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HomeMy WebLinkAboutAG RPTS 2004 0303 RDA REGJESTABLISHED Ua+ Is. Igor �ALlFOi�N�� �rY OF Resolution No. 2004 -137 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, MARCH 3, 2004 7:00 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COMMENT: 4. PRESENTATION /ACTION /DISCUSSION: 5. CONSENT CALENDAR: A. Consider Approval of Minutes of Regular Meeting of February 18, 2004. Staff Recommendation: Approve minutes. B. Consider Mid -Year Amendments to 2003/2004 Fiscal Year Budget. Staff Recommendation: Adopt Resolution No. 2004- , amending the 2003/04 Budget. ROLL CALL VOTE REQUIRED (Staff: Cynthia Borchard) C. Consider Subordination, Nondisturbance and Attornment Agreement with Wells Fargo Bank and Mission Bell Plaza Phase II, LLC Relating to Mission Bell Plaza Phase II Shopping Center. Staff Recommendation: Approve the Agreement and authorize the Agency Chair to execute the Agreement. (Staff: Hugh Riley) Redevelopment Agency Agenda March 3, 2004 Page 2 6. CLOSED SESSION: A CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark (Case No. SCO28906) 7. ADJOURNMENT: Any member of e public may address the Agency during the Public Comments portion of e Agenda, unless it is a Public Hearing or a Presentation /Action /Discussion item. Speakers who wish to address the Agency concerning a Public Hearing or Presentations /Action/ Discussion item must do so during the Public Hearing or Presentations /Action /Discussion portion of the Agenda for that item. Speaker cards must be received by the City Clerk for Public Comments prior to the beginning of the Public Comments portion of the meeting and for Presentation /Action /Discussion items prior to the beginning of the first item of the Presentation /Action /Discussion portion of the Agenda. Speaker Cards for a Public Hearing must be received prior to the beginning of the Public Hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation /Action /Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking orally for open Public Hearings and Presentation /Action /Discussion items. Copies of each item of business on the agenda are on file in the office of the City Clerk and are available for public review. Any questions concerning any agenda item may be directed to the City Clerk at (805) 517 -6223. In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Department at (805) 517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a disability. Any request for disability- related modification or accommodation should be made at least 48 hours prior to the scheduled meeting to assist the City staff in assuring reasonable arrangements can be made to provide accessibility to the meeting (28 CFR 35.102 - 35.104; ADA Title II). CITY OF N1Ot1RFARK, CALTFORNTA Redevelopment Agencv Meeting of 3-3-a0o� ACTION: V By: INUTES OF THE REDEVELOPMENT Moorpark, California ITEM 5 • A• AGENCY February 18, 2004 A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on February 18, 2004, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Hunter called the meeting to order at 8:02 p.m. 2. ROLL CALL: Present: Agency Members Harper, Mikos, Millhouse, Parvin, and Chair Hunter. Staff Present: Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. 3. PUBLIC COMMENT: None. 4. PRESENTATION /ACTION /DISCUSSION: None. 5. CONSENT CALENDAR: MOTION: Agency Member Councilmember Parvin moved and Agency Member Harper seconded a motion to adopt the Consent Calendar. The motion carried by unanimous roll call vote. A. Consider Approval of Minutes of Regular Meeting of February 4, 2004. Staff Recommendation: Approve minutes. B. Consider Approval of a Petition and Waiver Requesting Formation of Assessment District AD04 -1 (Colmer /MRA - Tract 5307). Staff Recommendation: Authorize the Chair to sign the Petition and Waiver and direct staff to forward same to the City Council. 