Laserfiche WebLink
covered by the Development Agreement) to extend the term of the Development Agreement and <br />make such other modifications to the Development Agreement, as more particularly described <br />below. <br />NOW, THEREFORE, for good and valuable consideration receipt and sufficiency of <br />which are hereby acknowledged, the parties hereto agree as follows. <br />1. Term of Development Agreement. The term of the Development Agreement is <br />currently scheduled to expire on September 27, 2010. Section 1.2 of the Development <br />Agreement is hereby amended to provide that the term of the Development Agreement as it <br />pertains to the PG Property shall expire, unless further extended or earlier terminated as provided <br />in the Development Agreement or herein, on September 27, 2017. By executing this <br />Amendment, the parties hereto intend and agree that the Development Agreement shall continue <br />in effect, without interruption or gap in time, through September 27, 2017, unless further <br />extended or earlier terminated following the effective date of the ordinance approving this <br />Amendment. <br />2. General Provisions. <br />a) Amendment. This Amendment may be amended by and only by an <br />instrument executed and delivered by each party hereto or its successors or assigns. <br />b) Applicable Law. This Amendment shall be construed, interpreted and <br />enforced in accordance with the laws of the State of California as the same are in effect from <br />time to time. <br />c) Headings. The headings of the sections and subsections hereof are <br />provided herein only for convenience of reference., and shall not be considered in construing <br />their contents. <br />d) Binding on Successors and Assigns. This Amendment shall be binding <br />upon and shall inure to the benefit of the parties hereto and their respective successors and <br />assigns. <br />e) Notices, Demands, and Communications between the Parties. Formal <br />written notices, demands, correspondence and communications between the City and PG shall be <br />deemed given if sent by first class mail, postage prepaid; nationally established overnight courier <br />that guarantees next day delivery and provides a receipt therefor; or by facsimile, to the offices <br />of the City and PG and others indicated below, or such other address as either party may from <br />time -to -time designate in writing as provided in this section. <br />City: <br />ISLF1806830.5 -2- <br />080610- 11258001 <br />City Manager <br />City of Pleasanton <br />P.O. Box 520 <br />Pleasanton, CA 94566 <br />Facsimile: (925) 931 -5482 <br />