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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2017
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022117
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03
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3/29/2017 1:00:23 PM
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2/16/2017 1:34:54 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/21/2017
DESTRUCT DATE
15Y
DOCUMENT NO
03
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SECTION 8. DISPUTE RESOLUTION. <br />8.1 Voluntary Mediation and Arbitration. <br />If a dispute arises related to the interpretation or enforcement of, or compliance with, the <br />provisions of this Agreement ( "Dispute "), City and Developer may mutually consent to attempt <br />to resolve the matter by mediation or arbitration; provided, however, that no such mediation or <br />arbitration shall be required in order for a Party to pursue litigation to resolve a Dispute. <br />8.2 Legal Proceedings. <br />Either Party may, in addition to any other rights or remedies, institute legal action to resolve any <br />Dispute or to otherwise cure, correct or remedy any default, enforce any covenant or agreement <br />herein, enjoin any threatened or attempted violation thereof, enforce by specific performance the <br />obligations and rights of the Parties hereto, or to obtain any remedies consistent with the purpose <br />of this Agreement. <br />8.3 Attorneys' Fees and Dispute Resolution Costs. <br />In any action or proceeding brought by any Party to resolve a Dispute, the prevailing Party is <br />entitled to recover reasonable attorneys' fees and any other costs incurred in the action or <br />proceeding in addition to any other relief to which it is entitled. <br />SECTION 9. ASSIGNMENT AND ASSUMPTION; RIGHTS AND DUTIES OF <br />MORTGAGEES. <br />9.1 Assignment of Rights, Interests and Obligations. <br />Subject to compliance with this Section 9, Developer may sell, assign or transfer its interest in <br />the Property and related Project Approvals to any individual or entity ( "Assignee ") at any time <br />during the Term of this Agreement. <br />(a) Any assignment by Developer as provided for in this Section 9.1 may occur <br />without obtaining City's consent ( "Permitted Assignment ") so long as the proposed Assignee is <br />an affiliate of Developer, which shall include any entity in which either Developer or <br />Developer's principal Michael Serpa has an ownership or other financial interest or substantial <br />interest. Such assignees shall be referred to herein as "Permitted Assignees." Permitted <br />Assignee(s) shall provide City with written notice of a Permitted Assignment within thirty (30) <br />days following the effective date thereof. <br />(b) If the proposed Assignee does not qualify as a Permitted Assignee, then <br />Developer or subsequent owner may still assign its interest in the Property and related Project <br />Approvals so long as said Developer or subsequent owner receives the Community Development <br />Director's prior written consent, which shall not be unreasonably withheld, conditioned or <br />delayed. It shall be deemed unreasonable to refuse consent for such assignment unless, in light <br />is <br />
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