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JUN 16 2005 16: 47 FIR FRTCO P. S . 760 323 4896 TO 3228325 P .02
Doc tt 2004-0939843
11124/2004 00:00A Feee30,00
RECORDING REQUEST90 NY: Page I of 2 Dec T Tak Paid
rlfat American Mile Company Retarded In Offielal Recards
County of Ri-ervide
AND WHEN RECORDED MAIL TO: Gary L. Ora.
fzasaor, County Clerk 6 Rttorder
�msso 9108cAa22ss IIIIIIIIIIIKII1111NIIIIIIIIIIIIIIIill Hill IT11ll
M a f V no¢ roe of Mail M OR I_srs WO
Title Order No.: 1665722 ♦ a ra•r .aw aErum rwr
-T p vc/ :v// — GRANT DEED
THE UNDERSIGNED GRANTOR(S)DECLARE(S)
DOCUMENTARY TRANSFER TAX is$22,00
[X]computed on full value of property canveyed,or
j j computed on full value less value of(lens or encumbrances remaining at time of sale.
[ j Unincorporated area [JQ City of Palm Springs AND KW
FOR A VALUABLE CONSIDERATION,receipt of which Is hereby acknowledged,
v
S 1 Community Redcvelopmont Agency of the City of Palm Springs,a Body Public
`v hereby GRANT(s)to:
��` Slham Shtxyyeh,an Unmarried Woman
the real property in the City of Palm Springs,County of Riverside,State of California,described es:
e:�. LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT"A"AND MADE A PART HEREOF
J Also Known as: vacant land• Palm springs.CA 92262
Subject to the following restridions:
The property may only be developed for multifamily housing purposes.
The property conveyed hereby is subject to @ non-delinquent general and apedal real property taxes and assessments;and
(ii)matters of record.
DATED November 3,2004 Community Redevelopment Agency of the City of Palm
STATE OF CALIFQQOQffRf WllA Springs,a Body Public
COON OF z/•4fl!„/�.Ci
On_ D c2o0
Befo rtle. � .'Ezarw/{' L, a.LoEA'/Ala
A No ry P,ublb 1 a for said State.po ally ppsarad
personally known to me (eF-6rev=d to mo-on tho bosFrd r - - - "«A ~A — a
Gag ry aAdaiiw} to be the persororwhose name(Lrtp FAWf CUNWHIM013990 I
vbeaibed t whhln Inatrumen!and acknOwleetldggQQqQ� f RM-13��
0 me that
helahe executed the same hiathsr,�' %#""a CO%A*
authorized capaoit and byhfsJh Ignalure(tq I
on the instrument the persoril or the entity upon behalf of yy _**cam.
beria/sba, 7
which the Person0acted,executed tbo Instrument.
WITNESS my hand and official seal,
Signature `L-�'�%«��f dZG� c(y (This area for official notarial seal)
MAIL TAX STATEMENTS TO PARTY OWN BELOW;IF NO PARTY SHOWN,MAIL AS DIRECTED ABOVE;
iq) iSV
Description:Riverside,CA Document-Year.DoclD 2004.939843 Page: I of 2 AQi aC',"{7 PV FRFL
Order:LP-06-16-2005 04-35-48 PM comment.' ��,I,�
t' o ..
JUN 16 2005 16:47 FIR FATCO P.S . 760 323 4896 TO 3228325 P .03
EXMIT "A^
LEGAL,DESCRTPTIOpi
Real property in the City of palm Springs,County of Riverside,State of Caljfomia,descrlhed as
follows:
Parcel 1:
Lot 19 of Desert Highland Estates,as per Maps recorded in Book 24, Pages 53 and 54 of Maps In
the office of the County Recorder of said County.
Parcel 2:
The North Half of Lot 25 of Desert Highland Estates,as shown by Map on file in Soak Z4,pages
53 and 54 of Maps,Records of Riverside County,California.
