HomeMy WebLinkAboutC-8316-7 - Harbor Island Drive, 829 - MOL 2025 (Tenant 4) "Balboa Yacht Basin"12/16/25, 3:03 PM
Batch 20343586 Confirmation
RECORDING REQUESTED AND
WHEN RECORDED RETURN TO:
City of Newport Beach
Attn: City Clerk's Office
100 Civic Center Drive
Newport Beach, CA 92660
Recorded in Official Records, Orange County
Hugh Nguyen, Clerk -Recorder
NO FEE
*$ R 0 0 1 5 9 5 7 1 5 2$
2025000348487 02:44 pm 12/16/25
869 Ex6A M11 9
0.00 0.00 0.00 0.00 24.00 0.00 0.00 0.00 0.00 0.00
[Exempt from Recordation Fee - Govt. Code §§ 6103 & 27383]
MEMORANDUM OF
AMENDMENT TO LEASE AGREEMENT
This Memorandum of Amendment to Lease Agreement ("Memorandum") is dated
October 31, 2025, and is made by and between City of Newport Beach, a California
municipal corporation and charter city ("City"), and PACMET AEROSPACE, LLC, a
California limited liability company, doing business as Pacific Metals Group ("Tenant"),
concerning the real property described in Exhibit "A," and depicted in Exhibit "B", both of
which are attached hereto and incorporated herein by this reference ("Property"). The City
and Tenant are collectively referred to herein as the "Parties."
For good and adequate consideration, City leased the Property to Tenant, and Tenant
leased the Property from City, for the term and on the provisions contained in that certain,
Lease Agreement Between the City of Newport Beach and Pacmet
Aerospace, LLC, a California limited liability company, doing business as
Pacific Metals Group, dated November 1, 2022 ("Lease"),
a copy of which is on file in the Office of the City Clerk, and as evidenced by that certain,
Memorandum of Lease Agreement, dated November 1st, 2022, recorded
February 7, 2023, as Instrument No. 2023000027115 in the Official Records
of Orange County,
which includes, without limitation, provisions prohibiting assignment, subleasing, and
encumbering said leasehold without the express written consent of City in each instance,
and a first right of refusal to purchase the Property subject to City's compliance with
applicable surplus property statutes, all as more specifically set forth in said Lease, which
said Lease is incorporated in this Memorandum by this reference.
https://gs.secure-erds.com/Batch/Confirmation/20343586 1/4
RECORDING REQUESTED AND
WHEN RECORDED RETURN TO:
City of Newport Beach
Attn: City Clerk's Office
100 Civic Center Drive
Newport Beach, CA 92660
[Exempt from Recordation Fee - Govt. Code §§ 6103 & 273831
MEMORANDUM OF
AMENDMENT TO LEASE AGREEMENT
This Memorandum of Amendment to Lease Agreement ("Memorandum") is dated
October 31, 2025, and is made by and between City of Newport Beach, a California
municipal corporation and charter city ("City"), and PACMET AEROSPACE, LLC, a
California limited liability company, doing business as Pacific Metals Group ("Tenant"),
concerning the real property described in Exhibit "A," and depicted in Exhibit "B", both of
which are attached hereto and incorporated herein by this reference ("Property"). The City
and Tenant are collectively referred to herein as the "Parties."
For good and adequate consideration, City leased the Property to Tenant, and Tenant
leased the Property from City, for the term and on the provisions contained in that certain,
Lease Agreement Between the City of Newport Beach and Pacmet
Aerospace, LLC, a California limited liability company, doing business as
Pacific Metals Group, dated November 1, 2022 ("Lease"),
a copy of which is on file in the Office of the City Clerk, and as evidenced by that certain,
Memorandum of Lease Agreement, dated November 1st, 2022, recorded
February 7, 2023, as Instrument No. 2023000027115 in the Official Records
of Orange County,
which includes, without limitation, provisions prohibiting assignment, subleasing, and
encumbering said leasehold without the express written consent of City in each instance,
and a first right of refusal to purchase the Property subject to City's compliance with
applicable surplus property statutes, all as more specifically set forth in said Lease, which
said Lease is incorporated in this Memorandum by this reference.
For good and adequate consideration, the Parties subsequently entered into that certain,
Amendment to Lease Agreement by and between the City of Newport
Beach and Pacmet Aerospace, LLC, a California limited liability company,
doing business as Pacific Metals Group ("Amendment"),
a copy of which is on file in the Office of the City Clerk, to amend the term of the Lease
to six (6) years, beginning November 1,2022, and ending November 1, 2028.
