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2021 Rutan's Ltr to Stewart Title with Grant Deed to Close Escrow William H. Ihrke Direct Dial: (714) 338-1863 E-mail: bihrke@rutan.com May 21, 2021 Rutan & Tucker, LLP | 18575 Jamboree Road , 9 th Floor Irvine , CA 92612 | 714 -641 -5100 | Fax 714 -546-9035 Orange County | Palo Alto | San Francisco | www.rutan.com 698/015610-0149 16509850.1 a05/21/21 VIA ELECTRONIC MAIL Kazmer Bernath Stewart Title of California Commercial /Subdivision Department 11870 Pierce Street, Suite 100 Riverside, CA 92505 kbernath@stewart.com Re: File No. 578442 / Escrow No. FS3245 - City of La Quinta Condemnation Property Dear Kaz: It was a pleasure to discuss with you the above-referenced File/Escrow Number in connection with the acquisition by Final Order in Condemnation of the fee interest in the property commonly known as the Dune Palms Mobile Home Park. Per your request, this l etter memorializes the final requests made by you and Stewart Title (as Title Officer), and my responses thereto on behalf of the City of La Quinta (City) and La Quinta Housing Authority (Housing Authority). I have also included attachments for your refer ence. Do not hesitate to contact me if you have any questions, as I know that the City and Housing Authority would like to expeditiously proceed to closing. With that summary, please refer to the following:  The City and Housing Authority confirm that no appeals or objections have been filed against the Final Order in Condemnation and Withdrawal of Lis Pendens, filed on January 7, 2021 (Final Order), in Riverside County Superior Court Case No. PSC 1503254. Four Seasons Escrow (as Escrow Holder) was sent, and should be in possession of, a Certified Copy of the Final Order which will be ready for recordation upon Closing of Escrow.  The City and Housing Authority confirm that Paragraph 1(f) of the Final Order has a typographical error with the identified APN, which should read: 600-030-010, not 600-0330-010.  The City and Housing Authority confirm that the definition of “Remainder” in Paragraph 1(f) of the Final Order means the fee simple interest of the entire real property at APN 600-030-010, 46-600 Dune Palms Road, La Quinta, CA, as more Kazmer Bernath May 21, 2021 Page 2 698/015610-0149 16509850.1 a05/21/21 particularly described in Exhibit H of the Final Order, excepting therefrom the items in clauses (i)-(iii) of said Paragraph 1(f).  Attached is the form of a Grant Deed with Reservation of Easements, a recordable instrument that will effectuate the conveyance of the “Remainder” (i.e., the entire fee simple interest at APN 600-030-010, 46-600 Dune Palms Road, La Quinta, CA, as more particularly described in Exhibit H of the Final Order, excepting therefrom the items in clauses (i)-(iii) of said Paragraph 1(f)) to the Housing Authority, with a Reservation of Easements retained by the City for the “Roadway Easement Parcel,” ““Bridge Easement Parcel,” and “Bridge TCE Parcel,” as identified, described, and defined in Paragraphs 1(a)-1(e) of the Final Order (collectively, the Easement Areas). The Escrow Holder will be instructed, and by copy of this letter hereby is instructed, to record the Grant Deed with Reservation of Rights and Easements immediately after the recording of the Final Order. Please confirm that this form of the Grant Deed with Reservation or Easements meets with your approval so that it may be executed and notarized and delivered to the Escrow Holder.  Attached are the approvals of the La Quinta Housing Authority Board of Directors for the acquisition of the “Remainder” (i.e., the entire fee simple interest at APN 600-030-010, 46-600 Dune Palms Road, La Quinta, CA, as more particularly described in Exhibit H of the Final Order, excepting therefrom the items in clauses (i)-(iii) of said Paragraph 1(f)); specifically: o Resolution No. HA 2020-001, adopted June 16, 2020, which is the Housing Authority’s approval of the FY 2020-21 Budget and the revenues and expenditures therein; the 2020-21 Budget, Page 19, line item 249-0000- 74010, “land acquisition” authorized the capital expense for the acquisition of the Dune Palms Mobile Home Park [see high-lighted item]; o Minutes from the Tuesday, May 19, 