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Agmt99 Shea Homes
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Agmt99 Shea Homes
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Last modified
6/21/2016 9:43:00 AM
Creation date
9/8/2003 1:16:13 PM
Metadata
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Template:
Agreement
Contractor Name
Shea Homes Limited Partnership
PROJECT NAME
DDA - Disposition and Development Franklin Street Project
RMP File Number
100
Date
10/28/1999
Reso Ref
RD-99-31
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Article 2. ASSEMBLY OF THE PROJECT SITE <br /> <br /> {}201 General <br /> <br /> Subject to Section 303, the parcels that comprise the Shea Project Site are to be <br />assembled and title and right of possession thereto obtained by Shea, in the manner set <br />forth in this article. Each parcel is identified hereinafter by letter and by the number of its <br />respective preliminary title report ("Preliminary Report"). <br /> {}202 Participating Parcels <br /> Prior to the Effective Date of this Agreement, Shea has acquired an interest in the <br />following parcels: APN Nos. 053-173-210 and 053-176-010 (the "Participating <br />Parcels"). <br /> <br /> Agency shall have no financial responsibility whatsoever in connection with the <br />acquisition of title and possession to the Participating Parcels by Shea flee of liens and <br />taxes. <br /> <br /> {}203 Acquisition Parcels <br /> <br /> A. In addition to the Participating Parcels covered under Section 202, <br />above, there are other parcels that comprise the Shea Project Site that Shea may ask <br />Agency to acquire. Such parcels are listed and identified in Attachment 7 by letter <br />designation and Preliminary Report numbers (each, an "Acquisition Parcel," and <br />collectively, the "Acquisition Parcels"). <br /> <br /> B. Agency's conditional duty under this Agreement to acquire and <br />convey the Acquisition Parcels to Shea extends only to the Acquisition Parcels as <br />described in the Preliminary Reports. Shea acknowledges and agrees that Agency has no <br />duty under this Agreement or otherwise to acquire or convey to Shea any land other than <br />the Acquisition Parcels whether lying within the Shea Project Site or elsewhere. <br /> <br /> C. The parties acknowledge that if Shea enters into a purchase contract <br />with an owner of an Acquisition Parcel prior to the Effective Date, then this Agreement <br />shall be amended to change such Acquisition Parcel to a Participating Parcel and to state <br />that the provisions herein applicable to the Acquisition Parcel shall not apply to such <br />transferred Participating Parcel. <br /> <br />Article 3. PROVISIONS RELATING TO ACQUISITION PARCELS <br /> <br /> §301 Sale and Purchase <br /> <br /> Subject to Sections 108(D), 201 and the Site Feasibility Assessment, and in <br />accordance with and subject to all of the other terms, covenants and conditions of this <br />Agreement, and provided Agency has adopted Resolution(s)of Necessity after due notice <br />and hearing if any Acquisition Parcel is to be acquired by eminent domain, Agency will <br />acquire such Acquisition Parcel, and sell and convey the Acquisition Parcel to Shea and <br />Shea will purchase and accept the conveyance of the Acquisition Parcel from Agency. <br />Subject to Section 505 and the other terms and conditions set forth in this Agreement, <br />Shea agrees to diligently develop and build the Shea Project for the uses and subject to <br />the terms and conditions of this Agreement. <br /> <br /> 6 <br />we-21875 <br /> <br /> <br />
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