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D-332 GRANT DEED FOR PIETRA SERENA ASSOCIATES, LLC CERTIFIED TO DE A-TRUE COPY RECORDING REQUESTED BY AND OF DOCUMENT 'R9CORDED ON WHEN RECORDED MAIL TO: _ 4.—i'0' SEPJF.S $ S o6S OF OFFICIAL. -RECOOOS. City of Cupertino Chicago M h � 4 10300 Torre Avenue [l Cupertino, CA 95014-3255 LBY Attn: City Manager SPACE ABOVE THIS LINE FOR RECORDER'S USE Grant Deed FOR VALUABLE CONSIDERATION, Pietra Serena Associates,LLC,a California limited liability company, hereby GRANTS to the City of Cupertino, a municipal corporation,the real property in the State of California, County of Santa Clara, City of Cupertino, described as: SEE EXHIBIT A ATTACHED FOR A LEGAL DESCRIPTION SUBJECT TO:THE TERMS ..AS :.CONTAINED. IN_ THAT CERTAIN..ENVIRONMENTAL RELEASE AND INDEMNITY AGREEMENT ATTACHED HERETO AS EXHIBIT "B" . Dated Decembe , 1999 PIETRA SERENA ASSOCIATES, LLC, a STATE OF CALIFORNIA California limited liability company ss. COUNTY OF+^51:4 � C��r2 Onn(C�I1'1 'rag before me, Wri i.,-'r a By: ota �Pk'c in. 4no for Said-State, personally appeared 11 1 PA'S�1111 rf:8q+P')� Vdiersonally known to me Name: I 1 (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument Its: 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 By:-., behal which the person(s)acted,executed the instrument. TNESS hand of cial seal. ( / w , Name: 4 J�rvc t i 1 c� Notary is Its: M Al 71-)41 << MAIL TAX STATEMENTS TO THE ADDRESS LISTED ABOVE PATRICIA A. MUNGARAY Commission#1236950 Notary Public-Cardornio Santa Clara County. My Comm.Bores Oct 8,20M 30123333/20713-0001 . 6 ai x --BIT A Situate in the City of Cupertino, County of Santa Clara, State of California, and being a portion of "Parcel One," as said parcel is described in that certain Grant Deed from Kaiser Cement Corporation to PH Property Development Company, which was recorded in Book N742 of Official Records .Page 2072, on January 27, 1995, Santa Clara County Records, being more particularly described as follows: Beginning at the northeasterly corner of said Parcel One; Thence along the northerly line of said parcel, South 88013'03" West [said Grant Deed bearing stated as South 88009'53" West], 897.17 feet to a point which lies North 88013'03" East. 60.15 feet from the northwesterly corner of said Parcel One; Thence, leaving said northerly line, South 26038'03" West, 123.24 feet to its intersection with the northeasterly projection of the third course found in said Deed which states "thence South 65 deg. 07' 40" W;85.94 feet"; Thence along said northeasterly projection, South 64055'08" West [said Deed bearing stated as North 65007'40" East], 42.25 feet; Thence, North 1404911" East, 130.55 feet to the said northwesterly corner of said Parcel One; Thence, along said northerly line, North 88013'03" East [said Deed bearing stated as South 88009'53" West], 60.15 feet to the True Point of Beginning. Containing an area of 5,376 square feet, more or less. A plat showing the described area is attached hereto and made a part hereof as Exhibit "B". This description was prepared by me or under my direction in conformance with the Professional Land Surveyors Act. Dated: Billy Martin,' S 5797 License Expires 9/30/2000 Seo ��/p`• BILLY MARTIN 1 of 2 ` EXP. 6/3^X000 No. 5197 .r KAMAIM199619602051EGALSIRWDEDIC.D0C \. lF OF CA \i�� 540 Price Avenue . Redwood City,CA 94063 . 1650)482.6300 • FAX(650)482.6399 EXHIBIT "B" Environmental Release and Indemnity Agreement This Environmental Release and Indemnity Agreement (the "Agreement") is entered into as of March 24 , 2000 by PH Property Development Company, a Delaware corporation (the "PH Property") and the City of Cupertino, a municipal corporation-(the "City") and is attached to that certain Grant Deed dated December 28, 1999. RECITALS This Agreement is made with reference to the following facts and intentions of the parties: A. PH Property has caused its successor in title to dedicate certain land to the City upon which the City has previously constructed a road and which is more particularly described on Exhibit A (the "Property"). The City operated a landfill near the Property, and has taken responsibility for the cleanup and appropriate remediation of the landfill in