Memorandum of Commencement of Subsequent Term of Lease 2003-1354314r
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RECORDING REQUESTED BY:
NORTH. AMERICAN TITLE
RECORDING REQUESTED BY
AND WHEN RECORDEp MAIL TO:'
DOC # 2003- 1354314
NOV 07, 2003 3:57
OFFICIAL RECORDS
SAN DIEGO COtNTY RECORDER'S OFFICE
GREGORY J. SHITH,. COLNTY RECORDER
FEES: 0.00
Poway Redevelopment Agency —� OC: AFNF
13325 Civic Center Drive IIIIIIIIII�IIIIII��IIIIIII��IIIII�III�IIII�II��IIIIIII�IIII�II�I
Poway,. California 92064. —
Exempt Promxecor
Code' Section 27383
MEMORANDUM OF COMMENCEMENT
OF SUBSEQUENT TERM OF LEASE
THIS MEMORANDUM OF "COMMENCEMENT OF SUBSEQUENT TERM,OF
LEASE ("Memorandum") i's hereby entered into as of September 2, 2003, by and between the
POWAY REDEVELOPMENT AGENCY, a public body, corporate ant) politic (the "Agency "),
and HALEY RANCH ESTATES HOUSING ASSOCIATES, L:P., a California limited'
partnership (the "Lessee ")'.
RECITALS
A. Agency and Lessee have entered into a "Lease" dated September 26, 2000, for a
sixty -five unit manufactured housing community,known.as Haley Ranch Estates, located on that
certain real property which is legally described ,therein and incorporated herein by reference (the
"Site "). A Memorandum of Lease was recorded in the Official Records of San Diego County on
October 24, 2000 as Instrument No.2000- 0571729. A copy of the,Lease is'available for public
.inspection at Agency's office at13325 Civic Center Drive, Poway, California. The "Initial Term" of
the Lease was up to two (2) years, the "Subsequent Term" of the Lease is an additional forty (40)
years, and Lessee has options twextend the term of the Lease for up to four additional ten (10) year
periods, exercisable under'eertain conditions which are set forth in the Lease.
B. The parties have agreed to - extend. the Initial Term of the Lease to the date hereof, and
to shorten the Subsequent Term by the.same amount as the InitiaPTerm extension.
C. The Lease,provides for the, parties to execute a short,form memorandum of the
commencement of the Subsequent Tenmof the Lease.
NOW, THEREFORE, the parties hereto certifyas follows:
L The.Initial Term of the Lease commenced on September 26, 2000 (the
"Commencement Date ") and ended on September 1, 2003.
2. The Subsequent Term of the Lease commene6d,on September 2, 2003 and shall end
on September 25, 2042 „(except as may be earlier terminated pursuant to the Lease).
DOCSOC \942462v2\22345.0015
PH
2 4,9:3 5
3. The first Option.Period of the Lease (if exercised pursuant to the terms,and
conditions' of the.Lease) shall commence-on September 26, 2041and end'on,September 25, 2052
(except as may be earlier' terminated pursuant to the Lease).
4. The second Option Period of the Lease (if exercised, pursuant to the terms and
conditions of the Lease) shall,commence on September 26, 2052 and end on September 25, 2062
(except as may be earlier terminated pursuant to the Lease).
5. The.third'Option Period of the Lease (if exercised - pursuant to the terms and
conditions of the Lease) shall commence on September 26, 2062 and.end on September 25, 2072
(except as may be earlier terminated pursuant to the Lease).
6. The fourth Option Period of the Lease (if exercised pursuant to the terms and
conditions of the Lease) shall commence on September 26, 2072 and end on September 25,-2082
(except as may be earlier terminated pursuant to the Lease).
ATTEST:
eretaiy of the Agency
TO FORM:
Yocca)�arlson & Rauth
Counsel
DOCSOC \942462v2\-12345 M 15
POWAY REDEVELOPMENT AGENCY, a'public
body corporate and politic,
IM
Bowersox; Executive
HALEY RANCFI ESTATES HOUSING
ASSOCIATES, L.P., a California - limited partnership
By: Community HousingWorlCs, a California
nonprofit corporation, its General Partner
By: I AAAAIV,-, &14 a
kiAn M. Reynolds, Executiv Director
24g3£�
STATE OF CALIFORNIA )
ss.
COUNTY 'OF,
`�{yt1
On / I 1 (7'3 before me, y\t l,�ly M- V \ fl,4A yl tfc 1 , Notary Public,
Print Name of Notary Public)
personally appeared
personally known to me
-or-
proved to me on the basis of satisfactory evidence to be the personw whose name(,s} is /pre
subscribed to the within instrument and acknowledged to -me that Ire /she /they executed the same
in jiWherlheir authorized;capacity ( i*, and that by Itig/heraheir signature(a) off the,instrument the
person , or,the of ti u on.behalf of which the person(g)-acted, executed the instrument.
zul_EKAM. NATHANIEL WITNESS m hand and official seal.
Commission 1342850 y
Notary Public - California `>
Son Diego County
My Co!*tm, F f 1�, _L ,
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raah Q 2006 / , V11�
OPTIONAL
4Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent reattachment of This form.
CAPACITY CLAIMED BY SIGNER
❑ Individual
Corporate Officer\
11tte(s)
❑ Partner(s) ❑ Limited
❑ General
Attorney -In -Fact
Trustee(s)
Guardian/Conservator
Other:
Signer is representing:
Name Of Person(s) Or Ennty(ies)
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DOCSOC \942462v2\22345 0015
DESCRIPTION OF ATTACHED DOCUMENT
�Ftti�oS t1vCluvt^ V llivinrN €v(Ctvt1£t \}
uEtn-FV�>
� Tt c Or Tki�ocument
Number Of Pages,
() /j Io3
Date Of Documents
Signer(s) Other Than Named Above
149.3
,,STATE OF CALIFORNIA )
ss.
`COUNTY OFD )
1q� , before otary Public,
` -� (Print Name of Notary Public) t
personally appeared
personally, known to me
-or-
proved to me on the basis of satisfactory evidence to be She person(s) whose name(s) is /are
subscribed to the within. instrument and. acknowledged to -me that he /she /they executed the same
in his/her /their authorized capacity(ies), and that by his /her /their,signature(s) on the instrument the
person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
commission # 1298219
otary Public - Califarntc
Son Diego County
WITNESS my hand and official seal.
OPTIONAL
Though the data belowris not required by law, it:may prove valuable to persons relying on the document and could prevent
fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER
❑ Individual
❑' Corporate Officer
Tnle(s)'
❑ Partner(s) ❑ Limited
❑ General
❑ 'Attorney -In -Fact
❑ Trustee(s)
❑ Guardian/Conservator
❑ Other:
Signer is representing:
Name Of Person(s) Or Enuty(ics)
DOCSOC \942462x2\22345 0015
DESCRIPTION OF ATTACHED DOCUMENT
Of Document
Number Of Pages
Date Of Documents
Signer(s) Other Than Named Above