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Home My WebLink AboutRedondo-Kovacs Partners - 1987-07-20 r ? "t, IR , •.rl r ' , t ,{3��... �t.-: +l .:,�G /4'•::;'. ,tY..kf::.�..'».• .., ..'',J`t .,�... '� .._. �. _. ...:—. ...',�. _.,_7.�i�:.' • •. a, �T'*�fh'�l, t •� IL it REQUEST FGR CITY COUNCIL ACTION ti� I i F BD 93-05 t . Date: March 15, 1993 3- Subn:lticd tir. flonomble M tiers Mayor and Ci.y Lounc 1 Me mbrn'.I red by: Michaci T. Ubetuaga, City Administrator t Prepared by: Barbara A. Kaiser, Deputy City Administrator/Economic Devciopment GUL'NtltLA f, APPtROVSD i�Y OITY Subject: KOVACS CIRCLE CONSTRUCTION FUNDS— - y .. 19.2f RFIBMURaSEMENT 4 ALA=Z Co.stent Frith Council Policy? ( ] Yes ( ] New Policy or Exception �v'tw r Statement of]sue,Raumendation,Analysis, Funding Source, Alte'nwtire Actions, Attachments iti„i w rr i m STOA E ISSUE L ' -,A Council action is required to modify the curre� f rcq y t year budget document to include the '. reimburs:!tnent of funds to the Redondo-Kovacs Partners. •` `;'�'�'y`� i� t� A rove an amendment to the current year budget b appropriating $47 340 for the ' 'P Y B Y � purposes of reimbursing the Redondo-Kovacs Partners fo_the construction of street r improvements in the Talbert-Beach Redevelopment Project area. ,.�! J i+ In 1988 the city collected; in the form of a deposit, $57,340 from the Redondo-Kovacs �r ri Partners as part of the entitlement approvals for the five acne industrial project in the Talbert-Beach Rodevelo j ment Project area. Thic d� i! ., P poi . was to be used as security towards �r. , itj:6. guaranteeing tvh^E , , g g construction of tight-of-way in the Talbert-Beach Redevelopment Project `- i' area. an May 5, 1989, $10,000 of this deposit was used to purchase an easement for the i }•: ,,, right-of-way. The Radondo-Kovacs Partners now wish to construct the strret improvements and be reimbursed remaining unused funds previo:%.tly pla%;W in deposit. However, becausa a V •'I 1 •,��••,I �1dl::;.7,*i{r;fov-(A J ,;W.t i z 'N ;V ,4. y;;,& ?�.: ,e 1 f� •i'•Y •t:' - �,r 1 7. a r _ •S. .. l It �1•�f�� fir'. ' - 'J +' •, 1 I ,, ..h .1, ' 'L�'�!�11� ,tf t'�,;�•� ,� 1 -t , t.r pr air!itl f' J?,J. � a r ,�, c r.yyy�+fie 1 1 '' �� '� , t '� •� .• 1 t pppp • , •`,- � +r,.��, ;•r rr �;! .1 'irk :.w ... .�,�^ +. _� ! : •,�I by 1(1i4ay .�� L. h . AOL • Ni i • i k r p? ♦. • rL� �i -Y• - L r+,iMr• 4 1 '7 , -* - vK.��M1` •r, a Y�I,.••r + ' 'r'•. _, T a sit ►M 1 � ' 4. i � 1. �-- M_ i Y y''T�%� °t'If♦ f :',•� .. 1.! 4 r 1. ;1• �� • '1 as�G ,M,•�}�`• t�f;q� ._ fr L i -, f' •- - fir' K 1a v ' llAL , • 11 '--- � j �•{/ d • • S�'�� i f.yiI;�•' .fir �..-' �; 1. , �. .! .4. � Y-7 '_ _ _l,V (�t` '��. +�',�,"J r1 h�r4. I •1 • Q. •.� 1: •w; {r.(. •;�.� i . 1 � •«� J tt � r .� .'M y; 1 r:•.•11•�• A��-�(�}}}"K ,yT��`}� 1 a ' :'.RF'� jr- �A _Milk.- - t y. • `�, ,+.. ��1 - r . y'q� b� n •fir r•j>.�'�T - '� 1 i n •, a. ♦ . r .. , + ._ - ` •� if a [ _ _/.r_�.. •4 ♦ , f, w ti! 1 � t f ,G 1 v -v. 7jjr IL ift 1 A -w t" � • � II I�fl A ■ �� . �r r Hy I'v 46 y� 1 Iry- all $ *; now �� 'U.�-r,• "Pan, ,,, �. •.� •1 . .tVLM � � r�� `t',.y�t7�'1',1'.�k;N.:�'.{-:} �• AJ 1 mile ., ` F Yi loot 41% r' 1 ® • •�F •S ,r R fit/-I �• l'1 AL Ilk ' y r; F •III , ' 1/,� �'1 1 �, ! f l ' ��. I i r., 9 ,c r • ' l_ .f .1• i ,r � r .. r r ' � r CITY ®1F HUNTllti+rTON BEACH 'r•r�."'" INTER-DEPARTMENT COMMUNICATION I 1"VOGION WACH ,u I T0: MICHAL•L T. UDERUAGA, City Administrator ' � f ;' d FROM: ROBERT J. FRANZ, Deputy City Administrator ,��,444 SUBJECT: REQUESTED APPROPRIATION FOR DEPOSIT RE11:111RSEMENT ON rMSTRUCI'ION RIGHT-OF-MAY, FIS 93-43 i DATE: MARCH 2, 159L �-t y a�llsllY . i 1` <<y As required by Resolution 4832, a Fiscal Impact S+atcment has been prepared for the proposed appropriation of $47,320 to reimburse the Redcndo-Kovar-s Partners '''�►.' for the construction of street improvements 1n the Talbert--Eeach Redevelopmentk'6 ' ' Project Area. Upon approval of the City Council the balance of the undesignated unreserved '. - Talbert-Beach Redevelopment Capital Project Fund would be rat ced to $853,000. .; �. NZ Deputy Cixf Administrator � :• t lri R5F:skd 5 '• i r t!r � ` ,, r, WPADSERT:1304 , '�'y •err;• i^>>; ,• t.•. frs :. VW tj I a, y 7 •+14 Ter! r r • • {�'s�1 5 r 1 } 11 , 1 `r { !!,`.,UE CAIL: 0.1'CIA 1) _ 10/14/87 TIVS CERVICATF IS!STUFU AS r MATTER OF INFOnMATION ONLY A►IU CONFERZ No nIGItTS UPON THE CERTIFICATE HOLDEN lHu CERTIFICATE rOES NOT AMEND, I FY.TEdD On ALTER TNc COVEnAGE AFrOnOF.D nY THE POLICIES DELOw, JAY & RENFRO INSURANCE BROURS ---------•--___—__ --.__-- ----_----- I P.O. BOX 1607 COMPANIES AFFORDING COVERAGE NEWPORT BEACH, CA 92663 COM J' A-Nautilus Insurance Company --- - t1 COLIPANV`LETTErI O Progressive Casualty Company r iNSUHED ---- -----•-- ------___.—� Michael Todd & Richard Bvureston,OBA: COLIPANY Redondo-Kovacs Partners LI*IE4 C A California Limited Partnership 000Pa►,v D 3355 Via Lido, Suite 205 LETIEn Newport Beach, California 92660 COMPANY - LEITER •� TILE;IS TO CERTIFY THAT POLICICS OF INSURANCE LISTED BELOW HAVE BEEN ISSUEOTOTHE INSUnEO NAMED A,IOVE FOR THE POLICY PERIOJINDICATED. F , NOT 1411115TANDING ANY nEGU1REMENT TEnM OR CONDITION OF ANY CON-.IIACT ON OTHER DOCUMENT WIT11 14ESDECT TO WHIJH THIS CERTIFICATE MAY ►�. DE ISSUED OR MAY PERTAIN,THE INSUnA'JCE AFFOnDEa BY THE POLICIES DESCFIIBEn HEkCIN IS SUOJECT TO ALL THE TFAMS,EXCI,USIONS.AND CANDI• ilONS PI ,UCH F'OLI,:IES. M'ar [IIEr 1. 1 — LIABIl1TY LIRIIFS IN T►:OUSANDS ! Lo 1YNE OFiNSURANCE[ ( POLICYI.W.tRER r 1 �'— 'I)' Er 'irI' `TA"0r' � � , 1 I i; I .4S{•,n 1 ur•; . — —_.—�_1..---- —.M._�_.—..--- ---- -- ---------- :,CCu;nik rrf AfiifiEGAT I} y + 1 GENERAL LIIIESILITY err,t• I " COMPHEHE:14 FOR!.1 I I — PHIV ES ri1GrFPEY 11 - U rO'nl RCrJT.O ' A NPLPailh a COLLAPSE HVARD L 200°8 10/9/87 10/9/88 ,'RODUCISCOOPLEIEO OPERATION$ ' NI A ra CO $ 1 000 $1 ,000 i r} CONTRACTUALcGUF1'•.ED • 14DEPE1;0ENT CONTFWCTnRS EI.IAD FORSr PFIJPEn!Y DAJAGE . F , •�+ , T FERSONAL I'+JURf PERSONAL RIJURY $1 ,000 to AUTOMOBILE LIABILITY 1+tti, 1 I' `S NNY AUTQ I n o ,•, r j . ALL EA'iNED t,0T05 I,RV PASS 1 I t, e, ' i` t,1L(WINED AlliO'11'nf[RPl'�51� �5�'Iti r' a ' 11,10 AUTI15 A. PFGPERTv i)AMAGc PD f (,F)iAGE IAQIll1' I 1't) i rlrr �t ' w+ EXCESS LIAUILITY -- -- --- - --- -- -------�----- _,' 1t{ ; F• "ia .lr F �.' !a A f 1111EiRLLIt.h7OA ICOr1ul.�i. S Ij !� 1' 2_.r�000O �$21000 ER LIVIIFFlLA"On'X 01N t EE46A1865_ 0/-9/88-_ : TUIOFY VORKEns,cON°ENS lG1 .r•l,a,T�j�;' .'Ir. II„11/M1`.1�`'S1r,.r TA.1 IiLY�tf';,c ; �EEJU H ACCIIXNTI i 'I AND ' —D A0 $o TG FOfiLI:+ I , '� 7"r — DISEASE:'OLICY EMPLOYERS'LIAVIL1'�`F� I — ---- r, ;r 1►,: 5----- -- - --- -------- i S d)SEI fEA_HE'•'!LDYEE) , ,1r� OTHER TY C4SCRIPTIC' CPFOPERATEONSJL CIAIITEMS Tit r` JCr � Waiver of sunrogation in favor of The City crf huntington Beach applies. Certificate Holder is named as Additional jQjgpd, See reverse for Pririar InsuranceAM City of Huntington Beach, It's Officers SHOULD ANY OF THE ABOVE OmnIBED POLICIES DECANCELlEOOF.FI)RE THE EX- j Em l o gees and A t5 PIRATI58 DATE THEREOF, THE ISSUING COMP1.11Y WILL ENOCAVOR TO P g 8n MA DAYS ITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE I :, 2000 West Main Street LrXTTM Q� WLw ll luya -sa Per.Fia+1361i++ef1 �) F Y!_AIND_UPOr T1tEX1OMPA#44r+ts-ATYPRE Huntington Beach, California 92648 ----- -- - - --- ----------_ ,, AUiNE 1[i'nE •-JT MVP � 41f.r E. . , . e • •• • y�,. 1y ' . - R 1 F3 , 1 tiA�.°I 1 1�:1: '•1. 'r� + _ - '�,A r t .i �I+r[�' r`I x r I' w - ! _ tY• ., •` rl ant , 1 1 1!A �. "i J I, L ' u 7 ,r '� 1' 1 1 1 1 / 1 ��'_�• v n - S I • •r 44 e . Ma 74 -. 'tk `i:' RAC.`',_�:•"_4•'� c (1 4 "' � 'J ;''•j' rh y�r .� aj}74 Hof _'� "• y - ' •At ► .. 7 p�W� Pq14. 41 • �- �� +,�• r gib. � +'.,A :,. to '`,• t - !'� ;A-1 4, w-r ✓ { -:�In�•- _S • 11�r ; 4� J S r�! ;�_ a*'• , r..'•Y ` .. Joy-•I1 1Cr'�'_I:t'r+ ✓p �Z�cti'�`N{i. ;�ti � ,�•t Y:Y �� h _ `.t i. J • �it ti .•_ 7Ni v _ � . .F r` '.ill• ,w' ;• ► 1 r • t(`y` -i. -! •�• �- 1. - Z -r..t"1;vC �,i • � ��r Ilv t Yr. i71✓��" :�•C_ • l• r�,.. '�X }^ 'K1 d4 fit° 't k� :•.. , Ti R _R , • 44 •• - l '� �r�: t�i � Al 4,+►, r,'�If - ' iC,�f,r T 1 .A� •S, i 1 1 '- r it r i•; 1 n ! rM� V,f N r r i aM ar 'tl It a xs[isiAfSK•4L'!!(Jp�:a�r:r,!asJl�r'.t:i'�N •„ixli`.�Siif��'{.1,:1..;�s.i7�QRf'",� r�x":.. . . .._ l f � REQUEST FO�"�REDEVE�OF��V1EtUT ENCY ACTION yb y'f ' �,JvJIROVLD DY CITV r4otNCIL f2ii Rfi-Gi P T$.? r •,,,, [, �[ A, S 1�� October �, 198% � ,' 1 " j f �`; ,1,•rr. (1.>t`�� 'G 1"1*• ..ttJ d U1./,c Submitted Q. Honorable Chairma'I.af d- - f3�E� A tiers< <'�: 1y1r v,.. . , �� awl �r f.f(., �.,;• I� t; t !f 'r Paul E. Cook, Chief Executive Of fiver "� y Submittad by. Douglas N. La Belle, Deputy City Administrator/F.conornic Develupm t Prepared by: , APPROVAL OF CERTIFICATE Oi- COMPLETION; TALPISRT-©EACH t 1 �•t ;gyp Subject: INDUSTRIAL BUILDING ( Consisunt with Council Policy? K Yes IVaw Policy or Exwption Statement of issue, Recammondation. Analysis, Funaing Source,Alternative Actions, Attachrr hats: � STATEME14T OF ISSUE: The Talnert-,Beach industrial bulldins, constructed on land sold by the Redevelopment �� ' • � r;. ;_. Agency is now complete. Pursuant to a Dispositlon and Development Agreement and a 11 request from the developer, attached is a Certificate of Completion. ;- r RECOMMENDATIC;:ai ` ' Approve and authorize the Agency/City Clerk to execute the attached Certificate of t Completion for the Talbert-©etc:h ir:�,strial building (13100 Kovacs; Southwest Quilted , ".,„ Products, Inc.). YTS1r Oyu ! ; yf�'J r`,i ANALYSIS: r i` s 1 Subsequent to a s0iritat;or for proposals, a Disposition and Development Agreement.+, MDA) was approved by the ,agency on July 20, 1987, and the five acre 1. `austrial parcel !n the Talbcrt-Searh Redevelopinent Project Area was sold to Redondo-Kovacs Partners in October, 19N7. The building Is now complete (see Building Division Certificate of Occupancy e y ' . + � t�` � attached). The DnA also requires that a Certificate c.i Completion be issued by the Agency. This Is to be issued on one condition: :'� �• That the developer has deposited with the Agency a '^.tter of credit (or other acceptable: security) for the construction of road improvements not completed as part " of the development. ;Ppctfecally, these are referred to as the "Triangular Parcels" and require th; a-quisitirn of }private (bra ert to connect the street segments cf Redondo � + "., ! ;' _ •�a,,��r tr ��, q q p !� p 1 tl anu Kovacs Streets aiready in placL (see map attached). The developer was able to acquire and complete the street improvements on oac of the X two Triangular Parcels. In regards to the second; 1t has determined to post cash with " the Agency in an amount equal to ISO percent of the anticipated acquisition co:is and xy�' the City Engineer's estimate for the construction of the improvements. This conicrms y ` E to the requirement of the DDA. " ra yf r�>{��.��, / a •` �' Plo/t/W - ''�' ,�, ' `,._' ��4'' % `�s'�'''.�i��f 'IiD.'G,r.:�.•:a' 1;4i,'�I�o�^�toh�altj��,:' �� f, A, . « ? � ,o.tlr� �, �-••.. .1. i 1 4.., .'are v i 1 , 7F' [ � I f l �1 • , r � 1,•IS. 1��r anal , 1 ' ' [ .. . r }►' i1• - ' yl + � r1/. r• 1, r 1• �, f .1,° •9a{�, 1' ` 1 "v' ' "• • � f"'t ... Ct\.S►14•,'�' 1 1 j r,� v" '��1(1F��l.v,p �'h.� L !/frl S l + "/1r7 }r•y A. �ry ` Ana;, ?I� �,;1 't` ;'� r • . .• ., - " ,;, 7 �� r r�"rh^1�,! 1 J'l . '. ,r.r•{ �: �.• r��,1�'�� 'r,1 �, r. _ , r ,_� 1: ,MTf� ,, � � ••I tfl�wi 6 1 • • J ' � y • r � - - � � ♦ , -.• � 1�'"• ! ;• �� Y_ •s i } r 1 '•fir � A ( • ', l I J ` { r . • 9 At 4i.• • `4 �•t l M 1 • , may, •,, ,�, .-,�, ,,.r= ' .', ' .x._ '7•� ' �. ._ 7z 7 aob«�J - 01 JL jo Ift fQ ti v, M .� •/ 1 _ U.i.i_..•rtA r �w r i1 • • • _ Y •••7777 . 3 y.E1' x ` ,�01 �rl-- F• r • Iq.i�•Lt1 r- �! I`- i Fb::"RZ .%t� • ' U yT�• Il � ks.r. r4 :;fit-.. ' � `��;•' ' - 1 • • 'Yeti j ' Y:t (�. , • vi 11, ! -�X - '••.Y I, {t, r'. _ •1�.. . R. - ♦ '.1.; J„'1.. i 1 ' •'�- •_< • ,` 1 •` l'+..r,.r,..<:,Y` it'': ,~ljy* ri.� ,�`r_C �y V., • 1. .. ;_ -{. 1p MAL • y1 rtt1 1 • F<, i.•'� -Y' y! -T,-' ��r� . t. � { F: 4 �- 7.�- p�x-,_.'+•I 1i� Ir r�si-3'- w��'_p �� 1 1• • Y N' so ,. .. I� , ! r . r! ♦, A . ,� t� - '� •• - •, kR:S♦ •f `, , i i �5.♦•`! Js _ 100ok ;.y 1 • • t• r 10. IL 1 ' 1 • 'r • t i . • JI .S�V-1 1 Y 1 , ',,r , •:III ,,, ' • i iy •s- `l •.M r�.� '� - ter:, �, •A . A f . WN, , • ,l ,.�a 1r�+� .� 'l i •� ,{ ` . .. ?: d � .41 • I ;t�'�� ' �� _ -. 'ti : •4� tip•, - - �� . J r_, + /. . t �' �•�}F�,l�t� -�' ! k,� SJ` �� ^!11, ,.\�J{ ••�It' �,`� ' �:. r t�- `, { _ '/ - +Tyr/ ,. a • 1[ .. IL I{i � +! t - Ill Willi r.rr_ r lob j • ti • • 1 ' - • • L • • • S • 1 1. ro VdR '� t its , YA _ •J• k 111 4 AV rr � • q r ,� - - ,-.. . .iWe ,, .1♦ t t-._ I r _, ,••fir .#l�lr��,. r. r, ��, - -; , � - , . �` , '' �,� '� ,•�'�`�� ,n' �i; I_�;r . .mod .. .l I!yr ti�� r�4!. r.1.` f �y]I r i � y�� - r1 S• ' "'.f .,'�..`t.M� „Yt'l,y,s •fl-°� 1^ _\�h+•r�'�`;•~ r��' ��~I. ��:-f! 1•,-.. _ { +aR �.to • 1 , , 0 i, „ If►l�' ::;.nfJ�ittxi•:3E' ,it;:. '" ::vt' , :'.::r . . , r »�1: .,.'t �.._3':_Y �sl•" , t.�,.': :ry- lLi:� }SAAa+e r APPLit' ATION FOR CERTIFICATE OF CCU ':aNCY CITY OF HUNTINCTON BEACH I rEPARTMENT OF DEVELOPMENT SERVICES t IQNTN.11CA M.UN IPRINT OR TYPE ONLY) .:. 1 i/l43 ' AddretE Dialf Business Namas�=r-�.c'1�GL��1 l�T .t Tete�¢ _1� �, Business Type Occ. Group y. BUILDING 0rNNER JSINESS OWNER MANAGER ' 1; �//yJ t r, Name A7GJi�� _ r`� �>e__ NameV�J,'E J- >z ••► Horne Q6 jS, J Address '9 Address�� r ^� lG� �_ +�/)f, r, 49 i t / �/.� )may w +yti ! C y� u w Tel '1�d 11y L_. -!1d -}iome Tel-w THIS USE WOULD ICE DESCRIBED AS: NEWLY CONSTRUCTED BLDG. ❑ CHANGE OF ONNER ❑ CHANGE OF OCCUPANT - ' ❑ EXISTING GUILPING ❑ CHANGE OF USE AN.)ITION,AL OCCUPANTQl t'r �� v '• Indicate former use, if any Occupancy Gr.� SQUARE FT. OF�BUILOIN.3 TO BEE OCCCUPIEDL4�� '� - NOTICE: 1 Occupanry of any building is prohibited and a business license N ill not be issued until it's bu!ldirg has ,t ` been inspected and a certificate of occupancy is issued. sr y ,; �• �'. 2. No olectricel service will be raleased for any exir.Ii?g bu;ldir.g until the service teas been inspr:r:led and *j certified safe. All aaplicants for occupancy in art exiatinq building are required to schedule art electrical s ,'•,, «' �� , , s �.. r; ,; , �ti • � '(use up' inspectio++ in the Department of Development Services at the tlms' this application is filed. .� , hrs y4y� , , : '; +. ,n ' I 3, Change of occu hnc or use inspection Iev.Whenever it is necessary to mak? inspection of a built 1,17 P Y N y 9 3i` or premises In order to determine if a change may be mane in the character of occupancy or use of thr ' building or premise3 which would place the building in a different division of the sarri2 group of occupancy or in a different group of occupancy, a change cf occupancy inspection let, of S shall he paid to the city. f Y� 4. Huntington Beach Fire Code Suction 10.208 requires that building numbers must be a minimum of four d1 inch in h with + +' }r +,, ,• ', � ( es eight w t one half( /�)inch stroke,anc of a contrasting color born the background. These I f '•rt` numbers must be rostut on your building in a location that is visib:a from the street. • "' ,�' ; �t Huntington Beach Fire Code Seet1.on .J 10.301 requires fire extinguisher selection and distribution per , . Me National Firg Protection Association pamphlet 10(see r":verse sice). } } �ti' �, ' iY t�tr� / U4� � JA 14�1, rrtr f;��, �• ` ►� (FOR OFFICE USE ONLY) ,r yy� �Q--� «fir 5< SUPPLEMENTAL INFORMA N 20NING_L!1� Li�:_ , OCCUPANCY GROUP FLAN CHUCK NO, N0. PARKING SPACES + i r 1•' 'OCCUPANT LO _ PERMIT NO, HEALTH DEPT.nFP 3C:rIl., �`�t•`'t ,� , - att� j' NO.OF ADMIN. ACTIOtJ UTILITIES RELEASED } � iy�r ' _ ~ - + CERTIFICATE OF OCCUPANCY FEE APPROVE BY DATE CHANGE OF USE OH OCCUPANCY FEE TOTAL S Y aq J„ r, „4 ,, T5039Fry DEVELOPMENT SERVICES .� ' �►. `j:ll I� t t• I.VM.fI'M�+mow wwrrr+.r•v w.�•iwJ4•+�v.r,r. r_.. r,.-.•,t .•. •./n+nrn rMA K7fq� + A(' r .r �:��y ' i � •t I r _ ��'+ -,� t4 J J I��f � � .tire t�t�l} L/+;{r,r , i� ,r ' i r J Nr•� Qr')�yl' txtl 14 1� i ''J -r �[Ji ��'�rµ� �, ' '' rl � �• 1 ,' � ` '•' � ��''' �T Jr,'�►.)lr' Y , •�.' ,-• + �r•r'-: .'J t ,1� (� 1��f'� •` J� /_r _� � +� y n•M• .t ..� -.�._:_• r..--r-. _♦, _1.� _ / • -.�y^+^••`... .><. •._�-R` ,.�}., y `* n t • 19 '•1 1 . r � t IL At I�t It t �c • • J'y- fir- r �;k4d y:�:7Mn - _ �y1 .tI' al El 1 i• �. 4 .{ 't- fr - • , F. '•�• '�' • • • • • • •.fir � �{�;�il.."` 'h`'J�,_ •Y ' f . `, ��n ,�i t�'ty 1� • / �,,.i M f t>- t:o�7711 fif•>1� `1 •,• • � 1 }_r i ry i'? • .-..• *• '• +) \( lT v y -�. /t r +� •/i ram" OF IrO • t • _ • , ''�,� 4 t � „�t��f l.y•(i t\ r•• ,�� } - 1 �♦- �y � � e' .- . . -4f_\r _ .`• �., - . �� ,• 1 ..i' 1. L* - _ , •1- t'y � tit f. t a ..1 .' �'* •. Y r ,I 4 -✓ ► {rs t rl ;;l•v/ �t;. : ! it��r `J'j r ��. •..t �Si •� /: •, 4.} \ s• mu - - . 1 ti I. r I� Al Ai ,1.f k ' ,� 1.•Y .471'. .'1', Y.Jt� �'L" ' !1 rr t ' � ,��t � .. 1' t If _ c ` AT7%CNb1EIlT iJp, � .. , I,� Records n9 Reriups ,d t( by: 1 r When Recorded Return Mail Tax Stat rO pnd t/: f Redojjd0 ements to: 'Kovacs , 3355 Vie F arthers Newport 8,,ach , suite 205 CA 92663 t. OF REAL PROPER ` I CA T E �k �ERTTF PROPERTY' COVEZIAN OF rOtiP b CONIgTRUCT L �1? rt 1,,�` "►�;� ; I -- It)N FO�t AND DEVELOPMENT recorded ' by Grant x. ', ��1�",�t.t4� ,t•r. records E October Deed daL•Es� Se e 9 r r —L 187 N -�'mbe IO + err 'u bu jiForni.a, thA Hu our,ty Recorder o. A7..5gg855 og ►987 and Y, cos ting':aiZ f Of �'- - the off.i •�- ,.4 ., Redondo—.. Poratf• and 8eac.a Redevelo ,.ounty °- Oran, dl x; ovacs Party Politic , Pnent' A ge, ~' •v` r �� elopex" . Pr,,, a genc c• Agency, c7 hunt � , �.er.(,ai CaI.fForn�e y ranee ptrhiic 9ton Seach n real pro o limited Yed toy hereto and r California prop situ,lt Par!-n1x�c mane a part hereof; described on ed in the nipf,, " . WNEP.r o>:; and Exhibit Ill J, ;i Y of PAS r� hed W1 . ! rl{ �► 1, ti 1 ' comnj sh the aev@1oeCenced !n Said �tAC a Al, , , completion i on of pe: with Grant peed �s ; I L } 1 shall cons truc,. a the Ager,c • ' '9; ill, Certificate } wall Recordere'si0ffi cP forin a, tond aevelo �OE hCcraPlet uAon ylw �;! ^, Pmen t ion } of Orange Cot,nty; a it t0 be h certi y fak '•�t "HEREAS, such and reco►'d4,d in tt I f satin cer:ific, a :equirA faJeterY eofi ate sha.il bA rha pletion a �anc),ua ,� r,, M,'�� ; • ` - . � WNER ` Grant Hess; end the Constxliction and etorminition ? -'° ' �' y"'' •'t' �r>~ `< r f a cOOskruc�ion the Agency has cnn developmPnh, .. .r Propert and deve elusive ,,, cKi #,, ` ;, romplete ,requa red b Iopment on lY do termined rr �r � } t�,r1.4•;t and Y the Grant bed eet lie above des that the k h WHEREAS p d has :iUer satisfac oreal M."It t cont aragra rill• �'Pins Ph Gop } i '�: tl r 1..•; eVAnt of conlitio,, the aforei < subseMentione 3 a 1.; conveyance Olation of the 9uent prove Grant r, li Com and prior Provisions ding for revestin Deed Flet ott ion: to rccordat+anet thea t in said 9 in afterCertit'icate of �` I 1 l I ! }• yrYk`'vr t' A t k i',i tf.' ..{ . i'-• !C i r/ ./'. '��"},�p� � _�l chmc..nt No. 6 1 Page I Of 2 ! w�! ♦1�� I-� ""' /�•1 r.• 1i1{ �•`fit f J� f o✓rLTJ r 7N . ' „ 1 !1',ar}rl►�rA"'.'^.�wr+..�....... , ,` r• /} .fir4:' .-Aide ., / 1/ ,hJ. I,IrI I`'`, N ', .`•+..i�rcw` V,MA� •t'r�E wl} .(�, , r � r l J �., t .,:( �•1':r �♦ r•��1f1 $�Ji; � S Y�l��t!, �; . �� I / 1' e {furl-J1'r�,� ♦r�l �' 1 4f Y ,, f 1r •`:� ! 1 � • , Lam'-jai ,1t SI AI rR! r�': 1 ' � � tt. - A - - t , }r ,�4 •,i ! +L fir. �� e tip' �ti ��f� Ir '( r i►•, i :�'f7 r, Iha;' uiS , r t. ti r iY' 4.; ',r'►ti`t. I S-1 i ''l,,j ' y r e ♦r / I,�l•.J, �4 •i SN►, i•' t' ' ;�E}• �,' ' '- i�, l tY X� 1 �_ I 1 C1/ tT. rG r,(�'!jt 4k i'I' r•� ti ,•f.. �'f .II : I t 1 14' 1 �., ,'' .. }. •,• ,..! � � Yti y r 4{I ��! r I?jd{•'� '��' }� !•�• r�l�.� rI a 1, iw ; tr(y, t`. •1„ { 4, ', ,,I� `l'iljj�•E�IiL('L�'r��`� L�' �, I 1} �}1��, ,• f r '1 f tt� � I.1 1�titrt r.'1 I r t II d' .h' l'S r � k * W rr� r r Y ' vA it I'. r NOW THf'REFOWC, t:hr: hycncy hereby fir do and determiner as f G 11 o%0' z �: �%' n,• P ,, Ac- provided in said Grard Deed, the Agency does hereby i ceccif1, that the ernstruction and c:evelopment bar; peen filly � and ;;ati s[actori ly performed and couq leted . ! 2. The condition subsequent contained in Paraci_apn G of the Grant Deed has b,_er: fully and sat:isfar-torily pertformed and � is of no further force or effect: by reason 1:h(-reef , , , i 3 . Nothing contained in thin instrument :;hall wwlily in i = any other way any other provisions of saki Derd , , ZN WITNESS WHEUOF, the Acy c:y ha:, 'XL'CuLer: t',Iis 4 (.erti,ficate t:hi ce' da of /1/"0. i9ElWig , t -, , ffUNT i NGTON 13F 'li It r;VELOPM OT 1►GFNCY Hy + + Chairman ' A'rrE ST: ' ''.or,rr tJ •fry'++� t_,.. �' '?�.! , 1 1 v{• u, t i fiji r � ,� ' � • r� ,� �rra•Attachment No. Page 2 of 2 Z " '' +IB.'t�^il/ r''�F -•:' ,..., ., -. .,,.. ,......... ., .....» . .{ -rr''..fP ••:Ii`�,n,%%{, a �r y��ti4 +h+ .,.,"..._..,.--•—... r .,�,,J.;,,.j, .,,,. .._.. �rna< . .. ...�.... .--.. �.,. 1 /�C lea ! •+1 t '' ` r"S 4. 1• � I i r F--3^883� -, Ibr,) IJ JIxHWr.'[ p.b nl',7 Or Pi.2. r 02 03 e rTITLE CO 7'w' Rucording requosto(f and ►otum to: &Kv,,dtd 21 tlw request of ►=asell M. E tdy. Jr., Esq. O.Ug6E CcAsr 7111.E CD. Joras fall Hill P. Whim. g:00 AN ! 61987 ` A Profess,onal Law Corpora'ion .� �FA. Q .— Or,alu tr�caar Four Embarcadoro Cortex, Suite 1950 �wc, rn.'urco�Mr c1�ro�e. Sar Francisco, Colitorni., 94111 ��Q �j c C'`s�•�•,�.�FIRST AMENDMENT TO PEGULATORY AGREEMENT }I II� AND GECLAAATVr N OF RESTRICT WE COVENANIS 1 • � Ely and Among r ��s�.,,i•, It• 1 ;,,.�11� ti � 6�i CIT Y OF HUNT I;NIGTOM BEACH t. And d , y WARNER PARTNERSHIP I, -7-„ A CALIFORNIA LIMITED PARTNERSHIP rrV And t r. FIRST INTERSTATE BANK OF CALIFORNIA, AS T:9US-1 cE l I ' tl I�R�IR'I�rl'i'ryl I �J'I• � I N•�f Dated as of January 1, 1987 Ralating to: I 98116500 ' CITY irc I.UNTINGTON BEACH MULTIFAMILY HOUSING REVENUE BONDS (WARNER AVENUE APARTMENTS PROJECT) ta85 SERIES C i I Y J 1 ow � � � F�,p'-.� 'y. ..•••. � ,! 1�I1'iINGr'ti .. ,I � A1� 7;�.� �.. •��1 •�r ''m• •1. J .f� � ��;c'�ij'°huh+ ° I !'' r:� � •�. 1+6' I Lys J•� �� ,J J r. .� "°lr�r� A'1�� .., -1•�l I� +�i TI f� �i r I FJ ry•i.'i�}F I 4S /of J 1j tr w} y T M�11q�+`�ti�r:r a,• o- T, flit+• Fr Y'1 , • . ' �', li . 1 V , Yr •y r "' Ir : ' C � ' }11t .. J,N�I:�"R •Cr:. ' '`�p\'I, t� FIRST AMENDMENT O P OULATQRY A'-'REEMF_NT + AUD ► hCLAAATION OF RESTRIC`1YE COVFNANTS r , This FIRST AMENDMENT TO RF.GULATCRY r,U'REEMENT AND DECLARATION OF ( �; RESTRICTIVE COVENANTS (as from xna to time arriend4d by any amendment entared into pursuant ' to the provisions hereof, this "First Amendment"). dated as of January 1, 1907, among the City of Hunting�7n Beach. a municipal corporation and charter city duly organized and existing un,'er the laws of the , tata of -alifornia (together with any successor to its rights and ;, )tigations heroundor, tho "Issuer"i, Warner Partrn3rship I, A California Limited Partnership (the "Developer"), and 'first Inlerslate Bank of California, as trustoo ithe "Trustee"), WITNESSETH THAT: WHEREAS, the Issuer has hereloloro issued. sold aria delivered :ts Multifamily Housing Revanue ( Bonds (Warner Avenue Apartmunls Project), 1985 Series C (the) "Bonds".) in the ar,rregale principal amcunt of SO,165,0'19 pursuant to an Indenture of Trust, dated as of October 1, 19A5 (the "Indentuure"), by and betweon the Issuer and the i rustee; and 4' A! J ' 6' WHEREAS, in connection with the Bonds, the Issuer, the TrUAoe and the Daveluper entared into a i.' Regulatory Agreement and Declaration of Restrictive Covenants, dated as of October 1 , 1985 and ��+, w4y 4' `' a " recorded in Officiai Records of Orange County, California, on October 25, 1905. as ;nstiumirr., number , ?'��i®r r 1} 05.411931 (the "Regulatory Agreement"); and WHEREAS, Section 11.01 of the Indenture and Section 13 of the Regulatory Agreement permit the � ti amendment of the Y 9 1 Regulatory Agreement, without the consent of the owners of tho 5onds, but subject g to the prior consent of the Trustee, the Credit In;!ilution (as such term is defined in ilia Indenture) and ' Ino Bond Insurer (as such terin is defined in the Indenture); and WHEREAS, the Issuer has been provided with an cpinion of Bond Counsa! (as such term is " ry�� " t•i doCned in the Indoniure) that this First A., endmont is authorized by the terms of the odentura and the rr. , Regulatory Ag;oemenl: ,� ''• ', ;' ZA ' t NOW, THEREFORE, this Hirst Amendment witnesseth that the Issuer, the Trustee and the ; ,' ° ?yy',.'�' ' ( Developer hereby agree and covenant as follows: ;4{' r I Section 1. DEFINITIONS. Except ao modified hereby, all terms used in this First Amendment which are defined in tht+ Regulatory Agreement are used heroin as so defined. I Section 2. MODIFICATIONS. Section 4 d of the Regulatory Agreement is herebymodified to O� �^ � }, read in full as follows: t 1` pl •1\ 1 11 (d) tho Comp;tny will obtain and maintain an file applications, and written third party or other appropriate verification:• of source and amount of income and similar evidence of tenant '��"R z r qualification, as wall as evidence of any corrb-..ire action requested of any tenant, for inspection of the Issuer, the Mortgage Lender or the Trustee, upon reasonable notice and at re ::;onable times". r r J ti Section 3. APPUCABILITY OF REMAINING PROVISIONS. Excep! as expressly modified by the provisions of Section 2 of this First Amendment, the provisions of the Regulatory Agreement shall � ^ ar remain in full force and effect. Without limitation upon tt\e foregoing, the provisions of Sect:ons 11, 12, , !3. 14. 1 F 16 and 17 of the fegulalmy Agreement shall apply to this First Amendment and are hereby +' incorpc•.• td herein w though set forth in full, and all references in the Regulatory Agreement to the r I Regulatory Agreement shalt be detrmod to bo references to the Regulatory Agreemont as modified by this First Amendment. yy t'' ! s lip, ',t r; , ''+,4�}r Jik P1" , , - yar......_._.�...�..�__._....._..__....__.� .... ..... «_-...r_.a...,.......... ._...�..,,_. ...... �... ,.. . ,...�.« ........ .. v'7 r;' -,1—vi�J'd�{•t� , , A t ,`' hie,' "�T�7!•' n r d•1 J r M1. rk y rr, r %!I rs 1 N r L Yr vJ• 1� � w. �I i'' i RI y u�,, , 1 l F .! rt �k� W�l A.wro�..-, - i' , ., ... �.fr��l.• 'urt,R ugdh7.S�J1iR 7 338835R., i 7 IN WITNESS WHEREOF, IN, Issuer has causud those presents to be exaculod in its nama and kl F behalf by its City Administrator, the Developer has caused those presents to be executed in Its name 1 and behalf by its Managing General Partner, and the Trustee has caused those prosents to he executed in Its name and behalf by its ast;istant vice prosident, all as of January 1, 1987, �'' " `•� CITY OF HU lG'ft1N AEACN City Adrnlnis tr or ,} WARNER PARTNERSHIP I, ' w" A OAUI ORNIA LIMITED PARTNERSHIP By Lincoln Property Company No. 1225, A Callfornla Limilor; Partnership , ,�. By: A Managing Ccneral Partner FIRST INTERSTATE CLANK OF CALIF• .NIA, "4' r+� as Trustee I y 1 . Al sisrant Vice President " APPROVED AND ACCEPTED by MERC:ANTIL~ CAPITAL CORPORATION " 1 President APPROVED AND ACCEPTED by 1 MERCANTILE CAPITAL ti FINANCE CORPORATION NO. 19 President !, + ' "'' t, APPROVED ,AND ACCEPTED by ' 1" N ., i;" ` ► r UNITED STATUS FIDELITY V50 �w A140 GUARANTY COMPANY zvl By: �y W J 11. • I YI 1 N' •' • �n Title: cr; -vim 1 M �1 1' JJJJf c rAYM11a,.r'sit..,arrrno....,.....r..;....,.,•,..._......_.._....�........-......._.. _ ....,. c•,.,._.,,.;��aai2`^-""J' �''. ! 1 , S {r•,,�L�x� V R r It (. . . i - / _ i 111 'i. �'�,�4�S j '�. ' 1 1 rig r y r a •�r' J ,YI•S' l .} �,r, I��Yrl�rlry j'Ri7[�'A, r ' h' t ! t ` C ti�'A+�'1' , }�) �- r +'AY 4,U, � ' A'N•�'' y� r�$',4 .�a I� ��t'j l y�!` rl t J '•� 1 r ir4r M , 11 a - , 17 • v , r st -„�►•'�`'�'`' .q. ,. 1, : ��# ,. �a .A -t '�>� ,• ,:. . J r r .- /J1-:-1:��i 1. �•t '✓ �. •1 1 1 • { +` • r • tP Y�': ,�.,', Its'' t b - �• �`M• +y.`p�• a (- r C7. krw,. it .•+ � I i yM�■ -I �t . , -',.'�-. i MUM IA • r :1 . • 1 r • r � �, �,. "yK t , r, � A•wn+t• r[N'Y�•� � - _. •, � �,r!lxJlLY,plN�6 �•r �` M+ `. `',t,,�Z y�r - U �. •r�^ ... �- ..I • ' y1�� ,tF}1�TI�"�T t `. ' . �t�1� ;,• •�+� •D• .. ° ''�ty +.: �-� ' ail�'' '� 1 .•�iyL',MyI `.,, •4 ., Y�' ! 's�r,hW •� r t�fi~. .,1/'�,'^: t , ,_� \ •►SAY -`♦, +. ��: ;,t w ,.0 .- • i _ , r /may -_� IL [ _ ' r ''y E _ (` ,'�•�,�-.l-,- C'ti'' 7�i�:,y.. , ��' t� _ r - �.. - �v'. r1 1' .•�':1. ' ,� -j •A .�: - y�♦, ,� r �' It '��'7'�1+�rw- � >'b/s �--Ill• ` r+ r.,4• v � 2 r •{-bid ,� � � � a t , � • � f,1 y f Jr,1 t4L .,. r, jL _ v . ,.. do ' 1 � Y '�p I11 "�d + A .r� "'r•.i _. , '� 1, _ -.. .. r. .�5 .... .. .. ..-„ . _ . V {{ s State of Calrforrrla r ) `J County of On tr,� Lam', e� day rlthe year 1987. to:oro me A' a notary public, crsnnauy appeared ��_�/_1��1•+��1.� ''__. Y � arso ally ►Lno�wn to me (or proved to me on the basis of salislactory evidence) to to one of the y parinars o! Lincoln Property Company No. 1225. a partnership, said partner,'tip being kno'vn to nle (or prov:+d to mo on the hrasis of satisfactory evidence) to be oon of the partners of Warner Partnorship I. the partnnish,p that executed this +nstrumont and acknoMedged to me that they oYacutsd the same as I partners of the partnership first ebove n: :red. that saia partnership e3xeuute'td the same as a partner of I h pa e p p J Warow Partnership I, and that said last named partnership executed tha same. A. If If (signaturoi `' 1'�~r•.'' `v4� rr-»mot SEAL __ '` tC t','' ,� :OODRr Kt911C-WAuinl r' MICE COM (Typed Name) y 1tyCto w Was Na.23.11 9 Nomry Public for the State of California 1 �.I�ti.. M.MY �'r Vf.Vl4irJb�.+...1 • 11 A Y 1•y My commission expires: 4�5x .l, y Y i N e M 1 ✓I -fit' 1Mp z r Pp V .y I1i.' rr rl04 11 r t A' �l. C�,1,� �R � .� .—,.�..,...�...r..........,,...r «... .—..,.. ..-- � ''1 .�I: Y.:. •,� .. '!- T ��'�i "�,,, ,fry. f`>r Y,�.�� , . 1:r t wrm•w.+rusra..�nrr...w■..«....�. S'4', a�9b'!ki>��. J �• rat,� - ;• .,� �{," ' ��irll�, Ifs' 1... r .. . :•1 ,r ' i�� Wd;/�a,k � i5'* 1 S114y ,l Nw.. 4 I t n , r.r J8835 ' State of California ► � SS County o} 1�!_..t� cL�!^ Apt On furs _ clay ul in the year 19A7, before me, �� 141 k 11.>KfL'rtfi ! 2v, a notary publi personally appeared (' personally l.nm► i to me for proven to me on the basis of satrsfacrury, evidonco) to be the person who executed this iltwur-nent as Assistant Vice Presider( on behalf of First Interstate Bank of California and acknowledged to me that First Interstate Hank of Ca'•'omia executed the within iost►umcnt pursuant to its by-laws or a resolution of its board of directors I C. s (signature) (. I -�MF�7T ��n�1�Y��4�-,►��N��H ��pp nno�r�• � �� ( .., r !y� grFIC(AISEAL • ,1, .,�+ h';' Ma, ROSE C. FACI;I_.AM (Typod N3me) �� Notary PuD4�, (:er•lOrnra mnc,rW office in Notary Public for the Sate of California LM AI1g,4Pt Counir i I,ry C�mrn. E�p . y 7. 1987It 6 4- +' "♦ r„•sr'P �1 r � t' My con,mission rxpires: .n• ' 1 I,"W� ,' ly , •y, A. Ili i 7 � 4, y �, •5- j 5 1 F d 4 4 1 r ,s 1 vi tAl 1 r , y Via'' 4 �4t+�, ��h► kc,4 aJ? 1 4'; �� Ill. - 1•. `-4 '.,;((„t: ,,, .•,;rJ�;- ` , S� r;u I 1 ' Z , Y��R.�''•1�,t�l' 1 1 I State of Cahtornia ) SS COL11y Of �! On this /-V, cliq of `F 2 ,1K in the year 1 F-87, before me. �[ff�E" .SAr:.��_• a notary p;,Ulic, personally appeared -hV;6! �� C -C " personally known to me (e► pm,deu to me on the basis of satisfactory evidence) to be tho person who OX toted this .instrument as President on behalf of hlercanh!e Capital Corparation and scknowled]ed to me that Mercanhlo C;tpital Corporation exocu!ied tho w:thrn instrument pursuant to its by•Ianrs or a resolution of :Is board of director;. tt'.' r a . `t if a �{4xta Ru 'fm4➢wd (Typod Name) \M �'• Notary Public for the State of Ca iforn:a4 � j My commission expire.: `"` 17 GOVER,',1k" ' tax`E 27361.7 I 1 Emilirf Umm nm Pmr.,aY or Fui.7l;SRy THAT 7w NATuly sEn" cN THE 1:bC'r•3l~�3n 7'O MUCH 7-11S SI'CE1-i1TTP M ATrr 1 M, MDS AS FX)U f eS:IAME Cr A ME L%�-j-A A I.