2024 La Quinta AL Propco, LP - Release Construction Covenants - Centre Pointe CORRECTEDRECORDING REQUESTED BY:
CITY OF LA QUINTA
CITY CLERK'S DEPARTMENT
RECORDING REQUESTED BY:
CITY OF LA QUINTA
78-495 Calle Tampico
La Quinta, CA 92253
Attention: CITY CLERK
DOC # 2024-0221708
07/25/2024 03:32 PM Fees: $20.00
Page 1 of 7
Recorded in Official Records
County of Riverside
Peter Aldana
Assessor -County Clerk -Recorder
**This document was electronically submitted
to the County of Riverside ifor recording**
Receipted by: MARIA VICTORIA #411
RELEASE: OF CONSTRUCTION COVENANTS
APN: 604-630-056; ADDRESS: 45160 SEELEY DR, LA QUINTA, CA 92253
CORRECTING NOTARY ACKNOWLEDGEMENT AND
SUPERSEDING DOC # 2024-0219525 RECORDED 7/24/2024
...................... I ... I...
•
RECORDERS
USE ONLY
This page added to provide adequate space for recording information.
This document is exempt from payment of recording fee pursuant to
Government Code Sections 6103 and 27383
DOC #2024-0221708 Page 2 of 7
RECORDING REQUESTED BY,
AND WHEN RECORDED MAIL TO:
Successor Agency to the
La Quinta Redevelopment Agency
78- 495 Calle Tampico
La Quinta, CA 92253
Attn: Agency Secretary
This document is exempt from the payment of a recording
fee pursuant to Government Code Section 27383
APN: 604-630-056
ADDRESS: 45160 Seeley Dr., La Quinta, CA 92253
RELEASE OF CONSTRUCTION COVENANTS
THIS RELEASE OF CONSTRUCTION COVENANTS (the "Release") is made by the
Successor Agency to the LA QUINTA REDEVELOPMENT AGENCY, a public body,
corporate and politic (the "Agency") and the successor in interest by operation of law to the former
La Quinta Redevelopment Agency ("RDA"), in favor of La Quinta AL Propco, LP, a Washington
limited partnership ("Owner"), as of June 10, 2024.
RECITALS
A. On or about December 18, 2003, the RDA and CP Development La Quinta, LLC,
a California limited liability company ("Developer") entered into that certain Disposition and
Development Agreement, which was recorded on January 5, 2004, as Document No. 2004-
0005255 (as amended, the "DDA"), and that certain Development Agreement, which was recorded
on January 5, 2005, as Document No. 2004-0005256, and amended by those certain Amendments
Nos. 1, 2, 3, and 4, recorded on November 8, 2004 as Document No. 2004-0885063, December
19, 2005 as Document No. 2005-1045418, June 4, 2008 as Document No. 2008-0303530, and
November 21, 2012 as Document No. 2012-0564810, respectively (collectively, the
"Development Agreement'), pursuant to which the RDA sold to Developer certain real property
located southeast of the Miles Avenue and Washington Street intersection, in the City of La Quinta,
County of Riverside, State of California (the "Site"), a portion of which is more fully described in
Exhibit "A" attached hereto and made a part hereof (the "Property"). The Property subject to this
Release is the real property and improvements thereon defined in the DDA as the "Parcel 7
Residential Development" and identified in the Site Map, attached to both the DDA and
Development Agreement, as the portion of the Site identified as Lot 7.
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DOC #2024-0221708 Page 3 of 7
B. With the California Supreme Court' s decision in California Redevelopment
Association v. Matosantos (2011) 53 Cal. 4th 231, all redevelopment agencies in California were
dissolved on February 1, 2012. In Juni; 2012, the California Legislature passed Assembly Bill 1484
("AB 1484"), and in September 2015, passed Senate Bill I07 ("SB 107"), both which substantively
and technically amended Assembly Bill 26 from the 2011- 12 First Extraordinary Session of the
California Legislature ("AB 26"), the original bill enacting redevelopment dissolution. AB 26, AB
1484, SB 107, and any and all other provisions enacted to Parts 1.8 and 1.85 of Division 24 of the
California Health and Safety Code are referred to herein as the "Dissolution Law." Pursuant to
the Dissolution Law, the Agency is the successor in interest to the RDA by operation of law.
C. Owner is a successor in interest to Developer with respect to the Property.
D. As referenced in Section 310 of the DDA, the Agency is required to furnish the
Developer or its successors with a Release of Construction Covenants upon Developer's
completion of construction of each Phase of Development, as that term is described in Section 100
of the DDA, which Release is required to be in such form as to permit it to be recorded in the
Recorder's office of Riverside County. This Release is conclusive determination of satisfactory
completion of the construction and development required by the DDA. The Release of
Construction Requirements also releases Developer and its successors from the prohibition against
transfers of the Site contained in Section 7.1 of the Development Agreement and to terminate the
Agency's right of reverter and power of termination reserved in the Grant Deed to Developer,
dated November 10, 2004, and recorded December 9, 2004, as Document No. 2004-0979137.
E. The Agency has conclusively determined that construction and development has
been satisfactorily completed with respect to the Property.
NO'W, THEREFORE, the Agency hereby certifies as iPollows:
1. The construction and development on the Property has been fully and satisfactorily
completed in conformance with the DDA and the Development Agreement. Any operating
requirements and all use, maintenance or nondiscrimination covenants contained in the DDA,
Development Agreement, and other documents executed and recorded pursuant to the DDA shall
remain in effect and enforceable according to their terms.
