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RecDoc 2022-011753- Regulatory Agreement
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RecDoc 2022-011753- Regulatory Agreement
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Last modified
3/14/2022 3:14:52 PM
Creation date
3/14/2022 3:14:01 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Regulatory Agreement and Declaration
Doc Num
2022-011753
Rec Date
2/8/2022
Address
1304 EL Camino Real
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6.9 Recording „and Filing. The City and the Owner shall cause this Agreement, and <br />all amendments and supplements to it, to be recorded against the Project in the Official Records <br />of the County of San Mateo prior to any liens, deeds of trust or other instruments securing any <br />monetary obligation of the Owner or recorded against the Project. This Agreement shall not be <br />subordinated to any liens, deeds of trust or other instruments recorded against the Project and <br />shall survive and remain effective as against any transferee acquiring the Project as a result of <br />any foreclosure or deed in lieu of foreclosure. <br />6.10 Governing Law. This Agreement shall be governed by the laws of the State of <br />California. Venue shall be the County of San Mateo. <br />6.11 Entire Understanding of the Parties. This Agreement constitutes the entire <br />Agreement between the Parties and no modification shall be binding unless reduced to writing <br />and signed by the Parties. <br />6.12 No Third Party Beneficiaries. There shall be no third party beneficiaries to this <br />Agreement. <br />6.12 Title of Parts and Sections. Any titles of the sections or subsections of this <br />Agreement are inserted for convenience of reference only and shall be disregarded in interpreting <br />any part of the Agreement's provisions. <br />6.13 Amendments. This Agreement may be amended only by a written instrument <br />executed by all the parties hereto or their successors in title, and duly recorded in the real <br />property records of the County of San Mateo, California. <br />6.14 Notice. Formal notices, demands, and communications between the City and the <br />Owner shall be sufficiently given if and shall not be deemed given unless dispatched by <br />registered or certified mail, postage prepaid, return receipt requested, or delivered by express <br />delivery service, return receipt requested, or delivered personally, to the principal office of the <br />City and the Owner as follows: <br />If to the Owner: GS HIP 1304 ECR, LP <br />450 Sansome Street, Suite 500 <br />San Francisco, CA 94111 <br />Attention: Jonathan Fearn <br />with copy to: Investor Limited Partner <br />c/o RSEP Holding, LLC <br />1100 Superior Avenue, Suite 1640 <br />Cleveland, OH 44114 <br />If to the City: Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attention: City Manager <br />REV: 01-19-2022 SK <br />ATTY/AGR.2022.005/GS HIP 1304 ECR, LP (Page 17 of 23) <br />
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