HomeMy WebLinkAboutContracts & Agreements_7-1975 RDA_CCv0001.pdf }, �r4o?.8840 768
Recording requested by:
CITY OF REDLANDS
O&RDED IN OFFICIAL RECORDS
JUN 3 1976 AT 2 30 P.M.
h!0 FEE
WHEN RECORDED MAIL TO ff u V. DENNIS y/qi;ALL
CITY CLERK, CITY WALL CLEFtK•RECOPDER
• REDLANDS, CALIF. 92373 SAN BERNARDINO COUNTY, CALIF..
LEASE AGREEMENT AMENDMENT
This Lease Agreement Amendment dated as of May 15, 1975 and executed on the date set forth
opposite the signatures, by and between the Redevelopment Agency of the City of Redlands (the
"Agency"), a public body corporate and politic, organized and existing under the laws of the State of
California, and the City of Redlands (the "City"), a municipal corporation duty organized and existing
under the laws of the State of California,
WITNESSETH :
WHEREAS, the Agency has leased to the City and the City has hired from the Agency, the Leased
Premises as defined in and pursuant to that certain lease agreement by and between the Agency and the
City, dated as of May 1, 1974, recorded as instrument No. 669 in Book 8697, Page 967 of Official
Records, in the Office of the County Recorder of San Bernardino County on June 11, 1975 (the
"Lease Agreement"); and
WHEREAS, to issue parity bonds to finance completion of the Leased Premises, the Agency will
issue its Parking Lease Revenue Bonds, Series B pursuant to a supplemental resolution; and
WHEREAS, the parties desire to amend the Lease Agreement in accordance with Section 1 thereof (�J
and. Section 14 of Resolution No. 129 of the Agency adopted on April 16, 1974 pursuant to which `4
$2,440,000 principal amount of Parking Lease Revenue Bonds, Series A of the Agency were issued
(the "Series A Bonds"); and
WHEREAS, the parties hereto have found and determined that such amendment will not materially
adversely affect the rights of the holders of the Series A Bonds;
Now, THEREFORE, it is agreed by and between the parties hereto that the Lease Agreement be
and it hereby is, amended as follows:
Section 1. Exhibit A attached to the Lease Agreement is hereby deleted and a new Exhibit A
attached hereto and by this reference incorporated herein is substituted therefor.
Section 2. The last three sentences of Section I of the Lease Agreement are hereby deleted.
Section 3. Section 2 of the Lease Agreement is hereby deleted and the following substituted
therefor:
"Section 2. Issuance and Sale of Bonds.
The Agency agrees that, as promptly as feasible, it will issue and sell revenue bonds in a
principal amount which, together with any other available funds of the Agency, is estimated
to be sufficient to acquire and clear all or a portion of the Site; provide public parking
facilities; and pay other costs and expenses in connection with such acquisition and construc-
tion including the establishment of such reserve funds as may be necessary or desirable to
provide for the security of the bonds. The first series of said bonds shall be for the acquisition
and preparation of all or a portion of the Site and related costs and expenses; and a subsequent
series of bonds shall be for additional acquisition and provision for the public parking facilities
together with related costs and expenses. The first series of bonds shall be issued pursuant to
that certain resolution entitled 'Resolution of the Redevelopment Agency of the City of
Redlands Authorizing the Issuance of $2,440,000 Principal Amount of Lease Revenue Bonds
of Said Agency to Finance a Portion of the Cost of the Redevelopment Project Known as the
Redlands Redevelopment Project'. The second series of bonds shall be issued pursuant to that
4JJ�894U - 7C9
7/2/75
certain resolution entitled 'Resolution of the Redevelopment Agency of the City of Redlands
Authorizing the Issuance of $5,300,000 Principal Amount of Lease Revenue Bonds of Said
Agency to Finance a Portion of the Cost of a Redevelopment Project Known as the Redlands
Redevelopment Project' (the "Resolution") attached hereto as Exhibit B."
Section 4. Section 3 of the Lease Agreement is hereby deleted and the following substituted
therefor:
"Section 3. Acquisition of Site and Provision For Public Parking Facilities.
With the proceeds of the revenue bonds and any other available funds, the Agency shall
promptly acquire the Site and cause the preparation of the Site for public parking purposes."
Section 5. The base rental referred to in subsection (b) of Section 4 of the Lease Agreement is
hereby increased to $.57-7.t.6.00.00• 4
IN WITNESS WHEREOF, the parties hereto have caused this Lease Agreement Amendment to be
executed and attested by the proper officers thereunto duly authorized, and their official signatures to be
hereto affixed, as of the day and year first above written.
