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Supper Club/Cart Path Indian Springs 05CART PATH EXCHANGE AGREEMENT This Cart Path Exchange Agreement (this "Agreement") is entered into as of January � 1, 2005 ("Effective Date"), by and between the CITY OF LA QUINTA, a California municipal corporation (the "City"), and Supper Club Golf, LLC, a California limited liability company ("Indian Springs"), with reference to the following facts: RECITALS A. Indian Springs is the owner of that certain parcel of real property known as Assessor's Parcel Number 649-071-010, which property is depicted on Exhibit 1 and is legally described in Exhibit 2 (the "Indian Springs Parcel"), which exhibits are attached hereto and incorporated herein by this reference. The Indian Springs Parcel is presently improved for use as a golf cart pathway for the benefit of the Indian Springs Golf Course (the "Golf Course"). B. The City is the owner of the real property identified as APNs 649-071-008 and 647-071-029 (the "Former Lilley Parcels"). It is the parties' intention to provide for a replacement golf cart pathway across a portion of the Former Lilley Parcels. The location of the replacement pathway is shown on Exhibit 3, which is attached hereto and is incorporated herein by this reference (the "Replacement Pathway"). As depicted on Exhibit 3, the Replacement Pathway transects the Former Lilley Parcels, and then continues onto the Indian Springs' property upon which the Golf Course is located. In order to provide for the construction and operation of the Replacement Pathway, the City wishes to convey to Indian Springs in fee the portion of the Former Lilley Parcels described in Exhibit 4a, and depicted on Exhibit 4b. Exhibits 4a and 4b are collectively referred to hereinafter as "Exhibit 41)13, and the area described and depicted therein shall be referred to hereinafter as the "Replacement Property." C. In connection with the City's widening of Jefferson Street, the City wishes to acquire the Indian Springs Parcel in fee in exchange for transferring to Indian Springs the Replacement Property in fee. The City has further agreed to pay for the cost of installing a concrete surface on the Replacement Pathway of a similar quality and width to that which now exists on the Indian Springs Parcel. The concrete pavement would extend approximately five feet beyond the Former Lilley Parcels to the point where the pathway would join the existing pathway which is closest to the Former Lilley Parcels. To the extent Indian Springs wishes to upgrade the quality of the materials or increase the depth or width of the paving, the expense of that enhancement shall be borne by Indian Springs. The parties further wish to take all steps necessary in order to avoid any delays to the activities necessary for the widening of Jefferson Street, and agree to fully cooperate in the scheduling of the closure of the existing golf cart pathway and the opening of the Replacement Pathway so as not to delay or interfere with any of the widening activities. If necessary to avoid delays for Jefferson Street widening project, pending the closing of the transaction provided for in the 2156/015610-0008 526791.09 a01/13/05 Agreement, Indian Springs has agreed to provide, as needed, the use and possession of the easterly 192 square feet of the Indian Springs Parcel to the City ("Immediate Possession Area"). The Immediate Possession Area is 12 feet wide and 16 feet deep, and is located at the easterly edge of the Indian Springs Parcel adjacent to the existing Jefferson Street right-of-way. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and incorporating the above recitals, the City and Indian Springs agree as follows: 1. ESCROW. The exchange of properties shall take place through an escrow ("Escrow") to be established within three (3) business days after the execution of this Agreement by the parties hereto, with Fidelity Title Insurance Company ("Escrow Holder") at its office located at 74-758 Highway 111, Suite 209, Indian Wells, California 92210. The opening of the Escrow (the "Opening of Escrow") shall be deemed to be the date that a fully executed copy of this Agreement is delivered to the Escrow Holder. Escrow Holder is instructed to notify the City and Indian Springs in writing of the date of the Opening of Escrow. This Agreement, once deposited in Escrow, shall constitute the joint escrow instructions of the City and Indian Springs to the Escrow Holder. Additionally, if Escrow Holder so requires, the parties agree to execute the form of escrow instructions that Escrow Holder customarily requires in real property escrows administered by it. In the event of any conflict or inconsistency between Escrow Holder's standard instructions and the provisions of this Agreement, the provisions of this Agreement shall supersede and be controlling. The parties additionally agree to the Escrow Holder's standard terms, a copy of which is attached hereto as Exhibit 5. 