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05-049, One Workplace, L. Ferrari LLC Project No.2004-03 DOCUMENT 00650 AGREEMENT AND RELEASE OF ANY AND ALL CLAIMS THIS AGREEMENT AND RELEASE OF ANY AND ALL CLAIMS ("Agreement and Release"), made and entered into this 15th day of February, 2005 by and between the City of Cupertino ("City"), and One Workplace, L. Ferrari LLC ("Contractor"), whose place of business is at 1057 Montague Expressway., Milpitas, CA, 95035. RECITALS A. City and Contractor entered into Project Number 2004-03 (the "Contract"). B. The Work under the Contract has been completed. Now, therefore, it is mutually agreed between City and Contractor as follows: AGREEMENT 1. Contractor will not be assessed liquidated damages except as detailed below: Original Contract Sum $ 685,650.81 $ 726,341.04 $ 653,706.94 Modified Contract Sum Payment to Date Liquidated Damages $0 Payment Due Contractor $ 72,634.10 2. Subject to the provisions of this Agreement and Release, City will forthwith pay to Contractor the sum of $ Seven Hundred Twenty Six Thousand, Three Hundred and Forty One Dollars and Four Cents ($ 726,341.04) under the Contract, less any amounts withheld under the Contract or represented by any Notice to Withhold Funds on file with City as of the date of such payment. 3. Contractor acknowledges and hereby agrees that there are no unresolved or outstanding claims in dispute against City arising from the Contract, except for the claims described in paragraph 4 of this Document 00650. It is the intention of the parties in executing this Agreement and Release that this Agreement and Release shall be effective as a full, final and general release of all claims, demands, actions, causes of action, obligations, costs, expenses, damages, losses and liabilities of Contractor against City, and all if its agents, employees, consultants (including without limitation Consulting Cupertino), inspectors, representatives, assignees and transferees except for the Disputed Claims set forth in paragraph 4 of this Document 00650. Nothing in this Agreement and Release shall limit or modify Contractor's continuing obligations described in paragraph 6 of this Document 00650. 4. The following claims are disputed (hereinafter, the "Disputed Claims") and are specifically excluded from the operation of this Agreement and Release: Claim No. Date Submitted Description of Claim Amount of Claim [Insert information, including attachment if necessary] City of Cupertino Civic Center & Library Furniture Project 4/27/04 00650 - 1 Agreement and Release of Any and All Claims Project No.2004-03 5. Consistent with California Public Contract Code Section 7100, Contractor hereby agrees that, in consideration of the payment set forth in paragraph 2 of this Document 00650, Contractor hereby releases and forever discharges City, and all of its agents, employees, consultants, inspectors, assignees and transferees from any and all liability, claims, demands, actions or causes of action of whatever kind or nature arising out of or in any way concerned with the Work under the Contract 6. Guarantees and warranties for the Work, and any other continuing obligation of Contractor, shall remain in full force and effect as specified in the Contract Documents. 7. Contractor shall immediately defend, indemnify and hold harmless the City of Cupertino, Santa Clara County, its Architect, any of their Representatives, and all of their agents, employees, consultants, inspectors, assignees and transferees, from any and all claims, demands, actions, causes of action, obligations, costs, expenses, damages, losses and liabilities that may be asserted against them by any of Contractor's suppliers and/or Subcontractors of any tier and/or any suppliers to them for any and all labor, materials, supplies and equipment used, or contemplated to be used in the performance of the Contract, except for the Disputed Claims set forth in paragraph 4 of this Document 00650. 8. Contractor hereby waives the provisions of California Civil Code Section 1542, which provides as follows: A general release does not extend to claims that the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him, must have materially affected his settlement with the debtor. 9. The provisions of this Agreement and Release are contractual in nature and not mere recitals and shall be considered independent and severable, and if any such provision or any part thereof shall be at any time held invalid in whole or in part under any federal, state, county, municipal or other law, ruling, or regulation, then such provision, or part thereof shall remain in force and effect only to the extent permitted by law, and the remaining provisions of this Agreement and Release shall also remain in full force and effect, and shall be enforceable. 10. Contractor represents and warrants that it is the true and lawful owner of all claims and other matters released pursuant to this Agreement and Release, and that it has full right, title and authority to enter into this instrument. Each party represents and warrants that it has been represented by counsel of its own choosing in connection with this Agreement and Release. 11. All rights of City shall survive completion of the Work or termination of the Contract, and execution of this Agreement and Release. City of Cupertino Civic Center & Library Furniture Project 4/27/04 00650 - 2 Agreement and Release of Any and All Claims Project No.2004-03 * * * CAUTION: THIS IS A RELEASE - READ BEFORE EXECUTING * * * THE CITY OF CUPERTINO, a Mun"ipal cO"j'tion ofth, State ofCalifornia By .J1...~ fA) ~ {.It. ~ David W. Knapp, City Manager A TTES~: . "L- __n " /~-nt-k~/4f _~-.)77kt' City Clerk (j \ City Attorney ~g ,20~ One Workplace, L. Ferrari LLC :~.e-~~~ Its: ~~ 5~.M~ By: If,-,- ~~ tr-tA (, -' rr. '" H 0 ,Vt~'- (: tc-G c.. Pl1l. A ~ r llf (J -, (\..f} 1''''./ Name: Its: END OF DOCUMENT City of Cupertino Civic Center & Library Furniture Project 4/27/04 00650 - 3 Agreement and Release of Any and All Claims