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HomeMy WebLinkAboutPlaza Camino Real; 1981-01-20;ESTOPPEL LETTER Nov-cmk?e\'Z 4 , 2o1s To: Plaza Camino Real (together with its successors and assigns) c/o Westfield, LLC 2049 Century Park East, 41st Floor Los Angeles, CA 90067 Attention: Real Estate Counsel RPI Carlsbad, L.P., and ROUSE PROPERTIES L.P. (together with their successors and assigns) c/o Rouse Properties, Inc. 1114 A venue of the America, Suite 2800 New York, New York 10036-7703 Attention: Susan Elman Re: The shopping center located in Carlsbad, CA and commonly known as "Westfield Carlsbad" (the "Shopping Center") Gentlemen: The undersigned is a party to that certain PUBLIC PARKING LOT OPERATING AGREEMENT, dated January 20, 1981 by and among the City of Carlsbad ("City"), the Parking Authority of the City of Carlsbad ("Parking Authority") and Plaza Camino Real, a California limited partnership ("Operator"), as supplemented by an AGREEMENT REGARDING MANAGEMENT, OPERATION AND MAINTENANCE of Plaza Camino Real Shopping Center Parking Area in Oceanside, dated January 20, 1981, among City, Parking Authority and Operator, and by SUPPLEMENT TO THE PLAZA CAMINO REAL PUBLIC PARKING LOT AGREEMENT, dated January 20, 1981, among City, Parking Authority and Operator (collectively, the "Operating Agreement"). On September 10, 1996, the Carlsbad City Council adopted Resolution No. 96-294 dissolving the Parking Authority. The undersigned subsequently succeeded to all rights and obligations of the Parking Authority under the Operating Agreement. The undersigned hereby states, declares, represents and certifies to the addressee(s) of this Estoppel Letter, as of the date hereof, as follows: 1. The undersigned does hereby certify that it is a party to the Operating Agreement pertaining to the Shopping Center. ACTIVE 209918910 Parking Operating Agreement Estoppel 2. The Operating Agreement has not been supplemented, modified, assigned or amended, and is in full force and effect. 3. The term of the Operating Agreement commenced on January 20, 1981 and expires on December 28, 2030. 4. To the best of the undersigned's knowledge and belief, no default exists under the Operating Agreement which default has not been cured, and there are no circumstances that with the passage of time or giving of notice, or both, would constitute a default by any party thereto in the performance of any of the terms, conditions and/or covenants under the Operating Agreement. 5. The parking lots at the Shopping Center subject to the Operating Agreement are described in (1) that certain Lease Agreement between the City and the Parking Authority, dated August 21, 1969, (2) that certain Lease Agreement between the City and the Parking Authority, dated December 29, 1980, and (3) that certain Agreement Regarding Management, Operation and Maintenance of Plaza Camino Real Shopping Center Parking Area in Oceanside, dated January 20, 1981, by and among the City, the Parking Authority and Operator. This Estoppel Letter may be relied upon by Operator, any assignee of Operator's interest in the Operating Agreement, and Operator's and/or such assignee's lender. The parties hereto, including any reliance party, agree to accept a digital image of this Estoppel Letter, as transmitted via facsimile, email or other electronic means, as executed, as a true and correct original and admissible as best evidence for the execution and delivery of same by the undersigned. [signatures follow] ACTIVE 209918910 Parking Operating Agreement Estoppel IN WITNESS WHEREOF, the City has executed this Estoppel Letter as of the date first above written. CITY: CITY OF CARLSBAD By~:......--- Name: Kathryn B. Dodson Title: Interim City Manager Approved as to form: Celia A. Brewer, City Attorney ACTIVE 209918910 Parking Operating Agreement Estoppel :\ d‘ 8. ; :. ? * ‘* . .’ . 1 L+- . *’ r w ’ SUPPLEMENT TO THE PLAZA CAMINO REAL PUBLIC PARKING LOT OPERATING AGREEMENT THIS AGREEMENT is made as of January 20, 1981 by and between the CITY OF CARLSBAD, a municipal corporation of the State of California ("City") , the PARKING AUTHORITY OF THE CITY OF CARLSBAD, a body corporate and politic of the State of California ("Parking Authority") and PLAZA CAMINO REAL, a limited partner- ship, organized under the laws of the State of California ("Operator") with reference to the following facts and circum- stances: A. City, Parking Authority and Operator have entered into an agreement entitled "The Plaza Camino Real Public Parking Lot Operating Agreement" (the "Public Parking Operating Agreement"), whereby Operator has agreed to manage, operate and maintain a certain public parking lot leased by the Parking Authority to the City, as expanded pursuant to that certain agreement among City, Parking Authority and Operator entitled "Agreement for Expansion of Plaza Camino Real Shopping Center," dated November 5, 1975, as P amended (the "Expansion Agreement"). Said public parking lot serves the Plaza Camino Real Regional Shopping Center area, B. To provide additional parking to serve the Plaza Camino Real area, City has acquired from Operator that certain parcel of real property described on Exhibit A attached hereto, Operator wishes to also assume responsibility for the management, opera- tion and maintenance of said property in accordance with the provisions of the Public Parking Operating Agreement. .> r. ** ” * , ;r :; e v .r-. +-.’ r ’ c . 1 NOW, THEREFORE, the Parties agree as follows: Operator agrees to manage, operate and maintain said property in accordance with the Public Parking Operating Agreement for the term thereof, Insofar as said property is concerned, the -refer-' ences in Section 2 of the Public Parking Operating Agreement to the parking lot shall be deemed to include said property and the references in Section 5 of said Agreement to certain Grant Deeds shall be deemed to refer to the Grant Deed dated December 11 I 1980, recorded on I 19 as Document No. - - Official Records of San Diego County by means of which the Parking Authority acquired fee title to said property. IN WITNESS WHEREOF, City, Parking Authority and Operator have caused this agreement to be executed and attested by their property officers thereunto duly authorized, and their official seals to be affixed as of the date first above written... I L : ! ATTEST: CITY OF CARLSBAD p d ATTEST: ITY OF CARLSBAD I ! I ‘,Vb . . <a .* .- *s. * si ‘.& i i ,; -_. It-* .~_ B i d . . . . . . . . . . r A FARCEL OF &?D SITUATE IN THE CITY OF OkEANSIDE, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, BEING A% PORTION'OF SSCTION 31, TOVNSIIIP 11 SOUTH, RANGE 4 WEST, SAN BERNARDINO KERIDIAN, ACCORDING TO OFFICIAL PLAT THEREOF, GEIMG KORE PARTICULARLY DESCRIBED AS FOLLOWS: BEG~~~c; xi THE SOUTHEAST CORNER OF THE NORTH I"IALF OF THE NORTHEAST QUARTER OF SECTION 31, TOjWSHIP 11 S013T11, RANGE 4 WEST PER CARLSBAD TRACT NO. 76-1.8; TiIElJCE NORTH 69*30'00" EAST, 252.00 FEET, ALONG THE h70XTi'ilERLY LINE OF CARLSBAD TRACT NO. 76-18; THENCE LEAVING SAID KORTHERSY LINE I'?ORTH 71"38'56" WEST, 70-14 . FEET TO A LINE PARALLEL WITH AND DISTAET NORTHVZSTERLY 44.00 FEET MEASURED AT RIGHT ANGLES FROill THAT CERTAIN COUT:SE HEREINBEFORE DESCRIBED AS HAVING A EEARING AND A DISTAKE OF "NORTfl 69"30'00" EAST, 252.00 FEET"; 'THENCE S0L.L'I-I 69"30'00" WEST, 313.24 FEET TO A POINT - IN TiiE TGORTHERLY LINE OF SAID CARLSBAD TRACT NO. 76-18; r‘rIENCE SOUTH 89"42'19" EAST, 123.94 FEET ALONG SAID N0RTHEKLY LINE TO THE TRUE POINT OF BEGINNING- . 1. . . ,. _’ ~ %. i c . . - .m . . . -. It . ;. ._ : ‘. EXIII51T A . 9 . _._..._ __ . _. . . . . ,... .I-.. . - . . . .q.-- -+-,- I . . c t * ‘\ ..r- I .’ AGREEMENT REGARDING MANAGEMENT, OPERATION AND MAINTENANCE OF PLAZA CAMINO REAL SHOPPING CENTER PARKING AREA IN OCEANSIDE , THIS AGREEMENT is made as of January 20, 1981 by and between the CITY OF CARLSBAD, a municipal corporation of the State of California ("Cityl), the PARKING AUTHORITY OF THE.CITY OF CARLSBAD, a body corporate and politic of the State of. California ("Parking Authority") and PLAZA CAMINO REAL, a limited partnership, organized under the laws of the State of California ("Operator") with reference to the following facts and circum- stances: A. City, Parking Authority and Operator have entered into an agreement entitled "The Plaza Camino Real Public Parking Lot Operating Agreement" (the "Public Parking Operating Agreement"), whereby Operator has agreed to manage, operate and maintain a certain public parking lot leased by the Parking Authority to the City, as expanded pursuant to that certain agreement among City, Parking Authority and Operator entitled "Agreement for Expansion of Plaza Camino Real Shopping Center", dated November 5, 1975, as amended (the "Expansion Agreement"). Said public parking lot serves the Plaza Camino Real Regional Shopping Center area. B. To provide additional parking to serve the Plaza Camino Real area, City has leased from the City of Oceanside a public parking area in Oceanside pursuant to a lease with option to buy and acquired from property described on is herein referred to Operator that certain parcel of real Exhibit A attached hereto (all of which # as the "Oceanside Parking Area"). Said lease (the "Oceanside-Carlsbad Lease") is in the form attached as Exhibit G to the Fifth Supplement to the Expansion Agreement. Pursuant to the Fifth Supplement to the Expansion Agreement, Operator has agreed to assume Carlsbad's obligations under said Lease with the exception of the obligation to pay rent. Operator wishes to also assume responsibility for the management, operation and maintenance of said parking area in Oceanside in accordance with the provisions of the Public Parking Operating Agreement. NOW, THEREFORE, the Parties agree as follows: Operator agrees to manage, operate and maintain the Oceanside Parking Area for the full term of the Oceanside-Carlsbad Lease. with the exception of the obligation to pay rent, Operator shall assume City's obligations under the Oceanside-Carlsbad Lease for the Oceanside Parking Area. In the event that City buys the Oceanside Parking Area from the City of Oceanside in accordance with the option contained in the Oceanside-Carlsbad Lease, Operator agrees to continue to manage, operate and maintain the Oceanside Parking Area in accordance with the Public Parking Operating Agreement for the remainder of the term thereof. Insofar as the Oceanside Parking Area is concerned, the references in Section 2 of the Public Parking Operating Agreement to the parking lot 2. s c A e . *. shall be deemed '*- include the Oceanside Pai ng Area and the I I I -. .A-. . . references in Section 5 of said Agreement to Leases shall be deemed to refer to the Oceanside-Carlsbad Lease and the references to certain Grant Deeds shall be deemed to refer to the Grant Deed dated December 11 , 1980, recorded on ' I - 19 as Document No. Official Records of San - Diego County by means of which the City of Oceanside, as lessor of the Oceanside-Carlsbad Lease, acquired fee title to the Ocean- side Parking Area. IN WITNESS WHEREOF, City, Parking Authority and Operator have caused this agreement to be executed and attested by their property officers thereunto duly authorized, and their official seals to be hereto affixed as of the date first above written. 'ATTEST: CITY OF CARLSBAD ! . ., ATTEST: Y OF THE CITY OF CARLSBAD ia I 4 PLAZ By: f City Attorney 3. L A parcel of land situated in the City of Oceanside, County of San Diego, State of California, being a portion of the northeast quarter of Section 31, Township 11 south, Range 4 West described as follows: Beginning at the southeast corner of the north half of the northeast quarter of Section 31; thence along the south line of said north half, north 89O42'19" west, 325.70 feet to the true point of beginning; thence north 89"42'19" west,, 1150.70 west; thence leaving said south line, north 46"36'53" east, 143.87 feet; thence north;312.85 feet to the southerly line of State Highway 78; 'thence along said southerly line north 88°00'18" east, 543.32 feet; and north 89*41'28" east, 500.04 feet; thence south O"24'11" east, 439.22 feet to the true point of beginning. EXHIBIT "A" THE PLAZA CAi'4INO REAL PUBLIC PARKING LOT OPERATING AGREEMENT , THIS AGREEMENT is made this 20th day of January I 19 81, between the CITY OF CARLSBAD, - a municipal corporation, t of the State of California, hereinafter referred to as CITY; and THE PARKING AUTHORITY OF THE CITY OF CARLSRAD, a body corporate and politic of the State of California, hereinafter referred to as PARKING AUTHORITY, and PLAZA CAMIN REAL, a limited partnership organized under the laws of the State of California, hereinafter referred to as OPERATOR, / RECITALS --- WHEREAS, City is the lessee of certain real property in the City of Carlsbad (hereinafter referred to as the "site“), more particularly described in the Lease Agreement with the Parking h Authority, dated August 21, 1969, as amended, under the provisions of which a parking lot as constructed on the site has been leased to City: and WHEREAS, in order to carry out the intention of City that said lot be operated to ensure that the citizens of the City shall have the benefit of convenient off-street public parking on the site and to utilize the knowledge and experience of Operator in the management of similar parking lots, City, Parking Authority and Operator entered into a Public Parking Lot Operating Agreement dated November 24, 1969; and WHEREAS, pursuant to said agreement, Operator has managed said lot for City; and WHEREAS, City is also the lessee of certain real property immediately adjacent to the site (hereinafter referred to as the "expanded site“), more particularly described in the Lease Agree- ment with the Parking Authority, dated December 29 , 1980 -' under the provisions of which a parking lotas constructed on the expanded site has been leased to City. The aforementioned lease, dated August 21, 1969, and the lease dated December 29 , 1980 -' are, hereinafter referred to as the "Leases"; and WHEREAS, City desires to and experience to also manage site; and take advantage of Operator's skills the parking lot on the expanded WHEREAS, City and Parking Authority desire to treat the site and expanded site as one unitary site and parking lot and enstlre that the operation is in accord with that desire; and WHEREAS, all parties hereto wish to provide for the operation of both parking lots in one document superseding and replacing the 1969 Public Parking Lot Operating Agreement, as amended; 2. NOW, THEREFORE, in consideration of the covenants and conditions hereinafter contained, it is agreed as follows: Section 1 - 1969 Agreement Superseded That certain agreement entitled Public Parking Lot Operating Agreement, dated November 24, 1969, as amended, is hereby 1 terminated and superseded in its entirety by this agreement. Section 2 - The Parking Lot The parking lot to be operated pursuant to the terms hereof consists of the parking lots on the site and the expanded site (hereinafter referred to as the "Parking Lot") leased to City under the Leases referred to in the recitals hereof. Section 3 - Operation of Parking Lot Operator agrees to manage, operate and maintain the parking lot, together with all improvements constructed thereon and the off-site improvements specified in the next succeeding sentence, for and on behalf of, and at no cost to City, in accordance with this agreement and the terms of the