2021 WPG LQ, LLC - Partial Assignment & Assumption Agrmt from RREFF II-CWC LaQ, LLC (2)RECORDING REQUESTED BY:
First American Title Company, Homebuilder
Subdivision Services
WHEN RECORDED MAIL DOCUMENT TO:
City of La Quinta
78-495 Calle Tampico
La Quinta, CA 92253
City Clerk
DOC # 2021-0398258
06/30/2021 05:00 PM Fees: $67.00
Page 1 of 14
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: NORMA #248
Space Abova This Line for Recorder's Use Only
File No.: DTR-6380416 (SK)
Partial Assignment and Assumption Agreement
Title of Document
Exemption reason declared pursuant to Government Code 27388.1
❑ This Document is a transfer that is subject to the imposition of documentary transfer tax.
X This is a document recorded in connection with a transfer that is subject to the imposition of document
transfer tax.
Document reference: Grant Deed recording concurrently herewith
❑ 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 EXEMPTION INFORMATION FOR THE BUILDING HOMES AND JOBS ACT FEE
(SB-2; AFFORDABLE HOUSING FEE) ($3.00 Additional recording fee applies)
RECORDING REQUESTED BY:
First American Title Company, Homebuilder
Subdivision Services
WHEN RECORDED MAIL DOCUMENT TO:
City of La Quinta
78-495 Calle Tampico
La Quinta, CA 92253
City Clerk
Space Above This Line for Recorder's Use Only
A.P.N.: 775-420-041 and 775-400-062 and
775-410-033
Property Address: Vacant Land, La Quinta, CA
Partial Assignment and Assumption Agreement
Title of Document
TRA:0 _O?�
DTT: n
Exemption reason declared pursuant to Government Code 27388.1
File No.: DTR-6380416 (SK)
❑ 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 document
transfer tax.
Document reference: Grant Deed recording concurrently herewith
❑ 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 EXEMPTION INFORMATION FOR THE BUILDING HOMES AND JOBS ACT FEE
(SB-2; AFFORDABLE HOUSING FEE) ($3.00 Additional recording fee applies)
Recording Requested By:
First American Title Company
Homebuilder Services Division
RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
City of La Quinta
78-495 Calle Tampico
La Quinta, CA 92253
Attn: City Clerk
SPACE ABOVE THIS LINE FOR RECORDER'S USE
(Exempt from Recording Fee per Gov't Code §27383
PARTIAL ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS PARTIAL ASSIGNMENT AND ASSUMPTION AGREEMENT ("Assignment")
is dated as of UyjQ,3_0_, 2021, (the "Effective Date"), by and between RREF 11-CWC LaQ,
LLC, a California limited liability company ("Assignor"), and WPG LA QUINTA VILLAS, LLC
, a California limited liability company ("Assignee"), with reference to the following:
RECITALS
A. Assignor is the current master developer of 42 acres of real property located in the
City of La Quinta, County of Riverside, State of California (the "Site"), which is legally described
in Exhibit "A" attached hereto.
B. Capitalized terms not defined herein shall have the same meaning as set forth in the
Development Agreement.
