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HomeMy WebLinkAboutMOLA DEVELOPMENT CORPORATION - OWNER PARTICIPATION AGREEMENT (OPA) FOR CONSTRUCTION OF CHARTER CENTRE - 1984-06-04i �. e Ji CITY OF HUNTINGTON BEACH 2000 MAIN STREET OFFICE OF REDEVELOPMENT May 10, 1985 Mr. Frank Viola, President Mola Development Corporation 8072 Adams Avenue Huntington Beach, California 92646 Dear Frank: CALIFORNIA 92648 Enclosed you will find a fully executed copy of the Charter Centre Disposition and Development Agreement for transmittal to your appropriate staff members to Implement the provisions of the Agreement and related attachments. We look forward to the successful completion of your project, and thank you for your continuing cooperation in respect to this matter. Should you have any questions regarding the Agreement, please feel free to contact me, Paul Cook, Jim Palin, or Les Evans at your convenience. incerely, ouglas La Belle, Deputy Ci y Administrator/Redevelopment DLB:lp Enclosure xc: Paul Cook, Public Works Director Les Evans, City Engineer Jim Palin, Development Services Director Dick Harlow, Harlow & Associates Telephone 1714) 536-5582 Authorized to Publish 1 dve 1SuP ent Court Io1�an9eng ublic notices by Decree California, Number A-6214, dated 29 September, 1961. and A-24831. dated 11 June. 1963. STATE OF CALIFORNIA County of Orange atl�Kll.Moo" w+e 10 p• er+a'—wnh I am a Citizen of the United States and a resident of the County aforesaid: I am over the age of eighteen years. and not a party to or Interested in the below entitled matter. I am a principal clerk of the Orange Coast DAILY PILOT, with which is combined the NEWS -PRESS, a newspaper of general circulation, printed and published in the City of Costa Mesa, County of Orange. State of California, and that a Notice of Public Hearing of which copy attached hereto is a true and complete copy. was printed and published in the Costa Mesa, Newport Beach, Huntington Beach, Fountain Valley, Irvine, the South Coast communities and Laguna Beach issues of said newspaper for 2 -- consecutive weeks to wit the Issue(s) of April 4 , 198 5 April 11 ' 198 5 , 198 198 I declare, under penalty of perjury, that the foregoing is true and correct. Executed on April i 1 1198 5 at Costa Mqia. California. Signature APP1tOYED BY CITI' CO Usti CIL I90 PUBLIC MOTtCE NOTICE OF . JOINT PUBLIC . HEAPING "EoEVE�op1teff A AaERCr USE OF TAX INCREMENT ra"AINUEY CHARTER CENTRE PROJECT NOTICE IS HEREBY GIVEN . Prat a Point public i,at e" M W be Reif by the C I t y C 0 u n- cil/Redovlllppment Agrlcy Of the Cdy of HuninVion Beach, • in the Council Chamber of the Civic Center, Hunbr%lon Basch. at the hour or 7.30 PLM., or Soon thereeftar as poss- ible an Monday, the ISM day of April, 1985. for the purpoaa of considaring the use of certain tax increment rwwnueo lag doacrtbed In Sectloq 3WO (b) of the Cali- : fornie Haafth and Sefsty Coda to pay the cost of lamp for and Inglagown and con- structkn of IkAft )000,ned buadPngs or taoWtiae as pa►1 Of the Charter CwNre Proiat wthin the Oaavielr Re- devoloPrrlent Pro(ett Area (warner . Avenue -Beach Boulevard). A summary of PIN Im. prorMneME to be provWed OW the cos. Merew IS avail. theme City CWk'S � MOM Streed. HunfNgton Baad1. California. - AN imartism pavane an Irw+lfod to atteWe said how - lag and eapreas - their apP WIS for Or ■gaMae seed Mettler. rmrvw dhorn tPet]f be obrine�e Of the 0.1y Clerk. 2000 Main Street. Hun 0a-01. California 4w - (714) 53e-li227. CM OR HUNTBi07.ON ItEACN, By: Alfela M. Nei Nei 016 Cft Choir , CHY Kafllfs Bosch C�• Puwwed orange cow )My Plkt April 4, 11. INS . CITY CLE1t.K y 3 PROOF OF PUBLICATION y/ NOTICE OF JOINT PUBLIC HEARING CITY COUNCILIREDEVELOPMENT AGENCY USE -OF JAX -INCREMENT REVENUES LHARILR Mit(c-eROjELI NOTICE 15 HEREBY GIVEN that a joint public hearing will be held by the City Council/Redevelopment Agency of the City of Huntington Beach, in the Council Chamber of the Civic Center, Huntington Beach, at the hour of 7:30 P.M., or as soon thereafter as possible on Monday, the 15th day of April, 1985, for the purpose of considering the use of certain tax increment revenues (as described in Section 33670 (b) of the California Health and Safety Code to pay the cost of land for and installation,and construction of publicly -owned buildings or facilities as part of the Charter Centre Project within the D Ak%)itAu Redevelopment Project Area (Warner Aver.ue-Beach Boulevard). A summary of the improvements to be provided and the cost thereof is available for public inspection at the City Clerk's Office, 2000 Main Street, Huntington Beach, California, All interested persons are invited to attend said hearing and express their opinions for or against said matter. Further information may be obtained frcm the Office of the City Clerk, 2000 Main Street, Huntington Beach, California 92648 - (714) 536-5227. Dated: April 3, 1985 CITY OF HUNTINGTON BEACH By: Alicia M. Wentworth City Clerk, City of Huntington Beach Clerk, Huntington Beach Redevelopment Agency U10 FID MUNTINGTON BEACH ! i CITY OF H UNTINGTON BEACH CITY COUNCIL COMMUNICATION• • • CITY COUNCILMEMBERS and CHARLES W. Redevelopment Procedures TO THOMPSON, City Administrator FROM Committee SUBJECT CHARTER CENTRE DATEApril 15, 1985 The Charter Centre project is in the Oakview Redevelopment area and as such is the redevelopment project with the greatest potential for providing tax increment funds to date. In assisting such a project to come into a redevelopment area and in encouraging the most beneficial project for the city, redevelopment law empowers the redevelopment agency to negotiate a development agreement with the developer. The terms of such an agreement can include incentives to development such as financial assistance, write down of property cost, provision of physical improvements, etc. In the case of Charter Centre, the city is not assisting in financing. It has, however, negotiated an agreement for providing offsite street improvements and the council has agreed to defer fees. Completely aside from the redevelopment aspect of such a project, the procedural- steps -and- hearings - at-- the planning__commiss ion ---_-_' .----__ _ and development services level must be adhered to. The Charter Centre project has gone through all these steps. It is in the meshing of the redevelopment and planning procedures that there has been confusion. Last June, the City Council approved a development agreement and at the same meeting agreed to a deferral of fees, if legal, on - the Charter Centre project. The Council has been unaware that during the months that have passed since that action, revisions to the development agreement were being negotiated. Also being discussed were alternatives for handling the deferral of fees. Participants in these dis- cussions were Redevelopment attorney, City Attorney representative, Development Services, Administration and the developer. - The alternatives of final choice looked at for deferring fees were the adoption of an ordinance, recommended by the City Attorney's office, or the payment of the fees by the redevelopment agency to be repaid by the developer to the agency at 11% interest. The latter method is the recommendation of -the redevelopment staff, partly because the ordinance route would seem to encourage fee deferral which is not necessarily the goal. Charter Centre Memo Page Two April 15, 1985 The delay in the re -negotiation of the development agreement was largely caused by study of whether the Huntington Beach Company needed to be part of the agreement. Huntington Beach Company concerns about the agreement details became cumbersome since all decisions had to go to San Francisco for approval. It was determined after careful legal analysis, that the company's interest was only in thb underlying land ownership and not in the development. Therefore, the Huntington Beach Company did not need to be part of the agreement. All of this took an inor- dinate amount of time. In the meanwhile, the project had gone through the full spectrum of development approvals. The only step remaining was the deter- mination of the proper method to defer fees. The Planning Director allowed the project to start but required the developer to provide letters agreeing to pay the fees within 7 days if for any reason there was a decision of the council not to defer fees. Permits were issued. On the high rise and. parking structures, grading and foundation permits were issued but the Director held back the building permits, feeling this -would hasten a resolution of the fee question and development agreement negotiations. All inspections of the project have taken place. There is no question that the Director of Development Services had the legal authority. From everything -the committee has read and heard, the only difference in handling this project as opposed to other projects, from the standpoint of the Development Services Department, has been the vacillation on the method of establishing fee deferral. The only harm seems to have been from the anonymous innuendos. The fee deferral was a clear direction of the council. Such a deferral can be handled legally. The project receives and received proper scrutiny. Fee deferral is not unique to this project. Fees were waived in the Lyons development agreement for the senior housing and condominium redevelopment project and park fees were deferred in the Breakers redevelopment project. The Sanitation District'de£ers fees also. There is, however, a procedural and record -keeping weakness in the redevelopmental process which must be clarified and corrected. At the present time, we have relatively few'redevelopment projects to follow. If the redevelopment direction continues, there will be a number of large redevelopment projects in the near future. If the policy of the council is to provide financial incentives particularly in encouraging the first large downtown redevelopment projects, a clear trail of decisions and steps must be available at all times. This can only be maintained if consistent basic procedures are agreed on and followed. -41 Charter Centre Memo Page Three April 15, 1985 In conclusion, the committee feels there has been no basic wrong doing. The criticism the cormittee has is of the delay in this case, particularly because no effort was made to keep the council informed; and the lack of clear-cut procedures. The committee recommends that the council insist on knowing where the city is in any redevelopment project at all times; and, that the type of enabling steps or choices of steps for implementing the various redevelopment goals be readily available so that any special treatment negotiated under redevelopment law can be comfortably and easily handled by the various departments of the city. Attachment 141,Wr CHARTER CENTRE - CHRONOLOGY OF OPA AND RELATED EVENTS 5-21-84 OPA considered and continued by Agency/City Council. 6-01-84 Mola transmits estimate of costs for planning studies. 6-04-84 OPA and attendant resolutions approved by Agency/City Council. Additional direction that fees be deferred if legally possible given by Agency/City Council (fee deferral transcends scope of agreement as approved). 6-11-84 Proposed Ordinance as means•to defer fees transmitted by City Attorney to interested parties. 6-12-84 Health Club plans submitted for plan check. 6-20-34 Foundation permit only; office building and parking structure issued. •6-22-24 Final structural plans submitted; office buildings. 7-84 - First Amendment to OPA to accommodate fee deferral drafted and 8-84 circulated. 7-24.84 Proposed Amendment and attendant resolutions transmitted to City Attorney for review and approval.--- 8-27-84 Redevelopment staff requests City attorney to draft "pro -forma" amendment to City/agency Cooperation Agreement, specifically referencing applicability to pending Charter Centre Agreement. 10-03-84 Huntington Beach Company provides written comments on draft Agreement to Mola. 10-15-84 Building permit issued for Health Club. 10-17-84 Redevelopment staff transmits Huntington Beach Company comments to Agency Special Counsel. 10-22-84 Redevelopment staff meets with Mola representatives regarding Agreement and potential cash payment to Mola from sale of Tax Allocation Bonds. ' 10-231-84 Redevelopment staff and Department Heads meet with Mola, Huntington Beach Company representatives. Department Heads to comment on Agreement. 10-30-84 Redevelopment staff receives Department Head comments. 11-01-84 Redevelopment staff received phone message from Mola incating that he is considering document and wants to discuss with his staff who are out of town. V k'..) CHARTER CENTRE CHRONOLOGY OF OPA AHD RELATED EYEINTS Page Two 12-04-84 Agency Special Counsel transmits revised draft Amendment incorporating provisions of prcposed amendment, deferral of fees, and requiring developer to obtain consent from any other involved parties. Huntington Beach Company removed as signator. Tax Allocation Bonds prove infeasible and discussion regarding Tax Allocation notes terminates. 12-26-84 Redevelopment staff transmits revised draft Agreement to Mola. Various meetings cccured to discuss Agreement. 1-11-85 Restaurant plans submitted for plan check. 1-21-85 Agency Special Counsel transmits revised draft incorporating comments received to data. 2-06-85 Theatre plans submitted for plan check. 2-08-85 Redevelopment staff transmits revised Agreement to City Attorney. 3-08-85 Building permit Issued on restaurant building. 3-14-85 Agency Special Counsel transmits revised draft incorporating.. provisions that developer construct public improvements (not Agency) and Agency agrees to purchase improvements upon completion. 3-31-85 Agency Special Counsel transmits revised draft based on comments received to date. 4-01-85 Final draft received by Agency staff and Agenda packet prepared. 4-08-85 Second restaurant plans submitted for plan check. 9 SPECIFIC IMPLEMENTATION AGREEMENT AN AGREEMENT BETWEEN THE CITY OF HUNTINGTDN BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY CARRYING OUT OPERATIVE; AGREEMENT NO. 3 WITH RESPECT TO THE OAKVIEW REDEVELOPMENT PLAN THIS AGREEMENT is entered into this /,j ZZ, day of �i� _ ^, 1985, by and between the City of Huntington Beach, a municipal corporation (the "CITY") and the Redevelopment Agency of the City of Huntington Beach, a public entity authorized to transact business pursuant to the provisions of Section 33000 et se . of the California Health and Safety Code (the "Agency"). W I T N E S S E T H: WHEREAS, pursuant to Section 33220 of the Health and Safety Code, the City may enter into agreements with respect to the furnishing of certain public improvements; and Pursuant to the Cooperation Agreement between the City and the Agency, dated June 20, 1983, the City has agreed to assist the Agency in carrying out the implementation of the Oakview Redevelopment Plan; and Pursuant to the Operative Agreement No. 3 between the City and the Agency, dated June 30, 1983, the City has further agreed to assist in the construction of public improvements as set forth in development agreements for the Oakview Project Area; and The deferral by the City of receipt of certain fees as set forth in an Owner Participation Agreement (the "OPA") by and between the Agency and Mola Development Corporation, a California corporation, (the "Participant") is necessary to facilitate the orderly completion of the development activities encompassed by such CPA; and The implmentation of the OPA is in the best interests of the public health, safety, welfare and morals, and shall benefit the Oakview Project Area; NOW, THEREFORE, the City of Huntington Beach and the Redevelopment Agency of the City of Huntington Beach agree as follows: Section 1. In consideration of the agreement by the Agency to pay such fees pursuant to the OPA, the City agrees to defer receipt of fees arising from the undertaking and construction of those improvements to be provided by the Participant pursuant to the OPA. The deferral shall be for so long as is necessary for the Agency to accumulate sufficient tax increment funds (funds received by the Agency pursuant to Section 33670(b) of the California Health and Safety Code) to pay to the City the amounts of such fees consistent with the implementation of the Oakview Redevelopment Plan. The obligation of the Agency to make payment hereunder shall, at the election of the Agency, be subordinated to all other obligations of the Agency heretofore or hereafter incurred. The obligation of the Agency to the City hereunder shall constitute an indebtedness within the meaning of Sections 33670 and 33675 of the California Health and Safety Code. The amounts due hereunder shall bear interest at the rate of ten (10%) per annum. Section 2. The City shall keep such accounting records as will enable the City and the Agency to determine the amount of fees receipt of which is deferred by the City, and the amounts owing by the Agency to the City hereunder. Section 3. This Agreement has been authorized to be executed by action taken by the Huntington Beach City Council on April 15 , 1985, by Resolution No. 55n9 , and by the Redevelopment Agency of the City of Huntington Beach on April 15 , 1985, by Resolution No. 118 Section 4. If any portion or section of this agreement is declared to be contrary to law or unenforceable, then only that portion or section shall be stricken as mutually agreed by the parties to this Agreement. Such declaration of invalidity or unenforceability shall not affect the remainder of this Agreement. IN WITNESS THEREOF, the parties hereto have executed this Agreement as of the date first above written. REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH CITY OF HUNTINGTON BEACH ATTEST: City/Agency Clerk REVIEWED -AND AP nistrat APPROVED AS TO FORM: City Attorn /Agency Cer&sel G5 " ces APPROVED: City Administra or/Ch' f Executive Officer INITIATED AND APPROVED: Deb ty Director of Redevelopmentent APPROVED AS TO FORM: Special Agency unse:i REQUEST FOR CITY COUNCIUREDEVELOPMENT AGENCY ACTION RH 85-15 Date April 3, 1985 F Submitted to: Honorable Mayor and City Council Members/Honorable Chairman and Redevelopment Agency Members .