Leases as they presently exist to the extent the Leases regulate the management, operation and maintenance of the parking lot, for the public purposes for which the same were constructed and leased to the City by the Parking Authority to wit: for use by the general public as an off- 3. street public parking lot for motor vehicles without charge, in accord with the Parking Law of 1949 (Streets and Highways Code Section 32500 et seq.). The off-site improvements referred to in the preceding sentence are: A. Slopes, including landscaping, adjacent -to the south side of Marron Road between El Camino Real and the line extended from the westerly boundary of . Tentative Map CT 76-18, as approved by City Council Resolution No. 5165, B. Lined or unlined drainage channels, desilting basins and any other erosion control devices, as shown on the improvement plans for said subdivision and, in addition, those facilities necessary to provide drainage from the slopes mentioned in Subsection A, provided this section is not intended to include any responsibility for the maintenance of the Buena Vista -A Creek Channel. c. Desilting basins, as long as they exist, at or near the existing inlet to the sixty-six inch storm drain and the storm drain itself, located near the intersection of Marron Road and Monroe Street, Operator shall comply with all laws, including rules and regulations adopted pursuant hereto, of all governmental 4. agencies having jurisdiction concerning the parking lot and shall . hold the City and Parking Authority harmless from all costs of compliance, including, but not limited to, any charges imposed by such laws, rules and regulations on the City as lessee, or the Parking Authority as owner, as a condition of ownership or operation of the parking lot. The foregoing shall also apply to all laws, including rules and regulations adopted pursuant thereto of the City acting in its governmental capacity so long as they are of general application and not directed specifically to the parking lot. Nothing herein shall limit Operator's right to contest any such laws, rules or regulations. No charge or other validation shall be made use of the parking lot except in accordance with which may be entered into between Operator, City Authority. Section 4 - Term by Operator agreements and Parking The term of this agreement shall commence on the day of month on which the expanded site is leased to the City. The term of this agreement shall be fifty (50) years. To ensure for the continuity of operation of the parking lot after the termination of the Leases, the Parking Authority joins City in the execution hereof. This agreement shall terminate upon expiration of the fifty (50) year term. Upon such termination, in the event'the City or the Parking Authority do not wish to exercise their right 5. . . . \ . to assume operation of the parking lot, they agree to solicit bids from the public for such operation. , Section 5 - Title to Property Title to the site, the expanded site and the parking is controlled by the Leases and the conditions, covenants lot and restrictions contained in the Grant Deed, dated October 21, 1969, recorded the same date as Document No. 193480, Official Records of San Diego County, as amended by the instrument recorded on August 15, 1978, as Document No. 78-346318, Official Records of San Diego County, and in the Grant Deed dated December 11 , 1980, recorded on , 19 as - Document No. I Official Records of San Diego County by means of which Grant Deeds the Parking Authority of the City of Carlsbad, as lessor of the Leases, acquired fee title to the parking lot. ib Operator, The May Department Stores Companyi J. C. Penney Company, Inc.; Sears, Roebuck and Company; Federated Department Stores, Inc., and Carter Hawley Hales Stores, Inc. have entered into an Amended and Restated Construction, Operation and Reciprocal Easement Agreement, recorded August 15, 1978, as Document No. 78- 346427, (hereinafter referred to as the "Phase II REA"). To the extent the provisions of the Phase II REA relate to the operation, maintenance and repair of the parking lot and to the extent said provisions are not inconsistent with either the terms of this 6. - . . \ . . agreement or with all laws, including rules and regulations adopted pursuant thereto of all governmental agencies having jurisdiction concerning the parking lot, including all laws, and rules and regulations adopted pursuant thereto of City acting in. its governmental capacity, whether now in effect or hereafter enacted, so long as they are of general application and not directed specifically to the parking lot, title to the site, the expanded site and the parking lot is also controlled by the Phase II REA. Title to all personal property placed on or about the parking lot by Operator shall remain in Operator. Title to all personal property and fixtures placed on or about the parking lot by City shall remain in City. Title to all fixtures placed on or about the parking lot by Operator shall remain in Operator unless such fixtures replace fixtures owned by the Parking Authority or by City, in which event such replacement fixtures shall belong to City. B Section 6 - Alterations to the Parking Lot Operator shall not make any alterations to the parking lot, including the landscaped areas,. as they exist on the effective- date . hereof, without first obtaining written approval to do so from the City Manager of the City of Carlsbad. If the City Manager determines to approve such alterations, such approval may include 7. - . . . ! * . the imposition of conditions to ensure repair or replacement of landscaping, traffic signs, signals, if any, or other control devices and any bus transfer facilities removed 4y such alterations, appropriate erosion control, siltation and runoff devices or any other measures reasonably necessary to preclude adverse environ-' mental effects which may be caused by such alteration. City shall not make any alterations to the parking lot, including the landscaped areas, as they exist on the effective date hereof, without first obtaining written approval to do so from the Operator. Section 7 - Temporary Use The parties recognize that Operator may from time to time, during the term of this agreement, require a temporary license to use portions of the parking lot for the purposes of: 1. Performing maintenance upon, and making repairs to, and/or making construction alterations, additions and improvements, or razing and replacing the whole or any part of the shopping center buildings and the tenant stores, and/or 2. Constructing new stores, and/or 8. . 