-- L LIAM•' C"aSSIO'4 D(PIRES99-7 t1?Dnv. till BLM IS FIIED AI F ,&a C 1 5 C V FL'1CC CIF i ZCA1 Ivr /�1 '� /� MIT: �• � /_ 1 �C l t ` t" r� r' 1! CRUM MUST Triaz MTxDON BOYNTOR r ,��,�{ti.� � ) « �r ,�+'•d�y�N9' ICI ;; �i.',' ,E r, ' � w'r•taw �h' ., ai )� •� �-sty' ' 1 � 1 k�i,ir'''li;; ,.. 'fg• .,.tb, ':},F a '•hV'i' � , I{Vl1 � • i• {, I {J: n -t ,�,�ilr. � .I rh._l_V�'M`t.Y..w.r 't• .+1. '."t II� �♦, ` ' � •r •'•^ ` ti1 �' ,P � � ,.. - �$Ml.'J ..,.,...,..• .�..�..... .....-.........:........ n,-...... ..•._.. .... t , ._.. .. ...,- . ... n ,. "Y�':•T:. 1'w Mai►'" •I ,I'' (f f;: V'. � '�'' �1 a4 .�• Ali ti S I Z' y 1 oN' P •7 � t 1 r i " "ate. is .�-338835 State of California ) SS County cl �llita�1 �?.--) ` On this day of a&? tL2C-Y- in the yoar 1987 bafom me. ; a notary public. p2isona,i;' appeared 'T IJU?t I;.7-FC personally kno%sn to me (or proven :o Ine on the basis cf satisfactory evidence) to ba the person who ' ! exaculod this instrument as President cn behalf of Mercantile Capital Finance Corporation No 19 and acknowledged to me ilia, Mercantde Capital Finance 0orm2iion No. 19 oxecwcd the within inslrument pursuant to its by-law; or a resolution of its board of directors. fn W: UaML (Typed game) 1 �r �q'!t'�i'.!f3!~-CM-ell �C'!`�� Notary Puhlic for (h, Swe of Ca'Ifornia �~ � M.if t�lii{�F t��i�li�i>rY r ��(h ' •,l �''�.f,. . �Y�.:Y { fv Um� xx Am 3,C-7-1 �l r g My commission exuires: ` 1 r Jill r`04j' + �f•_, J �1 Jti e t3CJUEflfMIIVr CODE 27361..7 .'�,,, ',', 1� C�', f I CE�I'M 11.NDFR 711E I'ENM Y OF PERJLM THAT THE rATAFcY SML ON THE t70aDEW, TO a E' WEIL31 'PHIS SMrM ,.T 1S ATTAL-tTM READS f'LS =- OWS: li. t X ^ �1 �I �.•.-err � '�J '4 V�, I't(�� 1 ' COLT Y WiM3 BM) IS FIILD 1+ 1 Tjy a4i' �fSf! ' s PI= OF ICx J CA Lli7E ' i a 4 IiJ1UE Lsr 4 Q t]]e Trcr,E CCUIPA101DON 6OY?NTOE! 1 � A; ,fit•A.� •7•..°,1 ;ri !,I!.��{ti' Fk ,7. r` Y i f( � ,7 '�1•. ' '" -_ .�... ..�..._ •.�v..:.. rr � Y�• �? ,` I�F II t r•!I �t� +. ti�" ��` /. f �t,�a+w,�t�crhn..-:.. . .• .. .., .._........ ._._. .,.. ... .._....__.. ._. .. ..., _. ,..... .�...r.,. ...,. - a✓ �'��,a�a4�i�k5'. I` � 1 a }Sr, A f 1, 1r y� � 1 r''� Y� �1 •rA� FY .jlyy�,1. Tot Ov • ' J•J ` h .r'• 1 4` r J - '1 * • 1. a. Jfr • l� •,I-r.f• -. L t IM •,` .. y /' •'� 14 1 � 1 -- f ' I/ 1, \ Y ►r f } IL t • -`pit+ 1r�'.S. �+�• ' . - 1 t • t• • L • It • • t • •t t / • •ir' •- 1'•r .. '• / • / • • I • . • 1 x • c � � � d;1. . "i �• t 1 . Y r • 0� g Ilk .•• -' � M'�l ate,, • � _ .., `" �':•` S �tG`� .' - 1 ,y.,G•C ��P Jul = - l�t; r!' �v,�,.;.'t f(ci�� • K, t � 3 .: .�' � •:. ;{,�r f �� k��ki+ �t`\`1 coo , ��. � '� ' ''; tl �7 � f i -t-•°?�.• ?�� il.. _ 1 � 1 1..• r Y 'LL f 1, Y . h •'��-•- • 1 • • 1 • ri i i • 1 t t '-� 1 _ 1. ``��• ':'+)� ('•n _ ''•{•.' :: 1 i • • i 1• • 1 • • 1 •':fit� {.��. -••4 r:r 1 •'•J --11 Air— or 49 e•.•. ` to tom, '•-� -. .,1'- ".. r'it �. 1.•.14 y �,$, . '. �^J A 4t••�[., Ir 1. _ J� {'*� 1' t. • ;. • � _'. ,t r.i Y ,� 1�•. ay�q 1 t 1 -, _ � V •� - '`/•_. .. ` . 7M1 f+ ,� �, ,•.� �� _♦: 1. -w. +- . � 1 .f ♦0"w + I. 1 " I 1 Recording Requested by: � i ";lien Recoraed Return to and Mti.tl TilY 5t:atementc to: ! Iedondo-Kovacs Partners r 3355 Via Lido, Suite 205 � Newport Beach, CA 92663 '___COVEMMULA"_ e DF:VFi,QPI!1I?_j WHEREAS, by Grant Deed dated $jjPte }�i�r1.1L1.�17 .1nil � recorded ozi Qr _1_2_QZ as A . Q7_= of the official records of the County Recorder of the County of Oran9cs, California, the Huntington Beach Redevelopment Agency, a public body. corporate and politic ("Agency") conveyad to t� Redondo-Kovacs Partners, a California limited partaervhip ` , certain real ' �t• ("Developer" ) property situated in the City of Huntington Beach, California, described on Exhibit "1" ` attached hereto and made a pert hererif ; and i, wvnEP,EAS, as referenced in said Grant Deed, the Agency shall fu::nish the DEv-leper wit',, a Certificate of Completion upon complation of construction and development , which certificate shall be in such fo,:m as to permit it to be recorded in the Recorder 's Office of Orange County; and WHEREAS, such ce tifieate shalt be conclw;ive determination of satisfactory completion of thQ ccnstructiun and development regairpd by the Grant Deed; and WHEREAS, the Agency has concl.isively determined that the construction and development on tha above described real �'< property required by clie Grant Deed has been satisfactorily completed ; and WHEREAS, Paragraph 6 of the afrrementioned Grant Deed IJr' contains a conditionsubsequent v, �Y s b equent providing for revesti.ng in event of violation of the provisions set: out in said Deed after conveyance and prior to recordation of the Certificate of Completion: 1%17 IT Cd >J• 1 �r i � +7 y� F. iV, . r 7 �,f�I � Y, ' tL��'IR�� '�1 . .. •.nZJ 1, `i'Ylbv; ,... .• + 1 •!�/ 16 +(�: sl ;( Y t f. , • to • r ° ♦. y ��• J" F t r .f /.', " - • ,� 1a+- - - •i Ar OFA - aL i� •ice '4 a^. t r�. 1' `r• ♦ •�r p t� ♦. . - .-• 1. ,• - v' .r 1 y • r II `•� 1 i r J R•YIM1f t My,r �¢ y�yy� ,. �r, :I ..i rS, �,. .1-. . �I•. J.^ � ��'.I i 4.K .'TII.:',�'-7�"+Y�l.s.'.4.w �1(''Rk"K�!W�•" af' r i A Vie ', t ,.. .�, .. I ' r . ., �' k. t. 4 .,y. � � ri R 1 ." �• •(• � M(tK7C�'"�. .r.•r.r..w 'i tr Mr'.l;i- .• � 1 �� r1 f wwrr+w 1T11M If. 11w Ieltro 14114 11P%4Xr ZVI r• r�'./ T01K It•}ftf}I. !!f pit 4f�sr, ,1 I j Y ' 141f � � � � � lewAr:A1} IgO�•bQ9 ,!D'N{f. ':4k ,� 11 y. r[)T.TRJC,f)M T,K } imt wr•�1k IM�V y; � .. �1nerlr t••.w �/' .� 1 IS•O`t•M Ari h+1• twrl "�'�+k';, / •� S ` •n 1..00"^ rvM A•1"t •. •Mrs '.' // .� i wrrn w.rye L►.�hVw PC S'TCRr1 • / {�:•' �• ♦ / .VaM Y•111J110Lt 1Mwon 11 '�..• sMs lfrea. ;taw1 ta7w V 11t odt""•,l osco 61 q-d fnpV 11*wm; 4 1 ..`'• �.� F- •wulr 1TDTRk I"woti 11.1+ox's►.WALKIMtft) � to 1Af1 s r••+• boom M+Msu"&to t tpAgIbS7It. ' � •1• •-�.^ 1 '''� •• tArIMC�AKA1>n"1.�� tJl7� ' r � •`'�' tJWC'17CIA!'tll�C1E'D t►O�.fkAU}!!. �,.�+, 1 ( CCTM,16atC,R4 71T t •11i LOCATION N111 Y.Ie awn a r.+111N.1 :.� rw.1 QUA •a. } C0160A1 IF r♦ ,�� t� - - �� . w•.r._ 'fir; `' 'I• •1 •..- , 1•• •••• 1 Iti1Qvom t•.N1 N/N1•Ir, T Mwt iY. 1 tf 1, •, S f' . '�� r� �� 1 ,� Mlld'GM}il1M tRMI}M. 1ott10F.ti0: IKp,,,•Y. ef't:. f��—� �► •dPaN,� r a•1s1a•c>. L&IMaP. it IA" Miles Rdx K � �- wr.•w*ww rr..r.•. .r+w+w.��ww `Y, . I 1• , c(McEP-r%A►L !9Fm DENS O T STUDY •+,A e: "I N1111s11U• 81,1Ca• cAL11dRA1A C►E 3. la. gTER 1 1:' r { Y f i • ' �' �.. i 4 •L�L� f R' fro q"'!`,�t`� • •. • 1:a:.4.wr; •t�. 1 + 'tr• - Yi All �. da Aw l 4 W •-- �'1:, N t�• `•�1-Y:-= j I:'�;ti• thy;. �'H..';.r L'+ , r � . • F V 1.• 1. r •.Y r' 1 1•;�i31 r• t _ 1 r " `+ • i ` } J rva t Or Ij r t , o .•,. y,,JRYt �• a� ;_ r �� `�;WAY_ 'i� ��fir�Y• .�,y� •, •, � 40, ' ';is .r is ° �Y a.Fl7+�t �l'y• - \ ' , ' It. J . I••r,' nY. 1 1 Y. � ♦ r Ai IjY'+ Or NOW 'THEREFORE, the Agency hereby finds and determines ar; Cc�l lows I As provided in slid Grant- Deed, the Ager7y does f hereby certify that the constructicn and develGpment has been fully and sat• isfacLorily performed and completed , 2 The condition subsequent contained in Paragraph G of i « . h '* the Grant Deed has been fully and satisfactorily performed +► ,' ? and is of: no further force or of fect by reason thereof . 3 . Northing contr.4ine.d in this instrument shall modify in any other ;acy any other previsions of said Deed , � IN WITNESS WHEREOF, t:ho Agency has executed this certificate this --- — day of — 1 �� I• HUNTINGTON BEACH RI;,VEVELI� tNT AG13NCY j ATTEST: r ,h� Secretar ► "'°� w I� STATE. OF GLIPORNSA c.OUHV or ORANGE 1' �n I VG' Or this t-, •E , day o: _1_'_f_R + �---- ---' 19 c:c before- me, a Notary Public in and for Paid County and State. persenally appeared 1. l� c.'� known to the to bn the e4Avor j nrd = Jn c_k�Jn kn�+n to rye t�� he the City rlerl: 4- of tha City of Huntington Poach, the :municipal corporation Uiat exncuterf _ c f thA within instrument, k►:^_wn to aye to bf, the persona wroo executed the `r:a within instrument on behalf of said municipal c:orperation cvid &aknowledaed _ to m thnt• such r=icipal corporation exacuted the SAM. r. OFFICIAL SEAT. ---- ' c!_ r _ t1rT1E 6AA►tLJ4 3 t r�eia i ! ry Puolk-Ctftmid GItANGC GO'JKTY guy Comm.w.Jan.rl tti�+ �;• I r _ 4. f �• '.•� yrar r I r i Mf J�r,� •,• rJ I rl5'�R,� l l 1•v lal�i J r- �A F 7%y At j ley . • 1 • 1 Y t y pp 4: � Ufa t • -•�ti r �,fl�-� •• - • µ�• • • t • 'µ_me •Y , 1 -,�, 'A ��- i r 77��++r' P•`ti .fir"- /••T!.. ,' L•N"X�`f t �5 ..0 �•ti;;�sr.T t: 1 ��'' r• 9. M'• ±..►� by T !� T�� y, - , tr . olwl rk ef r •y n. c 1• Al 'A T 1 rr11 11 1 � i 1 �' i'A I A'•.r r „ ' 14 {:r ' rA .w�lr•lal M!t'.•.�rw �M.. ,:...�...� .... A r. - .., .., -�..�.,... � NI•11,. ..r..r•.-.4, Vi\rJL1l. �M• 'A j' r D '1 D' SPOSITION AND DEVELOPMENT AGREEMENT f J,`. � by and botyoen the HUNTINGTO14 BEACH REDEV"LOPMENT ACE14Cv V�V 1 end REDONDO-NnVACS PARTNERS, a California limited partnorehip x+ } and ,, ,• i!. :HE CITY OF HUNTINGTON BEACH, CALIFORNIA r TABLE OF CONTENTS �' '\ Luf •'�I•... 1. 1 . 151001 SUBJECT Or AGREEMENT 1 �''`" A. ( `101 ) Purpose of Agreement S. 1 §1021 The Redevelopment Plan ► C. 151031 The Project Area D. ( §104 ) The Site E ( 51.051 Parties to the Agreement ( §106) The Agency r. a , 2 . 1 5107 ) The Developer y 3 . 1 § 1051 The City Y F. 1 §109) Good Faith Deposit • '��'� "`�,' -� c :`��{'�}': ,,war• 1,. 11 . ( §2001 ACQUISITION' AND SALE OF THE SITE t�J,,A � 14"T . ' A. 19201 ; Precise E�lar, of Street tr' x Y 5 ! Alignment or Amen1ment ' B. 162021 Acquisition of tha Site C. ( §203 ) Disposition of Site Apo §2^4 Escrow 1e ..ice �i ' •,�. Y ''' r ' �;r ��'l �, J ..w». � _ ••w�1.'►�• #� !\.r'I' F4 ..• .�61� �4, .�hlK � r��,yyy�,y�.��' �� I ; e , r.. , . 4 y} sty �i w e r • a4 r' r� In ` J1�11 ii v I7 r 61 "5 �••� nn �� -� ��'�'".�..ndwe... ,,il, _. ._... ._ ... - .. ._ •, r�,,.f�+,rrtt nJAN�4.ilr , ...�.,„yv�ly.•4',11l�rJ�' ,'I �',,'� }1 D' , i E . 1 §2051 Conveyance of Title and Delivery I F, of Possession ( 5206) Form of Dead for the Conveyance / ' >1 C. 152071 Condition of Title ( §200 ) Time for and Place of Delivery of Deed r > 1 . [ §2091 Recordation of Deed ' ( 9210) Title Inssurance K [ §2111 TaxeA and Aa6eessmunts � ^ [ §2121 Occupnnts of the Site .z' I }I. [ §2231 Condition of the Site; `t Evaluation of Soils Condition N. 1 §2141 Preliminary Wart n . ( §2 1 15 Conditions Precedent to ` t the Conveyance r,-• � r �9� 7 b Y Qw j� v FAG P. [ §2161 Zoning of the Site +yea y»d ill . [ §3001 DEVELOPMENT OF THE SITE A. 153011 Development of the Site by the Developer �' � t 1 . ( §302 1 Scope of Development q ¢ 2 . 1 §303 ) Decign concept Drawings I, r,4 • ' �`,: ,w ��R 3 . [ §304] Constructions Crawing °• + *' h V i L at-a2. Related Documents +tyKi;Al.� r 3 \ 4. [ §3051 Approval of Maps, Plans, Drawingn and Related Documents I 5 . [ §:3061 Cost of Contstruc :ion 6 . [ §3071 Construction Schedule 7 . 1 §3081 Bodily Injury and r y r Property Da nacre Insurance ' E.N 1 1— ai {C�• h r i f S 1'1• 1�,V.tllr�.l��I•IMr'IrM�R 7,,,ww. ... ..«rv.•. r�r-.• ...• .�11 ,-' . A irm :tyr ,r,w,-,t .'W.:'.11:4'FIANili1�,,S.;iiWliJ1� ,d , i II ai u 7 c E, a •tea, F r F•,� r "`CCC F u p,. N � 'r,,'�� vr4, '+ , • r"` any`•' J 1 ; §309 ) City and Other Govern- 1 mental Agency Permits A 9. ( §310 ) Rights of Accents !'"7 + 10. ( §311 ) Local , State and Federal a ` Laws ( §312 ) .Antidiscrimination During Construction 16, A. ( §3131 Taxes, Assessments, Encumbrances y !° and Liens ,�• � �.is a_ :y��f,l r� ,+f Y'�,•r'1 � �''@MF 'CIE. '�' 7' ;� y C. 31h Prohobition Against Transfer of , y�.•i ( 4 ) ,.''' the Site, the Developer Improve- 'r ments Thereon and Assignment of Agreement Prior to Complc on of Improvements "• `;' ( 5314A) Prohibition Against Transfer of the Site, the Developer Improve- r .+, ments Thereon and Assignment cf Agreement After Completion of Improvementsr•' r t D. ( §315 ) Mortgage, Deed of Trust, Sale and Lease-Back Fi'tnneing; Rights of " Holders ', sly, • 1 . 153161 No Encumbrances Except T Mortguge,s , Deeds of Trust, ', • ;,• � 4 � ! e or Sale and Lease-Back , for Development 2. ( 5317 ) Holder Not Obligated to srr r', Construct Improvements r , 3 . ( §318 ) Notice of Default 4o t s J c ,, Mortgagee or Deed of Trust , R rr 'iW F 1, 1101dNr.8; Right LO Cure 4. ( §319) Failure of Holder to ^r Complete improvements S . ( §3 20) Right o f the Agency to I r� Cure: hlurtgage7 or Deed of Trust Default E. ( §321 ) Right of the Agency to Satisfy Other Liene on the Site After Title Passes ' ' •' r C i C4 r A ty :, Via,U t ��G 1 4 •� 1 r _,. ,�\ '_ ,' 4, fir' „1•r»�t�• �.• tit � V � '1t • R /. '� `"�' �� .Aar-. >,: • • 1 , �• r . - '� • • I • • ��K�;`,.jar•� .;' _ � .. r. 1 fit • r,}y� �It7r ," 40 fit .4 • Y, - to }•' - � ♦ �,� ' -. ( ( ,► o " r r�..M 1�.�•� �Jv �.r '.y �r . •i I� 4LA: AO • '' R ! •r r• � ail'• 4 1� _ ' �� yy• •,Y „-.: r. r.,• `'+� ;. _� �'� • . • bpi{/�✓1•4�•�r{ '• - 1y- r9• 1 4,•- '•i.I��/f.., - r, f�y,.: .t ` .`! fR'� , re Y.. �• �`I« I, Ihh 1 F " �i ; 1 •jam - ; A � t 1,J 1 ` r}� r N 1 . _-+ � ,. �,,♦-. �r • �/.' it P a 1 ��..- 1� '... 1•• � • • �I ty 1. , y yyp'r r- + v r, �,�. �t r 1j1�,. �q,9�� nr� �• -;•C -,� - fit) rti� 1f �qS/�c(� n- i✓ l )r+ :�,,jr�,,r .y .f' :,ry9'1 r 'y�r - is•,�� +`• ^yr_ fPL, ``4 r^�l-",.+� �{tyT• '' 1 Y T.rR,�r �I♦ ..' •�,*` W M 1 Ar t + n v�y � St NJ -'♦� ♦J�' -w � r � , tSS=�*"`gil r � � �, Jt�: 411 41 r` y•, . +• - :+ - :.� � �ti 1 —1 ! q '!/' _ fi�rr' 4 { s , r �. t ,• , rR•y 1 P a` 1 �,, ;..�,��'� )'I• ,:..mob• •'PY r oil -�` • • • • - f- A•� t ij� rrti r If lk I • �I K�rr�fk y. •,f e� !1 t �� I �,� 1 N r/ ny u' •' dhl ♦ t7t' / iv I n , a _ tf a •' � • 'tlh�I y� l� 4 p MGM ' 41 It ,.l t /A �, ' I AI{i si f�"�! .r{G� ' � f�-' �`A1 � ♦ •I ,� . * �J•♦1•♦ / ; y •� -f. a , y n t. •• t 4 vy �•,.�.... , � it v I,, I jr DISPOSIVON AND DEVELOPMEUT AGREEMENT L�It ,jl 46' =HIS AGREEMENT in entered into by aad between the 4, '0 I i HUNTINGTON BEACH REDEVA LOPMENT AGENCY (the "Agency a " .th� REDONDO-hOVACS PARTNER., a California limited partnership (the ? "Developer"), and THE CMT CF HUNTINCTON BEACH, CALIFORNIA (the l "City") . The Agency, the City and the Developer hereby agree as rollown: t;`.�;a� r ' 4 ' 1 . ) §100 ) SUBJECT OF AGREEMENT � �` #y A. ( §101 ) Purpose of Agreement �;''• 3.:'=: '' The purpose of this Agreement in to effectuate the Redevelopment Plan tau hereinafter defined) for the ? r Talbert-Beach Redevelopment Project Area (the "Project Aran") by providing for the disposition and development of certain "S' property situated within the Project Area (the "Project") . That portion of the Project Area to be developed pursuant to ' this Agreement (the "Site") le depicted on the "Site Flap, " which i8 attachell he;:eto as Attachment No. 1 and incorporated herein by reference . Thiv Agreement is entered into for the 0�0 purpose of developing the Site and not for speculation in land , , r ' ' holding. Completing the devclopment on the Site pursuant to .o this Agreement and the conveyance by the Agency cf that cez tairi TA +,Fri { f� real property to the Developer is in the vital and best interest of the City and the health, safety, morals and !welfare f of its residents, and in accord with the public purposes and i prov.sxons of applicable state and local lawn and requirementsy "; � under which the Project has been undertaken. ?}+ ,s}' 9i B. 1 §1021 The Redevelopment Plan t The Redevelopment Plan was approved and adopted on 1 Y ` September 20, 1982 by Ordinance No. 2577 of the City Council of 1 the City of. HuntIngton Beach; paid ordinance and the j Redevelopment Plan an so approved (the "Redevelopment Plan") I are irco: ora •ted herein b reference . pa ,`wl i C. [ g1u3J The Project Area The "Pro' :t Area" is located in the City, the exact boundaries of whit are specifically described in an instrument I , recorded October 5 , 1982, No . 82-350907 of the Official Records ( a r, of OrAnge Cot;nty,'which instrument is incorporated hereir. by 2r reference and made a part hereof. YJ; �' ; r +1Fww ! r ri�`9Y11:' 4 } r .jrr. JW •1'r I }'' 4•' R ' ",t Io r, ^ l` n: t ti 4 ' r , �y A it \1 (4 r .1 +°h°t,a , "F\n fi ''r' 1,{w 1,�J•'iFZLIa, v M " ._.... ._�. . 1 ti UT O if D. ( §1041 The Site 1WW 5P : The Site is that portion of the Project Area * �.' designated on the Site Map (Attachment No. 1) and described in the "Legal Description" , which is attached hereto an Attachment No. 2 and is incorporated herein by reference. •'• ,T.lr,• ' F. ( y105 ) Partien to the Agraement 1. 1§1061 The Aconcy .;'r�• >' The Agency is a public body, corporate and ' r politic, exercising governmental functions and powers and organized and existing under ChRpter 2 of the Community b Redevelopment Low of the State of California. The principal Y� � office of the Agency is located at City Fall, 2000 Main Street, Huntington Beach, Cnlifornia, 92648 4 r •' trP ' "Agency, " as used in this Agreement, includes the �•„',yy� ton Beach Redevelopment ment A � � .�',<, P 4!-ncy, and any ass. ghee a� or Y � successor to its rights, powers and reaponsibilitiles. 2 f §1071 The DeyL opejr The Developer is a California limited partnership ;r wl.°:ti :)1 having its principal off4ces at 3355 Via Lida, Suito 205, , ,x �A Newport Beach, California 926G3 . The Developer reprevents art' warrants to the City 1 ', and the Agency as follows: 1 A. The Developer is a limited partnership duly formed ar.d operating under the laws of the State• of Californi 3 and has duly authorized, executed and delivered this Agreement and any and all other agreements and documents required to be i r ti' ,,� !�" ,,• executed and delivered by the Developer in order to carry out, r, give affect to, and consummate the trannactiona contemplated by this Agreement. r B. The Developer does not have arty >'nateTial contingent obligations or any material contractual agreements vhich could Taterially ad Tersely affect the ability of the �l envelope. to carry ou: its obligations hereunder. rYtr ^�• - .+' '�; ' C. There nre no mrterial pending or, so far as Idd` 1 r r,: is known tu- the Developer, threatened, Legal proceedinqu to tix M 'Y which the Developer is or may be made a party or to which any �.:• t",r of its property is or may become subject, which has not been t M fully disclosed in the material submitted to the Agency which could marerislly adversely affect the ability of the Developer T� 4 to carry out its obligz�fons hereunder. i h C •� r \ v f,1-22-87 4803k/2460/22 {I j r' t rlr 1+r r. 07 1r 4�- v: Y. *g, t' � t4 yw+ �!� 4'°r ' 1 •1 ::,.'.;I�.r :.i�kt' ,,..r• .r.. : .,.... _,._ ..._.. _..__ .. ... .__..__._...._ .. . ._ ,...,.. ...., . ...-.�......_ . ..,..:1;.«,• r,•«�i1MrtWdll �• ',�� J ! I DI There is no action or proceeding pending or, to the Developer' s beet knowledge, threatened, looping toward 40 �, . the dissolution or liquidation of the Developer, and there in no a"tion or proceeding pen the or, to he Developer' s beet knowledge, threatened by or against the Developer w:rich could affect the validity And enforceability of the termn of this I '" Agreement, or materially And adversely affect the obi lity of �• ` ��x�r ` the Developer to carry out its obligations hereunder. y» E. The Developer has performed all of its r' obligations to be performed at or prior to this date in ;;. •i, Accordance with the Schedule of Performance and is not in default hereunder. { ' a i� 5.k 4�ICrr'• ' 4gdr�' :•s 1'1 F. Richard E. Boureston and Mic haal D. Todd are , t; the general partners of the Developer and have all requisite authority to execute this Agreemunt on behalf of the '. Developer. Upon its execution by the Developer, the City and the Agency, this Agreement will be a vnlid and binding obligation of the Developer in accordance with its terms. 3 . 151081 The C� ty 'i t il O ,d ��,>, ►�. The City is a municipal corporation duly organized under the laws of California. The principal office of the City is located at City Hall, 2000 Maln Street, City �re,ll not be Huntington Beach, California, 92648. The ,L t repponsible for t1he undertakings of the Agency pursuant to this r � Agreement. � r F. ( 5109) Good Faith De oait „1 r.' The Developer has delivnrr_d to the Agency n good faith deposit in the amount of Fifty Thousand Doll+are ($50, 000) (the "Good Faith Deposit" ) as eecurik for the p ) y performance o f the obligations of the Developer, and itr retentwon by the Agency r �• as liquidated damages in accordance with the provi eiono of thi a Agreement if the Developer fails to perform. • d If the "Conveyance" (as defined in Sectioi, 204) is effected pursuant to this Agreement, the Good Faith Deposit (together with any interest oarnr:d thereon) shall be credited b'' against the Purchase Price payable by the Developer. If the "Con'.•eyance" is not effected by the Agency for the reasons snt forth in Section 611(b) of thi3 Agreement, the Good Faith Deposit shall be 'returned to the Developer. In allrq�r�� , 'l , . circumstances, the Agency shill be entitled to retain the Good Faith Deposit. '�f �r, •� �� .1 � J�Y� `' Iry r _ L� v � ti 1 Y / I '�' ' 07-21-87 4833k/2460/22 -3- i �y./f �,uY`1�6 .. SFr '•. 'Y � �, 'Y' / y F ow I II . ( §200) ACQUISITION AND SALE OF THE SITE A. ( §201) Frecise Plan of Street Alignment or ' Elimination Provided that the Developer is in compliance with its ubl.igationa pu;*auant to Section 204 of this Agreement, the City will use its bent efforts to review aubdivision maps and plans for the Site and, if required, will use its best efforts to initiate *:•ithin the time met therefor in the Schedule of ` ` ' Performance mnd thereafter conclude proceedings for the ;-,.� l elimination of City streets and alleys. The Agency, the City 1} and the Developer agree to comply with the provisions of Section 322 hareof relating to the Canceptunl Site Development Study (Exhibit 1 to Attachment No. 5 ) ( su-.h parcels heerain t t; referred to as the "Trian:ralar Parcels" ) and the final Precise: t t :• Plan of Street Alignment approved by the City (herein referred to as the "Precise Street Plan" ) .E. ( §202 ) Acquisition of the Site Subject to applicable terms and conditions of this Agreement, the Agency agrees to hell to the Developer and the N Developer shall purchase from the Agency the Site. Thn ++ purchase price for the Site to be paid by the Developer shall ' be the sum of One Million Seven Hundred Forts'-Five Thousand ;z Dollars ( $1, 745, 000) (the "Purchase Price" ) . C. 1 §2031 Dis osition of the Site r The Developer agrees to purchase from the Agency the Site ;• in accordance with and sub' ect o a o e `. it- n j t all f the !• rns; cc•venants and conditions of this Agreement (particularly Section 225 hereof) , the Aqercy agrees to bell to the Developer the Site . Thereupon, the Developer agrees to and shall develop the Site in accorr'ancs with the Scope of Development (At•tachnent No. 5) within the times and subject to the terms, conditions and provisions as hereinafter provided. The Developer shall develop the Site for use as a manufacturing , ,;;, facility (on a build-to-suit basis) in which the permitted uses shall be those permitted in the City of Huntington Leach Municipal Code (MI-A Zone) . The Developer shall lease the Site �1 and improvements thereon to Southwest Quilted Products, Inc. , a California co_purntion. The Purc"hasp: Price for the Site shall be that amount determined pursuant to Section 202 of this Agreement. In addition to the consideration set forth in this ; Section 203, the Developer shall parr all of those costs, charges, fees and expenses as herea::ter expressly provided to be paid by Developer pursuant tc this Agreement and shall, at ��4 ._ err' .. ;�•, ,� 1 r �.'�^rl.',y„';•�ti 'i r, 07-21—6 / '.•'.1 +W 4633)c/2460/22 -4r• ys� y ►N�Mt — I, r'�' hi ,raj, �� _ '�'• - �� ' � ;;, 'i ,�' F�'�' �x C, r r' .' I'� YA '' • 1, '!. ` i �,; ,.,�t n h 11 � ,`, . ! '• `�;,. p >'y. f ` r I, i TI l •1 Q;1 1 55 . • ' 1 1 Sts coat, prjvz:c all of thcl Dtveldpet Improvements (r,r. cic:fintci i 2rj Section 302 he roof) r Eacrow w .'IV : Tlsc hgincy agrous to rNer, an escroar (the "Emeroli" ) ' tcith the Eccrow Depsrttnunt of Lawyaria Title: C:ni-uny 6053 Birch 'f? •; d ., 8trewt., Suite 100, Newpory Dow.th, Cnlifornia 92660, or with ; ,�° ,' ., another r-utually nnreaable escrow company (the k,arro4i Agent") , 4ttt+schnant No the time �eib)ie+had ThuteorralNrr in dcocti+bodcinacla of tl�i4 Oect,ionr?;O-,ce: ohall be reforrad to n the "FFt.crow, ' and the ccmr-yancai !� ,4 ' provided for in this auction 7•:14 thrall !it referred to taro the + Convoyance•, ° This Acjrountent 1.•otir"Ituten thu joint baa.c: mecrow inutructions of the Agency �nd the Developer for tiro Conveyance, rind ra duplicate c r4gir,cil of thi o Agruement ahn)1 bo drilivered to the Eacrow hgtnt upon the op.•ninq of th.: Eoc�row. . Tht Agency and the Developer a:;tall provide seen Aciciitlonul I zserow i.,antrr,etiens nn nhall bt ncecenury for auti conc;iu•zt..-, / with thiz Agreement. The Eacrow Agent is hereby empow-Wred -.o act under thin Agroetaent, and the Escrow Agent, upon ins 1Y::`Gins " �'�� vithi.n five (5) dnya after the opening of the Escrow it-3 acne trtnce of the ruvisrio.�a of this Section 2t14, :n Writing, p p delivered to the Agency and the Developer, ahal; carry cut J t%� du•tion as Escrow Agent heroundar. Upon doi.xvl:xy of tl;c "Grant- DOCId" Kea hZ*CQ1Af tB2' { 6oflrred) to they Eocrow Agon•t by the Agency purouan, to Section 20B of t i.r. Agronmont, the Eacrov Agent ohtttl rc:Cord + j auc:h Daud irhnn tit).o cnn bo voutud in thel'ovalapur in mccotdanct vitli the tarms tend provi nionn of thin Agreament. The Devo;opor shall ac:ccpt conv,,-,ynnca of title or porsbeesicn of thz Site na provided in 'the Sch^dul.c of I'arfor:,+.unco (Attachment ' No. ? ) . The Eacrovi Agent ahal•l pay any upplic:,�blc: tran,fer tax. Itr•y in;:+ara:zco perlicic+n cr:var!s:q the Sit: or any pnz-cval nrt act to bo tra.nal'c^rred. The Developer shall pny in nncrow try tho Encrow Agant the following fco:s, chcrgar% an:1 cotstu promptl7l aftor tho cprrrov Aclent hnn notified theUavelaptrr of the a;aount of nucl, f%Deo, t , I Chargers and conta, but not rnr_ier than ton ( 20) duyu lei f or to � ,f tho r:choduled date for cloning the l;•,,row: „f 1 . (!Ie-half (1/2 ) of the oncrow fee: and C 7. . That portion of Qia premiun :for the tittle t �; inouronce policy to be paid by t•3ie Developer as tt not forth .n Ecction 4^20 of thin Agreement. The :,oveloprsr :Ball aloo dopoait witli thn Eacroir Ayl'nt , .i an-,` balancr: ctt:+M rA3 all or part of *.tic PL:1:chase Prica by Lh- {; time estrabliahod therefor :In the Schadulo of ?vr•foz-,ranc:a , (Attnchinent No. 3 ) . 1 '( 41333k/2460/22 / f'j•M i1 D i OW: f4• � it 9 r.p toll. n'' •y .VJ 1 COY I Y .,, ��,1 ' 1 •\ �, . .1�'r J, r, N 41 wx / ie ti i 1 ,e t • 1 r•, � . . 'i}f ��;' r •eft • .r1•wI. y'•�• 1 The Agency shall pay in escrow to the Escrow Agent the fvilowinq fees, charges and costs promptly after the Escrow Agent has notified the Agency of the amount of such fees, charges and coats, but not earlier than ten (10) days prior to the scheduled date fcr closing the Eacrows 1. Costs necessary to place title to the Site in the condition for conveyance required by the !, provisions of this Agreement; 2. One-half (1/2 ) of the escrow fee; w 3. Cost of drawing the deed; 4. Recording fees; 1; S. Notary fees; 6, Any State of Californift, County of Orange or City ,r documentary stamps; 7. Any transfer tax; ` 8 . That portion of the premjum for the title insurance Policy to be paid by the Agency as set this A reament• and forth in Section 210 of , y 9 . Ad valorem taxes, if any, upon the Site for any ` \ time prior to transfer of title. In connection with securing title insurances as provided in Section 210, the Agency shall Cause a title report Develop er er shall be !A relating to tha Site to be prepared. p entitled to approve such title report and shall approve the title report if such report in consistent with Section 207 hereof. Notwithstanding the foregoing, Developer shall not be required to accept a Notice of Pending Action (the "Lis Penders" ) recorded against the Property (regarding Triple H { L Properties vs. City of Huntington Beach et al . , Orange County Superior Court Case No. S19577; the "Lawsuit" ) as an exception to title, The Agency shall timely and properly execute, s' acknowledge and deliver a deed in substantially the form of the ` "Grant peed" (which is attached to this Agreement as Attachment No. 4 and is incorporated herein) , together with an estoppel certificate certifying that the Developer has completed all ►� r. acts (except deposit of the Purchase Price) necessary to entitle the Developer to such conveyance, if such be the fact. 1 '1 ` '✓ r • I � 07-21-87 4833ki'2460/22 4 r!r v";.' �,i�:" �i,r,a r .. .. J '�r.r .�.h�l^�14i� � •HI,Y� �J7�, �3 l �Ja,i J. • r �ftl � ily�, ,• I +'' t 'Y 4. The Escrow Agent, in authorized tot �J 1. Pay, and charge the Agency and Developer, ?' respectively, for any fees, charges and costs payable under this Section 204 of this Agreement. Before such a e �Ir made, the Escrow Agent shallnot r notify tha Agency r and. the Developer of the fees, charges and costs ' necessary to clear title and close the Escrow. 2 . Disburse funds and deliver the Grant Deed and other documents to the parties entitled thereto when the conditions of this Escrow have been fulfilled by the Agency and the Developer. Funds deposited as part of the Purchase Prica uhall riot be disbursed by the Escrow Agent unless and until thL Escrow Agent has recorded the Grant Deed (Attachment No. 14) and has delivered to the Developer a title insurance policy insuring title and conforming to the requirements of Section 210 of this Agreement. ' 3 . Record any instruments delivered through this Escrow, if necessary or proper, to vast title in the Developer rn accordance with the terms: and provisions of this agreement, All funds received in this Escrow shall be deposited by the Escrow` Agent, with atirer escrow funds of the Escrow Agent in an interest earning general escrow account or accounts t` with any state or national bank doing business in the State of it California. Such funds may be transferred to any other. general escrow account or accounts. All disbursements shell be made by check of the Escrow Agent. All adjustments are to be made on the basis of a thirty ( 30) day month. If this Escrow is not in condition to close on or 4 ` before the time for conveyance established in Section 203 of this Agreement, either party who then shall have fully performed the acts to be performed before the conveyance of r' title may, in writing, demand from the Escrow Agent the return-of its money, papers or documents deposited with the Escrow Agent. No demand for return shall be recognized until tan (10) { y days after the Escrow Agent shall have mailed c y q copies of such P r r demand to the other party or portion at the address of its or ` their principal place or places of business. Objections, if :• any, shall be raised by written notice to the Escrow Agent and ` to the other party within the ten ( 10) day period, in which .tie,• , event the Escrow Agent is authorized to hold all Money, }gapers �'l;"''::r- ,; rind documents with respect to the. Site until instructed by a 46 'i rq 07-21-87 4E33)t/2460/22 -7•- I • ., •Y r ' �� fir.,{� �� r1' 4 -.._..____-__.. - f 1.• f • ','v 1N! � �� r ! �•. iA ': 't. '1� Ij 14 t Iv� ttilJry Y� III K r y N 'f`1+ Ati1J •tti4. 1. t , w M , p' p1Y`•i('* �1r� Ire !1 �„� '�*�9�' t � � apt` ` 'Jr,' t I '.•�` �' M 41 ''C'r+�'.