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. E. Devonwood 64, L.P. is in the process of selling the property to a new developer· and has requested this·agreemefit he released from· the·ptoperty� F. The Parties have agreed that it is in the best interest of the Parties to release the Agreement and the First Amendment to the Agreement from the property shown on Exhibit ''A".
NOW THEREFORE, in light of the recitals and for other good and valuable consideration, the Parties agree as follows:
1. This Release may be recorded in Merced County Records upon City Council approval and being fully executed by the City Manager or Deputy City Manager. The Agreement shall be released from and shall no longer affect the property shown on Exhibit "A" from and after the date of recording of this Release.
2. This Release shall not affect the Agreement or its effectiveness as to other properties or as between the Parties themselves.
CITY OF MERCED
A California charter municipal corporation
BY:
ATTEST:
STEPHANIE R. DIETZ, CITY CLERK
BY: -------------
Assistant/Deputy City Clerk
APPROVED AS TO FORM:
BY:-�---""""'===-------
City Attorney
------------
City Manager
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