Loading...
Grant Deed 2003-1304225ter "� 22 3 3 9 DOC �' '003- 1304225 OPT 24, 2003 4:33 1='M R&6MingRequested by' ) OFFICIAL RECORDS Chicago Title.Company ) SAN DIEGO COUNTY',RECORDER'S OFFICE Mail Tax Statements toAnd ) GREGORY J. SMITH,- COUNTY RECORDER' When:Recorded; Iyfail .to: FEES" 0.00 Eoway Redevelopment Agency,'a public ) OC; OC body; - corporate and politic - Attn: Tina White )' I I��II� II�II ��III ��I�� IIII II���I III�� VIII ��III �I�I� II�I� II��I III III Revenue & Business Activity. Manager ) _ 2003 - 1304225 .13325 Civic Center Drive Poway, CA 92674 ) Title ;Order # 13071,336 U52 ) Escrow No: 13071336 MM AP-N 30' 232— 3°)l 1/1 `/Z Space Above for Recorder's Use Only zy 36�.yv GRANT DEED City of Poway iS exempts The undersigned,dedares that the documentary transfer•tax.is,$ t!tand'is computed on.the full.value of the tntecest;or :property "conveye&or is computed on the full value less the value of liens,or;encumbrances +fenuih ing'therebn at the time-of sale. 'FORA VALUABLE '.,CONSIDERATION;,receiptof which is hereby, acknowledged, Aida Shihadeh, a married woman hereby GRANT(S) to Poway Redevelopment, Agency,,a,pubhrbody;icorpo -rate and politic the following described real property in'the County of San Diego;; State of.Califomia: That .portion of the Northwest Quarter of;the Southwest Quarter of Section 23, :To,wnship;14; South,Range:2 West; San Bern ardino'Meridian, in,the, City of Poway, County'of San;Diego, State of, California; according,to'Uriifed States; Government Survey approve&September'11, 1879; as more described in Exhibit "A "'attached hereto -and by this reference. made; a part hereof: izev T—x. rl)(? / /`1ZZ. Dated: April 19, 2003, State of County of 11rtir1� e ,ryw F; ; tea_.: �> * 22t140 On A(2r: •1 IF 2003, before me, the undersigned, a Notary Public'in and for said State, personally appeared A •i c1..c.. IS;,'. 'ho- d e h rsonally known. to, me,or proven to me :on the, basis, of satisfactory evidence to be:•t)1e person(s)-whose:nune(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(§) acted, executed the instrument.. WITNESS rn hand.andqofficial seal. / KARL R. FR AN Notary PublWashtenaw Co., T My:Gomm. EZpires>June 9, 2003. _ State of_ County of On 2003, before me, the undersigned; a Notary Public in and for said State; .personally appeared rsonally known to me or proven 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 §ignature(§) on the `instrument'the °person(s), or the entity upon behalf of which the person(s) acted,, executed the instrument. 'WITNESS my °hand and.official seal.. t. 22341 Tage DESCRTON 6rde 1 PARCEL,.A:� (APN :817 232' - =22, 36, 4 "0) THAT' PORTION OF� THE :NORTHWEST.'QUARTER OF THE SOUTHWEST, QUARTER. OF SECTION 23,, TOWNSHIP 14, SOUTH,'RANGE12 WEST,,, SAN BERNARDINO MERIDIAN, IN:.THE CITY OF POWAY,. COUNTY. OF SAN DIEGO., STATE[OF CALIFORNIA, ACCORDING.TO UNITED STATES GOVERNMENT SURVEY�APPROVED- SEPTEMBER 11; 1879, DESCRIBED.AS FOLLOWS: COMMENCING AT A POINT ON THE EASTERLY LINEOF 'MISSION ROAD 1-A OPPOSITE OF ENGI_NEER'S STATION 339 +i 87.04 ACCORDING, TO 'THE MAP OF SAID MISSION ROAD 1 -.A, SAN DIEGO COUNTY.. HIGHWAY' COMMISSION, ON FILE IN' THE OFFICE OF THE COUNTY SURVEYOR OF SAZD COUNTY.; THENCE NORTHERLY ALONG SAID EASTERLY LINE WHICH IS 20.00 - FEET 'EASTERLY OF AND PARALLEL. WITH;THE CENTERLINE OF.SAID MISSION ROAD 'NORTH, =10 °,08'11'!. EAST; ;(RECORD NORTH 9'45''00'! EAST),38.24 FEET TO THE SOUTHWEST CORNER' OF THAT LAND DESCRIBED' INDEED TO R. J. ENTERPRISES LLC, 'A CALIFORNIA LIMITED LIABILITY COMPANY, RECORDED OCTOBER 1, 1997 AS DOCUMENT NUMBER 1997- 0489004 ' OF OFFICIAL RECORDS, SAID CORNER : BEING. .THE TRUE POINT OF BEGINNING; .THENCE CONTINUING ALONG SAID EASTERLY LINE NORTH.,10008.'11 "! EAST, 115.92 FEET. TO BEGINNING OF -A- '.TANGENT 720.'