2024-05-14 SDC - NOTICE of DEFAULT by City Under PSDA Amend 5tal &grW
CALIFORNIA
May 14, 2024
VIA E-MAIL AND
REGISTERED FIRST CLASS MAIL
RETURN RECEIPT REQUESTED
SilverRock Development Company, LLC
c/o The Robert Green Company
3551 Fortuna Ranch Road
Encinitas, CA 92024
Attention: Robert Green
Re: Notice of Default of Purchase, Sale, and Development Agreement
Dear Mr. Green:
As public records reflect, the City of La Quinta ("City") and SilverRock Development Company, LLC
("Developer" or "SDC"), entered into a Purchase, Sale, and Development Agreement on or about
November 19, 2014 ("Original PSDA"), as amended by that certain Amendment No. 1 to PSDA dated
on or about October 29, 2015 ("Amendment No. 1"), that certain Amendment No. 2 to PSDA dated on or
about April 18, 2017 ("Amendment No. 2"), that certain Amendment No. 3 to PSDA dated on or about
November 28, 2018 ("Amendment No. 3"), that certain Amendment No. 4 dated on or about October 12,
2021 ("Amendment No. 4") and that certain Amendment No. 5 dated on or about November 16, 2023
("Amendment No. 5" and collectively referred to as the "PSDA") for the SilverRock Resort Project,
renamed Talus project (the "Project"). Under Amendments Nos. 4 and 5, the Developer and City
memorialized the City -approved Revised Capitalization that was then presented to the City by Developer.
Based on recorded documents obtained by the City, it appears that Redwood Trust Deed Services, Inc.
("Trustee") recorded in the Riverside County Official Records ("Recorder's Office") that certain NOTICE
OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST, recorded as Document No. 2023-
0130215 (the "Trustee's Default Notice"). Notwithstanding Developer's obligation under the PSDA to
deliver timely any such notice of default from a secured lender to the City, Developer did not deliver timely
the Trustee's Notice of Default. The Trustee's Default Notice was caused to be recorded by Poppy Bank
("Poppy") for a delinquent payment specified therein, secured by that certain Deed of Trust executed by
Developer in favor of Poppy and recorded on October 24, 2021 as Document No. 2021-0628130 (the
"Poppy Deed of Trust").
On May 6, 2024, Poppy caused to be recorded that certain NOTICE OF TRUSTEE'S SALE UNDER
DEED OF TRUST recorded by the Trustee as Document No. 2024-0131108 (the "Trustee's Notice of
Sale"), setting a public auction date of sale for June 4, 2024, at 9:00 a.m. A copy of the Trustee's Notice
of Sale is also attached to this Notice of Default.
78495 Calle Tamplco I La Qulnta, California 92253 1760.777,7000 I www.laquintaca.gov
4 awe)
CALIFORNIA
The Poppy Deed of Trust is recorded against and secured by certain real property that is part of the
Project and designated locations and construction sites for "Core Project Components" as defined in
Recital K of Amendment No. 5. With the recording and delivery of the Trustee's Notice of Sale, which
expressly notices a date of sale for the real property secured by the Poppy Deed of Trust, Developer is
and will remain unable to perform its obligations under the PSDA; specifically, Developer is and will be
unable to perform in accordance with the City's approved financing for the Project as authorized under
Section 211 of the Original PSDA and most recently updated in Amendment No. 5, unless and until the
obligation secured by the Poppy Deed of Trust is satisfied and the Trustee's Default Notice and Trustee's
Notice of Sale is removed from record title.
Default and Cure
YOU ARE HEREBY ON NOTICE that, pursuant to that certain AGREEMENT TO WAIVE AND MODIFY
NOTICE AND CURE PERIOD (PURCHASE, SALE, AND DEVELOPMENT AGREEMENT) (Cypress
Point Holdings LLC Trustee Notice), dated February 7, 2024, between City and Developer (the "Waiver
And Modification Agreement"), entered into pursuant to Section 605 of the Original PSDA, the City hereby
declares the Developer in "Default" of its obligations under the PSDA. The Trustee's Notice of Sale, and
timing thereof, for default under the Poppy Deed of Trust is both "resulting from" and "related to" that
certain NOTICE OF TRUSTEE'S SALE recorded as Document No. 2024-0111080 for a default by
Developer under a separate deed of trust held by Cypress Point Holdings, LLC ("Cypress"). (See, Waiver
And Modification Agreement, ¶ 2.)
