2025-12-01 Bravo Estates - Assignment & Assumption Agmt DOC # 2025-0372168RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of La Quinta
Attn: City Clerk
La Quinta City Hall
78-495 Calle Tampico
La Quinta, CA 92253
No Recording Fee (Government Code Sections 6103 and 27383)
DOC # 2025-0372168
12/01/2025 10:37 AM Fees: $119.00
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 for recording"
Receipted by: ALEJANDRA#1032
ASSIGNMENT AND ASSUMPTION
OF DEVELOPMENT AGREEMENT
AND
CANCELLATION AND TERMINATION OF
ERRONEOUSLY RECORDED
ASSIGNMENT AND ASSUMPTION INSTRUMENT
(Lots 1 through 14 and Lettered Lots A and C through G of Tract Map No. 31852)
This Assignment and Assumption of Development Agreement and Cancellation and Termination
of Erroneously Recorded Assignment and Assumption Instrument (this "Assignment and
Assumption") is made and entered into as of November 25 , 2025 by and between the DESERT
LUXURY PROPERTIES LLC, a California limited liability company ("Assignor") and BRAVO
ESTATES LLC, a California limited liability company ("Assignee"). The Assignor and Assignee
are individually referred to herein as a "Party" and collectively referred to as the "Parties."
RECITALS
This Assignment and Amendment is made and entered into with regard to the following facts, each
of which is acknowledged as true and correct by the Parties:
A. The City of La Quinta (`City") and Assignor entered into a development agreement
on or about February 4, 2025 (the "Development Agreement"). The Development Agreement was
recorded in the Official Records of Riverside County, California on March 6, 2025, as Instrument
No. 2025-0067601. The Development Agreement runs with the land and touches and concerns
that certain real property in the City of La Quinta, more particularly described in Exhibit A
attached to this Assignment and Assumption and incorporated herein by this reference (the
"Property"). The Development Agreement is incorporated herein by this reference.
B. On or about August 29, 2025 (the "Acquisition Date"), Assignee acquired title to
the Property.
C. Assignor, as "Developer," has the right to transfer or assign all of its interests, rights
or obligations under the Development Agreement to an Affiliated Party without prior approval of
DOC #2025-0372168 Page 2 of 7
the City, as more specifically described in Section 1.8.3 of the Development Agreement.
"Affiliated Party" is defined in Section 1.1.1 of the Development Agreement to mean "(i) any
person or entity that directly or indirectly owns or has voting or management rights of Developer
or its members or managers, or (ii) any entity that is directly or indirectly owned, controlled or
managed by Developer or its members or managers, or such members' or managers' shareholders."
D. Assignor represents and warrants, upon which the City materially relies, that
Assignee meets the definition of "Affiliated Party", as Assignee is owned and managed by the sole
member and manager of Assignor.
E. Assignor now desires to assign and delegate, and Assignee desires to accept and
assume, all of Assignor's rights and obligations under the Development Agreement in accordance
with the terms and conditions set forth herein.
F. Assignor and Assignee also desire to terminate and cancel that certain Assignment
and Assumption of Development Agreement affecting the Property that was erroneously recorded
in the Official Records of Riverside County, California on August 29, 2025, as Instrument No.
2025-0267206 (the "Erroneous Assignment and Assumption") as set forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises and covenants herein
contained and other valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the Parties hereto agree as follows:
1. The foregoing recitals are hereby incorporated into this Assignment and Assumption by
this reference.
2. Where the term "Developer" is used in the Development Agreement, the term shall refer
to Assignee with respect to the rights and obligations assigned hereby from and after the
Acquisition Date.
3. The address of Assignee is 72877 Dinah Shore Dr., Ste 103, Rancho Mirage, California
Atten: Claudio Bravo, Email: claudiobravoerazo@gmail.com.
4. Assignor hereby assigns and delegates to Assignee all rights, interests and obligations of
the Developer arising from and related to the Development Agreement from and after the
Acquisition Date, and Assignee hereby accepts and assumes all such rights, interests and
obligations arising from and related to the Development Agreement with respect to the Property
from and after the Acquisition Date, and agrees to render performance of all Developer duties and
obligations with respect to the Property in accordance with the Development Agreement.
