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11/09/2015 6.3.A. - Page 9 OMNIBUS AMENDMENT TO LOAN DOCUMENTS (City Center Plaza) THIS OMNIBUS AMENDMENT TO LOAN DOCUMENTS (the "Amendment") is dated , 2016, by and among the City of Redwood City, a municipal corporation, as housing successor agency to The Redevelopment Agency of the City of Redwood City, a public agency ("Housin� Successor A�ency"), Successor Agency to the Redwood City Redevelopment Agency ('`Successor A e�nC�"), Mezes Court Associates,� a California Limited Partnership ("Original Borrower") and [TO BE FORMED LIMITED PARTNERSHIP]�City to approvegeneral partnerJ, a California limited partnership (`Borrower"). RECITALS A. Pursuant to a Developer Note dated as of June 18, 1996 (the "Note"), Original Borrower agreed to pay the former Redevelopment Agency of the City of Redwood City ("RDA") $1,445,000 (the "Loan"), being the purchase price for Original Borrower's acquisition of certain real property located in the City of Redwood City, California (the "PropertX") described in Exhibit A attached hereto. All capitalized terms used but not defined in this Amendment have the meanings set forth in the Note. B. The RDA dissolved on February 1, 2012, as required by Assembly Bill X1 26 signed into law as part of the State of California's budget package on June 29, 2011, and its assets and functions were transferred to the Successor Agency and Housing Successor Agency. C. The Loan is comprised of funds from the RDA's general fund in the original principal amount of$1,073,924, which were transferred to the Successor Agency (the "General Portion") and from the RDA's low and moderate income fund in the original principal amount of $371,076 which were transferred to the Housing Successor Agency (the "Low-Mod Fund Portion"). As a result of the division and transfer of assets required by Assembly Bill X] 26, the Successar Agency and Housing Successor Agency became co-payees under the Loan. D. The Loan is secured by a Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing executed by Original Borrower for the benefit of RDA, dated June 18, 1996, which was recorded in the Official Records against the Property on June 28, 1996, as instrument number 96-079146 (the "Deed of Trust" and, together with the Note, the "Loan Documents"). Concurrently with the closing of the Loan, the RDA and Original Borrower entered into and recorded in the Official Records of San Mateo County (the "Official Records") as Instrument No. 96-079147 on June 28, 1996 an Affordable Housing Covenant (the "Covenant"). E. Concurrently herewith, the Original Borrower is repaying the General Portion of � the Loan and all accrued and unpaid interest on the entire Loan, and transferring the Property and assigning all of its right, title and interest in, and remaining obligations under, the Loan and each of the Loan Documents and Covenant to Borrower, the Successor Agency is acknowledging the repayment of the Genera( Portion of the Loan (including all accrued and unpaid interest thereon) and terminating its right, title and interest in the Loan Documents and Covenant, and the ATTY/AGR/2015/AMENDMENTS/AMEND N0.1—OMNIBUS LOAN DOCUMENTS CITY CENTER PLAZA REV:10-23-15 VR OAK#4834-8174-3401 v3 Page 1 of 24 1 RESO.#15455 MUFF#455