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Kunkle/Montezuma Purchase 03AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY LOCATED ALONG THE WEST LINE OF AVENIDA MONTEZUMA (APNs 773-245-002, 774-020-0039 AND 773-31 1-027), CITY OF LA QUINTA, CALIFORNIA BY AND BETWEEN WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, "SELLER" AND THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION "CITY" TABLE OF CONTENTS 1. Purchase and Sale.................................................................................. 1 2. Purchase Price........................................................................................ 1 3. Payment of Purchase Price...................................................................... 1 4. Escrow...................................................................................................1 5. Close of Escrow..................................................................................... 2 6. Costs and Prorations.............................................................................. 2 7. Conditions of Title.............................................................................. 0.. 2 8. City's Conditions Precedent to Closing ............................ ....................... 3 9. Seller's Conditions Precedent to Closing ................................................. 3 10. Warranties and Representations of Seller ................................................ 3 11. Documents to be Delivered Prior to Close of Escrow ............................... 4 12. Escrow Holder's Instructions.................................................................. 5 13. Title Policy............................................................................................. 5 14. Broker's Commission............................................................................. 5 15. Waiver, Consent and Remedies............................................................... 5 16. Attorney's Fees...................................................................................... 6 17. Notices.................................................................................................. 6 18. Gender and Number............................................................................... 7 19. Entire Agreement................................................................................... 7 20. Captions................................................................................................ 7 21. Governing Law....................................................................................... 7 22. Invalidity of Provision............................................................................. 7 23. Amendments......................................................................................... 7 24. Counterparts......................................................................................... 7 25. Nonliability of City Officials.................................................................... 7 26. Written Notices...................................................................................... 7 27. Exhibits................................................................................................. 8 28. Cooperation on Termination.................................................................. 8 PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS TO: Foresite Escrow Company ("Escrow Holder") 41-995 Boardwalk, Suite G-2 Palm Desert, California 92211-5110 PHONE: (760) 773-5333 FAX: (760) 773-9289 Escrow No. 2-38534 ("Escrow") Escrow Officer: Laine Floan Date of Opening of Escrow: 12/5/02 APN: 773-245-002, 774-020-003, and 773-311-027 Title Order # R-215366-6, R-215368-6 THIS PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS ("Agreement") is made this 29th day of May 2003 ("Effective Date") by and among WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST: AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, ("Seller") and the CITY OF LA QUINTA, a California municipal corporation ("City"), or its nominee. RECITALS A. Seller is the owner of that certain real property located at the northwest corner of Avenida Velasco and Calle Temecula (APN 773-245-002, 774-020-003, and 773-311-027) in the City of La Quinta, County of Riverside, State of California, more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference ("Property"). B. Seller desires to sell the Property to the City in consideration of Two Hundred Ninety Thousand Dollars ($290,000.00). NOW, THEREFORE, in consideration of the foregoing, and the covenants and conditions contained in this Agreement and in the other documents referred to herein, and other valuable consideration, the receipt of which are hereby acknowledged, City and Seller agree: 1. purchase and Sale. Upon all the terms and conditions contained herein, City hereby agrees to purchase the Property from Seller and Seller agrees to sell the Property to City. 2. 'Purchase Price. The purchase price ("Purchase Price") shall be Two Hundred Ninety Thousand Dollars ($290,000.00). 3. Payment of Purchase Price. The entire Purchase Price shall be payable in cash or immediately available funds by the City at Close of Escrow. 