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Jessica Rutherford DBA Double J Cache Nail Boutique ~ LE163003 ~ Tenancy Lease - Saxony Property ASSIGNMENT OF LEASE THIS Assignment and Assumption of Lease ("Agreement") is made as of this 14th day of December, 2015, between the City of Tigard, an Oregon municipal corporation ("Assignor")and the City Center Development Agency, an ORS chapter 457 urban renewal agency("Assignee") RECITALS A. Assignor owns the fee interest in those certain premises described on Exhibit A attached and incorporated hereto (the "Premises"). B. A portion of the Premises are leased pursuant to the lease attached and incorporated as Exhibit B (the "Lease"). Assignor holds all right, title and interest in and to the lessor's interest under the Lease. C. Pursuant to that certain Purchase and Sale Agreement dated November 30, 2015, between Assignor and Assignee (the "Agreement"), Assignor has agreed to sell the Premises to Assignee and in connection with the sale has agreed to assign the Lease to Assignee and Assignee has agreed to assume the Lease. AGREEMENT NOW,THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged,the parties agree as follows: 1. Assignment. Effective as of the Effective Date of this Assignment,Assignor hereby transfers, sets over and assigns to Assignee all right,title and interest of Assignor in and to the Lease, TO HAVE AND TO HOLD the same to Assignee, its successors and assigns forever; SUBJECT , HOWEVER,to each and every provision of the Lease and as hereinafter provided. 2. Acceptance of Assignment. Effective as of the Effective Date, Assignee accepts the within assignment and agrees to perform and discharge all of the covenants, terms, conditions and provisions to be kept, observed and performed by Assignor as lessor under the Lease. 3. Assignor's Indemnity of Assignee. Assignor hereby agrees to defend and indemnify Assignee, its directors, officers, employees, agents, representatives, successors and assigns, and each of them, from and against any and all claims, suits, demands, causes of action, actions, liabilities, losses, damages, costs and expenses(including reasonable attorney's fees) arising out of or resulting from any breach or Page 1—ASSIGNMENT OF LEASE 50014-70845 16873241tP/12/14/2015 default committed or alleged to have been committed by Assignor as lessor under the Lease prior to the Effective Date. 4. Assignee's Indemnity of Assignor. Within the limits of the Oregon Tort Claims Act and Oregon Constitution, Assignee hereby agrees to defend and indemnify Assignor, and its respective directors, officers, employees, agents, representatives, successors and assigns, and each of them, from and against any and all claims, suits, demands, causes of action, actions, liabilities, losses, damages, costs and expenses (including reasonable attorney's fees) arising out of or resulting from any breach or default committed or alleged to have been committed by Assignee, its successors or assigns, as the lessor under the Lease from and after the Effective Date. 5. Effective Date. This Assignment shall be effective as of the date of recording of the deed conveying title to the Premises to Assignee (the "Effective Date"). 6. Counterparts. This Assignment may be executed in one or more counterparts by the parties hereto. All Counterparts shall be construed together and shall constitute one agreement. 7. Binding Effect. This Assignment shall be binding on and inure to the benefit of the parties and their respective heirs, successors and assigns. IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed on behalf of each of them respectively, by their respective officer's thereunto duly authorized, in multiple originals, all as of the day and year first above written. ASSIGNOR ASSIGNEE City of Tigard, an Oregon municipal City Center Development Agency, an ORS Ch. corporation 457 urban renewal agen By;���� BSL Name: 1 g r-kj�6k L • Wi'/ke_ Name:y/IAct1 k LA e_ Its: � PAYV4!i e- Its: �gu,I1A� ire r Page 2-ASSIGNMENT OF LEASE 50014-708451687324_1�P/12/14/2015 EXHIBIT A Premises LEGAL DESCRIPTION: Real property in the County of Washington, State of Oregon, described as follows: PARCEL I: BEGINNING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM NO. 37 IN TOWNSHIP 