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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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City Clerk
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Agenda Packet
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Clerk of the Council
Item #
68
Date
6/21/2022
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<br />18 <br />The Crossroads at Washington <br />City HOME Deed of Trust <br />(e) to Trustor’s knowledge, no underground storage tanks of any kind are or <br />ever have been located in or about the Property; <br />(f) the Property and all of Trustor’s contemplated operations and activities at, <br />and Trustor’s contemplated use and occupancy of, the Property comply with all applicable <br />Hazardous Substance Laws; <br />(g) Trustor is now in strict compliance with, every permit, license, and <br />approval required by all applicable Hazardous Substance Laws for all activities and operations <br />at, and the use and occupancy of, the Property; <br />(h) to Trustor’s knowledge, there are no Hazardous Substance Claims pending <br />or threatened with regard to Property or against Trustor; <br />(i) to Trustor’s knowledge the Property has not been nor is it within 2,000 <br />feet of any other property designated as “hazardous waste property” or “border zone property” <br />pursuant to Health and Safety Code §§ 25220 et seq., and no proceedings for a determination of <br />this designation are pending or threatened; <br />(j) to Trustor’s knowledge, there exists no occurrence or condition on any <br />real property adjoining or within 2,000 feet of the Property that would cause the Property or any <br />part of it to be designated as “hazardous waste property” or “border zone property” under the <br />provisions of Health and Safety Code §§ 25220 et seq., and any regulation adopted in accordance <br />with that section; <br />(k) that the Trustor’s use of the Property shall be residential housing; <br />(l) to Trustor’s knowledge, any written disclosure submitted by or on behalf <br />of Trustor to Beneficiary concerning any Release or threatened Release, past or present <br />compliance by Trustor or other person of any Hazardous Substance Laws applicable to the <br />Property, the past and present use and occupancy of the Property, and an y environmental <br />concerns relating to the Property, was true and complete when submitted and continues to be true <br />and complete as of the date of this Deed of Trust. <br />As used in this Section 5.1, phrases such as “to Trustor’s knowledge,” shall refer to the <br />actual knowledge of the Trustor, and its agents, directors and other associates, without duty of <br />inquiry or investigation other than the ordering of a Phase I Environmental Assessment as <br />required pursuant to the Loan Agreement. <br /> 5.2. Covenants of Trustor. <br />Trustor agrees, except in the ordinary course of business and in strict compliance with all <br />applicable Hazardous Substance Laws, as follows: <br />(a) not to cause or permit the property to be used as a site for the use, <br />generation, manufacture, storage, treatment, Release, discharge, disposal, transportation, or <br />presence of any Hazardous Substance, other than Existing Hazardous Materials(as such term is <br />defined in the Ground Lease); <br />EXHIBIT 5
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