This letter serves as written Notice of the Default and demands the cure of the Default, as governed by
Paragraph 3 of the Waiver and Modification Agreement, within seven (7) days from receipt of this Notice
of Default. Cure of the Default must be timely completed either by: (a) payment of all obligations owing
to Poppy to remove from title and terminate Trustee's Default Notice and Trustee's Notice of Sale, and
to prevent the sale of any or all real property subject to the Poppy Deed of Trust, or (b) execution of
forbearance agreement(s) (or other agreement(s)) with Poppy, Cypress, and any and all other lienholders
with a deed of trust securing any unpaid obligations, owed by Developer and secured by an interest in
real property conveyed to Developer for the Project,
to prevent the sale of any or all real property subject to the Poppy Deed of Trust. Developer shall timely
deliver to the City Manager and City Attorney all documents (such as any forbearance agreement(s) or
other agreement(s)) evidencing compliance with the cure of Developer's Default as specified in this
Notice of Default. Developer shall immediately take all actions necessary and proper to prevent the sale
of any real property subject to the Poppy Deed of Trust.
Additionally, the City hereby retains and reserves any and all rights and remedies available at law or in
equity, including those available under any and all provisions in the PSDA, due to Developer's Default
and anticipatory default(s). Additionally, pursuant to Sections 508 and 509 of the Original PSDA and
Section 7.1 of Amendment No. 5, the City retains and reserves all of its rights cumulatively, and does not
18495 Calle Tampico I La Quinta, California 92253 1160.711.1000 I www.laquintaca.gov
HAW
waive any other default(s) that Developer may otherwise now or in the future have by delivery of this
Notice of Default.
Should you have any questions and to schedule a meeting, please contact me at (760) 777-7100.
Sincerely,
Jon Mc r'' en
anager
cc: Bill lhrke, City Attorney (via email)
Parties listed below and on next pages
Clinton L. Blain, Attorney at Law
Crosbie Gliner Schiffman et al.
3990 Old Town Avenue,
12750 High Bluff Drive, Suite 250
Suite B-101
San Diego, California 92130
San Diego, CA 92110
Attention: Dana Schiffman
Attention: Clinton Blain, Esq.
Attention: Thomas Crosbey
dschiffman@cgs3.com
tcrosbie@cgs3.com
Caldarelli Hejmanowski Page & Leer
3398 Carmel Mountain Road
Suite 250
San Diego, CA 92121
Attention: William Caldarelli, Esq.
wjc@chpllaw.com
Michelman & Robinson, LLP
Abbey, Weitzenberg, Warren
10880 Wilshire Blvd.
& Emery
19th Floor
100 Stony Point Rd, Ste. 200
Los Angeles, CA 90024
Santa Rosa, CA 95401
Attn: Edward D. Vaisbort, Esq.
Attn: Mitchell B. Greenberg,
Attn: Eric Rans, Esq.
Esq.
evaisbort@mrilp.com
mgreenberg@abbeylaw.com
ERans@mrllp.com
18495 Calle lanpieo 1 la 9uinta, California 92253116117 1000 www.laquintacagov
tal &grW
CALIFORNIA
First Pathway Partners
Attn: Dan Wycklendt
311 E. Chicago Street, Suite 510
Milwaukee, WI 53202
Keillor Capital
Attn: Eric Keillor
2429 W. Coast Hwy, suite 210
Newport Beach, CA 92663
Silver Arch Capital
Ziegler Investment Banking
Attn: Jeff Wolfer
Attn: Aaron Gadouas
411 Hackensack Ave,
One North Wacker Drive,
Suite 803
Suite 2000
Hackensack, NJ 07601
Chicago, Illinois 60606
Lieef Real Estate Energy Partners LLC
Orrick
Attn: Caleb Stokes
400 Capitol Mall
5 Union Square West FRNT 1, #1265
Suite 3000
New York, NY 10003
Sacramento, CA 95814-4497
Attn: Jenna Magan, Esq.
Attn: Bandon Dias, Esq.
jmagan@orrick.com
bdias@orrick.com
78495 Calle Tamplco I La Qulnta, California 92253 1760.777,7000 I www.laquintaca.gov
RECORDING REQUESTED BY:
AND WHEN RECORDED MAIL TO:
REDWOOD TRUST DEED SERVICES, INC.
