Loading...
HomeMy WebLinkAboutDeed 1421 tr . a 1421 Lawyers Title DOC # 2011 - 0525149 RECORDING REQUESTED BY 11/29/2011 10:53 AM Fees: $24.00 I Lawyers Title Company. Page 1 of 4 WHEN RECORDED MAIL THIS DOCUMENT AND TAX STATEMENTS TO Recorded in Official Records Cathedral City Redevelopment Agency County of Riverside ATTN: aim Cleary Larry W . Ward l I 68 - 700 Ave. Lalo Guerrero Assessor County Clerk & Recorder Cathedral City, 92234 f t ion • so0 voi - ` *This document was electronically submitted APN: 687 - 500 - 006 - to the County of Riverside for recording ** TRA: 019 - 038 Receipted by: YSEGURA Escrow No: 07804840 708 - RES I Title No 611696405 Space above this line for Recorder's use t GRANT DEED i THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX IS $0.00, CITY TAX $0.00 n computed on full value of property conveyed, I. City of Cathedral City, AND I FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Nelson B. Soto and Lestalee Soto, as Trustees of the Soto Revocable Living Trust dated 3une 7, 1999 l hereby GRANT(S) to Cathedral City Redevelopment Agency, a public body, corporate and politic i I the following described real property in the City of Cathedral City, County of Riverside, State of California: SEE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF i l THIS CONVEYANCE I5 AN ACQUISITION OF TITLE BY AN EXEMPT GOVERNMENT ENTITY, R&T 11922. Commonly known as: 68 -765 and 68 -777 "A" Street, Cathedral City, CA 92234 Dated: October 11. 2011 The So of ocable Living Trust • , S .C1• 1:- 1 STATE OF CALIFORNIA }ss: Nelson =. Soto, Trustee COUNTY OF /eir-% -1 On 64-' l 3 , -fo li , before me, = .S- ee--.asc) , a Notary Public, ert name and title of the officer) �) perso all a geared -r4)---, F. - Vie ./1�Ri? _. /� . / estalee Soto, Trustee who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /0 subscribed to the I within instrument and acknowledged to me that he/ I she/ari executed the same in his /her , jj authorized capac (les), and that by his/her/ (118 i signa ure(s) on the instrument the person(s), or the entity upon behalf of which ROBERT A. ELMORE the person(s) acted, executed the instrument. Commission • 1929790 I certify under PENALTY OF PERJURY under the laws of the 1' ' Notary Public - California State of California that the foregoing paragraph is true and i '+'t) Riverside County t correct. Comm. Ex ire: r 11. 2015 WITNESS my hand and official seal. i I Signature / --/-7-421-. ,# 8 q (This area for notary stamp) MAIL TAX STATEMENTS AS DIRECTED ABOVE a t J • Lawyers Title • RECORDING REQUESTED BY Lawyers Title Company. WHEN RECORDED MAIL THIS DOCUMENT AND TAX STATEMENTS TO: Cathedral City Redevelopment Agency ATTN: Jim Cleary 68 -700 Ave. Lalo Guerrero Cathedral City, 92234 (or') •Sa0 . 001 -I APN: 687 - 500 -006 -0 TRA: 019 -038 Escrow No: 07804840 - 708 -RE5 Title No: 611696405 Space above this line for Recorder's use GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX IS $0.00, CITY TAX $0.00 computed on full value of property conveyed, City of Cathedral City, AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Nelson B. Soto and Lestalee Soto, as Trustees of the Soto Revocable Living Trust dated June 7, 1999 hereby GRANT(S) to Cathedral City Redevelopment Agency, a public body, corporate and politic the following described real property in the City of Cathedral City, County of Riverside, State of California: SEE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF THIS CONVEYANCE IS AN ACQUISITION OF TITLE BY AN EXEMPT GOVERNMENT ENTITY, R &T f 11922. i i Commonly known as: 68 -765 and 68 -777 "A" Street, Cathedral City, CA 92234 Dated: October 11, 2011 The Soto ocable Livi Trust f STATE OF CALIFORNIA }ss: Nelson :. Soto, Trustee ` : COUNTY OF /�dr/c -cJ € i t - 4 zee' On � % , before me, ece ---vim , a Notary Public, (h� ere insert name and ' it a of the officer) / / P - - persoall appeared c1-r f3, —Oleo ( .:� 1i _/ , !.o,: / _ • i le a estalee Soto, Trustee who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /g3 subscribed to the within instrument and acknowledged to me that he/ she/ie executed the same in his /her/ authorized capacity( ei ies), and that by his /her / signature(s) on the instrument the person(s), or the entity upon behalf of which ROBERT A. ELMORE the person(s) acted, executed the instrument. _.,1..