Common Contracts

PREDEVELOPMENT LOAN AGREEMENT

Predevelopment Loan Agreement • November 2nd, 2023 • California

• Contract Type
  Predevelopment Loan Agreement
• Filed
  November 2nd, 2023
• Jurisdiction
  California

THIS PREDEVELOPMENT LOAN AGREEMENT (“Agreement”) is entered into effective as of , 2023 (“Effective Date”), by and between the CITY OF CAPITOLA, a California municipal corporation (“City”), and MP Rail Trail Associates, L.P., a California limited partnership (“Borrower”). The City and the Borrower are referred to herein individually as a “Party” and collectively as the “Parties.”