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25A - AGMT DEVELOPMENT IMPACT FEE
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10/15/2019
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25A - AGMT DEVELOPMENT IMPACT FEE
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Last modified
10/10/2019 5:12:54 PM
Creation date
10/10/2019 4:50:52 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25A
Date
10/15/2019
Destruction Year
2024
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i0a:11-111 a <br />With copy to: BCP/ First Point I, LLC <br />BCP/ First Point II LLC <br />c/o Boston Capital Partners <br />One Boston Place, 21' Floor <br />Boston, MA 02108 <br />Attention: Asset Management (First Point Apartments) <br />3.14 Attorneys' Fees and Costs. Should the City or Owner bring any action or <br />proceeding against the other, and if such action or proceeding is related to the interpretation or <br />enforcement of this Agreement or in any way relates to or arises due to the existence of this <br />Agreement, then the prevailing party in that action or proceeding shall be entitled to recover from <br />the non -prevailing party, in addition to all other relief to which the prevailing party may be entitled, <br />its actual litigation costs and attorneys' and expert witness fees. The "prevailing party" shall be <br />as determined by the court in accordance with the provisions of California Code of Civil Procedure <br />Section 1032. Recoverable litigation costs and attorneys' fees include those incurred by the <br />prevailing party in the enforcement of any judgment or other judicial order, and during the defense <br />of any appeal taken from such underlying judgment or other judicial order. <br />3.15 Entire Agreement. This Agreement constitutes the entire agreement of City and <br />Owner and supersedes all previous agreements, oral or written, on the subject matter of this <br />Agreement. <br />3.16 Modification. This Agreement may be amended or modified only by an agreement <br />in writing signed by each of the parties hereto. <br />3.17 Headings. Section headings contained in this Agreement are for convenience only, <br />and shall not impact the construction or interpretation of any provision. <br />3.18 Severability. If any provision or clause of this Agreement or any application of it <br />to any person, firm, organization, partnership or corporation is held invalid, such invalidity shall <br />not affect any other provision of this Agreement, and the Agreement shall be construed as if such <br />provisions or clauses did not exist. <br />3.19 Time is of the Essence. Time is of the essence in this Agreement. <br />3.20 No Third Party Beneficiaries. This Agreement and the performance of the City's <br />and Owner's obligations hereunder are for the sole and exclusive benefit of the City and Owner. <br />No person or entity who or which is not a signatory to this Agreement shall be deemed to be <br />benefited or intended to be benefited by any provision hereof, and no such person or entity shall <br />acquire any rights or causes of action against either the City or Owner hereunder as a result of the <br />City's or Owner's performance or nonperformance of their respective obligations under this <br />Agreement. <br />[Signatures on Following Page] <br />25A-11 <br />
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