This Memorandum is not a complete summary of the Lease or the Amendment.
Provisions in this Memorandum shall not be used in interpreting the Lease or the
Amendment's provisions. In the event of conflict between the terms of this Memorandum,
on the one hand, and the terms of the Lease or the Amendment, on the other hand, the
terms of the Lease or the Amendment shall control.
[Signatures on the next page]
IN WITNESS WHEREOF, the parties hereto have executed this Memorandum as
of the dates written below.
APPROVED AS TO FORM:
CITY ATTORNEY'S OFFICE
Date: ors/17201zs
By:
Aa n C. Harp ti5
City Attorney
ATTEST:
Date: �2� �/—
LESSOR: CITY OF NEWPORT BEACH,
a California municipal corporation and
charter city
Date: oZ-
By: 74:02
Grace K. Leu
City Manager
TENANT: PACMET AEROSPACE, LLC,
California limited liability company
Date:
By: By:
Lena Shumway
City Clerk
Signed in Counterpart
David A. Janes
Managing Member
[END OF SIGNATURES]
Tenants must sign in the presence of notary public
ATTACHMENTS: Exhibit A — Property Description
Exhibit B — Property Depiction
IN WITNESS WHEREOF, the parties hereto have executed this Memorandum as
of the dates written below.
APPROVED AS TO FORM: LESSOR: CITY OF NEWPORT BEACH,
CITY ATTORNEY'S OFFICE a Califomia municipal corporation and
charter city
Dater Date:
By- By:
Aa n C. Harp Grace K. Leung
City Attorney City Manager
ATTEST:
Date:
Lena Shurnway
City Clerk
TENANT: PACMET AEROSPACE, LLC,
California liknited liability company
Date: It II Its
Dq/VA. Pnes
ManaginMember
Tenants must sign in the presence of notary public
ATTACHMENTS: Exhibit A — Property Description
Exhibit 6 — Property Depiction
ACKNOWLEDGMENT
A notary public or ether 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 Oc-P,ny e
On _) 1) , 20 'Z - before me. Ky � Wa 1i h q
Notary Public, personally appeared _... _... (Sr1y �l , who
proved to me on the basis of satisfactory evidence to be the pe-rson(s) whose name(s) isiar e
subscribed to the within instrument and acknowledged to me that helshetthey 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.
O
WITNESS my l sand and official seal, NotaKYLE WOLTING ry Public - CaliforniaOrange County
Commission # 2501671
My Comm. Expires Oct 7, 2028
Sionature (Seal)
,+ CK OWLEDG ENT
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 Caf orriia
County of 0 pa -,I U,
On tS , 20 Z' before me, I NN i F t O,
Notary Public, personally appeared S-E4 ilk 0 iy 6 ')ox's 15
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 hetshelthey executed the same in
hislher.4heir 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.
l certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
*my
JENNIFER ANN MIJLVEY
Notary Public -California
Orange County
Commission # 2535709(Seal) Comm. Expires Oct 16, 2029
EXHIBIT A
Property Legal Description and Depiction
A parcel of land situated in the Northwest quarter (NW 1/4) of Section Thirty Five (35),
Township Six (6) South, Range Ten (10) West, S.B.B.& M., Orange County, California,
more particularly described as follows, to -wit:
Beginning at a point in the U.S. Bulkhead line between Station No. 200 and Station No.
101 as shown upon a map entitled "Harbor Lines, Newport Bay Harbor, California,"
approved May 2, 1936, by the Secretary of War, and on file in the office of the U.S. District
Engineer at Los Angeles, California, said point of beginning being East 754.25 feet of
said bulkhead Station No. 200, running thence North 424.71 feet to a point in the Northerly
line of that certain parcel of land conveyed to City of Newport Beach by the Irvine
Company, as described in a deed recorded September 25, 1929, in Book 306, Page 375,
of official records of Orange County, California; thence South 85' 43' East 772.15 feet to
the Northeasterly corner of the last mentioned parcel of land; thence South along the
Easterly line of the last mentioned parcel of land 367.01 feet to a point in said U.S.
Bulkhead line between Station No. 200 and Station No. 101, thence West along said
bulkhead line 770 feet to the point of beginning, containing approximately seven (7) acres.
EXHIBIT B
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