REDEVELOPMENT AGENCY OF THE
CITY OF REDLANDS
By
Chairmayl
ATTEST:
Secretaryf
CITY OF REDLANDS
(SEAL)
B
Vice Mayor
ATTEST:
Citf Cl rk
(SEAL)
2
771
7/2/75
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO ss.
On this R-day of .... , in the year 1975, before me, the undersigned, a Notary Public,
State of California, d� ro11 mis,' ned and sworn, personally appeared,
known to me to bet ayor, and - - q4Y.-A.*..-Mfl .�' �y..-..-, known to me to be the City Clerk,
respectively, of the City of Redlands, a municipal corporation of the State of California, that executed
the within instrument, and known to me to be the persons who executed the within instrument on
behalf of said municipal corporation therein named, and acknowledged to me that such municipal
corporation executed the within instrument pursuant to a resolution of the Mayor and City Council
of said City.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal on the
day and year in this certificate first above written.
Notary Public
+++++++++t+++++++++++♦++♦t+♦off State of California
+ OFFICIAL SEAL
(SEAL) MARTHA E. LEWIS
• �� I$. NOIra.;Y PUBLIC• CALIFORNIA •
♦
PRINCIPAL OFFICE IN •
+ SAN aERNARDINO COUNTY
# Niy Cimr:-sion Ezsir�s Cccember 23, im
.I.� a•ca:9v�+ vr•atei+t♦�tt♦tt#►! rr��
�i.
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO ss.
On this . ' day of 2=i- ioned
..., in the year 1975, before me, the undersigned, a Notary Public,
State of California, duty c and sworn, personally appeared, ..... ck-- -.... i=nings-_ ,
known to me to be the Chairman of the Redevelopment Agency of the City of Redlands and P!a9-g.Y..A.
Mo .....Y...., known to me to be the Secretary of said Agency, a public body corporate and politic that
executed the within instrument, and known to me to be the persons who executed the within instrument
on behalf of said public body, therein named, and acknowledged to me that such public body executed
the within instrument pursuant to a resolution of said Agency.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal on the
day and year in this certificate first above written.
R/LC�F>x J
Notary Public
State of California
OFFICIAL sLAL
• s MARTHA E. LEWIS '
.U,3L C CALIFORNIA
+ PMUCII'AL OFFLCE IN t
+ SAM I1EIRNAROM0 COUNTY +
My Commission Cxpiras tkcember 23, 1978 +
r+4++++++♦it+♦+•++t+♦++4tt#tt+
JJ-jr 8940 - 771
EXHIBIT A
The following described real property in the City of
Redlands, County of San Bernardino, State of California.
Parcels 3 and 4 of Parcel Map No. 2998 , in the City of
Redlands, County of San Bernardino, as per map recorded in
Book 25 , of Parcel Maps, pages 90 through 92 , inclusive, in the
Office of the County Recorder of said County.
That portion of Lots 1 through 17 inclusive in Block B of
Orange Grove Addition as recorded in Book 2 of Maps , Page 23 and
in Book 4 of Maps , Page 38 in the Office of the County Recorder,
County of San Bernardino, State of California described as follows :
Beginning at the intersection of the centerline of Citrus
Avenue with the centerline of Fourth Street as shown on Record
of Survey recorded in Book 29 of Records of Survey in said office,
County and State; thence S 0° 02 ' 58" E along said centerline of
Fourth Street 157 . 65 feet; thence S 89° 57 ' 45" W, 27 .01 feet to
the True Point of Beginning; thence continuing S 890 57 ' 45" W,
408. 91 feet last said course being parallel with and 10 . 00 feet
North (measured at right angles) of the centerline of an alley as
shown on said Orange Grove Addition; thence N 33° 55 ' 28" W, 88 . 18
feet to the beginning of a tangent curve concave easterly and
having a radius of 17 . 00 feet last said straight line course being
pallel with and 32 . 00 feet northeasterly (measured at right angles)
of the centerline of Eureka Street; thence northerly and easterly
along last said curve through a central angle of 1010 36 ' 17" , »�
30. 15 feet to the beginning of compound curve concave southerly
and having a radius of 258 . 81 feet; thence easterly along last said
curve through a central angle of 22° 17 ' 49" , 100 . 72 feet to a
point of tangency with a line parallel with and 40 . 00 feet South
(measured at right angles) of the centerline of Citrus Avenue as
shown on said Record of Survey; thence N 890 58 ' 38" E along last
said parallel line, 335 . 19 feet to the beginning of a tangent curve
concave southwesterly and having a radius of 17 . 00 feet; thence
easterly and southerly along last said curve through a central
angle of 89° 58 ' 24" , 26 .70 feet to a point of tangency with a line
parallel with and 27 . 00 feet west (measured at right angles) of said
centerline of Fourth Street; thence S 0° 02 ' 58" E, 100 . 65 feet to
the True Point of Beginning.
-4-