.00 FOOT.RADIUS,CURVE CONCAVE WESTERLY AND CONCENTRIC WITH'THE HEREIN BEFOR& MENTIONED CENTERLINE OF MISSION ROAD I -A; THENCE'NORTHERLY:,ALONG THE ARC OF SAID: CURVE THROUGH A CENTRAL ANGLE: OF 119,023'00" A DISTANCE`,OF 243..58 FEET: ' 'ITO THE:NORTHWESTERLY "CORNER OFTHAT,LAND DESCRIBED IN A.:DEED TO A.Z. DEAN', -RECORDED DECEMBER 5, 1925 IN BOOK 1149, PAGE 227 OF'tDEEDS; THENCE ALONG',THE NORTHERLY;LINE THEREOF SOUTH 820.11'36" EAST (RECORD'.SOUTH .82 °3;4 47; "EAST) , 158.00 .FEET TO :THE; NORTHEAST CORNER':OF THAT :PARCEL OF, LAND DESCRIBED; _,IN, - L PARCE "'A" OF A DEED' TO POMERADO CLUB-, INC., -A. CALIFORNIA' CORPORATION, RECORDED' APRIL 30,,, 1990 AS FILE NO'. 90- 233672 OF OFFICIAL RECORDS; THENCE SOUTH 04 °52'22!':EAST '(RECORD�'SOUTH 51 °15'33!',EAST), ALONG THE EASTERLY LINE OF•;SAID PARCEL "A!' TO AND ALONG_. THE, EASTERLY' LINE OF PARCEL "B ALSO OF THE LAST MENTIONED, DEED, 458..17 'FEET TO THE 'SOUTHEASTERLY CORNER; OF' SAID PARCEL "B ",SAID CORNER ALSO BEING THE SOUTHEASTERLY CORNER OF $AID.,LAND• DESCRIBED IN DEED TO R.J. ENTERPRISES LLC.; THENCE NORTH 6401'0''20" WEST. 94.48 :FEET; THENCE _SOUTH .82 °44 -'41" WEST 18,. 57'.FEET; THENCE,' NORTH 560176 "38" WEST 116.08' FEET,THENCE NORTH 13 °17'47" EAST; 7.. -19 FEET TO THE 'SOUTHWESTERLY LINE OF SAID LAND DESCRIBED IN A DEED TO X.J. ENTERPRISES LLC.,,; THENCE .ALONG SAID' SOUTHWESTERLY LINE!NORTH 60050''SS" WEST 22.41 FEET TO THE TRUE POINT OF BEGINNING. :- PARCEL B: (APN: 317- 232 =41, 42) THAT PORTION OF THE':NORTHWEST'QUARTER OF THE SOUTHWEST QUARTER OF SECTION 23,- TOWNSHIP',.14 ",SOUTH,, RANGE 2 WEST, .'SAN BERNARDINO ;MERIDIAN, -IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE'OF'CALIFORN$A, ACCORDING TO,UN_ITED STATES GOVERNMENT SURVEY APPROVED SEPTEMBER 11, 1879, DESCRIBED AS: FOLLOWS: BEGINNING AT A POINT ON THE EASTERLY LINE`OF MISSION ROAD I -A OPPOSITE OF ENGINEER'S STATION��33.9 + 87.94, ACCORDING-TO THE MAP OF-SAID MISSION ROAD 1 =A, SAN DIEGO .COUNTY HIGHWAY COMMISSION; ON'FILE,IN THE OFFICE OF THE COUNTY SURVEYOR OR SAID' CO SAID POINT. BEINGG THE:•TRUE POINT OF BEGINNING; THENCE NORTHERLY ALONG SAID= RL ,EASTEY LINE WHICH!IS1. '.20. 00 FEET EASTERLY OF AND PARALLEL WITH THE CENTERLINE OF, SAID'MISSION ROAD '1 -A, NORTH 10 008'11° EAST (RECORD NORTH 9045"00" EAST ) 3'8'..24 FEET TO THE SOUTHWEST ,CORNER, OF THAT LAND DESCRIBED IN 'A,i `DEED TO -R'.J. ENTERPRISES LLC., A:CALIFORNIA LIMITED LIABILITY COMPANY, -. RECORDED OCTOBER,I, 1997 AS DOCUMENT' NO. 1997 - 0489004.; 'THENCE SOUTHEASTERLY ALONG THE :SOUTHWESTERLY LINE "OF SAID'LAND SOUTH 60 0,50'53 " EAST 22,..41,FEET; THENCE LEAVING 22342 Page; ' _ 2 DESCRIPT70N Order No. 130713 - 36 SAID LINE SOUTH -13- 17'4.7" WEST 7.19 FEET; THENCE SOUTH 56-06'3811 EAST' 116.08 'FEET; THENCE NORTH-82044!41" FAST 18.57 FEET; THENCE SOUTH 64`010' -20" EAST .94,..48 FEET•TO'THE SOUTHEAST CORNER. :OF SAID LAND',DESCRIBED IN DEED TO`.R.J. ENTERPRISES LLC'., SAID CORNER ALSO BEING THE SOUTHEAST:.CORNER OFTHAT PARCEL 'OF LAND' DESCRIBED IN PARCEL "B ".OF'A:DEED TO POMERADO CLU&, INC.., A CALIFORNIA. .CORPORATSON, RECORDED APRIL, 30,, 1990 