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OB 16-04
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OB 16-04
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Last modified
5/16/2016 9:11:08 AM
Creation date
5/16/2016 9:10:57 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
Oversight Board
Date
5/12/2016
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returned to the Successor Agency pursuant to a Grant Deed dated as of November 27, 2012, <br /> executed by City as grantor, and recorded in the Official Records of San Mateo County on <br /> November 28, 2012 as Instrument No. 2012- 177008 (the "City-Successor Agency Grant <br /> Deed"). <br /> 3. The Property qualifies as a parking lot that is "dedicated solely to public <br /> parking" as defined in Health and Safety Code Section 34181 (a), and therefore is eligible for <br /> transfer to the City as a "governmental purpose" asset. In accordance with Health and Safety <br /> Code Sections 34181 (a) and 34181 (f), the Oversight Board to the Successor Agency and the <br /> State of California Department of Finance ("DOF") have approved the conveyance of the <br /> Property to the City for transfer to the City as a "governmental purpose" asset. This Grant <br /> Deed has been prepared and executed to implement such approvals. <br /> 4. The Property is conveyed to City subject to all matters of record; provided <br /> however, Grantor (as successor in interest to the Redevelopment Agency) and Grantee hereby <br /> mutually agree that the covenants set forth in Paragraphs 1 , 2, and 5 of the Prior Conveyance <br /> Grant Deed and in Paragraphs 1 , 2, and 5 of the City-Successor Agency Grant Deed pertaining <br /> to conformity to the Redevelopment Plan, are hereby terminated. <br /> SIGNATURES ON FOLL O WING PAGE. <br /> ATTY/AGR/2016.090/RWC-LIBRARY PARKING — GRANT DEED SA TO CITY <br /> REV: 05-04-16 VR <br /> Page 2 of 7 <br />
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