�'1♦;<MJ r• 7, it +, r F �{„it mutual agreement of the parties or' by a court of competent jurisdiction. If no such demands are made, the Zscrow shall btu closed as sc,on as possible. The Escrow Agent shall not be obligated to return any such money, papers or documents except upon the written instructions of boil, the Agency and the Developer or until the panty entitled thereto has been determined by a final decision of a court of competent jurisdiction. Any amendment to these Escrow instructions shall be in writing and signed by both the Agency and the Developer. At the time of any amendment, the Escrow Agent shall agate to carry out its duties as Escrow Agent under such amendment. All communications from the Escrow Agent to the Agency „ or the Developer shall he directed to the addresses and in the manner established in Section 501 of this Agreement for notices, demands and communicetions between the Agency and the r Developer. a r. The liability of the, Escrow Agent under this Agreement is limited to performance of the obligations imposed upon it under Sections 204 to 210, both inclusive, of this Agreement. p. +Ir �•� E. 112051 Conveyayiee of Title and Delivery of ' ,a Possession �.. Subject to any extensions of time mutually agreed upon between the Agency and the the Conveyance shall be completed on or prior to the da.— specified therefor in the Schedule of Performance (Attachment No. 3) . Said Schedule of Performance !Attachment No. 3) is subject tc revision from time to time as mutually agreed upon, in writing between the Developer and the Agency. The Agency end the Developer agree r to perform all acts necessary to conveyance of title: in ,. sufficient time for title to be conveyed in accordance with the !, foregoing provisions. Possession shall be delivered to the Developer . concurrently with the conveyance of tit; &, except that limited access may be permitted before conveyance of title as permitted t; } in Section 214 of this Agreement. The Developer shell accept title and possession on or before the date established in the Schedule of Performance (Attachment No. 3) for the Conveyance. r _ t d' 07-21-67 4833k/2460/22 -8- r, { 'J R+ �7""' .�I /MM.�M►arm Vlfi/N wDr..M�MwTM�M+I 4 ip �h 1� 1} r E 11 gal`p 1 , .. , ` '' i� ,'4',r ' {1 r �• , ' ` r,d,?rry� n .',�'_ir t. : ' , .. - .. Ir jp; , F,y •.. ;1. l 49.: t' 1 .1 a •,1, t II I —- - —M- C-11 �r f. [ $206) Form of Deed for the Conveyance The Agency shall convey to the Developer title to the Site, excepting ths:•efrom mineral rights, in the condition provided in Section 207 of this Agreement by grant geed in the farm of the Grant Doed (Attachment No. 4) . a r G. 112071 Condition of Tit1R The Agency shall convey to the Developer fee simple merchantable title to the Size, excepting therefrom mineral t rights, free and clear of all recorded or unrecorded lions, encumbrances, covenants, assessments, easements, leases and taxes, except for covenants and eaoement■ of record at the time of execution of this Agreement which the Developer has approved in writing, the Redevelopment Plan, the provisions contained in the Grant Deed (Attachment No. 4) and such other encumbrances to which the Developer may consent, The condition of title shall be compatible with and riot preclude development of:he .. "Developer Improvetrx-rits" ( as hereafter defined) , and the Developer shall review easements prior to and as a condition of closing consistent with the foregoing. The parties shall act reasonably in evaluation of any encumbrances and shall act diligently and promptly to conform the condition of title to that required for the Developer to proceed with development of a the Developer Improvements . In no event shall the Developer be A required to accept title subject to a deed of true.. or mortgage. The Agency shall reserve and except from the Conveyance all interest of the Agency in oil, gas, hydrocarbon I! substances and minerals of every kind and character lying more Wi ' Y ,• , than 500 feet below the surface, together with the right to '''' drill into, through, and to use and occupy all parts of the Site lying more than 500 feat below the surface thereof for any and all purposes incidental to the exploration for and ° ' production of oil , gas, hydrocarbon substances or minerals from said site or other lands, but without, however, any right to use either the surface of the Sit* or any Portion thereof within 500 feet of the surface for an 4 y purpose or purposes whatsoever. VJ H. (g2081 Time for and Place of Delivery of Deed Subject to any mutually agreed upon extension of time, the Agency shall deposit the Grant Deed (Attachment No. 4) with the Escrow Agent 'on or before the date established for the date of the Conveyance pursuant to the Schedule of performance s (Attachment No. 3 ) . 07-21-87 4833k/2460/22 -9- u JP s,r :to L 1 1 it r y, J q�'F 7 4r •' } ��r,�d r 1, '� y.f� i, 1 r 1• 4 1 1 J• r r �hr ! s ✓ �;! f t 14 , i, 'f,,S�S� �M� /.i `.Ir,r��,x� >.�••r' 1.I y �� A11� Tk ',11�`�,; �! s '''yOrrYrJJ' 1�. s R1�i'SF JA r ,t, 114h 7,, eq f '•� J 1 9 t' 1 .I. r � f °• '' �, i' v �f Y 1,1�' 1 t• s 01 .r �'• t�l•' r• 3 $. 21 JF I . 11209) Recordation of Dead i The Escrow Agent shall file the Grant Deed for , recordation among the land records in the Office of the County Recorder for Orange County, any, shall deliver the Purchase Price to the Agency after delivery to the Developer of a title a insurance policy insuring title in conformity with Section 210 of this Agreement. J. ( §210) Title Insurance Concurrently with recordation of the Grant Deed (Attachment No. 4) conveying title to the Site, Lawyers Title 4 Company (the "Title Company") shall provide and deliver to Developer a title insurance policy issued by the Title Company insuring what the title to the Situ is vested in Developer in the condition required by Section 207 of this Agreement . The Title Company shad provide the Agency with a copy of the title insurance policy and the title insurance- policy shall for the amount of the Purchase Price. The Agency shall bent- that amount equal to the cost of a standard CLTA policy for the Purchase Price. All additional costs incurred for or related to such title insurance shall be borne solely by the Developer, The Developer may, at its option and at its cost, obtain coverage in excess of the Purchase Price and may obtain endorsements or an ALTA policy. K. ( 1211) Taxes and As'ssanamnntss Ad valoren, taxes and assessments, if any, on the Site, !% > levied, assessed or imposed for any period commencing prior to conveyance oz title, shall be borne by Agency, and any of such taxes imposed after conveyance of title to the Site to the ' Developer (and ad valorem taxes and assessments, if any, on the Site, and taxes upon the Agreement) shall be borne by the Developer. All other tastes on the Site, whenever assessed, shall be borne by the Developer. L. ( 3212 ) Occupants of the Site Pouses5sion of the Site shall be delivered to the S Oeveli)p.�r and title shall be conveyed to it with no possessory rights ov possession by others. ,r ra M. ( i213 ) ` Condition of the Site;_ r,valuation of Soils Condition 9 ::j to all portions of the Site, the Site shall be i conveyed in an ' as is' condition, The Agency shell not be in any way responsible for demolition of existing improvements or + ! 07-21-87 4833k/2460/22 -10- ° } � .�.....�.........+ w../rtnr wr.r.�w.•tn�wraa..r.aaYw.r 1 it fyp rt r� �r rt�,`� y; �, > '1. � . , •° a' °•� 1, � �',((' L4{1 P .r i.i�.� i ;' .Y: yy• It- r'i .S,•�' ��q Yr,.� 1 i• r3r�� t Y IQ r,, ri IxIt it ' .'.,'► '�,' � ; ' , "la ` i•► d'r• .>f y�1:1�++J{0 1 �..fif Ihla��la� r APOL r , removing anf subsurface obstructions on the Site. It shall be the soli responsibility of the Developer, at Developer's expense, to investigate and determine the soil conditions of the Site for the development to be constructed by Developer. Developer or its representatives shall have access to the Site at all reasonable tires for the purpose of obtaining data and making teats for the purpose of evaluating the suitability of the surface and subsurface soils conditions for the development of the Site . in the event the Developer fails to terminate this Agrsement pursuant to Section 611 hereof within the 30 day time period not forth therein, or prior to the close of ancrev, whichever is sooner, the surface and subsurface soils conditions of the. Site shall be deemed to be fully suitable in all respects for the Developer Improvements. N. ( ;214) Preliminary Work Prior to thh conveyance of title, representatives of Developer shall have the right of access to the Site at all reasonable times for the purpose of obtaining data and making surveys and tests necessary to carry out this Agreement. Any preliminary work undertaken c the Site by Developer prior to conveyance of title thereto shall be done only after written consent of the Agency, which consent shall not be unreasonably withheld, and at the sole expense of. Developer . The Developer -shall save and protect the Agency and the City against any c? aimE resulting from all preliminary work, access or use of the Site undertaken pursuant to this Section 224. Copies of data, surveys and tests obtained or made b the Developer on the Site ursuant to this Section 214 tr' shall he filed with the Agency within fifteen (15) days after receipt by the Developer. Any preliminary work by the Developer shall be undertaken only after Lecuring any necessary permits from the appropriate governmental agencies. O. ( 4215) Conditions Precedent to the Conveyance Prior to and as conditions to the close of Escrow for the Conveyance, the Developer shall complete each of tha following by the respective times established therefor in the Schedule of Performance (Attachment No. 3 ) : 1.- thO Developer deposits the Cood Faith Deposit with the Agency; t 07-21-87 4833k/2460/22 -11- 71 7.7 VA fr j�+ / kl, (y L r j � , t r \' �"S•rSY f f:n' r�T�` s . '4 I� j• v ) I. r I, t 'ti . '� ? II. it L 1 1. , ��f'td�'rrlr f'(� Ay. / v o:�4'� 1 Y?,�+ , • rti +� r . 4; d' .1 2 . the Developer executes the Grant Deed (Attachment No. 4); 3. the Developer has advanced to the Agency all funds constituting the Purchase Price; 4. the Developar shall not be in material default under this Agreement; 5. the Developer provides proof satisfactory to the Agency that the Developer has obtained a binding loan commitment for construction financing for all of the Developer Improvements; 6. the Developer provides proof of insurance (such as certificates of insurance) conforming to Section 300 of this Agreement; and 7 . tha Guarantees of Richard E. Boureston and Virginia goureston and Michael p. Todd (Attachment No. 8) have been duly executed and delivered to the Agency and remain in full force '• '' and effect. The foregoing items numbered 1 to 7, inclusive, together constitute the "Conditions Precedent to a Conv�e a cue. " 4 ;„ "•-, V I addition o • t c, �+ prior o and as a onditio to the �oea of rtit't, Escrow for the Conveyance, ." ♦1 O the Precise Street P?an, consistent with the Vs Conceptual Site Development Study, -tr. In the event either of the Triangular Parcels have not been acquired prior to Close of Escrow, an interim street alignment %Y% 1,0V) consistent with the Conceptual Site Development Study shall be approved by the City. P. 112161 Zo_ n ins of the Site aS Zoning of the Site at the time of conveyance thereof, shall be such as to ;permit development of the Site and eonatiuction of improvements thereon in accordance with the provisions o: this Agreement and the use, operation and maintenance of such improvements. # Except as provided in Section 202 hereof, the Developer shall b'e responsible to make appropriate application to the City of Huntington Beach to satisfy all provisions of the California Subdivision Map Act (Government Code Section 66430, It AN. ) and local enactments pursuant thereto, and any and all other local codes or ordinances applicable with respect to the development of the Site. 1 07-21-87 4833k"/2460/2.2 -12- „raw.i.w.+w,...,.......,._..._,.�..-...«..,.....+w.....--....n♦...n..rt........o.,.. ' •/ . ; to , y Y F r 4i f rA I 't ` S•I f 1 •,1 � Y Y t n , 1 r 1 1- .i I J•1 1• � r l y`J r r t�^ «Y Lt y�E r. .� }.r thF2 1� r� • S 1� 1I1 . [ 1300) DEVELOPMENT OF THE SITE A. ( 13011 Developmont of the Site by the Davelo 1. ( 13O2) ScQn4_ of Developff.ant The Site shall be developed as provided in the "Scope of Development" and the Conceptual Site Development Study which are attached horeto as Attachment No. 5 and •j Exhibit 1 to Attachment No. 5, respectively, and are incorporated herein. Specifically, the Developer shall develop the Site as a single industrial building of approximately 122,000 square feet for use in accordance with all City and Agency entitlements applicable thereto. The Developer shall { also be responsible for the Kovacs Street improvements extending from the Talbert-Kovacs intersection to the SSts required by the Department of Public Works of the City. The Developer agrees to acquire, at its own expense, the Triangular Parcels if such acquisition is required by the Precise Street Plan. The buildings, structures, improvements and the facilities and appurtenances relating thereto included in the , Scope of Development and to be constructed and acquired by the Developer pursuant to the provisions hereof shall constitute � the "Developer Improvements" as such term is used in this 1 Agreement. In addition to the Developer Improvements, the Developer shall provide at its own cost and expense all utility extensions to the Site. The Developer Improvements shall have k' a value, upon completion of construction, of not less than * ' +4 45, 600,000. In the avant that the tax assessment made by the tax assessor of Orange County upon completion of Construction shows a valuation upon the Developer Improvement• of less than l?' $5, 600,O00, the Developer shall pay annually an additional amount, to be doemed part of the Purchase Price, equal to 2% of the difference between the valuation of the Developer F� Improvements as determined by the tax assessor and 45, 600,000. ,< Payment of said additional amount shall k+e made each year, as required by this Section 302, within 15 days after receipt by the Developer of said tax assessment and shall continue annually until such t1me as the ►:ax assessor' s determination of value equals 45, 600, 0 JO. The Agency and the Developer agree that the .Agency shall have no responsibility fcr the aquisition and construction of the Developer Improvements and shall be responsible solely for the relocation of the electrical pole as further deacrib&A in the Scope of Improvements. The Scope of Development shall include any plans and specifications submitted to Agency or the City (as Y applicable) for approval . Subsequent to approval of this Agreement, the Developer Improvements shall conforn, to plans and specifications approved by the Agency and the City and O7Y'21-87 + 4833k/246O/22 -13- WIM ti t r l T, 1 b . ti • t _ , ?S'r," . • ��V 1✓'t� r 'r•' - �,, 1�`�(T' Y,J�Y. r I r'1• �,q rl yr 1��<2 � 1 , w ai, •.� , J1I,^, `r'rl�� rti:� f; 1 yid(,! r "n!F•.I�+r vr:r 1 �l r ' r✓' c I Y +A 1 + , ' �� v��•*�I�Y ail +y , �r ; � ° 14•�+ Y'+q �+� + 1 ' �1N� V shall incoryorste or show compliance with all applicable mitigation measures, 2 . 113031 Design Concept Draltinas By the respective times set forth therefor in the Schedule of Performance (Attachment No. 3), the Developer shall prepare and submit to the Agency for its approval design Concept Drawings and rolated documents containing the overall plan for development of the Site in sufficient detail to enable the Agency to ev;.luate the proposal for conformity to the requirements of this Agreement. The Site shall be developed as established in this Agreement and such documents except an changes may be mutually agreed upon between the Developer and the Agency. Any such changes shall be within the limitations of the Scope of Development (Attachment No. S) . The submittal by the Developer shall conform to all applicable requirements of the Redevelopment Plan, Title q of the Ordinances of the City of Huntington Beach and the Huntington Beach Municipal Code. ( 93041 Construction Drawings and Related Documents By the time set forth therefor in the Schedule of Performance (Attachment No, 3) , the Developer shall prepare and + k submit to the Agency, the Planning Commission or other appropriate boards or commissions of the City, construction ' drawings, landscape plan, subdivision maps and related documents for all Developer Improvements for review and written approval. Drawings and specifications shall be reviewed by the Planning Commission and/or other City departments, buildings, or commissions in accordance with normal City processing d procedures, as set forth in the Schedule of Performance (Attachment No. 3 ) ; such drawings and specifications shall conform to all applicable requirements of the Redevelopment Plan, Title 9 of the Ordinances of the City of Huntington teach and the Huntington Beach Municipal Code. Any items so submitted and approved in writing by the City Planning Commission shall not be subject to subsequent disapproval. The landscaping and finish grading plans sha31 be prepared by a professional landscape architect who may be the same firm as the Developer's architect. During the preparation of all drawings and plane, ' staff of the City and the Developer shall hold regular progress meetings to coordinate the preparation of, submission to, and review of subdivision maps, drawings, plans and related documents by the City. The staff of the City and the Developer shall communicate and consult informally as frequently as is t 0?-21-87 4833k/2460/22 •14- 4 ......w.+..��r,�...wr.vT�.....wwrg0+�l.a•nm+m+MrP+W*J+(r'u•'Kt's'u.ARtMt/•Y,IaW'.+l7fnlsnMlalla '�• +, W W r r Al .r 'r _ f •, ( 'f fi ,,+�,1 rR r J.14�;• in ry1 .! r .. r 'r i. r + n .A 1 'Y A• 'ram •l1..1�j 4�,� -, ,. 1 t �'��, fir( , , + •� •Yl:t I 1'Pit 1 11 .. � r{r Ir ,, h I►y�ry'+ �� r iT IIMI rl 11Sr�r+f , f Cly4ti <q•+ '.. I 1 r , �IJ 1 r , 1j,"y1Q I�rl,� 1 , `ll.i, r �, ��I ,f rf i1i#..; �. ,1 � �ICi �, ++ f• rl � �{ � ,r+Y'yy lCTyi �' yrj.y �d1... ^aS. necessary to insure that the formal submittal of any documents to the City can receive prompt and speedy consideration. If any revisions or corrections shall be required by the City Planning Commission or any other official, agency, department, division or board of the City of Huntington Beach having jurisdiction, the Developer and the Agency shall cooperate to accommodate such requirements. 113051 Approval of 14gge, Plans, Drawl„ngs-, and RelatQd Documents The Agency shall have the right of architectural and panning review of all plans and submissions including any changes therein. Provided that the submissions by the Developer are made timely and are complete, the Agency or the Planning Commission, as applicable, shall approve or disapprove the subdivision map, 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. 3) . Failure by the Agency to either approve or disapprove within the times established in the Schedule of Performance (Attachment No. 3) shall be deemed an approval. Any disapproval shall state In writing the reasons fors disapproval . The Developer, .;+on receipt of a disapproval based upon powers reserved by the Agency or the Planning Commission or other board or commission of the City hereunder, shall revise such portions and resubmit to the Agency or other City Hoard or Commission or appropriate body as soon as possible after receipt of the notice of disapproval as provided In the Schedule of Performance (Attachment No. 3 ) . If the -Developer desires to make any substantial changes in the construction plans after their approval by the 17 Agency, the Planning Commission or other board or commission, the Developer shall submit the proposed change to the Agency and the Planning Commission or other board or commission for its approval . If the construction plans, as modified by thp proposed changes, conform to the requirements of Section 305 of this Agreement and the Scope of Development (Attachment No. 5) the Agency and the Planning Commission or other board or commission shall approve the proposed change and notify the Developer in writing within 30 days after submission to taie Agency. Sudh change in construction plans shall, in any event, be deemed approvad by the Agency unless rejected, in whole or in part, by written notice thereof by the Agency to the Developer, setting forth the reasons ther4for, and such rejection shall be made within said 30-day period. I 1 07-21-67 4S33k,,'2460j22 .15- r -r N�..w■r,r.wq„ ...... .�............-s�wrscaM✓1'►r.'�.w�sr+ay .+..r�nw 7rl1tb fl �i � r�Y `' � tl�-• 1: - r 1i.• r 1 1 r' + +r�r.,,�d1 �f Syr •4,: a•' t 1t;j1! rl ( yfl� r 1 E ti!fJ� + rt 1r,.,y� � R.• } r 01 r, y ro y +• i, y 1 y, r r•, ,, ' r?• r, r fl . q'v Sr [ 13061 Cost of Construction The cost of developing the Site and constructing all Developer Improvements tboreon *hall be barne by the Developer. 6. 113071 Construction Schedule After the Conveyance, the Developer shall promptly begin and thereafter diligently prosecute to completion the construction of the Developer Improvements and the development of the Site. The Developer shall begin And complete all construction and development within the timer specified in the Schedule of Performance (Attachment No. 3 ) . 7. 113081 Bodily Injury and Property Daman I ,surance The Developer shall defend, aisiume all responsibility for and hold the Agency and the City, its officers and employees, harmless from, a) 1 claims or suits for, and damages to, property and injuries t% persons, including accidental death (including attorneys fees and costs) , which may be caused by any of the Developer' s activities under this ' Agreement, whether such activities or performance thereof be by the Developer or anyone directly ;jr indirectly employed or J. contracted with. by the Developet and whether such damage shah. accrue or be discovered before or after termination of this h}' Agreement. The Developer ohnll acquire and maintain during the life of this Agreement, a comprehensive liability policy in the amount of One Million Dollars (42,000,000) combined single limit policy, including ;:ontractual liability (part of which coverage may be provicird by unbrella policies) , as shall protect the Developer, the City and Agency from claims for such damages. The Developer shall furnish a certificate of insurance countrraigned by ari authorized agent of the insurance carrier on a firm of the insurance carrier setting forth the general provisions of the insurance coverage. This countersigned certificate shall name the City and the Agency and their respective offices, agents, and employees as s. additional insured;-: under the policy. :he certificate by the insurance carrier shall contain a statement of obligation on the pi►yt of the jarriar to notify City and the Agency of any material change, cancellation or termination of the coverage at leas:: thirty (30) days in advance of the effective date of r.ny such material change, cancellation or termination. Coverage provided hereunder by the Developer shall be primary Insurance r.nd not contributing with any insurance maintained by the r 07-21-67 4633k/2460/22 -16- 6' i rtsF'r„7y•n,+rw.+r.w,"� .......r ..+� r �. TV lei- I V ,y •.`.-; r !#irM4JAJ•7waJ W{�R7:t�4IVr',IFd,MMiN►� ..r .,ti. r .. ,, , ii' y�rik yj'}'�r,' ili to H '•�� 9' '1(. .dMf i r»I r A l�i av• 'mod t, �J 4J 9M 4. i ,1 Sw lei ,yJC r,., i ' J l• ''r �p,rr . l r1 W• 1� � 4 . IiriWr.AZ i�►��i.iw+rr f Agency or City, and the policy shall contain such an endorsement. The insurance policy or the certificate of .insurance shall contain a waiver of subrogation for the benefit Of the City and the Agency. The required certificate shall he furnished by the Developer at the time set forth therefor in the Schedule of Performance (Attachment No. 3) . The Developer shall also furnish or cause to be furnished to the Agency evidence satisfactory to the Agency that any contractor with whom it has contracted for the performance of work on the Site or otherwise pursuant to this Agreement carries workers' compensation insurance as required by law. The obligations set forth in this Section shall remain in effect only until a final Certificate of Completion has been furnished for all of the Developer Improvements as hereafter provided in Section 322 of this Agreement. $. 1 1309) CitX and Other GoveLWantal Agency Permits Before commencement' of construction or development of the Developer Improvements or other works of improvement upon the Site, the Developer shall., at its awn expense, secure or cause to be secured any and all permits which may be required by the City or any other governmental agency affected by such construction, development or work. The Agency will, without obligation to incur liability or expense therefor, use its best efforts to expedite issuance of permits pertaining to the Developer Improvements. 9. ( y3101 Bights of Access For the purpose: of assuring compliance with this Agreement, 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 improvements, so long as they comply with all safety rules. Such representatives of the Agency or of the City shall be tnose who are: so identified in writing by the Exec;ttive s' Director of the Agency. The Agency shall hold the Devnlopl harmless from any bodily injury cr related damages arising out of the actiVities of the Agency and the City as referred to in this Section 310. 07 .21-E7 4633k/2460/22 -li- {+! �''b ,# 1.11• ' i o ill! '� �: r t 47, I, • II I l l ' - ,' 1 ''• r rl V,Y '11 l•, r ti 4 y.ry�• 1 .r. 7 / r ;.•• SOT 9�'S�;, �•y� �4, 1 nay !r{��r•,+1 T�• y � �L �'J/: r d n; n 1 yC•r tAl .l��r�R l Ti�{{..�� P,f ry' ,� Or��tt •i' If' J r�. ,�+ y^1.� i ! r 1 jr ��(r �Jx � ¢ ire Jrr. I fir, •.� a P}{ Abw ,j[r4�'k1 � ;`,•� Y*jy'��.rr�t ;� r� , � 'S'�i:}� i5�'�`!i� ��j7j•f ��l �y{ r� e'1� r��7 r � '� , A i JJ 4 � '-1 1, 1 K• � . The Developer and the Agency agree to cooperate in placing and maintainin7 on the Site one sign indicating tl^e respective roles of the Developer and the Agency in the development of the Site. The cost of the sign shall be borne solely by the Developer. 10• ( 13111 Local, State and federal Lawn The Developer shall carry out the construction of the improvements in conformity with all applicable laws including all applicable federal and state labor standards and environmental lawn, provided, however, Developer any its contractors, successors, assigns, transferees, and lessees are not waiving their rights to contest •ny such laws, rules or standards. 11 . 113121 Antidiscrimination During Construction The Developer, for itself and its successors and assigns, agreep that in the construction of the improvements provided for in this Agreement, the Developer will not discriminate against any employee or applicant for amployment because of race, color, creed, religion, age, sex, marital status, handicap, national origin or ancestry. B. ( 13131 Taxes, Assessments, Encumbrances and Liens The Developer shall pay when due all ad valorem taxao and axsec;.jmentn on the Site and lev .ed subsequent to a t•, conveyance of title to the Site. Prior to issuance of a Certificate of Completion pursuant to Section 322, the Developer shall not place or allow to be placed on the Site or any part thereof ai>>r mortgage, true- deed, encumbrance ur lien other than as expressly allowed by this Agreement. The Developer shall remove or have removed any levy or attachment made on any of the Site or any part thereof, or assure the satisfaction thereof within a reasonable time but in any avant prior to a sale thereunder. Nothing herein contained shall be deemed to prohibit the Developer :from contesting the validity or amounts of any tax assessment, encumbrance or lien, nor to limit the -remedies available to the Developer in respect thereto. C. ( 4314) Prohibition Against Transfer of the Sit*. the Developer Improvements Thereon and Asai ent of Acrreement Prior to •�Completicn of Improvements Prior to the is3uance by the spproprinte goverrantntal authorliq of a Certificate of Completion (pursuant to Section 322 of this Agreement) as to any Developer r 07-21-87 4833k/2460,122 -18- f` .V 4 ..� .--, �.. ..�_.�_.....,..,-......w,,m►��+ar�rflrWoaa+R't+n�Alra� •ri , '�ry�+r`�'Y12 F'' r .'�'. r 1 ';f •�� Jhr�Ir t y r � � ��`Ir�+l ICI r� _ •+ r+, i�y,� �• ,1 (, : •a. � 41 lla 11, �,� /tt��f'jii( 1� t'4 Y 1 I� ` ,i J�,1, 1• ,1�• �'+ ,1 �'� J r� �.� . •f ; , r , #' ��i� fir• 1, /. .A �1 r' T•r J r Improvements, the Developer shall not, except as permitted by this Ag•:sement, without prior approval of the Agency, make any total or partial gale, transfer, conveyance, assignment; or lease of the whole or any part of the Site or of the Developer Improvements on the Site, other than as expressly contemplated herein. This prohibition shall not be deemed to prevent the granting of temporary or pernaen*nt easements or permits to facilitate the development of the Site. In the event that, contrary to the provlsiono of the second paragraph of this Section 314, the Developer does sell, transfer, convey, or assign the Site or the Developer Improvements thereon in whole prior to the issuance of a Certificate of Completion for the Site, the Agency shall be entitled to increase the purchase price paid by the Developer for, the Site by the amount that the consideration payable for such assignment or transfer is in excess of the purchas4 price paid by the Developer pl•iis the coat of improvements and development, including ci.rrying charges and costs relbted thereto. The consideration payable for such assignment or transfer to the extent it is in excess of the amoutit so authorized, shall belong and be paid to the Agency and until so paid the Agency shall have a lien on the Site And any part N involved for ouch amount. In the absence of specific written agreement by the Agency, no such transfer, assi nmc•nt or approval b the g Y, , g Agency shall be deemed to relieve the Developer from any obligation under this Agreement. All of the terms, covenants and conditions of this Agreement shall be binding upon and shall inures to the benefit of the Developer and the permitted successorr and assigns of the Developer. Whenever the term "Developer" is used herein, such term shall include any other permitted successors and assigns an herein provided . ( 1314A) Prohibition Against Transforof Sit*- and Change in Ownership, Management and Control of Developer after completign of Improj-'Rments The qualifications and :Identity of the Developer are of particular concern to the City and the Agency. It le because of rush qualifications and identity that the Agency has entered Into thij Agreement %,ith the Developer. No voluntary or involuntary successor in interest of the Developer shall acquire any rigrte or posters under this Agreement except as expressly set forth herein. 07-22-87 4833k/2460/22 -15- r� .rMpn�','n—'Tsw.�..wn.r..rw.M�wrwRM M/vV:7AY dMWw" afro.7KNAw r 1 , 7 J G 1 pG� ;;q tyy 1'G Jr i 1 ,fr k ir x� A. r « IT: y. , u1 y . X y 'S'f,'•!+�k � ' ' ,` +2i 1tY �• � � i r�p`1,d A`�'xt.