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Purchase Agreement
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Seaport Centre Owner's Association - Purchase Agreement
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Purchase Agreement
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Last modified
11/18/2025 4:05:57 PM
Creation date
11/18/2025 4:00:50 PM
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Agreement
Contractor Name
HCP LS Redwood City, LLC Metropolitan Life Insurance Company Seaport Centre Owner's Association
RMP File Number
304
Date
10/23/2025
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BURKE, WILLIAMS &SORENSEN, LLP <br />Page 4 <br />by an authorized representative of SCOA, and properly acknowledged, <br />quitclaiming any interest SCOA may have in the levee improvements located <br />on the City's property identified as Assessor Parcel Numbers 054-320-040; <br />054-320-500 and 054-320-510; <br />Any additional documents that First American Title Company may reasonably <br />require from SCOA to satisfy its conditions for Closing. <br />You are requested and instructed to notify the Parties when each of the above- <br />described documents are received. The notification shall be by email to the Parties' <br />contacts specified below. <br />You are requested and instructed to consummate the Closing after all the above- <br />described documents and funds are deposited with Title Company, and all applicable <br />conditions of the Agreement have been satisfied or waived as specified in Section 2.1 of <br />the Agreement and confirmed by the Parties' Closing Notices, or on such other date as <br />the Parties may mutually agree in writing, but if the City approved the acceptance of the <br />Levee Assets at its July 21, 2025 meeting Closing shall be consummated no later than <br />July 28, 2025. <br />To consummate the Closing, you are requested and instructed to: <br />Insert the Closing Date in any undated closing documents, except that where a <br />blank references the Agreement you should insert the date of the Agreement. <br />Insert the date of the Second Amendment to Master Levee Agreement in the <br />HCP Deed, HCP Easement Deed, MetLife Deed, and MetLife Easement Deed <br />and in any other document where there is a date blank for the Second <br />Amendment to Master Levee Agreement. <br />Attach certificates of acceptance as follows: <br />a. Attach the original Certificate of Acceptance for the HCP Easement Deed to <br />the original HCP Easement Deed; <br />b. Attach the original Certificate of Acceptance for the HCP Deed to the original <br />HCP Deed; <br />c. Attach the original Certificate of Acceptance for the MetLife Easement Deed <br />to the original MetLife Easement Deed; <br />d. Attach the original Certificate of Acceptance for the MetLife Deed to the <br />original MetLife Deed; <br />e. Attach the original Certificate of Acceptance for the SCOA MetLife Quitclaim <br />Deed to the original SCOA MetLife Quitclaim Deed; <br />f. Attach the original Certificate of Acceptance for the SCOA HCP Quitclaim <br />Deed to the original SCOA HCP Quitclaim Deed; and <br />g. Attach the original Certificate of Acceptance for the SCOA City Quitclaim <br />Deed to the original SCOA City Quitclaim Deed. <br />2025.276 -SEAPORT PURCHASE AGREEMENT <br />REV: 10-15-25 VR <br />
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