2. TITLE MATTERS. The City shall obtain a preliminary title report prepared by Fidelity Title Insurance Company ("Title Company") describing the state of title of the Indian Springs Parcel together with copies of all underlying documents (collectively, the "Indian Springs Parcel Preliminary Title Report"). Indian Springs shall obtain a preliminary title report, at City's expense, prepared by Title Company describing the state of title of the Replacement Property together with copies of all underlying documents (collectively, the "Replacement Property Preliminary Title Report"). Collectively, the Indian Springs Parcel Preliminary Title Report and the Replacement Property Preliminary Title Report are referred to hereinafter in the singular as the "Preliminary Title Report." Notwithstanding anything herein to the contrary, Indian Springs shall be obligated to remove all monetary encumbrances against the Indian Springs Parcel excluding non - delinquent real property taxes, and the City shall be obligated to remove all monetary encumbrances against the Replacement Property excluding non -delinquent real property taxes. The City and Indian Springs shall each notify the other in writing of any objections it may have to title exceptions contained in the Preliminary Title Report no later than the date which is ten (10) days after its receipt of the Preliminary Title Report ("Objection Notice"). Each party's approval or disapproval of the matters set forth in the Preliminary Title Report may be granted or withheld in that party's reasonable discretion. Either party's failure to provide the other party with an Objection Notice within said period shall constitute the non -objecting party's approval of all exceptions to title shown on the Preliminary Title Report. Each party who receives an Objection Notice shall have 2156/015610-0008 526791.09 a01/13/05 -2- a period of five (5) days after receipt of the Objection Notice in which to deliver written notice to the objecting party ("Responding Notice") of that party's election to either (i) agree to remove the objectionable items on the Preliminary Title Report prior to the Close of Escrow, or (ii) decline to remove any such title exceptions or Survey matters and terminate Escrow and the obligations of the parties to exchange properties under this Agreement. The failure of a party who has received an Objection Notice to provide the other party with a Responding Notice within said period shall constitute that party's election to remove the objectionable items on the Preliminary Title Report. If either party notifies the other party of its election to terminate rather than remove the objectionable items on the Preliminary Title Report, the party that sent the Objection Notice shall have the right, by written notice delivered to other party within five (5) days after receipt of election to terminate, to agree to accept the respective property subject to the objectionable items, in which event the election to terminate shall be of no effect, and waiving party shall take title at the Close of Escrow subject to such objectionable items. Upon the issuance of any amendment or supplement to the Preliminary Title Report which adds additional exceptions, including any survey exceptions, the foregoing right of review, approval and response shall also apply to said amendment or supplement, and the Closing shall be extended for such period as is necessary to allow for that review and response process to be completed. 3. CLOSE OF ESCROW. Provided that all of the conditions of this Agreement precedent to the "Close of Escrow" (as hereinafter defined) as set forth below have been satisfied (or waived by the appropriate party) prior to or on the Closing Date, the Closing of this transaction for the sale and purchase of the Property shall take place on February 15, 2005 ("Outside Closing Date"). Notwithstanding the foregoing, if the parties agree to advance the Closing, and so long as all of the "City's Conditions to Closing" and all of "Indian Springs' Conditions to Closing" (as those terms are defined in Section 7) have been satisfied (or waived by the appropriate party), the parties may elect to authorize the Closing before the Outside Closing Date. The terms "Close of Escrow," "Closing Date" and "Closing" are used herein to mean the time Indian Springs' grant deed conveying fee title to the Indian Springs Parcel and the City's grant deed conveying fee title to Replacement Property are recorded in the Official Records of the Office of the County Recorder of Riverside ("Official Records"). If Escrow is not in a condition to close by the Outside Closing Date, the parties agree to diligently take all steps necessary to effectuate the Closing at the earliest possible date. If, despite the parties' best efforts, the Closing has not occurred by the Outside Closing Date, Indian Springs agrees that the City may take possession of the Immediate Possession Area, and Indian Springs may take possession of the Replacement Property