5. The Erroneous Assignment and Assumption is hereby cancelled, terminated and
superseded by this Assignment and Assumption.
DOC #2025-0372168 Page 3 of 7
6. The person(s) executing this Assignment and Assumption on behalf of each Party each
warrant and represent that he or she has the authority to execute this Assignment and Assumption
on behalf of that Party.
7. The laws of the State of California shall govern this Assignment and Assumption and all
matters relating to it, and the venue of any action brought relating to this Assignment and
Assumption shall be in a state court in the County of Riverside, California.
8. In the event any party hereto brings an action or proceeding to enforce or interpret this
Assignment and Assumption, the prevailing party or parties shall be entitled to an award of
reasonable attorneys' fees and costs.
9. This Assignment and Assumption may be executed in several counterparts, each of which
shall constitute one and the same instrument and shall be binding upon the Parties.
(Signatures on next page)
DOC #2025-0372168 Page 4 of 7
IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment and
Assumption as of the date first above written.
DESERT LUXURY PROPERTIES LLC.,
a California limited liability company ("Assignor")
By: _
Clravo, Manager
BRAVO ESTATES LLC,
a California limited liability company ("Assignee")
By:
Clau B o, Manager
DOC #2025-0372168 Page 5 of 7
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.
NOTARY ACKNOWLEDGMENT
STATE OF
COUNTY OF Vof.5 t e-
On 11 2 ZS , before me, vek 6Aiddik ,
Notary Public, ersonally appeared Claudio Br vo, 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 a and fficia seal.
�r Yvette
t� COMM. # 2526944 y
NOTARY PUBLIC • CAUFORA (p
(0 NIRIVERSIDE COUNTY 0
Q }'� My Commission Expires W
K' July 13, 2029 S ignature
eal)
DOC #2025-0372168 Page 6 of 7
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.
NOTARY ACKNOWLEDGMENT
STATE OF
COUNTY OFJ,,�WC, i Cf e--
On 10 X s 2S before me, Ve f e M4qld I` ,
Notary Public, personally appeared Claudio Br vo, 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 hid official seal.
Yvette Mauldin
COMM. # 2526944 D
V_.d NOTARY PUBLIC • CALIFORNIA n Signature
N { VE IDE COUNTY CA)
(N ission Expires
July 13, 2029
DOC #2025-0372168 Page 7 of 7
EXHIBIT A
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF LA
QUINTA, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AND IS
DESCRIBED AS FOLLOWS:
PARCELI:
LOTS 1 THROUGH 14, INCLUSIVE OF TRACT NO. 31852, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN
BOOK 402, PAGES 38 THROUGH 41, INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE
COUNTY, CALIFORNIA.
PARCEL 2:
AN EASEMENT FOR "PRIVATE USE" FOR THE SOLE BENEFIT OF THE LOT
OWNER(S) AND INDICATED AS "PRIVATE STREET" OVER LOT "A" OF TRACT NO.
31852, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 402, PAGES 38 THROUGH 41,
INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
PARCEL 3:
AN EASEMENT FOR "PRIVATE USE" FOR THE SOLE BENEFIT OF THE LOT
OWNER(S) AND INDICATED AS "LANDSCAPE" OVER LOTS "C" THROUGH "F" OF
TRACT NO. 31852, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 402, PAGES 38 THROUGH 41,
INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
AN EASEMENT FOR "PRIVATE USE" FOR THE SOLE BENEFIT OF THE LOT
OWNER(S) AND INDICATED AS "DRAINAGE AND RETENTION PURPOSES" OVER
LOT "G" OF TRACT NO. 31852 IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 402, PAGES 38
THROUGH 41, INCLUSIVE OF MAPS, RECORDS OF RIVERSIDE COUNTY,
CALIFORNIA.
APN: 777-470-001 THROUGH 777-470-014