accordance with all applicable Environmental Laws and other requirements. B. Transfer of the Property is conditioned on the City's providing to PH Property a full and complete release and indemnity relating to any and all Hazardous Materials, Waste Materials and environmental matters concerning the Property, as more fully set forth below. AGREEMENT NOW, THEREFORE, as a material part of the consideration for the dedication, and for other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: Section 1. Definitions 1.1. Environmental Laws. The term "Environmental Laws" means any federal, state, or local statute, regulation, rule, ordinance, permit, license, requirement, agreement, approval, directive,judgment, decree or order(whether now existing or later adopted or promulgated) relating to pollution or the protection of the environment, humans or animals from Hazardous Materials. 1.2 Hazardous Materials. The term "Hazardous Materials" means any material, chemical, compound, substance, mixture, or byproduct that is identi ied, defined, or regulated under Environmental Laws as a "hazardous constituent," "hazardous substance," "hazardous waste constituent," "infectious waste," "medical waste," "biohazardous waste," "extremely hazardous waste," "pollutant," "toxic pollutant," or "contaminant," or any other formulation intended to classify substances by reason of properties that are deleterious to the environment, natural resources or human or animal health or safety including without limitation ignitability, infectiousness, corrosiveness, radioactivity, carcinogenicity, toxicity, and reproductive toxicity. The term 1 "Hazardous Materials" specifically shall include any form of natural gas, as well as any petroleum products or any fraction thereof. 1.3 Released Parties. The term "Released Parties" means PH Property, its affiliates and their respective shareholders, officers, directors, partners, employees, agents, contractors, successors and assigns. 1.4. Waste Materials. The term "Waste Materials" means any putrescible or nonputrescible solid, semisolid, liquid or gaseous waste of any type whatsoever, including without limitation: Any garbage, trash refuse, paper, rubbish, ash, industrial, commercial or residential water, demolition or construction wastes, abandoned vehicles or parts thereof, discarded home and industrial appliances, sewage, sewage sludge,manure and vegetable or animal waste. Section 2. Release The City for itself and each and all of its successors-in-interest to the Property (and each and all of their respective tenants of all or a portion of the Property), and their affiliates, lenders who take title to or a security interest in all or a portion of the Property, shareholders, officers, directors, employees, agents, contractors, successors and assigns (collectively, the "Waiver Parties") hereby unconditionally and completely release and discharge the Released Parties (as defined in Section 1) from and against any and all actual, threatened or potential claims, proceedings, liabilities, losses, liens, penalties, fines, costs and expenses of every kind and nature (including without limitation attorney's and consultant's fees and costs), and whether asserted by a third party against any of the Waiver Parties or incurred directly or indirectly by any of the Waiver Parties themselves, that any of the Waiver Parties may now or subsequently have against any of the Released Parties (collectively, the "Losses"), and that arise in connection with or in any way are related to any Hazardous Materials or Waste Materials at, beneath, above or migrating to or from the Property and any compliance or non-compliance with Environmental Laws in connection with the Property (collectively,the "Released Matters"). Section 3. Civil Code Section 1542 Release. The City acknowledges that it is familiar with Section 1542 of the California Civil Code, which provides as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. The City, on behalf of itself and the other Waiver Parties, waives and relinquishes any right or benefit under California Civil Code Section 1542 or any similar provision of law pertaining to the Released Matters. 