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2024 Old Town La Quinta - Grant of Easement Agmt - Stuft PizzaRECORDING REQUESTED BY And When Recorded Mail To: City of La Quinta Attn: City Clerk 78495 Calle Tampico La Quinta, CA 92253 (Space above for Recorder's Use Only) GRANT OF EASEMENT AND EASEMENT AGREEMENT This GRANT OF EASEMENT AND EASEMENT AGREEMENT ("Easement") is made this 26h day of June 2024, by and between OTLQ, LLC ("Grantor"), and Building A. LQ, LLC Grantee"). RECITALS A. Grantor is the owner of certain real property located at 78100 Main Street, La Quinta, County of Riverside, State of California, APN No 770121013 (the "Grantor Property"). B. Grantee is the owner of that certain real property located in the City of La Quinta, County of Riverside, State of California, APN No 770121015 located adjacent to the Grantor Property and known as 78015 Main Street, La Quinta (the "Grantee Property"). C. For the benefit of the Grantee, Grantor desires to grant to Grantee a nonexclusive easement appurtenant to the Grantee Property over that portion of the Grantor Property depicted as the "Easement Area" for the purposes herein described. -1- AGREEMENT NOW, THEREFORE, based on the foregoing Recitals, which are incorporated herein by reference, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Grantor and Grantee agree to the following, and Grantor hereby covenants and declares that all of its interest in the Grantor Property shall be held and conveyed subject to the covenants, easement, and restrictions herein. 1. Grant of Easement. Grantor hereby grants to Grantee a non-exclusive perpetual easement for the access, ingress, egress, and circulation of pedestrians and vehicles on, over, and about the Easement Area. 2. No Interference by Grantor._ Grantor shall not use the Easement Area for any purpose which would impede the use of the Easement Area by Grantee for the purposes herein granted, including but not limited to parking of vehicles within the Easement Area. 3. Maintenance of Easement Area. Grantor shall maintain the Easement Area. The word "maintain" shall mean without limitation: (i) maintaining the surfaces in a level, smooth, and evenly covered condition with the type of surfacing material originally installed or such substitute as shall, in all respects, be equal in quality, use, and durability; (ii) periodically removing all papers, debris, filth, and refuse, and washing or thoroughly sweeping the area to the extent reasonably necessary to keep said area in a neat, clean, and orderly conditions; (iii) placing, keeping in repair, and replacing any necessary directional signs, markers, and lines. If Grantor fails to maintain the Easement Area as provided herein, Grantee shall have an easement over the Grantor Property for the purpose of performing all reasonably necessary maintenance within the meaning of this Section at Grantor's expense, payable to the grantee that performed the maintenance work within five (5) business days of receipt of notice of completion of such maintenance; provided, however, that Grantor must be given no less than ten (10) days prior written notice before Grantee may exercise such rights, during which period Grantor may cure, or for those maintenance obligations that cannot be cured within ten (10) days, Grantor may commence cure and diligently see such cure to completion. In the event that Grantor fails to reimburse Grantee for the completion of the maintenance required herein within the five (5) business day -period, such sums shall thereafter bear interest at the maximum non - usurious rate permitted by law. Until paid, these costs, including interest on attorney's fees incurred for the enforcement of such maintenance, shall be a lien on the Grantor Property. 4. Insurance, Grantor shall at all times at Owner's own cost and expense maintain a comprehensive general liability policy of insurance with a combined single limit in an amount equal to that customarily carried by owerns of fee title to similarly improved real property located within the general vicinity of the Grantor Property, but in no event less than One Million Dollars ($1,000,000.00), which policy shall cover damage to persons and property occurring upon such Grantor Property or elsewhere upon the Easement Area in any manner arising out of (i) the use of the Easement Area, (ii) the exercise of the easement rights granted Grantee, and/or (iii) the performance of the obligations of Grantor hereunder. 5. Covenants Run with the Land and City Right to Enforce._ The covenants, easement, and restrictions referred to in this Easement: (i) are granted in perpetuity; (ii) are appurtenant to the -2- Grantor Property, and are binding upon any party acquiring any interest in the Grantor Property; (iii) inure to the benefit of the successors and assigns of Grantee, and shall burden the successors and assigns of Grantor of the Grantor Property; and constitute covenants running with the land in accordance with California Civil Code section 1468, and/or constitute equitable servitudes in that the Grantor Property is burdened by the Easement Area and the Grantee Property are benefited by the Easement Area, and such covenants, easement, and restrictions herein touch and concern the land. 6. General Provisions. 6.1 Exhibits. All Exhibits attached hereto are hereby incorporated by reference and made a part hereof. 