2008 CP Development, LLC - Assignment & Assumption to Dolphin LLC for parcel 3RECORDING REQUESTED BY:
NORTH AMERICAN TITLE CO.
REQUESTED BY
AND WHEN RECORDED MAIL TO:
La Quinta Redevelopment Agency
78-495 Calle Tampico
La Quinta, CA 92253
DOC # 2008-0527098
09/26/2008 08:00A Fee:96.00
Page 1 of 27
Recorded in Official Records
County of Riverside
Larry W. Ward
Assessor, County Clerk & Recorder p\
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R I U I PAGE SIZE I DA I MISC I LONG RFD
465 I 426 IPCORINCORI SMF
IT: I CTY I UNI I67-Z
Pursuant to Government Code § 27383
97
ASSIGNMENT AND ASSUMPTION AGREEMENT
This Assignment and Assumption Agreement ( "Assignment") is entered into this 1A I
day of September, 2008 by and between CP DEVELOPMENT LA QUINTA, LLC,
a California limited liability company ("CP") and DOLPHIN LA QUINTA, LLC, a
California limited liability company ("Dolphin") with reference to the following:
A. WHEREAS, Dolphin is the owner in fee simple of certain real property
located at the southeast corner of Miles Avenue and Washington Street in the City of La
Quinta, California, as more particularly described on Exhibit "A" attached hereto and
incorporated herein by this reference (the "Dolphin Proper ri" ).
B. WHEREAS, CP is the owner in fee simple of certain real property located
adjacent to the Dolphin Property, as more particularly described on Exhibit "B" attached
hereto and incorporated herein by this reference (the "CP Properri"). For reference
purposes, a diagram from Parcel Map Number 31116 referred to in Exhibits A and B
which delineates the boundaries of the Dolphin Property and the CP Property is attached
hereto and incorporated herein as Exhibit "C" (identified thereon as Parcel "2" and Parcel
"3" respectively).
C. WHEREAS, CP acquired the CP Property, the Dolphin Property
(presently owned by Dolphin), and certain other adjacent real property from the La
Quinta Redevelopment Agency, a public body, corporate and politic ("Agency") pursuant
to the terms of that certain Disposition and Development Agreement dated on or about
December 18, 2003, and as further amended over time through a series of six
amendments on or about the following dates: October 28, 2004; December 7, 2004;
November 2, 2005; October 20, 2006; August 23, 2007; March 19, 2008 (hereinafter
collectively referred to as the "DDA").
D. WHEREAS, on December 18, 2003, the City of La Quinta ("City") and
CP entered into that certain Development Agreement which was recorded in the Official
Records of the County Recorder for the County of Riverside on January 5, 2004 as
Instrument No. 2004-0005256, and amended by that certain Amendment No. 1 to
Development Agreement executed on or about October 28, 2004 and recorded in the
Official Records of the County Recorder for the County of Riverside on November 8,
2004 as Instrument No. 2004-0885063, by that certain Amendment No. 2 to
882/015610-0107
945032 04 e09/05/08 -1-
Development Agreement executed on or about November 17, 2005 and recorded in the
Official Records of the County Recorder for the County of Riverside on December 19,
2005 as Instrument No. 2005-1045418, and by that certain Amendment No. 3 to
Development Agreement executed on or about May 6, 2008 and recorded in the Official
Records of the County Recorder for the County of Riverside on June 4, 2008 as
Instrument No. 2008-0303530 (hereinafter collectively referred to as the "DA").
E. WHEREAS, subsequent to CP's purchase from the Agency of the Dolphin
Property, CP sold the Dolphin Property to Lennar Homes of California ("Lennar")
pursuant to an assignment and assumption agreement consented to by the Agency and the
City. Pursuant to the DDA, the DA, and the entitlements previously issued by the City, a
total of one hundred thirty-two (132) condominium/casitas units are required to be
developed on the Dolphin Property (the "Dolphin Property Casitas Development"). As
of the Effective Date, on the Dolphin Property forty (40) condominium/casitas units have
been constructed by Lennar and have received certificates of occupancy by the City, and
another four (4) condominium/casitas units have been partially constructed by Lennar.
