Assignment and Consent Agreement Concerning OPA 1996-0422737
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, ,:;\~ ,. "' -It DOC' 199'6-0422?37
20-AUG-1996 09=01 AM
RECORDING REQUESTED BY: 5 () 6 RECORD'
o OFFICIAL' , J
SAN OIEGOCOUNTY RECORDER'S OFFICE
Poway,Redev~lopI!lent Agency;,/CfJ GREGORY SMITH, COUNHRECOROtR
r \7 ,RF: 10..00 'FEES: 22.00
WHEN RECQRDED MAIL TQ: Wl (' At:' 11.00
cP MF . 1. OO~'\,
Po\yay Redevelopment Agency :':,'";"
P,QcBox 789.
Poway,California 92064
P:SSIGNMENT AND€ONSENT AGREEMENTCONCERNrNG OP A
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THIS ASSIGNMENT AND CONSENT AGREEMENT CONCERNING,OPA
(!he"A~signment") is made asofJuly-.'l., 1996 by and. between ENVIRONMENTAL '
DEV'ELOPMENT, LTD" a.Galifornia limited partnership ("EnviroriinentillDevelopiheht"),
GREYSTONE'HOMES, INC"apelawarecorporation ("GREYSTONE"), and the POWA Y
REDEVELOPMENT'AGENCY("Agency"),
RECITALS
A, Sale,of-Lots: 'EhvironmentalDevelopment has agreed'tosell and
Greystonehas agreed to buy Phase I,Unit I, of the Old Coach Golf Estates (TTM'89-13R) (the
"Lots").
B, OPA, Environmen!al Developmentapd Agency 'are parties to that certain
Owner Participation Agreemen! ciated July II, 1995 ("OP A"),
C. Purpose" Environmental Development desires;,to,assignto GreystoneJall '
of,itsfrights"du!ies,an,<,loojig![tions underthe;(i)P !\,pertainingto tile Lots, Greystpne desires,t()
accept and assume'suth rights,duties'and obligations, and Agenc;ydesireS'to evidence its
consent to, such assignment.
AGREEMENT
~
NOSV,tHEREfORE,for,gooct ahd valuable consideratioii,;th:ereceiptofwhich is
herebyackrtowledg~cf,th:eparties agree as'follows:
I. Assignment. EnvironrilentalDeveiopmentih:ereby assighs'to Greystone all
of its right, title and interest in, to and ui1&rtheOP A pertaining to the Lots,
2, Acceptanceahd Assutpption, Greystone her,eby accepts the foregoing
asslgIirhent and assumes ail of,the'obJigations of Environmental Development in the OPA
pertaining to the Lots.
,~D_DOCS\3637n I
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587
3, Consent. Agency hereby consents to the foregoing assignment.
4, ,Miscellaneous, This Agreement shall be binding upon and shall inure ,to
the benefit ,of the.respectlve success'ors;andlassigns,of the parties I hereto, 'The Barlles'aWee;to
execilte!sllchother dbcllfuents ashiay:1Je!liecessary to' effecuhis.Assignment, 'This Assignment
may be execiltedin multiple c6iinterparts~:all of which together shall constituteo'ne and the
same instrument.
IN WITNESS wHEREOF,'the parties hereto have executed this Assignment as of
the day and year first written above,
ENVIRONMENTAL DEVELOPMENT,LTD,
a CiiiifO'rnll'i limited partnership
By: Planned Real Estate Investments, Inc"
a California'c6rjJ6ration, General Partner
By: ~E~
~~ent
By:' .'.., ~.~_
Rich<.rrd A. Schulman;S~cretary
GREYSTONEHOMES, INC., ":"'.~"-~ ' -, ", '.
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aDelaw~co.rporati. :: _ S i ~-~J'
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By: vi, '^-"~
Robert W, Garcin, Vice President
PQ\yAY RED_E~ELQPMENT ~GENCY,
a public bqdy;,corpora\e and politic
SD~DOCS\36333.2
2
.~AU~ORNU~ 'ALL~PURPOS~KNOWLEDGMENT .
State of CACI FO.r'2-N/ ,LJ 588
County of 'SfUV Z)/t-0D
On 7-/7-q0 befo~e me, J3': I i Z-v},6~ 71+ 11/" Ll:::---e:
.Date' Name and Tille of Officer le,g" "Jane !:lee. Notary Public")
personally appeared 5!2.-lkct: &, T 48/3
Name(s) of Signer(s)
~ersonallY known to me - OR - 0 proved to me on thebasis,of'satisfactoryev'idence to be the person(s)
whose name(s) is/are'subscribed:tci thewithininstrumen!
and acknowledged,to me that he/she/they'executed the
same in his!her/thElir authorized'capaciiy(ies), and.thatby
his/her/their signature(s) onthe instrur'nenutiepersciii(~),
--' - - -'- - - - ,~ or'the'entityupcin ,behalf of which the person(s) acted,
Elizabeth N, Lee f executed the instrument.
