Laserfiche WebLink
11. No Additional Liability. It is the intent of this Agreement to insure the proper <br /> maintenance of the treatment measure(s) by the Property Owner; provided, however, that <br /> this Agreement shall not be deemed to create or effect any additional liability not otherwise <br /> provided by law of any party for damage alleged to result from or caused by storm water <br /> runoff. <br /> 12. Performance Financial Assurance. The City may request the Property Owner to <br /> provide a performance bond, security, or other appropriate financial assurance providing <br /> for the maintenance of the stormwater treatment measure(s) pursuant to the City's <br /> ordinances, guidelines, criteria or written direction. <br /> 13. Transfer of Property. This Agreement shall run with the title to the land and any <br /> portion thereof. The Property Owner further agrees whenever the Property or any <br /> portion thereof is held, sold, conveyed or otherwise transferred, it shall be subject to this <br /> Agreement which shall apply to, bind and be obligatory to all present and subsequent <br /> owners of the Property or any portion thereof. <br /> 14. Notices. The name of the persons who are authorized to give written notices or <br /> to receive written notice on behalf of City and on behalf of the Property Owner under <br /> this Agreement. <br /> For City: <br /> City of Redwood City <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> Attn: Paul Willis <br /> (650) 780 -7000 <br /> For Property Owners: <br /> KB HOME South Bay Inc., a California Corporation <br /> 6700 Koll Center Parkway, Suite 200 <br /> Pleasanton, California 94566 <br /> Attn: Ray Panek <br /> (925) 750 -1700 <br /> The Preserve at Redwood Shores Owners' Association, a Nonprofit Mutual Benefit Corporation <br /> c/o Merit Property Management <br /> 4637 Chabot Drive, Suite 202 <br /> Pleasanton, California 94588 <br /> Attn: Stacey Moro <br /> (866) 622 -4983 <br /> Except as otherwise stated, all notices to be provided or that may be provided under <br /> this Agreement must be in writing and delivered by regular and certified mail. Each party <br /> will notify the other immediately of any changes of address that would require any notice <br /> or delivery to be directed to another address. <br /> -6- <br />