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16
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2013
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110513
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10/31/2013 11:49:14 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
11/5/2013
DESTRUCT DATE
15Y
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(f) To City's knowledge, the execution and delivery of this Agreement and all <br /> other documents to be executed by City pursuant to this Agreement will not constitute or result <br /> in any default or event that with notice or the lapse of time, or both, would be a default, breach, <br /> or violation of any other agreement, instrument, or arrangement by which City is bound. <br /> (g) To City's knowledge, the execution and delivery of this Agreement and all <br /> other documents to be executed by City pursuant to this Agreement and the consummation of the <br /> transactions contemplated herein will not violate any provision of or require any consent, <br /> authorization, or approval under any law or administrative regulation or any other order, award, <br /> judgment, writ, injunction or decree applicable to, or any governmental permit or license issued <br /> to City. <br /> ARTICLE 14. <br /> DEFAULTS AND REMEDIES <br /> Section 14.1 Defaults—General. Subject to the extensions of time set forth in Section <br /> 15.4 failure or delay by either party to perform any term or provision of this Agreement <br /> constitutes a default under this Agreement. If either party defaults with regard to any of the <br /> provisions of this Agreement, the non-defaulting party shall serve written notice of such default <br /> upon the defaulting party. If the default is not cured or commenced to be cured by the defaulting <br /> party within thirty(30) days after service of the notice of default (or within such other period as <br /> is set forth herein), the non-defaulting party shall be entitled to pursue whatever remedies to <br /> which such party is entitled under this Agreement. <br /> Section 14.2 Predevelopment Fee. If the City is in default under this Agreement and <br /> the Developer elects to terminate this Agreement pursuant to Section 14.1 (a "Termination <br /> Event"), City agrees to reimburse reasonable predevelopment expenses incurred by Developer. <br /> In addition, if any Termination Event occurs the City shall pay the Developer a Predevelopment <br /> Fee of$4800 for each month this Agreement is in effect for the performance of the <br /> predevelopment activities. <br /> Section 14.3 Legal Actions. <br /> (a) Specific Performance. The non-defaulting party, upon expiration of <br /> applicable notice and cure periods, shall be permitted, but not obligated, to commence an action <br /> for specific performance of the terms of this Agreement, or to cure, correct or remedy any default <br /> hereunder or to obtain any other legal or equitable remedy consistent with the purpose of this <br /> Agreement. <br /> (b) Institution of Legal Actions; Attorney's Fees. Any legal actions must be <br /> instituted in the State of California, or in the Federal District Court in the Northern District of <br /> California. In the event of any litigation between the parties hereto, the prevailing party shall be <br /> entitled to receive, in addition to the relief granted, its reasonable attorney's fees and costs and <br /> such other costs incurred in investigating the action and prosecuting the same, including costs for <br /> expert witnesses, costs on appeal, and for discovery. <br /> 29 <br /> 191\52\1242198.13 <br />
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