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HomeMy WebLinkAbout11/23/1999 - STAFF REPORTS i DATE: November 23, 1999 TO: City Council and Community Redevelopment Agency FROM: Dallas J. Flicek, Interim City Manager/Interim Executive Director 11011 FIRST AMENDMENT TO LEASE AGREEMENT NO.S443-BETWEEN THE AGENCY AND SANTIAGO SUNRISE VILLAGE RECOMMENDATION: t' It is recommended that the Community Redevelopment Agency of the City of Palm ase Springs approve the First Amendment to Le Agreement No. by and between the Agency and Santiago Sunrise Village, and that the City Council concur in the action of the Agency approving the amendment. BACKGROUND: As described in the recitals in the attached agreement, the City of Palm Springs and Santiago Corporation entered into a certain lease agreement in 1987, whereby Santiago leased certain real property from the City for the purpose of providing a low/moderate income mobile home park for the community. Subsequently, the City transferred the real property, subject to the lease, to the Community Redevelopment Agency, and Santiago assigned its interest in the lease to Santiago Sunrise Village,a Limited Partnership. Over a number of years,the parties have been discussing, negotiating, and arguing over a number of issues, which are now being resolved in this First Amendment to the original lease agreement. Those issues, as more clearly identified in the attached amendment, are as follows: 1. Clarification of the premises included in the lease, and a waiver of lessee's claim against lessor for payment of property taxes on property not included in the original lease. 2. Clarification of past due deferred development fees which the lessee held back from the City, as the original lessor, due to its claim that the City allowed a neighboring developer to remove and/or destroy a steel windbreak fence, irrigation and landscaping installed by lessee without the lessee's permission. 3. The parties have agreed, following a number of years of debate over this issue, that for the payment of the originally past due fees to the City by the lessee, in the amount of$64,607.72 (as identified in#2 above), and the City waiving its accrued interest, the lessee will release the City from its claims and claimed accrued interest thereon. Both parties are, therefore, waiving approximately $70,000 worth of charges against each other. /4 �Aa�. Page 2 4. The addition of a subsection to the lease agreement providing for interest and penalties on late payments, not previously included in the original lease. 5. Clarifying under "Assignment and Subletting," that the lessee will not assign the lease or sublet the premises without the express prior consent of lessor, which consent would not be unreasonably withheld. As mentioned previously, this resolves a number of disputes that have been around since the early 1990's, almost resolved in 1996, and finally resolved this year. The resolution of these issues was made possible by the lessee requiring a new estoppel agreement for its lender as a result of the refinancing of the project. The City and the Agency were willing to sign the estoppel agreement only upon the lessee's approval of this First Amendment. Attached is a Resolution of the Agency approving the First Amendment to Lease Agreement No.4443- Also attached is a Minute Order of the City Council of the City of Palm Springs 2oncurring with the action of the Agency in approving this First Amendment. Dallas J. Flicek Interim City Manager Interim Executive Director ATTACHMENTS: 1. First Amendment to Lease Agreement No. 2443 2. Resolution of the Community Redevelopment Agency 3. Minute Order of the City Council FIRST AMENDMENT TO LEASE AGREEMENT NO 2443 3tot7 THIS FIRST AMENDMENT TO LEASE AGREEMENT NO. 3443 ("Amendment") is entered into this _ day of 1999 ("Effective Date") by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, a public body, corporate and politic ("Lessor"), and SANTIAGO SUNRISE VILLAGE, a California limited partnership ("Lessee"). RECITALS A. The City of Palm Springs, a municipal corporation ("City"), and Santiago Corporation, a California corporation ("Santiago"), entered into that certain Lease Agreement No. 2443 dated June 29, 1987 and recorded on June 30, 1987 as Instrument No. 185905 in the Official