2020 DP Mobile Home - Condemnation Deposit to State TreasurerSTATE OF CALIFORNIA
REPORT TO STATE CONTROLLER OF
REMITTANCE TO STATE TREASURER
TC -30
ArL*1 Y, �*RCREDrT TO: [FUN01 ACPAOPRUTR7R DATA;
State Treasurer's Office 9991 Condemnation bE osit Fund
REMITTANCE ADVICE NO.
ST920006
CA 21 (08!98) PC Excell 97 Version
by certify that the foregoing report is a correct statement of all monies received by the above -
aid Furld or Appropriation during the periods stated below in accordance with Section 12410 of
has been -nadzSilhe State Treasurer
PHONE (916)653-8006
inclusive
TREA IIRERS ENDORSERENT
TO STATE CONTROLLER: I here
named agency and on account of s
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O
the Government Code. Remittance
(Signed)
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OFFICIAL TI
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Sr. Accountin O Icer
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DATE 07/23/20
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CONTACT Kimberly Mooi
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Collection period fron
CA 21 (08!98) PC Excell 97 Version
by certify that the foregoing report is a correct statement of all monies received by the above -
aid Furld or Appropriation during the periods stated below in accordance with Section 12410 of
has been -nadzSilhe State Treasurer
PHONE (916)653-8006
inclusive
8/24/2020
Law section
I] LEGISLATIVE INFORMATION
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CODE OF CIVIL PROCEDURE - CCP
PART 3. OF SPECIAL PROCEEDINGS OFA CIVIL NATURE [1063 -1822.60] ( Part 3 enacted 1872.)
TITLE 7. EMINENT DOMAIN LAW [1230.010 -1273.050] ( Title 7 repealed (comm. with Section 12371 and added by Stats.
1975, Ch. 1275. )
CHAPTER 6. Deposit and Withdrawal of Probable Compensation; Possession Prior to Judgment [1255.010 -
1255.480] ( Chapter 6 added by Stats. 1975, Ch. 1275. )
ARTICLE 1. Deposit of Probable Compensation [1255.010 - 1255.080] (Article 1 added by Stats. 1975, Ch. 1275. )
1255.010. (a) At any time before entry of judgment, the plaintiff may deposit with the State Treasury the probable
amount of compensation, based on an appraisal, that will be awarded in the proceeding. The appraisal upon which
the deposit is based shall be one that satisfies the requirements of subdivision (b). The deposit may be made
whether or not the plaintiff applies for an order for possession or intends to do so.
(b) Before making a deposit under this section, the plaintiff shall have an expert qualified to express an opinion as
to the value of the property (1) make an appraisal of the property and (2) prepare a written statement of, or
summary of the basis for, the appraisal. The statement or summary shall contain detail sufficient to indicate clearly
the basis for the appraisal, including, but not limited to, all of the following information:
(A) The date of valuation, highest and best use, and applicable zoning of the property.
(B) The principal transactions, reproduction or replacement cost analysis, or capitalization analysis, supporting the
appraisal.
(C) If the appraisal includes compensation for damages to the remainder, the compensation for the property and for
damages to the remainder separately stated, and the calculations and a narrative explanation supporting the
compensation, including any offsetting benefits.
(c) On noticed motion, or upon ex parte application in an emergency, the court may permit the plaintiff to make a
deposit without prior compliance with subdivision (b) if the plaintiff presents facts by affidavit showing that (1)
good cause exists for permitting an immediate deposit to be made, (2) an adequate appraisal has not been
completed and cannot reasonably be prepared before making the deposit, and (3) the amount of the deposit to be
made is not less than the probable amount of compensation that the plaintiff, in good faith, estimates will be
awarded in the proceeding. In its order, the court shall require that the plaintiff comply with subdivision (b) within a
reasonable time, to be specified in the order, and also that any additional amount of compensation shown by the
appraisal required by subdivision (b) be deposited within that time.
(Amended by Stats. 2001, Ch. 428, Sec. 5. Effective January 1, 2002.)
https://Ieginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP§ionNum=1255.010.#:-:text=(a) At any time before,be awarded... 1/1
ummu R •
f o u r s e a s o n s e s c r o w, i n c.
78070 Calle Cadiz, La Quinta, CA 92253
Phone (760) 564-4044 Fax (760) 771-2999
DATE: July 17, 2020
FIRST SUPPLEMENT - RESIDENTIAL
Escrow Officer: Leeta Slama Title Officer: Kathy Crawford
Escrow Associate: Veronica Rodriguez Title Order No.: 578442
Escrow No.: FS3245 Title Company: Stewart Title Company
Property Address: 46400 Dune Palms Road, La Quinta, CA 92253
Commonly know as "Dune Palms Mobile Estates"
FOUR SEASONS ESCROW, INC. IS LICENSED BY THE STATE OF CALIFORNIA, DEPARTMENT OF BUSINESS
OVERSIGHT LICENSE NO. 9632224.
