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Agmt13 Redwood City Partners, LLC
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Agmt13 Redwood City Partners, LLC
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Last modified
8/1/2013 10:36:57 AM
Creation date
8/1/2013 10:20:49 AM
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Agreement
Contractor Name
Redwood City Partners, LLC
PROJECT NAME
Disposition and Development Agmt, Block 2, Redwood Tower Project, 950 Middlefield Rd
RMP File Number
304
Date
7/30/2013
Reso Ref
15289
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6. Zoning of the Site. The City shall use its Completed. <br /> best efforts to cause the zoning of the <br /> Site to be such as to permit the <br /> development and construction of <br /> improvements in accordance with this <br /> Agreement and the use, operation and <br /> maintenance of such improvements. <br /> 7. Submission—Evidence of Equity Capital Prior to Close of Escrow. <br /> and Mortgage Financing. The Developer <br /> shall submit to the City for review and <br /> approval evidence of equity capital and <br /> mortgage financing necessazy for <br /> acquisition and development of the Site. <br /> 8. Approval — Evidence of Equit�Ca�ital Within 10 days after receipt thereof by the <br /> and Mort�age Financing. The City shall City. <br /> approve or disapprove the Developer's <br /> evidence of equity capital and mortgage <br /> financing. <br /> 9. Delivery of Due Dili�ence Notice. Within 180 days after Effective Date. <br /> Developer shall delivery its Due <br /> Diligence Completion Notice to City and <br /> ' Escrow Agency <br /> ' 10. Deposit of Purchase Price and Other Prior to the date set forth herein for the close <br /> Required Sums. The Developer shall of escrow. <br /> deposit the Purchase Price and other <br /> required sums into escrow. <br /> 11. Recordation of Final Pazcel Map for City Prior to the date set forth herein for the close <br /> Property. The City shall record a Final of escrow. <br /> Pazcel Map for the City Property in <br /> substandal and material conformance <br /> with the Metes and Bounds description <br /> set forth in Exhibit A to this Agreement. <br /> 12. Deposit of Grant Deed. The City shall Prior to the date set forth herein for the close <br /> deposit the grant deed for the City of escrow. <br /> Property into escrow. <br /> Exhibit"D" <br /> Performance Schedule <br /> Page 2 <br /> 2013.118BLOCK 2 HUNTER STORM <br /> REV:07-26-13 PT <br />
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