agenda city of watsonville city council/redevelopment agency meeting

The parties are in the process of negotiating a Joint Venture Agreement, whose purpose is
to help boost the economic success of the City of Watsonville and ensure compliance
with the USCIS’ Pilot Program.
Pending the possible signing of a Joint Venture Agreement, all parties agree to hold in
strict confidence all commercial and trade information exchanged and further, neither
party shall act upon such information exchanged to the detriment of the other party, such
obligation constituting a separate distinct right not dependent on the enforceability of this
MoU. The Joint Venture Agreement Shall be signed by California Sunshine Regional
Center and The City of Watsonville, failing which all parties are free to pursue other
alternatives as they deem proper without any responsibility to the other party.
Article 8: Governing Law
This MoU shall be construed and enforced in accordance with the laws of the State of
California, United States of America, without regards to its conflict of laws rules.
The City of Watsonville
_________________________________
By: Carlos J. Palacios, City Manager
California Sunshine Regional Center, LLC
__________________________________
By: Lisa Li, General Manager
The Redevelopment Agency of the City of
Watsonville:
__________________________________
By: Carlos J. Palacios, Executive Director
__________________________________
ATTEST:
BY _______________________________
Agency Secretary
BY________________________________
Agency Counsel
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