2 Section 4. Indemnification and Covenant Not to Sue. 4.1. The City's Indemnification of Released Parties. The City shall indemnify, defend (with counsel reasonably acceptable to PH Property) and hold the Released Parties harmless from and against any Losses arising in connection with or related to the Released Matters. 4.2. Covenant Not to Sue. The City, on its own behalf and on behalf of each of the other Waiver Parties, covenants and agrees never to sue or otherwise commence, aid in any way, or prosecute any action or other proceeding against any of the Released Parties, based on the Released Matters. If any of the Waiver Parties asserts a claim that is contrary to this Section 4.2, that Waiver Party shall defend, indemnify and hold harmless the Released Parties against whom the claim is asserted for all Losses incurred. This Agreement may be pleaded by a Released Party as a full and complete defense to any action or proceeding that is contrary to this Section 4.2, and may be asserted as a basis for abatement of, or injunction against, the action or proceeding and as a basis for a cross- complaint for damages. Section 5. Miscellaneous. 5.1. Notice. All notices, demands, approvals, and other communications provided for in this Agreement shall be in writing and shall be effective: (a)when personally delivered to the recipient at the recipient's address set forth below; or (b) one business day after deposit with a reputable overnight courier or delivery service, addressed to the recipient as set forth below. If the date on which any notice to be given under this Agreement falls on a Saturday, Sunday or legal holiday, then such date shall automatically be extended to the next business day. The addresses for notice are: IF TO CITY: City of Cupertino 10300 Tome Avenue Cupertino, CA 95014-3255 Attn: City Manager IF TO PH PROPERTY: PH Property Development Company 945 East Paces Ferry Road, Suite 2515 Atlanta, GA 30326 Attn: Jeffrey Harland Any party may change its address by notice delivered in the manner specified in this Section 5.1. 5.2. Litigation and Attorneys' Fees. In the event either party to this Agreement shall bring suit to enforce or interpret this Agreement, the prevailing party in any such litigation, including appeals, shall be entitled to recover from the other party all costs and expenses of such litigation and reasonable attorneys fees and costs as fixed by the court. The "prevailing party", for purposes of this Agreement, shall be deemed to be that party who obtains substantially the result sought, whether by settlement, dismissal or judgment, and shall be conclusively determined by the court or arbitrator, as applicable. 3 5.3. Governing Law. This Agreement shall be governed by the laws of the State of California applicable to contracts made and to be performed in California. 5.4. Assignability. The City may not assign its rights under this Agreement, in whole or in part, without PH Property's prior written consent in each instance, which consent may be granted or withheld in PH Property's sole discretion. In the event PH Property approves an assignment of this Agreement,the City shall remain liable under the terms hereof. 5.5. Time. Time is of the essence as to the performance of the City's obligations under this Agreement. 5.6. Interpretation. This Agreement has been drafted through a joint effort of the parties and,therefore, shall not be construed in favor of or against either of the parties. 5.7. Amendments and Waivers. No modification of this Agreement shall be effective unless set forth in writing, signed by the party against whom the modification is sought to be enforced. The party benefited by any condition or obligation may waive the same, but the waiver shall not be enforceable by another party unless made in writing and signed by the waiving party. 5.8 Invalidity of Provisions. If any provision of this Agreement as applied to either party or to any circumstance shall be adjudged by a court of competent jurisdiction to be void or unenforceable for any reason,the same shall in no way affect(to the maximum extent permissible by law) any other provision of this Agreement, the application of any such provision under circumstances different from those adjudicated by the court or the validity or enforceability of this Agreement as a whole. 