2003-01-30 Assignment AgreementASS~MENT AGREEMENT
C Cvee (~ SQ. 5
This Assignment Agreement dated this 3D~iay of January, 2003, by and between Pilot Land
Deavelopment Company (hereinafter referred to as "Assignor"), and. Woodside
CX ~~~ , ~ , (hereinafter referred to as "Assignee"),
Whereas, Assignee has acquired certain assets of Assignor including, but not limited to, certain
real property, pursuant to an Asset Purchase Agreement dated December 16, 2002; and
Whereas, pursuant to the terms of said Asset Purchase Agreement, Assignor is required to assign
its interest in that certain Development Agreement by and between Assignor and the City of
(~, ("City") dated ~ /a~ and recorded as document # 7 ,3 ;and
Whereas, the assignment of the Development Agreement requires the consent and approval of
the City; and
Whereas Assignor represents that the Development Agreement is valid, binding, in full force and
effect and not in default, and
~Tn~hr TTTFREFCRE ;,, •a ~ ,~ ,..
, .. , iii CoiisiueratlOri of tue r"iiu~ual covellQllls, agieeiileritS and promises
contained herein, the parties agree as follows:
1. Assignor assigns all right, title, interest and entitlements in the Development
Agreement, subject to the requirements; conditions and covenants set forth in the Asset Purchase
Agreement to Assignee; and
2. Subject to the terms and conditions of the parties' Asset Purchase Agreement,
Assignees assume all rights, duties, obligations, surety requirements and entitlements in
Assignor's interest in the Development Agreement.
In witness whereof, Assignor and Assignee have executed this Assignment. Agreement the day
and year first written above.
ASSIGNEE
Woodside _L~~~!L~t/ l.V~ ~~
By: James P. L beth, ' s Pres' ent
Date:. Z~" Z~~~ 3
ASSIGNOR 1
Pilot Land Development Company
By: K~fit Roessler„;ts President
CONSENT TO ASSIGNMENT
The City hereby consents and agrees to the above-referenced as ' ent of that certain
Development Agreement by and between Assignor and the City dated > / ~ ~. >x
Date ~ ` .~t~
~,
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