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Home My WebLink AboutCharles River Properties - Griffin Realty Corporation - 1987-05-047L 4, L i.G V IJ ri ry. A 4• • 41 0 - 4, fly P.; A! 4l 11, ?i I h A f ItoI q q P i�r q alit VrAl IV� 4 NEGOTIATION AGREEMENT .4 R 7e,r THE REDEVELOPMENT AGENCY,'O'F THE CITY OF HUNTINGTON BEACH, a iiiblic body, corporate and p':Ilitic ("Agency"), and GRIFFIN !;ELATED PROPERTIES - 1, a Ca"ifornia geneial r.%.irtnership T'Griffin" and sometimes "Developer"). enter Into this . lit, Negotiation Agreement (the "Agre,ement") on the terms anti provisons sat forth below. R E C I T A L S: , It VI I The Agency has been and is in the process of implementing the Main Pier R3dell.relopment Plan for Main Pier Phase ri. 14" 4n .3 2. As of the date of this Agreement no owner participation %! agreements or disposltion and development agreements have been executed concerning flhe subject property. 3. The parties hereto acknowledge that tlie config'oration, use and tenant composition as well as the economic fehisibillty.df U2 proposed development have not yet been determined to the satisfaction of either pasty. The Developmei.t Site is that two (2) block area bounded bMain Streett Pacific Cocs- Highway, 6th Street, and Walnut Avenue comprised of the ]Residential Site north of 5th Street#, and 0 Lhe Owner Participant .Block south of Sth Street.' THE AGENCY AND THE DEVFLOPER HEREBY AGREE AS POI -LOWS: I. (Section 100) NegotiAtion. A. (Section,161) Cood -Faith Negbeiations. ll 4 W, 17 w The f Agency and Developer aaree or.,.,the period f42 set forth in Section 303 below'to Ae'gotiate,in good faith to 116. 44; _F 4 agreement ("ODA";) to ba 4 prepare a disposition and de-�'eiiopnient I eDevelopment.Site", w'hich Aisnthat certain epr'opertincthe'Protect gy lopg Area in the City of,jiuntington,Deach, shown generally on. the map W", P1 In. . attached hereto a"s- Attbchment No. 1 and incorporated herein by ;, .Ar this reference and which is further-des6ribed in the legal � 1; deicription.attach ed heretoAttachment' as ''and -incorporated 2 and-incorporate herein by this' reference. The Agency agrees (fo,t the period set U forLh-in Section 303 below and provided that this Agteement M-A remains,lin:,effect) not to enter inr-o,L a negotiablon agreement.,, a disposition and development agreement,,�, or any � like agreement K.4,th ALI '3ny other person or entity regarding the Development Site, other RA, flz Jexq;q than owners ,!"Owner Participants") within the Owner Participant Block, without the consent of Developer. The foregoing shall not J Mr, N JSdt jrV 204 R ln �Jjs :7 11114,1) ,A 'r-i g 4AI r 1 a. ...... AA, J " 'i k r I-"�.,, •� r ' 'i�, S•, � ., s .�I,,.+ 1 % 't _ i. •t. Alt ��:� ! ,•' ( •>.,` ,t . .1 q4i i;l 1.- a ;4_?s: .y� 1 r Syr, r. `:'!i ri. •. y '+i 1•. ,;..5 7} = „-..._ 'rr t. 't.: r� f. .+.: W .'e . l 1 s ,.- r '� ,. ? I ru �.l ,r ., t .. T`,)r t (�f' - •!:• . a+ ( .. ir,Si t' .r,. 1�'�-r + /.1L"-!{.li t. t.. ,',t : '.l t- :.,.•�7 .,,. ;": f'•. '.ti \.. :: r, t. r.:. �T1 l .C. A', .1 �' - •1Y • , i.',., , t'rl... ,..� ?i ..,. !).:,i . _ a. -. .' � •• t' a Pr , Rt. � 4 .1 � �� i 'R t '1 , J -rtt♦ ':- ..�_ .:� i ?Tj.t. .,,.:.r, •�..;c4tr.. `,:�! :,,' ..:. .„ .r i• 1 :,, �• tl.i^ :,,Y ` ., }%,. 1. Q•1 ,.',..rt<...,,., r !., ,: .. ,,,.1:.. , ,7. .rt: h ,.-F �. 1 ( ,w •.\' c - i,i, Y its' `+ 1 t.' j' r,T#1,'jr ; .;�:ty�'.�l•. t•d), >t' E r ti AF-/,. p :fi{t,, �-': it a .'. �'.. ,...a. '.. yr; 1i ,, .. .. •, :' jl _ r r,. : t{. '' `.? •7.' f/ S•♦ ar 4 l t,:S-' : , i. t ti' 1 c _ 1 • f ^ r s'Y:' S, •r q "t-�Yt.it± �• :: J � t ,� (,.:': 7 �: � :. �'-,,,�a"! � , � i :Jl, , I _ it �; •r t, 1 .a �1«}+T .'l K.- +.1 .� • � _ . r ;, �- •fit. i. tVn. .,, .I :.•,i vl+�•V�, . N..'. T'R i},1...,_• .. ii ttt is 1 .y{f. r, -,i• ,;` .^,�i ;aT. �, �f . , •�'i: f�,?,�.•:R 'art i� :� , „� ,:...� , ,,: t; I t . , ''ar! ';.- •, ;,+ti't ,....,, F .s. l•.aj1-. _ ,�:t - r;; Rr fit. :t1- { •as' ,i. `t7 ;'�'i��'r;.„ �•eLr ;,_ `J, .; F..,� e�.•,. •. _ .'.:_ 1.11 1t it 7J •t {'�� - 1. `� ,'f `t... r1 ,:) �a. (S.- -.i� (rr, :�t 1+►+-•± (-71 �;•h' J-'.''� j ,_ , •. '.: ]L'.., , � • r.a: J +}1: F c', -•` , ,,-�'r F 1 4" ,', �„{ :, j. ,{ ,, . � :.:r •i'� 1 tl .Y1' a� ,A .F r ;r �' jj? `' G�iir`: � Z t':''.;i�' �� i:J,-}-. ', ";.. - .,e - - • t jt' t, ,'; •y y to ;�y s♦:�• "-`J".? !,ti •i.. ;i; t �1;,< . `ill; ',a t `/` .��•,1 i t. t :s'. :'�,'.. ::.a+..\.. ,; .Lr•� .iQ i r .rr..•.:. i yt!..' ,:y. •T.+n +. _..�'. n! ♦.+ 1;s 1,s.S i'.Y':• t!. ., r14 Y, 1� .'•�i a,'� !'`i.y :I! _qk t,'. r', •a...•f. .'1* »j. { ...�.■rgStaK�lta4 .. r Wit, a'� s L.',. It,.o r, .� v. .... � w"%t...wt 'e�: � .,_' .a..•.ki :i ri .c.s i t r�r'�f ua:_ • '!1`,. �� 1 i�i1'i/1 y'!�'f'}�(�v.� i�' 1 \ J�n lid �'}•t,t'F :iJ i 1 ? ai Jtil a 1 11c, ,o►+ `Y�' �YIIT t Lt ,ri 1a %' +L1 ' [S tpy t ti 1 l �J �1 r i tjc f be deemu'd to prevent the Agency from furnishing to anyone public �ti, tr1lYt } + ,•r" ; i,' �t :�. r records pertaining to the Main Pier Project Area. The Developer further acknowledges, that its right3 hureunder are suhject to the Agency's rules for owner Participation, The obligation to negotiate in good faith reguires that Developer communicate with .r 1. `i':`�► ', �� riR' Agency with respe_t- to those issues for which agreement has not 'r;'�.. �t � � been reached, and in such communication follow reasonable yV �' - �,-.:" negotiation procedures includingmeetings, telephone conversations and correspondence. It is understood by the parties that final accord on those issues may not be ruched. NO,: B Sectio 102) • ( n RegUlred �iCtiaRS • ; � rC, o 1•. fit' 1,�' ,I•� ` On or before August 31, 1989, Developer shall .-•! �•• submit to the Agency a detailed narrative description of the general scolie of development proposed with respect to the Development Site (the "Development Concept"). The Development Concept shall include; j>r t'+ r-� #`� r <r it !:•� �} �, (a) a detailed statement. of land use/unit mir. •� and preliminary site plans and elevations. 4`1�� , �'elle r uj;� / , � r� t w� : r,1i�r�• i�+-'1 `ri'" ;•�t't' (b) estimate of ,development costs and ''• .:'M:� r. operating revenue, and equity requirement. (c) key assumptions as to ef;'onomic . ( feasibility, such as development timing, and any r commitments expected from the Agency. •yt (d) the proposed schedulingof tih,,,` ra oseu' t`!� �;T •.i development j� • R 'i 5��'•i"�`�ijjt'� �j}j_3'i`c 1 rr �F iry'.' !.. -+ .. '. rn'Ji 1 ��"� ..,. (e) the proposed source and method of " " 1 } � M • �; ' r financing . The Agency (and owner Participants" with respect to.;`Rr the' Owner Participant Block); shall' review the Development ` ��' ��•�`'! p The Agency` may either approve it, request modifications io rs w "� Concept. � ., or re ect it. If the Development Concept is rejected, ' the A 4nc `,- shall provide a list of deficiencies to the Developer, these, deficiencies are not;. corrected' to the Satisfaction n'of ithe Agency within thirty (30) days of such rejection, this ,Agreement shall. automatically terminate unless is extended b the nutual Y y r, f agreement of the Agency and Developer. Upon approval of the �; j► ;, `.� Development Concept, Developer shall commence preparation of �•' w�yy}j �� ,ti�,��tT 14•'J working drawings for the Development Site,01 G (Section 10 3 F _ �_,, � ��,• (Se do ) Acquisition Loan `• Within thirty (30) days after the approval of . this Agreement by the Agency, Developer shall post with the Agency an � s 2458n/2460/09 t i c/ � ' a, ♦Pr r • r ^;.�ii'l '1'�,;... .'.Sr, Y r; iv "1,3 :�� r A� ..'i. 1�: j�.M+ r /.: ��, a-�%S ��,}:f} '' . 1rt• r .! :1: :i '`fC �•. r"1,. w�• may- �j`is rt 4^'';, i r,. t' .•jwd >:. r- ','iYl n .{' "`rrll -t.' "'�f is �,. ..� !' ,z , �, ,,:;+i- rJ- T ��.;f Ti"%:�".�.7.., ,.,r-{ s ,rc.. j c .. + r�t t• � ,ii�� '+ 4 'F',ii •. .�::l�t. `_l� r.':• t 1 t.�• d ,/,. ,'��f 1, �: M J ' •.tta='f tts {: ,.., j.-yra r.:. �. f� • .V�,RF y(t l7 . i.:� , �•,:� .1:� , t-- r ,r ,�„(j{ r`,. 1tt. \ t" 3]r ,,.,R ti. •yy 1" n r- . ,,r•�.� �.';«:!. r .,Ca• t ., :; ..; 11,. �ti is S_.' +i :.R'}'+ , d^, ':1• i .� t. y ,: 1 .t � . 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I yfk,'.:, t1 '4..,tr Fla < ,, jj A•y� 77 ` ,1� II : 71t 1� +6� 1 •'. , '-,V t { ° `Nil ti ! — , po ST' •'• i ! # t11i 11 S I} t1-xt •, t {f l !' I j..'v t j ,.r , J;r F •, t 'r�k rr +'r T': Sf )t ! ;';i-- )rf ,�IIf....��NI&.J'.I I., � II,,.I�,I. �`VL.-%1'.I- ,' `r. �' irrevocable letter of credit (the,"Letter of Credit"), subject r'�' "4 z only to the conditions set forth in this Agreement, in khe amount .ems;;= t l n ry.. �• e k f}Y;tt` of Two Million rive Hundred Thousand Dollars (2,500 000), upon k 3 �t��i'l=•'� '' i ± : 1. ,,a which the Agency mny draw only to assist in land acquisil•iun and 1 t J r . i` <�. ;{ , ossembly costs, including the payment of previously incurred $ " �"� r ,...�Y AI,�, purchase monay indebtedness, of r al property located within the fl'" t i : , . ; F ( pevelopment Si tE, and the payment of a 11 costs referenced in l; }at; !" ,i , ii. ;' L` 6; rf ._Ail : Sectio.� IO2(1) . the Agency msy nor t,sc; any proceeds from the t►" t "."! Y� ,#,` :;i,�' `' ' 1 ,1 t;: ^' -,< Lather of Credi* unless Developer has reasonably approved or , 't.jj`,�.�_ L (rL�l `v>( %` ' 7►1' }At de..erminzd, as the case may bej (i) the condition of title and i)h, ,, f_ +,5� '` t z /'' `' t the appraisal for such real property, such approval or r(j.� (,-.7 Y �,�)�, disapproval to be issued within live (5) business day., Eol'lowing I.-,�/r;,i;-;,, , ,I �t{) �+ receipt of a preliminary title report (and underlying docalnents); I17"' 't ',� 1t;K':1 I ' t� (ii) the results of any soils and/or toxicity studies performed , 'EF �' t (i' � t f l tJ' • 1% 1. 1 1 t ",,,n . ;,,]t; r, , rr `� rI.I y by Devel.oner, for *which Agency shall arrange entry, are. ' t= 3#!: "irk ,h rJ') t- ;,('r��rn•+++.l. r ' , commercially acceptable; and (iii) that the net value (fair tqr , rI �t)V, ` i`/ a market value less all monetary liens) of trje real property which ;�'. , Y l '; r ti,,y��fl� is to be subject to the deeds of trust, as next described, is�; .•:_ i r ! �1 t r i; ,ie �_ �j suffiriertt to insure repayment of tl,e Agency Note. In khe event i f ``{I`1.Ic-a�, }L 'i Developer £ails t�� approve or determine the items described �� '+ ,, ';'• immediately above, for an�r reason, the lgency may texninate this ` '�' ' ' 1r1'1 � ,61 . : O V"'.. " Agreement . tt 17 /i ' * 1 y./ r// it f, �}� r';l.tli w; tl X. t: j tr +; K 7 tJ' r / a ,,I , � ," I.I: f..- , _.. I, 1VI ,,,-. r �_ , I .I,- ..�,.� .... Concurrently with the posting of the Lett►�r 'af Credit, t'a } 1 ►" r x r44 '` 1' 1 ..� ,.. 9 . N N P Y rat. t� �'- 7� the A ency shall eaecu�e and deliver to Devela er its promissor + �.r •� it ,r„ �. *It 3t�� ; r:t; it?, Y, ,j nuts (the Agency Note ) in an amount aqua 1 to the sum of the j -,.f�i<, r -,k draws by t•,he Agency against the Letter O£ Credit plus all fees, - It ^'t,, .' � t> `- Yf,.4JI_� t '"=I. ^7 costs, points and like charges paid by Developer to the issuing �"r�, _ . , . , tr"3.jr; `�yt •'ht�`' ' sank. The Agency Note shall accrue interest at the lesser of (i ) t 11;` .,0,�4 �i..r , +, the actual rate paid by Developer on the funds drawn against the ��i3rs {' ," .4f�; , Letter of Credit, (ii) Prime n according to the st ': r _ reference rate of the Chase Manhattan National Bank); plus one t�;,G' � Y^ ' errant 1$1 or (iii) twelve = , � i }1 „ p ( per�eht (12$) per annurt�. The 1'4- i, ..--:.. r - Vyf �c�` ;f,y; l� enc Note shall be due ( From the date of fi }}}r,. P,r(� s. 9 Y (i) two 2) years Ilr 1, ! rtJ., 11 l2 termination of this Agreement, (ii) twcr (2) years from the date ► �y�+ht,, of termination of the DDA, or (iii) concurrentl with the 1j 'r r'"''t' } `1} 1 '' `•` .urchase of the Site b Develo e: y •,fMrd1'{;i j1�f, r..,; h4t'�y'y, r y p pursuant t0 the DDA, whichever 11 '.. '" 1 date first occurs. . , II , ., . I : - ' I . r r�.;,xi,', %�zj W' I3 �1`;`•, The Agency Note shall be secured by a deed of trust r, , ! 0 ,�t . 1 : =.�f* ,...}, 1,I. ,3 L��It- against (i) all real property 'within the Development Site owned It s i "` �? ;��_ ; lr = , by the Agenc} at the time of the First draw against the Vetter of mot` `''r,rti `„ R Credit, gad ►i,tgA�'``;Yj�s.�.. '� (ii) all real property acquired' by the Agency with `c''r�� vr' x>�;L ;s-.� Jet;.*f; any funds from the Letter of Credit.' Attached as Attachment 4 I P0,100is`',t�' off" -` are the le al descri tions of the real *. y 9 p property now owned b the ��+ri �.l,��*�� r!4 ; t Agency; and the real property which the Agency anticipates that it t �f' i`i'��'' t+" `` may, acquire with proceeds from the Letter of Credit. nny real t' • �S ''�F' Y. , * (t` 0i r`. MY , t .3,?,fit ,^�t �f {, , i property within the Development Site now owned by the City of ��'��, =�i„i,' Huntington Beach .shall be conveyed to the Agency on or prior to '� JJ�a. �(i the first 'draw against the Letter of Credit. Concurrently with 11 fr,�R �� .,�, .tj+ 2958n/246G109 —3— rp ti ..' •3:i�' .:,ref .» i� c a t G �(r + E�;�',.k& iO;!� �, P'jl Y! f,i)!% ,!�1, l i 1 {{�f/ , 1,1t.' i,: ,i ! 1tt t , Y . 41-YL '' %.lam l r 1 i,? f . a J , , , ti� i e Y ;j ! a(7.y 4v Y ► ri{,1 �/, ,� !{`` f l .,;,, Jr -' , ,� L! ,t r ! r F `+lw� 1. k• 1. t-G i J (I1 irX 7f A S r v :t VI 1 , 4, •V !i !r fl �i J rYl„i;{• .-r IN11, _! �.� if t� j:� l Z� ') 7•r.�,.i lL 1 i.��i t -rA 11 ! r 7 l V i •tt IS t"t 1 sr j �f f. �. - h • f.,•7 , Ijr, "t:, c 1\ ! t S .lr :f It ,l Y • ,id=r J ! s, }• c t1, I,f , , r+ ` ro'• 37 ; r ti r s . > !�L!.t 7 r'_t 1%?l al ,.i+r Y `�• ��lY t' t L i t �1. a it 'r I. J i ;S r iC1 ! 7 r ',v it� p i t 1,3. ))JjSS, t 1 �' {S' "lr�ir' 1'4 i rf?. N i .} , t1 .'11'. , :.f !1 '' •,,i ,�' ' a r SIN + a %t,' `i�s ^'f_;Jr�{� n ��./'.:t; �4a {�r ..�itryr �`f. , 1 •,S� , i�l r, i i t .t '•W `�.tq1. .r..'t''k'�,�,I t.IA f• ,l.`/rS •. j` ,,�.�1 I:e�hi%i~� +', ,, i 1. ( i SJ )( !:` ' l � •�; ,Ii% if tl '. .IjNti 1 �`,fI 7 . /I )' f :4�,�rA}1';«;,'l0,j _1'� iat, ��ri i t ( i _.a r t 1. tl tA`f «/.:�' J I .�� ! °',-,To- i `,',%% e}, `;i; t;-%1. 'ittfr ��.r1.;. �;;fi r� .3 1j1'f t i 3. t ! y 1 a , t {. t 1 J f I�i 5l '�, I!( }%� . . l gin :RS 1Is j�1 7 J• ". , r : , . 1 ') _ .� I i ; '.i 1 -t�• :7• er n .i4�$ j` t i t �I=,,l-, a-•.t .',.iii'? + I* j { rV r: +�i t l ,Crud {Y 1, yr - 'ty tt .•r 1 Z1 (� i�t( r;'f ii±`t tl "tlf tj, )al,�•IF r, �+ 11 ,•7.�T:v�`1J t 4''�.� f�i i 1.7r ;YYi'. r �i« A ,,fl s1,!! . li .= .11 j ,fit , tf!� l t, �� (� 13L �yiL, ' i �r:l� �i • t'_!tir.-I, ,w. r } t S'`r%'.li, jr, i r : 3I.I" ";', '. , .''';.i% ,1t• 1 .{, !{ti / Y 11� 1 ' 11 i • , J, } tr ,: }aI, ri ,f *1•, it yJ;�}.tt( J*�iht YiR\ 41'. +t r'�,';aTy t 'iZ� i , :,'. �! �•, �,,rft1 f ,r :i' i f . I 'tit (y t, s • ` 1 (,^, , : I;1 0; ; ,{ 'J ttt i t , ,'r< .. '.tt""tii 't«• � jt�n�i�tt,:±.,.y. �1 't `t�;•'�f t; 'I.. r ./. .`/ f A' 1 r ,t t � . . , , !. -t , (l- 5 4 �...� r} .:. to 3Sv.l,y% - �7" '} w�7 •if,�'. ,,i._f;" ,. M. _,;.. i , a •j J :�'1! er v. l., `!t i 1� .}.._`.. t l' 11 (�tt a lfl.� j, �q'1 fi • F �#f. ,it�r.(y.,,� � •. ,Ct.i i.• .4{ ! %1 '% Ir l i - J:r, , r 1zr -i ti '. M .h ` -I.-I'd. ; i''� j "i- t ,r •; j '? x.; l ti ; f i.t I. 7,"'4yy '+' ,� n r:►Ff ?L I1- 1.!. •}1' y''r. �. ( r ( -C' i t-k � ! . } v i ",l v !t y S' ` t•1 : t%t � . !', 1 it . ! .(,. �, ,£11 ,�ti , 1.1 '}�,C, r':. I.lt' 1 :�1.1 �i ...:�i � `' t 1. i ':J `e ,+.. .,... t. ! L' 1 ,.� '_i trz'- , :y,. �~W •(L 7 1rri;J Tj.., y" y ,d st 4'/ J } ,tf (,q4• Ch�if i t.l i ..�.'� '�. t t �'.` 1 � Z) i •fib <,�( }�, .., I } L� ( ,'r•. fli k .', �. ! cf: i ` `' � f1 'bD } t. ,i ,. i SY 4f ' , , '+ i ` 1 e ' 'I 't� r wt . Mt�A; a 1.. ,l'. i f .•!. ! )'y`' _�, r ( �•4 F, ,. i , }� t I I I, If tii •.1 s ,"e1 .�,�J;' ;,' �.!' .i.-�f?..,;v, ,�., i.'1 )', 2`^, -i•r, : �►.ir L- J ,1,'- f ��t„ ..� ,rft..': `'ti': `'�1K� pit'=Y}. ,1 fi..I ti-�J. ;t�14 ..;r��',`ill- s •, ` t t•✓ f�n, }' r !. /1!j } , S... i f,, Y (j r i .i - • lY,� i,.�l (,..,, Ir,;.. , L) F, r?;siS��„1 ,T„ ! I F f { ! ;,r " " , r : rr � . �� :;:. If %r I{Y et t �;i i a :tf l:, 11u '!l{f .1 t 1l �r , 1 �L :�•� .r t 4. 1 1 �f'r•,t N 1 1 c. :; ,�'.' r �� :f L)'ft �jt �.. {' ` k j ,. �•:. :,i}1 t , ,. rt rt I` Jr a t: {, ..!! i.�ir .� `� 7 tei 1;%I , 'iee `i.N�i tr •ij 1� ',YY I r �i,. ., i,r 1)1: ', l.,�t, �.R tf'i ��: +'i ' '','a71ri1 1{.:3r.4Uf j�:er jet ,ftt ,.; .j I' `s+ �.�lr A•t1 1(}i''t1+Tif. J'I• r y 1. r,. -i . :i }j. ! lr� j, .I I! 7! .i• '� �y,l J i �1( - ; Y �: U{ %''. li , ! _i �` t: 1. , r . �. 1 - . t !I .! r�• _ 1 .. J 1 i.. '.J(r ., C,f, ', ! . _ ,,.'I r I,,�.. { Y t t , , „l. s j F, _ .S (il r s _�� tl ! 1 rs 1 ' r .nw, 4 • 41 fi 4r It, 1, r-W I q — 4 I J, • `4- L 74 t ig Ft'j n or dt 1 tF a,` tne first draw against the Letter of Credit, a deed of trust 0I w''" shall be recorded against all real property within the Development Site then owned by the Agency. Thereafter, and concurrently with each draw againslthe Letter of Credit, a deed of trust shall be recorder] against any real property acquired y with any proceeds of such draw. Concurrently wi sh the - recordation of each deed of trust, the Agency shall delivev to Developer an ALTA lender's form of policy of title insurance (1987) insuring Developer, in the full amount of the Agency Note, that the deed at trust is a first lien (except as otherwise notes .1 P an Attachment 4). All draws against the Letter of Credit, disbursement of air proceeds from the Letter of Credit, and the recordation of the JA=`;jet deeds of trust shall be effected through an escrow with the title insurance company which issues the policies of title insurance to Developer. All escrow costs, titla policy premiums, recordation fees and like charges shall be paid by the Agency. i. V The 'Agency Note and deeds of trust shall be in the forms {'+}?;`T ,+��t '<:' ';J�4' attached is Attachment 3 and 3A, respectively. with r'%tspect to the real property covered by the deeds T! of trust, the Agency warrants, represents and covenants to Developer that the Agency will comply with all laws, and that'the Agency will indemnify, defend, and hold Developer harmless from any and all claims, actions, lawsuits, damages and costs (includ,ng reasonable attorneys fee) resulting from or attributable to any act, event or condition which occurs prior to the date of repayment of the Agency Note. The obligations of the 1; e A4A"- Lei Agency hereunder shall cease and terminate upon payment in full of the Agency Note or upon the purchase of the Site by Developer. Il. (Section 200) Purchase Price and/or Other Consideration. A The purchase price and/or other consideration to be 'Paid , I -I rtxt by the Developer under the DDA for the Residential Site will be 4p Z, M . .. established between the parties during negotiations. Stich purchase price and/or other consideration will be based upon such factors as market conditions, density of development, costs of ; - 15 "s Ie development, risks of Developer, costs of remedication of any 'A. Onilo N hazardous materials or substances, estimated or actual Developer rh profit, estimated or actual sales prices and/or rentals, public purpose, and/or Fair' value for the uses permitted to be developed. rj 7/28/89 s. 2458n/2460/09 -4- MOO I MOO"^ IMPapu 7 7. i,7 4e it 4 14, JM " " 1. 45- k V4 'It 1:0 I —A— itA J:e Wo %i Vt Mtt . t,i . 0 V, V W IT. IN :IT 1Z 0 �V 0 L4 J.. i:• �t.; f f '� ; r .r;l .., 'I`J, ir` t• r 1, .;t 'r�.. ( ..• i..-' .•:' _tiafr ai� #�1� I�t, .-tln 1�r ,r •! , t 'r (. Ir{ ' i.l � lJ,� •1��/i 4/\I • ...'tr: ;..� -r r i1 f �` - :1 � :,:, 1: •r .�� + ,r,l 1Li1 ej r►4 t , , 1' r 1 , �j ?11)-•.�:�_.{t - [1- } r','., •,.� ti.tY,;.... /�. 'il flit a r �.• `\ •1 } ;'�:G t .lyjf 1 4��7 _' , y�l:.i.., '• _ .:�_ • •-' J; ?"�.., 1. '. 1. • � � • 1 •r'. l': '.f I it:' �� `� l...t:.- r R Z'A v'''1-t- - f- �.t )' - „ •'.• '+ t ,�• ,t , �) r1 1� r r• :.�i r•''r .SIY •I�� 1i.�r l 'ir Y ,r ..;:. s.. f��{y+7Z. ,.. _.--; 'T�•.. ram,._, tt -.:.; 1•.1 •; ,: 1)r ��r r'1... .c h' - f .31-� s. !N F tG rt 'r 'i �,�} 3 ,.. , tt. ?,�,r , r• ) ) e;r �t r" . r . t-.,,,` � ..,� j�•.:r.....- ..:..y.,.. ..� ... r':.. :. "' ,. ..l ^�r 111 l�`t � ti.,.1,YrY ...; ,...' a•1 f.. t.��!`t:3• �. .: .. }t., .• tt; 1.:, i1%. tt r � �; �• '; •rt' �+ .�•. T + - :h tN • t ,_� � ',• .. 1 '= a �!�..ir +fail I tL , raj ` J , r1 •f� ,.,T :•, .} �, , _ ,'{, )1 :.1•,' (r )r - al, •�t l+ i'' f, t•t1M, y':_, .,, At• •' �: � � 4' � } f tt ►I 1 : i � • l r t � 1�' , . �. l� '�� Yt1-. 71t/+�' , 'F#!.'.4d (.y.•Lat :' r -..-, - t r.. .r 1 1 J ',J e � y, ijr 1' . t -fH,• Y,s'�k �,''1.i' rr1.,A ••.�wr.. '.V,� •�';" :, •-/r r, �,. 1, • , ''..tl hrtt ,`tr - LY"^), �/? {t,! • 1q�. {F 1. _ e - i. r �wI . r,f,• �� Lf :, /•� .'W�` �F1 •r f .�f., .^ t Pht' = - :.• ,;... 3 J3 :., � -!•. ,',�' ., it I. .lr ,. y7 •,,-.. / tif� + ,:�, J F-'i `<r fF {,. - ' •, i ,,t• ill t t } e T3 ,may S �1 i ti:. f 1r 1 �.r l }.._. ... _'' ��jt�.- - ' •(` "r ''.!:% •I�i �l"1'7�;1 t•,}^rii tint• �D�..j • } f• .. :i �Y � ..m ; ,'.� r r,�. :.,, r ... •,.r .-- .. ,. 't,. � 1, ,:.1!*�rl.. ..r•w • i i ...•,j!`.f a . -r • N. c .A r s+t •'iT,•w,••w►: ..:•„ (a :,- rt-2 } '3�t:•' 'it .,,c, r•;.✓.. ,.:. t. 1' '' .:... �+5 t ..f . • T✓r ..jf�.4..3"'r ..:..1.r. f.f". r, (�c:� .j�jy ;D. 1"C. .r- .' � �Y s 4" tr t..:±t d.,. X�t l l tr �l_C.•T.^,:.s''��.�is,��.�V�....,.+.�W w3 L1..�i... .......,...w... .:.h,' .. ,,...,,.. ,-. :;:QG'..........t .%1. ... ��:....,: .•l t�._.>....._.�.a!"s ..._.« ....,.......,._..�...�.:..,.r t:+.�^ �.'?.s .�"' r �f 1,�._ } ) j��r th s��,�! _ ��`..!'1 , • , ' � � � �{F.- ('�:,i �� `,)S- `�•' •. e II-rtr�-,i'1C , ,rf - + t`,, 'l t� t, i:'•fr t� r •;; fir y ; .i ",' j,,, III. (Section 300) Miscellaneous. ,fly ,ttq� ;,;*�, A. (Section 301) Developer's Findings,_ Determinaat ions. Studies and Reports . r Jr From time to time as requested by the Agency, Developer agrees to make bi-monthly aryl progress repc,rks and monthly written reports to the Executive Director of the Agency t;�t l ., ,• advising the Agency on all matters and all studies being made.If the eiations do not result in a DDA, Developer will submit findings to the A ,t 1 / • Agency Develo 7 P ' and determinations regarding the proposed development, and copies of all studies end reports!""; made by Developer specifically For this proposed Development to ��, ' t! ;r;;,'t,R�; X . t# the extent not containing confidential information; provided, however, that all such Cindings, determinations, studies and '�, :.Y 'fly\;cr ' reports will be furnished without warranty of any kind, and �'', !r •,,zr• Agency agrees to hold Developer harmless with respect to any use by Agency of such information. 0. (Section 302) :irate Environmental Quality Act. G lt':}�, 1, "¢ The Agency may require the Developer to supply data 1 �, _)f't( ;, l•lr • r1 ' and information both to determine ':he impact of the development { Y /rt (� 7^.{s ;► r on the environment and to assist in the preparation of any IF necessary onviroa-mental impart reports or supplements to the euvironinental impact reports. 1 4 •:,} ! r t r� t jj�I:!r e '� St�,�yt�,,,,yr A X4� f5ib: C�,w+ J; C. (Section 303) Termination. {fL.!•'el'1}�1rM�rrr, f,,;��t ,�'t'r. ~ia ,r,`,' �y, tx �...� In addition to its right to terminate thisU� '•�%,::„�^4`! 'yft'r,1 frtt': Agreement forthwith in the event the Developer fails to tyke any fin, s`''ft(,� ! J $CtiCn required . tr, h s rf t qu pursuant to Section 1G2 of this Agreement by the ,• r ) {r , •. ass ;• T•�"�''�,`,''i ,. ' r` time specified therein, .he Agency shall, at ins option terminate � this Agreerlient in a -he event it determines that the Developer is failing ' to proceed in good faith to discharge its obligations '?-`Y •� -r' t`,r j f t- t . rr tLr ri4 t � t under this Agreement; provided that prior to terminating, this: Agreement on grounds that the Developer is not proceeding in good �- "' M 4 '`'�?�:�r,4.:� T•� � 9 r r �' Mtn ' faith or because of an failure, Section 102, the Agency y '0 =pill' shall provide notice to the Developer of its intention to terminate, and shall provide the Developer 'with a reasonable time (of not less than ten (10) days and not more than thirty (30) r`'�e' days)'to to cure such Cal lure Upon expiration of such cure t ` �"}' P period, ;�' / ,� 4 ' :lr > + r the Agency may terminate this Agreement. The Developer may',ry'�+ ,•`�'3 +��,£, '}`�'� +° . i � g ivin� en () days' written n6ltire terminate this Agreement h 't10 da ' t��!��`►`y�FY��Atrr�zv�i , 1i%•..., ! � J+ +t � � �yy� t� t Vti.7itF to the Agency. ��.,��,��'r„ �tY� �+�� >t i�=r'•f► �{t,!i�'!f,'� ` y •t'j'r�' )'�'�`l�c .t� This Agreement shall automatically •` (� ��irr��' + ► ,.,� y �.ermina�e on �'•",'t�`s,�;th�r November 9, 19n9, .iunless sooner terminated, 7/27/89 2459n/2960/09 -S- {v y' �2'h t ;tY }r I1.. ,,` . t-.; Ct r i t, :t ;!'.t t„4 ITt f• f rf, 1t .� _ t tf' ':�.,1, �� y. y ray (11 .2 �'r i� ,, ,�{.�r + U�r t r CJ 3� V. s Z �.t i r'f=lr`�i {) 1�nr��e�%c� }'�+ !, tJ T t1r.• Iy Xlr l,��r k`.�.f y"'4'.A'L 1 ✓•.r , `y✓r ! ;�J r t 1, .r 1 f .�rf I .� ti;T I tti •,1i ` -� r+ '•-�I��,<<t'. yr. �. +•.+,.rl U ,,:,! 1 r�. � 1 c , ( ,, , �'. r 'rr(1' t 1 r ,��, r� 'i't`%>3 { ,.� ti'',��'C.r4, �Y�;, {n :,�'K t1 t. �rj r fc}r ,.. , , 't,• ;r� � t 1 f t_ +3 'f /,k�4s r 'r' :4� "iS.�.� / r `) -, '•��""^r";j rf y�):�`� ( II �t�l'!` �'� ,.. yr 1 i. i ,t�' 3��•l.}. i� '_ .�;.rr •4, T ..ril�.� ! tr{ rl"+�t(�n�•��I � '1,. 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( s: ! t :, r S Ill }�{ R [.a+ sir Sd` . �i 1 •1 .I ?i Tvh. ... � Yr 1��,;• l r r. , °r (�, r f f= 1. 1 �f l l...nXc j ( r '•i }•�_1'....:.t�{.jt.., ;.rf �if•f�ti { f t I 1 rf � ,� ' � �'J)! .tl^.,i {Cf.- •" fi (�j'e- qr1 (t�.4 !••'. �1y tr, �, ,1�' 1 } ,� �.fr• '�•1 r } � 1: ii � 1. e` .1: '3 t. (yyr 1.,� . y ..• -,i n +�,. r. )1.•'ti.. .4 �• l '.1. �'::ZI t. :rt, o�lt,. II.ijT..l,rl li: {tlt•i}�, ��.. !t `. .i('-�� •1". 1 T/'a•`,. ,�`. Ir l�•l.i 'i`' •}I,i •�f, �` T;P:.y 1'' �'Y.il. Y, 7 c i,�,. ti�?'•t::,�'t ,:.,�,�'��, �:• \ a 'ln � rt'� • t �'` +yg � .. b'' � «`:irf�� t �� t�3>s �.+.;� ,:+ 1! , 1 i ;� rYrir Ct � ' � ' '•�') " Q�1' 'it „� '' �� 'tl'J3� ' 1.,••:iif+ tt�, 'i �i t'!;t. ! ••'` f,. ',� t -.1 r:, ':,C `• r 1 ,� tr. • �`•'�y�t -+X'. ' ` ',, I , ,, 1 ,;• .. .J . t tr ! ;'t�• R4v1�+�t�f�''�yr tl r .: <' .;. i.. y r...,..,.,, r X? Y r :!r `„ �' i,' 111 r y r � + r: 1a j%:_ q ,i,Vl�,�•'iilJ',Sr .�{• �,i y��r ��,�p t�` Hit �jftt.:!� f:�rj.�'�L�y ti�,''�,-.:,,,,•:,., ,Vt {. 7 ii :31.. } {�r •7G`,...� }�.�f +�'Tf•'►; '!.I yp� ,`�j�1{_,'}' 3'w'�/ {r.`3111'!)f��.t,y.•t .=,1;. {4•.l,l•r,, r,{ri , ir'u it (� .•(L t,i t `tom•'{i{ '.1Rr'I '�.:1 •f n,�if. ' Irl"^..Ti I• S�,L'r�j+'!)r('.%/'y f"Y',,"jT',h`{I*.�,y..��''G'ttit:'1f�f/5! '"'t.�` r.I �'..r Z,l :f :�� r'� •�,.1i ..:} ;wit �f 7r1 ,•tt (,'f.'f�i.,�- ♦'s 4 r�.. •L.,<'y`ri 1:r ./� •' .rW rjt -7 tti - \-t•.:• (";.; / •,u fl s!, i1 v7., u=' <i,- tf :•If i� .s- Ail' .,t •), 3t i F ;IJ r1.h +� r- r.`''�. f::�1 r�tS'1 ��-�r�r t:,t,ti .7{!,• �.3��r••.•.,> i{i f,3R k t!'7'r��.;j ? hiS`�'�I,/`,�..i it'�•� �b •,r��,h ,.. Gas .r�'1.� ,. i i} �rJ,.t 1.;}.. t� Ci , 'T..{ tt-' �i`i:'i1' {�� ,. 7., "�.+:.:;.. }�(. /'►•!'�SRy�_-!j"?'''fig".=,.:r>S ;S �' At `_ ��r.. r r J 11 { .V„t 15^� tt,: 'y`:` .(�. 't �3[(r ,1,t. f.J f.. ;°,ti , , Y': 7i'`' ri•;,t•f rt7 }, 1, t;.,'� % •, tpf < t __ /r4 {� �l t-t. 'f •' '!,l .�. • .) ' r f. _I r 1 �•L fTlf .. {{�'� " i., rfi.- •`r71 I iA .4 .' ryf rf 'r � y' =firiwri ��'• •.f ',. � � ) ,CI t1 1 I ,'� ..r r� r ..i %v�*f t r EM,t, t,�/ i .rt`"f"J't4i ("t�t•r i" �t ' trr 1i _ ! ff ', , t P `r1 f• � •. r ; t' 1 ', t• + I. • 1 1 % f ! t ... .- .: . 1..1. —:. �-7- +'.;f.' ,_ ,., ... � .[� ., .-y ,/7^i •I {.. .1, - . .. . . 1. �r.'4. �I ^ ;it>� t Y�•'� ! j.• �-.. ;•,.-l.rl�•1�L:.....i✓%.._r..i•.,I/1�!r.........,...J-,.... _-a,,.-.�::a•:1,. ..., ..0 .,...».., d_ .,_.. ._. ,.. .. ..,•,., ..{t-.......-t.'1i.. .e ».....,: L+.::It..a:.t. 1 l h Is E. (Section 305) Assignment This Agreement shall not be assigned by the It i Developer without prior written approval of the Agency, which the Agency shall grant jr refuse at its sole discretion. f � L •; ' IN. (Section 400) Special Provisions. f;r{;c`,1 A. (Section, 401) Redevelopment Project Financina. Y [S t J r _ *� 1 The financing of the Redevelopment Project is being rt, and will be accomplished primarily by means of property tax increment by developments which produce an increase in property tax assessed valuations. In addition, with the mutual agreement of the Agency and the Developer, other methods of Agency financing may be used and shall be set forth in any DDA. Both Agency and Developer recognize that the terms; of the Agreement, F1f. rt < including the relative financial and other contributions of the parties, have not yet been determined. yf r t,j rE.•t. ?,� '•z B. (Section 902) Owner Participant Block. '� �« ' ,.,•, It is understood between the pars ; es that Developer is proposing to act as master developer, for a reasonable fee to be determined by Agency, Developer, and the Owner Participants, for the Owner Participant Block as well as its own development on the Residential Site. One block of the Development Site (bounded r by Main, Sth Street, PCH and Walnut) has been designated as the "Owner Participant Block." The Agency has engaged in `'�;�,� •�r '* a negotiations with owners of the Owner Participant Block for the ir p� .t, t preparation and execution of a negotiation agreement and disposition and development agreement and the Anency intends to execute such documents concurrent) with or proximate to the O ) y � `fir- ,.„s,�, tom' ��' -r ,' �t.11 ►',� �' , _ execution, of this Agreement and the DDA. Developer•s , r ' responsibility for the Owner Participant Block is as follows: � � `� Developer shall cause the preparation of and Agency shall pay all direct and actual costs for master planning, + r'"`' Yr' •'^ site engineering, architectural plans, and specifications within. •. hI r'��e rr';ti ` r�"•+' ,. is �'�-►ra , thirty (30) days after receipt of invoice. Agency shall approve all contracts in connection therewith; ' 2. Owner participants will be provided a �\tM �� ,,�• , reasonable opportunity to assist_' in the design of the master plan �,,_p j?iCt •� + 'J for ti►e entire two (2) block area with specific emphasis placed �`_ 57�x h:I'.V U on the Owner Participant 1�";`;_: p Block. Owners in the Owner Participant p=i'L,`��:,�,trLt;4•i1;, Block must select a representative P (with full authority to act'' ,`l l ft��f.r�'t�„ t • for and bind the Owners) for this purpose, p- p ' •. � y iw �J,Y ,ft f� �yf �r ;,TJt,,,� ,'! a' t t:'-'� r�r � !. •��'� IV,ft..1 ?•" 1f h 7/27/89 L� ".` y tint ;r �, ia;,• ��,�,,. n{'S: rr�� Tr��a41i�[.r� ' 111�1, +i'ri, ,J�I� r�',�� ►\�� I '1j, ,>Z�,•-./f- �It?' 4'f,1• � `. fir'', � .l• 11• [fW 1. / 1 I 5 +l I h i'f,J 1�1i f�l � lyi �, /{!'� \, i'�,�al 111 r/ e►�rtl �:"C,,�, 2458n/24 6C/09 _6_ ' r' i �,+L �lt�li*r� 1 Z•a t l 1 1J` r iw�(' i iiK yN tt j� by 1 If• j i'7�,�•%}.•.�'117i�t ;/� I ry� i I �+ r r_' �� ,tia'� \ rr xrSf h'1 ,7 r��t�,•.��.. � 'tffM1 C�r'�K- ..r ,. 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T,4�f� ��'r :i��r'•n•,}'!,:`, '3:. •1 ,.; ;,1 •fs:�(_f, l tt �.� rjy!1. 1.:ILJ jl!i iT-r �Yy :, ,, , ., , t,i . •'i} 1 t'�'-,.;'?, �x of •+;;. ?:... {� I,• `•+ ,','; 'l�` ;, r, '', -` r.ti ,:i - 1''/� .� s'i. •,i;bri, '.-, !, , - '?.G� i-•r..-,r ..•.�Ll� ,.,..y �,rl i•''j�,.,.� � ..+, I,:� j r .�. .� � .! ��`: - �.,,; '7� �). �x�ir 1�':i, r�!:{:p}'Itil i Wit+ .G •r .li trrr � f .�•�:, �„ r cr ',: �� rr'1!'l, ,:c .•�1-�r!r�f ,.,,.. ,t�,r�! �liL`9. .. �j,.ili�,{.�' t. .. •'%!�%' jr't, :. •'s?, rl^-. t .i, , ,1 ''+ r. 1 liC• 1 � j�,;7 ��, ...:r:r �, tr['I, \%,,I , K� h :T �RC: Iµ Y, h., ,a t� �::tl.. lA. 1 •, /� r ,• ..,t l !'� S, r-ti- }fit r' �({�,'h� �,; •'. ..,_. ,; J.��tr rt.�lY, t+,,�}tl::•J'.L '`.:•.; .'.�,�1'�:, "., •: J'1rJ F. ' ;r {';YI• r. ,•.i. 'Ky, t., > •rs �aJ ,.,. ,."'; .r 4.'» ,a: �. ,yl .- ":,.... .,-r. Y, ., r. .,.. t � .{ , _ i'i� �.,1!. •...SC ,1,'� �. �t' , rr'•r/ � rS.'}�.� .'iJf i�.,#,� • Ju'i .. , . +fir' ., ' _ .:; - a ,. ,f } t •, ll rz 1, ' rrf� I XI . a ,I � .-ly..,...; - {• i{ 'r t'- ,,� tf s _ t,r: '� '� .�'' ,ti t ,•:rr L, •:! j a� :, / t F 4, 1W 0 A. r, % 1. T 'r:,.,.,R j�h�'t,.' •. ,• _ �;.(.'. •. `'� _ .i •'' !f.�'•il (i. 'Li ri )1,r• 'l{11 ' ti� .,w,ti• i fJ V *T, �Jl o., Ll Je, V 4� I't i X) 'YL, "114 T, ;7, Jv�Jli rY o C. (Section 403) Agency Assistance and Cooperation. I.V Tho Agency shall cooperate fully in providing %; Developer with appropriate information and assistance; provided V that the Agency shall not be obligated to incur costs therefor. i AVY D. (Section 404) Agency Public Hearin Any DDA entered into hereunder shall be subject to the requirement that any proposed disposition and sale of land F5 V zed until it has been considered and a 77! shall not be authoripproved by the Agency and City Council after public Bearing as required by law. E. (Section 405) Real Estate Commissions. 4 The Agency shall not be liable for any real estate q,111 zg, commission o mmission or brokers fees which may arise therefrom. The Agency represents that it has engaged no broker, agent or finder in connection with this transaction, and the I;zveloper agroes to hold the Agency harmless from any claim by any broker, agent or finder retained by the Developer. 4,0 e— F. (Section 4061 Press Releases. The Developer agrees to discus I s anypress releases i Y, Y51 with a designated Agency representative prior to disclosure in 7 .4.. 0 order to assure accuracy and consistency of the information. v- -r' G. (Section 407) Uondiscrimination. A, With, respect to Developer's obligations and performance hereunder, the Developer shall not discriminate in any matter on the basis of race, creed, color, religion, gender, marital .1`L4_k:s4,.,., v status, national t;riqln or ancestry. H. (Section 408) Notice.; "At vx All notices given or required to be given hereunder 'L shall be in writing and addressed to the parties as set out tv below, or to such other address as may be noticed under and t pursuant to this paragraph. Any such notice shall be conside'red served ►when actually received by the party intended. whethe- personally served or sent postage prepaid by registered or certified mail, return receipt requested. . I ". , >0 Agency: Executive Director 'A �'p►�n•�'�" Feu The Pedevelopment Agency of the City of Huntington Beach 2000 Main Street IN , Huntington Beach, CA 92648 7/27189 1458n/2460/09 -7- v "i 4'i' I ILI ti" v 4r, A. 4 :X 'Ve P, � 711;, -: . 1 . ; � io V J %4 My, % V. IJ vwl q _'V, :'.%,; t -IJ 1, X -t-t, 4 );�, , -W '1 15, fA_ , V90 Q. 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'.1 1 I I ' i•, , - . , •4Z ii ,.t ,. tiJl�'a e:`:: ,. � 't• r �` .� 11 rf �� 1 y f (�.: %t r.r '# 1 , .., ,.y .; 4; 1, 'r. 1_i ^ ;;-. `:i .',. ,' .: ". - f i'. � ,, .. 1r,, '`.sa� ,. '. •,• Irsr i,'i� 'M S. 11 • !r, .. j� Cy,. ,- ,,.: '•.,�)<.,. rl :=-f, :'b.,sf. ,z rt i i, +. •t l t-.,, .4 'trY;'t''8ir:.t!,:lji'.r"%,. 1. 'ilr• : j,;. ( t y, f ;'' i' 'tt'.' ;t: '.4 :i t !S'T�i tlr it„fi= ,,Yl 4i': �, i::s«:7rtias �� %r a, 1 i.•' I n 1 a "� v �+•� x ,J+::;i,� „✓,.,1 tiiI %'+ 1 4"tT'Y�is.Y:. ►i.1'< ,(......:r.:s-=1x�-� ji.'r ar•t1. �r >` t , ', ?j s+7tt !;'N',=;-�^`�i...i'��..:.flsw�ii::i.1 �/��. �zk.Ll+s: tFs�s";i (',;15 �»C �2^t�• A.. :.�. ZOO, 'tar i ',�.y.t•'+S� 3r I 1 �hh7- .' }_ 7 •(;PtI, +�1.\"V•:<'}�. 'I ��.. ,.f, ,„+fir; ��,t , ,{ Cv3r�•g {�j^ ,. ti�''` t� `' ( • ,_ a^ • t. 'ler � 1i 'i 't ,•r f �t, • �.�'� "i Z'rF l r rr x a r i}'t �. %t , ' 'n. '1 : jl ✓t r� 1 �`%fir Ta�1�•.rry 1f ,• 1?.' • P "Es' t : ii h Y ;:5{•�''�♦'Nair! , r !J• 47 1 t + A r � Nit tT �.a•��f " a'��. �� ( �tttwi,��R11itJvSxj. ��ar�i� Developer: Griffin Rulated Propert es •- Griffin Towers v button Centre Drive, Suite 950 Santa Ana, California 92707 1. (section 409) Other Agreements This Agreement supersedes any previous agreement entered into betwean the Developer and the Agency with respect to the Site. J. (Section 410) Warranty of Sigrator. The signaLaries to this Agreement represent and warrant that they have the authority to execute this Agreement on behalf of the principals they purport to represent. 3. The parties hereto acknowledge that the configuration, use and tenant ccmposition as well as the economic feasibility of the proposed development have not yet been determined to the satisfaction of either party. DEVELOPER GRIFFIN/RELATEV, PROPERTIES — I, a California general partnership By: Griffin Realty'Company•-I, a California limited partnership, General Partner By: Griffin Realty Corporation, a California corporation, General Partner w z' �;F 2.1 UL •� . - war- , '! b f 4' r f= �','<'t°�fdj' ? Date: J a J,,3♦ > o T rriero, r,y,t3r+`,��(3tss Y i nt r,lr� TA'.'," �llS awl/ }}r>t .7•r'+�i~"(C iY rta�tit� t{f1� Date: Zi �t�.'f t! f' By: �hC:•'r+{ktn.•b1' rs *+"r+i�t atthew Witte, ��r} 1 ice President tf,1 r 4, 3 k (}( r�•tir v "'fff••-++•333 j •I,s ! ': `,'rf �it . tl`'r�r!l�T.i,R:, 7/27/89 24SBn/2460/04 :✓ y r( , n } tom.++ram I -- f C Lf�'�;•} „ r<. , '. r.,,w t .> � J,i t3 yt l t ., a.',iY. l.i. J.,'i'}. •, •,•tip i r-_ ti !-} . ,.rU wt> >, F:tY i '.'ii: :. sl{•`.' r S�. t rr:. t. r ?.Z :1•..•�' 1. r.tt•<• �. u. .Ji r'.�w1`, ^1 r ;'jv .,', l� S + } ,.t ,t ,:t+- ICyZ t;.•., r<`fl t, ,y `•1 `'srr LSt s, r jr! �yl "+ :L, A �;T ? fi J t ! f • hi Y :..,.i , t. 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' •t ,. ,, 11• r,' rt •i ,� i r ,+ :F u� i tt-•#' I °:i•:.�r` :�• .;'—`` :.�. r �:: ._.•'.1 ,.. .. .Yr ,•�_ r _ - i. i'ii rt•- tr,'' +'! r._ �..7}4{. '•Ri; f e, ,,•,t, .:i'+a r "• ! ..', ,..., ►, tti.'i ,_ ,. ,. ,. '„ ati. •.fir.- r->�Y,} ,I. }} F _ .J L i ,.?:'��-'. •:,":;- .,,^,��''T•^+.S"-1.'�ve' "(�i.w i �',.if t� :•t'' F...,C •1., i�1�t r�'..,'� [�,: _-I''} J .r" J:.I{'�:'_., t_,2:t,/ N: 1 ?I ..,S . ,.,, a'+;f , -.•,+ �/l+'�• .:'1r�:r li •'arr ".=+i ..I�r ,1• ti'y .�I t tlk.}{.�IZ �':�YL(tt• 1rjt t''r.- LkJ�7i.rS.�th,.�1-3SFt,.:.�Ld.:.Lid..�.......:':.'a•'C.L.i.«.:JwIC 3 t t Y `Ulf- ♦ s [ rL�rrt l�t114� � r}:,4t�i.�i� � .-t 3 sl�t ,� • • 'r �r� , ��k r�3 1�� •� THE REDEVELOPMENT AGENCY OF THE itl CITY OF M.INTING20N BEACH, a public t body, cc:' orate, and palit�c t:, (,;x`:�� ts� r ►' j5 Fa f r T}{i`.r Date: flugust 10, 1989 8y��' {� t Chai rinan t,,'}�1 tr, ' Ahtest: 1 .� ;.jl ar i..t•. t �� r t � - `a y '. _ I �a S'i� [E ! i �+ Clerk Approval as t0 ormaNi iI Sr r't.'tyl, •{�� rt t'��'n +ia :�� 4',ti`,', Agency Counselr t ' }PIP,�;'7j�rr,='tf+r<'�;A?. 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C :;.`� av'l ,,r- � t t r.'• :L No. it 28,89 14:20 P.03 N'.+ r ��,�>< Vie,( i1�`"� r��•i'•:j' 1 A•�t.'-t'i, r#1't T ;r•, •t , 1'+Li { R `it r,? +:1*+#I + i • k r: �,-: •�t LEtlAL pEBCRIPTIOH FOR BLOCK HOUNDED DY PACIIYC COAST III011RAY, ,tf(: a< <,•�i t '� WALIIUT AVENUE, 5TH S?RElGT AHD 6TH B7REST • t i if ly LS r t> ! ` 1,t ` eIJ t,t rrt m�a 11%111V . f►1 f� a��! •} jr� # 't �t f t �1.��iS4 �rtR rt !•� BLOCK 105, HAP OI'• HUHTINGTON BEACH, IN TICK CLTY OF HUNTINGTON J,�'. BEACH, COUNTY OF 011ANGF, STATE OF CALIFORNIA # A3 PER A MAP RECORDED IN BOOK 3 PAUE 36 OF ti:CCELLANBOUs MAPS, IN 'IHE OFFICE OF THE. COUNTY RECURDER 01" SAID MUNTY. � ' }'Ltd ♦ i, �'', I}• 4�'i !'t t i .S 4 � t � „1•c` •� , t ^�fi'. •. ' r'-•,x t �' +� 1 r4 , ��, tt r� +^S Y;i',i�f •( ,.'1 t vl t J , c � �',�•.ii-;t # � ,„` � �rFlr?r T•:1 f! i' `t tl +.. � o :. t t t.,•i�y );._,j�'�ttft: L�f,� •Jts i tl LEGAL bfFem"TION FOR BLACK BOUNDED BY PACCFIC COADT HI011HAY, WALNUT AVENUE, MAIN STIIBET AND 5TH STRZET f t r5 t , �f1r l=Y 0tit�' ;ft 11 BLOCK'-:- , Was OF HUNT INOTON BrrACH, 1N 7 NE CITY OF HUN'C1 N42iON •,. ",.� rt''t' :'l °Jl i,c. BEACII} COUNTY OF ORANGE, STATE OF CALIFONNIA, AS PER A HAP It tip�`a R6CORbEJ IN COOK 3 PAGE 36 OF HIBCBi.LANL'fJUS MAPfl, IN THE •� 'i: i {_ ,, cf;' ' OFFICE: OF THE COUNTY I(ECORDER OF SAIn COUNTY. r 0't,t is , S d.1r'' + r t S f�! t .•" J v r •'fr ,.�i� 1 fS�f',+'� � ii1�}1, `i t{at�i'e �.,{i+-r +� , i;�• '�t.,L 1 . t•. t k1��{�. i'tt �l o'f�`�rs ' �}r•'M t FZR fy �r �rt ;. �•'� 1�✓V e , , tR nJ � •{�it��`t�' N" J i;( t� ! i': : r: 1+ �iry r?r� ;�w' 't••�' 14si t tilk W, X 1 rit 1! ,vw A t rd jt FS yt `. 1y w' i ATTACIRdF.NT �fl4er5tut•ly{r�ttsyra��hl�, �, p4cJo_I�.,.'t;r Jii.'+� fr •:r t_ �lip , �r , �,, lt�,• 6 , � JI ;y kt if 14 E ��ii� }F� T r I��` � �'t j w ?: •1 � r _ " }C �F' a af S�y �f r" c•Y .�4 ��•. rt `4R a. �'t`�+.t YLt � �Tt Si�r��.f rE. w f ► �, „�+• ^t*•. 1` 1 t-• rr' r f� r f .1 - (v'. i - �Tt -rP ?"sr f.T, iA- � i r tl �•� , ')-.;•r ' � ,+. .,t_l .r-� -a t• ;i• ,.i.:,a ,l ,tS '1�I r. r i_ C,, ;f `r ,�/t f I•,, i „�') ., .,r{i!' 1rty,�'It:r f '-��'45 .� _,� fir:' .1', =. +,'..al .s'., (,, .r" t� ,. r,lY ;�.[.;.•7 'I. 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' � �' �F. _ ...1 . �1 ",' OY • v1,• �"',a' �f e,. 't P tY _ rca) ` tst n aarrRia►lw�wr lae.. rwwh+wt..lw..va.rw,l w owArJ+N is at' it.C.Gtr1� _•i'.reR%�#:iiC�.'��' .' .i3�+.ii 1 ►Y ? 1 tj;i { ' F s 1'2r'w. '�' '•'S �` r ' �..a>.•a.+^waW.R�4:1 + f�i[ rx1 .. !i � fir. liy y'r ��_ S y%> 1' b ��iS'�eyl/t"'I.:T, ,IS.'.`t \}.��.t-ki .` 41:• { 1"�ld�'.',X�SLL�LLii�i�i;.[/""..-j� 1 .� =1, ('M •� '' + .1't� i •' ,,1. f �rtf�l� / tl.L �' -Jdj"l-, ,? f' it+r •',�.1 t1 t�' i tti t�`i` j J— rt7r' r;p• �,''1 ATTACHMENT NO. o 1 j f ,. �i y,�F w r �`�- , 1 '(1• r 31r � � J � Rl I�t��•t •: _ t • j ►) t �s, �,.,: , �. �.,,�t , • , ; AGENCY NOTE 1 3 `tv f'4�' ,- t tf �� v; t. i�• 1 L ,SECURED BY DEEDJS) 0�' TRUST) ar {r Jt,it ,'�I i Sr fi t • ,-+� Jij r f J t¢,�! u•f�l j�'li 1 t R S C I T A L S : 14. , tie)* � 'fit ,;�� , • 1989, the Redevelopment AI On or about August , Agency of the City of Huntington Beach (hereihe' ter "Agency") and Griffin Related Properties - I (hereinafter Developer ) � )�� ,, r•. ent;erec7 into a Negotiation Agreement (the "ENA") which provides for the negotiation between the parties concerning certain y�` ''' {• '��` property situated in the Main Pier Redevelopment Project Area Pacific Coast Highw;'y, 6th Street Y: a and bounded by Main Street, ,� , and Walnut Avenue, comprised of the Pwesl�ential Site' north, of 5th Street, and the Owner Participant Block soul tJ of Sth Street ( (the "Site") 1 copy of the Negotiation •Agteemeiit is on file in the office of the, City Clerk, City of Huntington Beach, JTt�?ta, Yrs�jf t i,rr = whose address is 2000 Main Street, Huntington Beach,' California ',!j , tc, i Iv,7., { .j '.s J r'EI'i tf'tYs`r1g h 'Z t�f ,�+IwwS,°� , }� � ' ,; 92648. The Negotiation Agreement as the same may be amended 77y r,y� �j x �"t ty� tt i, f, =` t r 1 f n,� from time to 'time i;� incorporated herein by this reference. ' � t-=>,�r: r„• , fit'= Pursuan. to Section 103, the Developer has agreed- to secure a letter of credit ("Letter of Credit") in the principal sum of iipf�y`'i;4 .y Z1tvo Million, Five Hundred Thousand Dollars ($2,500,000) and to }•, '� `t^�y ',;'; �rrx1 advance sums thereunder to the Agency for the purposes try 7i�' `�"`"4 described in� said Section 103 and the Agency has*agreed to deliver to the Developer a promissory note (the Agency Note ) ` memorializing the Agency obligations to repay the Letter of Credit, all as more particularly set forth 'therein. , `.,SS ��F�13a, �K,,S �+tt P. This Agency Note evidences the Acquisition Loan in the , �� ' 1/ rtk5,34,�, 11.,Ir. 'r ERA . � ) n, C G V E N A N T S: 's For 'value receivEd, •the F1 en r,1 y d i 1. Terms. 9 oy Promises }n pay t f lief �i:l r Suite 950, „ to Developer, or order, at 3 Hutton Centre Drive, ' Santa Art& `92707, theamount equal; to''the sum` of individual f�1i. •{.tip '1�.��'t�,t;�nt' , u`` •draws by the Agency against the $2,500,000 Letter of Credit •`'� �' f � issued by ("Issuing Bank") in favor of �Lr• plus all Et -es, costs, points, and like charges paid Developer, p } ..,�,• �-,, t by Developer to the Issuing Bank, with interest from :the date j rr, ra `'�3t � Y � • $.4a t 'rat! ��?`:�J�- y ��1`i�?Y. r� .:iftir i� .�.1 t �rK a'r�yf�`t1' 07-31-89 A TTACHMENT': VO . 3, '5626n 640/09 Pago 1 • of 4 1.� �.. �rfl r ' .X,'t i i; j '?!. ,�, r .7: .r .t ., ,': �f,j �fl:�•4 s1tJ. ,fl , �'R ,"{} * r f �r}' Zt.7j� :yfl+j�ry�f Ihl r�! t.�,}?? s : ,Tv{,. ,t!..c7 ,, �)h�i' , ,i {t J.,, _,tti '•! f r' ) .Rtr '}t., J t �, ,4 •�+�.,"' .�ta{�}.'.l�y._..{tie' ,. � f• ;'r• P t , r;` X ,; r :f,: �a/"-.:;•. 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(f:l rIr• I ,l,.I f 1,t: ,1 ,. I. -V; / 'Vlj �•`1;::' ��4Rjj: t, �'• `h ,.., Ji '1'3- r.l ell r/ •)', r �v./si•.t Y{ /",, '1r�., ! rr .,. �"'. ( •Sr •lr i �,.. ,)...-,.! e�..r•. :.11 -.r„ :: J,^..f"ir. .I .t�r.lr•,• rt . ••h'ri♦!{��.''3f � I,r. t • ±rw '�-� •'4 :/''.:• � t J � i� •t* '� � •�.: �. .+'. �.. :, t. ,.i :'r, ,f ,i: f t .. /p ' '} ^r; v.sa r �- i•T„tif,l; ,,'� ' ,, §i'�tj: '�:4r»af--.',rY�sa,,:.it ;r � '.,, ft.,' .l�p •"�.f lJ,.... ! r !.%r l.. C,'. It. h:./i t ,, ,' T, "A�r .t =� i i'►\�ib� j'+ ;)��, -5,. �,,. :' 1' J.,t; ,, _f /')' .l''�rt, .�r �,.s %r :i +�}� 1 � _ry• , 1 .'lS ':�J. �j�' �/, .}' 'i •''.:x t'' , tf• If'-'. �.1�� ', t. L ..r r .'l li�i '. .�,;, ;' ii` en.,. ' f t �•, r!�`'-.ir ,j l,; vf;�+�f' fS.J ��k'. �; q j �('1f� a, .r��,'i•t, ::.•/ ._,..�,. ... y la: i .i., ,4 •',,. t%• �+",\`J rr i.y.'►F'J"�f,`rar jw},1�-�:,:f,f7 '•Y+� ,: , �,,$j�,.,� -,. .P.. �r-�:.. �'1• ;:.' ,.I ,r .1• tip• ' ' ., r, ,rr. ,h'' 11. �� .r t,f •/ ,..{t.••':v.+, 'i�'f. `'" t�.ry. ,F�L `�ir��,r •.tY�} fi' :i Jr,'r y�'iy.:l'', ram[:�} + Y,1' 1 J •1 �. ', l • } .1, .�f +„ "+ _ -I T. P;J i�l, xi v! 4,1 4,tt4k -j'4 1 N 4. .f • I 1 0 r ltri a, IN :5 j 'A of each dra%j Until paid, at- the lesser of (i) the rictual,,ri-te Is ;J' "41, fY paid by Developer on the funds dra-4n against the Letter or i.. Credit, (ii) Prime (determined according to the reference tate of the Chose Manhattan n National Bank) plus one percent (It), o. "I (iii) twelve percent (12%), per annum. The Agency Note, including all interest thereon, shall be due and payable at the earlier of M two (2) years from the date of termination of :r:G the ENA. t 00 two (2) years from the date of termination of any r dispositi6h and development ;,yreement entered into between the parties hereto with regard to the Site ("DDA"), or (iii) concurrently with the putchase of the Site by Developer t�,, 1p -31 pursuant to the DDA. 0.4, plow, 2. Amount of Agency Draws on Letter of Credit s ;t Endorsements. As the Agency receives funds on the Letter of .z..",04 Credit (whethe r such funds are obtained directly from the Developer or from a draw uipDn the "'etter of Credit to be X V provided by the Developer pursuant to Section 103 of the ENA), and as Developer pays fees, costs, poiats aW, like charges ("item" and "iteins") to the Issuing Bank, the Agency shall become obligated ko, repay such advances and Items as set forth herein. Each time the Agency receives an advance of funds on the Letter of Cradit, and each time Developer pays an item, the Agency shall concurrently execute its endorsement on Exhibit NA" of this Agency Note acknowledging the amount then being received by,tbe Agency on the Letter of Credit or the item and �A, the then -unpaid principal21%, balance on the Agency Note. Notwithstanding the foregoing, the Agency agrees that it shall 14 or otherwise discharge all such amounts be obligated to repay N, :-VIt Id{ (whether such funds are obtained directly from the Developer or Av---%t-v " nn the Let er nF•ri-nAit tf% be nmViAPA by the I A.' 4 14'r Developer pursuant to Section 103 of the ENA) in accordance with the provisions of this Agency Note even of the Agency has failed or herein. refused to endorse this Agency Note as provided 3. Security. Recordation of Deeds of Trust. Concurrently wLth the first draw by the Agency, the Agency shall record a deed of trust with respect to all of the property that is currently owned within the Development Site as that term is defined in the ENT. as well as any property acquired with the procaeds of the draw, if any, as provided in the ENA. 4. Prepayment. The Agency may prepay any portion of the Agency Note without penalty. Agency preya'ymerts shall be credited first to accrued interest due on the �Agency Note, if applicable, and then to reduce the principal attributable to the Agency Note. 07-31-89 ATTACHMENT NO. 2 5626n/2640/09 Page 2 of 4 V 177 C% -.4 •F _z l I.- L 91 All j R A I FFFt a_"•ltt :C0K4, f i�� -,M v kS, 5 ...... i•V�o 1451 quv wtm� VX .......... - , i - -,I�", - Ii .-_;,, __-�II . -.-..,1. - - s_1 ;141 (Ivt,,V_,,Is� 4,1.t I. I.�) . �1 1 1 .I * �. - .� i. ! .�.,- l� I,, � ..�� - , : ' i v ' - r * I, 7 ._ �1 1_, 17", t - , I, .,.,... .,.� .eJ� . .j � , z ., ,- - t ;-',I t('r.(,". .t ",� !, i "o�,I. 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CI' I� , If 'I-", i, J*'LI I' , , ;�j�I t,v F1Fil•I1--k&z:�.-.,j„ , I " ts.Vi IItt'r.lte"NI4r 1 ". 11"'"il,L."I,4 -I _.,11 �.,jg.v wAR—1!L1,I441Waia:t",tti: A )- .. . ��k,,,%O; I I ,.. i I . ; , ) i t- , I ji 1'.'�,w $, 1,I"II '.t ,. ,:-Ji(" ! Note f Iit!i ",6; 0I Ii:1�V L, ( 5- No 9jtXRebt 11tI.I T1(t% 1.\eI t'f,,- , , I . shallo ,I ,4; debt 0f the City of Hulltington BeOCh or another 411. I .X11"0t41f�.4;I sVt except the Ageticy, and untington BLacpublic ewitity �14.fi,- 4h�,-I .. .-, i n,; ,,) ,10 Obligot-on whaLsoevar Hil shall have ", k%, _,-kfI ,I P to this i" , ji�1A I- �`L ).,`liJ,I't"-A ^t?,4", , "," I . Mis—el , ,i " ,!"J 1'i 1 fj_11 L,� " , II ? , , 1 ,,�.l "/ I1 a. At—tornpL:r'ees s iI;�11 ofE—emattLF5 referenced in this Agency Note. or )I',II!!ij X!�Nthis �40te, �e the payment of 4Ck..,,.. fPlevailing t lion j br-I ., fI to wi141tever other I � ' 1jhjI� ;i ,-1 Ir I, ' o it waybe entitled, sall beI,�,!1".i. I - entitled t,C�, (�� T 10 1 $.."i�,�11 i "" — ""_JjltT, I, t�,��iI,,3 I 0.. :II Qkuv► 46r'rt court and iV;ii47I-,,.1 1�,1suchexsI4A,:cl, I t�j'I I,JI;t h nt of the action whether openot;the�sameccrue lX' ;4�' I AV�`V,JV - ; I )i,;kI,,# b. Time of 1P%1V�&N ., I- 1 j) t@ Essenc - T-me is of61�-$If4�j".,,JVV,t,T"3�.1 1. "!1 igato�s 11essence of ij". � %1n ;II�� I,I"Ii,1I�. loperC. __ J) II 4 ._ t%1. IDeveMnd i— the �,fji�Jj�`� a,idrit I demands, �n-d il - ),t,II e I- iI �I � I , �. ,1 , or postage prepaid, return racei �� "..Ii1r1.h . .P_b-t;'-I,��',I�:;'_ 1Ii,`�� 1the addresses of te Agencand ,),;-)i I y 7 I" f`�T ril i �_I 1jr, . " 1V,-., :4,;.'?: 1..'',1"�_- -_,.%-.,_".�, , , .;1.._?. Ir� ; . -)I. : - ,7 .� Ii * I �, , � 4I�1 , 1 I � I 1I!A I %, A �r .ire; ,:,1s� j ofthop ." 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Y•« ...i. ,. .,.. ,,.,,11`1,,,. .,r., .::Y.. .,...::-..x'n1rY «...4 i/�fn..rC!?"!.::'...vY: � , ,. 11. t�� T i. 1 t, s..w . r 4 ,.; t4't f 1 1t.,, +. l 'I ; f ,';' r .y '( --1, , 4i,,.�)�., , :.,- ,-,,"I,1� ,, ", ,l$.�, ,- ..i`--.; , ,1;�,� ;"�:� �..,�,.t I!-it-J"", t y lz < t X. x ,. `rt I a� `�- , • t S ' 1r. t ' ,? ;F 111 ' c� t' ",,. 11' d. Integration. This A envy Note and the reference =: Gi` li.r 1 ; .,tit' "� .s t %;("I'` 1 to and description of i:hix AgencygNote in the ENA contains the -A entire understanding between the Agency and Developer t:elating +`'`1 ' �' tY�,t,�;,f i `r:'.` to tt�e transaction contemplated hereby and �.11 prior ,..r,tittr i o-I,., r't : r . agreements, understandings, representatiur(s, and statements, I�rI �?'' i `' �-'� oral and written, are merged herein and sha?1 be of no further �i,,' .� `' A.' ',jz , ) ;ti f.orc:e or effe:c;t. In the event of any inconsistency between the r, y= 0' t•`')," 7 '! `t'' ` express provisiotrs of this Agenr:y Note and the EN?., the ENS, ,, '(_11`•,,:11'ti,1. ''. shall govern. This A.7ency Note cannot be amended except by the )',r _,'„ L further agreement in writin executed b both t;te A enc and (• r f �f g Y g Y a r ,', Dwploper. '{ ', ti+ r ', t + S 1 a 1 "".1 , i 4, e t ♦ rr e, Wailer, The makers, endorsers; guarantors and , r ' - sureties of. thin. Note, and each of them, hereby valve ! Ir ' !, It, , I,i t . "`; diligence, derr•nd, presentment for payment, nociCe of ..; y4 J',��r' t r non �- mAnt, protest and nc►tice of �i�,«4j ty`�t``�a.' P-f protest, and. specsfically ,, �, consent to and waive notice of and renewals, ertensions. A'' "` =r'tvrrr, C�{ `''• amendments or madificaticns Uf this Note, whether made to or in /,, $r;�<� c;,,sti 1� r` ,. favor �1t the undersi ned yr an other arson or arsons.r I ,' ,t t ,;tyl;i3 g Y P P The % a.11 r,% , :� z pleading or any statute of limitations as a defense try any a 1�{{''"N�4=.n r; �: < t r .+ 14 L . demand zdainst: the undersigned, endorsers, guarantors and �� A � ',. ' .-+", 1; t ,1 ,�� rt, tc, sureties is expressly waived by each and all of said parties. )}�1+:°>, #,( }it ` I ( I?� Y�I1'NESS WHEREOF, this A enc Note is made on the da anc7 ,7+ ; ''4 ' 1t,51?t�);'1 I,t �,' g Y Y ?' %Ir 'i, year first written above. ';�%,-A t {j '+ J4;'rt `.1 r ) (.•„ i. ' „ f, :. t ,r I# all + tt, 1 � 4 `tt If a 'I . ' , r' r f'. , i' '(S, )J Itrt%1* rl f r'; r { '' THE REDEVELOPMENT AGENCY Or THE I `'! 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". i-,J `< ,: J! tY,. ,i' .t� j� ,'r: �' -`fi t t1t 't • 1 1 or, 7 141V (0'6 K j 4� ^41 S, w 4�- j -4 l4 40 EXHIBIT "A" 'J'A- , FUNDS RECEIVED HY THE AGENCY ON THE LETTER OF CREDIT' Amount of Funds Date of Receipt Raceived by Agency of Funds or on the Letter of Items Cumulative Agency nems Paid Credit Paid Unpaid Balance Initials 7 t Q� V 77 Y-� 2t' ", - T_, ` ., - Vj i CA T C� 4 V, Yi! I' Y,(- T f,Sr 7Uf .: ': - P , — . - �,- F 4 fill - At - , It 34 M 1 _ ,,N,;, ,.A.,'.. - � .., I -" , J.V%1 .,.;.,� ,I_I,1�!,1_,,,'1I" ,";tY..Ij�.--i - -�-",.,%..,". .,. -�,,q* ,!,I-:� .,. *i.•-.1,, ,l i� o4,f ., . .. -. S, 1- - - I , �--- ". �II, I� : 1 , --I .114;;-.;� 1.11' , - I . ' , �,- ,,-�, " .- -I I,l , '- 1- .3] i-. .�" .:; i l,' i , k _ , f �' .. - " ,I ) ,...." � . , � , � 4I,'A , I,1 , , 1 "- , ,- W ; ,6 I , , *Z. ,�"� , * . 11:_ ,,!I,, �'. .,It I i [SEE LEGAL DESCRIPTION ATTACKED HERETO I"I;�";i,A;,1,r'-,VI,!.*.jp�.-;:1�;1.,i.�..%it._S_.� ,...,,I ,ij V , ,. T I Y .k11. I1 ," I - ..- , _, I, 1 I0."I 1-. 11 N P II1 4- �." ? � 1,,41 ,.NI AS EXHIBIT "A" AND INCORPORATED HEREIN ;It` _jJ1,t gi�j_! . BY RFr'FEE;ENCEJ I. i�6"�n,t),,''1J vj"'is I�, t2;,11I f,, .. Toyelher 4 V . I ' I hog:ever, to the right, power and a•�tharity hereinaffier given to and l:Vj, ,, ,r�. 11It 3 1 -,- ; : A 1i�3"3 profits.and -,1lI; 11 . i;. $ + , Ik with , I"�i;� ,� (.f_]� ,I1 - ViJI�t�g,v interest thereon accordincl to tY,e terms of a promissory note dated ' N4')��,made by Trustor, payable to ordeL of Beneficiary,r�Kjr�'14�,l11 cV} ("Agency Note") and extensions or renewals fihereaf , and (2) the, ;tt 4�10,�-1. x,.4 ;- V performance of each a reement o£ Trustor incorporated b reference1-.1,;-:!,�N;o Aqp,,i,ii,.?itV"f!',,. Paymentor contained herein (3) of additional sums and interest -i�N,1z4, j�1," thereon which may riereafter be loaned to Trustcr, ox his successors,,(I,4,I ��,;,& or assigns, when evidenced by a promissory note or autes reciting � 1'�, I . 11 - Ih 17 I; that they are secured by this Deed of Trust. 1 ��_.I ,I�I4,-, � Z,1- r I I,'I - ,. . 7. ,, 0 -1i;,' --PI ;I1"!, 4.�,,:-1 4,.-P."M, � 1 ,T- - 1 , ;f - %"I �-, I , - .�1:,I ,! * " 6 N 1�.6- ,i .. I- -.1 , e , . ,1 .,r. :I 1 , .t I;.,-tT1" y 4. k. ,!;"- ti 11i,I"-t5;.,(,4;,�" ;rkIu 4; ; I �%,t'j yt , ,i I . " I "� � 'AI I'4i,�1I�ifk kL��,JW-, 'i'-,."i.V2i�JIf" ,�r4"c.ti-i eI "Ii ,�i f I ,"I I �fji, A,(":.il? , . 0A,io74t_.,;l0"O", j%-1,I , I :- 'I , ; t--;I"!1`j�"I I,,(f. ,;:i"Il"_,,.�i,,fAkA_)W. s t" ,,,; ,4f,*I�qf 'i "-f.,, IIIVi1�') e t, V, , �,I-,I1�1 "�/- A,`j! -1;?�,1i�k.-, 1�,;.�,, � --,i r aW ),, I.,;.j � ,)O It1�X-T1I,P.. 1II,,I',;I , ".. IJL. 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'-"" ,It".)V- ,l '",Ir ,. .;,� To protect s f Trust, and with respect to .;_�S,,, ,.,,,4 A� �IVk, I described, Trustor ex "F;, f CI__, ".,�", ,.)l�l and agrees to per. )r IJ�r"11,_; .j0` J'% ,f,�, )i"I n .�,�S 1'ij-I 4+ i.1li`-. ,k o510 , o , I ;�� o and with loss payable to Beneficiary. The amount ;_`-,tJ,' ',1-'-1l.0''. u y ,z_i -,-i _, secured hereby and in such order '-0""" "}9-I� 4lU1 Ik_i, r W,I_f t tP )rL ft,or rel CJ'�)Pr ;It"J, tI, 1,ItM�f notice of default ji Such notico. 'X� , _' A#!J�!�0 { ,.+lI'CI LTX. ( �,I ,'n or proceeding purporting to `Ii *J�i�",- pli (-i'I) Y.'�%fV44J'Jp4 1� I I ,V "�'- 'k " 1. I � lIL , i ,i, " t ,iI,_,'-, % 1f',7,_ I t I" � , .* , I. ; ..'f;4Y ,ft. _.itfees in a reasonable sum, in any ...1i : 1,� ".. ,l - ''t �I ,1I _. l l, _- .'I1ri t�l , S- . t h .I ,;, , I " IA.? II i."� �., 310,l ,II�I appear, and in any suit 14 . 4 I , I need. "�,,;,.-",, tij,' j-kv_!�% ( Il S ,".) %sl�1}J, 14 1i-y N31�_IkiP asses Aj� t i,. t f"N�4', -tFq,_, VI1lI"1�1{lI ,R" S 7 I�I ., : , ,I , I , I .1,4ter stock; when du 1i-,i%T+ IIt1h`,.'r,� '-:I II1}, : I-. 1 I— " I.j7 I , liens, with interest, on said property or any part thero which rf, jI 1I ,_�or T.. T7.z ,,_., 4I"' I �,.1" .>, _r'I",l,".- . �r ;k ��i, . 1; ," , - II Z i., provided, o 4kL1R-1ir1;-�e, 'Pi5fO : "I so ;nd without notice to or demand J�;.XN�j,? �.'" rlL,I 4�'�('j `I"OIAgation heL-eof, may .�4'?* xA'f;"_ 01'(�"4r_:Wr,,I'tsame 1rI l.��"Av", "I sir s;q��k-to protect the security hereof, A1,J�''114 , ZJt 4rL;i I�PI- 1enter upon saidproperty for such purposes; appear 3.n ,��10, ,i -,.'I Ii03I,"v .1''��ii641 � I I'! ,`"'i;-sect. !1!,TI"4A A'A I-1�1,., 'Ii I I { i1pay, compromise an7 incumbrance, chargeIor lien r'iN0 j-4,-;1 1t r, ",_.1! ,((% A -lor )i411�,I (4 1 _�Ve "N�v,ii-7�� ! . .. I I , I4 " "; 1. ! .. 'r, �J34)_i•4r,,-tJ")'1,--;(1empI V - I lf"_4.Ii jktI,j) . fees. li,I,Y�, 1y,!"'f t"4W,-t1 ,, NI" �(" j.;. " ,4 ��%"It.�%A i1Y�-Y,14L�i.4,!IIY ",;I I1-_,pJ' ; Oi with i.�kerest from date a£ I*YlrnIitl ',4 "�w: "k*"fi3O,�'.�J�_,1I" m date hereof .1�, A7);',,,#4 I-t4 I," regarding ��I"e1, ';�pI ,J'," "I A � . "' -_116i. I ,i-'I , I- k 07-31-89 ATTACHMENT NO. 3A Page 2 of 5 II-II,I.A�-,,-IN,!. w1,-", .i I�41, �-IZ_.:., ?I,�.!- l,_l�I-"'.X,:-�%T:0, p . 0' _,,-4- 7,�",7: I-.-1l� I --t�,1, - .!." ,.Ir-y, am�_ I_ _ - t '�1. I II 1 . , 0,I I" ' - _I 7, 4 , ;]1 F b I ,, .* • I Pti I4 1itI' ,if F° l� ,. A) ( ,I 1 ,Ii iI I $ - . I." .. ) . I I, 1, .---..I , OAt FI- r iI Ii fi" 4" 1I� I.i 0 f"y I, I-'t tV4,;f,;J, , � ."(, 1.,I ..:1..." , .. ,( '�,- Z, t i ,; A % :,I r 1II�, i, t A( 1'li "f I , f �I .1 .i . I -I �,. yj" 4 JI ty�if.1 t I i +" II - ' --'1", a;. -,- I. I, . ,. . '.' - -: .�' .�r 1 g 'f1I.1 "4 , � - � I,I d.tNt rX6,i I ,C Iv"Y,kJ i , 1, ,v ,,. '. -, `,:I, "t"" fIi 4. ,I(II I.V,, t If I NQ1t,4t"il,r,,KI t ), ,J �,,Nto4t v,,�AF� 0.o iI l, . I �� ., "J i ,41I:i;jj, "-,1v- 1y;,iir'atV,�,.'t�� 'i�'% 'll, 4%, , I,il� ,.�% '. ,;, ,t -,,G?wFif� t wC4I,11j�.tIA%I ;'I. "i3" ,,-; ( -4 �ZA,14.I1 t" ,0.+i" IJ, -I, �r 41: 14p, l�i `Itjj� I ,. I . ��, I ,J � ( $"1 I ., I "iy,-!"t,,Z'�P-�,I , tj C ,Il �. , - 4 -,r-� I I i,J I,. . V ;- "I. ,", CA.�1 tI!, , l, 1�,:I ,Il?, "4Ztt, " ,p,"!1 ,��t,II IkI,4I;.:' t,I)c��.�.I1Lt1', I:,, I I ," r1't:4 ( YJ"II, of, Z-tLi , , j 1";%1T i ,II",J ;,I'I .1, I f ,I�I II1 ' :it � , 1 ,1K -1k1qZ,e-;-I i( ;!4;V ., 1,eIJ ,- ; I [, ,,�-1 _A �lj046, f1i t"i II,I (' i I Il< " I, ; .` eV�jj�q[t ,"",", .�it" -,!A k ; I �i. Y, tt) rI I ,S,$IY,4y.t.f,SrIq.41r-,I , :, , 4, ,1i0. . "�4Oiw_"Jf-4J� - 4 11e IWit4. t, 1, 'r # 1 ;,�"II , ; A 2 -w,J-r_4)k1;I ,"4..i��-1--,�i.,"��,,r (,"Iv1 �:')I )6) , I ') , I_f411, 's .. 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" ;.I�"'IV ,< ; ,') i4;,!% "Tf( I.II" "'�, rt4 ',,, I,I i) ,,,jl` ,� f,J 4I , , C , 0 ,::i ": ):, I14 ;, l-, j l. ," I.,,�� '��J i(ItI, .- W k 07-31-89 ATTACHMENT NO. 3A Page 2 of 5 II-II,I.A�-,,-IN,!. w1,-", .i I�41, �-IZ_.:., ?I,�.!- l,_l�I-"'.X,:-�%T:0, p . 0' _,,-4- 7,�",7: I-.-1l� I --t�,1, - .!." ,.Ir-y, am�_ I_ _ - t '�1. I II 1 . , 0,I I" ' - _I 7, 4 , ;]1 F b I ,, .* • I Pti I4 1itI' ,if F° l� ,. A) ( ,I 1 ,Ii iI I $ - . I." .. ) . I I, 1, .---..I , OAt FI- r iI Ii fi" 4" 1I� I.i 0 f"y I, I-'t tV4,;f,;J, , � ."(, 1.,I ..:1..." , .. ,( '�,- Z, t i ,; A % :,I r 1II�, i, t A( 1'li "f I , f �I .1 .i . I -I �,. yj" 4 JI ty�if.1 t I i +" II - ' --'1", a;. -,- I. I, . ,. . '.' - -: .�' .�r 1 g 'f1I.1 "4 , � - � I,I d.tNt rX6,i I ,C Iv"Y,kJ i , 1, ,v ,,. '. -, `,:I, "t"" fIi 4. ,I(II I.V,, t If I NQ1t,4t"il,r,,KI t ), ,J �,,Nto4t v,,�AF� 0.o iI l, . I �� ., "J i ,41I:i;jj, "-,1v- 1y;,iir'atV,�,.'t�� 'i�'% 'll, 4%, , I,il� ,.�% '. ,;, ,t -,,G?wFif� t wC4I,11j�.tIA%I ;'I. 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" ;.I�"'IV ,< ; ,') i4;,!% "Tf( I.II" "'�, rt4 ',,, I,I i) ,,,jl` ,� f,J 4I , , C , 0 ,::i ": ):, I14 ;, l-, j l. ," I.,,�� '��J i(ItI, .- W r Y r t 1 • a) y y 'iiJ r �� w�'., r � { r�}�.: :,., J• - .. A�3T •lef .'.l�.r �}7 .� ),.�rJ.. •'.�� _. •J„. n' . tY ;.�', , - � •, �i.: .'i! it � ,, i ,., f), a,Y r ;;,; ,�?, ! n, .r ,�.....t?f, ',' •'��r :';�,/•. ,=I '-;i.�•, :� • cl j�_ ,f 'i'.`. - �4�f �y,k, t tt `.l < •?�' rj �.'1' - ;•. :r �i 11 � i i'F� r�i .ay i f • r+1.� p' , t{, �t!•'i ,.... r '..r : V ,;, yf 1{ . . , r! ,:P t # . r► jY,r r �:. �, •�� y o 1 ��'•' �' Jtil''. i, /;' f "':1 , i.',7,' , ',! �; `.t l; .k y.i ,�• } J4 j '• r) i ,'•., `r�. .'.' .. ... .r .1 '� '.'V I' j 3'1 ' C3'`#1'c L #1 ,:}r �,4i:: ,,,•�q,t' rr ,+ t1 i' '; 1r�•,. •�•'>•(j .' �',:'%•„ .. f:, .. '. t' .r. , - ,• ., 1' •. I,�f ,t . !,r1 r 1* fir, ,1��t.°'` `�• .. i .�' •., -',, -,,i . , .� .. �,. 'r ,•' .fit # �� ti ,.., '. L.'. .' 1,+,'" §'. t'!p-A,( V• .,.1 :,, ♦•h c. ,::. , .�! a .,,. . t, al ..«J. l'><x Qi� ui '( 5•. ff,. •.V- .. ..., ,.. ;, , •,. !t ai; ,•.,..t.. •'•., ,':�j :'. .. h}« .• :� .�i .., !. ..-.. `nt .c ..AA«tS».-,.., ,.., 1. '^..S�.�ral. �':fa:..F:. .�iELv'�a.Y!".+.. �� Aft ' f§Zi I�....�..A.�.a+a�ri..li.+�lisUc..ir.�1�,:.•.,...Y.._a.��.,,._......_ .r ...��_...,, .i.r. ,., .t� i'A '� y� !#LI i,;>> h :'' 1 its.., .;1 ;t`?;� ♦ !� `1; (5) With respect to all property which is the subject of this need {i s• of Trust, Trustor t2arrants, represents and covenants to Beneficiary that Trustor will comply with all laws, and that Trustor will indemnify, defend, and hold Beneficiary harmless from any and all ��`•` claims, acL-ions, lawsuits, damages and costs (including reasonable attorn-ey's fees) resulting from or attributable to anv act, event or t' `:�►� -" ;t_ condition which occurs prior to the date of repayment of the Agency Note. The obligations of the Trustor under this paragraph shall cease and terminate upon payment in fu.l of the Agency Note or upon the purchase of the Development Site more particularly described in Exhibit "B" attached hereto and made a part hereof. IT IS M;;rUA1,L,Y AGREED: (1) That by accepting payment of any sum secured hereby after its due date, Beneficiary does nog: waive his right either to require prompt payment when due of all other sums so secured or to declare default for failure so to pay, (2) That at any time or from time to time, without liability therefor and without notice, upon written request of Beneficiary and ,�,I ,; r�, ,,•; J,`11 presentation of this peed and said note for endorsement, and vithout effecting the personal liability of any person for payment of the r .1, indebtedness secured hereby, Trustee. may: reconvey any part of said `' c• '' `t't` property; consent to the malting of any map or plat thereof; join in granting any easement thereon; or join in any extension agreement or any agreement subordinating the lien or charge hereof; join in granting any easement thereon; or join in any extension agreement or any agreement subordinating the lien or charge hereof. (3) That upon written request of beneficiary stating that all sums secured hereby havi- been paid, and upon surrender of this Deed and said note to Truster' for cancellation and retention or other disposition as Trustee in its sole discretion may choose and upon payment of its fees, Trustee shall reconvey, without warranty, the property then held hereunder. The recital: in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The Grantee in such reconveyance may be described as "the person or persons legally entitled thereto." (4) That as additional security, Trustor hereby gives to and 1 s.••; r t'?��`� confers upon Beneficiary the night, power and authority, during the continuance of these Trusts, to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior,to !'rkti, M', rj' any default by Trustor in payment of any indebtedness secured hereby 'fT I zor in performance of any agreement hereunder, to collect and retain such rents, issues and profits as they bey^aye due and payable. Upon any such default, 9eneficiaey may at any time without notice, either in person, by agent, o: by a receiver to be appointed by a court, and without regard to the adequacy of any security for the r �,i,� `'t �sr� indebtedness hereby secured, enter upon and take possession of said v►t;} ,�} i t' e 07-31-89 ATTACHMENT NO. 3A 5627n/2460/09 Page 3 of 5 ..�•.♦.,nra.1 ��e:a}• / � 1.,rai 1 "'!:� �li7YE!SYFI wIRtr;l Ti - -- - - �)F� ,,il 'i'f: ,.;'�'{�1Z4 �is:i.r r �! fir i t; tti i:' F. { I, r •,( ,j !}`ri�4 'd , � i1t 4+W Ci , r + ti' t ( 1 {' J%, r. Vt+ `;s 7t' :�1• ' ,,t;..` r'ylrlria�f Rim :,,.i: 1�:r .r;.,L^.. 'x`�• r t,�• 1' '{�s: t'r:i t �. / .� r .f, �+s.��ltr )'ft,t'�...: �� :.' ilil�r'� .r., •!'."'r� 3f �i:` =�r 1 i _ t � .,.�. � ,t rf i i7 ^>;,��.1 '�'i�� I.t J i ! t �y �'C"•f.►iy � i{f... r;if .r te,t�. , y. tt ., j •�'. rkW!.{ 1',a�•ja�., ,,�r• :t �3 f e � •i ' S +i!1) r.idtfCt�R iFrl 1 i}!1! �-1dit:�+I7, it �L:1:':# I,''i . 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L. �t fl ) C�-!': ,�f�`), �t 'r1� t � `,({{ '! � � cY •' ' f• r l,. , .f - f ,� +:: , .! i J:(,` ` , �.ti; ri,i `b�, ;I'R{�?�ivf�l�ll,1�'1Jtf Ni...'i}4`,i.+":Yr. .1Y:- t. ':J •f t. r, I:.• —._ �'•_~r �r_- _— . +—�L--__ — - ,— - ,t I 'd' 1f-.��j.i k- r 3M '�•y)-T..,I,', it �. •'I. { 1may' ;.`, 1: , I t J t .� { .+:.' r 1J ,,{y+. �, , `. I{ r4,J,y �I ,1 •ttjr,: 'j r�' .y>.• tr �+;;.'�,•. :,,K .irJ� itz ,4 1 ,1' ) • -" ,,, ' ,i a; f. . .� .. ,, ,tt r., f) r` ?r - " r1 1 '' '' ,t ,a , ' ram. 4 ': ,t - ,•, ., .. '' .. 'tf .l _ li ' 4�� VI 1 P 1 �r1; ��,,t •:�+.. i'. .4_'. :I,'I, ,• �, c..: r..r.o4t4 • " , f r ,, � r ::. _ _ r i .: f r . 1 .'" { T?fit :S E rf :1 r . Cl Z . rtT i J Y 1 't 1 t `� ....w.�_..�...,.1 ,•'•.i+wrw._r• _ ....�.�......._.-___.....ri.►.��rw�.gww.,r+rrM 1* I ...'. : . t ..1,, i \ , i.i ' —.&4' .+�IwrA _ __ _ '_ , a t ia�{� '•' 'i. .,_I l''6!4 i , '', 'r -�. i , kl '' 1 Rom• J{ ;{:. .. '.r.,.i i::,.rr rl,:_.,i {�'1• > wr. I f �, f1 i 1'r � r , *,: ! i f{ .j r 3, t� �} t t j (�lfl�:. $ a't,� ) I, { t 1 ; '�, x -t .� �7 `1 1. ' Ytf�� r' tl ( t y �_1 `f 1 t r;1. ) 1' i ,, .r' �1 t !+o '' JI it ! ,' ! k - ;1 4' P. 1, 'rr 1 r 1. I f, r t, ' ,t." ,iti ' �,' I1.�, r J ,', r l�J ''. I r `� , t I .. � :) t" J c,k,,.r 1.. , 1 tA`+ 1, `�1= d 1 ,, '. t t i , 8, f '� • , r , lf_' 1 r.k ,o jtr , f. r�7 r t , }t . ' r t !1! -11 '.t 1 `j r` , -ft1� 1 ; -, I ". r r t 11 t t ,t �� }t a , 1J , i �� ` t /� J ,- 1-J I. 1 y ,..1 .� , r S,: I. \ }. h"i t. Jars + '' 121 ,i..y ' I,Ly'i " �, is! ,, _ ��i r,... ri1.., J SM { 1 'j 11 !Ii �r ' 1 4J " ; 1 I. i , "v 1>.: +! !t' t i -3 fjSi .,� t jj��{r1 q it �„ r� rl i�;'.Y1 _ J i ��.,yJ�I 11 �4'''(! t Vr t I t,'�' � St .j1s ' ' .' '' 1� 1 ` y 1 1,J1'Zt �1",f', `r \ is ( 1 ,a Jl]%, 1 I 17? f I t ,:_,� 40i' I ,t::,, < i .�.-I 1 'r.'r l ,,, .T property or any part ther�o:, in his own name sue far or otherwise collect such rents, issues, and profits, including those Nast due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorneys #ees, upon any indebtedness secured hereby, any in such order as Aeneficiary ma}• determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits end the aplication thereof as aforesaid, shall net cure or waive any default or notice of default hereunaer or invalidate any act done pursuant to such notice. (5) That upon default by Trustor in payment o. any indebtedness secured hereby or in performance of anv agreement hereunder. ' Beneficiary may declare all sums secured herFb}- immediately due and payable by dR�ivcry to Trustee of written de�t�;ratiun of default an�i demand for tale and of written notice of. default and of election to cause to be sold said property, which notice Trustee shall cause to ba Filed for record, beneficiary also shall deposit kith Trustee this Dcred, said nota and all documents evidencing expenditures secured Hereby. After the lapse of such time as may then be requied by law following tfe recordation of said notice of default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said proepty at the time and place fixed b}� it in sai;3 notice of sale, either as a whole oz in separote parcels, and in such order as it may determine, aF public auction ko the highest bidder for cash in laxful money of the United States, payable at time of sale. If the trust property con -fists of several lots or parcels, Henficiary, in its sole and absolute distYPtion, .nay designate their ordE"r of �ele or may elect to sell all of them as an entirety, whether o: not Trustor objects. Trustee may postpone sale of ail or any portion of said property by pulalic announcement at such firsts and pace a# sale, and from time to time thereafter may postpone such sale by public announcement ar_ the time fixed by the preceding postponement. ,Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any revenant or warranty, express ar implied. The recitals in such dEed of any matters or facts shall be conclusive proof of the truthfulness thereon. Any person, including Trustor, Trustee, or Hpneficiary as hereinafter defined, nay p:+rchase at s�,rch sale. After de�lu�ting all costs, foes and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the term. hereof, no*, to{+n repaid, with accrued interest at the amount allowea by law ia'i �Frtect at the dake Hereof; all other sums then secured hereby; and 'the remainder, if any, to the person or pEr.sons lEgally entitled thereto. . ({ ro � z !=; t,rf`,��'1�,'�1�.i 1',, 07--31-89 ATTACHMENT N0. 3A . *N ry oY{"' ,,,?., �''rlt\� C ( 5527n/24 60/09 Page 4 of S t" -. „ t yt7y, , i 1 � L' 'I- , r ~ � ' � r 4 I r r I '77 " . 7 .,.�• �'� Mww+ew ..sue.. r s a 17 � .7 r i+ V� t St _•r1 s; " r ' ' ,, i. I t r. ' _ �"w" 7-- -- x �y ., `" ,k7 r-,fJ 4Li 1 - �`,-I1 •S. l J ;,f r ,f J. , ' ii a, r'. ';--f1 i�,-i 1 tr �. rlrF 41. -J{ , �, t �L , �1 1^ r 1. 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Y ' � f'{� � ,_; It�.i .`{ MY �5. .,•I�r..l.r; .�• .,A .. tr % l:", - r' rt , .Y,F•r• t�'i � l,t,C . y.l: ., ,� '�r`i:i }' �' s 1 - 4..r' 1 •ry ��: �',I; :,t�- i}tY' 7Lr•. :i ,., .,.� /,. :, _.i; •� i rl '1 't.: - -,.,I. tiw. ••., :._ t , r;':+ •..;:.:i:,r +.4.Yi ,f ,7: r 1`r:. ;t. •'r-._ •0 1 a,.. 1%..1� +- .fi:j'4,1, ,l ,, -. .,.;, Sr. •_ r �,.r ,^. _.�. ♦, �L:..14:.a:..vu " >. _.. , )C r ;-!. •e l•�• .�• , a .f�., 1� ti�7 t +♦�: t�, :r�*"•, 1 'c R r xM .. } ...iS+Lk��• '- " �..aa ...r....r t.utL _... ...» ...•.....r.,.. •.. ... •. �. . �' � a tS`J�" ,..... '�rj ,.r �. , .,: .�'�.: �_,a�. t>.� _.J.l,:... �..�zt..........1;,:�___-_..--��f.�`.L�1_'+ l_`� _?I{I�{ •. •.'r�,E.. _ I �r �r•fr r4 Il�,'ta : •� t 1; It 1 �t rl '%• � t + it (I '. 1 41, 1 • '.� ,i t' G`!F , �1• r Vila "'' 1 :, ij IS'��(!il ly i t,rkjl;, /v 1 :,,�.• t ,/ r,xtrj,F1J; 1 11w•�i f{i ;��'•':r � �Ir..0 ti',ri r rl L �. F. C ��...: Alt.}r..... Y.�a.-'::�S�i _•«�; C•.-. • • / arf 1 r t 3 ! • (6) Bene'ficiar;y, or any successor in ownership of any indehtedness secured hereby, may from time to time, by instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder,, vriit-h instrument, executed by the Beneficiary and duly acknuwledged and recorded in the office of the recorder of the county or counties where said property is situated, shall be conclusive proof of proper subi.tirution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, pavers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the took and page where this Deed is recorded and the name and address of the new Trustee. (7) That this Deed applie3 to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, adminstrators, executors, successors and assigns. The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby, whether or not named as Beneficiary herein. In this Deed, whenever the context so requires, the masculine gender includes the feminine and/or nester, and the singular number includes the plural. (8) Thot Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to siotify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be party unless brought by Trustee. The undersigned Trustor, requests that a copy of any nnticf of default and any notice of sale hereunder be mailed to him at his address hereirbeforpr set forth. REDEVELOPMENT HGf'NCY OF THE CITY OF HUNTINGTON BEACH, a public body, corporate and politic By: Chairman 07-31-89 ATTACHMENT NO. 3A 5627n/2460/09 Page 5 of 5 �r�z ! r lyl wra, {L l t � • S r . r, f r wrw.�w�...lw.r+.r+n•w.w i ��'.. IT r rSol �kl a ! �4 1.,.t, � :•.t} , � tl J , w r t •, '•, tj:., } F 'r i,' J ��'.. t ��b , ' r ,a :r. y , t} } i 1 13: ti �•tt f t l �< I fl 11 1 �� !1'" �St , 1 ` �'` +1 r' j�X 1 :�1 rtt ' 'r ' i i t f _•�I. 6 S�= r { fury f.I 'f jt �O f 'i •iryr � i r 1 i�`t r t '* .rt j ,. ��+r} `t �' } f + � � 1 � � rG � r `,.� .ir tr ,: ! •. I 11 , ,t t nv r � " .l + �.,, 5X ! r '+ r ! `t i y�i l� �.Yr r,-��,r Y t, c�{ ��;�i`.ZJr�( s c{t t t - , J 1 .^ r � r , � �.Ia 1• ,,Rrt � �, 1 tJ• J � / f. � ♦, i �t I 1 ! f � � t 1 t J 1 i. 1 1'/. rr �_r1 rr� �t Z /,! t •/ 11 11� y r i S u�t,(r �jri , r{r kG a� JY ''::• � -•1 ' t , tr , ` t •. I' / �., t ,i } .., J� •• R •• Y } L! 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( /��' l.�r It'/alic CAr of/!i :.'/ S� '*/��. t if��'t, �,J t f'7'. );4 1 °( t�':SF ��rVt-•• ��i Sal it'� r rtryr��.i.Yr �, . t •t * i't' e f t / l a 1 1 t� �, 1. ✓ Y' S � i! i r'� t �.} , I 1 ,;� : � ,� r }'.f r y J !r t :r r � � �•� t �T, �y t +(+lj y ' +•�+'}'f �` ?,t faN J� • r J S, 1 1 + rlf! fi+ r'(r rr'4 y -� r,, y 7�,• �17 , ri 1.: �' ! j?k+ire dr , tt�t 4 fyu,,� f`�, I, < i�a 4� 1/�' ,� ti".+ ' t'Y � •i3 '-ff { rf.l •'11 '"j,'�.,21 t f r t4JiJ t I� r 1 i ri « t ]i t ! , , •tr J � ! 3J L '1• + f ; , } t��',i j t a t� 'r,l Fl.� .it`J ., _� C , t J ,,` .1 1 f r } ,tar••+.rit; ti}S,.i'4 !a•+.� a� 11 4 Xx I To y.,fti k f I f iji Fir if It' A Iv M 4 , ::..'L. 1 •:`.. rt 11,...:1y ,t i '\ t, �� r - •��p �,+ 17 "7 j— • ti A a 'EL No fu 1 31 89 15 :51 P, 02 9-1, -Wi, !to I, I- Ni 4 N I st" I 4" 4Lr"t" ASSESSOR PARCEL NUMBER 074-IS3-01, 02, 03, & 16 (TERRY BUICK) JLOTS 12, 14, 16, 18, 20, 22, 24, 26 AND 78 BLOCK 104, HUNTINGTON BEACH TRACT, I IN THE CITY OF HUNTINGTON BEACH. COUNTY OF ORANGE, STATE OF N CALIFORNIA, AS PER MAP RECORDED IN BOOK 3, PACE 35, OF MLSCHLI-ANEOUS 7 MAPS, RECORDS OF ORANGE COUNTY, CALIFORNLk. IL T ASSES°JN PARCEL NUMBER 024-153-10 (CITY OF HUNTINGTON BEACH) , ii-A ;c LOTS I & 10, BLOCK 104, HUNTINGTON BEACH TRACT IN THE CITY,"' OF ]HUNTINGTON BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PVA�N ON A MAP RECORDED IN BOOK 3. PACE 36 OF WSCELLAN�OUS MAPS, REi;- : A '�V '7 141OF ORANGE COUNTY, CALIFORNIA. , ,ire ASSESSOR PARCEL NUMBER 024-153-12 (rjOSNEY) LOTS 4 5, ANZ 6 IN BLOCK 104 HUNTINGTON BEACH TRACT, IN THEXITY OF i5miRcTON BEACH, COUNTY 0? ORANGE, STATE OF CALIFORNIA. AS SHOWN ON A MAP RECORDED IN BODY. 3, PAGE 36 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. 4SSESSOItPAKCELNUNISER024-146-0) SURFACE INTEREST (ENERGY DEVELOPMENT) LOT 24, 26 28,, BLOCK 205, HUNTINGTON BEACH TRACT IN THE CI FY OF HUNTINGTON BEACH, COUNTY OF ORANGE, iTATS OF CAMFOR.NIA, As SHOWN ON A MAP T-1ECORDED IN BOOK 3, PAGE 35 OF MISCELLANEOUS MAPS, REC4RD5 OF ORANOP couNry, CALIFORNIA. 0 At 4 ASSESSOR PARCEL NUMBER D24-152-03 FEE INTEREST (ENERGY DEVELOPMENT) L0716, BLOCK 105, HUNTINGTON PEACH TRACT IN THE CITY OF HUNTINGTON BEACH, COUNTY OF ORANGE,.'STATS OF CALIFORNIA, AS SHOWN Olt A MAP I RECORDED IN BOOK 3, PAGE 36 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE . or. r -14 t . . . . . . . . .ct COUNTY, CALIFORNIA. F. 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TON BEACH TRA& IN THE CITY OF - " ,, " '. 1, ' , ' ,� ); ; " , I - � -1. , I . 'i .- ��' yt, , . I LOTS 12, 14, 16, 18, & 20, BLOCK 105, HUNTING , . � _: :� . �114 . . , , . , .. *,!" , . 1, I 11 -r!NGTON BEACH, COUNTY Or, ORANGE, STATE OF CALIFORNIA. AS SHOWN �, .1 - "� " 'l "o , . 's. L''! - � :� .,. ., t. , � I - , . j , � I � I . HUN � "' "" ff� "�'' 6 �' , "I . ; " ... - .- : ' -_ ' - - !� , , , , , , : .1 ,:, c , " 1 . . . , . I . , , - � I I i . - , , � - 141k ; I 1, I SCELLAVEOUS MAPS, P-I:COKT)S - 6 1 .,- "' - 014 A Ai RECORDED IN BUOY. 3, PAGE 36 OF MI. I I - " . 6 � . I -1 I , :. I , .,!, , �. " i , ! . , ; . - - ,, , � � .. : " 1, . , , 6.,� , , . 1, ., ._ I . OF ORANGE COUNTY, CALIFORNIA. � , , 4, I - , � �,'V.J�i . 1, .", I - . . * % ll � fJ. I � I , , �..,. I " � -A. I . -.1 " 'it _ia, i 6 ", , 6 : 6 I � � I " 1.4 - . - 't- _ , � I . � I - �l ' , " , � , . , 'I), - - - - ,_ -� r � ; � ' 6 1 � , , � : . 'L , i . I . � I *6 , - ." �. T - _ 4 i� .1 , I 1 , .4 . j ' , , "_ .Q - , 1 6 . , I I I I .1 I -It I � .- " I " -) ' ' ' I I,- _`_ 11 ' '�.�� ' ' - - e '1' ,�l , �-, - ,.,.. 11 't - I I , , � fd� ..A x V-1 -.4-r. ml 'o .� � , I I . � I . I � � '. 4 1 1 I I . �l � � r,A 1 # j I- , . , , . . , . � _,21 , :,Y: ) , , -t;�. gj�,(� . 4 - , - , : . I I j7�., �l . I It" ' f ' ; %, :1 - ,6 '� . I , , . , ,0. t- I I I , I " � , ,'.� .� , .. . I , � . I - I - , -�� I 2--i t�. - 4 ., " tj - ' ", � I � � ASSESSOR PARCEL NUMBER 024-152-05 (SNUFF) I . , , 6 , , i , . I I I I I - . 1" ,.,,! . ) _ � � . � k, " l I I , 1, A � I li ��, " I , , , , I , ; . . I I 1'.� . , -, 1, •" f �.� ,.; � � ,�� .""'� . .' '6 ' , .;�.� , , - " �,, I � ,. . . " " . I .. . , �l � , .... - , .1-i- '. - - , 'AS & 27, BLOCK 105, IPJNTINGTON BE . .�-,-1111._;l .*q..�"."I'l.� �'- . .0 ..:� , ', LOTS ASH TRACV IN THE CITY OF I - , 'I , . It'' ,.: - . I .. �, - I - . - . I.I.... - ' _ , " - . . � I I I .. . , .. , .6,1' 1 1 1 , , , , " . ;' , , , � , ; ;,";, o � , ,."T�. -_.;�; . I HUNTINGTON BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA. AS SHOWN '�''. Z - I C�.--, � .. , . -, & . I , . , � �- I .. ,�.-� 6 i , ,� . � ., I t - I � - .,� � . I �' 6 ', �._ . - * _ , , : ' t , . � ' ; , � . I I . , . . . . . 01 I., IY � ;� , - ,i,� 11 , , . I I. �� :. . " -,.,,r' _j,-�, - 3, PAGE 36 OF MISCELTLANEOUS MAPS, RECORDS It".. � . : 'I - , I " , 6 . 4 ON A MAP RECORDED IN BOO). . .? �: $ , 1. ,; k ' 6 - �', 'o . ' ' ' .- ' ' " ' �. j � -,*, . . c , , 4 b I . 1, ,3� , . I t I � . I OF ORANGE COUNTY, CALIFORNIA. . , "'' - , li. . , , . � , 1 . 11 40% k�•I � . A,- �i ., v . , t f . , , ., I-- 1, r� , . I ,;; , , ... ASSESSOR PARCEL NUMBER 024-IS2-06 (OMOIIUlql:Ro) 7, . I I ;.,. "I I , I. .-C, � " , - .,j ,,, j, I 'i ,';, , ,-:,i, , ": I . .� - LOTS 11, 13. IS, 11, 19. 21 AND 23. BLOCK 10.5 C'H TRACT IN THE " , �� , ,T)" -, ��, i �, . . ,; . I . I,, � I " 1-1,_ , - , HUNTINGTON DFA � . — I I I - " , . . ' I .� ,17- .,. " t, - , .. I I . ,,- �, - it . ;j t ., ; 16" , . i , . ll."� .- i�'l ,..,..� , I., . .I... " .. I : .. CITY OF NUNTINGTON EACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS , -I I" ), , , .,;, ,.""i-, ". ,-_'� _. , �l .-i V I , , 11 I - -A' SHOWN ON A NAP RECORDED IN BOOK 3, PACT 36 OF MISCELLANEOUS NAPS, I - , . , I � , - 1- ,,_,�, o" " -.o�, '. t � I . ill.141?1� ". j , _ I I . . I I I 1'�_�'l , . .. - " ` . ,!.I sl � . RECORDS OF ORANGE COUNTY, CALIFORNIA. - , - . 1-1 � I, % ;A" 1 r .1 4- k II " . ,.,I",_l4 �--'�- I . ASSESSOR PARCEL NUMBER 024-152-13 (CITY OF HUNTINGTON BEACH) IL" , , g�!,� � � I . I.;.�.,4, ,,, � ?,,.,;, * - -, , �_.,,, .. �. , , , . `� -�'.-2 � � I .� I .'' 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O Ill. t I- YJ i, ,ri I`,�_+r (" 1 :'r `1 , ::j Y+; `• 1 f ,•r - r!~X. '� I. /r :.t•r , it Y yZ Jaj`r ., 4a �.Y '�I t J y „ )h /j1 r t A � r t �i !c ;'I t, Syr , ' , iR ;r t at"s k C r1 F 1 F' r Srt :..'�l-fin '.+ i 'f; 2' 2 It l '', rt i+ t -,.kt . ' { rR7• t 1(l �i. C� .1 .)/+ t t �•' %1i1 , II }r .l .r`L"' r,1lt r(, } t{{ t•..�•.ww , .l,i ri. ,. tr (r :l- y , jI II -I , .t �:�f�. I. + .} fit` ';: �� r y; ct� .z _ - 1 .,• r , -Ii I •,A.,:r + 1 i, 1.- .. .. ..,_ ,•, 1 .t `Y t^ W, ;,-t+. '•' y p. -... , •..:..• r:.,;r 4;. Y•. '.i ►r• ., ,A-f �y:.'i, .i: ..7u t 'i ., �1 1' •! a' 'f1 h ,., , , ;r , 15 . shy.; �: I- .I T (' �.. _tr ,� ,4, - ..,.. .s r ,,,�..,,�a ff C/ l:.lt lF: -.... t,.. «�.: _., ♦.'LY ,.#,�,�,','iyt 't{ :rb !r. {: �t' .., r jl!• �' ry f,,'r r It ij�}�1l,. I iV ,;, y ... .:,_.,I;.,.. ,.-..;jL.._ ��i.' .k:..riJ=,r!iMp.I,{ 'ti..,lvrl'rz.u.p.+ t ,�,�.,,.,..•♦�tt ' ra y ", r III • , �• ... �I�lsrZ+.tLL^�-sWl..l r',/►.r� + '•I �Y., %. t y j 1' , .V t r, .-, J T t� a2 +;`, (,JI Rat 1'``� if`{+�1tR..I { !,r t ,_o Jig. t 1, ;,,' i►, -.,tI �' QFf, qi •'' ri, ' n ,'t,',�r - '_ ' Clfil' OF HUNi�NGTON BEACH 7;'. ' Ft;i=�rtl �r �•.>' ''►` ', OCFICt OF TIIE CI1Y CLERK ` t ,, ' t z . 'tr "a f t(I. A ' 2OW VAIN 5'ivar 11EC0T1ATION AcREEF1FNT '' tl � �. t�� ,� i t� / I,l fart Ir t -,'• HUN1i�EGTUN D[ACfI. CALifi 92641i r; �" t' t ,t , l , r I ; ,r y 1= 1r ' .K ,r ++F I•f I f •f'ft '` . . ,{1• r AlII4r+:.�' 1 ' r'�' + tt. _'t'j HUN1'INGTON DCACH REDE1t1sGOPMEtJT AGENCY "A enc' " , , -I t 5.'r :k.4 'i+ ( 4 Y) and A-.i +1 . ,,, ., ,�" ar` ,.��,•, Ff ++l ,_: Company, a California Limited Pactnorahip ("A.M. ") and Pacific F' :,L'1, �{ t,.�� t�, * '� i.,.Ilaritape, a California Carporationr Dorothy L, Tarry, Ann Mneet t l ,'•'I r t ` ,• : iF r,r_s ,.:. ,j 1,, r1 Cary V. Mulligan, Stephan Yizhian, Eldon W. liagstad, , Anna L, i" .. . - ;+ �.` Baxter, Ahmad Named Abdc.lmuti, Eleanor J. Draper, Carlos Costa tl ' •, r Y11► +{ M1 t +I'+' (A . ' and Richard Schwartz ("Ownor Partt ci ants t ,1, i ' # r "Devolo ar° p ") (collectively Lt, 1. lopor"enter into this Agroanont on thta tavms ar.d r► ( 'ft`. ;! j It - • provisions set: forth below. I' `zt`,-J_ y" ' [ rT'r " 'F 1 Ii rAt} f R E C I T A.� S t t 1. ; y, i t y, t t 's AtL•1 I `tiI •_ t�• ` =T t. t t% r+ii'1'* �I +,",,r 1 ,I ` 1, The Agency is in the pioceaa of implementIng the 1Nsin x ,-,- i .Z,� +rt�,i,r� Y , , !J , t f + "r �y, + ,u t a Piar Rodovalopmcnt Flaa for Mein Pisr Phaaa II. t{. It Jr' ' IX, :Y t ' t' ,' ;tit' 2. Tha Agency has solicited proposals for a certain M, . r, ,{ X' +};; 9 •+j# tlI Portion of the Main Pier Rodovelopment Frojact It. as (the 'ftI.-T ++ `f '=x ), h � r i; 4i t• Froject Aran ) located at the north oast corner of RaCIFIC I �ii'``'' t+y}t + ' :{ aI f 1 t , I't Conor, llig%144y and Main Stront, which portion in the Site", as � r rl A♦ tftr , , 4I, - yt hereafter described. ift[;7; a'0na"?� Grp 1 �r iY i. ' '. - ? rK ,Y '` 3, eased partly upon its ;�ropoaal as submitted (the yk f s r Cc 1- tJr G ; <, -1 ,t °, '' rt,,r ! rr tV "proposal", tirhich 3o attached hereto ae Attachment Na. 1 and '4" ?I, 't.l� I,171 - I -I., II�,;�iI�45 .1 6 ' ,f istcorporatnd 1;araln), (the "Developer") has boon designated as ` # ,I `'Tkt-i+I+ the party with -which the Agency will nogotia;o concerning the l iy . yk 1 4 tS rodavel�patont of the Site. yx,,�1;F,w ;,t''� ` + ' x! 1 N till T.' ,. ' K i ` A "�, ' it 7 r 7` i� ,tr:, , rl : .., t; i.1 , '1• The parties herata acknowledge, that the economic .J f♦t t >,, I 1' !. f ,: ,, �� f I! JJ:, fe+ceibility of 'proposed dtwelopment has not 3��t'J6�it,'. " ` ` yet boon detetrmined ,, t i ;''rj a +d`*Ier'►�: ( ., " l '2--�r. ,. ,t ,f to the satisfaction of either party and, in particular tlta ti". 1"' ' ` +. l . ,, , lr r�,; tv 5+ I , _�t t ' question. of rehebilitntir.{,' the retail ehopo on Main Street or % ` 1, � I?',i"; f , 'i:' t' `*r denolinhing and reconstructing aatae. K r �, > �1 T #yr*'.1+, �1{ r� r } , �'1tt}S =�rYtlrt: 1 ' } �� ` ; .� It c' THE AGENCY AND TiiE DCVELOPER HEREBY CREE r? It V: , t - , ! ,E Alt :l + t t = 4 ), t ,, 1 ,, t „r ,y r - A A3 FOLL•4W.1. 1,,. `.1 �,I'1 •f11':1it 2� I i+l' ' y, (Section 100) Noc�otiation. jj ( T t�l 'lM �r�. • + Yt r♦ 1 }} fY ,gp��217 (t { 7 , Ii ' *' 'Jr ' 3 f Q A'*l7ti"1'1"i;l^' 1177 i. ,.. ai t. � I� rr il,..�"((�o-f ltir J,, ,' '� (r 1 *fit F W t'r4 ;(y,, 'r- u? ,4 : • ti,' �. A. (Section i01) Cood Faith Ne otiationn. ,'"Ij"t sr(�'.� ,t' �.,,2 + it Y ,f i,;i , ,� ,n ' / tt' ,. t+'ir },�tl , t; �t rt ai. r t� 1, - ,�f•' !:., ,... "+�; I , t set forth belawhtoAna,otiate ins oeveloper agree for the period `,` y`�, atjur,+ i,'t `; �V `r ray 4.,::1s ,t.. _. a r.. .41'1I• r4 t 9 o fa'th to ,14A:r. l.,t h•:_ . "I"'IJ r 11. 1. r ff �f i;�, x , ''l Y�r 1, tF , I I i �;,i %3• ' �' ( t iIPt ee5',('�y �•. �r "'�. u jib' 'y �`�i•,rS ,fl k[ , 1 ` f (,,`'�t; (f� ::t, f r r t ,{t ta3- };` y " o-� , `C,, . I!' r i r j k+� l b Ja >• . f , tt n..''t(,.t,1; 4i: ,Lt fr `1. ,.t ''!,." C f1 ,, ., , of �llrl� . 12 prepare an OPA or. dlepositior..atsd develapmant a¢roemeni t� bo entered iqt batwoen the Hgency and the Developer-concernir+g which to that certain property in the Project Area in the City of Runtington Beach, Shown generally on the map attached hereto as Attach.•nont No. 2, which ie incorporated herain. The Agency, agrtaen (for the period id provided that this Agra .nont J_,%ins in oifeet) not to ante: into a dispceition and devalopmanc agreement with atey other parson or entity regarding the sits without the consent of Developer. The foregoing s}.:11 not be deetaed to prevent the Agency from furnishing L� anyone public records pertnininy to the Main Pier. The Developer further ackrowledgea that its rights heraundFsr are subject to the Agency's rules for owner participation. The obligation to negot±eta in good fait.'t requires that Developer communicate with Agency with raspacE to thoao issues for which Agreement has not boon reached, and in Such coatrunication follo►r reasonable n�#gctiation procedures including meetings, telephcna ccnVersati•ana and cor_eapondento. It in understood by the parties that final accord on those issues may not be reached. . 6. (Section'102) Recauiret!_Actions. (1) With n thirty ` (30) Maya from 'tho date of this Agreement, Developer Shall submit to the Agency a �' ' -t'rAr' T"tiF -rrr•^ A ' iA y ♦ w t tll�l Y Y rl t., > J .,f H & II-'`_ to rJ�t �'S y fY r t ''j f it ( • ,J �( 1It' rZ+�{�, J, tl- ( r tr+fX'f+r7 t�cStx�}iS��'A"W w� j' 6. it .ti.).:J I 1 _ 1 , ' t /' cl! f r rft[i7. , `" ,1 (. I t '' , t ' fjr+t r •r .�, s�� + 1 ,:, , ri) ;�r; i e �*, A 1 r�'t I Y , k G+st +:t�s� •l+.'t I ��rr,F , , "I`7, , rl . , ! 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JI;, ~ -.�,, ,j t�t._,. 1.� +. : At . k-it",r{:r'4iIil��y!t(L..',S.I.j1ulR7r,,7t'J� 4! r; ,t+ r r: , t :♦ v , I '1! Y 7 r a; -!. , , .. „ r 't..1 : t ! . ♦y t{, f�T* }s4 l�Ir tf �'!t ' r; } •I .1ii't -r7 % A 1 + } X, ',` r �i `i `,t I tI` i 4; `j4 ' t • t ikl rff ,17' f vf.."