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III 2011022686 RECORDING REQUESTED BY OFFICIAL RECORDS OF AND WHEN RECORDED MAIL TO; SONOIIA COUNTY CITY OF CLOVERDALE JANICE ATKINSON It Sri A 03/10/2011 03:05 DEED 0,.ioveruaie RECO FEE. $0.00 A 124 North Ctoverdale Boulevard PAID Cloverdale, CA 95425 Attention: City Manager EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE 61O3. 27383 interest in the propeity, R&T 11925, - SPACE ABOVE THIS LINE RESERVED FOR RECORDER S USE - GRANT DEED For Valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Community Development Agency of the City of Cloverdale, a public body, corporate and politic the "Grantor" acting to carry out the Redevelopment Plan for the Cloverdale Redevelopment Project the "Redevelopment Plan" for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of Cloverdale, a municipal corporation the "Grantee", the real property the "Property located in the City of Cloverdale on Cloverdale Boulevard between Healdsburg Avenue and Citrus Fair Drive, designated as Sonoma County Assessor s Parcel Number 001-440-049-000 formerly known as a portion of Lot 2, APN 001-440-002-000 and all of Lot 3, APN 001-440-003-000 and more particularly described in Exhibit A attached hereto and incorporated in this grant deed "Grant Deed" by this reference. 1. DisDosition and Develołment Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of March 9, 2011 the "Agreement". 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Grantee and such successors and assigns shall promptly begin and diligently prosecute to completion the redevelopment of the Property in accordance with the Agreement, including without limitation the provisions of the Agreement that require the Property to be developed consistent with the requirements of the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City of Cloverdale General Plan. 3. Restrictions on Use of Proceeds. Grantee covenants and agrees that the Property and any improvements thereon will be used for the purposes of timely redevelopment as set forth in the Agreement and not for speculation in landholding. Grantee covenants and agrees that Grantee shall deposit all proceeds that Grantee 1592431.3-13-

receives from the sale or lease of the Property or any part thereof into a restricted fund, and shall use such proceeds solely for the construction, installation and maintenance of public improvements within the Cloverdale Redevelopment Project Area or to increase, improve or preserve the City of Cloverdale s supply of housing available at affordable housing cost to low- and moderate-income households. 4. Nondiscrimination. Grantee shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. Grantee covenants for itself and au persons claiming under or through it, and this Grant Deed is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Grantee or any person claiming under or through Grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. All deeds, leases or contracts made or entered into by Grantee, its successors or assigns, as to any portion of the Property or any improvements thereon shall contain the following language: a In Deeds, the following language shall appear "1 Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or

respect to familial status, nothing in paragraph 1 shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision d of Section 51 and Section 1360 of the Civil Code and subdivisions n, 0, and p of Section 12955 of the Government Code shall apply to paragraph 1." b In Leases, the following language shall appear: "1 The lessee herein covenants by and for the lessee and lessee s heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "2 Notwithstanding paragraph 1, with respect to familial status, paragraph 1 shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph 1 shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision d of Section 51 and Section 1360 of the Civil Code and subdivisions n, o, and p of Section 12955 of the Government Code shall apply to paragraph 1." c In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivisionmand paragraph 1of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or

Redevelopment Plan as in effect on the date of this Grant Deed. The covenants against discrimination contained in Section 4 shall remain in effect in perpetuity. 6. Mortgagee Protection. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument permitted by the Agreement; provided, however, that any successor of Grantee to the Property shall be bound by such remaining covenants, conditions, restrictions, limitations and provisions, whether such successors title was acquired by foreclosure, deed in lieu of foreclosure, trustee s sale or otherwise. 7. Binding On Successors. The covenants contained in Sections 2 and 4 of this Grant Deed, without regard to technical or legal classification or designation specified in this Grant Deed or otherwise, shall to the fullest extent permitted by law and equity, be binding upon Grantee and any successor in interest to the Property or any part thereof, for the benefit of Grantor, and its successors and assigns, and such covenants shall run in favor of and be enforceable by the Grantor and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor is or remains an owner of any land or interest therein to which such covenants relate. In the event of any breach of any of such covenants, the Grantor and its successors and assigns shall have the right to exercise all rights and remedies available under law or in equity to enforce the curing of such breach. 8. Enforcement. The Grantor shall have the right to institute such actions or proceedings as it may deem desirable to enforce the provisions set forth herein. Any delay by the Grantor in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights hereunder shall not operate as a waiver of or limitation on such rights, nor operate to deprive Grantor of such rights, nor shall any waiver made by the Grantor with respect to any specific default by the Grantee, its successors and assigns, be considered or treated as a waiver of Grantor s rights with respect to any other default by the Grantee, its successors and assigns, or with respect to the particular default except to the extent specifically waived. 9. Amendment, Only the Grantor, its successors and assigns, and the Grantee and the successors and assigns of the Grantee in and to all or any part of the fee title to the Property and any improvements thereon shall have the right to consent and agree to changes or to eliminate in whole or in part any of the covenants contained in this Grant Deed. For purposes of this Section, successors and assigns of the Grantee shall be

11. Counterparts. This Grant Deed may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. SIGNATURES ON FOLLOWING PAGE.