2020, Regular La Quinta City Council Meeting, reporting out of closed session on the City Council’s approval of the Settlement Agreement for the acquisition of the Dune Palms Mobile Home Park, including the all-inclusive purchase price and acquisition “by use of restricted affordable housing funds” [see high-lighted items]. Finally, please confirm, as we discussed, that the final policy for title insurance will insure the “Remainder” (i.e., the entire fee simple interest at APN 600-030-010, 46-600 Dune Palms Road, La Quinta, CA, as more particularly described in Exhibit H of the Final Order, excepting therefrom the items in clauses (i)-(iii) of said Paragraph 1(f)), in the name of the La Quinta Housing Authority, and the interests and easements in the Easement Areas to be retained and reserved by the City will be insured in the name of the City of La Quinta. Please let me know if I Kazmer Bernath May 21, 2021 Page 3 698/015610-0149 16509850.1 a05/21/21 have incorrectly described the proposed coverage for title insurance, and if any endorsements or exceptions (other than standard exceptions, exceptions identified on the latest preliminary title report, and those referenced in the respective legal descriptions for the Remainder and Easement Area) will be identified. Very truly yours, RUTAN & TUCKER, LLP William H. Ihrke WHI:lr Attachments cc: Leeta Slama Four Seasons Escrow Email: Leeta@4seasonsescrow.com Gil Villalpando City of La Quinta Email: Gvillalpando@laquintaca.gov Monika Radeva City of La Quinta Email: mradeva@laquintaca.gov CITY COUNCIL MINUTES Page 1 of 16 MAY 19, 2020 CITY COUNCIL MINUTES TUESDAY, MAY 19, 2020 CALL TO ORDER A regular meeting of the La Quinta City Council was called to order at 3:01 p.m. by Mayor Evans. This meeting was held by teleconference pursuant to Executive orders N-25- 20, N-29-20, N-33-20, and N-35-20, executed by the Governor of California in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions of the Ralph M. Brown Act (Government Code § 54950 et seq.). PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Marketing Manager Graham, Finance Director Romero, Assistant to the City Manager Villalpando, Community Resources Director Escobedo, Design and Development Director Castro, and Riverside County Sherriff’s Department Lieutenant Buompensiero. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Mayor Evans requested to add the following two items under Announcements, Presentations, and Written Communications section of the Agenda: Proclamation declaring May 2020 as Mental Health Month; and Certificate of Appreciation in honor of Coachella Valley Agricultural Week and Farmworker Appreciation. Council concurred. CLOSED SESSION 1. THREAT TO PUBLIC SERVICES OR FACILITIES, PURSUANT TO SUBDIVISION (a) OF GOVERNMENT CODE SECTION 54957. CONSULTATION WITH: ALEXANDER JOHNSTON, SENIOR 21 CONSENT CALENDAR ITEM NO. 2 CITY COUNCIL MINUTES Page 2 of 16 MAY 19, 2020 EMERGENCY MANAGEMENT COORDINATOR; WILLIAM H. IHRKE, CITY ATTORNEY 2. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9. NAME OF CASE: CITY OF LA QUINTA V. CHIN FAMILY PROPERTIES LIMITED PARTNERSHIP, ET AL., RIVERSIDE COUNTY SUPERIOR COURT CASE NO. PSC1803284 3. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CHRIS ESCOBEDO, DIRECTOR OF COMMUNITY RESOURCES, AND EMPLOYEE ORGANIZATION: LA QUINTA CITY EMPLOYEES’ ASSOCIATION, AND UNREPRESENTED EMPLOYEES (VARIOUS POSITIONS IN ALL CITY DEPARTMENTS) COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 3:05 P.M. MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 4:06 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke said the City Council considered the Closed Session items out of Agenda order and reported the following pursuant to Government Code Section 54950 et seq. (Brown Act):  CLOSED SESSION ITEM NO. 3 – the City Negotiator provided the City Council with an update on labor negotiations, and pursuant to Government Code Section 54957.1, subdivision (a)(6), negotiations between the City and the La Quinta City Employee’s Association have concluded, and the proposed Side Letter Agreement resulting from the negotiations is on the Agenda tonight as Business Session Item No. 1 for review and consideration; and  CLOSED SESSION ITEM NO. 1 – the City Council discussed the threat to public services and closure of facilities caused by the threat of the spread of novel coronavirus disease 2019 (COVID-19), and received an update on Round II COVID-19 Small Business Emergency Economic Relief Program (Program), previously authorized by the City Council on May 5, 2020, consisting of the Ad-hoc Committee’s recommendations on the applicants who would be awarded loans under the Program. 