�1� ih'LA , r�!�; ;1� ^r I+ .� Yit�r i , tt i y �`a.,,rrfl tu,'j{}4 t>rJ'.,�!"-,f�•t! I, 'i., 'fh:l •f:5.1� t'' t `JeY~ r,.Y 9'!4'iI r( �`f�f f ;t t `ts t„ ��t�;I'r , k t+ d, r'¢ ��x , ,+.� - l.+tS Fi ,. �� `f`t '.fit !1+'�f, f.:! Ar:' ,, r �.r �r1't t' t f}f 't �1 'r?iI r tt: ,4, � +f>y.Ir 1 �'t}!f^lt !`t.,�y�nS. �.`'J'�. �, •, �l, 2 l j t �y71"}�" Sx (ftr�f f'�' � ''I /�, 'tIt 1'.• , y'��1 t {'' , it lfl ,, •� tit �4/i,��Y 1t�'}r��rlf F:•l,�l+ ♦'.,1 it`'r ?T�,•'iF.� 1 ff I t I 7 i , lif r" r I' s; tf�1-- tr k-" *- r J` li .k'1,„ V t, , t t•' r,,I r tr ly1i 11 ,tr �)'' ,l'''13�jt .{('_ i;r h *!7"1 t,-r !' /.,,-� 5 :! -cf�, - . i • `k '1 ilr lj9r� + t.�t' , 4 :t 1 •tf','{{ t, ' + »if '�4 ' ckr:4 tt;,.f, 7ir� ;t'f 4s ,�3c� -�i s .- .r., t i i• ,. `L�Mr � ,. y T Y ,' i ,.�, ..1 r•• ,. �� i, , . b.��, •1r�� w •! 1c-� v4Gv' "i •� }4 F; f�{ J+,,, t t' t.E.,lt, r fj 1 1,r {�' ,j' -• I 7 :.f Y:! {''•,a-v�� .( � -,r �; y r ,.�, ` )r Jq r , .! ,A' ,J It r I 1f,J, i ,t �.'Rw R t►') * „ ��::�. 4`. J !•tr S �` l' ,' .r: `� - t �:a r , lrc' a f 4 : o , r3 t r+ �, •�, ; It "i tfti r,r.. fi •t f - ,.'' x _ - 1 { �S't` ,� r �tl ' • ,f {�> i� �, ,f(t ';+ ' r ',' � t�-�a��t�--�;} r. o 17 �� '.I tVI,,•�'•� cl cr. .`1r rr.l ;..: , � •t t 'J' � rl t . tG F ,� i�J.� r -�`•. ji;. .. c''i tt�'..� V�y � .it .f ,! _ .F 'Ji` �.�,f �,i,j S 1, M , I� 1 i k w { /`. ', i,.f •' -f,:�, + •tS: i 7 ::• � I : � ., �.: ! . , rR, - iw"� .ti p !'. ,` '�. :t .t � ,{ �� r+��• ,�•.. ic, iy� ., ::'. S•t.r r t •-. f f.., f.-, +t1iJ:,wxilr�a<i alrifH••...aw :, 4}.�.:'.'3...«,..alt�lu «t;,-�$..�.�. ...._. ..1J.. /:- ..... .. _.. .,�,. .. .1 .. .,'"',L,,..i'. ,., ,,.,. ...t..,...,�..:•��li l.l.... «'..... r.Ls.—�3^CY „fir '�'#ti I tr i •!� ii `t t Y � t ,' Ir r,\1t :�ti f T�,.n lI-,r t , is,',i t�, t} t r,..I r - tt detailed narrative description of the general ecnpa of 1'._'" f :'• `'' + developmeat proposed (the "Davolopmant Concept"). The "i t,rt t Develoment Coriropt shalt incladnr +�. (a) u detailed otatemont of land use/+tnit mix and pralininory site plans and elevations, and r.y .y• tonantn tram whom signed lottere of iittorest and/or participatitoa leave been obtained• r rilLit�Vti (b) estimate of d velopment casts and t jt}4 operatinq rnvonuo, and equity requirement) 1 {�i '� . ; 'i (c:) )coy ansumptions as to economic feasibility, such as development timing, and e;.p y v r• ;J i ' 'i}>� commitmonta expected from the Agency. Jf J ;'Iris � f C (d) a dota:lod analysis of rehabilitation `�j as contr aatod to now construction,`t-� it All ,I ' (a) tho proposed scheduling of the proposed development • (f) the proposed source and method of financing. I Itly';Xtil�t r'�r . (p) detailed biographical and background y .1 description of the Developer (and all principals in the prrpoaod development entity), including such ,r mattara as (il prior record with raepoct to the f � j cy ' , t {c completion of projects, particvlarly thoa6 of a scale L "�qr'• i �l comparable to that proposed hereint and (ii) record of:t t timely performance reflecting minimal litigation �' '• •) )' ,f as `�� i ,� � f ,`.,ti, and/or concerning the pageant cf joint 1'• `} {I'j venturers, contractors, 5uppliere, or taxing authorities. It is underatood that the Agency may `- take appropriate steps :o verity such matters, and the t ry` Developer agrees..' to cooperate in furnishing such 1}lkj „ Y4 f v jlj� (U' ti I e-%'• informatiut, to thn Agency; (h) identity and audited financial statements for guarantors (the Developer uckttowled4an that personal guarantoos (or such other il6ourancRa as the p Agency may requiro) shall be raqui.rod with resspact to obligations of the Developer In the event the Developer dons huninoas in a corporate or partnership fern) proponal for Bite assembly specifying the tl�t ,Yamount oL Davelopetr'o funds available ; acquisition. 7hQ r L Developer acknowledges that Agency funds may not be available for acquisition and that an �� j"y`• }'tXi,��' 41;' + advance of funds by the Developer to assemble the Site ',' '°''•�}; R-,'<t tY� `� r. (including acquisition of intarout•e iri property and any relocation aonistancts) will ba required. a duly executed written agreement among the Owner Participantu and the A.M. aetting forth thn t; �,'`St'+•;r;,�*, ; �''�+ rights and obligations of each party. 21 ',: its l�.ly,rrl �l•�i• t "� t` ♦; The Agency shall review the Qnveloptriant Concept `+�� Jll and may either approVe it, request yodlficationa or reject iC. If the Development Coitc•tpt is rojecl•ed, the Agency shall provide a list of deficiencies to the Developer, and if these •r',r♦ v1xr 4, 1 rr c � r fc, it i } 4> F� � defioien.aes are not co;rncted to the satisfaction of the r 1ri1��oFC� � ,. Agency within 20 da s of ruch rejection, this'Agreement shall autcmatically terminate unless it is oxtond%d by the Autual � � • � ,'st N+tl , +' ' '� agreement of the Agency and Developer. The Development Concept: .7 �>• r,t f1t, }'�.; ` shall be consistent with the Proposal" (Attachment No. 1) . rl3t xj+-u1f7�,J r. �i.Ji�� 1: �! ��r, ' j+ ; • (I',,,R.�j �; 'ern, ytr.r� •i �. f4)r f `;r�r� `{ �•�� 7346p/7460/09 -2- A,� ' { J' �.} 4 }� ) '.,.; xs•�f, 4_ �lrr�—g- J rr••trt.�.-.,F�l Vt—..—,..r.,,,,r,� .`a ;••••:,'r*rr , ►s„m �� •q�. •t,1." '�.Y�i�,��J+,i�r� r{ r' ��`tla'�� .'..uJ.ts�i�i►�S+,r :(w.t� .rp..*,�:/'('.l4 �`� �'� ��''�y�. $y t s 3 '• v t n tat. ,E:, ,� t' a ►•r r,a r: �� f , •i� }:�` } , 1` i h:f i' a� ' r. � t '.{ t :G 't '. r ��js III, 'it S}'ri} f' .,• '?i#"rY,;.. a .3 'if �.:.+},t r. {ji , r 't i ./'� A 1 iJl r` tl: r v -t.•, ,1 , i iL°,' f r .i{,}} .a - y •" jr!�� . r:-; rl° ro� _.. -,i i J<i�r , „• (, + )_. '.y •t.�r if'' ,i �r w ��'��'.,.' yjy l'r.; ,,y,. S i i4��:tdrJ.-•.�,{,ii.t f, ,f-.:.'- !,� r p. J-{ ,1 l .t i y ,t•-,:, 1. t�; ri 4h`11 l tt . 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'a r i�. ,r , `,l.:..trvA `i•1 r•f1'. •r > 'V1 1r1 u{., Ar}r ,.�tx l a } i, , j �.5} a ! r,, r ','.f f ! t irr+ 1' '4 �r }y :.,7• v t •;,w ti�1r/'•• VAL.,'.t� 'Ft f ,�b.'t7if?t{!3"i? , tL !{ tli. ' r Y i� Jt'r , Ti +.° { (j r y; ,� ? �, ,•, j { / ' ' r 1 i � '+.; { ,', •lti j 4Lry%aa�'`^r.,. , /� �•(�'y.�? ;li r JI( ,!'•"lt�n'Siinj11Y a�,��, '! :j� :,t l•••''ti'{ ci,+1, ,_ t, -r i, .1,:} r i itla� ?„ :f 4,. y-� " !i l�'� ` t f, IY' (L r ,i ` 1 Z1 �!; l I {• { �'tii �7♦t! `fry 15t'�: j. fr r i.. t '+r �t{''•Jtir r�'''t:) i i i,t r !! li ^ {i �'w �r• { ��j r>; �J., fr t.�E}J♦ ` �jt a.iyl {g.yl y�tS y f. 11 }�.r;•{t�i(7f,'r,1* �'+ i+17 i� f t{'Z,f ^"f.,rt�r 14 r . F,c i• ` - �r '1 rT x"'t c{ Y 1 •• 4 /f �5 t t !• 1, •� .: i � t; c Z ' l i � t , , :. ,. r I ' I' f f } t 1• '„y t � f{ it r n 71 � � ��, �j 1 "t\ r• !t i i(11 •, 1 ,�� " d •'t��, 1`��` TIJ(•k1t(' tTi 7 ]+a .tL•4 t,•�.}.:� r�. :� ' , 7.. ; ,) ;t,1j�rJ+.,� •.f• t f xi f� r '.,! tiers 'i: s .1F.. r� l� { �+ n q .i•t; "r .:; yr1<;i :,,. , 'h#J C> l , .. •/ , i, jai ,: t a- • } F` tt rf '. f" �.� 3( 1( r 7., I � +tit yt'.tA. I�FD�fa ry+� •e: '�j e �t'S;� j1 t _:, L i •�y •,> •,y-• rJ �u s , i ; + r e {� :,, � >r a �'i i p ,r. ,r .5•!; r'� pry r 1�.{, ',ry.yjR: �.� i .,,Yri �• 't •r• � ' ♦�. �w��,�' rl r�}�i i; n ,yt .7 ..rat �J, rat, r V(:ri F J A: +=•fix 7 ,;'.1 r•1 (y _ F►1{ ti i / t^ii'1t}i1TYYY+' lay. t�'., Id `•j4lc�t1 l 4r t j 'i f� fft t` z pit 8 t ; r 4"1, , Y , t t �.r(t�� r i'. : lit . 1 ' r , } ,• •7� ! � i •' alai - - �, ��". . , �'" , Y , +rirt' r , ,. I• • �. i ,..f :. °' . � -.., �.�.�...._.»'.».,�......., .._ . a I .... , . ... .. L .. t%t..,. ,. .. .. , _,. , , :.. ., _ . ...i .. . ....... _,.. �a.u.:.-•.,....+r .... _.,., ...;uL�i r...... .,. �•Yt 4 S '>v - r i r 41 * 'j} (2) If the Ac;anry approvou the Development Cor,apt, %hen, on or ltefore Mlay 19, 19Ei6, the I,goncy and " i r'<y•'i�'f)r'� i 1 C jf IiY C"/TTIe( .. Z` '�, '' Duvelrrer shall Litter into a nemcrnndur,t of understanding ` rr�,r �� • ', t ,'' doocribing 'he buoinoso terms ('M.00) around which a +, y r S r ;tt; r A.4 Diapcoltion and Development Agreement (DUA1 would be Wage ti ated i with respect to the development (the Dovalopm9nt )• During a Kj,a '► u " ar .: this period, U4veloper shall prepare and submit an architectural concept of the propoued Development. If a M-OU nos not been enLarud into on or before May 19, 19116, thin ► f r,+►'( Agreement shall be automatically torminated unlasa extended by J ,r ? +' d Manual ayraament of the Agency and Developer, When the MOU In 7 (f •�, ! r signs d, !,t shall aupar:,udo ':Psis Nagotint:ion Agreement, accept ' ` ! ss� "� t t� ,lr ' 41' 'aynSi �' s Jt I, for tlsa proviclona of Section 103 hareof. Y ,1 Al (3) lit the event that an MOU is approved by the parties oat or before flay 19, 1986 thin Agreement ahall ��.. o.1i�tYur l.. ' f '•` - r terminate and the MOU shall continue regarding the time fromIF Within w1litch to negotiate and execute a Dispoaitian cad Devolopriont Agreement. i , ✓"' , Wit' f r= 1 1, ate "i Vi r/tom" .. (Section 103) Deposit, It, r i1 ,1 ry pevalopar herewith submits to the Ayostey as u ,^ ��• deposit the cash sum of twAnty five thousand dollars ($25,000) in tha Corn of a cachier'a or certified chach payablo to the Agency (thu "Deposit"). The Agency shall hstve no obligation to earn intaret,t on the Cettoait. Any interest ascend And 't remaining upon expiration or tcrminption of this Agreement ,i , ohal.t :o allocated to the part; ant:sled to such remaining r > t `>{j , portion of the D.ponit. 17.# The Agency shall be entitled to expend any portion of "tie Deposit (and any int'nrost earned thereon) for the purponea of Implementing thin Agreement, including, without (tii"; limitation, payment of costa incurred by the Agency for staff t ;;+ `° t 1 l time, feasibility studien, and legal fees related to the ! negotiation and preparation of a DDA (the "Agency Coats"). The Agency shall have no obligation to return or refund to the µts,,' k+r Developer any part of thv. Deposit ao expanded. T',to Agency t "y. r estimates the followJng costa noOcuiatad with this AgraemenCe '',�r�'i'J 3` • � : r i • ;� s:gip• }'tt Legal Foes $ 5,000.00 r J Staff $10,000.00 itrl, r+`;51 Land Economist $10,000.00 ,�' r - I "Tit The Dnpossi t Is additionally made to ensure that rr s��d I f' Dovoloper w111 negotiate in good faith with the Agency. When ..Valli rZ. this Agreement terminates or when the Agency and Developer art, .a c enter into a DDA, then the Agency shall return the Deposit, less the Agency Coats, unions the Developer hue not negotiated l in goodofaithin which event the Agency a:txll retain all of ' , earlier 4 f TltPj Deposit is additionally neda to ensure thatfi, Developer will negotiate xn good faith with the Agency. If the tf rS'F''+ 4,,e Developer has not negotiated in good faith, the Agency shall �.t�t,, retain all of the Deposit as liquidated damages for Developer's �t t �s� )l;i'•tt�s• breach hereunder. f,� fit The parties agree that in the event thinN. Agreement in term inatod based upon default by thu Develo er:> the Agency will sustain dariages. including those attendant upon the postponement or loan of redevelopment of the Site. The ,"t` }'r'.* , '�`�� H� r�•� f r I s r purtitss agree that it would bAV e impractical or extremely ,ti Y i till; difficult to fix actual damages in such event, that the Deposit is s reaconable astimate of the damages that would be sustained ,{ •y ,i by the Agency, its such ev"ant, and thot the Agency may in such rr , 5#A��, ; event return the Depocit an liquidated damages. / evslopRr Initial er Agency Initial Nnra 7396p/?9GOj'09 'ii: , ► I . � +J , r , 7 ' -.' - t r •r . 1, RRfb'>,LZV,�".•�RTi.1� t t ': f�r•�! {' \ s ""*err!�!�- ! � :.- .;:'; ��v�.�r+?Rnr•++7�Sa*Sa+�9r�ns+cf�nirc.'."tic� '� •r .. _ .. a ,':F a 4.vt .��,ti, , f !� 1�{ i L.1 t Y`j� ��, '1 � 7 i t ., r ;, I f • , . 1 x � , a", .5• r � 7r 1 tit l.t s+ ' � ' •�' t, .. � . 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V • '. i.. r'I ' R'Y%' i 1 �'�„ td 1 t. r�...r .�! � L�r ('. ° t;i fir,:• % f tl � +.: •i c -..�: , , rt a •l. '� :Y,''t ^ k . rh.1'r wi ' '^ .•(..•- ��:, F' l"t tr'<,'« rJ r.' t "F 1 ( F'' ! rt:. r ,.,. .r y'I .: '.'►')r•:t l+n.6 r ]7 y � J �;( •'�, .Y:t t �,£, Ir�l •;,' )s.^�. � '.t 11 .i�; � ;,r • , ': �':t,.•r , '.�,� +.,j;i� r e}r T 'y j{.tltr, i�. .pl. ,its. {� , .,�� ',l , �;�1'f�,4, i r }.> ♦ � 4 71•+"�> r;2r}'t r1�'_r• '1/f��{JTfir~ .i.,'t•e ?,Ir�rr l.�ft (,�:t t r "ti, t' hI( ,i :lit l�'{,- rJi1�, � i,7 , ��"� . r t, • Jt ' l t''i'" "t. �~i ` y TrfV"^.1t'!, tt„ {i. tat, r �% "' . .t," 1�r' i� .. •. iS! �C' �1'f;�� 1 r� f. t }�. , ' � ,�'i�Ijil p. :\ _I r t.�� l,i•�.,•„�. ,7 •tl,-,{?r (:3-�,y`}" 1 ' •', s, a N`.y al ,: ��,1. `S.„1. L'.yY.�t'3 r ! tf y�[.: a"�,'}' (�'�S''"rr �, 1:11` •3�it� t', nit ".if.Jl.t ir'./�'11.�` {ate .i "tG ... Si'r Y �' 1 l+tfrt y ll J;i;r ,r •,r 1f�i , • I ,-t., hf i try i ti�•l' '7Y.�, •/� ^,; �jtl �' ✓,'�i�I� '1 tr frt.4Yi',tS�,IyY. i 7 ~ .! t'•'` (� , t' iL{ 1 �.,, A rC to _. _11 :• f ,.. �';j;� . " �. t ✓.' ` r �-� �},i I L,,. ,, it r 'v I ( r „�'.,:, , 7 T....r + �e ti 1., �•r • F 1 , r . ! " t �L'f-" d4'T..,•' , %�t Yl ., ,.�/�s�".,�r:•. St .r, y rl i{- f f tY. + � 3 • ( Y 1. :F' T<J -:� }r•I � 'ti � .� .t �.' I>} % ��I 7 :�`'•� Ut a'`)1:''�CIP;��t, ' ,s ' 11 1 ( ! 1 ~14r '.L7�• 1 a l� r.t rS^.at tF r¢ ��- 7 �K. l,.,• % ,. '.i:. .-"��•}'.!.':� ,!,`r¢ (.r �l. , ,- 1/7. .x ny,+ 7 iii. tai r'ii �FU .". .'�, CC S f Ir 5, t -/, '1 :�l , .14.i� : � Isl a / ✓+y ;' par .::,1 JK It r�: .".1'!. i\. `�� tt I ,t J '� J� :1'} \( " {!t, •�t't",. •''�11', «.",B � r��- t.. � R, q`L' rt:.i `r'\'3 ':',' tJ` 1'�, �x�• ` �' � r, t.' -, 1 ! 1 +' , ,+y'`1 (".� ' �f rl•'�.(1 ',r n 4 �t(•y..�. ....: �''. .1. l7t,i! :",I . is ",'. ' ', :!„•,, .:; .tt. .I,. /L1 ,, t ••F. t •\,, :!';, ��iL ��' �, s,Yv�. J No" i � ,r r r! ,. , t ,• �-o:e 1 .wr i r ..i f 't tti;. " '' i r i� r 4� y ✓ '�i' i { } • r •r+I 7 '4 'r f. I_ 2 ...i S�) y�r , i •, t I S ',r r y� d'1� � Y1G'4. �'Id��td [, Cr 1 ,}t) " • �' '�).k , ' `'. x �, I1 (1 •t, a .1- F. 1 �iKi'"� li �.. ar° I lf:r'kt f ,.Sr Y✓ `i 1�r ',kI , /t j t .�t� i 1� f �v !7 „ J}v..}S'+ i't,.j Lr lrt _ y :s 1 ri t � 44 }r ��G r? t•{ f.:�r ,,,/ �f ''SYr fir r r i ) r� 4F kH �1 I `�� i; "s 777� rJ jl •,., v '[} tt t' �k 'tI -j , '` tt •i. N , � �r " t r :rf1 +EIr r JI f � •1� '}r S' ' jr r { �i dIn, ti �'S . r'�`! ''to r v' ! + � •\ �� , r � r� • ^.� t• 7S�rP r'r tr tt J Y rfr �t 77 ' t'' t Lr ,s1 �y •, . V f �(T,� i i*"�a tr({ i� _ , • t� t j��C; ;f t • t-t� '1��a � f:iy ,J l,. 'r1' • Alt, � `% � /� f 'Y% C. ':, � "" " ' i u ;tit p � '� r yy ( i; ,�� Il��i it '� 6-✓ ' ti i i d r_ r 1,,� �; �'' �C ',/ � '}1, t L,YrI �.+ } r. �r 'r r � 1 ;t t t �z., t • T1i1a Agreement shall atr,to;1.ntic1p.11y terminate up '- May 19, 1906, unless sooner terminated. E. (Section 305) Assi 9� nt. This Agreement shall ; be assifir by the Developer without prior Written approval of the Agency, which the Agalicy shall grant or refuse at its cola diocretio►t, IV. (section 400) special Proyiaiona. t A. (Soctiun 401) RedaveloRment Project ginancing, The financing of the Rodevolopment Project is :•, `, being and will be aecompliahod primarily by means of property tax increment by devalapu�anta which produce art increlase in property tax aaacaaad valuationu. In addition, with the mutual, agreement of :.he Agency and the Developer, other matnods of t' Agency financing may be used and shall be ant forth irT.any DDA, Both Agency and.Developer recognize that the t.ertue of the Agreement, including the relatile financial .and other contributicnd at the pnrttoo, have not yet beam datermined. ens Aasiatanco and r D, (Section 402) hge Y t� C000�er�at an. The Agency shall cooperate fully -n provio'.�p Developer with �ppiopristc information and asniatanea= ,rovirled , that the Agency ahall not be, obligated to incur coats tl.erefor. i' C. Section 403) Agency Publicl;(•tiaarin Any DDA entered into Hereunder s1to11 be subject to the requirement that any proposed disposition and sale of land 311all not be authorized until it lixe boon .cGnsidored.and F apprpvad by the Agency and City Couticil nfta' puhilc haaranq as required by law. of D. (Section 404) P041 Estate Coml,�isaiorie. ?` The Agency shall not he 'i•tble for any real estate _- ' commiasion or brnkornge feat which %vay r.rioe therefrom. :2la _ Agency reprosentn that it has angagvd no broker, agent or t' d the Developer finder in cont,ection with thin tran^•ac:tion, an agrees to hotel the Agency harmlans fno�m any claim by any jwl' �• rrc+kor, agent or finder retained by tan Developer. (;action 405) Pressto discuss t ' .. i any DavolQraeoaepr000ntativepiorto rQleas s wits a deai naL�Agency z diaclaaura in order to assure accuracy and congiatanl:y of the L { information. ! ,� ' , F'• (section 406) Nondi scriminatiota. -4's With respect to Dataopr's obli \ e ationo and porformance ..g horeundor, the Developer shall not discriminate in any matter f1}dS s1tk,, on the basis of race, creed, color, religion, qan"ier, marital status, rational origin or ancestry. 0. (Section 407) Notice. All notices giver. or required to ba given ,, .• , r -_ hnroundor shall be in writing and addressed to the parties n:d; get out below, or to such.othur addraaa at maybas noticed under and pursuant to this parK�raph. Any such notice shall be considered served wham actually received by the party intended,, 'its a� d� �L,�rtl IJ; �;r � w i�.k . 1� ,�df•.t+1 �' r+ ��lts '1. ,. .i"'•b ii, r It r�,�• r r.' r h 9 •Y S;L rr " r }�! 1�4/ r ,, 7S a�Y-ii�aV�]kYS ��'kr�{�i4a�y' �1 y r?k1, S'ti� fitrR r4 i s�. + t1c1 yj 1i~,; �.t ,�lliA• � _� ` 'tf�j� r ' L � >.'}".Lt'i I x;`� f ;yYt �}� ttis S`� r•tt*+`r' � t i� �i{I " r �'� Y��`�r � fi}7 [�lrbt4'4..ry�r ,ram �rr• � 1s y , it .rr-`iYr�f� + � •ds` i '9S .-., ..! wry Si � 1 �, i rR}a� d;°. 1 r/- �1 �� 1'�?`tilt. ✓� h - ---- � .i .1... ii.1`i R74�i•CA�R'-_�, ...i13.�. '� . �. l',' �'+ir .r . n r .l ',{I. f_ ..t. . 1.'iil`1l r. r''..•'1 r4 tJ��4'i..\ '_'4c •Y. ,!yr4:r,T^V'ye .s�;1, ra �yy•T•.L i�ir''¢ly%.,�,••�.,.')S'Yr,r�7 �•A.iL,.i y,�,.'.tr';,l i�S ,.l�yA'•.i>.,l+ . r1Ci I\tr :asre�•'fJ + C, A ; i iri / ,` Ytiis}* !�i�i`. �'m�t t! S1.�,�tlir''.lr,' ''r ! f t .tri r;`1, iC � rl IY1•�1r71T ,jr�{l.- F{.!rij�.';.!, " 1ft1 Y•i♦r stfr _'7r'".;•tr !}y�1s�jy`�.Y.�1t.j•��f '��!r �Ajt= 'I�r 1 t�. rt . ,.a..: S fix' 7ft�,1•(Ft i'. r,1'1rti }�` J �ytxj zf �r �,r t�{"r I �l!;,x1y^�tt�tj.Fjb' se i�� •:� I1 cr't ?,, •" r yl 'r, -r a .y r, S;s.` 11� 1i r..i r r� r--( ' d',• !!r.J I �,} .:; 1�1 ,Y .;" f•Ti 'r.1 `V Zi f r;~ '•`�'r�'.'.�!'lYj :•�r 4'�` j ��r l� rpk ' =k}Jr (. b j+1-►✓�t 4r�;�K1"'"`i`1 �. ,� c r . "l ��'±1 f'.� 1�'• , 1�; 5. ,fr1f�,'q+ ry r „,` 1it ,7 � ��`?K � � f i��ti r .", J�..}��+� y1} i r t . )S ;ak,� ,�� r� � t ,^h � 1 crY -��•� � , a' l.�f,� r` •F'� � r � , � t r �4 �� 'r ,1>•,a♦ srf''i ��f " 'rrC l f `a 11. , ti 1, _ r t • __-- 1J .. _ .i 14 r�+ 1 �i,'�l _it <!ti{� � y,ti �ilf�, � r ,hl _ lr s {' t +, �I � 4 � j {• t � tiJy�Y �� 7� ,1. r J. ' a, 17 eil•�+1 � r•- yljy4f t/'� 1_ r ! l ' � . 14�r! yt r+f'� i, d{ 1�� r•. t'f«Y+1M' �. ,♦ r S� I f 1 � '. f ti N: r :r '�r�;.'. � r1 :tl ri �` 3 Jif 1 r' r , h t } t + Ir• t l�f%ay , ¢ � ��. t fl�� •��. c t �y,. F'� a �Ilt 1 f �� Sr 1�t �i zi t�t +,r�q'� i ��1 �Y }, /�i i t r r !t 1 �% t•� Y �(, ' y� lit a , ''�,� 41 6r1r"�'��1 � t i.�,- .a r� .r i gill 11 ; � ' R -'. .• •: 1.+ � z+f ! r r i� �!� Jr, 'C.r • r +w.-Xi r•�>.' J r�':�i7't'lif ;� K s +3� � = ,•s� = . , ., tit:, whether perso►,ally carved or aunt postage prepaid by registered or certified mail, return receipt requested. '1. Agencys Executive Director ' ;; City of Huntington Beach *� Redcvelopment Agency 3�• 200 Main Street g y;, Huntington Beach, CA 92648 r •� Developers . A•M Company, A California Limited Partnership 125 East Victoria Street ' Santa Barbara, CA 93202 s' H. (Section 408) Other Arlreeme-te Thin Agreement superueden any previous agreement " entLrid into between the Developer and the Agency with respect to the Site. (Section 409) Warranty of Si aq ator. The ►signatoriee to thin Agreement represent and warrant that they have the authority to execute ,this Agreement an behalf of the principles they purport to represent, DEVELOPER A-M COMPANY, A California y =► i s Limited Pastneemill �,t ' Data Y� ice President: "rt, jft4tt `1' f •, , rY, ti ,t , ra�ij'• 1 7 M� , Mt�+�• ,Y +. 7345p/7 4B0/09 �g.. n= .. 'k } i7 ~T tf,{ �� r + fir. i't i •I+�r d 1,• rf (I�,Fy'jsi4, �'I r•,r • � +:. �, �•R�f �at + 1.�; }, }', �r r4 I� ,r,R ��J,! +fl , 7Pt7 �1 !'e 1�� ' I 1l �i }"r T'� t< tiK ,y � �.� IJf r r t : 'et rL I + •i S P4. y ` .: t i �,c Y Jy t + l g�'•latzit 51 Fr , -� t�lr t r l i �i �y.,, +.� L ! �<rt ?i} ;� } j•` .�+1, � 4"«Ix 1 ! S v r'. f x�5 * tk{1T• y I}c r t}3+1 fir '{ �1f11•!: tf '�l ; r ` -. �;j } f; �;f�t�,F l�..«i S +t t4�riy , A��f , 'L' 1?: i ,`1 +'. Z ` , i, z �4+,+ �i'.y/ y•`St '��• � ! '•<./�<ji� t" flf tr.+ r �l kit r}11.;' cr!y a " 1' Y 11 t +y y, C} t ••J'e"p. � 7II V.�tJJ ir. r � ` ( ^. f``' ISay'•. r � { ,il t •r1 t �Yj. .l �i y, �!\ti 1 '� U � + tt>r ;+i�7 �� K� ,�' � 1 +N is5 f + ✓�S, ;�e��n ��5 .�1�r n �� t i �} r (pti,;t�t t��'�75 t 7f . 11 r i:. �v , 7ji //' /.7 S/.ytT t (%•.. I r. i£ i} ;A+�•- +.`7+f ! �N^4 ls Sct �t ti +r r. •.Gl >� •-.l r'<� jr+'� ,2 J it• �( 7 ~1 ' �7'!t� .iaj Si �� }'. Oi,y-Ii+ � �'�4r � tt�' S +ft r+lf yt .LL •1 ! Yj Jl��'r art l,t •/SYi n�4t'.y+� y �y 1� Wr 77'� r yrrvty .,�• 'r �� .�tMl -��, r�ff t��.ty. �,S (;' 11� if .•it�,� ,t rt lri 1H +F?��+l;�yS.�M!\ 3�":�yr'i, �,+l•� I,� �,t•:; x�.. 1Tan Fi} �% I ._ +17 {�t.,f��y� a� ,� Ir S r,i{i� tj,}�r.a..y}�r t'. y�'! , ' d'Y rf7 ^rt.L.i .f'1�•�.1'� r �•1 �t ,"�a�-,r Y�' w � X +r �f '=Er i`� t„ 1 , Y t •,1 }� "'F t. r+,t� 1� „ ►l •->, u;/r' 1�1' }�{ y,, �; t► ., ` 1 isr,♦ ,+. +L'r M::1' < .{�;+ yr t +t '.•It ' �,7 {�.!t /} �'�''[+�� Zj I�! • y f�+tr r•C y id� r s y,J•-�.. '�' A}J �j,`, _:: .+� !�}.,. '�. T�y_.•..j 'f li. �U<�1 ',{1'I'; ��r l"r+�.'� i� C(s l .tr• ., ;. ",r _y- 1 i' la �' lr, 1 ,:•,. e -.*. , ', �'.to ''t'i ,'ritihj Cr lst,,,� ��+1,J., Yi... .,�. L•r; y,f,• i .ttiI- r •,� '�'tiS,{p•�t�:�, �t�„ 1t�4. _,..,tf �ra: ,1 '"•�` -.ti ,.1?,• y .). ti ,f ill��s t�Y �t ��t t. I 1, «,f7 +�1,�; } .`it + .r I.tl, f�� '��_ It r iti <'ti .'��1 ,<e.:.t(lti� fJ yi r I y2 r 1•i. �i r t.� Ly a ',,t l �, ry t ?.`� r},'',v �r� tt '1 tr t 71, c,r.�,. rN�,• ..',� ':'1; rrl i.7.,�.. ! •r • "c. { �.�.rl i j., r I ;. r�� ..�� ,,` yti. 1...,y+ •, g„' a.;t � �� r �� r ��g �� I {r +. - <� , iy 1 t y ) � 1 ,'.t I �!. � `f �� =J.i_+ t y.a t r!:f •.�i 1�: Jti t 1 r.t yl '"{ 1%' t + } ',.� �'. '�� Ir t S, r=• ,� sj t + j +T'1 ' + ' t r t `;A {' t• �� I1 * At �_�� F `, �� • �� r ,� , . � • l i _ + �` � -- — - — — -- --- — r ..r _ ..;.red., etr-•i+=.•r'," y j � vYy ,y��` r��fa4 �t +:: v :l '' tji ,` - {Y .,. .. -� y Iu��y► N�- J "Y. 7' Ni.I V 7 X 7 q !4 Ir iu A:; N CERTXFIChTE OF RESOLUTION -John P. Campanella hereby nortificat 1. He is the duly appointed and acting Secretary of Araujop Nuench i Company,-Inc.r -a Calif arria- -corporationvilliI.- 2. on May 30, 1906, the following resolution was adopted by the Board of Directors of acid corporation at a special meeting of said Board.. 4t �T, �?�� WuEnAst this corporation Is the General Partner of A-M Company, a limited partnerchip# and has full and complete authority to purchase and dispose of real property In the name and on behalf of the partnerahipt and i. V 4. WHEREAS, it in in the boat interests of thin corporation _ 41 and said partnerahipt to acquire, develop and sell the zeal property doscriLed in this resolution. RESOLVED, that the action of nanLal A. Salcedap Vice President of Araujov Nuench & Co., Inc. acting alone in executing any and all agreements and loan doc-=ents between EuntLngton Roach Redevelopment Agency$ A-H Company# a California limited partnership and Pacific Heritage, a California corporation relating to the Huntington Beach Main -Pier Phase 2 property, on behalf of A-M Company is hereby confirmed, ratified and approved. Ip 1)hTEDt May 30, 2986 in 60% hn P. Campanella, #0ccretary JPC/sm RECEIVED 'UN OF Mb RIMMOPMO(T 7, 11;, t kV.... • 0 .. ffil A'r 1i W X. r INV U r IN 11it i< �jj M io 4 W IN. Av N'. ,4 AT A -Vi iF tit OWNER PAI(TICIPANTS Date— Dorotliy L. Tarry Data Ann Mann Data A Un—ryV. Mulligan Date Stephan Fithian t `��«, Date Eldo Vi Baggt VIA z' Data X xl, Data 1m i Data Elianor J. Draper Date VJ `ti ff;—rion coat It Data Ric -hakil Schwartz PACIFIC HERITAGE, A California Corpor ti IF q to By& HUNTINGTON BEACH REDEVELOPMENT AGENCY kP A v Chairman Attest: I it tl 2am C erk "AIN 7346p/7460/09 -7- WAY 7, At t 1,tk{rXj.% -A 1, 0! -7 1 I- k- ti I - t 010'% ;i., -v )4A "A' r1lNk f 44. All Y , 'yo, 4�. f4' Aa ip � j � 1 / .r * j'-' a Yti�.y►,+�� r t 1; t � ` r A t Al. 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Mulligan Step tan Fithian Eldon We Bagatad Anna L. Baxter ffi. Hams almuti Cleanor Tf Dimpoe Carlos Coe iWned Scfw_&f_t_z_ PACIFIC HERITAGE, California Corporatl Dye— It - Its Sys L�iA ':ZA HUNTINGTON BEACII REDEVELOPMENT AGENCY Chairman -7- Ile, , it ky, T V 4'4" POP . ..j S Is 44 1p, k,l 10— ti 1 0 Ct R. AP APPROVED AS TO FORMt I ED AND ms TO CONTENT. Agency SPOCIAL CoLnvl DGPVy -City- Aeminictratbr/Radavelopment REVIEWED AM APPROVED AS TO FORM: • City Attorney s Agency Att6rnay 7346p/7460/09 AFPROVEDs City Administrator/ExcMiva Director . MINNO, 1, 1 It1 `tom ir�•lr��r±.,,vx, �}Al a'%4C �S�1 C toi, 07 ;7,1 jr ailIn vi 4, -AA to " 4 '1 ij-, ej it 14 'J'A r a -TF W 11 •� �+lr 4'! r :. x I;s� � 1 . ., r - ., .. " •Jz, , j t :If :,• ( /•. t -� ,y,!ji :fit 1 / r�� 1, l., r l r• � : 'r - r i:�.. ) �f `x-"i I .1. I AID J'�1y `• 1''.f d �•�ra�' +��•:',-�{ i , . 2. 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" - 4 i J• I � I .�r d r II ^ l ) rjj t 1�: r }J: r �:r `•`1� 1 M i? 3 ALLIED IMCRO-GRAPHICS • 13766 ALTON PARIMAY, SCTITE 143 • IRVIM CA. 92118 w t Vo II r', irSi'i r T' '1! j" };, i{i{', ¢ yL t1 +1•�'x .4sSII A fiiMtt�i;'111J �1 r?Srr� lJ_E�� 'fr9''• f ..i rr S . } L 1J�•, �'.r�v�.'t 172 ij I All�1 ';.i�zt ...�!„ tt .r..l, t` .�- _ •r..f� �d' ' {7" r - ,j 4,.'; .:. ..1}.:;';r `!.;•_ '.. -;"F t �'i-' _ sa r-:. 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'.i � _ , f � , ti a i 3•`• '�� s. �cPr ♦ ;,P� ..y. '�),► o`:�,t •{.1��,y ',�.! ."._�'� ';,..,,.t '.,,•. r .i, t' r.•. r rs' �., 1�'ar- ',.J t �' rJ,^! �r!'7.f r ! �}ti,,a �..�.. .Il"rr t:. J •v� .1,i .J, + '�il:�� rat�'.i� r rX ('t.• ,: 7 c,• ^ A J „L S � • :• I la ; , ^t dr>s_w;:��3t1L:�a�.�l ♦ , ri_. i. �.4. ,r is t`. J, - -. J j' \ . ri;«•. .7►i1,1.ds. 7, •� {-', a a. �!7., ;41-,y1 \> \' .t T. �ii: J• N+Gr?-. �,.f :.^ , -s .:xs { ':,.[, ., iti,J .•,, r �.%'i _ 1 r r 4 a.,.r i,.:.,:r3'i�}}i '�•'+' . :.,, ,'.J�!'� �'...,.,:.; r r:'{�3�a�'e .. ° ',t .:;� j^,;•:.. ,. •... ;'�• »< .y'.t 4 ,• .. y)t. n,. >'ii Ns•r•,�!' ►' ,J, n1.{'— r .:v• e• [' ,I, iyi ,..,1, � ,, }f,l ;i'(a+ ( ds�'• "' -;7�t ,a, _� pt'sl , '' J r.I�Ji)1, '!: ,J'J .✓' ! r 1 ., • ..• , : )4. j,'i i � r t E(c r l • l Y 21 <-... Y, �,I a-r f' -. 1},t `S r' ,r ;-r 1' �''•', 1 j' . r•. t - i :'.rdt�i tr•'': r� r OWNER PARTICIPANTS Data Dorothy L. Tarry Date• Ann MAUD Data - 1) a 1b, e- Data- Data_ Data_ Data Data Date Gary V. Mulligan Storhen Fithian Eldon W. Hagatad Anna L. Baxter Amad Clamed Abdelmuti Eleanor J. Draper Carlos to�/ Ric aid Schwartz PACIFIC HERITAGE, A California Corpurati By it �- By MWITUIGTON BEACH nEDEVELOVIIENT AGENCY Chairman Attest: Clerk 7346p/7460/09 XA., Ot 7 ""M 17 '1V Ay ",14% VV -�:t 7' m TIP 19 JT I j -9";;. ,16 -,1 r.at'OK Y, 7 4 � � I � * -v fi,, - S, It, 1, 1., 1',7 0 1:1. % J7 T I V 75 I r !'•�i '#a�� hh�tfvi • v ! .� 2x .. ` �•r s s s f..• r t i J ,� rrls ,* d �'� 1 �.Y.. " tx f�,{fy� s s x, � J' •.f• i t y t - r 7 r rj J x ':f �. 't.'�•>♦�+ � pu�'S''+ r �' ! r-'3 .. .I �� r ` ` 'iIi •1 r �*��sr4• � �'4� � [r Cvt� kxr. ; Urtr �', � { tft i� t x t � ��•ve ! i, � rt { r .. r � ��'I SSA � �+;'"� 77�t r ►�' ' ,'��s I , � � t � vt � �s Sf lr [ � �� fy p l I�`T ! `' ' k M1r '. t•�.,Y .•�3' � .' t r...; s s. ,�, G 4 } },!4, d•.• �r� v' I �� y r - :•r�r 1 `✓,•{ t_l .! iit t,jt '� �,. �}lad .'. .l',-. t,. •. y•1 `r � t" j ' r�'-'� ,�I r J1 Y'j ��a� t { iKi ♦,Si4. rt � ti / r ,' r.. r. t "i: J . .ti r• t '. + IA1l♦ a ;:{' Y{s�tq,.• Wi� }y •,�34'f ':� is ;i +� t•r . 'i s 1: fi�r•r'7��tijC `L: yjFt � � � )1 ,r r!• ,.i1 a to > v .,r ir- f� 'r� f f ,{rf i tf" �•r�x)I i 1 .�. , !1 .�y t. { r '� �I !Irr � ! F � � .�{ , � x+e •�sl: irl�Ijt' rl,/: -�».a�bl/f6t01�iS�-'sgllirC8Q7a1JGttraie:/ttx7.iiR.:LJi�liYiE�3Fi9♦YtbOSk�Jf73�1�".x3r�[tCiSZl.21L 1 ��11t "tl\ •y 4'^T4Y R �' �tis�yf, t. • • Y�. 1 Yr r t(zi � i rJ.. fa 4! 'rl x . ,FtC .J PIT , ,'��r4 3�ff • r r r, ��++rfI 9t . ijSxr M1.J } •1 ram• 7;F(. .r.• , • Kam+ t sC � 1 APPROVED AS TO FORM% ll— Agency 5 cltl Cou o REVIEWED IND APPROVED AS TO FORM % CS City Attorneyn YG—tr Agency Attorney- JITIATED A1ib PPA VE A3 O COlJIE= De y City Administrata r/Redevs lopmerlit APPROVE�D% � T: Z2, City Administrator/Ex ittive Director 1 7346p/7460/09 f t � , , h ` t r - � j r+ ! rt•I 1 � y x t 1 N�,1�1.� i,� �i ,/ �.i r rk � Y �1'4 l4 2 ty,iti)•r2 s4 � S 1 ` 't• trr lir .Iffy � S'4r 1s t r71 ( t � i w• Ie S r f i �.l r=LT' Y '4 r aJ .! r j p �; 1l � '' ♦ �' r rE� t ;�A1.�J 1��.., J�� Y* it.Rr� ti IJ, {i v,S � ) v +�! Jt { ij `• (1 7t' { , �y �1 [ i'rro4'1� ,�'i J�1+�. '�r� . '; ; , l�j ,� J r Y x ri rr, y'�7 v t..+{I}ri , tii�{,'•'jj', e 4tfltr`'isr ,rr•a {i, --{111 •' rf itr.!`f �l�1,i r♦r``tit •%jrt `sl .) �—ts ''f.l( t•),{!�iirsj,r�•�rs Lv� Alt. v'1 s!� j•fr Sl+ x i+ s�J{r f1�r }eft it t +�I �' a i��s ''t "q 41. Ell 7t Ir r ♦ J ♦ r. r, r r t J {{ .fir �1, f r , s t ,t��T �r;J 'r �,r t 4 �x t.l '. .�t• rl•1i S S ,rt� i ` �n y �t .•4t .r' • j]"; •}ma's i �+ s.l�lr �♦ '►f ti�f 7 li. j rl�+t..� � 1 �,•, vx+j�, �'�rs�� r�4' : •1(1 , s rCi rt f ':!, is.�)t `/, r•4�ey, t'S,l r .fL �F + 7trf/l! rt� t p vi,tt 'rt r �s yJlt. f` �k rP +" i-, Lf M .Y°1J7}�r As 1 ".s ,-s ori y rF r I 1F r r- '^ i!t i r� t ��jF• �i l,r! r 2 t,;rt'. i ri'''> t —Pz 1s �T, if r• ! ',,' < 4 ;r . 1��1"� .tS': `L '�•,it a ` f , , v i+' r SJ� t .r- .,• 1xr x•., �/ � .'j r ,�' � Lr'.r f ''�sr J ``+ t :n • 1 a�� .• s ..':1•• !r .. J x7� •'�Y�'� V' ►�I tvf' t .. .� _'' r�R �,-yiyl/ �1�'?. ,(."- ♦!- r /.t tT�ei I.,i1 i. h l�:i. fr .,'i.�� 3t, '•�". Ls `I. ,:r�r'(jd �'r %,t ..I:;f i �l. f` r♦, �'� ,i, Y'! � {a .^�{��/ ' Ai : r =�w„fl v,r rP�ll rJ �1 {i rt +` x 1 � i /� f��•, i 1)x !, .�yrry r.. rS f r,.1'�`,S Jr y i -1 r, r•' i 1 ,:S.s t! s... � t-i,:.x+�/ F � F tr`.; /r i�j!•r 1 ( 9'Sk_ 2 it t� • irr'�J[ rr., 'J•�"�Y r vl r,i ,� I.•. ![ r.; :11'r l 1 }t '1i?� r71;.1 Y ♦ r r r >jr v c r�. •• t 1 r) ry !. 1 '1f f`°jy t � ' s'. •-s f J v r.e !►�^' it�j}r .iS7rJ r<t« + sl. �R�� kd .s\r.;ix 1,.r },� J.i�r. f,�. yjj){(11�,r��-r, tr •'.,rr xr t:, i.< !li i .a.yr'` �r^••,.«JII'zrl�.,. rtj :��l' .:J)i� Pet •:-S.gf �jr1`yr'111If„•Q:�tl (�1 3 tl Arr 3 `,t• a f �l /.. `=�r '••. 1 s :'r j s r-,rr �Y J r z a ..��1'r �1 tr a. /} 1�+�� .: j'S114r3;s�r,�yS:1G ..lyf �+• �'• J t �lev s } , r y: y .0 , r � tl!! 7jy �}I`y �. l�t,�f 17�F ,♦,{, 7f� Ti1� ; � � r ('i� :fr t s!-'J", y t -� t �, Cr I'� ,l�'C. r l.,A i r [ ` f r,3 ,� Y� !t, r fr � �. + �Jr•.x sSf f � �i�4 {t •e tl vit� It Stt�`i�y �a [ ,G. , j't•{ a s, r,.s l �r(e ��. ii ts stL r•r,• s,"1 �s ;' r ,;'t ; I s , ; t xr+ ;! ' r �,' ,r �' ` � ' [ r ''` J ' �1 . �r •>6 �- t,' Y'� a ' I 7 6 I )tf 0;11 A 6" t e'I2 - v �j�42 41 41 j1 �n , 414." 0MIE11 PARTICIPAUTS Data_ fforot.hylt.. Tarry' Data Anti Mase Wito Gary V. MU1119an Data — Stephan Fithian Date ifid;A W. BagataData a W—nnaZ. Bantac Data AM -ad Hamnd Abdalmuti Date Eleanov J. Draper Data UF1 —0a - c 0 3 t Data Aid- --d-ScHwartz PACIFIC HERITAGE, A California Corporation Byt Apt e-A By: Items_ HUNTINGTON BEACH REDEVELOPMENT AGENCY Chnirloan F Attest: 7346p/7460/09 .7- I ....... �4 "IIF ;7. 1 (' cV 'A*,,7j-,_, (VI i * '(f - - - ,,--, ;." i .5 'vW A.'. ;4 J -. v VIA A r.t 71, W,, A-j 11r•\�j�Jy�+++'r" ��l • ' t i 1 ;Y � ,rts�t �+1'° I N t r ' + .if ', r, ' t •t I { r " -`i C � � ,' (r r;/� t .J s t �>.t'� j(1 Syy�;��rypw J• is s ti rt !r t,s" l f t 1 i' • ! 4 S 11i ,�" •V' �J!J �;� �fLti r• ! far .fE+,r 9r;', 4 , ,•, t/ U t,j + ^�•hr,.,' ��ad} yhy� i, 1 �1 -. 1} ° ' s � Y t. °+ it t Ts s r s jp111)/{{ � , r � . v � ,•S � � a r � . 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J1 �.� '.�/,'il{.i ,: , 'l ,'Y 't.i Jj:,ri'•m�tt t.i{,.Rtt .'1r�4..W b.H.wwr•..�Iwr/twfr t- OWNER PARTICIPANTS ",. Data f — Durothil L. Terry AA Date y/ Ann Maze r� Date t Gary V. Mulligan Date Stephen Fithian Data Eldon W. Bagstad Date .I Anna L. Baxter , Date Ahmad Hams A�uti Date Eleanor J. Drapfyr: � r 1 Date 4 t Carlos Cost oo Date / Riche d S- aartz PACIFIC HERITAGE, A California Cor oration By its b t. HUNTINGTON BEACH o REDE.VELOP14ENT AGENCY Chairman Attest: �try 7346p/7460/09 -7- —071M ' `` rt' ►llr •�.' t !} ; ,r , F s i In r t `t, i '�r t/ t : + ; e l I + + t .t , ,c • ,t t - I.. • +: t , ,,J � _ I � !•L 4Y Lh1�Fi'..Ji Mn ZI vo� 1rjjjjj'.,_ " , , ; . : ;�" , " _11 '14. !; 01. A,4 7rr 1 OiltJr ja 1.7.1 ?;:,�I; ir ", 4,84re, -Ao A f. Iz 'All .•-;.. 1�lti{i{:l '•tL�:�T'N. 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Tasry . 1 Data , Ann Has* / �-•` ' Data • Gary - Date Step 2n Fithian Data ` i` Eldon N. Sagf�tad Anna L. Baxter t �� •. �' � ' ' " Date ' Ahmad tiamed Abdalmuti. ` Date 19leanor 3 Draper 1� Date { Ca" IT05 Coer..�.�._ `• � Date Richar Sc uar z PACIFIC HERITAGE, 1 r A Calltornia Corporat t''/•'( By It• Fi WINGTON REAM'I RFDEVELOPHENT AGENCY { Chairman f, Attest: 1erk , •..i 7346p/7460/09 -7-. ,+ ✓}�j�t .."�j.�{i1,l yt1,t 4i_t{,��`71�'t<' lj:{11 '1r�t'rt✓i i jrir{ r4 {/ {'r �J "'G r rISI �7:'-t• �F'"ti}.t:;.j-:•i�{y..f VFI if Fr. .r 4 tf'rl �� ii'tti.'.«,�� GY � r: "71-liftjT, ,,:..� %t '# •.� ti ,itl •t ,�ljr lb[ ,?�,2•, 1��,J��r _+ilrJ' 9 ! 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' � � s,,, y; ► �,,I. ttj,. + "�'.:�� xSY' f. �,, .r..f1 r r• , � r t t '+j7`- ir,.. 2 ..i12'��urem'ti,LLrt"Yf�r_�il iJ.�ai . -ice'►.. „t� "'! s.:.�v, itJ's�- k-+)it�i: • r ..�itl�if;.. .. �^A..J: ..0 �'i�:�d�' � �� ;r r , t !. 73460/7460/09 (To Bft Iniartea) 1 , ,� 1•I �' i } f r'. If• . IM ' ta7 .kl// <�f�a >l!.t ill\L t •it( Rl�.�. t i ,t: y� 1 /\rrri t1{� �•�+!';1t�L!•^,�i t 1 oy I 1-r:..J1z h '� { 'a 1 n ,+ S r' f f.� + r Z ! .,!.: +, J� of 4 `��fj •��1 �.� �� t f •� I R>i,%tt i fr. 4 rf �r wr �i \t t` rft '1r�7 . �•:� tR f �•r i t '.t.' ! ii" AG •. 1:` tr �r/•,1 ji•�f{(' p .r ft�. �1 .iI i' r 1 �', !, f I � t r. e �t'1 � ka • ��. �flJ7! r �y�` �' � lY� �, y((� � f��r ��-lr1,�;� 4•��•� �, 1 !'rf� r� r f',-,�� f I� tr r (tt o .� +�i ��•�; �� +"",�.z)�•/�Y.'"r1 '�/ • r ,,ill at. •iiq +2 1-� r ``%�'.1� yT � �.' /'! , •{ + � i/r.f� , :� !.� L+ fr,1r:>,�r , 7 ;i ;:I r "! r r41 � %(! l`x 1t"P J•f• t.. (t I'• Sr i.+ Sl`c r�.7t ,i I" 1 .. �1 1 t t ii'•� �(11 r+'f rtQti 1. % trL 1��7}i� Lx i+ frr L��S >,��Crl } t 1t\t �� S r �1IyyII ll �.1 't� ' �Ri� `it- l�jf i'1�j �•"?��'' ' � ;� rR zf � .• }��5 � ! \ , + : + 1 J- I i ;7T +' f e/ , fk, t*, '_?t'r Y.: f {fit" ..f 1 ��"�j• a.. ''1'�ji, 4 i 4 ' t�j� r .� + 1t }i, t.Y r }t r r 111 rrl l':�l tr '`. I I 7j 1L#� .d' � M pQ f ` �tJ '. E t ' �' ��- rf t �� •; t 1 � ,! I a r •, j�.; tl 4 H. ►4;>,i�I��r'�; �!1 \R`"! ft ��` ,♦ t�l ,Y .;!_' tr �i'�.f ., „'+•' (T 'r �, \ .� r " , 'r.l r .l 1r !Yt�-SI S�t�♦ �V:; ,.t1RL"6PF1• t r tt'r\ ,R t i t it+ ,r /ir''f: ar •�' •i. S + •,t !/ r i " r '.`�' (4iCi rr J• ' • ,. t ., _._ .,._ man,. - - — - - — — 101-1-100 .. .t r, V. _T701'" TI March 17, REDEVELOPHtNT AGENCY CITY or HUNTINGTON RVACO J.. 2000'. MaLn Str&Gt �• Huntington Beach, elj 92648 Prot Dial ty owners, Main il"cp -RES a /ri!;r Dear Radeve 01 y I' Pment: Aglina Ne.biArs, wing us the, apPoz.,VUnity to pzeiant, and explisr<n Thank you.,far allo AoPrAd it""'concimpt to you at id?/, -he public- WO.&PPrOcil"d -our.dave s your qucstjonr,�`and concern Ivan, the 150P�itOiiY-to QgiaYlish that we, The Rrdave 10 PtAent our request4)5.5 'and'the j0ceptab *�,it plan -'in' ,COQPer'a'tudg.. with one .another cy Afiar viewing: iilL.Ahel- r-'iOPOWAin'. We f eel' even'loorle Agen 1P.e h Ls'tha M06t,aporooiiati: coni. �4t�"ourl plan, and',applianc 'Ltli jjndsituatLan. � -We, Q%Fn the I ' pVQP6rtYe it and. e4uLt' bbi for' the s rant: tdain; and,wo,Are co,Vaj tted "ve j,,-,� axperie.iced 6 a �1? iV I a► we common �cjqa ad to work togeth towird a and ccmp�ll lf.topbsal tree wodlil like to hi p Ono C cc' off art, among-j.t property owners r id to pra.,.ellt a 1. Jou 'p I's n W i a latter:A11D 61, 1c3n,virtuAlli iiiLsfV 2. quely, tie Agen I. locil Pr �;Ntt SPA. �Velcomdnt'-LaI4 byLchocsing spirit ' i,of Ride roper ve :their p owneji,,to plan' and .'Luipro (A& ninow Ick ly , that No :Aher proposal' can comnanca as qu, a ka"i('6antagelof this "rest rates are dxoppLngo-we can; he 9hort window in markstpLar-e- 7� ic -;,!i " r1t i I ,, I ..", af , _ ."'itx r(rr J:r, l�� ;, "l 113 41 It V, As� RZ ill "i. A 14 VIl , , i t. jr G ;",0. nit, �(nt. T -(I P AI' 3. l k el L T:'.' - •;�,': I �` ': . - - - it 4 1 e t', A,, ,j 1� t•.: i t tT'tl � �E tj i Z. _.1 q kPW �V 1-I IM ji �, , .' � •'r •, ., .,•�.., + {,,,; tl;�' T 7c1" /'3"1'�l�r. �•t�i •• , � ', . ;' ., ,, .�?�i�;�+ ,airN';'''��y+! . ,r , i' Page t the Cityfand eottiwun y ,,�,• 4+ We at:sr,astenabli rind rasponsiva„to � our''coopeeativa, plan Vafiaets�; the r ` t! daeiras.+. Par,sxample, architectural style called for,,'. the` Downtawa '"+pacific" coocdinattid t�ith' tha'disign'" • Plan` and'our'davalopment'_wili'be treatment of the: adiacant `proj�cea. �, ZA`'additlon, �e �'• and have reduced the, in of the 'propoead rssidantial . s+gnilicarttly/in response to.,Jlganay cosud�nts 'aioditications+ andJaiterna«ivse•:> ' and'concerns and'will explore other through the negotiating' periad;.ro;aasu>;e'th4t•tha antt,�a - • project becomes a source of 4� ati'sivia:pr%da: financially sound A;14 Equities is a,;highLy" axpiienced ,and lepad;avat:;,SSs'eOdQ;000- - davalopmant-'company,' ' in 1985,.'A=H'dav established trtnaik,.,ps.s4bisde sGuardian t of luxurya artmanta, :,Our+ +- p erhaeuser;"'Ci'tibank, ML'Csubiahi,.uch companies as Nay + . ; , ;. Savings_ ai d`.,Lcan;,;eank`,"of, Ame'r'ica,. t+nc,+.'ixst: interstate ' Any of which,wiil- p:rnvidi, riady''refarenc�i. Batik::.: .. ... developmept axp rCi.ences: in'shaca). jurindictionis include dents .i l Ventura, dFdiden arove�` ;i.aQuna ©�achr.,Cdunty ors; Oranye, , lake ElaLncrs;' -.irvina, Simi Valley;' Ansheim, ;Orange, Brea, t 1, paaitic people 'in Santa he Springa,, Downs f„ and Covina. S t,+ • 't of theca municipalities can be cont:ar•tsd. r , any t � ,.• ... i,• �/ !1 . Y[•, ,�•{� Jd' ., gocauee' of'. tba;reduced' overal'1�acquisit~ion cost which results f';.. from. the Main Street, proptirey'.Ownar.,participationf cur,;_' tr, >:foot,, and'Y&lua:Eor 'the . 1 ' ro act can su p rt a higher p es our balance of, thapsit+:. This tact. gr eatly,'inhaac ability n�gotiatad t:o;'acquire' the necessar i remaining p�►reais at a. fair, y, , cbndeninarrion�which Ls..both langthy '. price ,rash r:thar. compel' "and costly, which is maft&tory far t:ha 'othet;;proPCs als. it s ' " trget,+Pr'4 et:t,'owner: have,<hgraed .to Eoratahise Hain 3 p y , Tha ' orgaliitation and will','appoiiit s one xap:iesentativa? i "a f!, in order to' eesiuma:Proper'i to work`,thraugh A-M ,E u'nicetione too okk',tions.and ,`t;• cotamuitiete between`all':parties.,'.irivolved. }, +. Equities;will be ;the sole .signst:or: for ,imPlawantinq , �►-M any agreem t,,with the'19ancy to,plan for'ari3'davalo ; thra with`t:he Main dtraat�t ' altar. A-M Equities. will can c'ropasty`t?wners to carry out that partion-at the project, ,. ;1 Architectural iatogrity and Rafeguards will, be assume+d; ' :• by recorded Coven Conditions and nastrictioneiwith prior approval. by the City Attor - ., p pQ nay and plans'nq OiracLar. +. ;. 9, • Prior building permits being: issued, the davelopar:'will; %provide ;.t:a lOQ% lion tree completion bands... .:�: r�rnl•. .f-l.!S �4'�l,S,N'+C1 .S.:,+{'�ii'�74_\., .,.'i,Y1,i7'%- y-... .. �t .J �.:L .y •�i.�:�%'.eM.• i'�!s., •.. -,. .. r O'f ` f. 1'yi, ,i: r Sr. ,it. !. f'!-;r Jr ,5�. `• y"7 ':� fA "✓�7 �+y %' •,�`/✓7 �Sa r .rF'rYf✓Ar �� t �i it Tr�l:ij '�;7+t` •rt�,y` +1,1,TSi�1�♦`i 'i •. r• ,l.�'fr'J� i tS Y�i:lV l 1 k• J M r r.4.y) r , t) ;1 �! �?�,r - {, jr t t t.. yr 1j�)•yi y,r 1�4�: �,t(},�,'' i irY +�ht '}��tJr�i} �: ++ J,.. 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'-•� , � +,,a.t ?.. � c ,t:i};,,1 1 i �rk�a Miry: � • _ �� ;.{„IllF y�,,•L [�"; tr.;,. /� •/ � r..,rt ,,.�t� ; s.rrtrAf�l, Ott, ,��' "'� c , ypage T 3 'it raxe :enalows ii; a r CircumatAtlCe •win -Win" cleaxlY' ie, tha ,aasor: , for a : •soluti•on.:Th�xK ' The Agency' K:1T Nava {concrat• avid+�noa,.ol,� ; proposal''. our 1001'•AbL}ity to pirlr�r�a;':.the, existingi property own* a wi'.L 1 benelitl as they should; by the now dovelopmants_s and'lroa,i pure cost -benefit analysis, our project is tho least'burd•i • to the,hganay and satisfyLng the moat alel•nts of redevr;lnpe+.nt -goals. r `' Thank you again for your cons'idaration o!� our prnpnaal'. 1j L ,,fUj� t1 �k�•M. r �, ;;•,' Je ! a dernlan '' ' panLel A. Salcada S at. Law At qrandy '' •• i , President` ,.PresidentRut d I t Tucker l� `• ,i I �jJ. • ti, k �ti ! DAg:psw " • '. '. • t `tit �f 1 7'_ .. V. . iA. t`.)�.M. rf _ Y�sr�ifS, ,7Y77 t''1 1 tY '1 ( 1 r ,/�. - !)ry 1. s.t 1J.. 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[�4A� yLl Y>t•t 1`� f+ [..� 14 r I{49R`.: r; It �� .,'r �, t• r; fit. rfrt,rM t'FWi)�Ir ry- �� :a �+r � `fir ,J�•`�ress��'• (fit rlV� �-['( � .[r '— 1 r.: r ,T lt�ri �^' rt r �}• 5 .J�f+ti)��+ 1 � .t''•,-C•� '.�t ]t"' x ��"'. r1e r 'y ,r s S:rylr % �t'= r 1'�ytr l� u i .1) ,%`;',( "'nl .-Ir.S l'"��ytJr�k- }' tip •'!([zp,' ;z � � .tl; i ,t ' fti ji ;,: !� 1 �` � '' P._, tt tr " 't``�y' . t r7 i`' 1 r '1 ' `, L . -.i'� + s.•3C r rS j'� ,�r(:} ' i : ~+a �Ne r 4 %j t i"t� ►1`.� rrp f :::_f ,.,. � �,t.y riF y•rt"r �., �v, ;1 ,:r { ': 1 �I. :d: 7',�Yyl�•f• i s r 1 0. fn. "V.. �. " t _ I I.q,. i ', , 1. It/fr.;! A AL OT JES IEDEVELOP, EN T M ENT At R F..Q t RH 89!- APPROV191) BY OITY COUNCIL May-L '1999 Doe Members Honorable Chairmaill 011C nor Subnoi ad to. Pa�l Cook, Executive Directo StibmittiW by: *D p�t� City AdmInIstrat c Fn me e, e tir/E Ono IcDevef6p dS is La 1ell riiOirsd by: R w AND Ai' OF MAIN -PEER PHASE 11 DEVELOPPOSAL EM AND RELATED ACTIONS Pal lcy'.or. EAce ti6n con dent olclur Wil 10611cy?, Ky" I New F oatWc Actions, At*"Gnts: NU Rwainm&W ation, Ansly;is, undinj Source, Alterr OFI"T STAUMN'T, - � -",w- i.l", - G;, s, iiS lty,30.-A989;'�GN ed Propdrt hid; I di*elopmeni�pi,, treet,to' .Vw' 'On..Jinuai '4je"df fifth Sand ncy, whlbh proposed ihi clos Vehldulat traffic i0mber of,concems., ro ty res en i and_ pr fflc.,� Due to i - "t d*cbriffiani "'fid Operty, a FifthStreeCC16 sed'bf o"1ab6jt,'jhj-ftejatIve Impact'ol",,ifie, sure, a Comm ttee cOmPO owners -Erskine, MicAlllstir�'and Mays re4uested that G/RP develop an-' ,.Agency, Members. traffic ilte�rnail4olan41 hld,would leavilifth Streefopen to pedeotrlan and vehicular attached 01'ri (Exhibit "All) Is a resu lt of that request., T6e att ve V dtlined In the .attac a 'lopment'proposa as 0hid 1) Appr"Oveirl)rokept the carfifi'd be 'ExhIbft'.'Wr6Sje6Ci6 revki`rf in� alternative development' - proposa s as may. op 'fit 't 30'6�i by property own6rs, within'the proposed devel. me -Oitesintid within the ex Walnut, ' 6th, and "sit. PC11); T site e by P.0 lit�r development �Iin(i) fr6�i ilthlifthe'subjkc" P,2),. equest, eve property, oviners v r a: .16i devii6oinent'�Hte'l than jun6, I.', I 989j, subjecilo! the following TnUllt'Teinain open',to'o..destr i vehicular t' Fifth'Streiet' I n,arid, vsh c a, raffic'. T, hi; w6t ih y tted)n" 7 parce must be oml Its'ent rety.- writown'Specific Planind related j6rdng requirements must, be met; and.�,. C) All', Do e way on Walnut Avenue ,'between W, in t Av 'between Main Str6evirid, Reitain't'lie existing 6 feet ght 6th Street. 4), ie'rm6i t" ItWevelqpment Ajincyls negotletion. agreement with Griffin Related a e thi! Piupartleiz and Main Street Property Owners. Opp. ION 3 op :men OPC r;rl. 17"A "I ON -A- ji'j� �,;, r , 1, 1 , 1,� . J�f "i" 'Irk, 4. I Y U M' vi 4f. W. A,ti T E Vo I - q�k 7,t ;M rZ, T 0! tj - " r , .41i,i�j.-" ;.X,�4,��rt,1 ,11*,kJI�J-'.J, e,_e j"A. -�-i7. ,! 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". !, � ; Y. -I l4.t�.lt� ,,;.lt";,Si. ,-�, �I, ,i f�1 ,.. ,.�;�I �11O t ;�,,4�W,;�J,t, [w a�f.F I .II If .L" VS.U�; Vr,kat_% 3; -fj["3"i"Ii ,11Ij'- — f>;V, %*4—,r, �,4 ,iN"-.*-JJ,:�.4�l,�"�I-II-V�,4 "L"t4 'it".,I1 ,, , r;p ,--,-,11tIIOl._;!iT� :-#6�).f, �1L,I 7� ',i. ,f�r�e ,W" I.t.I e,�A�tI}x; .7; ,-IO7;1.11 -�t�i` ,�A�. ; Ik� J;._r V,�, , ) �,t Vl "�,o 1�;-to .11I I, % AxI.WW,;J-#'%,I,,1I,"?-1il.o'.,`tf tJI -1-.I1. 1I 1k",t,,w 11 'p,._t.%.I,-, �,,!,+14`VYIrPi i;..i?" �'�`Ii 1I . ` 'I ; � , � �111;i,� J�4�-t41, �t,!.v "" W ;A.I -1,r,Z ) �if�It,,,L , i/z,,sI -�-I-,, i-,,w.;11I1"- , 1 ",i_.,_J" iizt"r" :i f e-%,�,,-i- !t l� i '. t, 1-I'"� f%Ir.,."I , I",�, 1, 1I ..", I !1I!1 I ,I - 1,irjk, jF4 , I V l!!J"', . I�� ! � � ��# LAfA ? X _. " _ I�, - ._' " A t 1, ,Il ., .p, 1 .. I tir ► l. ,.A il ffrui�MJ . 1q1'=1Ir4 I,I.J.7; - 4,. % I I.f I- %; . . n ,. , , I, ,. Ki y�_ , I I 10 ., .. ,"'." e tI % �q tft'?fi,"!- - l�rr-1'Jk%'!!7Q, iL-',i< l $1-t17I, 4 -t, '.ilii�'�;:�V,4.,4j.�_�sI;; ��,4� TO . , ".zt1T�e�alternit Vep6hitaIi,the-basic lantimesprOPHOW"D� $.l', j�I. "- Y AhepreviOij PIah�but Inc'ides •I N .'k Fift'SireaVes s'''d*4a�"Mrii�open,topedtrIoal-I1judiar traffic. ";.TfiIs f."",tA� ;) - stri�.woild 'be =sIfi11dr, n appearance-,th )st-ieiwhidhservis 11do Villije'in ,"� S.- (,. I? i.."iNiwport Biach.A, total bf176 residential'unitswhich could be'developed If Fifth Siii4i" V: l. .. t" - .1 " �.. I , - , � - I ,tSI,'M, ..i, II", - W, It 7 Weii-C16 d. k,Although thetlt�would sdn'the e ondmic- benefit of the dev6lopmeiVof'34 ,�." f... U Zq;,,, ...,. additional ohal residential units 'If the plan I1j iqe Y""�-_1,., 9 ��,AI "I7A flwere implemented, the Council Committee rl,-i 11_ mV . 1 I ,:a...; 11 r� •.1 I,z Fif" ,-a��)t,,Wp,�%-.It,v,Iowners and resident on Fifth Streerabove WpinutStaff pand consultants concer with this ."��IiJ�) �f-`"I��Jhas recomhended roval of the alternative lan which rotects the Interest of property - 1,,i�, �n�jkP�Zrecommendation. ,t ,��;,tr_"�f; ,X�4V' 11 xt;-� i�1 1 I,; -,. ,I . i7; �t0 -,,L 1-R,V - 1;��, !"'vn� .Y i 11�"'.�-,"-k;_ "1 -, , " e. I f I 4.I. .. I'll,"1VI),Additionally._ Walnut Avenuefrom Main to 6th Street,based upon the alternative- .., ,I L .• 4 �% - Ai,g311.1" .31 0devb1opn'ent conc6pi'Is recommended to its present right-of-wayof sixty (60) . , . 7{. Y� !)4 �,feit.;Revised.traffic for the concept show a maximum 1k,A, t,-rv�,I.d C triffic"Volume of 4,000 vehicles per day on Walnut Avenue twben,Main and 6th Striets 1) 11 y 4.4 1�'- rr.F within the existing 60 feet �the - .4 IV,I � , year 2010 ie caneasibe handled S3'-rfLa*w;?,��1?i"�t, ,U f).!41�_I;., 4;I4A, ,"I, !;t1.�:��,O �t_%I`-J"1'� .-,c -6-tt"i- , ., ,�_ IW.fiI, O'."kqf_A)o,_1#,A 4 .�*%'. "'-. ,,"""J,�1--�., I�,14, $4O��,-t,� ":.")— ;�, "V41, " ii..A1;-313 j,cltonologi6al,look"if..thl� ioject�shows�f ;eat,'�$,negotfatlori`agreanie`rit ,�ollorifi9th;" ,U iiiiation'bf divelop�ent� , r. .i ,f1,,iIWV-. proppRa1s,for,ilii, Ma:4fer Phasell,deve.ovias en erW it. '1fW4. . VtiIVlw4fild"' 6.`"OtthAe $-. ,w�.,. Ifto"'th'ihe"AAw tls'inApfl1bf,l98nAMiy IA98,,e g.approvid the *��3$`'V', ,.. Adidrof evelope'rigtean I-P spnilbilitiii -nder, thishegoaiId" eamentto ,' ►I,,,',�, "GrIfflhAtelatia,PropertigitO 1;, /on AprilI18i-1988,-the AAancyextended 'this6rijinal IIMO J".j ,T,"t k. ' -Ifj�. agreement; until Y 1,-1989II ''& ber-or pi"opertyoifiais within the Phase 11'site (the J1%t'" i� I -iK,�i, . Main Street Pfooerty 0wn-V,�� ,lre l6ndiorl6ijb the-bilgial'A & M Equities,6t al ,-AM,�B _ I '1 agreement, and thus' .rema ma part to,theGriffin'sgreement. � - ' " 0_4?4!�,, r :; "; , ,� �-ilyg r,-10 ,�,, '. .,�- ;I,- t_V ��Y,I�"yV�pij�,7,Z�1ter',,-'.t","".._"'Ct,"� .; 1. Ie1 ,..�, r �Agen6�tftiff,andStreet';consdltantshaveIworkedJWith1MiI6 Property Owners and G/RR .',_� r ,;,� I fgnonsensu&regar8Ing th646160ment plan and ;, "pmits'In breffo,Woaic 4o . , l-itsiI—leentafliniOnVar�h,29-I989,Iiitersw"ei'snt� y;'t�e gencticallPartles to I' ` for4.himl&6d6 �"V it .-it;r 11t," ej�ta, 410?.,1 %P,- j.41the 2gremincre uestlnstaQHe,agreepfi,a.deVeIopmen fconcep '4ndA6.i,,'4i,� it- I. lll,1rV9. `IIAtf0 ,'.... i_ ,q,jN,,I ,8t,,....N 0VI ,l,5 ,111 I " A 0I�""Y F1,T�� )-.., "� . 7.QV ,IL��1 I , . 1I 1. t�I.. Imfips, ee." '.me"--nCd�_l�',�L t_eI i� -_o�n.�,. �, p,_', 'r"la'I''h'n�. .' o.'n ' o1 r1 'before ef, d.'. r� Ie, ,� M.*jy" , l.lIqLg6�-%,I._ '"rS "r !j� L�jI"q ".J*,i".eft ".'t! ly,fIt m.�a"',�,e ei"tI n'. - ,g�s. I I'- - w.'1 .. e, rI`�-� e �,,.I i. e I d" ..i'I ' b . e� _ I t"� w, eI e, II n IM4Ff 1A?property, '..NR � ... 1&4-1ndlVal 'd�iiii*id'd6s6rib�the LI 1;1I, . ,. , ' .11 ,q � I. -I I 1 I 11 ,I ,. - ,. 4I. i-i. deve vopment plan-,afidIdisus'o"r.'er 1artl6iiitiono' U�" iffi�-1;0'' ipor�unt16.F1NIngt esev�,1989,,RtraiinItted� etters,to ezcnproperty 6�hir*fio_,. , P �1V,R�U1'4 m6eg,'on'pill'12iC?Phai- 4�IP4 �;)41I sA.)-N. .ex-ressed an interest Ifi.arti6ljitlonautliningsug6stid IhplementatidnpAisCopfee of0 oj J" ,qNj.�� tAinsuhtters are2ttached for y6ur'reviews To,date"'G?RP and;the property1ownars have ' m? : � ,6� -ab1e'to" acfi164 consensus on the,developentplah and the process of i, .1 � 1,"*" between G/RP and certain Man" we re reccmmeidinithatthe agreementImp1 mentation.,For'this iea t v .,- "i , in Street Prcperty Ownirs be terminated. G/RP agrees. that ,I� j�,,lriG. . 4 �"�4 4�,w,�.this, action shoId be taktn at this time rathar than waiting until the cu$Tent agreement, 1-, 6 6plres an 7/1/89. ,14 i4I1 �"�j't R V,norder, to veprAopr.yowners within the Mai ,-1-I�zf" . inPler hase it thea an'pportu.n tyto AJ.. 1 It Is,re ommended thlgency, requestuest I IPV4 I-,s'IJ r,!esen ..iltertatWi development plans. ,kl I : 6Y1-1proposalsfrom propertyowners within the subject site by no'laterffian June 1, 1989. .,QI .1 1-1, V", ' s, � t crit6ria:,fI ' These, orOsils wil�l lie subect to the followingdevelopmefi I ..' , 11 ,Ij)"i�� 411A .t. I. ,N" a) Firth Street must.remdn open'to pedeitrlihand vehicular traffic. OI11 jt�� VJ1aA Uoyparcel,muit be omitted in its entirely. .,. ,�f,4q�i1I-9 � m b0.In to 6th Streit will remain its presem right-of-way. I I I . 'It. ,1� dADowntown Spakific Nenandralaied zoning requirements nust be,met. Y. - , i )ll ; ,A I .01r,T -h I, , �. , I 1r ",ItV" �'4'L""�'J 1 4- '. . , I f - t � I L . 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"(}' s+> +( t.V ..1tr41'�,yy,�i�.iy t..., �h .1r4�•,'F�r�'„�l„Y{`{�}: . -RiT:\+`t.rtt,r t t'I`µ, �t;` 1If y'ti1`r 3'}f�j,�.;,•yfi'!r1��4frIFi T�+i r+ .tr e/V ,u 1j '�\�: •iT F•+"+ ��rt"h-Xi�p' LY}1i11�4� .y•;'i'j'„,,�9rt, y1f'.�S j l'Z�It .1.• Ttt r } [ r , �✓G _ {t r v;' ,.:" } } .iJ t''t 1ii i.J i t 1� ..1 .5•� .� � � r; .;..a. ,rs r t.:4`• '�!^. it �• ,at F{yf cal+ i +t., {/hrt•�l 't �,:.thr i�, ,t '},' }!, �W`{ la: a f- i 1 J !• 7 1 J/ �i/t 4+ t� 'J' � i t c r! 4 P f � t .' l'!, 4 tfJ/. ): }' : �}�.,� {.. .rf .) 1._ 7 c tC: i �d � t, tt 1.[• i(. t•,• }) (r =a• 1/ i • r{ `� i � 1 � r•��- �fj� ,1i ,� G"e + .• , ry .k .,til ill ./ �) Cl rr,• ? i i � jft,ri-r [� ? rFt�1.. ��f .Y C�, may• 1�i � �/r �.{ Sr •.� t �� ' .YS •a� •��}_i}�., �I�� )Y r ICI Ir �te>e �� e1V �i'' �,�' 'i•;{ 'r:•6 .:,.:. �'X -,i .. 7, `it rj t ) �� alt tti {i !S. •.j,.- + L 1 K � a� t' �-.i''��,~'•r�L��;'Sil }t ��tj k �� 4e, �' 't"' f,�,*•, e.�;;�• '�1#iiDt wt�•, -'' -k' +' .a • t'nce alters atiya-proposals are received, they' will be pr stated to'the,Agen' for review. � 'fhe Agency v;;)l then be' asked to' make a decisioci between the G/RP proposal and any alternative, they' J By be' presented.. Following the Ag2ncy'sdeclsion, negotiations ¢`r j will'cor,t1ndt with U/RP;and/or Phase II property owners) to'finalize the business terms r to be incorforated in a final Disposition and Development Agreement. '�'�.t ��'` �� Ai.TF„gi3ATIVE ACTYO�• 1 +l- '• 1 Further rhufflf • the'alternative'deveiopment plan. 1) Proceed with,the development plan as approved on January 30, 1989. •� , `� ,,.z 3) Defer action inn the development plan for Phase 1I. U6. NG SQUR • y one required as a result of this action. ' i. A3 Acxi :1) 'Recommended alternative Phase 11 development plan. 2) Letvere datod'March 29, and April 12, 1989. •• iY'+:S t PEC/ULBap, , 4695h • K� �• j � f il. j� _, F 1 {` e ; — �c p I=li+t7riMr, �l�tk ,r'`.�t ) .�J rt�.�:;�✓ jr"o[�tAll, .lti�y.,• 4 ��t ` All.k' t11 'l.+>•X: ? .r�1� 1! �arf'jy` 1. ttf'� •if...':.4' {'i'[1!•*1i4` t :i.,'C 1 y�- 7+ a'.1 :5 .�.{. r� •'.� ^Ct • 1. [y 7'=,;5 'I t: �t't.!•.•.+".},. 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Ir`, I , ,.•,• 1. ,f . t3ti , / "'1'r1+{: (-y.4 �„+�� 1.51:'':` i �.�'.. .-. ftI D•je,{. j;1. �%. a :Itl.. iL 4. S.. 71 <� ♦. i� j.�{ •,1�•, .e•- ;•f t.. •.i. r�'.t{i_,•%.,U;1 +t •� ' - i, '� .. 4� •('tr .{S IAf;:{. �...;... .l r, r.,(., 1. r.,yi _i �1,�.+.'. "r 7.' ,.►a :kjl,�tl Y,t at � t1!✓',a �'.,r 'it'.e r ,i°�i, � ., 1 �r- r.� 1'. !il'i} �ti►`. } ,.i ,r !i'i!� jr,i�f� • 4 ` �„J,f;:• [:1f.�y..(.i. ._ �' . .Sr /r „�� 1 JI +'fl -r ,... ".i�e;'1 1...., tf�L,raS':.. „ �,.•-..7 ,4.' ; jl,;l: ,t,.f .�• ( �jJ.- iJ _'. � >, i•t, "+i+ + (� •/ � ,t I;.. t �,}. �• ,� .•7 F: ,i! if: ,' -t' li :Y� .rj'. v 01: ry, r�E �i. f S' i..o,y` y 'l. {•, .,.+, /, •,L"•') 1 .r., ��r. fN•k4 .� t�:;��,C vtl"�;��i::vs�,��rjt ��. j r �• � [,'�'y (••, ,, 1. — -, t., ', 'i '�. i^- - - -- '. J:4 wri A. rj, 7W 'A' ,rg .......... It, a .At, 46 . • I wi 6o Pol) 4, 4jj t 'xi. IT R1 iR v, vvp 41 1k, 14 � t� D Oil J .%J1 izv 07 jo Kt 114t. p 72 j q {I 1, r , on'. 1, v o' .',)% -Oj, I irk., f j; th A —A7 r y,Jt It zo ;a if 1� jv..t- V �-C; jyi,'. I I ,t KtF` +i 7rr ' ft` '* ` r t l }F ' -y, .71 , PO4 Ci eac of Hun` t6ri Bach 2000MAIN STREET CALIFORNIA 02648 DEPARTMENT OF ECONOMIC DEVELOPMENT Office of the Director 636.5682 Housing/Redevelopment 636.6542 Public Wormation 536-SBI 1 March 1.989 Griffin Related Properties and Alain Stri eiti Frop6riy owners Dear Me.,Torrleira and Oj6krl:y Owners:, RE:,-., '.K(4--FIEP.PHASE 'll°DEVELOPM.E.NT PROPOSAL -�WALNUT TO PCH/MAIN -.STREET TO SIXTH STREET _.,. ,As arouXfidwi Ne haVe"been negotlithij tbr. some time with! tQ evelpoinent.firmo I I.— I a Vein 1J..0'", .t�r. 'Gelfflin Troperteia ovinerso t t-proper y,regzi-ding's&-:,' k Rilited fAe-6sen 1onW t develo . pment �'plari . I qr��t e- "'A'd" ilopilipHtelil" Ided 6j,'GFirrin f Related ri h property.�,' development an, proy conc ept b h Agency ari'dii�y 30. 1989. Piboi0rtles was approijed th r _y-t e`,Rediivil60i66if - We `66 ankidus to k6beed with p1das''ad-to'd6fine' e aUsooslifon and Developifimt Agrieeme-nt he'DDA,i4'-M'u3tbea' ar. "(DDA)." i4owev"6ii..- 0, ties t to, preparing't ssuredthit all 'p'' a the pig6t1iii6n agreement have approved the development co6cepfand have reached 11". agree I me - pt among thernselves , egardlng Ousiness terms and the process of lmplpr'lenting. the project. tsr.�O&Inegot at on,req' Ires'us to' 'gotlatibns by,'�J ily of. thls:,�6ar., To iii6t, this u conc cnel'' hid (• 114. • goal,� It Is neceiiiry,thkit ill"p'artles to the agreement reach a conclusion- as, t� rifiar, IntereF*,.,0 thep;oject within the I next thifty 00),iiays- �.�Sppclfkallyye ire'rie-questing I , Re]i id Properties ash "Main Street Pirciperty that - prior to; mli 1,' 1989, Griffin Related :Qf Cwh' ers-." -oraAevelop nt'c ' - f - t Provide 'N'titien"approval me"' ) oncept. oz. he Orojedf. "a'lid,. plementition plan', desciii1bingAhe iioAde.w'iliten�dpproVal�or iii implementation process and:, means 6y'.'whlchthe roldct will be developed by the development par'tn6rs and ; the raliticinshipbetween thepartleq.— •1tyo'U'ar"e unable',"to pio�lde the requested In'4ormation by Miy'A�'1989, the Redevelopment • asency will bi'req'uested.'to-teiminate the existing negotia'flon"agreeme'nt and solicit separate development prtiposalsfrom all parties. J�F - ve • ',- iI 4j1:,:I ` wo _ 1 A" qiq rt:iM olV,MeN0I I t $ l'it e, t ".., 4t �* �4 t� _41 t, 14") 'e .1L ll "Ar, lie f'e N Fl�2 If;' 'N 't, N , ;. , f14N, 11 1Y, �� 1,4 't V.� 'TI 04 !41 ILI 4M 5.21. 1 If .0%3�. NlryTA" I P Ji eTA 6. .......... I.F N V VI" All N 7, JAI s 1t'. 4 1-4 A .......... 1 071 12 April 1989 YZA myormup MAIL, Re: Main Pier Phase II Pro"J act 1%� i4 041'�4.1' AA'"YOU Z,;`.;ahave: Doug aw, LaEkille.: in�.._, G).1 b A,� 'the I correxponde.11ce, Of 92 9,'Narcht,! i984, '6 `IR6diviI6 tMpment gency,,..,of he' ity agency) requ r n% 44=7an agreement ba.. on Griffin �e 'ated I property # ,, Vey - I I � "... , . . , ipante.�*'if ithir , K, , the,,�&bP 6n6ted', pe6ject b V, 89., "paL I owners' -ftb area deifififtioni�i,,,sa d ro or yiowmers,s "p t, hall be,;4 0 iti". Property .04me speidiii, a V am, !!Hain' a ra". has',, io"qu"e"mitiod �:,,ihe f6`11o'w'"ing':'1', . (3.) GjRP and-,"tAve"Im A street I . . el. . -'0wheri' %X'S'IPO*','�,':pr"o'v','idaii,,"�j 1�,.May, 1989, unanimbdis', Pro "per y, ppz'of .-.a development . I .,',qc . ncopt7for the project' and (2):4thit; an G/RP MSPO •,,provLde`;, a 'unan mou'"' -,of - n,-' and . iii a, written approval a Impi6mentation PlAn',which' describes ,t ' ' cism, means;'P4 1, I the and,by wh ch the project will be ,developed an'A the relationshibetween the various parties. p JY°cs and wii hi�e been ,workihg of months n years) th t�.; th .% , ci� i S.Staff and consultants ' to cla"rify and,"advance the ;S�Alus of prrbj eat. Recei,.tly,.wa met'.with 'the,,Ag s+-af f and 13 8 1 io nor' ifidiv'idually� and -�w vera �- f- tho�';.'ow 2 Y*4 also as -a 'group., - This sunmariie our perspe ' atives and understaindings of the r , B'Sult these &Be moetihgs and discussions. d) rPlikh'-.'Alternative X (eh'616se' baked-on�directio*l a,� conceptual prov"id eid by' the. - Agozic�,?�'a tudy sem6 Gas, at.ttheirtal/_0/89,•;studl IIIIIIIIJ Oj 8,9 't e'..gr ntial vel w th6he evelareUnbduded 'on,h a e'; bf,,14ain �treoit�ihdPFki'office,jor any'agnrej ��ilsekoVom-IMaiii" Street, ana'�. , residentiala %"� I orner on slid" .6vc;, tT;- �'t'DThe I'c avels o.four evsls� e of, three d e •reta' 2/c ir6ii,1:,Jnr%nrmmiden a Courth'41evel 1! dupoiaztaf app'Fuximat I .:.cupola �,kdi6 off,ic"e'-Vu-sett, ov nonLassigned -,-v3.s too ,• r spaces, )r;,tke*' V rkin xlaiiis, an d, 6�dl� p, o"i q- 'b" It, 'are terranea*zV,,, - par subject today..,� approval'.� .'A Sub kini�'Ig' 5 # ed-: to ass g -,to.;surface ccess levelres dential '.(vis tar) -and retail`paikimg As prop'Ioseiid,'�Ikriom wa!n 6t and ''Siith'', Street, ,"er'ranean residential access,on Walnut.ock"fta'z'as are isatlbi.proposed'on PCHand Walnut at'Fifth Streeti whic'h'�vacated, a"fid abandoned. • GRIFFIN/RELATED PROPERTIES M Ii� 10�_. AZ_Z.77 1,4 k. 49, 3% 11UV0F,I!f 30, .4', ��VTP& if wi A Tr -I-"- Z,0 rf 41 V 3 ;-Or. A, ; 1. ri A N Z iK 6V 1 W r 4 "N' "u, 4 V 1 -AT.; IKMI ea,,l k, Iv. X.-N • -L" W., t r r 'A �,A AmyIN VA rA 4 �Til N, rlr 7% f _ r , �v: rYtrtqA.�i-t J j,� I' �t•:i.(�:_ <. _ 4 . t't, t .11 •i` .. '� t ..S .0 + r1 ?.t ; i t:rf � ,�' f �`;fyt 'XT: •�tvi11;Y.f ..rs � -_', S.S�ri ' '' fr J-�:It t -fir) t� �f'. ' '�t y r fir., , «�rf�it• v' ~C'r� �'r. ',t.. ••' .. 1.! v:.'��• ,�. -.,�j y.:4 , ,.�= r �� r, `J, y•,��{.� ! '' '; )„ ' 1. I� � ,jv +;r_�r+ ',,.f ij�M!.'„K^� ir:`i�•yM�tii.. �' !r`+ * 1 Jt G:` �4'S , / e7fr �t+ f t + f �''• ) 1 / v�j.. t " :� t 1I t i, 'r �-',�,1 �� ,rJ� ��C 7i��. 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'1 xx ({•i _ JI ._ 7 _ tt`: a'r a t1 1_. r � ♦ 1 t ( 1 S /i � - ri t '�- � ',� Tl . 't�-7�t 1•` ra � i � Clrll('1 ? �tT�.i'ri �1ii�df� •' �i, 0 i t 'F 1 �r ,j x�� 1r.tt � �� ! i�-) ,: ",,,��"v � ♦1 ��M', +edvp t�aiJYti�Tt{1af ' .•' r,..J•.1. 1 tl t ,T�� i`i , f3 i'•�,`,�'1�) _'.7 f�Nt" ►ff,��t�� '1�(�, l (: :71� •1!�'��rL ' :. � Sl.r t +ti^.� :t/f t 1.' i 5: r ti.�� 't 1, 1 �vFfJk ;`r�„ yf .�j �t1� '�.l .-'� t; t• 1r+trf r 11 S �', a t t 7 / � iF\ • , t: � +r. t �r � /tlf �(, ',•; 7 a-3 � t f ''• 1�• �' ti'�f r1 � � ;; , 1 1 w't + J ,! � l `:tl I��t•! st �(' t i ��5 ';• )„ A t.7.F is ; -• f7t i j i , t, f1,.. ''�•fi �+71 + ! !}'a.: ty� ,,,�°Y" {t .�� ,r ��td('. ,' tv ..J •rry .f �h ;i Jt;. t •�' ' �7 r tra )'� ` 1 '},t` �1 ,ry12�•,1 ,"7; 0 v' off' •<, ,i, `'7fh ' t r•1 1, ' 1 . - Alternative II (enclosed) represents -,•the same basic .land rusem but provides for a visual and pedestrian accosts ' corridor in deference to ILFIVI. , the ,proposed .elimination of vehicular traffic on Fifth Street, gl©mentat!ion Klan and our are ; will} be respoi�sib].e� rcr master .planning .the YrM r�•,t fr p ,This will ba = acac�m 113e f oyerall dsvolo went, -and � iovidin detailed�architectura] ; and .land use consultation =with the Agency_; tind''Planui q;`,Btaffs,' nd atkno.. t : bathe a ecifib:ations MSPo:O'%roperty''owners , on •Main,•'5treet,p etwein::.-,the; Abdelmuti Pro e#y q "the p y tN poparty� within theQpar •"t unity to ,:t:�en develop their' own r l pestabl y p i, and Walnu A.w 11 be' iven'.'the o or , • - ameters,;t<; itched • b the,, lan'1 end _ t al. nt Agana u�to;`'apeaifically.;• Wo; have baeei advisted ;ihat the Redave�,al'.and ;,land arahiteotuir y ' I/ on the round lei viil,: . Y will limit uaes'to retail t with, r"office 9 p (or 'any. nonr�espid l e pla t:.e second level. The"' develo agent , _will � --be comp rahensive y • . nned ..,but inde endentl constructedr';.providing ,for,' individual ,fee owiiership. Property ::owners !will,"be given:. a ,''ti�ae,_ limitation within; which; they., must agree , to newt c'uses pate with this plan. if owners do not, wish to 'construct 'the c �r a ens s as ;called ;.for ' by.: the' plan, G/RP has been ad��ised by she e g„ y; that -they will then acquire tha property for the purpose of a- new masterplanned development.,,,. The individual MSPO' n :.' . •,j . �. '• coast P � .. ., . Y � ' •: p p � , ', finance, and ,. hiil then �inal'ize their lions E. t: entl•;" --provided root their own,-, �iia rovements '-Jointly or rode end f, ;• p . the time anhedule - of their construction cainaides with"'the schedule of the de of the overall rem in r t. a r 11 Pro ec ' II � ` •9 rt. r, As,': analternative, ainy,..M9PO who'.wieiiera to';'arranga: for 'constr`uckicn., of°. nd..vidual projects may' 7' Direct R ; . r con:stru .. G RP.:� 4 y R stw she then the r, do so. with . �r ct, :;th�sse im rovements ' at direct cost 11 ;bey. y I defin,. - . ,. Financiti of ....;a'ssociattrd ,,.,,with t:he�� ed ae all indirep.9 and direc t costs im rov©mentg.-these costs will ' ;'. be` .:the sole l responsibility of,each MSPO,sand G/RP will require that'adequate funds be, placed it escra-d prior to the commencement of construction. 'Junilgarz The;jalternative development concepts, described herexfi will not be finalized ,until . the 'Agency makes= a dates inata on :' pn ;'-the '''alosur,e •, of •, s Fifth Street: However, the -overall •land 'uses and height limitations as a previously described r;litre not. exptacted to change. Final executionato on „cif this _concept/structure.:, is contingent., upon the f .a PavelopmentLand ,Disposition Agreement,,between the necessary:purties, 'and a binding agreement between !rx/RP and you. r r • ' ti V•.f'r, , 7 1.. f i ��'�... ,.'+1 fit 1 1 I wr �. i .J r Zvi `auyr <qt rt 1 �, I 4! k 1pF�<j'E�?+:;vjla;c'i�r ?.� ,aitf4:.•a�l =?�JLtf�'ir v S 1'� efrt',,• •1 �t�'.r7t(•,1';atr 77tlt r!t .l ,SI{J;, '`�, i _ }r EMI• ,t : Ttr Jr 11 1 ,. �f r, �, i+,, tt 1 a�F,''.f 11, '•; '.''}lfx th{r,1! •Yi. ('r'{' � r(' .f`l�C r / G', •J S!i , , ,,� i�Lr,l-�. � �e :y `tf 1 � . tf .�) '+ � s 17 ,Y } .;�', j � 1 1�+.�f%':'i' {' �.�, i •�..• i '/,y� yye�t . f J t yY,� % � liy, ;1 r , t tis=' 1. 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The. genei al i ro ,. j P , durin the-tiaoursi � of forthcoming negotia ihformetion:•.,we ,'have -provided .•herein deaeribes, tha' . conceptu'al• frame,:. s work or ''ither t development. pion' ;-, iand ;, provides eA ;,;basics , .'fox a. p ` ' u er' artiai ant -;a rea r e .,exeaute'.this lAtt r ,jnl `'=equeatnd 'by;the Agency;by,_1 davela ®r own p p gas Plan e,` .., the apace,',providea if :you,,,are May,,, in agreement;; wih'� the development',, •concept , (Alternmtwm 7 and or t 1I) ; _-arnd= the r Impl'ementation, . plan:. �>t2fr ` you �> are ;:yno in ';agreement, lease ..: Mp• prov�de`�'G,/ ';: wi,. th;�a. letter atatinq`f ours referred 'cotttse'y of `act on }sy '' April ` 20 is 'that M we will , be able yr to re pond do �,the'�Ayonay'. is request .rr..,,., y. ed co al of comes ond�ncekior aaaj c j P .• „ al" dacieion.:by, Ma 1 Ad , y, _ fort�a n concurrently ,forward �,4v duly execut PY p ( j;; y, ur Icy ulterna"five reply) .to: Mr:y .,: Keith -it Bohr, 'Project : Manager, City! 'ot . Hii itinQtoii' BB'sch, 2Oa0, Main Street, ,Huntington 'Beach; CA ',,.92648. shoul�it<:it di be' ttec2denry; 7[ .w311,be'zplease . to:,meetl, wi.th4 you peiaorially , ' to 'further scua ovr mutuah'.' interests ' at youri t re est. '; , . -Please unavailable lease .rcontaat ?Ma. ''Marilxn �ieenand at . (g I • 5,, contaot.,._our office sho,tld ou ..have:' an eattons Should r. p 14) , 498-7085� We , look , forward to ,working closely with` you to ' it i.tiite and `compla "a successful addition to the ongoing P°enaissanca of downtown Huntington Beach. • ' � rh8h"'Jyou• Most ' ooirdially; GRIFFIN/RELATED PROPERTIES I TS a• 11• �f �;, .t t R er; .:' Torriero ,Principal At owledgerl 'and Agreed: AMAA ate: `RNT%ache a la}eah Enclosures rY. 11('ILL�,1 r I C ♦ I y t t Li ...T ii PyY't )�►kt / '•i��Y,1�.R01.`�,j+ e w•:�b. �rti'••./._ :.��.tY a.i/•. •,`++,�r./, ttli�e _tv. iir,. .. 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' (,^.It ••.." r ':1 �• i tS ir« f Y t':�1•t 7 ! �r rt 1 ,jl tY rt"i h}t7 i ��TI�, _•t A �T i 9'•'r t t: t}%y r t 1 f:5 pl ` , �� 1 /�.r 1}+ , TciA 1 T�j t i, � '��,, G S � J 7 ' •: �y-. ttti � i' , ) too. 4 i�. � r t:. ..:y"1, �,'a i r t " yy t + '{ } i �f :r• t 41 t,1t if , t� .r. !7! ,' t•. � J it•'�'��t ,.1 � �f•� � 1��lI'roy r 7; f PEriTION ;,•':J7f.`: r.1 t4 ti tr�l A.I ENI:= ;'A;UNDERSIu"1�E0 �thSIDENT., OF, HATINGTON BEACH*$, ,CALIFORI�IA• AfP FULLY: 'REQUEST °,THAT, FIFTH:;STREETr; NOT BE CLOSEC'.'AT f'AC' F:IC A" STXHIGHWAT,- > ,,_'WE ALL ENJOY THE OCEAN YJEW AND `ACCESS. `tTO: THE N WE ;D0';NOT DISH 'TO SUFFER THIS LOSS AS 'A CONSEQUENCE OFEXCESS E'. DE'. T E •'NORTH END OF 5TH STREET I5� CLOS D-'TO` BENEFIT VFEW ;! UR NTLY H • IT ` E ',SACRIFICE,• OF MANY.- WE . ASK,,' YOU, NOT; TO •' . REPEAT ?Ii I S CLOSURE WITH ANOTHER CLOSURE AT THE PCH END O,1. 'rIFTH STREET. 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(r r.ii `,rt •+ ./r.:.�,�lt„r-t�• ♦ ♦ /�.I.. �'.', �%t jilt t, !+.. ' r' + It � ��''it .f! rIt It td . 3ro ;eI ri ell ;-4 x JEW wo, k, ILI' j I jj:jT, f� p t W-1 ;;,4 1XI 41 .3 toe 111. V a PETITION' WE THE'UNDERSIGNED RESIDENTS, OF, HUNTINGTON BEACH'.q. CALIFORNIA, I Ral MAPLLY, REQUEST, ,.THAT,.. FIFTH 'STREET.t,4NOTBE CLOSED' AT PACIFIC TI2.GHWAY. RESTRICTION OF,:,ACCESS TO THE 'OCEAN AND MdM,�, COAST,- HIGHWAY DOES., NOV.'1'SE:E:rj CONSI"TENT WITH THE, CITYIS a'l"�oy:f TS TO REDEVELOP THE DOWNTOWN AREA, NOR DOES IT APPEAR TO ."Z r j:-*1`THE BEST INTERESTS OF ITS CITIZENSL. kF7. 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I S '� i ''si•`�-A' 1 ;V 11" }!Jjf•, � { R $r y► ilji l" r 'r♦ f �F � tf � ,i tyi , i 1 'yr�l.�'cctt��1�f .i5; a�7 f`:ir'I;s-�1t �rl r.' ,��. 4y1 ': r•{a�,' 1 , aT '; 'ty l.s .- i {�: MIr,Y',•j�tlttrt+ fi 1� r t•,: �.,��V,,{j �, it IY♦ �` r � ;) I t1 N ('• f- i1*`s-�I�i t yr./ t'A� fit° rt•� e I ,f �il : .r 1 j1 t''Lr �t 5 t /'1i , Irl { x >� ti't{,''�` a y : L� ,�,1' �I t N th,ii�� ,j r;, �, r `, •'•. c v r " 1 i �c'r r,.tl t r >< '`'` r dr ;," , �'lT ,' + _,� 'f �,�� , � ; � , 1.,;► ��; ,ri-= .r i-' I+� 4'y� ,Ylrr. , /� 1 �[(f t. a 5 t � ••%, . t" t ` f 1 ^`,�ii�, l ..7'altTr •aia.rSt ,.y rl Jtz,l, �t +a.4tT1 . 1 r iry. •%1. rt 4 rrJr '}_ jr)•� t,C��-T �'t`r t]/ 'lf ►.. _i, (rJ•t t, _ � -1 r ' � � Y ti Ira "Y r• i 1.; r ) � , i ! ,A1r yJ ' . I. 1 �2,I,,.l J 4 I• : 'i+ �r v r c 1 i e i; 1� j 3 +`^ 1 s i� f IV A r • PETITION lyst�r We', the fo]lawing. propeiry 'owners 'on, Fifth 'Street In Huritringon e hl do NOT, want our street; closed . at P'a•cific Coast .' Highway,:,,. le aVe. all'. paild a .premium ,to ,ocean .vied exposure ,land acceea:.with, ' `, ,• ` i` ,,t benefits of the ocean breeze., We believe we will suffer the �u cq sequences of advorae ,,development of our properties ' if Fifth ` �z Sftnet is blocked at Paciilxi.:_-^aast Highway,' Already. the north •end''of fifth'stroot has •been cl id to benefit few by :the sactifice of many Owners,. We ask ,lo'u'not-' to repeat his•closure with another closure of fifth street. i i NAYADDRESS - i`; r r Lit/ C�� . r�'�„ p' ! -- �,b S- '' �,-c�`�-� f �--� • �!�Y �1�/ rt ... .. .. r . . . 1 . . • . A. . •. 1 • . A . . . . . . . . I . • . 1 • . . • . a . . '.. . . . . 1 . : . .., 1 . • ; : /. . . ' t, t • 1 . . ,• • • • • • , •, •A • • • 1 1 • •.�' i • • . . • • . 1 . , ,• ' • . , . • A. 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I 1' �'."r'., ..i '1.. l I y4 ...r , t� I 1, il. ,(,1 ate . i, 'I '1�., , {.i rrr y: is .I=, �4•�tii I.1� ,t ll. 1. ,, i,, ;• .,' (l 'j'; `•'j /I,/, �" •1'.. .V1,, ,J� •,A}. � v . 5 , , ,},.tr , : ( �'�l.•. . - 1' , L •r t � N. - . i iy / l (f is Y . , ,,,r'• , 1 , ,.1 i. ,. ,'t It 1 I A; 1.+ [� October 6, 1909 First Mm-*.Lean Title Insurance 01 cumpany, as ZscrOw Agent 114 Ea$t 5th street Santa Ana, California 92711- 2e: Griffin/ftnt4nStOn Beach EaCrow No. 1536215JM a n L Lem, c. n U 'irAsttilr-tibms Of tutes the. escrr,�w TMA-,lotter constL , : Ne York 10043 ;CLtjjDkk3K ; A3qq 1ark Avenues N&,.,.Yorkj,Griffi1a-TowakTowers, ("CitibAk" Y. Griffin/Related Properties-1, 95or Banta An&,,, call.f' rbLt 92707 r ite 0 Hutton Centre Driver S y ("C,riffin")r and the R edetelbymmAt Agerzcof the City Oi! 'A Be c:h,,. California Hunting Boach, 2003 Kaih f a letter Of wktb reispact to the posting 0 92648 ("Agency for the benefit of 4A. credit procured by Griffin from Citit;Ank t of djWws thetidunder, Agency (the "letter of CtOdito)r the paymen to and and the ex ocution and delivery by .Agency Of a Pron"ory note deedot.-tyust to Gj:jffirj 't;D evid.ence 0�ad. secure reqayi•.L- to Griffin of draws agaihSt the Latter of Cgedit by Agency. or'DOc=0htS-. &ecordation e LeLtet Of With respect to the first 6-Aff. ubder the n' r executed original documdnts should Credit,,, the fd e closed be r&corded promptly In 'Orange County, 'Californiat in the Y; following pri6iitV Dead of Viist -with Assignment of Wft'nts '"`Deed of AmL-ricka Title tk�js tor V to - First Trust" ',rOm &9P-Uc!Yr. as for Gkiffinr as nveneflcla`ry�r dated & Trdsteet Ali 1989; and insurance companyt ai. 'from Asslgfii�meiit'ok 'Deed cf'Truot Assignment") M Inc. VC!'ticdrP6) 4 ",-jrp Real Estate, Cix Lin. As tisignor" to cl.tm t q;f ti;e Deed of Trudta, dated iy Ad Asaignee, in respect ��.:,K Y MC - -4 ; ..e "V � I. ,, ., _t." IN A Y v 1 7, 71 k, a ;04 1 V I. N �'qfi R�.O. q fro I L mt 4 ki, �41 'ell ij re I Ile* f" A f - : 0_ �7j '7" J1 n ,is { �, ..1, r tft �'# f1� , -. r t .. ,. Yf>' � .- ;•� / ,_ ,, i ,. z rr. i'. " l; 1* • Y ', �f; rr �+ r, .} r _ Y i • r♦ ! j 1)'•f.f., ..., 4�?11. t , .• }:' tl rr r - :�F.� t ,` ' � .r 4� � �� j : Y s,•'Y'. :��^ 1 >. .. , 's ,. 1.. "�' , 'F1 •t .J ')� . ]`� "1:�i r, is 7 y'r J'+-^` r�r { "} •!'� � !'. � l•,: ,<` ,:1 •.1. :CJ, -, ,! ,i 'J t,, ,1 1� - �4 , •�. :IC f1 ,t 11 x% 'L, . r •1 . �r:' r k i `, " , r 1 Fr fliT rt1 t ,. �.-:,�,7 r J + Y. 1F .1..:ir�� i(♦><�'`��i,4t{'J Y �,f/:r�... •,�r r�s:� *J•1'' Y.d.r..� ''• ri*=' � , .;. ,i: *�,. �L.a_: ,,, I. :;,•_, : I �� rt Ji i'• !` a J:. i. - ri i,' r,' j' �'�, ,.• !s cs. rr ,. p.:r>n,,-.-:,, r/ ,' .1j. �f� `✓ •!'S'-L• 1'1 ,Y J -�Y` -;Y.-1 �¢Tl l,v.. i. .1,. .,t. r .. !r•^,.J 1. 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L:., .. .. � ; Y k,r t; rr rwC"''.'.r, �/. i•'Pth�.+� J' Frs T. � it �y: ,..,a _Fr ,- ....'fa.•'.�t.,:v4 ula. _L�txi?j:.sMa3►i4S11.wuitiAl �t `ti-tl i , J t �� tXkt,. l �' 7 �c� F.41 21. 912 7730 L% lUk1► ►Qi OUJ °i t,!�' r c r r t ::. �n f f , W. •� s irk +i►F► tJ R I�, i r 0 tJ x 1tf ,r •1 '•iwrl r: J ' , If ^t{ !� J Y 1 t' :1 r / J;;t •;;,1_,�?i � t� t .�fp� f 1f Cti ii, ,/ ri / tt 4 Yt • "t 1 r 1 J _ y Q I �h• —/- 2. AgencYls DocumenLas Withi respect to the firet draw udder the Letter of C,:radit, the f iLlcrxfny enclosed original executed document lrs .eat to be recordr-44 but should be delivered to Citicorp in accozdance Elfth Rection 54) of this instruction letter, with copies to GrLffLn and Agency: (a) Agency Note (Secured by Deed of Trust) male by Agency in Eavor of Griffin, dated , 1989 ("Note"), andarsnd without recourse from Griffin to U—tictorp_ 3. Citicorp Documents: The following enclosed originp-1 executed document irs ' not to be recorded, but should be r'ald by you in accordance with these inst•ruitiona: (a) letter of credit in the amount cZ Two Killion Five Hundred Th%,)unand.Dollarrr ($2,500,000) issued by i:itibank in favor of the Agency ("?"getter of Credit"), 4. Title Insurance and the Citicorp' Corti ficatte: We have received a►±3 reviev.ed the following preliminary reports issued by First American TAle insurance' Company ("Title Company")% (a) OR-1529522 July 19, ] QA9 Gerald "JDomond (b) OR-1529523 July 17, 1989 Gerald Domond (c) OR-1404865 August 18, 1989 Gerald noeond (d) dk-1529524 IJuly l7, 1989 Gerald D000nd (e) OR-152952'0 SLptember 8, 1!)89 'Gerald Domond (f) OR-1526378 J%ilY tA, 1959 ' Gerald Docond (q) "h-1529521 1. ". • ► , ',"F'. J f'i�=f� . ,t, f�' rl q, i t 4�41 � I( *TT �•` F , .!{ ' 1 L t r :-y"1 tt f' t i,- tli [L y, ♦ ue t ',, ,. �r r r!/.�i f7 �. 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T .1 'J7.`. -�a< '81{}_i,7,.. �i{ �r[,a :r;�! � �� a .i. fr• X:',,.` •(� y r va... .t:w. i'..:.. .'c'r' : !.1riF irl �.�.. �/ `i-' 'Isr"J S. .y Vlw:n A,[r .}Ti�y��9g rl Yr .'s!�}-n1 `xr1 " l..jF.z::►�,v«,+, .J.i�..t,.•. �'. , 1. �. h".- '1,'.. .'.rt ;� r• �• '[ 1 �'. r � 0 ' 0 a . s a 17 : 21 F.� 171 i � p l = .. r:�.. .r...,,..�-tu.: a: .r .`r _: ;;..'T►:. " ., ,,L jC � t't' `' �� • � r� lr NLN luN.i. 4 V W Qfir , t ,11r i4. r Iy77 � r I~r� '� T' t•� �'��7. 4 � 1 ii 5i - � r J �,j, jJ . 1 � • • '� i i� it 1'Sk U r4Y 4r a 17 ' .t rt its, x r w• 4 .s� �,, a ty,>• t T , •: t �l,�,, �' 7 �'t�r:r.``�Y �.r 1 �= •1 N.-1 i� Yf � r' t •' `mot T+� V` —3— Julyr let. 1989 Geruld DMond (b) hR~1.529535 AUgetst 4 t 1089 Gerald bonand (i) OR-1.494857 April 20,'1988 5. A en4` C1r"si From time, to time,. Agency may draw against the better of Credit by submitting to Citibank a draw certificate (the "Draw Certificate") it the form set fora in Exhibit A. of tha Letter of Credit with a copy of rush Draw certificate to you and to Griffin. Citibank will 4and each such request by sending to, you its ahcrk (its "Draw Check") in the amount of such request, rn tennectfon with, all, draws) under the Letter of Credit, the Agency hereby'autrorizea Cl,ticatp to enter the date of and amount of such draws on the grid sc:hedulfe attached to the P.3encF Note. (eel) Xnitlal Draw, Upou receipt of (1) the Title CCL.�3"Y'fi' commitment -inn er ting to issue to Griffin and Citicorp an ALTA Lenders form of policy of title insurance (1987), insuring Griffin an3 Citicorp,. in the full amcunt of the Hotta, that the Deea of Trust'is a first lien on the good and oarketablL fee simple title to all of the real property (the °Related Realty") therein de$�.-zibtd ("Policies of Title Insurance"), with only such exceptiona-js Griffin and Citicorp shall in writing approve and (U) Citicb'' _j ci certificate ( the "Citicorp Certificat.C•") stating that the conditions met forth in Section 103 of the Negotiation Agreement between the ngancy and Gri;�gin, dated as of August 7, 1989, have been tultilled to the satisfaction of Citicorp, you shall,delivrr the Dzas� Check to the Agency and concurrently with such delivery you forthwith shall do the followings (a) Record the Deed of Trust and Assignment; t (b) Deliver the poliCies of title insurance; and (c) Deliven, , the -original 5tote, and ma&kj—.e copies of t'e Deed of Trust and Assignment, to Citicorp, and deliver a copy of each to Griffin. (B) SubSeSHaftt Draws. The Draw C.ertificai'm will indieate wbather such Draw s ar pav aent of (i) the cost of arcnitectural plans, master planning, site engineering or specifications contemplated in Section 103 of the yegotiation Agreement ('"Cost Draws*) or (ii) lana acquisition° assembly cost 5sz1t i1xj371 + •dawn eta r or ir. r�•� ~ [r •� (l l r`.`t it ,_��{I t � ^ t i J i ,) .+•.t f t :; f;•�} .,, )[ 1... ±rtl. Y '+7 �[ � J, t Is . i �t1�[�I}tl ` �;i' +I :'±.aZl I \ �r t�t�' [ 7'�s t1 r1 ' f 1 �1 1 •C r• tfi r t I ,.. •r' r .k Y ' � ` ,7 t ji' r � � � I?1 t {t rrt� �x y t ,y .,_fit ,.r.'. r a I .cG' ter {r r t � i s'' r.' i `}f •'+fq 1 sr..'a ti, . Yt,�r'�, yy a .� l.`�� 1�4 +.:�, J J9t �� t rr r .1�� +; + - r 5 n.. r � r f *,•% '� yGtK{"ice ,L+•�, � �r f + i 7.,.i rJ , I ; ' . r,i1r} , t1 �.Y,�s', 'r t'r,r .:lli = f' }� r��!kI t tri{f N r [°� , Y S, . �s,��['�� 1('tr�-'<t�.,r ,{�� >{ � 4 1s' �,') � et YJ a�, , t is �' r�� [, , i. J r ) / J y " t• ,.} r'.NI I R � Y J t. �i. i� r .J,: •e t 1 + 1 i ra �I L r1 ttY : 7 4 r j s" j'.V :•. l r ' r ,r 1J 1 ! r a.}tC'L�f•y Z.� r 1 y 'i{ � t ..1 •t`S ! ••, .t 1 cy� `.l` , r1p r � � , ` r 1,'txr �. r � t � r+•• t .MYYt`'`�•,i... j jr r, Ir j +} tr Y a� f I .r , 1 r �t �.1 1. •,r t Y.ti' r '. • t �i ;1� r r +'1 ,1 r; ,4� i"r . !.+'•; �1 '� 1'.i pt Y� \� e r�lC; �� r r till t•rx ` ['� Y rr � f, I+a 't :' �t ` 1 r 1 , F` tJi r 1,� S +�; i �° ��lrtf7�f rt it {+:i: l'�/5 �t:•� rr r,�.lr:;l,}LSf "-�.? �#~ Ir !yJ Y. , ii�! �y,, it �tf�Ja�l, `• tr � '[rr ' . ,„ 'BSI r�� .I �i . ,f�x,1 }-`' � 4.\ .11j 1 i. ,r l ! rl•F� r, -..•r rl) I.1 F r`?r t r.� I +. ti j 31� �r t �^ nf° � tjj" ail a� '��r. 1}t r I ! / a ,�•r , ( s •r 1,}]r''I .j ` Y: t ,..J•t 7' {', i �, [,r, S , - yi r r ,... t r .� �Tltf.,;.(}Jj�IT ?ti } 4 1•�� .y�f.0 I+;t <l,,;r i t i^r }1}}ta` r �` f h !!r-, t�r1 .v 'f7r''+�;. i•,j (, r r r)7 •jLi >� -i tr ti }-ti �.:f [{IYY<tl. A r ,t, t i 1 ,,a ti/, al.})) 1 tf �•, t °_ } �J ,:' , x �}`J• , r �, 7.•, r 7" jl1t'Ylry N'AI}yl;f �}l;�.0 ,.Z f !' �Y+ r Ilr 11lti i 41 �' v t 'S�• fit_ x�; t r'.`'.�C}i•. XiiIJ [Ft ' .tt ry r[ f !+ r.i lI t r11` •�,r 4 ¢ 1 s rr� °F (� - j , W. � .�..:. .•Y i_.;�r�z1;•:'�l � 't^i1�rt',#,r..'J�r� 1 �, '•c, r1x"`i'�;.••�1. } r ;>;' [} s i r 'r, r z+ tl'.,, `t. ��C•�� y .. r>r ... y4a�; '-.•'r`'. ;• . •:�f1 f `•..ri -.'� •' } , ,� :•. ,;>';t{• I•\'�'C 31- - i - rr:.r � j� JF .'rK .tr `, r;�.z;t, 'ft1 V �'r ��•. +T,.. 41 tit+:•: � 1 tlr: Ira+.its u,:,-S 1+}.'_, ;�.. ,� .'t'� •n 1T'1. '� - i �� `��v} r1,( 'k+.i ttf 11 r 4i., I.SLr I �• r rJ%�� I �; �1 r t1s / ..! �i, •]!'1r♦ r•.r.. ,a, ;'Z •J" .._'�� .•I t •�J . ; t' '. 4 w:!Y. ..71 0 3,1 L -A 1 4 .tf T-s=} .i'i.4 .� T �• �tl .. ,1 1 � - , ; k,.i' 'i ``, rrl•7 •, ,t if Z41t. 4" rl Ik. Z or the payment of previously incurred purchase MOMQ Ladabtednems z ontmplatd in Section 103 of the FOgOtlAtiOn agreement. l (upurehase Draws") ot deliver to you a )ravy. The agency shall d (i) Purchase I property to be purchased or Aas�Mnn respect of real prop deed of t IT% M, with the proceeds of the dray. YOU .1". , ' refinanced by the Agency Vi ,, " cay alter (a) Draw Check to the Agency shall distribute thb truntr,(b) the Title Compar'Y each deed of you have recorded solr his delivered to you Its VrittOn COMMI tment to issue an admodification to the Policies of Title eorsement or rt yr showing the'Agenc real property, y 'Jnsurance to include such r stich exceptions is reofs and subject only to Ed be the owner ther and Cc) you Citicorp in, writing approved by Griffin and as ived the Citicorp Certificate. have rece Cost Draws. You shall distribute the Draw Meek �A e Citicorp C rtificate, upon receipt of Ege ditico CC) in the event that,�by soon on the date you sball t have receLvca the �14 have received any Draw Check, you Shall no subsection or pe.ragraph required by the applicable subs document(s) Eheriof) of Section 5 hereof, you shell i=edlately return such Check to Citibank, and the parties hereto hereby agree that of Griffin's ch check in fall r6paymeat Citibank shall, cancel SU 1. n) of the Letter of Credit and ',1*�-,1.L,.0i,*T1 Ig obligations under Section k-I.L4611-p1�11MN.t.Citibank and the Agent to an reen CLtib d Reimbrrsement h9mement bet% 4 raw and lmterest'r�here*n for the 4 Citibank 4PL. 6. Costi: The Agency sheilphy-the recordation fe-as and costs for ttL,_, Deed of Tmpr. and Msig-fiment, for all -;,Lemiu= for the poli Let of -title insurance and any -ndorsement, and a.11 of your VA fees For acting as esUow agent thereunder. 7. Ex I - Rt, � termtnzted by written instructions signed N Valess sooner escrow shall terminate' .5 by the Agencyr Griffin and Citibank* this e s from the date here*!'.. three (3) year + Counterparts: These executed in several he instructions may be counterrts# ea Ch 0,0,1 which shall be fully effective as an pa origivaa and all of which together shall constitute one and the Wk sa" 1"trument. VJ 4,1 r W;In ",, N. r6 fs0 Is i - R -p. 4, : j' J, A -!�A7 ,"i ��6-r,Z N, Mr�a - C15,"r VI , -, , V,;QVvjI ,_� L I 1AF 4J W, L ;Y;,., A• ti Lts, LA - _A "'Y .- 147 tUl i lo�l IKAP YY m STA M OF CA LIFO RXIA ss. COUNTY OF ORANGE 2 _-3 7 before appeared C Wes B annIster. known to Me to be Clerk, of the Redevel&pment Ageiwy of the Who executed the within instrurr tent on beha Public agency exec executed the same. IVITNESS S�UNEATTYL 3ETTE 9ARILL4 NOUyTk_Cellm GOFFICIAL q4taX Erg. im. g. f 1A T I it, -I , It A.— J . , ILj, ep T Wli rT MAW, ne, a the Notary ,Public gf theState of California, personallylly Chairmnp and Connie BmCkWaY. known to M Cityto be the f of said PUMC Ggency and acknowledgeif to Ir of ff"ri"Ston Beach d"d known to Me to be the Versons 'my h"dand official seal. that SUCh CIA j ot, such • r il��` ,,� • '1 Ir �:'iiJ, •4 lit • li l�(r4 r't .1 ,� i ,' + •�: ,i .;... + '. tr. JI ,;rr;v�l • it c i M •r 'r R t: �'hry°� r j "• i° j + r - }I:. '!.: c i' '.r -} . rJ :) 1 y. r 1` lull J ��F � 1 r� 1 L 1`� FyJr'�'y) ,�rt+f�{�'rn ' rt1 }`�f yy� �) t ;.tr� r� �, 1 A'1 • r 1'; 1 / i.1 'yy.' �r i� r, F � .ti �'it",r .�c t s •'rr •V' +s ,1+// l} Ir c•!t' (T / !�. j+< �.. 1 :(,i7� /f. 9�J17r1,^It r �� ' llt �� = •,i ,tl , ,• iA tl �) � ! � .r ' Yr _ ti rt , •� �' ��n ;�J],rJti%')ri-s'J" , !yy � ,•, I�J� l r,t .�,'• Y �� 't � 1 J J � ,�', f � j,'. a•/ ;1 s ')� , .a i i 'xrr �Jt1 " �11>4 �,e / It' % rj• � i{' I -, _ i 1 LS f y ,r :,f 7�a s�� j 4 j- Y•'t Sf. i r �4 4 f + ° f ,1�' ♦ ', °Y t ,�'. •�Il (f +j + '. r� i �!�• ,�`� �,1. I {; e L, j ! 4t,'jr 3.0 r +^,n/(TJ�I 1 11 r' r J ' . y ,•, 1 t>r) l- �' jtj•f' 1`j�,7? fF,_{' n j;rY11l J/-4• ri,: �F '�i ^�� 1 \+Ei 3 , ��i � , j :} r ''`� i� j; '_i I !''1 j� i:�.tr/. rZl ,r►!_j ,> :, r F.it� jig /,1..� 11 'r{ .1� ''� •, `i , / a�.l :i + t,,� L t ��•. '•f. 1.• , LT ./ ''L.j'! �:. •. {Jv.,T -ri '`` ,tt ryl r'� , �(i - f ., '~ lJl ,j' >• + .�,ts• ;r `t7t JJ�♦'14 .1 1(7��j„};,> t.Qt '.I,• a ^�, _, r \T 1', ,� '�t ' () 4 d J +�T j r J: :i• �} j N Y Jti,!� kh •.,: ''•itN i ,, •�•.'. .. �;' },l �4� .; •I,, 7,'�'L� ��y c?' �i / /, ,ilF � '• ��} '�M ', n y�� i + •►`�) + ? ?i /*i tJTt �1 LJ .��+� Et r l �� rF1ilt ��. �rlr 7 r '•� f�`I n ;T sl �t I Ys, - ^! t�%`^ t f +�L/. t 1 t t, p •j , ±r, . i, i r:�r ' e (: r►1 Ir . '•'Si Y •w 1 ',ti , , l4'i�•ii�. rir±:f r + :+ `. t,•�: �.i. .�,r{� f� }ti, , ' 'a, f�.•ll: t'J . i' )l 7j a++ .t /f•!�1 L4 ,c :� vn 7 l k ii , �...��.�II• 'r<?t! c 2, r.r , �} ft i', �4 •Tt :1 y +� iR ..lP`ti:.C�i�.2''....' t:riir_i.+.W.,.•� r.� �att..:Yr.+�C..i'L7Gri�Yii!!/>i>ti,7`tS" ••. � i 1ri+ UU' a1) l I : rr f to .i r, 04r , 1 Jb l l .ra.^ I v1Ut +.1ry • t J E ' t trll•')` IN WITNESS WZMWOF, the parties ber'eto have zaueed these instructions to be duly execrated and delivered by their respective officers thereunto duly authorized as of the date first above written. Date: Date: D Date: ` ' "`` { •,. Date: r' + r �. � mist ., r�+JI �• , Gate: r•.. %3�'8'� Attest: , ply�,�rs` Clerk CR_2FL'IN/RELATXD PROPERTIES -I, a California general partnership, By: Griffin Realty Company-1 Limited, a California Limited Partnership, General Partner By: Griffin Realty Corp., a California corrporation# rjeneral Partner. H2= kn �-- r rrie�ro, t 4CPvreoLdent CIIIBANR, NAM, By: uglagh, Vice President FIRST WMICAN TITLE iNSaRlLKE COMPANY, as Escrow Agent Ely: THE RPDEVELOpMENT AGF VCY OF TE E CITY 4F Ht7�ITINGTON• EEgCR, . a public body, cc porate and pet BY: ,u�.�. Chu rman jar' r':J 1 Lv..: r A t,- r J r•1.'i .. � ). "' i. ,._ r�•g 'vr 1 �„ rri+,�F �,�ij � a.:�.�1+ .:i'�• +'.rl ij' ♦i: -k+ � i:' 7t 1'� •C� -t� +i ".\ t� t l)1,,;:) '{ir'^;�i s! y y o •, +� �r.Jt ! t j tr�i l t�} •; i �d X+ I tir.' 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F., F.16 --I, el Firat American TMe Insurance I", 'N All I'-I...sl companyp as Ecor ov Asent 44 114 ftet Sth Str9e T . rnLa 92701 santa Ana, Califo V Griffin/fta. ting-ton Beach Re FUatow No153621sim the escrow iliSEftidtichs CE v This let�et ccnst.jtVtes ' , ew YatkNe4, r6kk 10043 )i- 399, park AvodderNGriffih/Reiated 1?00btt tuttojidehtre briVe. Suite 95S&jka ArAj California 92707 x.f the d the ROUV616&ent Ag 0 an "a,? rula -Ihgt6� De6chl 2060 kaiu Strett, uj�. mini- stlhq. of a lettet be with icesoact to the posting, the benefit of R credit jpro,6utad bY Griffiz frop Citibank for Iv wLefter of Credit%) ir, the payment of draw (the -71.f a promiesoiy haLe and nu i1ftd -de to and the ftkedU� I 11.0er�. b� Agene videtce an secure repaYmenh Giiffih,to e t I creed of trust to v Griffin of dri0s against the L*tter of Credit by Agency. IRV ReCO, rdaii6a OE D06b=ent0i With eect to the Eris} dr6w irldei the L6t tot of tkj pents 316Ad rCieditsthe follo0ing enclosed "cuilocu be icedbIdea piomptiy in orange Cbunty, CAJIforilat In tk6 ' ; followitL4 Priorlt:j )A ta) ve�d of trust: with Assi, hmee},h of Bents ("DeCd Of WTf I �,! 9 rY lip, I , T- to zirst AmericAn Title Tittatm) glom Agencas Trdsto y ri nyj as Trustee, f6I Griffin, as Beneficiary, dated a Iniuk n�:e COMP4 and ko 0 Trust E Ass 'gumen L. L I (b) Met' '' t f Deed 'of Ir"I Citicorp 'Real estate, VIC. (0C1tLC6tpn)i as Assighori tb i" p ,'k ' �' '+ as AsoigneE?. Deed 'of t! sti, dat6d Wv4\-0!:!SA---- r 1h lr6s�pect of the De ru i0eq. .4 j 7�- Z A Vy; 41 f7f r. Z; 'Ilk FRI, . A, S. I f", , � ii., , , . J g N", or 40, " rb 4 ,W '4 km 'F Yj Qj 'n j 1, -ji A 7k' sir % � y y, cl r, :".