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HomeMy WebLinkAboutD-2838 0 -2A3S This page Is part of your document-DO NOT DISCARD A 20151502840 „047,4,k,„ Pa es: llU 1U11IIIII X11111f 111111111111111II 1111 0u14 t __� /�� f Recordedled in Official Records �_,��I Recorder's Office,Los Angeles County, X __ x California • 12/02/15 AT 08:OOAM PEES: 51.00 TAXES: 0.00 OTHER: 0.00 PAID: 51.00 e 114 061 goy 1-evi tase- A-31({exifof---- Hil I1 HIO IIH H HI fl I UhI U II LEADS HEET 201512020300002 - 00011434895 11111111111111111111111111 1111 007250779 SEQ: 04 DAR - Title Company (Hard Copy) I flUfi101il RIO I 111111111111111111111 1111111111111 IBM • THIS FORM 1S NOT TO BE DUPLICATED 772 A EMI CHICAGO TITLE COMPANY COMMERCIAL DIVISION RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: ! METHODIST HOSPITAL OF SOUTHERN Pir l'11111 CALIFORNIA 111!, i i 300 W.Huntington Drive •20151502840• Arcadia,CA 91007 Attention:Bill Grigg,Chief Financial Officer SPACE ABOVE THIS LINE FOR RECORDER'S USE ONLY • MEMORANDUM OF LEASE AMENDMENT THIS MEMORANDUM OF LEASE AMENDMENT("Memorandum")is effective as of MYozBER/4 /5,by and between CITY OF ARCADIA,a municipal corporation("Lessor") and METHODIST HOSPITAL OF SOUTHERN CALIFORNIA, a California nonprofit public benefit corporation("Lessee"). 1. Amendment of Lease. Lessor and Lessee have entered into that certain Seventh Amendment to Agreement and Lease made and executed and effective as of/hvemAs /7,Zaa'in the form attached at Exhibit"A"to this Memorandum and incorporated herein by this reference (the"Seventh Amendment"),pursuant to which Lessor and Lessee have agreed to certain amendments to that certain Agreement of Lease, to which they are currently parties, and which was originally made on May 28,1953 and recorded January 11,1955 in Book 46609, Page 39 of the Official Records of Los Angeles County, California(which Agreement of Lease,as previously amended is referred to herein as the"Lease"). The Lease covers that certain real property located in the City of Arcadia, County of Los Angeles, State of California, more particularly described on Exhibit `B" attached hereto and incorporated herein by this reference. 2:. Miscellaneous. The purpose of this Memorandum is to give notice of the existence of the Seventh Amendment,all the terms of which are incorporated herein by this reference. This Memorandum maybe executed in counterparts,each of which shall be an original,but all of which,together,shall constitute one and the same instrument. [SIGNATURES OCCUR ON THE FOLLOWING PAGES] 60186.800 968756.2 1 finernc—fiQ V•rAl , IN WITNESS WHEREOF,the parties hereto have executed this Memorandum as ofthe date and year first above written. LESSOR: CITY OF ARCADIA a municipal corporation • By: 6G .f 'll,(s.G✓' AlKovacic Mayor A notary public or other officer completing this certificate verifies only the identity of the individual who signed the ' 1 document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of Los Angeles ) On /1-/7- ge 1$ , before me,)f yw Marte MUSS MSS&f , a Notary Public, personally appeared 6i r j A. 1L o o(LC.4 r , who proved to me on the basis of satisfactory evidence to be the personcg)whose name()is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(4es), and that by his/her/their signaturecej on the instrument the person(,d),or the entity upon behalf of which the person55 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. . USA MARIE LIDS E11 .:01111!!' Commission•2816005 g' liotszy Mao-Womb •Signatur1P- V ___ `"':`�ss i_ Amt 60186.80o 969756.2 2 LESSEE: • METHODIST HOSPITAL OF SOUTHERN CALIFORNIA a