RecDoc2025-059134 Quitclaim Deed (Seaport Centre Owners Association)

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EF -502 -A -R18-0523-41003340-2 BOE -502-A (P2) REV. 18 (05-23) PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: B. T e of transfer: Purchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE -100-B) ❑ Contract of sale. Date of contract: ❑ Inheritance. Date of death: ❑ Sale/leaseback ❑ Creation of a lease ❑ Assignment of a lease ❑ Termination of a lease. Date lease began. Original term in years (including written options)- Remaining term in years (including written options): Other. Please explain: @$sociation's relinquishment of interest in levee improvements neighbors & association builr— C. Only a partial interest in the property was transferred. ZYES ❑ NO If YES, indicate the percentage transferred: N/A -levees % PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Total purchase price $_1 2,507,893 B. Cash down payment or value of trade or exchange excluding closing costs Amount $- C. First deed of trust @ % interest for years. Monthly payment $ Amount $ ❑ FHA (_Discount Points) [:] Cal -Vet ❑ VA (_Discount Points) ❑ Fixed rate ❑ Variable rate ❑ Bank/savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: D. Second deed of trust @ % interest for years Monthly payment $ Amount $ ❑ Fixed rate ❑ Variable rate ❑ Bank/Savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: E. Was an Improvement Bond or other public financing assumed by the buyer? []YES ❑ NO Outstanding balance $ F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price $ G. The property was purchased: [—]Through real estate broker. Broker name;. Phone number: ❑ Direct from seller ❑ From a family member -Relationship ❑✓ Other. Please explain: see 23. City is reimbursing net hbors' costs to construct levee improvements with CFD taxes H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. City, association did not receive any of purchase price. City paid neiphborin property owners (association members) PART 4. PROPERTY INFORMATION Check and complete as applicable. A. Type of property transferred ❑ Single-family residence ❑ Co-op/Own-your-own Manufactured home ❑ Multiple -family residence. Number of units: ❑ Condominium ❑ Unimproved lot Other. Description: (Le., timber, mineral, water rights, etc.) ❑Timeshare ❑Commercial/industrial levee improvements _ B. ❑YES ❑ NO Personal/business property, or incentives, provided by seller to buyer are included in the purchase price. Examples of personal property are furniture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available. If YES, enter the value of the personal/business property: C. [—]YES FZj NO A manufactured home is included in the purchase price If YES, enter the value attributed to the manufactured home: []YES n NO The manufactured home is subject to local property tax If NO, enter decal number: D. ❑YES ❑ NO The property produces rental or other income. If YES, the income is from: © Lease/rent ❑ Contract ❑ Mineral rights ❑ Other: Incentives $ E. The condition of the property at the time of sale was: ZGood []Average Fair ❑Poor Please describe: CE137;IEICATION I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief. PORATE OF DATE ■ J/AJ6% "WV, ' NAME OF BUYER/TRANSFEREE/PERSONAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT)i TITLE Patrick Heisinger may contact you VIII III I IIIIIII II I II IIII I III IIIF II II,II zII I I340III II III I III II II II II II III Assistant City Manager of City ation regarding this trans. TELEPHONE ( 650 ) 780-7300 EMAILADDRESS pheisinger@redwoodcity.org