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COATAL RIMS & GENEVA COMMONS 1
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COATAL RIMS & GENEVA COMMONS 1
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Entry Properties
Last modified
1/3/2012 3:10:31 PM
Creation date
5/31/2005 2:02:24 PM
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Contracts
Company Name
Coastal Rim Properties, inc. & Geneva Commons, LLC
Contract #
A-2005-108
Agency
Planning & Building
Council Approval Date
4/18/2005
Expiration Date
4/18/2010
Destruction Year
2015
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<br />this Agreement. Upon assigmnent or transfer of the rights of Owner under this Agreement, the <br />obligations of Owner and the transferee or assignee shall be joint and several. <br /> <br />4.3.1 Permitted Assignments. The prohibition against transfer of ownership of <br />the Property as defined in section 4.3 above shall not apply to, and the City hereby consents to, <br />the following: <br /> <br />a. Associations, including .limited partnerships, limited liability <br />companies, or joint ventures with other entities for the purpose of performing Owner's <br />obligations under this Agreement, provided Owner retains sole operational and managerial <br />control. <br /> <br />b. Easements or temporary permits to facilitate development of the <br /> <br />Property . <br /> <br />c. Deeds oftrust or other financing documents executed for the <br />purpose of securing loans to Owner made to finance the development of the Property, and <br />transfers to any person or entity pursuant to a foreclosure or deed in lieu of foreclosure of such <br />deed of trust or other, similar, financing documents and any subsequent transfer by any such <br />person or entity. <br /> <br />4.4 Amendment or Cancellation of Agreement. This Agreement may be <br />amended from time to time or cancelled by the mutual consent of the parties, but only in the <br />same manner as its adoption by an ordinance as set forth in Govermnent Code Section 65868. <br />The term "Agreement" or "Development Agreement" as used herein shall include any <br />amendment properly approved and executed. <br /> <br />4.5 Enforcement. Notwithstanding Govermnent Code Section 65865.4, this <br />Agreement is enforceable by any party to the Agreement in any manner provided by law. The <br />remedies provided in Section 8.4 of this Agreement shall not include, and City shall not be liable <br />for, any action in damages or any costs or attomey's fees resulting from any dispute, <br />controversy, action or inaction, or any legal proceeding arising out of this Agreement except as <br />may be provided in Section 6.3(5) of this Agreement. <br /> <br />4.6 Hold Harmless. Property Owner agrees to and shall hold City, its <br />officers, agents, employees, consultants, special counsel, and representatives harmless from <br />liability: (I) for damages, just compensation, restitution, judicial or equitable relief arising out of <br />claims for personal injury, including health, and claims for property damage, which may arise <br />from the direct or indirect operations of the Property Owner or their contractors, subcontractors, <br />agents, employees, or other persons acting on their behalf which relates to the Project; and (2) <br />from any claim that damages, just compensation, restitution, judicial or equitable relief is due by <br />reason of the terms of or effects arising from this Agreement This hold harmless Agreement <br />applies to all claims for damages, just compensation, restitution, judicial or equitable relief <br />5 <br />
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