Laserfiche WebLink
WHEREAS, the Redevelopers seek to be released from their <br /> obligations under the Contract, pursuant to Article 8 . 2 <br /> thereof; and <br /> WHEREAS, the City, upon review of the foregoing and with <br /> advice of counsel has concluded that release of the <br /> Redevelopers, as hereinafter stated, is warranted and <br /> appropriate; <br /> NOW, THEREFORE, IN CONSIDERATION OF the above stated <br /> premises, and pursuant to Article 8 . 2 of the Contract, the <br /> City does hereby fully release and relieve the Redevelopers <br /> of any and all obligations that they may have under the <br /> Contract, with respect to Parcels 1, 2 , 4 , 5, and 6, as more <br /> particularly described in attached Exhibit B, subject to the <br /> following qualifications and limitations: <br /> (1) The Redevelopers are not released of nor relieved from <br /> their obligations arising under the representations or <br /> warranties set forth in Article 2 . 2 of the Contract. <br /> In the event any representations, when made, were <br /> false, or in the event there is a breach of any <br /> warranty contained therein, then the Redevelopers shall <br /> remain obligated for costs, expenses, damages or <br /> liability arising therefrom; <br /> • (2) The Redevelopers are not released from their indemnity <br /> obligations under Article 3 . 6 (d) of the Contract; and <br /> (3) The Redevelopers are not released from their obliga- <br /> tions for claims arising under Article 8 . 3 of the <br /> Contract, with respect to claims which arise prior to <br /> the date of conveyance of any parcel and assumption of <br /> obligations with respect thereto by the present owners. <br /> IN WITNESS WHEREOF, the City has executed this Release this <br /> day of , 19 <br /> CITY OF MOUNDS VIEW <br /> By: <br /> Susan M. Hankner <br /> Mayor <br /> (SEAL) <br /> By: <br /> Donald F. Pauley <br /> Cl / <br /> erk Admini.t a Yor <br /> i <br /> 2 <br />