Records of the Riverside County Recorder ("Original Lease") pursuant to which City leased to Santiago certain real property more particularly described therein upon the terms and conditions set forth therein. B. Subsequent to the execution of the Original Lease, (i) City transferred the real property subject to the Lease and assigned the Lease to Lessor; and (ii) Santiago assigned its interest under the Original Lease to Lessee and Lessee assumed all of Santiago's duties and obligations under the Original Lease. C. Lessor and Lessee wish to amend the terms of the Original Lease as more particularly set forth herein. The Original Lease, as amended by this Amendment, shall hereinafter be referred to as the "Lease". D. Lessor and Lessee wish to clarify, pursuant to the terms of this Amendment, the parties' rights with respect to a certain portion of Lessor's real property referred to as Parcel 2 herein, which Lessee has used in connection with its operations upon the Premises, although such Parcel 2 was not included as part of the Premises under the Original Lease. E. Lessor and Lessee wish to settle Lessee's obligation to pay certain development fees under the Original Lease, pursuant to the terms of this Amendment. F. Any capitalized terms not defined herein shall have the meanings ascribed to them in the Original Lease. NOW, THEREFORE, the parties hereto agree as follows: 1. Parcel 2. The parties acknowledge and agree to the following terms regarding an approximate one and sixty-eight hundredths (1.68) acre parcel of real property, located immediately adjacent to the Premises, and specifically described as "Parcel 2" on Exhibit "A" attached hereto and incorporated herein by reference and depicted on Exhibit "B" ("Parcel 2"). The parties acknowledge that before the date of this Amendment, Lessee paid certain taxes upon Parcel 2 while Lessee used such Parcel 2 in conjunction with its operations upon the Premises. F81\383\014084-0003\33335 3 all/17/99 /11 3 MY Lessor and Lessee acknowledge that Lessee's use of Parcel 2 was pursuant to specific consent from Lessor for the limited time while Lessee paid property taxes thereon. From and after the date of this Amendment, Lessee shall no longer be entitled to use any portion of Parcel 2, without the specific written consent of Lessor. Lessor agrees to waive any right to rental payments in connection with Lessee's prior use of Parcel 2, and Lessee agrees to waive any right to reimbursement or compensation for payment of any taxes upon Parcel 2 during Lessee's prior use of Parcel 2, as more specifically set forth under Section 3 of this Amendment. 2. Payment of Past Due Fees. Pursuant to Section 28 of the Original Lease, Lessee agreed to pay the City for certain deferred development fees plus interest. Lessor and Lessee hereby acknowledge that Lessee owes the City the sum of SIXTY-FOUR THOUSAND SIX HUNDRED SEVEN AND 00/100 DOLLARS ($64,607.72) ("Fees") plus accrued interest ("Accrued Interest"). Concurrently with the execution of this Amendment, Lessee shall pay the City in funds satisfactory to the City, the Fees. Provided Lessee complies with the terms of this Amendment, Lessee shall not be required to pay to City or Lessor any portion of the Accrued Interest. 3. Release of Claims. Prior to the execution of this Amendment, Lessee has made certain claims against Lessor for the costs expended by Lessee to maintain certain real property, which, prior to the date of this Amendment, the parties had contemplated to be added to the Premises and alleged damages suffered to the fence and certain trees on the Premises by Lessor or its agents (collectively, "Claims"). In consideration for the City waiving its right to collect the Accrued Interest pursuant to Section 2 above, Lessee hereby waives, releases, remises, acquits and forever discharges Lessor, City and their respective officers, employees, and agents of and from any and all actions, suits, legal or administrative orders or proceedings, demands, actual damages, punitive damages, losses, costs, liabilities and expenses, which concern or in any way relate to any of the Claims. Lessee further waives, releases, remises, acquits and forever discharges Lessor, City and their respective officers, employees, and agents of and from any and all actions, suits, legal or administrative orders or proceedings, demands, actual damages, punitive damages, losses, costs, liabilities and expenses, which concern or in any way relate to any payment by Lessee of taxes of any kind upon the real property referred to as "Parcel No. 2" as specifically described on Exhibit "A" and depicted on Exhibit "B" before the Effective Date of this Amendment. 