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HomeMy WebLinkAboutC-7260-18 - Beacon Bay, 14 - Consent to Assignement and Amendment to MOL 2022Batch 13404922 Confirmation Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive Newport Beach, Califomia 92660 Attn: City Clerk Page 1 of 4 Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder 11111111111111111111111111111111111111111111I I 1111111111111111 NO FEE *$ R 0 0 1 3 5 8 0 6 2 8$* 202200008867111:02 am 03107122 227 RW9A C34 A17 7 0.00 0.00 0.00 0.00 18.00 0.00 0.000.000.00 0.00 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) Exempt from Recording Fees per Cal. Gov. Cade §§ 6103 and 27383 APN: 050 22212 CONSENT TO ASSIGNMENT AND AMENDMENT TO MEMORANDUM OF LEASE THIS CONSENT TO ASSIGNMENT AND AMENDMwENT TO MEMORANDUM OF LEASE ("Consent") is made and entered into as of the 411" day of March 2022, by and among James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015 ("Assignor"), James A. Helfrich and Cynthia F. Helfrich, as joint tenants ("Assignee"), and the CITY OF NEWPORT BEACH, a California municipal corporation and charter city ("City") on the following terms and conditions: RECITALS A. The City entered into that certain lease dated July 13, 2012, with James A. Helfrich and Cynthia F. Helfrich, as joint tenants ("Lessee"), concerning certain real property described as: Lot 14 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 Califomia, sometimes referred to as Beacon Bay Lot 14 ("Property") as evidenced by a Memorandum of Lease recorded on July 13, 2012, as Instrument No. 2012000399066 ("Memorandum of Lease") in the Official Records of Orange County ("Official Records"). B. On October 24, 2017, the Lease was assigned from Lessee to Assignor, as evidenced by that certain Consent to Assignment and Amendment to Memorandum of Lease recorded on November 9, 2017, as Instrument No. 2017000475790 in the Official Records. D. On March 1, 2021, Assignor and Assignee executed an Assignment and Assumption of Lease pursuant to which Assignor assigned to Assignee (and Assignee assumed from Assignor) all of Assignor's right, title, interest, and obligations under the Lease ("Lease Assignment"). CONSENT AND AGREEMENTS NOW, THEREFORE, the parties hereby agree as follows: 1. The City does hereby consent to the assignment of James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015, to James A. Helfrich and Cynthia F. Helfrich, as joint tenants, pursuant to the Lease https://gs.secure-recording.com/Batch/Confirmation/13404922 03/07/2022 Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive Newport Beach, California 92660 Attn: City Clerk Exempt from Recording Fees per Cal. Gov. Code §§ 6103 and 27383 APN: 050 222 12 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) CONSENT TO ASSIGNMENT AND AMENDMENT TO MEMORANDUM OF LEASE THIS CONSENT TO ASSIGNMENT AND AMENDMEPJ T TO MEMORANDUM OF LEASE ("Consent") is made and entered into as of the 4V day of March 2022, by and among James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015 ("Assignor"), James A. Helfrich and Cynthia F. Helfrich, as joint tenants ("Assignee"), and the CITY OF NEWPORT BEACH, a California municipal corporation and charter city ("City") on the following terms and conditions: RECITALS A. The City entered into that certain lease dated July 13, 2012, with James A. Helfrich and Cynthia F. Helfrich, as joint tenants ("Lessee"), concerning certain real property described as: Lot 14 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, sometimes referred to as Beacon Bay Lot 14 ("Property") as evidenced by a Memorandum of Lease recorded on July 13, 2012, as Instrument No. 2012000399066 ("Memorandum of Lease") in the Official Records of Orange County ("Official Records"). B. On October 24, 2017, the Lease was assigned from Lessee to Assignor, as evidenced by that certain Consent to Assignment and Amendment to Memorandum of Lease recorded on November 9, 2017, as Instrument No. 2017000475790 in the Official Records. D. On March 1, 2021, Assignor and Assignee executed an Assignment and Assumption of Lease pursuant to which Assignor assigned to Assignee (and Assignee assumed from Assignor) all of Assignor's right, title, interest, and obligations under the Lease ("Lease Assignment"). CONSENT AND AGREEMENTS NOW, THEREFORE, the parties hereby agree as follows: 1. The City does hereby consent to the assignment of James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015, to James A. Helfrich and Cynthia F. Helfrich, as joint tenants, pursuant to the Lease Assignment. Any further distribution of the Property under the Lease Assignment, whereby James A. Helfrich and Cynthia F. Helfrich are not the sole beneficiaries, shall not be considered an exempt transfer, as defined in the Lease. 