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Res13 15289
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Res13 15289
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Last modified
10/11/2019 7:50:19 AM
Creation date
10/11/2019 7:49:52 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING, AND AUTHORIZING THE CITY � MANAGER TO EXECUTE, A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND REDWOOD CITY PARTNERS, LLC FOR 950 MIDDLEFIELD ROAD
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1.1.79 "Notice of AgreemenY' means a notice, in substantially the form of <br /> Exhibit F to this Agreement, to be recorded against the Site at the Close of Escrow to provide <br /> constructive recard notice of the existence and application of this Agreement to the Site. <br /> 1.1.80 "Notifv" means give a Notice. <br /> 1.1.81 "Pazking Covenant and A�reement" shall mean the agreement <br /> substantially in the form attached hereto as Exhibit I and incorporated herein by reference. <br /> 1.1.82 "ParkinQ Facilities A�reement" means that certain Parking Facilities <br /> Agreement, dated July 12, 2004, between the City and On Broadway Redwood City, LLC, as <br /> amended by a First Amendment to Parking Facilities Agreement dated September 1 l,2007. <br /> : 1.1.83 "PCO Report" means a preliminary change of ownership report <br /> required under California Revenue and Taxation Code Section 480.3. <br /> 1.1.84 "Performance Schedule" means the schedule for the performance of <br /> certain actians by the City or the Developer, pursuant to the terms and conditions of this <br /> Agreement, attached to this Agreement as Exhibit D. � <br /> I.1.85 "Permitted Encumbrance" means an.y Mortgage and any other <br /> document required or allowed to be recorded against the Site by the express terms of this <br /> Agreement. <br /> 1.1.86 "Permitted Exce�tions" means: (i)any and all items shown in ' <br /> Schedule B af the Preliminary Report as exceptions to coverage under the proposed Title Policy <br /> that the Developer does not disapprove or conditionally approve or that are otherwise accepted or <br /> consented to by the Developer; (ii)any exceptions from coverage under the proposed Title <br /> Policy resulting from the Developer's activities on the Site; (iii) any lien for non-delinquent <br /> property taxes or assessments; (iv)any Laws applicable to the Site; (v)this Agreement; (vi)the <br /> City Deed; or(vii) any other matter provided for in this Agreement. <br /> 1.1.87 "Permitted Transfer" shall have the meaning set forth in Section 8.2.1 <br /> of this Agreement. <br /> i 1.1.88 "Person" means any association, corporation, governmental entity or <br /> agency, individual, joint venture, joint-stock company, limited liability company, partnership, <br /> trust,unincorporated organization, or other entity of any kind. <br /> 1.1.89 "Pre-Closin� Liquidated Dama�es Amount" means the amount of <br /> Twenty Five Thousand Dollars ($25,000). <br /> 1.1.90 "Precise Plan" means the Downtown Precise Plan, adopted by the City <br /> Council on January 24, 2011. <br /> 1.1.91 "Preliminary Report" means a preliminary report issued by the Title <br /> Company in contemplation of the issuance of the Title Policy, accompanied by copies of all <br /> ii <br /> 2013.11 S/BLOCK 2 HUNTER STORM <br /> REV:07-26-13 PT <br />
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