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Owner Participation Agreement 1990-1890581151 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: POWAY REDEVELOPMENT AGENCY ATTN: CITY CLERK'S OFFICE P.O. BOX 789 POWAY, CA 92064 O -19058 n 90 APR -9 AH i0= 55 { VERA L..YLE 1 gGClfit Y i r;sORteR NO FEE Space above for Recorder's use only OWNER PARTICIPATION AGREEMENT by and between the POWAY REDEVELOPMENT AGENCY, and ADI PROPERTIES, INC. AGENCY, PARTICIPANT. II 1152 TABLE OF CONTENTS I. [ §100] SUBJECT OF AGREEMENT A. [ §101] Purpose of Agreement B. [ §102] The Redevelopment Plan C. [ §103] The Site D. [ §104] Parties to the Agreement 1. [ §105] The Agency 2. [ §106] The Participant 3. [ §107] Relationship of Agency and Participant 4. [ §108] Prohibition Against change in Ownership, Management and Control of Participant [ §200] ACQUISITION AND DEVELOPMENT OF THE SITE A. [ §201] Acquisition of Site B. [ §202] Scope of Development C. [ §203] Cost of Construction D. [ §204] Bodily Injury and Property Damage Insurance E. [ §205] City and Other Governmental Agency Permits F. [ §206] Local, State and Federal Laws G. [ §207] Antidiscrimination During Construction H. [ §208] Certificate of Completion I. [ §209] Liquidated Damages III [ §300] USF OF THE SITE A. [ §301] Uses B. [ §302] Rights of Access C. [ §303] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction (i) 1153 IV. [ §400] GENERAL PROVISIONS A. [ §401] Notices, Demands and Communications Between the Parties B. [ §402] Conflicts of Interest C. [ §403] Enforced Delay; Extension of Times of Performance D. [ §404] Nonliability of Officials and Employees of the Agency V. [ §500] DEFAULTS AND REMEDIES A. [ §501] Defaults -- General B. [ §502] Applicable Law 1. [ §503] Institution of Legal Actions 2. [§504] Applicable Law 3. [ §505] Acceptance of Service of Process C. [ §506] Rights and Remedies Are Cumulative D. [ §507] Inaction Not a Waiver of Default E. [ §508] Remedies and Rights of Termination 1. [ §509] Damages 2. [ §510] Specific Performance VI. [ §600] SPECIAL PROVISIONS A. [§601] Successors in Interest C. [ §602] Amendments to this Agreement VII. [ §700] ENTIRE AGREEMENT, WAIVERS ATTACHMENTS Attachment No. 1 Site Map Attachment No. 2 Legal Description Attachment No. 3 Schedule of Performance Attachment No. 4 Scope of Development Attachment No. 5 Covenants Attachment No. 6 Certificate of Completion (ii) 1154 OWNER PARTICIPATION AGREEMENT THIS AGREEMENT is entered into by and between the POWAY REDEVELOPMENT AGENCY (the "Agency ") and ADI PROPERTIES, INC., a California corporation (the "Participant "). The Agency and the Participant hereby agree as follows: I. [ §100] SUBJECT OF AGREEMENT A. [ §101] Purpose of Agreement The purpose of this Agreement is to.effectuate the Redevelopment Plan (as hereinafter defined) for the Paguay Redevelopment Project Area by providing for the development of certain property situated within the Project Area (the "Project Area "). That portion of the Project Area to be developed pursuant to this Agreement (the "Site ") is depicted on the "Site Map ", which is attached hereto as Attachment No. 1 and incorporated herein by reference. This Agreement is entered into for the purpose of developing the Site (the "Project ") and not for speculation in land holding. Completing the development on the Site pursuant to this Agreement is in the vital and best interest of the City of Poway, California (the "City ") and the health, safety and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements under which the Project has been undertaken_ B. [ §102] The Redevelopment Plan The Redevelopment Plan was approved and adopted by the City Council of the City of Poway by Ordinance No. 117; said ordinance and The Redevelopment Plan as so approved (the "Redevelopment Plan ") are incorporated herein by reference. C. [ §103] The Site The Site is that portion of the Project Area designated on the Site Map (Attachment No. 1) and described in the "Legal Description ", which is attached hereto as Attachment No. 2 and is incorporated herein by reference. The Site is to be acquired by the Participant no later than thirty (30) days from the execution of this Agreement, pursuant to a separate purchase and sale agreement between Poway Land Inc. and the Participant. 1155 D. [ §1041 Parties to the Agreement 1. [ §1051 The Agency The Agency is a public body, corporate and politic, exercising governmental functions and powers and organized and existing under Chapter 2 of the Community Redevelopment Law of the State of California. The principal office and mailing address of the Agency (for purposes of this Agreement) is located at 13325 Civic Center Drive, Poway, California 92064. "Agency ", as used in this Agreement, includes the Poway Redevelopment Agency, and any assignee of or successor to its rights, powers and responsibilities. 2. [ §1061 The Participant The Participant is ADI Properties, Inc., a California corporation. The primary shareholders and their addresses of the corporation are as follows: George H. Codling 12707 High Bluff Drive Suite 135 San Diego, California 92130 Malin Burnham 610 West Ash San Diego, California 92101 Tom James 12707 High Bluff Drive Suite 135 San Diego, California 92130 3. [ §1071 Relationship of Agency and Participant It is hereby acknowledged that the relationship between the Agency and the Participant is not that of a partnership nor joint venture and that the Agency and the Participant shall not be deemed or construed for any purpose to be the agent of the other. 4. [ §1081 Prohibition Against Change in Ownership, Management and Control of Participant The Participant recognizes that, in view of (a) the importance of the redevelopment of the Site to the general welfare of the community; 06/02/89 4009n/2345/015 -2- 1156 (b) the substantial financing and other public aids that have been or will be made available by law and by the government for the purpose of making such redevelopment possible; and (c) the fact that a change in ownership or control of the Participant or of a substantial part thereof, or any other act or transaction involving or resulting in a significant change in ownership or control of the Participant or the degree thereof, is for practical purposes a transfer or disposition of the property then owned by the Participant; the qualifications and identity of the Participant are of particular concern to the City and the Agency. It is because of those qualifications and identity that the Agency has entered into this Agreement with the Participant. No voluntary or involuntary successor in interest of the Participant shall acquire any rights or powers under this Agreement except as expressly set forth herein, or expressly permitted hereby. The Participant shall not assign all or any part of this Agreement without the prior written approval of the Agency. For the reasons cited above, the Participant represents and agrees for itself and any successor in interest of itself that prior to issuance by the Agency of a Certificate of Completion and without the prior written approval of the Agency, there shall be no significant change in the ownership of the Participant or in the relative proportions thereof, or with respect to the identity of the parties in control of the Participant or the degree thereof, by any methods or means. Notwithstanding any other provision hereof, the Participant may in its discretion join and associate with other entities in joint ventures, partnerships or otherwise for the purpose of acquiring and /or developing the Site provided that the principals of the Participant (i) remain fully responsible to the Agency for the obligations of the Participant under this Agreement as provided in this Agreement; (ii) retain management and decision - making control of the Participant; and (iii) receive no profit from such agreements prior to the issuance of the Certificate of Completion for the entire Site by the Agency. The Participant shall promptly notify the Agency of any and all changes whatsoever in the identity of the parties in control of the Participant or the degree thereof, of which it or any of its officers have been notified or otherwise have knowledge or information. This Agreement may be terminated by the Agency if there is any significant change (voluntary or involuntary) in membership, management or control of the Participant prior to the issuance of a Certificate of Completion for all construction and development to be completed by the Participant on the Site as hereinafter provided. 