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20-0305_SJC MISSION VENTURES, LLC_Memorandum of Lease Recorded in Official Records,Orange County' Hugh Nguyen,Clerk-Recorder II I I I II IIII 11111111111 111111111111111111 97.°° * $ R 0 0 1 1 5 3 6 0 3 5 $ * 2020000098010 11:15 am 03105120 214 Sec2A M11 5 0.00 0.00 0.00 0.00 12.00 0.00 0.000.0075.00 3.00 MEMORANDUM OF LEASE When recorded, return to: SJC MISSION VENTURES LLC do Frontier Real Estate Investments 610 Newport Center Drive, Suite 1520' Newport Beach, CA 92660 -Attn: Dan M. Almqulst APN: Portions of 121-141-25&26 (Space Above for Recorder's Use) • MEMORANDUM OF GROUND LEASE WITH OPTION TO PURCHASE This MEMORANDUM OF GROUND LEASE WITH OPTION TO PURCHASE ("Memorandum"),dated to be effective as of , 2020, is entered into by CITY OF SAN JUAN CAPISTRANO, a munii pai co poration and general law city ("Landlord"), and SJC MISSION VENTURES LLC, a California limited liability company ("Tenant"). 1. Grant of Lease; Term. Landlord leases to Tenant, and Tenant leases from Landlord, those certain premises,In the City of San Juan Capistrano, County of Orange, State of California more particularly described on Exhibit A attached hereto and incorporated herein ("Premises"),for an initial term of five(5) years, with an option for Tenant to extend for an additional five (5) years, subject to the provisions of that ' _certain Ground Lease with Option to Purchase between the parties hereto, dated �GVi„1kC 2,‘ , 2020 ("Lease"). The provisions of the'Lease are incorporated herein , b' this reference. Pursuant to the Lease, Tenant has the option to purchase the Premises for fair market value as established by appraisal. 2. Purpose. This Memorandum is prepared for the purpose of recordation only, and It In no way modifies the provisions of the Lease. In the,event of any inconsistency between the provisions of this Memorandum and the Lease, the provisions of the Lease shall prevail. 3. Miscellaneous. The parties have executed this Memorandum of Lease as of the date first set forth above on the dates and at the places indicated in their acknowledgments below. • 61147.00310\32570502. i 21 4. Termination. When the Lease expires or is terminated by reason of Tenant's exercise of the option to purchase the Premises, Tenant and Landlord shall execute and deliver a termination of this Memorandum in form for recordation. • TENANT: SJC MISSION VENTURES LLC, a California limited liability company By: Dan M. Almquist, Manager LANDLORD: CITY OF SAN JUAN CAPISTRANO BY: A, � : Jama , Cit anager Mai: ri , City Cle Approved as to Form: Jeal n r, City ttomey 61147.00310\32570502.1 22 I r PUBLIC AGENCY FORM OF ACKNOWLEDGEMENT 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 Orange ) ss. City of San Juan Capistrano ) (Gov't Code 40814 & Civil Code 1181) On February 5, 2020, before me, Maria Morris, City Clerk, personally appeared • Benjamin Siegel,City Manager and Jeff Ballinger,City Attorney,who proved to me on the basis of satisfactory evidence to the be 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/there signature on the instrument the person(s),orthe 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. (SEAL) WI I SS R : hand and official seal. DfLi/ Maria IyIorri , City Cler OPTIONAL Capacity Claimed by Signers Description of Attached Document • Title or Type of Document City Manager City Attorney Memorandum of Ground Lease with Option to Purchase SJC Mission Ventures LLC Title • Signer is Representing City of San Juan Capistrano S ACKNOWLEDGMENT A Notary Public or other officer completing:this certificate verifies only theidentity.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 ) )ss. COUNTY OF ORANGE ) On Febeua9 4 , 2020, before me, j' JOe1SX" , a Notary Public, personally appeared DAN M. ALMQUI T, who proved to.me on the basis of satisfactory evidence to be the person whose name is subscribed to the within • instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. . I certify under PENALTY OF PERJURY under the laws of the Stateof California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. !• ,� J. JORGENSEN . ��,F=:.', COMM.#2225738 r^ . �' -� NOTARY PUBLIC•CALIFORNIA �� N r,- , 's ORANGE COUNTY • Signature (Seal) MY COMM.EXP.FEB.10,2022 T 61147.00310132570502. 1 24 EXHIBIT A DESCRIPTION OF THE PREMISES :0,-.:Ph4 - I C '3...,....., L r t , .. ❑ DEPICTION OF THE PREMISES .D • -Ell...:1'. 4 4'x. ! .- �` i r ' tto.....,,,f, ' pt.• ELL � V \ Y � y \_:,,,,,r.,--11 1 /s..:nn; r,...,,,,,,,,,;.:. . ,,..; ,,,,ow c.: i.- • • 1pf -a� 1 F IF t., 1r _ - t • lig:___'' .j_IPK' 2.,46?'.____L___. rus o,i,,;:25-rxu 25