4. Escrow. References in this Agreement to the "Opening of Escrow" shall mean the date a copy of this Agreement, signed by all parties, is deposited with Escrow Holder. The Opening of Escrow shall occur within ten (10) business days after the Effective Date of this Agreement ("Opening Deadline"). Escrow Holder will notify all parties when Escrow has opened. If Escrow is not opened by the Opening Deadline, this Agreement shall terminate at the election of any party by delivery of written notice to the other parties and Escrow Holder within five (5) business days after the Opening Deadline. F:\Rsg\LaQuinta\New Recreation Opportunities\Park 06/03/2003 Acquisition Purchase Agreement.DOC By such deposit, Escrow Holder is hereby authorized and instructed to act in accordance with the provisions of this Agreement. City and Seller shall each deposit such other instruments as are reasonably necessary to close Escrow and complete the sale and purchase of the Property in accordance with the terms of this Agreement. The rights and obligations of each party set forth in this Agreement and agreed to be undertaken by each party are made in and under the terms of this Agreement independent of Escrow. The parties shall execute the standard escrow instructions of Escrow Holder (Exhibit "E"). This Agreement will supersede the standard instructions of Escrow Holder executed by City and Seller in the event of any conflict between the instructions and this Agreement. Except as otherwise provided in this Agreement, City shall pay all of the costs and fees of Escrow Holder. 5. Close of Escrow. Escrow shall close on the date hereafter specified by City and Seller but in no event later than June 20, 2003 unless extended by mutual written agreement of the parties. In the event this Escrow is not in a condition to close by June 27, 2003, any party not then in default (if default is the cause of the failure to close Escrow) hereunder may elect to terminate this Agreement and the Escrow by giving written notice of such termination to the other parties and to the Escrow Holder. No such termination shall release any party then in default from liability for such default, including without limitation, the costs of Escrow. If no party so elects to terminate this Agreement and the Escrow, Escrow Holder shall close the Escrow as soon as possible. For purposes of this Agreement, the "Close of Escrow" shall mean the date Seller's Grant Deed, as defined herein, is filed for recordation with the County Recorder of Riverside County, California. costs: 6. Costs and Prorations. In addition to the prices described in paragraph 2 above, City shall pay the following (i) Escrow Holder's fee. (ii) The cost of any documentary transfer taxes on the Grant Deed. (iii) The cost of a premium for a California Land Title Association (CLTA) standard policy of title insurance insuring the Property in the amount of the Purchase Price, together with any endorsements to such policy reasonably requested by City which are agreed to by Seller. (iv) Fees for recording and filing all documents required by this Agreement including the Grant Deed. 7. Condition of Title. Upon transfer of the Property, title to the Property will be conveyed to City in the "Approved Title Condition," which, for purposes of this Agreement, shall mean fee simple title free of all recorded liens, encumbrances, and other exceptions to title, excepting only (i) the lien of current nondelinquent real property taxes and assessments, if any; and (ii) any exceptions to title approved in a writing signed by the City. The obligation of the City to purchase the Property is subject to title to the Property being in the Approved Title Condition. F:\Rsg\LaQuinta\New Recreation Opportunities\Park Acquisition Purchase Agreement.DOC - 2 - 06/03/2003 8. City's Conditions Precedent to Closing. The obligation of City to complete this transaction is subject to and contingent upon the satisfaction of the following conditions prior to the transfer of the Property: a. Seller shall deliver to the City (i) an executed and recordable grant deed sufficient to convey title to City in the form of Exhibit "B" attached hereto and incorporated herein by reference ("Grant Deed"). b. Seller is not in default in any of its obligations under the terms of this Agreement. C. Title Company has committed to deliver to City a CLTA standard coverage owner's policy of title insurance dated as of the date of transfer of Property and approved by City, together with any endorsements to such policy reasonably requested by City and approved by Seller, insuring that title to the Property is vested in City in the Approved Title Condition for the amount of the Purchase Price (the "Title Policy"). d. The soils condition of the Property is acceptable to City, in City's sole and absolute discretion. e. The environmental condition of the Property has been reviewed by City, and any required remedial measures have been completed to the satisfaction of the City, in City's sole and absolute discretion. f. City determines, in its sole and absolute discretion, after performance of feasibility and economic analyses, that the Property is a physically and/or economically feasible site for the development of a neighborhood park. In the event any of the conditions listed in paragraphs a-f above have not been satisfied or waived by the City, in City's sole and absolute discretion, City may terminate this Agreement with no further liability to City hereunder. 9. Seller's Conditions Precedent to Closing. The obligation of Seller to complete the transfer of the Property is subject to and contingent upon the satisfaction of the conditions set forth below at or prior to the transfer of the Property. a. City is not in default in any of its obligations under the terms of this Agreement. In the event the condition listed in paragraph a above has not been satisfied or waived by the Seller, in Seller's sole and absolute discretion, Seller may terminate this Agreement with no further liability to Seller hereunder. 