Laserfiche WebLink
6. It is the intent of the Parties that the burdens and benefits herein undertaken shall constitute <br />equitable servitudes that run with the Property and shall be binding upon future owners of all <br />or any portion of the Property. Any owner's liability hereunder shall terminate at the time it <br />ceases to be an owner of the encumbered Property, except for obligations which accrue prior <br />to the date of transfer by such owner, which shall remain the personal obligation of such <br />owner. <br />Time is of the essence in the performance of this Agreement. <br />8. Any notice to a Party required or called for in this Agreement shall be served in person, or by <br />deposit in the U.S. Mail, first class postage prepaid, to the address set forth below. Notice(s) <br />shall be deemed effective upon receipt, or seventy-two (72) hours after deposit in the U.S. <br />Mail, whichever is earlier. A Party may change notice address only by providing written <br />notice thereof to the other Party. <br />CITY OWNER <br />City Engineer Steve Hudak <br />CarMax Auto Superstores, Inc. a Virginia <br />City of Redlands corporation <br />P.O. Box 3005 12800 Tuckahoe Parkway <br />Redlands, CA 92373 Richmond, VA 23238 <br />9. This Agreement shall be governed by and construed in accordance with the laws of the State <br />of California. <br />10. Any amendment to this Agreement shall be in writing and approved by the City Council of <br />City and signed by the City and the Owner. <br />IN WITNESS WHEREOF, the Parties hereto have affixed their signatures as of the date first <br />written above. <br />CITY OF REDLANDS: <br />M. Duggan Jr', <br />e e Donaldson, City Clerk <br />,AVP' <br />and Design <br />lax Auto Superstores <br />a Virginia Corporation <br />APVrwed by CarMax Legal <br />