Laserfiche WebLink
Developer provided that the Developer builds the parking deck. If the parking <br /> deck is not built, the Agency has no obligation to loan the funds to the Developer. <br /> The loan is to be secured by a third trust deed on the property. The note will be <br /> due and payable immediately upon sale or refinance of the Project. <br /> 4. Repay Agency loan for land acquisition ("Adjacent Land Loan"), pursuant to the <br /> Agreement. The loan is to be secured by a second trust deed on the property. The <br /> note will be due and payable immediately upon sale or refinance of the Project. <br /> 5. The Developer will work with the Condominium Owners Association on aspects <br /> of the Project that affect the adjacent property on Carpentier Street. <br /> 6. The Developer will assume all responsibility for the environmental condition of <br /> the Site upon conveyance. <br /> 7. Pay all assessments payable, bear the cost of the title policy and property survey. <br /> S. Pay one -half of the conveyance and transfer taxes, recording fees, and escrow fees. <br /> 9. Assume all assessments and governmental fees related to the site, including the <br /> underground utility conversion fee and the City of San Leandro Development Fee <br /> for Street Improvements, (DFSI). This Developer obligation also includes funding <br /> of a traffic signal on San Leandro Boulevard as determined by the City's Traffic <br /> Engineer. <br /> Keyser Marston Associates, Inc. 07 (0'7 <br /> 19096.026\002 -002.doc Page 7 <br />