22 CITY COUNCIL MINUTES Page 15 of 16 MAY 19, 2020 and other relevant hygiene practices, in order to limit the spread of COVID-19. Motion passed unanimously. MOTION – A motion was made and seconded by Councilmembers Radi/Sanchez to express Council’s support of the “Safer Together. Greater Together.” Tourism Pledge as drafted and developed by the Greater Palm Springs Convention and Visitors Bureau, and to proceed accordingly. Motion passed unanimously.  CLOSED SESSION ITEM NO. 2 – pursuant to Government Code Section 54957.1, subdivision (a)(3), the City Council received and reviewed a copy of a settlement agreement from the defendant, Chin Family Properties Limited Partnership (Defendant), the substance of which involves the settlement of the pending eminent domain case and acquisition of real property for right of way, preservation of housing stock, and other public purposes. The Substance of the settlement agreement is summarized as follows:  The pending roadway right-of-way and bridge project right-of-way properties would be acquired by the City along with the remainder of the real property (land and amenities) owned by the Defendant at 46400 Dune Palms Road, commonly known as the Dune Palms Mobile Home Park; and  Except for the right-of-way portions of the real property, there would be no change in use, no relocation of mobile home park residents, and no other modifications to existing tenants’ leaseholds interests by entering into this agreement; and  Public purposes for acquisition of mobile home park include meeting current and projected Regional Housing Needs Assessment (RHNA) numbers, preserving and promoting affordable housing, and facilitating Senate Bill 330 (2019) compliance; and  All-inclusive purchase price for the real property is $6,125,000 to be acquired by use of restricted affordable housing funds; and  Part of the purchase price would be deposited into the state- administered condemnation fund and would be used to acquire the right-of-way, even if escrow does not close for the mobile home park; and  Acquisition of all real property would be through an independent escrow, with a due diligence period of 180 days, following the opening of escrow, which would allow for environmental inspection and other inspections; and  City has sole discretion to approve the inspections and accept any conditions on title; and 35 CITY COUNCIL MINUTES Page 16 of 16 MAY 19, 2020 Multiple representations and warranties for the City’s benefit are provided by the Defendant concerning the condition of the real property, as the property will be accepted “as-is” except as provided in the agreement; and If the City does not acquire the entire real property for the mobile home park, the agreement allows the eminent domain action to proceed for final roadway and bridge project right-of-way acquisition. MOTION – A motion was made and seconded by Councilmembers Radi/Sanchez to approve and execute the settlement agreement subject to non-substantive corrections for signature blocks for Defendant, and other non-substantive corrections for insertions to exhibits. Motion passed unanimously. If and when the settlement agreement is completely signed and final, upon inquiry of any person, the terms and conditions of the agreement are subject to disclosure and would be available for inspection as a public record. Council encouraged businesses to partake in the CVB’s Tourism Pledge. Council noted that the public comments received from the residents do not fall on deaf ears, and Council is here to serve the community, and do what is in the best interest and safest for the entire community. Council noted Memorial Day is coming up, and the community will honor those we’ve lost over the years that have served our country and have allowed us to live in the freedoms that we are trying to get more of during this pandemic. ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 10:34 p.m. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California 36 RESOLUTION NO. HA 2020 – 001 A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING FISCAL YEAR 2020/21 BUDGET WHEREAS, each year the La Quinta Housing Authority adopts a Budget for Revenues and Expenditures for the upcoming Fiscal Year; and WHEREAS, the Housing Authority desires to make provisions for a level of services commensurate with the needs of the City; and WHEREAS, the Housing Authority has reviewed said budget and has had several public meetings to receive public input; and WHEREAS, the Housing Authority has, after due deliberation and consideration, made such amendments in the proposed budget as it considers desirable; and NOW, THEREFORE, BE IT RESOLVED by the La Quinta Housing Authority to adopt, as follows: SECTION 1. The Fiscal Year 2020/21 Budget, which is on file with the La Quinta Housing Authority Secretary is hereby approved. SECTION 2. Budget adjustment procedures are approved as follows: A. Additional appropriations and the transfer of cash or unappropriated fund balance from one fund to another shall be made only upon Housing Authority approval. B. Transfers of budgeted appropriations between divisions or capital projects shall be made only upon Housing Authority approval. C. Transfers of budgeted appropriations between accounts within a division or capital project may be made with the approval of the Executive Director or his designee. D. Prior year budget continuing Appropriations and Encumbrances for unexpended capital project appropriations remaining from uncompleted prior year capital projects shall be made with Executive Director approval. These carry-over appropriations are for prior year Housing Authority approved capital projects and shall not exceed the approved project budget. 2020212020CITY OF LAQUINTA HOUSING AUTHORITY ADOPTED BUDGET ATTACHMENT 1 11 This page intentionally left blank. 12 Housing Fund Revenues 2019/20 Current Variance Original vs Current 2020/21 Adopted Variance Current vs. Adopted % Change 241 - Housing Authority 1,688,256 1,240,256 513,300 (1,174,956)-70% 243 - RDA Low-Mod Housing 40,000 18,000 35,000 (5,000) -13% 249 - SA 2011 Low/Mod Bond 350,000 80,000 200,000 (150,000) -43% Total Revenues 2,078,256 1,338,256 748,300 (1,329,956) -64% RDA Loan Repayment 635,065 - 647,767 12,702 Total Operating Revenues 2,713,321 1,338,256 1,396,067 (1,317,254) Housing Fund Expenditures 2019/20 Current Variance Original vs Current 2020/21 Adopted Variance Current vs. Adopted % Change 241 - Housing Authority 990,957 381,657 822,300 (168,657) -17% 243 - RDA Low-Mod Housing 351,000 101,000 250,000 (101,000) -29% 249 - SA 2011 Low/Mod Bond 60,000 40,000 6,185,000 6,125,000 10208% Total Expenditures 1,401,957 522,657 7,257,300 5,855,343 418% Budget Surplus/(Deficit) 1,311,364 815,599 (5,861,233) HOUSING AUTHORITY 2020/21 BUDGET SUMMARY FUND FUND NAME ESTIMATED AVAILABLE FUND BALANCE July 1, 2020 ESTIMATED REVENUES ESTIMATED EXPENDITURES ESTIMATED ENDING FUND BALANCE June 30, 2021 241 HOUSING AUTHORITY FUND 10,800,000 513,300 822,300 10,491,000 243* RDA LOW-MOD HOUSING FUND 2,600,000 682,767 250,000 3,032,767 249 SA 2011 LOW/MOD BOND 17,100,000 200,000 6,185,000 11,115,000 30,500,000 1,396,067 7,257,300 24,638,767 CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES FISCAL YEAR ENDING JUNE 30, 2021 GRAND TOTAL General Fund and RDA Low-Mod Housing Fund estimates are for unappropriated reserves and included annual Successor Agency loan repayments as approved with the last and final recognized obligation payment schedule. The repayment for FY 2020/21 is $647,767. 