in order for there to be no delay of the construction and no disruption to play on the Golf Course. In the event that such interim possession is necessary, the City shall take such steps as are reasonably necessary in order to provide for the safe passage of golf carts across the Replacement Property pending the completion of permanent improvements to the Replacement Pathway. Escrow Holder is directed, on the Closing Date, to record in the Official Records, the following documents in the order listed: (i) the grant deed (in the form attached hereto as Exhibit "6") transferring title to the Indian Springs Property to the City ("Indian Springs Parcel Grant Deed"); (ii) the grant deed (in the form attached hereto as Exhibit "7") transferring the Replacement Property to Indian Springs ("Replacement Property Grant 2156/015610-0008 526791.09 a01/13/05 -3- Deed") and '(iii) such other and further documents as may be directed jointly by the City and Indian Springs. Upon the Closing, Escrow Holder shall deliver conformed copies of all recorded documents to both parties. 4. DELIVERY OF DOCUMENTS REQUIRED FROM CITY AND INDIAN SPRINGS. The City and Indian Springs agree that on or before 5:00 p.m. on the last business day immediately preceding the Closing Date, the following documents shall be deposited: a. The City shall deposit the executed and acknowledged Replacement Property Grant Deed; b. Indian Springs shall deposit the executed and acknowledged Indian Springs Parcel Grant Deed; C. Certificates of Non -Foreign Status (the "Non -Foreign Affidavits") executed and acknowledged by the parties, and any items, and instruments required from the parties (executed and acknowledged where appropriate) as may be reasonably necessary in order for Escrow Holder to comply with the provisions of this Agreement, shall be deposited by the parties. 5. TITLE INSURANCE POLICY. On the Closing Date, the Title Company, as insurer, shall issue a CLTA owner's standard coverage policy of title insurance ("Title Policy"), in favor of the City as to the Indian Springs Parcel, and in favor of Indian Springs as to the Replacement property, as insureds, with liability in the amount of $7,395.00 and $7,395.00, respectively, subject to the following (the "Permitted Exceptions"): a. non -delinquent real property taxes; b. covenants, conditions, restrictions and reservations of record that do not interfere with the acquiring party's proposed use of the subject property, as determined in the reasonable discretion of the acquiring party; C. easements or rights -of -way over the subject property for public or quasi - public utility or public street purposes; d. title exceptions approved or deemed approved by the acquiring party pursuant to Section 2 above; e. any other exceptions approved by the acquiring party; and f. the standard printed conditions and exceptions contained in the CLTA standard owner's policy of title insurance regularly issued by the Title Company. The City shall be responsible for the charges incurred to obtain the Title Policies with respect to both properties. 6. REAL PROPERTY TAXES AND ASSESSMENTS. Each party shall be responsible for paying (through Escrow at Closing) all real and personal property taxes and assessments 2156/015610-0008 526791.09 a01/13/05 -4- which are of record as of the Closing Date and/or have accrued against the property they are transferring to the other party prior to (and including) the Closing Date (notwithstanding whether such taxes and/or assessments are due and payable as of the Closing Date), including all real or personal property taxes or assessments assessed against the property after the Closing for any period prior to the Closing. 7. CONDITIONS PRECEDENT TO CLOSING. 7.1. Conditions Precedent to City's Obligations. The obligations of the City under this Agreement to transfer the Replacement Property to Indian Springs and to acquire the Indian Springs Parcel and close the Escrow shall be subject to the satisfaction or signed written waiver by the City of each and all of the following conditions precedent (collectively, "City's Conditions to Closing"): (i) on the Closing Date, the Title Company shall be irrevocably committed to issue the Title Policy pursuant to Section 5 above insuring fee title to the Indian Springs Parcel as being vested in the City, subject only to the Permitted Exceptions; (ii) Escrow Holder holds all instruments required for the Closing and will deliver to the City the instruments accruing to the City pursuant to this Agreement; and (iii) Indian Springs is not in material default of any term or condition of this Agreement. 