My WebLink
|
Help
|
About
|
Sign Out
03
City of Pleasanton
>
CITY CLERK
>
AGENDA PACKETS
>
2016
>
030116
>
03
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/25/2016 4:13:47 PM
Creation date
2/25/2016 4:13:05 PM
Metadata
Fields
Template:
CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
3/1/2016
DESTRUCT DATE
15Y
DOCUMENT NO
03
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
205
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
transactions contemplated by this Agreement shall be true and correct in all material respects as <br /> of the Close of Escrow. <br /> (c) Due Authorization and Good Standing. Developer shall have delivered to <br /> City of each of the following: (i) LP-1 and certificate of good standing, certified by the <br /> Secretary of State indicating that Developer is properly organized and authorized to do business <br /> in the State of California, (ii) LLC-1 and certificate of good standing for Developer's general <br /> partner, and certified articles of incorporation and certificate of good standing for the sole <br /> member/manager of the general partner, certified by the Secretary of State indicating that the <br /> general partner and the sole member/manager thereof are properly organized and authorized to <br /> do business in the State of California, (iii)certified resolutions indicating that Developer's <br /> general partner and the sole member/manager of Developer's general partner,have authorized <br /> the transactions contemplated by this Agreement and that the persons executing this Agreement <br /> and the other City Documents on behalf of Developer have been duly authorized to do so, (iv) <br /> Developer's Partnership Agreement, the general partner's operating agreement, and the bylaws <br /> of the general partner's sole member/manager, each certified as current, accurate and complete <br /> by an authorized officer, and(v) verification of the tax-exempt status of the general partner's <br /> sole member/manager. <br /> (d) Intentionally omitted.. <br /> (e) Execution, Delivery and Recordation of Documents. Developer shall have <br /> executed, acknowledged as applicable, and delivered to City this Agreement, and all other <br /> documents required in connection with the transactions contemplated hereby, including without <br /> limitation, the Memorandum,the City HOME Deed of Trust, a promissory note substantially in <br /> the form attached hereto as Exhibit B (the"Note"), a deed of trust substantially in the form <br /> attached hereto as Exhibit C (the "Deed of Trust"), and an Affordable Housing Regulatory <br /> Agreement and Declaration of Restrictive Covenants substantially in the form attached hereto as <br /> Exhibit D (the "Regulatory Agreement"). Concurrently with the Closing,the Memorandum, <br /> the Regulatory Agreement, the City HOME Deed of Trust and the Deed of Trust shall be <br /> recorded in the Official Records. <br /> (f) Mechanics' Liens. Developer's delivery to City of evidence reasonably <br /> satisfactory to City that there are no mechanics' liens or stop notices related to the Property or <br /> the Project, and Developer's provision to City of full waivers or releases of lien clams if required <br /> by City. <br /> (g) Lender's Title Policy. The Title Company shall, upon payment of the <br /> premium therefor, be committed to issue an ALTA Lender's Policy of Title Insurance for the <br /> benefit and protection of City("Lender's Title Policy") in the amount of the Loan, insuring that <br /> the lien of the Deed of Trust, the HOME Deed of Trust, and the Regulatory Agreement are <br /> subject only to title exceptions and such other defects, liens, conditions,encumbrances, <br /> restrictions, easements and exceptions as City may reasonably approve in writing(collectively, <br /> "City's Permitted Exceptions"), showing a leasehold interest in the Property vested in <br /> Developer, and containing such endorsements as City may reasonably require, with the cost of <br /> such Lender's Title Policy to be paid by Developer. <br /> OAK#4822-6539-6013 v3 11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.