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HomeMy WebLinkAbout00314C - WANTLAND LANE MORRISON BUILDING DDA 513-082-037 PA1B2 Morrison - Disposition & Development Agr Wantland/Lane R18070 AGREEMENT #314 R880, 4-7-93 DISPOSITION AND DEVELOPMENT AGREEMENT By and Between COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS a Public Body, Corporate and Politic and GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust PS2\178\014084-0006\2028581.3 03/29/93 TABLE OF CONTENTS 1. 0 DEFINITIONS . . . . . . . . . . . . . . . . . . . . . 1 1 . 1 CC&Rs . . . . . . . . . . . . . . . . . . . . . . . . 1 1.2 Certificate of Completion . . . . . . . . . . . . . 1 1.3 City . . . . . . . . . . . . . . . . . . . . . . . . 1 1.4 Closing . . . . . . . . . . . . . . . . . . . . . . 1 1. 5 Deed . . . . . . . . . . . . . . . . . . . . . . . . 1 1. 6 Escrow . . . . . . . . . . . . . . . . . . . . . . . 1 1 . 7 Escrow Agent . . . . . . . . . . . . . . . . . . . . 1 1 . 8 Hazardous or Toxic Substances or Materials . . . . . 2 1 . 9 Parcel . . . . . . . . . . . . . . . . . . . . . . . . 2 1 . 10 Project . . . . . . . . . . . . . . . . . . 2 1 . 11 Purchase Price . . . . . . . . . . . . . . . . . . . 2 1 . 12 Redevelopment Plan . . . . . . . . . . . . . . . . . 2 1 . 13 Schedule of Performance . . . . . . . . . . . . . . 2 1. 14 Site . . . . . . . . . . . . . . . . . . . . . . . . 2 1 . 15 Title Company . . . . . . . . . . . . . . . . . . . 3 2 . 0 PURPOSE OF AGREEMENT . . . . . . . . . . . . . . . . 3 3 . 0 DISPOSITION OF THE SITE . . . . . . . . . . . . . . . 3 3 . 1 Ownership of the Parcel and the Site . . . . . . . . 3 3 .2 Purchase and Sale of Site . . . . . . . . . . . . . . 3 3 . 3 Developer Deposit . . . . . . . . . . . . . . . . . . . 3 3 . 4 Opening of Escrow . . . . . . . . . . . . . . . . . . 4 3 . 5 Payment of Purchase Price . . . . . . . . . . . . . . 4 3 .5 . 1 Amount of Purchase Price . . . . . . . . . 4 3 .5 .2 Time and Manner of Payment . . . . . . . . 4 3 . 6 Additional Funds and Documents Required from Developer and Agency . . . . . . . . . . . . . . . . 4 3 . 6 . 1 Developer . . . . . . . . . . . . . . . . . 4 3 . 6 .2 Agency . . . . . . . . . . . . . . . . . . 4 3 . 7 Closing Date; Time of Essence . . . . . . . . . . . . 5 3 . 7 . 1 Closing Date . . . . . . . . . . . . . . . 5 3 . 7.2 Time of Essence . . . . . . . . . . . . . . 5 3 . 8 Title Policy . . . . . . . . . . . . . . . . . . . . 5 3 .9 Conditions Precedent to Close of Escrow . . . . . . . 6 3 . 9 . 1 Conditions to Developer' s Obligations . . . 6 3 . 9 .2 Conditions to Agency' s Obligations . . . . 6 3 . 10 Escrow Provisions . . . . . . . . . . . . . . . . 6 3 . 10 . 1 Escrow Instructions . . . . . . . . . . . . 6 3 . 10 .2 General Escrow Provisions . . . . . . . . . 7 3 . 10 . 3 Proration of Real Property Taxes . . . . . 7 3 . 10 .4 Payment of Costs . . . . . . . . . . . . . 7 3 . 10 .5 Termination and Cancellation of Escrow . . 7 3 . 10 . 6 Information Report . . . . . . . . . . . . 7 3 . 11 Brokerage Commissions . . . . . . . . . . . . . . . 8 FS2\178\014084-0006\2028581.3 03/29/93 -1- • 0 3 . 12 Physical and Environmental Condition of the Site 8 3 . 12 . 1 Seismic Upgrade . . . . . . . . . . . . . . 8 3 . 13 Representations and Warranties . . . . . . . . . . . 8 3 . 14 Possession . . . . . . . . . . . . . . . . . . . . . 9 3 . 15 Relocation of Occupants from the Site . . . . . . . . 9 4 . 0 DEVELOPMENT OF THE SITE . . . . . . . . . . . . . . . 9 4 . 1 Plans and Specifications . . . . . . . . . . . . . . . 9 4 .2 Permits . . . . . . . . . . . . . . . . . . . . . . . 9 4 . 3 Governmental Approvals . . . . . . . . . . . . . . 10 4 .4 Development Plans, Final Building Plans, and Commencement and Completion of Construction . . . 10 4 .4 . 1 Evolution of Development Plan . . . . . . . . 10 4 .4 .2 Developer Best Efforts to Obtain Approvals 10 4 . 4 . 3 Agency Assistance . . . . . . . . . . . . . . 11 4 .4 .4 Disapproval . . . . . . 4 .4 .5 Commencement and Completion of Construction 11 4 .5 Right of Access . . . . . . . . . . . . . . . . . . 11 4 . 6 Nondiscrimination During Construction . . . . . . . 11 4 . 7 Certificate of Completion . . . . . . . . . . . . . 12 4 . 8 Sale or Transfer of the Project . . . . . . . . . . . 12 4 . 8 . 1 Transfer Defined . . . . . . . . . . . . . . . 12 4 . 8 .2 Agency Approval of Transfer Required . . . . . 13 4 . 9 Insurance and Indemnification . . . . . . . . . . . . 13 4 . 9 . 1 Insurance . . . . . . . . . . . . . . . . . . 13 4 . 9 .2 Indemnification . . . . . . . . . . . . . . . 15 5 . 0 USE OF THE SITE . . . . . . . . . . . . . . . . . . . 15 5 . 1 Use of the Site . . . . . . . . . . . . . . . . . . . 15 5 .2 No Inconsistent Uses . . . . . . . . . . . . . . . . 16 5 . 3 Obligation to Refrain from Discrimination . . . . . . 16 5 .4 Form of Nondiscrimination and Nonsegregation Clauses 16 5 .4 . 1 Deeds . . . . . . . . . . . . . . . . . . . . 16 5 .4 .2 Leases . . . . . . . . . . . . . . . . . . . . 17 5 .4 .3 Contracts . . . . . . . . . . . . . . . . . . 17 5 .5 Maintenance of Site . . . . . . . . . . . . . . . . . 17 5 . 6 Effect of Covenants . . . . . . . . . . . . . . . . . 18 5 . 7 CC&Rs . . . . . . . . . . . . . . . . . . . . . . . . 18 6 . 0 ENFORCEMENT . . . . . . . . . . . . . . . . . . . . . 18 6 . 1 Events of Default . . . . . . . . . . . . . . . . . . 18 6 .2 Remedies . . . . . . . . . . . . . . . . . . . . . . 19 6 . 3 No Waiver . . . . . . . . . . . . . . . . . . . . . . 19 6 .4 Rights and Remedies are Cumulative . . . . . . . . . 19 6 . 5 Attorneys' Fees . . . . . . . . . . . . . . . . . . . 19 FS2\178\014084-0006\2028581.3 03/29/93 -i 1- 0 7 . 0 MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . 19 7 . 1 Governing Law . . . . . . . . . . . . . . . . . . . . 19 7.2 Notices . . . . . . . . . . . . . . . . . . . . . . . 20 7 . 3 Conflicts of Interest . . . . . . . . . . . . . . 20 7 .4 Nonliability of Agency Officials and Employees . . . 20 7 . 5 Books and Records . . . . . . . . . . . . . . . . . . 21 7 . 5 . 1 Maintenance of Books and Records . . . . . . . 21 7. 5 .2 Right to Inspect . . . . . . . . . . . . . . . 21 7 . 6 Modifications . . . . . . . . . . . . . . . . . . . . 21 7. 7 Merger of Prior Agreements and Understandings . . . . 21 7. 8 Assurances to Act in Good Faith . . . . . . . . . . . 21 7.9 Force Maj eure . . . . . . . . . . . . . . . . . . . . 21 7. 10 Severability . . . . . . . . . . . . . . . . . . . . 22 EXHIBITS A Legal Description and Depiction of the Parcel and the Site B Schedule of Performance C Grant Deed D Depiction of Easement to Developer E Grant of Easement to Developer F Certificate of Completion G Declaration of Covenants, Conditions, and Restrictions FS2\178\014084-000M2028581.3 03/29/93 -i i i- DISPOSITION AND DEVELOPMENT AGREEMENT THIS DISPOSITION AND DEVELOPMENT GREEMENT ( "Agreement") is entered into this �14'' day of „ ' , 199 :3- (the "Effective Date") by and between the CQ269JNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic ( "Agency") and GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust established on June 29, 1989, and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust established on June 29, 1989 (collectively "Developer" ) . The Agency and the Developer hereby agree as follows : 1 . 0 DEFINITIONS . 1. 1 CC&Rs. The term "CC&Rs" shall mean that certain Declaration of Covenants, Conditions and Restrictions attached hereto as Exhibit "G" and incorporated herein by reference. 1.2 Certificate of Completion. The term "Certificate of Completion" shall mean that certain Certificate of Completion attached hereto as Exhibit "F" and incorporated herein by this reference. 1.3 City. The term "City" shall mean the CITY OF PALM SPRINGS, a municipal corporation, having its offices at 3200 East Tahquitz Canyon Way, Palm Springs, California 92263 . 1.4 Closing. The term "Closing" shall mean the closing of the Escrow by the Escrow Agent' s distributing the funds and documents received through Escrow to the party entitled thereto as provided herein, which closing shall occur on or before the date established in the Schedule of Performance. 1.5 Deed. The term "Deed" or "Grant Deed" shall mean that Grant Deed in substantially the form attached hereto as Exhibit "C" by which Agency as Grantor will convey fee title to the Site to Developer as Grantee. The Deed shall contain conditions or other restrictions designed to carry out the purposes of this Agreement . 1. 6 Escrow. The term "Escrow" shall mean the escrow established pursuant to this Agreement for the conveyance of title to the Site from Agency to Developer. 1. 7 Escrow Agent. The term "Escrow Agent" shall mean The Escrow Connection, located at 1111 East Tahquitz Canyon Way, Palm Springs, California 92263 and empowered hereunder to act as the Escrow Agent for this transaction. PS2\178\014084-0006\2028581.3 04/14/93 -1- 0 0 1. 8 Hazardous or Toxic Substances or Materials . The term "Hazardous or Toxic Substances or Materials" shall mean any substance or material identified by the United States Government or the State of California as hazardous or toxic and which is included on any list of such substances published by the United States Government or the State of California. 1 . 9 Parcel . The term "Parcel" shall mean that parcel of real property owned by the Agency, identified as Assessor' s Parcel No. 513-082-037 (the "Parcel") , of which the Site was originally a part . The Parcel shall be subdivided by Agency so that the Site to be acquired by Developer will consist of approximately 75 . 00 feet of North Palm Canyon frontage by 86 . 78 feet in depth and the Agency shall retain the remainder of the Parcel . The Parcel, and the portion thereof which makes up the Site, is more particularly described and shown in Exhibit "A" attached hereto and incorporated herein by reference. 1 . 10 Project. The term "Project" shall mean all of the construction, improvements, modifications, and rehabilitation necessary in order for the Developer to operate the Village Florist Gift Shoppe, or other Agency approved florist establishment, on the Site pursuant to this Agreement and the plans to be approved pursuant hereto, including all related landscaping, signage, lighting, trash receptacles, parking areas, driveways, utilities, and any improvements which may be required by the City or Agency within the public rights-of-way adjacent to the Site. 1. 11 Purchase Price. The term "Purchase Price" shall mean that amount agreed upon by the parties as the payment to be made by Developer to Agency for the purchase of the Site, which Purchase Price shall be One Hundred and Ten Thousand Dollars ($110 , 000 . 00) . 1 . 12 Redevelopment Plan. The term "Redevelopment Plan" shall mean the Redevelopment Plan for the Central Business District Project Area ( "Project Area" ) which was adopted by Ordinance Number 952 of the City Council of City on May 23, 1973 and became effective July 27, 1973 . A copy of the Redevelopment Plan is on file in the office of the City Clerk of the City. The Redevelopment Plan is incorporated herein by this reference and made a part hereof as though fully set forth herein. 1 . 13 Schedule of Performance. The term "Schedule of Performance" shall mean that certain Schedule attached hereto as Exhibit "B" and incorporated herein by reference. 1 . 14 Site. The term "Site" shall mean that certain real property to be purchased by Developer located in the City of Palm Springs, State of California, more particularly described and shown F82\178\014084-0006\2028581.3 03/29/93 -2- 0 in Exhibit "A" attached hereto and incorporated herein by reference. The Site is approximately 6508 .50 square feet. 1. 15 Title Company. The term "Title Company" shall mean Stewart Title Insurance Company, located at , empowered hereunder to act as the Title Company for this transaction. 2 . 0 PURPOSE OF AGREEMENT. The purpose of this Agreement is to effectuate the Redevelopment Plan for the Project Area by rehabilitating the Site within the Project Area. The rehabilitation of the Site within the Project Area and the fulfillment generally of this Agreement are in the best interests of the City and the welfare of its residents and are in accordance with the public purposes and provisions of applicable federal, state, and local laws and regulations, under which the Project has been undertaken and is being assisted. 3 . 0 DISPOSITION OF THE SITE. 3 . 1 Ownership of the Parcel and the Site. Agency is the owner of that certain real property identified as Assessor' s Parcel No. 513-082-037 located generally at 431-439 North Palm Canyon Drive in the Project Area in the City of Palm Springs, County of Riverside, State of California, more particularly described and shown in Exhibit "A" (the "Parcel") , together with all improvements now or hereafter constructed thereon, and all easements, licenses and interests appurtenant thereto. Within the time set forth in the Schedule of Performance, Agency shall subdivide the Parcel in order to make that certain portion of the Parcel consisting of approximately 75 . 00 feet of North Palm Canyon frontage by 86 . 78 feet in depth, more particularly described and shown in Exhibit "A, " together with all improvements now or hereafter constructed thereon, and all easements, licenses, and interests appurtenant thereto a separate and independent parcel or real property (the "Site") capable of being transferred to Developer. 3 .2 Purchase and Sale of Site. Developer hereby agrees to purchase from Agency and Agency agrees to sell to Developer the Site, including all improvements now or hereafter constructed thereon, and all easements, licenses, and interests appurtenant thereto, upon the terms and conditions hereinafter set forth. 3 .3 Developer Deposit. On or before the Effective Date, Developer shall advance to Agency the sum of Fifteen Thousand Dollars ($15, 000) of the Purchase Price to compensate Agency for its administrative, consulting, and legal expenses incurred and to be incurred in negotiating, documenting, and performing under this F82\178\014084-0006\2028581.3 04/05193 -3- 0 Agreement . This deposit shall be refundable only upon the failure of any of the conditions to precedent to Developer' s obligations, as set forth in Section 3 .9 . 1 of this Agreement . 3 .4 Opening of Escrow. Within thirty (30) business days after the Effective Date the parties shall open an Escrow with the Escrow Agent by causing an executed copy of this Agreement to be deposited with the Escrow Agent. Escrow shall be deemed open on the date that Agency delivers this executed Agreement to Escrow Agent . 3 . 5 Payment of Purchase Price. 3 . 5 . 1 Amount of Purchase Price. The purchase price for the Site will be One Hundred and Ten Thousand Dollars ($110, 000 . 00) ( "Purchase Price" ) . 3 .5 .2 Time and Manner of Pavment . On or before the Effective Date, Developer shall advance Fifteen Thousand Dollars of the Purchase Price to Agency in cash or cashier' s check, as provided in Section 3 . 3 . By 12 : 00 noon on the day preceding Close of Escrow, Developer shall deposit with Escrow Agent the balance of the Purchase Price in cash or cashier' s check. 3 . 6 Additional Funds and Documents Reauired from Developer and Agency. 3 . 6 . 1 Developer. Developer agrees that on or before 12 : 00 noon on the date preceding the Closing Date, Developer will deposit with Escrow Agent all additional funds and/or documents (executed and acknowledged, if appropriate) which are necessary to comply with the terms of this Agreement. 3 . 6 .2 Agency. Agency agrees that on or before 12 : 00 noon on the day preceding the Closing Date, Agency will deposit with Escrow Agent an executed and recordable grant deed ( "Grant Deed") conveying the Site to Developer in the form attached hereto as Exhibit "C, " together with such funds and other items and instruments as may be necessary in order for the Escrow Agent to comply with this Agreement. The Grant Deed shall contain a recital that title to the Site is conveyed "subject to all existing tenancies on the Site, to all real property taxes and assessments, and to all easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way, and other matters of record, of whatever kind or nature. " Escrow Agent will cause the Grant Deed to be recorded when (but in no event after the date specified in Section 3 . 7 . 1 below) it can issue the Title Policy in the form described in Section 3 . 8 below, and holds for the account of Agency the items described above to be delivered to Agency through Escrow, less costs, expenses, and disbursements chargeable to Agency pursuant to the terms hereof. FS2\178\014084-0006\2028581.3 03/29/93 -4- 3 . 7 Closing Date: Time of Essence. 3 . 7 . 1 Closing Date. Time is of the essence of each and every term of this Agreement . Escrow shall close on or before days after the opening of escrow ( "Closing Date") . The terms the "Close of Escrow, " and/or the "Closing" are used herein to mean the time Agency' s Grant Deed is filed for record by the Escrow Agent in the Office of the County Recorder of Riverside County, California. If Escrow has not Closed within six (6) months of the Effective Date, through no fault of Developer, Developer shall be free to terminate this Agreement with no further duties or obligations to Agency hereunder. 3 . 