06/02/89 4009n/2345/015 -3- 1157 Excepting only to the extent as may be permitted pursuant to the foregoing portion of this Section 108, the Participant shall not assign all or any part of this Agreement or any rights hereunder or add limited or general partners without the prior written approval of the Agency. The Participant shall promptly notify the Agency in writing of any and all changes whatsoever in the identity of the persons in control of the Participant and the degree thereof. All transferees shall be bound by this Section 108 as well as the other provisions of this Agreement. In the absence of specific written agreement by the Agency of an assignment requested by the Participant, no such transfer, assignment or approval by the Agency shall be deemed to relieve the Participant or any other party from any obligation under this Agreement. All of the terms, covenants and conditions of this Agreement shall be binding upon and shall inure to the benefit of the Participant and the permitted successors and assigns of the Participant. Whenever the term "Participant" is used herein, such term shall include any other permitted successors and assigns as herein provided. The restrictions of this Section 108 shall terminate and be of no further force and effect after the issuance by the Agency of the Certificate of Completion with respect to all of the Participant Improvements. II. [ §200] ACQUISITION AND DEVELOPMENT OF THE SITE A. [ §201] Acquisition of the Site Prior to or within thirty days of the execution of this Agreement, the Participant shall have acquired title to the Site pursuant to its agreement with the Poway Land Development Company. B. [ §202] Scope of Development The Participant shall commence and complete the development, including the construction of the Improvements (as defined in the Scope of Development attached hereto and incorporated herein as Attachment No. 4) according to the Schedule of Performance (Attachment No. 3). The development includes all plans and specifications submitted to City and /or Agency for approval, and shall incorporate or show compliance with all applicable mitigation measures. 06/02/89 4009n/2345/015 -4- 1158 C. [ §203] Cost of Construction The costs of site preparation and construction of the Improvements described in the Scope of Development shall be borne by the Participant. D. [ §204] Bodily Injury and Property Damage Insurance The Participant shall defend, assume all responsibility for and hold the Agency, its officers and employees, harmless from all claims or suits for, and damages to, property and injuries to persons, including accidental death (including attorneys fees and costs), which may be caused by any of the Participant's activities under this Agreement, whether such activities or performance thereof be by the Participant or anyone directly or indirectly employed or contracted with by the Participant and whether such damage shall accrue or be discovered before or after termination of this Agreement. The Participant shall maintain throughout the period from the time of execution of this Agreement until issuance of the Certificate of Completion (Attachment No. 3), a comprehensive liability policy in the amount of One Million Dollars ($1,000,000.00) per occurrence combined single limit policy, including contractual liability, as shall protect the Participant, City and Agency from claims for such damages. The Participant shall furnish a certificate of insurance countersigned by an authorized agent of the insurance carrier on a form of the insurance carrier setting forth the general provisions of the insurance coverage. This countersigned certificate shall name the City and the Agency and their respective offices, agents and employees as additional insureds under the policy. The certificate by the insurance carrier shall contain a statement of obligation on the part of the carrier to notify City and the Agency of any material change, cancellation or termination of the coverage at least thirty (30) days in advance of the effective date of any such material change, cancellation or termination. Coverage provided hereunder by the Participant shall be primary insurance and not contributing with any insurance maintained by the Agency or City, and the policy shall contain such an endorsement. The insurance policy or the certificate of insurance shall contain a waiver of subrogation for the benefit of the City and the Agency. The Participant shall also furnish or cause to be furnished to the Agency evidence satisfactory to the Agency that any contractor with whom it has contracted for the performance of work on the Site or otherwise pursuant to this Agreement carries workers' compensation insurance as required by law. 06/02/89 4009n/2345/015 -5- 1159 E. [ §205] City and Other Governmental Agency Permits Before commencement of construction or development of any buildings, structures or other works of improvement upon the Site or within the Project Area, the Participant shall, at its own expense, secure or cause to be secured any and all permits which may be required by the City or any other governmental agency affected by such construction, development or work. It is understood that the Participant's obligation is to pay all necessary fees and to timely submit to the City final drawings with final corrections to obtain a building permit. F. [ §206] Local, State and Federal Laws The Participant shall carry out the construction of the improvements in conformity with all applicable laws, including all applicable federal immigration laws and federal and state labor standards provided, however, Participant and its contractors, successors, assignees, transferees and lessees are not waiving their rights to contest any such laws, rules or standards. G. [ §207] Antidiscrimination During Construction The Participant agrees that in the construction of the improvements provided for in this Agreement, the Participant will not discriminate against any employee or applicant for employment because of race, color, creed, religion, age, sex, marital status, handicap, national origin or ancestry. H. [ §208] Certificate of Completion Promptly after completion of all construction and development required by this Agreement to be completed by the Participant upon the Site in conformity with this Agreement, the Agency shall furnish the Participant with a Certificate of Completion upon written request therefor by the Participant. Such Certificate shall be substantially in the form of Attachment No. 3 hereto. The Agency shall not unreasonably withhold any such Certificate of Completion. Such Certificate of Completion shall be a conclusive determination of satisfactory completion of the construction required by this Agreement upon the Site and the Certificate of Completion shall so