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2017 SR Dev Co - Covenant re Landscaping + TrailsDocument-3 2492 5 7 -Page- 1 Page 1 of 1 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Attn: City Clerk 6981015610-0065 10789699.4 a04124/17 DOC # 2017-0189266 05/11/2017 10:11 AM Fees: $0.00 Page 1 of 35 Recorded in Official Records County of Riverside Peter Aldana Assessor -County Clerk -Recorder "This document was electronically submitted to the County of Riverside for recording" Receipted by: KNOW #289 Spare Above This Line for Recorder's Use (Exempt from Recording Fee per Gov't Code §6103 and §27383) COVENANT AFFECTING REAL PROPERTY (PERIMETER LANDSCAPING AND TRAILS) BY AND BETWEEN THE CITY OF LA QUINTA AND SILVERROCK DEVELOPMENT COMPANY, LLC about:blank 5/11/2017 COVENANT AFFECTING REAL PROPERTY (PERIMETER LANDSCAPING AND TRAILS).......................................................................................................................2 RECITALS.. ................................. .................................................................................... 2 AGREEMENT... .............................................. ..................................................................... — 3 1. GENERAL PROVISIONS............................................................................................. 3 1.1 Definitions................................................................................................3 1.2 Effective Date.......................................................................................... 5 1.3 Amendment or Cancellation by Mutual Consent......................................5 1.4 Covenants Run With the Land; Expressed Condition in Grant Deeds and Other Similar Instruments; Rights of Reverter or Re - Entry........................................................................................................ 5 1.5 Recording and Priority of Covenant.........................................................7 1.6 Covenant Parcels Free of Mechanic's Liens............................................7 2. REQUIREMENT TO MAINTAIN LANDSCAPING AND TRAILS...................................7 2.1 Outer Perimeter....................................................................................... 7 2.2 Dedications and Improvements...............................................................8 3. [RESERVED]...............................................................................................................8 4. DEFAULT AND REMEDIES......................................................................................... 8 4.1 City Rights...........................................................................................8 4.2 Notice and Cure of Default.......................................................................8 5. MISCELLANEOUS.......................................................................................................8 5.1 Notices, Demands and Communications Between the Parties. ............... 8 5.2 Force Majeure..........................................................................................9 5.3 Binding Effect.........................................................................................10 5.4 Non -liability of City Officers and Employees..........................................10 5.5 Covenant Against Discrimination...........................................................10 5.6 Attorney's Fees and Costs for Prevailing Party......................................10 5.7 Severability............................................................................................10 5.8 Time.......................................................................................................10 5.9 Recitals & Exhibits Incorporated............................................................11 5.10 Authority to Execute; Representations and Warranties .........................11 5.11 City Approvals and Actions....................................................................11 5.12 Governing Law.......................................................................................11 5.13 Counterpart Signature Pages................................................................11 LIST OF EXHIBITS A Site Plan of SilverRock Resort Area B Parcel Map No. 37207 C Covenant Parcels Legal Descriptions 698/015610-0065 10789699.4 a04/24/17 -1 COVENANT AFFECTING REAL PROPERTY (PERIMETER LANDSCAPING AND TRAILS) This COVENANT AFFECTING REAL PROPERTY (eERIMETER LANDSCAPING AND TRAILS) (the "Covenant") is entered into as of the34 day of MBA Y , 2017 (the "Effective Date"), by and between the CITY OF LA QU'INTA, a California municipal corporation and charter city ("City"), and SILVERROCK DEVELOPMENT COMPANY, LLC, a Delaware limited liability company ("Developer"), with reference to the following: RECITALS: A. City owns fee title to that certain real property located at the southwest intersection of Jefferson Street and Avenue 52, in the City of La Quinta, California, a general depiction of which is the Site Map attached as Exhibit "A" and incorporated herein (the "SilverRock Resort Area"). City and Developer entered into that certain Purchase, Sale, and Development Agreement dated November 19, 2014 (the "Original PSDA"), pursuant to which City agreed to sell to Developer specified "Planning Areas" (as defined in the PSDA) in the SilverRock Resort Area, and Developer agreed to purchase from City those specified "Planning Areas" to thereafter construct, complete, and operate thereon a commercial project containing a luxury resort hotel and spa and associated branded luxury residential units, a lifestyle hotel and associated lifestyle branded residential units, a conference and shared service facility, a temporary and permanent clubhouse for the SilverRock Resort's Arnold Palmer Classic Course, a mixed use village, a resort residential village, and associated amenities, all as further described in the PSDA as the "Project Components." B. City and Developer entered into that certain Amendment No. 1 to Purchase, Sale, and Development Agreement dated October 29, 2015 ("PSDA Amendment No. 1 ") and Amendment No. 2 to Purchase, Sale, and Development Agreement dated April 18, 2017 ("PSDA Amendment No. 2"), to, among other things, update the Site Map and various timeframes within the Original PSDA, including certain timeframes within the Schedule of Performance. The Original PSDA, as modified by PSDA Amendment No. 1 and No. 2, and any other amendments thereto, is hereinafter referred to as the "PSDA." C. The PSDA and SilverRock Resort Specific Plan ("Specific Plan"), among other land use governing documents, permits, and entitlements, are centered around the existing use and enjoyment, by residents, guests of the City, and members of the public, of the SilverRock Resort's Arnold Palmer Classic Course (the "Golf Course") and "Perimeter Landscaping and Trails" that surround the perimeter of the SilverRock Resort Area. D. Pursuant to the PSDA and other City permits and entitlements, Developer is required to complete the construction, development, use, and operation of the Perimeter Landscaping and Trails, as more particularly described in the PSDA. E. City approved Tentative Parcel Map No. 37207, attached as Exhibit "B", and incorporated herein (the "Parcel Map"), which, in accordance with the Subdivision Map 698/015610-0065 10789699 4 a04/24/17 -2- Act, subdivided the SilverRock Resort Area in the following parcels that constitute the "Future Resort Property" as defined in PSDA Amendment No. 2 and referred to in this Covenant as the "Landscaping and Trails Parcels": Parcels 13, 14, 15, and 16. The Landscaping and Trails Parcels are adjacent to Avenue 52, Jefferson Street, and Avenue 54, and more particularly described in the legal description attached hereto as part of Exhibit "C" and incorporated herein. Similarly, the Parcel Map subdivided the following parcels relating to access, maintenance, and operations of the Landscaping and Trails Parcels: Parcels A, B, C, D, E, F, and G (collectively, the "Landscaping and Trails Access/Operations Parcels"). The Landscaping and Trails Parcels and Landscaping and Trails Access/Operations Parcels are collectively referred to herein as the "Covenant Parcels" and are more particularly described in the legal descriptions attached hereto as Exhibit "C' and incorporated herein (the "Covenant Parcel Legal Description(s)"). The Covenant Parcels are burdened by this Covenant, serve as the "burdened estate" for purposes of this Covenant, and subject to its terms and conditions, as more particularly set forth herein. F. City is the owner by dedication of those certain public streets located in the City and known as Avenue 52 and Jefferson Street. The portions of said public streets that are adjacent to the SilverRock Resort Area, as depicted on the Parcel Map, in addition to any and all other real property owned by the City for public use (collectively, the "City-Benefitted Property"), is benefited by this Covenant, and serves as the "benefited estate" for purposes of this Covenant, and the terms and conditions, as more particularly set forth herein. AGREEMENT: NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, the Parties do hereby agree as follows: GENERAL PROVISIONS 1.1 Definitions. In addition to the terms that may be defined elsewhere in this Covenant, the following terms when used in this Covenant shall be defined as follows: 1.1.1 "City" means the City of La Quinta, a charter city and municipal corporation, including each and every agency, department, board, commission, authority, employee, and/or official acting under the authority of the City, including without limitation the City Council and the Planning Commission. 1.1.2 "City Council" means the City Council of the City and the legislative body of the City pursuant to California Government Code Section 65867. 1.1.3 "City Manager" means the individual duly appointed to the position of City Manager of City, or his or her authorized designee. 698/015610-0065 10789699 4 a04/24/17 -3- 1.1.4 "City-Benefitted Property" shall have the meaning in Recital F of this Covenant. 1.1.5 "Covenant" means this Covenant Affecting Real Property (Perimeter Landscaping and Trails). 1.1.6 "Covenant Parcel(s)" shall have the meaning in Recital E of this Covenant. 1.1.7 "Covenant Parcel Legal Description(s)" shall have the meaning in Recital E of this Covenant. 1.1.8 "Developer" means SilverRock Development Company, LLC, a Delaware limited liability company, and its successors and assigns. 1.1.9 "Effective Date" shall have the meaning set forth in Section 1.2 of this Covenant. 1.1.10 "Landscaping and Trails Access/Operations Parcel(s)" shall have the meaning in Recital E of this Covenant. 1.1.11 "Landscaping and Trails Parcels" shall have the meaning in Recital E of this Covenant. 1.1.12 "Original PSDA" shall have the meaning in Recital A of this Covenant. 1.1.13 "Parcel Map" means the parcel map identified in Recital E of this Covenant. 1.1.14 "Parties" means collectively Developer and City, and their respective successors and assigns. Each may be referred to in the singular as a "Party". 1.1.15 "Planning Area" means an area designated on the Site Map as a planning area. the PSDA. 1.1.16 "Project Component" shall have the same meaning as defined in 1.1.17 "PSDA" shall have the meaning in Recital B of this Covenant. 1.1.18 "PSDA Amendment No. 1" shall have the meaning in Recital B of this Covenant. 1.1.19 "PSDA Amendment No. 2" shall have the meaning in Recital B of this Covenant. 1.1.20 "Recorder's Office" means the Riverside County, California, Office of Official Records. 698/015610-0065 10789699.4 a04/24/17 -4- 1.1.21 "RGC" means The Robert Green Company, a California corporation. 1.1.22 "SilverRock Resort Area" has the same meaning in the PSDA, which refers to the approximately 145525 acres of real property located at the southwest intersection of Jefferson Street and Avenue 52 in the City of La Quinta, California 92253, depicted in the Site Map attached hereto as Exhibit "A". 1.1.23 "Site Map" means the map of the SilverRock Resort Area, which is attached hereto as Exhibit "A" and incorporated herein by this reference. The Site Map depicts twelve (12) proposed planning areas within the real property covered by the Specific Plan, numbered 1, 2, 3, 4, 5, 6, 7, 8, 9, 10A,1013, 11, and 12. 1.1.24 "Specific Plan" means the SilverRock Resort Specific Plan, approved by the City Council of City on July 18, 2006, as may be amended from time to time. 1.2 Effective Date. This Covenant shall be effective and of full force and effect upon complete execution by the Parties, which shall be inserted in the preamble, and shall be perfected as binding against any and all owners of the Covenant Parcels upon recording in the Recorder's Office. 1.3 Amendment or Cancellation by Mutual Consent. Except as expressly allowed herein, this Covenant shall not be amended or canceled in whole or in part without the prior written consent of the City, and, except when the City Manager may amend this Covenant as expressly allowed herein, any cancellation or amendment of this Covenant shall require the approval of the City Council by not less than a majority vote of the total membership. 1.4 Covenants Run With the Land: Expressed Condition in Grant Deeds and Other Similar Instruments: Rights of Reverter or Re -Ent . In any grant deed or other instrument conveying any right, title, or interest in any or all of the Covenant Parcels (or portion thereof) from the grantor (including the City) to the grantee (including Developer), words shall be included in such grant deed or other instrument signifying that such right, title, or interest, and any such estate created by such conveyance, shall be subject to the terms and conditions of this Covenant. Furthermore, such grant deed or other instrument shall expressly condition that the City, and its heirs and assigns, shall have a right or reverter and/or right to re-enter any or all Covenant Parcels upon their ceasing to be used for the Landscaping and Trails, pursuant to the terms and conditions of this Covenant. This Covenant is intended to be and shall be construed as a restrictive covenant that limits, restricts, and burdens the use of the Covenant Parcels. The City, as owner in fee of the Covenant Parcels, hereby declares that this