Report to Carson Reclamation Authority
Monday, June 05, 2023
Consent
SUBJECT:
Title
CONSIDER MUTUAL TERMINATION OF REGULATORY AGREEMENT AND DECLARATION OF COVENANTS AND RESTRICTIONS; RELEASE OF ALL REFERENCES TO SETTLEMENT, RELEASE AND INDEMNITY AGREEMENT; MUTUAL TERMINATION OF DECLARATION OF COVENANTS, CONDITIONS & RESTRICTIONS AND GRANT OF EASEMENTS; AND TERMINATION OF DEVELOPMENT AGREEMENT RELATED TO AND AS SUCCESSOR IN INTEREST TO PRIOR TRANSACTIONS MADE BY CARSON MARKETPLACE, LLC BY AND BETWEEN CM AND THE CITY OF CARSON
Body
I. SUMMARY
The Carson Reclamation Authority ("CRA") is currently the successor in interest to a number of agreement and restrictions entered into on the Property with the City of Carson during the period of 2006 and 2013. These restrictions are no longer effective and have been superseded by new agreements with different developers, and must be removed from the title prior to the recordation of a new grant deed to the developers currently working on the Property. The CRA would take action as the property owner and successor in interest to these agreements; the City Council would also have to approve as the other party to the transactions.
II. RECOMMENDATION
Recommendation
1. APPROVE the Release of Regulatory Agreement and Declaration of Covenants and Restrictions dated September 29, 2006, which was recorded on November 28, 2006 as Instrument No. 2006-2621524 and modified by Instrument No. 20150585320 in the Official Records of Los Angeles County.
2. APPROVE the Release of All References to the Settlement, Release, and Indemnity Agreement in the form of the Grant Deed.
3. APPROVE the Mutual Termination of Declaration of CC&Rs and Grant of Easements set forth in that certain Declaration of Covenants, Conditions and Restrictions and Grant of Easements dated December 13, 2013 which was recorded on January 3, 2014 as Instrument No. 20140004197 in the Official Records of Los Angeles County.
4. APPROVE the termination of the ...
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