Comm, #,1032717 Q
NOTARY'PUBLic CALIFORNIA WITNESS my hand'and official seal.
SAN DIEGO,COUNTY' 0
Coinm,Erli/I8o July 21, 1888 ..
~Uo~~na,,?16ta~~
OPTIONAL
Though"the.informationbelow is not required ~y'Jaw, it!rJ.~Y prdve valuable to persons 'relying, on, the document and. could prevent
fraudulent removal and reattachment of this form 10 'anott,Jer .docljment.
Description of Attached Document
Titie or Type of Document: fJSS/,GN Iv! C/VT ;. C-oA/St;""/IrTAg (2..~"C-/'v11::;"7',/T
,
DocumentDate: Number of Pages: ~
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Signer(s) Other Than Named Above: :3c..hLcJ Vn Prf'J) I <1... I rY"I"l e r , LX< rc, N ~ CII,q-/(J
,
C~pacity(ies)Claimed by'Signer(s)
Signer's Name: f)1GC(AC..tr E, T,f-J/36 Signer's Name:.
o Individual o Individual
R80rJlOra'ieo~cer o .Corporate,Officer
'Title(S): ,,' '/Z.?:::"5, DcrvJ Title(s):
o Partne'f'-,Otirriited 0 General DF'artner-Dl!:imited 0 General
o ,Att6rriey,in'Fact, d Attorney-in'Fact
o Trustee .D Trustee
o Guardian or Conservaior RIGHly-THUMBPRINT o .Glfardian oiConservator RIGHT_THUMBPRINT
; -- "",," -' . "".' ,,-.. ~ ". OF SIGNER. OF SIGNER
D ~Other: 'To'p~of..th:U.~b,.~~re " o Ot!:1er: Top of thumo' here
Signer 'Is 'Representing: Signer Is Flepresenting:
C 1994 Natiorial'Notary,ASSOCj~tion ; 6'2~ ~~mrriet Ave:'.' ~.-o.~ ~x ?~a4' '-c~noga p'ark, -CA 91 309-7XS4 'P.i-Od,No.5907 Reo.rder:'Call Toll-Free 1-800-676-8827
"~ALI~ORNlIA,ALL.PURPOSIE'C~N()WLEDGMENT .
Clll-l Fo.atilll- 589
State of
County of La~ ~ ;4~Hc.,LLU
,
On 1I49(p .before me, C-. )<;
f Date ~ N,m, "d TIll, 01 Off'", I'"" "JM' Doe, No"" Pit'
personally appeared . I1.N ~iJ ;(/~ .....<:;~AhJ ,
~ Name(s)of Signer(s)
personally known to me- OR- 0 proved tome onthe,basis ofcsatisfactory evidence to be the person(s)
whose nameW [s/;>fe' subscribed to the within instrument
and acknowledged 'io me that he/sIle/lRey executed the
-' - ~ .. - -', "-," ' ~' 6," .. .. .. ~l same inhis/be/~ir authorized capacity(i,eS), and thatby
his/her/th'eir signaturejll) on the instrument,the persorijsr,
f@ ._"....
" , CXlMM. .1041597 I or the enti\y upon behalf of which the person}81 acted,
i',..,; , NOtary NlIIC-CaBfamlO execyted'the instrument.
.. ' ICSANGELES COUNIV' -
J, ," My<COmm.~JUl.3.19'l8 , WITNESS my hand,and officiaiseal.
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Signa e of Nolary Public
0
Though the information below is notrequired-'by,}?,w,)(m4y.prove valuable ,to pe,rso,(ls/eIYing,onthe document and could prevent
fraudulentremova/,'and reattachment of this form to ano"ther document,
Description of Attached D,ocument
Title or Type of Document:
Document Date: Number of Pages,
Signer(s) Other Than Named Above:
Capacity(ies) Claimedby,Signer(s)
Signer's Name: SigQer's Na,me:
D Individual o Individual
o Corporate Officer o Corporate ,Officer
Title(s): Title(s):
q pp.rtner - 0 Limited' 0 General o Partner'- DLirilited DGeneral
o ,Atiorney~in~Fact o Attorney,in~Fact
o Jrustee o 'Trustee
o Guardian or Conservator p G~itrdi.an or Conservator RIGH"~ THUMBPRINT
. - ~ OF. SIGNER
o Other:, Top of thumb here d Other: Top of thumb here
Signer Is Representing: Sign.er'ls Bepresenting:
~
@1994 National Notary ASSOCIEillOn" 8236'Rammet Ave., P-:-O. -Sox 7184' Canoga Park. CA 91309:7184 Prod. No. 5907 Reorder: Call Toll-Free '1-800-876c6827
~Al'I~O~N1IA:A"L.PU~IPQSiE'CKNOWLEDGME"T ·
State of ~\\~~~ 590
County of VZ~ ~(C.lSL
On "'v.."6 - 5 I <J"i'=>,' before me, LV\Js....Un ~C(5 ,,- J I c;..'
