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the City grants written consent to transfer the rights, Not shall the rights of Nexus or Geneva <br />Commons hereunder be subject to assignment by attachment, execution, or proceedings under <br />any provision of the Bankruptoy Act, and any such assignment or transfer shall be wholly void <br />and of no force and effect unless suer written consent thereto be obtained fxom the City Council. <br />Such transfer or assignment shall not relieve Nexus or Genova Connnons of any duty, obligation <br />or liability to City without the consent of the City, <br />During the term of this Agreottrent, any approved assignee or transferee of the <br />rights under this Agreement shall observe and perform all of the duties and obligations of Nexus <br />or Geneva Commons contained in tbis Agreement n such duties and obligations pertain to the <br />Nexus or Geneva Commom. Any and all approved successors acrd assignecs of Nexus or <br />Geneva Commons shall have all of the same rights, benefits, duties, obligations, acrd liabilities of <br />Nexus or Ocneva Commons under this Agreement, If the Property is subdivided, any subdivided <br />parcel may be sold, mortgaged, bypothecated, assigned, or transferred to pexsons for <br />development by them. Upon assignment or transfer of the rights of Nexus or Geneva Commons <br />under this Agreement, the obligations of the assignor and the transferee or assignee shall be joint <br />and several. <br />IN WITNESS WIMItE0I7, the parties hereto have executed this Agreement the date and <br />year first above written, <br />SANDPOINTE NEIGHBORHOOD, <br />ASSOCIATION, INC. <br />NEXUS DEVELOPMENT CORPORATION/ <br />CENTRAL DIVISION, INC, <br />By _ <br />Namc <br />Its <br />12 Ord(nance No. NS -2880 <br />page 9 i of 8l <br />75A -162 <br />