5.9. Recordation. The parties intend that this Agreement shall run with the Property, and that this Agreement shall be an exception to the Deed as recorded in the Official Records of Santa Clara County, California. 5.10. Authority. Each party represents to the other that it has full power and right to enter into and perform its obligations under this Agreement and the other agreements contemplated to be executed and performed by it. 4 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. PH PROPERTY: PH PROPERTY DEVELOPMENT COMPANY a Delawa oration By: Je arland, President CITY: ACCEPji� T By: n S atton, Mayor ATTESTEI,�: By: �ity APPROVED AS TO FORM: By: City Attorney 5 Situate in the City of Cupertino, County of Santa Clara, State of California, and being a portion of "Parcel One," as said parcel is described in that certain Grant Deed from Kaiser Cement Corporation to PH Property Development Company, which was recorded in Book N742 of Official Records .Page 2072, on January 27, 1995, Santa Clara-County Records, being more particularly described as follows: Beginning at the northeasterly corner of said Parcel One; Thence along the northerly line of said parcel, South 88113'03" West [said Grant Deed bearing stated as South 88009'53" West], 897.17 feet to a point which lies North 88°13'03" East. 60.15 feet from the northwesterly corner of said Parcel One; Thence, leaving said northerly line, South 26138'03" West, 123.24 feet to its intersection with the northeasterly projection of the third course found in said Deed which states "thence South 65 deg. 07' 40" W,85.94 feet"; Thence along said northeasterly projection, South 64055'08" West [said Deed bearing stated as North 65007'40" East], 42.25 feet; Thence, North 14°49'21" East, 130.55 feet to the said northwesterly corner of said Parcel One; Thence, along said northerly line, North 88013'03" East [said Deed bearing stated as South 88009'53" West), 60.15 feet to the True Point of Beginning. Containing an area of 5,376 square feet, more or less. A plat showing the described area is attached hereto and made a part hereof as Exhibit "B". This description was prepared by me or under my direction in conformance with the Professional Land Surveyors Act. -�— ! Dated: c�c 77 Zc /9,P19 Billy Martin,,CS 5797 ' p\ License Expires 9/30/2000 BILLY MARTIN 1 of 2 EXP. 6/3,^:2000 No. 5797 ._ K:\MAIN\1996\960205\LEGALS\RWDEDIC.DOC �F CAS\ED 540 Price Avenue . Redwood City,CA 94063 . (650)482-6300 • FAX(650)482-6399 NW CORNER N742 O.R. 2072 NE COR. N742 O.R. 2072 PARCEL ONE PARCEL ONE POB O LO (QUARTER SECTION LINE) S 88°13'03" W _ 60.15, 897.17' 5,376 S.F.f TPOB w V J 0� •� 0 O 2 C-2w F_ ro 0$ S N742 O.R. 2072 PARCEL ONE THIRD COURSE N742 O.R. 2072 ("S65°07"40"W 85.94 FEET") Subject EXHIBIT "B" 540 Price Avenue n F Redwood City, CA 94063 Job No. 960205-20 Engineers Su wron Planners 650/482-6300 By BGT Dote 10/19/99 Chkd 9 r 650/482-6399 (FAX) CLICC'T 7 nr 1) -OPTIONAL SECTION STATE OF CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, COUNTY OF Invaluable to persons relying on the document On Mamh R.2.0)O before me, 134Q44 E. N� ❑ INDIVIDUAL w4rA, 4 Notary Public, personally appearedye4'f'MU 4arlGt. (1.) E2rCORPORATE OFFICERS)�si�lefJT" NAMES) OF SIGNER(S) TITLE(S) I"personally known to me - OR - ❑ proved to me on the basis of satisfactory ❑ PARTNER(S) ❑ LIMITED evidence to be the person(s) whose ❑ GENERAL Nobly Public, Fulton County,Cw.'gfa, name(s) is/are subscribed to the within ❑ATTORNEY-IN-FACT My commission expires April 1,2uo1. instrument and acknowledged to me that he/she/they executed the same in ❑TRUSTEE(S) his/her/their authorized capacity(ies), and ❑ GUARDIAN/CONSERVATOR that by his/her/their signature(s) on the ❑ OTHER: instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. SIGNER IS REPRESENTING: / Name of Person(s)or Entity(ies) *L&S I&GNATU iaRE OF NOTARY -OPTIONAL SECTION THIS CERTIFICATE MUST BE ATTACHED TO Title orType of Document THE DOCUMENT DESCRIBED AT RIGHT: Though the data requested here is not required by law,it Number of Pages Date of Document could prevent fraudulent reattachment of this form. -Signer(s)Other Than Named Above 01993 National Notary Association,Canoga Park,CA 1