}�1„r ] ti< r(� r r! � r 4 t'\ .' �• � +� .t },,�r S. `! -x'1'' -'C. a. - '-N- -1k : ur.fl:ir, "7. tA �;;, I t U 0�rl r, I, f W 1, tit 41.." 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MiAdichd Thoi sand Dollars ($2 j 500 j000) issged by Citibank In Favor 1 _' 1 `i �,' /r•(�.,y_ of the Agency ( "Letter of Credit ) . f f; tr l 'ai'r��y ,t` ':. ♦-tl �J..l _, i'•p �; 4. Title Insurance and the Citi.coc Certificate: r,a have irecei�vea �iWd te�iewed the Foliowihq ,pcelita} t=y 1 ' f , ` � ; , re.0orts issued by First American Title Insurahce Company ("Title �- ��/Is'�:1`, r�� 1 t/TT•. 74 O7R-1529s22 . J Viz. t+ •l w :�ttTjJ' .'i +tom 'tyt r ',1' ul 19, 1989 j�` ; • `t •Nth ,.:• :j Gera'.d Domond t.`'�'°t;''tt•S 1'�Ft;`' (b) OR-1529523 M C +t,i►I; ' 51.11y l7t 1989 J ~< z tr�Fil� t=J+,` `wct;jfi Gerald Domond (c)' ' OR4404865 i t t� 44 ♦t,.1 tt r ,45yf x T 7 '' %t y 1tt � f• , r + 1 t'k ` A11gitist 18, 1989 > > + ,'�,tl!��i, rat �� Gerald Damond r'`a; r IV `f t ` w.�4 a _, } � (•,, f + t• Syr r.4�., =yT.� ' !,V. (d) OR-1520524 ,� j �i V •}T } {. �•��;4S7tj� J's ''r �� rK! 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'.' 1 }� it t _„ i % < 1 "ttt(t'1,` 'r 11 ." j'`'. l i r'r � �3" ±7 � ai. rF• tl['v'--;�,-•�';-?� i �'. ,rl' ( 1' t, r, . ` J: It 7J 'r t;I"1 Fr + +££ "` IN `y ^r , ,lit lA " Ci ` l tti:- 3 Nr S1Xr Qlr t. irtf t+ i r� fAe/, riy 4th�� 1 ��i /t ; rr, `�. 1 t fJuly J.81 i7PD ` 1 J ill h 41(,k t (I Gerald Domoad ,' 44y I f(' allr ,., rt 7j ,:.• (y (} ' 1, cfi.-r _. ' f�<'- I yc� T� ' t t (1t , (h) Qi�"i.5 �7�� C.. . (1 "IC.,'f,AC,,., +TS r 1 ,3 a- rJ. 7 ;, t ' . h11y h�t 4 9 {?J {l:, ; t RR f // �,1 1 Q • ,�s�p 1Vt.411' I•,'. it. . ,Y 1 M `.. ,' r.,, .;r f i �I �'� =jil Jr{�,y r'vI �ll L ('' t'' �' r r Gcra�.td bsr�ond ;o i/. i 1 1 ' �f t :' "� ) zy- 't L T f 1�' { k'. y 11 ty.`t /wc nn 1 t.,. ". 1�1(l.s✓t `A1_-tst,I i �. ' ,'A `' :j , r ,J,, ),,� c,a i �ArZ494e67 .1 � /', ".1 �.I4.Ftlj •" ,1 n L' t, 4', s :; r, I1, : , ,' April �0, • ag84 t Y 'I k, i F y tin ' c,t•7 �, • . •,� ; I,,Y 1. ` , t , i Jr. ir-. \ ` t - i1 ' y3 i .,lttsii,,,1[ I",:r IZ;.i_ '.T 1J.,1T ,' �] , I t• j,. r ` , Jj 1, 2 � t y 'r - it .r11 i Er, lug ` 1l,(1 1 '. ' jti�7 Zr i 5 Agency Draws: '+ r t ,1 �,lVrt,, I a rt . 1 'i y Ji. ]j, . -. ;7t�•'(Y,' f • :'i i l r +l i t ► Om time tO time. Agency say draw against the wetter ,�,'i•` Yz,y�,>:: F,N t ', rkl� of Credit by submitting' to CitiOntink a draw' certificate (the Draw ^;i r �_'.,, in the lorsa get forth in :'athibit A �� the Latter of ` r�4I �"'..,�• r, ; : Certificate")' `tip, r ., . 7 t . �, t `x1 ``• I ; r!1'' ,,` t.'1 '�' t`, Credit with. a ttOpp of elxrh DraH'',Certiiicato to you spa to --�y.t . - ! ., 1 ;•IJff r'-; kx., GritEin Citibatsk will Fu/tad enGtY such request by gentling to lsau ` tad 'f rcf� M,„k JtY, F +obi.'. `" L7 yX r,, -"►ram � ,, t; f itas check {its "Drag check") in the untouat aE such request. In , -- , w{�.� ' -' 'yy ; ', . 1 r ., - connection with all draws under the Letter of Credit th@ &gaiiCy ' Y F ` �tI 1?r, t y. ,. j6.( .t t i' ' ;, ' xjl.. L hereby authorizes Citicorp to entar tbtc date oC u1d mount of q�r ,. 1.4 1 'i lf�l`r >( lea 1:tjifi.! i',:,•i 'such drar+s on the grid schedule a�tached to the Agency Note. � '. ,r_gTfk L" •; , !;F t r 1 p' 4i tit t i . a i, l�:'1 �Sjflll;�e &�r t t ` }.: f{ i 1;, �{ r� 1r, tF'tL 1u,t fc t',�i ', s t '% . 4 ' ;;- fl,,Yir is"t ��, (Aj Initial Draw. . Upon recelpt of (i) tha title k,rr�t rt •� k {SI \t tltr t .St t: r f t 11"S I r �i 1; Camp�y's ,eo= tment n wr ting to iBoue to GriEFin and Citicorp az�t t r ;.r 1 R �► . 1. , an rd r!e fotm of ihy of title insurance (19Q7) >"�',�+'►iiC,,fr 1,' +, l�L�A Le e n d Citis�or ip the dull amount cf t4e I1otg; �T�`'��'' I < . M i' ''f° '4 trr �'� insuring GtiiPi an P ' ,��•.� ;: 1 t�f ' ,�' t / / y1 �. Yt ,, 1 �` ;-"? ''` ,' "'', that the Deed c! Trust is a Fret 1,ien an the good and marketable F t ; ; ,Y t. , « 1,.". KJj' ��. � T:,.=•� fee 9fmap3� tit1.e to ai.l of the real propexty (tie "F.alattd .,"1j -otUt�,� t 1':',,,,,' ` F,; `i,t ' it \ erein desc_ibed ("Poli�ie�t of Titla Insurance') . With j' ;�, ` . ,-r r ' ;�, f �t tv 1 Realty) th �i nrtk L :�# {f > ;. �K v on'_p such exce�tibhs as GriEtin and Citicorp shall fn aritin9 z r , �. I�r ' rr ' '� jt x, '{, f 5 apiirove and (i i ! Chic.orp' a certificate (the Citicorp a ' �' t ,4 x +� t �� Ij. �. { Sa MIt-If rr .,t t ,r 1 ; C*srtiEicsatew) stating that the conditions net forth ih Section ,1;f / , h -, `` are "1.2.,rk ,a-, " ; '�• 103 oL° thR Negotiation Agreement between the AgeriC�j► and GriiEin .5r �' r}rr . ,? ,�/.•,=r' dated as''�� Suc}�ist 7, 19$9 have been Eulf ill'�d tQ the 'ir•t,rf', tit► 11 r'rV ,,Y,1 t 1 , J °II .r,,?, !.. P. Y l ;, T f. J• v 1 4 RM 1 ; ,'�. r� J 4 f , �t p . u shall deliver the - lira�t Check to the ,f Y + r to TyN � �.t4'. ; tY :,, sak��afactien of Citicorp,. Fo , ` w;'r,� I;I,SP;"',, i `;.; �,.. k�{: ; Agency and �naurrently with such dpiivery you forthwith shall �!o �� ,, r; . w-IV \. , : - (fit! ,:1�,M i, ffi, ;, 1 ,r .7,,t Eev,fi ,, II �,' °� ' the following. ;a?�2 z f p, 1' r, Ir4 yi +��[Cs 'i, t. • I r, t t 1 r, . ~_, ' r N �I ,L t7t r I jet: 4 `'1 iJ, t�� a'} ii,, �r i. i. 1Yti�t and Assi iimeiiti i%r�';Tt .t,_t I, XI� "I ' I" �1 -�;i, I-,tI,, ,�.�I--J"�, ",I- 1-.,1�iA ',�,iI .., . �t',',3 I Ii., .I , t , il,��.�,/I,"-,tL1,�l.�-1,JI�z::I ;: q1��t1_.!;1ri rl T (A) AeCOzd the lked o 9 j} J{ .- S. ;., �y r r i�:'i, t! F, i i ,y. `�, f1Y.�t'} f`= �. { YA,1 � •�, ,4 I j'.,1 r ~,(b) Deliver t2:c �iciea of title insurance; and /cJ` f;,,; 3,} k rye ,!y*' J, 115�'�;..14,`!�t;, ;;1� r\r! >-w, l' tt •: r r t '7. {Yi �. !�� , Ski':. at .�.� i ,t,, rn ,, and machine capiea �. .. �.� r, ia) Deliver the original Note. r,+ ti'l!' 4 , r ' 7,: .?I r�ir ,.. , I;zf; ,�, at ^n, ,1�;r; , the Deed of Trust and Assignment, to Citicorp, and deliver. pY ';t : ' r , j ,} 4 If... � , , � r W.. , cif each to Gtigfin► ti% f it 1t f T" trat Tit2;` N t,t ',,r':�;4i''t� .K�,. a��f.,i; t� �� c� (13) Subs ent� Draws. the. Draw C@rt:.ElCa�e W��.i. r �,,11?+ .u. �``':,{ , ? �f '3 r,f x s� ind) sate whether uC� Drav��$` Or PaYiaent o! (i) the coat of rt 1��f�; , '`'j " ' ,fry{,<'�;)'r!r�,r, ,:;:j,dtf: f,!; architectural lanai master iaaning. site u�ngi�tteri:ig or tt1't_, `.�'. Ig ' , gyp ,cz ,�A");'� V,T,jtf. }`i specificationspcontemplated Pn Seatfon 5.03 of the Negotiation q�, Q,,,� IA .• -t t ,, a " land ac iaition, aasembtp Est [ ffts< f , ,, �y "`+ f1 a ( 1 ,Jf Agreement• (Cost Draws Or c i i) ciu ; tk—i .", �' ,.✓fit ,, 1��- ,f l;, t-ls� *� q" t�� ,Ir3flt ,♦ nr , 5 1 1, 1 (' v ,( fyj, 11 f C ;�� ; '•i sty,- Y'C "y,t,"kI.,,r.,.{, ir{it f••117r,},ki wi r �"1, trtFrT ?t Fyt-/;,`r!1�.1?4.,i�f�,iy'�,J,: ",Jtf j•i, M .2, I .• '.. ••• ,rt"ft~i:,��'' V tt'1 t t+y� k'. t�l�'. F` a .. , Jf '. (it': la rf,'.J I—, f� trr„'-..t '-�+w'worJt>21P3-' S, Y t /. y, T'J •� it S.i., ai . ,. rt.,., ,tip""` rs.•�r�ir"fows 577�•!�w1r.JMn'wwn - .Tr I •1F t•.,,S- �, r :i• ",I,$, t :}I T 4, i ', �'f [[ r yt w,r--�9 .•t . ;., ' } ;5.. ;rr.fUt' 1 S .., :.. 2. i r.:.• .I'. L' ' "I,& _ 1 •% •�rt tip •:. F ' I ..��„ '.2 4y �'� J 1 tf : r 5F'� iIs u,, r } i �; ,,,t vr= it_ ;t.' r, ..1 r,It• ,,,,1 ,,, iI; ? ,, g Sit; ,�, yJi. ❑ S-,}� t a.; ♦. `t , .. 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C i,t ` 1-:fit t•��7t r •t .�" rt t \ - � ,..•�, } ��"!. ,rC,� �f ''fi�r•'• � ;,'r, 4 � r ., , • � }'� j,"'t k=.tj7,��f 'l� f�j� � � .1`' r ! �,, ajflf \��1.�} Fc y�r1 r� w w ,��r �r•�, pii�F ,'e''I��(�tle1�' `J -`� i �;• r � -1; a, }' i>y; r{�`: l�'t { 11iw#jri ...> '. •�;}' incurred srobase money indebtedness 1 k 3 or the payment of previoucrly pw Y,r+ F the Ne otietiott d (cement •J, y;+ :: 4 contemp laced in Section 103 o g 9 1 4 ;t it • J , , ►, ("purse Drawn")y fit: � rl : � it�r` ' }' T , f�. 1 t{ a •''R C� r yr��' { t 4� f J 44, 4 • t i) Purchase Drhws. The Agency shall deliver to you a �;,�'i� �r�; ► r� `j ; deed of tr+tat in (cape of f real. property to be purchased or refinanced b the Agency �►ith the proceeds of the dz'aw., You • i 4r ,y fc 1 �l 7' y aNt t ktik {i shall dietrib11te the Draw Check to the Agency only after ta) J S you have recorded such deed bf trustt� (b) Lhe Title Company rl fit Y ' } has delivered to you its written coccmtitment to issue an i endorsement or modification to the Policies of Title r'r , a, <i •. Insurance to include Bauch teal property, showing the Agency ' ' �� • , r ; , to be the owner aereoft and sub je�=� onlyto such eZC2ptiQns ,i 1 \• t tJr as approved by Griffin and Citicorp in writing and (c) you I. have received rtificate. id the CiticorpCe' ' �.rti. Gri ` • x'� iiYou shall distribute the ivaw ChecCheck ' � !) Cost Draws. uWa racelpt t the Citicorp Cer.tificata. ' (C) in the event that( by Noon oa the date you shall TV! rr4 .r� • r «" , �, have recolved any Draw Checkt you shall not have received the t t' ,,fir �:•� document(s) required by the applicable subaeotr.on or paragraph thereof) of Section 5 hereof, you shall immediately return such 4 ,., : r�„[ '� r•�r - , yk , �: hereby agree that ' v' check to Citibank, and the parties hereto } y{" n ., Citibank shall cancel each ch*ck in full repayment of Griffin's '4 I ?' ' r t�f ;, •'r(. ;',� ',if [(c} �4 3y'i,' ='L �,�,�;, obligations under Section 1(a)(A) and(B) of the Letter of Credit `7 �' ?t jS :;J• �t i� '` ri �:' anri Reimbursement agreement between Citibank and the Agent to ��' �I�, ♦ reimburse Citibank for the draw and luteerest thereon t S:f �� • �145` �f..i?d�-r• r `' ,�`rtit'i).::t �'�;'��_. � zc "" ji>jY Yt1,�1 Af3v}riit }. *'-T a■ 6. roe to s TN. Agency shall' PaY. the; recordation fans "d costs for the Doed of Trust and. Assigriment, for all` pr�;vivas for the policies of -title insurance and any endorsement, and all of your fees for acting as escrow agent thereunder. y. �i.ati0RI Riess sooner terminated by written instructions signed by the Agency. Griffin and Citibank( this escrow shall, terminate* three (3) years from the date hertaf.- t g. Counterparts: These instructions may be executed in several counterpartat each of which shall be fully effective as an original and all of which together shaL1 constituto one and the saran iestrument. , - al fa!r7R�1f efMlliAPlm r ,rj } 1; r.: r;• s , ,"T 'e T r tr ,.ri , r t �� i r. �T t�i �'� � •il y, EIt •?� r.Fl 7 �"' � c 5i• } t *' ' 1. ,� f ,' 1.• .} r .,r f it 5 •.1- i r(!r � .� L �� "'} h i a.t_ ++ . 9•i�)-iCl�j% ♦ i t�1 J �}r �`.'. r 1 • t 1 .'r 1J ,..E (.� ' '� 44. -� J N 1 �..} tir�U� ia' t t�i 1.• t• f��y `�`J••.�r"S�j'�'#raj, -r?J[, {� �r 1 1 ll•r t .rr.�t. � 5 YaJ ! 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Ir}. _ .. •1 tiS ..I] ��7y 'lei r! t i;'� ,.1 ,1 _ - ' 1•/k.. .firs+,i ta.('Yr�'� w��Itli:��Ir � ,� (`'"�i, r i-�1 ,,r'; +r,�t tt.' � 1 •fir y ,(� r , _ t r n Ir- y , +/t'j••�� - �Lt f` r J'*,,�_ 1. d� ., �t ;.��y`�' ' ;4 ��t., S �•'� t t LIt+OHNIA } S' -ATL♦ OF CA , F ORANGE' ) ` CO U,'VTY O !g before me, a Notary. Public of the State of California, personally � c�,_. . known to file to I'C the •� {:,+ On �`� Bannister,,known to me to be the Chairman.rnd Connie Brockway. }} op {{'es t A ency of the City of l�unting,on Beach curd kno:vn t.+ me to bs the persosls �f �• ��, - k o the Redevelopmen n behalf o said public ag�f cy and acknowlc.t ed to me that such clerk, f who executed the within {nstrument o f iciat seal. executed the same. IVITNES5 my hand and ojf y ,t 1. public agr.nc��• OFF IAL SEAL i t t Wary pUW-C*WnII 4 •. ORANGE COUNTY tom•�t. EXP.a�. %. t `w��•. •jj 1.. } ftyr ; 1•.. +i.,, •. 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"'`r s' ; it t .,I.}y,1.}!tAJr .sl .,.n. a r-c.Pj4� • i, , : -q, -," 1DN -;; I1 DI'Liy't'''•c`t* )f. ,; 7 I t } I t .,_ j 1 7 1 4!— 1 Ti 7 7 '"' 'NI ,1(St;, t; t q yf , ,�,I rat r1k, s V4y r,: rI 1 r, ti . Dl.f. , e't�:t, U !r iY '� 111 .,/� :l' ,i ,r 1 i `" k i .. , A, 1 . . „�. . J. t1 ,,(..,.D• j :f.� i. r OGtooer 6► 19E�9 pirst Antoricnn Tit:ce Insurance Compsnp. as E:sarow Agent 11g Y.t�Ot 5th Street Santa Ann, California 927a1 Re: Griffin/Qunting_01% Bench �o air NO.. 15aSZ15imm Gentle:ncnt This ;getter constiLtutes the esero» instructions of CiLt'•aak; N.1�• r_ PaY�tuProper"yeskx,NGrtYork 10043 cttin 'iowifrs, 5 ("CitiUank ). Gri_?fin/R �.ifornia 93107 Button Centre Drives 9uiL•e 530r Santa Ca ( "Griffin" j . a,ad L-ae Ra doreloime trAgenti�lgtotihBl�aeh Za].ifornia IItllltil3rjtGR iJe8G23. 20b0 -a g26aB (nAge�say") r with renpaGt tea tt:e paHtiflg of a lrtter of credit plcocured b;� Griffin zraa Citibank for tvA ban�sfic of Agency (tije 'Letter of Credit'), the aaymont of ora�a therculid�±rr and the oYacuL-ion and delir�cy by Agency of a prvmieaory note and �ec�3 of tLust to Gri€fin to evidence anc� secure rep3Yment to Griffin at �raas asminst the Letter og Credit by �►gen�`F• L. lecQrdation of Docnaenta� '�]ith respect to the first fed xi9i.nalh8ocumcata shauid Credit. the foi3owing eccl'ooed eseCu c'relifornis, in the be r0cordedrioxjtly in oran�E County. €o�.luwi.ng p (a) Deed og Trust with Assignment of Fenta ("Deed of Trust") Erc;t� Agency. as Trustar; Ica Firt�t pmierin Title Insurance Company, as Trusteer for Griffin. uz Beneficiary. dated r 1989; and �__�ent oC Deed of Trust ("Assigume st") froa4 r� Cif cos Real �si:ntz, Inc. 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I -1 ', , I , � 'N I � I'. ` .-- s- - M - I " , ,., , 7 iz . M �.• j r �r�i�")y ' 'tr Y'• ytj•A} f*r 1 "'�3f .� o�N�� a is •'a �'. 40V }1.,:�IJ•Fr rj�L�;VS�iti!>�j:"j(htj .� im !S iCti�, y tr�=ti �j�t 1 `X t I'_� r. ; ,�t� ',' f '?'�P? ,"�: �i (•i;��t }s1''Y `.:i� I '1�f':,}Ytr_ ' v S �yy A • 7 ,� •,( •T• i •t') 1. ?� L � J r •f , -! ,,v((� f - " yj�� lett , {i- '�y,r , ,'.' � t{J,� '�� - , � '• 1 '!lt � t', .. .. 1` li ��, J ,• S'�I �}it ,11�1. �• •.. �+"' � 1 { it y t- r r • � {`` �� r lI ry t•i Y+ ;r4 i• ,ki ri ", J, /r ' 1 41 / i `' 6 7�tl�.x !Fill rl.' y�k'4T e �...,1 ;: ti,: 1 i111.. �• ,'�1 1 ( k tf- f `r` ,Y I' �1 °j,',' �t 1 '�y1 i ,.• �tT 1 t( j•`'� 1 •bilk , ��•; t k':t, .< .l f' 'i L�k+ �I �i�' 1 r �'u%, r, • ft ` �kSGI E, .. "� . • � .1".Mc. A M: a,. L4RN'wa6�.�.'>NrrlrwM "' - y,Ira. �I,pKaw�tywri�..�+issh+Mr►,Mrw�/.�c wr�wa ...�... • .l{7. • + : J" •� .' i=i('S'71� IAA •Aw V4r 1!1?�� 1 i,�ir LU VU•0• �f... r w a.� or the payment of previously inaurred purchane money indebtedness contemplated► in Section 103 of the Negotiation Agreement. ('Purchase Draws") M Purchase Drawn. The Agency shall deliver to you a dead of trust in resaect of real property to be purchased or refinanced by the Agency wit4% the Proceeds of the draw. You shall distribute the Draw Check to the Ageacy only attar (a) ou Lave recorded mach deed og trust, (b) the Title Company K:as dallvered t';) you its written commitment to issuo an endorsement or, modification to the Policies of Title Insurance to i.,Iclude such real property, showing the Agency to be the owner thereof, and subject only to such exceptions, as approved by Griffin and Citicorp In writing and (e) you have received the Citicorp Certificate. (ii) cost Draws. You shall distribute the Uraw CbeLlc upon receithe Citicorp Certificate. (C) In the event that, by Noon on the dates you shall have received ha Draw Check► you, shall not have received the document(s) required by the applicable subsection or paragraph tbarmfg of Section 5 hereof, you shall 1=ediateW return such ch r.k to Citibank, and the parties hereto hereby agree that Citibank shall gamcel such check it, full repayment of Griffia's obligations under Section MOM and (B) of the Letter of Credit and Reimbursement Agreemnt between Citibank aad the Agent to reimburse Citiloank for the draw and interest thereon i 6. Co sto► Tb,� Agency pay the recordation tees and costs for the Deed,\2i'.'Ttust and tlssignmeot, for.. all premiums For the Policies of title insurance and any endorsement, and all of your toes fur actiag as escrow agent thereunder. 7. g, tr iratYoat 19nless sooner tarminatad by written instructions signed by the Agency, Griffin and Citibank, this escrow shall terminate, three (3) years frcm the date hersof. 8. Counter rta: These Instructioaa may be executed in several cuunterpartep each of which abaLl by fully effective as an original and all of Which together shall constitita Otte and the same instrurseut. 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J ..,r,.:, � .. : . it T, +'. : ' •'; �4• r `.T e �js..,I,, 7. rtL p; 1 t�y.a t,/. , :rbi i.srS.'» __ �_;,Fsr~r+.:ria [�':+ai' uw�.t}t�✓.i: Lw�i i::«::%:i; ill: .. ••.wiIAY�..Lit.a♦NM1 i 1 P. ^ .fF•^ 7,vM IU�rvl uuu ;tlrkV 1'1 5V 17:lt t!u CAt VIA II:RJ y '-' Y a .ter' »'a R fret ,u. l�Ll jv;wr ,j: j ciyft�,�titt`l'. it It. j• q I. r j' t � r I —5— IN inTlIESS WHEREore the partien hereto have Caused theme intatruationa to be duly executed and delivered by their respective ofticaru tharaunto duly Author+zed au of the data first above written. Date i _ d 1 -I Datet /to / $'4 y_,4 1.4. Date q r L- Grp ..•,r r 1, '•t{ it y?�,l z f - Date: �f r r Date: C�'A!j.IF Attests clerk M.FFIN/RF.LATED PROPERTIES-1i a California general P,ztrtnershipr BY: Griffin Realty Coepnny••I LimitEede a California Limited Partnership, General. Partner By: Griffin Realty Corp., a California•corporatione General. Partner By: 1 �t er ^.c rr aror P s3 t' t r 8yt Hattbeir Witter uktQ President CITIBANK, N.A., Y -iagh Kinnalligh, Vice President FIRST WSP•RICM TITLE INS[A't XE COKPANY, as Escrow Agent THE RMEMU)PNEN'T AGENCY. OF TEE CITY OF EMIWTOU . B R•AM a public body*, coy rats ool� rec ( �.. r:e;= „ t 1 �rt jl t��t�1 t, r�Jr•.'j '%tl,. P��m,X- .4�'SC►►y}},,t r�`w ,l,ft i• ` } {", ! i IJ� ti/1 r S }. •! +( �� t i '.+Yf. ,,tt ] rGt �,.J•} , �i.Ll Z}�.3"hL '' ftJ ^hL >•, '-,°{' V +,� jy � .�� 11 t � x'!t !` �?! },wIT y.'f-•.' r�;}r � •., s+c,/,��t r tl ,' a" l';' t ,'' {`!rr s � rx �•'a t[ •�}i.t. � { r�,7 Ir ).� {�''. t,''. ,,•'.�� '. i"J "1�}��1Y,��!�A,�� , }+JtL� 7S 1i r.1 f�R r:. T 4 r , :} ;r I rt I � rl .T �i} f •1, �J t•'.x YJ s�,JTy C��. ,hj, J ./T.{j � i+'.i j� •;l/tt ti 7�]' \ .}{`r. 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( `:i;� t' `� 1,.+'�+ k � cry'%;:•`„i'' ,,•, I M. w2M 2, Agency -la Daces% With respect to the Ei I r8tL draw under the Letter of Credits the following eccio3e+ oriyinnl executed do=ent is not to be recorded►buethisabe inatrutionej to let:torit�ait;bPcopiesicorin accordance with section (A ) of Gr,i.Mn and Agency: (a) Agency•ffiNote (Secured by Deed of Trustl made by pndorseduwi thoutfavororecoursenfr0M Grin to iticorp.dated (gate ): 3. Citicorp Documents_: The following enclosed original executed document is not to be racordsd, but should be held by you In accordance with these instruotiona: . (a) intter of credit in the amount of Two Million Five gushed Thousand Dollars ($2, 500400) issued,by Citibank in favor of the Agency ("Letter of Credit"). 4. Title d^ the C1t1cor Certificate: we have raceived and reviewed the following preliminary reports ioaued by First: American Title insurance, Company ("Title Company (a) 08-15't9522 July 19, 1969 Gerald Damond (b) oR-1529523 July 17, 1989 Gerald Domonld (c) oR-1494E65 Augunt 18, 1989 Gerald Doaaonrd (d) oR-1529524 jttlyL 17 r 1969 Gerald Domond (e) OR-1529520 September 8, 1989 Gerald Domond (f) OR-1526370 July 13, 1989 Gerald Domond (9) OR--1529521 ('14I 4,V A 1 1 4 � ` � A'f 7�! .• t 1 -t l' � 1 , �'j'I c �1 ({ �` � M,s• •I i .rit i +)i. t \t 1, � YI +'.�kt t� t 711 , v __, F. , � Al i �, .. i�� y� {, �� i,x? 'A S fi�a�a/tr t tea kid, �trtav rt Irk.., F Si i t.i t'r J a �1.• V ) , # { }1 ' 1 7 ry' '. :.�. 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X , . _{ } t s1:,•, a • # f ,. �.� ' . ,r<, j � .'(' � i ar`t� • i.•• t .. , t -r ri •'Yr'i + t r ;' ! . {�< t /S �r }t1 ` .S + t YI 4 a -1 T 1 j rt'1A� i�''tjLj +�5� ! {t �'�(s li'�4\: i ,t�tli +•: �t t ,7!� )' I tit/ � r � , ^• t , 1•k i '1 if f� (�^ y 41 x 11 ��'� • y, 35333 1 ? r� ,, t�' r 1 h -:� S li i:,�q )f !X'.i�l + jS 7�,t r ,i �, '+"l%' r t ht rY , �t 4.- . t } l ttt 1;,,( 4 1 1 1 'r�,�>tr,r7ly�' f �•, i•,��.t .f � f � t• �1. jjcl µJ � ��4 r j,4%��+xl ,�r i'�. � t ,•� Ir Z,7 rJl � i �T 1�• ' !! ( 1,� j�- ,i w,`-,,�•�y�ir{ytftr(••�'� t.l i t<f ,�i }' �� tirlr� 1t'<�lrJt�t •dt k',y C/Yf) t ti ', iVI ,t '. .!' � fr 5,I'�, 'rM4}�Ijr i l { y ' )aI ;1SJx l j f,., t.,f } e �; >� •Six �Y !{ +. tl' f ri ♦ 1'. 1 �: '. , x 1 e t ' ;•�i i' n,;v tt t� .l t� i, i ,�}lA r ,:, 1 » 'F � :..f� Cr,'i!r iJk3t:�..j� f4.:i •4 . I t I I.J f " t r,M It ' )1 FH ♦ 11 ix Y, ,t l t xZ. ,Y't p JJf, ,� rt`1 rl9 1 }i rA >• S t r! 'i, ' ,A i i 1 �,� �jj ]]i��.. `f bi �,j. } 1 ..i ! i' 7 •1- 1 JI f j v1/t S �71, :t�f'�nil+�'� 'y .J'i�.k:.,r,t:•;'�%?rti:1�L,4�1 fti,.S4�.C,.�..'{al.'li'.v•. v)X:�f�fti. i. .�.�iTir .,_'. ...�/SF ..! ,�{,t',rF'7r•V �,1R at ��i �7r ir•rj�tilh7 clC I� � lt�`` h!f�, h<,{' '�� 3' k 4 '"tvf, a1'v 1 i•�'�t y' }{°�7Y T�N iy i't j4 Fr�r' , � tit •c Sr' t �� I �, , � " 4,. ? St : >' 1 1 ) � ` } jS kS � 7 ,, •+ Y � { � It./jf1� �.. ! ;S trX p{ y1 7r, i I r a} is „' } r f1 'i (. �ACa�+„+1';: try i«^i tv rS'<Z?t�tx" z , tt�v_,E,; r S7, 1 ,.�,�t l'1, �,.,.,� 1• (:t fr Y .'+Xlr G ,�' i 1 �7r "'Y JIY,., tr. �l,+ �.r�`% 4 ;rJ ;.Y �Y F 4. kI, ZIP' % ? II�W�i., �}.1 i}.• , �',�_ ,�. ,, i. ,: S},�1 Gr'' 't d i fld if .i ' ~`� y��y. �f.+. �. V;d W'74 1 1'r j- I J" A '11104,86 17:21 FAI 212 012 IM 'I?lv NL% WXK fi 3- July !as 198D Gerald Domond (h) OR-1529525 August 4, 1989 .% .*fQ,�', 1'.. j H; Gerald Dozond (i) OR-1404167 April 20,,1908 S. Agency Draws: From time to time, Agell,03+ may draw against theLetter of Credit by submitting to Citibank a dravi certificate (the "Draw Certificate*) in the form set forth in Exhibit A of the Letter of Credit witb a copy oC such Draw Certificate to you and to 0JUffin. Citibank will tUnd each such request by nonding to you its check (its "Draw Check") ill the amount of such request. in connection with all draws under the Letter of Credits the Ag' - ency hereby authorlzes Citicorp to enter the date of and amount of such draws an the grid sobedule attached to the Agency 'Note. ?n IT, 4L P, (A) Initial Draw. Upon receipt of (L) the Title C0mPaL4Y COilMitmeEt In wrrt:ing to issue to Griffin and Citicorp A an ALTA Lander's form of policy of title insurance (2987) Insuring GzLffin and Citicorp# in the fu21 amount of the Note, that the Deed of Trust is a first lion on the good aAd varketable ECe simple title to all of the real property (the "Related Realty") therein described ( "Polietes of Title Insurance"), with only such dxafiptions as Griffin and Citicorp shall in writing aVprove and (ii) Citicorp's certificate (tile "Citicorp Certificate") stating that the' conditions rat forth In Section 103 of the Negotiatiou Agreement betweenthe Agency and Griffin, dated as 02 August 7, 1989, have been fulfilled to the satisfaction of Citicorp, you shall deliver the Draw Chock to the Agency and concurrently with such delivery you forthwith shall do the following: y". .(a) Record the Deed of Trust and Assignment; (b) Deliver the policies of title insurances and Deliver the original. notes and machine copies of the Deed of Trust and Assignment, to Citicorp- and deliver a copy of each to Griffin. (B) SubseM!ent: Drays. The Draw Certificate, will Indicate 'whether such Draw is or payment of (I) the cost Of architectural. pl ans# master planning, site angineeriing or specifications contemplated in Section 103 of the Nagotiation Agreement ("Cost Draws) or (lL)- land acquisition, assembly coat 771,1! MM ,,7 - .4, ',p 7 -fit J 4' f 4 fi 1 10 1"!7! '�O, IA, 71 4T 4� tj a 0 u .I S *N (,"' Y�' Lv` ~�1 3•F~ i ' i+ -j, Ir7 � JT`t 4 1 'f '•'` '+' � ; + ..(�"�i .' L;r(, -� ,. ., ;•, Cl�' h, rp ,;. _ 1 i t:,� ,`h ' ,r,.4, J Y ' Fi•M ffPddd'!ll��. n ' J •' t ` 4' *i �, r4w.,, �f j Y. �,:r ; ,.�, y.:. 1 /i,�w �'t'Iy •5, Yi �•. li y rr,AIA y...w. Jw •f :-..,, f... ...r. , ';�!� ,I'1 1' •I, 1` tl r-i :.k y1� �! .... ( 11 r I' +. ,l . , rt. E 7i ft.: , ,•,°ra•yy., i ..;. -,. _ tt t t t .S, rI ' •'" t'v •J.ry ;, !� t: -:1: / i•',i, .1 tr,�`,+�.1.. '?}� t;•Jr.,_ `td _ �, 3 ,� �': ,f,1 l� ' a ':J ,n)'ti'•�r.•:,:.'. 7 a. , `�i .i l O t� :3,1 aI i� t, ',,. p . 4K'r:' A �i.. h!`lr� . ^Deara7.,�; a {,,cs ,.;:., •;.L. ,. - l.- � (.. '4 I '' i - ,1 Y r� I,t+.�. f _ { It ti . .. �.. .rfr ,1 J f ,., .!•`, `::1" �' '!. i '1' ..a• :t: s ri Y'•' �.fl` ,�. •''- � "l 11J. - . xl ntr,, ..�' .: 4...i 1Z'+.f l.,', ,:•,. 1 �',., r': �: - r `}�'il. 'I .,I ,) i •I r. 7 r,p rS ,1. _'y r.;: . ,_!' 7. , i., . t, ♦ r �,. ,:�? rAlttlM"".. , i''-'� -'.'' / r { Y.!f �'1 r 1• ./ , i •+�I'11r7 ' •.' "W.,.. ... r ,.,. „ .':.' �, �,` �., 'tt r. ' C",, .� _-'; .•. J.9 a.._. ::,.,-::.,..,-1, .r ;._;, , !t ... , ,. +. 1., J- ...-. F' _ry�''♦r, q,X� �J,yLII'. �..'1 •�. y�� 'Y .,fr,.,x,.,• ,I. tr, ors- :,' {. '`t .7: ip)' :1=ti3 �> ,,�, ,._ .� T x. -, . - ;. t,, i� + ,• �r. it •L,i `fi, � <, , ty ,'s �r:• ! C ..; t.:.a}i r, r't'..".-'•.! .,::'rl !, ''S :•, vj-: .jr. ,tay ,t -n4 ..Y''.�.i*yi::rt'S4YY:'�n"�1 df (...,.�•,, �N _ 1� ��. i-��, t_..:1 C: •. %' J ,: "''- --♦a'M..sw.r....,,_r:N:.1�.i,il.......L''a:...v..:,S'l,v^lL«::.ir�F,i:3Ji'i•G:lt4ialVw+�atnt�'.Y If ' ,f �^'n. •ltr A, - �' t !' ?.d t a ' icv--,Wa.L¢M�r.�..pr , + _ � _, 1 wiiil.:r773�..".i+...(.S•..—r • ' , 7,,�ji, s L !t kl�.. �.'j_` t 11 j. ,Rld rL 1i1. 14- Y�r 1 tv•r •• r •..... ems' � �f ^lt Gt �y�j..��'Y �� AV V U Of 'J� &,41 ,, j t(�tiiS jTv'!V fS k a ! r• .. P41y°� 'tt��t, t- 4 V.t 1 _b_ �l " Lk4l�l,t 1 t r1. J'incurse urahaae money indabtesanase or the papmenC of previvu©ly P,,,�,. f the Ne otiation A ree►aent. y'i contev. laced 'in SactioA 103 0 4 9 rR ("Put se Drawn") ,f�� r , The Agency shall deliver to you a ' T?4;1(� ;* tJ .g� t�ll1;(i }� Turchmme Draws. deed of trust n respect of real property to by purchased or ti5 '1� refinanced by the AgeYou ncy with the proceeds of the draw. shall distribute the Draw Check to the Agency only After` (a) deed of trust, (b) the Title Company f t you have recorded such r has da lSvared to you its.writ-ten cowmitmout to issue an ;+�',, th I t f IoI #.I n � T t 1 . , , l +. (•is =w'Ci�ls' rrl: a o, r i.itt ,, •',t. , i) V i endos:eement or mod.ificati•c n to a Po c es o insurance to include rvxh seal property, showing the Agency to be the owner thereof, and subjegk only to such excsptiona as approvad -by Griffin and Citicorp in uniting and (c) you have received the Citicorp Certificate. (ii) Cost Draws. You shall distribute the Draw Check upon receipt of a Citicorp Certificate. (C) in the event that, by Noon on the data you shall have received any Draw Check, you shall not have.received the documert(s) required by the applicable subsection or paragraph thereof) of section 5 hereof, you shall immediately return such check to Citibank, and the parties hereto hereby agree: that Citibank ar'all cancel &uch check in Pull repayment of Griffin's obligalAons under Section I(&)(A) and (B) of the Letter of Credit and Reimbursement Agreement between Citibank and the Agent: to reimburse Citibank for the draw and interest thereon 6. Costs: The Agency shall pay the recordation fooa dad costs for the Dead of'Trust and Assignment, for all prenituns for the poifases of -title insurance and any endorsement, and all of your fees for acting as escrow agent thereunder,,, 7. F irations Caless'sooner terminated by written ilist: Motions signed by the Agency, Griffin and Citibank, this escrow shall terminate thrae (3) years from the date hereof. a. C•aunterpartaz These instructions may be executed in soveral counterparts, each of which shall be.fully efgeetive as an original and all of which together stall constitute one and the same instrument. y1,�.»>•v ' e�rwr'�.,,..� 4,c.1i�'r`rtt"',rh^`� -*l��s�'35'r�Ir •or'�i_ :.......-.,$ ; Y`t I r 1.,..+ t ( '�� / �{ .5�: jl �.,yY,,,,�"�t 1 +' 1 1 C S y, !. _�•_ r't.Y,r l,f Hr i.yG '111 , .: ,1 -• 4' it 't4 l" 1�1 t irJ r'-, t �i ,t�rX'-,, C(. '�:�a•� i�,t1��tL 1+1 .,',�i(-E -'1 � ,' rt•: f 55 jit r'•• t, � J. l�� , rtl��l :+�Yt �; 1 JS i Ylt, t ! lJ•, r t .. to t 7 f �'r fd , ) tt �,t n 5.: , {/ G IC � (—J tl i ♦ (;. , ry : ) (J � f:' , t> >,M J �� {t r'. 5 I 3{C /, t r( P �, I♦ f, 7rt 1i r l 1 r It: Yi J,y r r� t1,J -` 1 i r ' „/ A f , h �{ i� J!I>, rn•ti a y 1,r , 1/ rt74 �ra't sr�* �`, 1f Jt ii !�(j`r I y7 r� I ' n,, 1 ',';,ff4 �,.;, s� 1._ li I •5;� j�+ �'�♦ r r l yq j s I�Js ♦ tr U r. ri L J I „( rt ( Xr� rta 1i C u r t; IJi} , (1 tr iY \I ! J �l„( ri 1+ J Itr 1•-�4 rt I Y ,tt- , 1 'I•. !i fs :I 1 tJ{ t 1 'aiitttt a f�! t om t t ,, �t )'t 1 � �� r'.'��'•, (1.��r`� Ikf 31 � ty'Fi lL f'; A`I Y '• '4t If , 'I / .', ( i YS � Ire ,/ I / 'i ,J t t 7y "f{t �rj' �,(: �J•f i � { r�"31,,� p ', . +•tJ It > t r. {' =lam' Ir(, 1i.,a 1 I li 4r t 1 f�i L1✓`t }+yl♦ t't �r lJr. �}' ! tf{ ly i r�l :11 lli r is ~ tyyY yLtr jit P x l h1 t ��1 ir{ ly�Yr1�i' •tf �1'$�r �t;+L�' f "I,cf,,;J j, ,�r y`•: rt�rlt4�y ; l,p , Se t,!' (tJ�I� rti '1''r l }. C I r !j l t 1 7:,t (•. t v� 1 y v r ♦. 1 �1„ t }�1',is S I t, �l`P'��'1t Yew �(rJ J, f(p ,,+1•Il `t ,:4:,^,t t1J t'�J }' .•.�r r'I tt'^� T �:-_ tl '. , +}+ �=yl u .! 1 �ZVy�.+ �' `^ 17 r >� I , ' y 1 , t , r y t•y C ( it yJr j. • 1,12r '�j 1 ,�1 St ` ' ! to 1' } { FC. 1, , `2.. � 1J :• � ( 1 lJ - ,"r •• 7 \ 7, : „ + 1 Jr its Jl•, t 1 , .• ,t r..: f .:..�'.'f:w1'AM'-Io {wYi�/iiii r J "`• �4 ' ; . C r t ��,,)'r t } F C-1 LIFO j ss. t i COUNTY OF ORANGE orni a ersonatt Cali y On eP_ a3 . 19_ L before me, a Notary Public of the State of f N appeared Wes Bannister, known to site to be the Chairman, and Connie Brockway, known to me to be the �J 3, t� } t`x Cllerk, of the Redevelopment Agency of the City of Huntington Beach and known. to me to be the persons $tIho executed the within instrument on behalf of said public aLency and acknowledged to me that such \v tint ;, � t,• `+ public agr+ncy executed the same. IVITNIESS my hand and official seat. 4,1 SEAL i.. OR HcPdtllc-C�IHurnla "�.� OH4NGf COMM mil•--�..L.��Q � r�•,�.��, j `� � t�lr XC, � ;�� ' 1 � 'J 't r —' !Ay CM, EXI). Jan. U. IWO „ <A �. Jr'7 -, :', 1 rr .' l�.r •,� �. v;M* `i2 i:. .�i(�" 1:7'^" ' l� J � l I '�SYli { K . 1 F. ;i li tf, �(.t ,'.!1.,, w....• T:'..','.'ri.`r n. T �-�> 7 I', •J,,,,,•. .- rJ+ o by t J,1�.!:r Y i. �� .,. •,;,• r �.� },y .i:�j� .�y5 `.. 1't` at +r�•r ,r.'. � i}Yt�j ` /)(-, . 1 , f 7�'�„ •} i ,,, _'•,{• i nir ',C � 'J� ((} .f. +t.. \ - ti.a, .-' ..,. ,` •.,. ...1 'i(�;/� ,'I � r �} ,'' •'►•! f•1r1�. f! r 1. L� . _ h r r. t e r i +� , I r i :�l�h t ♦, t� �J •.. 1 �, < ,.,J �1.�\• 1 eyt;�f :i A' t " ,. - ~ y ' i ..tl) " , ' •�' ..l C ' (1 Lta•�lY ,F11 ,7 ' r Jf7 : f ! t 1 ' , 7 ;'. !! r 1 i a� I k \ e �i. r 1 �• -T,j41 • ?L .� _ � t 1 s. _ ttrf r t, - ,• -/ `r ,i �- '� r ^,f7. ram'• , ...., ilt '�� rtt'{i 'i !; t• ' i.`, 1hJ 5� r. 1 ':',,t1 � 'i J'1 �,^`;, `ri� i++, , 11 ,t r 1 fi..' '` •` , '. - ,5 7 � tilt, y, tiM t y'! ,� 11 j t+xJIJ�V"tp i,, � rt Ott � . ' :-.. •,� , _�',�� `f ' ,. �j s '?'.,� ill ,. 141, J _'„"''. r.•' .. r t '1 J� tlr t ./ >>i 5 7?,. �5 J i �f f , S 1 J t '� . . J +Y + t, t . .. " ',il {, ky I�yy I ��r,r '. �{t�•I\ ♦-•.,..� i .y}Y .j 't, it . � J .. f1: i �r �?~•i�,f.l'�,tbl , 1 61"i. its r ';..-, tjl �.';'. 1.....- 1: �r r, (•).�. •;Y a,r' 'r. br( 't�'Z• *' ,k' - �� V 1, S Y A ! -a! J t t r I .,; r; f s,.' * � t r y : ` � r•+ f_1' .Y ''{�'�y -La ;t ,y�$r 1 -,, ,Jt. r � �. t r .�.7 } s, % ,' ,t ` r•' 1 '. W i' ,fr} 4 ''!. ) ;li 11 •fit' '� 1,1' ! .T, 4 y .t IF,t, ;lr+, it �, 41`t.,/ A_`�1+ �4'•.i•j i�Ylti Yj=1 L - ;5" tf 'Ian 'i� f r�(1t�it�"h`y,'w tl �. ri `W,1 r �`�' r� ��1( �:� .r s"k• t•� , ,�> tf„ ,. :l ,r, i r, •!, 1 �:+ ,� � rZ� tF)r 1'lt ,. �:YR�t�x.tib r�r 1 �s 7 �f yc�i f � , � 1 , (. �! , ,. T} t •I •' )j;'t� 11.rt , . )r4 i .l JI'r Fi ''S1` S••r (.�:j. �..� 'I �+ L f't4 v •�'`i i , ! `_ , F., , 1 *'. i rl. 1,1� ,' �'� �+�t •t/ .' i�^1 ..,:�W t��'. �lt.„°,rfji,� , ?�.',1./ f •?^I �" if<<. ,..' ii ' l �' y'11� �. ,,. '�/� 7 r, 71'.'t _'I�,.�r�l,•}: ��} �.,r_�° •'. .:.rl' �•.fi:` ,1 ?i • `,'< ! .•'�e 1 fl, :CY, i ,+ t. � :. �, • ..�i.,,.,, • .iY , '4 : LAIlr..5t'ti� ,`•A,; •r `•,'I• ��{• s ` '� •+, i.., '�� r I, `{' it It" :'i' :.i ...�r`71 - �'.:.. .=rf ,/ Y 3 R• „f, i��y. �: t+i'S w''• - l 3 L1ri' Its+ 1 r1E'�. Y! i t-' Ali^Z'1 C, t dl, u x ;0' p', 11 z� - f A. •r I1 •, c2 �'yi: 3'.h, * '. ^.Yshi.r.:'e.(f,. :_....}. ,,, ♦ ji 1, - ✓d @ ii - i .4r � h `4. t .i• .t:,_ `` r �e.o p�i+ ,c tj,.r-t♦�r11 "l' '�;l t�`� s.'i�`r' ll f_''`., =.y + r. it". �`1 �i J •i ..' .) �• .�:'"OC` � •.� 7�.5 1 , R,.�.. j j, ., t. '.i.i" ,'.'...,. i:' t•tt, 1, 4v..'' •.1,.- ' l c. t. i.; >„ 2( �i.., �.� :t.w '-1i�i�.r,. .,.'. ✓•) 1w^ _ �" i._.. �.. ;�!.., fi•i� t; I�pgr�(y{r,. t.t Ml� r 1 7M 1fe j•� - p p. ,'_, ! r Y :,-;� Ns :Yd` i4ti6it;rararr.�l»�isi.?,/CCrali�sa...._ •.:.,nee.':»�cY._ !i<S Y'.at1 w ua 71� :.i ..=,.5�: s; S�.r,.:'►Y't.at�caww�trrtrier 4' l o i .r Or." Bunn 44 uuY t a 7 I t i •_ 1 i ]' i � ;r the parties hereto have Cauesd t .a IN WI TWO WH �0Ps On�'•1 ; these Instructions to 4 duly executed and delivered by their respective officers thareunto duly autilorleed as of the daL•e i J�' Chest above written. MUP'FIN/R_ELATF.D PROPIMTIES-I ti a California general pdrrnr -, YYto . } R~ By: Gri=yin Real1ty Company -I { !, ' Limited, A CaliL•urnia Limited Partuarahip, Ganera3. Partner �t,i' �� jr i3�3 r1 riffia Realty Corp./ �� - ►� Irk, rrr, tf ; �, 11C'iiroYaia - corporation {♦"" ,ram! L 1 � } ' Genexal Partner Dates: Ob4a BY a rr ero, I t c do ' 7: r � }Y�yh �• Cy.F%rfri �lt,c rM'IY �y.5 '` Datet�• / F--r?t' �t5,•f. '•``_ cc President,'' q}; CITrBANK, W.A., 1 .. a (� Lf+i., Date: w� BY i . ,�fri" . k, I , Hugh R ns�elSagti, , ►;��. 1 z nice president g;�' :: i?IRS ' 8t+ff�tICAN 'CI -ME INSURANCE COMPANY, an Escrow Agent R rro-;,frr�lrhl 4 4 7{�i �' may• i r5• r; T!W. RF.OEPEWPHM AGENCZi OP M . r is }, � ��►�`'"��'�'�!� r• _��' 1 �':�Y i.ZR.*3c 42 9MLt+tG'I-oDl. 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R y i4 f ` c r Y R,�, ,r•fI .r + r t �. �hr��f1# r ti) is �J IA:0 + NOTICES OF COUV T ACTION y r c _ J rt IM 40 s��•,4 S !...JJ�f -i1 fLrr - t r ri tir t t fit. j J dart h;R ` r r' 0 ! rt ��• �Ftr}tt��+�: t i. . it y� _ ! 11y �r t ] a '7 ). • s 1 ��kt )it'• JJ :•tr�tu ? i{��i �a�fs rx�ti�� t.�t: f J1, ti [ �t.trt,,`K'�ttt�:h 7 y r y�lr! f `Jr � e> i i t t+il ,+A�rfJ 'ri`y f� ,r� t i +1 r�r s7f�L-st, tl�frf ti biL.'t'iS v{j�ll �,Z{:+I,�t xtiy+l. .i r4ye'.Y..f t=J f •r r� '�-i..{7••+r tali } r� rll.1 S +t rr �Sr1J�` t.l) f'��11 ,t (+ ,ti r'r17'1!1�..» • 3'�.: iC' ]' `i J 1�.2+t ii P li :r, 1 �t.J .F tI ty'� #a ,{Y t Xi 1 !'•. Y +• �Vr l� ti�. S 4j a'it I bf .7 tfr r ,'� i j� -Trd 1r` r 1f,f•. r• a � �I h ii t i,J � r ,i •` �1• �h , Q'� j I S •�Y k , � rJ ,��+tr l<i. 1� v 4J +r , t y Y` a t � i VT..✓I`5 ,l f � S 2*r ��" � f A � t 4 tr :. rr Mra.. i r r , ! t �-e Y � i r r .y w r t}[�,�tr• ` '� } -1 Af �>h�. ihf�rr.f+ f L �17! r j+-�r 1 t jet n3xb�t {ftJ,t�, f S•E y�„ + f •. t � ]*+ �. r .x I•. ��1 t F 'tt ' r-A" y, r! `�s�lA r,�s ��< � � t' � r. F (>� 2 Iti'J,aA rt r • rt�� y isI�< U� S �� r ,tea{4`ry t y L J ��it y. f `,� r7 f. lri'.+ ' "' 4�:i� „t�•� �..1 L`� i f •+t y i ! ,.� : i 1 rf , i :,;!• ,. i t i J _i er. r r r t.' xr li' `f'.! ►} t I j� tit ,.T �, rr [d��r��;;" r• «•``T�r1r � �r .Ya' i, t'i'era;7yi4'i f f r k•t��{":ru�t=ah�Lit.` �y .. �t l; .,�� • �r1 _:;L+ r r1./Si it i t,a Jt *. i! ' rt I jS� 3•�� "LV ',r ;+?' tf C.��I•'r, F,l'tis��y_rt� 4 ,..lr j r., .. s , 4-:�� :` 'yf�,., .i1 fog:_ S fr•FTI ,(r� 'Is;r rrl �c: �i�}. ri ,r �. *•'y 7 Lt.Ja ii1 ti` �l r, r', I . G4. '� ,M r,rs,iit:. i y. •e' t}Y if �i 'y1.i C.. }�; r�}r'ti Jx �+r. tSif+'�� -'t,. *%� i l�. i tr r1 .j1 yr 3. Ir �r��•. WI —A "r4J f ( l+ J i �4'.l tlf e�i:,�(' f"[�1••, J iya, y ifajlI 4 + �r. rrrf :AI v i i�f 11 l t ` rX Y a\ _vj:•i .1 ti;. r 1•' i<f f '�,�'C 1 i ! ff t 1fJJ ii, �t 1L ��}`�iiJ Y��'�-JjiT .Y,,r �:..a` JA�r.r r t�. r ^✓<�.r •`•i'{i ' r, r "" ` �,� [ tJr`i+ J J mil•°J+� H 0 st, 41 Ir A YIt i r LAW OFFICES OF Ij JON R. STUBLEY 14101 Yorha Street Suite 201 &7 P.O. ;Box 1380 3 Tustin, California 92681-1380 Telephone: (714) 838-2555 MAR 31.19871 Receiver .5 6 7 Xz 4-, SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OP ORANGE 10 12 13 CASE NO. 51-51-55 14 15 X-M EQUITIES =1 16 PlainLiff , APPLI CATION FOR CONFIR14ATION OF j0 17 vs . RECEIVER'S SALE OF "PROPERTY", AND 1.8 PACIFIC HERITAGE DEVELOPMENT ORDER THEREON 1GROUP, RICHARD SCHWARTZ fit I t, n 6" 19 GUARDIAN ACCEPTANCE tN �>;;I�.I��N,�;,CORPORATIONO JACK THOMPSON, 20 WILLIAM CLAPPER, AND DOES 1 through 10, 21 i Defendants.�,r ti{x . era,. 22 23 JON R. STUHLEY, the duly appointed, qualified and acting 7* 24 Receiver in this matter, respectfully represents: OX-31, V I 25 1. On March 12, 19870 this court signed an order confirming � 26 the Receiver's appointment and specifying sale procedures. A true , 4j;44i 27 copy of that Order is attached hereto, marked Exhibit "A" and Mmi 23 incorporated herein by this reference. 3IX Y" WW 679m, 0 41�i 0.f ew; I - I, Ij zel 1% 'Xi,_w `2 "or —2 -4-Z ilk its r oo Vt. jo • w 1,!. v 0. r t0, . IIIIIIII 7 g75','r If t� '11 rr I• -t.�, fir. ,y, :� YItY'.d G (�{^�+ tAN f k 1 }}t ':17 r t a! 1 x//��i ••x '� � '•!• Y 7 n+1,�,� if '� 1 !1 I r far, J,V �� •, t !� Fj !k �i. r r 1 t•. � - 1 r! .` 1. ;+V R.L, ' tiw•'. ,�. � •• '�y7. t � �.:. Y� .• •. k'w{,(, •t 1'• F�� r�'!j r 1 ..7 � I it• •r,:•' F "'III f. r••Vr` , •�',. .a1. , 1 I .. �'.. .'�' l,ro.i�,,�, �i,rl r� „: �'... � ,. r,M1. `it t} �, �� , fib ,yg.,��tT,'Y'�Y�, � :.� '��'�:}• }' � Ir r1 in��: .�l 1, ` , >r_ .l.,tl r� 'r '�i�j'!T"}�;�''`l�, ii� 1 ' �� r ,1 !: °� r' � 1 v ,� ��(tLA .J 1 I., �J�'��L.1 �� ;yr; ;•)l {,Id Y +a{I•! N. i l ,� ,, I� 41 .. �nw. r .. y,3 a• kr7A tri�•r 1�, .�.2.dr�M�✓ AT Jf.t Iz,' r OF i �'• Y I ,�, , r w' 3 .. , •. ,�i 1 2. Pursuant to said order dated March 12, 1987, the Receiver 3r J � YtS } ••F t'� }17•w 2 �'"" OW 2 gave written notice of the Receiver's sale scheduled for March 26, �{ °',��yy�'' t �( ' rI l a �i7.} 1, r , ir 3 1987, to counsel for the partL s herein, and to all!potential 1• ^`' t '•1,;'�' Ay,,7 ,. •,"$ �_! �• rvk' {;.lT ,I li: ti I �.,' #} bidders ar. identified to the receiver b 4.00 P.M. .it`s y .M. n March 17, �:{r) I��1 o• r r� ' �}% r, � •i yr' � •, _ tr + 7 5 1907. True copies of the Receiver's Notice of Sale and proof of `` ` t t r Y n � r y ' ""'a ��.'. �C, 6 service are attached hereto as Exhibits "B" and "CII respectively and incorporated herein by this reference. hFCt ° 8 3. At .the Receiver's sale on March 26, 1987 at 2:00 P.D1., 9 the highest and bast (and only) bidder who was willing to follow r 'fwr the bidding procedures and the Court Order "property" P for the property tr• fht;�`�,ta. 11 described in the Receiver's 21otice of sale and this court's order dated March 12 1987/ was Charles River Properties and Griffin I t 13 Realty Corp., a Co Venture. The price hid was $475,1:,)0.00. A 1,4 true co of the Receiver's bidding PY g procedures, signed by the, r<r, l5 succesaful bidder, is attached heretoi marked Exhibit I'D" and 16 } ;a incorporated herein by this reference. 17 4. The"Receiver recommends approval of the sale to Charles t,;F r� A :, r-•,1 sir �r+, �,��,y �, r.,-: 18 River Properties and Griffin Realty !'-*.irp., a Co Venture and 19 confirmation thereof, at a price of $475,000.00, on the terms and iI3} j � - '' �� )lI.' � r , `i i�' ,� �`F r}� rr J • 20 conditions as encompassed b this Cour : s Order dated Y ' March 12, 1 ff 21 1987, the Receiver's Notice of Sale, and the Receiver'a bidding ' Ir �•� :�+1r�"r�'f {�kx��Y�gr 22 instructions. c 23 WHEREFORE! your Receiver prays that this Court confirm a sale ; p`lk;kx,s'��.�,i��'�'I� � -�•, ; J' �rCttf ° • i+rtJl ,"�1 t �; # , 4 2 of the " property11 described in this Caurt's Order dated March 12, .1 2 5 1987 to Charles River Properties and Griffin Realty Corp., a Co26 y tr. }}pry'' {t�`I. ,• r ��:� J. ��r 1'Z4� f yy'' �i"- ' i1Ti'j•j�'i��yj'Mr � •' 1 1{{I' SyI �M1 i�irP l\Z ylW`.. 3J, Q � 27 z'' S 28 tt' t f IF r t�lpl' . i!\l�',/.[��-r}?•. ��iY;f`j i•l Y�Ii'*:� r�l,)tii1 �{ ��'!) 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'.N ti. .X,. ^�-i?,. j,, , r ua�,C],, .,�;:,. r ,,•r.,, y,-% �- r i• `- i , .'• . ;• -'•'! � •}n .i +1!}• ..r n,., �r, aJ."rL_, ,rs .,. .,.il ,.1„'♦�)„ .::'- •..-1':k•12�-.:r{l?..� '� .-•.. .. r, :l.z'• - t�--•t Sri., :. f r1.' ,?t tt'ri rJ t� - it 1 tr "•F f tr -...{ i 1!J-1Y' :[�, i „�.11 M•l.l. .il.. � �v,r�\ ,et ... Jr. . •. t' '1 •1= :, ,l .tl ,�,:•4 '�rt ''i �` :tr: WM u J� . U!i4y�• ys• �� r- I. •,x '.V. _JM / ,rl .r : jr A` to Wm '10 13 14 15 16 17 18 20 21 24 .2 5 26 27 Venture, for a price of $475,000aOn,# an the terms and conditicils as encompassed by said court order and the Receiver's Notice of Sale and bidding instructions. Dated: I -larch 27, 1987 zrz; Jon R. Stuhley, Rece ORDER IT IS SO ORDERED, this MAR 3 V 1167 GRAY L. TAYLOR Judge of the Superior Court �' r+4. ,rlt � � ,� rrlr� . TY r t ,'� 1� l.'7.} ) � �i �" : !�, Yt;jrsj 1 ; 4��Y Sti Jya. r•,�1�♦ rFa +"^ �� a r�J�j�� t X lid t.y 'lv.�' xfo AA 1 4 ij. ftAt y i QT 4 71. L _1111 A t , : .. 4 1,7 q 7 t I 7 yr X. r4, t j!, 7,1y -1 1 rny V 04 . vl IrLk G. RIVINti PHZEIrp M. 2 AUTAN & VJCKER Central Bank Tower rf{ 3 611 Anton Boulevard, Suite 1400 ��L� Costa Mesa, California 92626 4 (714) 641-5100 MAR 12 1987 7 5 Attorneys for Plaintiff iS QUITIES A-M L GARY L QWNgU. Cvmiy k4 7 P", 40 20 12 13 14 is 16 27 28 19 20 21 22 23 24 25 96 27 28 SUPERIOR(COURTOF THE STATE OF CALIFORNIA FOR THE COUNTY OF OWWGE A-M EQUI-111val a CASE NO. SX-51-55 Plaintiff, j ORDER CONFIRHIJ;G APPOINT - PENT OF RECEXVER AND vs, SPECIFYING SALE PROCEDURE AND PROCEDURE FOR APPLICATION PACIFIC HERITAGE, DE17ELOP14ENT OF PROCEEDS OF SALE i if GRO P, RICHARD SCHWARTZ, GUARDIAN ACCEPTANCE CORPORA- TION, JACK THOMPton, WILLIAM CLAPPER, and DOES I through 10, Defendants. This Court appointed Jon R.'Stuhley of Tustin, California as a Receiver in this matter on Pehrua,,*y 19'. 1907-1 upon the Ex Parte Application of plaintiff; nald Order Appointing Receiver required defendants Guardian Acceptance Corporation, Jack Thompson, William ii. Clapper, Pacific Heritage Development Group and Richard Schwartz to chow Cause why said appointment should not be confirmed. The matter upon said Order to Show Cause came on for hearing before this Court on March*,12,, 19071 Ira G. Rivin, Esq. and Philip 4. Prince, Esq. of the 1A.4;.ftim of Rutan & Tucker appeared as attorneys for Plaintiff; Richard D. Blum, I Esq. appeared as ;7 -I- V, V"flp , o 1'� , "o 'i*i,,,,klfl��,).�,'�ir�.�,,�-: x ylg Q tti �S � 541 IV. j'- -;dy --j 4 P, 'A k j 7 4 ;, r` w.i!rx,%'lj .:-J 1 .,.>ri; J '• }r {�i `'l� !i .t•�� 1 t� '1 t4 { � <'Yi. ^;. t r ' t 1 t1 t ri � `4�`r / 1'•) ;r r.'i a, �t ► r, a ty 1 1 Y,.- !)i'y�r"` „r}t _ �'� {.�!} ij Jl r, i {' r` ' , a�'1y�t�v�t'{r�• 1 ' *{� •4I" •� �► a r-Ift rt ,,, r �1 pprt { ' } .'r r t ` t , . 1 . , - i ! ",� .• +1 + r rf ,; a !1 ` ,' .t, 1 •:�`;Jr ,!'5.11. i 1�+1 1 '•t •C:+, � { ' ..'�1 � F—! a1,I.; 1-... { r ," �i < 'a .'l i�r,. YS--)�. r1r !. l i ,, ,-°•, `•,'I, :,-V J Ir«� fl.. f 'yrti tir}v,j,lay fit•• �t-,� J. Ir I I y �r �r� 91 _,e t{ {`. �!f }t• {,'r IJ +i'r �Lj` T. I VJ {r `r i)'� `^,t"i;'a%r ��y 4� .5 Y! yn ,:.•..S 1 n '.r _►tr; air•',:a` .cr ' c ram:. 1 l i �� t' r"'rM, I' r �. ,'++ l�'�i��,t'`.y ��1@4}:�,s.�":.•�r/'�. r * *�>••rr(n.�_a�;'¢{�t�xs':..: j] �°�"'' .# 1 ', ► 1 ' � YID .; Cor ovation, Jack attorney For endanta Guardian Accep t P r t 7rh °"' ,�f� 2 Thompson and William clapper; and L. Doug]aa groan, Esq . appeared L �i r •lr't,��(i►! pp .. i cY, J r or defendants Pat.lferitage Development Croup and lx`� f�Trxytt�Y J r 3 as attorney E S, ,{, f • r �1 / i apt r ` r } ,},`Tr/J!�`,4 • , i } , ��1 .• 1!+ / 4 4 Richard Schwartz,15 b. �•{'1 , '`� ' "�~' '� it is R�ere y ordered that the '� •^ ,#w�;�-;�" , �'; ,', . t , ''► Good cause apg,earing therefor, �)rp 5 Stuhley, Encl. as a Iteceivex V f, G appointment by this Court of John R. r is hereby confirmed. r{ in this matte IT IS FURTHER OR that: N , -»,,is ].., , On March 2b, 1987 at: xs00 p•m•. at the law Offices of a ,� 9 California Suite 201, Tustin, 1p Jon R. Stuhley, 24101 Yurba-street, }' and following notice given in the manner provided below o zr 11 9- •.. R " and all prrospective bidders, the Receiver will offer for sale, 12 any ub ect to ctonEitmation by a judge of the orange County Superior 13 s j r, „ .r• Court an and all rights and/or interests of the parties herein,, t 'r} 5 as artners, and of the partnership itaelF�•with respect to the �. 24 1 p t } ♦e project located la ,development and/or ,constr,uction of L redeve]opment 17 adjacent to the Huntington Beach Pier, as more Fully d4acrib�ci n +• �%: ' '�' 16 paragraph 7 of the Complaint • in this action. , ivan by the ^ �� 1' `F J;" ; �`,t „•fy 19 2 Notice of the above -described dale shr,11 beg ,1. w a �. ;. 1 20 Receiver, via express mail, to all prospective bidders on March ' ;r, `'rz� ,1�� M+� Y• p y biddin Ja' i Y .'4 ♦ n.,, �, i y r' , otice of the Bale shall be accompanied b 9 ' r_yw.; , 21 18 , 1907. N i t � C' with a �'1 +`► t+`fi'x�j 2 nstructions prepared by the Receiver in a manner consiatenk w ,1 t^+7r. !+ J A}} I� A at'4']�L y order. The Rler_eiver shall give such notice to 23 the terms of this O 9 art to this Action as a 4 i 24 each person or entity identified by any p prospective .. desiring to identifya F 25 proapec�tive bidder. Any party g 'r , .y';Rst` ''►� bidder must provide the receiver •with the name and street addL'eR$*,� .i. ` r �r'v h':'•7. sir ,.� the ros ective bidder, .in writing, and deliver ouch writing to',, a 27 of p p parar�:rah 1 sr... �p the office of the Receiver, at the address set out in P , ,� `rsf -2- Y { ( Jr ` t ' t ,. t ' } � , 5 : t i r� -� 1 t r ( ' O •,1 l { yt .i 7 ,:? ti Y { � xJ ' t'1 r.i t y y � .� J"+• �1♦ t+ , L« ; � ,r t • � ; , ram t�' ,z r L try �' i i3 ' i .r a�: t ?t r { 1 /' i ♦ rid ♦ 1ry: , i *r, r w a tar t ' ! t� r r. r + r -• ., 1 , { Yi'' , '''C r `t` ,r. , `'a+ ,{ J♦ H I. �� • ,,• { ) ( .L 1 ! �', . ,It .ti4�,#� '}• { t�`'.'r%i , � TJ 7{- ,,f r ,�:. ' „�11 5" n,. , it {,. ( �'�� {P:!, CR#,�1, i •tSStr' •l�Jl�{yx}. //�Y ♦ri ,1 ::r rs �.� �r y f K Jl,�l�sllf r �.'T ,,t/1 i,' 1��`'�lii~J + t I r"c�L��'i'r' i • . '► J1±. Lt r Y^+ ,��t t��7� I•�,1 `_;. f1}�,'',•,' Y i'. i � { �.J t t�.. wYCIy�^,;{t' ,f' •� 4�li:l'1 + l rr�.,r";=t'�fa• Y. l`ri4il 1 ly e# r :t+'� •1�' '-3 T' s:.`'.. .. Li ., I .. ,l ,fr tj t ',t,T! .jrr:;i} ✓,fir ;� i+..,: r'.,,. �/►t j5 . ' Ly .r 1 !i t U � r< . I yk, Ar•Y L.. jiff j,l,iSU Ai.:., ? r 11 , j 1 rt „r r.•, ,s�. r.Y 5t � rr; �, a /' ,} , r �, y t" . � c . r� t s3 A, • t r f <t+ a T.S , H ♦ ,y '♦,yl•. 6 `,:%4r/tjr 1%yyt.;. rt t.,}; t 1.,Ti.r«f x, f`�d•k si, .1 r• {i 'Jt•r� i.rl't} r. t'f a xr �'":. f L.Yi,: l'.�rKI I../i:f 4`u Aj',j4 '`'!� Y.'r '„h i 1 YR .1� 1 •.. I) / 1Sir. art Ir{�! r r a�''Y rlii ,�} rft{t JJy1t, )�tyr fit' t,�_I`/ !, ... a.f �ix-?L J�,j'., is rJ!{ ',{�.•'rl tt {.{'{ f•}�. ) ?titt� ) ;`:"k fA�' { 'i, ij il:�' •'r: ' it�, ,j:'�'t it ti'.r�'YlH;ti.1M�'++. cr r `,If•`/} Mr��t , " aY.. 1 i..it'•tit ,rir>`ra ',Yr i'>; { + Trl -�{'/y F „ Jx i F 1 r...;�1 .ts ;It r :ti. "t,' J.,{ �"+� r, )' -.„ t "� ,N ,( t `5 ,yam.,, r 7' �, �{+•,•� y1` . i,{�Y'. ,�J �� 1 t , . '.� �. r x{F�'-1 t."•♦ r •i� {' i ? 7Jl fl . .. {,,},` .'ti;.t •.Er,' „ j} t : � { `�, " r r 1, ti:�•', ti t j tars t.JYt. +<' I ' �,{ •yi, � rl.'.' t , } ':' � , ,.i, / .tj �' , , y r,:, r- S , , -. � •�,�! ,�ri �?tir t .: L -r4, n :;t„4 _S' i a 't,(h, !{iifta..ipa.•;" "�i0 v': '1 {f l-:. ,;. 7 ,.5 t •;1' � �• S't }.i..s .. e..?.f .r 9 Ir rr !') ' ,r ) a :•.ir9 ,,.,f .r ;}:'r al.�•r•a { .t � fit,. r! z� Fj' r '{ �t{• �'�?'} iY•i.r•v 1" ,{.. t..,4f Yj ':A,.i`�, �'�, i I ,'1{r�'Jrt, ✓, , {; �I,: ! .� 1�'„...,�� :it �'•�•'i.r. r rnr I. Y.1tlr-,tiax t. t )' y yr, -.:... ,. 5't ' :...,' ., 1. t{� :' 7 .:.lA ('.:. 1 'M 1�.6, s, i}4'i J•Zr'r.' � • .. r.•.. Y. `�. '1 Nl.. �}'13• • { • .,. °iw 4 i j sI ,� I � �,- •�'. � � ~'. .. .. ':.1/ N ,'..,.� 1 ) iv. aOF /O; r'•�ttr ,,, ,, +< f,' _, ,y'-" _.:i+..-:� �!.`;.. •:: , ;. + >"< r?,. r.;'' .'nJ a:. _. ,9` �✓ .' ,,. �`- ,y t�.` ,.y. R •.i ., . �t ;'.{.» {• ,, , a �„ !.:t t1 r a,-'�:,♦�F�i,'.•t�'+ tikf,,,. • a } r r:L r .,.�' : !+ � ,i•. r' t,r+� .s:� r ,,r'tt �i .4 � t i5 r• IQ . -W I i I - -�. M U� "4-M '7 1, I Ij '10 V A X4 4Kf - tX, 1P0Q"11 o i'I l t NY I t -, VJ'Af 41 iA 1 1 . Mw o w1 -Jr? above, no la than 4 :00 p.m. on March 1987. :L • 2 3. At the time and plac e of the pale described iir para- N>1 q 3 graph I above, the Peceiver will offer the above --described person- , 4 al property for sale to the highest and beat bidder therefor, ommendation and confirmation by the ?M15i .5 subject to the Receiver's reo 19 6 Court, on the jollowing general terms and conditions: (a) Each bidder, including the succeftful •parchaser, shall have deposited with the 3 Receiver, prior to the Uddingr an amount noL no, In the form of a cash - lass than S20-000. P- AW iny's check payable to Jon R. Stuhley, Receiv- 12 ar, which deposit shall be applied to the 3.3 total purchase price if such highest bidder sale on ,the Court approved terms .151 ' and conditions. 11: a parElUU14L 1JJk%A%A4--It 16 the successful bidder, ithen the 'deposit made ssful bidder shall be 17 by'auy such unsucce promptly returned to the unsuccessful bidder 19 by the Receiver. if the successful bidder ix 20 or refuses to complete the transaction M within the time and an the terms and condi- 22 Lions of the Order Confirming Sale, then the 23 Receiver, on behalf of the receivership 24 estate, shall retain the deposit of 25 $20,000.00. 96 (b) Each bidder• i3ha11have deliVered to the A T2 27 Receiver, prior' to the biddingp,a current gal financial statement of the bidder and a -3- pig 7 A qt, t 7" io, J �4 1f+i0 41 0 L't '-"Ar+?J -Ae 7 TQ'i 7 io r I 'A - ---- ------ t 01 V"! 14 ...... T .1 y Op 1Y d eo. led summary of the develln.ent experience, of the bidder, rp.flecting the ability of the 2 :5F N. Kit bidder to perform the conditiuns prec:!dent to kA.1' 40 t��f WtUl 4 pay i ment under the bid and to complete the financial aspects of the -sale in accordance 5 with the bid. 7 (c) The minimum bid shall be in a total V* aggregate amount of $475,000-00, payable in installments and subject to reasonable cbn- 10 tingenciee acceptable to the Receiver. 11 4. Upon his acceptance of the highest and beat bid an t t 12 date of the sale described in paragraph I above, the Receiver 11 shall provide notice to all counsel of the terms of the accep'*ed bid and provide them Ath a copy of the Recalver"a application for 25 ronfir-nation of the iiale. . Such 'notice shall be given by messenger 26 to counsel for all parties on the day following the sake and sh-311 17 state that: In the absence of written objection filed with the .18 court and received by the Receiver from any party to this action v tsar 3. 19 by 4:00 p.m. on March 30, 1987, -Lhe Receiver shall 4pply to this 20 court for confirmation of the sale. in the absence of timely 0 21 objection (as described above) to the sale, such confirmation 22 application may be presented and coa firmed by this court ex part: Oil 23 without further notice. 7(9 IT In the event any party timely objects to the proposed 0 24 -4 25 confirmation of sale (by filing and serving the objection so -that 96 it is received at the office,of the Receiver by 4:00 p.m. on March :1 4% I be h hearing with this court ut, April 64, 27 30F 1987). there Bhal 98 1987 at 9:30 a.m., Dept. 21; at which hearing the Court will -4- a Y A � pnI9 1 7 V1. i AN 1. 5 1 A4 i, i i? V IT" ".'41J}. - , - pt.-ed on for nenger shall he Lion this is parte _i ��.t� 3ed •that March 0 17_ I o. oo7r I I,, 4" it A A7 t To wu=. either confi or deny the sale, All prs to be filed in -Jo 2• opposition, to the sale shall be filed with Lhi:3 court tend 3 delivered by messenger to all counsel and the Receiver by 12:oo IV 4 noon on April 2, 1907. Any responding papers nhall be filed and 5 served in the same manner by 12:00 noon on April 3, 1987. The e 1`1'""`,1 tit ,of, 6 parties are not required to comply with the provisions of Rule 504 7 for this confirmation hearing. u a 6. The parties to this litigation, A-M Equities, Pacific 9 Heritage Development Group, Richard Schwartz, Guardian Acceptance 10 Corporation, Jack Thompson, and Willidm C. apper, and each of them, 3.1 1 are ordered and directed -to execute any and all necessary papers 12 and documents to effectuate any such confirmed sale. In the evant; 13 any party fails to comply with sunh obligation wLthin 40 hours of "of! 14 being requested to do so by the Receiverr then the Receiver is 15 empowered to execute any and all necessary papers and documents in 16 lieu and instead of said party. r 17 7. Following confirmation of the sale, and at the request All. CIA j" 18 of at least one of the parties hereko, the Receiver shall apply 3.9 all, or so much as necessary, of the initial deposit and other 20 monies received pursuant to the sale, to pay expenses of the 4 21 Receivership and creditors of the partnership or creditors of the 22 individual partners to the- e-- tent en, obligation was incurred on 23 behalf of the partnership. Such payment shall be made by the ��' ' sf,, R4 Receiver after providing five days written notice f)f such request 25 to the remaininj parties hereto. In the event of objection to 7 26 such payment, the Receiver 'shall determine; in his sole discre- Tr i.1-1, 27 tion, but subject to further court order whether to make said 28 payment. n -5- A;'o A . •77.1 rf :Ft,7, K 7 YeJ Ri!�i - '!It4 lf1I , IJ _;i i, t_; j.' , A V -.4 1 4 2 of ZI1V-,',,-�4 ft. U" 5 oli iv r 7 (NV, J? AV, 74; pt.-ed on for nenger shall he Lion this is parte _i ��.t� 3ed •that March 0 17_ I o. oo7r I I,, 4" it A A7 t To wu=. either confi or deny the sale, All prs to be filed in -Jo 2• opposition, to the sale shall be filed with Lhi:3 court tend 3 delivered by messenger to all counsel and the Receiver by 12:oo IV 4 noon on April 2, 1907. Any responding papers nhall be filed and 5 served in the same manner by 12:00 noon on April 3, 1987. The e 1`1'""`,1 tit ,of, 6 parties are not required to comply with the provisions of Rule 504 7 for this confirmation hearing. u a 6. The parties to this litigation, A-M Equities, Pacific 9 Heritage Development Group, Richard Schwartz, Guardian Acceptance 10 Corporation, Jack Thompson, and Willidm C. apper, and each of them, 3.1 1 are ordered and directed -to execute any and all necessary papers 12 and documents to effectuate any such confirmed sale. In the evant; 13 any party fails to comply with sunh obligation wLthin 40 hours of "of! 14 being requested to do so by the Receiverr then the Receiver is 15 empowered to execute any and all necessary papers and documents in 16 lieu and instead of said party. r 17 7. Following confirmation of the sale, and at the request All. CIA j" 18 of at least one of the parties hereko, the Receiver shall apply 3.9 all, or so much as necessary, of the initial deposit and other 20 monies received pursuant to the sale, to pay expenses of the 4 21 Receivership and creditors of the partnership or creditors of the 22 individual partners to the- e-- tent en, obligation was incurred on 23 behalf of the partnership. Such payment shall be made by the ��' ' sf,, R4 Receiver after providing five days written notice f)f such request 25 to the remaininj parties hereto. In the event of objection to 7 26 such payment, the Receiver 'shall determine; in his sole discre- Tr i.1-1, 27 tion, but subject to further court order whether to make said 28 payment. n -5- A;'o A . •77.1 rf :Ft,7, K 7 YeJ Ri!�i - '!It4 lf1I , IJ _;i i, t_; j.' , A V -.4 1 4 2 of ZI1V-,',,-�4 ft. U" 5 oli iv r 7 (NV, J? AV, 74; � 7 ., •';. .:• .,';�.'' ) -._. •, , SI �f 11 't. , 1 '� , S1h. tt fly"} ,� },,. ", 1 7i,"t{ {f•i�'tt, r ° -''i +r �i ,, �,�r ,tt p�� '<i;k'i��M, r,, r 1 vR' r �'6',l,� '�, �!� 'k ,)i 1�±' � rZ1 2 )/ J ✓� «��, r�� ,, d � ;i � - �Y „ ��is r } � •t` T ��' i �. •�e.a.r r :l'1 , 1.'a ` i.' s y IrJti.. v1 �s..�.l..°' y l h ( i . , S,f, )'RRtf,i t e r� l J { ,,= it} 'A r i ,._ , r, y• r '' ' r � `Ch ��yy •f/ r'' j ii �' y r" y; 1 t Y t � r+• I 1� ti 2 1 "rr,� 1 jk` Z +r ��. 1 1fw , �w, ,t;1 7f��r.ir( �7 ;� � , )y - •i,. {• �y�:� r� Y%r r,��sgg:r �': •1�i�" i` .. /lid •',�.� y r � A:+ � :, ;},• y,, '. f,.,� +�� I � r / �r�'I. �^:. 11 �{ � �' )�,� r, i '."Y• 1 .i y F+' At� 4 •,�'1, ;�, r�� . ^' Y •+ 2 r {,, , r, i 1f �..t • •r L'lr�.�ix+.`9 �,.: i.�� •" ! � pf •, 1. l h r".o•rr,. r t rT�.arwdf✓ ::xt tLCsr[r`r j4,.L, t r J Ij ti ecet��ex ie acting_ in hiacficial capacity herein, " 1 B . Thr,; i 4 •�;:t+� L r enforced. �t!'s;'r'�t►,'�t� �" f � 1ri 11 be sought d k and no personal liability against him shall ..� �(( T 3 in the event that the Receiver fails or refuses to complete the :,arl r+(rr'�••«},flit Yi,., ,frir, �`•,� a sale transaction for any reason, then the responsibility of the �,. � •'-�� ' JJ t'tR +i�'•r f1 1 it Receiver is only to return thi. deposit or other marries paid to the 1, , � { 4 ]'.tk • 6 Receiver by the succesaEul bidder. �• �'!`„ "'''='f� sr" � q g: The court reserves jurisdiction to issue additional !4 A licittiOn and •,�' �' St' orders as necessary to further specify the •app r of 9 distribution of proceeds from the saler the rights and ci'�ties r+ �* 10�' the Receiver and the dissolution of she partnership. r� 11 GARY L. TAYLOR 12 DATED: March L; 1.987 JUCE O THE SUPERIOR CO R7' "Al 13 t. 14 4,1 4 �jR iv�y3."�f ♦�. ... 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I 1, �j - - � � " -.. — - I - '.. -1 1" I - ),,--�i*r�, I kave rod the fornoins . . -,, , " , - , -J'�,-e-1 � �� . ".- , . , -,U414, 1-,-�, �,� , 'i ,-� -- - . I 11 1:' -'L'L"� " , - -- " �,�--, ", � , . , , C, &.-.--- -, - , , t "T T *"-�-. f -,., -, .,! , � -�-----Shd ina'. Its Contents ., ') " I - -Jo)'� k ; I I � , t I - � , - ", � " i --. ; .�N I - . % - .y � � I * , j�, -,%"� , , r, - -` -, -, ida � - � .. ,I , . , "Of " . . I '. I I � V I i , - , -- I !# - �. I " , � , , 1,� . -'11 . APPLICANLE PAkAOFLAPH -. - I I , .4 i & , go CHECK . - ,') � .��,�, .1 I �-,�., , I �1, -� 1. , 1. 1i . know$444 Swept 84 to AM 111111M WW� " "., , - : , ,, �.�� ", ,-J*�,'5,�,% , '. . . � - �', 1:1 �i V - 'i ch wc ; i''. ,- . -, .1 . � - ?I - -�j I 11 1. � .. ,.4. ) 1-:i� , t " -: � - - E) I am a piny My 10 this Snion. The matters pUtsd In It We vue at my sun .� .1 . � . 1. I 'It "I', -o 4- - , .�,-- ,--;". .� I ..'I:- .. (�, lz�-�,',,�� ..""', �i "...". lhi� I , ,,, , .1, I - �: -� " � , , f "., " 41 �,., z � �: , 7 I I - - �-,- . I , " I -. I ". * - - -tl --- , 1-1 % I I . , I , 1� 'f.�J,!�,,, j ; �, .- motion and btlisr. sad as to those Ws Iris I 6dic" them to 64 trut- � I " --'. ." '. 1.1. ,,,, .; , k �,". - , auted on into �'11"11 .�; . � 1, , -,0 ",.I- - r__. I' : ,,� - - ".. , ..'-, $ � , ,"--,,,, ,,�- t I t. � � ", '-, �.;�- � - :r,;" - - �`-, � i --, -., - -_,�--! - � , , , " e I .,; - ., - rj I am man CWwa Da psrtncL-�Ds - . �., .,: 1-1-t- -�-i--- - �' LA&'_.'-�'o-, �,.� ,; , .. 1-%1%11 ... ;4-- . , . - ,;,I�,,��6""",i�,,i.�'..".,��,-�'.1 '4� . 1P � . . 4 1 . i 11 I I : ! ; � : ". 1� I I .. " '� k"k, �f -', . , ,'o -,,� �,Ail, ,� ., -alfication fat tha ,,, ,-t- '- * ,.- , , j� , 0,:- . �, f � "4 1. � � j,. 1� ,,, ,,, � . I inakc jhli % ., il, , , - - � � � - -, �, � I �. I - , ,,- , ;� .. , 4 tr; I - allon rat and on ju bMI1, and I 1'4 A,- I � -I' ---� I � I ., , - ,0.- I - I,', . � . 7,- jl.i � , tarty go this anion. and am authorized to make this verific �� ,,:�. ,;.--;,q1t., I r,i�t,,,-., -�,'*,� - �'i o I �,,,, , , . 0 ps -4 -1.-., ."-"4 . - �. -�`.-�,, �- -, ,. - 4f, - . and on that Mound Allilt that - I . , A , , . , ��'� I �,,� � 1- '; . tn - , ,t;-X. , 4,1. , " . in docui4o I Slid iftoa Ill contents. I am informed Ind klk A ,;', , ', . I I ''. I., i�ll , 'I,; tu"n. I have reed The fortio :, '(- 1'I I , " 3 ,; "fl, .", - , %1� . " , - "I , ` , ;- - . r I I -.� ", 4. I � , , �f � . . 'If "k . , , , .. . � . . ), . �A, � 14 , i ;.!-,��, --,;& I � , �, I .. , - - - ]'.J�---.�.A�, , ffll"`:'-�- � - - , , . - � -_ ,�, " "t ird in It are frog. I., �,.- ,- 4., , im Matters Ws " �, "w'.1�'.-,- � I �1-1'� . .�,- �,; --:.te'; ,�,, ", ,, , . I, I t;1;10 H, , .; , -,,11, '.j?"�. -��-,-,.It, — .".. -.'� I �. , I , �� , , '. '. i I I 1, . Pi-i .1 i--1-11- - I . , - '.. " - . 1�) '.! e, 44 1% - , " r,. (3 1 am am or the atiomys ror- 'J�:";A� -4�-,�ej.' I . . .".�4, . I . . , , , - � from she voijilly of bromAld W%M such WOMP ,�l .." , -k� - ,%-, - 4t ", " ! fw, I ,�- , - a party U WS AW011. Such pony is at*nl I.'1 � .1 - � , "" � - . , .1 LW1 effWas q -,.I ,,, - -& �- - , :k 111� have . and I make 4�' I I - t,� t'� p,.'M - - -j- I'' -- U,►-, ,, , and know ks conlenu. I � , �-,,-, - i i , X4 -�."'-!:1" .,.`�`--In rv;lri '' "-/I 't , .� i - .. � It., - .i' . , ,., ol - . A ! .1. il 14; , - I I &If or IM, party fat thAt mica. I have sad the fentiloltill do ,jPii,,i�',-,T, 1. �' �ffl 1 A, J'. 0j, vWrAflen for and on bob 't, I : ,.r� ,'A , , �.�. . I -i,r--'11- �x , 4' i -','I VA �-.-! " I �- .. `-`� � .;, - ill , - , - -'. '11, i 1.tl- "i", I ��A'li i � 11, 1� :,--.-j otrO- -, - '1� , 0 It N, ", i I � � - - �'. �)- � " , 'I. tad it If am true. " " -,;,.�'7.*.X�-s "ot, �� ; ,t f, I" - - I.. , j I -Q- " -A �- r,'r , �. �,,._,r I . , , t , - , , . -. A i � , -:x ' -� firornia. 11 . :4, ; , . I am istarned and believe Ulf on that ground ollest that &be IlUlm au . ,,�, , ,� , .1,*. — 1q, .. I - , CA j �x- , , e- 4 a- -,;,� Z"L" - - j - -,k 0 " ��' T: f:,-, "e'll! , I , �4 I , !��' ,L- 49 "I .. , -- . I" at - - , '. , , I , � _ -----" . 11 r,f --.,-, -- -. v7q'i", FA&a,Ad o. -- affi. �� "'"', � ` - 1 5 . '� i , ;�, f�'j t, �" � . . 1.�� . '. " = . 11 ; M�l I ,�. ..—.- " . � , , 'A�, I' �0 , TF, I "� , "'�- . '. , 4 , A - 1, �, . ,, , . . � "-! ,;� . , �. );� . � t .t 4 ; I .0 * A-?4,�,-,,,, 4- ,4 -.-- aim& Is true and correct, � 4- . 11 1�. , ". f� I I " T�e, t4r - � — 71 I Irl 4r 11 ." ti 1;1;,n I f`�" � .. 4�', -- - t -.",.% 0 I � i14. -- .-.,t..1.," -�j - , ,6'f.% �, I I *?�-�P� ; ,.- -- - ty of perjur) undti be law$ Of the Mail Of Caliromll thal lk& fol"all I V, � P11 r'. : I dKia-c sladn pmId ,.0 *. W'...T;;%,:-� , - .7-- � % - Q---�---,1.1.- ., �,,� - (. . , ,- � .4 . -- . '- , ! ,. - . � 1. . 1-4�- , -.1. " .� 4 , , 11 �v 'I - , ' ,� A -1 - -, S, - , � ", - I ..��'. , 11 11 , I i , � j 2:., �t 1. - , , ,;;.; , . . , I i�%- I I., I , I - - I - - I , ; ".- , I ., 1, , , , . - , , '. , , . 11 .. .is , ,-, , , .., .' � 4. . , - I , ": -, " . . ,. �'�� j +. , '.. . �'� , , � ., , 1I, d, " _ `yy , I , , 7 ,-��-: , , . " ol , , ,�., , � If ., ' � . x I , � r Yd , .. . . 11 - ... .. k I C 11. , r , W"' r,f ,'-'fft ` -� 71� j -,1P1r,1` ,, ;t �t/%?, *1 ,.,. 1 1 .��-5 111;�-, � ,�., .! � , : ,7,) 4 T, - I 11 - , , , . , � - ; - , * .- . , , , r �� , , " - ( -i, , , .�. :,fig - . � .�. . .r 1'� j �1- , -41 . ,,��-..,.,:J-IA 1 V",,,''4 "- t ." I,.A.- Li , A ; , I . I I .!� 11� , -I'll . . �,% ".111 I , � . A.- o,t'.A,�, !-, �j ,, ,� " , , I .. . 1j. , Irr I " - . , .,. I 1 , . � , � �-* t ,� 1. I , " ?.`1, I -, I - I : ;i ,j. % .,4 . -."� . T - ) H , " , .. k .1. I t-,-R '(, ,1, . ,I. ", " . , )-111.. � I . . J, ", . . -.-,.. .— " )-O\,s�-.---�'-' 4`;--, t� ,. I . . I I .'..""." - --j ,441,-4— 1 1, 4 �1, 1; 1—k j, , Y� , , . } -N L .-T, f : L�-.�,—V 4A,--,. - ,�, � �, f�!. 11 ` I �, 4, -,. -. 11 � !,�V'sji - -, � 9 L ,,,-',,..!�! T,t'.-,, !11" . ... jr, ;,,,V,,, "'. I � - " ITN. , -�.,,', , - - I I .I T7�'4� � W ,,, I P-I- �,*, I , , 7i� .1,11, , !n.,-.,� �J. f'."... . !'.'i;,1 ,;-, "i i", , , I , .- 4. -AI . I ,- - . �-'J�- - . - .1 �Iil !��, , �, .4 4 . , , " t '�.- , (jL!%' . . , ,� , � - - I .",.� r tit '�i%--� ", I -I-- , I ", I , , k- . 116"turt . .1. i-, . �� , , 1�� , I , " " , .6� , , , I j � , . A'. 11 , 11 I — ACKNOWLEDOMENT OF RECE11" OF DOCUMENT i ! ;A . . (othtl thin Summons and complaint) - %- , !� 0 V- Raoti"d top) of document desnibed A I - - ------ - - - - - - --- - 'it , - -- .- - .I-, "". � It . I ,.,T.)11,- ,,,,,, . I , , .." I " , 1� --- . " - . is. . . I , � r L . RIf , , , , - . . M---". WZ11M1�� -1.,P , V , , PROOF OF SERVIcr WAIL ' ,. I , . I , . . . :i: , . RNIA, COUNTY OF ORhNGE .,� , . , "I , 11 . i PATE OF CALIFORNIA. fcaliromia. I'll .� -. .�� I", I 11 4r'?-� . — IMIC a 1JL?�;� '. ORANGE 11 . . I arn ornployad in The county oL� --- I 1�1'11�1'1#-,��;`i 1 �, 1". ; - - ��:,- y go She Withir , I . cation, any buairms, address is: 611 Anton 1111009Md- Suitt 1400- �i. ,,, i.lr , � I orn am the "t of Ili ond Pat a pan � I" .Z.. . " , . ? 1. -1 :'.1.1"', , 0 , -�'- I CostaCallfnis 961626. 1. L.,.., 1�'. � -, .NOTICE OF RULING — --- ---- I .. ) I. 11 11.1 I 4, 4 , : ,),,Mar 50V� 87 1 %ervvd the fe-goll:4 document da=iW A— ;tw'.�,'. 1'�,, ,; , , , , _ 19, , . . 1-1� - 7-1 .�"L.--- 1i .., --- — I. i 1�;�'. ,,,, .;�. ..,� ., .-', ), 11 .V,•I ., r 1',�!� " I I.- , , " , V. �1, I 11 , 'V, I I , . � t thawra fully prepaid 1z the United �,,` I 't 0, % po"M it " , �, - 11 by f1lacins a WA %apy titmor oxk*W in a saw Int4ar WiV W Z;., [ I . -.1 . In this Aclion I ,(. , 11: I - - 11 Costa r.esa, Cal - I . I , , lato mail &I--- - -- - .,, .. , - , .i 1. '4 �Ijl I -- - - �- ,�,,,., �,, ', -- - 11 1. I '. ., _ -� ---- - -- � L, I . I , ',..., � " .. 1, li � 4', 1 � rrr I -�.,, " , . "I I ,, Cq 11, -., addrwtd all follows- �Lll ... , -� , -/,-,,.:� �- , - , L. Douglas ©sown, Esq., Rich b F.zer, 1a88 Century Park Eat;t, Ste. 120A, ,:, _�'��---"".- I . .';,.; . 'Ir.-Ii., I I � I 0 Los Angeles, CA 90067"4,-'6,,,,'�-`f! Richard Blurn, Esq. , 11B Avenida Victoria, Ste. 13, Sxn Clemente, CA 92672 � I.. , �, 1%1� -,� . .,. , . 1�.k �: .; �.,�Z"",v ..!, 'Pr f, "t'l 't "I'll, il .1, �`, ". v-, .,,.,- , 1 �7.'.�q-,,, :�,�,�%, -�f,-.*i;0.,��k:,-- a--- . C'_,: -� -- " ' . . �,�','�?-'"�!-��-r -1 I -,. , I I 1:0 - " f,-,;''? 1�ql ,.! � 30� -1 -,�,-�, !. 4 .i E rqn Tval PC Witb pouist fbWWr- w be placed In lk Ullit'd 531" trail. �., - "', ,.�,. , . rj�,�' -.�'%;"� ., .,I " � -0 - 1 1:t:41, I PC% g - Illy Pmp"8osta Mesa 'j, L1- :- 41Y MAIL) I cauM C ................ . Calliratnix I _ - I. — fill - .1 I * r I �� Lai arc 12 lip•1. of �! j, Fasculcd vn� - -1 11W alTim or& addresuc. , 1.11 � . .j...'. ,..,.!rj. 7...,I-' ... , �- J" ". L01 (ly PERSONAL St !.'VICE) I caused Ovell 0T910Pc to be! 'I'vated by !sand 0 c6lifom'-s- , ,,S'k,?'-�'-11',,;ii.%- , sat - � - - -, --P' Exicul4d on..... - — ,., !144�;i * 0 W13 . f Isk State of CAlifamlig that IN above is true JJn6 6"fec". . t,,.(rL�-�.,�;At-G, 11" (suit) I declare under lornally Of Wduf) under the UWA Q ion the "r4ke wit 1-�1-,,R1-,1 -��.X, 4�,;f"", , , - -, the airgx ors tormw or tive tsar or" covirt at whom dima - 4n. 5 (raftral) I d"Ism that I elm emplo)IJ In ,A� . '.,., V j t:,. U, � ,,, ,% �*, *.,, .1, .1, ; * A--� 'T evade. . , . - W . -, U .. .; , * -- ,►" 'f . I;". . .L�"R 'A - . ),; I �� .; , 1� , I I I �Z- ` -4�,e--, .9, , i", L . 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BoX 1380 ' '•, . } �s,Yy. t:ss .•, + „ t4 j 3- ` , r 'i'ustin, Culifoznia 926B1-1380 �`� n 1![ ,*? � J j , t I 1 4,,/r'� , , 3 Telephone: ('�14) 83Q-2555 f `} { t 'Wffcv.s ( it{• t ,r �; tf f •tr ' fit. c ' f y Ii; 1 y V {r -f; tJt��rr " F sti ;r, 4 Receiver MAR 2U 1y81 rlt ) J ,` ..j 1;,.Y i fb,y..A , ', , 5 /� I�p 1 c�11 �' J}�"rt4ie) ,rf(` + t 'F � Cani lr (jAu;1 IILE• Il��liy' Glut Ar '�, !,, 3xi• i1t ,+y i,`,,,Y�p_iV..�.I.t `f(t/�? !, �' f'/'.+,..•�—r'V •�r,r«.�a. N••n.�r ►``I V11 .t ,l ''.Y...1 '�l Ai, JIt 1I.G„/ ) yf r� t r iY 4! . Yk-1—}W fir 1 , I�Ir r ?If,,� /'A1 r , •s r w: " 4 iii�, "t d;� ,� ii i i t t` l ,�r. r t,'� 'i1�►�-M„' 1'1t.�Vy ,,, irr� 8 SUPERxOR COURT OF THE 'aTATE OF CALIFORNIA �, ��';� fi r' # `, V ,,,#,, I I ` �, Zr t' 9 FOR THE •COUNTY OF ORANGE <- f y(,J ,ftY }` t \ y a,tt J{ f �l .r; 10 1 f ' )I y t" ': l 1 *" y a,e jgr sl J t J �j' Yf's 1 rqi �� i fit: , ;YIt, ,1, 'tr'n ,';` ' y. ,, ,`', CASE N0. 51-51-55 ,"'��' � '•G r. a; x,,(, v r X 3 ) %r� {r.,l r )r)Y; fA�'t' f l t5 ` { ) ,..•, , ,t;• •,:: 4) �xa ,,tir,,�, ` ., rd f�jey, 4 .1 /• „r + ,,,;yid �5r �1,1"trdds; t� 3 A—M EQUITIES ) NOTICE C.r RECEIVER'S '' ' -� ;rJ- .f ; 1 � ; . "!, '�✓i 5 ) SALE r , X r y?1f,►t, y,/t,1�5' rlaintiff, • _ ) ' .y •e 1 r: J t J 5 r 1 j,, �/ Alt s f l ` VS • ) !�, 'r { , - /�}'', tr!'}t ''�j.f it 4� i; try '� i' , 'i a T' tn' �) I ..-. ) 4J' Jrrf ,lI �t v .!b"I '' 1' ' y ';. ', ,' .' FACTFIC HERITAGE DE`IELUPIfENT ) ; ,>+ l �t;3,+ly'r '' T '' t '1 tiIt 1B GROUP RICHARll SCHWARTZ ) p , ,• �,�ils,tlJ ;,,�,� ��, f; GUAiZDTAN ACCf;PTANCE ) PLACE : I,AW Oe^FILES OF tp`;"r ", . ;' of �,.." x rat J l9 CORPORATION, JACK THOMPSON, ) 3oN R.. S'rUIiLEY +:!rA ry x�` � (` '� z+' JI; ' t ", ", WILLIAM CLAPPER, AND DGES 1 ) 14101: YORF�A ST. 201 ? •,' �^ I. , 1,, 7, �F�;`��' ; :* ' '{ , :.« < ` >' 20 through 10 , ) TUS^IIN, CR. 92G©1 �, ,"?"r v. �, s;� `" . ; r,, 9; ` f�1 ) DATE: MARCH 2� 1987 !� • • r �/• ' �* R r '` •}I �, }; •'f °ilk 4 fir,} (t+' I �jr"I L;i`l p [:':�,'rT4'?t iti'��«r.5t;xi ) TIME: 2s00 P.M. . f,r;�" q-I p •-f ,1, Y-"�J'�l t f,lt ,.il r Defendants . yr , ", Rt ,�„ a ,, ''+••�,i FX r 1, Tru -1 J1,. r t 23. at '�a j..3 y)x+��pr• t J,7✓�:Sb,I , It{..' +f t r •r „JLr tom,• 1'�>', f.,•#j� If�;�J J' {' r 2�i `+ -- r + , a ^10 THE Pi�l2TIES THEIR COUtiSEL PS1D ALL OTHER KNOWN INTERESTED _t i t `?' t��, '' ] i,•mr. j,'r�'�+•'g , : rfj'7 , •-, /�' ii t• 4r� i<• ( r ?LG. 4 i'l� .l.� E i X` f rf fir-} r_, t •:n1T„ ..t.•: rJ .= 4 r 1 `� , " I"- 25 PERSOrJS AND/OR ENTITIES: ��,-; ,-.r�!., i,,�', t�', /�rH rt 4;:F 'i =riIr 11�,r• r rj.,'f _I4a�i '.�rY`s/.'.**''+r'''�A -I + ( «. n L 1 `t^ fT ; `" ; 5�f %� 25 F1IEASE TAKE NOTICE that an March 26 1987 at 2:0� p.m. at n lt' ,«� , `' r I I _ .� t } , `Sal+ ,. _{ ?j S.,` t - 1 Aa �� i * � y� I .L r + j l r a h•, o f %N"yfryjt?IJw f,1 ,)T7iivi. �I 1 .pjf just ; ��1y�' ` •t •��,�5y 1 �,a$ >�<., the Law Office of JON R. 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"' d FFr _ r{s1 ��. y .ft M ,1 Y+� .i...Ct�, -f ,,,X4�1 �`tT} .,(id. :f ;, " •,}.•;,}= i •� •rr !f ' I :t 'J!`i':. # jl:,'.:a .Ip L. r�;,, i e Ir ` 1 , .. t► t t' y { • __.•+ ; ; - �.. %IX A ` .1 °s¢t Yt:,4ti+r':0102 ¢, •`•F �'� ( i j..~! 1 ',, ( r ..a /'.s..�x. .•.roa..Y:a�._.x{tl�.,«,..:..,t�L: "; ,`,...J,.h'�f:L-..i...: i' r.•.�i l:v,...•.t.. .,.r ut ►�� ,1C �.iS1 . � ii, yi� t,�f iSr zr St!r'• ;': t(, g '`i.rtt� r(`. 1 I Tustin, Ca 11brnia 926811 the undersi ;-4d Receiver will offer for fi11i F�, t t'ItX e af� Ji'• "" • '` ` 2 gale, any and all rights and/or intererto of the parties herein, to 13�� i�� y. r`'��', t} t• ` 1 v Jl,�+��`ri ; h �� f. 3 as partners, and of the partnership itself, with respect to the 4 development and/or construction of a redevelopment project located �.x r�,, ,, �4�t''dii ,` 5 adjacent to the Huntington Beach Pier. '•( y, ` 11-k - i f ' " ,. 6 t• : J I r� 7 said rights and/or interests include, but md'f not be limited . 8 to any or all architectural drawings or renderings, blue prints, .� +fir •r�i! �f , i l., "e �r � ++I•r�'t �i i} F } "'1 '., 1 11' rr�� 'i 9, legal documents, escrow documentations, engineering work, photogxapha, and any other material in the possession and/or control of the parties herein, as partners, and of the partnership i .;f 1 itt i'�2t ,+� yP t-iy�lJf �► - la,�, L, I gat 12 itselfitselfi, relating in any manner whatsoever to the development 13 and/or construction of the above -described project. Such rights interestswhich,, 'rK•dr i ' . 14 andlor shall include any rights of said parties which � .,/ 1 1e1 15 � �v t � ! arS 611i vrl �,., ;J , may exist in an exclusive negotiating agreement with the City of r' �,,s r'YS, 16 Huntington Peach and iti one or more agreements with local g �?:upertY •�� ' �j=',t ��1 3 i} 2:i�f �fi4. owners. f } �i.; `ly�'r— C��••Tyyyxs�':I`.fi1� r !r � 1 ,•t�;_ is ''� yF, {,• tw i�t , 1 IL,J,i��l ,� J,�iMtFht +, ,I�x*. ,� �,i 39 This notice is being mailed, Federal Express, to counsel for 1 fl` Isxr,t 7 ; .1 2 the artier as well as interested bidders identified b the � i s t• �"rt�i�3; k ,1 i y s•��, t . t 21 parties as of 4:00 p.m. on March 17, 1987.. 22 Attached hereto as Exhibit "All are the bidding instructions crni'i�IA; � 23 which the Receiver intends to use at said sale. c- J� +� rhf, r.) f 1 ' is ` 1 '1.:� �t t rnJ >• � �1 24 P,, 1i..f'i , � `�i`rw, ij• � t 4 .fl , Y'.}l+/ t�%r,� �;.��y' ryl�/�� t 1 J F ,'� '� � r Y .+t31 :tt r)• ,.,.� .t.� �i : iF .Y,.4,ti1'� t��ri,..lr :t I=t yJ 0 a�rir� 25 Dated: March la, 1987 9st�_ ;�� ; t�.1 S tr,; 7 �,:ryj '�i1i�#,rS��iR ,L R• tit `.• r1 r' >�� 1 i. +� 26 + .• . 1 i '. 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' t t .i. �!i �t :tr � J :i'�: � �M»:; , q 4 3 '.,: a i,e 1 a a 't t• S_ J Y'r ' �j ., % li''J ��FFF t .� •. t , .S tyr, rr,�t� �f 3'. � ' t f o . { •_ ' � ' - J •!� 111 l .1'1. � 'r � rl a < � s f `1 � � s• ��`� � r ' ' ,,; fry;+� 1 r� `� I sh 1 r , -,'� s � s r r \ .r. r! 1r. J _ r 3 r�•. � ' .% tst i >•�x t ` ,��_ r •f _ .r.: .� •S /., r 1"} af'+Sfi .`�+r �i�;"x r a4.:�A' .,fy r f'r ri � r^• , 3i. t ri'r 1i •1', tty°3; 1 �'�3M'1. �� t r j t 1• t _ t .. fcy>:' t '.. k r 1r. �� J y7y�.�f,� w '' 1 i� � �,� / �' •d I , 1 r r � ,r r t -,s }'S•,fk >Lxaf=' li V .y��}.,. 1' - "µ R ° r !, 111 •� J •J s j !�� 111tt.. 4 ,J t ,j ' r. 11 1 ! c i� 1 .r , .�i , *+� , } • . '75 . ,`li rt r', ��. , ice• +, r 1 ` , i r { , f . r `7' t ` t a� ! r l �; r '., ,i3 lr :,j. t" GJ, •1,4 , - t ,�JAB /, f '•?P• it t's'vt ...Y tt Y�'�`t R r..r xc��c, �t '11: ` Pti'..,. r(r r,�•y t'2y '1 �.ti r,� _`7ntr vujS IF i -i.. li •.'e•, :i.i .., ,':t .. T:61Ytl, I -.l..r .,is.�._.:. •.,.i...y •i ,!>....a..r..0 ; 4!':G �iIr-r.f r7... -�i: •. € ia' `I t.:• 3,f7' ''" it , � t .► Bidd t ny inytructior'e4 or ,ale vr�� Res Huntington Reach Pier ( Phase 11) s r r• ''��'� �'r � h�' Mc, F��j ,C t '� y('t � 4 •L ri'f. r�. ?713,J a K tl.;qu�r� ''r�'1'�, �,' •�� to ? ,�,,,r °.,.i r , i •, , ti ��^ � , lam; 1 p � , � 1� (,�.�1• J J � 3 `��s `�}' ��-•1•}�il t � 5 'L r iti �1, fit{ �'i I ram'• v �J 1,l 2 Data and Time of Sale: March 26, 1967, at 2tOO P.M. ` 3 Place: Law Offices of Jon R. Stuh)ey 14101 Yorba St., Ste 201 Tustin, California 92681 5 1. On March 26, 1987, :.t 2:00 p.m., Jon R. Stuhley, as court. 6 appointed receiver, will be selling, at the time and place net 7 forth above, pursuant to Court Order dated March 12, 1987, any and 9 all rights and/or interest. of A-M Equities, Pacific Heritage 9 Development Group, Richard Schwartz, Guardian Acceptance 10 Corporation, (Tack Thompson and William Clapper, as partners, and... 11 of their partnership, with respect to the development and/or, 12 constructions of a redevelopment project located adjacent to the 13 Huntington Beach Pier. said rights and/cr interests include, but 14 may not be limited to, any or all architectural drawings or 15' renderings, blue prints, legal documents, escrow do--umentations, 16 engineering work, photographs, and an7 other materials in the ' 1 17 possession and/or control of the above -named parties, as partners, 18 and of the partnership itself, rAlating in any manner whatsoever 19 to the development and/or co:.structi.on of the above -described 20 project. Such rights and/or interests shall i-ncltide anyrights of 21 said parties which may exir.t in an Exclusive Negotiating Agreement :?2 with the City of Huntington Beach and in one or more aCruements 23 1 with local property owners, known as the Owner Participants' 2411 Agreement or Agreements. 25 2. The sale will be redorted and transcribed by a certicked 28 court reporter. J try 3. All persons or entities that desire to bid at the sidle 28 will be requested to hand the receiver their cashier's c)ieck (see II EXHIBIT A -PAGE 1 OF OF 5 PAGES r a ti �fri�� r�lf'j 1�arrt t ' tjf 1�L (' .It' i` r� :`v 1} ri'f1 �l N r�74j," Y. i j I t r J rtl t J .`rrsfr 1��;.?►J `Y•,h:, A 11 t 7 c S i 1 r: 1 lr <'� t. { ,(! f 1 1• '`/ 1 s. r x(s 1 Tt 5 F+ _ `j,1". �',7y1�17;ri• iya ti r 31J' '4 T,yT `:r Ir.{r+,x,l 5t �' (�� .-'t (. l�l i { �.. J..k�?if a , a..: 7J �♦ �... �'I., -ry �1. �r.:'►/� Y� r�l'a fM� 1 sr i rc r 3 l a ,�, r ' i i¢y � li 1 •.!- 17 CI r 1f^T 5✓ "� T` 1. 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'; i r:' `�3 , '„ � 1.• / 'Lr � '.i t'�\�;� �.f �:• #,'�tj!'`J �r,yti ! r -� : ii t � i� c 3 � , ffY% , •a� J �i , �i t j�i;.� ��,�``�t y^�ts r � f _ t,'1 i2 kJ��ljri7.%ilJ,�i :�: '�. �I il' •'' ' r: al�:. ,r �, i j'�-1� �'�L�y1.�.)•p/t �'.�r�ir {T, t�'��."t,. �yAt..� fit• s%�'1} Y' ,+ , r tilst� t. �!•t, .LR tat !'�r JY!_: 1t�t*./W her f� • - s 1 , ' ) !1 ,...r i '0I >"` 3 � yti+ ', dC ��: t � .,• '� (� `••-t i rr � r � t , f y i,1�' j 1 t • i C'� a ♦ *Yt.4 e , 1t1 t,rh J1 ,t r � ; yi ♦ r•, t rlf C >r (1 ,'(t { {f r^ '.± '!u ,r-"'��tr• {,y � y '•!� trYr3 j t ( } ` r r : �' i l'•1t tit r� ci S Cf r iit �.�y: �I �• • tr x�d•r�ily�i �a_�'1`, +(�I r. p��I'!f^ T�'��r'� �' � `>�r t tit (t rtt , ' 'S,i��r j' „�•�� N'`•{ t..}, •F•s- r{r li�l .!'r i" t��rti''sf �5 �P1 1 :iFt t�• tq'ti}J b'CF,��f*y 1,�1'ff� ; � '7�f1� ��fa.� tl( F �'h ' �•• r71+� _tt ",'t•Y�s 1t'.lyy.�W �� .'�i )' �+i�,�{'t�i � •#�t�ti� 1�w ,l E'+%��tfTa�'+ f^i�1 ;t�t +' i t��'t'`�f �}t�'it�1 tf7 Ij�;<< .%��N'�'' 1 f(Vfli�yL�i� �r s�'f r ��iq�� •�r� r � r w �� ! lr 'k . 3 yi y J�: '1.rk rt E,�4 rr>/ • 1� i t '�,i * tr �"� 'F� r` v � t�� , i��, K �j {� � It i ? l+' t r ,.. I J��''.. I,fh (t}.'{ b+,Y a`L.:.. tfY��'��/ r^t-t,J 1 I�.ri�r t ,1� i{�'j't :"i�k�t'1" i�'r r,'. tt•,yl I� .I.��{I1.{:4, '{ ' '� ' �� ri., >:�' : hji,s yt'�•ir i 1"Y.�. '1 s t •.'� i �* ";yr� � y.,. � = i � � .R y� ,�,.,� � 'r �t•� t/ t' • sr,� 3 +• , LL e u IJ f ��...i .... .a�f ��vra.. >_ 3�i0� • r `t'':�� . ,, }. ,ri tt it�lft < ��ti �'.�rC _ }�� ti.t J�.��yorl+ 2 4 . 6 no. 4 beinwT"P rior to making a bid,ant'to sign the hidding instructions in4lvatinq their understanding of them, and their agreement to be bound. by this document. 4. At the time and place of the sale described above, the Receiver will offer the rights described in paragraph 1 abova for sale to the highest and best bidder therefor, subject to the 7 ' Receiver's recommendation and confirmation by the Court, on the e following general terms and conditions: (a) Each bidder, including the successful purchaser, 10 shall have deposited with the Receiver, prior to the• 11 bidding,'an amount not less than $20,000.00, in the form 12 of a cashier's check payable to Jon it. Stuhley, Receivers: 13 which deposit shall be applied to the total purchase 14 price if such highest bidder completes the sale on the 15 Court approved terms and conditions. if a particular iSO bidder is not" the successful bidder, then the deposit 17 ^made by any such unsuccessful bidder shall be promptly 18 rtt:urned to the unsuccessful bidder by the Receiver. If 19 the successful bidder fails or refuses to complete the 20 transaction within the time, and on the terms and 21 conditions of the Order Confirming sale, then the 22 Receiver, on behalf of the receivership estate, stall 2311 retain the deposit of $20,000.00. 2411 M Each bidder shall have delivered to the Receiver, 2511 prior to the bidding, r current financial statement of 25 the bidder and a detailed summary of the development 27� experience of the bidder, reflecting the ability of the 281 bidder to perform the conditions precedent to payment' '„r3 J Jr +'•� �sM1 EXHIBIT A— PAGE 2 OF 5 PAGES `�'i1�C�•�i�Fnj'; ' Y' „ rye^�;�1"}-`i3x'�l'r?1",H�y�^�;,t$��ril2,'t;€Si+:«i'" ri'7'i� r�F+'�"^7Fv?tlW1�'K;t�''/' rrt:, y��y�; �" .. r- t , J Y (. '. ( S ' r a (< {Y �t�►1S S"t�'i � !f /.1:.t ¢ e• �,• i � ,1 � `+ �i a it i� ,'t, r t �i; 1 t (i�i�'� ji S•r;,.� �.Jr 1 .1�so4L Yrr.�f.. } ,j �.iC��,//.�I t.:.t1� r rt, i r ii, > „f „•S'a. r r r •� n r Y� `to '•f r' IISf �i •�,, t, tff.�il:� i. r41 �":,'✓'1 .i Y��'Li ,F�� : t 1 > t :. �N ,.'4 t .. { . ,Ir'•� , ! 'fi',, + .. , ,'.' (, ,' f}7~t:l � .,• iS lr �� i �= h '31.• ru. •f r ( J: I�y'y `4 'rE7f`t.i.•}(w `��cli `.!: ,;• ( t !C .:.'.. r ,•. ., r ,3 ,. � ♦J!'��' f••I .` � ;'r t�L ,r 7, •j,..+. l,r. `.�. 1. 7 "{` 1 Jr `•, , ,,f y `et trio �ZY µ�#t ••' f(r '1+•;k' ;�: .t'•i1•. '; ,. •>�. ( f �...:./ , 1:t-t'f L; j,i. t . I': ;..,, ..,. •. ,- .. � '1f• �r. „ �r . 11 r. .r,, •.t -�IE �t",,. �F,./ Y. �k .._. '.{ �)� f, r s.�'` S t '�'`.1 , r"*:•,I•� f}(,•yl+.� ayr t're.'F� tirtrp� � ilt, rt; Y' � t,ti � t � r ,:, ,� � � I{ 1 - rySfi«•.`% � r r ' ,: s't S •• t ..r , o ... ? ' J�•", i . ) �?e � 1 �' 'i, li + t `` /r7,x`/l,� ?r (`; i. ' �'� 1.•�� rt , rl„.. .� . . ?� �,:;, • , '� r• - :-v a ,., ,, � ; i•. , n ` � J � S°. yr„ •�Str �,y� � 1 v f . •r,,, - "ti' " , �r.?i r 1 .:. .� �:.:, ' .. 1, r r 't. ''y 1 •t-x•. . ai• 'S'� �,i'a'�' rk ,':r, s, •rt' �.�-� s_ �,.." ..1. r. .,.;{ 'y.. :,.: .: i �� ^ t �� t {Ir r -.4r, ..t k :�...t, Y. ►�y�'.., Vt Mtil ,I' .;+r.1t .i?,: ;,.,:;,.,, .,, ,, i ,;E, '. : �.r ;f :r , �, �'y• ,r , 't fti '�;t, }*13.S2rtSpl, vb�• d 1, >y 1. /r •,t!t •, 5'. tI Ys ... s ,7 S :.; .. •�'f �` A . f•,,,'av t e . -t. ,: p�+f„�„Ml�f , s ,'l'• r ,:.I. S „' ,. ;'', 1::.- , Iy (•.n�l �• J ,fr+ ',•�. p �r.�j "i t,. ,t { t r 1. r, •(� r r� r � � f 11 �iS! + • r ,� f,k• z F rsrr,}r=Kr r ,. �.. r i�,o •r '. ./ '�rrr 'f } �}J ;l!r Cli�` r� y'�Y: i�ii • frr•It`ii'S' jtlty r rt} _ , -. � t'� ? 1� .: T� l .�']fJ l r.• (� i` � r 7 f,'r } t iJ�,.I C' i +! rll 1T �, a + `ry 4+ rlr ,, t '( y A. ( '�Jt ,,., II t ,t (r� ? C•1J•t lrt i;/ {2� ��i r�r ��' r t !�),.t + 'i, - i. .lit. r 1�:�.. r {� lY �•�, f.. �r t i `ir"'�rf. (�% rf��-! lit'��' t°•, 1 —lff, tii�•r v; �a1{_"�� trfyr �'. Y ..`:'• �•q,;' ,r? 1' , n:r. C I. i r J. I. f 1 ?!Jv y�►l{',�.y/ i ��r Il. ;. �: ln••J I.: ��:�f .t�,.lt: .Y r �:-!. �', -tla '., r % � ; r r; y, .J.(�� i�l �'�� 'C1" �. �){'. ft �� s:'f •,. iC}TV�1I'.•:Al'C� •'' ��• 1 1:� ��.i�,rR �-• � •� ' 41-� .r s,i ,..�'�1► J 1;l�% �•r,�! •,+ � fi• ^t �'`ri�' r i :r.r� , r�,'t: •, ,...,, •.t' .. r r° ,S ;'i ,1 �� rw"`�.t'y�.t! tr itr'G+S'fs dirt„•�t ,K� l.��tr P.Y �j �,trtt,S71+ „�'S{ {.;,`.✓' ,,: 5` ri `!.f r,;. .,, f '' 1 +! rl t. .i 1 r (,. t. ti li :�V7E fj't,�lrt(t�� — �1 i• )) `� ,�."' I •.Y:• l... _,�. r �:. �..- ,. :-, _ 1 , re, _ f y J '�s' , r; _ _?,tr ',a�: s,. {��' .�=�fi,,r .•.� a , ,( 4 'i}' y �� :r�•'i1�71 .f !,t ��+� �; � ,, ,t. .1,� � i ,, �, , r - t� •Ir, t ','{r 'ti .f ,:,,•, � r �`tt' �r :,�( ��. i ,fr: .r .r r.�.. �,�� nr I. ` ��_ r. , C �� !>`Js .4� r• j ice. � �rl �( i r�. , u 1 0_41 A Is imp VI, , WW At, ek und2k the bid ani to 0oVPlC:t*qft financial asps its of the tale in accordance with the bid. if 3 (c) the minimum bid shall be in a total aggregate amount 4 of $475,000.00,,payable in installments and subject to- 5 reasonable contingencies acceptable to the Receiver. (See 6 no. 5 below). rpI' 7 5. The opening bid shall be at least in the total" 'aggregate - of $475,,000.000 including the $20,000.00 depo'sit. Any overbids 10 shall be in increments of not leas than .$25FOOO-00, The balance of the ultimate purchase grace,00.00 in excess of the42 00 .4 12 deposit, as confirn,ed' -L-, the court, shall he payable as follows: 13 (a) $130,600.00 of the purchase price shall he owed to :14 the receivership -state upon the llrennwAl/revivalll of the 15 Exclusive Negotiating Agreement and' the Owner W di ---I, 16 'Participants' Agreement or-agreem!tnts applicable aid/or 17 relating to the redevelopment project located adjacent to the Huntington Beach Pier (Phase 11). Of that amoutit, 19 $30,000.00 shall be due and payable to thy., receivership 20 estate immedi•4tel7,upon renevial/revival'of'the Exclusive eis ' I" �.in 21 Negotiating Agreement and the Owner Participant 22 00 Agreement or Agreements. The remaih4l.ng $100 0 .00'shall be due and payable to the receivership estate withih 90 24 days thereafter. A TJ pg i. 25 W $160,000.00 of the purch;kse price shall be owed to 26 the receivership estate upon execution of a Dispositi on 4, t', I * 2 7 and Development Agreement (Wh) between the buyer ' (or 'the ly 28 buyer's nominee) and the City of Wntington Beach and/or 21 EXHIBIT A PAGE 3 OF 5 PAGES is- , 7mrurAIT.T1 ."7:; .4, " Ny FL Tyr` X, 14 flit 4i k V is is J k, V •4451'r, • IA irs 'i'I T• rfi M 5VV,Z 11 N_ .. - 1 M ib i ` is ilk f ......... .. 11 4 6 1 1,; % 1.1 L 1.'' t. Oil the City Of " Hint ingt0h. An(Pagency or reprox-entativea 9 Beach, of that amount, $850000.00 shall bej.due'and 3 payable to the recivership estate immediately upon'',,, 1 4, executlioln of the DDAI, as 'set forth 'Above. The' remaihino,'l 5 $75,000.00 shall be due and payable to tho' receivership 6 estate within 180 days thereafter. 7 (c) 'The remaining unpaid purchase price.shall be due andl 8 payable to the receivership estate upon f unding ',.ofl 9: permanent financing4 or 18 months following funding of .20 the construction loan, whichever event, or time-; period 11 occlirs or elapses first. 22 t 6. The successful bidder shalIuse his or it's best effor s,lk 13 to o'btiin the renewal/revival of 'lkhe;Zxelusive He4otiating, 14 Agreement and the Owner,Participantal Agreement or Agreements'and,' Is to obtain the DDA,, all at buyer's sole cost. 17, 7. Following the Receiver9s''&ccet)t-j=e.of the succescf4l bid, 18 the Receiver will apply to the court, for- -aonfirimation.zf the 3.9 sale. Pursuant to an existing court o,*'der. dated March12,,- 19187 20 if no objecition t' o the' sale is made by any of the parties 21 'des'c'ribed in paragraih I by Mar I ch 30, 1987, the Receiver will 22 " immediately apply to the court for -such confirmation. maiian. 'The 23 Receiver's application will be'heard:by the court an'the day -the 24 a on is made, without further notice to any parties. In applicti'' 25 the event'tlinely obje'Aion is made by any of the parties 26 indentifiad in paragaph 10.'the court will,, purivant1to the same 27 "court order, hear the . Receiver's application for confirmation on 28 April 15, '1987. •EXHIBIT A— PAGE 4 OF 5 PAGES 0-4 'Asl -7-#?.4-1-411 5. 4z. N lot, AY 4 - M.- Xq 5Y. IVA x�ir,( v" I r. .�'. i'r.�i' �ll/,.-�:1 ,, .� tlr •"1�f ..� "!jt 1 +r+ "•,t .i. �I tf�. it �1, �i• fl.��1 ( ..f't1.i1;4 w.� i�. 1:L..j.. ,.,, t.(�i}�% �t �..�l�i. 14 T 8, WhAcleiver 4111 not prov e indemnitiox whatacmVdr. 2 to. a NU or,.fses to ri'n-d6is"j,ar ocussful bidder. �No a 3 to be sought or payable out of the XA1 0 price. 4 I/we':understAn'd the f.oregoino'bidding Instru ticnu,&n&Aqi*e 6 to -be I dni'd thereby. I/we are tendering the $20,00 0`00 deposit' 7 here ; withi. If my bid is not accepted by the receiver, the deposit 8 will be returned to me at the conclusion of the sale. 10 'Dated: March 1987 "BIDDER" Haples',". Address 2 and tiai60hone number of bidder and the person to contact 14 15 (NiLM; 6? B12(aer) 17 '(Address 18 19 Phone 20 21 22. (Person to contact 23' 24 26 .27 28 EXHIBIT' A PAGE 5 OF 5 PAGES. .'Ai f", `jM, -f .I. i _V. V P '31X i�, i., f tp•tl • • e !J� N"t 1!V "I hi - ,;j t 4. '1v - oo j I r 1 ' , • , JOIN R, STUHr 1 1 44101 Yorba' Street. Suite 201 P:O. box 1380, ' Z Tustin, California 92681-1380, Telephone: (714) 038-7S55 . Receiver. 