Laserfiche WebLink
'r <br />• • <br /> tp OG A p\ L~~y195587 V~I ~~f iV~' <br />/ ~~ , <br />" <br />7 <br /> . <br />' ~ <br />` a <br />b <br />~J <br />73 <br /> ~.- <br />` <br />Y QFFTCTWL W.E~ +~±:i)-; ~_;r F?I.1-ilk ~~7~+ .; ;~~,a ~ r <br /> pAT~2TCIt ~ `C.ONNEI~L <br />Recording Requested by RECQR[7SNG FEE: th cae~ <br />and when Recorded, return to: <br />~*~~L 1 F QPN\ <br />Redevelopment Agency of the i ~~ <br />i i ; ~ I ~, ~ { <br />; ~i , n <br />i <br />City of San Leandro (~ <br />~ ~ <br />~ ~~ i ~~ ) ~ <br />~ <br />? ~ i ~ f ~~ ~ ~ 111 <br />835 East 14`" Street \.~` ~ ~, ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ! „ , <br />I <br />~~~ <br />L <br />d <br />O 1 ~ <br />~ ~~ ~ ~ I ~ i ~ ~ ~~ <br />~ ~ <br />Attn: <br />c five Dir <br />Exe <br />ector pp~~~ <br />1' <br />EXEMPT FROM RECORDING FEES PER <br />~~ <br />GOVERNMENT CODE §§6103, 27383 <br />(SPACE ABOVE THIS LINE RESERVED FOR REGORDER'S USE) <br />MEMORANDUM OF OWNER PARTICIPATION AND LOAN AGREEMENT <br />This Memorandum of Owner Participation and Loan Agreement (this <br />"Memorandum") dated as of V~arc~ Z- , 2009, is entered into by and between the <br />Redevelopment Agency of the City of San Leandro, a public agency ("Agency"), and <br />Scribner Family Partnership, Ltd. a California Limited Partnership ("Owner"). Agency and <br />Owner are hereinafter collectively referred to as the "Parties." <br />1. Consistent with California Community Redevelopment Law (Health & Safety Code <br />Section 33000 et seq.) and the Redevelopment Plan for the West San Leandro-MacArthur <br />Boulevard Redevelopment Project Area ("Project Area"), the Parties have entered into that <br />certain Owner Participation and Loan Agreement dated as of the date hereof (the "OPA"), <br />pursuant to which Owner has agreed to undertake certain improvements to the real <br />property (the "Property") located within the Project Area and more particularly described in <br />Exhibit A attached hereto and incorporated herein by this reference. <br />2. Among other conditions, the OPA provides that (i) except as permitted by the OPA, <br />Owner shall not voluntarily or involuntarily make or attempt any total or partial sale, transfer, <br />conveyance, assignment or lease of the whole or any part of the Property or the <br />improvements located thereon without the prior written approval of the Agency; and (ii) any <br />transferee of all or part of the Property shall be subject to and shall expressly assume all of <br />the covenants, obligations and restrictions of the OPA which pertain to the portion of the <br />Property transferred, including without limitation, the maintenance obligations and use <br />restrictions set forth in the OPA. <br />3. The Parties have executed and recorded this instrument to give notice of the OPA <br />and the Regulatory Agreement, and the respective rights of the Parties thereunder. Copies <br />of the unrecorded OPA are available at the offices of the Agency, 835 East 14th Street, San <br />Leandro, California, and such document is incorporated by reference in its entirety in this <br />Memorandum. In the event of any inconsistency between this Memorandum and the OPA, <br />the OPA shall control. <br />1 1 723 95-2 Q ]. <br />Commercial Rehabilitation Loan Program <br />Owner Participation and Loan Agreement <br />Form: 12-3-08 <br />