Town of Yountville
Resolution Number 26-4413
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF YOUNTVILLE
APPROVING THE ASSIGNMENT OF THE HOTEL YOUNTVILLE WORKFORCE
HOUSING AGREEMENT BY AND BETWEEN THE TOWN AND ASHFORD
YOUNTVILLE II LP TO YNTV PROPERTY, LLC AND AUTHORIZING THE INTERIM
TOWN MANAGER TO EXECUTE ESTOPPEL CERTIFICATE AND TOWN CONSENT FORM FOR SAME.
Recitals
A. On March 28, 2006, the Town Council of the Town of Yountville (“Town”) adopted Resolution No. 2448-06, approving and entering into a Workforce Housing Agreement (the “Agreement”) with Gateway Mobilehome Park, LLC. This Agreement was recorded on May 3, 2006, as Instrument No. 2006-0015542 in the Official Records of Napa County, California.
B. On or about May 11, 2017, the Agreement was assigned by Gateway Mobilehome Park, LLC to Ashford Yountville II LP. This Assignment of Workforce Housing Agreement was recorded on May 17, 2017, as Instrument No. 2017-0011400 in the Official Records of Napa County.
C. Section 19 of the Agreement requires Ashford Yountville II LP to obtain prior written approval from the Town before it may assign the Agreement or any of its obligations thereunder.
D. In connection with the anticipated sale of the Hotel Yountville by Ashford Yountville II LP to YNTV Property, LLC (an affiliate of KSL Capital Partners, LLC), Ashford Yountville II LP has requested that the Town consent to assignment of the Agreement to YNTV Property, LLC and that the Town provide an estoppel certificate confirming Ashford Yountville II LP’s current standing under the Agreement.
E. The Town has reviewed the proposed Assignment of Workforce Housing Agreement and attached Town Consent, attached hereto as Exhibit “A” and incorporated herein by reference, and the proposed Estoppel Certificate, attached hereto as Exhibit “B” and incorporated herein by reference, and desires to execute both.
NOW, THEREFORE, the Town Council of the Town of Yountville, California, does hereby resolve as follows:
1. The recitals set forth above are true and correct.
2. The Town Council hereby consents to and approves the Assignment of Workforce Housing Agreement, assigning the Agreement from Ashford Yountville II LP to YNTV Property, LLC, as set forth in Exhibit “A”. The Interim Town Manager is hereby authorized and directed to execute and deliver the Town Consent attached to the Assignment of Workforce Housing Agreement, in substantially the form set forth in Exhibit “A” and take all reasonable steps necessary to effectuate the assignment on behalf of the Town.
3. The Town Council hereby approves of the Estoppel Certificate as set forth in Exhibit “B.” The Interim Town Manager is hereby authorized and directed to execute and deliver the Estoppel Certificate in substantially the form set forth in Exhibit “B” and take all reasonable steps necessary to effectuate the Estoppel Certificate on behalf of the Town.
4. The Interim Town Manager is hereby authorized and directed to execute and deliver such other documents, certificates, and instruments as may be necessary or desirable to carry out and comply with the intent of this Resolution.
5. This Resolution is hereby adopted and becomes effective and in full force immediately upon adoption, provided that the Town’s approval and authorization of the Assignment of Workforce Housing Agreement and Estoppel Certificate shall have no effect unless and until the consummation and closing of the purchase and acquisition of Hotel Yountville by YNTV Property, LLC has occurred and the transaction is complete.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Yountville, State of California, held on this 19th day of May 2026 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
__________________________
Margie Mohler, Mayor
ATTEST:
__________________________
Hilary Gaede, Communications Director/Town Clerk