3. Obtaining access, ingress and egress to and from the shopping center or the tenant stores, as the case may be, to carry on such maintenance, repair and construction. Within a reasonable time prior to the commencement of any such maintenance, repair or construction, Operator shall submit to City Manager for his approval a plot plan of the shopping center on which Operator shall delineate those portions of the parking lot with respect to which Operator reasonably requires a temporary license in connection with such maintenance, repair or construction, and such access, ingress and egress, and the City Manager shall, within ten (10) days thereafter, notify Operator whether he approves or disapproves of the use. If the City Manager determines to approve the use, such approval may include the imposition of conditions reasonably necessary to protect the public health, safety and welfare. At all times during Operator's use of the portion of the parking lot as aforesaid, Operator shall comply with any conditions imposed by the City Manager on said license, and upon cessation of such use shall promptly restore the portions of the parking lot so used to the conditions in which the same were prior to the time of commencement of such use, including the clearing of such area of all loose dirt, debris, equipment and construction materials. Operator shall also restore any portions of the parking lot which may have been damaged by or damaged in conjunction with such maintenance, repair or construction work promptly upon the occurrence of such damage, and shall at all times 9. during the period of any such maintenance, repair or construction keep all portions of the parking lot, except the portions of the lot being utilized pursuant to such license, free from and un- obstructed by any loose dirt, debris, equipment or construction materials related to such maintenance, repair or construction. Section 8 - Special Events Operator shall not use the parking lot, or any portion thereof or permit it to be used for other than public parking purposes, unless expressly permitted by this agreement. All special events shall be subject to the requirements of the Carlsbad Municipal Code. Operator shall not use the parking lot, or any portion thereof or permit it to be used for any special. event without the express written approval of the City Manager. If the City Manager determines to approve such events, the City Manager's approval amy include the imposition of conditions ii? as are reasonably necessary to protect the public health, safety and general welfare. Operator shall not use or give permission for use of the lot for other than parking purposes without first taking reasonable steps to assure that such uses are in full compliance with this agreement and the Carlsbad Municipal Code. There shall be no display or sale of merchandise on any portion of the parking lot unless permitted by the Carlsbad Municipal Code and approved as a special event pursuant to this section. 10. _- ., , I . Section 9 - General Standards of Performance Commencing upon the date Operator takes possession of the parking lot or part thereof, and continuing so long as Operator is in possession of the parking lot and subject to the policy, . controls and other limitations expressed herein, the following separate, distinct and cumulative standards shall be observed: c 1. PUNCTUAL PAYMENT. Operator shall duly and punctually pay or cause to be paid its obligations hereunder in strict conformance herewith. 2. DISCHARGE CLAIMS. Operator shall discharge or provide for the discharge of all claims which it has authorized or incurred for labor, materials and supplies furnished for or in connection with the parking lot. 3. NON-DISCRIMINATION. Operator shall operate and manage the parking lot without unlawful discrimination as to race, creed, sex, color or national original discrimination in favor of its own customers and without or otherwise. 4. CONFORMITY TO LAWS. Operator shall duly observec conform to and comply with all valid requirements of any governmental authority relative to the parking lot or any part thereof and shall require all personnel 11. . using the parking lot to conform to and comply with such requirements. I 5. OPERATION. Operator shall manage and operate the parking lot in an efficient and economical manner in such a way as to cast no reflection on Operator or City. In particular, without limiting the generality of the foregoing, Operator shall use its best efforts to the end that the operating personnel of the parking lot are courteous and are: Personally clean, well-groomed and attractive in appearance. (b) Cleanly and neatly dressed when on duty in clean, neat and orderly uniforms, costumes or dress suitable for their particular jobs. (cl Able to see, hear and speak normally. id) Required to conduct themselves at all times in a sober, courteous, polite, dignified and inoffensive manner. (4 Trained to render a high degree of service in their particular job. 12. . . / (f) Closely supervised to ensure such a high degree of service. 1 (g) Provided with the necessary equipment, apparatus and other facilities so that they can exercise . their duties and render such a high degree of service, It is not intended, however, by reciting these standards to prevent the employment of handicapped persons, and Operator and City shall cooperate to the end that such standards shall be and are waived as to any particular person whose handicap is not such as to prevent that person from adequately performing the duties of the particular job to which he or she may be assigned. 6. MAINTENANCE. Commencing as of the date of this agreement, Operator shall maintain the parking lot, including the &b lighting, paving, traffic control signs and other signing, and striping thereon, in good and clean condition, repair and working order, free of debris, trash and fuel or oil spills. The standard far such maintenance shall be that which generally prevails for parking lots of other regional shopping centers in San Diego County. . The materials, apparatus and facilities used for any new construction, repair or reconstruction shall be at least equal to the quality of the materials, apparatus and facilities originally used. 13. It is the intent of the parties hereto that the parking lot be operated and maintained so that upon the termination of this agreement, or any extension thereof, the parking lot will be in essentially the same condition (reasonable wear and tear and condemnation excepted) and have the same utility as a public parking lot as pertains on the date of this agreement. Operator's obligations hereunder shall include, but not be limited to, the following: (a) All hard-surfaced portions of the parking lot shall be swept and washed at intervals sufficient to maintain the same in clean condition, free of debris, trash, and fuel or oil spills. All such work shall be done before.the stores in the shopping center having 100,000 or more square feet of floor area shall open each day for business to the general public. (b) All lamps on lighting standards shall be inspected at regular intervals, and all lamps shall be promptly replaced when no longer properly functioning. (c) All parking lot amenities, benches and institutional, directional, traffic and other signs shall be inspected at regular intervals, maintained in a clean 14. \ (d) condition and promptly repaired or replaced upon the occurrence of any defects or irregularities thereto. , The entire parking lot shall be illuminated during such hours of darkness as stores containing 100,000 or more square feet of floor area in the shopping center shall be open for business to the general public and for a reasonable period thereafter to permit the patrons thereof safe egress from the parking lot. In addition, portions of the parking lot shall be illuminated during hours of darkness in the vicinity of any business served by the lot while such business is open for business to the general public and for a reasonable period thereafter to permit the patrons thereof safe egress from the parking lot. (e) All landscaping shall be properly maintained, including removal of dead plants, weeds and foreign matter and such replanting and replacement as the occasion may require in accordance with practices which generally prevail for the parking lots of the other regional shopping centers in San Diego County. 