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authorizing the execution, delivery and recordation of such instruments as necessary to <br /> effectuate the return of the Property from the City to the Successor Agency. The Property was <br /> returned to the Successor Agency pursuant to a grant deed dated as of November 20, 2012, <br /> executed by City as grantor, and recorded in the Official Records on November 20, 2012 as <br /> Instrument No. 2012- 173259 and a grant deed dated as of November 20, 2012, executed by <br /> City as grantor, and recorded in the Official Records on November 20, 2012 as Instrument No. <br /> 2012-173258 (collectively, the "City-Successor Agency Grant Deeds"). <br /> 3. The Property qualifies as a "governmental purpose" asset as defined in Health <br /> and Safety Code Section 34181 (a), and therefore is eligible for transfer to the City. In <br /> accordance with Health and Safety Code Sections 34181 (a) and 34181 (f), the Oversight Board <br /> to the Successor Agency and the State of California Department of Finance ("DOF") have <br /> approved the conveyance of the Property to the City for transfer to the City as a "governmental <br /> purpose" asset. This Grant 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 Deeds and in Paragraphs 1 , 2, and 5 of the City-Successor Agency Grant Deeds <br /> pertaining to conformity to the Redevelopment Plan, are hereby terminated. <br /> SIGNATURES ON FOLLOWING PAGE. <br /> ATTY/AGR/2016.091/CULVERT PARCELS — GRANT DEED SA TO CITY <br /> REV: 05-04-16 VR <br /> Page 2 of 8 <br />