AS FILE -NO. 90- 233672 OF OFFICIAL. RECORDS, SAIDISOUTHEAST. CORNER BEING.,:A 'POINT ON THE NORTHERLY LINE OF THAT PARCEL OF LAND DESCRIBED IN PARCEL "C" IN-SAID DEED; THENCE ALONG THE B_OUNDARY:OP SAID PARCEL "C ", 'SOUTH 82 °11'36" EAST (RECORD SOUTH 82°34` "47 ".FAST, 180.00 FEET), 179.98 FEET; 'THENCE SOUTH 20-0_V09" FAST, (RECORD ,SOUTH 20031'20H EAST) , 153..95 FEET TO A POINT IN -THE - SOUTHERLY LINE OF THE LAND. '.DESCRIBED,SN.A.DEED TO EARL W. HOWELL, ET'.UX, RECORDED,JUNE 25, 1952 IN BOOK 450,6, PAGE '535 OF OFFICIAL aRECORDS, DISTANT THEREON SOUTH 82-11'3'6-' EAST; (RECORD SOUTH $2 034''47" EAST) 469.00 FEET FROM THE SOUTHWESTERLY CORNER OF SAID HOWELL''$ LAND; THENCE ALONG SAID SOUTHERLY LINE'NORTH,'82 °;11'36" WEST',242_,72 FEET;' THENCE LEAVING SAID SOUTHERLY LINE AND BOUNDARY OF' PARCEL; "C ", NORTH- 7, °46'20 " 'EAST '61. -84 FEET;' THENCE',NORTH ?70 °.07.'52 ". WEST 247.82 FEET TO A POINT OF INTERSECTION ON THE HEREIN ABOVE MENTIONED EASTERLY LINE'OF +MISSION:ROAD 1 -A, SAID EASTERLY LINE BEING A '730,.00 FOOT RADIUS CURVE CONCAVE NORTHEASTERLY, WHI.0 H "RAID CURVE IS 20:.00 FEET NORTHEASTERLY OF AND CONCENTRIC WITH THE CENTERLINE OF SAID MISSION 'ROAD I =A- RADIAL' -:LINE THROUGH SAID POINT,'BEARS NORTH 85 °44; 47 "'WEST„ THENCE NORTHERLY, ALONG, THE ARC OF SAID 730.00 FOOT.'RADIUS, CURVE THROUGH A'CENTRAL ANGLE OF 05 °52= '58' "' A DISTANCE OF 74-95 FEET TO THE TRUE POINT OF BEGINNING. PARCEL C.: (APN:317- 232 -39) =. THAT. PORTION OF THE:'NORTHWEST QUARTEROF -THE SOUTHWEST QUARTER OF- SECTION -23y - -- -- TOWNSHIP 14,. SOUTH, RANGE 2 WEST', SAN BERNARDINO MERIDIAN, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO; STATE OF CALIFORNIA,. ACCORDING TO UNITED STATES GOVERNMENT '.SURVEY APPROVED SEPTEMBER 11, 1879;, DESCRIBED AS•FOLLOWS: COMMENCING AT A POINT ON THE EASTERLY. LINE OF MISSION' ROAD I -A OPPOSITE ENGINEER'S. STATION 339 + 87.04 ACCORDING TO THE MAP OF SAID MISSION, ROAD 1 -A, SAN DIEGO COUNTY HIGHWAY COMMISSION, ON FILE IN THE OFFICE OF THE -COUNTY SURVEYOR 'OF SAID COUNTY; SAID - POINT,BEING- THE'SOUTHERLY TERMINUS OF A.PORTION.: OF SAID EASTERLY LINE BEARING NORTH' 10-08'11" EAST (RECORD'NORTH 9045'00" EAST) FROM SAID POINT, :WHICH :POINT IS.ALSO THE NORTHERLY TERMINUS OF A 730.00 FOOT .RADIUS., 1. CURVE CONCAVE NORTHEASTERLY AND 20,00. FEET NORTHEASTERLY iOF IAND CONCENTRIC WITH 'THE :CENTERLINE OF'SAID'MISS'ION'ROAD' 1.-A;: THENCE,'SOUTHERLY ALONG THE 'ARC.0F SAID 730.00 FOOT'RADIUSI CURVE THROUGH A CENTRAL ANGLE OF 05P.52,"581!,rA DISTANCE OF 74..95 'FEET TO..THE TRUE POINT OF BEGINNING -, A RADIAL LINE THROUGH SAID POINT. BEARS NORTH 85 044'47" WEST; THENCE CONTINUING SOUTHERLY.ALONG THE'ARC OF SAID 730.00 FOOT RADIUS CURVE :THROUGH A,CENTRAL ANGLE OF 09 °01''00 ' A DISTANCE OF 114.88 FEET TO THE SOUTHWESTERLY., .CORNER OF' THAT . ,PARCEL OF LAND DESCRIBED IN A, DEED TO EARL W. B:.. HOWELL,. ET :UX', ,RECORDED, JUNE :25,, 1952 IN BOOK 4506, PAGE 535 OF OFFICIAL 'RECORDS; THENCE ALONG THE SOUTHERLY -. ;LINE OFISAID HOWELL'S LAND SOUTH 82 °11136" EAST (RECORD SOUTH. 82 °34` "47" EASTJ, 226. 26 FEET;' THENCE LEAVING SAID SOUTHERLY LINE 14ORTH07 04'8'!20' 11 , EAST'61.84 FEET; THENCE'NORTH .7 0007'52 " - WEST 247.82 FEET TO THE TRUE POINT OF BEGINNING. 