HomeMy WebLinkAboutR33-Economic Development Agency
ECONOMIC DEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO
FROM: Gary Van Osdel
Executive Director
SUBJECT:
HI-WAY AUTO RECYCLERS
DATE: February 19,2002
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Svnopsis of Previous Commission/Council/Committee Action(s):
On December 9, 2000, the Redevelopment Committee reviewed a letter of interest from Hi Way Auto Recyclers for the
acquisition 00.61 acreS of Agency owned land.
On February 24, 2000, the Redevelopment Committee recommended the Commission consider the disposition of real
property to Hi Way Auto Recyclers.
On August 7, 2000, the Mayor and Common Council and the Community Development Commission conducted a joint
public hearing, and adopted Resolution No. 's 2000-248 and CDC 2000-26 authorizing the execution of a disposition and
development agreement with Hi Way Auto Recyclers.
On February 5, 2001, the Community Development Commission adopted Resolution No. CDC 2001-7 authorizing an
extension of six months for due diligence investigations.
On October 15,2001, the Community Development Commission adopted Resolution No. 2001-42 authorizing an
extension of the Closing Date an additional six months to March 21, 2001.
On February 7, 2002, the Redevelopment Committee recommended the Commission approve Amendment No.3 to the
Disposition and Development Agreement with Hi Way Auto Recyclers.
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Recommended Motion(s):
(Community Development Commission)
MOTION:
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN
BERNARDINO APPROVING AND AUTHORIZING THE EXECUTNE DIRECTOR TO
EXECUTE AMENDMENT NO.3 TO DISPOSITION AND DEVELOPMENT AGREEMENT BY
AND BETWEEN REDEVELOPMENT AGENCY OF THE CITY OF THE CITY OF SAN
BERNARDINO AND HI-WAY AUTO RECYCLERS, LLC.
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Contact Person(s): Gary Van Osdel/Margaret Park, AICP
Project Area(s) Northwest Project Area
Phone:
663-1044
Six (6)
Ward(s):
Supporting Data Attached: 0 Staff Report 0 Resolution 0 Agreement 0 Map 0 Letter/Memo
N/A
N/A
Source:
SIGNATURE:
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Commission/Council Notes:
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GVO:MEP:sjj:3-4-02 Hi-Way Amend No. 3SR
COMMISSION MEETING AGENDA
Meeting Date: 03/04/2002
Agenda Item Number: R 3 3
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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Hi-Wav Auto Recvclers
BACKGROUND
On August 7, 2000, the Community Development Commission approved a Disposition and
Development Agreement (DDA) with Hi-Way Auto Recyclers for the sale of the 3.61-acre site
owned by the Agency located between Industrial Parkway and Interstate 215 (see attached map).
Subsequently, on February 5, 2001 the Commission approved Amendment No. I authorizing an
additional six months for the developer to complete due diligence investigations. In accordance
with said amendment, the developer delivered the Due Diligence Certificate on July 26, 200 I.
On October 15,2001 the Commission approved Amendment No.2 authorizing an extension of
the escrow closing date for an additional six months to allow the Developer to complete
entitlement processing. On February 7, 2002, the Redevelopment Committee recommended the
Commission approve Amendment No.3 to the Disposition and Development Agreement with Hi
Way Auto Recyclers.
CURRENT ISSUE
At the time this item was presented to the Community Development Commission for the second
amendment, the Developer had been recently approved under CUP 00-28 and the Developer was
researching materials needed for construction and final cost estimates. The proper materials were
difficult to find and to date, construction plans have not been submitted, leaving only 6 weeks
until the escrow closing date of March 21, 2002 at which time building permits must be secured
and financing in place. In response to a request by the Developer, City and Agency staff arranged
a construction "kick-off' meeting with the Developer to resolve any outstanding issues and
discuss timelines for submittal of plan and completion of construction. The Developer is working
with the necessary construction professionals at this time to prepare all necessary plans.
The Developer is requesting a four (4) month extension of the Agreement to July 26, 2002 so
that all permits can be obtained. A cooperative effort was begun at the January 28, 200 I "kick-
off' meeting by Agency and City staff to provide processing assistance and by the Developer
who has also committed to preparing complete plans quickly to meet the agreed upon deadlines.
As of the writing of this staff report, the Development Services Department has approved the
Minor Modification Permit and detailed improvement plans are being prepared for submittal.
If the Developer is unable to meet this extension, the DDA will be void and the Developer would
have to enter into a new DDA with the Agency. This property sale and new development would
result in the sale of Agency property producing $180,702 in land sales proceeds and estimated
annual tax increment of$14,000.
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GYO:MEP:sjj:3-4-02 Hi-Way Amend No. 3SR
COMMISSION MEETING AGENDA
Meeting Date: 03/04/2002
Agenda Item Number: If 3.3
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Economic Development Agency Staff Report
Hi-Way Auto
February 19,2002
Page 2
ENVIRONMENTAL IMPACT
This Disposition and Development Agreement meets California Environmental Quality Act
requirements under the previously adopted Program EIR for the Northwest Redevelopment
Project and the development project itself was approved under CUP 00-28 with a Mitigated
Negative Declaration.
FISCAL IMPACT
Sale of the Site will produce $180,702 in land sales proceeds, and result in an estimated $14,000
in annual tax increment.
RECOMMENDATION
That the Community Development Commission adopt the attached resolution approving
Amendment No.3 to the Disposition and Development Agreement by and between the Agency
and H~ Auto Recyclers, LLC.
