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HomeMy WebLinkAboutCDC/1999-07 1 2 3 4 5 6 7 8 RESOLUTION NO. CDc/1999-7 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING A CERTAIN AGREEMENT FOR THE EXCLUSIVE RIGHT TO NEGOTIATE FOR PROPERTY ACQUISITION AND DEVELOPMENT ASSISTANCE BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND CENTURY CROWELL COMMUNITIES, LP 9 of San Bernardino (the "Commission") is the governing body of the WHEREAS, the Community Development Commission of the City 10 Redevelopment Agency of the City of San Bernardino (the "Agency"), 11 a public body of the State of California, organized and existing 12 pursuant to the Community Redevelopment Law (Health and Safety Code 13 Section 33000, et ~.); and 14 15 16 Exclusive Right to Negotiate for Property Acquisition and WHEREAS, the Agency desires to enter into that certain 17 Redevelopment Assistance (the "Agreement") with Century Crowell 18 Communities, LP, a California limited partnership (the "Developer") 19 for the coordination of mutual planning and consideration of the 20 acquisition, reuse and redevelopment of certain real property 21 presently under the control of the Agency, as more fully described 22 therein (the "Site"); and 23 24 WHEREAS, the Site is situated in the redevelopment 25 proj ect area of the Northwest Redevelopment proj ect Area and 26 consists of an assembly of lands including approximately fourteen 27 and sixty eight hundredths (14.68) acres; and 28 - 1 - CDc/1999-7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the Developer and the Agency believe that consideration of the final logistical details of the disposition of the Site by the Agency to the Developer is necessary and appropriate at this time. NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. attached hereto as The Agreement with the Developer in the form Exhibi t "An and incorporated herein by this reference is hereby approved. Section 2. The Executive Director of the Agency is hereby authorized to execute the Agreement on behalf of the Agency in substantially the form attached hereto, together with such changes therein as may be approved by Agency Special Counsel. The Executive Director or such other designated representative of the Agency is further authorized to do any and all things and take any and all actions as may be deemed necessary or advisable to effectuate the purposes of the Agreement. III III III - 2 - CDc/1999-7 1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING A CERTAIN AGREEMENT FOR THE EXCLUSIVE 2 RIGHT TO NEGOTIATE FOR PROPERTY ACQUISITION AND DEVELOPMENT ASSISTANCE BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF 3 SAN BERNARDINO AND CENTURY CROWELL COMMUNITIES, LP 4 5 6 date of its adoption. Section 3. This Resolution shall take effect upon the 7 8 I HEREBY CERTIFY that the foregoing Resolution was duly 9 adopted by the Community Development Commission of the City of 10 San Bernardino at a ;oint re9;Ular 15th day of February, 1999, by the following vote, to wit: ~;~~"uti n is r;bY approved this \J+ro Judi th/;p1fl~;~-{;airperson Commu~ity Development Commission of thE( Ci ty of San Bernardino 11 the 12 Commission Members: AYES meeting thereof, held on NAYS ABSTAIN ABSENT 13 ESTRADA LIEN 14 McGINNIS SCHNETZ 15 DEVLIN ANDERSON 16 MILLER x ~ ~ ~ -X- ~ ~ 17 18 19 20 21 22 day of The foregoing February 23 content: 24 By: 25 SBEO/0001/DOC/3449 26 2/5/99 1000 ct 27 28 - 3 - .. CDC/99-7 EXCLUSIVE RIGHT TO NEGOTIATE FOR PROPERTY ACQUISITION AND REDEVELOPMENT ASSISTANCE BETWEEN CENTURY CROWELL COMMUNITIES, LP AND THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO THIS EXCLUSIVE RIGHT TO NEGOTIATE FOR PROPERTY ACQUISITION AND REDEVELOPMENT ASSISTANCE, is dated as of February /5, 1999 (the "Agreement") and entered into by and between Century Crowell Communi ties, LP, a California limited partnership (the "Developer") and the Redevelopment Agency of the City of San Bernardino (the "Agency") with respect to the coordination of mutual planning and consideration of the acquisition, reuse and redevelopment of certain real property presently under the control of the Agency (the "Site"), as more fully described below, upon the following terms and conditions: -- RECITALS The Site is situated in the redevelopment project area of the Northwest Redevelopment Project Area and consists of an assembly of lands including approximately fourteen and sixty eight hundredths (14.68) acres, more or less. The Developer and the Agency believe that consideration of the final logistical details of the disposition of the Site by the Agency to the Developer on the terms outlined in the Agency Staff memorandum dated January 28, 1999 (the "Agency Staff Memorandum") is necessary and