15. (f) All trash and rubbish containers located on the parking lot shall be emptied daily and shall be washed at intervals sufficient to maintain the same in a clean cond'ition. (4) All paving, curbs, gutters, sidewalks, berms and barricades located on the parking lot shall be inspected at regular intervals and maintained in good condition. All hard-surfaced markings shall be inspected at regular intervals and promptly repainted as the same become unsightly or indistinct from wear or other cause. (h) Operator shall maintain drainage channels, pipes, catch basins, and any other facilities located on the parking lot for collection and conveyance of drainage waters. (i) Operator shall maintain and repair the sewer mains I and lines and all utility systems located in the parking lot which serve the buildings constructed within the exterior boundaries of t'ne parking lot to the extent that the same are not maintained or repaired by public utilities. (j) Operator shall provide adequate supervision and security for the parking lot in accordance 16. . with practices which generally prevail for the parking lots of the other regional shopping centers in San Diego County. The,obligations imposed by this section on Operator shall be supplemental to such Police protection as City . provides for commercial areas in the City, (k) The provision and maintenance of traffic control signing or other means of traffic control not involving any significant expenditure of money reasonably necessary for effecting the safe and efficient operation of a circulation system for traffic and pedestrians in respect to the parking lot and its operation. (1) Operator shall maintain and repair all off-site improvements as specified in Section 3 of this agreement. Section 10 - Operator's Compensation Operator shall receive compensation for its services from City in the amount of One Dollar ($1.00) per year. Operator will otherwise benefit from this agreement in that it owns, operates, holds interests in or otherwise controls to varying degrees a shopping center known as Plaza Camino Real, which is surrounded 17. - . on all sides by the parking lot. The manner in which the parking - lot is operated and maintained will have a direct impact on the operation of the shopping center. Operator,,by virtue of this agreement, will be able to ensure a high level maintenance and operation of the parking lot to the overall benefit of the . shopping center. Section 11 - Indemnity Operator shall indemnify City and Parking Authority and hold City and Parking Authority harmless from and against any and all actions, claims, demands, costs, damages, penalties, expenses or liabilities of any kind whatsoever by reason of the maintenance or operation of the parking lot or by reason of the use thereof. This indemnification shall include reasonable attorneys' fees which City or Parking Authority may expend in connection with any of the foregoing. Section 12 - Liability Insurance Operator shall, from and after the date of this agreement, carry public liability and property damage insurance covering the parking lot written by financially responsible insurance company(s), authorized to do business in the State of California and with limits of liability of at least a combined single limit of two million dollars ($2,000,000.00) per occurrence. All such insurance shall name City and Parking Authority as additional insured and 18. , . shall be maintained in full force and effect by Operator for the term of this agreement. , Section 13 - Fire and Extended Coverage Insurance and Repair Should the parking facilities be damaged by fire, lightning, vandalism, malicious mischief or any other casualty, Operator shall cause the repair of such damage with all reasonable dispatch. Operator shall procure and maintain or cause to be procured and maintained in full force and effect at all times during the term of this Agreement, a policy or policies of insurance against loss or damage to the improvements of the parking lot, resulting from fire, lightning, vandalism, malicious mischief, and such other perils as are ordinarily included in "fire and extended coverage insurance", providing coverage at one hundred percent (100%) of the replacement value of said improvements written by financially responsible insurance company(s) authorized to do business in the State of California. The Parking Authority, City, Operator b and anyone having the right to possession of any or all of the parking lot under a lease, license or other similar document, or anyone to whom all or any part of the parking lot is assigned pledged or placed in trust as security for any loan for the cost of said improvements, shall be named as additional insured under said policy of insurance. Proceeds of the said insurance shall be applied toward the cost of repairs or replacements of said improvements. 19. . . , . Section 14 - Evidence of Insurance: Blanket Policies . Operator shall cause policies of insurance or certificates , thereof to be provided to City to evidence Operator's compliance with the requirements of Sections 12 and 13 and providing that the coverage under such policies shall not be reduced or cancelled except after thirty (30) days' written notice to City. The insurance required under Sections 12 and 13 may be obtained through ' blanket policies or contracts which may cover other properties or liabilities, provided that as respects the insurance referred to in Sections 12 and 13, there is separately stated and allocated in such policies or contracts with respect to the parking lot an amount at least equal to the amount of insurance required with respect to the parking lot as if the same were so insured under separate policies or contracts of insurance. Section 15 - CoPenant Against Mechanics' Liens Operator shall keep the parking lot free and clear of all material liens or mechanics' liens or any other similar liens for repair, maintenance and operation, services, labor or materials which may arise from any work done on the parking lot by or at the direction of Operator. Operator may in good faith contest the validity of any such lien and shall at its expense defend itself, City and Parking Authority against the same and pay any final judgment which may be rendered thereon. If Operator elects 20. to contest any such lien, it shall record a surety bond in accordance with California Civil Code Section 3143 releasing the parking lot from such lien within ten (10) dgys after it becomes aware of the recordation of any such lien or Operator shall deliver the aforementioned bond to City. Section 16 - Enforcement If Operator shall at any time fail or refuse to pay any obligation or perform any work or furnish any services required on their part under this agreement, City or Parking Authority may prosecute any proceeding at law or in equity to secure by way of specific performance or otherwise Operator's obligations. Section 17 - Assignment Operator shall not assign this agreement without written consent of City, except to a wholly owned subsidiary of Operator, or to a successor by purchase of all of the assets of Operator, or except to the extent that Operator becomes a participant corporation in a merger or consolidation. City's consent shall further not be required for any assignment to a person who assumes Operator's obligations for the entire parking lot pursuant to the provisions of the Phase II REA. Where City's consent to an assignment is required, it shall not be unreasonably withheld. Nothing herein shall be deemed to limit Operator's 21. -. : ,- ., right to subcontract for the performance of Operator's obligations to operate, maintain and repair any part of the parking lot provided no such subcontract shall relieve Operator of the responsibility for such obligations. Section 18 - Operator's Right to Operate Parking; Termination for Default Operator shall have the right to operate the parking lot throughout the term of this agreement, provided that if Operator defaults in the performance of its obligations under this agreement and such default is not cured within ninety (90) days after written notice from the City to Operator and to all the REA Parties (as defined in Section 20), specifying the particulars of such default, City shall have the right to terminate this agreement. The giving of such notice of default to Developer and all the REA parties is a condition precedent to the exercise by City of its right to terminate this agreement under this section. 