,2011. IN WITNESS WHER?LZantor and Grantee have executed this Grant Deed asof this /o"t dayof GRANTOR: COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF CLOVERDALE, a public body, corporate and politic By: Nina D. Reb_Executive Director ATTEST: QowiS By: Jill ribaldi, Agency Secretary APPROVED AS 0 ORM: By: Agenc Counsel GRANTEE: CITY OF Q6VERDALE, I orpor7 G s Wolter, Mayor ATTEST:.. By Jillaribaldi puty City Clerk

STATE OF CALIFORNIA COUNTYOFSONOMA On Wi ZXt.k.. IV 20U, before me.lofrs4tpkrn, kl1 P4kre insert name and title of the officer, personally appeared na.. R.e or, who proved to me on the basis of satisfactory evidence to be the persons whoge names Is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacityies, and that by his/her/their signatures on the instrument the persons, or the entity upon behalf of which the persons 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. Signature / I LJt72X Seal LOIS HOPKINS CcnnluIoti# ISIIS7I STATE OF CALIFORNIA COUNTY OFSONOMA onfrla-atl 0, 201$, before me, LtiJbekn. tjafoj!2wichere insert name and tide of the officer, personally appeared,4u tic of-/er who proved to me on the basis of satisfactory evidence to be thd$ersons whose names is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacityies, and that by his/her/their signatures on the instrument the persons, or the entity upon behalf of which the persons 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.

Exhibit A PROPERTY Attach legal description.

Lot 3, as shown on the entitled "The Gardens Affordable Housing - "Thyme Square" Site THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF CLOVERDALE, COUNTY OF SONOMA, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: Parcel A: All that portion of the Lands of Thyme Square LLC, a Calitbrnia limited liability company, shown as Lot 2 on the Gardens at Thyme Square Subdivision map, recorded October 7, 2005 in Book 682 of Maps, Pages 15-19, County of Sonoma, State of California, and more particularly described as follows: Beginning at an existing 4" iron pipe tagged LS 5316 as shown on above said map, said pipe being on a common corner between Lots 2 and 3 as shown on said map and being South 15 13 49" East 226.52 feet along a common line between Lots 2 and 3 from a similarly tagged " iron pipe; thence along an extension of said common line South 15 13 49" East 75.00 fret to a point on the Northerly right of way line of Healdsburg Avenue, said point also being on the Southerly boundary of Lot 2; thence along said Southerly boundary and right of way line the following courses: North 74 46 11" East 240.56 feet; thence North 44 27 16" East 33.92 feet to a point on the Westerly right of way line of Cloverdale Boulevard; thence continuing along the Southerly boundary of Lot 2 and the Westerly right of way line of Cloverdale Boulevard the following courses: North 15 26 13" East 197.49 fret; thence North 15 27 23" East 51.92 feet to a point, said point being the most Easterly corner of Lot 2 and also being a Southeasterly corner of Lot 3; thence leaving said Westerly right of way line along a common line between Lots 2 and 3 the following courses: North 74 South 15 South 74 33 47" West 75.02 feet; thence 26 13" West 226.60 feet; thence 46 11" West 216.97 fret to the Point of Beginning. Portion APN: 001-440-002-000 Parcel B:

CERTIFICATE OF ACCEPTANCE This is to certify that the interest in real property conveyed by the Grant Deed dated Wig nai it, 20Jj, from the Community Development Agency of the City of Cloverdale, a public body, corporate and politic, to the City of Cloverdale, a municipal corporation City", is hereby accepted on behalf of the City by its Mayor pursuant to authority conferred by Resolution No. tic- lou, adopted by the City Council of the City of Cloverdale on Phsvot- Y,2011, and that the City consents to recordation of the Grant Deed by its duly authorized officer. Dated hiprcl 10 20Jj CITY OF LOVERDALE, Gus Wolter, Mayor A1TEST: EricW. City Attorney