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AgdaPkt 2013-11-18 Special
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AgdaPkt 2013-11-18 Special
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Last modified
11/19/2013 10:11:16 AM
Creation date
11/15/2013 3:48:02 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Special
Agency Type
City Council
Date
11/18/2013
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7.1 .D. - Page 39 <br /> Ez�hibit"C" <br /> Form of Assignment and Assumption Agreement <br /> ASSIGNMENT AND ASSUMPTION OF <br /> LANDSCAPE NIAINTENANCE AGREEMENT <br /> (Main+ Marshall, 601 Main Street) <br /> THIS ASSIGNMENT AND ASSUMPTION OF THE LANDSCAPE MAINTENANCE <br /> AGREEMENT ("AssignmenY') is made as of , 20 , by and between LMI Redwood <br /> City Holdings, LLC, a Delaware limited liability company ("Assignor") and <br /> , a ("Assignee'�. <br /> RECITALS <br /> A. Assignor and the City of Redwood City ("City") are parties to that certain Landscape <br /> Maintenance Agreement dated (the "AgreemenY'), which Agreement commits <br /> the Assignor to maintain, repair, care for, and replace certain landscape improvements on that <br /> certain real property situated at 601 Main Street in the City of Redwood City, consisting of a <br /> residential community. Capitalized terms not otherwise defined shall have the meanings set forth <br /> in the Agreement. <br /> B. Section 16 of the Agreement authorizes the Assignor to assign the Agreement in its <br /> entirety, provided that the Assignee expressly assumes all of the obligations set forth in the <br /> Agreement. <br /> C. Assignor desires to assign and transfer to Assignee, and Assignee desires to assume and <br /> accept from Assignor, all of Assignor's rights and obligations as set forth in the Agreement. <br /> AGREEMENTS <br /> NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of <br /> which are hereby acknowledged, the parties agree as follows: <br /> 1. Assignment. Assignor hereby assigns, sells and transfers to Assignee, free and <br /> clear of all Liens, all of Assignor's right,title and interest in and to the Agreement. <br /> 2. Assumntion. Assignee hereby accepts this assignment ofthe Agreement and agrees <br /> to be bound by all of the terms, conditions, and covenants of the Agreement. <br /> 3. Effectiveness. This Assignment shall be effective as of the date first set forth <br /> above. From and after such date, Assignee shall be entitled to all of the rights and bound by all of <br /> the obligations set forth in the Agreement. Upon the execution of this Assignment, Assignee shall <br /> ATN/AGR/2013.219/LANDSCAPE MAINTAGR 601 MAIN STREET <br /> REV: 11-12-13 VR <br /> Page 11 of 12 <br />
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