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HomeMy WebLinkAboutC-7435-7 - Beacon Bay, 51 - MOL 2022RECORDING REQUESTED BY LAWYERS TITLE Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive Newport Beach, California 92660 Attn: City Clerk Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder III I I I I II II I'III I II II II I III I I I II I II 25.00 *$ R 0 0 1 3 6 9 7 8 5 0$ 2022000160259 2:34 pm 04/27122 227 RW9A M 11 707 1491.60 1491.60 0.00 0.00 18.00 0.00 0.000.000.00 0.00 (Exempt From Recording Fees Pursuant to Government Code § 27383) ZZ -7Q10 (SPACE ABOVE THIS LINE FOR RECORDER'S USE)'" Q� � �,, a1Sl`` C(< g -S s- . y MEMORANDUM OF LEASE �t�� 3 `�--© C�5 - ,2 -~� FullVa.iLte.. t� of V1 4 THIS MEMORANDUM OF LEASE is made and entered into between the City ofd' Newport Beach, a California municipal corporation and charter city ("Lessor") and Joy Ann McGuinness, Trustee of The McGuinness Family Trust Dated March 14, 1989 ("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 �, 2022 and ending April 2072. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated April 2� , 2022, 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 % 4 , 2072. [SIGNATURES ON NEXT PAGE] RECORDING REQUESTED BY LAWYERS TITLE 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 Pursuant to Government Code § 27383) (SPACE ABOVE THIS LINE FOR RECORDER'S USE) MEMORANDUM OF LEASE bD< C� THIS MEMORANDUM OF LEASE is made and entered into between the City ofd Newport Beach, a California municipal corporation and charter city ("Lessor") and Joy Ann McGuinness, Trustee of The McGuinness Family Trust Dated March 14, 1989 ("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 2022 and ending April 14VA , 2072. This Memorandum of Lease is subject to the terms, conditions and provisions of an unrecorded Lease between the parties dated April 7�" , 2022, 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 ?a * , 2072. [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 TW C TY ATTORNEY Date: By: Aar arp City Attorney ATTEST: Date: 4 X•X2— 41-44&w�_ Leilani 1. • City Clerk CITY OF NEWPORT BEACH, a California municipal corporation Date: �/ 1-S 1 )-o2 � By: . �; rlic-- Grac Leung City Manager LESSEE: Date: o2/, 7iZ-- By:96Qa , Joy Ann McGuinness, Trustee The McGuinness Family Trust Dated March 14, 1989 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT 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 )S.S. COUNTY Oli Q (C" } On q I ?f I I —6-0e_1 `>' before me, Q a Notary Public in and for said state, personally appeared 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 instiument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY of PERJU e laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and off cia > MICHELLE PAGE Notary Public - California Orange County n atwre Commission r 2303565 my Comm. Expires Sep 17, 2023 f OPTIONAL SECTION CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the document. [ ] INDIVIDUAL [ ] CORPORATE OFFICER(S) TITLES) [ ] PARTNER(S) — [ ] LIMITED [ ] GENERAL [ ] ATTORNEY-IN-FACT [ ] TRUSTEE(S) [ ] GUARDIAN/CONSERVATOR [ ] OTHER SIGNER IS REPRESENTING: Name of Person or Entity Name of Person or Entity OPTIONAL SECTION THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TITLE OR TYPE OF DOCUMENT; NUMBER OF PAGES DATE OF. DOCUMENT SIGNERS) OTHER THAN NAMED ABOVE CALIFORNIA-• • •. C��C� _aC_z��_.�.C�C� ,.sa ,.��C,.T _T C� _�.. r s> ,��� _v>�_s� _�Q�C� _� _c�. _sem ,s�•_s� _�C�C_.�C/�. _�C�C_zaC_sa �C�C .T _.�C�C.a ,+ 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 0RAT-A& ) On PPPRAt- 2S 12022 before me, JENN►F6R t Ncrt(-)R-1 ?us(-I.C- , Date Here Insert Name and Title of the Officer personally appeared G aALt K . L..EV h((, Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(a) whose name(s) is/a+:e subscribed to the within instrument and acknowledged to me that k►e/she/t#ey executed the same in biefher/their authorized capacity(ias), and that by his/her/their signature(s) on the instrument the persoa(s), or the entity upon behalf of which the persor4&) acted, executed the instrument. JENNIFER ANN MULVEY Notary Public • Catlfornia i_ Orange County Commission 0 23752" ' ` �•• My Comm. Expires Oct 12, 2025 Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my VaNd and official Signature OPTIONAL Public 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: 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: Number of Pages: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — El Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator Ll Other: Signer Is Representing: ✓Z�✓�4'✓4"✓ -✓4's.'✓Z'e>i,��,4'tr •.•� -✓ •� -�.-.r •� •rr4•tr •er •✓ •✓. y 'er4v4'� -,vZ-�r '� .y '••✓4�. �4C✓4-ei -� -✓Zv -er4•� 'ay •y '� '✓ -rii.