appropriate. A plot plan showing the general location of the Site in relation to surrounding lands, together with a legal description of the Site is attached hereto as Exhibit "A." THEREFORE, IN VIEW OF THE GOALS AND OBJECTIVES OF THE AGENCY RELATING TO THE IMPLEMENTATION OF THE REDEVELOPMENT PLAN FOR THE NORTHWEST REDEVELOPMENT PROJECT AND THE COVENANTS AND PROMISES OF THE PARTIES RELATING TO THE SITE AS SET FORTH HEREIN THE DEVELOPER AND THE AGENCY AGREE AS FOLLOWS: 1. Developer Receipt of Agency Staff Memorandum. The Developer hereby acknowledges its receipt from the Agency Executive Director of the Agency Staff Memorandum, which relate to the general economic terms on which the Developer may hereafter acquire the Site from the Agency. The Developer further acknowledges and agrees that no provision of the Agency Staff Memorandum shall be SBEO/000l/DOC/3447 2/4/99 420 ct 1 '-U~I CDC/99-7 deemed to be an offer by the Agency to convey any interest in the Site to the Developer. Each of the various studies relating to the Site which may be undertaken by the Developer in its discretion with respect to any matter relating to the Agency Staff Memorandum shall be the sole responsibility of the Developer and no such study shall be deemed to have been undertaken for the benefit of the Agency. 2. Term of Agreement. The rights and duties of the parties established by this Agreement shall commence within seven (7) calendar days following the date of approval of the Agreement by the Agency upon the acceptance of this Agreement by the Developer as provided in Paragraph 22, and thereafter this Agreement shall terminate and be of no further force or effect one hundred and eighty (180) days after such date, unless prior to that time: (i) the parties execute a separate disposition and development agreement (the "Site DDA") for a specific program of disposition, reuse and redevelopment of the Site to be undertaken by the Developer in accordance wi th the terms of the Agency Staff Memorandum, the other relevant affordable housing development community redevelopment covenants acceptable to the Agency and such other terms and conditions acceptable to the parties; or (ii) the parties each agree to further extend the term of this Agreement to a specific date, subject to the Agency first making a finding that satisfactory progress is being made to complete the logistical details of the acquisition of the Site on terms which are acceptable to the Agency in its sole and absolute discretion. The initial term of this Agreement (and all extensions of time approved by the Agency) is referred to in this Agreement as the "Negotiation Period." 3. Exclusive Riaht to Neaotiate Charge Payable by the Developer to the Agency. a. By a date no later than 4:30 p.m. on the seventh (7th) calendar day following the date of approval of this Agreement by the Agency, the Developer shall deliver to the Agency the sum of Ten Thousand Dollars ($10,000) (the "Exclusive Right to Negotiate Charge") which sum shall upon receipt be the property of SBEO/0001/DOC/3447 2/4/99 420 ct 2 Ci:lC;:?'9~-7 CDCj99-7 the Agency. The Agency shall use and apply the Exclusive Negotiate Charge as provided under either Paragraph Paragraph 3(c), below. Right to 3(b) or b. Provided that the draft Site DDA which has been executed by the Developer and submitted to the Agency Executive Director prior to the expiration of the Negotiation Period, and thereafter the Site DDA is accepted and approved by a resolution duly adopted by the Agency, in its sole and absolute discretion, the Exclusive Right to Negotiate Charge shall be applied as a credit purchase price payable by the Developer to the Agency for the acquisition of the Site. c. Provided that the Developer has negotiated diligently and in good faith to carry out its obligations hereunder, and thereafter the Agency may fail to approve the final form of the Site DDA before the end of the Negotiation Period, then in such an event, the Exclusive Right to Negotiate Charge shall be returned by the Agency to Developer promptly following written request from the Developer. d. THE PARTIES AGREE THAT IT WOULD BE IMPRACTICAL OR EXTREMELY DIFFICULT TO DETERMINE PRIOR TO THE EXECUTION OF THIS AGREEMENT THE ACTUAL DAMAGES WHICH WOULD BE SUFFERED BY THE AGENCY IF THE DEVELOPER FAILS TO PERFORM ITS OBLIGATIONS UNDER THIS AGREEMENT AFTER THE DATE OF ACCEPTANCE BY THE DEVELOPER. THEREFORE, EXCEPT AS PROVIDED IN PARAGRAPH 3(c), UPON THE DATE OF ACCEPTANCE OF THIS AGREEMENT BY THE DEVELOPER, THE AGENCY SHALL BE ENTITLED TO THE REMEDY OF LIQUIDATED DAMAGES IN THE AMOUNT OF TEN THOUSAND DOLLARS ($10,000) AND UPON PAYMENT OF SUCH SUM TO THE AGENCY, THE DEVELOPER SHALL BE RELEASED FROM ANY FURTHER LIABILITY