7 .2 Time of Essence. Developer and Agency specifically understand that time is of the essence and Developer and Agency specifically agree to strictly comply and perform their obligations herein in the time and manner specified and waive any and all rights to claim such compliance by mere substantial compliance with the terms of this Agreement . 3 . 8 Title Policy. When Escrow Agent holds for Developer the Grant Deed in favor of Developer executed and acknowledged by Agency covering the Site, Escrow Agent shall cause to be issued and delivered to Developer and Agency as of the Closing a C.L.T.A. standard coverage policy of title insurance ( "Title Policy" ) , issued by Stewart Title Company ( "Title Company" ) , with liability in the amount of the Purchase Price, covering the Site and showing title vested in Developer free of encumbrances, except : (a) All nondelinquent general and special real property taxes and assessments for the current fiscal year; (b) Easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way, and other matters of record of whatever kind or nature, including but not limited to, Exceptions through , inclusive, as shown on that certain Preliminary Title Report No. issued by Title Company dated as of 1 19, approved by Developer prior to the Effective Date (the "Preliminary Title Report" ) ; (c) The standard printed exceptions and exclusions contained in the C.L.T.A. form policy; (d) All existing tenancies on the Site; (e) Any exceptions created or consented to by Developer, including without limitation, any exceptions arising by reason of Developer' s possession of or entry on the Site. FS2\178\014084-0006\2028581.3 03/29/93 -5- 3 .9 Conditions Precedent to Close of Escrow. 3 . 9 . 1 Conditions to Developer' s Obligations . The obligations of Developer under this Agreement shall be subject to the satisfaction or written waiver, in whole or in part, of each of the following conditions precedent: (a) Title Company will issue the Title Policy as required by Section 3 . 8 of this Agreement insuring title to the Site vested in Developer or other vestee designated by Developer for vesting purposes only. (b) Escrow Agent holds and will deliver to Developer the instruments and funds, if any, accruing to Developer pursuant to this Agreement. (c) Agency has subdivided the Parcel in order to make the Site a separate and independent parcel capable of being transferred to Developer. (d) Agency has granted to Developer an easement on, over, under, across, along, or through the southern twenty five (25) feet and the western forty two (42) feet, less the area reserved for the Roy Moffatt (Blue Coyote) entrance, of the Parcel, as indicated on Exhibit "D" attached hereto and incorporated herein by this reference, for access purposes . The Grant of Easement shall be in the form attached hereto as Exhibit "E. ° 3 . 9 .2 Conditions to Agency' s Obligations. The obligations of Agency under this Agreement shall be subject to the satisfaction or written waiver, in whole or in part, of each of the following conditions precedent: (a) Escrow Agent holds and will deliver to Agency the instruments and funds accruing to Agency pursuant to this Agreement . 3 . 10 Escrow Provisions . 3 . 10 . 1 Escrow Instructions . This Agreement, once deposited in the Escrow, shall also constitute the joint escrow instructions of Agency and Developer. Additionally, if required by Escrow Agent, Developer and Agency agree to execute Escrow Agent' s standard escrow instructions, provided that the same are consistent with and do not conflict with the provisions of this Agreement. In the event of any such conflict, the provisions of this Agreement shall prevail . PS2\178\014084-0006\2028581.3 03/29/93 -(- 6 r 3 . 10 .2 General Escrow Provisions . Escrow Agent shall deliver the Title Policy to the Developer and instruct the Riverside County Recorder to mail the Grant Deed to Developer at the address set forth in Section 7.2 after recordation. All funds received in this Escrow shall be deposited in one or more general escrow accounts of the Escrow Agent with any bank doing business in Riverside County, California, and may be disbursed to any other general escrow account or accounts. All disbursements shall be made by Escrow Agent' s check. This Agreement and any modifications, amendments, or supplements thereto may be executed in counterparts and shall be valid and binding as if all of the parties' signatures were on one document . 3 . 10 .3 Proration of Real Property Taxes . All nondelinquent general and special real property taxes shall be prorated to the Close of Escrow on the basis of a thirty (30) day month and a three hundred sixty day (360) year. In the event that property taxes are assessed on a parcel of real property which includes land other than the Site, such proration shall include only taxes attributable to the Site, calculated in terms of total gross square feet of land assessed pursuant to the tax statement versus total gross square footage of the Site. 3 . 10 .4 Payment of Costs . Agency shall pay the documentary transfer taxes, premium charges for the C.L.T.A. Title Policy, the charge for drawing the Grant Deed, and one-half (1/2) of the Escrow fee. Developer shall pay one-half (1/2) of the Escrow fee and charges for recording the Grant Deed. All other costs of Escrow not otherwise specifically allocated by this Agreement shall be apportioned between the parties in a manner consistent with the custom and usage of Escrow Agent . 3 . 10 .5 Termination and Cancellation of Escrow. Time is of the essence of this Agreement. If Escrow fails to close as provided above, Escrow shall terminate automatically without further action by Escrow Agent or any party, and Escrow Agent is instructed to return all funds and documents then in Escrow to the respective depositor of the same with Escrow Agent. Cancellation of Escrow, as provided herein, shall be without prejudice to whatever legal rights Developer or Agency may have against each other arising from the Escrow or this Agreement . 3 . 10 . 6 Information Report. Escrow agent shall file and Developer and Agency agree to cooperate with Escrow Agent and with each other in completing any report ( "Information Report" ) and/or other information required to be delivered to the Internal Revenue Service pursuant to Internal Revenue Code Section 6045 (e) , regarding the real estate sales transaction contemplated by this Agreement, including without limitation, Internal Revenue Service Form 1099-B as such may be hereinafter modified or amended by the Internal Revenue Service, or as may be required pursuant to any F82\178\014084-0006\2028581.3 03/29/93 -7- w i regulation now or hereinafter promulgated by the Treasury Department with respect thereto. Developer and Agency also agree that Developer and Agency, their respective employees and attorneys, and Escrow Agent and its employees, may disclose to the Internal Revenue Service, whether pursuant to such Information Report or otherwise, any information regarding this Agreement or the transactions contemplated herein as such party reasonably deems to be required to be disclosed to the Internal Revenue Service by such party pursuant to Internal Revenue Code Section 5045 (e) , and further agree that neither Developer nor Agency shall seek to hold any such party liable for the disclosure to the Internal Revenue Service of any such information. 3 . 11 Brokerage Commissions . Each party agrees to indemnify and hold the other harmless from and against all liabilities, costs, damages, and expenses, including, without limitation, attorneys' fees, resulting from any claims or fees or commissions, based upon agreements by it, if any, to pay a broker' s commission and/or finder' s fee. 3 . 12 Physical and Environmental Condition of the Site. Agency shall convey the Site to Developer in an "AS IS" physical condition, with no warranty or representation, express or implied, regarding the presence of uncompacted fill, the condition of the soil, the geology, seismology, hydrology, or other similar matters on, under, or affecting the Site, the condition of any buildings or improvements located thereon, or the presence or absence of any Hazardous or Toxic Substances or Materials . Developer hereby acknowledges that Agency has undertaken no investigation and does not intend to undertake any investigation with respect to any aspect of the physical condition of the Site. In no event shall Agency have any obligation to cure or correct any physical defects or problems with respect to the Site. 3 . 12 . 1 Seismic Upgrade. Developer shall have sole and exclusive responsibility for conducting the necessary seismic upgrade on the Site. This seismic upgrade shall be commenced at the time indicated in the Schedule of Performance and shall be pursued diligently to completion. 3 . 13 Representations and Warranties . Developer acknowledges that it has had an adequate opportunity to inspect the Site and to investigate its physical characteristics and conditions, and hereby waives any and all objections to the physical characteristics and conditions of the Site which would be disclosed by such inspection. Developer acknowledges that neither Agency nor any of its employees, agents, or representatives has made any representations, warranties or agreements to or with Developer on behalf of Agency as to any matters concerning the Site, the present use thereof, or the suitability of Developer' s contemplated or intended use of the Site. FS2\178\014084-0006\2028581.3 03/29/93 -8- • i 3 . 14 Possession. Possession of the Site shall be delivered to Developer as of Close of Escrow. In the event any personal property remains on the Land following the Close of Escrow, it shall automatically become the property of Developer. 3 . 15 Relocation of Occupants from the Site. There are currently three (3) existing tenancies on the Site and Developer shall take title to the Site subject to all such existing tenancies . It is not Agency' s intention to cause the involuntary displacement of existing tenants or occupants of the Site, nor to interfere with existing business operations and Developer hereby represents that it is not necessary to displace any or all of the existing tenants in order to complete the Project pursuant to this Agreement . Nothing in this Agreement shall be interpreted, however, to limit the Developer' s right to evict or otherwise displace one or more of the existing tenants should said tenant (s) violate any of the terms of its (their) lease. Neither Agency nor City shall be responsible for relocating any occupants from the Site. Developer shall indemnify, defend, and hold Agency and City harmless from and against any claims, liabilities, damages, or losses made against either of them by tenants or occupants of the Site, including without limitation claims for relocation assistance, inverse condemnation, loss of business goodwill, and otherwise. 4 . 0 DEVELOPMENT OF THE SITE. 4 . 1 Plans and Specifications. Developer shall construct the Project upon the Site in accordance with construction drawings, working specifications, and related documents that have been submitted to and approved by the Agency in advance and in writing. 4 .2 Permits. Before commencement of construction of the Project on the Site, Developer shall obtain any and all permits and approvals which may be required by the City or any other governmental agency with jurisdiction. Notwithstanding any other provision of this Agreement, Developer shall be solely and exclusively responsible for submitting, processing, and obtaining all necessary approvals for all documentation and information required to comply with the California Environmental Quality Act (Division 13 (commencing with Section 21000) of the California Public Resources Code) prior to commencing any construction on the Project. Developer shall comply with all environmental mitigation measures imposed as conditions of approval of the Project. Nothing herein is intended nor shall be construed as a precommitment or prejudgment by Agency or City regarding the matters required to be considered as part of the environmental review for any construction or works of improvement on the Site. A52\178\014084-0006\2028581.3 03/29193 -9- • • 4 .3 Governmental Approvals. Notwithstanding anything herein contained to the contrary, it is expressly understood by the parties hereto that the Agency makes no representations or warranties with respect to the approvals required by any other governmental entity or with respect to approvals hereinafter required from the City or the Agency. The Agency reserves full police power authority over the Project and the Site and the Developer acknowledges that the City retains such full police power. Nothing in this Agreement shall be deemed to be a prejudgment or commitment with respect to such items nor to guaranty that such approvals or permits will be issued within any particular time or with or without any particular conditions. 4 .4 Development Plans Final Building Plans and Commencement and Completion of Construction 4 .4 . 1 Evolution of Development Plan. Concurrently with the approval of this Agreement, the Agency has approved the Developer' s Basic Concept Drawings . On or before the date set forth in the Schedule of Performance, Developer shall submit to the City preliminary, and thereafter final drawings and specifications for development of the Site in accordance with this Agreement and in accordance with the City' s requirements. The term preliminary and final drawings shall be deemed to include site plans, building plans and elevations, grading plans, if applicable, landscaping plans, parking plans, material pallets, a description of structural, mechanical, and electrical systems, and all other plans, drawings, and specifications . Final drawings will be in sufficient detail to obtain a building permit . Said plans, drawings, and specifications shall be consistent with this Agreement and the various development approvals referenced hereinabove, except as such items may be amended by City (if applicable) and by mutual consent of Agency and Developer. Plans, (concept, preliminary, and construction) shall be progressively more detailed and will be approved if a logical evolution of plans, drawings, or specifications were previously approved. 4 .4 .2 Developer Best Efforts to Obtain Approvals . Developer shall exercise its best efforts to timely submit all documents and information necessary to obtain all development and building approvals from the City in a timely manner. Not by way of limitation of the foregoing, in developing and constructing the Project, Developer shall comply with all applicable development standards in City' s Municipal Code and shall comply with all building code, landscaping, signage, and parking requirements, except as may be permitted through approved variances and modifications . FS2\178\014084-0006\2028581.3 03/29/93 -1 0- 4 .4 . 3 Agency Assistance. Subject to developer' s compliance with (i) the applicable City and Agency development standards for the Site, and (ii) all applicable laws and regulations governing such matters as public hearings, site plan review, and environmental review, Agency agrees to provide reasonable assistance to Developer, at no cost to Agency, in the expeditious processing of Developer' s submittals required under this Section in order that Developer can obtain a final City action on such matters within the time set forth in the Schedule of Performance. City or Agency' s failure to provide necessary approvals or permits within such time periods, after and despite Developer' s reasonable efforts to submit the documents and information necessary to obtain the same, shall constitute an Enforced Delay. 4 .4 .4 Disapproval . The Agency and City shall approve or disapprove any submittal made by Developer pursuant to this Section within thirty (30) days after such submittal . All submittals made by Developer will note the thirty (30) day time limit, and specifically reference this Agreement and this section. Any disapproval shall state in writing the reason for the disapproval and the changes which the Agency requests be made. Developer shall make the required changes and revisions as soon as is reasonably practicable but no more than thirty (30) days after the date of disapproval . Thereafter, Agency and City shall have an additional thirty (30) days for review of the resubmittal, but if the Agency and City disapprove the resubmittal, then the cycle shall repeat, until the Agency and City' s approval has been obtained. The foregoing time periods may be shortened if so specified in the Schedule of Performance. 4 . 4 . 5 Commencement and Completion of Construction. Construction of the Project shall commence on or before the date set forth in the Schedule of Performance and shall be completed within the time set forth in the Schedule of Performance except as mutually agreed in writing by Developer and Agency. The Project shall be deemed complete upon the issuance of a Certificate of Completion as provided in Section 4 . 7. 4 . 5 Right of Access . Representatives of Agency and City shall have the reasonable right of access to the Site during the period of construction for the purposes of this Agreement, including, but not limited to, the inspection of the work being performed. 4 . 