�,-- Submitted by: Charles. W. Thompson, City Administrator/Chief Exe utive ffi r 01 Prepared by: Douglas N. La Belle, Deputy Director of Redevelopmen Subject: CHARTER CENTRE OWNER PARTICIPATION AGREEMENT C;3nsistent with Council Policy? [x j Yes [ j New Policy or Exception Statement of Issue, Recommendation, Analysis, Furxlinq Source, Alternative Actions, Attachments: �2 STATEMENT OF ISSUE: Consistent with the approval in concept and further direction offered by the City Council/Redevelopment Agency at its meeting of June 4, 1984, transmitted herewith is a revised Owner Participation Agreement between the Redevelopment Agency and Mola Development Corporation regarding the Charter Centre Project in the Oakview Redevelopment Project Area. RECOMMENDATION: After the conduct of the required public hearing, approve and authorize the execution of the Owner Participation Agreement between the Redevelopment Agency and Mola Development Corporation and adoption of the attached resolutions. ANALYSIS: Since the original approval by the City Council/Redevelopment Agency of the Owner Participation Agreement between the Redevelopment Agency and Mola Development Corpo- ration for the Charter Centre Project, the document has been revised to include additional points of clarification. While the business points of the Agreement remain the same as in the originally approved document, there have been three alterations to its structure. These three changes are as follows: 1. The Huntington Beach Company — has been removed as the signator to the document. 2. Consistent with the Agency intent - language has been incorporated to accommodate the deferral of building permit fees. 3. Language has been incorporated to accommodate the agreement through which Mola Development will build the public improvements related to the project, which will subsequently be acquired by the Redevelopment Agency and conveyed to the city. The developer and Redevelopment Agency obligations under this Owner Participation Agreement are summarized in the attached memo (April 1, 1985) and in the summary of the Owner Participation Agreement required by Section 33679 of the Health and Safety Code, also attached. **'*'V , C'.. ALTERNATIVE ACTIONS: 1. Do not approve the OPA. 2. Refer the OPA back to staff for further amendments. FISCAL IMPACT: This agreement creates financial obligations for the Redevelopment Agency as outlined in the attachments. Debt to be repaid through periodic payments of tax increment accruing to the Redevelopment Agency. � t 1. Resolution Numbers , ', , < 2. Memo dated April 1, 1985. 3. Summary of Owner Participation Agreement. DNL:SVK:lp:sr tj Re) LAV HLATNGTON BE404 CITY OF HUNTINGTON BEACH INTER -DEPARTMENT COMMUNICATION To Charles W. Thompson City Administrator Subject OUTLINE OF BUSINESS POINTS CHARTER CENTRE OWNER PARTICIPATION AGREEMENT From Douglas N. La Bell Deputy City Admin for RedevelopmE Date April 1, 1985 I would like to take this opportunity to summarize for you the business points of the pending Owner Participation Agreement between the Huntington Beach Redevelopment Agency and Mola Development, Inc. regarding the Charter Centre project. The most pertinent business points are as follows: Developer Obligations 1. Mola Development, Inc. agrees to build Charter Centre improvements of a value not less than $35 million. 2. Mola Development, Inc. agrees to prepare plans for and build all public improvements required for the Charter Centre project and sell these improvements to the Redevelopment Agency at cost plus expenses. Redevelopment Agency Obligations 1. The Agency agrees to advance to the City the permit fees normally due on the Charter Centre project (approximately $260,000) and the developer agrees to repay the Agency this amount over a maximum of five.years at 11 percent interest per annum: 2. The Redevelopment Agency agrees to purchase the public improvements at cost.- (approximately $1,160,000) plus escrow fees and other expenses, plus $438,930 for acquisition of street right-of-way, plus interest at 11 percent per annum. To repay this debt, the Agency will pay the lesser of: The Agency may make annual installments on July 1 each year until principal and interest (as described in 2 above) are fully paid; OR the Agency may pay 65 percent of the tax increment accruing from the Charter Centre improvements each year on July 1 for a period of ten years. I hope this information will be of assistance to you in summarizing the contents of the pending Owner Participation Agreement between the Huntington Beach Redevelopment Agency and Mola Development, Inc. If you should have any questions, please do not hesitate to contact me. ONL:SVK:sar �+ SUMMARY OF CHARTER CENTRE OWNER PARTICIPATION AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND MOLA DEVELOPMENT CORPORATION The following summary of the Owner Participation Agreement for the Charter Centre Project is provided pursuant to the requirements of Section 33679 of the California Health and Safety Code (as amended). a) The principal amount of the Redevelopment Agency's obligations through the provisions of this OPA to acquire public improvements and public right-of-way is estimated at approximately $1,700,000, excluding interest payments. The maximum obligation of the Agency will not exceed $350,000 per annum for a period of ten (10) years or Three Million Five -Hundred Thousand Dollars ($3,500,000), including principal and interest installments. The public improvements are more fully described in the Scope of Development (Attachment No. 4 to the OPA). b) The legislative body has fount] that the construction and acquisition of the public improvements will be of benefit to the Project Area and the immediate neighborhood; and that there is no other reasonable means of financing such public improvements available to the community without limitation, including the deferral of city fees. c) The Agency has carefully reviewed a draft of the OPA between the Agency and Mola Development Corporation and has determined that the execution and implementation of the OPA will promote the Redevelopment Plan and the public health, safety and welfare. 0774h EXHIBIT "A" 4 a , , OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND MOLA DEVELOPMENT CORFORATION FOR THE CHARTER CENTRE PROJECT WITHIN THE OAKVIEW REDEVELOPMENT AREA CITY OF HUNTINGTON 8�,:ACH 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK June 20, 1988 Mola Development Corp. 808 Adams Avenue Huntington Beach, CA 92646 Enclosed you will find a conformed, recorded copy of a grant deed which was executed concurrently with the Charter Centre Disposition and Development Agreement. Alicia M. Wentworth City Clerk AtTd:bt Enclosure (Telephone: 7145-34"2271 RECORDING REQUESTED tso) Sre W9114 11Cek11e Il+lri 1n11 s1ES gas Sal11s SINHUM Seem ak1e� Mall ia; IrA1lYkei 1/• NOMS )LA DEVELOPMENT CORPORATION s+reel 8072 Adams Avenue Aaateea Iluntington Heach, Calif. 92646 c+lr a seise L J r� MAIL TAX STAYEI.IENTs TO '' l Name 1 1 Aa sea SAE AS ABOVE Lehi & a1 e1e L _..] tint note It Eueerr ao. SPACL ARM THIS t.INr POlI IIECORDEII'tt USE QUITCLAIM DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX Is $ [] computed on full value of property conveyed, or [] computed on full value less value of flens or encumbrances remaining at lime of sale. [] unincorporated area 0 cityofr. I11111t 1110011 ficact] ,AND FOR A VALUABLE CONSIDERATION, receipt of which Is hereby acknowledged, TIIC REDEVELOPMENT ACENCY OF THE CITY OF 11UNrINGTON BEACH, A PUBLIC AGENCY hereby remise, release and forever QUITCLAIM to HoLA DEVELOPMENT CORPORATIONS A CALIFORNIA CORPORATION the following described real property In the CITY OF IttINTIt1GTON hEACl[, County of ORANGE , State of California: TIMT REAL NROPEit'rY DESCRIBLD IN EXIMSIT "A" ATTACHED IILRrrO AND MDE A VART HeRE:OF. TIITS phElu IS GIVEN TO RECONHY TO GRANTEE THE REAL PROPERTY ERRONEOUSLY CONVEYED BY CHANTI-_'E IIE'REIN TO CRA14TOR HEREIN IN IIEEI) RECORDED .111149 131 1985 AS INSTRIMEN't. ZvUt1Bt K 135-21559I. ���- TIIE ItEDEVELOPH <N'f AGENCY OF THE CITY OF HUNTINGTON BEACH STATE of CALIFORNIA SS, COUNTY OF —On — before me. Ilia undersigned, A Notary Public In and for sold Stale. personally &;peered known to me to bd the person whose name - subscribed 10 the wlthln Instrument snd acknowledged that axsculed the same. WITNESS my fiend and offlclal seal. Signature NOTARY PUALIC IN AND FOR SAID STATE IThle erect lot olhelal 66160141 eesl) ;*. FXII l IS 1T NAy PARCEL I: Commencing at Lite NorLheasL corner of Lite Northeast quarter of Lite Northeast civarter of Section 26, Township � South, Range 11 West, S.B.B.6 It.; theur.e Went, along the North line of said Section 26, 417.42 feet; thence South, parallel to tl(e East line of said Section 26, 417.42 feet; thence last, parallel to Lite North line of Bald Section 26, 4E7.42 feet and thence North altutg the Fast line of said Section 26, 417.42 feet to the point of beginning. Excepting Lite interest In that portion of said land conveyed to the County of Orange for public highway purposes by deed recorded March 31, 1954, in Book 2699, Page 412 of Official Records and re -recorded April 20, 1954, in Book 2713, rage 147, of Official Records incltided within Lice following described land: A strip of land 40 feet in widLli adjoining and Southerly of the Northerly line of Section 26, Township 5 South, Range 10 West, S.B.B. S M.; anti extending from a line which is parallel with and 30 feet West of the Easterly line of said Section 26, said parallel line being also Lite West line of tl(e right of way of Iluntington Beach Boulevard, Westerly a distance of 843.42 feet to the center line of Ash Street as shown on a map of Tract No. 368, recorded Lit Bonk 15, Page 31 of Miscellaneous flaps, records of Orange County, California. The intersection of the Southerly line line of the right of way for ]iuntingLon curve having a radius of 17.00 feet. PARCFI. 2: of the said 40-foot strip with the Westerly Beach Boulevard shall be rounded with a Lots 1 to 16 both inclusive of Block A of !inures Home Place, Tract No. 368, as shown on a map recorded in Book 15, Page 3t of Miscellaneous flaps, records of Orange County, California, together with all that certain alley 20.00 feet in width in Block A and all of Elm Street 40.00 feet in width adjolning Lite Easterly line of said Block A, as shown on a map of Tract 368, recorded in Book 15, Page 31 of 111scellaneous flaps, records of Orange County, California, abandoned by Order of the Board of Supervisors of the County of Orange, n copy of which was recorded July 23, 1948, 1n Rook 1674, Page 321 of Official Records. Excepting the interest In that portion of said lan(1 willeli was conveyed to the County of Orange, for public higliway purposes by deed recorded March 31, 1954, in Book 2699, rage 412, of Official Records and re -recorded April 20, 1954, in Book 2713, Page 147 of official Records included within the followtng described land: A strip of land 40 feet in width adjoining and Southerly of Cite Northerly line of Section 26, Township 5 South, Mange 10 West, S.B.B. 6 It; and extending from a line which is parallel with and 30 feet West of the Easterly line of said Section 26, Bald parallel line being also the West line of Lite right of way of Iluntington Beach Boulevard, Westerly a distance of 643.42 feet to the center tine of Ash Street as shown on a map of Tract No. 368, recorded In Book 15, rage 31 of fliscellaneaua 11aps, records of orange Cout(ty, California. The intersection of the Southerly line of the said 40 foot strip with tl(e Westerly line of the right of way for ilunt ington Beach Boulevard Hlfall be rounded with a curve 1(aving a radius of 17.01) feet. PARCEL. 3: LoL 1 in Block A of Tract 436, is shown on a map recorded in Bonk 16, Page 28 of Ills(-ellan-otss flaps, records of Orange County, California. PAR(:I;l. 4: The Went 193.71 feet of l.ot 2 in Block A of Tract No. 436, Morels flume Place Nu. 2, as shown on a map recorded in Book 16, Page 28 of Itlscellaneous flaps. records of Orange County, California. continued.... Y EX1:BIT'A CONTINUED..... PARCEL 5: The North 48 feet of the West half of Lot 3 In Block A of Tract No. 436, Moore's Home Place No. 2 as shown on a map recorded in Book 16, Page 28, of Miscellaneous Maps, records of Orange County, California. PARCEL 6; The North 48 feet of the East 193.71 feet of Lot 2, Block A, Tract No. 436, in the City of Huntington Beach, as per map recorded in [took 16, Page 28 of Miscellaneous Naps, in the office of the County Recorder of said County. F1,,.AMONT INSURANCE COMFY Burbank, Colifornla POWER OF ATTORNEY KNOW ALL MEN BV THESE PRESENTS. That FAIRMONT INSURANCE COMPANY, a California Corpt)ration, does hereby make, constitute and appoint Kim R. Smith as its true lawful Attorneys) -in -Fact, with full power and authority, for and on behalf of the Company as surety. to execute and deliver and affix the seal of the Company thereto, if a seal is required, bonds. undertakings, mcognizances, consents of surety or other written obligations in the nature therof. as follows: Any and all bonds, undertakings, recognizances, consents of surety or other written obligations in the nature thereof, and to bind FAIRMONT INSURANCE COMPANY thereby, and all of the acts of said Attomey(s)-in-Fact, pursuant to these presents, are hereby ratified and confirmed. This appointment is made under and by authority of the following Bylaws of the Company, which Bylaws are now in full force and effect: ARTICLE IV. Section 11. ATTORNEYS -IN -FACT AND ACENTS. The chairman of the board, the president, the vice president, the c le �nancu officer. or the secretary o the corporanon may appoint attorneysin fad or agents with power and authority, as defined or limited in their respective powers of attorne , for and on behalf of the corporation to execute and deliver, and affix the seat of the Corporation thereto, bonds. undertakings, recognizances, consents of surety or other written obligations in the nature thereof and any of said oficers may remove any such attorney -in -Fact or agent and revoke the power and authority given to him or her. ARTICLE IV, Section 14. AUTHORITY TO BIND. Any bond, undertaking, recognizance, consent of surety or written obligation in the nature thereof shali be valid and binding uppool the corporation when signed by the chairman of the 'board, the president, the vice president, the chief financial olfXer, or the secretary of the corporation and duly attested and staled, if a seal is required, by the secretary or assistant secretary, or shall be valid and binding upon the corporation when duly executed and sealed, if a seal is required, by a duly authorized attorney -in -tact or agent, pursuant to and within the limits of the authority granted by his or her power of attorney. This power of attorney is signed and sealed by facsimile tinder and by the authority of the following Resolu- tion adopted by the Board of Directors of FAIRtitONf INSURANCE COMPANY at a meeting drily called and held on the Ord day of October, 1983: RESOLVED that the signature of any officer authorized by the Bylaws, and the seal of the corporation, may be affixed by facsimile to any power of attorney or special power of att�tnty or certification of either given for the execution of any bond, undenak'n , recognizance consent of surety or other written obligation in the nature thereof; such signature and seal, when so used, being hereby adopted by the corporation as the original signature of such officer and the original seal of the corporation, to be valid and binding upon the corporation with e same force and effect as though manually affixed. IN WITNESS WHEREOF, FAIRMONT INSURANCE COMPANY has caused these presents to be signed by its proper officer and its corporate seal to be hereunto affixed this 22nd day of March of 1985 ae � moo; aet 6' o+ ►r=•'"'••:.`F N.FAIRMONT INSURANCE COMPANY APR.10 ! �_= By ISTO a rf CAL�T ss�,� 5i8wature t1enry r Wright, Vi� President �nhrMl{t1N�, � l t4.nt#d n U-S A CD1 , (Z/Aril State of California County of Cos Angeles . Henry F. Wright _ personally known to me, was by me duly sworn, and did depose and say: that he/she resides in the State of California; that he/she is the duly elected vice president of FAIRMONT INSURANCE COMPANY, the corporation described in and which executed the above instru- ment; that he/she knows the seal of said corporation; that the seal affixed to said instrument is such cor- porate seal; that it was so affixed by authority of his/her office under the Bylaws of said corporation, and that helshe signed his/her name thereto by like authority. Subscribed and sworn to me this 22nd day of March , 1985 OFFICIAL SEAL " HARRIET LAMBELL NOTARY PUBLIC" CALIFORNIA PRINCIPAL OFFICE IN LOS ANGELES COUNTY My Commission Expires Apr. 27,1983 CERTIFICATION Notary Public in and for said County and State. I, Trade A. Tsu7innW , the Assistant Secretary of FAIRMONT INSURANCE COMPANY, certify that the foregoing power of attorney and the above quoted Sections 13. and 14. of Article IV of the Bylaws have not been abridged or revoked and are now in full force and effect. Signed and Sealed at Burbank, California, this APR. 10 v i9TO: CALIF!, 15th day of JULY , 19 85 Originated by: Surety Manager. J Date of Origin: State of California County of ORANGE L , SS 1yl On this 15tfl djy of JULY in the year Ili 135 before me personcliy appeared KIM R. SMITH personally known to me (or proved to me on the bass of sotisfatfory evidence) to be the person whose name is subscribed to this instrument as the Anorney-in-Foct of- Fairmont Insurance Company , and Ccknowly that he subscribed the name of the J�id company thereto as surety, and his own name as Atto►nev-1n4ov. l _ / f OFFICIAL SEAL SHELLY L HOWERTON • +� � y � r Kotary Pectic - Cat; emirs ORANGE COUNTY Y toWt«,s.on fxCres tt� 6. 1?tlT S-318 (10-83) r�r+o*er "4H+MN4*H**+"N STATE OF CAUFORNIA COUNTY 0.