��1 .I�r ;l � . _ � � , 1 k�lhr P� i5�.f,�f 1� r ':•'c era' � •?' � . � t �� lei ': , ' , ' +r `fie ,+ a,; � • 0 F i ,f i 5, r � +• ,r I t i t I d •} ` Rye G G i „ - J,��, rl :' ,. r X' G`4, 1 , + y r r l .r y aGi ry r r r t a%Wyr �. a�`�.1i r�l��` a �� +1 1i 1 ,�A •' rr .,r � li y��%�� r„�� y��'y �-�}� �ai,Wy�YwaNMM�irA The Developer shall not moll, transfer or convey the Site or the Developer Improvements thereon in whole and shall not asmign all or any part of this Agreement or any rights hereunder except as expressly contemplated by Section 203 bereof, without the prior written approval of the Agency. The Agency need rot consider any request for sale, transfer or conveyance of the Site or assignment of this Agreement if the Devaloper is in default under this Agreement. The Agency shall f, not unreasonably withhold its approval of an assignment, provided that: (1) the assignee shall expressly assume the obligations of the Developer pursuant to this Agreement in writing satisfactory to the Agency; (2) the Agency reasonably :S determines that the assignee has a satisfactory reputation in the co..mmunity for property management and business practices; and (3) the Agency reasonably determines that the assignee is • '' ' , financially capable of performing the duties and discharging the obligations of the Developer under this Agreement. The Agency agrees to promptly approve any transfer of the Site or ` the Developer Improvements and any assignment of this .Agreement to any, limited partnership in which Richard E. Boureston and ' Michael D. Todd are the general partners, so long as the requirements not forth in (1) - (3 ) sbove are met. The Developer shall promptly notify the Agency in writing of any ` and all changes whatsoever in the identity of the general partners cE the Developer and the nature thereof. S., In the avant that the Agency approves an assignment of tiiis Agreement, the Developer shall no icnger be responsible or liable for the performance of this Agreement thereafter an:l the pyency shall release the Developer from the Guarantees (Attachinent Ns. 8) ; provided, however, that the Agency may reasonably require similar assurances of performance t or payment from any assignee as a condition to the release of the Guarantees. D. 163151 Mortgage, Deed of Trust Sale and Lease-Back Financing; Rights of Holders 1. ( g316] No Encumbrances k-:ceRt Mortgages, Deeds of Trust, or Sale and Lname-Hack for Deve oement Mortgages, deeds of trust and aales and leases-back are to be permitted before completion of the construction of ha Developer Improvements, but only for the pL"post of securing loans of funds to be used for financing the ' acq-,isition of the Site, the construction of Improvements on y the Site, and any other purposes necessary and appropriate in connection with develcpinent under this Agreement. The Developer shall notify the Agency in advance of any mortgage, deed of trust or male and lease-back financing, if the Developer proposes to enter into the same before completion of the constructicn of the Weve:loper Improvements on the Site . 07-21-87 4833k/2460/22 -20- 7i 1 y pr'Rrj rlyyi f S/ k r ` y �•S w F X.'.r '' ' ') ' 11 1 r�, t, Mrl 'Z' r S .S �yi�� rhr h�.�+1 r ,.,� , ;..- _ i '•4�, �,` r• ��. ltr ., - 14 , ` fir '. ' `1' y'• ' tr i { l ,t r .�r�'M(V+ t lwfr.x it 5•, •�, St 'R ky •I ifs+� r .+ � '/ I r• ,' r •, r „ a I IL It n 1[ t Ate, .....r..:.r�iyLr �rlra��r_.r.ryr�u-' a�w.�r•lilr• 'a a r The words "mortgage" and "trust deed" as used hereinafter shall Include sale and lease-back. Prior to the completion of construction of Developer Improvements, the Developer shall not enter into any amch conveyance for financing without the prior written approval of the Agency, which approval Agency agrees to give if any such conveyaneo for financing is given to a responsible financial or. lending institution or other acceptable person or entity and such lender shall be deemed approved unless rejected in writing by the Agency within fifteen (15) days after notice thereof is given to the Agency. The Agency agrees to be reasonable in its coizsidexatlon of proposed financing. This Section 316 shall not apply after completion of construction of Developer Improvements. 2. ( 1327 ) Holder Not Obligated to Ccr}struct Improvements The holder of any mortgage or dead of trust authorized by this Agreement shall not be obligated by the provisions of this Agreement to construct or complete the improvetr.ents or to guarantee such construction or completion; nor shall any covenant or any other provision in the deed for the Site be construed so to obligate such holder. Nothing in this Agreement shall be deemed to aanstrue, permit or authorize any such holder to devote the Site to any uses or to construct ix any :mprovements thereon, other than those uses or improvements provided for or authorized by this Agreement. 3. ( 13181 Notice of Default to Mort a es or Deed r• of rust Holders; - ight t„ o Cure With respect to any mortgaga or deed of trust granted by Developer as provided herein, whenever the Agency shall deliver any notice or demand to Developer with respect to any breach or default by the Developer in completion of construction of -the improvements, the Agency shrr,ll at the same time deliver to each holder of record of any mortgage or deed of trust authorized by this Agreement a copy of such notice or demand. Each such holder shall (insofar as the rights of the Agency are concerned) have the right, at its option, within th! rty (30) days after the receipt of the notice, to cure or remedy or commence to cure or remedy any such default and to add the cost thereof to the mortgage debt and the lien of its mortgage. Nothing contained in this Agreement shall 'be deemed to pertnit or aut4orize such holder to undertake or continue the construction or completion of the Developer Impro,•ementis (beyond the extent necessary to conserve or protect the Uev: loper Improvements or construction already made) without first having expressly assumed the Developer' s obligations to the Agency by written agreement satisfactory to the Agency. The holder, in that event, must agree to complete, in the 07-21-87 4853k/2460/22 -21- � rf.d.. t fir[" r ,!- r + (•' .�ti; :-,[t ' �n �}y�>'1`�'� � i � .I f�r f'r rt tr [, . re.. lip •r hr„ 1 1! :y, � . a,lr, Y�r1 Hr 3 1 � J ,1 , 1 r • r M� �iy r � 0[. ' '+rC r C `,+. 1r ,. , r� 'r•l ' � 1 'r rr��h ,t Ply��r;C • �� ' 7t,�hr �' r�•,y. r � r.�� ./•. . t , L k r+�.�rF t7��''�;[;:i � .'! •�+fir 1� xtvr `' ! r � �;'�t '1' � C �P�'5� 1+1' t t �7 i ;�; 1' �`• 4� : '�.d, yr.�' , ` r♦ 4 .kd•J 1 ,r ��, 'J� •• .. r , ., , il�,2r, t r�" 7t ll)r �1� \}S t � i Y r '`' r.f• i� r •r + �fj ` Jr� 1 �� ty• + � � r r .r, Jj'1rr r:,f tf'fD • a '��t,,t.f it rr r , . ,t � ;7 r' r' �.. '�', err ,' 1, t t r � ,i r� , • .i'� n'S�' 1.„r�� [ � Y��• t '�K''Y�+..Y�.r'if �' il• `r r '' r rr x• •� i .t� rY l � r � •r K 1 • ,G JII/JI�T•' i, 1 4L�Gr,F� '4 .•r VJ + A i . '�at{A1 t'f+E 1� ••. }L•+,+ y+. },If1 �t7ti•Y�Y'•' '�' T' ' e..4 r•' rtV 1, t+:a { (�4:�"d t v F#Imam �trY manner provided in this Agreement, the Developer Improvements to which the lion or title of such holder relates, and submit evidence satisfactory to the Agency that it has the qualifications and financial responsibility noressary to perform such obligatians. Any •such holder properly completing such Developer improvements shall be entitled, upon compliance with the requivements of Section 222 of this Agreement, to a Certificate of Completion (as therein defined) . 4. t331T) Failure o: Folder tLeonplete noveloper_ Im rovements In any case where, thirty (30) daye after default by the Developer in completion of construction of Developer Improvements under this Agreement, the colder of any mortgage or deed of trust creating a lien or encumbrance upon the Site or any part thereof has not exercised the option to construct, or if it has exercia&d the option and has not proceeded diligently with construction, the ;agency may purchase the mortgage or deed of trust by payment to the holder of the amount-'of the unpaid mortgage or deed of trust debt, including principal and interest and all other sums secured by the mortgage or deed of trust. I, the ownership of the Site or any part therecf has vested in the holder, the Agency, if it so desires, shall be entitled to a conveyance from the holder to the Agency upon payment to the bolder of an amount equal to the sum of the following: r a. The unpaid mortgage or deed of trust debt at the time title became vested in the holder (less all appropriate credits, including those resulting from collection and application of rentivIs and other income received during foreclosure proceedings) ; � b. All expenses with respect to foreclosure; I V. The net expense, if any (exclusive of general overhead) , incurred by the holder as , a direct result of the subsequent management of the Site or part thereof; d. The costs of any improvements made by such holder; and , a. � An amount equivalent to the arterest that ' would have accrued on the aggregate of such amounts had all such &Aounts become part of the mortgage or deed of trust debt and such debt bad continued in exittence to the date of payment by the Agency. 07-21-87 4833k/2460/22 -22- '" In ! iL W .'� Y .r1t•, �Rt rrrf 1� r1�r4i a I!'1 ' -• �, r `' t,�, r,� 4• 1J �,Jtr„ t G 1 t+ r� l+ix • rAf " err , ti + - � . T� ;. ti' 1 •�ir« i � ►y� ��'I 3rlj:., .�i ! I ;�, +1� irr,y '- IS ' rd" � '�fi rl I K ' f , 11 r 11 ,��•T a 'I�r41� �,��p{ y +: I `r •+ 1 t !' t fir . �` r1yr�h .�, ,T t•' A II � 1 37 ''�" "Y•, :r 'yk �� r Ir �ri � .' .r 'E,+Ct' i .i.�'1� 1 5. 113201 Right of the Agency to Oure Mortgage or Deed of Trust Default In the event of a mortgage or dead of trust default or breach by the Developer prior to the completion of the construction of the Developer Improvements on the Site or any part thereof and the holder of any mortgage or deed of trust has not exercised its option to construct, the Agency may 3 cure the default. In such event, the Agency shall be entitled to reimbursement from the Developer of all proper costs and `1 expenses incurred by the Agency in curing such default. The Agency shall also be entitled to a lien upon the Site to the extent of such costs and disbursements. Any such lien shall be subject to the existing construction financing mortgages or deeds �f trust. E. 113211 Right of the Agency to Satlst•y Other Liens on the Sitt! Alter Title Base&& After the conveyance of title and prior to the completion of construction, and after the Developer has had written notice and hao failed after a reasonable time, but in any event not less than thirty (30) days, to challenge, cure, adtquately bond against, ur satisfy any liens or encumbrances on the Site which are not otherwise permitted under this Ayraament, the Agency shall have the right but no obligation to satisfy any such liens or encumbrances. In such event, the { Agency shall be entitled to reimbursement from the Developer of all proper coats and expenses incurred by the Agency in satisfying any such lien or encumbrance and the Agency shall also be entitled to a lien upon the Site to the extent of such costs and expenses. F. [ 13221 Certificate of Completion; Partial Certificates of Completion t' Promptly after completion of all construction. and F development required by this Agreement to be completed by the Developer upon the Site in conformity with this Agreement, or any portion of the Developer Improvemente upon the Site as they are properly completed and ready for use or occupancy, the. i Agency shall furnish the Developer with a Certificate of Completion or a partial Certificate of Completion., as t applicable, upon written request therefor by the Developer. s Such Certificate shall be subctantially in the foL of Attachment No. 64hereto. The Agency shall not unreasonably withhold any such Certificate of Completion. Such Certificate of :ompletion shall be a conclusive determination of satisfactory completion of all or a portion of the construction required by this Agreement upon the Site and the Certificate of V 07-21-87 4833k/2460/72 -23- 0,"I�•`, '�, 1 r4 ��i1 �.•.', ' t I,�.r .lM. l..r+Y►.!.�r". I ' �j�' fd Ir�Y rply I 111J1 + ! 1 "!,•. � , ! ..y'ri r 1 {r ' p• if{��i•R�4'y.l. � I `. ', ,. In f 'LYw r (�� ltia I� ��,� r ,��'�. 6 r 1� •1 �. 1 ,r. f !,' .� �Et'V yeti rw+ Completion shall so state. The Agency may also furnish the Developer with a partial Certificate of Completion for portions of the improvements upon the Site as they are properly completed and ready to use if the Developer it not in default under this Agreement. After recordation of such Certificate of Completion. any party then owning of 'thereafter purchasing, leasing o: otherwise acquiring any interest therein shall not (because of such ownership, purchase, leaso or acquisition), incur any obligation or liability under this Agreement except r ' that such party shall be hound by any covenants contained in }` the Grant Deed (Attachment No. 4) , lease, mortgage, deed of trust, eonts'nct, other instrument or transfer, or other documents establishing covenants on the Site in accordance with tha provisions of Section 401 of this Agreement. A Certificate of Completion of construction for the eYitire improv3ment an development ent of the Site shall be in such pm form as to pc -mit it to be recorded in tbs Recorders Office of Orange County. A Certificate of Completion and a certificate of occupancy shall not be withheld on the ground that the Triangular Parcels are not improved consistent with the Precise Street Plan or Anterim Precise street Plan (because the City or Agency has failed to acquire either of the Triangular Parcels) if the Devaloper provides the City with a letter of credit (or such .;.,, other security as may be mutually agreed upon by Agency and x gt Developer) at 150% of the City Snginelar' s estimate of the sum of the cost of improvements for the Precise Street Plan with respect to the Triangular Parcels plus the cost of acquisition and development of either of tho two Triangular Parcels. On or tofcre the and of 18 months following issuance of a buildihq �.c 1 permit, the Agency may elect to acquire either or both of the Triangular Parcels by condemnation, if not previously acquired by negotiation. On or before thi end of 18 months following issuances of a building permit, if the City or the Agency has failed to elect to commence condemnation proceedings for either of the two Triangular Parcels, the Letter of Crodit shall be returned uncashed to the Developer. If the Agency or the City 1 commences w :h condemnation proceedings within said 18 monde t period, the letter of credit shall be cashed by the City or the Aqency or Developer shall replace the Letter of Credit with ` cash. The cash shall becoma the property of the Agency or the City and the Agency or the City shall proceed With due diligence to acgVire the Triangular Parcels; provided, however, if the actual cost of acquiring and improving the Triangular Parcels is less than the amount of the Letter of Credit, the balance shall be refunded to Developer. If tho City and the Agency are unable to acquire the Trianqular Parcels by negotiation within said 18 month period and have not commenced condemnation within said 18 months, the City shall promptly 07-21.87 4833k/246C/22 -44- �tT'l!"�'yr+.....,......+--.....,.�...�.r►nts�+rmnm+++narwf�tw �y t, �Yr r' . I � r ��r��lRl'9�,. 1 �� ' - ' r If 1�t�,� I'1 r !Ol I��i. 'I,•��w� I7 �r "�t•`I`ter , rr 1, (• - ... ,A r��fr.��y -�• - f;l r i'• -♦i.. . �1,�Ufa ' �11'K n � bY� r' YI i ��7 ol N 1 + of 1 r'1 i famulate a Precise Street plan which provides for the completion of Redondo Circle consistent with the Conceptual Site Development Study but which does not require ownership or development of the Triangralar Parcels. Notwithstanding the foregoing provisions, the Agency shall not be obligated to issue a Ccrtificate of Completion with respect to the Site or any portion thereof if the Developer is then in default under this Agreement. ' If the Agency refuses or fails to furnish a Certificate of Completion for the Site, or part thereof, &fter written request from the Developer, the Agency shall, within thirty (30) days of written request therefor, provide the Developer with a written statement of the reasons the Agency refused or failed to furnish a Certificate of Completion. The statement shall also contain Agency' s statement of the &cti.ons tLe Developer must take to obtain a Certificate of Completion. If the reason for such refusal 1. t confined to the imodiate availability of specific items of materials for landscaping, the Agency will issue its Certificate of Completion upon the po4ting of a bond by the Developer with the Agency in an amount representing the fair value of the wort not yet completed. If the Agency shall. have failed to provide such written statement > "�•; within said thirty (30) day period, the Developer shall be deemed entitled to the Certificate of Completion. + Such Certificate of Completion shall not conskltute r ; . evidence of compliance with or satisfaction of any obligation of the Develo r -to an holder of an snort a Pe y Y g Oe, or atilr ineeuier of a mortgage securing money loaned to finance the improvements, or any part thereof. Such Certificate of Completion ,.a not a notice of tompleetion as referred to in the California Civil Code, Section .1093. IV. 11400) USE OF 7M SITE 1, A. j 1401) Us*s The Developer covenants and tyrees for ,ttself, its successors, its assigns, and every successor in interest to the Site or any part thereof, that during Conotru,ction and thereafter,_ thes JDeveloper, such successors and such assignees, shall devote the Site to the uses specified in the Redevelopment plan, thi Grant Deed (Attachment No. 4) and this Agreement for the periods of time specified tharein. The permitted uses of the Site shall be thore permitted in the City Municipal Code (MI-A 'lone). The foregoing covenant shall run with the land. 07•.?1-87 4833k/2460/22 -25- 7 . I ��7 1 i 1, ;.'" r , .� ''• .. J .'1 r !'. � r {+ 5.11V,1 :'i� i..t .'1 � )i�y' w ` 't ,''�'.Y1 4S� �1 ♦ ,` jl,�j !7", . r rV '73 f• 41 7,7 Street Plan which provides for the completion of Redondo Circle consistent with i.bhe Conceptual Site Development Study but which does not require ownershipAd development of the Triangular Parcels. Q NotwitLotanding the foregoing provisions, the Agency Shall not be obligated to issue a Certificate of Completion with resptot to the Site or ony portion thereof if the Developer is then in default undtr this Agreement. If the Agency refuses or fails to furnish a Certificate of Completion for the Site, or part thereof, after written request from the Developer, the Agency shall, within thirty (20) days of written request therefor, provide the Developer with a written Ltatement of the reasons the Agency refused or failed to furnish a Certificate o» Completion. The statement shall also contain Agency's statement of the actions the D4veloper must take to obtain a Certificate of Completion. If the reason for such refusal is confined to the immediate availability of specific items of materials for landscaping, the Agency will issue its Certificate of Completion upon the posting of a bond by the Developer with the Agency in an amount representing the fair value of the work not yet completed. If the Agency shall have failed to provide such writt*n statement within said thirty (30) day period, the Developer shall be deemed entitled to the Certificate of Completion. Such Certificate of Completion shall not constitute evidence of compliance with or satisfaction of any obligation of the Developer to any holder of any mortgage, or any insurer I of a mortgage securing money loaned to finnnce the imi rovements, or any part: thereof. Such Certificate of Completion is not a notice of completion as referred to in the California Civil Coda, Section 3053 . IV. 154001 USE OF THE SITE A. 154011 Uses The Developer covenants and agrees for itaelf, its successors, its assigns, and every successor in interest to tLa Site or any part thereof, that during construction and thereafter, the Developer, such successors and such assignees, shall devote the Site to the uses specified in the Redevelopment Pl,an, the Grant Deed (Attachment No. 4) and thin Agreement for the periods of time specified therein. The permitted uses of the Site shall be those permitted in the City Municipal Code (Ml-A Zone) . The Foregoing covenant shall run with the land. 07-21-87 4633k/2450/22 -25- �•. JY,, , a ,. r rx l 1 (� 1' �' L ' ��c f 41,Y�r{ � + ~ ,, 1" + , T, . ! � r .1 •.fit{ �. �t ,( ,i a . 1 rr. . �, r fi JaA �•, �� •� i,'Y, 1 ��, ,1`, f �11 1Y1`� y `t+A '` fl L ' , ,•' ', •i' `` ., ,, 1 ,rr,�( r�•`'"• �{* r ••y r ( � 'i,'•.kv r 1: 1 ,,��' tit`.. ' ` V�5 y4LMylT'FL � �1 fry 1 ra t�,T 1 oe �N1 d � v •o .r44 '. . M1, q y rL`,y,��•1 I��LL"Li r� ��,r ' r �� l�1� I t d•'1 5 ✓, .III •1�Y r�,i,i ({"7I r�'+�I� ,..�i 1'f Lin l> i'tiwL Iv ill l ,1N' MEMO Y �° •;1 h a, `+ 11; ` " ��. l� 'rp' 1 ' ..•� '--I.rar�.��-�irrr��'.��i.w�`fi�r.. 1 r I The Developer covenants by and for itself and any successors in interest that there shall be no discrimination ngaiiist or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, aqe, handicap, national origin or ancestry in the sale, ).ease, sublease!, transfer, uce, occupancy, tenure or enjoyment of the Site, nor shall the Developer 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 tersante, lessees, subtenants, sublessees; or vendess of the Site. The foregoing covenants shall run with the land. The Developer shall refrain from restricting the rental, sale or lease of the Site an tha 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 clausesa 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 he no discrimination against or segregation of, any person or group of persons on S,r account of race, color, creed, religion, sox, maiitul status, age, handicap, national origin or ti ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the' land herein conveyed, nor shall the grantee himpelf 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 vendee* in the land herein conveyed. The foregoing covenants shall run with the land. " 2 . In leases: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, adrc,inistratore and assigns, and all persons claiming under or through him or her, and this lease is made and accepted stpon 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 07-21-87 4833k/2460/22 -26- 71 v �1 ��'Ci�l,�Yli�k�Ar 11�ti•�,✓ ��. 1:', j '., I i `r' , Y!�} 'v�r��r � r•'�,�• ,._ . . •(: .. � S! fir. 'f��T S% p�. ��i t1 � 1:' � • � , .1 rl ,'1.,,'r' � r 1 f�l�V �f� ``1 r •�i gib CPn r �' r .,f t 47 I�+ r t l + r, ', rr+h ' 1. ' r ,. ,.i !r r ,.1j' .•ti,i, ,,Y�+v ��'./`; �'• 1 WIWI IN FW r 1 F•..1..rr� n. ? 1 ,., rrrhpllr 71 I T , ,r,l� M ,` � 1Wi••� I4(li�i, Y t 1 • y r 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 agoiri`et 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, lerise, sublease, transfer, use, occupancy, tenure or enjoyment of the premises, nor shall the transferee himself or herself or any person claiming under or through bite or her, establish ox 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." r � B. 1 §4021 jRESRRVE I f C. 114031 Bights of Access v } 1P The Agency, for itself and for the City and other public agencies, at their sole risk and expense, resarves the right to enter the Site or any part thereof at All Treasonable times for the purpose of construction, reconstruction, maintenance, repair or service of any public improvements or public facilities located an the Site. Any such entry shall be made only after reasonable notice to Developer, except in the .case of emergencies, and Agency shall indemnify and hold Developer harmless from any costs, claims, Idumagts or liabilities pertaining to any entry. D. 114041 ffect of Violation of the Terms and revisionsof thin Agreement After Camolation of Co�itruction ;x 1 The covenants established in this Agreement and the decda shall, without regard to technical classification and designatian, be binding for the benefit and In favor of the t Agency, its successors and assigns, as to those covenants which are for its benefit. The covenants, contained in this Agreement and the Deeds shall remain in effect until the 5� I I 0?- 21-87 4833k/2460/22 -27- 7 ti r p 1 r f 1 f Q J .11 �1 Ikl}jL 4 7 �♦✓t 0`Myry � �ira 'I r '.� 14 t , .�r r'1r` '�•� M1/ �. 1} ' ,v � *:r♦�a .. Y, I ' r F � r�• t '� i•1!'' Ir,1 1 r .,1�1 �. �i/�,Ii�1�1QJf'�� 2 f"1 r 171{ 7 r f r ' r T � `'• - � it F f C • v� . Jae N tpl, �l �ic �" ` f: :� . 4.�'h �'�,�`1•r�`R!�'Y�'Ye a., T r�. r,1 1. lr 1 #,••C•1, I i 4 1r eo rf 4 t hl1 S}' �_ L• "�1 7,•r• . r. 5 rM�'r li 't�`r 1 , 4 i termination date of the Redevelopment Plan. The covenants against racial discrimination shall remain in perpetuity. t 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 4n owner of any land or interest therein in the Site or ire the Project Area. The Agency shall have the right, �a 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 banef eiariei of this Agreement and covenants may be entitled. V. ) 1500) GENERAL PROVISIONS A. 115011 tJotices, Demands and Communications Between r the Parties Ji-i. ' Written notices, demands and communications between � S'r the Agency and the Developer shall be sufficiently given if delivered by hand (and a receipt therefor is obtained or is } refused to be given) or dispatched by registered or certified mail, postage prepaid, return receipt requested, to the principal offices of the Agency and the Developer. Such written notices, demands and communications may be Rent in the ', same manner to such other addresses as either party may from time to time d*94: gnate by mail as provided in this Section S01 . d Any written notice, demand or communication shall be •y� deemed received immediately if delivered by hand and shall be deemed received on the fourth day from the date it is postmarked if delivered by registered or certified mail. B. JIS02 ) Conflicts of Interest No member, official or employee of the Agency shall have any personal interest, direct or indirect, in this Agreement, nor shall my member, official or employee participate-in A.y decision relating to the Agreement which affect@ his personal interests or the interests of any corporation, partnership or atsociation in which he is directly or indirectly interested. No member, oficial or employee of the ?.gency shall be personally liable to the Developer, or any sf successor: in interest, in the event of any default or breach by :r 07-21-67 4833k/2460/22 -213- 1, '•' 'y' •r,�—• � .« ^'�••• �..••wy wR7r�nsysl:_SNrwr�.r;r ur.o�•.�w*r!.• ry�• P {1f N 1 15,��` .,V,.• f�'. 1'• r , '°It. Z�. � Ir,, 1 r 1 , , r r f 7� ��Y•, 1 r, �. t1� ' ''L ��. � �i;,r 1_ 11 ri.'�'4Nr1r%r w'•,•iilti f`: 'i f' I ��`� 1 I '- !�1'lt, r t .r 1• Nr� >�,' ,� ,y��=ti, n' 1 •; lif� �#•, f , ;� �A r'. ., IJ�/ �1� Ir!�l,t •�,',yylr i ' 1 r f , jr, , ►y h R 1 K SIT 1 - ;1• l "1 . . err' �; ie , YI' C r•'`'r6' ,;r 14�K,( .P'�f N III 1 the Agency, or for any amount which may become due to the Developer or successor or on any obligations under the terms of Mhim Agreement. The Developer warrants that it has not paid or given, and will not pay or give, any third party any money or other consideration for obtaining this Agreement. C. 115031 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 toi war; insurrection; strikes; lookouts; 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, r subcontractor or supplier; 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 tas acts or failures to act of the Agency which shall not excuse performance by the Agency) : the obligation of the Agency to cause the removal of the Lis Pendens from the record title of the Property; or any other causes beyond the control or without tho 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 Lhe Lima of the commencement of the cause, if notice; by the ,yN party claiming such extension is sent to the other party Within 91 thirty (30) days oZ this commencement of the cause. Times of � performance under this Agreement may also be extended in writing by the mutual agreement of Agency and Developer. Developer is not entitled pursuant to this Section 503 to an extension of time to perform because of past, present, or , future difficulty in obtaining suitable temporary or permanent ; financing for the acquisition or development of the Site, ; D. [ 15041 Nonllability of Officials and_ Empluyea of the Agency No member, official or employs* of the Agency or the City shall be personally liable to the Developer, or any r 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 Developer or its successors, or on any obligatic^a under the terms of this Agreement. t 07-21-8'7 4833)c/2460/22 �11 (iH /fit 1Y�'�i•a,7��}r i, i i a°I 1 f •ti I ,tl I�h , , r , '�t�i \ " ru c • ♦ ' ) i r' ( 5505 ) InspaCtic+n of Books and Records The Agency has the right at all reasonable times to insp ect the books and records of the Developer pertaining to it the Site as pertinent to the purposes of this Agreement. The °J Developer also has the, right at all reasonable times to inspect s .�,��,�:• the public records of the Agency pertaining to the Site as pertinent to the purposes of the Agreement. VI. 1 §6001 DEFAULTS AND REMEDIES A. ( 16011 Defaults--General r Subject to the extensions of time not forth in Auction 503, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under �,•. this Agreement. The party who so fail♦e or delayn must immediately commence to cure, correct, or remedy such failure or delay, and shall complete such cure, correction or remedy with diligence. The Injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. Except as required to protect against further damages, and except for Sections 313 and 315 of this Nt. Agreement, the injured party may not institute proceedings rt' against the party in default until forty-five 45 days after giving such notice. Failure or delay in giving such notice shall not constitute a waiver o: any default, nor Lhall it f change the time of default. B. ( 66021 Legal Actions 1. ( 16031 Institution of Legal Actions • �1'f ,11 In addition to any other rights or remedies and subject to the restrictions in Section 601, either party may f institute legal action to cure, correct or remedy any default, to recover damages for aiv default, or to obtain any other ' remedy consistent with the purpone of this Agreement. Such legal actions must be instituted 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 ,I Court in the Central Diatrict of California. f 2. ( 66041 Applicable Law } M The laws of the State of California shall govern the interpretation_ and enforcement of this Agreement. r� " 07.21-67 4E33k/2460/22 -30- �• ♦ i•��il�`1 i,� :� ,. • ,i it �4?�, + �Z r I s,l♦ y,r i r.. lO i4 Peo 10 1 ilryy r�' 'r ✓i '�r r t .. ,' i "• v ` l�rr(��h . W. 4.1 ka S � 1 , r r ;, l SK�Q, r1`��r � 1 1 r ; ! aJ'.rJ�, i• '•Ot' j 3. [ 1605) Acceptance of Service of Process In the event that any legal action is commenced by the Developer against the Agency, service of process on the Agency shell be made by personal service upon the Director or in such other manner as may be provided by leer+. •r In the event that any legal action is commenced r , f by the Agency against the Developer, service of process on the ., Developer shall be made by personal service upon a corporate officer of the Developer and shall be valid whether made within or without the State of California or in such other manner as may to provided by law. ., C. [ 5606) Rights and Remedies Are Cumulative 'p� I 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 cr more of such rights or remedies shall not preclude the exercise by it, at the same or different tines, of any other rights or remedies ' 1' a for the same default or any other default by the other party. M D. [ §607) 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 . x'. E. [ 6608) Remedies and Rights of Termination Prior to Conveyance r c 1. [ §609) Damages. If either party defaults with regard to any of the provisions c ',his Agreement, the nondefaulting party shall serve written notice of such default upon the defaulting i party. If the default is not cured or commenced to be cured by 1" I the defaulting party within thirty (30) days after service of the notice of default (or within such other period ms is ant j ! f r forth herein) , the defaulting party shall be 1' -ble to the ott-ar party for any damages caused by Such defkult. 2. [ 6610) Specific Perfomance ! If either party defaults under any of the provisions of this Agreement, the nondefaulting party shall serve written 07-21-87 4833k/2460/22 •;!1- " '.,it I' •' !S:.' A ffL.i..�.yY.�w.•...,��.r.� � � �� ..A'��w r7T/r.�," .M7�/►/`.•.`•..A."""IIi.'l ,ILa '�. ''! •err.