CITY OF RIVERSIDE GROUND LEASE
Lot 38 — 4250 Market Street]
16th March
On this — qdayof - , 2021, the CITY OF RIVERSIDE, a California charter city and municipal corporatio (" City" or " Lessee"), MARKET STREET PROPERTIES I, LLC, a California limited liability company, hereinafter referred to as " Lessor", mutually agree as follows:
RECITALS
A. On April 25, 1996, the Redevelopment Agency of the City of Riverside and Lessor entered into the Ground Lease and Option to Purchase for the property located at 4150 Market Street, Riverside, CA 92501;
B. On or around April 1, 2003 the Ground Lease was extended for an additional seventeen years to expire on March 15, 2021;
C. The Premises has been maintained asa public parking lot known as Lot 38.
D. Lessor and the City of Riverside desire to enter into a new leasefor the Premises, while the parties discussthe possibility of a saleof the Premises.
NOW, THEREFORE, incorporating the recitals set out above, the parties hereto mutually agreeto the following:
1) PROPERTY LEASED. Lessorhereby leasesto City the real property, located in the City of Riverside at 4150 market Street, Riverside, CA 92501 (" Premises") as more specifically designated Exhibit " A" attached hereto and incorporated herein. The Premises includes all easements, rights- of-way and appurtenancesassociatedwith the Premises. 2) PURPOSE. City presently usesthe Premisesfor the maintenance and operation of a public parking lot.
3) TERM. This Lease agreement shall be for one year commencing on March 16, 2021 unless otherwise terminated in accordance with the terms herein. The term may be extended by mutual written agreementof the parties or by operation of section 5 herein. 4) RENT. Commencing with the rental payment due April 1, 2021, City shall pay Lessor a rental of Six Thousand Eight Hundred Fifteen Dollars ($ 6,815.00) per month. Commencing with the rental payment due on April 1, 2022, and annually thereafter, the monthly rental amount shall be increasedby two percent.
For the period of March 16, 2021 through March 31, 2021, the rental payment shall be prorated according to the above monthly amount.
Themonthly rental shallbe payablein advanceon or beforethe first (1st) day of each month, andshallbepaidby checkmadepayableto the "MarketStreetPropertiesI, LLC" andsent to the address listed in section 15 of this Lease. No successor to Lessor' s interest shall be entitled to receiverentpaymentsuntil City shallhavebeenfurnishedwith (i) alettersignedby thegrantor of such interested setting for the name and addressof the person entitled to receive such rent and ii) acopyof thedeedor otherinstrumentby which suchinterestpassed. 5) SURRENDER OF PREMISES / HOLDOVER. Subject to the following paragrap the expiration of the Term or earlier termination of this Lease, Lessee shall surrender posse sion to thePremisesandall improvements, exceptingfixtures, locatedthereonanddeliver the sameto Lessor in good order, broom clean, condition, and state of repair, ordinary wear and tear, aging, and obsolescence excepted. In the event the Premises is not vacated and this Lease is not otherwise extendedby written agreement, thetenancyshallcontinueon amonth-to-monthbasisatthesame monthly rentalrateasprovidedin section4 hereof.
6) REQUIRED IMPROVEMENTS. City shall be solely responsible for the operation and maintenanceof any necessaryimprovementsand fixtures for the parking lot. City is hereby entitledto takeanynecessarystepsto improveandmaintaintheexistingparkinglot improvements andfixtures, including but not limited to sign installation, equipmentreplacement, andpavement maintenance.
7) IMPROVEMENTS BY LESSEE. Lesseemay make additional improvements to the Premisesasmay be appropriatesubjectto the prior written approvalof the Lessor. Lesseeshall submit plans and specifications for such improvements to Lessor and obtain written approval therefor prior to commencement of construction.