4 Section 19 - Right to Cure Grant Deed Defaults In the event any person entitled to enforce the provisions of the Grant Deeds described in Section 5 of this agreement gives written notice to the City or Parking Authority asserting that the City or the Parking Authority is in default of itsobligations under the terms of either of said Grant Deeds, and any of the asserted grounds for default involve matters which are made 22. obligations of the Operator by this agreement, and Operator does not cure the default within thirty (30) days from written notice thereof from the City or Parking Authority, City or Parking Authority shall have the right to take any reasonable steps necessary to cure the default. Operator shall pay the cost of curing any such default. If City determines, in its reasonable judgment, after the expiration of the aforementioned notice period, that it is necessary in order to cure any such default, City shall P have the right to oust Operator, to suspend or terminate this agreement, and to make such other arrangements for the operation of the parking lot as City considers appropriate. City and ParkingAutlPrity agree to send copies of any notices that either may give to Operator under this section to all of the REA Parties (as defined in Section 20). The sending of such copies of such notices shall be solely for the information of the REA Parties and shall not be a condition to the exercise by the City or Parking Authority of any rights under this section. The sending of or failure to send any such copies to any of the REA Parties shall not affect City's or Parking Authority's rights under this section. Neither City nor Parking Authority shall be liable to the Operator or any REA Party by reason of sending or failing to send any such copies to any REA Party. Section 20 - Notices to REA Parties As used in this agreement, the term "REA Parties" refers to the Parties to the Amended and Restated Construction, Operation 23. ., r - , t and Reciprocal Easement Agreement referred to in Section 5. Notices to the REA Parties shall be by certified mail addressed as follows (subject to the right of each of said Parties to designate a different address for itself by notice to the City and Parking Authority given in accordance with the provisions of paragraph 4 of Section 21): The May Department Stores Company 1701 Railway Exchange Building 6th and Olive Streets St. Louis, Missouri 63101 Attention: Executive Vice President J. C. Penney Company, Inc. P. 0. Box 4015 Buena Park, California 90624 Attention; Executive Vice President Sears, Roebuck and Co. 900 South Fremont Avenue Alhambra, California 91802 Attention: Executive Vice President Federated Department Stores, Inc. 222 West Seventh Street Cincinnati, Ohio 45202 Attention: Senior Vice President - Real Estate Carter Hawley Hale Stores, Inc. 550 South Flower Street Los Angeles, California 90071 Attention: Vice President, Real Estate Legal Plaza Camino Real c/o May Centers, Inc. Sixth and Olive Streets St. Louis, Missouri 63101 Attention: President 24. . . - -. .- So long as Plaza Camino Real is the Operator under this Agreement, it shall not be entitled to any additional notices in its capacity as an REA Party. Should it cease to be the Operator, it shall be entitled to receive the same notices as any other REA Party. Section 21 - General 1. The paragraph headings contained herein are for convenience and reference and are not intended to define or limit the scope of any provision of this agreement and shall not be considered in any construction or interpretation of this agreement. 2. If any section, subsection, sentence, clause or phrase of this agreement, or the application thereof, to either party I or any other person or circumstance is for any reason held invalid, it shall be deemed severable and the validity of the remainder of the agreement of the application of such to the other party, or to any person or circumstance, be affected hereby. 3. This agreement shall be construed in accord laws of California. 4. Any notice pursuant to this agreement shall certified mail addressed as follows: provision shall not with the be by 25. * . G. I > _ ?* . . t. To Operator: To City: Plaza Camino Real c/o May Centers, Inc. Sixth and Olive Streets St. Louis, Missouri 63101 Attention: President , City Clerk City of Carlsbad 1200 Elm Avenue Carlsbad, California 92008 To Parking Authority: Parking Authority City of Carlsbad 1200 Elm Avenue Carlsbad, California 92008 . With a duplicate copy to City Attorney at the same address. Any party hereto may change its address for notices by delivering to all other parties a notification of a new address to be effective upon receipt of written acknowledgement of said change from said parties. 5. The City, by its execution of this agreement, authorizes the City Manager to act on behalf of the City and to exercise his judgment in regard to the approvals specified by this agreement ib to be made by the City Manager. In acting on requests for such approvals, the City Manager shall be deemed to be acting on behalf of the City. Such approvals shall be in writing and shall not be unreasonably withheld. Operator shall have the right to appeal the determinations of the City Manager on requests for approval to the City Council whose decision shall be final. 26. Whereve, in this agreement the approval of the City is specifically required, the decision on such approvals shall be made by the City Council. , 6. Wherever in this agreement the approval of City or City Manager is required, Operator may, at its option, if it sees fit, invoke the following procedure: Operator shall give a written notice of request for approval which shall include the details of the action proposed to be taken in connection therewith. . Said notice shall be mailed to the City Clerk, City Manager and City Attorney by either personal delivery or certified mail. The City Manager or City Council shall have forty (40) days after actual receipt of the notice within which to approve or disapprove, although they may make a decision to approve or disapprove in a shorter time. Unless the City Manager or City Council acts to disapprove the aforesaid within forty (40) days after actual receipt of the notice, evidenced by personal service or execution of the certified mail receipt, the same shall be deemed approved. The time limits in this section may be extended upon consent of Operator. b IN WITNESS WHEREOF, the City, the Parking Authority and Operator have signed this agreement as of the day and year first above written. limited partnership 27. City Clerk ATTEST: ALETHA L:RA;TENKRANZ 1City,Clerk CITY OF CARLSBAD -.I7 RONALD C. PACKARD, &YOR PARKING AUTHORITY OF THE CITY OF CARLSBAD I HEREBY APPROVE the foregoing Agreement this Parking Authority of the City of Carlsbad 28. THIS CERTI+CATE VOIDS AND SUPERSEDES CERTIFICATE DATED Z/20/81 CERTIF CATE k3 OF IN RANCE LIBERTY THIS IS tiOT:AN INSURANCE POLICY MUTUAL This is to Certify that r The May Department Stores Co., Its 1 Subsidiaries and Operating Divisions 611 Olive Street * , St. Louis, Missouri 63101 I Name and address of Insured. L --J is, at the date of this certificate, insured by the Company for the types of insurance and in accordance with the limits of liability, exclusions, conditions, and other terms of the policies hereinafter described. This certificate of insurance neither affirmatively or neg- - atively amends, extends or alters the coverage afforded by the policies listed below. - TYPE OF POLICY WORKERS’ COMPENSATION COMP;~&&NSIVE SCHEDULE FORM PRODUCTS COM- -I > 0 PLETED OPERATIONS INDEPENDENT CON- 0 CONTRACTUAL LIABILITY 0 g 5 ClOWNED 23 cl NON-OWNED HIRED -w Umbrella $ Excess 5 Liability I LOCATION(S) OF OPERATIONS g XPIRATION DATE 2/l/84 2/l/84 LEl-641-004044-041 38 # (If Applicol 1) POLICY NUMBER LGl-641-004044-031 LIMI OVERAGE AFFORDED UNDER \ OLLOWING STATES IARITIME COVERAGE. FOLLOWINC BODILY INJUR’ i 500,000 ' 1,000,000 I i i E’:: OR i EA TS OF LII CH ACCIDENT CH ACCIDENT-S 4BILITY .IMIT OF LIABILITY-COV 8 Indicate Limit for each state) IMIT OF LIABILITY MARITIME COVERAG PROPERTY DAMAGE EACH 6 5OO ,000 OCCURRENC b 1,000,000 AGGREGAT 6 EACH ACCIDENT OR OCCURRENCI INGLE LIMIT-B.I. AND P.D. COMBINEI 2,000,OOO Combined Single Limit DESCRIPTION OF OPERATIONS: Location 13-14 Covers all parking areas included in Plaza Camino Real Shopping Center, . . . . . . . Speclflcally in&l&q bitt not 1lrnltPd tn T,nts Sic91 & 37 d ParkIng RTPRS lnr*tPd In the City of Oceanside. 