Approval of Subordination, Non-Disturbance and Attornment (SNDA) Agreement with DBP 1-3, L.L.C., and the Riverside County Transportation Land Management Agency
Summary
SCH Number
2024060578
Public Agency
Riverside County
Document Title
Approval of Subordination, Non-Disturbance and Attornment (SNDA) Agreement with DBP 1-3, L.L.C., and the Riverside County Transportation Land Management Agency
Document Type
NOE - Notice of Exemption
Received
Posted
6/13/2024
Document Description
On July 16, 2013, the County of Riverside (County), entered into a lease agreement for 10,000 square feet of office space located at 77588 El Duna Ct., Palm Desert, (Lease), for use by the Transportation Land Management Agency (TLMA). The current Lessor, DBP 1-3, LLC has requested a loan to be secured by a deed of trust, pursuant to a Security Agreement, Assignment of Leases and Rents, and Fixture Filing. Goldman Sachs Bank USA (Lender) has requested execution of the attached Subordination, Non-Disturbance, and Attornment Agreement (SNDA) by the County.
By execution of this agreement, the County agrees to subordinate its leasehold estate to the liens in favor of the Lender which shall have no effect on prospective rights and obligations of the County, or the Lender as set forth in the Lease. In addition, in the event the Lender or its successor becomes the lessor, the County will recognize (attorn) the Lender or its successor as Lessor and the County’s rights and obligations shall remain the same (not disturbed) as set forth in the Lease for the remainder of the Lease term.
Contact Information
Name
Mike Sullivan
Agency Name
Riverside County
Job Title
Facilities Operations Manager
Contact Types
Lead/Public Agency / Project Applicant / Parties Undertaking Project
Phone
Email
Location
Cities
Palm Desert
Counties
Riverside
Regions
Citywide
Cross Streets
77588 El Duna Court, Suite H & I, west of El Viento Road, Palm Desert
Zip
922211
Parcel #
626-420-051
Notice of Exemption
Exempt Status
Categorical Exemption
Type, Section or Code
Class 1 Existing Facilities and 15061 b3 Common Sense
Reasons for Exemption
The project, as proposed, is limited to the revisions to contractual obligations of an existing lease for an existing building. The project would not increase or expand the use of the site; and the use is limited to the continued use of the site in a similar capacity.
County Clerk
Riverside
Attachments
Notice of Exemption
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