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HomeMy WebLinkAboutC-1306 - Fire station at Newport Center site (see also Deed D-996)� N 4 I N CEO 17'oeAG PARAKIlVG Lo T �-. -772- w /S' SE rBA Q \,� O\ J �SioEW'4I -A � LgMOSCA v H / 1 1 mn S/ T,f: / 0 20 Lasc F ETBA C,4,- v w l° _i �-w 0 61 rill i � ire 1 i I finished con/`our's fo he nifhil,7 so 5' of (hose s h"� \ \\ CITY OF NEWPORT BEACH DRAWN GB - - - DATE_12 -1-69 PUBLIC WORKS DEPARTMENT APPROVED GRAD //VG OL A /V PUBLIC WORKS DIRECTOR /l/EWPOAF' T 0,=--A/ P R.E. NO. F /QE iAT/ 0/V DRAWING NO. N� 1 \_ N \ 4 .,a I V N N Y n Ri b W O / /w1II I o l I ` \ \ I. Fir shed can /ours /s 6e iv;14 ? t o.5' of /hare as shown \ \ \\ EXHIBIT "D" THE IRVINE COMPANY PROJECT: G,PAO /ii/G PLAN 560 NEWPORT CENTER DRIVE - (714) {{49011 NEWPORT BEACH, CALI /ORNIA 92660 TITLE: NEWPORT CENTER f /RE STArmi/ .Wr7 E �L SmI I I l .w ,o I DW BY DATE 1',X 49 SHEET / OF. / N0. REVISED BY DATE CKD..BY BASE MAP 0. 2 FILE N .Z 0 z 6 N p . .V�,•R � p Le p (�1 v%VMa K s Loop. 0 ac.�tic.�pl N /,' I J '•:.'car% `'.yri I r\ \ me' -,v 'l r' I I (1 \ 1 /. Finished e'onfoors A Aa wiA* t o s' of #aft as sberwT \\ THE IRVINE COMPANY PROJECT: GRAO /NG PLAN 600 NEWPORT CENTER DRIVE • (711) 641.6011 NEWPORT BEACH, CALIFORNIA 07660 TITLEI A/f'WODP7- PfA1;rrP F /.PE STAT//l& DIN BY DATE/ /Z G SHEET / OF CK�. BY BASE MAP FILE Na N0. REVISED BY DATE Z I T 3 r 'SSE b SAN o Tq 10� `�- 13 °00'00" Q,5g0.poi ,p. O O� it 2I i 21r J N OP � F 1.52 AC. GROSS N v 1.?-0 AG. IJE.T „j J 0 0 N 0 0 y10 to O apJ 0. 0 Q' O (b N a' NN' N1 � /O 4O2J tnN �p (0 d b ro v /LV ^lJ \S �� DO8 \ � Q c4 \ o� P `% �, TO: FINANCE DIRECTOR FROM: City Clerk SUBJECT: Contract No. r,1306 V DATE Ausist 10. 1970 Description of Contract rice StatiM Site Authorized by Resolution No. 7235 , adopted on 7 -13-70 Effective date of Contract July 14, 1970 Contract with The Irvine Oagaxy Address 650 Newport Oenter Drive Newport Beach, G 92660 Amount of Contract 8146,400.00 city Clerk , xs Ken Perna, Publio Works wloa of contract in � RESOLUTION NO. 7235 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AN AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH j AND THE IRVINE COMPANY FOR THE PURCHASE OF A FIRE STATION SITE IN THE NEWPORT CENTER WHEREAS, the City Council of the City of Newport Beach has determined that it is necessary that the City acquire a site for a fire station in the Newport Center; and WHEREAS, a certain agreement designated "AGREEMENT FOR PURCHASE AND SALE UNDER THREAT OF EMINENT DOMAIN (NEWPORT CENTER FIRE STATION SITE)" has been presented to the City Council for its consideration; and WHEREAS, the City Council has reviewed the terms of said agreement and has determined that it is in the City's interest to authorize the approval and execution of said agreement on behalf of the City; NOW, THEREFORE, BE IT RESOLVED that the agreement above described is approved, and the Mayor and City Clerk are hereby authorized and directed to execute the.same on behalf of the City of Newport Beach; BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute the Escrow Instructions for the purchase of said property, which have been submitted with said agreement. ADOPTED this 13th day of July, 1970. ATTEST: City Clerk Mayor THS:mh 7/9/70 i CITY OF NEWPORT :BEACH Office of City Attorney To: Fina,ce Director Date: July 30, 1970 From- City Attorney Subject: Purchase of site for Newport Center Fire Station - Escrow No. 001 TR In order to close the above escrow, would you please prepare a check in the amount of $66.73, payable to the Santiago Escrow Company. This amount represents the closing costs, as set forth in the attached statement and accompanying letter from the escrow company. Please mail the. together with a. convenience. check to the Santiago Escrow Company, copy of the statement, at your earliest TULLY H. SEYMOUR City Attorney THS:mh Att. cc: City Manager City Clerk ✓ 4 • SANTIAGO ESCROW 500 Newport Center Dr., Suite 455, Newport Beach, Calif. 92660 (714) 644 -5111 COMPANY July 29, 1970 Mr/ Tully H. Seymour City Attorney City of Newport Beach Newport Beach, California 92660 Dear Mr. Seymour: In reference to the purchase of the fire station for Newport Beach from The Irvine Company, the deed was recorded on July .28, 1970. Enclosed is the original and one copy of the closing statement. The closing costs come to $66.73. Your party received a credit of $108.27 on the pro- ration of real property taxes. The escrow fee for your half was $175.00, leaving the balance owing of $66.73. Please have the City of Newport Beach mail us a check in that amount payable to Santiago Escrow Company so we may close out the escrow. The deed will be forwarded to you from the County Recorder's office in a few weeks. The title policy insuring your interest will be - mailed to you as soon as it is received. Thank you very much for your cooperation in this matter. very truly yours, / zc�� Anth P. Rowe' Manager Ehnc /tr ESCROW STATEMENT i i 500 Newport Center Dr., Suite 455, Newport Beach, Calif. 92660 (714) 644 -5111 L Statement of: City of Newport Beach Escrow Number 001 TR Data SANTIAGO ESCROW COMPANY OT: TRACT: Recorded: July 28 1 70 . 110-10-M t \x C: ITEMS DEBITS CREDITS CONSIDERATION: Sale 1 Loan 146,400 00 Deposited 146,400 00 Paid Outside of Escrow Trust Deed in favor of: Trust Deed in favor of Seller Balance of Encumbrance of Record ADJUSTMENTS: Interest on $ @ % from to Taxes$ 1,442.67 for 12 Months from 7 -1 -70 to 7 -28 -70 108 27 Insurance $ Premium r/s from to Community Assn. @ $ from to Rents $ Per from to Impounded Funds Held By Lender PAID TO TITLE COMPANY: Title Policy Documentary Stamps On Deed Recording: Deed Trust Deed Reconve ance Commission Escrow Fee 175 00 Drawing Documents Notary Fees Insurance Endorsements Service Fee: Beneficiary's Statement ( ► Demand( ► New Loan ( 1 I LENDER'S LOAN CHARGES: Loan Fee $ , Appraisal Fee $ Tax Service $ Interest @ % from to Lender's Forwarding Fee — Beneficiary's Statement PAYMENT OF ENCUMBRANCES: Demand of Principal $ Interest @ % from to $ Reconveyance Fee $ Prepayment Charge $ Forwarding Fee $ Balance to cover closing costs. 66 73 Our Check To Balance TOTALS 146�575100 R 146,575 00 . 110-10-M t \x C: Escrow Number ESCROW INSTRUCTIONS. 001 TR SELLER AND BUYER SUYER'S COPY May 26, 1970 SANTIAGO ESCROW 500 Newport Center Dr., Suite 455, Newport Beach, Calif. 