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RecD04 2004-231515
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RecD04 2004-231515
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Last modified
7/5/2005 2:27:28 PM
Creation date
12/27/2004 9:29:30 AM
Metadata
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
documents from escrow
Doc Num
2004-231515
Rec Date
11/23/2004
Parties
Redevelopment Agency, On Broadway Redwood City
File Num
100 bin 24
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<br />the Parcel is conveyed from the Agency to the Developer (the "Grant Deed"). All rights of the <br />Agency under the DDA shall terminate after issuance of the Certificate of Completion and the rights <br />and obligations of the parties with reference to the Project will thereafter be limited to those set forth <br />in the Grant Deed, to easement and maintenance obligations contained in that certain Reciprocal <br />Easement and Maintenance Agreement and a further maintenance agreement or agreements <br />contemplated under the DDA to be finalized at a later date, and to the provisions of that certain <br />Parking Facilities Agreement executed by the parties hereto. <br /> <br />o. The Developer is subject to certain nondiscrimination covenants in the use and <br />operation of Parcel A, as described in the DDA and in the Grant Deed. <br /> <br />p. The Agency and the Developer each have certain rights to terminate the DDA, and <br />the Agency has the right to reacquire title to Parcel A under certain circumstances. <br /> <br />q. The Agency retains the right of re-entry onto Parcel A and the revesting of title <br />thereto after conveyance of title to the Developer, on the terms described in the DDA. <br /> <br />r. The Developer is prohibited from transferring, partially or totally, any interest in <br />Parcel A or the Project prior to the issuance of a Certificate of Completion. <br /> <br />s. Prior to the issuance of the Certificate of Completion, the Developer is prohibited <br />from transferring any interest in the Developer except on the terms provided in the DDA. <br /> <br />[SIGNATURES APPEAR ON FOLLOWING PAGES] <br /> <br />4 <br /> <br />REDW\0002\DOC\009-3 <br />6\30\04 1000 law <br />
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