Description:Riverside,CA DOcumenf-Year:DOoiD 2004.939843 Page:202
Order.•LP-06-16-2005 04-35-48 PM Comment_
** TOTAL PAGE.03
JUN 16 2005 16:47 FIR FRTCO P.S . 760 323 4896 TO 3228325 P. 02
- DOC it 2004---0939t343
11/24/2004 e11:00q Fet:3e,00
RECORDING REQUESTED HY: Peat 1 of 2 Dec T Tax Paid
Reaerdad r� Offieral Records
FliStAmeriwn Tide Company County of Riverside
AND WHEN RECORDED MAIL TO: Gary L.. Ors.
nsstssor, County Clork d Roeordar
Mt.Slham
910a 8htsyyeh
P.0,Box IBill!{l1II111II111{INIIBIIIIII111111111l1lt
Palm Springs,CA 92293
M 3 u rnor an 04 K01, MOtOR-I_w YaC
Tme Order Nrw; 16d5�
'r QIA-
W GRANT DEED
THE UNDERSIGNED GRANTOR(S)DECLARE(S)
DOCUMENTARY TRANSFER TAX 10$22.00
(X computed on full value of property conveyed,or
[ ]computed on hull value less value of liens or encumbrances remaining at time of sale.
[ j Unincorporated area N City of Palm Springs AND KW
FOR A VALUABLE CONSIDERATION,receipt of which Is hereby acknowledged,
1 Community Reuavelopment Agency of the City of Palm Springs,a Body Public
Cv hereby GRANT(s)to:
51ham Shtayyeh,An Uhmarried Woman
the real property in the City of Palm Springs,County of Riverside,State of California,described as:
LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT K AND MADE A PART HEREOF
Also Known as: vacant land- Palm Springs.CA 92262
Subject to the following restrictions.
The property may only be developed for multifamily housing purposes.
no property conveyed hereby is subject to(9 non-delinquent general and spedal real property taxes and assessments;and
(ii)marten of record.
DATED November 3,2004 Community Redevelopment Agency of the City of Palm
STATE OF CALIF IA Springs,a Body Public
COUtJT�OF i1l•4flrJ�.v �-y
or1 Y/pig
BpfO me, ' .�1.4:r1ki L,-G.I/6E KIND B �•'r'�✓� r�-c++//JfJ
�N4tary Publf
;panlbr3ald;Wte pnkppaared
personally known to me (ep•p+eve," mo-en the bast-of r -PAN I.
at�afiry o•Adenoe}to be the parson0whoso name( r
tpf g bubsaitled to within Instrument and aeknowleeddgg���� C�mWtn�it990)a
to ma that hafahe�executed the same hi2IhQrl�e' 4b�grlflC-CaNallo
authortzed cepacit end that by hisM Ignaturo Roe"
on th re e instrument the paonQj,or the enthy upon behalf of ,,,, _ aMCo^Ye•e 0 ahba, 7
which the porson(gacted,executed the instrument. '
WrrNE9S my hand and official seat.
Signature ` 7!G��f re oe (This area for uWal notarial seal)
MAIL TAX STATEMENTS TO PARTY OWN BELOW;IF NO PARTY SHOWN,MAIL AS DIRECTED ABOVE;
L)1( iil)ills $.>�0��/:�t�:;lw
Description:Riverside,CA Document-Year.Doc/D 2004.939843 Page: 1 of2 t ,:{G"-i1 .} D7,
Order. LP-0e-16-2005 04-35-48 PM Comment.'
JUN 16 2005 16:47 FIR FATCO P.S . 760 323 4896 TO 3228325 P .03
EXMIT "A^
LEGAL,DESCRTPTIOpi
Real property in the City of palm Springs,County of Riverside,State of Caljfomia,descrlhed as
follows:
Parcel 1:
Lot 19 of Desert Highland Estates,as per Maps recorded in Book 24, Pages 53 and 54 of Maps In
the office of the County Recorder of said County.
Parcel 2:
The North Half of Lot 25 of Desert Highland Estates,as shown by Map on file in Soak Z4,pages
53 and 54 of Maps,Records of Riverside County,California.