6 Nondiscrimination During Construction. Developer, for itself and its successors and assigns, agrees that during the rehabilitation of the Project, Developer will not discriminate against any employee or applicant for employment because of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin. FS2\178\014084-0006\2028581.3 03/29/93 -1 1- i • 4 . 7 Certificate of Completion. Upon written request by Developer, and upon satisfactory completion of the Project, Agency shall issue to Developer a Certificate of Completion in the form attached hereto as Exhibit "F. " The Certificate of Completion shall be, and shall so state, a conclusive determination of satisfactory completion of the Project required by this Agreement, and a full compliance with the terms of this Agreement relating to commencement and completion of the Project . After the date Developer is entitled to issuance of the Certificate of Completion, and notwithstanding any other provision of this Agreement to the contrary, any party then owning or thereafter purchasing, leasing or otherwise acquiring any interest in the Site shall not (because of any such ownership, purchase, lease, or acquisition) incur any obligation or liability under this Agreement, except that such party shall be bound by the covenants that survive the issuance of the Certificate of Completion, as set forth in the CC&Rs . The Certificate of Completion is not a notice of completion as referred to in California Civil Code section 3093 . 4 . 8 Sale or Transfer of the Project. The Developer covenants that Developer shall not transfer the Site or any of its interests therein except as provided in this Section 4 . 8 . 4 . 8 . 1 Transfer Defined. As used in this Section, the term "Transfer" shall include any assignment, hypothecation, or conveyance of this Agreement, the Site, or the improvements thereon. A Transfer shall also include the transfer to any person or group of persons acting in concert of more than twenty-five percent (250) (in the aggregate) of the present ownership and/or control of any person or entity constituting Developer or its general partners, taking all transfers into account on a cumulative basis, except transfers of such ownership or control interest between members of the same immediate family, or transfers to a trust, testamentary or otherwise, in which the beneficiaries are limited to members of the transferor' s immediate family, or among the entities constituting Developer or its general partners or their respective shareholders . In the event any entity constitut- ing Developer, its successor or the constituent partners of Developer or any successor of Developer, is a corporation or trust, such transfer shall refer to the transfer of the issued and outstanding capital stock of such corporation, or of beneficial interests of such trust; in the event that any entity constituting Developer, its successor or the constituent partners of Developer or any successor of Developer is a limited or general partnership, such transfer shall refer to the transfer of more than twenty-five percent (250) of such limited or general partnership interest; in the event that any entity constituting Developer, its successor or the constituent partners of Developer or any successor of Developer is a joint venture, such transfer shall refer to the transfer of more than twenty-five percent (250) of the ownership and/or control FS2\178\014084-0006\2028581.3 03/29/93 -12- • of any such joint venture partner, taking all transfers into account on a cumulative basis. 4 . 8 .2 Agency Approval of Transfer Reouired. Prior to recordation of the Certificate of Completion, Developer shall not Transfer this Agreement or any of Developer' s rights hereunder, or any interest in the Site or in the improvements thereon, directly or indirectly, voluntarily or by operation of law, except as provided below, without the prior written approval of Agency, and any such purported Transfer without such approval shall be null and void. In considering whether it will grant approval to any Transfer by Developer, which Transfer requires Agency approval, Agency shall consider factors such as (i) whether the proposed transferee will be able to adequately operate the Village Florist Gift Shoppe, or other Agency approved florist establishment; (ii) the financial strength and capability of the proposed transferee to perform Developer' s obligations hereunder; (iii) the proposed transferee' s experience and expertise in the planning, financing, and rehabilitation of similar projects; and (iv) whether the Transfer is for the purpose of financing the purchase or rehabilitation of the Site. A Transfer for financing purposes shall not be approved by the Agency if the financing exceeds' eighty-five percent (85e) of the acquisition and rehabilitation costs of the Site or if the loan documents do not state that the loan proceeds must be used for the Project . In the absence of specific written agreement by Agency no Transfer by Developer of all or any portion of its interest in the Site or this Agreement (including, without limitation, a Transfer not requiring Agency approval hereunder) shall be deemed to relieve Developer or any successor party from any obligations under this Agreement . In addition, no attempted Transfer of any of Developer' s obligations hereunder shall be effective unless and until the successor party executes and delivers to Agency an assumption agreement in a form approved by the Agency assuming such obligations . 4 . 9 Insurance and Indemnification. 4 . 9 . 1 Insurance. Prior to the commencement of any construction by Developer on the Project, Developer shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to Agency, during the entire term of construction of any of the improvements pursuant to this Agreement and until such time as is issued a Certificate of Completion for the Project, the following policies of insurance: (a) Comprehensive General Liability Insurance. A policy of comprehensive general liability insurance written on a per occurrence basis in an amount not less than either (i) a combined single limit of ONE MILLION DOLLARS PS2\178\014084-0006\2028581.3 03/29/93 -1 3- ($1, 000, 000 . 00) or (ii) bodily injury limits of FIVE HUNDRED THOUSAND DOLLARS ($500, 000 . 00) per person, ONE MILLION DOLLARS ($1, 000, 000 . 00) per occurrence and ONE MILLION DOLLARS ($1, 000, 000 . 00) products and completed operations and property damage limits of FIVE HUNDRED THOUSAND DOLLARS ($500, 000 . 00) per occurrence and ONE MILLION DOLLARS ($1, 000, 000 . 00) in the aggregate. (b) Worker' s Compensation Insurance. A policy of worker' s compensation insurance in such amount as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for both the Developer, Agency, and the City against any loss, claim or damage arising from any injuries or occupational diseases occurring to any worker employed by or any persons retained by the Developer in the course of carrying out the work or services contemplated in this Agreement. (c) Automotive Insurance. A policy of compre- hensive automobile liability insurance written on a per occurrence basis in an amount not less than either (i) bodily injury liability limits of $250, 000 . 00 per person and $500, 000 . 00 per occurrence and property damage liability limits of $100, 000 . 00 per occurrence and $250, 000 . 00 in the aggregate or (ii) combined single limit liability of $500, 000 . 00 . Said policy shall include coverage for owned, non-owned, leased and hired cars . (d) Builder' s Risk Insurance. A policy of "builder' s risk" insurance covering the full replacement value of all of the improvements to be constructed by Developer pursuant to this Agreement . All of the above policies of insurance shall be primary insurance and shall name Agency, City, and their officers, employees, and agents as additional insureds. The insurer shall waive all rights of subrogation and contribution it may have against Agency, City, and their officers, employees and agents and their respective insurers. All of said policies of insurance shall provide that said insurance may not be amended or cancelled without providing thirty (30) days prior written notice by registered mail to Agency and City. In the event any of said policies of insurance are cancelled, the Developer shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Section 4 . 9 . 1 to the Executive Director. No work or services under this Agreement shall commence until the Developer has provided Agency with Certificates of Insurance or appropriate insurance binders evidencing the above insurance coverages and said Certificates of Insurance or binders are approved by Agency. FS2\178\014084-000M2028581.3 03/29/93 -14- 0 The policies of insurance required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated "A" or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City ( "Risk Manager" ) due to unique circumstances . Developer shall provide in all contracts with contractors, subcontractors, architects, and engineers that said contractor, subcontractor, or engineer shall maintain the same policies of insurance required to be maintained by Developer pursuant to this Section 4 . 9 . 1. The Developer agrees that the provisions of this Section 4 . 9 . 1 shall not be construed as limiting in any way the extent to which the Developer may be held responsible for the payment of damages to any persons or property resulting from the Developer' s activities or the activities of any person or persons for which the Developer is otherwise responsible. 4 . 9 .2 Indemnification. During the period of construction of any of the improvements pursuant to this Agreement and until such time as is issued a Certificate of Completion for the Project, Developer agrees to and shall indemnify and hold the Agency and the City harmless from and against all liability, loss, damage, cost, or expense (including reasonable attorneys' fees and court costs) arising from or as a result of the death of any person or any accident, injury, loss, or damage whatsoever caused to any person or to the property of any person which shall occur on the Site and which shall be directly or indirectly caused by the acts done thereon or any errors or omissions of the Developer or its agents, servants, employees, or contractors . Developer shall not be responsible for (and such indemnity shall not apply to) any acts, errors, or omissions of the Agency or the City or their respective agents, servants, employees, or contractors. Agency and City shall not be responsible for any acts, errors, or omissions of any person or entity except Agency and City and their respective agents, servants, employees, or contractors, subject to any and all statutory and other immunities. The enforcement provisions of this Section 4 .9 shall survive the termination of this Agreement. 5 . 0 USE OF THE SITE. 5 . 1 Use of the Site. Developer hereby covenants and agrees to operate the Village Florist Gift Shoppe, or other Agency approved florist establishment, on the Site for a period of five (5) years from the Effective Date. In the event of the death or permanent disability of the Principals of Developer, namely Gerald Wayne Wantland and Herbert James Lane, the successor trustee, F52\178\014084-0006\2028581.3 03/29/93 -is- personal representative, or estate administrator, may, upon reasonable showing to the City, terminate the approved use of the Site prior to the expiration of the five (5) year period. Such showing shall include reasonable evidence that the heirs or successors in interest to the Principals of Developer are unable to successfully operate the Village Florist Gift Shoppe as an ongoing business and that an alternate retail use is required for the premises . The City shall reasonably approve such alternate use of the Site and will amend this Agreement accordingly. Developer shall have sole and exclusive responsibility and financial liability for any and all construction or works of improvement on the Site as may be necessary in order to use the Site as the Village Florist Gift Shoppe, or other Agency approved florist establishment . 5 .2 No Inconsistent Uses . Developer covenants and agrees that it shall not devote the Site to uses inconsistent with the Redevelopment Plan, the applicable zoning restrictions, this Agreement, or the CC&Rs . 5 . 3 Obligation to Refrain from Discrimination. There shall be no discrimination against, or segregation of, any persons, or group of persons, on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the rental, sale, lease, sublease, transfer, use, occupancy, or enjoyment of the Site, or any portion thereof, nor shall Developer, or any person claiming under or through Developer, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of the Site or any portion thereof. The nondiscrimination and nonsegregation covenants contained herein shall remain in effect in perpetuity. 5 .4 Form of Nondiscrimination and Nonsegregation Clauses . Developer shall refrain from restricting the rental, sale, or lease of any portion of the Site on the basis of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin of any person. All such deeds, leases, or contracts shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses : 5 .4 . 1 Deeds : In Deeds the following language shall appear: "The grantee herein covenants by and for itself, its heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, sublease, transfer, use, occu- FS2\178\014084-0006\2028581.3 03/29/93 -1 6- 0 0 pancy, tenure, or enjoyment of the land herein conveyed, nor shall the grantee itself, or any persons claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the land herein conveyed. The foregoing covenants shall run with the land. " 5 .4 .2 Leases: In Leases the following language shall appear: "The lessee herein covenants by and for itself, its heirs, executors, administrators, successors, and assigns, and all persons claiming under or through them, and this lease is made and accepted upon and subject to the following conditions: "That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the leasing, subleasing, renting, transferring, use, occupancy, tenure, or enjoyment of the land herein leased nor shall the lessee itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the land herein leased. " 5 .4 . 3 Contracts: In Contracts the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, sublease, transfer, use, occupancy, tenure, or enjoyment of the land, nor shall the transferee itself, or any person claiming under or through it, establish or permit any such practice or prac- tices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of the land. " 5 .5 Maintenance of Site. Developer covenants and agrees for itself, its successors and assigns, and every successor in interest to the Site or any part thereof, that the Developer shall be responsible for maintenance of the Site and all improvements that may exist on the Site or off-Site but directly related to the use of the Site, from time to time, including without limitation buildings, parking lots, trash receptacles, lighting, signs, and walls, in first-class condition and repair, and shall keep the Site free from any accumulation of debris or waste materials . The Developer shall also maintain all landscaping in a healthy condition, including replacement of any dead or diseased plants. The foregoing maintenance obligations shall run with the land in accordance with and for the term of the CC&Rs . Developer' s further FS2\178\014084-0006\2028581.3 03/29/93 -1 7_ 0 obligations to maintain the Site, and Agency' s remedies in the event of Developer' s default in performing such obligations are set forth in the Declaration of Covenants, Conditions, and Restrictions . Developer hereby waives any notice, public hearing, and other requirements of the public nuisance laws and ordinances of the City that would otherwise apply, except as specified in the CC&Rs . 5 . 6 Effect of Covenants . Agency is deemed a beneficiary of the terms and provisions of this Agreement and of the restrictions and covenants running with the land, whether or not appearing in the Deed or the CC&Rs for and in its own right and for the purposes of protecting the interests of the community in whose favor and for whose benefit the covenants running with the land have been provided. The covenants in favor of the Agency shall run without regard to whether Agency has been, remains or is an owner of any land or interest therein in the Site, or in the Redevelopment Project Area, and shall be effective as both covenants and equitable servitudes against the Site. Agency shall have the right, if any of the covenants set forth in this Agreement which are provided for its benefit are breached, to exercise all rights and remedies and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it may be entitled. With the exception of the City, no other person or entity shall have any right to enforce the terms of this Agreement under a theory of third-party beneficiary or otherwise. The covenants running with the land and their duration are set forth in the CC&Rs . 5 . 7 CC&Rs . Concurrently with the execution of this Agreement, Developer shall execute the CC&Rs and have the CC&Rs recorded against the Site. The CC&Rs shall be signed and acknowl- edged by all parties having record title interest in the Site, shall make the Agency and City parties thereto, and shall be enforceable by the Agency and the City. 6 . 0 ENFORCEMENT. 6 . 