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HomeMy WebLinkAbout03 - Declaring a Portion of Eastbluff Park as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange CoastQ SEW Pp�T CITY OF z NEWPORT BEACH c�<,FORN'P City Council Staff Report April 25, 2023 Agenda Item No. 3 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Sean Levin, Recreation and Senior Services Director - 949-644- 3151, slevin@newportbeachca.gov PREPARED BY: Lauren Wooding Whitlinger, Real Property Administrator, Iwooding@newportbeachca.gov PHONE: 949-644-3236 TITLE: Resolution No. 2023-20: Declaring a Portion of City -Owned Property at Eastbluff Park Located at 2401 and 2555 Vista del Oro as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange Coast for Recreation Facilities ABSTRACT: Boys and Girls Clubs of Central Orange Coast (BGC) is a non-profit corporation operating recreational centers throughout Orange County, for children in first through eighth grades. BGC's club location in Eastbluff Park is open to all Newport Beach residents and non-residents, and primarily serves students from Eastbluff Elementary School and Corona del Mar Middle School. BGC is seeking the City Council's consideration to replace its existing lease agreement with a new 30-year lease agreement (Agreement) (Attachment B) for continued use of the recreation facilities at Eastbluff Park, located at 2555 Vista del Oro. RECOMMENDATIONS: a) Determine this action exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly; b) Adopt Resolution No. 2023-20, A Resolution of the City Council of the City of Newport Beach, California, Declaring a Portion of Eastbluff Park Located at 2401 and 2555 Vista del Oro, Newport Beach, California as Serving an Agency Use and Further Declaring that Portion as Exempt Surplus Land; c) Authorize the City Manager and City Clerk to execute a Lease Agreement with Boys and Girls Clubs of Central Orange Coast for use at the City -owned Eastbluff Park, located at 2555 Vista del Oro, in a form substantially similar to the agreement prepared by the City Attorney; and 3-1 Declaring a Portion of City -Owned Property at Eastbluff Park Located at 2401 and 2555 Vista del Oro as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange Coast for Recreation Facilities April 25, 2023 Page 2 d) Approve a waiver of City Council Policy F-7 — Income and Other Property based on the findings contained in this staff report and the Agreement, that conducting an open bid process or changing the tenant would result in excessive vacancy, and the use of the property provides an essential or unique service to the community and is of a public benefit, and might not otherwise be provided where an open bid or full fair market value of the property be required, and based on the unique services provided by tenant, its board members are appointed through a process that ensures board members maintain the requisite experience and contributions to the tenant's operations. DISCUSSION: Eastbluff Park, located at 2401 and 2555 Vista del Oro (Property) (Attachment C), was granted to the City of Newport Beach (City) by The Irvine Company in 1965, with deed restrictions limiting use of the Property to public facilities. The Property was developed by the City into a citywide recreation resource and operates today as a community park with a baseball diamond, multi -purpose fields, a playground, and a view of the Back Bay of Newport Harbor. In 1971, the City and BGC (which previously operated under the entities Boys and Girls Club of Newport Beach and Boys and Girls Club of the Harbor Area) entered into a lease for a portion of the Property, and BGC constructed the approximately 12,270-square-foot recreation building, which includes classrooms, offices and a full-size gymnasium and outdoor basketball court (Premises). The existing lease agreement was entered into by the City and BGC in 1998, and also includes a portion of the adjacent Newport -Mesa Unified School District (District) property, which was being utilized for the outdoor basketball court under a 1978 license agreement with the District (Attachment C). In 2018, with the existing lease set to expire in June 2023, BGC requested a new lease from the City in conjunction with its plans to renovate and modernize the facility. The $2,000,000 renovation project, completed in 2019, included a complete update of the facility including electrical, plumbing, HVAC, the roof system and interior finishes. New fixtures and furnishings were also purchased and installed. Operation Under the terms of the proposed Agreement, BGC is permitted to use the Premises to operate athletic, educational, afterschool care, and technology -based programs to instruct children of all ages to assist with character development and leadership skills. The City has shared use of the gymnasium on the Premises in the evenings, three days per week, for community basketball leagues. Additionally, when the Premises is not in use by BGC, the City retains the right to utilize it as a community center for City programming through the Recreation and Senior Services Department. The City may also allow use of the Premises by youth -based community non-profit organizations through the City's facility use and rental program. The City and BGC will meet regularly to agree on programming and maintenance of the Premises. 3-2 Declaring a Portion of City -Owned Property at Eastbluff Park Located at 2401 and 2555 Vista del Oro as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange Coast for Recreation Facilities April 25, 2023 Page 3 Citv Council Policv F-7. Income and Other Propert Due to BGC's long-term use of the property, the 2019 renovation, and the unique services provided for children in the community, staff did not conduct an open bid process to solicit proposals from other operators, as typically required by City Council Policy F-7, Income and Other Property (Policy) (Attachment D). An appraisal of the fair market rental value for the building and property was conducted by R. P. Laurain & Associates, Inc. (Attachment E). The appraisal concluded annual fair market value rent to be $56,894. Staff believes the following findings can be made, as required by the Policy, when an open bid is not conducted, when less than fair market value rent is received, and when the tenant is unable to comply with Section F.7 of the Policy, and a waiver is requested: 1. Converting the property to another use or changing the operator of the property would result in excessive vacancy, which would outweigh other financial benefits; 2. BGC provides an essential or unique service to the community that might not otherwise be provided where full market value of the property be required; 3. With the recreation facility located at a community park with the use available to the public, and rent charged at less than fair market value, the use provides a public benefit to the community and is of statewide benefit and might not otherwise be provided were an open bid or full fair market value of the property be required; and 4. BGC's by-laws and charter documents do not provide for the election of directors that allows members to vote, however, based on the unique services provided by tenant, its board members are appointed through a process that ensures board members maintain the requisite experience and contributions to BGC (Attachment F). Further, BGC will ensure its by-laws and charter documents has a governance and operational structure that is consistent with best practices for non-profit corporations. Summary of Terms The proposed terms of the Agreement are summarized below- 1. The initial term is 30 years, with two 10-year extension options, for a total possible term of 50 years, unless terminated earlier as provided by the Agreement. 2. Rent shall be set at $1 per year. 3. Additional consideration under the Agreement includes BGC's performance of any improvements to the Premises at no cost to the City, (shared) City use of the gymnasium portion of the Premises, and the right of the City to use the Premises for additional recreational programming. 3-3 Declaring a Portion of City -Owned Property at Eastbluff Park Located at 2401 and 2555 Vista del Oro as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange Coast for Recreation Facilities April 25, 2023 Page 4 4. BGC shall obtain and maintain during the term of the Agreement all appropriate permits, licenses, and certifications that may be required by any governmental agency to operate its business. 5. BGC shall provide certificates of insurance to the satisfaction of the City's Risk Manager, naming the City as additional insured. The Agreement has been reviewed by the City Attorney's Office and has been approved as to form. BGC has reviewed and approved the terms and executed the Agreement. California Surplus Land Act Assembly Bill 1486 was signed into law in 2019, went into effect in 2020, and made significant changes to the California Surplus Land Act (SLA) (Government Code §54222). In compliance with the updated SLA, prior to taking action to allow non -agency use of City -owned land, the City Council is required to take formal action at a regular public meeting to declare the property as surplus land (Attachment A). The Premises meets the definition of exempt surplus land under the SLA because the area has been used for a significant period of time as a community -serving recreational center that promotes the goal of providing a public benefit. The Premises also meets the definition of exempt surplus land as outlined in the SLA pursuant to Section 54221(f)(1)(G) of the California Government Code because the property is prohibited from being developed or used for residential purposes pursuant to the deed restrictions put in place when the property was transferred to the City. These findings are outlined in the proposed resolution and will be submitted to the California Department of Housing and Community Development for its review pursuant to the changes to SLA under the 2019 bill. FISCAL IMPACT: Revenues collected pursuant to the proposed Agreement, $1 per year, will be posted to the rental of property account in the Community Development Department (01050505- 551115). ENVIRONMENTAL REVIEW: Staff recommends the City Council find approval of the Agreement is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. NOTICING: The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item). 3-4 Declaring a Portion of City -Owned Property at Eastbluff Park Located at 2401 and 2555 Vista del Oro as Exempt Surplus Land, and a Lease Agreement for the Property with Boys and Girls Clubs of Central Orange Coast for Recreation Facilities April 25, 2023 Page 5 ATTACHMENTS: Attachment A — Resolution No. 2023-20 Attachment B — Lease Agreement with Boys and Girls Clubs of Central Orange Coast Attachment C — Maps Attachment D — City Council Policy F-7, Income and Other Property Attachment E — Appraisal Report by R.P. Laurain & Associates, Inc., dated April 23, 2019 Attachment F — Letter from Boys and Girls Clubs of Central Orange Coast 3-5 Attachment A Resolution No. 2023-20 3-6 RESOLUTION NO. 2023-20 A RESOLUTION OF THE CITY COUNCILOF THE CITY OF NEWPORT BEACH, CALIFORNIA, DECLARING A PORTION OF EASTBLUFF PARK LOCATED AT 2401 .AND 2555 VISTA DEL ORO, NEWPORT BEACH, CALIFORNIA AS SERVING AN AGENCY USE AND FURTHER DECLARING THAT PORTION AS EXEMPT SURPLUS LAND WHEREAS, the City of Newport Beach ("City") is the owner of that certain real property known as Eastbluff Park located at 2401 and 2555 Vista del Oro, Newport Beach, California, identified by Assessor Parcel Numbers 440-161-06 and 440-161-05, and depicted in Exhibit "A," which is attached hereto and incorporated herein by reference ("Property"); WHEREAS, the Property was conveyed to the City by The Irvine Company ("TIC") by grant deed which is attached hereto as Exhibit "B," and incorporated herein by reference ("Deed"); WHEREAS, the Deed restricts the use of the Property to a public park and other public facilities including a fire station, public library, and a community center building for cultural and recreational purposes in addition to its use as a public park ("Deed Restriction"), WHEREAS, in accordance with the Deed Restriction, the City established Eastbluff Park at the Property and is identified in the Recreation Element of the Newport Beach General Plan as a public park that serves the community; WHEREAS, since June 30, 1971, in accordance with the Deed Restriction, the City has leased a portion of the Property as depicted in Exhibit "C," which is attached hereto and incorporated herein by reference ("Premises") to the Boys & Girls Clubs of Central Orange Coast ("BGC") and its predecessors, for the operation of a recreation center for boys and girls; WHEREAS, on February 1, 1978, the City and Newport -Mesa Unified School District ("District") entered into a license agreement for the City and BGC to utilize a portion of the District's property, as depicted in Exhibit "C" ("District Property"), adjacent to the Premises for use of basketball courts to serve the community; WHEREAS, BGC has continuously operated both the Premises and the District Property as a single recreation facility in accordance with the Deed Restriction, 3-7 Resolution No. 2023- Page 2 of 4 WHEREAS, the City proposes to enter into a new, lease agreement with BCG for the Premises to continue operating a recreation center to serve the community consistent with the allowed uses in the Deed Restriction; WHEREAS, Government Code Section 54220 et seq. ("Surplus Land Act") sets forth specific requirements for the disposal of real property where the property is no longer required for the agency's use and is not declared exempt surplus; and WHEREAS, a public meeting was held by the City Council on April 25, 2023, in the Council Chambers located at 100 Civic Center Drive, Newport Beach, California. A notice of time, place and purpose of the public meeting was given in accordance with California Government Code Section 54950 et seq. ("Ralph M. Brown Act"). NOW, THEREFORE, the City Council of the City of Newport Beach resolves as follows: Section 1: The Premises which is located within Eastbluff Park and identified in the City of Newport Beach General Plan as a public park serves an "agency use" as that phrase is defined in Section 54221 of the California Government Code. Therefore, the Premises are not subject to the Surplus Land Act, The Premises have been utilized for a significant period of time as a community -serving recreational center that promotes the goal of providing a public benefit, pursuant to Council Policy F-7 and complies with uses identified in the Deed Restriction. Section 2: Additionally, the Premises are exempt surplus land pursuant to Section 54221(f)(1)(G) of the California Government Code since the Deed Restriction prohibits the use of the Premises for residential purposes and any violation of the Deed Restriction would result in reversion of the Premises back to TIC. Section 3: The City Manager is hereby authorized to do all things which are necessary or proper to effectuate the purpose of this resolution, and any such actions previously taken are hereby ratified and confirmed. Section 4: The recitals provided in this resolution are true and correct and are incorporated into the operative part of this resolution. RE Resolution No. 2023- Page 3 of 4 Section 5: If any section, subsection, sentence, clause or phrase of this resolution is, for any reason, held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality, of the remaining portions of this resolution. The City Council hereby declares that it would have passed this resolution, and each section, subsection, sentence, clause or phrase hereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional. Section 6: The City Council finds the adoption of this resolution is not subject to the California Environmental Quality Act ("CEQA") pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. Additionally, adoption of this resolution is categorically exempt pursuant to Section 15301 under- Class 1 (Existing Facilities) of the CEQA Guidelines. Section 15301 (Existing Facilities) exemption includes the operation, repair, maintenance, permitting, leasing, licensing, or minor alteration of public or private structure, facilities, mechanical equipment, or topographical features, involving negligible or no expansion of use. The underlying action involves entering a lease, and, meets the criteria for an exemption pursuant to Section 15301. 3-9 Resolution No. 2023- Page 4 of 4 Section 7: This resolution shall take effect immediately upon its adoption by the City Council, and the City Clerk shall certify the vote adopting the resolution. ADOPTED this 25th day of April, 2023. Noah Blom Mayor ATTEST: Leilani I. Brown City Clerk APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Aa roa rp City AForney Attachment(s): Exhibit A — Property Depiction Exhibit B — Grant Deed Exhibit C — Premises and District Property Depiction 3-10 EXHIBIT A �! ��:�� � �-1' `^�Y` f', ` I,'yf; `�!`���"`''� °'�1 �l`j}�jl5fll•�y�sln�� } •� Olt r t � � � i � r' `1' ,♦ � ZS TA1T R /'� a`' 1r� r r "ti'*� t �,' �'i �4r.�-. ►t��1 -�-,-�C'%t.i1a� �tv .t.�rl.� F. Al a =�' vts rah►+; � �+� ..: � ''� � � � �* , � � R i„ E ;+ P40 o,' �r',�*�,� ✓r1=.. ��• &Boys �u 'I'��: PA`�` AV #' .sr i CAI,-. '!T ,1 4 } ,E { h._ /•.ic ��?`00"� ~s, CIO •r s :t�►.�� �N -; ,;7: .� Y , iL. Mom. , 1. 71'•'r+,�' �. ,#�'1 ii ��� 1' �v i Q1'� �.� 77 �' 4 .�p."�,..� � � •+P`,A' ✓ ,�,. rs4�s- � � i ♦ •,,_.. � .Feel ��� NBDisclaimer: N E W P o R T B E A C H Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of !PoRr Newport Beach and its employees and agents 0 417 833 disclaim any and all responsibility from or relating to >- any results obtained in its use. n C"11Fo0.H0, Feet 12/19/2018 .,;,,•, ,,WY6 o . ;p >. ;�•, ' t TBR.MrJM. MwAnr, a corporation organized:end`euietias"tinder the lave of.the -state of. vast Virginia., does hereby,grMb .to the OITY-OF NSNFORT" BEACS; a muaicipa1:corporation:organized ima existing in. the State of Californ a under and by. v i:tve of a charter d1gy ).ratified end- agprss�ned, Yitbo mosseF.arir ? A eonsideratioa, •aad upon "and subject to. the :=Alttosss bervinatter set" ' .the .real property in'the Cfty of•.Newport Beachl County of orange,. State.af 4 _' Oalifoirnia,.. together with the trees ehrmbe, landscaping gssd ottAi. tbeseosi, "described ss follovss + `;' That" portion of Mack- 52 of Ir UsIs MdivIVI=' in the Citr ot" Nsu+port Beach or'. or". Orsage;.Stata of."Ca7.ifaraia�: as "per:map =e.•• .�: - ; - earded-InSooki,'page'88 of Mieeelusaem Record map is the. "4rtiae ; + 'of the county. Reforder of said do • ; •':'�: i • ,;: , ,, CotmctY, f3esribed as tollove: �,•,1r�;.• 9DliIl0iM at . the " 'Intersection of the center isle �•' 1 of Vista. ? del Oro, 60 feet wide, vith the centerline of Vista del Sol, 13O..feet wide, as .;..., , .;•. stud int eraection is ehoxn O:L a snap of :a.:•:•. c; Tract- No. 5463 recorded in.Book 195; gages 4l to 44 iacltiaiva r "��; ,; OfMiscellaneous daps, records of said County; thence South r f,':� e 25. 47 00" crest :IOo.00 reef s : i .` ,• ; , :,.: , along 41d: centerline mdt Vista sel to isig of northwesterly having a I�S'o . the begins a ' curie . concave radius :'' oi~ 532.00"reet, thence -southwesterly and veeterly 533.11 feat along said .curve through an anoe or 55' 20' 0Q" to s point a: non -tangent" line., .e "radial, line of said curve to said point .. beers, south 8` : 52+." '!.Beat; thence.'SPorth =5' 3& �' 26" Went •'c;;�;• 30.22',feet .to a.bout,` hereinafter referred to se Pa., on 7°'.;•= on a non -tangent awe northwesterly � ',•., no t ewr�re. coat having: radius s' f+ of 522.00 feet said being feet . - f.: aorthveste , be concentric with and 30.00 : • ;;f rly Measured radially from the last mentioned curve having a radius of-.5ge.0O Seat, 'a radial' line or. saidcurve r said Rbidt . "W' beers Scuth"-SO 2g, 41" Saet; "thence conti:iuing ' L+ ' •;: . `• North 1$° 34" 2d" :test 487.67 newt;. thence North 66° "00:' OQ" :, ; �• - ' West: 123h:26;YeeL to a"point, : hereinafter referred to as (,; :''i: Poisit ".0", one, non -tangent cum conewri northweaterly having',.+-' a":rsdius of 730.00 Feet, . a isdisl line of . said -curve to- said, .. point" bears "South 40'Eai:t'•'.thence"Noirth 4O° Sj r 15p,.ie'•`s;=; �`" :'�." Weet.30.00 feet .along said radial liUe "tio.a °'_"'``'. `, •r point on a non- ' tangent" ow-m .concave northwesterly ;having azadius of 700..00 „ter �r • feet). said Our" being cogcsntsia Suitt the lest. mentioned ,' r curve having a radius Of 739.0O feet; . thence northeasterly. 3-12 and northerly 01.58 feet along eaid'.eurne having a radius `. of 700. 00 >?est through : an = et�gle or. 47. 16' :12" to a: point, :. a'radial line of said curve to said -point beats South, .. 88' 33' 2t" East; -thence South SO' 33' : 27,E _East 102.52 feet -along the easterly prolongation .'of said. radial line;, theace'South 1' 26! 33"'Nest 30.00 feet.to a point -herein- ` At • referred "to as point '"A"; thence South 3' 22" East . , _ . ` !20. _54 9.93 feet;. -thence 16 : 32' • 04" .East 225.96 feet; thence ' 'South 24':-041 35' Zest -47.79 feet;. thence South 66' 00' 00" East: .. ' . . . 1030.00 feet;. thenab-North 61'.01'.55".East 426.17 feet to a poiatp, hersihirter referred to. as Point "D"11 on 'a non -tangent curve concave westerly having a.radius of 40o.0o reet, a radial .line s af'.neid curve to said: point. bears North. 69' 371East; .38" thence Nor,'th:69' 37' 38" East :30.do feet along :the north- easterly prolongation. of maid:radial line to a:point on:'o noo-tangent curve concave westerly having a radius of, 430.00 .. feeL,.amid cuM being concentric with the last mentioned . curve. having. -a redius.'of : W.00 feet; thence southerly acid • ` eouthveeterl7 346.40•feet along esid onrve through'an angle of 1:6' C9' 22";: thence•South: 25= 47f W :Kest:100.00 feet:to the,; ' point of begiming, . 1 i :: • 1' r of land 30'feet vide. f 'FROM a strip or ti , .... road.ead utility purposes, lying easterly, southeasterly. and soatber3y of the following described line: r • ` ti SH:II4ftI1C0 at the hereinabove described point "g"; thence easterly and aorthsaeterly 507.66.PeeL along said ` curve•:hereiisabove described ae concave northwesterly having a radius :Of'522.00 Peet through an angle of 4:329"; thence North 25' 47 r 00" mast 20000'.feet to the beginning of said curve hereinabove described as concave.. visterly having a radius of, 400.00 feet' thence northessterlj! SAW northerlj* 322.2g Yeet .along said lsisve through so' angle. of 46` 0g' 92R to the described Point !'D" .hereipabove. ALSO tMEIMN6. T a strip of .land for road and ' itY p'arPases, 1.1►inB. north-westerly amd northerly of the i'olioving described lines • :;' r,;; a DWMEM at the hereinabove desaribed:Poiit "A"; thence :; North '88' : 93 i 27" Wist - 58:88 feet to the beginning of a curvei' `` concave southeasterly havingg.a radius of 15.90 feet; thence • ? '':'• '� !as�1r ;;; : vester17 and southwesterly 22.66 feet eloag'aaid VW�.�r-� :, :..r! i : _• /','S.•A•"•• .',V' , a through an' eagle of 86' 32' 13" to the beginning of a reverse.curve.bereinabove described as .concave aorthweeterly`. having a radius of 730:00-.feet, s radial line to Said point }; bears North.:85' 05' .hd" West;. thence amtherly. and sotith-:.,r'''` .� -westerly 562.39 feet slang said Curve through as eagle_ of-• �•yi::•.'{ 081 to here edC'.. cti •; 25". .inabow deaCrib•Pbint " rj.;s L; r•.' �. z• ;; ,;j '. ' s_ Current taxes : sad assessments . Eaeema nta, rights . of �. sea other. Q16ttei'4 Of' record, '`: ;' ea , .:; ; ' ;;; or apparent• i `, , 1.•. 1 JI poem 2 3-13 . EXHIBIT C DEPICTION OF PREMISES AND DISTRICT PROPERTY 3-15 Attachment B Lease Agreement with Boys and Girls Clubs of Central Orange Coast 3-16 LEASE AGREEMENT BY AND BETWEEN THE CITY OF NEWPORT BEACH AND BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST FOR A PORTION OF EASTBLUFF PARK THIS LEASE AGREEMENT ("Lease") is made and entered into this day of , 2023 ("Effective Date"), by and between the CITY OF NEWPORT BEACH, a California municipal corporation and charter city ("Lessor"), and BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST, a California nonprofit corporation ("Lessee"). Lessor and Lessee may individually be referred to as "Party" and collectively referred to as "Parties" herein. RECITALS A. Lessor holds title to Eastbluff Park, located at 2401 and 2555 Vista del Oro, Newport Beach, California 92660, Assessor's Parcel Numbers 440-161-06 and 440-161-05 ("Property"). The Property is more particularly described as set forth in the legal description in Exhibit "A" and as more particularly depicted in Exhibit "B," both ofwhich are attached hereto and incorporated by reference. B. The Property was granted to Lessor by The Irvine Company ("TIC") in a deed recorded on May 17, 1965 as Document No. 11760 in Book 7522, pages 161-166 inclusive, Official Records of Orange County ("Deed") and, among other things, the Deed restricts the use of the Property to certain public facility uses. C. Lessee is a nonprofit corporation created for the principal purpose of constructing, operating and maintaining recreational centers for boys and girls. D. Lessee operates a recreational center, currently operating under the name of Boys & Girls Club of Newport Beach ("BGC Newport Beach") on said Property. E. On June 30, 1971, Lessor and Boys' and Girls' Club of the Harbor Area ("BGCHA") entered into a lease agreement ("Original Lease"), whereby Lessor leased to BGCHA a portion of the Property. The Original Lease expired on June 30, 1996 and BGCHA held over under the terms of the Original Lease on a month -to -month basis until June 21, 1998. F. On February 1, 1978, Lessor and Newport -Mesa Unified School District ("District") entered into a license agreement, allowing Lessor, acting through BGCHA, to go upon a portion of the District's property, as more particularly depicted in Exhibit "C" attached hereto and made a part hereof by this reference ("District Property"), for the purpose of construction, maintenance and operation of a basketball court ("License Agreement"). 3-17 G. Over the term of the Original Lease, and pursuant to its terms and the terms of the License Agreement, improvements were constructed on the Property and District Property, including an approximately twelve thousand two hundred seventy (12,270) square foot recreation building ("Recreation Building"), which includes a full-sized gymnasium ("Gymnasium"), and an outdoor basketball court ("Basketball Court") (hereafter collectively referred to as "Recreation Facilities"). H. On June 22, 1998, Lessor and BGCHA entered into a new lease agreement ("Existing Lease") whereby Lessor leased to BGCHA a portion of the Property and the District Property. On or around July 1, 2016, BGCHA merged with and into the Boys' and Girls' Club of Santa Ana, a California nonprofit public benefit corporation ("BGCSA"), with BGCSA continuing as the surviving corporation and immediately changing its name to Boys & Girls Club of Central Orange Coast and the Existing Lease was assigned to Lessee in accordance with the Landlord Consent to Assignment and Assumption of Lease by Operation of Law, dated September 14, 2016. J. Pursuant to Lessee's written notice to Lessor, in 2019, Lessee performed renovations to modernize the Recreation Facilities, including increasing capacity, updating technology, and creating safer and more functional program space, and requested a fifty (50) year lease extension in order to help obtain funding for the renovation project. K. The Existing Lease expires on June 30, 2023, and the Parties desire to enter into this Lease for a new term subject to the terms and conditions contained herein as of the Effective Date. Execution of this Lease shall concurrently terminate the Existing Lease. L. City Council Policy F-7 provides that if the lessee is not a statewide or national nonprofit organization, the By -Laws and charter documents of such lessee must (i) establish a procedure wherein the election of directors of such lessee is accomplished by an open, democratic and transparent process that allows members to vote, (ii) has a governance and operational structure that is consistent with best practices for non-profit public benefit corporations as determined by the City Council, and (iii) cannot be amended without the prior written consent of the City as lessor. The City Council hereby waives (i), and correspondingly (iii) to the extent it applies to (i). Lessee's By -Laws and charter documents do not provide for the election of directors that allows members to vote. However, based upon the unique services Lessee provides, its board members are appointed through a process that ensures board members maintain the requisite experience and contributions to BGC. NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS hereinafter set forth, it is agreed as follows: BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 2 3-18 1. DESCRIPTION OF LEASED PREMISES Lessor hereby leases the portion of the Property, the District Property, and the parking lot (collectively "Premises") depicted in Exhibit "D" attached hereto and incorporated by reference, to Lessee and Lessee leases the Premises from Lessor for the term specified in Section 2 and on the conditions contained in this Lease. Lessee agrees that no representations with respect to the condition or improvements on the Premises have been made by Lessor except as specifically set forth in this Lease, and are otherwise being delivered in an "as -is" condition. 