5 . PAR, 2 D 1987 " OrAy L. rtA ikLE, Lbu o r,y G,Mr 7 -DEPurr SUPERIOR COURT OF THE STATE ' OP CALIFORNIA' 8 ' S FOR THZ ,' COUN':'Y OF ORANGE i0 ' 12 CASS NO. S'1-51-55 14 t• ]11-M EQDITIES ) PROOF' OF MAILZNfi 15 ) OF NOVICE OF Pla ntiff, ' RECEIVERS SALE 3.6 try . PACIF1O'HERITAOR;DEVEL4YMFNT ) 18 aROUP,?.RICHAID SCHWhRTZ ) CORPOItr1.T'*t?NCBPTANCE , i. QUARDrAN;AC 19 0"-; JACK THOMPSON, ) l WILLIAM CLOrER, AND DOES 1 ) E0 through 16' ) 22 Defendants. j ,23 24 SEE A TACHFDiDECLARATZON 25 2? . `�'.�'i a^ +i 3.t e7 Y>f r rr ti p r , �1r1 t / ty ``yyLL-- t s'1yy.+ ))tft} jj. „%{► k.�'�: ,{r r�,,: a ,•ss V t + Iti.,i �A .+ <[:! 1+�+�� !' *F"'r'1 `r{., j7i,, •,, t i j 'li 1� 1Pt- '� A� 1 j� r� �i 1 ( (r t �I�i' �.;I/ ks t' ar 'A 3 d Z '3 •' i, h it ,,�r . � r':, ,r 1 ,. {• � r.:t / ,, 1 . ! t+� j'�1 ��• , t�<: i�� + t+ ;♦ � 4'.� , ! .� l � + t � �(I, r� fJ, �i�, y 3 C�' xt Y ,r1 �, K1Yr 2 . • s i t sty lr �i:+� ri I f , Y�•,, / + �;: i �f ,�, b t' r �r} ! 7 sY r ^ :,. , •,J �:} ;;i. �-,t'.%1 <-SNr.,'!��r i ,.t•��'C{ +' y, ( s' � _�� J , if t '��^' '�- r �iy ' �. r.. +�.+�� ,..; ,2 L•�f - '.:)r'�r 'I" �''•j 1 w't^j-y t i t l: � r � i� ♦ 1 7 ; f11j 1l, 't: "J +t �r IG r •'. Y !>r- t �i.-'�•; �r�. � r�r'{", 7 r'>` •`I,�Z R.`(y ��i 7 iP.Fi sr,:iJ6 rj r:% t .� 1: �Z Jciti11 i it 11r «. 'a�ri+ l- �I}r{1�ri. r!r J:• t L tr ,l 7.1� + •! 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L.4 :!1- - 1:.: 1, i, Tr.' ,`• a r r,` ,:, `I �h(I{N.. ,, a;j ;+ (T�.,t r r rt' �x.t. `� {'.+,..a: r' • ` - J.'.I �' p •r„ J .r, ,J � a �" G, .•r. S .i '� 11 1r r,7. ,, `s>37tc�t��r 7, ,: i!, ., , ,1.1 ' ,! i..! , I'•1, + ' a Ir �'t Y. s., �,..+ 'S„;, 11; 1r',;: L +i7L:, a{ ..i -� i' �. ri, • yYl r J f 't7, :- .t •.1.. , ,,. ., s '4'" 1, - t i�., ,1 {. 1� I,�li. I�L,,rr;t4,1�1•tl t'n !' �I 'r. .':�',: 1 •k•. 7� i� - rJ 4 1'lt'\ it , . 91 4. aLm ever the &9e of IS years and not a party to the WAthin i0tion; 5 "my'bur-iness address is 24101,Yorba Street, Suite 2011 Tustin, California 9268D. 7 On March 18 19 87 1 served a copy of the foregoing an interested parties in this by pl`acing',said do oum nt(s) 12 (SEE ATTACHED SHEET I then served the said document(s) an follows: 14, 'tge-reon.fully,prepaid to be placed in the United States mail at Tustin, California. 16 .7 2 1 LiVered.-,by. hand to the aforementioned addressee(i). 77 29 messengeredito,the aforementioned addressee(s) on this 1i 1picked up by Federal Express overnight. delivery service and -delivered to the aforementioned addressee(s) by 12:00 pem. on 22 transmitted to the addresse6(s) indicated with an asterisk M's 24 1 declare under penalty of perjiiry that the foregoin'g is tr�e 95 and correct to the best of my knowledge,,-information'"ind belief. 26 Executed at Tustin-d. California this 18 day of Maych 27 28 Shirley V4/tn " f7lf Jr ETof it I 40 01 .ilk%"ifrJgLa�:r+, tii� t� r y�f/�ti'j 1! -$! :` i{ rsi+!`. r 4. Alex Bel Statewide :=Developers- 5122 Katella 4207_ 'Los Alamitos, CA'.:, 90720 2 Richarrh; Roe s/Grig , Hoffman woodland- Financial 21800 Burbank Boulevard ' Woodle.nd'Hills, Calif. 91367 3. Rover``Toriero Grif f in ' Realty,:: 840 Newport -Center Drive,,, Suite 620 Newport Beach, Calif. 92660 4. Roiaert Ciiitiano r The, Cristiano.Companies r 1100 Maim Street, Suite B . Irvine, Calif . 92714 5. Bi11,Harsch' Lincoln';Pio rty,- 16152`''Seaeh Boulevard, Suits 240-8 Huntington Beach, Calif. 92647-3899 6 Ed Cutle; 650 'Saratoga, Suite 200 k: Sari Jose,-Calif.i;95129 . L.-,D. Chrlstiano F. � 7 Amer; est Development Corporation {, 840 N► :fort`,-CEenter Drive, :Suite 455 Nevport°`Beach, Calif. 92660 " 6. )tAli Raxi, ;Praaidentt t; Heniy•;'Shafrcr.k;: V.P. Acquistitions Inte'rvest"Resources, Ina. 19552"MacArthur Boulevard, Suite 440 Irvine, Calif. 92715 ;i 9. L. Douglas Brown Rid' hi ,--E1ter 1888 "Century Park, East Soule'"12 04 i.� ..,Los Angeles, 'California 90067 10. Richard Bltar� 116 Avenida' Victoria Ste. B San Clemente, Ca 92672 11. PhilipI'Prince, 'Esq. -c/o „Rutan: F, Tooker Central Bank Tower 611 Anton Boulevard, Ste.-1400 Costa Mesa, Calif. 92626 r:J l r y R rfy L'rr ` �L (ii} �'cu .' fj'd rr ?i'+ 3t' �. ,{„ ice``' >,J :t'/'; („1 � jNr s �"� rty��T! •l�� 1i Jt y� 1 r,i o y5 ;j•;� +e `t,., ili� ! ,�ti .,i `,' ; r r f+,,, r�jJjj" •. ( rr }.. t � r ... Y _ii�� ` t2 f� r } J' Z•: y$J 1 � r. % .v4i•.F,c�*,y4��1ia.�:.•4\+�PttiE.�'il�<,rJj u1(:. i+ !/, }FsM�.•:5!1J�,t' 1r1;r. ,1",�}1,1: a;i:' ''S•�i.(�!k.:t�1 1':_i.r(,,iil'��ri,•�'.�.�V:y�t. J'-.,1,S+rr1 i.�ii.`f,.>1ti�t�n, t' 'ldietdZ�,:ai. 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I •'i,, .v g .tr'�L{" +- ;3;''tt r.�r.;S'35.�" ,;!i',.rl�e.1� .,II Elt•`, .ur, a S, '.i t t +,.1' 1 !/; f , t i• •�s�� t, J �`} J t '� ff,.'i...i.�1 i � .l T.,,)r >' ,��,� '�l n,r a(fil, kr�tF. .JI, ,tj. 1:4 '.1,� ,, :c l E r,y' �`, �S '1• r.,;j'�:•t(lt�r! tf; ''•' a,}/`L,��.., .��. 11 t<a•-,C�,. .r•.1 . ,,., f."-' .C', ''".;umo�iw,r ,Grr.. ,.. ,w1"Y7••r}•1.� 7d�, /.dei E9 v!'!'.f.a.' .i. ,j.a,,! Y, ,�-j"•A,1; r _t'.!(',r ar r.l.1 1 1 y l ,1i•1f 1 •��', s ,'1r,1iY':�•,1 r [ t�.rls.i.'1 i1 f. n31 Ji-(' zl1 l, :'G�t . 1,, rI,y e>..,32 'rAy y �`�c,, tr1r,:;r"i•C:'�r L•��ra.r' rv1.�ii ;i:L'(ly,l�j;l,`r: r{r• : ,eF1;.. .-ski' 'n 1' , • '(.- r {:�, r e f•r•..lJ '�> ,�nt ;E � r L,� t .i�tt , . 1. . �: ,t . r � - r r�/� .t r . (�/ , c .' 1'� s �'1 #.� }; i r� �..f•�1 � 4 'qt 'J;�i,'� j >r t1 •11` 'JEI• " .� , r � i yl;��frir + ,,( ''i. 11 6ti� lt,4fi r•�F li. �- ' 1p;lt+,,art 1.•r^ is ' /-l;r.f .::y' � t `' rt'SS, f t+tJ ' "' ,' • ' tit f %Pd �natvn ud o N 11 Beachr p age.ILL 2 Date end Time cif Bales March 26',, 1987, at 2100'p:in`. 3 places Law,officix of Jon R. Stuhley. 14161 Yorbs St., Ste 201 t 4 Tustin, California 92681 rb 1. on March 26 1997, at 2r00 p.m., Jon R. Stuhley, as court 6y Appointed receiver, will be selling, at the time and place set y 7 forth above, pursuant to Court Order dated March 12, 1987, any and all rights and/or interest of A-•M Equities , Pacifisr Heritage Development Group, Richard Schwartz, Guardian Acceptance 10 Corporation, Jack Thompson and William Clgpper', as partndrs, and 11` tyf their partnership, ',with rexpmct to the development and/or 11 r rt '12 constructions of a redevelopment project located adjacent to the 13 Huntington Beach Pier. said rights and/or interests include, but ' 14 may not be limited to,''any or all architectural drawings or �rI 15 renderings, blue printis. legal documents, escrow documentations, ' 16 engineeiingr work, photag ,. • . raphs, and any other materials in' the ' r, " 1 •3`": -,,�� possession! and/or control of the above -named parties, as partnars, �;?► "19 and of the partnership itself, relating in any manner whatsoever ' 19 to the development and/or construction of the above -described ►,�ri , 20 pro j oct rP ssts� shall 'include any rights; of ++J such rights and/or into �. �, •t 21 said parties which may o.-Ust in,an Exclusive Regotiiting Agreement I Jr . 22 with -the City of Huntington Teach and in -one or more agreements - 1 1, tac wit h l al property owners, known as the Owner Participants•:.. . Ag p, ct 24 reement or Agreements. i 5 2. The sale will be reported and transcribed by a certified R' 26 court reporter. perisonss or enti 27 ,• 3. All ties that desire to bid at the sale 29 will be re ue'sted to, hand the receiver their caxhier's check (see Z r •t — e , •' EXHIBIT A'PAOE.1 OF OF S PAGES ' � 'F rr�' )r.T�r-'t��r�'i J,{':,1,I rS �'({ •�..' t i;�� 1 ♦ ; ',� j1 l - , t I "/.. t f �-y• •r a rT�. ' ��,� ' y •+r:t:i yl t. fit: r,l t!)t'l � r ' r! '! � !'' 'rt.' r t 't �-+ t 7 i? tl }�,, r+�J,'. yc.�4 f 1 rl f��..l�t�r 'l :� )' {.l ri, r-f'• ', IA �1, }.Y/ li Yf f 27, t)i.4rt>,lrt, )f'�"1 j., \�. t - `�},r '. "r i!?'• f'f �'•' t ". Sr:.l 1;y! t- lfrr .'irJ "i'41`,M-•1.. • v' lr 7lIJ r1'1 API; 4 ! " 1 14,.i; t l t r +:� �? � 5 `j- r .T ti< 1 `.)14 t� It •'rS� +,., •�� }'t)�•,t:J ),l 'f )!t�•R :,.'. i 1" 7.1;�{i) .., t '; "}'•.r .f,, -.:" r. f; :"y �,': ,. t 1.� ��1' ,'�JS •j�i._.YI J t�`�.J.� Y t.•. t.F.� ^1'•f•1. 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I,. f. ~(Ylirhll�t,�ilAttll/ - r r. 1` no, 4 below) rocr to making a bid, and sign the biddliiq ' E instructions indicating their understanding of t • ham, +end their : a re'ement to r 3'' •g t,br bound by iiiis document. , 4{ 4. At the time and place of the sale described above, the 5' Receiver will offer the rights described in par.atraph 1 above four'. 6' sale to the highext and best bidder therefor, subject to the 7:Receiver's recommendation and confirmation by the Court, on the 8' following general terms and conditions: { (a) Each bidder inCludi.n the s�uccesssftr{' urchass:er 10J shall have deposited with the. Reoeiver,:prior to the 11 bidding,,, an amount.not leas than $20, 000:`00, •in the form `< 12 of a cashier's check, payable to Jon R. Stuhiey, Receiver,`, • 13 ' deposit shall be appl.,ed to the total hasae which ,^ pure' It price if such highest bidder completes the sale on the 15 Court approved terms And conditions. If a particular ld '' bidder is not.. the successful,, bidder, then the 'deposit } x l7 - made b any such unsauccessful.'bidder shall be promptly y ` 18' re..urned to the unsuccessful• bidder by the Reaaiver. x# ,' 19' the successful bidder fails or refuaes'to .aompl$te the transaction within the time, and 'on'the terms and 21 conditions of the' .7rder Confirming Sale, then ,tha 22 Receiver, on behalf of the receivership estate, shall 23 retain the deposit of ' $20.'000.00. 24'' M Each bidder shall have delivered to the Receiver, 25 prior to the biddi ng, a current financial statement of 26 the bidder and a detailed summary of the development 27 experience of the bidder, reflecting the ability of the - 28 bidder to perform the conditions precedentito payment EXHIBIT A - PAGE 2 OF 5 PAGES • II >j"tfNrrt;.r`.., �rL�•rr\ '!ll C' r «( r.. 1 t ) tlr i ., r .V (�.�_ r t f,r.:+ ..;;�•t itF� rftriK.:}:) !!!I t'. 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'� ) j� ) t) 1 akt•�'Y J ,'` 1'',it4.s.' r r ;; y� f t,r�•.I, ik.t ^�. 7 i • «.;t.fYf'r'J�� rymarl rai t i7r x *r!'ai}:t71+ fa '"]c tT r i r__yy ! r f r rrt rs 3 [' Arr r t•.wt q ' �1 ; 7 tt y t�.%',.}yt'.1! •t ,1 , r 7 ,� i + 4 17�1r, r + 'fi'.r W yy \ r r ° *'+hl�ry, e: r fv•r � t ,� YY.`l 'li�,,::[y�'�t ' } '1 r rtr:+ ,F t Hts :/iFrSc�tti'd'•',�� r !� 11�a ` 1 f'•y�Y,1)yri . 1:�{� r; '• 1�•�,is'�{ , t t��•. ritl•:J �1�,i}_tJ1�:7•-° ,11,•c S J}• i t i'.'a.s•N' 1 { iN '�:,� '.tYr. ! t , :ar .r ;tii, r 1 un the, bid Ahd to Complete a financial.4 pacts of . 12 he sale in aeaotdance with the ;bid. 3 (c) the minimum bid shall be in a total aggregate amount 4' of $475 000.00, payable in installments and subject to 5 reasonable contingencies acceptable to the Receiver.. (See' 6 no. 5 below). B 5. The opening btd shall be at,leaet in the total aggregate 9 of $475,000:00, including the $20,000.00 deposit. �►ny overbids 10 shall.be in incremants;6f not less than $25,000.00. The.balnnae 11 of the ultimate purchase prioe, in excess of the $20,000.00„ 12 deposit, as confirmed"by the Court, ihall be payable as;'followi: 13 (d) $130,000.00 of the purchase price shall bC owed to 14, the: receivership estate upon the '!renewal/lrevival" of. the 15 Exclusive Negotiating Agreement and the Owner 16 Participants' Agreement or agreements applicable and%o.r 3.7 •relating to the redevelopment project located'' adj &cent to the Huntington B®ash Pier (Pha�se� II) of that amount, 19 $30,000 004hall be due.and payable to the receivership 20estate immediately upon renewal/revival of the Exclusive' 2i Negotiating Agreement'and the owner Partici ants3 22 Agra •!� or Agxeements. The,'remaining 100,000.00 shall .23 be duo• and payable to the receivership estate within.90 24 days thereafter. 2b (b) $160,000.00 of the purchase price 'shall be owed to 26 the receivership estate upan,execution of a Disposition 27 and Development Agreement (DDA)' between the buyer (or -the 28 �; buyer's noMInee) and the `City of - Huntington Beach and/or EXHIBIT A PAGE 3 Or 5 PAGES 511•i S E�`•`t rr , ;yi.!!, <U '•' r y y�.e' L�„L 4 fl i•; rt rr^,i �tiiV•(Y. •f�'a�yif �t "•".:y i'Y"[ a'. . h ri rC [rlt ,r xI, ,f} } t++4' f 'ry•�Sl t r 1 i s •J)(/3 �j't It }!•. 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'.Y .,4 ,.✓ ,�i� t T'Jr .: f,.!(f: Lr..!:'�� ,i... .rr j,�.,l. ,..;�,1 t f, f:. ,. ,., ,le trr,:.i:, ,._ ".�,.. 1♦ , ::° r ,..? :•`r �,• t >r-fYr � r .{f �.Ptitla•e:, rqx '•...1 ,, .,-w '1:. �1 :.. ,,... ... i./,., ... f. ,. ,. ��n ✓,. .1� t[1 t1;- � tr 1 �ly. f_.'�.,. yyr'irr4t(,fip�]_r.L+�r,• f;\ir'. 1:.� '.r4• i.�• l.j, �•;�..., ..'.,att�t'i;. f. •yr �r j R i� ��! �L_�I f, 1'r� t/ �tl' :r �•� ''rr .f,r � r t if': ,. , 1, J i r .r• j� :`• f, i. :';I r �� _ :�. .,' t',• ,,,, .. .. �' ter'` i ,s r t s1'1 •t Ir•t. f 1 t r' 1. .- i .. 1 , '. '1 J '1 i,'ii� r r •, , „►i�i ,� y , ylt r#r< c.r> lrrr r ��,:; . 1 An ency or,,representative *the City of ttuntingtan� 2 Eeach, Of that” amount, ;SS,COO. u0 shal] be due and 3 J payable' to the receivership estate imitte]y "uRon ' I 4 execution of the DDA, as set forth -above. The remaining �i 475,000.00 shall be'due and payable to the receivers hip ' 6 estate within 280 days thereafter. ? (c) The remaining unpaid purchase price sha21 be due and 8 payabla to the receivership estate upon funding of 9 permanent financing, or 18 months following funding 01f.r 10 the 'Construction' loan whichever 'event or time per16d 11 occurs or elapses first. 12 successful bidder shall use his or it's .,. 6. The is br st efforts x3 to obtain the renewal/revival of the Exclusi��e Negsitiating l4 Agreement and the Owner Participants' Agreement•cr"Agreements Anil .t 15 to obtain the DDA, all at buyer's sole cost > 16' r 17 7. F'bIlowing the Receiver's acceptance of the successful bird;' 18 the Receiver will apply to the court: for confirmation, -.of 'the• ale. Pursuant to an existing court order dated March 120 198"1 -20 if no objection to the sale .4sl made by any of the, parties 21 described in paragraph 1 by Mareb 30, 1987, the Receiver will '22 immediately apply to tre court for such confirmation'. The. 23 Receiver's application will'be heard by the' court•on'the day'�the ePPlication 3 24 s made, without further notice to any parties. In 5 the event titel objection is made by any of the parties indentified..Ln paragaph i, the court will, pursuant to the samel 27 court order, hear the Receivers application for confirmation on. 2a April 6 f.'' 1987. ExmrT A - PAGE 4 OF 5 PAGES �' �1�1�tr" t"(/ti?t��ltt{\ :it Jt(''PF) �).i}Z�y J�✓a?tt�r } ji t f:tr !r'`iPf,'S�ti�rtljrttiril��=�' l M1r' �7r�iF y ►t k. ��t r�r1 r�5� + '!r!' • 1 f t'� 11tt t 71 , r!t r .{ t ►, c rt.t� ?)t . ti�+;.ir z , ,,.y�� ff L i7 i! , t/i•�t t F 1f +� fit t ��F9jj 1+t�i F�,;tiy �1t• i r+r�1 ti a iY..er( .>• •r ��;1� y ,J'S.i��t r,�t t�rr.�t.P• t , { �i t r.,tt r - -i ,•:�.rt ft�' ti t : in I 1 i L t�; � �.1��'rt�i,.• t��i '• � tj �•t r•.14 j , � # � ♦•i' %,i ��/ !�3 • { r .n r J: tt r , r � f ?r (" y'r• �,1� f. T!" 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M�.7 J:. .I r ri: Jt f.. .{J:�.y Ir � 1 :i ,7 J.,_• } i. 4,f.'q: ,L, j. ;i+ f�; !r. b• r � 'f � f''{ jxt• f of 'K.4�'e �.7�•�1'r`t''l:.r ti r it +' t' }" >'�. � ,;11 �..-r,c1•)._'i r �Jtr l ,� t4 l: T::{�fti ei, �'{I f «i.�1 i :I� x �i # r�f (/I: '�' ".,i ',Y',.!7' .y'i `qt \ 'ri •. 7f [', 1..•j''•i t+it 1•,' i��a i� r., �1 i '�� t 't�i 1. :rl ir' Cv.fl'), A}•d �ktk� .irf L .. f 1 .,. d�� -111,V, 1.{•r;�.f.,.a:Ft. 1'::1lr �:a ti ; ', } t}r.r{1t,,�r :1'i)r, "� "•*f ),.`,pry:. •''1_ +�r-t•;.! T..i ,lY1 r!/�r4. t,..4.\..?f 1 .1 ^rr1y� 'Y,i ;, _.r ,,fY ,flr, r• I`!1'tW ,fir ,V fry., r�l� �r.±, r�r�F'r.f 1. r- Yt}r• ( �,f 4 r , f C tT ��..rY;S'f.'';�.l.rl' .•'' > , J. c, '�� s :r � t!' ff t;�3�T•��y/'''i1.q »�L•P .it •�i .:j l,.S ,i. •tjy/j t.p�� ;'. �,t .+..!t T. t. .'n ` . *r 7, •r i ;t l l' 'fi{i. S� '`L!t`.iy 1-lei, .r t. -� •{=rrJ h (j 1l !. :i�i .1�.4. r ,+T�i• .y: f�e.�it.. ��:.4 ,i�i, :'..'1 �_ t,�! r tr t •• �. t• Y -y ,,1 rY �+.', ,i} � !'�r1r .J {. ., trj-;, { 'T Irt` .� rJ l . )r ,{ '\r+iT.;J Y rY ` „f r, •� r \ 'c'7 �;l _ �f tWi,�'h i :;•r�t t tr;A �Jt;-r,Jr ` rf 1r'. uJr�•1l i�'�•�.r4'1�,�:tl ,�' r� .t •>i1r .)� t,�i, 7! r,',!n x�l.,. ♦1} trrni,�}rl�.�?� i !, f/, ' f 'r'it'r+ ' '',r ' f 1� ,f I q- The river will not proVide • indemnities Vhatsoever �.Ir' r.i cr 9 to a successful bidder. No commissions, or.fees to '$finders",, are 3 to be sought or payable Out Of the sales price. 5 I/we understand the foregoing bidding instructions and agree 6 to be bound thereby. I/we Are tendering th6 $20'1,009.00 depogit 7 herewith. if my bid is not accepted by the receiver`, theAeposit 8 will be returned to me at the conclusion of tho xalee 3.0 Daited:' Mauch 1987 'BIDDER" 13. gri- x d Jr sis, ';I 12 and4ritelephon'a number'01 bidder and the person to contact .13 3.4 3-5 (Name of Bidder) 8 f�GWFOLT WOCAI Cx C12660 Phone 20 21 P. 2 (Person:,to contact) 23 24 25 26 27 28 EXHIBIT A PAGE .5 F D PAGES AP, W"i 4 k Ak 2. 1�';Ts Y 11 A, f(' If 14 r. la, '14 W ' rr in -IV N ot j"t, iTP . k A Vq- 1tZ ti J?, l`.t Y`` ;♦ ;ra ,S L, r the +,�1•rltiJ�'»i •TS t�S + 1 t # + Je •t ,, r �: tl� ,L v�i sly` y4h♦ S r .• J4 5 t IF lr f � � ►'Ya . ! 1f{y1 ill:r J `firA.L a. �= ay�*�� 1`,$ y 1 )raj 1t 1 li�.j ♦1 5' .� " .f t [ t ¢t1 } t 1 .�� a r��•i 7 SrYr �I 'i-Z'1�t "♦t�:91 t F' aR ': e. £ f . 1�4'r � I ��S r � `' I, r� I ,� 1 tt r�1.7>,.� ,f 1%yiF �� 1r4 t, {,L.• �1 1 71 �, � � ,. y Y �� ♦JJ { l A �f � ..+1•I'trj' t, S ! ++• 1 hL i tl,n L � 1}L �� ' II'J r i�•.,ll T�, 3p a „�; t�j, I�': ♦ rl;� t yl 1!' Jr 'r t 1 �! wit rr'r �" r r� y 1f 1 ".. c I �� s' ! i�ii �� i t j,k i:i .a ;tr�.- arl� ` .-!♦�1' �� k 7 rqC Cf ♦�'f h�A: tti;i"� r F�S-� i n •i 1 i i. 7 Z - r 1. r GRIFFIN" REALTY CORPORATION 76March' 1987 Jon7R., 8tuh].ay, Receiver 1�iDl ; Yos•ba� 6treet Suite , 201, r r, p P015t Offic.esox 1,380 Tustin, California 92681-1300 Res �►�-M Equitise�, Et. Al. ' Huntington beach pier (I1) . r. Doerr Mr. etuhleyi ✓ ' jco ditional, -,requirement,, Y #y mint , to in bid wh l .. . n' qu ich : , Charles . Rivr re.Corporation-. (CRP/GRC) may submit with -Properties/Griffin Realty ,, - the above E itiel�'`'`Pacifib Herita a Development 'Group, rigerds -, to reter'enoad sub• •at CRP GRC will, re r+e :full indemhifi�at - 1';; qu �. g P .' 'Richard. Schwartz,,, Guardian'Racepsanee Corporation, aeiak Thompson and William' clapper (all...'jointly and � severally), `fron J' any 1e9a1 actin whi6h(,� may be.:. initiated by any ,of the herein :' identif ied parties (or non=�r lnted'` t:hird', party(e) y; : ' thioh .. may ar2ae as a resultant of cRp/GRC, s successful bid , • &and bubsequent ' award" of the 'rights and/or, intereatr of tho collective parties identified above. Thahk' you. sincerely, ' CHARLES RIVER PROPERTIES GRI:FFIN,,,REALTX CORPORATION JOB By: 1. , ar r J It . Torr aro, President i n'Realty Corporation AGREED: By: y - Aut ox ate S gnator Date 1411NEM"RT mvIl:R 11RM: •Ftll1:6711 •\r%%IK Ri HG411. CAI MIR% k I1:yil1-141f.�1+ F►h�+ t - '..i a •'n�'-ri tl r.. tra is �r. :� t ' -1f `, a, 5t •l`rt (r � ,lit ril. .t.! 1� :F.f •, ![ '�ttl I, ttti� f f1 •.�n� r..t _ �f .. ♦t It ,i1. 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' y" rt t`' .7) ';;I y,. .sr r7��"'��'' f'• i sLiifif� IPROOF OF SERVICE 2' STATE OF 0ALIFOR1;IAt COUNTY OF ORANGE 3' I am. emplofed in the county of Oranget Szate of Cali fornia., , 'I 4 am over the age of 18 years and not a party to the within action; 5 my business address is 14101 Yorba Strectt Suite 201, TURtint 6 California 92680. 7 On April 1, 1987, I served a copy of the foregoing ;document(s ) 8 deocribed as CONFORMED COPY OF APPLICATION AND ORDR :'`DATED' MARCH, 9 3-1,, '1987. 10 on interested parties in this action by placing said documont(a) 11 in a ae,'ed envelope addressed as follows: :12 , SEE ATTACHED LIST I, then served the said document(s) am.follows. •16 '(BY MAIL) .I,.ciused`:such• eavelope'(a) with ,poeita?e thereon' fully,,prepaid to be. placed in the United State3 mail at., 16 Tustin'. California. w7 � � (BY PERSONALt�SERVICE) ? I oaused suoh '6riVL Ope(a `,':to be deMered yanto the aforementioned addressee(a). 18 19 "env to a (s) 'to apicked up,.by R t-OCWay iDeli.very-.Service�,,an ,messengered to the aforementioned addressee (s) on this diy. ,20 1 I (BY--FEDE �.. ,FEDERAL -EXPRESS) `_EXPRES5ov I ciused such er eservice s) to be 2l picked u: by Federal, Express overnight y e and _ delivered to the aforementioned addressee(s) by,°12'e00 p`m. 22 on 83 _ (BY TELECOPIER) I caused such document(s) to.ba;. transmitted to the addressee(s) indicated with ari asterisk (*),. 24 2 5 I declare under penalty of perjury ,that the `forejoing is, true • 26 and correct to the best of my knowledge, information and belief. 27 Executed at Tustin, California this las, day of `April, 198E E8 ' ShErleyrz tOF ,V'IW iAt ,.1 t 'S f it`:l; i - ° 1-ai r 1 '4i r >r r 4�� •�F7� {�'.l �7 yl,j, tip, iy ..iy�\L �1 'I,Z�t11�}d+}Yi l�Y. �rv�X 2�i \f.l�i.�i \�'"`!�`,Ji„5•f,��•i 1�rF�( �.. �1 �'�-'t`y kn �! ♦R, ( l } } r, ifs �h ii 3 t t r k ,• (( T +, ( , s '( ;H Y y11� rr t , rrt 1 rJt., \i�fr l.r J'`r,' !� .�ySwa'.J' • .`� � �l4r,ti,k � '�F! lt� ��♦v,�4 ,f ,��, i4}=�%j Ti{.r�� J 'lti.,�r�,Y .' \. �a� L.;L L d y✓, . 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''� •'�*�' ��}, �Yr si d�l '��i[.'(�t*�• ldl t 7$' ! � ;r 1 IJ�Ir` •. r i '• r ! t .`�{ !�'I T 'c+�( + ;rl �4t �.rri�a4y�¢ Ti •"�fl�p• i,.iiJj dt 3,/,�J.j 1 i�#'-. Li 7 •Si +': � fl... ]f /''•- y+� '. ��+�� + 4` � 1��i!'�� '1T��s j '� �- .��i y! rFJ( •t 'Y', ?� t i . '+ !4• •;lL X+'��)1�tiT •"`Stay+j"� rf i , ' iMr.�' i�,��•��.i � � 1 �,,'..• �, i r 4 i r `.1'.� r •. ,i ` �.;�t `r� i -�,'� Il r •k•' i r '` v..�� t. +�.! ��."(j,.r� 'l rr r 4 t • i � � T ',fs if�k•�,t / 1) � '��.J �k t (..'•�1 r .� , r , 4 Y tii'J-�'•t i t 3:I � 7t k, tl s a 4 . y a. jj �i•'r . 1 t , 4 t ;>� ti 1.. ' > � S � � .:f e. a , . ,S 0 '•v`. Stt iiY � 4 J t t j �;- t r `r 1 7L !!' N + T, 7 ��Ir >Z Y.. �1 � l . i ,l i�+ , ls.1r !.� vl + ..:.w r•'rr i�r �/f t4 �.R'S �+ r' 45 . nr �Y.wa:tr JZf �I l +Y. t Kr r � , ,�F. -t ► ,i� t ♦ • � � !, � r�W� �t '� !,St..S Ir +rt I,s � :i yt t"� l{1 71,.' t , '1 11...J -.r srF +'�- r ♦♦♦ + / ) ' et � 1..•;a4 F•.♦'r F.. Y i •' 1�11� +'.. 1 ! i j1l 'lf S� 1 T ��!' �.F Tr Li..,t4 •�,r . t J � � � ��(� t1 •'• +'�� i, { f l: r, .�� ,1 , !M I �i � 1r '1 •. ' ,3�i jY•.ri4(17 ,,p !' r f"iF1'jl� •'.� t Lif.�V !'. `l\4!�r...j ! L , r alr,. { '�"'.r r �t r t r 4i.J'rl*',! r �'•� 1 :t4 ^�' r'�4�' 4 `"�s�. t},�'i�{;�?;r'tia 1 '� APR 2011987 CITY'O HUNTINGTON BEACH GRIFFIN REALTY CITY COUNCUL OFFICE 17 April 1987 CORPORATION Mir;' Charles .Thompson BAND pELZy.�xEn City Administrator, " Qity, of Huntington Beach � } �r 2000 Main Street Huntington Beach, California 92648 Re: Main/Pier Redevelopment District +,! Huntington Beach; California ' Dear Mr. Thompson: It1+ Aay;3tyou:_ r are taware, Charlea N,River Properties and . ari tin' ,:Ronity Corporation heivo bean' "awa dod�ta111,;rigrite,.' titia;;andt;interoet-,to tihoaee�,' development rigrit�,� yaftt '1►-M Equities, Pacific,-; teritcge Gavelo meet Grou " p p; Riaiinrd'.;;8chwartz I".Guardian Acceptance' corp- 6intion, Jack; Thompson;,` William Clapper, ot. al. ,(gnlleotivelyr: as mere rt: paxtioul arly ooritemplated by::..'that ,;:certain 8rclupive Negotiatf onAgremant': betwraen'; tiheae partiab; ' ,t1�e Main st=eet.rProperty'owners'� and ==City of Huntingtcn' Hesacl� rjt Aedavela, mart to ens ted ,i?;; April '1986. we wero 'grant®d thecae r4 rights by `tha';Oran e�County, 6u eirior 1Court on ' arch `:,1987 after r P 31 M appointed sac.iver (the offioa of,•; JLn R. 8tdhiay, Eaq: t. ) oonduoted a Cou�.t sanctioned iuction .which was span to any and k ,.1'^partiee,tinterested in developing the Phase 11.4ite and fu!l:hesr, evidenced this 'action; by fck4aiding ',`all ;legal court dooum®nts �ittested ' to . this avtrion,' to,; your office with raaeipt • thereof aeknowl dge • ! e d by you (copy attached). �f �4: r. ent1+'� `�e :... •;. .' r �� fF�.,.,, _ I S •j , '' �! ,}`' .'rj+.- '+ �N y. r appea red ` >yePok a the � `Huntington 13etsch`„ � City' r Ccunci'1,t acting'Iin, their ,oapeiiity;'.ras the'`Radevalopinant Aq*no• , ''on 6 , ; '.1 'r Monday, April 1987 and 'rsc�aQstod,.�that the afoiament onad g 1 , s : ,dovelopment ; group, which We , hard l just P L, ghtr of the reviou + throu h _ `auction',. not ; be terminated , .for ;.'prior' no'nr, performance :(by that group) for 'a. minimum poriod`" of , �.hirty{ , (30) to''i, Ninety' (90) days, which ;,,irequest wts ,grantecl, by virtu 11;of. k� thciir,. desoia ors not to 'vote tp r<1'ind A-M in default, : ; we assumiid ' that•°the Council' eleeteid< to +a," tine to recognlie.l�=MlI� position in ord i to" allow us •.adequatil,'time tc demonstrata' our.,t atbilitieis , and rsaources . to perform � t lose obligations ragvir i of the: . Developer,. as more .specifically delineated under Secta.on 102 of tiie,Exclusive Negotiation Agreement. on that ,ba'eia and;.' in ',faet, �► prior to the Couno3ll f mAetin we eistirn4id our Street Pro i,x , honor, the spirit and intiint-,, of ! the 9 r pe..,cy owzsere Agreement (to ovidanoad by 04014EWPWCCNTMDRIVE- SUITE 621 . TWFMBCMf1,CAII MIA926G1). 7141640.9 00 tr 17 ' ry (,,) 1 yr ''CI.Cl J 1'. �� r f r ! ': -} • , r x `lt,yNSF .' ►�' �y((� a� it li.,` i �t{ j5. v � rt'1! i,• sib >r�+ i t,•+.s`�', • � y (1,- ,r y�, i , ii.r�•: 1.: ti.:hTc��' s r + 1.• i1 7.7� r, �l t' %rylt r tl. rj��!' ! 714i tj•ri r'71T.'iJL+1�F��y��ii, 1<.�ti • '� � 1..,tr 'f , t/ t `t?',t��;+ ' I rl� r i 1 �L S',jt. � , x� i ,�. Y�Ssr ��' �J•i . v i!A I � j 1 r; M I�� 1` r;i r i 1lr,!,rj i •/ +.♦�,. � ri�y t.�, �.1 s,( ♦ Jr ,'� •.�1}� .-��'i �.:l+�,�ltlt+,/�1(y�t!"'•t.ti �:1 �} t IJ` tlll l�..rh4r.t`tr: 'i- ivr^ ; Sl},,•, 1 �t1, r ftt''�` �! k 'y. •y R� {1 y t ,. + rr ( ',� r rY ! 1 H. �' .yi. i'. ( t'r 1 . �, t `�`7 �+'* \' ► s�'t! +) C i.: . sir' :tom{'�f �. }r it ,JI` i t �It s, �'t ��...! ,� <: ,n +t..M Jar+�1"�' �'l•ljr'• :L t 4'X's t ^ ,•,• +. ' k�,�t �` trt, *f'• ri:'t ,Y „tF�• � ,�„n ,, �; � J, . �;` }�� i y�l. 1'ir �: t .,�.+ �! ! �,! ;, J �_! n rt.-""•f Cif rl 1 t s Qr t :.i 3 i P +J, Lt r.' }r! `7+i' •�,�/k r1• ';'�' s 1}"'YIZc f.: ,R }A,, 1 ,r/1ti f.� ) 1 R}lr r• f' i 5 •{uf �� ^_._1''i}' t ilt ! ;tr�v -. �+ r �L., t .T-, r ](�[► r I�{t ..fi�� '�' .'�_.� �: :� ��r+Z ••t 't, tA� l'ri� 2A- i ..•� �1�, •�, >ij' ••� s ,.. i i•y... � i tt2t p �. .r; • 117L1.-s'..� �y� �� •rJl s.. r:~ +rSr ! 4t�r •�, jj�S !1�• {Y r ,'J:r�Yt},,i .j. , e{ j' i +•,,r �i? t,f �.i.: jd +f�I hi 4��1.r}Sl.. ��yyt�4�!�it'g', • 'J :, r .• ••�� 'f�1� 11 �t ?t.s[' „ -..i . ,�,y j ,�t•.. �. 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(.; . r, •.�.. •'14� Z �r• ��f1 lr r ', +j C r �l,t}FJrt..t'+ �{ �. y ( , (y i;� + • �• y yr 1 r iiyt ,;' t� r r ,Y 1 t 1 i 1 x rt , .�ft ft,,t�,-'•St l•. j i[ ..,�; l�s 1 rl r7 l �.�a . er ..�! trr Y 1 Ir(ii1. >7r ;;t,41 (�s�f °,ij7,ei;� ,.('.l •q rr 't1!'• • �t r`'+Y •.a •i%!f � .,� ,,.,5 ! r ( t ., lZ. J, .? "ir ! �yMY.� r•I�7F. .jttt.�+t+ !' .'�''l�r �'. �( 'x�"� 1 48 .,1 d'' �, + 'riM +r 1'••I +t't .l{C;�+ t J '' � ' `(� ---,� — - t ,,, . �•..r r. �p �•r..v R 1".r f}f� G ;Y. i ••^7 ( + { . ! "f•Y 1� r 1 1 � �• � ��.{�� r, -f' , j�si�r r �`1�.. 1 ri{ '7„ti.:.Jr� �� - r t -, ft ry i ti ,j� '` 1• �:' �-.. 1 ♦ i' l+ 1 rt! F r ray .iX'+„•ft` ! \ d st�:iliy \ �� t^t�sti `I� ,1Y, t , i( 1 i/r \r .•,t\{{f 'ni=1rtt ' r w t i i �aI r t '•aF �I.{ {Ic.i;If t♦'�-'�ttf+s :1"�Ytlfi.;+\ZJy+ Y F tip.- i t . -d ��I 1, r { 1 ♦ , •. t� i f t1'' tj � li,rl�� r} {' it•t ; \z � � f F � t ai� l.jf ik r � � y-. [ a< f`:Ij \ 1 ♦Yli �y� i Fr .. Y �, t :, t ♦ c?tt, f'. t !� r4 rnT ry ti{.. - 3 3 � •t J Y X_ • K , � 1 , i r .�•� � - r t L { `s , , kif iM•Vt „; � � :� ��, 1ya ~r�fr r'j�R.fi ij-�r `, i !• �^ it h1 t �.r: t t �r t ,� ;�� ;�Y{ •`•^ •J( �^)Y, � v'. N a ' , Mr. Charles Thompson s' City''of Huntington Boaoh 17 April 1987 Page Two t . r •P 87 co attache , their .letter to the City of 2 Aril'" 19 � - t• indicating. -their reoogai'� ion and support of our . groin,' as ,their new devalopmer�! partner' We also immediately began to attempt to reinstate e5'orOW3 with a number or the other key property owners in -the" Phase xI block, which had elapsed during the tenors of theprevious group. Ra, retabl �.na the process of trying,,Ato fulfill our obli rea - pursuant to-i:Section 102 of: the.• Fxolutiive Negotiation lioreement, itkiblsonme immadiately ;blear; tlsot another��,development groupx;wae dnd 3e 1 te) ';,to a ,. („ j attempting to : unda37uine our efforts ( and !, court/City 1 i�anationed righ seVon ,the moat 41 cost effective b�aeie '; b ofterin y Pro ext a �. Y g ',ta ,._bu certain far "sub j cot `jto ,.th®i'r rocaiving th e t $xolunive ° Righ ts. ' to NogdWte ,.r 43( with the �`'City',,": which,, rights are ,still exclusiveiy "vested:'with; us pursuant to the'Apr11 6th decision of your Councsil. A 1•i{t'4 +/ ' '.'tl 7ti,� }t, �� t', i � t Amide from , being' "an blatant �oontravention or the i existing; a 1d s still"valid` Exclusive Negotiation r:Agreement, thaii..ef.forts dice _ ®' best✓ intsreate oP; the': yeiry' cleeray ;Main , aiington P Y Ythe , , M of � iiu -Mdevelc mint diet;'rist r. Plan whose explicit n/Pier p: xplio Beach', th street Pro dart owns °r ,is .. �� . it goal • t:a prostote ' deal ; redove�.opment'�,:af ,tbin block, oonsie*rat `. Mith the design-;quidoling s: of the . Mip' ter Plan, at the least most ' to the Agen,,oy'..44 ;in.ithe molt expeditious manner possible, bj vorlr�gq , ,T tb dne rau.iitl.a 'loyal anerel e tf! .• , As 'iniiifc t.ed n �'� Ro +e t a g 'r Toriiero-1 a latter to you of 1 Apri1;'�,1987"; our rau '' has , an f ,,unparallAled .Brack -record; .,as well ae'; ,the iinanaial •waei6-with'sA11,.::<(net worthinexcess' of ';l$200'million) a{nd `,'pzavon' capability to move iokly and offoativel 7 (an P evidenced . "-b y (. , y,,, ourEreoent' mom lot on of ' ' the , a9,0, 000, square,. lcot'/.$30, 000; 000�'Griffin' Towers Phase I �- ` located in Santa .A:' Oa. -South Main ,'RedevelopmGnt District -,In 13 months ,start to finish ;f...: which:-. was ,:' aw, leaded at completi ntro acts. on) in implementing large redevalcpme .We �� ;,• ' Y{ :.. ib•f+6'r lr a' ,r-f,t ,'...�f :., . ,.e .� i,i,",�� P ext:r b=�ng� to� bear;, al..� f :our coil i�edi.atel y , tend are re tired to , eotive ,;- rescurooli in order; :to ': make�thie , pro j sot:.: ha t, ppen in a tamely manner, oonsieltent with ';the , approvedi taster plea;; We raquest;, (And, �, by..:virtue of the court 1, e,: and;' Council ! e recant decisions,,:` we believe -; xe t oleariy deesrve : the' right) • 'to 'bo : given _ a reasonable' period_ . o=' time `to per;form'our obligktions'without the deleterious intrusions: of,any unauthorized ,third party. This can only occur With your Immediate assistance and support. i --i , :, t: t,.o�,•, f�1�1��1�14f1i� „t,�i�_I,,. >!d t u Y jr l r4�`C j rr 1 r t r4f �7 t� r.-V r 3 L ! c�1 1 \t• 1 1{ + ,� . ♦ f, 177 IA t �.t •{ ♦ s'k•�' I :�;µjrt� 1�� `` r :t. • {y�T: >ii�Yr��r\r its ♦wr �! lr •i �7•: r t, 3 {� F,� t �� Y'€yt i�i i�itil N ,4„s;.7�ks�Y 4� 1i 1 'I +F"€a ' '` r � r F 'krA r:, � `9._tt'�`•',ft+�j 7 5 r t1 1. �1 t• ' 1\ �'j) 1� tI .CS rt� 4 s Y (a,,7ry�e ti Z j a �-��'�y5ys ♦�1 t . '..{�r �i�,F 4 t.;i , s' .•�t1Y' � t t : �:a FJ it i"�{t t�/�f. 1Ff 1;.4' t'{�L r f_"pSy'rii� v\�'�{it `< „ .G'} 11l Y�. , t{ f�.1 i,-'��zi S ►,'� Ft ?�.3,7��r,�fL i'r 7•/ . t�r,,� 1 ��i ay,^ t `FrYf ;c ,, , LF l• '� ! YY 7r 'r - ;yY � � ,,.� . 1 J• Fr i`? `t�'!�C `Y'rr� • (`�'ta1• � ij.:: �f� Y : C.tt Sr I•'`'h t V eji� (xtl �—if��/f�': , �"�ij.��! .�� ;;i}i �{.k+� `-j;(j! i �1 � c t�++aYl' �! 1 .t, :!" (1 i } `.♦ y3 ! is ,p f,. 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M+ { %,r, `( , �{ ,r. f .h!'�., •:, } r� Y.. a , 1 ' St.. . .Yiy i,, L..' 2£^ �'., q '� r1•.J ra .f>s �:.S 4 i}.`�:.. ?:1t: ,.��Lf �+t'��t �Yi,-s'".• • .: {`-1 �,i. t I "�'�• vl �!'f;: tt`ji�i.++�? jV3 )�[,_r:;� � `Y.._'�; �, �7 ��.1 -.t, '..�J( •:f �4'.,:�1 Y1�),.� \(�1". t� - i.i { !' !•F J�f d .� . :': ,�_. ��• ti ; li (� f .1: F `S� .�� ,+ �Y t! Fi `1�7 r ter, 1 t L S' +i t :1 z, 'Ili; frt,�ii �!t.�,u a}'j:Ij7lir,i !ty'yr e.Me� •i Yt 1� �F >,iJj_, ,♦,� �1 A t ; �( t •i f ? f4 Y �1I t F r,\(1i t . •rl tfrt Ir;'Sr ei..,Yt' ��:!'Y'r' '•,�� 1..+.t 5 '7 (•Y,.'.�,'�, ♦ ijf�,,1`�,,`t�'1�;7 S.t } rr �'�•vf,.lb�•-Y<t�r t'�r•If i .: `'\ F 1 rI n,.� y ' -jt a? ir- , jj� 'r. �t ?<.t. 7.\t/ -t �,. �v:l t i1r'i�11:ff �•'_ i! .• , ': r .`t♦r' a' Z:. ','> li Y ;'t..l � >.. {I .T �F, r �a'f thr iY :-{, � 7 ''I's; i llrl •..,� �Jir>•.s s�. �1` +:;. 1•.+� i IF''fi•tii i',.. 1!.t i•{t.F �{ZJ. ♦ F,Ri. :.��,� r�l �,r4,�.rt - r; ,,,r• tt •�: t { j' t;l 1 {tr; ` ��, c,ii'i'''a, >< ;4•.• �' i� +i--�j1J��f('F{' F -'l• �'{!{ r.�:fa 1< t^,frp�� '., 7! i,,+ys,r, t + l `. ,, t S ti 1t.I '1�!,•S I f �t �yf'tt� }2 , 4 : (Ft•,�:. 1+f ^, lt..'>l + :•.� 1 U ` t �'t ,i',`' i.+ � _ ,,Y.. �Cr 1 p , ;..' n ��!•�t • Y' r i �.. (�•r i y`r,: , { Y�'I i ' s tI tr d� i xr - t•' �+��. J �a��,itl r (7 �1 ,%1 ijV.?�'{•t� •�i r. iyti {Ii'+t .ri �8yti•�;tt !'• {•]t��, il:�;'It / .•: -�ir}� � ;. t,7}s7fi4 t! ,',, }si .`S J r� 7',{)(CrrAlt'' s 1t �•�t /lti: d{�� /(yp,�,^F,•,Fh,/.. ^; 1, f'` �..i� �!T�y�..L ".� \�.�.I+^i;,i1'. f1 v•7� f.:.....�. , a�.:. �a�} r,zt �}',' `..7 tf -'r �l 1 .l� i,f�,.., I Y,t 2,f �1�' :f} • 'i r.>.f�� t..'a�i+ r' r7�•�! I"r.t,}.�`r''�i;s'`'Ff+ ir'f'.,� ltl:'!':�:t t,1,i1�:' rt5.' ,rt- :�,r i-ti( t'`� t 1��'��^�fIrFS�1�.��•, s 'S_t.�;,i.•, � ,,.�. `•r�� _., •� d ,• - �' T? t,. -t S ,yA, if,. ;l t 1� a 4i. }', I:>kl♦�r�6♦1,' tb i•� iw �ta +r,^" ,1 � :,,, i � � s, r —G l ,• .i 'Y -1 J ,F. ,( -1i1; { •", I !.r �f` � {� +t"It, t v.,l �jt e a F i.�f f' K; Ni•r�'.,11.%tf ih �r, �t `'}�tS u �r. �4.i. �1� �;, r• is'\ 1'-i r `J, �t'i' pit., 1f'r�t �r J•r �r ��?C.� 1� Yr. +� �t''Y' 4h� 7'i'. , r {. ,� + g�, •.`! , f 1 r� I 7,J t r t i I� "Si hli.,' 'r ,{ 1 r �1 ,i•►�/r, I�,1,�+�rl,'r ;�,. � r' ;'w , i 1 � r' , t�, i r C (� � r '� t Y {{rr . ' t ♦ r .� • �) kt `�Y�trr ,;,3.4rrtc. rr �, rti�+�fti jl L !' � {(Tt` ,: ��.(^ l+ j» �p � f �'� r•' yt '� ,r di .�,: I .� ,`f Oil/(. t -i sr 1�, r. ' ><r1• •' " � r ,r' � y J.. r Q' t a a�'rl / • , s r� tM+ ; 1 ! l . t i r ( 1 ! r wi tS r r�z k + y7 t" t?Y�1! { . i r� �(�r w 'fC„w i rt ur• �� i rrr % t t ,t + 'r A ,� y.y�� ; `' i,� ��iw I - i E:r r , tsr ! a ��,1i'•¢ `-,'"i } `•' .;•p . r. + r t rr �„•if ..r . r- . :. 1Y+.til �.CT k,; rt +a r �' Mr. Chariea� Thaapson , City:of Huntington Beach 17 April 1987 Page Three Thor request',.that the Councilp y l fully 1 ore In order "to ,assist us' in our . offorti we res eotful s eoilinall ' . reattirm its aorua tment`: to coinue to rear nine the existing' Exclusive.:w':'Negotiation Agree ,initiated by their ',decision 'on 6 April 1986, : by issuing a letter addreoeed' to each "ant every property,,.-o`rnerl��in the - .phase -II block, , 60 well as to the other dove) opment ;.grou , advising' there :that until .wa'+' (Charles River Properties/Griffin 1 e0 ty„`Cozpozation) ! have proven ourselves iheipable' of portormi'ng our, ;regained -'obligations under., the existing ymnd, still • binding Exolusive Itegotiation, kireement (as may be determined' by, the -City cour oil) , the :.-city will continue,, to'' recognize us ,'an the. only developar,„with`the right to Negotiate in terms of the developrent: of tMe Project. conneotion-,,with,, ,. , our ' bbl i at to be • perform ed ,i We ',have rs arad a , schedule, of tasks n i � a g as ::,we � �, Negotiat g= bet Sons an them to., pursuant to section,101 of the Exalusi' iori A aiment which is attached hereto as Exhibit "A° wev. look "forward to and, to a long .• and mutually ' beiieficial :relationship with you � your 'staff on this, and other redevelopment sites in Huntington Beach. `tinal note, it is ; our' committed ! nteiitioii , and goal to �•� ` respond to -the request for, proponal for, and ideally be Loleaty& . an, the master developer for the Downtown District. Thank you. Moat.cordially► CHARLES:RIVER PROPERTIES/ GRIFFIN REALTY CORPOPATION, iCo- %ere hew L. W ittee General Partner MLW/fat: _. •' gnrsiosure • , . , , � t , xc: Rc�ger;N. �Torriero .. • . , R.'Michaol Jo ae; Fsq., -Allen; Katk nsLeuk, Gatible,R Mallory Ali'` Members of the Huntington 15oach .City council '• �r t:S nt / 11`a i"i,T'' :. {rr i+ 171 �'1. 41 �., >4 pycj' r ti t i r 'r�ri F, r / atr ; r:: i ' .5i!• ''"t'" 4� Sij. 1 M 1 i' tip �.»i r�'i tyS r 7 . r , {'!y 1 it ,ti % { ►r,: 1Le a �t�., {, t t �r� `JfKi. .t� jle +� ••, r>>I tl Qr �' M 1�; it -��)1. it 1� ttt i jt��' �. l' '1 t l': ' � �{�..� `�. T.�'�i'+iv?\: rt R ;A(' '`('Fi'Sr r•'+;�..atr �:��1':tt v ,�.•�/ t�" �U �'� i'•�tils Apr lAl sJ:Tlrl T�lf`!,P �r ! , «T '1 !�t��' ilr� i.rh T r '. �. �infl rc 'fi�7 ��'t T •yr �f' � ` •;ix•'rt1 }{1 :1 T,ir `'!),.{ ;34/z .!' rtn�r r , : Y .%rtlTr rt ltr..,� r iKll t. vt� r �' I� 1' Si j. t l 7,.1 r' �£'E l L . c..J + F -., " . + 555 k . tl G• + 'I •rl 1} ql ', L r). ' \y�1 ✓ it t �I} 1 ttrl •'•2�A't°''ti�ty'�FLi^S/��,t_� t f: }ri ., �J 1 �r '.rLi r .l.i,� I,tw ty! �"!r r %d`�y.�`jil t;.l:�f, �v,(;5•2�)gr�j�. 4�,f � ,b ti _a Y ,i► 4ir1 ,.i �i/I :2 i.r al rN, r t % i� r rtt�l i731t,. ! ;.1'„•�Iri;. •V�?# � .tti.f��+�r {r' Sr t�"/' �,�t �,j11�J{ 41 +1 _,; e j ; • 1 4� `� rr ��7�1 ttr ?�f iiy'c.+, y�� I,ry? s �j('�. 6' 1" �'�:, ,rt�� :i•,�)�,�i1 - t ;>.( ` 1 1i •! i.� �,.7a'� r`d1.:rl t t. ♦.�! � '•,', :r .r.1- •j' r+. l�4�A � i <.). �7,�.2'�i �f �i,'��>'.r7.tlr, �# iV+*1 •\�I�J,� fSr. '�R+i.�t:v+.� it �,�T y ;�:7}'r^C't'' � l r ..i1� i •i;�,tt 11� !�` 1 ''l,y!l�Tt�.�'•l�,y.. �� t'3.4:;r�., � l� icy'/: k•b ' ` yi • ,1;'yr„,l,-i'J,,.; ,'4,, Ili,, ti i ti-1)C t.: .�.'3 / ,,ti;,l,la r:.y ,� t�;r ty. ;ltrrr{A. "yi l� jt+�l' }}jj++;.t:.Yl.{t 1t,;<r \ y • TIe tl Yt I 1 T'.t •.tt Skr `. 7 t i, to yri t• J� 1 .,�.y� ,I 1,s,. �,lh. �!:; 4.i fl a .y,•� ..:t i.:! C `l: t+{ (! )'',:L' �,.-7, 1! 5 t•`, rI"•�l ,sl liR. F R ..} p,�v �; j i.+ ��ir. r•\l,: ... r'i'rt �,fi •. w.. i, .. � �. �, �ttv, •' 1. r1F l'_ �r .. � �T , Y t. .�•-:/ii /..i•, ll�rjy` �:I,' r� 'r!ti 1 tiTt.'r/ ;� S;i t .4,:; r M; ,`/ 1r '• ',' ; -.� r (�,..,, r .; rfrY - ,'.1 .� >tt�. ;� Y. � f[ 't..,A ,1, `�3, t { �'. .Ir . , �.z(.�j, ,.a. ��,.r>,', ','.�.. . � r.• yii, ;., � �.r , , _i_ r ,r, .r, M� 't �l"(y", rr . t r`t r L;. S1.�t i/'i �'�. f j,`:'• `iq 1� 'fC �.�ir'� ��"•;►j rE.�V J�.. `,� ► {: }'••,. �1 �L. ',St ry�1�', "J � ;,.. :� t;� I(�rt', "! z t �; {'•'`�" .`l }r� a .i, llr ,,,,i1.1 '+sir 's1�t• +rr+ l�rt:k•�t �, .,'a! � T4T•tr •,} 1t 1,:; �,w�>1� '1"'1��'.1.�i'�rt, «t •+,�. .X'a��,��•tr Kc r ! .«,,.,L, . .•-.., t� ),�r .�{ � L ':1 `'a ,, t rY{��\ v' I '`: r) J,%r � %�171� }•: :�jt a, r'. � . `�Nir� �! •1, t'�`�yr� ;t, :'7wm�, ,_q. ,.>' �Jl. '; i1•VS --�t ' _, ';lr: tT, \i�. Y � t :t:'yi r{�%fy:'I .�r', ! -f, ..•i"•.\(:w' +ri,t-!�cv1_ r j.'y1 �5 r. r.:. �'[ #j"4y.'o['t'��l�. ��ti r..�,..;(1 :l;j,l.+r.� r:i�. � t - )t,r �, i,.l 7R,, r �, + :;,.s: ' '.tti r� %• -� �1111 r• y,,, t >,}. [; ,°y 1 11,1: 'e 1 •\ f ' � •:•+ + ,� i` t.;r1! t .{ � !, ! J'.rw li M g.r1 +��",1,•;>, .n?��IFra? ';ar s��.�"+i>z• Iru�:"'•�i�.:;Z.,; + k! ;. fir, t` r r t 1.,1' ,y I �t t _ 7r :.�• 1''Itr4r ,( y7 %t tj•'7.•�1.5 jj4, rtv ,;, )t r*r. ,'i'1�y ,i 'rrj�lli),1 ... r _IyCU. ; �. t is ;fir rr �'I i�f. j« �� .f in �,<r �s _•1 "j,-r, +rI'l)�,1 i •.. +.R; ?r ai ;r t ,;11� 'r ... J r �: [ .'I4 i; lr 1. `il i•l'S �Y!S�I, ffl i'C i(. rt a/ .• ti7• L t .7 �•, ,� `/ ,S ��i'i -: ��if�ii'•<:r1 i..:•r+bk,Y(, ,,',;. r;K.:r ,tt ,., i_.'.,+i..�;tl �.�fi '•.i r'e, t''l�t ri rtl+.,r'• •.a 'jl ay,n +�`lli� �j`..i� ., ilt ; IIT,I�;yy r."..,� 7f,t� i�t` ♦ !r h. r a rrr l• ,.-.'. i'r � r,. ' �.1 liG • t 1 r' 'r � I,') � �`• i •, yt .11ir r �� {r�rL h _ " t�,i.Tr • <<i •:q,1i Iq f YSL t r.'f_ ^ L��f, ) ! t i!.' ' � •:11 •`* ,i •j e,r in �,. A . .. ^ . � ..'' . ' 0%411�er/Davelcper i Griffin Realty Corporation/ Charlem",River Properties, a Co -Venture Matthew L. Witte, Roger N. Torriero ftneato,Vrasquez, Partner -in -Charge 1. bidder and.awarded'all 'Superior Court the Exclil'61.v6 ]Negotiation -Agreement �Propert�- Owners and race'ived their initlil-I approval, aa evidenced, by .,their letter to the'City of the same dRte. ` I A " k - - .. W�, 11T, of I, A;, 'j 7 N j-A 6 April 87 Grif f iwchailils,� River foktill'y city Council 're, 'ist, Cit councili'to:allow it ransoptiati,, with , p'jr6pefty "owners and 't .6-JiGviia plan,. all' may, be risquIred. Council;,agreed �,io terminate ZXOIUBLv"e Negotiation Agreement 'with A-X,"et.'al., pending review, at a later date{. to April 87 rpriffin/Charl'so River masts with Matthew.:L.'Witte, Terry And,Thorp to negotiate Bill Churchill and acquisition of their parcels. Ted Shooluan hiso' meats v'ith!A4siftant City Roger N. lorrisro Admin. istraIEor'.t:6`. review plans, allowable densitiee and strategies for moving forward, 16 April 87 Giif hi/Chairie"s"River zeot3 with Ma ttliew L"'Witte Uzohiindros and,iakes offer to Roger, 11. Torriaro 'acquire their site. Also meet with City to: give Ch2r let Thompson,. progress report. AM1011 TO BE ZERZOMID 20 April 87 Girit f ln'/Chailes,.- River 'delivers lleti:er, forzall retesting-. I". apecific',, Plan for • assembling the requisitft parcels. By 8 atine 87 Sub Agency!s dn"p'r6vk of -,,, the -!; prol' opzent`'ocncep i, Charliwvar.- alad Ageiiay shell ,. ender: into . a XeMo 'raihdia of. � Understanding'. del in'eating the4al16nt businesa terms of the forth- coming DDA. By 26 June 87 Developer and Agency aball oxecute a DDA.* • • *'In kthi"sVefit' that Deil�i*�'psr�'is, throu•gh no"fault nf its 'uni, del . ayed in 66uplitin4,the negotiation of ft'DDAj'A9@ncy shall p'raVoide.an ex- tension as -required. 1�, 4.1 5 rW4vkt •iu R tj Zal 'Y Mlllh%; -,)1 0 1, it r( M jj �tl' k I 1 4 1 .0 `it) q A 5 7'� t, &P C Uq .,,,EMORANDUO Jl� DATE: 21 April 1987 10: age Distribution FROM; Matthew Le Witte RE: Ravin" Schedule of Action to be Performed by Developer Attached please find,A revised copy of this Schedule of Action to be Perforied by Developer originally prepared 17 April 1987. Please note, that tbsi%', &'_* activities added'between 20 April and 8 Juce which we neglected to place on,tbe original Schedule. We Apologize for any inconvenience created. Thank you. Attachmnt "tu-DISTRIBUTION: Charles Thompson, City Administrator, -City of Huntingtoi Bea4h WilUgk.Ch%ir_�hillj Charleg River Pioperties Roger Toftidio R, Michael Joyce Esqu Ire — Allen,.YA tkins All'14embers of the Huntingtoin Beach City Council- 7,' 0 1 1RIFA CORPORATION "UNtwYMCMER DRIVE- WMGW-MCWFWWACILCAUFMLA92tvA-t?14)MG-DI(XI A' X, A 11lf'' a, , .AV R ,V L N'ktVAP' '�, _411 s aI4.�u N A, i jI '� "1 1. At . ..... 7 1, N Rot A Pr 11,"; Q V 14, F Y t,z 4j, "1 7 01P ''4.•vr 'Y,'%w7 t� t ?r rrh �{ 1M S��'2/r f. �� a 4t„riNi ','i r7 " .f� k. S. (t'� rr�%1 If[.,j�fp`�x�[i ! 1 1K�T`"�r v Ir _=�. Ir •1 }, ')t1,r.�1Cf'7,''ar_ti [ �j t J �tt.1�+j! }� {��y i„ fl {t}�'rl .yrli �4-�+� �'��SC`)t tl' a! .,,_f5j�,t 'J `�.` ��' �rl��fr. }i�•1� + g Ravin" 2=21-�d7 mantingtoa Beach Main Pier/2bess Ir r �.42U��e otmotion TR as par: mud 11 Dear 1.7 AD= 1987 ,R > 10glament Teat Oamaz/Davelopsr: Griffin' Realty corporation/ ChaL•les,, River Properties, „ a Co-Vi :6ture,. , r Matti ew L.', , ktte, ltogez•' N. ' Torrisro (714)- 640--9100 Architects ` �' McLar6�nd/V'asquez' 8 ,PartnerR Costa."Nesa,.California , Brneato'' Vaequa,z , Partner in 4.harge (71.4% 549-2207 ;f eta �4i1 ea'1.Lho�1 6 Nar oction was ion R. ,; Stuhley,. held' by Rsceivrart Crirfin/Charles Bsq.', .Court 1►pptd. t., River was suceereful bidder Receiver 31, r� Mar, 87 `'1 IGri!lf in/Chailes River aonibija*ad ',is orangs County _ iuCc.6salul_ bidder` and &warded all`` Superior Court ighto et;. al.-, , under the xxolusive Nagotiation Agreement with',,Ci`cy (dated 19 April 1986) s;• 2' April ' 87' Griffin/ChaYha' Rive-e,'presentsd its Roger N. Torriero, quiligicatioins �rto the', fain Street N. B. P. o. Property' Owners and recsived . [their Initial approval,' -as evi.deaoed by ' their latter to the 'City ' of- the ramie - date . ,r Ttp r Jt rrr[! tl r./�, [ rr+(r! [.jt (j f, 'I .�5�i• S (/{{t 1!A'. (♦� 7 � f2 .i�`.t '�+' ;1 �i •. ffrt y r :. t y'.�j• I [ J.r it t .' tr , ! A ��y) [Y % 1 f�y .{[�+1 1 �y ♦ S�}r;.v`(f'i �'�•x r :. t � �i YI`�,� � �.• i�a j'f 't�1 `� !y�' a� )r.,� err! t ,1,7� i 1 (L '. L4 `,rt'a � +;"I.t� �i� "�MiT r�A-54 �{ � ►�+,�""�9_'`ffN�=,. ii) r,(( � , ,[ �� rt`�`�� r�i r�v^�rti,a ��r�11tt�C I � i �3 fthI{' s, l f (/ ••' f � J l�r,:; i t `f °� ! �. v,' i� [�•l� �it �.�r; �� ejtil �1;:f alb'? p, r i•,1n fK }I='I�i.rle. J { �+. �.J �, .,' r,'.�.• 1 it .%�� [ It�ilyjt: r.tl•t1rrf;y'1}, :.;"tM+�i i,lt, j'f •Ht'}r t� ..r_+:. r• i 'f � r'Yt., yp /� .al 1., S i �f F .f♦a !j� ;' . 11jtiy5� i� 'trilj�`w yt K'S. ill., (f r ,15 { .+.i `ti1,,'.r!, 1{a h yF.; a;[,'.it i r�+ • AC� ii ft �ly �y �„ p e �,r� t%'j�',:, . ,r' r 1 �}t� 1{a If �ly5''�Yr '.� �(',l lt�''(.'r,fi[{ io/` r ,,..-J. �e, 1' N s ,r:t t /t : 1. . • Eli (�Y %ri....tt !r$�L� r ,li rT�f` ��M+�:/1[c tri. [L7l['a�•1.y. ' [ 6 f i WX q. '.1{iL + l T'+ ,,'[,14 ��.�i 1. 151• 5�� t Sri, ram., �! ! +, dC� r,i.,. ''Yltiai [ 4+! }:L`f '"' r�rfl� [�� lt'� �iG�(1CY }�� [;[ ^'�{,.ld7J�i [Y6rJ tif'J/' j l� Y�� r{• �'f}�irl�ek�1 [�N{� f''" ��A15.[=fly ;�1 r'r� �'lt�4r 1�,� flrr rl�.r f�l,�•<<i 3i4r ��j'� �}X (.�s, ,.V r�+�,r i'�.�,Cxd'f'J [�; }-/jG yY1, _F��,A r i' n T �,y+• 'tj �;f'� , �". .�� - z tt,.[ ir• f.;�a ,��• r i ;� ' r!ih r •Tt [ , 't` , ,� ! [,'r� �•/v 1 1rT•.,irfJY_��1 C• 1 r i � ! i- (1a+ 1 '; ! ...� �it .j lt�r4 r 4 r t ![. f' y� /+,�•%%il..•i��.r [v[ '>_:,rr j. •',}�rr,'.t 4i`V��i �' 1 �{ i alr ii[ ILL+ f +r. f� 1. S� i .. "i .I!{ 1}'�1t,^+fiil•'i�' s 3'FJ `>•.)�� •.. ..f .., r.. _ I ... •r. i....r ... �.r. 1-.l r .�1 �__ _ AA �L.�Ij.... 1_vl rAV 77 4�Al xpiil 87 Grit! in/Chirles River formally city council, requests'I'Cit coumcil tolallow it i'sf", t sufffa n *TVA a 'to renegotiate" with property owners' and to revise 6 K-X/3DI plan an nay be required. Council agrees, = to terminate Exclusive Negotiation Agreement With. A -Mr at. al.r pending review at a latrir date. 10 April 87�iiffin/Charles River seats with Hatthew L. Witte, Terry and Tharp to umgotiate Bill Churchill and acquisii1ot of their parcels. Ted Shoolman -.Alpo meetm with.Assistant, City Roger M. Torriero,, AdiiS:histra:tor,to review plans,,,' allowable densities and strategies for moving forward. 1::% April' 87 :Griffin/Charlss River meets with Xatthev L. Witte Omohundroo,and makes of::ar to Rogerr. Torriero acquire their site. • Also most with City to give C*.2rles Thompson progress report. 20'April '87 Gri:f fl*jcklirles River,- de'l iVer'*`e le"tter Dick ftilowi forma liy�,, requesting: city Amines-: Thoppson'& - ' trator.,to'link Council to' reiterat'e• its Council recognition of %-M1M','1kC1UsiVe. Right-.. to Neqatiate, pursuant. to the existing Agreement dated 29 April 1986., 23.,.24 April 87 Griffin/Charles Rivor to- meet with Natthew Witte*- own6r-participants and work towards Dick Harlow finalizing a revised Agreement. 27 36 April 87 XclArand/V as Griffin "a ai6bitect I X* &* Va squez; to -neet.1with Min Street Property aperty. Dick'11arlow.. Ownere'.'to :.refine design recluirenents and incorporate into overall revised madtar plan. By 8 Xay,871;; Execute a Revised owner-PhAicipant Agreement I T1q-__1 OU 01 ;jf� �� MMM N By it May 87 Griffih/CharlesLRivar iormilly requasts Council to renew the- +swisting Exclusive Negot,tation Agreement and in so doing, to recognize',and accept.us as the nee ' developer, replacing A=M et. a], By iH May 87 dri+ ffin/chaxles River to prepare and I submit" a"- detailed Development Plan, iiicluding a Program, f'or _ each component a�;onq'.. Nita► fidhazatic arohitectural d swings davelopaRnt proforma with ;underlying aasu&ptionst ,hstimate of all costs and, a speoifi'.'Plan' for r . assembling the requisite parcels. � tune 'evto'' .: _...+ By 8 SUbj*ct,, ll�sncy�s approval of ,the pxaposed- d.-Jailopeent c6nc4ipt,. Griffin/ Charles River', and Agency shall enter into,a Memorandum of Understanding delineating: ,the. salieint btasiness terms of the torthc&A i ng By 26 JUre 87 Developer and Agency shall execute a ODA. I . r --t.rww►-mow-.—►rww M�Mwr��www��l.w�r.rY��----------- A-------- M.--W^w-�w.�rrYT�wY. 'n the , evO�t that throe no fault o * ,in ,aaoplaYireg, the negotiation through -no f its owrn, �glayed tiavelo ion of a DDA, Agency shall prcvtde an sx- tension as requited. �;T } 1-{{ •."q' Y j r { I It { r �d t y` 1 '! �( �r ► 4. y' �r �(�4t�' 1 f .. ti c J r t .tr; yj♦ .. .: � r} � t j + r /it � � �'l � � /q �t{tfi 1'�{ �1•'• irJk'}y{lljt �c •r11 �,t r.: t Otft t 1'' YI li �r r{. yJ'� .'.7fr#f(•'.Lr_ J�, r ,•K`J`•'it� , f* l.: { ,�r�� 4�.�. /, '�� f ..J at}�l� .� ]r �;� • � tom:.` � r 'Y+A If�'�. c,.f { ', .1�� " M I V� 7 yr" j Ir A- •MEMORANDUI ' DATE: "21 A0'ri1 1987 see atlow for DistribuUon FROM.: MEthew L. Witte RRevised sastdale of Action to be Performed by Developer E: Attached please find a revisi4 copy of che Schedule of Action to ba Performed by Developer originally prepared 27 April 1987. Please note that there are acti-Aftiew added between 20 April and 8 June Wh i ch we neglected to place on the original Scheduli-;. We api)logise for any inconvenience created. Thank you. Attadbeent, DISTRIBUTION: Dor6thyleirry Ann' Mane Gary Milligan Eldon 3 agstad , Glo;.�ia &.Carlos Costs Ahead Hamid,Abilel mut I Frank tracehllwlo Eleanor Draper Susan sullflvii GRiFFK REALT PY, .. .1 1 lo I I , , - , ..I .. � ; . , -, 1► 4 t 1, -, , ,, , �, -•It 4" AT II p OR , , — :4Li i , " ` "j, -9 -V If 0 V k IV 'q' ; . it i "0. IV_ M ,*lIt,_,,.,. I - t ., 'j51: ljIe. ,/ N Y 1i, _ i `1; 1�AT .II ..I- '.r t'S _I `1, `+. :? .. .i''a.. -1- , •, .: .1, (_ r.7''',l rr �.t. V'�,r a!r r{ r .r..,� . `ce_-s',..t ';'.; .'- i.. .'r '+ ,,. _ - 1i i r /�.V i. -�,.. 4r '•Zr ,,• r,,,, t. r } y.t, 1 , -:�.. ,.. 7 ; yt' •�tlS �Lt.•, t ,,rj • .. 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"i.. } ,... 11 N' •'' ., +, ,.+.rJ'i '..'".1I. �t`•rT�"�1 I'•_t' , ,, ..� �'r, . :.:!• rJ , . f., .. `,,',:1, is 1 l;, ;.' r`` t,r 'J �_ a7 , yj ,.rr i I'. Iy . _ r. - .. ckt: f ♦. !.. .. L,a : -. r.� �, li:i ":IW�'a!�IIL'.t :..1,, aCld.tt Ir, A,� .; r�y'Tf f 6I I I . I I I I ,1I� ,.1I Ij •,JYIf .. 1 ,. $] Rom: ., iI I , I �-4!I v I I 0.A1I I I 11 � :I J. .,I .�: � I I 1 .I � �. .. � , I I , A...��II %, tt 3' �.�;I r L , One �JongfeUow Place, Suite 3512 II +,� j t'41 ,�"- II tj0-f011,Massachusetts0211} I. 0 N''� ,1 ' * . I Chark:s Rivar•Proper iei Ltd. (617) 723-7760 I t ! ., Gr ,: a,t ,e 1 • ,1*r,rt�r HAND DRi.IVCR , :0. t ., ' � 14A ,! sprit, 7Y, 1987 <' n;t:J a ,'T ` /f ` G i 'I' 11 ? r y 4ssJk%"24 .' ' Charlt's N.' Thosapeon, City Administrator/>wxecutive Director „ j' J ,'�;, ,, ti Katibera ,of The AuntingEoa Beach RedeveloFinant Agency a { , � Jt . 2000 � Main Str_er ;r�;),-1#1 ; - suntissaton Eeech, CAlifat�ie 92641E • . , . ,.r f l' I , ( ., �r 4 ,�,-` Ras' Hain -Pier. Phar:e' it Project Area '', 141"3 41, rVt> Dear. Mri , 'hoe'amid raabere of the Agr.ncys ; I ,a , J t' ". ri t 'I I. ale vritin to eraonall confirm Charla3 Riv. . r r ,,,.: �: ii ✓! Wr+,: +� P r,. Y tnneEe 1,11 aincPieL`CPh'aeechProaect�� `;'' pracaad,Mith tha;is*slrnaachatpthaze should be ari doubt 'on this score, j Pt ,%i` . 4 41 t3 '1 ` y l �, i /tp . �= 1 Ian it yusrpr ' _ r7;�x%j�i ,A,1 ,: , F .,4 L ,,: ';'. 1M - J. :.. }'.i !' �.li;',l+, ✓r. ri1 �':r ,K r +1`?� '-1 '� From ha first , the`lavelsaf our:corrsaicn�:nt,lra►- be-aaaeured, our erseve.ance is ' ribla c iixit Sihea tre be as our• involveownt t at ' r t.. S Eace of conmide rr r;2 �( s , ' _ oap y. �" !� , , '� ' 'the solid , (3, ,ry r tior:,.of, Griffin' Realty; Gnrp., ens fa"rerl a: situ�taan'�whllr* contra7'-a' i ' o�raexship.Nere !� If r . >,,, r. r . , _ 9 f �j' % �''' Y "asstrsieRly .asspan�ad:, Ct< r av&luatfion- procass';�iiae-been, eztaaaive"aad t:owypans= - ? I, t' iri', �1, r+lAtO''OA t;his" si%e alaasa hY DirsctoY�nfchavelapascut has vis,itd the; sita,,auaer- ��. � -- �s" ' Qum :tcimen and eet1 •wiiti key ifsdividuals iricludittg Mika AdasaP, D6ua T,ob�illi, ;?1�tin 1:," , Street' property ow'-""' and various :'other land owners. T�m.•;of ,the th ee''priticipale ' the resident ,and w7•. Y to avalaatioaa. ~ice- rea3dent of CharlesRiver- Pto e_t�. # ia:wir firas•'as.wtell�sa ;� �; hav« also co}tductRd ss ,- 1s l once"our•�cnncersls regardisti{�ytbc` project .Itself .Vero' ... 1. acto , .concluded, !our hi. ( <°� h .;�'��'{,� co�itsiaat ;,to thts`ptb,+,ect;tcook the fora ve fel't'rao the�_tanBC'aPPropriat:e, '�iv►_u �" .. t` `a'')` ;' the;' circtisiataQces ' and followed a'path' t at was aanctionad b .:City. Officials.' We decided the gtai knit atid-.asost'axpeditaoaa vay. ;to proceed,, aid ,the Daly nay' to ' achieve : a` rtislaly, sad .o.:dsrij; ,traasitioa'Ifros► the stalled of forP.a of r tha'AK group, :..I If.11 0II wac:i to purchase: the i usition; of All., et ss .0 directts•a].1 a te6estadiiattieo =abut war~ rr , 1`1; asussiag public ,bid grocissm open o in r p - - moss« and tine co ,-'. t ` , ;: 11` fog ''e gCrQough,t von' the bid and stepped into thRir poait3iin. Ke :feat Chia y � P g _y b tiara completed quickly I. a 4, ��, ° ..ud the Cit 's interesc to Navin ~ the tranai r t:_r ,' ! , cl . it-'. and eaky. 1 ,/ �.,. . We'issue iocesrded fro« that fist« with, Idiapis ' h.' lie ba r t'}c 1 ', ,' ve. set; conatrurtivsly th "j�iiessntedgturchaee ssffero to s tcific-lend'uwnere, and iaat with laania tcct�e; f st 4) sat ra art awrerg,,:hirad liclarandrlVas ues sa ro apt'araha ateff. P, p y q p 3 t a p r;"..rt_ hiss actioaa undaraCora our cowiit ut,to the Project. } tijzjt; 1; 1 )! f' 1., - f Th City: of Junti " '- bealch '"deserves us =fine '.1, project in this, area as : posmibla,': j , ;, . sad in , the 'moat •optima (time fras:e. US would, Iwpe the: having got; as" fur as xe r , "art hare, the City Mil? c=creace asar uaneceeaar�► new delays in pee'wiittirg usr to brisk �, �t . ,, �' o t:3l T ,,,, p! r 'fly-.fl.is,N.-. ' ,Nwvir- ,r,.I" I.,,.-r ,Ells• 1( . '( -w t. - N) i r 1 ,,_ 1 C 1 •T.. - f,?,,, ,��' . • 7 4('i ti, �r .J• ,t i •: `r..i .1'. S. J r. (�' a'1T� • '�( t`►' '� 1 1 ',' i •, �itN t7 'ii fr,t ;1'! '1. .t, I :1,.' 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" __ I.`.., I i f , T a f 1 i I . : , , I ;, j I , I :� � 1�1� -"� . � r� �} 11, , ' I 1, : 1 rt '` ` L:' } • �' 1 .S -1 , ,� rt'�. 111* I �I I. r , I , 'l, ',1 r�, V. rf J 1;Z ' �'Ij F r X�t3 r 1 i i �,.,,,,1- t t1' t I, / .i} �'� r • ..1 , 'i(�, 11 r1 1=�E r I. f, I ,; ' l0 o, ' t I, t i (' r ,r ` � -"t!�t i1�r t 1. ;r' �IIl l' rt ra 7 r,1 ', l .�f tt_ -` 1 '`r [' ,t +, .., `:S r�r -,jy •J I.I ;ij , h •, ti}! �.f,, s 7rlf 11 It^ ,St k, t!1 ,•:r + "•,i ;i , > 1 .w•,-.�' ��1 tr 1 ti.:.l} ri , �. , A r •, ,^{ t -,c,-. ,1- .t ,. i-. - I '11.., �.. ..:, r•,. .,+„S r - 1 l:+,j N't 1 '.S'i .t-•�'•t» _ 4J. {,i My .;,, �,II • a ram`..' d ..7 ti'., %t r4r '1 t't' .J i {i i1 uf. �. ,,.r, F., +;� !} :,, , ..,{' .. t..,. .j.. ':TI '=t,. l _.1, .K�- ._•:1•. ,H,l... 1,. (' ::{Z' .c, 'S•- t :f' L'�a • l"tl,• ` r ,, ;" ru, "..} % ',...;, , ,. 4•., :vw , tt k c,,• ':,,. 1� i" S �' '[ It, f I yI u (.j'!� r. .1 I . • S ..: . , : lS?,... t. �i`. r :. "V .: „ a r.. ,, Via.... �,.1.;r..� ~,; ':.' r fi. .. '...., �!'. :..X..2;:.i�.d.� f f it..,.r• •vrY! : G �f -11 } 1 t = • ' .� :, ,7...r...7wA....,..t.�..+ ...... �• / ......d k.':.. •.,....., ,., -..1 �, . _ r e'.� - .J.jx.:1=:.. (:.. , t ' {:u'rtue r . itr �-t:l.. r ' �..- ' l%- ��t p Jr t�- , i' t' .f1 r ;+yt ��yrfvi., Z r t1•1 'TT - t� �: (,, I. r ,.."I ,' ' t . - tt',•y.�r1 r., i� rJ:%�{•fir r;';l f S e -i1'ilr�= ♦•, ' - + 'V,�� - 'f t�\IJr9 t!, Yt►}1i„+:. 11 1 ; ,�_ -Nn, ' t f, 4 �� : +Charles diver �'ropertics, Lid. ,.1 �-: , yy',=�f 4, �111 C +Ii l 'fUt 1 i r r 11 , j `� �tr• r 1 n",' Charles W. Thoapocne City AdminioErntor/Executive Diroctor ' 1� 1 it I !1, �t , '` ,`t, ;j' , Membare of The+ l:untington Bcsac:� De:roloplaent Agency ' I { r. ': ') ;, t :e, .{i .1 `{! `1 piit�res x RttIf' 1 . IC r] ( ,;; ,r1t .I.T!""!;r}t•1?i April 22e 1,987 „>� i �f�,{`f, ; 1 { r, ,vim J11�r�,:'Ii 1 �. 1 LI (,��I t ' t� 1 f� } t _ 1 ��1, 1 1 , t� J , 1 •' ,( , r- 1 7 1,3 t ;, ": �K, k ,,,- t t'•iie project to reality. Sala also hope that your experience vi.th the 11•r ".,,` ' y t 1 i' '' ' 'A, Griffin/Charles River Group will lead you :o consider us favorably for additional ; ;�� ?1.2 ll'1 •' "��►;: davolopment projects in the Ciry. Y a©ic far your active support�nnd coopere:tion on 'i.;," �4,::�� ; 'lli ';cr this fire! project and look forward to being a part of your City a deserved ;., trt ,t ' -' i ;, revi�talitatSon. ) �� ,' ` �V Via. 'f r �l 7f ou ehauld have an treetions 1e.ase re '• � „}' , , , r 1 ' Y Y 4' r P .-1 free to call ice directly at (617) 1<,4i 1+`,wr,' �) 11 ' : �� 227-7345, or contact William Churchill, Director of Development for Charles Ri�-er �r , 1 +,v;r�l, !4 � `5` P[operties, Ltd. at (b17) 723-•7760. z•,,a #} l `' r ♦♦ ( Jr / r a fYjF�t t''♦� �'('�A I.Y >i , i� )0- a ; /� ; ,1 r ; 1 f , �f .e i' .7. r ,'r f . t11-1 r, J V„ .�'.` , I / JERf1I� L•YLE nAT".9 r AIT � •, , ` J,. � t, � I y : �• I, t. Y,-11' ,t4 r1.1 r •i < %.1 �J.� I '�I,,t r. V, .N_ I J'i•Ij' • Chairman, of `th'e P i d t �':t, � , }� ��,i J,y. ) I -C : , r + I. 11 / ~ h a N `t%,rt jr • a ' /Jiest , , t1L •s>riS `1.171'� tSs{'>,.r i}f j, r r t l> •vr Ii', i- �;j cc: William Churchill t`A� . 3xlt a . 'k trrnl (4 r }.J I` lsattheN WittC r, {xr=^`riff1. � f i1 r�l+t71 I f" � ►��+ ? '1.9 , t' �' ;;fr t , > ye ti=.1' * i' ,) t/t r (} t ~ 1 1 1tY{ + C'fi.r 1 �tZtr}r�i 1?'fr1�r1 �3 fA I,.- 7 fr t , 1 j� . t . l"Al I, f..5, •'t{ 1?� jltS~yt � =I,,,\.1 (" �rti I,1;f,1 yff•..t . [+ S �� ram: C� } j1 .r V �i ' ifn, , 'A,1. I i t1�F�c� ,: } f ; i r�A 1(l 1 J. I i ,r �'�{t� kry r nt r r , + j :f,u rj, f' �•1 _:fe'r+ t'r S•.fi f rL tt .;�� 1 _�y,:r y. i j X 1 t�('aJ• , ref i. 1MVt !. J �. t r , s (7«'T}r /t t} ,fi't r"•;�1Ht(� a1f �I( �`l r} �"ail �rtfA }.'a �; +�11 s[ �pf,,Cf�lfr�ttl ? s t i� 1'4`1yi 1=�� [fft tv,y�Z' ;jy' 11 "'T ]1s^ '„� t (a�A ;1 rr t: rI - r..l^,.f i �`r ' . �:1 t'- - i, :iA=* �1�(�- . . — f}.'fi, . 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A; , 'I ;1. i -t,. }� !�� ,,,� f ryry:;-; W�19 r >~�. r- , I ld" e `0 ,z : f)"T L4 y, t T. j", J, "9A A � "• I f , Tj h rf,-N t iO I ell. p Yj 1 "`. ��. �,: {3�Sil'y +f.•��j�}{� '.�'{l I've n vy AM, �y "K5 qn, REOL I EST FOR* - DEVELOPMENT A*W10Y ACTION 0 RH 89-70 APPROVED BY CITY C:0 UNCIE. l�Lt-------r off August 7, 1989 d4�ZE �X C=�), Da a 1-444 ie Honorable Chairme me4 smut bars Submitted to: Paul Cook, Executive Direct Suhnnittild by: Q Douglas La Belle, Deputy City Admlnlstrator�/Economlc Develop me 11;'gi Prepared by: MAIN —PIER REDEM.OPMENT PROJECT AREA EXCLUSIVE NEGOTIA13ON r AGREEMENT WITH GRIFFIN/RELAXED PROPERTIES Subj *oct: N Yes -.i or Exception Consistent with Gdou'ricll Policy? I New Polic ststermnt nf issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: STAT HENX QE 15b op On J uly 5j 1989, the Redevelopment Agency approved a series oftewomnlendati bns which are describL-d In the attached staff report dated July S. 1989. The matter before the IM, A'iency for, consideration at this time Is the NegotiationAgreementprovided for as a pat t I 0�. .4- o r1hose actions. ; P"i Aukhorlzd the Agency Chalrinanand Agency. Clerk to execute the attached Exclusive Neptlatloh Agreement with Griffin/Related Properties. ray ANALYSIS: iisultants,will neg ti w t florin the next nlrety- (90). days,- itar� and co, 0��ati' filiG?P.P'o-r6flne -.'-the developinen! t 'cosditioni for the residential Ooriloii of, the pm,'ect, and to d6kerrhini the land price and terms. Cohcwrently, we will viork Y&h oropeny Owners on the owner participation block to'deteirmine the level of Agency finan'Cial asslstai.ce to be afforded, 7A il and to develop'r_ sjieilfllc timerrame for the development plan. (�Oj days after the approval of this agreement y the Agency, de' per Within thirty 6 valo ' shall post ,,Ath,the Agency an IrreVocabie. 111lon letter of credit. *1hd Agency may draw, against this letter of credit only to,assist In land acquisition and'assembly costs, "'A In'cludint the payment of previously ltic6rred purchase money Indebtedness of real property located within tile, development site. Interest shall accrue on the fimidi drawn against the letter of credit li� the amountlesser'' of,the. actual rate paid by developer, prime plus one percent (1%), or 1.w I dive percent (12%) M11 per antrum. This agreement: shall automatically terminate on November 6,1989, unless sooner terminated. Npt 71 00' 'FAQ1 , Flotsam Aj '1Z J f "A YV(,4 i'11711 11 1,v — rf, -, 11 ?), " i i , 7, 0 � �IiA't 4` " ",� _4 ri _Opl; ! ji�,t 11 1,;' 01 Ign til �,'j►Jj fr Ifibn . tfi 1 IV. . . , p , , 11 °i , , , , , 1 U� '0 Yvll. ki. 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A 01►ED BY CITY COUNCIL RH $9-59 '..? � � � E 't j�''>�`a r,r ; � � . , '.- 4 .rir{+ It�f.;f71u� r ,,:�• }f=tom l! r July S, 198913 It �.., •,', + e- g!pyyp bate ,_..�...•.._...�..w.._....�_.-. fi Ik , fit � * fl) \ r( •• f } i! t.tJ�I\ '(,1 ^ ? "h{ra i4 A,� .,a(•.�t 'r 1� �i11 • Subtttiitted to; Honorable Mayor and City Councll MNsnbers r ;�►�tt{; x1 •�t,,all ' +�� tx fjti:: il' �'"(�,"1k� .,' :; C� `-�a�� yir'�'( �'t•F��h�i:' i. t Paul E. Cock, (:it Administrator ft Subtri.Ncid by y S �i ^1 � ~� t 171-`'l,'rt? f t � .•r '� _ ' ' . 1♦ I� r�, •, Douglas N. La belle, Deputy City jrLtiministrZtor/Economic Developrne 4 r ii Prepared b . V• •�i "�.j't C��•• , l�)',,'-r r ,ir p T rY t ,1•'.,1? ^}+rP}�'r�Jrr t -: + + t•• -. REVIEW ANn-APPROVAL; OF MN-p1TaDEYELOPi�T1 PF1S� II Subject; lw CONCEPT AND IMPLEMENTATION PLAN AND RELATED ACC IONS ", Ccnsittont With Council Policy?j>Q Yes (l Now Policy or txccplion rit ,, r 1 `► Statement of Issue, Raruinmondatinn, Analysis, Funding Source, Alternative Actions, Attachments: '; 1 r -1 3�• Yl , 1 '1 _Ir�l + r JrJ.t�.=T 6' ..1�f••� :•�r 1, i t^+ r4ri-�;. �:, h i��"�'.+' +r..y4f �..f `: . .w•-+ tl"'R!'ff^: ^...A�i r z } 4,3 { �*)•P , r t f f On l Iay 1. the Agency approved a series of recommendations which are summarized � 7i • #r' �•`�"'�''' " '� " � follows and more frilly desc'rlUed in a staff report dated May 1; 1989 (Attachment A) .-.,b `..� 1• A' rove the caiic' w b% j e t1ta1 de�eio p p ~' �, N 4f� st•' ._ti pp p pment tan, subject to a'ny Alternative develn irnent, plats which may be submitted within the nekt thirty (30) days 6j property owners �� within the proposed development site; JA iA ,� 1t �� is,l,� j' �Vrp,� 2. In'vite property owners within the subject site to submit alternative development ", a a, proposals; { f - 3. Retain the existing iy (60) foot right -of --way an tiValnut, between Main and "girth c4 iAX'' ,•f ?4 �y}t��,,,,,�lJ, Street3; and., d7; 4. Terminate the Rede�clopntent Agency's Negotiation Agreement with Griffin%Reiated tea. i i ;uw;,t;,; ! Properties and certain MainStreet ?rr.pe. ty Owners. The termination of the We otiatlon AgreLbrnsht wasbecessary because the parlties to 'the t Agreement were' nMble.to reach consenamm tis on a coon develdprnent plan. Subsequent. t to termination'of the Agree'rnent property, owners and Griffin/l:ela`tc:d Properties (GYit") , 'were invited to 'submit alte'rna'tive proposals (see Attachment D). {� 7 The '� A 'taGhmentsvC d vD l have been reNtewed byistaf fby nd consultants Tsid he foilowing ; recomine' da iidvs are rile result of 'that review >. ,� ��;tx�t,►Y, ._ B>=t�OiytMlNbA1"101V: t. i sy ;� 1. Approve •for purposes of negotiation, the 'staff recommended develapmen't cancept ; 7i, (site p)an,- Attachment G) which inodifies the developmment concept (site plt.' i) h J `aunt u,' and proposed by owners (A•ttachment F) for the block between Sth and Main, Wal,y r\ r PCH (owner participation black) as follows: ff", it h�t �y q:'P..• _;-.1 �.. .••r .,.:.`.t, f,2 , r+T✓rxi i14.,rt w..F. ; •'4, iy�, ,�� 't � -+ � �..i j 1 %rY� ,A. .-r,t, ,t r •' e '' F•, j ( �' ( ) " 1 �.}✓ � cyr 1 i'{.. P 1 �i 1 �1 "r .i~Y"+.• �`.; 1 ;i 1 i1� k, df.'-r r >. +, , � <"�> t "Y , � Ji' i', t �.i .>, 2 e1 ,,•' + •••E." f yr r'', 1 �'^ t � ''� ,�i:i`e �.�t,•`+';� ! )I Sl t 1'! /,�{{ ,r,!1 cl' ' l� 1\•` , t,� ; �{., �i r ,I `cr ! ZTn)r►-,.vL•r.tr .(,'t) .li:if, ;t, 1)�,t:`' t•��.r ,�y••,� :�t'rJ i)rC �^i !t i j 1 i�� I ,(*){� •,�'�+, ! ?,li, �u �.:.y>w ��_� �, \sY 1' .. 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Ir,1 : �� 5t +i5 :, �.., , ... „_ . „ . ...: ] , ... ,.:..,. t. . 4 .,, it., r: t-- `.,.__ - ,IT -ilR44 . ti ._. iE. _ a , 1 {{,�K�j, i t 1 '�t �. i' rl y t, At. i� �'/4j P, j ✓t yet ,•'�.�, ' ,r ' f) ;t [1 r , "}:, •{:'f',• ' t `` t ,,rr l.to',�i1i t +' { y {S ' t 1 :.(Pi yI, t*4 1 t �`!�' r. ' '+ �- +=5{1i nr.. !• 1 r" It i i% '� 1.. ' ;fir• ., - r �1 1 ' ,'.. ' ( r i'f?4i."'arti rV f� "r. I r `77 il 11 r.�{{y 'i - . r i)r� 4 r A. r to •L i Y'.; '. ¢tt> ..+. / < + 1 t .j w r } a 1 Y £ 3 i {t ; t-.4 2 ) t`, � , a) Revbutidin6 heights shown for the Pacific Coast Flit ht�iay portion of 'the rojeet ' Y��, ` ' [f ,,I as It 14%'r�'- �;i �'','��y ''` rt `[ ' from four stories to not more than three stories, with the exception of a000 rF z ! q ft. roof element at the fcur-story level at the corner of Main and Pacific Coast `' '. fin' 1 i rR t [ •7, r rRl r *° ! ", r , t-'ta .' [t Highway; and rttl1`'rty �'i''[tI tt ;1{ x }"1{ ilal' Jt r K%ii,,'.1ir , Vr, fit r,'r�'j } I;' ' Itr 1.} f r 'il ` ,fit , !_:� ) ri Ir i.. ' ,1 i Ir. + `y i�,y�,`t�r t,t, ,�,; 11 ,: + ' fit, ' b) includes an office/retail use with public/private parking for the Terry Buick +SI �` 1t�� -,'0 � 1{, X%j• i r + ! p y• r •h) _ 4 pro ert ) i�l� �•1•Fl7ttir i :t r:, , , a,lj .a {n At._ )y �Ai' r� 1} V 't++ r IT', 4• �'ff S1 r -r it �'sv'r� 1. - . :' 'r Y ) �� ' l Authorize exclusive negotiations with G/RP as the master developer for "the 1.. JTJ?. t ' �A +�.` _' ,1 11 rl1-p-pY''' l: ( 1 I 4 G , 1' ,ill it--1 71 'i�.lt.Y ti.'j !y:. } '1 �r�� i a N Y development block and the owner participation block'contingent on the following: 11 >, _ 1z'. r , `r rl 1 It r f)=�i r{ jti'' ' t r ,/ , •i - 1\!' iltt • �.,-I,'i' .,'4, ' Zt ;i�'��S��r 4 E. }.: 1t , i�� ,i*7 IkfiZ i ` , . [, , r, `,- �i ? {y i, I ;'_,.; �'� ,k t, .. ��,, -121'I a) Provision by G/RP of a $2 million line of credit witr,in 30 days of the approval of a ` < _) ,a' s�'� 7 ,s1''1'�" • � `' a .. Negotiation Agreement scheduled for July 17, for ilse by the Agency in assembling I 1' •` ` ,;, :•�, ,rat iti I') , .' prnperty in the development block; and et7',`,�+pr.rf�- 1r , �Y W ry, � :,l, t ' a ii. �' j 'Y rot M t 1 �3.t'lI 1I, 1 I I-.,% ,x- r11[ ,j,,r- \ rs �r�� ' y` b) Agreement on the part of G/Ri' to proceed immediately with schematic plans for tt fit, , , 1� ''.' *s thi}�i t I, ,t,t fir, t, ra.r` the development block concurrent with preparation of a Negotiation Agreement f;�-'J�w'#�'y�r' +. ) , . and final Disposition and i]evelopment Agreement. "V I l l.�1I r 1� �5 y ur ,''. s; iJ$ _, t 4*-:A i rr . 3. Approve the designation of the two -Bieck site (development block and owner '. � 1,: artici�ation block as the M-tir-- �11f�`I r ; ! kt. , r t�4' ' p ) tier Phase. II comprehensive development site for ,- •+ ' t: 1 >< , [ ,; .A �1 ,T �;.',tf 1i �,'r } purposes of City/Planning Commission development review. R.err �' I . %xk r• i is t F r5 ,, : rt r t ,.i�a�. , "�"-,IA�,i,.I,",1-I 1.5 ,NI7,.'%,. iI. '",�.-,1'"..S�.�.I,,-.I i-"1,�. .....#.,1'Il*.n",,*-.II...."1 ";I,�;. l0,-'.��t!.-;-. , �'I._,r�-'- ,�i1.i',",i -�-I,,.,,.,U�;?II..U',1.I_n",1,n "+iI-f 1V�,-",-" 4.'1.".;',�V-�0,�,.4 #Iq.?, ..II-, .: I.1,.� .t1'I',7t .��1 ,.OAI.. ..�11lx.. Il1.�-i�,3�I.'. e z.�i ..' 5 5 r i' I f r 1',1 i' ` , • rl S IiNtt r r)1r,r r!r� t l £fi ti t* ) I 1 : 46, "It f'14 [7[j� { - The proposals redelved from properly owners and G/RP are very comparable with 'respect V1 r .1 t' 1 , s , A' >`1 " )f'= 1)1 k dheeloo osalsCare iden pcApo Uecause aftthe it'racksreccordoex erience and lonp� lean :t 4�; . • ' ; ti 1• .: o i'. a P p .rf , 3� it Z'' t, }.. Y r g m F �, IA.i .ts)t4,-�, . ), ? ;, involvement of G/,RP, it is reco'i'nrnended that they be selected as the `master developer j t a )t (' ' . 1� t for the two -block site. As master developer, G/RP will be responsible for p,epai-tng "Fr y! ` ,40 �`` F.Ji .- rlr '`, ,,. . '1Sy,!ityf�+r ' r rs ` {' i� ' +' developmont plans for i)oth blocks, coordinating plans for the owner participation block it`qr�t, 1t w`S irx:. _ � `,� kftrr iVS�Ti,t t•k;tl - ,, t' r 1 ' i� with existing owners. - z6" Y �, t, 'S' �j i��S = t� � i''fin t -i } [a'IJ,,r ref Y f, : i �tkJ,i , t t is �•, : .. '+ r rA' n, )jx s+l + ' ,> -1,, ,, . Dtlrill'g 'the next 90 days, staff and consultants will negotiate with the master developer to ,, r. ,, refine 'the develo 'ment conditions for the residential portion of the project and 'to �' j '/P�tll }l.r rt{r. ! 1 , p. �, t ii y [ $r;F i,YJ } , , : 't' ,p de•terrnine -the land'price and terms. 'C.ancurrently., we will work with the property owners s� [ .r . ^r - ., t'' 4T r, " Jrx;tl 'r. 1 ' on the owner participation block to determine the level of Agency financial assistance to ,11 �' k , ' '3=wra, j�Gz r�[{ r'V,i w [� ,,> be afforded and to develop a specific timeframe for�the development plan, e ' RO4 Mc +' ♦ of "t'1 + !t.••• . ` I ,r F" r•• . ) • ., i , 'rtfr �'� t '�„ r The staff reco`mrnende.d develo menu,co' p '. " r t tea Er !,lr tr `�'� ,," ��'{ E ,. tr . ' ' " p nce 't of the Terry Buick iwoperty prof ides for a Y, #Yt�?'f ,�fi xy 1 r f a I?w ,.r ' {t i';��`�;r,44{'; t� `3?;� /,Y mUl'ti--level retail%office use with public/ rivate'parking, The Huntington Beach/fountain ? ;i�.da•e~ p r� j; ►;,; )` .t`�,. ii r+,y l ,", Valley $ear d of. Reactors ha.s expressed an interest in locating its headquartet's on this o ` Their needs consist of l,, )'` 5e�{� c 4 ,a { % �'`!�'k4(r ,�� 1 <,,, site/ 000 sq.ft. of office space and 10 000 s ft. of rn t� `�' i k ,( ,. II y• eeting,� '', t,r • ,, '' s ace. The , ri y 4! ��t7 11j1,X,`,, p public/private parking will also serve commercial users within the owner ;? ,s�3,�t� 1 r • ,` I' participation block. ti ..'G�'ri�t, 1 � � ' 44i - r: i. 8,{ t�'j�ly'yx7t {i1'`., `�'''j �:RNATIVE ACTION: iFrfsrxt ;�'' ki rt) lr • ` }} 7�, r r` '' ` i ' A 4 4 .w [, riJy,S > t i�� t ti i r7 cJ / ( ,'' •s It rr f 1 ' s. ,r'WW),' i' 1. Nixlify the recommended development concept •f r ' �Z,..,-4...W,-4,k,1..,'.,l,,,'�,'-,.jiV,kAc�--�,IO.,.-%'%;,*.t,��F�-'';�O.I.-,�,-*t1�! to i trtl ; t, «-r �'. ,tom, ,:. is , !! , i°'t �.k 2. Re Il 1 '4', fit,*%,r ;j : 1,1q estdevelopment proposal from alternative develo ers. �M' r ', - s. 414"ay,•1�' i z 3. 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Ic, Y.t` ;, ?_sM1% 1 j t �� r _ 4A , ..- f, ,a>- '[ r 1 r.': y`t'{„9i •:)r, _,t1... f11 ;�' J._�a_..'' .. ..� r• t. . . , •i . ;. .. .._.. - - . ` ..1 •' .. • ,_ .._. A I V.- �Y j J jet 11 10 A 4. 11 1�4 � t it eqUlred as a result of t1tis action. 1, Staff re W port dated May It 1989 taolwleiit A). 2, inviiallon to submit alternative de%,-,!t%%pment proposals (Attachment 0). 3. Altern6tive development proplO.SnIt', submitted by property owners and G/RP M, (Attachments C D). 4. GtRP deve!opmerst concept (site plan — Attachment E). 5. DeVelopment concept (site plan) submitted by property owners (Attachment F). 6. Staff recommended development concept (site plan — Attachment G). I Pr PEC/DL!3/KE3D:lp 5220r I 1. t. 'r, , -, • 7:7 �{• T ¢��ty► ti ':,r�'f17� rj ; , i1 ) t '>.. " /ti, �• /;f r: s/ '.t" `I _ fir;. „> , fi r�_,4 ^:, J`'.l , /! r L g 1 kk . 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' ., .- .., �. ,'` J � ., y 1 ' ',� ' �4 . `i� •.-a �, r �s .t •':.: ' , .�,�,.( ,. .:. ;,• p!'r• ..,. �, ,�;•1 ;;`` :.,�..V �:'I't ••: Y�. rx"`t .. ,:,�„..,(,..r.?.Mr 'a•t,.. •. ., .fr ' ta. • '1 rd; ,r ',?"..t•�'X t, ,1, t i �«7 .x . `� _.,. .-,..., ,fi..,,..r, T. _.... t ,, <,.�,,.;.: !,r � t� - lj tiJ"-�-�f.:+�jS q''• :ti+ Y di.��, .;nl. r � u 1•., .i' + � 'J• .t+ t.°t: Z�,S' s �•� :z�Jt. .tr .a. ", ,.. , r :j;' ,,. ,1 t , 1...,,.,., r,:• � .,f G, .. ,e a ... I ?•, f, t 'C�.` / , rzY , . ._. ,.,F • :., kt,'__rs} + ' - , r - 1.t ,:• 1rt--" ,7T'....t. •/ f: ! .., � ..; 4� ..! � _r.• _ .,,�y......0 •d:rs..4.:... ..:. 1. aF.. .. _.- .,, s.,._.. • r^ rf .. . - 9/ , J REQUEST '=C F� bFVELOPMENT - ENCY ACTION ,} ' C 10Ft 046 j i`, (�aJ , ,♦ a 11�, 110 � rt f1tS�+.ittr L 3f� r. J t } i ' �� J '•i rt , f � r I♦ , 1 4t• �1y ', 1r7» ifr•,.1 {N,,,", r i � Y, 4 t'tf(t�� isi�`j `, ;'C�'F;;:;'? t - `fit;•' �r> ItH 89--104 Date November 20,t 9i --- Honorable Chairman and Redevelopment Agency Mlembe ,_PpgoVGD BY CITY COUNCI Submitted to: p S Y 5ubmit;ed by: Paul E. Cocik, Executive Direct r l °ZO--------�19'�' P•epared by; Paul E, Cook, Executive Director _ ctrY CLe�x 5ut�ject: MAIN --PIER REDEVELOPMENT PROJECT AREA EXCLUSIVE NEGOTIA ON AGREEMENT WITH UPUFFINIRELATED PROPERTIES Consistent with Council Policy? I ] Yes I ) New Polley or Exception SMemam of Issue, Recommeneation, Analysis, Funding 1%;ourco, Alternative Actions, Attachments: On August 7, 1989, the Redevelopment Agency approved 'an Exclusive Negotiation Agreement (ENA) with Griffin/Related Properties (G/RP - staff report attached), With the isitent of further defining the development concept and implementation plan for Main -Pier Phase 11. For the Agency's consideration at this time, is a 90-day extension of the G/RF txclusive Negotiation Agreement. RECQh MEND TIQN: 1) Approve an extension of 90 days to the exisicing Exclusive Negotiation Agreement (attached). 2'y Authorize staff to proceed with final negotiations for a lisposition and Development Agreement and an Owner Participation Agreement %Ath the developer and owner participants, respectively. ANALY�: On July S. the Agency approved for purposes of, negotiation, the development concepts (site Plans) - Attachment 3. Since that time, staff and the master developer 6/0, thong with McLarandt"Yasgt;ez & Associates (architect), and the Owner participants, have been meeting to negotiate a reffnement of those development concepts as they relate to the commercial block. Development concept scheme E-3 is the final product of those negotiations. During the hext ninety (90) days, staff And consultants *iil negotiate a Disposition and Development, Agreement with G/RV as master developer and an Owner Participation Agt'eettent with the property owners as Owner participants. t1.J•� {� 1 wi�Y y t ♦.0 L.,�F�S �•, r 'r 1 � K � �t rite•, ': 141 No ''�7 "'(�'li. t at, , u Yr ,i'. l 'f ; , T:�'-,i Ci t j'.L� }rr -• -+.rl� �•z.•. .'r+`.[' s� v'rY Yhr•>'it>ti.r-7$i4?L,�ii Kiy'i'`7.�N1'{,Mtw•, _+�f' ,f �f+'��i'kLt�+ 'f ,�.�spSf,i�, ,t�ifrvS•�=z <','{ -11f .,� �tF�.., i tj tr l; %St? 1 r `� J t•Itr .4.��t'' i�'i jt�!' f�f�?�)� o� ,�,�i. Ll� / �� ! i � • [ ll r'tL � y%'1 a 13oiCr':ir !4 t ��.�ti�� ti<+'((, 7 � f f �,' :}:7 sf"CY't�'.1t, "�,t';�a t ..L'1 ,t i�'� ,, ?. 71 ,�Ur ;, "t �,�! � r't, l -'' .' t; •i:,:[ < •f-!F .,•-�}.,rt'L"-'.,:: , ' r �"t`�`t sl lrA.i" �;+.' •tt� ' 'J' t`4•.�'t' t ' f�r'r r,7{`"d 1 -1Z '.1: �'`ra r .r�,, tt �tt4. 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"��Y , f,' I „� r / /., .(., p z,v, r • t If ,i..••yy f{r,r•. .��,rLa� 4...;! .t ,ire'., •,. r. ,.�, f.,., 1 ,! t ! t {t� hti t. :�' ..r � s '� S.`s •l/., , r t ;,', ,.11 r, tt,.yr,�.i. ter. � _f f �. , ,.., �-.... ;,. .. , •••L).� J '" , rr S � 1�:, r j'Y �i. ..tt r,�'., ,i i,1.�� ,•,; ,} y T!�} ,•.,�Nl�, �.:L♦,`•r.�'. a ';ti ,. ;..�j�..,,,. +f• „ . "� '�` :,r �.:, •itiTpr. •),�,�:, � t,t ` �'!. ' tv + � r .t , Ir�,7�;`r'11��"'+"th ,� i!l t`F �1''4p�1�'I~ 1 r ., t J:'".f :i.i'• `t'• {r-+� t j� :1 .'_;� ,. 'I fir• ':r .._ .rf }(. 1- —= 'i• _ u. r•. r . ;,. 4� Est_ 1t v.f.�i,i i S K'N T" WI 17 �y 4 -1, 01 Vii, 4"t t..k ai IF . kf IN Wl: j g7k L 1! i .- I I -A �ij 4 Alt Y'k-F C Q11 FUN12ING 501111C h None required as o result of t" Is action. J� it EAUM A '1A Exclusive Negotinfloh ARreement, rjer& zcUon an Phase 11 k I 1999. staff 'Report dated August I. I 9 Otp; Site Plans. 3) Exclusive Negotiation Agreement. v PEC/KB13.1p 5341h I F 7_776 1,11A 40 W I I't" i t fi- t rj. W-1- ni, I I,- "i, i 12.1i '11 k�, f I ie , ;, , I-, I , i'i. T I I" 1 i.1, tj, d • -T— '. 1 . . ( 1, W A , , " �L F W fU .ijM ' Olif L Ist l • y Ii,AA,&, 4q i ,it .0 y", �g o A, IT A #I Nil -.T• k •e'... s 1 -9 1 r r tr�_ A-jl� -J 7-1 at 1, Ir.i_ ,+ `.j!) 1 ! ,;. /! J •' jli �,? 3.+� , e're ,� +s,s7 .ri. . '' f' C . ,• � rj - � r �," ,5" .'. '++ r f? "i1� .� 'rn4s;• ! a., �4�.�7' ri,�•I'• {�".r ,. _: t r , , :- ,, .. , rr J• ''.: ,:'1 .�. I ••` ��, r4,f� 0 •t `l. ('.. .,..�•,i __.i .r '!: rJ oi'•r , :. „ ! !l S- 1J �v ..+ ,R i,,•. tt �,r, •. .��f$�j -`�' � Sr'' %..(.,3}r' [ li ' j �'�} d •fie 7 �Ce�' rr4.t tf' �,''.�'e Il it 1,. !+ r. (.r• r / .. - !K..�rG `� / n .�('`e� ,..•}' � „ ,��4$.5 n Y ! ?+�.;L/' .. ,�.' i1" 1;'' . '.,, `•a;r.- '�• ,�` 'Y',. ) ,t + th , r , � ,/) .>r# [{. ,r �.s ;,i i -. ,t i { 1 !•t`,',#I �(�,, �,'"•,te ��:, 1 ��r"/ .r 'r.�_ :', ;t ,•. .1.J, -1eli If•;+! -,..,.'/ 1 �( ., 1 ,r .) :.j• '.(Y li i-. - t ill -ii Vti,. n ..r(•,'. � /J r tst,'ti� ,f, r<1. . 1jI ` , ',.. _-• � �#Y. r . ,. .., �. .i1:-, .,.. -. � rL S r: .._..,:�... ::-!1!'.; .. .• ",} •j, ..�•{ j, ...� f'.: i�ft' i' '•`i' � 11 .) y :�. ',:.. it , ., ., - { .. ! .+•,.::�-u �. �...:. .:.. :. . .. . .-. 1T' >'4; a, , ,, .r �l +n}.-'•_ � id•• �}. .. ,-._.f. -> , ,, -.,yr :...;rlf :. ,,.,'(1. ..,:',� ... :: • 't'.1 �'a i •sei. . t,r S. ,(�,a,r. .�a": r ,. 1..... i { .-... ..-.ty: i.,.,.t. ..,; e:. ._,., i ,".;. :sf. ►=; ' i. ' r; r I ,� yii' Z�, i`' ..•� .J• ♦ y. ,.,tf' it.;.:.,.,,>}Y.-r �• .a :' !,t."',11 ... , : t ..: p ..-.. , •/y�rf: v ..- ..:. � ,._.' ., � }�.+�'�f% '^'i- .'"i.'. 'r•' � t'-'r, `� .ij .,. �.. . ., _;_. i, ..V.R .. '., _ y {r'J.,..-.:.�cl\,.. �....:.�i..l.., ..r:.., �,�:,:--.. -i." : ..- '� 1,.,, T(. .�'. Ir `,j a.•.•'1 �Ifil , j. "'t'••�.�t 'Ir r, ••�/.jjj ass. '�f .�" f C:.r >jJ •r , .: ...,.. :: ...L �... \. .. (i.. v! ...,. .-.. �tJ �! 1+Ss .Srlw rygrcY REQU EST FIO F'�REDEVELOPMEI�T A.• �V�Y AI ts, e r� .1,.r ACTION r�l r;`,��r " t'i•S , Y CITY COUNCIL nrraovLD p. RH 89-85 ti rf, ft r C , trY L} `di September 18 193 1 Date p , 9 r RY c >rxtc Submitted to: Honorable airman and Redevelopment Agency Membars Submitted br,: Paul E. Cook, Executive Dlrectf rw_, ', Prepared by: Paul E. Cook, Executive Director REVIEW AND APPROVAL OF MAIN -PICK PHASE It DEVELOPMENT CONCEPT iaY f t t�`o h ect' AND IMPLEMENTATION PLAN R r itrti�w . r Con'elatent with Council Policy? 4 (�' i •_ ! Y Ill Yw Now 1 I I w Policy or Except(on . "__ ,ice f�,•,H,, `31i�{' rh: Statement of issue, Recommendation, Analysis, Fuitd�ing Source, Alternativa Actions, Attecliments: yIF ;S`ff� STATENR T OF ISSUE• On �ugtlst 7, 1989, the Redevelopment Agency approved an Exclusive Negotiation Z 3�� Agreement (ENA) with jGriffin/RelAted Properties (G/RP - staff report attached) with the (� ` �'�'T: l' intent of further defining the development concept 2'rd implementation plan for Main -Pier phase lI. ' Z For the Agency's consideration at this time, Is the approval of the final development r ` } _!!• concept for both the residential and com7terclal blocks as shown In the attached site plans. , JL ON Approve design schematics site plan and elevations) for Block 2 (Attachment A&023� ZApprove+development concept Scheme B-3 (site plan) for Block 1 Attachment ;`'_''' s Ai �!3) Authorize staff to f F-ed with final ne ottations far n bi ( . j^1 .� Agreement and an 7wner spo�ition anl� DeyeI ent�;Participation Agreement with the developer and ow �� `.� 1, '. s;�- Jt ;;l participants, respectively. owner ;��, ��, Y 1 � 1 t{4i�A ANALM On July S,the Agency approved for purposes of,negotiatlon, the development concepts rslie, plans) Attachment 3., Since that time; staff and the master'de'veloper 6/RP; along with A'icLarandNasquez & Associates (6rchltect), and the Owner Participants, have been meeting fo negotiate a rellnement of those development ccacepts an they. relate to the commercial block. Development concept scheme B-3 is the final product of thc:.e negotiations. Additionally. G/RP and his architect have further refined those development concepts as they relate to the residentlal block as illustrated by Attachment "I." During the next IrWy (60) days, staff and cdnsultants will negotiate a bisposition and Development Agreement,, with G/RP as knaister developer and an Owner Participation Agreement with the psgv' rty owners as Owner Partici ants. sst z1 d�S p '117r� iT�• jE �,¢i�411h11N. A rt113 ' 71V3Ill Al13 t ,� 03.113930 "!>nlf$rIFY_.:"c'„•r7rtmt.�s� n>s•,r.'.a,u;.,�•'e.,........� �i�-� - - -- t `Z'' •�1 Lr�, S"'trjA"S.Y:. P'� '"' 1)r r...7 v ftJ 1. r `:'•. L e,:• +1 r.tri i,f r'� _r� `'y,I . R � • r { , ).' + r� ` S� t' ' i. r ''I �� ' fir . ` {, . r,r �"� '�::. }Al'�� il,_ 4 ' ,,. :-}�',./, ,fr. J t �/J,.. ,) 1�),E , 1 ,Ira 'fl , f ,'Ir ,�. `-1i. 1 j a.;;` '�,'i rJ �', !rY 1. �"tr Y' f �•i � r,J�'=! ,�ih 'w� } !' ,. t: t"y 'T'r,} aYi717 swi''Y YY, i�f ,": •', '! 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'.�.'zJ I - f. ;. ., ; ... .'• i j' , T,.S 1: j { ir',4 •11( u?L. t, , ;.,,1" ivj , V.I (t f; j:wi1S....;-::�!C'!�.Z...:.E::., .?':7`kiL'l;.:t: i:;),.'e:w�..fw.c, ...s,.-,»,,., ._cr �.].. acre. �.w ,.,� t•, r.., !t�,, �.. �,ll•• .. ,.. r.Sl...♦.. - �,., . �y.' `i `, ,!: tit t. 1 , ` ,' , A� t 1 t rl I ; j i, , I { 1 a + r e' `i ' : 1 f tt, .< ',' •`ct1,iJ 'FE UE�1- FOR-AMEVELC�F'MENT SUE( Y ACYl�f� , `t '�;};,.{k} V 4, 1�! �� / Rl� 89--7t) T _ i11 V,,,�J,t tY , ?` f rAPPPOVFD nY CITY COUNCIw `�--✓i I ijcloi k, �" 3f, ;*` `( 1 { II- t Y . _ i' 1 %� '� t �' t - _ ---,. � _ l9 tS August 7, 1989 7 �,,• ,, + j,. itr S7 r�rt i�t ., i -", 1 /ry%_ . Do a ..._._..---. 1 i 'i 1 t + A rtnriAV lOn� ll<liCrnut�, hers w: f' �t, f)i,= ,,r Honnrablc Chi;trrnn r-au_---_.�._S.__ ' •� t,,'bll �t -� ��' r ir 1,1,, r '" ;'a �� Subntittad to: '` `y i' , �;. `L. Paul Cook. Executive Director ! .. , :, � ; ! I , ,' N Submittad ay: hoagies La Belle, Deputy City .Administrator/Ecunornic Developrnl: �, : t` t. ,.It !, I (Srl- - -! f I �� 1. .r .I•�-'�'. itt (r .' ,r, _� t1 :' Nrepnrod i:Y: M:AIN�t'YER 2EE'DEVr1.0I'MENT pROJEGI' ARE/� E3►.CI.0 ;N>v NLGOT'IA'1C?N ;` z t Arlt>;EVENT WITH M11FIT N/REL/l'TCD PIiGfCRTIL.S '" ��' i ' ' : J ,, ;: �11 t S S`lll)jQCt: �� ,- ` tl ' 't J 1, Now Polio: or Exception r, Yos A P i r. ? f 1 Y ,..,.. `'' srstent with Council of y b4 I Statomant o4 issue, Recomrnond++tine, Anolysis, Funding Source, Aitarntitiva Actions, Attachmonts �-�-u�' T' `' " J) t% ,+ F -,; ��n , 4s t ' .�.� _- rt 1(,til; ? t .'{4 t * 1 tttr L II1 .I', -I� -i.'I.J;_.-".�1%i-1.,,',' ..,t_, .t..J. 't1I;.'�.1��e-.,�?4!., tIZ,�1,"";I,,,. *-4�I. ,,.,,1;1t-L.-.- Y.�1, ,,,.. �,tr-.J �, ,.,:_-l.,I;'',,'.l�_; ,.I� , I��,�'',;1-1_-II ,.',, ', _1'_� ,_I ,, -1!..,XI�J I. Y is .' f' r . 1'}� 7, y tIt,)>V>F ;I ( , r A ,1r1 Xt �t;ra '; JSr.r i, ,'r .' . 2 1 l i, �••'�('��''��`'L.*}�,/(� -Tor• l►]�u�'� w ( ','. Ix' t I?('r r tT- t ", iT`` On July S, :989, the Redevelopment Agency approved a series of rrcommcndattons which aI�; ] •-- - i�,^ , ;Jet tJ' \ t> . ; are described in the attached staff report dated July 5, 19S9. The mat.::r h:.fore the 1 t , t`tt ! �' Agency for consideratlan : t this tir7e is the_ Negotiation Agreement provided for as a part A�I '" E , i >,r t',I ,, , f. , of these actions. �,. ],(, , lIr,t,!�# � � S '' t ! LL/11 a. •.L•Star�c- ;� ' ` 4 it {} ~+t ,'rtl ' I 1 �' r ~'i ' , '1` � ' f'� Authorize the Agency Chairman and Agency Clerk to execute the attached Exclusives ,,, I t, r �'. z 1 �, f ` .i f, `k�'t~ I Ne,Sotiation Agreement with Gri`'in/Relateci Properties. r" J 4, b .r I I - ly, : ti C'' tt•S rf,'. .. ➢ �Y.�� 1>w;,t .y 1 ,. 1t ! I-, i. j r t t 1 .•J ANALM"' 1 rt t' `(t, 7 Frye t{ � t, Y = ." t .: � . -•'. ,'; f Dnrin the next ninety (90) days, staff and consultants will negotiate with G/RP to refi►le }' '�t4' i `'f :` I ,( "I _ ,;.. , „ \ y the development conditions for the residential rtton of the rojecc, and to eterm n�. .t ;. a=tl r, i` `I `� the land price and ;errrls. Concurrently, we wf11 work with property owners or, the owner ' {.7 , ` ; ,Ir °;' , ll�, ,1st ]: a ation block to deterinine the level of Agency financial assistance to L•e afforded, t 1 ;� } � {+, ' �4 r ` , .: particip `1 f : 'd to develop a specific :irneframe for the development 1)1arl. `t �)k, , Yc . 4 , ` 4 `q , r' ''` `` ` Within thirty (30) days after the approval of this agreement by the Agency, developer f(t ,� ! �f r`, Ott if r`]',:' wall st w'th the Agency an irrevocable $2.5 million letter of credit. The Agency may f {�r{ '; t, w : t_ - ' po f 7 t r (t�• 9 y' �' , y t `;�V } W(� "_ ' ,,-'z draw r,gainst this letter of credit only to assist in land acquisition and assembly costs, tJ r1.71 1,!) )i f j' f=o 3, including the payment of previously incurred purchase money indeUtrdness of real i a: I_ ; t,J��i fc. ] ];11� t,_ ,r',,W t : ,;11 property located within ,n,• development site. t tots TWtik t - t�)t fi t ,Yt'`d1�tt :' If" , A4 eJ i,r;,_ Ott lr` ',tr �'-',-', Interest shall accrue on t:�e fu4 ds drawn against the letter of credit in the amount lesser 1 n`, �t:t lr.}! rs4 `�` 1.�,'.II',L"ivI,�,.*.�"I,,,"1i,1!,I. �* �l1." �.,I.r� �.j%',l ". I.�.1-n','� _:. 1�11 I. )I, ,4�. '", ".-i';.,—; "�*,. '1'�;&0I.:It�--I 1 . .Aw, --�"1I,�;.r�.,_�1:l.1:%"W�� -:��....4,1". _"`- :-,I-1 1 � �."1-i;.-� ( .., .l, I I. 4,III�.� i, -, . .. ,"., W,�,-_-( ', I �1. , " -4- .. II I. ;, '-i- �� t t ., .;'- of the actual rate paid by developer, prime plus one percent (1°l0), or twelve percent { l2%) t -,�� t;� `Y -,it .Y :, ]' !: {' ter-t t �{�� `', t per anrum. S ' �t1•` �t, (fi! �; �p - , t'4 x 14 ti ` , , t J :, tt, - ' • 1t t r l �� a, ram ] ' j '' This agreement shall autoi,iatically terminite on November 6 19d9 unless sooner , --Iy ` I'ir : ryf !t�l.rt ,, Yy M4l �/1."., , t , J ] ' >k ,;. 1,•y. r� , terminated. jf,`sl 3 Y J. f yr 1 �h 1''r'R S I�,f,il t, Y •t i 4 1.1 R1'L_ Y . yy d t93 - 4a III, t , • r f ,ri �, , r i, o lft I, ,? r-` , f > irf ,� 'r, ii,�.it 1;�,�aj1,,.trt ,, la tt j �n a r +V'P. i . ` J.:i,r r , r tr 'r ],I t it r ' t p�i rl� ,: =LC ' t t�� J l �-rr` , <V`� 4 j'�•, a ` r r ; t !fP_ t1 �,;; t{ it t.t ! rj fo • ]« ] 1 )t to �'� J • 1j: tl ' �t /j l ,,r '1 i '•7i1 < t Y'i, Tl j r , l I < %111 '1 , .71 , �I. rJ, � :C r' i { T t> i `,t t j t 'r r S ,` Yi L j, , •f ? .t f " i'�+.j I... — , it t 111;-, 1 r� S �,', ', r. t t�;-(' t ,.,tr.. , .,s-: -;4 ,.