Loading...
19-033 Cupertino City Center Garage, License Agreement DocuSign Envelope ID:3C950452-9258-4DCE-87C3-942A3AEF2503 LICENSE AGREEMENT THIS LICENSE AGREEMENT (this "Agreement") is made and entered into as of the_26_day of March 2019, by and between CUPERTINO CITY CENTER GARAGE, a California limited partnership("Licensor"),and City of Cupertino("Licensee:"). RECITALS: A. Licensor is the owner of certain real property located at 20350 Stevens Creek Boulevard, Cupertino,California(the"Licensor Property"). B. Licensee is planning on hosting several events (the "Licensee Event") and desire to have the temporary use of the Licensor Property for the sole purpose of parking for event goers. C. Licensor and Licensee now desire to enter into this Agreement to provide for the grant by Licensor to Licensee of a revocable,non-exclusive,temporary license for the use of the Licensor Property for the limited purpose of guest parking,all as more particularly provided in this Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties hereto hereby agree as follows: 1. (a) Licensor grants to Licensee a revocable, non-exclusive, temporary license (the "License") to use that certain portion of the Licensor Property shown as cross-hatched on Exhibit A attached hereto and incorporated herein by this reference (the "License Area"), for the purpose of providing car parking (each respective event is hereinafter referred to as the "License Event") on the express terms and conditions contained herein, and on those specific times and dates referenced on the "License Event Schedule"included in Exhibit B attached hereto and made a part hereof by this reference. The duration of this Agreement shall be from the date of execution of this agreement through and including December 31, 2019. Either party may terminate this Agreement at any time upon giving not less than thirty (30) days prior written notice to the other party. No storage of any equipment or materials shall be permitted on the Licensor Property and no use of the Licensor Property may be made other than as herein set forth. (b) In consideration of the grant of the License, upon execution of this Agreement, Licensee shall pay to Licensor the sum of One dollar and zero cents($1.00). (c) Licensee acknowledges and agrees that Licensor is not making any representation or warranty about the Licensor Property. Licensee acknowledges and agrees that the License Area is to be accepted "AS IS," in the broadest sense of the term, and, without limiting the generality of the foregoing in any manner whatsoever,Licensee acknowledges and agrees that Licensor is not providing any security, Licensor does not make any representation that the License Area is fit for the intended use, the Licensor does not make any representation regarding the License Area's compliance with applicable.laws or other governmental requirements. Licensee, on behalf of itself and all of it principals, shareholders, partners, affiliated entities, assignees and successors in interest, as well as all person or entities derivatively claiming through them, hereby waives, relinquishes, releases and discharges the Licensor, and each and every person, firm or corporation, now a general and/or limited partner of Licensor, and their respective heirs, devisees, legatees, executors from and against any and all liabilities, obligations, fines, penalties, claims, demands, suits, judgments, actions, causes of action, damages, costs, losses and expenses (including, without limitation, attorney's fees, expert witness fees, and court costs),directly or indirectly arising by reason of,in connection with,on account of or pertaining to any of the foregoing. -1- DocuSign Envelope ID:3C950452-9258-4DCE-87C3-942A3AEF2503 (d) The obligations of Licensee under this Section 2 shall survive the termination of this Agreement and shall continue in effect until any or all Claims indemnified against are fully and finally barred by the applicable statue of limitations. 3. (a) Licensee shall, at Licensee's expense,obtain and keep in force during the term of this Agreement, a policy of commercial general liability insurance, including the broad form endorsement, insuring against any liability arising out of the use of the License Area. Such insurance shall provide combined single limit liability coverage of not less than Two Million Dollars ($2,000,000.00) per occurrence for bodily injury or death, personal injury and property damage. Such insurance shall include Licensor and the beneficiary under any deed of trust encumbering the Licensor Property each as an additional insured, and shall provide that each such additional insured may recover for any loss suffered by it by reason of the negligence of Licensee or Licensee's employees, agents, contractors or invitees. All such insurance shall specifically insure Licensee's