8) OWNERSHIP OF IMPROVEMENTS. Any improvementsinstalled upon the Premises by Lesseeashereinaboveprovidedshallbecomethe absolutepropertyof Lessorandtitle shall automaticallyvestin Lessorwithout paymentthereforby Lessorupontheexpirationof thisLease or upon the earlier termination of this Lease as hereinafter provided, except that any fixtures installed by Lessee shall remain Lessee's personal property whether or not attached to the Premises. Lesseemayremoveanyof suchitemsfrom thePremisesat anytime duringtheterm of this Lease but shall not be obligated to do so. If such fixtures or equipment are not removed within ten (10) daysfollowing theexpirationor terminationof this Lease, theyshallbedeemedabandoned andLessormaydisposeof suchfixturesandequipmentasit desiredwithout anyliability to Lessee. 9) DAMAGE OR DESTRUCTION. Lessee shall be responsible for any damages or destruction to the Premisesresulting from acts or omissions of Lessee or the employees, agents, invitees or guests of Lessee, and shall repair or compensate Lessor for such damages or destruction. 10) MAINTENANCE AND LESSOR' S RIGHT TO INSPECT. Lessee agrees at Lessee' s own expenseto maintain and keep the entire Premisesand all improvements located thereon or therein, in a goodcondition andrepair, andto keepthe Premises, in an attractive, neat, cleanand orderly condition. This includes, but is not limited to, any refuseor wastematerialswhich might be or constitute a fire hazard or a public or private nuisance; and the disposal in a safe and proper 2 manner, and in accordancewith any applicable law, ordinance, statute, rule or regulation, of any industrial or hazardouswasteincluding engineoil, paint andotherwasteplacedupon thePremises following the commencement of this Lease.
Lessor, through its duly authorizedrepresentatives, may enterupon the Premisesduring regular business hours for the purpose of inspecting any or all of said Premises and the improvements and facilities thereon.
11) MECHANICS' LIENS AND PAYMENT BONDS. Lessee agreesto keep the Premises free from any andall claims of personsor firms or corporations, who at therequestof Lesseeor Lessee' s contractor, furnish labor or materials to or for the benefit of the leased Premises. Lessee further agreesto indemnify andhold Lessorharmlessfrom any and all suchclaims. 12) UTILITIES AND SERVICES. Lessee shall be responsible for the installation of any necessaryutilities for the Premises, includingthe installationof separatemeterstherefor, if such utilities havenot beenpreviously installed. Lesseeshallpay for sewer, gas, water, electricity and otherutilities suppliedto and usedon the Premisesduring the term of this Lease, and shall hold Lessor harmless therefrom.
13) HAZARDOUS MATERIALS. As used in this paragraph, the term " hazardous material" shallmeananyhazardousor toxic substance, materialor wastethat is or becomesregulatedby the United States, the State of California or any local government authority having jurisdiction over the Premises. Hazardous material includes:
a. Any " hazardous substance," as that term is defined in the Comprehensive Environment Response, Compensation, and Liability Act of 1980 (CERCLA) ( 42 United States Code Sections 9601- 9675);
b. " Hazardous waste," as that term is defined in the Resource Conservation and Recovery Act of 1976 ( RCRA) ( 42 United States Code Sections 6901- 6992k); c. Any pollutant, contaminate, or hazardous, dangerous, or toxic chemical, material, or substance, within the meaning of any other applicable federal, state, or local law, regulation, ordinance, or requirement (including consent decreesand administrative orders imposing liability or standardsof conduct concerning any hazardous, dangerousor toxic waste, substance, or material, now or hereafter in effect); d. Petroleum products;
e. Radioactive material, including any source, special nuclear, or by-product material as defined in 42 United StatesCode Sections 2011-2297g-4;
f. Asbestos in any form or condition; and,
g. Polychlorinatedbiphenyls (PCBs) andsubstancesor compoundscontainingPCBs.
Lesseeshallat all times observeandsatisfytherequirementsof, andmaintainthePremises includingtheuseanddisposalof all hazardousmaterialin compliancewith all federal, stateand local environmental protection, occupational, health and safety and similar laws, ordinances, restrictions, licensesand regulations, including but not limited to, the FederalWater Pollution Control Act ( 33 U. S.C. Section 1251 et seq.), ResourceConservationandRecoveryAct (42 U.S.C.