state. If the Agency refuses or fails to furnish a Certificate of Completion for the Improvements after written request from the Participant, the Agency shall, within thirty 06/02/89 4009n/2345/015 -6- 1160 (30) days of written request therefor, provide the Participant with a written statement of the reasons the Agency refused or failed to furnish a Certificate of Completion. The statement shall also contain Agency's opinion of the actions of the Participant must take to obtain a Certificate of Completion. Such Certificate of Completion is not a notice of completion as referred to in the California Civil Code, Section 3093. [ §2091 Schedule of Performance; Liquidation Damages PARTICIPANT RECOGNIZES THAT ADHERANCE TO THE SCHEDULE OF PERFORMANCE (ATTACHMENT NO. 3) IS OF CRITICAL IMPORTANCE TO THE AGENCY AND THAT DAMAGES SUSTAINED BY THE AGENCY DUE TO FAILURE TO ADHERE TO SAID SCHEDULE OF PERFORMANCE WOULD BE DIFFICULT OR IMPOSSIBLE TO CALCULATE. SUCH DAMAGES WOULD INVOLVE SUCH VARIABLE FACTORS AS THE DELAY OR FRUSTRATION OF TAX REVENUES THEREFROM TO THE CITY AND THE AGENCY, THE DELAY OR FAILURE OF THE AGENCY TO FURTHER THE IMPLEMENTATION OF THE REDEVELOPMENT PLAN, AND LOSS OF OPPORTUNITY TO ENGAGE IN OTHER POTENTIAL TRANSACTIONS, RESULTING IN DAMAGE AND LOSS TO THE AGENCY. IT IS IMPRACTICABLE AND EXTREMELY DIFFICULT TO FIX THE AMOUNT OF SUCH DAMAGES TO THE AGENCY, BUT THE PARTIES ARE OF THE OPINION, UPON THE BASIS OF ALL INFORMATION AVAILABLE TO THEM, THAT SUCH DAMAGES WOULD APPROXIMATELY EQUAL THE AMOUNT OF THREE HUNDRED AND TWENTY THOUSAND DOLLARS ($320,000.00) ON AN ANNUALIZED BASIS, AND SUCH AMOUNT SHALL BE DUE TO THE AGENCY ON A MONTHLY BASIS UPON FAILURE TO MEET THE DEADLINES SET OUT IN III 14 AND III 15 OF THE SCHEDULE OF PERFORMANCE. SAID MONTHLY PAYMENTS SHALL EQUAL THE TOTAL OF ALL LIQUIDATED DAMAGES FOR ANY AND ALL SUCH DEFAULTS AND NOT AS A PENALTY. IN THE EVENT THAT THE PARTICIPANT SHOULD CHALLENGE THE APPLICABILITY OR EFFICACY OF THIS PARAGRAPH OR IF THIS PARAGRAPH SHOULD BE HELD TO BE VOID FOR ANY REASON, THE AGENCY SHALL BE ENTITLED TO THE FULL EXTENT OF DAMAGES OTHERWISE PROVIDED BY LAW. The Participant and acknowledge this liquidated signature below: PARTICIPANT the A W cy specifically damage rovision by their _ AGENCY Carl R. Kruse, Chairman 06/02/89 4009n/2345/015 -7- 1161 III. [ §300] USE OF THE SITE A. [ §301] Uses The Participant covenants and agrees for itself, its successors, its assigns, and every successor in interest to the Site or any part thereof, that during construction and thereafter, the Participant, such successors and such assignees, shall devote the Site to uses consistent with the Redevelopment Plan and the Scope of Development (Attachment No. 4). The Participant covenants by and for itself and any successors in interest that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Site, nor shall the Participant itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Site. The foregoing covenants shall run with the land. The Participant shall refrain from restricting the rental, sale or lease of the Site on the basis of race, color, creed, religion, sex, marital status, handicap, national origin or ancestry of any person. All such deeds, leases or contracts shall contain or be subject to substantially the following nondiscrimination or nonsegregation clauses: 1. In deeds: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land." 06/02/89 4009n/2345/015 -8- 1162 2. In leases: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: "There shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, handicap, age, ancestry or national origin in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the premises herein leased nor shall the lessee himself or herself, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants or vendees in the premises herein leased." 3. In contracts: "There shall be no discrimination against or segregation of, any person, or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, ancestry or national origin, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the premises, nor shall the transferee himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the premises." Except for covenants against discrimination or segregation, which shall continue in effect in perpetuity, the covenants set forth in this Section 301 shall remain in effect until the termination date of the Redevelopment Plan. C. [ §302] Rights of Access The Agency, for itself and for the City and other public agencies, at their sole risk and expense, reserves the right to enter the Slte or any part thereof which is owned or controlled by the Participant, at all reasonable times for the purpose of construction, reconstruction, maintenance, repair or service of any public improvements or public facilities located 06/02/89 4009n/2345/015 -9- 1163 on the Site. Any such entry shall be made only after reasonable notice to Participant, and Agency shall indemnify and hold Participant harmless from any costs, claims, damages or liabilities pertaining to any entry. This Section 303 shall not be deemed to diminish any rights the Agency, the City, or any other public agencies may have without reference to this Section 302. D. [ §303] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction The Agency is deemed the beneficiary of the terms and provisions of this Agreement and of the covenants running with the land, for and in its own rights and for the purposes of protecting the interests of the community and other parties, public or private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. The Agreement and the covenants shall run in favor of the Agency, without regard to whether the Agency has been, remains or is an owner of any land or interest therein in the Site or in the Project Area. The Agency shall have the right, if the Agreement or covenants are breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants may be entitled. After issuance of a Certificate of Completion for all grading and improvements to be completed by the Participant pursuant to this Agreement, all of the terms, covenants, agreements and conditions set forth in this Agreement relating to the Site shall cease and terminate as to that portion of the Site for which the Certificate of Completion is issued, excepting only the provisions listed below which shall survive as follows: (a) Sections 301, 302 and 303 relating to Uses, Maintenance and Access. (b) Section 203 (relating to indemnification and insurance) shall remain in effect in accordance with the terms and conditions set forth therein. (c) Sections 500 to 510 and (relating to rights and remedies) shall remain in effect to the extent necessary to enforce other provisions of this Agreement. 