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05
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2019
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100119
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10/1/2019 9:07:49 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/1/2019
DESTRUCT DATE
15Y
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ATTACHMENT 2 <br />Developer: Ridge View Commons II Associates, L.P. <br />c/o Eden Housing, Inc. <br />22645 Grand Street <br />Hayward, CA 94541 <br />All notices so delivered, mailed or sent shall be deemed received as of the date shown on the <br />delivery receipt as the date of delivery, the date delivery was refused or the date the notice was <br />returned as undeliverable. Either party may change its address for the purposes of this paragraph <br />by giving prior written notice of the change to the other party in the manner provided in this <br />Section 6. Any notice required under this Agreement that is sent by a Party shall be sent to, or <br />contemporaneously copied to, all of the other Parties. <br />Section 7. Assignment of Option. Developer may assign its rights and obligations <br />under this Agreement to a nonprofit tax-exempt entity affiliated with and controlled by <br />Developer or a partnership in which Developer or a limited liability company controlled affiliate <br />of Developer serves as general partner and that is formed for the purpose of syndicating Low <br />Income Housing Tax Credits to finance the Project. Such assignment shall be implemented <br />pursuant to an Assignment and Assumption Agreement in form approved by and consented to by <br />City. All other transfers by Developer shall require the prior written consent of City. <br />Section 8. Non -Liability of Officials, Employees and A eg nts. No member, official, <br />employee or agent of the City shall be personally liable to the Developer in the event of any <br />default or breach of this Agreement by the City, or for any amount which may become due to the <br />Developer or any of its successors in interest. <br />Section 9. Bindin Eg ffect. This Agreement and its terms and conditions shall bind <br />upon and inure to the benefit of the Parties to this Agreement and their respective successors and <br />permitted assigns. <br />Section 10. Time. Time is of the essence of this Agreement. <br />Section 11. Further Documents. Upon the reasonable request of the other Party, each <br />Party will execute, acknowledge and deliver or cause to be executed, acknowledged and <br />delivered, such further instruments and documents as maybe reasonably necessary in order to <br />carry out the intent and purpose of this Agreement, including escrow instructions. <br />Section 12. Commission. Each Party to this Agreement represents to the other Party <br />that it has not engaged or used the services of any person, firm or corporation that may claim a <br />broker's commission or finder's fee upon execution of this Agreement or the Ground Lease, and <br />each Party to this Agreement agrees to hold the other Party harmless from any loss, damage, <br />expense or liability, including attorney's fees, resulting from any claim by any person, firm or <br />corporation based upon its having acted as broker or finder on behalf of said indemnifying Party. <br />Section 13. Captions. The captions of the paragraphs of this Agreement are for <br />convenience and reference only, and the words contained in the captions shall in no way be held <br />OAK#4811-5363-1135 v2 <br />
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