RecD07 2007-175981 - Laserfiche WebLink

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CERTIFICATE OF COMPLETION When Recorded, Mail to: Mark Hyatt KDF Communities 1301 Dove St., Suite 720 Newport Beach, CA 92660 CERTIFICATE OF COMPLETION The undersigned, Redevelopment Agency of the certifies as follows: as Executive Director City of Redwood City, of the hereby By its Resolution No. ,tit> #?--~..u- adopted December 10, 2007, the Redevelopment Agency of Redwood City has resolved as follows: and the approved City of Section 1. The improvements [or that certain portion of the improvements described as Renovation of 72 Unit Apartment Complex Hallmark Apartments required to be constructed in accordance with that certain Owner Participation Agreement (the "Agreement") dated December 1, 2003, by and between the City of Redwood City, the Redevelopment Agency of the City of Redwood City and KDF Hallmark, a California limited partner (the "Participating Owner"), on that certain real property more fully described in Exhibit "A" attached hereto and incorporated herein by this reference have been completed in accordance with the provisions of said Agreement. Section 2. This Certificate of Completion shall constitute a conclusive determination of satisfaction of the agreements and covenants contained in the Agreement with respect to the obligations of the Participating Owner, and its successors and assigns, to construct the improvements and the dates for the beginning and completion thereof; provided, however, that the Agency may enter the Property for purposes of enforcing any covenant of the Agreement. Said Agreement is an official record of the Redevelopment Agency of the City of Redwood City and a copy of said Agreement may be inspected in the office of the Secretary of the Redevelopment Agency of the City of Redwood City during regular business hours. 1