HomeMy WebLinkAboutU. N. A. INVESTORS - 1967-02-20 t
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ORiGiNAL. COPY
for Master File
TO CITY CLERK,
-41S AGIREEIMIE a�'T is unsae cetwef, U. IS. A. investors, Inc.,
8 California cor',ov;z Lion, ht�"_`lnnD %;er Called and the
City ax HuntinGtVr� ?each, a Municipal cc- vraticn, h`.:rein5fter
called "CI y",
UCITALS
1. UNA. PRC;r:-RT'1.
THF43AS, UNA Is currently tmder contract though
escrows described as 8untixi ton Valley Bank, sswrow E3o.101 -1179,
First A e-ri can ''pi tle Insurance �.r.d Tru.'st Co:;;-any, 3scrovrs 1,as,
875102, 874342, 87434i, 8�14291 and 8743b>> to r-urehase certain
real .roperties mare s;' rticul rly described in Exhibit 'A', at-
tached 7,7ereto and by this refercrze Ineorporated herein, aui
hereafter called the "Sholping venter Prolrerty."
the Gity intends to widen -'nd imp-rove the
73reokhurst Street north f rota Hamilton Street by an add}tioral
thirty (30,1 ) feet its ep sterly bound,:ry, and to t'�}at end
is c01 to plat n f'ilinf; an: c .airs* D,,ruers oll' re, yard: of
all to i;,s In 'rraous 193, 212 ,-;nd 223, C11ty of jju tin.Ztor. Bi,,aoh
front; on the .;asterly boundary of rookhurst treet.
3. 1.7 14A 4conteI pip—tes a come-cla'l us-x of heir 1;roper-
* sy, axed, is willinZ,
to €}�.ediorAt� ciid. Improve therm m;arties
4. T111 s area 1, co ax:'�' knaim F-s '-wtacycloped ..' L-)ts"
Theca 10tw r=e subatandasA z,.cordlnj to t j:' _ty Ordinance,
Oxid ere rot by themselves legs, buildjrZ sites. Th.eroforer
q
4
parcels which hive been subdivided in thin ma4r.vr halre created
a hardship and problems for development,.
NOW, in of ,auti.eal ,,ro-mises,
the parties agrees a a follows:
1. City will pass s resolu; ior, tt widen and improve
vookt,ur:,V Street o its ultimote rig:it-of-w--y, along Tracts
193, 211 ana ?23. .
2. rlondemnaticn of Thirt (30_1) Fo9t Strip. City
t9 ,tx:menLe w n action in eminent domain an ainzt owmers
of record of all 1,,reels o, land t;ithin Tract 1513, 211 , r_d. 223
Match Front on Erooldvarst Stre t >iima wiUch 1.re not part of the
she,wpIng ==ter _;rop;. rty. In this connection city Shall take
all a�.;propriete action tc sc: uir, i edi` v6 zossersicn of sail
x� reels land. to be ecrdemned. City a Tees to c;cgW,re title
to each ,,, .reel or lot condemned. in itz entirety. %ity furthex
agreez to decisre all. Lends no acquired., tc, the extent ti,._"t they
are not actually utilized as ; art of t.e intended roadwey, to
he surplus r.ro ;erties cnd to i :,ledi• tely transfer said surplus
propc sties to Li uA ixa c >.s{ ,r uion of [I 's unf� rtokxn; c in tn3 s
Agreement.
3. TINA will be r"ewponsiblc for pursuing e eminent
+�.omain action, and. in .het mat'.t:r be 9p�.oist,eed to carry orl as
,special Counsel for tlx: t,ity. MA will ; v all the coat far
obtaining the right.-of--c ay and the improvement of said right-
of-way.
Coz e:lrxation. of Intersections.
City agrees to diligently prosecute its presently
r4
filed action In. eminent domain, Oran e County Su ,'-rior clourt
r.