92660 (714) 644 -5111 COMPANY SELLER THE IRVINE COMPANY BUYER CITY OF NEWPORT BEACH Escrow Agent is hereby instructed that for a total consideration of $ 146 400.00 and on or before the closing date of June 30, 1970 1. SELLER will hand you Deedffi=kjmmxnTftaa3=onveying title to the subject property of this escrow in favor of vestee named herein, and all other documents and monies required of seller to enable you to comply with these instructions; and 2. BUYER will hand you $ 146,400.00 cash through escrow and"Afo1,e loin(s) being obtained by buyer; the balance, if any, of $ None has been'pafd to seller outside of escrow; and all other documents and monies required of buyer to enable you. to'bomply with these instructions; which you are authorized to use, record, and /or deliver when you hold foi=;:the account of 3. SELLER: The sum of $ 146,40n -00 cash (including $�gacknowledged as paid outside of escrow), to g ether with those other amounts credited to` Vlbcordin to these instructions, and less those amounts chargeable to seller according to these instructions, and the documents, if any, deliverable to seller according to the instructions below; and. for 4. BUYER: The documents and /or monies credited to buyer according to the instructions below; and provided instruments have been filed for record entitling you to procure an OWA°Y's policy of title insurance with a liability in the amount of the total consideration shown above on real property in the County Of nRANrV. , State of California, described as: SEE ATTACHED LEGAL DESCRIPTION AS EXHIBIT "B ". and showing FF.F. title vested in the following VESTEE: THE CITY OF NEWPORT BEACH, A MUNICIPAL CORPORATION. SUBJECT ONLY TO: ALL general and special taxes for the fiscal year 19_70_ -19 71 lien not yet payable. Covenants, conditions, reservations, restrictions, rights, rights of way and easements now of record, if any. ADDITIONAL RESERVATIONS, COVENANTS AND CONDITIONS AS SHOWN ON THE CORPORATION GRANT DEED ATTACHED AS EXHIBIT "A ". YERS CppY �U $ 161 - 1 5 in Documentary tax is the proper amount to be affixed to seller's deed and charged to seller's account. MAIL DEED to: CITY OF NEWPORT BEACH 3300 Newport Blvd. Newport Beach, California MAIL TAX STATEMENT to: same as above CONSIDERATION MEMO Paid outside of escrow $ Cash through escrow $ 146.400.00 Encumbrance of Record $ —0— New Encumbrance $ —0— AL CONSIDERATION $ 146.400.00 Each party signing these instructions has read the additional escrow conditions and . nstructions on the reverse side hereof and approves, accepts and agrees to be bound thereby as though the r--,ierse side hereof appeared over their signatures. The undersigned seller and buyer acknowledge receipt of a -.-:py of these instructions. SELLER'S SIGNATURE, Address & T aO�Mr, N THE IRQNE VOMPAA/�� Vic FgeFik& BY. 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Santiago Escrow Company will mail preliminary title report to the City, of Newport Beach and failure to approve or disapprove said report within seven (7) days from the date of receipt, in writing, shall be presumed approval thereof. Taxes are to be adjusted and pro -rated to the close of escrow. Tax prorations will be based on the taxes for the fiscal year 1969 -70. It is understood that SANTIAGO ESCROW COMPANY is a subsidiary of The IRVINE COMPANY. BUYERS herein agree to place into this escrow a resolution of acceptance of the document of conveyance, in recordable form, that will meet County Recorder's requirements for consent of the Grantee, and authorizes you to record same through your escrow. So -yER'S %JW The foregoing terms, conditions, provisions and instructions have been read and are understood and agreed to by each of the undersigned. THE UNDERSIGNED SELLERS AND BUYERS ACKNOWLEDGE RECEIPT OF A COPY OF THESE INSTRUCTIONS. SELLER'S SIGNATURE \BUYER'S SIGNATURE CITY ISIS ioe -io-se Page No. S ftECORDING REQUESTED BY - AND wMd 11ccOno 90 MAUL To TO 406 CA (7.68) SPACE ABOVE THIS LINE FOR RECORDER'S USE I Corporation Grant Deed I THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, THE IRVINE COMPANY a corporation organized under the laws of the state of West Virginia hereby GRANTS to CITY OF NEWPORT BEACH, a Municipal corporation, the following described real property in the City of Newport Beach County of State of California: fSee Exhibit "A" attached] GOP D.T.T. S In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instru ment to be executed by its president and Secretary NeMe Dated: AddaM STATE OF CALIFORNIA Qtr L SS. COUNTY OF Step. L . J By "I TAX rTATIMDIR TO signed, a Notary Public in and for said State, personally appeared Secretary known Noble • to me to be the President, and strut known to me to be Addrnr Secretary of the Corporation that executed the City 8 - within Instrument, known to me to be the persons who executed the ftt. L J TO 406 CA (7.68) SPACE ABOVE THIS LINE FOR RECORDER'S USE I Corporation Grant Deed I THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, THE IRVINE COMPANY a corporation organized under the laws of the state of West Virginia hereby GRANTS to CITY OF NEWPORT BEACH, a Municipal corporation, the following described real property in the City of Newport Beach County of State of California: fSee Exhibit "A" attached] GOP D.T.T. S In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instru ment to be executed by its president and Secretary thereunto duly authorized. Dated: STATE OF CALIFORNIA By SS. COUNTY OF President . On before me, the under By signed, a Notary Public in and for said State, personally appeared Secretary known • to me to be the President, and known to me to be Secretary of the Corporation that executed the - within Instrument, known to me to be the persons who executed the within Instrument on behalf of the Corporation therein named, and - acknowledged to me that such Corporation executed the within Instru menl pursuant to its bylaws or a resolution of its board of directors: WITNESS my hand and official seal. - EXHIBIT "A" Signature _ --. c� V. . 9I 10 11 12 13� 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 BUYER'S COPY NEWPORT CENTER FIRE STATION That portion of Block 55 of Irvine's Subdivision; in the City of Newport Beach, County of Orange, State of California,--as per map filed in Book 1, page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, described as follows: Commencing at the Northeasterly terminus of that ..certain center line course of Jamboree Road described as "North 42 35' 31" East, 860.76 feet" in Parcel A in a deed to the City of Newport Beach recorded June 17, 1966 in Book 7964, page 631 of Official Records ...of said County; thence South 43° 30' 31" West 535.20 feet along said center line; thence leaving said center line South 46° 29' 29" East 194.10 feet to the beginning of a curve concave Southwesterly having a radius of 580.00 feet; thence Southeasterly 131.60 feet along said curve through an angle at 13° 00' 00" to the True Point of Beginning; thence continuing Southeasterly 188.69 feet along said curve through an angle -of - 180 38' 2311; thence non - tangent North 75° 08' 54" East - 83.23 feet to the beginning of a curve concave North- westerly having a radius of 500.00 feet; thence North - - easterly 247.13 feet along said curve through an angle of 28° 19' 08 "; thence North 43° 10' 14" West 15.00 feet along a radial to said curve to a point on a non - tangent curve concave Northwesterly having a radius of 485. -00 feet and concentric with last mentioned curve; thence non- tangent North 46° 29' 29" West 264.59 feet; thence South 43° 30' 31" West 184.51 feet to a point on ..a non - tangent curve concave Southwesterly- having a radius of 630.50 feet and being concentric with.the above described curve having a radius of 580.00 feet; a radial to said goint bears North -560 30' 31" East; thence South 56 30' 31" West 50.50 feet along said radial to the True Point of Beginning. 