Description:Riverside,CA DOcumenf-Year:DOoiD 2004.939843 Page:202
Order.•LP-06-16-2005 04-35-48 PM Comment_
** TOTAL PAGE.03
Siham Shtayyeh
Exclusive Agr to Negotiate
AGREEMENT #476C
EXCLUSIVE AGREEMENT TO NEGOTIATE R1243 & 1244, 4-7-04
SIHAM SHTAYYEH
THIS EXCLUSIVE AGREEMENT TO NEGOTIATE ("AGREEMENT") , is made this 12_ day of
fijAv , 2004, by and between the PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY("AGENCY"), and SIHAM SHTAYYEH ("DEVELOPER").
RECITALS
The parties entered into this Agreement on the basis of the following facts,understandings,and
intentions:
A. The Agency is a public body, corporate and politic, exercising governmental functions
and powers and organized and existing under the Community Redevelopment Law of the State of
California (Health and Safety Code Sections 33000, et seq.).
B. The Agency desires to effectuate the Redevelopment Plan for the Merged Palm
Springs Redevelopment ProjectArea No. 1 (formerly,the Highland Gateway Project Area)by providing
for the development of a affordable housing units in the Desert Highland Gateway neighborhood (the
"Site").
C. Agency is negotiating a Disposition and Development Agreement with Century Vintage
Homes ("Builder") to construct single-family homes for moderate-income buyers on Agency-owned
parcels. As part of the DDA,the Agency is seeking to acquire parcels through purchase,trade,or other
means for inclusion in the DDA. This Exclusive Agreement is solely for the purpose of acquiring a
single-family home lot for the DDA.
D. The Developer desires to construct and operate several market-rate duplexes in the
area between El Dorado Boulevard and Indian Canyon Drive. The Agency and Developer desire to
trade two small(3,000 s.f.and under 7,000 s.f.)parcels suitable for duplexes for the Developer's 8,000
s.f. parcel on El Dorado Boulevard for inclusion in the Builder's project.
D. The Agency and Developer desire,forthe period setforth herein,to negotiate diligently
and in good faith to prepare an agreement whereby the Developer's parcel would be included in the
Builder's'DDA, and the Agency would convey the two small parcels to Developer.
NOW,THEREFORE,and in consideration of the mutual covenants hereinafter contained, it is
mutually agreed upon by the parties as follows:
SECTION 1. NATURE OF NEGOTIATIONS.
A. Good Faith. The Agency and the Developer agree that for the period set forth in
Section 2 herein they will negotiate diligently and in good faith to prepare and enter into an agreement
(the"DDA")consistentwith the provisions of this Agreement for the development of a residential project
on the Site specified herein. The development will be subject to all rules, regulations, standards, and
criteria set forth in the Redevelopment Plan, the City's General Plan, applicable specific plans and
zoning regulations, and with this Agreement.
B. Site. The Project shall be located upon the following real property,as shown in the"Site
Map,"attached hereto as Exhibit"A"and incorporated herein by this reference.
C. Construction and Ownership Concept. The Developer's design for the duplexes shall
be consistent with the Agency's and the City's design guidelines. Developer's architect shall work with
the City's design guidelines to create a harmonious and attractive residential project with a distinct
identity. The Developer is responsible for financing and constructing all improvements upon the Site.
The Grant Deed conveying the Agency-owned properties to Developer shall contain a declaration of
covenants, conditions, and restrictions to govern the continued operation of the residential project,
including a non-discrimination clause and requirements to maintain the property. No covenants shall
affect the affordability of the Developer-constructed units.
D. Financial Provisions. The Developer is responsible for acquisition of the site and
financing and constructing all improvements upon the Site. Developer shall pay for all necessary public
improvements and pay all City's fees for processing the Project,without assistance from the Agency.
E. Schedule. The Developer's goal is to develop the residential project by June 30,2005,
The Developer's project shall commence construction before December31,2004. The Builder's DDA
shall contain a Schedule of Performance to cover the construction of the single-family homes.
F. Use and Transfer Restrictions. The Exchange Agreement and Grant Deed will generally
be subject to restrictions on use and transfer during construction and for a specified period thereafter
through recorded restrictions (i) to assure that the use will be consistent with and promote the
residential project, (ii) to prevent speculation, (iii) to assure that any transferee has the resources,
capability and experience to successfully develop, market, and operate the residential project, (iv)to
assure long-term maintenance of the project in a productive and attractive condition,and (iv)to provide
an adequate financial return to the Agency.