Section 6901 et seq.), Safe Drinking Water Act ( 42 U.S.C. Section 300(f) et seq.), Toxic SubstancesControl Act ( 15 U. S.C. Section 2601 et seq.), Clean Air Act ( 42 U. S. C. Section 7401 et seq.), ComprehensiveEnvironmental Response, Compensation and Liability Act ( 42 U.S.C.
Section 9601 et seq.), California HealthandSafetyCode (Section25100et seq., Section25300et seq., Section 39000 et seq.), California Water Code (Section 13000 et seq.) and the Environmental ResponsibilityAcceptanceAct (California Civil CodeSection850et seq.).
If, during the term of this Lease, Lesseebecomesawareof (a) any actual or threatened releaseof anyhazardousmaterialon, under, oraboutthePremisesor (b) anyinquiry, investigation, proceeding, or claim by any governmental agency or other person regarding the presence of hazardous material on, under or about the Premises, Lessee shall give Lessor written notice of the releaseor investigation within five ( 5) days after learning of it and shall simultaneously furnish to Lessorcopiesof anyclaims, noticesof violation, reports, or otherwritings receivedby Lesseethat concern the release or investigation.
LesseeherebyindemnifiesLessorandagreesto defendandhold Lessorharmlessfor any lossincurredby or liability imposedonLessorby reasonof Lessee'sfailureto performor observe anyof itsobligationsoragreementsunderthisagreement, includingbutnotlimitedto anydamage, liability, fine, penalty, punitive damage, costor expense (includingwithout limitation all cleanup andremovalcostsand expenses) arising from or out of any claim, action, suit or proceedingfor personal injury ( including sickness, diseaseor death), tangible or intangible property damage, compensation for lost wages, business income, profits, or other economic loss, damage to the natural resources or the environment, nuisance, pollution, contamination, leak, spill, release or other adverse effect on the environment.
If thepresenceof anyhazardousmaterialbroughtonto thePremisesby Lesseeor Lessee's employees, agents, contractors or invitees results in contamination of the Premises, Lessee shall promptly take all necessary and appropriate actions, at Lessee's sole expense, to return the Premises to the condition that existed before the introduction of such hazardous material and Lessorshall in no eventbe liable or responsiblefor any costsor expensesincurred in doing so.
Lessee shall first obtain Lessor' s approval of the proposed remedial action. This provision does not limit the indemnification obligations set forth above. 14) PERMITS/ LICENSES. Lesseeshall be responsible for obtaining all AQMD, health and safety, Federal, State, CountyandCity licensesandpermitsbeforeoccupyingthePremises. 4 15) NOTICES AND COMMUNICATIONS. Except for the payment of rent as herein above provided, all notices, requests, consents, approvals or other communications between the parties in connectionwith this Leaseshall bein writing andpersonally delivered or mailed to the recipient partyby certifiedmail at its lastknown addressasfollows:
City
City of Riverside
Public Works Department
3900 Main Street, 0' Floor
Riverside, CA 92522
Lessee
Market Street Properties I, LLC
6265 Tecate Dr.
Riverside, CA 92506- 4537
The partiesmay, from time to time, changetheir respectiveaddressesfor the purposeof this paragraphby sendingnotice of suchchangeto the otherasprovidedherein.
Any notice given pursuant to this paragraph shall be deemed served when personally served or when placed in the U. S. mails with postage prepaid and addressed to the recipient at the recipient' s latest known address.
16) PAYMENT OF TAXES. During the term of this Lease, Lessorshallpay or causeto be paid all taxes levied against Lessor' s or Lessee' s interest in the Premises and the improvements thereon, including property taxes and special improvement taxes or assessmentsprior to delinquency. Payment of taxes shall be made directly to the taxing authority. Lessor shall take appropriate action to ensure bills or invoices for taxes are forwarded by the taxing authority to Lessor. In the event, Lesseereceivesa copy of abill or invoice for taxes, it shall forward suchbill or invoice to Lessor upon receipt.
