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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 19 <br /> EXHIBIT C <br /> Form of Deed of Trust Amendment <br /> RECORDING REQUESTED BY <br /> AND WHEN RECORDED MAIL TO: <br /> City of Redwood City <br /> 1017 Middlefield Road, <br /> Redwood City, CA 94063 <br /> Attn: City Clerk <br /> (Space Above This Line for Recorder's Use Only) <br /> Exempt from recording fee per Gov. Code§27383. <br /> ASSIGNMENT AND AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS, <br /> SECURITY AGREEMENT AND FIXTURE FILING <br /> (City Center Plaza) <br /> THIS ASSIGNMENT AND AMENDMENT TO DEED OF TRUST, ASSIGNMENT <br /> OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (the "Amendment") is dated <br /> , 2016, assigns and amends that certain Deed of Trust, Assignment of Rents, <br /> Security Agreement and Fixture Filing which was recorded in the Official Records of San Mateo <br /> County on June 28, 1996 as instrument number 96-079146 (the "Original Deed of Trust" and as <br /> assigned and amended by this Amendment, the "Deed of Trust") and is among Successor <br /> Agency to the Redwood City Redevelopment Agency ("Terminatin�Beneficiary"), the City of <br /> Redwood City, a municipal corporation, as housing successor agency to The Redevelopment <br /> Agency of the City of Redwood City (`Beneficiarv"), Mezes Court Associates, a California <br /> Limited Partnership ("Ori�inal Trustor"), and [New OwrterJ, a California Limited Partnership <br /> ("Trustor"). <br /> RECITALS <br /> A. The Redevelopment Agency of the City of Redwood ("Original BeneficiarX"), the <br /> `Beneficiary" under the Original Deed of Trust, dissolved on February ], 2012, as required by <br /> Assembly Bill Xl 26 signed into law as part of the State of California's budget package on June <br /> 29, 201 l, and its assets and functions, including without limitation its rights under the Original <br /> Deed of Trust, were transferred to the Beneficiary and Terminating Beneficiary. <br /> B. As provided herein: (i) Original Trustor and Trustor wish to assign Original <br /> Trustor's interest in the Original Deed of Trust to Trustor; (ii) Terminating Beneficiary wishes to <br /> acknowledge the termination and release of its interest in the Original Deed of Trust; and (iii) to <br /> assist in the rehabilitation of the Mortgaged Property, Trustor and Beneficiary wish to amend the <br /> Original Deed of Trust. <br /> C. All capitalized tern�s used but not defined in this Amendment have the meanings <br /> set forth in the Original Deed of Trust. <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 11 of 24 <br /> 11 RESO.#15455 <br /> MUFF#455 <br />
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