10. Warranties and Representations of Seller. Seller hereby makes the following representations, covenants, and warranties for the benefit of City and City's successors and assigns, and acknowledges that the execution of this Agreement by City has been made, and the acquisition by City of the Property will have been made, in material reliance by City on such covenants, representations, and warranties: a. Seller is the owner of and has the full right, power, and authority to transfer the Property to City as provided herein, and to carry out Seller's obligations hereunder. F:\Rsg\LaQuinta\New Recreation Opportunities\Park _ 3 06/03/2003 Acquisition Purchase Agreement.DOC b. Seller has not been given notice of any condition of the Property which violates applicable laws, regulations, codes, governmental requirements, or covenants, conditions, or restrictions, or of improvements or alterations made to the Property without a permit where one was required, or of any unfulfilled order or directive of any applicable governmental city, or any casualty insurance company that any work of investigation, remediation, repair, maintenance, or improvements is to be performed on the Property. C. To Seller's knowledge, no one will, upon the transfer of Property, have any right to possession of the Property, except as disclosed by this Agreement. d. Seller has no actions, suits, or proceeding pending or threatened before any government department, commission, board, bureau, city, court, or instrumentality that would affect the Property or the right to occupy or utilize the same. f. Neither Seller, nor any Trustor or Trustee of Seller, is the subject of a bankruptcy proceeding, and permission of a bankruptcy court is not necessary for Seller to be able to transfer the Property as provided herein. g. To the best of Seller's knowledge, there are no "Hazardous Materials" or Hazardous Materials contamination on, under, or in the Property. For purposes of this Agreement, the term "Hazardous Materials" includes, without limitation, any material or substance which is (i) defined or listed as a "hazardous waste," extremely hazardous waste," "restrictive hazardous waste" or "hazardous substance" or considered a waste, condition of pollution or nuisance under the Environmental Laws; (ii) petroleum or petroleum product or fraction thereof; (iii) asbestos; and/or (iv) substances known by the State of California to cause cancer and/or reproductive toxicity. The term "Environmental Law" shall mean any federal, state or local law, statute, ordinance or regulation pertaining to health, industrial hygiene or the environmental conditions on, under or about the Property including, without limitation, (i) the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (" CERCLA"), 42 U.S.C. Sections 9601 et seq.; (ii) the Resource Conservation and Recovery Act of 19766 ("RCRA"), 42 U.S.C. Sections 6901 et seq.; (iii) California Health and Safety Code Sections 25100 et seq.; (iv) the Safe Drinking Water and Toxic Enforcement Act of 1986, California Health and Safety Code Section 25249.5 et seq.; (v) the Federal Water Pollution Control Act, 33 U.S.C. Sections 1317 et seq.; (vi) California Water Code Section 1300 et seq.; and (vii) California Civil Code Section 3479 et seq., as such laws are amended and the regulations and administrative codes applicable thereto. It is the intent of the parties hereto to construe the terms "Hazardous Materials" and "Environmental Laws" in their broadest sense. 11. Documents to be Delivered Prior to Close of Escrow. a. Prior to the Close of Escrow, Seller shall deliver the following documents to the City: (i) The Grant Deed, originally executed and acknowledged, attached as Exhibit "B"; (ii) A non -foreign affidavit ("Non -Foreign Affidavit") duly executed and in the form of Exhibit "C" attached hereto and made a part hereof. F:\Rsg\LaQuinta\New Recreation Opportunities\Park Acquisition Purchase Agreement.DOC -4 - 06/03/2003 b. Prior to the transfer of the Property, City shall deposit, on behalf of City, with the Title Company, the following: (i) Such funds and documents as are necessary to comply with City's obligations under this Agreement. (ii) The Title Company fees in immediately available funds. (iii) The Deed Acceptance originally executed and in the form of Exhibit "D", attached hereto and made a part hereof. (iv) Such other funds and documents as are necessary to comply with City's obligations under this Agreement. 12. Escrow Holder's Instructions. At such time as (i) the conditions precedent to Close of Escrow described in Sections 8 and 9 above have been satisfied or waived, (ii) Title Company is prepared to issue the Title Policy descried in Section 13 below, and (iii) Escrow Holder has received the documents and funds specified in Section 11 above, Escrow Holder shall: a. Record in the Office of the County Recorder of Riverside County, California, the Grant Deed (Exhibit "B"). b. j Deliver to Seller funds in the amount of the Purchase Price. C. Deliver to City the Non -Foreign Affidavit, attached as Exhibit "C". Title Company shall issue to the City 13. Tit a Insurance Polic Upon Close of Escrow, the t e p y the Title Policy. { 14. Broker's Commission. City and Seller represent to each other that neither City nor Seller has employed any broker and/or finder to represent its interest in this transaction. Each party agrees to indemnify and hold the other free and harmless from and against any and all liability, loss, cost, or expense (including court costs and reasonable attorney's fees) in any manner connected with a claim asserted by any individual or entity for any commission or finder's fee in connection with the conveyance of the Property arising out of agreements by the indemnifying party to pay any commission or finder's fee. 15. 