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HomeMy WebLinkAboutC-6072-3 - Jamboree Road, 4311 - Memorandum of License Agreement9/23/25, 8:14 AM Batch 19859026 Confirmation Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder II I� II III III III �� II I II II NO FEE *$ R 0 0 1 5 8 0 1 1 8 7$ 2025000256822 04:11 pm 09/17/25 486 NCOUNTY5 M10 15 MEMORANDUM C 0.00 0.00 0.00 0.00 42.00 0.00 0.00 0.00 0.00 0.00 RECORDING REQUESTED AND WHEN RECORDED RETURN TO: City Clerk's Office City of Newport Beach 100 Civic Center Drive Newport Beach, CA 92660 [Exempt from Recordation Fee - Govt. Code §§ 6103 & 27383] MEMORANDUM OF LICENSE AGREEMENT This Memorandum of License Agreement ("Memorandum") is dated July 18th, 2025, and; is made between City of Newport Beach, a California municipal corporation and charter city ("City" or "City") and TSG — PARCEL 1, LLC, a Delaware limited liability company ("Licensee"), concerning real property owned by the City and situated in the City of Newport Beach, County of Orange, State of California, as more particularly described in Exhibit "A" attached hereto (the "Tract Map" or "Premises") pursuant to Licensee's dedication thereof to the City in that certain tract map for Tract No. 17763 recorded June 19, 2015 as Instrument No. 2015000320061, in Book 937, Pages 17 through 23, inclusive, of Miscellaneous Maps in the Official Records of Orange County, California (the "Official Records"), as amended by that certain Tract Map Certificate of Correction recorded February 2, 2016, as Instrument No. 2016000045179 in the Official Records. For good and adequate consideration, City licenses the Premises to Licensee for the term and on the provisions contained in the Maintenance License Agreement dated July 18, 2025 ("Agreement"), including without limitation provisions prohibiting assignment, or transferring of the Agreement without the express written consent of City in each instance, all as more specifically set forth in said Agreement, which said Agreement is incorporated in this Memorandum by this reference. The term is thirty (30) years, beginning July 18, 2025, and ending July 19, 2055, with the option to extend for additional terms of thirty (30) years on the same terms and conditions contained in the Agreement as it may be amended from time to time. This Memorandum is not a complete summary of the Agreement. Provisions in this Memorandum shall not be used in interpreting the Agreement's provisions. In the event of conflict between this Memorandum and other parts of the Agreement, the other parts shall control. Execution hereof constitutes execution of the Agreement itself. [Signatures on the next page] https://gs.secure-erds.com/Batch/Confirmation/19859026 1 /6 MEMORANDUM OF LICENSE RECORDING REQUESTED AND WHEN RECORDED RETURN TO: City Clerk's Office City of Newport Beach 100 Civic Center Drive Newport Beach, CA 92660 [Exempt from Recordation Fee - Govt. Code §§ 6103 & 273831 MEMORANDUM OF LICENSE AGREEMENT This Memorandum of License Agreement ("Memorandum") is dated July 18th, 2025, and is made between City of Newport Beach, a California municipal corporation and charter city ("City" or "City") and TSG — PARCEL 1, LLC, a Delaware limited liability company ("Licensee"), concerning real property owned by the City and situated in the City of Newport Beach, County of Orange, State of California, as more particularly described in Exhibit "A" attached hereto (the "Tract Map" or "Premises") pursuant to Licensee's dedication thereof to the City in that certain tract map for Tract No. 17763 recorded June 19, 2015 as Instrument No. 2015000320061, in Book 937, Pages 17 through 23, inclusive, of Miscellaneous Maps in the Official Records of Orange County, California (the "Official Records"), as amended by that certain Tract Map Certificate of Correction recorded February 2, 2016, as Instrument No. 2016000045179 in the Official Records. For good and adequate consideration, City licenses the Premises to Licensee for the term and on the provisions contained in the Maintenance License Agreement dated July 18, 2025 ("Agreement"), inc►uding without limitation provisions prohibiting assignment, or transferring of the Agreement without the express written consent of City in each instance, all as more specifically set forth in said Agreement, which said Agreement is incorporated in this Memorandum by this reference. The term is thirty (30) years, beginning July 18, 2025, and ending July 19, 2055, with the option to extend for additional terms of thirty (30) years on the same terms and conditions contained in the Agreement as it may be amended from time to time. This Memorandum is not a complete summary of the Agreement. Provisions in this Memorandum shall not be used in interpreting the Agreement's provisions. In the event of conflict between this Memorandum and other parts of the Agreement, the other parts shall control. Execution hereof constitutes execution of the Agreement itself. [Signatures on the next page] LESSOR CITY OF NEWPORT BEACH, a California municipal corporation and charter city G c . Leung i Manager 001 ; ATTEST: Molly Perry Interim City Clerk APPROVED AS TO FORM: Aaroa C. Harp z ,; City Attorney r Attachment(s): Exhibit A — Tract Map LESSEE TSG — PARCEL 1, LLC, a Delaware limited liability company Signed in Counterpart Jennifer Welker Chief Financial Officer, Corporate Secretary LESSOR CITY OF NEWPORT BEACH, a California municipal corporation and charter city co loeCp red �ra Grace . Leung City Manager ATTEST: gored \n Goun�eCpa�� Molly Perry Interim City Clerk APPROVED AS TO FORM: Aargn C. Harp 'j City Attorney Av, Attachment(s): Exhibit