00000:L Minutes of the Redevelopment Agency Moorpark, California Page 2 February 18, 2004 C. Consider Request by Catholic Charities of Ventura County to Sublease Space at the Moorpark Community Services Center and Food Pantry to the Moorpark Neighborhoods for Learning (NfL). Staff Recommendation: Approve the request by Catholic Charities to sublease space within the Moorpark Community Services Center and Food Pantry to the Moorpark Neighborhoods for Learning (NfL) conditioned on the lease income from this sublease be set aside by Catholic Charities for their capital campaign to build a separate, permanent Moorpark facility for the Moorpark Community Services Center and Food Pantry. 6. CLOSED SESSION: Mr. Kueny requested the Agency recess the meeting and reconvene into closed session for discussion of Item 6.C. at the conclusion of the City Council meeting. AT THIS POINT in the meeting, a recess was declared. The time was 8:03 p.m. The meeting reconvened at 11:14 p.m. MOTION: Agency Member Millhouse moved and Agency Member Harper seconded a motion to adjourn to closed session for discussion of Item 6.C. on the agenda. The motion carried by unanimous voice vote. C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark (Case No. SCO28906) Present in closed session were Agency Members Harper, Mikos, Millhouse, Parvin, and Chair Hunter; Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. The Agency reconvened into open session at 11:33 p.m. Mr. Kueny announced that Item 6.C. was discussed and that there was no action to report. 000002 Minutes of the Redevelopment Agency Moorpark, California Page 3 February 18, 2004 7. ADJOURNMENT: Chair Hunter adjourned the meeting at 11:33 p.m. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt Agency Secretary 000013 MOORPARK REDEVELOPMENT AGENDA REPORT ITEM 5" . b. CTTI' 01- , %, I ^ 'vr CALTFORNIA Re&t.- ` VV Meeting of 3-3-A004 AGENH TO: Honorable Board of Directors FROM: Cindy Borchard, Administrative Services Director DATE: February 19, 2004 (meeting of March 3, 2004) SUBJECT: CONSIDER MID -YEAR AMENDMENTS TO 2003/2004 FISCAL YEAR BUDGET BACKGROUND The Board of Directors adopted a budget for fiscal year 2003/2004 on June 18, 2003 and has amended it several times for various projects and programs. After a review of the current budget status, in anticipation of developing a budget recommendation for the new fiscal year, staff has compiled additional recommended budget amendments for the Board's consideration. DISCUSSION The attached resolution makes several expenditure adjustments to the currently adopted 2003/2004 fiscal year budget, with an explanation for each item contained in Exhibit "A ". These adjustments are all either omissions, or critical items that were not previously included in the budget. Changes in revenue accounts will be reflected in the Fiscal Year 2004/05 budget projections. STAFF RECOMMENDATION (Roll Call Vote Required) 1. Adopt Resolution No. 2004- amending the 2003/2004 budget as noted in Exhibit "A" to the attached resolution. 0000 04 RESOLUTION NO. 2004- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2003/2004 ADOPTED OPERATING AND CAPITAL IMPROVEMENTS BUDGET WHEREAS, on June 18, 2003, the Board of Directors adopted the Operating and Capital Improvements Budget for fiscal year 2003/2004; and WHEREAS, certain additions and adjustments to the budget are proposed to allow for effective service delivery for the balance of the fiscal year; and WHEREAS, the Board of Directors now wishes to amend the 2003/2004 fiscal year budget as noted in Exhibit "A ". NOW, THEREFORE, THE AGENCY BOARD OF DIRECTORS OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment as described in Exhibit "A" attached hereto is hereby approved. SECTION 2. The Agency Secretary shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 3rd day of March, 2004. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary 00000S Exhibit "A" Moorpark Redevelopment Agency Mid Year Budget Amendment for the 2003/2004 Fiscal Year Total r"1 v� 60,480 Object Current Current Amended Budget Unit Code Division Description Budget Actual Revision Budget Explanation 2901 - 0000 -0000 9720 MRA Low /Mod Debt Service Interest $ $ 22,200 $ 22,200 $ 22,200 Mission Bell; not budgeted; amount will be covered by Cabrillo interest. 