'Waiver. Consent. and Remedies. Each provision of this Agreement to be performed by City and Seller shall be deemed both a covenant and a condition and shall be a material consideration for Seller's and City's performance hereunder, as appropriate, and any breach thereof by City or Seller shall be deemed a material default hereunder. Either party may specifically and expressly waive, in writing, any portion of this Agreement or any breach thereof, but no such waiver shall constitute a further or continuing waiver of a preceding or succeeding breach of the same or any other provision. A waiving parry may, at any time thereafter, require further compliance by the other party with any breach or provision so waived unless under this Agreement waiver constitutes acceptance. The consent by one party to any act by the other for which such consent was required shall not be deemed to imply consent or waiver of the necessity of obtaining such consent for the same or any similar acts in the future. No waiver or consent shall be implied from silence or any failure of a party to act, except as otherwise specified in this Agreement. All rights, remedies, undertaking, obligations, options, covenants, conditions, and agreements contained in this Agreement shall be cumulative, and no one of them shall be exclusive of F:\Rsg\LaQuinta\New Recreation Opportunities\Park . 5. 06/03/2003 Acquisition Purchase Agreement.DOC any other. Either party hereto may pursue any one or more of its rights, options, or remedies hereunder, or may seek damages in the event of the other party's breach hereunder, or may pursue any other remedy at law or equity, whether or not stated in this Agreement. 16. Attorneys' Fees. In the event of any declaratory or other legal or equitable action, instituted between Seller and City in connection with this Agreement, then as between City and Seller, the prevailing party shall be entitled to recover from the losing party all of its costs and expenses, including court costs, reasonable attorneys' fees and expert witness fees, and all fees, costs, and expenses incurred on any appeal or in collection of any judgment. 17. Notices. Any notice, request, demand, consent, approval, or other communication required or permitted hereunder or by law shall be validly given or made only if in writing and delivered in person to an officer or duly authorized representative of the other party or forty-eight (48) hours after deposit in the United States mail, duly certified or registered (return receipt requested), postage prepaid, and addressed to the party for whom intended, as follows: If to Seller: A&M Partners Attn: Manuel Abarca P. O. Box 366 La Quinta, CA 92253 (760) 5644832 William D. Calkins and Lynn R. Kunkle, Co - Conservators Estate of Charles Brian Murphy c/o David J. Erwin Best Best & Krieger LLP P. O. Box 13650 Palm Desert, CA 92255 (760) 340-6698 Lynn R. Kunkle P. O. Box 3121 Del Mar, CA 92014 If to City: City of La Quinta 78-495 Calle Tampico La Quinta, California 92253 Attention: City Manager PHONE: (760) 777-7100 FAX: (760) 777-7101 Copy to: Rosenow Spevacek Group, Inc. 540 North Golden Circle, Suite 305 Santa Ana, California 92705 Attention: Frank J. Spevacek PHONE: (714) 541-4585, ext. 2366 FAX: (714) 836-1748 Copy to: Ms. Kathy Jensen Rutan & Tucker 611 Anton Boulevard, Suite 1400 P.O. Box 1950 Costa Mesa, California 92628 F:\Rsg\LaQuinta\New Recreation Opportunities\Park Acquisition Purchase Agreement.DOC - 6 - 06/03/2003 Any party may from time to time, by written notice to the other, designate a different address which shall be substituted for the address specified above. If any notice or other document is sent by mail as aforesaid, the same shall be deemed fully delivered and received forty-eight (48) hours after mailing as provided above. 18. Gender and Number. In this Agreement (unless the context requires otherwise), the masculine, feminine, and neuter genders and the singular and the plural shall be deemed to include one another, as appropriate. 19. Entire Agreement. This Agreement and its exhibits constitute the entire agreement between the parties hereto pertaining to the subject matter hereof, and the final, complete, and exclusive expression of the terms and conditions thereof. All prior agreements, representations, negotiations, and understandings of the parties hereto, oral or written, expressed or implied, are hereby superseded and merged herein. 20. Captions. The captions used herein are for convenience only and are not a part of this Agreement and do not in any way limit or amplify the terms and provisions hereof. 21. Governing Law. This Agreement and the exhibits attached hereto have been negotiated and executed in the State of California and shall be governed by and construed under the laws of the State of California. Any actions brought to enforce this Agreement shall be brought in an appropriate court in Riverside County, California. 22. Invalidity of Provision. If any provision of this Agreement, as applied to any party or to any circumstance, shall be adjudged by a court of competent jurisdiction to be void or unenforceable for any reason, the same shall in no way affect (to the maximum extent permissible by law) any other provision of this Agreement, the application of any such provision under circumstances .different from those adjudicated by the court, or the validity or enforceability of this Agreement as a whole. 23. Amendments. No addition to or modification of any provision contained in this Agreement shall be effective unless fully set forth in writing by City and Seller. 24. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute but one and the same instrument. 25. Nonliability of City Officials. No officer, official, member, employee, agent, or representatives of City shall be liable for any amounts due hereunder, and no judgment or execution thereon entered in any action hereon shall be personally enforced against any such officer, official, member, employee, agent, or representative. 26. 