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Reso 2020-039
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Reso 2020-039
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5/20/2020 10:26:25 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
4/20/2020
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38 <br /> <br />specifically set forth as surviving the termination or expiration of this Agreement. The <br />termination or expiration of this Agreement shall not affect the validity of the Project Approvals <br />for the Project. <br />5.6.3. Termination by City. Notwithstanding any other provision of this <br />Agreement, City shall not have the right to terminate this Agreement with respect to all or any <br />portion of the Property before the expiration of its Term unless there is an alleged Event of <br />Default by Developer and such Event of Default is not cured pursuant to this Article 5 and <br />Developer has first been afforded an opportunity to be heard regarding the alleged default before <br />the City Council and this Agreement is terminated only with respect to that portion of the <br />Property to which the default applies. <br />5.6.4 Termination With Respect to Property Conveyance. Notwithstanding the <br />foregoing, either party hereto shall have the right to terminate its obligations with respect to the <br />conveyance of a specific Element of the conveyance of the Property if the conditions precedent <br />to such conveyance have not been satisfied or waived prior to the date set forth therefor in the <br />Schedule of Performance. In the event that a specific Element or Elements of the Property <br />conveyance is terminated as provided in this Section 5.6.4, the parties’ obligations with respect <br />to the other Elements of the Property which have not been terminated shall remain in full force <br />and effect. <br /> <br />ARTICLE 6. <br />COOPERATION AND IMPLEMENTATION <br />6.1. Further Actions and Instruments. <br />Each Party to this Agreement shall cooperate with and provide reasonable assistance to <br />the other Party and take all actions necessary to ensure that the Parties receive the benefits of this <br />Agreement, subject to satisfaction of the conditions of this Agreement. Upon the request of any <br />Party, the other Party shall promptly execute, with acknowledgment or affidavit if reasonably <br />required, and file or record such required instruments and writings and take any actions as may <br />be reasonably necessary under the terms of this Agreement to carry out the intent and to fulfill <br />the provisions of this Agreement or to evidence or consummate the transactions contemplated by <br />this Agreement. <br />6.2. Regulation by Other Public Agencies. <br />Other public agencies not within the control of City may possess authority to regulate <br />aspects of the development of the Property separately from or jointly with City, and this <br />Agreement does not limit the authority of such other public agencies. Nevertheless, City shall be <br />bound by, and shall abide by, its covenants and obligations under this Agreement in all respects <br />when dealing with any such agency regarding the Property. To the extent that City, the City <br />Council, the Planning Commission or any other board, agency, committee, department or <br />commission of City constitutes and sits as any other board, agency, commission, committee, or <br />department, it shall not take any action that conflicts with City’s obligations under this <br />Agreement unless required to by any State or Federal law.
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