P.O. BOX 6875
SANTA ROSA, CA 95406-0875
DOC # 2024-0131108
05/06/2024 12:47 PM Fees: $116.00
Page 1 of 6
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: AMINAH #6123
LOAN: 01 805585 05 / SILVERROCK
OTHER: 91226563
T.S. #: 23101 -PB
NOTICE OF TRUSTEE'S SALE UNDER DEED OF TRUST
NOTE: THERE IS A SUMMARY OF THE INFORMATION IN THIS DOCUMENT ATTACHED *
(3,1 q �f
NOTA: SE ADJUNTA UN RESUMEN DE LA INFORMACIdN DE ESTE DOCUMENTO
TALA: MAYROONG BUOD NG IMPORMASYON SA DOKUMENTONG ITO NA NAKALAKIP
LU'U `(: KE M THEO DAY LA BAN TRINH BAY TOM LLYc'C Vi= THONG TIN TRONG TAI LIEU NAY
PURSUANT TO CIVIL CODE § 2923.3(a), THE SUMMARY OF INFORMATION REFERRED TO ABOVE IS NOT
ATTACHED TO THE RECORDED COPY OF THIS DOCUMENT, BUT TO THE COPIES PROVIDED TO THE TRUSTOR.
YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 10/21/2021.
UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE
SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE
NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A
LAWYER.
NOTICE is hereby given that REDWOOD TRUST DEED SERVICES, INC., as trustee, or successor trustee, or
substituted trustee pursuant to the Deed of Trust executed by SILVERROCK DEVELOPMENT COMPANY,
LLC, a Delaware limited liability company, recorded on 10/25/2021 as Instrument No. 2021-0628130 in Book
--, Page -- of Official Records in the office of the County Recorder of RIVERSIDE County, California, and
pursuant to the Notice of Default and Election to Sell thereunder recorded 5/5/2023 in Book --, Page --, as
Instrument No. 2023-0130215 of said Official Records, WILL SELL on 6/4/2024 In front of the Corona Civic
Center, 849 W. Sixth Street, Corona, CA 92882 at 9:00 AM AT PUBLIC AUCTION TO THE HIGHEST
BIDDER FOR CASH (payable at the time of sale in lawful money of the United States), all right, title and interest
conveyed to and now held by it under said Deed of Trust in the property situated in said County and State
hereinafter described:
See EXHIBIT "A" attached hereto and made a part hereof for Legal Description and APNs
A.P.N.: 777-510-001, et al.
The property address and other common designation, if any, of the real property described above is purported to
be: No Situs Address, La Quinta, CA
The undersigned Trustee disclaims any liability for any incorrectness of the property address and other common
designation, if any, shown herein. If no street address or other common designation is shown, directions to the
location of the property may be obtained by sending a written request to the undersigned within 10 days of the
date of first publication of this Notice of Sale. The property heretofore described is being sold "as is".
DOC #2024-0131108 Page 2 of 6
NOTICE OF TRUSTEE'S SALE UNDER DEED OF TRUST
LOAN: 01 805585 05 1 SILVERROCK OTHER: 91226563
T.S. #: 23101 -PB
The total amount of the unpaid balance of the obligation secured by the property to be sold and reasonable
estimated costs, expenses and advances at the time of the initial publication of the Notice of Sale is:
$32,539,912.94.
In addition to cash, the Trustee will accept a cashier's check drawn on a state or national bank, a check drawn by a
state or federal credit union, or a check drawn by a state or federal savings and loan association, savings
association or savings bank specified in Section 5102 of the Financial Code and authorized to do business in this
state. In the event tender other than cash is accepted, the Trustee may withhold the issuance of the Trustee's Deed
until funds become available to the payee or endorsee as a matter of right.
Said sale will be made, but without covenant or warranty, express or implied, regarding title, possession or
encumbrances, to satisfy the indebtedness secured by said Deed of Trust, advances thereunder, with interest as
provided therein, and the unpaid principal balance of the Note(s) secured by said Deed of Trust with interest
thereon as provided in said Note(s), fees, charges and expenses of the trustee and the trusts created by said Deed
of Trust.
