Laserfiche WebLink
1 <br /> <br />COMMERCIAL REHABILITATION LOAN AGREEMENT <br />(Commercial Rehabilitation Loan Program) <br /> <br /> This Commercial Rehabilitation Loan Agreement (this “Agreement”) is entered into <br />as of March 6, 2026 (the “Effective Date”) by and between EJU CO, Inc. (the “Owner”), <br />and the City of San Leandro, a California charter city (the “City”), referred to collectively as <br />the “Parties.” <br /> <br />RECITALS <br /> A. Owner owns the business at and is leasing a portion of the property located at <br />777 Davis Street, San Leandro, CA 94577 (the “Premises”) in the City of San Leandro, <br />known as Alameda County Assessor’s Parcel No. 075-0050-003-01, as more particularly <br />described and depicted in Exhibit A pursuant to a lease agreement dated January 7, 2026 <br />by and between Davis 777, LLC as landlord and Owner as Tenants (the “Lease”). <br />B. The City offers a Commercial Rehabilitation Loan Program (the “Program”) <br />wherein City provides loans for the rehabilitation of buildings citywide to qualifying <br />participants. <br />C. Owner operates the Premises, and desires to construct certain improvements <br />for the benefit of the Premises. <br />C. Owner has requested, and City has agreed to provide a loan in the amount of <br />Thirty Thousand Dollars ($30,000) (the “Loan”) pursuant to the terms and conditions set <br />forth in this Agreement, for the purpose of installation of countertops, painting, flooring and <br />tiling improvements to be located on the Premises, all in accordance with Exhibit B <br />attached hereto and incorporated herein by this reference (the “Project”). <br />D. The City has determined that (i) the Premises and the Project meet the <br />Program eligibility requirements, (ii) provision a loan for the Project is in the interests of the <br />health, safety and welfare of the residents of the City of San Leandro (“City”), and (iii) the <br />Loan is necessary to make the Project economically feasible. <br />E. Concurrently herewith Owner shall execute a promissory note (the “Note”) in <br />the amount of the Loan This Agreement and the Note are hereinafter referred to as the <br />“Loan Documents.” <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency <br />of which are hereby acknowledged, the Parties hereby agree as follows. <br /> <br /> <br />Docusign Envelope ID: 16604ABF-1E5B-4046-BDCC-4BD015B716C5