06/02/89 4009n/2345/015 -10- 1164 IV. [ §400] GENERAL PROVISIONS A. [ §401] Notices, Demands and Communications Between the Parties Written notices, demands and communications between the Agency and the Participant shall be sufficiently given if delivered by hand (and a receipt therefor is obtained or is refused to be given) or dispatched by registered or certified mail, postage prepaid, return receipt requested, to the principal offices of the Agency or Participant. Such written notices, demands and communications may be sent in the same manner to such other addresses as either party may from time to time designate by mail as provided in this Section 401. Any written notice, demand or communication shall be deemed received immediately if delivered by hand or if delivered by registered or certified mail return receipt requested. B. [ §402] Conflicts of Interest No member, official or employee of the Agency shall have any personal interest, direct or indirect, in this Agreement, nor shall any member, official or employee participate in any decision relating to the Agreement which affects his personal interests or the interests of any corporation, partnership or association in which he is directly or indirectly interested. The Participant warrants that it has not paid or given, and will not pay or give, any third party any money or other consideration for obtaining this Agreement. C. [ §403] Enforced Delay; Extension of Times of Performance In addition to specific provisions of this Agreement, performance by either party hereunder shall not be deemed to be in default, and all performance and other dates specified in this Agreement and the Attachments hereto shall be extended where delays or defaults are due to: war; insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental restrictions or priority; litigation; unusually severe weather; inability to secure permits, necessary labor, materials or tools; delays of any contractor, subcontractor or supplier; acts or omissions of the, other party; acts or failures to act of the City of Poway or 06/02/89 4009n/2345/015 -11- 1165 any other public or governmental agency or entity (other than the acts or failures to act of the Agency which shall not excuse performance by the Agency); or any other causes beyond the control or without the fault of the party claiming an extension of time to perform. Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty (30) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of Agency and Participant. D. [ §404] Nonliability of Officials and Employees of the Agency No member, official or employee of the Agency or the City shall be personally liable to the Participant, or any successor in interest, in the event of any default or breach by the Agency (or the City) or for any amount which may become due to the Participant or its successors, or on any obligations under the terms of this Agreement. V. [ §500] DEFAULTS AND REMEDIES A. [ §501] Defaults -- General Subject to the extensions of time set forth in Section 403, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under this Agreement. The party who so fails or delays must immediately commence to cure, correct or remedy such failure or delay, and shall complete such cure, correction or remedy with diligence. The injured party shall give written notice of default to the party in default, as well as other persons or entities entitled to notice hereunder, specifying the default complained of by the injured party. Except as required to protect against further damages, the injured party may not institute proceedings against the party in default until thirty (30) days after giving such notice or, provided that the party is proceeding with diligence to cure, such greater time as may be necessary to cure giv?n the nature of the default. Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. 06/02/89 4009n/2345/015 -12- 1166 B. [ §502] Legal Actions 1. [ §503] Institution of Legal Actions In addition to any other rights or remedies and subject to the restrictions in Section 501, either party may institute legal action to cure, correct or remedy any default, to recover damages for any default, or to obtain any other remedy consistent with the purpose of this Agreement. Such legal actions must be instituted in the Superior Court of the County of San Diego, State of California, in an appropriate municipal court in that county, or in the Federal District Court in the Southern District of California. 2. [ §504] Applicable Law The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 3. [ §505] Acceptance of Service of Process In the event that any legal action is commenced by the Participant against the Agency, service of process on the Agency shall be made by personal service upon the Director or in such other manner as may be provided by law. In the event that any legal action is commenced by the Agency against the Participant, service of process on the Participant shall be made by personal service upon an officer of the Participant and shall be valid whether made within or without the State of California or in such other manner as may be provided by law. C. [ §506] Rights and Remedies Are Cumulative Except as otherwise expressly stated in 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 rights or remedies for the same default or any other default by the other party. D. [ §5071 Inaction Not a Waiver of Default Any failures or delays by either party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies, or deprive either such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. 06/02/89 4009n/2345/015 -13- II67 E. [ §508] Remedies and Rights of Termination 1. [ §509] Damages. If either party defaults with regard to any of the provisions of this Agreement, the non - defaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured or commenced to be cured by the defaulting party within thirty (30) days after service of the notice of default (or within such other period as is set forth herein), the defaulting party shall be liable to the other party for any damages caused by such default. 2. [ §510] Specific Performance If either party defaults under any of the provisions of this Agreement, the non - defaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by the defaulting party within thirty (30) days of service of the notice of default, or such other time limit as may be set forth herein with respect to such default, the non - defaulting party at its option may thereafter (but not before) commence an action for specific performance of terms of this Agreement. VI. [ §600] SPECIAL PROVISIONS A. [ §601] Successors In Interest The terms, covenants, conditions and restrictions of this Agreement shall extend to and shall be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of the parties. B. [ §602] Amendments to this Agreement The Participant and the Agency agree to mutually consider reasonable requests for amendments to this Agreement provided said requests are consistent with this Agreement and would not substantially alter the basic business terms included herein. The Agency agrees to reasonably consider changes requested in the Schedule of Performance dates where Participant has provided evidence that the current market for the contemplated uses is not feasible to secure the type of tenants that the parties are intending to occupy the development. 06/02/89 4009n/2345/015 -14- 1168 VII. [ §700] ENTIRE AGREEMENT This Agreement may be signed in counterparts, and is executed in five (5) duplicate originals, each of which is deemed to be an original. This Agreement includes pages 1 through A16 and Attachments 1 through 6, which constitutes the entire understanding and agreement of the parties. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreements between the parties or their predecessors in interest with respect to all or any part of the subject matter hereof. 06/02/89 4009n/2345/015 -15- IN WITNESS WHEREOF, the Agency and the Participant have signed this Agreement on the respective dates set forth below. 1989 POWAY EVELOPMENT AGENCY By: V Chairman ATTEST: Secreta y APPROVED AS TO FORM: Stradling, Yocca, Carlson & Rauth, Special Counsel to the Agency A. /t & ii! Agency Counsel CORPORATE ACKNOWLEDGMENT State of 112�rn 1'e. SS. County of so„ '21f end__ 7120 122 t pzy� SR, VtC , President ADI Properties, Inc. 1169 "AGENCY" 1170 NO. 202 On this the 27 tlay of 7-U .Q. 19 T , before me, C;E4 4DI`ok&4l the undersigned Notary Public, personally appeared F, Rex emw.o. = W Proved to me 011 the basis of safisfactory evidence to be the persorX who executed the within instrument as SR. UICE 10RFSi0eAJT bCOn behalf of the corporation therein named, and acknowledged to me that the corporation executed it. WITNESS my hand and official seal. Owner /-4r T� C Apo ties, 1�99 /'fie+ e. 