If the Trustee is unable to convey title for any reason, the successful bidder's sole and exclusive remedy shall be
the return of monies paid to the Trustee, and the successful bidder shall have no further recourse.
Dated: May 3, 2024
REDWOOD TRUST DEED SERVICES, INC., as said Trustee
ATTN: ROBERT CULLEN
P.O. BOX 6875
SANTA ROSA, CA 95406-0875
ROBERT CULLEN, President
NOTICE TO POTENTIAL BIDDERS: If you are considering bidding on this property lien, you should understand that there are risks
involved in bidding at a trustee auction. You will be bidding on a lien, not on the property itself. Placing the highest bid at a trustee
auction does not automatically entitle you to free and clear ownership of the property. You should also be aware that the lien being
auctioned off may be a junior lien. If you are the highest bidder at the auction. you are or may be responsible for paying off all liens senior
to the lien being auctioned off, before you can receive clear title to the property. You are encouraged to investigate the existence, priority,
and size of outstanding liens that may exist on this property by contacting the county recorder's office or a title insurance company, either
of which may charge you a fee for this information. If you consult either of these resources, you should be aware that the same lender may
hold more than one mortgage or deed of trust on the property.
NOTICE TO PROPERTY OWNER: The sale date shown on this notice of sale may be postponed one or more times by the mortgagee,
beneficiary, trustee, or a court, pursuant to Section 2924g of the California Civil Code. The law requires that information about trustee sale
postponements be made available to you and to the public, as a courtesy to those not present at the sale. If you wish to learn whether your
sale date has been postponed, and, if applicable, the rescheduled time and date for the sale of this property, you may call (800) 683-2468 or
visit this Internet Web site: www.servicelinkASAP.com. using the Trustee Sale number assigned to this file, T.S. #23101 -PB. Information
about postponements that are very short in duration or that occur close in time to the scheduled sale may not immediately be reflected in the
telephone information or on the Internet Web site. The best way to verify postponement information is to attend the scheduled sale,
EXHIBIT A (Page 1 of 4)
LEGAL DESCRIPTION
PARCEL A:
DOC #2024-0131108 Page 3 of 6
LOTS 1-5, 9-12, 15, 16, 18, 19, 27-29 AND LOTS A THROUGH L OF TRACT NO. 37730, IN THE CITY OF
LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, FILED IN BOOK 479, PAGES 27 THROUGH
33 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER
LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO
DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A PROPERTY LYING
MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES
INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS. HYDROCARBON SUBSTANCES
OR MINERALS FROM SAID PHASE 1A PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY
RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A PROPERTY OR ANY PORTION THEREOF
WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER,
OR TO USE THE PHASE 1A PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE
OR ENJOYMENT OF THE PHASE 1A PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950 OF OFFICIAL RECORDS..
(LOTS 6, 7, 8, 13, 14, 17, 20, 21, 22, 23, 24, 25 AND 26 OF TRACT OF NO. 37730 HAVE BEEN REMOVED
AS AN ENCUMBRANCE UNDER THE SUBJECT DEED OF TRUST AS SHOWN BY A PARTIAL
RECONVEYANCE RECORDED MAY 01, 2023, AS INSTRUMENT NO. 2023-0122688 OFFICIAL RECORDS.)
APNs: 777-510-001 / 777-510-002 / 777-510-003 / 777-510-004 / 777-510-005 / 777-510-009
777-510-010 / 777-510-011 / 777-510-012 / 777-510.015 / 777-510-016 / 777-520-002 / 777-520-003
777-520-011 / 777-520-012 / 777-520-013 / 777-520-018 / 777-510-017 / 777-520-014 / 777-520-015
777-520-016 / 777-510-018 / 777-510-019 / 777-510-020 / 777-510-021 / 777-510-022 / 777-510-023
777-520-017
PARCEL B:
THAT PORTION OF PARCELS 4 AND 18 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
LOT "C" OF LOT LINE ADJUSTMENT NO. 2020-0010, RECORDED JULY 15, 2021, AS INSTRUMENT NO,
2021-0426711 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED
THEREIN.
APNs: 777-490-058 / 777-490-063 / 777-490-064 / 777-490-065 / 777-490-066
EXHIBIT A (Page 2 of 4)
PARCEL C:
DOC #2024-0131108 Page 4 of 6
THAT PORTION OF PARCEL 3 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,
DESCRIBED AS FOLLOWS:
LOT "B" OF LOT LINE ADJUSTMENT NO. 2020-0010, RECORDED JULY 16, 2021, AS INSTRUMENT NO.
