HomeMy WebLinkAboutA9150 - NEW VENTURE ESCROW RE: MARY CAROLYN MILLER, EL DORADO MHP ASSISTANCE PROGRAM PARTICIPANTCONTRACT ABSTRACT
Contract
Company Name:
Company Contact:
Summary of Services
Contract Price:
Funding Source
Contract Term
Contract Administration
Lead Department:
Contract Administrator:
Contract Approvals
New Venture Escrow re: Mary Carolyn Miller, El Dorado MHP
Assistance Program Participant
Susana Doidge, Escrow Officer
Full Reconveyance (Residential -Owner Occupancy),
$5, 000
CRA — Low/Mod Housing Fund
10 year Forgivable Loan (1/7/2004 to 1/7/2014)
Community & Economic Development
Jay Virata, Director ram. 1
Council/ Community Redevelopment
Agency Approval Date:
Agenda Item No./ Resolution No.:
Agreement No:
Contract Compliance
09/15/1999
Resolution #1081
1 q 150
Exhibits:
Included: Deed of Trust, Loan Agreement, Promissory Note,
Request for Demand, and CRA Action/Resolution Date 9-15-
1999.
Signatures:
Reference Attached
Insurance:
N/A
Bonds
N/A
Contract prepared by: Community & Economic Development Department
Submitted on: 6/1/2022 By: Annie Rodriguez, Housing Program Assistant (�
RECORDING 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
2022-0291419
05/29/2022 12:47 PM Fee: $ 0.00
Page 1 of 3
Recorded in Official Records
County of Riverside
Peter Aldana
Assessor -County Clerk -Recorder
-11119 Rin 4 r
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Escrow No. 308626SJ
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 January 4, 2004 with MARY CAROLYN MILLER,
a Married Woman as Sole and Separate Property, as Trustor, and CHICAGO TITLE COMPANY, a
California Corporation, as Trustee, with such Deed of Trust being recorded on April 2, 2004, as
Instrument No. 0238512 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 Califomia 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, January 7, 2004 secured by the Deed of Trust, with Trustor,
MARY CAROLYN MILLER, 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 —� 7CITY OF PALM SPRINGS, a California charter city
Acting as the Housing Successor Agency
Approved as to for-r-mom: \
Jeffr S. al in er, City Attorn� By: //1VV �"^�^^ - 1 /
Justin Ufton, City Man ger
ATTEST
Monique Lomeli, Interim City Clerk
1209632.1
A��S�
EXHIBIT "A"
ALL THAT CERTAIN LAND SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF
RIVERSIDE, CITY OF PALM SPRINGS DESCRIBED AS FOLLOWS,
PARCEL NO. 1:
UNIT 16 AS SHOWN AND DEFINED ON THAT CERTAIN CONDOMINIUM PLAN RECORDED JULY
24, 2003 AS INSTRUMENT NO. 2003-554906, OFFICIAL RECORDS OF RIVERSIDE
COUNTY.
PARCEL NO. 2:
AN UNDIVIDED 1/377 INTEREST IN AND TO LOT 1 OF TRACT NO. 28087, AS SHOWN ON
A MAP RECORDED IN BOOK 338, PAGES 39 AND 40, OF MAPS, RECORDS OF SAID
COUNTY, STATE OF CALIFORNIA, TOGETHER WITH ALL IMPROVEMENTS THEREON,
EXCEPTING THEREFROM CONDOMINIUM UNITS 1 THROUGH 377, INCLUSIVE, LOCATED
THEREON.
ALSO EXCEPTING THEREFROM EXCLUSIVE EASEMENTS APPURTENANT TO EACH UNIT FOR
THE USE AND OCCUPANCY OF THOSE PORTIONS OF THE EXCLUSIVE USE COMMON AREA
DESIGNATED IN THE DECLARATION OF RESTRICTIONS RECORDED JULY 24, 2003 AS
INSTRUMENT NO. 2003-554907 OFFICIAL RECORDS OF RIVERSIDE COUNTY AND SHOWN ON
THE CONDOMINIUM PLAN FOR EACH UNIT.
PARCEL NO. 3:
AN EXCLUSIVE EASEMENT APPURTENANT TO EACH UNIT FOR THE USE AND OCCUPANCY OF
THOSE PORTIONS OF THE EXCLUSIVE USE COMMON AREA DESIGNATED IN THE
DECLARATION OF RESTRICTIONS AND SHOWN ON THE CONDOMINIUM PLAN FOR EACH
UNIT.
PARCEL NO. 4:
A NON-EXCLUSIVE EASEMENT FOR USE AND ENJOYMENT OF THE COMMON AREA AS
PROVIDED UNDER THE DECLARATION OF RESTRICTIONS AND THE CONDOMINIUM PLAN.
ASSESSOR'S PARCEL NO: 681-321-016
1209632.1