TO THE AGENCY EXCEPT AS TO THE INDEMNITY COVENANTS OF THE DEVELOPER IN FAVOR OF THE AGENCY AS MAY ARISE UNDER PARAGRAPH 1 (b) OF THIS AGREEMENT. / / Developer of Agency I 4. The proj ect. The Developer hereby agrees to take all reasonable actions required or necessary for determining the feasibili ty of the reuse and redevelopment of the Site for the development of affordable single family housing (the "projectU) at its sole cost and expense. A conceptual description of the Project is set forth in the Agency Staff Memorandum. It is the responsibility of the Developer during the Negotiation Period to present further refinement of this general description of the SBEO/0001/DOC/3447 2/4/99 420 ct 3 CDC/9.9-7 Project to the Agency for its review and consideration. In this respect the parties each acknowledge that the task of further refinement of the general description of the Proj ect is in the nature of an iterative process which involves a number of different factors. The parties further acknowledge that the completion of this iterative process as it relates to the Site and the Project may require that the parties consider various alternate structures for the payment of the purchase price to the Agency for the Site in order to promote the affordable single family housing budget goals for the Project on terms which are economically feasible and mutually satisfactory to the parties. 5. Obligations of the Developer. During the Negotiation Period, the Developer shall proceed diligently and in good faith to: a. Review, comment on and submit to the Agency Executive Director an executed copy of the draft Site DDA by a date no later than one hundred eighty (180) days after the approval of this Agreement by the Agency (or such later date which corresponds wi th an authorized extension of the Negotiation Period under Paragraph 2(ii)), which incorporates the relevant provisions of the Agency Staff Memorandum and such other terms and conditions acceptable to the Developer and the Agency staff (in the sole and absolute discretion of the parties, and which is subject to no conditions or contingencies on the part of the Developer except final approval by the governing board of the Agency and the completion of the customary due diligence investigations and the delivery of a policy of title insurance by the Agency in favor of the Developer with respect to the Site; b. Prepare and complete marketing plans and feasibility studies its discretion, believe are indicated; reuse and redevelopment as the Developer may, in c. Keep the Agency advised as to the progress of the matters noted above on a regular basis. 6. Agency Not To Negotiate With Others. The Agency acknowledges that it deems the disposition and reuse and redevelopment of the Site to be necessary and that the Developer appears to be well qualified to undertake the task of finalizing the logistical details relating to the acquisition, reuse and redevelopment of the Site in a manner which is compatible with the redevelopment objectives of the Redevelopment Plan. SBEO/0001/DOC/3447 2/4199 420 ct 4 . CDC/QQ-7 During the Negotiation Period, the Agency shall not negotiate with any other person or entity for the purpose of considering either the disposition of the Site or considering the reuse and redevelopment of the proj ect on the Site. The term "negotiate" as used herein shall be deemed to preclude the Agency from accepting any other proposal from third parties to either acquire any interest in the Site (in whole or in part) or from accepting any other development proposal affecting the Site from persons or entities other than the Developer, and from discussing other reuse and redevelopment plans for the Site with third persons or entities; provided however, any person may submit and the Agency may consider any proposal for the disposition and/or redevelopment of any lands adjacent to the Site. During the Negotiation Period, the Agency shall not be precluded, however, from furnishing to other persons or entities unrelated to the Developer information in the possession of the Agency relating to the Redevelopment Plan for the Northwest Redevelopment Project, and the implementation of the Redevelopment Plan, shall remain within the sole and exclusive purview of the Agency to administer. The Agency may also provide any other information in its possession which would customarily be furnished to persons requesting information from the Agency concerning its activities, goals, and matters of a similar nature. 