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HomeMy WebLinkAboutWilliams, Louise; 1992-05-30;m a - 1’p T- %. RECORDING REQUESTED BY AND bJHEN RECORDED MAIL TO: CITY OF CARLSBAD 1200 Carlsbad Village Drive Carlsbad, CA 92008 tax: $ No fee Parcel No. 703 -- 304 09 E 703 -- 304 213 ................................................................. ADDENDUM TO GROUND LEASE AND OPTION AGREEMENT This addendum to the Ground Lease and Option Agreement is made on this /f4 day of Louise Williams, as conservator of the Estate of Minnie Carpenter, and Louise Williams, an unmarried woman as her sole and separate property, as joint tenants (lessors) and the Housing and Redevelopment Commission of the City of Carlsbad (lessee). , 19 YL, between v RECITALS WHEREAS, the parties entered into a Ground Lease and Option Agreement on May 30, 1990; and WHEREAS, paragraph 23.2 entitled Term of Option provides that lessee has an option to purchase the real property described in Exhibit A to said Ground Lease and Option Agreement upon the death of Minnie Carpenter; and WHEREAS, on November 8, 1991 lessor advised lessee that Minnie Carpenter had died on September 11, 1991; and WHEREAS, lessee desires to exercise its option on July 1, 1993. \ a 850 a IS 4- NOW, THEREFORE, the parties agree as follows: 1. Lessee desires to exercise its option without condition or qualification to purchase said property on July 1, 1993. The parties agree that no further or additional notices are necessary in order to exercise said option. Escrow will be opened on or after July 1, 1993 at Spring Mountain Escrow in accordance with paragraph 23.4 of the Ground Lease and Option Agreement. 2. If, for any reason, lessee rescinds its exercise of its option to purchase on July 1, 1993, lessee retains a continuing right thereafter, to exercise the option to purchase upon sixty (60) days written notice to lessor during the remaining term of the lease. 3. Except as expressly modified herein, the remaining terms and conditions of the Ground Lease and Option Agreement are unaffected. IN WITNESS WHEREOF, the parties have executed this Addendum to Ground Lease and Option Agreement as of the date set forth above. LESSOR: , fpT* ~ E: I ,e P 2p<,o bL-’*% ., +=.. ! $2 &!h DATED : LESSEE : COMMI S S I ON DATED: a/&/+ c e $51 e . .- . STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) 1 ss. January , 1gg2, before me, the On this lothday of - undersigned, personally appeared L.0UI SE WILLIAMS x personally known to me or - proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to this instrument, and acknowledged to me that he/she/they executed it. CORPORATE ACKNOWLEDGMENT :2----- /- -I a'cc ,-JJ - -x State of C- On this the24thday of February 1992, be County of Sari Diego Karen R. Kundtz the undersigned Notary Public, personally appeared Claude A. Lewis and Raymond R. Patchett kd personally known to me cl proved to me on the basis of satisfactory evidence to be the person(s) who executed the within instrument as Chairman and Secretary or on behalf of the corporation named, and acknowledged to me that the corporation executed it WITNESS my hand and official seal. N&wfs Sign&eU Gi?b 7120 122 NATIONAL NOTARY ASSOCIATION 23012 Ventura Blvd PO Box 4625 Woodla I '0 e .e 852 GROUND LEASE AND OPTION AGREEMENT This Ground Lease and Option Agreement is made on th , 1990, between Louise Williams, 6 A* day of Conservator of the Estate of Minnie Carpenter and Louise Willialr an unmarried woman as her sole and separate property, as joi tenants (Lessors) and The Housing and Redevelopment Commission the City of Carlsbad (Lessee). Introduction Louise Williams, as Conservator of the Estate of Minr Carpenter and Louise Williams, an unmarried woman, as joint tenant hereby lease, with an option to purchase, to The Housing i Redevelopment Commission of the City of Carlsbad, the premi: hereafter described on the terms and conditions set forth in tl lease. 1. PREMISES. 1.1 Lesal Description. The legal description of i premises, including any appurtenances, is included in Exhibit A this lease which is attached hereto and incorporated by referenc 1 I '0 0 853 .. The premises consist of seventeen thousand fii hundred (17,500) square feet of land situated in the City ( Carlsbad, at the northeast corner of Roosevelt Street and E Avenue. The Assessors parcel numbers are 203-304-09 and 203-304-21 Lessors agree to remove or otherwise dispose of a improvements existing on the property prior to the commencement this lease. Lessors shall cap utilities and conduct removal at t Lessors' costs. Once the Lessee takes possession Lessors' duti under this paragraph terminate. 1.2 Lessors' Warranty; Undersround Condition of t Lessors hereby acknowledge and agree that they shall Property. solely and completely responsible for: The removal of any and all structures, above ground facilitie under ground facilities, foundations, septic tanks, fuel tank piping, utilities, and any other known or unknown facilities the property. Cause the termination of any and all known or unknown und ground facilities and utilities immediately adjacent to t closest edge of property. Termination points of all utiliti and other facilities shall be clearly marked on the propert Lessors further agree to perform grading and other work restore the surface of the property after such removals to t existing elevation. 