BENTALL/WESTIMSTER 1A-2000 - Laserfiche WebLink

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. . 2.2 "Property Owner" or "Owner" means Bentall/Westminster Partners., being the person, persons, or entity having a legal or equitable interest in the Property, and includes Bentall/Westminster Partner's successors in interest. 2.3 "Property" is the real property described in Exhibit A and referred to in Exhibit B. 2.4 "Project" is the development of the Property as generally set forth in GPA No. 00-002 (City Resolution No. 2000-076), Site Plan Review 88-31, and the Project Description as set forth in the ErR (including Addendum) for the Project. 3. EXHIBITS. The following documents referred to in the Agreement are attached to this Agreement and are identified as follows: Exhibit Designation Description Referred to in Section A Property Legal Description 1.2 B Property Graphical Description (Site Plan) 1.2 C Plan of Development 2.1 4. GENERAL PROVISIONS. 4.1 Property Subject to the Agreement. Until released pursuant to the provisions of Section 9.3 below, no property shall be released from this Agreement until Property Owner has fully performed its obligations arising out ofthe Agreement. 4.2 Duration of Agreement. The term of the Agreement shall commence on, and the effective date of the Agreement shall be, the effective date of City Ordinance No. NS-2456 as set forth in Section 1.6 above, and the term shall extend for a period often (I 0) years following the effective date unless the Agreement is earlier terminated, or its term modified of fully executed by both parties; provided, however, that nothing herein is intended nor shall it be interpreted to extend the period of validity of any approval issued in conjunction with the City's Development Project Plan process or building permit, beyond local requirement. 4.3 Assignment. Owner shall have the right to transfer or assign the Property, in whole or in part, to any person, entity (public or private), partnership, joint venture, firm or corporation at any time during the term of this Agreement; provided, however, the rights of Owner 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 the City grants written consent to transfer the rights. Nor shall the rights of the 3