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Packet 05022022
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Last modified
5/10/2022 4:07:54 PM
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5/10/2022 4:07:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/2/2022
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Reso 2022-063 Loan to Abode Communites for 72 Unit affordable housing dev
(Approved by)
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\City Clerk\City Council\Resolutions\2022
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<br /> <br /> <br />5055770.1 33 <br />EXHIBIT B <br />FORM OF CERTIFICATE OF COMPLETION <br /> <br />CERTIFICATE OF COMPLETION <br />Recording requested by <br />and when recorded mail to: <br /> <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Attention: City Clerk <br /> <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br /> <br /> Space above this line for Recorder’s use. <br /> <br /> CERTIFICATE OF COMPLETION <br />(15101 Washington Avenue ) <br /> <br /> This Certificate of Completion (this “Certificate”) is made by the City of San Leandro, a <br />California charter city (“City”) effective as of ___________. <br /> <br />RECITALS <br /> <br /> A. City and WASHINGTON AVENUE, L.P., a California limited partnership <br />(“Owner”) entered into that certain Loan Agreement dated as of _________, 2022 (the “Loan <br />Agreement”) regarding the development of a residential housing project on property located at <br />15101 Washington Avenue, San Leandro, California, also known as Assessor’s Parcel Numbers <br />____________________, as more particularly described on Exhibit A attached hereto and <br />incorporated herein (the “Property”). Capitalized terms used herein without definition shall <br />have the meaning ascribed to such terms in the Loan Agreement. <br /> <br /> B. Pursuant to Section 3.15 of the Loan Agreement, the City is required to furnish <br />the Owner or its successors with a Certificate of Completion upon completion of construction of <br />the Project, issuance of a final Certificate of Occupancy by the City, and written request in <br />accordance with the Loan Agreement. <br /> <br /> C. The City has determined that construction of the Project has been satisfactorily <br />completed in accordance with the Loan Agreement. <br /> <br /> NOW, THEREFORE, Agency hereby certifies as follows: <br /> <br /> 1. Development of the Project has been satisfactorily completed in conformance <br />with the Loan Agreement.
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