2 0 e 854 In the event of the location and subsequent removal by ti Lessors of asbestos, septic tanks, fuel tanks, waste tank subsurface pits or wells of any kind, the Lessors shall rem0 same in accordance with all applicable Federal, State, a Local laws, regulations, ordinances, and rules. Lessors sha be responsible for all costs associated with the disposal treatment of hazardous materials, if any, as hereafter define Lessors hereby acknowledge their responsibility and further agree indemnity and hold Lessee and the City of Carlsbad harmless from a against, any losses, damages, liabilities, claims, action judgments, court costs and legal or other expenses (includi attorneys' fees) which the Lessee and the City of Carlsbad may inc as a direct or indirect consequence of the use, generatio manufacture, disposal, threatened disposal transportation presence of 'IHazardous Materialst1 (as hereinafter defined) in, under or about the Lessors' site. For purposes of this Sectic tvHazardous Materialst1 shall mean any oil, flammable explosive asbestos, urea formaldehyde insulation, radioactive material hazardous wastes, toxic or contaminated substances or simil materials, including, without limitation, any "hazardous material or 'Itoxic substances" under the Comprehensive Environment Response, Compensation and Liability act of 1980, as amended, U.S.C., Section 9601, & seq., the Hazardous Materii Transportation Act, 49 U.S.C. Section 1801, & sea., the Resoui Conservation and Recovery Act, 42 U.S.C. Section 6901, et set Sections 25117 and 25316 of the California Health & Safety Code, any other applicable environmental law, ordinance or regulation 3 e 855 0 8. 2. TERM. The Term of this lease shall be for five (5) fu p 195 which is the day that the City accepts the property as proper cleared by the Lessors and approved by the City in writing. '1 parties agree to insert this date in the Lease. The term of t Lease then shall run for five (5) full calendar years, commencing the date inserted, unless sooner terminated by Lessee's exercise its option to purchase as provided for in this Lease. ST calendar years, commencing on the date of 5) L3 1 / 3. RENTAL. Commencing on the commencement date of tl Lease, as set forth in paragraph 2 above, Lessee shall pay Lessors, as rent for each calendar month, the sum of Four Thous; Three Hundred Fifty Dollars ($4,350.00) per month, which sum shz be due on the first day of each month commencing with SLY / 5 1990. All rents payable by Lessee shall be paid in lawful mol of the United States without deduction or offset and shall be pi to Lessors at the address as specified in this lease, or at si other places as Lessors may, from time to time, direct in writii 4. COSTS OF OPERATION OF PARKING LOT. Lessee shall pay the manner and at the time provided, all reasonable costs ( expenses incurred in the operation, repair and maintenance of premises during the term. 5. INDEMNITY. Lessee shall indemnify and hold Less harmless from and against any and all claims, arising from Lesse construction of the improvements and use of the premises, or f the conduct of Lessee's business, or from any activity, work things done, permitted or suffered by Lessee in or about the 4 0 e 856 premises, and shall further indemnify and hold Lessors harmless frc and against any and all claims arising from any breach or default performance of any obligation on Lessee's part to be performed und the terms of this Lease or arising from any negligence of t Lessee, or any of Lessee's agents, contractors or employments a from and against all costs, attorney's fees, expenses a liabilities incurred in the defense of any such claim or any acti or proceeding brought thereon; provided, however that Lessors sha promptly notify Lessee in writing of any claim or any action fil against Lessors as to which indemnity is sought hereunder and Less and/or its liability carrier shall have the right to designa counsel to undertake Lessors' defense. 6. UTILITIES. From and after the commencement date, Less shall pay for all utilities, used, rented or supplied, upon or connection with the premises and shall indemnify Lessors against a liability or damages on such account. 7. USE. Lessee shall use and occupy the premises for t purpose of conducting and carrying on the operation of a surfe parking lot and for no other purpose except as may be approved writing by Lessors. Lessors agree not to be unreasonable approving any new use that the Lessee proposes. 8. MAINTENANCE AND REPAIRS. Anything to the contrary, I withstanding in this Lease, it shall be the obligation of 1 Lessors to clear the property to the satisfaction of the Less prior to commencement of the Lease. Lessee shall construct on 1 property a parking lot and shall be responsible for all costs connection therewith. 5 0 857 0 9. END OF TERM: HOLDING OVER. 9.1 Surrender of Premises. Upon the expiration of t terms or upon its earlier termination for any reason whatsoeve Lessee shall surrender and deliver up the premises and, unless directed otherwise by Lessors in writing, all improvements therec except movable fixtures and personal property installed therein Lessee or its subtenants, in good order, condition and repair exec for reasonable wear and tear and except for damage caused by fire other casualty; provided, however, that if Lessee shall surrenc and deliver up the premises and improvements to Lessors withc having repaired or restored any such damage done by fire or otk casualty, Lessee shall concurrently therewith assign to Lessors e of Lessee's right or claims to any insurance proceeds resulting fi such fire or other casualty and Lessee shall repair any dame resulting from such fire or other casualty. Lessee shall repair i damage resulting from the removal by Lessee, or any subtenant Lessee, of any trade fixture or personal property not required to so surrendered. 9.2 Holdina Over. Upon the expiration of the ten should Lessee remain in possession of the premises with Lessoi consent, expressed or implied, such holding over shall be deemed have created only a tenancy from month to month, terminable either party upon thirty (30) days' written notice to the other a monthly rental equal to one hundred percent (100%) of the ri payable for the last full month of the term. 6 'e 858 e 10. QUIET ENJOYMENT. Upon payment by Lessee of the reni provided herein, and upon the observance and performance of all ( the covenants, terms, and conditions on the party of Lessee to 1 performed hereunder, Lessors covenant and warrant that Lessee m, peaceably and quietly hold and enjoy the premises for the term. 11, TRANSFER OF LESSORS' INTEREST. In the event of a transfer of Lessors' interest in the premises, the Lessors shall required to obtain the written consent of the purchaser to the ter and conditions of this contract. Lessors may not sell the proper unless such consent is obtained and the Lessee is notified writing. 