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i iNLl R$Q[]ES'T,ED BY <br />T �11+1T E fNSUltp►NCE CO. <br />�► , RMMERCFAL SEjtVgCBS <br />Free Recording Requested per <br />Government Code Sec, 27383 <br />2020-039724 <br />1:22 pm 05/04/20 A3 Fee: NO FEE <br />Count of Pages 10 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />Assessor -County Clerk -Recorder <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED MAIL TO: �IE� <br />I 111111! 1 1�I 11111 11� <br />*$ R 0 0 0 2 8 5 2 4 9 5$ <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attn: City Clerk <br />APNs: 059-092-290-2 (old) (New APN not yet assessed) SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />059-092-300 (Affects Parcel Three) 059-092-310 <br />(Affects Parcel One and Two) <br />/t fcs---0�6�9-/ <br />FIRST AMENDMENT TO OWNER PARTICIPATION AGREEMENT <br />THIS FIRST AMENDMENT TO OWNER PARTICIPATION AGREEMENT (this <br />"Amendment") is made and executed as of ( &:g , 2020 (the "Effectixe Date"), <br />by HALLMARK 2017 LP, a California limited partnership ("Participating Owner") and CITY OF <br />REDWOOD CITY, a charter city and municipal corporation in the State of California (the "W'). <br />RECITALS: <br />A. Pursuant to Section 24 of the Code of Federal Regulations, Part 92 for the HOME <br />Investment Partnership Program (the "HOME Program"), the City made a loan to KDF Hallmark, <br />L.P., a California limited partnership ("Original Participating Owner") of monies granted to it <br />under the HOME Program in the original principal amount of Five Hundred Thousand Dollars <br />($500,000) (the "HOIME Loan") as evidenced by the Loan Documents (defined below). The <br />Redevelopment Agency of the City of Redwood City (the "Agency') made a loan to the Original <br />Participating Owner in the original principal amount of One Hundred Fifty Thousand Dollars <br />($150,000) as evidenced by the Loan Documents (the "RDA Loan", and together with the HOME <br />Loan, the "Loans"). <br />B. The Loans were made in connection with the renovation of Hallmark House <br />Apartments, a 72 -unit apartment complex located at 531 Woodside Road, Redwood City, <br />California, and more fully described in Exhibit A, attached hereto and incorporated by reference.. <br />C. The City is the successor agency to the Agency. <br />D. The Loans are evidenced by the following documents: (i) that certain <br />Redevelopment Agency of the City of Redwood City Owner Participation Agreement (Hallmark <br />Apartments Project) by and among the Original Participating Owner, the City, and the Agency <br />dated December 1, 2003, and recorded in the Official Records of San Mateo County, California <br />(the "Official Records") as Document Number 2003-350637 on December 22, 2003 (the "Owner <br />Participation Agreement"); (ii) that certain Promissory Note by Original Participating Owner dated <br />REV: 03-30-2020 PR <br />Description: San Mateo,CA Document - Year.DocID 2020.39720 Page: 1 of 10 <br />Order: eeee Comment: <br />