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Quint & Thinmig LLP 04/30/14
<br />AFTER RECORDATION RETURN TO:
<br />Quint & Thimmig LLP
<br />900 Larkspur Landing Circle, Suite 270
<br />Larkspur, CA 94939 -1726
<br />Attention: Brian D. Quint, Esq.
<br />THIS TRANSACTION IS EXEMPT FROM CALIFORNIA DOCUMENTARY TRANSFER TAX
<br />PURSUANT TO SECTION 11928 OF THE CALIFORNIA REVENUE AND TAXATION CODE. THIS
<br />DOCUMENT IS EXEMPT FROM RECORDING FEES PURSUANT TO SECTION 27383 OF THE
<br />CALIFORNIA GOVERNMENT CODE.
<br />MEMORANDUM OF LEASE AGREEMENT
<br />This MEMORANDUM OF LEASE AGREEMENT (this "Memorandum of Lease
<br />Agreement "), is entered into as of June 1, 2014, by and between the SANTA ANA FINANCING
<br />AUTHORITY, a joint exercise of powers authority organized and existing under the laws of the
<br />State of California, as lessor (the "Authority "), and the CITY OF SANTA ANA, a municipal
<br />corporation and chartered city organized and existing under the laws of the State of California,
<br />as lessee (the "City "), who agree as follows:
<br />Section 1. The Lease. The City leases from the Authority and the Authority leases to the
<br />City, certain real property described in Section 2 hereof, and the improvements situated upon
<br />said real property, upon the terms and conditions, and for the term, more fully set forth in the
<br />Lease Agreement, dated as of June 1, 2014, by and between the Authority, as lessor, and the
<br />City, as lessee (the "Lease Agreement "), all of the provisions of which are hereby incorporated
<br />into this Memorandum of Lease Agreement by reference.
<br />Section 2. Leased Premises: Term. The Authority leases, lets and demises unto the City
<br />and the City leases, hires and takes from the Authority, those certain parcels of real property
<br />situated in Orange County, State of California, more particularly described in Exhibit A
<br />attached hereto and made a part hereof (collectively, the "Site "), and those certain
<br />improvements on the Site, more particularly described in Exhibit B attached hereto and made a
<br />part hereof (the "Facility "). The Lease Agreement is for a term commencing on the date of
<br />recordation of this Memorandum of Lease Agreement and ending on July 1, 2028, or such
<br />earlier or later date on which the Lease Payments (as defined in the Lease Agreement) are paid
<br />in full or provision has been made for such payment in accordance with the Lease Agreement.
<br />Section 3.
<br />to agL2mte as ignDient- greements, each dated as of June 1, 2014, by and between the
<br />Pursuant
<br />and W- estern Alliance Public Finance Compass Bank an AW,,uoa_ban_kiug_sQrporation and
<br />Sa_ i al One Public Funding. LLC, as assignees (collectivel—the "Assignees "), recorded
<br />concurrently herewith, the Authority has assigned, transferred and delivered to the Assignees,
<br />all of its rights, title and interest in, to and under the Site and Facility Lease (as defined in the
<br />Lease Agreement) and the Lease Agreement.
<br />Section 4. Provisions Binding on Successors and Assigns. Subject to the provisions of the
<br />Lease Agreement relating to assignment and subletting, the Lease Agreement shall inure to the
<br />19014.10
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