7.2. Conditions Precedent to Indian Springs' Obligations. The obligations of Indian Springs under this Agreement to transfer the Indian Springs Parcel to the City and to acquire the Replacement Property and close the Escrow shall be subject to the satisfaction or signed written waiver by Indian Springs of each and all of the following conditions precedent (collectively, "Indian Springs' Conditions to Closing"): (i) on the Closing Date, the Title Company shall be irrevocably committed to issue the Title Policy pursuant to Section 5 above insuring fee title to the Replacement Property as being vested in Indian Springs, subject only to the Permitted Exceptions; (ii) Escrow Holder holds all instruments required for the Closing and will deliver to Indian Springs the instruments accruing to Indian Springs pursuant to this Agreement; and (iii) the City is not in material default of any term or condition of this Agreement. 8. ALLOCATION OF COSTS. The City shall pay all escrow and closing costs associated with this Agreement and the exchange of the property, including any and all escrow and title fees, recording fees, costs of all title reports referenced in Paragraph 2 above, all title insurance costs referenced in Paragraph 5 above, documentary transfer tax, and the City's own attorney's fees in connection with this Agreement and the transactions contemplated hereby. Indian Springs shall pay Indian Springs' own attorney's fees, if any, in connection with this Agreement and the transactions contemplated hereby. 9. HAZARDOUS MATERIALS. To the best of the parties' knowledge, neither the Indian Springs Parcel nor the Replacement Property has at any time been used for the purposes of storing, manufacturing, releasing or dumping Hazardous Materials. For purposes of this Agreement, the term "Hazardous Materials" shall mean hazardous wastes, hazardous materials, hazardous substances, hazardous constituents, toxic substances or related materials, whether solids, liquids or gases, including, but not limited to, substances 2156/015610-0008 526791.09 a01/13/05 -5- deemed as "hazardous wastes," "hazardous materials," "hazardous substances," "toxic substances," "pollutants," "contaminants," "radioactive materials," or other similar designations in, or otherwise subject to regulation under, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended ("CERCLA"), 42 U.S.C. § 9601 et seq.; the Toxic Substance Control Act ("TSCA"), 15 U.S.C. § 2601 et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. § 1802; the Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. § 9601, et seq.; the Clean Water Act ("CWA"), 33 U.S.C. § 1251 et seq.; the Safe Drinking Water Act, 42 U.S.C. § 300 et seq.; the Clean Air Act ("CAA"), 42 U.S.C. § 7401 et seq.; the Hazardous Waste Control Law, California Health and Safety Code § 25025 et seq., the Carpenter -Presley -Tanner Hazardous Substance Account Act, California Health and Safety Code, Division 20, Chapter 6.8, the Hazardous Materials Release Response Plans and Inventory Act, California Health and Safety Code, Division 20, Chapter 6.95, The Underground Storage of Hazardous Substances Act, California Health and Safety Code, Division 20, Chapter 6.7, the Porter -Cologne Act, California Water Code § 13050 et seq. and in any permits, licenses, approvals, plans, rules, regulations or ordinances adopted, or other criteria and guidelines promulgated pursuant to the preceding laws or other similar federal, state or local laws, regulations, rules or ordinances now or hereafter in effect relating to environmental matters (collectively the "Environmental Laws"); and any other substances, constituents or wastes subject to any applicable federal, state or local law, regulation, ordinance or common law doctrine, including any Environmental Law, now or hereafter in effect, including, but not limited to, (A) petroleum, (B) refined petroleum products, (C) waste oil, (D) waste aviation or motor vehicle fuel, (E) asbestos, (F) lead in water, paint or elsewhere, (G) radon, (H) polychlorinated biphenyls (PCBs) and (I) ureaformaldehyde. 10. COVENANTS REGARDING CONDITION OF PROPERTIES PENDING CLOSING. As to the properties that each party is transferring to the other pursuant to this Agreement, the parties agree that during the period between the Effective Date of this Agreement and the Closing Date: a. Each party shall maintain the property it is transferring to the other in not less than the state of repair as that existing on the Effective Date (excepting ordinary wear and tear) and shall not alter the physical condition of the property without the written consent of the other party; b. Neither party shall convey, grant, lease, assign, mortgage, hypothecate, encumber, or otherwise transfer (on or off record) the property it is transferring to the other, or any interest therein. 