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HomeMy WebLinkAboutA8974 - JARO CHLADEK AND FRANCES CHLADEKRECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: CITY OF PALM SPRINGS HOUSING SUCCESSOR AGENCY 3200 East Tahquitz Canyon Way Palm Springs, California 92262 Attn: CITY CLERK raga —oral -wq-e 2021-0669540 11/10/2021 11:42 AM Fee: $ 0.00 Page 1 of 21 Recorded in Official Records County of Riverside Peter Aldana Assessor -County Clerk -Recorder 41 ": 111 1 .171-111 ""111hl"IKOXF1 vqsr� - ! RN I I I SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE WHEREAS the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, California, a public body, corporate and politic ("Redevelopment Agency"), is the named Beneficiary under that certain Deed of Trust dated November 6, 2001 with JARO CHLADEK AND FRANCES CHLADEK, HUSBAND AND WIFE AS JOINT TENANTS, herein called Trustor, and FIDELITY NATIONAL TITLE INSURANCE COMPANY, as Trustee, with such Deed of Trust being recorded on November 30, 2001, as Instrument No. 2001-590471 in the Official Records, County of Riverside, California, and pertaining to that real property in the City of Palm Springs, State of California, described as follows: See EXHIBIT A attached hereto and incorporated herein WHEREAS, on January 4, 2012, the City of Palm Springs, a California charter city, approved action to and did retain the housing assets and functions previously performed by the Redevelopment Agency and became the successor agency ("Housing Successor Agency") by assuming all rights, powers, assets, liabilities, duties, and obligations associated with the housing activities of the Redevelopment Agency, as provided for in California Health and Safety Code §34173 and §34176; WHEREAS, the City of Palm Springs, now acting solely in its capacity as the Housing Successor Agency, is the Beneficiary under the Deed of Trust and the Holder of that certain Promissory Note of the same date, November 6, 2001 secured by the Deed of Trust, with Trustor, JARO CHLADEK AND FRANCES CHLADEK, as Maker; WHEREAS, the Note secured by the Deed of Trust, together with all other indebtedness secured by the Deed of Trust, has been fully paid and satisfied; WHEREAS, the undersigned, the City of Palm Springs as Beneficiary under the Deed of Trust and acting solely as the Housing Successor Agency, hereby appoints and substitutes itself as Trustee in lieu of the original Trustee therein; WHEREAS, the undersigned, the City of Palm Springs as successor Trustee, in accordance with the provisions of the Deed of Trust HEREBY RECONVEYS, WITHOUT WARRANTY, TO THE PERSON OR PERSONS LEGALLY ENTITLED THERETO, all the estate, title and interest now held by it under the Deed of Trust; and 1209632.1 IN WITNESS WHEREOF, the City of Palm Springs, acting solely in its capacity as Housing Successor Agency has caused this instrument to be executed. Dated 1 h aj Approved as to form: Cit Attor ey 1EST: nthony J. 16"�- ity Clerk CITY OF PALM SPRINGS, a California charter city Acting as the Housing Successor Agency By: A $9� Justin Won, on, City 16fanager 1209632.1 EXHIBIT "A" 3760 CAMINO SAN SIMEON LOT 39, OF VISTA DEL CIELO AS PER MAP ON FILE IN BOOK 20, PAGE 86 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER, OF SAID COUNTY. 1209632.1 CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY NEIGHBORHOOD REVITALIZATION PROGRAM This Agreement is to obtain a Loan under the provision of the Palm Springs Community Redevelopment Agency's ("Agency") Neighborhood Revitalization Program. Under the Program, the Agency makes available Grants and Loans to very low, low and moderate income households for property improvements. The Community Redevelopment Law ("CRL") authorizes the Agency to use housing fund monies to increase, improve, and preserve housing available to very low, low and moderate - income persons. You will be required to show proof of income and the number of persons in the household to qualify for the Loan. The Program is specifically provided for those property owners who occupy their homes now and intend to occupy their homes for no less than ten (10) years. We, Jaro and Frances Chladek, are the owners of a single-family dwelling unit located at 3760 Camino San Simeon, Palm Springs, CA 92264 ("Property"). 2. We hereby apply for a Loan in the approximate amount of $25,000.00 to provide financial assistance to make interior and exterior improvements to the Property as described on the Agency's Work Write -Up Form. 3. We hereby authorize the Agency, or its designee, to verify ownership of the Property, and obtain a credit report only for the purpose of confirming that there are no defaults recorded on the Property that will affect our ownership of the Property. 4. We certify (or declare) under penalty of perjury under the laws of the State of California that the family household income at the time we applied did not exceed $42,254.00. 5. There are two persons living within our household. 6. We intend to occupy our home for the next ten (10) years. We understand that if we sell the Property within the ten-year term, the remaining declining balance of the Loan shall become due and payable immediately with interest at the rate of 5%. If we sell the Property at any time within the ten-year term to another income qualified home buyer subject to Agency's approval, then that buyer may assume the remaining balance of the Loan for a new combined term of fifteen (15) years (the sum of our term and the qualified buyer's term will commence upon such sale). 