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6.1.D. - Page 15 <br /> and if such party is a partnership, corporation or trustee, that such partnership, corporation or trustee has <br /> full right and authority to enter into this Agreement and perform all of its obligations hereunder. <br /> 38. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br /> term and condition hereof. <br /> 39. Runs with the Land: Recordation. This Agreement pertains to and shall run with the <br /> Property. Upon execution, this Agreement shall be recorded in the Official Records of San Mateo <br /> County. Upon completion of performance and satisfaction by Developer of its obligations under this <br /> Agreement, including warranty obligations, a written statement shall be recorded by City in the Official <br /> Records of San Mateo County ternunating this Agreement and releasing all of the Property. The recorded <br /> written statement does not release the parties from obligations that survive ternunation of the Agreement, <br /> including indemnification. <br /> IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br /> Date. <br /> DEVELOPER CITY <br /> RC Pe ' ula P k,LLC, CITY OF REDWOOD CITY,a <br /> a De ware L ' e iability Company municipal corporation <br /> By: <br /> Robert B. Bell,City Manager <br /> Name: p s .�So� <br /> �Signature must be notarizedJ <br /> Title: ���t,�7��i/� S�IIP^'� <br /> ATTEST: <br /> �Signature must be notarizedJ <br /> Silvia Vonderlinden, City Clerk <br /> ATTY/AGR/2013.05311MPROVEMENT AGR-BAIR ISLAND RD PHASE II <br /> REV:04-18-13 VR <br />