17) INDEMNIFICATION. Lessor shall not be responsible or liable for and Lessee agrees to indemnify and defendLessorfrom all claims, damages, expenses, liabilities andjudgmentsfor injury to persons, lossof life or damageto property occurring on the Premisesandon the portion of the streetsand sidewalks adjacent thereto or arising from or connected with the use, non-use, condition or occupation of the Premises, and the streets and sidewalks adjacent thereto, which occurrences are not caused by the negligence of the Lessor. Lessor and Lessee shall promptly notify the otherparty of any assertedclaim with respectto which suchparty may be indemnified against hereunder and shall deliver to such other party copies of all process and pleadings pertaining thereto.
The indemnity provisions of this section shall not apply to damage or destruction of property which is owned by Lessor or Lessee, and as to such property, each party waives and releasesanyclaim or causeof actionagainsttheotherpartyfor suchdamageor destructionexpect asspecifically provided in the Sectionentitled "Damageor Destruction," it being agreedthat each party shall provide its own insuranceor shall assumethe risk of suchdamageor destructioneven though such damageor destruction is solely causedby the fault or neglect of the other party. 5 18) INSURANCE. Lessee agreesto maintain or cause to be maintained liability insurance againstclaimsfor bodily injury, lossof life or propertydamageoccurringonthePremisesandon the portion of the streetsand sidewalks adjacenttheretowith bodily injury, loss of life andproperty damage coverage in a combined single limit of not less than Two Million Dollars ($ 2, 000, 000) for totalclaimsoranyoneoccurrence. Suchinsurancemaybein theformof blanketliability coverage applicableto the Premisesand other property owned or operatedby Lessee. Lessor shall be included as an additional named insured on said policies.
Lesseeis a public entity, and so Lesseeshall have the right to satisfy its insurance obligationshereunderby meansof self-insurance, asa part of any self-insuranceplan in which Lesseemay be a participant. If Lessee utilizes self- insurance, Lessee will provide Lessor with evidenceof suchcoverageanda descriptionof anyplan of self-insurancebeing used. 19) RELEASE. Lessor shall not be responsiblefor theft, loss, injury, damageor destruction of anypersonalpropertyonthePremises, or accidentor injury to Lessee, its officers, employees, agents or invitees. Lesseehereby releasesand dischargesLessor from any and all claims and demands of Lessee for loss or of damage to Lessee's property or injury to Lessee or Lessee's officers, employees, agents and invitees.
20) ASSIGNMENT AND SUBLETTING. Lessee may sublet the Premises or any portion thereofor assignthis Leasefor any lawful purpose. In the eventof suchassignment, Lesseeshall remain liable to Lessor as a primary obliger hereunder for the performance of all the terms, conditions and provisions of this Leaseto be performed by Lessee. In the event Lessor shall sell, convey, transfer exchangethe Premises, Lesseeagreesto recognize and attorn to the purchaseror transferee as the Lessor hereunder and such purchaser or transferee shall accept Lessee' s attornment and shall thereafter perform and cause to be performed all obligations of Lessor hereunderboth asto the Premisesandasto Lessor's underlying property andLessorshall be and is herebyrelievedandreleasedfrom anyliability underanyandall of its covenantsandobligations pertaining to the Premiseswhich arise out of any act, occurrence or event arising after such sale, conveyance, transfer or exchange. Lessor shall remain liable for all obligations accrued prior to such sale, conveyance, transfer or exchange.
21) DEFAULT; REMEDIES.
a) Default. The occurrenceof any one or more of the following eventsshall constitute an event of default (" Event of Default") under this Lease:
1) Lesseeshall fail to pay any rent or other sum of money to Lessor when the same is due, and such failure continues for ten ( 10) days after Lessor hasgiven Lesseewritten notice specifying the amount due; provided that a ten percent ( 10%) late charge shall be assessedandpaid by Lesseefor any suchamountor paymentthat is not paid when due after Lessorhas given two ( 2) such notices in the same calendar year.