F. WHEREAS, subsequent to Lennar's purchase from CP of the Dolphin
Property, Lennar sold the Dolphin Property to Dolphin and transferred all of Lennar's
rights and obligations with respect to the Dolphin Property and the Dolphin Property
Casitas Development to Dolphin pursuant to an assignment and assumption agreement
consented to by the Agency and the City. In connection with Dolphin's acquisition of the
Dolphin Property from Lennar, Dolphin deposited Four Hundred Thousand Dollars
($400,000.00) ("Performance Deposit") into an escrow pursuant to an Agreement for
Deposit of Funds dated May 22, 2008, by and among the Agency, the City, Lennar, and
Dolphin (the "Deposit Agreement"). Under the Deposit Agreement at paragraph La.ii,
the Performance Deposit shall be disbursed to Dolphin if prior to September 30, 2008, CP
and Dolphin close an escrow providing for the conveyance to CP of the "Transfer Parcel"
(as defined in Recital H below) and CP conveying to Dolphin the CP Property.
G. WHEREAS, pursuant to the DDA, and DA, and the entitlements
previously issued by the City, a total of thirty-two (32) condominium/casitas units are
required to be developed on the CP Property (the "CP Property Casitas Development').
As of the Effective Date, no condominium/casitas units have been developed on the CP
Property.
H. WHEREAS, Dolphin and CP have entered into mutual exchange
agreements both originally dated as of June 23, 2008, and both subsequently amended on
July 28, 2008, and August 7, 2008 (collectively the "Exchange Agreement") pursuant to
which Dolphin would transfer to CP a portion of the Dolphin Property (the "Transfer
Parcel"), and CP would transfer to Dolphin the entire CP Property. As a closing
condition to the Exchange Agreement, Dolphin is processing through the City, Lot Line
Adjustment No. 2008-495 (the "Lot Line Adjustment") the boundaries of which are
more fully detailed on the proposed certificate for the Lot Line Adjustment attached
hereto and incorporated herein as Exhibit "D". The Lot Line Adjustment would have the
effect of combining all portions of the Dolphin Property (other than the Transfer Parcel)
182/015610-0107
145032 04 09/05/08 -2-
with the CP Property as a single parcel (identified on Exhibit D as Parcel "B") and
establishing the Transfer Parcel as a new parcel (identified on Exhibit D as Parcel "A").
Following the City's approval of the Lot Line Adjustment, legal descriptions for the
Transfer Parcel (i.e., Parcel "A" on Exhibit D) and the combined Dolphin Property
(excepting the Transfer Parcel) with the CP Property (i.e., Parcel "B" on Exhibit D) shall
be substantially in the form reflected on attached and incorporated Exhibit "E",
respectively.
I. WHEREAS, the portion of the Dolphin Property Casitas Development
required to be constructed on the Transfer Parcel (the "Transfer Parcel Casitas
Development") includes the required construction of: (i) sixteen (16)
condominium/casitas units, (ii) parking, and (iii) associated amenities. As of the
Effective Date, on the Transfer Parcel four (4) condominium/casitas units have been
almost completely constructed by Lennar but none of such units have been issued
certificates of occupancy, and construction of the required parking and associated
amenities has not yet commenced.
J. WHEREAS, upon the closing under the Exchange Agreement (i) Dolphin
desires to transfer and assign to CP the Transfer Parcel, and concurrently therewith, to
transfer and assign to CP all of Dolphin's rights and responsibilities under the DDA and
the DA with respect to the Transfer Parcel and the Transfer Parcel Casitas Development;
and (ii) CP desires to transfer and assign to Dolphin the CP Property, and concurrently
therewith, to transfer and assign to Dolphin all of CP's rights and responsibilities under
the DDA and the DA with respect to the CP Property and the CP Property Casitas
Development.