Calif. i nonprofit lic benefit corporation • By: - Dan F.Ausman President and Chief Executive Officer By: 11)taie.44^ William Grigg Chief Financial Officer A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of Los Angeles ) On �15 before me, " v . .' �7M,6'H , a Notary Public, perso y ppeared �� ', 5 , /MtIEL1„,who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s ' are subscribed to the within instrument and acknowledged to me thatke/ e/they executed the same in.bi1t.ef/their authorized capacity(ies), and that by bi57heiftheir 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. LAVONA IMM ::'I‘ '> Commission#1960704 Notary Public•California Si tore z \l ^J Los Angola County 7 3_ _' _ M Comm.Exps 0ac 15_2015 60.86.84.9687562 3 a A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of Los Angeles ) On i(hsy�j 5 before me, L&if p t��.. t4 , a Notary Public, personally appeared cwuwt- dui i(isri e y , who proved to me on the basis of satisfactory evidenceio be th person(s)whose name(s))Ware subscribed to the within instrument and acknowledged to me thatt e/ h /they executed the same inhisteritheir 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. LAWNA IMM Commission ►1950704 Noisry Public-California Los Angeles County Signature (.744/.7%—"A-X-44-- 11 M Comm.Ex Ives pee 15,2015 60186.800968756.2 4 SEVENTH AMENDMENT TO AGREEMENT AND LEASE This Seventh Amendment o Agreement and Lease("Seventh Amendment")is made and executed effective as of this jefiZay of/`it V on h 8i-" ,2015, by and between the CITY OF ARCADIA,a municipal corporation(hereinafter referred to as the"City")and METHODIST HOSPITAL OF SOUTHERN CALIFORNIA, a California nonprofit public benefit corporation (hereinafter referred to as the"Hospital"). RECITALS WHEREAS, on May 28, 1953, the City of Arcadia, a municipal corporation, as lessor, and Hospital Foundation of the Methodist Church, Southern California-Arizona Conference, a nonprofit California corporation, executed an Agreement and Lease covering the real property described therein, which Agreement and Lease was recorded January 11, 1955 in Book 46609, Page 39 of the Official Records of Los Angeles County,California;and WHEREAS, on August 9, 1955, the parties to said Agreement and Lease executed an amendment thereto,which amendment was recorded August 25, 1955 in Book 48769,Page 295, Official Records of Los Angeles County,California;and WHEREAS, also on August 9, 1955, Hospital Foundation of the Methodist Church, Southern California-Arizona Conference with the written consent of the City assigned its interest in said Agreement and Lease to Methodist Hospital of Southern California, a nonprofit California corporation, which corporation assumed all of the obligations of the Hospital Foundation of the Methodist Church, Southern California-Arizona Conference under said, Agreement and Lease;and WHEREAS,said Agreement and Lease was further amended by a Second Amendment to Lease dated July 5, 1956 and recorded on August 22, 1956 in Book 52099,Page 103, Official Records of Los Angeles County,California;and WHEREAS, said Agreement and Lease was further amended by a Third Amendment to Lease dated September 18, 1961 and recorded on January 27, 1966 in Book M2109, Page 272, Official Records of Los Angeles County,California;and WHEREAS, said Agreement and Lease was further amended by a Fourth Amendment to Lease dated December 23, 1963 and recorded May 11, 1964 in Book M1518,Page 761, Official Records of Los Angeles County,California;and WHEREAS, said Agreement and Lease was further amended by a Fifth Amendment to Agreement and Lease dated