2901 - 0000 -0000 9730 MRA Low /Mod Debt Service Principal 13,606 13,606 13,606 Mission Bell; not budgeted; amount will be covered by Cabrillo interest. 2902 - 2410 -0000 9123 Redevelopment Legal Services - Litigation 22,891 22,891 22,891 Mission Bell; not budgeted. 2902 - 2410 -2007 9122 Redevelopment Legal Svcs -Non Retainer 1,783 1,783 1,783 Civic Center legal services; not budgeted. Total r"1 v� 60,480 ITEM 5- G. CITY Or mOORPARK, CALIFORNIA Redevelopment Agenev Meeting of 3-3 -ADIDq ACTION: 3Si12 _ �.G - MOORPARK REDEVELOPMENT AGENCY AGENDA REPORT TO: The Honorable Chair and Board of Directors FROM: Hugh R. Riley, Assistant Executive Director DATE: February 25, 2004 (Agency Meeting of March 3, 2004) SUBJECT: Subordination, Nondisturbance and Attornment Agreement with Wells Fargo Bank and Mission Bell Plaza Phase II, LLC Relating to Mission Bell Plaza Phase II Shopping Center _ imi�'i The Agency Board is requested to approve a Subordination, Nondisturbance and Attornment Agreement With Wells Fargo Bank and Mission Bell Plaza Phase II, LLC Relating to Mission Bell Plaza Phase II Shopping Center. DISCUSSION on April 21, 1995 the Redevelopment Agency of the City of Moorpark and Mission Bell Partners, entered into a "Disposition and Development Agreement ( "the DDA "). Pursuant to the terms of the DDA, the Agency received seven promissory notes dated August 2, 1995, each secured by a deed of trust recorded August 17, 1995 as Document Nos. 95- 098479, 95- 098480, 95- 098481, 95- 098482, 95- 098483, 95- 098484, and 95- 098485, against the seven separate parcels of the real property commonly referred to as the Mission Bell Plaza Phase II Shopping Center (the "Subject Property ") . The deed of trust referred to as Document No. 95- 098480 has since been reconveyed as the note it secured has been paid in full. Pursuant to a Lease dated June 16, 2003, Wells Fargo Bank, N.A. has leased a portion of the Subject Property (the "Leased Premises ") from the present owner, Mission Bell Plaza Phase II, LLC, the successor to Mission Bell Partners. 00000", Moorpark Redevelopment Agency Agenda Report March 3, 2004 Page 2 Wells Fargo Bank and Mission Bell Plaza Phase II, LLC have now requested that the Agency enter into a Subordination, Nondisturbance and Attornment Agreement (the "Agreement ") which provides, among other things, that in the event the Agency should become the owner of the Leased Premises (for example, in the event of a foreclosure), the Agency would be subject to the terms of the Lease as landlord and Wells Fargo Bank would be required to acknowledge the Agency as its landlord, i.e. "attorn" to the Agency. Pursuant to Section 205.e. of the DDA, the Agency agreed to execute a non - disturbance agreement such as the Agreement upon the request of Mission Bell Partners, or its successor, provided that the tenant has executed an attornment agreement to the reasonable satisfaction of the Agency. The attached Agreement has been reviewed and its terms negotiated by Staff and Agency Counsel with Wells Fargo Bank and Mission Bell Plaza Phase II, LLC. STAFF RECOMMENDATION Approve the Agreement and authorize the Agency Chair to execute the Agreement. Attachment: Subordination, Nondisturbance and Attornment Agreement 2 000008 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: SPACE ABOVE FOR RECORDER'S USE SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT THIS AGREEMENT made as of this 3rd day of March, 2004, by and between THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK ( "Lender ") and WELLS FARGO BANK, N.A., a national banking association ( "Tenant "). R E C I T A L S: A. Tenant has entered into a certain Lease (the "Lease ") dated June 16, 2003 wherein Mission Bell Plaza II, LLC, a California limited liability company is the Landlord, for certain premises (the "Premises ") located in the City of Moorpark, Ventura County, California, located within a shopping center legally described in Exhibit A attached hereto and made a part hereof (the "Shopping Center "). B. Lender is the beneficiary of: (i) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098479, encumbering the Premises. w: \opm01 \redeve10pment snda.1 — 1 000009 (ii) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098481, encumbering the Premises. (iii) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098482, encumbering the Premises. (iv) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098483, encumbering the Premises. (v) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098484, encumbering the Premises. (vi) A Deed of Trust wherein Mission Bell Partners, a California partnership, predecessor -in- interest to Landlord is the Trustor. The Deed of Trust is dated August 2, 1995 and was recorded with the Ventura County Recorder on August 17, 1995 as Document No. 95- 098485, encumbering the Premises. The Deeds of Trust listed in (i) through (vi) above secure a loan or loans from Lender to Landlord and are w: \opm01 \redeve1opment snda.2 — 2 — 00001 0 individually and collectively referred to herein as the `Deed of Trust ". C. Each party hereto has requested the other party to enter into this Agreement. A G R E E M E N T S: NOW, THEREFORE, in consideration of the above Recitals and the agreements of the parties set forth below, and for One Dollar ($1.00) and other good and valuable consideration, the parties hereto agree as follows: 1. Subject to Paragraph 2 below, the Lease and each and every term and condition thereof, and any extensions, renewals or modifications thereof, and all of the right, title and interest of Tenant in and to the Premises are and shall be subject and subordinate to the Deed of Trust and to all of the terms and conditions contained therein, all advances made or to be made thereunder, and to any renewals, modifications, supplements, consolidations, increases and extensions thereof. 2. Lender agrees that in the event of foreclosure of the Deed of Trust, or other enforcement of the terms and conditions of the Deed of Trust or the exercise by Lender of its rights under the Deed of Trust, or if Lender comes into possession or acquires title to the Shopping Center or Premises as a result of foreclosure or the threat thereof, or as a result of any other means then, provided that Tenant is not then in default under the Lease beyond any applicable cure period, such action shall not result in either a termination of the Lease or a diminution or impairment of any of the rights granted to Tenant in the Lease or in an increase in any of Tenant's obligations under the w: \opm01 \redevelopment snda.3 nn 0000:1 -1. Lease, including but not limited to provisions in the Lease dealing with condemnation, fire and other casualties. Prior to the commencement of foreclosure proceedings (whether judicial or by power of sale), insurance and condemnation proceeds shall be disbursed in accordance with the Lease and not in accordance with the Deed of Trust, as long as Tenant is not in default under the Lease beyond any applicable cure period. 3. Tenant agrees with Lender that if the interest of Landlord under the Lease or in the Premises shall be transferred to Lender and /or its successors or assigns by reason of foreclosure or other proceedings, or by any other manner, or in the event of a foreclosure sale of the Premises to any other person, firm, or corporation, then in any of said events, Tenant shall be bound to Lender and /or its successors or assigns or such purchaser, grantee or other successor to Landlord's interest ( "Successor Landlord ") under all of the terms, covenants and conditions of the Lease for the balance of the term remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Lease, with the same force and effect as if the Successor Landlord were the landlord under the Lease. Tenant does hereby agree to attorn to the Successor Landlord and to recognize the Successor Landlord as the landlord under the Lease. The agreement of Tenant to attorn is effective and self - operative, without the execution of any further instrument, immediately upon the succession of Successor Landlord to the interest of Landlord under the Lease and /or in the Premises. 