2) The failure by Lessee to observe or perform any non -monetary covenants, conditions or provisions of this Lease to be observed or D
performed by Lessee. If Lesseedoesnot fully cure any suchnon -monetary default within thirty ( 30) days after Lesseehasbeen servedwith a notice of such default, this Lease shall be terminable at Lessor' s option; provided, however, that if the nature of Lessee's default is suchthat more than thirty days arereasonably required for its cure, then Lessor shall not be entitled to terminate this Lease on account of such default if Lessee commences such cure within said thirty day period and thereafter diligently prosecutessuch cure to completion.
b) Remedies.
1) In addition to all other rights and remedies it might have, Lessor shall have the right to terminate this Lease and Lessee' s right to possession of the leased Premises in the event of any default is not fully cured within the cure period designated above for such default. Termination of Lessee' s right to possession of the Premises shall terminate this Lease and vice versa. However, if Lessee has abandoned or vacated the Premises, the mere taking of possession of same by Lessor in order to perform acts of maintenance or preservation or to attempt to re - let the Premises, or the appointment of a receiver in order to protect Lessor' s interests under this Lease, shall not be deemed a termination of Lessee' s right to possession of the Premises or a termination of this Lease unless Lessor has notified Lesseein writing that the Leaseis terminated. The notification provided for herein for curable defaults shall be in lieu of, and not in addition to, any notice required under Section 1161, et seq., of the California Code of Civil Procedure. If Lessor terminates this Lease and Lessee' s right to possession of the Premises pursuant to this paragraph, Lessormay recoverthe following from Lessee:
i) the worth at the time of award of the unpaid rent which was due, owing and unpaid by Lesseeto Lessor at the time of termination; plus ii) the worth at the time of award of the amount by which the unpaid rent which would have come due after termination until the time of award exceeds the amount of rental loss that Lessee proves could have been reasonably avoided; plus
iii) the worth at the time of award of the amount by which the unpaid rent for the balance of the lease term after the time of award exceeds the amount of rental loss which Lesseeproves could be reasonably avoided; plus iv) all other amounts necessary to compensate Lessor for all of the detriment proximately causedby Lessee's failure to perform its obligations under this Leaseor which in the ordinary courseof things arelikely to result therefrom.
7 v) At Lessor' s election, such other amounts in addition to, or in lieu of the foregoing, asmay bepermittedfrom time to time by applicableCalifornia law.
2) Upon termination of this Lease, whether by lapse of time or otherwise, Lessee shall immediately vacate the Premises and deliver possessionthereof to Lessor.
3) If Lesseeviolates any of the terms or provisions of this Leaseor defaults in any of its obligations hereunder, other than the payment of rent or other sums payablehereunder, suchviolation may berestrainedor suchobligation enforcedby injunction.
4) Pursuit of any of the foregoing remediesshall not preclude pursuit of any of the other remediesherein provided or any other remediesprovided at law or in equity.
5) No act or thing doneby Lessoror its agentsduring the term hereofshall be deemed an acceptance or a surrender of the Premises, and no agreement to accept a surrender of the Premisesshall be valid unless made in writing and signed by Lessor. Neither the reference in this Lease to any particular remedy nor the pursuit of anyparticular remedy shall preclude Lessor from any other remedy Lessormight have, either at law or in equity.
22) ABANDONMENT. If Lesseeshall abandonthe Premisesat any time during the term of this Lease or be dispossessedtherefrom by process of law or otherwise, any personal property belonging to Lessee and left on the Premises thirty ( 30) days after such abandonment or dispossession shall be deemed to have been transferred to Lessor, and Lessor shall have the right to remove and to dispose of the samewithout liability to account to lesseeor to any person claiming under Lessee.