CiVil Action No. 139717 ati ,described in P"ra zz^aph a of the
Recitals to this A rua2ent. jai this connection City shall take
all at:vro xi to action t"a acquire is -edi, to �p ossession of all
ccrAd,emn,ed ;warcels City further agrees to decicre all land$ so
acquired, to the ectent th--t they .ire not actually" utilized as
p rt of txie ".nwedded roadway, to be surplus ,,rope: `_.es and to
transfer said surplus xozerties to Mr< in ec,-r,iderati(,n of
UITA's under^taki ,s in this Citby shall Kay oll costs,
awards az4d audgments i:a urrec? it said owidemna ion,, exoept thDt
MA shall reiebQrse 4ity for the amount of the a,.ward or ju ent �
assessed a,;ainst City by reazon, of its co,':demnaticn. of Lot 22
of Tract J.93, or Uj,1A shall i ei:mburse City for the amc ant j.;r'id
for said. Lot 22 in settle lent of said o,%'fxxk:emnatian. City fur-
ther agrees th t it wisl ,A.ti? e all street improvements cn: the
y p (may y� y� S � �y �!/q (.. ( {
iAdL eF% ,Y oi.!- ty 4 t no coe:3 L to
5. &wcess. City 9";Irees to _ a it 'U1,4A --nd itz sho pin
center 'roperty, uty tj ' zlnlrcel, .'t�4d newly acquired
surplus to Tisve cz):::plete ,,--id wii'-;,strieted acceO�z to
Eroo"Urst Ini He ilton Streers. 11ty, a�,mes to t^<!ze wha=tnver
xi`yyIeps �,:..;4 yGy k�.jv.Lr}d`1.'t M" ";.ri�.IA4 +1y&.F{M'+qr+i<'$rF�sy�v� to insure t% . C,.i.-}- (��+aJ.k1J�.%$l�lnez�y /�
` 3."T.nd oUa.(o:5.� u11�1..� l-,jaz on 7JSA.we z,.f r.w: i.4e+s prc ":riles and on he t'ro,,os-
ed. roadway ;are pltaoed in �.er anam trader rci nd ti'xas in such
za ar az to free =:aid unreytrIcted vehicle ace s to sued
abuttin„ streets.
Z eoo:z�t�e of ':,'rust Deed. TMA, ogees, iaaedi•'tew
l a)�On acquirlr,,,; title to tae sat r-r-iAg Geiater 1-ropCerty, to
00«use the beneficiary of record and 6he tru&tee of record HZtSder
the Deem of Truct of record r Morded as Dooume4t No. 18'?,9 in
r7,
Book 7424, ?1,4 'thmugh 716 inclusive, o-ficial =: c-ords
Of Or&44e Cou4ty, 3 i orxitn, to e- ute i w;r rtia2 re—=c vey'qnce
of s-id Deed of rust rei.cesizzg its, lien from all of the en--
�umbered: city troy arty, This shall be done i�t no cast to ;f ty,
=e`
7.. In the original subdivision of t,aese x ro�erties
there were eoueraents dedi anted but were never used,
and to fecilitste tie developmeni, of tx2bwe _v--o_�erties, it .,,Ill p.
be necessary to abandon these rl,;ht.-of—trays. The City agrees
to taI2� whatever steps =necessary to abendcn the ri.�h.t-of-v;ays
3 'wW.b3m this --reel. yP�
8. conditions Precedent. All obiiw- tions of each
partT to this , reexont Gre .,i,..dltioned on U.NA"- ,final aoc:_uisit- �
ior: of title 4o a the sho ping center x`ro : °ty end to the closing
'
of the Puroha�-P escrovis t-j ribed in -rc r4pI, 1 of ti,.e ;recitals
to t Us A ree wnt.
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Dt::ted; 30,6?.
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VKA
zxOF
a, Nunieizal cor..Orntion,
ATT,=.,
n`. CITY
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My$J s PAvUL C JhE`
CALIFORNIA92648
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HOX 190 BET
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r 1`ebx'u.ry 16, 1967 ^ ",. .ti
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COUMCiLMEN
ERANCER
JAK4,R ST EVWRRT, MAY-w'R
TED W.EAR"LETT
ALVIN M COEN
ERNEST H..GIEL@R r.-
N. _:OHN V.V.OPEEN i..
OP, HENRY S KRbiFtAAN �,
OR.OONALD'IS-=HiPo.EY
vity Council c,nd Ai Ov`"zx CITY COUNCIL
E (�
Doyle i"r�.11t.7`� �".ity ..,�9F Q..��
kdmiuistra}or,
_ity Hall
i '=untinrt`.n Beech, v' • - r.PR.,.�,
entlemen a
his r�e,R,c��,. -rains to a pPrcel Of 1"wnd
!. ,i.iGk� is to be Ll.''.:'t'.1i`-'SE.d. ',1"d d.eveloped by laT.i..ti. I.n'
vestors.
In Ordar tO --aedic"to :.tX1d. r.rove BrOOkhurst,
several z7rcels ti,.ey do not Oust �e ct�b3emned•
ran B
rney LU.. .A. } ire :ri3?izY to do the 3.et �a1 v;ork end
uay the ex erases for this c . demnation.
L .i,Yu' Svill9 tS3 L'. ` .' ail�ie, .- elp the ^ity -.
financially on our a resert tion w=t Tcmiluora
and BrOOkd lxrst.
yje have nZreed to a i.rocedure i?a the
pact .with Luxury Hamel:.
•ies��,ectfu�ly,
A--."-'t. City yA t Vorney
LT'r7 a iA E (}E'R s r ris
^c->vs
tArtES n WHEELER
r, wu.,;.Rc0 v.w*.:e narxxa xCk�E2w A. Rr-y"OLDS J+Iv'rNT S �A uati4.:'F;
k�Al'�li1,aG G'1LRC Tiyi' ..YS[Cr`A1Vi�CF-S>r
a.4 Am>G. gb"xuA ltfficFd WSPTHY
e6cft%w"av A -a b'.
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