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HomeMy WebLinkAboutC-7349-31 - Beacon Bay, 66 - MOL 2024RECORDING REQUESTED 13Y: VVFG TITLE COMPANY OF CALIFORNIA Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive Newport Beach, California 92660 Attn: City Clerk Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder 19.00 *$ R 0 0 1 5 Z 0 1 6 1 6$ 2024000268523 8:00 am 10/16/24 9 NC-5 M11 507 2255.00 2255.00 0.00 0.00 12.00 0.00 0.000.000.00 0.00 (Exempt From Recording Fees Pursuant to Government Code § 27383) APN: 050-212-16; 988-880-34 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) MEMORANDUM OF LEASE THIS MEMORANDUM OF LEASE is made and entered into between the City of Newport Beach, a California municipal corporation and charter city ("Lessor') and Susan A. Baker, a single woman ("Lessee"). Lessor hereby leases to Lessee that real property located in the City of Newport Beach, County of Orange, California, described in Exhibit "1" attached herrAe o ("Property"). The term of the Lease is fifty (50) years, commencing October 2024 and ending October IE' , 2074. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated October �V , 2024, which is incorporated herein by reference. Unless extended by a recorded amendment or supplement hereto, this Memorandum of Lease will automatically terminate as of October �� , 2074. [SIGNATURES ON NEXT PAGE] Documentary Transfer Tax: $4,510.00 Computed on full Value of property conveyed City of Newport Beach RS i OR DiNG REQUESTED ISY: WFG TITLE COMPANY OF CALIFORNIA Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive Newport Beach, California 92660 Attn: City Clerk (Exempt From Recording Fees Pursuant to Government Code § 27383) APN: 050-212-16; 988-880-34 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) MEMORANDUM OF LEASE THIS MEMORANDUM OF LEASE is made and entered into between the City of Newport Beach, a California municipal corporation and charter city ("Lessor") and Susan A. Baker, a single woman ("Lessee"). Lessor hereby leases to Lessee that real property located in the City of Newport Beach, County of Orange, California, described in Exhibit 1" attached hereto ("Property"). The term of the Lease is fifty (50) years, commencing October, 2024 and ending October I� , 2074. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated October Y , 2024, which is incorporated herein by reference. Unless extended by a recorded amendment or supplement hereto, this Memorandum of Lease will automatically terminate as of October �� 2074. [SIGNATURES ON NEXT PAGE] Documentary Transfer Tax: $4,510.00 Computed on Full Value of property conveyed City of Newport Beach 1 IN WITNESS WHEREOF, the Parties have caused this Memorandum of Lease to be executed on the dates written below. APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY Date: By: i Aaron C. Harp City Attorney ATTEST: Date: X. P� By: . Ai�$i Leilani I. Brown City Clerk ©lFowN CITY OF NEWPORT BEACH, a California municipal corporation Date: It) /7 By: Grac .Leung City Manager LESSEE: Susan A. Baker, a single woman Date: � 1201 -zq By: ZZ4 Susan A. Baker 2 EXHIBIT "1" LEGAL DESCRIPTION OF THE PROPERTY That certain real property located in the City of Newport Beach, County of Orange, California, described as follows: Lot 5 of the eastside addition to Beacon Bay recorded on Official Maps, Book 2, Page 30 in the Office of the County Recorder, County of Orange, State of California, sometimes referred to as Beach Bay Lot 66. 3 CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Los Angeles On September 20, 2024 before me, Michael Washington, Notary Public Date Here Insert Name and Title of the Officer personally appeared Susan A. Baker Nome(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the perso�ewhose nam s/subscribed to the within instrument and acknowledged to me that,D/she/tWexecuted the same fin er/ it authorized capacity and that by I er/ti r signature�on the instrument the perso �or the entity upon behalf of which the perso %&Y acted, executed the instrument. fie MICHAELWASHINGTONNotary Public -CaliforniaLos Angeles County Commission # 2452083 My Comm. Expires Jul 27, 2027 Place Notary Seal and/or Stamp Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. a Signature Signature of Notary Public Completing this information can deter alteration of the document or fraudulent reattachment of this form to on unintended document. Description of Attached Document Memorandum of Lease Title or Type of Document: Document Date: September 20, 2024 Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer is Representing: ©2019 National Notary Association Three Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer is Representing: CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of DP_Y-AKICJ E IVu-)A V_-I On O L 'T -1 ZL) 2 -1 before me, E N iQ % t Ei, P,ivN Vy\ v `-v t1 F v 1 C, Date Here Insert Name and Title of the Officer personally appeared UZ A C-C 14 Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the 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/theif authorized capacity(ies), and that by lnis her/thee signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. V . �. �• r - JENNIFER ANN MULVEY Notary ?ubiic • California Orange County z Commission # 2375299 My Comm. Expires Oct 12,202 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my In Signature and official seal. of Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer - Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Number of Pages: Signer's Name: ❑ Corporate Officer - Title(s): ❑ Partner - ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: ©2016 National Notary Association • www.NationaiNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907