Certificate of Completion 1996-0105342
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OFFICIAL RECORDS
~Jl;H DIEGO COUHTY RECOr:DE~:! OFF LE
GREGDRY SMITH, CDUNTY RE OROE
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poway Redevelopment Agency
13325 civic Center Drive
Poway, California 92064
Attn: Executive Director
CERTIFICATE OF COMPLETION
WHEREAS, by an Owner Participation Agreement (the
"Agreement") dated November 27, 1990, entered into by and between
the POWAY REDEVELOPMENT AGENCY, a public body, corporate and
politic, (hereinafter referred to as the "Agency") and WAL-MART
STORES, INC., a Delaware corporation (the "Participant"), the
Participant has developed the real property (the "Property"),
legally described on Exhibit "A" and has completed the
construction of the improvements thereon according to the terms
and conditions of the Agreement; and
WHEREAS, pursuant to Section 306 of the Agreement, after
completion of all work of construction to be completed by the
Participant upon the Property, the Agency shall furnish the
participant with this certificate, evidencing satisfaction by the
participant of all construction and other obligations pursuant to
the Agreement (this "Certificate of Completion") upon written
request therefore by the participant; and
WHEREAS, the issuance by the Agency of the Certificate of
Completion shall be conclusive evidence that the Participant has
completed construction of the Participant Improvements in
accordance with the Agreement; and
WHEREAS, the Participant has requested that the Agency
furnish the Participant with the Certificate of Completion; and
WHEREAS, the Agency has conclusively determined that the
construction of the participant Improvements required by the
Agreement has been satisfactorily completed.
NOW, THEREFORE, THE AGENCY AND THE PARTICIPANT AGREE AS
FOLLOWS:
Page 1 of 2
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,
940
1. The Agency hereby acknowledges that the Participant has
Constructed the Participant Improvements on the Property and has
otherwise constructed improvements on the property in accordance
with the Redevelopment Plan and pursuant to the terms and
provisions of the Agreement.
2. The Participant, on behalf of itself and its
successors, assigns, and each successor in interest to the
Property or any part thereof, hereby covenants and agrees that
those "Participant Covenants" recorded on September 16, 1992 at
Book 1992, Page 0586314 of the official land records of the
County of San Diego shall remain in full force and effect.
3. This certificate of Completion shall not constitute
evidence of compliance with or satisfaction of any obligation of
the Participant to any holder of a mortgage, or any insurer of a
mortgage, securing money loaned to finance the work of
rehabilitation, construction, and development of the Participant
Improvements on the Property, or any part thereof. This
certificate of Completion is not a notice of completion as
referred to in section 3093 of the California civil Code.
IN WITNESS WHEREOF, the Agency and the Participant have
executed this Certificate of Completion.
Date: '1~ ~ b ,
1996
POWAY REDEVELOPMENT AGENCY
BY'~IJ;)1~A~
Ex cut~ve Direct
ATTEST:
1'r1~1L:v K AJ~ 1:...
secr,tary to the Poway
Rede~~pment Agency
ACCEPTED:
By:
Page 2 of 2
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. CALIFORNIA ALL~PURPOS': ACKNOWLEDGMENT
J
941
State of _.f:+r..J:.~<,C.L S.
County of ~Q~
On --<LI-01l-1o~,~ .
personally appeared ~.~ ~C\ t...Lol'--Q
C,...)hmo(s}otSlgnor(s)
~erSOnallY known to me - OR - 0 proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s) is/are subscribed to the within instrument
and acknowledged to me that he/she/they executed the
same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s),
or the entity upon behalf of which the person(s) acted,
executed the instrument.
before me, ~ U\ -.S, Wa. \,
Name and Title 01 OlflcQr(og
No
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.. NOTARY SEAL"
Karen S, Wall, Notary Public
Benton County, State of Arkansas
My Commission Expires 9/21/2005,.
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WITNESS my hand and official seal.
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OPT/ONAL
TflOlIg/l tfle information below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
Signer's Name:
[] Individual
o Gorporate Officer
Title(s):
[] Partner - 0 Limited [] General
[] Attorney-in-Fact
[] Trustee
[] Guardian or Conservator
o Other: Top 01 thumb here
D Individual
o Corporate Officer
Title(s):
[I Partner - [] Limited 0 General
[] Attorney-in.Fact
]J Trustee
IJ Guardian or Conservator
o Other: lop of thumb here
RIGHT THUMBPRINT
OF SIGNER
Signer Is Representing:
Signer Is Representing:
@ 1994 N<ltional Notnry Association. 8236 RemrnetAve., P.O_ Box "1184' Canoga Pmk, CA 91309.7164
Prod, No, 5907
Reorder: Cilll Toll.Frcc 1.800,876-6827
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EXHIBIT "A"
"Legal Description of the Affected Property"
A portion of the southwest quarter of the northeast quarter of
Section 13, Township 14 South, Range 2 West, San Bernardino Base
and Meridian, in the County of San Diego, State of California.
EXHIBIT "An
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