7. We shall indemnify and hold harmless the City of Palm Springs ("City") and the Agency, the City Council, the Agency Board of Directors, its officers, agents, employees and independent contractors free and harmless from any liability whatsoever based and asserted upon any act or omission of the City and Agency for property damage, bodily injury, or death or any other element of damage of any kind or nature, relating to or in any way connected with our participation in the Program. Page 1 of 2 IMPORTANT. APPLICANT READ BEFORE SIGNING. ► We certify that the above statements are true and accurate to the best of our belief. This application shall remain the property of the Agency. We understand that a condition of receiving the Loan is to agree to keep our property clear of weeds, trash, rubbish and debris, and if we fail to keep the property clean, the Agency may clean our property at our expense. We understand that if we do not pay the cost of clean up within 30 days, a lien shall be recorded against our property for the cost of clean up and administrative costs, and the Agency may collect, in full, the rernaining balance of the Loan as set forth in Paragraph 6. We understand that we must provide the Agency with proof of homeowners insurance to receive funds pursuant to the Agreement. Such insurance shall be kept in effect during the term of this Agreement and shall not be cancelable without thirty (30) days' prior written notice of the proposed cancellation to the Agency, as Holder of Certificate. We understand that the selection of a dealer or contractor and the acceptance of the material used and the work performed is our responsibility, and the Agency is not a party to our agreement with the dealer or contractor and does not guarantee the quality of workmanship of the property improvements. ► We understand that the Loan is in the approximate amount of $25,000.00 and the Agency does not warrant that it will pay all costs of improvements. Date: 1 q 01 Gty d Palm Springs Redevelopment Agency Neighborhood Rehliraton Program Property Owner Signature: — 1&,V N" Jak Chladek A ,n�v t-Aj dw—cd �T Frances Chladek Page 2 of 2 COMMUNITY REDEVPMENT AGENCY OF THE CITY 9 PALM SPRINGS TRUTH IN LENDING DISCLOSURE DEFERRED LOAN CITY OF PAIL! SPRINGS DATE: 11/ 6/2001 3200 TABQUITZ CANYON WAY PALM SPRINGS, CA 92262 LOAN AMOUNT $ 25,000.00 LOAN# NAME OF BORROWER(S) TARO CHL&DEK AND FRCS CHUpM ADDRESS:3760 CAMINO SAN SIMEON PALM SPRINGS, CA 92264 ANNUAL FINANCE AMOUNT TOTAL OF PERCENTAGE CHARGE FINANCED PAYMENTS RATE of your credit The dollara.aunt The amount of credit The amount you will have The the credit will cost provided to you or on paid after you have rude as a yearly rate. you, your behalf. all payments as scheduled. 5.000% $ $ The total amount of principal and accrued interest will be due and payable in full when your legal interest, or any part of your interest in the property is sold, transferred or conveyed, whether voluntarily or involuntarily. You may make one payment per calendar year, if you choose, to reduce the amount of your loan. Any payment made shall be applied to reduce interest owed, and then to principal amount of the loan. THIS LOAN WILL NOT BE EXTENDED BEYOND THE DUE DATE AND THERE IS NO ASSURANCE THAT FINANCING WILL BE AVAILABLE FROM ANY SOURCE AT THAT TIME. OWNER OCCUPANCY: THIS LOAN REQUIRES THAT YOU REMAIN THE OWNER OCCUPANT OF THE PROPERTY SECURING THE LOAN. PREPAYMENT: IF YOU PAY OFF EARLY, YOU WILL NOT HAVE TO PAY A PENALTY. SECURITY: YOU ARE GIVING A SECURITY INTEREST IN REAL PROPERTY LOCATED AT: 3760 CAMINO SAN SIMEON, PALM SPRINGS, CA 92264 INSURANCE: YOU MAY OBTAIN PROPERTY INSURANCE FROM ANYONE THAT IS ACCEPTABLE TO THE STATE. ASSUMPTION: YOUR LOAN 1S NOT ASSUMABLE, IN WHOLE OR IN PART, BY ANYONE ACQUIRING AN INTEREST IN THE PROPERTY, EXCEPT THAT YOUR SPOUSE MAY ASSUME THE LOAN IF HE OR SHE ACQUIRES AN INTEREST, OR A FURTHER INTEREST, IN THE PROPERTY AS A RESULT OF THE DEATH OR THE DISSOLUTION OF YOUR MARRIAGE. See your contract documents for any additional informauo. about ...payment, default, any required repayment in full before the scheduled date, and Repayment penalties. E- MEANS AN ESTIMATE I (WE) HEREBY ACKNOWLEDGE RECEIVING AND READING A COPY OF THIS DISCLOSURE. 44 4-ki DI 1 01-01 DATE PRANCES CEM Al2K DATE RErORDING REQUESTED BY: j.. Escrow No. Title Order No. 1017340 When Recorded Mail Document To: CITY OF PALM SPRINGS COblK=TY REDEVELOPBEW AGENCY 3200 TABQUITZ CANYCLq WAY PALM SPR3NGS, CA 92262 f APN: b(i 3qb 680-061-009-8 SPACE ABOVE THIS I DOC N 2001—Wee471 12/30/2091 08:00A Fee:17.00 Page 1 of 2 Recorded .in. Official Records County of Riverside Gary L. Orso Assessor, County Clerk & Recorder M v l { I I I M; M $ U PAGE SIZE I DA PCOR NOCOR SVIF MISC. A I R I L COPY LONG TREF.. I NCMG EXAM SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS THIS DEED OF TRUST. made November 6, 2001 between JARO CHLADEK AND FRANCES CHLADEK, HUSBAND AND WIFE AS JOINT TENANTS herein called TRUSTOR, whose address is 3760 CAMINO SAN S IMEON PALM SPRINGS, CALIFORNIA 92264 and FIDELITY NATIONAL TITLE INSURANCE COMPANY herein called TRUSTEE, and CITY OF PALM SPRINGS herein called BENEFICIARY. WITNESSETH: That Trustor IRREVOCABLE GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE INTRUST, WITH POWER OF SALE, that property in RIVERSIDE County, California, described as: LOT 39 OF VISTA DEL CIELO AS PER MAP ON FILE IN BOOK 20, PAGE 86 OF MAPS, RECORDS OF SAID COUNTY. FOELITY NATIONALTMLE INSURANCE COMPANY HAS RECORDED THIS INSTRUMENT BY REQUEST AS AN ACCOMMODIATION ONLY AND HAS NOT EXAMINED IT FOR REGULARITY AND SUFFICIENCY OR AS TO ITS EFFECT UPON THE TITLE TO ANY REAL PROPERTY THAT MAY BE DESCRIBED THEREIN. TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated herein by reference to collect and apply such rents, issues and profits. For the Purpose of Securing: 1. Performanceof each agreementof Trustor incorporated by reference or contained herein. 2. Payment of the indebtedness evidenced by one promissory note of even date herewith, and any extension or renewal thereof, in the principal sum of $ 2 5 , 0 0 0 . 