Upon an Event of Default, which of the following is a legal remedy the City may seek?

The City seeking specific performance is a relevant legal remedy upon an Event of Default because specific performance compels a party to fulfill their contractual obligations as agreed. This remedy is particularly applicable in situations where monetary damages are insufficient to remedy the harm caused by the default. In housing contracts, where the subject matter may be unique or the performance of specific actions is critical to the agreement, a court may enforce the contract in such a way that the defaulting party must complete their responsibilities as per the original terms.

In contrast, the other options do not function effectively as legal remedies in the context of an Event of Default. Issuing a partial payment does not address the default itself and may not resolve outstanding obligations. Extending contract terms is more of a modification and not a remedy for default, as it does not ensure the original obligations are met. Negotiating future contracts is also forward-looking and does not address the immediate consequences of a default. Specific performance specifically seeks to rectify the situation by ensuring compliance with the contractual terms that were originally agreed upon.