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Unit Certificate of Completion 2010-0320647.P.rertse.<.. inplete 11tis infnnsation.. RECORDING REQ I[�$$TED BY: ' hkop - ?m AND'WHEN RECORDED MAIL TO: Z 5 CI Al c F i7, £w ✓,� A 001T Cit,TirCA7� D O C # 2010-0320647 1111 III JUN 25, 2010 8:00 AM OFFICIAL RECORDS SAN DIEGO COUNTY RECORDER'S OFFICE DAVID L. BUTLER, COUNTY RECORDER FEES 000 PAGES: 7 Space above this line reserved for Recorder's Use Only Govt. Code 27361.6 6768 JF C-''m ry�U2,7i o� (Please fill in document title(s) on Govt. Code 27324 THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION Govt, Code 27361.6 (Additional recording fee applies) RECORDEO AT THE REQUEROF UNIT CERTIFICATE OF COMPLETION 6769 CHICAGO TITLE CO. (The Meadows) FREE RECORDING PURSUANT TO I GOVERNMENT CODE SECTION 27383 AT THE REQUEST OF THE POWAY REDEVELOPMENT AGENCY WHEN RECORDED RETURN TO: Poway Redevelopment Agency 13325 Civic Center Drive Poway, California 92064 Attention: Executive Director above for Recorder By Grant Deed dated September 16, 2008, recorded on September 17, 2008 in the Official Records of the County of San Diego ( "Official Records "), as Document No. 2008- 0493244 (the "Deed "), the Poway Redevelopment Agency, a public body corporate and politic (the "Agency ") conveyed a Ice interest in certain real property in the City of Poway, which property is described in Attachment A, Site Legal Description for the Meadows attached hereto (the "Site "), to Poway Meadows. L.P., a California limited partnership (the "Developer ") pursuant to that certain Disposition and Development Agreement between the Developer and the Agcncy (fated as of July 17, 2007, a copy of which is on file with the Agency at its offices as a public record (the "DDA "). As contemplated by the DDA, the Site has been subdivided into residential condominium Units pursuant to that certain subdivision map, map number 15743, filed on March 3, 2009, as Map No. 15743, recorded on March 5, 2009 as Instrument No. 2009- 0109127. Pursuant to Section 310 of the DDA, the Agency is required to furnish the Developer or its successor with a Certificate of Completion upon completion of construction of the Improvements (as defined in Section 100 of the DDA) or any portions thereof, which Certificate of Completion is required to be in such form as to permit the Certificate of Completion to be recorded in the Official Records. Such Certificate of Completion is conclusive determination of satisfactory completion of the construction of the Development. TO facilitate the sale of the Units, the Agency has agreed to issue a separate Unit Certificate of Completion for each completed Unit within the Site, prior to issuance of the Certificate of Completion for the Development as required under Section 310 of the DDA. With respect to the Unit listed in Attachment 13 hereto ( "Completed Unit'), the Agency has conclusively determined that the portion of the Improvements relating to the Completed Unit for the Site have been completed as defined in the DDA and in accordance with the requirements of the DDA. Furthermore, the Developer has provided the Agency with a Certificate of Occupancy I S 52M V 67 %21 I 6.770 dated November 12, 2009 as_issued'by the Poway Department of Development Services for the Unit, As stated.in the DDA, the Agency's determination regarding such Completion is not directed to, and thus the Agency assumes no responsibility for, engineering or structural matters or compliance with building codes and regulations or applicable local, State or Federal law relating to construction standards. ACCORDINGLY, as provided in the DDA, and subject,to the foregoing provisions hereof; the Agency does hereby acknowledge that the obligations of Developer under the DDA have been fully performed with respect to the Completed Unit and,that the Completed Unit has been completed as defined in the DDA and will be sold in accordance with the requirements of the DDA as set forth above. Further, the Agency hereby confirms that the Agency's right of reverter asset forth in the DDA, the Deed shall be of no further force or effect with respect to the Completed Unit. Furthermore, any party owning or purchasing, or'otherwise acquiring any interest in the Completed Unit shall not incur any obligation or liability under this DDA except for those continuing covenants as described in Section 404 of the DDA. Except as expressly provided herein, nothing contained in this instrument shall modify in any other way any other provisions of the,DDA nor any other provision of any documents related to and /or incorporated in the DDA, including the Developer's continuing obligations with respect to: (a) completion of the remaining portions of the Improvements other than the Completed Unit: and (b) the survival provisions contained in Section 404 of the DDA and in any documents related to and /or incorporated by reference in the DDA, other than with respect to the Completed Unit. Except as otherwise provided above, upon recordation of this Certificate of Completion, the provisions of the DDA imposing any obligation or restrictions on Developer with respect to the Completed Unit shall terminate and Developer shall have no further obligations thereunder with respect to the Completed Unit; except that the recordation of this Certificate of Completion shall not terminate any obligations which arose prior to the recordation of this Certificate of Completion, or terminate or otherwise modify any obligations pursuant to other documents entered into pursuant to the DDA. The Grant Deed and other documents executed and recorded pursuant to the DDA shall remain in effect and enforceable according to their terms. �S'r uAure Poge Follon's] i �SV)4067821 i IN WITNESS WHEREOF, the A has duly executed thls,Unit Certificate of Completion on this 1 day of 20�D POWAY REDEVELOPMENT AGENCY, 6 771 a public body, corporate and politic C Its: Executive APPROVED AS TO FORM: GOLDFARB & LIPMAN LLP Agency Special Counsel By: y Polly . Nlarshall Und Ca Idi,am 0 compieiwn Slgna¢m: Page 1 j i 2 \04 \767 S21 I 61 STATE OF CALIFORNIA COUNTY OF SAN DIEGO On A64 7 /� /UFO personally appeared - //JJ / J Y�� //� /� before me, YT� %L L S ,Notary Public, //v/ 9p //— I , proved to me on the basis of satisfactory evidence to be the persona 4whose name(A is /:A SUbscrlbed to the within instrument and acknowledged to me that A�' /she /tlVy cXecuted the same In I }Ys/her /tl)!qtr authorized capacity(i , and that by on the mstrumcnl the person(; or the entity Upon behalf of which the person(K) acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS mY hand and official seal. PHYLLIS SHINN Commission # 1778898 Notary Public • California San Diego County Camm. Na✓9 2011 Nota I Pc blic Unit Certificate of Coivpleuon Signature Page 1552 \04 \767821 1 6:773 ATTACHMENT A SITE LEGAL DESCRIPTION FOR THE MEADOWS LOT <k> OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING 'TO MAP THEREOF NO. 15743 FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH 5, 2009. A -1 ATTACHMENT B LEGAL DESCRIPTION FOR COMPLETED UNIT LOT 14 OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS, IN THE CITY OF POWAY, COUNTY OF SAN, DIEGO, STATE OF CALIFORNIA. ACCORDING TO MAP THEREOF NO. 15743 FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH 5, 2009. 6774 END OF LEGAL DESCRIPTION 1552\01n7678'i i B -1