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80A - SETTLEMENT AGMT FINAL VERSION
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80A - SETTLEMENT AGMT FINAL VERSION
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Last modified
1/3/2012 3:47:44 PM
Creation date
4/20/2011 3:07:37 PM
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City Clerk
Doc Type
Agenda Packet
Date
4/18/2011
Destruction Year
2016
Notes
FINAL VERSION
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ATTACHMENT NO. S <br />RECORDING REQUESTED BY ) <br />AND WHEN RECORDED MAIL TO: } <br />} <br />} <br />Attention: ) <br />This document is exempt from the <br />payment of a recording fee pursuant to <br />Government Code Section 27383. <br />RELEASE OF CONSTRUCTION COVENANTS <br />This <br />CITY OF <br />below. <br />RELEASE OF CONSTRUCTION COVENANTS (the "Release") is made as of <br />,20- by the COMMUNITY REDEVELOPMENT AGENCY OF THE <br />SANTA ANA, a public body corporate and politic (the "Agency"), in favor of <br />(the "Developer"), as of the date set forth <br />RECITALS <br />A. The Agency and the Developer have entered into that certain Disposition and <br />Development Agreement (the "DDA") dated , 2010, concerning the <br />redevelopment of certain real property situated in the City of Santa Ana, California as more fully <br />described in Exhibit "A" attached hereto and made a part hereof. <br />B. As referenced in Section 313 of the DDA, the Agency is required to furnish the <br />Developer or its successors with a Release of Construction Covenants upon completion of <br />construction of the Developer Improvements (as defined in Section 100 of the DDA), which Release <br />is required to be in such form as to permit it to be recorded in the Recorder's office of Orange <br />County. This Release is conclusive determination of satisfactory completion of the construction and <br />development required by the DDA and the Grant Deed. <br />C. The Agency has conclusively determined that such construction and development has <br />been satisfactorily completed. <br />NOW, THEREFORE, the Agency hereby certifies as follows: <br />1. The Developer Improvements to be constructed by the Developer with respect to <br />Phase have been fully and satisfactorily completed in conformance with the DDA. <br />2. Nothing contained in this instrument shall modify in any other way any other <br />provisions of the DDA_ <br />ATTACHMENT NO. 6-1 <br />DO C S O G 1400673 v 14/200272-0001
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