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04 ATTACHMENTS
City of Pleasanton
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CITY CLERK
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2008
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061708
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04 ATTACHMENTS
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6/13/2008 12:22:06 PM
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6/13/2008 12:22:06 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
6/17/2008
DESTRUCT DATE
15 Y
DOCUMENT NO
04 ATTACHMENTS
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1.10 Retention of Revenue from Easements. Notwithstanding the County's sale of the <br />Properties to City, County shall retain the revenues from the fiber optic and <br />telecommunication easement described in Paragraph 1.9. Kinder Morgan Pipeline, Inc. <br />or its successors and assigns, will retain all revenues from the pipeline and incidental <br />purposes easement. <br />1.11 Assigmnent of License Agreements. There exists on the Properties certain license <br />agreements between the County and Hap's Restaurant, the Old Ice House, Pleasanton <br />Specialty Cars and various cable television companies. Each of these license agreements <br />may be terminated with 30 days written notice to the licensee. The City has reviewed <br />each of these license agreements. County assigns to City its right, title and interest to <br />such license agreements and City accepts same. <br />1.12 Exceptions to Title. County has provided to City preliminary title reports to the <br />Properties. The City has reviewed such reports and agrees to take title subject to the <br />exceptions listed therein. <br />1.13 Closing Costs. Closing costs shall be shared as follows: Each party shall pay its own <br />attorneys' fees in connection with negotiating this Agreement and closing the escrow. <br />City shall pay recording costs, any escrow fees, and if City chooses to acquire title <br />insurance, the title insurance premiums associated with such insurance. County shall pay <br />the documentary transfer taxes, if any, incurred in connection with this transaction. <br />There will be no brokers fees or commissions paid on this transaction. An escrow has <br />been opened at North American Title in Pleasanton, CA, Escrow #54606-709644. <br />ARTICLE 2- "AS IS" SALE <br />2. "As-Is" Sale. City shall acquire the Properties in their "as-is" condition with no <br />representations or warranties from County. <br />ARTICLE 3 -MISCELLANEOUS <br />3.1 Binding on Successors. The terms, covenants and conditions herein contained shall be <br />binding upon and inure to the benefit of the successors and assigns of the parties hereto. <br />3.2 Dispute Resolution Procedures. The parties shall follow the procedures set forth in this <br />section to try and resolve any disputes under this Agreement. Any party may provide <br />written notice to the other party requesting to meet and confer on any issue of dispute. <br />Within 15 days after delivery of such notice, the parties shall meet and confer in an effort <br />to try and resolve the issue. The parties shall engage the services of a mediator if they are <br />unable to resolve the issue themselves. The costs of the mediator shall be shared equally <br />by the parties. <br />3.3 Attorneys' Fees. In the event of any litigation regarding the rights and obligations of the <br />parties under this Agreement, the prevailing party shall be entitled to reasonable <br />attorneys' fees (including those of in-house counsel) and court costs. Prior to filing <br />litigation, the parties will follow the dispute resolution procedures set forth in Section 3.2 <br />of this Agreement. <br />5 <br />
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