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HomeMy WebLinkAbout03336 - CANYON REDEVELOPMENT PLAN DDA ORD 1466 Cindy Berardi From: Craig Ewing Sent: Wednesday, September 29, 2010 1:27 PM To: Cindy Berardi Subject: RE: A2841 Canyon Development Cindy, According to a 2003 City Council staff report, "The Canyon Park Resort and Spa Specific Plan (SP-1) was originally approved on July 19, 1991 ..." This agreement must have been the work agreement for that plan, which is long completed. You may close it out. Craig A. Ewing, AICP Director of Planning Services City of Palm Springs we, w-(.+ C 3200 E. Tahquitz Canyon Way , (_,V�; Palm Springs, CA 92262 -� Sr 760-323-8269 "Go all the way, then come back." -- Harley Earl From: Cindy Berardi Sent: Wednesday, September 29, 2010 12:24 PM To: Craig Ewing Subject: A2841 Canyon Development Craig, the attached Pre-Development Cooperation Agreement was facilitated by the Planning Department and I am curious whether it can be closed or not? It's an old one! Thank you. <<File: A2841 Canyon Development LP.pdf» (_indq E)ctrarAi Deput:)City C^ierL Office of t:he Ciqj Clerk City of Palm Springs P. O. Box 2743 Palm Springs, CA 92262 (760)322-8355 Cindy.Berard i alms rin sca. ov Please note the office hours for City Hall are Monday-Thursday 8am-6pm, and we are closed on Fridays. PLEASE COMPLETE zLls INFORMATION ZW 557 RECORDING REDUESTED BY: O o Lo , Mz AND WHEN RECORDED MAIL TO: T- ���YYY ¢ rn 7 N M N UJ J i v > lt•J 7 Q 0 m v-- cq cq W T >1 • �v T. 1 0 m c� ISL zc c THIS SPACE FOR RECORDER'S USE ONLY f V i �] /f �j ��➢//;il., ' mil THIS PAGE ADDED TI3 PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION 1 (Additianal mcarding tee applies) •. 11192 n - o ' RECORDI'_ITG REQUESTED BY W Y !` AND WHEN RECORDED, MAIL TO: Cr b M N Ca 3 $ LU Ui U C� d Cq (Space above this line for recorder's use only) DEVELOPMENT AGREEMENT City OF PALM SPRINGS (01city") CANYON DEVELOPMENT, a California General Partnership ("owner.") TABLE OF CONTENTS 1. DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . 3 1. 1 Adjacent Property . . . . . . . . . . . . . . . . 3 1. 2 Agency . . . . . . . . . . . . . . . . . . . . . 3 1. 3 Allottee Indian Lease . . . . . . . . . . . . . . 3 1. 4 Allottee Indian Lease Property . . . . . . . . . 3 1. 5 Applications . . . . . . . . . . . . . . . . . . 3 1. 6 Approved Master Tentative Map . . . . . . . . . . 3 1. 7 Assignment . . . . . . . . . . . . . . . . 3 1. 8 Authorizing Ordinance . . . . . . . . . . . . . . 4 1. 9 City . . . . . . . . . . . . . . . . . . . 4 1. 10 City Council . . . . . . . . . . . . . . . . . . 4 1. 11 City Development Agreement Ordinance . . . . . . 4 1. 12 Commence Construction . . . . . . . . . . . . . . 4 1. 13 Default . . . . . . . . . . . . . . . . . . . . . 4 1. 14 Development . . . . . . . . . . . . . . . . . . . 4 1. 15 Development Agreement Statute . . . . . . . . . . 4 1. 16 Development Approvals . . . . . . . . . . . . . . 4 1. 17 Development Plan . . . . . . . . . . . . . . . . 5 1. 18 Effective Date . . . . . . . . . . . . . . . . . 5 1. 19 Exaction . . . . . . . . . . . . . . . . . . . . 5 1. 20 Existing Development Approvals . . . . . . . . . 5 1. 21 Existing Land Use Regulations . . . . . . . . . . 5 1. 22 Future Development Approvals . . . . . . . . . . 5 1. 23 Land Use Regulations . . . . . . . . . . . . . . 5 1. 24 Legal or Equitable Interest . . . . . . . . . . . 6 1. 25 Mortgage . . . . . . . . . . . . . . . . . . . . 6 1. 26 Mortgagee . . . . . . . . . . . . . . . . . . . . 6 1. 27 Owner . . . . . . . . . . . . . . . . . . . . . . 6 1. 28 Owner Impact Fees . . . . . . . . . . . . . . . . 66 1. 29 Owner's Property . . . . . . . . . . . 6 1. 30 Planned Development District or PDD . . . . . . . 6 1. 31 Planning Director . . . . . . . . . . . . . . . . 6 1. 32 Project . . . . . . . . . . . . . . . . . . . . . 6 1. 33 Redevelopment Plan . . . . . . . . . . . . . . . 7 1. 34 Redevelopment Project Area . . . . . . . . . . . 7 1. 35 Related Entity . . . . . . . . . . . . . . . . . 7 1. 36 Reservations of Authority . . . . . . . . . . . . 7 1. 37 Specific Plan . . . . . . . . . . . . . . . . . . 7 1. 38 Specific Plan Area . . . . . . . . . . . . . . . 7 1. 39 Term . . . . .. . . . . . . . . . . . . . . . . . 7 2 . EXHIBITS . . . . . . . . . . . . . . . . . . . . . . . . 7 3 . TERM . . . . . . . . .. . . . . . . . . . . . . . . . . . 7 3 . 1 Term . . . . .. . . . . . . . . . . . . . . . . . 7 3 . 2 Effective Date . . . . . . . . . . . . . . . 8 3 . 3 Automatic Termination . . . . . . . . . . . . . . 8 3 . 4 Tolling of Termination Date . . . . . . . . . 8 3 . 5 Rights and Duties Following Termination . . . . . 8 -i- • 27255'7 235613 3 . 6 Effect of Termination of Allottee Indian Lease 9 3 . 7 Alternative Development Scenarios . . . . . . . . 9 3 .8 Effect of Entering into Agreement; Prior Claims. . . . . . . . . . . . . . . . . . . . . . 9 4 . DEVELOPMENT OF OWNER'S PROPERTY . . . . . . . . . . . . 9 4 . 1 Right to Develop . . . . . . . . . . . . . . . . 9 4 . 2 Existing Development Approvals . . . . . . . . . 9 4 . 3 Initiative Measures . . . . . . . . . . . . . . . 9 5 . TIME FOR CONSTRUCTION AND COMPLETION OF PROJECT . . . . 10 5 . 1 Right of Owner to Control Timing . . . . . . . . 10 5 . 2 Timing Constraints to Development Plan . . . . . 10 5. 3 Public Improvements . . . . . . . . . . . . . . . 10 5. 4 Moratorium . . . . . . . . . . . . . . . . . . . 11 6. FEES, TAXES AND ASSESSMENTS . . . . . . . . . . . . . . 11 7 . PROCESSING OF REQUESTS AND APPLICATIONS; OTHER GOVERNMENT PERMITS . . . . . . . . . . . . . . . . . . . 12 7 . 1 Processing . . . . . . . . . . . . . . . 12 7 . 2 Vesting Tentative Subdivision Maps . . . . . . . 13 7. 3 Phased Final Maps . . . . . . . . . . . . . 13 7 . 4 Other Governmental Permits . . . . . . . . . . . 13 7 . 5 Public Agency Coordination . . . . . . . . . . . 13 8 . AMENDMENT OF DEVELOPMENT AGREEMENT . . . . . . . . . . . 13 8 . 1 Initiation of ;Amendment . . . . . . . . . . . . . 13 8 . 2 Procedure . . . . . . . . . . . . . . . . . . . . 13 8 . 3 Consent . . . . . . . . . . . . . . . . 13 8 .4 Minor Modifications . . . . . . . . . . . . . . . 13 8 . 5 Effect of Amendment to Development Agreement . . 14 9 . RESERVATIONS OF AUTHORITY . . . . . . . . . . . . . 14 9 . 1 Limitations, Reservations and Exceptions . . . . 14 9 . 2 Regulation by Other Public Agencies . . . . . . . 16 10. ANNUAL REVIEW . . . . . . . . . . . . . . . . . 16 10. 1 Annual Monitoring Report . . . . . . . . . . . . 16 10. 2 Certificate of Compliance . . . . . . . . . . . . 17 10. 3 Failure to Conduct Annual Review . . . . . . . . 17 11. DEFAULT, REMEDIES AND TERMINATION . . . . . . . . . . . 17 11. 1 Rights of Non-Defaulting Party after Default . . 17 11. 2 Notice and Opportunity to Cure . . . . . . . . . 17 11. 3 Notice and Hearing . . . . . . . . . . . . 18 11. 4 Standard of Review in Judicial Action . . . . . . 18 11. 5 Dispute Resolution . . . . . . . . . . . . . . . 18 11. 6 Waiver of Breach . . . . . . . . . . . . . . . . 18 -ii- ! • 272557 235613 12 . ASSIGNMENT AND TRANSFER . . . . . . . . . . . . . . . . 19 12 . 1 Notice of Transfer . . . . . . . . . . . . . . . 19 12 . 2 Sale to Residential Builder. . . . . . . . . . . 19 12 . 3 Termination of Agreement With Respect to Individual Parcels Upon Sale to Public . . 19 12 .4 Residential Declaration of Covenants, Conditions and Restrictions . . . . . . . . . . . . . . . . 19 13 . INDEMNITY . . . . . . . . . . . . . . . . . . 20 13 . 1 Third-.Party Litigation . . . . . . . . . . . . . 2.0 13 . 2 Hold Harmless; Owner's Construction and Other Activities . . . . . . . . . . . . . . . . . . . 21 13 . 3 Survival of Indemnity Obligations . . . . . . . . 21 14 . EFFECT OF AGREEMENT 019 TITLE . . . . . . . . . . . . . . 21 14 . 1 Covenant Run with the Land . . . . . . . . . . . 21 15. CITY OFFICERS AND EMPLOYEES; NON-DISCRIMINATION . . . . 22 15. 1 Non-liability of City Officers and Employees . . 22 15. 2 Conflict of Interest . . . . . . . . . . . 22 15 . 3 Covenant Against Discrimination . . . . . . . . . 22 16 . MORTGAGEE PROTECTION . . . . . . . . . . . . 22 16. 1 No Encumbrances Except Mortgages to Finance the Project . . . . . . 16 . 2 Owner's Breach Not Defeat Mo,:tgage Lien . . . . . 23 16 . 3 Holder Not Obligated to Construct or Complete Improvements . . . . . . . . . . . . . . . . . . 23 16. 4 Notice of Default to Mortgagee . . . . . . . . . 23 16. 5 Right to Cure . . . . . . . . . . . . . . . . . . 24 17 . GENERAL . . . . .. . . . . . . . . . . . . . . . . . 24 17 . 1 Estoppel Certificates . . . . . . . . . . . . . . 24 17 . 2 Force Majeure .. . . . . . . . . . . . . . . 24 17. 3 Construction of_ Development Agreement . . . . . . 25 17. 4 Severability . . . . . . . . . . . . . . . . . . 25 17 . 5 Attorney's Fees . . . . . . . . . . . . . . . . . 25 17 . 6 Reimbursement of Costs . . . . . . . . . . . . 26 17 . 7 Joint and Several Obligations . . . . . . . . . . 26 17. 8 Time of Essence . . . . . . . . . . . . . . . . . 26 17. 9 Waiver . . . .. . . . . . . . . . . . . . . . 26 17 . 10 No Third Party Beneficiaries . . . . . . . . . . 26 a.7 . 11 Mutual Covenants . . . . . . . . . . . . . . . . 26 1.7 . 12 Counterparts ., . . . . . . . . . . . . . . . . . 26 17. 13 Authority to Execute . . . . . . . . . . . . . . 26 17 . 14 Notice . . . . . . . . . . . . . . . . . 27 17 . 15 Further Actions and Instruments . . . . . . . . . 28 17 . 16 Recitals . . . . . . . . . . . . . . . . . . . . 28 17 . 17 Recording . . . . . . . . . . . . . . . . . . . 28 17 . 18 Relationship of Parties . . . . . . . . . . . . . 28 17 . 19 Entire Agreement . . . . . . . . . . . . . . . . 28 -iii- • . 2'y25S'7 2,35(,13 EXHIBIT SUMMARY Exhibit A Map and Legal Description of Owner's Property Exhibit A-1 Legal Description of owner's Property under the Allottee Indian Lease Exhibit B Description of Project Exhibit C Existing Development Approvals Exhibit D Estoppel Certificate Exhibit E Form of Assumption Agreement -iv- 2`72557 • 2�5b�� DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this "Development Agreement" or this "Agreement") is entered into on T)c -z- -'? , 1994, by the CITY OF PALM SPRINGS (the "City") , a municipal corporation, and CANYON DEVELOPMENT, a California General Partnership ("Owner") pursuant to Article 2 . 5 of Chapter 4 of Division 1 of Title 7 , Sections 65864 through 65869 . 5 of the California Government Code. City and Owner shall be referred to within this Development Agreement jointly as the ".Parties" and individually as a "Party. " R E C I T A L S: A. Capitalized Terms. The capitalized terms used in these recitals and throughout this Agreement shall have the meanings assigned to them in Article 1. Any capitalized terms not defined in Article 2 shall have the: meanings otherwise assigned to them in this Agreement or apparent from the context in which they are used. B. Development of Property. City approved Specific Plan No. 50576-SP-1 on July 19 , 1991 by Resolution No. 17600 for the development of 746 acres more or less in the southern portion of Palm Springs and at the same time certified EIR No. 91012026 by Resolution No. 17598 . The time period for judicially challenging the approved Specific Plan and related EIR has expired. On January 19, 1994, City approved an amendment to the Specific Plan by Resolution No. 18275 (the "Specific Plan Area") . City approved Planned Development District No. 217A on January 19, 1994 by Resolution No. 18276 ("PI)D") for Owner's Property. Owner has a legal or equitable interest in the Specific Plan Area as described in Exhibit "A" (the "owner's Property") . Owner plans to develop the portion of the Owner's Property as a mixed-use, phased development in accordance with the Development Plan, the PDD and this Agreement. owner may acquire real property in the Specific Plan Area in which it does not presently have a legal or equitable interest, and this property shall become subject to this Agreement upon such acquisition. C. Legislation Authorizing Development Agreements. To strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic risk of development, the legislature of the State of California adopted the Development Agreement Statute, Sections 65864 , et seg. , of 'the Government Code, authorizing City to enter into an agreement with any person having a legal or equitable interest in real property providing for the development of such property and establishing certain development rights therein. The legislative findings and declarations underlying the Development Agreement Statute and the provisions governing contents of development agreements state, in Government Code Sections 65864 (c) and 65865. 2 , that the lack of public facilities, including, but not limited to, streets, sewerage, transportation, drinking water, school, and '^3y2"�7+2557 • Fs e?