� ,.4z .,.,,-,t -f, r' - ,.,..y �,•,.,,.•. .:.vw,.r�^'tytr.,�- hn^�'L, + 1,', ; ,.ti•r�,'.1't•ry xr7 .� �] _,:t �7.5.•.•+-.�-w+ia•:•�,.. t, r CR'S! ...,r�"h 4 »..., f++ :, •i i 1 :� I /, ))� , ,<ef. , t ,t: .: .a 1 '•' „r ,. r:. 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(•.. y:"i" „`'-. �•' ` , " :/ ,'. TI' t, J. %Ifr. 'G, Yt 'I:.] .:. -f.;�, '.i '`a r )'; r: .t, C%�.. 1'..>Tlr , -,, !a• ., Vrl �`• r ,!a '�'t?'s 0— ,lr0i qq e / •r - :-,I 4J1,.'.S' t]4 •:,_i], r ,,.r - .1.. ,� 'e i - .�•..ii ]7 /_ !.' i.;l.t,i .4,..1(,,; L y� .h �j�(} a*1�,y r J',,{,� + =:,i 1"- 7,r) _. , ,7r, • . :int ] :.,_ :1. {{jj)J�'S t r,,. `IJI :.1•'%i+'Y f A'.,21-' ( t, (ir°?91',1�^..tr. s. J.{., (il� ;.. r••'. �c ,]\,. .1. .s, I '1;/ :i (]•- t1i lr. _,1.. .�`' �r:i :r 4,t Iftt. `. f) 7(,. '4]:a'!,err,.y; 1 t., rI�": Y• T. t, I'• !h. d w a �• !' - :iJ \,_ ,It,;, , s, s�, t 7 r r. •I. n tI J f ra",� ,v< a l :,, < . 1 '.. .r.�.:.'.;"•.'i..l4 .�,_�:,. :::%i,'�tf ..L _':.,' try. r , ] 1 ,)!l' .]• ° i .A rr'�''I, `E1, V:. . ,y 4 ],rr. . t , it , ],' •t tPa' ;Jf ).,. Ii F71,. Tff 'l/f. r„J .:.,i W� �-?�di .T,J 1, :? , ,, d i'1 ,. ., 2j ., .a,T.. ,.r,, r '� ...,, ,, •.\ ,:1. , 'if' �.i,!,t, 1�; .] ,{l� Yt, �j r. ,. ., xT ...:. . _ ,.,I .1 ,.:: ,> .- .r -. •'•'. :` 4 �r, II - j� 1 tJ "c `.t 3l , YFI !f�'+.��QQ f." ,'.1..,. ..' .Ir. -. �F! --=':.t: ..••..,�.Ft'""I, ,. r ,. , !. r t , ': t r -1!�In .,'441, r. •,v f ,.,,:, -.,t tom .. ti(tt In,';:..,{,a _.,. ('1 ,. -,r.:: r.!;; t - X' ,], . 'JrI �'d.;,,, `i a. ... � i6 \,§`. '( ,.. - 1 ] ' - ��''�,� .'y �� +tit, ,. f `lam ,a', ,.;.'1 , '' 1 t e( }, I;J ` ~j,k \ t a i� `,', ,~� ukl,,r, , r t t {1 t Srtz' i`1 I t t r, r ...,< . 1_.. -. ..,,. ',A ir-4 4 T I' .i'• f� r, )�i r ,�r ti i C', .1 jt ji";�1' -I' I L iA `7 G-SOURCE. e I, Q, None required as a result of this action. F R IS AIM ACTION,9: 1) Defr-r action at This time on proceeding with an Exclusive Negotiation Agreement. ji P., ATI&CIMEAD V li� 1) Request For Redevelopment Agency M tion or July S. 6 itcd Properties. 2) Exclusive 14c gotlation Agreement with Griffin/Rel, PEC/DLB/KBB:lp 497711 3 PA, AN Ot At, _4A `4 U T, A tj 11 ON, ilO.Iiitr-Jiw�_ j;704— . tT.tr 41,;l, 0!5 it .'d 4 �L 4 N t A") 4L I '�A "A N; Ij )iA t" V� j All 4 IA Z�7 7L, . .......... ...... . fta T:v,r, T7 L 7 cLjr-- MA9M IWAW- PIER PHASEII G-AW AMA= MOV7= 1l J, F ai- V3 f �.j fk T7 F"F� wwuz4cA;j" aTAr, r, n Ic A *kI4 % ,tI I ,, - j Jl_ ,rf, i "'fe, IV 16, .......... ,; i 1 , y }rrrl .- F`�t-r. 1 A, t t llt ii, rt :'v� + .I`�,.- -I I 1 1(`Sf y1. �r.' —, jj"iI�.l, i'!1 ,�t�1,.,I. ,;-,.i�, v .,,-I �.,1( - :lr,-,. , -1 �11� , ,�l�,;-,';"� �,1�, . _.,-.� . ��-, ,- ,"I-, I 1-:I.� .. :.-�-, %.� ,,,.t.,,,I."� ,,.A�t. w., I-1 `rI -7*., 1.-t-,4-,,�,.. "k I.;,� ,..,1�.. -. ,-*/ :,,-.,_,- -,,�: , �, !,1,!.�,�1 �i ._ I7I--'! �- I"�-�:�-"'.�, ,"1�-" 11 , I,-� -r�"-r, , r, ,1,,"' ..I, ,I i,, I"�.i,�.� � , ". I� . �-:I .I ,.�I� -�, . If�, ! .1 ,,.! �: � I�1.- 1 1t4.0,I), .: ..�.,� �� ,I.I ,I .�., .I .a'II IM.". ,I, , .*,,�i . - I tI , " ..i1. ..,1, ,�I � ��, I -,, I -:I II �TI '.� -.. � �t I,.I I, ,I I�t : ,Y �I "t .I " . �� ijI, ,�;, � O,, .,I, �I 0 � , � , � I� F. I .I : -II 1.4 . I - -. I I . .I , :H1- 1, 1.1,I� . "� �'. ., U� .I . : tI. . II ..- , I ." .. . " INI .-I. t,, '�, . . 'I., .� Tti "l,I,I �,,- .1! . . ,!;. I I !I .I, . I'lI iI I� I . 'I� I �. , I . I�I . I � I� I� i�( I 1.. ,I II 1 �. ..�II �I..� I :0 ; I,. . I. II- .. I.. - . ,, . .. ��,�,I;,1�! I� ,. ;,, I- ., I -e#,I*'��2�,I',J, -1,"I1",.., � .7 ,. ,1i--.,,,I . .rIl-� , ,tj., "__--L . ,",I ".. � , ;,� �:1-I,�7"._'-.I� ;, T .. �,�_I iI ,- II-r'� r 1 'I",ltII ,,- ;11 I. xVI 4. 11 ttt1 7F , t '!, (1` 2, 1.-'ii it f a* :, I} .` +t 1` +1 ir,c r r(I !,. .r I, `i1 A, t� ~ 4) i t . x ,, t1 it>rF 1 71" f4t XC. '' f74 t. .i; ,.{j ;r: 1. i `r / i . ` f�t)t ' '.y+Ar 144 ' P1 11 y ,r r�., ' .,-`j i':.' :(`q I i;'. ' 'I `• •, i' 1 ., . 4 i.,' . , .r I. 'tr.,a. :ty', ,k1 tii � r ✓} ) k k t } `,, lr :� t ` 1 t r i,i itt 4 r t 1 {' r!' ` P i.! :. , r Itr t it , t+t r , "r�, Ot fir s i 7t€, r, w .;. ! �,, s 1•.� ,..II 1 S • Lt i :, o F 1 ,.. 7 4 1 .,, }} �r x L tl t' 1..,++ d .1 r . f .l , • ,+ =. •, 7 � l;4 t it;I,; r.,, ;...ti't,..' ��, ��..+^...«.+..-.......... {r, :ti, rh: iy',`� ! +,.. 1i `,`rest+ ii.. l '• I..... t , yl'1 ., .•...u,..I---'.�i:..J,L—, .a....:. «_,.. ....... .•:.i i.....L_ it .. �. •y' f'f l t' .li .1�, .r i,::' t'}? r ft�� 1riM' r s A't. t,r ` rr•i?1 • 1., •„ 1 ! t` +`'+ '-,;.. , . a., .._:•t1,4 •_.. n�...—.1-1......�5..{...:il..+..�i..A1..7.:r.:++.+w.A.w`1•+.�...-:.L-�:L+.. '� {,'i 1 I :.. +e :fir tX I1 ,A t I .1, 7 4 %, I / t j v �i'II . aF at tI ,� ,It e ' `1 1 +{i ►rr t' � , •f ,l ,•I ii 1 t"ttA + t to r 1+, *;:.`,', �� ;,`, 1003 MAIN STREET �► , , "'r >,r' +';' t„z:.. + <� ... CAI.IFORNIA92G413 rt� V.I. is Y. OFFICE OF THE CITY CLERK r' ' r t 1 i !i �Jl ` It , t.. # , .t r i, i P . .. i 1;'1 {1t' 1 z� ` , 't `�'� '. ` i t ,; 1 t f t } i�' j ' t v +\� ! y, t i i't I 1 ]t ~� .1 _ rI' j,. r J , S( it t '.. i If, ri t I ?+ugust 10, 19©S )}--`"it fI 4:, i r, i .< 1 , , ! r i . n .; t 11 mi S7 1t �1 ,, �;I t s ljl {t`.v`+I+`, + ' l j Grlf.fiil I?elat��d Properties I r ` ' ��(. ! ,j ... t t, .1, ,-,I,L,.,—,,V,� .�,,:o,'�. ,,, ,.-'I .,,,. . '�,t _,�_-.�i.- "- ,,� �I .l;-I.� , ., .., ,,,.t'"'��. Il , - 1:,Z-,"i Gci>rfin 'i'aaPra ! , rf x� ,�, 5 Hutton C:en+:er bL , , Suite 950al t r� t ' ` `?' t ti r z .?t }T ;' Santa Ana t::A 92707 { `` 4tJ . �, '. �'t V ir7•t +,rAtYt,. •Y Y' ��>'t 1. i` Gentlemen: i -,+ � ,111.b (Y, r;, i) 'j ► ; ' 4 , ,. l,t � r The Redevelopment Agency of the City of Huntington Beach at the regular t „ '. '{L-,l�j" ;"i�;- t (�I r '0n,=, ' , ilt 2.-, ie t i•1 : tneetiny held August 7 r 1989, approved Exclusive NegoL ng 17etweE:n it I r t?. +`ij t � s ""� /' J1,t � �`f the RFcievelop;rent Agency of the City of Huntington F3�ach arld GriFfin 1,%V, t,� •t t I j le t ,�-,rj%,.e�' r 7 r Related Properties I . Y 4' ',, 1 ( f +t it ` I e• , 1 �I •t '" k1 ., t:' iS f,+ y1. sftr- .'I 1 �t , }^. i 1, < hi .16.ry'+'! i• '' I :' �'� i' : Cnclospd is an executed copy of the agreement for your record. ;' 4.,. - s +i t , rl 3r r� f , + +� ,' It�l L J1 ' 3!": I `' 1 i t rr 14 y \'` It. ``Ji +, . n .��. Si.�'iC{rrC.T 'r 4t+; xt+i It>' r�i4%I}lY{t ifr0t li J• .t E t., t I t ;e, t'., , t S1 yritt r 'Xr .ft° t.e , 1p i `- y I ! I l ;1 / 1, si R.+ iI ` l5 "" 1 yyy,,,tt r.; td C1 +( tj I r'7; t t ''i�'I fr a :.. it4+�edr,.t ` ,...1 ., it }^'e �.11i.111 , �, t t +jt Connie Brockway, C.MC p, ., A ,w{��, i„ it + , ,j City Clerk ; A77, ,f . ?,t'; r '.+ .y t +''r't'r '11 }rt try ` p r� rrl. � + j�ta �t1!" y 41t. 1 ',+t S W" r r�11':e f r ' CD : l ,�}� r .,i� �'� y I T t. p. ,S+ wtrfl ,i i1',1 '!C 1. 1 + '" ' f Enclosure: AgrePtnent '`{; ,�, r 0 r�i rt,,�,}_, t, att, �' r.l 4 , 1 r Fir ♦� ,! :, ,jilt ). 1,.,, ;i•`*.i I, 1rv,-` t s��f%'3t -fit rxJ,;'` r. try 11 7i -L �� -` f * ; i + ,'� '1�. I ' 1 C: t t , •' - ? i t` + I,.. ! i' y� t:: tl 1 : i`, 4 ti j r' /1+L1, ., srArr 1`' # { .� r ) I• H r r U 1 51 . +i I I. t tl �f t/,�� it r, (�. f ,,,A X 4 ! 1i `•' '�r ( t ra 1 Y .i! , {' I j r irk TIf"��z �'i 'railSJ" ,� i tl K , ttrt ' . + .r rwii . Ir r , ; ,�l j =i�l S 1j l+ ,1' t r rl i f y, I;� fJw \ ,(p } I� y) t` , t It Y •;(`"l �T. 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I, kr I Ili �,�, , •ri lI - , ...�, ' 4:% :In ,. ► -�F' 1 f,0 r • ,1f 1k r r ,• « `, r f' { f„ 24it, s,�� ' �, L)' i it M I • i 4S r 2� ' T it i r , , jj! �(� Y I • a ,] r, ': . lj[y'( 4'• •._.'`11 �L a u '�Cr` : 'j., 11 J" :11 �t �!.d . •. 7 i 3� t`) t ) `,{j2 IP r4 *,il, t .•a':, t 1 1�,2hr" {t ' >,, .I! 't: .IIJ ! ,. - .. _ , I ,ram `. 4 1j•f�l =ht •`ttc {] , ' , 7f r ti -', t1. 7J •f) 1.) 4c •r I ;, C ,ry.. = 1 ;1! 2 ', _ 11. v,r, st ,' Ir1v1'r1::0 + 4_� - i" ,," i�� i `),L,�rt 1) f t i. Y = rl, I r 'rtj �n 1 �,t. 11'r { fr•' "s• . '.jf , r ! 1; ,1 " l.I if' , )/I�;{1 t .I Y/ ,4,—t< c,' 1• " { 7MrJ' '` t it ,f• i �` i !t tr 'r : =t. i t)_ t- . "I. 1 , Is 4,", l r• •ir { • 1 'r'i) ' ( it 1• r, ',1 ( ''+'•.1♦",.. �,,a :�': r •a)`Zi ..1 tt i ') r 7 �. I •+ -, •1; %, ! ` ,. i! -. ' j1r. 1,1) ! 1t + , '•,'r ^., ,iat '�, �! v . r F c { ,r,li t+:. .n ♦ +�i yt� ', tt Ut�S { MTr w {.yam t., � X I` ,, - ♦,` ..• ,� .. iw4T'ia «« ',e I'>,., •:I . K )'i '•�'1t 1,. '7 f t. J t, .. i .. to f,. r ,,, ,• r .. I� i • �y 1'r y1+� ter/ ** , . , , . y}- r L t'. .. +•!'! ... •• ,. .aT !,:. ., 't, ., ,..:. :.,, r::2!-' '�;.,F e. r,._.,1 i. ., �l.f ;� '� wl.f , , ,.t ,f ' . ,it I-, •,. , . .,).: > i3..: I'...t.; .. ,:.. ,:.,,I . , • Y•,- 1 •"' .'„ tY , S,.l!. .. +:.:wau,.: 3 .y l \ r! } (/ 1 v ' " Cyr 1 r A . j' i i, tw. .�1F.,a.fi ,-".,"- ,• ,.v,... x t.:.w.,�{-1 r1..t4��i.:....-u,J'.N ..,4r...:.'......, .. . ... .... , _- a...,,.." ,-'LA,".��et",- t�,_:.� -.,( -ti r/ r,." ��t, ";i ' 1 .:JF> f� r r �, ., r J:; t y : . 'r ). 'iiii ll i tt ` I1 '.. , , , 1` 'I •riJ /_ i.L a /I, •' , 1 ,.. 1 12Ji �r.,'� \ ( r.:I Ff ,,` ; )". 3,',! J,, r REQUES - ,SUM LOPMENT P ENCY ACTION ��,. I Ilk rr J ! 7 1 I{ t�r t1 ,! is .,,ki t,� Ai'PRUVED BY CITY COUNCIL `'�"' ' y YyY 11'yl{, i' yi y•t`:;,4tr t = i!)t . • i!! y1,"i I4t ,`:f', f «L I l # A 1. 1' )) , " ,{ 7 71 a l3 a �7{I�7�i ,` ` 1,r July 18, 1988 t , � r : ; . A � tt = th 11 I , ; Data _. _ - r ' C TY .Lr K ,' j I II �� ; � )�/� �`4,W' s if'11 ! �, t, t I"I,;,A it onora a h i an Redevelopment Agency Members rt � `, ! ,� i it �' )I t '` ; r ? Submit?ad to: 1 {l` s .r1 , ' Paul Cook, Executive Director t�' -t ' <` �'�'. z .14A { r 1 •1,,f, .,, , Submitted by: '"� '� ' ; .J r r ,i if , ..)y I} k: r, ,, Ir f!' ' 11Douglas Ln DOW, Deputy City Administrator/Community Developtt `�` ,r 1 `' 'Ii! '' " t «- 1 , Prepared by: F rI 1 1t j� trr. ".4 ` r, vjAIN-PIER PHASE I1 STATUS REPORT AND RECOMMENDATION FOR AN r` " ' ��' '',.tl'_(� , ,' Subject: EXTENSION Ol: TIME FOR NEGOTIATION AGREEMENT '(, .;i ; ,: Ir : ' 4 c }. ! 1 I �',. r 1�t 'tit! a r ,'Itk11 ° Consistent with Council Polir.y? N Vos ( ) Now Policy or Exception z�, ' .: tl �( /17 T2 r ..— �� .ram. !r 1 },` r�!, ,, tl''I, " , Statemont of Issue, Recommendation, Analysis, Funding Source, Aitornative Actions, Attachments: 4)? R r 'r t{,r,•+ 'r' . !'' } ., ll Jlt. h, %fit', 11t'''. �, 111) y " .*Sr «tw:La Mn 't Ir '�� ` KI 1 72 t5•�1# ri'. 1 )�f�v��•t "I .. -f. M� /[ ,r�y7_•�K '��w(/y' , .I '{�f1,,- i .- ,y r .17 !`.1 r f, 1 `iL' f �[!t"1 l i ,� t ]', STA'i'I l_fi_NT OE ISir�: '1►rx, 7: Ft r ft''r,! 4 ro �;j`, "� c } : i ; 1 1 it ,j� I� •." .r '.,yi',5 � } :J hlrr� =r ?faii 5_ . . t••�% 1, t, 1I "' . t, , On April I8, 1988, the City extended the Exclusive Negotiating Agreement with Griffin "`<;� IL �r' ,' 1. r) ' ��, t, ,r Realty Corporation for Main Pier Phase II until July 1, 1988. This extension was granted i'.1'.ti) ` ' ]'�" 4 z t-.. . 1,\ to allow preparation of a revised conceptual plan which would address the Agency's `'ir_< ,. ,, "�`1 ` "�';� e ,,•,' / ' 'N , '. ' It concerns and more closely reflect the village concept as currently proposed for the (I 4' "; �'�,,i , "• r1#i t , ,1 ;,, " downtown area. Griffin Realty is now requesting a twelve (12) month extension to work. # ,`i ',1� y I 'i toward finalizing a Disposition and Development Agreement. . ��t, '�,> ryr•,, / A }>x' f, ? I!i ] C t,\J �7 l L I it !.1, t ' ,l I+r J,. �\ ISECOrID TiON' it l�r' LGF**4= •$' 4 c7 4 1 ,7 1lr . r `t� a ti, 3 4 !?L . E ,. t,11,=t,, 4 , ,t } ti ' '+-t)!Fi t ;'", Staff recommends an extension of the Exclusive Negotiating.Agreement will July 1, 1989. ``; y 3j, yes; t r+ p a t i2 { ' \1 �*�i� // ��„ il! ' r{ S�`+�=j,l l y=1� I+r •.'1! I , '' t - "%! '�' , rf, f ],J, .i•t t itt t , 'i c ti r '. ,f; II:T,`4t1 1('Itr ,§/i,rZy Awlv.' �"A 4 '4r ar. {, On May •S, 1987' �:rlffin Realty Corporation and Charles River Pry erties were acce ted r !�''` '�� ' ' �`�^ ' '.tl �`Ja ! 1 `: I� p L r 1 }',' t r, tf�r•v fit j5r t ti,�; �� M Ti to replace A,M Equic;ps as co --developer with the Main Street Property Owners in the - (�1 �•2r �, Main -Pier Phase ll Ptbje; t, thus assuming their position in the Exclusive Ne otiatin ,i �ily�� r ' `.'. ��k' ` , `lit' ``�` p_" A Bement with the Agency. The Cit A enc has been tvorkin with rif g g�l'�� 'i � � .� �" ,�� , ''v+'Y g Y g G fir. Realty since ' , c't�� t ).� �, '' +' I'.4 i ' ';� „4, a that date to develop an appropriate design concept for the six acre site bounded b %s � ,4 �'�: �' , ,j � 1:. ` ' :, l'rk'rNra 11 fit! y it , tii / {`. Pacific_Coast Highway, Walnut Avenue, Main and Sixth Streets, within the guidelines of , I '�''6`. ,%_ ` , ' `� t '' the Downtown Specific Plan. � ` i' 'if' •1p' t,r` ,: hX� j�it? ' t r7J7, r. f t`+, �.ikJ",; t `I, ,'I 1 _ ke t�i �11 1� t xiUnkt 41.4 t 1i <,' �'4 ,' In order to com 1 with this extension a conceptual plan was submitted by Griffin ' `�' 1 `` p `'''1 _ ;V'� a; Realty. The plan includes 200-220 residential units and 25 000-30 000 '?','? t4 { ' 1' . �' .1 square feet of new i i► ,r ] ttr ,,r•t,rllr ' 1 3i. '�''J ' ,i ,t �` /e� retail devFlopment as supported by the marketing study provided by Halcyon Ltd for ' ,�{ & $, , », u;ti, , '• r,a j"'" +�'r 'Ir ;t, �'' Griffin Realty in July of 1987.. in addition, the plan would allow for the Main Str �` Bet ;• �t a1�ii 1- I ; rf s V ?st : o � 4Property Owners to redevelop their properties and concurrently develop with Griffin ts= i°-Y a s' i , , : lrI t ; r ,t �, Realty. Griffin Realty would coordinate a compatible design for both projects. ;-,rit 1,«,�.'r, '�i 1 -'- I 1, r { r r t ' Tl: 71 Jr!t I r yF � ,, j4,4 J! yf . t I«� 1 i ts`vr7 1� Y , i ` y%,'$LtR f S lJ,�. t t 4_ /J•.t0 tit. �`14 I. ,1/1. ,t.'1 } f j/. j 'y f hS 'f''."fit1, xj`' F 'l .. , yy, 1, Ir , t lo5onyy{(ll�}�l�l�;�_a 1ir f'f , l Y . i�%i 4Sr,C/fiL Ir t (4 jig. `t,, ��}� r �y!'�2 �,, .l V,kW :'.+� t LJt )= t« 1t`rl y/� % //�) (: t; t t '" f 1. tit 5 i «+ J ! r i, �; t :� Ft.ail 7 tt il;' P10J1l85 •' r t iwSr4i i + .01009 . i _ �4 'C � I L, i. ' i. j1rt /ti ..'S i �f1•lf t r r`.. �,� M. f`�`rs wt7. .. T„",.'«ji ,r•c_"!tt1>, ^,' Sa'? iln lc l.r,!.'[t'.•''S. ir7�' 3�::.,vapid:::S� ^ '�:. %� [; t "P'^.�-a-"[11 .1. 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' E r INTER-UF.pARTMENT COMMUNICATION 1 :..' t74 :.:ll i i � .i� SIc1 I,: i r 11 i 1 --f r�i l ii,• �! , t( iSft'. lIUN11Nf,TC#J HAW t' �({ ? ,! r .I . rilt{ ,,Sl"` 1 i'�ytr lJ: �j` {,,1,,�It "AA Yt'. I ', Y 1` , lr, 4r $ fi r ?: ( 4 r F i (I tr P� ) PI 1 1 i i. 1, r. ` i'�i/✓ 1 1` r !11►' i .,;, k, AT From Betty Tate ,+�a� R ,tr�'tJ,,l1,>,+' i r,i X rx :!, s y To Pat Spencer peputy Ci t Clerk. , ;,f,• 1 y{ f 11°., � ' -`c if i b Redevel opme?n t Director y ,� ri t ?. ,11;11. , ; 1f t; 1/ —I ., s + 1 ;,. I :, ,, � '11 l '„' ,J ,',ti lit? pt: 1, ,t I� , t'1 )t ar 1 �� li?t ' �� 1�1 : , i" ,1 ki l ,?, i j i " t i' f). iY1 , .•tl S ,1 ,J 1 ,—I \ i1 „ ?-. i ^k, tr t' .. ; 3,r %4 - i , 3 1/ li M,"X ` vfr a ►'� f1 S'r a, i'1li l ,ti; , tti in , , + 't Tt 1 2'1 t(r j F 1 Y. \i 1% \ f it 1 i i , 1 , f , i�l L•, p ri"I It(t ' a" r1 t" 1 ;. 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II , ,.I li 'J.ti r `t, , 1 t; W ♦ 7 tf , r ' 0 j1 t.v//il //�. t , j J` i - xi "► I% .., t , 7 , i n�+- ' {fL ,�f1 // 1) 4 , ?l j1 + 1i" s :'I+ 16 J' i ' yl i ,, , RECORDING REQJESTED H`l ) , ! t,>}; ' jti4l`f �'', `` ` AND WHEN kFCORDED MAIL TU ) ;:,ki ''F 1$^rr �'r .'t ,. ANL� MAIL 7'AX l;TATEhiENTS TO: ) s t„r ,f i „: ,` Iz'cll & Manella ) .+ 1 ,�� J'it`' ,� v { I .,t 1 •,, .,+ , OdG Newport Center Drive ' , ,� .t=, �, ` �'I Il L J' " Suite 500 ) t� ,. ; .,,t ',, ', i ' Newport Eleach, CA 92f60 #, t`,'t J';,,;'. ail F ' Y 1 -I;*, t1'� ,r )t1 i 1�i :,, �lx�yrlt �tt_1 ;I. 14 / 1 1 , ) �_.,_.Y .- � ICI. ,.t;. �(� , heti It, iI t �'; . Attention: Frank Caput ) �` ; ;z '_1 +,J7 , I ) � r� 3 , } -A 11 !(l,,k 1 ) (,�tr. ;,G ii ,;.r i l ,�, (Space abova for Recorder's Use r''s'I'="�`'`'xl i'j`1^ ". `1 y 1 ,:. •.' fFJ'a-` t lint^.."II.; } ,'7\ ,f, ' i • t �' �F '. 3 i �:'itt� �'r : , T / ': =. LDF—' 5T WITH A,S,$ NMENT O� RENTS � ' , , . ` i1 t 1 ,,, , ftl ri: ' i , ,,t t lv's st T ,; 4st l + 't 1,. _,`r rr - } tl,Fa i , .I.I ,��`rt,N;#;. f4 q ` �, " This DEED QF TRUST, made this doy o[ Ochober, 1989, ., ,- J A'i' 1 °►. ' r' 1 " ;, bet�leen THE RED::VELOPMENT :,Gk:17CY OF THE CITF OF HUNTINGTON BEACH, , tt' �� ,'�k �y'=L'' `; 1 1 ks . r , sr�' r j 7 • ,� k. t.> i fit, herein called TRUSTOR, whose address is 2000 Main Street, Huntington fJ. , r yy a 1,;'��r,,r 't.' Ohl 1 :1' x �: tl HeaCh, C�. 92648, FTR�T AM?RICAN TITLE .NSURANCL COMPANY, n�,+* �' S.P17 `r+h,; ,,, �� i �r*! +r '' California corporation, herein called TRUSTEE, avid GRIFFIN `RELATED tax „(if#, i � , ,A '�' } , ,' `' '"� `' 'sJ'' PROPERTIES - I, herein called BENEFICIARY, d , r {t' , 1 t .i Y-f - t1' y6 i 1 :tlj i �':\ '' 17 I T N E S ram` �; ",,'�J#;tE',t�^'4,~',:, t�,r; r t , .r r: �. .r ?rrl at j. That Trustor grant4 to Trustee in Trust, with Power of Sale, that '' `+: r� `'' r; r : :r '` {" _ 'r property in the City c` Huntington Beach, County of Orange, State of �. �� '_' t+''it {r `` Jk tni�1, I,"i , } +� California, described as : •' �zf[ I ^� J}1.1'i; -1, r i ,• u 4 ` , �';1� 1 1 11„ fZk7 f :r At r. t •. 1< r , 'J [ SF,E LEQAL DESCRIPTION ATTACHED H�:RETO ".':1, r" ? , rto,— �' « ' ~ N[[ �\, i a`; `�: ` `I �7'� AS EXHIBIT "L1" AND IhCORPORAT'ED HEREIN '' �t`'_ 'I 1- I'.- ii'k s ,J , i ,;ih.. DY RF+FERA.NCE] -` y; �,'J, ,r-16X ' ° �., cc e t4•i r,1 f y.. [j ! `Xf ,;ICI��5f'ti Jr +' 'yab a'1' �t j, a' .� +! {��t T,y{ /' I' f •i:�'%t"7 AS 'S �1 " . I>y` ' (...! `_.'.J. ; , ` S '>`ogether with the rents, issues and profits thereof, subject, ;tJ'',;t?,"a7,7;t,'' I I �t xi i —t , t,',, it-: 1; however, to the right, power and authority hereinafter given to and '` >; r< r i,i ,,, . f J , ,;;, '.fit _JAJ J ,1,' :: conferred upon Beneficiary to collact and apply such rents, issues �J '- JJ,'�, , ra; wry ZI-Ti ,Q,A' ,!" 4i/` +., a:�d profits. � ,,nr"),'.- ','t ♦r -, 11 1-:1 1. !*i t, t 'S ', t, J:. ,15; ,jl (t i F,1'W� ;V, r'rj ':.,i�r , .;xlt lIi�ri ',. ,� 0 For zhe Purpose of Securin � ,I��it, sf 7 �.`i �y` r�;Jl, Y , ; e f, ? , '�t 9 (1) payme+nt o,. the promissory note AE .e -,�� f t' `;,r �i 1 � I- even date made by Trustor, payable tc order of Beneficiary, ("Agency ;�r, ' i ' : 1 1 ' 'a t • r�r~'zlr'f j,£'srT. ,; iJote") and extensions or renawals thE:reof, and,'.(2) the perform.nce �I.i'F=.�s''ti�l�l\�* i 1 A,, ( I t iq 4 I 71.'.' / '�1rw i ,ri, �. its J' , 4•; ,•1 s Alxsfr `n �i, o£ each agreement of Trustor incorpo�:ated by reference or contained ,}r,s, ,;-'i ,4, cl 1•,�,,x, 1{ ."l; ,t:it" 1i y."�i,` , •'`i','' n TJ'�}�31r::�il�i(-,+:i�'�riLi:lit (/' l%Iq.,.,, r. . s',.t{ i rri t .:3G':. %,i1a„ n;� d`1'rr � -;I i.; .-� 4w�il � i� A3'i : L ,Ts-,u i k—t�% .-FRT.:": L _.... �..r-..••-.��.....,...rw,revs•K ��'%i � n,'.'�'� I '� - 'I I - ..; w •r- a� y` .. , /� J t t r r r ti i. t '::, `11 .,l; �»� .�, . t, , �:.:, !' i` .j1 ,• lj tit , iY;l�,tf:',I 1 � 7i,.�� .. f%, .t.a,l • ..,,.I-, ' T� , ,. ,.. 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'., ,. , I ,1 j7 ,+ s 'd xt .., - �f) „ .,",,T _, =pit �' i I, It •Ir,•p K : k '� r ti'.'i,'" _' I . r. '.'.::.1 :rah. - . ,. r y4. n «« .'i",r.i fi.r,4:►t.:.:'..,...,.ir•.,i.'+?+.,1:..r:iY�u.,.r..,+..-,— r,.,; "M:'s.r r .,t_ 1 , ♦ ..- rlI •'; d` ,,.f,.- •:wQi,..1�..W..+•+..,,..•......-.ww+ewr/rLSiiL:t.l.icwr4.:raA+�wV 1•A%I,i'1f.w''..*1At—..:a•Yt.,.,OL ,;i.,Ali•. «..t1.'/?'t',•..t.•r., 1. .r , r) ,t "'. ),yi1 :" �:�, r / t 'Y1.• L , ,f:, I 1 ;i7 ! ; T i t s 1T - r a , • • i t)r Z i vJ , t L 'i�(/ ,4 r " a Y Ilid i L1 tf ,—J. ',„ a rr ')t'( )lriF , tt t k I r!IZ, ' ,., ' �J r t, , P ,.I'- harem (3) Payment of additional sums and interest thereon which may `. ',�, .,4 r, ,, • r '� - ,(-A `�i i.. hereafter be loaned to Trus,i:or; or his Successors or assigns, when . f -.� `t t TJ � t�� y• evidenced by a promissory note or notes reciting that thay ago ;3 i j'�r�► O'-" , , _ ` ,t tra= a I ser'ured by Chit: Dodd of Trust. ,4;f,— ```fit;! ` �t k ) i ) t t tk (..y r• '+'rid)` < ',r , To protest the security of this Doed of Trust, and with respset to l l +-' r 3 l ti , ti IYt s!t the property above described, Trustor expressly makes each and all `%. "rv�=��,,- -' Rr ;.I ,,i(� kxrt,; :' of the agreemen*s, and adopts and ogress to perform and be bound by 4ei ,, 1Ze., tuft✓ 0r each and all of the fallowing terms and provisions: ,r; ,t'"s r' j' e f M r i +f s ;, ty• rryt: i �) t if 1 r Jrt•r r_,s: tt, (1) To provide, maintain and deliver to @oneficiary Eire insurarce �t , Ji'a, 41 ' ' satit+fnctory to and with loss l�ayable to Beneficiary. The amount ',, fir''' i�+ •,, ;r!.tT A 4 ;r , '^ c t , collected under any fire or other insurance policy may be applied by ,,,. 4;0;, tJ },t Beneficiary - u on anindebtedness socurod heceb and in such order $� ' r J` r " i. r, e a P Y y �-� !t ;,)5fl,-- -),,�, "O "tit' as .Aeneficiary n)ay determine, cr at option of Hr�neficiary the entire Y . , ` C' '`-% ,,;, . Ali i ' ': r r. t r �Y - �{".. �«"7I Ir: l�r :,r _.� , amount so collected or any ��art thereof may be released to Trustor. ,r' r,. < r t -lt '� `` -'' Such applicatio.+ or raloasQ shall not cure or waive any default or `'s`;j� {3=�'� >', 1 .� ► notice: of default hereunder or invalidate any act done purruant to ,� �' �rnk ,, C' , <t 1' I • t ' !1I' , ,` such notice . )•rtt�+zll};,-t, t I J t 1 Ir t-'i.i {w lli."' : t', NI t ,( 1}:iJ. k f v't l r ,.�<� )A, r,t , 't� (i) To appear in and defend any action or proceeding purporting to R' "�,'�L r'', dirrt ` i '"` affect the security hereof or the ri hts or owers of Henef.',eiar or ' t) �' t� 0 5 ,r.a ` 9 P Y ! Jz , f,,I��,.,fs,,r ti< '�; Trustee; and to pay all costs and expanses, including cost of t ,; +!r+I �^ , f t'.,: a'N `" evidence rf title and artarney's feoas in a reasonarle sum, in any �,/1t 4N`:�lr' i t 1 '' , ', t t± y k l i + J 1 ,1; R 1' Yt-,�, I, such action or proceeding in which Hcnef_ciary or Trustee may a , ', `.,J: ;`.'`'t,t`.I., ; , '��'= appear, and in any suit brought by Beneficiary to fcreCiose this '", :',,L`' j* 's, f., �a,�. t :Ln t,l.... Y) -j.;t Deed• rt t,4,� y Ii"'v, 1' nY�}: ', F , �•, ttA,1Z •eiFtir *'.`)�d >.l' S, r ,,,siI %I t � d. , t ' �.�,</!) Y Yi } :fir ;;, T 1#1 , (3) To pay: at least tan days before delinc+��ency all :taxes and r' Yf. ' 1�� 1. Ii, as.te>asments affecting sa�.d property, including 3s,sessmentc on z �'; '1; '��/•. ,c ri ) ,..,s �,;," t appurtenant water stock; when due, all incumbra►Yces, Ch3r9es and t;�'fWp , ; ?� ` s tt, ., ' d ,,4 i'.5 `� ' liens, with interest, on said property o: any part Cher®af, :.•hich '�){ ,}�rt�,f" •i.il4x r! 's. '.t :,' is • ,. a 8t G{,,arc . s•i $ appear to be prior or superior hereto, all cos..s, fees and expenses +1_jt��rti"'�:r 1.: f t, I k ., , G ) ,t YI'2. ' 1,rt r t'1�I I f�'�ti dT ;it of this Trust. ;'•` t,,�i� ♦e • iv5��l }t� r' r L -.1J t ,, i I t/ r r J Itr 5 Yr r , T Lsi 13f','( r rlx�,,, , �. ' �,;`�.;rr ' { . Should Trustor fail to make an t A} :,'! y payment or to do any act as herein ,,rr y,,.�,M•! i I. A" - t y', r fit';-ir fix.= '. , ; L1 .. br a` . s . � k, tJl �r i :j r, -. A,j ,l,�---�, �--) t provided, then Henaficiary or Trustee, but without obligation to do otice so and without nto or demand upon Trustor and without releasing Trustor from any obligation hereof, may:. make or do the same in such manner and to such extent as either roar deem necessary to protect the security hereof, Beneficiary cr Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceedi.ns purporting, to affect the secttrit} hereof or the rights or powers of Hene£iciary or Trustee; pay, purchase, contest or compromise any incumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, emp'oy counsel and pay his reasonable fees. l0/a2/89 -2- 6551n/269a/09 i"r" _ 1 l�K-�' iST•rz7 'y r -- I :. , I �i 1. t } t.,. ti r a. iR t t ''1,�1,�`;y'}j`'� ,.y+ r ,I+:I tr t ,': ` jl i�. , 41. 1i,. t.,tt rrt r1.�t { y�r ttjt;.t } r�r' ,.ntiN i ,�i]. t ,1 t, r r r ,I: ;:�ti r, " ,,t J-t 40 ,f. 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'.\'+- +4tr?w��' 'j I :;,I I r F'%. �.i., it .�:1` I +tr 37 1� i( l r '•IS i t ,ti :. �,�t r- ' , 'i "i.l..' �t 'I 'i'Ic ,), .�,, rr iF+`r �,;� i yi"'1: , 1j1'1-�'..tk r xs i � , . (�, - �� .i .}r - �[l'_._i - ........_ ....wr C,..dw..,c�a.n�..+ ..wrern./if.:•rsex,+.:..,urw, *w+ rJ..w.u+cfttt.c,..a-...._[,.s:d... eat.,.•..,,vt,,..�a.,..C,..,6:.ti;...:-.e.«::.�.i...A...w....+,�...�t,..tZ '1 , ti J,, i. ; t r 1 IL'.1 i ,` f5,5 Dian. t T r,"' f1 :` ,, ,,t`1 i . { I 4: 4 't r '.1 4 ".�' a, f ,. .. 4.T y ,1 ,; , ill '+' J1 't 'f' '1'��: f1'_ 0t�j A+ ' 1 `, 1 f i.l1 , IZ+21f1S ,. I+ ,, �1 , 3 r.f (9) To pay immediat©ly and without demand all sums sc+ exppended by `r ` °, l ? 1"►VI i _ A'' nen�f iciary ar Trubtea, ti�ith inter©st from dot© �f expenditure at ;,fr , i .' IA; Jt l t, e11 , r J. �,, ,lII �4 the amount allowed by low in effect at the dote hereof, and to pay s , v « «t I , 1,! yr."IT t I, for any statement provided for by law in effect at the date hereof ; x'',✓✓ A,, ;rx,. ;i+ r - r regarding the obligation secured hereby any amount demanded by the *';� [[[ +`., I i1 ► i t�eneficiary not to excuc�d the maximum allowed by law at the time 4,`; ?I. A r 11,`r fit,, nded. I4,J;� �y:, s t,a 1 ih r' '`'�7+` r t `.7 ?t `, i 1�1 _1 ' (5) With respect to all property which is the subject of this Deed 1 'r +, 1,.r :',^' ,i,,` I► s:r of Trust, Trustor warrants, represents and covenants to 93neficiary I, '1� , t.,:"{r ,7.� ro t,, 1,,ij, ',r,, v il, ;� that �ru..tor will complf with all laws, and that Trustor will trt, �, i4C'.. . _ y i2 , indemnify, defend, and bold Henef.iciary harmless from any and all ti �,��, , i fit ` 1 •`i r t" 1 it fI 'rt r i J4 , +•'1)'Z ,, , .. claims, actions, lawsuits, dama,es and costs (including reasonable ,i.} Jr t'{ , r r CJ c� 1 '4t; V,41 a' !, { 1 ai,: i I,.. ii attorney s fees) resulting from or •attributable to any act, event or I ., 'Jt . $,'�r�{ <<, ,? rl ?,f condition which occurs prior to the date of repaycnent of the ,1lgesicy �,,�. + 4f , f , �7 ,. f 1' ...,r P { fff 1`� 11 'J �`,11 W; Plot. The obligst•ions of the Trustor under this paragraph shall `_04 ,'%&1V `,iIT',`.' �t,, ;; r+a ceasQ and terminate upon payment in full of the A enc Nate or u or. r'� °t!, : ,sl-, g Y p uu t, 1,''A - � lilt; r +it 1' C^ the p��rchase of the bevelopment Site more particularly described in „%Ii.-;1 " !;",'I1 i .",�...,A-� ,- I i`., ! r'I tr Exhibit "B" attached hereto and made a part hereof. ,_J!; Ij , . �'` `t 1:' 1S A9UTUALLY AGREED: r`` I '1; `'" - f "t1 1 19 , !: L` t r�y,a J 2+y�ir',! „ r •, r 1 ,','I r' f I, l 'I r fJ ' �';lI i `I ,I 1 if :'K tI ,'j;4 }, •� j' , (1) That by accepting payment of any sum secured hereby after its 1 +�.q;, �; z+' t '' .! ": `' '•' due date, Hereficiary does not waive his right either to require ,� `., I& ik�i � '. fI)1J I ` i •f.: i1 ;t ''. • 9 :', ili rat iw " D,+'•`� t "r If !gip { J prompt payment when duP of all other suns so secured or to declare '� '-t r�; fir* "ter jIi -4, i ;', }� r+ ,?y } i,` def au1 t for �ai lure Ho to pay. ` 1= �'ri �!J1'Y'y j`; tII'; i t i I F S, . j1{ 11 trrii : I ' I'�,"v' ', si ,+`' I+ ti '� (2) That at any time or from time to time, without liability 3r,}t: rF`t4t(} 4+ ' tf, therefor and without notice, upon written request of Hsne£iciary ena lrn 1�>+ :r' �rA I' ';:' ,'•' 1 rJ,f�1 �4 )Y-; t S �..; r +Sti .rc, I. s. � i` 1 , presentation of this Oeed and raid rlot9 fc: enlorsement, and without l+�,}, � � ��'. a, i JI }, r , . lT1 r ciYtA $ I. I1"�II,.,i '` ..!1�l,y""I1. .'4;--�.-I .%,, .l--jI". I,I�1,I �1I1,t� ..(iV� .,.,J.% 11..,I.,I, I,,11�--If �k ". .1�., ... _ I . i,V1.I, . , ,,I1. -� .;;�,..-,'-.',, ._;-'I�. -I", ..-_!,_.I.!.,,�-,,-,; l. ` -I,,17i-!,i .-�-.�,',f ",',i.,�-..I.;., ��1'r1�,'-,,I;.', ,�,,t,1;l*, *",;..., .-'O-'_, ',- affecting the personal liability of any pa.son for payment of the }jI3 I 1 , *`fl(), xI" - 1rL.� r r' #I �S f�kYt , `( t I ... indebtedness secured hereby, Trustee rl:ay: reconvey any part of said , t.: , ;, "tit , I,;,, �..1,',, �5 ,1 I I . , �I,1, .j- ',.- .-11� 1 ., �,I l,F�1 "-. I �,I ,: -%��d��..�7,Ii, ,.�.W�.�,,.I ",`tI,I;'i.,,�.. --�,Ii,'I,,�'--. ,- ',l"�',"--,I 11.'$1,, 4,,?t*,,.1�t1,,".'1II .—:11-i�.-�;�, 1, '- I1.. Ig,I,4;".�:-�IrI:,�,,-;" ��,�,�,�I "..:�,,.;,.I�.6 ;,,',1,,,v.,A'—,�; . -,,,..l-Z�-1�-,4;.v. . �.�,;�.-�;,.I �. iF�11—1 * ..,t,.,,r .1I, �1,,�:,,.,,.I,.IL.I ,;�.-� . I,.A1k. 1 �:,�.",_.- . ,.�,." ;.,'* ,l'1iI 1 ,liI- ,,i',', -: ki -4J!- ,,. ,-".-� � _ 1 .ii i�i ;,ilftfl ! i� fa ,' i f �'. . .,�t=,i1 ., -• , I f.; µ vr5 u xil , r property, consent to the making of any map or plat thereof, join in 1 1 a �- 7 �:�3ti ,,.I/I ': grating any easement thereon; or join in any extension agreement or tJi`'�',d. ? ' a ;�„i'iC'kI1,i1, " 1 any agreement subordinating the lien or charge hereof; join in J "t ;�f4r,f�r'�7t;�U,�''. F, r r j t 1 ,... ♦ , r j t} •' .1 t _ ' ; granting any easement thereon; or join in an extension a regiment ar 'tk ',i�"ti+`tx`'r , I. �- 4-,- � O ; 1r 1' , i r .i L,r any agreement subordinating the lien or charge hereof. �+�; -;'A ;L', ,i'5 ,I?z ,)4 „1Ji1,r) �'rt 11. r is 1� +can ykA,"A?, ..�-,7,�'.I , ;,,, :.,',,,'..11:"I ' t,I, ".' *",y-,. 1�',1,A .1! A� - 1,I., I.�F.-'I. ,, w—� -,1, �,-. .., -� , Z,-" -�..G zI, 11- '.."1� . 11" ..,I � 1�.,O;.; ., ;-" `,I.�,z," ,. - "'_k 1 "I z,ti,;1�a, i (3) That upon written request of beneficiary stating that all sums;'.," � -+ ' �' �'��.�` j r Ica(;i T' „ `A ' secured hereby have been paid, and upon surrender of this Deed and t�(,��!,lr i`� t,-4*I` , j I ,rJf ' 3{ raid note to Trustee for cance_lation and zetention or other `'� , , its; r 4 , A . ' % .I. -I disposition as Trustee in its sale discretion ma choose and u on talf�:i I-,-"�'T�A riXt`�? sit ^�rr,,,r),. , Y P ,� > x�.. 7�,,,�,A,, "I ,:., -,.-. W: I-'.. , 6...-,..t ;,�", r��.k.Y."1-�."%., .lk �%,�..,I'',11,I..-,-'1:. ;11,Jil,,;K;,,�t �;� � � payment of its fees, Trustee shall reconvey, without, warranty, the �,�'�3b41��*�� s �S 514, r Ii. Af f �,: 4f •r1:�"''',' property thrn held herpunder. The recitals in such reconveyance of �`, �`�� r '. J" 11• i 3ht:�`, ,,, "'': �tr �, ;�',� 4,t an matters or facts shall be conclusive ' � ` ,44,4}C :;;.4 t (` y proof of the truthfulness J A. , 'tr, Tr' ) I y ki r,v . .{ + . t_ti+. .,:",)< w� r thereof . The Grantee in such reconve ante ma be described as "the �) .' r+'t i ; '� 1; �� 4�4^,YL Qr1'/�'i) "rt•FR ;F . ^4, f- ' person or persona legally entitled thereto. " y `f 1, •?yy„ ai-a r .�7; j '. r 1<r�9 VI ti / r J .! f ry r ..r:�'rI, L', tl , ;ti1; , +(;%�f� L, �, ,'t; ' F 14 . 4 T*, r S t trri l• t+ f tN'• , 4` Ja rr4 ?rrW4 �. / ,�c i t. f-I -ist 1�if•:� i. iL`�``1 `7F • t'4;,,, S I ,;t I.,+. �' ft. Jl r.. 1 11, {•1'� ''7t .3.I !.E.12 ,.:Y C` ,tr,�l?jr. rl to/ox/eg --3- 6551n/2690/09 I-1. •.e )'Ff 1., ,4 .'ti.+.'.1. t •..,.+•r , .. r,i 7]`l.; `:-, [ "i C,- .»..� jr�� }) �` .`,�...4 ;{ ,Jr t • �t:t i::•>`.'< r,: 3Jfi.. :f.yv A. �r.i .% f `�4 '441 1;�;t SLiifii•K� •. • 1) t i i,f',r ill; i ..,'.. ♦.{i'C, `�M•. 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J.`t ..``.,l�'i.i4T11 I I „�: A+l i k `t - ,: `,'' l " ! ., Lr'.I ,,.4 -._fl ' Uj t�'fti . . I' 3 1 +; r { .' T�; ,:::�' `� �4, f s' .:j, 1 t „ ' 11 1 .y 4 " , K I.ht , ,ti t�6 .,,, . , �t � I. T {i r i! it +r' Jt i, + itil .J... .-.-..-u.. ...-_..-. . „ , i 1 t 1... •.,1 1.. - ., , , •' ".. ,.. A A. t_1! 41 _ - --- rl I ! SF�JGit -i,.;� r+ ,...h*�i .1o ' il,., r +) , 'i il' l� �t \. t., 5}.�:, ,1, l!,,�{ , y - y,•••��, -` i. .. •. ,: ; 1. _•:.:�.?�� t,'d'� , f ' - '., roe 3� ti r .� 5 i t ' try y t r' . 1' �i' ! 1 a t f t 1. tij ;t (, F.. ., `yjI.tt-t W t ., y . . t ,; ._ , 't a, +'..g �.• {A ;v 7.,.;.. r '!. ; . i%�. !; ii3 ,r = 'a:jiFl.f'�`lr"'��:1d! r '. . y ., l,3.."'., i..+,'L?4. a �•,..:' i ' ,rr �1 1• r' t, , �XQ w'tl # �t `Y .ti ..�� 1. if !) 'r JJ. 1 �`'� 1, .•�! t1 r t. 'A tt �i i{i. ^.. •p.:C!'�� ;iy 1. .��t['C>'., .�, sti't ,� - l'` .i .r..:.+:1 ,l •r'• ' .;, I; i, 3• = lilt, I" ,It• t i. ' i .t' ;� _ ,7. / J; ,')'- ', . ' f 1y,.i:Ttrj t,jI If:'• ,tr i, ,'�'iS ,,i �1 t {�' t i' ,'I 1 �„' t7 t rl:f•�J `+1 'i- , ',aM,.�:r ' " r.•v �f , ,t I t ,�t, ..�.n.r., tl. :�... :, n'. It>'• +� '.tJ:� 1✓ 4 �..y .; i c/ai,Mr, N ►'. •.^(i.Itj, V}'_ -7+ �.u, i S>,, ;.. `,'� �..j? .[ + "!' �;.. t. ti.., 1• ,r . 1' ! .l;.ti, a aJ{ ,':�P <t �� . s.: .,I z ' r, , 7' ij�w..w....—..,..... ..,........1.T.:1] :Jl1 ..yS.":.. a,A s!.,.,:::,.+.f �•::7lt. C�4C:f'<"lr...,.1:%`r.C;:Ar•:,:4`4- - 1.�.�'t: .'>..d.......:....,.; ,.:i..,. .,..::;r.kl�: ,V::,..I... �.!.na,M i 1, � tMi- 1,.j ". 1 ��'�` �, +'�� T 1 ( ; , S 1 ; ,/It � � f l,. fl r r t ( 1• V. , I. ,', + t1�i IIf,, �'. 1 ) Ii /i ,L , jl ,. 1� �.�,t Lv , t!j� I , r ;I .•, ; 1, f,,1. ) , t xpp D= .,,r' t l St . , . t r: , J �, 1 „ , 31 r, , 1 f,.+ (4) That as additional security, Truster hereby gives to and `` ` `z'.. x t ' 7) J' *' (" t��l }j ,'; '''' confers upon Beneficiary the right, power and authority, during the tf'Ii�' 4�ti r< ,, 't' iaJ.`i '' ," '�;� continuance az theue 'Frusta, to collect the runts, issues and II '� +�fr !r t a ° li i r i�fli ,' T, t; r}, � s.'-,,t, ,I,,',.. t,r, t ,` , , ,.iii,-,,,; profits of said property, reserving unto Truster tht3 right, prior to x •'f � ,tI t',,a t }E i 'r'y r' '' any daft,ult by Truster in payment of sn indebtedness secured hereby tT. , '; r r y ,1 4, ,t I' t�, r. d) r t''t j Y }, Si, ', J ,, , .. yfi,, ',',, „'� ; ' or in performance of any agreement: ht�reunder, to collect and rt3tUion , ;, ; ' r;�;�'� , Ti1`1 r ' �, such zonts, issues and profits ns the; become duo an�3 payable . p li;;4 L' ;, I�r, . r %'.`t,j` '';'• I any such dafault, Beneficiary may at any time without notire, either "ii}(j• `}+ t,`-,,{ 'I '. lI'; `, �1 in person, by agent, or by a receiver to be appointed by a court, , is ,, ; , . , "'; I f•'1and without regard to the adequacy of any security for the , ''' rL f.., ► i' v indebtedness herab secured, enter u on and take possession of said `'"'� t`+ ``4+'�na 1 y P �.!1� '�' 1�',`'YS [ ,t'.4, property ar any part thereu£, in his own name sue for or otherwise j,;,' ttr:" ,�� !!, A ( 1 A�tV '` collacL such reY(Ls, issues, and profits, including those past duF ;+,3�:r` "I'V, kt !'` ' and unpaid, �:.d apply the same, less rests &nd expenses of operation ;f, ,1,, , ti, %., t r 4.,I,,' ; '' ' 4trt ''.! including reasonable attornay's Lees, upon any �-; ,;Ir I, J�-U ;" }. and collection, i1'�i s 1 r ,r' , ��Yu` �q+ ;tR, f'�M1��i , e( ' , J� indebtedness secured hereby, and in sect• order �t3 ganef iviary may �'�� k, ; determine. The entering upon and taking possessinu of said ` � sI '1,+ Y�+i 7 , , •r. + rt' , . r`(, IS! property, the collection of such rents, issues and profits and the '1.1p ict,,'.,31 1,i'V a t'.' l;',.> +tsj,� aplication thereof as aforesaid► >�ha.il not cut�P or waive any default ;�Y� ' �''�t�,1,i;�1 t " "' ` f or notice of default hereunder or invalidate i ny act done pursuant �`{ftt,}fir+'14"" -,-.... r 1(:' Si ;. ,.,Jyt` 3 t` r j. l },'• to such aortae. . "# 1: rr Ft r' 14t z0 t,4• tj 1'�S 5 ;IIk'�'r `' `�l+I+,' Sr`I'.. tl 1' �`•r �.. ,' 1 Y .T (�) That upon default by Trustar in payment of. any indebtedness ,�'t Ii t-< It a t.�1 td, secured hereb or in erformance of any agreement hereunder,�t�;>,�7;k is (,4t} ':; j)JdF .r� tj ,. i I t 1J/'` Y p xtrE.�r ,. ,t;� , , 1' $endriciary may declare all sums secured hereb inimediatel due and rr., �t tA,, p i + r:;, ' Vi 11�"' ; payable by delivery to Trustee of written d©claration of default and ){(� li ++O ;I: ,'. .1 'y'y' rf tE' �.ti.. •`'.7 rl,, tl..': Jf ' li jif . t"�' 1', demand for sale and of written notice vE dafault and of election to ,- `� ;, 1t r'' t' } ,,' t� t t:. ;'} t r �1l'r„ , cause to be sold said property, which notice Trustee shall cause roA) r', �,+ ,� 't' r'j, a �'l ,'.., :' be filed far record. Beneficiary also shall deposit with Trustee 7>,fir�;,�I ,,t ,`, I' r,.' 1 ( f ytr ,yV J 1' r A ' I.;-�.11J it�krr t , ,:',ithis Deed, said note and all documents evidencing eapenditurQs o'! 1 I (p it, tit; ,I ,4; , ki4, secured hereby ,"; ' `"'' r , , ►. T Il,, S !Jt 1, / t y'� r t 11 t ;lit i�jlt 7J#• `' i `; u',�� . After the lapse of such time as may then be required by law ISEf; c r�,sE� �i ��- i.`� IS� iIJ, 1 I - following the recordation of said notice of default, and notice of ,G f yai,q �;4 r� .(o ') � 1 . rr `' ' ti'• 3 , t, .[� ,.''J1. t +{ + � 1' „� sale having Linen given as then required by law, Trustee, without r, .--- : ' y` t f+11�' t J l t .' demand an Truster, shall sell said proepty Et the time and place ,,l,rates r :t ' r '1 , }' c (r fixed by it in said notice of sale, either as a whole or in separate r?til�, ,� +, Af;; + (,�"I, '' s parcels, and in such order as it may determine, at public auction to , r `,' �" 's=., ►'�� '" r': .�.,'!`�Y tl'.e highest bidder for cash in lawful mousy of the United Brakes, tIr rt -+ '��' >. ' i1'ttrr�0•!1 . ,, ,k`, �� y;:.t payable at time of sale. If }he trust property. consists of several ;ir* � " k rtr„ 11 +�'LtfiliD,, , r i „tr,, , ;T ( i,i 1 �,;t`1� ♦r lots or parcels, Denficiary, in its sole and absolute discretion, u�.[ ,t; ", )11� f'i ' t t, rc \ +` may designate their order of �s�le or tear elect to sell all of them `i ., , r,. , µ�� jtrti;� Y: r /t } `� I r' Sy ' rl,�,S 3 •'t +�h'wr,'�y} y�' ,L .� 't� a$ an entirety, whether or not Truator objects. Trustee moy lwa, <� '1sj +�� a�J E: +. ;�',;'- �'� 1. f�"` postpone sale of ell or anl� portion pf sand property try public + ` "h ' 'rt4'.i�,�f ,. o I, ;,n, *A ' z 'b'i'' ,js 1r announcement at such time and place of sale, and from time to time > >,� ,�. ,, r}, i ', ' �`r l' '' ''�, ff, ,+t ` thereafter ma}• postpone such tale by public announcement ar the time 'N' .�' �,r�i'LL' I it Ise; i!� ! r�J, �~�1.t�31 `,'i(, ,. ;�`�ti rS 1: r i, ` '1 ,, t fixed by the preceding postponement. Trustee shall deliver to such `4t ��rflr �J ,I i ' . MTl'. i,4 �I, a' pu.rchaser its deed conveYin the copeck so sold but without an• L J `'.� Jo'� ,� i a' 9 P Y }, ,' +s t 1 s t ,�„ r' , l'�i+ ",! {i �j 7li �'� rrjl covenant or warranty, express or implied. The recitals in such deed �i, �, r.D ,�, , tt' ";t Sit l ; y`� s t,i of any matters or facts shall he conclusive proof of the �r •,�,L�3' f f?�I�ty�L , ,,�•t ; {t' Z ; y r kr 11 I [j t j{ ''t �'' `r I :) 7 1 f i 14 t + , ` .` 1., ( . �! Syr ,M' +! ,}.'IS `?,+; ',c1(... u,r✓' I r ,+ l S,, �Y Sr :$ !'7'1 r, ' +l. �S 'r' ,.^► , , ().1; i .1 t, ! .' ,s:'i ,y_r' F%H. qt, { a'. x .kl)'3�, t'* J' Ji;lt� ; ` t t ^ry` . �, �` , -'f` K,, t9;r, r,.'l1' Y'' Y . I '1, `OF.4n itt t ' Y r c `(Y �t l r� 'pa '"rX'rA ;4 r 4k %IJCS+ ! et ,� 1 r, �t% ( 3 %;, �F , e.t.r [!;' ' ,fa a',; .:, iC l0/02/89 —4— r��''Ivl'';; 4 � ?'`'� - '.� t:i1', '� ,.'I'r',J ?. �551n/2640/09 1, �iir{ f � . r ;ems% , J JC I' v ;t 'lF�.-ISM �'tl+ ?1 ' , u ` t " ^'ji.t'11t+tit��y� r�l ^fl'0 ,.1 ..r.;w•K• y.,...,.. :•t•.?Iw--. 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I � . . . . , I I . . . -� I I I I , I , . , .., ., "' , I I I - � �� , �!: ) i� . , ..� " -, Al.".. ` 0111 _� � 2 � � , . . � W. 17 0, Q., 71 "Ux 41 L N , : 4 t �n # V, I it , 1 WV t, 1 ;6 fj 1A 7 v ai ii r .4 `4 5 7 e 6 1 to " az, :!'k Ajl 117 i STATE OF CALIFORNIA ir X g� COUNTY OF 4. . b v, I "'i Lt I r On this day of 19— before me, the undersigned, a flutary Public In and for said State , te, personally appeared personally known to me (or proved to me on the basis of satisfactory actory evidaij.7(3) to be the person who executed this instrument as the Chairman of THE V REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH and achnowledged to me that apid Agency executad it. WITNESS my hand and officlul jeal. .y J V r 2 7, (SEAL) 'W, g 10/02/09 1 -6- 6551n/2640/09 LR 4�%a, Y 1," r lk k1L . t y, -'N 1-tv, _V 2o ty7 j,45�"'T(,;-`.""'?�� ut�'� I .7 T,; "V 01 lj ,.An iel 14, n. orz, A :1 W It-, t '47, rxC j JII l-p Ns .,vjn 1 1k, A t" S L + It _Wo 10" EXHIBIT "A" 10203A 16 (f I R R Y IBUIC ASSESSOR PARCEL NUMBER 024-15)-%, , , LOTS 12, 14. 16, 12, 30, 22, 34, 16 AND 28 BLOCK 104, RUN'rINGTON PEACH TRACT, l IN THZ CITY Of HU14TINGTON BEACH, COUNTY OF OROGF, STATE OF A CALIFORNIA AS PER MAP RECORDED IN WOK 3, PACE 36. OF MISCELLANEOUS MAM, 94EC04D5 OF ORANGE COUNTY, CALIFORNIA. SSESSOR PARCEL NUMPER 024-153-10 (CITY Of NUN71NGTON BEACH) LOTS 9 L 10, BLOCK 104, HUNTINGTON 13EACII TRACT IN THE CITY OF 4A IIUNTINGTON BEACH, COUNTY OF ORANCE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED DI DOOK 3., PACZ 36 OF MISCELLANEOUS MAPS, RECORF35 OF OILANGS COUNTY, CALIFORNIA. ASSESSOR PARCEL NUMIsER 0-4-153-12 (GOSNEY) , LOTS 4, S, AND 6 IN BLOCK 104, 11UNTINCION BEACH TRACT, IN THE CITY OF HUNTINGTON BEACH, COUNTY OF ORANGE, STATE OF CALIFORNM AS SHOWN 014 A MAP RECORDED IN BOO- •3, FAUE 3& OF MISCELLANEOUS MAPS, RSCURDS OF ORANGE COUNTY, CALIFORNIA. ASSI�SSCX PARCEL NUMBER 014-146-01 I;UpFjkCE IN-.ERLS-, (ENEItGY DEVELOPMENT) AN. LOT 144 26 fic 28, BLOCK 205, HUNTINGTON BEACH TRACT IN THE C17-Y Of HUNTINGTON BEACH, COUNTY OF ORANGE, S7,4--,E OF CALIFORNIA. AS ZHOWN f ON A MAP RECORDED IN BOOK 3, PAGE 36 OF MISCELLANEOUS NAPS. RECORDS OF ORANGE COUNTY, CALIFORNIA. AR36WOR PARCEL NUMBER 024.152-02 MIARN Z. 'eo LIM 18 ei 2C, BLOCK 08, HUNTINGTON UE1.01 TRACT IN 711E CrrY nr HUNInNOTON BEACH. COUNTY OF ORAtIGE, STATE OF CALIFORNIA, AS SHOWN ON A HAP RECORDED IN BOOK 3, PACE 36 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE In COUNTY, CALIFORNIA. P., Palo I . -44 41 V Al rc - Z � " �. I � . I ". , 1, r.1. I j 'I �Tk 'Xi �y .1v 'It I fA ! j".T" A, I'l IS: A 13 I -4i �j t 7 A t iolw ji, et, -Y) 1 02.1-152-04 (C01411 It SFo65OR PARCEL NMIDIA Nr aJ 4 `T11E CITY OF I;LoCy IJUNILINGTON UEACH 111ACr IN 106, LA. AS SHOWN .7 LOTS 12 14 HUNTINGTON EfACH, COUNIV 9F Oft'M4'GE, STATE OF CALIFOPN , ps, RECORDS PACE 36 OF MISCELLANEOUS ?41 014 A MAP RECORDED IN DOOk COUNTY, CA.UrORNIA.. Off OP ANGE CO -4. ?v- NUM13ER 024-132-05 (SIIUPE) A.S.SESLOR FARC TRkr_l TH',T CITY OF 17, 13LOCK 105. IjUNTINGTON BEACH )F CAUFOPIJIA. AS SHOWN LOTS 25 k COUNTY OF ORANGE. ST) -E C US N(APS, RECORDS HUNTINGTON HFAC ON A MAP RECORDED IN BOOK 3, PAIGE 36 OF MISCELLkNCO OF ORAIJGE COUtITY, CALIFORNIA. r ASSFS$Or% PARCEL NUMBER 024-152-06 (OYAO"UNURO) N AND 23. UIOCx 105. HUNTINGTON BEACH TRACT I! THE I.OTS 11. 13, 15, 11. 19, 21 CALIFORNIA, .45 F ORANGE. STATE OF CITY OF HUNTINGTON 2EAC4, COLT117Y 0 LOUS MAPS, OF MISCELLAN 'ECORDF M., p p D IN DooK 3, PACE 3f awN ON A Sh RECORDSOF ORANUE, COUNTY, CA-LIFORNLk- GTON BEACH) ASSESSOR PARCEL NUMBER -13 (CITY OF RUNTIN 074-152 As , T-T H !RA THE CITY Of 'q SeAC XT IN LOTS 6, 7. S. 9 10, DLOCK 10!- HUNTLNGTO' AS SHO%V COUNTY OF ORANGE, STATE OF CALIFORNIA,ORN HUt4TINGTON BEACH, PS. IRECORD5 ON A MAP RECORDED IN BOOK 3, PACE .16 OF MJSCEL�.ANEOUS MA kill F ORANGE COUtjyy. CALIFOK14LA. p ?a -AO" 1 4 A 3 Page 2 k Ix I' j 4-4� " i , I;', , N p ;"4 T. J.4 4 Ld 1- .4v — j:1- �jl I Aq ;Jlt .6 z . f FA n c �,z f. 'A 0 3,1 .!1 11, t V"_ .'7 I r 4 — j ; TE OF CA LIFO RNIA) ss. f STA COUNTY OF ORANGE ) e of California,personally Notary Public of the Stat a 1 before me, a lis Cann^c Brockway, own to me to bersons ' tcr. known r� a to be the Chairman, and Wes Bannis Beach cnd io me t7 be the ;� • ' - appeared !he City of Huntington Clerk, of the Redeveiopmer.t Agency of _ behalf of said Public agency and acknowledged to me that such � ' executed the within instrument on Who my hand and off iciel seal. agency executed the same. iViTNE5S' public OFFICIAL SEAL • BME BARILLA ay •` - ,1 ry Public COUNTY G�i1►NGE C4U11iY t +, '_`_._._�_ � , • 1, _ � ' A1Y CGmn. Etp. Jan. 8.1m � _ — ""'�"••�! 1 t . a.rr•. ••,.wtis! 7 1 • t t a - 1 } V 1 1 ..'• , .,. . • ..4 _ IAA A. ;W till'. t i�•1 � '�'v��'�j'ly P 1 �'){ �•t4 3 •i _r " 'IJ��1/ r!�`,t JJ' ,{ ,-ia/t �'J� :+ , 1 +t•�xx �Y X!t ��I A.4/y•, ti its - r. 1' "14- t% v, 4 4. 'U,-V 14 pi 7. ")f; V ji� J JW Q'I wi:,i.3�hn it AGENCY NOTE (SECURED 13y n WO 'p, ETRrn October 1909 �1� 0 R Z C .1 T A L ra: A. On or about August _, 1989, the Redevelopmenttea Agency of the City of Huntington Beach (hereinafter "Agency") and Griffin F.,elated Properties - I (hereinafter "Developer") entered into a Negotiation Agreement (the "ERA") which provides for the negotiation between the parties concerning certain Property situated in the Main Pier Redevelopment Project hrea and beunded by Main ,Street, pacif;c Coast Highway, 6th Street aild 1.1alnut Avenue, 'comprised of too Residential Site north of Sth Street, and the Owner Participant block south of Sth Street (the "Site"). A copy of the Negotiation Agreement is on file in the office Of the City Clark, City_of Huntington Reach, whose address is 2000 Main Street, Huntington Beach, Califorri'' 92646, The Negotiation Agreemont an the same may be amendedit from time to time Is Jncorporated heraln by this reference. Pursuant to Section 103, the Developer haa agreed to secure a letter of credit ("Letter of Credit") in the ol principal slim of Two Million, Five Hundred Thousand Dollars and t advance o sums thereunder to the Agency farthe($2,500,000) purpoSLS doncribed In said Section 103 and the Agency has agreeel to deliver to the Developer a promissory note (the "Agei,�ly Note") memorializing the 'P Agency's obligations to repay the Letter of Credit, all as more particularly set forth therein. ENA. B. This Agency note evidences the Acquisition Loan in the Ir 121, Elias Trx:yF+Y{ 2!2.� For value received, the Agency promises to pay to Developer, or order, 5 y I t ,� 9 M i :� at Hutton Contra Drive, Suite 950, Santa Ana 92707, the amount equal to the sum of individual a draws by the AgenCY against the $2,500,000 Letter of Credit Issued by Citicorp Real Estate, Inc. ("Issuing Bank") for the account of ;)eveloper, plus all fees. COSts, points, and like charges paid by Developer to the Issu from the ing Bank, with interest 11-5 13 1' 4 ' �( U, 7` r�N, -,�Ar iA4 'I %f J tr 47, i •i "o- ,11 77 11� % t '{ I{ ~ ♦,l ... - �,• -. I, ii I r...s J I/ J 17t, h .f 1 :f`�x s y �,:A i r r , -r: a ,i1: . I ;' t! t r r Y4= + i f //: J�y < :P ..� ,. i Ir! ,fit., '�� .j3 .�if. 1.1 I::' x� t rx , /t1 t.. ,} 1 ,`, � 11 i. r:. r i '7 o-, ,;i .-i, {,. ,.,. �� LI .. _..-.w..: " Ic'. .is;. i�t �'4'-"F, ,s :1,!: ": ? fY y ` ty �y Rl rl�itiMli l Y `_" - I, f•i_ JJ / ,,'r ' It r�'.. T.:.:t" - i 04,,f'tY r.,b �; Sy ,i ,. - .,' '''rt' , ` . I.,„ •.` .J ,, i ,. +'` +Z' `Sri.. `y w T , I r' t f yR f y ..., 11 fV. e.• ,':-.'.I , . ,,' , , tl 1 - 4 rtff ,'C�,!#t ft�` a v1, `- , .. , 'W2: •rA ✓r`' _ . ,�i+.,l iaa 1. I: - , � o ,t i r„f ca ins: )t sL,: • - V R .,} e J' 1. - :J [,,; 1.... M/r. +r3 `Y { t.. - r t' ,} -t, v ti+E' 1 ih k - { /-'.:P'•. �_ �4"r -.. Y) ,, -_`. .,.: .. St t= r` t, I •.�' 1 , -,iS rl ID� ::� if, r »1 - -. ..: t/; r t 1 I, •r' t '') t "ti o : y� L r f , , f_, 1 a .rt ,i 1,. ,a t.,t ,. p�� t i ri v.rlt,» :: �'�%S 's. 31�':, r. , t' i" .•'� `.f F y{. rn�• I,..r t ).X �� Ii��j r•z� *i l.. y' it, 1. �i"f e�trF'i'u• _.'- •r - F•i, �'C i �'I".f ,, z. y 7 1 . .t •�.,��,.`_ " I r t / 'r' ., t. 4j Y.,/, t i,:'f. I t `,, - I' , I { r• 1� `r M r.. f 1 z' is 1 �.•.'r.. �fiGi ,/...{j ' ' •• S•it, :.` �yf�i'� r it .-:.! r{yA tF' ' i. r . V / ,;, -. Kl7ii.11[!fnliYT:.st..a.11/ fst.Lu EA ':r°1:fi.YS*.34! i..S!' :. Y:7�� '.^.�':'{..,Ji.V °k f t o', • > Y 1 PNw7t> sr � n "+. -. ilt r�c: '�'' t. , �U{, ,,'I t+�,t,l 1 r ..«. r iiit�� / a1 t71' J I, g k tYC iC. s,i t t I.' t , Ir r r� ,,:'�y:+ �f « .;. ti# tLM[a rJr ....,.. ar , •t "'1 j r , it Il♦ , y i :` Y ', t -r'EAArI 4,I }`; = tpy ,filp�7syl� s1 e 5 J=i�, ,Y r�� _ rf� rrf Y II glut ' la'{t�tit , t31.l;,` -' j1Hwy ' t ,f; if , date of euC}t draw and the date of each a meat of fens costs i 7°I It t it ct , t .�. � ty t' •{ -, ,{f �r �t n I. / p y / / t1s �,"'M t .. i",� � r 4� e x ,,• ,,4, r t points btld like chaxaes, until paid, at the lessor of (i) the t ;ist ? `*e4i�y _, -� t, f actual rate ,IF .. ''-A paid by Developer on the funds drawn a airst the f �.,t ,, ,"aIN"$I � ? +- t ;,� ,�r1, ii Lotter of Credit +�I „ � .* ti , (ii) Prime (determined accordinggto the r�,< }r fr `l.XX,r, , , � ,'1 l reference rate ctf the +Chase 1'fanhattan N�tional Bank) plus one r: r i "' _' k �qt '+� u �' n `.gt . f' ) ( ) percent 12), per annum. The v1:, �� , ; t`�t> r percent f.l� or iii twelve r t i4ZfF ,dY II, : �, r, y t, '� �,; �;rf !' etc �jrf_xf Agency Note, including all interest thereon, shall be due and f '+ "ri' i 7 h f 1 ,. f ,f*I -,IkP � 1.+ ;I I ... ii 7 A!,,tT,6 f! ,�. , , , .' payable at the 9arlier of r i) two (2) Years from tl;e date of = 'art?Y +t , ' . ti;y i � � termination of the CNA, f `" '� � I.., � I. , t (i i) two (2) years from the cis to o.. � , ,._1 , f� ,,t I `' ' � ''1;� { it ,", termination of en f �1 4 r�`f ImI V-% ,r ' jL, y disposition and development agreement =. }fie �� .,. 'T }- r 1 l i� :I entered into between th(i parties hereto with regard to the fine ,;` ;`l s' ;`?:� `Y rk A .7 � ("ObA"), or (iii) concurrently with the purchase of the Site b 1- °t ``" `. . sad; �f` i ,,V I, ar Developer pursuant to the bI1A. Y tt', t ,-A- . ':I 1 �' ;t ,.-, t L i , ~Yr t i1 t t�1 - r '- r,t 5�1{h tr r �'t� �� t t.f �.. limOilTlt O� AQPnr_v GraWr< /� Q I-�'y l 4 r =tt 4,0I!goti r yYr. oR ,A��'At' /1 F . \sw i�ikS�t. .�J�:. :.g `� •�,t t ',, ' �;rsamq As thts Agency receives funifs on the Letter of - j, I ' 17{. , ,5' I 1 Credit (whethQr such funds are obtained directly Ero�n the f 4 i, ''{r t4,b "�".1 ` K f, 1 f r �-9,r ,'. "•I'll�R t ,; ; Devoloper or From a draw upon the Letter of Credit tU be ",x , t, YZj 'it,';, t provided by the Dovelopar pursuant to Section 103 of the ENA) , ;; ?fix: J; tc � ,,,. ,,y 1t A and as Developer pays Eees, costs, paints and like charges -,, { ` r%`' l* �'y>,i ''ij ("item" 8nd "items") to Lhe Issuing 8anlc, the Agency Aha11 i � 4 + ir+ i8 K, % t T/r1Ari,z1 i,Sfi{'i i� I t t11 r I 1... fix.; become obligated to repay such advances and items as set forth , ,x.�.t^_,,t,Ivi 4;t, t I + ,'. 4 , rrta, n `'.1 rit c,,F ,r r..-t '''t:4; r :� 't tir , herein. Each time the Agency receives an advance of funds on ,I1,11+r j1 I. r �,` r, ry �i , irk r tt, t the Lertter of Credit, and each ,time Develo er r'r u , - r ,. p Fats an item, the _ ,.'; I ; i° iy+~ �, rs4- -. Agency shall concurrently ®zecute its endorsement on Exhibit ', Ir ,- » n>� if, fr ti;t �i t p A of this Agency Note acknowledging the amount then being Tl. ,• ' r rr}. "It 7.,, I!,t received by thr3 Agency on the Letter of Credit or the itQm and '.;A } ' r FO 7•x -} the then-un aid ,t1, ;1t1,f fx°, „� 1 . - p principal balance on the Agency Note. St Kyj'L > t�z,F �s!t'f r Notwithstanding the Foregoing, the Agency ogress that it shall rt�r { ` 1 r t' r �10, �' .Y {tt6`t.`t� 'mayy r! be obligated to repay or otherwise dischargr; I�11 such amounts r a=µt' «_+,, r ,, �>r ,s,, f fE't , (w2iether such funds are obtained directly from the Developer oc �r ' �f>"�F'` AL';. ' ' ' ' <"' ` ' �' " tfy=r from a draw upon thlE Letter of Credit to be provided by the �'� �5. h s 2 Y, 7 i , t"` �' t i'��' , �f,3 '`: _ - ,I Devoloper pursuant to Section 103 of the ENA) in accordance . ,'� ` �- A r<, ,.. ri ,. , ! ` '. r,I t�` with the provisions of this Agency Hote evon of the A enc " ,-4, �') 11 ,,,` ' / " ' "'• ' failed or refused to endorse this Agency P7ote .�s providedy has ,11 ,i,�r ,tfrt, ,.117 ,�1, P "' j,. .'L' ,"tfA � , 'r+ 1�Ujl > S.i } 'i,i��i �: ,:..,t a i � 'Z, y, t ! Y . ..,r. t ; 4, i' ��t;,, , It x ,, , herein. <; 41-�Z7ar �# • Y s;y f ,i , ��:.;'�, ,, t",.4 t - +t ' y Iyit`/,�" i is r it s ' t ,. ,-J,` ' ' , 3 Ll�ty ItRco da on o ��fi t !S" t�` }I "'� yt = .Y ; {' T�-r�� ...17!'- - of Trs.�*. Concurrently �: Pl,�.j,fO- wI t with the first draw by the Agency, the A enc shall record a �%,;''{5 : �` ` _ ` fir; _ 1= a- ?Y,1 ,1 'll ",tij� �t,;i deed of trust with respect to all of ehegproperty ��+<;'` . that i s ,r YS r j,t, i u� ,, , ;, a; �,.,' ,� F„ f- currently oti�ned w3.fhin ttie Development Site as that term is �t,;,�I, i;s;;. > � rti ,. n the EHA �4�,, i t ;r e _�?Ij., as hell as any property acquired with the t ;, st � r, t -t' tr. . �V, xc ,'.,;N_'>1 /-,;,t i1 ,, ; proceeds of the draw, if any, as provided in the ENA. ' +F' J', r'y. <� j .f t li, "' 1 kP )i ci''y h t 3� f i; < ` R ` ; i r"4Y� , V- y � ` ,. ',' ` Y.?�rs tY �, 9 . PYep�Y�.�lt • The Agency may prepay any portion of the �`", Y r nl' ` ' 7�`�" •n� A,•�enc Note without enalt A enc re a J , fI." I -- .I'� 1I.J-r:l 1 •tA ♦.r^S i. x Y t ,x _l+( •,i i:,��i�'r r� p Y• g y p p yments shall be -''` > ." 't: ` t ,, { : iat z, •4 tit ' .' I ii 1a� rx Y•y4j4, r ` acrelited First to accrued interest due on the Agency 2Jote, if , y 21 ,j .•,- �ko ; ' ; ,�7`r , `1,�'at �� pP cable to t s fig' `,+ I s ,+ , �,,r,;rs ti, ,. ��. t, },,' and then to reduce the principal attributable 'ti ►''k��,' �z "GQ7 � j ,� i ,F r t1111 � , the Agency Hote. r� � �� 'ITN t rki jS/;rj,ff�r t r i, = t 'I i(,.cix 11 t% +'1r rj; 1 ,�,•t IJ: +' }•iF,Ct'}r t t`.+ r j r 7L•...,i 1.: f ,•`t,~Y r 1 �I tti 4 r{ 14 I. o r ,. , rx', I.,'(.+uh7tit r Y rl i- F to r `,� 6553n/264p/09 -Z_ �. .,; tt_;r 4, t �,t£ t: t , t Yl t -f�•.. ,c-r--i'+!; r•In+1'w P '�.`,1r4`t V �.4rit~ �,n O .: ile yv (,U?Ir: a,f� tit'I , tit / tr`i t� Ir' r �'i i 7, i 71+` � ,;.,, , is i, e i •f. (:. ' ' • r.' rY �,tl,r! lit' tt. ,, r / n ' - I , S i < i to 7 t t =, t+` "J ,r4;.: Icy.. tit,'" ( _ , :,, t ). ,.,-. 4 , al x 3, rsa .•{ ,..v,,1, , r r$ F„ ,A {•S.'.I r I ' t , If .I �:' �, I ` ,l I.t It t` , r `_ ( 4i Il 1.. �,, v- r.I. / ' FK / -;i r. ,l' i =` s 1 ,• �[ rt A 17 i xZiil,lfi t na y., c�=t+t�ri. "i" _ ` f;'i 1 I 2 li• ,' t fr ".tr t )-'i�,t): iA- %L7� F j L� ,I�, l,, �' ;Y i ,r i.s '! .l I C r t, 7 •ri F '' ? a:,.`•!t cl .11 ` i �•.. V ,h t .1i ,,; </ t^ t' \, , I. Js i' 1 j ftt r'. 1 .•'. + 8 "!.-, ?r�* .'Y; Ie''z.:ji fa :, _ '� _ �'r ;r t r . -4 {r t y•^r� r� i •�',4 It i w.f }:«1 �t ><tiJ 1'el. s, ' :2 ..:I�• ♦ tl r a s X`: C% II, e- '� / 4 Misr r5 ,�,s f:. r .',T I04. j. , r.. I + { Jy"(r i;'7 , t .o„ .)' `, ,t tt - 7 ° 1 '. V',1. �, =r »i,,. i, ) r /.-s, f. t�l�i l,: I ,i t ,r ,,,� !,,..a!^Y ,f4: err � ?1S` ;: .;, ,1' ;S' r s,r 4t t .', .'Ai'.r,'�1, ifil; ;i1V '1i ;:Jr* V _W, �j4 a .{, r •{ ' f'4 1 1, , ) ♦ II , Ait ,= Yes �t t"'S fr.. := Q r(.7-• a =;k1' �:}7-r Yr'. _ •4.", ',- {--, ��,, ,Iy ,,Y.-t r 1 F 4„y +•re, , r r r 7 . ' G':SX ;t, -ter '. r f, -1, - t .';' r* k tF ip It ira;' j:! I { �I*`. i. ..., r \tt t%. ! t, (ri, 1, tl ii r,� ri ;,! lr )1,i 1i, tr;,# r, ; r .. Y' i t. �,I s7r7,, »711 :r.•. 1 i•. I i., .:;.� -r u," {-. J,"I. L . G t r. �.. J ,� r �.,; r<J. r. :/t :.I - , 9-Y ' ,L .1..,.Y nt. r, _ I� 4 if:�t{'; },r`. i;'. f ,:at/ :,..'l ._.I ;r�`,,. , Cr is ,t y- _f,1 i F-...,•�. f� .,�% rr•'i •i y'1.d: }�j 1 ri .r. l:. w, .7EY� •'ir I r-e l! .,5. _ - ;, I •IF il. r',,'�S, "'a"4t r1,11i I 1�,`-!k ifsJr Y�''rS.'Stl t,I'.!+ r . 97,�- -; { j t \ 7 . ._� �� V „* Y I �; r j' f t }tt� :sY ii,i:j, kf t .s".�lti LI .!, .r _ h I. :_•' . 7•.I i �• z •t =�f �'� i r' Jr,-.',. ,_, tY :..•S 1 . �'t 1 t'' / ;' r �',7 !: ''-1 }-, ,t,a.-i_ .;}t •i �,t ..F;,.I. tC:'+ ,.,_, V{ '.r It I,'t .L' i ,.'" f W.,� t ,l,r' jy .,!? ,. .,•' t 'i, ,1 ,:fir .+. J L,"-.V,":,.�:%I,,�L�,j��,.j)�. j,q',-jII �• [ / y'.hf I rr�� -j:, .(1 I -, ! . 1'' .t ! I' i+ s - t '1% V' r 1 , .�,,11 1. °, r.. .1.! ,.t •.. r j .. - t f, t t. r r llS' t,:, i T' i , . N,, ,t. , ,, ',t ; ?_, sr's ! ` I.`fi t t~ L , Qrj rf r// jj is t . I r i --- , _. - _ . . ,J - r ._-._.. i�i % it 5 M4 j Ti V.d 0 rz, , r C OaI` 7 j 5- HO City bt. This Agency Note shall not constitute a debt of the City of Huntington Beach or any other public entity "p i17 -7 except the Agency, and the City of Huntington Beach shall have no obligation whatsoever with respect to this Agency Note. iw t 61 a, At.nrOey s Feer. In the vent of any litigation it,a f V A arising out of the matters referenced in this Agency Note, or �4 b A any deed of trust securing in whole or in part the payment of •this Note, the prevailing party, in addition to whatever other V, "I'T" j last 4 legal or equitable relief to which it may be entitled, shall be 1 entitled to recover its reasonable attorney's fees and litigation expenses, including without limitation expenses for preparation and discovery, expert witnesses, court costs, and the like, anti the obligetAon to pay such expenses shall accrue the commencement of the;laiction whether or not the same fry proceeds to a final judgmeut. 5, "S b. TLme of the AnCn. Time is of the eisuenne of the performance of all oki1.1gations under this Agency Note. C. INDtices. Payments to the Place of _PAYT1enL_=d Developer and wr.tterr notices, demands, and communications -*Orfa .4i between the Agency an the Developer shall be sufficimnitly given if delivered by,h-hand or dispatched by registered or - Pi il certified mail, pastai;e' prepaid, return receipt requested, to the addresses of theAgency and the Developer set forth below: "Art". x. Agency: Executive Director The Redevelopment Agency of the City of Huntington Beach 2000 Main Street Huntington Beach, CA 92640 Developer: Griffin Related Properties Griffin Towers 4- a. 5 Hutton Centre Drive, Suite 950 Santa Ana, California 92707 Payments and notices, demands# and communications may be sent q - r , , In the same manner tc such other addresses as either party may from time to time designate by mail as provided herein. Any written notice, demand, or communication shall be deemed received immediately if delivered by hand and shall be deemed received on the fifth day from the date it is postmarked if delivered by registered or certified mail. Mit 10/02/89 6553n/2640/09 -3- nr-TIT 17"'T tl y f Ail it -rc; W!, r2i N., It jj 1, V W QY y ftf r V • . r. i F Vu 1 �` , q , .a t,lt, (i j,x' . ,,°T ,. �:... ,.., ,. ' .. , r •< ' ' � + t. -y; t,. (.;a: 'f{tu:;�,,C"''r ..+'t •„ i 4` • b li S'. P��t t,., .-'t.�.'S is } ., ,r., .;Y .'77ar' „e S '•. ,' . Mtf {'! •.,.::,.,, t .. :. :.r ..... ,'r,✓ r��,. •,, r, r'i ., �1' r-' ,,. '•,i �,' fF1 ` t a�,�i 4"�•. t ;';./ f t1! it ,'.. ,_ ,i)- ,�! } :] J} T, Tr,+i 1x (rt. ri �.. �•;,..� `..' #!�:,j :;> Ji;;: '�}ry<' +t .�+�. r :,;.� lt�� r', ,L 2: ,.( tt =, , +r �'.XS'� �, st'-1 r •y,,♦ .�1'i.`k �' _[:.-`�j :S `..�•i? - :':' ,'D' . rr-,; '.i �! ; 'ti ,a t J' ' ;, '•"i ry�..,.,.,_ ,. .,. r t' • ' _ � ! r ,. ,, t JrJ gym; .1r , .� ,, .. .l ,,:p.,;S 'lf , : ft, ♦• J 7.. •. .I, 42t .. }Y'_; , }. -... , _, } , .. , .... :'. � :. S.' , rJ�i w - t,,v, y !, ,I� ° ' it ,,y y., •,! }ii.�.r ( r, i t }. f4"+ ''C � � .F.`�• . , - , ., j j � , 7' r., � , ,9-XIt. �'r �, •,•; .•i•4 ' '�}k Vi' rQ'. ,t ,� � l� .+,('i'1. ;11, •+ ,•. .S'}'`et ,i' 'l 'y� l) 1.k ', «'ilr '� X •a� , �I'PIN reference I .. .,. t , � _ -),.. f i• • f t {^ -� 7{ u'• S•:.•2r I r } �1r� }„ �.pt "� i+�, i., r61•� � (t/�.f• 1r— =Y�wa..rs.......... •-__ ..,....wr v....,.r...�•�...c.iw. ,i�� 1. ' ,t� ! ,ia i.�: r'^�� r r,7'c 'r�i�.,t: '))_ i �51' j �}' L • \ k,• { -'t 'Y .. ++�.w..r......,.......,. r.. .�•�..--...r..r � �,r ..�i:Gi ,.r t !-h r'::rj �� iw.y. '�', �x x 1 � , _• "34t � +l 7�.'r Ss (♦ c -i� t ,i LA 1 e 1 1 dIn ';k t } �r 1 �•r:.+`� .� } •:1} .M,i�} i + � r +�,it').tl` ,r�l '{�,ft' IV i 1 i ''1j1 . - -arAtj21, This Agency Note and the ! to and description of this Agency Note in the ENA contains the `�•' 1� tz, t entire understanding between the Agency and Developer relating to the transaction contemplated hereby and all prior ; agreements, understandin s, re inuentarions, and statements oral and written, are merged heroin and shall be of no further force or effect. In the event of any inconsistency between the ears � 1 k � t r 11 r t' j i r• r Y� I f t t S. i t f' 1' ' fiyi !'leas r ;• ,+ p e a prov s uns of this agency Note and the ENA, the ENA shall govern, This Agency Note cannot be amended except by the further agreement in writing executed by both the Agency and Developer. e. ydaiver. The makers, endorsers, guarantors and sureties of this Note, and each of them, hereby waive diligence, demand, presentment for payment, notice of nonpayment, protest and notice of protesh, and specifically consent to and waive notice of any renewals, extensions, amendments or modifications of this Note, whether made to or in f6vor of the undersigned or any other person or Persons. The pleading or any statute of limitations as a defense to any demand against the undersigned, endorsers, guarantors and sureties is expressly waived by each and all of said parties. IN WITNESS WHEREOF, this Agency Note is made on the day and year first written above. THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH B: ✓�`Y Y ChairmLn ATTEST: e G/e�k APPROVED AS TO FORM: STRADLING, YOCCA, ARLSON & RAUTH 11 6,4 Agency by City Attorney and ` y Age ncy General Counse .; 10/02/89 6553n/2690/09 -4_ A�• y 1, ��}kl .100 r, ,/i'trY.if7�rX a it iK';t:L:rl ^:. .�•'-, �i, 3 (f •`- Sr, . r "??rr , t . JLd 7f A' rv+cr J-nf tt•i'E r-* �' 7 ,r'Sjzrz... �o yyr iTi?, ',Y� ,Lf{1' p144�r r t .,^' tT 1 t, a ,+, fa �S• f: { � ��t t': V r }, A.rp.ij:l�4jt' ft/,frtt t Yit,r r} t F.it, r t E l• �15 :� J jt��:j (z r 'i ,•r ,j. 'f ' � .-, ]]♦-r+ } r J J iM 7'-.(' .� f+�'li 1.;Rc C'rrr`��.l�ft'ixfji �+r� `i+ ' '+i;' r tt;n't I. t"`` ` +- ;ti ` 'L\ rt ,.,t ' I) t rtt ; r L�,1 h_rji�.i., iiY� r �(. 5 ,�tyl':��t��• � ` f.• t P h44t ''"�. j +tis [ t '. l 4 + +r 1- ,= f t ', r ' j. 1 iJ , �'+i f [ ;+il• ,' i ,�^ 'r to,' a}}t•y v ♦rj.�`. 1 + r t' }�F t -'i r r 3JJ AtS♦ < .+ t t , � �:.. , r r-' {� tt ; " 1 4 ;�'• t,.; rSlrf r 3.�"}rekt ,�", �' 'k�F.S C. Y�' S'$4, yr / t7-: r t./r.f 1 {i'- "t ✓' i 1 {'_ r ry +t sil „ti� 1 , ,,().}�.a [i°1 { ) r7± it' f. ;{`. .r �� y: �� '� ! r 1!•i � r hj 1 . f 'F � hfy'i:•'�',t• r��y'a� S ,Yra�) T!: �!ir2i5 �t u i r.;Sf r t i j t t ,r J i '` t� n 1 ij ra e t 4�;1•�iif,Fit,i ri4['JF�r �7' fy r IF�►'r + /''�/ f ,:�...19t) }l, , -i, '� r ti , Se y} ♦ F%j �' L�r'f[ �,'t�fA YY i. •.� K'I,.il%l� red! � �t } ♦"•S{ ,+ t• t f` r.,, 1?St ,.y< .7�t''tf if.*'"�,`, `-rr4ilxX'J u,l�:� .h�%.ii i ��r tyr v�.ilsly /rr r:t�'^ ��•M1, tJ) �}. � .,,. X-%`J,.S 11r, r f a l• �{t f{�j .'� r 1, rk��, A`1ri.Zrr�it ,,,,?yf r?'.rj ��• i r �, t .G .1•+r } t .,i �, h ) ,„� � t.' i c ?`- t7 1 [rC � i t + }�` ,� 4y.t �,� } 1. r�?`• ritJ It.,, i:��i � •, f'i ., 2 l..r+; r �'.. ., �, ra r, a r �4 �f , } rtlr r J'. Irvv7! Y} •�}-j3J� v. ,j,Y '!t `� �'yt�. t'n ,': is ��'� { „i.• .•Tr;'; a -'',`tIj _�t. - .t}' ..r i=T"51.1 r,; �'•,� t i; ili lFy `jjy' 2,_.` i♦S, i 1' + '�,'• ;' '' ,ir{!/' '1 i, t Y.'i` t; l:"" r-;r,+ �' .,4 I � +rlr 4♦��-: ti l .f'J e r r.r, ! .r(-, r ; I,�, xF EY , , r � � :.L / '- '` � s n 7 r trtf 3ci .{C+, 4.1i. i t { ) h + [ . tSrjt ',}t t!, `i} )-rJ/, �}.'i ` _ t ;� ! '.T! :'� rt.S r yr ,r�;� •, it^•� p e a prov s uns of this agency Note and the ENA, the ENA shall govern, This Agency Note cannot be amended except by the further agreement in writing executed by both the Agency and Developer. e. ydaiver. The makers, endorsers, guarantors and sureties of this Note, and each of them, hereby waive diligence, demand, presentment for payment, notice of nonpayment, protest and notice of protesh, and specifically consent to and waive notice of any renewals, extensions, amendments or modifications of this Note, whether made to or in f6vor of the undersigned or any other person or Persons. The pleading or any statute of limitations as a defense to any demand against the undersigned, endorsers, guarantors and sureties is expressly waived by each and all of said parties. IN WITNESS WHEREOF, this Agency Note is made on the day and year first written above. THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH B: ✓�`Y Y ChairmLn ATTEST: e G/e�k APPROVED AS TO FORM: STRADLING, YOCCA, ARLSON & RAUTH 11 6,4 Agency by City Attorney and ` y Age ncy General Counse .; 10/02/89 6553n/2690/09 -4_ A�• y 1, ��}kl .100 r, ,/i'trY.if7�rX a it iK';t:L:rl ^:. .�•'-, �i, 3 (f •`- Sr, . r "??rr , t . JLd 7f A' rv+cr J-nf tt•i'E r-* �' 7 ,r'Sjzrz... �o yyr iTi?, ',Y� ,Lf{1' p144�r r t .,^' tT 1 t, a ,+, fa �S• f: { � ��t t': V r }, A.rp.ij:l�4jt' ft/,frtt t Yit,r r} t F.it, r t E l• �15 :� J jt��:j (z r 'i ,•r ,j. 'f ' � .-, ]]♦-r+ } r J J iM 7'-.(' .� f+�'li 1.;Rc C'rrr`��.l�ft'ixfji �+r� `i+ ' '+i;' r tt;n't I. t"`` ` +- ;ti ` 'L\ rt ,.,t ' I) t rtt ; r L�,1 h_rji�.i., iiY� r �(. 5 ,�tyl':��t��• � ` f.• t P h44t ''"�. j +tis [ t '. l 4 + +r 1- ,= f t ', r ' j. 1 iJ , �'+i f [ ;+il• ,' i ,�^ 'r to,' a}}t•y v ♦rj.�`. 1 + r t' }�F t -'i r r 3JJ AtS♦ < .+ t t , � �:.. , r r-' {� tt ; " 1 4 ;�'• t,.; rSlrf r 3.�"}rekt ,�", �' 'k�F.S C. Y�' S'$4, yr / t7-: r t./r.f 1 {i'- "t ✓' i 1 {'_ r ry +t sil „ti� 1 , ,,().}�.a [i°1 { ) r7± it' f. ;{`. .r �� y: �� '� ! r 1!•i � r hj 1 . f 'F � hfy'i:•'�',t• r��y'a� S ,Yra�) T!: �!ir2i5 �t u i r.;Sf r t i j t t ,r J i '` t� n 1 ij ra e t 4�;1•�iif,Fit,i ri4['JF�r �7' fy r IF�►'r + /''�/ f ,:�...19t) }l, , -i, '� r ti , Se y} ♦ F%j �' L�r'f[ �,'t�fA YY i. •.� K'I,.il%l� red! � �t } ♦"•S{ ,+ t• t f` r.,, 1?St ,.y< .7�t''tf if.*'"�,`, `-rr4ilxX'J u,l�:� .h�%.ii i ��r tyr v�.ilsly /rr r:t�'^ ��•M1, tJ) �}. � .,,. 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J 1 �tf }71 t t 0 Ss > fl n�-j7J�r, .Lt•a .1 STATE OF CALIFORNIA COUNTY OF On this day of 19_,, before me, the undersigned, a Notary Public in and fur said State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument as the Chairman of THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH and acknowledged to me that said Agency executed it. (SEAL) WITNESS my hand and official seal. Ate'' �di;�t<t''S�JJ1r`i`t 7r 3 �I - °� �' 10/02/89 +, 5553n/2540/09 -5- 1 / 'Zl c T t.�; •'i 1 yak_: ,a• , � . � sx rr 7. k\ r J 't. r yor7, r1 j5, a ,,d'� 4x•1. � ? ,} t rJ r t , � 1 � f t i a t ,,, _ 4:1 t ,rrll��'Y C'r'�t�t f�j, +'�y ,t,:' yl •� Ir+`. Y .I ''I i.,t +t) rir t 1. t }K1r t"'/,�, i l.rt,j?trti7t i ',{trK ,t`. J _ 1>, t !; r 1: ,� ,. t• t i,i,}{ r f, t��. 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Ja S"f t+ �- ' i� + !/ t �)t+�f �r'Ir. � r ±_ It r;''.tat lY`,!'•.,'vrj.1�Y � I"� �r yS 't+,d t�7ti Elr ' rl r` f. > 4> ,�'�i: •. y , L,' +n t. t'T y.L: �, �•:,iY , .,Yl �t .,., i ., r ,t + • *,= 'rt 1 t it' t►`I + it ft '•f}� !'1'r�.\�, �41!;f 1",p w. rG�'S• 2 / t. ,�,,, 4. ,Y t• ;Y�. ,.1 ,.r' �t•-til t; \ r..X ,1 'i'r.t ,l` %+L•, ,y, f }�. '1;=:I r,. Af't:,� •'.',}" r't: ,, !t+ T'.. ,+,.;t •:,Gr`.?t >r ;: ;* ,:,,.1 id-.+.L�, '"._; T• .i �' ra r�Jr: .,.r 7;., ti.:. .t�••'i{r� tr."47 1(?+r. . ..a . � ',{" T T t �F vtA /`F. r�� .1r •:! + tt T ,., It n., t...: �\, :.•, f .; ,.�r. ..' -. ,rt', ..'� �: Ir L-t 3 rr= �-/r'�f1. C. i'i:; .1, t,,7�_1. .J.. e�* 1. / a51{t ,.T,,.�.•,�r.T , �J r.,,_-; t.- .r .• - ,,. '1' � •i - )r V t` , . 7t � r? }!r r St�'�(•. p �4 �s , �i4r {SFi!•t,r. �. (; y r L'„ r a`, � r) .i L'C'irf - 4' ,i, •j; �{��,�,' i..f., r�+ C '' ! �f'."�::'ft '•'�,�`) f ' ) 1r' •'+ ' •.,. r -S si.-r' ,Grit t i �: (r i=j;:', i�i.t',•,•' T Sf. �v;° , {TY��±, T .1 j i� - .r. I +' � 1. +� c.a / f:+ , �tl •,: �} } w t. •' i t 1! f''� i °. ,r )•T.',K r It +•,'{ )''�'. r, ,.. l �, , + .,_ `1: , ,�� r r 'Y'. :,r t�> y.,J., ', ((��,}}[t Iw !1 '�+ +J�,r �'1 ',L iy�.. [.`, !`,r. .;1.�r• - .i it :� J�..y !L y.,. 1r r.. "1 �j?, r. +.i• 7 •i.'. , r` ', .,: .,rw. ., I r, YTI i 1 :'4)r _.7:', } .i+it..it. � :�!a; .1 :'r � / .kGi 1, ,:; , 1 • - q I MWAJLR 11A J1 't oil K4, 7t 0 j N4W At lij -- On-1— n ZR EXHIBIT "A" Amount of Funds Date of Receipt Received by Agency of Funds or on the Letter of Items Cumulative Agency 11M.1 CredLL-- Paid -- Unnaid Balance Inielalgi 10/02/89 .6553n/2640/09 -6- -;P .. "10 now V 7 , e -v: '1 4IzVI I —41 j -t' a"o �. 5.,-Ak .1 , T tif ,16 14 IV "rii ft,r f S -A A I. :iz I o- ft I Ni I t 4o P, qr, r2ifg Vv 7 Jr X k, "j i3l "Ah 0 - os of '01 dt CONSENT AND AGREEMENT CIL; The undersigned hereby ackncwledges,notice of, and consents to the terms and provisions ole theforegoing Assignment and Security Agreement (the "Agreement'll the terms defined therein being uzed herein as there in defined) from Griffin/Related Real Properties-1 (the ".6 r "Company") to Citicorp Real Estate, Inc. and hereby agrtes with the Lender that: 4 (a) The undersigned will make all payments to be m`ode by it - under or in connection with the Negotiation Agreement, t! t Agency Deed of Trust and the Agency Note directly to the Lender '.t,t its .�9,;+'f: t �fi•� office at 599 Lexington Avenue, New York, New York 10043, or otherwise in accordance with the Instructions of the Lender. (b) The Lender shall be entitled to exercise any and all A�t rights of the Company under the Agency Note and the Agency Deed of 4accordance with the terms of the Agreemeat, and the . t Trust in undersigned shall comply in all respects with such exercise. (c) The undersigned will not, without the prior written consent of the Lender, (i) cancel or terminate the Agency Note or the Aqenc; Deed of Trust or consent to or accept any cancellation or termination thereof, or (ii) amend or otherwise modify the Agency Note and the Agency Deed of Trust. This Consent and Agreement shall be binding upon the all inure to respective successors and assigns of the undersigned arh:,1 s th2 benefit of the Lender and its successors, transferees and %ssign3. nix IN WITNESS WHEREOF, the undersigned has duly executed this Consent and Agreement as of the date set opposite its name below. V 7, A! P Dated as of 19 Vi THE REDEVELOPMENT AGENCY OF THE M" CITY OF HUNTING :`ON BEACH, FU A CALiFORNIA W INC B I.0 Title: fN A 10/6/89 16,312-0040 GRIFFIN/ASSIGN5,AGR '4, 1 �� IF me": 'iAZ tj]F, .4 .4. 1, '7 it f, 4 t �A , �, , .I I., " .'1) �111 Ii ;,f �,I�IV") t,, I� iI , I ;I 1,1 * �o , i"t k ,, , � 1 7,. '�a i1� 1 Oi, I.�iiI, " ,r*"11 .. � ." ,r iV . , n ,1 f X,, '4 t , ti 4r , - �I I I . / �� _ F" . I , ,, V�A � "F; I �tIJ.�,. - I -ILI, ,� .�. i0,,-":-, k I I . � 4I"... I ..I , , , .` .,. ". " -11 - , ., - .1. �1 4',. "" ,A4"I,lW-G,I 91I ;:, ) 0, . C (k " 1-)/.I, a-4.� f1 % .. ��- , I ,.J, � ",. I, ft ri rat - y jtjV""Irt,r,, ,� J t,f!) I I ,-4 1., . I 1 -. 1 ,A . , ,,1-�'( ""(�,;��T,,1At�, r �-' " I . �I" .,.I�II "t'�.; t , :�.. ,I '4, .1) � id 1iA.1i ; , ." , ,- # , i ItV ,tP,, J 1 ,;�" ,'44", l .-,, O� .. -Ni-;,1 I.,i� , i��J,, ; L ,-i./7 i0 ,,., 'e, ; ,J ,- •i[,VT_k - ,! h .10J 7, -IIjI Ifr1 -,A,..xI ( It�I _IV0 IA -4I i i, "��<� I" �, . ; 't*t0*L�7 - ur41(4*<!;,�;!,!",--,� ,7,1,14,,OV41I7�*LAt,!11A'�r?. ,�,Ii,,��A1� f , ' ,"I 1' I- ; .'-Cf , I ,�f4� �I ,4tutffy".w� �."�,x ,�r�! r�4. �:•_� I I".11�, � %1i,. "I xl� ,,,.A41"�1.�,", ,�1g." ,*�,�..," �14111.1_L.._,a;.#�,i:,�x*.nA,4il", ",",._U_6,I�4,-�'� 4 .i Iritf(7,. , %. ,Y,-;) I�1 I, , '. ,. "i 1.,-�'.. _I,;1I, 0� )-", - t , i., y t-, lt -. , I,.I��, i"_ , r, . 0% - I %I I 1i,",, �114�i , .I��,1I ', tA tt fjf*}e"f ..- t t f i-'-''"t.�I' -l�'�4�:1,IW.�P.'�,'�I V11J.�.41—,�.,1,1, )I ;. . i I ,,1 �!",.-I�')f, i ,A""�I .I.� -- , d, 1 ..i,� j'-T - ,il ;" -r�., .- V -r.1-,:." , ...�r -JJ lg t", I) Cty of Huntin0ton Beach "V fJ,,I V�,Ai �_ J"eVi"Jr 'At'iI i :* CALIFORNIA9264b 4)1,� 42000 MAIN STnEET ;.qA4r IA , t;)� ; ;' " - .i -, 1� ',"" , tI 1L.t,) -I_ 4,-'_-':;: ..1,1�..." "-, .".�.. I, _ DEPARTMENT OF COMMUNITY DEVELOPMENT I I, ,..., ..V,.I-`,-.;L.." "�, ` ,..".., *, *f,.-J14, .!1 r ; -#I4 Iibk;�%"i I l,1CI 4,kI') r4%p j'f- N1II".0) ,I Building Division 536-5241 A,*jJ,- -; ,1 , '• i_t!"s-kHousing/Ridevelopment Division 536-5542 �i� ,;�''1 G&".tf%>Y7i'-t I,$Panning Division 636-;271 \-1;_,Al� ," � I,4 ,, It. 4"?�triilI 4 'I .i1� December1. 1987 iI k,,I � , t ,, �,.ZI, ''l , iT. 0 c"W0!,,,kr,_9 1 , J� �-!-,'f14 ;i!, ;1,�,*,��,r," 1 A,,,1r 1i1-,f�44,'.A., ;_� ,,, , , ' l�- . ,Z , I ,I. ��I.'- �IV ,�0�". , ...,.-.I ', . ,. ,I. .1. t I1j:�4 " "S�, `,, �"; � t,J , "1.,q-iF,, �d'a ' A11,0,& �) 4 I%tr- Mattiew L. WittePrincipal �,1s, 1 iJ�it�1��)13� i;!iJ,-f" , U...,Ifl, .',AI�I.-1 'd 1 W—. 4Jh Griffin Realty Corporation ij1e1,V J— I ,k��,,:V� rV$,Griffin Towers ,j" I'4" "t iI -,(,0 ,ly�,K. s7��!"�i�I�.,,/ $ utton Cuter Drive, Suite 950 .1 Jk ,N V1,JI1A,��Y!Santa Ann, CA 92707 �,.5,i4,-,,-4 !,i"ip41 eI 1� � �* -0Y.Ii,�?I-4%i-T � Dear Mr. Witte: . , "I -41� -.1 I .1 '-I. � , � ".,ti, "'. ��. , The purpose of this letter is to restrite our position in working with Griffin Izealty - A "' 7141" fl',�O, �,',,,�,�,.is.!�%wV. 4c$,�M� � " I "! '' I , I 11 .,... ,,, , "", --,. . ." 10%,"'., . . 4, "W'I q'i,"',,k�i �' r.?!,'�,`t�Or- �� Corporation is developer of Main Pier Phase 11 Redevelopment Project. As you know, we, fl, 4"VO !1II I I. , - '�, .. , 1".. !A'i-.V., � "�;� A ; VA .� '' � I.."'.1i, are Interested Ili the exchange of your assignment In escrow with 110r. Terry with tile City .o,_1.y* ',, .t,k4,*, �a . 11ei;% .., . 4,�.t,,�,�,: .�t_b.1�i1k--,)i'-�jr,,., 11 W I I I " - 1; . ,, � i., 111,� 1 . , I 0 %. kLJ""_ I�P - V w " ,,,, " i , , , , , '. 1. . of liuntin-ton Beach Redevelopment Agency subject to the -attached time schedul- of .. . , _Afl'��. �-,#31111'01_, _1 k A I . � 141V .�7�� 1 1 , - i J..1,V . I W V, P-1 , 1'. - " , , , . . .1, 4'.11 ,,,, e, V 14.1-1.. , .1", V , V . .q(:.,.,--,-- .1 ,,,, . . �',... .. ,�4 �, . I , ,!`1 V`I., t ; - I - ef ,,- " - ! ")11f1r'1 It" � I i:i It,' " �fkk 0 I t ".- , lf�, � �, �;' �, . I � ... A111.., 1, 4 4" "k '.. .,11,�, I - I fr 't *, t - , , I i . A.?I, . I , __ - . , - , , , '. . ;!"I"I, � .I- , , , . , , 11 I I ,��', , .�,.` , . . 1, 6 ( - � " . - I I , - - I - . . , � I I . . � . I t is.our interil-iun to have ymir conceptual plan and economic proforma Wore the Agc;,ey � ., .vt , , I . I . . � 11 , 1-i , � �A �',� ,�,gi -;,j - ,-.-q:, ,'f.;: � : I . I �, I : I I '. . . : 11 . .., .", , . -try 18. 1988, provided you submit your materiiis to us by no later than Decenibe. ;� , 3 � IV - ', , -nu, - , , --,i � W.�'.)-.1'14'fj,.�1,�,:;,, ''., .. by January " I. . I . � I:, '' � ..- . , " '. � . . . I , e, ,�J. �, r- '.? ". i ", - I - - : � - �,,�, ' ,r:.� , . �_ -,("��"i'.,. ;r'.--t " � . 18, 1987. The level of assistance by the Agency to your project wouM be determined at . I ;. I - � ,, t - ( �' r� ,.1_ - ,!, �,," .� �, , , . , .� . .�� i _. 'A i�._.�.111'1 �_,-,.V"',.", .1,1, � that time based upon our financial analysis and appro%val by the Agency. _,�,. ,,_�;_,"�, . - - ". �, " � ,. I ,, $ P ��'. .- , , � _ ,,i�"_r":i-�:'. I 11 - '� , n i k ',, .1 s r', I '� 7F ; Jr I I ,. I I... � -�i ".. " I v- .; ',,--.,;, ":, '. - * I .. IV!, ", .,. I " - I ,,_�otc,�-�,,,. ,.-.`.'z: _ - 0 iw. � " - .. . -.'.,:s�., , The immediate written release of rights in the escrow by Griffin Realty Cotporatlon is ,J. , il. " "--, .z - __ - � �4, '..",. 1-h. - ;�),I, 'k.""'.." W�.,� .i., , . ,,11�L),-, 11 s,tU_,..,_" � ',.:,i - . %/i.�.Jjv�,._ , ,", ,4ef�`; �- � �,�,-q � _1-.)!.,.-,6,-"�,�.i,V '� - � " ',� essential to the culmination of the purchase agreement. We also ask that you release a " i", r , ,�•� , I �,�.,,,,i�i...,;.,;�,,--,)..�,,��, ". _,.�, .,F� "j,"'. .�,"":_ ., , I V�-, - , . y'4 '. - I _ t - .1. ". �_ -t * �111. I j.1i I . , - (;�., I'�� . - � k) I ,.�� t;;� Or%.'t.%,,,,�:�.,,.4,�_ copy of the Dames and Moore hazardous materials site assessment report and the ), .�13j'�)'�,�,44 Ill 11 �,_Irvll. � ".-W I'', , ,:-�,� 'A _� _`1 "' I I ". " ,�,;,"� o-:� 1�'�,71 .'M; 11 1, � ,- , , �; �." �." . " I , -1, ,,, k F_,.jAiv I" X:"'., , - , (IM; '! tv .� &1_1 .q ml. delineation maps of the location of the tanks prepared by Spectrum to us as soon as they ,.41 q , I .�,, _"'%._1 11 . . I � ").-_ 1" , (jifl.". , -, - " - .-,,. �.' -,� q, . ,, ,� ,-I,,. , �9 '"I 4 �. '. ,�f I 4 "".!1, I'- are in your possession. I . , - 4", -,�. 4 0 �;((.- , I ".;,-, , , I " --(- V- -I! ,� .. 4, X , -.?. ". �. -. -A \� , ,"!�414%I,;� _�A., , � 11 I �, ,�, - . ,� " ! - 14 ." � '� jl� , -'"'"I"', � ". � � , , ,,- LrI ", � - ..7 �,,�,�'Ilxli':'),) , , :, ,�;,.!,,� - -�, .. -e every effort to achieve a mutually successfulpr ject. Should " I..- 0. . . . , :.1. '' - i, �� - .:;,4 , %",z are prepared it, make a . - . .� , � t. .-I.- , - �- ". , , .1 "I I , , , � - '..� 'i ` . . .. .-J I I '10 i,: I , , 11 I , .�.- -,�� , , - 'e, ._,�.�,, �, . I . ., � , , "." . you have any questions regarding this letter, please contact Doug La Belle at (714) . , ; V� , , 1,,*,'.r. , j"', , _; 1, _. ,,-,�, . ..... ,.�� I � �'. � It, I I .� , , ��, -,'4 , ., .1 � 1 I "it, , - -� lr,�' i L;l - . I �'ll"..�',,'.''i".',!'.,,"t"i; -1 I- I . I_. � I 4� , e; , '�'. -, , , -e. . % , ,� -_ 't _ . . 4 -,, I �� , " , , ,� � ". --7. " S36-5582 or myself at (714) 536-5575 at your convenience. -: e'., "!� >, " �; �, it.J , " , , 1Z I , i (,-, - �.-- , . I C ., ".; , I I - 1, - �1, - `JP-Z-_�.-.�, " ,"., , , VP.,.VX 1,111 . '.I I �;. - I , . . , , ,.-,',,I , N - -- ,p t" , . -....,1J.y".� , .1,1 7, ,i�,t'. ,'_?.��' )� �� , -Sincerely, . A ."i, 1.-,�,, ��:,;��, __�. .r. � �.,.!I�?!',"v�`,,'-", , �' �,,t�,_ ."." __,� _ - �,---'�,j-;,�,:t,,'..,� 1;',i111k �, � �14.jyril. ��o!i'j',-,'j' ., � ii � . , & - �. tl.ry .'.".. .; ) 4 !", 1, I 1".. " I ) ,"i4. - A`14"', , - �11 11. ,' , .., , I ),., i . I , , � . , � , .! � I 1. -. ,. 5,.`� 1, I . 1�_ I . , , t . I , � . , , " , - : , , , , , % 4 . .. I T" I -t 1, I . I '�i,� ., : f!�., !,� . ", P �.- I . � .tf.", - ',� , . W t,_��;% 11 1� P.� -,,,x , , _ ., ", � � � I � .. �' I . "I 4� I '-It- I �, , 1-1 . , - 1-1 , . , 4 , '. 1,11 I . 11 ,; , ., ,. 11 _f;�._ ,y- - .� .,�11 I . � , I ., ";". " 4K !" _ . ... -, � .1 " .� 5 , '_ ; . .,7 i " A t1% -1 � ,_!'I Paul E. 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'f. pit � ,kr{�, � t,.+f•`. • R � i,�f•+. �l r. .. -t ' , � - , ,,, pit r r` , I �;1�. g,� ,; i� £ , , A 4' ,i �' :'��4`� rfr �._ .,, • ; � I, .•• •.'�� '�: 11 � t , r + Jt ,�'T.3 AC• ��;�,�: `. ,�. rt.Y'. �(.'•J.`ta; 1,`ti..l:� Ir .a •r- i `,t r° ,1',ti,i � ."+ (!^,. '� r � '•jJ''; } � ,�f �r'� ,l Vt` �'r � ✓~!`.Y:� _., �y :.„ra r, `Ir •�.: 1, r{�, ...:-ta,. !a '!, a+ .,�• t « , P�, ', -..i ` 1 , ft(, y+ v yt�; y�4r.. a,f t• /r� r !:i tl•� ,"', t :� ri1 i i r «Y' r: `*•a ?`S'rxl,• 3r!'v'ii'•Lt r ,:d}+ .� �i> • :•f '1' t :1 • fi'! ,.,,,J• 1 1.,�^�iw�; +. rt :r.' .: ..�. _ •, f ttf 1! Ere .. n;.i 4 rt_ sY-,„'. , ..; 'r. , t t r � _ t,py Y�� i,r�tr}r •+.�,.. sr+itrs�rr• I. ( r rt 1: ..C. '1..:t:../Ja , �„r.c,♦♦ •1.. i yy. �r � lty r,._' ,.; .,. t..tr. �• �,'- :' •i :r 7t ,P+e ri �� r�L' Lrl, u}' -- 4'aR ! . d' . �i�.,' � ! :,.''_. '. .: ;r ;� � f. ;, L, : .. t 'Y)s'LT'!ini«ir:'�•...J�.is.}, .. ,.' r,'.. ..}� (1.1, c' � ,..:'7 t.�. .' .; .iNYOGa,"e.SSY.'ti•r7r'h/tJt:'i'.V�2iU 9`' y.:/j. ,�. ` �Xhi ytlth��.� ` t r., :. - .:}� .«..:.b11r.F-- -.....�...-+r---•'�'f ,....rwtwo.ar• � I,i +��i ! ,4'�pt` �J�i. 77 }} i rt ate, 'ttrr TASK TIML• tiCIiCD Xr '{t 1 1, , .} e f(Vt 't r A C .., ftlyt ti };, .R ert .• 21 yrr..ktnt' o Griffin Realty Corporation will provide release of rights in the Terry t3utcl: escrow to the Agency upon receipt of this letter. ''�� ` '' �C `r o Griffin Realty will provide the Agency copies of all reports pertinent to the ,,t {� { ��`rr�h;. — location and assessrncnt of hazardous materials and tanks upon receipt of this W M.1 ti yC , 't YW11. y s 'r r 7 �� `' "'7 ,"�� `r letter. � •`• t ,�- { '` t �, . o Griffin Realty Corporation agrees to l;rovide the Agency staff revis .d w ��.' i �+ J} � r L- 1 " t development conceptual sltc plans and elevations consistent with the City's f Downtown Specific Plan P.nd in accord with our letter to you dated November 17, ` e, a December 18, web ment p'.an should be su`tmitted to us by 1987. This d, p �,' Fr{yti�+'t�g'i; as to be approved by the City/Agency by January i8, 198i?, or scrott thereaf ►cr.0 ,�� ; ,t�,'t o Griffin Realty Corporation agrees to provide the Agency a project economic -it,'ter ;; s`' {►_as't�iiity p►'ofurrna report and draft rr�emoranditm of u18 understanding within such �;t' ,�•,y ��' ?'4A' as to be approved by the City/Ag,ency by January jjit Y; 1� i eafter. o. Griffin Realty Corporattion agrees to make formal filing for application or entitlement for the project by March 1, 1988, The draft Disposition and '`' Development Agreement Should be in final form with deal points clearly : ` r 1 final Jbt'C�"'11t',;tt for public tr 'r._�! € � articulated by that date. The Agency will negotiate r i1 I I r.� PI • l , i .. - f hearing by their meeting of April 19, 1985. ;t 1i ,rrri `2 Y, y;f� ion the $50,0UQ option 0 The Agency agrees to reimburse Griffin Realty Corporation T '4r,.iJ.rsl,',.,,;t mo�tey paid to tti1r. Terry a: time: of Disposition and Development Agreement bocatn� t �f � (* '�7 �'. t';i .r 1 r� ! �• �' royal. The Agency further ngrces to relieve_ Griffin Realty Corp app jA.'>>ri ti • `l�,I lac t`�t� M1r'�r T �i rite. V 0,000 c�b1f anon for the first extension (December S, 19g'l) and the 520,0u0 (l�bt•ch 8, I933). for rite second extension itr .rt l .ijtp tiSr{ r , r : f r rint u y t 7F'-,/L -._r}a •f! ^`ii f '�'•'�, .?? it � ' ,r;,, I.{ it`��c�°�':ate �� x; `?' k? �/1r ry i'Il E Mj l t� tl:� it#s{fib i ti'a, riK Z 1 4 r• y i t }T { <FA T t e r � yr}� to 1y C .� M'r '..r •r. � 1 yr;iild� �,?.Y 1 jw,rt ��` Jt�'f'"1'� r �I! Xr,'j •� i r o� } ' } l fr� 1J .: 4T--r t ,`ry`, r,�ff I•r�ppi-rfi ,,l Ir ` �. t l r��s' 'tiy� fi 7 i L � � ' i' lit. 5. � ,t i�•y�.r , J11!}'�"'p�,l''1 j1 7 a r! ♦• �h� i � ++{_ �, �, i,, h��tT, tF ii,a `' �..w'...r..w�.w+�e•.,�e.•'ystl•I,s'►arfm.'�A�d� I p t 11 f ti T{ 7771�,+�y �. ,'lY tint lr �esti`) L't� r-: t ' I ;'.t t� �j ,�• `,2 rtt - .til a«d^ ,rr:iljt.Sir�f7�r�1} ild r r•r�1, (r� �tJ a ;r r� t•� (h r"�r�°if�' rIt 7.. {eI1 >i I }rt�/,'�i r 1 It • r +1 (a �1 ! e : .. � aft � .i I t�i ♦ ,.','; � • y�1<�Z +C�}"y�', 'T �`i •k• t ► 'r' 1 1�1 }-,� '�lrl tZ ', c tr �''. l -i !'.t I i(A A Y G i •;tr t itt,. ,, :' �ii,��•'•j l; i��; �f Ji�l �K �',�' � ♦;}f IIY t �:, lr'�' ' r l, 2�, t�. •} !� `r ft { �Y�' tV�L} ii{ SFt r� rt{lGy{�11` ,%, �..X{. •� i. .} J.a , .i ,Lta ,.• 1 .'1` t !�:I 1 r � ' ,•! I ri r,, .,' r r yy,';. ♦ ,�rr iKfa ',. �r•.}}�:{(J}.fU •�Jf}�li. 1y'T}itr/�': f.SI}trt� l- „tr t rr 1r ' t l,ry:' i+��s M` f r' :'.r,t r't �'Ti:� t .� (�`1} t rh{ , .,JI �t �t'.' � C J.t4ti U., i�+'r1/['�'0IS`� '.t s•r rY�1.'r. ,1 •� � 1 � `', t A rt,�r.{r � � .t r:,: �`Sr A.. r'or 1.~t ayi,��R '1 � r '� Y'�J+'E'!'4t) 14 S�t. i Tt+ r v: .4 `-4.M�.� �'y t �r. t � F';,.1 ,.'. IT t ` T 1( r•'.� t.� :i �'.. ,�, i �. ',�� 1�1?�� ~ �i �atrl a"�laz tit, iX r � +.•A r� a t.f �t :f , i't I L }+ ' t Rl t7 t I' 1;.f t {;r� x' 7 •:. fi'.Y tlt •1 . <� tf rr ,I d t1 (! $i t' t r / .r ! 1. !� t �' � • r h r'f 'ii.�t'!'~ 31 (, ,�,, �1 t . ,• ... 2 ,, ,: /t t� ' it 1 t.�� 1 l.ar« 1 t �3•, '�i�r'��,+. ��.1'lr r 1�}.� + tr 4�' r• � c '� • £ !' 'r -, r a tot 1t r4y1 ft•r�r �� I 2 i 'r F n 9 Y •� r . , I- -if , ��I�• y J,tx .� t � EE ��1`►, 1.. 11 jo "It p • h�, V- 7 A ir 5 -oi 1", o. it o W-, 18N '40 4: JI 4• 1. 1 0 ?Fat 'Al, .1 t; X�i I GR I F R1 N R E A CORPORATION ? 16 December J� 1.4 -t,,, X Paul E. Cook City Ad.n n istrator V t City OE Huntington Beach 2000 'Main Street Hunti.".cjton Beach, CaliZpornia -a- nsft.br OE jj? 16 ights to the Terry HUntington Be,,-chl California Cear Mr. ccole: Y 'J are in receipt Of your letter dated I Decembe- 1987 requesting _ha .1. VQ assign to the city our rights in ?scro*d4 to purchase the V. 'tarry Property (the "Ptroperty") , ing YOU to Complete thereby allow' VcUr contempla,ed transaction 'without prates , At"C'er discussir.g your request internally and, in the intet . es-s of moving redevel-opment-of the Phase 11: site forward, we will'agree to your "equest. discussed with you prev' However, as we have consen,z to this assignment is subject to the-Ci 'Ously, our ty's agree I ng to each of the following stipulations, which agreement sha"11 be below: evidenced by Your signature in -he space provided C, The City of Huntington Beach Redevelopnent Agency 11Ajencyllf)-_ he will continue to cooperate _negotiAke with -Apd l &,,SYjy__ Griffin r%n I —Realty enrim"Ai_. Rivet EK2pe 11q3PC/CRP11) Charles Riv _rties an an exc ILIsive basis, through 1. May 19130 1111 nr, execution of a Disposition and boVelopment AgreenenL (DDA)? whichever first occurs or, such later date as both parties may agree, (the "Negotiation i';# C AAV, :i , �f� Period ")t and; x5i The City will use its best Prope , rty as soon as possible to acquire the ble but, in any event, by Tlr I February 1983, and; 3) The C!tY will consent and agree not to re -sell or ground lease to a third party ore in any way enc umber the Pro-perty so -Is to restrict ihs redevelopmt imminant Z -nt by GRC/CRP, during the Negotiation --it, Period, and; C4 % V IJ 7r, P W, .;Hy 7 POity "g 4!,g A 1. 1, It, 1, 74 c. 10 3. 4 AL e 7 L Yfij.r Its j( 'y, 4'. - , — 'I- . . _j 44.•if rt 4; Ve fV 1 4 0. ri) 1i d . . " I ": �, ".); ,� , � r I 11 �' I )i 14 �, 44 - .. . �.l , - .,-. . , . . . 11 � ,, , , . , � I . . I I I .), I .1 . � , , - ,,, . , � 4N � *' ', � '. t �,' ,q , -_ %,, , , . , " . � ,: I., , :, I I I . � I I . I � . �, � !`.� -. I , ;rl I It . . , __�, , , , . , . � � . 1J . 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I �, , i.�, �,.,6 ; ,,,�L ..,_ 1��I1:;",;II lJ�a.t.".;,�'.F* -,--., �f IJ':I�,J/ I.Yt;5 �,- tA� , �J, r i01- W) 1 O.!A T �;1I I-1"j%i- i 0-i.1","- I ), ;,.l."q � IJI f7 , , t ,,, � , 'C_f1k1 I " .. 1� Ill, , ; , J �W'V�e ,� : %-,. .. ,,, ;,", A).11` -, �,,, , " I . 1, - ,�N , � , ! �?',,;. ; #"_.-;, �;r,; ? . . :_t!S( , _ I- � tt,1.!t'Ir,f ,. - I ' .,I 'eI 4tJ,.;A44,Ij ?IO" A, ,, - It . Redevelopnent of a .3 %I 0 I A, ;i, , , i-, ?, 4 , t, - �,,_-' ;. , r � - ocanom then the Agency ,',"-' �:z','; �i � � 1; I lh-�'., ,t:!, I shall be ,,;bligated to repay to GRC/CRP: ,�. � tif . �U'41 1 1. J_ 1�4 A , .v,.� . .." 1. . I � J ..,k: . . non-refundabla '4G CRP . _ , -1 has previously paid to Robert '�erry, which deposit �, i ��../ 1. I I . ". . ; 1',� tt:e Agency will bQ the banaElciary of ray viztue of � �, . , . 0 11 .. i , , , the fact that it has specifically deducted this I ?" �41. a,mount . ; .. ""C I �.-�i,, 11, 1 1,4* ,with Terry, and; , ._ 0...;.,%J� ..� $.' 11_,11.41-P,1'1-;.141 ". 1�1_" . 1�16_1'I � A 1, `� . b) The costs associated with undertaking the " 11 k , -, . t , " n" . . .� analysis of the Property, which information the . ... I Agency I � t L I., I . ". � reduction specifically in the purchase price with Mr. Terry. .� 0. " , wa r RWS,��, I , , , ..44 , * 11 t Based upon our records of invoices from Dames 6 ;,�;',�?;,.�,i,t. i, , ,, . .11 I 4. !T �.�, , _� ,� I Moore ta date, these costs I - r). . 1�1%- ", , �r. I 10 ,�,,.-.,., �, e ""If arid; ;IiN_. V.,. , I '. "'j, . . 4 - 1, �.. 7I,,... G, - .. ,� I , . 1 , , , '. �. _. .1 � ,,, . V r" The $256,000 "good faith deposit" paid by GxR-r_/CRP , 11 1) '. A- � - (I ..". -, .