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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
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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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§605 Effect of Violation of the Terms and Provisions of this Article 6 After <br /> <br /> Completion of Construction <br /> <br /> Agency is deemed the beneficiary of the terms and provisions o£this Article 6 and <br />of thc covenants running with the land for and in its own right and for the purposes of <br />protecting the interests of the community and other parties, public or private, in whose <br />favor and for whose benefit this Article 6 and the covenants running with thc land have <br />been provided. This Article 6 and the covenants contained herein shall run in favor of <br />Agency without regard to whether Agency has been, remains or is an owner of any land <br />or interest therein in thc Shea Project Site or thc Project Area. Agency shall have thc <br />right, if thc covenants of this Article 6 arc breached, after notice to Shca, to exercise all <br />rights and remedies, and to maintain any actions or suits at law or in equity or other <br />proper proceedings to enforce thc curing of such breaches to which it or any other <br />beneficiaries of this Article 6 and thc covenants contained herein may bc entitled. <br /> <br /> Notwithstanding any provision herein to thc contrary, upon the sale or other <br />transfer of any portion of the Projcct Phase after issuance of a Certificate of Completion <br />for that Project Phase, Shea shall be released from and have no further responsibility for <br />the performance or failure to perform any of the requirements of this Article 6 occurring <br />subsequent to such sale or transfer with respect to the portion sold or transferred. <br /> <br />Article 7. SItEA AND AGENCY CONTRIBUTIONS <br /> <br /> §701 In General <br /> <br /> Subject to the provisions otherwise contained herein, as between Agency and <br />Shea, Shea shall be responsible for all expenses of the Shea Project of every kind and <br />nature to the extent provided for herein, including, but not limited to, land acquisition, <br />relocation, site clearance and preparation, engineering, construction, governmental <br />approvals and CEQA compliance, and Agency shall have the duty to make only the <br />contributions set forth in this Article 7. Notwithstanding the foregoing, Shea shall not be <br />obligated to fund any Total Acquisition Costs if it does not deliver its Election to Proceed <br />pursuant to Section 303(E) or its Election to Fund pursuant to Section 304 or if it <br />exemises its right to terminate this Agreement in accordance with Article 8. Nothing in <br />this section shall be construed as a waiver by Shea to pursue its right to recover costs <br />against Agency to the extent provided for herein or anyone other than Agency as may be <br />permitted in law or equity. <br /> <br /> §702 Agency Advances <br /> <br /> Agency shall contribute, without the right to reimbursement, the cost of its <br />consultants, attorneys, officers and employees (including its own internal costs and <br />expenses incurred in complying with this Agreement) expended both prior to and after <br />the execution of this Agreement, except with respect to the cost of its consultants and <br />attorneys to engage in and perform the activities reasonably required to satisfy Agency's <br />obligations to acquire the Acquisition Parcels as specifically set forth in Article 3 for <br />which Shea shall retain sole responsibility. <br /> <br /> 33 <br />wc-21875 <br /> <br /> <br />
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