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80A - JT PH VISTA DEL RIO HOUSING
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07/20/2009
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80A - JT PH VISTA DEL RIO HOUSING
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Last modified
1/3/2012 4:17:53 PM
Creation date
7/15/2009 1:12:42 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
7/20/2009
Destruction Year
2014
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compliance, (c) keep the Property free and clear of any environmental claims or liens imposed <br />pursuant to any environmental law, and (d) obtain and renew all environmental permits required <br />for ownership or use of the Property. <br />14.3 Presence of Hazardous Materials. Vista Del Rio shall not, and shall not permit <br />anyone else to, generate, use, treat, store, handle, release, or dispose of Hazardous Materials on <br />the Property, or transport or permit the transportation of Hazardous Materials to or from the <br />Property except for de minimis quantities used at the Property in compliance with all applicable <br />environmental laws and required in connection with the routine operation and maintenance of the <br />Property. <br />14.4 Notice of Environmental Matters. Vista Del Rio shall immediately advise City <br />in writing of any of the following: (a) any pending or threatened environmental claim against <br />Vista Del Rio or the Property, (b) any condition or occurrence that (i) results in noncompliance <br />with any applicable environmental law, (ii) could reasonably be anticipated to cause the Property <br />to be subject to any restrictions on the ownership, occupancy, use or transferability of the <br />Property under any environmental Law, or (iii) could reasonably be anticipated to form the basis <br />of an environmental claim against the Property or Vista Del Rio. <br />14.5 Environmental Indemnification by the Vista Del Rio. Vista Del Rio agrees to <br />defend, indemnify and hold harmless the City and their respective officers, directors, employees <br />and agents (collectively the "lndemnitees ") fro" and against any and all obligations (including <br />removal and remediation), losses, claims (including third party claims), suits, judgments, <br />liabilities, penalties, damages (including consequential and punitive damages), costs and <br />expenses (including consultants, and attorneys' fees' of whatever kind or nature whatsoever that <br />may at any time be incurred by, imposed on, or asserted against the lndemnitees directly or <br />indirectly based on, or arising or resulting from the actual or alleged presence of Hazardous <br />Materials on the Property. <br />15. OTHER AFFIRMATIVE COVENANTS <br />While any obligation of Vista Del Rio under the City Loan Notes or Deeds of Trust <br />remain outstanding, the following provisions shall apply, except to the extent that Executive <br />Director otherwise consents in writing: <br />15.1 Existence. Vista Del Rio's managing general partner shall maintain its existence <br />in good standing under the laws of the State of California, and Vista Del Rio shall <br />provide documentation of such status annually to the City. <br />15.2 Protection of Lien. Vista Del Rio shall maintain the lien of the City Deed(s) of <br />Trust as a valid second and third priority deed of trust on the Property and take all <br />actions, and execute and deliver to City all documents, reasonably required by City from <br />time to time in connection therewith. <br />15.3 Notice of Certain Matters. Vista Del Rio shall give notice to City, within ten <br />(10) days of Vista Del Rio's learning thereof, of each of the following: <br />29 <br />80A-105 <br />
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