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RDA Agmt 2000 Brooks_Michael etc
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RDA Agmt 2000 Brooks_Michael etc
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Last modified
9/4/2010 5:02:00 PM
Creation date
9/4/2010 5:01:58 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/20/2000
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PERM
Document Relationships
RDA Reso 2000-012
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2000
Reso 2000-036
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2000
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6.02 No Fault of Parties. <br /> If conditions imposed by the City of San Leandro subsequent to execution of this Agreement and <br /> prior to the Close of Escrow make development of the Property in the manner contemplated by this <br /> Agreement infeasible for Developer, this Agreement may be terminated by written notice to the other Party. <br /> Thereafter, neither Party shall have any rights against or liability to the other, except as set forth in Article <br /> Six and Part Two. <br /> 6.03 Fault of Agency. <br /> Prior to the Close of Escrow and after the Close of Escrow and prior to the issuance of the <br /> certificate of completion, except as to events constituting a basis for termination under Section 6.02, the <br /> following events each constitute a basis for Developer to take action against the Agency: <br /> (a) Agency does not meet its pre- disposition conditions within the relevant times set <br /> forth in Article Two above; <br /> (b) Agency without good cause fails to convey the Property within the manner and <br /> form herein called for and the Developer is otherwise entitled by this Agreement to such action or <br /> conveyance; <br /> (c) Agency breaches any other material provisions of this Agreement <br /> Upon the happening of any of the above - described events, the Developer shall <br /> first notify the Agency in writing of its purported breach or failure, giving the Agency ten (10) days from <br /> receipt of such notice to cure such breach or failure or if the nature of the breach or failure is such that it <br /> cannot reasonably be cured in ten (10) days, then giving the Agency such longer period as reasonably <br /> may be required for such cure provided that Agency commences action to cure the breach or default within <br /> said ten (10) day period and thereafter diligently pursues the cure to completion. In the event Agency does <br /> not then so cure or commence to cure within said ten (10) days, then the Developer thereafter shall have <br /> the right to terminate this Agreement, and any other rights afforded it by law or in equity. <br /> 6.04 Fault of Developer. <br /> Prior to the Close of Escrow and after the Close of Escrow and prior to the issuance of the <br /> certificate of completion, the following events each constitute a basis for the Agency to exercise its rights <br /> pursuant to Section Six of this Part, as applicable: <br /> (a) Developer does not meet its pre- disposition conditions within the relevant times <br /> set forth in Article One above; <br /> (b) Developer refuses to accept conveyance from the Agency of the <br /> Property within the time periods, and under such terms as herein called for; <br /> Disposition and Development Page 11 of 23 <br /> Agreement <br /> f <br />
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