13 2019/20 Current Budget 2020/21 Proposed 1 2020/21 Proposed 2 2020/21 Adopted 241 - HOUSING AUTHORITY 230,000 250,000 200,000 200,000241-9101-41900 Allocated Interest 0 300 300300241-9101-41915 Non-Allocated Interest 58,800 0 00241-9101-43500 Home Sale Proceeds 50,000 25,000 25,000 25,000241-9101-43504 2nd Trust Deed Repayments 1,061,456 0 00241-9101-45000 Sale of Other Assets 288,000 288,000 288,000 288,000241-9103-43502 Rent Revenue/LQRP Total:1,688,256 563,300 513,300 513,300 243 - RDA LOW-MOD HOUSING FUND 40,000 40,000 35,000 35,000243-0000-41900 Allocated Interest Total:40,000 40,000 35,000 35,000 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2 350,000 350,000 200,000 200,000249-0000-41915 Non-Allocated Interest Total:350,000 350,000 200,000 200,000 HOUSING AUTHORITY REVENUE 2,078,256 953,300 748,300 748,300 230,000 250,000 200,000 200,000 0 300 300 300 58,800 0 0 0 50,000 25,000 25,000 25,000 1,061,456 0 0 0 288,000 288,000 288,000 288,000 1,688,256 563,300 513,300 513,300 40,000 40,000 35,000 35,000 40,000 40,000 35,000 35,000 350,000 350,000 200,000 200,000 350,000 350,000 200,000 200,000 2,078,256 953,300 748,300 748,300 CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAILS FY 2020/21 ADOPTED BUDGET 241 Fund Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional repayment of silent second trust deeds are recognized upon receipt. 241 Fund, 241-9101-45000, Sale of Other Assets revenues in FY 2019/20 reflects the purchase and sale agreement between the City of La Quinta and the La Quinta Housing Authority for property at Dune Palms Road for the Dune Palms Retention Basin and XPark projects. 243 Fund the 2020/21 former Redevelopment Agency loan repayment of $647,767 will be recognized in reserves within this Fund. 248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project. 249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining bond funds continue to earn interest and are available for future housing projects. 14 2019/20 Current Budget 2020/21 Proposed 1 2020/21 Proposed 2 2020/21 Adopted 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin Salaries and Benefits 143,595 254,800 246,900 246,900241-9101-50101 Permanent Full Time 3,000 3,000 3,000 3,000241-9101-50110 Commissions & Boards 200 400 400400241-9101-50150 Other Compensation 10,600 17,500 16,800 16,800241-9101-50200 PERS-City Portion 31,800 57,500 57,500 57,500241-9101-50221 Medical Insurance 900 1,500 1,500 1,500241-9101-50225 Long Term Disability 3,400 5,200 5,200 5,700241-9101-50230 Workers Comp Insurance 2,100 3,700 3,600 3,600241-9101-50240 Social Security-Medicare 50 - Salaries and Benefits Totals:195,595 343,600 334,900 335,400 Contract Services 121,000 100,000 100,000 100,000241-9101-60103 Professional Services 5,000 5,000 5,000 5,000241-9101-60106 Auditors 25,000 35,000 35,000 35,000241-9101-60153 Attorney 60 - Contract Services Totals:151,000 140,000 140,000 140,000 Maintenance & Operations 3,000 500 500500241-9101-60320 Travel & Training 1,500 2,000 2,000 2,000241-9101-60420 Operating Supplies 62 - Maintenance & Operations Totals:4,500 2,500 2,500 2,500 Insurance 6,000 8,000 8,000 8,000241-9101-91843 Property & Crime Insurance 63 - Insurance Totals:6,000 8,000 8,000 8,000 Other Expenses 0 0 20,000 20,000241-9101-60480 Contributions 64 - Other Expenses Totals:0 0 20,000 20,000 Internal Service Charges 14,000 14,000 14,000 14,000241-9101-91844 Earthquake Insurance 24,800 46,700 46,700 52,400241-9101-98110 Information Tech Charges 69 - Internal Service Charges Totals:38,800 60,700 60,700 66,400 Transfers Out 278,062 0 00241-9101-99900 Transfers Out 99 - Transfers Out Totals:278,062 0 0 0 9101 - Housing Authority - Admin Totals:673,957 554,800 566,100 572,300 9103 - Housing Authority - LQRP Maintenance & Operations 317,000 250,000 250,000 250,000241-9103-60157 Rental Expenses 62 - Maintenance & Operations Totals:317,000 250,000 250,000 250,000 9103 - Housing Authority - LQRP Totals:317,000 250,000 250,000 250,000 241 - HOUSING AUTHORITY Totals:990,957 804,800 816,100 822,300 143,595 254,800 246,900 246,900 3,000 3,000 3,000 3,000 200 400 400 400 10,600 17,500 16,800 16,800 31,800 57,500 57,500 57,500 900 1,500 1,500 1,500 3,400 5,200 5,200 5,700 2,100 3,700 3,600 3,600 195,595 343,600 334,900 335,400 121,000 100,000 100,000 100,000 5,000 5,000 5,000 5,000 25,000 35,000 35,000 35,000 151,000 140,000 140,000 140,000 3,000 500 500 500 1,500 2,000 2,000 2,000 4,500 2,500 2,500 2,500 6,000 8,000 8,000 8,000 6,000 8,000 8,000 8,000 0 0 20,000 20,000 0 0 20,000 20,000 14,000 14,000 14,000 14,000 24,800 46,700 46,700 52,400 38,800 60,700 60,700 66,400 278,062 0 0 0 278,062 0 0 0 673,957 554,800 566,100 572,300 317,000 250,000 250,000 250,000 317,000 250,000 