• �r. . . L •1y�� ./� r � 7 1 i , �+� �iKi�'Nl� �'t1 .. � .1' ,•JSi 1 � �.7YL�1S�w '�C' y i sy'�, ,i�'•', 11 � i' i 11, ��u' �1'� .. ` i�• rl'i .Icl 1 , ',fir, ., 1. r !. Ir, 1'�r ' y {, � 4 1. .. j`• , '��, •} •'� 1 �t�'is^�h 17 • 1 u �1 ' •1 ,r '� 1 �', +w.7 - rr.�i.rf.�rL1.t�. 1'►WM•�MUWIrM.IiM+wMa.YH1✓M�W�� rQ(p 1 cl J `YJ F LJ notice of such default upon the defaulting party. I.f the default is not cured by the defaulting petty within thirty (30) ' days of service: of the rlotiee of default, Qr such other time limit an may be not forth herain with respect to such default, �i � •'r' the nondefaulting party at its option may thereafter (but not before) commence an action for apezcl fic performance of terms of thio Agreement. 07 l a 3 . 1 §6111 Termination by the Deyelaper w This Agreement may, at the option of the Developer, be oil terminated b written notice thereof to the Agency c in the Y 9 Y � ) M event that the De!'eloper determines, and so advi.zes the Agency -�' in writing within` 30 days of approval of this Agreement or ` ° prior to the closi- of Encrow, . whichever is sooner, that the, surface or eubsurzace soils condition of the Site would necessitate extraordinary costs rendering the proposed development materially financially infeasible) or (b) in the event that the Agency does not tender conveyance of the Site or possession thereof, in the manner and condition, and by the a date provided in this Agr-remnnt, and any such failure shall not .i, be cured wi .Ain thirty 3 t r 4 days after the date of written I ; L n e Developer. U such termination, ex_e t with demand by the D ve 1 Fe r. per. $ h r r P bj respect to the return of the Good Faith Deposit as provided in v� Section 108 hereof, neither the Agency nor the Developer shall ,i have any further rights against or liability to the other under .� the Agreement with respect to the Site, The Agency agrees that 4., it •hall not unreasonably withhold conveyance of the Situ or possession thereof; provided, however, that the Agency shall not be deemed to be acting unreasonably if it withholds conveyance of the Site because the Developer is 3n' defauIt •t under thin Agreement or if the Agency has' reasonable rounds to n z believe the Developer is unable to perform this Agreement in » accordance with its terms. The Agency and the City agree to act in good faith in its performance of this .Agreement, Y tit ` provided that nothing herein shall be construed to require that s the Agency or the City take any discretionary action in favor of the Developer. Upon termination of thin Agreement, all monies or documents deposited by either party into Escrow shall : be returned to the party making ouch deposit, or otherwise as provided hers in. 4. 166121 Termination thse Agency In the even: that prior to the Conveyances r - • i (a) The Developer (or any Successor in interest) assigns or attempts to assign the Agreement or any rights therein or in the Site In violation of this Agreement; or � 'K1 07-21-87 4833k/2460/22 -32- r,< 1 .II 4 •r ��' iraa •'{ � ;;' 3 r/ I. ' , , erg , 't', t �,y5p ' 1 / t ��`°df5r O�r1�` 1 �'t!{'r �I/' .. ` 'y 4 ii•7. t I�r(�r�•��r �+�`�Z;�ti-I,�r •�/ 1 i ,� 1. � �I l' -•�r',`I,'I(y�!i t >. W1. 4" i'Fr j�♦ {3, , rY", '. r I,, �1 ,1, .,SS'I1 'C�4`�i'� 't�n 13 �i i- ! n 'J�]'j( 3�j�'.. , .f ' .. J 'r 1••• r r} Ilk,�! f r�r77-/rl c T'f' 1 r r •C�;;11Ml 1�1?�yi'Y"/c.•�Si/ I 1 .• ,' .,! �+ •.'1 r '',y 7 '7 V . � JIT.�r, t :1 i.r 7• / •.i .i. '1 .. ... , - `', Irl i• 7 r � -t� • y,7 y ry`�'Yy�l�.•yh�'��ri �}� , . i I ' '�a,l I«'1>� l 1T' F' r JJ r', 1 f • J :L,17 4 L i p rJ /l et fr Ii 4 r •111, 1 r rr 7 k�y� 1, y n (b) There is a change in the ownership of the Developer contrary to the provisions of Y' Section 108 heraof; or (c) The Developer does not submit certificates A. of insurance, construct+.on plans, drnwingo and related documents as required by this {" Agreement, in the manner and by the datesb respec:tivaly provided in this Agreement �pL, therefor and eny such default or failure shall not be cured within forty-five (45) yp• a;,f; daye after the date of written demand therefor by the Age!icy; or fr 44`t t (d) The Developer fails to execute the Grant Deed Attachment No. 4 by the time established in the Schedule of Performance (Attachment No 3 ) for the Conveyance; or r (e) The Developer tails to satisfy the Conditions Precedent to the Conveyance by " the time established therefor in the Schedule of Performance (Attachment No. 3 ) ; (f) The Developer does not take title to the Site unde- tender of corvel-ante by the Agency pursuant to this Agreement and such failure is not cured within thirty (30) days of demand therefor by the Agency; wn r• taen this Agreement are any rights of they Developer or any � N, f,•�y� '`` ,� as+iignee or transfaree in the Agreement, or arising therefrom with rospect to the Agency or the Site, shall, at the option of t ,• }� six) the A.jency, be terminated by the Ayency. In the event of termination under this Section 612, the Agency shall retain the RX ,. Good Faith Deposit as liquidated damages and as its property without any reduction, offset, or recoupment whatsoeiver, and thereafter neither party shall have any rights against the " :'J'r;,,,�':•;'°' ,t:; other under this Agreement. Agency and Developer agree that it would be impractical or extremely difficult to fix actu%l `•;tf'. :y��j.''r�; damages in case of Developer' s default, and that the amount of said deposit is a reasonable estimate 7f the damages which r would be sustained by the Ag,%ncy. Developer Initial Here Agency Initial Here OV il. ( §613 J Remedios of tiie Parties for Default After Passaga of Title and Prior to Comriletion of Construction I rl 07-21-87 4833k/2460/22 -33- , '., "' _ \ 1VYIR �Ri�tww..•.......--�_.......r....�__._..r .rM,r-•-�rw.+....a.,iy•• io f 4 V ! 1 xet • ,� <<1i ,'� l ' ,1�. ,, t 1, rt � �. �,,, '1 J. ;h�! 1 .4 rlrtrj;J. #i ' 1 ti • `t 1 a 1 , 1 I a�r � ' 1'''�' . �hl r.�f4')�.1° `:. i.: lf•. ,, _ ` IYi� �;',i t '�+v. +Il��i ,.•''t yr4.'\.,1 /'' `+ �. An �«• 31 Z ti�,� .!I't3:�Y1J'-r,..'t'J61..•'•lt•1t.1N 11':•..'.,r_y,....n..•..w,...:. -:.��._.aw.....'..:.�n....-,.rr,..... w.-..._.. .. ._: ll 011 y ( §6141 Termination and Damages After conveyance of title to the Site and prior to the recordation of a Cart!ficAte of Completion, if .itbar the Developer or the Agency defaults with regard to any of they► _ " provisions of this Agreement, the nondefaulting party shall 41 serve written notice of such default upon tbu defaulting party and any mortgaCeaa of the Prc•perty. No further action shall be taken by the nondefaulting party against the defaulting party or any such mortgagee (collectively referred to herein an the <. YY y defa�ultir.g party" ) and the defaulting part7 shall not oe y'Liable SFr, ` r for damages resulting from said default, so long as the dofau).ting party promptly upon receipt of noti.ce of default ► undertakes to curd such default and diligently purRuse such { cure, and such default is remedied within 30 days after Lnrvi.e 'er'' ,..�`;' �.,. ' of notice of such default or such tongsr time period as may be agreed to by the nondefaulting party. If the default is not N'�; its?; ..,�► ' cures by the defaulting party within thirty (00) days after service of the notice of default, or such longer time period fib for cure as may be agreed to by the nondefaulting party, the defaulting party shall be 13.able to the other party for any I damages caused by such cilf�Lilt. � ' t, 2 . 116151 .action for Specific Performance if the default is not cured by the Oefaulting party within thirty (30) days after service of the notice of 14t. . default, a: such longer time period for cure as may be agreed rrF` to b •cue riondefau_ti,r.g party, the nondefaulting party at its ,•: R option mry Institute are action for specific performance of the teYma of this Agreement. G. ( §-L16] Reentry and Revesting of Title in the Agercy After the Conveyance The Agency has the additional right, at its option, to reenter ::nd take possession of the Site, with all improvements thereon, ,•-1i] terminate and revest in the Agency the estate 1 1 } <; conveyed to the Developer if after conveyance of title and iinr to the issuance of the Certificate of Completion, the ?,41 ,• ;,� Developer (or its successors :n interest) shall : s 1 . Fail to start the construction of the Developer + ' Improvements as required bl this Agreement for a ;� , ^f; , `s •�. f, ;' period of forty-five 45 days after service o! �-. F Y ( ) Y lt� '� � , written notice therecf from the Agency; or /f r:la 2 �� i �, a • !a lr 2 . Abandon or substantial) rus end construction of Y P � ,r;��;,,�,r the Developer Imp�•oiements rewired by this ,7A r, •'• ;,� / , -•'�., Agreement for a per od of fou -tran ( 14) J , „�� •, ,,;,t!'..; '' �t continuous days after writte:i noti . s thereof from the. Agency; or ki t yF( 07-21-87 �0'" 1'' 1 ;ti. 493:k,/2460/22 -34- •+ ^� �'!, �pf ��.,�, --•.�- � �-•s...r..rwa Yr.a..nws.sry+'..-...a�M^Z; ...ctl.:n.i;:�nursf:- �..-.: rrtr>,nu�+r..wanca'RN►L�7iA +� f{ 1 g� R Y N q} I. Y h -Y - �, '.i�r'y+p,,4 l s,'• t P f.gyp {r{�:•, yr;; / aps a e• ' i I � r ry ,r1�4 S i , �fllnA�w-_..._..--�•ri�.LMr ..•.►.r...�.� •..........,_..—...�.....�_..«..i�wd• -. a. a•r _ :x�,Y!f1 rye. . • " ,,' f i4 i .•hL '• •'� Fin�' �� ♦. 3 . Transfer or suffer any involuntary transfer of IF the Site or any part thereof in violation of this :�zp� � �M � 2` j r, Agreement. Such right to reenter, terminate and reveet shall he . subject to and be limited by and shall not defeat-, render 1 �' invalid or limit. 1 . Any mortgage or deed of trust permitted by this Agreement; ot` a r 2 . Any rights or interests provided in thib s} Agreement for the protection of the holders of such wortgares or deed of trust. The rights established in this Soiction 616 shall not Y° apply to individual parts or pnrcels of the Site on which the improvements to be constructed thereon have been completed in ! accordance with the Agreement and for which a Certificate of Completion has been recorded therefor as provided in Section 322 . The Gant D=ed (Attachment No. 4) shall contain appropriate reference and provision to give effect to the i Agency's right as act forth .in this Section 616, under = ) ;t specified circumstances prior to recordation of the Certificate •''x, ' of Comple:ticn, to reenter and ta)'e poseassion of the Site, with all improvements thereon, and to terminate and revest in the !, Agency the estate conveyed to the Developer. The Developer . agrens to execute, at the request of the Agency, Any and all documents necessary or coiivenisnt to the revesting of title to the Site or any portion thereof in the Agency. ' v 17mon thw reverting in the Agency of titls to the Site ` as provided in this Secci .-n 616, the Agency shall, pursuant to ��• its responsibilities under state law, use its best efforts to ri• resewl the Site as noon and 1n such manner as the Agency shall find fetisible , nd consistent with trn objectives of such law and of the Red'evelopinent Plan, as it may be ascended, to a � qualified end responsil-le pasty or parties (a% determined by the A/-i•n%.y) who will assume the obligation or making or completing the Developer Improvements, or such tether improvements in `.heir stead as shall iaw satisfactory to the '•y Agency and in accordance with the uses apecifle:d for such Site or part: thereof, in the Redevelopment Plan. Upou such resale of -� h �.•:,4 �` �; r ,,.. the SJ t;e, the procoeds thereof shall be applied: 1 . First, to reimburse the Agency, on its own behalf or on behalf of the City, for all costs and expenses incurred by the Ayoncy, including, but not limited to, any expenditures, by the Agency or 07-21-87 gw'JF t 1 t ;?t' 4833k/2460/22 -35- ..try', �i,r.J Y"I,'YI' w...�.r«+......��-- r�—..... ...�..,..-�._-.......� __ �-��...--..�� .....-..r......,... "� i: � '• ``, d ��,/�' s � •, 't.. , ! '• �'•� r r. :i anti. i s:� ,.f f`' rY A 1.`Y }�,, r , .• _-. .1/�_ �` ,,}�tit S 1'��:i.1 tSJ�11. �{Lai,, e Ii . .. -.I '„ ' ��,�• } of�� tOf" r, 11 ,] e ,' `'4• £ ` X�, ' •.' i fit„ .N. n a rr ea Sr+ � 1si� (1 (• �� ' i� Ti yf:y i��ii <t •,"�� 5 `r�}.a a(+I,S •+ 1 '1 � ; (1, -, ' ` l �1 1T a�j1:' ^ L J.>✓1 t �ri, t + •�1 , ty `, ,l �r rill �' "v ''j .4 rrr i r , i', -�\ r•.f�a 6 y r" WW rat �% . • -ray�, '"�` � . �, r3 the City in connection with the recapture, management n-nd Leaale of the Site or part thereof rr ,�f►�' �` (but le93 any income derived by the Agency from the Site or part thereof in connection with such management) ; all taxes, assessments and water or newer c hn:ges with respect to the Site or part thereof which the Developer has not paid (or, in i�2 the Event the Site is exempt tram taxation. ov 1.F '� ' ` � ice-^ • assessment or such charges during the Period of yI ownership thereof by the Agency, an umount, if paid, equal to such taxes, assessmeits, or t,, r charges as w.•.t7.d have been Payable if the Site 1 '' ° >: �'•i ,d r "� ' *y " ,� were not so exempt) ; any payments inede or necessary to be made to ct;echurge any encumbrances ^r liens existing on the Site orL 7- part thereof at the time of revesting of title z 'S " thereto in the Aganey, or to discharge or prevent ��; ° '��, �R '�,• =i from Attaching or being made any subsequent < x encumbrances or liens due to obligations, i' default& or acts of the Developer, itn succeaeors ` or tninefereess any expenditures made or ?k,' t? �,•,.' obliCations incurrad with respect to the making or, completion of tha improv?mpnts or any pars: thereof on the Site,. or Fart thereof; and any amounts otherwise owing the Agency, the Developer .� ,. and its successor or transferee; and 2 . Second, to reimburse the Developer, its successor Y or transferee, up to the amount equal to the sum of (a) the Purche ee Price paid to the Agency by ' the Developer for the Site, (b) the Poem incurred for the development of the Site and for 1 1 55 :•, , ,'c, the improve ments existing on the Site at the time 1; ;6,! �,' „{' of *he reentry and repossession, leas (c) any ' gains or income withdrawn or made by the V Developer from thli Site or the improvem4s.te thereon. .«fir' 5 ":.�';' Any balance ramaininc after such xeimbc,rsements shall be retained t-y the Agency as its property. The rights established in this Section 616 are to be ^� `'0; wwYf interpreted in light of the faint that the Agency W.11 convey the Site to the Developer for development, and not for , M x •�-. ��, �►,�'" speculation in undeveloped land. T. •a5 ,1. T {r� ''.S.YF�ylS'`,a 1 a 4833k/2460/22 -3G- ii44 a tt avc�rrfa o Wbiwwr7MwFPiro#Amr, ,�- `i. +/v FT'" 4 'I' A =i •� .. 1 Ir,.(�. f� rr r J,. filr u.,ir• 11rr 1 , _ 'F�•� { f r 5 .. ./ 5• r rr5 n 5.'�,:5� 1 r`ti. • 1 i`�1'` N ,r � 1 f. 1.. �• .1 5 'r.• t �+5,/7T°0 "t 1 °, �Lk5tY5)�,{r, ,/I ` ,,. ' t ... =1. 5 ' f , °:� ` r{� I�+Yq 1 li M••1 �i YJ 7�5f1' K r'� ".( , °.` 35 •, + ,�r, y),"lr �^ ,1 1 y 4+. ,5 r -I,1 . f' - �'\ •i r nil•° tT 2 , ,A J ,-, t• 1 �a. • '` ..J I` 7.�4'1'i.J+�'1-1''.�bc,t.h�•�Iiw:S'L1►v1u1..✓ ►r.•.Hr.:Y"i:2y+'t-A/;t:- '.l. ,1 y �y +'.' .Zr.•._.rJ>;. r VII . 1 ;700 SPECIAL PROVISIONS � 1 Ir A. ! 17021 Submission of Documents to the Agency for t 1 , r, t Approval. Whenever this Agruement requireL, the Developer to submit plane, drawings or other documents to the Agency for rj ,• approval, Which Shall be deemed approved if not acted on by the Agency within the specified time, nalid plana, 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 olthin the stated time. If no time period ib 71 Specified herein for ouch Agency action, the Developer may ' • `.'-1 submit a letter requiring Agency approval or rejection o•f r� ` ,„�•-' : " documents wi'.:hin thirty 30 days after submission to the tti� { Agency cr such documents shall be deemed approved. c B. 1 §702 J [ cRetseryed) `'., ' c • ,S# w C. i-103 §Reserved . D. 1 §7C4 j ( §Reserved) E. [ §705 j Real Estates Commission Each of the kggncy and the Devulc�per represents to the other party that it has not engaged the services of any finder or broker and that it is not liable A:or any real estate ' commissions, broker' s fees, or finder' s fees which may accrue ' by means of the acquisition of the Site, ane' r4gireas to hold harmless the other party from Such commisf3ionA or fes8 as are alleged to be due from the party making such representations . F. 1 §7061 Successors In Interest The terms, covenants, conditions and restrictions of � ` this Agreement shall extend to and shall be hinding upon. and ` + i,. r ,j inure to the benefit of the heirs, executors, administrators, sucvassors and casinns of the Developer. � J Upon the termination of the restrictions imposed by '► � Section 108 of this Agreement, which terminate upon the :k1Y f.ssuence by the Agency of a Certificate of Completion for the entire Site, all of the terms, covenants, conditions and ;;�': M' '` )•, restrictions of this Agreement which do not terminate upon the k s' issuance h ' the Agency of the Certificate o£ Completion for the + Y 9 Y P constitute term entire Site shall be deemed to be, and shall r, covenants, conditions and restrictions running with the land. 41y'�r�� 1 •�r� }; ,e �i� nti 41. ' •� .� � 1 ; "Y {e' trf{. tin yf 1'. �' t1.rr 4 ! lhd ' art , 07-21-67 4833k/24GO/22 -37- �'.. I �j",, r rtl;"1 1 1')4 r ,r;l �'l• 'kj ,t = �wwwns++.�.......,....�....+�-..Z+.— -ftwKaysnx , r r " �,• V.AF4y�J[S +1. . . . . +1. ,,If� �';•, ;'t4 r`r>��r� ' '�, 1 P,I,f�'t/',last J � ) ' ., J:.. � .r'I•i.�. r "My'I � 'r 1 �,. r r t i 3 •.'t e1• + ` , t 't. Ir - r !,•)� 't i ''Q 1 Jtr.,�1(yr 1 ,;1 tt r r, , A t . 1 rt _ -; :, -_-"lcrdi'1KMI1W�ra..a.-r ._._. .._ ..._.....__..�..._�.r......� .,...�..rr.�....r�.aJ..--.r.....• ..r,a:� ;��t1 r pL" rlr, A , ' t1r 1 -, 11' '�• Jet , ti �•' li' I: t ��` G. ( §707 1 Recordation It is hereby agreed and understood by the Agency and rR the Developer that the "Memorandum of Agreement, " which is 1 attached hereto as attachment No. 7 and is incorpordted herein by reference, shall be recorded in the Office of the County Recorder of the County of Orunge immediately upon execution of this Agreement by both parties hereto, or at such other time as r' may be designated by the Agency. i z� H. ( §7081 Amendments to this Agreement Developer, the City and Agency agree to mutually - I consider reasonable requosts for amendments to this Agreement "p1"s ,, '+1, . which may be made by lending institutions, or Agency' s counsel or f:nsancial consultants, provided said requests are consistent - with this AgrLament and would not subr tantially alter the basic ' business terms included herein. ►, , b { r+ Ir ` VIII . 168001 ENTIRE AGREEMENT, WAIVERS r , w �r r rhi s Agreement is executed in threes (3 ) duplicate originals, each of which is deemed to be an originfa) . This Agreement includes pages 1 through 39 and Attac:hmonrs 1 through 7, which constitutes the entire understanding and agreement of the parties ,,. ' This Agreement integrates all of the terms and conditions ' mentioned herein or incideneal hereto, and supersedes all t negotiations or ;-revious agreements between the parties or their predecesonrs in inte_'est with respect to all or any parr ,�;-.•�;•� '• . '' of the subject matter hereof. I, l! * ` All waivers of the provisions of this Agreement must be in ,;:•iting by the appropriate authorities of the Agency and the Developer, and all amendments hereto must be in writing by Llie appropriate authorities of the Agency and the Developer. , In r-ny circumstance a:ie3re under this; P.greement either party "Nil t is required to approve or disapprove any matter, approval sh,All r'"'•3 not be unreasonably withheld. IX. 1 §900) TIME FOR ACCEPTANCE OF AGREEKENT BY AGENCY 1�' �'., „ ,. •ram'_. .I t This Agreemlent, when executed by tha Developer and delivered to the Agency, must be authorized, executed and delivered by the Agency on or before thirty (30% days after ; r� ;"ail AT. ►'<< ;' - signing and Gelivery of this Agreement by Developer or this Agreement shall be: void, except to the extent that the Developer shop consent in writing to a further extension of 1 k' �• d I� ,i 4arr1, 07-'21-87 4833ki 2460/22 -38- Aj �' �.�,�1,'i:.TA�'jt':TwM'!lut... ,•�^rails....-.•r-......Mr......�r�•...n.�.rw+..r....-,��+.�....�. ., .. w•tr.f1Y^A �• .. ,yl'- A' `ice. La yr 1' r , - If,! '�i• �• - :. -'Li ry' I = � � ��. , ' 1, _ •r,� • , ` � 4 y t• + •I �,.�r f+ ! J�� 1. 1 � 1 � -�� r � ( i Q, � t, I a t.)�1�s J''• (r.' I .. N,r ' I - I• ,_ ` � �r '1��J i n+..l r', + 1,061 �/ '' I• ',ice l`ry�"'' �;•�'!� 4 T '• ray ' j''+, '1\i•� �r�, ' it , 1 i ! .. .'`'+ /',. i��:�"" '. i - r �+t r.�+e'1•r fl IX ,l. time for the authorization, execution and delivery of this T Agreement. The date of this Agreement rh>all be the date when it shall have been signed by the Agency. _ ,�53. ,.�.r,l r '.1 a r�� 1 •w, t IN WITNESS WHEREOF, the Agency, the City and the Developer have i signed this Agreement as of the date set forth below. July 20, 1987 HT TINGTO EACH R EV IMENT 'AG GY Ia. 17 I B. 5+ Cha rman RK1, . 5, e� ATTEST: WMA M. WENTWORTH CITY CLEhq a. &.4..7 a CITY O U . I TON r , i. AL1CIA M. WENTWORAIOTY CLERK ATTEST.' . 8 PIa o • r�' hn ti r City Clerk -H•� \.. �� APPROVED AS TO FORM: I TIATED ANJ APPROVED AS TO .�', " ,� lr,:,,• , t/'J ',' �- NTEN c y �} a Agency Special Coun ep t City Administrator/ " ,. NFA Redevelopmentri , .. + REVIEWED AND APPROVED APPROV • � AS TO FORM: y •:. t f1 a ;�I r � ��=r� � •i � City At rney City Administrat r/ Executive Director tJ0 ,) r•' �' �' �. Agency A t ey 1� �• I�ys :7'+� yrF 41.". ' i c17-2' -87 { y! 4833k "2460/22 -39- ,x' pp� ' '•al f , �'. ` .T�l 1�0 '� ';` + .i• ' Irk.. �a! '' :} ° ti�3rl+ii.aT¢�Tai►'•1 t•L»rxn..c.+ ... ....-. .�nr. • M n,t.1 i,Y � ,,, .• f P. ,14j 01 )),`"l�'� 1 T� •.,• •I.• � f 1. ' `t r�• i"�'• .;s< +'- �� y ,�f 1,. r ,► IN lw - If 01 Sk If Now ♦ , . \ w w -fit_ , \ r c��I /� -'` •. 4' i � _ 4 t � aW/'j!r�7�4a�t�•k1 � ~ • r - l 1• I / 1 ;i; . tip! r - �*.?�-1�'4��-Y,• y � - 1. j�: t li i + ^' r •tr i' e.�: .. •`�'(r• '.. -.', 1`.1.. '.. '.•. f.re'J!i�l�1 ,:��"-' ��... .�.:.�[ .� _.r�tr_.. �.'is��41. �.�1�� i...: 1' ,Y�,, ��" a r �;.y�u��s,, i'�. sl to � 1 . . __ ._ - � !►��'`,' . STATE OF CALI20RNIA ' COMITY OF ORANGE ) On ` 1PS7, before me, the undersigned Notary Public i and for s�aid State, personally appeared 1M�c4.4�1 "I oc�cA personally known to me, oZ u ' rM proved to the on the basis of satisfactory evidence , to be the , General Partner of REDONDO-KOVACS PARTNEKS), a California limited partnership, the litnitf-d partnership that executed the i = within instrument, and arkni)wledged to me that REDONDO-'XOVACS f9 PART:'ERS executed it . WITNESS trey hand and official seal . to + pbFtclAL 51�J. f1�J �-1'`1 �J ,V�`�► `'� SIEVEN II.SUNStiltti t NOTABOVEuc• Notary Public x , Sr.�i'•'/ M/Ce.ee.Go,rer l.n I ,It C...1 .I ,rrf'IN! �' •;,' STAVE OF CALIFORt�IA ,. COUNTY OF ORANGE }rt,; OI. July 22 , 19B7, before me, the undersigned Notary Public in and for said State, personally appeared ' ,a ' Richard E. BouraRton personally known to me, or Y;, proved to me c,a the basis of satisfactory evidence, to be the a r r r General Partner of REL,ONDO-KOVACS PARTNERS, a California limited partnership, the limited partnership that executed the `' `a"�`.� a; 1 � : within snst_•ument, and acknowledged to me that REDONDO-KOVACS PARTNERS executed it. WITNESS my hand and official seal.` ., , W'FIC . NOV$MIBUp VMm t/ r'ra /Tj •'�� j ',�Jbiri'' PAINOPAI OFFMyN F f: )• �� `1 � ��1 +_. I IJ ..►.r.r+w .MrCNIm i"MMy/I JIM '* ''apt , ia4 • .jr • � �+R rr' t - �* - rr.r+wept.•,pia••.w•w...w...rarnrr.w....rr•r wily!r.t.'+.1a.N'�Ir. .nrr.ww—.•w.wv..+«n.-.rat1RW.$rFi7. ,i i ,,; I- +i 1 i�� y I y X ,•..-I ,. �t :,1 ./, 1 .. ',1 r i�1'fyl + ';J ,,) dill u 1 r 13• -• r+.. :.• t 'i• r fir. it . }y� 1 "'i'� . fir a l' 'i r S, .1• ` t• .. 1 ' ,r' �. 1 h I pL'1I�-Ft .1 1l i, 'IL t • P • • • r ' r •• . . •� ir it I Y ov♦ • � I h •~ �' �, • ;• off, ' i MM ` • • • � is�i �//��. � .� - _ • _ , • J i7 4r '. VP 7 yt r fl f• • '♦ t • Arm` � � '�fr1�M� ry,. r .Iyio- L �Y•,. {. •'�. - y' '� �T�.+fY. pt yJ - w�,• :- `" � _ \ ,..1 M",r��rt 11' 7 �l `yry(; •#-•�, ,•'t Y•.♦W�yL�J^�. _ • * . e v1 s 1 • a � � T AV V • • !, • `4, I 43 fa 1 r.. i �.. .tt r _ i , r;•it. :i- rr. 3J;l , .?M 4r l ttt, •1 _•�'' t .. 1 4 • , } A u-1-•4�.- Jar\ ,�,:� 1�,�♦1 i `♦r� r •�. � ¢., 'SPA .-1*- � �'c, � =•; • A y 71 ' ' 11 r 1 " • r F, • 1 r ��. . � ATTACFiMFIrI' N0, 1 ?► ZOIr.�� L.. DM 39 t SECTIONAL DISTRICT MA ° 3505-1 I .,. 1 ', mil 111 was111i a qn ... t•.f 1. �• NOW X on heal 101•f1f I Nf y Mr1 11/1 k�q I Ir• t to H MIto 0 1".Wino wr -CIT OF all rt Iil!< are =1 s n-& asul 1 ; � � or,rwrr sH4N r•wf+ ' ' H•lgNTINGTON' BEACH .� ..�.,� w ORANGE COUNTY, CALIFORNIA t am "'+"^�'"" """ i ,i,. ':r � , .t4.1•f114r..•f11-Y IMf1• - - �� 'r7l r.w rNc+..v.r+.• ,'• - nix11'. �__^" �' '. I �_------- ^� �— a to �r''��° • Y v MI•CD •, I 1' '�r MI-A �,r r ►CR r� � � :a. ��• 1 � :V J; ..� r 144•9A RY`{R ri (i 1 CF-R MI-CD M I-A h4!!11 IqlIS I MI-CD T" _ RI M I w C 2 �t' RA-0-CD �_ Ri4. . ,y Cr-C wl ••�� RI RI �titi•� i1! R Ra Fi hl hl is MI-CD MI RI ht 1 itsi� .t 4. - •% C2 KIM RA-0-CD t R. .. Rb � M2-0 I !_O i i R3 Rall Z LEI• ��+.e 1R 1 '��i' r ,t .. amp )p 1 { ` ■ .J fr 7 r �. r 111.0•CO FICA PLAN I 7I NA ;' 1f• '7 t , I{ MI•01 M nit PitR y ,•r ;+ 1pLr. IYI• rJr f 1,', 1 RS + ► 11..11.. ,�� rya {fit t Niq w R2 R2 0 1 ar Rr R 6 R0� x a>� y,- 1 J Avg RAO ^ny }1 f � l „ r�,•y�,. 1��' Ci +f7s..w.••.-^• _.... r'---•- -..w..- .. -. .e.%r.^.......«'.r.rs.•rn•Allw!'n^�'�.t^w I77•r:'M1-•!1Mi!•:t�kl'K'TJQ.rI•X I � r t/.ray', r, s r�1� ,ry) . 7 ,,.. �ei •�. 11 - 1 - - I ''�,1 f + r'{,��j, �• is +r'�� 1 �,�- �gl'J��r'f l.) j1`'' '` •,. _ � - ,f .. t �lt� , R I��+ ��,�J � �t� ov i. r•� ,;Y1 'W o +, r ` , •I;� t, ��EI 1 +r. ��. 1 :1 I r 1N� �.1 Jr+;l.��+��I` � 1 f J 1h+rr i r ,. J, 1'•Ir r ` �� ,' / '♦, - '� b� � ` r `' ,� ,•• r � �i/ -'� , '4 ♦• • J• .• ' 1 '� ,J'r'` �; '. Ly .F;[, • • +�••J ` �, ' '._ /.• .••` ll�v . � '•• ��t. f a_.♦ - - v - - • ' � , � 1• ' ��- 'H' J � .� •T -,� r �•1.� ♦ �y�t • '.., '� ' f+• � y, ,. � r I • R • c • r r ,Ir `11 ,' Y ♦, • - - � 1��.if ' ra ��•MI l '1 .. •.ice 1x,.• � A-: a'/� r y�y 1 41,19MMMI,RPM ' r, r A 1 . ' • rqw-46 eft f' 1x. • - •• k'' fir. + +• ''l.'' , 7 • • �• r'' `': � • r J - i •s.• i• r wn ;1•, �''�� a. • .\, ... - �of}'•i C' 1 ` . - 1 { 10 i. �•. : 02 I FP ti• � �x r' , r• ,� - j ♦ .. - - •tip•' _ - r• .. IM � - -� ':� � .Y ;�� ' ' � , _ 4T ,i �•c r + + ' APIs IL .7, 1907 AGENCY STAFF ADVER"I SEE SECOND NOTICE OF JOINT PUBLIC NEARING OF AGENCY AND CITY COUNCIL UN DDA MAY !, 1.287 DEVELOPER NOTIFIES AGENCY OF OUTCOME OF w_ SOILS TESTS MAY A, 1907 AGENCY AND CITY COUNCIL CONDUCT J U I NT PUBLIC HEAW NG ON DDA t L�Pii AAI'1�OVEU) 1'.Y 5, l q67 DEVELOPER SUBMITS FOR ROUGH GPI%D I NG � PERM MAti 19, 1087 ROUGH GIZA,D I IJG PERH I T 1 C ED LY CITY TO 1 DEVELOPER t S"Lle i ECT i O DEVELOPER SUBMITTAL OF PLAN BY MAY 5, 1907 MAY 20, 1937 DEVELOPER PROVIDES AGENCY EVIDENCE O1= 1 LOAN Cf1MN ITTMEN'C MAY 22, 1967 ESCROW CLOSES r, J t. N,�, , ir IA '�^, }��, u,n � � �x; w �Via,•' r 4 P rj t 1.7 ft%, rr 1tl 1' r + 1' j . , r ti JI o r2� ATTACHMENT NO. ~� LEGAL DE:;CR I PT I ON" DISPOSITION AND DEVELOPMENT AGREEMENT BETUEEN � THE REDEVELOPMENT AGENCY CF THE CITY C.F HUNTINGTON BEACH AND BUURESTON DEVELOPMENT, INC. . DBA THE TALDERT—DEACH PARTNERSFi!I' t • THE SUBJECT PARCEL OF THIS DISPOSITION AND DEVELOPMENT AGREEMENT 15 MORE PAnT I CULARLY DESCRIBED AS FOLLOVS s LOT NO. 7 OF TENTAT! VE TRACT MAP t 1955, AS RLCORDED It, THE RECORDS OF THE COUNTY RECORDER OF ''NL COUNTY CF 0IIANG2. � It loom �� i7 r: 1•rS I' f F r t; • i � zW,�nh' ,r � ,a Arlr.rN •. ri'1 ,Y � rr 1' �� •I 'r Y^"n— . a,.ir! 'I T� ��1. 1 } 1� 1 r +ytMP4�T' 1x'• �Z'. !',.1 "j��ir,L.':RueR .......,r..._�___.,..... ...,_.�---"_......_-.._.._..._...�.........,.� ......,_.�._. ........ .. +...r....., .w _...., .. J6✓iTVt..stZl7.—�..:'�ij ' + `�.� �A!14,` � " •,+J '' �:r[�fq a1 76•i r f•l t `. 'r r i i,,,� c. ,Fr / rm� � it J, f it tf� f � x ' r, It I �1r4i ATTACHMENT NO. 9 ff;;HEDULF OF PERFORMANCE D l srns l T I ON AND DEVELOPMENT ACREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND REDONDO-KOVACS PARTNERS LTD. 1 REVISED 20 JULY 1007 ' r -------------------------------- ------------ JULY 20, IDS7 AGENCY APPPOVES REVISED DDA, ` INCORPORATING NEW ALIGNMENT OF RFDONDO CIRCLE AND REVISED DEVELOPMENT CONCEPT JULY 21, 1087 DEVELOPER COMMENCES NEGOT I A T I ON7 FOR i AQU 1 ST1 ON OF TRIANGULAR PARCEL: NECESSARY FOR STREET ALIGNMENT (MO DAY PERIOD ALLOVED) DEVELOPER COMMENCES DETA I L'FD S I TC PLAN, REVISED WORKING DRAWINGS, hND GRADING i PI 1%, DEVELOPER COMMENCES REVISION OF FINAL xTM TRACT MAP TO INCORPORATE NEW STREET ' S, ALIGNMENT AND NEW SPECIFIC PLAN OF STREET ALIGNNEN JULY al , 1907 DEVELOPER SUBMITS DETAILED SITE FLAN ( IF v` c ADDITIONAL VAR I ENCES REQUIRED, NEW ENTITLEMENT APPLICATION SUBMITT81)) ESCROW OPENS AUGUST 7, 1907 DEVELGPER SUBM I TS REVISED GRADING PLAN FOR PLAN CHECK AUGUST 14, 1967 GRADING PLAN RETURNED TO DEVELOPER FAR CORRECTIONS ( •`iiLr , �, ` ` AUGUST 10, i887 PLANN '..'iG COMMISSION CONSIDERS REVISED SPECIR1C PLAN OF STREET AL1GN"ENT AND ANY REQUIRED ADDITIONAL ENTITLEMENTS AUGUST 20, 1987 DEVELOPER INFORMS AGENCY OF 4UTCOME OF ' SOILS TESTING DEVELOPER SUBMITS REVISED DRAWINGS FOR PLAN CHECK M't,. 1+j11A, 1 1+ !, ifiirlRlt�z�'? �IrnB ilr�lE�I atl'iP iil u tnwarvom alfflimRwotIiIFnwliIFNIlRmomitla., irm?W*7p'rtlr '� •., ,,M ir. !� IM+",'If R...r -.. .._....,--_..--.•.-.,........ .......•,..+..._.v r.... ..r. .•-•_._..r... ..... .F r ti• lye � K� ( . 1• ' , . i DEVELOPER NEGOTIATION PERIOD FOR + TRIANGULAR PARCELS ENDS DEVELOPER REQUESTS AGENCY TO %CONS I DER EMMINEN7 DOMAIN FROCEFDINGL' AU0U9T 21 , 10d7 C"VELOPER SUBMITS CORRECTED GRADING PLAN 1 j AUGUST 24, iD07 SPECIAL CITY COUNCIL MELTING TO CONSIDER ' + REVISED FINAL TRACT MAP AUousr 20, 1UD7 GRADING PERMIT IGSUg:D , DI:Ilti'L•OPER SUBMITS PURCHASE: PRICE TO y f E3CROI1 AUGUST Si, 1987 FINIAL TRACT HAP RECORDED AT COUNTY USCROU CI,G.r S "fir•; +,r�`;T , Mve •.r��j r ter• . �a ,�' ��,. l4'd VZ:9T 1a` OZ Iof £6 MSD:LI ' ON 131. HDO38 NO1ONI1NnH A All: a,--n••• F'•'r I,R, 7 1 r 1 sAA rr 1.,Y ? r 1 1 l) M p: 1.1 ' }1 /f l r I -\COtJU'.LISED COPY I Not Co;llpnP-ud vrtth �'Zrir, EtZn+ Recorded at the request of r FIDELITY NATIONAL TITLE INS.CO. f .,ecording Requested ty t 8:00 aer 2 2 1987 A.M. When Recorded Returr to ani Pecmac Nnil Tax Fitate:rr.ents tot Olan10counly,CS1401fils C�',�L a 'Y +AnGI� Aecue4�t Redondo-Kovacs Partnerrs 3355 Via Lida, Stitt 2D5 1Jewport Dench, California 92663 Attention: !Michael D. Todd rEXEh1P C2 GRA14T DEAD For a valuable ccn:.idere.tion receint of vhich is hereby acPnowledgcd, a. The HUNTINGTON BEACH REDEVELUPHENT AGENCY, n public body, corporate and » politic, of the Stnte of California, herein called "Grantor" acting to carry out the Redevelopment plan, herein called "Redevelopment Plan" for the j �} Redevelopment Project for the Talbert-Reach Redavelnpmenc Project herein called "Project," under the Community Redevelopment Law of California , hereby ; grants to REDOIIDO-KOVACS PARTNEFS, a California limited partnership, herein called "Grantee," the real property heretnofter referred tr, as "Property," described ir: Exhibit A attached hereto and incorporr ' ed herein, ,ubject to the existing casements, restrictions and covenants of record described therein. 1. Grantor excepts and reserves from the conveyance herein described all interest of the Grantor in oil, gas , hydrocarbon substances and minerals of every kind and character lying more than 300 feet below the surface, tcgethnr with the right to drill into, through, and to use and occupy all parts of the Property lying more than 500 feet below the surface thereof for any and al?. purposes incidental to the exploration for and production of oil, gas, hydrocarbon substances or minerals from said s+te or other lands, but without, however, any right to use either the surface of the Property or any portion thereof within 500 feet of the surface for any purpose or purposes whatsoever. 