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HomeMy WebLinkAbout06320 - POINT CENTER FINANCIAL & PALM SPRINGS COUNTRY CLUB INV LLC SETTLEMENT AGR DOC # 2013-0077750 02/14/2013 11:13A Fee:16.00 Page 1 of 10 Recorded in Official Records County of Riverside Larry W. Ward RECORDING REQUESTED BY: ! Assessor, County Clerk & Recorder City of Palm Springs I III II IIIIiII II I it II II I I II II IIIII III III AND WHEN RECORDED MAIL TO: CITY OF PALM SPRINGS Im R U PAGE SIZE DA MISC LONG RFD COPY James Thompson, City Clerk ' 3200 E. TahqultZ Canyon Way A L 465 426 PCOR NCOR SMF NCHG EXAM Palm Springs, CA 92262 (,0 fa1W T: I CTY UNI Space above this line for Recorder's Use EXEMPT FROM RECORDER'S FEE PER GOV. CODE §27383 RELEASE OF LIEN ,� 043 Notice is hereby given that that the public nuisance abatement lien and special assessment established by Resolution Number 22462 of the Palm Springs City Council against the property located at 2500 Whitewater Club Drive, in the City of Palm Springs, and recorded in the Official Records of the Office Of The County Recorder of Riverside, California, on May 13, 2009 as Instrument Number 2009-0239443 of the Official Records of said County, with respect to that certain real property located in said County and commonly known as Assessor's Parcel Numbers 501-190-002-2, 501-190-011-0, 669-480-027-6, and 669-590-066-1, which is more particularly described in Palm Springs City Council Resolution Number 22462 and the Exhibits thereto, which are attached hereto and incorporated herein as Exhibit A, is hereby released, the obligations thereunder having been fully satisfied as to said real property. Dated: January 28, 2013 CITY OF PALM SPRINGS By: Terry Tat* City Building Official ATTEST: mes Thompson, City Clerk 904809.1 ACKNOWLEDGMENT OF INSTRUMENT (Cal. Civil Code Section 1181) State of California ) County of Riverside ) ss. City of Palm Springs ) On January 28, 2013, before me, JAMES THOMPSON, CITY CLERK, CITY OF PALM SPRINGS CALIFORNIA, personally appeared TERRY TATUM, who I personally know is the CITY BUILDING OFFICIAL of the CITY OF PALM SPRINGS whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his official and authorized capacity on behalf of the City of Palm Springs, a California Charter City. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. Witness my hand and the official seal of the City of Palm Springs, California, this 28th day of January, 2013: p ALM g ;ot p9i Q U N � ep q I O RN\ SignatureXA ES THOMPS0N, CITY CLERK of Palm Springs, California Title or Type of Document: Release of Lien Resolution Number 22462 for 2500 Whitewater Club Drive Document Date: January 28, 2013 Number of Pages: 10, including this page DOC # 2009-0239443 05/13/2009 08:00A Fee:NC Page 1 of a Recorded in official Records RECORDING REQUESTED By: County of Riverside CITY OF PALM SPRINGS As&essor, County Clerk & Recorder 1Larry {I�tW..IWard I1 I 1 I I{1 AND WHEN RECORDED MAIL TO: MIlVII��I`I�I{I11 IIIII IIIII IIIIII III�I 11I IIIII IIII111I City of Palm Springs — - - -P. O. Box 2743 S R U PAGE SIZE CA MISC L )NGj RFD I COPY Palm Springs, CA 92263 Attn: Office of the City Clerk M A I L 465 420 PCOR NOOR SMF CI•I T GTY UNI CCC_WWW�illl Filing fee EXEMPT per Government Code 6103 Resolution No. 22462 Confirming the Report of Proceedings and Accounting for the Public Nuisance Abatement Lien and Special Assessment for the Property Located at 2500 Whitewater Club Drive Title of Document THIS AREA FOR RECORDER ' S USE ONLY THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION (VAO Addidmal Recording Fee Applies) RESOLUTION NO. 22462 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, CONFIRMING THE REPORT OF PROCEEDINGS AND ACCOUNTING FOR THE PUBLIC NUISANCE ABATEMENT LIEN AND SPECIAL ASSESSMENT LOCATED AT 2500 WHITEWATER CLUB DRIVE. WHEREAS, from November 2006 through July 2008, the Code Enforcement Department of the City of Palm Springs conducted numerous site inspections, issued notices of violation and administrative citations resulting from the public nuisances found to exist on the property described as 2500 Whitewater Club Drive, Palm Springs, California, notifying the owners to abate the public nuisances within 30 days of the citation and/or violation; and WHEREAS, following the expiration of 30 days after the third administrative citation provided notice to the owner and other interested parties concerning the City's Notice of Violation and Order to Abate, the City of Palm Springs applied for and obtained an Abatement Warrant (Warrant No. ISW7183) from the Riverside County Superior Court on July 25, 2008, that was issued by the Honorable Randall D. White, Judge of the Superior Court; and WHEREAS, on and between July 28, 2008, and September 25, 2008, the City of Palm Springs, through its City staff and City contractors, executed the Abatement Warrant on the property described as 2500 Whitewater Club Drive, Palm Springs, California, and thereby labored to remove all public nuisances existing on said property; and WHEREAS said property is shown as Assessor's Parcel Nos. 501-190-002-2, 501-190- 011-0, 669-480-027-6, and 669-590-066-1 on the Legal Description (attached hereto as Exhibit"A"); and WHEREAS the Director of Building and Safety has reported that notices required in accordance with Chapter 11.72 of the Palm Spring Municipal Code have been given and that the owner and other interested parties have refused to comply; and WHEREAS pursuant to said Code and Division 13, part 1.5 of the Health & Safety Code, Title 4, Division 3, Part 2, Chapter 10, Article 6 of the Government Code and Califomia Code of Regulations, Title 25, Chapter 1, Subchapter 1, of the State of California, the City thereupon abated the public nuisance located on the property described above. llll�lfllt1�11 lilt 1111(11111111111111111 e52e�6239443 Resolution No.22462 'Page 2 THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the City Council hereby approves the Report of Proceedings and Accounting (attached hereto as Exhibit `B°) of the costs in the total amount of $60,443.00. SECTION 2. That a special assessment lien in the amount of $60,443.00 is hereby imposed upon the property hereinabove described. SECTION 3. That a certified copy of this Resolution, together with a certified copy of the Notice of Lien and the Report be filed with the Riverside County Auditor-Controllers office. SECTION 4. That the Riverside County Auditor-Controller is respectfully requested to enter the amount of the assessment on the County Tax Roll opposite the parcel of land referred to, and that thereafter said amount shall be collected at the same time and in the same manner as ordinary municipal taxes. SECTION 5. That a certified copy of this Resolution, together with a certified copy of the Notice of Lien and the Report shall be recorded with the Riverside County Recorder's office. ADOPTED this 15t' day of April, 2009. David H. Ready, ager ATTEST: /Imes Thompson, City Clerk i 1111111111II IIIIIIIIIIIIIIIIIIIIIINIINIIIIIINII 38f8$soot Resolution No.22462 'Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 22462 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on the 15th day of April, 2009, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Weigel, Mayor Pro Tern Mills, and Mayor Pougnet. NOES: None. ABSENT: None- ABSTAIN: None. kofesThompson, City Clerk / 2Palm Springs, California e) f CEfti1FIED COPY I ow*that this is a true and comma[copy of the docamerit on file in the official records of the City of Palm Springs. Depuy City Clerk This cerdgcation must appear In blue with an original Signature. I��III�IIII�I I��I�I�l�II�I�IIII fl��I�I I II�I�III B5 IV48 388:99F EXHIBIT"A" j (LEGAL DESCRIPTION) I I PARCEL 1: THE NORTHEAST QUARTER OF SECTION 1, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BEiRNARDINO MERIDIAN, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,ACCORDING TO THE OFFICIAL PLATTI-TEREOF. EXCEPT ANY PORTION LYING WITHIN THE FOLLOWING SUBDIVISIONS: A. DESERT PARK ESTATES NO. 10,AS PER MAP RECORDED IN BOOK 33, PAGE(S)20 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. B. RANCH COUNTRY CLUB ESTATES NO, 1, AS PER MAP RECORDED IN BOOK 36, PAGE(S) 64 OF MAPS,IN THE OFFICE OF THE-RECORDER OF SAID COUNTY. C. TRACT NO. 436Z AS PER MAP RECORDED IN BOOK 70, PAGE(S) 89 AND 90 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. 