2021-0428113 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED
THEREIN.
APNs: 777-490-037 / 777-490-057 / 777-490-059 / 777-490-068
PARCEL D:
THAT PORTION OF PARCEL 10 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,
DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT UNE ADJUSTMENT NO. 2020-0007, RECORDED AUGUST 20, 2021, AS INSTRUMENT
NO. 2021-0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
(PARCEL D THAT PORTION OF PARCEL 10 OF PARCEL MAP 37207 DESCRIBED AS PARCEL B OF LLA
2020-0007) HAS BEEN REMOVED AS AN ENCUMBRANCE UNDER THE SUBJECT DEED OF TRUST AS
SHOWN BY A PARTIAL RECONVEYANCE RECORDED 11/08/2022, AS INSTRUMENT NO. 2022-0463895 OF
OFFICIAL RECORDS. APN: 777-060-083)
PARCEL E:
THAT PORTION OF PARCEL 11 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,
DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2020-0007, RECORDED AUGUST 20, 2021, AS INSTRUMENT
NO, 2021-0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
(PARCEL E (THAT PORTION OF PARCEL 11 OF PARCEL MAP 37207 DESCRIBED AS PARCEL C OF LLA
2020-0007) HAS BEEN REMOVED AS AN ENCUMBRANCE UNDER THE SUBJECT DEED OF TRUST AS
SHOWN BY A PARTIAL RECONVEYANCE RECORDED 11/08/2022, AS INSTRUMENT NO. 2022-0463895 OF
OFFICIAL RECORDS. APN: 777-060-085)
EXHIBIT A (Page 3 of 4)
PARCEL F:
DOC #2024-0131108 Page 5 of 6
THAT PORTION OF PARCELS 9, 10, 11 AND 19 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0007, RECORDED AUGUST 20, 2021, AS INSTRUMENT
NO. 2021-0500015 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
APNs: 777-060-082 / 777-060-084 / 777-490-046 / 777-490-071
PARCEL G:
THAT PORTION OF PARCELS 6 AND 7 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021, AS
INSTRUMENT NO, 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL H:
THAT PORTION OF PARCELS 6, 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS;
PARCEL "B" OF LOT UNE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021, AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
APNs: 777-490-0721 777-490-076
PARCEL N:
THAT PORTION OF PARCELS 6, 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021, AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
APNs: 777-490-073 / 777-490-074 / 777-490-075 / 777-490-080
EXHIBIT A (Page 4 of 4)
PARCEL I:
DOC #2024-0131108 Page 6 of 6
THAT PORTION OF PARCELS 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021, AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
APNs: 777-490-077 / 777-490-078 / 777-490-079
PARCEL 1
PARCEL 5 AND LL 1 11RED PARCELS 0, E, F AND G OF PARCEL MAP NO. 37207, AS SHOWN BY A MAP
FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE CITY OF LA
QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY RECORDER
OF SAID COUNTY.
RESERVING THEREFROM PARCEL 5 ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE,
TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF
THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND
PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B
PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE
FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500)
FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A
AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA
MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018,
AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-
0463950, BOTH OF OFFICIAL RECORDS.
(PARCEL 12 OF PARCEL MAP 37207 HAS BEEN REMOVED AS AN ENCUMBRANCE UNDER THE SUBJECT
DEED OF TRUST AS SHOWN BY A PARTIAL RECONVEYANCE RECORDED 11/08/2022, AS INSTRUMENT
NO. 2022-0463895 OF OFFICIAL RECORDS. APNs: 777-060-075 and 777-060-078)
APNs: 777-490-042 / 777-490-053 / 777-490-054 / 777-490-055
T.S. #23101 -PB
From: Jon McMillen
Sent: Tuesday, May 14, 2024 4:37 PM
To: Robert S. Green Jr. (robert@therobertgreencompany.com)
Cc: Dana Schiffman; Tom Crosbie; wjc@chpllaw.com; Edward D. Vaisbort (LA); Eric Rans
(OC); mgreenberg@abbeylaw.com; jmagan@orrick.com; bdias@orrick.com; Monika
Radeva; Bill Ihrke
Subject: Notice of Default of Purchase, Sale, and Development Agrement
Attachments: Notice of Default of Purchase, Sale and Development Agreement Letter 5-14-24[79].pdf;
Poppy Bank - Recorded Notice of Trustee's Sale - TS #23101 -PB -- SilverRock (5-6-24)
[25].pdf
Follow Up Flag: Follow up
Flag Status: Completed
Good Afternoon Robert, Please see attached Notice of Default. Please contact me to discuss.