„...„, , Commission 1929790 j t1,c I certify under PENALTY OF PERJURY under the laws of the i ` 1 Notary Public - California ) State of California that the foregoing paragraph is true and M Riverside County correct. M Comm. Expires A r 18.2015 WITNESS my hand and official seal. Signature "o ) IN k (This area for notary stamp) MAIL TAX STATEMENTS AS DIRECTED ABOVE i i i GOVERNMENT CODE 27361.7 I CERTIFY UNDER PENALTY OF PERJURY THAT THE NOTARY SEAL ON THE DOCUMENT TO WHICH THIS STATEMENT I5 ATTACHED READS AS FOLLOWS: i NAME OF NOTARY: 9 -ut. d. Eli14-43rU- COMMISSION NO: 111 07 4 7.1 0 PLACE OF EXECUTION: .c./u,t DATE COMMISSION EXPIRES: 4— / 1 • it MANUFACTURER /VENDS NO N ■J A- 1 SIGNATURE: DATE: /1 'e-a - { [ F� �tt } 24 a 1 ; 1 EXHIBIT "A" All that certain real property situated in the County of Riverside, State of California, described as follows: Lots 167 and 168 of Cathedral City, in the City of Cathedral City, County of Riverside, State of 1 California, as per map recorded in Book 13, Pages 24 through 26 of Maps, In the Office of the County Recorder of said County. Assessor's Parcel Number: 687 -500 -006; 007 1 1 1 • , w • Cat/,edrat City • CERTIFICATE OF ACCEPTANCE THIS IS TO CERTIFY that the interest in real property conveyed by Grant Deed, dated October 11, 2011 from NELSON B. SOTO and LESTALEE SOTO, as Trustees of the Soto Revocable Living Trust dated June 7, 1999, HEREBY GRANTS TO THE CATHEDRAL CITY REDEVELOPMENT AGENCY, A PUBLIC BODY, CORPORATE AND POLITIC, GRANTEE, the real property addressed at 68 -765 AND 68 -777 "A" STREET, City of Cathedral, County of Riverside, State of California ( "Property ") 92234, is hereby accepted by the Assistant Secretary of said Agency on this 15 day of November 2011, pursuant to authority granted by the Redevelopment Agency Board of said City, by Resolution No R -105 made on the 7 day of January, 1987, and the Grantee consents to recordation thereof by said Assistant Secretary, its duly- authorized officer. Dated at Cathedral City, California, this 15 November 2011. L • T. Mall ' tto Assistant Secretary Redevelopment Agency City of Cathedral City APN No 687 - 500 -006 & 007 t I „cp.'s of R Recorder LARRY W. WARD P.O. Box 751 - COUNTY OF RIVERSIDE Riverside, CA 92502 -0751 y �. � ASSESSOR- COUNTY CLERK - RECORDER (951)486 -7000 � Website: www.riversideacr.com AFFIDAVIT CLAIM OF EXEMPTION FROM I DOCUMENTARY TRANSFER TAX t I NOTICE: ANY MATERIAL MISREPRESENTATION OF FACT IN THIS AFFIDAVIT IS A MISDEMEANOR UNDER SECTION 5 OF ORDINANCE 516 OF THE COUNTY OF RIVERSIDE. ANY PERSON WHO MAKES I SUCH A MISREPRESENTATION IS SUBJECT TO PROSECUTION FOR SUCH OFFENSE. bbl - 5Oo - oob ASSESSOR'S PARCEL NO. 687 -- 500 -- 007 I declare that the documentary transfer tax for this Property Address: 68765 & 68777 "A" Street, Cathedral City transaction is: $ 0.00 . 9ZZ I CLAIM THAT THIS TRANSACTION IS EXEMPT FROM DOCUMENTARY TRANSFER TAX BECAUSE: t (The Sections listed below are taken from the Revenue and Taxation Code. Please check one or explain in "Other ") € 1. _ Section 11911. The consideration is $100.00 or less (excluding the value of any assumed lien or encumbrance). 2. _ Section 11911. The document is a lease for a term of less than thirty-five (35) years (including options). 3. _ Section 11911. The easement is not perpetual, permanent, or for life. 4. Section 11921. The instrument was given to secure a debt. 5. 7 Section 11922. The conveyance is to a governmental entity or political subdivision. 6. Section 11925. The transfer is between individuals and a legal entity, or between legal entities, and does not change the proportional interests held. 7. Section 11927. The conveyance relates to a dissolution of marriage or legal separation. 8. _ Section 11930. The conveyance is an inter vivos gift* or a transfer by death. *Please be aware that information stated on this document may be given to and used by governmental 1 agencies, including the Internal Revenue Service. Also, certain gifts in excess of the annual Federal gift tax exemption may trigger a Federal Gift Tax. In such cases, the Transferor (donor /grantor) may be required to file Form 709 (Federal Gift Tax Return) with the Internal Revenue Service. ti 9. _ Section 11930. The conveyance is to the grantor's revocable living trust. 