22343 CERTIFICATE OF ACCEPTANCE I, Lori Anne Peoples, as Secretary and agent for Poway Redevelopment Agency make the following certification on its behalf: This is to certify that the interest in real property conveyed by the Grant Deed -dated April°':1'8, 2003 from Aida Shihadeh, Grantor, to the Poway Redevelopment. Agency, Grantee,, a political corporation and /or governmental agency, is hereby accepted by the undersigned officer or agent on behalf of the Board of Directors pursuant to authority conferred by Resolution No. R -87 -18 adopted on, July 21, 1987, and the grantee consents to recordation thereof by its duly authorized officer or agent. Dated: April 18, 2003 POWAY REDEVELOPMENT AGENCY C :OATMescrow- purchase \Big Stone \certificate of acceptance- shihadeh.doc REAL PROPERTY REMEDIATION AGREEMENT This Real. Property Remediation Agreement ( "Agreement') is made this 0 -hay of October, 2003, by and.between the Poway Redevelopment Agency, a public body corporate and politic ("Buyer") and Aida Shihadeh ("Seller"). The parties agree as follows: RECITALS A. Seller will convey title to Buyer of that certain property located at 12237 Old Pomerado Road (. "the; Property") on or, before October 23, 2003 via Escrow No. 13071336 ( "Escrow ")'with Chicago Title ( "Escrow Holder "). B. Buyer and Seller acknowledge that an underground gasoline storage tank was identified on the Property and removed prior to close of escrow. C. Buyer and Seller have:agreed that it is Seller's obligation to complete at its sole cost and expense the environmental remediation of the Property by contract with Environmental Business Solutions ( "EBS "), including the removal of the excavated soil currently stockpiled on'the Property (the "Stockpile ") and in accordance with the work plan approved.bythe County of San Diego: (the "Work Plan"). D. Buyer and Seller have.furtheragreed that, by copy of this Agreement or by separate escrow instruction, whichever is acceptable to Escrow Holder, the sum of One Hundred Twenty Five Thousand Dollars ($125,000) shall be withheld ( "Withheld Funds ") from the proceeds of escrow otherwise due Seller at close of escrow, and that the Withheld Funds shall:be delivered to Buyer by Escrow Holder at close of escrow for deposit into a revolving fund and disbursement in accordance with this Agreement. AGREEMENT 1. Seller shall commence environmental remediation of the Property no, later than ten (10) days after close of escrow, shall diligently pursue such remediation, and shall complete on or beforeApril'23, 2004, the environmental remediation, of the Property in accordance.with the Work Plan, all at Seller's'sole cost.and expense. Said deadline shall be extended only if the Work Plan so dictates. Seller shall indemnify Buyer from and against any and. all of the costs, liabilities, claims and causes of action that may arise or be incurred in connection with the duty, to fully remediate the Property in accordance with the Work Plan. Notwithstanding the intent of the parties that Seller apply for reimbursement of some or all of such costs from the California Underground Storage Tank Cleanup Fund (the "Cleariup Fund "), Seller shall bear the entire cost of such remediation, whether or not Seller is, in fact, reimbursed. Buyer will hold,, on behalf of Seller and in• an, interest bearing account with interest accruing to Seller, the Withheld Funds. No part of the Withheld Funds shall be disbursed to pay the claims of Ace Excavating for tank- removal: work performed prior to close of escrow, which claims shall be paid by Seller from escrow proceeds at close of escrow. ReaI.Property RemediationPgreement • Paget 2. Not later than three (3) working days.prior:to October 23; 2003; Seller shall contract with EBS or other qualified firm approved in writing by Buyer for: the completion of all necessary environmental remediation, including groundwater monitoring if necessary, in accordance with the Work Plan, and shall provide Buyer's Assistant Executive Director with a copy thereof Said contract with EBS or other qualified firm shall provide for, the removal and lawful disposition of the Stockpile not later than ten (10) days afterAhe close of escrow; the cost of which hall be paid from the Withheld Funds: S h eller,shall deliver all information and documents to EBS required by EBS to prepare'.a complete application to the' Cleanup Fund not later than three (3) workingdays prior to 'October 23, 2003. Seller' shall , sign the application and cause the same, to be filed . with the administrator of the Cleanup Fund within 48 of notice from EBS'that the application is ready for signature.. 3. Escrow Holder shall disburse the Withheld Funds to Buyer at close of escrow. Escrow Holder shall ,have no liability or responsibility for the holding or disbursement of the Withheld Funds by .Buyer; and .both parties unconditionally release Escrow Holder from any liability in connection therewith. 4. Buyer shall hold „on behalf of,Seller and in an interest bearing account at ordinary passbook ,savings rate with interest accruing to Seller, the Withheld Funds. The Withheld Funds shall be the first monies applied to the cost of remediation of the Property after close of escrow. 5. Buyer shall disburse to Seller the Withheld Funds for costs of remediation as incurred and upon receipt by Buyer of proper invoice, including, if not previously paid, the claims of EBS for 'its ^services in connection with tank removal and other remediation work performed prior,to close of escrow. Within three (3) business days of receipt of disbursed funds from Buyer, Seller shall pay such invoice(s) in the full amount of disbursement for that, invoice (the "Payment Obligation "). Buyer shall apply for reimbursement, on behalf of Buyer and Seller; to the Cleanup Fund for reimbursement of all sums disbursed for remediation of the Property, except as indicated in, Section 'I above. In the event that sums are reimbursed to Seller, such sums shall be. redeposited by Seller to .the Withheld Funds within three (3) business days of receipt by Seller (the "Redeposit Obligation ") until remediation is complete in accordance with the Work Plan, including commencement of the groundwater monitoring phase of remediation, if required. Buyer does not represent; or guaranty to Seller that any 'reimbursement shall actually be approved by the Cleanup Fund. Seller- shall not represent or guarantyr to any provider of.remediation services that payment for such services is. either the obligation of or is guaranteed by Buyer. 6. The purpose of the Redeposit Obligation of Seller is to maintain the Withheld Funds as a revolving fund with a' balance of as close toS125,000 as possible at all times. In the event that reimbursement proceeds from the Cleanup Fund are not redeposited by Seller in strict compliance with the Redeposit Obligation, or that Seller does not strictly comply with the Payment Obligation, or in the event of any other material 0 0 breach hereof by Seller, Buyer.shall be uder no further obligation to forward checks to:Seller for the payment of