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AgdaPkt 2020-11-09 Joint SA PFA
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AgdaPkt 2020-11-09 Joint SA PFA
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Last modified
11/16/2020 8:53:43 AM
Creation date
11/5/2020 6:29:34 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
11/9/2020
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8.A. - Page 216 of 302 <br />10.1.9. Other. Such other documents and instruments, signed and properly <br />acknowledged by Seller, if appropriate, as may be reasonably required by Buyer, Title Company <br />or otherwise in order to effectuate the provisions of this Agreement and the Closing of the <br />transactions contemplated herein, including, without limitation, reasonable or customary title <br />affidavits and indemnities required by Title Company to issue the Owner's Title Policy. <br />10.2. Deliveries By Buyer. <br />In time sufficient to permit the Closing on the scheduled Closing Date (in no event <br />later than one (1) Business Day in advance), Buyer, at its sole cost and expense, shall deliver or <br />cause to be delivered into Escrow the following: <br />10.2.1. Balance, Prorations & Closing Costs. The balance of the Cash Purchase <br />Price and Buyer's share of prorations and Closing Costs; <br />10.2.2. Bill of Sale and Assignment. Two (2) original counterparts of the Bill of <br />Sale and Assignment, each executed by Buyer; and <br />issuer. <br />10.2.3. Letter of Credit. The original Letter of Credit validly executed by the <br />10.2.4. Guaranty. The original Guaranty fully executed by the Guarantor. <br />10.2.5. Option to Purchase. The original executed and acknowledged counterparts <br />of the Option to Purchase. <br />10.2.6. Affordability Restriction for Parcel F. The original executed and <br />acknowledged Parcel F Affordable Housing Restriction. <br />10.2.7. California FTB Form 593. An original California FTB Form 593 executed <br />by Buyer. <br />10.2.8. Other. Such other documents and instruments, signed and properly <br />acknowledged by Buyer, if appropriate, as may reasonably be required by Title Company or <br />otherwise in order to effectuate the provisions of this Agreement and the closing of the transactions <br />contemplated herein. <br />10.3. Deliveries Outside of Escrow. <br />Seller shall deliver possession of the Property to Buyer upon the Closing. Further, <br />Seller hereby covenants and agrees, at its sole cost and expense, to deliver or cause to be delivered <br />to deliver to Buyer, on or prior to the Closing, the following items: <br />10.3.1. Service Contracts. A fully executed copy or, if in Seller's possession or <br />control, the fully executed original, of any Service Contract being assumed by Buyer and any <br />amendment, modification, supplement and restatement thereto; <br />ATTY/AGR/2020.257/REDWOOD CITY GREYSTAR PURCHASE & SALE AGREEMENT 1306 MAIN ST <br />REV: 11-05-2020 VR <br />1199\11\2925009.5 <br />Page 20 of 84 <br />372 <br />
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