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PHILLIPS HUTTON PARTNERS, LLC - 2006
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PHILLIPS HUTTON PARTNERS, LLC - 2006
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Last modified
1/3/2012 2:20:20 PM
Creation date
6/6/2006 10:39:21 AM
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Contracts
Company Name
PHILLIPS HUTTON PARTNERS, LLC
Contract #
N-2006-044
Agency
Community Development
Expiration Date
5/30/2016
Insurance Exp Date
8/15/2006
Destruction Year
2021
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<br />\NSUR~NCl ON '>} , <br />''''.Y PROr"l"t1j <br />WOliK lVi, ""v(,~ \:YHRE8 <br />"Nrii\ iNSURI-\L,L - H <br />u" fo <br />g~{,....o ____ <br />ct:UiilOF COON,:. 1_ <br />[)~Ti, 5 ~3 (- 0 lP <br /> <br />0: C)>A (}.) <br />C\). ~\ <br /> <br />N-2006-044 <br /> <br />CITY OF SANTA ANA <br />and <br />PHILLIPS HUTTON PARTNERS. LLC <br /> <br />License of thirty-eight (38) Parking Spaces <br /> <br />TInS LICENSE AGREEMENT ("License") is entered into as of .3D~ay of <br />MAY ,2006, by and between THE CITY OF SANTA ANA, a public corporate and <br />politic ("City"), and PHILLIPS ffiJTTON PARTNERS, LLC ("Developer"). <br /> <br />THE CITY OF SANTA ANA AND DEVELOPER HEREBY AGREE AS FOLLOWS: <br /> <br />RECITALS: <br /> <br />WHEREAS, the Community Redevelopment Agency of the City of Santa Ana <br />and Developer are parties to that certain Private Disposition and Development <br />Agreement, recorded with the County of Orange Recorder's Office as Document Number <br />2003-000159468 on February 11, 2003 (the DDA); and <br /> <br />WHEREAS, the DDA provides that Developer, together with the other two <br />owners of the Phillips-Hutton building, shall License from City thirty-eight (38) non- <br />designated spaces of which six (6) may be converted by exercise of a one-time option <br />into dedicated, reserved parking spaces in the approximately 375 space parking lot <br />located at the Third and Birch Street Parking Garage ("the Parking Garage"); and <br /> <br />WHEREAS, the City has agreed to license to Developer said designated spaces as <br />covered, assigned spaces to be located at the City's discretion based upon operational <br />constraints and to provide the remaining parking spaces as non-designated spaces to be <br />located on a space by space basis at the first available non-designated location <br /> <br />NOW THEREFORE, it is agreed by and between the parties, that the foregoing <br />Recitals are a substantive part of this License Agreement and that the following terms and <br />conditions are approved and together with the Recitals and all exhibits and attachments <br />hereto, shall constitute the entire License Agreement between the City and the Developer. <br /> <br />1. License. City hereby grants to Developer thirty-eight (38) non-designated <br />parking spaces. Of these thirty-eight (38) spaces, the Developer hereby exercises its one <br />time option to designate six (6) spaces as dedicated parking spaces to be located on a <br />space by space basis at the first available non-designated location ofthe Parking Garage <br />at the' location shown on Exhibit A hereto, which is incorporated herein by this reference <br />as though fully set forth. Said dedicated and non-dedicated parking spaces will hereafter <br />be collectively known as the "Premises." The license granted to Developer is subordinate <br />to the prior and paramount right of City to use the Property in its entirety for the public <br />purposes to which it presently is and may, at the option of City, be devoted. It is <br />expressly understood by all parties that this license does not extend or vest any property <br /> <br />I <br />
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