0. TRACT NO. 4326-1, AS PER,MAP RECORDED IN BOOK 81, PAGE(S)29 AND 30 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. E. TRACT 9317, AS PER MAP RE60RDED IN BOOK 91, PAGE(S) 44 AND 43 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. F. TRACT 14029, AS PER MAP RECORDED IN BOOK 112, PAGE(S)61 AND 62 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL.2:' LOT 1 OF RANCH COUNVY ESTATES NO. 1, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF C41rOF IA, AS PER MAP RECORDED IN BOOK 36, PAGE(S) 54 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL 3: PARCEL 1 OF THAT LOT LINE ADJUSTMENT NO. 02-12 RECORDED FEBRUARY 26; 2004 AS INSTRUMENT NO. M04-134481 OF OFFICIAL RECORDS, DESCRIBED AS FOLLOWS: A PARCEL OF LAND, SITUATED IN THE CITY OF PALM SPRINGS, COUNTY OF RXNE ORE,STATE OF CALIFORNIA, LYING OVER A PORTION OF THE SOUTHWEST QUARTER OF SECTION 36, TOWNSHIP 3 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTH QUARTER CORNER OF SAID SECTION 35; TIiENCE, ALONG THE NORTH-SOUTH CENTERLINE OF SAID SECTION 36, NORTH 0° 1V 430 EAST 420.46 FEET; THENCE, LEAVING SAID NORTH-SOUTH CENTERLINE NORTH 890 59' 13-'WEST 8B.65 FEET; THENCE NORTH 380 42'39'WEST 476.26 FEET; THENCE NORTH 470 46'07"WEST 450.07 FEET; IAlill III�III IIII II�I�III��I�IIII�II��II I�III III�I�I 2fl95eof 8e4s 3 eR THENCE NORTH 610 23'04"WEST 329.68 FEET; THENCE NORTH 7..80 04' 13"WEST 200.02 FEET; THENCE SOUTH 800 57 45"WEST 440.06 FEET; THENCE SOUTH 750 05'43"WE57 318.05 FEET; THENCE SOUTH 580 00'SS"11YT:ST 386.18 FEET; THENCE SOUTH 50 14' 30" EAST 769.65 FEET TO THE INTERSECTION OF A LINE PARALLEL TO AND 554.00 FEET EASTERLY, WHEN MEASURED AT RIGHT ANGLES, TO THE WEST LINE OF SAID SECTION 36, WITH A LINE PARALLEL TO AND 360.00 FEET NORTHERLY, WHEN MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 36; THENCE, ALONG SAID LINE PARALLEL TO THE WEST LINE OF SAID SECTION 36, SOUTH 00 1S- 30"WEST 300.00 FEET,TO THE SOUTH LINE OF SAID SECTION A, THENCE,ALONG SAID SOUTH LINE OF SECTION 36, SOUTH 890 4Y 52" EAST 2,100.33 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THAT PORTION OF SAID PARCEL OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID SECTION 35; THENCE, ALONG THE SOUTH LINE OF SAID SECTION 36, SOUTH 890 45 52" EAST 814.00 FEET; THENCE, LEAVING SAID SOUTH LINE, PARALLEL TO THE WEST LINE OF SAID SECTION 36, NORTH 00 15' 30" EAST 300.00 FEET TO A LINE PARALLEL TO AND 300.00'FEET NORTHERLY OF SAID SOUTH LINE OF SECTION 36 AND THE TRUE PONT OF BEGTNIJ]NG; THENCE, ALONG SAID LINE PARALLEL TO THE SOUTH LINE OF SECTION 35,SOUTH 890 45' Sr EAST 718.85 FEET; THENCE, LEAVING SAID PARALLEL LINE,SOUTH 890 35'48"EAST 417.44TEET; THENCE SOUTH 880 10'53"EAST 116.51 FEET; THENCE NORTH 490 27 44"EAST J-07.85 FEET; THENCE NORTH 450 27 43"WEST 330.33 FEET; THENCE NORTH 820 49 28"WEST 19.54 FEET; THENCE NORTH 53011'47"WEST 872.71 FEET; THENCE SOUTH 740 ST 13"WEST 528.72 FEET; THENCE SOUTH 00 08'38"WEST 30.73 FEET; THENCE SOUTH 720 41'33"WEST 113.63 FEET, THENCE SOUTH 30 29'01"EAST 610.32 FEET TO THE TRUE POINT OF BEGINNING. PARCEL 4; THAT PORTION OF THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION- 36, TOWNSHIP 3 SOUTH, RANCE 4 EAST, SAN BERNARDINO MERIDIM, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,ACCORDING TO THE OFFICIAL PLAT THEREOF, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 890 SZ 00" EAST, ALONG THE SOUTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER,A DISTANCE OF 240.00 FEET; THENCE NORTH 700 00'00"WEST, 105.00 FEET; THENCE SOUTH 750 12'28"WEST, 59.03 FEET; THENCE NORTH 310 00' 00" WEST, A DISTANCE OF 163.00 FEET, TO A POINT ON THE WEST LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 00 06' 30" WEST, ALONG SAID WEST LINE, A DISTANCE OF 160.00 FEET TO THE POINT OF BEGINNING. IIIIIIIIIIIIIIIIIIIIIIII�II�IIII11111111111111111111( 052 g 13" 0g88p pa SCHEDULE B AT THE DATE HEREOF EXCEP71ONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN THE POLICY FORM DESIGNATED ON THE FACE PAGE OF THIS REPORT WOULD BE AS FOLLOWS: A. GENERAL AND SPECIAL PROPERTY TAXES,AND ANY ASSESSMENTS COLLECTED WITH TAXES, INCLUDING UTILITY ASSESSMENTS, ARE A LIEN NOT YET PAYABLE TO BE LEVIED FOR THE FISCAL YEAR 200812009. B. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENP OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007-2WB. AMOUNT TO REDEEM PRIOR TO JULY 31,2008: $8,817.30 AMOUNT TO REDEEM PRIOR TO AUGUST 31, 2W8: $6,835.45 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $9,053.60 CODE NO.: 011-059 PARCEL NO., 501-190-=-2 C. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 7A072008. AMOUNT TO REDEEM PRIOR TO JULY 31,2008, $27,518.83 AMOUNTTO REDEEM PRIOR TO AUGUST 31, 2008: $77,808.57 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $28,258.31 CODE NO.: 011-003 PARCEL NO.: 501-190-011-0 D. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NOWPAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007-200B. AMOUNT TO REDEEM PRIOR TO JULY 31, Z008: $8,964.99 AMOUNT TO REDEEM PRIOR TO AUGUST 31,2008: $9,085.13 AMOUNT TO REDEEM PRIOR TO SEFrEMBEt 30,2008: $9,205.27 CODE NO.: 01i-011 PARCEL NO.: 669-480.027-6 E. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007/200. AMOUNT TO REDEEM PRIOR TO JULY 31, 2008: $134.27 AMOUNT TO REDEEM PRIOR TO AUGUST 31,2008: $135.61 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $136.95 CODE NO.: 011-062 PARCEL NO.: 669-590-066-1 III IN EXHIBIT "B" PROCEEDINGS AND ACCOUNTING REPORT PUBLIC NUISANCE ABATEMENT I LOCATION/LEGAL: See Exhibit"A"attached hereto. Assessor's Parcel Numbers: 501-190-002-2, 501-190-011-0, 669-480-027-6, 669-590-066-1 Address: 2500 Whitewater Club Drive,Palm Springs,California II OWNER OF RECORD: Palm Springs Country Club Investments,LLC 30900 Rancho Viejo Rd., Suite 100 San Juan Capistrano, CA 92675 Note: The LLC is comprised of 92 individual investors and National Financial Lending, and is managed by Point Center Financial, which is also responsible for maintenance of the property located at 2500 Whitewater Club Drive,Palm Springs,California. III PROCEDURE: A. Public Nuisance Posting: 01/02/2008, 02/11/2008, 03/1012008,06/03/2008 B. Non-Compliance: 11/9/2007 through present C. Bid Solicitation: 07/28/2008, 8/18/2008, 9/18/2008 D. Obtain Abatement Warrant: 07/25/2008, 08/11/2068, 08/77/2o08,09/11/2008 E. Abatement Work Complete: 09/25/2008 F. Notice of Special Assessment: 03/30/09 IV: ACCOUNTING: Abatement: $ 8,775.00 Administrative: $24,745.00 City Attorney: $26,923.00 Total: S 60.443 N DU WORTTI,CBO Director of Building& Safety 2AB8-923944•'+ I�IlIlRill llll Rill 1111111111111111111111111 � 3,a of 9 DOC # 2013-0077749 02/14/2013 11:13A Fee:NC ' Page 1 of 18 Recorded in Official Records County of Riverside Larry W. Ward RECORDING REQUESTED BY: 11111111111111111111111111111111111111111111111111111111Assessor, County Clerk & Recorder City of Palm Springs AND WHEN RECORDED MAIL TO: FM R U PAGE SIZE DA MISC LONG RFD COPY James Thompson, City Clerk 3200 E. TahqultZ Canyon Way A L 465 426 PCOR NCOR SMF NCH EXAM Palm Springs, CA 92262. t.�ktF}�, Lc�_ r: I CTv I UNi J Space above this line for Recorder's Use 6r EXEMPT FROM RECORDERS FEE PER GOV. CODE §§6103 AND 27383 �J MEMORANDUM OF SETTLEMENT AGREEMENT AFFECTING REAL PROPERTY 043 Palm Springs Country Club Investments, LLC is the owner of certain real property located at 2500 Whitewater Club Drive, in the City of Palm Springs, County of Riverside, State of California (hereinafter the "Property"). Said Property is commonly known as Assessor's Parcel Numbers 501-190-002-2, 501-190-011-0, 669-480-027-6, and 669-590-066-1, and is more particularly described as set forth in Exhibit 1, which is attached hereto and incorporated herein by reference. On or about December 7, 2012, Palm Springs Country Club Investments, LLC, entered into a settlement agreement and mutual release with the City of Palm Springs to resolve certain disputes related to the maintenance of said Property. The December 7, 2012 settlement agreement and mutual release is attached hereto as Exhibit 2 (hereinafter "Settlement Agreement"). The Settlement Agreement created certain rights and obligations related to the Property, which are binding on Palm Springs Country Club Investments, LLC, and which were to become a covenant running with the land, thus binding subsequent purchasers of the Property, and making said rights and obligations, the rights and obligations of any future purchaser of the Property. Specifically, Palm Springs Country Club Investments, LLC, has a continuing obligation to adhere to the terms of a "Ground Maintenance Agreement", which was attached to the Settlement Agreement and referenced as Exhibit A to said Settlement Agreement, and which is included in Exhibit 2 to this Memorandum. The Ground Maintenance Agreement requires Palm Springs Country Club Investments, LLC to perform certain acts related to the maintenance of the Property as more fully described in the Ground Maintenance Agreement. (See, Exhibit 2 to this Memorandum) Further, pursuant to both the Settlement Agreement, and the Ground Maintenance Agreement itself, the Ground Maintenance Agreement shall be a covenant running with the land, which shall bind all future purchasers of the Property, and shall obligate all future purchasers of the Property to adhere to the terms of the Ground Maintenance Agreement, and which shall be enforceable against any such future purchaser by the City of Palm Springs. 909977.1 By this Memorandum, Palm Springs Country Club Investments, LLC and the City of Palm Springs wish to memorialize the Settlement Agreement and provide constructive notice of this Settlement Agreement and the covenant affecting the Property created thereby to any future purchasers of said Property. This Memorandum is intended to give record notice of the Settlement Agreement and its terms, but shall in no way affect or modify the provisions of the Settlement Agreement or the Ground Maintenance Agreement. The undersigned, as the duly authorized representative of the owner of the Property, Palm Springs Country Club Investments, LLC, intends, on behalf of Palm Springs Country Club Investments, LLC,and on behalf of any successive owner of the Property as described herein, to forever bind said owner to comply with the obligations of the Settlement Agreement and Ground Maintenance Agreement as more fully described and pursuant to the terms contained therein. P SPRINGS OUNTRY CLUB ESTMENTS, LC DATED: p'Z—I — oZ O 13 By: Dan J. Center Financial, Stp4,, as NaaE-of Palm prings - Country lub Investments, LLC 9OW77.t ACKNOWLEDGMENT State of California County of On �' `3 before me, / " ' C�II/�2n �P�IGLnSon� lNOTQry� �iG (insert name and title of the officer) personally appeared who proved to me on the basis of satisfactory evidence4obe 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. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. M.GWEN MELANSON Commission # 1886717 Notary Public •California Orange County 09;conrun. Ex Tres Ma 1,2014 Signature (Seal) EXHIBIT 1 (LEGAL DESCRIPTION) PARCEL 1: THE NORTHEAST QUARTER OF SECTION 1, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO MERIDIAN, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE,STATE OF CALIFORNIA,ACCORDING TO THE OFFICIAL PLATTHEREOF, EXCEPT ANY PORTION LYING WITHIN THE FOLLOWING SUBDIVISIONS: A. DESERT PARK ESTATES NO. 10,AS PER MAP RECORDED IN BOOK 33,PAGE(S)2D OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. B. RANCH COUNTRY CLUB ESTATES NO, 1,AS PER MAP RECORDED IN BOOK 36, PAGE(S) 64 OF MAPS,IN THE OFFICE OF THE RECORDER OF SAID COUNTY. C TRACT NO. 4362,AS PER MAP RECORDED IN BOOK 7D, PAIGE(S) 89 AND 90 OF MAPS, IN TT4E OFFICE OF THE 03UM Y RECORDER OF SAID COUNTY. R. T-RACT NO.4326-1, AS PER.MAP RECORDED IN BOOK 81, PAGRS) 29 AND 30 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF WD COUNTY. E. TRACT 9317, AS PER MAP RECORDED IN BOOK 91, PAGECS) 44 AND 45 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. F. TRACT 14029,AS PER MAP RECORDED IN BOOK 112,PAGECS)61 AND 62 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL.2:' LOT 1 OF RANCH OOUN74RY ESTATES NO. 1, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, SPATE OF CAL'PF MIA, AS PER MAP RECORDED IN BOOK 36, PAGE(S) 64 OP MAPS,IN THE OFFICE bFTHE COUNTY RECORDER OF SAID COUNTY. PARCEL 3; PARCEL 1 OF THAT LOT LINE ADJUSTMENT NO. 02-12 RECORDED FEBRUARY 26; 2004 AS INSTRUMENT NO.2004-IW81 OF OFFICIAL RECORDS, DESCRIBED AS FOLLOWS: A PARCEL OF LAND, SITUATED IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE,STATE OF CALIFORNIA, LYING OVER A PORTION OF THE SOUTHWEST QUARTER OF SECTION 36, TOWNSHIP 3 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTH QUARTER CORNER OF SAID SECRON-36; THENCE, ALONG THE NORTH-SOUTH CENTERLINE OF SAID SECTION 36, NORTH 9° 12' 43" EAST 42D.46 FEET; THENCE,LEAVING SAID NORTH-SOUTH CENTERLINE NORTH 89°59'13ff WEST 88'.65 FEET; THENCE NORTH 380 42'39°WEST 476.26 FEET; THENCE NORTH 47°46'07%WEST"450.07 FEET) THENCE NORTH 610 23'04"WEST 329.68 FEET; THENCE NORTH 28"04'13"WEST 200.02 FEET; THENCE SOUTH 800 57'45"WEST 410.06 FEET; THENCE SOUTH 750 05'43"WEST 318.05 FEET; THENCE SOUTH 580 00'S5"WEST 3B6.18 FEET; THENCE SOUTH 50 14'30% EAST 769,65 FEET TO THE INTERSECTION OF A LINE PARALLEL TO AND 554.00 FEET EASTERLY, WHEN MEASURED AT RIGHT ANGLES, TO THE WEST LINE OF SAID SECTION 36, WITH A LINE PARALLEL TO AND 3U0.00 FEET NORTHERLY, WHEN MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 36; THENCE,ALONG SAID LINE PARALLEL TO THE WEST LINE OF SAID SECTION 36 SOUTH 00 15, 30"WEST 300.00 FEET,TO THE SOUTH LINE OF SAID SECTION 36; THENCE,ALONG SAID SOUTH LINE OF SECTION 36,SOUTH 890 4Y 52"EAST 2,100.33 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THAT PORTION OF SAID PARCEL OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST OF SAID SECTION 36; THENCE, ALONG THE SOUTH LINE OF SAID SECTION 36, SOUTH 890 45' 52" EAST 814.00 FEET; THENCE, LEAVING SAID SOUTH LINE, PARALLEL TO THE WEST LINE OF SAID SECTION 36, NORTH 0° 15' 30" EAST 300.00 FEET TO A LINE PARALLEL TO AND 300.00TEET NORTHERLY OF SAID SOUTH LINE OF SECTION 35 AND THE TRUE Pout OF.B'ERWING; THENCE,ALONG SAID LINE PARALLEL TO THE SOUTH LINE OF SECTION 35,SOUTH 890 45'S2" EAST 718,85 FEET; THENCE, LEAVING SAID PARALLEL LINE,SOUTH 890 35,48"EW 417.+VFEET; THENCE SOUTH 880 10'53"EAST 316.61 FEET; THENCE NORTH 490 27'44"EAST 107,85-FEET; THENCE NORTH 450 27 43"WEST 330,33 FEET; THENCE NORTH 820 49'28"WEST 16.54 FEET; 'THENCE NORTH 53° 11'47"WEST 872.71 FEET; THENCE SOUTH 740 57 IF WEST 528.72 FEET; THENCE SOUTH 00 09 38"WEST 30.73 FEET, THENCE SOUTH 720 41'33"WEST 113.63 FEET; THENCE SOUTH 30 29'01"EASE 610.32 FEET TO THE TRUE POINT OF BEGINNING. PARCEL 4: THAT PORTION OF THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION-36, TOWNSHIP 3 SOUTH, RANGE 4 EAST, SAN BERNARDINO MERI-DinN, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,ACCORDING TO THE-OFFICFAL PLAT THEREOF, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 890 52' 00" FAST, ALONG THE SOUTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER,A DISTANCE OF 240.00 FEET; THENCE NORTH 700 00'00"WEST, 105.00 FEET; THENCE SOUTH 75012'28"WEST, 59.03 FEET; THENCE NORTH 310 00' 00" WEST", A DISTANCE OF 163.00 FEET,TO A POINT ON THE WEST LINE OF SAID SOUTH TH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 00 06' 30" WEST, ALONG SAID WEST LINE, A DISTANCE OF 160.90 FEET TO THE POINT OF BEGINNING. EXHIBIT 2 SETTLEMENT AGREEMENT AND MUTUAL RELEASE THIS SETTLEMENT AGREEMENT(this"Agreement"), is made and entered into by and between Point Center Financial, Inc. and Palm Springs Country Club Investments,LLC(collectively,the"PCF Defendants"), on the one hand, and the City of Palm Springs, a Municipal Corporation(the "City"),on the other hand. The City and the PCF Defendants are sometimes referred to herein as "the Parties." RECITALS A. Palm Springs Country Club Investments, LLC currently owns the property located at 2500 Whitewater Club Drive, Palm Springs, California, formerly known as the Palm Springs Country Club(the "Subject Property"). B. On April 21,2008,the City filed a complaint against the PCF Defendants in the Riverside County Superior Court, Case No. INC076710 and subsequently filed an amended complaint for abatement of a public nuisance and civil penalties(collectively, the"Complaint"). C. The Parties hereto desire to settle their respective rights and liabilities arising out of;related to or in connection with the Complaint, and in order to effectuate such a settlement,the Parties have agreed to resolve their disputes in accordance with this Agreement. AGREEMENT NOW,THEREFORE, in consideration of the foregoing,and for other good and valuable consideration,the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 1. Incomoration of Recitals: The foregoing recital of facts is incorporated herein and made a part hereof by this reference. 2. Pent Terms: The total sum of One Hundred Thousand Dollars ($100,000.00)shall be paid by the PCF Defendants to the City by the close of business on December 14,2012. The check will be made payable to The City of Palm Springs and will be delivered to the law firm of Woodruff, Spradlin & Smart, counsel for the City. Other than the obligation to make such payment and the obligation to record the Ground Maintenance Agreement attached as Exhibit"A"hereto, any other obligations by the PCF Defendants under this Agreement shall automatically terminate upon the consummation of any sale, exchange, transfer or other disposition of the Subject Property by the PCF Defendants to a third party. 3, Ground Maintenance Obligations: The PCF Defendants agree to abide by the terms of a ground maintenance agreement, a copy of which is attached hereto as Exhibit"A" and incorporated into this Agreement by this reference(the 'Maintenance Agreement"). Notwithstanding anything to the contrary in this Agreement, the PCF Defendants' obligation to maintain the Subject Property pursuant to this Agreement shall automatically terminate upon the consummation of any sale,exchange,transfer,or other disposition of the Subject Property by PCF to a third parry. The PCF Defendants agree that the Maintenance Agreement shall be recorded against the Property, and that the ground maintenance obligations,as described in the attached ground maintenance agreement(Exhibit"A"), shall be a covenant running with the land and shall forever bind the owner of said Property, and any subsequent purchasers of the Property to adhere to the terms thereof until such time as development of the Property, if any, render the ground maintenance agreement obsolete. The PCP Defendants will take all steps necessary to record the Maintenance Agreement against the Subject Property as soon as practicable,but in any event prior to any sale or transfer of the Subject Property to a third ply. 4. Nuisance Taxes: Upon full payment of the$100,000 settlement check to the City,the City shall release within 10 business days from execution of this Agreement any and all liens against the Subject Property attributable to or caused by the City and shall release and deem paid in full any and all nuisance taxes and/or special assessments against the Subject Property including but not limited to the nuisance tax assessments identified on the 2009 County tax roll (Riverside County Secured Property Tax Bill Nos. 000354801, 000354802, 000462306, and 000462610). The City will also request that the County of Riverside release in full any and all tax assessments, special assessments and/or Bens against the Subject Property attributable to the City of Palm Springs, including but not limited to the nuisance tax assessments identified on the 2009 County tax roll (Riverside County Secured Property Tax Bill Nos. 000354801,000354802, 000462306, and 000462610). The City will provide and record any documentation necessary to accomplish this objective. The City further agrees that,to the extent that any money is owed and payable directly to the City with respect to said nuisance taxes or lien in the form of penalties, late payments, interest, etc., the City shall waive such monies. The Parties agree that the City is not liable under this Agreement for any monies owed by the PCF Defendants directly to the County of Riverside or any entity or agency other than the City. 5. Dismissal of Action: Within five(5) business days from the date of the execution of this Agreement,the City shall dismiss with prejudice the Complaint against all defendants other than Burnett Development Corporation, including but not limited to the PCF Defendants and Defendant National Financial Lending,LLC. This agreement maybe enforced by any party hereto by a motion under California Code of Civil Procedure § 664.6 or by any other procedure permitted by law in the Superior Court of Riverside. 