12. ATTORNEYS' FEES AND COSTS. If any action is necessary enforce or interpret the terms of this lease, the prevailing par shall be entitled to reasonable attorney's fees, costs, in additi to such other relief which he or she may be entitled. 13. WAIVER. The waiver by either Lessors or Lessee of a breach of any term, condition or covenant contained herein shall r be deemed a waiver of such term, condition or covenant on a subsequent breach of the same or any other term, condition covenant contained herein. 14, NOTICES. All notices, demands or other writings to made, given or sent hereunder, or which may be so given or made sent by either Lessors or Lessee to the other, shall be deemed have been given when in writing and personally delivered or, mailed on the second (2nd) day after deposited in the United stal mail, certified or registered, postage prepaid, and addressedto 1 respective parties at their addresses set forth below. Lessors 7 0 859 e Lessee may from time to time, by written notice to the other part designate a different address which shall be substituted for the o specified herein. Lessors : Louise Williams, Conservator and Louise Williams Post Office Box 535 Carlsbad, California 92008 The Housing and Redevelopment Commission City of Carlsbad 2075 Las Palmas Carlsbad, California 92009 Lessee : 15. EXHIBITS. All exhibits referred to in this lease a attached hereto are hereby incorporated herein by reference and ma a part hereof as though herein set forth verbatim. 16. TIME OF ESSENCE. Time is hereby expressly declared to of the essence of this lease and of each and every term, covena and condition hereof which relates to a date or period of time. 17. CONSTRUCTION. The language in all parts of this lea shall in all respects be construed as a whole, according to its fa meaning, and not strictly for or against either Lessors or Lesse The article headings in this lease are for convenience only and 2 not to be construed as a part of the lease or in any way limiting amplifying the provisions hereof. 18. EFFECT OF INVALIDITY. If any term or provision sf tl lease or the application thereof to any person or circumstanc shall, to any extent, be invalid or unenforceable, the remainder this lease, or the application of its term and provisions to persc and circumstances other than those to which it has been held inva: or unenforceable shall not be affected thereby, and each term i provision of this lease shall be valid and enforceable to * fullest extent permitted by law. No acquisition by Lessors of t 8 0 0 860 or any of the interest of Lessee in or to the premises or t improvements, and no acquisition by Lessee of all or any interest Lessors in or to the premises shall constitute or work a merger the respective interest, unless expressly provided for. 19. SUCCESSORS AND ASSIGNS. This lease and the covenants i conditions contained herein shall be binding and inure to 1 benefit of and shall apply to the successors and assigns of Less( and to the permitted successors and assigns of Lessee, and i references in this lease to mtLessee9m or ttLessorsmm shall be deemed refer to and include all permitted successors and assigns of si party. 20. CONSENTS. Except as expressly provided in this lea! where the consent or approval of Lessors or Lessee is required this lease, such consent or approval will not be unreasonal withheld nor will the party giving such consent require the paym of any consideration for the giving thereof. Lessorsm request indemnity by Lessee and/or its successor as a condition to grant such consent shall not be considered as requiring payment of consideration for purposes of this section. 21. ENTIRE AGREEMENT. This lease and the exhibits her contain the entire agreement of Lessors and Lessee with respect the matters covered hereby, and no other agreement statement promise made by either Lessors or Lessee, which is not contai herein, shall be valid or binding. No prior agreeme understanding or representation pertaining to any such matter sh be effective for any purpose. No provision of the lease may amended or added to except by an agreement in writing signed Lessors and Lessee. 9 e 0 861 22. NUMBER AND GENDER. Whenever the singular number is us in this lease and when required by the context, the same sha include the plural, and the masculine gender shall include the feminine and neuter genders, and the word ltpersontV shall inclu corporation, firm or association. 23. OPTION TO PURCHASE. 23.1 Grant of Option. Provided that Lessee is not default under the terms of this lease, Lessors grant to Lessee option to purchase the real property which is described in th lease as Exhibit A, and the terms and conditions set forth beloTn 23.2 Term of ODtion. The term of this option sha commence on the sixtieth (60th) day before the Lease term ends, on the written notice by Lessors to Lessee of the death of I Minnie Carpenter. The Lessee shall have the discretion to exerci the option on the death of Ms. Minnie Carpenter, but shall not required to do so. In the event the Lessee fails to exercise t option on the death of Ms. Minnie Carpenter then the term of tl option shall continue and shall expire (provided the notice has be sent) on the day the Lease term ends at 5:OO p.m. Lessors agree give sixty (60) days written notice of the death of Ms. Minr Carpenter to the Lessee. Lessors further agree to give sixty (t days written notice to the Lessee sixty (60) days prior to the fii date for exercise of this option. The Lessors must give this not: in order for any option granted herein to expire. Notwithstand. anything in this Lease or Option to the contrary, this Lease shi run a minimum of twelve (12) months before Lessee can exercise q option to purchase the property herein. 