23) TERMINATION BY LESSEE. If any law or ordinance should comeinto effect during the term of this Lease, the terms of which so restrict the use to which the Premises can be put so that the Lesseeis unable to usethe Premisesin the manner contemplated herein, then Lesseemay, upon thirty ( 30) days' written notice to City, terminate this Lease. 24) WAIVER OF DEFAULT. Acceptance by either party of performance following a default will not be deemed a waiver of such default. No waiver of a default will constitute a waiver of any other default.
25) EMINENT DOMAIN. In the event all or any part of the Premises is taken or damaged by the exerciseof thepower of eminentdomain, all compensationanddamagespayableby reason of the condemnation of Lessor' s interest shall be payable to Lessor and all damages awarded as a result of a taking of any improvements madeby Lesseeto the Premises, as a result of or the loss of use of same, shall belong to Lessee. In addition, Lessee shall have the right to claim, prove, collect and retain any damagesawarded for relocation costsand the value of Lessee's leasehold estate, orforanyotherdamagescompensableundertheapplicablelawsofthejurisdictioninwhich the Premises is located.
26) VENUE. Any actionatlaworin equitybroughtby eitherpartyheretofor thepurposeof enforcingarightprovidedforbythisLeaseshallbetriedin acourtof competentjurisdictionin theCountyof Riverside, California, andthepartiesherebywaiveall provisionsof lawproviding for a change of venue in such proceedings to any other county. 27) PROVISIONS BINDING ON SUCCESSORS. Each and all of the covenants, conditions and agreements herein contained shall, in accordance with the context, inure to the benefit of and bebindinguponthepartieshereto, andthesuccessorsin interest, agentsandassignsof suchparties, oranypersonwhomaycomeintopossessionoroccupancyof thePremises, or anypartthereof, in anymannerwhatsoever. Nothingin thisparagraphshallin anyway altertheprovisionsin this Lease against assignment or subletting or other transfers. 28) PARTIAL INVALIDITY. If anyterm, covenant, conditionor provisionof thisLeaseis heldby acourtof competentjurisdiction to beinvalid, void or unenforceable, theremainderof the provisions hereof shall remain in full force andeffect andshall in no way be affected, impaired or invalidated thereby.
29) MARGINAL CAPTIONS. The various headings and numbers herein and the groupings of the provisions of this Lease into separate sections and paragraphs are for the purpose of convenienceonly, andshall not be considereda part hereof. 30) INTEGRATION/ AMENDMENT. Except asexpresslyprovided elsewherein this Lease, this Leaseis andshallbe consideredto betheonly agreementor understandingbetweentheparties regardingthe leasingof the Premises. All negotiationsandoral agreementsacceptableto both partieshavebeenincorporatedherein. It may not be amendedor modified by any act or conduct of the parties or by oral agreement, unless reduced to writing and properly executed.
Signatures on following page.]
E
IN WITNESS WHEREOF the parties hereto have causedthis Leaseto be executedthe day and year first above written.
CITY OF RIVERSIDE, a
California charter city and municipal
corporation
ATTEST
APPROVED AS TO FORM:
B
Deputy City Attorney
J c4M IA. 5ti6s-p,
10 MARKET STREET PROPERTIES I, LLC,
a California limited liability company
4Z? A
r
By: _
Name:
Title:
Exhibit " A"
Legal Description
EXHIBIT " A"
LEGAL DESCRIPTION
Project: Parking Lot 38
APN: 215- 252- 018
That certain real property located in the City of Riverside, County of Riverside, State of California, described as follows:
PARCEL 1
That portion of Block 11, Range 7 of the Town of Riverside, as shown by map on file in Book 7,
BEGINNING at the Southwest corner of said Block 11, Range 7; Thence Northerly along the Easterly line of Market Street, 100 feet; Thence Easterly, parallel with the Northerly line of Twelfth Street, 155.56 feet to a point on the Westerly line of a 20 -foot Alley;
Thence Southerly along the Westerly line of said Alley, 100 feet to a point on said Northerly line of Twelfth Street;
Thence Westerly along said Northerly line of Twelfth Street, 155.57 feet to the POINT OF BEGINNING.