- -) -,-.V.'\ ; - t-k �;l , to war. the 0,4 ,,, 5"...'r ". .� I, to t�.e Agency in MZy 1497, which in 1. � I t g% %`��11 'i . , ;11� - -1 _ . � . : - 11, 1. P 4i " -.1 it %4hicl% she Agency has 1, 1�_ TI ,,�-N,j, i � ,., �Ij s.6 t*, " I' lvk 1 1,I-; . I— . Io�;,r,' ,,, I from the. er' on this project. in light cE A, . I Y ��! ".N ,� " , 1%.�,,4V--Y1'11�.t,._ .4 .�.` ... , - , `*46 � � � � -;-�.,J--,,..,;i,* ,I . ,� , "I . �. .," I I )-11 f , j_�_ ,� " .. W . . It, . ') "..., 1. 11 . ti� ','.C;, I � t .. IIVI.11�1 1,.01� 1,�'_J ..... �11 I have. al::-eady invested a ��,f,. . '. '.A ... 1% ,4� ^�_ I oV,�W, IWIVA �A in trying it -pi make this Project a reality, it is . 10j`l,-J741� ''t. �,_J;[,, -,z,-,; - , .41., 'i�;-,�-,4,�',�;,-.-)471 . . � '. , k . . unnecessary 'for the Agency to ret , .1io �.!,�t,'f. ,v W","', : I . . ., I -4- t , , 'A "*' , I "".-,..,(`,�)�,r�;Jht . . r . I, I �, "i I to insure cur attention and cooperation. Based A , j,01k." .) I �, ,;,71,,� . .".111 ,_,.-��.,L,4.q I . -, _�'. � I., Lsting, $3501000 ,,Deposit", we couldn't 't, _- , ": ;1 " �'�- . , 1:- , upon our ex. 01' . !�"�O ��',U-;, ,�' . . , . t, _. , , .,�._f ',, " .,�,-.) attEintive7, �'; � I!,";Z " . zi, -";-,RYYq1')f 1�- 'g. � , 'i-�;.,.4.t*.*41,1, " - , , � 11. ,A -1)11,;efll I..' I . . ,., 4'i.,, � t�,,I: . Assuminq th J'.I,,-';'q,�.'I�,�,�. .,�i, . - ", � .,. i � er, .. .,� DDA,'the t(3:rms of the Agreement ,", 1, .1 " ""'. -'s, V - !I __; �.,!.. " W,v �". O , , - ' - , _11-1, . - ,_�1"?,_104,4 I . I " - j. ,� � the above costs have already been paid by the ,. I ,It . !_ :.-." i I I I ,111� ., , "_ .1 C i Developer.0 .� ,I 11 . , k',� - 1. " �t�!,,. .;�, ". I.. . , , .1, 11 . 4 4� , � , , _ , .'I , I I the , �,,� 7',:.$ �:., ,- " V � 5) ,.,�; 1'1 " , ".Y"', ,.,; � . ."."'. " " " ' I , I � . 0 , - . 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VP 4 7 L 71 jrvt, 4 j 7k 11. i.,A IV. M� r •Ob Mr. Paul E. Cook 16 December 19�7 r"2`0 Pago Three 6) From the date of the Agency execution of thin letter and, at all times throughout the remainder of the Negotiation Period, the Agency shall be responsible for dealing with the Main Street Property owner's (INSPO's") in terms of making a final determination of which owners want to remain in the dealt establishing ellc;?able uses and development controls for each 0.t parcel, and any other development related issue (s) GRC/CRP will be periodically advised by the Agency of the status of the KSPols and ;hall provide the Agency with economic and architectural analyses of various options, as needed. We look f6rward to continuing to work with you and your staff in redesigning "and reprogramming the proposed development in accordance with the specific terms requested in your letter of 1 December 1987 and, to a long term, mutually berial'f icial partnership with the City in redeveloping the Downtown Care Ares.. Upon acceptance of this Letter, as evidenced by our receipt of an executed copy, We will formally advise Mr. Terry and continental Land Title Company, the escrow holder. L i MIP lk -? Yours sincerely, GRIFFIV REALTY CORPORATION/ I'll j CHARLUS i"ZVER PROY-ERTIES, a cow antura 41�!'V atthew L a Wilte Gonerail Partner ACCEPTED AND AGREED: ter t IL 4 Title i E, 1 '4 Date: MLW/fmt cc: Jerome Rappaport V :7 7. 'r7 of, '4. 7t T r. '04 0r `J ,j �J ,, 4 I tf i % 46 or 1.14 'ft ry yj f7%;` 0 e,t It k-2 AL r J �'., I,i t'._•� is=r;tt.,.k �, (' r: ',', r t �" l= ,L t ' ia•�:t0i ,• � F,i �tr1 i�f" ��'� }:Fr " t r^ y• fi ' (• , `� t tier �l}r��f� =t'�q •C-:�► t"••;_- , ! , !'• 1'r' r i': i a 1 t. + If 1j .1 t.' !,F t Q,-` lJ , 1•,h,l#•, ,�f,' t,.'1 .•j•�,! � l .,, � r t' � If 4h try �iY •4 +>, ij I r f "t+ r +q&'", �' Y` t + ]✓?.,`�:t ft `k. + ,; f t It � , ,�'.. ! { y ,,f. ..'.♦ r t'*.i. tt},f:l-i'i tr� ��C�• k y/771�'�4..�1�t` !. ,{ } tS !' ,♦ �l i l ,t = >�. i i!r ,'(\ ,l +Y .y <r ''%7',,b ill ! t�� • ''.� Y�fn- yt, F 5 L� t' �, 1 J J t �4 5 lit L 1 .'6•' p}tJpi"' 4�, A{` t{ii r ^ !�• t �� t t f S � ,t + r,`'3+��+ f ��'^ t, Sf�l i �i , ry-� +, r�i }�� IJ%:1f s l�� " ;,�'•JSl) . J y . 'r ,f t t;:' ,err ? t ;fir C�j r 1"I�lr SS + f '7'l -/f1' +i4 •+ tr,I r 1 R _ ss f• sT� rr Jt/!-t' T1j?Sj 'st�• •� �,.-"�' j� '�r�' r t' I ' �s :� r �S ,�/. � { j.yf3 ., ft .t T" � i-r 1 ;i , "� �± r��'r) w�tMk s ::. .)� ,cps : ''f 'j js i ,j 4; iT7f;y4r F'l,rl t `!~='Jf�>i11' S I ( / „ C f S t , V�I I . •�. "�'rA-;'A '�! '4_^' ,.'• :r t-. I li tr �k r// ,/ :,t� r '1+ {�,1-r ll. �l. `IIII '" i�"jt e{.1 •,.' ' ...•. ,i,.� }�{. �•if j( 1 ...' T� , 1 r " k J+t�♦ ��\�''`p�tt "i.i;�� - �f �. _^.� •`' Ilf K k air -r oij.,1..t..,• •• 7, '.tk l if yr .1 ��• S r> > i `! t'• Tt �,ry,'}� V�` '� �� T s�.. •lj��. 3.��`( .' t (i ,i S� !ir l i, 'lk r+. 1, , ��.. _•-� s.. iri'r•' J�,y�� }�t5•( ,,y r..;�Z"�r�t: ,�, �t� ar�, ,L" �,� •M .- i;; + {,yji j r rt t tit s ', ,�• 1 dr + ltr�j� +.��y'dl' r, •t�.i,t„� _ _; k . r:' .r. ^s' ' r !'� "; '' r , t f!it • ,to .i.. ,_ .� ... Vo tAI. . ea�L.inuuYracm�csr- t/ruuk s:.ta,RarSlc.sD:v+rJ�.1�0,11t1Y1L� ; J of oo ang I ,� •' 1 i i '.' '� 7i ' 1 {• Y y City tfu"it V l �� •t� Ci y Of • M��Be ch ft ��, •` �F�;� 4.y Y'1 '' ��i ,{��_�� ':� • ,~7+� �uo�l'�sl' �� •rr.� ,,�� ! �i'yir ;f! ;,•! CALIFOFiNIA92648 ' e'' kk✓ ', =`' fir'` " OP ICE Oil THE CITY ADAlINISTRAi'OR Y December 18, 1987 .� }'S,+ w l l 7��;' L Ci Y kit - •� At , ..sr t�y,,�'ti.•�, ter..`' .�Y� ,�; r�;�i, k f t ,kS. d r r M l , r. L ;, fl! T. t I+1 Matthew L. Witte General Partner i Griffin Realty Corporatior, 5 Hutton' Centre Drive Suite 950 .� Santa Apia; CA 92707 a'�. *,fir �a1c Lear Mr. Witte: a This !etter is written In response to you December 16, 1987 letter to me wherein you assigned to the City of Huntington Beach your rights in escrow to purchase the Terry art w kt'r f,'� fr property. I have executed the copy of the letter transmitted to me but have made certain g ,► �� '' stipulations thereon as noted below: � try "`*y� • a t � k �f' !r. We need to clarify this stipulation by indicating to you that the task time schedule attached to our letter of December 1, 1987 must be adhered to. 3, the facilities agreed in the purchase of Mr. ,Terry s property to allow him'to rent back .A� ac lities from the Agency on a month to month basis at our option. ,• 1, T•` 4 .t i't!. 4.c The first $25,000 deposit was to be a refunded when the agreemebt terminated or when the Agency and developer entered into a DDA. However, g Y P the deposit � �• rxfj ,SAS r:. fug,yY f. N was to be reduced b actuai Agency costs incurred b the Agency for staff time, �¢ a� feasibility studies, and legal fees related to the negotiation and preparation of the DDA. In our estim-tion, clue to the protracted negotiations, the entire r}►41 7� � posit.has been expended. Tha second $ZS,AG(t was anon -refundable amount as per the attached minutes. y With those stipulations and clarificatlons, I have accepted and agreed to your letter. of �i t •l tr. r ►, t Realty Corporation in the design, pprov 1 and construction naf the Phase II Main -Pier B Y I Development. �rf" Sincerely, i rt -' r (r{ � � �, ie •�F�� ``. r 1 i t}rti5q r '.' Paul .'Cook City � ��,�;; akfa ►' ,;,, •� , , . is Administrator � i ,S • _ I PEC:GG: jr ", ✓ (9694d) , , Telephone (714) 536.5202 t •'r >.1 r'l ki ♦l , K' -, .... - � +....w•.+•+.r.nana++mow ,t ,' t , �k• Fl ,.•�S , , t ,.-r ..: .,, ♦rt..r.w+.-•►..r,-nww.+.w..s ►.wt•r:•z2tr tt i-i t f t� 7 I .� ! �T 7 -1 •s rk'•+-- { r� ! i• z fn, S,y. } r Y•-.�1. ,,1 i�. ,"� '.'. .,' ` r:r fi , kr F r� ?• 7'� j•��`f kt� 5�� t:• t t r tt t{ ,Y4i s 1•• - I �-y , i, 'T f 1 • x `Td..zv%�,t :, �+Yf; ; T •,�{, ', I ' r Ili =; ry art • :• •("I' L � f '�t.e :Yy C'� rk �' ., .. ::, .. r r S "�, , ,,.,�.,I ,.11 •'Sf' ` ;, t 'S ti 4 T f cl"`F x tY�rp� ,1 jr rC tV;M '11'�F; r t k rt+t �Taf�r ` C� r`3 ^t•+'�' a n �,, it - � ts..� 14 , ri •r ti,�" '; 1 '`,f�{kr r��y it f f:', T+ �• � 1, �' k rr; ' r .. � � t l Ir�l ��' r yy ��Ir t•t•�" t ,`}it ` }�, , t r ;• ti 1 + r s s =. 1 t�`i't ,rs�fr•`' ``::3� 1;, ,' " , t:'=•tf ;} 't1`. :,tt'� r !`t •'� 'tom 1 f t r�s � It • " t �` � t iv 4 : r 1 o a t , ( `.' �•,1'', � ,.. ,, � rr r r' r. 1" /i, .k% �'•rr c. l•, 'si '' I:r •+}.r. :: ', ., :1 .• ...,f. r0-. N •.: .i ... �., _,C., �. ..•. , a..:r .. .., 7,r; .` , .y. r,- i,i• �!, T'.. 1i"vt.��}r a.},�':f •./ :f'� S`' • �(: ., { _,, ..1.•.•.,.,t.al..Y .... { .<-r.r q. .tt:_ ., ,',.I / ).� l' 'k :r, a. / r.. 'J, �'trr y, , ;i: '. ',;+1..(.=!l.'.L .r;, ..t,'.� .:,%.. ...,, ;; .., _. /. � '.:5r t r .Lr ;,!ti, r 'rstir,'/+`�y•� "Z �z�i� l.:'::s., S:.i,., ,y ,, ,. -,ti '•, r+ :r r. -;.. ;.�,; .,,L..- - ti• ..:t�,'1 i., i 'a:' p.J��, ,r,r� Y•'�t:.k {r' •. y. a .4 � ', :L � . r ` ., ,1 �• !, .t` � ,f��.rr t �: a']4��' �j. Ill i i • 7. �i 1 � T'J,✓; J+ } ` f ,l A f r ,7 r _ � �„• di .: j,�/.•.t'j, t' J f 1j, h ,[ - 1r ...o� t 1 r .,• 1 • t d� >< 3 r r•r• , . t r } ; e , r t ,^ 4 �� -, , i?Y y. 1 � r 1 , r .(Y�t �"�,,>�%'•.- •�. ,�i 1(,. r +r , ' t 'S �,y ''ct -:. ,, ,J -i� i,f ,. ,, r.- L ;r�-•�-lr J�..; e, •t try% . r 4 ,. ". ��J s ,� ',;{ ?i r . .�.•• r ), I1 . e1 t c � ! r 4 4 ,. .+ •aYj �. , ;y ".. ' �r �l,• _ � !! + ., r �^�,'�1 •�:. L. ,� !� r 4 a'� J `^1f 1j � a tt� �#A ' � i T�JF'e� ,y�✓6 �y t,+a. ". .� , r , ` ., r ' ` ' �•� 1/, t 4 ` of is/ i, �. 0,.t n ti 3 ��t j, ,c f � f t� lij � j f f art ri�r .: �r� � s f•y� { / ^- r .,J�,� �,, _ ��l 1 �� .. ��,., (:,% 1 r byr •Ja ' 1 j\ tip' t t' a, ��: i �� f��i ,. , {� r>�• t� 1'•*`i,yf 3,{ i-1 � '1 r `r 1, t 'r r ( `� >. 1� i 1 y:t ;.yp• I s 4r�M �yf � tl , y +, t, ., _, t r � 1 ,J _ •. , � • � `p ,,r - p ty,'lKf r {fit Ti�rrt ly,,�i t. r1i' f t Y.rz T 1 !' f /T Ys�} t'x L 'r •, r � e 'r,, f � � ''' J,! I . lS ^ `-, 'J r { Y t` 1 : f 1 ; ! y' �, � 4 1' •.,i' t• rK }. .. '�.. f ,.. S J' a,, 1-.^ :. Jt � {•� i 1}•' i f ,.r '• 1 1 s AIN #% i3 tJr �J1-J ,,^'•i �, r J3 r (!,, , j4 IV17 1 r , I II, i�i)tf{°rti-' !1 i 4 '� ft:•�, i : t .• I w'wawmt Pa gu lU - Counci l fti t� - 5/4 /87 C + r ,Discussion was 'held bgtwGen Council/Agency, stj , Mr. Kane and the City Attorney regarding Redondo Circle. Ai.seusaioywas held bekwera Council and 1l": ctaf.f regarding including Southwest Quilte - roducts in the. Disposition and "- .' _: Development Agreement. A motion was made by Erskine, secony 4 by Mays, to approve the Giaposi tiou and Development Agreement subject to he adoption of a Negative Declaration end rexpungment of the lis pendens. allowing discussioa, the motion was 'withdrawn. , A motion war made by Era e, seconded by b'inley, to continue coclaidexation of -� the proposed gale of r Sl property located on the south eiCs of Tulberk Avenue a� is It. ," between Kavacc Circe nd Radondo Circle to June i, 1987. The motion carried ,3IV ri � by th. following r1611 call vote AYF5+ W ncllr.lt, Mays, Finley, Kelly, Erskiric, Green, Danrti�ttet: vf�1 rz t{' It NOES: one t All S kN'L/ M o Ire: CttARI.ES R1VF.R PROPERTIES b GRIFFIN REALTY CORPORATION - APPROYFrD -` MAIN PIER ' a `}t1 ^` •' .,Sy` J PRASE IX PROJECT �Er s ql imunication from the De e 1he City C14rk/C_. rk presented a cotputy 'City Adtaliti- �•, stracor/Redevelopment reporting an the Clain Pier Phase II Project: t4atet'!al and attacluaents oil file in the City Clerk's Office for, review:. Atta'ch6e:nt '1 Negotiatiqn Agreement. - Main Pier - Phase U;'Attachment 2 Not ce. of Court Action; Attachment 3 - Letters frou{ Critfin Realty and Charles Rivar'*Group. A _ 1; `;'{ ;' communication .from the City Administrator to the City Council dated May 4, •j 1987 :egardiiig the matter 11at1 been provided to Council. 2'he Deputy city Administrator/Redevelopment presented a staff 'report. 4,qA, ��.�1��,, � t��(ft',k �• ', �,. 'i'ora Tincher ret'erre{i to a letter rtl[:eiv\'a by the City from Charles ►river Proi1- '.+' 1_rties Criffitl Realty Corporation datedApril 17, 1987 outlining their posi-- ' tion and making, comiaents in re;,ard to the Watt, Smith & Associates', Inc. _ 1 efforts related to the same projrct. Aftcr reading from page two of the let- tAssociates Inc. have been in the best interer>is of the City, the Redevelop - Inc. - ter r. Tincher staled that he believed that efforts made b watts, Sm_tlr yy` , ' P- "� ment Agency and he property owners concerned. 1t1 � t' Discussion Was held between Council/Agency and staff regarding a good -faith f ',r deposit. t ��f Richard Harlow, repre:;entinb the Charles River Yrooerties ana Griffin Realty Corporation reviewed the schedule outlined in the RCA dated May It, 1987 and stated the schedule could be met by June 6, i�Jls7. 1987 date for meeting points A-J and piscuss ion was held regarding a June: , 8, g p 1 \ " r�rl".'qr h {iV,'r �`St►'�� us, tilt' cod -faith deposit tieing non-refundable. t: -"{rfC. t= A motion was made by Erskine, seconded by Mays,. to accept, Charles River Pro;.- ;.` ert lei u�u1 Griffin Realty Corpocatt iutl pursuant to their letter of April 17, { 1 1987, rind revised schedule of actions dated April 2), 1987, as elaborated on in crle previous discussion, with development conditions A-J, as set forth in the analysis of this report.; and require that a twenty-five thousand dollar (V25,00U) - n-refund ble good de},osit be received by the Agency for F'ridav, May 8, 1987. 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Y ,.G• at ri:'I' u?i. .{,,. t h jal:: 44 [ .1i'.: a , '+' 1 'f! 1„ ,, r ;j1:: • ,[ 7 _ }: Il� +� ! 7, , ,...,� /G :� i.,,r1 .: n ,.: . �,' . v 1 L�; i , 1. r r4 f ,.' rr i' •tf r;f'l_' r'.'� +1 {l.a , {{ , r.l. IS. Js..lj .;a,w„- ..:,:.,,•.- r, ,.,, .,- ,.. .t '1' `v `if /n�' 1 rjri i. a..,., . ...:r ... ... ,f Sl". .: tl r.J 1. �... •.,- .... 1 ,, ,;' .,... .>�. . .i ;}t ;. ..�.� fl '' i :1,'�., ;.,, .• ,,: ^rr, r ,, „ .,, '., .. .. r .. tr ! '� f �r t� '1, `rka l ;;;11,•S i .r�u jj ^ �.:-�1 ,1 ' , .y 1�. . f Y. 4 .: y {, i'. � 1. ,. ., 1 i •. - ,• :.. ,sue t �' sr,'y.,'1}��1t(J,��(,� `y/, /, �J -t.-f- t ,l. i�•� r.,.- z _; �`i r ,1 , ,`l�al�l � T�t'+ Rr -•.}�; i'�� i• �t yV; iJi „t✓'„l 'rt,`, 1.1 'fit} '; •:'r ., ''p^ja?�1� 1 • .l , r !.= t 1 , •�. , t Jlt '/i` _ ,t_. 1 fr 1 s ' r (' r<'.'�i♦�I/tl l.fyt �. '�,.�2 ♦ �r'•i .,t /' }�„� -r. Jl.' .� !r{:: rE,r ! ' ♦ jf;`I rrll.:I�y?�' tii •.11' ti C�"r li:' � J-.�• L� T,'),.' ., ,r'• • .., ., -- •�Lr' J. t' j'. ).-' 'rF .�•IS j r,F 'r `! '7�.. i{ 1'�r';•-a �4lt fir' Orr' ! tt" '� r .e t, 1, ' ,i 'Y1 1 i'+t'• •� ' 71 xt lei �- ' '4 , M 41 �s{j{, ":. ,.,.W �', !i _ ! SX�.�'- r� -''F . � � t r h ! It _ ! .� f // i t ♦ t r'l% Yr+j �1 r1 , ! �,:e' e • �yl'nt'a1 r�::,tl}l..• t ti•i{r - ; , f , ! :. -,t' t , ,�t" Y1 '., '�, h! , r l�iCs �It.:' •, ,{1 3 ft. • i r.t .• y ! , �r't i r t -tKt 1 �`cl+t�^ 1 ;{ 0t 1 i��. C � , rr:.rll . j.. it i ,r�' •'-. , C i:S1�. ' � t 7'! tTi" S t'{ 1'o r •�: F� r {.y,! it� v `.. ��t'�:�� ') 1' yri tI < f} 1(.;''' Grsj .t 'lt lk a ..+ , 1. } r; 1 �j, n�, } "! y, i t J'it `• f�j. ti `x l t,�� r +►�y,{�',=r<T rr �t,•Ai nl,;�� ! r F� r..ti r Cli ! , `' si, , r , + f tr tr ..-a ., i f{%� j.,'�Iri� � tld� y t t r• r , r •/j �4 1' r�' r5,:!��"r 1� 7 'n�'t .. 'l. J 1' t / J zi t• ,fi. pp n t {I' y i ,. J , i't ` w Cy t ry rr rr". api%ir, Alt. tiJ �i•141, ,) �..r�rr t'• RJ.ir-i 1 I ` Ir15 ! t !,'}{ �',.1• t :r .ft !A f!'' ' ti '.,F! f r,r•,�j�f�.�S,f-,�,' S y '(} i-. 14.'' �. 'j It*'�•+ r q.: �� yt t ,11.:. 1 A:+;t { i• i '�7 r r r I !t�= ' 2 K 1., t ! j' y}Ml riw lia �,,',f S' Jlr 1jjr i ti , F 'tuft ti ttu. j ;r Lt �' r 'f Pp ,. !t t 1 , r •�t i+ '! rk i '.. ' ,`t, r A% r , t . E �% ,}•`•, ,�,_Y Its I.' 'iaowsreorX am M - -0 , ••IliaBe 11 - Cqupcil Mi :,i. .5/4/87 11 • C)' �" / AY£SI Winchell, Nays, Finley,, Kelly, Erskine, Green • 1 t NOES: Bannister ABSENT: None ADJOUVWENT ;� 1} ra .: r �� : jwiri•l.,. The Ch rma B $ P p Agency Co n adjourned tltc regular taeetin of thn ,edeveto aent A enc ; `' xl •� ?� r y . 900•a,m , Friday, May 15, 1987 at the Huntington Beach Inn. 1tt , j, art a`11 RESOLUTION 0- 5768' - ADOPTED r ; TED 'r• C.ANt] USE 3rLF.lIENT 'AMENDMENT 87-18 -- ENVIRONHF.N- 'r + �� iOWIC Ti _ .ING C 1 AIa P C �- B A F.R B Lrind Use Ele nt Amendment 87-ID and Environmental Impact Report 87-18, land Use Element ndment 87-111 is t,n nwendwent to the General Plan which covers ttic Following i oc#s ; �• ,�,,,-4- The Director of evelopment Services prevented u staff report. 1� ��c 'Discussion was h d:' regarding mixed use development and ''ttie development of a j`tr $1, r'ti� ?y}��}#�i�t�rf; specific plan for 1 four corners. .� �� , r Area' 2. 6 - 's/e Warn � r e/o ,Beach - a request t b _ I t Y r ,! y y the Hdntington beach Rede- ri i' • rh�r�< ve o went , Agency. to a esi nate 415 acres of property located on the south z�� P$ �. ' h',J! +�t7f3 �`�• side of Warner Avenue 200 Feet east of Fleacti Boulevard (betweeli ��A" and "ji" r7: 7 � \ Z.4s ;`+�Y�t'►- '� R Yr �ti Streets) from liedium I) Hairy Itesidrtttial to General Commercial 71tieproperty�tO is .located within the p posed Bach Boulevard Corridor Project Area. �1�Yr} rtrt�t`l r1 nation was m�ide b Wi chell seconded b• Green, to approve Ec►vironmental �Gt r�i oi', tA': rj Y , n pP � {tf Impact Report 87-18'and '.t approve retention of,medium density residential on '��.4J^� ti,�n� , ^`6. The laoticin Carrk d by the following roll call streN vote:- "►r a i}r�,. Area 2 , ��'s g.� � ` AYES; Winchcll,. Ilays, Fi ley, Erskine, Green b ,'�• r 1; , , 'tr► kOES Kelly, Bannister I t a, v %;,'�Sj• ^l� #, ti, j 'j AS5E hfi . hone -.'I 'F �l, a + :h =, a rc best b the Huntin ton Dea r r v r� ,_ r f y , �� Area 217 "n, s ' Warae r e/o Ben.. q Y d ch ,; 6 devel- opment Agency to redesignate 20. 0 acres located on the north side of Warner s� � t +�E`-: t=� r Avenue' 500 test east of Beach Bo levard from Low-Den�it Residential to ;lixed J M'J'r.c .at'. t fc. : y IV-r-r�, �t, t Development. The site is present rwned b the Oceanview School District and `t'y % ` ' 'r} rt' Y , is located within the proposed Bean i Boulevard Cot:ridor, Project Area. h motion Oats made,by Winchell secon ed by Finley, to direct staff to approve lN `; �` J Environmental life ct Rei art '87-1H a o a21. ( p t approve renesidnatlon of Area Ic.7' tut'Nxed Development. The motion ca ried by the following roll ` call straw �,; �r Ir .'�1rK'iu;' ,r��•�'if� t� .' VUta!: ,r (�. 'r%rl !+ (Ykl` 1;,-;,47 h,t.� J�! � •. :r: ., : ', `'- ' �i jy4� 1 Y�. AYFS Wincliell, Mays, Finley, Erskine green, Uae1nlster `° Y+•' hS: Kelly ABSENT: None a ` •ytt r, ' �`,l� �t�,f,�1 : gilts ' M, ' •, , Tht-',Clt Clerk trestitted'';esolution No. j Y 1 t 57 for Council,conaid�rrktian - "A RESOLUTION OF THC CITY' COUNCIL OF THE CITY 0 HUNTINGTON BEACH APPROYLNG LAND �" r USE ELEMENT AMENDMENT TO T1iE CENFRAL PIAN 87-1 •• , ,,��Jr •�. 'r i �r .... vri .' , J a '"Al 1 •� f� I t, • l,; t t .d'r't� , i n!• '\ .,. � L Zi,J t fr. :t, s' ! .'a, t ,t: :;,� , t�:r r 'ti:i• 1',�i ;'riot . wt l � i,(1,r1 Jr .` tlr . �l..rr ,.�yj 1tl !,' ;J t+ a , .,t r�eu , !�• r .' `i ill' :ai 'X J .. .. _ i ,i , Il ;,, f• • .. � 1 �Rr .! •.:.( ,�t. .�. .• :ti .! _: Jr., ,. '.i3L 1} 1,, r �. ,•, 1f i # H � tt •,y .d L .•, •;'r+{ t : .•+ It a 1 +,. ,',L<;r. ,. :.,,.- ;ir t41 - r j' •tl,r rki �' P/. :n. y' • / ,y -}.,r ) •'( tl�Lt{,".ti'4A1, ,�:?'';: n }I,. <..t. ,.,, r._.._ �.. "f i;ir _ 'ram (i"':1. 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'+ ./: 1 l' �i , l,vl.�.• /:i„- + ...0•e. ,-, �:,, .•^.-.,.. 1: • fit. ,:):� - " �,'`• ,'r:'. �fl + •,�Tn , a ! :Q 7'6: rj � �(1 %'I,'�►Pt 1. 'Ir /1� •,- I 'i }��; J �'- 1 , " 7 f r r r ra S .. •rr. 1. a, r. •r::. �� 7 ,. 1y. 'f` ..� r'.. - t �•+Tfi• 'i •1 j'!r _�: ��J.l�1l.Yl.d ! yy f ' J , 2 8 24 March 1908 , !�Ir.R — I 's 1 �,i ��•, • , , :,,, F 7�17., nlrcl..rlC , . t I,Y C f L�� '', iii 7' Mr. Paul -Cook, 1,^?'��i1 AT'•r'�' 1 �• _?�` City Administrator City of Huntington Beach 2000 MainStreet Huntington Beach,'' iCalifornia 92.648 Re: M�n''Pie�� err Huntington Beach Califgrnta ~'Dear' Paul I Based upon the general ; encouragemaiit or our,.. 1; latest 'proposal which �,,��•s,: r®ceived at the recent ;?Ma'kor I is Downtown,;; DevelopmAnt`' ' �;lt C0 rMi �.cs�6JiAsetit'I and it the .y ' � suggestion,or-.,.your staff,:.; Griffin c sti r r.i Realt}.; vorq,oration 'would like to formally request , a 12 ,month extension of our "Exclusive Right to Negotiate,, which, ;pursuant ' to your letter to me of 18 December 1987, , will (technically) expire on 19 ,April 19ae . t The reasons' and rationale for granting this extension are a6 . follows: 17 1. The bite , iiisemblage' process as is, as you know, quite ?` difficult and as <, euch,11• .will almost: cartainl take yJ �, y another 6--9 montihe ::to `complete. ,We are very`'encoura4ad by., the .. Cit , ` task but .a ' wii].ingiiess ;�to take � over;ythi® .arduous ' Y Y !. , Gven'`with a concerted effort b the Counoil and Agency .: jtaff, the aiL•e .consolidation will take ,M`'+ time, ' particularly if Eminent Domain action is `ultimately r' quired . 2 Tha ,, management'`off the „Main Street Propert ownars�' �J't C1 group Y rou of4. .F ,1 icehat•: complex . ' � r 7 lesunA to a lve andi� will al,Eso� re � ire�sevdral months S to work`'~�....augh; completely. Qnce;�again,;:,the <� role 'in•. com Yi~ef up�,' •with air ,acoeptable devolo pm .. P. �, Plan .' .. acif16a11 '46"termining building ,� configurations, densities .:and�'allawable uses as well aIa ; qualifyihq` each yy ! �. ,ovnerw a tieipant11 ' `in tarots;' or their . respective 1 "owns p r i. cial`where=withell to finance. new 'Construction), cannot be overstated. ' Even , with 'the addition of your new "special consultant", it will take a minimum of 3-4 Ir months. GRIFFIN REALTY CORPORATION GRIT HS to%k I.R o • : IU t74)% i P. i NI: !181\ 1; tq,a �jT f� 7 I, •�';rA..LV�,r '�r(�tl✓`'��ir 1, j 1•,t Fr�t,, i .rr yr.`I^ ,�t`,, - i rOL'TVCP.[+t ��,}'.�i.{i f:ft% 1>'jS 'iaif •�' :.� t 'tl• '�. �. t y r. ,.il _ •"�, ' y f C�. 1 !)t• r :} ,ft_ ,.)j� t ,., rt t9 �^ ♦.. �, > ,J •f 's•.1��. 1, t" ! r ,:i`al.: �. 'i.�. 1 .jfF '4 3 rtS• 1. v • P ��v.+.,a,,•j Slr.l. t l� `1n.[L"�/�€.��••1. ...� `1I�. `' 1, ` % 1 1 ! :1 _ ! 1 ,'1� '�L I 1 1) ir' V, PI� •� I' 7'^f. i�'� 1 't �'. ri Y I l r i'V S{ t t 1 1 r ,` � ,) (.� 1.. i i'`^I r// i f i ��i• 1^ J`".`':�. �.l'•�1L{{,+ §h 'r t. l 2 1 S f� l i. 1 ` fl! ..:ti , ' f., •.t t 1 Jr y^ ' S:+. � �Jl�i' 4' ' y.,1 ![�. •�1}`��yr., ''�;i!=1��1 J. 1:��`ziit �:r• �,1 n,�r%� r r r r1 +'1r7 13� �7 .t":71 ( L �st �i �(�lt}� ;7'�r... �,1 -C.�f�� ',.. tr 'j '�f�-. k�'wf}r'i �1..� n?r 1+�J�;'..1, 1i '. 1j ai a'S �r ,t , r •,7 " r1 + •:.il � •+S f. , f, j 1�.. fu '. t. �V� 51, •t °'�J :`•:S+"''•{. '' .; l�^.2S7 �j!•r i��-•1�-. .r li\ill.,,: ,A 11, ..,: +i r .'. r ti.: �.,, {•.?+}=i+;• . 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'f3 f-•;- t 11 q at •i ,, 1 , , f �.%.S • ,,}t • +p1� f } a} . a „ y { t S i • 1 d r r Y / l f s f f , � r.'• + , t' �f •� t4 '�� t '.1 }•?;' fk 1, r' �> r t ;':. ,' •,+: � r {t ' 7 `,It � r! tt� ' t'• f 7 ti r�';iy k� ii ,� �. ,:. ��r ��,{{�,}}'r� (,t tr ,�'`� �'�',':• ':.ii��r .n +N, ;� i . e �� !: .1 i • t +i• :'r i IC. 1 .ls. t r 1,�,,:�1 SlR,l��lj�! ! {� �fi,�• �1. �'! ,i. r.i�.,,•'174r,i ,.�.r,'� ,'{7 ,i..i j? _ r `�' iQl' r p `'; ,rt�, 7 rj t � tit _ L f.�i: .4 Tr �.'� f S'IiC'�. ,L• � ��.�.! ,,i1 ,r.r ,�.� l' t !'l.ly'j f1'' r z 1 l f f' ." t °S' 1 11. ' !,�i41 r�" " 44 rn�Yi•! /'� 1{.'itl �'t :.'• }1�1:y i. �..`•l � }` ( t t ,� :t,' t, �� \ �� r 1� I' r , !,!7 ;, r •... t�:•IY:,. r ,>��1 `' '7. �Zr. �}F�Si t.C+ r=1.'.I r1t Y.'',+l ry.. _, t ... .:`;! r •1:.}i 1.., , � ... � ? .l, r'1 r trl. �, r.1 ti , � � �}r. ,. [t�.t��+.�: r,, lr r' �.C. �J It -1' Ir1 ..,j .:il ,� � t ,l \tea , •i. r ♦• ;r rlT,\ .,f {f':l �`1 ,}'. I gl! _ •Y 'I.j tt`IA.S� ti,i t 1.. 11�}r r r ,, •i, •.l,f l 1 l•f ••nr .� ! r .! i i+.'f ,'rI�!"T �t I�: to t r 1 'i;•�1)�jy� .ts�.iS�S �•St Sr.�,:+ ,ti. i, j �T"t• l � , tI fora s�`i 1 ,'t,' }.JrJ� f��'.� 53: i 1�:J�a• f�yl ._r f.•fji lr.t.1+N !••,;!y � ;}..t!•r ,j '{ r !. S '. -. •'"`_�: r' t/' tri, ,ub 7',{ .r;ir .,,,;1 `I I .r,r 7 �I.ar 1!te."t I ,, �•1yYl ti f t 1 + ! �} i �.'r f11: •.j1. 1 [ 'r}! '.�Ay) :� + .j7�raj+ ,l, �t, ,r '� t.'+ r :'fit i ifs {rf.. •r�i �'ii�l% ei�'t d' `ti, f.j: +ii �l •-', •.S. a ,• l ` -,..: ,1' 7r ,, ,ii 71 C1�+�S ��•"y 1 r I + i i t t ,l - r '�-; f , r •r t .;4{ !j} { ti!,r�yr,'r! }�i'' ili t S if �; ! ,r' t,l. , ... ,,:' � � t t 1 .: �" • l i, J ,t Mr Paul Cook -,24 March 1986 Page TWO 3. Sa t sfact6ry resolution of �the Wo=ehy.property would, on,,''.th#A face of it, to be, latively ..straight forward. and yet', in 'the' 2 1/2 years since'welvs been 'involved -,with this Project,, it has yet to -,be resolved. he , Agency must ',make . a decimion'.,;--,and tA 'Aga ... I,-, ` t �e, apjpro�riata'-, ,action b finalize , ' 1., n before t4a can our ;architectural, solution. , Hopsfullyilf. this issue can b's 1� put, to bid 'Within 1-2 months, of the oil s ora",goa ong with the, A. coniffialidatic'nV t , tanks Ifith of ,.',,the.;4.rojict afte',lirea muit,&lso be, �'Specif icall 'I,' the Tharp"i,','Conley and,,, Chilat is': - propart ies. .;'nre affected-, And, :-07 �.,, j) - III— , . I I thel,.,,City must ostep'.,An',t ' determ nis 'the :valu'a',.., of `iek negotiationa Vith En 'i:cjy 13 'Mot a complete . . . . . . . . . . . . . . . ......... DGV616pmant corobiation (the Lessee), as -part of its aPPraj sal and ovora11,., site ass,O�blaa effort. of' i finalizingComig negotiations wipthletion the Lossen s should take nonths. h AS YPU C, rs,js , �.,,r�uchto be done by..the,.,;C t bifcrft._�G ".see 6 Y. can:'execuis A� 6DA with :the',�, Ayiency.,• in the interim ve,�meat 1 'to with� Statf in,' -f ino-tufiitig :our ., Develo continuo' work con Concept,,and' .are prepared to proceed :,with',construction 45 quickliy as the City'.qin complete the a,fo�:emontiohed tasks. We respedtiuil:Y ask that 'you presernt,.,,our raquest''for an ekLensicil ..to th*yCouncil at'their nesting on.28 March 1988 and loo'k forward. to continijing to work together to make this projoct'ft reality.- Wiih kind regards, f3p.1prim',IZALTY, CORPOR)LTION./ CHARLES, 4XVIR -'-PROPEFTXEO a co-venturs, ow L. Witte Principal HLW/fnb xc: All Council Xembe'r*n Mi"W1 K ..!491t7 iT 41 -�', I iV"I �. i .�1 4 ,,; Y}': (7'r '7 -' t1 72.. 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S,7/ r• r i1! t. .' a _ t�., Y. 4y M C,,,75'f(', 'Jr��jf •r' Z /J'�i -' i ��.,- , �i f ;J' ! ).',ra(1 • r '.•'�t1 I'it,a� ;'J'.t/S.. rr •,�`;' :rr :( + ..i �� ,i .- r}.:; i-,r( 1 f f" i 1 , / I 'f• .f.r} Z' ••'t.r!( ! 3."f ,7} u. i f 1 i l � S ;4.�£{ ir, j!hjfy? C!!i N�,r`d-#fs �.Ij �.%� erL !I 5 •I -I'r L{r 'si 'I: �f/ 11 ! ;, .r+ ;t �.. 1. ity7,1 f(t4tiSi :3.i4♦ I ` ✓.. F�1• -'l' i��f 1 '3:i'fr: � ,f t�t.ry r''S�. �Jr � r; �i.�j�r�-I� IS r, S N.. �, "' t', r: 1.5. '�l�f r•.{��lf ,1 :_� ,:1 /�; .,7r :):+. j�{,'�f. ,tt l�i.ry. ��,� ,�'l.1rr;• , ,.< pfj„'�Ji N.. �'� !4!•':.,:. ,.� t 51 �,'S 1 tl'i•.1 I.1 � r,`•t, �. ..d •/.iiJ _r. 'Jr 1�•;.-+�:�Lst'i' 'i�i• ^•T, _ l�+�yi.�'�a�1.� } r< ' Ir ��Gy�, !� � '.�''(fllJ` :i,y,� �� - ,l y t! 't i to 1 '�' ,7 ,,,, � •�", �t, +Jf ��i{• '('�i?' 'f. ; 6,.ar S''3F.� yr r 3� r�r ilt l,►,d,r 1 /•. ,: � Y{i i fS C+': y;'iljr •Crr _r�� ,'�il#.h t ":f� "1C•t t` Y i(=l`1 s S` '?. , ♦:" \ 1; ) 1 1 : , r .,1 ,j '! ' 1 1 , 1 �.'. 1 , r?,, �Y11 ��. ,II',. .i4� • ♦ �''�t;� il`�IIR s. (J 4�•(( III; ..�' tl� l r' 1..-t 'i ,,�•nA 1 ��,,''� I V , �)�•:[ ,r�fRi r♦1j�-,�F!<�['6Y ;ii.� r.1l�"�,� _ •4y tt'1�.`'/ L>Ilr�iil�f{•u ({1/' .,, 'i�• '/i .I�'.•r �{ •jJ r��:' •,.f' ,il ��✓!:'�•..i('f ;!'�' •Irr ,i',!• i ti. e ff • '�.,�� ,}, ',� ,, �r� t.t,• ( )i �♦1 = 1 t�71 „ti 'it� i{,� ,, I. .Ir: �.,+,+., 's. ,� :,s.; ,�' ;i,ti �t,z#,�rt ir, r. �.(}?�' 1'ir,.�-i }' 7r.. • ,1 ' t y: J 1 7 } `�. r)-,JJtJ fli 1 jl �t � ,- h 1 r; ,f �>(',v /111, , C .4" ! �' 1=tr'•%�''' 23 ��. �=f,1�� c -J 1 t•r . 'i' 1 r `hl. i •r ). rt, ,1 �Il , r��,l �l� i�' 1 ti;l. ,`, k 9 r REQUEST 'FQ' ED r A tt �NCY ACT ON Al ROVED BY C117Y COUNCI I RH 89-59 ' July s, 1909 F4R1 Date CM5 V. &•" t� ; i,;r �, �ubmittad to: Honorable Mayor and City Council Members ;�fLLLLLL 1+,3�; `fi�{r Submitted by: Paul E, Couk,'City Admlaistrato 4491 Prepared by: ' Douglas N. La Belle, Deputy City Administrator/Economic Developme i TU.,I ';>a : Subj,ct: REVIEW AND APPROVAL OF AMAIN -PIER PHASE 11 DEVELOPMENT CONCEPTAND IMPLEMENTATION PLAN AND RELATED ACTIONS r y tit+', Consistent with Council Policy?, pQ Yet (] New Policy or E�cception ' _ Otaterrwnt of luuo, ijecimmendatlon, Analysis, Funding puree, Alternative Action:, Attachments:Vol ; 1ik*� Y I�' {�il•�i��t�S�T •�� i' ' I UC STAT hZiN1 OF I ram, h 1 , w`, kJl, �drTt. ri Ont.�Vi[l 1 t . r �i:. t z .� �� 1 l Y 5 �iF,'r,FF t�i;j ,� t Kr r !fib fit ar a uv�p•l!I,ti -�, tr �,.i` � y he�Agency approved a series of recommendations which�are summarized iut ore full described in a staff re rt dated Ma 1 1989 Attachment A ' fdllaws and m ( ) � n �t7r:tt` T r''1' ifr rt d ,.` •• �7rfa�c ttt'r:?rt� LL, Ft; �•1 , 1. Approve the conceptual development plan, subject to'any altenlative developments plans which may be submitted within the next thirty (30) days by property owners' within the proposed development site; 2. Invite property owners within the subject site to submit alternative development proposals; s, Retain the existing sixty (60) foot right-of-way on Walnut, between Main and Sixth Streets; and 4. Terminate'the Redevelopment Agency's Negotiation Agre•2ment with Griffin/Related Properties „and certain Main Street Property Owners. The termination of the Negotiation Agreement was necessary because rN the paea to the Agreement:.were unable. to reach consensus on a common development plan. Subsequent to termination of the;Agreement, property.oi inners and Griffin/Related Properties (G/RP) were invited to submit •alternative proposals (see Attachment B). The'alternativerdevelopment proposals submitted by the property owners 6d 0/11P (Attachments C & D) have been reviewed by staff and consultants. The following recommendations are'the result of that review. RECOMMENj)ATION: y: 1. Approve for purposes ofnegotiation; the staff recommended development concept (site plan � Attachment G) which modifies the'development concept (site plan) proposed by owners'(At.achment F) for the block between Sth and Main, Walnut and PCH (owner participation block) as follows: ,t��ib F � C;�,ttititf[� • il� X�h If tKt f vW rrk4 �Tt4A 3i7rtN;tf,+ •` �%il, l i p "a4 t,1711'1r.51 "rr'i'*',, ,. ! t:t'rtM J4. Lta1f +, ', .., '; ., r: i':. t' v, +• ,,,, r: i• '.1,., .al.. 1. "Ij i. ;jpA (�1 4t +tiY 'f};Y,' �I•.:' '1 i1:,') h 'I� S 1\''�'. ...'':-': '. , 7,,a .—till t ,�((, =,µ •li '(} r �, :a7 It^ r. .�t lit ' '4h.:♦7 11 7 �y, , .T. �,.., ►•r',(t,1..1'.♦•.:.,.,.:.- ',11.•:.,.. r• t .;�_ .�(.)ra ,r, : .}h.ri.,. „.,-✓ ilt-. .,,.. 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I'fa'r.+:..,: ..r-, ,)y'�r '-�: ..•+� ..< 'r�r :•:.H4."., ', ','t ., t..• _ . /i 5.15 .IN' tl C j �) t �� ''t 4Tt_1,. ^` ,li � �';,,''.1L\ U . 1, .t. i, ;r. •' ii. s' _, }� % '� ''+' t ', ,p, l� '1,.;':( 1",`�J , , c .. ,- i . s .f.. s. f' �� :)� .j• N firt4 Jt _ It••. 47 Sr} ! . .. , S.• it , , t: S Y 7i s ! jJ t : 1'f •i',i' !_i::l i•J'' 1� , tt '' ♦ r\r -a1t'� `•„ 1 5 .' 1' t - j f ,Y -6 .. I I . . I P 4e-; 40; Y, - Al I" TY fa 6, 7 ". 14"1f7l •_4 A kid. 7P It J,N-: fit It a) Revise buildh heights shown for the Pacific Coast Highway 'Iorti6n of, the project from four stories to not More than three stories, with the exception of a 2,000 54' ft. Highway; roof element at the four -'story level at the corner of main and Pacific Coast ay; and i b) Includes 'an* office/retail usa witfi'public/private parking for the Terry Buick 'M property, -t, .0 2, 'AUthOrl2e exclusive negotiations with G/RP as the 'master devel e op r for ''the opment block and the owner participation block contingent an the following: devel 21. Proviil6n.by G/ d RP of a $2 million line of credit %Wthin 30'days of the approval of a Negotiation Agreement scheduled for July 17, for use by the Agency 14 " I cy In assembling W;F property In'ifie development block; and tr b) Agreeiment"Joh,tha part roe imipf the devel6onhlcdW'canl fo�. block co'ncurrint,'with preparation of a Negotiation Asreement and final Dispcisition'and' Development Agreement, tio 3. Ap&&n the:: deal 'k destination'; of the two�-blo�k site (d6elopment b oc en d owner, participation block) as, the Main' -Pier Phise ll'comprehansive developme.' nt site for I - purposes of City/illanning Comm.sslon development review. ANALYSIS: The proposawreddivedli6ni--ii property owners and, /R'an,ar��idry6br6piriblev�lihre'q'mct A to -the the ppoaals *''p'pthres'p'ec't.totheownerpartIcIpiition block iJ..,Bi6iuib'of he,track,rec6rd, expi , I -term e lden1cl ar er ence and long 0" e.. 10" 11P.1t Is re'&,%iqended that e .'be Or involvement of G/j c selected as the m�iier� develop noni!ble ' for -preparing, 'the; tivo-bi k'- site. As m r, for two-block asi;--r devel P will be re development plans for both coordinating plans for the owner particlpailon 'block with existing owners, D4ri Y15 11 negotiate ng the'ne:kt',90 days, staff, and consu tants wl with'the master developer to I It I refine thc!'deivelbpment'conditions'for'�'the.,"residinttiI portI6 n,,, of .the -'.,project 'and 'to 'Int 'the'land �rlce'ind't6rin -'.`C66curre 'tly, we will k'' determine i n the'Orokrty owners wor , with -, pirtIcIpation block to the 1evel of'Ageticy.fl on the of to nanclal assistance to be aff6rded t plan ',develop a specific timeframe and for the developmen The , Aadtell ;reco6m6ded development. concep'r of the Teft-� Bul& vide property, pro s forL a mUt eve r6WI/Officie use with public/private of The", H6ntlhgtoh Heacb/Foiifitain Valley., Boi07 of � Realtiori has 69ressed an hiteresi1n locating W, headciuir_tirs..on_'thIs .site. Their hOeds'co' Lit of 6,000 sq.ft. of office 10.0f)o 54.ft.,6fL." ns space,'and meeting space The publid/privite pnrking will also serve cimmercial users %41thIn the owner participation block. ALTERNA M IM ACTION: concept. W.*At I. Modify0eremended development terZ. Request development proposal from alte rnative developers. 3. Defer action on a Phase 11 development plan. T W,7Tt eTr`MM x4 .Pm ,K;IF -T V 7, If,- j"V, 7 •Y", -,_7 R1 - ly" J,_ j� ','I .— 7 1 Al' Vol Al V "S ;4 As, ',�fv is 'io hi JAI. k t; ;`f7 14, ivp,A- oft. FI-11. il�. T I ' I — I b, V 01, ok to FIINIDING SOURCE: 1. Wona required as a result of this action. A6TT•ACHMENTS: eporfdifotidi May 1. 1989 (Attachment A 2.. Invitation to Su6mit alternative development proposals (Attachment B). 3. -Alidirnitive develooment proposals submitted by prope'rity owners and 'G/RP (Attachments C & D). (site plan - tach �nt E), 4. G/RP development concept At ' r;h'e S. Devolopment concept (site plan) submitted by property owners (Attachment F). Staff recommended develoOment concept (site plan —Attachment G), PEC/DLB/KBB:lp S22"Ororl P .41 z ."6 'I Fir, Is I P'j .............. .......... f. MI. Tot f —j I" Of iv �� 1, ` " -k M� _k• 4`6 N. t j is�2) K 7' . 0 l'. j't *!j I 1 di. -1 i � 1, " 4�'ii t� Act rt tA Nx, ','I 'To "-M P, 0 'N 1Ili f.J 11;0 6 " if 4�; Ak* aTx 4 :;A;o P,et f, 4 ATTACIIIiENT "A" 'ENCY A0N REQUEST F EbEVELOPMEN1 071 1,RH 89-38 APPROVED 13Y CITY COUNCIL May 1, 1999 I !I pmd A A Cfz• Submitted I I t;. Honorable Chal Members 01 Subtnitted by: Paul'6ok, Executive Director Dougla's La'Beil e�, Deputy City Administrator/Economic Developm.eii ". 71 Prepared byRO ME :REVIEW,AND A ROVALoFMAIN—PlEr..;PHASIEUDEVELO Subject: POSAL APTD RELATED ACTIONS Conslitint with Council Policy? Yii O Now Policy or Exception A dation, Analysis, Funding Source, Alternative Actions, tt'ac6lents:. ' statement of Issue, Recommen 51AUMENT OF ISS u, 1989i'Grl ffn 'Hela't'edProperties (G/RP) presented a:'d&eloprnent plan tea opme- A closure ol`,Fifth Streii,tcl pedestriah and the' ke'devel' nt, . geh4,whi6h, proposed vehibulsiviffic'".'": Due to a,n6ifib& of:concerns from community residents and pr6pg.krty, m pa3ad of .owners about, thie'hegativelm-pact 0171he Fifth stre2rc osure, a 66 ''MittkIc6n, AS' M 'd6 lo0an ency embers.Erskin6, MacAllister, and Mikii6iiueifed that G/RP e h St�edt open to edestriari'and.vehicular traffic. Alternative'pla ' n,which-vould leave Fift V • The attached plan'(Exhibit "All) Is a result of that request. REr.QNMNj2Aj1QN: '�de4opinent proposal is outlined in .the atiac"hedl.', pprove in concept the�Grliilh Exhit proposals as may Ve'. A,1iA,1!.'subject1 to revIeWi'of any nitirinative development ' e presented within the next 30 d6ys by property owners within the proposed development site (Main, Wilnut,'6th, and PCH); 2) Rpquest'developniint,*plin(s)'from property owners within the.subject site by no.1,ater Ahan. lune 1,'1989,subject to the following de'Velooment criteriar ti 6pefi tod vhicu ar afficFlftKSteiet mtrb) Thi Worthy parcel mbst be onitttn`Its'dhtIr6iy-4:. an and' g requirements hiiusiibe'met; and c) All Downtown Specif Ic P1 related. zonin �' 3) Retain the existing 60 feet right of way on Walnut Avenue be wee' 'Main Street and 6th Strect. I :.:4)- Terminate the ke'developm'ent� A�jeii6yli negotiation agreement with 'Grirfin'R61ated Properties and Main -Street Property Owners. x kik f1 ii *W6 .0 A J ."Wi, A, T., 114 1 V, 7 iq I: a 4 iv- On, I.RR �y'j{• '.r t .a =r'• -+lt�' „ ',1! .;>T::.... ..., - t .- r j ^'Yr r• ., i, �`� ��' sr r?._ r 1/•fz�;;r "r `,�`' t �.�? rl �,� ,s ,�rr 5 X ,r i,,, 11 .,.,; . ! �1.s.: tom, 'i-;, s ra nfr�! X "',A r�rS� rt.��t. s�'�'.�aa�F•f'4, J ' TiH l;�I rc /' ? r, t r. t ,t i. • Yt� r F �r }T FS {, r< t ,rYitfs•.c Vrr �:, f 1�' # !``I` tf- ,,•A r•!+ s 'y1 , l l.yt . r ', I, y7%`I �� tit Y•r! ; r t• ,r} y� } 1 r Jf ' j• r1 ( 'Fl• .! 1, ,. a wS �`'�1 1 1 C 1 ti'.,f• •S r ! 4 ' , Ir t�1 7- i .i N* tla�7 r f" ?!r yT%r} L ►;� ( 1 5 f 1 Rf'1i ? J/ ! �. tyrtii ( •� T ! x Tt �, 4 r'f ��X' �� t rll`••`�Y+� t' ��'+ ? AYr`[i�ilsrr,_:.dj+ r+ l.1 ir,_,i y J / 1.. R'�,,;•t; uY7�1 !� 1 a _ '_ �' rT'fi�y +I�• rr�. •T,f.� "t 4'� 11.1� }4. �(� s s i ,7X ''' s t t ,-, ��'':.j�C'� �. t E 1 ;j� 1i1.��t� 1 f t �:i �`�y� p?y �r' ,l. ��j Y1 LSS+ � •i C� It'l �1,? f 1 � r.Y � �t ` Ij l r '7' = t''�tlt 1 I T'! 'X'f," fs 1.1 „f� S�• `r 1�o-51 t,�ly �.Kyt .' art !' �, r+^ r'7 ry i 11�C ''l(! r \., rr�, ♦ �� 1 4. � 'F:; r4tt T yT .r � n I�: 'ts{ ,1R', iifi �/�rr �. f f ,f r �.RS E .. r .,/,� f R i a* F Li . F tir t�c^• .,�i {;�1� ✓{ s : r*r"iw f SJ 7•r� ��!t- f ! y,.r.ti4X sr'; �.+�Fl.�. �`�tlr t1 �`r/ rAJ!�i! (.:�?f•\i�r�r?"'y� 5.r!?<z�.t �:.. ZFy ��.•�tit`triV r �r � i1J•3 r�. ., � t•,� �^; � r(yif �. ;.( f r ' j Ail� l a 1,,�yl.:f l jt.+., ,.':ll 4 4t 7 {{E. 'r;t! �iY j!1•� ..�:'.�., .t; �'r ! �ef? ~ 3^t `•''J' ,�}',r.i •..t r r .,rR/t ;,. r !!Y` .r.t t ? ."(.J , ✓}r l • i i vs 3 ik, .iy' r9k .f S"✓< +.... Ii'.r` .,.r!� .I .:. d ,, 3, >,, .. c ,Fy, •� X _ "c �`'. (. �.. y,� r�:. f y .ham f A I •fCi L •'! ' ;f�.b, /F '(: +1 } Jt.( '•�'r','a �l?:� t. ,!.� rrti !!aj , j. r 'r + 1 °• r ,..4 r 4r '..� t kr'% tr 1 {r? et .fr'fa rat t,r `r? ErXJ..rr ly,t r}•1 rr �igJ�' .,Y�yaz F,: t .. r �%,'d ��/4`�'� t'?�r:.✓ 'S a'i r�r�i► ),'I,vf�1S,'�v�"rH... •�i '/�! tt?y+;w,.;�r�Ytt t,, ` tl� .�'ff+.•�� s. �' ' rir!�:iv s �fs li','S,� ` rr " .�3>•�..r.1 tYl37,r'�VIJ.�t• •{�K 0 The,alternhitive. -plan retains the basic, propose �•i;: it *+AINALYSIS- i'�' t: � �' Y '' � ` ? proposed by`the previous'plari;!.butinclt:O4y t'as`a p t'open..to pedestrian acid vehicular traffic. This ' s stiee ' wo' d be -very simiW41n a e'aratice;to the -street which serves Lido Village,in : avedtwo-way stree t woul - �• stree PA: r o al'of 176 residentlsl units which could be devrlo ed if'Fifth Street € Newport, Beach/ A t , t p 1 r r Although the 'city:would gain economic benefit of the development "of 34uhits, r, � e closed,; ,. • r, f the original plan were implemented,- the Council Committee f � a{ hasire ommendedtial app oval of the alternative plan which protects the interest of property owners and:residents on Fifth Street above Walnut. Staff and consultants concur with this t 1 • N S f•Y��<.,t�k, .oi�r�?ilt,trecommendation. , :: FI'(T,, i!!� ist ,.l :nY. r +Y� y`.i ,r •'r, t+ .r.. rt y,, Avenue°'from Mam.to�6th Street, based upoh:the alternative �r Additionall development; once tt,is recommended to, remain;at'its present right -of --way of slxtyl 0) . ev n a of 4 000 vehicles per er day a noWalnut Avenue between Mein an S maximum P traffic ulum••r� p j d 6th5treets ' 1 ' •�, fie volurne can Basil be hardled within the existing 60 feet , in the ycar:2010 ?his traf �lst; right of way. f 41 f�.' Ilr h.i .�'�%#.• ^�-'4( ✓, :k" rot•?rf e , �1. /•r7yl� ;..t • 1 i .�i•'h, !li !*1., +.Ir -, ry (,J�; Wchronological looktatithls project.'shows,that following the'solicitatlon-of'developrnent ar':F� 4 r r r _ s entered , ,'. ('t pnto wlth,tli1911oe A & M Equities inaApri lof 1986. On,May 5,' 1 7; the Agency approved`the Ov,t ,gl tiinirin of ,deyeloper rights and responsibilities.under.•,this negotiation agreement to •. t :, Griffin/RelatedYropeetles; et al.' Oh"AIihF'Ig, 1988, the Agency, extended this'original 7.�i g +.' ert Owners were signatories res to q"h3se: ]I site (the t i a retment until'July 1 1989' . numbceof roperty, owner wi:hin the P f, .t Main Street Prop y ) g the origlnai A & 11� E r�itics, et al agreement, and,thus, remain a part to the Griffin agreement. i a. \I rY ,y '! j •f' t . r t r .+�.. t �a`` 7.1 �+�ii/ it �._'(r;� ,%`••jYz..?;..;, :�},�' J,... , . �2 r_ ,r. ;i 1 ' ..J..';. 1 1 .17 '' t /r , Agency; staff..and,consultants have worked with Main Stceet_ Property'G!:�ners and G/RP for a'',number'of rnonthsin ariireffart ta,gain'consensus regarding the development plan and i• '-� ,•f' ,4i: its, itnplemetitation.IgOn Marcti'791l989 letters` were'sent b :the'A Brie ,'to all parties to '�`+ �` t the agreement requrst�ng that'ihek'ag'ree'on•a'de`velopment concept and'an x; Implementation p " � .X yX; � r.q r y. rigs were held between J / befo're;Ma 1pa F89 Y ubse uantl m ibe , t �r ribe the recommended j y lion la" o r 'r descr dtscuss,owner,par •� � ?� se develo meet - plan and'• �• ticipation opportuni • � • staff/ consultants ., RP do n v ua ro ert ,owners o ties Following the .TY„r� % g , p, 11 89, G/RP transmitted letters, to reach property, 3wnert who had ;*' ,r Xrxr� ex ressed ininterest`ln ` 1 ested lmplementatiohplans. Ca les of ,t NFr r`a anticipation out In1n sui meetin s on r r� y g e G/RP and the property owners have r, :h� �+• �� these letters are�attachco for, on theedeve ohm nt` ' ry' tr r t=' 'been;unable;to achieve rise ,, p, pi,-n?and the procc5s of _ Y 3 implementation::, For this reason,,we are recommending that the'negotiation agreement between G/RP, and certain Main Siidet Property Owners,6e terminated. - G/RP agrees ,that I\' this action should be taken at this time rather than waiting until'the current agreement " expires on 7/l/89 lt Iresent alternative dery to merit plans,owners w�it isMain-Pier Phase II area an opportunCty to '+yr p.. p ? recommended that the Agency request, iljE proposals from prnp'erty owners within the subjecCi te':by rio Iatcr than, 1, 19139. 'r; "% '' p po j following"'`development criteria. r These ro sals will be sub ect to the r t 6 Worth parcel m ann open to edestrian and ehlcular traffic. '�a" • - `�' ' ,?�, i • b The 7 Street, mast'rem yp �� ustrbe omitted in Its' ''entirely., v'• r Y a) Fifth p p c+ ,x}��• c) Walnut Avenue from Main to 6th Street willremain at its present right -of --way. d) All Downtown Specific Plan and related zoning requirements must: be met. ti Fj l7 ,c}F T��'t�`�F -,�: ' 0'4�, '• � 1F1 �J�/ y>'-'.yr� ,r r �� ' j ? -,,.�r �'�7w�► +.•:I:n+sw.+�lvlchsw�!� �.• :ty x .ry 1� tj 1 ,, f y,r .j'.VJr h • t�. !.-...!t' ff;�J + ;:.Tr s ►� )Y� 1 f ,r� r �';. ? 4zf7 r 'f' f�, ! rr j l�X , '.< 'Cl i��, .r •. , ( •4;1 f j�,Th `La'i'Tlil�•! st lv, , s , �, . 1 �r f r {:": �, , f r1i , �•� �, <. t +t .••l ,'� c•.r_• /i)r t'�o-SS ,r• Y ' w !•. 1 t7)i�r{� f tl-.•,r1 ' At• • •I 5�' l _> •. ��t l '.� ?lri. yS (. i!+� .] ip;, t5 tY,. r!'�.{, s 'r yf ! ', �trl ! 11 ,s[�,�r rc ., ('t•¢''+ ?a �i if4X , "!4' T�'`�Sf ii � t�X t�i:l.,l! 1 -:; 'l L� l?, 7r t yr, i:: r. rti t r�., ''' t '.', j, ' 7 '3 ` Y{ , r� , ti • .} IJ 'S G ��, ';i��r!_., �, , 1 ! 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' M•ti ,r�i a tiFf '(.\ ri rw f�`ti f t`•" 1�+titi.;l, +, �rl 1+ r t tt. s'j I�S*� �~ t�f: �l ��': +,tj y{,i/�+ f ��C i'�+p'' r:/-. .� �iw> lii�rl � i .��f. ,'fr+:' �F+ I r Y�tl ,Y 7'+ 'iir: l ir• if ,b,l rar+: � 1'''r • } . / 4 : i' %, , i-:�• r r i / 1 •If r`1 i t f.,11h {f F } / � � �1 L] �ci �4'+ t �1 Irr i �t '� "� f' � [ \ , rf•i "��°r , r ti : r'�,I.,�r•i%R �rf.�' C "•++• i:'Tt�'e.�, 1 }'� � ry'}Fiji � ry.,il I 2 r I f 1. i + r ,t )l�.ii ,.•�' � `�fT .�r�•+ 1_t� r t r' fll "� r. a"' " r Isals are received then ,will be rpresented to the Agency for M.Ie Once alternatiy rrp 1opo „ Y, w' The Agency ' i►ill thin be aske'd'-to 'eke'a decision be;•ween the rG/RP proposal and zany - 'alternative plan they'may be presentedx Follow ing tt%,'+Agency's `decision, negotiations : will continue with G/RP.and/ar Phase 11 property ownerts) to finalize the business teems to be Incorporated in'a final Disposition and Development Agreement. 'ALTE pTjI ACTION: a l o me tt 1 plan. . � e eve .rna iv � e iilt t if''.. h P P Fur hor mod t 1 t Y , I � , 1 • { 2) Proceed with the development plan as appi-.oved on January 30, 1999. 3) ,'Defer action on the development plan for Phase II. I, VsSQURC 1) None, required gs a result of this action. ATTAC MENTS- 1) Recommended alternative'Phase Il development plan. dated March 29, and April 12, 1989. ' 2) Letters , PEC/DLB`c)p 469Sh 1 , r t� • r 1; • r Af SerT; lr 7y ;, i1r� 1 7r�i f;•° i 'f�it�•+ rr' r t rrs, itli�r �� : ! f�r (f, . ! r r ] -t1%l��ir; J •rah \i. ' ` [ i'� 't` 1- t' •' ' 7.T lft1-01rJ 30 S.1{ trt.E:. Ci fr7. ti rc.� jj ,t tat f4f '1" fy{1, r)�iil r(�f: Its, y'.'3 rr+ +.�•.,. rr�7,5 y.: ~i. tr , t' ]1 ,trt,ltf r" zt�'t+:C�f r,1r1;t�,yG.:+.:r•t . t.lj�ffi •c: rt+�tf1;. i.! 7 S( 7 T1. rl {r r ff �,. t r r j fir« t ,+. 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If I W`j "j, _2'i 1 1, 1xi qw, r Pik "?"At We M, a�j , is • ATTACHMENT "B" Cit, 6f Huntifig'Iton Beach Y X40 MAIN STREET CA U rom IA 32648 DEPARTMENT OF ECONOMIC DEvr.,LOPMENT Office Of 1110 Dki clot 536.6582 HOusingtRadavelopmani 536.5642 Public Ini'mrnialfail 530.5511 March 29, 1999 MrRogerTorr cro Gr Iffili Related Properties . and Main Stre6t'Piopertyo Owners Dear Mr. Torricro and Property Owners: tn, % RE: MAIN -PIER PHASE 11 DEVELOPMENT PROPOSAL - WALNUT TO PCHIMAIN STREET TO SIXTH STREET A) As you know, In, ve been`, negothitl6g for some tIm6';*ith 'ihe_ velopmeint firyn Griffin Related Pi6p6rties"A'hd owner,-, •of the aboyePentipone' - &pr ope rtyreg ar'dIn'g:'a,. deve1o'-p'me'rit plan for the p o erty. k,de,�l r p, e opmen't' an"rbvided 6i GrifrihAlated l.e Pr6pIRedevelopment. Agehey ',January ,�rt es'was-appro,ved In, concept by,theon,30,1989. We''are I anxious to proceed with reffiil6g' these development;,'p'lans and to define 't the .6iislness terms that must be included In a Disposition and Develdp'ment -AgT6ment Ilowever,'piIior'to preparing the DDA, we' . must be assured that all piklis to the negotlxtlon,agreement have approved the developm ierit concept,and haver reached agreement among -themselves regarding business terms a'ad the process of Imple'meinting the project. Our negotlatloh�requlrds, us to conclude negotiations ,' by July of ih'ls�ybar., To mi"i'a"it'h'is goal,, ' it Is nec6sarytthat'all 'liar@tles to' the� .agreeimint reach 6 conclusion as to tfiek-'.' Interest In the project within the next thirty (30) days. Siiec'Ifically,,we are requesting th'i , tprior to May 1, I'm, Griffin Relatcd Properties and the "Main Street Property Owners :f. 1) Provide w'rit'ten".a'p'p*r'*oval'of ai.deve.lopmentco'll : cept r�r'tileprqje'ct Vin- d 2) ProVI ide, writte�n'appr6val of an I . mplementation plan, describing.the proc I ess an . d' ineans b-"which'iha project will be developed by the development partners and the relatlonslilji between the parties. If you are unable to proAde the requested inf?rmatian by May 1, 1989. the Redevelopment pinent agency will be requested io'terminate the existing negotiation agreemiint and solicit separate development proposals from all partle's. 0 IVA P " - - ij�, 7 1. IT rl 'jv � R"W4, 1, 11 1, , , I:.- " 1: , :` I , " elf. J) _thf" tRiI) I t ff ZtI, V. T 1." 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Redevelopment`Agency City 'of, `Huntington Beach r a000 Ka.iiz 8troet `fir • ' kuntingtonBeach, California 9264e .F , 1 ,J Re: ;Main/Pier Phase I1, Huntington Beach, CA f i FropGoal Dear Mr: Chaiirman ,ann� Members; ' t1 i� S• 1 . ' ,1ntIJ �.;. ,,r r rwi i'. �. . 1`,i y�:ea f . � r 1 ! ; 4.. x:' �+}•+f •%P, ,19;5 tP,J .r As J you c a �s .�, aware,�4 ;the+,4�Property. �bwnersa . have a been ,f negoti'atinq with Griffin?Ailatsd "PioperL•iee an ;�Agenay/Staff, :,aitti ��ttie; t ubject�va 'ag arriviny'�!at}' any, agreed ;upatt , developlaent Plan;yfor, 'MainjPier�'; Phase �ti: Aa 'a!`'s>9ault ,of !thot�e''earlier nagatiaitions, :acme of 'the",Prop#qrty;Owno>irf , 'Alfonso/Gailyim, , Bage ad j `,Cracahicolo) did', stgni.fy;►tha r' ounadn' fi(tiane, , offered `ti' GriffinfRel.ateiiPxopertida andttie Agency- 8*aff, on p P Y to the' ori`gi'nal '` ro oral Y y . 1 Ma i29$h However this • propossl did''not achieve , ,, full con�sena�uta by all of ';the' `. ;Propperty, Owners: J °`In order ao 'ideally • ? reach •.;full !;agreement . amongst 'all ', parties,`;;, Griffin%Re,;ated PropetFtier P P haw; jlected g i p p your ,to submit this alternative ro oeelt; for �{ 1_ chngide:ation in lieu of the 'ori inall''t �xo oral es pies ter the Agency an 1 'May 1983.. , IA. 'olgpa>rave,,;;Analeie of this 'pic�opo`sals 'With' that r fof, the ,Properly` j weld the b egad Y r ti m.,. on; Y5 Maij i, 989`� p „ wet) should b +:'the y ' Ownors�: aub under •. 1 ' Y . ,p ! in , a rac3Pir ally to�the intereg'te of the Prb ii Owners;,.. ha8 pertain q . p rvation that all. oint p y ve ,p©en ` 'tetaitted and sati stied. FurthernioMe,;;= the' master fan; fully_' repl'icatam the, property c�wnerd� ,' 1 fVlari�i' (and : their,T'�propoised: 'uses), ,for:: (tti'eir) ' col;leotive, ; propertirsa i dontained within'•'ths First ,Pl.ock" (this;'being `.the. `area ; bounded by' Main street, -Pacific Coast Highway, 5th Surest, tend twalnut)y( r':, , I.)c iltJ 'i1` '+ '.,�, .(; Imo'. j / .'.' '.:;fit f. 7� ✓p �' ' F r�.4: ` j'••, �rl �,+1' 1 {it ''r / •-, , 1/:,( �.� t Grp in Related Pro extie / p h al 9, , Y`. i e ) Pln for s t ar i l mod Pied t.h it ``i� � ,•the Secanii Block.'(S:hia'beind tiie!» r'ea bounded• by, Sth` Streit, Pac� is ' , g a` {otiet tli.ilhway,;; 6}1lr Strdat1,and :,V7al'nut',' 'exclusive of ,the'; Worthy prv�:orryj t� o enhance `,the daaign, and 'intrinsic vilue. to all of thi`s;;particul�ar° b� while,,, working within'; the 'prior,. <;A`,engy-ap roved ,:planning • guilt Ines tgoyOrri 4g suct�'.parametern as, J height,.limitat' ons'', use' , ,etc . '; Insofar ae the devel'opmen of, this, Second glbck,;does not directly, involve ,anii- f the;,Property 'Ow�lera, per. ae, ws felt that''these` modifioationa �shculd be implemented in the;, overall best' intorests' � of the: total redevelopment effort.,, GRM IN/RELATED {'R.( PER111:S r•,',. f;Kai1•.ilntll•.Ir,'Illr\I1 r �,� 1, �'y�c.�, WE�1 � Jf�'`�^ f . t•�r� �l S"f^f- j �� r % '!� } - �� ti`:►lt i t '.`� ' ''.ti� , O(J v ! ,{,+]s 1i,1 Oj,f' J,(+ + .. �I 'rs 1 a / 1 1^ t� G• 1' + �� i�•A4 ,,,, i{I',!N H! �`� r �T�t'11'11 ��1 '^ { �l r f•��1�'?y,� {A�:'t�i��ll �,f� t. ;r, .} s1":��J q` 1 �. �. � rl,. {{ �+iS_r•1y�jJ!p•Y f �tif{� `�.,j f.�S ,�y,r ,+��iri jJti � .t}rak' 3r `•7Jt..+,L+:}'•i' �J` �, , ,J�t'�i7 �Vlfy.. � fi'�� F+li? �f �;.. °.'L a-i .��i��.c`..i!�"1►:+�f:e •��r••['.K��;f9C�.C.,'t:.J'/• l+.t...�r1.�i�J-�K�T...i:'I ..�i^!�rl>...:,,J�'i�!r'".:.t'I:A":.I�+Yi'r�.{4.i/.�S'.'S_�.ti'_tT�+�i. .sF+`G.S�}.*.f . t ire►+,c� r+�.i• 'T N irSJ�Y,j+(,+ W V' �. !r r ''• i ti "t ,' r l ,ili J[ Ott z Sj J (: Yrr r� t•'i `^t'r :r •«`'l.�l11f�l�,rtVf��,'f`�ctt r 1Y E ;°�+ �� 'i. ? �•�'aJ, �1a �l �rE iti�+r �! 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Al t ■ Hott. _&1ir'Man and Menbers 31 ma:y_1989 Paga, Two - .AccordinglyiGriffin/Ralated Properties respectfully.subiJts, f fo your consideration, the hereinafter described Plan of/',redeVelopment. -r the,. two block area of Huntington Beach designated' am, main/Pier Phase III an fol2ows: A The,, First Block .(this being the arem bounao'd' by,'. Main Ccast Hiqhway,-, and Sth street) iahould, ''lie WaInUti ;Pacific' COMMerpi'ally develbp6d,"consisting of a. r:ombinatibn o;t: rethil,:'and-office space with restaurant use as an option'on this., second'' and/or third and/or fourthf.'' floors of structures. ' a eid4ntial;1 ar�,ea c'oinsiitin,,f of'criH. ,treuteby5th,, SThsSicond Block jbeln4 ,,th6- are boundm, 'Walnut:,Pacific i'Coe :,and ,6th be ldiltsf.with the exceptlon thatthe'.Worthy pqoperty.dodoWailniit and';Gth Street should be preseived in its entirety. it' id suggested that there be no commercial dsvilopii.en.t in tfils' block. ry is a u i a altaknative --.,elected Gtkffin/ltelated��,,Propei as haB' proposal in :order'' to`. accomplish t"eeveral' ;key'°`l.okijeativea. Thisel theMaln, Strout.j, f 1� wnersi/ ,'thiiir Fea;,!�14ifid:,,','(2) retenti6mi,4by th' .1 . I I .') Yr, I '�, vners"hi"' "in the prop6rtTes'^ in thin; eras. -�..jRiitanti'oi�'b individual; fee, o' Y n.:(theiry-,7.Vrpe if I tji 'n "star ly be'individual siibj6ct:;,,t me to',*.deve op ','.those proper ea ni, a rmanba"with,.,,'this proposal This willhc;t:,: unless fuli. ab, t S operat on. be vec e.- lopmeor., -, A46"Ticy, the r kini/Red"Ataid ., �Tropa Any. iWi V" I d I a' L' Proper y. 1-Owne I , rti v "".11 k,., .. .- into co'nsider�tin d�Plan also itakell:', a the -concerns:- and 60hi6nz_of �'the IndIVIdiii1,;-P�op6i6j, !'However,,,, once thiit ::GpLt oivaild'aitid--, and'. c6nsideredi,'';P.I` comprehe'nsive Plan must be adopted by the Radev6l6pMeAi,Ag_encY and".. Staf f and enfc-rced, in order to carry that Plan to Its.u'ltimate conclusion. llasoidt.;oV-the b 6�ii'-i.; 1I -,1e; iiig4e ed that�, ;the, Plan adopted;' an-.", must, coht4mpl. ate :,that,,.Or&cQ,,, those `indivldival:,,Proper y,i0 wners,, who, wish evelop" t c nca,�,With',ih d n he, hand,h ba'', preipared,�.tbmtwe- e�a apted' 0 their'.: dir; ndevelopment,-:;,, andj.', Bacon I a YI they -Iorward.wit diViduiil�', ' b"."ih' R d!Staf fi'f.,thiait;`�Af in mast' t a y -a �, e evelopmen Agency,;,an owners 141 ih` `.to opt ,,.not those i�jiot:'40 nova,-', q . I forward 11 be:, a Radevelopment ardl.wi' �m Staff ,plan -4 ll" bel; consummated byti the`�;Redevslop ant -Agend Menting' the,l acipAis"i-tion of "e',' p '' bIs noted i that" a6,4�diVidual.Pi6perfy owner .who.ac_ e�ts,tPlan r develarmen ,-not�bnlywill be putting Is hor lan risk, but will make a substantial investment in inprovements He/she must 'there:f'ore have reitsonablu: assurances tha,t the whole project will in - . - — LX rlt17 N �jb % - I f,4 N. , Vl' Val , 0 I OPIP, 7 Il f.. �, ",,:yt ..•, 5 r ,',`. i :i t , ,,�} , at !„ ".: r `,,,:, ; • 1 .., / f, 5 ♦ a rt 1 • Ir i-�'1 r .,-. ',•� i ! 'yl, � 7 � :(r rr:,y `.:� 'r w `' r 7j •' 1 i��.. 1 q 7•M ��.'- j•. 1' r a a l� ^f- ii : J r - t .:. c 1 ♦f.n} +�` f I^ .. � x r ;,�.i=ri.�ti. A'�{; rf s,}y�i✓i�f�� Jl - 'L � ,: `� r � ff� !♦ � ;-y ,,a`�3��'n�. 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Icon. •Chairman and members rr31:May 1989 Page Three ^ f fact!'-, be' completed, '' since.- a ,partially -compl'eted project' may. put ;those participating owners at, a potentially 'greater f innncial 'ri ek. , ;.' Theera'' , �- yet-to-be.determined variable's naturally dictate that, until Such time e, the Plan is fully devel0 od and approved"," all .,.''appropriate t agreements,_ (incluaive_ of ,the'; DA) in - final draft form pp'And the �f approved,, the fitment bndths� Property owners lad ands Crif inrRelaand tad Prop®rties lto pt►rticipate in the Plan must be one $'in principal only��At �rx Further,.;an' y"development agreement and: any covenants, conditions and r , Y F £, e restirictions must necessarily encom ast� both blocks and be t7r , th benefit of,all partin` , • may.♦ ftT•r,'.',•Ia•A i',t'. L- �y � a d -eiT � 1, en JEmssenkialiy^, t 'our, prpposal?;. contem, ' tcs ' an' eaten five ; re evo apm t y ti . p,, `h, P , g' i .. ecturail :and plan,;,', including,':"com reheneive; -ma er lann' a, arch- t { engineering design or 'the entize two : block axRa.'+.i: r .'!It also`, r cont®mplates tthat the -'Redave].opinerit•'-,;Agdnay;' Staff cloGrif sdl f in/Relateed , ter. apartieas4.;eno me ti'andim 1`e entat n''of eras will_. , Y,cooperate 1.•" Pr ' Y- P p, y( ult imate � dev. 1 ,P.. P _ 2, p e 1 Pan , La j1 in i he rion of I'm rovement6t.' and'; ownershi of i e-, pro arty exc® til for ' 1'�, common; r��. J� Y: p Y,!,, .. .,.. . r2�.. " I' 1 constru 1. {r ..develop` ,t4eir.,property � intaccord nce hwith thesPlan.wnWithwregarda to Flrst';' Block the essence Y:of the. Plan would,- be. similar to a td. y �7Ftownhousell ''as opposed,; to "a ,!1condo aihium".. type, project. .."The, sjecond C Et;, -A s'y { B1"ock 'would', be ;developed in anti'aipation ` of condomi,�ium owtt r h p in i ♦'„y t. tsF,� fee, with appurtenant common area ` �'_ 'y'ii'4'�'6'a f 't' ),i ' ( ,5 ' •t!r •.1i i' - rrl t •. i' '{► �`'�r;k ; The following .'is a summary of ` 'Griffin/Related Prppertiei' propomed It®rnative ' lan.' We sincerely'believ®"this Plan iei a hi h?. feasible P, , g Y Plan with an excellent prospect of realiiatioii: 1': Griffin/Relt�te'd Propextiea shall serve as the ::aster, ,. Developer for Project. T„ 2. Main street` and Pacific Coast Highway in the First Block shall provide for retailjrestaurant use(s) on the ground t� 1, floor• 9 : The ; 'second floor on Main Street , shall be ,a i toombinatian of ~' office retail or 'restaurant use(g); and xetail office ''or '4 , .- ' i3st u'rint:use;`'_on Pacific Coast Highway on the second'. third oi!, fourth floors. , I _ proper sh, G 4 . The rs; `Terzy Buick$ p- p y ould be i►eld - ~' for , ... J , o•. p 9, :. ..g it`ial ;use • r I d�ntuture 'Head, wi�Ch, Vita in develo merit dependin on;f { 3 r sh6�uld�'not rbea developed in the future as �xeaide111 This site ' ial : or office arktn { � fr p :, ial. ;,;; 'The • Y Agency, as the interim owner ,of the site,'',,shciuld be responsib]o for removal of all toxins' -on. the �'sita' and ' the r ti(i •�7�+5 ,1 t��'MrtY,,,'FJ1. t!1ar f4:,f ��jllt +r,:; t't•�'�`Gr'I Y:'`f i, t Lli �,Ir ii'�11rJ �,J•7r�II+�Lr�/,ltf?r, `•��•' r J r /f� ri11t` 1,J)1� r�r�3lJ rt� ��..,, Y.•r Y ' t, r: J rr 5'' L 1, rJ 1l i•(�'� , dtG )t' f r;+ +� ,tf.�i 41,.+rr r{}y,t S� i �� i �fT'-it?ya. �rri � �.�isl•TY1j'�i.. �.. -,�,: `' .f l >�.->•r{, ' fit:. air rl ,:`• ,, 1, l�t�Jt1.s:,S.�f f� 1.•,j ti I.{ ri.n l'f'� . 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' '•�' J � ',rtrr 3 "ti M r!•.ltr "`1>=,:�'.al f��'•i�l�-;{.v� ki7 r C � , f, r: � / d •(� { t �{�1 C;,! r . i `r t ;. � � yy . t 7 r .71,11 �•, ' r f.;";r 'JT (�� •� i r r ".'1 �i+ �Frr s7 t ► l f'..r t/ yyr + • ✓ y:t r Si +, iy. �; �J[j•t S'! rr��7 1 �, �) �f..�1 "� 31�:W. yf l,f1� [!'rif !'•11 /JFiJr rx k; ItC` :.r �.i}72'� i� J J'•;5 :'4 L� r .ir'.-itt'tpl.:itl 'l ,%t r r ra is ~ 1'K J, li�i':rl •IT�r/S: ii } i1tt a' r t, t� ! t r r • s- 17 ...� s h u r'[ {• , '•1.,�1 �rt r,r1-,i..,.lf,l,« ? 4 r+ t,• ''art:'r'_,'j.1r�'ly[�,'��+�.t{iF,{l�lf.•t:�;�� hJ /v.rrf...ir.l ..r, .•r • rrrr.r.� rl...r ' tJ �� ti ••r �J[ L i Jrw •:a • " Hon.'` Chairman and Members 31 May 1909 r" a Page Four costrof design and of improvements to' provide 80 interim spas iw fir; public' parking..;. In the event of future.... development of this specilio site, any such.develo0ment wust be mandated to continue to provide So space's ,of public parking, 5. Ths+'Agency should kkeecurbsh Stopep ;to` tw6I7-way-.'traffic and provide„sidewa , , gutters, and pavrs'-the street:` 6. The, Second Block of resiide i tlil 'condon nium''s should -provide for a. ,.msximum"of' :130. 'units.- Tha �,.,curr� r., unit: mix and' •siz'e (a) " ar`e; indf Gated on the,:. attached 'tiara; and,, may'.:', be subject to further refinement due'to final market analysis. a } x ht.' „ Either, griffin/Relntad' Properties, : our builder, �or-' other builder ,., appraved�,' by, the Agency - will` :construct ' 'all 1~ r ownerveemen , const�ruet d b reai�other coal'; gro j acts (Property y ntractor selected-, icy the' propertyr;Owner(sj , , and appibyed' by; the Agency. In this 'iat.ta,r,l•instance, all schedules and overall project; quality sstandairds'',must be inet. s. Upan �tfl�execution � r o� the , � Aaquis3tiori`�; Loan,.. Agreement (tist previous?,y:;1,'approved,' ; by .;Agency -staff, its , 'couneel, and Griffin/related!;�Properties)', we .are, prepared 'to issue ay.'$2 million, :.unc onditional.' and ,ar"revocable' lettRi of ,: c edit inuring to the: eble',,benefItl, Of ','.the A4incy., `These .�'funds will the Agency tc complete the accr 3isition of the Omohundro and -Energy Development properties. 9. Griffin Palate r , ' ' ' ,, , •_, 'Pro rq�r'tiQs`? ' gees ' to,;then' � ac' ire � from -the a' +,.. Agency, the'',, -entire ' Second'; Block assemblage ,at , `,fair market' muicuallyy:Jappio`ed,:; adjustments, "if any) in accordance ,.with I the edule : of ,.Performance �' �o ' be'. `set forth., 9ch in.ah� DeveTo meat and';Di sposition: Agreement:. '•Fair• market its their ='consul _ants a•tly ; determined .by Agency, Staff, • valua', shall .'be join ./ t `;zd Griffin/Related Properties. 10. Th'e,Xiain ,;Stirs©C ' Propertl►;;;Ow-ners will eseenially'�rgtain thn' r existing fee ownarship`<s of ' their present lots Frst� Slock.F; The prapert;f_: lines'''.will, genar�x?rtly'' ome instance 1-` R in s s, . t,.,. intact,• however, r'it :'is oesible that ', 1 _ aertieii.i' adjiustmenfsx:nay Wive tfl, be! made. ; hog 'exany Ia :f pcertain ortion : of tUe y signers : (undo `:any '„ adopted Plan) areas, " I? c+perty pre8er�tly owned; by': them t'O common- Aay suchf. loss mayneceisitate racip compensation by ''.convoying' otrier;'available' site area (61j- 'to the. a tfected� party under, to .mi mutually ,accept' Agency and owner(s). V 07 „th, ,'/i C h i't�'t t• { { /.1; + ,. r , • f1 !, y '{ , f {1 t,R r f� • ..t 1 (w.,� t {'('+, Y.rr i , ! t r 'j , r , ( Y T' J�l. 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Y {r" +'{% ,i'/f "^t1 �t?' fit.�f Z !'t�{ „(► t i r.E,r' (y'YJrr� fit, uJ{�' t^r J b y�j,, .. /ti i! ) r :7 [Yt.. �a iii� ;r ! i ' Y.,,. `ti f '!.t �I 1,; S' l t, f C 1!•1Y'� ,{•t 157:i• �''' .' 4r I,'fi r� CIS,. 1 •� 1 1 �tr•' Tlrs% , J+ a. ri, },s 1 f.{ �r �; •�l 1�•'r•- 1� i7 /y':: .1. ,�,r 5 ;•i;. �� .�•'•�: ' 4 Q �4" y:{D. ,.�. �'//•Y�u�+��x �ji��}�}�'?. �rj')/� •�C [�►ri,+yr r cr�;.; A 4t � " J".4' 1 ; 1i+ f{: - 7 fa� { .�,;�/t�.c� - tl.S "rr �(•1)y'1� ty,J .�;Y. �� 1 ; �['•�.�•5�!`, q(.: '11. t`[ K �..•tri r, '�.�:�{ '/I•T��' �5 ,; ,%� t %( ,�.. 1 �1 �f'i��t, � iI .�{ >t�� lrY' ��tt��/u �� 1 `r�`�r�Y�'thy,'.- i� +f .!r •,,It y.,,I _A M '-y� r ':f� .lr !�•' Y '' r,`U r /t .l il:;t�rr,; IJIt`) ��'[�� r F'-C�; 1•,t:lti % (, t,'i'rj � lI•! S 'ar 7{- (�t`I r -.. rl rt �IS ti '' '1 r�, r ' + t { •.IL:' {.{ �.� t.. ) '.�aCc.. ��'�� `,•[�� siti 1. 2 �,ir�'\l � '1t, y ' � rz j K { ,.s-� i i; t i1' ) ' t �1 �ri�t5'{' y�} •i qt �" .I •..'%.+ T ,r 4 >t'' t f '1 t !+ i i of s.•. <-$ q� " 1# + '✓- ° �. \.t2' r} ? �y�l,t .;! .� ,:F •�: .t.; r ,! �.rs r a, � "-�r-�j ! r•.=:1��ka~ t �7�,��i�J�1�3r•"� � + ��at �tr.4 rt s.' �� 12sM.+1`". �,1 f! Rrf� 2T��`�� t� j «��..,�, „!M tA *Y�i{rrllyryN�t.'1 '• j �t �t 2R •< a' b .� r. a 2*Ry r r� 2� - y rf e' .�,^,7s*. pp ♦ a i 3y d' Y" 4 rJ T i� `4 , .Y•' ipp `'�y!��rp i' �a' ��'�) 'lAY/ r�._. ; �,�Z�y�t;• +. t t �c1. �' ,, "!'r ,; + r V-°I .'i��2:, •': tiYt !��' ��3M?e�Y' 1 (r r A-) f r �. Hon,,; Chairman and Members 31 May 1989 t: Paye`' Five 1L.' The Property owners: : will, bm, "grarsdfathered" with regard&' to(l their existing, (their) building akead ' would be, achieved,'b permitting .the, Naming. required by any ,incresime, in .(their) ) s c � yy Main Street Property ' Owners to participate in an assessment district at $61000.00 per required space. 12.The ' '! Property-Otmera a haal l work with the Aq lncy i , and +'. Griffin%Related Properties to assist in the ::design of, the masterplan for the entire two block project, with their Block. specific emphasis focused, u un the First B1 , .., p p •�:+ p. U. With reg$rds to the r%Rvel dpweni; of the First." -,Block,. Gri,ffiri .Ralited 'Pro erties}'or. A erid 'tshall'= a all,: opts of: . P . .. masterplanr3.hg, . site engineer g, a�rcl'eitectural � lens ., and speeificatiflns in ; accordance with the attached` propSE:al ses • �,� submitted . the '' Property'�Owners roproposed. Ni�ibla taAlr;,- y Y IAngford/Arch toicts. } fot7tiarl of : Nolile, Whits Architsects)'.: ,, it should r ba noted t�iat Grift:it/Related '? Properties/�►gency. payment far such 80;' rices;+ sh'ail be limited;. to,:. the amount,, of= 'this proposal; Any . addi,tionail or repetltiVa servicess roqukied '; W Property i0aner2 tine •.sco»e of th beyond is prpposal shall bae'.`'(their)',"� - respective respons ibility(s) • 21 4; 14. .,+Az ,the- time `.of project completion, should Griffin/Relatted ' properties ` determine that the .then`' Prevailing ='krkett ' conditions sn` warrant; we may elect to offer. the residentibl`' condowiniums!=for interim rental.-- ' wn believe this to ba : in accordance with 'O%alifornia State' haw. j 1.5. The Main. Street Property 'owner3a'shrill ,pay ilie Cost of consl:ruc', fen of � (*.heir) new buildxn9s -and' related' I,impravements 0i This may include a portion' oft the ' coma A`j area The Agency., shall' bear, ' . the' co st ' of street • and `sidAwalk i teveaatentc on all peri.iister streets, and' a? 1 relatsd off ' it site utility casts. 17. The Agency shall haves discretionary approval.with regarrds to the', proposed ';re;:aiI . and restaurant use (s) contained,' within the First Block. ta' Re t u ant o restore and ar Pr rt ow'ners: 18� Z'he'.. lte il/ s a r pe ., ( / o& Y ) ooataiiried within, the First Block shall establish , "and Mo Intaln an Agency-approvall Merchants' 'AssocLatioii `T'or si�a�11 1, participate in "A area -wide Downtown lserchanta Aseaociat'Lori) ;' subject to reasonable costs., t �t !tt t r r j ? i , !1 7a 1 7'i l , r �:i•ir ,t C Gj ti; ra�-j•'r .(. `ar. ♦G. t/ r}.:� L t ii , 1 ri(r o41 i, ,� 'r yt rr i t f { Y*. , � � . a !2 tt 9`r� �}JSti S i� t � sl l • sF, y xl, f. f•" :1 �a rltitp� f'll�6 f,{;1T{ i7Tci" '..i}/r�rG 'iiF'`%.��,t�, <. r , �`y i�K�jJ,`:;11F 2,, � ! � 4�1if r•L�,� % rjl•�} � � .i•� ?t .W! � ,,, c�, IA t ! i {�� rl� l t ,, illri i a:r 1 <• i 7 a ) 1 7 ,� f r :ih 9g . t t r Ja.�lf w '7 r 1� i!1 i t l,;lt� t �i r�t X a� + k' • , t-tt 'C,YJi� " i trtitt i i .r / i1a i`, �L , ! rr 1 ! rr' i : { 1 ; +sC ,a,�tt; S•.jj<C. y}r�i y�'t, �yF} 1`-, �•!1''1i' o. \ir��iis ,�' �l l+ tSa�e .{•t sr r iy+ !1 ` t try iSff l!i y 1. 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I�N,.r p�x+ .71--•,,,.''v t'�v�\ Ti Atr,++i(� 7 t ciflyA i♦Y+� i l •.' t r f'. ),.•{ljy{. r �,y ♦f J t• rt t 'x.. ax, r 1 ,' •��(�j'�� R'�`'�� ' ,_art' :.�: "l �.: '- 1 ��Y�'r,i. 'j��ti �� i`' •�r 11t.��er as �rS �/,;f''�*j`T�.xV��t 1 • , ' `� V'f'71• � :,: �i � = ��. 1. ,... 1 • r ��r'St�r !�•::2i �..�'4: T � ! ` ��f JT � t::3 �'�JI",�• r��r1 a t �' C'it '`, r �,v,.o`. i'��t'� � •� s rr�l;;rtrL'��t'.'7-:�•`!"'.l.. �:l..,� y•�} .r.<.v,. w,{}.� ".:�K ILiwrjM. w.orluf�� • • 1,. µ AA A Hon. C:'hainnan and Nembera 31 May 128A \ • Page Six Inoco8eclu ion, :attached .please find': a Faster Plan c. oncmptualkiinq our r p po an for development of this two block ' area. Thi7a • .is ; bur" initial proposal, having been submitted to illustrate the concept propcsed herein. Griffin/Related, Pro11 portion beliaves'-,that the shove presents a work+eble and viable solution, to the, Main/Pier Phase I1,•.development, ; insofa.';ie `it . permitsr retention i:of ' individual. fee ownership : Y owners tin' full concurrence withltheir previously submitted- proposal) ,z and advances tile overall development in accordance with an approved Plan. (;ilifin/Related Properties anticipates ` a '. most .. cordial ,personal and , ,•, ` professional association, and loakas. 'forward to' ` working"closily 'Vilth tAa;i',l�gency, Staff . and ,.property , owiiars to -,rea1i2te14"t.this' i rttnt- cos�nent of the cont:.nuing Renari asanCe of the city , of Huntinq-Ean Beach. i Thank 1►ou. most .cordially, d „, ` GRIFFIN/RELATBD PROPPRTxRB Y R N. Torriero r' f P i pal /act 5='25$. 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'Jtt3 4„ "!. ..it >� -4'� .., I . � t ' t`�' 'i 11 • ' ;`J 7 � 'fir l Z,.'" �� - '�F�1 •'� C�t[i' } �. i, t,.I ;;x{) ,,•./,.. ,,.ar, . y i, ,:tjj tn� l ''x/ 1J ,:. �r ,,2. 1 rtr}'a / , 1,".'. ►rra'1;(, '!�, r w! ti, (1lrtiil,v Na 1 r fY• ''/IJ I': /,t.•'Sl.1r(J{j S i�.[: �,'rll it ,t r1/• `.tJ 1,.• ••V�rfr 1, + 1(, •,r� ! '�. ��.,y. .r ,SLi , fig ,i` ��"�T�r ��. •:i� �. +1 ��1� )'. l lli VIA i i am if 'I {• �1.+ .Yt rj � „ ( � S ,f t 't;TJ „�� '{ .i1 1+�� •r.��4 r",�n, r�l';ilt r ��zr; rt� �A�•��.t� c� ��{'J `t'J -f•' ` ', •i. t ;;, � /.. �r R1. ,�. ,. !, :� � � ' ', ,_',r rj�t � ��/Mi'f �•'.:.!�w'.';; ro tJ q. ..r.�':. ,/r +�1�',: ,..« 1• 4'!J �/' l , ,. 1 r'►• �' + '� ;i! Y„ : .'i �i• i.i/ �'-J'� .0 .,, Y ., ,, , I , .. .� J �rt7J . 'yr • 't- ��-�� 1 :?+,�v;° `i;'►�y1��;f I . 8V 1, ��, " , , , i — --,— I . — , i, , , v, tid .14 4 - - �-� 4"- �, ` V - kal V it OTWI 9 86 '7 &14irm,a'n and", Pkimber's DEPARTMENT OF .'Redav'slopmeht. A4ellcy city'-,6f Beach ECONOMIC DEVELOPMENT 2000 Main Street Huntington Beach, CA. 92649 Re: • Prop6sal between Hari street Property" Owners and City of Huntington Beach Dear•1C4r. hairmanand members-: t Certiiii-of, he� Main,'S- property owners have been nejotia inj,, I 1',' 11 $ 11 kiss 'and a4iints of with . Rojer., Torrier '-1of Giif fin, - Related., Proper the --cifty with tbe-,objebtiv'Q - of ' -relate Pr at', an'agried,deyeiopment fil- for Pease j1...-,A*,a result of .thos6 negotiations ..some,, of a sent to'ttie the' property - ownei'i.,, did signify the i con. proposa Kith Kr. Torkiero and "'the ,city, - Staff . However#: .; such -,1,..�, proppsal was. not concurred in by all of 'the, Main Stre,et.pr,operty owners ._ The,'ixndsrsigWWbers, of the Main 'Street. proper y. owner:group endorie in - pr1'r:6ip1e,,, * the hereinafter, d6scribid pla-A of., develoip mint'ofthe following -'two block area 6f Hunti'n'g'tdn Beach: 'the area, o bun ed Main e, Y 5 th Street) should..,, .,Th 'jit kighwiv 'WalnutPacific Coast al an C a be comer 'i lly;developed I connist, nqjoT,,a combination otretzl-3. and office 'space wiih, res'taiuraiiht'use,,As!� an, � r option the second and/or third flo,ors'a f any Won structure.. d b.�, The.*. Second, Blbck;-(being the area• bound ed by,;,S h Street; Walnut, 'Pa6ific shdiiialrb'i dijv d'a' a Coast, -Highway and"'Gili-vAree 4lope , s r sidealdar'ea*; qqnsiit`tng e nt, of 'high quality coiadominium UlliEW ' 'with t e exception that, ftbii: Worthy property on Waltiilt,- and,6th Siie'et should be preserved. It. is, sugj�sied that thii6,lbe- Ito commercial de-riifopment in this block. it to p 'oider� The;. hde: rope4ty -owners make -.this rap6sal Jn� accii66ii'qhs,6viik1- o6J'0'3ct1v;i8. � ".They. in6iQe (1) reAe'veiopirznt.., of, thn-1, •14a1.r!i,,-qtxee, t' area; �.and,A4,.retenti6n,;6: long' term4owners Y o -their.: es *..Ln. the ', f ii �ownejrshi r6perti individual f p'in the p !-R�ientioh�bj�indiiiid owners of this fee inte I res .',:Ln a ea individual` ow t— to their agreement opeity would necessarily be subjeqt'to' the eemi-int, wil , ji ;1 0- YikA- 1, r WT �jl; It �.If,<ty 0 7 7 0., 0. J; •. ON" `• + ?j - i 1 +t 1! 1 ' / l rJ %• S rt , is • -r +5i ) i ( { n-�%!:• I!' ' irk' G�tr .,',jam: i1J� �. ��'� Jj7 LC!t• t 2t•t:,}'k, ` -r 1 kl o .,',{'dj .` � i�. = 7.... r I( 3�' , p ;:r ,r � ',,11••''jj�. -n t fl:t.ff• ice. M`,f �,�+tit, n.r` C'!,{. { L ij °`r''7i ( '," .,F tr.r t :Y• + - i i � / '�7�-�' � t � � r•� y , a - 1 i �t ftfi i.. _ r ,JI ""r ;!J '''` r +' r,i )f, +X. 'j�! ! � .r. r �• •' r „�71.� {; :,��ytt''ia.. f.� � Y�'•�F T•,yl��'q T.fir�� rr rr,i 'tr ( `jr�= I > rrrj�.�r :''f�f+' '.� r �' i'7 ': � try -'s! .s�Ci�:� y ?�'" iP P vi} •>"` � f- � $� r sr� r-•' 1;., i f . 1=, 1 f 1. t 'K.M rr 1 , 1't' t '�' . r., t y; �J t; .i i 3' i�.'�� J 1 j t;r it � i •v '� • ="�s � t� T'; y . .,y_j}t i 4 1 S at r � �. • -,•t S •! � i •.1ir ( .i1t � !i �s•+�{ i �r' ,sit � } + i ' t"t ' !•• tt r CL .r ; ' I r 1 [ ' a , {. J'Y � lie d'4,v �[t}t i ! je`k'LS t t J r�, Y ,r ,+, ,� ,�` .}� rr1 = , { ♦.h :i t yy r11 1 �� 1% T,♦ 0 '�✓ i ♦ rti t1,r i tS Y �� '�+ � } '� . 1 S ;f� i�! r,)'�' x` i r r! sY 1`lir' j .Sd '� '�1 + ��}�+�''��•�° s � , C tdi � `�%I,I,• jjJ "'•1K` �11�� , ' / i i •''J�d� S��C lid ��'a'�s +• I s t � � !3 �� i" � r,,1�u � �x 1 t1 �'� 1y f A%¢�3 1l.J 1 1/..•d{ ''f • t ,�� .,.ter'" r" y-.r 7. I � _j�, `r f �..•1Jr. �� i,. '� s''r 1r, t rih. • ' �'.,t s ii 1... t •r I �� i� �tr 1)� ,•� y i;7.a yt "+�rU�� t , t t + a r, r , ' jC> t �� j nti ,r r: ••r i• T + i( {fly 6dt f, r•�1fa 1'1,k ltt 1 tlf ,,r ,Fr r r ♦,. ,rtSi; r;4r r 1 G. {' r �'t `Yt St'4.t.^ k,:y'^y V�� i`tI) � J l�J,,�d � r 1 � 1 "r•;`.Sr r. ! `, 1 s �J � ; �rir f,t N'. ••. C -d'P 'S , •i f � t. F r 1 r , ^... r t t r r . L _ yp';r t •F j •�,ry { 7ti It h a! r I r j rr.�Z'ri'tir r Y �"r C,%•�?r f'i`lr_ t► is .�dt f { t,. 7t!-t! ^`^ i(�1 ,Ti{j�,! ��/ ., Jr�{i `i -.rf- t {c' � .ki �{'�pt•_ ( rr�•' ��S-��'•} t �ttr , � s � � .1ys '' C) Ir,�.' ,,, f, S '+ `r't tr rut t �S t:•+ r 1' r t !,-i1 1, t c+ ? •':�, `+ ' � ;y},s�+14 tJ'"',Jt'� lt'`till'f; �,. 11 i�'{�i !t `FSS��I�q�r„t r� Y 'r,,*.� �c.�.r '•1�ar<,.' Y d-t,: �, � Sfr, r fir v � ��` f r �• td ,i ,iS'r < , -. ti ?Car M 1,+'l;��t' ' 1 • A,� �.. � � 1 t a + r, ,'� t,•r _ i r • d • . r , . > r > .r 'f'..•,r , .ls !�. ' .F • 1-,,�' •r' `-',s�:S ��, �,"-Isirrran+ a. '%i i' `. .0 - .`. , Z •,: Chairman andMetgh1 Redevelopment'Agency of Huntington,Heach May 231 1989 Page, 2 develop thoss' properties in conformance with the redevelopment area. '\t:he indivi'du f• r'Ert' plan ;of.'the This will not ,be, Foasible unless•.the'ra, is �• 'x �� dpzoperty`awnerrsr, gin' th'e Redevelopment=Agenay�• develo�menal l� p betwee tal nd the Master neveloper. y lan.ihould:take.into consideration the 'concerns and opinions of '• the -individual owners. liawever,; once that input 'i's evaluated p • .; �t•rl y . � P by the and 'aoneidered, a compzehensive � Ian,,, ,nugr,, be ''adopted order to ti; tsz Redevelopment.. Agena and ths' City and enfozced t in o j ft curry that plan to its •ultimate conclusion. rulfi.'r r.4' ( ,_'•,,f :ris { •"'rCr , r t 1 ,` r> ri! ., . In view of��he 'above;< its ,suggested that an„ es9ental aspect 2' 1 jl, ci th.'' PZ�.s p '..r.. ~ner ''tio' wieti to'°'�'develo � adoptad' ' ihoce individual, property, ow rhew r' nt, lan i ti• an must contem late that an a edevAlo me r P _ e ared�td dance". onward ado ted` • sf',dn th6.� Ihei'r :property { n: a , . ,,..'ith P .. Plan,, ma ' devehand, "bis' p p with t6i1r individual a marit-"Agency�nndattie�City,tVat ifscertairtbe $owners the^Redevel u ,•� ,. �•��p � � t, ,wish�l..o�'opt Ip ► ,, clnt- ncy;�;tha1 wthe, plan, willabey r 1 t 1 davewro o a it end t 'e Reose ujt o f the " lan th r i r4 x. 4. Ih Ct y r h to conRammated'by tre,`Rade'velcpme tI,Agency 'acgdirlrn'g 'the;,,, nonpar ipating, owners!' property.t'-`]1n; individuaX'::pzoperty . own..„who : a'cc4pts ,:the''lan of • development not; only will'tbe:,, �, �• � ,`,`> � putti ng , his •land at 'risk, but swill mr eke- a substantial ihve's•tment •,, , i n canati-�.otion. � emu, st thereforep--have'reason®ble,asaurances ii tYiat: the whole;.pro ject ,will in=fact; be" completed j since' a Partially `romp let;ed`}project would put, those pa3cticipating owners' at great firsancial risk. } This naturally assuniCs'thaCf,urnti1 such time a's the phan i's' fully developed, .'the ap iropriate. agr"menii afted,' ansi'thc appropriate covenants , conditions and rvistril':- dr " tiOno,prepared, the commitment to participate must be cne in 1 P9 inciple only". 'vel©pment agreement r'eement an COnFurtheled :nYrran and restriceions would necesaarily, cover both blocks and be for {' the benefit of all of the property owners. Bssentiall the above,'propoe; cor.t�amplatas an.extensl a rede.. ` y. ,yelopitent p� an including architec"'ii" 14 and ehgineeringf�design .., • for..the- eniirP 'two block area. It ;con*emplatrs::the'•Redeve lop ment'Agenck•; r'.3te Master`Developer, aid';tie' indiv3cival property Y ;j owners -:all coo a"rat i.n xn tSe..develo' niWnt of" .the; plats The 'r ' 1 ultimate;conxt.ruction of; improvements and..oqnership oftthe' popertyiexcept fore' ro ert in accordance �• . •common_ areas' �•ould'be retained b` property owners who wish to develop th it p P y j with the plan: In' essence, 'it i`s;'si''ilar t,o a "town:'touse" as f opposed to 'a "condominium"- t''pe projeLt.. t. ' , f, is • Fr, + • ^ctja�w.�,. a ••..J _ s_ t. f P'i�l' r # _! • r f• ' - iA in r•f — r.t i ;. !' t, j 7. {,{ 1�,�.'"SSF�! 1yt , } tj(y ,.� S, �,5�. 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Y'.r�� a r �v't e, �ly�, )�f x (f''.:f�r � �`. ,'�r...,Z� (".��:�?`t`l�.,•{}��,. j.• ` �.�'t !tY ' rAt R�'ri'jit'.t:F }'•(,.. r * �' }'i�t 1..� �'.��i•.f�i) ' X'.:r„r ,f xY.�"„ r !, �4 f ;i S +i r.::� tr �t �� 'kY1�', i.''J.'n ,'"c;�1i5,=°�,i,+.. '� ,� `l -��; �+ ,tf' }11��-'r'', _li r , ,,.i• ��?_�,! �?, , ,F: :, •.la;r, �t�. ,,. ( ,.:1 r .(, `J,F • t rri r•' t{��4�(yt ! f �+y'• .;w!'jC'l.r s�� A �:�r ( ;}'j'�',f �i (�t%f j„ l,rf. +�.r t'.. /.�i' tyt.r #. ,'� ;r, 1� - '�r', , f' _ .t. Y.;� �;r:!,.•�r t44,. `r Tjyr L•rf�,-.1 7I laxt.7.•,�.•tj_.=, �`��y,��I��ii 'i j;�,��r pl¢,':L1 �l3• w�...'v f;.j r �:/ !,` � i %�'., .l i::, ,4 .1 r i�,, [ ��t •, •. r •, :�.1V F_Aa t `y# \ S r` y�5 11♦.Er r a^ 1 Zr r 1 Y 7� r i l Y ti 4 i s.r ♦ r yi7'-M 1 `t {1- iK y �. � �`d�:'.. r►t �r i't , rY. a��Ay'��A � i e. �j 1 trrr w �{ �.�: 1 ! c 1� `-' A. +, �r1� i ��!(r aY,ry JA '(.+• , t.: y{ vt F r„ i , `�.i��' i 7 i ..'� {J} f,r;=C '�z., i . yy�y A f 0)LU. t ...... , 1 � y � 'i ��f1., , c�.i• •: r •' ;., '\ r � tt "'.. F t•. v (r + .F1,..:�},.% T^'rtii r''i it:tt�if 1. 11 I 1 „Chaiiman. and Members ,` Redevelopiaent mgenoy o'''untfngion beach May 23, 1989 a,f f., page 3 fI The follo�rl., is a sGmmar of the roposed plan being ahggedied 'to make this a feasible project: 1. Main; Street and''�rac fib Coast N ghv'vay in the Fiicst, Block shall' ,provide for retail and btte nesg on the ' 1• - - ground floor,.lr r: .2. 11 The'-i "bnd and; third flooxs on'kiln Siredt k and �SciiiC C o`aet`'Highway�ghall b' a combination` of office,,,tket:aii i 'ghwny, , nti . 6 ace .with zAstaurant use oii Pacific • Coast k , p 1 t e second, third 'and fourth fioors,. + �; 3. 1I.I,,N4 iA ,4i•. r , ) The; Terry! Buick Property andld.be }field for ,,• development: depending on ''iaWr' a need', to be for- commercial or: office parkin`: Thii`:''I 1 not develu ' future ails,:he Ageric1 ed iii he :. ,be as: the owner` of tie site ehouresideritial. , 1 be e o s r sp n ible f oz -. aieaniing,up;�all toxins on the ante ;aiid the cost of ,1,.. da alopino•,the site 'so se b' provide; 80 :sFaces of \ piicl.ih pakihq: , I>R the event of ftltatre development o.t ^ the site, any; such de'velopmerit w41i cohtih`Ue to _'provids 80 Spaces of parking. q . The Agency s6dii1d keep 5 th . Stv6s i open to two --way. ` { _ taffio and provide sidewalks; curbs, gutters, aired i, i( pavet the street. 5 . } 2�ie Second block of rei 'idential 'aondomih ums sotila provide for 'a': maximhm of ibb luxury; units, oonsistiill of 1;900 square foot average per Unit. 6. Li h'er r the' Master%. DQ`velop�ir, or.� oroved J by" I. A" eric wi11 constru ement's; except--' S Y at alb mprov gt. hi di se to bav`e their i in where ;..,. ,. irtd�tridll3. ltdevelopment constructs}d.'b' ah 'Aher. zh • , , this latti�s instance, high atandards of atiality irtist .be l'net.. 7. Upon sect'ian,`of the Mashould pay > the ;Redaveiopment'`Agehcy` a' aii istanUt L 16 WA the iatuire Of ;$5,000;OQ0) .'telaki`v',e-*. soo 'after ,the 'ro' o4ii has b "r p p cen. acceptQd ,Thiel anioiiii will'`re��n blt�se the A en 'y . pe ` e pl1rchase oZ , q c for funds ex h'ded' ih th 1 '0 the'propet,ty , Additional'' inonipc. iail:i' bey ieeded t'a ' nsumma�te th'a pwrchase of additi�otial p'ro ei ties ;`on ;,, , coh I' . , and Gth` 8t`reets The; Master DL-Viiopex �tould')bi the fee owner of ttie Second Bloc�C axes, (thi`s being ' A, _. . the area ko be developed ns3 residehtis'1,' cond'omi'niums� a - A ) t r• X AI i, 7 ,✓,{i,�1 }v•;,' �i �J�'� ✓r. 1f3 f7��L1 E:ii y� AA'{.t �i� �\ r t !'� • 7 1 •1. I} '� t.��/�t� �>� �� ' I'13 , t�'��Jr � � 17 � r��t l lu 1. 7 :. JAIi 1 t •�tfi�7�{l►r��43`�`tPy its 1 ��i� i\��.'�i+; +}t�:�l.t f * .r�'v f• �A�7 t {'}j},��t,��l 1�✓,!) �` �� J+il �+: a ry. .j ' 1' ` ��,.� �al ',�"t.{rA �4A'" �S'. 1 . i�'T''• ' ri�l 'j/Si �l 1{! tS .�• �� a Styr r'. r r r!�• }h� !{ y/e� Ah i y11f•i t, �;11 'r,r�<.r��,�{1t)(� � r�'tl � ..T. 1 i�'. �1 ,� Sf•t+u � i�r} a�, tis� (>.t�+; 7i ilikr i-' \, i .t, r � �:. � c ^ )(1 1i1'�' + "..A� �,' j '.1ri h�,.!1•" MSt�J,FJtr•e�.1 ri �l41Y� ir,1� .-�'i� l t•lAt: 7 fit j,, 1-t T A-1-1- F 1 4. w•l- 400 1� 4 L; I. A, 1, (�t &w Z,6 A11 1 ►71 rV, V 1% J." II 4�' 74 N V7, FO, V o c air'man`and keinbers. Redtvei6pineht Agency of iltlhtingt6h beach May 23; 1999 Page 4 -'-� a, 11h6 Main- sti a 64h Pkbparty w iq)�i i4 iil e a retain their O'kimiting'fee, awheiihio of the, pkeieht i'lbig in the er6a of the Fiigit.;-Slbck, I,: Tfiki i property '1h a i4ill g6heraily tdtiisi intact; h6w6ijerjit- is To6eible id soinis,ih-stih6esi bhat',de'rta'ifi`Adjibt,rhs XIA p ej--' 1 6 Wn''Iffth' mdUld haVe to be MAde; F6k. d" 'lift"' c r 0 e -porrotibii of4thi',a•'roo6Ay-ftkie,seot Y owned m-ki em soppry, i y,guld iieceiiitate COmOdnm a ti6h, bhAInothez areas ekid tothem by the" - Agency on tr 9 Theaih Street proodkty Wheirs will e,, gra k I T :L- 'ki" .' ' ' Fil Trip, h or their. e at ng � par ng; r •pLr,ea hired I`hy'' any increase "ih,'bUi1dihg' �iduid- be achieved by-'i 1160iki6 -_the Meih St>rooet -'**6 Old CC'? 'a r L-1 6 1 p at Is i h - A �'-' i a A t e it tr', 16 + at pot iregiAred. uoacii,.' M mhe Main "Street F op6r owners wo 'd W&k , Ayehby .ihd EhekAjAer bI6�elo'*Ogi -seiicteci: to diii gh the eir ;p ail foi th'' 'entike. two bVi6k OiOjd'6i'- 11 lii�er evalo*per,, sEai*6L-ea,zihd�dd,f pay 411,6015 8 a, p].atiR3hg,; site preipai'd, t� ehOibeldr-ih, Loh 6udi tirc}iite'a :'liras. Ws'' acid deffi' olishih§ Of al-iy oEi the two exr�p bi6Ckj,hik's.e II eite vrith a the '06'r thy 1?ibimt ty hot. V.`�dn er 8 do e 12.' ai�Oer may -COW�Q'mihiiimi ihto AOIIiiUn-ents of lmntad whits of ihy n a re'O 'e M'- shb , did.-Jiay tie cdgt of 13. t6' iLih-. ��kedt., qr A.'Aii!uct on of 'w buildingsmh& improvements ne inay." A he" Vad 6 i' 0 o'i t J.6n of the common atilile) 14. hotila 6AJthe r6at of lstke6t,afid sidewalk S iftnrovambhts 'oh i4 ih S.-reet" all k6iated f a And 0 site COO 8 -4ht'.. 6 f 150i Gr if f kii-, Related Piopertle's 6ti�Zd' v'e n the ki furs r a the e . r I . tGr f f"i h `)Rci i iit 0. d r 6p e i i� ktj i lbe' A-b'dUt ,r'eqVired 'tO i:e'sP'dII pr'bh`p'U� Akt6t A'p. p. 'r, ov-a- y tits, Age cj'f.-,thAs P,irbp6mld. If 'Gr laced Prbpelti'69 .:declines' ne's, P must seek Maani�'thdkma tei e I errs aha thLAgehcy Y" 1 F R F T� 7�11 7517IR V 7 WA 4, E 00 4�4) t NA, 4" R iIs% 1Y N-v I.. �L, Z T"V F 7 RY"4k P �Vk "ivA J 0 L ;z Aq i"'. If t- %4 Oil,• Al 40 'h, 'j, A i,.: j • � � -, a, 3 r.J 4 t �'. '' s1'1�(.� j r � Y r 1 '. 1�r7 t '�� ai` 1 �;;� J 'r . rt- t•"`t+� i., err •I i :� I l ty [_47 f j. .: ! 1 ': t ��' ' r 1T• ( •J 't:. t• ,ij'•.ti :r/ -v� is wh f♦j •r�, �'?'�d� t1, ,y+ t�',�,:� ,fir '.ti, L•{, �r,',.:.f��, kid j�f , t. r t"r k�. i t. a�{i J 2r' � - 't i� , �N�r ��+�It :�'1 ^y^� _s r� �1 t1.ir •�... i••,. �� 'A" � t�tfrit "'(+ii�, t tr�_2'� ..! �i y ei I:F� !� i1 l.f:t � �r r • t.? e, � r � _ p r �1t { �' Ohl f t}Y, y,Jr s' t. r t, tSe..'f s^ t1 t� ii i• Ix'.r-,y_ � .? Fs ,y„r r �i 1 J° �f r Y x rS � �•� {s -,+ 1 .t<1� r C+'{ t � > J CIF ' �i� "/^t t r i t•i+¢ r � �t'r.. I JC Yriri 4 ! .1t 1 rt.; 1 S V f r i%Txr t Xt,,,S f!! 1�•�y,:�c e'.•!. 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'.' t� ��,I Y'}', !{:.1' i, �.:a+ _ 4{ l.l•.! h. \ i M.,x ,� 7a.'+,r!, '� i,. 1}..s = .i .,� t i e � tl- •�;Cr1 •Cr }= I, rl `�• C,..,_ t 1 4.st: r._ tj!l• '! y tt Zkr. �' t! 1�1'. 4 r' i 1 t t > 1. t1 . �'4' t./tis ;�{{';f;• � ,P tf rf' �� y, J2i 'L� t` J l y+ 'f '�:yi ,i, t,:il .•;fc, 7t �f, ,a„e '1'e.' :. ,:.+i:i; ,4' ',: Ji' - { •r •.� �I :Z , , t j ,,. t �+,. • J^. �i}ty�'� j:._-.•� ,�' •}. !y:. �. �; }•7. p' �i .'• il. •�, (j '\�._ 1.' . s .r" :J' •'w� ♦ V •` ; f. vt-, 2. ':�"i •• :�lY ��l•1+`t• +.:;d �!_� , ., fl .,��,'" s`..` _ r•`f.�,: �,?,I "i ir�tt:+'..�:s�i.�1l: r,`��"� G,R11':.'�i'•+I t:'/. J s.�^ll,t,5 rl.,� :.. ::yi �+• i,. °zr. ,'t-• ).+. :,,f �•�'�''i: i.:ir' k�.•fi.�.5.:lil�•��•::ir.n ".i.�. ,zwatu _ !>.� I`_�•,,�s `-I++•�i14t� +s'rT:. V. tPf !'F t'AM 'Y. •,!•. Y 4i. NET �.l �;1� f G„•.Ylrif•i�n�� ,1' If Fs�•. i' �1 t�:i��•4.7i".r.��ir.=.a7.i.iUl-w-:..off.,.. Jla,....•,.srk t«. 4 liEth frJi+ 'V�,� 1! Y'z ;, ~• �{ i7 / - „t'4. l.�C�t: c'.\� �r R t t''�rf��;l,Y�t{��}'sl � ,' .... `'' +{� ,L J i �+� r� C��JrrST R RECGEVELOOMEN 7 GENC �f ACTION 1 r ;,' r ,L �.� � , f, , f �+t ,:•;. _ _ 71-t`Cara 'r -.---- � � or y h� �.i� �TC�Sss `�It�t' 1��`� . • , .•"� l t`'/!�•�{Y�LLl��„� � '' i i Submitted to; ` ` #, � Hanrn•able Chairman nd eaiavrin) i rit.A�ent;y Members T C+ Submitted by: Paul E. Cork, ExPcuti "�iirecto.�T--_ Prepared by: Douglas N. La Belle, Deputy City Administrator/Community Develepm r t : r` t \! i+�.w` N.�t j•trrR'�1.1i rl! IIr ; �n •;' '. MAIN -PIER PHASE II STATUS REPORT AND RZCOMMENDATION FOR Ate' Subje:t• �' t 'A EXTENSION OF TIME FOR NEGOTIATION AGREEMENT ��. ; , Ll I .i it x ? t Consincr+t with Council Policy? D4 Yes f) New Policy or Exception r r. c. rr ,ri_.. ; j ��'+..�-'�••r'• i.f 4+ "=T t' ^ a .. w ,.;; Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: 4 it�+al9 �' i11 j! 1 -NI OE SMEME r i r t;n C++:tiemtr 18, 1987, the City extended the Exclusive Negotiating Agreement with GrIf !% Fealty Corporation/Charles River Properties for the Main -Pier Phase It project. t ii*cr.- .uzc this extension will technically expire on May 1, 1988, Griffin Realty Is �tr}," �'� , L .=� t5'� rEt�u>~S:it!