Res96 RD-96-07 - Laserfiche WebLink

Browse Search

FORM OF GRANT DEED Recording Requested by: Redevelopment Agency of the City of Redwood City After Recordation, Mail to: Mezes Court Associates 658 Bair Island Road, Suite 300 Redwood City, CA 94063 Attn: Fran Wagstaff GRANT DEBD For valuable consideration, the receipt of which is hereby acknowledged, THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, a public body, corporate and politic, of the State of California (herein called "Grantor"), acting to carry out the Redevelopment Plan (herein called "Redevelopment Plan") for the Main-Middlefield Redevelopment Project, under the Community Redevelopment Law of the State of California, hereby grants to METI~.S COURT ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP (herein called "Grantee"), the real property (the "Site") legally described in the document attached hereto, labeled Exhibit A, and incorporated herein by this reference. 1. The Site is conveyed subject to the Redevelopment Plan and pursuant to a Disposition and Development Agreement (the "DDA") entered into by and among the Grantor, the Grantee and the JHR Trust, and dated The Site is also conveyed subject to that certain Affordable Housing Covenant (the "Affordable Housing Covenant") executed by the Grantee in favor of the Grantor on , and to easements of record. 2. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Grantee shall not use the Site for other than the uses specified in the Redevelopment Plan. The Grantee hereby further covenants and agrees, for itself and its successors and assigns, that except for a child care facility which portion shall not exceed square feet, the Grantee shall use the Site for residential uses for affordable housing as specified in the DDA and subject to the provisions of the Affordable Housing Covenant.