4. At such time that Successor Landlord succeeds to the interest of Landlord under the Lease, Successor Landlord shall be bound to Tenant under all of the terms, covenants and w: \opm01 \redeve1opment snda.4 — 4 — 000012 conditions of the Lease for the balance of the term remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Lease; provided, however, Tenant agrees that a Successor Landlord shall not be: (a) liable, except for non - monetary defaults of a continuing nature that are reasonably susceptible to cure and except for Landlord's obligation to pay the Tenant Improvement Allowance, for any act or omission of any prior landlord under the Lease, nor shall Tenant have any rights under the Lease as a result thereof; (b) bound by any base rent or additional rent or other amounts which Tenant may have paid for more than the current or next succeeding month to any prior landlord, except to the extent such base rent, additional rent or other amounts are actually delivered to Successor Landlord; or (c) except in connection with a casualty or condemnation (and then only to the extent of the insurance or condemnation proceeds actually received by Successor Landlord), obligated to perform any alterations in the Premises or any part thereof, or to make any payments to Tenant except for the Tenant Improvement Allowance and any condemnation proceeds to which Tenant is entitled under the Lease; or (d) subject to any offsets or defenses that Tenant might have against any prior landlord; (e) bound by any amendment or modification of the Lease made after the date of this Agreement without Lender's prior written consent; or w: \opm01 \redeve1opment snda.5 — 5— 000013 (f) liable for the return of any security deposit except to the extent such security deposit has actually been delivered to Successor Landlord. 5. Tenant agrees to give to Lender at its address specified below a duplicate copy of each notice of default which Tenant gives to Landlord at the same time as such notice is given to Landlord. Tenant agrees not to seek to terminate the Lease or to abate the payment of any rent o'r other amounts payable thereunder by reason of any default of Landlord without prior written notice thereof to Lender and the lapse thereafter of the longer of (a) thirty (30) days after Lender's actual receipt of such notice and (b) such period of time following Lender's actual receipt of such notice as Landlord has to cure the default which gives rise to such alleged right of termination or abatement; provided, however, that with respect to any default of Landlord under the Lease which cannot be remedied within such time, Tenant agrees not to seek to terminate the Lease or to abate the payment of any rent or other amounts payable thereunder if Lender commences to cure such default within such time and thereafter diligently proceeds with such efforts and pursues the same to completion. All such notices shall be in writing and shall be deemed to have been given when delivered personally or three (3) business days after deposit in the United States mail, certified or registered, postage prepaid, addressed as follows: THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK 799 Moorpark Avenue Moorpark, California 93021 w: \opm01 \redeve1opment snda.6 — 6 — 000014 6. Tenant shall, upon Lender's demand therefor, and without regard to any contrary instructions from Landlord, thereafter pay directly to Lender all amounts thereafter payable by Tenant to Landlord under the Lease. Landlord hereby agrees that any amounts paid by Tenant pursuant to such demand shall be credited against Tenant's obligations under the Lease as though paid directly to Landlord. 7. This Agreement shall bind and inure to the benefit of the parties hereto, their successors and assigns. As used herein, the term "Tenant" shall include Tenant, its successors and assigns as permitted under the Lease; the words "foreclosure" and "foreclosure sale" as used herein shall be deemed to include the acquisition of Landlord's estate in the Shopping Center or Premises by voluntary deed (or assignment) in lieu of foreclosure, and the word "Lender" shall include the Lender specifically named herein and any of its successors and assigns, including any Successor Landlord. 