Covenant, and the covenants, 698/015610-0065 10789699 4 a04/24/17 - 5- conditions, and restrictions of use on the Covenant Parcels as set forth herein, is intended to and shall run with the land in perpetuity, and each and every successor of the City that has any ownership interest or right of ownership interest in the Covenant Parcels (or portions thereof), including Developer, shall be subject to this Covenant, which is intended to be and shall be construed as placing a reasonable burden on the use of the Covenant Parcels, which, among other provisions, were developed for use and enjoyment with Landscaping and Trails uses, as more particularly described in this Covenant. To the maximum extent permitted by law, this Covenant shall be construed as an expressed, valid, and enforceable deed restriction, restrictive covenant, or other similarly described encumbrance that runs with the Covenant Parcels. This Covenant shall be binding upon any person or entity that acquires any right, title, or interest in or to any portion or all of the Covenant Parcels. Furthermore, this Covenant is designed to create equitable servitudes and covenants running with the land, in accordance with the provisions of Civil Code Section 1468. The covenants, conditions, restrictions, reservations, equitable servitudes, liens, and charges set forth herein shall run with the Covenant Parcels, as the "burdened property," and shall be binding upon all persons or entities having any right, title or interest in the Covenant Parcels (or portion thereof) and their heirs, successive owners and assigns, and shall be binding upon the Developer, and its successors and assigns. Furthermore, the covenants, conditions, restrictions, reservations, equitable servitudes, liens, and charges set forth herein shall run with the City-Benefitted Property, as the "benefitted property," and shall inure to the benefit of the City and its successors and assigns, and may be enforced by the City and its successors and assigns. The Developer hereby declares its understanding and intent that the burden of the covenants set forth herein touch and concern the land and that the Developer's interest in the Covenant Parcels is rendered less valuable thereby. The Developer hereby further declares its understanding and intent that the benefit of such covenants touch and concern the land by enhancing and increasing the enjoyment and use of the Covenant Parcels and by furthering public purposes for the City. In amplification and not in restriction of the provisions hereinabove, it is intended and agreed that the City is deemed a beneficiary of the covenants provided herein both for and in its own right and also for the purposes of protecting the interests of the community. All covenants without regard to technical classification or designation shall be binding for the benefit of the City and such covenants shall run in favor of the City, without regard to whether the City is or remains the owner of the City-Benefitted Property or of any land or interest therein to which such covenants relate. However, all such covenants and restrictions shall be deemed to run in favor of all real property owned by the City, which real property shall be deemed the benefited property of such covenants. The City shall have the right, in the event of any breach of this Covenant, to exercise all rights and remedies, and to maintain any action at law or in equity or other proper proceeding to enforce the curing of such breach of this Covenant. 698/015610-0065 10789699 4 a04/24/17 -6- 1.5 Recording and Priority of Covenant. Upon complete execution and notarizing of this Covenant, the City shall cause to be recorded in the Recorder's Office this Covenant. The Covenant shall be recorded against each and every one of the Covenant Parcels and the City-Benefitted Property. This Covenant shall be recorded prior to the recording of any grant deed, including the "Grant Deed" as defined in the PSDA, or any other instrument conveying any right, title, or interest to any of the Covenant Parcels (or portions thereof) from the City, and this Covenant shall have priority over and shall not be made subordinate to any mortgage, deed of trust, or other encumbrance recorded against the Covenant Parcels. 