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HomeMy WebLinkAboutRecorded Doc 2015-011 2015-011 DOC#2015-0046854 6 II 02/05/2015 02:28 PM Fees:$39.00 Page 1 of 9 Recorded in Official Records County of Riverside Peter Aldana PLEASE COMPLETE THIS INFORMATION Assessor,County Clerk&Recorder RECORDING REQUESTED BY: "This document was electronically submitted STR Fund IX Acquisition, LLC to the County of Riverside for recording"" Receipted by:MGREGSTON (Owner) AND WHEN RECORDED MAIL TO: First American Title Insurance Company This is to certify that this is a true SC Park Associates,Inc. and exact •••y`of the on•'n: d• „- t. 3600 Birch St.,Ste 130 By A ' la Newport Beach,CA 92660 Covenant for Water Quality Management Plan and Urban Runoff Best Management Practices Transfer,Access and Maintenance Owner: STR Fund IX Acquisition, LLC Property Address: 30-900 Date Palm Drive, Cathedral City, CA 92234 APN: 670-110-046 WHEREAS, STR Fund IX Acquisition, LLC ("Owner") owns real property ("Property") in the City of Cathedral City, County of Riverside, State of California, more specifically described in Exhibit "A" and depicted in Exhibit "B", each of which exhibits is attached hereto and incorporated herein by this reference; WHEREAS, at the time of initial approval of development project know as Date Palm Aaron's Store within the Property described herein, the City of Cathedral City ("CITY") require the project to employ Best Management Practices hereinafter referred to as "BMPs"to minimize pollutants in urban runoff; WHEREAS, the OWNER has chosen to install and/or implement BMPs for the Property as described in the Water Quality Management Plan, on file with the CITY, hereinafter referred to as "WQMP" to minimize pollutants in urban runoff and to minimize other adverse impacts of urban runoff; WHEREAS, said BMPs, with installation and/or implementation on private property and draining only private property, are part of a private facility with all maintenance replacement, therefore, are the sole responsibility of the OWNER in accordance with the terms of this Covenant. WHEREAS, the OWNER is aware that periodic and continuous maintenance, including, but not necessarily limited to, filter material replacement and sediment removal, is required to assure peak performance of all BMPs in the WQMP and that, furthermore, such maintenance activity is required to remain in compliance with all local, state , or federal laws and regulations, including, but not limited to NPDES storm water permits, and those pertaining to confined space and waste disposal methods, in effect at the time such maintenance occurs; NOW THEREFORE,OWNER covenants,promises and agrees as follows: 1. Owner hereby provides the City and/or its designee complete access, of any duration, to the BMPS and their immediate vicinity at any time, upon reasonable notice, or in the event of emergency, as determined by CITY, no advance notice, for the purpose of inspection, sampling, testing of the BMPS, and in case of emergency, to undertake all necessary repairs or other preventive measures at OWNER'S expense as provided in paragraph 3 below, provided that CITY takes reasonable steps to minimize or avoid interference with OWNER'S use of the Property. 2. OWNER shall use its best efforts diligently to maintain all BMP"s in a manner assuring peak performance at all times. All reasonable precautions shall be exercised by OWNER and OWNER'S representative or contractor in the removal and extraction of any material(s) from the BMPs and the ultimate disposal of the material(s) in a manner consistent with all relevant laws and regulations in effect at the time. As may be requested from time to time by the CITY, the OWNER shall provide the CITY with documentation identifying the materials(s)removed the quantity, and disposal destination. 3. In the event OWNER, or its successors or assigns, fails to accomplish the necessary maintenance contemplated by this Covenant, within five (5) days of being given written notice by the CITY, the CITY is hereby authorized to cause any maintenance necessary to be done and charge the entire cost and expense to the OWNER or OWNER'S successors or assigns, including administrative costs, attorney fees and interest thereon at the maximum rate authorized by the Civil Code from the date of the notice of expense until paid in full. 4. The CITY may require the OWNER to post security in form and for a time period satisfactory to the CITY to guarantee the performance of the obligations stated herein. Should the OWNER fail to perform the obligations under this Covenant, the CITY may, in the case of cash bond, act for the OWNER using the proceeds from it, or in the case of a surety bond, require the sureties to perform obligations of the Covenant. As an additional remedy, the CITY may withdraw any previous Urban Runoff-related approval with respect to the property on which the BMPs have been installed and/or implemented until such time as OWNER repays the CITY its reasonable costs incurred in accordance with paragraph 3 above. 