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LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
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LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
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Last modified
2/6/2017 10:40:55 AM
Creation date
2/1/2017 1:33:24 PM
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Contracts
Company Name
LEGADO AT THE MET LLC (FORMERLY VINEYARD / VDC AT THE MET)
Contract #
A-2015-084
Agency
PLANNING & BUILDING
Council Approval Date
5/5/2015
Destruction Year
0
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I . Pursuant to Section 4.3 of the Amended Development Agreement, Assignor <br />hereby assigns to Assignee all of Assignor's right, title and interest in, to and obligations under <br />the Amended Development Agreement, related to the Benefited Land subject to the terms, <br />covenants, conditions and provisions thereof, without warranty of any kind, express or implied. <br />2. Assignee accepts the foregoing assignment and assumes and shall pay, perform <br />and discharge, as and when due, all of the agreements and obligations of Assignor under the <br />Amended. Development Agreement accruing from and after the Effective Date and agrees to <br />perform and be bound by any and all of the terms, covenants, conditions and obligations under <br />the Amended Development Agreement to be observed, kept or performed by Assignor, from and <br />after the Effective Date. <br />3. The provisions of this Assignment shall be binding upon, and shall inure to the <br />benefit of, the parties hereto and their respective successors and assigns. <br />4. Accordingly, the parties desire to remove all references to the previous applicant, <br />Vineyard Development, and the previous developer, Ryan Ogulnick, from the Amended <br />Development Agreement. <br />5. Except as expressly modified by this Assignment, the Amended Development <br />Agreement shall continue in full force and effect according to its respective terms. This <br />Assignment shall not be construed as (i) conferring upon Assignor or Assignee any greater rights <br />than those contained in the Amended Development Agreement, (ii) diminishing any rights under <br />the Amended Development Agreement, (iii) assigning any provisions of the Amended <br />Development Agreement other than as set forth herein, or (iv) modifying the Amended <br />Development Agreement in any respect, other than as set forth herein. <br />6. This Assignment may be executed in any number of counterparts, each of which <br />shall be deemed an original, but all of which when taken together shall constitute one and the <br />same instrument. The signature and acknowledgment pages of any counterpart may be detached <br />therefrom without impairing the legal effect of the signature(s) and acknowledgment(s) thereon, <br />provided such signature and acknowledgment pages are attached to any other counterpart <br />identical thereto except having additional signature and acknowledgment pages executed and <br />acknowledged by other parties to this Assignment attached thereto. <br />[REMAINDER OF PAGE INTENTIONALLY LEFT BLAND] <br />2 <br />
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