2 SOUTH, RANGE 1 WEST, WILLAMETTE MERIDIAN, WASHINGTON COUNTY, OREGON. AND RUNNING THENCE SOUTH 45°00' WEST ON LINE BETWEEN THE SAID JOHN HICKLIN DONATION LAND CLAIM AND THE GEORGE RICHARDSON DONATION LAND CLAIM,A DISTANCE OF 1807.1 FEET TO A POINT;THENCE SOUTH 45000' EAST ALONG THE EASTERLY LINE OF THAT CERTAIN TRACT OF LAND CONVEYED TO EMIL A.AND OLIVIA T.JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069, WASHINGTON COUNTY, DEED RECORDS A DISTANCE OF 131.0 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT;THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 4500' EAST ALONG THE EASTERLY LINE OF SAID JOHNSON TRACT A DISTANCE OF 93.0 FEET TO A POINT ON THE NORTHERLY LINE OF THE PACIFIC HIGHWAY; THENCE FOLLOWING SAID NORTHERLY LINE OF THE PACIFIC HIGHWAY ON A 5730.0 FOOT RADIUS CURVE TO THE RIGHT(THE LONG CHORD OF WHICH BEARS SOUTH 57°31' WEST 23.5 FEET) 23.5 FEET TO A POINT MARKED BY AN IRON HIGHWAY RIGHT OF WAY MARKER; THENCE SOUTH 57°38'WEST ALONG SAID RIGHT OF WAY LINE 145.0 FEET TO A POINT IN THE CENTER OF FANNO CREEK; THENCE NORTH 36°30' WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 78.6 FEET TO A POINT;THENCE NORTH 55°52'WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 6.1 FEET TO A POINT; THENCE NORTH 55°09' EAST ALONG THE HIGHWAY RIGHT OF WAY LINE A DISTANCE OF 156.4 FEET TO THE POINT OF BEGINNING. PARCEL II: BEGINNING AT AN IRON PIPE MARKING THE NORTHEAST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM IN TOWNSHIP 2 SOUTH, RANGE 1 WEST,WILLAMETTE MERIDIAN, WASHINGTON COUNTY, OREGON. EXHIBIT A, Page 1 of 2 50014-708451687324_11PI1211412015 AND RUNNING THENCE SOUTH 45°18' WEST ALONG THE DONATION LAND CLAIM LINE 1814.5 FEET TO THE MOST WESTERLY CORNER OF LOT 15 OF ELECTRIC ADDITION TO TIGARDVILLE ( PLAT BOOK 2, PAGE 0042), A DULY RECORDED SUBDIVISION IN WASHINGTON COUNTY, OREGON; THENCE SOUTH 44°47' EAST ON THE SOUTHWESTERLY LINE OF SAID LOT 15 AND THE NORTHEASTERLY LINE OF A TRACT OF LAND CONVEYED TO EMIL JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069 OF WASHINGTON COUNTY DEED RECORDS, 131.0 FEET TO THE WESTERLY CORNER OF THE SOUTHEASTERLY 1/2 OF SAID LOT 15 AND THE TRUE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT; THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 44047' EAST ON SAID SOUTHWESTERLY LINE OF LOT 15 A DISTANCE OF 96.0 FEET TO THE NORTHERLY LINE OF THE OLD TAYLORS FERRY ROAD; THENCE NORTH 60112' EAST ON SAID ROAD LINE 22.2 FEET TO AN IRON; THENCE NORTH 36°10' WEST 48.3 FEET TO AN IRON; THENCE NORTH 60°12' EAST 40.1 FEET TO AN IRON; THENCE NORTH 36°10' WEST 65.0 FEET TO AN IRON ON THE EASTERLY BOUNDARY OF THE STATE HIGHWAY; THENCE SOUTH 45°14' WEST ALONG SAID LINE, 77.24 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM A PORTION OF A LAND CONVEY TO THE CITY OF TIGARD, WASHINGTON COUNTY, OREGON FOR ROAD OR STREET PURPOSES RECORDED ON SEPTEMBER 13, 2012 AS FEE NO. 2012 076047 NOTE: This legal description was created prior to January 1, 2008. EXHIBIT A, Page 2 of 2 50014-708451687324 1tP/11/14/1015 EXHIBIT B The Leases COMMERCIAL LEASE MONTH-TO-MONTH TENANCY LESSOR: City of Tigard, ("Lessor") an Oregon municipal corporation LESSEE: Jessica Rutherford, ("Lessee") DBA Double 1 Cache Nail Boutique In consideration of the mutual covenants herein,Lessor hereby leases to Lessee the Property described herein on the following terms and conditions. 1. Property Leased. The property al 12535 SW Main Street,consisting of approximately 600 sq ft. 2. Term. The term shall commence on September 25,2015 and continue on a month to month basis until terminated by either party as provided for below. 2.1 This lease may be terminated by either party for any reason and in the patty's sole discretion on 30 days notice to the other party. 