Said property is also shown on Record of Survey on file in Book 10, Page 70 of Records of Survey, Records of Riverside, California.
TOGETHER WITH that portion of the West half of that certain Alley adjoining said land on the Southeast located within Block 11, Range 7 of the Town of Riverside, as vacated and closed to public use by Resolution No. 19238, Recorded January 6, 2000 as Instrument No. 2000-006181 of Official Records of Riverside County, California.
SUBJECT TO an Easement for Street and Highway purposes in favor of the City of Riverside per Grant of Easement recorded December 10, 1998 as Instrument No. 537133 of Official Records of Riverside County, California.
PARCEL 2
That portion of Block 11, Range 7 of the Town of Riverside, as shown by map on file in Book 7,
BEGINNING at a point on the Westerly line of said Block 11, Range 7, 100 feet Northerly from the Southwest corner of said Block 11, said point being also the Northwesterly corner of that Lot 38 legal. doc
certain parcel of land conveyed to Blanche M. Walker and Myrl R. Miller, by deed recorded June 17, 1935 in Book 236, Page 252 of Official Records of Riverside County, California; Thence Northerly along the Easterly line of Market Street, 130.60 feet, more or less, to a point 100 feet Southerly from the Northwesterly corner of said Block 11, Range 7, said point also being the Southwesterly corner of that certain parcel of land conveyed to William M. True and Sara T. Morgan, by deed recorded June 22, 1935 in Book 233, Page 540 of Official Records of Riverside County, California;
Thence Southeasterly along the Southwesterly line of said parcel of land, 155.53 feet to a point on the Northwesterly line of an Alley;
Thence Southwesterly along the said Northwesterly line of Alley, 130.59 feet, more or less, to the Northeasterly corner of said parcel of land conveyed to Blanche M. Walker and Myrl R.
Miller;
Thence Northwesterly along the Northeasterly line of said parcel of land, 155. 56 feet to the POINT OF BEGINNING.
Said property is also shown on Record of Survey on file in Book 10, Page 70 of Records of Survey, Records of Riverside, California.
TOGETHER WITH that portion of the West half of that certain Alley adjoining said land on the Southeast located within Block 11, Range 7 of the Town of Riverside, as vacated and closed to public use by Resolution No. 19238, Recorded January 6, 2000 as Instrument No. 2000-006181 of Official Records of Riverside County, California.
This description was prepared by me or under my direction in conformance with the requirements of the Land Surveyors Act.
Prep.
Curtis C. Stephens, L. S. 7519 Date
Lot 38 legal. doc
7519
k LrS_
OQ
LAND S!, CID
C. Sp G.
c
J F O
7519
kLrS_
OQ
4gS `
SS
s
R tiT
co
TOWN OF RIVERSIDE
1s M.B. 7/ 17 S.B. CO.
Aj.
ti A
fo
BLOCK 11 / GRANGE 7,
PARCEL 2
4 g
q&
9S
PARCEL 1
l
sj•
0/
199Y '. g / C'
CITY OF RIVERSIDE, CALIFORNIA
ATI' ACHED DOCUMENT.
Y
IT IS NOT
AN AID IN
AAPARTNOFTHE
RIITTENCATIG
THE ,
DESCRIRIPTION
BED IN
I SHEET 1 OF 1
I I
I SCALE: 1'- 50'
1DRAWN BY. CURT DATE 4/ 27/ 21
1SUBJECT: LOT 38 - APN. 215- 252- 018
1 DEPARTMENT HEAD APPROVAL FORM
Contracts/ Agreements
DATE: June 14, 2021
ARTIES: Market Street Properties I, LLC
ROJECT DESCRIPTION: Ground Lease Agreement for Public Parking Lot 38 COPE OF CONTRACT/ SERVICE: Lease Agreement
F AN AMENDMENT, REASON FOR AMENDMENT ( e. g., more time needed, additional cope added, extension permitted from original contract, etc.):
DEPARTMENT: C& ED
iUDGET ACCOUNT ( GL ey a d j c : 4150000- 423200, 4150000- 424130.