�17�� utility facilities is a serious impediment to the development of new housing, and that applicants and local governments may include provisions in development agreements relating to applicant financing of necessary public facilities and subsequent reimbursement over time. D. Intent of the Parties. Owner and City have determined that the Project is a development for which a development agreement is appropriate. The Parties desire to define the parameters within which the obligations of Owner for infrastructure and public improvements and facilities will be met, and to provide for the orderly development of Owner's Property, assist in attaining the most effective utilization of resources within City, and otherwise achieve the goals of the: Development Agreement Statute. In consideration of these benefits to City and the public benefits of the development of Owner's Property, Owner will receive assurances that City shall grant all permits and approvals required for total development of Owner' s Property in accordance with this Agreement. E. Public Hearings; Findings. On December 23 and December 29, 1993 , the Planning Commission of City (the "Planning Commission") , after giving notice pursuant to Government Code Sections 65090, 65091, 65092 and 65094, held a public hearing on Owner's application for this Agreement. On January 19, 1994, City Council, after providing public notice as required by law, held a public hearing to consider Owner's application for this Agreement. The Planning Commission and City Council have found on the basis of substantial evidence that the Agreement is consistent with all applicable plans, rules, regulations and official policies of City of Palm Springs, including but not limited to the General Plan o£ City and the Specific Plana F. Public Benefits of Project. The grant of development rights hereunder is consideration for owner's development of a multi-million dollar mixed use resort project (the "Project") which will include (i.) a luxury hotel featuring a number of restaurants, lounges, resident spa and health club, and pools, (ii) an 18-hole, minimum 6, 500 yard golf course containing waterscape with a clubhouse, as well as a tennis facility and tennis clubhouse, (iii) a youth center, (iv) a major retail and entertainment center, and (v) a residential development featuring high end family homes as more fully described on Exhibit "B" attached hereto. The Project will benefit City by creating an estimated six hundred (600) new jobs in the community as well. as aiding in the revitalization of the tourist trade and general economy of City by creating a dynamic destination resort. G. Mutual Agreement. Based on the foregoing and subject to the terms and conditions set forth herein, owner and City desire to enter into this Development. Agreement. NOW, THEREFORE, in consideration of the mutual. promises and covenants herein contained, and having determined that the -2- 94119 dd 0va11\jar\a602.14 27255'7 +r 2,35613 foregoing recitals are true and correct and should be and hereby are incorporated into this Agreement, the Parties agree as follows: 1. DEFINITIONS. The following words and phrases are used as defined 'terms throughout this Development Agreement. Each defined term shall have the meaning set forth below. 1. 1 Adjacent Propex.-ty. The "Adjacent Property" means that certain real property described in the Specific Plan but in which Owner does not hold a legal or equitable interest as of the Effective Date. The Adjacent Property is not subject to this Agreement as of the Effective Date but upon owner's acquisition of a legal or equitable interest therein, will thereafter be deemed within the definition of. "Owner's Property" and will be treated as a part of Owner's Property for purposes of this Agreement. Concurrent with such acquisition, a supplemental legal description shall be recorded in the Official Records of Riverside County pursuant to Section 8 .4 (c) . 1. 2 Agency. The "Agency" means the Community Redevelopment Agency of City of Palm Springs. 1. 3 Allottee Indian Lease. The "Allottee Indian Lease" means that certain Lease dated June 10, 1992 by and between Owner and certain Allottees specified therein, and any amendments thereto, affecting the Allottee Indian Lease Property. 1. 4 Allottee Indian Lease Property. The "Allottee Indian Lease Property" means the real property described on Exhibit "A-11" attached hereto. 1. 5 Applications. The term "Application(s) 11 shall mean a complete application for the applicable land use approvals (such as a subdivision map, planned development district, etc. ) meeting all of the current ordinances of City provided that any additional or alternate requirements in said ordinances enacted after the Effective Date which affect the Project application shall apply only to the extent permitted by this Agreement. 1. 6 Approved_ Master Tentative Map. "Approved Master Tentative Map" shall mean a master tentative map which has been approved by City in accordance with the California Subdivision Map Act showing a project consistent with the Specific Plan. 1. 7 Assignment. All forms of use of the verb "assign" and the nouns "assignment" and "assignee" shall include all contexts of hypothecations, sales, conveyances, transfers, leases, and assignments. -3- 94119 dd LWollljaAA02.14 . 217255'7 :35(;13 1. 8 Authorizing ordinance. The "Authorizing ordinance" means Ordinance No. 1466 approving this Development Agreement. 1. 9 City. The 01City" means City of Palm Springs, California. 1. 10 City Council. The "City Council" means the governing body of City of Palm Springs. 1. 11 City Development Agreement Ordinance. The "City Development Agreement Ordinance" means Section 9408 of the Palm Springs Zoning Code establishing a procedure for the consideration and -approval of development agreements pursuant to the Development Agreement Statute. 1. 12 Commence Construction. The term "commence construction" and related phrases shall mean that. Owner shall have secured all necessary permits, including but not limited to grading and building permits and have completed grading for the building pads, and substantially constructed foundations for the structures for which such building permits were issued. 1. 13 Default. A "Default" refers to any material default, breach, or violation of a provision of this Development Agreement as defined in Section 11. A "City Default" refers to a Default by City, while an "Owner Default" refers to a Default by Owner. 1. 14 Development. "'Development" means the improvement of Owner's Property for purposes of effecting the structures, improvements and facilities comprising the Project including, without limitation: grading, the construction of infrastructure and public facilities related to the Project whether located within or outside Owner's Property; the construction of structures and buildings; and the installation of landscaping; but not including the maintenance, repair, reconstruction or redevelopment of any structures, improvements or facilities after the construction and completion thereof. 1. 15 Development Agreement Statute. The "Development Agreement Statute" means Sections 65864 through 65869. 5 of the California Government Code as it exists on the Development Agreement Date. 1. 16 Development Anprovals. "Development Approvals" means all site--specific (meaning specifically applicable to Owner's Property only and not generally applicable to some or all other properties within City) plans, maps, permits, and entitlements to use of every kind and nature. Development Approvals includes, but is not limited to, specific plans, site plans, tentative and final subdivision maps, vesting tentative maps, variances, zoning designations, planned unit developments, conditional use permits, grading, building, and other similar permits, the site-specific -4- 94119 dd I:\vaI1\jar\a602.14 • 2'72557 Z:3:;(;13 provisions of general plans, environmental assessments, including environmental impact reports, and any amendments or modifications to those plans, maps, permits, assessments and entitlements. The term Development Approvals does not include rules, regulations, policies, and other enactments of general application within City. 1. 17 Development Plan. The "Development Plan" means the Existing Development Approvals, Future Development Approvals and Existing Land Use Regulations. 1. 18 Effective Date. The "Effective Date" means the date the Agreement becomes effective as set forth in Section 3 . 2 . 1. 19 Exaction. "Exaction" means dedications of land, payment of development fees and/or construction of public infrastructure by Owner as part of the Development. 1. 20 Existing Development Approvals. The "Existing Development Approvals" means only the Development Approvals which are listed on Exhibit "C" . 1. 21 Existing Land Use Regulations. The "Existing Land Use Regulations" means those certain Land Use Regulations in effect on the Effective Date. 1. 22 Future Development Approvals. "Future Development Approvals" means those Development Approvals (see Section 1. 16) approved by City after the Effective Date. 1.23 Land Use Regulations. The "Land Use Regulations" means those ordinances, laws, statutes, rules, regulations, initiatives, policies, requirements, guidelines, constraints, codes or other actions of City which purport to affect, govern, or apply to Owner's Property or the implementation of the Development Plan. Land Use Regulations include the ordinances and regulations adopted by City which govern permitted uses of land, density and intensity of use and the design, improvement, and construction standards and specifications applicable to the Development of property, including, but not limited to, the General Plan, specific plans, zoning ordinances, development moratoria, implementing growth management and phased development programs, ordinances establishing development exactions, subdivision and park codes, any other similar or related codes and building and improvements standards, mitigation measures required in order to lessen or compensate for the adverse impacts of a project on the environment and other public interests and concerns or similar matters. The term Land Use Regulations does not include, however, regulations relating to the conduct of business, professions, and occupations generally; taxes and assessments; regulations for the control and abatement of nuisances; encroachment and other permits and the conveyances of rights and interests which provide for the use of or entry upon -5- 94119 dd I:WoMjer\a602 14 272557 z35(;:1 ' public property; any exercise of the power of eminent domain; or similar matters. 1. 24 Legal or Equitable Interest. The term "legal or equitable interest" shall mean a long-term leasehold interest as evidenced by a recorded lease or memorandum of lease, and appropriate title insurance or fee title evidenced by a recorded grant deed and appropriate title insurance. 1. 25 Mortgage. "Mortgage" or "mortgage" shall mean a mortgage, deed of trust, or sale and leaseback arrangement, leasehold mortgage or other transaction in which all. or any portion of or interest in Owner's :Property is pledged as security. 1. 26 Mortgagee. "Mortgagee" or "mortgagee" shall mean the holder of a beneficial interest under a Mortgage, including the beneficiary of a deed of trust and the holder of any Mortgage, or other security interest, or the lessor under a lease-back, or the grantee under any other conveyance for financing. 1. 27 Owner. "Owner"' means Canyon Development, a California General Partnership, and any successor in interest in accordance with Section 12 . 1.28 Owner Impact Fees. "Owner Impact Fees" means a monetary exaction as defined in Section 6, other than a tax or assessment, which is levied by City in connection with the Future Approvals for the purpose of defraying all or a portion of the cost of: public facilities related to the Project but does not include fees for processing applications for governmental regulatory actions, or other fees or exactions authorized by this Agreement. 1. 29 Owner's Property. The "Owner's Property" means that real property shown and described on Exhibit "A" in which Owner holds a legal or equitable interest as of the Effective Date, and any Adjacent Property which hereafter becomes Owner's Property as provided in Section 1. 1 hereof, and to which this Development Agreement applies. 1. 30 Planned Development District or PDD. The "Planned Development District" or "PDD" means the zoning designation of City of Palm Springs designed to provide for compatible land uses within a planned development as specifically approved by City Council for the Project under Planned Development District No. 217A. 1. 31 Plannina Director. "Planning Director" shall mean the Director of Planning and Zoning or similar officer of City. 1. 32 Project. The "Project" means the development of owner's Property pursuant to the Development Plan and this Agreement. -6—• 94119 dd 1:\,olllja6a602.14 272557 n. -3 1. 33 Redevelopment Plan. The term "Redevelopment Plan" means the Redevelopment Plan for the Canyon Redevelopment Project Area approved and adopted by Ordinance No. 1388 of City Council of City. 1. 34 Redevelopment Project Area. The "Redevelopment Project Area" means the Canyon Redevelopment Project Area which is located in City and the exact boundaries of which are specifically described in the Redevelopment Plan. 1. 35 Reservations of Authority. The term "Reservations of Authority" shall have the meaning set forth in Section 9 of this Agreement. 1. 36 Specific Plan. The "Specific Plan" shall mean the Canyon Park Resort & Spa Specific Plan Amendment No. 1 adopted by City Council on January 19 , 1994. 1. 37 Specific Plan Area. The "Specific Plan Area" means all that real property which is subject to the Specific Plan. 1. 38 Term. The "Term" means that period of time during which this Development Agreement shall be in effect and bind the Parties. 2. . EXHIBITS. The following are the Exhibits to this Agreement: Exhibit A Map and Legal Description of Owner' s Property Exhibit A-1 Legal Description of Owner's Property tinder the Allottee Indian Lease Exhibit B Description of Project Exhibit C Existing Development Approvals Exhibit D Estoppel Certificate Exhibit E Form of Assumption Agreement 3 . TERM. 3 . 1 Term. The term of this Development Agreement (the "Term") shall commence on the Effective Date and shall continue until the end of the day preceding the tenth (loth) anniversary of the Effective Date, unless otherwise expressly provided by this Agreement including, but limited to, early termination pursuant to Section 3 . 