HomeMy WebLinkAbout0014_12_DDL Affordable Housing - Exhibit K Memo of DDLAI-1
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EXHIBIT I
FORM OF MEMORANDUM OF DDLA
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
City of Lake Elsinore
130 South Main Street
Lake Elsinore, CA 92530
Attention: City Manager
No fee for recording pursuant
To Government Code Section 27383
APN: 365-030-001 SPACE ABOVE FOR RECORDER'S USE ONLY
MEMORANDUM OF
DISPOSITION, DEVELOPMENT AND LOAN AGREEMENT
THIS MEMORANDUM OF DISPOSITION, DEVELOPMENT AND LOAN
AGREEMENT (the "Memorandum of DDLA") is made as of ______________, 201_, by
and between the City of Lake Elsinore, a municipal corporation (the "City"), and
________________________, a California limited partnership (the "Developer"), to
confirm that the City and the Developer have entered into that certain Disposition,
Development and Loan Agreement dated as of ______________, 2016 (the "DDLA").
The DDLA imposes certain conditions (including, but not limited to, construction
requirements, operating covenants, and transfer restrictions) on the real property
described in Exhibit A attached hereto and incorporated herein (the "Property"). The
DDLA is a public document and may be reviewed at the principal office of the City.
Rest of Page Left Intentionally Blank
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IN WITNESS WHEREOF, the parties have caused this Memorandum of DDLA
to be duly executed as of the date first above written.
CITY:
CITY OF LAKE ELSINORE, a municipal
corporation
By:____________________________
____________________________
City Manager
DEVELOPER:
____________________________, a
California limited partnership
By:_____________________________,
a California limited liability
company, its managing general
partner
By:________________________
Name: ________________________
Its:________________________
By:_____________________________,
a California limited liability
company, its administrative general
partner
By:________________________
Name: ________________________
Its:_______________________
Signatures Must Be Notarized
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STATE OF CALIFORNIA )
)
COUNTY OF __________________)
On ____________________, before me, ___________________________,
Notary Public, personally appeared ______________________________________, who
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 the
person(s) acted, executed the instrument.
I certify UNDER PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
______________________________________
Name: ______________________________
Notary Public
(seal)
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
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1603\27\1893187.1
STATE OF CALIFORNIA )
)
COUNTY OF __________________)
On ____________________, before me, ___________________________,
Notary Public, personally appeared ______________________________________, who
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 the
person(s) acted, executed the instrument.
I certify UNDER PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
______________________________________
Name: ______________________________
Notary Public
(seal)
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
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1603\27\1893187.1
STATE OF CALIFORNIA )
)
COUNTY OF __________________)
On ____________________, before me, ___________________________,
Notary Public, personally appeared ______________________________________, who
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 the
person(s) acted, executed the instrument.
I certify UNDER PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
______________________________________
Name: ______________________________
Notary Public
(seal)
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or validity of that document.
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EXHIBIT "A"
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
AND IS DESCRIBED AS FOLLOWS:
THAT PORTION OF THE SOUTHEAST 1/4 OF SECTION 16, TOWNSHIP 6 SOUTH, RANGE 4 WEST, SAN BERNARDINO
BASE AND MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE MOST NORTHERLY CORNER OF LOT 12 IN BLOCK "G" OF RANCHO LA LAGUNA,AS
SHOWN BY MAP ON FILE IN BOOK 4, PAGE 174 OF MAPS, RECORDS OF SAN DIEGO COUNTY,CALIFORNIA;
THENCE NORTH 74° 45' EAST, 220 FEET;
THENCE NORTH 15° 15 WEST, 110 FEET;
THENCE NORTH 74° 45' EAST, 440 FEET;
THENCE NORTH 15° 15' WEST, 110 FEET TO THE TRUE POINT OF BEGINNING;
THENCE SOUTH 74°45'WEST, TO A POINT ON THE NORTHEASTERLY PROLONGATION OF THE
NORTHWESTERLY LINE OF LOT 12 IN BLOCK "G" OF RANCHO LA LAGUNA, AS SHOWN BY MAP ON FILE IN
BOOK 4 PAGE 17 OF MAPS, RECORDS OF SAN DIEGO COUNTY,CALIFORNIA;
THENCE NORTHEASTERLY ON SAID NORTHEASTERLY PROLONGATION OF NORTHWESTERLY LINE OF SAID
LOT 12 IN BLOCK "G" TO THE WESTERLY LINE OF MISSION TRAIL HIGHWAY;
THENCE FOLLOWING ALONG THE WESTERLY LINE OF SAID MISSION TRAIL HIGHWAY IN A SOUTHEASTERLY
DIRECTION, TO A POINT WHICH BEARS NORTH 74° 45' EAST FROM THE POINT OF BEGINNING;
THENCE SOUTH 74° 45' WEST, TO THE TRUE POINT OF BEGINNING.
SAID LAND BEING ALSO DESCRIBED AS ALL OF LOTS 1110, 1111, 1175, 1176, 1177, 1178, 1179, 1238,
1239, 1240, 1241, 1242 AND THE NORTHWESTERLY 1/2 OF LOT 1243, AS SHOWN ON ASSESSOR'S MAP NO. 48,
RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AND THAT PORTION OF THE ABANDONED RIGHTS OF WAY OF
ATCHISON, TOPEKA AND SANTA FE RAILROAD COMPANY, ADJACENT THERETO.
APN: 365-030-001