10 e 862 a .a ., 1. 23.3 Manner of Exercisins Option. Provided Lessee is n in default under any term or provision of this lease, and th option, the option may be exercised by Lessee delivering to Lessor before the expiration of the option term, written notice of su exercise (the exercise notice) which exercise notice shall sta that the option is exercised without condition or qualification. 23.4 Completion of Sale UDon ReceiDt bv Lessors. Befa the expiration of the option term of the exercise notice, t parties agree that they shall, within ten (10) days, enter into escrow agreement at Spring Mountain Escrow, 2725 Jefferson Stree Suite 2B, Carlsbad, CA 92008, or such other escrow company as may acceptable to the parties. 23.5 Terms of the Sale. The purchase price for t property pursuant to this option is Six Hundred Fifty Six Thousz Two Hundred Fifty Dollars ($656,250) payable in cash at close escrow. (a) Lessees shall make an original deposit wj escrow in the amount of Five Thousand Dollars ($5,000) , the balai of the purchase price shall be due at close of escrow. (b) Close of escrow shall be thirty (30) days afl escrow is opened. (c) The parties agree to divide the costs of 1 escrow equally. (d) Title shall vest in The Housing l Redevelopment Commission of the City of Carlsbad. 11 4lD e 863 (e) Lessors shall, by grant deed, convey to Lessc a fee simple interest, free and clear of all title defects, lien1 encumbrances, deeds of trust and mortgages, except real proper assessments and any defects, liens, encumbrances, deeds of trusts mortgages created by Lessee after taking possession of the propert Lessors shall pay all real estate taxes prorated to close of escro (f) Lessors shall procure a California Land Tit Association standard policy of title insurance in the amount of S Hundred Fifty Six Thousand Two Hundred Fifty Dollars ($656,250) be paid for by Lessors and to be issued by Chicago Title Compa showing title vested in Lessee. (9) Lessors shall pay all costs and expenses clearing title, preparing, executing and acknowledging a delivering the grant deed, the premium for the title insuran policy and shall pay any transfer taxes. (h) Lessee shall pay all recording fees. (i) All notices and demands concerning this opti shall be given in writingby registered or certified mail, posta prepaid and return receipt requested. Notice shall be consider given when mailed. Notices shall be addressed as appears below 1 each party, provided that if any party gives notice of a change name or address, notice is to the giver of that notice shall given as demanded in that notice. To Lessors: Louise Williams, Conservator and Louise Williams Post Office Box 535 Carlsbad, California 92008 The Housing and Redevelopment Commission City of Carlsbad 2075 Las Palmas Carlsbad, California 92009 To Lessee: 12 e 0 864 .. Lessors shall at all times keep on file with the Carlsbad City cle the name of the person legally empowered to act on behalf Lessors. If either Lessor is deceased, notice shall be given Clement J. O'Neill, Esq. at 1350 Rosecrans Street, San Diego, 92106. 24. REPRESENTATIONS AND WARRANTIES. Lessors warrants tl they are the owner of the property and have marketable and insural fee simple title to the property, free of restrictions, least liens and other encumbrances. 25. OPTION TITLE INSURANCE. Lessors agree to obtain Lessee appropriate title insurance prior to the commencement of tl Lease, insuring title to the property which is the subject of t: Option. 26. TIME OF THE ESSENCE. Time is of the essence of t option agreement. If the option is not exercised in the man provided for in this option, before the expiration of the opt term, Lessee shall have no interest whatever in the property and option may not be revived by any subsequent payment or furt action by Lessee. 27. ASSIGNMENT OF OPTION. Lessee may not assign this opt and the rights under it without the express written consent Lessors. Lessors agree not to unreasonably withhold said conse 28. CONSENT OF SUPERIOR COURT. Lessors agree to obtain consent of the Superior Court in the Conservatorship of the Est of Minnie Carpenter to this Lease and this Option and furnish Le5 with a copy of the court order approving same. 13 m * 865 29. RELOCATION. Lessors must relocate and pay for relocatic of any individuals living on the property at the time of t: commencement of this Lease. Lessors shall indemnify Lessee from a claims and demands of anyone living on the property at t commencement of the Lease term. IN WITNESS WHEREOF the parties have executed this Ground Lea and Option Agreement as of the date set forth above. LESSORS : f 1990 Jziik&* onservat Dated: Ad- /c- 78 Estate of Minnie Carpenter Dated: 5-- /5+ 70 f 1990 LESSEE: CITY OF CARLSBAD HOUSING AND REDEVELOPMI Chairper2 Dated: h, Joa , 1990 14 e 866 e .