remediation work. Instead, Buyer may pay any invoices for remediation work:directly out of the; Withheld Funds withoutahe.consent of Seller and. without the obligation;to seek reimbursement from the Cleanup Fund, may make demand(s), for payment of the Security, to pay for remediation work, may pursue any other remedies against Seller as provided at, law or in equity, and shall. be entitled to liquidated damages 9f3251'000 to defrayits�cost:of administering the work after such default: The paitie§ understand that the direct payment by the Buyer may adversely affect Seller's ability-to obtain reimbursement; from the Cleanup Fund. In order to assure that direct payment is not mistakenly made based on a perceived default, Buyer shall give written notice to Seller; and 'Seller's attorney or designated representative, of any perceived default, and allow Buyer three (3) business days to cure such,default. 7. In the. event that the icosts of remediation of the Property exceed the Withheld Funds and any and all reimbursement(s) thereto, Seller shall be liable for the payment from its own separate funds of all costs and claims' for completion of all environmental remediation in accordance with the Work'Plan:, Buyer shall give written notice to Seller of those,payments which need to be made directly and Seller shall pay those amounts within thirty (30) days. If Seller fails to-pay those amounts within said 30 days, Buyer may make such payments and recover the amounts paid from the Seller. S. In the event the Withheld Funds and reimbursements thereof exceed the cost of remediation upon conclusion of remediation in accordance with the Work Plan and full payment of all costs of remediation, Buyer shall disburse the balance of Withheld Funds on hand to Seller. In the event that at any time: during the remediation work the estimated cost of aft. necessary remaining environmental remediation work required by the Work Plan is less than the Withheld Funds; Buyer shall disburse to Seller the difference between the Withheld Funds and One Hundred -Fifty Percent (1'50 %) of the estimated costs of completion. 9. In the event of any default by Seller, Buyer shall give written notice to Seller and Seller's attorney or designated agent, and give Seller 5 business days to cure such default. 10. Seller shall secure the performance.of all of iis,duties and obligations.hereunder with a cash deposit; surety'bond, or letter of credit; deposited or issued prior to October.23, 2003, in favor of and.naming,Buyer as beneficiary of such security, in a form.and issued or on deposit with. a bank, or surety approved in advance by Buyer (the ,security")., Said Security shall only be "released to Seller; if, and when, Seller has completed all,environmental remediation in accordance with the Work Plan. In the event of any breach of Seller's duties and obligations hereunder, Buyer shall have the right to draw upon said Security, in whole or in part, without the consent of Seller, and without.regard to any other remedy atlaw or in equity pursued by Buyer. Real ;Property 'RemediationOgreement • Page,4' ,IN,wITNESS WHEREOF, this Agreement has been executed by the parties effective as of the date indicated above. SIGNATURE SECTION ONLY SELLER BUYER ILN rFev.nSl,:l,j>?.� 04-0-A � OWnk_j Poway Redevelopment Agency, a public body, corporate and politic By: James''L. Bd rsox, Executive Director (Penny Riley, Deputy Exec. Director for James L. Bowersox)