personally appeare:te: 10M. ? & fY'Q... e.R N,m"o' 1111, of Off;", I'",,"
Name(s)of Signer(s}
~onallY known to me ~ OR -0 proved to me on the basis of satisfactory evidence to be the person(s)
whose name(~subscribed to the within instrument
and ackrowledged to me that~executedthe
same i~authorized capacity(ies), and that by
. " , '" " ' " dliS7herltl,citdgnature(s),on the instrumentthe person(s),
f ~., '.... - L1N;DA' KAN~ASTyl or the entity upon behalf of which the person(s) acted,
~ ,'~ ' Commission #1008259 < executed the Instrument.
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> '.'" Notary,Public. Californlam
V' San Diego County l>- and, and official seal.
:;~ r.;c;' ~mmisslon Explreo October 31 19971 .
v_~" f'
Signature ofNotaryP
OPTIONAL
Though the information below is not required by':/aw, it may prove vafu?ble top(3rsons,'f(!/ying oil .the document and could prevent
fraudulent remava/and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document ft3:5;C1V"'IYl~ ,2 C",se.Nt c.tpeUle,.V\ ~<?{'>'U't10 oU
Document Date: 7 - '1- '7 c.. Number of Pages:
Signer(s) Other Than Named Above: tJ1Vth1~",9, /JR.u-&f ""..,.:;r ~ Pot.J4'j /e
Capacity(ies) Claimed bySigner(s) ~d
Signer's Name: );)d.A P.&mG.ElZ Signer's i'Jarne:
o Individual 0 Individual
~orporate.R(fi(e(, r>. _ __ 1_ 4- 0 Corporate Officer
, Title(s): VI\!\ ~I "^' 1"1'<:.>\0\'4'-'\ Title(s): :
o Partner -0 .Limiied o General 0 Partner -0 Liniited 0 General
o Atiorney,jn,Fact 0 Attorney"in-Fact
o Trustee 0 Trustee
u,_'--- '.-. RIGHTTHUMBp,AINT, RIGHT THUMBPRINT
o 'Guard.lan or Conservalor OF SIGNER ' 0 'Guardian or Conservator OF SIGNER
o Other: . Top of thumb here tJ Other:" ~ - Topol thumb:here
Signer Is Representing: Signer Is Representing:
r;('6~/~ ~, ~c
@,1994 National Notary Association. 6236 Remmel 'Ave,,'P,Q, Box 7,; B4 " Canoga Park, CA ~91'309-7.184' Prod.'No. 5907 Reorder: CaJl Toll-Free 1.80(J.876::6~27
" , . . .
" .'
5.91
State ofCiilifofuia )
County of Los Angeles )
Oil'A4gust 8, .1996, before me, Melissa, GAP,A€ITYCLXIMED BY SIGNER:;
Doti b blesteifi"N otarY Pilblic, iiiqilidfof'said State,
personaliy a~peareQ RobertW. 'Cardripersoilally Individuals
known.to,me,or proved tome on the basis of
s_ati~factory. evidence to be tlie person whosenilmeis X COl'p6rate Officer
subscri}Jed to,thewithin'instrumentfand Vice President
acknowledged:,tg m.-e that,heexecutectthe same in his
mithori,zecl"cllpllcity apcl,tl1iltby hissignatufe:onthe
instrument)the: \lersoIl,CQrtlie:eillity uRon, behalfof _~ Partnefs~ _ ~- ~
-which the person acted, executed the within
instrun:lent:
WITNESS n:lY ha11d and official seal. Corporation as.
f4ltdiIJ /(;vulltiW apaiinef
.
Melissa' Doubblesteln Other
Comm;#1,04~
TARY PUBUC. CAU
LOSAI'O"I ~$ COUNI'Y, , SIGNER IS REPRESENTING:
eomm. Elqbs DIc.,II1.",1998 .. ",- . -', --
: Greys,ione; Homes, Inc,
TillS CERTIFICATE 'Till~;or TypeofDocument: fj'7'5(tAt,jltiLi aio(P 6'f{I;?irr ,iffiafUuM'1;d{
MusT BE ATTACHED ,Number of Pages;? Date. QfDoc,ument 717 /q{p
TO THE DocuMENT .Signer"(s) Other than Named Aboye
DESCRIBED A'T' - --
RIGHT Other Info