2. 5a!d Property is conveyed in accordance with and su))3ect_ to the Redevelopment Plan --hich. was approved and adopted on September 20, 1982, by Ordinance No. 2577 of the City Council of the City of Huntington Beach and a -• Disposition and Development Agreement entered into between Grantor and Grantee dated as of. April 15, 1987 (the "DDA11) , a copy of which is on file with the Grantor at its offices as a public record and which is incnrporated herein by , reference. t 1 f 04/28/87 4833k/2460/22 Pagm !. of 7 1 e}}}/yyy�� V r y IL�' , • , T , 1 f( I r . i 3, The Grantee shall devote th;• Prcperty only to tnc development permitted and the uses specifier] in the applicable provisions of the Redevelopment Plan for the Project (or any amendments thereof approved { I pursuant to Paragraph 11 of chis Grant Deed) , and this Grant Pnz-d, whichever } document is more restrictive. 4. The Property is conveyed to Grantee at a purchase price, he:•ein called "Purchase: Price," det^ermined in accordance vith the uses permitted, Therefore, Grantee hereby covenants and agrees fur itself, its successors, its assigns, and every successor in interest to the Property that the Grantee , such succ`ssnr5 and such assigns, shall develop, maintaain, rend use the Property only as follows: (L) Grantee steal, develop the Property as required by the hDA, an-1 with parking conforming to the requi-ements of the Huntington Leach Municipal Code. i (b) Grantee shall maintain the improvements on the Property in Good -r-Aition and sha)1 keep :he Property free :rein any accumulation: of y '` f'• debris of waste materit�l,. Grantee shall also maintain the required landscaping in a healthy condition. Af, at any time, Grantee fails to maintain the said landscaping, and said condition is not cot-rectL-d after- expiracion of thirty (30) days from the date of written notice from the Grantor, either the Gi•arttor, or the Caty of Huntington Brach may perform the necessary maintenance and Grantee shall pay such costs is are reasonably incurred for such maintenance. (c) Grantee shall only sell, transfer or convey the Property us a whole (except for leases in the ordinary course of business) and is not permitted to subdivide the Property for the duration of the Redevelopment Platt without the prior approval of the Grantor, or the City of Huntington Beach if the Agency is no longer in existence at the date of request for approval. S. "Hor to recordation of a Certificate of Completion issued by �1 the Grantor for the improvements, required to he constructed on the Property by Grantee und.:r the DDA ("Developer Improvements") : . li (a) Except for leases of less than all of the Property in the ordinary course of business, the Grantee shall not make nny sale., transfer, conveyance, or assignment of the Property or any part thereof or any interest therein, without the prior written consent of the Grantor except as permitted by Paragraph 5(b) of tFis Grant Deed. This prohibition shall not he deeme:'. to prevent the granting of temporary or permanent easements or permits to .acilitate the development of the Property. In the evm.nt that the Grantee does sell, transfer, convey, or assign any part fif the P•upert:y, builditigs, nr structures thereon prior to the recordation of a tertificate of Completion, " the Grantor shall bt entitled to increase the Purchase Price paid by the Grantee by the amount that the consideration payable for such assignment or transfer is i1i escesn of the Purchase Price paid by the Grantee, plus the cost 1 04/28/87 4033k/2460/22 Page 2 of 7 i 4 AW ,J vl f ' �M1 ,r ® r ; •.r ' ' •�� • 1 1 ,r1 1 ' 7 ll;f rYrl{:.lr f 'rrr,'I. r 4 1] 4 r�. •4 4 of improvemen.:s, including carrying charges. The consideration payable for the assicnrnent nr transfer, to the extent it is in ...tcess of the amount so authorized, shall belong and be paid to the Grantor and until so paid the ` Grantor shall have a lien on the Property and any part involved for such amount, This prohibition shall not be deemed to prevent the gvAnting of `+ casements or permits to facilitate the de_velopmert of Property, :4 (b) The Grantee shall not place or suffer to t•e placed on the Property any lien or encumbrance other thnn mortgages , deed_-, of trust, of any other form of conveyance required for financing of the acqu' Iit.tor. of the ' Ptnherty, the construction of improvements un the Property, and any other expenditures necessary and appropriate to develop the Property. The Grantee shall not enter Ante any such conveyance for financing without prior %.ritten , approval of Grantor, which approval Grantor agrees to give if tiny such conveyance for financing In given to ;e responsible financial cr lending institution or other acceptable per:xn or entity and such lender shall be deemed approve:] unle,,s rejected in writing by Granter within fifteen (15) days ` after written notice thereof is received by Grantor. Granter agrees+ to br: � ,: '•� rensonable in its consideration of proposed financing. 14o approval will be given for a conveyance of the Property to financ-! the: construction. or E',';r�;•l °�, ;, .i y � improvetnentn on real property other than the real prep_rty describr.d in . Exhibit A he►•eto. 1 6. Prior to recordation of any Certificate of Compl-:lion .issued by Grantor for the Developer Improvem,,nts to b:: cons"ructed on the Propertys (a) The Grantor shall have the right at its option to reenter and take possession is the Property hereby conveyed with all improvements thereon and to terminate and revest in the Grantor the Property hereby conveyed to the Grantee if. the Grantee (or its successors in interest) nhall : G) Fail. to commence the construction of the Developer J Improvements as required by Paragraph a(a) of this ;! Grant Deed for a period of forty-five (t5) days after written notice thereof from the Grantor, provided that Grange shall not have obtained an extension or postponement to which Grantee may be entitled; or l , (ii) Abandon or substantially suspend construction of the Developer Improvements for n period of fourteen (14) days after written notice thereof from the Grantor, provided that Grantee shall not have obtained an { extension or postponement to which Grantee may be entitled; or i (iii) Transfer, or suffer an is.voluntary transfer of, tht ! Froparty, or any part thereof in violation of this Grant Deed, and such violation shall not lie cured r{ within 30 days after written demm.nd by Crantor to Grantee and all mortgagees to the Property. 04/28/87 4B33k/2460/22 Page 3 of 7 : 1, r { Ili , 1 L : , (b) The riLat of Grantor to reenter, repossess, terminate Arid revert shall bu subject. to and be limited by and shall not defeat, render invalid, or limits (i) Any mortgage or deed of trust or othr.r security interest perrnittc•d by Paragraph 5(b) of this Grant •r I Deed; or (ir) Noy rights or interests provided for the protection of the holders ot• such mor•tgziges or deed of trust or other Security intetests, i tr d I ��l (c) The right to reenter, repossess , terminate and revest with respect to the Property shall terminate whL-n the ;:Et-tif`.cafc of Completion regarding the Developer improvements to be constructed on the Property under � - Paragraph 4 has been r-corned by the Grantor. r (d) In the even► title to the Ptoperty or ary part thereof is revested in the Grantor as providtd in this Paragraph G, the Granter shall, pur3unnt to its responsiiilili tie,s under State lnw, use its best efforts to resell the Property or arr; pa, t thereof as soon and in such manner a- thii: Grrrtor sha71 find feasible ,end consistent with the objectives of such law and of the Redevelopment Plan ~•') a qualified party or parties (as determined by the Grantor) who will assr!M the. obligation of mnking or completing the improvements or such other improvements in their steud as shall be satisfactory to the Grantor and in accordance with the use, specifi I for such property or part thereof in the Redevelopment Plan. Upon sirch resale of the i Property the proceeds thereof shall be applied: ` '':.,� y iiLy i rir;t to reimburse th- Grantor, on its own behalf or ( ) on behalf of the City o. eiuntirigton Beach, for all costs and expenses incutr•ed by the Grantor, including but not limited to, salaries to personnel engaged in such action (but exuludirg Grantor's general overhead ' expense), in connection with the recapture, k�' ` management, and rest+l.e of the Property or part thereof " (but less any income derived by the Grantor from the c , r Property or part thereof in connection with such management); all taxes, assessments, and water and sewer charge:; with respect to the Property or part l�k i thereof (or, in the event the Property is exempt from taxation or assessment or such charges during the `f'f_' ' period of ownership thereof by the Grantor) , an amount, if paid, equal to such tares, assessments, or charges, as determined by the County assessing official, as would have been payal-.Lz if the Property were not so exempt; any payments made or necessary to bt made to discharge any encunbrances or liens >;, l; existing on the rroperty or part thereof at the ti.m^ i of revesting of title thereto in the Granter or to I' discharge or prevent fron attaching or being made ?:',y ! Y ;•d f ;t s 1' 4833k/2460/22 Page 4 of 7 1 1 r .�1r' ,, !'Q•j r:Yi..•fir. ...r..-_.�..� ..........�_. �tliPC.14T7.�LJ� 0. r � •'1 a 'f � �^ .V�' +''' f r i ,F �•I "144I, ;'. ...,. !e i subsequent encuabrances or liens due to obligations, defaults, or acts of the Grantee, its successors or trans(creest any empendituren made or obligations ' incurred with respect to the making or completion of the improvements or any pert thereof on the Property or part thereof; and any amounts otherwise owed to the Grantor b)' the Grantee and its s.lccessor or transferee; and (ii) Second, to reimburse the Grantee, ..ts t;uccessor of ' transferee, up to the emout,t equt.l z^ the sum of � . (1) the Purchase Price paid to the Grantor by the Grantee for the Property, (or allocable to the part j thereof) ; (2) the costs incurred for t•lle de%yelopilent of the Prcperty and for the improvements existia,a on the Propert_• At the time of reentry attd repossession, less (3) any ut+ins or incomr- withdrawn or ;nadc by the I Grantee frrin tar- Property or the improvements thereon. ;iii) Any bale.n.:e remaining after such reimbursements shawl be reVained by the Grantor. ;, �•' (e) To the extent that this right of reverter involves a ' forfeiture, it must be strictly interpreted against the Grantor. the part; for 1!hoso_ betlefit it is created, This, right is to ;-)e interpreted in light of the fact that the Grantor hereb,, 'onveys the Property to the Crantee fr7r development ,and not for speculation in undeveloped land. ! 7. The Grantee agrees for itself and any successor in interest not t to discriminate upon the basis of race , color, creed nr national origin in the sale, lease, or rental or in the u:ce ot• occupancy of the Property hereby ` conveyed or any part thereof. Grantee covenants by and for itself, ite successors, and assigns, and all persunc claiming and-r or through them that there shall be no discrimination against or segregation of, Any person of yroup of persons on account of race, color, creed, national origin or ancestry in the sale, lease, sOlease, transfer, use, occupancy, tenl;re, or enjoyment of the Property, nor shall the CrAntee itself or any person claiming under- or through it, establish at permit any such p.actice or practices of discrimination or segregation with reference to the selection. location, I n!tmber, use or occupancy of tenants, lessees, sub-tenants, sublessees, or 1 Al vandees in the Property. The foregoing covenants shall run with the land. 1' 8. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this; Grant Deed shall 1 defeat or render invalid or in any way impnir the lien or charge of any mortgage or deed of trust or security interest permitted by Paragraph 5(b) of this Grant Died; provided, however, that any subsequent owner of the Property j shall be b,,:end by such remaining covenants, conditions, restrictions, t, limitations and provisions, whether such owner's title was acquired by j foreclosure, deed in lieu of foreclosure, trustee 's sale or otherwise. 04/28/87 + - r 4833k/24Eb/22 rAge 5 of 7 4;' J °' x a 70 � ,IRS:" ,�""�•'JK : `; 9, All covenants r-ontsin,!d in this Grant Deed shall be covenants running with the land. The covenants contained in peragraphs 5 and 6 and IGranter' s obligation to construct the Developer Improvements o:, the Property ` provided in Paragraph 4(4) of this Grant Deco shall terminate and shall become null anS void upon recordation of a Certificate of Completion issued by Grantor for the Property. Grantee's obligation to maintain and use. the Developer improvements c�rnstructed as provided in Paragraph 4(a) shall continue in effect for a period of ten (10) years after the date of recordation of a Certificate of completion issued by Grantor, and stall terminate and be of no further force or efi^ct at the expiration cf said ten ; (10) year period. Lvery coven.+nt container; in this Grant Deed against discrimination contu.ned in Paragraph 7 of this Grant reed shall remain in perpetuity. 10. All covenants without regarl to technical classification or ' c:esignation sholl le binding fUr- the benL:.It of the Grantor, and -such f covenants shall run i:i favor of the Grantor for .he entire period during which Q such covenants shall be in force and effect, without regard tc whether the ;rantor is or remains an owner of any land or interest therein to which streh � • •; covenants relate. The Grantor, in Vic event of any breach c� any such ;, T•, covenants, shall have the right to exercise all the rights and remedies and to ' maintain any actions at law or suits in equity or other proper proceedings to enforr_e the curing of -.uch breach. ; 11. Both before cad after recordation of a Certificate of Completion, both Grantor•, its successors and assigne , and Grantee and the nuccessors and assigns of Grantee in and to all or any part of the fee title to the Property shall have the right to consent and agree to changes in, or tc eliminate in whole or in part, any of the covenants, :asenents or restrictions contained in this Grant Deed without the consen'. of any t:riant, lessee, Y~. easement holder, licenses, mortgagee, trustee, beneficiary under a deed of trust or any other person or entity `raving any interest less thr.n a fee in the Property. The covenants contained in this Grant Deed, without regard to technical t.:lcssification shall not benefit or be rtnforceabl,: by any owner of 73; any other real property within or outside the Project Area, or any person or �. entity having any interest in any other such realty. Any amendments to the Redevelopment Plan which change the uses or development permitted on the Properth, or otherwise change any of the restrictions or controls that apply to the Property, shall require Use written consent of Granter or the { taccessots and assigns of Grantee in and to all or any part of the fee title to the rroperty, but any such amendment shall not require the ccn.ent of any tenant, lessee, easement holier, licensee, mortgagee, trustee, beneficiary under a deed of trust or any other person or entity having any interest less r1 than a fee its the Property. 12. Except for Paragraph 6, the covenants contained in this Grant Deed shall be construed as covenants running with the land and not as i conditions vhich night result in forfeiture of title. ! r } 04/28/87 4833k/2460/22 Page 6 c f 7 i t.�+.,� , .. ; 'A. .. Y 70 n I 1 IN RUVESS '"'HEREOF, the Grantor and Grantee have caused this instrument to be executed on their behalf by their rn5pective officers ' - hereunto duly authorized, this day of �r 1111NT2' �M11 DE 'C I REDEV 0 P AGENCY � l -r- \�.�:i-rf. M. WENT nTN,C1 I REDOUDD-MrACS PARTNERS By: General Partner Gimeral F'artnex it ;,;, AN rr , r t+ t hity , 44 ,. i r .1 t•it•''�'�.In jl + r,!. U4128/87 n + ' 4833k/2460/22 Page T of 7 "�pl , 41 r ,� la :t� TY�y'�,I�,�/1�i,�� ,x:1 •.1 - -. : - � ,i. iVi�� '�'^{��f Id f�' ,•, ' i ' I ,J 11 , t 1 1 ' � Y STATE OF CALIFORNIA ) an. COUNTY OF ORANCE ) ) On this �7L�'�duy c,f, w� -fin the year 29137. before me, the undersir:.- 0. Notary u- blic in and for said State, }personal ly nppoared personally known to n}c, (ur proved Sfo me on the basis of satisfactory evidencb) to be the personswho executed this instrument ac the CHAIR AN of the HUNTJ�IGT�.?I BEAT j REDEVELOPMENT AGENCY�'cri��ackt�owl�c�ijgti tb �Ythat ��xecutac3 it on behu l f of the ilUN1 I NGTON BEACH f .DF'I ELOPM NT AGENCY. 1 Slgnature rf Notary Publ -.c i $b�f • I _ �,'4ary f'l�s-G�.�t�p i town:owuTy t I II fit, ••I 'err• I,; ,I ' 4 ISM , 1 1'. r n ii 1• , F 1/ , •ram .ti-� f -1 1 STATE OF CALIFORNIA ) COUNTY OF MANGE On f�1 Y' 11 �� ' + 1987, aei'are me?, the undersigned Notary Public in and for cnid State, personally Appeared i .�,Gt j 'J . �.d � peroonal '_y known to me, ov proved to me on the basis.• of satisfactory evidence, to be the General Partner oi: REDONDO-KOVACS PARTNERS, a California I limi•Ced partnership, the limited partnership that 0XCCuted the f within instrument, and acknowledged to me thhat REDONDO-1c"ONJACS + PARTNERS executed it. i I� WITNESS my hand {an.-i official {;eal. K11 sLl.�, S1El ISrul14L IR v,;V. ire`::•{,� Notary Public I •�.•: AyG•.a G. .Je. I7 IV[0 ` + STATE Or ChLIFORNIA ) COUNTY OF OItkNGE On Ap l- 1 1987, before me, the undersigned Notar%r Public in and for said State, personally appeared MI l,gr� . P personally known to me, or proved to me on ^.he basis of satisfactory evider.c3, to be the General Partner of REDONDO-KOVACS PARTNERS, a California limited partnership, the limited partnership that executed the within instrument, and acknowledged to me tha*: REDONDO.-KOVACS PARTNERS executed it. WITNESS my hand and official seal . ' STEVEN It.SONSHII! I Notary Public %VA1#5E C0U'4Tr .r�+o or.v+.vvc�a:+c rr a, r 1 fir} r 1 r {........ // r�r I��,f,,. � Jly Nk t•7 I 91�-Qy r it c � 1 1 mom ti LEGAL DESCRIPTION y�t��' ° ;r• 1 Being a Subdivision of that portion of Block n and the South haif of Block C of Truct No. 5i0 , recorded in boos 19, payo 71 of All scaI Ianoous Maps and a port ton of South Ito Ir of Ote East hair of the Northeast yuarier of tite Northwest quarter of tite Northeast Iluarter aj Sect tort 35, 7'ownsh11) 5 Sout!•r R.--nge 11 West , in tite Rancho Las BoInos flfap recorded to tool: 51 , page 7 of Ali sceIInneous Alaps , more par- ! Wr ^ tIcularIy described ns follows . tieginn +ny at the centerlInk! intersecticn of Taluert Avenue and hovacs Circle ; thence South 01) 4.1 ' 20 " East , 3i9. 71 jest altirtt1 tiro centerline of Kovacs Circle to the truo point of beginning; tftencn, North 89" 101 101' Enst , 167. 79 feet ; :hence South r1° 4`1 ' 1 .11' East , 2.25 . 00 feat ; t thence South .12 - 47 ' 05 " {Pest, 190. 0t1 feet; thence Sottth 600 201 101, r i 1 r• 11 1 3 {test , .,00 . 00 jaet ; thence 5attth 8�J� 1�7 of t4est , d.,0 . 00 feet ; thence North 0° 11 ' 2R " West , 4%9, G3 feet ; thence North A91 101 101' East , ' .742. 22 fee t to tits- tr+j.e point o f beg InnIng, f Ir TA44; d .Ili, I r r h lei Ir, 1 r� .,N +�bidr Tq -�r�rr• ,r �� 4 tti 1 fir`+ l It 1_ ,E l � .,. ... , . ..�_..._............,,._.�........ . ......__, _..._..• ,. . , ... ..-. _ ,. .�.�. .-, .. .. ... .r :r. . 14 �1�t1 �� 'RY' eyl y !1 ,ti �' 1 � +41. ;erg/�� Yr 1• l r •lYir � 2 1 y f ATTACHMENT 140� ti 1 SCOPE OF DEVr:LOPHENT " DISPOSITION AND DEVELOPMENT AGREr:HENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY U HUNT 1 NGTOU ;II±ACII I MM SOURESTON DEVELOPMENT, INC. , DRA THE AEDUNDO-MOVAC3 PARTNERSHIP i The Radondc-hovncx Pnrtnoreshap, A California Limited Partnorchlp � j (Tho Dsavelapar ), aCrups to provida AT ITS SOLE EXPENSE the w fol login= S aprovemaiito to the_ nubject mite identified in j Attanhment No. 1, haratra. 1 . An itiduttrisal bullding of approuimntely 125,000 square , ) feet with uppraxiwrately 813.000 square feut on the first A floor une approximately an additienAl 379000 square feat on ,� Al thn eacond floor . Approx lo,ete ly 10, 000 square (stet the i iprovurrcnt s wi 1 1 be constructed in a manner s ui tab l m Par tine au off ice space. Thu improvements wi 1 i provide approxintrt0y 220 parking spaces on mite, will be of type V-N C%,nstructton Land wi 1 1 Include automatic fire ; , � uprinklurn. The improvemmnts will provide landreaped open ops,14e area■ in conformance with londscaps plans to be approved by the City of Huntington Beach. All $uch Improvemer.to wi 1 l be a�jnsitructed in eon?ormanoo with the crnditions of sapprovol set rort?, by the commisvione, bcardo, crunc•i . . or other diecrotiotiary bodies of the 'City oa Huntington Beach. 2. The Davelopa: ui11 provide street improvements on Kovsac Circlo from Talbmrt Avenue to tho site. Street aAtid street lendooape improvements an Kovacs Circle will be dam Igned to Dopa:tment of ?Iublio Works standards wi ;.hin a forty- five (Auer, ?mot sight•-oY-way. + S. The hsavelop:)r will pravida c% r•oviaad alto plats naurnodating tho approved a<lignshvni eat R-•;came Circle r}!rcuah the nit& (sae+ shown in tha attached Exhibit i ,, • ^Concuptual Situ Flan" attached hereto) in accardance with the st.sandNrd plans of the Dapartment of Public Works of the ;fir city of Huntington Beach and will eor,striaot these 1b !•ovamQr,tsa without thn financial assistance of the City or the AGanoy. A. Thn Devoiapor ui 1 ? provide any and a•1 1 utility , oxtentiorla that any be necessary to wervicu the Subject ��' mite with umter, clactrlcie , sanittzry oewar, telo hone natural gas, cable to:avintoh, store, newer, or many cthor # u!ility that may ba roquirod to serve the intended usa of the isept•avnsasanta . G. Grading plans ahmll be prsparod and oubmittod tea the ,7� 1 Pubs ic: Worko Dnpartmont for approval . �Y( .'• , , ' rye. S S":9T 18' 4% i of 169b M71' T ' ON 131 HOV3E NOIDNI1NOH JO ALI ` w nYy li 7 j r "1• r , 1 4 �w• 1 f x pl i f _ J •r , •Y � f f • 1- t .'�•�Srt ♦x A', .{% •, ��'•1, ' Y �W' 'i°"r•� �7 i, '•�I':�►� is r a ,. ;y l0k h� 1. , ,-�•. •� -fr .�.•ti f_ � r i:••.4-- : : 1 1 L _ - • 1 �p• ' •,.r � � ti� ��yr n �, �: .+ ' - r - r ~�"-- ; ' � _ / � , • .. _ , gyp •.Y;.Yy' i i - it � - e a� - -iC Vc•4. - W is r 2 •�r• �: -J / i 41 Jr.OFA ot .. -4hT - •'1 N r `•�♦�.. 0 Ate- T—" i`�+ .d<C` S1 S ' , •1. � 1 4+ p + • J r 7 r , �• l silt k� �l!!l1KLrc':::1,<!•ltlxri::z z,.r:,,;;r;. .;•t-:-:�ti:nrirnin^rc.ar.-sn�:.a:-:..:.rs.+..":✓+nsrvn,rY.v:r.�r....v.•�cr.-rs^ur�. � r.. i w.M•l1 t 1 • !• ..• ��{ •' _ lr~�w �� STATMTCJU.OLli MAY • • OMM..w•v I.TJKS•I.7r>QC►rR';XRT j. • • � .• /w_L./y� i' •� • ttKtp 11.26019 40meof Old POW •.•� .•"•�~ r I i yet". NTAq%pf. Rim too { i•'. • I,•' B'r ,r ', i I4rdow."OWA Wa wwit+A � � � � � tnmst:•tN rnacvo siam+ar. � ' t:�7ttTttl�tTL1f1 T►tf one"DOWN tlftAtfi7•' `\1 ` ' % A' �' •r i • wr •.••ram••. wrM crpcm w.•WA •N rMol"40 ; / • •� ! :} tF1of "U,.V f r. {Ncti7 l+YiitRCi it w r,• // te1tallom Dam 7/ ty0tt tifum w% t133w t'y ' I j_. � �• T� `� /� •� �', � .fOfAL ttl/�a11 �0 tta l -.r.t `;• r f�ORas•aa�r• t4t'`Tt1lt nzwSr I� faOrfffMl can If ttAAtit7lnfOr O A t lic gna er Odwo %F wa,tcnt rbf Too fo Mutettt wit? t pACd?OLD af. • .r �_.�.�� . .M tA�tiUtrtRt A�?t��Q •.t��0 ha*iT".�tem Ewa�i r .00 - { X" � :'•� ,�:I'�'� �'. .•tee a+irr •r•a ' �r� • S •' `. 3 t '` • .w. * RQ/Wa/SAf 11"9P. fwllTlf,^•:� • � avJrffQf tip tANf fit. /bit10 V. A+�M��i` � i• �� •" a/rittRNa lip W. t i t e V f rtASol—'l , .. w 1 •.r•r�r..r nwiw..n. o++..+..r..r.r t 1 - sw n►� tw aorra m,>Ap lei. GO PWAL c r s7wv Nrt�ftNfita� a�tLM. LAIIt+ftRartlTHEVL l 1 ISM ...• f r�; ','.,' .. `- 4 ,1 rr; r ATTACHIdENT NO. 6 Recording Requested by: When Recorded Return to and Mail Tax Statements to: Redondo-Kovacs Partner© (Address ) „i%,! ,,. yy , 1 1 CERTIFICATE OF COMPLE,rION FOR CONSTRUCTION AND DEVELOPMENT k WHEREAS, by Grant Deed dated and t 's recorded on as NO. of the official recordfa of the County Recorder of the County of Orange, California, the Huntington Beach Redevelopment Agency, n public body, corporate and politic ( "Agency" ) conveyed to Redondo-Kovach Partners, a California limited partnership ("Developer" ) , certain real property situated in the City of Huntington Beach, California, described on Exhibit "1" attached hereto and made a part hereof; and 14l WHEREAS, as referenced in said Grant Da+ed, the Agency shall furnish the Developer with a Certificate of Completion upon completion of construction and development, which certificate ohall. be in such form as to permit it to be recorded in the Recorder' s Office of Orange County; and WHEREAS, such certificate shall be concluclve determination of s3atiefc4Cory completion of the cotstruction and development required by the C , rant Deed; and WHEREAS, the Agency has conclusively determined that the r g `�` '�!., a`' construction and development on the above dnocribed real property required by the Grant Deed has bee:i satisfactorily completed; and WHEREAS, Paragraph 6 of the aforementioned Grant Deed centaina a condition subsequent providing for reverting in event of violation of the provisions set out in said Deed after R" conveyance and prior to recordation of the Certificate of Completion: 04/28/87 Attachment No. 6 48331t/2460/22 Page I of 2 + ' ' a '}go- + J ry�li lF„4 rl',r.,/ '. ,.. I I Gin'►-i ....++.�..._.-.........._._.._._. ... ., _... _.... .. .._..__... __. .._ ...._;...___. __.__•_ _.-__. ._..__. . _-___�..—.-..a. .s.. '.i•1.�',i !�(� ttrry`r�1+ r ` L " R°.1 •yh n•' r,y J ', r•, i r 'i w r 9 ' ' � .-•t.a�.•.....w+wr.lr•�4rr. Jr� hrrn� 14 ,�;• i NOW THEREFORE, the Agency hereby finds and detorminee as �A ` follows: 1 . As provided in said Giant Deed, the Agency doea hereby j I certify that the wunBtructior and development has been fully and satisfactorily performed and coujaletnd. 2. The condition suhsequent contained in paragraph h of they Grant Deed has been fully and natisfncLorily performed and Ir . a is of no farther force or effect by reason thereof, ' w R 't 3. Nothing contained in thin instrument shul). modify in any other way any other provisions of said Deed. �. ' w"�k A: IN WITNESS WHEREOF, they Agency has executed thI e3 t3 certificate this day of 19 HUNTINGTON BEACH REDEVELOPMENT AGENCY r t By: it Chairman NE ATTEST: t► r,;r�'_. Its' ;;rsY r Secretary { �M , 1 V !r Cir' •f 1 M1 4 � r .t '7 h A '•'r 04/28/97 Attachment No. G « ' 4833}t/2460/22 Page 2 of 2 ! ,•.r' F . 4 ? r 1i "++�lr!'e"'r:P,�•af>Maa::..X Ir It;, V$' 1t r. .:r: ... . ,...., ..........,.......T_.__._.. _.-...__. ,^S, ;1 1 ' IT'S 1�1. t 1 "1 Ifs GGP ` I •••.- 1 I•,YA,} r1 7 L, h rl r { 4, 1, nor Ny, ,• $�'S hECORDED IN OFFICIAL HF.0011109 RECORDING REQUESTED BY AND ) OF OHAt:GE COtinTY, CAurcl�NLA 1 When Recorded Flail To: ) -Y 1o1 Nhl OCT 08 y Q / CENU1TV ,,, �i,L Q,�1314110- U ►rtt:Wf:tn + Office of the City Clerk I °w 2000 Plain Street P.O. Box 100 ) 0;s,� Huntington Bench, CA 92648 ) 1 XEMP1 C 13 yfi 'MEMORANDUM OF AGREEMENT + � THIS MEMORANDUM OF AGREEMENT made and entered into as of the 15th day of April, 1987, by and between the HUNTINGTOI`1 1 !. % psi'. ... ' AA C• ' ',,• I ' 13EACH REDUELOPMENT AGENCY (the "Agency" ) and REDONDO-KOVAcs PARTNERS, a California limited partnership (the "Developer" ) ?i' �4 r • AK' I•J. r�S r-1 N t'1 r'l 0 W I T H E S S E T H: I 0 p The Agency and the Developer have entered into a v �' sr e' t l •'-1 U: N r !f W p p greement, dated as of hia ar�it::on and Development A April 15, 1IJ87 (the "Agreement") , a copy of which is on file a:; El public record with the Secretary of the Agency at 2000 Main 'I , Street, Huntington Beach, California, 92648, and which is " incorporated herein by reference . The Agreement- affects C f • r c3rtain real property, including that certai ;i real property situated in the Ci ty of Huntington Beach, Counter of Orange, y� w 0-1/28/87 ° kf. 4B33k/2460/22 Pare 1 of 5 l+ °'�0' . F1 y,� �1' '' l�+f�^�r'q l•S.:'tiv1 tvrlY lr:••y.�r>t.r..-..,.., r, r_.. .. ...,. ,n r .... ..,..._ ...._....�.`.r,._.. —._._.. ...._.---.........T�-s..rr ..r«Wr 7 L i •�r J , yr' r ` NI W , �,'. •. r;r ILA '• � r. �'. `,y =.fk'�., '+1,•k^05w..'r'• '",';,k;l��',,r.•11 J,.r., _. �a , r• �y ; 1 L. I»!'h r , r r- T- 8� ..566�: State of Cnlifornje., particularly described in Exhibit whicli r is attached hereto and incorpornted herein by reference , which property is owned by the Redevelopment Agency of the City of '�• I7untlrgton Beach, This Memorandum of Agreement is only intended to dencribe " the Agreement and shall not be construed to modify any provision thereof. . W IN WITNESS WHEREOF, the parties have executed this instrument in duplicate the day and year first hereinabove written. > HUr1TIr Orl BEACH •; j:��`'' AFDEVE DENT ACE W vY,� 4 u Y 1 Y By h irman hY , , _ ATTEST: �'''' /llICIA. M. 1vENTu�ORTN C�f�''� -�-A„'" s �0 I r 1•: REDONDO�-KOVACS PARTNERS, California limited partne.rs1nip By. General I'artn � 1 f � By: ;ene1 al Partner > " ��{ram J.nA0, 04/28/87 4833k/2460j J' 22 Page 2 0; 5 �� 4 f,f} y1 ,4' 1•jjj��••• i 1 Y , 1 I , 1y - 1 . 4 r k 1 ei t ' 1 i- Z f . 1 '. : '.•'tic:-r�� '? `.44 .: `,,j. � .;.4 �y _ .Y_ ` -46 `. r..Y.. b .� 1 is i 41 , /+7 4 7 v *,W, STATE OF CALIFORNIA ' COUNTY OF ORANGE ) n 7- Oil thin L.S--� day of 1987, before me, the undersac ne ' a Notary Pu 1 1 and f i said St apersonally appeared �l'�(� Alld L ��C. °W ! personal nown to me (or proved to mo on the basis of l aatiafacto y evidence) to be tha persons who executed this C instrument 3a the CHA.L RMAN and SECRETARY, respectively, of the HUNTINGTON BEACH REDEVELOPMENT AGENCY and ac}cnowledged to me ��'�'�� , that they executed it on behalf. of the HUNTINGTON BEACH f REDEVELOPMENT AGENCY. r wd a��- EQ �,,,,,i•, Si nature of Notary Public r„ OrFCAL DEAL. UNDA PArnmuN • liosuy cuc':r�:fom+o � 4 1 •J wtOmvn.Erb.�Ra 24.1g90 ,:+T=r • c , • I M r + 1 �``lin tM1 � r y 04/28/L�7 `'' ' 4833k/2460/22 Page 4 of 5 }}, .'N CAI/1 I: � •'i• .• , r `a ,a 1 ' { r? rr sr 1�';r(Ri+. it is r 1. • '4 I r' r r� lr s(sI.r11'1, ' •nr f" •r.. aj„L�j l,,l jLyy, A�7. iN;rr . t � r � Ip r41 is ,4 �r , t o ik�f 1. W56�. :5 STATE OF CALIFORNIA ) sr. COi1NTY OF N On 1987, before me, Lhe undersigned Notar7 F Public in and for said State, personally appeared Richard E. Houreston, personally known to me or proved to me on the basiE a '' r of satisfactory evidence to be the General Partner of + REDONDO-KOVACS PARTNERS, a California limited partnership, the limited partnership that executed the within instrument, ,and acknowledged to me that he executed the same on behalf of REDONDO-KOVACS PARTNERS, and that REDONDO-KOVACS PARTNERS executed the same. :; 1 F WITNESS my hand and official tseal. ' .,' :• r• ..r.C..cs.r r�.r..�..Iar,e,,,s,�� (�\�1— . ''n\` :r �1"�!' { ?j r.�TAnvw,:uc:.�,va c,••:;L� Notary Public 'I ' rcr mar+,.`.;,�•_r•t�,,..,�--..: .i',y,°�i ',, STATE OF CALIFORNIA COUNTY OF O ) ►`,' On r� �_, 1987, before me, the undersigned Notary ?�r, Public in and for said State, personally appeared Michael D. y;•, , ,f� Todd, personally known to me or proved to me on the hasis of ' aatisfacL•ory et>idence to be the General Partner ofs 1 • REDONDO-KOVACS PARTNERS, a California 11mited partnership, the limitod partnership that- executed the eithin instrument, andMi acknuw?edged to me 'what lie executed the same on behalf of ,y ,REDONDO-KOVACS PAR'AMERS, and that REDONDO•-KOVACS 1ARTNERS '1"+'' executed the fame. s %' �V WITNESS my hand and official !,:al. ON'-` 1 i ''-b7FICI AI. SEAL � MVEN It.SW61;I4E �� . �s fi yt � ►::T,nvrue Cni:r-,.,^ Notary Public a �I� ;fr;Cio N,, —s,C•P'•t11: V,ISsi �d.'M J1�Y� . } �' V'SII,S �ik,Pr •'l IJ��1 1y.1 { 1nl 04/28/87 •1 %,� +�•k 4833k/2460/22 Page 5 of 5 z, ^.,; R'e4';�h•""r;•'r�_-j .. ,1J.