11. USE OF IMMEDIATE POSSESSION AREA: While it is the parties intent to close the transaction provided for by this Agreement and cause the completion of the improvements to the Replacement Pathway prior to the date that the City will need to provide the County of Riverside's contractor with possession of the Jefferson Street construction area, the parties recognize that it may not be possible to do so. If, prior to the Closing of Escrow, as defined above, the City needs to utilize or provide the contractor with the Immediate Possession Area in order to not delay the street widening 2156/015610-0008 526791.09 a01/13/05 -6- activities being undertaken by the County, the City may, in its reasonable discretion, notify Indian Springs of this need and Indian Springs, within ten (10) business days of receiving the notice, shall transfer and convey to the City of possession of the Immediate Possession Area, which conveyance shall be evidenced by Indian Springs' execution and acknowledgement, and delivery to the Escrow Holder, of an irrevocable license agreement ("License Agreement") in a form and content contained in Exhibit 8 attached hereto and incorporated herein by this reference. The City shall pay all costs associated with the recordation of the License Agreement. Upon issuing the notice to Indian Springs of the need for pre -Closing possession, and prior to utilizing the Immediate Possession Area in a manner that would interfere with the current use of the existing cart path, the City will provide funding for temporary improvements for a substitute golf cart path if the permanent improvements have not yet been completed. Indian Springs, with its own forces, or under contract, will install the improvements needed for the temporary cart path in the general location and dimensions shown on Exhibit 3. The City shall reimburse Indian Springs for the following costs reasonably incurred by Indian Springs in establishing the Temporary Cart Path: (1) the rental charges for any equipment needed to level or grade the base of the temporary cart path and the documented labor costs for the work; (2) the cost of decomposed granite or asphalt to be installed on the temporary cart path; and (3) any other actual expenses approved in writing, in advance, by the City's Public Works Director, for the temporary cart path. Indian Springs shall submit documentation for its request for reimbursement for these three items. Reimbursement will be within thirty (30) days after the City's Public Works Director approves the request. At any time during the actual construction of the Jefferson Street Widening Project, Phase H, the Temporary Cart Path may be relocated in the City's or the County of Riverside's discretion as needed to facilitate the construction activities on Jefferson Street. All the expense of providing for a temporary relocation in a safe manner shall be borne by the City. Once approved by the City's Public Works Director for temporary use by Indian Springs, the maintenance obligations and maintenance costs of the temporary cart path shall be borne solely by Indian Springs. Indian Springs agrees to indemnify, defend, and hold the City and its employees, officers, and agents ("Indemnified Parties") harmless from any and all claims, causes of action, obligations, losses, liabilities, judgments and damages, including reasonable attorneys fees and costs of litigation (collectively "Claims") arising out of and/or in any way relating to the use of the temporary cart path by any person associated with the Golf Course. In the event the Indemnified Parties are made a party to any action, lawsuit, or other adversarial proceeding in any way involving such Claims, Indian Springs shall provide a defense to the Indemnified Parties, or at the City's option, reimburse the Indemnified Parties their costs of defense, including reasonable attorneys' fees, incurred in defense of such claim. In addition, Indian Springs shall be obligated to promptly pay any final judgment or portion thereof rendered against the Indemnified Parties. 12. IMPROVEMENTS TO REPLACEMENT PATHWAY. Within five (5) business days after the Effective Date of this Agreement, Indian Springs shall commence the installation of the improvements it deems necessary for the Replacement Pathway, and shall diligently pursue the improvements until completed. The plans for the improvements, along with estimated costs for their installation, shall be approved in writing in advance of the installation by the City's Director of Public Works ("Director"). 2156/015610-0008 526791.09 a01/13/05 -7- The City shall reimburse Indian Springs for the actual cost of installing a concrete pathway in the alignment of the Replacement Path, substantially similar in terms of width, depth, and composition to the golf cart pathway that exists on the Indian Springs Parcel as of the Effective Date of this Agreement. The City shall cooperate and coordinate with the construction, shall facilitate the issuance of all necessary permits, and shall waive any building permit fees. The reimbursement shall be in accordance with the estimate approved by the Director, subject to modifications he has pre -approved, in writing. Reimbursement shall be made within thirty (30) days of receipt of documentation of the expenditure. If Indian Springs wishes to upgrade the pavement style or materials, any such upgrades will be at Indian Springs' sole expense. The improvement area shall extend approximately five (5) feet to the west of the easterly boundary of the Former Lilley Parcels in order to connect to the existing pathway. Once the Replacement Pathway is approved for use by the City's Public Works Director, Indian Springs shall undertake all maintenance related to the Replacement Path. After the Closing, Indian Springs will have the sole obligation to maintain the Replacement Pathway and the Replacement Property. 