'O 0/ PioperT�es 1111 STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO ) On the .2? 2— day of Sur e" , 1989, before me, the under- signed, -T Notary Public in and for said State and County, personally appeared Carl R. Kruse and Marjorie K. Wahlsten, personally known to me to be the persons who executed the within instrument as the Chairman and Secretary, on behalf of the POWAY REDEVELOPMENT AGENCY, the corporation therein named, and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its board of directors. WITNESS my hand and official seal. OFFICIAL SEAL ZL O CATHYSWKAW Notary ubl i ` Notary PUWIC Y 12 °•e"® SAN DIEGO COUNTY i MY Conga. ft. May 14,1909 ATTACHMENT N0. 1 STTF. MAP COMMUNITY, R D. —.� -- - ' /POWAY -- --- -as: su CIVIC CENT MIDLAND RD.1 . - R D. 1172 05/25/89 3977n/2345/15 ATTACHMENT N0. 1 ATTACHMENT NO. 2 LEGAL DESCRIPTION 1173 All that DOrtion of the Northwest Quarter of the Southeast Quarter of Section 13, To- r.s!ip 14 South, Range 2 West, San =ernardino Base and *teridian, in the City of Poway, County of San Diego, State of California, according to Official Plat_ thereof, descried as follows: Beginning at the intersection of the Souza line of Poway Road (100.00 feet wide) with the ;lest line of said Northwest Quarter of the Southeast Quarter; thence South 88'42'31" East (Record South 86 041'47" East) along the South lire of said Poway Road to a line which is parallel with and distant 40.00 feet measured at right angles from the West line of said Northwest Quarter of the Southeast Quarter; thence South 2 019'49" West (Record South 2'20'33" West) 1010.36 feet along said parallel line to the TRUE POINT OP BEVIK�N G; thence leaving said lire North 12 009145" East (Record North 12 110'29" East) 70.27 feet to a point on a line parallel with and distant 52.00 feet East Measured at right angles fro? said Best line; thence North 2'19149" East (Record North 2'20'33" East) 76.14 feet to Point A of this description; thence continuing North 2119'49" East, 189.26 _`eat; thence North, 2007105" East (Record North 2 107'49" East) 270.00 feet to a point on a line parallel_ with and distant 51.00 feet East measured at right angles fron said hest line; thence North 2'19'49" East (Record North 2 120133" East) 386.28 feet along the last described parallel lire to the beginning of a tangent curve concave Southeasterly and }:giving a radius of 20 feet; thence Northerly, Northeasterly, and Easterly along the arc of said curve through a central angle of 88057134" (Record 88257'401 a distance of 31.05 feet td a point of cusp vita a tangent lina, a radial line through said point bears North 1117'23" East (:Record North 1 °18'13" East) said tangent line being the South lire of said Poway Road; thence South 66 142137" East, 1699.87 feet, along said South line to a Doi-it distant thereon North 8S'42'37" West, 106.14 feet (Record North 89007'52" West, 105.78 feet) from its intersection with the --eat line of said Northwest Quarter of the Southeast Quarter being the beginning of a tangent 20.00 foot radius curve concave Southwesterly in the boundsry of land described under Parcel 481 -03 in deed to the City cf Pc -Way, recorded July 20, 10087 as File No. 87- 404233 of Official Records. thence along said boundary as follows: Southeasterly and Southerly along the arc of said 20.00 foot radius curve through a central angle of 94010'15" (Record 94'09'30 ") a distance of 32.66 feet; tangent to said curve Scuth 5 127136" West (Record South 5'00'30" We= -t) 213.79 feet to the beginning of a tangent 1042.00 foot radius curve concave Easterly; Southerly along the arc of said curve through a central angle of 4 008'35 ", a distance of 75.35 feet; 'tangent to said curve South 1019103" West (Record South 0 052'03" West) 33.20 to point B of this description; continuing South 1019103" Wcst, 228.24 feet; South 85'40157" East (Record South 69007'57" East) 84.00 feet to a non- tangent 20.00 foot radius curve concave Southeasterly, a radial line of said curve bears North 58 140'57" West (Record North 89`07157" West) to said point; end Northeasterly and Easterly along the arc of said curve through a central an.ele of 91100122" (Record 89'59'27 ") a distance of 31.77 feet to the East line of said Northwest quarter of the Southeast Quarter; thence leaving the e bou of said Parcel 481 -03, South 1 °19'03" hest, 723.66 feet a'_ong said East line_ to t:.= Southeast corner cf said Northwest Quarter . of the southeast Quarter, thence along the Souati line of said Northwest Quarter of the Southeast Quarter North 88 °47'17" West, 1259.22 feet to a point distant ATTACHMENT NO. 2 Page 1 of 2 1174 theron South 88 °47117" East, 40.01 feet from the Southwest corner of said Northwest Quarter of the Southeast Quarter said point being on a line parallel with and distant 40.00 feet East measured at right angles from the West line of said Northwest Quarter of the Southeast Quarter; thence along said parallel line North 2 °19'49" East, 266.67 feet to the TRUE POINT OF BEGINNING. Excepting therefrom that portion lying Northerly of the following described line: Beginning at the hereinabove said point A; thence South 75 000100" East, 20.50 feet; thence North 89 °18127" East, 134.59 feet; thence North 63 021'24" East, 142.74 feet; thence North 55 045154" East, 359.86 feet; thence North 62 °22'32" East, 108.48 feet; thence North 73 °37133" East, 151.91 feet; thence North 63 029151" East, 179.93 feet; thence North 65 00510911" East, 107.81 feet; thence North 78 023104" East, 55.77 feet; thence North 75 000100" East, 12.98 feet to the hereinabove said point B. 6 /A /HALEY.1•t ATTACHMENT N0. 2 Page 2 of 2 ATTACHMENT NO. 3 SCHEDULE OF PERFORMANCE I. PRELIMINARY REVIEW 1175 1. Execution of Agreement by Agency. Not later than (30) days after The Agency shall approve and execute approval by the Agency and subject this agreement, and shall deliver to the prior execution and sub - one (1) copy thereof to the mission of three (3) copies of this Participant. Agreement by the Participant. 2. Submittal of Development Review Application by Participant. Participant shall prepare and submit to the Agency an application for Development Review to include pre- liminary design drawings and environmental assessment. 3. Agency Review of Application and Determination of Completeness. If Agency determines that Application is complete, any requested revisions to preliminary design drawings are submitted to Participant. If Application is incomplete, Agency requests additional information needed. 4. Submission of Revised Preliminary Design Drawings. If original submittal or resubmittal was deemed incomplete and /or revisions to preliminary design drawings were requested, Participant provides additional information as requested and /or resubmits revised preliminary design drawings. Within thirty (30) days after execution of this Agreement. Within thirty (30) days of receipt of Application. Within thirty (30) days of receipt of comments by Agency or its designee. 