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22-0526_SAN JUAN PROMENADE PARTNERS LLC_Letter AgreementORIGINAL 32400 PASEO ADELANTO MEMBERS OF THE CITY COUNCIL SAN JUAN CAPISTRANO, CA 92675 (949) 493-1171 (949) 493-1053 FAX 1n 1 ·w. sm1;11m1ca11istmm 1.111g TROY BOURNE SERGIO FARIAS HOWARD HART DEREK REEVE JOHN TAYLOR May 16, 2022 San Juan Promenade Partners LLC Los Swallows Inn Partnership PO Box 9 San Juan Capistrano, CA 92693 Attn: Gilbert A. Aguirre Re: Letter Agreement Authorizing Hourly Paid Public Parking at Mission Promenade/Swallows Inn Parking Lots Dear Mr. Aguirre: PARTIES: This letter shall constitute the agreement ("Letter Agreement") between the City of San Juan Capistrano, a California municipal corporation, (the "City"), San Juan Promenade Partners LLC, a California limited liability company ("SJPP"), and Los Swallows Inn Partnership, a California general partnership ("LSIP"), regarding the use of the Mission Promenade/Swallows Inn parking lot areas located off El Camino Real for hourly paid public parking implemented and operated by the City. City, SJPP and LSIP may each be individually referred to herein as a "Party" and collectively as the "Parties"; SJPP and LSIP may be referred to herein collectively as the "Owners". The City and SJPP (as successor-in-interest to San Juan Partners) are parties to that certain Grant of Easement recorded on March 25, 1996 as Instrument No. 19960143922 in the Official Records of Orange County, California (the "SJPP Easement"), which instrument concerns the real property commonly identified as APN 124-160-22 (the "SJPP Property") and governs public parking upon those portions of the SJPP Property improved and used for vehicular parking (the "Mission Promenade Parking Area"). Moreover, the City (as successor-in-interest to the former San Juan Capistrano Community Development Agency) and LSIP (as successor-in-interest to Stephen Nordeck) are parties to that certain Grant of Easement for Public Parking recorded on April 1, 1993 as Instrument No. 93-0214246 in the Official Records of Orange County, California (the "LSIP Easement"), which instrument concerns the real property commonly identified as APN 124-160-21 (the "LSIP Property") and governs public parking upon those portions of the LSIP Property improved and used for vehicular parking (the "Swallows Inn Parking Area"). The SJPP Easement and the LSIP Easement are sometimes hereafter collectively referred to as the "Easement Agreements"; the SJPP Property and the LSIP Property are sometimes hereafter collectively referred to as the "Owner Parcels"); and the Mission Promenade Parking Area and the Swallows Inn Parking Area are sometimes hereafter collectively referred to as the "Parking Areas." PERMITTED SCOPE OF USE: Pursuant to the Easement Agreements, and subject to the terms and conditions set forth therein, the City has a perpetual easement in, on, over, under, through and about the Parking Areas for ingress and egress of pedestrian and vehicular traffic and vehicular