3 below. -7- 94119 dd 1Avo1lljarla602.14 • , 272557 z 5,6:13 3 .2 Effective Date. This Agreement shall become effective upon the later to occur of (i) the date thirty (30) days after the adoption of the Authorizing Ordinance, or (ii) in the event of a referendum, the date when such Authorizing Ordinance is approved by the voters and becomes effective. 3 . 3 Automatic Termination. Unless it has previously terminated as provided within this Agreement, this Development Agreement shall automatically terminate without notice upon the occurrence of any one (1) of the following circumstances: (a) Completion of the Project and the issuance of all occupancy permits and acceptance by City of all dedications and improvements required for the Project. (b) Owner's failure on or before the fifth (5th) anniversary of the Effective Date to submit to the Planning Director complete Applications for subdivision maps and planned development districts on all real property necessary under the Specific Plan to develop the hotel, golf course, commercial and residential components. Termination under this section shall not create any damage liability on behalf of City. Furthermore, it is specifically understood and agreed that the termination provisions of this Section 3 . 3 are not subject to the notice and cure provisions set forth in Section 11 and these provisions are not to be construed as a forfeiture but rather a failure of Owner to qualify for the additional time. 3 .4 Tolling of Termination Date. The termination date specified in Section 3 . 3 (b) shall be tolled for a cumulative maximum of three (3) years by any lawsuits in which an injunction or other judicial relief is issued which would prevent development of the Project pursuant to this Agreement, excluding, however, any litigation between Owner and City. The tolling period shall begin with the date of issuance of the injunction or other judicial relief and terminate when said injunction or other judicial relief is vacated or terminated for any reason. The tolling provisions of this section shall exclusively govern the tolling of the automatic termination provisions of Section 3 . 3 and the provisions of force majeure set forth in Section 17 . 2 shall not apply to Section 3 . 3 . However, nothing herein shall be deemed to extend the ten (10) year maximum term of this Agreement specified in Section 3 . 1 above. 3 . 5 Rights and Duties Following Termination. Upon the termination of this Development Agreement, neither Party shall have any further right or obligation hereunder except (i) with respect to any obligations to have been performed prior to said termination or with respect to any default in the performance of the provisions of this Development Agreement which has occurred prior to said termination, and (ii) with respect to the Prior Claims. -8- 94119 dd 1:1vo111jar1a602.14 272557 3 . 6 Effect of Termination of Allottee Indian Lease. Upon the termination of the Allottee Indian Lease for any reason, this Development Agreement shall automatically terminate with respect to the Allottee Indian Lease Property and notwithstanding any other provision hereof City may amend the Specific Plan and this Development Agreement without the permission of Owner as it pertains to the Allottee Indian Lease Property. Owner represents and warrants to City that the Allottee Indian Lease does not contain any provision which, would prevent Owner from complying with all obligations of Owner under this Agreement. 3 .7 Effect of Entering into Agreement; Prior Claims. Owner contends that based upon prior promises, representations, resolutions and/or agreements concerning the Project made by City, Agency and their officers or employees prior to the Effective Date hereof, Owner has certain rights and is entitled to financial assistance beyond that conferred by this Agreement. By entering into this Agreement, owner agrees that City has granted Owner acceptable vested development rights, but Owner wishes to and does retain the right to file whatever causes of action it may have, and to sue City and/or Agency to obtain the financial assistance to which it believes it is entitled and nothing herein shall be construed in any manner to waive such rights. City is informed and believes that Agency is prepared to pursue continued negotiations with Owner to provide such financial assistance. Nothing herein shall be construed as expressing agreement of City with Owner's contentions concerning such claims. 4 . DEVELOPMENT OF Owner'S PROPERTY. 4 . 1 Right to Develop. During the Term, Owner shall have a vested right to develop owner's Property (subject to Section 5 below) to the full extent permitted by the Development Plan and this Development Agreement:. The Project is summarized in the "Description of Project" attached hereto as Exhibit 11B. 11 Except as provided within this Development Agreement, the Development Plan shall exclusively control the development of the Property (including the uses of the Property, the density or intensity of use, the maximum height and size of proposed buildings, the provisions for reservation or dedication of land for public purposes and the design, improvement and construction standards and specifications applicable to the Project) . 4. 2 Existing Development Approvals. Only those items specifically set forth on Exhibit "C" hereto are deemed Existing Development Approvals for purposes of this Agreement. Any approvals not included within Exhibit "C" shall not apply to the Project. 4 . 3 Initiative Measures. This Development Agreement is a legally binding contract which will supersede any initiative, measure, moratorium, statute, ordinance, or other limitation enacted after the Effective Date. Any such enactment which -9- 94119 dd I:1vol1\j.rV,602.14 affects, restricts, impairs, delays, conditions, or otherwise impacts the implementation of the Development Plan (including the issuance of all necessary ]Future Project Approvals or permits for the Project) in any way contrary to the terms and intent of this Development Agreement shall not apply to the Project. 5 . TIME FOR CONSTRUCTION AND COMPLETION OF PROJECT. 5. 1 Right of Owner to Control Timing. Owner cannot predict the timing, phasing, or Sequencing in which the Project will be developed, if at all. Such decisions depend upon numerous factors, many of which are not within the control of Owner, such as market orientation and demand, interest rates, absorption, completion, and the state of the general economy. Therefore, Owner may decide, subject to the limitations set forth in this Agreement, the timing, phasing, and sequencing of the Project in Owner's own subjective business analysis. 5. 2 Timing Constraints to Development Plan. Notwith- standing the provisions of Section 5. 1, Owner agrees that the Project will be undertaken consistent with the following timing constraints: (a) Owner will submit completed Applications for all necessary subdivision maps and any needed planned development districts within five (5) years of the Effective Date, subject to the tolling provisions of Section 3 . 4 . (b) Owner may commence construction of the residential component of the Project at any time, but Owner shall not receive building permits, nor shall Owner sell individual unimproved lots, for more than fifty percent (50%) of the total residential units as same are shown on the Approved Master Tentative Map, without commencing construction (as defined in Section 1. 12) of the hotel. It is understood that where a buildable but unimproved lot is sold by Owner pursuant to Section 12 . 3 below, the sale of said lot shall count against the fifty percent (50%) limit herein as if a building permit had been issued. 5. 3 Public Improvements. The Parties understand and agree that the Specific Plan was prepared to generalized levels of detail and analysis which failed to identify precisely all public infrastructure and the phasing of development of such infrastructure. This was deferred until processing of the planned development district. In consideration of the foregoing, notwithstanding any provision herein to the contrary, city shall retain the right to condition any Future Approvals to require owner to dedicate necessary land, pay the development fees specified in Section 7 , and/or to construct the required public infrastructure (collectively "Exactions") in accordance with (i) City's codes, policies, rules and regulations in effect as of the Effective Date -10- 94119 dd 1AVOMiaAa602.14 • • 27257 356;.3 except as otherwise set forth in Sections 6 and 9, and (ii) state statutory and case law existing at the time said conditions are imposed. When Owner is required by this Development Agreement and/or the Development Plan to construct any public works facilities which will be dedicated to City or any other public agency upon completion and if required by applicable laws to do so, Owner shall perform such work in the same manner and subject to the same requirements as would be applicable to City or such other public agency should it have undertaken such construction work. 5 .4 Moratorium. Except as expressly provided in this Section 5, no subsequent City imposed moratorium, ordinance, resolution, or other Land Use Regulation or limitation on the conditioning, rate, timing or - sequencing of the Development of Owner's Property or any portion thereof shall apply to or govern the Development of Owner's Property during the term hereof whether affecting parcel or subdivision maps (whether tentative, vesting tentative, or final) , building permits, occupancy permits or other entitlements to use issued or granted by City. In the event of any such subsequent action by City, Owner shall continue to be entitled to apply for and receive Development Approvals in accordance with the Existing Land Use Regulations, subject only to the exercise of the Reservations of Authority set forth in Section 9 . 1, the limitations described in Section 9. 2 , and the terms of this Development Agreement. 6. FEES, TAXES AND ASSESSMENTS. City shall not, without the prior written consent of Owner, impose any additional fees, taxes or assessments on all or any portion of the Project, whether as a condition to a Future Development Approval or otherwise, except such fees, taxes and assessments as are described in or required by this Development Agreement and/or the Development Plan. This Development Agreement shall not p.cohibit the application of fees, taxes or assessments as follows: (a) Owner shall be obligated to pay those fees, taxes or assessments which exist as of the Effective Date and any increases in same, provided, however that such increases shall not exceed the increase, if any, in the Consumer Price Index - All Urban Consumers (Los Angeles -- Anaheim - Riverside Area) occurring after the Effective Date; (b) Owner shall be obligated to pay any fees or taxes imposed on a City-wide basis which are not related to construction or development activities such as business license fees or taxes and utility taxes; -11- 94119 dd 1:\vo11Njar\e602.14 • . 272557 235613 (c) owner shall be obligated to pay all fees applicable to a permit application as charged by City at the time such application is filed by Owner provided that such fees are based on the actual cost to City in processing such application; (d) Owner shall be obligated to pay any fees or assessments imposed on an area-wide basis, (such as landscape and lighting assessments and community services assessments) provided that the fees and assessments levied against Owner's Property do not constitute more than twenty-five percent (25%) of the total fees or assessment levied within the applicable area, unless otherwise consented to in writing by Owner. (e) owner shall be obligated to pay any fees as imposed pursuant to any assessment district established within the Project or otherwise proposed as consented to in writing by Owner. 7 . PROCESSING OF REQUESTS AND APPLICATIONS; OTHER GOVERNMENT PERMITS. 7 . 1 Processing. City shall not withhold, by any means or premise, Future Development Approvals, whether discretionary or ministerial, either to block construction of or impose conditions on the Project except as otherwise provided herein. In reviewing Future Development Approvals which are discretionary, City may impose only those conditions, exactions, and restrictions which are allowed by the Development. Plan and this Development Agreement. Upon satisfactory completion by Owner of all required preliminary actions, meetings, submittal of required information and payment of appropriate processing fees, if any, City shall promptly commence and diligently proceed to complete all required steps necessary for the implementation of this Development Agreement and the development by Owner of the Project in accordance with the Existing Development Approvals. In this regard, Owner, in a timely manner, will provide City with all documents, applications, plans and other information necessary for City to carry out its obligations hereunder and will cause Owner's planners, engineers and all other consultants to submit in a timely manner all required materials and documents therefor. It is the express intent of this Development Agreement that the Parties cooperate and diligently work to implement any zoning or other land use, site plan, subdivision, grading, building or other approvals for development of the Project in accordance with the Existing Development Approvals. Notwithstanding the foregoing, nothing contained herein shall be construed to require City to process Owner's applications ahead of other projects in process in City and city's obligations hereunder shall be subject to Ci'ty's workload and staffing at any given time. 7 . 