Regards
Jon McMillen 1 City Manager
City of La Quinta
78495 Calle Tampico 1 La Quinta, CA 92253
Ph. 760.777.7030
www.laquintaca.gov
www.playinlaquinta.com
i
4Ottigra
City of La Qulnta
78195 Calle Tampico
La Quetta CA 92253
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CALDARELLI HEJMANOWSKI PAGE & LEER
ATTN: WILLIAM CALDARELLI ESQ
STE 250
3398 CARMEL MOUNTAIN RD
SAN DIEGO CA 92121-1044
cell/ Otani
MN Cay Tanpto
I OUInta CA-922s3-
Tracking
A 2253
Tracking Number:
9214890188040800059257
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Latest Update
Your item has been delivered to an agent for final delivery in SAN
DIEGO, CA 92121 on May 17, 2024 at 1:35 pm.
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CERTIFIED MAIL:
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9214 8901 8804 0800 0592 33
cuwan, ATTORNEY A• i ai,in
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A1TN CLINTON BLAIN ESQ
STE B101
3990 OLD TOWN AVE
SAN DIEGO CA 92110-2907
Tracking Number:
9214890188040800059233
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Latest Update
$0049_59
G Delivered to Agent
Delivered to Agent for Final Delivery
SAN DIEGO, CA 92121
May 17, 2024, 1:35 pm
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$008.5
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Your item was refused by the addressee at 12:17 pm on May 20,
2024 in SAN DIEGO, CA 92110 and is being returned to the
sender.
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Alert
• Refused
SAN DIEGO, CA 92110
May 20, 2D24, 12:17 on'
1
•
1
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Arrived at USPS Regional Facility
SAN DIEGO CA DISTRIBUTION CENTER
May 18, 2024, 9:06 am
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Cludixte,
1i NOVO/
arty of La Quinta
3495 Calle Tampico
a Qu Inca CA 92253
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9214 8901 8804 0800 0592 40
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CROSBIE GLINER SCHIFFMAN ET
ATTENTION: DANA SCHIFFMAN
ATTN: THOMAS CROSBEY
STE 250
12750 HIGH BLUFF DR
SAN DIEGO CA 92130-2230
attilifei
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119.114v, — •
Ctty of La Quinta
78495 Calle Tampico
La Quinta CA 92253
Tracking Number:
9214890188040800059240
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Latest Update
Your item was delivered to the front desk, reception area, or mail
room at 1:42 pm on May 17, 2024 in SAN DIEGO, CA 92130.
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CERTIFIED- MAIL
1 1
USPS CERTIFIED MAIL
1
1
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1
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9214 8901 8804 0800 0592 64
MICHELMAN ! ROBINSON LLP
ATTN: EDWARD D VAISBORT ESQ
ATTN: ERIC RANS ESQ
10880 WISH RE BLVD FL 19
LOS ANGELS$ CA 90024-4101
Tracking Number:
9214890188040800059264
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Delivered, Front Desk/Reception/Mail Room
SAN DIEGO, CA 92130
May 17, 2024. 1:42 pm
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Latest Update
Your item has been delivered to an agent for final delivery in LOS
ANGELES, CA 90024 on May 17, 2024 at 11:02 am.
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$008.59 2 2
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Delivered to Agent
Delivered to Agent for Final Delivery
LOS ANGELES, CA 90024
May 17, 2024, 11:02 am
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4 CAI&
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City of La Quinta
78495 Calle Tampico
La Quirna CA 92253
CERTif,tE0 MAR
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USPS CERTIFIED MAIL
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11
11
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9214 8901 RAt14 t7ROO 0592 71
11
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Tracking Number:
9214890188040800059271
ABBEY WEITZENBERG WARREN & EMERY Copy GAdd toInfo nnedDelivery
ATTN: MITCHELL B GREENBERG ESQ
STE 200
100 STONY POINT RD
SANTA ROSA CA 95401-4150
:qty o! La Ouinta
8495 Calle Tampico
a Quinta CA 92253
Latest Update
Your item was delivered to an individual at the address at 12:06
pm on May 2D, 2024 in SANTA ROSA, CA 95401.
