|
PURCHASE AND SALE AGREEMENT
<br />This PURCHASE AND SALE AGREEMENT ("Agreement") dated for reference
<br />purposes only , 202_, is entered into by and among the CITY OF REDWOOD
<br />CITY, a California municipal corporation ("City" or "Buyer") and HCP LS REDWOOD CITY,
<br />LLC, a Delaware limited liability company ("HCP"), METROPOLITAN LIFE INSURANCE
<br />COMPANY, a New York corporation ("Met Life"), and SEAPORT CENTRE OWNERS'
<br />ASSOCIATION, a California corporation ("SCOA" and, collectively with HCP and Met Life,
<br />the "Seller"). City, HCP, Met Life and SCOA may be collectively referred to herein as a
<br />"Party," and collectively as the "Parties."
<br />RECITALS
<br />A. Met Life is the fee owner of that certain property located on Seaport Peninsula
<br />known as Seaport I comprised of Assessor Parcel Numbers 054-321-010, 054-321-020, 054-321-
<br />030, 054-321-040, 054-321-050, 054-321-060, 054-321-070, 054-320-080, 054-320-090, 054-
<br />320-100, 054-320-110, 054-320-140 ("Seaport V), that certain property located on Seaport
<br />Peninsula known as Seaport II comprised of Assessor Parcel Numbers 054-320-210, 054-320-
<br />220, 054-320-230, 054-320-240, 054-320-160, 054-320-250, 054-320-260 and 054-320-300
<br />("Seaport II"), and that certain property located on Seaport Peninsula comprised of Assessor
<br />Parcel Numbers 054-320-190 and 054-320-200 ("Parcels 19 and 20"). Seaport I, Seaport 11,
<br />and Parcels 19 and 20 are collectively referred to herein as "Met Life Seaport Centre".
<br />B. HCP is the fee owner of that certain property located on Seaport Peninsula known
<br />as "Seaport III" comprised of Assessor Parcel Numbers 054-320-310, 054-320-320, 054-320-
<br />330, 054-320-340, 054-320-350, 054-320-360, 054-320-370, 054-320-380, and 054-320-390,
<br />and "Seaport IV" comprised of Assessor Parcel Numbers 054-320-400, 054-320-410, 054-320-
<br />420, 054-320-430, 054-320-440, 054-320-450, and 054-320-460 (collectively, "HCP Seaport
<br />Centre") and that certain property located on Seaport Peninsula known as Seaport Plaza
<br />comprised of Assessor Parcel Number 054-320-540 ("Seaport Plaza"). For the purposes of
<br />clarification only, the Met Life Seaport Centre and the HCP Seaport Centre collectively may be
<br />referred to as "Seaport Centre". Seaport Centre and Seaport Plaza are collectively referred to in
<br />this Agreement as the "Property".
<br />C. SCOA is a nonprofit mutual benefit corporation, incorporated under the laws of
<br />the State of California, with authority to act on behalf of Met Life and HCP with regard to
<br />Seaport Centre and Seaport Plaza in accordance with the Master Declaration of Covenants,
<br />Conditions and Restrictions for Seaport Centre San Mateo County, California recorded October
<br />6, 1987 in the Official Records of San Mateo County as Instrument No. 87153374, as amended
<br />by the First Amendment to Master Declaration of Covenants, Conditions and Restrictions for
<br />Seaport Centre San Mateo County, California recorded April 30, 1990 in the Official Records of
<br />San Mateo County as Instrument No. 90057593; the Second Amendment to Master Declaration
<br />of Covenants, Conditions and Restrictions for Seaport Centre San Mateo County, California
<br />recorded December 22, 1997 in the Official Records of San Mateo County as Instrument No. 97-
<br />168756; and the Supplemental Declaration and Third Amendment to Master Declaration of
<br />Covenants, Conditions and Restrictions for Seaport Centre San Mateo County, California
<br />OAK #4819-4834-1908 v20 Exhibit C Page I
<br />
|