0 0 executed by Trustor in favor of Beneficiary or order. 3. Payment of such further sums as the then record owner of said property hereafter may borrow from Beneficiary, when evidenced by another note (or notes) reciting it is so secured. Signature of Trustor 1W &ALA& J O CHLADEK jh.z,A 4c4,djL CES CHLADEK 091F ELAINE L, WEDEKIND COMM. # 1206984 NOTARY PUBLIC-CALIFORNIA RIVERSIDE COU" 0 COMM. EXP. FEB. 3, 2003 APT: 680-061-009-8 To Protcl ethe Security of the Deed of Trust, Trustor Agrees: B y the execution and delivery of this Deed of trust and the note secured hereby, that provisions (1) to (14), inclusive, of the fictitious deed of trust recorded in Santa'Barbara County and Sonoma County October 18, 1961, and in all other counties October 23,1961, in the book and at the page of Official Records in the office of the county recorder of the county where said property is located, noted below opposite the name of such county, viz: COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE Alameda 435 684 Kings 792 833 Placer 895 301 Sierra 29 335 Alpine 1 250 Lake 362 39 Plumas 151 5 Siskiyou 468 181 Amador 104 348 Lassen 171 471 Riverside 3005 523 Solano 1105 182 Butte 1145 1 Los Angeles T2055 899 Sacramento 4331 62 Sonoma 1851 889 Calaveras 145 152 Madera 810 170 San Benito 271 383 Stanislaus 1715 456 Colusa 296 617 Marin 1508 339 San Bernardino 5567 61 Sutter 572 297 Contra Costa 3978 47 Mariposa 77 292 San Francisco A332 905 Tehama 401 289 Del Norte 78 414 Mendocino 579 560 San Joaquin 2470 311 Trinity 93 388 El Dorado 568 456 Merced 1547 538 San Luis Obispo 1151 12 Tulare 2294 275 Fresno 4626 572 Modoc 184 851 San Mateo 4078 420 Tuolumne 135 47 Glenn 422 184 Mono 52 429 Santa Barbara 1878 860 Ventura 2062 386 Humboldt 657 527 Monterey 2194 538 Santa Clara 5336 341 Yolo 653 245 Imperial 1091 501 Napa 639 86 Santa Cruz 1431 494 Yuba 334 486 Inyo 147 598 Nevada 305 320 Shasta 684 528 Kern 3427 60 Orange 5889 611 San Diego Series 2 Book 1961, Page 183887 which provisions, identical in all counties, (printed on the attached unrecorded pages) are hereby adopted and incorporated herein and made a part hereof as fully as though set forth herein at length; that Trustor will observe and perform said provisions; and that the references to property, obligations and parties in said provisions shall be construed to refer to the property, obligations, and parties set forth in this Deed of Trust. The undersigned Trustor request that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to him at his address hereinbefore set forth. STATE OF CALIFORWA COUNTY OF U. before me, 4L�-� s . S�itJ d a Notary Publ' in and for said County and S te, personally appeared PelsonMfy-knownto-me-(er proved to me on the basis of satisfactory evidence) to be the perso s) hose name(® is are ubscribed to the within instrument and acknowledged to me that he / she ey xecuted the same in his / her <their authorized capacity21 s and that by his / her Heir—) signature sin the instrument the personQ or the entity upon behalf of which the person(o acted, executed the instrument. Witness my hand and official seal. 9 Signature -"y IIIIII IIIIII III IIIIIII IIII IIIIII INIii III IIIII IIII IIII t .�frfi lF p4, of1rrH APN: 680-061-009-8 DO NOT RECORD The following is a copy of provisions (1) to (14), inclusive, of the fictitious deed of trust, recorded in each county in California, as stated in the foregoing Deed of Trust and incorporated by reference in said Deed of Trust as being a part thereof as if set forth at length therein. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES: (1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and material furnished therefor; to comply with all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit orpennit waster thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be reasonable necessary, the specific enumerations herein not excluding the general. (2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary. The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine, or at option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. (3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought by Beneficiary to foreclose this Deed. (4)Topay: atlest ten days before delinquency all taxes and assessments affecting said property, including assessments on appurtenant water stock: when due, all encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto; all costs, fees and expenses of this Trust. Should Trustor fail to make any payment or to do any act as herein provided, the Beneficiary or Trustee, but without obligation so to do and without notice to 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 may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any encumbrance, 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, employ counsel and pay his reasonable fees. (5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure at the amount allowed by law in effect at the date hereof, and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary not to exceed the maximum allowed by law at the time when said statement is demanded. (6) That any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof is hereby assigned and shall be paid to Beneficiary who may apply or release such moneys received by him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other insurance. (7) That by accepting payment of any sum secured hereby after its due date, Beneficiary does not 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. (8) That at any time or from time to time, without liability therefor and without notice, upon written request of Beneficiary and presentation of this Deed and said note for endorsement, and without affecting the personal liability of any person for payment of the presentation of this Deed and said