by the Developer relating to the Facilities, and any bids taken or <br /> received for the construction thereof or materials therefor. <br /> Section 10.04. Attorney's Fees. In the event that any action or suit is instituted by <br /> either party against the other arising out of this Acquisition Agreement, the party in whose favor <br /> final judgment shall be entered shall be entitled to recover from the other party all court costs, all <br /> expert fees and costs and all reasonable attorney' s fees. <br /> Section 10.05. Notices. Any notice, payment or instrument required or permitted by this <br /> Acquisition Agreement to be given or delivered to either party shall be deemed to have been <br /> received when personally delivered, or transmitted by telecopy or facsimile transmission, or <br /> seventy-two hours following deposit of the same in any United States Post Office, registered or <br /> certified mail, postage prepaid, addressed as follows: <br /> City or CFD: City of Redwood City <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> Attention: City Engineer (with a copy to the <br /> Finance Director) <br /> Developer: R.C. Peninsula Park, LLC, a Delaware limited <br /> liability company <br /> 270 St. Paul Street, Suite 300 <br /> Denver, CO 80015 <br /> Attention: Paul W. Powers <br /> -29- <br />
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