K. WHEREAS, the Agency and the City require Dolphin and CP execute this
Assignment to memorialize acknowledgement of the rights and development obligations
I
f the Dolphin Property and the CP Property as further detailed in the DDA and DA and
to provide for the assumption of such obligations.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:
1. Dolphin Transfer to CP.
a. Dolphin hereby assigns to CP all of Dolphin's rights and responsibilities
under the terms of the DDA and the DA with respect to the Transfer
Parcel and the Transfer Parcel Casitas Development from and after the
"Effective Date" (as that term is defined in Section 4 below) of this
Assignment.
b. CP hereby accepts the foregoing assignment and agrees to be bound by the
terms of the DDA and the DA with respect to the Transfer Parcel and the
Transfer Parcel Casitas Development from and after the Effective Date.
882/015610-0107
945032 04 a09/05/08 -3-
c. The parties hereto acknowledge and agree that CP shall not be responsible
for any of the obligations of the DDA or the DA which arise from
ownership of the Transfer Parcel existing prior to the Effective Date
hereof. As such, a default by Dolphin under either the DDA or the DA
with respect to the Transfer Parcel prior to the Effective Date hereof shall
not be deemed a default by CP, and Dolphin shall indemnify, defend and
hold harmless CP from any and all losses, claims or liability, including
without limitation reasonable attorneys' fees and costs, arising from any
such default by Dolphin. A default by CP under either the DDA or the
DA with respect to the Transfer Parcel after the Effective Date hereof shall
not be deemed a default by Dolphin, and CP shall indemnify, defend and
hold harmless Dolphin from any and all losses, claims or liability,
including without limitation reasonable attorneys' fees and costs, arising
from any such default by CP.
2. CP Transfer to Dolphin.
a. CP hereby assigns to Dolphin all of CP's rights and responsibilities under
the terms of the DDA and the DA with respect to the CP Property and the
CP Property Casitas Development from and after the Effective Date of this
Assignment.
b. Dolphin hereby accepts the foregoing assignment and agrees to be bound
by the terms of the DDA and the DA with respect to the CP Property and
the CP Property Casitas Development from and after the Effective Date.
c. The parties hereto acknowledge and agree that Dolphin shall not be
responsible for any of the obligations of the DDA or the DA which arise
from ownership of the CP Property existing prior to the Effective Date
hereof. As such, a default by CP under either the DDA or the DA with
respect to the CP Property prior to the Effective Date hereof shall not be
deemed a default by Dolphin, and CP shall indemnify, defend and hold
harmless Dolphin from any and all losses, claims or liability, including
without limitation reasonable attorneys' fees and costs, arising from any
such default by CP. A default by Dolphin under either the DDA or the
DA with respect to the CP Property after the Effective Date hereof shall
not be deemed a default by CP, and Dolphin shall indemnify, defend and
hold harmless CP from any and all losses, claims or liability, including
without limitation reasonable attorneys' fees and costs, arising from any
such default by Dolphin.
3. Requirement for Amendments to DDA DA and Center Point Specific Plan. CP
acknowledges and agrees that prior to CP commencing any development on the
Transfer Parcel CP shall be required to process through the City amendments to
the DDA, DA, and Center Point Specific Plan (SP2001-055) that permit the
development contemplated on the Transfer Parcel by CP. Dolphin acknowledges
882/01561M107 945032 04.09/05/08 _ e 4-
and agrees that prior to Dolphin commencing any development on the CP
Property Dolphin shall be required to process through the City amendments to the
DDA, DA, and Center Point Specific Plan (SP2001-055) that permit the
development contemplated on the CP Property by Dolphin.
