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MOU-Auto Mall Sign <br />May 2004 <br />Page 4 of 4 <br />receiving the bill. If SLAMDA fails to pay the Agency's invoice within the aforesaid time, interest <br />on the debt shall accrue and become payable at the rate of six percent (6%) per annum. <br />SECTION 15. Termination. Notwithstanding any other Section in this Agreement or any other <br />permit or license issued by the City of San Leandro, the Agency reserves the right to terminate this <br />Agreement by providing SLAMDA with thirty (30) days written notice and cause the Sign to be <br />removed. <br />The parties have executed this Agreement as of the date first written above. <br />Attest: <br />Marian Handa, Agency Secretary <br />Approved as to Form: <br />~Tb~ J e W. Williams, Agency Counsel <br />Approved as to Budget Authority: <br />__..-- <br />e Baloca, Agency Treasurer <br />Account #: 962-86-022-5120 <br />REDEVELOPMENT AGENCY OF THE <br />CITY OF SAN LEANDRO, a body corporate <br />and politic <br />RMANIS, Executive Director <br />SAN LEANDRO AUTO MALL DEALERS <br />ASSOCIATION, a California non-profit <br />mutual benefit corporation <br />David Adragna, President <br />G:~DEP1lOffice of Business Development\F'iles RDAVoint Project Area~P,uto Mall~directional signage~dealer assoc MOU.doc <br />