- �_ } SS. On this A5 day of 195.E , before me, the undersigned. a Notary Public in and for said County and Swe. pelynally appeared persona y knovrn 14 or proved to mme on the tki_is of sat i factory evdence) to be the President. and Q -1 err _. s L V &,K, personally known to me (or proved to me on the basis of satisfactory evidence) to be the Secretary of the corporation that executed the within instrument, and known to me to be the persons who execoW the within instrument on behalf of the corporation therein named, and acknowledged to me that such corporation executed me same. pursuant to Its by laws. or a resolution of its Board of Directors. WITNESS my hand and official seat. V Nt f/signk1s%+re .. v..r 061156:DAWSOM L rorKAY E4MOU�rFWJCOF awxt sr C.++ tpn0. ItM qr (TV"$ Afes for ortboai .0av) BOND BOND NO. FB 007578 PREMIUM $12,960.00 KNOW ALL MEN BY THESE PRESENTS, That MOLA DEVELOPMENT CORPORATION as Principal, and the FAIRMONT INSURANCE COMPANY, A Corporation organized and existing under the laws of the State of California and authorized to transact surety business in the State of California as Surety, are held and firmly bound unto CITY OF HUNTINGTON BEACH REDEVELOPMENT AGENCY as Obligee, in the sum of SEVEN HUNDRED TWENTY THOUSAND & NO/100--------------------Dollars ($720,000.00 ), for the payment whereof, well and truly to be made, said Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, That WHEREAS, the Principal on APRIL 15, 19 85, entered into a certain Agreement or Contract with the Obligee where in the Principal agreed to complete the followingimprovements: CHARTER CENTRE PROJECT WITHIN THE OAKVIEW REDEVELOPMENT AREA OFFSITE IMPROVEMENTS as more fully set forth in said Agreement. NOW THEREFORE, if the Principal shall well and truly perform and fulfill all of the covenants, terms and conditions of the said Agreement, then this obligation shall be null and void; otherwise to remain in full force and effect. Provided, however, 1) That the consent of Suret shall be required for any extension of time to complete said improvements; 2� That no right of action shall accrue hereunder to or for the benefit of any person, firm or corporation other than: the Obligee named herein. Signed, sealed and dated July 15, 1985 . MOLA DEVEL PMENT CORPORATION ..By: Fairmont nc m an By: KIM R. SMITH, Attorney -in -Fact ADDENDUM TO CERTIFICATE OF INSURANCE ISSUED 8/26/85 CERTIFICATE HOLDER IS INCLUDED AS AN ADDITIONAL INSURED: Huntington Beach Redevelopment Agency, City of Huntington Beach and their officers and employees while acting in the scope of their duties against all claims, suits, or other actions of any nature brought for or on account of any deaths, injuries, damage or loss, arising out of or connected with work of participating or development of each of the public improvements and Charter Centre improvements undet this agreement. ISSUE DATE (MUDD" a 8/26/85 PReOLCER 1 LiBRAKKE-SCHAFNITZ ASSOCIATES 17911 Pitch Avenue Irvine, California 92714 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHT'S UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. I COMPANIES AFFORDING COVERAGE EM HOME INSURANCE COMPANY COMPANY Ei INSURED L� MISSION NATIONAL INSURANCE COMPANY KOLA DEVELOPMENT CORPORATION 8072 Adams Avenue LETTER C Huntington Beach, California 92646 coMPANY LETTER COMPANY r. LETTER THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUEOTOTHE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. I NOTWITHSTANDING ANY REQUIREMENT, TERIA OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE IpSURANCE AFFORDED BY THE POLICIES DESCRISED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI- TIONS OF SUCH POLIGIES- 01) LT TYPE OF INSURANCE POLICY NUMBER pater EWMPE WIE WDWM POLLY �,M� DAM I "W" LIABILITY LIMITS IN THOUSANDS EACH 0CCURRFNr-V AOGRECLATE GENERAL LIABILITY $ $ CDMPFIMNSWE FORM INJURY A �$ CCP 206150 9/11/84 9/11/85 U+17ERGROUHD DAMAGE $ $ ExPLOSM d CMIMISE KAM Paoot.CTSM!PLM OPERAW CarRACTLUL SHED $ $ 1tffYEWM MNTRX7= Soo, Soo, X 8F= PORM PROPERTY DA141AGE X PERSDNAL IILIURY PERSONAL INJURY $ 500, AUTOMOBILE LIABILITY BUYUP $ ANY AUTO P:A F0.S7�4 ALL OW%TD AUTOS (PRIG. PASS) A j?R0'1ED AS TO FOFX 1 env ALL MMO AUTOS ( 'f p GAIL HUT20:T xMM $ HIRED ADDS City Attorney PROPERTY NCN-0IYhED AM rk D ZE $ S GARAGE LNIUTY Q BYS ► D r .d- - EXCESS LL &LITY kj 0 -1�, Z V. 7 + B X uAWLtAF" MN 038593 11/4/84 9/11/85 SHED $10,00 $10,000 DTNER THAN UM4 U A FORM STAT1JT1pRY A WORKERS �PERSATIOH PWC1184458 10/17/8 10/17/8 $ 100 (EACH A=.Vn N 10 0 OMAM41MCY LIMIT) EMIPLOYE LIABILITY $ ... (OISEASEtACH EMOYE0 OTHER DESCRIPTION OF OPEFLATIONSlLOC ATIONSlVEHrLESISPECtAL ITEMS CERTIFICATE HOLDER IS INCLUDED AS AN ADDITIONAL INSURED PER ADDENDUM ATTACHED Location: Beach & Warner, Huntington Beach, "CHARTER CENTRE" Huntington Beach Redevelopment SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE U- Agency, etal PIRAT" DATE THEREOF, THE ISSUING COMPANY WILL GNCCAYO -TO 2000 Main Street �. IT --S"�°,� T CERTIFICATE HOLDER NAMED TO THE MAMMA I Mn ORtbUMMT Huntington Beach, CA 92648 urp4Tr-RTUMw " 5C1tRET SE'4Txf14l AUTHORIZED REPRfe6PNTATIVE � n i PROOF OF PUBLICATION (20155 C.C.P) STATE OF CALIFORNIA, COUNTY OF ORANGE, I am a citizen of the United States and a resident of the County aforesaid; I am over the age of eighteen years, and not a party to or interested in the above -entitled matter. I am the principal clerk of the printer of the HUNTINGTON BEACw Nr-WS a newspaper of general circulation, printed and published weekly in the City of Huntington Beach County of Orange, and which newspaper has been adjudged a newspaper of general circulation by the Superior Court of the County of Orange, State of California, under the date of AuEmc;t P7 , 19-37 Case Number A ; � 30 ; that the notice, of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: 3/ 3 all in the year 19 89 I certify (or declare) under penalty of perjury that the foregoing is true and correct. Dated at Huntington Leach California, this rd day of 14ar., 19—Lc- Signature Free copes of this blank form may be seared imam California Newspaper Service Bureau, Inc. Advertising Clearing House P.O. Box 31 Los Angeles, CA 90053 (213) 625-2541 Please request CENERAL Proof of Publication when ordering this form This space is for the County Clerk's Filing Stamp Proof of Publication of + - PUBLIC iNOTICE :r DRAFT ENVIRONMENTAL 't IMPACTAEPORT - AMENDMENT At t.TO OAKVIEW i ;REDEVELOPMENT PROJECT NOTICE IS HEREBY GIVEN that the Huntington Beach Redevelop- merd Agency has directed that an Envtronmental ImpactiReport be prepared to -assess environmental concerns related to 00 proposed Amendment No. One to to Oakwiiew Redevelopment Projea.� vlronmental Irtnpad Report (DEIR) has been prepared. Copiea of the DEIR are ;avalable for public -Inspection at the office of the Hunt- ington Beech City Clerk. 2000 Main ' Street. Huntington Beads. California and at the Huntington Beach Central Library at 7111,TaPAn Avenue. Huntington Beach_Cadffomla. -Individuals Interested In corn- rW*V on the DEIR should do so prior a Apr17.1989. I DATED: February 2ll.19M ! Connie Brockway < City Clerk of Huntington Beach Published In the HuuMinnggton i Beach News Mar 3.1989. _ Recalling Requkla by: City of Huntington Beach vow). �-: GRAN' DEED AP 4165-364-OI EXEh1PT C7. AErCRCED'N CFF+CIAL RECCRCS CF ORANGE COUNTY CAUFGFNu 01-7 oo RM AW 13'85 When Recorded Mail To: '--�'��-G'y".;,� CC4)h?• o Redevelopment Agency of the City of Huntington Beath 2CCC Main Street Huntington Beach:, California 92643 Attn: City Clerk ! l (scace above this Lire for recorder's use) Nail Tax Statements To: a-EAccnpt-Government AEener City of Huntington Beach Alicia W. Wentworth City Clerk V. GR.A-', DE - D Ae��Y City Clerk For valuable consideration, the receipt of which is hereby ack.^cwledged, MCL?► WELOP9 ENT CORPORATION, a California corporation hereby GRANT(S) to the Redevelopment Agency of the City of Huntington meach, a public agency, the real property in the City of Huntington Beach, County of Orange, State of California, described as That real property described in Exhibit A, which is attached hereto and incorporated herein by reference. Dated: �_�� >80- M.3L?► DEVELOP :+ANT CORPORAT +CN A Cali_`grnia corporation � ; By: raps maia, rresiaenr. By: its: 03-3i-85 82I8P/2273/05 NAIL TAX STATEMENTS TO RETURN ACCRESS AEVE Page 3 of 6 v STAVE OF CALIFORNIA 55. COUNTY OF ORANCE On Sri 4--t,4 %r % % �� before me, -.he undersigned, a Notary Public in anal for said State, personally personally known to me or proved to me on the basis of satisfactory evidence to be the person who executed the within instrument as the President, and C^. YE�-�� :;�f//�L�� �;�t �_ personally knout".. to me or proved to me on the basis of satisfactory evidence to be the. person who executed the within instrument as the of the Corporation that executed -the within instrument and acknowledged to tie that such corporation executed the within instrument pursuant to its bl-laws or a resolution of its boar: of directors. W=IESS my hand and cffi=ial seal. r � Z/f /I f �f L� �J 55- 1J591 City of Huntington Beach P.O. BOX 190 CALIFORNIA 9ZS49 DEED CERTIFICATION This is to certify that the interest in real property conveyed by the deed dated April 9, 1985 from Mola Development Corporation to the City of Huntington Beach a municipal corporation, ;is hereby accepted by the undersigned officer or agent on behalf of Che City Council of the CITY OF HU:TINGTON BEACH, pursuant to the authority conferred by Resolution No.3537 of the City Council of the City of Huntington Beach adopted on August 7, 1972, and the grantee consents to the recordation thereof by its duly authorized officer. Dated: June 4, 1985 CITY OF HUNTINGTON BEACH City Clerk By: 85--21559:. DEED AU i OR I Z a.: ON This is to certify that the interesw in real property conveyed by the grant deed of even date re.ewiSk from MOLA DE' ELUMz,NT .CUPORATION, a California co roration, to the Z`*: r �!C'J Or T: Cl R...AP:=-N AGENCY CR a'ir?++ING:ON BEACH, (the "Agency") , a governmental agency, is hereby accepted by the undersigned officer of agent on behalf of the Agency pursuant to authority conferred by Rescluticr. Its of the Agency as �t recordation thereof by its duly authorized grantee consents to • officer. Dated: !S� 98r :S:D&r....0 " t:' AC E.1C'. 0_ ::. CI._ DE 'riGilT IINGT60N BEACH I -.01 C: a-1 =an f iiTTE'S T : t,/! Agency Clerk STATE OF CAL IFORN IA } CCUNTY CF CRAJgG6 } tln _ 19�T, before me, a Notary Pub of the State of Cal 1 f orni a, personally appeared _1100K S , ANKA , k ncwn to me to be the Chairman. and Alicia M. Wentworth, kncwn o me ,e to be the Clerk, of the Redevelopment Agency of the City of Huntington Beach and known to me to be the persons who executed the within instrument an behalf of said Public agency and ackncwledged to me that such public agency executed the same. - C C AL :..at • �.. ism; IVY =MMISSICN Z77 E: CCP 10 191S L pro 'PF 03-31-85 ATTACHMENT NO. 3 8239P/2273/06 Pace 3 of 6 85---215531 EXHIBIT A LEGAL DESCRU ION OF TPV PROWT'. [Insert legal description of the Prope ctyj 03-31-85 ATTACHMENT NO. 3 8219P/2273/06 Page 4 of 6 4 t • .� ✓ Fxh"t *As* PA:2CEL 1: ss-21sss1 Cominenc:ng at the Northeast ecrner of the Nomheast quarter of the Noctheas: quarter of Sec�.:on 26, Township 3 South, Range u crest, S. B. B. & hi.; thcr+c- West, along the North line of sala SeGicn 26, 417.42 feet; shake South, parallel to the East lint of said Section 26, 417.42 feet; thyme East, parallel to the North tine of said Section 26, 417.42 feet and theme . Nord% along the East lien of said Sect;on 76, 417.42 teet to the point of beglr+n n.w. Except.'ng site interest In that portion ct said land vas conveyed to the C=rzy of Crange foe public hlghwar ptrposes by deed recccrded Uarr..h 31, 1934, In Book 2699, Page 412 of QfIIIcW Retards and re`rrcorded April 20, 1934, In Book 2713, Page 147, of Official Records inciuch-.i witf in the following described land: A strip of IaN 40 feet In width adjobning and Southerly of the Ncrtherlr lire of Sec.Icn 26,r Township S South, Range 10 crest; S. V. bs & M.; and extending from a line which 13 parallel wi:.'t and 30 feet crest of the Easte ;y line of said Section 26, sald parallel line bc:ng also the West llnc of the right of way of iimt;ngton Beach Boulevard, Ves:eriy a a.istance of 343.42 feet to the c=tcr Line of Ash Street as shown on a map of Tract No. 363, recorded fn Bock 13, Page 31 of Liisce larwous Mlap3, rctordcd cf Grange Ccutty, Call, :o<nla- Tie lnteruction of the Southerly line of t c said 40-foot strip with the Westerly lien bt %!"c right of way for HLmt!nSton Beach OcAdevard shalt be rocnced with a cave raving a raclt s ct 17.00 f"t. PARCEL 2: Lc Ls, I to 16 both lnciusiye In Block A of -+vexes Horne Place, Traco. No. 363, 3s shown on a map rMorded 1n Bock 13, Page 31 of MIsce:Lancous 'Mars, rccores of Orange Cotmty, Califocriia, toget.`ter wit.'► all that certain alley 20.00 feet in -width In Liocx A and all of Elm 5ueet 44.GQ feet In wldta't adjoining the Easterly Ilre of said Nock A, as on a map of Tray. No. 363, recorded In Book L3, Page 31 of Ulscellarm� ldaps, records of Cvange County, California, abandoned by Crdsr of the Board of Supervisors of the Coknrf ct Crange, a copy of which was recorded July 23,1943, In Boole 1674, Page 3Z of Oft:e;al Records.. Excepting the Interest in that portion of said Lane; w:tich ,vas conveyed to the County of Orange. foc pui:lle pur c3cs by deed rec:oeded I%tart:h 31, 1954, In Book 2699, Page 412, of Ofllclal Rctcrs.'s and re-recerCea April 20,1954 In Bcok 2713, Pave 147 of CRIciai Rcccres inctudea within the following desa lbed larxts A st::p of lard 40 for« in width adlolraino and Southerly of the ,tiorLherly line of Scczlcrn 26, Township 3 &%uth, Range 10 West, 5. & B. & Lt.; and ex.crdino from a line whicn Is parsiiel with and 30 feet West of Lhe Easterly fine of said Sect!cn 26, sale parallel line being also the Vest Line of the right of way of Muntirbton Sc1ch 6oulevara, Westerly a cistamm of 343.42 feet to *.e ecnter Line of'Ash Strert'as shown on a map of Tract No. 363, reccrc ed In B"-k 13, Pne 31 of Mlseellanc-a s Maps, records of grange Cotr.ty, Calif ocrua. ATTACHMENT NO. 3 Pace 5 of 6 w w on � • tied i:shlhlt A C tin • . , , 1 The Intersection of the Southerly line of the said 40 feet strip with the Westerly line of the right of war for Huntington► Beach Boulevard shall be rounded with a curve having a radius of 17.00 feet. : PARCEL - Lot 11n Block�A of Tract No. 436, as shown on a map recorded in Book 16, Page 28 of Miscellaneous Maps, records of grange County, California. PARCEL 4: The West 193..71 feet of Lot 2 In Stock A of Tract No. 436, ,{pore's Home Place No. 2, as shown on a map re-cceded In Book 16, Page 2E of Miscellaneots ',Maps, records of Orange County, California. PARCEL 5: The Nor-th 48 feet of the West half of Lot 3 in Block A of Tract No. 436, 1docre's Home Place No. 2 as shown on a map recorded In Book 16, Page 23, of Mlsceilarx% u- .Baps, records of Orange County, Callfornia. Parcel 6: The Nocth 48 feet of the Fast 193.71 feet of Lot 2, Block A. Tract No. 436, in the Clty of Huntington Beach, as per map recorded In Book 16, Page 28 of Miscellanecus Maps, In the office of the County Recorder of said County. ATTACHMENT NO. 3 7/ C"."L A Authorized to Publish Advertisements of all kinds including public notices by Decree of the Superior Court of Orange County, California Number A-6214 dated 29 September 1961 and A-24831, dated 11 June 1963 STATE OF CALIFORNIA County of Orange Puonc Notice Adv.rllw+ g co~@d CY this a111dawt i7 Sol ,n 7 point wltn 10 pica column wtdln I am a Citizen of the United States and a resident of the County aforesaid, I am over the age of eighteen years, and not a party to or interested in the below entitled matter I am a principal clerk of the Orange Coast DAILY PILOT, with which is combined the NEWS -PRESS, a newspaper of general circulation, printed and published in the City of Costa Mesa, County of Orange, State of California, and that a Notice of Draft Environmental RpI oort-_ of which copy attached hereto is a true and complete copy, was printed and published in the Costa Mesa, Newport Beach, Huntington Beach, Fountain Valley, Irvine, the South Coast communities and Laguna Beach issues of said newspaper for 1 t i me consecutive weeks to wit the issue(s) of March 4 198 9 198- 198- 198- 198- I declare, under penalty of perjury, that the foregoing is true and correct. Executed on March 4 , 198 1? at Costa Mesa, California. California. Signature PUBLIC NOTICE PUBLIC NOTICE Draft Environmental Impact Report Amendment #1 to Oakvlew Redevelopment Project NOTICE IS HEREBY GIVEN that the Huntington Beach Redevelopment' Agency has directed that an Environmental Impact Re- port be prepared to assess environmental concerns re- lated to the proposed Amendment No. One to the Oakview Redevelopment Project A' Draft ' En- vironmental Impact Report. (DEIR) has been prepared, Copies of the DEIR are avail able for public Inspection at the office of the Huntington Beach City Clerk, 2000 Main Street, Huntington Beach, California and at the Hunt- Ington Beach Central Li- brary at 7111 Talbert Av- enue, Huntington Beach, California Individuals interested In commenting on the DEIR should do so prior to April 7, 1989 ,DATED February 28, 1989 Connie Brockway, City Clerk, City of , Huntington Beach Published Orange Coast Dally Pilot March 4, 1989 Sa349 PROOF OF PUBLICATION Recording Requested by: City of Huntington Beach CON FORMED 'CaPY Not GompassQ with 4ttgtA31 RECORDING UESTED By ORANGE COAST TITLE Cp 7PAhY foA INALFRNAoGECOUT. CIO GRANT DEED .2 s5 PM MAY 25'88 'nhen Recorded Mail To: a.MCORoW Redevelopment Agency of the ' City of Huntington Beach 2000 Main Street C�5 Huntington Beach, California 9264B (space above this line for recorder's use) Mail Tax Statements To: iax-.xtaryt-Government Agency ...