250,000 250,000 317,000 250,000 250,000 250,000 990,957 804,800 816,100 822,300 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET 15 Fund: 241 - HOUSING AUTHORITY Permanent Full Time 246,900.00241-9101-50101 20% - City Manager (80% City Manager) 10% - Finance Director (90% Finance) 10% - City Clerk (90% City Clerk) 40% - Assistant to City Manager (60% City Manager) 60% - Management Analyst (40% Information Technology Fund) 60% - Management Specialist (40% City Manager) 80% - Management Assistant (20% City Manager) In 2020/21, staff has been reallocated to meet business demands. City Council Member Stipends (5) Professional Services 100,000.00241-9101-60103 Expense increase in 2019/20 due to recent request for proposal responses. Operating Supplies 2,000.00241-9101-60420 Tenant communication Rental Expenses 250,000.00241-9103-60157 Expenses are associated with 28 homes owned by the Authority which are located in the La Quinta Cove. CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES FY 2020/21 ADOPTED BUDGET 16 2019/20 Current Budget 2020/21 Proposed 1 2020/21 Proposed 2 2020/21 Adopted 243 - RDA LOW-MOD HOUSING FUND 0000 - Undesignated Other Expenses 351,000 250,000 250,000 250,000243-0000-60532 Homelessness Assistance 64 - Other Expenses Totals:351,000 250,000 250,000 250,000 0000 - Undesignated Totals:351,000 250,000 250,000 250,000 243 - RDA LOW-MOD HOUSING FUND Totals:351,000 250,000 250,000 250,000 351,000 250,000 250,000 250,000 351,000 250,000 250,000 250,000 351,000 250,000 250,000 250,000 351,000 250,000 250,000 250,000 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET 17 2019/20 Current Budget 2020/21 Proposed 1 2020/21 Proposed 2 2020/21 Adopted 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 201 9102 - Housing Authority - Wash St Apts Contract Services 145,000 0 00248-9102-60103 Professional Services 245,500 0 00248-9102-60159 Relocation Benefits 60 - Contract Services Totals:390,500 0 0 0 9102 - Housing Authority - Wash St Apts Totals:390,500 0 0 0 2004 LO/MOD BOND FUND (Refinanced in 2014) Totals:390,500 0 0 0 145,000 0 0 0 245,500 0 0 0 390,500 0 0 0 390,500 0 0 0 390,500 0 0 0 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET 248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project. 18 2019/20 Current Budget 2020/21 Proposed 1 2020/21 Proposed 2 2020/21 Adopted 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 20 0000 - Undesignated Capital Expenses 0 0 0 6,125,000249-0000-74010 Land Acquisition 60,000 60,000 60,000 60,000249-0000-80050 Affordable Housing Project Develop 68 - Capital Expenses Totals:60,000 60,000 60,000 6,185,000 0000 - Undesignated Totals:60,000 60,000 60,000 6,185,000 11 LOW/MOD BOND FUND (Refinanced in 2016) Totals:60,000 60,000 60,000 6,185,000 0 0 0 6,125,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 6,185,000 60,000 60,000 60,000 6,185,000 60,000 60,000 60,000 6,185,000 CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET 249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining funds are available for future housing projects. FY 2020/21 land acquisition is for negotiated real property located on Dune Palms Road. 19 698/015610-0149 16519817.1 a05/21/21 -1- RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: La Quinta Housing Authority c/o City of La Quinta City Hall 78495 Calle Tampico La Quinta, California 92253 Attention: Authority Secretary SPACE ABOVE THIS LINE FOR RECORDER’S USE (EXEMPT FROM RECORDERS FEE PURSUANT TO GOVERNMENT CODE SECTIONS 27383 AND 6103) GRAND DEED WITH RESERVATION OF EASEMENTS FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the CITY OF LA QUINTA, a California municipal corporation and charter city (the “Grantor”), does hereby grant to the LA QUINTA HOUSING AUTHORITY, a public body, corporate and politic (the “Grantee”), all of Grantor’s right, title, and interest in the fee interest in that certain real property located in the City of La Quinta, County of Riverside, State of California, commonly known as APN 600-030-010, 46-600 Dune Palms Road, La Quinta, California, and more particularly described in the legal description attached hereto as Exhibit A and incorporated herein by this reference (collectively, the “Property”), subject to Grantor