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SANTA ANA 8 INV. LLC
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Last modified
6/18/2025 4:12:50 PM
Creation date
6/10/2025 9:47:27 AM
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Contracts
Company Name
SANTA ANA 8 INV. LLC
Contract #
A-2025-066
Agency
Community Development
Council Approval Date
5/6/2025
Expiration Date
5/6/2080
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If any such events shall occur, the term of this Agreement and the time for performance by either <br /> Party of any of its obligations hereunder may be extended by the written agreement of the Parties <br /> for the period of time that such events prevented such performance. <br /> 8.15 Mutual Covenants. The covenants contained herein are mutual covenants and <br /> also constitute conditions to the concurrent or subsequent performance by the Party benefited <br /> thereby of the covenants to be performed hereunder by such benefited Party. <br /> 8.16 Successors in Interest. The burdens of this Agreement shall be binding upon, <br /> and the bone-fits of this Agreement shall inure to, all permitted successors in interest to the Parties <br /> to this Agreement. All provisions of this Agreement shall be enforceable as equitable servitudes <br /> and constitute covenants running with the land. Each covenant to do or refrain from doing some <br /> act hereunder with regard to development of the Property: (a) is for the benefit of and is a burden <br /> upon every portion of the Property; (b) runs with the Property and each portion thereof; and(c) is <br /> binding upon each Party and each successor in interest approved pursuant to this Agreement during <br /> ownership of the Property or any portion thereof. <br /> 8.17 Counterparts. This Agreement may be executed by the Parties in counterparts, <br /> which counterparts shall be construed together and have the same effect as if all of the Parties had <br /> executed the same instrument. <br /> 8.18 Jurisdiction and Venue. Any action at law or in equity under this Agreement or <br /> brought by a Party hereto for the purpose of enforcing, construing or determining the validity of <br /> any provision of this Agreement shall be filed and tried in the Superior Court of the County of <br /> Orange, State of California, or to the extent allowed by law, in the federal court district covering <br /> the City, and the Parties hereto waive all provisions of law providing for the filing, removal or <br /> change of venue to any other court. <br /> 8.19 Project as a Private Undertaking. It is specifically understood and agreed by and <br /> between the Parties hereto that the development of the Project is a private development,that neither <br /> Party is acting as the agent of the other in any respect hereunder, and that each Party is an <br /> independent contracting entity with respect to the terms, covenants and conditions contained in <br /> this Agreement. No partnership,joint venture or other association of any kind is formed by this <br /> Agreement. The only relationship between City and Developer is that of a government entity <br /> regulating the development of private property and the Developer of such property. <br /> 8.24 Further Actions and Instruments. Each of the Parties shall cooperate with and <br /> provide reasonable assistance to the other to the extent conten-1plated hereunder in the performance <br /> of all obligations under this Agreement and in the satisfaction of the Project and conditions of this <br /> Agreement. Upon the request of either Party at any time, the other Party shall promptly execute, <br /> with acknowledgment or affidavit if reasonably required, and file or record such required <br /> instruments and writings and take any actions as may be reasonably necessary under the terms of <br /> this Agreement to carry out the intent and to fulfill the provisions of this Agreement or the Project <br /> or to evidence or consummate the transactions contemplated by this Agreement. City hereby <br /> authorizes City Manager to take such other actions and negotiate and execute any additional <br /> agreements or amendments to this agreement as may be reasonably necessary or proper to fulfill <br /> Page 24 <br /> 55344,00 t 01\43721567.1 <br />
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