2023 Mega Dealer - Substitution of Trustee & Deed of Full Reconveyance DOC# 2023-0327230RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO
Successor Agency to the La Quinta
Redevelopment Agency
78-495 Calle Tampico
La Quinta, CA 92253
Attn: Executive Director
DOC # 2023-0327230
11/02/2023 09:03 AM Fees: $0.00
Page 1 of 3
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: CRISTINA#7700
(Space Above for Recorder's Use)
Exempt from Recordation Fee per Gov. Code § 27383
SUBSTITUTION OF TRUSTEE AND DEED OF FULL RECONVEYANCE
Mega Dealer, LLC, a California limited liability company, and Robert N. La Torre,
Inc., a California corporation executed that certain Deed of Trust With Assignment of
Rents And Rider Attached Hereto dated June 14, 2011, and recorded July 5, 2011 as
Instrument No. 2011-0295863, in the Official Records of the County of Riverside, State
of California ("Deed of Trust") for the benefit of the former La Quinta Redevelopment
Agency, a public body, corporate and politic (the "Agency").
The Successor Agency to the La Quinta Redevelopment Agency, a public body,
corporate and politic ("Successor Agency"), is the successor agency to the former Agency
pursuant to (i) Health and Safety Code Section 34173(d)(1), and (ii) La Quinta City
Council Resolution No. 2012-002, adopted on January 3, 2012.
Successor Agency, as the current beneficiary and owner and holder of the Deed
of Trust, hereby substitutes Successor Agency as trustee in lieu of First American Title
Company.
Successor Agency hereby accepts said appointment as trustee under the Deed
of Trust and, as successor trustee, pursuant to the request of the current owner and
holder, does hereby reconvey, without warranty, to the person or persons legally entitled
thereto, all of the estate, title and interest now held by it under the Deed of Trust.
882/015610-0040
19655067.1 a09/12i23
[End — Signature page follows]
-1-
ATTEST:
By:
Monika Radeva, S -creta
DOC #2023-0327230 Page 2 of 3
"Successor Agency"
SUCCESSOR AGENCY TO THE LA
QUINTA REDEVELOPMENT
AGENCY, a public body, corporate and
poli
By:
•
//2423
882/015610-0040
19655067.1 a09/12/23
-2-
illen, Executive Director
DOC #2023-0327230 Page 3 of 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 ‘0\1eAAnDK, �J , before me,
Notary Public, personally appeared
Nloln‘wR IZftd�Pitill�
(insert name and title of the officer)
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
832/015610-0040
19655067.1 a09/12/23
-3-
(Seal)
MONIKA RADEVA
Notary Public - California
Riverside County
Commission # 2334260
My Comm. Expires Oct 22, 2024
From: Monika Radeva
Sent: Thursday, November 2, 2023 10:14 PM
To: Gilbert Villalpando
Cc: Monika Radeva
Subject: MEGA DEALER LLC - Recorded Substitution of Trustee
Attachments: Substitution of Trustee and Deed of Reconveyance - Mega Dealer.docx; Sub Trustee & Deed of Full
Reconveyance DOC# 2023-0327230.pdf
Follow Up Flag: Follow up
Flag Status: Flagged
Hi Gil, attached is the recorded Substitution of Trustee and Full Reconveyance for the Mega Dealer.
Please forward to the other side without using this email chain. Thank you.
Monika Radeva, CMC 1 City Clerk
City of La Quinta
78495 Calle Tampico, La Quinta, CA 92253
Tel: (760) 777-7035
MRadeva@laquintaca.gov
From: Gilbert Villalpando <Gvillalpando@laquintaca.gov>
Sent: Tuesday, October 31, 2023 8:32 PM
To: Monika Radeva <mradeva@laquintaca.gov>
Subject: FW: MEGA DEALER LLC
Hi Monika,
Can you please get signatures so we can record this?
Thank you,
4
Ct‘LIFOPIR
Gilbert Villalpando 1 Director
Business Unit and Housing Development
City Manager's Office
City of La Quinta
78495 Calle Tampico ° La Quinta, CA 92253
Ph. 760.777.7094
www.laquintaca.gov
www.playinlaquinta.com
From: LeMoine-Bui, Allison <alemoine-Bui@rutan.com>
Date: Friday, October 27, 2023 at 3:39 PM
To: Gilbert Villalpando <Gvillalpando@laquintaca.gov>
Cc: Ihrke, Bill <bihrke@rutan.com>, Douglas Kinley III <dkinley@laquintaca.gov>
Subject: RE: MEGA DEALER LLC
EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening
attachments, clicking links or responding to requests for information.