5. Agency Hearing on Development Review. Within sixty (60) days of receipt Agency prepares and schedules for of completed Application by hearing the Development Review report Participant. and resolution to include development conditions. Attachment No. 3 Page 1 of 3 Schedule of Performance 117 6 II. CONSTRUCTION DOCUMENTS AND BUILDING PERM 6. Submission of Complete Construction Within thirty (30) days after Agency Drawings and Landscaping Plan. approval of Development Review. Participant shall submit complete Construction (working) Drawings and a Final Landscaping Plan, Sign Program, and Finishing Grading Plan. 7. Review of Complete Drawings and Plans. Within thirty (30) days after The Agency or its designee shall submittal. approve or disapprove the Complete Construction (working) Drawings and the Landscaping Plan, Sign Program, and Finish Grading Plan. 8. Revisions, if any. Within ten (10) days after receipt Participant shall prepare revised of comments by Agency or its Construction (working) Drawings as designee. necessary, and submit them to Agency for review. Final Review of Complete Drawings. The Agency or its designee shall approve the revisions submitted by the Participant provided that the revisions necessary to accommodate the comments by Agency or its designee have been made. 10. Obtaininq of Buildinq Permits. Participant shall obtain all building and other permits needed to commence construction of the Improvements. Within ten (10) days after submittal by Participant. Not later than thirty (30) days after final approval of complete drawings. Attachment No. 3 Page 2 of 3 Schedule of Performance III. CONSTRUCTION PHASE 11. Commencement of Construction. Participant shall commence construction of the Developer Improvements. 12. Completion of Retail Building Shell and Restaurant Pads. Participant shall complete construction of the Retail Building Shells and the Restaurant Pads. 13. Completion of Construction. Participant shall complete construction sufficient to obtain a Certificate of Completion. Within ten (10) approval of the the Site. 1177 days after the rough grading of Not later than the earlier of (1) twenty -one (21) months from the vacation of the last tenant of the Site or (2) eighteen (18) months from the approval of rough grading of the Site. Not later than three (3) years from the approval of the rough grading of the Site. Attachment No. 3 M /REVIEWI -3 Page 3 of 3 1178 ATTACHMENT NO. 4 SCOPE OF DEVELOPMENT I. GENERAL DESCRIPTION The Site is specifically delineated on the Site Map (Attachment No. 1) and the Legal Description (Attachment No. 2) pursuant to Section 103 of this Agreement. II. DEVELOPMENT A. The Participant shall develop the Site with retail buildings of not less than eighty thousand (80,000) square feet of gross floor area at an approximate cost of fifty dollars ($50.00) per square foot, suitable for operation of a new major tenant (junior departmental store) and two family style restaurants and with office buildings of not less than twenty thousand (20,000) square feet of gross floor area. All such space shall consist of buildings approved for occupancy, fully enclosed and under roof, unless the Agency hereafter allows deviation from such requirement in a writing referencing this Scope of Development (Attachment No. 5). Such buildings shall be constructed of masonry, concrete, concrete block, or such other materials as may hereafter be approved by the Agency; prefabricated metal components shall not be utilized on exterior walls. The Participant shall complete all of the improvements set forth in this Scope of Development (Attachment No. 4) to be constructed on the Site in one phase. All of the improvements to be provided by the Participant on the Site constitute the "Improvements." The Improvements include those off -site improvements required to be provided by the Participant, as specified in Section IV A. of this Attachment. The Participant shall commence and complete the Improvements and the Site Grading by the respective times established therefor in the Schedule of Performance (Attachment No. 3). The Participant shall provide parking on the Site in conformity with the specific plan, the Redevelopment Plan and City requirements. 06/02/89 ATTACHMENT NO. 4 4009n/2345/015 Page 1 of 4 The design and configuration of the parking faciliA 9 shall be compatible with adjacent and nearby uses, as reasonably determined by the Agency and City. III. DEVELOPMENT STANDARDS All development on the Site, and operations thereon, shall conform to the development standards including any requirements pursuant to a specific plan. In addition, the following development standards shall also apply to the Improvements: A. Building Setbacks. Minimum building setbacks for buildings and parking areas shall be as required by the Redevelopment Plan and approved by the Agency, and shall conform to the Poway City Code. B. Building Coverage. The amount of land within the Site covered by buildings shall be as required by the Redevelopment Plan and local zoning. C. Building Height. Buildings shall not exceed the height as may be required by the Redevelopment Plan and local zoning. D. Vehicular Access. The placement of vehicular driveways shall be coordinated with the needs of proper street traffic flow. In the interest of minimizing traffic congestion, the Agency will control the number and location of curb breaks for access to the Site for off - street parking and truck loading. All access driveways shall require written approval of the Agency. E. Loading. Adequate loading and unloading space shall be provided as approved by the Agency. Loading spaces visible from streets shall be landscaped or screened to prevent an unsightly or barren appearance. Said requirements shall also conform to Poway City Code. F. Signs. Signs shall be limited in size, subdued and otherwise designed to contribute positively to the environment. Signs identifying the building use will be permitted, but their height, size, location, color, lighting and design will be subject to Agency and City approval, and signs must conform to the Poway City Code. 06/02/89 ATTACHMENT NO. 4 4009n/2345/015 Page 2 of 4 1180 G. Screening. All outdoor storage of materials or equipment shall be enclosed or screened to the extent and in the manner required by the Agency and the City. H. Landscaping. The Participant shall provide and maintain landscaping within the public rights -of -way and within setback area along all street frontages and conforming with the Site Plan as approved by the City and Agency. Landscaping shall consist of trees, shrubs and installation of an automatic irrigation system adequate to maintain such plant material. The type and size of trees to be planted, together with a landscaping plan, shall be subject to the Agency approval prior to planting. I. Utilities. All utilities on the Site shall be underground or enclosed at Participant's expense. J. Painting. All exterior walls to be painted pursuant to the Site Plan shall be painted by the Participant with color(s) subject to Agency approval. K. Building Design. Buildings shall be constructed such that the Improvements be of high architectural quality, and shall be effectively and aesthetically designed. IV. PUBLIC IMPROVEMENTS AND UTILITIES A. The Participant, at its own cost and expense, shall provide or cause to be provided the following public improvements within the time set forth for the completion of the Improvements in the Schedule of Performance (Attachment No. 3): 1. Improvements as required by the City including curbs and gutters, drive and curb cuts, and drives between the property line of the Site and the public rights -of -way abutting on the Site. 2. Installation of signs and fire hydrants in connection with the Site as may be required. 3. Installation of public sidewalks along the frontage of the public streets abutting on the Site or within the rights -of -way lines of such public streets, and appropriate street landscaping which the Agency or City might require. 