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CER1IFIED r:IAIL
iii
FIRST PATHWAY PARTNERS
ATTN: DAN WYCKLENDT
STE 510
311 E CHICAGO ST
MILWAUKEE WI 53202-5896
USPS CERTIFIED MAIL
1
11
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9214 8901 8804 0800 0592 88
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Tracking Number:
9214890188040800059288
in Copy Add to Informed Delivery
Latest Update
Your item was delivered to an individual at the address at 8:18
am on May 18, 2024 in MILWAUKEE, WI 53202.
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I31 USPS Tracking Plus
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FIRST el ASS MAI.
IMI
$008.592
05114120224 ZIP 92153
043',131244,1$0
G Delivered
Delivered, Leit with Individual
SANTA ROSA, CA 95401
May 20, 2024, 12:06 pm
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What Do USPS Tracking Statuses Mean?
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FIRST CLASS MAIL CCC
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$008.592
`,rie I)5r141 )24 ZIP 92253 (13
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Delivered, Left with Individual
MILWAUKEE, WI 53202
May 18, 2024; 8:18 am
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What Da USPS Tracking Statuses Mean?
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City pf La Qu inta
784.95 Calle Tamp.00
Ls Ct ,nta CA 92253
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9214 8901 8804 0800 0593 01
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SILVER ARCH CAPITAL
ATTN: JEFF WOLFER
STE 803
411 HACKENSACK AVE
HACKENSACK NJ 07601-6446
Crty of La durnta
78495 Calle Tampico
La Quints CA 02253
Tracking Number:
9214890188040800059301
�0 Copy •"* Add to Informed Delivery
Latest Update
Your item was delivered to an individual at the address at 12:29
pm on May 21, 2024 in HACKENSACK, NJ 07601.
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VIS
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USPS CERTIFIED MAIL
11
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9214 8901 8804 0800 0593 25
Tracking Number.
9214890188040800059325
Copy Add to Informed Delivery
LIEEF REAL ESTATE ENERGY PARTNERS LLC ■
ATTN CALEB STOKES
FRNT 1 X 1265
5 UNION SQ W
NEW YORK NY 10003-0060
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Delivered
Delivered, Left with Individual
HACKENSACK. NJ 07601
May 21, 2024. 12:29 pm
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Latest Update
Your item was delivered to an individual at the address at 12:46
pm on May 18, 2024 in NEW YORK, NY 10003.
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gl,o>i?erit
6
FIRST CLASS MA1I
15.11
$008.59 g
J1.'4442'14'
e Delivered
Delivered, Left with Individual
NEW YORK, NY 10003
May 18, 2024. 12:46 pm
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CERTIFIED MAIL
1I.16V. ---.
City of La Quinta
78495 Calle Tampico
La Quina CA 92253
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USPS CERTIFIED MAIL
1
1
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9214 8901 8804 0800 0593 18
1
1
ZIEGLER INVESTMENT BANKING
ATTN: AARON GADOUAS
STE 2000
1 N WAC KE R DR
CHICAGO IL 60606-2809
aQaiitr�
- Li.,
City of La Quinta
78495 Calle Tamprcol
La Quinta CA 92253
CERTIFIED MALI
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USPS CERTIFIED MAIL
11
1
1
1
1
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1
9214 8901 8804 0800 0593 32
1
ORR ICK
ATTN: JENNA MAGAN ESQ
ATTN: BANDON DIAS ESQ
STE 3000
400 CAPITOL MALL
SACRAMENTO CA 95814.4497
Tracking Number:
9214890188040800059332
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Latest Update
Your item was delivered to an individual at the address at 11:35
am on May 20, 2024 in SACRAMENTO, CA 95814.
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quodtent 1.12
FIR51•CLASS MAIL
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$008.59 21
C6(1442024 ?IP 92253
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Delivered, Left with Individual
SACRAMENTO, CA 95814
May 20, 2024. 11:35 am
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What Do USPS Tracking Statuses Mean?