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Inst 2014153467
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Inst 2014153467
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8/6/2014 9:31:36 AM
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8/6/2014 9:31:33 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/21/2014
Recorded Document Type
Development Agreement
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PERM
Document Relationships
Ord 2014-002
(Approved by)
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\City Clerk\City Council\Ordinances\2014
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• <br /> independent defense counsel at its own expense. If, in the exercise of its sole discretion, <br /> Developer agrees to pay for defense counsel for City, Developer shall jointly participate in the <br /> selection of such counsel. The City shall not settle any third party litigation of Project Approvals <br /> without Developer's consent,which consent shall not be unreasonably withheld, conditioned or <br /> delayed, subject to Developer's rights under this Agreement. <br /> 6.5. Revision to Project. <br /> In the event of a court order issued as a result of a successful legal challenge, City shall, <br /> to the extent permitted by law or court order, in good faith seek to comply with the court order in <br /> such a manner as will maintain the integrity of the Project Approvals and avoid or minimize to <br /> the greatest extent possible (i) any impact to the development of the Project as provided for in, <br /> 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 reasonable and documented costs, including attorneys' fees and <br /> experts' costs, incurred to 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 /> 24 <br />
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