1.6 Covenant Parcels Free of Mechanic's Liens. The owner of the Covenant Parcels (or any portion thereof) shall pay when due all claims for labor performed and materials furnished in connection with the Covenant Parcels. No mechanics', materialmen's or other professional services liens (as contrasted with consensual monetary liens such as construction and/or permanent financing approved by the City and subject to this Covenant) shall be permitted against the Covenant Parcels (or any portion thereof) for any work done or materials furnished in connection with the performance of any contractor or construction work to be completed on the Covenant Parcels; provided, however, that the owner of the Covenant Parcels (or portion thereof) may contest the validity of any such lien, but upon a final determination of the validity thereof, the owner of the Covenant Parcels (or portion thereof) subject to such a lien shall cause the lien to be satisfied and released of record. The owner of the Covenant Parcels (or portion thereof) shall, within thirty (30) days after receipt of written notice of any encumbrance by any such lien or claim of lien, (i) cause any such outstanding lien or claim of lien to be released of record or transferred to bond in accordance with applicable law, or (ii) give such assurance as would enable a title insurance company to insure over such lien or claim of lien. 2. REQUIREMENT TO MAINTAIN LANDSCAPING AND TRAILS 2.1 Outer Perimeter. Subject to the terms and conditions in the PSDA, the perimeter of the Landscaping and Trails Parcels along Avenue 52, Jefferson Street, and Avenue 54, shall remain open and available for public use as pedestrian trails and with landscaping, which all shall be maintained in a first-class condition, and other uses that are consistent with the SilverRock Resort Area, the Specific Plan, and other permits and entitlements that further the first-class experience at the SilverRock Resort. Absent another agreement approved by the City, the "perimeter of the Landscaping and Trails Parcels" means approximately sixty (60) feet street curb onto the respective Landscaping and Trails Parcel, and such other areas on the Landscaping and Trails Parcels that have pedestrian trails and landscaping consistent with the Specific Plan and other permits and entitlements for the development and use of the Landscaping and Trails Parcels. 698/015610-0065 10789699.4 a04/24/17 -7- 2.2 Dedications and Improvements. Nothing in this Covenant shall release or relieve Developer from making any offers of dedications to the City or other applicable public agency, or complete those public improvements in connection with the development of the SilverRock Resort Area, as may be required by any conditions of approval, the Parcel Map, or any other requirement imposed by the City. 3. [RESERVEDI 4. DEFAULT AND REMEDIES. 4.1 City Rights. In the event of failure by Developer or any successor in interest that has any ownership interest in the Covenant Parcels (or any portion thereof) to perform any material term or provision of this Covenant, the City shall have those rights and remedies provided in this Covenant and shall have any and all rights and remedies available at law or in equity, including but not limited to immediate and permanent injunctive relief. 4.2 Notice and Cure of Default. Upon the receipt of the notice of default by the City, the defaulting party shall promptly commence to cure, correct, or remedy the identified default at the earliest reasonable time after receipt of the notice of default and shall complete the cure, correction or remedy of such default not later than ten (10) days after receipt of the notice of default, or, for such defaults that cannot reasonably be cured, corrected or remedied within ten (10) days, such Party shall commence to cure, correct, or remedy such default within such ten (10) day period, and shall continuously and diligently prosecute such cure, correction or remedy to completion, provided that such cure, correction or remedy is completed with sixty (60) days of the notice of default. 5. MISCELLANEOUS 5.1 Notices Demands and Communications Between the Parties. Any approval, disapproval, demand, document or other notice ("Notice") which either Party may desire to give to the other Party under this Covenant must be in writing and shall be sufficiently given if (i) delivered by hand, (ii) delivered by reputable same - day or overnight messenger service that provides a receipt showing date and time of delivery, or (iii) dispatched by registered or certified mail, postage prepaid, return receipt 698/015610-0065 10789699A a04/24/17 -8 requested, to the principal offices of City and Developer at the addresses specified below, or at any other address as that Party may later designate by Notice. To City: City of La Quinta 78-495 Calle Tampico La Quinta, California 92253 Attn: City Manager With a copy to: Rutan & Tucker, LLP 611 Anton Boulevard, Suite 1400 Costa Mesa, California 92626 Attn: William H. Ihrke To Developer: SilverRock Development Company, LLC c/o The Robert Green Company 3551 Fortuna Ranch Road Encinitas, California 92024 Attn: Robert Green With a copy to: Clinton L. Blain, Attorney at Law 3990 Old Town Avenue, Suite B-101 San Diego, California 92110 Phone: 619-584-1600 Attention: Clinton Blain, Esq. Any written notice, demand