2 Vesting Tentative Subdivision Maps. City shall extend through the Term hereof (pursuant to Government Code Section -12- 94119 dd 1:\vo11\jar\a602.14 1L'2=_7 • • � 3 r.�+� w 66452 . 6) all Vesting Tentative Subdivision Maps applied for by Owner during the Term of this Agreement and approved by City in the future but is not required to extend such Vesting Maps beyond the term of this Agreement. 7 . 3 Phased Final Maps. owner may file as many phased final maps for the Project as it deems appropriate. 7 .4 Other Governmental .Permits. owner shall apply in a timely manner for such other permits and approvals as may be required from other governmental or quasi-governmental agencies having jurisdiction over the Project as may be required for the development of, or provision of services to, the Project. City shall cooperate with Owner in its efforts to obtain such permits and approvals. 7. 5 Public AaencV Coordination. City and Owner shall cooperate and use reasonable efforts in coordinating the implementation of the Development Plan with other public agencies, if any, having jurisdiction over the Property or the Project. S. AMENDMENT OF DEVELOPMENT AGREEMENT. 8. 1 Initiation of Amendment. Either Party may propose an amendment to this Development Agreement. 8 . 2 Procedure. Except as set forth in Section 8 .4 below, the procedure for proposing and adopting an amendment to this Development Agreement shall be the same as the procedure required for entering into this Development Agreement in the first instance. 8 . 3 Consent. Except as expressly provided in this Development Agreement, no amendment to all or any provision of this Development Agreement shall be effective unless set forth in writing and signed by duly authorized representatives of each of the Parties hereto and recorded in the Official Records of Riverside County. 8 . 4 Minor Modifications. (a) Implementation of the Project may require minor modifications of the details of the Development Plan and performance of the Parties under this Development Agreement. The Parties desire to retain a certain degree of flexibility with respect to those items covered in general terms under this Development Agreement. Therefore, non-substantive and procedural modifications of the Development Plan shall not require modification of this Development Agreement. (b) A modification will be deemed non-substantive and/or procedural if it does not result in a material change in density, intensity of use, permitted uses, the maximum -13- 94119 dd I:\vo11\j,,Aa602.14 height and size of buildings, the reservation or dedication of land for public purposes, or the improvement and construction standards and specifications for the Project. (c) The Parties agree that the recordation of supplemental legal descriptions to the "Owner's Property" from time to time if Owner acquires any Adjacent Property is a ministerial procedural act and, therefore, is a minor modification of this Agreement. (d) Notwithstanding the foregoing, City will process any change to this Development Agreement consistent with state law and will hold public hearings therein if so required by state law and the Parties expressly agree nothing herein is intended to deprive any party or person of due process of law. 8.5 Effect of Amendment to Development Agreement. The Parties agree that except as expressly set forth in any such amendment, an amendment to this Development Agreement will not alter, affect, impair, modify, waive, or otherwise impact any other rights, duties, or obligations of either Party under this Development Agreement. 9 . RESERVATIONS OF AUTHORITY. 9 . 1 Limitations , Reservations and Exceptions. Notwith- standing anything to the contrary set forth in Section 7 herein- above, in addition to the Existing Land Use Regulations, only the following Land Use Regulations adopted by City hereafter shall apply to and govern the Development of Owner's Property ("Reservations of Authority") : (a) Future Reculations. Future Land Use Regulations which are not in conflict with the Existing Land Use Regulations or which are in conflict with the Existing Land Use Regulations but the application of which to the Development of Owner's Property has been consented to in writing by Owner. Notwithstanding the foregoing, Owner has specifically agreed to the rights of City as set forth in subsections (b) , (c) and (d) hereof. (b) State and Federal Laws and Regulations. Where state or federal laws or regulations enacted after the Effective Date prevent or preclude compliance with one or more provisions of the Development Agreement, those provisions shall be modified, through revision or suspension, to the extent necessary to comply with such state or federal laws or regulations and the modified Development Agreement shall remain in effect, subject to the following: (i) City shall not request modification of the Development Agreement pursuant to this provision unless -14- 94119 dd I:1v.IIVar1a602.14 • 272557 and until City makes a finding that such modification is required (as opposed to permitted) by state and federal laws or regulations; (ii) Unless otherwise agreed by the Parties, the modifications must be limited to those required (as opposed to permitted) by the state or federal laws; and (iii) The modified Development Agreement must be consistent with the state or federal laws or regulations requiring modification or suspension. (c) Public Health and Safety/Uniform Codes. (i) Adopi--ion Automatic Regarding Uniform Codes. This Development Agreement shall not prevent City from adopting Future Land Use Regulations which are uniform codes and are based on recommendations of a multi-state professional organization and become applicable throughout City, such as, but not limited to, the Uniform Building, Electrical, Plumbing, Mechanical, or Fire Codes. (ii) Adopt ion regarding Public Health and Safety/Uniform Codes. This Development Agreement shall not prevent City from adopting Future Land Use Regulations respecting public health and safety to be applicable throughout City which directly result from findings by City that failure to adopt such Future Land Use Regulations would result in a condition injurious or detrimental to the public health and safety and that such Future General Regulations are the only reasonable means to correct or avoid such injurious or detrimental condition. (d) Planned Development District Regulations . Not- withstanding the provisions of Section 5. 1, it is recognized by the Parties that 'the Existing Approvals, including the Specific Plan, are generalized and that City's procedures for providing development involve a more precise and detailed review including subdivision map approval, planned development district approval, and building plan check review and approval. At these levels of review, site specific criteria are considered, along with factors such as building heights, parking and loading requirements, front yard setbacks, minimum lot frontages, grading, open space requirements and similar matters as specified in Section 9403 . 00 of the Palm Springs Zoning Ordinance. For example, although the Specific Plan specifies the general location of the hotel and residential subdivision, City, through its Planning Commission, at the time of the approval, process for the planned development district must approve the exact location with due consideration for topography, geology, view, compatibility -15- 94119 dd 1:W.11\jar\a602.14 272557 with surrounding property and other constraints. In addition, City has not fully evaluated the need for or timing of construction of public infrastructure as provided in Section 5.3 . Therefore, City retains the right to impose appropriate conditions of approval in granting Future Approvals, consistent with its Existing Land Use Regulations, to further the purposes of this Development Agreement, so long as said Future Approvals permit Owner to construct the Project with the density and intensity of use provided in the Specific Plan. In the event of a .conflict between the time requirements in the PDD provisions of the Palm Springs Municipal Code and this Agreement, the provisions of this Agreement shall control. 9. 2 Regulation by Other Public Agencies. It is acknowledged by the Parties that other public agencies not within the control of City possess authority to regulate aspects of the Development of Owner's Property separately from or jointly with City and this Development Agreement does not limit the authority of such other public agencies . 10. ANNUAL REVIEW. 10. 1 Annual Monitoring Report. The Planning Director shall review performance under this Development Agreement annually, on or before the anniversary of the Effective Date, in order to ascertain the compliance by Owner with the terms of this Development Agreement. Upon completion of this review, the Planning Director shall submit a report to City Council setting forth the evidence concerning compliance or non-compliance by Owner with the terms of this Development Agreement and a recommended finding on that issue ("Report") . Unless waived by City Council, there shall be a public hearing on the Report not less than thirty (30) days after notice of said hearing is given to Owner and a copy of the Report is delivered to Owner. Owner shall reimburse City for the cost of the annual review notice. City can continue the hearing from time to time as it sees fit, including to gather additional evidence or to give Owner additional time to respond to any violations which have been discovered. Owner shall be prepared to discuss and respond to any and all issues respecting the Project, not limited to the issues, if any, in the Report. Owner shall be given an opportunity to present oral and written testimony. If City Council determines that Owner has substantially complied with the terms and conditions of this Development Agreement, the review shall be concluded. I£ City Council finds and determines that Owner has not substantially complied with the terms and conditions of this Development Agreement for the period under review, City Council shall declare a default by Owner in accordance with Section 11. 2 . -16- 94119 dd 1-\vo11\jar\a602.14 0 2' �557 10.2 Certificate of Compliance. If at the conclusion of a periodic review City Council finds that Owner is in compliance with this Development Agreement, City shall, upon request by Owner, issue an Estoppel Certificate to Owner in the form shown on Exhibit nDn 10 . 3 Failure to Conduct Annual Review. The failure of City to conduct the Annual Review shall not be an Owner Default. 11. DEFAULT, REMEDIES AND TERMINATION. 11. 1 Riqhts of Non--Defaulting Party after Default. The Parties acknowledge that ;both Parties shall have hereunder all legal and equitable remedies as provided by law following the occurrence of a default (as defined in Section 11. 2 below) or to enforce any covenant or agreement herein. Except in cases of automatic termination as provided in Article 3 , before this Agreement may be terminated or action may be taken to obtain judicial relief the Party seeking relief ("Nondefaulting Party") shall comply with the notice and cure provisions of this Article 11. 11. 2 Notice and Opportunity to Cure. A Nondefaulting Party in its discretion may elect to declare a default under this Development Agreement only in accordance with the procedures hereinafter set forth for any failure or breach of the other party ("Defaulting Party") to perform any material duty or obligation of said Defaulting Party under the terms of this Development Agreement. However, the Non-Defaulting Party must provide written notice to the Defaulting Party setting forth the nature of the breach or failure and the actions, if any, required by Defaulting Party to cure such breach or failure. The Defaulting Party shall be deemed in "default" under this Development Agreement, if said breach or failure can be cured, but the Defaulting Party has failed to take such actions and cure such default within ninety (90) days after the date of such notice (or such lesser time as may be specifically provided in this Agreement) . However, if such default cannot be cured within such ninety (90) day period, and if and, as long as the Defaulting Party does each of the following: (a) Notifies the Non-Defaulting Party in writing with a reasonable explanation as to the reasons the asserted default is not curable within the ninety (90) day period; (b) Notifies the Non-Defaulting Party of the Defaulting Party's proposed cause of action to cure the default; (c) Promptly commences to cure the default within the ninety (90) day period; -17- 94119 dd Bvoll\jnr\a602.14 2'7255'7 (d) Makes periodic reports to the Non-Defaulting Party as to the progress of the program of cure; and (e) Diligently prosecutes such cure to completion, then the Defaulting Party shall not be deemed in breach of this Agreement. Notwithstanding the foregoing, the Defaulting Party shall be deemed in default under this Agreement if said breach or failure involves the payment of money but the Defaulting Party has failed to completely cure said monetary default within thirty (30) clays (or such lesser time as may be specifically provided in this Agreement) after the date of such notice. 11. 3 Notice and Hearing. Prior to the termination of this Development Agreement due to the alleged default of Owner which has not been timely cured under Section 11. 