% STATE OF CALIFORNIA 1 COUNTY OF SAN DIEGO 1 ) ss. On \ UmL \i , 1990, before me, a Notary Publi for the State of California, personally appeared LOUISE WILLIAM known to me to be the person whose name is subscribed to the withi instrument as Conservator, on behalf of the Estate of Minni Carpenter, the conservatorship therein named and acknowledged tha the conservatorship executed it. In witness whereof, I have hereunto set my hand an affixed my official seal the date and year first above written. OFnClAL SUL CAROLYN STENES NOTAW WBUC CAUFORNU PR!NCiPAc 0- IN STATE OF CALIFORNIA 1 COUNTY OF SAN DIEGO 1 ) ss. On Qw \ \ , , 1990, before me, a Notary Publi for the St of California, personally appeared LOUISE WILLIAP known to me o be the person whose name is subscribed to the withi instrument, and she acknowledged that she executed the same. In witness whereof, I have hereunto set my hand ar affixed my official seal the date and year first above written. OFFIClN SEAL 15 "* t 0 * 861 EXHIBIT A The real property located at 2970-76, 2992 Roosevelt Street, 630-3 Elm Avenue, Carlsbad, California, more particularly described a follows: Lots 1 through 5, Block 38, Town of Carlsbad amended, Map 775. Tax Parcel No, 203-304-9 and 203-304-20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 26 17 28 19 20 21*' 22 23 24 25 26 27 28 *1 * e CLEMENT J. O'NEILL Attorney 1350 Rosecrans at Law Street San Diego, CA 92106 Telephone: (619) 224-2975 E pL)\r&XAuIkG VISTA, CA D JUN - 4 19% ~{ENNETH E. MARTONE c~RK-sUPERIOR COURT CAN DIEGO COUNM. CA Attorney for LOUISE WILLIAMS, Conservator SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF SAN DIEGO In the Matter of the Conservatorship ) NO. PN 15478 of the Person and Estate of 1 ) EX-PARTE ORDEIP AUTHOR. ) TOGETHER WITH AN OPTI( MINNIE CARPENTER, ) LEASE OF REAL PROPERT' 1 1 Conservatee. ) TO PURCHASE LOUISE WILLIAMS, as conservator of this estate, having this Ex-Parte Petition for Authority to Lease Real Property Together with an Option to Purchase, and the matter coming on hearing ex-parte on JUN - 4 1930 . CLEMEN O'NEILL appearing for petitioner. All the allegations contained in the petition are true the petition should be granted. NOW, THEREFORE, IT IS ORDERED, ADJUDGED AND DECREED: 1. Petitioner is authorized to enter into a ground le with an option to purchase with the City of Carlsbad; 2. Petitioner's bond is increased by the sum of $22,C DATED: JUN - 4 1990 DAVID B. MOONS JR- JUDGE OF THE SUPERIOR COURT 1 e 0 I’ ’. t. 5 GROUND LEASE AND OPTION AGREEMENT This Ground Lease and Option Agreement is made on thi , 1990, between Louise Williams, a Conservator of the Estate of Minnie Carpenter and Louise Williams an unmarried woman as her sole and separate property, as joir tenants (Lessors) and The Housing and Redevelopment Commission c the City of Carlsbad (Lessee). Introduction + A* day of Louise Williams, as Conservator of the Estate of Minni Carpenter and Louise Williams, an unmarried woman, as joint tenants hereby lease, with an option to purchase, to The Housing ar Redevelopment Commission of the City of Carlsbad, the premisc hereafter described on the terms and conditions set forth in thj lease. 1. PREMISES. 1.1 Leqal Description. The legal description of tk premises, including any appurtenances, is included in Exhibit A 1 this lease which is attached hereto and incorporated by reference 1 0 e 2 1, The premises consist of seventeen thousand fiv hundred (17,500) square feet of land situated in the City c Carlsbad, at the northeast corner of Roosevelt Street and El Avenue. The Assessors parcel numbers are 203-304-09 and 203-304-20 Lessors agree to remove or otherwise dispose of an improvements existing on the property prior to the commencement c this lease. Lessors shall cap utilities and conduct removal at th Lessors' costs. Once the Lessee takes possession Lessors' dutie under this paragraph terminate. 1.2 Lessors I Warranty; Underqround Condition of th Property. Lessors hereby acknowledge and agree that they shall b solely and completely responsible for: The removal of any and all structures, above ground facilities under ground facilities, foundations, septic tanks, fuel tanks piping, utilities, and any other known or unknown facilities c the property. Cause the termination of any and all known or unknown unde ground facilities and utilities immediately adjacent to th closest edge of property. Termination points of all utilitie and other facilities shall be clearly marked on the property Lessors further agree to perform grading and other work t restore the surface of the property after such removals to tk existing elevation. 2 e 0 .a 1. In the event of the location and subsequent removal by th Lessors of asbestos, septic tanks, fuel tanks, waste tanks subsurface pits or wells of any kind, the Lessors shall remov same in accordance with all applicable Federal, State, ar Local laws, regulations, ordinances, and rules. Lessors shal be responsible for all costs associated with the disposal c treatment of hazardous materials, if any, as hereafter defined Lessors hereby acknowledge their responsibility and further agree t indemnity and hold Lessee and the City of Carlsbad harmless from ar against, any losses, damages, liabilities, claims, actions judgments, court costs and legal or other expenses (includir attorneys' fees) which the Lessee and the City of Carlsbad may incc as a direct or indirect consequence of the use, generatior manufacture, disposal, threatened disposal transportation c presence of IrHazardous Materialst1 (as hereinafter defined) in, c under or about the Lessors' site. For purposes of this Sectior "Hazardous Materials" shall mean any oil, flammable explosives asbestos, urea formaldehyde insulation, radioactive materials hazardous wastes, toxic or contaminated substances or simile materials, including, without limitation, any 18hazardous materials or "toxic substances1! under the Comprehensive Environment2 Response, Compensation and Liability act of 1980, as amended, 4 U.S.C., Section 9601, & m., the Hazardous Material Transportation Act, 49 U.S.C. Section 1801, & m., the Resourc Conservation and Recovery Act, 42 U.S.C. Section 6901, & sea. Sections 25117 and 25316 of the California Health & Safety Code, c any other applicable environmental law, ordinance or regulation. 3 e a I' 1. 2. TERM. The Term of this lease shall be for five (5) ful , 199c which is the day that the City accepts the property as proper1 cleared by the Lessors and approved by the City in writing, Tf: parties agree to insert this date in the Lease. The term of tl- Lease then shall run for five (5) full calendar years, commencing c the date inserted, unless sooner terminated by Lessee's exercise c its option to purchase as provided for in this Lease. ST calendar years, commencing on the date of xl cq I?.