4. Interest on Late Payments- Late Char. The following shall be added as subsections 3(g) and (h) of the Lease: "(h) Any sum to be paid pursuant to the terms of this Lease not paid within thirty (30) days of the date due shall bear interest from and after the due date until paid at a rate equal to three percent (3%) over the reference rate being charged by Bank of America, N.A. from time to time during such period so long as the rate does not exceed the maximum non-usurious rate permitted by law in which case interest shall be at the maximum non-usurious rate allowed by law at the time the sum became due. "(i) Lessee hereby acknowledges that late payment by Lessee to Lessor of rental or other sums due hereunder will cause Lessor to incur costs not contemplated by this 383/0140844)003/33335.5 _z_ Lease, the exact amount of which is extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, any payment of any sum to be paid by Lessee not paid within ten (10) days of its due date shall be subject to a five percent (5%) late charge. Lessor and Lessee agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Lessor for its loss suffered by such late payment by Lessee." 5. Assignment and Subletting. Subsection 22(a) of the Lease shall be deleted in its entirety and replaced by the following: "(a) The privileges contained herein are exclusive. Lessee agrees that it will not assign this Lease or sublet the Premises or any portion thereof (except to space tenants in the mobilehome park) without the express prior written consent of Lessor, which consent shall not be unreasonably withheld. Any purported assignment or subletting without the consent of Lessor shall be void. Lessor shall be the sole judge as to the reliability, capability, character and desirability of prospective lessees or sublessees." 6. Full Force and Effect. Except as set forth herein, the terms and provisions of the Original Lease shall remain in full force and effect. pqr 3MI4084003M335.5 _3_ IMP IN WITNESS WHEREOF, this First Amendment to Lease Agreement was executed as Of the date first written above. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, ATTEST: corporate and politic By: By: Assistant Secretary Executive Director REVIEWED AND APPROVED RUTAN & TUCKER By: AgebQyflounwi SANTIAGO SE VILLAGE, a C o 'red partnership By: Richard tSimonian, Gene# Partner By: 5#64T)/CCE 316A)/A A) Print name and tine (Corporations require two signatures,one from each of the following: 1. Chairman of Board,President, any Vitt President;AND 2. Secretary, Assistant Secretary, Treasurer, Assistant Treasurer,or Chief Financial Officer.) [END OF SIGNATURES] M1014084•0003M333.5 -4- .... .... ... ..� .... �. w ,uw, w A\AOUV A un uv. ,vv 4C ucut r. eo File No. R 92-034 EXHIBIT "A" LWAL MCi21M OF THE PREUBES All of Lot'1 of that Map entitled `Tract No. 17642-1 being a subdivision of a portion of the southeast quarter of Section 35,Township 3 South,Range 4 Fast, San Bernardino Meridian, also shown on Record of Survey Map Book 65 at page 33;official reds ofltiverside County, State of California" filed on the 18th day of November 1981 in Map Book 122 at Pages 88 through 90, official Records of River& County, California. (AFN 669-500-part of 001) , PARCEL 2: Being a part of Lot C of that Map entitled "Track No. 1.7642-1 being a subdivision of a portion of the southeast quarter of Section 35,Township 3 South,Range 4 East,San Bernardino Meridian, also shown on Record of Survey 114ap Book 65 at page 33, official records of Riverside County, State of California" filed on the 18th day of November 1981 in Map Book 122 at Pages 88 through 90, official Records of Riverside County, California and more particularly described as follows: Beginning at die southwest corner of Lot C;Thence northerly along,the west line of said Lot C N 00" 15' 14" E 1.467.00 feet: Thence S 99" "1 28" E 50 fed to the northwest corner of Lot 1 of said Tract No. 17642-1; Then= southerly along the line between said Lot C and Lot 1 of Tract NO. 17642-1,S 00" 150 14" W 1,4ti7.00 feet to the southwest omen of said Lot 1, said cornea being also die southeast comer of said Lot C; Thence westerly along the south line of said Lot C N 990 46' 28" W 50 feet to the point of beginning. (APN 669-Soo-part of 001) EXHIBIT "A" TO FIRST AMEND /M1'.NT Received Oct-27-66 10.36ah From-760 323 8207 To-RUTM i TUCNER LLP, Pave 26 11 ♦.wo vuunvr •.u• ••Y• ,YY V!