2 6. Tax and Allocation Consequences Resulting From Payment of Settlement- Funds; The City shall assume all risk and responsibility as to any tax consequences resulting to it as a result of this settlement and responsibility for any allocation of the proceeds of the settlement. 7. Binding on Successors and Assigns. This Agreement shall inure to the benefit of and shall bind the Parties hereto and their respective successors and assigns, who shall include their representatives,heirs, trustees, successor trustees,executors, administrators, successors, assigns,agents,managers, family,associates,partners, employers, employees,parents,companies,subsidiaries, affiliates,officers,directors, shareholders,members,accountants,insurers, attorneys,any trust established by them or of which they are the trustee or beneficiary,and any and all entities in which they are a shareholder, member,partner,beneficiary,principal,officer,agent or otherwise. 8. Mutual General Release of All Claims: Except with respect to the obligations set forth in this Agreement,each of the Parties hereby releases the other party from any and all claims,demands, causes of action,rights, liens, losses, damages, obligations, and liabilities of any kind or character, whatsoever(whether known, unknown, or suspected or not suspected), at law or in equity, or otherwise,which either party may now have or claim to have or to have acquired, against any released party,by reason of any matter,thing,event, condition,fact, circumstance or transaction arising out of or relating to the Complaint and the resulting lawsuit(the"Released Claims"). 9; Waiver of California Civil Code Section 1542. Each of the parties acknowledges and agrees that the Released Claims include aA claims,whether known or unknown, suspected or unsuspected. Each of the parties further acknowledges that he may hereafter discovery facts different from or in addition to,those which they now know, or believe to be true with respect to the Released Claims. Nevertheless,the Parties agree that the foregoing release shall be and remain effective in all respects, notwithstanding such different or additional facts,or the discovery thereof, and further hereby expressly waive any and all rights provided in California Civil Code Section 1542 which provides as follows: "A GENERAL, RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE, CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR." 10. Entire Agreement/Modification/Waiver. This Agreement contains the entire agreement of the parties hereto,and supersedes any prior written or oral agreements between them concerning the subject matter contained herein. There are no representations,agreements, arrangements or understandings,oral or written,between the parties hereto, relating to the subject matter contained in this Agreement which are nix 3 fully expressed herein. This Agreement may not be waived, altered,amended or repealed, in whole or in part,except upon the prior written consent of the parties hereto. U. Governing Law. This Agreement is made under and shall be governed by and construed in accordance with the laws of the State of California. 12. Necessary Acts. Each of the parties hereto shall,at the request of any other party, do all acts and execute all documents necessary to effectuate the terms and provisions of this Agreement. 13. Independent Evaluation. Each of the Parties hereto represents that it has been represented or assisted throughout this matter by attorneys and other advisors of its choosing and has made an independent evaluation of this Agreement, and enters into this Agreement based solely upon the advice of its selected advisors and its own independent evaluation and not as the result of any promise,representation or statement of any other Pam hereto that is not expressly set forth in this agreement. Each of the parties hereto further represents that it has read this Agreement and understands the terms used herein and the consequences thereof. 14. No Admission of Liability: Neither the payment of any sum of money nor the execution or performance of this Agreement shall constitute or be construed as an admission of any liability whatsoever by any party hereto. 15, No Waiver by Implication: No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision,whether or not similar,nor shall any such waiver constitute a continuing waiver. No waiver shall be binding,unless executed in writing by the party making the waiver. 16. Representative Capacity. Each person who signs this Agreement in a representative capacity expressly warrants his or her authority to do so. With respect to the City of palm Springs,the City Council has expressly authorized the City's contracted City Attorney,the law firm of Woodruff, Spradlin &Smart APC,to execute this Agreement on its behalf. 17. Construction. The language of each and all paragraphs,terms and/or provisions of this Agreement shall for all purposes be construed according to its fair meaning and not strictly for or against any party hereto and without regard to which party drafted or made changes to all or any portion of this Agreement. 18, Scverability Provision. If any provision of this Agreement shall be held invalid or inoperative, insofar as reasonable and possible, the remainder of this Agreement shall be considered valid and operative and its effect shall be given to the intent manifested by the portion held invalid or inoperative, and the parties authorize any modifications necessary to these provisions held invalid or inoperative so the parties' intent may be carried out. 4 19, No Assignment of Claims: Each party represents and warrants that he, it or she has not assigned,hypothecated,or otherwise transferred any interest in or to any claim he, it or she is releasing herein and agrees to indemnify, defend and hold harmless all parties from any liability,claims,demands, damages, costs, expenses,and attorneys' fees incurred by such parties as a result of the assertion of any claim released hereto by a person asserting to be an assignee or transferee of such claim. 20. Costs and Fees of Litigation. The Parties hereby acknowledge and agree that all attorneys' fees and costs incurred on account of, or in any way related to or arising from,the Complaint, shall be home solely and completely by the party on whose behalf such attorneys' fees and costs were incurred, and the parties other than the party whose behalf such attorneys' fees and costs were incurred shall not in any way be liable or responsible thereof. 21. Counterparts. This Agreement may be executed in separate counterparts. An electronic or facsimile signature shall be regarded as an original signature for purposes of this Agreement and shall have the same force and effect as an original signature upon receipt by the other party. [SIGNATURES CONTAINED ON FOLLOWING PAGE] 5 IN WITNESS WHEREOF,the parties hereto have executed this Agreement as of the date first written above. POINT CENTER FINANCIAL,INC. Dated: /n2/1 Ll0 la' "� V By: rint n me n tT. _ Its: Y,-.'5 -f+— PALM SZ.RINGS COUNTRY CLUB /ANTS,LLCyy��(( Dated: /�� /°� /� h ✓�l�6 By: Point Cent r Financatt Inc its: Member THE CITY OF PALM SPRINGS Dated: I2- `7'l2 By: �it,namel s�.