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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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David A. Gold, Esq. <br />Morrison & Foerster LLP <br />101 Ygnacio Valley Road, Suite 450 <br />P.O. Box 8130 <br />Walnut Creek, California 94596-8130 <br /> <br /> Such written notices, demands and communications may be sent in the same <br />manner to such other addresses as either party may from time-to-time designate by notice <br />given as provided in this section. <br /> <br /> Agency agrees that it shall provide written notice to Shea of the following events <br />within three (3) Business Days following the occurrence of such events: <br /> <br /> (i) any default by either party under the IAC DDA; <br /> (ii) the termination in whole or in part of the IAC DDA; <br /> (iii) any material developments in the eminent domain activities with <br /> respect to the IAC Project Site; and <br /> (iv) the results of the third party written investigations and/or reports in <br /> connection with the IAC Project Site. <br /> <br /> §1003 Agreement Not Induced by Shea's Payment <br /> <br /> Shea warrants that this Agreement is the result of the undertakings of the parties <br />pursuant to that certain Agreement Conferring Exclusive Right to Negotiate (Shea Homes <br />Limited Partnership/IAC Apartment Communities) entered into on January 29, 1998, as <br />from time to time amended, and that certain Advance Funding Agreement for the <br />Franklin Street Project entered into on January 29, 1998 as fi.om time to time amended, <br />and that other than those undertakings Shea has not paid or given, and will not pay or <br />give, any money or other consideration to induce Agency to enter into this Agreement. <br /> §1004 Enforced Delay; Extension of Times of Performance <br /> <br /> In addition to the specific provisions of this Agreement, performance by either <br />party hereunder shall not be deemed to be in Default, and all performance and other dates <br />specified in this Agreement and the Schedule of Performance shall be extended, where <br />delays or Defaults are due to: war; insurrection; strikes; lockouts; riots; floods; <br />earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics, <br />quarantine restrictions; freight embargoes; lack of transportation; governmental <br />restrictions or priority; litigation, including delays beyond the reasonable control of <br />Agency in concluding eminent domain proceedings or related legal proceedings instituted <br />by Agency to acquire and vacate the Acquisition Parcels; unusually severe weather; <br />inability to secure necessary labor, materials or tools; delays of any subcontractor, <br />contractor or supplier; acts or omissions of the other party; acts or the failure to act of the <br />City or any other public or governmental agency or entity (except that the acts or failure <br />to act of Agency shall not excuse performance by Agency); or any other causes beyond <br />the control or without the fault of the party claiming an extension of time to perform. <br />Notwithstanding anything to the contrary in this Agreement, an extension of time for any <br />such cause shall be for the period of the enforced delay (taking into account reasonable <br />startup and remobilization time) and shall commence to run from the time of the <br /> <br /> 43 <br />wc-21875 <br /> <br /> <br />
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