C. Assignor's predecessor in interest Crown Pointe Partners, LLC, an Oregon limited
liability company, as "Developer", and the City of La Quinta, a California municipal corporation
("City"), have entered into that certain Development Agreement dated August 18, 2008 and
recorded September 18, 2008 as Document No. 2008-0509913 of Official Records, County of
Riverside, California (as amended, the "Development Agreement"), for purposes of, among other
things (i) setting forth a per -unit upfront payment schedule for the Developer's payment to the City
of certain amounts that the parties agree are designed to compensate the City for (A) the potential
loss of anticipated general fund revenues as a result of the use of the Site for a residential resort
use rather than as traditional tourist commercial use, such as a "hotel" as that term is defined in
Section 9.2.80.030 of the La Quinta Municipal Code ("Hotel"); (B) the uncompensated costs of
potential additional public services that the Development Plan will generate, which costs would
have been recovered if the Site were to be developed for a tradition tourist commercial use, such
as a Hotel; and (C) the potential added wear and tear on the municipal infrastructure which will
result from the Development Plan, the costs of which would have been compensated if the Site
were to be developed for a traditional tourist commercial use, such as a Hotel; (ii) requiring the
recordation against the Site of a City Declaration of CC&Rs that sets forth certain requirements of
the owners of the Units in the Project to pay to the City a transfer payment upon the transfer of
their Unit for purposes of compensating the City for loss of "Transient Occupancy Tax" (as that
term is defined in Chapter 3.24 of the La Quinta Municipal Code; (iii) requiring the recordation
against the Site of a Declaration of CC&Rs that (a) provides for establishment of a homeowners
association for the Project (the "Association"); (b) is necessary to create a residential subdivision
of 130 single family homes and 100 condominiums, as described and as shown on the final
subdivision map for Tract 36537 and Condominium Plan to be recorded in accordance with all
applicable laws; and (c) discloses to the owners of the Units the requirement set forth in Section
1.3 of the City Declaration of CC&Rs that the Owners pay to the City a transfer payment upon the
sale, transfer or conveyance of their Unit; and (iv) granting Developer a vested right to develop
the Site according to the Development Plan, all as more particularly described in the Development
Agreement.
D. Concurrently with the Effective Date, Assignor shall have conveyed to Assignee
that portion of the Site comprised of eight -six (86) condominium units, as described on Exhibit
"B" attached hereto (the "Woodbridge Property").
E. In accordance with Section 7.1 of the Development Agreement, Assignor desires
to transfer all of its right, title, interest, and obligation to the extent related to the Woodbridge
Property under and pursuant to the Development Agreement (the "Assigned Rights and
Obligations") to Assignee, and Assignee desires to assume all of Assignor's Assigned Rights and
Obligations, all as more particularly set forth below.
NOW, THEREFORE, in consideration of the foregoing recitals and for other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:
1. Assignment. From and after the Effective Date, Assignor hereby assigns, conveys,
transfers and delivers to Assignee all of Assignor's Assigned Rights and Obligations, and Assignee
hereby accepts such assignment and agrees to assume performance of all terms, covenants and
conditions to the extent related to the Woodbridge Property occurring or arising under the
Development Agreement from and after the Effective Date.
2. Assumption of Obligations. By acceptance of this Assignment, Assignee hereby
agrees to assume all of Assignor's Assigned Rights and Obligations, and Assignee agrees to timely
discharge, perform or cause to be performed and to be bound by all of the liabilities, duties, and
obligations to the extent related to the Woodbridge Property, imposed in connection with the
Development Agreement, from and after the Effective Date to the same extents as if Assignee had
been the original party thereto. Assignee hereby assumes all of Assignor's duties and obligations
as Builder under and pursuant to the Development Agreement to the extent related to the
Woodbridge Property from and after the Effective Date and hereby agrees to be bound by all of
the terms thereof to the extent related to the Woodbridge Property from and after the Effective
Date.
2
3. Successors and Assigns. This Assignment shall be binding upon and shall inure to
the benefit of the successor and assigns of the respective parties hereto.
4. Governing Law. This Assignment shall be governed by and construed in
accordance with the laws of the State of California.
5. Further Assurances. The parties covenant and agree that they will execute such
other and further instruments and documents as are or may become necessary or convenient to
effectuate and carry out this Assignment.
6. Authority of Signatories to Bind Principals. The persons executing this
Assignment on behalf of their respective principals represent that (i) they have been authorized to
do so and that they thereby bind the principals to the terms and conditions of this Assignment and
(ii) their respective principals are property and duly organized and existing under the law of, and
permitted to do business in, the State of California.
7. Interpretation. The paragraph headings of this Assignment are for reference and
convenience only and are part of this Assignment. They have no effect upon the construction or
interpretation of any pert hereof. The provisions of this Assignment shall be construed in a
reasonable manner to effect the purpose of the parties and of this Assignment.