13. EXCHANGE AS FULL COMPENSATION. The parties agree that the property exchange and reimbursement for improvement costs reflected in this Agreement constitute the full just compensation that Indian Springs is entitled to for the City's acquisition of the Indian Springs Parcel, and is inclusive of any claims for loss of goodwill, lost profits, lost business income, attorneys' fees, or claims under the State Relocation Assistance Law (California Government Code Sections 7260 et seq.; Relocation Assistance and Real Property Acquisition Guidelines, California Administrative Cove Title 25). Indian Springs waives any and all rights it may have to seek additional compensation for such claims. This Agreement is entered into in lieu of proceeding with eminent domain proceedings as to the Indian Springs Parcel. The parties agree that after the Closing, the parties will take all necessary steps to eliminate the Indian Springs Parcel from the existing eminent domain action pending between the parties entitled, City of La Quinta v. Supper Club Golf, LLC, Riverside Superior Court, Indio Branch, Case No. INC045225, whether by filing of a Notice of Partial Abandonment under Code of Civil Procedure section 1268.510, or some other procedure acceptable to the Court. Indian Springs waives any right to object to any such notice of abandonment or other withdrawal by City of the Indian Springs Parcel from the above - referenced action, and likewise waives any claim to damages, costs, or litigation expenses, including attorneys' fees, arising from City's removal of the Indian Springs Parcel from such action. Indian Springs likewise waives any claim to compensation or damage to any of Indian Springs' remaining properties, under Code of Civil Procedure section 1263.410 et seq. or otherwise, which Indian Springs has or may assert relating to the replacement and relocation of the cart path, as contemplated by this Agreement, and agrees that the performance by City of its obligations hereunder shall, and does, constitute full, fair, and final compensation relating to the City's acquisition of the Indian Springs Parcel, and the construction of the City's Jefferson Street Widening Project, Phase II, with regard to any impact therefrom on the Cart Path. 2156/015610-0008 526791.09 a01/13/05 -8- 14. MISCELLANEOUS. 14.1. Applicable Law. This Agreement shall be governed by, and construed under, the laws of the State of California. In addition to any other rights or remedies, either party may take legal action, in law or in equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. The rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times of any other right or remedies for the same default or any other default by the other party. Service of process shall be made in any manner permitted by law and shall be effective whether served within or outside of California. 14.2. Notices: Unless otherwise provided herein, all notices required to be delivered under this Agreement or under applicable law shall be (i) personally delivered, or (ii) delivered by United States mail, prepaid, certified, return receipt requested, or (iii) delivered by reputable overnight document delivery service that provides a receipt showing date and time of delivery. Notices personally delivered or delivered by a document delivery service shall be effective upon receipt. Notices delivered by mail shall be effective at noon on the second business day following deposit with the United States Postal Service. A party hereto may at any time, by giving ten (10) days' written notice to the other party hereto, designate any other address in substitution of the address to which such notice or communication shall be given. Such notices or communications shall be delivered to the following addresses: To City: City of La Quinta Attn: City Manager 78-495 Calle Tampico La Quinta, CA 92253 With Copy to: Rutan & Tucker, LLP Attn: M. Katherine Jenson 611 Anton Blvd., 14t` Floor Costa Mesa, CA 92626 To Indian Springs: Supper Club Golf, LLC Attn: J. Donald Olson 80-227 Indian Springs Drive Indio, CA 92201 With Copy to: Roemer, Harnik & Nethery, LLP Attn: Brian S. Harnik 45-025 Manitou Drive Indian Wells, CA 92210 2156/015610-0008 526791.09 a01/13/05 -9- 14.3. Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party hereto by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. The Section headings are for purposes of convenience only, and shall not be construed to limit or extend the meaning of this Agreement. 