HomeMy WebLinkAboutC-5803(B) - Beacon Bay, 48 - MOL 2014RECORDING REQUESTED By
FIRST MMERICAN TITLE COMPANY
RESIDENTIAL DIVISION
Recording Requested By
and When Recorded Return To:
City of Newport Beach
100 Civic Center Drive
P.O. Box 1768
Newport Beach, California 92658-8915
Attn: City Clerk
Recorded in Oficial Records, Orange County
Hugh Nguyen, Clerk -Recorder
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2014000151013 3:37 pm 04121114
53 Sec2 M11 5 07
646.25 646.25 0.00 0.00 12.00 0.00 0.00 0.00
/BJ1-,-2 (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
Kenneth H. Crume and Gail A. Crume, Trustees of the Crume Family Trust dated
January 14, 1988 ("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 April 2lsr , 2014
and ending April 2IsT , 2064.
This Memorandum of Lease is subject to the terms, conditior s and provisions of
an unrecorded Lease between the parties dated April 2.15 , 2014, which is
incorporated herein by reference. Unless extended by a recorded amendment or
supplement hereto, this Memorandum of Lease will automatically terminate as of April
'IVs , 2064.
[SIGNATURES ON NEXT PAGE]
1
RIMM MS REQUESTED BY
FIRST kMERICAN TI i LE COMPANY
RESIDENTIAL DIVISION
Recording Requested By
and When Recorded Return To:
City of Newport Beach
100 Civic Center Drive
P.O. Box 1768
Newport Beach, California 92658-8915
Attn: City Clerk
-70 44113(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
Kenneth H. Crume and Gail A. Crume, Trustees of the Crume Family Trust dated
January 14, 1988 ("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 April 2�sr , 2014
and ending April 21sT , 2064.
This Memorandum of Lease is subject to the terms, conditions and provisions of
an unrecorded Lease between the parties dated April 2-t 5r- , 2014, which is
incorporated herein by reference. Unless extended by a recorded amendment or
supplement hereto, this Memorandum of Lease will automatically terminate as of April
21s� , 2064.
[SIGNATURES ON NEXT PAGE]
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: !-1 �-14
By: U A,(jv, fir
Aaron Harp
City Attorney
ATTEST:
Date:
By:
Leilani I. Brown
City Clerk
®ORN%F`
CITY OF NEWPORT BEACH,
a California municipal corporation
Date:—t1,A1611 X
By: 'L
David Ki
City Manager
LESSEE
Date: � -
By: /' "',17�
Kenneth H. Crume,
Trustee of the Crume Family Trust dated
January 14, 1988
Date:
By: -6x A t. a.
Gail A. Crume,
Trustee of the Crume Family Trust dated
January 14, 1988
2
State of California ) CALIFORNIA ALL-PURPOSE
Countyof Qvcte4q CERTIFICATE OF ACKNOWLEDGMENT
On q- !S - Ig before me, 6aM116 ( 46ll nol6k aCJ0)(C ,
(here insert name and title oft e offic )
personally appeared K 2�J �( ��� (ter u v i e C(fid C-1 of Ir
/+ 1 14' cr vvfl t?
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 signature(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 _/:�D,
OPTIONAL INFORMATION
*.y�
DANIEL BELL
COMM. #1971449Notary Public - CaliforniaZ Orange County
Comm. Ek ires Mar. 8, 2016'
(Seal)
Although the information in this section is not required bylaw, it could prevent fraudulent removal and reattachment of this
acknowledgment to an unauthorized document and may prove useful to persons relying on the attached document.
Description of Attached Document
The preceding Certificate of Acknowledgment is attached to a document
titled/for the purpose of
containing pages, and dated
The signer(s) capacity or authority is/are as:
❑ Individual(s)
❑ Attorney -in -Fact
❑ Corporate Officer(s)
❑ Guardian/Conservator
❑ Partner - Limited/General
❑ Trustee(s)
❑ Other:
representing:
Title(s)
Name(s) of Person(s) or Entity(ies) Signer is Representing
Method of Signer Identification
Proved to me on the basis of satisfactory evidence:
LO form(s) of identification 0 credible witness(es)
Notarial event is detailed in notaryjournal on:
Page # Entry #
Notary contact:
Other
❑ AdditionalSigner(s) ❑ Signer(s)Thumbprint(s)
O Copyright 2007-2011 Notary Rotary, Inc. PO Box 41400, Des Moines, IA 50311-0507. All Rights Reserved. Item Number 101772. Please contact your Authorized Reseller to purchase copies of this form.