- 3. RENTAL. Commencing on the commencement date of thi Lease, as set forth in paragraph 2 above, Lessee shall pay t Lessors, as rent for each calendar month, the sum of Four Thousar Three Hundred Fifty Dollars ($4,350.00) per month, which sum shal be due on the first day of each month commencing with my \ LT 1990. All rents payable by Lessee shall be paid in lawful monc of the United States without deduction or offset and shall be paj to Lessors at the address as specified in this lease, or at SUC other places as Lessors may, from time to time, direct in writin< 4. COSTS OF OPERATION OF PARKING LOT. Lessee shall pay j the manner and at the time provided, all reasonable costs ar expenses incurred in the operation, repair and maintenance of tk premises during the term. 5. INDEMNITY. Lessee shall indemnify and hold Lessoi harmless from and against any and all claims, arising from Lessee' construction of the improvements and use of the premises, or frc the conduct of Lessee's business, or from any activity, work ( things done, permitted or suffered by Lessee in or about the 4 0 0 I- ,I premises, and shall further indemnify and hold Lessors harmless frc and against any and all claims arising from any breach or default i performance of any obligation on Lessee's part to be performed undc the terms of this Lease or arising from any negligence of tk Lessee, or any of Lessee's agents, contractors or employments ar from and against all costs, attorney's fees, expenses ar liabilities incurred in the defense of any such claim or any actic or proceeding brought thereon: provided, however that Lessors shal promptly notify Lessee in writing of any claim or any action file against Lessors as to which indemnity is sought hereunder and Less€ and/or its liability carrier shall have the right to designat counsel to undertake Lessors' defense. 6. UTILITIES. From and after the commencement date, Less€ shall pay for all utilities, used, rented or supplied, upon or i connection with the premises and shall indemnify Lessors against ar liability or damages on such account. 7. USE. Lessee shall use and occupy the premises for tk purpose of conducting and carrying on the operation of a surfac parking lot and for no other purpose except as may be approved i writing by Lessors. Lessors agree not to be unreasonable i approving any new use that the Lessee proposes. 8. MAINTENANCE AND REPAIRS. Anything to the contrary, nc withstanding in this Lease, it shall be the obligation of tF Lessors to clear the property to the satisfaction of the Less€ prior to commencement of the Lease. Lessee shall construct on tk property a parking lot and shall be responsible for all costs i connection therewith. 5 e 0 ,. .. 9. END OF TERM: HOLDING OVER. 9.1 Surrender of Premises. Upon the expiration of th terms or upon its earlier termination for any reason whatsoever Lessee shall surrender and deliver up the premises and, unless directed otherwise by Lessors in writing, all improvements thereor except movable fixtures and personal property installed therein k Lessee or its subtenants, in good order, condition and repair excer for reasonable wear and tear and except for damage caused by fire c other casualty: provided, however, that if Lessee shall surrende and deliver up the premises and improvements to Lessors withou having repaired or restored any such damage done by fire or othe casualty, Lessee shall concurrently therewith assign to Lessors a1 of Lessee's right or claims to any insurance proceeds resulting frc such fire or other casualty and Lessee shall repair any damaq resulting from such fire or other casualty. Lessee shall repair ar damage resulting from the removal by Lessee, or any subtenant c Lessee, of any trade fixture or personal property not required to k so surrendered. 9.2 Holdinq Over. Upon the expiration of the terms should Lessee remain in possession of the premises with Lessors consent, expressed or implied, such holding over shall be deemed t have created only a tenancy from month to month, terminable k either party upon thirty (30) days' written notice to the other E a monthly rental equal to one hundred percent (100%) of the rer payable for the last full month of the term. 6 0 0 .. 10. OUIET ENJOYMENT. Upon payment by Lessee of the rent provided herein, and upon the observance and performance of all c the covenants, terms, and conditions on the party of Lessee to k performed hereunder, Lessors covenant and warrant that Lessee ma peaceably and quietly hold and enjoy the premises for the term. 11. TRANSFER OF LESSORS' INTEREST. In the event of ar transfer of Lessors' interest in the premises, the Lessors shall I: required to obtain the written consent of the purchaser to the tern and conditions of this contract. Lessors may not sell the propert unless such consent is obtained and the Lessee is notified i writing. 12. ATTORNEYS' FEES AND COSTS. If any action is necessary t enforce or interpret the terms of this lease, the prevailing part shall be entitled to reasonable attorney's fees, costs, in additic to such other relief which he or she may be entitled. 13. WAIVER. The waiver by either Lessors or Lessee of ar breach of any term, condition or covenant contained herein shall nc be deemed a waiver of such term, condition or covenant on ar subsequent breach of the same or any other term, condition c covenant contained herein. 