8. Tenant agrees that neither Lender nor any of its officials, officers, employees or agents have any personal liability under this Agreement or the Lease, and Tenant agrees that it will look solely to the interest of Lender in the Premises for the payment of any claim arising hereunder or under the Lease. [SIGNATURE PAGE FOLLOWS] w: \opm01 \redeve1opment snda.7 — 7 — 000015 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the month, day and year first above written. "LENDER" THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK By: Name: Title: "TENANT" WELLS FARGO BANK, N.A., a national banking association By: Name: Title Landlord hereby consents and agrees to the terms of Paragraph 6. "LANDLORD" Mission Bell Plaza II, LLC, a California limited liability company By: Its: Manager w: \opm01 \redeve1opment snda.8 — 8 000016 STATE OF ) COUNTY OF ) On before me, personally appeared , personally known to me - OR - proved to me on the basis of satisfactory evidence to be the 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 /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. STATE OF ) COUNTY OF ) On before me, ' personally appeared personally known to me - OR - proved to me on the basis of satisfactory evidence to be the 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 /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. w: \opm01 \redeve1opment snda.9 ll0/r�,�y 001 STATE OF ) COUNTY OF ) On before me, personally appeared , personally known to me - OR - proved to me on the basis of satisfactory evidence to be the 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 /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. w: \opm01 \redeve1opment snda.10 p 000018 EXHIBIT "A" (Shopping Center) This Exhibit "A" to that certain Subordination, Nondisturbance and Attornment Agreement dated as of March 3, 2004, by and between The Redevelopment Agency of the City of Moorpark ( "Lender "), and Wells Fargo Bank, N.A., a national banking association ( "Tenant ") describes the Shopping Center as follows: Phase I of the Shopping Center. Lots 1 to 3 inclusive, and remainder Parcel B of Tract No. 4757 -1, in the City of Moorpark, County of Ventura, State of California, as per map recorded in Book 124, Pages 65 to 67, inclusive of maps in the Office of the County Recorder of Ventura County Phase II of the Shopping Center. Parcels 1 to 7 inclusive of Parcel Map 4961, in the City of Moorpark, County of Ventura, State of California, as per map filed in Book 55, Pages 55 to 57 inclusive of Parcel Maps, in the office of the County Recorder of Ventura County. w: \opm014ells fargo exh A 0010019 LOCATION MAP < ASSESSORS PARCEL NO. 511-MI9,20.31,32, 9 49 MA" PROJECT ANALYSIS It3L v' PHASE NET SITE -EA"' K—AT L AQ cc I .. I F k, -11 -m : lnC ". , , . — �" .1 .2.1 , T MA" mo at :=.: 3,Q1i SF K-MART U. 'A' ja� za., q, I- _T_ i TOTAL. Sl.ol 31: 1 — � \i "I ', " 6 : i L2 i CMS IT To PHASE 2 ZAW fl or 4f' 0. — ARTS A, PHASE LINE I . / 62- _4 - --- - - - - - - - - - - - - - - - - - - - - - -- - - - - -_ - - - - 13c= LA ................. MAJOR 8 35.000 SF ............ - - - -- -- -- - - - --- ------ - - ---- - -- ---------- 2.7 "ASO S, : g LOCATION MAP < ASSESSORS PARCEL NO. 511-MI9,20.31,32, 9 49 MA" PROJECT ANALYSIS It3L v' PHASE NET SITE -EA"' K—AT L AQ cc I .. I F k, -11 -m : lnC ". , , . — �" .1 .2.1 , T MA" mo at :=.: 3,Q1i SF K-MART U. 'A' ja� za., q, I- _T_ i TOTAL. Sl.ol 31: 1 — � \i "I ', " 6 : i L2 i CMS IT To PHASE 2 ZAW fl or 4f' 0. — ARTS A, I WT STE AA MAJOR 'A' 50.320 SF MAJOR 8 35.000 SF "ASO S, : g pl, EZ 117,170 SF LL) z CA s -3 X 14 N A, 1,185cUII SHOPS c..) •AA' A S-Y E 2 PHASEY a, J,, 'a C=== C== C== `EOM: T. *:=.:. T- @ 1, WO USE 1-1 (GAS SAL s)) uI T PAD 57 PAD PAD PAD CE 1-88-1 :* I cc. jt?l I I I ! 1 93082 also I I I i NORTH EXIST SIGN 2 T T 73- L I _ANGELES AVE ----------- ----------------------------- - ----------- ------- -------- J.04 A INS __AUCL 5, 1994 5, 0 O 0 Z1.