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HomeMy WebLinkAbout2010-014961 JULIE RODEWALD AB RECORDING REQUESTED BY: San Luis Obispo County—Clerk/Recorder 3/31/2010 CHICAGO TITLE Recorded at the request of 2:13 PM Chicago Title Company RECORDED AT THE REQUEST OF D 0 C#: 2010014961 Titles: 1 Pages: 4 AND WHEN RECORDED RETURN TO: Fees City of Taxes 23.00 0.00 214 East roanch Street 111 II I III 11111 11111 Others 0.00 Arroyo Grande, CA 93421 PAID $23.00 Attn: City Clerk (Space Above this Line is for Recorder's Use Only) This Termination and Release of Agreement is recorded ✓ at the request and for the benefit of the City of Arroyo Grande and is exempt from the payment of a recording fee pursuant to Government Code § 27383. TERMINATION AND RELEASE OF AGREEMENT This TERMINATION AND RELEASE OF AGREEMENT ("Termination") is dated as of Ma 7/ , 2010, and entered into by and between the CITY OF ARROYO GRANDE, a California municipal corporation ("City"), and PEOPLES' SELF-HELP HOUSING CORPORATION, a California non-profit corporation ("Owner"). 1. City and Owner are parties to that certain Regulatory Agreement dated May 6, 1997, recorded as Instrument No. 1997-023571 in the Official Records of San Luis Obispo County, California ("Agreement"), against certain real property more particularly therein as the "Property." A legal description of the Property is attached hereto as Exhibit A. 2. Effective upon the recordation of this Termination, the Regulatory Agreement is hereby terminated and released in its entirety and shall be of no further force or effect and the Regulatory Agreement shall cease to be an encumbrance upon title to the Property. Each party does hereby remise, convey, release, and quitclaim to the record owner thereof, all of its right, title, and interest in and to the Property created by the Regulatory Agreement. 3. This Termination may be executed in any number of counterparts which, when taken together, shall constitute the fully-executed original. [signatures on next page] 539/024600-0011 1066930.02 603/26/10 IN WITNESS WHEREOF, City and Owner have entered into this Termination and Release of Agreement to be effective as of the date set forth above. "CITY" CITY OF ARROYO GRANDE , a California municipal corporation By: L Its: C(Ty ier1 ANF}GC . ' •,A I,TEST: 6icr,,, i City Clerk' •— „v -� &I r Imo• 1`} , i "OWNER" PEOPLES' SELF-HELP HOUSING ' CORPORATION, a California non-profit ` 4 . f ' ' . - corporation /1111111114::: L^_, Its: 1.- ---b1, -c a4-7iv By: Its: 531V02.4600-0011 106693001 u0129/10 -2- State of California ) County of San Luis Obispo ) On/Vb'oh ld, 9_010 , before me, . i�m Gar age, (insert name and title of the officer) Notary Public, personally appeared Scn?%Sm'fh who proved to me on the basis of satisfactory evidence to be the persons}whose name*.is/ace subscribed to the within instrument and acknowledged to me that helsheltey executed the same in his/het: eir authorized capacity(ies), and that by his/ker/their signatures)-on the instrument the person(s), or the entity upon behalf of which the person(s)-acted,executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the forgoing paragraph is true and correct. WITNESS my hand and official seal. ; INIGO F. GARATE • 1.,, Commission 1F 1726168 2 •>R2 Son Lu euOblapo County / ]_ _MtrCgrmF>�besFeb20,2011 Signature 7 II (Seal) State of California ) County of San Luis Obispo ) ,// '. 1 On I'►I MC H- (Z, ZO/0 , before me, 't�GLL y (J�ETrnOi E (insert Lame and title of the officer) Notary Public, personally appeared S7EUEti \Dt nI5 , who proved to me on the basis of satisfactory evidence to be the person* whose name(*) is/ace subscribed to the within instrument and acknowledged to me that he/she/they executed the same in hiss authorized capacity(ies), and that by his/herhheir signature(&) on the instrument the person(*), or the entity upon behalf of which the person(*)acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the forgoing paragraph is true and correct. WIITNESS my hand and official seal. u-V�� KELLY WETMORE _ WA\ Commission# 1837570 ' . Notary Public -California e �Z719 San Lula Obispo County / II '' II'',,,, M Comm. Tres Feb 21,2013+ Signature f � (/U-�C.�.ti4446/U2-- 538)74600-0011 106693001.01/29/10 -3- EXHIBIT"A" LEGAL DESCRIPTION OF PROPERTY THE LAND REFERRED TO IN THIS AGREEMENT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF SAN LUIS OBISPO, AND IS DESCRIBED AS FOLLOWS: Lots 5, 6, 7, 8, 9, 10, 11, and 12 of Block 6 of Western Addition in the City of Arroyo Grande, in the County of San Luis Obispo, State of California, according to map recorded April 10, 1894 in Book B, Page 10 of Maps, in the office of the County Recorder of said County. OCc,- 17Y -c09 END OF DOCUMENT 538/024600-0011 1066930.02 803/26/10