5. This covenant shall be recorded in the Office of the Recorder of Riverside County, California, at the expense of the OWNER and shall constitute notice to all successors and assigns of the title to said Property of the obligations herein set forth, and also a lien in such amount as will fully reimburse the CITY, including interest as herein above set forth,subject to foreclosure in event of default in payment. 6. In event of legal action occasioned by any default or action of the OWNER, or its successors or assigns, then the OWNER and is successors or assigns agree(s) to pay all costs incurred by the CITY in enforcing the terms of this Covenant, including reasonable attorney's fees and costs, and that the same shall become a part of the lien against said Property. 7. It is the OWNER that burdens and benefits herein undertaken shall constitute covenants that run with said Property and constitute a lien there against. 8. The obligations herein undertaken shall run with and burden the Property and shall be binding upon the heirs, successors, executors, administrators and assigns of the OWNER. The term "Owner" shall include not only the present OWNER, but also its heirs, successors, executors, administrators, and assigns. OWNER shall notify any successor to title of all or part of the Property about the existence of this Covenant. OWNER shall provide such notice prior to such successor obtaining an interest in all or part _ of the Property. OWNER shall provide a copy of such notice to the CITY at the same time such notice is provided to the successor. 9. Time is of the essence in performance of this Covenant. 10. Any notice to a party required or called for in the Covenant shall be served in person, or by deposit in the U.S. Mail, first class postage prepaid, to the address set forth below. Notices(s) shall be deemed effective upon receipt, or seventy-two (72) hours after deposit in the U.S. Mail, whichever is earlier. A party may change a notice address only by providing written notice thereof to the other party. IF TO CITY: IF TO OWNER: City of Cathedral City STR Fund IX Acquisition, LLC Attn: City Manager Attn:J. Lyle Scheppele 68-700 Avenida Lab Guerrero 3600 Birch St.,Ste 130 Cathedral City, CA 92234 Newport Beach,CA 92660 11. This Covenant may be enforced by the CITY. The City Manager or his/her designee is authorized to act and administer this Covenant on behalf of the CITY. IN WITNESS HEREOF the parties hereto have affixed their signatures as of this % '7 day of ,Ueirt t/zw 210 I [All owners of record must sign.] OWNER: OWNER: J.Lyle Scheppele,Member PSW-SM,LLC a California Limited Liability Company,Sole Member of STR Fund IX Acquisition,LLC (Owner's name) Member (Title) (Title) STR Fund IX Acquisition,LLC _ (Company) (Company) NOTARIES ON FOLLOWING PAGES CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of Ora vAg e ) On 03C0.-1 2e3(S before me, f VIVAV1o'�D� (.12A/1 V�.Q/✓4 i Nei Q � IC, Date Here Insert Name and Title of the ter personally appeared Oa woes (,-Q Sck e pp e e J Name,(aj�of SigY7er(sf who proved to me on the basis of satisfactory evidence to be the person(2)/whose name(s)1s/are- subscribed to the within instrument and acknowledged to me that he/sbe4hey executed the same in his/tterftlr'eir authorized capacity res),and that by his/herftheir signature(s)don the instrument the person(e r or the entity upon behalf of which the persons) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph - is true and correct. WITNESS : •• and official seal. MIRANDA LENNERT i .1 .,.� Commission•California 71011 • �*�;%� Notary Public-C > Signature � ��-� � ? Orange County Signature of 'ota 'Public My Comm.Expires Jun 10,2018' Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: (_ ev1avi4- \ O ("Document Date: \1 OGVl'$rJtc Number of Pages: -- Signer(s) Other Than Named Above: N) Capa ie lined by Signer(s) Signer's (;nom Signer's Name: ❑Corpora - Offi .- — Trtle(s): ❑Corporate Officer — Title(s): ❑Partner — U limited ❑General ❑Partner — ❑ Limited ❑General ❑ Individual ❑Attorney in Fact ❑Individual ❑Attorney in Fact ❑Trustee ■ Guardian or Conservator ❑Trustee ❑Guardian or Conservator ❑Other: ❑ Other: Signer Is Representing. Signer Is Representing: ©2014 National Notary Association•www.NationalNotary.org• 1-800-US NOTARY(1-800-876-6827) Item#5907 EXHIBIT A (Legal Description) • • J PARCEL 2 OF PARCEL MAP NO.35032, IN THE CITY OF CATEHDRAL CITY, COUNTY OF RIVERSIDE,STATE OF CALIFORNIA,AS SHOWN BY MAP ON FILE IN BOOK 234, PAGES 13 THROUGH 15, INCLUSIVE,OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. EXHIBIT B (Map/Illustration) IN TIE CITY OF GflNSRAL CITY.MINTY OF RIIRRSIOE.STATE OF SILIEONIIA SHEET J OF 7 • PARCEL MAP NO. 35032 ■ ��� KING A 9AIDIYISICN OF PAROILLS I NO 2 OF PARCEL WP M.29286.AS SIM SY PARCEL NAP O FILE IN NOOK Cr NM.PASTS 14 TH OM IS. INCLUSIVE.OF PAYCI L WPS.MOMS OF RIMS=COI.QY. STATE Or TIFOINIA p? I PARCEL MAP NO. 34063 , a 1 ... ML P.M.B. 218/43-44 - ______.. RCA[)N69.37'O6•N 279.00' _, El / N59'S7'06'N37O6.R1-N69'37'02'r 139.46' 139.52' 6.37' • .13 N69.37'O6•. .,.46' d Ta {� I. 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