� "ity of Huntington Beach '� ��•� �� Alicia M. Wentworth CRY Clerk 4myy'clerk GRANT DEED For valuable consideration, the receipt of which is hereby acknowledged, MOLA DEVELOPMENT CORPORATION, a California corporation hereby GRANT(S) To the Redevelopment Agency of the City of Huntington Beach, a public agency, the real property in the City of Huntington Beach, County of Orange, State of California, described as That real property described in Exhibit A. which is attached hereto and incorporated herein -by reference. - Dated: April 9, 1985 MOLA DE PMENT CORPORATION A Calif rnta gorporation By: By: rahi Mola, President ts: Vice President ATTACHMENT NO. 3 Page 1 of 6 STATE OF CALIFORNIA) COUNTY OF ORANGE ) ss. On April 9, 1985, before me, the undersigned, a Notary Public in and for said State, personally appeared Frank J. Mola, personally known to me or proved to me on the basis of satisfactory evidence to be the person who executed the within satisfactory evidence to be the person who executed the within instrument as the President, and _Peter E. von Elten personally known to me or provided to me on the basis of satisfactory evidence to be the person who executed the within instrument as the Secretary of the Corporation that executed the within instrument and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its board of directors. (SEAL) official j WITNESS my hand and ATTACHMENT NO. 3 Page 2 of 6 `) DEED AUTHORIZATION This is to certify that the interest in real property conveyed by the grant deed of even date herewith from MOLA DEVELOPMENT CORPORATION, a California corporation, to the REDEVELOPMENT AGENCY OF SHE CITY OF IiUNTINGTON BEACH, (the "Agency"), a governmental agency, is hereby accepted by the undersigned officer of agent on behalf of the Agency pursuant to authority conferred by Resolution 16 of the Agency as grantee consents to recordation thereof by its duly authorized officer. Dated: April 15, 1985 ATTEST: Agency Clerk REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH By:_ Chairman STATE OF CALIFORNIA) COUNTY OF ORANGE) On pyv4t � 14J5 , before me, a Notary Public of the State of California, personally appeared Robert P. Mandic, known to me to be the Chairman, and Alicia M. h entworth, known to me to be the Clerk of the Redevelopment Agency of the City of Huntington Beach and known to me to be the persons who executed the within instrument on behalf of said public agency and acknowledged to me that such public agency executed the same. OFFICIAL SEAL %�Oflil�r F'k6%'G EVELYN SCHUBERT Notary PUbik-Ca ftnti ORANGE COUNTY wry Comm. Up. Mar. 30.1907 ATTACHMENT NO. 3 Page 3 of 6 EXHIBIT "A" Parcels A, B, and C of Parcel Map 83-564, as shown on a map recorded in Book 204, pages 33 thru 35 of Parcel Maps, Records of Orange County, California `' •a '� '�, i :z I.� �i 4 �• i •J_s /• *t `�• ~f� i 1 a` ► I ' ! S "J _. ! ,LI' K / / +� ..: -:LzrS�a�•�rti.a..a��.r.iw........i�a+it�.+ a.iw.a...t.r-...�.+-r•r......f-r••w-`�.wM/ TiuS CEH71PtCA'E 15 IS$:lEl+ AS is 24AT (R OF II:FOR►,IAT:Oin Oh,Y A4C? CJy°EkS f r EiRNOT "KKE•SCHAFNITZ F� ASSOCIATES, INC. NO ,1 'SUA TER THON THE E Ct?vEPAOE Ar""EATIFIChrE FaO:tD pµBT TI'EIP9r10ESiES LMyyO' ' F:SK h' ".AGENIENT SERVICES 1�811 Fitch Avenue CO:'FANIES AFFORDING COVERAGE Irvine, Catifom6a 82714 {714) 5E3 t830 ET7_a,,Y A r:orthwestern Pacific inda-Lnity LETTEFI •"� ".':! a Development Corporation dba: C01oALY _r= Cnarter Centre I LETTER C r. -r" 072 Adams Avenue � ►'�urlt=ngton Beach, California 9254 LETTER D + LET''ER t ��: +='IFS...-.~~r--y��,,.,�•.-�'rr••..�aw•.�!rr1•w•f�r•&«wt.�r.sr.: ��c t•art.tcr'l^�: �P I+:•a�+e',r,. � r-•v-•+-.•'.-�•ti+�-�. :'+..'^'� h-.-_�'•..: ems: -- -- T:.,.'li1C::•sa.rl..ti-� - - �r � ._. � .. - r.,..��:,_,.-r.,ri rw++,w.++- r ��-+.,i�.i `rr�r�wv�•�..._�•r..�..�t�++ r...r.��_-.:� ��' �,�,.iiae_ r. `s TAI,: 1, TO CERTIFY Tn :T POLICIES OI:INSO4ANCE LISTS^ 13ELO h! VE BEEF! WuEO TO TKC INSURED 14AMS'J ABOVE FOR THE POLICY PER;:)" I•:)1CATED. .•' A'?'r+.:-IS 7Ati0A4•s ANY R_Q:JIREu_•.T, Tk4q OR COtiD.TIoti or :CVO CO.i-.;; T Oti O'nER DOC:IM:NY W:TH RESPF,CT TO %yr•l::4 TrUS CEctTIFICA7e' MAY B� c55 J_C Or MAY PLR'A.'N. THE IN3J.RANCE AFFJRDED GY THE POLICIES aESZRf31'. MCRE.'% IS SU;i. ECT TO ALL Ter TERMS. C%C'_ S13NS• A COwO,- 'f Ti1ti: D' SLICri POLICIES, T�_ �r i [ CF tiwE �. ?}_✓•Y NliIlaEA `�- A:.e1 Itir'•l r>'J_^ Eti�T: 7'. Lls$'LF:Y_nr'T51�1 a3 7e4SAND5 `Y 1 •^'wI �_�__ �..—._— _�..� �_�_�= tip_ �)_' �] •`?T� Z�ti ^,mil• LILB:_ITY 1 r� je»_r C `X,' *' ~'``"'S 35209554 3/22/85 3/22/86 S 5is a pa j. •-• r... _ c�M,.e, 1,000 1,000 " '_�� [ �- I Et; = R�K: P�}y�:'} ., •-mac _ �. I P A.5 114jjz f + 11000 k. I.7 — • is jib IS ik_ESS LIL$ILITY �+ is .`rl.. ��.���I�:;.:_S�'�3,�' �Fu4f.! �_�_.� � y �-_ 9 •�D_1_ � 1 :;•'-yE ri "KERS' COMPE-SATION PNO •sy EvP,OrEkS' LIs51LfTY _�'--'-�•. 'ti :It a: ;,'. p' pu�r.ti�o•:S'.O;A'r'( :SVF.`•1CLES-S�:GAL ITEMS -- Charter Centre: Corner of Beach & Elarner, Huntington Beach, California � 'r'= Endorsed onto the captioned policy effective 11/27/85 a:.,n� ,,._,r......« � r-fir.,=, ,�•ras-'�..I.,;.- Ic I' +.a.;+z�.�.:'4 C►'_....r � At ...:.t...a ,;A -1 T/Y� OF FUNTII:GTON BT'ACE SmOUl3 ANY OF THE Ab7YE DFSCPI3ES POLICIES BE CA44CELLEC �srF�= TM Er. e 9'_ 200 0 Main Street PiAA? bN DATE TMCREOF, Th1E, ISSUING CQNAANY WILL b'1: Q�Kfv� Tfj f $A..L 30 DAYS w'rTEa :ME NOTICE TO CER'IFICATE MOLDE''s AAUEJ TO THE !:ur:t in,t on Beach, California 52G LtR;x,{Kx-tixrxT�^stku-.cxa:-y.�xxxa,-rx_x:.�a.t r y ,{`}: J4 i; f 7CY I� 1JC :q 7E_v"i. !{?G h''}a Xx xx x x C K Fi�^ Y �.':' A:.K R AUTF.O"a:_=_^ ��eftir=�a%nlvfc�a/1—/ ..� ti -Y:Yw.'S �� r� •f•y .re.t i 1', - a• Y F rp a ". • L % ` -�''- 'r- �?! •;i. ��;" - r. _v f. .�'��""•Mi'�i`-c•�:-ii:,- Ycy+.l.. �;,�;;fa_:.,�.t ly.^'t.: ,i•fi•�.•�•��ax•%.�.'• � a. `�.. «a. - '. a,r' ��.r.. t''x. _. _ �' R,•. _I. •ea. -T. ,3.:{..v-r d". �i•a, �: ii . -a' .... . ._..---....--. .. y r "mot *.•s'y. "'�•. '•'_ _Z -� •.. �.�r'.• '^ itr.rUMTO: CERTIFICATE OF INSURANCE City of Huntington 64-idi TO Ins.•& Ilen.Officc CITY OF HUNTINGTON BEACH, CALIFORNIA P. 4. Rux 190 Approved as to Form: Gail Hutton, City Attorney Huntington Beach, CA 926-18 a. A MUNICIPAL CORPORATION This is to certify that the policies of insurance as described below have been issued to the Insured by the undersigned and are in force at this time. if these policies are cancelled or changed in such a manner that will affect this certificate, the insurance company agrees to give 10 days prior written notice, by mail, to City of Huntington Beach, P. 0. Box 711. Huntington Beach, California 92648. ALL ITEMS MUST BE COMPLETED, ANY DELETION OR CHANGE IN THIS FORM SHALL BE SIGNED AND DATED BY AN AUTHORIZED REPRESENTATIVE OF THE INSURANCE COMPANY A MUST BE AP OVED IN WRITING BY THE CITY ATTORNEY. / 11 R0 j1T Name of Insured 11OLA DEVELOPMENT CORPORATICN —I r �� Address of Insured 8072 Adams Avenue, Huntington Beach, CA 92646 Location of Work or Operations to be performed Description of Work or Operations CHARTER CENTRE Warner & Beach, I:untinaton Beach t]L3dY1YAT E S LIMITS OF LIABILITY NAME OF COMPANY Effective I Expiration POLICIES IN FORCE POLICY NO. In Thousands 40001 (INS.i GENERAL LIABILITY ( COMPREHENSIVE FORM 500 HOME INSURANCE [ PREMISES OPERATIONS CP206150 9 : CSL — 9/11/84 /11/85 Each Dcwranu 13 EXPLOSION AND COLLAPSE HAZARD y j •� UNDERGROUND HAZARD t }I PRODUCTS COMPLETED OPERATIONS HAZARD [ CONTRACTUAL INSURANCE tX BROADFORM PROPERTY DAMAGE [ )J INDEPENDENT CONTRACTORS �t t •t PERSONAL INJURY - IK COMPREHENSIVE FORM BA2993102 9/11/84 /11/85 500, HOME INSURAACE (� OWNED S CSL Each Occurance t� HIRED [� NON -OWNED EXCESS LIABILITY .[K UMBRELLA FORM -1N012500 11/4/84 /11/85 S 10, O!1G , MISSION NATION)" INSURANCE CO. UMBRELLA FORM PlORKERS' COMPENSATION and kC118445 10/17/84 0/17/R5 100, HOME INSURANCE' EMPLOYERS LIABILITY CO CO �L Additional Insured Endorsement: 'The insurer agrees that the City of Huntington Beach and its City Council, and/or all City Council appointed groups, committees, commissions, boards and any other City Council appointed body, and/or elective and appointive officers, servants or employees of the City of Huntington Beach, when acting as such are additional insureds hereunder, for the acts of the insured, and such insurance shall be primary to any insurance of the City of Huntington Beach, as their interest may appear. Date May 23, 19>;5 AUTHORIZED REPRESEt T E OF 1N5 RANCE COMPANY INSURANCE COMPANY Horne Insurance CO. iss n By 17911 FiAneakke—Schafnitz �� Addr.ss uAddress 1 :1 911 ri t'.b— uanue, T—UQT CA Cit Irvine, a1 1 orw-a Y City inone (to be executed by iniured) The insured • .agrees to o ect, defend, indemnify, save, and hold harmless the City of Huntington Beach its officers, agents, and employees against an/ers li biltry. loss, arnage, cost, or expense by reason of any and all liability, suits, claims, demands, judgments and causes of action eed insur dl his employees, agents or any subcontractor or by any third party arising out of or in consequence of the performanof a or an perations or activity for which this certificate of insurance is furnished. '(1) Sole Proprietorship (21 Part ' A }fin (4) Other (state) HOLD 14ARMLESS SIGNED: �Bylnsur Title President (All narr»s shall be printed Or tyPed Wow each signature.) By Insured: Title 'Vice President PETER E. von.ELTEN CO it Corporation, TWO Officers must sign, or present evidence of authorization to bind Corporation. ra EXHIBIT "A" (To be Inserted : Insert Copy of Amended OPA; Mola Owner Participation Agreement) t 1 f IM OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND MOLA DEVELOPMENT CORPORATION FOR THE CHARTER - CENTRE PROJECT WITHIN THE OAKVIEW REDEVELOPMENT AREA TABLE OF CONTENTS I. [§100] SUBJECT OF AGREEMENT A. [§101] Purpose of Agreement B. [§102] Glossary of Terms C. [§103] The Redevelopment Plan D. [§104] The Site E. ]§105] The Property F. [§106] Parties to the Agreement 1. [§107] The Agency 2. [§108] The Participant 3. [§109] Prohibition Against Change in Ownership, Management and Control of Participant II. [§200] ACQUISTION OF THE PROPERTY A. [§201] Sale and Purchase of the Property B. [6202] Property Escrow C. [5203] Form of Deed for Property Conveyance D. [6204] Condition of Title for Property Conveyance E. [§205] Time for and Place of Delivery of Grant Deed F. [6206] Conveyance Free of Possession G. [§207] Title Insurance i H. [§208] Taxes and Assessments III. (§300] DEVELOPMENT OF IMPROVEMENTS ON THE SITE A. [§301] Development of Improvements 1. [§302] Scope of Development 2. [§303] Design Concept Drawings 3. [§304] Construction Drawings and Related Documents 4. [§305] Agency Approval of Plans, Drawings, and Related Documents 5. [§306] Cost of Construction •6. [§307] Construction Schedule 7. 163081 Bodily Injury and Property Damage Insurance 8. [§309] Inspection Access 9. [§310] Local, State and Federal Laws; Antidiscrimination IV. [§400] USE OF THE SITE A. [§401] Uses B. [§402] Rights of Access C. [§403] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction V. [5500] DEFAULTS AND REMEDIES A. [§501] Defaults --General B. [§502] Legal Actions 1. [6503] Institution of Legal Actions ii j i + �l 2. [§504] Applicable Law 3. [§505] Acceptance of Service of Process C. [§506] Rights and Remedies Are Cumulative D. [§507] Inaction Not a Waiver of Default E. [§508] Damages F. [§509] Specific Performance G. [§510] Remedies and Rights Prior to the Property Conveyance 1. [§511] Termination by the Participant 2. [§512] Termination by the Agency VI. [§600] GENERAL PROVISIONS A. [§601] Notices, Demands and Communica- tions Between the Parties B. [§602] Conflicts of Interest C. [§603] Enforced Delay; Extension of Times of Performance D. [§604] Inspection of Books and Records E. [§605] Non-libility of Officials and Employees of the Agency VII. [6700] SPECIAL PROVISIONS A. [§701] Submission of Documents to the Agency for Approval B. [§702] Guaranty C. [6703] Planning Studies iii U D. [§704] Supplemental Conveyance E. [§705] Additional Participant Obligations F. [6705] Amendments to this Agreement IX. [§$00] ENTIRE AGREEMENT, WAIVERS X. [5900] TIME FOR ACCEPTANCE OF AGREEMENT BY AGENCY ATTACHMENTS Attachment No. -I Attachment No. 2 Attachment No. 3 Attachment No. 4 Attachment No. 5 Site Map Schedule of Performance Grant Deed Scope of Development Guaranty iv . ' ' 6 S. "Improvement Price": Section 306. 9. "Participant": The first paragraph of this Agreement. 10. "Participant Increment": Section 306. 11. "Participant Property": Section 108. 12. "Permit Fees": Section 306. 13. "Project": Section 101. 14. "Project Area": Section 101. 15. "Property": Section 104. 16. "Property Conveyance": Section 201. 17. "Property Escrow": Section 202. 18. "Public Improvements", Section 302. 19. "Redevelopment Plan": Section 102. 20. "Site": Section 103. 21. "Total Improvements": Section 302. C. [5103] The Redevelopment Plan The Redevelopment Plan was approved and adopted by Ordinance No. 2582 of the City Council of the City of Huntington Beach; said ordinance and the Redevelopment Plan (the "Redevelopment Plan") are incorporated herein by reference. D. [§1041 The Site The Site is that portion of the Project Area so designated on the Site Map (Attachment No. 1). E. [§105) The Property The Property is that portion of the Project Area designated by cross -hatching on t-he Site Map (Attachment No. 1). F. [§106] Parties to the Agreement 1. [§107] The Agency The Agency is a public body, corporate and politic, exercising governmental functions and powers and 03-31-85 3994p/2273/06 -2- OWNER PARTICIPATION AGREEMENT THIS AGREEMENT is entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (the "Agency") and MOLA DEVELOPMENT CORPORATION, a California corporation (the "Participant"). The Agency and the Participant hereby agree as follows: I. [6100] SUBJECT OF AGREEMENT A. [§101] Purpose of Agreement The purpose of this Agreement is to effectuate the Redevelopment Plan (as hereinafter defined) for the Oakview Redevelopment Project (the "Project") by providing for the development or improvement of certain property situated within the Project Area (the "Project Area") of the Project. That portion of the Project Area to be developed or improved pursuant to this Agreement (the "Site") is depicted on the "Site Map", which is attached hereto as Attachment No. 1 and is incorporated herein by reference. This Agreement additionally provides for the Participant to convey or cause to be conveyed to the Agency certain real property located within the Project Area (the "Property"). Completing the development on the Site pursuant to this Agreement and the acquisition by the Agency of the Property is in the vital and best interest of the City of Huntington Beach, California (the "City") and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements under which the Project has been undertaken. B. [§102] Glossary of Terms Certain terms used in this Agreement are defined in the Sections or paragraphs designated as follows: 1. "Agency": The first paragraph of this Agreement. 2. "Agency Advance": Section 306. 3. "Charter Centre Improvements": Section 108. 4. "City": Section 101. 5. "Escrow Holder": Section 202. 6. "Grant Deed": Section 202. 7. "Ground Lease": Section 107. organized and existing under Chapter 2 of the Community Redevelopment Law of the State of California. The principal office of the Agency is located at City Hall, 2000 Main Street, Huntington Beach, California 92648. "Agency", as used in this Agreement, includes the Redevelopment Agency of the City of Huntington Beach, and any assignee of or successor to its rights, powers and responsibilities. 2. [§108] The Participant The Participant is a California corporation. The principal office and mailing address of the Participant for purposes of this Agreement is 8072 Adams Avenue, Huntington Beach, California 92646. The Participant is the ground lessee and Huntington Pacific, a California corporation, is the ground lessor with respect to the Property pursuant to which ground lease (the "Ground Lease") Participant is charged with developing the Property. The Participant shall construct on certain property within the Project Area and the Site at a certain area west of Beach Boulevard, south of Warner Avenue, north of Cypress Avenue, and east of Ash Street (the "Participant Property"), a commercial and office complex including approximately three hundred sixty five thousand square feet of gross leaseable area, at an approximate cost of thirty-five million dollars ($35,000,000). Such development, which shall be provided by the Participant, is referred to herein as the "Charter Centre Improvements." 