August 5, 1980 and recorded on June 10, 1981, as Document Number 81-578698,in the Official Records of Los Angeles County, California; and 964354.4 WHEREAS, said Agreement and Lease was further amended by a Sixth Amendment to Lease dated February 1, 2009, and recorded February 2, 2009, as Document No. 09-132665 in the Official Records of Los Angeles County;and WHEREAS, said Agreement and Lease affect the land described in Exhibit A attached hereto and the improvements thereon;and WHEREAS, in support of the Hospital's defeasement of the FHA Insured Mortgage Revenue Bonds (Methodist Hospital of Southern California Project), Series 2009 and the refinancing of the Hospital's indebtedness relating thereto("Project Financing")with a loan to be insured by the U.S. Department of Housing and Urban Development under Section 242 pursuant to Section 223(f) of the National Housing Act, as amended, the parties hereto desire to further amend said Agreement and Lease. NOW, THEREFORE, the parties hereto agree that said Lease and Agreement is hereby amended as follows: AGREEMENT 1. Effectiveness of this Seventh Amendment. This Seventh Amendment shall be conditioned upon, and effective (without the requirement of any further action on the part of either Hospital or City) concurrent with,the closing of the Project Financing, provided that this Seventh Amendment shall be effective only if the closing of the Project Financing occurs on or before May 27, 2016. Within ten (10) calendar days of the closing of the Project Financing,the Hospital shall provide to the City Manager of the City written certification of the date of such closing. 2. Extension of Term. Section 1 of the Agreement and Lease is hereby amended to read in its entirety as follows: This Agreement and Lease shall be for a term from the 28th day of May 1953 and continuing through and including the 27th day of May 2066,which period of time is hereinafter referred to simply as the"Term." 3. No Further Changes. Except as further amended by this Seventh Amendment to Agreement and Lease, said Agreement and Lease dated May, 28, 1953 as heretofore amended remains in full force and effect.This Seventh Amendment may be executed in counterparts,each of which shall be an original, but all of which, together, shall constitute one and the same instrument. 4. Modification. This Agreement and Lease shall not be modified without the consent of the Secretary of Housing & Urban Development acting by and through the Federal Housing Commissioner. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) [SIGNATURE PAGE FOLLOWS) 964354.4 IN WITNESS WHEREOF, City and Hospital have executed this Seventh Amendment as of the date set forth above. CITY: CITY OF ARCADIA a municipal corporation ATTEST:erk G A. vac yor Approved as to Form: Stephen P. Deitsch City Attorney 964354.4 • HOSPITAL: METHODIST HOSPITAL OF SOUTHERN CALIFORNIA a Californ. onprofit public b fit corporation By: - Dan F.Ausman President and Chief Executive Officer By: - 161_f9 William Grigg Chief Financial Officer 964354.5 • . • EXHIBIT"A" LAND DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF LOS ANGELES,STATE OF CALIFORNIA,AND IS DESCRIBED AS FOLLOWS: PARCEL 1: THAT PORTION OF LOT 5, OF TRACT NO. 949, IN THE CITY OF ARCADIA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 17, PAGE 13, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED'TO THE LOS ANGELES TURF CLUB, INC.,AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619, PAGE 275, OF OFFICIAL RECORDS OF SAID • COUNTY, THENCE ALONG THE BOUNDARY OF THE LAND DESCRIBED IN SAID PARCEL 2 AS FOLLOWS: SOUTH 51° 27' 