'Written Notices. In all cases provided for in this Agreement in which a party is permitted or required to give notice, or to exercise a right or option, including a termination right, then the notice must be in writing and the exercise of the right or option must be in writing. F:\Rsg\L&Quinta\New Recreation Opportunities\Park Acquisition Purchase Agreement.DOC - 7 - 06/03/2003 27. Exhibits. The following exhibits are attached hereto and incorporated herein by this reference: Exhibit "A" Legal Description Exhibit "B" Grant Deed Exhibit "C" Non -Foreign Transferor Declaration Exhibit "D" Deed Acceptance Exhibit "E" Escrow General Provisions 28. Cooperation on Termination. Upon any termination of this Agreement, each party will cooperation with the other to execute, deliver, and/or acknowledge any and all such documents and instruments as may be reasonably requested by the other party to evidence termination of this Agreement. [Signatures on next page] F:\Rsg\LaQuinta\New Recreation Opportunities\Park O Acquisition Purchase Agrieement.DOC - 8 - 06/03/2003 IN WITNESS WHEREOF, the parties have executed this Agreement on the respective dates set forth below, the latest of which shall be inserted into the preamble of this Agreement. ATTEST: /'ZA 1 a3 Date �Amrr o / APPROVED AS TO FORM: ///'7), //�� A . .... 7 '00/ City Attor y 1z Date Date Date CITY: CITY OF LA QUINTA, a California municipal corporation City Manager SELLER: WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, f A a BY: BY: F:\Rsg\LaQuinta\New Recreation Opportunities\Park Acquisition Purchase Agreement.DOC - 9 - 06/03/2003 EXHIBIT LEGAL DESCRIPTION THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF RIVERSIDE AND IS DESCRIBED AS FOLLOWS: THAT PORTION OF THE WEST HALF OF SECTION 12, TOWNSHIP 6 SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE AND MERIDIAN,, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF CALLE DURANGO AND AVENIDA MONTEZUMA OF UNIT NO. 3 OF SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 18, PAGE 59 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE ALONG THE CENTERLINE OF AVENIDA MONTEZUMA, SOUTH 19° 28-3/8' EAST, 1.399.74 FEET; THENCE SOUTH 170 33' 01" EAST, 421.33 FEET TO THE TRUE POINT OF BEGINNING, SAID POINT ON THE WEST HALF OF LOT N OF UNIT NO. 17, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 20 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, SAID POINT ON A NONTANGENT CURVE, THE CENTER OF WHICH LIES SOUTH 78° 17' 44" WEST, 1,540.15 FEET; THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 1,220.35 FEET; THENCE SOUTH 33° 41' 39" WEST, 489.20 FEET TO A POINT ON A CURVE, CONCAVE TO THE EAST, HAVING A RADIUS OF 1,543.45 FEET; THENCE SOUTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 47° 05' 48", A DISTANCE OF 1,268.71 FEET; THENCE SOUTH 130 24' 11" EAST, 791.42 FEET TO THE SOUTH LINE OF SAID SECTION 12; THENCE SOUTH 89-, 55' 53" EAST, 80.18 FEET ALONG SAID SOUTH LINE OF SECTION 12 TO THE WEST LINE OF LOT Q OF UNIT NO. 19, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 34 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTHERLY ALONG SAID WEST LINE OF LOT Q TO THE SOUTHWEST CORNER OF LOT O OF UNIT NO. 18, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK .19, PAGE 31 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTHERLY ALONG THE WEST LINE OF SAID LOT O TO THE SOUTHEAST CORNER OF LOT N OF UNIT NO. 17, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 20 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTH 89° 59' 00" WEST, 174.46 FEET ALONG THE SOUTH LINE OF SAID LOT N TO THE SOUTHWEST CORNER THEREOF; THENCE NORTHERLY ALONG THE WEST LINE OF "N" TO THE TRUE POINT OF BEGINNING. LOT N OF UNIT NO 17 OF SANTA CARMELITA AT VALE LA QUINTA, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGES 19 AND 20, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; EXCEPTING THAT PORTION OF SAID LOT N DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT N; THENCE SOUTH 89° 57' 15" WEST, 193.87 FEET ALONG THE NORTH LINE OF LOT N TO THE NORTHWEST CORNER THEREOF; THENCE SOUTH 390 21' 30" EAST, 475.56 FEET ALONG THE WEST LINE OF SAID LOT N TO THE BEGINNING OF A CURVE, CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 800.00 FEET; THENCE SOUTHERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 03° 04' 09" A DISTANCE OF 42.85 FEET TO A POINT OF A CUSP WITH A CURVE HAVING A RADIAL LINE OF NORTH 780 17' 44" EAST, CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 1,540.15 FEET; THENCE NORTHERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 07, 46' 06" A DISTANCE OF 208.82 FEET; THENCE NORTH 19° 28' 22" WEST, 196.96 FEET TO A POINT ON THE EAST'LINE OF SAID LOT N; THENCE NORTH 390 21' 30" WEST, 19.44 FEET ALONG SAID EAST LINE OF LOT N TO THE POINT OF BEGINNING F:\Rsg\LaQuinta\New Recreation Opportunities\Park _ 10 _ Q(�03��003 Acquisition Purchase Agreement.DOC RECORDING REQUESTED BY: City of La Quinta WHEN RECORDED MAIL TO: City of La Quinta 78-495 Calle Tampico La Quinta, California 92253 GRANT DEED DOCUMENTARY TRANSFER TAX $0.00 [Exempt from recording fee per Govt. Code 61031 FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA' GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, (collectively, "Seller") hereby GRANT(S) to the CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION all right, title and interest in and to the real property in the City of La Quinta, County of Riverside, State of alifornia, as described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF feller for himself, his heirs, representatives and assigns covenants and warrants that: 1) Seller is the sole owner A the real property conveyed by this Grant Deed free from all liens and encumbrances, and 2) Seller will defend he title and quiet enjoyment of the real property described above against all demands and claims of all persons. )ATE: o, Og � 03 ,ATE: ATE: WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO - CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY. AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTN SHIP, AST A N ED % I VTEREST, BY: BY: chibit B State ofC-vW wM U>►5cofjls* CAPACITY CLAIMED BY SIGNER 0 INDIVIDUALS County of 'tite, ,t' ) O CORPORATE OFFICERS i�ii�� KUR 0 PARTNERS On j V ci � �►,00 3 bef e O ATTORNEY -IN -FACT ersonally appeared '(�fAs, ,personally known to me orw 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, execurbd the instrument WITNESS my hand and official seal. (SEAL) Signature:C ,,-0 g ti4 Print Name Commission ExpiUb 0 TRUSTEE(S) 0 SUBSCRIBING WITNESS GUARDIAN/CONSERVATOR 0 OTHER: SIGNER IS REPRESENTING: f Pew s)„�r Eniiti s State of Califomia) CAPACITY CLAIMED BY SIGNER 0 INDIVIDUALS County of ) 0 CORPORATE OFFICERS 0 PARTNERS On , before me, O ATTORNEY -IN -FACT personally appeared 0 TRUSTEE(S) 0 personally known to me or 0 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/herhheir 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 0 SUBSCRIBING WITNESS 0 GUARDIAN/CONSERVATOR 0 OTHER: SIGNER IS REPRESENTING: WITNESS my hand and official seal. (SEAL) (Name Of Person(s) Or Entities) signature: 'rint Name Commission Expires xhibit B 06/03/2003 EXHIBIT A LEGAL DESCRIPTION THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF RIVERSIDE AND IS DESCRIBED AS FOLLOWS: THAT PORTION OF THE WEST HALF OF SECTION 12, TOWNSHIP 6 SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF CALLE DURANGO AND AVENIDA MONTEZUMA OF UNIT NO. 3 OF SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 18, PAGE 59 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE ALONG THE CENTERLINE OF AVENIDA MONTEZUMA, SOUTH 19° 28-3/8' EAST, 1.399.74 FEET; THENCE SOUTH 170 33' 01" EAST, 421.33 FEET TO THE TRUE POINT OF BEGINNING, SAID POINT ON THE WEST HALF OF LOT N OF UNIT NO. 17, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 20 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. SAID POINT ON A NONTANGENT CURVE, THE CENTER OF WHICH LIES SOUTH 78- 17' 44" WEST, 1,540.15 FEET; THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 1,220.35 FEET; THENCE SOUTH 330 41' 39" WEST, 489.20 FEET TO A POINT ON A CURVE, CONCAVE TO THE EAST, HAVING A RADIUS OF 1,543.45 FEET; THENCE SOUTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 47- 05' 48", A DISTANCE OF 1,268.71 FEET; THENCE SOUTH 130 24' 11" EAST, 791.42 FEET TO THE SOUTH LINE OF SAID SECTION 12; THENCE SOUTH 890, 55' 53" EAST, 80.18 FEET ALONG SAID SOUTH LINE OF SECTION 12 TO THE WEST LINE OF LOT Q OF UNIT NO. 19, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 34 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTHERLY ALONG SAID WEST LINE OF LOT Q TO THE SOUTHWEST CORNER OF LOT O OF UNIT NO. 18, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 31 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTHERLY ALONG THE WEST LINE OF SAID LOT O TO THE SOUTHEAST CORNER OF LOT N OF UNIT NO. 17, SANTA CARMELITA AT VALE LA QUINTA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGE 20 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; THENCE NORTH 89° 59' 00" WEST, 174.46 FEET ALONG THE SOUTH LINE OF SAID LOT N TO THE SOUTHWEST CORNER THEREOF; THENCE NORTHERLY ALONG THE WEST LINE OF "N" TO THE TRUE POINT OF BEGINNING. LOT N OF UNIT NO 17 OF SANTA CARMELITA AT VALE LA QUINTA, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 19, PAGES 19 AND 20, OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; EXCEPTING THAT PORTION OF SAID LOT N DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT N; THENCE SOUTH 890 57' 15" WEST, 193.87 FEET ALONG THE NORTH LINE OF LOT N TO THE NORTHWEST CORNER THEREOF; THENCE SOUTH 390 21' 30" EAST, 475..56 FEET ALONG THE WEST LINE OF SAID LOT N TO THE BEGINNING OF A CURVE, CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 800.00 FEET; THENCE SOUTHERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 03° 04' 09" A DISTANCE OF 42.85 FEET TO A POINT OF A CUSP WITH A CURVE HAVING A RADIAL LINE OF NORTH 780 17' 44" EAST, CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 1,540.15 FEET; THENCE NORTHERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 070 46, 06" A DISTANCE OF 208.82 FEET; THENCE NORTH 190 28' 22" WEST, 196.96 FEET TO A POINT ON THE EAST LINE OF SAID LOT N; THENCE NORTH 39' 21' 30" WEST, 19.44 FEET ALONG SAID EAST LINE OF LOT N TO THE POINT OF BEGINNING Exhibit B 06/03/2003 EXHIBIT "C" Non -Foreign Affidavit Section 1445 of the Internal Revenue Code of 1954, as amended ("Code"), provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required upon the disposition of a U.S. real property interest by WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, the undersigned hereby certifies the following: 1. The Transferor is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined In the Code and the Income Tax Regulations promulgated thereunder); 2. The Transferor's U.S. employer identification number or social security number is ✓ i ; and 3. The Transferor's office address or mailing address is i Y The Transferor understands that this Certification may be disclosed to the Internal Revenue Service by the Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both. Under penalty of perjury we declare that we have examined this Certification and to the best of our knowledge and belief it is true, correct, and complete, and further declare that we have authority to sign this document on behalf of the Transferor. SELLER DATE: ✓ DATE: DATE: WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERS P, AS TO MDIV 509/0 INTEREST BY: BY: BY: Exhibit C EXHIBIT "D" DEED ACCEPTANCE This is to certify that the interest in real property conveyed by the Grant Deed dated May 29, 2003 from WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, ("Seller"), to the City of La Quinta, a California municipal corporation ("City"), is hereby accepted by the