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80A - JOINT - LOAN AGMT AMCAL
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02/07/2017
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80A - JOINT - LOAN AGMT AMCAL
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Last modified
2/2/2017 4:09:44 PM
Creation date
2/2/2017 3:55:17 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
2/7/2017
Destruction Year
2022
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pursuant to any environmental law, and (d) obtain and renew all environmental permits required <br />for ownership or use of the Property. <br />14.3 Presence of Hazardous Materials. Developer shall not, and shall not permit <br />anyone else to, generate, use, treat, store, handle, release, or dispose of Hazardous Materials on <br />the Property, or transport or permit the transportation of Hazardous Materials to or from the <br />Property except for de minimis quantities used at the Property in compliance with all applicable <br />environmental laws and required in connection with the routine operation and maintenance of the <br />Property. <br />14.4 Notice of Environmental Matters. Developer shall immediately advise City in <br />writing of any of the following: (a) any pending or threatened environmental claim against <br />Developer or the Property, (b) any condition or occurrence that (i) results in noncompliance with <br />any applicable environmental law, (ii) could reasonably be anticipated to cause the Property to <br />be subject to any restrictions on the ownership, occupancy, use or transferability of the Property <br />under any environmental Law, or (iii) could reasonably be anticipated to form the basis of an <br />environmental claim against the Property or Developer. <br />14.5 Environmental Indemnification by the Developer. Developer agrees to defend, <br />indemnify and hold harmless the City and its respective officers, directors, employees and agents <br />(collectively the "lndemnitees ") from and against any and all obligations (including removal and <br />remediation), losses, claims (including third party claims), suits, judgments, liabilities, penalties, <br />damages (including consequential and punitive damages), costs and expenses (including <br />consultants, and attorneys' fees) of whatever kind or nature whatsoever that may at any time be <br />incurred by, imposed on, or asserted against the lndemnitees directly or indirectly based on, or <br />arising or resulting from the actual or alleged presence of Hazardous Materials on the Property <br />other than resulting from the gross negligence or willful misconduct of any Indemnitee. <br />15. OTHER AFFIRMATIVE COVENANTS <br />While any obligation of Developer under the Inclusionary Promissory Note or <br />Inclusionary Deed of Trust remain outstanding, the following provisions shall apply, except to <br />the extent that City Project Manager otherwise consents in writing: <br />15.1 Existence. The sole member of Developer's managing general partner shall <br />maintain its existence in good standing under the laws of the State of California, and Developer <br />shall provide documentation of such status annually to the City. <br />15.2 Protection of Lien. Developer shall maintain the lien of the Inclusionary Deed of <br />Trust as a valid third priority deed of trust on the Property and take all actions, and execute and <br />deliver to City all documents, reasonably required by City from time to time in connection <br />therewith. <br />15.3 Notice of Certain Matters. Developer shall give notice to City, within ten (10) <br />days of Developer's learning thereof, of each of the following: <br />27 <br />FOODYMN <br />
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