City of Culver City, California
Agenda Item Report
Meeting Date: 04/21/2014 Item Number: PH-1
SUCCESSOR AGENCY AGENDA ITEM: PUBLIC HEARING - Adoption of a
Resolution Approving and Recommending that the Oversight Board Approve (1)
the Sale and Transfer of Real Property at 9300 Culver Boulevard to
Combined/Hudson 9300 Culver LLC (Developer) in Accordance with the Terms of
the DDA Between the Developer and the City of Culver City Pursuant to the State
Department of Finance Approved Long Range Property Management Plan, (2) the
Related Grant Deed, (3) the Successor Agency’s Remittance of the Net Purchase
Price Proceeds Received by the Successor Agency after Close of Escrow to the
Los Angeles County Auditor-Controller for Distribution to Taxing Entities, and (4)
Related Actions.
Contact Person/Dept.: Glenn Heald
Todd Tipton / CDD
Phone Number: 310-253-5752
310-253-5783
Fiscal Impact: Yes [] No [X]
Public Hearing: [X] Action Item: [] Attachments: [X]
Public Notification: (E-Mail) Meetings and Agendas –Successor Agency (04/17/2014);
Published in the Culver City News (04/10/2014).
Departmental Approval:
Sol Blumenfeld: (04/17/14)
Successor Agency General Counsel:
Carol Schwab (by H. Baker) (04/17/14)
Successor Agency Special Counsel Approval:
Murray Kane (04/17/14)
Chief Financial Officer Approval:
Jeff Muir (by M. Noller) (04/17/14)
Executive Director Approval:
John M. Nachbar (04/17/14)
RECOMMENDATION:
Staff recommends the Successor Agency to the Culver City Redevelopment Agency
Board (Successor Agency Board) adopt a proposed resolution approving, and
recommending to its Oversight Board the approval of (1) the sale and transfer of
certain real property at 9300 Culver Boulevard (Property) to Combined/Hudson 9300
Culver LLC (Developer) in accordance with the terms of that certain Disposition and
Development Agreement (DDA) between the Developer and the City of Culver City
(City) dated January 31, 2012, pursuant to the Long Range Property Management
Plan approved by the California Department of Finance (DOF) on March 18, 2014,
(2) a Grant Deed to effectuate said disposition of the Property, (3) the Successor
Agency’s remittance of the net purchase price proceeds received by the Successor
Agency after the Close of Escrow to the Los Angeles County Auditor-Controller for
distribution to taxing entities, and (4) related actions.
PROCEDURE (Noticed Public Hearing):
1. The Chair seeks a motion from the Successor Agency Board to receive and file
the affidavits of publication and posting of notices and correspondence received
in response to the public hearing notices; and
City of Culver City, California
Agenda Item Report
2. The Chair calls for a staff report and the Board Members may pose questions to
staff as desired; and,
3. Chair seeks a motion to open the public hearing; and,
4. Chair seeks a motion to close the public hearing after all public testimony has
been presented; and,
5. Successor Agency Board discusses the item and arrives at its decision.
BACKGROUND:
On June 28, 2011, the Governor of California signed into law Assembly Bill No. X1
26 (2011-2012 1st Ex. Sess.) (referred to herein as the Dissolution Act), making
certain changes to the California Community Redevelopment Law (Part 1
(commencing with Section 33000) of Division 24 of the California Health and Safety
Code) (the Redevelopment Law) and to the California Health and Safety Code (H&S
Code) including adding Part 1.8 (commencing with Section 34161) (Part 1.8) and
Part 1.85 (commencing with Section 34170) (Part 1.85) to Division 24 of the H&S
Code.
The Property is proposed to be sold by the Successor Agency to the Developer in
accordance with the terms of the DDA and consistent with the Long Range Property
Management Plan approved by the DOF on March 18, 2014 (LRPMP) and in
accordance with H&S Code Section 34181.
DISCUSSION:
The Property, APN 4206-029-934, is a 50,727 square foot (1.16 acres) parcel in
downtown Culver City, bordered by Culver Boulevard to the north, Washington
Boulevard to the east, the Culver Studios to the south, and Town Plaza to the west.
The Property is zoned Commercial Downtown (CD). The Property is included in the
LRPMP submitted to the DOF in July 2013 (and revised and resubmitted to the DOF
in accordance with DOF’s guidance in March, 2014) as “Property to be Sold,”
reflecting the Property’s intended sale from the Successor Agency to the Developer
for the development of Parcel B.
Should the Successor Agency Board adopt the proposed resolution (Attachment 1),
a separate resolution directing the sale of the Property will be submitted to the
Oversight Board for consideration at their next regular meeting to be held on May 8,
2014
.
Should the Oversight Board adopt the proposed resolution, such resolution
would be presented to the DOF for review and approval.
The Grant Deed, in substantial form as attached, will effectuate the disposition of the
Property from the Successor Agency to the Developer (Attachment 2).
City of Culver City, California
Agenda Item Report
FISCAL ANALYSIS:
The proposed sale will generate land sale proceeds in excess of the $2 million
appraised fair market value of the Property. Pursuant to the Dissolution Act, net
land sale proceeds received by the Successor Agency will be remitted to the Los
Angeles County Auditor-Controller for distribution to the taxing entities. The
Successor Agency may seek reimbursement of the incidental costs associated with
the proposed sale of the Property through the escrow process or future Recognized
Obligations Payment Schedule (ROPS) submissions to the DOF.
ENVIRONMENTAL REVIEW:
A Final Supplemental Environmental Impact Report (“FSEIR”) was certified by the
City on May 3, 1999, which identified and analyzed the potential environmental
impacts associated with the Project. This activity has been determined to be
adequately addressed in the FSEIR for the Project, and there is no substantial
change in circumstances, new information of substantial importance, or project
changes which would warrant additional environmental review; therefore, no further
environmental review is required under CEQA pursuant to CEQA Guidelines Section
15162.