2 , excluding, however, (i) termination provisions contained in Section 3 , and (ii) defaults disclosed as a result of the annual review process pursuant to Section 11, City shall provide Owner with a noticed hearing before City Council. Owner shall be given at least fifteen (15) days prior written notice of such hearing. At the hearing, Owner must present its response to the grounds for termination and its reasons as to why this Agreement should not be terminated. City Council shall render its decision as to whether this Agreement shall be terminated within thirty (30) days after the close of such hearing. Such decision shall set forth in writing the findings supporting City Council's decision. Action by City Council shall then be deemed final and there shall be no further right of appeal or hearing before City Council. 11. 4 Standard of Review in Judicial Action. It is agreed by the Parties that the purpose of providing the foregoing public hearing prior to termination is to make public any such action by City and assure that Owner may make a presentation before action is taken. The standard of review in any such public hearing shall be that the findings are supported by the evidence, and that there has not been an abuse of discretion, as provided in California Code of Civil Procedure Section 1094 . 5. 11. 5 Dispute Resolution. Owner and City may mutually elect, in the exercise of their respective sole discretion, to consent to arbitration (binding or non-binding) as a means of resolving disputes or questions of interpretation of this Development Agreement at the time such dispute arises. Should the Parties elect to arbitrate an issue, they shall at that time establish the rules, procedures, and supervising organization for such arbitration. 11. 6 Waiver of Breach. By recordation of a final map on all or any portion of Owner's Property, Owner shall be deemed to have waived any claim that any condition of approval of the map is improper or that the map as approved constitutes a breach of the provisions of this Development Agreement. -18- 94119 dd 1:\vo11\jar\a602.14 12 . TRANSFER. 12 . 1 Notice of Transfer. Owner has the right to assign and transfer this Development Agreement without city's approval, concurrently with the sale of the Property, or any portion thereof; provided, however, the transferee shall enter into an assumption agreement with City concerning Owner's rights and responsibilities under this Agreement so transferred, in the form attached hereto as Exhibit "E, " as applicable to the portion of the Property so transferred, which agreement shall identify all principals of the transferee as well as contact persons of the transferee. Upon such transfer, assignment and assumption, Owner's rights hereunder shall be deemed transferred to the transferee to the extent applicable for the portion of the Property so transferred, and Owner shall be released of its duty to perform any obligations so assigned and assumed under this Development Agreement, except to the extent owner is in default under -the terms of this Development Agreement prior to said transfer. 12 . 2 Sale to Residential Builder. Notwithstanding the provisions of Section12 . 1, nothing herein shall prevent Owner from selling or otherwise transferring a portion of the Property for residential development subject to any approved final subdivision map to a residential builder or builders for construction of houses in accordance with the terms of this Agreement, provided that the transferee enters into an assumption agreement with City with respect to the portion of the Property so acquired in the form attached hereto as Exhibit 11E. " 12 . 3 Termination of Agreement With Respect to Individual Parcels Upon. Sale to Public. Notwithstanding any provisions of this Development Agreement to the contrary, this Development Agreement shall terminate as to any lot which has been finally subdivided, graded for the building pad, and improved with all required public improvements but not containing a residential structure and individually (and not in "bulk") sold to an owner- user, and thereupon and without the execution or recordation of any further document or instrument, such lot shall be released from and no longer be subject to this Agreement. City shall execute such documents as are reasonably necessary to clear title to the lot from the provisions of this Agreement. 12 .4 Residential Declaration of Covenants , Conditions and Restrictions. Prior to the transfer of any portion of the residential lots to a third party, Owner shall submit a proposed form of Declaration of Covenants, Conditions and Restrictions to be recorded against the applicable residential subdivision to City for its review and approval ("Residential CC&Rs") . It is anticipated that said Residential CC&Rs will contain, among other things, protective covenants to protect and preserve the integrity and value in the residential subdivision, including but not limited to use restrictions, maintenance covenants, etc. , restrictions under this Development Agreement which will continue to apply to the -19- 94119 dd 1:\vo11\j.r\.602.14 • Z"1255'� subdivision, and a provision giving City the right to enforce said Residential CC&Rs. 13 . INDEMNITY. 13 . 1 Third-Party Litigation. (a) Non-liability of Citv. In addition to the other provisions of this Development Agreement, including, without limitation, the provisions of this Section 13, City shall have no liability under this Development Agreement for any failure of City to perform under this Development Agreement or the inability of Owner to develop owner's Property as contemplated by the Development Plan or this Development Agreement as the result of a final judicial determination that on the Effective Date, or at any time thereafter, the General Plan, the Land Use Regulations, this Development Agreement, or portions thereof, are invalid or inadequate or not in compliance with law. (b) Legal Cha]Llenge to Specific Plan. In the event that a legal challenge to the validity of the Specific Plan is filed prior to the expiration of the applicable statute of limitations, and such challenge results in a final judicial determination that the Specific Plan is not valid or was not properly adopted, this Agreement shall remain in effect and shall apply to the Specific Plan as readopted in accordance with such judicial determination or any revised specific plan which is adopted by City with respect to Owner's Property. (c) Revision of Land Use Restrictions. If for any reason the General Plan, Land Use Regulations, this Development Agreement or any part thereof is hereafter judicially determined as provided above to be not in compliance with the State or Federal Constitutions, laws or regulations and if such noncompliance can be cured by an appropriate amendment thereof otherwise conforming to the provisions of this Agreement, then this Development Agreement shall remain in full force and effect to the extent permitted by law. The Development Plan and/or this Agreement shall be amended, as necessary, in order to comply with such judicial decision. (d) Participat,ion in Litiqation; Indemnity. Owner agrees to, and shall defend, indemnify and hold harmless City and its respective elected boards, commissions, officers, agents and employees from any and all actions, suits, claims, liabilities, losses, damages, penalties, obligations and expenses (including but not limited to attorneys' fees and costs) arising from a challenge to the validity of (i) this Agreement, (ii) the PDD, (iii) the Specific Plan, or (iv) the granting of any Existing or Future Development Approvals. -20- 94119 dd LWoMpr\a602.14 S . 2'7255'7 City shall provide owner with notice of the pendency of such action and request that Owner defend such action. If Owner fails to do so, City may defend the action and Owner shall pay the cost thereof. Further, Owner agrees to defend, indemnify, and hold harmless City, and Agency and their respective elected boards, commissions, officers, agents and employees from any and all liabilities, losses, damages, penalties, obligations and expenses (including but not limited to attorneys fees and costs) arising from the pending lawsuit, entitled "Jeremy Crocker, individually and as co-trustee of the Francis F. and Rosalee W. Crocker Trust v. Community Redevelopment Agency of City of Palm Springs , et al. , Riverside County Superior Court, Case No. Indio 65118, until such time that Owner elects, in its discretion, to no longer defend such action. Notwithstanding the foregoing, the provisions of this section 13 . 1 (c) shall not apply to any inverse condemnation action filed against City and./or Agency whether or not such action is joined with any of the actions specified in said section. 13 . 2 Hold Harmless; Owner's Construction and Other Activities. Owner hereby agrees to, and shall defend, save and hold City and its elected and appointed boards, commissions, officers, agents, and employees harmless from any and all claims, costs (including attorneys' fees) and liability for any damages, personal injury or death, which may arise, directly or indirectly, from Owner's or Owner's agents, contractors, subcontractors, agents, or employees' operations under this Development Agreement, whether such operations be by Owner or by any of Owner's agents, contractors or subcontractors or by any one or more persons directly or indirectly employed by or acting as agent for Owner or any of Owner's agents, contractors or subcontractors. Nothing herein is intended to make Owner liable for the acts of City's officers, employees, agents, contractors of subcontractors. 13 . 3 Survival of Indemnity Obligations. All indemnity obligations hereunder incurred prior to termination of this Agreement shall survive termination of this Agreement for any reason. 14 . EFFECT OF AGREEMENT OPT TITLE. 14 . 1 Covenants Run with the Land. Subject to the provisions of Sections 12 and 17: (a) All of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Development Agreement shall be binding upon the Parties and their respective heirs, successors (by merger, consolidation, or otherwise) and assigns, devisees, administrators, representatives, lessees, and all other persons acquiring any .rights or interests in Owner's Property, or any portion -21- 94119 dd 1A,.11\j.,\A02.14 • 2'7255'7 thereof, whether by operation of laws or in any manner whatsoever and shall inure to the benefit of the Parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns; (b) All of the provisions of this Development Agreement shall be enforceable as equitable servitudes and constitute covenants running with the land pursuant to applicable law; and (c) Each covenant to do or refrain from doing some act on Owner's Property hereunder (i) is for the benefit of and is a burden upon every portion of Owner's Property, (ii) runs with such lands, and (iii) is binding upon each party and each successive owner during its ownership of such properties or any portion thereof, and each person having any interest therein derived in any manner through any owner of such lands, or any portion thereof, and each other person succeeding to an interest in such lands. 15 . CITY OFFICERS AND EMPLOYEES; NON--DISCRIMINATION. 15 . 1 Non-liability of City Officers and Employees. No official, agent, contractor, or employee of City shall be personally liable to Owner, or any successor in interest, in the event of any default or breach by City or for any amount which may become due to Owner or to its successor, or for breach of any obligation of the terms of this Development Agreement. 15 . 2 Conflict of Interest. No officer or employee of City shall have any financial interest, direct or indirect, in this Development Agreement nor shall any such officer or employee participate in any decision relating to the Agreement which affects the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any state statute or regulation. 15 . 3 Covenant Against Discrimination. Owner covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimina- tion against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, national origin, or ancestry in the performance of this Development Agreement. Owner shall take affirmative action to insure that employees are treated during employment without regard to their race, color, creed religion, sex, marital status, national origin or ancestry. 16 . MORTGAGEE PROTECTION. 16. 1 No Encumbrances Except Mortgages to Finance the Project. Notwithstanding the restrictions on transfer in Section -22- 9au9 dd I:Wolllja\a602.14 2'72557 0,� ' xLr�ilx_6.i-3 12., Mortgages required for any reasonable method of financing of the acquisition of land or construction of the improvements are permitted but only for the purpose of securing loans of funds used or to be used for financing the acquisition of a separate lot(s) or parcel (s) , for the construction of improvements thereon, in payment of interest and other financing costs, and for any other expendi- tures necessary and appropriate to develop the Project under this Agreement, or for restructuring or refinancing any of same. Owner (or any entity permitted -to acquire title under this Agreement) shall notify City in advance of any Mortgage. Any lender shall not be bound by any amendment, implementation, or modification to this Agreement without such lender giving its prior written consent thereto. In any event, Owner shall promptly notify City of any Mortgage that has been created or attached to Owner's Property prior to completion of construction, whether by vol.untary act of Owner or otherwise. 16. 