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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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06/21/2016
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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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Last modified
6/20/2016 10:17:15 AM
Creation date
6/16/2016 4:19:20 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25H
Date
6/21/2016
Destruction Year
2021
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203 .0juraalative Remedies- No Waiver. 01y's rights and remedtcs under the <br />kmn Docnnaents tyre caa.madative and in addhhon too all rights and uertnedies provideal by <br />law. The exercise by City of any right tar ueapaedy Shall not constitnte a eurC or wwaa,iVU of <br />ally default, uutrr invalidate any notice of defautt or any act done puasuar to any such <br />notice, rtor pelardwe the City En the exeaa use. of ally other right ou reinedy. No waiver of <br />aivy defianit shall be implied froth any omission 1)y City to take action can account ol`such <br />default if such dofault Ipersists or N repeated. No waiver of any default shall aMtct any <br />dcfaaalt other than the del "well expressly wwaivccl, and any uaula waiver shall be operative <br />only liar the time and to the extent stated. No %waiver of ally provision of any Loan <br />Document shall be construed as a waiver of auy subsea uend breach aofthe saanae prarmfean. <br />C.atv's consent to or approval of any act by l3eveloper requiring, iiarther consent or <br />approval shall not be deemed to waive or rcndcr uruaeCewsary City's consent to or <br />approval of any subsequent act. The City's acceptaaaaee of the Late performance of any <br />obligation shall not constitute a waiver by City of the right to require proarrlxt portin:aaatanc u <br />of all further obligations; City's acceptance of any performance following ill(., stmdinp or <br />fila'tag <br />Of ally nodicc Of alulimdt shall not constitute a waiver w;ol' either party's right to <br />pocce'd with the exercise of its remedies char .any Unfulfilled obligations; and City's <br />accept:aiwe of any partial performance shall not constitule a waiver by City of any ril hts. <br />21. MISCELLANEOUS <br />21,1 Obligations Unconditional and Endeapendenc Notwithstanding the <br />existence at any time of rely obligation or liability cif City to Developer, or any other <br />claim by developer %against. City, in connection with the Loan or otherww'isc, Developer <br />hereby Waives aany right it might otherwise have (a) to offset any such obligation, liability <br />or claim against Developer ",, obhgatt`ons gander the Loan Documents, or (b�) to claim that <br />the of ally such Outswildiing obligaatrora, liability or Claim excuses the <br />ncnaperlbl- n-ince by Devetolper o any o[ tts oblig,adoow, under the Loan Docurnerrts. <br />21.2 Notices. All naotices, demands, tapprovats and other couaanaainications <br />provided for in the Lome Documents shall be ill writing and be delivered to the <br />appropriate party by peusomd service or U.S, mail at aty address as follows: <br />If to Devclope.r: Guest HoU;9e IT <br />coo C"'DP Guest House LLC ". <br />.1416 Via Clptmlo, Suile 30 B. <br />Newport 13cach, C'alll'ornia 92063 <br />Attla: Kylc Paine <br />With a copy to; I11C GUeSt House Sanl1aa Ana, LLC <br />c/o Affordable HoUVang Albauev H, talc <br />DBA Iracgaity Housing <br />4 S°cntnre, Suite 295 <br />h;tiine, CA 9:618 <br />I to [:'ity: City of Snntn .!Alta <br />Eixcc:utiwve Dii'cctor ([`DA) <br />I9 <br />25H -47 <br />
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