RDA Reso 2000-006 - Laserfiche WebLink

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operate a first-class, high quality office complex, including without limitation, two office buildings and a plaza on the Property and improvements designated in the DDA as the "Adjacent City Property Improvements" on the "Adjacent City Property" (as described in the DDA), all as more particularly described in the DDA ("Conforming Office Facility"), and other requirements as set forth therein. All terms used herein shall have the same meaning as those used in the DDA. The Property is conveyed subject to the terms and conditions of the DDA, including without limitation the obligation of the Developer (and its successors) to develop on the Property a first-class office complex as more particularly provided in the DDA, the obligation of the Developer to develop certain specified improvements on the "Adjacent City Property" and to maintain such improvements, and certain obligations to indemnify and hold harmless the Agency under the Agreement. The Developer, as grantee hereunder, assumes all responsibility for and shall defend, indemnify and hold harmless the Agency, the City, and their respective officials, officers, employees and agents from and against any loss, claim, suit, demand, or damages arising from or in connection with the Adjacent City Property, the maintenance of the Adjacent City Property, or the improvement of the Adjacent City Property. the obligations of the Developer hereunder shall remain in effect until July 5, 2028 (the termination date of the Redevelopment Plan). 3. Permitted Uses and Duty to Maintain the Adjacent City Property. The Developer covenants and agrees for itself, its successors, its assigns, and every successor in interest to the Property or any part thereof, that upon the date of this Grant Deed as follows: (a) The Developer shall devote the Property to the uses specified in the Redevelopment Plan and this Grant Deed for the periods of time specified therein. All uses conducted on the Property, including, without limitation, all activities undertaken by the Developer pursuant to the DDA, shall conform to the DDA, the Redevelopment Plan and all applicable provisions of the City Municipal Code. The foregoing covenants shall run with the land. (b) The Developer hereby covenants and agrees on a continuous basis to devote the Property to the operation of a Conforming Office Facility. The foregoing covenants shall run with the land. (c) The Developer shall maintain the Adjacent City Property as provided in Section 4 hereof. The foregoing covenants shall run with the land. 4. Development and Maintenance of the Adjacent City Property and the Property. (a) Installation of Improvements; Maintenance. Developer shall install on the Adjacent City Property the "Adjacent City Property Improvements" as required to be accomplished by the Developer as to the Adjacent City Property under the DDA. Commencing as of its entry onto the Adjacent City Property and continuing until July 5, 2028 (the termination date of the Redevelopment Plan), the Developer shall be responsible for maintenance of the Adjacent City Property, including without limitation, landscaping, sidewalks, watering, weeding, fertilizing, and other maintenance tasks as necessary to cause the Adjacent City Property to be maintained as a high - quality amenity that is comparable to the adjacent office buildings and plaza on the Property under the DDA. Developer shall maintain the Adjacent City Property and adjacent sidewalks, public C-2 DOCS00701700v 6\242 5 8.0001