First Supplement to Settlement Agreement and Escrow Instructions dated June 15, 2020 by and between City of La Quinta, a
California municipal corporation, as Buyer, and Chin Family Properties Limited Partnership, a California limited partnership, as
Seller.
Confirmation of Purchase Terms:
MEMO:
r
CASH DOWN PAYMENT: $ 6,125,000.00
(of which the sum of $618,000.00 has been verified as deposited, into the State
Treasury in connection with the Eminent Domain Action) y�
TOTAL PURCHASE PRICE: $ 6,125,000.00 ,/
onfirmation of Acce tance Date: The undersigned Buyer and Seller hereby confirm the acceptance date of the above
referenced agreement as June 15, 2020.
enin of Escrow: The opening of escrow is July 14, 2020
Close of Escrow: Pursuant to the terms of the above referenced agreement, the close of escrow shall occur upon the date the
Final Order of Condemnation is filed for record in the Official Records of Riverside County, California
Escrow Holder Acknowledgement: Buyer and Seller herein acknowledge that Escrow Holder shall act in accordance with the
,T Settlement Agreement and Escrow Instructions, specifically Articles 1, 2, 3, 4, 5 and 8 Buyer and Seller herein acknowledge
and all parties are in agreement that RECITALS to include Exhibits "A" thru "M' as listed on page iii of Settlement Agreement.
Escrow Holder shall work with the parties to adhere to the timelines and dates as outlined in the Settlement Agreement In the
event of a conflict between terms of any such additional escrow instructions, and the provisions of the Agreement, the Settlement
Agreement shall supersede and be controlling. Due diligence period to expire on October 30, 2020
ee Title. Fee title to the subject property of this escrow is vested in: Chin Family Properties Limited Partnership, a California
limited partnership
— the undersigned Seller(s) amend the Residential Purchase Agreement and Joint Escrow Instructions (and Receipt for Deposit)
to provide for the above referenced vested party(ies)/entity as the Sellers.
Buyer Vesting; City of La Quinta, a California municipal corporation
Buyer's vesting to be handed to Escrow Holder with signed escrow instructions. Said vesting shall be inserted on the grant deed
even though said deed has been prepared, signed' and notarized by and on behalf of the Seller named herein.
The manner in which title is taken may have significant legal and tax consequences. Please contact your attorney or
CPA for questions directly related to vesting options.
Escrow No.: FS3245 Initials
Page- 1 PLEASE INITIAL
Le al Description of Subiect Pro e
f I he legal description will be validated and the property address verified by the Title Company
Said legal description is hereby approved by the undersigned principals
Reports, Inspections, Documents and Warranty Plans: Escrow Holder shall receive the following report(s), inspection(s),
document(s) and warranty plan(s).
• Preliminary Report and Policy(ies) of Title Insurance from: Stewart Title Company
Real Estate Withholding Certificate: Escrow Holder is authorized and instructed to provide the Buyer with a copy of the
Seller's completed and signed California Form 593, at the close of escrow.
General Provisions: The undersigned Buyer(s) and Seller(s) hereby acknowledge receipt of Escrow Holder's General
Provisions and acknowledge that said General Provisions are incorporated into these instructions
Delivery of Documents and Funds: Escrow Holder is instructed to forward all documents and funds to the Buyer(s) and
Seller(s) at the applicable addresses as instructed
All documents and funds requiring delivery after close of escrow shall be forwarded to the addresses set forth on the
"Disbursement of Refund/Proceeds Instruction", or as subsequently instructed by Buyer(s), Seller(s) and their respective agents.
All other terms and conditions remain in FULL force and effect.
Buyer(s) Seller(s)
City of La Quinta, a California municipal corporation Chin Family Properties Limited Partnership, a California
limited partnership
By: Jon McMillen, City Manager
PLEASE SIGN AND RETURN
Escrow No.: FS3245
Page- 2
By: Dune Palms Mobile Estates, LLC, its General
Partner
The Chin Family Survivor's Trust Under Agreement
Dated June 7, 1974, Sole Manager of the General
Partner
By:
By:
Pamela G. Chin, Co -Trustee
Randal R. Chin, Co -Trustee
Initials
PLEASE INITIAL