8. Countarts. This Assignment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed to be an original and all such
counterparts taken together shall constitute but one and the same instrument.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of
the date first set forth above.
"ASSIGNOR":
RREF II-CWC LaQ, LLC,
a California limited liability company
By: RREF II-CWC JV, LLC, a
Delaware limited liability company,
By: Rialto Real Estate Fund II, LP,
a Delaware limited partnership,
its sole member
By: Rialto Partners GP II; LLC,
a Delaware limited liability
company,
its general partner
By'Di'QaA Jvl
Senior:
Title:
"ASSIGNEE":
WPG LA QUINTA VILLAS, LLC,
a California limited liability company
By: WPG La Quinta Villas JV, LLC,
a Delaware limited liability company,
Its Manager
By: Woodbridge Pacific Group,
LLC, a California limited
liability company
Its Manager
Loan
Andrew rphy,
Chief I s ent
Officer
M
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 e.
On U��� , 2021, before m�,
Notary Public, personally appeared r I
who proved to me on the basis of satisfactory evi ence to b 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.
MICHELEMAGERLYMG ota Public
Cmm ium # 2241153f c Wary Pu- cw mie
Craw cwnty
My Comm. Exom 51AY 4, 2 222
0
IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of
the date first set forth above.
"ASSIGNOR":
RREF II-CWC LaQ, LLC,
a California limited liability company
By: RREF II-CWC JV, LLC, a
Delaware limited liability company,
By: Rialto Real Estate Fund II, LP,
a Delaware limited partnership,
its sole member
By: Rialto Partners GP II, LLC,
a Delaware limited liability
company,
its genera l -p#rtn er
B � --
"ASSIGNEE":
WPG LA QUINTA VILLAS, LLC,
a California limited liability company
By: WPG La Quinta Villas JV, LLC,
a Delaware limited liability company,
Its Manager
By: Woodbridge Pacific Group,
LLC, a California limited
liability company
Its Manager
y. -
Senior Of er:
Title: l
CWI,¢1 Chii,4 fJpuai, r bW ar
ll
By: r7i�y�� �+1 �O w
Anrew Murphy,
Chief Investment
Officer
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 FJ(]fl (',� )
I� ,, ss.
COUNTY OF r� a4m -
On jL44V . 2-5 2021, before me,,, � �/1I i� • Vfrt
Notary Public, personally appeared ' �
who proved to me on the basis of—satLdActory 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.
'q'rr MYCVVEMY OMMISSION#HRITY
H123682 y
Notar Public
EXPIRES: April 28, 2025
�+!L. Bonded Thru Notary Public Underwriters
EXHIBIT "A"
LEGAL DESCRIPTION OF THE SITE
REAL PROPERTY IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
DESCRIBED AS FOLLOWS:
PARCEL A:
LOTS 1 THROUGH 97 INCLUSIVE AND LOTS, A THROUGH Y INCLUSIVE OF TRACT NO. 36537-1, AS
SHOWN BY MAP ON FILE IN BOOK 442, AT PAGES 55 THROUGH 63, INCLUSIVE OF MAPS, RECORDS
OF RIVERSIDE COUNTY, CALIFORNIA.
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND
ALL PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE
PERPETUAL RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING
IN AND REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO
WHIPSTOCK OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL
OR GAS WELLS, TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE
PROPERTY AND TO BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS
AND SHAFTS UNDER AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO
REDRILL, RETUNNEL, EQUIP, MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR
MINES WITHOUT, HOWEVER, THE RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE
THROUGH THE SURFACE OR THE UPPER FIVE HUNDRED (500) FEET OF THE SUBSURFACE OF THE
PROPERTY IN FAVOR OF KSL LAND HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY
AS PER GRANT DEED RECORDED OCTOBER 22, 2004 AS INSTRUMENT NO.2004-0836421 OF OFFICIAL
RECORDS.
