2019 Sunridge Properties, Inc (LQ Hospitality Group) - Escrow 6th Supplementummu * ■ ■
f o u r s e a s o n s P s r r n w I n c
78070 Calle Cadiz, La Quinta, CA 92253
Phone (760) 564-4044 Fax (760) 771-2999
DATE: May 20, 2019
Escrow Officer: Veronica Rodriguez Title Officer: Porsha Peterson / Josh Guzman
Escrow Associate: Leeta Slama Title Order No.: 5690514
Escrow No.: FS2566 Title Company: First American Title
Property Address: A portion of 79523-79567 Highway 111 La Quinta, CA 92253
SIXTH SUPPLEMENT TO AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND
INSTRUCTIONS TO ESCROW DATED JUNE 20, 2018 BY AND BETWEEN LQ Hospitality Group
LLC, an Arizona Limited Liability Company, AS BUYER City of La Quinta, a California Municipal
Corporation, AS SELLER.
Previous instructions in the above numbered escrow are hereby modified and/or supplemented in the
following particulars only:
Buyer and Seller mutually agree to amend Sections 4.4 and 4.5 of the Purchase and Sale Agreement as follows:
Seller agrees to authorize the close of escrow and the transfer of title to Buyer after a Grading Permit has been
issued to Buyer, and with knowledge that Buyer is still working on obtaining a Building Permit for the project.
Upon close of escrow, Buyer agrees to continue to work with all applicable agencies to obtain all required permits
and commence with construction and operation of a hotel facility.
Buyer and Seller mutually agree that The City of La Quinta Planning Department, Public Works Department, and
Fire Department (City Departments) are required to review for completeness the Building Permit submittals once
the following items are received:
It is understood that the below two items are currently in process and awaiting final approval.
- County approval of kitchen equipment (in process)
- School Fee Certificate of Compliance (in process)
Buyer and Seller mutually agree that the items listed above are the approvals pending for Building Permit issuance
and once the above items are received, all applicable license and fees have been paid, and those City Departments
approve, Buyer can pull permit after completing the following:
- Building Permit Fee Payment
- Pad Elevations Certificate from a surveyor
- Geotechnical Certification of Grading Compliance including compaction report from the Soils Engineer
Buyer acknowledges that once the City Departments are satisfied with submittal completeness, each respective
department will authorize approval and issuance of the outstanding permit(s).
"These are post closing items and will survive the close of escrow on the land"
All other terms and conditions remain in FULL force and effect.
Buyer(s)
Seller(s)
LQ Hospitality Group LLC, an Arizona Limited Liability Cit if La Quint l+ rnia Municipal Corporation
Company
By: Paul Welker
Its: CEO
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