1 Additional Insureds as their interests may appear: Parking Authority of the City of Carlsbad, the City of Carlsbad and the City of Oceanside. NOTICE OF CANCELLATION: (NOT APPLICABLE UNLESS A NUMBER OF DAYS IS ENTERED BELOW). BEFORE THE STATED EXPIRATION DATE THE COMPANY WILL NOT CANCEL OR REDUCE THE INSURANCE AFFORDED UNDER THE ABOVE POLICIES Certificate #25-S/C PRIOR TO 30 DAYS AFTER NOTICE OF SUCH CANCELLATION OR REDUCTION HAS BEEN / MAILED TO: r The Parking Authority of Carlsbad - , The City of Oceanside and the City of Carlsbad RESENTATIVE 1200 Elm Avenue L Carlsbad, CA 92008 314181 mc / . . UlS -I DATED OFFICE I This cetiificot. Is oxocutod by LIBERTY MUTUAL INSURANCE COMPANY OS rosprcts such insuranc. (IS is afforded by Thor Company, it is executed by LIBERTY MUTUAL FIRE INSURANCE COMPANY 0s rorpoctr such insurance as Is afforded by That Company. BS 234A R8 The May Department Stores Company Writer’s Direct Dial Number: 314-247-0455 March 20, 1981 The Parking Authority of Carlsbad, The City of Oceanside & The City of Carlsbad 1200 Elm Avenue Carlsbad, CA 92008 Re: Liability Certificate of Ins. Location 13-14 Dear Sir: Attached please find a corrected Certificate evidencing liability coverage at the above location. This Certificate replaces any Certificate previously issued. (The old Certificates were issued with incorrect policy numbers on them.) We hope this has not inconvenienced you and if you have any questions, please do not hesitate to contact me. E.C. (Sally) Menkhus Assistant Administrator of Property Insurance SM/kz 2170/17/l Attachment cc: Margaret Kelley Executive Offices, 611 Olive Street, St. Louis, Missouri 63101 Telephone (314) 247-0300 4 II I I MayCenters January 31, 1983 City Clerk City of Carlsbad 1200 Elm Avenue Carlsbad, CA 92008 Re: Plaza Camino Real Carlsbad, California Gentlemen: In accordance with Section 17 of the Plaza Camino Real Parking Lot Operating Agreement, we hereby notify you that we have subcontracted the operation of a portion of the parking area at Plaza Camino Real to Federated Department Stores effective February 1, 1983. The subcontractor, Federated, has been made aware of the standards of mainten- ance required under the Plaza Camino Real Public Parking Lot Operating Agreement. Plaza Camino Real will be sure that they are maintained by the subcontractor. Very truly yours, Plaza Camino Real ?Lxz@ President cc: Parking Authority City of Carlsbad Federated Department Stores, Inc. Attn: Senior Vice President Real Estate MayCenters. Inc. 555 MrsslonValleyCenterWest San Dlego.California92108 1714)299-3040 This Certificate Voids and Supercedes Certificate Dated 12-10-81 This is to Certify that l- Ti’!e May Department Stores Co., Its 1 . Name and Subsidiaries and Operating Divisions 4-a address of 611 Ol.ive Street Insured. LSt. Louis, MO 63101 -J ' is, at the dztc of this ceriificaic, insured by the Company under the policy(ies) jistcd below. The inSUF%ICe afforded by the listed policy(ies) is subject to ~11 tl2eir tcnns, exclusions zmd conditiws and is not altered by any requirement, term 01 condition of any contract or other document with respcc: to which this certificate may b:: iaued. - TYPE OF POLICY WORKERS’ COMPENSATION -. --_I MARITIME COVERAGE- FOLLOWING STATES LIMIT OF LlA6lLlTY MARITIME COVERAGE ------- ---- - ~----- BOOiLY INJL!RY PROPERTY @AMAGE 2/l/83 &l-641-004044-032 -- __-- EACH CACH $ 500,000 OCCURRENCE $ 500,000 OCCURRFNCE PAOrxJCTS COM- $1,000,000 AGGREGATE $ 1 , ()OO,OOO AGGREGATE COM31NED SINGLE LIMIT BODILY INJUi?Y AND PROPERTY DAMAGE EACH OCCURRENCE a CONTRACTI;AL LIABILITY AGGREGATE -.- -(Lz ul z I Umbrella Excess 0 2/i/83 LEI-G41-004044-042 $2,000,000 Combined Single' Limit --_I_- --- - X3 8 (I( Applica ,) DESCRIPTION OF OPERATIONS: L,ocation 13-l!!: ------__-- i??ATION(S) OF OPERATIONS ( -I__ XPlHAl!ON DAT -__I_ POLICY NUMDER _.I.---_ -I_ LIMITS OF LIABILITY ---- COVCRAGE AFFORDED UNDER W.C. LAW OF tIMIT-& LIABILITY-COV B FOLLOWING STkl ES (lndltotc Limit for each slate) --- City of Oceanside. Adhitional Insureds as their interests may appear: Parking Authority of the City of Carlsbad, the City of Carlsbad and the City of Oceanside. ISOTICE OF CAhKELLATi0i-d: (NOT APPLICABLE UNLESS A NUMBER OF PAYS Is ENTEREil Ut3OW). BEFORE 1tiE STATED EXt’lRAlION DATE THE COMPANY WILI. NOT CANCEL OR f:tDUCE THE INSURANCE AFf-ORDED UNDtR THE ABOVE POLICIES UNTII AT LEAST-%e.wDAYS NOllCf OF 5UCH CANCELLATION OR RtfKJCTION HAS BEEN Certificate #21-S/C MAILLD TO: ,’ r The Parking Authority of Carlshad --I The City of Oceanside and the city of Carlsbad 1200 Elm Avenue L Carlsbatl, CA (lZr308 -I Marsh & WLennan, Inc. I 515 Olive Street- St. Louis, MO 63101 I Certificate # 14-S/C INSURED The May Department Stores Company and Pnv of Its Subsidiaries and I 611 Olive Street St. Louis, MO 63101 TYPE OF INSURANCE I A X COMPREHENSIVE FOfW IH X PREMlSEYOPEMlONS I INOEPENDENT CONTRACTORS BROAO FORM PfWPERTY OAMAGE THIS CERTIFICATE Is ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RMHTS UPON THE CERTIFICATE HOLDER. TIM CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLlClES BELOW. COMPANIES AFFORDING COVERAGE A Insurance Company Of North America %+~~Ny B St. Paul Surplus Lines Insurance Co. EY%iNY C POLICY NUMBER XSLGO6634102 *Excess over a $250,000 Self Insured Retention A ANY AUTO ALL OWNED AUTOS (PRIV. PASS.) u ALL OWNED AUTOS ( g’R”R$#) lllRE0 AUTOS NON-OWNED AUTOS GARAGE LIABILITY EXCESS LIABlLlTY B UMBRELLA FDRM OTHER THAN UMBRELLA FOfM LCO-5516339 WORKERS’ COMPENSATION AND EMPLOYERS’ LlABluTy I I OTHER Location 13-14: Cov specifically includi t II DESCRIPTION Of OPERATlONS/LOCATlONI Oceanside. rs all parking areas includl g but not limited to Lots #: WEHlCLES/SPECIAL ITEMS POLICY EFFECTIVE DATE IMWQDNYl 2/l/87 2/l/87 I in Plaz & 27 Pa PERSONAL INJURY Jg1,750* 2/l/88 1,000 I STATUTORY I II _- __.. - .-.