EPT. HEAD APPROVAL: c
CIO APPROVAL*:
N/ A: NEMS, grants, deeds, Property/ Easement Purchase/ Sale agreements, Disposition/ Development agreements)
ROCUREMENT:
erification that procurement of goods, services, construction, etc., was done in onjunction with the City' s purchasing policies and procedure:
Formal Procurement ( Bid #, RFP #, panel, etc.):
Informal Procurement ( Three quotes, single/ sole source, under non - bidding threshold, etc.):
Emergency Procurement ( date, event, etc.):
Requisition Number:
X) Date Approved by City Council/ Board:
Purchasing Division Validation:
PLEASERETURNTO: City Clerk' s Office, Ext. 4276
r.\ deptcommon\ masters\ agreements\ Dept Head Approval Slip -Rev. 3-4-21 Date:
CITY COUNCIL
MINUTES
TUESDAY, JULY 20, 2021, 1 P. M.
PUBLIC COMMENT IN PERSON/ TELEPHONE
City ?fArts &.Innovation ART PICK COUNCIL CHAMBER
3900 MAIN STREET
I. EASE AGREEMENT - PARKING SPACES - LOT 38 - 4150 MARKET Ihe City Council ( 1) approved a Lease Agreement with Market Street Properties I, LLC for a one- year term for approximately 86 parking spaces located at 4150 Market Street, known as Parking Lot 38 and identified as Assessor's Parcel Number 215-252-018 Property), with a total lease value of $ 81,870; and ( 2) authorized the City Manager, or his designee, to execute the Lease Agreement, along with making minor and non- ubstantive changes, and to sign all documents and instruments necessary to complete he transaction.
GREEMENT - AUTOMATION OF FINANCIAL REPORTS
1he City Council ( 1) approved Professional Consultant Services Agreement ( Technology ervices) to Lance, Soil, Lunghard, LLP, for CaseWare financial reporting software solution, i i the amount of $ 312, 924 plus a 15 percent contingency in the amount of $ 46, 938, for a iotal of $ 359, 862 for the initial term through December 31, 2024, with the option to extend for two additional one- year terms; ( 2) authorized the City Manager, or designee, to execute all term extensions in the total amount of $ 78,945 plus a 15 percent contingency i the amount of $ 11, 842 for a total of $ 90,787; and ( 3) authorized the City Manager, or tesignee, to execute the Professional Consultant Services Agreement with Lance, Soil & I unghard, LLP, and any other documents necessary to effectuate the agreement, icluding making minor non - substantive changes.
DISCAL YEAR 2021- 2022 - 2003 GENERAL OBLIGATION BONDS - RESOLUTIONS he City Council ( 1) adopted a Resolution authorizing the City of Riverside to ascertain ind fix the amount of property tax revenue necessary to support the debt service requirements for Fiscal Year 2021/ 22 for the City of Riverside Election of 2003 General obligation Bonds, Series 2004 ( Fire Bonds); and ( 2) adopt a Resolution authorizing the City c)f Riverside to fix the rate of property taxes to be levied for debt service requirements for F=iscal Year 2021/ 22 for the City of Riverside election of 2003 General Obligation Bonds, eries 2004 ( Fire Bonds); whereupon, the titles having been read and further readings waived, Resolution No. 23741 of the City Council of the City of Riverside, California, Ascertaining and Fixingthe Amount of Revenue from Property Taxes Necessary to Support the Debt Service Requirements of the City of Riverside for Fiscal Year 2021-2022 for the ity of Riverside Election of 2003 General Obligation Bonds, Series 2004; and Resolution No.23742 of the City Council of the City of Riverside, California, Fixing the Rate of Property faxes to be Levied for Debt Service Requirements of the City of Riverside for Fiscal Year 107- 28