reserving right, title, and interest in the following: 1. A permanent easement for street and public utility purposes over some 2,610 square feet of the Property, more specifically described in Exhibit B attached hereto and incorporated by this reference and depicted in the map attached hereto as Exhibit C and incorporated by this reference (the “Roadway Easement Parcel”); and 2. A permanent easement for street and public utility purposes over some 3,040 square feet of the Property, more specifically described in Exhibit D attached hereto and incorporated by this reference and depicted in the map attached hereto as Exhibit E and incorporated by this reference (the “Bridge Easement Parcel”); and 3. A temporary construction easement over some 13,508 square feet of the Property, more specifically described in Exhibit F attached hereto and incorporated. by this reference and depicted in the map attached hereto as Exhibit G and incorporated by this reference (the “Bridge TCE Parcel”). [Signatures on next page] 698/015610-0149 16519817.1 a05/21/21 -2- IN WITNESS THEREOF, Grantor and Grantee hereby execute this Grant Deed With Reservation Of Easements: “Grantor” CITY OF LA QUINTA, a California municipal corporation and charter city By: __________________________________ Jon McMillen, City Manager ATTEST: _________________________ Monika Radeva City Clerk APPROVED AS TO FORM: RUTAN & TUCKER, LLP _________________________ William H. Ihrke City Attorney “Grantee” LA QUINTA HOUSING AUTHORITY, a public body, corporate and politic By: __________________________________ Jon McMillen, Executive Director ATTEST: __________________________ Monika Radeva Housing Authority Secretary APPROVED AS TO FORM: RUTAN & TUCKER, LLP __________________________ William H. Ihrke Housing Authority Counsel 698/015610-0149 16519817.1 a05/21/21 -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 that document. State of California ) County of Riverside ) On _________________________, before me, , (insert name and title of the officer) 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. Signature (Seal) 698/015610-0149 16519817.1 a05/21/21 -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 _________________________, before me, , (insert name and title of the officer) 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. Signature (Seal) 698/015610-0149 16519817.1 a05/21/21 -5- GRANTEE’S ACCEPTANCE This is to certify that the interest in real property conveyed by the GRANT DEED WITH RESERVATION OF EASEMENTS, dated _______________, 2021 from THE CITY OF LA QUINTA, a California municipal corporation and charter city (the “Grantor”), to the LA QUINTA HOUSING AUTHORITY, a public body, corporate and politic (“Authority”), is hereby accepted by the undersigned officer or agent on behalf of the Authority, pursuant to authority conferred by Resolution No. HA 2012-003, adopted by the Governing Board of the Authority on April 17, 2012, and Authority consents to recordation thereof by its duly authorized officer. Dated: ____________________ By:_________________________________ Jon McMillen, Executive Director La Quinta Housing Authority 698/015610-0149 16519817.1 a05/21/21 -6- EXHIBIT A LEGAL DESCRIPTION OF PROPERTY [attached] 698/015610-0149 16519817.1 a05/21/21 -7- 698/015610-0149 16519817.1 a05/21/21 -8- 698/015610-0149 16519817.1 a05/21/21 -9- EXHIBIT B LEGAL DESCRIPTION OF THE ROADWAY EASEMENT PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -10- 698/015610-0149 16519817.1 a05/21/21 -11- EXHIBIT C DEPICTION OF THE ROADWAY EASEMENT PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -12- 698/015610-0149 16519817.1 a05/21/21 -13- EXHIBIT D LEGAL DESCRIPTION OF THE BRIDGE EASEMENT PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -14- 698/015610-0149 16519817.1 a05/21/21 -15- EXHIBIT E DEPICTION OF THE BRIDGE EASEMENT PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -16- 698/015610-0149 16519817.1 a05/21/21 -17- EXHIBIT F LEGAL DESCRIPTION OF THE BRIDGE TCE PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -18- 698/015610-0149 16519817.1 a05/21/21 -19- 698/015610-0149 16519817.1 a05/21/21 -20- EXHIBIT G DEPICTION OF THE BRIDGE TCE PARCEL [attached] 698/015610-0149 16519817.1 a05/21/21 -21-