� Mc�r,.rK•. W;z)r.kl �P r n �� F-Xt�l E�I "(� LANDSCAPE GROUND MAINTENANCE AGREEMENT This Landscape Ground Maintenance Agreement(this"Agreement'}is made as of December 7,2012(the"Effective Date"j by and between Palm Springs Country Club Investments,LLC("PSCCI")Point Center Financial,Inc. ('PCF")and the City of Palm Springs (the"City") and shall be enforceable by the City as expressed in the Settlement Agreement entered into between PCP and the City with respect to Riverside Superior Court Case No. INC076710, RECITALS A. PSCCI currently owns the property located at 2500 Whitewater Club Drive,Palm Springs,California, formerly known as the Palm Springs Country Club(the"Subject Property"). B. On April 21,2008,the City filed a complaint against PCF and PSCCI in the Riverside County Superior Court,Case No. INCO76710 and subsequently filed an amended complaint for abatement of a public nuisance and civil penalties in connection with the Subject Property (collectively,the"Lawsuit"). C. In order to resolve the Lawsuit,PCF and PSCCI have agreed to enter into this Agreement. NOW THEREFORE, for good and valuable consideration,receipt and sufficiency of which are hereby acknowledged,the parties hereto agree as follows: AGREEMENT 1, LANDSCAPE MITIGATION 1.1 Retention of Landscape Maintenance Company: PCF agrees,at its sole cost and expense,to retain the services of a third party landscape maintenance company, such as Nissho of California,Inc.,to address the landscaping needs of the Subject Property, Said maintenance shall include, at a minimum (unless due to an unforeseen contingencies not within the control of the PCF Defendants or the inability of the maintenance crew to perform its regular work due to inclement weather or illness),a 2 man crew working 16.1 hours per week from November through April,and a 2 man crew working 5.5 hours per week from May through October to address those issues identified in paragraphs 1.2 through 1.7 of this Agreement. The City,in its sole discretion,may waive this requirement as it deems reasonable. 1.2 Removal of Debris. PCF will ensure that all brush,dead or fallen trees,trash and/or debris are removed from the Subject Property in a timely and reasonable manner so as to avoid blight and prevent fire hazard. 824504.1 1.3 Tree Maintenance: PCF will maintain all existing trees,including tamarisk trees, on the Subject Property and will remove any debris caused by such trees as needed. In the event of a fallen tree,PCF will promptly remove the fallen tree from the premises. 1.4 Abatement of Graffiti: PCF will continue to abate graffiti on the Subject Property as needed. 1.5 Abatement of Weeds: PCF will ensure that weeds are promptly removed from the Subject Property. 1.6 Lawn Mowing: Lawn mowing,where necessary, will take place along the irrigated areas of the Subject Property. 1.7 Dust Mitigation Measures: PCF will continue to enact dust mitigation measures such as hydrospray stabilization as needed among the areas of the golf course which are not being irrigated. The perimeter maintenance road will not be stabilized. 2. ADDITIONAL LANDSCAPE MAINTENANCE PROVISIONS 2.1 PCF agrees that in the event that the City becomes aware of any specific landscape maintenance issue as described in section 1 above,the City,or any of its representatives,shall contact a representative of PCF(or the representative of any subsequent owner of the Property)to advise of the need for immediate maintenance action. Upon receipt of such notification from the City,PCF agrees that it will address such landscape maintenance issue within seven(7)days of said notification. Nothing in this Agreement shall prevent the City from permitting an extension of this seven day period if the City,in its sole discretion,determines that such an extension is warranted. In order to effectuate the provisions of this Agreement,PCF shall designate an individual,in writing,to the City to receive such notice on PCF's behalf. 3. COVENANT. 3.1 Covenant. This Agreement shall be recorded against the Property and shall become a covenant running with the land,which shall bind all future purchasers of said Property, and obligate said future purchasers to adhere to the terms described herein until such time as the development of the Property,if any,makes the terms of this Agreement obsolete. Notwithstanding the foregoing,the City, at its sole discretion,has the authority to release any owner of the Property from the provisions of this Agreement. Wherein this Agreement, reference is made to an act required to be performed by PCF and/or PSCCI,such act shall be deemed to obligate any future owner of the Property in the event of sale or other transfer of the Property. 3.2 Sale of Property: Subject to the continuing obligations of any future purchaser of the Property as described in paragraph 3.1 above,upon the sale of the Property,PSCCI and PCF shall no longer be obligated to adhere to the terms of this Agreement. Page 2 829504.1 4. GENERAL PROVISIONS. 4.1 Amendments. This Agreement may not be amended except by further agreement in writing executed by each party to be bound thereby. 4.2 Severabiiity. Whenever possible each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under all applicable laws. However,if any provision of this Agreement is invalid under any applicable law,such provision shall be ineffective only to the extent of such invalidity without invalidating the remaining provisions of this Agreement. 43 Headings. The captions and headings in this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement. 4.4 Counterparts. This Agreement may be executed in any number of counterparts and each shall be considered an original and together they shall constitute one Agreement. Facsimile and/or electronic signatures shall be considered original signatures for purposes of this Agreement. 4.5 Entire Agreement This Agreement represents the entire understanding between the parties hereto with regard to the subjects described herein and may only be amended by a written instrument signed by the party against whom enforcement is sought, 4.6 Governing Law. This Agreement shall be construed in accordance with,and be governed by,the laws of the State of California,without regard to any rules or principles thereof regarding choice or conflicts of laws. [SIGNATURES CONTINUED ON FOLLOWING PAGE] Page 3 $29504.1 PALM GS COUNTRY CLUB // TIVM S, LLC Dated: By: Point Center F' ncia Its: Member POIN TE FINANCIAL, INC. Dated: By: rint name Its: THE CITY OF PALM SgPdNGS Dated By: ri name c� r�i�, 5£ adi,r-Srvti� } (} n G ME ;A Page 4 923903.1 SETTLE14iiEN'I'AGREEMENT AND MUTUAL RELEASE THIS SETTLEMENT AGREEMENT(this"Agreement"),is made and entered into by and between Point Center Financial, Inc.and Palm Springs Country Club Investments, LLC (collectively,the "PCP Defendants"),on the one hand,and the City of Palm Springs, a Municipal Corporation(the"City"), on the other hand. The City and the PCF Defendants are sometimes referred to herein as"the Parties." RECITALS A. Palm Springs Country Club lnvestments,LLC currently owns the property located at 2500 Whitewater Club Drive,Palm Springs, California; formerly known as the Palm Springs Country Club(the "Subject Property"). & On April 21,200$,the City filed a complaint against the PCF Defendants in the Riverside County Superior Court; Case No. INC076710 and subsequently filed an amended complaint for abatement of a public nuisance and civil penalties(collectively, the"Complaint")'. C. The Parties hereto desire to settle their respective rights and liabilities arising out of,related to or in connection with the Complaint, and in order to effectuate such a settlement,the Parties have agreed to resolve their disputes in accordance with this Agreement. AGREEIREIYT NOW,THEREFORE, in consideration of the foregoing,and for other good and valuable considcration,the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: I. Incor2oration of Recitals: The foregoing recital of facts is incorporated herein and made a part hereof by this reference. 2. Pigment Terms: The total sum of One Hundred Thousand Doltars ($100,Ofl0.00) shall be paid by the PCF Defendants to the City by the close of business on December 14, 2012. The check will be made payable to The City of Palm Springs and will be delivered to the law firm of Woodruff, 5pradlin &Smart, counsel for the City: Other than the obligation to make such payment and the obligation to record the Ground Maintenance Agreement attached as Exhibit "A"hereto; any other obligations by the PCF Defendants under this Agreement shall automatically terminate upon the consummation of any sale, exchange, transfer or other disposition of the Subject Property by the PCF Defendants to a third party. 3, Ground Maintenance Obligations: The PCF Defendants agree to abide by the terms of a ground maintenance agreement, a copy of which is attached hereto as Exhibit "A" and incorporated into this Agreement by this reference(the "Maintenance Agreement"). Notwithstanding anything to the contrary in this Agreement,the PCF Defendants' obligation to maintain the Subject Property pursuant to this Agreement shall automatically terminate upon the consummation of any sale, exchange,transfer, or other disposition of the Subject Property by PCF to a third party. The PCF Defendants agree that the Maintenance Agreement shall be recorded against the Property, and that the ground maintenance obligations, as described in the attached ground maintenance agreement(Exhibit"A"),shall be a-covenant running with the land and shall forever bind the owner of said Property, and any subsequent purchasers of the Property to adhere to the terms thereof until such time as development of the Property,if any, render the ground maintenance agreement obsolete. The PCF Defendants will take all steps necessary to record the Maintenance Agreement against the Subject Property as soon as practicable, but in any event prior to any sale or transfer of the Subject Property to a third party. 