4. Effective Date. This Assignment shall be deemed effective (the "Effective
Date") upon the last of the following events to occur: (a) the written consent to
this Assignment by the City with respect to the assigned rights and obligations
arising under the DA, (b) the written consent to this Assignment by the Agency
with respect to the assigned rights and obligations arising under the DDA, (c)
conveyance of the CP Property to Dolphin and the Transfer Parcel to CP at the
closing under the Exchange Agreement, as evidenced by the recording of the
grant deeds therefor in the Official Records of the County Recorder for the
County of Riverside, California and (d) the recordation of the Lot Line
Adjustment in the Official Records of the County of Riverside.
5. Recording of Documents. This Assignment and four (4) other documents are to
be recorded in the Official Records of the County Recorder for the County of
Riverside, California at the closing as further detailed in the Exchange
Agreement. The order and description of documents to be recorded pursuant to
the Exchange Agreement are: (a) first, a grant deed from CP to Dolphin
conveying the CP Property; (b) second, the Lot Line Adjustment; (c) third, a grant
deed (e.g., `perfecting' deed) from Dolphin to Dolphin for the entire property
covered by the Lot Line Adjustment (inserting the new lot boundaries into the
chain of title); (d) fourth, a grant deed from Dolphin to CP conveying the Transfer
Parcel; and (e) fifth, this Assignment. Upon completion of steps one through four
[(a)-(d)] herein, escrow will be in a position to disburse the Performance Deposit
to Dolphin. Notwithstanding the foregoing, in the event that the fully executed
and notarized deeds described herein (collectively "Deeds") are tendered to
escrow prior to September 30, 2008, to be held in trust for recording pursuant to
the Exchange Agreement, but escrow is not in a position to close prior to
September 30, 2008 due to either (i) a cause that is not the fault of Dolphin and is
beyond Dolphin's control (such as a backlog or other conditions experienced by
escrow or the County Recorder, but not including Dolphin's or CP's inability or
unwillingness to proceed with the closing), or (ii) the City has delayed the
finalization of the Lot Line Adjustment due to no fault of Dolphin, then escrow
shall be permitted to disburse the Performance Deposit to Dolphin following
recording of the Deeds.
6. Corporate Authority. Except as otherwise described in paragraph 3 above, the
parties hereto each warrant and represent that they have taken all necessary
corporate action to authorize the execution and performance of this Assignment
and that the individuals executing this document on behalf of the parties are
authorized to do so, and by doing so, create binding obligations as described
herein of the party represented.
892/015610-0107 _
945032.04 a09/05/08 _5
Governine Law. This Assignment shall be governed by the internal laws of the
State of California, without regard to conflict of law principles.
8. Counterparts. This Assignment may be executed in counterparts, and counterpart
signature pages may be combined into one or more fully executed original for
recording purposes.
[Signature pages follow]
882/015610-0107
945032 04 a09/05/08 _6.
WHEREFOR, the parties hereto have executed this Assignment on the date first written
above.
"CP„
CP DEVELOPMENT LA QUINTA, LLC
a California limited liability company
By: Oliphant Family Trust
Its: Member
DOCUMENT SIGNED IN COUNTERPARTS
By:
Richard R. Oliphant
Its: Trustee
By: Oliphant Enterprises, Inc.
Its: Manager
M
Its
"Dolphin"
Richard R. Oliphant
President
DOLPHIN LA QUINTA, L
a California limited li bil'
By: Dolphin Part s, Inc
corporation
Its: Manager
By:
Kevin S. tts
Its: Presi t
1821015610-0107 _
145032 04 a09/05/08 _7
State of California )
County of )
On before me, Notary
Public,
(here insert name and title of the officer)
personally appeared
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)
State of California )
County of )
On 9D , before me, ICnA Notary
Public,
` (here insert name and title of the officer)
personally appeared 67� yam I i w9n
who proved to me on the basis of satisfactory evidence to be the personpa whose name
is/are--subscribed to the within instrument, and acknowledged to me that he%heLthey
executed the same in his4wx4heir authorized capacity(ie* and that by his/wn4heic_
signatureo� on the instrument the person or the entity upon behalf of which the
person# 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.
