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Reso13 PC 13-14 2879 Planning Commission Recommending Approval of DDA for 950 Middlefield Road
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Reso13 PC 13-14 2879 Planning Commission Recommending Approval of DDA for 950 Middlefield Road
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Last modified
8/21/2013 8:37:52 AM
Creation date
8/21/2013 8:29:17 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
Planning Commission
Date
7/2/2013
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City Dr�ft <br /> 6/28113 <br /> 6. Zonin�of the Site. The City sha11 use its Completed. <br /> best efforts to cause the zoning of the <br /> Site to be such as to permit the <br /> development and constnzction of <br /> improvements in accordance with this <br /> Agreement and the use, operation and <br /> maintenance of such improvernents. <br /> 7. Submission—Evidence of Equity Canital Prior to Close of Escrow. <br /> and Mortga�e Financin;�. The Developer <br /> shall submit to the City for review and <br /> approval evidence of equity capital and <br /> mortgage fmancing necessary for <br /> acquisition and development of the Site. <br /> S. A�proval - Evidence of EcZuity Capital Witivn 10 days after receipt thereof by the <br /> and Mort�a�e Financing. The City shall City. <br /> approve or disapprove the Develo�er's <br /> evidence of equity capital and martgage <br /> f nancing. <br /> 9. Deli�°�rv of Due Diligence Natice. Wit.�in 180 days after Effectitie Date. <br /> Developer shall delivery its Due <br /> Diligence Completion Notice to City�and <br /> Escraw Agency <br /> f��. Denosit of Pnrchase Price and Other Prior to the date set forth herein for the close <br /> Required Sums. The Developer shall af escrow. <br /> deposit the Purchase Price and other <br /> requi.red sums into escrow. <br /> �:�. Recardarion of Final Parce3l Map for Prior to the date set forth herein for the close <br /> Citv Pxoperty. The City shall record a of escrow. <br /> Final Parcel Map for fhe City Property in <br /> substantial and material conformance <br /> with the Metes and Bounds descrip�ion <br /> set forth in Exhibit A to this Agreement_ <br /> 12. De osit of Grant Deed. The City skiall 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 /> E�►ibit"D" <br /> PerFormance Schedule <br /> Page 2 <br /> 82483.00009175�1312.10 <br />
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