`er, ' @2016 National Notary Association - www.NationalNotary.org - 1 -800-US NOTARY (1 -800-876-6827) Item#5907 I LawversTiflerTM PENALTY OF PERJURY AFFIDAVIT (GOVERNMENT CODE 27361.7) Lawyers Title Company 16755 Von Karman, Ste. 100 Irvine, California 92606 Phone: (949) 223-5575 I certify under the penalty of perjury that the notary seal on the document to which this statement is attached reads as follows: Name of the Notary: MICHELLE PAGE Date Commission expires: 9-17-2023 County Where Bond is Filed: ORANGE Commission No.: 2303565 Manufacturer/Vendor No.: NNAI Place of Execution: Irvine, Ca. Date: April 27, 2022 Signature: LAWYERS TITLE COMPANY I further certify under the penalty of perjury that the illegible portion of the document to which this statement is attached reads as follows (if applicable): Date: April 27, 2022 Signature: LAWYERS TITLE COMPANY Lawvers Title PENALTY OF PERJURY AFFIDAVIT (GOVERNMENT CODE 27361.7) Lawyers Title Company 16755 Von Karman, Ste. 100 Irvine, California 92606 Phone: (949) 223-5575 I certify under the penalty of perjury that the notary seal on the document to which this statement is attached reads as follows: Name of the Notary: JENNIFER ANN MULVEY Date Commission expires: 10-12-2025 County Where Bond is Filed Commission No.: 2375299 ORANGE ManufacturerNendor No. NNAI Place of Execution: Irvine, Ca. Date: April 27, 2022 Signature: LAWYERS E COMPANY I further certify under the penalty of perjury that the illegible portion of the document to which this statement is attached reads as follows (if applicable) Date: April 27, 2022 Signature: LAWYERS TITLE COMPANY 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 51 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. Escrow No.: 62506 -BF BOE -502-A (P1) REV. 13 (06-17) PRELIMINARY CHANGE OF OWNERSHIP REPORT CLAUDE PARRISH To be completed by the transferee (buyer) prior to a transfer of subject ORANGE COUNTY ASSESSOR property, in accordance with section 480.3 of the Revenue and Taxation (714) 834-5031 Code. A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located. FOR ASSESSOR'S USE ONLY ASSESSOR'S PARCEL NUMBER The McGuinness Family Trust Dated March 14, 1989 988-880-44 TheBriggs SELLER/TRANSFEROR /► The Briggs Family Trust, established June 30, RRLQ C) BUYER'S DAYTIME TELEPHONE NUMBER L BUYER'S EMAIL ADDRESS STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY 51)Beacon Bay, Newport Beach, CA 92660 YES ❑ NO This property is intended as my principal residence. If YES, please indicate the date of occupancy Mo DAY YEAR or intended occupancy. ❑ YES �(N0 Are you a disabled veteran or a unmarried surviving spouse of a disabled veteran who was compensated at 100% by the Department of Veterans Affairs? MAIL PROPERTY TAX INFORMATION TO (NAME) The McGuinness Family Trust Dated March 14, 1989 THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION 6aacorx ! A I �lJo, , 41yef /�- "l 2 -(Oce PART 1. TRANSFER INFOOMATION Please complete all statements. This section contains possible exclusions from reassessment for certain types of transfers. YES NO ❑ EPA. This transfer is solely between spouses (addition or removal of a spouse, death of a spouse, divorce settlement, etc.). ❑ 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) to grandchild(ren). ❑ " D. This transfer is the result of a cotenant's death. Date of death ❑ " E. This transaction is to replace a principal residence owned by a person 55 years of age or older. Within the same county? ❑ YES ❑ 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: ❑ 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. K. This is a transfer of property: ❑ 1 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. ❑ El 2. 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 of 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, or restrictions imposed by specified nonprofit corporations. ❑ " O. This transfer is to the first purchaser of a new building containing an active solar energy system. ❑ " P. Other. This transfer is to 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.: 62506 -BF BOE -502-A (P2) REV. 13 (06-1 7) PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: B. Type of transfer: Purchase ❑ 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/Leaseback ❑ Creation of a lease ❑ Assignment of a lease Original term in years(including written options): ❑ Other. Please explain: ❑ Termination of a lease. Date lease began: Remaining term in years (including written options): C. Only a partial interest in the property was transferred. ❑ Yes ❑ 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 z� 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 seller ❑ Balloon payment $ 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 ONO 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: Phone number: ( ) ❑ 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 (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. PART 4. PROPERTY INFORMATION A. Type of property transferred Single-family residence Multiple -family residence. Number of units: ❑ Other. Description: (i.e., timber, mineral, water rights, etc.) Check and complete as applicable. ❑ Co-op/Own-your-own ❑ Manufactured home ❑ Condominium ❑ Unimproved lot ❑ Timeshare ❑ Commercial/Industrial B. ❑YES ❑NO Personal/business property, or incentives, provided by seller to buyer are 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: $ C. ❑YES ONO A manufactured home is included in the purchase price. If YES, enter the value attributed to the manufactured home: $ ❑YES ONO The manufactured home is subject to local property tax. If NO, enter decal number: D. DYES ONO The property produces rental or other income. If YES, the income is from: ❑ Lease/rent ❑ Contract ❑ Mineral rights ❑ Other: E. The condition of the property at the time of sale was: ❑ Good Please describe: Incentives $ ❑ Average ❑ Fair ❑ Poor CERTIFICATION / certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief. SIGNA RE OF BUYER/T NSFEREE G RPOR OFFICER DATET a12� �� Z / ��� "E ' TiZ NA OF BUYE RANSFEREE/PERSONAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT) I TVTLE EMAIL ADDRESS The Assessor's office may contact you for additional information regarding the transaction.