ATTACHMENTS:
1. Proposed Resolution.
2. Grant Deed.
MOTIONS:
That the Successor Agency Board:
Adopt a resolution approving, and recommending to its Oversight Board the
approval of, (1) the sale and transfer of certain real property at 9300 Culver
Boulevard to Combined/Hudson 9300 Culver LLC (Developer) in accordance
with the terms of the Disposition and Development Agreement (DDA) between
the Developer and the City of Culver City dated January 31, 2012, pursuant to
the Long Range Property Management Plan approved by the California
Department of Finance on March 18, 2014, (2) the Grant Deed to effectuate
said disposition of said property, (3) the Successor Agency’s remittance of the
net purchase price proceeds received by the Successor Agency after the Close
of Escrow to the County for distribution to taxing entities, and (4) related
actions.
MEETING DATE: 04/21/2014
AGENDA ITEM: SUCCESSOR AGENCY AGENDA ITEM: PUBLIC
HEARING - Adoption of a Resolution Approving
and Recommending that the Oversight Board
Approves (1) the Sale and Transfer of Real
Property at 9300 Culver Blvd to
Combined/Hudson 9300 Culver LLC (Developer) in
Accordance With the Terms of the DDA Between
the Developer and the City of Culver City
Pursuant to the Approved Long Range Property
Management Plan, (2) Approving the Grant Deed,
(3) Approving the Successor Agency’s
Remittance of the Net Purchase Price Proceeds
Received by the Successor Agency After Close of
Escrow to the County for Distribution to Taxing
Entities, and (4) Approving Related Actions.
ATTACHMENTS
Pages
1. Proposed Resolution. 1-9
2. Grant Deed. 10-20
ATTACHMENT 2
10ATTACHMENT 1
1ATTACHMENT 1
2ATTACHMENT 1
3ATTACHMENT 1
4ATTACHMENT 1
5ATTACHMENT 1
6ATTACHMENT 1
7ATTACHMENT 1
8ATTACHMENT 1
9RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE
CITY OF CULVER CITY
Attn: Sol Blumenfeld,
Community Development Director
9770 Culver Boulevard
Culver City, California 90232-0507
MAIL TAX STATEMENTS TO:
COMBINED/HUDSON 9300 CULVER LLC
c/o Combined Properties Incorporated
Attn: Property Management
9320 Wilshire Boulevard; Suite 310
Beverly Hills, California 90212
SPACE ABOVE THIS LINE FOR RECORDING USE
Assessor’s Parcel No. 4206-029-934 OFFICIAL BUSINESS
Document Entitled to Free Recording
Separate Statement of Tax Due Submitted Per Government Code §§ 6103 & 27383
Per Revenue & Taxation Code § 11932
GRANT DEED
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
CULVER CITY, a public entity existing under the laws of the State of California and successor-
in-interest to the former Redevelopment Agency of the City of Culver City, herein called
“Grantor”, acting to carry out the Long Range Property Management Plan (“LRPMP”) approved
by the California Department of Finance on March 18, 2014 in accordance with Chapter 9
(commencing with Section 34191.1) of Part 1.85 of Division 24 of the California Health and
Safety Code, and the Redevelopment Plan (“Redevelopment Plan”) for the Culver City
Redevelopment Project, Component Area 3 (“Project Area”), under the Community
Redevelopment Law of the State of California, and for other municipal and public purposes,
hereby grants to COMBINED/HUDSON 9300 CULVER LLC, a Delaware limited liability
company, herein called “Grantee”, the real property described in Exhibit “A” attached hereto
(“Developer Parcel”) and incorporated herein by this reference, subject to the existing easements,
restrictions and covenants of record and consistent with the obligations of the Grantee and the
City of Culver City (“City”) under the DDA (defined below).
ATTACHMENT 2
10Whenever the term “Grantee” is used in this Grant Deed, such term shall include any and
all successors and assigns of Grantee in and to the Developer Parcel, or any interest therein or
any portion thereof.
1. Conveyance in Accordance With LRPMP, Redevelopment Plan, Disposition
and Development Agreement. The Developer Parcel is conveyed in accordance with the
LRPMP, and in accordance with and subject to the Redevelopment Plan and the Disposition and
Development Agreement dated as of January 31, 2012 and entered into by and between the City
and the Grantee (“Developer” therein) (the “DDA”), a copy of which is on file in the offices of
the City Clerk of the City as a public record and which is incorporated herein by reference.
DDA as used herein shall mean, refer to and include the DDA, as well as any riders, exhibits,
addenda, implementation agreements, amendments, modifications, supplements and attachments
thereto or other documents expressly incorporated by reference in the DDA. Any capitalized
term not herein defined shall have the same meaning ascribed to such term in the DDA. All of
the terms, covenants and conditions of this Grant Deed shall be binding upon the Grantee and the
permitted successors and assigns of the Grantee.
2. Uses. In accordance with the DDA and the plans approved by the City, the
Grantee shall develop and construct on the Developer Parcel a four level high quality office and
retail complex with an Elevated Plaza and “Grand Stairs”, providing approximately providing
approximately 115,108 square feet of gross building area containing a minimum of 32,654
square feet dedicated to retail and restaurant uses and containing a minimum of 55,470 gross
square feet dedicated to office use and including public restrooms and a storage area, in addition
to approximately 18,990 square feet of open space, and subterranean parking (“Parcel B
Improvements”), as more fully set forth in the DDA. In addition, as required by the DDA and
subject to the approval of the City, and in accordance with the plans approved by the City, the
Grantee shall, in conjunction with the development of the Parcel B Improvements, develop and
construct on that certain real property to be owned and retained by the City and located adjacent
to the Developer Parcel certain subterranean public parking improvements (“Public Parking
Improvements”) and certain public improvements relating to the expansion of the Town Plaza
Project (defined in the DDA) (“Town Plaza Expansion Improvements”), as more fully set forth
in the DDA. The Grantee hereby covenants and agrees for itself, its successors, its assigns, and
every successor in interest to the Developer Parcel or any part thereof, that upon the date of this
Grant Deed and during construction through Completion of development and thereafter, the
Grantee shall develop, maintain, use and devote the Developer Parcel to the uses specified in the
DDA including, without limitation, operational and maintenance covenants and covenants
reserved for the benefit of the Grantor, the City and the public, uses provided in that certain
Reciprocal Easement Agreement to be executed by and between the City and Grantee and
recorded against the Developer Parcel pursuant to the DDA, the Redevelopment Plan and this
Grant Deed and in accordance with plans approved therefore by the City, for the periods of time
specified therein. All uses conducted on the Developer Parcel, including, without limitation, all
activities undertaken by the Grantee pursuant to the DDA, shall conform to the DDA, the
Redevelopment Plan, plans approved by the City, and all applicable provisions of the Culver
City Municipal Code. The foregoing covenants shall run with the land.