2.1 Initial Term. Lessor hereby leases the Premises to Lessee for the purposes only as described in this Lease, and subject to the terms and conditions contained herein, for a term of thirty (30) years beginning on the Effective Date ("Initial Term"). 2.2 Option to Extend. Provided Lessee is not then in default beyond applicable notice and cure periods provided herein, upon Lessee's request and Lessor's approval of such request, Lessee may extend the term of this Lease for two (2) additional consecutive terms of ten (10) years (the "First Option Term" and "Second Option Term" respectively), the first commencing on expiration of the Initial Term and the second commencing on expiration of the First Option Term, on the same terms and conditions as contained in this Lease as it may be amended from time to time. Lessee must exercise the option by giving Lessor written notice of its intention to extend the Term for the Option Term at least ninety (90) calendar days prior to expiration of the Initial Term or the expiration of the first Option Term, as the case may be. 2.3 Terms of Lease. The "Term" as used herein is defined as the Initial Term and, as exercised, the Option Term(s). 2.4 Holdover. This Lease shall terminate and become null and void without further notice upon the expiration of the Term of this Lease or any Option Term. Any holding over by Lessee after the expiration of the Term shall not constitute a renewal or extension and shall not give Lessee any rights in or to the Property, or any part thereof, except as expressly provided in this Lease. Any holding over after the expiration of the Term with the consent of the Lessor shall be construed to be a tenancy from month -to - month on the same terms and conditions set forth in this Lease insofar as such terms and conditions may be applicable to a month -to -month tenancy ("Holdover Term"). The month -to -month tenancy may be terminated without cause by Lessee or Lessor upon thirty (30) calendar days' prior written notice to the other Party. 2.5 Termination of Use of District Property. Lessor has the right to immediately terminate Lessee's use of the District Property with written notice to Lessee. If required by Lessor, Lessee agrees to remove the Basketball Court and any improvements from the District Property and restore the District Property to, as near as possible, it's original condition and in a timeframe required by Lessor. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 3 3-19 3. CONSIDERATION 3.1 The consideration for this Lease shall be the payment of rent, Lessee's agreement to perform any improvements as required under this Lease, the continued maintenance and operation of the Premises for the Term of the Lease at no cost to Lessor, the commitment of Lessee to operate the Premises as a boys' and girls' club as provided in Section 5, and the right of Lessor to utilize the Premises as provided in Section 6. 3.2 In accordance with City Council Policy F-7, whenever an open bid process is not conducted or fair market value rent is not received for the use of City property, the City shall make specific findings setting forth the reasons thereof. The City finds that Lessee provides an essential or unique service to the community that might not otherwise be provided were full market value of the property required. Additionally, as the rent being charged is less than fair market value, the City Council finds this use provides a public benefit to the community by providing recreational facilities to the public and is therefore a matter of citywide benefit. These findings by the City are of a citywide concern in that the beneficial uses of the Property might not otherwise be provided were full market value of the Property required. 4. RENT 4.1 Lessee shall pay to Lessor, and Lessor shall accept as rent for the Premises, the sum of One Dollar and 00/100 ($1.00) per year ("Rent"). Rent for the entire Initial Term shall be due and payable within thirty (30) days of the Effective Date. Rent for the Option Term(s) shall be due and payable on the expiration of the Initial Term and the expiration of the first Option Term, respectively. 4.2 Payment Location. All payments of Rent shall be made in lawful money of the United States of America and shall be paid to Lessor in person or by United States' mail, or overnight mail service, at the Cashier's Office located at 100 Civic Center Drive, Newport Beach, California, 92660, or to such other address as Lessor may from time to time designate in writing to Lessee. If requested by Lessor, Lessee shall make payments electronically (at www.newportbeachca.gov) or by wire transfer (at Lessee's cost). Lessee assumes all risk of loss and responsibility for late charges and delinquency rates if payments are not timely received by Lessor regardless of the method of transmittal. 5. USE OF PREMISES 5.1 Lessee shall use the Premises, solely and exclusively, to manage and operate an athletic, educational and technology based program, which will, among other things, instruct children of all ages in fitness and health programs, technology, S.T.E.M. education, 21St century skill development, character development, and leadership skills. The Premises will be available to children regardless of their place of residence. Lessee shall operate and manage the Premises in a manner which does not violate state or federal discrimination laws. Lessee shall make all services, programs and facilities available to the public on fair and reasonable terms. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 4 3-20 5.2 Lessee shall not grant any sublease, concession, license, permit or privilege for the conduct of any business or other operation for profit on the Premises without the prior written approval of the City Manager. 5.3 When the Premises are not in use by Lessee, the Premises shall be available for use as a community center by the City's Recreation and Senior Services Department on a first -priority basis, and by youth -based community non-profit organizations in accordance with reasonable rules and regulations to be established by Lessee. Lessee is authorized to charge a reasonable fee to cover maintenance costs to groups and organizations, other than Lessor, for the use of the Premises. 5.4 If, at any time during the Term of the Lease, it is found that the use of the Premises is not allowed by TIC per the deed restrictions contained in the Deed, Lessor has the right to terminate this Lease with thirty (30) calendar days' written notice to Lessee. 6. SHARED USE OF PREMISES 6.1 The Gymnasium, which includes use of the bleachers, scoreboards, scoreboard controls, tables and chairs, shall be exclusively used by Lessor every Monday, Wednesday, and Thursday year-round, from 6:15 p.m. to 10:00 p.m., or as may be amended by written agreement of both Parties. 6.2 Lessor and Lessee shall meet regularly and proactively as needed to mutually agree on any desired classes to be offered at the Premises through the City's Recreation and Senior Services Department ("RSS Department"). 6.3 Both Lessor and Lessee shall have access to the Premises including keys, codes, or other means of access (collectively "locks") for entrance into the Premises. Lessee and Lessor shall each maintain a list of authorized personnel who have access to or possession of any locks to the Premises. 6.4 City's use of the Premises shall be for use as a community center or recreation center by the RSS Department. However, Lessor agrees not to schedule use by co -sponsored groups with programs that compete with Lessee's club programs without prior written mutual agreement of the Parties. 6.5 The Parties shall communicate and cooperate, acting reasonably and in good faith, in scheduling the use of the Premises in a manner which: 6.5.1 Maximizes the use of the Premises; 6.5.2 Promotes community outreach; BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 5 3-21 6.5.3 Does not cause any undue noise between the hours of 10:00 p.m. and 7.00 a.m. (i.e., deliveries, facilities or landscape maintenance); and 6.5.4 Does not violate any law. 6.6 Notwithstanding any exclusive access to the Premises reserved to either Party by the terms of this Lease, all conflicts in scheduling for use of the Premises which are not resolved by staff, shall be discussed between Lessor's Recreation and Senior Services Director ("RSS Director") or designee and Lessee's Chief Executive Officer. In the event a conflict in scheduling for use of the Premises cannot be mutually resolved following good faith and reasonable efforts, the decision of the RSS Director or designee shall be final. 7. CAPITAL IMPROVEMENTS 7.1 Lessee recently completed a major renovation of the Premises ("Improvements") as further described in Exhibit "E", attached hereto and incorporated herein by reference. Lessee represents and warrants that the Improvements were approved by the City's Zoning Administrator and obtained in compliance with the City's charter, municipal code and zoning code, state or federal law. Lessee shall maintain the Premises and Improvements in compliance with the terms of this Lease, and more specifically as set forth under Section 14. 7.2 Lessee may make additional improvements to the Premises throughout the Term ("Additional Improvements"), with the prior written consent of Lessor. Improvements and Additional Improvements are collectively referred to as "Improvements" herein. 7.3 Lessee shall be required to obtain, prior to commencing the construction of any Improvements, all permits, licenses or approvals that may be required from any local, state or federal entities. 7.4 No Improvements shall be erected or maintained on the Premises unless and until plans and specifications for the proposed scope of work have first been submitted to and approved, in writing, by Lessor. 7.5 Lessee shall, at all times, indemnify and hold Lessor harmless from any and all claims for labor or materials in connection with the construction, repair, or installation of any structure, capital improvement, equipment or facilities on the Premises and from the costs of defending such claims, including reasonable attorney's fees. Lessee shall not suffer or permit to be enforced against the Premises, or any part thereof, any mechanic's, materialmen's, contractor's or subcontractor's liens arising from, or any claim for damage growing out of, the work of any construction, repair, restoration, replacement or improvement or any other claim or demand arising from Lessee's operations under this Lease. In the event any lien or stop notices imposed or recorded on the Premises as a result of the construction, repair or alteration of the facility, Lessee shall pay or cause to be paid all such liens, claims or demands before any action is brought to enforce the BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 6 3-22 same against the leased Premises. Notwithstanding anything to the contrary contained in this Section 7.5, if Lessee shall in good faith contest the validity of such lien, claim or demand, then Lessee shall, at its expense, defend itself and Lessor against the same and shall pay and satisfy any adverse judgment that may be rendered thereon, before the enforcement thereof against Lessor or the Premises upon the condition that if Lessor shall require, Lessee shall furnish to Lessor a surety bond satisfactory to Lessor in an amount equal to such contested lien, claim or demand indemnify Lessor against liability for the same and holding the leased Premises free from the effect of such lien or claim. 7.6 Before the commencement of any work or construction of any building structure or other improvement on the Premises, or of any substantial repairs, alterations, additions, replacement or restoration, in or about the Premises, Lessee shall give Lessor advanced written notice which specifies the nature and location of the intended work. Lessee shall coordinate with Lessor for the scheduling of any work so that the work does not excessively burden Lessor's use of the Premises. 7.7 Lessor reserves the right to require Lessee to obtain performance and/or labor and materials bonds for Improvements. Lessor shall have the right, in its sole discretion, to require Lessee to furnish a surety bond satisfactory to Lessor to fully protect the Premises and Lessor from the effect or enforcement of any lien, claim or demand. 8. TIME OF OPERATIONS Lessee shall keep the Premises open for use during the periods of time as may be mutually agreed upon by Lessee and Lessor and shall not close said Premises from use or substantially alter the type of services provided or facilities offered, without first obtaining the written approval of the RSS Director. 9. MANAGEMENT Lessee agrees that at all times during the Term, the BGC Newport Beach will be managed by a Qualified Manager, as defined below, and operated by Lessee or an Affiliate of Lessee, as defined below. A Qualified Manager is an experienced operator with a good reputation for honesty and integrity and experience in the operation and management of recreational clubs. An Affiliate means any individual, corporation, partner, partnership, limited liability company, trust or other entity which directly or indirectly controls, is directly or indirectly controlled by or is under common control, whether it be direct or indirect, with the Lessee and has the financial ability to perform its obligations under a management agreement for the management and operation of the BGC Newport Beach. 10. UTILITIES AND TAXES 10.1 Utilities. Lessee shall make arrangements for and be responsible for payment, prior to the delinquency date, all charges for utilities furnished to or used on the Premises including, without limitation, gas, electricity, sewer, water, refuse collection, BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 7 3-23 telephone service, and cable TV. Satisfactory evidence of such payments shall be delivered to Lessor within seventy-two (72) hours of a written request for such information. 10.2 Refuse Collection. Refuse collection may occur between 7:00 a.m. and 6:00 p.m. on non -holiday weekdays. 10.3 Payment of Taxes. Lessee shall pay directly to the appropriate taxing authorities all taxes applicable to this Lease, fixtures and Lessee's personal property on the Premises, that are levied or assessed against Lessee during the Term. Taxes shall be paid before delinquency and before any fine, interest or penalty is due or imposed by operation of law. Lessee shall, upon request, promptly furnish to Lessor satisfactory evidence of payment. Lessor hereby gives notice to Lessee, pursuant to Revenue and Tax Code Section 107.6 that this Lease may create a possessory interest that is the subject of property taxes levied on such interest, the payment of which taxes shall be the sole obligation of Lessee. Lessee shall advise in writing any subtenant, licensee, concessionaire or third party using the Premises of the requirements of Section 107.6. Lessee shall pay, before delinquency all taxes, assessments, license fees and other charges ("Taxes") that are levied or assessed against Lessee's interest in the Premises or any personal property installed on the Premises. 10.4 Payment of Obligations. Lessee shall promptly pay, when due, any and all bills, debts, liabilities and obligations incurred by Lessee in connection with Lessee's occupation and use of the Premises including the construction and/or maintenance of the Improvements. 10.5 Reserved. 10.6 No Rent Offset. Any payments under this Section 10 shall not reduce or offset Rent payments. Lessor has no liability for such payments. 11. INSURANCE Without limiting Lessee's indemnification of Lessor, Lessee shall provide and maintain at its own expense during the term of this Lease policies of liability insurance of the type and amounts described in Exhibit "F," which is attached hereto and incorporated herein by reference. 12. HOLD HARMLESS 12.1 Lessee agrees to indemnify, defend and hold harmless District, and Lessor and its elected and appointed officers, agents, officials, volunteers, employees and any person or entity owning or otherwise in legal control of the Property (collectively, the "Indemnified Parties") from and against any and all claims (including, without limitation, claims for bodily injury, death or damage to property), demands, obligations, damages, actions, causes of action, suits, losses, judgments, fines, penalties, liabilities, costs and expenses (including, without limitation, attorney's fees, disbursements and court costs) of every kind and nature whatsoever (individually, a "Claim;" collectively, "Claims"), which BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 8 3-24 may arise from or in any manner relate (directly or indirectly) to Lessee's, Lessee's employees, contractor, subcontractor, agents, guests, invitees, sublessee's possession, occupation or use of the Premises, specifically including, without limitation, any claim, liability, loss, or damage arising by reason of: 12.1.1 The death or injury of any person or damage to personal property related to a condition of the Premises or an act or omission of Lessee or an agent, contractor, subcontractor, supplier, employee, servant, or sublessee of Lessee, 12.1.2 Any work performed on the Premises including the construction and/or maintenance of the Improvements, or materials furnished to the Premises at the request of Lessee or any agent or employee of Lessee; and/or 12.1.3 Lessee's failure to perform any provision of this Lease or to comply with any requirement of law or any requirement imposed on the Premises by any duly authorized governmental agency or political subdivision. 12.2 Lessor shall not be liable to Lessee for any Damage to Lessee or Lessee's property, goodwill, increased Lessee operating costs, or loss of business or income by Lessee from any cause other than the gross negligent, intentional or willful acts of City or its elected and appointed officers, agents, officials, volunteers, employees. Except as otherwise expressly provided in this Agreement, Lessee releases and also waives all claims against City for damages arising for any reason other than the gross negligent, intentional or willful acts of City or its elected and appointed officers, agents, officials, volunteers, employees. City shall not be liable to Lessee for any damage to the Premises, Lessee's property, Lessee's goodwill, or Lessee's business income, caused in whole or in part by acts of nature including, without limitation, waves, wind and tidal flows. This indemnity shall apply to all claims and liability regardless of whether any insurance policies are applicable. 13. HAZARDOUS SUBSTANCE 13.1 Hazardous Substance means: (i) any substance, product, waste or other material of any nature whatsoever which is or becomes listed, regulated, or addressed pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. ("CERLCA"); the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq.; the Resource Conversation and Recovery Act, 42 U.S.C. Section 6901 et seq. "RCRA"); the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq.; the California Hazardous Waste Control Act, Health and Safety Code Section 25100 et seq.; the California Hazardous Substance Account Act, Health and Safety Code Sections 25330 et seq.; the California Safe Drinking Water and Toxic Enforcement Act, Health and Safety Code Sections 25249.5 et seq.; California Health and Safety Code Sections 25280 et seq. (Underground Storage of Hazardous Substances); the California Hazardous Waste of Concern and Public Safety Act, Health and Safety Code Sections 25169.5 et seq.; California Health and Safety Code Sections 25501 et seq. (Hazardous Materials BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 9 3-25 Response Plans and Inventory); or the Porter -Cologne Water Quality Control Act, Water Code Sections 13000 et seq., all as they, from time -to -time may be amended or re - codified, (the above -cited statutes are here collectively referred to as the "Hazardous Substances Laws") or any other Federal, State or local statute, law, ordinance, resolution, code, rule, regulation, order or decree regulating, relating to, or imposing liability or standards of conduct concerning, any hazardous, toxic or dangerous waste, substance or material, as now or at any time hereafter in effect; (ii) any substance, product, waste or other material of any nature whatsoever which may give rise to liability under any of the above statutes or under any statutory or common law theory, including but not limited to negligence, trespass, intentional tort, nuisance, waste or strict liability or under any reported decisions of a state or federal court; (iii) petroleum or crude oil; and (iv) asbestos. 13.2 From the Effective Date and throughout the Term, Lessee shall not use, occupy, or permit any portion of the Premises to be used or occupied in violation of any Hazardous Substance laws. 13.3 Notwithstanding any contrary provision of this Lease, and in addition to the indemnification duties of Lessee set forth elsewhere in this Lease, Lessee indemnifies, defends with counsel reasonably acceptable to Lessor, protects, and holds harmless Lessor and its elected officials, officers, employees, agents, attorneys, volunteers and representatives from and against any and all losses, fines, penalties, claims, demands, obligations, actions, causes of action, suits, costs and expenses (including, without limitation, attorneys' fees, disbursements and court costs), damages, judgments, or liabilities, including, but not limited to, any repair, cleanup, detoxification, or preparation and implementation of any remedial, response, closure or other plan of any kind or nature which the Lessor and its officials, officers, employees, agents, attorneys, volunteers or assigns may sustain or incur, or which may be imposed upon them, in connection with any breach of Lessee's obligations or representations in this Lease or the use of the Premises under this Lease, arising from or attributable to the Lessee Parties (defined below) storage or deposit of Hazardous Substances in violation of applicable laws. This section is intended to operate as an agreement pursuant to Section 107(e) of CERCLA, 42 USC Section 9607(e), and California Health and Safety Code Section 25364, to insure, protect, hold harmless, and indemnify Lessor for any claim pursuant to the Hazardous Substance laws or the common law. 13.4 Lessee does not, and shall not, authorize any third party to use, generate, manufacture, maintain, permit, store, or dispose of any Hazardous Substances in violation of applicable laws on, under, about or within the Premises. 13.5 Upon expiration or earlier termination of this Lease, Lessee shall deliver possession of the Premises in compliance with Hazardous Substance laws subject to the last sentence of Section 13.2 above. 13.6 If during the Term of this Lease, Lessee becomes aware of (i) any actual or threatened release of any Hazardous Substances on, in, under, from, or about the Premises in violation of Hazardous Substance laws; or (ii) any inquiry, investigation, proceeding, or claim by any government agency or other person regarding the presence BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 10 3-26 of any Hazardous Substances in violation of Hazardous Substance laws on, in, under, from or about the Premises, Lessee shall give Lessor written notice of the release or inquiry within five (5) calendar days after Lessee becomes aware or first has reason to believe there has been a release or inquiry and shall simultaneously furnish to Lessor copies of any claims, notices of violation, reports, warning or other writings received by Lessee that concern the release or inquiry. 13.7 If the presence of any Hazardous Substances brought onto the Premises by Lessee or Lessee's employees, agents, sublessees, licensees, concessionaires, contractors, or invitees ("Lessee Parties"), or generated by same during the Term of this Lease, results in contamination of the Premises or adjacent properties in violation of Hazardous Substance laws, Lessee shall promptly take all necessary actions, at Lessee's sole expense, to remove or remediate such Hazardous Substances in full compliance with applicable laws. Lessee shall provide notice to Lessor prior to performing any removal or remedial action. Lessee shall not propose nor agree to any covenant of use restriction as part of any removal or remediation required as a result of this provision without Lessor's written consent. Lessee shall pay any costs Lessor incurs in performing Lessee's obligation to clean-up contamination resulting from Lessee's operations or use of the Premises. 13.8 Should any clean-up of Hazardous Substances for which Lessee is responsible not be completed prior to the expiration or sooner termination of the Lease, including any extensions thereof, then Lessee shall transfer the amounts required to complete clean-up into an escrow account, together with Lessor -approved instructions for the disbursement of such amount in payment of the costs of any remaining clean-up as it is completed, and (ii) if the nature of the contamination or clean-up required of Lessee is of such a nature as to make the Premises untenable or unleasable, then Lessee shall be liable to Lessor as a holdover lessee until the clean-up has been sufficiently completed to make the Premises suitable for lease to third parties. The estimated cost of the clean- up shall require approval of the Lessor. 13.9 If Lessor determines, in its reasonable discretion, that Lessee does not have insurance or other financial resources sufficient to enable Lessee to fulfill its obligations under this provision, whether or not accrued, liquidated, conditional, or contingent, then Lessee shall, at the request of Lessor, procure and thereafter maintain in full force and effect such environmental impairment liability and/or pollution liability insurance policies and endorsements, or shall otherwise provide such collateral or security reasonably acceptable to Lessor as is appropriate to assure that Lessee will be able to perform its duties and obligations hereunder. 13.10 Lessee's obligations in this Section 13 shall survive the expiration or earlier termination of this Lease. 14. MAINTENANCE OF LANDSCAPING, BUILDINGS AND IMPROVEMENTS 14.1 Lessee Maintenance. Lessee to maintain all landscaping, buildings and improvements on the Premises: BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 11 3-27 14.1.1 Lessee covenants and agrees that during the Term of this Lease it will, at its sole cost and expense, maintain the grounds, landscaping, including tree trimming and irrigation, Recreation Building, Gymnasium, Basketball Court, Improvements, equipment and furniture, in good order and repair and in clean, orderly, safe and sanitary condition. As part of required ongoing maintenance, Lessee agrees to paint the interior of the Recreation Building as needed. 14.1.2 Lessee shall provide and maintain parking for the Premises in compliance with Use Permit 1503, as amended, and which may be further amended from time to time. 14.1.3 Lessee shall be responsible for the repair of any damage caused by its members or their invitees. 14.2 Lessor May Elect to Repair and Maintain at Expense of Lessee. If, in the judgment of the Lessor, such standards of maintenance and repair are not being maintained, it may at its option, after not less than thirty (30) calendar days prior written notice thereof to the Lessee and Lessee's failure to commence in good faith to remedy the same within the time herein provided and thereafter diligently prosecute the same to completion, elect to correct any deficiency, whether it be in reference to grounds, landscaping, building or improvements. Lessee covenants and agrees to pay to Lessor on demand any and all sums expended by it in correcting any such deficiency, together with interest at the legal rate. If, in the judgment of Lessor, the disrepair or lack of maintenance constitutes an emergency, the notice herein provided shall be a 24-hour notice to remedy. 14.3 District Property. Pursuant to the terms of the License Agreement, Lessee may use the District Property for the operation of a basketball court. Lessee is responsible for maintaining the Basketball Court at its sole cost and expense, including the portion of the Basketball Court on the District Property. 14.4 Lessor's Right of Inspection. In addition to Lessor's rights to use the Premises as provided in this Lease, Lessor reserves the right by its authorized agents, employees or representatives to enter the Premises at any time, without notice, to inspect the Premises in order to attend to or protect the Lessor's interest under this Lease. 