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03 - JOINT PH - DDA RSI Development LLC
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03 - JOINT PH - DDA RSI Development LLC
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Last modified
1/3/2012 3:33:44 PM
Creation date
6/23/2011 4:19:21 PM
Metadata
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
03
Date
1/5/2009
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617. Computation of Time. The time in which any act is to be done under this <br />Agreement is computed by excluding the first day (such as the day escrow opens), and including <br />the last day, unless the last day is a holiday or Saturday or Sunday, and then that day is also <br />excluded. The term "holiday" shall mean all holidays as specified in Section 6700 and 6701 of <br />the California Government Code. If any act is to be done by a particular time during a day, that <br />time shall be Pacific Time Zone time. <br />618. Legal Advice. Each party represents and warrants to the other the following: they <br />have carefully read this Agreement, and in signing this Agreement, they do so with full <br />knowledge of any right which they may have; they have received independent legal advice from <br />their respective legal counsel as to the matters set forth in this Agreement, or have knowingly <br />chosen not to consult legal counsel as to the matters set forth in this Agreement; and, they have <br />freely signed this Agreement without any reliance upon any agreement, promise, statement or <br />representation by or on behalf of the other party, or their respective agents, employees, or <br />attorneys, except as specifically set forth in this Agreement, and without duress or coercion, <br />whether economic or otherwise. <br />619. Time of Essence. Time is expressly made of the essence with respect to the <br />performance by the Agency and the Developer of each and every obligation and condition of this <br />Agreement. <br />620. Cooperation. Each party agrees to cooperate with the other in this transaction <br />and, in that regard, to sign any and all documents which maybe reasonably necessary, helpful, or <br />appropriate to carry out the purposes and intent of this Agreement including, but not limited to, <br />releases or additional agreements. <br />621. Conflicts of Interest. No member, official or employee of the Agency shall have <br />any personal interest, direct or indirect, in this Agreement, nor shall any such member, official or <br />employee participate in any decision relating to the Agreement which affects his/her personal <br />interests or the interests of any corporation, partnership or association in which he/she is directly <br />or indirectly interested. <br />622. Date of Agreement. The date of this Agreement shall be the date set forth in the <br />first paragraph hereof. <br />600457905v2 4 <br />
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