-J VG•VI f UI/UI WBO 669—331118 669-5 POR*5Z 114 SEr- 35, T3 S.R. 4 E. ar PM �e p2.98/Tef a.ra.,gYy►� +e suble wti 4 3i.Ci 4 N " AIN LM FC1R/ ®q�_AX At • Q t 0 ( 4a mh • +w.•r zri + amwra u rf& Z h dw mdwmlllm •.w e-• ? 02"' Rr4 Ak .ee vs 1 s-k O Aed/ MAWR& - r x a am RARQ EL �+ +xr n o:r • r.e • r y rr , JO� +1�9.IZ2/99.90 pact so. ALC. ZS9/B4-B3 Tracy Aft 2Fi9a-/ ill •13• TO FIRST AmmAjENT Received Nov-01-88 08:04pm FrwT6B 823 BUT To-MM i TUCKER LLP. Page 01 RESOLUTION NO. 1089 OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OP PALM SPRINGS,CALIFORNIA,APPROVING FIRST AMENDMENT TO LEASE AGREEMENT NOIM BETWEEN THE AGENCY AND SANTIAGO SUNRISE VILLAGE. WHEREAS, the Community Redevelopment Agency of the City of Patin Springs ("Agency"), and Santiago Sunrise Village, a California Limited Partnership, as lessor and lessee respectively, desire to amend said lease. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs,that the First Amendment to Lease Agreement No jW 7 by and between the Community Redevelopment Agency of the City of Palm Springs and Santiago Sunrise Village is hereby approved. ADOPTED this 23rd day of November 1999. AYES: Members Hodges, Oden, Reller-Spurgin and Chairman Kleindienst NOES: None ABSENT: Member Barnes ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS By Assistant Secretary _ Chairman M \ REVIEWED& APPROVED AS TO FOR le I� MINUTE ORDER NO. 3S, CONCURRING WITH THE ACTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS IN APPROVING A FIRST AMENDMENT TO LEASE AGREEMENT NO. t7. I HEREBY CERTIFY that this Minute Order, concurring with the action of the Community Redevelopment Agency of the City of Patin Springs in approving a First Amendment to Lease Agreement No.3bX7, was adopted by the City Council of the City of Palm Springs, California, in a meeting thereof held on the 23rd day of November, 1999. PATRICIA A. SANDERS City Clerk DOC N 1000—MMS702 22/07/1999 00:00A Fee:NC Page 1 of 9 Recorded in Official Records County of Riverside Gary L. Orso Assessor, County Clark i Recorder RECORDING REQUESTED Ex: III�II�II�IIIII�II�IIIIIa�IIIiIIIUaII CM OF PALM SPRINGS AND WHEN RECORDED MAIL TO: City of Palm Springs M S u IM mR a Peon ftc w we. 3200 E. Taltquitz Canyon Way Palm Springs, CA 92263 Attn: City Clerk 1, A R L COPY IONR RlIRID It11R SPACE ABOVE FOR RECORDER ONLY M 1t/9 P'rsr Amnn,imenr m i wage AnrMmwN Y244;/Mrnnl Amnrvlmenr m narrw^ Title of Document THIS FQ ECO USE ONLY THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION G%RECORDERRECORD.RBQ Santiago Sunrise Village 1st Amend to Lease - Sec 35 Agr 2443 AGREEMENT #3617 (A360C) M06538, 11-23-99 related FIRST AMENDMENT TO LEASE AGREEMENT lw mwr - --- -- - 3`�3619 THIS FIRST�A ENDM NTT LEASE AGREEMENT NO. ("Amendment") is entered into this, y of o .�e ti 1999 ("Effective Date") by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, a public body, corporate and politic ("Lessor"), and SANTIAGO SUNRISE VILLAGE, a California limited partnership ("Lessee"). RECITALS A. The City of Palm Springs, a municipal corporation ("City"), and Santiago Corporation, a California corporation ("Santiago"), entered into that certain Lease Agreement No. 2443 dated June 29, 1987 and recorded on June 30, 1987 as Instrument No. 185905 in the Official Records of the Riverside County Recorder ("Original Lease") pursuant to which City leased to Santiago certain real property more particularly described therein upon the terms and conditions set forth therein. B. Subsequent to the execution of the Original Lease, (i) City transferred the real property subject to the Lease and assigned the Lease to Lessor; and (ii) Santiago assigned its interest under the Original Lease to Lessee and Lessee assumed all of Santiago's duties and obligations under the Original Lease. C. Lessor