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5. This Agreement shall be recorded in Alameda County prior to issuance of a final <br />certificate of occupancy for the Project and shall run with the land. Upon any transfer of <br />the Project, the transferring entity shall be released from liability under this Agreement <br />upon acknowledgement of responsibility by the transferee entity. <br />6. The obligations under this Agreement are nonrecourse obligations of Developer, and no <br />partner of Developer shall have any personal liability in connection herewith. <br />7. If Developer fails to perform an obligation hereunder, and such failure continues for <br />thirty (30) days after receipt of written notice of such failure by the City (or such longer <br />period of time as may be reasonably necessary to cure such failure) then Developer shall <br />be in default hereunder and the City's sole remedy hereunder shall be to pursue an action <br />for specific performance against Developer. <br />8. Any notice, consent or other communication required or permitted under this Agreement <br />shall be in writing and shall be delivered by hand, sent by air courier, seat by prepaid <br />registered or certified mail with return receipt requested, or sent by facsimile, and shall be <br />deemed to have been given on the earliest of (a) receipt or refusal of receipt; (b) one <br />business day after delivery to an air courier for overnight expedited delivery service; (c) <br />five (5) business days after the date deposited in the United States mail, registered or <br />certified, with postage prepaid and return receipt requested (provided that such return <br />receipt must indicate receipt at the address specified); or (d) on the day of its transmission <br />by facsimile if transmitted during the business hours of the place of receipt, otherwise on <br />the next business day, provided that a copy of such notice, consent or ogler <br />communication is also delivered pursuant to clause (b) or (c) above. Al] references to <br />"business days" herein shall exclude weekends and State or Federal holidays. All notices <br />shall be addressed as follows (or to such other or further addresses as the parties may <br />designate by notice given in accordance with this section): <br />If to the City, at: <br />City of Pleasanton <br />P.O. Box 520 <br />Pleasanton, California 94566 <br />Attention: City Manager <br />Facsimile No.: (925) 931 -5482 <br />If to the Developer, at: <br />Hacienda Pleasanton, L.P. <br />c/o St. Anton Partners, LLC <br />1801 I Street, Suite 200 <br />Sacramento, California 95811 <br />Attention: Steven L. Eggert <br />Facsimile No.: (916) 444 -9843 <br />With a Copy to: <br />Cox, Castle & Nicholson LLP <br />555 California Street, 10th Floor <br />San Francisco, California 94104 <br />Attention: Stephen C. Ryan, Esq. <br />Facsimile No.: (415) 262 -5199 <br />4 <br />