�,:._.. 1;'. .�y „?".. i, WAl e,1 04 U14 e All i y Iit �,, i'x .'. II{,' i•.L" �, 1 I , I , r � p 1 r, � • y,'. 110 '� , if l ) , 1 y�,,f�-.�1 1 �.I✓• t -1t'. t-; ti �.M j-tr Y,� 'j ' •T'ul•�(II-�1. J },(._ IGI ,i�.'A TriN�J f.4 _ _-' _ •+ ��1� ' .�'�fit' � t, vc ... , -tw, � rw.j,f•• . J. . f -` 'i; • �� -.+RAY .. I Swlt j r t�' f i +r 44 lC �-'• � r a- ,�-��■.far.� :; • -\1'1.�'��p.yf r-,. t ' �+ 9 •�. V `�. .y+11 .-.J;!4`+ : :�M fM, I/,f .� p � k•1� .h.. . • ��._'. �� .rn Y: (> + ��"� }i+�f!� � .r - it •`.� _ •�y r F F A, t�' R aA. A �I , I w'' X , 1 y j'r .l 4 • Al- ,!1-Air 1A r , , a• 1J'I"I'ACf!Mfa1T NO . F! , „ '_''.• t,f, ' GUARANTEE MID AGREEMEII ' OF � I4:CHAEI, D. TODI> ORIGINAL • THIS GUARANTEE AND AGREEI4EIlT is entered into by Michael D. + Todd, a single man (referred to herein as the "Guarantor" ) in favor of THE RIrDEVF,T OFI•fl~NT AGI':IICY OF TliE CITY Or HUNTIIvGTON BEACH (the "Ac�enc y" ) , and the CITY OF HUNTI NGTON BEACH ( the t ► ,1, i�ri' f x "CITY").' ,�� y iG?,jY• , ' k n 7 Jrc 1 i' .,, ,� U.�a� '•', R E C I A L a _ �yi� ',1R; J � DTI � •'f� , 1 A. The kgency, zhe City and Reftndo-Ku v tics Partners (the "Developer") have entered into a Dieposition and Development Agreement dated ats cif April 15, 1967 (the "Agreement" ) for the x ; urposee of the redevelopment of certain property ( the ,', 'Fropetty" ) located within a redevelopment project area of the Agency. B. The Guarantor is a principal of the Developer, and will significantly benefit b the execution by the Agetzc and ' Y Y Y the City of the agreement. 6 . � eP C The eta cut o b the Guarantor of this Guarantee is a . i n y r � condition but for which the Agency and City would not execute ' the Agreement . W I T H E S S E T Ii , i IN CONSIDERATION OF the execution of the Arreetnent, and of other valuable consideration, receipt of which is hereby s:^:)tnowledged: 1 . Guarantor guarantees to each of Agency and City the , -: . .; ' full and timely completion of all cf the "Developer µ 1� Improvements" (as defined in the Agreement, which is f ,? '•1, ' '� •` incorporated herein by referenced) .Y ll``` , r r `�,' �•'�f I + Ali 1 Al = 'l� � • 2 . This Guarantee is unconditional and ,nay be enforced t`1� '�_M ,I"rtl� directly against the undersigned. No extensions, modifications or changea to the Agreement shall release the undersigned or affect this Guarantee in any tray, and the undersigned waivou .'o ,., 'S' •'' s ' tia,.ification thereof. :,C�"a';� M, 3 . The undersigned hereby waives all of the suretyship provisions of the California Civil Cede Sections 2786 through 2e55• f 4. Guarantor hereby waives and agrees not to assert or Y� take advantage cL ( a) any right to require Agency or City to 04/28 ,187 4833k/2460/22 Page 1 of 3 , I S; 4' ��/�.4'p•,,'((a4 fill+' A u', ' r k i P" I 1{r4 I proceed ac,airtst the: Developer ( orany guarantorut' cr•. than t te: u:tdc:c•F i.lned) or to purt�ue any other rc.ir.r cry In thst ?igertey, -., or the City' F; powar before proccoding aci:+inst the. Guar.int:or, (b) demAnd, protest, and notice whici: the Agency or this City may 1.,1: i required to provide to r,2veloper under the :Ureerr.ent, anal (c ) j any duty on t).c 1_art of Agency or. City to di .:close to Gue..rant.or i c:nl fade. Agency or City now or her(:r.fter know el)out the _it.e ( as defined in the Agreement:) , the AcirPpm+n:t, -:Ni- the Deverper, i r,2gardler,5 of whether Agenc•► of City have reason to believe that any Duch fact:, materially in;:reasc the risk:; neycnd that k' trhich Guarantor intends to ansume or hart reason to believe that: I ,, such .`acts are unknown to Guarantor or has a reaso,liable ;.'ts. ;•;;;' opportunity to communicatr_� sucl", facts to Guarantor•, it being ! ,? understood and agreed that Guarantor is x:ully responsibic for being and keeping informed of all circumstances regarding the Property, the Agreerne;,r, , the oblieratlons of Lhe 'Developer, the R financial condition of the Dove:loper, anc'i of al! circumctallCe:i tN,: .4. benr, ing on the risk of any ubligatinn by Devctlaper hereby gunr.•anteed. a 5 . Until the Agency and/or the City i.:, paid all amounts "�'►+ due under this: Guarantee and the Agreement, Guijr:tintor shall have no right of subrogation and waives any right, to ellforce I '' Mtn;, rnnr:ty tl Agency or City novr haveCAI' Il1R!f l�el(::1£t:Cr 1!1'Jt t against : be Developer, and any bunefir of, and any : ight to i �r participate in any security now or hereafter held by Agency or City. 6 . Z'he obligations of Guaraa:ltor }-ereurlder are rndepF.nd:n.: of ..he obligations of Developer and, in the event of dul:atllt. hereunder, a separate action or actions may be brought and prosecuted arainct Guarantor (or any other guarantor) whether or not Developer (or any other g.tarantor) is joined therein or ' a ceparat.e action or .,ct.ions arc brought against Develo+acr. 7 . In the event of any litigation between Agency or City and Guarantor arising out of thi,� Guu�antee, the prevailing party shall be entitled to recover it;, reasonable co- c:! and attorney' : fees 8. 14a previsions of this Guarnnt ee can be waivud nor can Guarantor be released fiom th obligations hereunder except by a writing duly executed by each of Agency and City. 9. Guarantor agrees to pray all reasonable at.torney' s feet and all other co3te and expenses which may he incurred by Agency in enforcing or a:tttempting tr e11fo1-cc: tl:ie Guaranties, ^q1 whethel: the same shall be enforced )�y ruit or c)thcrvise. y 10. Miarantor hereby waives notice of any clemand by the Age:ac, and the C+ty, as well. 1c notir:e of ally d.e..ault by the Y ea "' '• 04/28/07 •183NK/2460/22 face 2 of 3 Y F F � P �� ,S t b' r �'+ R ' i .. r � • r J .•fit ' «,:;, a �. - • 11. i. r t� r � 3 9�� :'.r r rir ... .i •r•�,,' �y��y�T� / 4 STATE OF CALIFORNIA , COUNTY OF ORANGE P, On before me, the und hv: r•- « er:�.• -.7.-a , r�.. ,. �: -m� ... _ yr' �' :i.• ' . _ • ,` ' Public me on the basis of satisfactory evidence to be the person whose appeared MICHAEL D. TODD, personally known to me or proved to name is subLcribed to the within instrument and acknowledged �. *+'• d rthat lie executed the same. WITNESS my hand and official seal. a. Affl9ftL OFFIWAL StAl,STEVEN H.SUNSHINE ORANUCOUMY � ,4 .A•) I t l(r'i•.� •�fir, U�``, \ IL1 •\ I _ Tip„i •.�.t- _ a y 4 3 Ir , 1C. }.. - "� ♦ \, rya,R! � .+ r • - r _ 1, ♦ t t♦`ti llb�� S - Y. y !•. ' vJ. 10 •� o ;�' , ' ' •fie' �� . Ij 46 i r •�/•. r Jig ,, . :� i. ,.: � ,/'' � t AA. yV +.♦ .�t� r , try �r + f � Al f.'�,.�1 i -\ 1 • • _ '•'! �1/ ,. . \t _ t vt .07 go f 1 z. rA yl( ` r 1•. ry' }} 1 ILL IL 14 • +v.• •t 7 jr rt ' '�G{ �17 •'�,;�. ;f-{�y -�• ''f+fir,-.'., •:': � �' - M ►.. lr • ••11rr ,h!, �N. i yy.,�fl4�!}�'/��y,'��'! l5yo' ,, I n 1A IY' 1 ATTACHMENT Nn.8 ORI G1 GUARANTEE AVU AGREEMENT OF RICHARD E. BOURESTON AND VIRGINIA SOURESTON THIS GUARANTEE AND AGREEMENT is entered into by Richard E. Boureston and Virginia Boureston, a married couple (collectively referred to herein as the "Guarantor") in favor of THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (the ''Agency") , and the CITY OF HUNTINGTON BEACH (the "CITY") . R E C I T A L S A. The Agency, the City and Redondo-Kovacs Partners (the "Developer" ) have entered into a Dispoxition and Development; Agreement dated an of April 15, 1987 (the "Agreement") for the purposes of the redevelopment of certain property (the 'Property" ) located within a redevelopment projects area of the r. Agency. B/ The Guarantor is a principal of the Developer, and will significantly benefit by the execution by the Agency and Y. . the City of the Agreemer,t. t, U. The execution by the Guarantor of this Guarantoo is a � condition but for which the Agency and City would not: execute the Agreement. w IT14ES5ETH ' IN CONSIDERATION r:" the execution of the Agreement, and of otter valuable cons,:o .-ati•on, receipt of which is hereby acknowledged: 1. Guarantor guarentoes to each of Agency and City the full and timely completion of all of the "Developer k Improvements" (as defined in the Agreement, which is incorporated herein by referenced.) . 4 2. Thia Guarantee is unconditional and may be enforced 4 w directly against the undersign=d. No extensions, modifications or , chat:ges to the Agreement shall release the undersigned or affect this Guarantee in any way, and the undersigned waives notification thereof. 3. The undersigned heraby waivea all of the suretyship provisions of the California Civil Code Sections 2788 through 2855. 4. Guarantor hereby waives and agrees not to assert or take advantage of (a) any right to require Agency or City to 4 I 13 04/28/87 4833k/2450/22 Page 1 of. 3 �.'!t L i. � ` ' ,11 S�•r � k . � � lhdf.f ! k' ,):�y 1� ' M 'k k j�W �.� r� a 1P��,! ,'I Y, I _ ,• ! ! ti �I' ' r. IrI�I. 4� �,P ")a�. I'�„J 'MI Y} / it �Il ter,• �`AY + .� + 6' it J.� t i � Y h' proceed against the Developer (or any guarantor other than -the undersigned) or to pursue any other remedy in the Agency' s or the City' s power before proceeding against the Guarantor, (b) demand, protest, and notice which the Agency or the City may be required to provide to Developer under the Agreement, and (c) any duty on the part of Agency or City to disclose to Guarantor any facts Agency or City now or hereafter know about the Site (as defined in the Agreement) , the Agreement, or. the Developer, regardless of whether Agency or City have reason to believe that any such facts materially increase the risks beyond that which Guarantor intends to assume or has reason to believe that M such facts are unknown to Guarantor or has a reasonable opportunity to communicate such facts to Guarantor, it being understood and agreed that Guarantor is fully ruaponsible for being and keeping 'informed of all circumstances regarding the Property, the Agreement, the obligations of the Developer, the financial condition of the Developer, and of all circumstances { bearing on the risk of any obligation by Developer hereby guaranteed. r. It S. Until the Agency and/or the City is paid all amounts due under thi" Guarantee, and the Agreement, Guarantor shall brave no right of subrogation and waives any right to enforce any remedy the Agency or City now have or may hereafter have against the Developer. , ar:d any benefit of, and any right to participate in any security now or hereafter hold by Agency or ' City. is 6. The obligations of Guarantor hereunder are independent y''. -N• of the obligations of Doveloper and, in the event of default hereunder, a separate action or actions may be brought and prosecuted against Guarantor (or any other guarantor) whether or not Developer (or any other guarantor) is joined therein or r . a separate action or actions are brought against Developer. 7. In the event of any litigation betvesn Agency or City and Guarantor arising out of this Guarantee, the prevailing party shall be entitled to recover its reasonable costs and attorney' a fees. be waived nor can S. No provisions of this Guarantee can , �• 1 Guarantor be released from the obligations hereunder except by a writing duly executed by oa.h of Agency and City. 9. Guarantor agrcr,es to pay all reasonable attorney' s fees and all other costs and expenses which may be incurred by Agency in enforcing or attempting to enforce thin Guarantee, �! •,, whether the same shall be enforced by stilt or otherwise. 10. Guarantor hereby waives notice of any demand by the r; Agency and the City, as well as notice of any default by the Developer. r, 04/28/87 4833k/2460/22 Pnge 2 of 3 rrt�li87+R�ar�o� Maurramc st.a�f'a�••4Hww+�'l+gx 00 rF,r.'ll,'M,t, 1 � i! ) t ,t.. / - I ./ , ,'.i I+. ,•.' f !/�'r` �if�. f a ,�'�µ� ' I • � 't' war,Y,I t ,ra y t' r �i' i rw l q . . 7 _ f w Y!. - ,yJ"� _JT •1 , I.I,�,yI f L y /.f h Iy' !��• i�, • 'A l.•� '1 I.Y' � . i1••y`1. � ,•f Al-' •��` r' ��i r_-•1'? �.t I -• ♦N ' '' 'r'' ' - f IL 12. The Agency may assign thi& Guarantee. When so •�. - r / assigned, shall be bound • • to the aesigneeswithout in any manner affecting Guarantor'n liability hereunder. 12. This Guarantee shall remain in effect notwithstanding nization or insolvency of the De,;aloper any bankruptcy, reorgrtrustee or anj successor or assignee thereof or any disaffirmance by a • �j l'. .. of Developer. y'• 1 4 13. This Guarantee shall inurc to the benefit of and bind the buccessorm and assigns of Agency and Cuarantor. `- ' l` executed this14ICHARD E. �.T IV WITNESS WHEREOF, the undersigned have Guarantee as of the 25th day of April, 19137. • ' 1 1 r / • ' •1 Ir;= ,r r .:�.r.yr .. a rarantoe • - t 1 04/28/87 AL � .< i � `{€>�, try� .. .. ♦..-• ,1 _ 1 r � • ' . 1. � � � ` �M � ,, •�� • - ,' It d - s. .7�•a+ �'. ( �.. Y• a ' r ACKNOWLEDGMENT -� STATE OF CALIFORNIA lb COUNTY OF On AOV before me, the zonally -undersigned, a N6tary Public in and for said State, per appware4 RICHARD E. BOURESTON, personally known to me ur proved to ma on the basis of satisfactory evidence to be the persoit whose name is subscri bed to the within instrument and _ f acknowledged my hand and official zeal . STEVEN H.SUNSHINE �tr*� -F1 .� T a•. y` ` 1 1 Y4 � Pt , ; ' � yr. - •�Y_ i C` P+Fk {t A • �f Y I ' ty ,;j� • ' = r . i �. •► if �f �Y,1 -!�' � , , e t . Pf.:. d -� a[ , .*4. .r 3d\•1 . t v t ( ' r f, i f ri. - *�� ram- • ,*� '� r •,t •,. r �• _. • � r. .� •.�v. �I, t 1" � �� -err � ` 'I,h��TT:�� i:.I •/��, ' r t �t • !ry f' I Il ACKNOWLEDGMENT fSTATE OF •COUNTY OF fiIiiii lk 9, I .t f On w \ before - - • •• r-.. • - - •Notary • • personally appeared - t VIRGINIA, BOURESTON Rnown to me or proved to me on the baslu of A' satisfactory evidence • • - the person • name is subscribed to the within instrument and seRnowedged that she executed the . •r t WITNESS my « . . • and official `, : « . . � .� _ '� 1 • � A 7.t�14� �• l 1 t. 1 it : 1 *I +I 04/28/87 ` X. STVE f / I {�► � d h �19Rr•I�� Yt� I'. I � � ��rl ,� �I- _ 1 Y r • , PT A, .Y.. /` ZIIIy/j � 4+y , r . .' .id � 1 � � ...�.� r. _r 4 5��'�,A.c In��c�� -v r r •� �,a - I r 1, t r PY,wJ,1��G T Y-:��•,�� r t� •- 46 •r - t , I r 5 rr • � r ''+Yt�T 1, 'l,. A r! ' yam. M T � ATTACIIMCNT NO. Q GUARANTEE A.ND AGREEMENT OF MICHAEL D. TODD THIS GUARANTEE AND AGREEMENT is entered into by Michael D. Todd, a single man (referred to herein as the "Guarantor") in F ; favor of THE REDEVELOPMENT AGENCY OF THE CITY OF HU14TINGTON BEACH (the "Agency" ) , and the CITY OF HUNTINGTON BEACH (the f1 ",;riy "CITY") . RECITALS A. The Agency, the City and Redondo-Kovacs Partners (the "Developer" ) have entered into a Disposition and Development Agreement dated as of April 15, 1987 (the "Agreement") for the urposes of the redevelopment of certain property (the 'Property" ) located within a redevelopment project area of the Agency. B. The Guarantor in a principal of the Developer, and will significantly benefit by the execution by the Agency and Y the City of the Agreement. r C. The execution by the Guarantor of this Guarantee is a condition but for which the Agency and City would not execute the Agreement. W I THE S S E T H ,r. IN CONSIDERATION OF the -execution of the Agreement,and of other valuable consideration, receipt of which is hereby acknowledged; 1. Guarantor guarantees tn each of Agency and City the full. and timely completion of all of the "Developer Improvements (as defined to the Agreement, which is incorporated herein by referenced) . 2. This >uarantes in unconditional and may be enforced directly agaii,st the undersigned. No extensions, modifications or changes to the Agreement shall release the u:dersigned or affect this Guarantee in any way, and the undersigned waives notification thereof. 3. The undersigned hereby waives all of the suretyship l provisions of the California Civil Code Sections 2788 through 2855. 4. Guarantor hereby waives and agrees not to assert or take advantage c • (a) any right to require Agency or City to 04/28/87 4833k/_2460/22 Page 1 of 3 lot IG ' is '•M. .J� _ rJ Y '' 7•y t ,11� � / ♦ .. 1,tA� ...f r ' proceed against the Developer (or any guarantor other than the undersigned) or to pursue any other remedy in the Agency' s or the City' s power before proceeding against the Guarantor, (b) demand, protest, and notice which the Agency or the City may be required to provide to Developer under the Agreement, and (c) any duty on the part of Agency or City to disclose to Guarantor any facts Agency or City now or hereafter know about the Site F (as defined in the Agreement), the Agreement, or the Developer, /t �1 regardless of whether Agency or City have reason to believe that any such facts materially increase -the risks beyond that which Guarantor intends to assume or has reason to believe that t' such facts are unknown to Guarantor or has a reasonable opportunity to communicate such facts to Guarantor, it being understood and agreed that Guarantor is fully responsible for being and keeping informed of all circumstances regarding -the Property; the Agreement, the obligations of th" Developer, the financial condition of the Developer, and of all circumstances bearing on the risk of any obligation by Developer hereby guairanteed. S. Until the Agency and/or the City is paid all amounts due under this Guarantee and the Agreement, Guarantor shall 1A, have no right of subrogation and waives any right to enforce any remedy the Agency or City now have or may hereafter have against the Developer, and any benefit of, and any right to participate in any security now or hereafter held by Agency or a' City. 6. The obligations of Guarantor hereunder are independent of the obligations of Developer and, in the event of default hereunder, a separate action or actions may be brought and prosecuted against Guarantor (or any other guarantor) whether or not Developer. (or any other guarantor) is joined therein or a separate action or actions are brought against Developer. 7. In the event of any litigation between Agency or City and Guarantor arising out of this Guarantee, the prevailing party shall be entitled to recover its reasonable costs and attorney' s fees. B. No provisions of this Guarantee can be waived nor can Guarantor be released from the obligations hereunder except by a writing duly executod by each of Agency and City. 9. Guarantor agrees to pay all reasonable attorney' s fees and all other costs and expenses which may be incurred by Agency in enforcing or attempting to enforce this Guarantee, whether the some shall bs enforced by suit or otherwise. t 10. Guarantor Hereby waives notice of any demand by the , Agency and the City, as well as notice of any default by the Developer. f 04/28/87 4833k/2460/22 Page 2 of 3 1-7 Ly sjk /i N L 1. r/'' I. . 'I ' ',� �fi+ •'rat rtJ I 4, .t' I \_ rY ;"t it • J Nit • r 1� , .Ni�»� r any �lY �I (•'�dl � V�„ylr 'd">��'��jl ''�Ir �� 't�'l��y y 'i� f�' �r' �", `y'Y I i7' �Y ;W lrY�ISwa��{b r� Jr, r �w�,•v it f r I �"r" � L 1 Z f I' 4 Q, u1 Q,4. S 111� yf}.� Uty v� ri+ s �ry.• L ;r 14 as1�+1 111 1 I 'r f��'v�'i A 4� rj - �'%, i Il ` � �-• r �j � t 'y,.Y f Ir � ��,.I� ,fir c �.. � t ivf, ,rl �� _r , til 'l��i�1h •r rlf,t�}f�i o1,dr, ,r ��t+Y +? 7 �R �.Jy" .I Y L, t I ��,) ,r, '�I "•JM' t l .r^'� 1.!t . � 11. The Aqency may assign this Guarantee. When so assigned, Guarantor shall be bound ass above to the assignee$ without in any manner affecting Guarantor' s liability hereunder, 22. This Guarantee shall remain in effect notwithstanding any bankruptcy, reorganization or insolvency of the Developer or mny successor or assignee thereof or any disaffirmance by a trustat of the Developer. 23. This Guarantee shall inure to the benefit of and bind the successors and assigns of Agency and Guarantor . IN WITNESS WHEREOF, the undersigned has executed this Cuarantee as of the 15th day of April, 1987. MICHAEL�. Ll Guarantor I Q�r• r 04/2e/97 4833k/.2460/22 Page 3 of 3 `9`NI r.�lf �fi Y IY r Y Nr ,' I I ,• 1 'J ._ , , '. I !!(� 1 'I�4, I1LN1.5�01�, 1nQI I I I '•��• r �,e�, y7 r ,.r i ��'��f,l� �• i III .f��A d�'�yi 1-04 - V Ak 46 'J� . .-f.� .. / .. r. •.A , '. ��h, .:� -4f L '" :,`. •c�f err ,•� '� ,-:,t`, \ .. j - R �'4 t F •I 1 y� � * _ • Y ACKNOWLEDGMENT AP STATE OF CALIFORNIA �! •4• COUNTY ORANGZ �.�,�ffyykl i • � • before riie, the name is subscribed to undersigned, a Votary Public in and for naid State, personally appeared MICHAEL D. TODD, personally known to me or proved to no on the basis of satisfactory evidence to be tha person whose - within instrument that he executed the same. 'r and WITNESS my hand official seal. z ` •� � f • i_ . f Ij cbmk 04/28/87 i ,■ � "� • ,� i�('U,', Syr,;. .'� � „ ; , , , .S� ,' I 1. �.�, f i?'•( .j � �. _ - _ , ' I ♦_ 11,••�}�c�- \�„>i �yt� j af- :Y �1''�r r�..» •rr r r .' _ a r �kA1//1' t t 4Q 4ble 4 /b� �f teak m* ✓IKx- p e, �e +��pNG�/',► G�i 3 /�slJ R/ The following paragraph is added to Section 322: i A certificate of completion and a certificate of occupancy shall not be withheld on the ground that the Triangular Parcels are not improved consistent , with the Precise Street Plan or interim Precise Street Plan (because the City or Agency has failed to acquire either, of the Triangnilar Parcels) if the Developer provides the City with a letter of credit (or such other security as may be mutually agreed upon by Agency or Developer) at 150% of the City Engineer ' s vatimate of the sum of the cost of improvements for the Precise Street plan plus the cost of acquisition and development of either of the two Triangular Parcels , On or before the end of 16 months fallowing issuance of a building permit, the Agency may elect to acquire either or both of the Triangular Parcels by condemnation, if not previously acquired by negotiation. on of before the and of 18 months following issuance of a building permit , if the City or the Aclency has failed to elect to commence condemnation proceedings for either of the two Triangular Parcels, the letter of credit shall be returned uncashed to the Developer, If the Agency Y c,t the City contences with co de ation craceedin s within said 18 month period, the letter of redit shall be cashed by the City or the Agency or Developer shall replace the Letter of Credit with cash. The cash shall become the property of the Agency or the City and the Agency or the City shall proceed with due diligence to acquire the Triangular Parcels; provided, however, if the actual cost of acquiring and improving the Triangular Parcels is leas than the amount of the Getter of Credit, the balance shall be refunded to Developer. If �! the City and the Agency are unable to acquire the Triangular Parcels by negotiation within said 18 month ' period and have not commenced condemnation within said is months, the City shall promptly formulate a Precise Plan 4 of Street Alignment which provides For the completion of Redondo Circle consistent with the Conceptual Site Development Study but which does not require ownership or development of the 'Triangular Parcels . err f 'N 1. f +, rat,. 2 � dY Y�rl `+�l ri, p Iv l {' "r., ��•.�.r1 PT �r•"4_•J/M .;y ]i' lr y' i , ,(jh,,d � 4},} I +,y �*f'�'11,U' �'111r ,i�` �, ',�� 1 '4"R.��• �� , . � �,:Fri _ , r . 1 r l r .; ,, _,►�'• • - . . - y�• - •� ,,y�� fir. IA Ab All lit jly ell e ' r . , ! ' 1 eyt�aa .ti�.•..1 1 1 , t' iy .• p. ti .rl ' t� t'•r 'a1 ' jam, F r 4 "4 d i t � 1l 1 r Y ' k WIMtMINMPiIiIIUMI�Ir REQC1t$T FOUR CITY CO IL/ . REDEVELOPMENT AGENCY ACTION RH 87-0 Does July 17, 1987 .. 2A4Wt1W to: Honorable Mayor/Chairman and City Council/Agency Members Sebmltbld b1►., /Charles W. Thompson, City Administrator/Chlef Executive Off er/ i : by. Douglas N. La Belle, Deputy City Administrator/Community Deveiopme APPROVAL. OF DISPOSITION AND DEVELOPMENY AGREEMENT TALBE T • BEACH INDUSTRIAL PARCEL consitttwnt with courtoil Pdky? I YN N"Polity or Exam rom lWtsitttint of Its, R ---.--A maim,ArWos, rk"kq&mm,A ttbolwrNrtts: Z. " STATEME„jVT OF ISSUE an'Ycman The Public Hearing on the sub'+.ct document was conducted on May 4, 19979 and has been continued on tk-o previous occasions to this date. STAFF: RECOMMENDATIONt Yh', ,i• Y '. Approve the attached Disposition and Development Agreement with an amended page 4 noting changes requested at your May 4, 1987, hearing and attendant resolution_ and d , i• authorize th City/Agency Clerk to execute these documents. ,I ANALYSISt On March 16, 1987, the Redevelopment Agency selected Boureston Development to purchase the 5 acre site. Staff and Special Agency Counsel have worked with the , developer to negotiate a Disposition and Development Agreement for the Agency's consideration. The price of the parcel Is to be S1,743,000. The major provisions of the attached Disposition and Development Agreement are Included In a summary required by Section 33433 of the Health & Safety Code attached hereto. The attached resolution authorizes the execution of this Disposition and Development Agreement and also certifies the completion of the preparation and publication of the ' negative declaration foh• environmental review on the property. (The Negative �..;l Declaration is attached). ;a The entitlements for this project were originally approved by the Board of Zoning 3. Adjustment on April 13, 1987. Subseq�4ently this decision was appealed to the Planning 'i Commission. In response to this appeal on July 71 1987 the Planning Commission Cr approved a revised site plan for this project which provides alternative access for Redondo Circle. :3+r Y• ,1 y�{ Md 444 },>f' Iti � ,stiR►r►n�:J�wlrwrwnwbtpJl+�yr�l.+.-....�-.•'-+rr++'•...•.-�•...•r-,.,•l'a1�fl��vun».;.�.,..�,w.•r+o.feMMV�..K7..i.1�t� 1• 1,. .�j I13 yam.. r - ., '!• , 1'� �! t '� ,M•a v•,,1. �.• •+ f ' � r • ••., •r � i,.r_1'• .'. ! - K, .�Sll1:tR..r y... ��,�y♦4-`t y •� L , ..4 ��t • t� r y. . f. -57 Page 2 � 1 ALTERNA'T1y_EA5T.10N 2 ► `t.; yw property • ' vv A.-..•'' y' . • • • • • • 1 • ill 1 1 • - ;{ Y VA PACT: be Agency FISCAL 1 The original purchase price determinedfore 2. <- DDA amended • . • -A •- • _ - Afi• _ :A rt r - i' tf 10r9k Al c r '�:.• r � 1 r r!` •f ; , 1 I � 1 +. L , r l l -r�r r- � -�•' .t it -�.1.'S 1}�•.� ; - .a� � � - 'r Ipy •f rS�n$L•,, i V. ,�J y r 1 'I t - 1 I ♦, r • AMENDED PAGE -4_.::z ..�-'---�' -c,.,/ �•. ;' • •,- i I II . 1 §2001 ACQUISITION AND SALE Or THE SITE T A. 112011 Prectse Plan of Street Alignment or Elimirat on r T. Provided thAt the Developer is in compliance with t its obligations pursuant to Section 204 of this �Agreement, • the ! City will use its beat efforts to review r;ubdivision traps and plans for the Site and, if required, will use its best efforts to initiate within the time set therefor in the Schedule of ° Performance and thereafter conclude proceedings for the s elimination of City streets and alleys. , B. ( §202) acquisition of-the Site Subject to applicable terms and conditions of this Agreement, the Agency agrees to sell to the Developer and the Developer shell purchase from the Agency the Site. The purchase price for the Site to be paid by the Developer shall be 'the s%tm of One Million Seven Hundred forty-Five Thousand r Dollars ($1, 745, 000) (the "Purchaee Price" ) . C. [ 12031 Disposition of the Site The Developer• agrees to purchase from the Agency the }, Site; in accordance with And subject to all of tho terms, covenants and conditions of this Agreement (particularly 11 Section 215 hereof), the Agency agrees to sell to the Developer r ` the Site. Thereupon, the Developer agrees to and. shall develop } . • �'' ; tse Site in accordance with the Scope of Development (Attachment No. 5) within the times and subject to the terms, a'� • conditions and provisions as hereinafter provided. The Devoloper shall develop the Site for use as a manufacturing facility (on a build-to-suit basis) in which the permitted uses shall be those permitted in the City of Huntington Beach Municipal Code MI-A Zone The Developer shall lease the Site And improvements thet:eon to Southwest Quilted products, Inc. , a z Californit! corporation, The•i Purchase rice for tha Site be that h e it all P shall amount Vetarmined pursuant to Section 202 of this Agreement. i In addition to the consideration set forth in this Section 203, the Developer shall pay all of those costs, charges, fees and expenses as hereafter expressly provided to be paid by Developer pursuant to this Agreement and shall, at y its cost, provide All of the Developer Improvements (es defined in Section 302 hereof) . 5/13/87 4633k/2460/22 r l ' 1 5 . r r ;L r t: t 1.7 rC , a `�+a err. � !. f • �'.�•?� r , •r 1 _ Lr y11rs� r 4 RE , T FOR CITY COU L/ REDEV F'MENT AGENCY A ION ' RH 87-40 [Jots �� May Submittal to: Honorable Mayor/Chairman and City Councll/Agency Members Submitted by: Charles W. Thompson, City Administrator/Chlef Evecutive Of er� r.• Douglas N. La Belle, Deputy City Administrator/Redevelopment Peered by: CONTINUATION OF PUBLIC HEARING - TALBERT-BEACH °t' INDUSTRIAL D1SP0511ION AND DEVELOPMENT AGREEMENT Corseistent with Council ftwr7 PQ YN I ) New Policy or ExaptionNJ AUDI �j q 9tatrm•nt of Iwo, Reaommendadat,Analysis, Funding Sour=,Ahernntiw Actions,Attwhnwts: i• STATEMENT OF ISSUE: The Public Hearing on the Disposition and Development Agreement regarding the five acre industrial parcel in the Talbert-Beach Redevelopment Project Area was ' opened and closed -3n May 4, 1987. The City Council and Redevelopment Agency continued action on the item to the Regular Adjourned Meeting of June 1, 1997 and It Is recommended that this Item be continued further to the Joint City Council a v ' and Redevelopment Agency Meeting of June 15, 1987. , RECOMIAENDATIONt , , w ,�- Continue action on the proposed Disposition and Development Agreement Between ' f . the City, the Redevelopment Agency, and Redondo-Kovacs Partners to ; June 15, 1987. :••' ANALYSIS: ' Pending the progress of pending Ntlgation regarding the disposition of this site, r staff recommendb that consideration of the Disposition and Development Agreement he continued to June 15, 1987. ALTERNATIVE ACTION: ,;,... Take action on the Disposition and Development Agreement. I r, FUNDING SOURCES • �, income generated by the disposition of this property will be Redevelopment Agency 4 revenue. t•• CWT/DLB/SVlr:sar f , 1558r li r` `a No 4M4 f i +'�N��.• � r ` ,! ,• .. � ray r, �.t � ,1.! �,�°` �r S�' ,t y ,a 1,':�5 �1 `r 1 1 1 � , r' r , ' 4 �t t •' y ,.. LL�. I 2-1 4;Ll f^ M rLt �1 i f i ' i RE0 FOR CITY COU . IL/ . REDEVELOPM8NT AGENCY ACTION RH a7-29 Dite April 24, 1997 Submitted to: Honorable Mayor/Chairman and City Council/Redevelopment Agency Members ,Submitted . Charles W. Thompson, City Administrator/Chief Executive Officer �Lrllsev � g/rla,:7 Douglas N. La Belle, Deputy City Administrator/Redevelopment P"Gred by: Subject: DISPOSITION AND DEVELOPMENT AGREEMENT - j TAL.BERT-BEACH INDUSTRIAL. PROPUTY consistant with Council Policy? I ] Yea ] Now Policy or Eteaption ,y luterttent of law, RoommetW ►.fon,Ane"s, Funding Sourm, Alien rtive Actions,Attechawnts: e„ STATEMENT OF ISSUE: On March 169 1997 the Redevelopment Agency selected Boureston Dcvelopment to purchase the Agency-owned Industrial parcel within the Talbert-Beach Redevelopment Project Area. Attached for the Agency's consideration is a Disposition and Development Agreement with this firm. •1 F 'j s RECOMMENDATIONt p, Approve and authorize the ,agency and City Clerk to execute the attached resolutions approving the Negative Declaration of Environmental Impact and authorizing the ,•K execution of a Disposition and Development Agreement with Boureston Development, Inc. dba: Redondo-Kovac Partnership. ANALY515t On March 16, 1987 the Redevelopment Agency selected Boureston Development to ' purchase tha 3 acre sit.