3. [§109] Prohibition Against Change in Ownership, Managementand Control of Participant The qualifications and identity of the Participant are of particular concern to the City and the Agency. It is because of those qualifications and identity that the Agency has entered into this Agreement with the Participant. No voluntary or involuntary successor in interest of the Participant shall acquire any rights or powers under this Agreement except as expressly set forth herein. Until completion of the Charter Centre Improvements, as evidenced by a Certificate of Occupancy, and completion of the Public Improvements upon acceptance by the City, the Participant shall not assign all or any part of this Agreement or any rights hereunder without the prior written approval of the Agency except as set forth in the Ground Lease and related documents as described in Section 108 hereof, or to an entity in which the Participant is entitled to receive not 03-31-85 3994p/2273/06 -3- less than fifty percent (507.) of profits, provided that the Participant maintains complete operational and managerial control of such entity and the•Participant remains fully responsible to perform pursuant to this Agreement. The Agency shall not unreasonably withhold its approval of an assignment, provided that: (1) the assignee partnership shall expressly assume the obligations of the Participant pursuant to this Agreement in writing satisfactory to the Agency; (2) the original Participant shall remain fully responsible for the performance and liable for the obligations of the Participant pursuant to this Agreement; (3) any guarantees provided to assure the performance of the Participant's obligations under this Agreement shall remain in full force and effect; and (4) each of the assignor and the assignee execute documents which clearly specify, to the reasonable satisfaction of the Agency, which of those entities shall and which shall not receive such payment as may be required pursuant to Section 306 of this Agreement. All of the terms, covenants and conditions of this Agreement shall be binding upon and shall inure to the benefit of the Participant and the permitted successors and assigns of the Participant. Whenever the term "Participant" is used herein, such term shall include any other permitted successors and assigns as herein provided. II. [§200] ACQUISITION OF THE PROPERTY A. [§201] Sale and Purchase of the Property. The Participant agrees to sell and, subject to all of the terms, covenants and conditions of this Agreement, the Agency agrees to purchase from the Participant the Property as set forth herein. The conveyance whereby the Participant conveys the Property to the Agency shall be referred to as the "Property Conveyance." B. [§202] Property Escrow The Agency agrees to open an escrow for the purchase of the Property from the Participant (the "Property Escrow") with Safeco Title Insurance Company or any other title company or escrow approved by the Agency and the Participant, as escrow holder (the "Escrow Holder"), in Orange County, California, by the time established therefor in the Schedule of Performance (Attachment No. 2). Sections 202 to 208, inclusive, of this Agreement constitute the joint escrow intructions of the Agency and the Participant, and a duplicate -original of this Agreement shall be delivered to the Escrow Holder upon the opening of the Escrow. The Agency and the Participant shall provide such 03-31-85 3994p/2273/06 -4- w additional escrow instructions as shall be necessary and consistent with this Agreement. The Escrow Holder hereby is empowered to act under this Agreement and, upon indicating its acceptance of the provisions of this Section 202 in writing, delivered to the Agency and to the Participant within five (5) days after the opening of the escrow, shall carry out its duties as Escrow Holder hereunder. Payment of consideration by the Agency to the Participant as part of the Property Conveyance, which payment shall occur as otherwise provided in this Agreement (including without limitation Section 306), is a matter that will be handled outside of escrow pursuant to this Agreement, and is a matter with which the Escrow Holder need not be concerned. The making of any payments by the Agency and the close of escrow is conditioned upon the prior submission to the Agency of consents and approvals reasonably determined by the Agency to be necessary to assure the timely completion of all improvements to be provided by the Participant pursuant to this Agreement. The Participant shall properly execute, acknowledge and deliver to the Escrow Holder, by the time established therefor in the Schedule of Performance (Attachment No. 2), a grant deed tin the form of Attachment No. 3, the "Grant Deed") for conveyance of the Property to the Agency. The Participant shall pay in escrow to the Escrow Holder, the following fees, charges and costs promptly after the Escrow Holder has notified the Participant of the amount of such fees, charges and costs, but not earlier than ten (10) days prior to the scheduled date for the close of escrow: 1. Costs necessary to place the title to the Property in the condition for conveyance required by the provisions of this Agreement; 2. The escrow fees and costs; 3. The cost of drawing the deed; 4. Recording fees; 5. Notary fees; 6. Any state, county or city documentary stamps; rM 8. Any transfer tax; and The premium for the title paid by the Participant as 207 of this Agreement. 03-31-85 3994p/2273/06 -5- insurance policy to be set forth in Section Upon delivery of the "Grant Deed", which is attached to this Agreement as Attachment No. 3 and is incorporated herein, to the Escrow Holder, the Escrow Holder shall record such deed when title can be vested in the Agency in accordance with the terms and provisions of this Agreement. The Escrow Holder shall buy, affix and cancel any transfer stamps required by applicable law, and pay any transfer tax required by law. The Escrow Holder is authorized to: 1. Pay, and charge the Participant for any fees, charges and costs payable under this Section 202 of this Agreement. Before such payments are made, the Escrow Holder shall notify the Participant of the fees, charges and costs necessary to clear title and close the escrow. 2. Deliver the Grant Deed (Attachment No. 3) as duly recorded, to the Agency, and other documents to the parties entitled thereto when the conditions of this escrow have been fulfilled by the Agency and the Participant. Payment of consideration by the Agency to the Participant is a natter that will be handled outside of escrow, and is a matter with which the Escrow Holder need not be concerned. 3. Record any instruments delivered through this escrow if necessary and proper to vest title in the Agency in accordance with the terms and provisions of this Agreement. All funds received in this escrow shall be deposited by the Escrow Holder with other escrow funds of the Escrow Holder in a general escrow account or accounts with any state or national bank doing business in the State of California. Such funds may be transferred to any other such general escrow account or acounts. All disbursements shall be made on the basis of a thirty (30) day month. I£ this Escrow is not in condition to close before the time for conveyance established in Section 205 of this Agreement, either party who then shall have fully performed the acts to be performed before the conveyance of title herein may herein, in writing, terminate this Escrow and demand the return of its money, papers or documents. If neither the Agency nor the Participant shall have fully performed the acts to be performed before the time established in the Schedule of Performance (Attachment No. 2) for the Property Conveyance, no termination or demand for return shall be recognized until ten (10) days after the Property Escrow Holder shall have mailed copies of such demand to the other party or parties at the 03-31-85 3994p/2273/06 -6- address of its or their principal place or places of business. If any objections are raised within the 10-day period, the Escrow Holder is authorized to hold all money, papers and documents with respect to the Property until instructed by mutual agreement of the parties to such escrow or, upon failure thereof, by a court of competent jurisdiction. If no such demands are made, the Escrow shall be closed as soon as possible. The Escrow Holder shall not be obligated to return any such money, papers or documents except upon the written instructions of both the Agency and the Participant or until the party entitled thereto has been determined by a final decision of a court of competent jurisdiction. Any amendment of these escrow instructions shall be in writing and signed by both the Agency and the Participant. At the time of any amendment, the Escrow Holder shall agree to carry out its duties as Escrow Holder under such amendment. All Communications from the Escrow Holder to the Agency or the Participant shall be directed to the addresses and in the manner established in Section 601 of this Agreement for notices, demands and communications between the Agency and the Participant. The liability of the Escrow Holder under this Agreement is limited to performance of the obligations imposed upon it under Sections 202 to 208, both inclusive, of this Agreement. Neither the Agency nor the Participant shall be liable for any real estate commissions or brokerage fees which may arise herefrom. Each of the Agency and the Participant represents that it has engaged no broker, agent or finder in connection with this transaction. C. [§203] Form of Deed for Property Coveyance The Participant shall convey to the Agency title to the Property by grant deed in the form of the Grant Deed (Attachment No. 3). D. (§204] Condition of Title for Property Conveyance The Participant shall convey to the Agency fee simple merchantable title to the Property free and clear of all recorded or unrecorded liens, encumbrances, covenants, assessments, easements, leases and taxes, except that title shall be subject to the Redevelopment Plan and such encumbrances as may hereafter be expressly approved by the Agency at its discretion. 03-31-85 3994p/2273/06 -7- u E. 1§2051 Time for and Place of Delivery of _Grant Deed The Participant shall obtain title to the Property in sufficient time to enable the Participant to convey to the Agency the Property by the date established therefor in the Schedule of Performance (Attachment No. 2). Thereupon, the Participant shall deposit the Grant Deed (Attachment No. 3) with the Escrow Holder on or before the date established therefor in the Schedule of Performance (Attachment No. 2). F. 1§2061 Conveyance Free of Posession Except as hereafter expressly agreed to in writing by the Agency and subject to those encumbrances permitted pursuant to Section 204 of this Agreement, the Participant shall convey to the Agency the Property free of any possession or right of possession by any person except that of the Agency. G. [62071 Title Insurance Concurrently with the recordation of the Grant Deed (Attachment No. 3) conveying title to the Property to the Agency, the Title Company shall provide and deliver to the Agency an ALTA owner's (extended coverage) title insurance policy, or such other coverage and for such amount as is hereafter designated by the Agency, at its discretion, issued by the Title Company insuring that title to the Property and all improvements thereon is vested in the Agency in the condition required by Section 204 of this Agreement. All costs and fees of the Title Company with respect to providing such title insurance shall be borne by the Participant. H. [§2081 Taxes and Assessments Ad valorem taxes and assessments, if any, on the Property or improvements and taxes upon this Agreement or any rights hereunder, levied, assessed or imposed for any period prior to the Property Conveyance shall be borne by the Participant. III. [§300] DEVELOPMENT OF IMPROVEMENTS ON THE SITE A. [§301) Development of Improvements 1. [§302] Scope of Development The Site shall be developed with public improvements (the "Public Improvements") as provided in the "Scope of Development", which is attached hereto as Attachment No. 4 and is incorporated herein. In addition, the Participant 03-31-85 3994p/2273/06 -8- shall develop on the Site the Charter Centre Improvements conforming to the Scope of Development (Attachment No. 4), by the time established therefor in the Schedule of Performance (Attachment No. 2). The Public Improvements and the Charter Centre Improvements together constitute the "Total Improvements". The development shall include any plans and specifications submitted to Agency for approval, and shall incorporate or show compliance with all applicable mitigation measures. 2. [§303] Design Concept Drawings Concurrent with submittal of this Agreement to Agency, the Participant shall prepare and submit to the Agency for its approval Design Concept Drawings and related documents containing the overall design for development of the Total Improvements in sufficient detail to enable the Agency to evaluate the location and scope of the public improvements. The public improvements shall be developed by the Agency as established in this Agreement and such documents. [ §304 ] Constructi_o_n_ _Drawings and Related Documents By the time set forth therefor in the Schedule of Performance (Attachment No. 2), the Participant shall prepare specifications and submit to the Agency, construction drawings, landscape, and related documents for development of the Public Improvements. Approval of the drawings and specifications, as provided in the Schedule of Performance (Attachment No. 2), will be granted by the Agency if they conform to concept drawings and this Agreement. Any items so submitted and approved in writing by the Agency shall not be subject to subsequent disapproval unless consented to by the parties. During the preparation of all drawings and plans, staff of the Agency and the Participant shall hold regular progress meetings to coordinate the preparation of, submission to, and review of drawings, plans and related documents by the Agency. The staff of Agency and the Participant shall communicate and consult informally as frequently as is necessary to insure that the formal submittal of any documents to the Agency can receive prompt and speedy consideration. If any revisions or corrections of plans approved by the Agency shall be required by any governmental offical, agency, department or bureau having jurisdiction, the Participant and the Agency shall cooperate in efforts to obtain waiver of such requirements or to develop a mutually acceptable alternative. 03-31-85 3994p/2273/06 -9- 153051 Agency Approval of Plans, Drawings, and Related Documents Subject to the terns of this Agreement, the Agency shall have the right of architectural and planning review of all public improvement plans and submissions including any changes therein. Provided that the submissions by the Participant are made timely and are complete, the Agency shall approve or disapprove the plans, drawings and related documents referred to in Sections 303 and 304 of this Agreement within the times established in the Schedule of Performance (Attachment No. 2). Failure by the Agency to either approve or disapprove within the times established in the Schedule of Performance (Attachment No. 2) shall be deemed an approval. Any disapproval shall state in writing the reasons for disapproval. The Participant, upon receipt of a disapproval based upon powers reserved by the Agency hereunder, shall revise such portions and resubmit to the Agency as soon as possible after receipt of the notice of disapproval as provided in the Schedule of Performance (Attachment No. 2). If the Participant desires to make any substantial changes in the construction plans after their approval by the Agency, the Participant shall submit the proposed change to the Agency for its approval in the manner set forth in Section 601 of this Agreement. If the construction plans, as modified by the proposed change, conform to the requirements of Section 305 of this Agreement and the Scope of Development (Attachment No. 4) the Agency shall approve the proposed change and notify the Participant in writing within 30 days after submission to the Agency. If the submittal conforms to Section 601 and contains a reference to the provisions of this Section 305, such change in construction plans shall, unless such submittal would require discretionary approval by the Agency or the Planning Commission, be deemed approved by the Agency unless rejected, in whole or in part, by written notice thereof by the Agency to the Participant, setting forth the reasons therefor, and such rejection shall be made within said 30-day period. 5. [§306) Cost of Construction (a) In order to promote the expeditious completion of the Public Improvements, the Participant shall prepare plans for the Public Improvements and shall construct or cause to be constructed the Public Improvements all in conformity with standards normally applied by the City with respect to such Improvements. Prior to commencement of construction, the Participant shall solicit bids and award a construction 03-31-85 3994p/2273/06 -10- contract or contracts in accordance with the usual practices of the City where the City uses bidding procedures. • Prior to commencement of construction of the Public Improvements, the Participant shall post or cause to be posted with the City or the Agency a completion guarantee acceptable to the City Attorney and bonds at least equal to the estimated costs of construction, and determined by the City's Director of Public Works to conform to normal City requirements. Upon completion of all of the Public Improvements in conformity with City Standards, as reasonably determined by the City's Director of Public Works, the Agency agrees to purchase from the Participant the Public Improvements. The purchase price for such -Improvements shall be equal to the actual cost paid by the Participant for the construction of the Public Improvements. The Participant shall provide to the Agency originals of invoices and such other documentation as the Agency reasonably deems necessary to determine and verify costs of construction; thereafter the Agency shall with all due diligence determine the amount of the Participant's construction costs for the Public Improvements. Such resulting amount (the "Improvement Price") shall be payable by the Agency to the Participant only as part•of the amounts payable by the Agency to the Participant pursuant to subparts (i) and (ii) below of part (a) of Section 306 of this Agreement. Prior to the execution of this Agreement, the City has agreed to defer its receipt of normal City building permit, plan check and similar fees which would be payable arising from the Charter Centre Improvements and the Public Improvements (the "Permit Fees"), in view of relevant provisions of the applicable municipal code. By executing this Agreement, the Agency agrees to be responsible to make payment of the Permit Fees to the City, which payment shall constitute the "Agency Advance". The Participant shall be obligated to repay to the Agency the Agency Advance with interest accruing thereon at the rate of eleven percent (11%) simple per annum from and based upon the amount of each portion of the Agency Advance. Payments shall fully amortize the Agency Advance over a five (5) year period. The Participant agrees to execute a promissory note or other similar instrument evidencing its obligation to pay hereunder if deemed necessary by the Agency. At the option of the Agency, the Agency may elect to (i) receive repayment from the Participant (which right to receive payments shall be assignable