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N-2026-061 <br /> 0:Pip (b) <br /> N1JVAli Po shigv 01 CERTIFICATE OF COMPLIANCE <br />�i�Ptzes►,Kpou�(Dz) <br /> THIS CERTIFICATE OF COMPLIANCE is made and entered into as of the date of <br /> signature below by THE CITY OF SANTA ANA, CALIFORNIA (the "City") to and for the <br /> benefit of MAINPLACE MF 2, LLC, a Delaware limited liability company ("Phase II MF <br /> Owner"), as Owner of the property described on Exhibit A ("Pro e "), and QR US FINANCE <br /> REIT LLC, a Delaware limited liability company("Lender"), and their respective successors and <br /> assigns (collectively, the "Reliance Parties"), with respect to (i) that certain Development <br /> Agreement No.2018-02 between MAINPLACE SHOPPINGTOWN,LLC("Original Owner"), <br /> and the City recorded on July 24, 2019 as Document No. 2019000265786 (the "Development <br /> Agreement"), and (ii) that certain Memorandum of Understanding between Original Owner and <br /> the City recorded on August 5,2025 as Document No. 2025000216793 (the"MOU"and,together <br /> with the Development Agreement, the "Agreements"). The City confirms to the Reliance Parties <br /> as of the date hereof as follows: <br /> 1. The ordinance approving and authorizing the Development Agreement is Ordinance No. <br /> NS-2967 (the "Ordinance"). Accordingly, the Effective Date of the Development <br /> Agreement is July 18, 2019 and the Initial Term will expire on July 18, 2029. <br /> 2. Each of the Agreements and the Ordinance is in full force and effect and has not been <br /> cancelled, terminated, modified, supplemented, amended or assigned in any way <br /> whatsoever. The City has not received any written notice from any Owner that such <br /> Owner has elected to terminate the Development Agreement in accordance with Section <br /> 6.4 thereof. All Conditions for Approval for Tentative Parcel Map No. 2018-01 attached <br /> as Exhibit A to the Ordinance (the "Conditions of Approval") have been satisfied in full <br /> except: those identified in Exhibit A to City Council Resolution No. 2019-041, attached <br /> hereto as Exhibit B, other than Items 4 and 14 listed therein which have been satisfied. <br /> 3. City has not received or given any notice of default under the Agreements, nor any notice <br /> of modification or termination pursuant to Section 5.4 of the Development Agreement, and <br /> each of the Phase II MF Owner, Original Owner, the other Owners, the Property, and the <br /> Project are in compliance with the Agreements in all material respects. <br /> 4. The entitlements for the Project in effect as of the date hereof are listed on Exhibit C <br /> ("Project Approvals"). To the best of the City's knowledge, all such Project Approvals are <br /> final and not subject to challenge or appeal. <br /> 5. There are no outstanding Permit Fees for permits issued as of the date hereof or <br /> Development Impact Fees owed by the Phase II MF Owner or the Property,and all amounts <br /> due from Phase II MF Owner,the Owners and/or relating to the Property and/or the Project <br /> under the Agreements have been, to date, paid. Additional Permit Fees and/or <br /> Development Impact Fees will be due and payable at such time as additional permits are <br /> issued by the City. <br /> ACTIVE/204769153.11 <br />