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o, q(9 <br /> first American Title Co. ore, 2013395392 12/31/2013 11;20 AM <br /> U D <br /> ' 'Escrow #_(QCs-54ZS19- sM <br /> �� OFFICIAL RECORDS OF ALAMEDA COUNTY <br /> PATRICK O'CONNELL <br /> Cif sppH� RECORDING FEE: 0.00 <br /> RECORDING REQUESTED BY III I III III II 111111 I I II 5 PGS <br /> AND WHEN RECORDED MAIL TO: <br /> City of San Leandro <br /> 835 East 14th St. (No Fee <br /> San Leandro, CA 94577 1111- <br /> Attention: City Manager <br /> EXEMPT FROM RECORDING FEES <br /> Qdf PERGOVERNMENT CODE §§6103,27383 <br /> APNs: 077-0540-009 (SPACE.ABO\'E THIS LINE RESERVED FOR RECORDER'S USE) <br /> TERMINATION OF DEVELOPMENT AND DISPOSITION AGREEMENT <br /> BETWEEN THE CITY OF SAN LEANDRO AND THE REDEVELOPMENT <br /> AGENCY OF THE CITY OF SAN LEANDRO <br /> WHEREAS, the Redevelopment Agency of the City of San Leandro (the "Agency") and <br /> the City of San Leandro (the "City") entered into that certain Disposition and Development <br /> Agreement dated February 24, 2011 (the "DDA"), recorded as Instrument No. 2011-078219 in <br /> the official records of Alameda County, relating to, among other things, 1550 14th Avenue, <br /> known as APN, 077-0540-009 (the "Property"), as more particularly described in Exhibit A <br /> attached hereto; and <br /> WHEREAS, on June 29, 2011 the legislature of the State of California (the "State") <br /> adopted Assembly Bill xl 26 ("AB 26"), which amended provisions of the Redevelopment Law; <br /> and <br /> WHEREAS, on June 1, 2012 the City, as successor in interest to the Agency entered into <br /> a Disposition and Development Agreement with Innisfree Ventures II, LLC (the "Developer <br /> Agreement") for the conveyance of the City's interest in the Property; and <br /> WHEREAS, the Developer Agreement requires that the City terminate the DDA with <br /> respect to the Property; and <br /> WHEREAS, pursuant to AB 26 and the California Supreme Court decision in California <br /> Redevelopment Association, et al. v. Ana Matosantos, et al., which upheld AB 26, the Agency <br /> was dissolved on February 1, 2012; and <br /> WHEREAS, under AB 26 the City is the Successor Agency to the Agency; and <br /> WHEREAS, each of the Parties desire to terminate the DDA pursuant to this <br /> Termination of Disposition and Development Agreement by and between the City and the City <br /> as Successor Agency to the Agency (this "Termination Agreement"). <br /> NOW THEREFORE, in consideration of the mutual covenants'of the parties herein <br /> contained and other valuable consideration, the parties agree as follows: <br /> 2216143.1 1 <br />