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Res17 15621
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Res17 15621
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Last modified
10/11/2019 7:56:55 AM
Creation date
10/11/2019 7:56:39 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Agency Type
City Council
Date
9/25/2017
Description
A 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 MP BRADFORD ASSOCIATES, L.P. FOR 707 BRADFORD STREET
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Exhibit H <br /> SCHEDULE OF PERFORMANCE <br /> §3 .3 Escrow to be opened. Within 30 days following <br /> Effective Date. <br /> §6. 1 , Art. Developer to provide evidence Prior to entry onto the Property; <br /> X of insurance. prior to Closing. <br /> §2.5 . 1 Developer to submit Within 12 months following <br /> preliminary Financing Plan Effective Date. <br /> with supporting documents. <br /> §2.3 City to resolve title issues and Within 12 months following Developer may revise <br /> complete land exchange with Effective Date. plans for the Project or <br /> §3.6. 1 , State Lands Commission. terminate this Agreement <br /> 3.6.2 if these actions are not <br /> completed within 12 <br /> months following the <br /> Effective Date. <br /> §2.5. I Developer to submit updated Prior to Closing and within two Two (2) one-year <br /> Financing Plan and evidence (2) years following Effective extensions may be granted <br /> of financing commitments for Date. pursuant to §2.5. 1 . <br /> construction and permanent <br /> financing. <br /> §5.3 Developer to obtain final Prior to Closing and within two Two (2) one-year <br /> planning approval and all (2) years following Effective extensions may be granted <br /> entitlements for the Project. Date. pursuant to §3 .5. <br /> §5.3 Developer to obtain all Prior to Closing and within two Two (2) one-year <br /> permits, including building (2) years following Effective extensions may be granted <br /> permits necessary for Date. pursuant to §3 .5. <br /> construction of the Project. <br /> §3 .5 Close of Escrow; conveyance Thirty (30) days after Two (2) one-year <br /> of the Property. satisfaction of all conditions, an( extensions may be granted <br /> within two (2) years following pursuant to §3 .5. <br /> Effective Date. <br /> §5 . 1 Developer to commence Within thirty (30) days <br /> construction of Project. following conveyance of the <br /> Property to Developer. <br /> §5 . 1 Construction of Project to be Within twenty-four (24) months <br /> completed. following commencement of <br /> construction. <br /> ATY/AGR/2017.218/RWC — BRADFORD — DDA <br /> REV: 09-18-17 VR <br /> Page 94 of 94 <br />
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