14.5 Compliance with Laws, Ordinances and Regulations. Lessor and Lessee covenant and agree to comply with all rules, regulations, statutes, ordinances and laws of the State of California, County of Orange, the City of Newport Beach, or any other governmental body or agency having lawful jurisdiction over the Premises or the business, enterprises, or activities conducted thereon. 14.6 Site Walk. Lessor and Lessee shall annually perform a joint inspection of the Premises by July 15th of every year to determine what repairs and maintenance shall be scheduled for the following year. 14.7 Annual Report. Lessee shall provide a written report to Lessor on or before July 15th of every calendar year during the Term, including any Option Terms, a list of BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 12 3-28 any and all maintenance, repairs, or other work completed, including the costs incurred thereof, for the prior calendar year. 15. ASSIGNMENT Lessee shall not assign, transfer, sublease, mortgage, hypothecate or give any grant of control of this Lease or the Premises, or any part hereof, either voluntarily or involuntarily, unless first approved by the City Council. 16. RESTORATION If during the Term the Premises are totally or partially destroyed, rendering the Premises or any portion thereof totally or partially inaccessible or unusable, Lessee shall, at its sole cost and expense, repair or restore the Premises to substantially the same condition as immediately prior to such destruction (including all trade fixtures, personal property, improvements and alterations as are installed by Lessee, which shall be replaced by Lessee at its expense). Any such work of repair, restoration or replacement shall be commenced within one hundred and eighty (180) days after the damage or loss occurs and shall be completed with due diligence, but not longer than one (1) year after such work is commenced unless delay is caused by events beyond the control of Lessee. Alternatively, Lessee may elect to terminate this Lease by giving written notice of such election to Lessor within sixty (60) calendar days after the date of the occurrence of any casualty if the cost of the restoration exceeds the amount of any available insurance proceeds, if the damage has been caused by an uninsured casualty or event, or if Lessee reasonably estimates that repairs of the Premises will take more than six (6) months. Upon such termination, insurance proceeds applicable to reconstruction of the Premises (excluding Lessee's personal property therein) shall be paid to Lessor, and Lessee shall have no further liability or obligations under this Lease. 17. DEFAULT AND TERMINATION OF LEASE 17.1 Default. Time and each of the terms, covenants and conditions hereof are expressly made the essence of this Lease. If the Lessee shall fail to comply with any of the terms, covenants, or conditions of this Lease, including: 17.1.1 Failure of Lessee to keep current on all payments required in Section 13; 17.1.2 Failure of Lessee to keep the Premises or Improvements in good order and repair, and in a neat, clean, orderly, safe and sanitary condition; 17.1.3 Failure of Lessee to maintain the Premises or Improvements in compliance with any applicable provisions of the City's charter, municipal code and zoning code, state or federal law; 17.1.4 Failure to make payment of Rent at the time and in the amount herein required; BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 13 3-29 17.1.5 Violation of Section 6 (Shared Use), Section 9 (Management, Section 14 (Maintenance), Section 16 (Restoration), or Section 19 (Unlawful Use) of this Lease; or 17.1.6 Failure to provide and maintain valid proof of insurance coverage as required in Section 11 of this Lease. and fails to (1) remedy such default within fourteen (14) calendar days after service of a written notice from Lessor to do so, if the default may be cured by the payment of money or, (2) remedy any default of Section 17.1.2 that presents a life safety issue within fourteen (14) days, (3) commence in good faith to remedy any other default within thirty (30) calendar days and thereafter diligently prosecute the same to completion or, (4) if Lessee shall abandon or vacate the Premises for more than thirty (30) calendar days other than for periods of repair or remodel, which shall be approved in advance by Lessor, then Lessor may, at its option and without further notice or demand, terminate this Lease and enter upon the Premises and take possession thereof, and remove any and all persons therefrom in the appropriate manner provided by law. 17.2 Surrender of Possession upon Expiration or Termination. Lessee covenants and agrees that upon the expiration or sooner termination of this Lease, the Lessee will peaceably surrender the Premises with all buildings and improvements, in the same condition as when received or constructed, excepting reasonable use and wear thereof, and damage by fire, act of God, or by the elements. The Recreation Facilities and all other improvements built, constructed or placed upon the Premises by the Lessee (excluding Lessee's fixtures, equipment, furniture, and moveable decorations), or anyone holding by, under, or through it, shall remain on the Premises and become the property of the Lessor without any cost to Lessor upon the expiration or termination of this Lease, whether by lapse of time or by reason of default, unless, at its sole and absolute discretion, Lessor requires Lessee to remove some or all improvements on the Premises within sixty (60) days following the expiration or termination of this Lease. The provisions of this section shall be effective upon expiration or termination of this Lease regardless of whether Lessee holds over under the provisions of Section 2.4. 17.3 Remedies Cumulative. The rights, powers, elections and remedies of the Lessor contained in this Lease shall be construed as cumulative and no one of them shall be considered exclusive of the other or exclusive of any rights or remedies allowed by law, and the exercise of one or more rights, powers, elections or remedies shall not impair or be deemed a waiver of Lessor's right to exercise any other. 17.4 No Waiver. 17.4.1 No delay or omission of the Lessor to exercise any right or power arising from any omission, neglect or default of the Lessee shall impair any such right: or power or shall be construed as a waiver of any such omission, neglect or default on the part of the Lessee or any acquiescence therein. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 14 3-30 17.4.2 No waiver of any breach of any of the terms, covenants, agreements, restrictions or conditions of this Lease shall be construed as a waiver of any succeeding breach of the same or of any of the terms covenants, agreements, restrictions or conditions of this Lease. 18. EMINENT DOMAIN 18.1 In the event the whole or part of the Premises or improvements is condemned by a public entity in the lawful exercise of the power of eminent domain, this Lease shall cease as to the part condemned upon the date possession of that part is taken by the public entity. 18.2 If only a part is condemned and the taking of that part does not substantially impair the capacity of the remainder to be used for the purposes required in this Lease, Lessee shall continue to be bound by the terms, covenants and conditions of this Lease. 18.3 If only a part is condemned and the taking of that part substantially impairs the capacity of the remainder to be used for the purposes required in this Lease, Lessee shall have the election of: 18.3.1 Terminating this Lease and being absolved of obligations hereunder which have not accrued at the date possession is taken by the public entity; or 18.3.2 Continuing to occupy the remainder of the Premises and remaining bound by the terms, covenants and conditions of this Lease. 18.4 Lessee shall give notice in writing of his election hereunder, within thirty (30) days of the date possession of the part is taken by the public entity. 18.5 Lessor shall be entitled to receive and shall receive all compensation for the condemnation of all or any portion of the Premises by exercise of eminent domain. 18.6 Lessee shall be entitled to receive and shall receive all compensation for the condemnation of all or any portion of the improvements constructed by Lessee on the Premises by the exercise of eminent domain. siF' PILIIW—.W111 IM0 Lessee agrees that no improvement shall be erected, constructed or operated on the Premises, nor any business conducted on the Premises, in violation of the terms of this Lease or of any regulation, order, law, statute, bylaw, charter provision, or ordinance of any governmental agency having jurisdiction. Lessee shall not construct, maintain, or allow any sign upon the Premises or Property, or improvements thereon, except as approved in writing by Lessor, and further, such sign must be in compliance with the provisions of the Newport Beach Municipal Code. Lessee shall not discriminate against any person or class of persons by reason of race, religious creed, color, national origin, ancestry, age, physical disability, mental disability, medical condition, including the BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 15 3-31 medical condition of Acquired Immune Deficiency Syndrome (AIDS) or any condition related thereto, marital status, sex, sexual orientation or any other impermissible basis under the law. Lessee shall make all of its services, programs and facilities available to the public on fair and reasonable terms. 20. TERMINATION OF EXISTING LEASE Concurrently with execution of this Lease by the Parties, the Existing Lease is hereby terminated. 21. NOTICES All notices pursuant to this Lease shall be deemed given when personally delivered or deposited in the United States mail, first class postage prepaid, and addressed as follows: Lessor: City of Newport Beach Attention: Real Property Administrator 100 Civic Center Drive Newport Beach, CA 92660 Lessee: Boys & Girls Clubs of Central Orange Coast Attention: Executive Director 17701 Cowan, Suite 110 Irvine, CA 92614 4►#k►TIT, Ci7:7_101 B1g11y, to] 04=F34:l A Memorandum of Lease Agreement ("Memorandum"), in a form and content similar to that contained in Exhibit "G," which is attached hereto and incorporated by reference, shall be recorded by the parties promptly upon execution of this Lease. Upon execution by both Parties, the Memorandum shall be recorded against the Property in the office of the Orange County Clerk -Recorder, as required by Government Code Section 37393. 23. COMPLIANCE WITH ALL LAWS Lessee shall at its own cost and expense comply with all statutes, ordinances, regulations and requirements of all governmental entities, including federal, state, county or municipal, whether now in force or hereinafter enacted. In addition, all work prepared by Lessee shall conform to applicable city, county, state and federal laws, rules, regulations and permit requirements and be subject to approval of the City Manager or their designee. 24. WAIVER BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 16 3-32 The waiver by Lessor or Lessee of any breach of this Lease by the other shall not be deemed to be a waiver of any term, covenant, or condition or any subsequent breach. The acceptance of Rent by Lessor shall not be deemed a waiver of any breach by Lessee other than the failure to pay the particular rent accepted. 25. PARTIAL INVALIDITY If any term or provision of this Lease is declared invalid or unenforceable, the remainder of this Lease shall not be affected. The laws of the State of California shall govern this Lease and all matters relating to it and any action brought relating to this Lease shall be adjudicated in a court of competent jurisdiction in the County of Orange, State of California. Neither Lessor's execution of this Lease nor any consent or approval given by the City of Newport Beach in its capacity as landlord shall affect the City of Newport Beach's powers and duties as a governmental body. Any consent or approval Lessee is required to obtain from Lessor pursuant to this Lease is in addition to any permits or approvals Lessee is required to obtain pursuant to law or ordinance. However, Lessor shall attempt to coordinate its procedures for giving contractual and governmental approvals so that Lessee's requests and applications are not unreasonable denied or delayed. 27. ENTIRE AGREEMENT; MODIFICATION This Lease contains the entire agreement between the Parties. No verbal agreement or implied covenant shall be held to vary the provisions of this Lease. Each Party has relied on its own investigation of the Premises and examination of this Lease, the counsel of its own attorney or other advisors, and has a complete understanding of the overall warranties, representations, and covenants in this Lease. The failure or refusal of either Party to inspect the Premises, to read this Lease or other documents, or to obtain legal or other advice relevant to this transaction shall not be the basis for later claim that all or part of this Lease is not enforceable or was not understood by a Party when this Lease was signed. No provision of this Lease may be amended or varied except by an agreement in writing signed by the Parties or their respective successors. 28. TIME IS OF THE ESSENCE Time is of the essence with respect to the performance of every provision of this Lease in which time of performance is a factor. All time deadlines are meant to be strictly construed. A "day" means a calendar day, with extension if a deadline occurs on a weekend or day when banks are not open in California. 29. SUCCESSORS Subject to the provisions of this Lease on assignment and subletting, each and all of the covenants and conditions of this Lease shall be binding on and shall inure to the BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 17 3-33 benefit of the heirs, successors, executors, administrators, assigns, and personal representatives of the respective parties. 30. INTERPRETATION The terms of this Lease shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Lease or any other rule of construction which might otherwise apply. 31. HEADINGS The captions of the various sections of this Lease are for convenience and ease of reference only and do not define, limit augment, or describe the scope, content, or intent of this Lease. 32. NO BROKERS Each party warrants to and for the benefit of the other than it has had no dealings with any real estate broker or other agent (attorneys excepted) in connection with the negotiation or making of this Lease, and that no commission, fee or other compensation is owed regarding this Lease by such other Party. 33. GENDER; NUMBER The neuter gender includes the feminine and masculine, the masculine includes the feminine and neuter, and the feminine includes the neuter, and each includes corporation, partnership, or other legal entity whenever the context requires. The singular number includes the plural whenever the context so requires. 34. EXHIBITS All exhibits to which reference is made in this Lease are incorporated by reference. Any reference to "this Lease" includes matters incorporated by reference. 35. CITY BUSINESS LICENSE Lessee shall obtain and maintain during the duration of this Agreement, a City business license as required by the Newport Beach Municipal Code 36. NO ATTORNEY'S FEES The prevailing party in any action brought to enforce the terms and conditions of this Lease, or arising out of the performance of this Lease, shall not be entitled to recover its attorneys' fees. 37. NONDISCRIMINATION BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 18 3-34 Lessee, for itself and its successors, agrees that in the performance under this Lease, Lessee shall not discriminate against any person because of the marital status or ancestry of that person or any characteristic listed or defined in Section 11135 of the Government Code. 38. NO THIRD -PARTY BENEFICIARIES City of Newport Beach (both as a lessor and as the City of Newport Beach) and Lessee do not intend, by any provision of this Lease, to create in any third party, any benefit or right owed by one party, under the terms and conditions of this Lease, to the other party. 39. CALIFORNIA LABOR LAWS It shall be the obligation of Lessee to comply with all laws, including, but not limited to, State of California labor laws, rules and regulations and the Parties agree that the Lessor shall not be liable for any violation by Lessee (or Lessee's agent, sublessee or any party affiliated with Lessee) thereof. 40. NO DAMAGES Lessee acknowledges that Lessor would not enter this Lease if it were to be liable for damages (including, but not limited to, actual damages, economic damages, consequential damages, lost profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use) under, or relating to, this Lease or any of the matters referred to in this Lease, including, without limitation, any and all plans, permits, licenses or regulatory approvals, and CEQA documents. Accordingly, Lessee covenants and agrees on behalf of itself and its successors and assigns, not to sue the City of Newport Beach (either in its capacity as lessor in this Lease or in its capacity as the City of Newport Beach) for damages (including, but not limited to, actual damages, economic damages, consequential damages, lost profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use) or monetary relief for any breach of this Lease by Lessor or for any dispute, controversy, or issue between Lessor and Lessee arising out of or connected with this Lease or any of the matters referred to in this Lease, including, without limitation, any and all plans, permits, licenses or regulatory approvals, CEQA documents, or any future amendments or enactments thereto, the parties agreeing that declaratory relief, injunctive relief, mandate and specific performance shall be Lessee's sole and exclusive judicial remedies. Lessee and Lessor agree that in addition to any claims filing or notice requirements in this Lease, Lessee shall file any claim that Lessee may have against Lessor in strict conformance with the Government Claims Act (Government Code sections 900 et seq.), or any successor statute. 42. COUNTERPARTS BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 19 3-35 This Lease may be executed in two (2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute one (1) and the same instrument. [SIGNATURES ON NEXT PAGE] BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 20 3-36 IN WITNESS WHEREOF, we have executed this Lease as of the day and year written below. APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Date: 3 �3 By: ]�" Aaron Harp U 3 • z9.23 wc, City At rney Date: Leilani I. Brown City Clerk Attachments CITY OF NEWPORT BEACH, a California municipal corporation Date: Bv: Grace K. Leung City Manager LESSEE: BOYS & GIRLS CLUB OF CENTRAL ORANGE COAST, a California nonprofit corporation Date: By: Robert Santana Chief Executive Officer Date: By: Nicole Carrillo Hall Chief Financial Officer [END OF SIGNATURES] Exhibit A: Legal Description of Property Exhibit B: Depiction of Property Exhibit C: Depiction of District Property Exhibit C-1: Depiction of District Property Exhibit C-2: Depiction of Portion District Property Leased to BGCSA Exhibit D: Depiction of Premises Exhibit E: Improvements Exhibit F: Insurance Requirements Exhibit G: Memorandum of Lease BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 21 3-37 IN WITNESS WHEREOF, we have executed this Lease as of the day and year written below. APPROVED AS TO FORM: CITY ATTORNEYS OFFICE Date:_9-D I ayn� By:_ Aaron . Harp City At rney ATTEST: Date: Leilani 1, Brown City Clerk CITY OF NEWPORT BEACH, a California municipal corporation Date: By: Grace K. Leung City Manager LESSEE: BOYS & GIRLS CLUB OF CENTRAL ORANGE COAST, a California nonprofit corporation Date:_ By: _ Robert Santana Chief Executive Officer Date: By: Marcelo Brutti President, Board of Directors [END OF SIGNATURES] Attachments: Exhibit A: Legal Description of Property Exhibit B: Depiction of Property Exhibit C: Depiction of District Property Exhibit C-1: Depiction of District Property Exhibit C-2: Depiction of Portion District Property Leased to BGCSA Exhibit D: Depiction of Premises Exhibit E: Improvements Exhibit F: Insurance Requirements Exhibit G: Memorandum of Lease BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Page 21 3-38 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY That portion of Block 52 of Irvine's Subdivision in the City of Newport Beach, County of Orange, State of California, as per map recorded in Book 1, Page 88, of Miscellaneous Record Maps in the Office of the County Recorder of said County. APN 440-161-06 Inclusive of Parcel 1 as shown on a map fled in Book 38, Page 9 of Parcel Maps and a portion of Block 52 of Irvine's Subdivision as shown on a map thereof recorded in Book 1, Page 88 of Miscellaneous Record Maps, Records of Orange County, California. APN 440-161-05 BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST A-1 3-39 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY That portion of Block 52 of Irvine's Subdivision in the City of Newport Beach, County of Orange, State of California, as per map recorded in Book 1, Page 88, of Miscellaneous Record Maps in the Office of the County Recorder of said County, described as follows: BEGINNING at the intersection of the centerline of Visa del Oro, 60 feet wide, with the centerline of Visa del Sol, 130 feet wide, as said intersection is shown on a map of Tract No. 5463 recorded in Book 195, pages 41 to 44 inclusive of Miscellaneous Maps, records of said County; thence south 250 47' 00" West 100.00 feet along said centerline of Vista del Oro to the beginning of a curve concave northwesterly having a radius of 552.00 feet; thence southwesterly and westerly 533.11 feet along said curve through an angle of 550 20' 08" to a point on a non -tangent line, a radial line of said curve to said point bears South 8° 52' 52" East; thence North 15" 34' 26" West 30.22 feet to a point, hereinafter referred to as Point "B", on a non - tangent curve concave northwesterly having a radius of 522.00 feet, said curve being concentric with and 30.00 feet northwesterly measured radially form the last mentioned curve having a radius of 552.00 feet, a radial line of said curve to said Point "B" bears South 80 29' 41" East; thence continuing North 15' 34' 26" West 487.67 feet; thence North 66' 00' 00" West 1214.26 feet to a point, hereinafter referred to as Point "C", on a non - tangent curve concave northwesterly having a radius of 730.00 feet, a radial line of said curve to said point bears South 40' 57' 15" East; thence North 400 57' 15" West 30.00 feet along said radial line to a point on a non -tangent curve concave northwesterly having a radius of 700.00 feet, said curve being concentric with the last mentioned curve having a radius of 730.00 feet, thence northeasterly and northerly 581.58 feet along said curve having a radius of 700.00 feet through an angle of 47" 16' 12" to a point, a radial line of said curve to said point bears South 88' 33' 27" East; thence South 88' 33' 27" East 102.52 feet along the easterly prolongation of said radial line; thence South 1 ° 26' 33" West 30.00 feet to a point hereinafter referred to as Point "A"; thence South 30 54' 22" East 209.93 feet; thence South 16' 32' 04" East 225.96 feet; thence South 24' 04' 35" East 47.79 feet; thence South 660 00' 00" East 1030.00 feet; thence North 61 ° 01' 55" East 426.17 feet to a point, hereinafter referred to as Point "D", on a non -tangent curve concave westerly having a radius of 400.00 feet, a radial line of said curve to said point bears North 69' 37' 38" East; thence North 69' 37' 38" East 30.00 feet along the northeasterly prolongation of said radial line to a point on a non -tangent curve concave westerly having a radius of 430.00 feet, BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST A-1 3-40 said curve being concentric with the last mentioned curve having a radius of 400.00 feet; thence southerly and southwesterly 346.40 feet along said curve through an angle of 46' 09' 22"; thence South 25' 47' 00" West 100.00 feet to the point of the beginning. EXCEPTING THEREFROM a strip of land 30 feet wide for a road and utility purposes, lying easterly, southeasterly and southerly of the following described line: BEGINNING at the hereinabove described Point "B"; thence easterly and northeasterly 507.66 feet along said curve hereinabove described as concave northwesterly having a radius of 522.00 feet through an angle of 55' 43' 19"; thence North 25' 47' 00" East 200.00 feet to the beginning of said curve hereinabove described as concave westerly having a radius of 400.00 feet; thence northeasterly and northerly 322.23 feet along said curve through an angle of 460 09' 22" to the hereinabove described Point "D". ALSO EXCEPTING THEREFROM a strip of land for road and utility purposes, lying northwesterly and northerly of the following described line: BEGINNING at the hereinabove described Point "A", thence North 880 33' 27" West 58.88 feet to the beginning of a curve concave southeasterly having a radius of 15.00 feet; thence westerly and southwesterly 22.66 feet along said curve through an angle of 86' 32' 13" to the beginning of a reverse curve hereinabove described as concave northwesterly having a radius of 730.00 feet, a radial line to said point bears North 850 05' 40" West; thence southerly and southwesterly 562.39 feet along said curve through an angle of 440 08' 25" to hereinabove described Point "C". SUBJECT TO: a) Current taxes and assessments b) Easements, rights of way and other matters of record, or apparent. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST A-2 3-41 EXHIBIT B DEPICTION OF PROPERTY BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST B-1 3-42 EXHIBIT B 0 0-1 k., T -7 4r Co. W�*.' 741riff IERR, 44 Las t 7'1 JiI- agtblu �A 0 San Girls -1U ILL 0 ju IT Ce LLL 9! i > It" BELLI ®r f4 lee NEDisclaimer: N E W P 0 R Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of Newport Beach and its employees and agents /1 '9 disclaim any and all responsibility from or relating to 0 417 833 any results obtained in its use. KU -Z Feet 12/19/201 3-43 EXHIBIT C Ir]M0to] I to] I•901091601110[do ■w:Zo]»:iwil BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST C-1 3-44 EXHIBIT C-1 Depiction of District Property j i ,•, _0 n.,* "�� .�`r .1- j ' j !� f Y, \i♦"T�,1 C , N A. �` C' `�5 ,'`ems C xs N.%Lastf x 4. t-Eleiiientarp:School�' } ` y SL Y T V A f i Y ,� A MOM G "�' �� • & Soys and _ Ji NV4 --jjjftu Disclaimer: i E WPORT BEAC H Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of POD-4,T Newport Beach and its employees and agents 0 200 400 disclaim any and all responsibility from or relating to any results obtained in its use. _ n u ' a Feet p` 1211912018 3-45 EXHIBIT C-2 s � Portion • }' BGCSA N E W P O R T R F A C H or , o x t° Disclaimer: 0 Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of Newport Beach and its employees and agents 40 $O disclaim any and all responsibility from or relating to any results obtained in its use. Feet 12/19/2018 3-46 EXHIBIT D DEPICTION OF PREMISES BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST D-1 3-4 7 EXHIBIT D DEPICTION OF PREMISES DISL I L PI opefty f 9 Yi 1 a6u! �fj'S'T n •ILI CCIF BGCSA Leased Premises Disclaimer: 0 Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of Newport Beach and its employees and agents a 4a 8� disclaim any and all responsibility from or relating to any results obtained in its use. Feet EXHIBIT E IMPROVEMENTS BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST E-1 3-49 Boys & Girls Club Newport Beach 2019 Pursuing Greatness Campaign Renovation Highlights • 4 STEAM (Science Technology Engineering Arts Math) Labs o Chromebooks o ]Pads o Projectors o Programs: Arts, Character, Leadership, Entrepreneurship, Coding, etc. • 1 Kindergarten Lab • 1 Makerspace o 3D Printers, Drones, Various Robotics, Laser Cutters, Virtual Gaming Projector, etc. • Gymnasium o New flooring, backboards, wall pads, bleachers, & updated design School Partnerships o Eastbluff Elementary School o Newport Coast Elementary School o Lincoln Elementary School o Corona Del Mar HS/MS o Harbor View Elementary School (714) 54-3-5540 1 1 0,1 _<-,san, r5liite#110 I Irvfne, CA 92614 1 wwwbcrysandgirlsclub.com 3-50 3-51 EXHIBIT F INSURANCE REQUIREMENTS BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-1 3-52 EXHIBIT F INSURANCE REQUIREMENTS Without limiting Lessee's indemnification of Lessor, Lessee will obtain, provide and maintain at its own expense during the Term of this Lease, a policy or policies of insurance of the type, amounts and form acceptable to Lessor. The policy or policies shall provide, at a minimum, those items described below. 1. Provision of Insurance. Without limiting Lessee's indemnification of Lessor, and prior to commencement of work on Property by Lessee or Lessee's agents, representatives, consultants, contractors and/or subcontractors, Lessee shall obtain, provide and maintain at its own expense during the Term of this Lease policies of insurance of the type and amounts described below and in a form satisfactory to Lessor. Lessee agrees to provide insurance in accordance with requirements set forth herein. If Lessee uses existing coverage to comply and that coverage does not meet these requirements, Lessee agrees to amend, supplement or endorse the existing coverage. 