4. Nuisance Taxes: Upon full payment of the $100,000 settlement check to the City,the City shall release within 10 business days from execution of this Agreement any and all liens against the Subject Property attributable to or caused by the City and shall release and deem paid in full any and all nuisance taxes and/or special assessments against the Subject Property including but not limited to the nuisance tax assessments identified on the 2009 County tax roll (Riverside County Secured Property Tax Bill Nos. 000354801, 000354802, 000462306, and 000462610). The City will also request that the County of Riverside release in full any and all tax assessments, special assessments and/or liens against the Subject Property attributable to the City of Palm Springs, including but not limited to the nuisance tax assessments identified on the 2009 County tax roll (Riverside County Secured Property Tax Bill Nos. 000354801, 000354802, 000462306, and 000462610). The City will provide and record any documentation necessary to accomplish this objective. The City further agrees that,to the extent that any money is owed and payable directly to the City with respect to said nuisance taxes or lien in the form of penalties, late payments, interest, etc., the City shall waive such monies. The Parties agree that the City is not liable under this Agreement for any monies owed by the PCF Defendants directly to the County of Riverside or any entity or agency other than the City. 5. Dismissal of Action: Within five(5) business days from the date of the execution of this Agreement,the City shall dismiss with prejudice the Complaint against all defendants other than Burnett Development Corporation, including but not limited to the PCF Defendants and Defendant National Financial Lending,LLC. This agreement may be enforced by any party hereto by a motion under California Code of Civil Procedure § 664.6 or by any other procedure permitted by law in the Superior Court of Riverside. 2 5. Tax and Allocation Consequences Resulting From Payment of Settlement Funds. The City shall assume all risk and responsibility as to any tax consequences resulting to it as a result of this settlement and responsibility for any allocation of the proceeds of the settlement. 7. Binding on Successors and Assigns. This Agreement shall inure to the benefit of and shall bind the Parties hereto and their respective successors and assigns, who shall include their representatives,heirs, trustees, successor trustees, executors, administrators, successors, assigns, agents, managers, family,associates,partners, employers, employees, parents, companies,subsidiaries,affiliates, officers, directors, shareholders, members, accountants,insurers, attorneys, any trust established by them or of which they are the trustee or beneficiary, and any and all entities in which they are a shareholder, member,partner, beneficiary,principal, officer, agent or otherwise. 8. Mutual General Release of All Claims: Except with respect to the obligations set forth in this Agreement;each of the Parties hereby releases the other party from any and all claims,demands,causes of action,rights, liens, losses, damages, obligations, and liabilities of any kind or character,whatsoever(whether known, unknown, or suspected or not suspected), at law or in equity, or otherwise,which either party may now have or claim to have or to have acquired, against any released party, by reason of any matter, thing, event, condition, fact, circumstance or transaction arising out of or relating to the Complaint and the resulting lawsuit(the"Released Claims"). 9. Waiver of California Civil Code Section 1542. Each of the parties acknowledges and agrees that the Released Claims include all claims, whether known or unknown, suspected or unsuspected. Each of the parties further acknowledges that he may hereafter discovery facts different from or in addition to, those which they now know, or believe to be true with respect to the Released Claims. Nevertheless,the Parties agree that the foregoing release shall be and remain effective in all respects, notwithstanding such different or additional facts, or the discovery thereof,and further hereby expressly waive any and all rights provided in California Civil Cale Section 1542 which provides as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR," 10. Entire Agreement/Modification/Waiver, This Agreement contains the entire agreement of the parties hereto,and supersedes any prior written or oral agreements between them concerning the subject matter contained herein. There are no representations, agreements, arrangements or understandings, oral or written,between the parties hereto, relating to the subject matter contained in this Agreement which are not 3 fully expressed herein. This Agreement may not be waived,altered,amended or repealed, in whole or in part, except upon the prior written consent of the parties hereto. 11. Governing Law. This Agreement is made under and shall be governed by and construed in accordance with the laws of the State of California. 12. Necessary Acts. Each of the parties hereto shall, at the request of any other party, do all acts and execute all documents necessary to effectuate the terms and provisions of this Agreement. 13. Independent Evaluation. Each of the Parties hereto represents that it has been represented or assisted throughout this matter by attorneys and other advisors of its choosing and has made an independent evaluation of this Agreement, and enters into this Agreement based solely upon the advice of its selected advisors and its own independent evaluation and not as the result of any promise,representation or statement of any other party hereto that is not expressly set forth in this agreement. Each of the parties hereto further represents that it has read this Agreement and understands the terms used herein and the consequences thereof 14. No Admission of Liability: Neither the payment of any sum of money nor the execution or performance of this Agreement shall constitute or be construed as an admission of any liability whatsoever by any parry hereto. 15. No Waiver by Implication_ No waiver of any of the provisions of this Agreement shall be deemed, or shalt constitute, a waiver of any other provision,whether or not similar,nor shall any such waiver constitute a continuing waiver. No waiver shall be binding, unless executed in writing by the party making the waiver. 16. Representative Capacity. Each person who signs this Agreement in a representative capacity expressly warrants his or her authority to do so. With respect to the City of Palm Springs, the City Council has expressly authorized the City's contracted City Attorney, the law firm of Woodruff, Spradlin & Smart APC, to execute this Agreement on its behalf. 17. Construction. The language of each and all paragraphs,terms and/or provisions of this Agreement shall for all purposes be construed according to its fair meaning and not strictly for or against any party hereto and without regard to which party drafted or made changes to all or any portion of this Agreement. 18, Seyerability Provision. If any provision of this Agreement shall be held invalid or inoperative, insofar as reasonable and possible, the remainder of this Agreement shall be considered valid and operative and its effect shall be given to the intent manifested by the portion held invalid or inoperative, and the parties authorize any modifications necessary to these provisions held invalid or inoperative so the parties' intent may be carried out. 4 19, No Assignment of Claims: Each party represents and warrants that he, it or she has not assigned,hypothecated,or otherwise transferred any interest in or to any claim he,it or she is releasing herein and agrees to indemnify, defend and hold harmless all parties from any liability,claims, demands, damages, costs, expenses, and attorneys' fees incurred by such parties as a result of the assertion of any claim released hereto by a person asserting to be an assignee or transferee of such claim. 20. Costs and Fees of Litigation. The Parties hereby acknowledge and agree that all attorneys' fees and costs incurred on account of, or in any way related to or arising from,the Complaint, shall be borne solely and completely by the party on whose behalf such attorneys' fees and costs were incurred, and the parties other than the party whose behalf such attorneys' fees and costs were incurred shall not in any way be liable or responsible thereof. 21. Counterparts. This Agreement may be executed in separate counterparts. An electronic or facsimile signature shall be regarded as an original signature for purposes of this Agreement and shall have the same force and effect as an original signature upon receipt by the other party. [SIGNATURES CONTAINED ON FOLLOWING PAGE] 5 IN WITNESS WHEREOF,the parties hereto have executed this Agreement as of the date first written above. POINT CENTER FINANCIAL, INC, Dated By: rint name J. Its: t�isrdeH,� PALM RINa5 COUNTRY CLUB gNT. _LC Dated: l al761 - BPoint r rinanciTln Its: Member THE CITY OF PALM SPRINGS Dated: \Byme Fxoll.�xr tf P\,k LANDSCAPE GROUND MAINTENANCE AGREEMENT This Landscape Ground Maintenance Agreement(this"Agreement")is made as of December 7,2012(the"Effective Date")by and between Palm Springs Country Club Investments,LLC("PSCCI")Point Center Financial,Inc.