by the Agency) or to (ii) set off such amounts against the amounts payable to the Participant pursuant to the provisions of this part (a) of Section 306. Provided that the Property Conveyance is effected and the Participant has provided to the Agency planning studies 03-31-85 3994p/2273/06 -11- pursuant to Section 703, and subject to the completion of the Public Improvements, the Agency shall be obligated to pay to the Participant annually on or before July 1 of each year only from tax increment revenues from the "Participant Increment" (as hereafter defined) the lesser of (i) or (ii) as follows: (i) those costs related to the Property Escrow that are paid by the Participant pursuant to Section 202, plus the Improvement Price, plus the cost to Participant of preparing studies with respect to the public improvements, plus the amount of Four Hundred Thirty -Eight Thousand Nine Hundred Thirty Dollars ($438,930) (which amount represents the purchase price for the Property Conveyance) plus interest thereon at the rate of eleven percent (11%) simple per annum. Interest shall accrue from the date of -the Property Conveyance except that, with respect to payment of the Improvement Price, interest shall accrue from the date the Public Improvements are determined to be complete. Payments shall be made until the principal (as delineated above) with interest has been paid to the Participant unless this Agreement is earlier terminated as provided hereinbelow; or (ii) an amount equal to sixty-five percent (65%) of the tax increment revenues (pursuant to Section 33670[b] of the California Health and Safety Code) directly caused by and attributable to the Charter Centre Improvements (the "Participant Increment") and received and payable by the Agency during the ten (10) calendar years commencing with the first year following the issuance of a Certificate of Occupancy for Phase I improvements as set forth in Attachment 1. Any obligation of the Agency pursuant to this subsection (a) of Section 306 shall be limited to the Participant Increment as received by the Agency. The Agency shall have no liability or obligation hereunder except as expressly set forth above. The Agency may, at its option, prepay without penalty. The obligation of the Agency hereunder is not an obligation or liability of the City of Huntington Beach or any other public body. Payment by the Agency to the Participant shall be suspended and the accrual of and any obligation to pay interest shall cease during any period in which (i) the Participant fails to fulfill its obligations under Section 705 hereof, (ii) the Participant is otherwise in material default of this Agreement, or (iii) any consent or permission of any person or entity which the Agency determines is necessary for the construction of operation of the improvements to be provided by the Participant pursuant to this Agreement lapses, is not obtained, or is not in effect for any reason. 03-31-85 3994p/2273/06 -12- V (b) All of the cost of the Charter Centre Improvements shall be borne exclusively by the Participant. . 6. [§307] Construction Schedule Contracts for the construction of any improvements developed on the Property by the Participant prior to conveyance of the Property to the Agency and contracts for the Public Improvements shall be let to the lowest responsible bidder substantially in conformity with those procedures followed by public agencies required to follow competitive bidding procedures. The Participant may submit a bid for such work on an equal basis with any other potential bidder. Provided that a bid or bids are received which are (i) responsive to and conform to the request for bids, (ii) submitted by a responsible bidder, and (iii) are not excessive as to the amount sought to be charged, a contract or contracts shall be awarded for construction of the Public Improvements. The Participant reserves the right to reject all bids and to seek additional bids, at its discretion. Upon award of the construction contract or contracts, the Public Improvements are to be promptly commenced and shall thereafter be diligently prosecuted to completion. The Participant shall commence and complete the Charter Centre Improvements by the respective times established therefor in the Schedule of Performance (Attachment No. 2). 7. [§308] Bodily Injury and Property Damage Insurance Prior to the commencement of any construction hereunder, the Participant shall obtain a policy of comprehensive bodily injury and property damage liability insurance and maintain such policy in effect until the completion of all of the Total Improvements (as determined by the Agency) providing coverage for bodily injury and property damage in the minimum amount of One Million Dollars ($1,000,000) combined single limit per occurrence. The policy shall name, as additional assured, Agency, the City of Huntington Beach, and their officers and employees, while acting within the scope of their duties, against all claims, suits, or other actions of any nature brought for or on account of any deaths,.injuries, damage or loss, arising out of or connected with the work of Participant or the development of each of the Public Improvements and the Charter Centre Improvements under this Agreement. Participant shall furnish Agency a certificate of insurance from the insurer evidencing compliance with this 03-31-85 3994p/2273/06 -13- '%..) fir) paragraph and providing that the insurer shall not cancel or modify the policy without thirty (30) days' written notice to Agency. Participant shall give Agency prompt and timely notice of any claim made or suit instituted. Agency, City, and their officers and employees, shall also be named as additional insured in any policies of Participant's contractors covering work under this Agreement, and such policies shall comply with this paragraph. Participant shall comply with all of the provisions of the Worker's Compensation Insurance and Safety Acts of the State of California, the applicable provisions of Divisions 4 and 5 of the California Labor Code, and all amendments thereto, and all similar State or Federal acts or laws applicable, 'and Participant shall hold Agency and City harmless from any claims arising thereunder. Participant shall furnish to Agency a certificate of Worker's Compensation insurance providing that the insurer shall not cancel or modify the policy without thirty (30) days' prior written notice to Agency. In the alternative, Participant may show proof of a certificate of*consent to self -insure issued by the Director of Industrial Relations according to California Labor Code Section 3800. The Participant shall release the Agency from any liability or responsibility for damage, costs, losses, or suit arising in any manner from the approval of this Agreement or activities conducted pursuant to this Agreement, including without limitation the construction (and supervision of construction) of the Public Improvements. S. [§309] Insnection_Access Representatives of the Agency and the City shall have the right of access to the Site, without charges or fees, at normal construction hours during the period of construction for the purposes of this Agreement, including, but not limited to, the inspection of the work being performed in constructing the Public Improvements and the Charter Centre Improvements. 9. [ §310 ] Local, State and Federal Laws; Antidiscrimination The Participant shall carry out the construction of the Public Improvements and the Charter Centre Improvements in conformity with all applicable laws. The Participant, for itself and its successors and assigns, agrees that in the construction of the Public Improvements and the Charter Centre Improvements, the Participant will not discriminate against any employee or 03-31-85 3994p/2273/06 -24- applicant for employment because of race, color, creed, religion, age, sex, marital status, handicap, national origin or ancestry. IV. [§400] USE OF THE SITE A. [§401] Uses The Participant covenants and agrees for itself, its successors, its assigns, and every successor in interest to the Site or any part thereof, that during construction and thereafter, the Participant, such successors and such assignees, shall devote the Site to the uses specified in the Redevelopment Plan and this Agreement for the periods of time specified therein. The foregoing covenant shall run with the land. The Participant covenants by and for itself and any successors in interest that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Site, nor shall the Participant itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Site. The foregoing covenants shall run with the land. The Participant shall refrain from restricting the rental, sale or lease of the property on the basis of race, color, creed, religion, sex, marital status, handicap, national origin or ancestry of any person. All such deeds, leases or contracts shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses: 1. In deeds: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee himself or herself' -or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or 03-31-85 3994p/2273/06 -15- V segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land." 2. In leases: "The lessee herein convenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: "There shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, handicap, age, ancestry or national origin in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the premises herein leased nor shall the lessee himself or herself, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants or vendees in the premises herein leased." 3. In contracts: "There shall be no discrimination against or segregation of, any person, or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, ancestry or national origin, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the premises, nor shall the transferee himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the premises." The covenants established in this Agreement and the deeds shall, without regard to technical classification and designation, be binding for the benefit and in favor of the Agency, its successors and assigns, the City and any successor in interest to the Site or any part thereof. The covenants, contained in this Agreement and the Deeds shall remain in effect until the termination date of the Redevelopment Plan. The covenants against racial discrimination shall remain in perpetuity. 03-31-85 - 3994p/2273/06 -26- B. [§402] Rights of Access In addition, to those rights established pursuant to Section-309 of this Agreement, the Agency, for itself and for the City and other public agencies, reserves the right to enter the Site or any part thereof at all reasonable times for the purpose of construction, reconstruction, maintenance, repair or service of any public improvements or public facilities located on the Site. Any such entry shall be made only after reasonable notice to Participant. C. [§403] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction The Agency is deemed the beneficiary of the terms and provisions of this Agreement and of the covenants running with the land, for and in its own rights and for the purposes of protecting the interests of the community and other parties, public or private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. The Agreement and the covenants shall run in favor of the Agency, without regard to whether the Agency has been, remains or is an owner of any land or interest therein in the Site or in the Project Area, The Agency shall have the right, if the Agreement or covenants are breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants may be entitled. V. [§500] DEFAULTS AND REMEDIES A. [§501] Defaults -General Subject to the extensions of time set forth in Section 603, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under this Agreement. A party claiming a default (claimant) shall give written notice of default to the other party, specifying the default complained of. Except as otherwise expressly provided in Sections 508 and 509 of this Agreement, the claimant shall not institute proceedings against the other party if the other party within forty-five (45) days from receipt of such notice immediately, with due diligence, commences to cure, correct or remedy such failure or delay and shall complete such cure, correction or remedy as soon as reasonably practicable after receipt of such notice. 03-31-85 3994p/2273/06 -17- V B. [§502] Legal Actions 1. [§503] Institution _of_Legal_,Actions In addition to any other rights or remedies and subject to the restrictions in Section 501, either party may institute legal action to seek specific performance of the terms of this Agreement, or to cure, correct or remedy any default, to recover damages for any default, or to obtain any other remedy consistent with the purpose of this Agreement. Such legal actions must be institutued in the Superior Court of the County of Orange, State of California, in an appropriate municipal court in that county, or in the Federal District Court in the Central District of California. 2. [§504] Applicable Law The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 3. [•§505] Acceptance of Service of Process In the event that any legal action is commenced by the Participant against the Agency, service of process on the Agency shall be made by personal service upon the Director or in such other manner as may be provided by law. In the event that any legal action is commenced by the Agency against the Participant, service of process on the Participant shall be made by personal service upon a corporate officer of the Participant and shall be valid whether made within or without the State of California or in such other manner as may be provided by law. C. [§506] Rights and Remedies Are Cumulative Except as otherwise expressly stated in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. D. [§507] Inaction Not a Waiver of Default Any failures or delays by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies, or deprive either such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. 03-31-65 3994p/2273/06 -18- E. [§508] Damages. If either party defaults with regard to any of the provisions of this Agreement, the non -defaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by the defaulting party within sixty (60) days after service of the notice of default (or within such other period as is set forth herein), the defaulting party shall be liable to the other party for any damages caused by such default, and the non -defaulting party may thereafter (but not before) commence an action for damages against the defaulting party with respect to such default. F. [§509] Specific Performance. If either party defaults under any of the provisions of this Agreement, the non -defaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by the defaulting party within forty-five (45) days of service of the notice of default, or such other time limit as may be set forth herein with respect to such default, the non -defaulting party at its option may thereafter (but not before) commence an action for specific performance of terms of this Agreement. G. [§510] Remedies and Rights Prior to the Property Conveyance 1. [§511] Termination by Participant In the event that at the time established for the Property Conveyance in the Schedule of Performance (Attachment No. 2) the Participant is not in default of this Agreement but the Agency refuses to accept the conveyance and possession of the Property upon tender by the Participant made in conformity with this Agreement, then this Agreement shall, at the option of the Participant, be terminated by written notice thereof to the Agency, and thereupon neither the Agency nor the Participant shall have any further rights with respect to the Property by virtue of or with respect to this Agreement; provided, however, that all monies or documents deposited by either party into Escrow shall be returned to the party making such deposit. 2. 165121 Termination by the -Agency In the event that, prior to the Property Conveyance: (a) The Participant (or any successor in interest) assigns or attempts to assign the Agreement or 03-31-85 3994p/2273/06 -19- any rights therein or in the Site or the Property in violation of this Agreement; or • (b) There is a change in the ownership of the Participant contrary to the provisions of Section 109 hereof; or (c) The Participant does not submit certificates of insurance, planning studies (pursuant to Section 703), the guaranty of Frank Mola (pursuant to Section 702), construction plans, drawings and related documents as required by this Agreement, in the manner and by the dates respectively provided in this Agreement therefor any such default or failure shall not be cured within forty-five (45) days after the date of written demand therefor by the Agency; or (d) The Participant fails to execute the Grant Deed (Attachment No. 3) by the time established in the Schedule of Performance (Attachment No. 2) for the Property Conveyance; - then this Agreement and any rights of the Participant or any assignee or tranferee in the Agreement, or arising therefrom with respect to the Agency or the Site, shall, at the option of the Agency, be terminated by the Agency. In the event of termination under this Section 510, neither party shall have any rights against the other under this Agreenent. VI. [§600] GENERAL PROVISIONS A. [§601] Notices, Demands and Communications Between the Parties Written notices, demands and communications between the Agency, to the attention of its Chief Executive Officer, and the Participant shall be sufficiently given if delivered by hand or dispatched by registered or certified mail, postage prepaid, return receipt requested, to the principal offices of the Agency and the Participant. Such written notices, demands and communications may be sent in the same manner to such other addresses as either party may from time to time designate by mail as provided in this Section 601. Any written notice, denand or communication shall be deemed received immediately if delivered by hand and shall be deemed received on the tenth day from the date it is postmarked if delivered by registered or certified mail. 03-31-85 - 3994p/2273/06 -20- B. [§602] Conflicts of Interest No member, official or employee of the Agency -shall have any personal interest, direct or indirect, in this Agreement, nor shall any member, official or employee participate in any decision relating to the Agreement which affects his personal interests or the interests of any corporation, partnership or association in which he is directly or indirectly interested. No member, official or employee of the Agency shall be personally liable to the Participant, or any successor in interest, in the event of any default or breach by the Agency, or for any amount which may become due to the Participant or successor or on any obligations under the terms of this Agreement. C. [§603] Enforced Delay; Extension of Times of Performance In addition to specific provisions of this Agreement, performance by either party hereunder shall not be deemed to be in default, and all performance and other dates specified in this Agreement shall be extended, where delays or defaults are due to: war; insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental restrictions or priority; litigation; unusually severe weather; inability to secure necessary labor, materials or tools; delays of any contractor, subcontractor or supplier; the failure of the Agency to receive bids conforming to Section 307 of this Agreement; acts or omissions of the other party; acts or failures to act of the City of Huntington Beach or any other public or governmental agency or entity (other than the acts or failures to act of the Agency which shall not excuse performance by the Agency); or any other causes beyond the control or without the fault of the party claiming an extension of time to perform. Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty (30) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of Agency and Participant. D. [6604] Inspection of Books and Records The Agency shall have t:he right until five (5) years after the completion of the Public Improvements upon reasonable advance notice to the Participant and during normal business hours, to inspect those records and accounts of the Participant 03-31-85 3994p/2273/06 -21- which shall pertain to the development of the Site or the determination or verification of amounts payable to the Participant hereunder. The Participant has the right, until completion of the Public Improvements upon reasonable notice and during normal business hours, to inspect the public records of the Agency pertaining to the development of the Site. E. [§605] Non -liability of Officials and Employees of the Agency No member, official or employee of the Agency or the City shall be personally liable to the Participant, or any successor in interest, in the event of any default or breach by the Agency (or the City) or for any amount which may become due to the Participant or its successors, or on any obligations under the terms of this Agreement. VII. [§700] SPECIAL PROVISIONS A. [§701-] Submission of Documents to the Agency for A proval Whenever this Agreement requires the Participant to submit plans, drawings or other documents to the Agency for approval, which shall be deemed approved if not acted on by the Agency within the specified time, said plans, drawings or other documents shall be accompanied by a letter stating that they are being submitted and will be deemed approved unless rejected by the Agency within the stated time. If there is not time specified herein for such Agency action, the Participant may submit a letter in the manner described in Section 601 of this Agreement which specifically references the language of this Section 701, which may, except with respect to matters which would require discretionary approval by the Planning Commission or the Agency, require Agency approval or rejection of documents within thirty (30) days after submission to the Agency or such documents shall be deemed approved. B. 16702] Guaranty Concurrent with the execution by the Participant of this Agreement, Frank Mola, an individual, is executing and delivering a Guaranty of all of the Participant's obligations to the Agency pursuant to this Agreement (an executed counterpart of which is attached hereto as Attachment No. 5, which is incorporated herein), C. [§703] Planning Studies The Participant has caused to be prepared planning studies pertaining to the Project Area or the Public 03-31-65 3994p/2273/06 -22- V Improvements, and has incurred substantial expenses therefor. The Participant shall provide such studies to the Agency within thirty (30) days after the execution of this Agreement. The Participant shall substantiate all costs so incurred upon request therefor by the Agency. D. [§704] Supplemental_ Conveyance After the completion of the Public Improvements and following the Property Conveyance, the Agency shall convey the Property to the City. No monetary consideration is to be paid by the City to the Agency in connection with such conveyance. E. 1§7051 Additional Participant Obligations The Participant shall cooperate with the Agency in providing access from the site of the Charter Centre Improvements south to Cypress Avenue. The Participant shall participate (including the provision of funds) in a parking study of the surrounding area, and if parking is determined to be required, the Participant shall cooperate in securing additional parking (including parking on the parcel located immediately to the south of the site of the Charter Centre Improvements). E. 1§7061 Amendments „to this Agreement The Participant and the Agency agree to mutually consider reasonable requests for amendments to this Agreement which may be made by either party hereto, provided said requests are consistent with this Agreement and would not substantially alter the basic business terms included herein. VIII. 1§8001 ENTIRE AGREEMENT, WAIVERS This Agreement is executed in three (3) duplicate originals, each of which is deemed to be an original. This Agreement includes pages 1 through 24 and Attachments 1 through 5, which constitutes the entire understanding and agreement of the parties. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreements between the parties or their predecessors in interest with respect to all or any part of the subject matter hereof. All waivers of the provisions of this Agreement must be in writing by the appropriate authorities of the Agency and the 03-31-85 3994p/2273/06 -23- Participant, and all amendments hereto must be in writing by the appropriate authorities of the Agency and the Participant. In any circumstance where under this Agreement either party is required to approve or disapprove any matter, approval shall not be unreasonably withheld. IX. (§9001 TIME FOR ACCEPTANCE OF AGREEMENT BY AGENCY This Agreement, when executed by the Participant and delivered to the Agency, must be authorized, executed and delivered by the Agency on or before forty-five (45) days after signing and delivery of this Agreement by Participant or this Agreement shall be void, except to the extent that the Participant shall consent in writing to a further extension of time for the authorization, execution and delivery of this Agreement. The date of this Agreement shall be the date when it shall have been signed by the Agency. IN WITNESS WHEREOF, the Agency and the Participant have signed this Agreement on the respective dates set forth below. April 15 19 a5 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH ATTEST: Agency Clerk r By: Chairmtan MOLA DEVELOPMENT CORPORATION, a Califopiia corporation By: FiAaizk Mola, President By: :t its: 03-31-85 3994p/2273/06 -24- �.wo APPROVED AS TO FORM: ��Wr. 6?Klal Agency Special Coun INITIATED AND APPROVED AS TO CONTENT: De10 u y Director of Redevelopment APPROVED: City Administrator/Chic Executive Officer REVIEWED AND APPROVED AS TO FOPM : dq. _Y/ .-* y Agency Attorney �_{445 w -25- SCHEDULE OF PERFORMANCE AGENCY OBLIGATIONS EXECUTION OF AGREEMENT Within 30 days of submittal by Participant APPROVAL OF PLANS AND SPECIFICATIONS FOR PUBLIC IMPROVEMENTS AND BUILDINGS Within 45 days after initial submittal by Participant and within 30 days after sub- mittal of corrections ATTACHMENT 2 PARTICIPANT OBLIGATIONS PREPARATION AND SUBMITTAL OF PLANS AND SPECIFICATIONS Within 60 days after execution of Agreement by Agency CONVEYANCE OF ALL STREET RIGHT- OF-WAYS AND PUBLIC UTILITIES EASEMENTS TO AGENCY Prior to awarding of con- tract on public improvements SOLICIT BIDS ON PUBLIC IMPROVE- 14ENTS Within 15 days after approval of plans and specifications DEPOSIT WITH AGENCY ACCEPTABLE GUARANTEES AND BONDS FOR FINANCING PUBLIC IMPROVEMENTS 10 days prior to commence- ment of construction AWARD CONTRACT ON PUBLIC IMPROVEMENTS Within 45 days after solicita- tion of bids but no sooner than Participant's deposit of acceptable financing guarantees 3994p/2273/06 Page I of 2 PARTICIPANT OBLIGATIONS CONSTRUCT PUBLIC IMPROVEMENTS Within 360 days after awarding of contract and/or in coordin- ation with Participant's on - site development activities COMMENCE CONSTRUCTION OF PHASE I ONSITE IMPROVEMENTS Within 30 days of City approval of Plans and Specifications COMPLETE CONSTRUCTION OF PHASE I ONSITE IMPROVEMENTS Within 36 months of commence- ment of construction OPEN ESCROW Within 60 days after commence- ment of construction or execution of this Agreement by the Agency, whichever is later CLOSE ESCROW Within 30 days after completion of the Public Improvements as certified by the City 3994p/2273/06 Page 2 of 2 Recording Requester)� ' v: k� �I�rS''�•�1'0l City of Huntingt64each -ATTACHMENT N0. 3 a �` GRANT DEED d' When Recorded Mail To: Redevelopment Agency of the City of Huntington Beach 2000 Main Street Huntington Beach, California 92648 __ (s2ace above this line for recorder's use) Mail Tax Statements To: GRANT DEED For valuable consideration, the receipt of which is hereby acknowledged, MOLA DEVELOPMENT CORPORATION, a California corporation hereby GRANT(S) to the Redevelopment Agency of the City of Huntington Beach, a public agency, the real property in the City of Huntington Beach, County of Orange, State of California, described as That real property described in Exhibit A, which is attached hereto and incorporated herein by reference. Dated: y1 198 MOLA DEVELOPMENT CORPORATION A Califgz;nia corporation By: ^- _ Fra k M a, President By: Its: /;..� •.. 03-31-BB ATTACM7-= NO. 3 8219P/2273/06 Page 1 of 6 W" M STATE OF CALIFORNIA ) - ss. COUNTY OF ORANCE ) • On before me, the undersigned, a Notary Publ c in a d for said State, personally appeared personally known to me or proved tome on the basis of satisfactory evidence to be the person who executed the within instrument as the President, and _ nQ / 4 k dpersonally known to me or proved td me on the basis of satisfactory evidence to be the, person who executed the within instrument as the .1I1 '�S of the Corporation that executed -the within instrument and acknowledged to me that such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors. WITNESS my hand and official seal. Vlq J, � 71 (SEAL) �*�� ''�; Fr �_L . fi •,.�: a 03-31-85 ATTACBXMT NO. 3 8219P/2273/06 Page 2 of 6 V DEED AUTHORIZATION • This is to certify that the interest in real property conveyed by the grant deed of even date herewith from, MOLA DEVELOPMENT CORPORATION, a California corporation, to the REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, (the "Agency"), a governmental agency, is hereby accepted by the undersigned officer of agent on behalf of the Agency pursuant to authority conferred by Resolution. 1L. of the Agency as grantee consents to recordation thereof by its duly authorized officer. Dated: %S� 198r REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH � Chairman ATTEST: Agency Clerk STATE OF CALIFORNIA COUNTY OF ORANGE On t S 19:�g befp_re me, a Notary Public of the State of California, personally appeared Art to me to be the Chairman, and Alicia M. WentworC. nown o me to beknown the Clerk, of the Redevelopment Agency of the City of Huntington Beach and known to me to be the persons who executed the within instrument on behalf of said public agency and acknowledged to me that such public agency executed the same. OFFICIAL SEAL tiONN't A. E+ROCKWAY NO ABY FULLIC - CAL.:C;V:A n PRINCIPAL CFFICe IN �. ORAN ;E COUNTY �. MY COMMISSION EXPIRES OCTAD 1985 3 03-31-85 ATTACHMENT NO. 3 8219P/2273/06 Page 3 of 6 1",1 EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY jInsert legal description of the Property) I 03-31-85 ATTACHMENT 140. 3 8229P/2273f06 Page 4 of 6 ✓ Exhibit "A" PARCEL 1: Commencing at the Northeast corner of the Northeast quarter of the Northeast quarter of Seetlon 26, Township 3 South, Range 11 West, S. B. B. & M.; thence West, along the North line of said Section 26, 417.42 feet; thence South, parallel to the East line of said Section 26, 417.42 feet; thence East, parallel to the North line of said Section 26, 417.42 feet and thence North along the East lien of said Section 26, 417.42 feet to the point of beginning. Excepting*the interest in that portion of said land was conveyed to the County of Orange for public highway purposes by deed recorded March 31, 1954, in Book 2699, Page 412 of Official Records and re -recorded April 20, 1954, In Book 2713, Page 147, of Official Records included within the following described land: A strip of land 40 feet In width adjoining and Southerly of the Northerly line of Section 26, Township 3 South, Range 10 West, S. B. B. & M.; and extending from a line which is parallel with and 30 icet Vest of the Easterly line of said Section 269 said parallel line being also the West line of the right of way of Huntington Beach Boulevard, Westerly a distance of 343.42 feet to the center line of Ash Street as shown on a map of Tract No. 363, recorded in hook 15, Page 31 of Miscellaneous Maps, recorded of Orange County, California. The intersection of the Southerly line of the said 40-foot strip with the Westerly lien of the elpht of way for Huntington Beach Boulevard shall be rounded with a curve having a raelus of 17.00 feet. PARCEL 2: Lots 1 to 16 both inclusive in Block A of Moores Home Place, Tract No. 368, as shown on a neap recorded in Book 15, Page 31 of Miscellaneous Mats, records of Orange County, California, together with all that certain alley 20.00 feet in width In Block A and all of Elrn Street 40.00 feet In wldtri adjoining the Easterly line of said Block A, as shown on a map of Tract No. 368, recorded In Book 15, Page 31 of Miscellaneous Maps, records of Orange County, California, abando6ed by Order of the Board of Supervisors of the County of Orange, a copy of which was recorded July 23,1943, In Book 1674, Page 321 of Official Records. Excepting the interest in that portion of said land which was conveyed to the County of Orange, for puiWc purposes by deed recorded starch 31, 1954, in Book 2699, Page 412, of Official Records and re -recorded April 20, 1954 In Book 2713, Page 147 of Official Records Included within the following described land: A strip of land 40 feet in width adjoining and Southerly of the Northerly line of Section 26, Township S South, Range 1Q West, & B. B. & M.; and extending from a tine which is parallel with and 30 feet Nest of the Easterly line of said Section 26, saic parallel line being also the Vest line of the right of way of Huntington BcwA Soulevara, Westerly a -- distance of 943.42 feet to the center line of Ash Street'as shown on a map of Tract No. 363, recorded in Book 15, Page 31 *of Miscellaneous Maps, records of Orange County, California. ATTACHMENT NO. 3 Page 5 of 6 -, Exhibit "A" Continued - The intersection of the Southerly line of the said 40 feet strip with the Westerly line of the right of way for Huntington Beach Boulevard shall be rounded with a curve having a radius of 17.00 feet. PARCEL 3.- Lot I In B1aek A of Tract No. 4369 as shown on a map recorded In Book 16, Page 28 of Miscellaneous Maps, records of Orange County, California. PARCEL 4: The West 193.71 feet of Lot 2 In Block A of Tract No. 436, Moore's Home Place No. 2, as shown on a map recorded in Book 16, Page 28 of Miscellaneous Uaps, records of Orange County, California. PARCELS: The North 48 feet of the West half of Lot 3 In Block A of Tract No. 436, Moore's Horne Place No. 2 as shown on a map recorded in Book 16, Page 23, of Miscellaneous Maps, records of Orange County, California. Parcel 6: The North 48 feet of the East I93.71 feet of Lot 2, Block A, Tract No. 436, In the City of Huntington Beach, as per map recorded In Book 16, Page 28 of Miscellaneous Maps, In the office of the County Recorder of said County. ATTACHMENT NO. 3 Page 6 of 6 V ATTACHMENT NO. 4 SCOPE OF DEVELOPMENT I. PRIVATE IMPROVEMENTS The Developer shall cause the commencement and completion of the Charter Centre Improvements, as referred to in Section 107 of the Agreement and as approved by the Planning Commission on March 6, 1984, and as may be subsequently amended. The Charter Centre Improvements shall conform to the Redevelopment Plan and to all City requirements. II. PUBLIC IMPROVEMENTS Subject to all of the terms and conditions contained in the Agreement (including without limitation the prior completion of the Property Conveyance and receipt by the Agency of the Advance Amount), the Agency shall cause the construction of the following items numbered I to 5, inclusive, which collectively constitute the "Public Improvements": ITEM 1. 2. 3. ESTIMATED DESCRIPTION COST COMMENTS Street Improvements $440,000 Streets, walks, curbs, (Off -Site) water, sanitary sewer, storm sewer, & mist. improvements at Beach, Warner, Ash, & Sycamore Streets Traffic Signal 120,000 Re -work Beach & Revisions & Additional Warner signal and add (Off -Site) signal at Beach & Ash Relocate Utility. Cables Below Grade (Off -Site) Power Lines & XFMR Vaults (On -Site) 03-31-85 8219P/2273/06 260,000 Relocate Power, Phone, & Cable T.V. Lines & Poles on Beach, Ash, & Sycamore Streets. All cables in public right of way and on adjacent construction easements to be installed below grade. 