„ atwelve (12) month extension of time to complete site::'ssemblage and J` t 1' t{° finalize n)t sr:ceptable development plan consistent with the Downtown Sp(rlfia Flan. RE Based upon the tasks to be resolved before a Disposition and Development Agreement t t ,� can be negotiated, the staff recommends an extension until July 1, 1988. Y�4 i It . NA YMS• I-, t'`� ♦ ..n May 5 19$7 Griffin Reap Corporation and Cliarle•9 r `it ^ - y 111ver Properties were accepted ,.� to replace -A-M Equities as co -developer with the Main Street Property Owners in the Main -Pier Phase Il ro sett thus, assuming th'sir iL,��: p 1 g position in cite' Excluste�e Negotiating � ; = Agreement with the Agency. The Clti,/Agency has been working vilth Griffin Realty:, since thet'date to develop an appropriate design concept for the six --acre site boAt unded by *r s;ij!aii t'��,c• :�'' Pacific Coast highway, Walnut Avenue; Main and 6th Streets, within the guidelines of x ,,,:; € ; t}„ �r ,► z; the Downtown Specific Plan. The current concept proposed by Griffln' Realty includes K)`� ` 220- residential units and 35,000 sq.ft, of new retail development as supported by the >2 MOW marketingstudy p-ovlded b Halcyon Ltd. for Griffin Real In July of 1987 Site 1 �O" �i (;. assemblage for the project Is currently in progress with the City Ovnina several major r , Y �'i`�� ;f properties, Including the Ter. y Buick property. The Main Street Property Owners also ;�C t 1 t> •'t' L' represent several interested property owners and acts as co-developer,with Griffin ReAlty. i a fi r N Oe. December 1, 1987 the C'.zy requested and later recel . ed the Release of Rights in the .+`. "r,•' Terry Buick escrow from Griffin Realty Corporation, and a copy of the Damns and Moore L r < hazardous materlalN site assessment report, to response, on Deceml:Ar 16, 1987; Griffin t r'realty requested that the Agency recognize an Exclusivt Negotiating' Agreement " ftwgh May 1, 1988, which the Agency accepted. 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L NCO i"T" Jc- JC: rm pi-t ire 4 4 Tr .1 ..4 Rialty Conmratloin' dated March 24, 1988, an extension of the Negotiating Agreerteint Is ".i- pil .21 eques�dd to allow adequate time to address several Issues before entering Into a now r An�'�,�:LI W Dispositloit and Development Agreement. The pertinent Issues outlined by'GrIffin Realty Include completion of site amemblage (including the consolidation of oil storage tanks), r -est ei ablIshing a working relationship with Main Street Property Owners and other rrt3 property ownerb within the rroject area, and preparation of f Inal dev' lopment plans. 1 EUNDIND-SOUK. Ai None required as E result'bf this action. ALTERNATIVE ACTIONS: Q 1r�rrrl. Modify the requested time extension. A 2. Do not approve the requested extension or tirr.e. AIJACHMEM: 4, 1. CIrj Administrator's letter to Griffin Realty dated December 1, 1988, tvquesting 1 Transfer of Rights to the Terry property. 0 yl t. 2. GrIfrin, letter dated De'cember 76, 1983, acne S ns and ptl�' Tra ter of Rights �b requesting Exclusive Negotiating Agreement. -Z. �t it�r {,` " `' " ' Y-� 3. City AdmIr.'Ist`rat'o'r1s letter to Griffin Rea;%* dated December 18, 1987, accepting Exclusive Negotiating Agreement. �. ; { ,� 'k �, } 1 � ,/ !� y 4. Griffin Realty letter dated March 24, 1988, requestIng extension of Negotiating Agreement. PEC/DLB/SH:lp in �q ! AIV :. 'lu 3656h F, vu tj U V I F i 7r fpj E 1-1 5 , 'C Is'� 3 7 W. L4 • ►LRs "A�*, i, 14 �. !Z �. X�t , ri V"I C ;A—y- -A T� �4 q t j) "ry Ol®r i f) V .71 0 -A4 I %Otlrt' Ij WV 'v,'N41 oe A ALI V 0 4� h. P, worm- i 4"V 'I At -!',fi W -it tA .4 "!,� Z qNh, i ill %V i i 'y PTi 0• Are I, rz_.CAA 1 ge 3 - Redevelopment genry Minutes - 5/4/87 inted 2 staff report. Steve 1kohler, The 004ty City AdmInIstra opment pr..—. I todRedelw!41 Princloa" Redevelopment Specialist, revizwed, the'r schedule of performance und er the Disposition and Development Agreement. rho may6r/Ch4irman declared the hearing open. Mwmay Kane, Attorney at Law reprr %enting Rellable Wholesale L'Umber, stated reasons why Reliable Lumber opposed the project. t PhuenJana 1 h, Environm ental Consultant, stated that an Environmental Impact -JW__ Report should be prepared and should Include stuohm pertaining to traffic Iccirculation,_W parking, air quality and Poise. me Higinan, - owner 61 Reliable W.olesale Lumber, stated that In 1979 Council approved an amended plan to extend Redondo Circle to Talbert Avenue. ,"ILIlere beinil nb one present to speak on the matter and there being no protests filed, either oral or written, the hearing was closed by the Mayv4r/Chairman. !A The Cfi� Clerk preseriked Resolution No. 5771 for Council consideration J t i `� I CH APPROVING THE, SALE OF r. pESOLUTICN,OF, TILE CITY OF WMTINGTON BEACH REAL' PROPERTY IN THE TWLBIERT. BEACH REDEVELOPMENT PIROIECT'atREA ANC- ' XENTAIL EMPACT, AND OF ENV',1q0N-. APPROVW.G. ?NEGATIVE DECLARATION AUTHORIZING, THE "ECUTION OF A DLSPOS7;10N AND DEVELOPhENT 0 AGREEMENT." Th•eClerprsentidRi Mo eotutlon Na 141 for .Agency consideration - "A* RESOWTION `01F THE REDEVELOPMENT AGENCY OF 7*HE CITY OF HUNTINGTON BEACH Apprv-.)VING THF. -. SALE' i0F REAL _PROPERTY : M. THE TALBERT -BEACH REDEVELOPMENT PROJECT AnEA AND APPROVING NEGATIVE Dr2UARATION or. ENVIRONMENTAL N IMPACT AND THE EXECUTION OF. A i3spoirrini; AND AliTHORIZINc, DEVELOPM-ENT AGREEMENT." , r. Discusilon 'was ht.14 between toun61l/Agefty, staff, Mr. Kane and the Cl.Attorney ' Y. regarding Redond&, C11rcle. Discussion was held between Council anti :staff regarding Including Southwest Quilted Produces In the UAgreement. Disposition nd Development Aeement. A. motion was: madfb, by Erskine, seconded by Mays, to'approv e =the Disposition and Development Agreement subject to the 1 adoption of a Negative Declaration and expungment of the I.Is pendens. Following distimsion, the motion was withdrawn. motionwas maide by Erskine. seconded by. Finlay,, to' continue consider-0io on , the tii proposed sale of real property located on the south side of l filbert Avenue between Kovacs Circle and Redondo Circle to June 1, 1997. The notion carried by' ache following -W) call vote: AYES: Winchell, Mays, Finley, Kelly, Erskine. Green, Bannister - NOES: None ABSENT: None TjS RMI& P&OMRIM MEW REALTY CQRIMUMN A fW&MM-11 Mom The City Clerk/Clerk presented a communication from the Deputy City Administrator! Redevelopment reporting on the Main Pier Phase 11 Project. Material and ji 77 Tyr. -RIR . .4 yad rm� f NoWPE W a 361.;'141 1=7 ,, . , 11 - .. !�V� 1W I ot�. t I I f tt VIA, ell $ 0 .4 1�!` 1:4 41 fYl rllIr ._rim xr HYRIFF A, M,111� X ME Se 4 Redevelopment AgencT Minutes - attachments an file in the City Clerk's Office for review: Att&Ghment I - Negotiation Agreement - MaIn Pier - Phase 11; nchMenj 2 - Notice of Court Action; Att hment 3 - Letters from Griffin Realty and Charles River Group. The Deputy City Administntor/Kedevelopment presented a staff report. 1113cher referred to a letter from Charles River Properties/Griffin Realty Corp'oration dated ApHl 17, 1987 outllnIng their position and making comments In regard to the Watts Smith & Associates, Inc. efforts related to the same f"Ject. After reading from page two of, the letter Mr. Tincher stated that he believed that efforts made by Watts, Smith & Associates, Inc. have been in the best Interests or the City, the t Redevelopment Agency and the property owners concerned. Discussion wao held between Council/Agency and staff regarding a good --faith depwit. I&Icha Harlowo representing the Charles River Properties and Griffin Realty Corporation revi-awed the schedule outlined In the RCA dated May 4, 19RI and stated the schedule could be met by June 8, 1987. km'6't , Ion warl made ,by Erskine, secorifed by Mays, to accept Charles River Properties and Griffin Realty Corporation pursuant to their letter of April 17,1997, and revised schhe idule of, actions; iiated. April 21, '1997, with development conditions A -Jo as set forth In t analysis or this report; and require that a twenty-five thousand usand Oollar ($25,000) good -faith deposit be , received by the Agency for 'Friday, May 9, 1997. the motion carried by the following roll call vote: AYES: Whichell, Mays, Finley, Kelly.Erskine, Green NOES: Bannister ABSENT: None The Chairman* adjourned;aed the regular meeting of the Redevelopment Agency to 9:3b m., Friday, May 151 1987 at, the Huntington DiAch Inn. Clerk A17TEST: Clerk Chairman . 4 Y-A- ; -,41�Ply , i'iV(4 ',7 I-Vt .4 1.U:. I R � - . rti '. .�M�-- A� t- . - l,, L.(, 1IT1 II " S Iy, X t R 4 t,4x .1. OC AYI RN 44. 41 0, 'I 4' , !+ r f t { �• 'f �'pyl' 4 I ! { k r't. l?.', I{. ��' ��f�=r�:; ., '•�F� 7! :-1 r ',L (ti t''-T (. 1i, .. 2. t! r ,�.a : X,� I,,�," ,.z tr, , ,i' iti,i) .1; T �1�. �(. '•�/y, 2.} '-+. •.)2 '<. , :r } :fi. I., , *�� ti.:. rl...F:1; a°,.1�.'t l� •- ` j�" 1 Si> .,'i� 2` 2r2 _ f ; '�' •r` 'ti ' ,fi �« '+•� �1 { , a..4(t - t Ir w • a t,.at.• t , . QN..r1 ...Erii� )y .�rr r t. y�l�.�. -liS, rr �7 a- `), - iT 4. ar•,t fl •: ,tl•'o �,•,.0 1 4k� a; Al W,7t. * 1, (t' jt t r t, T't i` J } t'+.�4JJ sy. ..•:,} t ,.:,• �'is'J.,:�tiy T�, -"f'. ;el�" Ii rl r t "( ,.f i•.;, N t r.1.F.')hi;'S' =- ;', � .til•ra :'r �;l(• __•: ,;,z J rr r ,. ! ') tr E, r z, ,,:� iA s C .:y��} , �5� • fX't t :si :rt w, t.l Irf t 'i' ,. ` .t� 1:,,\I 1• . ... '.tl + tit 701 ;Lr w} r , r ,,a'�t } ,, N.:,S *t i !T i' t i I J ` � � r l I 1 v-j ' r" ( �� '•l l.,•rii � , :/k t / r•t.-�J i t, 14 .•,...yet' 11 't� ,,x �",i� �� Ir •,� }�lri' w �•�: �rr �+t,'! iT .�t' it` t ,,1,� yt`� I , `..: kfi Tw:'t'�''�1� } t 00. + • �y `t - j r, .'.eY �'�{p��+ l+:.e•. r� ri .Y: ti'. ' , ��•• f,` 2 ,r .:r/ )r+ #'• + .'t �,A fi , r t tt l r►, R, sf 4,�.y�,r },<• �?PrJ••:. „ !'tr - 'rr i- t 2 i ci�� 'r.' •C2 ` ( r Sff +'$� •i (. i�' -•..:tl` Ttr,•is .. ,;.�,, ,. ,f � ,..i. �„ `r' i.. �; ry f 1. r: •'!� \, 'r. Y � 1 n! }._ Ire •it ":.'' t .5 • r, • '� r r I + '`rf� t t ••�t ( b. , :A �1't`•'.t: 'fir:i t ' - .T '�. , t 1ir'� `7'��941t � :+ •{ i.. ,, ,. Qt(, l.,i l��y,,. ..., } ., ,�• �f d•� `t.•t�Y, •ii . +• ma�yy(('� �'�' r ,s,.r a r., ... < r+ :'.!' .r` . �.,. 1' rY 1,'r 1. '.� ., 'pit 1 r',,• � , 'a} !1+•+" ] �� j !'. ' 4iy �;-4.ifi��1'�+•_.f.-�{ 4� •:•a ;ta S ! rl,.y s. 6 .e. .,. 'Z%' t ., ..f..•.i�..,....r. :'+'f1r.r.:.1 •,:r.T11.t2 �(lr1 3�'if 5 L a i trig. s, t I !: Jai r ' fete•' ? , � � . (n 1 •i+i is di,ft r 4 ` s te,J WN �•,s 2t a�} t .. t, •} ' .': � , r t . eft , •• r it�T 't 1 - b,i�C ti , c•at } C TY or HUNTINGTON onACH • t I` { COtli ICI L • ADMINISTRATOR COMMUNiCATi0Pt1 �" `/ �7 (`"''°'"� r f; iIUMT1NGTgN �tKil � • •, t';: �1tc^'s-u•�+r,�- n r� �` � ��; i Sit �? To Honorable Mayor sad From � •�7-� � � Charles W, Thdjmpaon rer_� City Council Members City Administrator q ,ti. r . Subject MAIN -PIER PHASE II Date , ,, ••J `""'� a ? s- e1v May 4, 1987 BACKGROUND INFORMATION .1 CIIARLES RIVER PROPERTIES AND GRIFFIN REALTY CORPORATION r G / !�rL>cs�f�� rv�, • ,y,' Staff has been In contact with a representative oZ the City of Santa Ana with regard to Griffin Realty Corporation and the Griffin Towers project located In Santa Ana south' main redevelopment district. The comments staff received were very favorable In terms of both the gitallty and timeliness of the project. in effect It is uur understanding that they built more than what they said they would build, In a timely fashion and worked leery well with the communhy. They brought with them to their joint venture partnership a strong financial partner and are now In the pinnning.stages of their second project which will the approximately a 2 million square foot mixed use development of office, commercial, and residential uses also within a redevelopment project area in Santa Ana. With respect to Charles River Properties we spoke with a M r.' Sweeney who is vise president of the read estate group for the Bank of New England. hi r. Sweeney Indicated that the Bank of New England has had a long standing financial rela'tlonshlp with the .Charles River hark Entity 'of whichCharles Inver Properties Is a subsidiary. The Charles River Park Entity has built over 4,000 residential units In the downtown 1303ton area., He further indicated that this company maintains a checking balance In the middle,7 figures and a savings balance In the low 9 figures. Staff will continue our background analysis of the Charles River Properties and Griffin Realty. Corporation as a part of our review of the development concept that they are being requested to submit. We are currently In the process of continuing to verify the experience and financial ability of both of these entltle3. Respec ly submitted, rles W, hompson City Administrator CW •f/DLB :sae ry • .� +Y rtpl 1 ,1 ,, ,txtt 3193h rr� isti{I tS1t} ! ,f , '[fit �i �lg�r, •, ejzl+ it`JN� t •y it a" "1'4�� ri? f 1 r ��• : t;} � Jr�� { yr+ �'•Tf Ctrr#ttt�Yi? 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(:i,, (:yT..,t.. 4#,! �.i , :.Sr•� , -,)�4 rtr, /'i.i "Irt ::p' , r, •t7''irf.. /.Y+ e. rr(J•1 i •J �..1 1r `. tCt Ky :•.Li :!',�.i!!"• r: `'.}r •:T ;rx .r•�J + fi �:h � .. ,(,!� ras�'�'� t t rr: r;� ,ti ! .. /(,f � l� (.+,� , } ..r r r \ + [ rj �v ♦ :•11.� L 1 'i 1t.'itr ( rr' ,r9:aye. :• •T J 1 t.,'�, 3T / ;3 ,f.z..., {i tt�rrsltiY,I}.. ( f St.. ', 1 ,..• n( i. z, ! .71 i •{,Ml a ;rj• ts'L r .if Y ta, �,,. �, Ll3v ....,. : r,t ; '�•Ix ! iT 7) 5 1 . s - {{t, i .r 4,f� :! ( f,,}1.,r{:�{1' �!a•� � "y- 'J:' 2'4l>rj.2t,Y'r:`i"y,, �,..•� '.-7�;_,�J�:,,1K. ,. ,'r,, 2 ,��t t�., _ 'r• ,`j ;i• � �''�; rr l ti er rr. ' 'r ':.. �,J� .�-,��^1C•tt, f.�. :_� 1>,.'{•�.t f.., �t J.s{t'('� ^7'.f La'E,' r' \rfi; ?,, f., ,i r ., �, 4�t '/• -'ir T, ir t �.,1 4, .., rff :. '..icy Y `�-l-.lt k i,.ti;(r. � •rr....(. � ,.. ,, .. is .7•✓: :.i:.` ,t� s t .• : �, rp 1�. •?' <3 NT%t.t 1 ? ;2 j.s,r.frj ,t t`'�; � 1%.ii�t,, + t'�, vt (, •.}.t' • `.�•r� _f` t'li!• ` ,t 1.. .,;., �, •d ,tF � t t } � , 4 •Is t�f � rpv I' 'r1?+ 4N ` A 0 E 3EMW A r r tll�- "V114 N. `h;� .-Z I•itV? W 7�1 t 4Vs -3, I 15 4. f 4j)' TA lop I A -A vs ilk :Page 8 council I Agenda 5/41*81 F-4f. CONSIDERATION OF REQUEST OF CHARLES RIVER PROPERTIES A. GRIPPIN REALTY CORP,RATIOR dommunication ?ram the Deputy City Administrator/ Redevelopment reporting on the Main Piar Phamet 11 Project. Material and &,ttachments an file in the City C14rk's office for.review. Attachment 1 - Negotiation Agreement - Main Pier Phase 11 Attachment 2 - Notice of Court Action Attachment 3 - Letters from Griffin Realty and Charlao Kl—ve—r Groups RAs (a) Accept Charles RiVer Properties and Griffin Realty Corporation pursuant to their letter AGENCY of April 17, 1987l and revised schedule of ACTIN acti5:.*js dated April 6211 1987, with development conditiona,�A-J# as set forth in the analysis of thla report. (b) 025,000)hgood-fails yihdollar gll� dioasit be received by,, the Agency for Friday# May Be .1987. ED, 4 epw Is�ay�', REDEVELOPMENT ACENCY ADJOURNMENT )0 4 4"1 Fri 0- -V y, r J�( 'V117fl-K" 4 OTT." r A ! �l r A�4�rti„S .,`tT I � ♦�, {' j s '' r r r i t' } A r .t F4 �>lr f u:( ,' �rwt+rj ) " t3 � ..�...., U" 1 f ' r � •1 r},� 7 } lr { zi�fl( ryi •rf ,� J Sghr.',a�� s }{Z{..`i hf '�� i�, ,z�' f�' � fr '•,r r ' - { 7� 7 ,�. ,! 1�. t. 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B - ENIIIF30NMENl`AL IMPACT REPORT 87-1B R+�ti -- Ban Env ronmanta i'. i i�,; "'"_� an ee ement linen tnent Impact Report 07-' Do Land Use Element Amendment '8i-1B ie an amenddant to ties Gone Plan which covers ' s ' f ,f �O110W�nq itBGla! :11 �•'�j'i 8/0 - a r!quest by tho Beach Area 2.6 ae Warner hunt ng en sac i e evelopment gencY to redesignate, 4.5 acres of property located on the aout'n aide of Warner Avenue, 200 ' �' st of Beach Boulevard (between "%°►" And "n►' Streets) S';`, feet ea from Medium aonsity Residential to General Commeraia3i� 't'h fry property is located !i1 thin the proposed Beach Boulevard Corridor Project Areas riAI PZRecommendation iF pprove .. 7-lB, C' !1tt (b Approve retention of medium d p aiclential an ;l STRAW Area 4.6 41 VOTE Stuff Rec men ion �ItP�I a) Apprc v ,�= Area 2.6 to Uene'ral (b) hp ve re signation of �►_ 1►i'ea 2. / n�le Warrer� a o_Hesseh -- a .request by the Huntington •eRedevelopment Agency to redesignate 20.50 acres located on the nart� aide of Warner Avenue 500 feet e/o `Beac:h Houle-, 1 yard from Law-Density=Resident'ial to Mixed Development'. The'' site is prey®ntly awned by the.Oceanview 6chool District and", ie located Within the proposed Beach Douleva.rd Corridor.. l.vr Project' RAt ` pr '& Staff Recommendat�fon r� 1e Approve EIR 9 -iB , "STRAW roves redesignation of Area'2.7 to Mixed b APP Y� 'Development SAW ��a '• �► IAi�i ?�•'1, r...i f ff revs w" t . r111AL ACTIONe - ,RECOMMENDED COUNCIL. -ACTION - LUS`,AMENDMEHT 87-1Q r A; Approve - B and a opt Raso utzton �10• �+ 1 ; � ,� t!r ii RE90LUTIU THE CITY COUNCIL OFTHE CJLrx OFUNTxNGTON BEACH hPPROVING LAND USE ELEMENT AMENDMENT TO THE GtSNEEW+ ! J FLAN 87-1B AbM!TV (9) (5/4/g7) =-,.e ,yj�}�N`ir,�:t�S_ Cr�. :"�i�i�j•�� ...rT..'I<.lr.•fi:i— �r-1z)5.':•.1.}t.'`�LL��.iF.3�i'i��t"i:.t+t�f�:'�A��.•E�r�'i_'�s�r1li:i. -�. .v-A:-.: r� rt I 'j'1`7�.1 •,Fr f� F v4 r•f��l' '� �'%., fi J~�}k!k-• �7 r.. �;1 r.Yl r t t.t •_ r i� 711_ �•. :1�7�}'J,:I �'�I�rfAl�i tiTf r�iw'k. 1 510, i"R � �J • � ,... r�ttr !. t�`.T�♦J!wffr �rt.l •. •� ` rf(l J , �.:, t 1.. i i..,, t fr, 1..'. r t�.y p.J lf3� `Sl,l� 1 r (S it ♦�..1 •r � ��tF !I �r S-.4 ; 1j,�,JV L� 5(. i� A T v ;�s�17`+ " W SDI J 1 1� o ..10 .7 rr viw f- Sze 1--, ty t F ,2*' 1� ,'r,WIJ r 4: xx i"P R NA Zli"Y)� Ij 4t. if,A i,, t '11i to U 'y CO N ACTION REQU FOR,C11 RH 87-3.1 03to 4 1987 ........... j. it y lembers Ity Council N Honorable Mayor and C submittli to: iIty Adrn!n. Chnrles W. Thempsont C wspp- Submttod by: 'N" '1-,,y Administrator lzedevAopme Douglas N. L.a Bellel Depilty C, prWared by: OF REQUESTULCli&ELP CONSIDERATION MAIN -PIER PHASE 11MR011RD UV' CITY OtINOIL PERTIVIS REALTY CORPORA 0 Subla AND GRIFFIN RiVeR PRO 40, 9 zz J Yes Now P011CY Of Exceptio ConalatentW ith COMO POIIcy? >4 aly3li, Funding SWING, MCI 11t WO f issue, Recommendistion,.Ani 511118ment 10 STATULiENT OF ISSUE1 �A V Main -Pier Phase III oposals (RFP) proces.i for R st for Developer Pr ig the Request owIr FollRedevelopsjib 2% 1936 19950 the menAgencyr on M a iii.v"Ac 1gr latter art of P.M that began In the p ific ukAed d redIntoa Negotiation Agreement se'lec'thaPcets, II&J ' by P.C.H-,Walnut Avenue, M ain and SIXth Strihatgroup forthesite b In' �equesttedeby popSrth certaThat agreernentl�whlch et fo . irles River Properties and y has recently btan the Ch ; -pri attached. The Agenc,me to develop a Olect In Art �6�'.. a period of tl Red I ty'Corporatl on'to allo;k thnrn per Griffin' e, f. o Iginal Negotiation AKreem n C acc:)rdan e with' the r tic of an RFP fore poiltion bu n ;ly authorized thedistri, 16prnent Agency recent town Core project, The Redeve ''I r R�development Proje,ct Area known as the Down of the Main-Ple and the Nlain.-Pler Phase 11 site Is within that larger project. RECOM MENDATLO—N I LAccept Charles River yCrporatl on pursuant to their Propeales and Grnit an' id revised scheduln the s dated April 211 1987, with letter.,of April,17 I 1997, at I the analysis of this report. set forth development conditions A - Jt as it oo) good faith deposit be rece id tho�tand'doltar GAO 2. Require that a twenty f iVe by the Agency by Friday!. May 8, 1997. ANALYSIS: Operty ha's been In The Negotiation Agn*ment with the Maln'Pacific Property with'A-M Equities. To that change In t)rin6lprls occurred in If, to I aheyance,since a taken by the MMn-Pacif Ic Property.. Owners point, considerable work had been under �iarn fnr th� Nialn-Pler Phase 11 site e'development program towards', the cornpletion of &..viabl' I the',change in deals, In InAer rnI s of the'requIrements of the Agreement. In view 0 M ttalof revise stairs anilysis, it would now be appropriate to require the sub information to determine the viability of a new development concept. � r �1 4;t 41 nia T 2� w vt. 4 re If, 5 UN 3 40, r. 'IT 0 r 44,t �� r: ,.: .: �� T! t., llJI` f,'.I .. r ., , r. t ,•y, p ' !�' r< •_ lte�`; t�ii.i t s �''}it, .ir`2 ,; }'' t iI f/ ,1 �! �, � s �.�� ,t�2� ('�{, i't•�4t'; r 1 .. b� 9 � :� �., ♦ a, 's.y'., '�: •r.�.•,� `, Ir -y { , /'(` .' j�- 1 .i'7 :''2 '/ IL al^.. u' .: ,�2. �f. (jt.,1e.•�h r,.,. •.•ti' �'-'t / .. �. �{+( r '1' t S+ ',ir i �.�'f� 1.1^' `it. �..4�'{ '!.�'I/(I '{'M}+•Y,�« r,i,.y i 1 a 7'.• t r tiptipj t, : t ' /) •, : l+ ft , r, 1 • i l,s� 9 f t S t'L ll .�ir .(I •l. c t. ,I� j ti.� ram, �r j i ��' I t f ' ' i L _ , d,a 7 .r .. t 7 ',, r! % ' t ' '..,t c i r r i ,+ L► r. '.1 � I��T�, � r4:r. Y L ..tom't ti-�/^. ,I� .\}.'.;i S ,�t'.i �t l7 •r (: Rr'.: C!- iN 17 h �` yt ':il -J -! .i. '`r.�s :� " r .• ,, • t r ,�' �r4 tt' ,�, 7It 'Y 1 f{ f:�{ '!•'I' f)� } /f air •1 �_ h 't�.i; S�r�Y1 t; ',..t_`;+t 'l.J' Y.. ,'. :'r fTr 1 ty 7:C��111 t, �0.[;'� i .L-«„ .•�,�1. ,. �;�L: li•;:fir ��+ }+ i' } �r i1''� tt r ! 1 i •?.I (}• t %/ ; { y ::t 1' 4,'M` !lt tprj. '=I- 111. r• Ww:i-'.� Ir{ ,`i. ,r,J ;�. l'a'..1, • ', �I,'Cx, P'l. .!"t -�t > :, f1 's ',i it> r ..1 .) `I Y + ',: ••i�. „le. • 4 q' � � a�j: -• 'Iil '+r' � 5 ,, • 1 y t' ,. •I I >i t' aA . ty •�s} r! r ;'�7,!;tt . � 1;�,'.i" ?1�'r-'�� rit }i•,F, Itttww/S•(�}^ , �ri�K!2>} 7� 1 it ,•i �f t �'. (. 2 t !1 ( t�y. � }y 1_i�,} 7..;."Y � fF i � '.ay ,rl 1r♦ � r1 J` ' �_ /.,..j,, y' 1 � f J T _ � � '�7�*D+1 .�� 'fi•w 1 /. f `=�, nr r`eai tj stria '�r .1 rttl` �., 7:t , '1 r•;it (t.l� 't rt t �, ;�• Ir rt• ,t. lL1i«2 =A f` i'., s ,•„ .�.I} ti ,j� 4, !t' [:. ��f,ir�''N^:!1''d%'.�t� S .1.'.; �2 ;.1 t• fL,Y �Y rl;7� t,,. �,, .Y:' + (if ''! j,�. r'4 .r f'p t'; S r .>;•.'. ,r'iil .��fY � �}1T! ;t`�� 7 1 'i!� ��.'. r f •,'�,•�'� ,�, ft•i t, 8t7 '-�S�i• .yj f � ae _,i,� 1'f � 't `fix t� •i:7 '+ 7t r'2+'� .�: �r't it 1� r� ,� +f w�, .�1 ,. �tJ♦� ''� "1, 1� Y • 2 L f ,�'..;' Y r ..li, .r� ,1 S 1 _ �'7.1 � 1 w ,�r 1 5 S� NIL f t 11f !1 r, �' r l +i t t 1 t ."f Y• t.y �-.i ja. .,,,,t 4 At '�{� �! •f! ' .r �} ,?• �'} "f. .1:`Il trl 4�/7y �': , �f:t lr+"iJ�t N �'k �w�. a, �l• f'',�t. •'` r 1�1 +� i 7t [ ,.� f 'yi�l(i �� 2..j,' t•._• ' jtl �,�iy�i a�- r� . e.., �►�i�..!� i1,�f i+� f' •t` , ,r.•~11 i +` The development concept requested in the recomml:nded action would include as y; follows: A. A detailed statement of land use/unit mix and preliminary site plans and elevations, and tenants from whom signed letters of Interest ♦1 Y and/or participation have been obtained; 1 '. D. Irstimate of development costs and operating revenue, and equity rf requirement; r r4 •%�;-`t,;;' C. Ke assum tlons as to economic feaslbll)ty, such as development rl 11 E �,. timing, and any commitments expected from the Agency; j`:crfis�7 analysis of rehabilitation 1s contrasted to new construction; ! 2 (.l D. A detailed y IX E. The proposed scheduling of the proposed development;4. t tt ,~4r F. The proposed source and method of financing; l ''!�•` tt , y*r(pu,� G. Detailed biographical and hackground description of ,the' developer (ap,ti t}��` / ..'' J,t all principals In the proposed development'.pntity), Ipcluding such 1 * i matters as (s) prior record with respect to the complet•on of projects, ' t ';► par hose of a sca', comparable to that propo ed herein; and .� (b) record of tlrr�ely perforti7 mance reflecting minimal litigation and/o, tWr1i disputes concerning the payment of o y.nturers, contractors, suppliers, or,. taxing autilorltles. it is p g p Joint that the Agencymay take,appropHate .steps to verify such matters, and the developer agrees to cooperate lr,.furnishing such Information to the Agency; y r�" c V t H. Identity and audited Hilariclal statements for guarantors (the'developer `�xr ;;; acknowledges that, personal guarani: es, or such other assurances as f1f. the Agency may requlrP, shall be required with respect to obligations k 1"iY>i �� , s of the developer. In the event the developer does business in a , corporate or partnersli.p form); I. Proposal fall 9lte'assernbly specifying the amount of devcloptr's.,fu�ids available for'az,quisitlon. The develcper acknowledges that "Age ;cy �i funds may not be avallable for acqultltion and that an advance of ar; funds by the de4eloper to'arsemble the site (including acquisition of interests inproperty and any relocation asststanca) will be required; - and J. An executed written Agreement setting forth the rights and `t obligations.oi each party. b' f ` VIA"' ALTERNATIVE ALTERNATIVE ACTIONS: +ti G3ui .r r 1. Deny the request of Charles River' Properties and Griffin Realty'Corporation, and direct staff to transmit appropriate notices of default pursuant to the Negotiation Agreement. ' rr r l,• ra ryw�a ft�.}1 2 1 �i �7j ,t��rt�-•t?+t` C }l`.l, ; � 't li} Litt i `troy,• ` �� i+j*: � . lei i>l7W_'; ss f{tz� �� ' fy,7�l, irF• G �i/t.:�11� C�'�1�(�+� Ist'%f��f: (�. li�stiyl ({;ai ��'��\ctr4� �;� Ri�t�F�,•y�4��.,, `,'Y+ dtlti�l9 ?�'[ ti 1f9(fr+ rtli �t,i 3.i �:):+�I�' I'tt"', r'�'�.^,a. ,r�'•��t r r re�dj ,ftt'� ,f r `'tl tt��li� ,t Y��}Y�13•�tl�, f�L I [ ,r. S,rub � � • � ^ ,.� j� �, ft C t��l .�J•(p4.t{77 A U a +, :�JIf ��^, rt�,•� ��` Fijal Y��,,A �{«t 1/�a t. 1.��•Y�yi. , t�t'�''� t (I Jl�.�f \�.a�y {,4 _•�:i t,'}�'.r l�, ,{��' '!il` %�r A 1rt�ti�tt(1� r,� `�1 f'.; /�G7 :• 1 • t .. a :, ! M''c: \ e�.•—.. t[!!. i l� `vw'r`t!:'1�. f 'i W ,Y i :��';.i !> {7ttZF��f'fJs'Il �/ 1}�`rt lti =:. - �C,, t ` {.1: t .;{t +� r ii� ref Ili r•f.1 '�'f ail t( fl f',-•t'�.!'`�rI s��,, + F j f-:rl +� t',t � :t.1 •. I' • ti — 1� �tf '�f 'err '.Crl ry• ;i Y:•�171Pit+t•%;,f �1i��lJ.��a<d,': - 1 1 f'-_7.+ t��.,t 11r �I .•�'r r` 1,�1f r'f 1. '�t 1t .�a J: }S yl}"' y�., I li.r i� 7•�!: :1,<h L} �,t �f��.}%. ` y. Q, 17, "Oli 1 7-1 rx -,4' . ✓°lx.�rt e ;1- ` ti �. 1� f a xw.,1 4 % iz V 11. V: {' Id 3 .rI f L. i �, S,rA( i .s'Vc fii • 7 , �rf r 41l,�� xs .•' ' ry� I x Zt '' �` > i,.46 jDLj - y- k u 4, P 1, C. 3 C t A I ' 'I, cf: I 1 4 .2 IL FUNDING SOURCE. Q1 I. None reqt'ilred as a result of this action. -.1 j D, ATTACHMENTS: 1. Negotiation Agreement - Main -Pier Phase 11 V 45Z. Notlr es of Ccurt Actions i. _. 3. Let' L'es from Griffin Realty Charles River Group C WTIDLB dp 3192h II 1 F74 1 ,{ n Tz: !2 Lttal'1t :I. , ; q. I�, . i"II . , , fi .'*IIIA. ; ,a: at ,,Q"I � "`�ISI ,"-, I ..i-f-.'1'1,-.I,.; I i1 "t V ''if4 -'r t1 v -f •11: , +); .. .t. :v, V, '1 f, }';. , .I ,j I I -'- .," L •� ty J" }' J- )e)�.I f.` 4,1 A ,,.1., i. I. II fI 1r s... J t 1 f{, Y_,... y.j., !.. , { j�:..,• 4V:',a`r't'i`4- r:,: FL7�., t �� .r% - ii~ ' j{p ,, _', , '.{,,, ,',. lF:i < t -1 i Tl..._. 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' ;;y r,r, - ,, a ti. } ,. « }'; ,tt� t" r1 }} ,r7y Y h'r y`•� _tt� !•r -:l. - '.it7-"+ .., li r ',' p + -,r I �jZ'L !' r-•�2',. rtt �r _ a X, t .'....,1,. , _ ', f '1. IW- ,.. i3 ,t: �' 'l .,..A t a.: }y� .:; yF. -e(;_. r _`...� .. '. ,,r c lr !� , S h. �; I ," ,.fa :, ,'t `{ �;," 1 4 t �j { :+5!'.tY r : r7;'.-r ;,' /? J, T;, i+ _SI .i,r• �, P' <i4?t 7�.:+ 1 ,, / 1 r ,< < r f. t (. x , t ) t:;, i;t/!=t *- •,ti •XG' + ! ,.,_ L.' .,i �. •,. ,1 t'' i 1.:, I`� Y,, 1. _ + _y 1:- v"`� ,�c *%, ,�.. ,t.. •! S tf,.� .•,-' ,�'•. [ ,J .'I 0• qq /. i./ ,tT ,i. , NL•/(:• ii.ii "V 1 , Y'�'.• .,f, j: t;:� '.; i} •� .ij .'�/,[}1Y' r •. ,)�',-5{`�� .._I f :i �� •:.:�_ f. � .. �,...,. .., _,. r, r' lit;• , i.11+l.' yyj 1 t 5 _ ... _ 3YT':.. }}r. V ,' J}:°, �s"''' :, t4, iT ,,ll Sl :, {f t jp! ttf•'•t YYS�•.�.�, t1.i.k;...i i, i. :'. n '..f i.; , .�} .r: 1;,,, E�- -, r: �R� t. I ;t 7k iF ,r «t; ,r. tyf ;i 1 / < j' dfJ- w r.t +<t 1 •;,,,; r lta . ii .. ,�+ Y ,n h;;Y-^ 7 f.- r• F 41l , r,:.rt: i .; `<.v. 7 7e „ , , `� 4-t ( l r. .ri.:r, f:e.tli t p�QyL •: ,;.�.ir,.• _:: i~. '1 t .,• !J tiitj *K1"�•a !f f_,.. ,.:yf- `.7,._f.J Y •I i..... ,...,, r r.,. ..+'.,,.,. ii �-: , '..,1 !! 1L31. .-i..4' ,;tr :it -1L -rr_., ,�. Ry Ill �. ¢rj•,1 ,.5• •.r,• , ,: .;y ••w •.. . '5 .. ., ,•:V-. + �,`( i(7,Z r?w', 5 1 1,.: _.`r.i::.LiV .i"Y• ri��L: t1.•'•`•f•jj. 2 », .tI!ji,Y 1 • • �•iT:' 4. ., ,�;nLSrL)::ue'.is.W r«::.':.+.'iL�'.:1�•.�:a:J:.i�..,1. yam. i'.'J.1..5 ..,..w...:. :...,.-:.:.,1.L..�:.: L�.S1'ra:l.C". :a ..:.S ar:L-/ f.,.iJ.ri.d - ^' A•.... , 1 ..... 1 !�'SI t S .sin ;., ?, .Lh" . i r t. r r i ' t r) ktaL1 ,t. /cn'' .�, V r-t�S ffi': - �, mil, ri . ![ r r ;�, i,L l`i f ,tw: .1� rt t ,; �,;° trki�:IL "I t f -: COUNCIL - ADMINtS7RA'l•QR COMMUNICATION a�.,lu .. M� ,�I ll 1[ r .1 rr 1, tit r' rf 1i'. _ 4'[l'ihJt r",t+� ,y, ' 1 ' J. if{F 4< ' i ` tlf 1MJ�i1WMASOX" �, ,t�, ii Y.r t1jZ j n' 4 i]4 .I trig' �fC�{ i<<I t 11'• '. (,r��:ii%'lr f11Jfr�'�'t� �,-'y *,•j. .11�;Y�,� 1 t"'t5 11 r " LW,a9 rt i?n�i, < �5 r , t` ; From C!�arlcs W. Thompson '� :�' t �"'�MV �, Honorable <Vlayor and y�i ` h"i ; i (� T j i #r� To 141. i l) ,C; 7J 1� �� Yt♦` ` i '' City Council Members Clty Adrnlnlstrator IL .,t {-i9.r•; �; ZIY;, �� '(r ';t tii,4 •� 1 y ; Itl if * ! f,`�•,, ; r)a•.S ? , t , � Tlr .�`�If1 el! a1 r Y t tt. I A f � I 1` t 4 , I, rlul)jeCt t. pi?tQ q � 1 < ` xj,� t } ¢ !r[ y' S J,Cr, ,t� . ;� t+ . MAIN -PIER PHASE ll i`iay 4, : )a x ,4 tv) ,jS 4 i . t . t BACKGROUND INFORMATION rTj' ', °y ,i1�� 4 'O , Y CHARLES RIVER PROPERTIES PLi�D ;fir `3" ii tr' ,,, �t yY. f 1 tr1U r i l` tF ;:=,I, , qy. -,.., L, rx.+, L ` `}"A'4- lsr =, a , �� > r�.. GRIFFIN REALTY CORPORATION �� <,rr 444 Q, I =rL4", � i r'i `tYJY ibe S,. � , , y� r. _ .1 +� r t + l a1K ♦S T y*l " if �} yL i 1 i 'YlVi.� _ �� Ft 1Jn�CN r.,.r ,< t ` 7 -� ! f J r .1 .1 1 t''1'j's iti'1'•{ �1~lt it 1 [' i� 1. ..7„}t IL it L,♦,c �{,,. fit;, '1 J '"r# ; "C'.�f Staff has been in contact with a representative of the City of Santa Ana with regard to k s' ,;,,� ,r�r ' i , ,:-i . ,'.6•: ,,� y 1—f 1, -l'. Griffin Realty Corperatton,and:the Griffin Towers Project located in Santa Ana south '� "` fir ' 'I Y 1 �` main redevelopment district. The comments staff received were very favorable in terms z,s'? .".I . � � L �+b -', ,_}' a r ";i r�' of both the qualtty and tirnellness of the project. In effect !t is our undesstanding that �# `�,';,�,;;,'t iff ) they built mfyre than what they, said they would build, in a timely fashion and worked very ? !� ,! �'" ,f )rr'� II ': s t• I t f `SjLl f�+q' ,yL,t' T {(FyG , pttl rf ,j..i, 1 :�� 'I, l,f''� I � �A `RIf ,, Lr ),�. well with.thc comrnunity. :Tt:ey brought with thc.�� to their joint venture partnership a 5l' ,,,r-,,1 • �r' ,i ` 'l.',, j t�',t' ` (J` 414�: strong flnarSeial`partner:and are now in the planning stages of theft second project which f�Sk� { t `}w�t,1 , �o; � s 1 will be approximately a 2 'miIIIon Square foot mixed use development of offIce, -r• �., �: t• 'r t 14" ,, t commercial and residential uses also within a redevelopment project area In Santa Ana. r;^ !�' f��'' �� ; f y 1 _;itis{�, -s eni;ij:t'ii � , I~ f tw: %- A,_ i N 1;1ys,,�,� tip ,, rt' :.i ' i�'r: r 1 (F �f�. r::,:Ji�•t' r ')ir' ; W�. Ident oftthe real lestattvgroup fortthe Hank of vew EnglPnd.wMr. Sweeney indicated t" `. �� ' 14 f.� 7.;i }d',��%s.- c► ,. ,try : p i,f ,' ,, uz,r i.,_, , that he;Bank of New England has had a lorig standing financial relatlunship with the t` _ j °•^"rti;' 11 _ ��, i' uc'`:,,r Charles'River Park Entity of which Chd'rles River Properties Is a subsidiary. The Charles ;1� '.I }�• ya.'} {{ram ,♦ �L .pi./w o, ,{ ' ', 7 - ,1 ` f , ,, v River Park Entlty'hss btillt over 4,000 residential units In the downtown Roston area. He 4; w ;� ti - .,`' ,"61i; a � rl• further Indicated that this company maintains n checking balance In the `middle 7 figures « 1 St . ` 3;�`t 1, r `I ' r t #, f�' g low 8 figures,. f , j-t i, .v {; t and a savin s balance in tine .�, s. S', ., . ` 3' I ,- �i "s Staff will continue our bac(, round analysis of the Charles River Properties and Griffin. a y�# , `��' Yr , xlta;- i ! 'i, ,r. jCg " ti ti �k'; -i;Ir �i,'T 1r'y,t + rr Realt .'.orporatIon as a part of our review of the development concapt that they are ��> fit, j ;"A +f{a + 4s.1l41; „,, tti being requested to si{bmit. We are currently in the process ai continuing to verify the �• ti` rt 't� rt'' (` y. �Irrn, t?,� experience and fInanCIal ability of both of these entities. �t'.t��=tI "i ,lfq ,` .,! j'J�t t, G;� t ih,x+: t $' i �' t'1L% ,;; fl t�!r{ L� a'. RespeC ly submitted, r.tr; v*t� rj`j } If71e try, ,, ,r ; S irr' R / (,•,• 1, ice• ,1 6y�f/ `j " f!r ll�ri.Feii f_ r r j�� t%', S c^t~rlit \c r S F1, } rrxt t"''r" "4'lv';r� ['S arles W. hompson - r I<,}� 1 ;:;, E'1 City AdrnInistrator I 'i° rr ` ;_��t,-,v r ; t�5 CWTiDi.B gar "OFF i`.-', •r t 1 I 1 ti7 r' iYZ �r t ' , > t r s` '1 J e! ..1. i{{rt tkf,, f.I i, „ +�+• r }� •1t ;: , R{ +�'Y Ott I 7)+r{r. t % �, � �tr r T, 5 r! j ! ytf,'�i�jD�ll%ji`tIG� 11,,l i c;1 ' r t'f'_ 1 is it, f S 1 . "Cl. > t - 4Y 1 x i= , r It� � ` ,-�"_,Ft S,. - ' . 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Ae MEMO�ANDU iw' Div ��it i DATE: 21 April 1987 , 1,7�` 1 rtr,. 10: Bad Below for Eistributicn CIy� f M KaCttl�il ia! i�iCCH FROM r " 6.1f)eee, In . + r( rrl7trr P.[: Revised Schedule of Action to be Ferfoemed by Developer 5. -lilt Attached p?eass find s revised copy of the Schedule of Action to ba Performed t;s►,�;`�L , by Developer originally prepared 17 April 1987. r �aLa1�� ,:y v MY�•zr1 k> `;;t i��r;'fNr Plelae note that there are activixies added between 20 April and ©June which we neglected to place on the original. Schedule. +� s1� R� 1�•�Ir (ji� Yr��, id4i/i"� G,•s,)�Y' �,�� ,,�� IY{ti �, Ila apologise for any inconvanience cranted. d,r Thank you. M'{: ' •� r�, Ij ) as t t `- - �' a • �• 3'"f+ Attachment ey� rva 1 ; *"'`'' DISTFt1RUTI0N: Charles Thompson. City Adminiatrator.' ,City of Huntington Beach Stilliam Churchill; Charles River Propertles rr ,�. �.r�; , t �>,, �}l. Roger. TorYrinxo'- y J R. Michael Joyce, Baquiru Allen,'' Hatkine F ;,��,�,, •�� ..� _ :._:;� All'Members of the Huntington Reach City Council tx yt. i r11y i;,}V ' �1`'a •If`� St�; ' 1 C FFIN .]�I •REALT "! CORPORATION w itzmA TctlrmQRm s=rA nvpm KACJLCAUtMIAV'teao•I?14j6069100 �•:lsi `�FYt� :Y.r '�a�t �� -:�r°s ) t,PYt �'+.✓•:-'r ji r�{gin •� 11}yf ��v't,i!•,� Y.71'� �'• 'i�"lr� + 4 �,( Y} � 'L t•�11}�!/ia.`,1 :�YId 'r}tYY- `�7"1iL. >+ S %4` s .r ♦ 1 ( it �ttYi'� '�Y s t VI -A", s 1 / .r- .y-+, t>... r"£ .r{ �,�;, �.,.'7% •y G � fit' i. 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Witte, Roger N. Turri,ero (7114) 640-9100 Architect: MoLarand/Vasquez & Partners Costa Mesa, California ; Ernesto Vasquez, Partner -in -Charge (724) 549-2207 ' 26 Mar 87 Court Sanctioned Public Act{on was Jon R. Stuhley,, hold by Reasiverl Griffin/Charles Eaq., Court Appto. River was successful bidder Receive]: 31 Pie,. 87 suaoesefulbiddeRaiver aonlirmed 'as orange County and awarded all Superior Court rights of A-M Group et'. eil.'j under .the Ekolusive Regotlation Agreement ' with'City (dated 19 April 1986) , 2 'April 87 �Gritrin/Chiries River presented its ;j qualifications'to the Hain Street Property: owners; and received their f Initial" :;approvai,'as evidenced by h their Better to the City, of the name date. 7 .f E '.e. 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I T�A .L.."'i.tt. /• i t `, 'i r: t�{rl r tl •_ 4 .1• �. l r •1;y 4 ;i l,� 1 :., -' y �,,. r�,��.1 ,i1► Ll � .:i' �I !I •II -.. .., `,'t; a ��j'j.a+ 7 1: �., �,.��ra.y: µt ��.- y�t ��. ;�J �� r�}�4 �� ' 1 ��1'.7.71.:::.�witT4!:Y .�:s.� ti ` �'�..t�1t�..lH`.3:itB'!'�':tilt►iCYJ.4'frtua:.'�isii'��tn�)�.�'r�s��:.en�tll;�' ,t , 1i 1''t �t�,,rJtriYl l I .l1V.ff t . , 1J,. 1. /. , G 6 April 87 Griffin/Charlea'River formally regt;.cata City.council to allow it sufficient time to renegotiate with property owners and to revise A-M/3D2 plan as may be required. Council ogress nqt to terminate Exclusive Negotiation Agreoment with A-M, et, al., pending review at a later date. 10 April 37 Griffin/Charles River meets with Terry and Thorp to negotiate acquisition of their parcels. Also meets with Assistance City .'Administrator to review plans, allowable densities and strategies for moving forward. 16 April 87 0rif2in/Charles River meets with Gmohundros and.makes offer to acquire their oite. �- Also meet with City to give progress report. A gTrOND TO,.]Ib PR OUND city Council Matthew L. Witte, Bill Churchill and Ted Bhoolman Roger fit. Torriero Matthew'L. Witte Roger N. Torriero Charles rhompsen, at. al. 20 Aril 87 P Griffin/Charles River delivers lotter Dick Harlowf formally., requesting City Adminis- Thompson & trator.to ask Council to reiterate ito Council recognition of A -XIS EXcluaiVe Right to Negotiate, purauant to the existing Agreement datecl 19 April 1986. 23-24 April 87 Griffin/Charles- RiveL' to most with MRttH®�r Witte= Owner-Participanto and work towards hick Harlow finalizing a revised Agreement. 27-30 Aril ST p Na arand Vas c` :::.,+ / quet (Griffin a ii-ca.'t.ect Ernis Vaoqueoe, ' to meat with Main etreat,Pioppert<,,:: Dick Harlow Owner® to refine design requiremdnte and incorporate into overall revised master plain. t By 0 May 87 EKeCute a Revised Owner -Participant ,, : , `' '' " i. Aglreement f.. �p�•�r..�t+rrs-ems ca r'-4 tr . t(illw4 titn�j��5,� � tir/-J l �js: Sri G ! t},�tC•:�4 � a+i�lSr! ffi� �tl�ri5 �1 } f 7 i;li 1- �..�:. � ��s�, 4ti�.�y .��r � 4r'�tr:7l .�C :cal S' It' ''ttr� ti�.hJ+{ a �1J '� •� IKIk t,; /.t the ��tt1 � :�?', r 1�'/h•�,j., � � Fi.T',• !i1:t +�l`'� .`�� I'.,t�l if 4 si} �` � rti i.a r,�k •_ /Yfl'i{ +' t t � }, ftj`` 43 � �. ,,331 i f- t�,.f >� i rt. ''S 7j r aCJ , •,il,}tif\ i t!"x �T.I tq'f... ! � W� �i't�' f,��`n' e'��{ tt+ ��Nf�y�,�' �t^,StY 1L(< ti(1L l i�" t :•�.+� i ir•S^ et�l��,j,77�r r +, .�-. Lt 4 w�, �'i»�'�.; +" arS��l�� - `z • 'L •. r 1 ,j.r,� ti 7• :7 i:'�t� * +Y7 !I t'Y�7irit!I.y'`{{ . t I �!; r t 1 . r, " A�Y. 71`?y •l, 1rf h "7' ( 41 fit) t.itl�) J%i i t ��t .r rt ';list/ a r.— hr�:+{ •• v �,. jf rf :i1:t of 'mil r�{>i a �M1j37j,y}:'�!{,1•f Cr,4,-rYl,,i jt t..+Ft Jx.,?.?�T��t,, r` aril % 1 t i•: , ht�l! tiJ.!� '.t , ,.J't:)f-i: ii'ti� .. ! r ".(t�� r ,• r a , fri�, S. �� .�`f t/ 1 �.y 'f' f`7�,�4•,�1{'t 7..rt'i, �'t!,��!ii �} •��., Da`S'��.7.t.. �i/7 4 t-. Cr i .'%p N � ' 1r �� .}� e r. 'jt .1.. ri -T ti:' } t s a t" '�� 4 r1 i `r'` �. t � '1) "' ,; ,�'t��:,, t L-;�.. .. f"-''+�., h:":� ^{{ .. �t+lt �7 �.,, ., 7 ✓` tr+ r+ c, r';!' ;�, r r.'I t s. Jf Yt, tie:.C�.•u.....r_.. :roc _..••.y- .-•a .-----t_r... - � •' ... �.,•..... .. ..., .. 1. •C • .... , , ..fit. ,.. . _ . _. ... �• .... f i M1 r F� } ..,,rr� .•, `a� 1 xi ir..r," .1i {~�+ 4'i .� :ti�l,'', i+ .r! •„.1+:r:r 1..;� t i r 1 , . Y ',... ). ,�` _ _ • • 1 flit � -y ~ dp " .i !!I r.� 1 i L i a I �"' r,ii f► t r(f 71 :r.tit� w 71' << '7y'k , 6 p!: 'y *vj'Li ��YT� � 7 S 7..:,�1 4r1• i t�`,>` _�, 7`7 C��r,., '1 :.'''.�� . 1... , , rl� r+ "' 1,• .� t4 + `!!. ;�M lVii•7 1�', �'i t ic,,f , i,, p•p�i ,, •Is xt.S �•.� l ,r,,, r.is� r {i �i i4 1 t4 r,. t., ti :�` •S47 �{ tti t 4t r,,'- ..�. , '..,' :, �{ ,f,;�E t TL kr : .Ew� v�;Z �h}'h,•t0 t� � .'� ►! � r , i Q� •'- I t� .;,:�{�+;ttl... ''•. . �!'� l+,. "t)Y•` 7. , 1{1 1, t . c,'�� . ' `�� f11 �;. ,t:f.timF�i, t,;. "i • �l�.�r � it • '��}r r �, t., ,:tail \' '.. 1 ! `r � •.t ' 'I JS. '>) .,: ,! g r j tir � ' . '..,. t'"{• `, 4 �4 },rl it T !.,.�!_, +. -,•+ _ ':: �� % 1 i �1 +.. 1 .�Ir r tli �)� r {T,r r i'�1 e E ;� M4 Otl 1 iAll. + Dr.:," F , yt.�M !� Y �! t /� , Iff ,l: ` t �`f r'•'7 ti �jr .,�:�) �`., ��t�t�7�!'!I� { I t,4'( ` 1"� r�i I i• + 'f � I .:• 11 r`, rt •.' t� `,�• '� O�y .illy-Yr Y.'l - rrf ..� ! y '. r : it y;. l !. �^ t ` �-JJ • t- ,'I r `t 1 �Ti {.rr i ;t � 4�' �� is4'>. 2 7 t}iiYL i � i ,r (t r, t �• '•1 t• Iu1 �1 !.. 1 �T� j,{•LZ � f r '�•i t' ,x 1 i �`,, }). ,C I w } t s a 1 { It 1 r, 3. • i + .1! •r t t ��4t�. I ! .} _ ' })►T fl: iti' �� (l, 1.�, " If 'S} ti`.Fflt11 ��{ �r1�t1� A, t r{r t t .,, -ry •-.l' 1, wtw'.� !' f 'v •1 i• ;.� 'ti{ �•,it..:.� �•` MI'M ter,i r jAri»I::S:..'rii:r+s.'itii.si.3.11..aTa:i....?.s.tt,:«.itfte:,ae�iLW�.?3';•wl.�lV1ss.:ai^lreuar-�:ra./Mf.r`.c,: 4 BS+ 11 MMy 87 Griffin/Charles River formally reallests Collnuii to renew the oxiating Exolusiva Negotiation Agroament a.r(,' in so doing, to _acogniza and acce It us an tt a new developer•, replacing A-H et. :i1. Ay ].E! May 8'i tfin/Charl©s River to propara and 4}ajx it te. T t • '� a, submit a dotailod Oevolopmen.t Plant including a Program tar saaii component &tongg with schematic architectural cgtawinga, da%,elopment proforma with r ��;• rl ,. !: � . � underlying a:3pW1lpt;iUna : eetimaty of ,f,ti�, ► ,' .'i a t+ ; all costs Ally, a npecif { a r).an for mensambling the roq dsit:er parcel©. •l" �1: f • i` .r �rl�jf =� � xl By 8 June 7 Subject agency'© approval of the proposed devaicnment concept, Griffin/ °�� ►�'e•r ' Charles River and Agency shall ent©r T.•.t ,r�r )at.'. tLi'l 4:1:1{,r �J, into a Memorandum of Understanding delineating the salient business terms ��' * k f« �`�s�'►� of, the forthcoMing DDA. IrT t'it ti `'� it'1j By 26 Jena 87 Developer. and Agency shall oxaovto a DDA.* `t `y 1� 1�ri�'t 1 t •r L cf t1 it ti+•j I ; Via! -rrt� i r ' • tt5j9 �1 `3 WW W/�.aA W OM M---- ---- ��IwWlt•wl�W.�WWMI�rItiMW�.—I�W WIt•YMMM�W 1. tA�W10lt•YYIMY W.It�—W WY•r11W MA MA -GA 'l{T tit r., riti. '��'y�`•- ��_• � In the event that Developer ib, through no fault of its own, dolaye4 in completing the nagotiation of a DDA, Agency shall provide an nx- {„ 'iy�' `: , tannion as requ•:red. __..__.__..,._...........�.r•.tRR'{R';7t,f wwtawT��wi2',�iS.°'S7�'�:r•i`• �r�"'�i��,�ir� .UzWn„ r t •c '> KZ '1]S'�, {:'+i' + 7 ♦xti�iit .t iFt c +,-•-.�.• -,�r f7 • �' r" t�.ii� �f . .J;S lC.• tf ! �r 1 1 •2! i ', {..i 1 !a JT tI +�- la. i i1�1 �tj�!t b �t4� t+' t l�x' •l! rlt � +Ire r x �-r'� t, toysr � It , J. ! r a rlt ,..,. 1JVti 4t• t 7 ;r 7 ((t Y t 1 T ' f1S I t�1i � i � —F��i ,+I t Y`S i`• �: ih + x f r1 1 ti ,I Zf u r IL S 7 1 .•I < � r i ! �� :r�?�Rt TrnSa"flr,�"4,I`tr,t�l'•� •' !•+ •�'!+) ,il?�'+ f irr? i1�lt I� �� f ,'�'Ix'} I�tl.�Jlti, ftr �{;�}c t I 1tZ { xk .tity �t(T �/ ,,j rI r 1 r; .'! .• r Ca� r rf '>r}t !!✓l,'�'�rrY� Ir lf! tir 1 ,? r '�. t r 7 L{rrl l•r l t r i 1 i,r t r t I ^'i, l�ry fT��1 C'}Z t�t,Ffr}r �e 71t� I ,:3/• jtl .C1 ��l �j '.(t r;,.�f\t. ,;'1� {/:Sl .1 .+t�).J 1.� 1� t � .'• r .1 J:, r r : T tYF-.•rr! l�{:. :,tik`�> , !• ; r • � „t t51t l � S�}l I r r � t l . ! r I) t i f i ., I i , •:• (I'}fE * :T4 r r ?% t �. i_ t ! 1j � ,' r ` r �.-'t t n r * /.r t ` Ct , tt(1. t l �j y I ; i,Jyy ,} Ah fr '} �Yt t 7 4n'. { I +, i 1 1 r 1 •� I i_r j a) 3` 7 +�, L +.lt rL �t'f )1 LjIti t } t,,�i'• i �' 1 xF i IJ �? ( h' t •t ,, , it i t I�+ t• , t 'y�t��lr„11 �l;t•� 1 rfrt, n.t ,f �4. �•� i�t � ,-!' 1 '' ,i+� " � {�� ! i, t�< +7�,4,7J I! r 'E{rlytly, •'y� 1i`l�* � �'� 7,l;�.t �{ 1 ! n ::� r I,t�c'(t% �ftjTl r.�71' 7 ff l� r 1�, i� I~:7{�.t+a irs�i�" . n: 's r a t!(a r4 �r fl ft , . > , • w+�,, • 6 a'.i Y ,r)Vlrli ` 1t� li t`+�'t J -I t !l' rl j,. [/ { wllll�rtfi.r r� hi I� ., C •7 =y ,-v, �� tkZ, M 7ZJ 77� 41'.: at 7ft' f ({ t L 54 , r r a7 7 1 l�l� r.• y tl.'� + ,,r, („`f h Iri1wJ1��t 7,i �r t . � J• '� I I'i:r� ;!i . 7 j��7 2,1`)7!t i A' ! If n,x� '{l ��(��r, i !'i' '(►7,�+{ 1 + +.' f.•, i r ��f �Jt.. N)i}.'r fii' + Y ;'r 1+ ' t •. S.� �'r )r,i4 i. 1 a t.. •,al i• � .• It: t 4F]�ii /}� �.• lll7� 1< .� �t �r jafl{•wLi 4•` tItj� iT •1, k ! j ,ry Y F t .r. 1, .tlt. I p+-�f + r .1,` a. .t IF •�i"�y .j .i•t�a } ..S.l ` wr. 14'� S<��' 01 5-1 ra r 4 0 Vk Z-1 .7 '4 t A i fr$fe j A - M EN-10PANDUIV DATE: 21 April 1987 �Iff V" TO. see Below for Distribution FROM: Matthew L, Witte 2 Ravlood Schedule of Action to be Performed by Developer RED a rfvlaed copy of the 3cliodule of Action to be Performed Attached pl,-trie find by Developer originally prepared 17 April 1987. Please novo that there are activitien added between 20 Aji..Ll and 8 June which V 1), we neglected to place on the orIgin I Schodule. We hpologize for any inconvenience created. 'Bank you. A tv 44 1, Dorothy Terry Ann Mass Gary Eldon Basatad Gloria & Cnrlus Costa Ahmad 11jC-'pd Abdelmuti Frank dl� cchiolo Eleanor Draper Susan Sullivan /a Attachment DISTRIBUTIONS Halligan a G CORPORATION r R1FFIN , REALTY a4a j4EwpoRT CEMP DRIVE -SUITE 620 HLWrM DICAUL CAUMMIA 026W 17141 WO-9100 7RQR.._R"N1i Wm • kt /a Attachment DISTRIBUTIONS Halligan a G CORPORATION r R1FFIN , REALTY a4a j4EwpoRT CEMP DRIVE -SUITE 620 HLWrM DICAUL CAUMMIA 026W 17141 WO-9100 7RQR.._R"N1i Wm • kt ll r ! I ? t Cc ,r, t ,*,,,�.T,W_' "�,,�. I "_',, ,'''.�% -_ ' r » . e i ,C, Y} kl•1/ �, ,e fY1r :f 1 r` .e -�' - i �r �.,1 ,�.,, ri,(.V1 » I II ;*;";�L�.. "i. -,!. ,�. �1,1-I?II ..1�-... I�) , .-�.. t.Iz `-"I. `.', I'':-"-."�,'' ,;'1" ,.�"1j.. 11., L-,I" 1flj, �&I��. .,_,l,I1�.,-,�'.I,; '., ., y1.�, 1, 1'_�;�,"-1i�I"-:�--_11`I7l.I,.�-�;�-'"I ;;' .':',1n '!,_,-l�I1tII."-�-,, ,�,.�II,-'',��, t- ,�.�l4,�., Il`,I"� !,-�i, - .f.��,��-��,� ";1r1,,, _I� l1.'C" ,� ,,V '' ',, -I . ,,ik,. 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L f 1r•I'� 'J.iy r , ! ri J LF ra(t °rrll'•• t , i ,% .- lII ll s , , r 4 r u S ,1 L I t GR1FA�NEALT`�' �1� ar .Yr as r� r. �; » • l ;, A r. i , �:} 1 'j A r.4.� !h p /� r' ,t 1 �, _'r�'r,�1y ,.I=.. k 't t ' - 17 P 1987 ��Ilf ��Ilf`�'l �l� /� �r /�1. S ,' jf! r �J xF�Cr� , , >,J 1, ,•.t, kY'3' .A it i l l 1t r 1 ,'' r 7 l {.I1 1 ail li,.=; :;, !,.!'7t M `rr F { ` ' 11L't,ll;l;� I ,:1iJ� E JFFICF. ' ,"L?`.,i"" 1 .. � i ,.t; �f' iYL, I!f : t , 71 r ",?L k,, =i. "/-, It,:1-� VI,'�,i..,1I'1,i"�.,It`L..o., ;" - . v:., ,,�,.,i, �,�1I�.I,..!I � ,,:i�.,��p -.II:;`.-- ",�l,"l34�I'I.',,. ,s1,, �I .- ,..I ,.. .f_;I f",,,',,,� T, ..:j," IlL 9. ,i" ,}, =}t (of Mr. Charles Thompson Ii'/.'�.k,,i1 " . x ,J, , ti , City Administrator ��2-DELIVER I , , r,. .t ; ' , `, 'I k } `< 1' i' l,.,. ,-,o"";0— �� '.I.-,'l,I .,,,.,..,,, 1�.: , . NI t.,". ,. L. ,%�-t tI ( .4 t! -•r, .^•ity of Huntington Beach 3-y-.f'7 ed IV let / /IM+'f7//� �� 1' - . j; t ` ,,'If t t1 rF t 2000 Main street , Qci �tl % ) - t ' YJ"'} , f)1 /i1,1` r(1 x A S1 �� i� �vr % a }; iiuntingto ash, California 926r18 /P� %fir r _ /» roJ�ll �,'r;, I==� t,. ' 4 Ra: Main Pier �/'l%/- j�• i `/rryr Set.. i L i illIq 1 1I ';i1 Red©vc�lopmnnt ()i9tr�.Ct A I �� r ��l' »t tlln,41- tit .'V.; lk all `, PhaBQ J; Sit CIF 11 rr ,: , 1`� Huntington 9each Caligo )}' ,:_: �, r� r . ,, / rriid .'•, '�,f� lii''�� , "atija. { },i. , r° Dear Mr Y Thompson: r, j, �� t F ti. f�� '�o 11 a }., r,, i i♦ C +'", 1 aj,jK t r, `! �i,��'}7 2� �'�, 1 • 1, ti F, 1 1"• Y j J ` +' > �' ` ( As you are aware, charlsA River Properties and Griffi I, 1 .1 "" ,''` , r' CorForat:ion Nava bee a :tt, ,F. t• i►. r, (2rtzFµ dtikkl� r,I n Realty ...a�it ,{ ,,ir�r(k =, warded all rights, title and interest to 1t't`` �,; aj F those development rights of A-M Equities, paciYia Narita a `' I� °5$ ''Y' l xl . 1 Yt r r1 i,SLf°i8 t4� r r '' �` It t1 -`.4, ' Devetoprnont Grou Richard Schwartz Guard_an Aac:eptance Cfa , i'* f., ; 1YJ-= r = r, y tt:I , oration, Jack Thozlpr�cn, William C1a'� .,+� ,� (ijtr~ n.,, ,, ,S r�r \I�ijytI ti rl n� I QA more pp8r► 9t. al. fcol? actively . r+i, . {1 Ise` tr k " �: . 'Ii",,-.,;. ,4I. �.,, I- ",- :*; �� ,'I�,� . �l-I .P",,,'�, - .�, .... a ; A-`M particularly contemplated by that certain ' �' �'?' i tj,F, ��j {, t_.; , 3�1} �'` {� , ;, E;xcluslve ttegotiution I�greoment between these parties l ;' oIc' 1�„ ' , )1I .,4-�'`--. _,�,,I,, .,_1...Z1 I.', ��.,1--,iVr , , .-',I,i1- �I -�tI ,.�4,"-,1.'.�" �.`.�",:.,, "l1-:, �, I,,,� ,-,-,�i..�"I,1, ,1I., j1! �-. ,.-1 ''S�,:..1:. J `:h0 Dta 1riY ,hl ,7',, ,,ry;FJr, ,r.=r �' ' ' t• ,1" street Property owner: and thc� city of Huntington Bench 1/ I Jj ,;, vv,��' °`' # ,`,'1 Redevelopment Agenoy, dated 19 l�pril 1986 We ware ranted r 1�. l...-.,�_",'',, I-,,,l--1 :-II. _4,.�lrI,.,7.-oL�;. ,�". y y ',".! i (+�J..r, 'i iIi.� )} f riC{ht8 b 4 ' 1 Ir ,f- 7aia`,t'f,'l '4►lrt� r Y ha oran A C'Oun� r + h4s0 .11 ',,, I, tt, , j1( ' ;< :1 %' . �t� 9 y SuFerio� c.rurt, on 3 = Jcr i,r, r < 1 Maxch 1987 after t / 3 r Ss, ?4 "` tY t't ti;Yi�',, a court appointed receiver (the oPfiae of Jon R stuhle Es ;- >i''; ;'. I ;. I Z. s conducted a Court sanctioned auction which was open to yany and ;, c,tr', i't S' ri z ,r : parties interested in 3evelop �nc,� t'he Phase II situ and '1a ti �' 3} 1 Jt i). 1 a ` {�,`r <} "'� 4 `t`i�'� ! _; further evidencQd this action by . , ,< ,4ti:, '�• , r•:, t x , -,V t� forwarding all legal court `.,l :4 I ,A: I, -. ,r, ,( documents attested to this action, to your offioe with raauipt 1O'vt 4{ t it t thF�reoi acknawled ad l,f+ ',ft:,,r . }�r , _t I' 1 ~�, r s , I , g by You (copy attached �,� � u1}'f` ' ,l1.�% .�. i_}', ." . /,� J't , F;? �- ..r=`' t (•7r l F x 4" E'ij iL I, r " �,i J, f r I ' '� tip/ "TI 3J�1�7�. r; ` ,>r ir4't! , t - Subsequently, wo appeared before the Huntington. Reach Cit t �`x'� r hr �'��; , " ` t'. t , , ._ council, acting in ihsir ca s t , t�, Y► P y as the ztedeve;lopment A enc L • t ' ,� I , X r , }l it t Monde 6 acit Y �z. > ,�,y ,, *,fi n . t r . , W r , April 1387 g Y, on nK > 'lb" Jr t 5 �i J ,�� _ , and requested that ; i w "": rights of the the aforementioned ;i' '' ,,' �'�',;iY' prAviouB dev;slo want group, which we had rust �';' WI. . K,;;� � ' - ! •y'��'+i;��L.;'g ita . '; aaqu�.red through auction P Ft�a, /?jr)r i{� 1� rr k' , not be terminated fa•� ��•+ , .Y I i� ' , ., J, ,l �" >; r ,4a�, ,'�4.t performance (by that r�u ,,',S-i'-'1,,,,, I.1I .-,".��'`� ",j prtor rice- ! mid 1 s ,?, ,_, 4 •', t to Ninety► g P) for a minimum period oP Thirt 3 �:. �1t,� >f ;liF. rq ,n I . �� , r,><f,tf' ir, , , , ( a) days► w;(.ich request was granted, by virtues or 1�`�s .� l ttr } ?',� ~ ,Y + .�� , .., ";I.": " ',. A �,, .'X ' tt� i` 1/ I "� J ti` their decision cot to vats to Pind A-M in d©fault ''` ;' �,` T i I It r '` s�.;r ; `t r,? that tee Counoil exacted =x,: , }I t= 1j,} ,, ,r :i. to continue to recogriizte A—M 1 se ascrumed ', ?r(i`I; ;s1 tt`;i,� =i >3,: }, in order to allow us adequate time to a �.osition ,��' rJ,l" .x, ,ij ;t f,,;. , .' tf r, d mnnstrato cur abilities a� % .,Z" .�} �lj l > #yl` „ � yrrJ �f V11-,jj�� r� t i and raeources to perform those obligation$ re iced t:,,I Il +r='• - i.::` ,,li }r "�t,4r r!; ' Developer, as more Rpecifically delineatQd under section 102 tof "' ' 1, , t- ' �;s .t� ��, the Exclusive N ation eem fz�,=�� ,IZt, ,t1 r> r egoti Agr ant.4�`I` ',I�I1t�i,91; 4 �'' r,, fr: 11 r%:J Y"I 53 ', !► 4, : 4tr ,} 4� r I On that basis and, in fact ) y , �r ` ' '�'',;`��,.:.., "{,T�' zeaffirmed our commitment tQ hcnorr to the Council mrdting, we { >��s:. t wj} , , �' Y 1; r{ j, ; axisti P it and w", tr {c�,��,,,rl �t� ' ,4J f *i'fiJv,��,' � ,, : ng Hain street the air intent og the r rr , �`, t.: "I., w 's' ;,r.,„ll,' _ .: ,�, r „ .t� Property ownt3zs Agreement (a9 ovi,denced by r'�'-,"ev��-,�u'�x�"., ► 1 r t 7 . t, 1, s,.It- �1 �=1 , ' i }{ J.tr� ( r i 't �, ., t � *'r �rir � �Jt , L . \ y J�'1 •r.. l'r , It t .!I .'. 41y�µt, t i, S' /tk'�I /aaEr{ "I `U '''o'j)4 S- ,'r y, �['j�*fZ1 h r � {�' ' (� . - ,, yL{i r'!I}['t�ll"Il,(S` r rs�t2J;ITlt�i 3,,T�1/ik,r"4�if,� 1 - -"' 1'It, j, - i,,` t!' 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R��l,y• - r+�" `, - 5► °+ t t ,, i , . t,r tr j+ ixt ' y 7i•. r r . , h "., - 1J'l'',w ,t it'-1 . ^'-' ,I I .r', 4, , ,l.t 1'. `,� `t{kJ� t it., ? r - ).„•(fir,'":il,i V,JE�y(f l,, ,tY. ,: �,, .� } 1 ' , a ,l A� i• f .:....,. r• -,-r Ito ., J J l i, t, ,ji.., j:•, .4 '.� `.'. 'fl i �° ! �q at�Qr. k' tW -S 1 t T. 'S R�1 /'.t.i ) v"' .r'rt jI t5',*,A: f, ;i •,; 1' 1, r 5 . w!r :..I1t'� tad -IL '..,,._ ;1„ , - II ,. �.' •r? `,'/tl .' 1, fi . 1 . :,'1�r#. it '4 .. jI 1k i. t t , J S,.Ij r1Ft ,: " r ' ` r J F, art:.( .;'I i, Aa t.}? [ -� -. t 1.:1I ,.{ Jt la'. ,. ,_ I r_.T1 ,.,,.;...ir 1' , y ; V tt.�« ', , r, \ �, a?*t,:" tid `r „ t ( .-. , . ,/ �. .p S 1,:, ;, �J, , it it . €F-�` '+ i ��tr�!. '9� ;, •,'y , , ., ', - ll'r..'Ll'1i:. M ia-4..i'r:.:u,. w-.l..-," -uu, -;....)..t,--, .44r:1;.l.-L'tu76,:..1vR'7rti �.�-,..,:..,.......n.l,.......errw.....w�....sr wty.rMwhtn)...�4cit5r FMi�W1'i3k.�l'i 12.1f<fh1• Ij ±i )'-,.I �FI lrt .'s' l fl` ; r.. I 1� yr�f `t j �ltir �' 3 art i4 + e ^� t # 1 I�, J J# x t t 4.4 'q t'..{'t, !`t t1�r' '-4 r!i �+ 1 "'r ,. #+ !I A�ry .t, qi .: �! 1 , r t y �} s + irK + , ! 1 J � bJr. Chazles Thompson t, I4; `i , f ), t y, Y, , _ ?' City of iinntington esach 0 h t'r t '`; J, 17 April 1987 a r , t z 1 1 ' ,i1fit. t , •t ` Pagt� Two �,fat;#.<t ." , Ji" rrJt ir .): ^lkm T 11 llOr 1 . , 1:r11. \ r,t': ryyl ;it , jt1 .r , ,,, , �� 1 ,t,rl t --",M-it" ��♦ r t,, , ,; t 1 fit{ t 7 F their latter to the City of 2 April 1987 (copy aittachedy, ,,& 1. indicating their recognition and support of our rou as their ' `'' .�','t �;'; ' `>^" ' :y 4 P f' S J' . , ar y vs , , ' ! , ,t� new dwalopment partner. Wo also immr�d Rtea,v began to att�ampt to ,,�r A � , p1, 11, 1 J I.� »• �� . ' reinstate escrows with a number of i:he other key property awnets ` API 11. , q':- yt "- I 4 4� in the Please TI block, which had elapsba durinl� the tenure oP the ; ! ;t?+ 1 '; 1� r '.S ' previous groin:. r t ',+ t 4i,'.- IA �J r ,i Regrettably, in the process of trying to fulfill our obligations � �{ J�� -t • 1. t�3��,� �7S4tfr�l� �� i p�irsuant to Section 102 of tho Exclusive Negoti aLion Agreement, ;f t r O* ,' p, r fil It became immediately clear that another development group was �''' } 1 t ' ".� ,t , , ' ". 't''. i' , . x i, I 1 r� I, ,f (and is) attempting to ,undermine our efforts (and Court/City irtii'' � `i i,'�*`r4I ' } t + 1 ( r 5r r . .!I '. l +f J', sanctioned rights) to a►sseuible the rewisLte parcels on tho moat, � � t,, ..Mm., 7 t r �, �,A '-" cost effective basis, by offering to buy certain property(s) � tt fza. 'Y r 1 „I ,,. 1 " . 1 :k le !R r r r 'i t r . �, subject to their receiving the Exclusive Rights to Negotiate �\ ; t '� , I �; 1, < `' ` �, .', with thc� Cityt', which rights are stile exclusively vested with us i�� 11 h 't,t'-} ) r� : it ' pursuant to the April 6th deeis3ion of yc.ur Council t ,; , i ,,� * Y� / t t J ,J r�f4 J'A,)J�'�+i r•'it, ti t'I IrF•'s ,i t(', t' r� 'I ' ,',t t } ~ < err ri , , ., I °�i I{, l t Aside from being in blatant contravention of the existing and rtSY t ,� �,,��ti,:, n f .; (, s ,J still ulid Exclusive Negotiation Agreement, their efforts are rik_R1h1J(,�i%*--, �, ;} ref vry cL�;y not in t;�e beat j �terpsta oP the City t:f Huntington &;��r !' 3111: ,, �� •'• "i 51 ! tip ''11 [�t'.ach, the Main Street Property Owners, or the Main/Pier t".j? V'ttiiil�;`;i 1 ' Redevelopment District Plan whose �3 licit ' '' P' ' ' < •` p xp goal is ��to promote i_l!� 1 I I tom. t I high quality s+�dov©ibpment of this block, consistent with the I' ),� �y 5� 4, 2� `ti, t t ! t' ;} 8esign gui$olinna of tho kaster Pltr.n. at tha least coat to the ,p1rJr +a,� I .;,, ..-,. ,A., .cr 4 1 r ,, I• , Agency find in the most expeditious wanner possible, Nv *,orkin�� . ,? . � `i� i )?� 7J )rtMI ,, '•`i % l..ZtrT•�1jL41{,tr r rt,,`h' °lJ,t + J r ;:s Pit OflE1 Qw�+tl�lfiecl C{aVe QbAr��•; Y;`�M-` , rt' 1T l t) 4l' y F i f c;3� rr A!} t 4.t,'-I' +``=� `r;=' ` As indicated in Ro+3er Torrisru's letter to you of 1 April 19ti7, M ,R' tti ,. �'"' ' Est -,I; 1 r t ;, � t y,= �, , _IL , t, _ iour , gr, .up has an unparalleled track record, as well as thR 7 r {. ,' :`. ty.r j, 1 financial where -with all (net worth in exc�ps of "�200 million) ',> '; ��: :L' . rt. 15 �t:, . 13` f.tr r' , � ;.;,lJJ "r • . .and proven capability to move qu{ ckly mnd teffectively (as t '.'off ;fit ;, r+ , _. �r avidonced by out recent completion of the 290, 00o square , j�.; r t • r +j A. F c�.:{.{� . '`+ra f' "I tj''' ... -. foot/$50,000,000 griffin TGwors Phaset � - loratc�d in Banta Ana's t �. � LA�f�r t^^�'!I -i. (;, ' South Main Redevelo went District in 13 months sltart to finish'.`? A,.t i �iJ which was 85 leasuc: at completio��) in implementing lgryg ''j �` rii t )f, r t,\y. )',3 redevelopment hrojoats. ,t ,A,,", , :- s1 *� f11 1 1 tI! >`f -1 tv-,,�jd'� rr Y��li !i', ., , - r fc T i r t !f��,. t OJI + IY t' i• t 111`IF ,JITi, 5!{ � z . V -,' t er If e {+ lie are extremely ,aotivated to move forward immediatel and nre S'`� ,fu �, 4' '<<'',';'.,�,;�';'?iY" ,"I 17 prepared to briny to bear all of our collective resources ir. i`, ` -�s) r u, * j6 :.'`fir iti At l nt—!t t f -: 4C J - r 7:. r r ,ter' _: ,��. A order to Hake thic� Pzo;jact happen in a timely manner, consiste,�t ' ►=Z, F r�. %: `x it's `�'"' ' with the approved master plan. We request, (and, by virtue cf, �a,.:�= ,'Iif + L,r, Its t ' ,4 r , rl , ,t u '}" ,1 , A,, the Court t S and CounCii' a recent decisions we believe we cleal'+i ." f "�'�I`'t'1 . s 4"— f4-,, t r ' - rj deserve ! he right) to be .given a reasonable period of time ?"T - t, ' `�7,I f. Y�', ` r ,, I j. 7• r3 it , , ` t�, ;' ' ,f srform our able otiose without the deleteriauc� intrusions of arly ,�z'-��Ir f,, 11. iu ', ,t f r ;# P g � M . ,l� �i, ,�, a u,zauthorized third parry. This car. only occur with your P,.; , r"%;T/� ��. , ,�'�,��,� ;i � (:r , imnadiatta asesi8tttrr<ce and Bu cort. Ft ;�,� yzrr } "',",', %P- ,4 7 y , t) ,a 1r , tf y�yt,t 1 ( f , .t Y!, r r,t, !i„ _1' 1Ll.etYk t 'Iil7'7t5JK4, %I`�< AI }v�JN.*` sty, kf',/ IY 1 M1 ,tI! 1t1'4 t4Zd',4,it,t 1 `ti f 1.7 J r' 1 ;r : t. �s�. ; rr'n :s, , � J ,% +'�c:' .Yes :.f' 1 t . tea �-T7'r w'��'t-- , =fiv r w r K •. M -I �' qr ` L � �f►, c,G '`T- r� •3>r� ter_ tiu_ r ..r: . 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Mr. Charles Thompson City of Huntington Beach 17 April 19e7 Patgn Threa Therefore in ardor to assist us in our efforts, we respectfully, request that the Council specifically reaffirm its cummitment to continua to recognize the axisting Exclusive Negotiatlon Agreement, as Initiated by their decision on 6 April 1906, by issuing a letter addressed to each and every property owner in the Phase lI block, as well as to the other development group, advising them that until we (Charles River Propertios/Griffin Realty Corporation) have proven ourselves incapable of prarformin our required obligations under the existing and still binding Exclusive Negotiation Agreement (as way be detarmined by the City Council) the _City will continue to recognize us as the only developer with the right to 2tegotiate in tertas of the development of this Project. We have prepared a schedule of tasks to be performed in connection with our obligations as we understand theta to be, pursuant to Section 102 of the Exclusive Negotiation Agreement which is attached hereto as Exhibit "All. t'te look forward to and, to a long and mutually beneficial relationship gigs ,you and your staff on this, anC other redevelopment sites in Huntington Beach. Can a final note, it is our committed intention and goal to respond to the request for proposal for, and ideally be selected as, the master developer for thn Downtown District. Thank you. Most coxdially, CHARLES RIVEN PROPERTIES/ GRIFFIN RLAITY CORPORR7.1011, a WwL. a iitta ' General Partner HLW/fmt Enclosure xc: Roger,N. Torriero R. Michael Joyce, Egg., Allen, Matki.ns, Leck, Gamble & Mallory All Members of the Huntington Beach C1.ty Council 1 /yt JL I s� ' , • r f 4 / 1 1 !'S;•• � tf �'' 1 , �1 li ff`1111�1� �y' �x r.�r t, t t�s t;r t � l,+ ' . t 1 1, •1c _ t 1 i4 � "• i�i rl Y��ri .' 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F , i'�i ♦, + tYp I�tll �f i i,;; L • 'sj ; �y :r f r I y tt ! i � rw.� �� f t � 1 ♦^Li.. , % rt•11r�S'�!],��' rt.h}�,t} ��t: t�, ,Its; :,ti. tr � �, t� , ;.• f,. 7 ■ 1 TY t 1ri; a Huntington Beach Main Pier/Phase rI .g ° u Win. f AAA To pe peKf_grCQd DY Developar, ,I A 1 1287 Owner/Developer: Griffin Realty Corporation/ Charles River Properties, o Cc--Venturo Matthew L. Witte, Roger N. Torriero (714) 640-9100 Architect: Mcliarand/Vasquez & Partners costa Meea, Califnrnia Ernesto Vasquez, Partner-•in�-Charoe (714) 549-2207 ACTIONS TO DATE PAt2 &ctj 26 Mar 87 Court sanctioned Public Action Was hold by Receiver; GlIffin/Charles River was successful bidder 31 Mar 87, Griffin/Charles River confirmed as successful bidder and awarded all rights Of A-M Group, et, al,., under the Exclusive Negotiation Agreenant With city (dated 19 April: 1986). 2 April 87 Griffin/Charles River presented its qu&lifications tc the Main Street. Property owners ar.;l received their initial approval, as evidenced by their letter to the City of the same date. Jon R. Stuhley, Esq.,•Court Apptd. Receiver Orange County superior Ccurt Roger N. Torriero, M.S. P.O. '.1 t l ti• r + t Y r .� ! t 71 _:( s i� r •tiF + `,;s ii i.r t s' '+.,f t, � si:.�}r, { trt !!/�, `Yfl t��lf�,''71 I i� f t'�t�, t1 Ss] !� t��. 1 f �t�'. ♦ its: �y�.�f r rt{ ?a} 1`tr � 1' , !fY ' t.A � s ,�! , it •ri r#�� , :'+) t( �r 'L21+ �.� i fl f-'S71r�3 �,j '�+I ; �'�t5,�:l1! �� x�) , •�� 4 rl.[r _� r ,��"Y' ,1; i� kyt,t��rrt�,{i♦.rt:t ,; �.tyv�rt ;, r `f r • 1r .r ( II .' C 'ti'a t,, la, t.r � + +��'� ref, ''. "`,' e4 r[o +S!:. f t, t tt'' , •T,' ri,i ! (�,'. + , t (i i♦ 11`` [t� �. ♦ i �� 1?a�\() 1'r ` t i)J w t( r fits t(, ti I ✓.i r, ''.7' t V,1''- xs,I. rtt L�- tt(( a'!f t ;,� y,(`'� ♦� �' [ � r a •' ' r i J ! t ♦: h , ( , r, Y r A i 4 r { A �, I+� r., � �. � �!�rh� �'i'i N.�,L 1 �fl� t :t.� .?I R •4 1 t t t r'tir i�\9 �• '?'t r ttf. ( rf � �;, 1 fi+ •tl t ' 11i`t! lrfr < 1 a r s� ftr,r fLS J tr .t 4-u� r }tK trJ l +"`' Zt�l ,r rt ��l] i ♦ �, n .;, r Z[f�h,lsl� 1 tt! t �j tiNsl�?r,tyr y✓�r i.,t t�Ayiytr.F t IAT5I[7 .Lr'�i• ;',ttrftt�if7+,inj '�4"1a]r ,r',L-itrrt , rt �trI }t St i. r 1C1rt'� t t�•' :�;J` lrtl+ ;+Y(I a A t ,r�'+7r111r��•,T14�, ;t ��;l, •♦ ilyt : Dr. f r `i �' t 11 i � ,t'1•:i ♦ � rt 71 j ♦ +' , .W 'ti .t J �. rr' �l, f•, d I ~ .l ` r ,(i 4. i,•5 � ` ,.'.��: t r t,J \i�at�sy P r; I.l�iiS�•11' r �r ` ♦!! 't� ' yi` �, ` I 1 t �Z� i, r r t .1 .r t M Si it !'� �' Ii�rs �t ' �_l ,' , •X 11 .I T ., _ . -..� �y�'r ��, �� rtl•I � , 3 i a e . ��.`�N ✓_�� l ; t. , r...i /%, .Ii �,i sj- �.`r a J� 1� Ate k(Y k'.tiT} 'ry r(r % ♦ 1;1r'.t'it -: 1 I r rr } rs�` 06 ,�j1Ia •�,' i.: +t r} ' ; 1 � +• ` • � �3 1• _ 1 �-:' t1f 1 ' � y�rt { C� ''• R,�loe�� }( rY F(, r� *w` t j - t 1 {,i. I •I? ' 1,`.., .,r 1 7 (' .i jJS ( 3 Il Y ?, "�1)�y`, ( - Y I 1•:.: � t t Ili ! ' .. (` ", • ( r +-, , , .41 l L '`' +.; C,' •T tv, "'• �."T' ✓: t' 1.' . +: t 1 ' , " _. ri ' J �'3 j '}'- ;r� S, ! 4. 1 1 ' ! r, ri a n!.'! r, 4, •. rf'.� ,,�',t y. � ;,-+ 1 ill �. J' .'1 •.t. ,�tiy_ ,t►'+ k4:,, +� y 1 , 1N.'-T d .�[Sy �.._., �1 F�,,' 't.. � P I A#` 1 •� I` at 'rl 7 i1F4 1 !y ♦t•'.,°yi> T� r''.h .� etyW/ a4 i {' a11.. r♦ r:,) f,r tr 1'.r: ;•; 1 rY, �r t ,14 r:,lt�,; `.ei rly, l r�'•i•' `.,{':'.1-it1 ��*C r'1 r,r':j: _. 'i� 17 �1:.�;! ,.:>;1 � 1. ti` f s' M. t ' ii� „I �' rl.. ' - .t a,' � \ 1 •` .. '� %" zt i ;!,itl ... +s�t.` 1!l.i, ijj.•ii• ,,i. ...i, 1, :C ! •.i �, T, ,t� .� 1 1 `. 77• '', l�a,.`.i '' yh� ii,f`• t--+i � , ".'ft ':'�. sli.tl!w.:•%�:i ,.11{rt ._ to �}...i. a�'.�7.i:y� itUL•til.!'Yi,Z7HS•+u. , : � ...... i,..,. .'. ��-•a`�'.r..�:t«` + -S re.�,....rrr..n+.w..r..+..r........�.� _.,...`._....a. .._.r. , T, y.�. jj VVVraa.✓✓✓ r{ +, April 87 Griffin/Charles Rivet' formally City Council, '�� s :',;'� requesta city Council to allow it. ti► G' suffam.icient time to renegotiate 7k� itt; F with property owners and to r-'se A-M/3DI plan as may be required. Council agrees not to terminate Excl-ioive Negotiatinn A reamont .0 with A-M, at. al., pending review at a later data. yn r t r2 1 i► 10 April 87 Griffin/Charles River meets with Matthew L. Witte, Terry and Thorp to negotiate Bill Churchill and acquisition of their parcels. Ted Shoolman Also meets wo with Assistant City Roger N. Torriertt r' Administrator to review plans, allowable densitiesand strategies for waving forward, `rr 1 T: t v t tr r 16 April 87 Griffin/charlen River meets with Matthsw L. Witte t�;� 1 j, ' ;•� 1;` ' Omohundros and makes offer to Roger N. Torriero ' acquire their nits ` r• Also most with City to glve Charles; Thompson, progreas report. el-. al. ACTt A A E ORklEU '��, ij ' �'`• +� 20 87 Griffin/Charles Ativer delivers letter formally ' requesting a specific plan for �rWJaiY. 2Vi,r },>~;,17e, ; , ; "'i assemblin=7 the requisite parcels. '` r( 'sj f •�<'.t4 '(' sT a < , .. B Y 8 June 87 Subject to Agency's approval of the proposed development concept, Griffin/� ; Charles River and Agency shall enter into a Memorandum of Understanding delineating r the salient business terms of the forth- coming DDA. ' a� By 26 June 87 Developer and Agency shall execute a DDA. �f ij el J , Fej��lt1'y�, ;• iAlrt�'LtC ,rt � C•, `fF �. h s (s ly ((♦ t� { a i' { 1 ./ ,� ;4e 44 p,) t"# t, t �.' •ttrrr..r----rr—.r..w.nrr......rrrrrr►.wr-rr--------- w..wn.r�rrrr In the event that Developer is, through no fault of its own' d .. a-'-rid in completing the negotiation of a DDA, Agency shall provide an�ex- t°ri1 1:ti. tension as required • �� +{�� C r,: (•KPrIM1711".."i 71"lt1+'�P!••} i 1 � . { �+ , , 1 + , + _ ,1 f �1 ,. rr . , r.. � t t ! ` j� ••j ,d f t: S r �•. r. t S '`7{y t �'i s , v- rl r , }'- •:+, .3 r , S " �`C ' �..`_, r rr r , i,. � .} t It� 'ji � 111 ,If s*ti . ts0 j t.' r r � i , 5� , y ♦<A- Y.'.. , t; ti:, •tiS S �!, r�l �+ (ZLrC.yfi i '�1�1, 1 '� � `, t' �r l ,1y 3 i�,� ? y 5 i`I ` r. i /{ ��. ,T t+��,. •, l p 3 t I mot! , ( l • `I �'1 �C ��, } � r l , 1°�:,.'` t; e �5' 1�� ➢, y'( y I�% ti ,. 1 14S 11, yl��. t'!'.•'r Y' ==Y` '.l j,l�,rr� '.%.% .i % a�(i SVy li � ;�,1�,+11 Yy fit• , i t!".�•�1 y� i ;7 S C ,i t , ') �,1-I//.J'. f ; �, .:• . 1 +J'.t , y.ts' (. ` ` >.�• ! _ s':[( 1 v�.(�Y =,`'. 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Il4)0*ti ,, 1. i ',Y tJ0 II A WA'ff, Sk-.I#'ru & ASSOCLAITS, WC. 75J 'ri l-1t; 1." , -f ""',"V,iA.t)f ':JJt'1iq� ,,l , h% , t ) i,7 2402 Uichchou Ddre, Suite 230 V$J'r*;<,ft',;i� r,_J I, _ ,.t,y hvine, CcUbada 92715 ,�I�0,t, Y.i";,%i4j'tY�"," )i"i.)c1ti4!�i 41 (714) 951-3239 11.1,1�;$_�4�4�4,14, q .,,i i", I. 1r t V., V_I�� , ,�1t�, %#.,("tf"t�-I�fti�- ,I i- .Li -I, �.,01;"'Ii, .,s. -'.. , ' ;i,, ','. I , . - io . f 1 .I . -., ; 0., ...o , _ '�, ..- , ,I . C.; �I � "1!�,' ,N ! ,( , I, ;- ,. ,4 * . % .yam, ,)-414%4�I,J4t0 P 1 -� I 1N,II",i:1,,t:,�� I 1�...o'.'., ;N " "t 'f. " � ., Ir ,! A 1, - i ,4. I , 4 : I.t �1 �f ? l&1.0 1 ' .� 1 � - 4* ; -�( .LA�it"*1"kH4. t-�k fV t ?1 1� �1, :1 ,' %l�01 ,%I,.L ".,"' 1 I,� I , t, , , I I � . 4,-0%l I 'j", t, ,�(,,;I"� _ A 1L6"O;�%J I1'4..( I,� f";)"1'..3IVT.J1, ,'2000 4�tt"k,Zi�tf: l : .ti1I ,T&%-3,t,Beach, ca. 92468 L ZAn Ak,"4I,r, ' ,(tI-I�lV1 4�lo . ai-iI11 A! 1;J; Re: M 4.S,.'L *,'*�,4 ,)�,6,V } r,f ,.rk itow�, qI, , 4f , ;4 t,I-l` i-t1�(" . ". , " ti?"Z, -i�, . I1 1,�7I ,; r*During the last ninaty dayo, we have been activelursuin"" ,iUI , . ; e ;- oportunitiesIn t et nrea of yyupcityg I%"�1 p h"1J,'t"- . I !,,f (3r�i, t � particularly In the DOWTItown Co::a Area. Our primary focus and e,1�NN0 "-} ction has been the Main Pier Phase 11 project �okkw, t,11C �1�4 1,.S,,"*�";I,; >."_,,-,j t,(1I 1,, '1'Tk.'fit MS.fII4I-"t. . pi%W. }&r � I`:'1;.,lgir. ard Stanford and Faith Tharp for their property (see attached ,,"t%-tj-, 1."legrl deacription lxhlbit Al). The option establishes a cash "04.-1 I 11 ;1 ;;-1L-,kr"IF''bprice and also fomis a ararrangement with .the owners . Z0.' if... ft` }f i;eiIl_"ACyA'which allows them to participate in the f ure developmentWe , )."f dip 10 �1 , .4. ,I , I It it,, feel his approach substantially reduces the acquisition facts I " � I"i# t.�3,t &-,N�,;0'1,I �- -, I I ' 111'Ii,I1'.-It�V'f By would to elaborate i i1!.. ,� L. tom,. �, further on Watt J, 'r 6 ),rlI ; i W� 1 (_bI?-'"'. �, & � �r7,yT,�,ff!, "`01l,�I",,i 1�I "��'26,, k'rationally recognized leader inthe building industry with an A. �.I(F,J(% .wA ��\�,�:.I,�kI. .ttstandlng record of successful accomplishments covering a broad . J4-t1,- -"� i-, t JJI jI�1-I ".Flrange w I , V1T, try �,<,1i*11i,!r",)I , t�_i�years Watt Industries and its oint vet. :w,t�!� -, Mjture enterprises have f1"d�X"J.self `q,'.h�t completed e _1"1At,&T ,, single alid multiply family units. The voLume pxoJected .",l . , - t % 4 VY,'�ii�3,,'i�,,,,,i,lion. rankina .,,qr i)4 " der in Caliornia (see the attached Los Angles ',-,�. ,"�" .- 0�. ,W`ViLY1_�q2Ijf!44.I,k� 14t,1 ", ., i4�y,11k 4,,,.f-%iJ"-�1Tinearticle Exhibit C1) and the largest ��t-k I4�i I0i1t9,,V"r"-ti- i 4I W1t�I.r1111, "i�.'C0 " ,,,,�Q;,_�"41J,, 11t �!'Ii,f1�, Tk�.t,0 T�.,"%%fktk�in addit,4ID6 y�YW")70�.fOA_A�1I7I pn, over the same period of title Watt Industries 'has ul;"i (�" � comletedmore than eight mJ11ion s1�,t0- iI..,t;p,""�4,�!it�l, quar4 feet of commercial, ViA I t1I Z, (_f maj8;� �r hotels totaling in "Y �4 P. �4 i��.,,'jj1vl,t,,),,, excess of 1,500 rooms, forty shopping centers and five master '14 k?(iitt�,k441 '�tt��),hTattInslusstrie3 ranks3 as; the 1' E f�I�;^�jPi?,j`J1t`tA�', fourth . -._ .!Aq.T14j1 iJ),art v I. i"11 ;i .1% , � i 1. , i�'! I'. 7 . 'I 4 'i I , � I . . 11", 1-i-, X I ��, It I . . . . - -�l0 ,&.-.1 4"II 'FO. II- 614F,." ). 4j-t,,4-�� 7.,iI, ,4.- "".. 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"'Oi�4,�.(4f�I,iI,,".1r Vll(fi�i""1k4#�,lI 0,,� 0�1 11:sA ) ',-;Y ,P'!!lNAw�, AAIf10"., i Iir I,T I 1!,i; k.F1 I (fjC.r f"'.L "II.Ijt thf?i% , t,,�I I ' , tr..LY0?I%PI , 0.. � ,1 ,;TlfN•.?, f f'.t4 !,;f i,., �T1. .J�-''-I A t., �Vif,"';-I ,. JL7I.I %,,"i , I.,,� �,F.T1 , , �. 1I- ,1 ILI 4 I :",_ 1 " 'Z "I"!t 4- eI r, ,),l 1 l , ,*:i--,k fs �� 4, .ff1I N, � , `A11 . I" ,. � L# ,Sly,„(-4".,. �,,-� •,,� �. .,f'. II� ,,I- , t I, k �1',. 1�_ I ,"1- �J J �..�it, ."d• .,, .. ----.-- - to "i .�"•,,.i tr fr UY,;1, ,- s .i.. t ilr't ,. �1 tJ.,% k ,/1' nt r. : 'T'n.,� n �`1rtt. ;..��ii .•,.r � d t •` -t '''t r lirdl ;'f; .�kR�. '�• l_� �.i_{ �1 , "'G y ` fir. :., I , - ♦n ,� �}} �4 %, . • _ .' }•• t F ._; ' +I 1 .._r , , t •t "'�.4 1, 1 tr T f'.=' �'k. �y-t.,.yl t,a t,�. R v 7i ;•t :1:'J.I r+ � ' pTr� r r lv� # r! ' r l + - ; • if =JT.rf�r 37 yttt , , !4CC-.6•,.} -:.r. " , + - .I .•. _ , ••,.. -i `, •,:�'. , r 'a 3i,"y'' +a a r ,st - \, S 4 ,r:::: ,r ti.`t<r<':::p � t x .l%..'' rs • .tl. { �. I t, 'i �1'� �! � , .rt lwi ]J1 tP F �3 i•,,Ji to ` `� r � rF rill ';�.� •f,r 1,.sf' if a . �ILI..� t r,•„:r, tf ,.,,N ....:_ 1t-... + to/v .t,• la.T �a ♦ ,ew •u i t �r Cti%: �'T ".;•,.:.,.,.- •�':f�.r.:1::::i::�::1.':ri.+l r,... i:..r 1i... , r r! ., .•i..Yn.t...2...•.wui�",,.,.i.rY ta, ,4.w.stk+� °ll �I.... ti �t `3�'T ,y �. _SI v. f 1. 7 �'�. , }.d !+ , • • . � I t f t '� ' 21'R `"': " ,x`. J: ►'. 'r! :bii {� a ,sa.ii'� ti'+tYw�`�pc i± n y �' �,►�y r i l in the united States. rtw 1 ''•,�r I have encloued a corporate brochure and an abbreviated list of llt �/r1 �✓ " ;� * }, +, R i , our na j or projects for your review . r 1"'I" With the acquisition of the 'terry and Tharp properties, we are ;f committed to the downtown rodevele-mont effort. Therefore we are obitl requesting that the cif 1 of 11untin ton Beach and the <• >,� T t wf; + Redevelopment Agency grant us the exclusive right to noge':iato " ��: �; }}?' # for the development nights in the aren shown on the enc:losea map 1 ("Exhibit i.)11). ' j1�i t' We are excited about wor)ting with you and the city in bringing -,�ti r Via; about a very successful project and spearheading the 1redevelopment effort in Huntington Beach. We look forward to your roaponse at your earliest convenience. If in the meantime, you �'•',Zy`:�et .��: •` ,� � have any questions please do not hesitate to contact us.y��`: f l � i,c"{� , �. Very truly yours, .t t tti j�,�•4, Z't� t' ' t � � 1'~ 1{ n• j �fn't�i{ ttij: Z a t! 15 % r.Jr .t3��+ ii 11 , t 7 ' 1 �;• -K�.F t LStJ� I_r. S j *c T. Patrick Smith A" i " + �" {; ' President it watt, smith & Associates inc. +'r :�1-t F-;. ♦a SF, ' i+, ti� r. +#. '+K�"'!'� K" is � i t'`c ,, rki `t 7{ t'4 tr f � e ` •, ter° •I•i ! ��++1"A,J,i rid= �Ztr�,3�os 4 jf �� ' Robert Collins Ter,`y► property owner Stanfor Tharp. prof ty owner Y ti 5 a 7 ,,'?� lztb t ' r . cc: Douglas LaBelle � `K J� } ��t•9 f' Enclosur© +) wi..0 TPS/d jh 11r ;�,S7J1 [''1•sKtt � ,�Tf tt;Y�ir[� ��•r' � tj a a i ' it:r'�`iWS%i�''c4.�{�if ��t„ ,1 i�� l_i,-L• �'ra� I r ;,A rt7 ltv ' , , a 1r't{� f i.S �Yy}y' 1 +'tt f.• � , 4 r/l 2 J t • 1 �,' �.i..} r ' r i ' '{ 1 1 Ai: l t��'� t•{ it' � '•� ��'{l�,l f tr t, 1 Y. ��3 -�'r it �� t ' .e i J 11 i " t ? .t, jl i,1�� .1 �}yy,/,r ry.. , r� f'j i /( 3:r .•.: � i, , Ij,�'1,f 4 �'' 17 i ' t{ � (F T it1-'i ` } J) �I f I=f'i � �.• r_tl� h r�1�,• r >1j.kf m•ktft i rY/,i �i +r��l ,rC�' J (i"t yrr,?rR {I;!r•. l , it `_ ,a (' c I ♦±!!E' rv,{'Y; J jt r;.,i fl 5fjSYftr i)s �. 1' +;..1 �f f t t 1r � � j iyt. J'�j1•r ,. r,l., 'J:i rl,. 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"ANY, 4,�;�1 { J� r-�,F ^7",j�1� , ; �••rj tt :. �1 , , :.r t1 ',� • J�= r !+ 3 ,• �r+�� ,}a f'. �r {`riyZr�C+t,`.F",ri.;• t�t,� ti •h ,{ ,.r = , 3q f Ir,: il' �tl, �r_ )1%{ t' 'f ', Jr It 1 f1r-1) 1.. .t' t j ��ra � 4��1 la 71. t. t tip, ,�J� �a - j�f -r+f , - L t 'Si fa..f� . t, ai =1', �( lf( t�.�'l � � •rMd `.. �J: ` it o'�� ,, +. ,! r„ x.� 1, l t41 1 t. •, fj .,t , 4: 1t Ir r ti % , ��! t;l r'. ) RAM r1•" l 1$ . 1?1` y Y % - i{ �.. t cl•. lr. r , , , Gt, t rr 4t4V,!� r 'f 11r llr+"r tr +4:,.r ( ,_', r i1 ` r1: � I*• �1 • ] ' t r t.,. G�-. i,f '� • t�tr�•t' Js M"r. f (Z.f J . 'j r t tyy''t,.r ' t,! -:r itl IIr'ri !, ! f .7 tr'' , r ( r r ' tt j�J .y �t�i Z•t !! r,'t 3=�,i}ta riffJ��tk:4tlt i lr� i .��i r 1 r'.• :;it � , a ';F7., >'rJ: ��iy`1 J ,1 ,,. .{ t.. ii _i ^:15 •tit' !�:' , rT ', �7,�'1h�f' , J . Ll rtr�i �?' •i 'R c•I S�1 . t -. . ,•.:t „i iY� � F j Ti t Ir �♦ �r ,w •; 1I'S��i a{�, ,, f` �C �! f�fr}if'�'T�s, :./cr f'�'i t��r,`'+/'i %i�'�!1i't .,.,.•.c��' �'� ta.' 'ti"'rt' �j�+!r.' tT� ::�'i< !1 , : r.tf,, • ithj,C a. �' drr�'yt�` r�i��y(�`fl� �j•, i;7 viK 14, L-0. .;5 % Z x. 'AF -A� vl d. 4, 41 61 le V1, . I , f , . I I I I I I , . , . , " �'; , * , "': 17 A 10 -W Ile 5. t i nA I . 71 CITV OF HUNTINGTON REACH A COUNCIL • ADMINISTRATOR COMMUNICATION NY Iv 41 HUNTINGTON 41AC11 :;0 Rt "ot f gf To Honorable Mayor and From Charles W. Thompson, I A XJ, J , City Council &iembcrs City Administrator Tp, Subject MAIN -PIER PHASE 11 ck Date April 2, 1987 dr Today, the attached letter was hai.d delivered to my office from Grif fin Realty �,`" I tit` t, �X' Corporatioii regarding the Maln-Pier Phase 11 area. . If you have any questluns regarding this letter, please contact me at your convenience. Respe submitted, s W', Thoni p on, , U Z..Ity Adminl5trater . t�jIRV C:\VT:lp xc: Douglas N. La Belle, Deputy City Administrator Mike Adams, Principal Redevelopment Planner A:) JI tz 4_ 1� - "J.FtA 0 W. 3134h Y ,.:, 1 t � ?� 1 y.: r ': yr-.;• :.'X r � I 1 t � 7�iila�jtt Pit Y" ..q Oil 71 -0 V, Al!" To. it "jP v, t.Wix .1 litAo, 1 '44 V J A 44 ZV �S l J IF o N 5. Jk 11 1; A- Vg! V V It '4 Y IJ . ,I �k 41 (A ell 'r�.t �Jit'1 � �:t.�-. t:•�+�i• ;Si i. " - °1- "Jr , . tN'_ 'rc ! �.�4r �'.,7:�� % .��'•1' • "1` ry ✓.'t !,•t_t1y, . r /^' 1' , i ,{' .71� ,� 1 1 tli - b ,r t�d_,i, rr `t' - a^.S r•V{ ., t.'-. ,..� / •Y'.. - � �f F ,,f! 1-r-c - 11. "R,, •a ��C�,,\ , �' i :'T'. .yr �t '?f ,. i.:t 1y - �' rr k1 r y �,y h?➢,,, y .,f,,.r •.:�., .yif` +/ ',.•,..; :-1 c f t', 1� t + iti a1 rt.i. r ;rl( /,i.f' ' ,�> ;,lil !I :�_.'� q r z., ,• 't .itL7.,:r •r, �, •L_�•. , 'JtR: j'•:vr,i�� 1�•1: x,., • F 'C tip,} %l :I ::I a ��. :',' , ^:• '+•JT i ! ! 1?''�!? 1{!�`y/ ,. ,r. �i':,. .. ;,,tl. ', '. ,i nr�{r,.:'. �+ :. � t -.•., ,,., Jvi'. ,1.;.-: ... ,t': f + �� ., J t', _r. �' rr r•,•,) r T'* '�`r 'll. .,r„ },.fi! ',., ... I .,, a .• t `� .!" `• .I• .!, ',j' '<`,i - `if" i�tr.,' l Y: y� ��F } + t l�Y♦, a }S ,� t. ' %! - _ •44 `� •}> ! JT _ �t 1 C a�� -v.. j ,'SJ� _ �..... - , .,', a,.^' `In-.:]::{i.,r .:.... . .. .......' :, !j"1 r� -;• 1 'G' : Ss .l k Y' ,. , ''�., h •.,-.yf <,ul• ..LI . /. .1 „ ',. :'.7 ,.f `.�.. '.r ., .t, .!j t I .JM •!f ti . S t'tsr'• �`t rr ii '.: �. r'. ;:,..., "•{-'''1 " ':.., ! f. 1, •1 r i, .r.. „ ,^• + 4M' ,.. �: r i. 4 ` =-` fir"��}'- t�l..-Y,: !'��1 �►1F "e i� ,�• ♦ .'...t .I 1 �, r' •fti� a, f r�' , .. .,. .f 1 , .1!'N .. •, ,. t firr. , .,,� .... c .•. .y:,,,•4 �i%4 i .,. w, 4+ i I � )I - >..:. tl ,,r. �i.. ,. ..+.. 1, { .rf.l.�,. •, 1.,l�.. .{... ,,,, .,It ... .t. , •.�� ,,r . ,-�z aa:,'. ,,,, ._., ... _ ;. 1 :. r : ,• 1.: -.q,,. ^. a,.. 1 .r+ ,. .♦ .,," .i .. �a♦..w:2:r i.A.«n�ti�r \ t :;'�� • t:r4 ; { :+!� M.. -. x `tl., i •.Y.. ....L:....+t.r.:�......1....,.....t»..,....,•..:.:..a.•.....:..r... Lt.�...1W _.......i�.�.....��.._.�._..�t.,1.�.:uk<..cs►It.:..rs;e�.a'.`ltt',.'Wl 'il�l`�. J.v.,;��, �,I,► j ,Spy 1' ,t tt tiff ~�, "_ - �� . • � f °' �t' li ii1 i'' ` 71 *, t'�!{ , ;;i� t f 4t.:, ft"'�fvt.! • , li��. _ S�i L\t .a+ Ada h/'7! � �1 ` . t R� r-{ ; , f� IY 2 , '.• ��11 ti l�ti l EtiFn• Hart " rY� /� pp { f :. M'L w� - I�ft�•' � + fit ' r r 1 (:,, •d Cn /' i.! • 0t• 1, t � y4 ! 71 r1 iir{�1 �' c �" V! flu 1 �, Jr1 L, ct1 7+t- 11�hlfl ,_ tlr °�• ��'' , '� � 1�`ll zr 1`i 1 Jt } lt��` `, AD1,11Nlc� NG��"r �� ia.;z, , RIFFIN REALTY WE, }t •r' tti °��. • - r,J '�It:l�� Y-�� y ;~' 4 iiy�f CORPORATION r S y } r r ii+` i S}�f • ,j,t �, ° Fly:, , N Ir vi f � K 1: 1 'ii + tt it �i'' �' �• °'ipJ4• / ��I� ti (';'.; vie 'i r, t rZ r o (t , 'I t IT ' 1 r p, k t K • ('�,•�,, 43t April 1987 , Mr. Charles Thompson VIA MESSENGER City Administrator City of Huntington Beach 2000 Main Street Huntington fieach, California 92648 Re: Main/Pier Redevelopment District Phase II Huntington Beach, California '7:ear Mr. Thompson: Pursuant to our discussion. of 31 March 1987, please be advised that Charles River Properties and Griffin Realty Corporation has been awarded, by a court- appoint ad receiver, the opportunity to acquire any, and all rights and/or interests of A-M Equities, Pacific Heritage Development Group, Richard Schwartz, Guardian Acceptance Corporation, Jack Thompson and William Clapper as partains to their involvement in the davelopment of the above rLsferenced program. Attached is the corresponded legal documen- tation. which should corroborate this opportunity. In order to assist in the City of Huntington 3each Redevelopment Agency's familiarization process with Griffin Realty Ce�aoratinn and Charles River Properties, we are most pleased to present our summary statement of professional qualifications, for your review and consideration. PROPEORLO__'n EXPERTENCEs As with any entrepreneurt•ai organization,.Griffin Realty Corpora- tion's most valuable assets are the principalsi key individuals whose contributions to the organization comprise the corneratons of the firms gro-ding reputation. Principals of Griffis: Realty corporation offer a combined expertise in excess of 40 years in such key development. disciplines as nrchiteuture, construction, finance, appra►iial, accounting, marketing/leaning and asset management. We have included resunes of our principals in furtherance of your familiarization process with our organization. Principals of t1{' A•UjvC1►TORT(T1TERgR11'C•ts17TCIi211•\C11'i't)RTItC,1l.'11.C111fY1R\1,1!)awi(1.171411i•{11•Jh111 ':ty'rir , T s f�rt �' i 1 t • �r ^7. M L. •r,,µ' >' t• �'r" , 7.� 1 t. [a f , 4 t 1 •• ,,J { a./wr ', , '-} 7 t a•� �t 'fl J t^ •r��' tip r , �' Il r j , � l { ': ,�'i i. ti r , LF -�� t`°+f {.(3i� !Wuo ° }Spa , �{t�r } i;r � " l`(, ,J L I � i•♦ fi 1:. Y i L,•� 1. ' ►•.� F , ',. f ' t'..lr ��' rt S J '=.ilf'!f t?, J t'��- S°�'�alp 4.� ! .•t: h !"aa �,'r1:11111r ..� f, f „fit r •`'.�: r`yj W r ' i 1 'fr,.� ? . err.• r •:�li.,a G� J+' j 1!� jr'r T,Cy `:Ik r�.fSt ,y�l�; { �: rl Jtt♦ 1!..v r r!?� .� tr t ,�p I}� , �'. r r' y` 7• ♦r t5 /°� -,} ! * .} +�. �" I i"+,<,•;,t , ' ,a ��)t4��%� yra it :ft ' f,+Xa+i •(I r ,, , . (r..f ' ! ��! ' y ,r j ,, f'�'., i 2 f , t,�,�( i f i-. t yll ) �-Ijf�,.f; �1'.s x�}•! -;:YI'i y`;•[iI,T i, ,�.)? r'a. �rr' t^ ♦ .J f + r 1• �t ! , .�„ �� `Y.L', al �4: � ' ti !. .r ' 1r.w' f'<� r,�6 ,e:l ( .i; S;r,' f ivi it +j� ,r r •3 F � �� lMlj.r41' ,1 ! 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N ;J 'A 4 1IF�i4"W T' W �4 4 W! - ♦ t Yf, Charloa Thompson I April 1987 '140 Paige TWC) yr L Griffin Realty Corporation have had the direct responsibility for the development of Lantern Da- y in Dana Point, California, a $L50 r'-l"'ont 00 dcrct MiXed use dDVOIOPmont consisting of high - density multi -family residential, neighborhood retail, specialty t-.Iuriat retail and hotels. To affect this successful development, It wnB necessary to achieve a conounnuo agreement with the California State Coastal commission, the County of orange, and the Dana Point Citizens Adviacry Calwittoo identical to the circumstances to be encountered in the a conditic-n ooed Pzoj? Huntington Beach rosidantial/ratail mixed -use program. We have also anclosod certain descriptive information on our orange County signature development, the $100'" million (;rl.f f in Toware. arylAdditionallyo Griffin nea7ty Corporation io presently involved In 'tho planning and development of a Q600 million mixed -use, rkdevelopmant project located within the South Main Redevelopment District in the City of Santa Anal which required the key cooper- P 7Jation of t116 adjacent residents l group. 10 Your Office is WGlc0MG to contact Mr. R93K Swanson,, Deputy Ci,,y Manager, Plann�nq and Development# city of Santa Ana, in order to k lkr+i,i�; �; reference our track record and credentials in workIng redevelopment vi within districts and, requisi-ce community (714-647-5200). interface ii�;Sl i eta ;t}fit ' ', Fo%inded in 2958,, Boaton-headquartered-adquaXtered Charles River Properties nues to retain full ov111Pwmh4 1P has developed, and conti e ko %a several nlgn�density apartment unJts,, condominikut hotels, and office "all complexes, almost of which are i redevolopment dist jets. OcAted in r During the past thirty years, Charles River Properti83 has auhieved an Unparalleled track record in creating "UOOeuBful Mixed -use davelopmenta. We have enclosod certain descriptive literattire %X4 on representative projects d0l'Glopud by Charles River Properties. The principals Of Griffin Real ty Corporation and CharZo Properties haves River ' been directly regPonsiblo for the development well. over $730 miliLion of in commercial, residential and retail properties to date a4d have a present not worth in excess Of $200 Million. The Venture intends to financ,% '0* se>tl' y `'', ,� through the proposed development Zle of the many construction and 4 penman., lending sources that have backed t an prior Projects. k N "'N V �U; 4Lf fir V , 76", IL R-7 �f 191 4 J i.'', I ", T, 91 A'-,., I ` ` ` ________________ " ii-W i., "". ... 1, s ng banking relationship with the Bank of ,:How .V ',� � ,',',l`-I,,-v11,,i.,�-,J�- we are prepared to meet with you and your designated staff r", ". V`1'1� I- 41.,,�%" ., I'!. � ;,- �, � V, -�, ., , . , , - Ii. "'.-, - pie on I -.7.,%, � 0 i�,., A, , :, I ", � . . .. 0 r: I/Ii -._117�, ,,� , ., �-4 .",t� I � .__ ff . , ." , - ..0 �, �, I 1�1011 ;__ - ',�_ I . � I I . , " 2,'F_:te .�,-,�*, ! ,-, � 'I�,` 4: j:), I .. - ,1,� ,I- '� � C ^= ' •i.1. 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RWTDJZ"J BEAU-1, CAUFOWEA Prepared for mwmr-saw BEAM RmEw-ij)FwjqT A*Ym 2000 'lain Street 14untington Beach, California y c PMER M6TO6 550 South Hill Street, Suite 980 Los Angeles, Callforni4 90013 ana 55 Pacific Avenue Hall San Francisco, California 94111 7690 El Canino Real, Suite 202 Carlsbad, CaliforNia 92008 AUgLA1t 19M W !4f WT -01M. 444, 17 ic- L.'4 k, 741, es T7 T I i4, #..I 4, ANN . 'xtf' u,d. 4 .�'1`,•i afi jy It V, - rt a` r W'lf J rt 1. .�. ,r t '�� ( + t - ., ? i tr �YA .,, ; 1 •rri7_ a � .I �I 1. ,.I " ___�I . _11:I I, .. .,�4. I'I , . .I -" _II.-. " .I - .I �11 II 1- ' _$. - III-� �, II.,� .I 11;I �, . .I 1";.'I .I�1 - .. ,. -t.i��,.'f�.1, - iI� ., I . .I1, � .,. .� (.- 0..-,.. .,'I;�., � .1��,- I 1 t�1;- *,. S, II , I. !i rr �V } t O c tia. .:,M A ,,,.�;-- .�"- . �,,�4I-I1-�,� ,*" l- .�I , _ �i.r t 4i,{ . a r -: .`.. } i ? A d �s veil a-Y +i i e`a ;i _I'i Y - •1 Y. r'1 r t 't ti�'i '� ra—kf'. , !,r Iy`t S , ,. `s' } r l 1 . i, -, t;; r- T 6 _� { + r� r1Vil�. 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Schilling ` i, ` j �, •L ' SANRANCISIO411I..it;h-19150 Yi) 0 jam;; r• s , ,i ` NRt11 .t" µ J ,., x , t,r: i, - TimothyC.Kelly 'f� a , ''A al f ti 1 e 4;i-,Jd,tt 4a -!' ,t': - AJcrTy Keper Y� I," I- tat r. 1( i5``r :.l +.� r 1 11jICi10�1 Alerston (�a1Y , `�L ti , V"11r F 1,t`; 1., " Y i Katc Carle rutll. 1' i�' 0 4 '' r ` 'i+*I i) .j� 3 I ('A ' .+ iLiFtrrt l.Wclnit►rc ) ; � j,�l vim', . A. �y�L` (� Q(�c , :, r, 1TV>l�' �(r { , i -1 a.. `i�`illMilnlat 1 1 7{7J ti.. _ ` 1�"i #,•' �'11 `i Y w • ,• �. , , Mt ♦ y*L ', •', /t `, 1 ` 1r ��''��tt t Y F `:. '-I t R,R; a i;ft Yt? Nr. Oou9 LaBelle '��), A.0ff'�kF, Dtputy City Ad4inistrator/pedevrlopwent Ai;�t rl I ; � 1i�L, :' P.. - Y 40 7� `' Huc;ttn9tan Beach Redevelopment Agency ':s IN ( ', Yi rt ;r, , k)'` :` 200D Main Street �f .r r ki`"`' J ," tF.; _' Huntington Beach, Czlifornia 9^.bOA ;� :Jtttk. (,: it i Y:, Dear Nr. LaBelle: i1?� `, I c: ,a c1', (: '' , },t,, 'O ".t + In accordance •:'th your request, Keyser Harston Associates, Inc, is pleased to submit this economic analy is of the propnsed Dispo�ation and Develope�nt .spree— 1st 'lit5'. W11 'r 0rY % .f t ' •'j'•,, i i :it, kIIk" �, j., `,,r,t r� }}J„� mant For the walnut-ttaia hotel/retail complex and the Pier Side Reta.! complex ,r, k ;,; t t. � i .,-GJi .;-1, I,r�•�r' to br located in doMnta�+n Hunting ton beach, =•t 4rr),jV, ",ii r R ', , 6l ).i. ). t 'w r. ,, l1 ,` ; lhtt puF'posc or' our +analysis Was to deteraine whether tho proposed 9raund lease t.: < h t i4 �- Y :i ,'• - %r .r , t ii' r , a terms and level of Agency asslstansre contained In the proposed ODA is rlrae•ranted r+ ' f, +;t f .; r, h b f h d 1 I�r. ,b 1111 ,, t,Iy � 1 r,,,�rf,� ,`,): on t e as><s o t e expecto project economics. inc udan9 the impacts of the ex- :,�;-, , °4." _ �:; rL, trao-dinars restrictions regtaired by the Agency. the following report details I. Jf ippr�aa r .`<`' , the dee'e;apetent restrictions requirNd by the Agency that impact the project , ", A r ., ",�" t ; ' X economics, the estimated costs znd rtwenu$s �ensratted by the proposed pro,itacts, t.- ` {:'r, ;S iFf` L 1tt and the esklaaatmd return on total inv'e�'tment tein9 provided to the develuper, y l 'tit pt r,.tt ' 1.> , ('i Kiln the basis of our anralysis of the economic terms included in the GDA, Zt is . �r_tL . t�) l i.r.;� . our opinion that tha proposed Agency assist��nce reflects fair and reasonable f til it.J' - comt+ensation to the developer can�;iderinQ the Agency restrictions on the scope ,�,y `t, ;, and qual€ty of the d¢velopaent, end the f•equirement to incur extraordinary ","irf`z f,q, %, developo3nt costs that Would nit typically be incurred with siailar projects. ,t •f;r/.h {x`wl, A'z "r..i •y4;` ,,' tJur conclusion, hoMevwr, iS based on strict adherencF to development restric- f1 0, ,i-1`'-�a�►,� Ij= +; r T, t tions mad conditianS contained in the repork, and in the event the Agency d',!