performance of the indemnity and hold harmless agreements contained in Section 2 above although Licensee's obligations pursuant to Section 2 shall not be limited to the amount of any insurance required of or carried by Licensee under this Agreement and Licensee is responsible for ensuring that the amount of liability insurance carried by Licensee is sufficient for Licensee's purposes. Licensee may carry said insurance under blanket policy so long as the coverage afforded thereunder is not diminished thereby. (b) If Licensee fails to procure and maintain any insurance required to be procured and maintained by Licensee pursuant to this Agreement, Licensor may, but shall not be required, to procure and maintain all or any portion of the same, at the expense of Licensee and/or immediately terminate this Agreement, at Licensor's option. Licensor's election pursuant to this Section 3 to procure and maintain all or any portion of the insurance which Licensee fails to procure and maintain is acknowledged by Licensee to be for Licensor's sole benefit. Licensee acknowledges that any insurance procured and maintained by Licensor pursuant to this Section 3 may not be sufficient to adequately protect Licensee. Any insurance procured and maintained by Licensor pursuant to this Section 3 may provide for less coverage than is required to be maintained by Licensee pursuant to this Agreement. Licensee acknowledges and agrees that Licensee is and shall remain solely responsible for procuring insurance pursuant to this Section 3. Any insurance required to be maintained by Licensee hereunder shall be in companies rated A;X or better in the most recently published"Bests Insurance Guides." Prior to use of the License Area,Licensee shall deliver to Licensor copies of the policies of insurance required to be kept by Licensee hereunder, or certificates evidencing the existence and amount of such insurance, with evidence satisfactory to Licensor of payment of premiums. No policy shall be cancelable or subject to reduction of coverage except after thirty(30)days prior written notice to Licensor. Licensor acknowledges that Licensee is self-insured and that this self-insurance satisfies the requirement of Paragraph 3. 4. Licensee shall keep the Licensor Property free from any and all mechanics, materialmen's and other liens, and claims thereof, arising out of the use of the Licensor Property. Licensor shall have the right, at all times, to post and keep posted on the Licensor Property, any notices permitted or required by law, or which Licensor shall deem proper, for the protection of Licensor, from mechanics and materialmen's liens, including without a limitation a notice of non-responsibility. Should any claims of lien relating to use of the Licensor Property by Licensee be filed against, or any action be commenced affecting the Licensor Property or Licensor, Licensee shall give Licensor notice of such lien or action within three (3) days after it receives notice of the filing of the lien or the commencement of action. If Licensee does not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, then Licensor shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the -3- DocuSign Envelope ID:3C950452-9258-4DCE-87C3-942A3AEF2503 Attn: EVP and Partner,Acquisitions Phone Number: (650)931-3400 Fax Number: (650)931-3600 Prometheus Real Estate Group,Inc. 20400 Stevens Creek Boulevard, Suite 130 Cupertino,California 95014 Attn: Director of Commercial Services Phone Number: (408) 873-0121 Fax Number: (408)873-0122 8. This Agreement shall be governed by the laws of the state of California, with jurisdiction and venue to be in the county where the Licensor Property is located. 9. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,but any number of which shall be deemed to be one and the same instrument. IN WITNESS WHEREOF, the parties hereto have entered into this Agreement as of the date first written above. LICENSOR: LICENSEE: CUPERTINO CITY CENTER GARAGE, CITY OF CUPERTINO a California limited partnership SUNSET RIDGE DEVELOPMENT CO., INC., a California corporation, B its general partner By: PROMETHEUS REAL ESTATE Name: Timm Borden GROUP, INC.,a California Corporation, agent for owner Its: Acting City Manager L4' USigned"by: in, W SMbAi By: bu APPROVED AS TO FORM: Print Name: Eron Kosmowski Its: VP of Finance By: Print Name: Heather Minner Its: City Attorney 1094659.2 -5- DocuSign Envelope ID:D0446CF4-6583-434A-A8494112F2E2F637 CUPERTINO CITY CCNTER-20400- 0�so STEVENS CREED BLVD, SITE MAP EA Ld EA CD J \ C430 00 "� - �' O � EXHIBIT": � I C��OOODo �y CEO ..: --� - _ I I� On 1 Rl btj .0 �; Fes, � � �r 0 ,. 0 I, , : -3 511 ' - Tj } 0 0 T� co r DE ANZA.BOUI_EVARD... EXHIBIT B EVENT DATE Earth &Arbor Day Festival April 13,2019 (Saturday) Big Bunny 5k Run April 20,2019 (Saturday) Heroes Run November 2, 2019 (Saturday)