14.4. Integration; Amendment. It is understood that there are no oral agreements between the parties hereto affecting this Agreement, and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements, and understandings, if any, between the parties with respect to the subject matter hereof, and none shall be used to interpret this Agreement. This Agreement may be amended at any time by the mutual consent of the parties by an instrument in writing. This Agreement shall have no effect upon the respective rights of the parties with respect to any other properties owned by the parties. 14.5. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one and the same document. IN WITNESS WHEREOF, the parties have executed this instrument as of the day and year first written above. APPROVED AS TO FORM RUTAN &TUCKER, LLP By: 11�' //--, , C' Attney "CITY" CITY OF LA QUINTA, a California municipal co ion By. Thomas P. Genovese, City Manager [Signatures continued on next page] 2156/015610-0008 _ 1 O_ 526791.09 a01/13/O5 "INDIAN SPRINGS" SUPPER CLUB GOLF, LLC, a California limited liability co pany By: Its: 0 Its: 2156/015610-0008 526791.09 a01/13/05 - l l .s r r s r!r Ar s kv o 7Ifjo r, .. " —0 illy#i11l�� � Pz) CAMAIL fir, I s U&sewAwm r *AK4Lvmo Arjuft Exhibit 1 L,E!QAL. DSCRP__TL . The real property and improvements thereon situated in the State of California, County of Riverside, City of La Quinta, are described as follows: Lot 19 of Tract 2190, as Shown by Map on Fife in Book 41, Pages 53, 56 and 57 of Maps, Records of Riverside County, California. Excepting Therefrom the South 35 Feet of Said Lot 19. Also Excepting Therefrom the Following Described Property: Conunencing at the Northwest Corner of Lot 18 of Said Tract; Thence South 0° 04' 39" East, 18.71 Feet to the True Point of Beginning Thence South 0° 04' 39" East, 95.00 Feet; 'Thence North 89" 55' 21 ", 100.00 Feet to the East Line of Said Lot 19; Thence North 00 04' 39" West, 95'.00 Feet; Thence South 89° 55' West, I00,00 Feet, to the True Point of Beginning. APN 649-071-010 i Exhibit 2 MONA FRO* T-856 p 03/03 F-roo 3611 .DTCRZV ST 16-dr. • If . tt Exhibit 3 " t2-10-2004 03:47PM FRW- EDINDICATES R.o.w. ccR ZFFERSON STRUT 3,340 S.F. T-655 P.002/003 F-?10 �--C/L WESTWARD HO DRIVE EXHIBIT "13" PLAT TO ACCOIrPAMY A LEGAL AESCRIPTION FOR: JEFFERSON STREET RIGHT—OF—WAY. (APN 949-071-008) (APN 649-077—009)(APN 649-071 —029) LU! 113 TRACT N0. 2 ]. 90 M.B, 41/56-58 r ti SHEET i OF I SHEETfffiF ; 'wNwr4 M •kti�Ow 1 aaft1lM"o'rYAw a • l�wt�!'adC! m"WCk pirr►te o Rp N i Lt L.Tt N Ji . �.► �w►�aaJK • ..+rMJrr.rs DAM, OECEWER 15. 2004 J* 20-100307-M � Exhibit 4a EXHIBIT 7 Form of Grant Deed to Indian Springs for Replacement Property [Attached] 2156/015610-0008 526791.09 a01/13/05 -3- EXHIBIT 4b Replacement Property — Legal Description 2156/015610-0008 526791.09 a01/13/05 EXHIBIT 5 Fidelity Title Insurance Company Instructions 2156/015610-0008 526791.09 a01/13/05 EXHIBIT 6 Form of Grant Deed to City for Indian Springs Parcel RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: CITY OF LA QUINTA 78-495 Calle Tampico La Quinta, CA 92253 Attn: City Manager SPACE ABOVE THIS LINE FOR RECORDER'S USE (Exempt from Recordation Fee per Gov. Code § 6103) GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, SUPPER CLUB GOLF, LLC, a California limited liability company, hereby grants to the CITY OF LA QUINTA, a California municipal corporation, that certain real property located in the City of La Quinta, County of Riverside, State of California, legally described on Attachment No. 1, which is attached hereto, and incorporated herein by this reference, subject to all matters of record. Dated: , 2005 SUPPER CLUB GOLF CLUB, LLC, a California limited liability company By: Its: By: Its: 2156/015610-0008 5 526791.09 a01/13/05 STATE OF CALIFORNIA ) ) ss COUNTY OF ) On , before me, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] STATE OF CALIFORNIA ) ) ss COUNTY OF ) On , before me, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] 2156/015610-0008 526791.09 a01/13/05 -6- ATTACHMENT NO. 1 LEGAL DESCRIPTION OF PROPERTY The land referred to is situated in the State of California, County of Riverside, City of La Quinta, and is described as follows: [To be inserted] 2156/015610-0008 526791.09 a01/13/05 CERTIFICATE OF ACCEPTANCE THIS IS TO CERTIFY that the interest in real property conveyed by the Grant Deed dated , from Supper Club Golf, LLC, to the City of La Quinta, a municipal Corporation, ("City") is hereby accepted by the City by the signature of the undersigned agent on behalf of the City pursuant to the authority conferred upon him by Resolution No. 2003-083, adopted on September 16, 2003, and that the City, as the Grantee, by its said duly authorized agent, hereby consents to the recordation thereof. DATED: CITY OF LA QUINTA, a Municipal Corporation Bv: Name: Thomas P. Genovese Its: City Manager I HEREBY ATTEST to the authenticity of the foregoing signature and to the said adoption of the said Resolution of his general authority to so act and certify that said authority has not been revoked by any