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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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. _ . ._��,i.._ _ ._.... . ...�.. <br /> 3.5.3 Insurance Documents. Any copies of insurance policies or original <br /> certificates of insurance required to be delivered to the City by the Developer on or before the <br /> Close of Escrow, pursuant to Section 2.6; <br /> 3.5.4 Acceptance of Cit�ed. Developer's acceptance of the provisions of <br /> the City Deed (Exhibit E), executed by the authorized representative(s) of the Developer in <br /> recordable form; <br /> 3.5.5 Notice of Agreement. The Notice of Agreement (Exhibit F) executed <br /> by the authorized representative(s)of the Developer in recordable form; <br /> 3.5.6 Loan Mort¢a�e. If applicable, a Mortgage securing repayment of the <br /> Senior Loan executed by the authorized representative(s) of the Developer 'vn recordable form, to <br /> be recorded against the Site at the Close of Escrow{if not previously recorded); <br /> 3.5.7 Parking Covenant and Agreernent. The Parking Covenant and <br /> Agreement (Exhibit I) executed by Developer in recordable form; <br /> 3.5.8 Public Benefit Contribution. The Public Benefit Contribution; <br /> ; 3.5.9 Construction Parkin� Pro�ram Contribution. The Construction <br /> Pazking Program Contribution; <br /> , 3.5.10 Environmental Holdback A�reement. The Environmental Holdback <br /> Agreement(Exhibit K) executed by Developer; and <br /> 3.5.11 Other Funds and Documents. Such other funds or documents required <br /> ' from the Developer under the terms of this Agreement to close the Escrow or by the Escrow <br /> Agent in the perfornaance of the Escrow Agent's contractual or statutory obligations regarding <br /> the Escrow. <br /> ' 3.6 City's Escrow Deposits. At least one (1) business day prior to the Escrow <br /> Closing Date, the City shall deposit the following described funds and documents into the <br /> Escrow: <br /> 3.6.1 City Deed. The City Deed (E�ibit E) executed by the authorized <br /> representative(s)of the City in recordable form; <br /> 3.6.2 FIltPTA Affidavit. The FIIZPTA Affidavit completed and executed by <br /> the authorized representative(s) of the City; <br /> 3.6.3 Notice of Agreement. The Notice of Agreement(Exhibit F)executed <br /> by the authorized representative(s)of the City in recordable form; <br /> 3.6.4 Form 593. A Form 593 executed by the authorized representative{s) ` <br /> of the City; <br /> 25 <br /> 2013.118JBLOCK 2 HUNTER STORM <br /> REV:07-26-13 PT <br />
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