or communication shall be deemed received immediately if personally delivered or delivered by delivery service, and shall be deemed received on the third day from the date it is postmarked if delivered by registered or certified mail. 5.2 Force Maieure. Performance by a Party hereunder or any successor in interest to the Covenant Parcels (or portion thereof) shall not be deemed to be in default, and all performance and other dates specified in this Covenant shall be extended, where delays or Defaults are due to causes beyond the control or without the fault of the Party claiming an extension of time to perform, which may include the following (each, a "Force Majeure"): war; insurrection; acts of terrorism; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental restrictions prohibiting the use of the Covenant Parcels as specified in this Covenant; unusually severe weather; inability to secure labor, materials or tools necessary for the operation of the uses specified in this Covenant; and delays of any contractor, subcontractor or supplier that are not attributable to the owner of the Landscaping and Trails Parcels. Notwithstanding anything to the contrary in this Covenant, an extension of time for any such cause shall only be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the Party claiming such extension is sent to the other Party within thirty (30) days of the commencement of the cause. 698/015610-0065 10789699.4 a04/24/17 -9- 5.3 Binding Effect. This Covenant, and all of the terms and conditions hereof, shall be binding upon and inure to the benefit of the City, any subsequent owner of all or any portion of the Covenant Parcels, and their respective assigns, heirs or successors in interest, whether or not any reference to this Covenant is contained in the instrument by which such person acquired an interest in the Covenant Parcels. 5.4 „Non -liability of City Officers and Employees. No official, officer, employee, agent or representative of City, acting in his/her official capacity, shall be personally liable for any loss, costs, damage, claim, liability, or judgment, arising out of or connection to this Covenant, or for any act or omission on the part of City. 5.5 Covenant A ainst Discrimination. There shall be no discrimination against, or segregation of, any person or group or persons on account of race, color, creed, religion, sex, marital status, national origin or ancestry, or any other impermissible classification, in the performance of this Covenant. Developer shall comply with the Americans with Disabilities Act of 1990, as amended (42 U.S.C. §§ 12101, et seq.). 5.6 Attorney's Fees and Costs for Prevailing -Party. If there is an action against one Party by reason of the default of any term or condition in this Covenant, or otherwise arising out of this Covenant, the unsuccessful Party shall pay to the prevailing party its attorney's fees and costs, which shall be payable whether or not such action is prosecuted to judgment, and shall include fees and costs of appeal, if any. The term "prevailing party" shall include, without limitation, a party who obtains substantially the relief sought whether by compromise, settlement or judgment. 5.7 Severabilify. If any term or condition of this Covenant is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions of this Covenant shall continue in full force and effect, to the extent that the invalidity or unenforceability does not impair the application of this Covenant to maintain the Landscaping and Trails uses, and related uses, as provided herein. 5.8 Time. Time is of the essence in the performance of this Covenant and of each and every term and condition hereof as to which time is an element. 698/015610-0065 10789699.4 a04/24/17 _1 0- 5.9 Recitals & Exhibits Incorporated. The Recitals to this Covenant and all of the exhibits and attachments to this Covenant are, by this reference, incorporated into this Covenant and made a part hereof. 5.10 Authority to Execute; Representations and Warranties. Developer warrants and represents that (i) it is duly organized and existing, (ii) it is duly authorized to execute and deliver this Covenant, (iii) by so executing this Covenant, Developer is formally bound to the provisions of this Covenant, (iv) Developer's entering into and performance of its obligations set forth in this Covenant do not violate any provision of any other agreement to which Developer is bound, and (v) there is no existing or threatened litigation or legal proceeding of which Developer is aware which could prevent Developer from entering into or performing its obligations set forth in this Covenant. 