INLM MANY QPAIRM
WITNESS my hand and official seal. Coewnbnon • 117
Signature /�J`� t� f�.�d)Yli �Dae7A3011
(seal)
882/015610-0107 _
945032 04 a09/05/08 _g
WHEREFOR, the parties hereto have executed this Assignment on the date first written
above.
«CP>,
CP DEVELOPMENT LA QUINTA, LLC
a California limited liability company
By: iphant Family
Its: Me er
go
Trustee
Oliphant
By: Oliphant Enterprises, Inc.
Its: Manager f
By: ""m �-
Richard R. Oliphant
Its: President
"Dolphin"
DOLPHIN LA QUINTA, LLC,
a California limited liability company
By: Dolphin Partners, Inc., a California
corporation
Its: Manager
us
DOCUMENT SIGNED IN COUNTERPARTS
Kevin S. Pitts
Its: President
88VOI5610-0107
945032 04 a09/05/08
State of California
County of -JP/s% 2
On BSc pf- 1, a009' , before me, JO; E L• Cox Notary
Public,
(here insert n e and title of the officer)
personally appeared 'R• C{I a ral � a/ e �s=-
who proved to me on the basis of satisfactory evidence to be the person*whose nameK
is/,m& subscribed to the within instrument, and acknowledged to me that helshoAhey
executed the same in his/4efAheir authorized capacity(ies), and that by his/kermleir
signature(s)• on the instrument the person*, or the entity upon behalf of which the
person(a)•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.
JULIE 1. cox
WITNESS my hand and official seal. commlwion • 1730893
WON Public • CallrorMo
Rivenlufe County
COtitR hbl 2D11
Signature
(seal)
State of California )
County of )
On before me, Notary
Public,
(here insert name and title of the officer)
personally appeared
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)
882/015610-0107
945032 04 a09/05/08
CONSENT
By execution below, the Agency and City hereby (i) consent to the foregoing
Assignment; (ii) release CP from any further obligations under the DA or DDA with
respect to the CP Property and the CP Casitas Development; and (iii) release Dolphin
from any further obligations under the DA or DDA with respect to the Transfer Parcel
and the Transfer Parcel Casitas Development. Further, upon recordation in the
Official Records of the County of Orange of (a) the Deeds, and (b) the Lot Line
Adjustment, the City and Agency hereby authorize the disbursement of the
Performance Deposit to Dolphin., Notwithstanding the foregoing, in the event that the
fully executed and notarized Deeds are tendered to escrow prior to September 30,
2008, to be held in trust for recording pursuant to the Exchange Agreement, but
escrow is not in a position to close prior to September 30, 2008 due to either (1) a
cause that is not the fault of Dolphin and is beyond Dolphin's control (such as a
backlog or other conditions experienced by escrow or the County Recorder, but not
including Dolphin's or CP's inability or unwillingness to proceed with the closing),
or (2) the City has delayed the finalization of the Lot Line Adjustment due to no fault
of Dolphin, then escrow shall be permitted to disburse the Performance Deposit to
Dolphin following recording of the Deeds, even if such recording takes place on or
after September 30, 2008. Agency and City agree to provide any additional
authorizations or instructions that may be necessary to facilitate such disbursement.
LA QUINTA REDEVELOPMENT
AGENCY, a public body, corporate and
BYliti�`�
Executive Director
APPROVED AS TO FORM:
RnN & C R, LLP
Agency Counsel a I/
182/015610-0107
14503204
a09/05/08
CITY OF LA QUINTA, a California
municipal corporation and charter city
organized and existing under the laws of
the Stat;e �o.Calilomha
Its: City Manager
T:
City C;Icrke��7
APPROVED AS TO FORM:
RUT N & T C gR, �P
T�g WitAtto ey
U2/015610-0107
945032 04 a09/05/08
T( -4 A•l
r�v
EXHIBIT "A"
LEGAL DESCRIPTION OF THE DOLPHIN PROPERTY
THE LAND SITUATED IN THE STATE OF CALIFORNIA, COUNTY
OF RIVERSIDE, DESCRIBED AS FOLLOWS:
PARCEL 2 OF PARCEL MAP NO. 31116, IN THE CITY OF LA
QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS
SHOWN ON THE PARCEL MAP FILED ON APRIL 4, 2005, IN BOOK
212 OF PARCEL MAPS, AT PAGES 60-66, AS INSTRUMENT NO.
2005-0262238, IN THE OFFICE OF THE COUNTY RECORDER OF
RIVERSIDE COUNTY.