PARCEL B:
THAT PORTION OF SAID TRACT NO. 36537-1, AS SHOWN BY MAP ON FILE IN BOOK 442, AT PAGES 55
THROUGH 63, INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, SHOWN AS
REMAINDER. AND DESCRIBED AS FOLLOWS:
THAT PORTION OF PARCEL 2 AS SHOWN ON LOT LINE ADJUSTMENT NO. 2004-411, AS EVIDENCED
BY DOCUMENT RECORDED OCTOBER 8, 2004 AS INSTRUMENT NO. 2004-0803272 OF OFFICIAL
RECORDS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
THAT PORTION OF LOT 1 OF TRACT NO. 29421 AS SHOWN BY MAP ON FILE IN BOOK 297, AT PAGES
54 THROUGH 57, INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; TOGETHER
WITH THAT PORTION OF PARCEL 7 OF PARCEL MAP NO.20426, AS SHOWN BY MAP ON FILE IN BOOK
129, AT PAGES 49 THROUGH 55, INCLUSIVE OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY,
CALIFORNIA; AS ADJUSTED BY LOT LINE ADJUSTMENT NO. 97-244, RECORDED JUNE 5, 1997 AS
INSTRUMENT NO. 199050 AND 199051, BOTH OF OFFICIAL RECORDS OF RIVERSIDE COUNTY,
CALIFORNIA, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWESTERLY CORNER OF SAID LOT 1; THENCE EASTERLY ALONG THE
NORTHERLY LINE OF SAID LOT 1, NORTH 89'30' 11" EAST, 272.69 FEET TO THE EASTERLY TERMINUS
OF SAID NORTHERLY LINE OF LOT 1; THENCE LEAVING SAID NORTHERLY LINE OF LOT 1, SOUTH
40-40'11" EAST, 192.39 FEET; THENCE SOUTH 36°16'42" EAST, 201.26 FEET; THENCE SOUTH 53'20'16"
EAST, 232.15 FEET; THENCE NORTH 87°56'22" EAST, 193.32 FEET; THENCE NORTH 85°54'55" EAST,
305.51 FEET; THENCE SOUTH 76°33'32" EAST, 155.87 FEET; THENCE SOUTH 45°08'33" EAST, 221.84
FEET; THENCE SOUTH 51°13'44" EAST, 112.98 FEET; THENCE SOUTH 54°28'39" EAST, 110.02 FEET;
THENCE SOUTH 44042'29" EAST, 102.05 FEET; THENCE SOUTH 01°38'20" WEST, 37.58 FEET; THENCE
SOUTH 45000'00" WEST, 209.79 FEET; THENCE SOUTH 04°59'49" WEST, 201.91 FEET; THENCE SOUTH
39°23'09" EAST, 81.63 FEET TO A POINT ON A SOUTHEASTERLY LINE OF SAID LOT 1, SAID POINT
BEING ON A CURVE CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 81.00 FEET, A RADIAL LINE
THROUGH SAID POINT BEARS SOUTH 26032'46" EAST; THENCE SOUTHWESTERLY ALONG SAID
SOUTHEASTERLY LINE OF LOT 1 AND SAID CURVE THROUGH A CENTRAL ANGLE OF 57°08'46", AN
ARC DISTANCE OF 80.79 FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE CONCAVE
NORTHWESTERLY, HAVING A RADIUS OF 63.00 FEET, A RADIAL LINE THROUGH SAID POINT OF
TANGENT REVERSE CURVE BEARS NORTH 83041'32" WEST; THENCE SOUTHWESTERLY ALONG SAID
TANGENT REVERSE CURVE THROUGH A CENTRAL ANGLE OF 43°45'42", AN ARC DISTANCE OF 48.12
FEET; THENCE SOUTHWESTERLY ALONG SAID SOUTHEASTERLY LINE OF LOT 1, SOUTH 50°04' 10"
WEST, 304.18 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHWESTERLY,
HAVING A RADIUS OF 502.00 FEET; THENCE WESTERLY ALONG SAID CURVE THROUGH A CENTRAL
ANGLE OF 30°13'14", AN ARC DISTANCE OF 264.78 FEET TO THE BEGINNING OF A TANGENT
COMPOUND CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF 1445.00 FEET, A RADIAL LINE
THROUGH SAID POINT OF TANGENT COMPOUND CURVE BEARS SOUTH 09042'36" EAST; THENCE
WESTERLY ALONG SAID TANGENT COMPOUND CURVE THROUGH A CENTRAL ANGLE OF 19°56'47",
AN ARC DISTANCE OF 503.05 FEET; THENCE NORTHERLY LEAVING SAID CURVE, NORTH 10°14'10"
EAST, 5.00 FEET TO THE BEGINNING OF A CURVE CONCAVE TO THE NORTH, HAVING A RADIUS OF
1440.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS SOUTH 10014'10" WEST; THENCE
WESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 06°26'37", AN ARC DISTANCE OF
161.95 FEET TO THE BEGINNING OF A TANGENT COMPOUND CURVE CONCAVE NORTHEASTERLY,
HAVING A RADIUS OF 285.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS SOUTH 16°40'48"
WEST, THE PRECEDING 4 COURSES BEING ON THE SOUTHERLY LINE OF SAID LOT 1; THENCE
