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Res15 15455
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Res15 15455
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Last modified
10/11/2019 7:53:57 AM
Creation date
10/11/2019 7:53:50 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
11/9/2015
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS HOUSING SUCCESSOR AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING AN OMNIBUS AMENDMENT TO LOAN MODIFICATION BY AND AMONG THE CITY OF REDWOOD CITY AS HOUSING SUCCES50R AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY, THE SUCCESSOR AGENCY, MEZES COURT ASSOCIATES AND A TO BE FORMED LIMITED PARTNERSHIP
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11/09/2015 <br /> 6.3.A. - Page 18 <br /> 15. This Note is a nonrecourse Note whereby Maker has no personal liability for <br /> repayment of the sums evidenced hereby, and the Payee must resort only to income, profits or <br /> other funds generated from the Site, including any funds which may result from the sale or <br /> disposition of the Site subsequent to a foreclosure of the Deed of Trust or conveyance of a deed <br /> to the Site in lieu of such foreclosure, for repayment of any amounts owed hereunder. <br /> 16. This Note shall be construed in accordance with and be governed by the laws of <br /> the State of California. <br /> 17. If any provision of this Note shall be invalid, illegal or unenforceable, the validity, <br /> legality and enforceability of the remaining provisions hereof shall not in any way be affected or <br /> impaired thereby. <br /> , A <br /> CALIFORNIA LIMITED PARTNERSHIP <br /> By: [Nanze of General PartnerJ <br /> sy: <br /> Name: <br /> Its: <br /> ATTY/AGR/2015/AMENDMENTS/AMEND N0.1—OMNIBUS LOAN DOCUMENTS CITY CENTER PLAZA <br /> REV:10-23-15 VR <br /> OAK#4827-0422-4297 v2 <br /> Page 10 of 24 <br /> 10 RESO.#15455 <br /> MUFF#455 <br />
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