882/015610-0107 -11-
945032 04 a09/05/08
EXHIBIT `B"
LEGAL DESCRIPTION OF CP PROPERTY
THE LAND SITUATED IN THE STATE OF CALIFORNIA, COUNTY
OF RIVERSIDE, DESCRIBED AS FOLLOWS:
PARCEL 3 OF PARCEL MAP NO. 31116, IN THE CITY OF LA
QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS
SHOWN ON THE PARCEL MAP FILED ON APRIL 4, 2005, IN BOOK
212 OF PARCEL MAPS, AT PAGES 60-66, AS INSTRUMENT NO.
2005-0262238, IN THE OFFICE OF THE COUNTY RECORDER OF
RIVERSIDE COUNTY.
882/015610-0109 -12-
945032,04 a09/05/O8
EXHIBIT "C"
BOUNDARY DIAGRAM FROM PARCEL MAP NO.31116
(PAGE 63 OF PARCEL MAP. NO. 31116)
[See following Page]
882/015610-0107 -13-
945032 04 a09/05/O8
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1
Under the provisions of Government Code 27361.7, 1 certify under the penalty of
perjury that the following is a true copy of illegible wording found in the attached
document:
See aCIA
Riverside
Place of Execution :
SPL, Inc. as agent
Sig a e
Date: l 1 016 l6 6
Revised 9/6/06 R.1
DR012 Penal[ Pe RI
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EXHIBIT "D"
EXHIBIT `B'- CERTIFICATE OF LOT LINE ADJUSTMENT NO. 2008-495
CITY OF LA QUINTA, COUNTY OF RIVERSIDE, CALIFORNIA
[See following pages]
88e/015e1am07 15-
945032 04.09/05/08
882/015610-0107 -16-
945032 04 09105/08
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EXHIBIT "E"
LEGAL DESCRIPTIONS FOR NEW PARCELS "A" AND `B"
(EXHIBIT `A' - LOT LINE ADJUSTMENT NO. 2008-495)
CITY OF LA QUINTA, COUNTY OF RIVERSIDE, CALIFORNIA
[See following pages]
882/015610-0107 - I g-
945032 04.09/05/08
EXHIBIT "A %
LOT LINE ADJUSTMENT
NO. 2008 - 495
PARCEL "A":
IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, THAT PORTION OF PARCEL 2 OF PARCEL MAP NO. 31116, AS
SHOWN BY MAP ON FILE IN BOOK 212, AT PAGES 60 THROUGH 66,
INCLUSIVE, OF PARCEL MAPS, OFFICIAL RECORDS OF SAID RIVERSIDE
COUNTY, ALSO BEING IN THE SOUTH HALF OF SECTION 19, TOWNSHIP 5
SOUTH, RANGE 7 EAST, S.B.M., MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF SAID PARCEL 2;
THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 2 THE
FOLLOWING THREE (3) COURSES:
(1) THENCE NORTH 88-08'53" EAST A DISTANCE OF 203.25 FEET;
(2) THENCE NORTH 89'31'23" EAST A DISTANCE OF 124.81 FEET;
(3) THENCE NORTH 89-33'22" EAST A DISTANCE OF 220.92 FEET;
THENCE LEAVING SAID NORTHERLY LINE SOUTH 19'25'33" EAST A
DISTANCE OF 64.30 FEET;
THENCE SOUTH 14'33'39" WEST A DISTANCE OF 67.86 FEET;
THENCE NORTH 75'26'21" WEST A DISTANCE OF 24.01 FEET;