CALIFORNIA -•ACKNOWLEDGMENT
CIVIL CODE § 1189
State of California
County of OPIAN (�C_
On PIP 2\L \ U j 2_0 H before me, J eNN4FE,t_ AMt-3 MU OVEJ N6TW2�1 R}t,(..,.t('
Date Here Insert Name and TitleLof the Officer
personally appeared pA V�c k l F
jJENNIFER ANN MULVEY
Commission # 2045022ZNotary Public - California
Orange County
My Comm. Expires Oct 12, 2017
Name(s) of Signer(s)
who proved to me on the basis of satisfactory
evidence to be the person(g whose name(j) is/ore
subscribed to the within instrument and acknowledged
to me that he/sem/tf ey executed the same in
his/her/th, eir authorized capacity(ies), and that by
his/her/their signature( on the instrument the
person(*, 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.
Place Notary Seal Above Signature: /�,
1 Signature of� otary Public
OPTIONAL ) \ v
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:
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:
Signer's Name:
❑ Corporate Officer — Title(s):
[-]Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney in Fact
❑ Trustee ❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
L'�4�✓4�✓ �4�: ✓4�4�U,4-✓4'�6'✓.�'✓.: ✓.��_.4'✓ -✓-✓.�`✓-.G�.�'✓.4'�4'rr4•✓ '•✓4-ar4�✓ .ti ✓ :v ✓4 �. ✓. ✓. ✓ ei4'�. ✓ ✓ ✓. v ,v�. ✓ �, ai er,
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 48 as shown on the map filed in Book 9, Pages 42 and 43 of Record of Surveys in
the Office of the County Recorder, County of Orange, State of California.
3
BOE -502-A (P1) REV. 12 (05-13)
PRELIMINARY CHANGE OF OWNERSHIP REPORT
To be completed by the transferee (buyer) prior to a transfer of subject
property, in accordance with section 480.3 of the Revenue and Taxation
Code. A Preliminary Change of Ownership Report must be tiled with each
conveyance in the County Recorder's office for the county where the
property is located.
NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE
Escrow No.: 46473 -BF
WEBSTER J. GUILLORY
ORANGE COUNTY ASSESSOR
(714)834-5031
(Make necessasy correctlons to the printed name and mailing address)
I� ASSESSOR'S PARCEL NUMBER
The Crume Family Trust dated January 14, 1988
SELLER/TRANSFEROR
The Estate of Jeffrey Michael Harris
BUYER'S DAYTIME TELEPHONE NUMBER
L BUYER'S EMAIL
STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY
48 Beacon Bay, Newport Beach, CA 92660
MAIL PROPERTY TAX INFORMATION TO (NAME)
The Crume Family Trust dated January 14, 1988
I u i r I STATE ZIP CODE J
YES ❑ NO This properfy is intended as my principal residence. If YES, pl ase indicate the date of occupancy MO DAY I YEAR
or intended occupancy. r / Z4//,-,
PART 1. TRANSFER INFORMATION Please complete all statements.
This
section contains possible exclusions from reassessment for certain types of tranfers.
YES
NO
❑
M A.
This transfer is solely between spouses (addition or removal of a spouse, death of a spouse, divorce settlement, etc.).
❑
04 B.
This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of
a partner, death of a partner, termination settlement, etc.).
❑
* C.
This is a transfer: ❑ between parent(s) and child(ren) ❑ from grandparent(s) and grandchild(ren).
❑
+W" D.
This transfer is the result of a cotenant's death. Date of death
❑ * E.
This transaction is to replace a principal residence by a person 55 years of age or older.
Within the same county? 'LYES ❑ NO
❑
"F.
This transaction is to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code
section 69.5. Within the same county? ❑ YES ❑ NO
❑
G.
This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon marriage).
If YES, please explain:
❑
40 H.
The recorded document creates, terminates, or reconveys a lender's interest in the property.
❑
, I.
This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest
(e.g., cosigner). If YES, please explain: _
❑
J.
The recorded document substitutes a trustee of a trust, mortgage, or other similar document.