G. Property Acquisition. The Developer's Parcel is owned by Developer. One of the
Agency parcels is owned by the City of Palm Springs and another is owned by the Agency. During the
period of this Agreement,the Agency and Builder,which will receive Developer's parcel,shall negotiate
a DDA by which the properties would be traded between the Developer and Agency at fair market
value. Nothing in this Agreement conveys the property to the Developer.
H. Exclusivi . The Agency agrees for the period set forth in Section 2 that it will not
negotiate with or enter into any agreement with any other entity for development of the Site, and the
Developer agrees not to negotiate with any other person or entity regarding the development of a
residential project on the Developer's parcel without the approval of Agency.
I. Site Plan/Architecture. The Developer's project which shall be compatible with the
development standards of the community.
SECTION 2. PERIOD OF NEGOTIATIONS.
The period of negotiation shall be one hundred eighty(180)days from the date this Agreement
is signed by the Agency,and this Agreement shall terminate after the expiration of such period unless
extended as follows:
A. For sixty (60) days if an agreement has been prepared by the Agency and executed
by the Developer,and has been submitted to the Agency but has not yet been approved by the Agency
Board; or
B. For thirty(30)days if the major business terms have been agreed to and the Executive
Director determines that further negotiations are likely to result in a written agreement; or
C. By mutual agreement of the parties.
Developer understands and acknowledges that if negotiations culminate in an agreement,such
agreement shall be effective only after and if the agreement has been considered and approved by the
Agency Board after public hearing thereon as required by law.
SECTION 3. DEVELOPER'S RESPONSIBILITIES.
During the period of negotiation, Developer will prepare such studies, reports, and analysis as
shall be necessary to permit Developer to determine the feasibility of its participation in the residential
project. The Developer shall fully cooperate in the development of the Project design and financing
plan. During the period of negotiation and as requested by the Agency,the Developer shall submit to
the Agency the following:
A. Full disclosure of Developer's principals, partners, joint venturers, negotiators,
consultants, professional employees, or other associates of the Developer who are participants or
principals of the Project, and all other relevant information concerning the above.
B. Statement of financial condition in sufficient detail to demonstrate Developer's financial
capabilities,those of its principals, partners,joint venturers, and those of its prospective Developers to
satisfy the commitments necessitated by the Project. To the extent Developer wants such financial
statements to remain confidential,they shall be supplied to the Agency only if the confidentiality of the
statements can be maintained.
C. All information necessary for the design of the Project to meet the Developer's
reasonable requirements. In addition, Developer shall take all actions necessary to obtain construction
and permanent financing.
The Developershall negotiate exclusivelywith the Agency's negotiating team and with no other
persons unless expressly authorized to do so by the Agency's negotiating team. During the period of
negotiations, no statements will be made by the Developer to the media without the approval of the
Agency's negotiating team. No prepared statements shall be released to the media without the mutual
consent of the respective negotiating teams.
SECTION 4. AGENCY'S RESPONSIBILITIES.
A. Preparation of Agreement. If agreement is reached on the business terms for inclusion
in the agreement, the Agency shall prepare such agreement for consideration by the Developer.
SECTION 5. MISCELLANEOUS.
A. No commissions. The Agency shall not be liable for any real estate commission or any
broker's fees which may arise herefrom. The Agency represents that it has engaged no broker,agent,
or finder in connection with this transaction, and the Developer agrees to hold the Agency harmless
from any claim by any broker, agent, or finder retained by the Developer.
B. Ownership of Documents. If the negotiations contemplated by this Agreement do not
result in the execution of an agreement, Developer shall transfer to Agency copies of any reports,
studies, analysis, site plan layouts,development cost estimates,engineering studies, memorandums,
or similar documents regarding the proposed development and prepared during the period of
negotiations,which copies shall become the property of Agency. Such transfer shall be made without
any representation or warranty by the Developer as to the accuracy or sufficiency of the contents of
such documents and shall be made subject to the rights of the preparers of such documents including,
without limitation, the copyright(if any)associated with such documents.