note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby, Trustee may; reconvey any part of said property; consent to the making 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. (9) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed and said note to Trustee for cancellation and retention and upon payment of its fees, Trustee shall reconvey, without warranty, theproperty then held hereunder. The recitals 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 entitle thereto." Five years after issuance of such full reconveyance, Trustee may destroy said note and this Deed (unless directed in such request to retain them). (10) That as additional security, Trustor hereby gives to and confers upon Beneficiary the right, 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 any default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues and profits as they become due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of said property or any part thereof, in his own name sue for or otherwise collect such, rents, issues, and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. (11) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of default and demand for sale and of written notice of default and of election to cause to be sold said property, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with Trustee this Deed, said note and all documents evidencing expenditures secured hereby. APN: 680-061-009-8 DO NOT RECORD After the lapse of such time as my then be required by law following the 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 property at the time and place fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash of lawful money of the United States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by the proceeding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase as such sale. After deducting all costs, fees 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 terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitle thereto. (12) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county or counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and pages where this Deed is recorded and the name and address of the new Trustee. (13) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, 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 neuter, and the singular number includes the plural. (14) That 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 notify any party hereto of pending sale under any other Deed of Trust or any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee. Initials APN: 680-061-009-8 REQUEST FOR FULL RECONVEYANCE , TRUSTEE: The undersigned is the legal owner and holder of all indebtedness secured by the within Deed of Trust. All sums secured by said Deed of Trust have been fully paid and satisfied; and you are hereby requested and directed, on payment to you of any sums owing te, you under the terms of said Deed of Trust, to cancel all evidences of indebtedness, secured by said Deed of Trust, delivered to you herewith, together with the said Deed of Trust, and to reconvey, without warranty, to the parties designated by the terms of said Deed of Trust, all the estate now held by you under the same. Dated By: By: Please mail Reconveyance to: Do not lose or destroy this Deed of Trust OR THE NOTE which it secures. Both original documents must be delivered to the Trustee for cancellation before reconveyance will be made. STATE OF CALIFORNIA COUNTY OF ON before me, , personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is / are subscribed to the within instrument and acknowledged to me that he / she / they executed the same in his / her / their authorized capacity(ies), and that by his / her / their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature DO NOT DESTROY THIS NOTE: When paid, this Note, with the Deed of Trust securing same, must be surrendered to trustee for cancellation before re -conveyance will be made. PROMISSORY NOTE SECURED BY DEED OF TRUST November 6, 2001 Palm Springs, CALIFORNIA 3760 CAMINO SAN SIMEON, PALM SPRINGS, CA 92264 (PROPERTY ADDRESS) FOR VALUE RECEIVED, the undersigned, JARO CHLADEK AND FRANCES CHLADEK ("Maker") hereby promises to pay to the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public agency, corporate and politic ("Holder"), at a place designated by Holder, the principal sum of 7NOM FIVE F123DUSAND AND N0/100 ------------------------------------------------------- Dollars ($ 25,000.00 ), together with interest thereon at five percent (5%) per annum commencing December 1, 2001 ("Interest Accrual Commencement Date"). 1. Repayment by Maker. This is a deferred loan. Unless the conditions of Section 8 of this note are met ("Due on Sale; Due on Encumbrance"), the Maker will not make payments on this note. Instead, interest in the amount of five percent (5%) per annum shall accrue on the 15th day of each calendar month after the Interest Accrual Commencement Date until principal and interest have been fully amortized. On the anniversary date & the Interest Accrual Commencement Date, an amount equal to ten percent (10%) of the original principal and the interest accrued over the previous twelve-month period, shall be forgiven by the Agency. 2. Repayment. This Note may be prepaid in whole or in part at any time without penalty. 3. Note Secured by Deed of Trust. This Note is secured by a Deed of Trust and Assignment of Rents of even date herewith, encumbering certain real property located in the County of Riverside, State of California, more particularly described therein, and any other instruments, now or hereafter executed by Maker in favor of Holder, which in any manner constitute additional security for this Note ("Deed of Trust"). 