__ Parki,ng Authority of the City of Carls I The Parking Authority of Carlsbad SHOULD ANY OF THE ABOVE DESCRIBED POLlUES BE CANCELLED BEFORE THE EX- PIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVDR TO The City of Oceanside & The City of DAYS WRKTEN NOTlCE TO THE CERTIFICATE HOLDER NAkED TO THE Carlsbad y*ILi%iiLwETOMAlLSUCHNOTlCESHALL~ND-TlCNORLlABlLlTY 1200 Elm Avenue VINCENT F. BIONDO, JR. CITY ATTORNEY RONALD R. BALL ASSISTANT CITY ATTORNEY CITY OF CARLSBAD 1200 CARLSBAD VILLAGE DRIVE CARLSBAD, CALIFORNIA 92008-1989 (619) 434-2891 April 4, 1990 Catherine R. Phillips Lewis, Rice C Fingersh 611 Olive Street St. Louis, Missouri 63101 RE: PARKING AGREEMENTS AT PLAZA CAMINO REAL SHOPPING CENTER Dear Ms. Phillips: Phyllis Welsh, of your office, suggested I return to you the original signed agreements for the City of Carlsbad and the Parking Authority for the City of Carlsbad. They are enclosed. Please let me know if I can assist you further in this regard. /RANDEE HARLIB / Secretary to the City Attorney mw enclosures THE PARKING AUTHORITY OF THE CITY OF CARLSBAD John Hancock Mutual Life Mortgage and Real Estate John Hancock Place P. 0. Box 111 April 3, 1990 Insurance Company Department Boston, Massachusetts 02117 Gentlemen: Reference is made to that certain Public Parking Lot Operating Agreement dated January 20, 1981 by and among the City of Carlsbad ("City") , the Parking Authority of the City of Carlsbad ("Parking Authority") and Plaza Camino Real, a California limited partnership (VIOperator*l), as supplemented'by an Agreement Regarding Management, Operation and Maintenance of Plaza Camino Real Shopping Center Parking Area in Oceanside, dated January 20, 1981, among City, Parking Authority and Operator, and by Supplement to the Plaza Camino Real Public Parking Lot Agreement, dated January 20, 1981, among City, Parking Authority and Operator (Collectively, the "Operating Agreement"). This letter shall certify to John Hancock the following, as of the date hereof: 1. The Operating Agreement is in full force and effect, and there has been no amendment or modification thereof: and 2. There exists no default thereunder by any of the thereto, and there exists no event, which, with the of time, notice or either of them, would constitute a thereunder by any of said parties. Sincerely, THE PARKING AUTmRITY OF _ parties passage default ITS: Ex-officio Attorney f& the Parkina Authority THE CITY OF CARLSBAD April 3, 1990 John Hancock Mutual Life Insurance Company Mortgage and Real Estate Department John Hancock Place P. 0. Box 111 Boston, Massachusetts 02117 Gentlemen: Reference is made to that certain Public Parking Lot Operating Agreement dated January 20, 1981 by and among the City of Carlsbad ("City") , the Parking Authority of the City of Carlsbad ("Parking AuthorityI') and Plaza Camino Real, a California limited partnership (VqOperatorll), as supplemented by an Agreement Regarding Management, Operation and Maintenance of Plaza Camino Real Shopping Center Parking Area in Oceanside, dated January 20, 1981, among City, Parking Authority and Operator, and by Supplement to the Plaza Camino Real Public Parking Lot Agreement, dated January 20, 1981, among City, Parking Authority and Operator (Collectively, the '@Operating Agreement"). This letter shall certify to John Hancock the following, as of the date hereof: 1. The Operating Agreement is in full force and effect, and there has been no amendment or modification thereof: and 2. There exists no default thereunder by any of the parties thereto, and there exists no event, which, with the passage of time, notice or either of them, would constitute a default thereunder by any of said parties. Sincerely, ITS: Citv Attornev - A CENTERMARK PROPERTIES November 24, 1993 City Clerk City of Carlsbad 1200 Elm Avenue Carlsbad, California 92008 Re: ESTOPPEL CERTIFICATE Dear Sir or Madam: Plaza Camino Real, a California limited partnership in which CenterMark Properties, Inc., is general partner, is the Operator . under that certain Operating Agreement more specifically described in the enclosed estoppel certificate. Operator hereby requests that you execute and deliver the estoppel certificate in connection with the contemplated sale of 100% of the stock of CenterMark Properties, Inc. and related transactions, including mortgage financing. If you have any questions regarding the estoppel certificate, please do not hesitate to call. Your prompt return of the estoppel certificate will be appreciated. cc: City Attorney City of Carlsbad 1200 Elm Avenue Carlsbad, California 92008 CenterMark Properties, Inc. 611 Olive Street Suite 15fS St. Louis, Missouri 63101.1797 Telephone 314.342.6200 r ’ . ESTOPPEL CERTIFICATE CenterMark Properties, Inc. 611 Olive Street, 15th Floor St. Louis, Missouri 63101-1797 Re: OPERATING AGREEMENT AND AGREEMENTS DESCRIBED ON EXHIBIT "A" Ladies and Gentlemen: Reference is hereby made to Exhibit 1tAt1 attached hereto and made a part hereof which sets forth that certain Plaza Comino Real Public Parking Lot Operating Agreement (the "Operating Agreement") entered into by the undersigned and the operator listed in Exhibit IrAt (the ltDeveloperll), pertaining to the development and operation of the shopping center listed in Exhibit llAtl (the "Shopping Center") . Exhibit 'IA" also sets forth any agreements and amendments to the Operating Agreement (the "Agreementsl') entered into by the undersigned and the Operator with respect to the Shopping Center. In connection with the proposed sale of 100% of the stock of CenterMark Properties, Inc. and related transactions, including mortgage financing, Operator has requested that the undersigned execute and deliver this estoppel certificate. The undersigned acknowledges that the Operator and all additional parties listed in Exhibit sB1l attached hereto and made a part hereof are relying on this estoppel certificate. With such understanding, the undersigned hereby represents, warrants and confirms, on behalf of itself and its successors and assigns, for the benefit of Operator, and the additional parties named in Exhibit I'~" attached hereto and their respective successors and assigns that: 1. The undersigned is the holder of all right, title and interest under the Operating Agreement and the Agreements and has Page 2 not assigned or transferred any of its rights or obligations under the Operating Agreement or the Agreements. 2. The Operating Agreement and the Agreements have been duly authorized, executed and delivered by the undersigned and are presently in full force and effect and, except as set forth in Exhibit "A" hereby, the Operating Agreement and the Agreements have not been amended or modified, and there are no other agreements between Operator and the undersigned related to the Shopping Center. 3. Except as set forth in Exhibit t8At@, there is, to the best knowledge of the undersigned, no default under the Operating Agreement or the Agreements and, to the best knowledge of the undersigned, the undersigned has no offset, charge, lien, claim, termination right or defense which currently exists under the Operating Agreement or the Agreements. The undersigned has no rights of termination or cancellation except as set forth in Exhibit "At' or upon default by the Operator. 4. Except as set forth in Exhibit "A", all amounts owing by undersigned to Operator or by Operator to undersigned have been paid. 5. The undersigned and the person or persons executing this estoppel certificate on behalf of the undersigned have the power and authority to render this estoppel certificate. CITY OF CARLSBAD By: Name: Title: Date: EXHIBIT "A" I. OPERATOR: Plaza Camino Real, a California limited partnership in which CenterMark Properties, Inc. is general partner II. SHOPPING CENTER: Plaza Camino Real, Carlsbad, California III. DESCRIPTION OF OPERATING AGREEMENT: The Plaza Camino Real Public Parking Lot Operating Agreement A. DATE: January 20, 1981 B. PARTIES: City of Carlsbad, The Parking Authority of The City of Carlsbad and Operator C. AMENDMENTS: Supplement to The Plaza Camino Real Public Parking Lot Operating Agreement dated January 20, 1981. IV. AGREEMENTS: Agreement Regarding Management, Operating and Maintenance of Plaza Camino Real Shopping Center Parking in Oceanside dated January 20, 1981. V. LIENS, CLAIMS, OR OTHER CHARGES: VI. OTHERMATTERS: VII. CLAIMS AND OTHER MATTERS: EXHIBIT *'B', Plaza Camino Real CenterMark Properties, Inc. The Prudential Insurance Company of America General Growth Properties, Inc. Westfield Holdings Limited Whitehall Street Real Estate Limited Partnership III