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CONTRACT 6955 OtherAgreement No. 6955 11♦ City of El Segundo 350 Main Street El Segundo, CA 90245 Dear Michael, Guaranty Escrow, El Segundo 116 West Grand Avenue El Segundo, CA 90245 Phone: (213) 204-2648 Fax: (424) 253-2189 Date: May 22, 2024 Order No.: 24-400348-JC Property: 910 Hillcrest Street El Segundo, CA 90245 We are pleased to inform you that your escrow is completed and closed on May 22, 2024. In connection therewith, we enclose the following: Final Closing Statement Copy of 1099 Form Copy of recorded Covenant Any recorded documents to which you are entitled will be mailed to you by the County Recorder's Office. We appreciate having had the opportunity to handle your transaction, and will be glad to assist you at any time in the future. Sincerely, Guaranty Escrow, El Segundo John Coyro Escrow Officer john.coyro@guaranty-escrow.com Phone: (424) 231-4644 Fax: (424) 237-1329 Closing Letter - Seller Order No.: 24-400348-JC Page 1 of 1 Agreement No. 6955 Fri This page is part of your document - DO NOT DISCARD 20240336084 �1:1�illillil�ilillill�illillili Recorded/Filed in Official Records Recorder's Office, Los Angeles County, California 06/22/24 AT 08:OOAM FEES: TAXES: OTHER: n 0.00 0.00 0.00 PAID: 0.00 LEADSHEET 111111111111111111111111111111111111111111111111111111111111111111111111111111 202405220210041 00024476733 nimmm��miiivaiii 014697486 SEQ: 03 SECURE - 8:00AM IIIIIIIIImIIIII�IIIIIIINVWIIIV�mII�IN�II�Vl�lll IHIIIIII�NVIVII��II�IIII�IIIII�IInIVIII��II THIS FORM IS NOT TO BE DUPLICATED 1500-2400159- E634519 UR REFERENCE Ul`LY : Z U 2 4 U J J b U dN4eement No. 6955 IWI / RECORDING REQUEST BY City of El Segundo Community Development Department 350 Main Street El Segundo, CA 90245 WHEN RECORDED MAIL TO Attn: Director of Community Development 350 Main Street El Segundo, California 90245 r .f "0 0 _ 1- yd C/ .4,17 SPACE ABOVE THIS LINE RESERVED, FOR RECORDER'S USE AFFORDABLE HOUSING RESTRICTION REGARDING FUTURE RESIDENTIAL DEVELOPMENT CALIFORNIA GOVERNMENT COO SECTION 54233 ANPi/QR 54233.5 Legal Description: 910 Hillcrest Street, El Segundo, CA 90245 APN: 4131-002-900 TR=1685 N 50 FT OF S 142.50 FT OF LOT 7 BLK 13 If ten (10) or more residential units are developed on the Property, not less than 15 percent of the total number of residential units developed on the property shall be sold or rented at affordable housing cost, as defined in Section 50052.5 of the California Health and Safety Code, or affordable rent, as defined in Section 50053 of the California Health and Safety Code, to lower income households, as defined in Section 50079.5 of the California Health and Safety Code. Rental units shall remain affordable to and occupied by lower income households for a period of 55 years for rental housing and 45 years for ownership housing. The initial occupants of all ownership units shall be lower income households, and the units shall be subject to an equity sharing agreement consistent with the provisions of paragraph (2) of subdivision (c) of 65915 of the California Government Code. These requirements shall be, covenants or restrictions rLInning with the land and shall be enforceable against any owner who violates a covenant or restriction and each successor -in -interest who continues the violation by any of the entities described in subdivisions (a) to (f), inclusive, of Section 54222.5 of the California Government Code. Date: Owner's Signature: Name: Darnell George, ity Manager Exempt from fee per GC 27388.1(e) (2) recorded concurrently "in connection Grath"a transfer subject to the imposition of documentary transfer tax (Must be signed before a notary public) APPROVED BY: & "- -��( ot-1. M:rhel Allen, AICP, Community Development Director Page 1 of 2 Agreement No. 6955 CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189 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�l County of