4. Late Charge. Maker agrees that if Maker fails to make any payment provided for herein more than ten (10) days after the due date thereof, it would be impractical or extremely difficult to fix the actual damages resulting therefrom to Holder, and therefore, Maker hereby agrees to pay to Holder a late charge equal five percent (5%) of any payment which is not made within ten (10) days after the due date thereof, not as a penalty, but for the purpose of defraying the expenses incident to handling such delinquent payment. Such late charge represents the reasonable estimate of a fair average compensation for the loss that may be sustained by Holder due to the failure of Maker to make timely payments. Such late charge shall be paid without prejudice to the right of Holder to collect any other amount provided to be paid or to declare a default under this Note or the Deed of Trust securing same. Such late charge shall be payable not later than thirty (30) days after the due date or the delinquent payment and shall be secured by the Deed of Trust. 5. Acceleration of Obligation. Upon the failure to make payment of any installment due under this Note as and when the same become due and payable (whether by extension, acceleration or otherwise), or in the event of default under the Deed of Trust, or any breach of any other promise or obligation in this Note or in any other instrument now or hereafter securing the indebtedness evidenced hereby, then, and in any such events, Holder may, at its option, declare this Note and the entire indebtedness hereby evidenced, including, without limitation, all accrued interest, to be immediately due and payable and collectible then or thereafter as Holder may elect, regardless of the date of maturity, and notice of the exercise of said option is hereby expressly waived by Maker. 6. Collection Costs: Attorneys' Fees. If this Note is not paid when due, whether at maturity or by acceleration, Maker promises to pay all costs of payment hereof or enforcement of any guarantee, incurred by Holder on account of such collection, whether or not suit is filed hereon. 7. Waivers by Maker. Maker and all endorsers, guarantors and persons liable or to become liable on the Note waive presentment, protest and demand, notice of protest, demand and dishonor and nonpayment of the note and consent to any and all renewals and extensions near the time of payment hereof and agree further that at any time and from time to time without notice, the terms of payments herein may be modified or the security described in any document securing this Note released in whole or in part, or increased, changed or exchanged by agreement between Holder and any owner of the premises by agreement between Holder and any owner of the premises affected by said documents securing this Note, without in any way affecting the liability of any party to this Note or any persons liable or to become liable with respect to any indebtedness evidenced hereby. 8. Due on Sale: Due on Encumbrance. In the event Maker shall, directly or indirectly, voluntarily or involuntarily, sell, enter into a contract of sale, assign, transfer or dispose of all or any portion of any interest in the property which is subject of the Deed of Trust without obtaining Holder's prior written approval, then, or at any time thereafter, Holder, at its option, may declare the entire indebtedness evidenced hereby immediately due and payable. 9. Severability. The unenforceability of invalidity of any provision or provisions of this Note as to any persons or circumstances shall not render that provision or those provisions unenforceable or invalid as to any other provision or provisions or circumstances, and all provisions hereof, in all other respects, shall remain valid and enforceable. 10. Modifications. Neither this Note nor any term hereof may be waived, amended, discharged, modified, changed or terminated orally; nor shall any waiver of any provision hereof be effective except by an instrument in writing signed by Maker and Holder. No delay or omission on the part of the Holder in exercising any right hereunder shall operate as a waiver of such right or any other right under this Note. 11. No Waiver by Holder. No waiver of any breach, defaults or failure of condition under the terms of the Note of the Deed of Trust or the obligation secured thereby shall be implied from any failure of the Holder of the Note to take, or any delay be implied from any failure by the Holder in taking action with respect to such breach, default or failure. 12. Usury. Notwithstanding any provision in the Note, Deed of Trust or other document securing same, the total liability for payment in the nature of interest shall not exceed the limit now imposed by applicable laws of the State of California. 13. Governing Law. This Note has been executed and delivered by Maker in the State of California securing same, the total liability for payment in the nature of interest shall not exceed the limit now imposed by applicable laws of the State of California. IN WITNESS WHEREOF, Maker has executed this Note as of the date and year first above written. M 1 • DATE SPPTIIu1BER 15,1999 rt��:r7�1 ��IMM ::,r,:�z�a�.J��i:i: rrr � •fl CREATION OF AN AGENCY FUNDED SINGLE-FAMQ.Y HOME REHABUUATION GRANT & WAN PROGRAM FOR LOW AND MODERATE -III OWNER OCCUPANTS IN TEE CITY OF PRIM SPRINGS RECOPAIG NDAMIONs It is mwmw %W dot the Agency approve the creation of a MWWksdon program fief Bdl4km owner 000nparnts of single Army lames in the City of Pahn Sprtnga. �LMir37��1� Cammnan*4 Redavelopareat Agency staff is proposing rho creation of a proom of gram and ddbrned roans to Adl-time hoamwnm in the City of Palest SpdW for the purpose of rl�abifk6g sb gio-llsn>i11►, owner-ooatpied homes Several PdorityWas, in to the ten redavdopmarg pgMarea%have been idmsi8ed for the per, though al inooatequ� honeowruas ®tee Qty ofPabn Springs are eligible fur deprogram. The redsvdopomm poled areas are listed bdow, but the AuportNoiae Cooe Area and the Citys "Recapture our Nagltbmbood" areas have also bear idani8ed. (rwo of these areas are also Redeveloproent poled aces, but athird is the area generally south ofRananRoad bdwemPalm CanyonDunve and Warm Sands.) Stail'wlil develop a progmu nap dewing moue speriflo boundaries. 