7. Agency Cooperation. During the Negotiation Period the Agency shall use its best efforts to: a. Assemble at the request of the Developer written materials and documents relating to the Site which are in the possession or reasonably available to the Agency and provide appropriate comment to the Developer with respect to one or more conceptual development plans as may be proposed by the Developer for the Proj ect and the reuse and redevelopment of the Site, including but not limited to conceptual plans or studies of vacation, realignment or abandonment of public property and facilities, the installation and improvement of public improvements and the completion of all required environmental evaluation of the proj ect. b. Provide the Developer with limited access to the Site during the Negotiation Period for the purpose of conducting customary due diligence investigations thereon, including environmental investigations of the subsurface or any structure thereon, subject to the customary terms and conditions of an environmental investigation and inspection license agreement which SBEO/0001/DOC/3447 2/4/99 420 ct 5 . CDC/99-7 protect the interests of the Agency in a form approved by the Executive Director. 8. Negotiation of Site DDA. During the Negotiation Period the Agency and Developer shall negotiate diligently and in good faith to prepare and enter into the Site DDA and each of the parties shall exert best efforts to complete discussions relating to the final logistical terms and conditions of a draft Site DDA and such other matters as may be mutually acceptable to the parties for the reuse and redevelopment of the Site and the Project. 9. Consideration for Aareement and Reservation of Rights. In consideration for the Agency's entering into this Agreement, the Developer will, on a best efforts and good faith basis, undertake its obligations pursuant to this Agreement. The parties agree that in the event this Agreement may terminate or that the Agency may fail to extend the Negotiation Period or in the event that a Site DDA may not be finally approved by the Agency for any reason, neither party shall be under any further obligation to the other, except as may arise under Paragraph 7(b). 10. Planning and Design - Related Acknowledgments of the Parties. Development standards and design controls for the Project shall be established between the Developer and the Agency, and it is understood that the Project and the reuse of the Site shall conform Agency development and architectural standards and to the objectives and controls established in the Redevelopment Plan. Drawings, plans and specifications for the Project shall be subject to the approval of the Agency, which approval shall not be unreasonably withheld. The Agency shall fully cooperate with the Developer's professional associates in providing information and assistance in connection with the Developer's preparation of drawings, plans and specifications. 11. Developer Financial Disclosures. The Developer acknowledges that it may be requested to make certain confidential financial disclosures to the Agency, its staff or legal counsel as part of the financial due diligence investigations of the Agency relating to the acquisition of the Site on the terms designated by the Developer. The parties recognize that such financial disclosures may contain sensitive information relating to other business transactions of the Developer and that the disclosure of such information to third parties could impose commercially unreasonable and/or anticompetitive burdens on the Developer, and correspondingly diminish the value or fiscal benefit which may accrue to the Agency upon the disposition of the Site. Accordingly, the Agency agrees to maintain the confidentiality of SBEO/000l/DOC/3447 2/4/99 420 ct 6 . CDC/9.9-7 any business records described in Government Code Section 6254.15 as may be provided by the Developer to the Agency and its consul tants to the maximum extent permitted by law. The Agency shall not provide a copy of any business record protected from disclosure under Government Code Section 6254.15 to a third party unless the Developer has first consented to such a disclosure in writing or unless a court of competent jurisdiction has compelled such a disclosure. 12. Developer Acquires No Interest in Property or in the Site from the Agency. The Developer hereby acknowledges that it has not acquired, pursuant to this Agreement, any legal or equitable interest in real property or in the Site from the Agency. 