2.2 Lessee acknowledges that Lessor is not in the business of being a commercial lessor. The premises are being made available as a short-term accommodation to assist Lessee in transitioning to a permanent location. Lessee further understands that Lessee intends to demolish the structures and redevelop the Premises,or make the Premises available for redevelopment Lessee acknowledges that it does not and will not qualify as a"displaced" person or business upon termination of this tenancy and is not entitled to and hereby waives any claim for relocation assistance or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act or state law. 3. Rent. 3.1 Lessee shall pay as monthly base rent the amount of six hundred dollars ($600.00),in advance,on the first day of each calendar month 3.2 Rent shall be paid to Lessor by direct deposit. Lessee shall complete and deliver to Lessor the form of Authorization Agreement for Direct Payments attached hereto as Exhibit A,authorizing the rent to be automatically debited from Lessee's account and deposited into Lessor's account. Rent for the first and last partial months shall be prorated 3.3 Rent payments shall be delinquent after the tenth day of each month and if not paid in full,shall be subject to a late payment penalty of$20.00 per day in addition to any other remedy available to Lessor.Any delinquent amount Lessor shall bear interest at the rate of 18%per annum,or such lower rate if required by applicable law. Page 1-MONTI I TO MONTH LEASE EXHIBIT B, Page 1 of 7 50014-708451687324 1tP112/1412015 4. Utilities and Taxes. In addition to the monthly base rent,Lessee shall pay directly all utilities,except that Lessor shall pay for water and storm water. Lessor shall pay the ad valorem real property taxes. lessee is responsible for any personal property taxes. S. Condition of Premises lessee has inspected the Premises and determined that it is acceptable in its current condition and accepts it"AS IS"condition with all defaults and defects,whether latent or not,and agrees that Lessor shall not be required to make any repairs, improvements or alterations to the Premises except as expressly provided in Section 7. 6. Use of Premises. lessee shall use the Premises for activities related to a nail boutique and for no other purpose. 6.1 lessee shall not.(a)make any unlawful,improper or offensive use of the Premises;(b)suffer any strip or waste thereof,(c)do anything or permit anything to he done upon or about the Premises in any way tending to create a nuisance 6.2 Lessee shall not- store or use hazardous or highly combustible materials on the Premises at any time except in strict compliance with all applicable laws;or me the Premises in such a way or for such a purpose that the fire insurance rate on the Premises is thereby increased or that would prevent Lessor from obtaining reduced premium rates for long term fire insurance policies. 6.3 Lessee,at Lessee's own expense,shall comply with all laws and regulations of any public entity respecting Lessee's use of the Premises. 7. Repairs and Improvements. 7.1 Subject to the provisions of this Section,Lessee shall,at all times during the Term of the Lease,at Lessee's sole cost and expense,repair,maintain,and replace all other parts of the Premises and keep the Premises in good order,condition and repair,which obligation shall include,without limitation,the obligation to maintain,repair,and replace as necessary:(a) floor coverings,(b)wall coverings;(c)paint,(d)casework;(e)ceiling tiles,(f)heating, ventilating and air conditioning systems,(g)window coverings;(h)lights and ballasts,(i)locks and hardware;0)all of Lessee's property,(k)electrical,plumbing,sprinklers and sprinkler heads,and other mechanical facilities;(1)all broken window glass and door glass in the Premises with glass of the same size and quality,and(m)all tanks and pumps. 7.2 Notwithstanding the foregoing,in the event that a major repair or replacement of a building system is required,such as plumbing,sewer or water service,heating, ventilation or electrical system,Lessee shall have the option to: 7.2.1 Voluntarily terminate this lease and vacate the premises at its sole expense on 30 day's notice to Lessor. Rent shall be paid to the date the premises are vacated and the security deposit returned less any amounts otherwise due under this Lease;or 7.2.2 Make such repair or replacement at its own expense after first obtaining the approval of Lessor,which approval shall not unreasonably be withheld. Page 2—MONTH TO MONTH LEASE EXHIBIT B, Page 2 of 7 50014-708451687314_1�P/12/14/1015 7.3 Lessee shall not make any alterations,additions,or improvements to the Premises exceeding 55,000,requiring a building or other permit,or affecting the structural elements of the Premises without Lessor's consent. 