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AgdaPkt 2020-10-26 Joint SA PFA
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AgdaPkt 2020-10-26 Joint SA PFA
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Last modified
11/2/2020 1:04:03 PM
Creation date
10/22/2020 5:08:46 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/26/2020
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7.A. - Page 114 of 176 <br />6. Deliver to each Party an original, fully executed Assignment. <br />7. Deliver HCP's original Closing Certificate, MetLife's original Closing Certificate, and <br />SCOA's original Closing Certificate to City, and deliver a duplicate copy of each Closing <br />Certificate to HCP, MetLife, and SCOA. <br />8. Deliver the original or a duplicate copy of City's Closing Certificate to HCP, MetLife, <br />and SCOA. <br />9. Issue to City an American Land Title Association ("ALTA") Extended Coverage <br />Owner's Policy of Title Insurance, in an amount equal to the Acquisition Price as that <br />term is defined in Section 1.2 of the Agreement (which amount City will specify before <br />close of the Escrow), insuring City's title in the Levee Assets, subject only to the <br />Permitted Exceptions. <br />10. File the information return for the sale of the Levee Assets as required by Section 6045 of <br />the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations <br />thereunder. <br />All notices and delivery of documents and funds required in these Joint Escrow Instructions shall <br />be to the following: <br />To City: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Manager <br />Email: (email address) <br />With copy to: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Attorney <br />Email: (email address) <br />And: Burke Williams & Sorensen, LLP <br />1901 Harrison Street, 9t' Floor <br />Oakland, California 94612 <br />Attn: Gerald J. Ramiza <br />Email: jramiza@bwslaw.com <br />To HCP: Andrew R. Cressman <br />Vice President <br />Healthpeak, Inc. <br />3000 Meridian Boulevard, Suite 200 <br />Franklin, TN 37067 <br />Email: dcressman@healthpeak.com <br />To MetLife: Metropolitan Life Insurance Company <br />425 Market Street, Suite 1050 <br />San Francisco, CA 94105 <br />Attn: Asset Manager — Seaport <br />Attachment 2 to Exhibit C <br />OAK #4846-4218-3288 v15 <br />05674-0058 <br />Page 4 <br />296 <br />
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