1 Events of Default . In the event either party defaults in the performance or observance of any covenant, agreement or obligation set forth in this Agreement, and if such default remains uncured for a period of thirty (30) days after written notice thereof shall have been given by the non-defaulting party, or, in the event said default cannot be cured within said time period, the defaulting party has failed to commence to cure such default within said thirty (30) days and diligently prosecute said cure to completion, then the non-defaulting party shall declare an event of default to have occurred hereunder. FS2\178\014084-0006\2028581.3 03/29/93 -1 8 6 .2 Remedies. In addition to any other rights or remedies that may be available and subject to the requirements of Section 6 . 1 above, either party to this Agreement may institute a legal or equitable action to cure, correct or remedy any default, to recover damages for any default, or to obtain any other remedy consistent with the purposes of this Agreement. If either party defaults hereunder by failing to perform any of its obligations herein, each party agrees that the other shall be entitled to the judicial remedy of specific performance, and each party agrees (subject to its reserve right to contest whether in fact a default does exist) not to challenge or contest the appropriateness of such remedy. In this regard, Developer specifically acknowledges that Agency is entering into this Agreement for the purpose of assisting in the redevelopment of the Site and not for the purpose of enabling Developer to speculate with land. 6 .3 No Waiver. Waiver by either party of the performance of any covenant, condition, or promise shall not invalidate this Agreement, nor shall it be considered a waiver of any other covenant, condition, or promise. Waiver by either party of the time for performing any act shall not constitute a waiver of time for performing any other act or an identical act required to be performed at a later time. The delay or forbearance by either party in exercising any remedy or right as to any default shall not operate as a waiver of any other default or of any rights or remedies or to deprive such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert, or enforce any such rights or remedies. 6 .4 Rights and Remedies are Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by any party of one or more of its rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by another party. 6 . 5 Attorneys' Fees . In the event of litigation between the parties arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys' fees and other costs and expenses incurred in addition to whatever other relief to which it may be entitled. 7. 0 MISCELLANEOUS . 7. 1 Governing Law. The laws of the State of California shall govern the interpretation and enforcement of this Agreement. FS2\178\014084-0006\2028581.3 03/29/93 -19- • 0 7.2 Notices . Formal notices, demands, and communications between Agency and Developer shall be sufficiently given if personally delivered or dispatched by registered or certified mail, postage prepaid, return receipt requested, to the following addresses : If to Agency: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, California 92263 Attn: Executive Director With a copy to: RUTAN & TUCKER P.O. Box 1950 611 Anton Blvd. , Suite 1400 Costa Mesa, California 92626 Attn: David J. Aleshire If to Developer: Village Florist Gift Shoppe 181 North Indian Avenue Palm Springs, California 92262 Attn: Gerald Wantland With a copy to: Mr. Kipp Lyons 400 South Farrell Drive, Suite B 200-2 Palm Springs, California 92262 All notices shall be deemed to be received as of the earlier of actual receipt by the addressee thereof or the expiration of forty-eight (48) hours after depositing in the United States Postal System in the manner described in this Section. Such written notices, demands, and communications may be sent in the same manner to such other addresses as a party may from time to time designate by mail . 7.3 Conflicts of Interest . No member, official, or employee of Agency shall have any personal interest, direct or indirect, in this Agreement nor shall any such member, official, or employee participate in any decision relating to this Agreement which affects his personal interests or the interests of any cor- poration, partnership, or association in which he is, directly or indirectly, interested. 7.4 Nonliability of Agency Officials and Emplovees . No member, official, employee, or consultant of Agency or City shall be personally liable to Developer, or any successor in interest of Developer, in the event of any default or breach by Agency or for any amount which may become due to Developer or to its successor, or on any obligations under the terms of this Agreement . PS2\178\014084-0006\2028581.3 03/29/93 -2 0- 7 .5 Books and Records . 7.5 .1 Maintenance of Books and Records. Developer shall prepare and maintain all books, records, and reports necessary to substantiate Developer' s compliance with the terms of this Agreement or reasonably required by the Agency. 7. 5 .2 Right to Inspect . The Agency shall have the right, upon not less than seventy-two (72) hours notice, at all reasonable times, to inspect the books and records of the Developer pertaining to the Public Improvements as pertinent to the purposes of this Agreement . Said right of inspection shall not extend to documents privileged under attorney-client or other such privileges . 7. 6 Modifications. Any alteration, change or modification of or to this Agreement, in order to become effective, shall be made by written instrument or endorsement thereon and in each such instance executed on behalf of each party hereto. 7. 7 Merger of Prior Agreements and Understandings . This Agreement and all documents incorporated herein contain the entire understanding among the parties hereto relating to the transactions contemplated herein and all prior or contemporaneous agreements, understandings, representations, and statements, oral or written, are merged herein and shall be of no further force or effect. 7 . 8 Assurances to Act in Good Faith. Agency and Developer agree to execute all documents and instruments and to take all action and shall use their best efforts to accomplish the purposes of this Agreement. Agency and Developer shall each diligently and in good faith pursue the satisfaction of any conditions or contingencies subject to their approval . 7. 9 Force Majeure. The time periods specified in this Agreement and the Schedule of Performance attached hereto for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the Developer, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City or Agency, if the Developer shall within ten (10) days of the commencement of such delay notify the Agency in writing of the causes of the delay. The Executive Director of the Agency shall ascertain the facts and the extent of delay, and extend the time for performing for the period of the enforced delay when and if in the judgment of the Executive Director such delay is justified. The Executive Director' s determination shall be final and conclusive upon the parties to this Agreement . In no event F52\178\014084-00OM2028581.3 03/29/93 -2 1- is 0 shall Developer be entitled to recover damages against the City or Agency for any delay in the performance of this Agreement, however caused, Developer' s sole remedy being extension of the Agreement pursuant to this Section. 7. 10 Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law. If, however, any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. FS2\178\014084-0006\2028581.3 03/29/93 -2 2- IN WITNESS WHEREOF the Agency and Developer have executed this Agreement as of the date first written above. "AGENCY" COMMUNITY REDEVELOPMENT AGENCY OF THEY OF PAL SPRINGS, a pu lic body, cor ora e and politic J By: Exec ive DirEOtor ATTEST: S cretary APPROVED AS TO FORM: RUTAN & TUCKER 1 4✓ vid shire, Es-q Agency C u sel f "DEVELOPER" GERALD WAYNE WANTLAND as Trustee of the Geral_�Wayne Wantlaa/Xl 11 evocable must HERBERT JAMES LANE, as Trustee of the Herbert James ane Revocable Trust RIV FS2\178\014084-0006\2028581.3 03/29/93 -2 3 EXHIBIT "A" LEGAL DESCRIPTION AND DEPICTION OF THE PARCEL AND THE SITE PARCEL I: THE SOUTH HALF OF THE EAST HALF OF LOT 3 IN BLOCK 23 OF PALM SPRINGS AND THE NORTH 25 FEET OF THE EAST HALF OF LOT 4 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CAUTORNIA. FS2\179\014094-0W6\2023581.3 03/22193 EXHIBIT "An 25750, 33' /28.60' /26 90' THE 5/Tf , O ZZ 3 ` 128.90,CD O ALE RD 0 S RD. W m V/CI N%TY MAP 257.50' ,VOr TO SCAL.E F771 = ENTIRE EXISTING PARCEL BASIS OF BEARINGS /NCLU0/N6 THE SITE \ THE BEARING OF /V0°08'W AS SHOWN FOR N. PALM CANYON DR.PER M.8.9 PG.432 5.D. WAS U5ED ASTHE,3AS15 OFBEARjmcf5FORT47-3mAP- CITY OF PALM SPRINGS DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION EXHI B I T'A"THE PARCEL 0 THE SITE APPROVED Ave s , 19 93 1 / 28209 LEGAL DEGCR1F7-1D/V : THESOUTHHAI -11,E C Y 11N4 G It E R R.C.E. EA5TNALFOFLOT3I,VB1-00C23 2FPALM5PR/NG5 AND THENORTH DESIGN BY SCALE: FILE Ng ASSHOWOBYMAPONf/LE IN300K9PAGE432, OFMAPS, RECORD5 R.A• ///-50" LLA93-0 OF SAN DlEGO COUNTY, CALIFORNIA. CHECKED 8Y. DWG. Nc, SHEET Ns D.M.P. / / OF / EXHIBIT "B" • SCHEDULE OF PERFORMANCE ITEM OF PERFORMANCE TIME FOR PERFORMANCE 1 . Developer to record On or before the Effective CC&Rs . Date. 2 . Agency shall subdivide On or before close of escrow the Parcel . 3 . Opening of Escrow. Within thirty (30) days of the Effective Date. 4 . Developer to deposit the On or before 12 : 00 noon on the Purchase Price together day preceding the Closing with any other funds or Date. other necessary items with the Escrow Agent . 5 . Agency to deposit Grant On or before 12 : 00 noon on the Deed together with any day preceding the Closing funds or other necessary Date. items with the Escrow Agent. 6 . Close of Escrow. On or before30 days after opening. 7 . Agency to record Grant of On or before close of escrow Easement to Developer. 8 . Developer prepare and On or before May 15, 1993 . submits to City and Agency preliminary plans, drawings, and specifications and City and Agency commence approval process as provided in Section 4 .4 . 9 . Developer to submit proof Prior to commencing any work of insurance. or services under the Agreement. 10 . Developer to commence On or before July 1, 1993 . seismic upgrade. 11 . Developer to commence On or before July 1, 1993 . rehabilitation of Project . 12 . Developer to complete Within one hundred and twenty rehabilitation of the (120) days of commencement . Project . EXHIBIT "B" Page 1 of 2 FS2\178\014084-0006\2028581.3 03/29/93 13 . Developer to open Village fo7rbeore December 1, 1993 . Florist Gift Shoppe for business. The foregoing Schedule is not intended to modify or amend the more complete description of the covenants and conditions set forth in the text of this Agreement; in the event of any inconsistency between the text and this Schedule, the text shall govern. The Executive Director of the Agency may approve extensions of time of up to one hundred and eighty (180) days to complete any item in the Schedule of Performance which approvals shall be in the Executive Director' s sole and absolute discretion. EXHIBIT "B" Page 2 of 2 FS2\178\014084-0006\2028581.3 03/29/93 EXHIBIT "C" GRANT DEED FREE RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, California 92263 Attn: Executive Director (Space Above Line for Recorder' s Use Only) GRANT DEED FOR A VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic, herein called "Grantor, " hereby grants to GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, herein collectively called "Grantee, " the real property, hereinafter referred to as the "Property, " generally located at 431-439 North Palm Canyon Drive in the City of Palm Springs, Riverside County, California, more particularly described in Attachment No. 1 attached hereto and incorporated herein by this reference. GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust each take title to the Property each as to an individual one-half interest as tenants-in-common. It is understood and agreed that the property conveyed by this Grant Deed includes all improvements to the Property which are, either generally or for purposes of acquisition by Grantee, a part of the Property. Title to the Property is conveyed subject to all existing tenancies on the Property, to all real property taxes and assessments, and to all easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way, and other matters of record, of whatever kind or nature. EXHIBIT "C" FS2\178\014084-0006\2028581.3 03/29/93 Page 1 of 5 0 0 IN WITNESS WHEREOF, Grantor and Grantee have caused this instrument to be executed on their behalf by their respective officers or agents hereunto duly authorized this day of 19 "GRANTOR-AGENCY" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic By: Chairperson ATTEST: By: Secretary APPROVED AS TO FORM: RUTAN & TUCKER By: David J. Aleshire Agency Counsel "GRANTEE-DEVELOPER" GERALD WAYNE WANTLAND, as Trustee of the Gerald Wayne Wantland Revocable Trust By: HERBERT JAMES LANE, as Trustee of the Herbert James Lane Revocable Trust By: EXHIBIT "C" F82\178\014084-0006\2028581.3 03/29/93 Page 2 of 5 r STATE OF CALIFORNIA) ) ss. COUNTY OF RIVERSIDE) On the day of 19 , before me, the undersigned, a Notary Public, in and for the said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, which executed the within instrument, and personally known to me to be the person who executed the within instrument on behalf of the Agency therein named, and acknowledged to me that such Agency executed the within instrument pursuant to direction of its legislative body. WITNESS my hand and official seal . (SEAL) Notary Public STATE OF CALIFORNIA) ) ss . COUNTY OF RIVERSIDE) On the day of 19 before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors. WITNESS my hand and official seal . (SEAL) Notary Public EXHIBIT "C" FS2\178\014084-0006\2028581.3 03/29/93 Page 3 of 5 STATE OF CALIFORNIA) ) ss. COUNTY OF RIVERSIDE) On the day of 19 before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors . WITNESS my hand and official seal . (SEAL) Notary Public EXHIBIT "C" PS2\178\014084-0006\2028581.3 03/29/93 Page 4 of 5 ATTACHMENT NO. 1 TO EXHIBIT "C" DESCRIPTION OF PROPERTY THAT PORTION OF LOT 3 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: THE EASTERLY 86.78 FEET OF THE SOUTHERLY 75.00 FEET OF SAID LOT 3. EXHIBIT "C" F52\178\014084-0006\2028581.3 03/22/93 Page 5 of 5 EXHIBIT AD" DEPICTION OF EASEMENT TO DEVELOPER O n _ - i O � _ P Lill _ ALEJO K 3D I 1. y v A O. V a JI- 25750 Nor ra sum \77 EASEMENT OF ACCESS SA515 OF SEA,Z1N65 THE 3ZARING OF NO'OS'W AS 5AOWN FOR ,V. PALM CANYON OR.FE R M.S.9 r'S.4nZ 5.0.A/A5 U5EJ 45 7NE 3A,5i5 OF 3c.:.iZ:NC-fi:CK Ti{,�,NAT. CITY OF PALM SPRINGS DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION EXHIBIT'D"-EASEMEAIT OFACCE55 AQ>ROvEG A pz L 1 '1997 �� 28Z09 LEGAL R.C. 3 ANO 4/W 3LxK Z3 OFFALM 9PRlN6S,AS 590WN aY MAP ON F!L_IN 3CK 9 PA6 E y 2, OF09PS RECOR05 aF SAN OIESO COUNTY CAL(FORUTA CESiGry 3r SCALE. FILE Ns OE54A13EDASFOLWWE: R.A. ' LGA 93-OZ 128.90 FcETOF 5Al0 LOT 4-AWO 77/E WE5TERLY¢Z.IZ FEEY OF THE CHEC%EC ar OWG. Ho SHEET Na SOUTiicIZLY 4G.,X FEET OF ME EAST<2Lr fZB.90 f E£r OF Si10 LOT 3. z / CF FSM1781C14084-0C06\2028581.3 03/22/93 EXHIBIT "D° EXHIBIT "E" GRANT OF EASEMENT TO DEVELOPER FREE RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, California 92263 Attn: Executive Director (Space Above Line for Recorder' s Use Only) GRANT OF EASEMENT FOR A VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic ( "Grantor") , hereby GRANTS to GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, (collectively referred to as "Grantee") , the following described easement in the City of Palm Springs, County of Riverside, State of California: An easement for access purposes on, over, under, across, along, or through the following described property situate in the City of Palm Springs, County of Riverside, State of California: THOSE PORTIONS OF LOTS 3 AND 4 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432 , OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: THE NORTHERLY 25 . 00 FEET OF THE EASTERLY 128 . 90 FEET OF SAID LOT 4 AND THE WESTERLY 42 . 12 FEET OF THE SOUTHERLY 46 . 00 FEET OF THE EASTERLY 128 . 90 FEET OF SAID LOT 3 . CONTAINING 5 , 160 SQUARE FEET MORE OR LESS. All as shown on the map attached hereto as Attachment No. 1 and made a part hereof by this reference. EXHIBIT "E" F52\178\014084-0006\2028581.3 04/05/93 Page 1 of 5 Subject to covenants, conditions, restrictions, reservations, right, rights-of-way, and other matters of record, if any. The easement shall run with the land. IN WITNESS WHEREOF, Grantor and Grantee have caused this instrument to be executed on their behalf by their respective officers or agents hereunto duly authorized this day of 19 "GRANTOR" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic By: Chairperson ATTEST: By: Secretary APPROVED AS TO FORM: RUTAN & TUCKER By: David J. Aleshire Agency Counsel "GRANTEE" GERALD WAYNE WANTLAND, as Trustee of the Gerald Wayne Wantland Revocable Trust By: HERBERT JAMES LANE, as Trustee of the Herbert James Lane Revocable Trust By: EXHIBIT "E" AS2U781014084-000612028581.3 04/05/93 Page 2 of 5 i STATE OF CALIFORNIA) ) ss . COUNTY OF RIVERSIDE) On the day of 19 , before me, the undersigned, a Notary Public, in and for the said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, which executed the within instrument, and personally known to me to be the person who executed the within instrument on behalf of the Agency therein named, and acknowledged to me that such Agency executed the within instrument pursuant to direction of its legislative body. WITNESS my hand and official seal . (SEAL) Notary Public STATE OF CALIFORNIA) ) ss . COUNTY OF RIVERSIDE) On the day of 19 before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors . WITNESS my hand and official seal . (SEAL) ar Noty Public EXHIBIT "E" F52\178\014084-0006\2028581.3 04/05/93 Page 3 of 5 0 STATE OF CALIFORNIA) ) ss. COUNTY OF RIVERSIDE) On the day of 19 before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors. WITNESS my hand and official seal . (SEAL) Notary Public EXHIBIT "E" FS2\178\014084-0006\2028581.3 04/05/93 Page 4 of 5 ATTACBMENT N0. 