1. Reserving to Grantor, its successors and assigns; (a) All oil, gas, petroleum and other hydrocarbon (substances in and under the option property, together with all necessary and convenient rights to explore for, develop ,produce--- - and extract and take the same, subject to the express limitation tha any and all operations for the exploration, development; production, extraction and taking of any of said substances shall be carried on at levels below the depth of five hundred -(500) feet from the Exhibit A - Page 1 1! 2I 3� 4i .5 1, 6I, 7 8 9', 10 11 12 13 14 151 16 17 18 19 20 21 221 23 241 25 26 27i 28 29 30 31 321 BUY&S COPY surface of said land by means of wells, derrick and /or other .equipment from surface locations on adjoining or neighboring land, and subject.further to tEe express limitation that the foregoing reservation shall in no way be interpreted to include any right .of entry in and upon the surface of the land hereinabove described. _ It is.understood by the parties that the above stated reservation is expressly subject to all restrictions and regulations concern- ing the drilling for and production of oil, gas, petroleum and other hydrocarbon substances, which are contained in the City Charter or the municipal ordinances of the City of Newport Beach. (b) An easement for private road purposes over the southeasterly 15.00 feet of Subject Property and granting to Grantee, its successors and assigns the non - exclusive right to use such easement for the purpose of ingress and egress to and from Subject Property. 2. SUBJECT TO covenants, conditions and restrictions, as follows: 1970; (a) Real Property taxes for the fiscal year 1969- (b) Covenants, conditions, restrictions and public utility easements of record as of the date of said deed; (c) The southwesterly.50.50 feet of Subject Pro- perty shall be used only for public street and highway purposes. (d) If at any time within twenty -five (25) years from the date of the deed, Grantee shall propose to voluntarily sell or lease all or any portion of the Subject Property, Grantor shall have the option to purchase the property to be sold or leased, prorated on an acreage basis. in the event of a sale or lease of only a portion of the Subject Property. Grantee shall give written notice of its intent to sell or lease, specifically describing the parcel or parcels to be sold or leased, and Grantor shall have thirty (30) days in which to notify Grantee in writing Exhibit A - Page 2 9 2 3 4 5 6 7 8 F 10 11 12 13 14 15 16 17 18 19 20 21. 22 23 24 25 26 27 28 29 30 31 32 WAVS-COPY cif it wishes to..exercise its option. All notices provided for herein shall be deemed to have been duly given if and when deposited in the United States mail, properly stamped and addressed to the party for whom intended at the party's above listed address, or when delivered personally to such party. The price at which the property or any portion thereof may be.repurchased by Grantor pursuant to said option shall be the fair market value at the time of the proposed sale, to be determined as follows: In the event that the parties are unable to agree on-the fair market value of the property to be repurchased by Grantor, within thirty (30) days following notice of Grantor's intention to exercise its option to (repurchase, each party shall appoint an appraiser and shall give Ithe other party written notice of such appointment. If the respective appraisers are unable to agree on the purchase price of the property, the two appraisers shall appoint a third appraiser whose decision as to the fair market value of the property shall be final and binding on both parties. If the two appraisers are unable to agree on the appointment of a third appraiser within ten (10) days after the appointment of the second appraiser, either party may request the Presiding Judge of the Orange County Superior Court to appoint a third appraiser. Each party shall pay the fees of the appraiser appointed by it or on its behalf, and the fees of the third appraiser shall be divided equally between the parties. (e) Grantor, its successors and assigns, for a period of twenty -five (25) years from the date of the deed shall have the right to approve the exterior design of all improvements to be constructed upon the premises. Grantee shall supply to Grantor for its approval two complete sets of construction plans and specifications for the exterior of said improvements and adjoining areas to be landscaped, prepared by a licensed architect or licensed engineer, including but not limited to grading and drainage plans and soils report, a plot plan sil...�ng the proposed Exhibit A - Page 3. l� I 2 3 4 51 61 71 81 9I 10 11 4 121 13 14 15 16 17 18 19 20 21 22 23 2411 25 26 271 28( 29 30 31 32 Copy location of said improvements, all utilities and service connec- tions and all places of ingress and egress to public streets and roads and plans for outdoor signs and lighting. Grantor shall approve said plans within thirty (30) days from the receipt thereof by returning one set of plans to Grantee with its approval indicated thereon, or shall notify Grantor within thirty (30) days from receip of said plans of the reasons for its disapproval. However, Grantor shall not unreasonably withhold its consent. Upon completion of said improvements and within one hundred eighty (180) days from the final inspection by the local municipality, all landscaping proposed with the approved construction plans must be completed. During said twenty -five (25) year period no structure or other improvement, the plans, specifications and proposed locatio of which have not first received the written approval of Grantor or which does not comply with such plans, specifications and locations, shall be constructed and maintained on the land. No material addition to or alteration of any building or structure erected on th premises shall be commenced unless and until ,plans and specification covering the exterior of the proposed addition or alteration shall have been first submitted to and approved by Grantor in the manner above provided. The approval of Grantor of any plans and specifica- tions refers only to the conformity of such plans and specifications to the general architectural plan for the premises and the neighbor - ing lands; such approval of plans and specifications assumes no liability or responsibility therefor or for any defect in any struc- ture constructed from such plans and specifications. (f) Grantee.agrees that it will reserve certain areas on the Subject Property to be devoted to such uses and in such manner as hereinafter in this paragraph set forth and on which no structures will be built, and further that such reservation shall be binding upon Grantee's successors in interest. shall be as follows: Exhibit A - Page 4 Said areas and uses 3j 41 5 61 7 8; 9I' 10 11 12 13 14 15 16 .17 18 19 20 21. 