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2019 GRANT DEED to LQ Hospitality Group - Marriott Residence Inn Recordedta Quixra - — GE,1 q'rhr DESERT — MEMORANDUM TO: Frank J. Spevacek, City Manager FROM: Angela Ferreira, Management Analyst DATE: May 15, 2019 RE: Grant Deed - LQ Hospitality Group, LLC - Marriott Hotel Attached for your signature is a Grant Deed that will transfer City Owned property to LQ Hospitality Group, LLC for the construction of a Marriott Hotel Please sign the attached agreement(s) and return to the City Clerk for processing and distribution. Requesting department shall check and attach the items below as appropriate: -N/A_ Contract payments will be charged to account number: _N/A Amount of Agreement, Amendment, Change Order, etc.: -N/A_ A Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s) is attached with no reportable interests in LQ or _ reportable interests _N/A_ A Conflict of Interest Form 700 Statement of Economic Interests is not required because this Consultant does not meet the definition in FPPC regulation 18701(2). Authority to execute this agreement is based upon: _X Approved by the City Council on 6/5/18 B4 CS*-(rF Wpic'Wk'r'�) -N/A_ City Manager's signature authority provided under Resolution No. 2015-045 for budgeted expenditures of $50,000 or less. This expenditure is $83,333 and authorized by City Manager [Council, Director, etc] _N/A_ Initial to certify that 3 written informal bids or proposals were received and considered in selection The following required documents are attached to the agreement: -N/A- Insurance certificates as required by the agreement (approved by Risk Manager on date) -N/A_ Performance bonds as required by the agreement (originals) _N/A_ City of La Quinta Business License number _N/A A requisition for a Purchase Order has been prepared (amounts over $5,000) - PENDING APPROVAL OF AGREEMENT -N/A_ A copy of this Cover Memo has been emailed to Finance Revised May 2017 PLEASE COMPLETE THIS INFORMATION RECORDING REQUESTED BY: FIRST AMERICAN TITLE AND WHEN RECORDED MAIL TO: AND MAIL TAX STATEMENTS TO: LQ Hospitality Group LLC 7255 E Hampton Ave #122 Mesa AZ 85209 TRA: 020•011 DTT: $1529.00 DOC # 2019-0197421 06/03/2019 11:54 AM Fees: $23.00 Page 1 of 4 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: TERESA #134 Space above this line for recorder's use only GRANT DEED Title of Document Exemption reason declared pursuant to Government Code 27388.1 Fv This document is a transfer that is subject to the imposition of documentary transfer tax. ❑ This is a document recorded in connection with a transfer that is subject to the imposition of documentary transfer tax. Document reference; RECORDED CONCURRENT This document is a transfer of real property that is a residential dwelling to an owner - occupier. This is a document recorded in connection with a transfer of real property that is a residential dwelling to an owner -occupier. Document reference: THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION ($3.00 Additional Recording Fee Applies) ACR 238 (Rev. 01/2018) Available in Alternate Formats _Kecoraing Nequested By First American Title Company RECORDING REQUESTED BY: DOC #2019-0197421 Page 2 of 4 MAIL TAX STATEMENTS AND WHEN RECORDED MAIL TO: LQ Hospitality Group, LLC 7255 E. Hampton Ave. Suite 122 Mesa, AZ 85209 APN: Por. 600-020-053 SPACE ABOVE THIS LINE IS FOR RECORDER'S USE bT-, It 0SACI'00 EXEMPT FROM RECORDERS FEE PURSUANT TO GOVERNMENT CODE SECTIONS 27383 AND 6103 GRANT DEED For valuable consideration, receipt of which is hereby acknowledged, CITY OF LA QUINTA, a California Municipal Corporation hereby GRANT(S) to LQ HOSPITALITY GROUP, LLC, an Arizona Limited Liability Company the real property situated in the County of Riverside, State of California: FOR COMPLETE LEGAL DESCRIPTION, SEE "EXHIBIT A" ATTACHED HERETO AND MADE PART HEREOF. Dated: ATTEST: Monika Radeva, City C APPROVED AS TO FORM: RUTAN & TUCKER, LLP rP U k.1-, � YZ William H. Ihrke, City Attorney CITY OF LA QUINTA, a California municipal MAIL TAX STATEMENTS AS DIRECTED ABOVE DOC #2019-0197421 Page 3 of 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 } © )SS. COUNTY OF MV` ) I On 0'13' 1--before me, Monika Radeva, Notary Public, personally appeared Frank 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, WITNESS my hand and official Sign MONIKA RADEVA Notary Public • CAlifornia -. Riverside County Z Commission # 2t68979 M Comm, Ex ires 00 22, 2020 DOC #2019-0197421 Page 4 of 4 EXHIBIT A PARCEL 1 That certain real property in the City of La Quinta, County of Riverside, State of California, described as: PARCEL 1 OF PARCEL MAP No. 37683 AS SHOWN ON MAP ON FILE IN PARCEL MAP BOOK_a_�lp , PAGES_L- THROUGH SE, INCLUSIVE, RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, SAID PARCEL CONTAINING 2.99 ACRES (130,316 SQUARE FEET) MORE OR LESS. SUBJECT TO ALL COVENANTS, RIGHTS, RIGHTS OF WAY AND EASEMENTS OF RECORD, IF ANY. 4. o No. 7107 K Expm 1231p' lip yP