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2017/03/29 Council Agenda Packet
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2017/03/29 Council Agenda Packet
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Council Agenda Packet
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3/29/2017
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2 <br /> (2) All agreements with respect to the condition of the Transfer Lots, <br /> the presence of Hazardous Substances or waste on the Transfer Lot(s), or any <br /> indemnity relating thereto; <br /> (3) All existing leases,rental agreements,licenses, occupancy <br /> agreements, or other agreements granting rights to use or occupy any portion of <br /> the Transfer Lot(s)and any amendments or letter agreements related thereto and <br /> all related guaranties,if any;and <br /> (4) All plans,documents,and specifications for any fill completed on <br /> the Transfer Lot(s). <br /> From the Effective Date through to the applicable Transfer Lot Closing Date,Owner shall provide <br /> to the City any additional information for the Transfer Lot(s) of the kind' described in this <br /> subsection and obtained by Owner since the initial delivery of Owner's Deliverables. <br /> 1.4 Inspection Contingency. As used herein,the term"Inspection Period"or"Due <br /> Diligence Period"shall mean either the period commencing on the day following Owner's <br /> written notice to the City of its intent to convey the applicable Transfer Lot(s)to the City on a <br /> specific Closing Date,which such Closing Date is not more than 60 days after delivery of such <br /> notice,or following a Completion Notice. The Due Diligence Period terminates thirty(30) days <br /> after delivery of the notice. The City's obligations under this Amendment are contingent on the <br /> City's satisfactory completion of its inspection,review, examination, and investigation of all <br /> matters pertaining to such Transfer Lot(s), including,without limitation: conducting soil, <br /> geotechnical, and environmental studies and assessments;reviewing the documents and <br /> information provided by Owner hereunder; and conducting or undertaking any other analysis the <br /> City deems necessary or advisable to determine that the condition of the applicable Transfer <br /> 10 <br /> 131047136.14 1 7 <br />
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