1
Yep. It should be good to go.
Allison LeMoine-Bui
18575 Jamboree Road, 9th Floor l Irvine, CA 92612
O. (714) 641-51001D. (714) 662-4658
alemoine-bui@rutan.comlwww.rutan.com
RUTAN
IRLifaill 5. maize.LP
Privileged And Confidential Communication.
This electronic transmission, and any documents attached hereto, (a) are protected by the Electronic Communications Privacy Act
(18 USC §§ 2510-2521), (b) may contain confidential and/or legally privileged information, and (c) are for the sole use of the
intended recipient named above. If you have received this electronic message in error, please notify the sender and delete the
electronic message. Any disclosure, copying, distribution, or use of the contents of the information received in error is strictly
prohibited.
From: Gilbert Villalpando <Gvillalpando@laquintaca.gov>
Sent: Wednesday, October 25, 2023 9:00 AM
To: LeMoine-Bui, Allison <alemoine-Bui@rutan.com>
Cc: Ihrke, Bill <bihrke@rutan.com>; Douglas Kinley III <dkinley@laquintaca.gov>
Subject: Re: MEGA DEALER LLC
Hi Allison,
They finally got back to me and said it is fine. Can we distribute for signatures?
Thank you,
4
ct$LOWNIEtti
Gilbert Villalpando 1 Director
Business Unit and Housing Development
City Manager's Office
City of La Quinta
78495 Calle Tampico ° La Quinta, CA 92253
Ph. 760.777.7094
www.laquintaca.gov
www.playinlaquinta.com
From: LeMoine-Bui, Allison <alemoine-Bui@rutan.com>
Date: Tuesday, September 12, 2023 at 11:06 AM
To: Gilbert Villalpando <Gvillalpando@laquintaca.gov>
Cc: Ihrke, Bill <bihrke@rutan.com>, Douglas Kinley 111 <dkinley@laquintaca.gov>
Subject: RE: MEGA DEALER LLC
EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening
attachments, clicking links or responding to requests for information.
Hi Gil,
Please see attached draft. Can you run it by the title company to ensure they don't have any comments?
Let me know if you have any questions.
2
Allison LeMoine-Bui
18575 Jamboree Road, 9th Floor l Irvine, CA 92612
O. (714) 641-51001 D. (714) 662-4658
alemoine-bui@rutan.com www.rutan.com
RUTAN
RUTAIP S .LLP
Privileged And Confidential Communication.
This electronic transmission, and any documents attached hereto, (a) are protected by the Electronic Communications Privacy Act
(18 USC §§ 2510-2521), (b) may contain confidential and/or legally privileged information, and (c) are for the sole use of the
intended recipient named above. If you have received this electronic message in error, please notify the sender and delete the
electronic message. Any disclosure, copying, distribution, or use of the contents of the information received in error is strictly
prohibited.
From: Gilbert Villalpando <Gvillalpando@laquintaca.gov>
Sent: Monday, September 11, 2023 11:29 AM
To: LeMoine-Bui, Allison <alemoine-Bui@rutan.com>; Sanders, Jessica <jsanders@rutan.com>; Van Ligten, Travis
<TVanLigten@rutan.com>
Cc: Ihrke, Bill <bihrke@rutan.com>; Douglas Kinley III <dkinley@laquintaca.gov>
Subject: FW: MEGA DEALER LLC
Hello Team Rutan,
The City placed this item on APN 600-020-018. I have attached the agreement. The loan has been
repaid and the date ended on June 30, 2023. Can we please have this removed?
3. Repayment. Within one hundred twenty ( 120) days after the end of each
of the ten ( 10) fiscal years commencing with the July 1, 2012- June 30, 2013 fiscal year, each of
which fiscal year shall be referred to herein as an " Operating Year," Agency shall forgive first
accrued interest, and then principal, on the Agency Loan, in an amount equal to the " Site Taxes"
as that term is defined below) generated on the Site during the applicable Operating Year. In
addition, upon expiration or earlier termination of the Operating Covenant, the outstanding
balance owed on the Agency Loan shall be forgiven, and this Note shall be cancelled. As used
herein, the term " Site Taxes" shall mean the sum of (i) the " Net Sales Taxes From the Site," and
ii) the " Net Property Tax Increment From the Site" ( all as defined below).
Thank you,
4
CALEFCIAIK
Gilbert Villalpando 1 Director
Business Unit and Housing Development
City Manager's Office
City of La Quinta
78495 Calle Tampico La Quinta, CA 92253
Ph. 760.777.7094
www.laquintaca.gov
www.playinlaquinta.com
3