7.4 Lessor reserves,and at any and all times shall have,the right to repair the Premises in its sole and arbitrary discretion,and for that purpose at any time may erect scaffolding and all other necessary structures about and upon the Premises and Lessor and Lessor's representatives,contractors,and workmen for that purpose may enter in or about the Premises with such materials as Lessor may deem necessary therefore,and Lessee waives any claim for damages, including loss of business,resulting therefrom. Lessor will use its best efforts to make such repairs expeditiously as reasonably possible and to cause as little interference as reasonably possible with Lessee's use of the Premises. 8. Lessor's Right of Entry. Lessor and Lessor's agents and representatives shall have the right to enter into or upon the Premises at any reasonable time upon not less than 24 hours prior written notice,for the purpose of examining the condition thereof,or for any other lawful purpose-,provided,however,lessor may enter upon the Premises without such notice in the event of any emergency requiring Lessor's immediate attention. 9. Right of Assignment. Lessee shall not assign,transfer or sublet this Lease or the Premises or any portion,or otherwise permit any other person or entity to occupy the Premises without the prior written consent of Lessor. 10. Liens. Lessee will not permit any lien of any kind to be placed upon the Premises or any part thereof. If Lessee disputes the correctness or validity of any claim of lien,Lessee shall,within 10 days after written request from Lessor,secure the discharge of such lien or post or provide security in a form and amount sufficient to ensure that title to the Premises remains free from the lien claimed. 11. Ice,Snow,Debris. At all times during the Term of the Lease, lessee shall keep the sidewalks and driveways of the Premises free and clear of ice,snow,rubbish,debris,and obstruction. Lessee will not permit rubbish,debris,ice or snow to accumulate on the roof of the buildings on the Premises,so as to stop up or obstruct gutters or downspouts or cause damage to the roof,and will hold harmless and protect Lessor against any injury whether to Lessor or to Lessor's property or to any other person or property caused by Lessee's failure to perform its obligations under this section 12. Signs. Lessee shall have the right to install one or more signs with Lessor's consent,which shall not be unreasonably withheld and in compliance with all laws. 13. Liability,Waiver and Indemnification. Lessor shall not be liable to Lessee for any damage to lessee or Lessee's property arising from the condition of the property during Lessee's occupancy. Lessee waives and covenants not to sue Lessor for any claim arising from the condition of the Premises and hereby assumes all risk of damage to property and injury to persons in,on,or about the Premises from any cause whatsoever. Lessee shall indemnify, defend,protect and hold harmless the Lessor,its officers,agents and employees from and against any and all such claims including court costs and reasonable attorney fees incurred by Lessor The provisions of this Section 13 shall survive the expiration or termination of this Lease. Page 3 -MONTH TO MONTH LEASE EXHIBIT B, Page 3 of 7 50014-708451687314_11P/11/14/2015 14. Insurance. 14.1 Lessee,at Lessee's own expense,shall at all times maintain,keep in effect, furnish and deliver to Lessor,commercial general liability insurance in a form and with an insurer satisfactory to Lessor,insuring both Lessor and Lessee,and their respective officers, employees and agents against all liability for damages to person or property in or about the Premises. The amount of such liability insurance shall be not less than S 1,000,000 for injunes arising out of any one occurrence and$75,000 for property damage 14.2 The insurance policy shall name I-essor,its officers,agents and employees as an additional insured. Proof of coverage shall be furnished on execution of this Agreement. Lessee immediately shall inform Lessor of any significant change in the policy or cancellation. 15. Fixtures,equipment and personal property. On expiration of this Lease, Lessee shall remove at its sole expense and liability and any all signs,equipment,personal property and fixtures for Lessee's use and benefit. 