GRAND PLAN I & II 1 - Laserfiche WebLink

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16. EFFECTIVE DATE AND TERM OF AGREEMENT This Agreement shall take effect from and after the date of adoption and approval by the City and the Agency pursuant to official action of the governing bodies thereof and shall be effective until completion and acceptance of the Nexus hnprovements and Publicly-Owned hnprovements. If Geneva Commons is approved by the City and Nexus is not, then Geneva Commons shall take over Nexus' obligations to construct a portion of the Nexus Improvements under this Agreement, but shall be required to (i) meet and confer with the Agency and Sandpointe, and using the order of the Nexus hnprovements specified in Exhibit A as a guide, designate which of the Nexus hnprovements shall be constructed using Geneva Commons twenty-five percent (25%) share of the estimated cost of the total Nexus hnprovements, and (ii) the parties agree and acknowledge that all references herein to Nexus shall be deemed to be references to Geneva Commons. If Nexus is approved and Geneva Cormnons is not, then Nexus, the Agency and Sandpointe shall meet and confer in good faith, and using the order of the Nexus hnprovements specified in Exhibit A as a guide, designate which of the Nexus hnprovements shall be constructed using Nexus seventy-five percent (75%) share of the estimated cost of the total Nexus hnprovements. 17. COMMENCEMENT DATE For purposes of this Agreement the term "Commencement Date" shall refer to the period after issuance of City entitlements and shall be deemed to be a date ninety (90) days after the issuance of entitlements to Nexus and Geneva Commons (whichever comes later). The Commencement Date shall be tolled should a valid referendum petition be presented challenging either project, or timely litigation be filed and served challenging any of the entitlements, including approval pursuant to the California Environmental Quality Act. 18. INTEGRATION This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreement between the parties with respect to all or any the matters addressed herein. All waivers ofthe provisions of this Agreement must be in writing and signed by the appropriate authorities of the parties, and all amendments hereto must be in writing and signed by the appropriate authorities of the parties. 19. ASSIGNMENT Nexus and Geneva Commons shall have the right to transfer or assign this Agreement, in whole, to any person, entity (public or private), partnership, joint venture, firm or corporation who is the owner of the real property referenced in the Recital hereto at any time during the term of this Agreement; provided, however, the rights of Nexus or Geneva Commons under this Agreement may not be transferred or assigned unless the written consent of the City Council is first obtained and any transfer or assignment of the rights under this Agreement shall include in writing the assumption of the duties, obligations, and liabilities arising from this Agreement if 11