22 23 24 25 26 27 28 29 30 31 32 0 (1) For the full length of the northeasterly side of Subject Property an area of fifteen feet (15') in width shall be devoted to landscaping and sidewalks; (2) For the full length of the southeasterly side of Subject Property beginning at the edge of the easement for private roadway purposes reserved in l(b) above and extending inward toward the center of Subject Property an area of eighteen feet (18'), in width shall be devoted to landscaping and sidewalks; and (3) For the full length of the southwesterly side of Subject Property adjacent to Santa Barbara Drive an area of twenty feet (20') in width shall be devoted to landscaping only. . It is mutually agreed that access to the site may be taken across the above reserved areas. ,s COO 0111E9 Exhibit A - Page 5 i. EXHIBIT "B" • 20 /69�UICE'S �UNy Revised 9/2/69 NEWPORT CENTER FIRE STATION That portion of Block 55 of Irvine's Subdivision, in the City of Newport.Beach, County of Orange, State of California, as per map filed in Book 1, page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, de- scribed as follows: Commencing at the Northeasterly terminus of that certain center line course of Jamboree Road described as "North 420 35' 31" East, 860.76 feet" in Parcel A in a deed to the City of Newport Beach recorded June 17, 1966 in Book 7964, page 631 of Official Records of said County; thence South 430 30' 31" West 535.20 feet along said center line; thence leaving said center line South 460 29' 29" East 194.10 feet to the beginning of a curve concave Southwesterly having a radius of 580.00 feet; thence Southeasterly 131.60 feet along said curve through an angle at 13° 00' 00" to the True Point of Beginning; thence continuing Southeasterly 188.69 feet along said curve through an angle of 180 38' 23 "; thence non - tangent North 750 08' 54" East 83.23 feet to the beginning of a curve concave North- westerly having a radius of 500.00 feet; thence North - easterly 247.13 along said curve through an angle of 28° 19' 08 "; thence North 430 1,0' 14" West 15.00 feet along a radial to said curve to a point on a non - tangent curve concave Northwesterly having a radius of 485.00 feet and concentric with last mentioned curve; thence non - tangent North 460 291 29" West 264.59 feet; thence South 430 30' 31" West 184.51 feet to a point on a non - tangent curve concave Southwesterly having a radius of 630.50 feet and being concentric with the above described curve having a radius of 580.00 feet; a radial to said point bears North 560 30' 31" East; thence South 560 30' 31" West 50.50 feet along said radial to the True Point of Beginning. RESERVING UNTO GRANTOR, its successors and assigns an easement for road purposes over the Southwesterly 50.50 feet and the Southeasterly 15.00 feet. �s OCR f CITY OF NEWPORT BEACH Office of CITY ATTORNEY To: The Honorable Mayor and Date: July 13, 1970 Members of the City Council From: City Attorney Subject: Agreement for purchase of a fire station site in Newport Center Transmitted herewith is the agreement between the City and The Irvine Company for the purchase of the fire station site in the Newport Center, Attached as exhibits to the agreement are the proposed grant deed conveying the property to the City, and the escrow instructions. The key provisions of,the agreement and deed are as follows: The agreement provides: 1. The purchase price of the subject property is $146,400, which figure is based upon an appraisal prepared by Cedric White, M.A.I., the appraiser employed by the City; 2. The Irvine Company agrees to construct the improvements listed on page 3 of the agreement, which include the grading of the property, construction of on -site utility lines, and construction of certain street improvements; 3. The City agrees to deed a public street easement over the southwesterly 50.50 feet of the subject property [Item (a), page.21 and to allow the seller to retain an easement for private road purposes over the southeasterly 15 feet of the subject property with a non - exclusive right to use said private road reserved to the City [Item (b), page 2]. The deed contains the following reservations and covenants, conditions and restrictions: 1. The Irvine Company reserves the mineral rights subject to all City restrictions and regulations concerning production of oil, gas, etc. [Item (a), Exhibit A, page 1]; 2. Provision is made that The Irvine Company shall have the right of first refusal to re- purchase the property or any { Re: Fire Station site -2- 1 I1 L J July 13, 1970 portion thereof at its fair market value in the event the City should decide to sell or lease any portion of the subject property at any time within 25 pars from the date of the deed [Item (d), Exhibit A, page 2]; 3. For a period of 25 years from the date of the deed The Irvine Company reserves the right to approve the exterior design of all improvements to be constructed upon the premises [Item (e), Exhibit A, page 3]. THS:mh Att. cc: City Manager City Clerk .. CiLLY arSE neyCity A toey i 4i 5� i 61 7 8, 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 AGREEMENT FOR PURCHASE AND SALE UNDER THREAT OF EMINENT DOMAIN (NEWPORT CENTER FIRE STATION SITE) THIS AGREEMENT FOR PURCHASE AND SALE made as of this �!j -rq day of X V A- r , 1970 by and between the CITY OF NEWPORT BEACH, a municipal corporation (hereinafter "Buyer "), and THE IRVINE COMPANY, a West Virginia corporation (hereinafter "Seller "); RECITALS Seller is the owner of certain real property as described in Exhibit A (hereinafter "Subject Property "), attached hereto. Buyer wishes to acquire said property as a site for a fire station and to this end has adopted a resolution authorizing the exercise of the power of eminent domain for its acquisition. The parties hereto mutually desire to provide for the purchase and sale of said property upon mutually acceptable terms to avoid "the necessity of an.action in eminent domain. WITNESSETH: 1. Purchase Price and Escrow Seller hereby agrees to sell to Buyer, and Buyer hereby agrees to buy from Seller, that certain parcel of real property as described in Exhibit A attached hereto. The purchase price for Subject Property shall be One Hundred Forty -Six Thousand Four Hundred Dollars ($146,400.00) payable through and in accordanc 2d with escrow instructions to be executed by Seller and Buyer (the 26 "Escrow Instructions" herein) in the form attached hereto as 1 27'; Exhibit B and made a part hereof. 23 2. Title 29` Seller agrees to deliver to Buyer, in accordance with 30 ii Escrow Instructions, title to Subject Property, with the reservations in favor of Seller and subject to.the conditions contained in the 3211 form of Deed, a copy of which is attached hereto as Exhibit C and -1- i 111 21 I 3� 4i 5� i 61 7 8, 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 AGREEMENT FOR PURCHASE AND SALE UNDER THREAT OF EMINENT DOMAIN (NEWPORT CENTER FIRE STATION SITE) THIS AGREEMENT FOR PURCHASE AND SALE made as of this �!j -rq day of X V A- r , 1970 by and between the CITY OF NEWPORT BEACH, a municipal corporation (hereinafter "Buyer "), and THE IRVINE COMPANY, a West Virginia corporation (hereinafter "Seller "); RECITALS Seller is the owner of certain real property as described in Exhibit A (hereinafter "Subject Property "), attached hereto. Buyer wishes to acquire said property as a site for a fire station and to this end has adopted a resolution authorizing the exercise of the power of eminent domain for its acquisition. The parties hereto mutually desire to provide for the purchase and sale of said property upon mutually acceptable terms to avoid "the necessity of an.action in eminent domain. WITNESSETH: 1. Purchase Price and Escrow Seller hereby agrees to sell to Buyer, and Buyer hereby agrees to buy from Seller, that certain parcel of real property as described in Exhibit A attached hereto. The purchase price for Subject Property shall be One Hundred Forty -Six Thousand Four Hundred Dollars ($146,400.00) payable through and in accordanc 2d with escrow instructions to be executed by Seller and Buyer (the 26 "Escrow Instructions" herein) in the form attached hereto as 1 27'; Exhibit B and made a part hereof. 