('PCF") and the City of Palm Springs (the "City") and shall be enforceable by the City as expressed in the Settlement Agreement entered into between PCF and the City with respect to Riverside Superior Court Case No. 1NC076710. RECITALS A. PSCCI currently owns the property located at 2500 Whitewater Club Drive,Palm Springs,California,formerly known as the Palm Springs Country Club (the"Subject Property"). B. On April 21, 2008,the City filed a complaint against PCF and PSCCI in the Riverside County Superior Court,Case No.INCO767I0 and subsequently filed an amended complaint for abatement of a public nuisance and civil penalties in connection with the Subject Property (collectively,the "Lawsuit"). C. In order to resolve the Lawsuit,PCF and PSCCI have agreed to enter into this Agreement. NOW THEREFORE,for good and valuable consideration,receipt and sufficiency of which are hereby acknowledged,the parties hereto agree as follows: AGREEMENT 1. LANDSCAPE MITIGATION 1.1 Retention of Landscape Maintenance Company: PCF agrees, at its sole cost and expense,to retain the services of third party landscape maintenance company, such as Nissho of California,Inc.,to address the landscaping needs of the Subject Property. Said maintenance shall include,at a minimum (unless due to an unforeseen contingencies not within the control of the PCF Defendants or the inability of the maintenance crew to perform its regular work due to inclement weather or illness), a 2 man crew working 16.1 hours per week from November through April, and a 2 man crew working 5.5 hours per week from May through October to address those issues identified in paragraphs 1.2 through 1.7 of this Agreement. The City,in its sole discretion,may waive this requirement as it deems reasonable. 1.2 Removal of Debris. PCF will ensure that all brush,dead or fallen trees;trash and/or debris are removed from the Subject Property in a timely and reasonable manner so as to avoid blight and prevent fire hazard. 829504.1 1.3 Tree Maintenance: PCF will maintain all existing trees,including tamarisk trees, on the Subject Property and will remove any debris caused by such trees as needed. In the event of a fallen tree,PCF will promptly remove the fallen tree from the premises. 1.4 Abatement of Graffiti: PCF will continue to abate graffiti on the Subject Property as needed. 1.5 Abatement of Weeds: PCF will ensure that weeds are promptly removed from the Subject Property. 1.6 Lawn Mowing: Lawn mowing,where necessary, will take place along the irrigated areas of the Subject Property. 1.7 Dust Mitigation Measures: PCF will continue to enact dust mitigation measures such as hydrospray stabilization as needed among the areas of the golf course which are not being irrigated. The perimeter maintenance road will not be stabilized, 2. ADDITIONAL LANDSCAPE MAINTENANCE PROVISIONS 2.1 PCF agrees that in the event that the City becomes aware of any specific landscape maintenance issue as described in section 1 above,the City,or any of its representatives,shall contact a representative of PCF(or the representative of any subsequent owner of the Property)to advise of the need for immediate maintenance action. Upon receipt of such notification from the City,PCF agrees that it will address such landscape maintenance issue within seven(7)days of said notification. Nothing in this Agreement shall prevent the City from permitting an extension of this seven day period if the City, in its sole discretion,determines that such an extension is warranted. In order to effectuate the provisions of this Agreement, PCF shall designate an individual,in writing,to the City to receive such notice on PCF's behalf. 3. COVENNANT. 3.1 CovenaLi, This Agreement shall be recorded against the Property and shall become a covenant running with the land,which shall bind all future purchasers of said Property, and obligate said future purchasers to adhere to the terms described herein until such time as the development of Property, if any, makes the terms of this Agreement obsolete. Notwithstanding the foregoing,the City,at its sole discretion,has the authority to release any owner of the Property from the provisions of this Agreement. Where in this Agreement, reference is made to an act required to be performed by PCF and/or PSCCI, such act shall be deemed to obligate any future owner of the Property in the event of sale or other transfer of the Property. 3.2 Sale of Property: Subject to the continuing obligations of any future purchaser of the Property as described in paragraph 3.1 above,upon the sale of the Property,PSCCI and PCF shall no longer be obligated to adhere to the terms of this Agreement. Page 2 929$04.1 4. GENERAL PROVISIOI lS. 4.1 Amendments. This Agreement may not be amended except by further agreement in writing executed by each party to be bound thereby. 4.2 Sev_grahility. Whenever possible each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under all applicable laws. However,if any provision of this Agreement is invalid under any applicable law,such provision shall be ineffective only to the extent of such invalidity without invalidating the remaining provisions of this Agreement. 4.3 Headines. The captions and headings in this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement. 4A Countertsarts. This Agreement may be executed in any number of counterparts and each shall be considered an original and together they shall constitute one Agreement. Facsimile and/or electronic signatures shall be considered original signatures for purposes of this Agreement.. 4.5 Entire Agreement. This Agreement represents the entire understanding between the parties:hereto with regard to the subjects described herein and may only be amended by a written instrument signed by the party against whom enforcement is sought. 4.6 Goverrcina Law. This Agreement shall be construed in accordance with,and be governed by,the laws of the State of California,without regard to any rules or principles thereof regarding choice or conflicts of laws. [SIGNATURES CONTINUED ON FOLLOWING PAGE] Page 3 ar OV t!""S US COUNTRY CLUB // ,LLC Dated: / J ! ?ry By: Point Cen ter Its: Member PO TE FINANCIAL, INC. Dated: / /aly Bp: rint4nme Its:. THB CITY OF PALM S US Dated: f 2- 1 Z By: ri t n�^yaayme f t E K Page 4 xzxso3,� DOC # 2009-0239443 05/13/2009 08:00R Fee:NC Page 1 of 6 Recorded in Official Records RECORDING REQUESTED BY: County of Riverside CRY OF PALM SPRINGS Larry W. Ward Assessor, County ll1Clerk la CO Reco r ld er if AND WHEN RECORDED MAIL TO; I IIIIII IIlll�l{III I ll!IIIII I�I�II IIIII III lllll IIII 101 City of Palm Springs — — —P. O. Box 2743 S R U PAGE SIZE DA MISC LONG RFD GOPY Palm Springs, CA 92263 Attn: Office of the City Clerk M A L 1 465 1 426 PGOR NCOR SMF CH T' GTY UNI S9 Filing fee EXEMPT per Government Code 6103 E� Resolution No. 22462 Confirming the Report of Proceedings and Accounting for the Public Nuisance Abatement Lien and Special Assessment for the Property Located at 2500 Whitewater Club Drive 11tle of Document THIS AREA FOR RECORDER ' S USE ONLY THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION ($3.00 Adchgonal Recording Fee Applies) RESOLUTION NO. 22462 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, CONFIRMING THE REPORT OF PROCEEDINGS AND ACCOUNTING FOR THE PUBLIC NUISANCE ABATEMENT LIEN AND SPECIAL ASSESSMENT LOCATED AT 2500 WHITEWATER CLUB DRIVE. WHEREAS, from November 2006 through July 2008, the Code Enforcement Department of the City of Palm Springs conducted numerous site inspections, issued notices of violation and administrative citations resulting from the public nuisances found to exist on the property described as 2500 Whitewater Club Drive, Palm Springs, California, notifying the owners to abate the public nuisances within 30 days of the citation and/or violation; and WHEREAS, following the expiration of 30 days after the third administrative citation provided notice to the owner and other interested parties concerning the City's Notice of Violation and Order to Abate, the City of Palm Springs applied for and obtained an Abatement Warrant (Warrant No. ISW7183) from the Riverside County Superior Court on July 25, 2008, that was issued by the Honorable Randall D. White, Judge of the Superior Court; and WHEREAS, on and between July 28, 2008, and September 25, 2008, the City of Palm Springs, through its City staff and City contractors, executed the Abatement Warrant on the property described as 2600 Whitewater Club Drive, Palm Springs, California, and thereby labored to remove all public nuisances existing on said property; and WHEREAS said property is shown as Assessor's Parcel Nos. 501-190-002-2, 501-190- 011-0, 669-480-027-6, and 669-590-066-1 on the Legal Description (attached hereto as Exhibit "A'); and WHEREAS the Director of Building and Safety has reported that notices required in accordance with Chapter 11.72 of the Palm Spring Municipal Code have been given and that the owner and other interested parties have refused to comply; and WHEREAS pursuant to said Code and Division 13, part 1.5 of the Health & Safety Code, Title 4, Division 3, Part 2, Chapter 10, Article 6 of the Government Code and California Code of Regulations, Title 25, Chapter 1, Subchapter 1, of the State of California, the City thereupon abated the public nuisance located on the property described above. IIIIl11�I1I1�1N11111111111111fllllllllllllllllllfllll �2�0.2a fieF0@0 Resolution No.22462 