undersigned officer of the City on behalf of the City pursuant to authority conferred by Resolution No. 2002-86, adopted by the City Council of the City on June 18, 2002, and the City consents to recordation thereof by its duly authorized officer. Dated: CITY OF LA QUINTA, a California municipal corporation By: City Manager EXHIBIT D -16- EXHIBIT "E" GENERAL PROVISIONS FORESITE ESCROW, INC. 1. Your duty to act as escrow holder shall not commence until these instructions, signed by all parties, are received by you. Until such time either party may unilaterally cancel and, upon written request delivered to you, a party may withdraw funds and documents such party previously handed to you. 2. All funds received in this escrow shall be deposited with a State or National bank with other escrow funds. Make disbursements by your check: checks not presented for payment within six months after date are subject to service charges in accordance with your schedule in effect from time to time. Make all adjustments and prorations on the basis of a 30 day month. "Close of Escrow" as used in this escrow means the date on which documents are recorded, unless otherwise specified. All documents and funds due the respective parties herein are to be mailed to the addresses set out below their respective signatures, unless otherwise instructed. Our signatures on any documents and instructions pertaining to this escrow indicate our unconditional approval of same. Whenever provision is made herein for the payment of any sum, the delivery of any instrument for the performance of any act "outside of escrow," you as escrow holder shall have no responsibility therefore, shall not be concerned therewith and are specifically relived of any obligation relative thereto. You shall not be responsible or liable in any manner for the sufficiency or correctness as to form, manner of execution or validity of any documents deposited in escrow, nor as to the identity, authority or rights of any person executing the same, either as to documents of record or those handled in this escrow. Your duties hereunder shall be limited to the safekeeping of such money and documents received by you as escrow holder, and for the disposition of the same in accordance with the written instructions accepted by you in this escrow. You shall not be required to take any action in connection with the collection, maturity, or apparent outlaw of any obligations deposited in this escrow, unless otherwise instructed. 4. Seller represents and warrants, and you shall be fully protected in assuming that, as to any insurance policy handed you, such policy is in force, has not been hypothecated, and that all necessary premiums therefore, have been paid. You will transmit for assignment any insurance policy handed you for use in this escrow, but you shall not be responsible for verifying the acceptance of the assignment and policy by the insurance company. ESCROW HOLDER WILL MAKE NO ATTEMPT TO VERIFY THE RECEIPT OF THE REQUEST FOR ASSIGNMENT BY THE ISSUING COMPANY. You are hereby placed on notice that if the insurance company should fail to receive said assignment, the issuing company may deny coverage for any loss suffered by Buyer. IT IS THE OBLIGATION OF THE BUYER OR HIS REPRESENTATIVE TO VERIFY THE ACCEPTANCE OF THE ASSIGNMENT OF THE POLICY BY THE ISSUING COMPANY. S. Deliver assurance of title, and insurance policies, if any, to holder of senior encumbrance or his order, or if there be no encumbrances, then to the buyer or his order. 6. In the event that the conditions of this escrow have not been complied with at the expiration of the time provided for herein, or any extension thereof, you are instructed to complete the same at the earliest possible date thereafter, unless we or either of us has made written demand upon you for the return of the money and/or instruments deposited by either of us, in which case you may withhold and stop all further proceedings in this escrow without liability upon your part for interest on funds held or for damages until written mutual cancellation instructions signed by all parties shall have been deposited in the escrow, whereupon this escrow will without further notice be considered terminated. EXHIBIT "E" 06/03/03 I , O 7. NO NOTICE, DEMAND OR CHANGE OF INSTRUCTIONS SHALL BE OF ANY EFFECT IN THIS ESCROW UNLESS GIVEN IN WRITING BY ALL PARTIES AFFECTED THEREBY. In the event conflicting demands or notices are made or served upon you or any controversy arises between the parties hereto, or with third parties, growing out of or relating to this escrow, you shall have the absolute right to withhold and stop all further proceedings in, and performance of, this escrow until you receive written notification satisfactory to you of the settlement of the controversy by agreement of the parties thereto, or by final judgment of a court of competent jurisdiction. All of the parties to this escrow hereby jointly and severally promise and agree to pay promptly on demand, as well as to indemnify you and to hold you harmless from and against all litigation and interpleader costs, damages judgments, attorney's fees, expenses, obligations and liabilities of every kind which in good faith, you may incur or suffer in connection with or arising out of this escrow, whether said litigation, interpleader, obligations, liabilities or expenses arise during the performance of this escrow, or subsequent thereto, directly or indirectly. 8. You are hereby authorized to deposit any funds or documents handed you under these escrow instruction, or cause the same to be deposited, with any duly authorized sub -escrow agent, subject to your order at or prior to close of escrow, in the event such deposit shall be necessary or convenient for the consummation of this escrow. 