2. This Release of Construction Covenants does not denote completion of any work
required to be completed, other than on the Property.
3. This Release of Construction Covenants is not a notice of completion as referred to
in Section 3093 of the California Civil Code.
4. Nothing contained in this instrument shall modify in any other way any other
provisions of the DDA or Development Agreement.
[ signatures on next page]
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DOC #2024-0221708 Page 4 of 7
IN WITNESS WHEREOF, the Agency has executed this Release as of the date set
forth above.
AGENCY:
SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY, a public body,
corporate anpolitic
By: l''--------�
Nar en. cMillen, City Manager
ATTES"h:
Fly: _
Monika Radeva, City lerk
APPROVED AS TO FORM:
William H. Ihrke, City Attorney
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,
accurac or validity of that document.
State of California
County of Riverside
On before me, ROW W VA W iwa I kv�
(insert name and title of the officer)
personally appeared Jon McMillen 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)
168049049„2
MONIKA
—.� ADEVA �
Notary Public . California
Riverside County
Commission M 2334160
• My Comm. Expires Oct 22, 2024
1pmlq
STATE OF WASHINGTON
M1
COUNTY OF KING
DOC #2024-0221708 Page 5 of 7
OWNER:
LA QUINTA AL OPCO, LP,
a Washington limited partnership
By: HawthornAL Opco GP, LLC
a Washington limited liability company,
its general partner
Name: Alain Spragins
Title: Chief Operating Officer
On _ 1-1 , 2024, before me, t*We DY tOo , a Notary
Public, personally appeared Alan Spragins, who proved to me on the basis of satisfactory evidence
to be the person whose name is subscribed to the within instrument and acknowledged to me that
he executed the same in his authorized capacity, and that by his signature on the instrument the
person, or the entity upon behalf of which the person acted, executed the instrument.
DANAE ORLOS
Notary Public
State of Washington
Commission # 22006458
My Comm. Expires Mar 19, 2026
168049049.2
WITNESS my hand and official seal.
CLO
Notary Public in and for said State (Seal)
DOC #2024-0221708 Page 6 of 7
EXHIBIT A
LEGAL DESCRIPTION OF THE PROPERTY
The Land referred to herein below is situated in the City of La Quinta, County of Riverside, State
of California, and is described as follows:
PARCEL 1 OF PARCEL MAP NO. 36405, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, ON FILE IN BOOK 235 OF PARCEL MAPS, PAGES
58 THROUGH 61, INCLUSIVE, IN THE OFFICIAL RECORDS OF RIVERSIDE COUNTY,
CALIFORNIA.
EXCEPTING THEREFROM ALL INTEREST IN 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
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 PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT
TO USE EITHER THE SURFACE OF THE PROPERTY OR ANY PORTION THEREOF
WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PROPERTY IN SUCH A MANNER. AS TO
CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PROPERTY, AS
RESERVED IN THE DEED FROM LA QUINTA REDEVELOPMENT AGENCY, RECORDED
DECEMBER 09, 2004 AS INSTRUMENT NO. 04-979137 OF OFFICIAL RECORDS.
PARCEL B:
AN EASEMENT FOR ACCESS TO LOT A (SEELEY DRIVE) AS SHOWN ON PARCEL MAP
NO. 36405, RECORDED IN BOOK 235 OF PARCEL MAPS, PAGES 58 THROUGH 61,
INCLUSIVE, IN THE OFFICIAL RECORDS OF RIVERSIDE COUNTY RECORDER,
CALIFORNIA OVER AND ACROSS PARCEL 2 OF PARCEL MAP, MAP NO. 36405,
RECORDED IN BOOK 235 OF PARCEL MAPS, PAGES 58 THROUGH 61, INCLUSIVE, IN
THE OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AS AFFECTED BY
PARKING, ACCESS AND SIGN EASEMENT AGREEMENT RECORDED APRIL 111, 2016
AS DOCUMENT NO. 2016-0141398.
PARCEL C:
A NON-EXCLUSIVE RECIPROCAL EASEMENT FOR INGRESS, EGRESS AND PARKING
OVER AND ACROSS PARCEL 2 OF PARCEL MAP, MAP NO. 36405, RECORDED IN BOOK
235 OF PARCEL MAP, PAGES 58 THROUGH 61, INCLUSIVE, IN THE OFFICIAL
RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AS AFFECTED BY PARKING,
168049049.2
DOC #2024-0221708 Page 7 of 7
ACCESS AND SIGN EASEMENT AGREEMENT RECORDED APRIL 11, 2016 AS
DOCUME14T NO. 2016-0141398.
PARCEL D:
NON-EXCLUSIVE EASEMENT FOR THE BENEFIT OF PARCEL 1 FOR STORM DRAIN
AS CONTAINED IN THAT CERTAIN EASEMENT AGREEMENT RECORDED JANUARY
09, 2013 AS INSTRUMENT NO. 2013- 0013811 OF OFFICIAL RECORDS.
PARCEL E:
A NON-EXCLUSIVE SIGN EASEMENT ON PARCEL 2 OF PARCEL MAP NO,. 36405,
RECORDED IN BOOK 235 OF PARCEL MAP, PAGES 58 THROUGH 61, INCLUSIVE, IN
THE OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
APN: 604- 630-056
042681\00001\1 7259558v5
168049049.2