Agmt 2007 Barbara M Brooks - Laserfiche WebLink

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OWNER PARTICIPATION AGREEMENT THIS OWNER PARTICIPATION AGREEMENT is dated as of May 7, 2007 , and is entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO (the Agency),a public body, corporate and politic, and The Barbara M. Brooks Separate Property Trust, a California trust (the Participant). The Agency and the Participant agree as follows: ARTICLE ONE SUBJECT OF AGREEMENT 1.01 Purpose of Aqreement The purpose of this Agreement is to effectuate the Redevelopment Plan for the Alameda County/City of San Leandro Joint Redevelopment ("Redevelopment Plan") Project Area by providing for the current occupation and future redevelopment of the Site in accordance with the Redevelopment Plan. 1.02 The Redevelopment Plan This Agreement is subject to the provisions of the Redevelopment Plan. 1.03 Proiect Area The Project Area is located in the City of San Leandro, California, the boundary of which IS specifically described in the Redevelopment Plan. 1.04 Definitions Capitalized terms used in this Agreement shall have the definitions set forth in this Section 1.04 or as otherwise defined in this Agreement: "Agency" means Redevelopment Agency of the City of San Leandro, a public body, corporate and politic, exercising governmental functions and powers and organized and existing under the laws of the State of California, with full power and authority to execute this Agreement. The principal office of the Agency is located at 835 East 14th Street, San Leandro, California 94577. "Agreement" means this Owner Participation Agreement between the Agency and the Participant. This Agreement is consistent with Chapter 2.08 of the Redevelopment Plan and shall be so construed. This Agreement fulfills the requirements of the California Community Redevelopment Law and the Agency's Owner Participation and Business Reentry Rules for the Participant. "City" means the City of San Leandro, a municipal corporation. "Commencement Date" means the date on which the Agency and the Participant enter into agreement via this OPA. "Effective Date" means that date first written above. "Environmental Law" means any federal, state or local statute, ordinance, rule, regulation, order, consent decree, judgment or common law doctrine, and provisions and conditions of permits, licenses and other operating authorizations regulating, or relating to or imposing liability or standards of conduct concerning (i) pollution or protection of the environment, including natural resources; (ii) exposure of persons, including employees and agents, to Hazardous Materials or other products, raw materials, chemicals or other substances; (iii) protection of the public health or welfare from the effects of by-products, wastes, emissions, discharges or releases of chemical substances from industrial or 2