14. NOTICES. All notices, demands or other writings to 1: made, given or sent hereunder, or which may be so given or made c sent by either Lessors or Lessee to the other, shall be deemed I have been given when in writing and personally delivered or, : mailed on the second (2nd) day after deposited in the United statt mail, certified or registered, postage prepaid, and addressed to tl respective parties at their addresses set forth below. Lessors ( 7 0 0 ,. *. .1 Lessee may from time to time, by written notice to the other party designate a different address which shall be substituted for the or specified herein. Lessors : Louise Williams, Conservator and Louise Williams Post Office Box 535 Carlsbad, California 92008 Lessee: The Housing and Redevelopment Commission City of Carlsbad 2075 Las Palmas Carlsbad, California 92009 15. EXHIBITS. All exhibits referred to in this lease ar attached hereto are hereby incorporated herein by reference and mal a part hereof as though herein set forth verbatim. 16. TIME OF ESSENCE. Time is hereby expressly declared to I: of the essence of this lease and of each and every term, covenar and condition hereof which relates to a date or period of time. 17. CONSTRUCTION. The language in all parts of this leas shall in all respects be construed as a whole, according to its faj meaning, and not strictly for or against either Lessors or Lessec The article headings in this lease are for convenience only and ai not to be construed as a part of the lease or in any way limiting ( amplifying the provisions hereof. 18. EFFECT OF INVALIDITY. If any term or provision of th: lease or the application thereof to any person or circumstanct shall, to any extent, be invalid or unenforceable, the remainder ( this lease, or the application of its term and provisions to persoi and circumstances other than those to which it has been held inval: or unenforceable shall not be affected thereby, and each term ai provision of this lease shall be valid and enforceable to tl fullest extent permitted by law. No acquisition by Lessors of a: 8 0 0 .j *. or any of the interest of Lessee in or to the premises or tk improvements, and no acquisition by Lessee of all or any interest c Lessors in or to the premises shall constitute or work a merger c the respective interest, unless expressly provided for. 19. SUCCESSORS AND ASSIGNS. This lease and the covenants ar conditions contained herein shall be binding and inure to tk benefit of and shall apply to the successors and assigns of Lessor and to the permitted successors and assigns of Lessee, and a1 references in this lease to "Lessee1* or 'tLessorsv' shall be deemed t refer to and include all permitted successors and assigns of SUC party. 20. CONSENTS. Except as expressly provided in this leas€ where the consent or approval of Lessors or Lessee is required j this lease, such consent or approval will not be unreasonabl withheld nor will the party giving such consent require the paymer of any consideration for the giving thereof. Lessors' request fc indemnity by Lessee and/or its successor as a condition to grantir such consent shall not be considered as requiring payment of ar consideration for purposes of this section. 21. ENTIRE AGREEMENT. This lease and the exhibits here1 contain the entire agreement of Lessors and Lessee with respect I the matters covered hereby, and no other agreement statement c promise made by either Lessors or Lessee, which is not contain( herein, shall be valid or binding. No prior agreemenl understanding or representation pertaining to any such matter shal be effective for any purpose. No provision of the lease may 1 amended or added to except by an agreement in writing signed I Lessors and Lessee. 9 e 0 .. *. ,, 22. NUMBER AND GENDER. Whenever the singular number is USE in this lease and when required by the context, the same shal include the plural, and the masculine gender shall include the feminine and neuter genders, and the word Igpersonr1 shall incluc corporation, firm or association. 23. OPTION TO PURCHASE. 23.1 Grant of Option. Provided that Lessee is not j default under the terms of this lease, Lessors grant to Lessee E option to purchase the real property which is described in thj lease as Exhibit A, and the terms and conditions set forth below. 23.2 Term of Option. The term of this option shal commence on the sixtieth (60th) day before the Lease term ends, c on the written notice by Lessors to Lessee of the death of Ms Minnie Carpenter. The Lessee shall have the discretion to exerciz the option on the death of Ms. Minnie Carpenter, but shall not k required to do so. In the event the Lessee fails to exercise tf option on the death of Ms. Minnie Carpenter then the term of thj option shall continue and shall expire (provided the notice has be€ sent) on the day the Lease term ends at 5:OO p.m. Lessors agree t give sixty (60) days written notice of the death of Ms. Minnj Carpenter to the Lessee. Lessors further agree to give sixty (6( days written notice to the Lessee sixty (60) days prior to the finz date for exercise of this option. The Lessors must give this notic in order for any option granted herein to expire. Notwithstandii anything in this Lease or Option to the contrary, this Lease sha: run a minimum of twelve (12) months before Lessee can exercise ai option to purchase the property herein. 10 e 0 .. ,. 23.3 Manner of Exercisins Option. Provided Lessee is nc in default under any term or provision of this lease, and thi option, the option may be exercised by Lessee delivering to Lessors before the expiration of the option term, written notice of SUC exercise (the exercise notice) which exercise notice shall stat that the option is exercised without condition or qualification. 23.4 Completion of Sale Upon Receipt by Lessors. Befoi the expiration of the option term of the exercise notice, tk parties agree that they shall, within ten (10) days, enter into z escrow agreement at Spring Mountain Escrow, 2725 Jefferson Street Suite 2B, Carlsbad, CA 92008, or such other escrow company as may I: acceptable to the parties. 