23 2. Title 29` Seller agrees to deliver to Buyer, in accordance with 30 ii Escrow Instructions, title to Subject Property, with the reservations in favor of Seller and subject to.the conditions contained in the 3211 form of Deed, a copy of which is attached hereto as Exhibit C and -1- i 1! 2 3 4 5 6 7 8 9 10 11 12 iJ made a part hereof. The legal description to be inserted in said Deed shall be taken from a parcel map to be prepared as hereinafter provided. Seller shall provide and pay for a policy of title insurance. 3. Parcel Map Upon full execution of this Agreement by the parties ihereto, Seller shall prepare, subject to the approval of Buyer, a parcel map delineating the property to be conveyed and cause said parcel map to be recorded. Seller and Buyer shall share equally j the cost of said parcel map. 4. Proration as to Taxes Taxes on the Subject Property shall be prorated as of the date of conveyance. Buyer shall take all necessary action 1<<; pursuant to the Revenue and Taxation Code to cause the Subject 15 Property to be removed from the property tax rolls. Buyer hereby �I 13 agrees to indemnify and hold Seller harmless from any and all real 17 property taxes or assessments which may be assessed against the io Subject Porperty after the date of conveyance. 5. Rights of Access 20;'. It is mutually agreed that the following provisions 21'� for access shall be made. These provisions shall be binding on the i 22;1 successors.and assigns of both Buyer and Seller: 23 (a) Buyer agrees to forthwith proceed to dedicate 2< 25 26 27 a public easement for street and highway purposes over the south- westerly 50.50 feet of Subject Property. (b) Seller shall retain an easement for private road purposes over the southeasterly 15.00 feet of Subject Property 28;! which Buyer shall have a non - exclusive right to use for the pur- 291! pose of ingress and egress to and from Subject Property. 301 6. Construction by Seller 31i1 (a) After execution of this Agreement, and within 32l sixty (60) days after receiving a written request from Buyer, it _Z_ I 5 6 7 8 9 10 Ova i. • Seller agrees to commence and diligently pursue to completion the following improvements: (1) Grade and contour the property in accordance with grading plan depicted on the document attached hereto as Exhibit D and made a part hereof; (2) Construct the northeasterly one -half of Santa Barbara Drive, extending from Jamboree Road to the southerly corner of Subject Property, as depicted on Exhibit E attached hereto and made a part hereof, including a 38 -foot wide paved travelway, concrete curb, gutter, street lighting, sidewalk, and median opening in Jamboree Road; 12'1 I (3) Install complete and usable water, sewer, ! 1311 electricity and gas lines in Santa Barbara Drive and stub out to 14 'I the property line; 15 II (b) Seller will construct the proposed private drive 16lshown on Exhibit E running along the southeasterly side of Subject 171'Property and intersecting with Santa Barbara Drive at the southern �I 18!lcorner of Subject Property. Buyer agrees that if it uses said 19'1private drive to gain access to Subject Property, it shall pay to 2a'Seller its prorata share of the cost of maintenance of said private 21:1 drive. 22i; (c) Seller agrees to pay for any charges imposed by 251the Southern California Edison Company pursuant to the Underground 21< 12KV Background System, Agreement, and to pay the City's Water 2o';Capital Improvement charge. r 7. Dedication of Private Drive 27i1 If, at any time, Seller proposes to dedicate to 2s J u�! ;public street use an area including said proposed private drive, 2�!Buyer agrees to dedicate to public street use concurrently with such 30 :dedication by Seller so much of the southeasterly side of subject 3iliproperty as is reserved for landscaping and sidewalks in paragraph S2 1 2 (f) (2) of Exhibit A attached to Exhibit C. ij -3- 2 3 4 5 6 7 8 9 10 Ova i. • Seller agrees to commence and diligently pursue to completion the following improvements: (1) Grade and contour the property in accordance with grading plan depicted on the document attached hereto as Exhibit D and made a part hereof; (2) Construct the northeasterly one -half of Santa Barbara Drive, extending from Jamboree Road to the southerly corner of Subject Property, as depicted on Exhibit E attached hereto and made a part hereof, including a 38 -foot wide paved travelway, concrete curb, gutter, street lighting, sidewalk, and median opening in Jamboree Road; 12'1 I (3) Install complete and usable water, sewer, ! 1311 electricity and gas lines in Santa Barbara Drive and stub out to 14 'I the property line; 15 II (b) Seller will construct the proposed private drive 16lshown on Exhibit E running along the southeasterly side of Subject 171'Property and intersecting with Santa Barbara Drive at the southern �I 18!lcorner of Subject Property. Buyer agrees that if it uses said 19'1private drive to gain access to Subject Property, it shall pay to 2a'Seller its prorata share of the cost of maintenance of said private 21:1 drive. 22i; (c) Seller agrees to pay for any charges imposed by 251the Southern California Edison Company pursuant to the Underground 21< 12KV Background System, Agreement, and to pay the City's Water 2o';Capital Improvement charge. r 7. Dedication of Private Drive 27i1 If, at any time, Seller proposes to dedicate to 2s J u�! ;public street use an area including said proposed private drive, 2�!Buyer agrees to dedicate to public street use concurrently with such 30 :dedication by Seller so much of the southeasterly side of subject 3iliproperty as is reserved for landscaping and sidewalks in paragraph S2 1 2 (f) (2) of Exhibit A attached to Exhibit C. ij -3- ... 2 ICI KM Elm M 6 i 7� i 8' 9� 10 11� 12 131 1nl 151 161 17 i 18;1 20 it 21" 22 ii 25 ii 2� it 25 li 28I lj 27 " 28i 29 II li 30!