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Ord. 2547
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Ord. 2547
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Last modified
6/10/2025 11:37:54 AM
Creation date
6/10/2025 11:35:15 AM
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Regular
Date
5/12/2025
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PRELIMINARY REPORT Commonwealth Land Title Company. <br />Your Reference: 09175421-CG Order No.: 982-30089177-F-JE1 <br />EXCEPTIONS <br />(Continued) <br />CLTA Preliminary Report Form – Modified (11/17/06) Page 8 <br />19. The Company will require the following documents for review prior to the issuance of any title insurance <br />predicated upon a conveyance or encumbrance from the entity named below: <br /> <br />Limited Liability Company: KM-ECR, LLC a Delaware limited liability company <br /> <br />a) A copy of its operating agreement, if any, and all amendments, supplements and/or modifications <br />thereto, certified by the appropriate manager or member. <br /> <br />b) If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendments <br />thereto with the appropriate filing stamps. <br /> <br />c) If the Limited Liability Company is member-managed, a full and complete current list of members <br />certified by the appropriate manager or member. <br /> <br />d) A current dated certificate of good standing from the proper governmental authority of the state in <br />which the entity is currently domiciled. <br /> <br />e) If less than all members, or managers, as appropriate, will be executing the closing documents, <br />furnish evidence of the authority of those signing. <br /> <br />f) If Limited Liability Company is a Single Member Entity, a Statement of Information for the Single <br />Member will be required. <br /> <br />g) Each member and manager of the LLC without an Operating Agreement must execute in the <br />presence of a notary public the Certificate of California LLC (Without an Operating Agreement) <br />Status and Authority form. <br /> <br />20. This Company will require the following documents for review prior to the issuance of any title insurance <br />predicated upon a conveyance or encumbrance by the corporation named below. <br /> <br />Name of corporation: Abode Communities, a California nonprofit public benefit corporation <br /> <br />a) A copy of the corporation By-laws and Articles of Incorporation. <br />b) An original or certified copy of the resolution authorizing the subject transaction, together with a <br />Certificate of Compliance pursuant to Section 5912 or 7912 Corporations Code. <br />c) If the Articles and/or By-laws require approval by a “parent” organization, a copy of those By-laws <br />and Articles of Incorporation is required. <br /> <br />The Company reserves the right to add additional items or make further requirements after review of the <br />requested documentation. <br /> <br />21. The transaction contemplated in connection with this Report is subject to the review and approval of the <br />Company’s Corporate Underwriting Department. The Company reserves the right to add additional items <br />or make further requirements after such review. <br /> <br />END OF EXCEPTIONS <br />ATTY/ORD.0002/CC ORD APPROVING DEVELOPMENT AGREEMENT (901 EL CAMINO REAL) - EXHIBIT A <br />REV: 04-23-25 VR <br /> <br />Page 131 of 336
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