1 TO EXHIBIT "E" MAP OF EASEMENT Z57 50' 33' /Z8.6O' /28.70' o O � , N lZ2' 0 3 U Mai glis �'•,'' ° ° 1 33_ /Z 8.6O'_ n. •. ' 86.78' ?l O •_ ;'' �t..' SITE AL'ALb� � RD. VIGl N/TY MAP Narr 5suL_�___ ® EASEMENT OF ACCESS SAStS OF SEARJNGS TH£ 3FAR1NC OF NO'08'W AS SHOWN FOR N, PALV CANYON DR.PER M.S.9 �-.432 S.D.WAS USED AS /;/Z SAS 15 OF 3EARJN65 Aral 7WAS MAR CITY OF PALM SPRINGS DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION EXh'/6/7-/`C"-EA5EMENTOFACCE55 APPROVED: AP2iL / I LEGAL DESCR/PT/O4/:T,{D5£PORTION OF LoTS CI ENGIN R R.C.E. 3 AND4W8L0X Z3 Of PALM 7PlUN65, �YK7VlN SY MN IN FILE lN. oESIaN lt: SCALE: FILE Np: OESG¢IBED AS fOC.WWS--�f/rE NOR7WEPLr 25.O0r 7a�fA5T—YAK R.A. l//-50/ LLA93-OZ 1239O Fai OF 3AIPLOT-FAND Tieff WES-TECLY¢ZJZ FEET OF 77/E CNEG%EC 9Y: Ow G. N. SNEE7 N• S07TNEFLY 4r-X FEET OF 771E EASTERLY IZ5.90 FEET DF541D LOT 3. 0 M P. of EXHIBIT "E" F5211781014084-000612028581.3 04/05/93 Page 5 of 5 EXHIBIT 'IF'] CERTIFICATE OF COMPLETION FREE RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: Executive Director (Space Above Line for Recorder' s Use Only) CERTIFICATE OF COMPLETION WHEREAS, by a Disposition and Development Agreement (hereinafter referred to as the "Agreement") dated 199 by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ( "Agency") , and GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, (hereinafter collectively referred to as "Developer" ) , Developer has redeveloped the real property (the "Site" ) , legally described on Attachment No. 1 attached hereto and incorporated herein by reference, according to the terms and conditions of said Agreement; and WHEREAS, pursuant to Section 4 . 7 of the Agreement, promptly after completion of all construction work to be completed by Developer upon the Site, and upon request by Developer, Agency shall furnish Developer with a Certificate of Completion in such form as to permit it to be recorded in the Official Records of the County of Riverside; and WHEREAS, the issuance by Agency of the Certificate of Completion shall be conclusive evidence that Developer has complied with the terms of the Agreement pertaining to the redevelopment of the Site; and WHEREAS, Developer has requested that Agency furnish Developer with the Certificate of Completion; and WHEREAS, Agency has conclusively determined that the redevelopment of the Site has been satisfactorily completed as required by the Agreement; and EXHIBIT "F" FS2\178\014084-0006\20285813 03/29/93 Page 1 of 3 • WHEREAS, the Agreement provided for certain covenants to run with the land, which covenants were incorporated in a Declaration of Covenants, Conditions and Restrictions (the "Declaration") ; NOW, THEREFORE: 1. As provided in the Agreement, Agency does hereby certify that redevelopment of the Site has been fully and satisfactorily performed and completed, and that such redevelopment is in full compliance with said Agreement. 2 . This Certificate of Completion shall not constitute evidence of Developer' s compliance with the Declaration, the provisions of which shall continue to run with the land. 3 . This Certificate of Completion shall not constitute evidence of compliance with or satisfaction of any obligation of Developer to any holder of a mortgage, or any insurer of a mortgage, securing money loaned to finance construction work on the Site, or any part thereof. Nothing contained herein shall modify in any way any other provision of said Agreement. 4 . This Certificate is not a Notice of Completion as referred to in California Civil Code Section 3093 . 5 . Except as stated herein, nothing contained in this instrument shall modify in any way any other provisions of the Agreement or any other provisions of the documents incorporated therein. IN WITNESS WHEREOF, Agency has executed this Certificate as of this day of 1 199 COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS a public body, corporate and politic By Executive Director EXHIBIT "F" FS2\178\014084-0006\2028581.3 03/29/93 Page 2 of 3 Attachment No. 1 To Exhibit "F" LEGAL DESCRIPTION OF SITE THAT PORTION OF LOT 3 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: THE EASTERLY 86.78 FEET OF THE SOUTHERLY 75.00 FEET OF SAID LOT 3. EXHIBIT "F" FS2\178\014084-0006\2028581.3 03/22/93 Page 3 of 3 0 EXHIBIT "G" DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FREE RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: Executive Director (Space Above Line For Recorder' s Use Only) DECLARATION OF COVENANTS , CONDITIONS AND RESTRICTIONS THIS DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS ( "Declaration") is made this day of , 199 by and among GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust (collectively "Declarant") , the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic ( "Agency") , and the CITY OF PALM SPRINGS, a municipal corporation ( "City" ) . R E C I T A L S : A. Declarant is the owner of that certain real property located in the City of Palm Springs, County of Riverside, State of California more particularly described on Attachment No. 1 attached hereto and incorporated herein by reference ( "Property" ) . B. The Property is within the Central Business District Redevelopment Project Area ( "Project Area" ) specifically described in the Redevelopment Plan for the Project Area which was approved and adopted by the City Council of the City of Palm Springs by Ordinance No. 952 on May 23 , 1973 and as subsequently amended by means of ordinances of the City Council . C. The Agency and the City have fee or easement interests in various streets, sidewalks and other property within the City and are responsible for the planning and development of land within the City in such a manner so as to provide for the health, safety and welfare of the residents of the City. That portion of the Agency' s interest in real property most directly affected by this Agreement EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 1 of 19 0 expressly and exclusively for the use and benefit of the Agency and City. TERMS AND CONDITIONS ARTICLE I COVENANTS, CONDITIONS AND RESTRICTIONS 1. 1 General . The Property shall be developed and used only as permitted by the restrictions contained in the Site Plan, Redevelopment Plan and Disposition and Development Agreement for the time periods provided therein. 1.2 Maintenance Agreement. Declarant, for itself and its successors and assigns, hereby covenants and agrees to maintain and repair or cause to be maintained and repaired the Property and all related on-site improvements and landscaping thereon at its sole cost and expense, including, without limitation, buildings, parking areas, lighting, signs, and walls, in a first class condition and repair, free of rubbish, debris, and other hazards to persons using the same, and in accordance with all applicable laws, rules, ordinances, and regulations of all federal, state, and local bodies and agencies having jurisdiction over the Property. Such maintenance and repair shall include, but not be limited to, the following: (i) sweeping and trash removal; (ii) the care and replacement of all shrubbery, plantings, and other landscaping in a healthy condition; and (iii) the repair, replacement and restriping of asphalt or concrete paving using the same type of material originally installed, to the end that such pavings at all times be kept in a level and smooth condition. In addition, Declarant shall be required to maintain the Property in such a manner as to avoid the reasonable determination of a duly authorized official of the Agency or City that a public nuisance has been created by the absence of adequate maintenance such as to be detrimental to the public health, safety or general welfare or that such a condition of deterioration or disrepair causes appreciable harm or is materially detrimental to property or improvements within one thousand (1, 000) feet of such portion of the Property. 1 . 3 Parking and Driveways . The driveways and traffic aisles on the Property shall be kept clear and unobstructed at all times except as is necessary for (i) construction or excavation on the Property and (ii) activities to prevent a public dedication of the Property or the accrual of prescriptive rights over the Property, including reasonable actions to cordon-off the parking area during non-business hours . No vehicles or other obstruction shall project into any of such driveways or traffic aisles . Declarant shall use its best efforts to insure that vehicles associated with the EXHIBIT "G" PS2\178\014084-0006\2028581.3 03/29/93 Page 3 of 19 0 M is depicted in Attachment No. 2 attached hereto and incorporated herein by reference ( "Public Parcel" ) . D. The purpose of the Redevelopment Plan is to remedy and alleviate blighted conditions associated with undeveloped and unproductive land, inadequate street and circulation systems, unsuitable land mixes, inadequate or total lack of public street improvements, and the existence of substandard and incompatible uses and structures . The redevelopment and restriction of the Property in accordance with the Redevelopment Plan will promote the utility and value of the Property and of the Project Area, for the benefit of its future owners and the entire city. E. Pursuant to the Redevelopment Plan, Declarant has entered into a Disposition and Development Agreement with the Agency which Agreement places certain restrictions on the Property. Pursuant to the City' s development requirements, the City has approved or will approve a site plan for the development of the Property ( "Site Plan") , which plan places certain restrictions on the Property. Said Redevelopment Plan, Disposition and Development Agreement and Site Plan (i) are on file and may be reviewed in the office of the executive director of the Agency ( "Executive Director" ) , in the Palm Springs City Hall and (ii) are each incorporated herein by this reference and made a part hereof as though fully set forth herein. F. Declarant, the Agency, and City intend, in exchange for the entering into the Disposition and Development Agreement by the Agency and the approval of the Site Plan by City, that the Declarant hold, sell, and convey the Property subject to the covenants, conditions, restrictions, and reservations set forth in this Declaration and that the Agency and City shall have the right and power to enforce the covenants, conditions, restrictions, and reservations as provided herein. G. Declarant desires to establish and grant certain covenants, conditions and restrictions upon the property for the benefit of the Agency and the City and their respective successors and assigns for the purpose of enhancing and protecting the value, desirability and attractiveness of the Property and effectuating the Redevelopment Plan. Such covenants, conditions and restrictions shall run to the benefit of the Public Parcel and bind the Property, the Declarant and its successors and assigns . NOW, THEREFORE, the Declarant, Agency, and City declare, covenant and agree, by and for themselves, their heirs, executors and assigns, and all persons claiming under or through them that the Property shall be held, transferred, encumbered, used, sold, conveyed, leased, and occupied subject to the covenants and restrictions hereinafter set forth, which covenants are established EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 2 of 19 operation of the Property, including delivery vehicles, vehicles of customers and employees, and vehicles of persons with business on the Property will park solely on the Property and not park on public streets or adjacent property. 1.4 Compliance With Ordinances . 1 .4 . 1 Declarant shall comply with all ordinances, regulations, and standards of the City and Agency applicable to the Property. 1 . 4 .2 Declarant shall provide any proposed tenants of any portion of the Property with a copy of the conditions to approval of the Site Plan and this Declaration and shall, prior to entering into any lease agreement, have the proposed tenant execute an affidavit agreeing to comply with the provisions of this Declaration. All lease agreements shall be in writing and shall contain provisions which make compliance with the conditions of the Site Plan and this Declaration and the requirements of the City relating to signs, permits, and business licenses express covenants of the Lease. 1.4 .3 Declarant shall comply with all rules and regulations of any assessment district of the City with jurisdiction over the Property. 1 . 5 Nondiscrimination. 1.5 . 1 There shall be no discrimination against or segregation of any person, or group of persons, on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any part thereof, nor shall Declarant, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Property, or any part thereof. 1.5 .2 Declarant shall not restrict the rental, sale or lease of any portion of the Property on the basis of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin of any person. Any and all agreements relating to the rental, sale or lease of the Site, or any portion thereof, shall contain the following nondiscrimination and nonsegregation clauses (or clauses substantially similar thereto) : 1 .5 .2 . 1 Clause for Deeds . The following language shall appear in deeds: EXHIBIT "G" F52\178\014084-0006\2028581.3 03/29/93 Page 4 of 19 "The grantee herein covenants by and for itself, its heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, sublease, transfer, use, occupancy, tenure, or enjoyment of the land herein conveyed, nor shall the grantee itself, or any persons claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land. " 1 . 5 .2 .2 Clause for Leases . The following language shall appear in leases : "The lessee herein covenants by and for itself, its heirs, executors, administrators, successors, and assigns, and all persons claiming under or through them, and this lease is made and accepted upon and subject to the following conditions : That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the leasing, subleasing, renting, transferring, use, occupancy, tenure, or enjoyment of the land herein leased nor shall the lessee itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the land herein leased. " 1. 5 .2 . 3 Clause for Contracts . The following language shall appear in contracts: "There shall be no discrimination against or segregation of any persons or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, subleases, transfer, use, occupancy, tenure, or enjoyment of the land, nor shall the transferee itself, or any person claiming under EXHIBIT "G" HS2\178\014084-0006\2028581.3 03/29/93 Page 5 of 19 • • or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of land. " 1 . 6 Outside Storage. No storage of any kind shall be permitted outside the building (s) located on the Property except for trash or other storage in any outside storage areas approved by the Agency or as required by law. Adequate trash enclosures shall be provided and screened. Locations of such areas and types of screening must be approved by the Executive Director. Gates for trash storage areas shall be kept closed at all times except when in actual use. 1 . 7 Buildings and Equipment. Any construction, repair, modification, or alteration of any buildings, equipment, structures or improvements on the Property shall be subject to the following restrictions : 1. 7 . 1 All mechanical and electrical fixtures and equipment to be installed on the roof or on the ground shall be adequately and decoratively screened. The screening must blend with the architectural design of the building (s) . Equipment on the roof must be at least six (6) inches lower than the parapet line and adequately screened. All details and materials of said screening shall be approved by the Executive Director prior to installation. 1 . 7.2 The texture, materials, and colors used on the buildings, as well as the design, height, texture, and color of fences and walls shall be subject to the approval of the Executive Director. 1. 7 .3 No sirens, outside paging, or any type of signalization shall be permitted, except approved alarm systems. 1. 7 .4 Signs on the Property shall conform to the standards and ordinances of the City and to a uniform design theme approved by the Agency. Any signs installed on the Property shall conform to said design scheme and shall be approved by the Executive Director prior to installation. 1. 