13. Nondiscrimination. The Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Site or the proj ect nor shall the Developer establish or permit any such practice of discrimination or segregation with selection, location, number, use, or occupancy of tenants, lessees, subleases, subtenants, or vendees of the land. 14. Default. a. Failure or delay by either party to perform any material term or provision of this Agreement shall constitute a default under this Agreement; provided however, that if the party who is otherwise claimed to be in default by the other party commences to cure, correct or remedy the alleged default within fifteen (15) calendar days after receipt of written notice specifying such default and shall diligently complete such cure, correction or remedy, such party shall not be deemed to be in default hereunder. The party which may claim that a default has occurred shall give written notice of default to the party in default, specifying the alleged default. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default; provided, however, the injured party shall have no right to exercise any remedy for a default hereunder without delivering the written default notice as specified herein. Any failure to delay by a party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a SBEO/0001/DOC/3447 2/4/99 420 ct 7 CDC/99-7 defaul t. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. In the event that a default of either party may remain uncured for more than fifteen (15) calendar days following written notice, as provided above, a "breach" shall be deemed to have occurred. In the event of a breach, the party who is not in default shall be entitled to terminate this Agreement. 15. [RESERVED -- NO TEXTl . 16. Compliance with Law. The Developer acknowledges that under the Site DDA it shall be required (among other things) to carry out the construction of certain improvements in conformity with all applicable laws, including all applicable planning and zoning laws, environmental planning and safety laws and federal and state labor standards. 17. No Assignment of Agreement. This Agreement shall not be assigned by the Developer(except to a new or successor entity in which the principals of the Developer have an ownership interest and management control) without prior written approval of the Agency, which the Agency may grant or refuse at its sole discretion. 18. Agency Support. The Agency shall cooperate in providing Developer with appropriate information in its possession as it relates to the Site provided that the Agency shall not be obligated to incur any cost or expense therefor. 19. Required Approvals. No Site DDA between the parties shall have any force or effect nor shall the Agency be deemed to be a party to any arrangement for the disposition of land to the Developer until the terms and conditions of the Site DDA have been considered and approved by the Agency following the conclusion of a public hearing as required by law. 20. Press Releases. The Developer agrees to discuss any press releases it may propose relating to the Site with a designated Agency representative prior to publication in order to assure accuracy and consistency of the information. SBEO/0001/DOC/3447 2/4/99 420 ct 8 CDC/99-7 21. Notice. All notices required hereunder shall be presented in person or by FAX and confirmed by First Class United States mail with return receipt requested. Notice shall be deemed confirmed by United States mail effective the second business day after deposit with the United States postal service. Notice by personal service shall be deemed effective upon receipt. Either party may change their address for receipt of notice by notifying the other party. TO DEVELOPER: Century Crowell Communities, LP 1535 South "0" Street, Suite 200 San Bernardino, California 92408 Attn: John Pavelak, President (909) 381-6007 TO AGENCY: Redevelopment Agency of the City of San Bernardino 201 North "E" Street, Suite 301 San Bernardino, California 92401 Attn: Executive Director (909) 384-5081 22. Acceptance of Agreement by the Developer. The Developer shall acknowledge its acceptance of this Agreement by delivering the Exclusive Right to Negotiate Charge in cash or available funds to the Agency by no later than 4:30 p.m. on the seventh (7th) calendar day following the approval of the Agreement by the Agency, together with two (2) counterpart executed copies of this Agreement siged by an authorized officer of the Developer. 23. Authority. represents and warrants that he this Agreement on behalf of the This Agreement may be executed Each signatory to this Agreement or she has the authority to execute principal who he or she represents. by the parties in counterpart. SBEO/0001/DOC/3447 2/4/99 420 ct 9 CDC/99-7 IN WITNESS WHEREOF, the undersigned have executed this Agreement on the dates indicated next to each of their signatures as appear below. DEVELOPER 3, _S._C'\'2t , '\ Century Crowell Communities, LP a California limited partnership By: Century Homes Communities, a California c rporation Its: Gene a artner Date: AGENCY Date: :> - -5 - 1'9' 1- . (\ -"l "') A Counsel FORM: SBEO/0001/DOC/3447 2/4/99 420 ct 10