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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
Fields
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 12 <br /> 10. Escrow Instructions. The parties shall deliver subordination agreements and any <br /> other documents reasonably required to carry out the terms of this Amendment. <br /> l 1. Full Force and Effect. Except as set forth in this Amendment, the Deed of Trust and <br /> Covenant remain unmodified and in full force and effect. <br /> 12. Effectuation Throu�h Escrow. The transactions contemplated through this <br /> Amendment are expected to close through an escrow with North American Title Company (or <br /> other title and escrow company reasonably satisfactory to the parties), at no cost or expense to <br /> either the Successor Agency or Housing Successor Agency. Each party shall sign appropriate <br /> escrow instructions consistent with this Amendment to carry out the closing. <br /> 13. Successors and Assi�. This Amendment is binding on and inures to the benefit of <br /> the legal representatives, heirs, successors and assigns of the parties. <br /> 14. California Law. This Amendment is governed by and construed in accordance with <br /> the laws of the State of California. <br /> l5. Counterparts. This Amendment may be signed by the different parties hereto in <br /> counterparts, each of which shall be deemed an original but all of which together shall constitute <br /> one and the same agreement. <br /> IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and <br /> year first above written. <br /> ORIGINAL BORROWER: <br /> MEZES COURT ASSOCIATES, <br /> a California Limited Partnership <br /> By: MP Mezes, Inc., <br /> a California nonprofit public benefit <br /> corporation, its general partner <br /> By: <br /> Matthew O. Franklin, Assistant Secretary <br /> BORROWER: <br /> [TO BE FORMED LIMITED PARTNERSHIP] <br /> ATTY/AGR/2015/AMENDMENTS/AMEND N0.1—OMNIBUS LOAN DOCUMENTS CITY CENTER PLAZA <br /> REV:10-23-15 VR <br /> OAK#4834-8174-3401 v3 <br /> Page 4 of 24 <br /> 4 RESO.#15455 <br /> MUFF#455 <br />
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