7M Caan n . Redeveloment Agency pr4ect area include: Central Business District Talrquitz-Andreas RammWBogie South Palm Canyon Oasis North Paba Carryon Hghland<kteway Bmisto-F=ell Project Areallo. 9 Canyon Prod The eggNe population for the program is iilerttifW below. Owner-ooaPaats of aerie 1104 horses (nerve must appear au bale) Flag-turnsPatin Sprmpres de nt No rental proper ies('ata Wdmtoproofofmwft, =stsign &Mdavhofooanpancy) No moortd4mmes (eubled tolAdrosm or Dau quids sauce) Must Bllwaknvery low, low, and moderateinrxrarges(501ASW*,12OP/oo'median hucom% ravactivdy) In &Wbx to the unloose- and owna by ik m* mme nta, the prvpam also bas som Senerd reguhanents and restrictim for all grant and loan recipients. 1. Ail applies must meet incom and ownership OWbility criteria idaatiW above. 2. Art projects (grants and earls) are &tied to a recorded property maintenance covaortt. 3. AnailnAkportNoinPmgramareaffWsgn`T1onSukCommAvWioa F.aldl me required by Airport Nome MrtVtion Program 4. Mobile homes are only eGgNe ft `7.ow Doc" grant program with $5,000 Grail S. lNo egtdty nor odroraum bomye valve is required, however. mmdm un home value is FHA cap to prem. bens to "unalftdaW homes cra - C jtra-G•7a- SmCs the program b simW et voy tow..bar.. aad modwd6 in== AmWiia, k is apactaot to note dW these im me lea am pvvided by the U.S. Deparanat ofBbudg Udm Devolopum fiw do RiversidelSw Bar=Wiso Coumy wjK and d m are aiigidy svoroble (big w) then the Palm SVdW wft 'IU Imodaate WanW, area q, for e ple, bdWasadpffiew amiberof6a "InPalm SpbW Asarauk a&Ydlbw can have arm income of t56r650 and sty beeigbellbrthe popm The dd mi% are the 1999 boomeshoft Gsddeiisxea ex Palm Sporsgx FAMI.Y SEM VERY IOW WCOMB 50% afMedien LOW DWOWE tiWA afllMedsans MODERATE DMOMti $20ifi atldediaa 1 16,500 26,450 39,650 2 113,900 30,2W 45,3W 1 21,M 34.000 S1,000 4 23,600 37,750 56,650 $ 25,3W 40,1300 61,= 27,400 43,8W 65,700 Z 29,250 46,ti00 70,250 $ 31,t50 49,M 74,i300 PROGRAM DESCRIPTIONS Thera are m" flood neasorrs far the program to matte VIM Sor the rehab of ii =V banes: grants are less thred =% to many' Mmeownas, espedatiy , and is dro cares athon>sa that need very ema3 mum a off a grant is a m xh lean rcw d w tad to use thaa a barn. 8owom, RedeWopmeat Law kits the size of the Safes the ABenoy cm nsaloe and, in the can of fire WW grants, does not &lbw it to melon oomple* talaEaWWW gram& Therm there are taro separate groat cMegarim In addition, all sma and bans win r000rd a property mAin=%= covenant reW}rirtg the owner to meirttaia the a xtedor of the property b ameptabb condidorr, for S yeas Cm the can 0faaats) of 10 yam Cm the case of bans). "Low Doc" Groat Propam Grants up to $5,000 wilt be available to very low- asd loarwcoulk ownw-Oc tpW bmmhoida. Moderate income» am not eligible for this le -id of amsisfassoe. No resak rest micas on the home are necessary, though a property mairsoenanoe ooweam is required. Basiclmuadwld hmme and homeowaergnal rs (as wedas dWaW*fooaips q)wil be pa&mW (no aced for in depth credo The Crty'a Cors wxtion SW&h*WW wid be used to ataurz work quality and sign off an the contractor invoices The Coatraator wM modm a hmrp man payrmeat. At lng 20PA of the Mt amount (up to $1,000) moat bound for eleeior impovements6 much as debris re novas, rig, or landsca ft Very low or low -hoots mobile home owners are 0* eGgsbte for the Low Doc Program, though the $1,000 exterior improvaner t requiranew is waived. Larger GmnwUp to $l%OOo AB elgbb fim ffiw or b*vldarrls (very bw, low. or moderate ioeomie) ap0► apply► tbiee 1 *0 WwAdwkVmvemront$muleafvpto$lO,000.lAwtheLowDoeprogram,. 20% of the grant amiomiI moat be used for P, a min r br4movemerik atilt as debit, removaL paid of lam beam in addiliok a property mabdem nce ooveasnt is nxgdaed. Theses vMW have a S Year resale resWdioc4 La. the owner is ta8hi, m to r+esdng the bonus b another boomequaffied buyer duvig the the Year period or must repay the rem bal mec oMmoraot. incUftaoc ruedir umg TheVw wifi &carte mwre tat M butwR beforgivmovertheflveysarpedod. yrdiffi,re-fi+omthcl=prograrq anrewb=m&— qmHedbuywisa*nVondWedrdret =h&S alamoeeswd"theretmi>aagoetm No, ad001101 ree:r1 " (er& adcfi and yreem) am placed an die property atthe tiros ofreade. The af£ordeW moktkm is br five years only, megrardesa of the number of owners dist property has danfrgtbd period. Al pnojeat aasWmm over $10,000 mast be part of the rd ab ban program Loans aril) be madeaa'A&r PdOWN)bans,arrartaedova atenyarperiod. NoVig-aitw0lberegcied an die part of during the tam of the ban, provided odmr co ndidow are eruct. Loan is iehormo wm ramrods n owner-00mrpaet during tam of ban. Mao m= ban emtmts am S25,000 Sir aB appEc a% but the "accrued interact' wil veryaoomft to the 'sinoorrae level, acid whodw the app>ic w t fim in s priority neighbarlood The ban amaiutts and oorrespon&V mtarat rake are HOUselold Income MOPM AIMM MM AR&4.9 Very LowerLaw blooms (8 °lrli of me&m or bebw) 322S,000 U5,000 (3%) (4%) Moderate Lioomse (between 80% and 120% of median) $25,000 VS.000 (4%} (SY.) LoanR,esdicfions Thera; is a resale restriction placed on an losr►t We or transfer of the home during the beat term rrgAuItto be sold to an income qualified houmhoW (ia dooriginal baaholder nvM NO to an egcdvalen t hwome grialiW household, i.e., a bar income hottadtoW = a an to a very low or bw hworm houmdwK. a moderate income household new all to a moderate irooriie [or less] household). The "bans• wfil be ani Wnd over a period of 10 ywa. However, the affxdabft resaietiari will placed on she horse for a period of 15 year, wish one etuxption: if the 009aod PUMP* owner fives is the house ootaamoudy fix the 10 yeam the aflfordobi ity o0veaamt Is released at the end of 10 years when the ban is Ak If the house is sold poor to rho release of the affordability o0vaunt, the new buyer mat be incomqua68ad. YubamewbuyerisTrotincomequalified,the rera>A tgbalarmemustbepaid tiaoughthe exam. ifthe now buyer is inane gamGSed, anew agreernm not to a row 10 years wail be crowed into for the batamoe due. The new buyer's loam on% in nearly ell oases, wfil be less than 10 years. Elerds an Homeowner A enters the progrann and reoeim the m nfim n fora of =5,000, which is recorded and amortised over+ 10 year period. At the end of 5 years (60 crilft-COW-1 CrA,WcvWJ ama ft she ads die house to a who am not income quIVW& The balance due to the AWW, Paid dmora h the ewrow, wM be S13,434.58. HomeOwmk 8100me00ivasaV3,000hmoud esameteams. Hesdlehishousestthd endofSyMa(60moafslbuttoaniamwgnHEe S*km d Thenewbayardm eroeartes a aeon 10 yemnr agneeasent with the Agency gw the $13,434.0 balefve. If Pr0Pv y is tm ws&mmed widim the taroly (a& upm death cf the hoftevwmI in0000e TWMCWOG Is 03 roPW& Ifb* ararrber does act qua ft Psyartak of note is due. APPLLt;ATION SCORRqO Sbouid dmenebealsrge vdurae oi'applicwtiorrs during the irk at�up a�thep�gra�, etafft�as developed snd Apom door Scm%Waiaheet do rardm apOic mbyhouseWdr and Project need, aswdlathet�ty'mr-and Agency'saeigUbomhoodrevmpriositiea, 13am9mapP8catba, wi0 be assigned a nummW score based an the jAvwjng criteria, with dre highmt Soming ream funded first. F,acb quesdm bebw has a rare of pva:able scores. A9 the scores in am hu three cdq pries are added, sad Ores nmftfp6ed by the nhvwt wore in the find two receive 00% kwome errd owm ship Oncludirg OW fornot qua68e4 Anyrmppamm that does mt qualified 1hr amm (1- , is not imrcoaro qua6 W a does not own the homme) is at kart any MIMI Was the home pr"mOed by the Qay Sox W64ation in the Program? Are there honks on the same street drat are also in feed ofrgmb? Is the home ih am of the targeted areas, such as the Airport Noise arm or a mdevdopmart poje d area? GYMA abet impact would the iaap ov meM ofthm house have on the taros? Is the home in a ehdsficagY mmdw4 pesdmted priority area? Soope cf Work Am dm major WUCMd dat'eas that wait corrected by this program? Are there ant code oblations that MA be o coded by this program? Does it appear dwt there my be lead pairs in the home? Is there a need Ofcdwdm Major relwbdtodon and/or claarsrp? h them a feed to ir%Wrepair of evapomafm oodet? h them a feed to rvair/ q6m air corAdot ing umm W Is dkro a need for aeauity wear doors or windows? h there a feed to rqhcAvW block waW Are them dmsabted access issues in the bow? Borrower QuaRfic adon Would tbo owner qudfy for an addifWW programs (e.g Airport Noise Program)? Is the applicant a serdw cidxaf? Is do appimcant disabled or daim to be disabled? Wiwi is the age ofthehouse? Does the bommv own other property(res}? AbsotumEA"WRequhmenu Lmoonre Level of the Borrower Ebmeowfer Staves The del fimft Bogy the pvOmn sW be $1,000.000, firm the fiord bdm= a[ds Low/Mod Hmmfg Ptopm Bated an do artidpated mh of ss 000, $10,000, and S23-Wo *Cte, the $1,000,000 amid auk nearly 100 homeowners in de St ym. ffadd�iomt c��l�' ASCO ae► eteff nrry ntmn to the Air Ax m u PH.D avoHmre to / / eta w ITTResohdon 2, BwdsK Amendment ;; S , s t : r�• RESOLUTION NO. 1082 OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE -- - — -� CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR THE 1999-00 FISCAL YEAR. WHEREAS Resolution 1066 approving the budget for the fiscal year 1999-00 was adopted on June 9, 1999; and NHERBAS the Mcecutive Director bas recormDended, and the Agency desires to approve, certain amendments to said budget, NW THBREFORE 89 IT RESOLVED that the Director of Finance is authorised to record inter -fund cash transfers as required in accordance with this Resolution, and that Resolution 2066, adopting the budget for the 1999-oo fiscal year is hereby amended as follows: SECTION 1. ADDITIONS FUND Activity Account Amount No. 982 Single -Family New $1,000,000 Rehab Program Title: Tahquitz- Andreas Low --Hod Purpose: Creation of Single -Family Rehab Program for Low -Mod Homeowners SECTION 2. SOURCE FUND Activity Account Amount No. 882 2930 $1,000,000 Title: Tahquitz- Fund Balance Andreas Low -Mod Adopted this 16th day or _ September . 1999. AYES: Members, Barnes, Hodges, Oden, Reller-Spurgin and Chairman Kleindienst NOES: None ABSENT: None ATTEST: COMMUNITY REDEVELOPMM AGENCY OF THE CITY -OF PALM SPRINGS By. Assistant locretary Chairman RAVIEWED AND APPROVED AS TO FORM C"t4 0 C -� RESOLUTION NO. 1081 OF TEE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, CREATING THE PALM SPRINGS NEIGHBORHOOD REVITALIZATION PROGRAM, A RT3HAB=ATTON PROGRAM FOR LOW- AND MODERA'TB- INCOME OWNER-OCCUP® SINGLE FAMILY HOMES IN THE CITY OF PALM SPRINGS WHEREAS in a000rdaaoe with Section 33334.2 of Califonia Redevelopment Law (heroinafler "CRL") redevelopmed agencies mass establish a housing Amd by seeing aside twenty percent (20%) of tax tocr+eaaeat geomated fi+om project arena 14 increase and improve communities' supply of affordable housing 1br persons of low or moderate income; and WHIIRF.AS. Wdevelopmad dies may spend housing fund monies to, among other things, rebabiilitft builftp or st metur'es; and. WHEREAS the. City and Redevelopment Agency seek to provide mom a8a+dable housing throughout the City, preserve affordable housing stock throughout the City, and maintain the community's supply of mobile booms; and WHEREAS, Section 333341W authorizes redevelopment agencies to spend housing