WESTERLY AND NORTHERLY ALONG SAID TANGENT COMPOUND CURVE THROUGH A CENTRAL
ANGLE OF 73° 19'01 ", AN ARC DISTANCE OF 364.69 FEET; THENCE NORTH 00°00' 1 V WEST, 478.78 FEET
TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF
385.00 FEET; THENCE NORTHERLY ALONG SAID TANGENT CURVE THROUGH A CENTRAL ANGLE OF
49014'43", AN ARC DISTANCE OF 330.90 FEET; THENCE LEAVING SAID TANGENT CURVE NORTH
40045'07" EAST, 5.00 FEET TO THE BEGINNING OF A CURVE CONCAVE NORTHEASTERLY, HAVING A
RADIUS OF 260.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS SOUTH 40°45'07" WEST;
THENCE NORTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 45028'01", AN ARC
DISTANCE OF 206.32 FEET; THENCE NORTH 03°46'53" WEST, 404.79 FEET TO THE POINT OF
BEGINNING, THE PRECEDING 6 COURSES BEING ON THE WESTERLY LINE OF SAID LOT 1.
EXCEPTING THEREFROM LOTS 1 THROUGH 97 INCLUSIVE, A THROUGH Y INCLUSIVE OF TRACT NO.
36537-1, AS SHOWN BY MAP ON FILE IN BOOK 442, AT PAGES 55 THROUGH 63, INCLUSIVE OF MAPS,
RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. ALSO EXCEPTING THEREFROM ALL OIL,
MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY WHATSOEVER NAME KNOWN,
GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL PRODUCTS DERIVED
FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE PROPERTY, AND ALL
RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL RIGHT OF
DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND REMOVING THE
SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK OR
DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS
UNDER AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL,
EQUIP, MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT,
HOWEVER, THE RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE
OR THE UPPER FIVE HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF
KSL LAND HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED
RECORDED OCTOBER 22, 2004 AS INSTRUMENT NO.2004-0836421 OF OFFICIAL RECORDS.
PARCEL C:
LOT K OF TRACT MAP NO.29421, AS SHOWN BY MAP ON FILE IN BOOK 297 PAGE(S) 54 THROUGH 57,
INCLUSIVE, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. EXCEPTING THEREFROM
2
ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY WHATSOEVER NAME
KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL PRODUCTS
DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE PROPERTY, AND
ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL RIGHT OF
DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND REMOVING THE
SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK OR
DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS
UNDER AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL,
EQUIP, MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT,
HOWEVER, THE RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE
OR THE UPPER FIVE HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF
KSL LAND HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED
RECORDED OCTOBER 22, 2004 AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL D:
NONEXCLUSIVE EASEMENTS FOR PEDESTRIAN AND VEHICULAR (INCLUDING CONSTRUCTION
VEHICLES) INGRESS AND EGRESS, OVER AND ACROSS THE REAL PROPERTY DESCRIBED IN EXHIBIT
"B" IN GRANT DEED RECORDED OCTOBER 22, 2004 AS INSTRUMENT NO. 04-836421 OF OFFICIAL
RECORDS, MORE PARTICULARLY DESCRIBED AS:
PARCEL A OF PARCEL MAP NO.20426, AS SHOWN BY MAP ON FILE IN BOOK 129, PAGES 49 THROUGH
55, INCLUSIVE, OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. EXCEPTING
THEREFROM ANY PORTION LYING WITHIN PARCEL MAP NO. 24995, AS SHOWN BY MAP ON FILE IN
BOOK 165, PAGES 49 THROUGH 55, INCLUSIVE OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY,
CALIFORNIA.