1 I 10. Other (Include explanation and authority) ( I DECLARE UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT. xecuted this day of , 20 )J at P Lir . .A.! .' f c - T� E : City State l . / � `I .,_ .- �� _ �._ - — .. Nelson B. Soto / Lestalee Soto ignature of 7 ffiant Printed Name of Affiant • ) Address of Af �? l7,, -K /a 25 / oid- d z19a„ Name of Firm (if applicable) f - 260- c.5-,5 Telephone Number of Affiant (including area code) WARNING ANY PERSON WHO MAKES ANY MATERIAL MISREPRESENTATION OF FACT FOR THE PURPOSE OF AVOIDING ALL OR ANY PART OF THE DOCUMENTARY TRANSFER TAX IS GUILTY OF A MISDEMEANOR UNDER SECTION 5 OF ORDINANCE 516 OF THE COUNTY OF RIVERSIDE. This form is subject to the California Public Records Act (Government Code 6250 et. seq.) For Recorder's Use: ( Affix PCOR Label Here t ACR 521- AS4EXO (Rev. 9/2010) I 1 BOE 502 A (P1) REV. 11 (07 10) FOR RECORDER'S USE ONLY PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue and Taxation Code. A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located. Please answer all questions in each section, and sign and complete the certification before filing. This form may be used in all 58 Califomia counties. If a document evidencing a change in ownership is presented to the Recorder for recordation without the concurrent filing of a Preliminary Change of Ownership Report, the Recorder may charge an additional recording fee of twenty dollars ($20). NOTICE: The property which you acquired may be subject to a supplemental assessment in an amount to be determined by the County Assessor. Supplemental assessments are not paid by the title or escrow company at close of escrow, and are not included in lender impound accounts. You may be responsible f j for the current or upcoming property taxes even if you do not receive the tax bill. j ESCROW NO.: 07804840- 708 -RE5 TITLE NO.: 07804840 SELLER/TRANSFEROR: The Soto Revocable Living Trust BUYER/TRANSFEREE: Cathedral City Redevelopment Agency ASSESSOR'S PARCEL NUMBER: 687 - 500 -006 -0 687 - 500 -007 -1 t STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY: 68 -765 and 68 -777 "A" Street, Cathedral City, CA 92234 LEGAL DESCRIPTION: LOT 167 AND LOT 168 MB 013 /024 CATHEDRAL CITY MAIL PROPERTY TAX INFORMATION TO: Cathedral City Redevelopment Aaencv 68 -700 Ave. Lalo Guerrero Cathedral City, 92234 BUYER'S DAYTIME TELEPHONE NUMBER: ©`0) 770. ❑ YES ❑ NO This property is intended as my principal residence. If YES, please indicate the MO DAY YEAR date of occupancy or intended occupancy. PART 1. TRANSFER INFORMATION Please complete all statements. 1 YES NO ❑ ji A. This transfer is solely between spouses (addition or removal ofa spouse, death ofa spouse, divorce settlement, etc.). j ❑ ■ B. This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal ofa ( partner, death ofa partner, termination settlement, etc.). i ❑ • * C. This is a transfer between: ❑ parent(s) and child(ren) ❑ grandparent(s) and grandchild(ren). i ❑ • * D This transaction is to replace a principal residence by a person 55 years of age or older. Within the same county? ❑ YES ❑ NO ❑ 1 * E. This transaction is to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code section 69.5. Within the same county? ❑ YES ❑ NO ❑ 1116 F. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon f marriage). If YES, please explain: ❑ 6af G. The recorded document creates, terminates, or reconveys a lender's interest in the property. I ❑ • H. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest f (e.g., cosigner). If YES, please explain: r ❑ IN I. The recorded document substitutes a trustee of a trust, mortgage, or other similar document. J. This is a transfer of property: i ❑ • 1. to /from a revocable trust that may be revoked by the transferor and is for the benefit of ❑ the transferor, and /or ❑ the transferor's spouse ❑ registered domestic partner. ❑ Ills 2. to /from a trust that may be revoked by the creator /grantor /trustor who is also a joint tenant, and which names the other joint tenant(s) as beneficiaries when the creator /grantor /trustor dies. ❑ Ills 3. to /from an irrevocable trust for the benefit of the ❑ creator /grantor / trustor and /or ❑ grantor's /trustor's spouse ❑ grantor's / trustor's registered domestic partner. ❑ • 4. to /from an irrevocable trust from which the property reverts to the creator /grantor / trustor within 12 years. ❑ If K. This property is subject to a lease with a remaining lease term of 35 years or more including written options. s ❑ • L. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel being transferred remain exactly the same after the transfer. 1 ) ❑ Ill M This is a transfer subject to subsidized low- income housing requirements with govemmentally imposed restrictions. ❑ MI * N. This transfer is to the first purchaser of a new building containing an active solar energy system. * If you checked YES to statements C, D, or E, you may qualify for a property tax reassessment exclusion, which may allow you to maintain your previous tax base. If you checked YES to statement N, you may qualify for a property tax new construction exclusion. A claim form must be filed and all requirements met in order to obtain any of these exclusions. Contact the Assessor for claim forms. E Please provide any other information that will help the Assessor understand the nature of the transfer. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION COMPLETE, SIGN & RETURN t . i i E (pcor) (10 -03) (Rev. 10 -10) • r , ' N • BOE -502 -A (P2) REV. 11 (07 -10) PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: E B. Type of transfer: ❑ Purchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE- 100 -B) g 1 ❑ Contract of sale. Date of contract: Inheritance. Date of death: f ❑ Sale /leaseback ❑ Creation of a lease ❑ Assignment of a lease ❑ Termination of a lease. Date lease began: R Original term in years (including written option Remaining term in years (including written option Y 9 9 9 P' Other. Please explain: :5- N elJt 'rjO C•1C•1 tJ C. Only a partial interest in the property was transferred. ❑ YES • NO If YES, indicate the percentage transferred: ok PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Total purchase or acquisition price. Do not include closing costs or mortgage insurance. $___ E Down payment: $ Interest rate: % Seller -paid points or closing costs: $ e ' Balloon payment: $ ❑ Loan carried by seller ❑ Assumption of Contractual Assessment* with a remaining balance of: $ * An assessment used to finance property- specific improvements that constitutes a lien against the real property. B. The property was purchased: ❑ Through real estate broker. Broker name: Phone number: ( ) ❑ Direct from seller ❑ From a family member in Other. Please explain: -- .4- -- - - r1/145 - -NIT 12:c)11/ 14 C. Please explain any special terms, seller concessions, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. i PART 4. PROPERTY INFORMATION Check and complete as applicable. A. Type of property transferred ❑ Single- family residence ❑ Co -op /Own- your -own ❑ Manufactured home 0 Multiple - family residence. Number of units: ❑ Condominium ❑ Unimproved lot ❑ Other. Description: (i.e., timber, mineral, water rights, etc.) ❑ Timeshare ❑ Commercial /Industrial B. ❑ YES a NO Personal /business property, or incentives, are included in the purchase price. Examples are furniture, farm equipment, machinery, club memberships, etc. Attach list if available. r If YES, enter the value If the personal /business property: $ r C. ❑ YES if NO A manufactured home is included in the purchase price. If YES, enter the value attributed to the manufactured home: $ ❑ YES ❑ NO The manufactured home is subject to local property tax. If NO, enter decal number: D. WYES ❑ NO The property produces rental or other income. If YES, the income is from: a1allief rent ❑ Contract ❑ Mineral rights ❑ Other: E. The condition of the property at the time of sale was: ❑ Good ❑ Average ❑ Fair a Poor CERTIFICATION 1 certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief This declaration is binding on each and t every yer /transfe - -. SIGNA Eary4PRAN • E OR i PORATE OFFICER DATE //1-1 1/ NAME OF BUYER/TRANSFEREE /LEGAL REPRESE r ATIVE/CORPORATE OFFICER (PLEASE PRINT) TITLE Donald E. Bradley / Cathedral City • edevelopment Agency Executive Director E -MAIL ADDRESS r 4 The Assessor's office may contact you for additional information recording this transaction. f COMPLETE, SIGN & RETURN (pcor) (10 -03) (Rev. 10 -10)