Cos %'tom OnAoio g� before me, Venus L, I' ybj i bateHere Insert Name and Title o e Officer personally appeared 1E of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) i4are subscribed to the within instrument and acknowledged to me that t,/she/they executed the same in W/her/their authorized capacity(Mes), and that by hs/her/their signature(s) on the Instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. <' 'N NUS L. WESSON Notary Pubilc . Callfornia -' Mars Angeles County � commission # 2453201 y COMM f plres Jul 14„ 202'7 Place Notary Seal and/or Stamp Above 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 —Vt_144 Signo re of Notary Public Vr 1 1W14f4L Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document Description of Attached Doc Title or Type of Document: 2 Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer is Representing: 02019 National Notary Association Number of Pages: Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer is Representing: Agreement No. 6955 GUARANTY ESCROW' EL SEGUNDO Guaranty Escrow, El Segundo 116 West Grand Avenue El Segundo, CA 90245 (213) 204-2648 Seller's Final Closing Statement Property 910 Hillcrest Street Escrow Officer John Coyro Prepared 05/22/2024 El Segundo, CA 90245 Seller City of El Segundo Closing 05/22/2024 Escrow # 24-400348-JC Disbursement Date 05/22/2024 Title # 1500-2400159 Title by Fidelity National Title Company Primary Charges & Credits Debit Credit Sales Price of Property $1,340,00010w Government Recording and Transfer Charges CountyTransfer Tax (Deed) to Los Angeles County Recorder's Office $1,474.00 Recording Fee - Affordable Housing Covenant Commissions Listing Agent Commission to Tower-60 $33,500.00 Selling Agent Commission to Tower-60 $33,500.00 Title Charges Owner's Policy to Fidelity National Title Company Escrow Charges 1099 Processing Fee to Guaranty Escrow, El Segundo $2,821.00 $25.00 FeclEx Fee to Guaranty Escrow, El Segundo $50.00 Settlement or Closing Fee to Guaranty Escrow, El Segundo Wire Fee to Guaranty Escrow, El Segundo $3,332.00 $75.00 Miscellaneous Charges Maintenance/Utility expenses + Appraisal costs + Attorney/Staff time to City of El Segundo $57,614.13 Natural Hazard Disclosure Fee to MyNHD Net Proceeds per instructions to Los Angeles World Airport (LAWA) $94.95 $1,205,745.92 Site Preparation and Debris Removal to Tower-60 $1,738.00 Special Messenger Fee to South Bay Courier $30.00 Debit Credit Subtotals $1,340,000.00 $1,340,000.00 Due to Seller $0.00 Totals $1,340,000.00 $1,340,000.00 Produced by Guaranty Escrow, El Segundo Page 1 of 1 24-400348-JC Agreement No. 6955 AVOID r� CORRECTED 1 Date of closing OMB No. 1545-0997 FILER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number May 22, 2024 'Form 1099-5 Guaranty Escrow, El Segundo Proceeds From Real 116 West Grand Avenue 2 cross proceeds (Rev. January Estate Transactions El Segundo, CA 90245 2022) United States of America i For calendar year 213 204-2648 $1,340,000.00 t 2024 FILER'S TIN TRANSFEROR'S TIN 3 Address (including city, state, and ZIP code) or legal description Copy 85-1494822 95-6000706 910 Hillcrest Street El Segundo, CA 90245 For Filer TRANSFEROR'S name 4 Check here if the transferor received or will receive City of El Segundo Street address (including apt. no.) property or services as part of the consideration ► For Privacy Act 5 Check here if the transferor is a foreign person 350 Main Street and Paperwork fo (nonresident alien, foreign partnership, foreign estate, Reduction Act City or town, state or province, country, and ZIP or foreign postal code or foreign trust) . . . . . . . . . . . . Notice, see the El Segundo, CA 90245 current General Instructions for Certain Information Account number (see instructions) 6 Buyer's part of real estate tax 1$0.00 24-400348- JC Returns. Fonn 1099-S (Rev. I-2022). www.irs.gov/forml099s Department of the Treasury — Internal Revenue Service