06/02/89 ATTACHMENT NO. 4 4009n/2345/015 Page 3 of 4 1181 4. Installation or relocation by the public utility companies of such sewers, drains, water and gas distribution lines, electric, telephone and telegraph lines, and all other public utility lines, installations and facilities as are necessary to be installed or relocated on or in connection with the Site by reason of the redevelopment contemplated by the Redevelopment Plan and the development of the Site; the Agency shall not be responsible for, nor bear any portion of the cost of, installing the necessary utility connections within the boundaries of the Site between the improvements to be constructed by the Participant and the water, sanitary sewer, an storm drains, mains or other public utilities owned by the City or by any public utility company within or without such boundaries, or electric, gas, telephone or other public lines owned by a public utility company within or without such boundaries, and the Participant shall secure any permits required for any such installation without expense to the Agency. B. All of the items described in Part IV.A. above, shall be performed in accordance with the technical specifications, standards and practices of the City. The Participant's plans for such public improvements shall be submitted to the Agency for review and approval prior to the advertising of bids. Once such items are construct, Participant shall be responsible, at its expense, for (1) any and all repairs due to damages caused by Participant's construction, and (2) changes required by the Participant. V. DEMOLITION AND SOILS The Participant assumes all responsibility for surface and subsurface conditions at the Site, the suitability of the Site for the Improvements and the operation of a shopping center thereon. If, after the close of escrow, the surface and subsurface conditions are found to be not entirely suitable for such development, the Participant shall at its cost take all actions necessary tc render the Site entirely suitable for such development. 06/02/89 ATTACHMENT NO. 4 4009n/2345/015 Page 4 of 4 1182 ATTACHMENT NO. 5 CC &Rs RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO ) AND MAIL TAX STATEMENTS TO: ) [Space above line for recorder's use only.] DECLARATION OF ESTABLISHMENT OF PROTECTIVE COVENANTS, CONDITIONS AND RESTRICTI0NS AND GRANT OF EASEMENTS THIS DECLARATION A14D GRANT is made as of , by and between POWAY REDEVELOPMENT AGENCY (the "Agency ") and ADI PROPERTIES, INC., a California corporation (the "Participant "). RECITALS: 1. The parties hereto are the owners of that certain real property located in the City of Poway, County of San Diego, State of California, more particularly described in Exhibit "A" attached hereto, and by this reference made a part hereof, which real property is hereinafter called the "Commercial Center "; and 2. The parties hereto desire, effective upon the date this Declaration is recorded in the office of the San Diego County Recorder, to subject each and every portion of the Commercial Center to the covenants, conditions and restrictions hereinafter set forth, and to establish the appurtenant easements hereinafter described, pursuant to a general plan of improvement of the Commercial Center as a shopping and service center, and for the mutual benefit of the owners of any and all portions thereof and their respective heirs, successors, assigns, grantees, mortgagees, tenants, and subtenants; and 3. The parties do hereby establish the restrictions hereinafter set forth, and grant described. covenants, conditions and the easements hereafter 06/02/89 ATTACHMENT NO. 5 4OO9n/2345/O15 Page 1 of 7 1183 Section 1. ADI Properties Inc. and the Agency have entered into an agreement relating to the acquisition, disposition, development, and use of the Commercial Center; said Agreement, which is entitled "Owner Participation Agreement by and between the Poway Redevelopment Agency and ADI Properties Inc." (herein, the "OPA ") is dated as of , and is on file with the Clerk of the Agency as a public record. All signators to this Declaration have had a full opportunity to review the OPA. The OPA is incorporated herein by reference. Section 2. All uses shall be conduced at the Commercial Center in conformity with the Redevelopment Plan, all applicable laws and the OPA. Section 3. Nondiscrimination: (i) Each owner covenants by and for himself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, national origin, or ancestry in the same, lease, sublease, transfer, use, occupancy, tenure, or enjovment of the Commercial Center, nor shall the grantee or any person claiming under or through him or her establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the Commercial Center. The foregoing covenants shall run with the land. (ii) Each owner shall include in any deed with respect to all or any portion of the Commercial Center the following language: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed religion, sex, marital status, national origin, or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the premises herein conveyed, nor shall the grantee or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the premises herein conveyed. The foregoing covenants shall run with the land." (iii) Each owner shall include in any lease with respect to all or any portion of the Commercial Center the following language: 06/02/89 ATTACHMENT N0. 5 4009n/2345/015 Page 2 of 7 1184 "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administators, and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: That there shall be no discrimination against or segregation of any persons or group of persons, or account of race, color, creed, religion, sex, marital status, national origin, or ancestry, in the leasing, subleasing, transferring, use, occupancy, tenure, or enjoyment of the premises herein leased nor shall the lessee himself, of any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy, of tenants, lessees, sublessees, subtenants, or vendees in the premises herein leased." Section 4. The Agency shall have the right but not the obligation to enforce any of the provisions of this Declaration. Section S. The City and the Agency shall be exempt from any obligation pursuant to this Declaration, including without limitation the obligation to pay in connection with maintenance, taxes, or insurance, irrespective of whether the City of Agency should acquire title to the property described in Exhibit "A ", or any portion thereof. No City or Agency property shall be subject to assessment or lien pursuant to this Declaration. Section 6. The captions heading the various sections of this Declaration are for convenience and identification only, and shall not be deemed to limit or define the contents of their respective sections. Section 7. All the provisions of this Declaration shall be covenants running with the land pursuant to applicable law, including but not limited to Section 1468 of the Civil Code of the State of California. It is expressly agreed that each covenant to do or refrain from doing some act on the Commercial Center (described in Exhibit "A" hereto) or any part thereof as the covenantor: (a) Is for the benefit of the land of the convenantee; (b) Runs with both the land owned by the covenantor and the land owned by the convenantee; and (c) Shall benefit or be binding upon each successive owner, during his ownership and thereat ter with regard to matters occurring during his ownership, or any portion of to land affected hereby and each person having any interest therein derived through any owner of the land affected hereby. 06/02/89 ATTACHMENT N0. 