ATTACHMENT 2
113. Restrictions on Transfer. The Grantee further agrees as follows:
a. For the period commencing upon the date of this Grant Deed, no voluntary
or involuntary successor in interest of the Grantee shall acquire any rights or powers under the
DDA or this Grant Deed, nor shall the Grantee make any total or partial sale, transfer,
conveyance, assignment, subdivision, refinancing or lease of the whole or any part of the
Developer Parcel without the prior written approval of the Grantor or the City or as otherwise
permitted pursuant to the DDA.
b. The Grantee shall not place or suffer to be placed on the Developer Parcel
any lien or encumbrance other than mortgages, deeds of trust, or any other form of conveyance
required for financing of the construction of the improvements on the Developer Parcel, and any
other expenditures necessary and appropriate to develop the Developer Parcel pursuant to the
DDA.
4. Nondiscrimination. The Grantee herein covenants by and for itself, its heirs,
executors, administrators and assigns, and all persons claiming under or through them, that there
shall be no discrimination against or segregation of, any person or group of persons on account
of race, color, creed, religion, sex, marital status, national origin or ancestry in the sale, lease,
sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the
Grantee itself or any person claiming under or through the Grantee, establish or permit any such
practice or practices of discrimination or segregation with reference to the selection, location,
number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land
herein conveyed. The foregoing covenants shall run with the land.
The Grantee shall refrain from restricting the rental, sale or lease of the Developer
Parcel on the basis of race, color, religion, sex, marital status, ancestry or national origin of any
person. All such deeds, leases or contracts shall contain or be subject to substantially the
following nondiscrimination or nonsegregation clauses:
(a) In deeds: “The grantee herein covenants by and for himself or herself, his
or her heirs, executors, administrators and assigns, and all persons claiming under or through
them, that there shall be no discrimination against or segregation of, any person or group of
persons on account of race, color, creed, religion, sex, marital status, national origin or ancestry
in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein
conveyed, nor shall the grantee or any person claiming under or through him or her, establish or
permit any such practice or practices of discrimination or segregation with reference to the
selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or
vendees in the land herein conveyed. The foregoing covenants shall run with the land.”
(b) In leases: “The lessee herein covenants by and for himself or herself, his
or her heirs, executors, administrators, and assigns, and all persons claiming under or through
him or her, and this lease is made and accepted upon and subject to the following conditions:
“That there shall be no discrimination against or segregation of any
person or group of persons, on account of race, color, creed,
religion, sex, marital status, national origin, or ancestry in the
leasing, subleasing, transferring, use, occupancy, tenure, or
ATTACHMENT 2
12enjoyment of the premises herein leased nor shall the lessee
himself or herself, or any person claiming under or through him or
her, establish or permit any such practice or practices of
discrimination or segregation with reference to the selection,
location, number, use, or occupancy of tenants, lessees, sublessees,
subtenants, or vendees in the premises herein leased.”
(c) In contracts: “There shall be no discrimination against or segregation of,
any person, or group of persons on account of race, color, creed, religion, sex, marital status,
national origin, or ancestry, in the sale, lease, sublease, transfer, use, occupancy, tenure or
enjoyment of the premises, nor shall the transferee himself or herself or any person claiming
under or through him or her, establish or permit any such practice or practices of discrimination
or segregation with reference to the selection, location, number, use or occupancy of tenants,
lessees, subtenants, sublessees or vendees of the premises.”
5. Reserved.
6. Violations Do Not Impair Liens. No violation or breach of the covenants,
conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or
render invalid or in any way impair the lien or charge of any mortgage or deed of trust or
security interest permitted by the DDA; provided, however, that any subsequent owner of the
Developer Parcel shall be bound by such remaining covenants, conditions, restrictions,
limitations and provisions, whether such owner’s title was acquired by foreclosure, deed in lieu
of foreclosure, trustee’s sale or otherwise.
7. Covenants Run With Land. All covenants contained in this Grant Deed shall be
covenants running with the land. Except as provided hereunder and the DDA, all of the
Grantee’s obligations and covenants hereunder shall remain in effect in perpetuity.
8. Covenants For Benefit of Grantor and City; City as Third Party Beneficiary.
a. All covenants without regard to technical classification or designation,
legal or otherwise, shall be, to the fullest extent permitted by law and equity, binding for the
benefit of the Grantor, the City, and their successors and assigns, and such covenants shall run in
favor of, and be enforceable by, the Grantor, the City, and their successors and assigns, against
Grantee, its successors and assigns, to or of the Developer Parcel conveyed herein or any portion
thereof or any interest therein, and any party in possession or occupancy of the Developer Parcel
or portion thereof, for the entire period during which such covenants shall be in force and effect,
without regard to whether the Grantor or the City is or remains an owner of any land or interest
therein to which such covenants relate. The Grantor, the City, and their successors and assigns,
in the event of any breach of any such covenants, shall have the right to exercise all the rights
and remedies and to maintain any actions at law or suits in equity or other proper proceedings to
enforce the curing of such breach.
b. In amplification of Section 8(a) above, the City shall be a third party
beneficiary of all rights and interest of the Grantor in and to this Grant Deed with full and
unrestricted rights, without any approval or consent of the Grantor, to enforce each and every
provision set forth in this Grant Deed and to exercise Grantor’s rights herein, including without
ATTACHMENT 2
13limitation the right to exercise the Right of Reverter and to re-enter and take possession of the
Developer Parcel or portions thereof pursuant to Section 10 of this Grant Deed.