THENCE SOUTH 14'33'39" WEST A DISTANCE OF 42.63 FEET TO AN ANGLE
POINT ON THE WESTERLY LINE OF SAID PARCEL 2, ALSO BEING THE
NORTHEAST CORNER OF PARCEL 4 OF SAID PARCEL MAP NO.31116;
THENCE ALONG SAID WESTERLY LINE OF PARCEL 2 THE FOLLOWING
SIX (6) COURSES:
(1) THENCE NORTH 78'2V24" WEST A DISTANCE OF 179.86 FEET;
(2) THENCE SOUTH 71-26'37" WEST A DISTANCE OF 51.11 FEET;
(3) THENCE SOUTH 57'38'20" WEST A DISTANCE OF 203.09 FEET;
(4) THENCE SOUTH 53-12'25" WEST A DISTANCE OF 88.76 FEET TO THE
BEGINNING OF A NON -TANGENT CURVE, CONCAVE SOUTHWESTERLY,
HAVING A RADIUS OF 2,114.98 FEET, A RADIAL LINE PASSING THROUGH
SAID POINT BEARS NORTH 53044'23" EAST;
PAGE 1 OF 5
882/015610-0107 -19-
945032 04 a09/05/08
EXHIBIT "A"
LOT LINE ADJUSTMENT
NO. 2008 - 495
(5) THENCE ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL
ANGLE OF 02014'19", AN ARC DISTANCE OF 82.64 FEET;
(6) THENCE NON -TANGENT TO SAID CURVE NORTH 00"26'38" WEST A
DISTANCE OF 228.66 FEET TO THE POINT OF BEGINNING.
SUBJECT TO EXISTING EASEMENTS, COVENANTS, RIGHTS AND RIGHTS -
OF -WAY OF RECORD.
CONTAINING 102,610 SQUARE FEET P��A
OR 2.353 ACRES, MORE OR LESS. �pN„�` g,
r %e.p eoi8010e I
Z�OF CAS&
PAGE 2 OF 5
882/015610-0107 -20_
945032 04 a09/05/08
EXHIBIT "A"
LOT LINE ADJUSTMENT
NO. 2008 - 495
PARCEL "B":
IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, THAT PORTION OF PARCEL 2 TOGETHER WITH PARCEL 3 OF
PARCEL MAP NO. 31116, AS SHOWN BY MAP ON FILE IN BOOK 212, AT
PAGES 60 THROUGH 66, INCLUSIVE, OF PARCEL MAPS, OFFICIAL
RECORDS OF SAID RIVERSIDE COUNTY, ALSO BEING IN THE SOUTH HALF
OF SECTION 19, TOWNSHIP 5 SOUTH, RANGE 7 EAST, S.B.M., MORE
PARTICULARLY DESCRIBED AS A WHOLE AS FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF SAID PARCEL 2;
THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 2 THE
FOLLOWING THREE (3) COURSES:
(1) THENCE NORTH 88"08'53" EAST A DISTANCE OF 203.25 FEET;
(2) THENCE NORTH 89-31'23- EAST A DISTANCE OF 124.81 FEET;
(3)THENCE NORTH 89"33'22" EAST A DISTANCE OF 220.92 FEET TO THE
TRUE POINT OF BEGINNING;
THENCE LEAVING SAID NORTHERLY LINE SOUTH 19*25133" EAST A
DISTANCE OF 64.30 FEET;
THENCE SOUTH 14"33'39" WEST A DISTANCE OF 67.86 FEET;
THENCE NORTH 75"26'21" WEST A DISTANCE OF 24.01 FEET;
THENCE SOUTH 14"33'39" WEST A DISTANCE OF 42.63 FEET TO AN ANGLE
POINT ON THE WESTERLY LINE OF SAID PARCEL 2, ALSO BEING THE
NORTHEAST CORNER OF PARCEL 4 OF SAID PARCEL MAP NO. 31116;
THENCE ALONG SAID WESTERLY LINE OF PARCEL 2 THE FOLLOWING SIX