5 4009n/2345/015 Page 3 of 7 1185 Section 8. The provisions of this Declaration shall not be deemed to constitute a dedication for public use nor to create any rights in the general public. Section 9. This Declaration, executed as of the date hereof, shall take effect only upon, from, and after its recording in the office of the County Recorder of the County in which the Commercial Center is situated. IN WITNESS WHEREOF, this DECLARATION AND GRANT is executed as of the day and year first above written. Witness 06/02/89 4009n/2345/015 POWAY REDEVELOPMENT AGENCY, a California limited partnership Um ATTACHMENT NO. 5 Page 4 of 7 EXHIBIT "A" i LEGAL DESCRIPTION 1 86 All that vortion of the Northwest Quarter of the Southeast Quarter of SectiOn 13, 10.1sh_p 14 South, Rance 2 West, can rerrarcino Base and Meridian, in the City of Poway, County cf San riiescC, State of California, according to Official Plat_ thereof, described as follows: Beginning at the intersection of the South line of Foway Road (100.00 feet wide) with the nest line of said Northwest Quarter of the .Southeast Quarter; thence South 85`42'37" East (Record South 86 °41'41" East) along the South line of said Foway Road to a line which is parallel with and. distant 40.00 feet neasured at right angles from the West line of said Northwest Quarter of the Southeast Quarter; thence South 2 119'49" West (Record South 2 020133" West) 1010.36 feet along said parallel line to the TRU_ POI`i 02 BEGINNING; thence leaving said lire North 12 009'45" East (Record North 12 110'29" East) 70.27 feet to a point on a line parallel with and distant 52.00 feet East measured at right angles fro.n said l•;est line; thence North 2119149" East (Record North 2 120133" East) 76.14 fast to Point A of this description; thence continuing North 2 °19'49" East, 189.26 `eat; thence North 2 °07'05" East (Record North 2 107149" East) 270.00 feet to a point on a line parallel with and distant 51.00 feet East measured at right angles iron said West line; thence North 2 019'49" East (Record North 2 °20133" East) 366.28 feet along the last_ described parallel lire to the beginning of a tangent curve concave Southeasterly and having a radius of 20 feet; thence Northerly, Northeasterly, and Easterly along the arc of said curve through a central angle of 88°57134" (Record 88'57'40 ") a distance of 31.05 feet td a point of cuso vita a tenzant line, a -radial line through said point bears North 1 017'23" East (Record 'North 1 °18'1'3" East) said tangent line being the South lire of said Poway Road; thence South 85`42137" East, 1699.87 feet, along said South line to a point distant thereon North 85 °42'37" West, 106.14 feet (Record North 89 007152" 'nest, 105.78 feet) from its intersection with the East line of said NOri}'iwESi Quarter OI the Southeast Quarter being the beginning Of a tangent 20.00 foot radius curve concave Southwesterly in the bc,=aary of land described under Parcel 481 -03 in deed to the City of Poway, recorded July 20, 10087 as File No. 87- 404233 of Official Records; thence along said boundary as follows: Southeasterly and Southerly along the arc of said 20.00 foot radius curve through a central angle of 94 °10'15" (Record 94`08'30 ") a distance of 32.86 feet; tangent to said curve South 5 027138" West (Record South 5 °00'30" West) 213.79 feet to the beginning of a tangent 1042.00 foot radius curvy concave Easterly; Southerly along the arc of said curve through a central angle of 4008135 ", a distance of 75.35 feet; tangent to said curve South 1 019'03" test (Record ;oath 0 952103" SSest) 33.20 to point B Of this description; continuing South 1`19'03" Kest, 228.24 feet; South 65'40151" Fes'. (Record South 89'07'57" East) 84.00 feet to a non- tangent 20.00 foot radius curve concave Southeasterly, a radial line of said curve bears North 88 240'57" West (Record North 89107157" West) to said point; and Northeaster!), and Easterly along the arc of said curve through a central angle of 91100122" (Record 89159'27 ") a distance of 31.77 feet to the East line of said Northwest Quarter of the Southeast Quarter; thenca leaving tae boundary of said Parcel L81 -03, South 1 °19'03" West, 723.66 feet along said East line to the Southeast corner of said Northwest Quarter of the southeast Quarter; thence along the south line of said Northwest Quarter of the Southeast Quarter North 89`47'17" West, 1259.22 feet to a point distant ATTACHMENT NO. 5 Page 5 of 7 1187 theron South 88 047117" East, 40.01 feet from the Southwest corner of said Northwest Quarter of the Southeast Quarter said point being on a line parallel with and distant 40.00 feet East measured at right angles from the West line of said Northwest Quarter of the Southeast Quarter; thence along said parallel line North 2 019149" East, 266.67 feet to the TRUE POINT OF BEGINNING. Excepting therefrom that portion lying Northerly of the following described 1ine: Beginning at the hereinabove said point A; thence South 75 000100" East, 20.50 feet; thence North 89 018127" East, 134.59 feet; thence North 63 021'24" East, 142.74 feet; thence North 55 045'54" East, 359.86 feet; thence North 62 022'32" East, 108.48 feet; thence North 73 °37'33" East, 151.91 feet; thence North 63 °29'51" East, 179.93 feet; thence North 65 °05109 "" East, 107.81 feet; thence North 78 023104" East, 55.77 feet; thence North 75 000100" East, 12.98 feet to the hereinabove said point B. 6 /A /HALEY.1•; ATTACHMENT N0. 5 Page 6 of 7 COMMUNITY, R D.-7 � CIVIC CENT — ,R)WAY - - -- - -R.s: s44 EXHIBIT "B" SITE MAP MIDLAND RD.l ../ ' . RD . .. 05/25/89 4009n/2345/015 ATTACHMENT NO. 5 Page 7 of 7 •o ATTACHMENT NO. 6 CERTIFICATE OF COMPLETION RECORDING REQUESTED BY AND ) When Recorded Mail To: ) Stradling, Yocca, Carlson ) & Rauth ) 660 Newport Center Drive ) Suite 1600 ) Newport Beach, CA 92660 ) (Space Above Provided For Recorder) WHEREAS, the Poway Redevelopment Agency, a public body, corporate and politic, sometimes hereinafter referred to as "Agency" and ADI Properties, Inc. (Participant) entered into an Owner Participation Agreement (Agreement) on , which was recorded on as Document No. of the Official Records of the County Recorder of the County of San Diego, California. WHEREAS, as referenced in said Agreement, the Agency shall furnish the Participant with a Certificate of Completion upon completion of construction and development, which certificate shall be in such form as to permit it to be recorded in the Official Records of the County Recorder of the County of San Diego, California; and WHEREAS, such Certificate of Completion shall constitute a conclusive determination by the Agency of the satisfactory completion by the Participant of the construction and development required by the Agreement and of the Participant's full compliance with the terms of the Agreement with respect to such construction and development; and WHEREAS, the Agency has conclusively determined that the construction and development on the real property described in Exhibit "A" required by the Agreement has been satisfactorily completed by the Participant in full compliance with the terms of the Agreement. 06/02/89 ATTACHMENT NO. 6 4009n/2345/015 Page 1 of 2 1190 NOW, THEREFORE, 1. As provided in the Agreement, the Agency does hereby certify and determine that the construction and development on the real property described in Exhibit "A" has been fully and satisfactorily performed and completed in full compliance with the terms of the Agreement. 2. Except as otherwise expressly provided in this Certificate of Completion, nothing contained in this instrument shall modify in any other way any other provisions of the Agreement. IN WITNESS WHEREOF, the Agency has executed this Certificate of Completion this of , 1989. POWAY REDEVELOPMENT AGENCY Executive Director 06/02/89 ATTACHMENT NO. 6 4009n/2345/015 Page 2 of 2