2 Owner's Breach Not Defeat Mortgage Liar.. Owner's breach of any of the covenants or restrictions contained in this Agreement shall not defeat or render void the lien of any Mortgage made in good faith and for value but as a condition precedent to receiving any rights under this Agreement, the Mortgagee or successor who acquires an interest in Owner's Property by foreclosure, trustees sale or otherwise, must execute an assumption agreement (in the form attached hereto as Exhibit "E") whereby said new owner agrees that the terms, conditions, covenants, restrictions, easements and reservation of this Agreement shall be binding and effective against said owner. Said owner shall execute such assumption agreement within sixty (60) days after acquiring title to the property. If said owner fails to execute such agreement within the sixty (60) day time period specified, and in the manner specified, then at the end of such sixty (60) day period, City shall have the right to terminate this Agreement by delivery of written notice to the new owner of .record, and this Agreement shall terminate if such assumption agreement is not executed within thirty (30) days after City's delivery of such notice. The provisions of Section 11 shall not apply to this provision. 16. 3 Holder Not Obligated to Construct or Complete Improvements. The holder of any Mortgage shall in no way be obligated by the provisions of this Agreement to construct or complete the improvements or to guarantee such construction or completion. Nothing in this Agreement shall be deemed or construed to permit or authorize any :such holder to devote the Project or any portion thereof to any uses, or to construct any improvements thereon, other than those uses or improvements provided for or authorized by this Agreement. 16. 4 Notice of Default to Mortgagee. Whenever City shall deliver any notice or demand to Owner with respect to any breach or default by Owner hereunder, City shall at the same time deliver a copy of such notice or demand to each Mortgagee of record of any -23- 94119 dd kkvoll\jar\a602.14 27255'7 2:35G13 Mortgage who has previously made a written request to City therefor, or to the representative of such lender as may be identified in such a written request by the lender. No notice of default shall be effective as to the Mortgagee unless such notice is given. 16 . 5 Right to Cure. Each Mortgagee (insofar as the rights of City are concerned) shall have the right, at its option, within ninety (90) days after the receipt of the notice, and one hundred eighty (180) days after Owner's cure rights have expired, whichever is later, to: (a) Obtain possession, if necessary, and to commence and diligently pursue said cure until the same is completed, and (b) Add the cost of said cure to the security interest debt and the lien or obligation on its security interest; provided that in the case of a default which cannot with diligence be remedied or cured within such cure periods referenced above in this Section 16. 5, such Mortgagee shall have additional time as reasonably necessary to remedy or cure such default. In the event there is more than one such Mortgagee, the right to cure or remedy a breach or default of Owner under this Section shall be exercised by the Mortgagee first in priority or as the Mortgagees may otherwise agree among themselves, but there shall be only one exercise of such right to cure and remedy a breach or default of Owner under this Section. 17. GENERAL. 17 . 1 Estoppel Certificates. Either Party (or a lender under Section 16) may at any time deliver written Notice to the other Party requesting an estoppel certificate (the "Estoppel Certificate") stating: (a) The Agreement is in full force and effect and is a binding obligation of the Parties; and (b) The Agreement has not been amended or modified either orally or in writing or, if so amended, identifying the amendments. A Party receiving a request for an Estoppel Certificate shall provide a signed certificate to the requesting Party within thirty (30) days after receipt of the request. The Planning Director may sign Estoppel Certificates on behalf of City. An Estoppel Certificate may be relied on by assignees and Mortgagees. -24- 94119 dd 1:\vo11\j.6a602.14 2'725i'7 �y�ru�+l�nf The Estoppel Certificate shall be substantially in the same form as Exhibit "D" . 17 . 2 Force Majeure. The time within which Owner or City shall be required to perform any act under this Development Agreement shall be extended by a period of time equal to the number of days during which performance of such act is delayed due to war, insurrection, strikes, lock-outs, riots, floods, earthquakes, fires, casualties, natural disasters, Acts of God, acts of the public enemy, epidemics , quarantine restrictions, freight embargoes, archaeological finds, governmental restrictions on priority, initiative or referendum, moratoria, or unusually severe weather, or any other similar causes beyond the control or without the fault of the Party claiming an extension of time to perform. An extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if written notice by the party claiming such extension is sent to the other party within thirty (30) days of knowledge of the commencement of the cause. Any act or failure to act on the part of a Party shall not excuse performance by that Party. The provisions of this Section 17 . 2 shall not apply to Section 3 . 17. 3 Construction of Development Agreement. The language of this Development Agreement shall be construed as a whole and given its fair meaning. The captions of the sections and subsections are for convenience only and shall not influence construction. This Development Agreement shall be governed by the laws of the State of California. This Development Agreement is not intended to constitute, nor shall be construed to constitute, an impermissible attempt to contract away the: legislative and governmental functions of City, and in particular, City's police powers. This Development Agreement shall not, be deemed to constitute the surrender or abrogation of City's governmental powers over Owner's Property. 17 .4 Severability. If any provision of this Development Agreement is adjudged invalid, void or unenforceable, that provision shall not affect, impair, or invalidate any other provision, unless such judgment affects a material part of this Development Agreement. I£ all or any portion of this Development Agreement is found to unenforceable, this Development Agreement or that portion which is found to be unenforceable shall be deemed to be a statement of intention by the Parties and the Parties shall take all necessary actions to modify this Development Agreement to reflect the original intent in a valid and enforceable manner. Notwithstanding any other provisions of this Development Agreement, if any material provision of' this Development Agreement is found to be unenforceable, void, or voidable, Owner or City may terminate this Development Agreement. 17 . 5 Attorney's Fees. Should either party hereto institute any action or proceeding at law or in equity to enforce or to interpret any provision hereof or for damages or other relief by -25- 94119 dd Bvo11%j.A.602.14 2`7255 reason of an alleged breach of any provision hereof, each party shall bear its own attorneys' fees and other litigation expenses regardless of the outcome of such action or proceeding. 17 . 6 Reimbursement of Legal Costs. Owner has reimbursed City for the legal cost of preparing the Agreement, as well as litigation and other legal costs incurred by City and Agency through November 23 , 1993 . This is a liquidated sum and constitutes an accord and satisfaction of a disputed amount and a settlement of all sums due from owner to City and Agency through said date, except for sums related to preparation of an owner Participation Agreement between Owner and Agency. In addition, Owner shall reimburse City for reasonable Development Agreement related costs incurred after November 23, 1993 . 17 . 7 Joint and Several Obligations. All obligations and liabilities of Owner hereunder shall be joint and several among the obligees. 17. 8 Time of Essence. Time is of the essence in: (a) The performance of the provisions of this Development Agreement as to which time is an element; and (b) The resolution of any dispute which may arise concerning the obligations of Owner and City as set forth in this Development Agreement. 17.9 Waiver. Failure by a party to insist upon the strict performance of any of the provisions of this Development Agreement by the other party, or the failure by a party to exercise its rights upon the default of the other party, shall not constitute a waiver of such party's right to insist and demand strict compliance by the other party with the terms of this Development Agreement thereafter. 17 . 10 No Third Party Beneficiaries. The only parties to this Development Agreement are Owner and City. There are no third party beneficiaries and this Development Agreement is not intended, and shall not be construed to :benefit or be enforceable by any other person whatsoever. 17 . 11 Mutual Covenants. The covenants contained herein are mutual covenants and also constitute conditions to the concurrent: or subsequent performance by the Party benefitted thereby of the covenants to be performed hereunder by such benefitted Party. 17 . 12 Counterparts. This Development Agreement may be executed by the Parties in counterparts which counterparts shall be construed together and have the same effect as if all of the Parties had executed the same instrument. -26- 94119 dd I:\vo11\jar\a602.14 17. 1.3 Authority to Execute. The persons executing this Development Agreement on behalf of the Parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Development Agreement on behalf of said Party, (i.ii) by so executing this Development Agreement, such Party is formally bound to the provisions of this Development Agreement, and (iv) the entering into of this Development Agreement does not violate any provision of any other Agreement to which said Party is bound and (v) there is no litigation or legal proceeding which would prevent the Parties from entering into this Agreement. 17. 14 Notice. (a) To Owner. Any notice required or permitted to be given by City to Owner under this Development Agreement shall be in writing and delivered personally to Owner or mailed with postage fully prepaid, registered or certified mail, return receipt requested, addressed as follows: Canyon Development 2850 South Palm Canyon Drive Palm Springs, California 92264 Attention: Joseph Solomon, Karen Hall With a copy to: Richards, Watson & Gershon 333 South Hope Street 38th Floor Los Angeles, California 90071-1469 Attn: William L. Strausz, Esq. Gregory W. Stepanicich, Esq. Donald M. Fenmore, Esq. 12424 Wilshire Blvd. Suite 750 Los Angeles, California 90025 or such other address as Owner may designate in writing to City. (b) To City. Any notice required or permitted to be given by Owner to City under this Development Agreement shall be in writing and delivered personally to City Clerk or mailed with postage fully prepaid, registered or certified mail, return receipt requested, addressed as follows: City of Palm Springs 3200 Tahquitz Canyon Way Palm Springs, California. 92262 Attention: Planning Director -27- 94119 dd I:Wo11\jar\a602.14 2'72557 55 13 With a copy to: City of Palm Springs 3200 Tahquitz Canyon Way Palm Springs, California 92262 Attention'.: City Attorney or such other address; as City may designate in writing to Owner. Notices provided pursuant to this section shall be deemed received at the date of delivery as shown on the affidavit of personal service or the Postal Service receipt. 17 . 15 Further Actions and Instruments. Each of the Parties shall cooperate with and provide reasonable assistance to the other to the extent necessary to implement this Development Agreement. Upon the request of. either Party at any time, the other Party shall promptly execute, with acknowledgement or affidavit if reasonably required, and file or record such required instruments and writings and take any actions as may be reasonably necessary to implement this Development Agreement or to evidence or consummate the transactions contemplated by this Development Agreement. 17 . 16 Recitals. The recitals in this Development Agreement constitute part of this Development Agreement and each Party shall be entitled to rely on the truth and accuracy of each recital as an inducement to enter into this Development Agreement. 17 . 17 Recording. City Clerk shall cause a copy of this Development Agreement to be executed by City and recorded in the Official Records of Riverside County no later than ten (10) days after the Effective Date. The recordation of this Development Agreement is deemed a ministerial act and the failure of City to record the Development Agreement as required by this Section and the Development Agreement Statute does not make the Development Agreement void or ineffective. 17 . 18 Relationship of Parties. It is specifically understood and agreed by and between the Parties that the Project is a private development, that neither Party is acting as the agent of the other in any respect hereunder, and that such Party is an independent contracting entity with respect to the terms, covenants, and conditions contained in this Development Agreement. The only relationship between City and Owner is that of a government entity regulating the development of private property and the owner of such private property. 17 . 