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Agmt 2009 Alameda County Allied Housing Program
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Agmt 2009 Alameda County Allied Housing Program
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Last modified
6/19/2009 11:52:01 AM
Creation date
6/19/2009 11:49:55 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/15/2009
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PERM
Document Relationships
Inst 2009238642
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2009
Inst 2009238643
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2009
RDA Reso 2009-015
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-094
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2009
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9.2 Remedies. If within the applicable cure period, Owner fails to cure a default or fails <br />to commence to cure and diligently pursue completion of a cure, as applicable, or if a cure is not. <br />possible, Agency and City may proceed with any of the following remedies: <br />(a) Bring an action for equitable relief seeking the specific performance of the <br />terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of <br />such terms and conditions, and/or seeking declaratory relief; <br />(b) Pursuant to the City Documents and the Agency Documents, accelerate <br />and declare the balance of the City Note, the Additional City Note, and the Agency Note, and <br />interest. accrued on all of the foregoing immediately due and payable; <br />(c} For violations of obligations with respect to rents for Restricted Units, <br />impose as liquidated damages a charge in an amount equal to the actual amount collected in <br />excess of the Qualifying Rent; <br />(d) Pursue any other remedy allowed at law or inequity. <br />Each of the remedies provided herein is cumulative and not exclusive. The Agency and <br />City may exercise from time to time any rights and remedies available to it under applicable law <br />or in equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this <br />Agreement. <br />10. Indemnification. Notwithstanding the insurance coverage required hereunder, Owner shall <br />defend, indemnify and hold the Agency, Clty and their respective elected and appointed <br />officials, officers, directors, employees, consultants, contractors and agents (collectively, the <br />"Indemnltees") harmless from and against any and all losses, damages, liabilities, claims, <br />demands, judgments, actions, court costs, and Legal or other expenses (including without limitation, <br />reasonable attorneys' fees) which arise as a result of or in connection with: {i) Owner's failure to <br />perform any obligation as and when required by this Agreement; (ii} any failure of Owner's <br />representations or warranties to be true and complete in all material respects when made; or (iii) <br />any act or omission by Owner, or any of Owner's contractors, subcontractors, agents, employees, <br />licensees or suppliers with respect to the Project or the Property, except to the extent that such <br />losses are caused by the gross negligence or willful misconduct of one or more Indemnltees. <br />Owner shall pay immediately upon demand any amounts owing under the indemnity provided <br />under this Section. The duty of Owner to indemnify includes the duty to defend the Indemnltees <br />in any court action, administrative action, or other proceeding brought by any third party arising <br />in connection with the Project or the Property with counsel reasonably approved by Agency and <br />City. Owner's duty to indemnify the Indemnltees shall survive the expiration or earlier <br />termination of this Agreement. <br />11. Miscellaneous. <br />11.1 Amendments. This Agreement maybe amended or modified only by a written <br />instrument signed by the Parties. <br />AMENDED AND RESTATED REGULATORY AGREEMENT 16 <br />MISSION BELL APARTMENTS <br />1227466-8 <br />
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