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the City grants Nvritten consent to transfer the rights. Not shall tbo. rights of Nexus or Geneva <br />Commons hereunder be subject to assignment by attachment, execution, or proceedings under <br />any provision of the Banlcruptey Act, acid any such assignment or transfer shall be wholly void <br />and of no force and effect unless such written consent thereto be obtained from the City Council. <br />Such transfer or assignment shall not relieve Nexus or Geneva Commons of any duty, obligation <br />or liability to City without the consent of the City. <br />During the terns of this Agreement, any approved assignee or transferee of the <br />rights undt<r this Agreement shall observe and perform all of the duties and obligations of Nexus <br />or Geneva Commons contained in this Agreement as such duties and obligations pertain to the <br />Nexus or Geneva Commons. Any and all approved successors and assignees of Nexus or <br />Geneva Commons shall have all of the same rights, benofits, duties, obligations, and liabilities of <br />Nexus or Geneva Commons under this Agreement; If the Property is subdivided,'any subdivided <br />parcel may be sold, mortgaged, hypothecated, assigned, or transferred to persons for <br />development by them. Capon assignment or transfer of the rights of Nexus or Geneva Commons <br />under this Agreement, the obligations of the assignor and the transferee or assignee shall be joint <br />and several. <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreement the date and <br />year first above written. <br />SANDPOINTB NEIGHBORHOOD, <br />ASSOCIATION, INC. <br />By <br />Name <br />Its <br />NEXUS DEVELOPMENT CORPORATION/ <br />CBNTRAL DIVISION, INC. <br />By Z"t-1 4z O <br />Name <br />Its <br />Chdinance No. NS-2660 12 <br />Page 42 of 61 <br />75A -163 <br />