2. Acceptable Insurers. All insurance policies shall be issued by an insurance company currently authorized by the insurance commissioner to transact business of insurance in the State of California, with an assigned policyholders' rating of A - (or higher) and financial size category class VII (or larger) in accordance with the latest edition of best's key rating guide, unless otherwise approved by the City's Risk Manager. 3. Coverage Requirements. A. Workers' Compensation insurance. Lessee and Lessee's agents, representatives, consultants, contractors and/or subcontractors, shall maintain Workers' Compensation Insurance, statutory limits, and Employer's Liability Insurance with limits of at least one million dollars ($1,000,000) each accident for bodily injury by accident and each employee for bodily injury by disease in accordance with the laws of the State of California, Section 3700 of the Labor Code. Lessee and Lessee's agents, representatives, consultants, contractors and/or subcontractors, shall submit to Lessor, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of Lessor, its officers, agents, employees and volunteers. B. General Liability Insurance. Lessee and Lessee's agents, representatives, consultants, contractors and/or subcontractors, shall maintain commercial general liability insurance, and if necessary umbrella liability insurance, with coverage at least as broad as provided by Insurance Services Office form CG 00 01, in an amount not less than five million dollars ($5,000,000) per occurrence, ten million dollars ($10,000,000) general aggregate. The policy shall cover liability arising from Property, operations, personal and BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-1 3-53 advertising injury, and liability assumed under an insured contract (including the tort liability of another assumed in a business contract) with no endorsement or modification limiting the scope of coverage for liability assumed under a contract. Sexual abuse/molestation coverage shall be included under Commercial General Liability or obtained in a separate policy with a limit of not less than $1,000,000 per occurrence and $3,000,000 in the aggregate. C. Automobile Liability Insurance. Lessee and Lessee's agents, representatives, consultants, contractors and/or subcontractors, shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage, including coverage for any owned, hired, non -owned or rented vehicles, in an amount not less than five million dollars ($5,000,000) combined single limit each accident. D. Professional Liability (Errors & Omissions) Insurance. Lessee shall require that Lessee's consultants, contractors and/or subcontractors providing any design, engineering, surveying or architectural services for the Property maintain professional liability insurance that covers the services to be performed, in the minimum amount of one million dollars ($1,000,000) per claim and two million dollars ($2,000,000) in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the Effective Date of this Lease and Lessee shall require that Lessee's consultants, contractors and/or subcontractors agree to maintain continuous coverage through a period no less than three (3) years after completion of the services performed. E. Products -Completed Operations. Lessee shall require and verify that Lessee's construction contractors and subcontractors maintain commercial general liability insurance, including products -completed operations, for a period of at least five (5) years from the time that all work is completed or obtain coverage for completed operations liability for an equivalent period. F. Builder's Risk Insurance. During construction, Lessee shall maintain Builder's Risk Insurance to cover "All Risk" of physical loss including coverage for loss or damage from collapse resulting from builder's design error. All property stored off -site or in transit must be covered. The value insured shall cover 100% of the completed contract cost and include Boiler & Machinery and Soft Costs and shall be maintained until full acceptance by Lessor. The "All Risk" coverage shall contain no coinsurance clause. Earthquake and flood coverage shall be covered to 100% of the completed contract cost. A waiver of subrogation and primary and non-contributory endorsements shall be provided to Lessor. Proceeds payable under this insurance shall be fully payable to Lessor as Loss Payee. Lessee shall be solely responsible for the payment of any deductible. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-2 3-54 G. Property Insurance. Lessee shall maintain property insurance throughout the Term of the Lease on an "All Risk" basis equal to the full replacement cost of the Property. The insurance shall contain no coinsurance clause. A waiver of subrogation and primary and noncontributory endorsements shall be provided to Lessor. Proceeds payable under the insurance shall be fully payable to Lessor as Loss Payee. Earthquake and flood coverage shall be covered to 100% of the completed contract cost. Lessee shall be solely responsible for the payment of any deductible. H. Pollution Liability Insurance. Lessee shall require that Lessee's construction contractors and subcontractors maintain a policy providing contractor's pollution liability ("CPL") coverage with a total limit of liability of no less than two million dollars ($2,000,000) per loss and in the aggregate per policy period dedicated to this project. The CPL shall be obtained on an occurrence basis for a policy term inclusive of the entire period of construction. If all or any portion of CPL coverage is available only on a claims -made basis, then a 10-year extended reporting period shall also be purchased. The CPL policy shall include coverage for cleanup costs, third - party bodily injury and property damage, including loss of use of damaged property or of property that has not been physically injured or destroyed, resulting from pollution conditions caused by contracting operations. Coverage as required in this paragraph shall apply to sudden and non - sudden pollution conditions resulting from the escape or release of smoke, vapors, fumes, acids, alkalis, toxic chemicals, liquids, or gases, waste materials, or other irritants, contaminants, or pollutants. The CPL shall also provide coverage for transportation and off -site disposal of materials. The policy shall not contain any provision or exclusion (including any so-called "insured versus insured" exclusion or "cross -liability" exclusion) the effect of which would be to prevent, bar, or otherwise preclude any insured or additional insured under the policy from making a claim which would otherwise be covered by such policy on the grounds that the claim is brought by an insured or additional insured against an insured or additional insured under the policy. 4. Endorsements; Policies shall contain or be endorsed to contain the following provisions: A. Additional Insured Status. Lessor, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as an additional insured under all general liability, automobile liability and pollution liability policies with respect to liability arising out of Lessee's activities related to this Lease and with respect to use or occupancy of the Property. B. Primary and Non Contributory. Policies shall be considered primary insurance as respects to Lessor, its elected or appointed officers, officials, employees, agents and volunteers as respects to all claims, losses, or liability arising directly or indirectly from Lessee's operations. Any insurance BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-3 3-55 maintained by Lessor, including any self -insured retention Lessor may have, shall be considered excess insurance only and not contributory with the insurance provided hereunder. C. Liability Insurance. Liability insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company. D. Waiver of Subrogation. All insurance coverage maintained or procured pursuant to this Lease shall be endorsed to waive subrogation against Lessor, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Lessee or others providing insurance evidence in compliance with these requirements to waive their right of recovery prior to a loss. Lessee hereby waives its own right of recovery against Lessor, and shall require similar written express waivers from each of its consultants, contractors or subcontractors. E. Reporting Provisions. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to Lessor, its elected or appointed officers, officials, employees, agents or volunteers. F. Notice of Cancellation. The insurance required by this Lease shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) calendar days (ten (10) calendar days written notice of non- payment of premium) written notice has been received by Lessor. It is Lessee's obligation to ensure that provisions for such notice have been established. 5. Additional Requirements. A. In the event Lessor determines that (i) the Lessee's activities on the Property creates an increased or decreased risk of loss to the Lessor, (ii) greater insurance coverage is required due to the passage of time, or (iii) changes in the industry require different coverage be obtained, Lessee agrees that the minimum limits of any insurance policy required to be obtained by Lessee or Lessee's consultants, contractors or subcontractors, may be changed accordingly upon receipt of written notice from Lessor. With respect to changes in insurance requirements that are available from Lessee's then -existing insurance carrier, Lessee shall deposit certificates evidencing acceptable insurance policies with Lessor incorporating such changes within thirty (30) calendar days of receipt of such notice. With respect to changes in insurance requirements that are not available from Lessee's then- existing insurance carrier, Lessee shall deposit certificates evidencing acceptable insurance policies with Lessor, incorporating such changes, within ninety (90) calendar days of receipt of such notice. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-4 3-56 B. Any deductibles or self -insured retentions applicable to the commercial property or insurance purchased in compliance with the requirements set forth herein shall be approved by Lessor. C. Lessee and Lessee's consultants, contractors and/or subcontractors shall be subject to the insurance requirements contained herein unless otherwise specified in the provisions above or written approval is granted by Lessor. Lessee shall verify that all consultants, contractors and/or subcontractors maintain insurance meeting all the requirements stated herein, and Lessee shall ensure that Lessor is an additional insured on insurance required from contractors, consultants and/or subcontractors. D. For general liability coverage, contractors, consultants and/or subcontractors shall provide coverage with a format at least as broad as provided by Insurance Services Office form CG 20 38 04 13. Unless written approval is granted by Lessor, contractors and/or subcontractors shall also provide an additional insured endorsement at least as broad as ISO Form CG 20 37. E. If Lessee maintains higher limits than the minimums shown above, Lessor requires and shall be entitled to coverage for the higher limits maintained by the Lessee. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to Lessor. F. Lessee shall give Lessor prompt and timely notice of any claim made or suit instituted arising out of or resulting from Lessee or Lessee's agents, representatives, consultants, contractors or subcontractors performance under this Lease. G. Lessee shall provide certificates of insurance, with original endorsements as required above, to Lessor as evidence of the insurance coverage required herein. Insurance certificates must be approved by Lessor prior to commencement of work or issuance of any permit. Current certification of insurance shall be kept on file with Lessor at all times during the term of this Lease. H. All required insurance shall be in force on the Effective Date, and shall be maintained continuously in force throughout the term of this Lease. In addition, the cost of all required insurance shall be borne by Lessee or by Lessee's consultants, contractors or subcontractors. If Lessee or Lessee's consultants, contractors or subcontractors fail or refuse to maintain insurance as required in this Lease, or fail to provide proof of insurance, Lessor has the right to declare this Lease in default without further notice to Lessee, and Lessor shall be entitled to exercise all available remedies. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-5 3-57 J. Lessee agrees not to use the Property in any manner, even if use is for purposes stated herein, that will result in the cancellation of any insurance Lessor may have on the Property or on adjacent Property, or that will cause cancellation of any other insurance coverage for the Property or adjoining Property. Lessee further agrees not to keep on the Property or permit to be kept, used, or sold thereon, anything prohibited by any fire or other insurance policy covering the Property. Lessee shall, at its sole expense, comply with all reasonable requirements for maintaining fire and other insurance coverage on the Property. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST F-6 3-58 EXHIBIT G MEMORANDUM OF LEASE BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST G-1 3-59 RECORDING REQUESTED AND WHEN RECORDED RETURN TO: City Clerk's Office City of Newport Beach 100 Civic Center Drive Newport Beach, CA 92660 [Exempt from Recordation Fee - Govt. Code §§ 6103 & 27383] MEMORANDUM OF LEASE AGREEMENT This Memorandum of Lease Agreement ("Memorandum") is dated , 2020, and is made between City of Newport Beach, a California municipal corporation and charter city ("Lessor" or "City") and Boys & Girls Clubs of Central Orange Coast, a California non-profit corporation ("Lessee"), concerning the premises as described and depicted in Attachments "A" and "B," respectively, attached hereto and by this reference made a part hereof ("Premises"). For good and adequate consideration, Lessor leases the Premises to Lessee, and Lessee hires them from Lessor, for the term and on the provisions contained in the Lease Agreement dated , 2020 ("Agreement"), including without limitation provisions prohibiting assignment, subleasing, and encumbering said leasehold without the express written consent of Lessor in each instance, all as more specifically set forth in said Agreement, which said Agreement is incorporated in this Memorandum by this reference. The term is thirty (30) years, beginning 1 2020, and ending , 2050, and two (2) additional successive "Option Terms" of ten (10) years, on the same terms and conditions contained in the Agreement as it may be amended from time to time. This Memorandum is not a complete summary of the Agreement. Provisions in this Memorandum shall not be used in interpreting the Agreement's provisions. In the event of conflict between this Memorandum and other parts of the Agreement, the other parts shall control. Execution hereof constitutes execution of the Agreement itself. [Signatures on the next page] 3-60 LESSOR City of Newport Beach, a California municipal corporation Grace K. Leung City Manager ATTEST: Leilani I. Brown City Clerk APPROVED AS TO FORM: Aaron C. Harp City Attorney LESSEE Boys & Girls Clubs of Central Orange Coast, a California non-profit corporation Robert Santana Chief Executive Officer Wayne Pinnell President of the Board of Directors BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST G-2 3-61 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of I ss. On , 20 before me, , Notary Public, personally appeared who 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 signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (seal) ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of } ss. On , 20 before me, , Notary Public, personally appeared 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 signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (seal) 3-62 ATTACHMENT "A" DESCRIPTION OF PREMISES A. That certain parcel of land in the City of Newport Beach, County of Orange, State of California being all of Parcel 1 as shown on a map filed in Book 58, Page 21 of Parcel Maps in the office of the County Recorder of said County and a portion of Block 52 of Irvine's Subdivision as shown on a map recorded in Book 1, Page 88 of Miscellaneous Record Maps in the office of said Recorder, more particularly described as follows: Beginning at the most northerly corner of said Parcel 1, said corner being in a curve in the centerline of Vista Del Oro as shown on said map, concave westerly and having a radius of 430.00 feet, a radial from said corner bears South 69037'38" East; thence along the northwesterly boundary of said parcel the following courses: South 69°37'38" West 30.00 feet; thence South 61 °01'55" West 163.50 feet; thence leaving said boundary South 61 °01'55" West 63.50 feet; thence South 28058'05" West 55.50 feet; thence North 61 001'55" East 26.83 feet to the most southerly westerly corner of said parcel; thence along the boundary of said parcel the following courses: South 28°58'05" East 76.00 feet: thence North 61 001'55" East 155.96 feet to a point, said point being 30.00 feet westerly of the centerline of said Vista Del Oro, a radial from said point bears South 89°36'00" West; thence radially North 890 3600" East 30.00 feet to said centerline; thence along said centerline and said curve 149.89 feet through a central angle of 19°58'22" to the Point of Beginning. B. That certain parcel of land described in a certain License Agreement dated February 1, 1978 between the City of Newport Beach and the Newport -Mesa Unified School District as shown on Exhibit B-1 attached hereto and incorporated herein by reference. Subject to the terms and conditions of the License Agreement. Assessor's Parcel Numbers 440-161-05 and 440-161-06 BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST G-3 3-63 ATTACHMENT °B" DEPICTION OF PREMISES p b ~� :,- �. � },s - - �1It5iA FLORA ,� • ' r y ~v � -_ter 1 ��• '�' t• �rC•n -.1 N9 4' N F W V n A T R F A r H lit 0 417 9C Feet c disclaimer: Every reasonable Efort has been made to assure the accuracy of the data proviced, hoerever- The City of Newport 3each and is employees and agents disclaim any and as responsbky 5om cr relatng to any results obtained in its use. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST G-4 3-64 Attachment C Maps 3-65 3-66 D� ER o Ir _L T. P.•.�. IIR l•1•:1 ERA �' y�Z., Eastl+liift ' ElettietttdLC..Sc'lt[iol _ ryt Y �1 d7flrg xa­ �;a } .+� � i3 : 1�'� ` ,. �r ��� • # T Mire r,'• ; �s.v ► ..: 1 [`t�fi�'`�1Ea&stBabalyusff aPnad�RA �j ` _ .. �: '"• Girfs Flub b I.u' ...% ¢� : IV r s.;�� SELLIs 5T mSDisclaimer: N E W P O R T B E A C H Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of �EvrPp� Newport Beach and its employees and agents o� 0 417 833 disclaim any and all responsibility from or relating to any results obtained in its use. U � �gc,Foa�'e- Feet 12/19/2018 3-67 "h a TTPa r g and, NIM% I S Disclaimer: N E W P O R T B E A C H10 Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of �yE,wPp� Newport Beach and its employees and agents o� 0 40 80 disclaim any and all responsibility from or relating to any results obtained in its use. v s cgc�coa�'r Feet 12/19/2018 3-68 Attachment D City Council Policy F-7, Income and Other Property 3-69 F-7 INCOME AND OTHER PROPERTY The City owns and manages an extensive and valuable assortment of property including streets, parks, beaches, public buildings and service facilities. The City also owns or ground leases and/or operates a yacht basin, resort hotel and apartment property, a luxury residential development and various other income -producing properties. Much of the income property is tidelands, filled tidelands or waterfront. Unencumbered fee value of income property is substantial. As owner/manager of property, the City is the steward of a public trust, and state law requires the City to maximize its returns on state -managed property or be subject to a charge of making a gift of public funds. Nevertheless, the City Council recognizes the importance of this property not only as a revenue generator, but also as a means to provide otherwise financially less feasible uses and facilities that benefit the community. In managing its property, the City will continually evaluate the potential of all City owned property to produce revenue. This may include leasing or licensing unused land, renting vacant space, and establishing concessions in recreation areas or other similar techniques. The City Council will evaluate the appropriateness of establishing new income generating opportunities on City controlled areas using sound business principles and after receiving input from neighbors, users and the public. The policy of the City Council is that income and other property be held and managed in accordance with the following: A. Whenever a lease, license, management contract, concession or similar action regarding income property is considered by the City, an analysis shall be conducted to determine the maximum or open market value of the property. This analysis shall be conducted using appraisals or other techniques to determine the highest and best use of the property and the highest income generating use of the property. B. All negotiations regarding the lease, license, management contract, concession, or similar action regarding income property shall include review of an appraisal or analysis of the use being considered for the property conducted by a reputable and independent professional appraiser, real estate consultant, or business consultant. C. The City shall seek, whenever practical and financially advantageous, both in the short and long term, to operate or manage all property and facilities directly with City staff or contractors, provided staff have the expertise needed to competently do so, or to oversee the work of contractors. 11 3-70 F-7 D. In most negotiations regarding the lease, license, management contract, concession, or similar action regarding an income or other property, the City shall seek revenue equivalent to the open market value of the highest and best use; and, whenever practicable the City shall conduct an open bid or proposal process to ensure the highest financial return. E. However, in some circumstances the City may determine that use of a property by the public for recreational, charitable or other nonprofit purpose is preferred and has considerable public support, in which case the City may determine that non- financial benefits justify not maximizing revenue from such property. In such circumstances, the City has a vested interest in ensuring that the lessee of such property operates the activities conducted on or from the property in the manner that has been represented to the City throughout the duration of any lease or contract with the City. F. Whenever less than the open market or appraised value is received or when an open bid process is not conducted, the City shall make specific findings setting forth the reasons thereof. Such findings may include but need not be limited to the following: 1. The City is prevented by tideland grants, Coastal Commission guidelines or other restrictions from converting the property to another use. 2. Redevelopment of the property would require excessive time, resources, expertise and costs, which would outweigh other financial benefits. 3. Converting the property to another use or changing the operator, manager, concessionaire, licensee, or lessee of the property would result in excessive vacancy, relocation or severance costs, real estate commissions, tenant improvement allowances, expenses or rent concessions which would outweigh other financial benefits. 4. Converting residential property to another use or opening residential leases to competitive bid would create recompensable liabilities and other inequities for long-term residents. 5. The property provides an essential or unique service to the community or a clearly preferred use that enjoys substantial support in the community that might not otherwise be provided were full market value of the property be required. 2 3-71 F-7 6. The property serves to promote other goals of the City such as affordable housing, preservation of open space, uses available to the public or marine related services. 7. If the lessee is not (a) a statewide or national nonprofit organization, or (b) a public entity or subdivision thereof, then the City finds that the By -Laws and charter documents of such lessee (i) establishes a procedure wherein the election of directors of such lessee is accomplished by an open, democratic and transparent process that allows members to vote, (ii) has a governance and operational structure that is consistent with best practices for non-profit public benefit corporations as determined by the City Council, and (iii) cannot be amended to affect subparts (i) or (ii) without the prior written consent of the City as lessor. G. Generally, lengths of licenses, leases, management contracts, concessions, or similar agreements will be limited to the minimum necessary to meet market standards or encourage high quality improvements and will contain appropriate reappraisal and inflation protection provisions. Also, all agreements shall contain provisions to assure complete audits periodically through their terms. H. All negotiations regarding the license, lease, management contract, concession or similar action regarding income property shall be conducted by the City Manager or his/her designee under the direction of any appropriate City committees. I. To provide an accurate accounting of actual net revenues generated by the City's income property, all costs directly attributable or allocable to the management of a specific income property shall be charged against the gross revenues collected on that property in the fiscal year the costs are incurred. Costs so chargeable include, but are not limited to, property repairs and maintenance, property appraisals, and consultant fees, as authorized by the City Council, City Manager, or by this Income Property Policy. J. The City Manager or his/her designee is authorized to sign a license, lease, management contract, concession, or similar agreement or any amendment thereto, on behalf of the City. Notwithstanding the foregoing, the City Manager or his/her designee, or a City Council member, may refer any license, lease, management contract, concession or similar agreement or any amendment thereto, to the City Council for its consideration and/or action. K. The City's portfolio of quality income producing properties adds an element of diversification to a portfolio otherwise invested primarily in financial assets. Certain of those income properties are restricted from sale by their terms of grant, state agency regulations or rules, other federal and state guidelines, private 3 3-72 F-7 covenant or agreement or otherwise. For those properties not so restricted from sale, an analysis shall be prepared to determine the following prior to such income producing property being offered for sale: 1. The maximum open market value of the City's interest in the property in its as is condition. 2. If the property is in an important location, a determination of the possible future consequences of the City no longer controlling that property. 3. If the current rent is contractually low and significant rent increases are likely within a finite period. 4. The likelihood of significant increases in the ability of the property to generate income after the expiration of any current lease of the property. 5. The likelihood of a lease extension being requested by the tenant and the ability to substantially increase rents or require significant improvements to enhance the utility and the value of the property as consideration for granting such an extension. 