� 31 321 i • IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. APPROVED AS TO FORM.: CITY OF NEWPORT BEACH ayor ATTEST: City Attorney City Cler BUYER THE IRVINE COMP �J Title:0 ME LRESIDENt By Title: ASSISTANT SECRETARY �`�y\NE CC . SELLER w — *C \ 1? SEAL -4- I r HEC /sm 8/20/69 Revised 9/2/69 Revised 9/8/69 NEWPORT CENTER FIRE STATION That portion of Block 55 of Irvine's Subdivision, in the City of Newport Beach, County of Orange, State of California, as per map filed in Book 1, page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, de- scribed as follows: Commencing at the Northeasterly terminus of that certain center line course of Jamboree Road.described as "North 420 35' 31" East, 860.76 feet" in Parcel A in a deed to the City of Newport Beach recorded June 17, 1966 in Book 7964, page 631 of Official Records of said County; thence South 430 30' 31" West 535.20 feet along said center line; thence leaving said center line South 460 29' 29" East 194.10 feet to the beginning of a curve concave Southwesterly having a radius of 580.00 feet; thence Southeasterly 131.60 feet along said curve through an angle at 130 00' 00" to the True Point of Beginning; thence continuing Southeasterly 188.69 feet along said curve through an angle of 180 38' 23 "; thence non - tangent North 750 08' 54" East 83.23 feet to the beginning of a curve concave North- westerly having a radius of 500.00 feet; thence North- easterly 247.13 along said curve through an angle of 280 19' 08 "; thence North 430 10' 14" West 15.00 feet along a radial to said curve to a point on a non- tangent curve concave Northwesterly having a radius of 485.00 feet and concentric with last mentioned curve; thence non - tangent North 460 29' 29" West 264.59 feet; thence South 430 30' 31" West 184.51 feet to a point on a non - tangent curve concave Southwesterly having a radius of 630.50 feet and being concentric with the above described curve having a radius of 580.00 feet; a radial to said_p oint bears North 560 30' 31" East; thence South 560 30' 31" West 50.50 feet along said radial to the True Point of Beginning. RESERVING UNTO GRANTOR, its successors and assigns an easement for road purposes over the Southwesterly 50.50 feet and the Southeasterly 15.00 feet. EXHIBIT "A" • .. Escrow Number ESCROW ,INSTRUCTIONS. », ODa` TR OLL R AND BUYER May 26, 1970 SANTIAGO ESCROW 500 Newport Center Dr., Suite 455, Newport Beach, Calif. 92660 (714) 644 -5111. COMPANY SELLER THE IRVINE COMPANY BUYER CITY OF NEWPORT B .ACH Escrow Agent is hereby instructed that for a total consideration of $ 146 400.00 and on or before the closing date of June 30. 1970 1. SELLER will hand you DeedAnkiroxmWksasemconveying title to the subject property of this escrow in favor of vestee named herein, and all other documents and monies required of seller to enable you to comply with these instructions; and 2. BUYER will hand you $ 146,400.00 cash through escrow and $ NnnP loan(s) being obtained by buyer; the balance, if any, of $ NonP has been paid to seller outside of escrow; and all other documents and monies required of buyer to enable you to comply with these instructions; which you are authorized to use, record, and /or deliver when you hold for the account of 3. SELLER: The sum of $ 146940n -nn I cash (including $ None acknowledged as paid outside of escrow), together with those other amounts credited to seller according to these instructions, and less those amounts chargeable to seller according to these instructions, and the documents, if any, deliverable to seller according to the instructions below; and for 4. BUYER: The documents and /or monies credited to buyer according to the instructions below; and provided instruments have been filed for record entitling you to procure an Oumerl0 policy of title insurance with a liability in the amount of the total consideration shown above on real. property in the County of 02AHrm State of California, described as: SEE ATTACHED LEGAL DESCRIPTION AS EXHIBIT "B ". and showing Far? title vested in the following VESTEE: THE CITY ,OF NEWPORT BEACH, A MUNICIPAL CORPORATION. SUBJECT ONLY TO:. All general and special taxes for the fiscal year 19_I0 -19 71_, a lien not yet payable. Covenants,' conditions, reservations, restrictions, rights,' rights of way and easements now of record, if any. ADDITIONAL RESERVATIONS, COVENANTS AND CONDITIONS AS SHOWN ON THE CORPORATION GRANT DEED ATTACHED AS EXHIBIT "A ". $ 161 - 1 5 in Documentary tax is the proper amount to be affixed to seller's deed and charged to seller's account. MAIL DEED to: CITY OF NEWPORT BEACH 3300 Newport Blvd. Newport Beach, California MAIL TAX STATEMENT to: same as above CONSIDERATION MEMO Paid outside of escrow $ Cash through escrow $ 146.400.00 Encumbrance of Record $ —0— New Encumbrance $ —0— TOTAL CONSIDERATION -$ 146.400.00 Each party signing these instructions has read the additional escrow conditions and instructions on the reverse side hereof and approves, accepts and agrees to be bound thereby as though the reverse side hereof appeared over their signatures. The undersigned seller and buyer acknowledge receipt of a copy of these instructions. SELLER'S SIGNATURE, Address & Telephone BUYER'S SIGNATURE, Address & Telephone By. By. 550 Newport Center Drive, Newport.Beach 3300 Newport Blvd. Newport Beach, Calif.. California 92660 92660 oe..,fmtae ►.e. t.ei' 3 �tm. rtt. S,.., s+.:...:.:. A�i�1 .�t�.➢`+Fi1tr�'iy.C14- r-?.t... 1. tf+.: -h:.,.+...Ad¢..1P:r.Y. °W:r<.: ...W.!Si�v6. 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'ueol 41!m uo!138uuoo ul sesuedxa pue sa6Je4o lie pue gal moi3sa s,JaAnq 'moi3sa si41 alaldwoo of lied si4 uo AJesseoeu sluawn3op Jaglo Aue pue sluawnoop aausAanuo3 uo sea; 6u!pioDej 'wiq All paln3exa sluaw - nilsw ;o uogeJedoid Jo; aa; Aed II!M'waiay pap!Aoid asimia4lo ssalun'83.kna '88; MOJ3s9 s,Jallas pue 'mOJOss s!41 alaldwoo of lied s!4 uo AJessaoau sluawnoop Aue uo saa; 6u!pio3aJ 'wi4 All palnoaxe sluawnilsui ;o uopeJedaid Jo; ea;'arul 4o alig Aed II!m H31139 'u!aJagl pap!Aoid as!AAJ0410 ssaiun •saa; moiosa JnoA 6u!pniow 'wa41 Jo; noA All paJJnoui sa6Jego lie 'MOJ3sa s!41 ;o uo!lewwnsuo3 ayi ;o ssalpie6eJ'puewap uodn Aed il!m JaAnq pue Dallas agl 41oa :SNOW)naISNI aNV SNOwaNO3 AAOb:)S3 1VNOIlIaaV E59iZO* INSTRUCTIONS SUPPLEMENTAL PAGE THE IRVINE COMPANY TO CITY OF NEWPORT BEACH, CALIFORNIA 500 Newport Center Dr., Suite 455, Newport Beach, Calif. 92660 (714) 644 -5111 Escrow Number 001 TR Date May 26, 1970 SANTIAGO ESCROW COMPANY The sale of this property is contingent upon the following: (a) The buyer's herein approving the preliminary title report, in writing. Santiago Escrow Company will mail preliminary title report to the City, of Newport Beach and failure to approve or disapprove said report within seven (7) days.from the date of receipt, in writing, shall be presumed approval thereof. Taxes are to be adjusted and pro -rated to the close of escrow. Tax prorations will be based on the taxes for the fiscal year 1969 -70. It is understood that SANTIAGO ESCROW COMPANY is a subsidiary of The IRVINE COMPANY. BUYERS herein agree to place into this escrow a resolution of acceptance of the document of conveyance, in recordable form, that will meet County Recorder's requirements for consent of the Grantee, and authorizes you to record same through your escrow. The foregoing terms, conditions, provisions and instructions have been read and are understood and agreed to by each of the undersigned. THE UNDERSIGNED SELLERS AND BUYERS ACKNOWLEDGE RECEIPT OF A COPY OF THESE INSTRUCTIONS. SELLER'S SIGNATURE BUYER'S SIGNATURE THE IRVINE COMPANY CITY OF NEWPORT BEACH I BY: 3 NO. `._ N�mI S'NN I Addnu c;t y ¢- L S Nome I Addon, rmr Cry 6 Srota I AND wM -M PISCOMOED MAIL To MAR TAX STATEMENTS TO 911 /�//� J 7 L A � �w SPACE ABOVE THIS LINE FOR RECORDER'S USE �'y�7D D.T.T. $ Corporation Grani deed TO 406 CA (7-68) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY -•1 FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, THE IRVINE COMPANY a corporation organized under the laws of the state of West Virginia hereby GRANTS to CITY OF NEWPORT BEACH, a Municipal corporation, the following described real property in the City of Newport Beach County of State of California: fSee Exhibit "A" attached] i ( ( i In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instru. ment to be executed by its president and Secretary thereunto duly authorized. Dated: STATE. OF CALIFORNIA } SS. COUNTY OF On before me, the under- signed, a Notary Public in and for said State. personally appeared known to me to be the President, and known to me to be Secretary of the Corporation that executed the within Instrument, known to me to be the persons who executed the within Instnnnent on behalf of the Corporation therein named, and acknowledged to me that such Corporation executed the within Instru ment pursuant to its by -laws or a resolution of its board of directors. WITNESS my hand and official seal. Signature Name (Typed or Printed) President By Secretary (Thin am for otavlal naterlal moll m:•I^ n• "� .. Fs,row or Loan Nn._...