PARCEL E:
NONEXCLUSIVE EASEMENTS FOR DRAINAGE AND ACCESS OVER AND ACROSS THE REAL
PROPERTY DESCRIBED IN EXHIBIT "A" IN DOCUMENT RECORDED JANUARY 28, 2013 AS
INSTRUMENT NO. 13-0043714 OF OFFICIAL RECORDS, MORE PARTICULARLY DESCRIBED AS: THAT
PORTION OF PARCEL 1 OF LOT LINE ADJUSTMENT NO. 95-208, AS APPROVED BY THE CITY OF LA
QUINTA ON NOVEMBER 14, 1996 AND AS SHOWN BY GRANT DEED RECORDED NOVEMBER 15, 1996,
AS DOCUMENT NO. 96-438730, OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA,
DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF SAID PARCEL 1, SAID POINT BEING A POINT ON A
CURVE, CONCAVE NORTHEASTERLY HAVING A RADIUS OF 1714.00 FEET, A RADIAL LINE THROUGH
SAID POINT BEARS SOUTH 8°57'35" WEST; THENCE SOUTH-EASTERLY ALONG THE NORTHERLY
LINE OF SAID PARCEL 1 AND ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 2014'33", AN
ARC LENGTH OF 67.09 FEET, TO THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG
SAID NORTHERLY LINE, AND SAID CURVE, THROUGH A CENTRAL ANGLE OF 0°40'07", AN ARC
LENGTH OF 20.00 FEET; THENCE LEAVING SAID NORTHERLY LINE, SOUTH 5°33'41" WEST, 84.15 FEET;
THENCE NORTH 84026' 19" WEST, 20.00 FEET; THENCE NORTH 5°33'41" EAST, 84.44 FEET, TO THE
POINT OF BEGINNING.
APN: 775-370-003-0 and 775-220-021-2
File Number: DTR-6380416
Exhibit "B"
Legal Description
Real property in the City of La Quinta, County of Riverside, State of California, described as follows:
PARCEL A: (APN'S: 775-400-075 and 775-400-076)
LOT 94 OF TRACT NO. 36537-1, CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
AS PER MAP FILED IN BOOK 442, PAGES 55 THROUGH 63 OF MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM UNITS 92 THROUGH 95, "CONDOMINIUM COMMON AREA" AND
"ASSOCIATION PROPERTY" AS SHOWN ON THAT CERTAIN CONDOMINIUM PLAN — SIGNATURE AT PGA
WEST VILLAS PHASE 2 RECORDED APRIL 25, 2018 AS INSTRUMENT NO. 2018- 0159155 OF OFFICIAL
RECORDS, SAID CONDOMINIUM PLAN ENCUMBERS A PORTION OF LOT 94 (THE CONDOMINIUM UNITS
ARE UNITS 92 THROUGH 95, INCLUSIVE).
