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No. 2006-168740 in the Official Records, by and between the City and Original Developer,
<br />as amended by that certain First Amendment to Parking Facilities Agreement dated
<br />September 11, 2007, by and between the City and Successor Developer, that certain Second
<br />Amendment to Parking Facilities Agreement dated December 16, 2013, by and between
<br />the City and Successor Developer, and that certain Third Amendment to Parking Facilities
<br />Agreement dated September 25, 2025, by and between the City and Seller (as amended,
<br />modified and/or assigned from time to time, collectively, the "PFA")
<br />By executing this Estoppel Certificate (this "Certificate"), the City and the Successor Agency, as
<br />successor to the Agency, understand that BLOX REDWOOD ROW LLC, a Delaware limited
<br />liability company (`Buyer'), intends to purchase that certain real property commonly known as
<br />the "Shops at Broadway" and located at 825 Middlefield Road, Redwood City, California (the
<br />"Property") as more specifically described in Exhibit A attached hereto. The Property is subject to
<br />the REA and PFA and was previously subject to the terms and provisions of the DDA. In
<br />connection with the acquisition of the Property, Buyer seeks to obtain financing from EAST WEST
<br />BANI{ ("Lender") and title insurance from FIRST AMERICAN TITLE INSURANCE
<br />COMPANY ("Title Company"). In order to induce Lender to provide such financing and Title
<br />Company to issue its policy(ies) of title insurance with certain coverage requested by Buyer and
<br />Lender, the undersigned, on behalf of the City and the Successor Agency, hereby certifies to Buyer,
<br />Lender, Title Company, and each of their respective successors and/or assigns and any future
<br />owner of the Property, that the following statements are true as of the date hereof:
<br />1. 'The REA and PFA have not been amended, assigned or modified in any way (other than
<br />as expressly provided for above) and are both in full force and effect.
<br />2. To the best of City's knowledge, neither Seller nor the Property is presently in default of
<br />its obligations under the REA or PFA, and no event has occurred which, with the passage
<br />of time and/or giving of the requisite notice under the REA or PFA, would constitute such
<br />a default.
<br />3. There are no delinquent amounts due and owing by Seller under the REA or PFA and there
<br />are no liens, or claims for liens, by the City with respect to any portion of the Property.
<br />4. The City has no known claims, causes of action, suits, or judgments against Seller for any
<br />liabilities, damages, losses, costs, or fees (including reasonable attorneys' fees) arising in
<br />connection with Seller's obligations under the REA or PFA and/or the exercise of Seller's
<br />rights under the REA or PFA, including, without limitation, Seller's use of the Developer
<br />Easements.
<br />All conditions and obligations set forth under the DDA applicable to the Developer (as
<br />defined in the DDA) have been satisfied and the Project (as defined in the DDA) has been
<br />completed in conformance with the terms and provisions of the DDA. Notwithstanding the
<br />fact that the Certificate of Completion with respect to the Project has not been recorded in
<br />the Official Records, the City hereby confirms that the DDA has been terminated and is of
<br />no further force or effect; provided further, for the avoidance of doubt, that neither the
<br />Seller nor any future owner that acquires any interest in the Property will be bound by any
<br />representations, covenants, restrictions, terms, conditions, or any other provisions
<br />contained in the DDA and that any rights of the City or the Successor Agency to
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