__._.... EXHIBIT "C" r 7' 81 9 10 11 12 13 14 15 16 17 18 19 20 0 1 0 NEWPORT CENTER FIRE STATION That portion of Block 55 of Irvine's Subdivision, in the City of Newport Beach, County of Orange, State of California, as per map filed in Book 1, page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, described as (follows: 21" 2 �H: �i 20 24 25 26 Commencing at the Northeasterly terminus of that certain center line course of Jamboree Road described as "North 42° 35' 31" East, 860.76 feet" in Parcel A in a deed to the City of Newport Beach recorded June 17, 1966 in Book 7964, page 631 of Official Records of said County; thence South 43° 30' 31" West 535.20 feet along said centerline; thence leaving said center line South 46° 29' 29" East 194.10 feet to the beginning of a curve concave Southwesterly having a radius of 580.00 feet; thence Southeasterly 131.60 feet along said curve through an angle at 13° 00' 00" to the True Point of Beginning; thence continuing Southeasterly 188.69 feet along said curve through an angle of 180 38' 23 "; thence non - tangent North 75° 08' 54" East 83.23 feet to the beginning of a curve concave North- westerly having a radius of 500.00 feet; thence North- easterly 247.13 feet along said curve through an angle of 28° 19' 08 "; thence North 430 10' 14" West 15.00 feet along a radial to said curve to a point.:on a non - tangent curve concave Northwesterly having a radius of 485.00- feet and concentrie mith last mentioned curve; thence non - tangent North 46° 29' 29" West - 264.59 feet; thence South 43° 30' 31" West 184.51 feet to a point on a non - tangent curve concave Southwesterly having a radius of 630.50 feet and being.concentric with the above _. described curve having a radius of 580.00 feet; a radial to said goint bears North 56° 30' 31" East;-thence South 56 30' 31" West 50.50 feet along said radial to the True Point of Beginning. 1. Reserving to Grantor, its successors and assigns: - (a) All oil, gas, petroleum and other hydrocarbon 279substances in and under the option property, together with all 28 :!necessary and convenient rights to explore for, develop, 29 30 31 32 produce- land extract and take the same, subject to the express limitation the i iany and all operations for the exploration, development, production, extraction and taking of any of said substances shall be carried !on at levels below the depth of five hundred (500) feet from the Exhibit A - Page 1 91 10 11 121 1311 14 15 16 17 18 19! 201 21', 22 23 24 25 26 27 28 29 30 0 • surface of said land by means of wells, derrick and /or other equipment from surface locations on adjoining or neighboring land, and subject further to the express limitation that the foregoing reservation shall in no way be interpreted to include any right .of entry in.and upon the surface of the land hereinabove described.. It is understood by the parties that the above stated reservation is expressly subject to all restrictions and regulations concern- ing the drilling for and production of oil, gas, petroleum and other hydrocarbon substances, which are contained in the City Charter or the municipal ordinances of the City of Newport Beach. (b) An easement for private road purposes over the southeasterly 15.00 feet of Subject Property and granting to Grantee, its successors and assigns the non - exclusive right to use such easement for the purpose of ingress and egress to and from Subject Property, 2. SUBJECT TO covenants, conditions and restrictions, as follows: 1970; (a) Real Property taxes for the fiscal year 1969- (b) Covenants, conditions, restrictions and public utility easements of record as of the date of said deed; (c) The southwesterly 50.50 feet of Subject Pro- perty shall be used only for public street and highway purposes. (d) If at any time within twenty -five (25) years from the date of the deed, Grantee shall propose to voluntarily sell or lease all or any portion of the Subject Property, Grantor shall have the option to purchase the property to be sold or leased, prorated on an acreage basis in the event of a sale or lease of only a portion of the Subject Property. Grantee shall give Grantor written notice of ,its intent to sell or lease, specifically 311describing the parcel or parcels to be sold or leased, and Grantor %32 shall have thirty (30) days in which to notify Grantee in writing Exhibit A - Page 2 d I 2 3 41 1 91 10 11 121 1311 14 15 16 17 18 19! 201 21', 22 23 24 25 26 27 28 29 30 0 • surface of said land by means of wells, derrick and /or other equipment from surface locations on adjoining or neighboring land, and subject further to the express limitation that the foregoing reservation shall in no way be interpreted to include any right .of entry in.and upon the surface of the land hereinabove described.. It is understood by the parties that the above stated reservation is expressly subject to all restrictions and regulations concern- ing the drilling for and production of oil, gas, petroleum and other hydrocarbon substances, which are contained in the City Charter or the municipal ordinances of the City of Newport Beach. (b) An easement for private road purposes over the southeasterly 15.00 feet of Subject Property and granting to Grantee, its successors and assigns the non - exclusive right to use such easement for the purpose of ingress and egress to and from Subject Property, 2. SUBJECT TO covenants, conditions and restrictions, as follows: 1970; (a) Real Property taxes for the fiscal year 1969- (b) Covenants, conditions, restrictions and public utility easements of record as of the date of said deed; (c) The southwesterly 50.50 feet of Subject Pro- perty shall be used only for public street and highway purposes. (d) If at any time within twenty -five (25) years from the date of the deed, Grantee shall propose to voluntarily sell or lease all or any portion of the Subject Property, Grantor shall have the option to purchase the property to be sold or leased, prorated on an acreage basis in the event of a sale or lease of only a portion of the Subject Property. Grantee shall give Grantor written notice of ,its intent to sell or lease, specifically 311describing the parcel or parcels to be sold or leased, and Grantor %32 shall have thirty (30) days in which to notify Grantee in writing Exhibit A - Page 2 d III � • 1 if it wishes to exercise its option. All notices provided for 2 herein shall be deemed to have been duly given if and when deposited 3� in the United States mail., properly stamped and addressed to the ! 