9. Revisions to Grant Deed. Both the Grantor, its successors and assigns, and the
Grantee and Grantee’s successors and assigns in and to all or any part of the fee title to the
Developer Parcel shall have the right with the mutual consent of the Grantee and Grantor to
consent and agree to changes in, or to eliminate in whole or in part, any of the covenants, or
restrictions contained in this Grant Deed without the consent of any tenant, lessee, easement
holder, licensee, mortgagee, trustee, beneficiary under a deed of trust or any other person or
entity having any interest less than a fee in the Developer Parcel. However, the Grantee is
obligated to give written notice to and obtain the consent of any first mortgagee prior to consent
or agreement between the parties concerning such changes to this Grant Deed. The covenants
contained in this Grant Deed, without regard to technical classification, shall not benefit or be
enforceable by any owner of any other real property within or outside the Project Area, or any
person or entity having any interest in any other such realty. No amendment to the
Redevelopment Plan shall require the consent of the Grantee.
10. Right of Reverter. The Grantor or the City shall have the right to re-enter and
take possession of all portions of the Developer Parcel conveyed to the Grantee pursuant to the
DDA, with all improvements thereon, and revest in the Grantor or the City the estate theretofore
conveyed to the Grantee, and Grantee shall thereupon forfeit its title to the Developer Parcel and
all improvements thereon, if, after Conveyance of title and prior to recordation of the Release of
Construction Covenants for such portions of the Developer Parcel, the Grantee (or its successors
in interest):
(a) Fails to proceed with construction of the Improvements as required by the
DDA for a period of ninety (90) Days after written notice from the Grantor or the City, provided
that the Grantee shall not have obtained an extension or postponement to which the Grantee may
be entitled pursuant to Section 806 of the DDA.
(b) Abandons or substantially suspends construction of the Improvements for
a period of ninety (90) Days after written notice has been given by the Grantor or the City to the
Grantee, provided the Grantee has not obtained an extension or postponement to which the
Grantee may be entitled to pursuant to Section 806 of the DDA.
(c) Commits a Transfer not expressly permitted under the DDA or approved
in advance in writing by the Grantor or the City.
(d) Otherwise materially breaches the DDA, and such breach is not cured
within the time provided in the DDA.
Such right to re-enter, repossess, terminate and revest shall be subject to and be
limited by and shall not defeat, render invalid, or limit:
(i) Any mortgage, deed or trust or other security instrument permitted by the
DDA.
ATTACHMENT 2
14 (ii) Any rights or interests provided in the DDA for the protection of the
holder of such mortgages, deeds of trust or other security instruments.
Upon issuance and recordation of a Release of Construction Covenants for the
Improvements to be constructed on any applicable portion of the Developer Parcel, the Grantor’s
or the City’s right to reenter, terminate and revest as to such portion of the Developer Parcel shall
terminate, and the Grantor or the City shall only be entitled to reenter, terminate and revest with
respect to the other parcels within the Developer Parcel for which no Release of Construction
Covenants has been issued and recorded.
Upon the revesting in the Grantor or the City of title to the Developer Parcel as
provided herein, the Grantor or the City shall, pursuant to its responsibilities under State law, use
its best efforts to resell the Developer Parcel or part thereof as soon and in such manner as the
Grantor or the City shall find feasible and consistent with the objectives of such law and of the
Redevelopment Plan to a qualified and responsible party or parties (as determined by the Grantor
or the City), who will assume the obligation of making or completing the Improvements, or such
improvements in their stead as shall be satisfactory to the Grantor or the City and in accordance
with the uses specified for such Developer Parcel or part thereof in the Redevelopment Plan.
Upon such resale of the Developer Parcel, the proceeds thereof shall be applied:
(x) First, to reimburse the Grantor and the City for all reasonable and
necessary costs and expenses incurred by the Grantor and the City in connection with reentering,
terminating and revesting and resale of all such portions of the Developer Parcel, including but
not limited to, salaries of personnel employed or utilized in connection with the recapture,
management and resale of the Developer Parcel or part thereof (but less any income derived by
the Grantor and the City from the Developer Parcel or part thereof in connection with such
management); all taxes, assessments and water and sewer charges with respect to the Developer
Parcel or part thereof (or, in the event the Developer Parcel is exempt from taxation or
assessment of such charges during the period of ownership, such taxes, assessments or charges
(as determined by the City assessing official) as would have been payable if the Developer
Parcel were not so exempt); any payments made or necessary to be made to discharge or to
prevent from attaching or being made any encumbrances or liens due to obligations, defaults or
acts of the Grantee, its successors or transferees; any expenditures made or obligations incurred
with respect to the making or completion of the improvements or any part thereof on the
Developer Parcel or part thereof; and any amounts otherwise owing the Grantor and the City by
the Grantee and its successor or transferee; and
(y) Second, to reimburse the Grantee, its successor or transferee up to the
amount equal to (1) the sum of the Final Purchase Price Payment (as described in Section 301.3
of the DDA) paid to the Grantor by the Grantee for the Developer Parcel; (2) the costs incurred
for the development of the Developer Parcel and for the improvements existing on the Developer
Parcel at the time of the re-entry and repossession, less (3) any gains or income withdrawn or
made by the Grantee from the Developer Parcel or the improvements thereon; and
(z) Finally, any balance remaining after such reimbursements shall be retained
by the Grantor or the City as its sole property.
ATTACHMENT 2
15 Upon the revesting in the Grantor or the City of title to the Developer Parcel as
provided herein, the Grantor or the City shall also be entitled to exercise all of the City’s rights
under the Assignment of Construction Contract (Attachment No. 8 to the DDA) and the
Assignment of Plans, Reports and Data (Attachment No. 9 to the DDA).
To the extent that the rights established in this Section involves a forfeiture, the
rights of the Grantor and the City hereunder must be strictly interpreted against the Grantor and
the City, the party for whose benefit the right of reverter is created. The right of reverter and
other rights established in this Section are to be interpreted in light of the fact that the Grantor is
conveying the Developer Parcel to the Grantee for development of the Project as set forth in the
DDA and not for speculation, and the fact that such right is expressly authorized by California
Health and Safety Code Section 33438.
11. No Merger. None of the terms, covenants, agreements or conditions heretofore
agreed upon in writing in other instruments between the parties to this Grant Deed or the City
with respect to obligations to be performed, kept or observed by Grantee or Grantor in respect to
Developer Parcel or any part thereof after the conveyance of said Developer Parcel shall be
deemed to be merged with this Grant Deed.
12. Administration. Whenever a reference is made in this Grant Deed to an action,
finding, determination or approval to be undertaken by the Grantor, the Executive Director of the
Grantor is authorized to act on behalf of the Successor Agency unless specifically provided
otherwise or the context should require otherwise. Notwithstanding the foregoing, the Executive
Director of the Grantor may in his or her sole and absolute discretion refer any matter to the
Successor Agency Board of Directors for action, direction or approval.
[Signatures On Next Page]
ATTACHMENT 2
16IN WITNESS WHEREOF, Grantor and Grantee have caused this instrument to be
executed on their behalf by their respective officers hereunto duly authorized this ____ day of
_______________, 2014.
“GRANTOR”
THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF
CULVER CITY,
a public entity existing under the laws of the State
of California and successor-in-interest to the former
Redevelopment Agency of the City of Culver City
Dated: __________________ By: ________________________________
John M. Nachbar
Executive Director
APPROVED AS TO CONTENT:
By: ______________________________
Sol Blumenfeld
Community Development Director
ATTEST:
By: ______________________________
Martin R. Cole, Secretary
APPROVED AS TO FORM:
By: _________________________________
Carol Schwab
General Counsel
By: _________________________________
KANE, BALLMER & BERKMAN
Successor Agency Special Counsel
[Signatures Continue On Next Page]
ATTACHMENT 2
17Grantee hereby accepts the written deed, subject to all of the matters hereinbefore set forth.
“GRANTEE”
COMBINED/HUDSON 9300 CULVER LLC,
a Delaware limited liability company
By: Combined Culver Venture LLC,
a Delaware limited liability company,
its managing member
Dated: __________________ By: ____________________________
Name: _________________________
Its: ____________________________
By: Hudson 9300 Culver, LLC,
a Delaware limited liability company,
its managing member
By: Hudson Pacific Properties, L.P.,
a Maryland limited partnership,
its sole member
By: Hudson Pacific Properties, Inc.,
a Maryland corporation,
its general partner
Dated: __________________ By: ____________________________
Name: __________________________
Title: ___________________________
ATTACHMENT 2
18State of California )
)
County of Los Angeles )
On __________________, 2014 before me, ______________________(here insert name of the
officer), Notary Public, personally appeared , who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature of Notary Public
[Seal]
State of California )
)
County of Los Angeles )
On __________________, 2014 before me, ______________________(here insert name of the
officer), Notary Public, personally appeared , who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature of Notary Public
[Seal]
ATTACHMENT 2
19EXHIBIT “A”
LEGAL DESCRIPTION
9300 Culver Boulevard, Culver City, California
(Developer Parcel)
LEGAL DESCRIPTION
The land referred to hereinbelow is situated in the City of Culver City, County of Los
Angeles, State of California, and is described as follows:
1. Parcel ‘B’ 9300 Washington Boulevard.
Assessor Parcel No.: 4206-029-934.
PARCEL 1 OF PARCEL MAP NO. 66158, IN THE CITY OF CULVER CITY, COUNTY OF
LOS ANGELES, STATE OF CALIFORNIA AS PER MAP RECORDED IN BOOK 355,
PAGES 86 THROUGH 88 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
End of Legal Description.
ATTACHMENT 2
20
Page 1 of 9
Developer Parcel Grant Deed v2
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
Attn: Sol Blumenfeld,
Community Development Director
9770 Culver Boulevard
Culver City, California 90232-0507
MAIL TAX STATEMENTS TO:
COMBINED/HUDSON 9300 CULVER LLC
c/o Combined Properties Incorporated
Attn: Property Management
9320 Wilshire Boulevard; Suite 310
Beverly Hills, California 90212
SPACE ABOVE THIS LINE FOR RECORDING USE
Assessor’s Parcel No. 4206-029-934 OFFICIAL BUSINESS
Document Entitled to Free Recording
Separate Statement of Tax Due Submitted Per Government Code §§ 6103 & 27383
Per Revenue & Taxation Code § 11932
GRANT DEED
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the
SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY, a public
entity existing under the laws of the State of California and successor-in-interest to the former
Culver City Redevelopment Agency, herein called “Grantor”, pursuant to authority provided to
Grantor under the Long Range Property Management Plan (“LRPMP”) approved by the
California Department of Finance on March 18, 2014 in accordance with Chapter 9
(commencing with Section 34191.1) of Part 1.85 of Division 24 of the California Health and
Safety Code, and acting to carry out the Redevelopment Plan (“Redevelopment Plan”) for the
Culver City Redevelopment Project, Component Area 3 (“Project Area”), under the Community
Redevelopment Law of the State of California, and for other municipal and public purposes,
hereby grants to COMBINED/HUDSON 9300 CULVER LLC, a Delaware limited liability
company, herein called “Grantee”, the real property described in Exhibit “A” attached hereto
(“Developer Parcel”) and incorporated herein by this reference, subject to the existing easements,
restrictions and covenants of record and consistent with the obligations of the Grantee and the
City of Culver City (“City”) under the DDA (defined below).
Whenever the term “Grantee” is used in this Grant Deed, such term shall include any and
all successors and assigns of Grantee in and to the Developer Parcel, or any interest therein or
any portion thereof. Page 2 of 9
Developer Parcel Grant Deed v2
1. Conveyance in Accordance With LRPMP, Redevelopment Plan, Disposition
and Development Agreement. The Developer Parcel is conveyed pursuant to the authorization
of the approved LRPMP, and in accordance with and subject to the Redevelopment Plan and the
Disposition and Development Agreement dated as of January 31, 2012 and entered into by and
between the City and the Grantee (“Developer” therein) (the “DDA”), a copy of which is on file
in the offices of the City Clerk of the City as a public record and which is incorporated herein by
reference. DDA as used herein shall mean, refer to and include the DDA, as well as any riders,
exhibits, addenda, implementation agreements, amendments, modifications, supplements and
attachments thereto or other documents expressly incorporated by reference in the DDA. Any
capitalized term not herein defined shall have the same meaning ascribed to such term in the
DDA. All of the terms, covenants and conditions of this Grant Deed shall be binding upon the
Grantee and the permitted successors and assigns of the Grantee.
2. Uses. In accordance with the DDA and the plans approved by the City, the
Grantee shall develop and construct on the Developer Parcel a four level high quality office and
retail complex with an Elevated Plaza and “Grand Stairs”, providing approximately providing
approximately 115,108 square feet of gross building area containing a minimum of 32,654
square feet dedicated to retail and restaurant uses and containing a minimum of 55,470 gross
square feet dedicated to office use and including public restrooms and a storage area, in addition
to approximately 18,990 square feet of open space, and subterranean parking (“Parcel B
Improvements”), as more fully set forth in the DDA. In addition, as required by the DDA and
subject to the approval of the City, and in accordance with the plans approved by the City, the
Grantee shall, in conjunction with the development of the Parcel B Improvements, develop and
construct on that certain real property to be owned and retained by the City and located adjacent
to the Developer Parcel certain subterranean public parking improvements (“Public Parking
Improvements”) and certain public improvements relating to the expansion of the Town Plaza
Project (defined in the DDA) (“Town Plaza Expansion Improvements”), as more fully set forth
in the DDA. The Grantee hereby covenants and agrees for itself, its successors, its assigns, and
every successor in interest to the Developer Parcel or any part thereof, that upon the date of this
Grant Deed and during construction through Completion of development and thereafter, the
Grantee shall develop, maintain, use and devote the Developer Parcel to the uses specified in the
DDA including, without limitation, operational and maintenance covenants and covenants
reserved for the benefit of the City and the public uses provided in that certain Reciprocal
Easement Agreement to be executed by and between the City and Grantee and recorded against
the Developer Parcel pursuant to the DDA, the Redevelopment Plan and this Grant Deed and in
accordance with plans approved therefor by the City, for the periods of time specified therein.
All uses conducted on the Developer Parcel, including, without limitation, all activities
undertaken by the Grantee pursuant to the DDA, shall conform to the DDA, the Redevelopment
Plan, plans approved by the City, and all applicable provisions of the Culver City Municipal
Code. The foregoing covenants shall run with the land.
3. Restrictions on Transfer. The Grantee further agrees as follows:
a. For the period commencing upon the date of this Grant Deed, no voluntary
or involuntary successor in interest of the Grantee shall acquire any rights or powers under the Page 3 of 9
Developer Parcel Grant Deed v2
DDA or this Grant Deed, nor shall the Grantee make any total or partial sale, transfer,
conveyance, assignment, subdivision, refinancing or lease of the whole or any part of the
Developer Parcel without the prior written approval of the City or as otherwise permitted
pursuant to the DDA.
b. The Grantee shall not place or suffer to be placed on the Developer Parcel
any lien or encumbrance other than mortgages, deeds of trust, or any other form of conveyance
required for financing of the construction of the improvements on the Developer Parcel, and any
other expenditures necessary and appropriate to develop the Developer Parcel pursuant to the
DDA.
4. Nondiscrimination. The Grantee herein covenants by and for itself, its heirs,
executors, administrators and assigns, and all persons claiming under or through them, that there
shall be no discrimination against or segregation of, any person or group of persons on account
of race, color, creed, religion, sex, marital status, national origin or ancestry in the sale, lease,
sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the
Grantee itself or any person claiming under or through the Grantee, establish or permit any such
practice or practices of discrimination or segregation with reference to the selection, location,
number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the land
herein conveyed. The foregoing covenants shall run with the land.
The Grantee shall refrain from restricting the rental, sale or lease of the Developer
Parcel on the basis of race, color, religion, sex, marital status, ancestry or national origin of any
person. All such deeds, leases or contracts shall contain or be subject to substantially the
following nondiscrimination or nonsegregation clauses:
(a) In deeds: “The grantee herein covenants by and for himself or herself, his
or her heirs, executors, administrators and assigns, and all persons claiming under or through
them, that there shall be no discrimination against or segregation of, any person or group of
persons on account of race, color, creed, religion, sex, marital status, national origin or ancestry
in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein
conveyed, nor shall the grantee or any person claiming under or through him or her, establish or
permit any such practice or practices of discrimination or segregation with reference to the
selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or
vendees in the land herein conveyed. The foregoing covenants shall run with the land.”
(b) In leases: “The lessee herein covenants by and for himself or herself, his
or her heirs, executors, administrators, and assigns, and all persons claiming under or through
him or her, and this lease is made and accepted upon and subject to the following conditions:
“That there shall be no discrimination against or segregation of any
person or group of persons, on account of race, color, creed,
religion, sex, marital status, national origin, or ancestry in the
leasing, subleasing, transferring, use, occupancy, tenure, or
enjoyment of the premises herein leased nor shall the lessee
himself or herself, or any person claiming under or through him or
her, establish or permit any such practice or practices of
discrimination or segregation with reference to the selection, Page 4 of 9
Developer Parcel Grant Deed v2
location, number, use, or occupancy of tenants, lessees, sublessees,
subtenants, or vendees in the premises herein leased.”
(c) In contracts: “There shall be no discrimination against or segregation of,
any person, or group of persons on account of race, color, creed, religion, sex, marital status,
national origin, or ancestry, in the sale, lease, sublease, transfer, use, occupancy, tenure or
enjoyment of the premises, nor shall the transferee himself or herself or any person claiming
under or through him or her, establish or permit any such practice or practices of discrimination
or segregation with reference to the selection, location, number, use or occupancy of tenants,
lessees, subtenants, sublessees or vendees of the premises.”
5. Reserved.
6. Violations Do Not Impair Liens. No violation or breach of the covenants,
conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or
render invalid or in any way impair the lien or charge of any mortgage or deed of trust or
security interest permitted by the DDA; provided, however, that any subsequent owner of the
Developer Parcel shall be bound by such remaining covenants, conditions, restrictions,
limitations and provisions, whether such owner’s title was acquired by foreclosure, deed in lieu
of foreclosure, trustee’s sale or otherwise.
7. Covenants Run With Land. All covenants contained in this Grant Deed shall be
covenants running with the land. Except as provided hereunder and the DDA, all of the
Grantee’s obligations and covenants hereunder shall remain in effect in perpetuity.
8. Covenants For Benefit of Grantor and City; City as Third Party Beneficiary.
a. All covenants herein without regard to technical classification or
designation, legal or otherwise, shall be, to the fullest extent permitted by law and equity,
binding for the benefit of the Grantor, the City, and their successors and assigns, and such
covenants shall run in favor of, and be enforceable by, the Grantor, the City, and their successors
and assigns, against Grantee, its successors and assigns, to or of the Developer Parcel conveyed
herein or any portion thereof or any interest therein, and any party in possession or occupancy of
the Developer Parcel or portion thereof, for the entire period during which such covenants shall
be in force and effect, without regard to whether the Grantor or the City is or remains an owner
of any land or interest therein to which such covenants relate. The Grantor, the City, and their
successors and assigns, in the event of any breach of any such covenants, shall have the right to
exercise all the rights and remedies and to maintain any actions at law or suits in equity or other
proper proceedings to enforce the curing of such breach.
b. In amplification of Section 8(a) above, the City shall be a third party
beneficiary of all rights and interest of the Grantor in and to this Grant Deed with full,
unrestricted and unilateral rights, without any approval or consent of the Grantor, to enforce each
and every provision set forth in this Grant Deed and to exercise Grantor rights herein, including
without limitation the right to exercise the Right of Reverter and to re-enter and take possession
of the Developer Parcel or portions thereof pursuant to Section 10 of this Grant Deed and the
right to consent and agree to changes in any of the covenants or restrictions contained in this
Grant Deed pursuant to Section 9 of this Grant Deed. Notwithstanding anything in this Grant
Deed to the contrary, provided that the City has the legal authority to exercise the rights of the Page 5 of 9
Developer Parcel Grant Deed v2
Grantor pursuant to the foregoing provision, the City then shall have the sole and unilateral right
to exercise the rights of the City and/or the Grantor under this Grant Deed, and any such exercise
of rights by the City shall be binding upon the Grantor and the Grantee in the same manner as if
such rights were exercised by the Grantor itself under this Grant Deed. If, however, the City
does not have the legal authority to exercise the rights of the Grantor pursuant to the foregoing
provision for any reason whatsoever, then nothing in this Grant Deed shall restrict, withdraw,
remove or inhibit the Grantor’s authority to unilaterally exercise the rights provided to the
Grantor under this Grant Deed, and any such exercise of rights by the Grantor shall be binding
upon the Grantee.
9. Revisions to Grant Deed. The Grantor, and its successors and assigns, or the
City, and its successor and assigns, and the Grantee, and its successors and assigns, in and to all
or any part of the fee title to the Developer Parcel shall have the right with the mutual consent of
the Grantee and the Grantor, or the Grantee and the City, to consent and agree to changes in, or
to eliminate in whole or in part, any of the covenants or restrictions contained in this Grant Deed
without the consent of any tenant, lessee, easement holder, licensee, mortgagee, trustee,
beneficiary under a deed of trust or any other person or entity having any interest less than a fee
in the Developer Parcel. However, the Grantee is obligated to give written notice to and obtain
the consent of any first mortgagee prior to consent or agreement between the parties concerning
such changes to this Grant Deed. The covenants contained in this Grant Deed, without regard to
technical classification, shall not benefit or be enforceable by any owner of any other real
property within or outside the Project Area, or any person or entity having any interest in any
other such realty. No amendment to the Redevelopment Plan shall require the consent of the
Grantee.
10. Right of Reverter. The Grantor or the City shall have the right to re-enter and
take possession of all portions of the Developer Parcel conveyed to the Grantee pursuant to the
DDA, with all improvements thereon, and revest in the Grantor or the City the estate theretofore
conveyed to the Grantee, and Grantee shall thereupon forfeit its title to the Developer Parcel and
all improvements thereon, if, after Conveyance of title and prior to recordation of the Release of
Construction Covenants for such portions of the Developer Parcel, the Grantee (or its successors
in interest):
(a) Fails to proceed with construction of the Improvements as required by the
DDA for a period of ninety (90) Days after written notice from the Grantor or the City, provided
that the Grantee shall not have obtained an extension or postponement to which the Grantee may
be entitled pursuant to Section 806 of the DDA.
(b) Abandons or substantially suspends construction of the Improvements for
a period of ninety (90) Days after written notice has been given by the Grantor or the City to the
Grantee, provided the Grantee has not obtained an extension or postponement to which the
Grantee may be entitled to pursuant to Section 806 of the DDA.
(c) Commits a Transfer not expressly permitted under the DDA or approved
in advance in writing by the Grantor or the City. Page 6 of 9
Developer Parcel Grant Deed v2
(d) Otherwise materially breaches the DDA, and such breach is not cured
within the time provided in the DDA.
Such right to re-enter, repossess, terminate and revest shall be subject to and be
limited by and shall not defeat, render invalid, or limit:
(i) Any mortgage, deed or trust or other security instrument permitted by the
DDA.
(ii) Any rights or interests provided in the DDA for the protection of the
holder of such mortgages, deeds of trust or other security instruments.
Upon issuance and recordation of a Release of Construction Covenants for the
Improvements to be constructed on any applicable portion of the Developer Parcel, the foregoing
right to reenter, terminate and revest as to such portion of the Developer Parcel shall terminate,
and the Grantor or the City shall only be entitled to reenter, terminate and revest with respect to
the other parcels within the Developer Parcel for which no Release of Construction Covenants
has been issued and recorded.
Upon the revesting in the Grantor or the City of title to the Developer Parcel as
provided herein, the Grantor or the City shall, pursuant to its responsibilities under State law, use
its best efforts to resell the Developer Parcel or part thereof as soon and in such manner as the
Grantor or the City shall find feasible and consistent with the objectives of such law and of the
Redevelopment Plan to a qualified and responsible party or parties (as determined by the Grantor
or the City), who will assume the obligation of making or completing the Improvements, or such
improvements in their stead as shall be satisfactory to the Grantor or the City and in accordance
with the uses specified for such Developer Parcel or part thereof in the Redevelopment Plan.
Upon such resale of the Developer Parcel, the proceeds thereof shall be applied:
(x) First, to reimburse the Grantor and the City for all reasonable and
necessary costs and expenses incurred by the Grantor and the City in connection with reentering,
terminating and revesting and resale of all such portions of the Developer Parcel, including but
not limited to, salaries of personnel employed or utilized in connection with the recapture,
management and resale of the Developer Parcel or part thereof (but less any income derived by
the Grantor and the City from the Developer Parcel or part thereof in connection with such
management); all taxes, assessments and water and sewer charges with respect to the Developer
Parcel or part thereof (or, in the event the Developer Parcel is exempt from taxation or
assessment of such charges during the period of ownership, such taxes, assessments or charges
(as determined by the City assessing official) as would have been payable if the Developer
Parcel were not so exempt); any payments made or necessary to be made to discharge or to
prevent from attaching or being made any encumbrances or liens due to obligations, defaults or
acts of the Grantee, its successors or transferees; any expenditures made or obligations incurred
with respect to the making or completion of the improvements or any part thereof on the
Developer Parcel or part thereof; and any amounts otherwise owing the Grantor and the City by
the Grantee and its successor or transferee; and Page 7 of 9
Developer Parcel Grant Deed v2
(y) Second, to reimburse the Grantee, its successor or transferee up to the
amount equal to (1) the sum of the Final Purchase Price Payment (as described in Section 301.3
of the DDA) paid to the Grantor by the Grantee for the Developer Parcel; (2) the costs incurred
for the development of the Developer Parcel and for the improvements existing on the Developer
Parcel at the time of the re-entry and repossession, less (3) any gains or income withdrawn or
made by the Grantee from the Developer Parcel or the improvements thereon; and
(z) Finally, any balance remaining after such reimbursements shall be retained
by the Grantor or the City as its sole property.
Upon the revesting in the Grantor or the City of title to the Developer Parcel as
provided herein, the Grantor or the City shall also be entitled to exercise all of the City’s rights
under the Assignment of Construction Contract (Attachment No. 8 to the DDA) and the
Assignment of Plans, Reports and Data (Attachment No. 9 to the DDA).
To the extent that the rights established in this Section involves a forfeiture, the
rights of the Grantor and the City hereunder must be strictly interpreted against the Grantor and
the City, the party for whose benefit the right of reverter is created. The right of reverter and
other rights established in this Section are to be interpreted in light of the fact that the Grantor is
conveying the Developer Parcel to the Grantee for development of the Project as set forth in the
DDA and not for speculation, and the fact that such right is expressly authorized by California
Health and Safety Code Section 33438.
11. No Merger. None of the terms, covenants, agreements or conditions heretofore
agreed upon in writing in other instruments between the parties to this Grant Deed or between
the City and the Grantee with respect to obligations to be performed, kept or observed by the
Grantee, the Grantor or the City in respect to Developer Parcel or any part thereof after the
conveyance of said Developer Parcel shall be deemed to be merged with this Grant Deed.
12. Administration. Whenever a reference is made in this Grant Deed to an action,
finding, determination or approval to be undertaken by the Grantor, the Executive Director of the
Grantor is authorized to act on behalf of the Successor Agency unless specifically provided
otherwise or the context should require otherwise. Notwithstanding the foregoing, the Executive
Director of the Grantor may in his or her sole and absolute discretion refer any matter to the
Successor Agency Board of Directors for action, direction or approval.
[Signatures On Next Page]
Page 8 of 9
Developer Parcel Grant Deed v2
IN WITNESS WHEREOF, Grantor and Grantee have caused this instrument to be
executed on their behalf by their respective officers hereunto duly authorized this ____ day of
_______________, 2014.
“GRANTOR”
SUCCESSOR AGENCY TO THE CULVER CITY
REDEVELOPMENT AGENCY,
a public entity existing under the laws of the State
of California and successor-in-interest to the former
Culver City Redevelopment Agency
Dated: __________________ By: ________________________________
John M. Nachbar
Executive Director
APPROVED AS TO CONTENT:
By: ______________________________
Sol Blumenfeld
Community Development Director
ATTEST:
By: ______________________________
Martin R. Cole, Secretary
APPROVED AS TO FORM:
By: _________________________________
Carol Schwab
General Counsel
By: _________________________________
KANE, BALLMER & BERKMAN
Successor Agency Special Counsel
[Signatures Continue On Next Page]
Page 9 of 9
Developer Parcel Grant Deed v2
Grantee hereby accepts the written deed, subject to all of the matters hereinbefore set forth.
“GRANTEE”
COMBINED/HUDSON 9300 CULVER LLC,
a Delaware limited liability company
By: Combined Culver Venture LLC,
a Delaware limited liability company,
its managing member
Dated: __________________ By: ____________________________
Name: _________________________
Its: ____________________________
By: Hudson 9300 Culver, LLC,
a Delaware limited liability company,
its managing member
By: Hudson Pacific Properties, L.P.,
a Maryland limited partnership,
its sole member
By: Hudson Pacific Properties, Inc.,
a Maryland corporation,
its general partner
Dated: __________________ By: ____________________________
Name: __________________________
Title: ___________________________
State of California )
)
County of Los Angeles )
On __________________, 2014 before me, ______________________(here insert name of the
officer), Notary Public, personally appeared , who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature of Notary Public
[Seal]
State of California )
)
County of Los Angeles )
On __________________, 2014 before me, ______________________(here insert name of the
officer), Notary Public, personally appeared , who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature of Notary Public
[Seal]
EXHIBIT “A”
LEGAL DESCRIPTION
9300 Culver Boulevard, Culver City, California
(Developer Parcel)
LEGAL DESCRIPTION
The land referred to hereinbelow is situated in the City of Culver City, County of Los
Angeles, State of California, and is described as follows:
1. Parcel ‘B’ 9300 Washington Boulevard.
Assessor Parcel No.: 4206-029-934.
PARCEL 1 OF PARCEL MAP NO. 66158, IN THE CITY OF CULVER CITY, COUNTY OF
LOS ANGELES, STATE OF CALIFORNIA AS PER MAP RECORDED IN BOOK 355,
PAGES 86 THROUGH 88 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
End of Legal Description.