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL
PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL
RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND
REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK
OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER
AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP,
MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT, HOWEVER, THE
RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER FIVE
HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF KSL LAND HOLDINGS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED RECORDED OCTOBER 22, 2004
AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL B: (APN'S: 775-400-074 (Portion of Lot 95) and 775-410-043 (Portion of Lot 96))
LOTS 95 AND 96 OF TRACT NO. 36537-1, CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, AS PER MAP FILED IN BOOK 442, PAGES 55 THROUGH 63 OF MAPS, IN THE OFFICE OF
THE COUNTY RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM UNITS 48 THROUGH 57, "CONDOMINIUM COMMON AREA" AND
"ASSOCIATION PROPERTY" AS SHOWN ON THAT CERTAIN CONDOMINIUM PLAN — SIGNATURE AT PGA
WEST VILLAS PHASE 1 RECORDED SEPTEMBER 9, 2015 AS INSTRUMENT NO. 2015- 0402600 OF
OFFICIAL RECORDS, SAID CONDOMINIUM PLAN ENCUMBERS A PORTION OF LOTS 95 AND 96 (THE
CONDOMINIUM UNITS ARE UNITS 48 THROUGH 57, INCLUSIVE).
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL
PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATE❑ WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL
RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND
REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK
OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER
AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP,
MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT, HOWEVER, THE
RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER FIVE
HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF KSL LAND HOLDINGS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED RECORDED OCTOBER 22, 2004
AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL C: (APN: 775-420-041)
LOT 39 OF TRACT NO. 36537-2, CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
AS PER MAP FILED IN BOOK 443, PAGES 38 THROUGH 43 OF MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL
PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL
RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND
REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK
OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER
AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP,
MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT, HOWEVER, THE
RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER FIVE
HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF KSL LAND HOLDINGS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED RECORDED OCTOBER 22, 2004
AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL D: (APN'S: Portion of 775-400-073 (Lots B, D, E and I), Portion of 775-410-038 (Lots F, G and
H), 775-420-002 (Lot R), 775-400-069 (Lot S), 775-410-036 (Lot U), 775-400-070 (Lot V), 775-400-071
(Lot W) and 775-400-072 (Lot Y))
LOTS B, D THROUGH I INCLUSIVE, R, S, U THROUGH W INCLUSIVE AND Y OF TRACT NO. 36537-1,
CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP FILED IN BOOK 443,
PAGES 38 THROUGH 43 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL
PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL
RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND
REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK
OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER
AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP,
MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT, HOWEVER, THE
RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER FIVE
HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF KSL LAND HOLDINGS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED RECORDED OCTOBER 22, 2004
AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL E: (APN'S: 775-420-046 (Lots A and B), 775-420-042 (Lot C), 775-420-043 (Lot D) and 775-420-
044 (Lot E))
LOTS A THROUGH E INCLUSIVE OF TRACT NO. 36537-2, CITY OF LA QUINTA, COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA, AS PER MAP FILED IN BOOK 443, PAGES 38 THROUGH 43 OF MAPS, IN THE
OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM ALL OIL, MINERALS, NATURAL GAS, AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, GEOTHERMAL RESOURCES, METALLIFEROUS OR OTHER ORES, AND ALL
PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR UNDER THE
PROPERTY, AND ALL RIGHTS ASSOCIATED WITH THE FOREGOING, TOGETHER WITH THE PERPETUAL
RIGHT OF DRILLING, MINING, EXPLORING AND OPERATING THEREFOR AND STORING IN AND
REMOVING THE SAME FROM SAID LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO WHIPSTOCK
OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THE PROPERTY, OIL OR GAS WELLS,
TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY AND TO
BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER
AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP,
MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS OR MINES WITHOUT, HOWEVER, THE
RIGHT TO DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER FIVE
HUNDRED (500) FEET OF THE SUBSURFACE OF THE PROPERTY IN FAVOR OF KSL LAND HOLDINGS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY AS PER GRANT DEED RECORDED OCTOBER 22, 2004
AS INSTRUMENT NO. 2004-0836421 OF OFFICIAL RECORDS.
PARCEL F:
AN EASEMENT FOR VEHICULAR AND PEDESTRIAN ACCESS, INGRESS AND EGRESS PER THAT CERTAIN
EASEMENT GRANT DEED RECORDED AUGUST 19, 2020 AS INSTRUMENT NO. 2020- 0382320 OF
OFFICIAL RECORDS.
A.P.N.: 775-420-041 and 775-400-062 and 775-410-033