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Release of Development Agreement 1992-0198207RECORDING REQUESTED BY: 16 DOC f-! j L 07 —fiI�- , -199" 08: « nM CITY OF POWAY ) 1272 OFFICIRL RECORDS AND WHEN RECORDED MAIL TO: j SAN DIEGO COUNTY RECORDER'S OFFICE ANNETTE EVANS, COUNTY RECORDER City Clerk ) RF: 3.00 FEES: 5.00 City of Poway ) AF. 1.00 P. O. Box 789 ) MF: 1.00 Poway, CA 920740789 ) i 1 SPACE ABOVE LINE FOR RECORDER'S USE RELEASE OF DEVELOPMENT AGREEMENT (Government Code § 65868.5) The CITY OF POWAY (hereinafter "City ") hereby declares as follows: 1. The following described real property is the subject of this Release (hereinafter "Subject Property "): Parcel 106 of Parcel Map No. 16320 in the City of Poway, County of San Diego, State of California, filed in the Office of the County Recorder of San Diego County. 2. All building and related improvements within all phases of the development known as PARKWAY BUSINESS CENTRE with respect to the above - described lot have been completed. 3. Upon the request of the owner of the Subject Property and pursuant to the terms of that certain Development Agreement executed between the City and owner's predecessor in interest dated September 5, 1988, and recorded December 8, 1988, as File No. 88- 630853 of the official records of the Recorder of San Diego County, said Development Agreement is hereby determined to be canceled, released, and of no further force or effect as to the Subject Property only. 4. This Release shall be binding upon and inure to the benefit of each of the parties to the Development Agreement, and their successors in interest. EXECUTED at Poway, California, on the date set forth below. CITY OF POWAY Dated: By JAM S L. BOWERSOX, State of California ) ss. 'G�,t_y Manager County of San Diego ) On this the lst day of April 1992, before me, Nancy N. Neufeld, the undersigned Notary Public, personally appeared James L. Bowersox, personally known to me to be the person who executed the within instrument as City Manager on behalf of the City therein named, and acknowledged to me that the City executed it. OFFICIAL WITNESS my hand and official seal. SEAL NANCY N NEUFELD . Notary Pu51Io- CaRomia SAN DIEGO COUNTY lot y' S n ure ,• " 1* Camm. Exp. Dm ?1.19912