5.11 City Approvals and Actions. Whenever a reference is made in this Covenant to an action or approval to be undertaken by the City, the City Manager or his or her authorized designee is authorized to act on behalf of the City unless this Covenant specifically provides otherwise, including but not limited to provisions in this Covenant when the City Council must review and take action, or the law requires otherwise. The City Manager or his or her authorized designee shall have the authority to implement this Covenant, including the authority to negotiate and sign on behalf of the City implementing agreements and other documents, so long as the substantive provisions of this Covenant are maintained. Nothing in this paragraph prevents or shall be construed as preventing the City Manager from taking any review, approval request, or other action relating to this Covenant to the City Council for its review and action. 5.12 Governing Law. The internal laws of the State of California shall govern the interpretation and enforcement of this Covenant without regard to conflicts of law principles. Any action at law or in equity brought by for the purpose of enforcing, construing, or interpreting the validity of this Covenant or any provision hereof shall be brought in the Superior Court of the State of California in and for the County of Riverside, or such other appropriate court in said county. 5.13 Counterpart Signature Pages. For convenience the Parties may execute and acknowledge this Covenant in counterparts and when the separate signature pages are attached hereto, shall constitute one and the same complete Covenant. [end — signature page follows] 698/015610-0065 10789699 4 a04/24/17 -11 - IN WITNESS WHEREOF, Developer and City have executed this Covenant as of the Reference Date. Date:, - Date: q 2b 4r Z f 2017 "DEVELOPER" SILVERROCK DEVELOPMENT COMPANY, LLC, a Delaware limited liability company By: RGC La Quinta II, LLC, a Delaware limited liability company Its: Co -Manager By: The Robert Green Company, a California corporation Its: Manager By: Name: Robert S. Green, Jr. Its: President and Chief Executive Officer By: RGC La Quinta, LLC, a Delaware limited liability company Its: Co -Manager By: The Robert Green Company, a California corporation Its: Manager By: / Name: Robert S. Green, Jr. Its: President and Chief Executive Officer [Signatures continued on next page] 698/015610-0065 10789699.4 a04/24/17 -1 2- "CITY" CITY OF LA QUINTA, a California municipal corporakpN and charter city Date:-Ag A --E 2017 By 6 �0- Jff —ra n � J. sp�`�v ATTEST: i, Lv, � Susan Maysels, City C rk APPROVED AS TO FORM RUTAN & TUCKER, LLP liam H. Ihrke, City Attorney 698/015610-0065 10789699.4 a04/24/17 -1 3- 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 STATE OF CALIFORNIA COUNTY OF $d,✓ .471E610 On q- Z9-1 7 , before me, I?OAI 7. ,10-7A�ey All' do Notary Public, personally appeared RP131---ILT S 4�-IP62AI 112-- who proved to me on the basis of satisfactory evidence to be the person(ji whose name() &ams subscribed to the within instrument and acknowledged to me that executed the same in ii IW4#�9* authorized capacity(ipsT and that by &AieTftfte1r signatureK on the instrument the person{, or the entity upon behalf of which the person 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: koff _ Notary Public R 0 N J. SEGAL Commission # 2098015 z s`i Notary Public - California Z z�'�� r San Diego County � } My Comm Expires, FAb 21, 20191i L 698/015610-0065 10789699-4 a04/24/17 -1 4- 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 State of California County of Riverside On 2017 before me, TERESA THOMPSON, Notary Public, personally appeared ANK J. SPEVACEK who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person 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. TERESA THOMPSON WITNESS m hand and official seal. Y '`:. commission # 2030796 - k "��a Notary Public - California Z z ^ a• ' ' Riverside County My Comm. Expires Jun 24, 2017 Signature (seal) DOCUMENT: COVENANT AFFECTING REAL PROPERTY (PERIMETER LANDSCAPING AND TRAILS) between City of La Quinta and SilverRock Development Company, LLC re property (Parcel Map 37207) -15- IDA l l U�IZ !f[ 1;i �'t�Z1 INC ; EN ]'IA1. P _ `[4-=C 0 N 1: F, C IC 1 AN1) MP► _ I'll 1 R l? 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OPERATIONS PARCELS: Those portions of Sections 5, 6 and 8 Township 6 South, Range 7 East, San Bernardino Meridian, in the City of Lp Quinta, County of Riverside, State of California, described as follows: Parcels 13, 14, 15, and 16, and Parcels A, B, C, D, E, F, and G of Parcel Map No. 37207 per map filed in Book 242, Pages 72 through 87 inclusive, of Parcel Maps, in the office of the County Recorder of Riverside County, State of California. This legal description was prepared by me or under my directions in conformance with the requirements of the Professional Land Surveyors Act. Christopher L. Alberts, P.L.S. 8508 Date: /W 9 1q)/