A — Tract Map LESSEE TSG — PARCEL 1, LLC, a Delaware limited liability company J% . tA A I k, " y- I Jerfniter Welker Chief Financial Officer, Corporate Secretary ACKNOWLEDGMENT 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. �W State of California County of ra } SS. On .S 1Jv1. % 20_ S before me, Notary Public, personally appeared Y�,C+r 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/their authorized capacity(ies), and that by his/her/their signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 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. Signature *my TERRI HOVDESTAD Notary Public • California Orange County Commission # 2406769 Comm, Expires Jun 28, 2026 MON (seal) ACKNOWLEDGMENT 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 } SS. On , 20 before me, Notary Public, personally appeared 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/their authorized capacity(ies), and that by his/her/their signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 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. Signature (seal) ACKNOWLEDGMENT 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 01211Nk (I I ss. On c5ep-I rM �f%�2 Ll 20 Z-S- before me,C )IENNIfE0, (43N V'"yLVC-y Notary Public, personally appeared LP Ac Y A 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/their authorized capacity(ies), and that by his/her/their signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. my hand and official seal. L, ------------- E� •° JENNIFER ANN MULVEY Notary Pubiic • California Z i m Orange County > Commission # 2375299 i ACKNOWLEDGMENT A notary public 6-erther 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 } ss. (seal) On , 20 before me, Notary Public, personally appeared 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/their authorized capacity(ies), and that by his/her/their signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 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. Signature (seal) EXHIBIT "A" TRACT MAP RECORDING REQUESTED BY Hall & Foreman, Inc. WHEN RECORDED MAIL TO: City of Newport Beach Public Works Department 3300 Newport Boulevard P.O. Box 1768 Newport Beach, CA 92658-8915 Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder 1 1111 11111111 1 2.00 *$ R 0 0 0 8 1 2 8 1 4 4$* 2016000045179 9:41 am 02/02/16 10416C18F13 2 0.00 0.00 0.00 0.00 3.00 0.00 0.00 0.00 SPACE ABOVE THIS LINE FOR RECORDER'S USE TRACT MAP CERTIFICATE OF CORRECTION City of Newport Beach, County of Orange, State of California The following corrections or additions are hereby made to Tract No. 17763, filed in Book 937, Pages(s) 17 through 23, of Miscellaneous Maps, in the office of the Recorder of Orange County: 1. The Preamble (Legal Description) on Sheet 1 of 7, should read as follows: "IN THE CITY OF NEWPORT BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA BEING A SUBDIVISION OF PARCELS 2,3 AND A PORTION OF PARCELS 1 AND 4 OF PARCEL MAP NO. 2013-108, AS SHOWN ON MAP FILED IN BOOK 378, PAGES 10 TO 12, INCLUSIVE, OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY" 2. A distance shown on sheet 4 of 7, as 30.11 feet, along the southerly line of Lot "N" is corrected as follows: The distance of 30.11 feet would be along the southerly line of Lot "N" from the easterly end of said southerly line to the easterly terminus of the distance shown as 14.94 feet also on said southerly line. CNB Public WOrks va 12 Nib F2r,r Page 1 of 2 Surveyor's Certificate I hereby certify that this Certificate of p,E U Correction was prepared by me or under my e p �- Sej direction on July 9, 2015, and the changes �p.�► G. 'QL All shown hereon are as provided for in Section 6646F��L-o division Ma Act. U '� 0 1 � NO.6685 Signed Exp. 0613VI Print Name'William t. Hoff L.S. No. 6685 Registration Expires 6/30/16 Citv Engineer's Statement I hereby state that I have examined this Certificate of Correction and found it to be substantially in conformance with the Tentative Map, as filed with, amended and ��F ESS!pp approved by the City Planning Commission; ��e VU -.f9� that all provisions of the Subdivision Map Act ��� �� kpv F(\ and the City Subdivision Regulations have e` �- == been complied �h. NO. 61527 C' 2' Z0& * EXP. 2-0/7� Dated this20 day of TOf)U4f CIViL Signed drill �TFUF uq�\F�� Print Name .tom u D '� ✓i R.C.E. or L.S. No. Registration Expires 20/7 County Surveyor's Certificate I hereby certify that I have examined this Certificate of Correction and the only changes made are those set forth in Section 66469 of the Subdivision Map Act. /��y � � 22PT Dated this day o Kevin R. Hills, County Surveyor CC%_AND Cr . Wehrma ,Chief Deputy Surveyor Listed below are the present fee owners of real property affected by this correction. Uptown Newport Jamboree, LLC, a Delaware limited liability company TSG - Parcel 1, LLC a Delaware limited liability company TPG/TSG Venture I Acquisitions, LLC, a Delaware limited liability company Page 2 of 2 cr m fig Eye � ��� � • �� rh3�� � �'`Wo � � F8 b !i Qa .r la N� I�� i�a :z 6 cab %ii 8�i4 iffii Z eh M LLb� N t1./ �"rd;j Hs 1 LO C7 v LLO J ♦tip! 'gill z O � S U m erns ♦ IQ P 'tl = N UI FWg�Ye Ob 6 m Q Og CL qE � ggti w bbq� s LU -6 INE 'Ail If Wm WF d mom a mom d � ail Ill Am tl A k m�� IWO O 0 tab go m M 6 loll Opp, mog 112 w 5.5 a a■ Z i b yg6 y �( r L a Z 0 ♦ BB e@e@ b gggg �ej ggg ti0 1 s b � LL HIP gg Z o o = d uj CL ME 2� Z U waA mill- IN m z all a 8 ti _ a 3 I a �zu TAli 1 $y 7' ee� a 2� 3# Rai „ _�.-�z T �g b � � �� k b Y���6 �n Y � j � ��� b ~ Y�R _ g ia 81 E£6 I I 13381S H0819 66, I(,9L'S9C M•6f,lL6iN) Y $ o §vg� ga� old a • 0 5) G1 G! 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