16. Waiver of Subrogation(Rights. Lessor and Lessee hereby mutually waive their respective rights of recovery against each other for any loss of,or damage to,either party's property,to the extent that such loss or damage is covered by an insurance policy at the time of such loss or damage. Each party shall obtain any special endorsements,if required by its insurer, whereby the insurer waives its rights of subrogation against the other party. 17. Non-discrimination and compliance with American with Disabilities Act of 1990- Lessee shall not discriminate in any activity or service made possible by this lease with regard to gender,gender expression,race,religion,national origin,sexual orientation,age, disability, or familial status and agrees to conduct its operations on the Premises in compliance with the Americans with Disabilities Act of 1990("ADA"). 18. Environmental Compliance. 18.1 Lessee shall comply with all applicable federal,state,and local environmental laws,regulations,and/or ordinances applicable to Lessee's use of the Premises, including,but not limited to,Environmental Laws. Lessee shall not release,discharge,generate or,other than fuel and other substances used in the permitted use of the Premises,permanently store,any Hazardous Materials on the Premises. Lessee shall indemnify,defend,and hold Lessor and its officers,directors,shareholders,agents,and representatives harmless from all claims,actions,damages,and liability arising out of or from Lcsscc's violation of any Environmental Laws or relating to the presence of Ilazardous Materials on the Premises caused by Lessee or Lessee's use of the Premises. This indemnification obligation shall survive the termination of the Lease 18.2 As used in this lease,the term"Hazardous Materials"means(a)any "hazardous waste"and/or"hazardous substance"defined pursuant to any Environmental Laws, (b)asbestos or any substance containing asbestos,(c)polychlorinated biphenyls;(d)lead;(e) radon,(f)pesticides,(g)petroleum or any other substance containing hydrocarbons;(h)any substance which,when on the Premises,is prohibited by any Environmental Laws;and(i)any other substance,material,or waste which,(i)by any Environmental Law requires special handling or notification of any governmental authority in its collection,storage,treatment,or Page 4-MONTH TO MONTH LEASE EXHIBIT B, Page 4 of 7 50014-708451687324_11P/11/14/1015 disposal,or(ii)is defied or classified as hazardous,dangerous,or toxic pursuant to any legal requirements. As used in this Lease,the term"Environmental Laws"means any and all federal, state,and local laws,statutes,codes,ordinances, regulations,rules,or other requirements, relating to human health or safety or to the environment,including,but not limited to,those applicable to the storage,treatment,disposal,handling,and release of any Hazardous Materials, all as may be amended. 19. Delivering Up Premises on Termination. At the expiration or earlier termination of the lease,Lessee will peaceably deliver up the Premises to Lessor,free of any items not abandoned by Lessee and free of all Hazardous Materials, 20. Default. Lessee shall be in default under this Lease if Lessee is in arrears in the payment of the rent for a period of five days after written notice of nonpayment,or if Lessee fails to do,keep,perform or observe any of the covenants and agreements contained herein and such default shall continue for 20 days or more after written notice of such failure is given to Lessee (provided,that Lessee shall not be in default if such failure reasonably requires more than 20 days to cure and lessee commences such cure within such 20-day period),or if Lessee is declared bankrupt or insolvent according to law,or if any assignment of Lessee's property is made for the benefit of creditors. 