and Lessee wish to amend the terms of the Original Lease as more particularly set forth herein. The Original Lease, as amended by this Amendment, shall hereinafter be referred to as the "Lease". D. Lessor and Lessee wish to clarify, pursuant to the terms of this Amendment, the parties' rights with respect to a certain portion of Lessor's real property referred to as Parcel 2 herein, which Lessee has used in connection with its operations upon the Premises, although such Parcel 2 was not included as part of the Premises under the Original Lease. E. Lessor and Lessee wish to settle Lessee's obligation to pay certain development fees under the Original Lease, pursuant to the terms of this Amendment. F. Any capitalized terms not defined herein shall have the meanings ascribed to them in the Original Lease. NOW, THEREFORE, the parties hereto agree as follows: 1. Parcel 2. The parties acknowledge and agree to the following terms regarding an approximate one and sixty-eight hundredths (1.68) acre parcel of real property, located immediately adjacent to the Premises, and specifically described as "Parcel 2" on Exhibit "A" attached hereto and incorporated herein by reference and depicted on Exhibit "B" ("Parcel 2"). The parties acknowledge that before the date of this Amendment, Lessee paid certain taxes upon Parcel 2 while Lessee used such Parcel 2 in conjunction with its operations upon the Premises. F81\383\014 084-0003\33]35.3 a11/17/95 IIIIIII IIIIII IIIII IIIIII II IIIIIIII IIIII III III�IIII IIII 1 /- Santiago Sunrise Village 1st Amend To Lease - Sec 35 Agr 2443 AGREEMENT B360C (A3617) R1089, 11-23-99 related FIRST AMENDMENT TO LEASE AGREEMENT N(r--�—-- — g��96 f l THIS FIRSTA END NT LEASE AGREEMENT NO.� ("Amendment") is entered into this y of qU.¢a � 1999 ("Effective Date") by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, a public body, corporate and politic ("Lessor"), and SANTIAGO SUNRISE VILLAGE, a California limited partnership ("Lessee"). RECITALS A. The City of Palm Springs, a municipal corporation ("City"), and Santiago Corporation, a California corporation ("Santiago"), entered into that certain Lease Agreement No. 2443 dated June 29, 1987 and recorded on June 30, 1987 as Instrument No. 185905 in the Official Records of the Riverside County Recorder ("Original Lease") pursuant to which City leased to Santiago certain real property more particularly described therein upon the terms and conditions set forth therein. B. Subsequent to the execution of the Original Lease, (i) City transferred the real Property subject to the Lease and assigned the Lease to Lessor; and (ii) Santiago assigned its interest under the Original Lease to Lessee and Lessee assumed all of Santiago's duties and obligations under the Original Lease. C. Lessor and Lessee wish to amend the terms of the Original Lease as more Particularly set forth herein. The Original Lease, as amended by this Amendment, shall hereinafter be referred to as the "Lease". D. Lessor and Lessee wish to clarify, pursuant to the terms of this Amendment, the Parties' rights with respect to a certain portion of Lessor's real property referred to as Parcel 2 herein, which Lessee has used in connection with its operations upon the Premises, although such Parcel 2 was not included as part of the Premises under the Original Lease. E. Lessor and Lessee wish to settle Lessee's obligation to pay certain development fees under the Original Lease, pursuant to the terms of this Amendment. F. Any capitalized terms not defined herein shall have the meanings ascribed to them in the Original Lease. NOW, THEREFORE, the parties hereto agree as follows: 1. Parcel 2. The parties acknowledge and agree to the following terms regarding an approximate one and sixty-eight hundredths (1.68) acre parcel of real property, located immediately adjacent to the Premises, and specifically described as "Parcel 2" on Exhibit "A" attached hereto and incorporated herein by reference and depicted on Exhibit "B" ("Parcel 2"). The parties acknowledge that before the date of this Amendment, Lessee paid certain taxes upon Parcel 2 while Lessee used such Parcel 2 in conjunction with its operations upon the Premises. BSl\383\019004-0003\33335 3 all/17/9f 1111111111111111111111111111111111111111111111111 ,vim