(6) COURSES:
(1) THENCE SOUTH 11°33'36" WEST A DISTANCE OF 149.37 FEET TO THE
BEGINNING OF A NON -TANGENT CURVE, CONCAVE SOUTHEASTERLY,
HAVING A RADIUS OF 139.50 FEET, A RADIAL LINE PASSING THROUGH
SAID POINT BEARS NORTH 20"15'25" WEST;
(2) THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE,
THROUGH A CENTRAL ANGLE OF 64"48'59", AN ARC DISTANCE OF 157.81
FEET;
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945032 04 "09105108
EXHIBIT "A"
LOT LINE ADJUSTMENT
NO. 2008.495
(3) THENCE SOUTH 27"44'50" WEST A DISTANCE OF 60.73 FEET;
(4) THENCE SOUTH 62-15-10' EAST A DISTANCE OF 107.46 FEET;
(5) THENCE NORTH 60°31'08" EAST A DISTANCE OF 43.96 FEET;
(6) THENCE SOUTH 29"40'27" EAST A DISTANCE OF 36.75 FEET TO THE
SOUTHERLY LINE OF SAID PARCEL 2 AND THE BEGINNING OF A NON -
TANGENT CURVE, CONCAVE SOUTHERLY, HAVING A RADIUS OF 890.00
FEET, A RADIAL LINE PASSING THROUGH SAID POINT BEARS NORTH
26035'27" WEST;
THENCE LEAVING SAID WESTERLY LINE AND ALONG THE SOUTHERLY
AND SOUTHEASTERLY LINES OF SAID PARCELS 2 AND 3 THE FOLLOWING
FOUR (4) COURSES:
(1) THENCE EASTERLY ALONG THE ARC OF SAID CURVE, THROUGH A
CENTRAL ANGLE OF 19"00'25", AN ARC DISTANCE OF 295.24 FEET TO THE
BEGINNING OF A REVERSE CURVE, CONCAVE NORTHERLY, HAVING A
RADIUS OF 760.00 FEET, A RADIAL LINE PASSING THROUGH SAID POINT
BEARS SOUTH 07035'02" EAST;
(2) THENCE EASTERLY ALONG THE ARC OF SAID CURVE, THROUGH A
CENTRAL ANGLE OF 17'36'50", AN ARC DISTANCE OF 233.64 FEET TO THE
BEGINNING OF A COMPOUND CURVE, CONCAVE NORTHWESTERLY,
HAVING A RADIUS OF 360.00 FEET, A RADIAL LINE PASSING THROUGH
SAID POINT BEARS SOUTH 25°11'52" EAST;
(3) THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE,
THROUGH A CENTRAL ANGLE OF 65`14'46", AN ARC DISTANCE OF 409.95
FEET;
(4) THENCE NORTH 00"26'38" WEST A DISTANCE OF 90.92 FEET TO A
POINT IN THE NORTHERLY LINE OF SAID PARCEL 3;
THENCE LEAVING SAID SOUTHEASTERLY LINE NORTH 45"26'38" WEST
ALONG SAID NORTHERLY LINE A DISTANCE OF 4.24 FEET;
THENCE CONTINUING ALONG SAID NORTHERLY LINES OF PARCEL 3 AND
PARCEL 2 SOUTH 89°33'22" WEST A DISTANCE OF 733.35 FEET TO THE
TRUE POINT OF BEGINNING.
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882/015610-0107 -22-
945032 04 "09/05/08
EXHIBIT "A"
LOT LINE ADJUSTMENT
NO. 2008 - 495
SUBJECT TO EXISTING EASEMENTS, COVENANTS, RIGHTS AND RIGHTS -
OF -WAY OF RECORD.
CONTAINING 367,958 SQUARE FEET oNP� LAAO
OR 8.447 ACRES, MORE OR LESS. ��
R
:% • , n
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