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of the proposed Assignee's financial resources, such Assignee would not be able to perform the <br />obligations proposed to be assumed by such Assignee. Any such determination shall be made in <br />writing by the Community Development Director, supported by substantial evidence, and would <br />be appealable by the affected Owner to the City Council. Failure by City to respond to any such <br />assignment request within thirty (30) days would be deemed to constitute consent. Further, no <br />consent to assign shall be required under this Section 9.1(b) for land covered by a specific <br />tentative map or parcel map so long as Developer or subsequent owner(s) has satisfied all of its <br />obligations hereunder in connection with said tentative map or parcel map. Finally, the Parties <br />agree that once the Project is fully built out, then no consent to assign shall be required. <br />9.2 Assumption of Rights, Interests and Obligations. <br />Subject to compliance with the preceding Section 9. 1, express written assumption by an <br />Assignee of the obligations and other terms and conditions of this Agreement with respect to the <br />Property or such portion thereof sold, assigned or transferred, shall relieve Developer of such <br />obligations and other terms and conditions so expressly assumed. Any such assumption <br />agreement shall be in substantially the same form as attached Exhibit D, as determined by the <br />City Attorney. The County Recorder shall duly record any such assumption agreement in the <br />official records of Alameda County within ten (10) days of receipt. Upon recordation of said <br />assumption agreement, Developer shall automatically be released from those obligations <br />assumed by the Assignee. <br />9.3 Rights and Duties of Mortgagee in Possession of Property. <br />(a) This Agreement shall be superior and senior to all liens placed upon the Property <br />or any portion thereof after the Effective Date, including, without limitation, the lien of any <br />Mortgage. Notwithstanding the foregoing, no breach of this Agreement shall defeat, render <br />invalid, diminish or impair any Mortgage made in good faith and for value; provided, however, <br />this Agreement shall be binding upon and effective against all persons and entities, including all <br />Mortgagees who acquire title to the Property or any portion thereof by foreclosure, trustee's sale, <br />deed in lieu of foreclosure or otherwise, and including any subsequent transferee of the Property <br />acquired by foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise (in either case, a <br />"Mortgagee Successor "), subject, however, to the terms of Section 9.3(b), below. <br />(b) The provisions of Section 9.3(a) above notwithstanding, no Mortgagee Successor <br />shall have any obligation or duty under this Agreement to commence or complete the <br />construction of any project infrastructure, or to guarantee such construction or completion, or <br />have any liability for failure to do so; provided, however, that a Mortgagee Successor shall not <br />be entitled to devote the Property to any uses or to construct any improvements thereon other <br />than those uses or improvements permitted under the Project Approvals. In the event that any <br />Mortgagee Successor shall acquire title to the Property or any portion thereof, the Mortgagee <br />Successor further shall not be (i) liable for any breach or default under this Agreement on the <br />part of any Developer or its successor, or (ii) obligated to cure any breach or default under this <br />Agreement on the part of any Developer or its successor. In the event such Mortgagee Successor <br />desires to succeed to Developer' rights, benefits, and privileges under this Agreement, however, <br />City may condition such succession upon the assumption of this Agreement by the Mortgagee <br />16 <br />