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ORANGE HOUSING DEVELOPMENT CORPORATION
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Last modified
8/6/2024 12:25:39 PM
Creation date
8/6/2024 12:11:43 PM
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Contracts
Company Name
ORANGE HOUSING DEVELOPMENT CORPORATION
Contract #
A-2024-106
Agency
Community Development
Council Approval Date
7/16/2024
Expiration Date
7/15/2079
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(n) Force Majeure. Neither Party shall be deemed to be in default where failure <br />or delay in performance of any of its obligations under this Agreement is caused by floods, <br />earthquakes, other Acts of God, fires, pandemics as declared by federal, state, or local emergency <br />resolution, wars, riots or similar hostilities, strikes and other labor difficulties beyond the Party's <br />control (including the Party's employment force), court actions (such as restraining orders or <br />injunctions), or other causes beyond the Party's control, including delays by any governmental <br />entity (although the City may not benefit from this provision for a delay that results from City's <br />failure to perform its obligations under this Agreement), or an insurance company of either party. <br />If any such events shall occur, the Term of this Agreement and the time for performance by either <br />Party of any of its obligations hereunder may be extended by the written agreement of the Parties <br />for the period of time that such events prevented such performance. <br />(o) Mutual Covenants. The covenants contained herein are mutual covenants <br />and also constitute conditions to the concurrent or subsequent performance by the Party benefited <br />thereby of the covenants to be performed hereunder by such benefited Party. <br />(p) Successors in Interest. The burdens of this Agreement shall be binding <br />upon, and the benefits of this Agreement shall inure to, all permitted successors in interest to the <br />Parties to this Agreement. All provisions of this Agreement shall be enforceable as equitable <br />servitudes and constitute covenants running with the land. Each covenant to do or refrain from <br />doing some act hereunder with regard to the Property: (a) is for the benefit of and is a burden upon <br />every portion of the Property; (b) runs with the Property and each portion thereof; and (c) is binding <br />upon each Party and each successor in interest approved pursuant to this Agreement during <br />ownership of the Property or any portion thereof. <br />(q) Counterparts. This Agreement may be executed by the Parties in <br />counterparts, which counterparts shall be construed together and have the same effect as if all of <br />the Parties had executed the same instrument. <br />(r) Jurisdiction and Venue. Any action at law or in equity under this <br />Agreement or brought by a Party hereto for the purpose of enforcing, construing or determining <br />the validity of any provision of this Agreement shall be filed and tried in the Superior Court of the <br />County of Orange, State of California, and the Parties hereto waive all provisions of law providing <br />for the filing, removal or change of venue to any other court. <br />(s) Project as a Private Undertaking. It is specifically understood and agreed <br />by and between the Parties hereto that the Project is a private development, that neither Party is <br />acting as the agent of the other in any respect hereunder, and that each Party is an independent <br />contracting entity with respect to the terms, covenants and conditions contained in this Agreement. <br />No partnership, joint venture or other association of any kind is formed by this Agreement. The <br />only relationship between City and Owner is that of a government entity regulating private <br />property and the Owner of such property. <br />(t) Further Actions and Instruments. Each of the Parties shall cooperate with <br />and provide reasonable assistance to the other to the extent contemplated hereunder in the <br />performance of all obligations under this Agreement and in the satisfaction of the Project and <br />conditions of this Agreement. Upon the request of either Party at any time, the other Party shall <br />16 <br />Error! Unknown document property name. <br />
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