Laserfiche WebLink
June 27, 1988 <br />Peter D. MacDonald <br />City Attorney <br />City of Pleasanton <br />123 Main Street <br />Pleasanton, California 94566 <br />Re: Ridge View Common <br />Construction Loan Documents <br />Dear Mr. MacDonald: <br />As counsel for Eden Housing, Inc., a California nonprofit <br />corporation (the "Borrower "), I have prepared or reviewed the <br />following documents: Construction Deed of Trust, Promissory Note <br />in the amount of $10,360,000.00, Building Loan Agreement, <br />Security Agreement, Assignment of Rents & Lessor's Interest in <br />Leases, Construction and Permanent Deed of Trust, Promissory Note <br />in the amount of $4,000,000.00, the HDG Loan Agreement, other <br />collateral construction loan and HDG loan documents, and the <br />organizational documents of the Borrower. <br />Based upon my review of the above documents, I am of the <br />opinion that: <br />1. The Borrower is duly organized, validly existing and in <br />good standing under the laws governing its creation and existence <br />and is duly authorized and qualified under the laws of the State <br />of California to transact its business in the State. <br />2. The above - referred documents have been duly authorized, <br />executed and delivered by the Borrower, and each document consti- <br />tutes a valid, legal and binding agreement, and is enforceable at <br />law or in equity by the City of Pleasanton against the Owner, <br />except as the enforcement thereof may be limited by applicable <br />debtor relief laws. <br />JHG /msh <br />17:oattyopn.ltr <br />LAVV OFFICE OF <br />JOYCE HIYAMA GLATT <br />1939 ADDISON STREET SUITE A <br />BERKELEY CALIFORNIA 9 470 4 -1101 <br />Very truly yours, <br />Telephone (415) 644 -2146 <br />Telecopler (415) 644 -3573 <br />