❑ JM K. This is a transfer of property:
1. to/from a revocable trust that may be revoked by the transferor and is for the benefit of
❑ the transferor, and/or ❑ the transferor's spouse ❑ registered domestic partner.
❑ a 2. to/from a trust that may be revoked by the creator/grantor/trustor who is also a joint tenant, and which
names the other joint tenant(s) as beneficiaries when the creator/grantor/trustor dies.
❑ 3. to/from an irrevocable trust for the benefit of the
❑ creator/grantor/trustor and/or ❑ grantor's/trustor's spouse ❑ grantor's/trustor's registered domestic partner.
❑ L. This property is subject to a lease with a remaining lease term 35 years or more including written options.
❑ M. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel
being transferred remain exactly the same after the transfer.
❑ N. This is a transfer subject to subsidized low-income housing requirements with governmentally imposed restrictions.
❑ " O. This transfer is to the first purchaser of a new building containing an active solar energy system.
* Please refer to the instructions for Part 1.
Please provide any other information that will help the Assessor understand the nature of the transfer.
THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION
Escrow No.: 46473 -BF
BOE-502-A(P2) REV. 12 (05-13)
PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable.
A. Date of transfer, if other than recording date:
B*Te of transfer:
urchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE -100-B)
❑ Contract of sale. Date of contract: ❑ Inheritance. Date of death:
❑ Sale/LeasebackA*Creation of a lease ❑ Assignment of a lease ❑ Termination of a lease, Date lease began:
Original term in years(including/written options): Remaining term in years (including written options):
❑ Other. Please explain: C�����%-%
C. Only a partial interest in the property was transferred. ❑ Yes J# No If YES, indicate the percentage transferred:
PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable.
A. Total purchase price $
B. Cash down payment or value of trade or exchange excluding closing costs Amount $ 4(--Y,-* OUO
C. First deed of trust @ % interest for / years. Monthly payment $��� Amount $
❑ FHA Discount Points) ) ❑Cal -Vet ❑ VA (_ Discount Points) Fixed rate ❑Variable rate
❑ Bank/Savings & Loan/Credit Union *Loan carried by
❑ Balloon payment $ C5 Due date:
D. Second deed of trust @ % interest for years. Monthly payment $ Amount $
❑ Fixed Rate ❑ Variable rate ❑ Bank/Saving & Loan/Credit Union ❑ Loan carried by seller
❑ Balloon payment $ Due date:
E. Was an Improvement Bond or other public financing assumed by the buyer? DYES NO Outstanding balance $
F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price $
G. The property was purchased.#Through real estate broker. Broker name d�X/l Phone number: (94"� 4502 -, O57
❑ Direct from seller ❑ From a family member -Relationship
❑ Other. Please explain:
H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (eq.,buyer assumed the
existing loan balance) that would assist theAssessor in the valuation of your property. �.� /yJ✓�/��ki /?��,,(j
PART 4. PROPERTY INFORMATION Check and complete as applicable.
A. Type of property transferred
Aar
Single-family residence ❑ Co-op/Own-your-own ❑ Manufactured home
Multiple -family residence. Number of units: ❑ Condominium ❑ Unimproved lot
'Other. Description: (i.e., timber, mineral, water rights, etc.) ❑ Timeshare ❑ Commercial/Industrial
B. DYES 0 Personal/business property, or incentives, provided by seller to buyer am included in the purchase price. Examples of personal
property are furniture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available.
If YES, enter the value of the personal/business property: 9
C. DYES NO A manufactured home is included in the purchase price.
If YES, enter the value attributed to the manufactured home: 9
❑YES ❑NO The manufactured home is subject to local property tax. If NO, enter decal number:
D. DYES 4"NO The property produces rental or other income.
If YES, the income is from: ❑ Lease/rent ❑ Contract ❑ Mineral rights ❑ Other:
Incentives $
E. The condition of the property at the time of sale was: �7❑ Good ❑ Average 4,52-
CERTIFICATION ❑ Poor _
Please describe: i�O�C ��G✓L� ��/�/ �*4 `row/-
CERTIFICATION
/ certify (or declare) that thVoregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best
of my knowledge and beke .
SIGNATURE OFPYER7A_98FEREE OR CORPORATE OFFICER DATE / TELGPOO�E
ATIVE/CORPORATE OFFICER
Assessor's office may contact you for additional information regarding the transaction.