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Inst 2001161041
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Inst 2001161041
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Last modified
7/20/2012 5:21:51 PM
Creation date
9/13/2010 10:35:34 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
7/17/2000
Recorded Document Type
DDA
Deed of Trust
Retention
PERM
Document Relationships
Inst 2003395366
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2003
Inst 2003519999
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2003
Inst 2004047236
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2004
Inst 2004047239
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2004
RDA Reso 2000-025
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2000
Reso 2000-112
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2000
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which is incorporated herein by reference. The DDA generally requires the Developer to construct <br /> and operate a first- class, high quality office complex, including without limitation, three office <br /> buildings, a parking structure, and a plaza on the Property and improvements designated in the DDA <br /> as the "Adjacent City Property Improvements" on the "Adjacent City Property" (as described in the <br /> • DDA), all as more particularly described in the DDA and other requirements as set forth therein. All <br /> terms used herein shall have the same meaning as those used in the DDA. The Property is conveyed <br /> subject to the terms and conditions of the DDA, including without limitation the obligation of the <br /> Developer (and its successors) to develop on the Property a first -class office complex as more <br /> particularly provided in the DDA, the obligation of the Developer to develop certain specified <br /> improvements on the "Adjacent City Property" and to maintain such improvements, and certain <br /> obligations to indemnify and hold harmless the Agency under the Agreement, and the requirement <br /> that the Property, with all improvements thereon required by the DDA, shall be operated only with <br /> uses that have been approved by City and conform to all City land use approvals and all applicable <br /> laws (the Property, with such improvements thereon and operated only with such uses operating <br /> thereon, constituting a "Conforming Office Facility "). The Developer, as grantee hereunder, <br /> assumes all responsibility for and shall defend, indemnify and hold harmless the Agency, the City. <br /> and their respective officials, officers, employees and agents from and against any loss, claim, suit, <br /> demand, or damages arising from or in connection with the Adjacent City Property, the maintenance <br /> of the Adjacent City Property, or the improvement of the Adjacent City Property. The obligations of <br /> the Developer hereunder shall remain in effect until July 5, 2028 (the termination date of the <br /> Redevelopment Plan). <br /> 3. Permitted Uses and Duty to Maintain the Adjacent City Property. The <br /> Developer covenants and agrees for itself, its successors, its assigns, and every successor in interest <br /> to the Property or any part thereof, that upon the date of this Grant Deed as follows: <br /> (a) The Developer shall devote the Property to the use as a Conforming Office <br /> Facility as described herein for the periods of time set forth in Section 9 herein. All uses conducted <br /> on the Property, including, without limitation, all activities undertaken by the Developer pursuant to <br /> the DDA, shall conform to the DDA, the Redevelopment Plan and all applicable provisions of the <br /> City Municipal Code. The foregoing covenants shall run with the land. <br /> (b) The Developer hereby covenants and agrees on a continuous basis to devote <br /> the Property to the operation of a Conforming Office Facility. The foregoing covenants shall run <br /> with the land. <br /> (c) The Developer shall maintain the Adjacent City Property as provided in <br /> Section 4 hereof. <br /> The foregoing covenants shall run with the land. <br /> 4. Development and Maintenance of the Adjacent City Property and the Property. <br /> (a) Installation of Improvements; Maintenance. Developer shall install on the <br /> Adjacent City Property the "Adjacent City Property Improvements" as required to be accomplished <br /> by the Developer as to the Adjacent City Property under the DDA. Commencing as of its entry onto <br /> the Adjacent City Property and continuing until' July 5, 2028 (the termination date of the <br /> Redevelopment Plan), the Developer shall be responsible for maintenance of the Adjacent City <br /> Property, including without limitation, landscaping, sidewalks, watering, weeding, fertilizing, and <br /> C -2 <br /> DOCSOC174604 I v4 VA 25 8.0002 <br />
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