21. Remedies on Default. In the event of a default,the Lease may be terminated at the option of Lessor without recourse by Lessee.Lessor may reenter,take possession of the Premises,and remove any persons or property by legal action or by self-help with the use of reasonable force and without liability for damages and without having accepted a surrender. Following reentry or abandonment,Lessor may relet the Premises and make any suitable alterations or may refurbish the Premises or change the character or use of the Premises. The foregoing remedies shall be in addition to and shall not exclude any other remedy available to Lessor under applicable law. 22. Disputes. Any controversy which shall arise between Lessor and Lessee regarding the rights,duties or liabilities of either party under the Lease where the amount in dispute is less than$25,000 shall be settled by binding arbitration in accordance with the procedures of the Arbitration Service of Portland. The decision of the arbitrator shall be binding on the parties. If the total amount in dispute is greater than$25,000,the dispute shall be resolved in the courts of the State of Oregon. 23. Attorney Fees and Court Costs. In case arbitration or in the event any action is instituted to enforce compliance with any of the terms of this[.ease,or to collect the rent which may become due hereunder,the prevailing party shall be entitled to such sums as the arbitrator or court may adjudge reasonable as attorney's fees in such arbitration or action. The losing party agrees to pay such further sum as the arbitrator or court shall adjudge reasonable as the prevailing party's costs and expenses. 24. Corporate Authority. 'rhe individuals executing this lease on behalf of Lessor and lessee each represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of Lessee or Lessor,and in accordance with the laws of the state of Oregon and that this Lease is binding upon Lessee and Lessor in accordance with its terms. Page 5 -MONTH TO MONTH LEASE EXHIBIT B, Page S of 7 50014-708451687324 11PI1211412015 24. Waiver. Any waiver by either party of any breach of any covenant herein contained to be performed by the other party shall not be deemed as a continuing waiver,and shall not operate to bar or prevent either party from declaring a forfeiture for any succeeding breach,either of the same condition or covenant or otherwise. 26. Notices. Any notice required by the terms of this Lease to be given by one party hereto to the other or desired so to be given,shall be sufficient if in writing and personally delivered or mailed by certified or registered mail with postage prepaid,addressed to the party at the address set forth on the first page of this Lease. Any such notice shall be deemed conclusively to have been delivered to the addressee thereof on delivery,if personally delivered, or 48 hours after the deposit thereof in Oregon in the United States mail. 27. Heirs and Assigns. All rights,remedies and liabilities herein shall inure to the benefit of and bind the heirs,executors,administrators,successors and,so far as this Lease is assignable by the terms hereof,to the assigns of such parties. 28. Estoppel Certificate. Lessor and Lessee agree promptly to execute and deliver to the other party a statement in writing certifying that this Lease is unmodified and in full force and effect(or if there have been modifications,that the same is in full force and effect as modified and stating the modifications),whether any party is in default or breach of this Lease or,with the giving of notice of lapse of time,or both,would be in default or breach of this Lease, and the date to which the basic rent and other charges have been paid in advance,if any. 29. Entire Agreement This Lease contains the entire agreement between the parties regarding the subject matter hereof and cannot be amended except by a written instrument subsequently executed by the parties hereto. 30. Quiet Enjoyment. Lessor will defend Lessee's right to quiet enjoyment of the Premises from the lawful claims of all persons during the Lease Term. WITNESS WI-IEREOF,the respective parties have executed this instrument then`� day of .7vn ,2015. LESSOR LESSEE City of Tigard, Jessica Rutherford an Oregon municipal corporation DBA Double J Cache Nail Boutique �nn I' BC- '1�—__ By:&syt u• Page 6—MONTH TO MONTH LEASE EXHIBIT B, Page 6 of 7 50014-708451687314_1�P/12/14/2015 Exhibit A Authorization Agreement for Direct Payments AUTHORIZATION AGREEMENT FOR DIRECT PAYMENTS(ACH DEBITS) I hereby authorizer^,, Ahcreinafter cal led COMPANY,to initiate debit entries to my Checking Account in ted flow at the depository financial institution named below,hereafter called DEPOSITORY,and to debit the same to such account. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S.law. Depository Name: (,( S &ko j- Branch: S La 206J- City: 10KkVLk0C0J Slate: Q cett..-, Zip: Amount of each Monthly ACH Debit: S Date of ACH Debit:First of each month beginning 10-01-2011 This authorization is to remain in full force and effect until COMPANY has received written notification from me of its termination in such time and in such manner as to afford COMPANY and DEPOSITORY a reasonable opportunity to act on it. Name: FED ID Number. Date: By: Name: Title: PACE I—Ex"IBITA soora7�oucm.«nrrda dim. �rdq +uJrb+eyfn,wiszois EXHIBIT B, Page 7 of 7 5001 4-70845 1 687324_l I G/12/14/2015 Norma Alley From: Sean Farrelly Sent: Monday, December 14, 2015 8:58 AM To: Norma Alley Subject: FW: Tigard/Saxony Closing docs (for your review) Attachments: ASSIGNMENT OF LEASE - Hillers.pdf; Assignment of Lease - Domestic Line, Inc..pdf; Promissory Note.pdf; Statutory Warranty Deed.pdf; 12_9_15 OR Preliminary Title Report- N.PDF; FIRPTAaff.PDF Hi Norma- Here are the docs for the CCDA closing on Saxony. Should I print them out? See you at 1:30. Sean From: Dan Olsen [mailto:dan.olsen@jordanramis.com] Sent: Thursday, December 10, 2015 11:42 AM To: Sean Farrelly; Toby La France Subject: FW:Tigard/Saxony Closing docs (for your review) Here are the final documents. In addition to Angela's comments below, please note that we are assuming that the CCDA/City will handle the various cost's internally, rather than cutting checks at closing. Same for taxes if you decide to apportion them. Let us know if you have any concerns. From: Angela Johnson Sent: Thursday, December 10, 2015 10:49 AM To: Dan Olsen Subject: Tigard/Saxony Closing docs (for your review) [IWOV-Worksite.FID1549759] Dan will you review my draft email to Sean and Toby? Sean and Toby, Attached are the closing documents for the Tigard/CCDA transaction. Please review them, and let us know if you have any comments. We've sent the deed to the title company to review the legal description and exceptions, as part of the title insurance process. The CCDA will need to pay the City$1.00 and will be responsible for payment of the recording of the deed. Given that you can record electronically, we'll let you handle the actual deed recording, unless you want us to do it. The City will be responsible for the payment of the title insurance policy. The City may also need to file a 1099 form with the IRS, but we figure that Toby probably knows more about that than we do. We can look into it further if you need us to do that. Thanks, Angela ANGELA JOHNSON, JD Paralegal Jordan Ramis PC Attorneys at Law Direct: 503-598-5555 Main: 503-598-7070 City of Tigard rNlflRFICORDS TIGARD New Records Transmittal Department: Community Development Division Code: 3700 Date: October 1, 2015 Prepared by: Sean Farrelly Extension: 2420 Dept. Box No. Description Dates Retention Code Two leases for Saxony property 10/1/15 * * * TO BE COMPLETED BY RECORDS DIVISION STAFF LaserficheI'es ❑ No Vault 9Yes ❑ No Entered by: ,��' Date: 0 ek� S- I/Design and Communications/Records/New Records Transmittal—1/6/11 Norma Alley J/11i From: Sean Farrelly Sent: Monday, July 13, 2015 5:56 PM 1 ,� To: Norma Alley Subject: RE: Records We'll be sending the property file over in the next few weeks. 1 U Sean Farrelly �- Redevelopment Project Manager City of Tigard/City Center Development Agency 13125 SW Hall Blvd Tigard, OR, 97223 503-718-2420 From: Norma Alley Sent: Monday, July 13, 2015 5:52 PM (1/f 100 l To: Sean Farrelly Subject: RE: Records Hi Sean, I'm not sure what to do with this letter. It's something that should go in the property file and I don't see that was forwarded to Records yet. Do you have that or do you know if the person who does will be sending the property file this way? Norma,41ky, 30C Deputy City�,ecorcfer City of Tigard (503)718-2410 From: Sean Farrelly Sent: Thursday, July 09, 2015 5:20 PM To: Norma Alley _ Subject: Records Hi Norma- Please send this DEQ"No Further Action Letter" on 12800 and 12770 Ash Ave(public works yard)to Records. Thanks, Sean Sean Farrelly Redevelopment Project Manager City of Tigard/City Center Development Agency 13125 SW Hall Blvd Tigard, OR, 97223 503-718-2420 1