*. Since that time staff and Special Agency Counsel have worked with the developer to negotiate a Disposition and Development Agreement that , is attached herewith for the Agency's consideration. The prize of the parce-I is to be $1,743,000. The major provisions of the attached Disposition sltion and Agreement are included in a summary required by r Section 33433 of the Health do Safety Coda attached hereto II ` The attached resolution authorizer the execution of this Disposition and Development 4 Agreement and also certifies the completion of the preparation and publication of the negative declaration for environmental review on the property. (The Negative ,.r,.., Declaration Is attached). ALTERNATIVE ACTION: Do not approve the attached resolutions. Thin will pre-empt sale of the property at this tittle. f TlitdJ "''•':.r ww+swr.wntwraar.��...•e."". •, f rT �!" +J )1,f• I . 1 ' ',, ;'r �i � sty` d l t. k w ,Y r,• r�. ft r t i +�kT Y .,. ., 4 «_• l' _ � � '`�i :4�i��tr�7{ .:1q{v��b.li, - ^' I _ yyy�� no . �' 4 � M, ;_ "�, _ r_1��, h zr `rf?1, 11 �,-,♦�.T�� • ,� ��i�lu t'C. 1-, _ •_ � .. - ' r� - - o., �+. Ile r �4 April Page TWO i. i•' rx FUND _ING SOURCE: Proceeds of Vit.. sale will be Agency revenue. 4r� ATTACHMENTS: 1. Resolution , and 2. Disposition and Development�greement. 3. Summary of Disposition and Development Agreement. 4. Negative Declaration. s i • I ' 04. It � • C w ' r1r i Re • . AL ,y e, I b.r ; • / • :P•` , ! + �'• ,Iw M1. .,,lY, s t 1'1' _�''�- Lie -�1- �• , r it OF �j 1 f( • {f��Y `I I t 1 I�' 1, (! rya r y�., a 'd yr, , r,,,' r 1�,}"f;•• pe'p•,;r' 'r ,„ rah, PUBLIC NOTICE HUNTiNGTON BEACH CITY COUNCIL/ HUNTINGTON BEACH REDEVELOPMENT AGENCY NOTICE OF JOINT PUBLIC HEARING NOTICE 15 HEREBY GIVEN that the Huntington Beach Redevelopment Agency and the Huntington peach City Council will held a Joint Public Hearing on the proposed sale of real property within the Talbert-Beach Redevelopment Project Area to the Talbert-Beach ; h. Partnership, a California limited partnership, pursuant to a proposed Disposition and . Development Agreement. Adoption of a Negative Declaration containing a finding of no significant Impact on the environment due to the project will also be considered at the i�- same hearing. The real property to be sold is located on the south side of Talbert Street between Kovacs Circle and Redondo Circle and is more particularly described as !ollowst Lot No. 7 of Tentative Tract Map No. 11933 Any p..rson or orEanisatlon interested In expressing an opinion on this matter Is invited to attend the pub!.;c hearing and offer testimony. Dater o ayt ay r, ` Timet 700 p.m. or as soon thereafter as the matter may be heard. Placet Council Chambers, Huntington Beach Civic Center, 2000 Main Street, +. Huntington Beach, California 92648 i' Materials relating to the subject sale of real property including the proposed Disposition and Development Agreement and the summary required by California Health be Safe'y Code Section 33433 are on file and may be viewed or photocopied in the office of the City Y P P Clerk at the above address during office hours (8:00 a.m. to 3:00 p.m., Monday through Friday excluding holidays). Further information on the subject Matter may also be } a d, obtained by contacting Stephen V. Kohler, Principal Redevelopment Specialist, at (714) 336-3142. :1. Dated: , 1987 By: Alicia Wentworth City Clerk/Agency Clerk Publish once a week for two weeks on Monday, April 20 and Monday, April 27. 1997 t 363r ! 2. V 4�• �M4�'--rw.-i..•r+.�,....,.....«.a---.ewe... r......._...� ! i "r Yt � Ire r ., •a � r�' 'r{ � . 1 1 ar X in. : � 1 ', .. - ,,i.• t .•, '�' ,i�fl� lkV r `y ?M1y !' , 1 ..:` .. 1 +t/, Zil1 Zt A•.,: , „i..., t i c} r r V `I nyf ,`i��_� t 1 . r .f'• ,. r:! -} t jt ,+t f .ir . d1 (S�I •4i l .r" r :r "r i 1. d•dC' ��1, .! Ir �i. ' •'j, !. I fr•� i� I t`v ", 1 r l r ✓y •t• ,t 5 4 I - .. 1 , �.�i){�I fit i •, I. r rI f. 1 , � a,. r 1 I •1 + t F4"t. t} i t t �� n4}y 4: t''• WEISI:R. MiUV :, IIALU'fEie 1* aR.RKNAN AP u//��'��'�� 1 A ►.M. ccw.C.A,I�• r� ro aS e rl iabe o au• 1.auT» gawn.f. fTACtT. SL1tTt 490 r7l.O �. T/�jP �j POGh 1.0!i ANOr[.rH, CA14FOUINIA 110013 �jvl Q ,rcr � AnrA coon 1801 c J ,•twstwr M wClstp TCLrJNONt 601.0480 TOl ^8" STRCCT, Suitt 1300 MUARAr O wANt r SAN o1coo. CALI/0RN1A •M1ol bNUCC D •MLLMCM ARIA Coot 16101 JAMS! DC.TCR CLAP. TC1.9pNONt !1, !f• 717II / GLCH" / WASStwMA" May 4 , 1987 � �rP 11,10fl r MA wJOpIC R TRICCL.aNDCp ('t�vr` . l'a , w ORUCt TC"Cn,'JN /•/ /� nAtrlCtr•lf �C 4 �'�W� llrr I 111O11CRT v 0C`nwMAF. ' y: Or C�YM tiLL ,l is•L Honarab'.e Mayor And Members tr! of the City Council Members of the Huntington Beach Redevelopment Agency City of Huntington Beach Re: Talbert-Beach Disposition and Development Agreement Honorable Mayor and Members of the city Council: w . This firm represents Triple If/Reliable Lumber ( "Reliable") in connection with the cityls consideration of a proposed development y 1v for the 5-acre vacant property (the "Property") which the Talbert- BeachRedevelopment Project Area Redevelopment Plan (the "Redevelopment Plan") shows to be bisected by Redondo circle. Specifically, Reliable Lumber cbjects to the approval of the disposition and development agreement beforo you tonight which would permit conveyance of the property to Bourestorr-Development and permit the construction of a 122,000 sq. Coot industrial facility (the "Project") . Reliable Lumber further objects to the r• use or approval of a negative declaration for the Project and demands that an environmental impact report ("EIRII) be prepared. Finally, the hearing on -the DDA has not been properly noticed and the record before you lacks evidence to eupport required findings as to the value of the property being sold. Approval of any ,5 development for the Property which precludes completion of Redondo ' circle violates the Genkiral Plan of the City as well as the r Redevelopment Plan and, hence, would be invalid. Furthermore, � there are a number of environmental concerns which have not been addressed or have been inadequately addressed in the course of your r` environmental review for the Project. Finally, the cityls ?' procedures in performing, noticing and presenting the environmental review required by law are so flawed as make any approval of a negative declaration in any form illegal and invalid. Nit I "�I � it � ►�,. ,t t �� ;,. � ,�!;�` ,, ��,�, ,' r•; ' •. 1 tiff � I.;�5 ti��1�'��' � J� ,,AA'� I�11•i)�5 f 1� : - I I t ` .. � l•.l� a ��yFLr.��, I `� �•, �' , r i .. is t J 1` � , t rk`Y�. t 'i+ t�,r`} ,' r 'J`�ti•r irW V t�Wtl r,,t l,,i.j .r �it 1'1 RI•,• „1 �• 7. r r,1 - ,,1. ;�'��►i T '"�a `• i r Honorable Mayor and Membars May 4 , 1987 Page 2 ' Cengigl Plan InGQpsistenc All actions of a redevelopment agency must be consistent with that city's general plan and with the pertinent redevelopment plan. California Health and Safety Code 1 33331. The pertinent aspect of the city ' s General Plan for this Project is the Specific Plan. That Specific Plan was 7. 1 amended n 1973 st,ecif cally to provide that Redondo circle would be extended eastward through the five-acre parcel and connect to '" the north-south street extending into the five-acre parcel, raferred to in recent City documents as Kovacs Street. The y,• Specific Plan amendment was in direct response to traffic circulation problems with the industrial area, caused primarily by the businesses, including Reliable Lumber, developing along Redondo Circle. .Several industrial developments were built and/or established along Redondo Circle in anticipation of the extension of Redondo Circle. See letters from property owners and businesses along Redondo Circle and petition signed by the same attached hereto and made a pate: of the record herein by this reference. Approval of the DDA before you would be inconsistent with the Specific Plan and, hence, the General Plan, since Redondo Circle will not be completed, as provided in the Specific Plan. The Specific Plan amendment was in direct response to traffic circulation problems with the industrial area, including Reliable, developing along Redondo Circle. Several industrial developments were built and/or established along Redondo Circle in anticipation of the extension of Redondo circlo. See letters -from property owners and businesses along Redondo circle and petition signed ned by the same attached hereto and made a part of the record herein by r this reference. , Inconsistency with Red4Yelognent Elon The Redevelopment Plan also provides that Redondo Circle will be extended eastward to meet with Talbert. (See map at page The DDA in, therefore, inconsistent with the Redevelopment Plan all and cannot be la' g y approved. Cal. Health and Safety Code Section 33432 . F Inconsistency with Noise Element and N�"C Egrformance *St,WndfflreLg for Ynduatrial UeygJ.Q2'i pats ;i The City notified several developers competing with Bou.reston Development that a noise study per Section 9510. 18 of the Municipal Code would have to be submitted. Yet IIQ such noise study h&a been indicated in my records before you for this Project, and such a study is notably absent from mention in the Proposed Negative �! , �'ryM1�� '�w....1 ,w..+..wwr•.w+. .+.+w ..+«w....-r•w..w�vw+Aw.w�w+ r'IT !.►., ,��.,.j1+f, 4t''i' ;r ; � � ° .i '•_ !1 jet � � �• t wl x „ Y l 'w r I} ,w l r j •'•,'•^Vr ti It - � , � I I Honorable Mayor and Members t� May 4 , 1987 Page 3 Declaration. Without any use restrictions on the Project and ;0 absent such a noise study, the Project is inconsistent with both the noise performance standards of the Municipal Code and the Noise Element itself. Inco sLatencY with -Circulation Element R A ^�• The City's Circulation Element provides that the City extend and otherwise improve arterial, streets and further to provide adequate trafric facilities for industrial developments. Redondo Circle is an access road to Talbert Avenue, an arterial street. Talbert Avenue must thersfa re b e The .impact of this project on � s considered. As presently designed, development of the Project will thwart implementation of the policies of they Circulation Element, particularly where read in conjunction with the Spacific Plan for the area. Whe =00ASeA Negative Declaration W I nra y •, � ��. P�zl_ Notic T'� ed and Processed Contrary to State Law, the City failed to notice the public of ` s the intended approval of the negative declaration proposed to be approved in connection with the action of approving the DDA. On April 4., the City noticed the anticipated approval of a negative declaration in connection with two permits/approvals for r the Project to be heard by the Board of Zoning Appeals "BZA" on April 15. The notice referred to an initial stu;iy which was not signed until April 6 (the 114/6 Initial Study") . -Therefore, it appeara notice failed to allow even the 10 days for review the notice Itself allowed. The 4/6 Iritial Study was apparently re-signed on April 30 by �• �'` planning staff (the. 014/30 Iritial Study") . 4/30 Initial Study + ' differed from the 4/6 Initial Study in that several mitigation measures were imposed by the BZA on April 15 and incorporated into the 4/30 Initial Study. There has been no public comment period a; with respect to the 4/30 Initial Study. In fact, there has been no ' public comment period for any envirormental review associated with the action before you tonight -- the approval of the DDA. 4 .. �+ The City/Agency may not legally "piggyback'' on the negative ' declaration approved by the BZA. That negative declaration was itself invalid on the basis of inadequate public notice and For the x substantive reasons the 4/30 Initial Study is invalid, as get forth n below. Moreover, the ,California Environmental Quality i y Act (110E QA ) requ".res that the "decizion-making" body approving a project itself approve the environmental document supporting its action. 14 Cal td. Adm. Code Sections 15356 and 15074. a p..� •� L%• 1 1''t7 I f, j..•rf l4� t. Nit-, + ., 1 t ! � �(% ,�.�r; l r r B •`s t . , ;y 1, �l r «� t'yl '� 1. L .t- • t., 1. i ,•. .,`»'., ! 'If !r ' h•1. firlrti 11'`ti a •, r , .1� :t 4,v.� t � 4 y. ,.li V,,r�. ♦ ;Irk ,� - \` '1 ,/ Y7., �� r,!i4#, , t �,� � I A^;�.IYY '11� ' r 1 � ,/` ',q � ,_ ll rT• ha I�r 1 to T Y + T! } 3 .t ' Honorable Mayor and Members May 41 1987 Page 4 w. Both th_a 4L6 and the 4130 Initial 5tuc L2-s Fail to Consider All Potential Environrne•ntal IMp+acts. The checklist employed by the City in preparing the 4/6 and 4/30 Initial Studies is wholly inadequate and lacks the specificity required by CEQA. The 5 general questions on the form (which $ ►�� apparently is found only in the City of Huntington Bench) fall far short of the specific inquiry which might reveal possible environmental impacts. In contrast the initial study checklist used by the city in determining whether or not to prepare an EIR �• for the Talbert-Beach Redevelopment Project in seven pages long, containing some 65 specific questions. Many questions as to whether there might be environmental impacts associated with development within the Project Area were answered in the affirmative, indicating the naed for envi: onmental evaluation } regarding, for example: lb. Disruption, eta of roil; t ic. Change in ground surface relief; lg. Exposure of people to geologic hazards; t • �,,; 3 . Change in rate or amount of water runoff; 6. increased noise impacts; r 7 . Increased light and glare; ; 13a. Generation of substantial additional vehicular movement; 4 13b. Demand effect on parking; 13d. Alteration to circulation patterns; �•. 14a-f. Effect upon numerous public services 16a. f. Impact upon utilities r� Without agreeing or disagreeing with the initial study prepared for the Redevelopment Plan, the City should :explain why it � reached the conclusion that there are significant- environmental � effects from development of the Project Area, while simultaneously 01 concluding there are absolutely no potential effect from construction of the single largest industrial facility within the project area. We believe that that prior initial study proves the 4/6 and 4/30 Initial Studies incorrect. r� The, InititAl ,studies Fail, tc Take into Account, Fumulatiy2 Impacts �p CEQA requires that cumulative impacts of past current and probable future projects be taken into account when deciding whether or not to preparo an EIR (approving an EIR) . California Public Resources Code Section 21083 ; 14 Cal Adm. Code Section 15063(c) . The 4/6 and 4/30 Initial Studies completely fail to take i these matters into account. Most notably, the impacts on traffic from existing industrial development along Redondo Circle together with the proposed development has not been analyzed in any r , rr�r+wrs..n.wr.•a.a.+w�..w.MT77a : 7.'V'1 nVr+fK '�'ti 'lr �y�Cd•j�, �3'. 'r },'r , i' ail... f.� i' '' ;. . I r :�� ,. I „ 7 •3, 1: � s `��• A V r a � •f ' w'144 L' ' J1 V.; ,f / 1 0 1 i Honorable Mayor and Members May 4 , 1987 Page 5 competent traffic study. Yet Staff admits there will be an impact r "} of some 1500 vehicles per day from the Project alone. See Memo to BEA from the CMO, Assistant Planner dated 4J15/870 attached hereto and incorporated hereto by this reference. There are also numerous developments underway or planned for the near future which will impact traffic. Thg_Lt ence Reggirea that an E:rR pekgglgared An not forth in the letter of Chris Joseph, submitted herewith, evidence already in the record shows that there is substantial evidence to support the conclusion that there may be a significant effect on the environment as a result of the Project A and that, therefore, an EIR must be prepared prior to the Project 's } approval . Mitigation Maasurgs Att shed to the _4/30 _ Ini%ill Study Indicate Sj,,gnigfcadt Environmental I,moa to Exist The planning staff's suggested mitigation measures refute } ! ; staff's conclusion per the 4/6 and 4/30 Initial Studies that there are no possible adverse environmental effects from the project. ri , =p_4 Nitial__Studiex Do Not CgnsdL All Potential VarLa&iops .or t 4. Project The DDA does not limit the potential uses of the structure to be built. The 4/6 and 4/30 Initial Studies are in'Cbrrectly done• r, because they do not consider any use other than that by the proposed tenant. The Initial Studies must analyze the impacts associated with any use allowed in the M-1 A zone. h T1L_ Project has Chal3ged S I9eigi�cantly Since the EIR fnr the Rgdayelormgnt Plan was proved y F The City/Agency may not rely upon the EIR certified by the r. City/ Agency in connection with the adoption of the Redevelopment .. Plan. That EIR specifically anticipates that environmental review would be required for specific projects within the Redevelopment , . , Plan area. See EIR at pages 1 and 2. Furthermore, the project considered in that EIR has changed significantly b virtue of g y y (1) the proposed elimination of the extension and completion of Redondo Circle; (2) Modification of the a location of the Senior Citizens center and (3) other physical changes in the location and intensity of development. Moreover, the data relied on in the EIR is admittedly wrong, according to N planning staff's own numbers. for example, staff estimates traffic , ^. ,(�1glp�i�iYi�M/IN3T17�1975�'17JY�1MIi'AirbtirliXSTL`L�'Li5'. �,�''�9 ;PE y;', " i t 7it t,r t � •, ' J It fL;�I C':'.�I �1'`' �A •1 IL lk J1 oar- sr�i ., j .f• •�' .04 - / - ' r .:.�' '�( � Fri 9./a .. .• , • . yS �w ° t 1 • ♦ 1 • ' 1 1. 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'%1' •'r �� I ,•.• ; . ,� Ca ace �� ,1 , . 1 1 = 1r � . 1 r [ell o i 11 II,fie y � ,s :�• 'i Y: %• [� � ��,//'/ (.��✓'_""_ ,�'�� '/`fir T"�� ' f � �r��Ik1 f,y�� •ll�ll% ��'1 �,��Vw � L�• r�� •�Y`G� � /�� r��T C v✓+��... � � ✓ � tl L�•t. /��t—L v�f"�jt(/�CG.�'v'��~, [,�L ✓. -'=f''I='•��'�'r ` � r flr'1. i� E' ti,,j! I,,�{,• � �5 T`�'' �%!��`�'�(iVi' t/� �^�4 = P•^�"'`�� r`'`'v"4.'Y'—' ,: 'f�•�d '�'t}�IJd lI f•JJ F• _ �T1 f � w .M1/'l�•�••' r.. r» Pj:,?Ik',I:Kia�::li`YA"��IF'/1'il�'G �t�l4 flyl� a r If !• a � ,I y f . r J f l S' 1 r lb v 4r 40 AV ram.}.*'-�' •'..-' .- . �;� � All Afii 1 r" • .. r,. a ,7} ;�'• �'i s4� ' • � �'�Y _ r: ' k 1• 1 • �+ r • t••�K , �ti•yr r �/A i r ��Ja. ,. ♦ }� �'i4, • -40. -44 ♦•.' to -•F-� ..�v a � � �. 4 p.• c •Lr a l V r t� i ', 1� � � •h tt ^,rim' .r r FNVIRONMFNTAL TELESIS EnAronnientol, Land Management, and Transporiallcn Planning �. Kay 4, 1997 ' Mr. John r alsher !r Weiuer, Kwm, Ballmer Derkman 354 South Sjr:ng Street, Suite 420 + Lus Angeles, California 90013 t } Amlysiu of Environmcntal Doctstentation on t2r� Talbert-Beach Industrial w r, project. • '' Dear Mr. Delsher: �, \f This letter report will serve as my analysis of the environmental ,. ., . documentation regarding the Talbert-Beach induotrial project. To assist in �'�' � _�'� � ;' this analysisp the documents lister] in Appendix A were reviewed, and an on- 4 , ` ) site Inspection was made of the project site during the morning of May 4. 9 .: Please note that the Negative Declaration/Initial Study was not avel lahle _�. until April 30, only four days ago. I do not believe that four days c constitutes a sufficient time period for the public to respond to the proposed Negative iiecl aratton, as provided in Section 15073 of the CEQA Guidelines. I also 1:419ve that the Negative Declaration circulated for �rY public review does not adequately docum ut the reasons to support the finding " P Pp 9 ta r a i that the project will not have a significant impact. as mandated by Section 1.5071 of ttr. CEQA Guidelines. In fact, the Initial Study checklist for this �' i; •;�, � :�' i • •• project does not even state which signifi:ant itwacts axe being mitigated. '� ,'• ��I 1 1 ) Notwithstanding the inadequacies of the proposed Yegative Declaration � .4 and Initial Stud m analysis indicates that theee is enough ey4dence that d J ^ 4 y, Y Ys g t the project may have a significant Impact and conse unntl that an �r 't if; Environmaital Impact Rf1)ort sh-juld be prepared. Essentially, I believe that the City staff has underestimated the environmental impacts resulting from. . r this project and from this proposal in conjunction wr*h past, prevent, and L ) ri reasonably anticipated future projects, all of which wiil produce cumulative ittgacts. Following is the rutlonale for thii assertion, which is discusned by environmental category: CIRCQLl►;4IOHa Although City staff ; ss correctly predicted that the ; •, t =: project will generate same 1,591 vehicle trips per day, no studies were tci ! prermred concerning ilea traffic impacts or. the AM and PM peak periods at the �; 1!.41YiY', - f intersections serving the project site. and at the major in_arsections in the ' `•� project locale. An intersection capacity analysis is generally wnaidezed by both environmental and traffic consulta,Ats to iA v^ key component in measuring a projects circulation Igxcts. to fact, such information was regaeated by + -lip 1 the Cb v's Engineering Planner as far back as July, 1982. The response to this requeot is stated in the Final EIR for the Redevelopment Flan was that ,c;^ specific projects proposed pursuant to the Plan would be subjected to further �: it e.vironmental analysis. Clearly, this analysis has not been conducted with resper:t to this issue and should be examined within a new EIR. ♦� :r+ 1� 'rt 1'1/li`.. ,♦ 1r J•1 a '� '.t� t ' 41. •••� i. ;d' P 1 k,'y'� � i+ 1, �i). I,��•+� � A� �1i f �I'yn • 7r 1: tt ` 1 Arleta, fa 4 r An 'g$A8 Rosl�y�ncfo anus, a, C0 " R � t Ir" Ty, .,,5 ��'r�•� }�rrr ,� i� d '"�' �r�•. �;' r '1r� ,Tj" <�+. �K '• le Avenue, et II T^rni 3� 7 . .. `y y ; 2}+.T 1'tr / rls l',• L 1! ••• i 1 ' i r'�a 1!1r• yl i' ��r. T P p,�i�i r r r �1. ,i. • ` 1 +( M,yR '�' 1')f •f 'r'� r Y r4� 1 y 1, V 1` , � .,. f1,1. Iq� `��p�) Y .t: .• 1• �y J .r, uA¢} 1+y W. !, „ -••, }' , r•,,r ,••. '1 '', !�' a�l, ',',�11+ F Ir ._�.......a.+......y u+•�'.•r.ea><.n,•..,r.a...sA-.MI'r•11,•.,vv�I''r',.� , ylN' 1 - r tlr. John Delsher M.iv 4, 1987 Pa •e Two Tree proposed Negative Declara'inn and Initial Study for the projec+ also fails to address the project's acce:,s and parking Impacts an the already overburdened Redondo Circle. Without the completion of the extenslin roadway between Redondo Circle and Kovacs Street (as provided for in the Taylor & Beach Specific Plan) it can be expectO that the poor operating r:nditiatis, Inadequate access system and turning radii, and deficient on-street parking on Redondo Circle will be further exacerbated if the Industrial project is approved as proposed. A detailed analysis of these impacts should be ,y l analyzed within an Environmental Impact Report. AIR QUALITY. The City Staff has failed to ans.lfze the air quality imr.acts cssoelated with project-generated vehicular traffic, which I brlieve are significant and require mitigation. In fact, nct only will large amounts 4^" of pollutants be emitted, but the level of pollutants generated will far , exceed threshold levels of significance established by the South Coasi: Air Quality Mknagement District. 1 The SLAW. 's Californih Environmental Quality Act (CEQA) Implementation Guidel!•;:arl suggests a numbQr of _,riterla in determining Lhresholds of L';.:lance for ail: quality impacts. one ;,uch criterion states that a � � ��,�•' sigrit.'.vant air quality Impact would occur when a project would: i•• I f rs�li r f ' ;• "Result in a net emission incrrase, before onslte off.gets, �.� equivalent to the current New Source Review significance levels as deflued in SCAQMD Regulation XIII, unless modeling denlonskrates that the source will not cacje an existing exceedatice, or make :measurably +orse an existing er..eedanL^e, of any skate or fedeiral ambient air qual ity stanuard." Thin measure of significance applies co bath stationary source$ (a source of pollutant a wh+^h is Immobile) and projects such as the Talbert-Beach industrial nro,'ect whose primary source is the generation of new traffic (pollutants "emitted by automobiles travel ng to and from the project site) .2 r.. '( ",• ' The District's New Source Review (NSR) Rule threshold levels are co'.,i:�ered to the prcject's expected mobile emission profile in the table ',elow. Assianing project-generated traffic at 1,5p1 daily trips, average trip length of 10.0 miles tiave_'.ing at 25 miles per hour, and k.roject-occupancy in 1 the 1988, project would cxreec. daily threshold levels of carbon monoxide, t which would constitute a significant impact upon air quality. AccorCsingly,, this impact significance should be acknowledged within an Environmental I ct Pe port and a ro riate mitigation n�sures should be mid �' 1� p g implemented to California Envir.)nmental Quality Act Implementation wsidelines, } ?'' South Coast Air Quality Managtsnent District. .ebruaty 6, 1907. 147 .S Mr. Brian W. Farris, Head, Energy and Environment Section of the South C Ast Air Quality Management District. March 19t 1987. ,. ,� �nl r1 1 +�:+ 4 4• ', ,, . .. - li ,�,� air• ,� {{'pp 1. 1• 'f ., \ , _��'W.tic S i. .� I II t Y •ti• 1 Yf'r r ;. J AMI �„� k� �Ji........._ .. . . .,: •, _. _. . . .... . " it 1 ' J•, 0 =r { Mr . John Belcher - ' May 4, 1967 Page Three ': r •�>t►+�s*+.R+*•�r�RR•.R�'+.l4Rs��•+/hR4iaR�RRt+r+rRa:trR*��+ReR�wsRrkR*:��R.keR��R <f POL=ANT Nm G1:yF.L1 E'twncrl SIGWIFIC.ARr IPW1 LY? Carbon tionoxide: 550 569 Yes f 111 Total Nldrocaxivns 75 53 No el!tru jcn Dive'+:? 100 61. No EuIL'ar uioaid.` 15b ti No Part iculatts 150 12 No 1;�y 4•r� Pounds por day. �'.� .:1,'. ;i '+, �►*•RRRRRtlARRMkfAkARAA*RARR1AAf•*A.rA}r I,TRytlRAR#RRA't**RtARv*R#:RIYRAARAR*ARrRR .y"'.. s•. reduce such impacts to acceptable levels. t• '' t Even wi- the regional air quality impacts classified as significant, an ?r environmental analysis should also be prepared on tho rroject'3 near-field (local) effectsparticularly in light of the fact that circulation problms " on Redondo Circle will �.a.srn with the project and without the Redondo/Kovac3 e3xtenaion, causing automobiles and trucks more Idling tine, resulting in . larger amounts of pollutants emitted. Near•-field impacts rn the cen+or citi%•ens eonplex should be evaluated. Finally, no mention was made In existing project docmer..ution regarding whether or not the project will emit any stationary source (factoxy) emissions. If so, emission calculations should be prepared and-resulting impacts analyzed. q �= NOISE. chapter 95, Sectinn 9510.18 of the Municipal Code requires the ' preparation of a r ise analysis for t`eis project unless, among other itecm, { �►�.;.`',�, _ provisions are -ad, for adegtmte noise mitigation nkmaures. Although she �;i,k�Af. Sy i� Negative Declaxatioil�, ' �,, � • �� ,, � eg does contain mitigation measures, their. adequacy for this project should be evaluated within the ccntext of - detailed noise study , which examines Lhe r •nject's noise generating operati ins, including its machinery, co ! ' 1 pros s, truck loading operat ohs, ,end project-generated traffic. Alt' nati the City staff should extend the time period for review of the initia .idy so that the 1983 noise study can be analyzed to ,r determine the adequac• the proposed mitigation, measures. At a minimurn, �; < * the City staff shou. indicates in the Initial Stbdy why the mitigation ' +' measures are required. r " CW',GLATIVS IMPACTS. According to Section i r-65 W of the CEQA '•iidelines, in SIR is required when the project has possible environmental feces wh nre cumulatively conaiderable. I believe it is reasonable to ;ume th he impacts of past, current-, and probable future projects in the , noun locale analyzed in conjunction with this project could be L de - nulatively cansidetabla," which is above the thre5hnld at which su WE may have a significant impact on the environment. For example, !s +J r J'.!, �. ,II .Jy{*Ii�t..uSYattl:'n[.'7irv�A•..nn..•+rv..•..r• r.-r.-...cY.. ..r a....�,t .w...•— ••/�'^?1..'►�.t �y '• ' ��. •� ill . •{ I ', - ` •'1��i', rt.1P•`�' ,. ) +7•y I 093 ' `'�+ it Y,a •' , .. . 1,✓ - ' � 1 � j I • r • y , r •1 } It ;40- r• ,; f�u ,•Y- f4 + r.r VV 7.; f f � f ?� h� c: } fry1� V, • - �: /� • flA•-tax _ _ � f!Y tom' ,'� - •.I H.. �b:�,�• � � l .y _ �� 4�; t �•�{ �9v7•: r of ! r XV V Y t 1 lv 14 rr ` r ,,.ti'.J�4.•,. A I f' v • ♦ • ` I .: i 4 46 . r �' r w� ',Y 7 '1• er. 7 �r •�t y ti 1 ne f 1 1 APPMDIX 1, , y 1. Initial Study, Negative Declaration, Envitonawntal C'_earall-e Report, and Mitigation Measures for the. project, dated April 30, 1907. ' 1 2. Taylor &nd peach Specific Plan 73-1, anended on February 22, 1978. i� 3. Final Focused Environmental Impact Report for the Talb,-rt• aeach Redevelopment PioJect. April, 1982. ,1 4. Redevelopment Plan for the 'Talbert-rieach Redevelopment Project . � = 5epteiber, 1931. 5. Huntington beach Municipal Code, Article 951, M1-A District, 1 F. Mtmrandum frcm "CMO, Assistant Planner" to bZA, dated lipril 15, 1987. ri 7. Miscellaneous 13ZA letters regarding Conditional Excep'%Aon No. 87-14, 1 r. Administrative Review No. 87-15, and Negative Declaration No. 87-9. 1 yl" 8. Comnent letters from existing businesses on Redondo Circle. ;'A�"'"..'r' C •ro 9. Noise Assessmcret c osed Senior Citizen Residential Develo nt • 1, — p Prepared by Va: Nouten E. Associates. April, 1983. a� + �i:�rY,l.�. ,f+ l,• ^ .Qq 1' it 'Y r l 1' � e• l 1 r}, 1 r�{.r .a. , IM' rl:� ,t�hY;FWI� 1�•!/•il;A 4VP L'Jir'' :(t l:i�elfi�ll�. 7 8'r'f�i e:lh;ii;iYK.l7(b'i:}T•i R' .. ' r+.wt � fFf " 1�� ' }1.r' M lam•! ,t' r ( lY' r'`J4' n� (�. .i,, �, f .1• a5 ••�� 1`• '.,.,� r i». ',r . ..:1; r � r ' ,'+' y;Y � ;J d i t� ,� ,t''7 .:. , ,flu ,AY,.� �1 �,�� til ' •• w. � �, •.1 ' r ,•.� •,• �il,�,�,��V'l"','� '�.Y • :' • 1 � � L�r 7r• J tvh;�, '' ,t 1.•" �, i, o CHRISTOPHER X. JOSEPH Principal , PROFESSIONAL EIVERYENCE Mr . Joseph i, responsible for the preparation, analysis, and ' review of environmental impact documenE.ttion for large-scale ' • development pro jects and government programs , i-cI ud1ng Env lronmental Impact Reports as required by the Ca IIfornii � �Environmental Quality Act and the National Environmental Policy ' Act . Recent projects included an analysis and rev iew of environmental documentation for a resort comple;; In Topanga /,1 + Canyon, an environmental as,se:-sment of bakery operations in Glendale , and an environmental analysis of a light industrial ' redevelopment project in Huntington Beach. In association with The Cordoba Corporatlon, Mr. Joseph' s projects included environmental analyses for the Metro Rail ,. Subsequent Environmental Impact Report, and the preparation of ��► � , EIRs foz the EastsIde Enterprise Zone and the redevelopment of Pershing Square. s 10i ' As a Project Manager for planning Consultant:, Research In Sa1,La !lonica, Mr . Joseph' s rerronsibilities included mana'linc the _a��;' resrar.ch and preparation of environmental analyses for large- ; scale urban , commercial, and industrial developments . Mr . r M ►, Joseph I s effort3 on numerous projects included proposal , development , research , report writing and production , ''� �'"e � presentations to governmental agencies and management of staff �� • � j .. and subcontractors . As the Environmental Affairs Mansger/EnvironmentPl Affairs .01 ''�tN -, j, specialist for Rcpublic Geothermal, Inc. in Santa Fe Springs, Mr. .;oscph was responsible for directing and managing the Company's environmental planning, pertrit acquisition, permit compliance andr.- f environmental monitoring activities for all operations . Mr. i,rx Joseph provided technical and legal. counsel and guidance telative to potential problems and potential corrective actions to ensure ; compliance without unnecessary impairment of operations . Mr. i! Joseph represented the company with regulatory agencies, elected ii officials, and special interest groups. Finally, as Environmental Special int ( in Bakersfield) and [ fy , Environmental, Engineer (in Los Angeles) for Unocal Corporation, 7, 4� 1'�} • Mr . Joseph managed environmental programs in air and water r � s pollution and hazardous waste con•,.rol affecting company operations . In addition, Mr. . 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