Rod monies either within or outside the project area if the City Council and the Redevelopment Agency find that the provisibm ofaffordable irmhtg Bode outside the psgject area benefit the project area; and, WHEREAS, the Neighborhood Revitalization Program (bereina ter "Progrgm") helps the Agency AMI its mguinsown is under the AB 1290 Implementation Plan, as well as assists the City meet the goals of its HUD Consolidated Plan; and WHEREAS, the Program le offered In all redevelopment project areas within the City; sad, WHEREAS, the Palm Springs Caomwft Redevelopment Agency wishes to ortand the Program to low and modeMe Income homeowners wbo live in areas amide of project areas giving priority to the Airport Coact Noise Ares and the City's "RecapWre Our Neigbborhood" areas and secondarily to the remaining portion of the City, and, WHEREAS, there arm numerous benefits to the projoct area by extending the Program to one that are aa►-pmlect areas in that, currently, therm are ten project areas within the City and the project areas are eider directly adjacent to a non -project area or whhtn a project area's sphere of influence; and, WHEREAS, the Program conforms to the General Plan of the City of Palm Springs, including, but not limited to, the City's Housing Element. NOW THEREFORE, ties Comnmmity Redevelopment Agency, of the City of Palm Springs, California, does hereby resolve the following: SECTION 1. That the Neighborhood Ravithli on Program, for the purpose of providing assistance to low- and moderate -income owner occupants of single family homes in Palm Springs for property improvements, Is hereby establiahed. SECTION 2. Progrent assistance Is limited to owner occupants ofsingle family homes is the City of Patin SOOV that meet the inooure guidelines for "Very Low," "Low," and "Moderate" income, as set ftib by the U.S. Departmart of Housing & Urban Development for the Pain Springs area or for the RiverMe/San Bernardino County area. SECTION 3. Pursuant to CRL 33334.2(g), the Community Redevelopmeat Agency hereby finds that the provision of affordable housing funds outside Agency project areas will be of benefit to the project areas because the funds wig be utilized to provide more atfordable housing opportunities within the City, proem affordable housing stock throughout the City, and maintain the community's supply of mobile homes. R1081 Page 2 C (a, - C �a SFCTM 4. No withsmtding the estaDtishmeM of the Program pursuant to this resolution ad the pmpssa imglame ddlon criteria developed by the Agency. the ailocadoo of Program assistance to any applicant shall be at to discretion of the Community Redevelopment Agency. Nothing In the guidelines or in this resolution requires the Agency to allocate funds to may Applicant. SECTION S. AubW= to homeowners shall be in the form of grams or deferred loans. The type of assistance shall be solely determined by the dollar amount of the project. SEC TION & All PY ogrsnt pMicipaats ehe11 euriar into a recorded Property Maiatatance Covenant with the Agency for a period of not lase than five (5) years. SECTION T. Ali Program participants receiving more dw SS,000 in assistance shall enter into a recorded Property Affirdabil;ty Agreement with the Agency of not leas than five (5) years. SECTION S. NotwWwwo ft the Agency's findings that the use of horsing brads outside the redevelopma t pmjed mess is Appropriate and barcfick] to the project mess, addi weal comdderstion in the applk dort prooess will be made fbr applicems who live in the tea projed areas, as well as those In the Airport Noise Cone am and the City's "Recapture OurNsigbborboods" mesa. SECTION 8. 1U Agency reserves the right to score and prioritize applications based on borrower qualification, scope of work, and neigliborfiood impact, as well as prioritize improvements In a borne based on the Agency's eftNished criteria for the Program. SECTION 9. The findings and detenminalions set fortit JwmW shall be deemed final and conclusive. SECTION 10. The Exaartive Director or his designee are authorized to sign all necessary documents in it form approved by the Agency Counsel, including grant agreanents up to $10,000 and loan agreements up to S25,000. ADOMD" 15th dayof September Iygy. AYES: Members Barnes. Hodges. Oden, Reller-Spurgin and Chairman Kleindienst NOES: Hone ABSENT: None ATTEST: COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA By Assistant Secretary Chairman REVIEWED AND APPROVED: k" C� ppLM SAP -, City of Palm Springs Community and Economic Development Department * * Mta 3200 E. Tahquitz Canyon Way • Palm Springs, California 92262 Tel: 760.323.8259 •Fax: 760.322.8325 • TDD 760.864.9527 • www.palmspringsca.gov c'Qt1po III �p September 28, 2021 VIA EMAIL: gvega@cvescrow.com> Gloria Vega, Junior Escrow Officer CV Escrow 4375 E. Calle De Ricardo, Suite B Palm Springs, CA 92264 Re: Jaro and Frances Chladek Escrow No. 220-41203-DR 220-41203-DR / 3760 East Camino San Simeon, Palm Springs, CA 92264 Dear Ms. Vega: Regarding the Community Redevelopment Agency loan to Jaro and Frances Chladek recorded on November 30, 2001, Document No. 2001-590471, the payoff amount due is zero ($0.00). The City of Palm Springs will provide a Substitution of Trustee and Reconveyance for recording to Gloria Vega of CV Escrow. The documents are being prepared and will be reviewed by City Management. Thank you for your patience while we work on obtaining the required signatures. As soon as the fully executed documents are recorded, I will forward a copy to you. If you have any questions, please call me direct at (760)323-8260 or email me at diana.shav@paimspringsca.gov. Sincerely, Diana Shay Redevelopment Coordinator Community & Economic Development Department cc: 3760 Camino San Simeon Loan File Post Office Box 2743 • Palm Springs, California 92263-2743