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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 16. EFFECTIVE DATE AND TERM OF AGREEMENT <br /> <br /> This Agreement shall take effect from and after the date of adoption and approval by the <br /> City and the Agency pursuant to. official action of the governing bodies thereof and shall be <br /> effective until completion and acceptance of the Nexus-Improvements and Publicly-Owned <br /> Improvements. If Geneva Commons is approved by the City and Nexus is not, then Geneva <br /> Commons shall take over Nexus' obligations to consiruct a portion of the Nexus Improvements <br /> under this Agreement, but shall be required to (i) meet acid confer with the Agency and Sandpointe, <br /> and using the order of tho Nexus Improvements specified in Exhibit: A as a guide, designate which <br /> of the Nexus Improvements shall b6constructed using Geneva Commons twenty-five percent <br /> (25%) share of the estimated cost of the total Nexus Improvements, and (ii) the parties agree and <br /> acknowledge that all references herein to Nexus shall bo deemed to be references to Geneva <br /> Commons. IfNexus is approved and Geneva Commons is not, then Nexus, the Agency and <br /> Sandpointe sliall meet and confer in good faith, and using the order of the Nexus Improvements <br /> specified in Exhibit, A as a guide, designate which of the Nexus Improvements shall be constructed <br /> using Nexus seventy-five percent (75%) share of the estimated cost of the total Nexus <br /> Improvements. <br /> 17. COMMENCEMENT DATE <br /> For purposes of this Agreement the terns "Commencement Date" shall refer to the period <br /> after issuance of City entitlements and shall be deemed to be a date ninety (90) days after the <br /> issuance of entitlements to Nexus and Geneva Commons (whichever comes later). The <br /> Commencement Date shall be tolled should a valid referendum petition be presented challenging <br /> either project, or timely litigation be filed and served challenging any ofthe entitlements, including <br /> approval pursuant to the California Environmental Quality Act. <br /> 18. INTEGRATION <br /> This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, <br /> and supersedes all negotiations or previous agreement between the parties with respect to all or <br /> any the matters addressed herein. All waivers of the provisions of this Agreement must be in <br /> writing and signed by the appropriate authorities of the parties, and all amendments hereto must <br /> be in writing slid signed by the appropriate authorities of the parties, <br /> 19. ASSIGNMENT <br /> Nexus and Geneva Commons shall have the right to transfer or assign this Agreement, in <br /> whole, to any person, entity (public or private), partnership, joint venture, firm or corporation <br /> who is the owner of the real property referenced in tho Recital hereto at any time during the term <br /> of this Agreement; provided, however, the rights of Nexus or Geneva Commons under this <br /> Agreement may not be transferred or assigned unless the written consent of the City. Council is <br /> first obtained and any transfer or assignment of the rights under this Agreement shal l include in <br /> <br /> .EXHIBIT D <br /> Ordinance No. N5-2880 t t <br /> Page 40 of 61 <br /> <br /> <br /> <br /> <br /> 75A-161 <br />