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MeaGuF"lmprovern nts <br />4. GENERAL PROVISIONS. <br />4.1 9uration-of-Agreement=-T** terfn-of4hi&Agreement-shal1 for teeyears. <br />4.1 <br />4.2 Assignment. Owner shall have the right to transfer or assign the <br />Property, in whole or in part, to any person, entity (public or private), <br />partnership, joint venture, firm or corporation at any time during the term of <br />this First Amended and Restated Development Agreement; provided, <br />however, the rights of Owner under this First Amended and Restated <br />Development Agreement may not be transferred or assigned unless the <br />written consent of the Council is first obtained and any transfer or <br />assignment of the rights under this Fir-*t Ammer l-ed-atid Restates <br />Develo me Agreement shall include in writing the assumption of the <br />duties, obligations, and liabilities arising from this First Amended and <br />Restated Development Agreement if the City grants written consent to <br />transfer the rights. Nor shall the rights of the Owner hereunder be subject <br />to assignment by attachment, execution, or proceedings under any <br />provision of the Bankruptcy Act, and any such assignment or transfer of <br />the rights under this F'rs Amended and _Restated Development <br />Agreement shall be wholly void and of no force and effect unless such <br />written consent thereto be obtained from the Council. A transfer or <br />assignment of the rights under this First Amended _a-R-estated <br />Development Agreement without the consent of the City shall not relieve <br />Owner of any accrued duty, obligation or liability to City. No consent shall <br />be required for sale of units to condominium unit buyers. <br />During the term of this First Amended and Restated Development <br />Agreement, any approved assignee or transferee of the rights under this <br />First Amended and Restated Development Agreement shall observe <br />and perform all of the duties and obligations of Owner contained in this <br />First Amended and Restated Development Agreement as such duties <br />and obligations pertain to the portion of the Property transferred or <br />assigned. Any and all approved successors and assignees of Owner shall <br />-8- <br />75A-64