4' party for whom intended at the party's above listed address, or .5 ',when delivered personally to such party. The price at which the l I 6llproperty or any portion thereof may be repurchased by Grantor 7;pursuant to said option shall be the fair market value at the time 8 of the proposed sale, to be determined as follows: In the event . 9l that the parties are unable to agree on the fair market value of 10 the property to be repurchased by Grantor, within thirty (30) days 11 following notice of Grantor's intention to exercise its option to 12i� repurchase, each party shall appoint an appraiser and shall give 13 the other party written notice of such appointment. If.the 14�I Irespective appraisers are unable to agree on the purchase price of 151the property, the two appraisers shall appoint a third appraiser 16dIwhose decision as to the fair market value of the property shall 171Ibe final and binding on both parties. If the two appraisers are 18llunable to agree on the appointment of a third appraiser within 1911ten (10) days after the appointment of the second appraiser, either 20!lparty may request the Presiding Judge of the Orange County Superior i 211!!Court to appoint a third appraiser. Each party shall pay the fees iof the appraiser appointed by it or on its behalf, and the fees of r 23ithe third appraiser shall be divided equally between the parties. 24 (e). Grantor, its successors and assigns, for a period 25(lof twenty -five (25) years from the date of the deed shall have the ,i . 26ljright to approve the exterior design of all improvements to be 27jjconstructed upon the premises. Grantee shall supply to Grantor 281for its approval two complete sets of construction plans and 29�ispecifications for the exterior of said improvements and adjoining 30Ilareas to be landscaped, prepared by a licensed architect or J1ilicensed engineer, including but not limited to grading and 32 drainage plans and soils report, a plot plan showing the proposed ;I Exhibit A - Page 3 4 21 1 31 4 51 6i 7'' 8i i 9' 10 11 12, 13 14 15' 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 S2 location of said improvements, all utilities and service connec- tions and all places of ingress and egress to public streets and roads and plans for outdoor signs and lighting. Grantor shall approve said plans within thirty (30) days from the receipt thereof by returning one set of plans to Grantee with its approval indicated thereon, or shall notify Grantor within thirty (30) days from receipi of said plans of the reasons for its disapproval. However, Grantor shall not unreasonably withhold its consent. Upon completion of said improvements and within one hundred eighty (180) days from the final inspection by the local municipality, all landscaping proposed with the approved construction plans must be completed. During said twenty -five (25) year period no structure or other improvement, the plans, specifications and proposed locatic of which have not first received the written approval of Grantor or which does not comply with such plans, specifications and locations, shall be constructed and maintained on the land. No material addition to or alteration of any building or structure erected on th premises shall be commenced unless and until plans and specification covering the exterior of the proposed addition or alteration shall have been first submitted to and approved by Grantor in the manner above provided. The approval of Grantor of any plans and specifica- tions refers only to the conformity of such plans and specifications to the general architectural plan for the premises and the neighbor - jing lands; such approval of plans and specifications assumes no liability or responsibility therefor or for any defect in any struc- Iture constructed. from such plans and specifications. (f) Grantee agrees that it will reserve certain areas Ion the Subject Property to be devoted to such uses and in such manner as hereinafter in this paragraph set forth and on which no structures will be built, and further that such reservation shall be binding upon Grantee's successors in interest. Said areas and uses !shall be as follows: Exhibit A - Page 4 • ti 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 13 19 20 21 22 23 24 26 26 27 28 29 30 31 321 (1) For the full length of the northeasterly side of Subject Property an area of fifteen feet (15') in width shall be devoted to landscaping and sidewalks; (2) For the full length of the southeasterly side of Subject Property beginning at the edge of the easement for private roadway purposes reserved in 1(b) above and extending inward toward the center of Subject Property an area of eighteen feet (18') in width shall be devoted to landscaping and sidewalks; and (3) For the full length of the southwesterly side of Subject Property adjacent to Santa Barbara Drive an area of twenty feet (20') in width shall be devoted to landscaping only. It is mutually agreed that access to the site may be taken across the above reserved areas. Exhibit A - Page 5 xEC /sm Revised 9/2/69 • EMBIT "B" NEWPORT CENTER FIRE STATION r That portion of Block 55 of Irvine ts Subdivision, in the City of Newport.Beach, County of Orange, State of California, as per map filed in Book 1, page 88 of Miscellaneous Record Maps in the office of the .County Recorder of said County, de- scribed as follows: Commencing at the Northeasterly terminus of that certain center line course of Jamboree Road described as "North 420 35t 31" East, 860.76 feet" in Parcel A in a deed to the City of Newport Beach recorded June 17, 1966 in Book 7964, page 631 of Official Records of said County; thence South 430 301 31" West 535.20 feet along said center line; thence leaving said center line South 460 291 29" East 194.10 feet to the beginning of a curve concave Southwesterly having a radius of 580.00 feet; thence Southeasterly 131.60 feet along said curve through an angle at 13° 00' 00" to the True Point of Beginning; thence continuing Southeasterly 188.69 feet along said curve through an angle of 180 381 23 "; thence non - tangent North 750 08' 54" East 83.23 feet to the beginning of a curve concave North- westerly having a radius of 500-00 feet; thence North- easterly 247.13 along said curve through an angle of 280 19' 08 ".' thence North 43° 1.0' 14" West 15.00 feet along a radial to said curve to a point on a non - tangent curve concave Northwesterly having a radius of 485.00 feet and concentric with last mentioned curve; thence non- tangent North 460 29t 29" West 264.59 feet; thence South 430 30T 31" West 184.51 feet to a point on a non - tangent curve concave Southwesterly having a radius of 630.50 feet and being concentric with the above described curve having a radius of 580.00 feet; a radial to said point bears North 560 30T 31" East; thence South 560 30' 31" West 50.50 feet along said radial to the True Point of Beginning. RESERVING UNTO GRANTOR, its successors and assigns an easement for road purposes over the Southwesterly 50.50 feet and the Southeasterly 15.00 feet.