19 Entire Agreement. With the exception of Owner's Prior Claims, this Development Agreement constitutes the entire agreement between the Parties with respect to the subject matter of this Development Agreement, and this Development Agreement supersedes all previous negotiations, discussions, and agreements between the -28- 94119 dd Mvo11\jar\a602.14 272557 Parties. No parol evidence of any prior or other agreement shall be permitted to contradict, or vary the terms of this Development Agreement, except in connection with the Prior Claims. IN WITNESS WHEREOF, City and Owner have executed this Development Agreement on the date first above written. CITY OF PALM SPRINGS y � Mayor ATTEST: Ci�Y/ Clerk APPROM BY Tmr= CITY COUNCIL .APPROVED AS TO FOFi: By: David .mil 'shire City Attorney CANYON DEVELOPMENT, a California General Partnership By: ADLER CANYON PROPERTIES, a California Corporation, Managing General Partner •Its President r " . By; Its: Vice-President By: HARLEY PALM SPRINGS, L.P. , a California Limited Partnership General Partner By: ADLER CANYON PROPERTIES, a California Corporation, Managing General Partner Its,: President t,r Its• Vice-President -29- 94119 dd 1Av.11\j.r\.6(P.14 2'725�� STATE OF CALIFORNIA ) ss. COUNTY OF ) 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 inst- ument as the on, behalf of City OF PALM SPRINGS, the municipal corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its board of directors. Y WITNESS my hand and official seal. Notary Public (SEAL) STATE OF CALIFORNIA ) ss . COUNTY OF Los Angeles ) On the 10th day of February , 1994 , before me, the undersigned, a Notary Public, in and for said State and County, personally appeared Brian Adler personally known to me ,f- satis€aetery-near-idsTr-, ) to be the person(s) whose name() is/ire subscribed to the within instrument and acknowledged to me that he/shetthep executed the same in his/hertthe#r authorized capacity(ies}, and that by his/herftheir signature(s) on the instrument the person(s) , or the entity upon behalf of which such person{s) acted, executed the instrument. WITNESS my hand and official seal. f 1 Notary Pub (SEAL) O"'CIAL SEAEE MM yy CC PAULETTE ScHLEIMER oo mm Nolgry Publlc-Califnrrrlq w LOS ANGF.LES COUNTY July 29 g1994 Iros —30- 94119 dd I:\vo11\jar\a602.14 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT 1W SECTIONOPTIONAL State of Z7✓i� L CAPACITY CLAIMED BY SIG / 9h statute does not require the County of ✓J i '-� fill in the data below, doing so may prove w�l P invaluable to persons relying on the document. )) L , j ,J ,A'1.71dr7;2T� � l�. , ❑ INDIVIDUAL On y before me, DATE NAME, OFOFFICER-E.G,"LCNE DOE,NOTARX PUBLIC" I .• ; q ///� Q CORPORATE OFFICER(S) Pli r a'rhl! �/ YG�.///f,GCGGk��, v.l personally appeared �� , — TITLE(S) NAMES)OF SIGNER(G) personally known to me-OR-=]prdveZ-ti5"me-oTrthe-basis-9f satisfaetory-evidence- ❑ PARTNER(S) ❑ LIMITED ,✓✓ to be the person0whose name( is�3 ❑ GENERAL subscribed to the within instrument and ac- ❑ATTORNEY-IN-FACT knowledged to me that he/sh t ey�executed ❑TRUSTEE(S) the same in his/her/ it authorizes ❑GUARDIAN/CONSERVATOR capacit le N and that by his/he the-i EIAINE L.SCHWARIZ signaturgtQ on the instrument the perSOrl `'), ❑OTHER:comm + z -� or the entity upon behalf of which the — "' _ - Notary PuWlc—California r Y`' • RNERSIDE COUNTY persorlcjS.acted, executed the Instrument. bti My Comm.Expires FEB 3,1995 SIGNER IS REPRESENTING: t NAME OF PERSON(S)OR ENTITV(IES) j WITNESS my hand and official seal. SIG—U OF NOTARY Y OPTIONAL SECTION THIS CERTIFICATE MUST BE ATTACHED TO TITLE OR TYPE OF DOCUMENT— THE DOCUMENT DESCRIBED AT RIGHT: ` NUMBER OF PAGES DATE OF DOCUMENT Though the data requested here is not required bylaw, SIGNER(S)OTHER THAN NAMED ABOVE i it could prevent fraudulent reattachment of this form. _ 01992 NATIONAL NOTARY ASSOCIATION•8236 Remmet Ave.,P.O Box 7184•Canoga Park,CA 91309-7184 h 0 272557 ;235613 STATE OF CALIFORNIA ) ) ss. COUNTY OF Los Angeles ) On the 10th day of February 1994 , before me, the undersigned, a Notary Public, in and for said State and County, personally appeared Joseph Solomon personally known to me (.01 -grevec - to -me- o-rt-t#xe -baaia-art sa#ia#n�tvey evicte�tce) to be the person(-s-) whose name (s) is/-a-re- subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(3es) , and that by his/herjtheir signature (s) on the instrument the person(s) , or the entity upon behalf of which such person(ej acted, executed the instrument. WITNESS my hand and official seal. Notary Public (SEAL) OFFICIAL SEAL PAULETTE SCIJLEINIA ..� Notary Public-Ccffcmla . .� LOS ANGELES COUN1'�7 My Juy 29 c1994 IfEiS -31- 9,1119 dd lAvolVjuAx602.14 r :MtnTMu;x,w...a.w4.w��liRYYAkh'�W�%�M� 2122557 EXHIBIT "A" 883571-M MAP AND LEGAL DESCRIPTION OF OWNER'S PROPERTY THE LAND REFERRED TO IN THIS GUARANTEE IS SITUATED IN THE STATE OF CALIFORNIA, COU14TY OF RIVERSIDE, AND IS DESCRIBED AS FOLLOWS: PARCEL 1: THOSE PORTIONS OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO SASE AND MERDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF, DESCRIBED AS FOLLOWS: A. THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER. B. THE NORTHWEST' QUARTER OF THE NORTHEAST QUARTER. C. THE NORTH HALF OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER. D. THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER E. THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER. F. THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER. G. THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER. H. THE WEST HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER. I . THE SOUTH HALF OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER. J . THE SOUTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER. K. THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER. L. THE WEST HALF OF TI.E SOUTHEAST QUARTER OF THE NORTHEAST QUARTER. M. THE SOUTH HALF OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER. N. THE EAST HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER. EXHIBIT "A" TO DEVELOPMENT AGREEMENT 272557 883571-M 0. THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER. P. THE EAST HALF OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER. Q. THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER; EXCEPT FROM THE ABOVE, ALL THE LAND INCLUDED WITHIN THE FOLLOWING DESCRIBED SUBDIVISIONS: A. TRACT 2253 , AS SHOWN BY MAP ON FILE IN BOOK 55 PAGES 13, 14 AND' 15, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. B. TRACT 2269 , AS SHOWN BY MAP ON FILE IN BOOK 42 PAGES 70, 71, 72,• 73 AND 74 , OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. C. !TRACT. 2366 , AS SHOWN BY MAP ON FILE IN BOOK 50 PAGES 38 AND 39,' OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. D. TRACT 2472, AS SHOWN BY MAP ON FILE IN BOOK 48 PAGE 15, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. E. TRACT 2539, AS SHOWN BY MAP ON FILE IN BOOK 45 PAGE 51, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. F. TRACT 3247, AS SHOWN BY MAP ON FILE IN BOOK 55 PAGE 8, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. G. TRACT 3679 , AS SHOWN BY MAI) ON FILE IN BOOK 58 PAGES 6 AND 7, OF 'MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. H. TRACT 3650, AS SHOWN BY MAP ON FILE IN BOOK 57 PAGE 40, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. I . TRACT 4102, AS SHOWN BY MAP ON FILE IN BOOK 69 PAGES 62 AND 63; OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. J. ,TRACT 6109 , AS SHOWN BY MAP ON FILE IN BOOK 64 PAGES 1 AND 2, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. TRACT 16149, AS SHOWN BY MAP ON FILE IN BOOK 116 PAGES 3 THROUGH 8, BOTH INCLUSIVE, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. L-PARCEL MAP 11797, AS SHOWN BY MAP ON FILE IN BOOK 55 PAGES 18 AND 19, OF PARCEL MAPS, RECORDS OF RIVERSIDE: COUNTY, CALIFORNIA. ALSO EXCEPTING THEREFROM ALI, THAT PORTION THEREOF LYING WITHIN 272557 883571-M SOUTH PALM CA14YON DRIVE. PARCEL 2: LOTS I THROUGH 63 , INCLUSIVE, OF TRACT 12848 , AS SHOWN BY MAP ON FILE IN BOOK 124 PAGES 1, 2, 3 AND 4, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 2A: THAT PORTION OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER 01' SOUTH[WEST QUARTER, SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, LYING NORTHWESTERLY OF THE NORTHWESTERLY LINE OF LOTS 7 .AND 8 OF TRACT 12848, AS SHOWN BY MAP ON FILE IN BOOK 124 PAGES 1 , 2, 3 AND 4 , OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. SAID PROPERTY IS ALSO SHOWN ON THE MAP OF SAID TRACT 12848 AS 17LOODWAY". PARCEL', 3 : THAT PORTION OF THE SOUTHWEST QUARTER OF NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, DESCRIBED AS: BEGINNING AT THE NORTHWEST CORNER OF SAID TRACT; THENCE EAST ALONG THE NORTH LINE OF SAID TRACT, 705 FEET TO THE SOUTHEAST BANK OF PALM CANYON WASH; THENCE ALONG SAID BANK SOUTH 16 DEGREES 24 ' WEST, 728. 5 FEET; THENCE SOUTH 38 DEGREES 2.1. ' WEST 805 .0 FEET TO THE SOUTHWEST CORNER OF SAID TRACT; THENCE NORTH ALONG THE WEST LINE OF SAID TRACT, ' 1330 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. PARCEL 3A: THAT PORTION OF THE NORTH HALF OF NORTHWEST QUARTER OF SECTION 36`, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, DESCRIBED AS: BEGINNING AT A POINT,' AT THE INTERSECTION OF THE NORTH LINE OF SAID SECTION 36 AND THE. NORTHWEST BANK OF PALM CANYON WASH, SAID POINT BEING 628 FEET EAST OF THE NORTHWEST CORNER OF SAID SECTION; ' THENCE EAST ALONG THE NORTH LINE OF SAID SECTION, 833 FEET TO THE SOUTHEAST BANK OF SAID WASH; THENCE ALONG SAID SOUTHEAST BANK, SOUTH 13 DEGREES 30 ' WEST 210 FEET; THENCE SOUTH 29 DEGREES 35 ' WEST 1120 FEET; THENCE SOUTH 45 DEGREES 25 ' WEST 216. 3 FEET, TO THE SOUTH LINE OF SAID NORTH RALF OF NNORTHWEST.' QUARTER; 272557 23,561.3 683571-M THENCE WEST ALONG SAID SOUTH LINE 705.0 FEET TO THE WEST LINE OF SAID NORTH HALF NORTHWEST QUARTER; THENCE NORTH ALONG SAID WEST LINE 666.0 FEET TO THE NORTHWEST BANK OF SAID WASH; THENCE NORTH 43 DEGREES 24 ' EAST 914.0 FEET ALONG SAID NORTHWEST BANK TO THE POINT OF BEGINNING, CONTAINING 30. 2 ACRES, MORE OR LESS; EXCEPTING THEREFROM THAT PORTION OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERN.ARDINO BASE AND MERIDIAN, LYING NORTHWESTERLY OF THE FOLLOWING DESCRIBED LINE: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 36; THENCE SOUTH ALONG THE WEST LINE OF SAID SECTION 36 A DISTANCE OF 593.01 FEET TO THE NORTHWESTERLY CORNER OF THAT CERTAIN EASEMENT GRANTED TO THE RIVERSIDE COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT BY DEED RECORDED IN BOOK 1598 PAGE 181 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY'," CALIFORNIA, AND THE TRUE � POINT OF BEGINNING, THENCE NORTH 49 DEGREES 34 ' 14" EAST ALONG THE NORTHWESTERLY LINE. OF SAID EASEMENT 190 .76 FEET; THENCE NORTHEASTERLY IN A STRAIGHT LINE TO A POINT IN THE NORTHERLY LINE OF SAID SECTION 36 DISTANT 714 . 80 FEET EASTERLY ALONG SAID NORTHERLY LINE FROM SAID NORTHWEST CORNER OF SECTION 36, SAID LAST POINT BEING THE MOST WESTERLY CORNER OF THE PARCEL OF LAND DESCRIBED IN THE DEED TO RIVERSIDE COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT RECORDED APRIL 18, 1951 AS INSTRUMENT NO. 16616 IN BOOK 1263 PAGE 237 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 4: SOUTH HALF OF GOVERNMENT LOT 7 AND ALL OF GOVERNMENT LOT 1.2 IN SECTION 34, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF PALM SPRINGS, ACCORDING TO THE OFFICIAL PLAT THEREOF; EXCEPTING THEREFROM TRACT 10527 , IN THE CITY OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 1.02 PAGES 43, 44 AND 45, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 4A: THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 34, TOWNNSHIP 4 SOUTH, RANGE 4 EAST, ' SAN BERN_ARDINO BASE AND MERIDIAN, IN THE CITY OF PALM SPRINGS, ACCORDING TO THE OFFICIAL PLAT THEREOF; EXCEPTING THEREFROM TRACT 10527 , IN THE CITY OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 1.02 PAGES 43, 44 AND 45 , OF MAPS, 2`7255'7 883571-M RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 4B: THE, NORTH HALF OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 34 , TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF PALM SPRINGS, ACCORDING TO THE OFFICIAL PLAT THEREOF, PARCEL 4C: THE SOUTH HALF OF THE. NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF :SECTION 34, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF PALM SPRINGS, ACCORDING TO THE OFFICIAL PLAT THEREOF, PA-RCEL 5 : THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION 34 , TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF PALM SPRINGS, ACCORDING TO THE OFFICIAL PLAT THEREOF. PARCEL 6 : THE NORTH HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER , OF 'THE SOUTHWEST QUARTER; THE NORTH HALF OF THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF THE SOUTHWEST . QUARTER OF THE SOUTHWEST. QUARTER; AND THE WEST HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF. PARCEL 7: THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 35F TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND M RIDI,AN, ACCORDING TO THE OFFICIAL SURVEY THEREOF . PARCEL 8 : LOTS 71 THROUGH 74 AND LETTERED LOTS C AND D INCLUSIVE, OF TRACT 16149, AS SHOWN BY MAP ON FILE IN BOOK 116 PAGES 3 THROUGH 8, BOTH INCLUSIVE, OF MAPS; RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AS AMENDED BY CERTIFICATE OF CORRECTION RECORDED JANUARY 8 , 1981 AS INSTRUMENT NOS. 3024 AND 3025 AND RECORDED MARCH 29, 1982 AS INSTRUMENT NOS . 