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55A - AGMT LEGACY APARTMENTS
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55A - AGMT LEGACY APARTMENTS
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Last modified
12/10/2020 5:00:39 PM
Creation date
12/10/2020 4:55:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55A
Date
12/15/2020
Destruction Year
2025
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With a copy to: Buchalter, A Professional Corporation <br />1000 Wilshire Boulevard <br />Suite 1500 <br />Los Angeles, CA 90017-1730 <br />Attn: Michael Williamson (Ref. B0965-0521) <br />If to City: Community Development Agency of the City of Santa Ana <br />Housing Manager <br />20 Civic Center Plaza (M-26) <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />With a copy to: Office of the City Attorney <br />City of Santa Ana <br />20 Civic Center Plaza, 7th Floor (M-29) <br />Santa Ana, California 92702 <br />Addresses for notice may be changed as required by written notice to all other <br />parties. All notices personally served shall be effective when actually received. All notices <br />mailed shall be effective three (3) days after deposit in the U.S. Mail, postage prepaid. The <br />foregoing notwithstanding, the non -receipt of any notice as the result of a change of address <br />of which the sending parry was not notified or as the result of a refusal to accept delivery <br />shall be deemed receipt of such notice. <br />21.3 Survival of Representations and Warranties. All representations and <br />warranties in the Loan Documents shall survive the making of the Loan(s) described herein <br />and have been or will be relied on by City notwithstanding any investigation made by either <br />party- <br />21.4 No Third Parties Benefited. This Agreement is made for the purpose of <br />setting forth rights and obligations of Developer and the City, and no other person shall <br />have any rights hereunder or by reason hereof. <br />21.5 Binding Effect; Assienment of Obligations. This Agreement shall bind, <br />and shall inure to the benefit of, Developer and City and their respective successors and <br />assigns. Other than as expressly provided to the contrary in this Agreement, Developer <br />shall not assign any of its rights or obligations under any Loan Document without the prior <br />written consent of City, which consent may be withheld in City's sole and absolute <br />discretion. Any such assignment without such consent shall, at City's option, be void. <br />21.6 Prior Agreements; Amendments; Consents. This Agreement (together <br />with all other Loan Documents) contains the entire agreement between the City and <br />Developer with respect to the Loan and the Property, and all prior negotiations, <br />understandings and agreements are superseded by this Agreement and such other Loan <br />Documents. No modification of any Loan Document (including waivers of rights and <br />conditions) shall be effective unless in writing and signed by the party against whom <br />enforcement of such modification is sought, and then only in the specific instance and for <br />the specific purpose given. <br />55A-54 <br />
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