80,000 ATTACHMENT NO. 4 Page 1 of 2 Installation of transformer vaults & below grade conduit/- V 5. Additional Public Improvements (On -Site) 03-31-85 8219P/2273/06 duct bank for electrical & phone service in future easements. Easements to run from public streets to each building pad, 10 LF x $40/LF = $32,000, 2 vaults x $12,000/ea. = 24,000 $260,000 Installation of potable water, firewater, fire hydrants, sanitary sewer & storm sewer in future easement. Improvements to service all buildings. ATTACHMENT NO. 4 Page 2 of 2 W" ATTACMENT NO. 5 GUARANTY GUARANTY made as of the 9th day of April 1985, given by FRANK MOLA, an individual (hereinafter called the "Guarantor") to THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (hereinafter tailed the "Agency"). A G R E E M E N T In order to induce the Agency to enter into a Disposition and Development Agreement by and between the Agency and MOLA DEVELOPMENT CORPORATION, a California corporation (the "Developer") (the "Agreement") and, in consideration of good and valuable consideration, receipt of which is hereby acknowledged by Guarantor, Guarantor hereby agrees as follows: 1. Guarantor hereby guarantees to the Agency the performance and observance by the Developer of all of the terms, covenants and conditions to be performed or observed by the Developer with respect to the conveyance of the Property, and all obligations of the Developer with respect to the Agreement. The Guarantor guarantees the performance of all of the terms, covenants and conditions to be performed or observed by the Developer under the Agreement. 2. This Guaranty is unconditional and may be enforced directly against the Guarantor. Any modification of the Agreement, or the giving by the Agency of any extension of time for the performance of any of the Developer's obligations or any other forbearance on the part of the Agency, or any failure by the Agency to enforce any of its rights under the Agreement, shall in no way release Guarantor from liability hereunder or terminate, affect or diminish the validity of this Guaranty or Guarantor's obligations hereunder. Guarantor expressly agrees that it shall not be released from any liability hereunder and the validity of this Guaranty and of Guarantor's obligations hereunder shall in no way be terminated, affected or diminished by reason of the assertion by the Agency against the Developer of any of the rights or remedies reserved to the Agency under the Agreement. 3. The Guarantor hereby waives all of the suretyship provisions of the California Civil Code Sections 2788 through 2855, including without limitation the right to require that the Agency proceed first against the Developer as a condition to enforcing this Guaranty. 03-31-85 ATTACHMENT NO. 5 8219P/2273/06 Page 1 of 3 4. Guarantor agrees to pay all reasonable attorneys' fees and all other costs and expenses which may be incurred by the Agency in enforcing or attempting to enforce this Guaranty, whether the same shall be enforced by suit or otherwise. S. The undersigned hereby waives notice of any demand by the Agency, as well as notice of any default of the Developer. 6. The Agency may assign this Guaranty. When so assigned, Guarantor shall be bound as above to the assignees without in any manner affecting Guarantor's liability hereunder. 7. This Guaranty shall remain in effect notwithstanding any bankruptcy, reorganization or insolvency of the Developer or any successor or assignee thereof or any disaffirmance by a trustee of the Developer. S. This Guaranty shall inure to the benefit of and bind the successors and assigns of the Agency and the Guarantor. 9. Whenever the Agency or the Guarantor shall desire. to give notice to the other hereunder, such notice shall be sufficiently given if dispatched by registered or certified mail, postage prepaid, return receipt requested, addressed to the other party as follows: To Guarantor: by addressing the same to Frank Mola 8072 Adams Avenue Huntington Beach, California 92646 To Agency: by addressing the same to Redevelopment Agency of the City of Huntington Beach 2000 Main Street Huntington Beach, California 92648 Either party may, however, at any by mailing, as aforesaid, a notice st setting forth the new address. r e cha ge its address g W� hange and ranK Mola 4 03-31-85 8219P/2273/06 ATTACHMENT NO. 5 Page 2 of 3 STATE OF CALIFORNIA ) ss. COUNTY OF&AMC- On before me, the undersigned, a Notar P li�.,zn and for said State, personally appeared •-,i✓� �1.�?1.Z4 personally known to me or proved to me on the basis of satisfactory evidence to be the person_ whose name GCS subscribed to the within instrument and acknowledged that H 6 executed the same. WITNESS my hand and official seal. /V,. 'Qpw�/' CL-1) U (SEAL) OFFICSAL SE1lL CARON KAY cAMON WTAiY PurLIC - cAura;N:A tirJ GRANCC COUNTY ' MyCo,we E.q�KMa,.h iJ. ;988 03-31-85 ATTACHMENT NO. 5 821SP/2273/05 Page 3 of 3 fl ��-1� R QUEST FOR C�Y-JUNCIUREDEVE:.OPMENT A E �( . ACTION Dace June 1 1984 itted to: Ilonordble Mayor/Chaitrian and City Council/Redevelopmen , gq' cy `'aibmittec! by: Charles W. Thompson, City Administrator/Chief Execu+ v ricer Prepared hy: Thomas U. Tincher, Redevelopment Coordinator / Subject: OWNER PARTICIPATION AGREEMENT WITH MOLA DEVELOPMENT CORP0%. NTION FOR THE CONSTRUCTION OF CHARIER CENTRE Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: :" 11A'!'CMENT OF ISSUE: Under California Redevelopment Law, the Redevelopment Agency is authC)ri7:ad to provide certain kinds of assistance which is directed at supporting and promoting private sector investments in redevelopment project .areas. Mola Development Corporation has previously requested Agency assistance in helping carry out the Charter Centre Project. The attached agr,rement provides limited support fo'r the project by the F.edevelopment Agency conuiiitting to construct the certain puk ' is improvements and acquire the additional public right-of-way which is needed. The t1ola Corporation is obligated to advance to the Agency the necessary funds to undertake thc: required construction. The Mola Corporation would be reimbursed for this advance of funds through future tax increment dollars generated by ,,,Lht:- completed project. Th r :: agreement is consistent with the (•stablished vddevelopmc•nt goals I car 1-he oakview Area and the authorizing provisions of State Law. Al!.., attached is a latter. from the Fula Corporation, requesting tt.at certain Ices be deferred until the Certificate of Occupancy is issued for the office building. ..001N MENDAT I ONS : 1. City !'ouncil approve Resolution No, 5378. 2. Redevelopment Agency approve Res••Lution No. 80. 3. Redevelopment Agency approves Charter Centre Owner Participation Agret ment. a_ the stated fees and, if there are no legal constraints, authorize the deferral of said•fees'until the issuance of the: Certificate of Occupancy for the 14-story Phase t office building, but in no case longer than 24 months from the issuance of the related building permits. 5_ Study the reduction or elimination of the Library Fee as it =elates to parking structures. r r'' �,YsfS: Approval of the attached Owner Partic cation Agreement would cvr-.nit thy: Redevelopment Agency to acquire pertain land for public right-of-way and construct designated public improvements. Mola Development Corporation would supply certain relevant engineering and traffic studies to the H A 64-17 .Tune 1, 1984 Page Two Agency for which the Corporation would be reiiitbursed. The stated and estimated costs to -the Agency that will be financed by the P1ola Development Corporation are: Right -of -Way Acqusition $ 438,930 Engineering and Design Studies 59,600 Street Improvements 440,000 Traffic signal Revisions & 120,000 Additions Relocate Utility Cables Below Grade 260,000 Power Lines & Vaults 80,000 Other Public Improvements 260,0D0 $ 1,658,530 The Agreement provides that the Redevelopment Agency would reiriburse Mola Development Corporation for these costs by an annual allocation of no more -than 65% of the tax increment generated by the Charter Centre Project. Payments would commence in the year following the issuance of the Certificate of Occupancy for the 14-story office building. It is estimated.that Phase I of the project will cost approximately $35,000,000 which will generate an estimated $300,000 in tax increment annually. The Agency's annual payment to the Mola Corporation under this condition, would be $195,000 and no more. The amount represents 65% of the available incremenr. The Agency will receive the total amount. of tax increment for other uses, prior W the issuance of the Certificate of Occupancy and for nearly twenty yoars after the obligation to the Mola Corporation is met. Even with the support being provided the Corporation, the project will generate an additional $7,000,000 plus, over its life for other Agency activities. -- ,%LTERNATIVES 1. Not provide support and face a possible reduction in the scope of the project. FUNDING: 1. Advances from the Mola Development Corporation which will be remibursed with future tax increment funds. ATTACHMENTS: 1. Resolution No. 5378 and Resolution No. 80 2. Letter from k1ola Development Corporation, dated 5/31/84. 3. Charter Centre Agreement, :WT/TT:lp kl..� `,i i- ra r /-**N �=•r :fit, May 31, 1984 Mr. Charles Thompson City Administrator CITY OF Hl1wriNGTON BEACH 2000 Main Street Huntington Reach, CA 92648 Subject: Charter Centre Fees Dear. Mr. Thompson: It is my pleasure to advise you that we will be starting construction on Charter Centre in the next few creeks. As you know, the "up -front" costs for a project of this size are very high and the cost to carry them through construction is an added financial burden. A significant part of these costs are fees paid to the City of Huntington Beach. The following is a breakdown of our fees for Phase I of our. project: Building Plan Check $ 400157 '. Building Permit 61,778 Library Fee 53,400* Sewer 5,482 Water- 2,550 Drainage 211,850 Grading 635 Conservation Fee 1,699 O.C. Sanitation Dist. 14 700 202, 51 *Library Fee includes a $24,000 fee for the parking structure. The cost to carry fees paid when permits are issued can be higher than normal carrying costs because interest on a construction loan is higher than for a "take-out' loan. "1 Air. Charles Thompson city OF HUNTINGTON BEACH May 31, 1984 Page Two In order to assist us in keeping our initial coats within a reasonable limit, we respectfully request that paynent of these fees be postponed until the Certificate cf Occupancy for the 14-story office building is issued. Tyre also request that the Library Fee for the parking structure be waived, since the parking structure is not useable or habitable and serves as support to the main structures, also, parking facilities are not normally provided in a structure. Thank you for considering this request. If we can provide you with additional information, please feel free to contact our office. Vety truly yours, ,-�&A DEVELOPMENT CORPORATION Fraik J. Mola, Pre ident 1-Wrl:lw tw.) L� RESOLUTION NO. 5378 .n RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH DETERMINING THAT THE CONSTRUCTION OF CERTAIN PUBLIC IMPROVEMENTS IS OF BENEFIT TO THE OAKVIEW REDEVELOPMENT PROJECT AND THE IbWEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS. WHEREAS, the Redevelopment Agency of the City of Huntington Beach (the "Agency") is authorized to carry out the redevelopment of the Oakview Redevelopment Project Area (the "Project"); and WHEREAS, the Redevelopment Plan for the Project Area (the "Redevelopment Plan") authorizes and directs the Agency to pay all or part of the value of the acquisition and construction of public improve- ments; and WHEREAS, the City Council of the City of Huntington Beach (the "City") desires to construct certain public improvements within or adjacent to the Project Area as depicted in the map attached here as Exhibit "A" and incorporated herein by reference ("the Site Map"); and WHEREAS, California Health and Safety Code Section 33445 n provides that the Redevelopment Agency may, with the consent of the legislative body, pay all or part of the value of public buildings, .�. facilities, structures, or other improvements upon A finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the Project is located and that there is no other reasonable means of financing such public improvements available for the community. NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve as follows: Section 1: This City Council hereby determines that the construction of the Public Improvements will be of benefit to the Project Area and the surrounding neighborhood in which the Project is located. Section 2: This City Council further determines that no other reasonable means of financing the construction of the Public Improvements is available except having the Agency pay all or part of the value of such acquisition, clearance, regrading, and construc- tion of the Public Improvements. Section 3: This City Council finds and determines that the provision of the Public Improvements is necessary to effectuate the purposes of the Redevelopment Plan. Section 4: This City Council consents to the payment by the Agency of alof r part of the value of land for and the cost of clearance, regrading, installation, and construction of the Public Improvements. PASSED, APPROVED, AND ADOPTED this day of , 1984, at a regular meeting of the City Council of the City of Huntington Beach by the following vote: AYES: HOES: ABSENT: ABSTAIN: ATTEST: City Clerk APPROVED AS TO FORM: Ci ty A orn y Mal Mayor • INITIALED AND APPROVED: U� ✓ Redevelopment Coordinator _ � ' � ..::. • ram.. .�.. r s� �' �� � f' _ Al 177iIIlijj lil '-1C1Eili1`illlt�llllll i i. w •ir ! N04 iw4 "*mw r • i �,i I a�—'.w��~ 1 I I I I. I I 1 i �_ ••' �•� l 1 •� _I [frwu CMr• i i I I Y i i J I I it lri 1 i 'T I 7r.so[ ra 3...:r•.1 I Pod La ice; I I [•MY ONK• iM.l•[ { � jIf 1 S Ir�p `4w L /wr ..�. I I[.� • i. I 1 •• pod NO w'-� I li ilr7 OI'k. MM r-- il7 .. 117 •"~� ' I l l l l�l l y;� l I l l l l i i I I! 1 �"I�r-......�♦ rt 0 or �i ~` C I I � i t�j Ill ! I I I I I i ! ! 1 �"`� • � ; � •, � _' .--- � � �' ' 1 '�'"� �• III III;! I I I I I I l l l l l i � �.; "— � �� ��� � \ ;;. � j! ' � i 4 ��. 1 41M�• � �I I X�Ir a`'r+'• _a•—.►—rY. �.�I J.i1 1�_... �I } r 1a•Ir.....r �M I .M1 N.1'N 4r f• IlwlllN••. I� I I 1 f M i f I PROJECT 5UMMALAY ' ��.i`'_' i -`-` II•ss[� , _ =_I v�'•�'....• "I ,mot. � 31 Y+e eto On PAD IIO. 7 il..o00 •1 r11[ r.N••.Q M4 _� .Y� .• 4— r40 110 [ 1[.066aA yr _ ,• ��a. II *� ..� H6 NO i rr 000 •1 lrlytiwr MO .'� •� , r•. 110 r . Nr.af 1•alnN [o. E ; tom; , , �! J . roe NO . n.wo a 1 Yor 14 r-ft-O Ww:s : a .1 • _. I f l.n la . P. r.n w1s Y.e•1 r.ovo I+o. .rc._ S- r�..•.J.1 .r++y..►. ' ` :...... I I 1 ►.O No I.WA OR fC.aF. LU COHARTER C Eg" '111'2 T R E rj <35 �...1.gw r A.NK.. rr•.K ! ! 1 ��E MAP it l'_ 1. �1 r '�._...-Y _� s i RESOLUTION 140. 80 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH DETERMINING THAT THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IS OF BENEFIT TO THE OAKVIEW REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS WHEREAS, the Redevelopment Agency of the City of Huntington Beach (the "Agency") is authorized to carry out the redevelopment of the Project Area for the Oakview Project (the "Project"); and WHEREAS, the Redevelopment Plan for the Project Area authorizes and directs the Agency to pay all or part of the value of the acquisition and construction of public improvements; and I WHEREAS, the City Council of the City of Huntington Beach (the "City") desires to construct certain public improve- ments within or adjacent to the Project Site as depicted in the map attached here as Exhibit "A" and incorporated herein by refer- ence (the "Site Map"); and WHEREAS, California Health and Safety Code Section 33445 provides that the Redevelopment Agency may, with the consent of the legislative body, pay all or part of the value of public buildings, facilities, structures, or other improve- ments upon a finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the Project is located and that there is no other reasonable means of financing such public improvements available for the community. NOW, THEREFORE, the Redevelopment Agency of the City of -Huntington Beach does hereby resolve as follows: Section 1: The Agency hereby determines that the construction of the Public Improvements will be of benefit to the Project Area and the surrounding area neighborhood in which the Project is located. Section 2: The Agency further determines that no other reasonable means for financing the construction of the Public Improvements is available except having the Agency pay all or part of the value of such acquisition, clearance, regrading, and construction of the Public Improvements. kWj �Id. PASSED, APPROVED, AND ACOPTED THIS day of , 1984, at a regular meeting of the Redevelopment Agency of the City of Huntington Beach by the following vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Agency Clerk APPROVED AS TO FORM: Agency Couryse p� 1- APPROVED AS TO FORM: Special Agency Counsel APPROVED: Chief Executive Offic r Chairperson INITIALED AND APPROVED: edeve opment Loordinator c /07 FJ WAR NEA AVE ��.....'i '�—_� CA •• t( , ly ; . a ���•{._; `�.Illiilllll�il i�ic�Yl_ ! 1 M M.. 1000 MN b ff I •+ �r I ft I L �— ��.JJr.R/ i+ � •.w �.w N I 77.600 ■ 1. I I 4 ,f.7Ff I i peg t. , w, 1 � s aollv<.ow" u.odo ■ � —y 1 I I � I I.,'i f . .....\ \ la EQn"j Rli Ca L QUE FL&H I.IYIrrI1M. w.w•.. /% . PROJECT SUMMARY /f0 1.0 { 110.000 ■A swig Ifllf■q ►f0 M4 f /{000.f 0fr■.p 000 ��. • •�i-wri. • II ►■ ..00 N0.7 ff 000 ff, {I■uGl�■N 1 f { I MO . J: so0 .1 /O/Aa .,wr■.0 j..�}�.jF / � j '0 ....._ .... II rho h0{ /000 ff ►Np.GlO IU01(c ►.0 f10� { 7,706 •t. ," I...w.r r 1 � Lo CHARTER CENTRE. 5)-rE MAP 2100000 { ' .rl i� � .�•TM � j1� 1 ,� � I . 1 I * ►N 0 --� .i—ry•• •lei / � {.�..-,� �.. , � .l• l � f T .ff ' .J. 1 � I I . w. .N ' I 14v.r u.rr ON I ■"@...Ifs I� . -Yam........_ ,., ,_�,.. .s._ . „_ ; i .••- IL