52094 and 52095 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 9 : A '=55 7 883571-M THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, AS SHOWN BY OFFICIAL GOVERNMENT SURVEY; EXCEPTING THEREFROM THE NORTHERLY 36 FEET OF THE WESTERLY 100 FEET OF SAID LAND. PARCEL 9A: NONEXCLUSIVE EASEMENTS FOR PUBLIC UTILITIES, ROADWAYS AND SEWER PURPOSES OVER THE FOLLOWING DESCRIBED PROPERTY: THE EAST 20 FEET OF THE NORTHWEST QUARTER, THE SOUTH 20 FEET; EXCEPT THE WESTERLY 100 FEET OF SAID SOUTH 20 FEET OF THE NORTHWEST QUARTER; THE WEST 20 FEET OF THE NORTHEAST QUARTER; THE SOUTH 20 FEET OF THE NORTHEAST QUARTER; THE WEST 20 FEET OF THE SOUTHEAST QUARTER; THE NORTH 20 FEET OF THE SOUTHEAST QUARTER; AND THE EAST 20 FEET OF THE NORTHEAST QUARTER, ALL IN THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN. PARCEL 10: NORTHWWEST QUARTER OF TIIE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; EXCEPTING THEREFROM THE SOUTH 38 FEET OF THE WEST 100 FEET THEREOF AS CONVEYED TO THE PALM SPRINGS WATER C6. , BY DEED RECORDED FEBRUARY 2, 1967 AS INSTRUMENT NO. 9239 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 10A: THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF. PARCEL 10B: THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, ACCORDING TO THE OFFICIAL PLAT THEREOF. PARCEL 10C: 27255'7 883571-M A NON-EXCLUSIVE EASEMENT FOR PUBLIC UTILITIES, ROADWAYS AND SEWER PURPOSES OVER THE EAST 20 FEET, AND ALSO, THE NORTH 20 FEET,- EXCEPT THE WESTERLY 100 FEET OF THE NORTH 20 FEET OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN. PARCEL 11: LOTS 41. THROUGH 50 , INCLUSIVE, AND LETTERED LOTS F AND G OF TRACT 18087 , AS SHOWN BY MAP ON FILE IN BOOR 211 PAGES 81 THROUGH 89, OF MAPS, AND AS SHOWN BY AMENDED MAP ON FILL IN BOOK 216 PAGES 32 THROUGH 40, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 12: THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN. PARCEL 13: THE EAST HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER. OF SECTION 34, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN, AND THE WEST HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER AND SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 34, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN. PARCEL 13A: THE SOUTH HALF OF GOVERNMENT LOT 6 OF SECTION 34, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO BASE AND MERIDIAN. 1.F f i C70G��'����iGail�Jf,`JIIVC��J I%�SICId ' I - - 'MjLdm@m(0))Q a 177 1, Jul t� • - rnx ruin x�+. arTh+I:rYKil (smin Lf11pY'��'�-���� �Z 1�:Miv smµ Lame. :3:.-+.siYna-. .:"�Y,-'.; 2r � I - _ / � f�1-�. { ♦` ,'- ``.rµ .¢N Sri" Y \ /l J'.��r,) yy.:�-'-•`: SmNLtLIKn F,/1 !� mot,+ S �J ( iYtu�Juulsfj 1�MY[II S/,TW MWn iii y��J N»a 2'7255; rr v . V I.. F < ' 3k iP-•':— ;• rr,,f :ro \Thv8 � R f` •b "<r r�:rr�' ' r'I �' '� a: i � ! d �. ps _� r? E f fMSF ?AW CANYNIWY l l ,_ � .� 1�(�j,}�� F.(�(•��i�i'.i/;71 I�i,;�, .`�; i°:'akc,' 11�46x1� �! ��� �n• LCt� �-i � 1 JL:L� - ` `- � '�; III j. ;i,i 1. li,l'�li S+ •-� ... -it: 4,.-m-� � -�?-"�^�- I ENE 1''•Ir•ll�� 1�� J /.'� N,�'• j� { n.9�:r=-_ r-;-" o��k. d..,`._:^',,: 2S—:Z .f. 4F� it llflyr0 1p l,flb'elf �'_•. ' .-� � - f it ;yii r rE: 1 , P ..III � /` rA.-, '�- 1 (• - _ 1 ( I V:,j{I • '_.,. x 1 t I� 6� .i P �-rf ''- @p-eF+ 'nl� .�� a.R� � �. .�/ ( •(yG�� !} NOR11I AR[ AS r;e` ��`,pp .. ir'i�!,= /,_I't�'�ur ��coulr� ,/ }',!•,i,�•q,_ 'll - ,.�� I �$i•:� iir� % `.]�,IgSII',.. ,. ,`i' e- '�: �\fL• nA ��r/• / .l'�',� -:�� ,'.�. .I '`I��i_—=' __�:?:_� \ \'•1�,!I �fi} —. .67 �tlf§J:' '%"° .��Yl /�!.° 7}ix/,-"m;�;. ... - - —"— lrx_•'_:_ ___— •tr`5 AURRAY� �-AG "z_-G�Ny FAG f LE ,C _��.-�_ 'c�` 9 ��� ter."`"`, f ,+'>n"�Z:�_-✓-�°•J✓.Y. :r -AS ,too 1'��r���-.,,!-�;-u,>,_ �[ o;*�,!�,>:� ,•�•-~ i �q �-,:�} o ='._.��•_..,- � - ._r_o : _E -E .y A T ES F;➢-Oft.-Ct S1[ MILE j FIGURE 12 272557 EXHIBIT "A-1" 0 LEGAL DESCRIPTION OF OWNER'S PROPERTY UNDER ALLOTTEE INDIAN LEASE THE LAND REFERREDITO IN THIS LEASE IS SITUATED IN THE STATE OF CALIFORNIA, COUNT IY OF RIVERSIDE, AND IS DESCRIBED AS FOLLOWS: I HOTEL PROPERTYlLEGAL DESCRIPTION THOSE PORTIONS � F SECTION 35, TOWNSHIP 4 SOUTH, RANGE 4 EAST, SAN BERNARDINO SASE AND MERDIAN,. ACCORDING TO THE• OFFICIAL PLAT THEREOF, DESCRIBED AS FOLLOWS: A. THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER. B.' THE' NORTHWEST' QUARTER OF THE NORTHEAST QUARTER. C. THE NORTH HAP OF. THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER. D. THE, NORTHHALF .OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER E. THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER, F. ITHE' NORTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THEINORTHWEST QUARTER.. G. THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER. H. THE WEST HAP�F OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER. . I. THE SOUTH HALF OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUART"ER•r''�:. I .. .' ,.. i J. THE, SOUTH LF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER. K. THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER. L. THE; WEST HAS,F OF THE SOUTHEAST 'QUARTER OF THE NORTHEAST QUARTER. H. THE SOUTH HALF OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER. 13. THE; EAST HALF OF THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER.. EXHIBIT "A-1" TO DEVELOPMENT AGREEMENT 2172557 0. THE NdRTH',RAST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHWEST:QUAR'L R. ' P. THE EAST HALF OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER. Q. THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF THE ;NORTHWEST QUARTER) EXCEPT FROM THE 'ABOVE, ALL THE LAND INCLUDED WITHIN THE FOLLOWING' DESCRIBED SUBDIVISIONS: A. TRACT 2253, As SHOWN BY MAP ON FILE IN BOOK 55 PAGES 13, 14 AND 15, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. 6, TRACT 2269, AS SHOWN BY MAP ON FILE IN BOOK 42 PAGES 70, 71, 72,173 AND 74, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. C. TRACT 2366 , AS SHOWN BY MAP ON FILE IN BOOK 50 PAGES 38 AND 39, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. O. TRACT 2472, AS SHOWN BY MAP ON FILE IN BOOK 48 PAGE 15 , OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. E. TRACT 2539 , AS SHOWN BY MAP ON FILE IN BOOK 45 PAGE 51, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. F. TRACT 3247 , AS SHOWN BY MAP ON FILE IN BOOK 55 PAGE 8, OF RAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. G. TRACT 3679 , AS SHOWN BY MAP ON FILE IN BOOK 56 PAGES 6 AND 7, OF MAPS, RECORD$ OF RIVERSIDE COUNTY, CALIFORNIA. H. TRACT 3650, AS SHOWN BY MAP ON FILE IN BOOK 57 PAGE 40 , OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. I. TRACT 4102 , AS SHOWN BY MAP ON F]:LE IN BOOK 69 PAGES 62 AND 63, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. J. TRACT• 6109 , AS SHOWN BY MAP ON FILE IN BOOK 84 PAGES 1 AND 2 , OF MAPS, RECORD} OF RIVERSIDE COUNTY, CALIFORNIA. K. TRACT 16149,1 AS SHOWN BY MAP ON FILE IN BOOK 116 PAGES 3 THROUGH 8', BOTH INCLUSIVE, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CIMFORNI,A. L. PARCEL MAP 11797, -AS SHOWN BY MAP ON FILE IN BOOK 55 PAGES 18 AND 19, OF PARCEL, MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. ALSO EXCEPTING THEREFROM ALL THAT PORTION THEREOF LYING WITHIN SOUTH PALM CANYON DRIVE. • • 272557 CANYON COVE LOTS (TRACT 16149) 'LEGAL DESCRIPTION LOTS 1 THROUGH 74, BOTH INCLUSIVE, OF TRACT 16149, AS SHOWN BY MAP ON FILE,.2N BOOK 116 PAGES 3 THROUGH 8, BOTH INCLUSIVE, OF, MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AND AS AMENDED BY CERTIPIC.ATE OF CORRECTION RECORDED JANUARY 8, 1981 AS INSTRUMENT NOS. 3024 AND 3025 AND RECORDED MARCH 29, 1982 AS INSTRUMENT NOS . 52094 AND 52095 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. t�J EXHIBIT "B" DESCRIPTION OF PROJECT Canyon Park Resort & Spa will include guard-gated residential enclaves for up to 400 homes; up to a 400-room luxury hotel; a health and fitness complex; an 18-hole regulation length golf course, driving range and a clubhouse; tennis complex with a clubhouse and a youth facility. An upscale retail and restaurant complex, meeting rooms and banquet facilities will compliment this unique destination resort. The Canyon Park Resort & Spa project is planned to be developed on approximately 340 acres of the total acres defined under the Specific Plan. Tne project site is located in the southern portion of City of Palm Springs on the South Palm Canyon Drive between Murray Canyon Drive and the southern boundary of City of Palm Springs. The following describes uses under the Specific Plan: Single Family Residential. 400 - Single Family Homes (minimum 2 ,500 s. f. each) Multi Family Residential 60 units - Multi Family Guest Facilities 400-room luxury hotel up to 1,250, 000 s. f. inclusive of a health and fitness center; retail and restaurant complex up to 91, 800 s. f. Recreational Facilities 18-hole first-class golf course with minimum of 6, 500 yds. Also a clubhouse of up to 36 , 600 s. f. and a driving range. Other Up to 30 acres of lakes and water features in and around the hotel, golf course, and homesites. 2)zss7 EXHIBIT "C" EXISTING DEVELOPMENT APPROVALS 1. General Plan 2 . Specific. Plan 3 . Redevelopment :Plan 4 . Palm Springs Municipal Code 5 . Palm Springs Zoning Code G. PDD EXHIBIT "C" TO DEVELOPMENT AGREEMENT 272557 EXHIBIT "D" ESTOPPEL CERTIFICATE Date Requested: Date of Certificate: On City of Palm Springs approved the "Development Agreement between the Canyon Development, a California General Partnership and City of Palm Springs" (the "Development Agreement") . This Estoppel Certificate certifies that, as of the "Date of Certificate" set forth above: [CHECK WHERE APPLICABLE] [ 1 1. The Development Agreement remains binding and effective: [ ] 2. . The Development has not been amended; [ ] 3 . The Development Agreement has been amended in the following aspects: [ ] 4 . Neither Owner nor any of its successors is in default under the Development Agreement; [ ] 5. The following defaults exist under the Development Agreement: This Estoppel Certificate may be relied upon by an transferee or mortgagee of any interest in the property which is the subject of the Development Agreement. CITY OF PALM SPRINGS By: Planning Director EXHIBIT "D" TO DEVELOPMENT AGREEMENT 272557 �W�S.y IVVI EXHIBIT "E" RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO: The City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 Attn: City Attorney pace a oTe line for ecor er s Use y ASSUMPTION AGREEMENT THIS ASSUMPTION AGREEMENT (this "Agreement" ) is made and entered into as of the day of 19_, by and between a ( "Transferee" ) , and THE CITY OF PALM SPRINGS, a Municipal Corporation ( "City") . RECITALS: A. Canyon Development, a California General Partnership, and the City of Palm Springs entered into that certain Development Agreement dated , 199_ (the "Original Development Agreement") , with respect to certain real property located in the City of Palm Springs, County of Los Angeles, State of California, as described therein (the "Entire Property") . Said Original Development Agreement was recorded on 1 19 as Instrument No. in the Official Records of Riverside County, California. (If applicable : Said Original Development Agreement has been amended by that certain Amendment to Development Agreement dated , 19 executed by and between and the City which was recorded on 19 as Instrument No. in the Official Records of Riverside County, California. The terms "Development Agreement" shall mean the Original Development Agreement as so amended. ) B. Pursuant to that certain document entitled it dated _ , 19_ executed by and recorded on 19 as Instrument No. in the Official Records of Riverside County, California, Transferee has acquired ownership of that certain portion of the Entire Property as described in Exhibit "A" which is attached hereto and incorporated by reference, and which portion is hereinafter referred to as the "Transferee' s Property" . Transferee' s Property shall remain subject to the terms and conditions of the Development Agreement as set forth herein. EXHIBIT "E" TO DEVELOPMENT AGREEMENT F32\053\0140V-0022\2078154.4 01/19/94 2'7255'7 T C' gya.pV*✓ C. All capitalized terms herein shall have the same meaning as set forth in the Development Agreement . NOW, THEREFORE, the parties agree as follows : 1 . Effective Date. The effective date of this Agreement shall be the date this Agreement is recorded in the Official Records of the County Recorder of Riverside County, California (the "Effective Date" ) . This Agreement shall not be effective until the Effective Date . 2 . Rights under Development Agreement_ Pursuant to Section of the Development Agreement, Transferee has acquired all right, title and interest as Owner under the Development Agreement to the extent such right, title and interest is applicable to Transferee' s Property. 3 . Assumption. Transferee hereby assumes and agrees to perform all of the obligations of Owner set forth in the Development Agreement to the extent such obligations are applicable to Transferee' s Property. 4 . Status of Owner' s Defaults . As of 19 , City represents to Transferee (i) that an Owner' s Default applicable to Transferees' Property exists under the Development Agreement as follows : and/or (ii) that the following breach, default, or omission by Owner has occurred that with ncti.ce or passage of time will constitute an Owner' s Default applicable to Transferees' Property under the Development Agreement : 5 . Binding Effect. This Agreement, and each and all of the provisions hereof, shall inure to the benefit of, or bind, as the case may require, the parties hereto, and as well, their respective successors and assigns. 6 . Execution in Counternart . This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. FS2\059\O140E40022\ M154.4 01/18/94 -2- 235)G1,3 IN WITNESS WHEREOF, the parties hereto have enterer_' into this Agreement as of the day and year first above written. Transferee City CITY OF PALM SPRINGS By: _ Mayor ATTEST: City Clerk APPROVED AS TO FORM: By: City Attorney FS2\053\014084-0022F2078154 4 01/18/94 -3 - • 2'72557 a STATE OF CALIFORNIA ) ss . COUNTY OF ) On the day of _ 19 , 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 its bylaws or a resolution of its board of directors . WITNESS my hand and official seal . Notary Public (SEAL) F82\053\014094-0022\2073154.4 01/19/94 -4- 2`J255'7 STAiR OF CALIFORNIA ) ss . COUNTY OF ) On the day of 19 , 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 (s) whose name (s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity (ies) , and that by his/her./their signature (s) on the instrument the person (s) , or the entity upon behalf of which such person (s) acted, executed the instrument . WITNESS my hand and official seal . (SEAL) Rotary Public F52\053\014M-0022=78154.4 01/18/94 -5-