C. Purpose of Contract. It is expressly understood and agreed by the parties hereto that
this is an Agreement regarding the conduct of contract negotiations only and does not convey any
interest in the property whatsoever. it is further agreed and understood that this Agreement does not
imply any obligation on the part of the Agency to enter into any agreement that may result in
negotiations contemplated herein.
D. Amendment. This Agreement may only be amended by a document in writing signed
by the parties hereto.
E. Time for Acceptance. This Agreement,when executed by the Developer and delivered
to the Agency,shall constitute a binding offer which cannot be withdrawn prior to April 30,2004,so that
the Agreement may be presented to the Agency Board. Notwithstanding any other provision herein
to the contrary,Agency shall not be obligated hereunder unless and until the Agency Board authorizes
the Chairman to execute this Agreement.
F. Corporate Authority. The persons executing this Agreement on behalf of the parties
hereto warrant that(i)such party is duly organized and existing, (ii)they are duly authorized to execute
and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is
formally bound to the provisions of this Agreement, and (iv)the entering into this Agreement does not
violate any provision of any other Agreement to which said parry is bound.
IN WITNESS WHEREOF,the parties have executed this Agreement as of the day first above written.
"AGENCY"
COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, a public body,
corporate and politic
Chairman
ATTEST
� >�_ �_,•�;!'2 ,�Li�;� �„n.-"" :�i�li7W'F{ui [�V' 'YLti✓ e.4.YG� :+m'u�a�?JB Y caL'2i:;"W'o
Agency Secretary 11111P ty BY RES. mo. \743 4 \214 ]�•�•Qt�
APPROVED AS TO FORM: R c416 G
Agency CoulLsel
[SIGNATURES CONTINUED ON NEXT PAGE]
"DEVELOPER"
SHAM SHTAYYEH
(Check One:,/'Individifal,._partnership, _corporation)
[NOTARIZED] ----
% ` Signature
Print Name: Sffl Ark A-( `JE E
Print Title:
[NOTARIZED]
Signature
Print Name:
Print Title:
Mailing Address:
(Corporations require two signatures; one from each of the following: (A) Chairman of Board,
President,any Vice President;AND(B)Secretary,Assistant Secretary,Treasurer,Assistant Treasurer,
or Chief Financial Officer.)
[END OF SIGNATURES/NOTARY JURAT(S) FOLLOW]
STATE OF CALIFORNIA )
)ss.
COUNTY OF )
VPIrsec� P
ON MG; 0/ ti � 0 q , before me, y C �l c) S , Notary Public,
�T
personally appeared f d a('It
(or proved to me on the basis of satisfactory evidence) to be the person(S)
whose name( mare-subscribed to the within instrument and acknowledged to me that helshe)they
executed the same in his�l�er t+reir authorized capacity(ies),and that by hi he/their signature(s)on the
instrument the personal, or the entity upon behalf of which the person 'acted, executed the
instrument.
Witness my hand and official seal. [SEAL]
JUDITH A.NICHOLS
COM11 M1261786
aQ -•�I� C r� in IRS,��„�` "' Notary Public-California
wlX e� ', p /rt 60
RIVERSIDE COUNTY 21
Si ture i ✓ A�1Ccnam.Exp.May21,2009
STATE OF CALIFORNIA )
)SS.
COUNTY OF )
ON before me, Notary Public,
personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s)
whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ies),and that by his/her/theirsignature(s)on the
instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the
instrument.
Witness my hand and official seal. [SEAL]
Signature
EXHIBIT"A"
TO EXCLUSIVE AGREEMENT TO NEGOTIATE
LEGAL DESCRIPTION OF THE PROPERTY
The Land is that certain real property located in the City of Palm Springs, County of Riverside, State
of California, more particularly described as follows:
Agency-Owned Parcels
APN 669 414 010 (3710 El Dorado Boulevard) and APN 669 414 018 (3862 El Dorado Boulevard)
Developer-Owned Parcel
APN 669 401 012 (4015 El Dorado Boulevard)