{CW129879.5}
EXHIBIT A
Notice of Termination
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of Patterson
1 Plaza
Patterson, CA 95363
Attention: City Clerk
SPACE ABOVE THIS LINE FOR RECORDER’S USE
Recording Fee Exempt per Government Code §
6103
NOTICE OF TERMINATION AND RELEASE OF DEVELOPMENT AGREEMENT DATE: _________________, 20___
PARTIES: CITY OF PATTERSON, a California municipal corporation 1 Plaza
Patterson, California 95363
CENTRAL VALLEY-SIERRA ASSOCIATES, a California nonprofit mutual benefit corporation
235 North San Joaquin Street
Stockton, CA 95202
THIS NOTICE OF TERMINATION AND RELEASE (the “Release”) is being executed by the City of Patterson, a California municipal corporation (“City”), with reference to the following.
A. By Instrument No. 2018-001-0017054-00, which was recorded in the Official Records of Stanislaus County, California, on March 12, 2018, City recorded a development agreement between City and Central Valley-Sierra Associates, dated December 5, 2017 (the “Development Agreement”), relating to the development and operation of a cannabis dispensary.
B. Pursuant to Sections 1.7 and 9.1 of the Development Agreement, the term of the Development Agreement expired on July 4, 2022.
C. Pursuant to Section 9.1 of the Development Agreement, once terminated, the Development Agreement has no further force or effect, unless otherwise set forth in the Development Agreement.
{CW129879.5}
NOW, THEREFORE, City hereby terminates, cancels, and otherwise releases Developer and Developer’s heirs, executives, administrators, successors, and assigns from their obligations in the Development Agreement on this ____ (day) of _____ (month), 2023, and relinquishes any right it may hereafter have to enforce any of the terms and provisions set forth in the Development Agreement, unless otherwise set forth in the Development Agreement. This termination, cancellation, and release shall be effective upon the recordation of this Release in the office of the County Recorder for the County of Stanislaus, State of California.
CITY OF PATTERSON,
a California municipal corporation
By:
City Manager