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10A Action 2016 0216
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10A Action 2016 0216
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Last modified
2/25/2016 3:10:52 PM
Creation date
2/11/2016 10:48:08 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
2/16/2016
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PERM
Document Relationships
_CC Agenda 2016 0216 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0216
Agmt 2016 Sansome Pacific Properties, Inc. 3054
(Reference)
Path:
\City Clerk\City Council\Agreements\2016
Reso 2016-027
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
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<br /> 12 <br /> <br />To Buyer: Sansome Pacific Properties <br />303 Sacramento Street, 4th Floor <br />San Francisco, CA 94111 <br />Attn: David J. Gustafson, Director <br />To Seller: City of San Leandro <br />835 E. 14th Street <br />San Leandro, CA 94577 <br />Attn: Jeff Kay, Business <br />Development Manager <br /> <br />If to Escrow Holder: First American Title Company <br />National Commercial Services <br />1850 Mt. Diablo Boulevard <br />Suite 300 <br />Walnut Creek, CA 94596 <br />Attn: Pam Nicolini <br /> <br />Any such communication shall be deemed effective upon personal delivery or on <br />the date of first refusal to accept delivery as reflected on the receipt of delivery or return receipt, <br />as applicable. Any party may change its address by notice to the other party. Each party shall <br />make an ordinary, good faith effort to ensure that it will accept or receive notices that are given <br />in accordance with this section and that any person to be given notice actually receives such <br />notice. <br />11.9. Time. Time is of the essence to the performance of each and every <br />obligation under this Agreement. <br />11.10. Days of Week. If any date for exercise of any right, giving of any notice, <br />or performance of any provision of this Agreement falls on a Saturday, Sunday or holiday, the <br />time for performance will be extended to 5:00 p.m. on the next business day. <br />11.11. Reasonable Consent and Approval. Except as otherwise provided in this <br />Agreement, whenever a party is required or permitted to give its consent or approval under this <br />Agreement, such consent or approval shall not be unreasonably withheld or delayed. If a party is <br />required or permitted to give its consent or approval in its sole and absolute discretion or if such <br />consent or approval may be unreasonably withheld, such consent or approval may be <br />unreasonably withheld but shall not be unreasonably delayed. <br />11.12. Further Assurances. The Parties shall at their own cost and expense <br />execute and deliver such further documents and instruments and shall take such other actions as <br />may be reasonably required or appropriate to carry out the intent and purposes of this <br />Agreement. <br />11.13. Waivers. Any waiver by any party shall be in writing and shall not be <br />construed as a continuing waiver. No waiver will be implied from any delay or failure to take
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