`w; yru JJ , . !; restrictions or requirements are changed s:grtificantly, or construction is not , , l;(I )1�-I t coc�encrrd on both projects aithin twelve months of the signing of the DDA, the 1. t J� f- rVY ' t ,i t - findings of our analysis are subject. tc reevaluation. 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SUMMARY OF SALIENT FACTORS AND CONDITIONS............ 1 +t r j �►. ' .'•�- ' II. NATURE OF THE ASSIGNMENT . ...... ............ ... ....... 7 r R rr++r C. jI. �3a'3';�,b�•i if i , tri?4' �* :/� �� r v. •' ! +�trj�,f„ 'iTtdfil= �,` tr III. DESCRIPTION OF EXISTING ENVIRONS ....................,' 9;�,,:�,_t �' IV. nESCRIPTION QF THE SITE AND PROPOSED DEVELOPMENT..... 10 .o1 to t{a . t.;'y3' 1% �'t�7 ., 4 ,' •./, 2`I •.±,'jiIL V. DEVELOPMENT ECONUMICS................................ 13mc `�t ,'. .'+ ( qk,t•, lr�rl'i t f ' r t r ''4 jrs>��r:a�', 'i�.,�• � ��;�ti ..........!sf VI . CONCLU5ION5 . .. 26 fyTitt+ � �y�•�+f >< t,T. `i!Z=�t. i' ,,�`�A• A�.ti+F`:,u �'"'i lt� J '�� .��,h � r n 1 �_ ly 1. �, � } t�'l�Lttc G•n�. t F ��,' V1I. 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A first quality hotel containing 300 rooms. 2. 15,000 square feet of retail shop space fronting Fain Street. S. Parking for 330 cars to serve the needs of the hotel. 4. A public plaza along pain street of S,000 square feet. 4+a'— U ' 1. A Ainimun of 50,000 Square feet k�Yotherentable area on an elevated structure to be built x. A minimum of 25,000 square fetof restaurant space to cated on the expanded HuntingtonBeach 3. 500 on site parking spaces for use of retail restaurant customers. The Nalnut-Maln site to be purchased by the developer consists 1 a ice+ Y. { 1.. ,. s..:. -.. • .. �` !Y iryti' ♦ Ili i 1 11 �t r•S/J S�/. f`'i� r �� rR 1 `,Yr rir7 i} 1 �. i {{ y S � t Y- 1r;. r1 .i. r r J. 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", i i� (r i. 1' f ;r•,tfj �t _ 7; t �t�rt'�+t• r, a 3• ��! > a !r l 1 i ._ !, r, is t-„ f I X li. �► _.�� t..i.L�1 rr� '( 1"��, a� ♦: ,_. +��'jt��tl�l . i ' ', rrr. .� + + s 1 f1 1 ..+: t .jt (} f.1 t?+ Jt �. �r :�I�W tl - tl ,i " r�r r 'i�'� .�Ir'i 1 s• ,i , •t t T4.. �,,��C•. p e_ltit e.?' } ', sr .•r* if r. tlt'.i �'' 1 ,°�♦ ,! :' •J ( , ..., ! r,. .� ' ► I ♦ X, _ w ,r ., , , i, r�w.a,�l rlt.4i�YiM.Mrtw.+..rrNfn►.wr.*.r,.�.w..i..►...._.�.....r..:�.i+. 17 ry � r ' ` air • 1' `*rater 10M3ti�'ndaf::Atlds�llaK•L � d 1 TT �•' { 7J �� ✓ Y4xt11"v e 'a17 itt ♦.,.7 Aw arF. ,. of 1.h5 acres and the Pier Side Retail site to be leased from 1. y�yQJF r it .�., 1 rr( Y r j1f t,j')f1i�u ';,:Y' w »' , the Agency consists of approximately A, 0 acres. , 'Iyfi'V"��"'tr��,• N 1s The hotel/retail development parcel is located between. Main r/,y►��.� 1t�.'� and Third Streets, and between Pacific Coast Highway and Wal- N nut Sreets. The Pier Side Retail is located on the ocean side t # ;� st'4' "�'_'�' of Pacl f is Coast Highway between Main Street and lake. fihe ates the location and site plan on the facing page illustrc�n- t t, �fy; figuration of the proposed development. j M•.w ttl�I'' i coning '; ' the hotel/retail site is currently zoned within t•he Downtown' k' ; s�` 4' F,f 't {1„r specific Plan District 3 classification, This district allows , ' �� nixed use development. The allowable uses which can be in- �r,✓;�ti� r� ��Qri;r = ; r;�4 ,•:� >>; eluded In a nixed use project on the subject site are office, visitor serving commercial and hotel, The Pier Side Retail �,y#'/►,,';.,''/.;- site is currently toned within' the Downtown Specific Plan_ Dis- " tric+ tn. This district allOs cOgRe rcial development. The allow'Able development fnr .the Pier Side Retail site wust be "Illy i,; visitor and plar relatoofuses. MULL ,♦, ytvi Vr it •i ��1.'f;'..•` ��'': �tSp , ixF� The l� v a .. i , r ct majority of the hotel/retai! dwt3lopAent parcel is 4ii utilized retail' currently developed small under M L establishnentrs, and a minor amount of residential use. A res- taurant and major lifeguard station Is currently located an `" ` •''' `' �t `+�'' '� the Pa,er Side Retail site. it is assuwea •that the iapraveaen is 1V on tna hotel/retail parcel and'tire Pier Side Retail site aiI1 kx, ItIrl '' It;',n.�� be demolished upon conveyance of the 'zee interest or leasehold ;'. interest to the developer. it Is further ass►ued that the 1 4 ,r♦4 �,"tt } Ir1s` S, ,t�♦itRt n 1 .y developer will be responsibl. for the cost: required to reconstruct the lifeguard station at another location. ; Le ULoLm—eiLLi'f af' Restrictions_ s 1 -fps t t r �Yv� , � ♦ � The DDA specifics the minimum sire, end qualify level of each [ .� r ,T��'.� �, ,�r ; of the projects. These standards are summarized in the r i"ff�f`�fl�t1F a�i, developeent restrictions that follow. These restrictions as- 12 �' < #,IT I€rr► �, begias ns within uce thathenSction�1is antstatedii If S indicated, the atniautn dollar standards required for the r � �• t'r'• �n ��^ryt.rfr�3�' 2 x. 14 'r ,t tp��'t�lr� �IT �. ttFi1 4 /t,lh ♦,1�) jj ' ,s (. , jl� [ � , T} !t ,; Z � < r r� '� r. �' a� a i filtt,)f � , i . i ? � r t•f�Yl , d1 • ' t� �. 1 �T, � r 1 a�.�.} . li.._, h S/., t ; ��, sir" C t rrt t..tir , :r r :•Jr L, ♦ ', t 1 w•„* _i'i i►t11" - h '�"' jri,,]'1 t�#1 ( T '. ,.: s`.( .•, tt x" ,f yy,, � tr, �Ksft �r / t ' qfir ` ; J rti %iwt, ♦ }' r t, r , 1� y.\r ! r It: / ils+'1 x it r " f T s,s i rti,. 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Y, � ''1 aj•. ••..:' r• 4 4 t~,t't „,t r •171i'.; ' L�1`a1 �-:,.7 .rr a � rr;.r•+'•t /T,•j>.. �rT�t i �'ri;},r ,r 1.�(.',.� rl'} `• , i ,,. '�' , `il 1 i� > 'r.'f,. 't' [ f .�� 1,ra.` .�. 4 sts��/�. Is a • 1 t' ,. +, 1 ;t, .l.. 1S a sr ,Sr ti. t ;'rY ! i.. � 7. f y i':, f7. .r( F L. ( , '� r •t..1 y�?i•1 `. c , -.'tl.' , •'t •t� } P.. ! . rT 1 r i t , ' ! �•� t f rv�Fl ��,�1''ri�J�7y A., , • _ - e !a . y. R♦. �Y 7� n * ��. r jt �t j..�19Yj� vti 11' i r ! I ,3� � ,� t ,Y �+ !t >�� r 14 .I,r.r�j�{I r L } '(S �J N;FjW a J,j^- r Crr r - . S , ••+ , ', s j ,f �`I 7 1�Chi *�'W �. w' �p. S •`7 j �V t � '` jY . ) r � �`1 )t�Y�lk ��.'�}11' Y ��. Z i ;. r r,� t" 4 .��. '' i J Ik ,, . r ,•hit ,,, '•� .0 Y f , "f It �, 1rw ,f ,,,! � �, � ��i' i 9�� y - i r •t I ) ! f � � J5�' �•1 tit��l�"� Fti r;� t V �` ;1 _ ; f r ' •, , u F 7 � � iw s r t . jy..J ! •Y )`� �^,{ ' �, 1 r. �,,rK' =f f 7T• 4 1 fi ry ry r proposed development will need to be modified. tat lJotel 112tall P_r.2,LgL 5 andar_ds rryr 1. The hotel must contain at least 300 roods and at least one major first quality restaurant. 2. The hotel must be of high quality standards, conforming1to rZ the follouin4 guidelines: A. w a. The furnishings, fixtures and equipment expenditures, exclusive of electronic equipment, phones and cash registers oust equal at least $16,000 per Guest room. b. The cost of furnishing t5e actual guest rooms must to- f;. tal at least =5,000 per guest room. HS C. The guest *rooms oust be at least 15 feet wide from the ' center line. The guest rooms must have a total area vr{' of at least 420 square feet per room. r;r �^l;Y d. The gross building area lust be at least 205,000 fir square feet for the 300 rtaoa hotel. In the even t -the number of rooms is Incrensed from 300 rooms, the total gross building area per room must average 605 square n.'. feet including the lobby, 'the restaurant and coffee shop space, and other cosnon areas. 3, A hotel franchise and operator nust ba Identified and ap— proved by the Redevelopment Agency before the construction begins. retail space nest be f� { ' d. A minimum of 15,000 square feet of r p , rv, provided adjacent to the hotel complex. ^i b- a *. f 5. A 20,000 square foot plaza must be provided in conjunction with the hotel/retail development, and 5,000 square feet r :� j of this space oust be c public plaza along Main Street. 6. 330 parking spaces oust be provided by the developer to serve the hotel/retail complex. Piar Side Refail Pro1e_c-t �Yt rr y. 1. The Fier Side Retail complex must contain a mininun of 3 ri .r 1♦f f 1. �,rTj'� ./ � r�,•`P �}iYr l�r�'i. •t (,��*,�r r� ,C�'/? �',rs tic +,fir f IL ''•tt~I �`l CY~I Yy/{{�tt`i !1i, IF a-,•�{, r"�';�Ytr M'I .1".i�Ca�'7tt;, , +� , �.ir t _, r /( 1ji� � )1 rya, (l I: i r�'17` Y�� j r 1l r. i •t� fi 1+t`- \ ` , i�'r7l,j i ,� , } .��([}jf7��1�'r4, ! L ?t . f d( (; r rt r t�• 1.�'.� r 1+S J . i' !}(Y :, i�t ��i�iF�J4�7�►�-171:V �l iC�': ��'``�l.r^: F .., ftY F. �r�l �.�.f� `�'r Iiri.:,1 jt„��'1 L.;)\'1 '. .•'�1 ^' I��Y'i%11�1�``4L�,iJ �r�i��Y '1„��iil��`� Y 'S` JyJ (' `Z•Yn i" tY j +.: r Y( )j ,� . ,�:iv�s�1 r�-'1-••,�r.-n t a • M r0'iJ' �l r-Li S 1 ►a) r � ! yr t iy,,�j -r t� � r , �,�t � ,�tl t !� fj3 ',��"� I J � 7tl i, Y �l4� ;'1 �', �) , �Y '°" 1 r � J ' 7 7• y J 'T °' i f l' , e,r ye � � ( ��S,.Y i� rY.A4 1� . - �r F i gilt? ` Ct �1�f`r17�� 1 � j l.{ 4 �f .�A� ,��4 tf'� : Y J .:� ,,jir= Y�=�! :v � !{Yr^r K i'�fl / r•( SrS• 'rJj�ai� . ''jj,,. f �' ~ h ��,• f , .r. . : �. 1 , � � All ,', ^ %P .� Y r �y 1. 4c3 f�� ,+ , � t• f � d C. tf ) 4`j+�: ,1? 7 a Jrpri i,� ! $ i ♦ r Y i; { i r tr 'r),., ll t rIR.� Ft {}.• j} J S', ��,'t[,yi t.�j.�j{� >t ^i,rt J�,f�SJ �." , , :��.:, r ,^r.t.�: •-r4 'SS�e , ' ,.r i , '.1 r ! ' 'w !,�(I '� ifs' t I�ti{ �iigLi'C s ., �F rY :7'1 , ! .�.�4 [[' }. f T ,Yir. t t t,� r . Y� ',i �'i� 11t� `) J •.� j� �(t r'i Iti.�, , �I , � r:' t�.r ySf I��1✓ R:; 4, a If;� 1,�� ,T J f *�° �•. 1 f �•; 11 1 f fl y {) '` 11 ,: r S'•J� lil � t�r,r t5 Y y '^, .f t+ `,yy C .:, ;� }.f cor r rt t 1 yrl r• r � r + ,Y r �r r�y��,n��,�t•!,1 Y � w:, r r+,l i' s t . '` r'ft '. , rF f i{ '� lit- v •�' f k 4►k s.,. , ' t r+t �! + •: (+_ ! r ! r r ` �' 1r• � Nr t S ' 0' )1 ( 's t' `•. ! + t ` ! " Y M r it � : t'� tf r 11•+ � .. s S t t! .! � t�ha ,_* „ly'� r•f. {It � .ri rr 41 1 - It Jb N'tT•' � _ 1 t ) • j } '•i { ` : r d d'` � � ti.. s, 1 �y°i`s -R1?1r t!Y (�_.: • _ } ,,N•f ) I ,`��. r-'. i { !i r!E r•�1 FrT .t'�� yt`l y'S ri �.��x ��}1{jf +(# S ,�� t ti•r� U4, j�. t s y � ; ,S i � ,,�1;. •t • t 7 +�� tt '� rJt, ` ,�'V � ? 4 k.? jl;� •�iy :;�5� r � j= r ,zt.t:: t ..:• ! •`%' +'' r ,,1: `, � , <.., r ii, r• ! i� r. )A,4II IYr�--•A , Ptr%:If �Y ' 15,00O square feet of retail space to a maximum of 1O0,000 fr' t square feet. 25,000 square feet of this space must be to-��, j Gated in restaurant space on the pier addition to be built t by the developer. zz ! r,. 2. The Pier Side Retail space mustbe of high quality similar in nature to the developer's retail project in long Deach• The structures must cost at least $75 per square foot to j construct, exclusive of land. The tenant improvements costs must be at least $25 per square foot of boil ing area. 1 1 3• 500 parkinq spaces crust be provided on site ;4:o meet the needs of the retail complex. Additionally; he developer must pay to replace 30O,beach Parking spaces th;;t N111 be eliminated as a result of this project. This to the re4Citiglnt -t='t Is being cut by a $100,000 annualpayment d ?� Huntington beach. The developer oust contribute $2.5 Million to the costs of r expanding the Huntington !Beach Pier. rt2 5. The lifeguard station and., 'of space that ,'will be eliainated as a result of this project Must be replaced at the develuper's expensn. r, 6 ,J r t ;,. � �•� � '�'' Gene_ r__al----Cnn :+ Construction on the project oust commence within 12 months of the signing of the ODA. In the evaat that construction has not begun within this period, the conclusion with respect to the appropriateness of the e.conowtc ter es of t�Yl�t�i *;; the DDA are subject to reevaluation. XS{T 2. The developer roust construct a, pedestrian bridge spanning . tiF?iC�� pacific Coast Highway, connecting Main Street to the Hun tingt:n Beach Pier. .s The developer is responsible for all on -and off- site im- provements required by the devel3pmtrnt. These ir�prove- t t, cents include sidewalks, street 1'i9htirg, cu►bs, gutters street improvements, undergrounding of utilities, iraprov- i+.:r'rN�h�systems, and surface and struct��red ,ra't •, inq water delivery parking improvements. The City and or agency will make ,• t "rsrtJ;'tlie available um, to $1.35 million to oeet the casts of improv- `s'�',; y'.a my the water delivery system and undergrounding u t i 1 i t ies •• K ......,lYw,rw��i+�►7'!�! ,, '�� ; t-•'�' 'tic tS �(M{ir1 ftz r r R in •�rj ,t 1, T!� r �, 1 ti <' 'r 4 7 % ;fit J ;rl + ! t, Yr K J�• .. r { ,ts { 11 4.1�{! 11r� � r=t ./� 1.��-•r�.a I /t '�1� r+r�IrC; t•' !.• 7$v�Jai+ ir��'� +/ ,iil�>�, ��'`„ '�it'rt1'i f ;J s� t as j+V V ''}L, tf �1 � ' �t r i^.s.+>�t,d; r,1 + =+itff ,ti.�•� t"a'7� �•' �tT(,� `�t0.( d i #; S 1 J V7 ! � + ! t e v 1 i �� , ' ��. I • F' I,y� '1' fS� 't +Y 1 1 ��y 41 •=ie h'��! t !j!: ilt;• '��til + t•�r*P 1.�2�,'r t f. :'.�� t�'I +'f r ✓ ti:S,+v, J �t'1It t r� , L j• t r i r, �, r r C L: rJs ( t + � t � 7 •r '` t: �• T�7 ' c' t 1 1 ,,� � L • ,: �,)� + i rl , !,. z i fib 11 � +v,�, � ,; ;�,� $ !E a✓ t t JJ6 t tt 4' t} d ,; t r,;.1 = t' 1 t >. n t i . r �` t t`iFl �� +�f�• b yiit fit! t!;r,?-.s ! ry�t lit ; h�i` tt wt .irttt s i� t1�'r.S 2 y. ' t,��],'_'tt � �r•''[�y�'�yl . ,�r ��,'}'`'r t+r�+.y r i i. f � 1 f� f {j 5 � iS1Z 1 ,+ tt LI i Ti• nr rS } + � r tr[! � s !t � ' S 1'`" t y . t^ �ib�++�Rr� r? "' � ii ._i � `•'+ � sti`., r try �� I,ri}1�+ s�ti ' t '.7� yrjl♦�{ ' s!��1 ��+ n �✓ sy�.� 1 t' ' ' �S[r i 1 i f t •` j-1'a c� �� t�Mti � Lyh, � jest . �� t Sf�''f }�'�� G i �t'� r Q f f •"-t ��. ?. �r r !'r[ +4 * � ;i� �1�,"+�7{ �` � t •'r �r>trr y y �� t •Y JF { j } q y� �*�rS � �„;�y{h`j•��t t U� (t� � y� �+ �^ t! � ��,pTr��i l �1t� �'It,tt �� fir .:c}C`a.it".�JI a r r . ."t�'. t rS !}� i iiiJ! t {'1'• �.,'i��'i�), ,f'li wJ1;i,'S }1t �r•t1�tL , ..�,,.:'�j �J, M y t• rct + j ,t t iy rti► t)' E a . i ! f �2 ja• A � 'yy ' '.� >f^+�i•1ft =s3, �fr �1 :` rt �1�� tr jr` '`,y ,' "' {•fit t�! ' C t fro. i✓it! i S`i� j{i ,'�� t i ''. r i/ s � Yj3 ) t ''trlr �11T!' Fj r �aJ �i_t, 3�1. !j'�}•t ( {+"�{ .�+�Sa ►yt' J ,� r�+, ��l ,�� ri. � z�R�1 ,��lE . ��, S i. rr� ;�•. ttt, �`r ;��r.�r�r]�, f ¢ f + ++�r �)` i.., rrr ,l. �� r i ,-�,! t + ` 1 4''�:�} t ': i ,�. "y�• I r 1 r �r .( ]�. �",vj' �. t y � ({ r _ j t wt �+,.r {� ' �� y, ! l"! r jt l �t ,'': r f l j3! tiu+r . • s 11 t •! F �/; 1 t[^ C' / !� f7+�if itt yS i = 1 t rCl r 7 `"I w'rytir ` .3 a r" + a ;+• '��,} [.x, f- i' Y s•!:t .i di°.-'+ ; f.!t r1! ,, t, t S ,. ; Yr; r , L!. �,t � ,fir• y f 4. , .fir '` • . . r tt, t Y j _44M r, +r�"� YeF •(:t r•sf lJ at ";2 ;t.� yt rt 27+ +.. ,. l `, t.'tr)�-r2 ) 1^J:��`litf +,'!`� I„�j ..•t tilJu ,jld�, T. +' 7 ..>•: `'_?C;!'�:i� >,� ;,'4:j�r+ ��•Yf .''cE r' rY :; :.t� r ','rr 2'�1 1�1f,�A t�/!r:�t"'� 1} ��f rfi, �f..:: �+� .``�t `1 ... '. i k,-t : ..t. t..ty.. t i.h� ., .:�- + i y ,i r r r,rn 1 •I tt a�. i•� r)t t '+� t •� 'i •' *' ' ,t:t°� i �t � fir;! ,;; l .r ° ';: i,r, - ,,, �f! - _. tf et,:,,• �,. � 1 1.a s 3 �l':.1g i { ( t { �v �1J.�F„'�il :, �`il t �r ft i,•, t ti .., r r ittr;I: F, .� , tr w• w•,. � t/'r; + � } .._ �I .. �,. ..., _�' :` t ^� t:rr. _ r - S f i' i, ..� a + Vh:,;Z t >>w�- — -- c ,` r,1 �+� r./ I t .t r1 1�- ,if t y tM•' it t :+,.. f1 7 I _ { _, t , ,- N',, ,trf,l r > r ii, 44" I r r Iy�S J, I. I ` i+> ' i `' y'i':i t L .; r` �: �ry /�4 tpA,g fiyri', k•, { '..- :; \ +'. •t,• 1 , �I �l ;y. '.[ t `� `•, +� ,�' ,r ,' - �, lT- ,•'+' i h ,) 1( , 4 j } 4 . ., , .. 1,II I I I I � .I . . I . .I� . I I .. I II.I I� .J,. . . . . . I: �. I 'I . �-I : . I- 1:. . .,- t . - . .�, , II I. I ,� II� ,; . I. . " I I. � . �. I I. O. ; ., I. ..,I:I, I,. � �I� .,I .II .� ., II t.., l 'I;u�^♦i;y+i it =j t +" .I , . I I it' ..h ) # `,i, lrfJJ t. F'� t i j� '•=11 r 4Y'2, R �I:. . ;t1ta{ -,11., M,''•1 f,,tYr t; 1 l' { . . r st , ;i.i �•t. .},. t - 'l • 'I. JI/IV♦ I, , f.rt, i j r, C; ,T�: r M1 j, i- .., ,1 ;r 'i ,. , i'. �%tu.'J'.7'1.,,7;," J•j :,..pa'J t 'f p7J'I t." -!' +i , - i •I� ! 'j- '1;I •;_•�:y ,. „ _ ;, , . ,, tt ff ,,y it ,V1! / 't :trr �!�+''w..y� !.. , '.l .1S 1'�A_ fr� .i "t+�,-.,� -_I 1 „ 1 •' f i 1 �,t�' _ .' �a �.: �•'• 11. . I• 'jl �Y / �,I ,�,�f ir,�tw •�..Zl ,. 1 7' sa ,/ A• ' 1�' 1 Y.1• 1 t= f Y' •� .=r ( _ , i t ,AI•J I I 'r �q '�e f �y,, �. Y' ,.al l ✓,r' + tt !.. + .. M +,.C;:;r:.. r Nr�-� ..,y.J•y•Y_ ��, �.r,;. �• �i + .a r .,b.It..+.. a!+,b. i•„ r =.h i J •' ' - �., y , ..: . y t :7'w .7Y). _ .`?1,. _ :?1*., , ,_.,.yam_ Lr ma ..:ai�%xwu fGr..l+w:.k, fit{(� j / _l:r , r ) , )* t ^L ;, t`I+q��w1" ! sic i 1.✓ ...`(�i + r rr`g-` ,r R Ir.,arl. Ael} GI ,4:i1.... t."e r i.t,,- 7 a, i* 7n t = i7; siy i 1. !I '< r+ t 6+E' { t . , 0 °" ` I:i E. r; i Jr. I ,4i fit r: r -` l 't,t 3 �l,l ` ''; ' t tt yy [ . ' i = fit} L� ti r .w lft , j, 141 .,; i ,,;, I ,,.. ik t. , Y r , , t 7;, r , ry ,,'�, , ;: 1 it .-, \ } , SI? r kN ,S17=� +�t7 ,t t=i1,F; 'Ai,f 4, The developer is responsihie far prav�ding landscaping ! tl rts` "T ,.••, t ,,I 1,k} , .- that meets the established Huntington 9P3,h city ordinance .; I, - i , , , , J� •f 1. I. , z fr' far the project setback areas and the public right of Nays. r `�--+f }+�t ,lY, f '` o. M7. ir/,t;51=J<!/f _ J, , tl iY t i y 1� # , f`_TI�,"+. *c 4,!''�+ - 5, The developer is respons{ble for all tenant rNlocation '+ 'i: l 1 'i?t i },u0di ;:j.'r''`t`f'�I',"'i C05tS dnd the City Or Agency Nlll fAakO BValldllle Uo tC +ry (''t+' ti,�� 4•{+i' V.I 1j r f1.0 million to offset these casts. _� t-j,«3' 7's.y� f > I . 0 .r k1 t '�';' ,"r y ;')i J. { t r ,; ;i` ,,bi. .,1�' is iiiiiY• t 1 ,7(•i�v' f 1 '. ( F �� ,' '` 'E '' `�1yt;,�' I 4, liggtions_ 1.',i ° R t ' ': ' �, -.,-"I `r '"-t:' + I*'- 1. The Agency tii!1 acquire those parcel within the Walnut- �t ;1t,: /.'J�.a '., o ,Ta, F ,%�-. 1. 1II L. a l w 4.1 Tr' _ (C y 1.11�h 4 i r tJ i�"/ !. , ' +,_,�., �;�� r= r Main site which the developer is unable to acgt:lre, fore=��4+�T i '� 'P w!, ' 7i. ,; "ji. "° •- subsequent resale to the developer. The developer is to L" !' r' ;•�,4 It, +t j%t r "- , ,. ,,1;3t.,,1a t.�,f Ik;,,r<: pay for all costs associated with acquisition of any par- r, t p;� ' 6 J Ir `ztj'1:: calm by the Agency. i dw y,' i,,r �;'r ' 21 The Agency will rob�te 100X of the transient occupancy ,t � '�' ",,''� ` ►� 1'• taxes generated by the Walnut -Hain site during the first �Y / r� t.. i " Y �; !`�.��rf',�`;�'i" I :,"I, ",!r' ,J, 10 years of hotel operation. �t W � ' , J1 fr+l; �fff �r t- ` `;' � `, 4r 4.?1 ,',� -, .I �r bb t] , l y�tr" . .,r, spy ''f is ;J' 3. The Agency Will rebate 77X of the t?tx lncreeent revenues ;+ �s - - s 1;,vt �"'It .1' I = ` 1.•'', r generated by the Walnut -Hein project during the 10 ,years `'�'`J x' �. ya S.0 .. Y[ 'i: ' !{ 1 TV �.:. . . J "4'� ' 6 ,fit =z,=. t> ,,=iJ r following construction. In the event that she developers .; � , "�i, ,Ir. , t'` ` ,,E I�ir , T,'1;I '1. ', return an total investment is not higher than 17.OX in the ' ,<',.`, ►� . 4�r',, tti' �t'A 0; r`; %f .' loth year, the rebate will continue until the 15th year. f Ir 11ry I i` ,",;,i �'i/. r;,%4. The Agency Nill rebate 77% of the tax increment revenues ,,, ` -j,tn',�» r •11 i� ' ��1 _�`' f "` ` enerated by the Pier Side Retail project during the !0 �+ �:"�:: i 4,r , l r g t r, yt' ,� #�� E f:i ti t J 1�,"'Ni'lI ; `'`+--, �,' „r: years following construction. In the event the developer i,1, rxi?.""'.I�� r` 7r+f. 1: I. , TI ,i$i qI'; S' , ��1C:. rr i �t has net achiEved a 15.0% return on total Investment in the 1 IL, .,, r ,} O .- =Y J:'i�=r,r'' ` t `' loth year; the rebate will continue through the 15tF year. (`yF;;t f'4{}',"'; r "r yqj ' f 'lr 7 tr ,J t. r,, r! 7 4r!in �, , Z4 trl t , Ip !.f�1 �n'� ;I i �.� 11 zz ?, "i 5. The Agency will enter into a gr ound lease with the �`� J• tr=l ,I T,f"lL Y r +^1.} ray+ a , i, f jr.t , r +Y t 1a '� a tJ;tti, + �h ¢. rt•1�ryj, L,. fF,� i ,1� developer containing the following terMs: 1�*� ', , x 7 ., Y1 +l+tii `it TlFy�". l A'. r f , sF' ar r • ,� •y: I �� f+N': �I. h'' .i � F j�'f 1,�= fl7 , ti:fri �� i' e�r,'.a . �Y 1 7 I�� j` rl gy K J '.t,,',%1-' , ,'r-": `' I Hinlnuo. GYourjc Pergentaa� <=1 I. ?r, ,ts'I t J r; F L.el Y Y ,Fe ` r." ,.' it, e8 VS. q•�os5' incoiep F, ;+,�c 'cit�i� clI S lb + u� I1 I,•T r,.� tit ;; L'd` " .J.,I t:*`. x=-11 'rr,,�.M,., 1 l f it 4 ,.� % . .. " r7 +'? s1f 1'; is ,4'� rl'�;'t :r;,+ a r! e�„�. i. Jf,,,,'..'E.'.fr k{r'.• 1r f + 'f =Y `' fiYS'l i.',Ii �Irr �',,r 5, ;[ tt•-i r , ,s .: ,• LrlT i,, v 'r / r i P'i t 57t�? / (;r�` 1 Construction 5286,OOu --- z y b�1f2 ,j, , r �r +tl' `'_ z(r`_f4fril .. Yrs 1-3 32$6,000 12: trI," }ri,';a,`,`1�A It , : _ . , fq`,J1� k4 -1 �'ZY,`r{'i?,1,' Yrs 4-6 Great„er„of 122 . it r+(f'I N. Y; 'S+, lai1 ,1� �` r+ � fi 11,E �,,'' �30�,F.lOV Or , i1 . i\{�t�ls,i• i %P .'"' . L r c:. ' t 1 r'. nt- 1 `��{ 1'. 71 tl,II-/ 'r-1,:,' k. tt �� .1 S4 per sq.ft. i rr `j ;;'-,',J, 14,' ilj+'�t [ ! 1'J�ti +_�:i;,J total GBA � iI A,!.::i�t�'��C:I � � f1 �ji,ltr lay/, �1 n ' I + : 1l , T , 4 .n,�y)"��1th + ./ '•'I J' !N 1 ,t, Jt:Ill Y ,_.I ,ifs . .'�i ,t�. Jtf I` "'i j_i., �,.rpS�e ,� t .A + l 1 ,17 ,+� i,, f' ar ,, : .' 1 " ="-t,�llt� rt ;S} t N `..t' it fa rr. .,- _ ,.. t t�t� . ,. i C. 1` r;+ u : i'r = . ->.. t..,rM,1�4 t#>_ +. . d.I4 i r S i ' .:'t ?,�)li�'`�i' , t: , J •' i r 1 1 i' Y t'' 'S. ;.t �I; 7 , ' �', iI%- . ..I 7I .. I..` rl ..'tt N' ,r y ' + !� ':• .fit A-, IC , y t rjY.i-q . I �tia C fit , {+.T' i :R I t het: r ",' i I ,1, t J , i+l I_ I 'r`. ry 1 -k r, r 1 t �'7+Y�� /' i `j1 C =� Yt, V 1 ii: �; p { . ' 1 ' I , : 1t 4, 7t + ;.� Yt �.-. Y •,e 11 Y� . `y' ,I 'l.' Ll. Tr ,'S ,a,', X I, a lea^' J I'', , ,.,, t. !'' 'A �• f ' - t, -,.�( s-� I` /' .. i (�"y L J •, , t I , a t 7t F + \ �..I Y/y%tir -,/ t,,. ,f ,.7 ki .,._., ,I+,' •!i, �Ir ',', "4 S.C`� f I- i., - t•' •' dy�i yl Aj %, r.; �, 'ST^ .�,i1' 1 '`I �.J! y.,d i 'fl`t ..,1E •(,• 't Y _ 7 ,.0 J+ .'.; ylr• 11.. i _I,,: , , (/,, f. ;.; .+♦ 11C1 n. •1.' ,'�` Ct 1, ..�ih1 . IN.f�.�} 1"; "t`'j1t = I \"1 I,. tt l r^i'. -t.., -ra - :J 1.:.-�rsl , ,I,:•i tS J ' i'•E > Jh;?�, ; ,Ct ,I i2, .'l+if: ,ii )SFJ^". d rl �.J, t �t, +' •rr"; 1 =� I ,i l',f t ,r'� t r _ >t, t-'; a I+ - \i'v7 !'ii'i.J" ; � �a wfII } tt** t !i` + Jt it; /'I. •rr:;. +t1 ;Y = r ." t .'' Ir Y !I r a:.Y 1 t 1t Ziah.5' t ? ,�. . � i; t if 67r`..,,, . , ,^ ter ,., I ) : J•; ' -: I � r!,t (, t ,Y :+ ti} 1 ,S, ,. .,, _. .,t t ; R / 'f, `• 1 -.,k ,,Ift 1!,.,t I = :'t. t,' , t� i, i' aS 7 J'_.� . sib' 1-,... � vj r.. t 7 I,; e � �,j Ir J1 i• • � i r - / r r p ,•.t ' , ir'/ -.1r 21/`.-ice }•, T 'tt 1rftM�. •.,.},,,.r"!'4t 7 ?(..=•� y1.". ;'; `,. 'a , . ` I . r ,,i; I i r ., '' t = . = r}r_I y }r" il•.�).' 'tE, a., F} ,t.r a:1 i .n I ..! ' •i'�'i,�. /....:: s-. _' ,.,'Yy :a =f. r. ..,.: , •I} .. tf:' ri'.. !1 _ :} ;I ^ 'A.' 4. ,.. .C:,1• � .ur I IS., 1 .,far r . �" . , �. t r t '%•C • 11,14•.L.e 4' , ' :l'1� ' ��. �.fi' I •!_mil .. ..''i ,r '�1 a. r /'.f'ii 7 'ar t :r}, `r, ..;tr,�s r•.e/� t.• 'n f 1f yr 14,. ,try,.,,:,,. t ..ta, •i._ .; r. ,.�. ,} , i1 IA, ; 1. 1. )I;. ,. Ci ] '_. x '. .at < ?trrl .'i, r': `i •nl,{++�� :r�,. i. J, '1: �•• ; t I. 7J.I.rr `.L-.+1,.' �..ci. .,ii`.ti.�e t•'i,'l1,,''�, ;r y 'i.. t•:Is�'" !t ""';-_- r 1 I; `;) ,l (` t:.rT t J `r _ I.;1 4 e :I �4 l.hR. a�—.4 _.-1 ,,i •).•r f,�. , .L 14.r•{ 1tl1 + T , t r1 ,IY ..' y 1. 1 .1 1 a ,, :':� irE•. , ' rY}t ,{1 ir�l'� ;,,1t..!t l ,} , ,. 41 .'1.i r .a' �).'1 %i :I :1, ,'ar •.'1''tN! .a'd. .1. t"-Y .. '� :...• •1 , I_ P , . l , J , Z, y;r., '`ter. r�. _ 'r•. �t r?.. I' i � �„i rC . {,' • ;i +t . .'?r,:.\l� f,l �,.,r� ., 4.= r,.,, t. .l .1 _ a !�?t S�F1' .,11.H hs:a�y h�t• Si _y: '. y •,1s;, 1 .:::'i 'ir... f;r' r�. i 1 r 1 .I f�C:} ,..' �..rti.:�l r •: O.e + ._ l +r,:,,:, ru.,d t •.. r: f.,. ..,. .,, 4 ,. '... •1' •` it r-j 4 r r �_,,� J i r J t, R:�w ,f ,. r Er A4 r t V 4 4 17 4, V q NIL Ir 0 Ceriod After Yr. 6 Q. lialm _UIL _G r a U n d tgrtentagf I Lease VS. qrnss income Minimum ground 15% lease Increased annually by 75% CPI Tho property was last Inspocted on July 29, 1905. , The 'dato of this analysis is August is 1905. 6 M1W 5 - IVA 0. 0 -Q, nz 4, t V %Ion ft V',% g V, fi qj -Ai ...... ;W4 N01 if Zll t W11-0 N '. f,L.:q V A.� 0 (W TVE ASSIG4EW A. Purpose ► The Redevel'opment 'Agency of the City of Huntington Beach, in carrying out the Redevelnpment Plan for the Downtown Huntington Beach, Street area has embarked an a multi- Phased development program. The major objectives of this Program are to revitalize the retail uses along Main Street and to add uses that will Increase the diversity and environmental quality of the area. This will enhance the Image end economic strength of both Hain Street and the existing Huntington Beach Plor. In meeting these objecti,.oes, the Agency is in the process of Initiating several major projects In the dnwntown. These Inclutio a major residential/retail project along Hain Strek, a major first quality hotel and a specialty retail center which includes expansion of :he Huntington beach Pier. The Purpose of this report is to analyze the disposition, terms related to two of theso Projects: the 300 room first quality hotel, and the specialty retail center. Approach A review of the economic/disposition terms contained In the O.Isposition and Development Agreement was undertaken In order to Proposed deter - I mine the impacts of these terms an the economic feailbility of each of J, the projects. The expected costs and revenues of each of the protects, Includino the extraordinary costs required by the Agency, were anoalleyze� in conjunction with the estimated Agency assistance In order to deter - nine whether the restriction's and assistance proposed In the DDA. reasonable considering the risks associated with each project. were This analysis assumes that the Agency is interested in establishing dis- position terms that will result in near term development meeting the Agency's standards established for the projects, i.e. the DDA will not allow land speculation or development qualfty of average or belo • w -low In addition the basic assuePtions behind this analysis are as follows: I. The developer will adhere to the schedule of Perfornance included Attachment 5 of the DDA. 2. Both Parties are well Informed and well advised and mac acting pru- A& J - dently in what lie/she considers Is his/her own best interest. 3. The Property will be assembled and cleared in a reasonable tine so U171, 7 -7-7 "N' 4 T;_ \I- Y k*;fw I. ZIA, IT.fy/• 0 '14 ,Kit yf 4. Y Rk -, 7' - I f I j4 !% 4f. "o 40, i 7N r...� �5�,! �Y.�'4 �'.:':r�' !'': ;.r'iY �� .-., .`'. .`x' '.� �' ''• � `_"�.� -.. �{ _ _,+' I ' �� + dry �y�ii�yG i, �r,. 1 r :.7 , t l '''' If �`+i , _ ,t�f �` ;�`.,. ..' .� , :.'', , � � Y', i! . 1• ��f STh ,, i �S 1.:.0•.. f ��' i4 V -y", Y? 4% , rarY Jr U 41 its AMA I N 1 1 rktiA lot IA, IV, AMA" t." "1.1A W♦ ayt I change in market conditions. as to preclude a naJot r J• CI"YS; Ylt4 1 2. W, t�; 4. Financing, i f any, is on terms ge neral ly available in the communi ty for the use proposed at the date the property is ready for construction. No tax exempt financing is assumed. T' 5. The seller is a public agency having definite controls over the development. Due to t he complexity of thi overall plan of a series of regulations development, the developer oust contend with0 and controls which are not common in the conventional real est te market. The Agency oust maintain a continuing surveill&nce w1th respect to the ability of the developer to perform within the prescribed conditions. A 6. The DDA can -impose extraordinary development restrictions and/or - requirements. Accordingly, the anticipated return lust reflect the ' advintages cre ated by the project as well as the requirements an 11nit-itiorss an land usus to be imposed an the developer by thi public agency. 7. The property, when assembled, Is free and clear of all P;iiluvbrances� k special assassmants and liens. r V, 'JQrJp.-. :j ' N, -dCi "Al*, I V q. DI 4 J ) V;, r1r.j.,i_ 7- �tO,:J yr . .... ...... t"."!L' 44' Z 4 w 7 �23 Wi 4 zb, l3, DO. DI ioi y, lit' V '4 41) , r}�::�,a.�.-'; Y..•,,-. i' „^a 1,• '+ r !'. r..: rr f at ,��!! ,Yra �f 1 '.(rlrjr 0.11 1 ?,A*, A, :2, �c Jr IN I, Al. , "% 1 . o ITAii ,Wf-.f. j 0I tll�:A,61 I o .1, 1 If i I DEWUPTICN 0F EXISTING F24VIP045 ,'� f �� The subject sites are located In downtown Huntington Beach, which histori cally served as the civic and commercial center for what was then a small somewhat isolated coastal compiinity. In the late 1960's and early'.1970's as coastal Orange County was In a pet -lad of rapid urbanization, Huntington Z Bt-ach way one of the fastest growing cities In the nation. However, the bulk of the growth occurred on the large tracts of available vacant land widely dispersed throughout the JnIdnd portions of the City. 4 Nv, N'T Recent commercial and residential growth has been oriented Inland not only as a reflection of the availability of land, but also of the I op;3c: It that the freeway systems have tad on land use patterns. As rapid growth'oc- A 'durred throughout Huntington Deach,'durino this period, the downtown area experienced little commercial activity, and downtown Huntington Beach declined in relative importance as a caJor coAmecial center. Moreover, the 4 f, existing facilities are, even with Its coastal onviroment, of insufficient t site or uniqueness to crecte the regional Impact nezessary to successfully AT compete In Orange Countf, The downtown area has the iWor advantage of a coastal location dfferiti9 excellent ocean views and beaches In one of the most diverse and desirable areas in the nation. However, given the lack of strong commercial activity In the downtown and the. emergence of other commercial centers, development of the site and scope being ,roposed clearly represents a pioneer"ing f venture, and is not without significant risk. The inherent risks are A4 Mitigated to a certain extent by the lack of available competitive coastal locations f:tir new retail and hotel development. However, with the possible exception of restaurants, there is not an established market base for these new uses. As such, the hew uses must create their own market, and be of such a quality level as to establish a base of support from the Orange County region as a whole. P ty'5 , A J k. r1F Al 9 r4 L I 4( C J _41t (A W I.;.-- ICY fl-..,.ine'. 4 '1' till I t7 ' ' � , f4 'Y JJ o I ANVZ1-Z . ,yr�Ar J Q W 3 tSi�I 11TA trV.-A 7 r )P, A.11 1�,V'A. 1 it of Pik, . ITT 1,71 jt;, 7A '91 Tk It IVA Emilio Z , ! r _ r, i. r �l � ' .' r ,t . t} r;�f, ��}i jif T• �.. �, <�.'tM� 7t 'fl• , , ` t r c ..� t Jrr :.4 71N� *. r.,% ..r t' y �� I >) i l^''�ls. •/ •i+ 1, r' y t r r tl i/ ! , ;,! Atr� C "f t••'1 � -,+1 7,, ` 'r� t j�J�• : � f t ' f -+yr �� t . t `!r _ r4� _ 1. L 1., ! 1 aP+t r ft ,1 •3 +r�t7N « � ('t�'R1U• � . �.ra�y a7{aa777555 �'•,.^ _ � Y '�y r 1 :.ir ~t��,r' .y','J� )i.`� ya)y a.� ��,i ? `i )� ' �1�, +r a� (%%% it ;'�y� �yk}b• .1 ai 'S '11 , , .r � �, -. : t i ?�,:I . +..` �` I �# ,R, ra�• �!, It',t�':. ✓ �i I , r T • a( f . .« r iI' Jr: Y "rl tIliJ4 •,7 , t.! / trrt:• rr � �1 rr• lt�,f rt� ,_ i+J � r `J 4 �r r'� Y 1' i�t 4�..L'4, T�•; r7Y,' ' 4♦ `` ,r# rii r.� {t t + y, + trj �`.:: .., r+� i.• ��lf �`rr<I�J�)'', 1l rri J" {f t_i/• !� H 7t J? r' r T) `� :, e i r,i .i •�� r t,� r�.I r, , �xk �P r .' J i = Ui. � 4 r ' t� or �` 't t f v Cc �f1r! t Y / + 1�f1Y1 t tr JAB c rjL y Cr M,1� �� t.'1�"/� ''� � 4i .y aJ •1 vif t�, .. ,y f rt �?}1 rT ' +�ri %(� i;%�Yj yy, t /.C•t �., ! r it �r li� / 1 ,I ,: �'+" 1- q da 1 � t r• it1rr t !�♦ C y 1 r tr t � 'r r ft� '��•�i r,,<.tr it i'it' It+) r j" !r•f +f , t , Yttti f ,,,I r L�r •_��f °l f t, �L ' a ..t y}♦ 1�+ i sf'r �/.' ?f �.^,jl f�j-t �17f } r �" �j' ��' � S ' �A1 f�, r t• '•F t "F'� t ! I k� • �e �'�� i r'Y •M � � !! •, � rr � ..r + r I V OE I T°TTOh) Lf� Tic SITE MHO PWA,( D GEVE7.MEW V A. Description of the subject Property 1. Ownership The sites l'ncluded in,. -the hotel/retail parcel arse currently owned by:. a number of . pf ivete en Includingp the developer. Additionally, the'-Citys of Huntington Beach orins a proxieately of an acre of 'land which is *adjacent to, the development parcel And t could be made.' available for 'up to 3, years, to' aeet the parking, needs n' ciie hotefftef+.11 proJect. At the` present tiMe',:.!the developer. is 'in the process of acgl,irim they( raeaining privately oWn•ed - sit•es that are a part,of the devalopaent�parcel. It''is't,tji assuiptlon.of this analysis,- that the the�Huntingt^n, Beach , Redevelopment Agen:cY will assist, where necesssry,ir'the`acquIsitiont o("the remaining portion of the site, but that the' developer 'will be responsible for payment of the full acquisition costs. The Pier Side: Retail site consists of bLeach property that is, owned by the city of-Huntinoton Beach. It is assumed the Agency, will lease the property from the. City for subsequent release to the developer on the basis of a long term ground lease. 2. Legal Description No ingal description ID the ;�roperty was furnished :to us.:r Therefore, we are assiuing that the:hotelfretail site consists of 1.65 acres, and that the Pier Side'; Retail site consisis'of 4.0 ages. 3. soil No -soil bearing tests have been furnished for• the' sub`ject site. No soil problems are known to axistu on either the, hotel/retail sate or the Pier ;side Retail site. However', a contingency' allowance has been Provided In the financial alialysis to 'account for the uncer- `" tain.y;inherent in Dullding a deck fo; the retail structure on the ' ocean side of Pacific Coast Highway. a. Utilities :t is assuaed that all pub).ic utilities are available to the site in capacitit?s adequate for the proposed uses On the sites, with the ex- ception of water delivery facilities f6r."the Pier Side Retail site. The Agency will provide a maximum of $1 aillion to construct the ne:essary water delivery facility. The developer must also under- ground the utilities that are required for each of the projects, .01 v 10 Et ; i.Sl'� j7j l,'�t y�`� y:i)ri 1��i,}� 4�. )'yt 7 �'�J;I;rr� T1+!`• �^�r rN��." � r� µt t'�!. ,C ��+ ti7..i 17� J, r1't ,-:.'' ytr :;•�7� it ;I ( , r �t 7 ^.'t' s J .�� J . r`w ' l: +j1 r t,.`'r�y r J, r��. �7 Jr�[r�. Y�S� �. :� r -:',ii t1 `4�f4}# trj'r t t''a: + r .r. , , ` ,r t t, I ��{� ' r �j'�• '4 ', r it"��J y ! _ . �/�S 45t,;,,,� la•• r44 �v:Ic ii�'' � r T +��: t� Ji• � �', 1 r r ,7 r i r •t T � t�`�� 1 L'�a7I I `4tI�1tCri r •.r yr ,rt � 1 � fti rf i { i� y iik J �'t �� S`x T�7c. �) 1,�1 , • �r L r , r Y ,i S/rf! r� f ! r, l ,a r(4 .�i _ r •, tr ' �' � + i r a }°fit 'i , t�:Si (i � ,':y Ir'� .1 ';S'tfY�r rt.'•� i .,) ai ..r '�. ^ I •leir r i7 :il irn+J 11 ',) 1 Y� >�r, �.', Y, 1r ,c, a'X� r• t.� 1. i t , !, , .. s ?>'• ,/ � a{7: J ,#',� ll r':' � }. ;'' +• i ^f• I�'• t t Yi y� ti {. / � tl .:r f?! r t1 - :" ^;,�' • 1)!!r i • , ! .�:r I �. r , " r: r .►� a �,"'�{ ;pit }} �{'.. 4.(t t � f � r� 1//r•.il:+✓ f �:V� t,?_t �'ri�'„t; :,. . r ; t,!`, o }�1 1 t, ,,j}i,�,y,r.�i!i '{ ye:� 'rk:1t7r1t A+• ,Ljj{{1,� r;�.-i� hx ..�1, .j'. l (.. ,, i r a t�=i , ( ,t( ,:� .� ,R' �. ti l,n} ' 1 ,ril:' ��..J.:. 11: 7h :.1-�! �l•I..G L•F• I! rlt 11'•i - 1 t .'� ��; / 7Y, fy• r L''=rrr , ! � l' :I.'T 7f y .'! 'r1J_ �.. Y ..i: ,�,r,,.i�t'•��,�% K. 1�. '�f�� t,. { ��S r ''' f Dui .r,�"'} , 7f. !t(1 �r ,li' y )'r' ,`kJ l r` i11'{� f ,., i 1!. �ra tl `•�, rr` t,,', �,,7�f�,�'f,� 7• �"Spr •-i� fl .j �,:,y1r N f a! iJ' ;7 p2J r 'i� � n � �, c t;•n a/r rY f If )t7 1 +�� ) �( i�:� f 'd��;��•Y(.. �•a � f � . •� ,! tr.?��. J7 � tit. +�, ll .i I. I f �,? t. 7t /. "•�`r /p�1.J�11 ; '�)'�� i � 1;�Ir 1`,'�r 'i1!^;1Cf .I,�..�� • f �` ' r�, �ti6'y r ,ti♦ �� y+ i�'s,t �,J�i p7p a t7 %4 'A 7. Ti 91 7j. .4 MA kip C 16 lntt �P4 A t'� A A 1 U ex. p.1% , The Agency w providit funding to maximum of 1350,000 tocover the costs of undergrounding utilities. 'Zoning The hotel/retail Parcel is located- in the Downtown 'Sp'fic Plan -,,- District 3. This use deVe16Osentwhich` district allows for mixed' can include office,,;hotel, Vii I'tor. serv's'no-r9tal I and -reside ' ntiil uses. The Pier Side Retail parc el' is located.,,in..Downtown Spkific, Plan District 10. This district:allaws'Pi@r rlatid (retail Oses B. Description of Improvements --- The proposed h.- effort- complex'in conjunc h �.Side the, Piq, a O'it to"revitilIze: the i' Retail complex,: represents a large 'scale oceanfront section'of,downtown,Huntington Beach into 2mit J or oceanfront {'' serving commercial .center. In an ettempt to ensure that the objectives of the; Ngenevare,math th the construction of these two projects, the DDA requl'res,%tha t, each' ..O!. the uses contain a minimum site and,quality standard and,-thatiersch',of The alnimum,sires' 'of. mach` of, the the projects are built In one phase. uses are suia;arized In the development restrictions inilud6d',Ih7�'461 i resent time there is a degree of uncertainty report. Rowever, at the P, regarding the size of the Pier side retail coliponient of,,,,the oitrall- Project. Therefore, for ,he purposes of this analysis of.�Os,`,, pr'oj,e-ct economics, the Pier Side Retail components will be evaluated alt. the basis of the minimum site aliowed by the DDA of 7.51000 square ; feet, including 25,000 square feet of restaurant ipace an the pier. proposed development of the two proJects consists of the following uses:, ffiqul _L2x!dLU_UMLLP I. at least onequality quality ho'tel with first i. A 300 r000 first restaurant. te� 2. 151000 square feet of retail space adjacenthol. and,fron to the ing aii Hsin Street. 3. 330 parking spaces to neet the needs of the hotel and retail 'space 4 4. 20,000 square feet of opRn space, :of which a. least 5,000. squ fvet oust be a public plaza along Main Street. low ?der -, . I A nininum of 75,000 square fept of,gross building area oflocated wh i chon minisus of 25,00!1 square feet nust be restaurant space 7ry J 7- 7!777Li-V4 7 7 Tr7, • � 1,44 7 7'i 4'l 7 N e 41 Ip Q 6_ Ae N, P 0; ? 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'i. :at,!?j.T, T. „ ;�li ; •, ..� ,, :.a.r,a�L..,,F �r{+J..�rr••:� G,. ,. ... .r .. f .t v ' ' :+� ' 'sl��s '1} Sli' - i�, - :•�y , fi. r5�,� , ,� .:' r zh ir' /'' i.i �, L ! :��, - ": 1 17 �'Cr]f •tilrJ�✓,t� ,fn, t„! lrl,,:i_ t} \ .I >1..(� Z t, , hL• : „r fi try -IV 41 S 1 0 An 0 ti'i Y, and on'Da'ics 'of e hotel Y is' of:,,.the`dv,vel�a'im@ht' ec" the propose C,,, t 'Side; -Rota ll-'comp'lexies", was Performed to det'or4I'6e,..ff, t h e,� ai: a n'o 'a I' ' "eras pf,the'd total isposition aor a return on to ta 1. ". I' 'qVirsfmint' that, Inherent ' ' "I n -I"j' P4 "n adequa tie, . to, compensate the dey�eloper, for the, riskevIellb-1, 4 d d torral the Objects of,ithi" magriftu 9 proposed.' �- To', determine,. the "dive oper return . On 'totad In,v: 'it 'ent ''thc1:,9-xpec't&d and 'can 'asts were.conjunction'"Iifth,� the �- iitraOrAi-., structloii.-c' deters' -nod' n nary coits required, '. , b y t h a ! A giv 6 c'V.These '.4i tr'a dr'd I nir v , a K u i r — ! -h" o*piv,'��,N�d'-a portion;. 1 0 th 'e 16'clude the re'qu'i rJedon't that, �a t., t'hi, devell, e �, restore the Huht'ing an'. each P,ier the 'consfrii'ctlon of pedestrian —bridge'. an..11, t B, 0' I,hza� , ;slang , 1 ' the, the ,panning Pac I F1 c, Calls t': kfoWw''Ay construction of, a public '0 'require. kiin'"Street, thi,rep'licementiof a major L I f e'gUa'rd ' statia*h,s' n menC1'to:pa'v f6r a pibrtlon, of the costs, of riplacihg the exi'sitip'g- beach parking. t , : � Thfj, -,,wa'r r an'ted 'r' "t u r- n to days- to P*ei tW prfio ac ts",154,f ilni tHn of t h a p r 0 -Ja c t ed. 'na t, operating rovanuegen4rated by, th'a ,,�pr act*, ,:including , .Agency and' JOrptentand anticipated ' money , market dondlflbbs.-,16se ficiors , are considered L"conjunction: it th "We'.'le"Y61 'of rl 0 -'In v' 6'1'v4d,An "eiach ;of 'the' proJects 'i 6' 'dilerilne" ff .,the," diMbp` r. ietd`hs •eloper. " r ., return 1?5 ran .�un r a ai�ff', su f f Ic ion t, to war, t do t 'king th&.,koJ�i't. the developer; ,** , t 1 61'e of Return LIRA) as :the basic., mea'sdre-., ..The measured* -'U's' I n g, .-,4n,,Intorne `f '.revenue's." IRVIis, a' sea'su"re"base'd .,upon th`e,"Pre'sent;v&1ji�-6`f uture 'upon. current ,money 'market conditions, '*current Ipflation',assUmpt on She assessnentof,"ProJect risk the appropifate IRR for thi. !"specla"Ity �rqtaU reqdired.fbr"lhie' S proje'ct I IS ",,,to 15.'514, with a 17 to 17.52 return, hotel/retail 10 tali 'j t& 11 r proJect. .0w the exoecfed, costs .',The_, f o I n'g *s u b s e c t I a n 'outlines and seventies be-', the.., ,k6p6sed h6te'l/ret , 6herated,. by Iall til-j d' Pier side Retail 6ramplexes, I,n- "i� d, b ON'h e and presents: a eluding thy! cos 'required; Agency, the inveii'vient'reqUir'ed In ths'prdjllit.�, expected developer return 'on the total 1. A. HOTEL; RETAIL COMPLEX Agency Assistance to ''Pr oJec' t ''Recognizing -,fact',,,.,th'it,.'thi'-cbnstruct-loh-, of a-maJor' f rst the h B' v e V, otel in -,'downtown', Hun tin'g ton va'c'h,'re�resents 4 pIb6'q`9ir'Intg, n re'. thatre inherent ris;k,-.', t e,,Agency'h'' h' t ca'r'r14i' a, high deg" & of inhor h as agreed,. to, Pr'o'Vide 'financial ass'lita"n6e -'� to, 'the :deve'lo'p'&en,t. Th ' i's, 'aisle tance is In 'the'- form, of a rebate"of property `taxes and'Wa o6i:6'pancy taxes geneVated by,' the hate'l/retail complex. The'� terms' of the rebate areas follows: 13 Tf 4 -Y —I Yr1A N1 ..... e.lt ,* :."� J; ♦ 7.. W e V: U '(P �` J,. t t emit. 11 Wr j L fi0 t ov V'L s V, tk -27. 1 A - It JI • To TAIU EST I MAJED"DEVELOPMEN!''607f, OUKI INGTOK.10CH, MIXED USE PROJECT - NOIEL/IETAILI COMPONENT HNTIN6109 IFACK, CALIFORNIA LAND ?2, WO SF iS5,0015F I v, ON-SITH 00-31 YES' ALLONAW ON, 660 'HOTEL 300 tow, �-675idqo RETAIL 15t000 SF $45.00'/5V ALIOWINCE 75,000 FFE' 300 AM$ 11745m pom5,250, . REvAlL 0 $Phu$ 12.00 ISF 0 3INXTURED, 330 SPACES 5FAMS TOTAL DIRECT COSTS 123;1)3,600 A"I Ala EmAgol 1FEES l SNEWi 5.00 I DIRECT COSY LESS FFE! 3 1t9261000 FFE' :i A 0.001 DIRECT CO3T FFVS 000'. "POINTS'9 lo am 'CONNISSIN3 154' Do LEAsINI, (RETAIL) I AEA I L GET 5 4 ALL" 5w ALLONW- 250 FRAN64'15E FEES ALLOW 1.001 DIAECT-COST 238,000. 2.001 DIRECT COST 476,000 DEVELOWAT MANAGEMENT cV.TINmy 5.QGZ'DIRECT COST TOTAL 1011ky 'COSTS t; 10TAL: SEVELOPHIENT, COSTS is (LE53)'TAX lICKMENT, KATE 77.001 TAX IKAEMEMT 292,000 •NET DEVELOPMENT COSTS 35434,000 OR SAY 835,630,000 • Al, At •—W "V 4"i R4 !yj I. i fly , , f , �vo -;k +r�i #.�`T+'-'�"!k'J.T t ,`I -?1 t ,r . �f:, it h t' x �,}Y ft ! l.. • h,n u t T r -,;S ii .t )Y? f�M l f'i' S" 1'.t.'/i[r�: n., try'?ik,i. T .. J.i aryf �lt •!afdtii.l Yl�llYda x :t !i , . ! a. The Agency will rebate 1002 of the transient occupancy tax gep- erated by the development over the first 10 `years of hotel >~' operation. it rr - nt b. The Agency, wl•il° rebaf9 tax increea otel retoileprojectrty revenues generated by the h / over the first `' tt 10 years -of operation. AS'. ' ? c r In the 'event that: the !develapQr; has nbt; received a Y';oYerrl l I RR of o IOth of 17:OX•return on`total investment by the;; end t of operation, the property tax increment rebate Mill'.conn;ue ;. ' tor.,'An'iher �S years. r 1: ` 2. n�yplopeent_'�3S3t, Table"1, on 'the Jk1hd,page, preson.ts the projected divelop�onrt'� costs for: otel and 15,000'-square`too t fetaii .area pro os4d , ,the3r`ooa ilrr s'i'te '! hese' costs �aFe,' based in art: on re�en t' for the Main-Wa1n T ;:'p ,; .. , construction of sieri,lar. uses,:in,,the Southern.�Cali'forni� are, ;and -ln .� part on thR: basis of,; inter,'views ;With :developers whe are cugen;tly ; i;n the process' of 'construct'ine' "sieilar:;.uses Is varfaus locattionsr illustrbted Table ' throughout" Los:,Angeles and orange rountfes. : ,rAs ;i'n' ,. ' �•' ,,.,•. .t . . a ne,t• de;trelopsent costs are e3tiNated,at !35' 63 .aaillion ', The 1' the '., e east's; estivate - major;assumptians Used'to determine this develops development are as follows! t �, a e estiiiatetl att-1t55,per square foot 'oaf!` 'Land t: acquisition' costs r . ' a. land 'area It' is asssuaied' that 72 000, square feef' of, land IAIl be required'for;the hotel and retail+project: ;. Direct constriction' costs' are broken' down: as follows:,: casts far, .,the hotel are astiaatad at,'^t50';000 per room. cost •level is''representative of �,thP. ainiaeum ,This costs ' required. 'to build" a hotel `to the'.A9ency "Sandated 1,•. quality -standards. t >, �i. Furnish"iri`9s, , egtifpaent cost s'"are estlMeie at , f`i�ztures'and {' 117,500 perunit;An'c'luoin ilectr,onict eyuipaent, of whi7ch 9 r 55,,000 per roes, is;e alloc:ated:.for ;,furnishfno; 'the`` )guest ,..:; roams.; , These:' casts are reflective of the ;quality level requii.ed for this I type of hotel . !` 'iii. The,.retail shell, costs are: estimated 'at : t45 pet •''squaE`,e I foot. This level of. cost isAndi"d'ative of typical. f,et'ail tonstr'uctlon costs wIth"an additional�� elloaance'' to �� reFlect ' the' a terior'upp'rades required by 'the;'Agen'cyr {. 1 ,1.4, - /�y(, s! �•}r�., r..f t, ,i. � �.I' 1 r } .,. �...,. � ^., i79- ��' lv { {Ia rrt' '. t ••r•,t 1. 4 '!s'„ ✓1!','+ 7V .r:► f'^7Y!"L ..*� r 1�` i~ �) . 'w'(y •l Jaf )t ) 1.Y.. •, r t�.• 1v, !'r ' `.! � 'rat. { i � r/�'(i i rc to 4 ' ^' C t, ( ' 1 '�f'rn _ r � F()t�� v ' ..I � � � I;',�i� �� ' ` l :� I #1 X •i•— � J1 'qil Y� � Yj '/ �yirr"' �i +�"�•�.N i l r+ Tr%(c�t.+r�'17.��',1„Yf��'j� �I/ s�,��_f` t< r•` Y��. ;#f l�jii, y�tlYia i}r ,�i" 'fir �,c,.t)•'rtti'�:^'� r,., i,','} f et r,i�,l lfy;} .r i v •r, t� )., t{j(�vf:,i, Ytl i • *' N�{,. lr1Jl'.. .'•✓rr i .� ��. Y �a fi, �•# p1n tr r '). , G 1 �ti )i3..i r �l(I t/ ri,• } 4{( �! y,,.. / lrt. t .0 �' Y�, ,i / o r. �11µ. �)^ 1u, yi V 4 .',,, ✓'t }^r.,, r t. r " F t., . rf r . r ! , {I , l .. t. :�rr r i�, .i. ii.'t)...' t'� �,�� j. �:i... •� j*'T ,',t:� ! A Y 1 1 'f�}. 1 ,y�{j: �� # tS + 1), !3: l,�ir'�t Y'. (.+ r r �,, i it r . 11:.•!) 'y 11�1{,r' r,'< 1� t._ +SJwC ;i'<,'{ tflt ,r � {#�:_ ' .('.' t�.■:?tV ti 'ifiYj '�4}'r:;/I t .'", .r+ ttY r.', r A. r�' �.r.r,.t I 't ij � .,' J{if�`'t}f f1 •.tY,l �}!'tTl� ,,.,1 i . ;.,# i t ,, ,{( .•,, 1 .,, ) t� �^.v ,� ;�(� � t .•'�( 1'� s•d V .t, ,4, � j1ti7,t 'LT. al.Y,�tl' ..� ,�+ rt� � Iyj,s ;4X �r; r x 1 x;r r. 'v; tlf",�ti tS � .4 # I+ 'ir rf -{ j;,�,>>'.4y} tf►Ja•.(1�'' i�,- � "��^i�i � . �� 'v i. ,. - �.t � y , I �. � T) :) r ••'! i ! r•:; a � "'', S. 1��i t-, „�i,C��r7.,( rf f ;�i :� �ii„'"�'+ t�ti:��t j�'`Y�"�'r. r �r ! It f7{1,. , ,,, rl �.r n i.,.•u+((,,,�t d is t•� ( .x.', �7 %+r :. f 1, .r r eJ ) i' J f.11/ ! t / � it`; '�,S �f LJ !� '/ 'r'' rf � } f 1 �•)(i, r J�'. �[.• A)u; q 1f� '.,y' �1 i r� y�}!J S� '{ •�•jt, . 11.. i, i.l rl. ',> � z, ' 'rfl•1! i rt J .t `%' 4 t' l' I' , i �L L t �•Mlt`�1".j t', : .:..�� ¢rt.t � F4r'.ra,� � l.t � I it � tt � ! '' ¢':', '4, t ,".. :�t i,_ r ;`� ��:"� r +,Y{ t( i Ki.'��.�^.,.)., �%�}/',•� ri7 T rF ti r,! r'I i/ti !i.. � ,?'I Z t i + i (• ! ! t}r1+ t•: ,:� t j?r1't r.l {{t f Ali .a�fii � }119 �i / '.j ),.:( � 7�tr . �;5 ) i�t IfT ;..�:, r r !.'•., .•7�. , � s';..r�{f> �,�) � �tit� �• Air``y� �' Itil}.tf jii�}.i,. S�. :7 l It ). yµ .1 .i SI 1 rr 1� ,+ � -1 ,� ily ,• , i.. Y6! rT• (� + R, �N i rr�'i`'J6 "� �� "fit t, � rr a`i,ti '� s ^ ,r.Y. Iw '! � it- � �t ' ' . I ' t. • •. r ^, ) , �i' t7}, j` �7!' ` }' , J ' • ;I r tenant lap rovement costs a�i)`;estiaateri at' i10 per: , I s is. con- w iv. Square; oot, this 19Vol; of:;tenan,th iepiavt' t ' ' e 3.who Ni11 49 suffl'clent -,to attract tlie�s�ail is r sl;dered o feet, retail space. attracted. -to the 15,000 squire J / costs fo'lthe 330.srequlred `pa�kine The direct construction'' u'de"s " P ota =. cost '; of the la , space inc t '' v. L ecero rs 7'c00.Per spaco. in;sarFe.�t ,riequiper pe''d ,for .: the h p derage .. plua thi';direct coets�i triodfable to construct n9 , structured; parking• Rjf•• "I"r�at;e�� et i10 /per '.,Sauk ' n f s a �srrtii a �, us't ,t 11 ini th�r v 1 s tt•uc t 0 ites Qicpendit� rep) of o •1 foot Ih. s estl• e. ncl�id the c 51000 squarC,fooi public es' iEtributeble ;to wii One' 6 ff'of'. th• sstiMatoo 'Ifexpendit r the' 'po•dQs"t"rlan `'b►•id9e;'' acrass';Pactf'ic. Coast r r+ ., :constructing te1re'tail coip'1Qz. The• pro 1 t 1 Hi9hNay,;are,,assipned,'to. tli�,. ho ratan ghare of tht ,direct cOnetructian.cost is esti'aeted-at C struction costs .are broke indir`e t :coh nn as fol'loiiss C. Ian c oineerinq', ,.pe)a �s •dfee s ��ezpen i. Architectur �, o`c.ategories. The,.basic A - E dituresare, `'b rod i ,-downbiin.t to,the�,, h0fel -and 'retail are i r u s less ;`,thQ'' 'dire fes hchaeattrbta e, ct esfisatid at Sx _o,f direct hozi• , 1. and;�aquipaen`t'fis$ ALch,are estiiated` ,• , furn"pure, ?flxtuees., it •.8t. ,,,This reflictc.'the increased•design costs requ�0ed f i� for tha interior portlon'of,'the hotel `t �\r ,i `;''r ., .f t { ` .'L.i r ,,'J f j •_• f 'd 'r0,n trh ". ii. Interest '.during construction !s calculate , bass 'of-, `.canstruction fin ancln9 at,12,5X`interest on 100x of' -the developien"'t coz�s i'ncludin9''land a!,:. 1. sitcan:. ,, Tt ;`th'e F"roject;.wobl'd be'un r"r'cohstriact.ton , was assuM4d ' than . forl�l"6''Nonths, fiend ,the, average` E lobn balance.'ioiltstanding tr { ,'es be �bOx Interast� costs ;dur;inQ corix uction 'were ! Nould Flnan6iri9 flees tiaated at s119ht1y,':'orrthan t3. aillaon: at, loan are estlaated at .963,000 ,3x' of the total, 1 Typically, 'J a h^tel; de"velopaent requires an,lnfusion of iii. yp ly, the��later of the• developsent•I process/ LI I , ;andhdurin4g it to o enin9 a tagQ z. S the,Aniti;ah<oPenin9' �eniod cover, pYe p • expenses,.' workfng; capital .rraquire�ents` =and `franchise " feesi' These :�pst's ;are ' deh�neated' in the r, for■ of? an allowance, which for a hotel of tti'is 'slae an�i a�alitr 00 :for "woikin'g • capital, , ed at SS f t ,I lei►el is estiNa rl'i!' rrht �:'i/' )•t;.'7, is ;tt�: i1 ,.;� rra Rl. ',;i �t r( r 1;'', it �t•.:'s (T• r7 llrtr t7'. !,.}••v r •►.��j��',� ail it ,tl'; 1" s•.!.I r t, i ^: (Ctf.� i ri1�.>Jp•J f %r rf:�; r;, �I •' I� , l�1}I.J tr� , ! `i.! t tF? ' 1 Mit } t.r 1 � 1 a% j f E:y •+v -t �t t 7 1 �/ roV. a� n r 1 t 1 St t ♦ ��t �P t t� ft� •Y ,t r i� r r it ?; bra r i t �� Xtf yea}"r ur r '+1t w?t' %�a�}t,.+..:.,I'''i.i.tilyi.r(f�rRS r•�l;�j,f{{:'t'��t�'��:•�It,GajlIj.,t•,i.yY��:.y'lk-,..i.`y�*�.`.l�'f(,f.r�.�r+ {S'l,� „i�,t..1: i71St.:rtr�,.>,��S. •l 1 if3r}'.� +r t �1. K;.f1CI}�}rr, rI.ii.i.f�,,;.':,'t, +4 =f ,.. /a`,•.`i,,,wr' i ,I,'a.:/ r r 1 liiJr+.c ,1r' �.,, ,� v�1 11 ... Srx"fi•!/1: I- ,AfJ.,r,!..,r, 6t,i`f11?'-'.•� ;ttSit�/r 'j'�.�a„ rayi�r`,i r.r f. �.i�{ tkl r +.-. i;��f' ...•!..YY: a�I+SY:•..y ` Itt',� itlr'4 i�r%jj i y',� r rfyINK "f 1 lid/ar....i•�_•�: .",:: 1a'60.'.af •.7 -.� 1 ,.I /.. fit. f7r taf,.4t al. }Ir ��; ,.`.•' Ilt� t?.r`''. f1 ��,��i{t•r:t6� ^I'`'r ��]�'�l ti�� •:�' �ir�,�r ,�i: aI s .�: .. i .�./C 1( :1' " � r}. �'v rf�l��r r3r�-,1;fra {T��i�i�i�1 `�:�t.: /� r}I '1 ��-� ! ! 1 }�.t: I c �•• ..� at;, . ,i:; (' 4ir ,Y �i 1�tr.�J ` fi.I r I 11 1'.�r '}Ir'`.".r f �` } l'. ' .� .. 1 {,�j 'r. r .'.,.. ��IC .., �. rr 'ti -:�. •r':/," ,r .t r si! j ` �f a --MT,. I I %-. —1 & N, $250,000 for Prookining expens and SSu',000 for Fran- t� fees',cc sts : are foU balance. a f 'the —indirect n leg1W a liflosing 5 'tsii, " fa ie's In',iu'r'A'nc e de Ve topmen t manage - mint and a,. c*oin t lJoWanee. These'costs are'es- t'imatej at approxii4telv $2 aillibn:' d. As shown in;,Yable i land'.acqAe s atsifion costs are All directi costs, are,-istimated at 6 _cons tr'uc.t ion S23.7757xi*lliOhI and In'dif"rect casts .are re estimated " a t 'A 19 1110hfor total diyel'Opment costs 0fapproximat6lVS3 .93 ' Million, These total deVelopment costs are then reddce'd by 't9-tax.,increment'rebate during l 1292'1006 . t reflect he,propel , ho e a elo'peent cost S I ' ; " t I/ re't" I I camp ex dev consit'ructiO111 for net of j35'.63 million. A i 3. RvVjnhejj'o�icfUn n t1�'I*PPl'o, p oject revenuesiKeyserRarston qnO'-a t' ,: -In he .arr As'so C i eaof.:, receitlYconstructef 4' a ti', 'id`thjj�Performan69 beachJhoteli In.SoUtWnwCalifarnIa', 85 wel V'as the' exp@6ted.perfor- "l 4re curr ently mance'61 mAj6r;j'iot&Is ,in- proximity to tNelh Ith it ho" uld, under 'cost'.b,,tI n or proposvA fbr,near term construction-, s are. made'without' the b nif It hOWeverthat, these be noted prOectibns of a,detilled market.study...a the basis,,of this ;research, KNAhas .. esti'aated ted for the hotbl/retail COMPlel, Jhi'reveniie stream Se as foliqw*'.-� a. Hotel 'H�j �ates, and oceupancy leVel's will be at e e o foijowingOm' levels dur!ng 'the stabilization per Lod. .80.00 601 2 4,191600 I 651 3 4 $113.00 721; ,� j ab ili z 6't i'on Ah e rcon rates Or. w 14 1 •con t'i n'' i,'to e.sca ii. After s u of late annually at 62 y,will stabilize at 722 . -Occupanc capacity. 'Inflated dollari 16 , IR W n'z I J' K- !S . V .rI P• A11Ji {Ts I0 r, AF ' A, "t;' e1i;r,, 04 to F A. k,: kr N ijs itlf'.4A,- It 4" o, e,: ?..-. rr.i i h taG:' + y •" l.tr 1 rrMI I I,'} :-..1hi rwSlD"3i� �`i',.•r :-'tt wih•;'. s..; r i.' `„i+J{ SY ), ' �cr r� '..�' fhf r 1 _��•i r.�i1 wT'�.A`?A �d16'�g yitilitdllt .r_ rr D ,_I' L. •.[ �. i.,,. M 11•lErt[i..Z.. dX�a�{�ii, a- ` iii. Roomt.:.. ti2z of. gross sales. rood and : �. beverag s p 35z of truss 'sales, and oil 1` „ laneous revenues including telephone represent. tha ;re.ain- �, ing 3 1 of gross sales.' rf. Iv Parking revenues net df expenses, are estlmetee att '='01) per Spica. t w. Departiintal expenses are estimated at 38X"of ;grosssaYes and un'distrlbutec: expenses are estimated at`272"of'�`Obss sales. vi+ Man'aeement incentive fees are estimated at X o`f 9r•oss 10 operating profit. w b. Retail i� .t t� � t . E r r, r y r< 41, ,, renital :rates', are estiiiatedat =2T:Op' per.; square fb'o , ,•. r per month:- :, Its: is assuW— that the-i'S;000 square. feet ':;of Space, "will be.leised for an averagetoftaMeeal'acoros. Ttie absorption 'af..the spice is. xp p ver '::tie firmt, two;yea'rs of operation; with,702 average occupancy for the .fir,st, yearq,, 901 average occupancy fora°, th'e' sec'andE' year, and' full occupancy from the thi'rd''year :forward, •r. for,cany. adcle61lo.'is 5YiiThe allowance n .' At -tail rental rates mscalate at 100Z=of the cpI cbipounded'' every 3 Ve4rs. iv. - Costs assoefa' ed with the,'management of . the `retail` space arei -e•stiiated at S% of q'ress-iffecti've;incone't , Costs'As ' sociiteUwith:reserves for capital 'imp'r'ovQ�erits a''re.:e`s tioated at SAO-per square' foot of building a•re'a: c'. Agency Assistance i s ThQ' Agency, Mill• providt the' dG'Yt open, with' i` reba't� of ; O 1001"Of *.the '_transient ,. occupancy tax y'for r the,?, first it en year's of hotel operaition.' The,,,transien't occupancy r a x [s equal"`to' 6S of Estimated room safes'., ii. The agency 'will, pr'ovid,e the developer, vith 772',of 'the t.ax increaent generated by, the : project during, the. f'irst,,:•ten years' of 'operation. • •The taxabis value of the developmentwas, assuaed - to be• 1OOt of the'devel`opment costs1'includi'ng' A'and acquisition. This'' taxaible value was'."assumEd' ,;tor, in crease `tiy 2% 'annually. ''The tax rate Is assuied to. be - Al , f 17 P. •�t7,'"r]' �J"at`l'.f ��" i'��'T/1i��i :�•`1.t rs+rl s1ti.:rl,t_ , r ; r t ':` M._ti �yt h ': a er + rtstt'--\1 lr�'+ '_ y,;Y.. +.(! ';v/, , � .",� G- .„".,r..r SIVI,�Y �r•a� f,^?l(. ` {F: yFrd�+ '�,('r {ay, ,,,1 Irr`'JA ,,:', / t' t't )ti7�� rff►;Si } ,i;t�?7i;n'tl.. 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G GOO' + TMrAOYi11ENTs 1(i,001 SF D1S.00 I M4,000 RESTAUMRT 40,ON SF =1i10.00 ISf 1,000,000 >; REtAiI 3$,000 SF 80.04 ISM 2,10o,N►QO ;...�? TEiiAN/yT�INP (RETAIN. SrNdP3) 3S,ON SF I0.00 NSF c 7iAa00N,,C90 't r PANINIi ' .` r, ... 150, JIOO SF '.. 12.01 I SF .. �.tYf7, W., r.. , MACK LANDW ING ' ALLONAlICE So, 01!� / IRIIRE ALLOMAM r.�•.� TOTAL�DItiiCT COSTS t�d,123;090 � ' INDIRECT , ARCNiEMC�fERNITS i FEES } S.00I DIRECT COSTS i' :506;060 IwN KSTI, PRIM, CONSTNIUCTION f 1,152;400 FLEtJu1.71Aq?OtlMTiMG 09I11G COSTS �.�SOY DIAfCT COSTS `• ., 51,000 , 'LEASTOG FEES, ' ' 25.00R al 549,000 ' A9YEk1ISI11t;JMOMOTION � ` :<;; :; 2S,N10O ' •� ' _ , T,ION'REMT 1PANA&ENIENTr '2:Od1i.6IRECT'COSTS . 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K...fr- ,(% ,.. f�,i w .l, ,r Q.] � '',a t; rt r J ! i 't ^'•.. ( e!f��`ril��ryr 1r��;rr {JaGfttist�!eA1 ��p. y i) j�. �.,fr ..��H (,l�if!) t Y..{,'� tlr,-S i` 'tFl '' r� '' - d i• y r rr+ , tj'. t �t '1 jtl :lr `.0 i'i 'f ;.Yi"t ,•), „� r�p��t�rrrtKKfffK.'t �! r��.,, r � lyt,., 5�� e r �' ! '�t- � 'r _ r �� -l. ' '� 1 1��i� r r t,4!,Ib�n.J 1 t •"t'•� ' �%•` { '! �';flt� � ✓'�,� ,1 a �,rrr , It1 � •t..1 , 1 r-- y,!s• .. ' .. - . it •.. 4 Reclining --from 1.0551 in the year of construttion to 1,05% •. in the loth year of pro jeet operation. these tax'r,tes. were based on'a'tax increment projection' prepared by''Katz,. Sollis, Caren and Associate$. iii. In the eventr.the developer's Internal Rate ,of.8eturn I IAR) on total investment does not reach 17.0% by,the lath : year of. "operation, the tax increment rebate c0ntiniies�for' the next.-''S, years. ' For the purposes 4f calculating : the, developer's return on total investment;, - the value of' the', „ additional s ye'ars of rebate is discounted Lack to its.; value•in the 10th year of operation. Not 4. conclusion Hotel/Retail torlt1 facing prtset.ts a 10 'year -cash flow proJectsi3p aricpp,age 2. h�otethe f fh / aPlex . on the basis of tr precedipiq , aiysumptions. Additionally, ;.;this tstieate'`'•of cikhr flop assumes t'Aat the hotel/retail ,complex' sold' in ,the' loth 'year oY' operation tar+ ` llth'ye r`. ba53S, of ar. income capit'alize'd at -10t. This'capistali a .the .. tiah rate both` the risk and, innovativeness of;ith' 'ralkt, ,reflects in conjunction,. environmental quality •of the subject size, .with ,',the The estimated -sales `proceeds, are reduced by the' cost � o sake,'{ �ih,cti is estimated at 3x of sales;,proceeds The sales value i� xr'cicasPd = ihotel',`receirratiles �} r sale, of j ich rep''resrnts the, . S►aQO, t100 ., n why ' eorkinQ capital infused into the;,project durlhe the',initial 'statte ^I of operaft"ai. The�'s'ales valve is also increasetl ;by tie value of,�Vie '10th futurit AgOcy : rsbate,•,of ;tAx increMent'reveniies in','the year.. The'resultino gross sales proeeeds in the loth y ar 'are estimated ,:`at .. approximately W.9 t111ion� ,� ,... j .� '1 rSJF As be seer VA. Table 2 , .,'annual net inciaiR '+ rom it P;,hotel/rrtal l ,,.can complex ranges from S2.96 million in .the first •yl ar- of . ooperation to mil lion :•' in, the ;• tenth year of, operation'O'neludina the Agency ;• ,,. rebate of transient occupancy tax 'revenues and •property tax incre -' sent revenues. Based,'upon. the.cas'h flow -presentid' in Table. 2 .'•which makes the `rassuiption 'that•, the 'tax increment continues for:. is years, and total ; develop%eft costs of 05.6.3'iaillian, the proIect generates a 16.9371 TRR on' the total knvestsenf; 1Dn eho'.bas7s of tihe +currerii tassiiepU, regarding ''costs an'� inC'ofe t'o ?66%generaled byr1he. prop065ed'hate1%ret'ai1 'cc,rplex, `incbidYnW the prow sl4h of the Agency rebate 'of 10 years . of+� transient occupancy r tax' revenues and 15 �ytars.of property, tax imc:rement revenues, the ,deve'loper :receives a return on total ` nvest-ien`t' that' is' soaewhat l'aa far a project 'of: this magnitude and i:evel of risk, ihe7efore, on 'the basis of ''the expected- 'develcipmett econom1i s for the' proposvd'' i' .`, hoteY/retail cbaplPx, the . disposi'tion aareeman't betweeh tht�e Agencyr 410 'V 1.1 �. r \ • t r tl: T i 1�• i%- 't'�r S i r ! i.�. ' bit . 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' .: tX ` r i �V �'t��, a tY ,'#i ,.r� r J'j r• ;• ` t� �ti, r f:. ` _. �� + � �p r �•7 � r 1 :1 t � 3 ( c (.. ,� , ° r{�? tf+t.l J Tt h f 1• '`%i , �rf �' a �. r t ! s 1 7 r '-• j`',.� ♦ r �,-�l �:-,' a � .�L ii r lt} r' 1 er= ' � n '[F ill it ;sl ♦ � t ice. 1 f� y �L 1� r,.�� i t t ft ) b X4 0l� .. ,r I�I,,t fH i' 1:., 1.f:: r4'•• t - �rrk:: ^`i�lj«��t.:�,,' �� ';?ry I> �;' , r �''; �� _ :�' r� tt:�',r,ISr, �,, srr'�•��15 �t{ iZ<,�s� 4 � I�1.-i 7 I 4 � ^ Irt 1 r 1 ,} I ,l'.jl i� •1J •� _ �f� 1}. A , � �t � � at r'{. OT *h,t ►•y�: � ��z,Y 4CFl r ,, �tf�t s f r .�(4 ff.ii • fl and the developer does not. represent 4'''gift of public ;.funds to the developer. Further it is Important to note,( that the expected '� 3 developer return at lo.a3X is at the low end of the range of accept. .tbte returns, rlhereforet 'even if the eronou"ics of the project i - ? prove over the current projections, it is possible that this Agency u assistance would still be warranted. ?J TlY,Gjt B. PIER SIDE RETAIL COMPLEX 1. AuengX Assig,l nce tg Otyl oaaeet e y^y q - _�,;• �•�� _� h aired that the developer-: incur.. extrao�din�ary, The A enc , , as - required development costs in. the fora of a contribution to the restoration `,;leach';;Pier',' the constructlon'c of a pede•stri'an . bridge, spanning Pac'lfic•Coast Highway,, and .the'''.,'raplacetaent'± of the FF major:.: lifeguard ,station. that will'be elieinatedias a result,of the 1,. Plata Side Astail devta econoplc 'impact these e illaehave, onrethe hedevelopment economics the traardinary:icosts w proposed DDA indicates that the Agency will rebate the pri rty tax, ancretlent generated by the Pier Side Retail complex The terms''of the rebate are as follows: 91,11 t 1. The Agency Mill rebate 779 of: the property tax increment ven'- �`� *rated by the Pier Side Retail project over the first 10 years. 1 r ,j ', �k� `. Y 0 has - r C 2. In the event that the developer h not a eived` an overall 15.02'.return on investment by the end of the 1Gth year _ of operation, the property talc increment rebate will continue for 4n6ther S yearC. 2. 0_rvelopaant _Calls Table.3 on the facing page presents the estimated development costs for the 75.000 square foot -Pier ;side Retail complex. this analysis ••Y t,`f ;. is on the assutiptio i that the developer ground leases' -the ,,':land ,.,,from "! thee'Agency, with periodic, rental escalations_ The construction costs, are based other beach ' ie'tited specialty centersst collected � from or constructed Ir. � Southern `'Califar'nia { i r!cently. As illustrated in table 3, the het development costs 4a're ' ustiaastee at 117,31 million. The major assumptions used to deter mint this development cost estimate 'are as follows: a, The ground lease payeent'during construction is 3286.000. b. Direct construction costs are as follows: y�{7r i. 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(�.1 + �.�,. rZ � ♦ t ''yaltt t�'�,.� 1�r 4,fltjtt�l. d?i)✓s tt,�,-�rJ } tit ! � !r}at .j j r 7(..} s�lr .fir1 '; '�� It(*�a' .�i �`7�''l�l�' (��.`jlt J ''?l} R i • ,6� , . �„ a 1°':'� J ry 'r a-i✓ r':• J,I ,, 1 :.l ,r. c. .: r' - _ .Y: ,rs,�.:5f •t} i � �! 3:, '�/ `:ri M��'�Qi>lAYiiIY,I�L1is•�_- ,:�.r :..w 1 1 , t., for approxieatel =Z, . , y `� O0. per square fpot It, is �'furth�er assumed ; ttial the . ''par ti on , ; of the Aec k' tha t i s Luseti 'for retail shops will have additional surface treatment at. a , t+' cost of $15 per square+foot. ' ii. shell costs for, ,the,, .40,000 -square feet of restaurant . i' space, ' which Includes all the ,direct costs for construct- r 4 ing,the_extirlor wills, and,the','i'osts_of providing the•io terior for the structure, at $100 per square WO foot of building area. cture, .are estimated iIi The "ihell',costs',for "constructing the 55,000 square fee�tof level of co tl retail space are estimated''at $60 per square , foot. ThI's -- sr1 s_ costs plus an;additional`allowancePto reflect the exterior upgrades required .by, the Agency. Iv. Teiiant lap r': , ., ,, • rovQaelt . costs are PstiiiaYted; at'`$20•,per;;Square r rt,i• foot of,'building'area'. ,-•.This hiyh. do9r.ee of-'..tenant,,I,.. provements. is ''in response ket condl n to ;the :.mar � � 'ti`on"s, • an r the type of tenant : that the project Is, attempting ''to construct and if ProvN"'the��deck�''strufitu'r�e cots requ'lred to t �a , and the shell , shop spice equate to a direct cast of and retail . 'x: �' r. t ' t,; and-,tenan t improvement.costs of the r f nearly t13h per A �� square,foot of gross Wilding area. k i.� * ♦ � �� rtl�,��t.. ,L,. be provldq < ' � 4 are assumed v. The 500 required parking spaces ed to ' d *lot.�'' ti 2- in a 1.,0,000 square fr►it surface. parfcing, lct. `; The direct costs to -,Construct 'this •' at $2 perking lot are es.�mated per square foot. � vi. Off site inprorvements uh ekv' dre note ,'reimbursed b/ .the -• „_4 Agency ,,are .. .. y t ; . given. -an a lloaance of t50,000."' Additi ona lrly; F an allowance of t50;000 is provided.to provide 11indscaping , ,t,tx on.the beach around the perimeter of the Pier Side Retail,' �"',� •`` : complex. ?S ' vii. One.half of the."estimated expenditures attributable � to constr4c,t'tng the;;podestrlan, bridge .acrossr,9ac`ifrC Coast highway are, assigned 'to the :AiQr Side ; Ret'il' tonplez: The . pro rate share of`direcC costs, are estiiateii at s;S;000?` Indirect costs are,deline'a'tid as follows; Architecture, engineering, permits and fees expenditures 1 C 20 xJgt :. � I I yry ,ri'}',',:t''T �J�iJ'H; :r:�ri'' i' tI.;f '��•.��..y«'. :1.'L .iltt�.. ,rrt,l i%t:t'7.:�1'',,}>-��•.fyt rY,1t}C1 fT,'Ai".'!•4i.}rl, �., i'l+r S t N�..r ,'',..+''!�!!) !t +t la :�t:.I«a.r : y s�r ,ra r }tit i,ti "+. `'- , r it., t�fa'tJ ¢"�,.��','�!::"1tr>'+f)�Itftt.t'SjI(tt.;tc il:.•t��, 'tztti• 11 , I t3rA `.r,J!: ✓:�,t ty� L+�.}r '4�lr3'�.i,�.r<f('"��' +,.Xt�-ty)�,,;,':iy,+\y.,, r� -tit�,.'wi rj0 Y` t f „T..t.!J'S!.. ..rt.p:.,7.J'+t`'}•ta''.l .�'•.F d% ui < + r{ t„ ►�,:.rl �!�•Y.{ if';' Eit'�'i Ny;�... 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'r - tiL ■ x ijr 1 ' 7� i to ! fr } y T'_ [[ 4"yl7 f f• ,.�•!STr Jet• 1•t j1'.'; "... �7�Ir }.1., . ..,t. 11. !A a r,. ..5 y7,.• �_(t�i.•tr jr. r j`t / i ?r f . y'✓ fft, l < �r • �� rt a y ,•.. ;; 1 p �yyl!JJ t �� c t•+ I.I.'-,� � "�..wY C `r.i Cr r �-} q�''{ rr ?'•.i, t• titi �'j.�Tyy w ��j4..)(� tq d'.i h,�lS,r 1 , rr, ;.sl �' .•1 I i rJ+: r' „,J+f \ i!� d tt. Yt't=�}� . {x, r1j i, f""3�1ltt ;r' Iu.. .,f,�•r , � ) 3� ''"r � �,! > ! �'L'tp`.t vif ,, ��rr �:., � y �'`"�'q� r r` 1 i'S / ~ s 7 yr t y I.:,, 1 a J'1 +„ t f !T *tjnr xf%1 !, t'I 11,•lr J 7SYlfr� t��!%),ih y rpt • t '[ { L � + -1 a • •._rl t, T}' ) 1•� '' rlT^+ b ' Y ).-Yt r .^•' L� - ,•� i •' � .4 )i �r � j;tr'•+, r � :1k ft+.'�' 1 •1 .34i t, f ,+ '!7 `J I t �) r r' fit' 1 r i`rY i-d { .J; . 16 �.,�•..-j+. it �, f - , t� �>. ) ) •1 l } a. �i1 J �• }r•?:iyyr. rlr+ ')S J7.�p� tr T �:�, I, ,t•,'rl� ::tf.;t�`' ,7S• .� Ir� :!xi f`�S. ,`).t,q '.,lr tl�(�, �a. 7A 4J ii nJ r lr 7 J ta'. ' � .tJ33%.JryrY�r 1 :? ..)y '�� f fl;','Y. '�.(,y; 'f! ft �.• t ),i. r ! 4 ,i,3t. J r .'.ttf T � r • �J ` 1 T +. ` �l y-*••-~ t�.j i'•�,f. t., �.��dj, i �.ij J f, .r+ �. })I'� +,t ..,i�T .:: Jr s. �l it)'1 t• t l rti t Jet �` ••k:,l 4 i.,•} ,�YIi�t r 7 �'7�,�•!�•; P.: 1 Yir/� +'�...' i ��. r.J��f ,f Y; ��, j « r �.)' � rir .Yi �'ti f tt;�.lta r J_ !t: ;f+�i tt t'� �7)i 6.. 'S� 1r t11.1 �F i�.. � l� �•�'�*�. i J.�+. "r�t'I ) .k � . .,1 j[ n L.�j•l ,) f,.i.��t rt / ,(+ _-rr, i ir. '+i � � f �.' .;' I F.lk�� r. +{ �}J r'{`I• .r � ri J r r •�) Farr l3�rx:� f . � � �i•��; Y' ter` '1.. l� �+itr+�',.•.Y}r �,( "t�el )I f .��+1 Y) .I t'•I+-' ,. ,' � r i:,:t-•.ri�t� i�' l II' �. .s r �•, f� 1. •�i`l'� Mays t •(q (!' aJ rJ,,:%. ,f+�, }t`i + ' ,! -: �, r^i� J r .1 1 i ,► nJ..Y 6:•`?:+'�"Z• '•i, rrris/l ��.�.,,.,.l��;t y7yT• .. r(F�,.•,►�i �'. t ' •yt ,! �.�•�:.� �t ':,r�,1 ii t r {{tt Er J ft• _ �a rt , are estimated at 53 of direct costs, ,, on ,• • I t . in teresl' costs during construction are ca lcltlate�i ,i the ,f basis of construction financing at 123% interest on 100% , of ,the toital.,devflopaent costs. It was'.'assumed that'v"the Project would be under construction for a. Period of one ,z J year. however, It, Is necessary to build the deck s'truc- #12rjl'� -� •- ture, before any of . the retail uses -can begin :conatruc,ti`on, ' ✓J ��?'1 �i {ii rv` its: {N '. Therefore, . the interest costs must 'reflect 'th'e . additional holdtn9 costs incurred as'a 'result�of this struc,ture,`-�='<It r r f J J .�_«i r�l�t.;'� � eras assuaed .that , the average', .F.can balance , •outstanding ifs' ; �% 1 :" Eis would be '.651 rather thana •'a'',Aore typical` 50 tv eoX,� ;,to reflect -these additional hold i.;rg` costs. .::The estiaated In terest; ' cost durin co ` r financing fees, at 3 poi,nts•rt;areoastiet ted,tcZbe'U0425000. ' r cif. Adver*ti'sIng and promotion elx'pens es . that will not be covered.-by� ;the retail j'tenants'.a're estimateu at',,S25,000,'. •' �YY 1 t:eas3ig ror�eissionc are esiinateo it 25VoU-1he gross of These :estleate's' are based 6n the a • e-- fecti'va incoae: ysu P r A tion that the retail' leases average a five year term. �.. j,1s Iv. The balance of� the indirect costs :srA r ,f. •' s�Jyi..I I1 costs;aaxet: and insurance during cangtructionnd closing tf J1 t o_ g devel o cent management and'' a cont'in ency,: ellowanr,e. These remaining costs total Approximately 186o aob. ' a^r `: rli1=rl t T.he cost rofbrma contains the fol`lowln ex • , dr . d arr osts: p 1 9 iraa• in ,c The developer share of the pier rest action c • r/ �� t ; oats are 12.5 alll'ion. •h �' r'• fi :.The.estiaated costs to* replace the lifeguard siAtion are 'uy.�>; =1a25 mfllfon. i i Ground ;lease ! r ea direct construct'ionecostsdarcn9es�onst�uction are , r,, SMS' 000, • ,�f � � ,� . ''• , '..,125 . iill•io'n`,`; , 4 �! Indirect construction costs are estiaal-cd at`3,1 518 and extrrlordihary costs .ire estimated at S3.75 million ' : these costs are decreased by the property tax increeent,rethte during construction, the nQt.developsent costs are estimated, f r ? at 117,51 million. r _ iectiM KMA reviewed th'e sales' volumes. rental) rates achieve c�n,"ny: wa _ , waterfront specialty centers 'in a number'.- of� Io�at ions in '�'5oh tie rn + t. 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J l�St(f.t .1t ^r�l tfict; r 3' 1 .i • • i d ••T lLr•�JR.+?1�r , j .rd, ta'i r' : i .�: T}^ r K it I I -i • • r.l� ' 7 r^_ r; _,�i t�t. t sj.; ..1�lrz-,i..Jf•,,v:v1.� J)) - � .;� t. jY, Y i t..- f•r �-�,r, �+. J K '.l { t' 1 I` f}Ir.,•��.'1�� y�ra.yl�11)��{1 �r �1��t�rr r • 1 ;•. rt , .{!j f r. rJ.:)' rtI'-' 1'T� ),�:�:.i 1. ,'rr i� t J1 ,clttr' }Zf�'t�i,; •'s j f'�` .y1 .i7 tl �'=•f.�r '+ }: 'r., 't t I 1 1'i, lrfl., '! ,�. u 4fir..�i r �;i,3# gY�r.-I'( /_rY�1.�'r. `r ;t I'IYlr,rr r: Ir, l,'., •J Sr, `ail ,1r t t/ r j�' '�tR�T'r \ C Ali}. .. V j 4S) V1fir 1' ky WIo-t .7 _illlh '-A_iII 221[AoFL SJr 1!1!111.-1sWk":C, 4Mr4 '-A"7 7' Rrbfec"Vions: U;'ed In 'th"is analysis. Ion the basis of this f le"I d research, . and "the-Jollo41ng assumptions, alp year,cash flow 'projec.-� tfon`4&s prepared. a. Restaurant Income. 1. Aestaurant tenants rental' rates were estimated square i; foot : per year or,;7 25,)% 60j",gross sal'osi w K I c h'o v o' r' Is-,great'es% �. It _w4i ass6med that Upon stabiliration'. the restaurants" would' be gefierating.,aVerage sales volumes •of per square.foot. The A'Yira9'e oci'u'pancy and pot- on'. of sales . 4oluxes of $400 per sqitare foot Is prosentel a" S follows:. UAL U4 upi n 140o Sa es Vo,J,�ees "7 5 X 2 AM- 1002 OX volumes -.are expocted Ad 11. After ter, stablazation,, �.tsalos ln� by t1i 'dor -crease annually e- 71 It". Is." 'explect4d ILL that j, of'Ah"e. space willhave to 6 leased to new".. t I en ant , s by the tenth yeah'. ;ioilia; iii n.9' ;I.,' - expe , pses Os6`ated" a t '2s% of-J'he"'gle�o' Are a ss effective i - 'Income.•y The r r f I f fin'0 costs are. eit I'm a t ia' "a t 4 "pe r square • foot" escalated 6j► n 1002 of 'the CPI compd6ide over. LO'Vears. b. Retail, Shop Income 'Reii sops tenant rental 'rag0 s tjall.' at. $20010 r, square;, ri,,., f 06 1., Plit yl�ir.i, 1, of lof V'- gross- sales ihich 0 1, e, r gross 0 es, 'that U as ,ass'u'aed". upon `4 Sh ps� o woult.-bo,• gRnerat.'In"'g -'s'' isis;' dutn� per S.q U. a r 4, aTes valb e a of bulldiln'O' area. The average"-.occu'pancy- and p 0 6 percent::; .0t volumes of 4265"'jper square foot is 'Oreseh'ied ,VIles rircOn tof "i ed Aim Wmean L 2, loot,. 3 loot .4 1001 After-stabilisationsalbi''YojUeers are e"A Pe'c"t d, to n'crease a n n u akly by,, 1001'-of the CPI. ''d I 22 jN. --, .gtq_X441A1,; NIZ 7. illy "to -fe, H. ;i-MI" A V ! "IMI,�fM, G-�f .t ,wi 'r` A ` + * i ..t r{ i /'. k ` ,y� (, ~l ,,-� llr' , y"'� ✓ �,, •. ,, :.� '� L./f.. +, ,1,.•:'i.7.i.i '^7,�a! J ..7. :'•... ..� ri dill- ... ill``• ✓ •� ir��!� {�' ti!`' tvt i��Ilr'4r/�►'�'t �j�,,�`�' t t i 1 14 t , .~iIl•M 1t 1 fir: JS A � 'r 3 3 1 S t�/ y /( �t�� t`�,� i1 ,� • �•' j��j�"`� �4 1"rt f ! 11*��f13 +RrJ It r! ti .'.�,, j,r4 , i �` I,yt`,�•�1+ frr Ii �� i+' i -5� '• I1;1j . )+Y.� f 1• , �. + L '.} ,t iHys 4t '1:' r. i.� ��''.'�j T 1St r� �'M• �Jl. Si,s SLR a { a l jcrXi t t / S 'lilsZ • tl ` i / 1{i ;� 1+ .�1: ti•• l f r �t 4a."y� ia�' !_. ern iv , + , /'ly �� %ti Ir r y'�s , ,y 1'•r '7 y 3 IL: 7 t Y'1y 1, ti~ t �yy +'f �7tI�K7��_.Yi.!!. .•! ar:..r.. Fet ?�.....�1:� �.l +;��Kr.�i/:L'��i!' its�3i� r. e7.��:'e"_ ':Y'�i ifj.`; ,•. `' i!i• It is :�expec'ed that. it/' ` " , .► of .. thy+ sQace Ali 1 i' have. to be+ ' .1 eai4d to new tenants by, the th'ir d, the , f,i f tit,, ana the tenth yea of aperat ion. the releasing expense :'Ist es ; tla�a tedatr252 of grosseffective Income.-;, ; . Thee refitting costs are estimated at $4 per �4qual a -foot escalated`by 1401 of the CPI. - . . C. Expensr Management Ex �`penses are, estiMated,at;bY of 9i oss aiOfecit3tv,e p P h ReserVes for,ca capital ex Qnse t1 pro income., vide,, Nit an allowance of •it.10 per square foot, of buildlfig ai ea,... • ii. Advsrtising jirtd proiotlon, that if$ not {pas��+� f r o ' the t 1'ty t .t L' tenants :s eftlaatRUst'i23,000'.P r Cyear el1y c casts a4'e. Y assumed to Increase, at 1nOx of th , Th i • :, {1 �! lit. S I;;,t ' tt` plc :�: r{,}� i';-" ' y �1 ,1,.� � �cr,.•,:,� y::� , 1'•s ,a •, i !. Th4 .deVloper ,AUst pay the cl'ty t100,000 per year�; ..t` in ��the7`)'eplacr�enC,fgF �00:hiach':'peitit,n9 p whit' h r .. s aces 1 be 'el ieinated•-by�.th its d•evel'o r�ri t. �` "roped •� 7; : 4I t •_,has ais.. tllet .tha , 4a jorfty 0f; they usage "of th'e SOO parkln9,,'space's' '.proVided;'as a Part:oUlt'llf,",' vel'opment•Moiild., I+e ` gsgeraited -the eantee who Got�Yd' be provided: wi the free valldaited. par.l<' Mg: However, It N6s also a suaed mat the t' trinstlnt ,. parkingi:, reviol, generaby bith- oars, wil1�; ins to pay• b:,t�reaiva to• --pack in 'cl ose "pruxi,at ty' to, Ah�,� beach sill cover this' >it00, OUO payAleilt. Iv. The deb '1' er must.' a t -r,; ? P y' �• he city ; A tr'6in� grease for ' the use: w aF: the land. The terAs of. the: groun&lease"ire a follows/ Psrfod M1A1auM.Gr 1 ound,Lya.se, ..� Oons traction • rrs 1-3 $286'sd0b Yrs • ` 4-6 Ere, ter of r 11i „ W0,000 'or 12z r+ ,` t4 per;7sq. ft. 6AA After Year A Aini'mus lease In'ereesa -annual l`y by 75x CPI 1 d. A9e6cy As§istance 23 ' I , n J;•.`•tlyl� 4 �r�rt '! re its--r�Pt.p`}ta ,t � , r -.• ! e - !': 1" liY _,. r { , l{ r i,t, 4f Tfn_i�.♦t 1/ f .i J^'}}•;r T � r/1 Sy�,t rrt }r J., t+, �17''<tVS . �t �•�/,irG . r �- r i � ♦�� , `iKf {'f Y {+ (f � 1!„l. t1 -t; )I Yr '111 ,J i/,r•,r t �• { t,x,•`I ?�.i. �! � �l �•� aft `tYr t'. 4'�,+Ij r. � t �; t4V ,# r ,, {frrts 1i t. , i jam`., r 1 i { ir�f +711- 0.♦,1'��'� T�'tr �/ � { -, 't 3.•r! Ssr Yi} tit � t' ; �� s 77 L/} � � �' .'R :v}'` iJ f , iZ 1, ilyl '�+r< } t a2,� ,'L'�, r ljJl ',f�17 1 � � +. 1 1� J•i Y �' 4 i � yi f r�,,�� t t, T rtt li�. � ( 7"� 't"✓ '1 •.tr�/ r:>'1 ,'��j�V,V{f�f K t l''f }1 ! J., f r o. '1 M`ti}. �f ,��ytF It ( • Jiro! W ��i�r �1� t�, ��i ,r +if ;,�• tj '!i �t 1�.f� irf {r f t 1 A >t ! t '1,r+ r �., � �`� rti �f l ?rl�tJ +/ 7 t t + r k f ` '►� iJk'f (e ,, 1 TS f } L Y� � � } ,fiq Mr-!.�; M�i• ll '�/ �r 1{t t� r/,�, C` f, i r ` tt tr t "��I.•,: t 1 ! r t t ��f i' f a i,, ir'! � � 1 � t t f `'!^. r ,'�.. i+ '�• A �.�ljh 3 ,l � �t';a t�il'. ./� t1,C 7 r.'. r t{" /'.,'t 7�`4 1 rLL � 1 ,i'. ^'` �.Ott1 + / !' 1) � i 1 'r � r' ',i+ t `<,! r%�• "'}' a ` •.i �'�.Y rat. ,0111 Ir IV, '1 N., t ?�j 1 �4.VV On, Ar, If IV yi j -AIM owl IVIOLm 321UN IS* 3"al MU a UOAIGI UA. its 1111111 WNW 114 U 19V 3111 is ilm tm • tu"Its is nw.x I I . , 9 would . 1,;1 1 `:4 101gi Su'll, live *ANN wk C14 . N kix join a" also 1. VIM Wul jueKel '' — U&II $a, 1%, 1 IWO lNltlkl VI" fill to -in Utl 111011011111. 10dm Owul lull WWII in IN W INWM N lriSlli all -11"1116 441 twat tit' 911 It WA goal Atit" wit 144' it EWS "CIA Pill, IM61 UL'tt (All "I's wit 414-01 SAM low $Rivals Idiom LOW 06 due, I -A $tit 1"1111 916,111 MG pig 1011W9 wit in's lot .11, livim 9KINI M,111 Saint 40*111 19,111 1 14,011 :04,1111 al It2l, I 1A Itiall t44111111 tx wl *31 It im I wu C Mil alI vim, "mum on MINI IM I Slot vl, 7T,r�,2rVyv,f-, 7 I."♦.4f Yid "I zj� :3. v ry NJ 'PY MI" I 5o f tk 4,7 I P MF Sj- -1111, j Y. t r r1l 4, oW r f ., t • ' ,.. . t . f �:. ... ,will Onyide,'I.the,devel_per.,with a.rebate of 771 I. The..Agency; of ,th• tax : Increaent-generated by :the project:Aul:ing- the , first 10 years��,of ope'retion. The A &,able'.'valUe.:faf `the detiel'opeent was as:uaed to "belodi of the'Neviko-i ent :Costs, pli s",the value.of"the .Po�sNssory, inte'iest- In� 6e, '?he land 'under,,:: the pfer',and the retail;. deck strlictUret total veluPaf the possessory Interest was estlaated, of .. ,i7:5 millli Thy taxable value of the development was as- . sueed to*increase by 21 annually. The,-Jax rate ranges from 1.0551 to 1.052 in the tenth year of project operation. ii. if the`develo •., t per's 'return on total,,,: investment h`as .not, • ; , . w; reached, 15.01 In th'e „tenth' yea'r'-of operatIon►7 the tax incromeht rebate continue `'for, Jhe neii'fiVe..' years. For tche ,0urPos'et `of'cal•culatine`the dev'elopei's ret`Jr.n on' 'to tallJhVestment,`r the value of the iddit.ional 5 years'•,nf, tax:,, increaset rebate'is di-icountea•. backs to its valuethe .. ,in tenth year of opeVatior)- 4. Cash Flow Projection On the 'basis` of -'the as"su+i Lions oulline'd above' a 1d ea c s aw' � tr y - has been': prepared, Indl'is"prasente'd''In Tablp 1hi's,prl jected cash' flo�i' assubas°'that` th4' Pli�r' Sidte Aetai l pro',iect is said 'in : the'k tenth . year, of op.r,atLvn on the-b4:ls of., tleventh year inc6te,capitallttd ; at" 9.5%.- This ca'pitalI'ZiR6n rAe.,factors in 'strength, of, t_ -the ;�res- taW'rant ana retail space' with ;an .oceanfront locationW.',,oAd itionally i the sales value tbf ` thR. prof:ct' is' increased bV _the •Vallee off the r,' fu tuie property-. tax ,Ancreeent 'rebateIn tho tenth year, (oe•',"a 'gross sales value of approximately =28.5'million,, J Table 4',indicates, that. the, net'incoee before debt service includfli9 ranges, the Agency'' assistancet froi !1 �►,ei11161A in the ,first ysar:' of, r operation to`t2-) million in the tenth year:-., ;, This can be ex Ai'ned . -. _, `' e • fact ;that the retail shop spacE-t`ypvol�cally T:equ,il-es , l'arg�le: by, .shthiiiears f' .t the ':,�ofurf effects flatl�on onathetsalesavolumes', after statbi�lIi4 i'o'nd it ion. , do , h the basis of 'the cash :flow ro acted' in table �' assuei'n9 ,,, p j '• the tax f • I increment.r'trebate continues for, 15 years,...: and; that tatah`develtcp�c•,it costs equal $17.51 million', the project generates a '15.'O1 IRR'on to- tal :h'vestaant. On, ;1 the:,, basis'of the current hssuaPti'ons 'r'egardsn9 pi oje'rt costs' and ' revenue's,• ' including 4n, Agency rebate. at 15 :years of ,, pr'opei'tw tax increpent, UNE- : developer; receives ,u retti'rn 'on tota'1' i'n've'stsenL th'a+ is ti�ithih the- rarrge of acceptab .e :returns ri 'this'type of, - PV jec t; Mo�ever, it is our understeinfiin9 rthat't'he de+relo'per;�aay. boild ,the 24 d' /•7� 1l.. �.`, ar � �, -, t.i [ tcCtl.�l i•t`t t�F tit ft2 '�at itF�j� 11 '�a lt� +/ -«a7 1� tt7. {�•I r� VIM- i_q gyp ..�/; jr yjl� ,,r . .lfi s, •'•: S f 1 t t7 fl) � Y r , T ! tt ,: j _1-�,.: � _ I ,t � �t�}v ,`��,�'I�,} 1 �)d9 �}�l �'��`' ! ', ".��r/ ' �.'7;a?•tf�!rr 1't %(4 rt►,,,�.r?`w1.�i•�t1y'•f,, 'r! ;yn�x;�r• %K/` � ?�t.�lit!ylrt 1, i)(r Tt�t. .o��1 ��',��(Lf' C�((�ir) +!f ��)1fti+,�^/T�j;�}t,n, �•,,1�r'�•''!� r7 1+, tr�r1'. ! r � !{•.dt1 i.r), rfi�',.'i tt,l � t>iiVt��t1 + I �rli' .�,ilf1' Y�ttt r1 <� .� 1 fir`i, t' I, _; � 1��tItt�Ch •ti1a,'�r;2 lUI `,t-• ff,Tr •!rJ/ j'F'�+-;t ' It7t�ril'��ttftr1`,{µ:r'', tt�tilt ��.lS'+.aZ�t :��t'.e r _r�"�'��t ` t, =s.( t ,•}�f: '�'. .ti� r+� �i5 71 I1 rtititit`f ts;1or . ?.f1 �;L'.-�3f`dLtfih`rw�ti tli1 (,;.!JJlk'.�''.,1.{Ai7fr4l�tl9 ' ,a � �vT•Z��r�*iJ�#x.}*�1a•,�x,7jj�!tH'�Ftit)�'`i,j)1f7-°1'��`o�i`)f'r rVSr 1 f,t�•S1ft.4'1TY�j�ft`��,t .,�!�y� �4 •y ;rY1. , Fftrt / ffr •�,j! ? t ,:} k'�?< r i'?!. a'a T l t'r 4:4+t`tt 1i X - V ?,., 1 ,rt j Y t rlt ` :h� ;.� ,..f,t'.7.,fv r.:J''!! '1�1)r )k7:;'{iA ) �k{Z•,., ,f-. , •..�. �y^.. � t l J t r .-fd •. ,;, x, r • t , .. � .1: M : , t s'.t F• "• ' ', ,r``f.l 3'4•t.f itM 1} J_�r r't-:r tY r t �_..{ " ' L. }� n.[ ` �"Y', 5'A'i 1J'r•Y ! a".1 r.4 `#! t � t + �'� r r., �S y� , � ;, . �,s '�I xh �y r� t �j,u�' i `'3> 1•{.,a f+! r T % 'i + a tr"' ',L .Ff .L �.. t ,� i :�t t%T". `�)t~1 t- J^' J'-. Z��,tr t+'+{"�t1'rte' •j t. t� 3tr" t i '�:� J,w•f 11 Fi <��' �' S� t,� , +; i �r r +��Y..'�1 e q$ ► it µ ; ��+ r �� i wti 7 9, �-br 1, ` � Y ,}. 1. r �j :,ii r ,�, � 1 //.•' •i3 vP , �ti r+j,1.i'v t,'.a,'., `r s/r t tR Ir S1"� 1-; i�'j ,r•;, + -r+,�r �•", ,�,. �ti ' .,� a- t•' i� '' i )j Y.r4+ Zi •F..L+�,,�Y',w` r ,,,•� 415 .,J'.a{",ti �i:rl�rrFf4•!+}i!=tt �i.' .Su9+�:fia/Fe:r 1.4+4 projk 'to a leger stale 1`than eeiliaired by, the •�L pasitiott w �. . i. • ftset`;of re' 4 ' .. �a .,` Un the iiasls� of consti6' H04' 56 600 :squal•e' t ' ., i�et' of shr�p. spice. an3�tass . �t �►eentns :7 . , .,.. ,. jenq th'e`'' propertl►+ Land 1incOrreent��is rebated far 15.,yea1.5 the` Pt o - ct yIeldi.and IRR on l`otal Investment, '15 �%- L.,rhis levei 'of return =� is 'also within range' of atteptable rc ►,Otis for this type: of ' project but does'not'.ezc.eed the, daxiaLm Its Ve1 : >3et .'forth )in ',fthis flow repart.. (A' ',iete.lea pr'o foraa of costs and revenues are •presented In Appendix A). ; The above'.fin►Jin9s inditats thit in the eventthe ,developar* bu�lds I' to, 'stahoar,ds required',in'-:'the ODA or. to the hi�th r` ledel :the .'AInimum' cLreintly••bein9 proposed, the •;; pr6 ect' u1,11 re�quir,e ..15 Years ,,of ' .� rebatia' of taz 'incYea2nt.'revenues':= In the event 'that the,prdigct� is .; buipropertyVel hlohei!'than `100'i000:s,r,Uare, feet,,:, it.ls `likely :;t.hat built_to,a 1Q t: !tax rebate would' net have to be? rovided for as' 1on,q of tr , a -pe`ribd. ,7. C) I: v. i 25 , • r�'i�°� '��Y,j�fl FL X]� .,I,yXt �,+J�• 1 (Y !.,` jV�j fl � t� "fiA � 1 t' � /3 si JtJI�� /�. + •1jt-}jt�� ,I Ji a J ; '� �.1 (��u�;'4 't.'1 al �tl" t- r F T r T..1 ` sY ' ),L t J 1 1j . `ty� ti� t`( vi I,V .yslj�•�'£ t' ��1, '►� ! • 1 ;..� •jL ... �¢�+TT 1,! 14 1 �1 4}�r+i 4 i} �.! a , � Ivy , ��! �rR 7�13� �v�,t' ��fr.xt `1�7 +' •. f(t}� t�,3� r!, T , �fj t� S Y Jet 1 t+( �1,4l�f.t r r ., ilk � s•.:-rtJtl � � :• A " , . 1 7 [�j� _ l 1'� t , �'�f• �t Jj'rt ; l 4 s1 :7 s^ 7 •„4t_,� j 's(1 , a�.Y ir. t ' •, ' �-- j"T yt •''yf ? • kp� ('t tF` r )'y i ,_I��L r-f1 r� f 7 ti1 i t7� _ ;% •t� ri!'�`1 t �'1 �„ 1 � '•� t ,�, c. C4+s , , r}i11 +py,. > �T, ; � / ,� t r} irll . 147th; I4. ) 11. `� it r..S' ,) 1� , i ' ,.� •. t, r` ♦ •, �I'1� t sx ; A+ • t_ .-� • �t <', , ., 1ta J t - �l - j..:' L c I �ry� �L ['t°'Nrt�y+�. l7 f r S„ C tjY ti {i 5 r C Cl x},XS t f w A. r i Y t' r" a -rr >•7. ll k✓ ` ��.�w � � ', �,Y� Tr y q r 7 y ✓ 7 ti ti.�yt�' fl °} � ).£�{rt \t; �7 �� 7 ,�� i1%� �jf�,�e ' 7r�, .��7, � \IY -,' t } � ��'� 1.7'L Lip r. / •, � •+t (. k 'Ji , }r ♦ . 1: ,.11,4`Y+1 WJl'-T, �t j�� +cti..l�tj•}:., t' 1 `.f j tRt3cdh Iit:n .,,,w+1 4SG'11" i ��t'Tti rl� r r r •� �+ 1, 1 k ", f 3..1� ••'j)j�, 1 � it' at • 7:,t , �lj,� i ♦ + •r � � .'- 4 rf.� ttiT..'t J, 7 �I {r tri�.„ w 'c Y + ".. }=1�9 1'1 y 1 -t t '�;f t``"Y4, .�"T`i{C` � +� +,�I,1• ti 7 L� `, s�//:.±H, •S` " °`A s. ,_, { T�'e. precedih re art' snag xed -the . aro+f ' w •1. ' l norwics of the proposed ''Waln►it-Hain hotel/refailr c'aeplex, and „the :pier'lidelvtill. complex l+'tthin-thee' context :of thi'extra'ordinary: res-trictions placod,on the O`lity,and •scope: ;of de4vlop U*nt required;i z bv- the Nuntin4ton Beath Aedevelopeenf. Agen4y. This analvag also 'consider9t8 the isputs of the assistance proVided Ov the,Agency, ` In the fore- of a ;rebate of 771 of the property tax increme4it for,up to`15 years, and,1009 of the trensiont occupancy tax frog the hotel for a period t';J '10 years, ed on the,' 'terms contained _ in the proposed Disposition andlevelopmeht�-! AgrpeNent, 014 development restrictions included in Section; 1 ofi analvsIs, and;;, the _ oxpected performance of iaW.08,, the projects, : it' is our , " . _en opinlor�t�hb�t`�the`tores.contained in the DD1 Ire fair and reesortabie,,oiv they, risk of, the proposed �pro;e:t, including the Add stionaY;Agency.'re'qui'r1 Aents and 44ihty standards, Rowever,, it should be noted : th+t� in the *vent ;' thie,scope ",.0 dcvelopeent or' th 'restrictions--iepos,ed by,'the 'Agencv •ato -s191ilficant4'chpnoed, or if construction on both'prnlects is not Uhdtriay, Mlthintoolve` Ninths of the sen'thq of the BOA, the findinps'of this "onalOis are zvOtit tti re'evaluation, 26, t� ;f r; , _ 1' ... f: '`` {t '�:� r{ l/ j t xi , •, J 'I1 `t•`t��t ,r xt 1� '�:�• Nt, !< 'C �'�7 l '� % � f�,. }�.,e`,�t,7y',�; 7�1�.�I {l��yrbl, :fwJ}t,t ' 4<f•�'3 7 �v' Mkt` ,la �� `',,,.'�{ r" J•A � �l. 1 ! .,� '7 _ J!"'r{��,' ti•r�• j'�l,"k'•��{N;�{�`S�'j.kt-,,y J !, �j t �, '�J{ .y.s �rr�i �ti.;:l�vtrlS{�ij +`�t �", 5��:`-,�1 ��c!f•.;��'1^` ' ' ��. :.L / rJ i � 'J.Y`CY yl , �� t y.�C: { '7' � '¢ r •"�1,M l ., ) l t �r,}',Jr ,'•;� 1 „rr. ! �. ry ��4'i f ` �i, •�t'l 1l{�.n �.3"1 t ��1- .,irX-1 ,u ;i,l�`. ,-:a1 %i(f ,. tii y' > x.°l1r`:3 'e ft ' ��1 ;i�'.�1,'�.y ";•� ;1+ '"1 !' :t. i' ! , "C Wi r,Y1"i r,,.t�, d.t.; .�I�r`j..'/�1 :`t�tY: T.i• �:.:,,.�4iT�=1t, 1``�11 +^y.l.,Jl7 • i'1jv':,"-:fit/ '.I�i)yk1ijFi} �,r'M 4 A1, (�J y l k „t � 'ni. �.•y(, { r�l i� �6, �.,1 ��;_1/1• ..#P.��t �4te:SX� �l; �r��ii.,>i,tl: 1'J��1'.C, '+t its t .`ta�,��.i•`•,�.• l7. 1'�r_tjrjcl r�.�� k� X,rf! � 1 ;•� 1 ':lyit; l• ilr r< �•',• .-! . :1� � �.t t' :' � t� .itil � r. •,�"}i.tpp '.- r,r r �I'1 y�'.�;. ,J'{`�� 'si t�l � ,,1 _ � �'� i, l`.�i,f� ,,.n�C tr'{l• ;b pi,>r,,�,y�4;,�jr", �:. } h rt ( r ••/,LAu f. 1' ��{, s��y ,:�1�� ;�Ll.t�� °.�f°�`r� .r"y ' }�� r fys �-��'.''� ti ' ( a,�rti�}•�l.r�at•,}-•Ytt:. `1 ` �'": `�i.'��,�i1y,� 7 %�� t �";+', '}� �i . fss�••9c:+� .:4 '� ��1 4y :L �.�j {ti.. �k {��iif arji �; i.t t tY;� �L7 .:'.7 1 ` # 1� r t 1. ,�. 1 '�J,. 3L)t,:� �-�r,,J .'y►�.t }„r,. �I�t � . rY�'aTs.:�I��, t.,��`^{''`,:Jl,:. ` w-'�' :t t1; . y;•r�ft,YP, ..' /�� ;4`�.�, I,�,�:�r;ir�. •ti �5��; `%T.:!if,,1 i ,•�',Icr �`��x(�^kk��.,;t. yA y/� +/3�'1,t`(+{* �? 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