2. All covenants, conditions, and restrictions of the Lease as set forth herein shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, successors, and beneficiaries. 3. The Lease Assignment shall be subject to each and all of the covenants, conditions, and restrictions set forth in the Lease and shall be subject to all rights and interest of the City thereunder, except as otherwise provided herein. 4. Upon the death of the last to die of the Trustees, the successor Trustee shall comply with all provisions of the Lease, including those conditions precedent and rent requirements of Section 3 of said Lease. Trustees agree to provide a copy of the complete Lease Assignment containing these provisions to City. 5. All notices and other communications required or permitted under this Consent to Assignment shall be in writing, served personally on, or mailed by certified or registered United States mail to the party to be charged with receipt thereof. Notices and other communications served by mail shall be deposited in a United States post office, as certified or registered mail with postage prepaid and duly addressed to the party to whom such notice or communication is to be given as follows: Notice to Assignee: James A. Helfrich and Cynthia F. Helfrich Attention: James A. Helfrich and Cynthia F. Helfrich 14 Beacon Bay Newport Beach, CA 92660 Notice to City: Attention: City Manager City of Newport Beach 100 Civic Center Drive Newport Beach, CA 92660 Any such party may change said party's address for purposes of this Section by giving to the party intended to be bound thereby, in the manner provided herein, written notice of such change. 6. The Memorandum of Lease is amended such that the "Lessee" identified therein shall mean and refer to Assignee. 7. This Consent shall become effective upon recording. [SIGNATURES ON FOLLOWING PAGE] Consent to Assignment and Memorandum of Lease Page 2 EXECUTED on the dates indicated below, at Newport Beach, Orange County, California. APPROVED AS TO FORM: CITY ATTO NEY'S OFFICE Date: Aaron Harp City tt ney ATTEST: Date: Inn 3 �. �y ��r Wa'n!Bri�.City Clerk f c ��.; 10 x CITY OF NEWPORT BEACH, a California municipal corporation Date: 4_� GrKX. Leung C' anager ASSIGNOR: James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015 Date.- Signed ate: Signed in Counterpart James A. Helfrich Trustee Date: Signed in Counterpart Cynthia F. Helfrich Trustee ASSIGNEE: James A. Helfrich and Cynthia F. Helfrich, as joint tenants Date: Signed in Counterpart James A. Helfrich Joint Tenant Date: Signed in Counterpart Cynthia F. Helfrich Joint Tenant Consent to Assignment and Memorandum of Lease Page 3 EXECUTED on the dates indicated below, at Newport Beach, Orange County, California. APPROVED AS TO FORM: CITY ATT O NEY'S OFFICE Date: Aaron arp City �tt �-ney ATTEST: Date: Leilani I. Brown City Clerk CITY OF NEWPORT BEACH, a California municipal corporation Date: Grace K. Leung City Manager ASSIGNOR: James A. Helfrich and Cynthia F. Helfrich, as Trustees of the Helfrich 2015 Revocable Trust dated May 19, 2015 Date: to f L Cynth Helfrich Trustee ASSIGNEE: James A. Helfrich and Cynthia F. Helfrich, as joint tenants AIV 117 Cynt is F. Helfrich Joint Tenant Consent to Assignment and Memorandum of Lease Page 3 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 04-14- County 4-14-County of AlAA-AryeCC-41,5-5 ) On Ct? Imo, ,7- O'd t , before me, A (L414Vy ��1-0/** lotary Public personally appeared f f` EtFR tL # &,, .( .-Ii4^ Cr /4: {{ALF 1t/ef 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. MICHAEL J. WILSON VJITNES trey hand and official seal. Notary Public 9 l 117Commonwealth of Massachusetts Eby Commission Expires September 29, 2028 sign (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 /04 County of d/.A-.N"fc/C( On OCA' /1. o U.A-/ before me, MI4644'9�L /,A/11SV-'Notary Public personally appeared J4owy f'A A. t-&-t.FXf64 ,tLe( Cy4/7ff0,- F f /6aLFXfc/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. MICHAEL J. WILSON Notary Public Commonwealth of m assachweth 0 � Z.,My Commission Expires Se tember 29, 2028 Sig (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 ) County of OTZW l ->E ) On MAA CEA q , 2 OZZ , before m jENN IKV, a-00 KkAtotary Public personally appeared 6PALE k • LEVKV 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. JENNIFER ANN MWEY Notary Public Ca ifornia WITNESS my hand and official seal. _ Orange County w i Commission t 2375299 ►My Comm. Expires Oct 12. 2025 r Signature (Seal)