'Page 2 THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the City Council hereby approves the Report of Proceedings and Accounting (attached hereto as Exhibit "B") of the costs in the total amount of $60,443.00. SECTION 2. That a special assessment lien in the amount of $60,443.00 is hereby imposed upon the property hereinabove described. SECTION 3. That a certified copy of this Resolution, together with a certified copy of the Notice of Lien and the Report be filed with the Riverside County Auditor-Controller's office. SECTION 4. That the Riverside County Auditor-Controller is respectfully requested to enter the amount of the assessment on the County Tax Roll opposite the parcel of land referred to, and that thereafter said amount shall be collected at the same time and in the same manner as ordinary municipal taxes. SECTION 5. That a certified copy of this Resolution, together with a certified copy of the Notice of Lien and the Report shall be recorded with the Riverside County Recorder's office. ADOPTED this 15�' day of April, 2009. �- David H. Ready, ager ATTEST: /.1, mes Thompson, City Clerk li IIIIIY IlIII�I IIII III1�IIIIIIIIII IIIII III IIIII IIII Ilfl es20A 2 of eas H�saR Resolution No.22462 'Page 3 CERTIFICATION STATE OF CALIFORNIA } COUNTY OF RIVERSIDE CITY OF PALM SPRINGS } I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 22462 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on the 15th day of April, 2009, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Weigel, Mayor Pro Tern Mills, and Mayor Pougnet NOES: None. ABSENT: None. ABSTAIN: None. ;Jes—Th—ompson, 0�City Clerk / g 0 z ao-7 f Palm Springs, California f CERTIFIED COPY j I certfy that this is a true and correct copy of the document on 51e in the official records of the City of Palm Springs. L�- �2 �3,- Depuy City Clerk This certlricaticm must appear In blue with an originzl signature. I l IIINI�IIi�ll IlII�IIII lllll� ill 111111111111111111111 95�30 8�0f08�00R EXHIBIT"An (LEGAL DESCRIPTION) PARCEL 1: THE NORTHEAST QUARTER OF SECTION 1, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO MERIDIAN, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,ACCORDING TO THE OFFICIAL PLATTHEREOF. EXCEPT ANY PORTION LYING WITHIN THE FOLLOWING SUBDIVISIONS: A. DESERT PARK ESTATES NO. 10,AS PER MAP RECORDED IN BOOK 33, PAGE(S)20 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. B. RANCH COUNTRY CLUB ESTATES NO. 1, AS PER MAP RECORDED IN BOOK 36, PAGE(S) 64 OF MAPS,IN THE OFFICE OF THE RECORDER OF SAID COUNTY, C. TRACT NO. 4362, AS PER MAP RECORDED IN BOOK 70, PAGE(S) 89 AND 90 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. D. TRACT NO. 4326-1, AS PEP,MAP RECORDED IN BOOK 81, PAGE(S) 29 AND 30 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. E. TRACT 9317, AS PER;MAP RECORDED IN BOOK 91, PAGE(S) 44 AND 45 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. F. TRACT 14029, AS PER MAP'RECORDED IN BOOK 112, PAGE(S)61 AND 62 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL.2:' LOT 1 OF RANCH COU T,RY ESTATES NO. 1, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALTFOPNTA, AS PER MAP RECORDED IN BOOK 36, PAGE(S) 64 OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL 3; PARCEL 1 OF THAT LOT LINE ADJUSTMENT NO, 02-12 RECORDED FEBRUARY 26; 2004 AS INSTRUMENT NO. 2004-134481 OF OFFICIAL RECORDS, DESCRIBED AS FOLLOWS: A PARCEL OF LAND, SITUATED IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, SPATE OF CALIFORNIA, LYING OVER A PORTION OF THE SOUTHWEST QUARTER OF SECTION 36, TOWNSHIP 3 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTH QUARTER CORNER OF SAID SECTION 35; THENCE, ALONG THE NORTH-SOUTH CENTERLINE OF SAID SECTION 36, NORTH 00 12' 43" EAST 420.46 FEET; THENCE, LEAVING SAID NORTH-SOUTH CENTERLINE NORTH 890 SW 13-'WEST 86.65 FEET; THENCE NORTH 380 42'39"WEST 476,26 FEET; THENCE NORTH 470 46'07"WEST 450.07 FEET; IIIIII I II II IIII I�II� IIII IIIIII II��I III I�I�i�� IIII 05 J3�MS 06409fi THENCE NORTH 610 23'04"WEST 329.68 FEET, THENCE NORTH 7.80 04' 13"WEST 200.02 FEET; THENCE SOUTH 800 57' 45"WEST 440.06 FEET; THENCE SOUTH 750 05'43"WEST 318.05 FEET; THENCE SOUTH 580 00'55"WEST 386.18 FEET; THENCE SOUTH 50 14' 30" EAST 769.65 FEET TO THE INTERSECTION OF A LINE PARALLEL TO AND 554.00 FEET EASTERLY, WHEN MEASURED AT RIGHT ANGLES, TO THE WEST LINE OF SAID SECTION 36, WITH A LINE PARALLEL TO AND 160.00 FEET NORTHERLY, WHEN MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 36; THENCE, ALONG SAID LINE PARALLEL TO THE WEST LINE OF SAID SECTION 36, SOUTH 00 IS' 30"WEST 300.00 FEET,TO THE SOUTH LINE OF SAID SECTION 36; THENCE,ALONG SAID SOUTH LINE OF SECUON 36, SOUTH 990 45' 52" EAST 2,100,33 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THAT PORTION OF SAID PARCEL OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID SECTION 36; THENCE, ALONG THE SOUTH LINE OF SAID SECTION 36, SOUTH 890 45' S20 EAST 814.00 FEET; THENCE, LEAVING SAID SOUTH LINE, PARALLEL TO THE WEST LINE OF SAID SECTION 36, NORTH 00 15' 30" EAST 300.00 FEET TO A LINE PARALLEL TO AND 300.00TEET NORTHERLY OF SAID SOUTH LINE OF SECTION 36 AND THE TRUE POINT G.F BEGINNING; THENCE,ALONG SAID LINE PARALLEL TO THE SOUTH LINE OF SECTION 36,SOUTH 890 45' 52" EAST 718.85 FEET; THENCE, LEAVING SAID PARALLEL LINE,SOUTH 890 35'48"RW 417.44'FEET; THENCE SOUTH 880 10'53"EAST 316.61 FEET, THENCE NORTH 490 27'44"EAST 107,85'FEET) THENCE NORTH 450 27'43"WEST 330.33 FEET; THENCE NORTH 820 49 28"WEST 19.54 FEET; THENCE NORTH 530 11'47"WEST 872.71 FEET; THENCE SOUTH 746 57' 13"WEST 528.72 FEET; THENCE SOUTH 00 08'38"WEST 30.73 FEET, THENCE SOUTH 720 41'33"WEST 113.63 FEET, THENCE SOUTH 30 29'01"EAST 610.32 FEET TO THE TRUE POINT OF BEGINNING. PARCEL 4: THAT PORTION OF THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION- 36, TOWNSHIP 3 SOUTH, RANGE 4 EAST, SAN BERNARDINO MERIDIAN, IN THE CITY OF PALM SPRINGS, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,ACCORDING TO THE-OFFICIAL PLAT THEREOF, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 890 57' 00" EAST, ALONG THE SOUTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER,A DISTANCE OF 240.00 FEET; THENCE NORTH 700 00' DO"WEST 105.00 FEET, THENCE SOUTH 750 12'28"WEST, 59.03 FEET; THENCE NORTH 310 00' 00" WEST, A DISTANCE OF 163,00 FEET, TO A POINT ON THE WEST LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE SOUTH 00 06 30" WEST ALONG SAID WEST LINE, A DISTANCE OF 16DA0 FEET TO THE POINT OF BEGINNING. I111lIIIIIIIIIIiIIIIIIII1111 Hull 1111111 IIIIIIIIIIII 052A8s 0f,a$�R SCHEDULE B AT THE DATE HEREOF EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN THE POLICY FORM DESIGNATED ON THE FACE PAGE OF THIS REPORT WOULD BE AS FOLLOWS: A GENERAL AND SPECIAL PROPERTY TAXES,AND ANY ASSESSMENTS COLLECTED WITH TAXES, INCLUDING UTILITY ASSESSMENTS, ARE A LIEN NOT YET PAYABLE TO BE LEVIED FOR THE FISCAL YEAR 200812009. B. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007-2008. AMOUNT TO REDEEM PRIOR TO 7ULY 31,2008: $8,817.30 AMOUNT TO REDEEM PRIOR TO AUGUST 31, 2D08: $6,935.45 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $9,053.60 CODE NO.: 011-059 PARCEL NO.: 501-190-002-2 C. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007-2008, AMOUNT TO REDEEM PRIOR TO 7ULY 31,200& $27,518.83 AMOUNT TO REDEEM PRIOR TO AUGUST 31, 2008: $77,888.57 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $26,258.31 CODE NO.: 011-005 PARCEL NO.: 501-lw-oli-0 D. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON'-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007-2008. AMOUNT TO REDEEM PRIOR TO 7ULY 31, 2008: $8,964.99 AMOUNT TO REDEEM PRIOR TO AUGUST 31,2008: $9,085.13 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $9,205.27 CODE NO.: 011-011 PARCEL NO.: 669-480-027-6 E. SAID PROPERTY HAS BEEN DECLARED TAX-DEFAULTED FOR NON-PAYMENT OF DELINQUENT TAXES FOR THE FISCAL YEAR 2007/2008. AMOUNT TO REDEEM PRIOR TO 7ULY 31, 2008: $134.27 AMOUNT TO REDEEM PRIOR TO AUGUST 31, 2008: $135.61 AMOUNT TO REDEEM PRIOR TO SEPTEMBER 30,2008: $136,95 CODE NO.: 011-052 PARCEL NO.: 669-590-066-1 i��� Illl�t����II��I Illll IIII�I lull �����IIII III) 05/@V 8�NA EXHIBIT "B" PROCEEDINGS AND ACCOUNTING REPORT PUBLIC NUISANCE ABATEMENT I LOCATION/LEGAL: See Exhibit"A"attached hereto. Assessor's Parcel Numbers: 501-190-002-2, 501-190-011-0,669-480-027-6, 669-590-066-1 Address: 2500 Whitewater Club Drive, Pahn Springs, California II OWNER OF RECORD: Palm Springs Country Club Investments, LLC 30900 Rancho Viejo Rd., Suite 100 San Juan Capistrano, CA 92675 Note: The LLC is comprised of 92 individual investors and National Financial Lending, and is managed by Point Center Financial, which is also responsible for maintenance of the property located at 2500 Whitewater Club Drive, Palm Springs, California. III PROCEDURE: A. Public Nuisance Posting: 01/02/2008, 02/11/2008,03/10/2008,06/03/2008 B. Non-Compliance: 11/9/2007 through present C. Bid Solicitation: 07/28/2008, 8/18/2008, 9/18/2008 D. Obtain Abatement Warrant: 07/25/2008, 08/11/2068, 08/27/2008, 09/11/2008 E. Abatement Work Complete: 09/25/2008 F. Notice of Special Assessment- 03/30/09 IV: ACCOUNTING: Abatement: $ 8,775.00 Administrative: S 24,745A0 City Attorney: $ 26,923.00 Total: 43 0Q N DU KWORTH, CBO Director of Building& Safety II IIi {Illllll11111�Iil�Illll lllll{ll111 IN ®5�3 0 B 8 00R