00" EAST 481.12 FEET; SOUTH 38° 33' 00" WEST 150.00 FEET; AND SOUTH 51° 27' 00" EAST 30.00 FEET TO THE INTERSECTION WITH THE SOUTHEASTERLY LINE OF SAID LOT 5; THENCE SOUTHWESTERLY AND WESTERLY ALONG THE SOUTHEASTERLY AND SOUTHERLY LINE OF SAID LOT 5 TO ITS POINT OF INTERSECTION WITH THE SOUTHERLY LINE OF HUNTINGTON DRIVE, 80.00 FEET IN WIDTH, AS THE SAME IS DESCRIBED IN THE DEED TO THE CITY OF ARCADIA, RECORDED IN BOOK 9396, PAGE 145, OF OFFICIAL RECORDS,, OF SAID COUNTY; THENCE EASTERLY AND NORTHEASTERLY ALONG THE SOUTHERLY AND SOUTHEASTERLY LINE OF SAID HUNTINGTON DRIVE, TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THE NORTHEASTERLY 260 FEET, MEASURED AT RIGHT ANGLES TO THE NORTHEASTERLY LINE THEREOF, AND ALSO EXCEPTING THEREFROM THAT PORTION THEREOF LYING SOUTHWESTERLY OF A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF HUNTINGTON DRIVE 80 FEET WIDE, AS DESCRIBED IN DEED TO CITY OF ARCADIA, RECORDED IN BOOK 9396, PAGE 145, OFFICIAL RECORDS OF SAID COUNTY, SAID POINT BEING SOUTHWESTERLY 1859.0 FEET FROM THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED TO THE LOS ANGELES TURF CLUB, INC., AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619, PAGE 275, OF ' OFFICIAL RECORDS OF SAID COUNTY; THENCE SOUTHEASTERLY IN A DIRECT LINE TO A POINT OF INTERSECTION WITH THE SOUTHEASTERLY LINE OF LOT S OF TRACT 949; SAID POINT OF INTERSECTION BEING 4043.0 FEET 964354.5 SOUTHWESTERLY FROM THE NORTHEAST CORNER OF SAID LOT 5, MEASURED ALONG THE SOUTHEASTERLY LINES OF SAID LOT 5. PARCEL 2: THE NORTHEASTERLY 260 FEET, MEASURED AT RIGHT ANGLES TO THE NORTHEASTERLY LINE THEREOF,OF THAT PORTION OF LOT 5,TRACT NO.949, IN THE CITY OF ARCADIA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 17, PAGE 13, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED TO THE LOS ANGELES TURF CLUB, INC.,AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619, PAGE 275, OF OFFICIAL RECORDS OF SAID COUNTY; THENCE ALONG THE BOUNDARY OF THE LAND DESCRIBED IN SAID PARCEL 2 AS FOLLOWS: SOUTH 51° 27' 00" EAST 481.12 FEET; SOUTH 38° 33' 00" WEST 150.00 FEET; AND SOUTH 51° 27' 00" EAST 30.00 FEET TO THE INTERSECTION WITH THE SOUTHEASTERLY LINE OF SAID LOT 5; THENCE SOUTHWESTERLY AND WESTERLY ALONG THE SOUTHEASTERLY AND SOUTHERLY LINE OF SAID LOT 5, TO ITS POINT OF INTERSECTION WITH THE SOUTHERLY LINE OF HUNTINGTON DRIVE, 80.00 FEET IN WIDTH, AS THE SAME IS DESCRIBED IN THE DEED TO THE CITY OF ARCADIA,RECORDED IN BOOK 9396,PAGE 145, OF OFFICIAL RECORDS OF SAID COUNTY; THENCE EASTERLY AND NORTHEASTERLY ALONG THE SOU'T'HERLY AND SOUTHEASTERLY LINE OF SAID HUNTINGTON DRIVE, TO THE POINT OF BEGINNING. APN: 8940-013-005 • 9643543 EXHIBIT"B" LAND DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA,AND IS DESCRIBED AS FOLLOWS: PARCEL 1: THAT PORTION OF LOT 5,OF TRACT NO.949,IN THE CITY OF ARCADIA,COUNTY OF LOS ANGELES,STATE OF CALIFORNIA,AS PER MAP RECORDED IN BOOK 17,PAGE 13, OF MAPS,IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED TO THE LOS ANGELES TURF CLUB,INC.,AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619, PAGE 275, OF OFFICIAL RECORDS OF SAID COUNTY, THENCE ALONG THE BOUNDARY OF THE LAND DESCRIBED IN SAID PARCEL 2 AS FOLLOWS: SOUTH 51°27'00"EAST 481.12 FEET;SOUTH 38°33'00"WEST 150.00 FEET;AND SOUTH 51°27'00"EAST 30.00 FEET TO THE INTERSECTION WITH THE SOUTHEASTERLY LINE OF SAID LOT 5; THENCE SOUTHWESTERLY AND WESTERLY ALONG THE SOUTHEASTERLY AND SOUTHERLY LINE OF SAID LOT 5 TO ITS POINT OF INTERSECTION WITH THE SOUTHERLY LINE OF HUNTINGTON DRIVE,80.00 FEET IN WIDTH, AS THE SAME IS DESCRIBED IN THE DEED TO THE CITY OF ARCADIA, RECORDED IN BOOK 