9. All parties agree that as far as your rights and liabilities are involved, this transaction is an escrow and not any other legal relation and you are an escrow holder only on the within expressed terms, and you shall have no responsibility of notifying me or any of the parties to this escrow of any sale, resale, loan, exchange, or other transaction involving any property herein described or of any profit realized by an person, firm or corporation (broker, agent and parties to this and/or other escrow included) in connection therewith, regardless of the fact that such transaction(s) may be handled by you in the escrow or in another escrow. NO ACTION SHALL LIE AGAINST ESCROW HOLDER FOR ANY CLAIM, LOSS, LIABILITY OR ALLEGED CAUSE OF ACTION OF ANY KIND OR NATURE WHATSOEVER, HOWEVER, CAUSED OR OCCURRED, UNDER THIS ESCROW OR IN CONNECTION WITH THE HANDLING OR PROCESSING OF THIS ESCROW, UNLESS BROUGHT WITHIN TWELVE (12) MONTHS AFTER THE CLOSE OF ESCROW. 10. You are not to be concerned with the giving of any disclosures except as expressly required by Federal or State law to be given by an escrow agent. Neither are you to be concerned with the effect of zoning ordinances, land division regulations which may pertain to or affect the land improvements that are the subject of this escrow. 11. The parties to this escrow have satisfied themselves outside of escrow that the transaction covered by this escrow is not in violation of the Subdivision Map Act or any other law regulating land division, and you as escrow holder are relived of all responsibility and/or liability in connection therewith, and are not to be concerned with the enforcement of said laws. 12. In the event any Offer to Purchase, Deposit Receipt or any other form of Purchase Agreement is deposited in this escrow, it is understood that such document shall be effective only as between the parties signing said document. You as escrow holder are not to be concerned with terns of such document and are relieved of all responsibility in connection therewith. You are to be concerned only with the directives specifically set forth in the escrow instruction and amendments thereto, and are not to be concerned or liable for items designated as "memoranda" in the within escrow instructions nor with any other agreement or contract between the parties. You are authorized to furnish copies of escrow instructions, supplements, amendments, or notices of cancellation and closing statements in this escrow to real estate broker(s) and lender(s) referred to in this escrow. You are not required to submit any title report issued in connection with this escrow to any party or agent unless directed to do so by written mutual instructions. You may, however, do so without incurring liability to any party for such submission. You are hereby authorized to submit such report to any proposed lender. 13. Time is of the essence of these escrow instruction. In the event of failure to pay fees or expenses due you hereunder, on demand, I agree to pay a reasonable fee for any attorney's services which may be required to collect such fees or expenses. 14. If a party to this escrow unilaterally assigns or orders the proceeds of this escrow to be paid to other than the original parties to this escrow, such assignment or order shall be subordinated to the expenses of this escrow, liens of record on the subject property, and payments directed to be made by EXHIBIT "E" 06/03/03 original parties together. If the result of such assignment or order would be to leave the escrow without sufficient funds to close, then you are directed to close nevertheless, and to pay such assignments or orders only out of the net proceeds due except for such assignments or order, and to pay them in the order in which such assignments or orders are received by you. You are to furnish a copy of these instructions, amendments thereto, closing statements and or any other documents deposited in this escrow to the lender or lenders and/or the real estate broker or brokers involved in this transaction upon request of such lenders or brokers. in the event of an assignment or transfer of interest by operation of law, with or without the approval or consent of any or all of the parties hereto, you shall retain the right to deduct any and all escrow costs, fees and expenses provided for herein from said assigned or transferred funds, properties or rights, said assignment or transfer notwithstanding. 15. If there is no written activity by a principal delivered to this escrow within any six month period after the time as set forth in the escrow instruction or written extension thereof, your agency obligation shall terminate at your option and all documents, monies or other items held by you shall be returned to the respective parties entitled thereto less fees and charges herein provided. 16. If any check submitted to escrow is dishonored upon presentment for payment, you are authorized to notify all principals and/or their respective agents of such nonpayment. 17. These instruction may be executed in counterparts, each of which shall be deemed an original regardless of the date of its execution and delivery. All such counterparts together shall constitute one and the same document. 18. The parties to these escrow instructions authorize you to destroy these instructions and all other instructions and records in this escrow at anytime after five (5) years from date of close of escrow. CITY: CITY OF LA QUINTA, a California municipal Corporation CITY MANAGER SELLER WILLIAM D. CALKINS AND LYNN R. KUNKLE, CO -CONSERVATORS OF THE ESTATE OF CHARLES BRIAN MURPHY, AS TO AN UNDIVIDED 25% INTEREST; LYNN R. KUNKLE, AN UNMARRIED MAN, AS TO AN UNDIVIDED 25% INTEREST; AND AM PARTNERSHIP, A CALIFORNIA GENERAL PARTNERSHIP, AS TO AN UNDIVIDED 50% INTEREST, r y, BY:Z /V � BY: BY: EXHIBIT Tit 06/03/03