6. The value of the revenue stream from (i) lease income over the life of an existing lease and/or (ii) likely lease revenue if an existing lease were to be renewed or the property re -let to a different tenant; and/or (iii) lease income from the property if it were to be converted to its highest and best use, compared with the financial benefits of the use of the proceeds of a sale and if, considering the totality of the circumstances, such use of the proceeds of a sale is preferable to retaining the property in question. Adopted - July 27,1992 Amended - January 24,1994 Amended - February 27,1995 Amended - February 24,1997 Amended - May 26,1998 Amended - August 11, 2009 Amended - May 14, 2013 Amended - February 12, 2019 Formerly F-24 0 3-73 Attachment E Appraisal Report by R.P. Laurain & Associates, Inc., dated April 23, 2019 3-74 APPRAISAL REPORT MARKET RENTAL VALUE STUDY NEWPORT BEACH BOYS AND GIRLS CLUB FACILITY 2555 VISTA DEL ORO NEWPORT BEACH, CALIFORNIA APN: PORTION OF 440-161-01 R. P . LAURAIN & ASSOCIATES I N C O R P O R A T E D 3-75 APPRAISAL REPORT MARKET RENTAL VALUE STUDY NEWPORT BEACH BOYS AND GIRLS CLUB FACILITY 2555 VISTA DEL ORO NEWPORT BEACH, CALIFORNIA APN: PORTION OF 440-161-01 Effective Date of Market Value Study April 10, 2019 Prepared for CITY OF NEWPORT BEACH 100 Civic Center Drive Newport Beach, California 92660 Prepared by LAURAIN & ASSOCIATES, INC. 53 Linden Avenue, Suite 200 )ng Beach, California 90807 Date of Report April 23, 2019 R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 3-76 R. P. LAURAIN & ASSOCIATES INCORPORATED April 23, 2019 3353 LINDEN AVENUE, SUITE 200 LONG BEACH, CALIFORNIA 90807 TELEPHONE (562) 426-0477 FACSIMILE (562) 988-2927 Ms. Lauren Wooding Whitlinger Real Property Administrator City of Newport Beach Community Development Department 100 Civic Center Drive Newport Beach, California 92660 Subject: Market Rental Value Study Newport Beach Boys and Girls Club Facility 2555 Vista Del Oro Newport Beach, California APN: Portion of 440-161-01 Dear Ms. Wooding Whitlinger: In accordance with your request and authorization, I have personally appraised the above -referenced property as of a current date. The appraisal study included (1) an inspection of the subject property, (2) a review of market data in the immediate and general subject market area, and (3) a valuation analysis. The purpose of this appraisal is to estimate the fair market rental rate applicable to the subject property, based on the existing special purpose use (Boys and Girls Club). Further, the appraisal sets forth the allocation of rent for that portion of the site vested with the Newport Mesa Unified School District (NMUSD). The subject lease site is part of a larger public park (Eastbluff Park) which larger public park is identified as APN 440-161-01, containing 13.87f acres of land area, per Assessor's Mapping. The subject lease site, however, contains 41,500f total square feet, per the City of Newport Beach. It should also be noted that approximately 2,560 square feet of land area is vested with the Newport Mesa Unified School District (NMUSD). The subject lease site is improved with a community recreation building containing 12,393 total square feet, consisting of (1) 6,161 square feet of classroom, game room, and office space, as well as restrooms and a kitchen area, and (2) a gymnasium containing 6,232 square feet. The building was constructed circa 1975, was remodeled in 2008, and is in overall below average condition. APPRAISERS - ANALYSTS 3-77 Ms. Lauren Wooding Whitlinger Real Property Administrator City of Newport Beach April 23, 2019 Page 2 The subject site is located in the PR (Public Recreation) zone district, and is considered a special purpose property. Given the lack of comparable sale and rental properties, the market rental value is based on a rate of return applied to the otherwise market value of the subject property. The Sales Comparison Approach has been utilized to estimate the underlying land value considering the public open space/recreation nature of the subject site. The market value of the building and on -site improvements is based on the Cost Approach. Refer to the accompanying report for a complete description of the subject property. The purpose of the appraisal study is to set forth the market rental rate applicable to (1) the subject lease site as a whole, plus (2) that portion of the lease site vested with the Newport Mesa Unified School District (NMUSD). For each rental value study, the market rental value is allocated between (1) the underlying land and (2) the building and on -site improvements. After considering the various factors which influence value, the market rental value of the subject lease site, as of April 10, 2019, is summarized as follows: Property as a Whole: Annual Rent, land only: $ 3,600 Annual Rent, building and site improvements: 52,200 Total Annual Rent: $ 55,800 Total Monthly Rent: $4,650 Allocation of School District Portion; Annual Rent, land only: Annual Rent, basketball court improvements: Total Annual Rent: Total Monthly Rent: $ 230 R64 $ 1,U94 $91.17 R. P. L A U R A IN & A S S O C I A T E S INCORPORATED 3-78 Ms. Lauren Wooding Whitlinger Real Property Administrator City of Newport Beach April 23, 2019 Page 3 The foregoing values are subject to the assumptions and limiting conditions set forth in the Preface Section and the valuation study in the Valuation Analysis Section. No portion of this report shall be amended or deleted. This appraisal report is submitted in accordance with the Uniform Standards of Professional Appraisal Practice, per Standard Rule 2-2(a), as a complete narrative Appraisal Report. If you require any additional information from our file, it would be appreciated if you would contact the undersigned at your convenience. Very truly yours, R. P. RAIN &ASSOCIATES, INC. n Ura , MAI, ASA ertified General Real Estate Appraiser California Certification No. AG 025754 J PL: cl R. P. L A U R A IN & A S S O C I A T E S INCORPORATED 3-79 TABLE OF CONTENTS Title Page Letter of Transmittal Table of Contents PREFACE Location Map Date of Value Purpose of the Appraisal Property Rights Appraised Client Intended User of Appraisal Intended Use of Appraisal Appraiser's Certification Scope of the Appraisal Assumptions and Limiting Conditions Terms and Definitions SUBJECT PROPERTY DESCRIPTION Lessor Lessee Property Address Legal Description Aerial Site Plan Exhibit Plat Map Aerial Photograph Site Description Building Improvements Building Drawing and Floor Plan Drawings Other Improvements Furniture, Fixtures, and Equipment Ownership History Assessment Data Tenant Data Appraisal Inspection Neighborhood Environment R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-80 TABLE OF CONTENTS (Continued) VALUATION ANALYSIS Highest and Best Use Analysis Valuation Methods Sales Comparison Approach Cost Approach Market Rent Final Estimate of Rental Value ADDENDA Additional Photographs Qualifications of Appraiser R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 3-81 PREFACE 3-82 '� DELORME DATE OF VALUE The date of value (effective date) employed in this report, and all opinions and computations expressed herein, are based on April 10, 2019. Said date being generally concurrent with the valuation analysis process. PURPOSE OF THE APPRAISAL The purpose of this appraisal report is to express an estimate of market rental value applicable to the subject site. The definitions of market value and rental value are set forth in the following portion of this section, following the heading "Terms and Definitions." Further, it is the purpose of this appraisal report to describe the subject property, and to render an opinion of the highest and best use based on (1) the character of potential development of the property appraised, (2) the requirements of local governmental authorities affecting the subject property, (3) the reasonable demand in the open market for properties similar to the subject property, and (4) the location of the subject property considered with respect to other existing and competitive districts within the immediate and general subject market area. Further, it is the purpose of this appraisal report to provide an outline of certain factual and inferential information which was compiled and analyzed in the process of completing this appraisal study. PROPERTY RIGHTS APPRAISED The property rights appraised herein are those of the fee simple interest in the subject property. Fee simple is defined as, "An absolute fee; a fee without limitation to any particular class of heirs, or restrictions, but subject to the limitations of eminent domain, escheat, police power, and taxation. An inher- itable estate." R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-1 3-84 CLIENT The client for the subject appraisal assignment is the City of Newport Beach. INTENDED USER OF APPRAISAL The intended user of this appraisal is the City of Beach, including representatives thereof. INTENDED USE OF APPRAISAL It is understood that this appraisal will be utilized to establish the fair market rental rate applicable to the subject property, for the possible lease negotiations with the existing tenant, and/or for budgetary purposes. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 1-2 3-85 CERTIFICATION The undersigned does hereby certify that: I have personally inspected the subject property; I have no present or contemplated future interest in the real estate which is the subject of this appraisal report. Also, I have no personal interest or bias with respect to the subject matter of this appraisal report, or the parties involved in this assignment. My engagement in this assignment and the amount of compensation are not contingent upon the reporting or development of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a predetermined or stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. Also, to the best of my knowledge and belief the statements of fact contained in this appraisal report, upon which the analyses, opinions, and conclusions expressed herein are based, are true and correct. This appraisal report sets forth all of the assumptions and limiting conditions (imposed by the terms of this assignment or by the undersigned), affecting my personal, impartial, and unbiased professional analyses, opinions, and conclusions. The reported analyses, opinions, and conclusions, were developed, and this report has been prepared, in conformity with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institutes, and the Uniform Standards of Professional Appraisal Practice. As of the date of this report I have completed the continuing education program for Designated Member of the Appraisal Institute, the State of California and the American Society of Appraisers; note that duly authorized representatives of said organizations have the right to review this report. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. No one other than the undersigned prepared the analyses, conclusions, and opinions for this appraisal study. No other person provided significant professional assistance. I have not appraised or provided any other services pertaining to the subject property in the last three years. John P. L n, MAI, ASA Certified General Real Estate Appraiser California Certification No. AG 025754 Renewal Date: April 16, 2021 R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-3 3-86 SCOPE OF THE APPRAISAL The appraiser, in connection with the following appraisal study, has: 1. Been retained, and has accepted the assignment, to make an objective analysis and valuation study, in order to determine the fair market rental rate applicable to the subject property. The subject property is particularly described in the following portion of this report in the section entitled Subject Property Description. 2. Toured the general area by automobile to become acquainted with the extent, condition, and quality of nearby developments, sales and offerings in the area, density and type of development, topographical features, economic conditions, trends toward change, etc. 3. Walked within the subject area, and some of the nearby neighborhood, to become acquainted with the current particular attributes, or shortcomings, of the subject property. 4. Completed an on -site inspection of the subject property for the purpose of becoming familiar with certain physical charac- teristics. 5. Made a visual observation concerning public streets, access, drainage, and topography of the subject property. 6.Obtained information regarding public utilities and sanitary sewer available at the subject site. 7. Made, or obtained from other qualified sources, calculations on the area of land contained within the subject property. Has made, or caused to be made, plats and plot plan drawings of the subject property, and has checked such plats and plot plan drawings for accuracy and fair representation. 8. Taken photographs of the subject property, together with photographs of the immediate environs. 9. Made, or caused to be made, a search of public records for factual information regarding recent sales of the subject property. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-4 3-87 SCOPE OF THE APPRAISAL (Continued) 10. Reviewed current maps, zoning ordinances, and other material for additional background information pertaining to the subject property, and sale properties. 11. Attempted to visualize the subject property as it would be viewed by a willing and informed buyer, as well as a willing and informed seller. 12. Interviewed various persons, in both public and private life, for factual and inferential information helpful in this appraisal study. 13. Formed an opinion of the highest and best use applicable to the subject property appraised herein. 14. Made, or caused to be made, a search for recent sales of comparable properties. Has viewed, confirmed the sale price, and obtained certain other information pertaining to each sale property contained in this report. 15. Formed an estimate of the market rental rate applicable to the subject property, as of the date of value expressed herein, by application of the Sales Comparison Approach, Cost Approach, and by employing an appropriate rate of return to the indicated market value. 16. Prepared and delivered this appraisal report in accordance with the Uniform Standards of Professional Appraisal Practice, and in summation of all the activities outlined above. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-5 3-88 ASSUMPTIONS AND LIMITING CONDITIONS This appraisal is made with the following understanding as set forth in items No. 1 through 17, inclusive: 1. That this narrative Appraisal Report is intended to comply with reporting requirements set forth in the Uniform Standards of Professional Appraisal Practice, under Standard Rule 2-2(a), for an Appraisal Report. The information contained in this appraisal report is specific to the needs of the client; no responsibility is assumed for the unauthorized use of this report. 2. That title to the subject property is assumed to be good and merchantable. Liens and encumbrances, if any, have not been deducted from the final estimate of value. The subject property has been appraised as though under responsible ownership. The legal description is assumed accurate. 3. That the appraiser assumes there are no hidden or unapparent conditions of the subject property, subsoil, structures, or other improvements, if any, which would render them more or less valuable, unless otherwise stated. Further, the appraiser assumes no responsibility for such conditions or for the engineering which might be required to discover such conditions. That mechanical and electrical systems and equipment, if any, except as otherwise may be noted in this report, are assumed to be in good working order. The property appraised is assumed to meet all governmental codes, requirements, and restrictions, unless otherwise stated. 4. That no soils report of the subject property was provided to the appraiser; therefore information, if any, provided by other qualified sources pertaining to these matters is believed accurate, but no liability is assumed for such matters. Further, information, estimates and opinions furnished by others and contained in this report pertaining to the subject property and market data were obtained from sources considered reliable and are believed to be true and correct. No responsibility, however, for the accuracy of such items can be assumed by the appraiser. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-6 3-89 ASSUMPTIONS AND LIMITING CONDITIONS (Continued) 5. That unless otherwise stated herein, it is assumed there are no encroachments, easements, soil toxics/contaminants, or other physical conditions adversely affecting the value of the subject property. 6. That no report(s) pertaining to mold, organic toxins, or chemical substances at the subject property was provided to the appraiser; therefore, information, if any, provided by other qualified sources pertaining to these matters is believed accurate, but no liability is assumed by the appraiser for such matters. That unless otherwise stated herein, the subject property has been appraised assuming the absence of mold, organic toxins, the presence of asbestos, or other organic and/or chemical substances which may adversely affect the value of the subject property. 7. That no opinion is expressed regarding matters which are legal in nature or which require specialized investigation or knowledge ordinarily not employed by real estate appraisers, even though such matters may be mentioned in the report. 8. That no oil rights have been included in the opinion of value expressed herein. Further, that oil rights, if existing, are assumed to be at least 500 feet below the surface of the land, without the right of surface entry. 9. That the distribution of the total valuation in this report between land and improvements, if any, applies only under the existing program of utilization. The separate valuations for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. 10. That the valuation of the property appraised is based upon economic and financing conditions prevailing as of the date of value set forth herein. Further, the valuation assumes good, competent, and aggressive management of the subject property. 11. That the appraiser has conducted a visual inspection of the subject property and the market data properties. Should subsequent information be provided relative to changes or differences in (1) the quality of title, (2) physical condition or characteristics of the property, and/or (3) governmental R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-7 3-90 ASSUMPTIONS AND LIMITING CONDITIONS (Continued) restrictions and regulations, which would increase or decrease the value of the subject property, the appraiser reserves the right to amend the final estimate of value. 12. That the appraiser, by reason of this appraisal, is not required to give testimony in court or at any governmental or quasi - governmental hearing with reference to the property appraised, unless contractual arrangements have been previ- ously made therefor. 13. That drawings, plats, maps, and other exhibits contained in this report are for illustration purposes only and are not necessarily prepared to standard engineering or architectural scale. 14. That this report is effective only when considered in its entire form, as delivered to the client. No portion of this report will be considered binding if taken out of context. 15. That possession of this report, or a copy thereof, does not carry with it the right of publication, nor shall the contents of this report be copied or conveyed to the public through advertising, public relations, sales, news, or other media, without the written consent and approval of the appraiser, particularly with regard to the valuation of the property appraised and the identity of the appraiser, or the firm with which he is connected, or any reference to the Appraisal Institute, or the American Society of Appraisers, or designations conferred by said organizations. 16. That the form, format, and phraseology utilized in this report, except the Certification, and Terms and Definitions, shall not be provided to, copied, or used by, any other real estate appraiser, real estate economist, real estate broker, real estate salesperson, property manager, valuation consultant, invest- ment counselor, or others, without the written consent and approval of Ronald P. Laurain. 17. That this appraisal study is considered completely confidential and will not be disclosed or discussed, in whole or in part, with anyone other than the client, or persons designated by the client. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS lid 3-91 TERMS AND DEFINITIONS Certain technical terms have been used in the following report which are defined, herein, for the benefit of those who may not be fully familiar with said terms. MARKET VALUE (or Fair Market Value): Market value is sometimes referred to as Fair Market Value; the latter is a legal term, and a common synonym of Market Value. Market value as defined in Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) is defined as follows: "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowl- edgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised, and acting in what they consider their own best interests; 3. A reasonable time is allowed for exposure in the open market; 4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and 5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale." RENTAL VALUE: The definition of rental value is based generally on the concept of market value, i.e. willing and informed parties, neither party being under duress or compulsion to act, etc. The definition of rental value is as follows: "A fair, proper and reasonable rental which would result from informed, intelligent, and prudent negotiations in the usual course of business; the rental which could be expected if the property were available, under competitive market conditions, as of a certain date." R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 1-9 3-92 TERMS AND DEFINITIONS (Continued) SALES COMPARISON APPROACH: One of the three accepted methods of estimating Market Value. This approach consists of the investigation of recent sales of similar properties to determine the price at which said properties sold. The information so gathered is judged and considered by the appraiser as to its comparability to the subject properties. COST -SUMMATION APPROACH: Another accepted method of estimating Market Value. This approach consists of estimating the new construction cost of the building and yard improvements and making allowances for appropriate amount of depreciation. The depreciated reconstruction value of the improvements is then added to the Land Value estimate gained from the Sales Comparison Approach. The sum of these two figures is the value indicated by the Cost -Summation Approach. INCOME CAPITALIZATION APPROACH: The Income Capitalization Approach consists of capitalizing the net income of the property under study. The capitalization method studies the income stream, allows for (1) vacancy and credit loss, (2) fixed expenses, (3) operating expenses, and (4) reserves for replacement, and estimates the amount of money which would be paid by a prudent investor to obtain the net income. The capitalization rate is usually commensurate with the risk, and is adjusted for future depreciation or appreciation in value. DEPRECIATION: Used in this appraisal to indicate a lessening in value from any one or more of several causes. Depreciation is not based on age alone, but can result from a combination of age, condition or repair, functional utility, neighborhood influ- ences, or any of several outside economic causes. Depreciation applies only to improvements. The amount of depreciation is a matter for the judgment of the appraiser. HIGHEST AND BEST USE: Used in this appraisal to describe that private use which will (1) yield the greatest net return on the investment, (2) be permitted or have the reasonable probability of being permitted under applicable laws and ordinances, and (3) be appropriate and feasible under a reasonable planning, zoning, and land use concept. R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS 1-10 3-93 SUBJECT PROPERTY DESCRIPTION 3-94 SUBJECT PROPERTY View looking northwesterly at the subject property from Vista Del Oro. See aerial photograph on the following page, and additional photographs in the Addenda Section. LESSOR: City of Newport Beach LESSEE: Newport Beach Boys and Girls Club PROPERTY ADDRESS: 2555 Vista Del Oro Newport Beach, California 92660 LEGAL DESCRIPTION: Portion of Lot 223, Block 52, Irvine Subdivision, per Miscellaneous Maps recorded in Book 1, Page 88, in the office of the County Recorder, County of Orange, California. A complete metes and bounds legal description was not provided for review. Refer to the aerial map exhibit on the following page. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 2-1 3-95 "h a TTPa r g and, NIM% I S Disclaimer: N E W P O R T B E A C H10 Every reasonable effort has been made to assure the accuracy of the data provided, however, The City of �yE,wPp� Newport Beach and its employees and agents o� 0 40 80 disclaim any and all responsibility from or relating to any results obtained in its use. v s cgc�coa�'r Feet 12/19/2018 3-96 Portion of APN 440-161-01 TH15 MAP WA5 PREPARED FOR ORANGE COUNTY ASSESSOR DFPT. PURPOSES ONLY. THE ASSES- SOR MAKES NO GUARANTEE AS TO ITS ACCURACY NOR ASSUMES ANY LIARLITY FOR OTHER USES. NOT TO OE REPRODUCED. ALL RIGlRS RESERVED. "COPYRIGHT ORANGE COUNTY ASSESSOR 2� BC�SA E� yjSTN O a0 0 s IRVINE $ OI SrREEr "A" Fo° TRACTS A�s'R AC. N, r Lorsa a j 4 /s ,�L n EASMUFF PARK R.4 A'e-/.Y l 1 ) �. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 2-2 ! "=200 ` N u° PMSB-9 � P. M 58-21 N 0 8 O V/STA DEL SOL I 3-97 SITE DESCRIPTION COMMENT: The subject lease site is part of a larger public park (Eastbluff Park) which larger public park is identified as APN 440-161-01, containing 13.87f acres of land area, per Assessor's Mapping. The subject lease site, however, contains 41,500f total square feet, per the City of Newport Beach. It should also be noted that approximately 2,560 square feet of land area is in turn leased from the Newport Mesa Unified School District (NMUSD). LOCATION: The subject property is located on westerly side of Vista Del Oro, near the terminus intersection of Vista Del Sol, in the City of Newport Beach. LAND SHAPE: Irregular land configuration. LAND AREA: The subject lease site appraised herein contains 41,500 square feet of land area, per the City of Newport Beach. As stated, approximately 2,560 square feet of land area is vested with the Newport Mesa Unified School District (NMUSD), representing a portion of APN 440-221-02. TOPOGRAPHY: Effectively level and generally at street grade. SOIL STABILITY: Appears to be adequate based on develop- ments in the immediate area. A soils report, however, was not provided for review. SOIL CONTAMINATION: DRAINAGE: None known or observed, however, an environ- mental assessment report was not provided for review. The subject site has been appraised as though free of soil contaminants requiring remediation. Appears to be adequate. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-3 3-98 SITE DESCRIPTION (Continued) EARTHQUAKE FAULT: The subject site does not appear to be located within an earthquake fault, however, the greater Southern California area is prone to earthquakes. Inasmuch as no seismic or geological studies were provided for review, the appraisers assume no responsibility for the possible impact that seismic activity or earthquakes may have on the subject site. FRONTAGE/ACCESS: The subject property has frontage on, and vehicular access from, Vista Del Oro. RIGHT OF WAY WIDTH: Vista Del Oro: 60 feet STREET IMPROVEMENTS: Asphalt paved traffic lanes. Concrete curb, gutter and sidewalk (each side of street). STREET LIGHTS: Mounted on ornamental standards. PUBLIC UTILITIES: Water, gas, electric power, telephone service, and sanitary sewer are available to the site. ENCROACHMENTS: None apparent, however, a survey of the subject property was not provided for review. EASEMENTS: A preliminary title report was not provided for review. Easements, if existing, are assumed to be located along the property boundaries, not interfering with the existing or future highest and best use development of the subject property. It is assumed that there are no NNcross-lot" or "blanket" easements located over the subject site. ILLEGAL USES: PRESENT USE: None observed. Community recreation building (Newport Beach Boys and Girls Club). R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-4 3-99 SITE DESCRIPTION (Continued) ZONING: The subject property is located in the PR (Parks and Recreation) zone district of the City of Newport Beach. The PR zone district is intended to provide for land areas utilized for public and private recreational uses, such as public parks, aquatic facilities, golf courses, marina support facilities, private recreational facilities such as tennis clubs, and similar recreational facilities. As such, residential development of the subject site would not be permitted under the current zoning. Note that all uses in the PR zone district require a Conditional Use Permit (CUP) or a Minor Use Permit (MUP) with the exception of minor utilities, which are permitted by right. The development standards are established during review of the required permit. HIGHEST AND BEST USE: The reader is referred to the first portion of the Valuation Analysis Section for a discussion regarding the highest and best use of the subject property. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-5 3-100 BUILDING IMPROVEMENTS BUILDING LAYOUT: The subject building represents a community recreation building consisting of a gymnasium and various classrooms, small office rooms, an open reception/game room, restrooms, and a former kitchen area (utilized for storage purposes). Refer to the building drawing and evacuation floor plan drawing on the following pages. TYPE OF STRUCTURE: Single tenant community recreation building. YEAR BUILT: Originally constructed circa 1975; remodeled in 2008. NO. OF STORIES: One story. BUILDING SIZE: Per the on -site inspection, the subject building contains 12,393 total square feet, as follows: Classrooms/offices: 6,161 sq. ft. Gymnasium: 6,232 sq. ft. Total: 12,393 sq. ft. CONSTRUCTION QUALITY: Average quality Class D (wood frame) construction. FOUNDATION: Perimeter concrete foundation. EXTERIOR WALLS: Painted stucco over wood framing. ROOF: Rolled asphalt roofing, tarred at joints. Mission tile mansards. FLOORS: Concrete slab floor with sheet vinyl and vinyl tile flooring in classroom, game room, and office area; assumed to be ceramic tile in restrooms R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-6 3-101 BUILDING IMPROVEMENTS (Continued) Subject Community Recreation Building t7E S' m m R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 2-7 3-102 e. noYs � �n�rs cr,,v� OF CENTRAL ORANGE COAST cadtra Has& I trvAM I Miprpm SO M.I OnWW i SaMa Am Parking Lot Girls Bathroom ' Closet a Boys Bathroom Janitor's Closet Primary Room Newport Beach Emergency Evacuation Plan Kitchen Athletic Office Games Room Office Games Room Gym Classroom lassraom I Classroom W T a 3-103 BUILDING IMPROVEMENTS (Continued) INTERIOR WALLS: Painted drywall interior walls in classroom and office areas. CEILINGS: Painted drywall and sprayed acoustic ceilings in classroom and office areas. DOORS: Plate glass set in anodized and metal sheathed entry doors; double flush solid core and natural wood solid core interior doors. WINDOWS: Plate glass set in anodized frame and aluminum frame sliding windows; certain classrooms have interior partition wall windows set in wood frames. ELECTRICAL: Conventional electrical system; incandescent and fluorescent lighting. HEATING AND COOLING: Per information provided by employees, the easterly (front) "Primary Room" is the only room with an operating forced air heating and cooling system. It is assumed the roof - mounted central forced air heating and cooling units for the remainder of building require replacement. PLUMBING: Conventional plumbing system. There are two restroom facilities having a total of 9 fixtures. There is also a sink in the kitchen area, however, the kitchen area is in fair condition and appears to be utilized for storage purposes. Fire sprinkler system throughout GYMNASIUM: As stated, the gymnasium contains 6,232 square feet and includes wood flooring, open wood beam ceiling with skylights, wood panel and drywall walls, with some damage to certain drywall, basketball hoops, bleachers, and an electronic scoreboard. CONDITION: The subject building is in overall below average condition, considering the age. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-8 3-104 OTHER IMPROVEMENTS ON -SITE PARKING: The subject property includes an asphalt paved parking lot containing five standard parking spaces, one handicap space, and approx- imately 5,500 square feet of paved area, inclusive of driveways and the drive aisle. OTHER: Other on -site improvements include: Concrete walkways: 4,950f sq.ft. Outdoor basketball court: 5,760± sq.ft. Concrete block trash enclosure: 20f In.ft. Concrete curbing: 375f In.ft. In addition, there is certain irrigated grass, shrubbery, and tree landscaping. FURNITURE, FIXTURES, AND EQUIPMENT COMMENT: Furniture, fixture, and equipment (FF&E) items specific to the existing Boys & Girls Club facility have been excluded from the appraisal study (furniture, play equipment, pool tables, ping pong tables, supplies, etc.). OWNERSHIP HISTORY COMMENT: The subject property has been vested with the City of Newport Beach for more than 20 years. ASSESSMENT DATA COMMENT: The subject property represents a portion of APN 440-161-01. The assessed land value is $1,645,016; the assessed improvement value is $514,390. The property is tax exempt as vested with a public agency. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2-9 3-105 11i;10/_10ki97_`r_1 COMMENT: It is understood the subject lease site appraised herein is currently leased to the Newport Beach Boys and Girls Club for $1 per year. APPRAISAL INSPECTION COMMENT: The appraisal inspection was conducted on March 21, 2019, with the permission of the tenant. NEIGHBORHOOD ENVIRONMENT LOCATION: The subject property is located in the northwest portion of the City of Newport Beach; the City of Costa Mesa boundary is located westerly of the subject neighborhood and the City of Irvine boundary is located north and northeasterly of the subject neighborhood. The City of Newport Beach was incorporated in 1906 and includes 16,654 acres of land area, 14,894 acres of ocean water area, 800 acres of Bay water area, and 800 acres of Harbor water area. LAND USES: The predominant uses in the City of Newport Beach are single family and multiple family residential developments, which account for approximately 50% of the total land area, followed by open space and recreational uses which account for 36±% of the total land area. Commercial, institutional, and industrial uses generally account for remaining land area. There are also a number of hotel developments within the City. The John Wayne Airport is located adjacent to the extreme northerly portion of the City boundary. The University of California Irvine campus is located within two miles easterly of the subject property. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2- 10 3-106 NEIGHBORHOOD ENVIRONMENT (Continued) LAND USES: (Continued) Commercial office, retail, and restaurant uses are located on primary street. Fashion Island, a major retail center, is located within 1 1/2 miles south of the subject property. Upper Newport Bay and an ecological preserve are located immediately westerly of the subject neighborhood. The Big Canyon Country Club and golf course is located within one mile southeasterly of the subject neighborhood. ACCESS: Primary thoroughfares in the general subject neighborhood include Coast Highway, Jamboree Road, MacArthur Boulevard. The San Joaquin Hills Transportation Corridor (73) Freeway, a toll road, is located at the northerly boundary of the City. The Costa Mesa (55) Freeway is located approximately 1/2 mile northwesterly of the westerly City Boundary, and terminates on Newport Boulevard. The San Diego (405) Freeway is located approximately one mile north of the extreme northerly portion of the City. Said freeways are part of the freeway network serving the Southern California region. OCCUPANCY: Residential: 75f% owners 25f% tenants Commercial: 25f owners 75f tenants PRICE RANGE: Older single family and low density multiple family residential properties, generally range in value from $1,000,000 to exceeding $5,000,000 for properties having close proximity to the beach or bay. Residential properties at the lower end of the range generally represent older dwellings that are acquired based on the underlying land value. Single family and multiple family properties having frontage on the beach or bay, can range in value from $3,000,000 to exceeding $20,000,000. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2- 11 3-107 NEIGHBORHOOD ENVIRONMENT (Continued) TREND: Real estate values, in general, were declining between 1991 and 1995. The value trend, however, generally stabilized during 1996 and 1997. Beginning in 1998, there was evidence of increased real estate market activity. There was an upward value trend affecting residential properties within the immediate and general subject market area, from 2003 through the mid portion of 2006, after which property values generally stabilized. In the early part of 2007, residential property values began to decrease significantly, and the decrease continued through the mid to latter portion of 2009, due primarily to the subprime credit and housing crisis. The residential real estate market generally stabilized in the latter portion of 2009. Begin- ning in 2010, certain markets began to experience varying monthly increases and decreases in sales volumes and pricing, due primarily to abnormally low interest rates and first time home buyer's tax credits. Overall, property values remained relatively stable from the first portion of 2010 through the latter portion of 2012, after which property values and sales activity began to experience increases through the mid to latter portion of 2018. It appears the property values have begun to stabilize in recent months. AGE RANGE: The age range of all types of improved prop- erties is rather broad. Generally, the age range for single family residences is effectively new to 30 years. Certain commercial and mixed use properties were constructed as far back as the early 1900s, however, commercial and mixed use properties typically undergo significant renovation in the immediate subject area (as opposed to demolition and clearing for new development). As such, the effective age of commercial and mixed use properties ranges widely from 5 years to exceeding 50 years. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2- 12 3-108 NEIGHBORHOOD ENVIRONMENT (Continued) PROPERTY MAINTENANCE: Property maintenance in the immediate and general neighborhood, evidenced by an on- going maintenance program, ranges from above average to very good. PUBLIC/PRIVATE FACILITIES: The availability and adequacy of public facilities, transportation, schools, commercial facilities, recreational opportunities, and resi- dential housing are rated average. The City of Newport Beach provides police and fire protection. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 2-13 3-109 VALUATION ANALYSIS 3-110 VALUATION ANALYSIS The purpose of this appraisal is to estimate the fair market rental rate applicable to the subject property, based on the existing special purpose use (Boys and Girls Club) and taking into consideration the location of the site within a larger public park (Eastbluff Park). Prior to the application of the appraisal process, it is necessary to determine the highest and best use of the subject property. HIGHEST AND BEST USE ANALYSIS; The 14th Edition of The Appraisal of Real Estate, by the Appraisal Institute, defines highest and best use on Page 332, as follows: "The reasonably probable use of property that results in the highest value." In the analysis of which uses are reasonably probable, three criteria are applied in the following order to develop adequate support for the determination of highest and best use: 1. Physically possible 2. Legally permissible 3. Financially feasible These criteria are generally considered sequentially; however, the tests of phys- ical possibility and legal permissibility can be applied in either order, but they must both be applied before the test of financial feasibility. Uses that meet all three criteria of being reasonably probable are then tested for economic pro- ductivity, to identify the maximally productive use. The reasonably probable use with the highest value (i.e. maximally productive) is the highest and best use. In the process of forming an opinion of highest and best use, consideration must be given to various factors such as zoning restrictions, probability of zone change, private deed restrictions, location, land size and configuration, topogra- phy, and the character/quality of land uses in the subject market area. Conclusion; The subject lease site is part of a larger public park (Eastbluff Park), which public park is identified as APN 440-161-01, containing 13.87f acres of land area, per Assessor's Mapping. The subject lease site, however, contains 41,500 total square feet, per the City of Newport Beach. It should also be noted that approximately 2,560 square feet of land area is vested with the Newport Mesa Unified School District (NMUSD). _ R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS 3-1 3-111 VALUATION ANALYSIS (Continued) HIGHEST AND BEST USE ANALYSIS; (Continued) Both the subject lease site, as well as the greater Eastbluff Park site, have irregular land configurations, and an effective inside location on a secondary street. The topography at the subject site is effectively level. All public utilities including water, gas, electric power, telephone, and sanitary sewer are available in the immediate area. The physical characteristics of the subject parcel are considered adequate to accommodate legally permissible uses. Land uses in the immediate area include low and medium density residential uses on secondary streets. Commercial uses are located on primary streets; however, the subject site is located in a residential neighborhood and commercial or industrial uses are not considered reasonably probable. Further, the subject property is located in the PR (Parks and Recreation) zone district of the City of Newport Beach. The PR zone district is intended to provide for land areas utilized for public and private recreational uses, such as public parks, aquatic facilities, golf courses, marina support facilities, private recreational facilities such as tennis clubs, and similar recreational facilities. As such, residential development of the subject site would not be permitted under the current zoning. While the purpose of the appraisal study is to estimate the fair market rent of the subject Boys & Girls club facility (land and improvements), it is also noted that the highest and best use of the subject site, as presently zoned, is limited to an open space (public park) or similar recreational use. As such, the existing Boys & Girls Club building, and related site improvements, are considered the highest and best use under the current zoning. The subject lease site has been appraised accordingly. VALUATION METHODS; There are three conventional methods (approaches) which can be used to estimate value. They are the Sales Comparison Approach, Cost Approach, and Income Capitalization Approach. The reader is referred to the last portion of the Preface Section, following the heading "Terms and Definitions," for a description of each approach to value. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-2 3-112 VALUATION ANALYSIS (Continued) VALUATION METHODS: (Continued) Inasmuch as the subject property is located within the Parks and Recreation zone district, and is developed with a non-profit use (Boys and Girls Club), the subject lease site is considered a special use property. Special-purpose properties are unique with respect to design, construction, and/or utility; they generally fall within one of two categories, i.e. those capable of producing income and having an economic value (until such time as the improvements become functionally obsolete), and those which are private service, public service, or community amenity properties. Those having economic value (capable of generating net income to support the value of the land and improvements) include special processing and manufacturing plants, airports, marinas, athletic stadiums, amusement and theme parks, convention facilities, etc.; those without economic production capabilities include houses of worship, service club facilities, nonprofit community facilities, public schools, public parks, and public buildings, e.g. library, city hall, fire station, community center, police station, public health service building, court building, etc. Special-purpose properties are limited -market properties; they rarely, if ever, sell. Likewise, there is a lack of rental data in which to derive market rental rates for special purpose properties. The conventional and long-standing method of appraising special-purpose private and public properties has been employed in the subject case. The method includes, as indicated above, (1) the valuation of the land based on the limited effective open space and/or recreational use, plus (2) the addition of the depreciated value of the improvements. Said method describes the characteristics of the Cost Approach, one of the three conventional valuation methods. The value of the subject land, one of the components of the Cost - Summation Approach, is based on the fair market value concept by the application of the Sales Comparison Approach; the depreciated value of the improvements is based on the cost new, less depreciation from all causes (age, condition, functional inutility, etc.). Lastly, in the subject case the purpose of the appraisal study is to set forth the market rental rate applicable to (1) the subject lease site as a whole, plus (2) that portion of the lease site vested with the Newport Mesa Unified School District (NMUSD). As such, and given that there is a lack of direct rental data pertaining to the subject site, the market rent estimated is based a market rate of return applied to the indicated market value of the underlying land and improvements (as derived via the Sales Comparison and Cost Approaches). R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS 3-3 3-113 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH; In the Sales Comparison Approach, the value of a property is estimated by comparing it with similar, recently sold properties in the surrounding area. Inherent in this approach is the principle of substitution, which holds that when a property is replaceable in the market, its value tends to be set by the cost of acquiring an equally desirable substitute property, assuming that no costly delay is encountered in making the substitution. Thus, the Sales Comparison Approach attempts to equate the subject property with sales of comparable properties by analyzing and weighing the various elements of comparability. The Sales Comparison Approach has been applied to the subject property after an investigation was conducted of comparable vacant land parcels which sold in the subject market area. The reader is referred to the summary of Recreational and Open Space Land Value Indicators on the following page. Due to the limited sales data, and infrequency of recreational and open space land sales, both the chronological time frame and the geographic search area were expanded, in order to obtain a representative number of comparable sale properties. A detailed discussion of each land sale utilized herein is contained in the latter portion of this section, as part of the overall analysis. The properties surveyed consist of vacant land parcels ranging in size from 1.20 to 688.00 acres. The purchase prices per square foot of land area range from $0.39 to $6.43. The sales are set forth in chronological order and took place between October 2011 and October 2018. Data 1, 3 and 4 represent recreation use sites, however Data 3 sold as improved with a golf course. Data 5 represents a limited entertainment use site. Data 2,6 and 7 represent open space sites. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-4 3-114 Recreational and Open Space Land Value Indicators : Data Date Zoning Land Size Use 1 10-11 Rec 4,334,656 sf 99.51 ac. campground 23100-23800 East Fork Rd., Azusa 2 8-14 OS 25,700 sf 0.59 ac. Open Space 39f La Paz Rd., adjacent to railroad, Mission Viejo K, El C Sale Price $ Per SF $5,250,000 $1.21 $10,000 $0.39 11-14 OSPR 2,070,407 sf 47.53 ac. Golf course $8,400,000 $4.06 16782 Graham St., Huntington Beach with 11,149 sf clubhouse 1-15 OCGP, P 29,969,280 sf 688.00 ac. recreation/ Portion of Orange County Great Park, Irvine parkland 5-16 ECSP 380,850 sf 8.74 ac. Butterfly 7711-33 Beach Blvd., Buena Park Paladium $19,171,000 $0.64 $2,450,000 $6.43 8-16 OS 52,272 sf 1.20 ac. Open Space 100f Pacific Coast Hwy., Dana Point 10-18 GOS 74,052 sf 1.70 ac. Open Space SEC Camino Las Ramblas and Via California, San Juan Capistrano $30,000 $0.57 $70,000 $0.95 3-115 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The first adjustments applied to the sale properties, when warranted, are known as transactional adjustments. Said transactional adjustments are generally applied to the sale properties in the sequence listed below, and are made cumu- latively (i.e. the base changes before applying the next adjustment). Following is the list of transactional adjustments: • Property rights conveyed • Financing (cash equivalency) • Conditions of sale • Expenditures after sale • Market conditions Property Rights Conveyed: An adjustment is required when a sale transaction conveyed a different set of property rights, compared to the property rights being appraised, such as leased fee estate vs. fee simple estate. None of the comparable land sales utilized herein required an adjustment for property rights conveyed, as all of the land sale properties conveyed title to the fee simple interest in each property. Financing and Cash Equivalency: Sale properties are adjusted for financing arrangements involved in transactions which are not market -typical. A cash equivalency adjustment is required when the financing of a particular property caused a higher purchase price. Common examples include seller financing, or assumption of existing financing, at non - market terms. Inasmuch as all of the sales involved all cash transactions, a cash equivalency adjustment is not warranted for any of the sale transactions. Conditions of Sale: An adjustment for conditions of sale is required when a property sold under atypical conditions, such as (1) a seller being under duress (REO transactions or other distressed sales), (2) a property selling as part of a bulk portfolio sale, (3) a developer paying a premium to acquire an adjacent property as part of assembling a larger development site, or (4) other similar situations where the motivation of a buyer or seller affects the price paid for a property. None of the sale properties required an adjustment for conditions of sale. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-6 3-116 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Expenditures after Sale: An adjustment is required when a buyer anticipates a particular expenditure that he/she will have to expend shortly after purchasing a property; the price paid by a knowledgeable buyer considers any required expenditures. Such expenditures can include (1) the cost to remediate known environmental conta- mination, (2) the cost to cure deferred maintenance at a building, or (3) similar costs that a buyer anticipates making upon purchase of a property, such as demolition costs when an improved site is purchased for redevelopment. While demolition costs can be accounted for as expenditures after sale, in the subject case, building improvements at the various sales, if any, were accounted for on a qualitative basis, in the "elements of comparability" portion of this report. As such, none of the land sales required an adjustment for expenditures after sale. Market Conditions: Consideration of the market conditions (date of sale) is appropriate when sales occur during a rising or declining market. Said consideration is based upon observation of the real estate market and value appreciation/declining cycles dating back more than 15 years. Residential real estate values in the subject market area were largely flat (level) from the latter portion of 2009 through the mid to latter portion of 2013, after which residential real estate values began increasing. Said price increase has generally continued through the mid to latter portion of 2018, due in part to the continued availability of low mortgage interest rates. Certain residential markets, however, appear to have stabilized from the first portion of 2019, through the present time. The following graph, which was obtained from truila.com, sets forth the median sale price of single family homes and condominiums in the City of Newport Beach, over the past five years. As noted, there can be fluctuations in the median price due, in part, to the large fluctuation in home values in differing portions of Newport Beach. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-7 3-117 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Median Bales Price in Newport Beach ❑ 1 Br ❑ 2 Bf ❑ 3 Br 114 Br 0 All properties Median Sales Price 32 M S1.9M S1.8M S1.TM $1.frM S 1.5M S1.4M S1.3M f r r f 4G o9 4 m O C} 2 Z Z Z Z All pfoperties Note that recreational land, along with other nonutilitarian or limited -utility land (i.e. open space, agricultural land, etc.), does not appreciate in value as quickly as conventional -use properties offering increased economic benefits (i.e. land zoned for residential, commercial, or industrial use). The market conditions adjustments utilized herein are based on (1) discussions with various market participants (brokers, property managers, etc.), (2) observations of local real estate market trends (sales activity, development activity, etc.) and (3) a review of sale prices and current asking prices at comparable vacant land parcels in the immediate and general subject market area. While there has been an upward trend in single family residential values over the last few years as stated the open space, agricultural, recreational, and related markets for limited utility property do not typically experience the same extent of price appreciation, due primarily to the more speculative nature of open space land sale acquisitions. Based on the foregoing, adjustments are applied to the various sale properties based on an annual appreciation rate of 3.0% per year (0.25% per month) for those years seeing more substantial residential price appreciation, and 0% (level) per year for those years seeing more moderate residential price appreciation, as follows: R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS lid 3-118 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The adjustments applied to the sale properties for market conditions are based on the following schedule: January -December 2012: January -December 2013: January -December 2014: January -December 2015: January -December 2016: January -December 2017: January -December 2018: January -March 2019: Elements of Comparability: 0.0% per year or 0.00% per month 0.0% per year or + 0.00% per month + 3.0% per year or + 0.25% per month + 3.0% per year or + 0.25% per month + 3.0% per year or + 0.25% per month + 3.0% per year or + 0.25% per month 0.0% per year or 0.00% per month 0.0% per year or 0.00% per month After considering the transactional adjustments, the appraiser analyzed the fol- lowing elements of comparability at the sales, as compared to the subject site: General location Access Land size Best use/zoning Land Sales Comparison Analysis: Land configuration/utility Topography Improvements Plans/entitlements The comparability adjustments applied to the sale properties are judgment estimates which are intended to equate the subject land parcel with the respective land sale properties. Adjustments for the various elements of comparability were applied on a qualitative basis due to the lack of direct market evidence regarding quantitative adjustments in the subject market. The reader is referred to the Land Sales Comparison Grid on the following page. As can be noted, Data 1 through 6 required adjustments for market conditions, ranging from 4.0% to 12.0%. None of the sales required adjustments for property rights, financing, conditions of sale, or expenditures after sale. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-9 3-119 W 3-120 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Lastly, note that while subject lease site contains 41,500 square feet of land area, or 0.953f acres, the larger park parcel contains 13.87f acres. Larger parcels, whether vacant or improved, typically sell at overall lower rates per square foot of land area. As such, Data 1, containing 99.51 acres, and Data 4, containing 688 acres, are deemed inferior and far inferior regarding land size. Following are comments and aerial photographs regarding the various sale properties. Data 1 — Follows Campground ` E11111 N !� Data 1 represents the sale of Follows Camp, a former RV campground that suffered significant flood damage, was effectively vacant at the time of sale, and was declared a public nuisance. The property is zoned for Recreational and Resort use, though portions of the site are within the A-1 (agricultural) and W (watershed) zone districts. The site has an extremely large land area of just under 100 acres, is located in unincorporated Los Angeles County, in the Angeles National Forest (Azusa mailing address) and was purchased by the City of Industry for undisclosed purposes. The site is not currently being utilized, and is being considered for potential disposition by the City. The site has limited economic potential via potential camping fees, however, it would require significant rehabilitation, per published records. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-11 3-121 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The purchase price was $5,250,000, all cash, which equates to $1.21 per square foot of land area. The market conditions adjusted purchase price is $1.36 per square foot of land area. The deed recorded October 24, 2011, as Document No. 139268. Data 1 is considered inferior to the subject property, due primarily to the land size, rural location, irregular and non-contiguous land area, and overall condition. Data 2 — Open Space site, Mission Viejo The sale property is a remnant open space land parcel, and represents a strip of land located between a railroad right of way and public park. The site is below the grade (bridge) of adjacent La Paz Road; there is no physical vehicular access to the site. The property is zoned OS (Open Space) consistent with the zoning of the adjacent park. The site was acquired on a speculative basis. The purchase price was $10,000, all cash, which equates to $0.39 per square foot of land area. The market conditions adjusted purchase price is $0.43 per square foot of land area. The deed recorded August 4, 2014, as Document No. 310724. Data 2 is considered far inferior to the subject property, due primarily to the far inferior access, and configuration, as well as the inferior best use/zoning. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-12 3-122 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Data 3 — Golf Course Data 3 represents the sale of the Meadowlark Golf Course facility in Huntington Beach. The facility is relatively small for a golf course, containing only 47.530 acres of land area. The site is zoned OSPR (Open Space Parks and Recreation) and is improved with an 18-hole golf course, club house building containing 11,149 square feet, constructed in 1980f, and related on -site improvements. The purchase price equates to $4.06 per square foot of land area, as improved with the existing golf course facility, implying the underlying recreation land area, as vacant, would be significantly less than $4.06 per square foot. It is noted that the subject PR (Parks and Recreation) zone district does allow golf course facilities, however, the subject site is considered to be too small in land size to support a golf course. Regardless, Data 3 does have a similar zone, and is in a similar inland area. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-13 3-123 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The purchase price was $8,400,000, all cash, which equates to $4.06 per square foot of land area. The market conditions adjusted purchase price is $4.44 per square foot of land area. The sale occurred November 19, 2014, as an LLC company transfer. Data 3 is considered far superior to the subject property, due primarily to the existing golf course improvements and superior best use (as the sale OSPR zone, and land size combined, allow for golf course use). Data 4 - Great Park, Irvine i _I 1 - UPPER SEE CANYON BOSQUE 99AC I '- - AGRICULTURE! GOLF COURSE 259AC _ SPORTS PARK WILDLIFE CORRIDOR 178AC DEVELOPMENTGREAT PARK Data 4 represents the sale of a portion of the former El Toro Marine Corps base, which portion is commonly known as the "Great Park." The site is zoned for OCGP (Orange County Great Park) and P (Preservation), and contains 688 acres of land area. The site was acquired by a home developer, from the City of Irvine, for related open space use, and will be developed and utilized for various sports fields as part of a public park, a wildlife corridor, a golf course, and some agricultural use. Note however, the buyer is responsible for approximately $10,000,000 in infrastructure costs applied toward Marine Way. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-14 3-124 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The purchase price was $19,171,000, all cash, which equates to $0.64 per square foot of land area. The market conditions adjusted purchase price is $0.70 per square foot of land area. The deed recorded January 30, 2015, as Document No. 48405. Data 4 is considered far inferior to the subject property, due primarily to the extraordinarily large land size which is deemed far inferior (on a rate per square foot basis), and the inferior improvements, due to the required infrastructure costs. Data 5 — Butterfly Palladium, Buena Park Data 5 represents the sale of the former Movieland Wax Museum site, which use was vacated in 2005. Data 5 is located in Subdistrict 132(a) of the ECSP, which subdistrict only allows entertainment uses as a primary use; museums, hotels, and restaurants are permitted as incidental uses. The site was improved with the former Movieland Wax Museum building containing over 67,000 square feet of building area, plus ancillary buildings. Further, the southerly portion of the site is encumbered with a KV highline. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-15 3-125 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The site required extensive demolition, and the former museum building included asbestos; the sale price of $2,450,000 was "net" of estimated demolition costs of $1,360,000. The site is currently being developed with a Butterfly Palladium, which will include (1) a 40,000± square foot building consisting of a rainforest atrium, honey bee exhibit, Amazon -Aqua life presentation, 3-D theater, education room, party room, caf6, gift shop, and related exhibits, (2) a 10,000 square themed restaurant and family entertainment center, and/or (3) a future skydiving experience venue. Note that restaurant use is only permitted in conjunction with an entertainment use (i.e. independent restaurant development is not permitted under the current entertainment zoning). The purchase price was $2,450,000, all cash, which equates to $6.43 per square foot of land area. The market conditions adjusted purchase price is $6.74 per square foot of land area. The deed May 4, 2016, as Document No. 198773. Data 5 is considered far superior to the subject property, due primarily to the far superior entertainment zoning which allows a greater variety of economic uses, which is considered to more than offset the inferior location. Data 6 — Open Space site, Dana Point R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-16 3-126 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The sale property is a remnant open space land parcel, and represents a relatively long and narrow parcel of land located on the north side of Pacific Coast Highway, across from the ocean, in the City of Dana Point. The site is zoned OS (Open Space) and does not permit development. The seller was a real estate agent that had previously obtained a permit to utilize the site for real estate sales/signage purposes. The site has level to sloping topography, with no drive apron access. The site was acquired on a speculative basis and could reasonably be utilized for signage purposes or for potential sale to adjacent (northerly) property owners as a backyard extension. The purchase price was $30,000, all cash, which equates to $0.57 per square foot of land area. The market conditions adjusted purchase price is $0.59 per square foot of land area. The deed recorded August 31, 2016, as Document No. 414988. Data 6 is considered inferior to the subject property, due primarily to the inferior best use/zoning and topography, which is considered to outweigh the superior beach location. Data 7 — Open Space site, San Juan Capistrano R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-17 3-127 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) The sale property is a remnant open space land parcel, and represents a relatively long and narrow parcel of land located in close proximity to the ocean, in the City of San Juan Capistrano. The site is zoned GOS (General Open Space) and does not permit development. The site was marketed and sold as a non - developable site, on a speculative basis, and could reasonably be utilized for (1) potential sale to adjacent (southerly) property owners as a backyard extension, or (2) speculative zone change or variance for potential one dwelling site near the corner intersection. The purchase price was $70,000, all cash, which equates to $0.95 per square foot of land area. An adjustment for market conditions was not warranted. The deed recorded October 10, 2018, as Document No. 368414. Data 6 is considered inferior to the subject property, due primarily to the inferior best use/zoning and topography. Refer to the following array of land sales, which have been placed in the array by rating with respect to overall comparability. The rates applicable to Data 1 to Data 6 have been adjusted for market conditions (date of sale); an adjustment for market conditions was not warranted for Data 7. The adjusted rates range from $0.43 to $6.74 per square foot, as follows: Overall Rate Per Data Comparability SF Land 5 far superior $6.74 3 far superior $4.44 Subject - - - $1.50 1 inferior $1.36 7 inferior $0.95 4 far inferior $0.70 6 inferior $0.59 2 far inferior $0.43 R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-18 3-128 VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Land Value Conclusion: Based on the foregoing analysis, the rate applicable to the subject property is estimated at $1.50 per square foot of land area, as follows: 41,500 SF @ $1.50 = $62,250 Adjusted: $60,000 FINAL ESTIMATE OF LAND VALUE: Based on the foregoing analysis, the market value of the fee simple interest in the subject land parcel, as of April 10, 2019, is $60,000. See Cost Approach beginning on the following page. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 3-19 3-129 VALUATION ANALYSIS (Continued) COST APPROACH: The Cost Approach is based on the replacement cost new of the subject building and on -site improvements, less accrued depreciation, plus the value of the underlying land parcel. The replacement costs new of the subject property have been categorized as (1) direct building costs, (2) indirect building costs, and (3) entrepreneurial profit. The value of the underlying land parcel was estimated in the preceding Sales Comparison Analysis. Direct and Certain Indirect Building Costs: The direct cost estimates employed in the following Cost Approach Analysis are based on (1) development projects wherein construction costs were available, and (2) cost estimates obtained from Marshall & Swift, a national cost service handbook that provides building costs and site improvement costs for a wide variety of construction classes and materials. The national cost service is considered a guide for estimating replacement costs, plus other related costs. It should be noted, however, that Marshall & Swift does not generally include an allocation between the direct and indirect costs. Further, cost estimates published by Marshall & Swift generally exclude the following: (1) legal and accounting fees, as well as recording fees, (2) consulting fees to obtain required reports, such as environmental impact report (EIR), a geotechnical report, traffic studies, etc., (3) real estate taxes, (4) a contingency factor, (5) financing points, and (6) entrepreneurial profit. Direct costs are those expenditures for labor and materials directly employed in the construction of the improvements. The overhead and profit of the general contractor and various subcontractors are part of the usual construction contract, and represent direct costs. Other costs associated with a project such as the subject development will include the following: • Architectural, design, and engineering fees • Building permit and review fees • Materials, products, and equipment • Labor force • Security during construction • Temporary contractor's office and fencing • Material storage facilities • Powerline installation and utility costs • Contractor's overhead and profit • Developer's administrative expenses • Performance bond(s) R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-20 3-130 VALUATION ANALYSIS (Continued) COST APPROACH: (Continued) The base direct replacement cost includes regional and local adjustments. The "base" cost new for the subject building, based on average quality Class D (wood frame and stucco) construction, and allocating between (1) the gymnasium portion of the building, containing 6,232 square feet, and (2) the remaining building area (classrooms, offices, game rooms, etc.), containing 6,161 square feet, is estimated at: Classrooms: $138.00 per square foot Gymnasium: $110.00 per square foot Additional Indirect Building Costs: In addition to the direct building costs (which include certain indirect costs), a number of additional indirect building costs or allowances will be encountered when developing an industrial warehouse similar to the subject property. Said indirect costs, while necessary for construction, (1) are not typically included in the base (direct) building cost rates, and (2) include the following: Professional services (legal/accounting) Consulting (EIR, geotechnical, etc.) Real estate taxes Contingency factor Financing points In the subject case, additional indirect costs, exclusive of profit, are based on 10% of the base construction costs and are in the total amount of $153,574. Entrepreneurial Profit: Entrepreneurial profit, or developer's profit, reflects the amount a developer expects to receive for his or her contribution in a particular project. Additionally, it represents the degree of risk and expertise associated with the development. Developers and real estate brokers familiar with the intricacies of real estate development indicate that the pro forma profit margins for building develop- ments are generally within a relatively wide range of 10% to exceeding 20% of the direct and indirect development costs. The actual profit margin, upon completion of a particular project, however, can vary considerably depending on a number of factors such as cost overruns, unanticipated additional expenses, labor force negotiations, etc. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-21 3-131 VALUATION ANALYSIS (Continued) COST APPROACH: (Continued) After considering current economic conditions, an entrepreneurial profit based on 15% of the total direct and indirect building costs has been employed in the subject cost study. The entrepreneurial profit for the subject development is estimated at $253,397. Accrued Depreciation: Accrued depreciation is a loss in property value due to any cause. The five basic types of accrued depreciation that affect building structures are summarized as follows: • Curable physical deterioration • Incurable physical deterioration • Curable functional obsolescence • Incurable functional obsolescence • External obsolescence Depreciation resulting from incurable physical deterioration has been based upon an effective age -life technique, which is a straight line method. The depreciation was estimated after (1) conducting a physical interior and exterior inspection of the subject building, and (2) considering the effective age and remaining physical and economic life of the building improvements, based on the physical characteristics, as well as the immediate environmental influences, land values in the subject market, trends pertaining to industrial redevelopment, etc. Note that the remaining "life" of the subject building takes into consideration all of the factors which influence the remaining economic life, including the location of the subject property, land values in the subject vicinity, the current cost necessary to redevelop the subject site, the physical condition of the building and overall functional utility, the state of the current real estate market, plus the state of the local and national economy. The subject building was originally constructed in 1975f, having an actual age of approximately 44 years, however, the building was remodeled in 2008. Considering the below average condition of the subject building, the overall effective age of the subject building is estimated at 30 years. The remaining life, considering the present utility and contributory benefit to the land, is estimated at 20 years. The indicated overall depreciation attributable to the subject building, therefore, is 60% (30/50). R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-22 3-132 VALUATION ANALYSIS (Continued) COST APPROACH: (Continued) Cost Approach Analysis: The Cost Approach Analysis applicable to the existing subject development is set forth following; the land value was estimated in the preceding portion of this section. Cost Analysis: Recreation Center Building: Direct and Certain Indirect Costs: Classrooms/offices/game rooms: 6,161 sf x $138.00 = Gymnasium: 6,232 sf x $110.00 = Subtotal: Additional indirect costs (10%): Total direct and indirect costs: Entrepreneurial Profit (15%): Total building cost new: Depreciation: Typical Age/Life: 60% Deprecaited value of building: Depreciated value of on -site improvements: Asphalt paving (driveways and pkg lot): 5,500 sf x $2.15 x 0.75* Concrete walkways: 4,950 sf x $8.00 x 0.75* Outdoor basketball court: 5,760 sf x $7.50 x 0.75* Trash enlcosure, conc. blk., 6' high: 20 If x $115 x 0.50* Concrete curbing: 375 If x $20.50 x 0.75* Subtotal: Contributory value of landscaping: * Reciprocal of depreciation rate. Total, depreciated value of on -site improvements: 850,218 685,520 $1,535,738 153,574 $1,689,312 253,397 $1,942,709 - 1,165,625 29,700 32,400 = 1,150 5,766 $ 77,885 15,000 $777,084 92,885 Total, depreciated value of building and on -site improvements: $869,969 Adjusted: $870,000 Land value (via Sales Comparison Approach): 60,000 Total market value of subject property: $930,000 R. P. LAU RAIN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-23 3-133 VALUATION ANALYSIS (Continued) MARKET RENT: The purpose of this appraisal is to estimate the market rent applicable to the subject property. Further, an allocation is included for the NMUSD portion of the site containing 2,560 square feet of land area, and improved with a portion of the existing basketball court. As noted, there is a lack of comparable recreation and/or community center properties in the open market in which a market rental rate can be derived via direct comparison. As such, in order to estimate the rental value of the subject property, it is necessary to apply an appropriate rate of return to the market value of the subject property (land and improvements). Rate of Return: In determining the appropriate rate of return to apply to the subject property, the appraiser considered (1) gross annual rates of return received by public agencies and large land -holding private corporations, (2) national capitalization rates and yield rates, obtained by large private real estate investment firms, and (3) range of capitalization rates for conventional properties in the immediate and general subject market area. Following is the gross annual return rates received by public agencies and large real estate corporations: City of Long Beach: 7-10% City of Los Angeles: 8-10% County of Los Angeles: 6-9% County of Orange: 8-10% Irvine Company: 9-10% Watson Land Company: 8-10% Newhall Land Company: 8-10% The rates in the above -mentioned table effectively represent those rates which the public agency seeks to obtain at their sites over a long-term holding period (20+ years). Sites located in areas of high demand and/or limited availability can achieve the higher rates (as quoted in the table above), while sites which are more "typical" or "common" are often leased at lower rates. Further, note that short term capitalization rates are generally 2% to 4% lower than the public agency rates of return. R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-24 3-134 VALUATION ANALYSIS (Continued) MARKET RENT: (Continued) As stated, in addition to the rates of return sought by public agencies and private real estate companies, a review was conducted of national yield rates (internal rates of return) obtained by private real estate investors, on a quarterly basis. The rates were obtained from the Price Waterhouse Cooper (PWC) Investor Survey. The overall capitalization rates, as well as the investment yield rates (also known as discount rates) were obtained from the PwC Investor Survey, First Quarter, 2019. The PWC is a quarterly publication based on a survey of real estate investors and developers. Said survey includes economic and financial information, plus rates produced by acquisitions and dispositions of large income -producing properties. Following is a summary of certain average yield rates, as obtained from Korpacz: Cap Rate Yield Rate Los Angeles Office Market: 5.98% 7.63% National Net Lease Market 6.77% 7.52% National Strip Shopping Center Market: 6.63% 7.73% Pacific Region Apartment Market: 4.54% 6.63% As noted, the overall yield rates (discount rates) are generally 1% to 2.5% greater than the capitalization rates (which are based on a single year income). Note, however, the yield rates are generally based on long term investments, and include the return on capital and appreciation of the underlying real estate investment. As such, in the subject case, the capitalization rate range is deemed more appropriate, which range (excluding apartments) is 5.98% to 6.77%. As will be demonstrated, however, capitalization rates for conventional commercial property (office and retail), in the Orange County and Newport Beach area, are generally at the lower end of the range, as follows: Cap Rate Orange County Office Market: 5.5%-5.7% Orange County Retail Market 5.20/o-5.4% Newport Beach Office Market: 5.3%-5.4% Newport Beach Retail Market: 4.60/o-5.1% R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-25 3-135 VALUATION ANALYSIS (Continued) MARKET RENT: (Continued) Although the capitalization rates for conventional retail properties in Newport Beach and Orange County are at the lower end of the range, the subject Boys and Girls Club is an atypical special use property which, by nature, has a lower value and higher risk (i.e. higher rate of return). As such, the rate of return deemed applicable to the subject property, as applied to both the underlying land and the existing improvements, is estimated at 6.0%. Market Rent Conclusion — Property as a whole: Based on the foregoing analysis, the market rent deemed applicable to the subject property as a whole, allocated between the underlying land and improvements, is estimated at $55,800 per year, or $4,650 per month, as follows: Fair market rent - Property as a whole: Land Value: $60,000 Rate of Return: 6.0% Annual Rent, land only: $3,600 Monthly Rent, land only: $300 Value of building and site improvements: $870,000 Rate of Return: 6.0% Annual Rent, building and site improvements: $52,200 Monthly Rent, building and site improvements: $4,350 Reconciliation - property as a whole: Annual Rent, land only: $ 3,600 Annual Rent, building and site improvements: 52,200 Total Annual Rent: $ 55,800 Total Monthly Rent: $4,650 R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-26 3-136 VALUATION ANALYSIS (Continued) MARKET RENT: (Continued) Allocation of School District Portion: As stated, the appraisal study also sets forth the market rent for the allocated portion of the Newport Mesa Unified School District (NMUSD) site. Said NMUSD site contains 2,560 square feet of land area, valued at $1.50 per square foot ($3,840). The NMUSD site is improved with a portion of the basketball court, which site improvement is valued at $7.50 per square foot (cost new), and depreciated 25%. The rate of return applied to the allocated portion of the NMUSD is 6.0% (as part of the whole). Market Rent Conclusion — NMUSD Allocated Portion: Based on the foregoing analysis, the market rent deemed applicable to the NMUSD portion of the site, allocated between the underlying land and improvements, is estimated at $1,094 per year, or $91.17 per month, as follows: Allocation of Newport Mesa Unified School District portion: Land Value: 2,560 sf x $1.50 = $ 3,840 Rate of Return: 6.0% Annual Rent, land only: $230 Monthly Rent, land only: $19.17 Value of allocated basketball court improvements: 2,560 sf x $7.50 x 0.75* = 14,400 Rate of Return: 6.0% Annual Rent, land only: $864 Monthly Rent, land only: $72.00 Reconciliation - Allocation of School District portion: Annual Rent, land only: $ 230 Annual Rent, basketball court improvements: 864 Total Annual Rent: $ 1,094 Total Monthly Rent: $91.17 R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-27 3-137 VALUATION ANALYSIS (Continued) FINAL ESTIMATE OF RENTAL VALUE: Based on the foregoing analysis, the fair market rental rate applicable to the subject property, as of April 10, 2019, is summarized as follows: Property as a Whole: Annual Rent, land only: $ 3,600 Annual Rent, building and site improvements: 52,200 Total Annual Rent: $ 55,800 Total Monthly Rent: $4,650 Allocation of School District Portion: Annual Rent, land only: $ 230 Annual Rent, basketball court improvements: 864 Total Annual Rent: $ 1,094 Total Monthly Rent: $91.17 Said rental rates are based on a triple net (NNN) rental arrangement wherein the lessee (tenant) would be responsible for the payment of real estate taxes (if any), insurance premiums, utilities, maintenance, etc. Further, the applicable rental rate would be subject to annual adjustments, typically based on the Consumer Price Index (CPI), with re -adjustment to market levels at set intervals (every 3, 5 or 10 years). R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-28 3-138 ADDENDA 3-139 See Photo No. 1 on first page of Subject Property Description Section. PHOTO NO. 2: View looking southwesterly at the subject property from Vista Del Oro.. PHOTO NO. 3: View looking southeasterly at the rear elevation of the subject building and basketball court. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 5-1 3-140 PHOTO NO. 4: Interior view of main game room. PHOTO NO. 5: Interior view of typical classroom. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 5-2 3-141 PHOTO NO. 6 Interior view of gymnasium. PHOTO NO. 7: Interior view of hallway. R. P. LAURAIN & ASSOCIATES APPRAISERS - ANALYSTS 5-3 3-142 PHOTO NO. 8: Interior view of kitchen area. PHOTO NO. 9: View looking southerly along Vista Del Oro from a point adjacent to the subject property. R. P. LAURAIN _ & ASSOCIATES APPRAISERS - ANALYSTS 5-4 3-143 m MONS SER R A I N A J J V 1, I A I L S APPRAISERS -ANALYSTS 3-144 BACKGROUND AND QUALIFICATIONS John P. Laurain, MAI, ASA Certified General Real Estate Appraiser California Certification No. AG 025754 PRESIDENT; R. P. Laurain & Associates, Inc. 3353 Linden Avenue, Suite 200 Long Beach, California 90807 Office: (562) 426-0477 - Fax: (562) 988-2927 rpla@rplaurain.com PROFESSIONAL ORGANIZATION AFFILIATIONS; The Appraisal Institute MAI Designated Member American Society of Appraisers Senior member; hold professional endorsement and designation "ASA" in urban real estate. American Arbitration Association Associate arbitrator in title insurance matter. Certified General Real Estate Appraiser by the Office of Real Estate Appraisers, State of California. Certification No. AG 025754. APPRAISAL BACKGROUND; Real estate appraisal and valuation consultation services conducted for public purposes include eminent domain studies, street widening and grade separation (bridge) projects, public school and university expansion projects, relocation studies, housing and public loan programs, Navy housing, senior housing, public bond measures, leasing of publicly -owned properties, Quimby Act park fee studies, Fair Political Practices Commission analyses, budgetary studies, and transfers (exchanges) of properties between public agencies. Private real estate appraisal services have been conducted for lending institutions, insurance companies, attorneys, estates for tax and donation purposes, private subdivision development studies, and other private uses. R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS 1 3-145 BACKGROUND AND QUALIFICATIONS (Continued) APPRAISAL BACKGROUND: (Continued) Residential Property: Residential properties appraised include single family, condominiums, own - your -own, townhouse, low and medium density multiple family, 100+ unit apartment complexes, waterfront properties, boat docks, mobile home parks, vacant single-family lot and acreage parcels, and low to high density vacant land parcels. Commercial and Industrial Property: Commercial property appraisal studies have included single and multi -tenant retail, strip centers, shopping centers, low-rise and high-rise office buildings, medical offices, restaurants and fast-food developments, nightclubs, con- venience stores, theaters, automobile repair and service facilities, service stations, truck fueling and washing stations, car wash facilities, automobile sales, mixed -use properties including single resident occupancy (SRO) developments, as well as hotel and motel properties, and vacant land. Industrial property appraisals have included warehouses, light and heavy manufacturing, distribution and transit facilities, food processing, cold storage, lumber yards, recycling centers, open storage, vacant land, remnant and landlocked parcels, properties encumbered with oil and water injection wells, sites with soil contamination and land fill properties. Special Purpose and Special Use Properties: Appraisal services and valuation studies of public, quasi -public, special use, and nonprofit facilities include, among others, seaport properties, airport properties (FBO, hangars, warehouse, office, land, etc.), submerged land, river rights -of - way, reservoirs, agricultural land, conservation/mitigation and wetland properties, utility and railroad rights -of -way, flood control channels, city hall buildings and civic center complexes, courthouses, libraries, fire and police stations, post offices, public parking structures, parks, public and private schools, adult learning centers, athletic facilities and gyms, bowling alleys, tennis centers, youth homes, after school facilities, daycare facilities, hospitals, skilled nursing facilities, churches, meeting halls and veteran facilities. Valuation Methodologies: In addition to the three conventional valuation methods (Sales Comparison Approach, Cost -Summation Approach, and Income Capitalization Approach), valuation methodologies have included discounted cash flow analyses, leased fee, and leasehold analyses, absorption discounts, deferred maintenance, cost - to -cure, bonus value, excess rent, across -the -fence, value -in -use, fractional interests, hypothetical valuations, and reuse studies. _ R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 2 3-146 BACKGROUND AND QUALIFICATIONS (Continued) APPRAISAL BACKGROUND: (Continued) Property interests appraised for eminent domain purposes include full and partial takings, as well as severance damage and project benefit studies. Valuation of various types of easements have included permanent surface, street, temporary construction, slope, utility, pipeline and subsurface, aerial, bridge structure, signal light, exclusive and nonexclusive surface rights, multi - layered, battered pilings, tie -back, railroad, drainage ditch, and flood control easements. Clients: Real estate research, analysis and appraisal services performed on projects for the following public agencies and private corporations while associated with R. P. Laurain & Associates, Inc., since 1986: Cities: City of Alhambra City of Artesia City of Azusa City of Baldwin Park City of Bell City of Bell Gardens City of Bellflower City of Buena Park City of Burbank City of Carson City of Cathedral City City of Chino Hills City of Compton City of Covina City of Cudahy City of Cypress City of Diamond Bar City of Downey City of El Monte City of El Segundo City of Glendale City of Hawaiian Gardens City of Huntington Beach City of Huntington Park City of Industry City of Irwindale City of La Mirada City of Lawndale City of Long Beach City of Los Alamitos City of Los Angeles City of Monrovia City of Monterey Park City of Newport Beach City of Norwalk City of Ontario R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS City of Palmdale City of Palm Springs City of Paramount City of Pasadena City of Riverside City of Rosemead City of San Juan Capistrano City of Santa Ana City of Santa Fe Springs City of Seal Beach City of Signal Hill City of South El Monte City of South Gate City of Tustin City of Upland City of West Hollywood City of Whittier 3 3-147 BACKGROUND AND QUALIFICATIONS (Continued) APPRAISAL BACKGROUND: (Continued) Other Public and Quasi -Public Agencies: Other: Alameda Corridor Engineering Team Alameda Corridor Transportation Authority California High Speed Rail Authority Caltrans Castaic Lake Water Agency Hawthorne School District Kern County Long Beach Community College District Long Beach Airport Long Beach Unified School District Long Beach Water Department Los Angeles County Department of Beaches and Harbors Los Angeles County Chief Executive Office Los Angeles County Internal Services Department Los Angeles County Metropolitan Transportation Authority Los Angeles County Public Works Los Angeles Unified School District Los Angeles World Airports Lynwood Unified School District Orange County Transportation Authority Orange County Public Works Port of Los Angeles Port of Long Beach Riverside County Transportation Commission San Bernardino County Southern California Edison State of California, Santa Monica Mountains Conservancy U. S. Department of the Navy U. S. Postal Service Various attorneys, corporations, lending institutions, and private individuals. Gold Coast Appraisals, Inc.: Associate appraiser, as independent contractor, during portions of 1991 and 1992, specializing in appraisal of single family residential through four -unit residential properties. _ R. P. LAURA IN & A S S O C I A T E S APPRAISERS - ANALYSTS 3-148 BACKGROUND AND QUALIFICATIONS (Continued) EXPERT WITNESS; Qualified as an expert witness in the Los Angeles County Superior Court, Central District. Qualified as an expert witness Orange County Superior Court. Qualified as an expert witness in an arbitration matter before Judicial Arbitration and Mediation Services in the Counties of Los Angeles and Orange. Provided testimony as an expert witness in conjunction with eminent domain matters before the San Bernardino and Riverside County Superior Courts. ACADEMIC BACKGROUND: Cypress Community College - Basic curriculum. Long Beach Community College - Basic curriculum. Real estate and related courses taken through and at various Community Colleges, Universities, the Appraisal Institute, and business schools, in accordance with the Continuing Education Requirements of the State of California, as follows: Fundamentals of Real Estate Appraisal Appraisal Principles and Techniques California Real Estate Principles Real Estate Appraisal: Residential Principles of Economics California Real Estate Economics Basic Income Capitalization Approach Advanced Income Capitalization Approach Advanced Market Analysis and Highest & Best Use Advanced Applications Advanced Concepts and Case Studies Real Estate Escrow California Real Estate Law Uniform Standards of Professional Appraisal Practice, Part A Uniform Standards of Professional Appraisal Practice, Part B Federal and State Laws and Regulations Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book) Valuation of Conservation Easements R. P. LAURA IN _ & A S S O C I A T E S APPRAISERS - ANALYSTS 5 3-149 Attachment F Letter from Boys and Girls Clubs of Central Orange Coast 3-150 m I'll, x��_ BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Costa Mesa Irvine Newport Beach Orange Santa Ana City Council of Newport Beach, For more than 80 years, our Boys & Girls Club has served the youth and families in Orange County and we have been incredibly proud to partner closely with city of Newport Beach over many of those years. Our Boys & Girls Club is innovative, community -focused, and committed to providing quality programming, a safe space, and mentoring relationships that equip today's youth —our next generation of leaders —with the skills they need to unlock their true potential. Our Club's mission is to ensure our youth have access to mentors who help guide them through life's obstacles and champions who help them reach for their own personal greatness. These mentors and champions provide immeasurable value to the youth and families in our community. The impact we bring as a Boys & Girls Club through this partnership with the City of Newport Beach is our collective impact and is as much your success as it ours. Through this facility partnership and the extension of our lease agreement, the Boys & Girls Clubs of Central Orange Coast will continue to invest millions of dollars into programming and impact to benefit our Newport Beach community for decades to come. Additionally, our Club serves as a complement to other youth programming by fostering relationships with similarly -minded organizations to best serve Newport Beach's youth and their families. In 2019 the Boys & Girls Club completed our Pursuing Greatness Capital Campaign and invested over $2M into the renovation of our Newport Beach Club making it one of the most innovative and world -class Clubs across the country. During the pandemic, our Club stepped up to keep our doors open to working families with priority given to the families of healthcare and essential workers. We collaborate regularly with the Parks & Recreation Team of the City of Newport Beach and are truly grateful for our relationship. As part of our long-term lease renewal process with the city, there was a section in your City Council Policy (Section F-7) that needs to be addressed prior to your formal approval. After reviewing this section with your staff, we all agreed the Boys & Girls Club meets the intent of the parameters for a successful partnership and the extension of our lease. We have provided staff with some supporting documents (Attached) from our Boys & Girls Club as well as from our National Organization Boys & Girls Clubs of America to ensure your confidence in our processes for appointing our Board of Directors. We are confident you will agree our bylaws and processes exceed the standard of best practices 3-151 BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST Costa Mesa Irvine Newport Beach I orange I Santa Ana to ensure we continue to not only provide world -class services to the residents of Newport Beach, but also maintain our reputation as one of Orange County's most respected nonprofits. Given the original intent when this building and surrounding park area was first gifted to the City of Newport Beach by the Irvine Company for the purpose of serving the community and this facility being dedicated as a Boys & Girls Club along with our current and previous lease agreements by prior City Councils, we look forward to continuing to strengthening our community with you through the extension of the lease. We respectfully request the City Council of Newport Beach to please waive section F-7 of the City Council Policy and approve the extension of our lease. We have had incredible impact together on the families of Newport Beach over several decades through this collaboration and the recent investment we made of over $21VI into the facility and infrastructure has prepared us to serve the next generation of leaders! We look forward to continuing our work together. With gratitude, Robert Santana, CEO Boys & Girls Clubs of Central Orange Coast 3-152 Alk BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST costa Mesa I Irvine I Newport Beach I Orange I Santa . T= i3em & GILLS CAS OFCENTRAL ORANGE COOT o9kaMei\xv*ne I Newport Beach I Orangel%bA,p ft 1 � Our family of Clubs is united under one mission... one vision... one core value. MISSION To ensure every child has mentors and champions in life. 1VA&2KO1►J All children will build positive <Z> life-long memories, achieve their greatest potential and inspire future generations. CORE VALUE q* Pursue greatness. 1111i/ AO dw move i A Letter From Robert Santana On behalf of every family we impacted this year, thank you for investing in our mission! Your support enables us to reach deeper to serve those most vulnerable. You supported the expansion of our Family Strengthening Initiatives food distribution and safety net services across our high -risk communities. You funded the expansion of our Mental Wellness Strategy that strengthened our outreach to families facing crisis and young people needing support. You helped us launch 4 new elementary school sites in the Westside of Costa Mesa, 2 new College Bound sites in Santa Ana, and increased our capacity to serve more youth in 3 elementary school sites in Orange. And you supported the launch of our new Workforce Development Initiative that prepares teens for future careers. Thanks to you, our Club was ready when families needed us most! As we look forward, our Club continues to prepare our young people for success while identifying the following 3 focus areas as the greatest challenges facing our community: 1. Achievement Gap - Expand academic intervention services to address the learning loss, digital divide, and the achievement gap 2. Family Strengthening & Emergency Support Services - Expand essential resources to support families most impacted by the loss of employment, inflationarypressures, or food insecurity 3. Mentoring & Mental Wellness - Deepen our mentor relationships with young people and expand our mental health resources for youth, teens, and parents. Last year our Club celebrated 80 years of service and impact! But we are even more excited about the future and how we continue to be the organization families count on! We promise to listen to our communities, evolve as needed, and rise to challenges that unlock the amazing potential of our young people! Thank you for believing in our kids and supporting our mission! Robert Santana, CEO 3-154 80VO-1 OF COLLEGE BOUND MEMBERS ARE 1ST GENERATION 67% OF OUR CLUB FAMILIES ARE BELOW THE FEDERAL POVERTY LEVEL 93% OF OUR CLUB FAMILIES ARE LOW INCOME IN ORANGE COUNTY Addressing the Community's Needs AS OUR SHARED COMMUNITY MOVES BEYOND THE CURRENT PHASE pa"PoO Z5/ OF THE PANDEMIC, THE FAMILIES OUR CLUB SERVES FACE GREATER DECREASE IN 23% CHALLENGES AND NEEDS THAN WE HAVE SEEN IN THE PAST. AS OUR CLUB READING DECREASE IN MATH ACHIEVEMENT LOOKS TO THE FUTURE AND HOW WE RESPOND, WE SEE THE ACADEMIC ACHIEVEMENT ACHIEVEMENT GAP WIDENING FOR LOW INCOME STUDENTS, CREATING A POTENTIALLY INSURMOUNTABLE DEFICIT FOR STUDENTS TO ESCAPE FROM OF TEENS SUFFERED A " MAJOR DEPRESSIVE EPISODE -� THIS YEAR of Q O MEMBERS RE BOUND FIN CEIVE . T 1 Is ASS/S KC, AL 2022 VCEIN PF— $3 ,OOO IS THE NATIONAL AVERAGE STUDENT LOAN DEBT IN 2022 13% GROCERY STORE PRICES HAVE RISEN B FROM AUGUST 2021 - AUGUST 2022. ft AW■ GENERATIONAL CYCLES OF POVERTY... WE SEE A GROWING NEED FOR ACCESS TO MENTAL HEALTH SUPPORT FOR YOUTH... AND WE SEE MORE FAMILIES FACING FOOD INSECURITY AND NEEDING ASSISTANCE AS INFLATION PRESSURES FAMILIES WITH LIMITED BUDGETS. To address the challenges our communities face, our Club looks to the future with optimism and has created a strategic vision that will make critical investments in: • Strengthening the mentor relationships for every youth we serve; • Continuing to expand our College Bound and Workforce Development Programs; • Expanding our reach and impact to new families in the communities we serve. Our key to success, and foundation for the Club's vision, is to grow capacity through strategic initiatives while enhancing relationships with partners, donors and volu who help us provide more equitable access the resources and opportunities that deliver change. 3- TS & GIMS "ENTRAL ORAL ""'+� ostB MLILI I Irvine I Newport Beams GOro O/Isr . 1 1111-41�*1 �� - — — Expanding Teen Members' Future Options As we look forward, we continue to drive impact for the teens we serve by expanding our teen impact strategy. Our goal is to help teens break the cycle of poverty through the power of higher education, or securing an above livable wage career upon high school graduation. Through a continued focus on our Workforce Development and College Bound initiatives, more teens and alumni will attain a brighter future. Higher education must remain financially attainable for our members. We plan to grow our Scholarship Fund to ensure members have a sustainable plan to obtain a higher education degree, as well as establish support for those students pursuing alternate paths to future careers beyond high school. 5 // BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT Enhancing Every Member's Experience Over the next three years, we commit to deepening our engagement with the children and parents we serve by providing investments needed to close resource gaps. We will drive greater attention and quality of service to every member through lower staff -to -member ratios, greatly improving and enhacing mentor relationships. Additionally, through an expansion of our partner network, members will access improved early literacy intervention, writing and math support that establish a foundation for future learning and educational development. Growing Resources that Support the Entire Family Our Club believes in empowering the community to improve their personal situation through our early Childhood and Family Strengthening programs. Through expansion of our partner network and worki to secure additional resources and support services t serve the entire family holistically. ■ NED GREATNE TNESS r # BOYS &GIRLS CLU � A CENTRAL ORANGE RN E! REATNESS College Bound 0 Year At=A=Glance O � O 21st Century Clubs/ Impact Model 720 YOUTH AGES 6 18 served every day a, our 4 club locations Meals Distributed 2849000 MEALS distributed this year with help from 386 volunteers 4 Ll 8 School -Based N EqPrograms RLY 300 students served annu at partner school itesY 4W --411� a 1 $2,100 462 in financial cial assistance secu $148,125 in red, including Club scholarship aWarde to 40 graduating seniors d JsSkr al-S c+LV�` b r-Trtne import �neP ` or��`finti 4�4 2,9239 TEENS served at 12 sites last year with 163 graduating seniors # -0, d� eying miiy Strength Fa v io 0� �p►M1`1ES E N`a Xs year `N�t u01ty s n pr f� r9 njt pD5 na partner o College Bound Alumni 219 MEMBERS supported this year 0 r' 99 Food Distribution 40,232 INDIVIDUALS M IL served through 42 food ��..r.� distribution events- k SGC Actit,e e?Sports `ed9/4 18 is s basic Oetb 2S yoluntee� p oa clpants w ches l d st y tar a 4 School -Based Programs Our school -based programs provide on -campus, after - school enrichment services to students who attend our elementary and middle school partner sites in the cities of Costa Mesa, Orange, and Santa Ana. n response to COVID-19, we held programs at 3 school sites this year. 21st Century Clubs/ Impact Model Our Impact Model provides a structured, daily rotation of academic reinforcement, physical fitness, and enrichment opportunities. It is customized to deliver age -appropriate curriculum that encourages curiosity, discovery, creativity and teamwork. Through our Impacr Model, members are motivated to adapt and grow, develop 21st century skills, graduate on time with a plan for their futures, and prepare for success. 15001 member -to - mentor ratio Family Strengthening By strengthening the entire family unit, our Family Strengthening program focuses on empowering parents to invest in their own education and employment skills to strengthen their finances and health. Through a strategic network of nonprofit and community partners, our Family Strengthening program provides youth and their families a clear path to improve their greatness within. lab., 71 Non-profit and community partners BGC Active Sports Leagues BGC Active offers health and wellness services through youth sports leagues at our Clubs. The cornerstone of this initiative is our Youth Basketball League, which has been an integral part of our community for over 40 years. The goal for our leagues is to teach all participants the fundamentals of sports, sportsmanship, and teamwork. SEGl�l51'AQK 9 // BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 BOYS & GIRLS CLUMNNEPII!71 RAL OkAg%NAL R pull Mental Health Since the onset of the COVID-19 pandemic, we have seen a rise in the need for mental health resources. As a response, we have taken strategic investments to support our staff and youth to ensure they have access to mental health resources. Our Boys & Girls Club will: o Work together with community partners so our youth can be educated on the importance of their mental wellbeing, develop self- awareness, and improve their interpersonal skills, o Train our staff to recognize and respond to the signs, symptoms, and be aware of the risks to our youths' mental health; and Increase our network of community partners to provide specialized support for our <4 11 1 College Bound College Bound is a college and career readiness program that works to ensure high school students graduate on time with a customized plan for the future. At the heart of the program is the academic case management through which students receive the individualized guidance, encouragement, and resources they need to set and obtain their educational goals, whether that be through college, military, or trade school pursuits. o Over $2.1 million in financial assistance secured for 2022 graduates o Average $12,886 in financial assistance per student o 100% of seniors graduated on time and moved on to higher education despite the interruption to their education caused by COVID-19 members rough virtual advising College Bound Alumni Our College Bound Alumni program was forma launched with our 2019 graduating class so we continue to provide our alumni with academic, and social -emotional support to ensure they en in, engage, and graduate from college. This yea round mentorship program offers monthly chec ins, access to workshops and resources, networ opportunities, and peer mentoring. o 219 members supported this year o Percentage of members on schedule to move on to following school year o Class of 2019: 82% o Class of 2020: 98% "Ni Workforce Development Our Workforce Development program was piloted in Spring 2022 with the goal to help ensure teens have equitable access to resources and career opportunities post -graduation. Our focus is to provide services such as direct mentorship, professional networking opportunities, internships/ externships, and career fairs. The program's objective is to offer career exploration opportunities in: o Business Administration O Civic Services o Construction & Trade o Healthcare o Sales o Service Industry o S.T.E.M. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 // 12 3-159 Financials Audited figures for fiscal year ended June 30, 2022 Revenue SPECIAL EVENTS 6% BGC CENTRAL OC — FOUNDATION 2% CONTRIBUTIONS 16% OTHER INCOME 14% GRANT INCOME 10% SPORTS & PROGRAM FEES 14% TRUSTS & FOUNDATIONS 38% Expenses TEEN SERVICES 25% Teen Empowerment, College Bound, YEP for Kids, School -Based Programs, 21st Century Clubs FAMILY STRENGTHENING 4% EMERGENCY COVID RESPONSE 9% IMPACT MODEL 62% 21st Century Clubs, School -Based Programs, Triple Play, BGC Active Sports Leagues 13 // BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 20212022 BOYS & GIRLS CLtM OF CENTRAL ORANGE Coem BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 a Donor List Champion of Youth Circle $100,000+ Anonymous Anonymous nM GlRvstoms Curci Family of ENFu datim DAFT From My Heart Charitable Fund Joe MacPherson Foundation Inc. O.L. Halsell Foundation Sharon D. Lund Foundation Benefactor Circle $50,000-$99,999 The Annenberg Foundation The Devto Support Cheng Family Foundation Foundation County of Orange Donald Bren Foundation Robert Cryer* President Circle $25,000-$49,999 Bank of America Charitable Marcelo & Maura Brutti Foundation Croul Family Foundation Bluebird Legacy Tad Danz Brethren Community James Krueger Foundation Director Circle $10,000-$24,999 3M Company Allen & Friedmann Families Antis Roofing & Waterproofing Eric & Connie Boden Boys & Girls Club of America Nicole Carrillo Hall and Keith Hall City National Bank City of Santa Ana Dhont Family Foundation Draper Family Foundation Mark & Jaclyn Dreschler Fifth Third Bank First Bank Alison Gooding & Sean Barry Haskell & White, LLP The Holden Family Foundation Club Circle $5,000-$9,999 Anonymous Anonymous Cara & Craig Abrahams Leslie Alvarado William & Floriana Anhood Santino & Aline Blumetti Brown -Forman Cassidy Castleman CHOC Children's Hospital Veronica & William Coffie CoreLogic haloitte & Touche Adam & Lisa Dooley Goodwin Family Memorial Trust Mike & Mary Kay Groff Jeffrey & Jenny Gross Heritage Foods, LLC Hester Family Foundation Doug & Lisa Holte Hyundai Capital America Charlene & Mike Immell JM Family Enterprises, Inc. Roger T. Kirwan Kimberley Korinke KPMG Marterra Real Estate Timothy Miller Marla Noel Zachary Parker Wayne & Karen Pinnell Redline Detection Richard & Darlene Sanchez Robin C Shanahan SPEC Services Inc. John Stedman Claire Sweetland RLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 For donations made July 1, 2021 through June 30, 2022 Sun Family Foundation PETER ERR to UEBRROTH Tarsadia Foundation FAMILY FOUNDATION The Roberto Foundation Iva PACIFIC LIFE IoanDepot James S. MacPherson Anne MacPherson & Peter West Jerome Schneider David & Robyn Stauffer Swayne Family Foundation Frank & Shannon Tucker Peggy Hutchinson & Randy Trost Martfam Foundation Helen & Peter Maxwell PIMCO Foundation The McBeth Foundation Travis & Candice Whitten Profit Recovery Partners SageView Foundation Stadium Nissan Kayhan & Liz Mirza Cathy & Rick Stahl Multi -Ethnic Collaborative of Donald Steiner Community Agencies TJX Foundation Orange County Community '990 Foundation AO County United Way 40 #V 4e Crevier Family The Edwards Lifesciences Fund Robert D. & Judy Threshie George N. Ujkic Ted Verdon & Jillyn Hess-Verdon Paul Westhead Woodside Credit Xerox Corporation Robert & Lisa Young Joseph & Christine Yurosek I40 Partner $2,500-$4,999 Tim & Cheryl Alders American Business Bank Sunny An Donor Anonymous Beach Cities Car Wash Larry & Debbie Bridges Buffalo Wild Wings, Irvine & Randy Yamamoto Charles B. Caldwell Thomas Callister Rick & Danielle Chan Cox Communications Creative Package McKahan Inc Ed & Donna De La Torre First American Trust David & Michelle Fisher Yohei & Katie Fukuda Advocate $1,000-$2,499 Jonathan & Kristine Batista Mark & Ginger Beckel Christine Binder The Brethren, INC DBA Fire Safety First Capco Michael & Meredith Chandra Dr. Mark & Jennifer Colon Brian & Laura Cox Culligan Water Dicks Sporting Goods Cleo Dougherty Anders Eisner Scot Ellingson Enterprise Data Solutions Financial Communications Society Jessica Gilbert Ryan Grant Mike Guyot Harry's Heroes Bradford Hoover Howard A. & Shirley V. Jones Family Foundation Raul Jara Ken Kathcart Bindiya Khurana Elizaeth Koen Julee Koncak Carlos Lariz Johnny Lee Rhea Leigh Graf Lions Club of Costa Mesa - Newport Harbor Livingston Family Foundation Christine Long Gregg & Mary Anne Haly Hays of California Insurance Services Yvonne Herrell Rebecca & Alex Intfen Dr. Jeffrey Joseph Sean & Courtney Kacer Jennifer Kim Dirk Manelski Gary McArdell Modern Woodmen Fraternal Financial Mark Moehlman Naeem Morris Chi Nguyen Cox Dawn Nicolaisen Vicki and Tom Otterbein Caleb Patterson Boris Piskun Playtika Holdings Corp Rita Prizio QWQER Services LLC Edward & Lizbeth Reilly Kay Ridgeway Peter & Lesley Riley Lifetime Giving Society Philanthropist $2,500,000+ Joe MacPherson Foundation Anonymous Benefactor $1,000,000-$2,499,999 Boys & Girls Clubs of Central Orange Coast Foundation Julia & George Argyros From My Heart Charitable Fund O.L. Halsell Foundation Orange County United Way Pacific Life Foundation Tarsadia Foundation The Ueberroth Family Foundation Leader $250,000-$499,999 The Annenberg Foundation Anonymous AT&T Bank of America Charitable Foundation Wanda Bose -Kemper* Boys & Girls Club of America Croul Family Foundation Curci Family Ross & Phyllis Escalette* Haskell & White, LLP IoanDepot The Long Family Foundation The McBeth Foundation King Cole Ducks Meghna Sinha & Maya Purandare Philanthropy Fund Regina Oswald Dee Dee Owens Greg Sharenow Snell & Wilmer, L.L.P. Bart Van Aardenne Roberto's Auto Trim Dan & Catherine Robinson Maleny Rodriguez Jesse & Jenny Rodriquez Saks Fifth Avenue John F Schaefer Audrey Schneider Jeffrey Shepard David B Smith Southern California Gas Company Spinnaker Investment Group Starbucks Neighborhood Grants Fund Strategic Global Advisors Dana & Bryan Su Christine Velascc Mentor $500,000-$999,999 Tad & Barbara Danz Anne MacPherson & Peter West James S. MacPherson PIMCO Foundation Orange County Community Foundation David & Robyn Stauffer Sun Family Foundation Keith Swayne Swayne Family Foundation Robert & Judy Threshie David Pyle The Roberto Foundation Sharon D. Lund Foundation Taco Bell Frank & Shannon Tucker Waste Management of Southern California Weingart Foundation Ruth D. Wetherbee* BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 // 16 3-161 °0ft&6ra � " wo ft � ' Join Our Heritage Club A gift to the Foundation is truly an investment in the future of the Club, and generations of children yet to be served. Through Legacy donations to the Foundation the assets can grow over time and maximize the impact of the principal investment. By making a planned gift, you will receive recognition as a member of our Heritage Club, a special group of donors who believe in our kids and have chosen to leave a legacy of greatness. Donors may choose gifts of stock, real estate, life insurance, IRA's, charitable bequests and more that maximize tax benefits while at the same time creating lasting impact for future generations. THE eER�ITAGE WLUu BB THANK YOU TO THE DONORS WHO HAVE ALREADY COMMITTED TO LEAVING A LEGACY OF GREATNESS: WANDA BOSE-KEMPER* V. V41clf CHIP CALDWELL Vr THOMAS CALLISTER ROBERT CRYER* HARDING FAMILY TRUST ROBERT INGOLD JR.* "aiG�CUMS MICHAEL & KATHI MCLEAN `ITRNA'+�eM� aCO.Aa�+uM, ill MARLA NOEL WAYNE & KAREN PINNELL ROBERT & JAMIE SANTANA FRANK & SHANNON TUCKER ANNE MACPHERSON WEST & PETER WEST TRAVIS & CANDICE WHITTEN RUTH D. WETHERBEE* ERMIN WOJCIK 5 DONORS WHO PREFER TO REMAIN ANONYMOUS *in memoriam For more information, please contact Travis Whitten, Chief Philanthropy Officer (714) 543-5540, Ext. 302 twhitten@boysandgirlsclub.com BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST / ANNUAL REPORT 2021-2022 // Volunteer Opportunities are available for individuals and corporate partners to provide hands-on mentorship for our kids. Donate Your gift directly supports the strategic programs and initiatives that are key in creating impact in the lives of the children and families we serve. Advocate Collect supplies for any of our annual drives: back - to -school, books, and toys; provide in -kind goods and services for our kids or our Clubs. To discuss other ways you can make an impact on our kids, our Clubs, and the communities we serve, please contact Travis Whitten, Chief Philanthropy Officer, at twhitten@boysandgirlsclub.com or (714) 543-5540, ext. 302. BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST costa Mesa I Irvine I Newport Beach I Orange I Santa Ana (714) 543-5540 1 boysandgirlsclub.com