7 .5 Lights installed on the building shall be a decorative design. No lights shall be permitted which may create any glare or have a negative impact on the residential areas, if any, existing around the Property. No light stand on any portion of the Property shall be higher than fifteen (15) feet. The design and location of any lights shall be subject to the approval of the Executive Director. EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 6 of 19 • 0 1 . 7 . 6 No fences, signs, gas pumps, or any other similar facilities shall be constructed or provided on the Property without the prior approval of the Executive Director. 1 . 8 Prohibition on Transfers . Prior to the issuance of the Certificate of Completion pursuant to Section 4 . 7 of the Disposition and Development Agreement, Declarant shall not transfer the Disposition and Development Agreement or any of Declarant' s rights thereunder, or any interest in the Property or in the improvements thereon, directly or indirectly, voluntarily or by operation of law, except in accordance with Section 4 . 8 of the Disposition and Development Agreement . 1 . 9 Public Agency Rights of Access . Developer hereby grants to the Agency, the City, and other public agencies the right, at their sole risk and expense, to enter the Site or any part thereof at all reasonable times with as little interference as possible for the purpose of construction, reconstruction, relocation, maintenance, repair, or service of any public improvements or public facilities located on the Site. Any damage or injury to the Site or to the improvements constructed thereon resulting from such entry shall be promptly repaired at the sole expense of the public agency responsible for the entry. ARTICLE II ENFORCEMENT 2 . 1 Termination. No breach of this Declaration shall entitle any party to cancel, rescind or otherwise terminate this Declaration, or excuse the performance of such party' s obligations hereunder; provided that, however, this limitation shall not affect in any manner any other rights or remedies which the parties may have by reason of such breach. 2 .2 Injunction. Notwithstanding anything contained herein to the contrary, in the event of any violation or threatened violation of any of the terms, covenants, restrictions, and conditions contained herein, in addition to the other remedies herein provided, the parties hereto shall have the right to enjoin such violation or threatened violation in a court of competent jurisdiction. 2 .3 Other Rights of Agency and CitX. In the event of any violation or threatened violation of any of the provisions of this Declaration, then in addition to, but not in lieu of, any of the rights or remedies the Agency and City may have to enforce the provisions hereof, the Agency and City shall have the right (i) to enforce the provisions hereof as a party hereto and as an owner of the Public Parcel, and (ii) to withhold or revoke, after giving written notice of said violation, any building permits, occupancy EXHIBIT "G" F52\178\014084-0006\2028581.3 03/29/93 Page 7 of 19 permits, certificates of occupancy, business licenses, and similar matters or approvals pertaining to the Property or any part thereof or interests therein as to the violating person or one threatening violation. 2 .4 Failure to Perform: Lien. If any owner of the Property defaults on the performance of any of its obligations hereunder, the Agency or City, their employees, contractors and agents may, at their sole option, and after making reasonable demand of the owner of the Property that it cure said default, enter onto the Property for the purpose of curing the default. In making an entry, the Agency or City shall give the owners of the Property or their representative, reasonable notice of the time and manner of said entry and said entry shall only be at such times and in such manners as is reasonably necessary to carry out this Agreement. In such event, the owner of the Property shall reimburse the Agency or City for all costs and expenses related to the curing of said default. If the Agency or City is not reimbursed for such costs by the owner of the Property within 30 days after giving notice thereof, the same shall be deemed delinquent, and the amount thereof shall bear interest thereafter at a rate of ten percent (100) per annum until paid. Any and all delinquent amounts, together with said interest, costs and reasonable attorneys fees shall be a personal obligation of the owner of the Property as well as a lien and charge, with power of sale, upon the Property. The Agency may bring an action at law against the owner of the Property to pay any such sums . The lien provided for in this Section 2 .4 may be recorded by the Agency as a Notice of Lien against the Property in the Office of the County Recorder, County of Riverside, signed and acknowledged, which Notice of Lien shall contain a statement of the unpaid amount of costs and expenses . The priority of such lien when so established against the Property shall date from the date such notice is filed of record and shall be prior and superior to any right, title, interest, lien, or claim which may be or has been acquired or attached to such real property at the time of recording of such lien, but shall be junior and subordinate to matters having a priority prior to the date such notice is recorded; provided that, however, said lien shall be subordinate to any bona fide mortgage or deed of trust and any purchaser at any foreclosure or trustee' s sale under any such bona fide mortgage or deed of trust as provided in Section 3 . 3 below. Such lien shall be for the use and benefit of the person filing the same, and may be enforced and foreclosed in a suit or action brought in any court of competent jurisdiction. Any such lien may be enforced by the Agency or City by taking either or both of the following actions concurrently or separately (and by exercising either of the remedies set forth below shall not prejudice or waive its rights to exercise the remedy) : (i) bring an action at law against the defaulting party personally obligated to pay such lien or (ii) foreclose such lien EXHIBIT "G" F52\178\014084-0006\2028581.3 03/29/93 Page 8 of 19 0 in accordance with the provisions of Section 2924 of the California Civil Code applicable to the exercise of powers of sale or mortgages and deeds of trust, or any other manner permitted by California law. Upon the timely curing of any default for which such lien was recorded, the City or Agency shall record an appropriate release of such lien, and sign any other documents reasonably necessary to satisfy title insurance requirements, upon payment by the owner of the Property of a reasonable fee to cover the costs of preparing and recording such release, together with the payment of such other costs, including without limitation, reasonable attorneys fees, court costs, interest, or other fees which have been incurred. ARTICLE III ENCUMBRANCES, MORTGAGE PROTECTION AND TAXES 3 . 1 Declarant' s Breach Not to Default Mortgage Lien. Declarant' s breach of any of the covenants or restrictions contained in this Declaration or the Disposition and Development Agreement shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value as to the Property or any part thereof or interest therein, whether or not said mortgage or deed of trust is subordinated to this Declaration or the Disposition and Development Agreement; but, unless otherwise herein provided, the terms, conditions, covenants, restrictions and reservations of this Declaration and the Disposition and Development Agreement shall be binding and effective against the holder of any such mortgage or deed of trust and any owner of any of the Property or any part thereof whose title thereto is acquired by foreclosure, trustee' s sale, or otherwise. 3 .2 Amendments or Modifications to Declaration. No purported rule, regulation, modification, amendment, and/or termination of this Declaration or the Disposition and Development Agreement shall be binding upon or affect the rights of any mortgagee holding a mortgage or deed of trust upon the Property that is recorded in the Office of the Riverside County Recorder prior to the date any such rule, regulation, modification, amendment, or termination is recorded in such office, without the prior written consent of such mortgagee. 3 .3 Liens Subordinate. Any monetary lien provided for herein shall be subordinate to any bona fide mortgage or deed of trust covering an ownership interest or leasehold or subleasehold estate in and to the Property and any purchaser at any foreclosure or trustee' s sale (as well as any by deed or assignment in lieu of foreclosure or trustee' s sale) under any such mortgage or deed of trust shall take title free from any such monetary lien, but EXHIBIT "G" F52\178\014084-0006\2028581.3 03/29I93 Page 9 of 19 • otherwise subject to the provisions hereof; provided that, after the foreclosure of any such mortgage and/or deed of trust, all other assessments provided for herein to the extent they relate to the expenses incurred subsequent to such foreclosure, assessed hereunder to the purchaser at the foreclosure sale, as owner of the Property after the date of such foreclosure sale, shall become a lien upon the Property and may be perfected and foreclosed as provided in Section 2 . 4 . 3 .4 Payment of Taxes and Assessments . Declarant shall pay, when due, all real estate taxes and assessments assessed or levied against the Property. Nothing herein contained shall be deemed or prohibit Declarant from contesting the validity or amounts of any tax or assessments nor to limit the remedies available to Declarant with respect thereto. ARTICLE IV COVENANTS TO RUN WITH THE LAND 4 . 1 Covenants Running With the Land. This Declaration is designed to create equitable servitudes and covenants appurtenant to the Public Parcel and running with the Property. Declarant hereby declares that all of the Property shall be held, sold, conveyed, encumbered, hypothecated, leased, used, occupied, and improved subject to the covenants, conditions, restrictions and equitable servitudes, all of which are for the purposes of uniformly enhancing or protecting the value, attractiveness and desirability of the Property and effectuating the Redevelopment Plan. The covenants, conditions, restrictions, reservations, equitable servitudes, liens, and charges set forth herein shall run with the Property and shall be binding upon all persons having any right, title, or interest in the Property, or any part thereof, their heirs, successive owners and assigns; shall inure to the benefit of every portion of the Public Parcel and any interest therein; shall inure to the benefit of the Agency, the City and their successors and assigns and successors in interest; shall be binding upon Declarant, its successors and assigns and successors in interest; and may be enforced by the Agency and City. Agency and Declarant hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that Declarant' s legal interest in the Property is rendered less valuable thereby. Agency and Declarant hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Property by the citizens of the City and by furthering the public purposes for which the Agency was formed. EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 10 of 19 4 .2 Agreement Among Declarant. Agency, and City. The Declarant, in exchange for entering the Disposition and Development Agreement by the Agency and granting of the Site Plan by City, hereby agrees to hold, sell, and convey the Property subject to the covenants, conditions, restrictions, and reservations of this Declaration. Declarant also grants to the Agency and City the right and power to enforce the covenants, conditions, restrictions, and reservations contained in this Declaration against the Declarant and all persons having any right, title, or interest in the Property, or any part thereof, their heirs, successive owners, and assigns . ARTICLE V TERM The covenants, conditions and restrictions contained in this Declaration shall remain in effect until July 27, 2008, which is the expiration date of the Redevelopment Plan; provided that, however, the covenants contained in Section 1.5 shall remain in effect in perpetuity. ARTICLE VI MISCELLANEOUS 6 . 1 Modification. This Declaration may not be modified, terminated, or rescinded, in whole or in part, except by a written instrument duly executed and acknowledged by the parties hereto, their successors, or assigns and duly recorded in the Office of the County Recorder, County of Riverside. 6 .2 Governing Law. This Declaration shall be governed by and construed in accordance with the laws of the State of California. 6 . 3 Severability. The invalidity or unenforceability of any provision of this Declaration with respect to a particular party or set of circumstances shall not in any way affect the validity and enforceability of any other provision hereof, or the same provision when applied to another party or to a different set of circumstances . EXHIBIT "G" P52\178\014084-00W2028581.3 03/29/93 Page 11 of 19 • 6 .4 Notices . Any notice to be given under this Declaration shall be given by personal delivery or by depositing the same in the United States Mail, certified or registered, postage prepaid, at the following address : Agency: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: Executive Director City: CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: City Manager With Copy to: RUTAN & TUCKER P.O. Box 1950 611 Anton Blvd. , Suite 1400 Costa Mesa, CA 92626 Attn: David J. Aleshire, Esq. Declarant : VILLAGE FLORIST GIFT SHOPPE 181 North Indian Avenue Palm Springs, California 92262 Attn: Gerald Wantland With Copy to: Mr. Kipp Lyons 400 S . Farrell Drive, Suite B 200-2 Palm Springs, California 92262 Any notice delivered personally shall be effective upon delivery. Any notice given by mail as above provided shall be effective forty-eight (48) hours after deposit in the mails . Any party may change address for notice by giving written notice of such change to the other party. 6 . 5 Counterparts . This Declaration may be executed in any number of counterparts each of which shall be an original but all of which shall constitute one and the same document. EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 12 of 19 • i IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. "DECLARANT" GERALD WAYNE WANTLAND, as Trustee of the Gerald Wayne Wantland Revocable Trust By: HERBERT JAMES LANE, as Trustee of the Herbert James Lane Revocable Trust By: EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 13 of 19 i • "AGENCY" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic By: Executive Director ATTEST: By: Secretary "CITY" CITY OF PALM SPRINGS, a municipal corporation By: City Manager ATTEST: By: City Clerk APPROVED AS TO FORM: RUTAN & TUCKER David J. Aleshire, Agency Counsel and City Attorney EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 14 of 19 SUBORDINATION The undersigned, as holders of the beneficial interest in and under that certain Deed of Trust dated , and recorded on in the Office of the Riverside County Recorder as Instrument No. (the "Deed of Trust" ) which Deed of Trust is by and between , as Beneficiary, hereby expressly subordinate said Deed of Trust and its beneficial interests thereunder to the foregoing Declaration of Covenants, Conditions and Restrictions between and the City of Palm Springs . Dated: By: Its - By: Its • [ADD JURAT] EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 15 of 19 0 STATE OF CALIFORNIA ) ) ss . COUNTY OF RIVERSIDE ) On the day of 199 , before me, the undersigned, a Notary Public, in and for said State and County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as the on behalf of the CITY OF PALM SPRINGS, the municipal corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to direction of its legislative body. WITNESS my hand and official seal . Notary Public (SEAL) STATE OF CALIFORNIA ) ss . COUNTY OF RIVERSIDE ) On the day of 199 , before me, the undersigned, a Notary Public, in and for said State and County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as the Executive Director on behalf of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, the public body, corporate and politic therein named, and acknowledged to me that such body executed the within instrument pursuant to direction of its legislative body. WITNESS my hand and official seal . Notary Public (SEAL) EXHIBIT "G" PS2\178\014084-0006\2028581.3 03/29/93 Page 16 of 19 9 STATE OF CALIFORNIA) ) ss . COUNTY OF RIVERSIDE) On the day of 19 , before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors . WITNESS my hand and official seal . Notary Public (SEAL) STATE OF CALIFORNIA) ) ss . COUNTY OF RIVERSIDE) On the day of 19 , before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors . WITNESS my hand and official seal. Notary Public (SEAL) EXHIBIT "G" FS2\178\014084-0006\2028581.3 03/29/93 Page 17 of 19 0 ATTACHMENT NO. 1 TO EXHIBIT "G" LEGAL DESCRIPTION OF THE PROPERTY 33' /ZS.Gd /ZB.70 10' 0 8 N ctl_ 0 3v Q W1 8 IN 33' 86.78' 40' 2 3 ,^n 125.90, AL3J0 o RD. Z O ' i ``\ �'• s ,517E Yo $ 1 N W O VlClulrr MAP __ 25750' wor To PUBLIC PARCEL - BASIS OF SEARlNE'S j THE BEARING OF NO°08'W AS 5AOWN FOR M PALM CANYON DR.PER M.S.5 F6.4i2 S.D.WAS 1 05a 0 AS 71/E 5A515 OF BEARINGS FOK 77,'15 MA,- CITY OF PALM SPRINGS DEPARTMENT OF PUBIC WORKS ENGINEERING DIVISION EXHIBIT 1161' PUBLIC PARCEL APPROVED