HomeMy WebLinkAbout07-28-2021 Hotel SLO Certificate of CompletionRECORDING REQUESTED BY
AND WHEN RECORDED RETURN TO:
City of San Luis Obispo City Clerk's Office
990 Palm Street
San Luis Obispo, CA 93401
Certificate of Completion
City of San Luis Obispo, a municipal corporation and a chartered city organized and existing
under the Constitution of the State of California ("Grantor"), hereby certifies with respect to Section
7.01 of that certain Agreement of Purchase and Sale- Palm Development Site, dated as of December
10, 2011, which was amended by that certain First Amendment to Agreement of Purchase and Sale --
Palm • Developments Site, dated as of January 19, 2016, executed by Hotel SLO, LLC, a limited
liability company and Sutter Tustin SLO, LLC, a California limited liability company, as tenants -in -
common (collectively, the "Grantee") in favor of Grantor, and that certain Grant Deed recorded in the
Official Records of the County of San Luis Obispo County on January 25, 2016, as document number
2016003175, with respect to the real property more specifically described in Exhibit 1 attached hereto
(collectively, the "Palm. Development Site Restrictions"), as follows:
1. The Project has been substantially completed in accordance with the Permits; and
2. All covenants and obligations of Grantee and its successors and assigns under the Palm
Development Site Restrictions, including without limitation the right of reverter and power
of termination of Grantor, have ceased and terminated.
All capitalized terms not otherwise defined in this Certificate of Completion shall have the
meaning given in the Palm Development Site Restrictions. This Certificate of Completion has been
duly executed by an authorized person on behalf of Grantor as of July 28, 2021.
GRANTOR:
CITY OF SAN LUIS OBISPO,
a municipal corporation and Charter City
By: sdZ.V-7�-_
Erica A Stewart
Its: Vice Mayor
nstine Deitrick, City Attorney
City of San Luis Obispo
CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189
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A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document
to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of L ,j j C7�15�
On .!\ zuz, \ before me,
Date Here Nrt Name and Title of the Officer
personally appeared
Name(s) of Signer(s)
who 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.
• ry KEVIN It, CHRISTIAH
Notary Public - California
" San Luis Obispo County
commission M 2302534
•• •�•��`My Comm. Expires Aug 22, 2023
Place Notary Seal and/or Stamp Above
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.
Signature4 e
Signet re of Notary Public
OPTIONAL
Completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Description of Attached Docu ent
Title or Type of Document: -C'r .�', c�-� o��t�tiy''�
Document Date: J ZOZ Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s) j
Signer's Name:
❑ Corporate Officer - Title(s):
❑ Partner - ❑ Limited ❑ General
❑ Individual ❑ Attorney in Fact
❑ rustee Li Guardian or Conservator
Other: \j % L e_ I ��
Signer is Representing:
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02018 National Notary Association
Signer's Name:
❑ Corporate Officer - Title(s):
❑ Partner - ❑ Limited ❑ General
❑ Individual ❑ Attorney in Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer is Representing: