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SR-407-003-013 . 41 '1tJ r-- (}f) 3 --GJ 13 PPD:PS:KW:am CouncIl Mtg: 2/26/85 Santa Monica, CalIfornIa HA-2 FEB 2 6 1985 TO: HousIng AuthorIty FROM: HousIng AuthorIty Staff SUBJECT: Rec2ss1on of HousIng ReqUIrement for One PICO Boulevard INTRODUCTION ThIS staff report recommends that the HOUSIng AuthorIty authorIze reClSSlon of a 1981 agreement between the HOUSIng AuthorIty, the Coastal Commlss Ion and One PlCO Ente rpr Ises, Inc. ReclsSlon IS beIng recommended SInce permIts for the subject development proJect have expIred and are no longer valId. The CIty Attorney concurs wIth thIS recommendatIon. BACKGROUND On July 14, 1981 the CIty CounCIl approved a FInal Tract Map for a 20-unI t, 3-story condomInIum proJect to be developed by One PICO EnterprIses at One PICO Boulevard, along wIth twelve apartment unIts at l815 AppIan Way (see attached SIte plan). In November, 1980 the CalIfornIa Coastal CommIssIon approved PermIt A-l41-80 to construct the proJect WIth the conditIon that twelve affordable apartments be constructed on the 1815 Appian Way parcels. A deed restrlctlon to this effect was recorded agaInst the property In Apr11 1981 (copy attached). The deed restrIctIon prOVIdes that the Clty.S HOUSIng AuthorIty would admInIster an affordable hOUSIng program by WhICh twelve apartments would be bUll t on the 1815 AppIan Way parcels and - 1 - H~ -.z.... FER 2 6 t98S e e rented to persons earnIng no more than 80% of the County median Income. Four unIts were to be one-bedroom, 4 two-bedroom and 4 three-bedroom. The affordable unIts were to be constructed prIor to the condomInIums. Al though the Coastal PermIt was extended In 1982, no buildIng pe rml t was ever Issued by the CIty. The Coastal PermI t has now lapsed. Our lng the tIme SInce City approvals were granted, the proJect developers flIed for bankruptcy and the propertIes were taken over by ImperIal Bank. Several legal challenges seekIng to enjoIn the bank's abIlIty to sell the property have been unsuccessful, and the bank has closed escrow on a sale to another party. The new property owners deSIre to remove the affordable hOUSIng deed restrIctIons from the property tItle. ANALYSIS Staff belIeves the request to be reasonable, SInce perml. ts for the One PICO housing proJect have expIred and are no longer valId. Any new development proJect at the SIte would be subJect to CIty and Coastal CommISSIon revIew and ImpOSItIon of appropr late reqUIrements and restr IctIons, l.ncludlng applIcable CIty Incluslonary hOUSIng requl.rements and prOVISl.OnS of the Land Use Element of the General Plan. The CIty Attorney has reVIewed the relevant documents and concurs wIth the staff recommendatIon. Flscal/Budset Impact No fIscal/budget Impacts are antICIpated. - 2 - e e RECOMMENDATION It IS respectfully recommended that the HousIng AuthorIty author Ize the chaIrperson to execute the reCISSlon document on behalf of the HousIng AuthorIty. Prepared by: Paul SIlvern, DIrector of Planning Kenyon Webster, ActIng Program & POlICY Development Manager Program POlICY Development DIVISIon CommunIty and EconomIC Development Department Attachment: A. One PICO ProJect SIte Plan B. Deed RestrictIon C. ReCISSIon of Agreement ImpOSIng RestrictIons on Real Property hSgpICO - 3 - ~U" ""~~-:. ..~~.~:.t g;?7;,j2010l.i~ ~" 1'0 ; ~ e ~ !1I Ate: ..... MAIN <" · kl . '" '''15.. .. : I,: : :~ -'~ l:i~~~j~.T;{J;J · ~ - I · I · ;' J:,i~:~i~ :!:! -I '11 (1. t.~flJ" ,I . , _; '. · 1 ," < - .. u -. < , ,.r . ",~ r _. e , , 'I n' ". ,. ,. J '" I ) 1 " " " I T : '"!"' ~,I 1 '0 L :3 i I~ 'S i ~. 5'1 ~ ~I ~ 0. ~! I ,- '0 p ~ i ~ *1 ""i,-as: __ 51 ~~ '0 I '0 I .. I " ; ,. 1 '" ::l, 1 'I tij[ ~! 54 -i~ 5 I 24 ' ?,,3 : "2 : 2' , 20 . ~'2621" 'i 1 ~S ~ , J":' ...... i T I, n. I ~, ,. 1 " ! ..L 1 J. : V 56 - ~1. . ...... _ _.- ~. : i ... ~ ~I{ - oS' sa & * . ! 5":1 ~ .~ ~ ..~ ~ S!= .... :..: __ ~:: ..:; I J,~ /'?,. 60. :; i. _ 1'0 SO ~ 8 ... ~ ~' @ '~j;i \::, :.J{ ;~ ~jM U'\'i?/rol "" ~- "' ~""I .- _ ~~ ,~(( (( ilt: 4( hi in 4..::--14o'lj,&(l140:: 'No.. ;\~~ :~JJI ":',~ : I: ~ ~~ 1 , - sg .,. 0 ~ " 5::? c... y ~~~~~~~ I ,~i c ~ I - , , , , " ,- , .I I I WAY <<" .. ... .. ." . .. ...~ .fI . . .~''',,!~J'ojApt_ I ,-" ~~~~~E 2 """,- ,- ,- 1_- -, ,- ,- ,- ,- I" ,- I ,- I PICO SITE AFFORDABLE HOUSING SITE e :1 .... "" <n ;( IZO: 1 ! fP)i~ IA\ r~;:. ~ ~ ~ ~ ~ " ""- i .' 1 it I . Ii. gfi OCEAN ~r X!! l,1 ~ .t Ps ...~ g~ .... , '.. ~ ..... r !/ . 7. ... .. CO ... ! ~ ~ r j QRe:SCe:",,~ I I BA'f >- LPARK <( 'Q r i I r . , I l, --------- ~: ~ I.. ~ ~ . - t' t:X H \ HI' .D , ----f .r\ c- ...., ,,--11 P d r c. e 1 :~ 0 . . tf' , l e- ~""1~' r,jej t.. 'IJ .1 \J tJ \~l:1 ]. ] LCC-'l{l, . ., ~.J j , C,ll~:o:!:n:2 Coc!<;tal ::OlT<1T;J':jr!l, {-51 lloward ~'..1.<,~t, 4th Fle,G" San franC15CC. Callfornl~ 9~l05 .\t~ ('nl ~ 0'1' lAT,']} 1>cpartmC:::lll i ; ) Sl--'8.C~ AbovE. ThlS L~re ) ) ) rrJ T Re eeL-'" ,_ r ' :; Use ,hCLl t t.:' :\:1 T.;< i~j! ()r,!.J,C ~ r:. i:,. [(T] i{~!-~~, j-~r ,\L ITGr'U;'l'Y THIS AC~EEME~T lS m~dc by and Lptween the CALIFO~- 1'11. CGAS Tj.~L C01'1:11 SSIOX (here lTIu.fter ,. Coa~ ::al Commis sian'") , 1 -'Ol-~T~-"" '-7"','C'''-'TT' o~ T"- r-Tl"1..' 0" r'NT" , 'ilO~'lC~' (1 t It- tl,_ ,,'::JJ-!~u .t.L in '1',_ ~ ! tiL I~_ .1 i' ~hL .J. 'J. 1'. .~ 1ereln- ,) i 1 e r ~ he "Hcus 1 ng Aut:hOl"l t.. "." ). and ONE 1] CO EKTERPRISES, Il-~C (hereln.1.ft I2T "ll('vclcnC:l'U), :::;, of th ~; 1 . ; day of r::,1 -~ ':- ,{ ]980. h'HEl~L,"S, Dc ve lope:;:" lS the o"mE:r Df rroperty lD the Lc...:~t..2.: Zone Joe?" cd .lt n":'L Flee BouleY2!",; (1 c;r'~ p2.rtl-::l:l~r- J i C, I ~ ~ ~-. :;.~ l b L d : 1 ~ ~... ...!. l 1, _\ l ;-_ ::-J :;: 1 r J 5 .._ ..~"'L (l.iore !)Z.:!....tJ c- l' ] t1 --: - (~C ~, r::: J l' C:' ~ 1...,-.1- '- L _ '_ 1 1.. S;] 1) .O~ i\.ncc->- t ~~ '_ l 1 Cj.~~ t...~;'Ll- ~~-. Co t L ....... ~ 1 (-- J 1 C ....... - ; '1 'r" 1 1 - .LJ. ~ 1 C )' 'iT 1 ~': ~ ~ _ Clj' r ' r\n (-':'2.) llnJ ~~- of hous~nc, and ~~,1-!EI~~ ' ~- , 'u::- S l: il ,-. ~ , . ... -.I... '=C;~i;:: ~tJ.ct oI , l ~ , , . ~ j L .....:.... ( . ~ ~: i : r J i ... , j (': ~:- ...~ .r" r.... J;!"..-o- 'Or- ~(.,- ?e-, i ~.. , . I ,- "i--.-.:::. 1 I ~!r".~.~Jlj[~ ':::~i. L i.l lo.... . c-~.l pi oJ L '--<.-.1. c- r-;.Hl'n} t.: P::, ( I. l ~ 1 ' ,- : L';dLl:E/~S. tLc Coo.~ L~,) Comnil :~~;] 011 h.l', d(-tcrm~ncd to ~ssue a permlt for thlS devc:8pment subject to condltlons Dt:rn - [.. 07 RI:CORDED 11'1 -OFFICIAL RECORDS OF LO: fiNuELES COUNTY CA J 1 t~T" I~ M, APR l' 1981 Rf~corder's Office . e \.-'-ncl-:. ;:Ire J;I~;~ 'SL,l for the. pI'11L "nel C"ll:-J-ound~ng }:1nCk1,.."lr-::~. ;JnG 1,.0.') thOllt ~'r~l-"; tIll tn,~11i.ll , Ir ~ .J Dl V, ] ('T'( r. 1'0 !; erm~ t ( (1 .~~ 1 ~3 b c~ J~. ~ U L d II ~ 1"1~ HPD,L/.S ~lll- l'CU~,l'lf, 1\uthu1'::'~Y 1'.,1s t)f:UI reej'JcstEd by DcvE:. J ope r ~ tlh ~ '] l-'Ja~ L <"' C 0'1'1;_:: u 1 ('11. L ~)d C211 f ornJ. d Dc:08.ri- llic:nt 0= H () U S II . I~ J 1l .; C 0 mm u ..' . ~ ' ~ ~ Dey f: 1 (' 1'1'-(.' Il t (lH':...-elnafte::.- "D.:- pnrrmcnt") tc> .LI!"] lU ~t Cl' 1 h( '.JIuJ lLlb~ i 1 t = p::. o~ :'a'p P- (JY;) cLd In tr-::...s Q['rcefll('nt l~O\',', Tlif J:::FOi:LI :;.!~ co.i1:,idE.rD..tion of the lS~ll;,'l(,~~ o~ the c'c:vElopu'\2n: PCTI"lt 2.1cd ":;L the l,('neill canferrcd thereby on the ~-. ~; ~ 1 (::= C t.: 1") ~ - { <i } ~ 1'" f - Y .. 1 ) C \' (' 1 (. per , . r:e1"E:l"')" ~O\'(:lld~l r s and arrees \1: 1.ll !..':: (~(.:,,--t{_ ~ 1._1 (. ~JIi n;. S~...! Ol~ :-1,1C tl.e l!ot!si!~S j~l]t horl.t) I' t J it ~ -; (I. - . , , -., . > ( ~ ' 1 ; (I. t ""1 l-J I. .. .1 -: 1 d J-" c ~. 1 1 ~ - t _L r J ' j t.<~e ._. j elll o~'r;l:,nL of t "e subJe::t prC?2.1 \;11~Cf1 t::1 c 'Jndltl(;r:~ and -:-Estrictc...';,):l'~ r--) ~) (-. ~ = < , }.j ::t. ~ t~ll~" ,_:i, L-:1 L _~ '"-- .;.~-;.. ~-.~-..:f_~~..!~._~ aE:tL-t:"~... r-__ ~ollo"~","'s: ( 1) :Jns t"r" 1 '(1~"', c :',:::.. rE:nt t,,-elye _ a;: .........- :- .~~ ~ ~ '*" i "h. - T ., '\ d '- ._' J I )J <:: ~ LJ ~ ~ ~ ~ _ d (: . L. L'ill:t B. t.:-'-.... -: ~1 ... :'. '- ,;.;r ~: q;h1..j-- fer- Cf'!lt _,rln~JI'" :... D \.... J.',) [, 1 t- n( { Ll r J ~ a :1-;1,1] lj tn(.dl,} L lnCO'nl? for the Los Angeles l'1etropol~t.~n :ddtJst:!.C.al ,-\1'2<:, as dell-Bed by the Oft - 01- 331103 2 e e D'O'l;.J.rtP~'.,t (f JicuSln? ,~r'l~ UrbilI; UCV' ~O:tmlelit ("HL9") and as ,"_'j;; .tL'U fL; unit Size (dcscrlbcr: belc>\..... ,!'1 pdJ:-ugraph h(2)); pJ l""'] drd r however, t 11'-1 t ) f ,J ',nl)r-; 1 (ly pro.-, '-dIP under Section 8 of tll, :,0us~ng Act of 1937, amen::!""?'}, cr <: ny other C'onparable ~:d)s H1Y ploSr~r.--:, IS a. va l j at)lc to ccve] OP'- :, then Developer shall J ;-'I~t fO:Jr (4) of th: l'd::fo::"(:~lLl 0: l'r:' ~" tc IJ~rSon5 earnIng not more ~_I:- '1 [lfty pE.'l-cC;~t. (::;C:..." c' t..!'c then r:1..11 ru,'-: rJ.;lDual Pledlan Income ~ ,-'>1 ~bc Los Angeles }.:ct.::opcl~ ~an St-l"':'lS ':~ cz,l l\yea, as defIned by f: l';; ana as a;:'.l-lsted :0..... lllll t SIze (oeser] bee below In , i, .;-' It; ~ / ''I -J"'^ 4{~/'~"1 . '/rj I ~ ',J , (;:5 Ii ~- ~ ,~,:pE.' E'lghL (~q lEJYI..-dn '.11'::j Ul1ltr; sh; 1 J b, rented paragrap~ .j-i { :} ) . to persons cc_;.:,:inSJ not fJlOrC thi:m 8.1-c1'7-\. I'<3rccnt (80-j of thf'~ then current Jl1rucl medl.::.n InCOIT." for ij,c I.ClS i\ngcles ~'~etropoll-::an Statistical hrca, as doflned by HUD anC 2~ adJusted ~or u~it size. - -: i l): l (. ) l i I I 1 . ~ _ . i '> .. (-c~). (2) i~-("'J l"'i_ 1: t Lrli ~ . \ I j c.} (~.J.l.~l C: LJ~ -" - "=i ': d. n~GnLhl~/ rcr~tc.l .catt':o '-)cL.:...."ll t(:. t l1C ~:..'I -( ~:-:- f ,:] J- !~:z-' .: 2"[" rent: - r ~VL ~;~is!"- J 1 ~ 'loJ :. c ~ ~J l n ~~ c"l S t.. _ J 1..L' I ~-~ ~: !' ~"'!l"';(~( - ~ ("If t.[l~: Uous- " . -,-;~C"t (l r J-.. C) '--4 --: ~ . J.1CIl' ! ( ,: . p~ U fH..l C :.- (. 1 rt1i I )C\;C~ 1.;' . i. J 11'- L.-' ~...~i):,~L~.:. 1 rQ',:r"lil l5 u'y".:1lJ dblL, 'lhC'Jl 2 (J!~J I ":'" <~ t.C) rent... the ,. . 1.1(' , 1"-, t.. r' l~ ~' - ~ J T-' -. ( th2l1 J ".. "_ T 1 ~...., ~ ~ 0 - i 1 .. !-.._{lr!.: -~(~ l' I > ,t d .) ("):.. tt1'2 .....~.:..J-..rellt anr.:.l." 11 :nl~-. ~":.">- 1 l1C. :",p.:,-_ - , >, I '.,,-. i.-.(] ""lLJ C~.~ S-L'tl.SL:i cui !ire;} ~or a (anllly of fOlJ'- ;-;::., ~io' fl'H'(l hy l~i;Ur ,HIC' ..l:> i3.djust.t!d for unit s~zc as followb; the m;d.~Cl.n U1CCFlC for a far:uly or J 81": 331103J , e e lC)t:l '11:111 :'1 n;p}t1]'lH.l h;. ('I /[1 1,'J a ~.tl1d10 mut; by 0 80 i.., : 0 {' ~l (' . 1) ( d r 0 [1 Tn \1', 1 t; ~) \' O. 9 '1 f (1} il t \,' fJ ~ h { . d r U 0 III un 1 t; by 1 u~'~J :Cor u. t...~.:r'ee~b~jro'Jm urnt, dnd 1 22 for a four-bedroom ...11 1 1 Thus. fOl- eX~'i'li-')c? ;'1~~.u'nJng 8. mCCLiar: lncome for a i"-"~c-l" ci fO~l1' oi $~H.OOO, J. cn0>.b<::croom llI1lt ",:ou1d rent for he .LO'neT of the faJ r p'wrket rent OT 0 8 (80%) x $18,000 x F (.,WIt Sl::C c:dJt'~ tr"ent) x 0 2~ (25%) - 12 (months) = $240 FE:: ~l'onth rE::1tal (.:.) Tr nC~l':Y 1};' 1101\:::111[' A1J-.:i~or)ty In \.JTl.tl.ng of tl~~ ~,l ':3Cll1CJ(>'" 11'1 til( j.ffOl"chL!c UInts (4) 10 l(;:t thc J.~:C'ld,lhlc Up'1s to persons , . (- :. [ ~:-~c U', e H 0 U ~ - n~' 1, \ . t h [l r -:. t- y, c: 11 }--. J ': (t ~ 0 D ~ vel 0 per 1 I -...J11~-~ ~~I~l~ I" ~~1.....:\()1 (l:J<- c..l_un:., La :::Cllt the .L.fford- IT-:-., t.... -: .-:i"- ~. . t - r 1-. r 111Pl;Cc1 tc~ t11( alnll ty and 1 -'lC 1 '. : j, ! "cni ,t}.l.ll'=:' ~'nd h:tstory of , "I' .:i l'] f 1. i T rc.,-,..;!.] S h<1] 1 1,Ot. h<:: U~lrc as 0n- io~:-dJblc Unlt:, PU:J:~L ..L ::0 the .. 1 }.....] ~ ,,-_1,.,,-::1 (. <'~ tlul..~, C: ,"'. {aTln of leas{ ~ttJ.ched hereto as ~_, " _ r" '-' . " ~jl t "0.11 Dee ~:)n- " , L I..J' t ,', (l 0 J ~ I ~ - I~ I" - : i 1 ~: 'L _ ilr- 1 <,' .:: 11 ;::.11 I' (; (~ c n ~ t r II C t cd as ~ .. L' - b c cl r (j c Ill, (' 11 C - 1> 0. t ] ] \! n ~ ::-.... u.f ;1 t.. 1 cas t f. 00 s g u are fee t; and 81':' 331103 I. ~ e . . ~ . ... ". of tLE: unl.tG slLQ.]~ t..( COll~", l:"lc.lcd , '" u. _' thrce:-b<:droo1n, . , . , 1~ h lllnt '; of It if' I' I 1,C'DO . 'PIlI c f" I (1) '~!!.:1t DevcJC']'cr '"J]] !lot r:, '~e PSCI"()\-; on the 'U CClllc10rLLPlllltj unIts ,:or:.~~tl'l'ct(>d ~i l_"'Jle PjCO 1~ou1cvard, d, ~~ C J :i- ~' :.: cJ JD f-o:1n In t , .}:.. ]- l1nt c 1 1 110)' 1,~"\,(, nr,t lflea the Houslng .\ ~t. lO~-l ty 1.n v.Tltlng ih;,t r~Dlal vacanCle'-' CX1.st In the ......:::-rorc2.bJ!:': t:rllts C(ln~trllctcd 2.~- 1815 /..ppl-'l \.'2:-/, de::crJ..bed :.r: :::J-nt:-l t l' Once uExelo?e:.- so not l II E:S t he Agency, thi s t.; II Li:lcnt 51...;}: 1 Lerrrllncl"LC ,l-le' f,QrOll'C' .){ Il' 1 u:-tber force and c~fect wlth ~esFect to. and sb~l] no lon~~- be a r~strlctlon (.11 or 3gs1nsL, l-un \~-l t 11 .:lnd . I btlr....1eI" .. (l r 01 1, C rvn 'j e affect) the ?~Orerty deSCT1.beci 1n Exlnl':.t , j. . 31-.,1 r lH:'r. "ft E:- r the 1 egal L"\ 'I, :":::; u1 SJ1,; l~rL';:>c:rty shal] J-.., [ ."I~; ,,(. ..JLSlb1..] 1 ty \-.'hatso- r ..... t. :. -:...: j- t 11 C C (j ~ - ( _ ~~ ~ ;.. 1. '-'n -1 ' i "\ ~ 1 C111~l. J t.. ~- ~J ~ IG L r 1'hl' l!Ll'~ C)-~ /-.--1 j \ I ,,' 0: 10 ~ L:: J S r - ;. ~-- _~:~ic J i j .... ~ \ -11 . < ... tho J r; J ~,LJ.- r::-.l1")h ;'(1) hc.:'('of and \...~....c . ~} l .., . - , . 1 ~ ~, c ~) e f 1 t 5 U:1 de r ~, Ii ~~ r~- : J () 11 ~- ~ "-t ~ l {_I C C i 1. .- ...~ ( ~ I I . (] ) 1 _j ~ ...... c:' "- ., - .... -- '-~ ~_ :. ~ L ...., I ....T ..L ' -:.1 Ci =--- :-_i 1)1:" dJ_~l-~utc bctwec11 ~l:(-'" F-..lrtJCS lj'::1-f_tC-.. -_J11S:JIJ~~ out (~f GT rel2.t~ 81':' 33110a ~ -- . :1 l1g to this Llgrccmanl or bl"PZ!Lh thereof. the prev.:lll1-11.C p~n- ty shall be entJtled to recover from the 10slng party reasonable expenses, attorneys' fees allU costs. ("I ) ,L The HOllS 1ng _4l1 thcr1 ty mOl" as S len all or part of thl. s agrc CtnLnt to <1ny ot he 1 IHlb lIe a [',cnc} 1..'pon tlnrty l3U) days' written notIce to the Develcv~r. (3) In the event any 11.ml.~at10n, condItion, re~ t:;:-1 ct lon, cavenallt 0 ~ proVl s 1. on cant <" lnc d In this agree- meLt IS to be held InvalId, vo::..d or unen:-oTceable by 2.:"1)' CO:.Jrt of compet ent J UTl.sdl ct 10n. the rCli;L~lE1ng port Ions 0 f t 11.1 s as reement sha 11, ne'\"C'rthc 1 e s s, be <111C~ remCllIl In fu 1] force and Effect. (4) Lll .lotJCCS ~-€.qlllrcd uneiL" lIns agreement :-[;,lll be SCrlt by Cl:-tlflcd :'l2..1J ircturn ~".( ]pl_ TC'quc.sted. to :. J 1 t :. u __ J c r~ l '1 g ~1 ({ d j L ~ r-~ L ~ T~' l:{ :::,-~c'.:-ll CC'l11ll11Sf>c. 11 ,:ol'lh CO:J.st Re[ '''~1,1l Ct)m')~) SS10n O. Eo;: 1450 ~ ,= SEa s tOe e a n ~~, <-: ~ c - . ocnf, Beac.h, C2~:.for;1~ ~-'. Roan; ?lCi~ ~ jib G 1 To ~-:l.OUSJllL :lllthollt:,'. Hou S Inf'. Authori ~~, (j r t he c~ ty of Santa Monl,-d 1635 MaIn Str€'- t ~ ':lta "'loIllca, C. ~l~.(':-':l.1:-: ?0401 t-j'o ].~ '~t:" 1 or'c 1- :---'If u ~_~lte:- -: ~ scs II IllC. 1 _ 28 r', JT1ston \nc.~~cs. C 'c rc 1--rf(:-oi~1.1 9CC~Li:9 ':. 0 C()2;-t~1 CCli1ml.SSlOn' C;:ll.lCrnla Coar;tal CommlSSlon 631 Howard Street, 4th Floor San FranCISCO, ~a11forn1a 94105 Attent1on: Legal Department 81- 331103 6 e e To Department: Callfornln Depa~~ment of Housing and Communltv Development 921 10th StrEe~ Sacramento, Callfornla 95814 An) party may change the address to whIch notIces are to be s~nt by not1fYlnc the other partles of the new address, In the manner set forth above. (5) As between the HousIng A~'Lhorlty and Develop- er, DEveloper IS deemed to assu~e respon:lb1llty and liabil- lty for, and Developer shall lndemnlfy and hold harmless the Houslng AuthorIty and any and all of ltS offlcers, agents, servants or employees from and 3nalDst any and all claims, loss, damaGe, charge or expr.o.l1sc, ...:hether d1rect or lndlrect. to wh1ch the HOUS1Dt; Author1t:~. or such offIcers, agents, ~ervants or employees may be:- "':.. t_ C'r subJected, by reason of <.iny damage, Ics"-. or ll"JUT} of ;"'1, 1 J ~ld (d' natuTe whatever to T'LTsC'ns or ploFc-rty c a 1 : .~, d by (- . ,'ltc',p, from or J_n con- -'-_ct1cn ",':..tL <.1:':: neglJ - '-- - 4;..~ .. L ~~- ~ L G ; e ~ t .. ') j n] s S 1 0 n 0 y i a 11 u r e t l "'h \- -; - - J' ty to net, cn t~e part 0 f Devc loper 0 r an~: G f . II J L~ .'[fleer:, .lge;nts, servants. c-r"',::,lo)'ee~ Dr Stlbcon~:.~aCl O:-S }'- , ; ~r per.:ormance ber- l \~:,GQr lG) The coY(ncl'11~- .'.,1 C('Il..::l~t'..J,~- lWJ'Cll1 conta1ned shall apply to and blnd the hE1r~. succc'sors and asslgns of all the partIes herf>to ,:l11d sllall nm vati1 and burden the 81':: 331103 7 e e , 1I1'JCL [ Fj'oP( rly I.H11 il t (::] 1Il111.lt 1.1 111 <1(.CUrd<lnCe w) th the r~r(lY J. :::] ('ns he reo f . (7) In the event the standard~ for establlshlng ~he monthly rental ~ate of the Lf[ordabl~ Ln~t set forth In s~bpa~3graph A(2) above ce~se to eXlst~ the partles shall substl~ute a sl~llar standard establlshEd by HUn or lts suc- ce5-:;01' Governmental agency If lhe partlcs are unable to agree ~pon a sutstltute standard. the partles shall refer the cho~ce of the SubStltutC s~;mdard to bl.~dlng arbl.tration 1-1.. ;)cco-:-d':;IlCe ~n th t he rules of the ,\mcr Lcan Arbltratlon l\ S so C.l. 3. t 10:1. . (8) The HouSl~g Authorlty shall have the rlght to t L :-lIl::n'::'LE' lts uLllf.<' lOllS t'Lc1eJ" Llns ag1.Qcment pY10r to the cia:,: cf t(~J-:;:1n.ltLJl1 hr>l-ein;:>ft-c.:::: c;ct fort:l. by providl.Ilg not _€~s - r .... I ~:: _ lJ. S 1 '.: l i:J! IlL: _ l I J < prlor ~rlttcn notlce to Developer, t",~ C'~_~tal l0;..11~-:=-" ". Lhe Reglonal C01;wnsslon and the -+- '(':- t - :-,. <" L', of thl' agre E:;-~r r. Eo dch of the .. .. - - ._ -.Cl C =-- _' rleemcd a rcprcs(~..'-=(J.tlve cf the class (J~ peI-~;uns to be bC'HLflied ulldeI' thlS ut;n,:ement, and lS fur- "'.:. hc-T d ., t -J. to b, '" · ::: ~ cL PQJ:ty beneflClay) of thlS d I _: e . I t -:-. ~ j ~ Dc -', L ~T .:' I .: n" ( ~ 1" r 1 r> d r, C L:.'] L] 11 ate a gal 11 S t <~ny ler:.oee e-r po::entl.~l lessee. because of race, color, reli- glon, sex or natlonal orlgln. Developer further agrees to 81": 331103 8 e e L<lkc 3ff1nnJt~ve actlon to ~nSlllC that no such person is d~~crlmln~ted agalnst for any of the aforementioned reasons. CIO) Vlol~tlon of thlS agreem~nt may be enJolned~ abated or remedled by appropridte legal proceedlngs by the partJes hereto, the RCgll'i1;Jl COllllP]SSlon. and/or the Depart- ment or thelr rcspectlve successors, helTs, and asslgns. Damages at law for any sech VJClatlon are hereby declared to be Hladequate. (11 ) ThlS agreement constltutes the en~lre agree- ment bet~een the partles and no modlflcatlon hereof shall be b:Lnding unless reduced to Hrl t-.1nc aud SJ gned by the partl(~s hereto. (12) All questlo~S perta.1Dlne to the valLdlty and lTItErpretatlon of thlS ~gr~ :]n~l t shJll ~~ dcterrnlned ~n accord.:nCL \d ill. the ;ZJ\.'s e.j ,-;" 1 t'~'rrna afT]:I r:able to (:011- t r act s m;... d l'. ;) Il d to I, r ,) ( r r C, , ~]thl~ the State. D rl~':;..na t ,), 11n s a;:: 1 c . t :- c"lC lir~'; / /' Va ld t n.~ rty (:q yea 1 s 'i::-olll 1 '-]r-,~ 1 ~, V ~-,-,j become null and - . ' i)1 J/f/ _ ~d~e of recordatlon hereof U ::11 e ~,.-.. t- a 1."1 i e r t e r~r : ~ -~ L 1 t e G . c:r..t :....... t. ~ I':ov~s~ons of s~bp~rab~-d~~ A(7) abo,-e 2~ ~-(, :-:-('1-'- ,y de~crl.bed 1n 81- 331103 9 e e [Xlllb~t A or to the prov~Slons of subp..ragraphs C(8) and/or C(ll) aboYe. IX wITNESS w~LREOF. the partles h~reto have caused thlS ~gree~ent to be entered lnto as of the day and year f~r~t above wrlttcn. CALIFORNIA COASTAL COMMISSION --------- -} () l~'PAfr ~ Ey ~vv VA Tl-" d-~/ /I. C-o</ OKE. PI CO LNTERPRISESJ INC. - I i - 'l ',-'^- ,_./ By ,. / , \ /,/ c---- \._~x [dPFo\rl~D h~ TO L.cGI~L FGR'!: HOUSING AUTHORITY OF THE CITY OF SAt;TA MONICA ,-" (, C \.- ,,-~- \ ,t _\_j L~ ~JNlML,._)~~ ; - , '-0 Cl-l-". 7\.f-t( '-", ...1 .........L.o;...... ~....J ~~...... J!~ i ., " . i \ ',t. / J Bv i (,~ I ., , A/' Y .L'-.j i./l/<..- , / ij . ( '- .t / ( ;; /7 /// I. ./ ,--JCZ-t4t/t-<-<_ L-... J 81- 331103 1 \ .., 't ~ r -.. " ". 10 ! e e . . F~ I -I ,,-j"~,ll'r~F~. i "~I (;_"~-I,;_" ."n-' L.CS j\l\GLLJES Cl' thlS Jst. day of Ap]l ]9P1 b!..::t)l"~ no, thr unClel~"r:ll('U N;;t;.", T'.JhJ 1(" pC'1.'~ondlly I] "".1' ("d " , : 1'1 ~_f , . \ 111111 1,1, _ _ _ ______ ___J }~r,_::n"L.nl t"rj FtE to be the thL~l.~ ~~T ~'."':,,-"~i~2~-hJ2~~pct~~__.._~~~._.L). r oa~t ~)C:-} oor'1 t of the Callforr:.la Coastal (\:,1~rl SSlon Llr~~ }'''G\<lll to 'c t,o be the 1::. LY~2P ....ho execc-ccd. the \,- J ~l~ 1'1 1 ilst ~-ut'"l r n:. 01' bc:h3.: f of s2.ld '--'()lr"'i~~,5l0]. there 1 n JiX'lU]. ,lhl ,v} "U',,' I, d(]/d lu me l' ,,,j ::,uclJ C-OITlIlllSSl.On c_;.ecl~ted the \-ilthl'"j If'<'':''YUncnt '''t t 1,,' :"'n.,',r-;/~c; t:J r'-~Jn contalnE.'O. :;:;~ \",'IT~";ESS WHERrC'!-', heY','unto s,-t ;;.':( l'-1'1u c1CJ Oi:flC 1 al seal. /~7.1 //' / '/ / >_~ /~ ,/.\/ / A , / r,' \..' ,/ I ',/(/ ._----"- , / " "I I/-"\._ A......-- i",--- ----------...-.....--- -- ~ N~rary s1g~ature ~~=:''-'l-*c.....''. "'-~e_DEii iiIl' "~~r ~~""~"----1 ~ /D-"~", 0,11< .f" <;f~l III ~ 1./ "'(h'-' P lE BLANC . "1 &:.."1'::' ,'" ~ '.Er_ ...... Nt "'"f P'JP" ~c C"t;!Fn~NIA I I ~ t. ..J ~~"~r ...~ . G ~~" i:-- -4~ ~=- ~ j ~1 : " I~..r "1'1\i.. Oir tr trJ I: ~ V' '1'" ,., '-,'J"oIll',rr,il'HV I ~ :~....:;..,~./ tl..., I II 1I.~lOIl ~ ([ 1'1~,}1I 11.);\1 I ~ ~"~-jr-~r- (""_~U~r::.n:)~1JPl.1-" t-..~~__a.._a__..._.1 . 81- 331103 e e STATE OF CALlrORl.nA ) ) ss ) COUnTY OF SAii FRt,NGiSC(.! On t.r l..~ 21st dav -' of NCVi';: lBJ<Jl lQgO. b~for'~ me, the u~2ers1gred Notary Public, persoDdlJy appeare~ 'Yi Y'D'i'HY DC.1=~;r ~B;~ kno\.:n to me to be the J..EGI.:L COUNSEL of the C.311 forni<J. Cone; tGl COfi1mlSS ion nnd knovln to n.: to be the. pCOT3 on wh;) eXect~t cd the \0'1. thin in> trunent on be-b, J i o{ ~.<i~d Co;')nL~s)c', I ."111{j C'y.ccur-cd Lhc ~:.T;lC [or the pt:!"p0S e,s t~H~re:..u cO~:.t a1nc d. I1~ \-n':-~'JE5S HHL.KIOI;', I heTC'unto ~>cL lr.y hand and officinl seal. ~______~~~~<'-'o ~~ '.; :_ =,-- 0Ff-'ICIAL 'T .\L \ : ,.....'-~... 1~.fJ.'r_~)C)~~1 c.."'-......I/'~I K . .::- r ,_d~V i!--..';-L '... . .- "at '.':'.- ' C' -J , . ", J I~_'~"r". -1 (Coo I..,: ..~./ f"c'n-' exp r"'! JUN ] 2', ~ ~ 1 Q [../ ~ --> /~. -r;otary fiznaturc j ~/ ,/ / /7 <-f ~!.:-[_t->~_ ~-""....--- ..:::- _ ~~-:::.....s:."""~'" ~-- ~ -or ,...i.- . ..1U i rE. ~ t :{~i~1 1JZ1 Lc of Co'rnmis ~-:rOll Expiration .. .. 81- 331103 .t_ e e ,., ,.j SlAT~ OF CALlrOill~I~ ) ) ) SS COlJ~.::-'i OF LOS A.t~GELES I , ) , , " On . / , hefore me, Lhe undersigned, a 1\0:::2.:-Y Publ:c l.n and :tor Sed d Sta::~, pers:Jrla] 1y appeared j / .f" ,.. / / .' knm'Tl to me to be the ,< President of the corporation that executed th02 \n-::h:.n i"'1strument, known to me to be t1le person who executed the ~'lit!~i:1 ins::-n.lrr:.ent on bcl1.'llf of the cO!"T'nT8tion therein TlaI ;ed, and acknm.Jledgec to l'1€ that sl..lch corporatlon executed the wlthin instrmnent p~rsuant to its bv-Juws or a resolution of lts b02TC at j~rec~ors " ~= f,' t1::I~:';\.) US;f~'~~~~~IDE fe (,' "'~::'_ ;, ~ NOl A.{Y "u"uC CALll'om.IA f~ t \.'; ~, : ;) PRIN(.H-'At OffiCE IN t~ \ '-: . w~ l,t',SELES COUNlY {; '--~: :> My L'1'T1ii1 < "" f(p Jun~ 17. 19B] t.~~~~-~""~4"- -:;~ '\llt-:I~::S~ 11=\"F h3."'1G ,3!~C. 01-::i.C:'C:J: L~(( S~t;n~L~~-' '/- ( N,lli:lf )~ '>1\11 OJ (\11',>]'\1\ . q, '. I \ () 1 .. 'll'] . 81- a31103 {)r _- " .J- ~ - 'II II" 1'.- It-" li'lih 1....1......, 1, 1 '",d ~1\ J\lh'll I.l l-1I1 rUt "iU i (01 III"' .-111.' ~.. 'I' p~I"..lnJIl, ,tJp.. ~Ird_------=:! ~__~L~._tB-S---~~~1e h.nq.".~1 In nH" IL' 1,1. [r]l PT. <;.1.-1('UI ;u1d ~" .illVt;:.r-.....,..I..~........Q_..~-""-..--l U ~~ OHJCIA~SEo\l 1..:< _,t".~,' P. lE BLANC ....-""\~...,Jo~t~l . , I ~.~.""...". {f"~t.i' NOTJ;R\ PuatlC crUFORNIA \:~ 'fr.~!"'12 r'li~lCrPl\l OfFICE IN , ~...jjYJ tos ^NGElES COUNTY ~ My C~ml'lJSs[~n Eljl Ju/y2fl 1984 . L~~Q~w~=_~a_Q___________J ~_~~_ ________~___~~ifP:Jl,xr_;x,;_, ' ~.{<<)t of 11,l' corporation I"...t ('Xl'Lull'd Ih.. w1Ihm In~lIlJmrnl, aod oil. ri.,\<olcdjl:cd to mL ,hal ~",h cotp"r~ll"n ('xH.uled th. \\1IIno 1I1>lruml'nl put5Uanl 10 IU by-ldW5 or a t('sohJ- Hun 01 '" hu~rd or dJrcClon .~/! I' .~ /~ i !'./ r: J ;: Sl~ndturc.......:_/",/ /)(..S .,/). /,---- , ... 1 118 Name (l)"(".;j o. f'rtnled} Nn't.t}~ P\1.,,1- t:1 1 In, ....a\rl (: lOt{ -c:;,1.....~ (Till' t.rcn fur off.dlll no l.rif,1 uall J'1 e e STATr OF CALIF0lli~IA ) ) SS CC'GIiTY OF LOS ANGELES ) On ~ \ ~, ; before mE, the u~dersigned> a ~0Larv Public in and for sale SLate, perso~ally appeared JOHK J. BA.,l>1EH.1CK , known to me to be the Ch2~~an o~ the Housing Authority of the City of Santa Monica \ihich e:-:ecuted the within lnsr.'rument. knm"n to me to be the person who executed che within lnsrrument on behalf of the Houslng Authority and acknowledged to me that such Housing Aut hori ty exc. ct1ted the "": i:::h "n ins trUITIcn t pursuant tc n rcsol ut ion c~ ::.l:E: Housing AuthC'::-:..ty \-;1~.. : ~LS S rny. ri.a:J.c: ~;t ( of fic ~~ l seal I -- - ---- _....._~-- .......-_........~~-----------~-- \. c:: _:~:.- {- :: ~::- ~~ ) " 1 ....' ) 1 I ~ I 11,. ~ I f < Nc.:'Je) . \" ~~, ~ . j- 81- 331103 !,:, ',~. .... " ::Yf '1: 1'1;1 1\ j..r"-.--___-~-_-...-_-..._-- -, ....-~#...._ .......~~~...~......4 ~ e e IJ L1J.:EI'l/. Lot 31, also all of th~t r2~~lon of Vlce~:e Terrace, 40 feet \~':de, in the C: ty of SCiTlt2 nO:llca, County of Los !\ngGles, Sta~e c: Callfor~la, as sr~~~ C~ t~e map cf Tract Na. 1111, ~ecordec In B08k 17, Pa':;es lSs E::nc 155 of naps, In the offlce cf the County RecordLr of sa:d County, l~lns So~thea5terly of ~h€ centerll~e cf seld Vlce~tE Terrace, vacated by ResolutIon r:o. l433 of the City 0: SuntiCi 110,1C2, <: C''2rtlflcd CO?y thereof b~lDg recorded Ju:y 5, 1955 lr B00~ '825:, Page 110, OffIcial ?~ccrds, as I~strument Nc. 2i14, ana vac~ted by Resolution !~c. 2844, a certlflEd CQI?Y therEcoi" be:T1? recorded June 19t 1963, :" cOOK D2C7:, Pa~€ 46~, O:f:Clcl Recore:, as Instrument ;-:--::. 3 C' 50, t J '.: l ~ to \~'n lC:-- ....':-~,; d Fa ~ s by a conveya;;ce of sal d Lot 31, ~nd Lots 32, 33, 34 ~nd 35 of ~r~cL No. 1Il1, In the C_lY of S2nt~ Morlca, Co~n:y of ~05 Angel~s, State of Ccll:or~~z, ~s PE[ ~a? re2orne8 l~ Boo~ :7, Pages 154 and 155 0: !:at=:5, In the offIce 0: t:-H?- County Recc,rcer of saId County. 81- 331103 tit e IY ~ V. I T 1~. T" J....... k- L 1- _ --1 l ~ I Lots 10, 11 and 12 of Tract 1111, in the Clty or Santa Monica. County of Los l"lnge1es, State of California, 3S per map recorded iD Book ~/. Pages 154 ~nc 155 of Maps, In the office of toe County Recorder of sa~d County. 81- 331103