subsequent Resolution or order of the City. DATED: June S. Greek, City Clerk, City of La Quinta 2156/015610-0008 526791.09 a01/13/05 -2- WHEN RECORDED MAIL TO: Indian Springs Land Company, LLC Attn: J. Donald Olson 80-227 Indian Springs Drive Indio, CA 92201 Space above this line for Recorder's Use EXEMPT FROM RECORDER'S FEE PER GOV. CODE §27383 GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the CITY OF LA QUINTA, a municipal corporation, hereby GRANTS to the SUPPER CLUB GOLF, LLC, a California limited liability corporation, that certain real property in the County of Riverside, State of California, as more particularly described in Exhibit "A" attached hereto and incorporated herein by this reference. "CITY" CITY OF LA QUINTA, a California municipal corporation UIR ATTEST: By: City Clerk APPROVED AS TO FORM RUTAN & TUCKER, LLP By: City Attorney Thomas P. Genovese, City Manager 2156/015610-0008 526791.09 a01/13/05 -4- STATE OF CALIFORNIA ss. COUNTY OF ) On , before me, , Notary Public, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] STATE OF CALIFORNIA ) ss. COUNTY OF ) On , before me, , Notary Public, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] 2156/015610-0008 526791.09 a01/13/05 -5- EXHIBIT A Legal Description and Depiction of Replacement Property 2156/015610-0008 526791.09 a01/13/05 -6- EXHIBIT 8 License Agreement for Possession of Immediate Possession Area WHEN RECORDED MAIL TO: City of La Quinta Attn: City Manager 78-495 Calle Tampico La Quinta, CA 92253 Space above this line for Recorder's Use EXEMPT FROM RECORDER'S FEE PER GOV. CODE §27383 EXEMPT FROM DOCUMENTARY TRANSFER TAX PER REV. & TAX. CODE § 11922 Signature of Declarant or Agent determining tax — Firm Name IRREVOCABLE LICENSE AGREEMENT FOR POSSESSION OF PROPERTY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, SUPPER CLUB GOLF, LLC, a California limited liability company, hereby irrevocably transfers and conveys to the CITY OF LA QUINTA, a California municipal corporation, the right to enter, hold, possess, and use for all purposes incidental to the placement, construction, maintenance, and operation of the Jefferson Street Widening Project, Phase II, the easterly 192 square feet ("Immediate Possession Area") of the real property described in Exhibit A ("Indian Springs Parcel"), attached hereto and incorporated by this reference. The Immediate Possession Area is 12 feet wide and 16 feet deep, and is located at the easterly edge of the Indian Springs Parcel, adjacent to the existing Jefferson Street right-of-way, County of Riverside, State of California, all as more specifically described in Exhibit "A" hereto. Dated: , 2005 SUPPER CLUB GOLF CLUB, LLC, a California limited liability company 2156/15610-0008 526791.09 a01/13/05 By: Its: By: Its: -7- STATE OF CALIFORNIA ) SS. COUNTY OF ) On , before me, , Notary Public, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] STATE OF CALIFORNIA ) ss. COUNTY OF ) On , before me, Notary Public, personally appeared personally known to me (or 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. Witness my hand and official seal. Notary Public [SEAL] 2156/15610-0008 526791.09 a01/13/05 -8- Exhibit A Legal Description The real property and improvements thereon situated in the State of California, County of Riverside, City of La Quinta, are described as follows: Lot 19 of Tract 2190, as Shown by Map on File in Book 41, Pages 55, 56 and 57 of Maps, Records of Riverside County, California. Excepting Therefrom the South 35 Feet of Said Lot 19. Also Excepting Therefrom the Following Described Property: Commencing at the Northwest Corner of Lot 18 of Said Tract; Thence South 0° 04' 39" East, 18.71 Feet to the True Point of Beginning; Thence South 0° 04' 39" East, 95.00 Feet; Thence North 89' 55' 21 ", 100.00 Feet to the East Line of Said Lot 19; Thence North 0° 04' 39" West, 95.00 Feet; Thence South 89' 55' West, 100.00 Feet, to the True Point of Beginning. APN 649-071-010 2156/15610-0008 526791.09 a01/13/05 In A CERTIFICATE OF ACCEPTANCE THIS IS TO CERTIFY that the interest in real property conveyed by a Irrevocable License Agreement For Possession Of Property dated , from Supper Club Golf, LLC, to the City of La Quinta, a municipal Corporation, ("City") is hereby accepted by the City by the signature of the undersigned agent on behalf of the City pursuant to the authority conferred upon him by Resolution No. 2003-083, adopted on September 16, 2003, and that the City, as the Grantee, by its said duly authorized agent, hereby consents to the recordation thereof. DATED: CITY OF LA QUINTA, a Municipal Corporation Bv: Name: Thomas P. Genovese Its: City Manager I HEREBY ATTEST to the authenticity of the foregoing signature and to the said adoption of the said Resolution of his general authority to so act and certify that said authority has not been revoked by any subsequent Resolution or order of the City. DATED: June S. Greek, City Clerk, City of La Quinta 2156/15610-0008 526791.09 a01/13/05 -10-