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8F Consent 2011 1205
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8F Consent 2011 1205
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Last modified
12/14/2011 2:38:19 PM
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11/29/2011 5:01:36 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
12/5/2011
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_CC Agenda 2011 1205
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2011\Packet 2011 1205
3B Public Hearing 2011 1121
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2011\Packet 2011 1121
Ord 2011-013
(Reference)
Path:
\City Clerk\City Council\Ordinances\2011
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and contemplated by, the Vested Elements, or (ii) any conflict with the Vested Elements or <br />frustration of the intent or purpose of the Vested Elements. <br />6.6. State, Federal or Case Law <br />Where any state, federal or case law allows City to exercise any discretion or take any act <br />with respect to that law, City shall, in an expeditious and timely manner, at the earliest possible <br />time, (a) exercise its discretion in such a way as to be consistent with, and carry out the terms of, <br />this Agreement and (b) take such other actions as may be necessary to carry out in good faith the <br />terms of this Agreement. <br />6.7. Defense of Agreement <br />City shall take all actions that are necessary or advisable to uphold the validity and <br />enforceability of this Agreement. If this Agreement is adjudicated or determined to be invalid or <br />unenforceable, City agrees, subject to all legal requirements, to consider modifications to this <br />Agreement to render it valid and enforceable to the extent permitted by applicable law. <br />Developer shall pay all of City's costs, including attorneys' fees and experts' costs, incurred to <br />modify or defend this Agreement. <br />ARTICLE 7. <br />TRANSFERS AND ASSIGNMENTS <br />7.1. Right to Assign <br />Developer shall have the right to sell, assign or transfer ( " Transfer ") in whole or in part <br />its rights, duties and obligations under this Development Agreement, to any person or entity at <br />any time during the Term of this Development Agreement without the consent of City; provided, <br />however, in no event shall the rights, duties and obligations conferred upon Developer pursuant <br />to this Development Agreement be at any time so Transferred except through a transfer of the <br />Property. In the event of a transfer of a portion of the Property, Developer shall have the right to <br />Transfer its rights, duties and obligations under this Development Agreement that are applicable <br />to the transferred portion, and to retain all rights, duties and obligations applicable to the retained <br />portions of the Property. Upon Developer's request, City shall cooperate with Developer and <br />any proposed transferee to allocate rights, duties and obligations under this Development <br />Agreement and the Project Approvals among the transferred Property and the retained Property. <br />7.2. Release upon Transfer <br />Upon the Transfer of Developer's rights and interests under this Development Agreement <br />pursuant to Section 7. 1, Developer shall automatically be released from its obligations and <br />liabilities under this Development Agreement with respect to that portion of the Property <br />transferred, and any subsequent default or breach with respect to the Transferred rights and/or <br />obligations shall not constitute a default or breach with respect to the retained rights and/or <br />obligations under this Development Agreement, provided that (i) Developer has provided to City <br />written notice of such Transfer, and (ii) the transferee executes and delivers to City a written <br />agreement in which (a) the name and address of the transferee is set forth and (b) the transferee <br />expressly and unconditionally assumes all of the obligations of Developer under this <br />19 <br />
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