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Home My WebLink AboutC-7254-10 - Beacon Bay, 13 - MOL 2020RE'CORDING REQUESTED 13Y TICOR ORANGE COUNTTITLE B RANCH 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 Official Records, Orange County Hugh Nguyen, Clerk -Recorder 1111111111111111111111111111111111111 1111111111111 NO FEE *$ R 0 0 1 1 8 7 0 7 1 0$* 2020000358576 3:07 pm 07124120 105 419A M 11 507 3135.00 3135.00 0.00 0.00 12.00 0.00 0.000.000.00 0.00 (Exempt From Recording FeesPursuant` to'Oovemment'Code-§27383) Exempt from the fee -per GC2730.1(a)(2);This Document Transfer Tax document Is subject to Documentary Transfer Tax. MEMORANDUM OF LEASE $6,270.00 City of Newport Beach THIS MEMORANDUM OF LEASE is made and entered into between the City of Newport Beach, a California municipal corporation and charter city ("Lessor") and James J. Irwin and Elizabeth A. Irwin, Managers of Tradition Asset Management, LLC, a California limited liability company ("Lessee"). Lessor hereby leases to Lessee that real property located in the City of Newport Beach, County of Orange, California, described in Exhibit "1" aft ched hereto ("Property"). Th term of the Lease is fifty (50) years, commencing July, 2020 and ending July , 2070. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated July ),I-1 , 2020, which is incorporated herein by reference. Unless extended by a recorded amendment or supplement hereto, this Memorandum of Lease will automatically terminate as of July 4-1 2070. [SIGNATURES ON NEXT PAGE] RECORDING REQUeSTED �Y ORANGEICOR TITLE COtJN Y 6 RANCH 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 (Exempt From Recording Fees Pursuant to Government Code § 27383) (SPACE ABOVE THIS LINE FOR RECORDER'S USE) Exempt from the fee, per GC 27388.1 (a)(2); This Document Transfer Tax document is subjectto Documentary Transfer Tax. MEMORANDUM OF LEASE $6,270.00 City of Newport Beach THIS MEMORANDUM OF LEASE is made and entered into between the City of Newport Beach, a California municipal corporation and charter city ("Lessor") and James J. Irwin and Elizabeth A. Irwin, Managers of Tradition Asset Management, LLC, a California limited liability company ("Lessee"). Lessor hereby leases to Lessee that real property located in the City of Newport Beach, County of Orange, California, described in Exhibit "1" att ched hereto ("Property"). The,term of the Lease is fifty (50) years, commencing July, 2020 and ending July , 2070. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated July 9 i/ , 2020, which is incorporated herein by reference. Unless extended by a recorded amendment or supplement hereto, this Memorandum of Lease will automatically terminate as of July , 2070. [SIGNATURES ON NEXT PAGE] 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: -;;' / 12,0 ?� By:az2� `;� -Fur Aaron Harp City Attorney ATTEST: Date: 7. ffaQL= t�I 011JA , kk�gfs=_ BrownLeilani 1. City Clerk cj �P _1170 I� i CITY OF NEWPORT BEACH, a California municipal corporation Date: �2 11-012-4;i0 By: Grace eung City ager LESSEE: Tradition Asset Management, LLC, a Cajifor_nia li ited liability company . Dat ( �J f 1 By: \�"' James .Irwin, Manager of Tradition Asset Management, LLC Date: (4 Z --U By: Elizabeth A. Irwin, Manager of Tradition Asset Management, LLC Attachments: Exhibit "1" — Description of Property 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 �i2{F�P�(�E. }ss. On JU20-2-'DN before me, JFIVN1FZQ AM MULVc'1 Notary Public, personally appeared &IIA L; 1L . l,601114ka who proved to me on the basis of satisfactory evidence to be the person(4whose nam*) is/are subscribed to the within instrument and acknowledged to me that I-re/she/tl4ey executed the same in 14her/heir authorized capacity(•ies), and that by h��er/thoW-signatures(s-on the instrument the person(s), or the entity upon behalf of which the person(} 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. Jen nMu n lvey }� COMM #2214138 a Notary Public • California ¢„} ORANGE COUNTY « My Commission Explres Ott.12, 2021 (seal) CALIFORNIA ALL- PURPOSE CERTIFICATE OF 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 RZvev-54e } On uoe 2 , 7s%efore me, , -w-Y f ece,,re insert name an title o the o icer personally appeared 7C'Mck - �f �nny� �n�l L �Zo,L�eTh A-. �w�n 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. CHRISTOPHER NOUYEN OPubli,�Sicg7nature y hand and official Seal. s o. 2244321 NOTARY CommisPUBLIC-CALIFORNIA ORANGE COUNTY My Comm EKpims MAY 28. 2022 e (Notary Public Seal) ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF THE ATTACHED DOCUMENT (Title or description of attached document) (Title or description of attached document continued) Number of Pages Document Date CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer (Title) ❑ Partner(s) ❑ Attorney -in -Fact ❑ Trustee(s) ❑ Other ,_,iw. ,,,wh_,:ai, .i _c.r 3..0 INSTRUCTIONS FOR COMPLETING THIS FORM This form complies with current California .rtatutes regarding notar11 wording and, ifneeded, should be completed and attached to the document. Acknowledgments from other states may be completed Jor documents being sent to that state so long cis the ivo ding does not require the California notate to violate California notate law. • State and County information must be the State and County where the document sigmer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which must also be the same date the acknowledgment is completed. • The notary public nmst print his or her name as it appears within his or her commission followed by a comma and then your title (notary public). • Print the namc(s) of document signer(s) who personally appear at the time of notarization. • Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. he/she/they-,- is /are ) or circling the correct forms. Failure to correctly indicate this information may lead to rejection of document recording. • The notary seal impression must be clear and photographically reproducible. hopression must not cover text or lines. If seal impression smudges, re -seal if a sufficient area permits, otherwise complete a different acknowledgment form. • Signature of the notary public must match the signature on file with the office of the county clerk. Additional information is not required but could help to ensure this acknowledgment is not misused or attached to a different document. Indicate title or type of attached document, number of pages and date. Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officer, indicate the title (i.e. CEO, CFO, Secretary). • Securely attach this document to the signed document with a staple. 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 13 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.