23.5 Terms of the Sale. The purchase price for tl property pursuant to this option is Six Hundred Fifty Six Thousar Two Hundred Fifty Dollars ($656,250) payable in cash at close ( escrow. (a) Lessees shall make an original deposit wil escrow in the amount of Five Thousand Dollars ($5,000), the balanc of the purchase price shall be due at close of escrow. (b) Close of escrow shall be thirty (30) days aftc escrow is opened. (c) The parties agree to divide the costs of tl escrow equally. (d) Title shall vest in The Housing ai Redevelopment Commission of the City of Carlsbad. 11 0 0 .. -. ,I (e) Lessors shall, by grant deed, convey to Lesse a fee simple interest, free and clear of all title defects, liens encumbrances, deeds of trust and mortgages, except real propert assessments and any defects, liens, encumbrances, deeds oftrusts c mortgages created by Lessee after taking possession of the propert) Lessors shall pay all real estate taxes prorated to close of escrob (f) Lessors shall procure a California Land Tit1 Association standard policy of title insurance in the amount of Sj Hundred Fifty Six Thousand Two Hundred Fifty Dollars ($656,250) t be paid for by Lessors and to be issued by Chicago Title Compar showing title vested in Lessee. (9) Lessors shall pay all costs and expenses c clearing title, preparing, executing and acknowledging ar delivering the grant deed, the premium for the title insuranc policy and shall pay any transfer taxes. (h) Lessee shall pay all recording fees. (i) All notices and demands concerning this optic shall be given in writing by registered or certified mail, postac prepaid and return receipt requested. Notice shall be considert given when mailed. Notices shall be addressed as appears below fc each party, provided that if any party gives notice of a change ( name or address, notice is to the giver of that notice shall 1 given as demanded in that notice. To Lessors: Louise Williams, Conservator and Louise Williams Post Office Box 535 Carlsbad, California 92008 The Housing and Redevelopment Commission City of Carlsbad 2075 Las Palmas Carlsbad, California 92009 To Lessee: 12 e 0 e- +. ,. Lessors shall at all times keep on file with the Carlsbad City Cler the name of the person legally empowered to act on behalf c Lessors. If either Lessor is deceased, notice shall be given t Clement J. O'Neill, Esq. at 1350 Rosecrans Street, San Diego, C 92106. 24. REPRESENTATIONS AND WARRANTIES. Lessors warrants thz they are the owner of the property and have marketable and insurabl fee simple title to the property, free of restrictions, leases liens and other encumbrances. 25. OPTION TITLE INSURANCE. Lessors agree to obtain fc Lessee appropriate title insurance prior to the commencement of thj Lease, insuring title to the property which is the subject of thj Opt ion. 26. TIME OF THE ESSENCE. Time is of the essence of thj option agreement. If the option is not exercised in the mannc provided for in this option, before the expiration of the optic term, Lessee shall have no interest whatever in the property and tl option may not be revived by any subsequent payment or furthc action by Lessee. 27. ASSIGNMENT OF OPTION. Lessee may not assign this optic and the rights under it without the express written consent ( Lessors. Lessors agree not to unreasonably withhold said consenl 28. CONSENT OF SUPERIOR COURT. Lessors agree to obtain tl consent of the Superior Court in the Conservatorship of the Estal of Minnie Carpenter to this Lease and this Option and furnish Lessc with a copy of the court order approving same. 13 .' e e t. 29. RELOCATION. Lessors must relocate and pay for relocatic of any individuals living on the property at the time of tl- commencement of this Lease. Lessors shall indemnify Lessee from a1 claims and demands of anyone living on the property at tP commencement of the Lease term. IN WITNESS WHEREOF the parties have executed this Ground Leas and Option Agreement as of the date set forth above. LESSORS : Dated: /I-*- /(<- y& I 1990 - 4? HA& 1 4,k.e4&) d%&i.i Dated: 3-- /S"- 76 , 1990 ip7q5Zi&/ 4, L.&AL/L, 'LOUISE <dims I Conservatc Estate of Minnie Carpenter 1 /7 . L~UISE WILLIAMS LESSEE: CITY OF CARLSBAD HOUSING AND REDEVELOPMEI Dated: +, 2% I 1990 14 e e ..-. .% STATE OF CALIFORNIA 1 COUNTY OF SAN DIEGO 1 ) ss. - On L.1 Lb-kt Y- \I , 1990, before me, a Notary Public for the State of California, personally appeared LOUISE WILLIAMS known to me to be the person whose name is subscribed to the within instrument as Conservator, on behalf of the Estate of Minnie Carpenter, the conservatorship therein named and acknowledged that the conservatorship executed it. In witness whereof, I have hereunto set my hand and affixed my official seal the date and year first above written. r7 Notary Publyc in and for said County and State STATE OF CALIFORNIA 1 COUNTY OF SAN DIEGO 1 ) ss. “i I ’\ On \ \Y~WL(__SL \ \, , 1990, before me, a Notary Public for the Stqte of California, personally appeared LOUISE WILLIAMS known to meWo be the person whose name is subscribed to the within instrument, and she acknowledged that she executed the same. In witness whereof, I have hereunto set my hand and affixed my official seal the date and year first above written. .c.-%2=--&-3,~m Notary Publac in and for said County and State 15 * e *. EXHIBIT A The real property located at 2970-76, 2992 Roosevelt Street, 630-3; Elm Avenue, Carlsbad, California, more particularly described as follows : Lots 1 through 5, Block 38, Town of Carlsbad amended, Map 775. Tax Parcel No. 203-304-9 and 203-304-20 mITE IT- DON’T SAY@! Date 6/26 To Bibi L. 0 Reply Wanted From Karen K. UNO Reply Necessary Re: Ground Lease and Option Agreement - N/E Corner of Roosevelt and Carlsbad Village Dr. Enclosed for your records is a copy of the above-referenced lease/option agreement. Please note that Page 4 still contains two blanks. These blanks will remain on the orignal document until we are given the correct dates either from your office or from Marty 0. Thanks for your help and call with any questions or info. fL AIGNER FORM NO. 55-032 PRlN