AP/!IL z ''995 /T'77 28209 LEGAL DESCR1F7-101V:Th'OEE PoRTIONS OFLOTS CII/TYlE N 13 E.R R.C.E. 3 AND 4IN BLOCK Z3 OFPALM 5J9/065,AS 5HOWN 15YA41P ONFILE IN DESIGN BY SCALE: FILE Np' DESCA1 EOGAS FOGLOWS.P7WEEdlORTHERLY2500FE 7-OF7NE&5TERLY' R.A. /u=501 LLM3-DZ 128.90 FEET OF SAID LOT4ANO THE WE57ERLY 42.12 FEETOF 7HE CHECxED By DWG. N.. SHEET H• i EOOTNERLY 75.DO FzE7OF IF/E EASTERLY I28.90 FEET OF BA 10 L07 3, D.M.P. 3 DF EXHIBIT "G" FS2\178WI4084-0006\2028581.3 03/22/93 Page 18 of 19 ATTACBMENT NO. 2 TO EXHIBIT "G" DEPICTION OF PUBLIC PARCEL THAT PORTION OF LOT 3 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: THE EASTERLY 86.78 FEET OF THE SOUTHERLY 75.00 FEET OF SAID LOT 3. EXHIBIT "G" FS2\178\014094-W06\2028581.3 03/22/93 Page 19 of 19 PA1B2 Wantland/Lane - DDA re Morrison Bldg Stewart Tit16 CO. • Exec Exh C to DDA-Grant Deed AGREEMENT #314 R18070 R880, 4-7-93 WC)__ - — kk• — - v '� 3 ga C� O o FREE RECORDING REQUESTED BY W m s AND WHEN RECORDED RETURN TO: W ~ COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS LU 3200 East Tahquitz Canyon Way Palm Springs, California 92263 -' Attn: Executive Director- r (Space Above Line for Recorder's Use On GRANT DEED h FOR A VALUABLE CONSIDERATION, the receipt of which is hereby YI acknowledged, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic, herein called "Grantor, " hereby grants to GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, herein collectively called "Grantee, " the real property, hereinafter referred to as the "Property, " generally located at 431-439 North Palm Canyon Drive in the City of Palm Springs, Riverside County, California, more particularly described in Attachment No. 1 attached hereto and incorporated herein by this reference. GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust each take title to the Property each as to an individual one-half interest as tenants-in-common. It is understood and agreed that the property conveyed by this Grant Deed includes all improvements to the Property which are, either generally or for purposes of acquisition by Grantee, a part of the Property. Title to the Property is conveyed subject to all existing tenancies on the Property, to all real property taxes and assessments, and to all easements, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way, and other matters of record, of whatever kind or nature. FS2\178\014084-OD0612028581.3 O4/14193 PA1B2 Wantland/Lane - DDA Stewart TRIO Co. • � re Morrison Bldg Exec Exh E to DDA-Grant Esmt 0 AGREEMENT #314 R18070 R880, 4-7-93 FREE RECORDING REQUESTED BY O AND WHEN RECORDED RETURN TO: W V M g rn U COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 0 O 3200 East Tahquitz Canyon Way p o s Palm Springs, California 92263 W H q Attn: Executive Director - PiTC�; �,. W a W (Space Above Line for Recorder's GRANT OF EASEMENT FOR A VALUABLE CONSIDERATION, the receipt of which is hereby [\ acknowledged, the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF u PALM SPRINGS, a public body, corporate and politic ("Grantor") , hereby GRANTS to GERALD WAYNE WANTLAND as Trustee of the Gerald ( Wayne Wantland Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust, (collectively referred to as "Grantee") , the following described easement in the City of Palm Springs, County of Riverside, State of California: An easement for access purposes on, over, under, across, along, or through the following described property situate in the City of Palm Springs, County of Riverside, State of California: THOSE PORTIONS OF LOTS 3 AND 4 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: THE NORTHERLY 25 . 00 FEET OF THE EASTERLY 128 .90 FEET OF SAID LOT 4 AND THE WESTERLY 42 .12 FEET OF THE SOUTHERLY 46. 00 FEET OF THE EASTERLY 128.90 FEET OF SAID LOT 3 . CONTAINING 5, 160 SQUARE FEET MORE OR LESS. All as shown on the map attached hereto as Attachment No. 1 and made a part hereof by this reference. Subject to covenants, conditions, restrictions, reservations, right, rights-of-way, and other matters of record, if any. This easement shall run with the land and shall be deemed an easement appurtenant to the land described in Attachment No. 2 ( "Dominant Tenement") , and the easement shall pass with the Dominant Tenement and benefit any owner of the Dominant Tenement. F52VI7M0140U4)006\20442i2. oa19193 Page 1 of 6 StewartT► le Co. -IS CCCC U M LU 66 } cr FREE RECORDING REQUESTED BY W ¢ M a AND WHEN RECORDED MAIL TO: 0 �a ►u (Q COMMUNITY REDEVELOPMENT AGENCY PA1B2 Wantland/Lane - DA OF THE CITY OF PALM SPRINGS re Morrison Bldg C? 3200 East Tahquitz Canyon Way Exec Exh G to DDA-CC&Rs Palm Springs, CA 92263 AGREEMENT #314 R18070 Attn: Executive Director R880, 4-7-93 (Space Above Line For Recorder's Use Only) DECLARATION OF COVENANTS . CONDITIONS AND RESTRICTIONS S THIS DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS ("Declaration") is made this ,?7L day of "�"� 199 Eby and among GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland (Y� Revocable Trust and HERBERT JAMES LANE as Trustee of the Herbert James Lane Revocable Trust (collectively "Declarant") , the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a U� public body, corporate and politic ("Agency") , and the CITY OF PALM (� SPRINGS, a municipal corporation ("City") . V R E C I T A L S: A. Declarant is the owner of that certain real property located in the City of Palm Springs, County of Riverside, State of California more particularly described on Attachment No. 1 attached hereto and incorporated herein by reference ("Property") . B. The Property is within the Central Business District Redevelopment Project Area ("Project Area") specifically described in the Redevelopment Plan for the Project Area which was approved and adopted by the City Council of the City of Palm Springs by Ordinance No. 952 on May 23 , 1973 and as subsequently amended by means of ordinances of the City Council. C. The Agency and the City have fee or easement interests in various streets, sidewalks and other property within the City and are responsible for the planning and development of land within the City in such a manner so as to provide for the health, safety and welfare of the residents of the City. That portion of the Agency's interest in real property most directly affected by this Agreement FS2\178\014084-0006\2028581.3 04/14/93 -1- is depicted in Attachment No. 2 attached hereto and incorporated herein by reference ("Public Parcel") . D. The purpose of the Redevelopment Plan is to remedy and alleviate blighted conditions associated with undeveloped and unproductive land, inadequate street and circulation systems, unsuitable land mixes, inadequate or total lack of public street improvements, and the existence of substandard and incompatible uses and structures. The redevelopment and restriction of the Property in accordance with the Redevelopment Plan will promote the utility and value of the Property and of the Project Area, for the benefit of its future owners and the entire city. E. Pursuant to the Redevelopment Plan, Declarant has entered into a Disposition and Development Agreement with the Agency which Agreement places certain restrictions on the Property. Pursuant to the City's development requirements, the City has approved or will approve a site plan for the development of the Property ("Site Plan") , which plan places certain restrictions on the Property. Said Redevelopment Plan, Disposition and Development Agreement and Site Plan (i) are on file and may be reviewed in the office of the executive director of the Agency ("Executive Director") , in the Palm Springs City Hall and (ii) are each incorporated herein by this reference and made a part hereof as though fully set forth herein. F. Declarant, the Agency, and City intend, in exchange for the entering into the Disposition and Development Agreement by the Agency and the approval of the Site Plan by City, that the Declarant hold, sell, and convey the Property subject to the covenants, conditions, restrictions, and reservations set forth in this Declaration and that the Agency and City shall have the right and power to enforce the covenants, conditions, restrictions, and reservations as provided herein. G. Declarant desires to establish and grant certain covenants, conditions and restrictions upon the property for the benefit of the Agency and the City and their respective successors and assigns for the purpose of enhancing and protecting the value, desirability and attractiveness of the Property and effectuating the Redevelopment Plan. Such covenants, conditions and restrictions shall run to the benefit of the Public Parcel and bind the Property, the Declarant and its successors and assigns. NOW, THEREFORE, the Declarant, Agency, and City declare, covenant and agree, by and for themselves, their heirs, executors and assigns, and all persons claiming under or through them that the Property shall be held, transferred, encumbered, used, sold, conveyed, leased, and occupied subject to the covenants and restrictions hereinafter set forth, which covenants are established FS2\178\014084-0006\2028581.3 C4114/93 -2- �l �1 19 xe9s expressly and exclusively for the use and benefit of the Agency and City. TERMS AND CONDITIONS ARTICLE I COVENANTS, CONDITIONS AND RESTRICTIONS 1. 1 General. The Property shall be developed and used only as permitted by the restrictions contained in the Site Plan, Redevelopment Plan and Disposition and Development Agreement for the time periods provided therein. 1. 2 Maintenance Agreement. Declarant, for itself and its successors and assigns, hereby covenants and agrees to maintain and repair or cause to be maintained and repaired the Property and all related on-site improvements and landscaping thereon at its sole cost and expense, including, without limitation, buildings, parking areas, lighting, signs, and walls, in a first class condition and repair, free of rubbish, debris, and other hazards to persons using the same, and in accordance with all applicable laws, rules, ordinances, and regulations of all federal, state, and local bodies and agencies having jurisdiction over the Property. Such maintenance and repair shall include, but not be limited to, the following: (i) sweeping and trash removal; (ii) the care and replacement of all shrubbery, plantings, and other landscaping in a healthy condition; and (iii) the repair, replacement and restriping of asphalt or concrete paving using the same type of material originally installed, to the end that such pavings at all times be kept in a level and smooth condition. In addition, Declarant shall be required to maintain the Property in such a manner as to avoid the reasonable determination of a duly authorized official of the Agency or City that a public nuisance has been created by the absence of adequate maintenance such as to be detrimental to the public health, safety or general welfare or that such a condition of deterioration or disrepair causes appreciable harm or is materially detrimental to property or improvements within one thousand (1, 000) feet of such portion of the Property. 1.3 Parking and Driveways. The driveways and traffic aisles on the Property shall be kept clear and unobstructed at all times except as is necessary for (i) construction or excavation on the Property and (ii) activities to prevent a public dedication of the Property or the accrual of prescriptive rights over the Property, including reasonable actions to cordon-off the parking area during non-business hours. No vehicles or other obstruction shall project into any of such driveways or traffic aisles. Declarant shall use its best efforts to insure that vehicles associated with the PS2\178\014084-0006\2028581.3 04/14/93 -3- i operation of the Property, including delivery vehicles, vehicles of customers and employees, and vehicles of persons with business on the Property will park solely on the Property and not park on public streets or adjacent property. 1. 4 Compliance With Ordinances. 1.4. 1 Declarant shall comply with all ordinances, regulations, and standards of the City and Agency applicable to the Property. 1.4. 2 Declarant shall provide any proposed tenants of any portion of the Property with a copy of the conditions to approval of the Site Plan and this Declaration and shall, prior to entering into any lease agreement, have the proposed tenant execute an affidavit agreeing to comply with the provisions of this Declaration. All lease agreements shall be in writing and shall contain provisions which make compliance with the conditions of the Site Plan and this Declaration and the requirements of the City relating to signs, permits, and business licenses express covenants of the Lease. 1.4 .3 Declarant shall comply with all rules and regulations of any assessment district of the City with jurisdiction over the Property. 1. 5 Nondiscrimination. 1. 5. 1 There shall be no discrimination against or segregation of any person, or group of persons, on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any part thereof, nor shall Declarant, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Property, or any part thereof. 1. 5. 2 Declarant shall not restrict the rental, sale or lease of any portion of the Property on the basis of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin of any person. Any and all agreements relating to the rental, sale or lease of the Site, or any portion thereof, shall contain the following nondiscrimination and nonsegregation clauses (or clauses substantially similar thereto) : 1. 5. 2 . 1 Clause for Deeds. The following language shall appear in deeds: PS2\178\014084-0006\2028581.3 04/14/93 -4- 191 395 "The grantee herein covenants by and for itself, its heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, sublease, transfer, use, occupancy, tenure, or enjoyment of the land herein conveyed, nor shall the grantee itself, or any persons claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land. " 1. 5 . 2 . 2 Clause for Leases. The following language shall appear in leases: "The lessee herein covenants by and for itself, its heirs, executors, administrators, successors, and assigns, and all persons claiming under or through them, and this lease is made and accepted upon and subject to the following conditions: That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the leasing, subleasing, renting, transferring, use, occupancy, tenure, or enjoyment of the land herein leased nor shall the lessee itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the land herein leased. " 1. 5. 2 . 3 Clause for Contracts. The following language shall appear in contracts: "There shall be no discrimination against or segregation of any persons or group of persons on account of race, color, creed, religion, sex, marital status, age, physical or mental disability, ancestry, or national origin in the sale, lease, rental, subleases, transfer, use, occupancy, tenure, or enjoyment of the land, nor shall the transferee itself, or any person claiming under FS2\178\014084-0006\2028581.3 04/14/93 -5- or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees of land. " 1. 6 outside Storage. No storage of any kind shall be permitted outside the building(s) located on the Property except for trash or other storage in any outside storage areas approved by the Agency or as required by law. Adequate trash enclosures shall be provided and screened. Locations of such areas and types of screening must be approved by the Executive Director. Gates for trash storage areas shall be kept closed at all times except when in actual use. 1.7 Buildings and Equipment. Any construction, repair, modification, or alteration of any buildings, equipment, structures or improvements on the Property shall be subject to the following restrictions: 1. 7 . 1 All mechanical and electrical fixtures and equipment to be installed on the roof or on the ground shall be adequately and decoratively screened. The screening must blend with the architectural design of the building(s) . Equipment on the roof must be at least six (6) inches lower than the parapet line and adequately screened. All details and materials of said screening shall be approved by the Executive Director prior to installation. 1. 7 .2 The texture, materials, and colors used on the buildings, as well as the design, height, texture, and color of fences and walls shall be subject to the approval of the Executive Director. 1. 7 . 3 No sirens, outside paging, or any type of signalization shall be permitted, except approved alarm systems. 1. 7 .4 Signs on the Property shall conform to the standards and ordinances of the City and to a uniform design theme approved by the Agency. Any signs installed on the Property shall conform to said design scheme and shall be approved by the Executive Director prior to installation. 1. 7. 5 Lights installed on the building shall be a decorative design. No lights shall be permitted which may create any glare or have a negative impact on the residential areas, if any, existing around the Property. No light stand on any portion of the Property shall be higher than fifteen (15) feet. The design and location of any lights shall be subject to the approval of the Executive Director. FS2\178\014084-000612028581.3 04/14/93 -6- t 1V4C95 1.7. 6 No fences, signs, gas pumps, or any other similar facilities shall be constructed or provided on the Property without the prior approval of the Executive Director. 