Agmt 2007 Estabrook Senior Housing LP etc

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Recording requested by and when recorded mail to: Redevelopment Agency of the City of San Leandro 835 East 14`h Street San Leandro, CA 94577 Attention: Executive Director EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE §§6103, 27383 above this line for Recorder's use. CERTIFICATE OF COMPLETION This Certificate of Completion (the "Certificate") is made by the Redevelopment Agency of the City of San Leandro, a public agency (the "Agency") effective as of 20 RECITALS A. Agency and Estabrook Senior Housing , L.P., a California limited partnership (the "Developer") entered into that certain Owner Participation and Loan Agreement (the "OPA") dated as of , 2007 concerning the redevelopment of certain real property located on East 14th Street in the City of San Leandro, California and more fully described in Exhibit A attached hereto (the "Property"). A Memorandum of the OPA was recorded in the Official Records of Alameda County as Instrument No. ,Book ,Page Capitalized terms used herein without definition shall have the meaning ascribed to such terms in the OPA. B. Pursuant to Section 3.15 of the OPA, the Agency is required to furnish the Developer or its successors with a Certificate of Completion upon completion of construction of the Project in accordance with the OPA and issuance by the City of San Leandro of a Certificate of Occupancy for the Improvements. C. The Agency has determined that the Improvements and the Project have been satisfactorily completed in accordance with the OPA. NOW, THEREFORE, Agency hereby certifies as follows: 1. The Project and the Improvements have been satisfactorily completed in conformance with the OPA. 2. All use, maintenance and nondiscrimination covenants contained in the OPA shall remain in effect and enforceable in accordance with the OPA. This Certificate does not constitute evidence of Developer's compliance with those 956231-3