9396, PAGE 145, OF OFFICIAL RECORDS, OF SAID COUNTY; THENCE EASTERLY AND NORTHEASTERLY ALONG THE SOUTHERLY AND SOUTHEASTERLY LINE OF SAID HUNTINGTON DRIVE,TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THE NORTHEASTERLY 260 FEET, MEASURED AT RIGHT. ANGLES TO THE NORTHEASTERLY LINE THEREOF, AND ALSO EXCEPTING THEREFROM THAT PORTION THEREOF LYING SOUTHWESTERLY OF A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF HUNTINGTON DRIVE 80 FEET WIDE,AS DESCRIBED IN DEED TO CITY OF ARCADIA,RECORDED IN BOOK 9396, PAGE 145, OFFICIAL RECORDS OF SAID COUNTY, SAID POINT BEING SOUTHWESTERLY 1859.0 FEET FROM THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED TO THE LOS ANGELES TURF CLUB, INC., AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619,PAGE 275,OF OFFICIAL RECORDS OF SAID COUNTY; THENCE SOUTHEASTERLY IN A DIRECT LINE TO A POINT OF INTERSECTION WITH THE SOUTHEASTERLY LINE OF LOT 5 OF TRACT 949; SAID POINT OF INTERSECTION BEING 4043.0 FEET SOUTHWESTERLY FROM THE NORTHEAST CORNER OF SAID LOT 5, MEASURED ALONG THE SOUTHEASTERLY LINES OF SAID LOT 5. 60186.800 9687562 6 •,•y PARCEL 2: THE NORTHEASTERLY 260 FEET, MEASURED AT RIGHT ANGLES TO THE NORTHEASTERLY LINE THEREOF,OF THAT PORTION OF LOT 5,TRACT NO. 949,IN THE CITY OF ARCADIA,COUNTY OF LOS ANGELES,STATE OF CALIFORNIA,AS PER MAP RECORDED IN BOOK 17,PAGE 13, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST WESTERLY CORNER OF THAT PARCEL OF LAND CONVEYED TO THE LOS ANGELES TURF CLUB,INC.,AND DESCRIBED AS PARCEL 2 IN DEED RECORDED IN BOOK 12619, PAGE 275, OF OFFICIAL RECORDS OF SAID COUNTY; THENCE ALONG THE BOUNDARY OF THE LAND DESCRIBED IN SAID PARCEL 2 AS FOLLOWS: SOUTH'51°27'00"EAST 481.12 FEET;SOUTH 38°33'00"WEST 150.00 FEET;AND SOUTH 51°27'00"EAST 30.00 FEET TO THE INTERSECTION WITH THE SOUTHEASTERLY LINE OF SAID LOT 5; THENCE SOUTHWESTERLY AND WESTERLY ALONG TIM SOUTHEASTERLY AND SOUTHERLY LINE OF SAID LOT 5, TO ITS POINT OF INTERSECTION WITH THE SOUTHERLY LINE OF HUNTINGTON DRIVE,80.00 FEET IN WIDTH, AS THE SAME IS DESCRIBED IN THE DEED TO THE CITY OF ARCADIA, RECORDED IN BOOK 9396, PAGE 145, OF OFFICIAL RECORDS OF SAID COUNTY; THENCE EASTERLY AND NORTHEASTERLY ALONG THE SOUTHERLY AND SOUTHEASTERLY LINE OF SAID HUNTINGTON DRIVE,TO THE POINT OF BEGINNING. APN: 8940-013-005 60186.800 9687562 7 • , . .. • This Is a km and certified copy of the record 41%M-;=.T.(1.c941;->... if'thews Ota saalLiMpOnted in purOla ink, -;•4..q",t....4 f;;;g3)-II**, ;,,. of the Registrar...No-older/County Clerk . 02-2015 't:'rctP .__Ii:'-!‘:::. Off DEC in.' hi :'74-ri-i gi (4/14'.C°- . ' '-.' ' REMINKCOMetinitY- CHIc.. -44it. ‘. •rv,s4.›, LESCOIJN7Y;CALIFORNIA .1 91-"Wa, .4. i '--,%.,• GEtES:;:-r- ,4..... ......., .- FedEx Ship Manager-Print Your Label(s) Page 1 of 1 Shipment Receipt Address Information Ship to: Ship from: Marty Carpenter Amber Abeyta Carpenter,Rothans&Dumont City of Arcadia 888 S.Figueroa St.,Ste. 1960 240 West Huntington Drive LOS ANGELES, CA Arcadia, CA 90017 91006 US US 2132280400 6265745454 Shipment Information: Tracking no.:775128177566 Ship date:12/04/2015 Estimated shipping charges: 54.61 Package Information Pricing option:FedEx Standard Rate Service type:First Overnight Package type:FedEx Envelope Number of packages: 1 Total weight:0.50 LBS Declared Value:0.00 USD Special Services: Pickup/Drop-off:pickup confirmation number:JGXA447 Billing Information: Bill transportation to:MyAccount-749 Your reference: Aghili Settlement ,P.O.no.: Invoice no.: Department no.: Thank you for shipping online with FedEx ShipManager at fedex.com. 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