6.2 Time of the Essence. Time is of the essence in connection with each and every provision of this Easement. 6.3 Choice of Law. This Easement shall be governed by California law without regard to conflict of law principles. 6.4 Validity of Provisions. In the event that any one or more of the provisions contained in this Easement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity or unenforceability shall not affect any other provisions of this Easement, and this Easement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein, and the same shall be enforceable to the full st extent permitted by law. 6.5 Attorney's Fees and Costs. In the event that any action is instituted with respect to the subject matter of this Easement, the party prevailing in such action shall be entitled to recover from the other party reasonable attorney's fees and costs for such suit. 6.6 Amendments. This Easement may not be modified in any respect, or rescinded, in whole or in part, except by written instrument executed by all parties hereto, or their respective transferees or assignees, and recorded in the Official Records of Riverside County, California. 6.7 Counterrparts, This Easement may be executed in two or more counterparts, each of which when so executed and delivered shall be deemed an original and all of which, when taken together, shall constitute one and the same instrument. [Signatures on next page] -3- The parties have executed this Easement Agreement on the dates specified immediately adjacent to their respective signatures. "GRANTOR" Dated: n f �� _-A ) T OTLQ, LLC By: Old Town La Quinta, LLC Sole Member By: Wells L. Marvin President of Marvin Investments, Inc Managing Member "GRANTEE" Dated:--- Q 7JII 2 I ----------------------------- Building A. L.Q., LLC By: Wells L. Marvin Member "CONSENT AS TO FORM" Dated: W 10 LLEN, City Manager City of La Quinta, California Me NOTARY ACKNOWLEDGMENT 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 JULY 16, 2024 before me, OSCAR MOJICA, Notary Public, personally appeared JON McMILLEN (as City Manager for the City of La Quinta) who proved to me on the basis of satisfactory evidence to be the person(o whose name(o is/are subscribed to the within instrument, and acknowledged to me that he/she/ hey executed the same in his/he0heif authorized capacity0e&y, and that by his/herhe+f signature(o on the instrument the person(} or the entity upon behalf of which the personko 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: DOCUMENT: OSCAR MOJICA Notary Public . California W Riverside County Commission # 2461871 +LIFO My Comm. Expires Sep 1, 2027 (notary seal) Grant of Easement and Easement Agreement by and between OTLQ, LLC, and Building A. LQ, LLC to grant a nonexclusive easement appurtenant to a portion of certain real property located at 78100 Main Street; APN: 770-121-013. ACKNOWLEDGMENT 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 JULY 11, 2024 before me, GINA M REYES, NOTARY PUBLIC (insert name and title of the officer) personally appeared _**************WELLS L. MARVIN******************** who proved to me on the basis of satisfactory evidence to be the person whose name 1 /arm subscribed to the within instrument and acknowled ed to me that e/s execute th ame in e r authorized capacity, and that b 1 Ir signs ure(sKon the instrument the perso", or the entity upon behalf of which the n�,%yacted, exec ted the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. *�-.jrmy GINA M. REYES WITNESS m han and official seal. Nota iversi a Couliforni� y �R1ve�sice County Commission # 2478908 Comm. Expires Jan i, 2024 Signature (Seal) EXHIBIT "All ENCROACHMENT AREA LEGAL DESCRIPTION IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, BEING A PORTION OF LOT "E" OF PARCEL MAP NO. 30850, AS SHOWN BY MAP ON FILE IN BOOK 206, AT PAGES 60 THROUGH 62, INCLUSIVE, OF PARCEL MAPS, OFFICIAL RECORDS OF SAID COUNTY, LOCATED IN THE SOUTHWEST QUARTER OF SECTION 6, TOWNSHIP 6 SOUTH, RANGE 7 EAST, SAN BERNARDINO MERIDIAN, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID LOT "E"; THENCE NORTH 00008'33" WEST ALONG THE WESTERLY LINE OF SAID LOT "E", A DISTANCE OF 15.00 FEET; THENCE NORTH 89051'27" EAST PARALLEL WITH THE SOUTHERLY LINE OF SAID LOT "E", A DISTANCE OF 60.00 FEET; THENCE SOUTH 00008'33" EAST PARALLEL WITH THE WESTERLY LINE OF SAID LOT "E", A DISTANCE OF 15.00 FEET TO THE SOUTHERLY LINE OF SAID LOT "E"; THENCE SOUTH 89051'27" WEST ALONG THE SOUTHERLY LINE OF SAID LOT "E", A DISTANCE OF 60.00 FEET, TO THE POINT OF BEGINNING; SUBJECT TO EXISTING EASEMENTS, COVENANTS, RIGHTS AND RIGHTS-OF- WAY OF RECORD. CONTAINING 900 SQUARE FEET OR 0.021 ACRES MORE OR LESS. AS DEPICTED ON EXHIBIT "B" ATTACHED HERETO AND MADE A PART HEREOF. PREPARED BY OR UNDER THE DI CTION OF: LUKE R. BEVERLY P.L.S. 8223 10 LANA t9l O LUKE R. BEVERLY �-< DATED: 12/11/2023 ; a � 1 y No. 8223 7[ 7C OF CAL\FC� 1 OF 1 EXHIBIT "E" ENCROACHMENT AREA LOT "E" ,o (PRIVATE STREET) MAIN STREET � P.O.B. SW COR. LOT "E" DATED: 12/11/2023 89'51'27" E 60.00' 'ROACHMEN' AREA 900 SQ. FT. 0.021 AC. B9'51'27" W 60.00" S'LY LINE LOT "E" PARCEL 1 EASEMENT NOTES A10' LANDSCAPE EASEMENT PER P.M.B. 206/60-62 -®- 0' 10 20 1 SCALE 1"=10' MSA CONSULTING, INC. > PLANNING > CIVIL ENGINEERING > LAND SURVEYING 34200 BOB HOPE DRIVE, RANCHO MIRAGE, CA 92270 760.320.9811 MSACONSULTINGINC.COM J.N. 1536 SHEET 1 OF 1 Ic