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Home My WebLink AboutC-8835-1 - Termination of Offsite Parking Agreement and Removal from Record TitleBatch 13199471 Confirmation n,EC0R 3i1WG REOUESTED SN" fi, ? a =ORm?p, TfiLE GM.4PA11Y RECORDING REQUESTED BY, AND WHEN RECORDED, RETURN TO: 502 Balboa West Partners, LLC 601 4th Street #129 San Francisco, CA 94107 WITH A COPY TO: City of Newport Beach Attn: City Clerk's Office 100 Civic Center Drive Newport Beach, CA 92660 APN: 048-071-17 and APN: 048-071-18 Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder 1I I I IIIII 11111111111111111111I I 111111111111111111111111111111 10.00 *$ R 0 0 1 3 5 2 4 0 7 0$* 2022000053983 9:35 am 02109122 227 RW9A T02 3 0.00 0.00 0.00 0.00 0.00 0.00 0.000.000.00 0.00 (Above Space for Recorder's Use Only) TERMINATION OF OFFSITE PARKING AGREEMENT AND REMOVAL FROM RECORD TITLE This Termination of Offsite Parking Agreement and Removal from Record Title (this "Termination") is made as of February 1, 2022, by and among 502 Balboa West Partners, LLC, a California limited liability company ("Owner"), and the City of Newport Beach, a California municipal corporation and charter city ("City"). This Termination is made with respect to the following facts and objectives: A. Owner owns those certain parcels of real property located in the County of Orange and commonly known as 502-504 West Balboa Boulevard, Newport Beach, California 92661 and designated APNs: 048-071-17 and 048-071-18 (collectively, the "Property"). The Property is more particularly described in Exhibit A attached hereto and incorporated herein. B. On or about June 15, 1978, Owner's predecessor in interest and the City entered into that certain Off -Site Parking Agreement (the "Parking Agreement") whereby Owner was required to maintain a certain number of off-site parking spaces on the Property for so long as the Property was used for a laundry facility and office structure. C. The Parking Agreement was recorded in the Official Records of Orange County on May 1, 1980, in Book 13595, Page 693, encumbering the Property. D. The Property is no longer used for a laundry facility and office structure. Accordingly, Owner and City desire to terminate the Parking Agreement and remove the same from record title. Page 1 of 2 https://gs.secure-recording.com/Batch/Confirmation/13199471 02/09/2022 RECORDING REQUESTED BY, AND WHEN RECORDED, RETURN TO: 502 Balboa West Partners, LLC 601 4th Street #129 San Francisco, CA 94107 WITH A COPY TO: City of Newport Beach Attn: City Clerk's Office 100 Civic Center Drive Newport Beach, CA 92660 APN: 048-071-17 and APN: 048-071-18 (Above Space for Recorder's Use Only) TERMINATION OF OFFSITE PARKING AGREEMENT AND REMOVAL FROM RECORD TITLE This Termination of Offsite Parking Agreement and Removal from Record Title (this "Termination") is made as of February 1, 2022, by and among 502 Balboa West Partners, LLC, a California limited liability company ("Owner"), and the City of Newport Beach, a California municipal corporation and charter city ("City"). This Termination is made with respect to the following facts and objectives: A. Owner owns those certain parcels of real property located in the County of Orange and commonly known as 502-504 West Balboa Boulevard, Newport Beach, California 92661 and designated APNs: 048-071-17 and 048-071-18 (collectively, the "Property"). The Property is more particularly described in Exhibit A attached hereto and incorporated herein. B. On or about June 15, 1978, Owner's predecessor in interest and the City entered into that certain Off -Site Parking Agreement (the "Parking Agreement") whereby Owner was required to maintain a certain number of off-site parking spaces on the Property for so long as the Property was used for a laundry facility and office structure. C. The Parking Agreement was recorded in the Official Records of Orange County on May 1, 1980, in Book 13595, Page 693, encumbering the Property. D. The Property is no longer used for a laundry facility and office structure. Accordingly, Owner and City desire to terminate the Parking Agreement and remove the same from record title. NOW THEREFORE, the undersigned parties do hereby terminate the Parking Agreement encumbering the Property and agree that this Termination has been delivered and recorded for the specific purpose of removing the Parking Agreement from the Official Records of Orange County. Executed as of the date first set forth above. �I AN, Mt 502 Balboa West Partners, LLC, a California limi liabil' o ny— B -- Y: Bla'ous Managing Member HIS INSTRUMENT WAS ME DAY QI D BEFORE 20 ate' ' MY HAND PUBLIC CITY OF NEWPORT BEACH, a California municipal corporation Date: FEB 0 9 2022 By: GrPA. Leung Manager APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Date: By: C Aaron C. Harp City Attorney ATTEST: n Date: a -q •2%4j - N� �4, Leilani I. Brown City Clerk a...,� i ;\NDY MAI_INISKI iyPublic - State of Arizona a'AARICOPA COUNTY > Goinmis�ior. # 537785 m r -PirOS July 06, 2024 y CITY OF NEWPORT BEACH, a California municipal corporation Date: FEB 0 9 2022 By: GrPA. Leung Manager APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Date: By: C Aaron C. Harp City Attorney ATTEST: n Date: a -q •2%4j - N� �4, Leilani I. Brown City Clerk a...,� Exhibit A Legal Description of Property Real property in the City of Newport Beach, County of Orange, State of California, described as follows: LOTS 20 AND 21 IN BLOCK 3 OF EAST NEWPORT, IN THE NEWPORT BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 3, PAGE(S) 37 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY. APN: 048-071-17 (Affects Lot 20) and APN: 048-071-18 (Affects Lot 21)