1.8 Prohibition on Transfers. Prior to the issuance of the Certificate of Completion pursuant to Section 4 . 7 of the Disposition and Development Agreement, Declarant shall not transfer the Disposition and Development Agreement or any of Declarant's rights thereunder, or any interest in the Property or in the improvements thereon, directly or indirectly, voluntarily or by operation of law, except in accordance with Section 4 . 8 of the Disposition and Development Agreement. 1. 9 Public Agency Rights of Access. Developer hereby grants to the Agency, the City, and other public agencies the right, at their sole risk and expense, to enter the Site or any part thereof at all reasonable times with as little interference as possible for the purpose of construction, reconstruction, relocation, maintenance, repair, or service of any public improvements or public facilities located on the Site. Any damage or injury to the Site or to the improvements constructed thereon resulting from such entry shall be promptly repaired at the sole expense of the public agency responsible for the entry. ARTICLE II ENFORCEMENT 2 . 1 Termination. No breach of this Declaration shall entitle any party to cancel, rescind or otherwise terminate this Declaration, or excuse the performance of such party's obligations hereunder; provided that, however, this limitation shall not affect in any manner any other rights or remedies which the parties may have by reason of such breach. 2 . 2 Iniunction. Notwithstanding anything contained herein to the contrary, in the event of any violation or threatened violation of any of the terms, covenants, restrictions, and conditions contained herein, in addition to the other remedies herein provided, the parties hereto shall have the right to enjoin such violation or threatened violation in a court of competent jurisdiction. 2 . 3 Other Rights of Agency and City. In the event of any violation or threatened violation of any of the provisions of this Declaration, then in addition to, but not in lieu of, any of the rights or remedies the Agency and City may have to enforce the provisions hereof, the Agency and City shall have the right (i) to enforce the provisions hereof as a party hereto and as an owner of the Public Parcel, and (ii) to withhold or revoke, after giving written notice of said violation, any building permits, occupancy PS21178\014084-0006\2028581.3 04/14/93 -7- J I9�4nyj permits, certificates of occupancy, business licenses, and similar matters or approvals pertaining to the Property or any part thereof or interests therein as to the violating person or one threatening violation. 2 . 4 Failure to Perform: Lien. If any owner of the Property defaults on the performance of any of its obligations hereunder, the Agency or City, their employees, contractors and agents may, at their sole option, and after making reasonable demand of the owner of the Property that it cure said default, enter onto the Property for the purpose of curing the default. In making an entry, the Agency or City shall give the owners of the Property or their representative, reasonable notice of the time and manner of said entry and said entry shall only be at such times and in such manners as is reasonably necessary to carry out this Agreement. In such event, the owner of the Property shall reimburse the Agency or City for all costs and expenses related to the curing of said default. If the Agency or City is not reimbursed for such costs by the owner of the Property within 30 days after giving notice thereof, the same shall be deemed delinquent, and the amount thereof shall bear interest thereafter at a rate of ten percent (10%) per annum until paid. Any and all delinquent amounts, together with said interest, costs and reasonable attorneys fees shall be a personal obligation of the owner of the Property as well as a lien and charge, with power of sale, upon the Property. The Agency may bring an action at law against the owner of the Property to pay any such sums. The lien provided for in this Section 2 . 4 may be recorded by the Agency as a Notice of Lien against the Property in the office of the County Recorder, County of Riverside, signed and acknowledged, which Notice of Lien shall contain a statement of the unpaid amount of costs and expenses. The priority of such lien when so established against the Property shall date from the date such notice is filed of record and shall be prior and superior to any right, title, interest, lien, or claim which may be or has been acquired or attached to such real property at the time of recording of such lien, but shall be junior and subordinate to matters having a priority prior to the date such notice is recorded; provided that, however, said lien shall be subordinate to any bona fide mortgage or deed of trust and any purchaser at any foreclosure or trustee's sale under any such bona fide mortgage or deed of trust as provided in Section 3 . 3 below. Such lien shall be for the use and benefit of the person filing the same, and may be enforced and foreclosed in a suit or action brought in any court of competent jurisdiction. Any such lien may be enforced by the Agency or City by taking either or both of the following actions concurrently or separately (and by exercising either of the remedies set forth below shall not prejudice or waive its rights to exercise the remedy) : (i) bring an action at law against the defaulting party personally obligated to pay such lien or (ii) foreclose such lien FS2\178\014084-00M2028581.3 04/14/93 -8- 194C9S in accordance with the provisions of Section 2924 of the California Civil Code applicable to the exercise of powers of sale or mortgages and deeds of trust, or any other manner permitted by California law. Upon the timely curing of any default for which such lien was recorded, the City or Agency shall record an appropriate release of such lien, and sign any other documents reasonably necessary to satisfy title insurance requirements, upon payment by the owner of the Property of a reasonable fee to cover the costs of preparing and recording such release, together with the payment of such other costs, including without limitation, reasonable attorneys fees, court costs, interest, or other fees which have been incurred. ARTICLE III ENCUMBRANCES, MORTGAGE PROTECTION AND TAXES 3 . 1 Declarant's Breach Not to Default Mortgage Lien. Declarant's breach of any of the covenants or restrictions contained in this Declaration or the Disposition and Development Agreement shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value as to the Property or any part thereof or interest therein, whether or not said mortgage or deed of trust is subordinated to this Declaration or the Disposition and Development Agreement; but, unless otherwise herein provided, the terms, conditions, covenants, restrictions and reservations of this Declaration and the Disposition and Development Agreement shall be binding and effective against the holder of any such mortgage or deed of trust and any owner of any of the Property or any part thereof whose title thereto is acquired by foreclosure, trustee's sale, or otherwise. 3 . 2 Amendments or Modifications to Declaration. No purported rule, regulation, modification, amendment, and/or termination of this Declaration or the Disposition and Development Agreement shall be binding upon or affect the rights of any mortgagee holding a mortgage or deed of trust upon the Property that is recorded in the Office of the Riverside County Recorder prior to the date any such rule, regulation, modification, amendment, or termination is recorded in such office, without the prior written consent of such mortgagee. 3 .3 Liens Subordinate. Any monetary lien provided for herein shall be subordinate to any bona fide mortgage or deed of trust covering an ownership interest or leasehold or subleasehold estate in and to the Property and any purchaser at any foreclosure or trustee's sale (as well as any by deed or assignment in lieu of foreclosure or trustee's sale) under any such mortgage or deed of trust shall take title free from any such monetary lien, but PS2\178\014084-0006\2028581.3 04/14/93 -9- otherwise subject to the provisions hereof; provided that, after the foreclosure of any such mortgage and/or deed of trust, all other assessments provided for herein to the extent they relate to the expenses incurred subsequent to such foreclosure, assessed hereunder to the purchaser at the foreclosure sale, as owner of the Property after the date of such foreclosure sale, shall become a lien upon the Property and may be perfected and foreclosed as provided in Section 2 .4. 3 .4 Payment of Taxes and Assessments. Declarant shall pay, when due, all real estate taxes and assessments assessed or levied against the Property. Nothing herein contained shall be deemed or prohibit Declarant from contesting the validity or amounts of any tax or assessments nor to limit the remedies available to Declarant with respect thereto. ARTICLE IV COVENANTS TO RUN WITH THE LAND 4 . 1 Covenants Running With the Land. This Declaration is designed to create equitable servitudes and covenants appurtenant to the Public Parcel and running with the Property. Declarant hereby declares that all of the Property shall be held, sold, conveyed, encumbered, hypothecated, leased, used, occupied, and improved subject to the covenants, conditions, restrictions and equitable servitudes, all of which are for the purposes of uniformly enhancing or protecting the value, attractiveness and desirability of the Property and effectuating the Redevelopment Plan. The covenants, conditions, restrictions, reservations, equitable servitudes, liens, and charges set forth herein shall run with the Property and shall be binding upon all persons having any right, title, or interest in the Property, or any part thereof, their heirs, successive owners and assigns; shall inure to the benefit of every portion of the Public Parcel and any interest therein; shall inure to the benefit of the Agency, the City and their successors and assigns and successors in interest; shall be binding upon Declarant, its successors and assigns and successors in interest; and may be enforced by the Agency and City. Agency and Declarant hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that Declarant's legal interest in the Property is rendered less valuable thereby. Agency and Declarant hereby further declare their understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Property by the citizens of the City and by furthering the public purposes for which the Agency was formed. FS2\178\014084-0006\2028581.3 04/14/93 -1 0- 19IC95 4.2 Agreement Among Declarant. Agency, and City. The Declarant, in exchange for entering the Disposition and Development Agreement by the Agency and granting of the Site Plan by City, hereby agrees to hold, sell, and convey the Property subject to the covenants, conditions, restrictions, and reservations of this Declaration. Declarant also grants to the Agency and City the right and power to enforce the covenants, conditions, restrictions, and reservations contained in this Declaration against the Declarant and all persons having any right, title, or interest in the Property, or any part thereof, their heirs, successive owners, and assigns. ARTICLE V TERM The covenants, conditions and restrictions contained in this Declaration shall remain in effect until July 27, 2008 , which is the expiration date of the Redevelopment Plan; provided that, however, the covenants contained in Section 1. 5 shall remain in effect in perpetuity. ARTICLE VI MISCELLANEOUS 6. 1 Modification. This Declaration may not be modified, terminated, or rescinded, in whole or in part, except by a written instrument duly executed and acknowledged by the parties hereto, their successors, or assigns and duly recorded in the Office of the County Recorder, County of Riverside. 6. 2 Governing Law. This Declaration shall be governed by and construed in accordance with the laws of the State of California. 6. 3 Severability. The invalidity or unenforceability of any provision of this Declaration with respect to a particular party or set of circumstances shall not in any way affect the validity and enforceability of any other provision hereof, or the same provision when applied to another party or to a different set of circumstances. PS2\178\014084-0006\2028581.3 04/14/93 -1 1- ,r 1911G95 6.4 Notices. Any notice to be given under this Declaration shall be given by personal delivery or by depositing the same in the United States Mail, certified or registered, postage prepaid, at the following address: Agency: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: Executive Director City: CITY OF PALM SPRINGS 3200 East Tahquitz Canyon Way Palm Springs, CA 92263 Attn: City Manager With Copy to: RUTAN & TUCKER P.O. Box 1950 611 Anton Blvd. , Suite 1400 Costa Mesa, CA 92626 Attn: David J. Aleshire, Esq. Declarant: VILLAGE FLORIST GIFT SHOPPE 181 North Indian Avenue Palm Springs, California 92262 Attn: Gerald Wantland With Copy to: Mr. Kipp Lyons 400 S. Farrell Drive, Suite B 200-2 Palm Springs, California 92262 Any notice delivered personally shall be effective upon delivery. Any notice given by mail as above provided shall be effective forty-eight (48) hours after deposit in the mails. Any party may change address for notice by giving written notice of such change to the other party. 6.5 Counterparts. This Declaration may be executed in any number of counterparts each of which shall be an original but all of which shall constitute one and the same document. PS2\178\014084-0006\2028581.3 04/14/93 -1 2- 194695 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. "DECLARANT" GERALD WAYNE WANTLAND, as Trustee of the Gerald Wayne Wantland Revocable Trust,7 Byq ' ra-v b J' HERBERT JAMES LANE, as Trustee of the Herbert James Lane Rab1E�Tr'fut y. F82NOM014084-0006\2028581.3 04/14/93 -1 3- y r 194C95 "AGENCY" COMMUNITY REDEVELOPMENT AGENCY OF THE SPRINGS, a p lic body, co r to and politic By: E c ve Dihpctor ATTEST: AMOV€b BY THE CITY COUNCIL BY Rf,& Mo. /duo?0 -5-7 Y3 Sec etary 77 "CITY'• CITY PALM GS, a mu icipal corpora i .7 By: Ci ger ATTEST: B APPROVED BY THE COMMUNITY _- ty Clerk AGE14CY BY RES. NO. APPROVED AS TO FORM: RUTAN & TUCKER C David leshire, Agency Counsel and City Attorney FS2\178\014084-00W2028581.3 0A/14/93 -1 4- • 19��95 STATE OF CALIFORNIA ) ss. COUNTY OF RIVERSIDE ) On the day of 199 , before me, the undersigned, a Notary Public, in and for said State and County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as the on behalf of the CITY OF PALM SPRINGS, the municipal corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to direction of its legislative body. WITNESS my hand and official seal. 19-1 G 9 S- State of California SS. ' County of Riverside On April 27 , 1993 , before me, ELAINE L. SCHWARTZ , Notary Public, personally appeared *** J. SUMICH AND ROBERT W. PARKINS ***, personally known to me to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. a °;; . oFFianLNOTaaysEnL ee o Notary Public—California Notary Public q RIVERsioecouNry ,� ..o°`\ N1Y Comm Expires FEB 03.1995 Notary Public (SEAL) FS2\178\014084-0006\2028581.3 04/14/93 —1 6— 191s Cos J STATE OF CALIFORNIA) ) ss. COUNTY OF RIVERSIDE) On the day of , 19 , before me, the undersigned, a Notary Public in and for said County and State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument as on behalf of GERALD WAYNE WANTLAND as Trustee of the Gerald Wayne Wantland Revocable Trust, and acknowledged to me that such executed the within instrument pursuant to its bylaws or a resolution of its board of directors. 1911G9 State of California SS. County of Riverside On April 19 , 1993 , before me, ELAINE L. SCHWARTZ , Notary Public, personally appeared *** GERALD WAYNE WANTLAND AND HERBERT JAMES LANE***, personally known to me to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument. p u WITNESS my hand and official seal. O F NOTARY SEAT. LAINEL SCHWARTZ r / ic—Calfomallotary Publ ' c IVERE COUN Yomm. pires FMS 03 I906 (SEAL) Notary Public PS2\178\014084-0006\2028581.3 04/14/93 —17— 19.1695 ATTACHMENT NO. 1 LEGAL DESCRIPTION OF THE PROPERTY PARCEL 1: THE SOUTH HALF OF THE EAST HALF OF LOT 3 IN BLOCK 23 OF PALM SPRINGS AND THE NORTH 25 FEET OF THE EAST HALF OF LOT 4 IN BLOCK 23 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432, OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA. FS21178%014084-0006U028581.3 04/14/93 ATTACHMENT NO. 1 ATTACHMENT NO. 2 DEPICTION OF PUBLIC PARCEL Ol THE 51TE 8\�; n 06 WI aH; 40' 2 m � ' r-• ALEJO RO I�:1 t � i AAuao� y RJ. S --�-- ---- __ AM/TY VEC/NP -_- 257.50' CI"17r MA �\ = ENTIRE EXISTING PARCEL .;)`CJ BASIS OF BEAR/NGS INCLUDING THE SITE ` THE HEARING OF NO°08'K AS SHOWN FO,2 N. PALM CANYON OR.PER M.8.9 P5.432 5.A WA5 O.5ED A5 THE HAS 15 09BEXAMIC6 ACK TX/S MAP. CITY OF PALM SPRINGS DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION EXHIBIT'A`-THE PARCEL � THE SITE APPROVED `APR/L Y ,1y93 28ZO9 LEGAL DESCR/PT/O1V:,HEs,,,,HALFOfrnE E Y ENGI E R R.C.E. EAST HALF OF LOT 5IN BLOIX 23 OF PALM SPRINGS AND THE NOPFH DESIGN BY SCALE I FILE Ne' AS SHOWN BYHMAPONf/LE' NBOOX 9 PAGE/4 2 OFOAAPY RECORDS R.A, //f=Saf LLA93-0Z OF SAkI DIEGO COUNTY,CALIfORN/A. CHECKED BY Ow G. H. SHEET HA D.M.P. / 1 of l ATTACHMENT NO. 2 FS2\178\014084-0006\2028581.3 04114193