Laserfiche WebLink
Commonwealth Land Title Company <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED MAIL TO: <br />City of Newport Beach <br />100 Civic Center Drive <br />Newport Beach, California 92660 <br />Attn: City Clerk <br />Re: Contract C-6377 <br />Recorded in Official Records, Orange County <br />Hugh Nguyen, Clerk -Recorder <br />11 111111111111 11 11111 1 1111 II I 11NO FEE <br />*$ R 0 0 1 1 0 3 8 4 0 0$* <br />2019000293008 8:00 am 08109119 <br />65 402 Al2 11 <br />0.00 0.00 0.00 0.00 30.00 0.00 0.000.000.00 0.00 <br />Assessor's Parcel Number: 045-114-15 (Space Above This Line for Recorder's Office Use Only) <br />(Exempt from Recording Fee per Gov. Code § 27383) <br />AMENDMENT NO. TWO TO REGULATORY AGREEMENT AND <br />DECLARATION OF COVENANTS AND RESTRICTIONS <br />This AMENDMENT NO. TWO TO REGULATORY AGREEMENT AND <br />DECLARATION OF COVENANTS AND RESTRICTIONS ("Amendment") is made and <br />entered into this l5k day of August, 2019 ("Effective Date"), by and between the CITY OF <br />NEWPORT BEACH, a California municipal corporation and charter city ("City") and NEWPORT <br />VETERANS APARTMENTS, LP, a California limited partnership ("Developer"). <br />RECITALS: <br />A. Developer is the owner of fee title to that certain real property more particularly <br />described in Exhibit "A", attached hereto and incorporated by reference herein. (the "Site"). <br />B. City and Newport Veterans Housing, LP, a California limited partnership ("Initial <br />Developer") entered into that certain Regulatory Agreement and Declaration of Covenants and <br />Restrictions dated as of December 18, 2015, and recorded in the official records of the County of <br />Orange on December 22, 2015, as Document Number 2015000645086 (the "Initial Regulatory. <br />Agreement"). <br />C. Initial Developer assigned all of its right, title and interest in, and' duties and <br />obligations under, the Initial Regulatory Agreement to Developer, Developer accepted such <br />assignment and assumed all of Initial Developer's right, title and interest in, and duties and <br />obligations under, the Initial Regulatory Agreement and City consented to such assignment and <br />assumption pursuant to that certain Affordable Housing Agreement and Joint Escrow Instructions <br />Assignment and Assumption Agreement dated as of June 28, 2017, and recorded in the official <br />records of Orange County on June 30, 2017, as Document'Number 2017000273545. <br />D. The Initial Regulatory Agreement was subsequently amended by that certain <br />Amendment to Loan Docs by and between City and Developer dated as of May 10, 2018, and <br />recorded in the official records of Orange County on May 15, 2018, as Document Number <br />2018000177099 (collectively with the Initial Regulatory Agreement the "Regulatory <br />Agreement"). <br />Exempt from fee per GC 27388.1(a) (1); <br />fee cap of $225,00 reached, <br />-1- <br />