<
L/"~
Cary V;m Osdel
Exec~ive Director
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GVO:MEP:sjj:3-4-02 Hi-Way Amend No. 3SR
COMMISSION MEETING AGENDA
Meeting Date: 03/04/2002
Agenda Item Nnmber: R.33
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RESOLUTION NO:
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO APPROVING AND
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
AMENDMENT NO. 3 TO DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO AND HI-WAY AUTO RECYCLERS,
LLC
WHEREAS, the Community Development Commission of the City of San Bernardino
(the "Commission") is the governing body of the Redevelopment Agency of the City of San
Bernardino (the "Agency"), a public body corporate and politic, organized and existing
pursuant to the Community Redevelopment Law (California Health and Safety Code Section
33000, et seq.); and
WHEREAS, the Agency and Hi-Way Auto Recyclers, LLC, a California limited
liability company (the "Developer") entered into that certain 2000 Disposition and
Development Agreement dated as of August 14, 2000 (the "2000 Disposition and
Development Agreement") for the purpose of implementing the Redevelopment Plan for the
Northwest Redevelopment Project by providing for the purchase and redevelopment of
certain unimproved lands by the Developer (the "Property"); and
WHEREAS, the Developer encountered unexpected delays in completing its due
diligence investigation regarding the Property and requested that certain provisions of the
2000 Disposition and Development Agreement be amended to extend the period of time in
which the Developer's due diligence investigation of the Property was to be completed; and
WHEREAS, the Agency approved an amendment ("Amendment No.1") to the 2000
Disposition and Development Agreement (the 2000 Disposition and Development
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Agreement as amended by Amendment No. I being hereinafter referred to as the "Amended
2000 Disposition and Development Agreement"), extending the period of time in which the
Developer's due diligence investigation of the Property was to be completed; and
WHEREAS, on July 26, 2001, the Developer delivered to the Agency its Due Diligence
Approval Certificate (as that term is defined in the Amended 2000 Disposition and
Development Agreement) with respect to the Property; and
WHEREAS, the Amended 2000 Disposition and Development Agreement provided
that the Closing Date (as that term is defined in the Amended 2000 Disposition and
Development Agreement) of the escrow established in connection with the sale of the
Property by the Agency to the Developer (the "Escrow") was to be sixty (60) days after
delivery of the Due Diligence Approval Certificate; and
WHEREAS, the Amended 2000 Disposition and Development provided that on or
before 12:00 noon on the business day preceding the Closing Date, the Developer was to
deliver to the Escrow Holder (as that term is defined in the Amended 2000 Disposition and
Development Agreement), among other things, evidence of construction financing in favor of
the Developer already funded for the Project (as that term is defined in the Amended 2000
Disposition and Development Agreement); and
WHEREAS, subsequent to the delivery by the Developer of the Due Diligence
Approval Certificate, the Developer requested an extension of the period of time between
delivery of the Due Diligence Approval Certificate and the Closing Date so that it could meet
its obligation to deliver evidence of construction financing already funded for the Project;
and;
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WHEREAS, the Developer has now requested a further extension of the period of time
between delivery of the Due Diligence Approval Certificate and the Closing Date so that it
can meet its obligation to deliver evidence of construction financing already funded for the
Project and, as additionally required by the Agreement, deliver evidence of the ability of the
Developer to obtain building permits from the City of San Bernardino and any other required
permits, licenses or approvals for the Project; and
WHEREAS, the Agency is willing to extend further the period of time between
delivery of the Due Diligence Approval Certificate and the Closing Date; and
WHEREAS, Amendment No.3 to the DDA ("Amendment No.3") has been presented
to this Commission for approval.
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.
The Commission hereby approves Amendment No.3 attached hereto as
Exhibit "A".
Section 2. The Executive Director of the Agency is hereby authorized to execute
Amendment No.3 on behalf of the Agency in substantially the form attached hereto, together
with such changes therein as may be approved by the Executive Director and 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 Amendment No.3.
Section 3. This Resolution shall become effective immediately upon its adoption.
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A RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING
AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
AMENDMENT NO. 3 TO DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO AND HI-WAY AUTO
RECYCLERS, LLC
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community
Development Commission of the City of San Bernardino at a
meeting
thereof, held on the day of , 2002, by the following vote, to wit:
10
II Commission AYES NAYS ABSTAIN ABSENT
ESTRADA
12 LIEN
MCGINNIS
13 DERRY
e SUAREZ
14 ANDERSON
McCAMMACK
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Secretary
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The foregoing Resolution is hereby approved this _ day of
,2002.
Judith Valles, Chairperson
Community Development Commission
of the City of San Bernardino
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"l1Iomas Guide San Bomarcfono County, 1997 Edidon
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2 EXHIBIT "A"
3 AMENDMENT NO.3
TO
4 2000 DISPOSITION AND DEVELOPMENT AGREEMENT
(Hi-way Auto Recyclers)
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582002 6
I RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
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REDEVELOPMENT AGENCY OF THE
CITY OF SAN BERNARDINO
201 North "E" Street, Suite 301
San Bernardino, California 92401
(Space Above Line for Use By Recorder)
AMENDMENT NO.3
TO
DISPOSITION AND DEVELOPMENT AGREEMENT
BY AND BETWEEN
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO
AND
HI-WAY AUTO RECYCLERS, LLC
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AMENDMENT NO.3
TO
2000 DISPOSITION AND DEVELOPMENT AGREEMENT
(Hi-Way Auto Recyclers)
THIS AMENDMENT NO. 3 TO 2000 DISPOSITION AND DEVELOPMENT
AGREEMENT (Hi-Way Auto Recyclers) dated as of March 4, 2002 ("Amendment No.3")
is entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF
SAN BERNARDINO, a public body corporate and politic (the "Agency"), and HI-WAY
AUTO RECYCLERS, LLC, a California limited liability company (the "Developer"). The
Agency and the Developer enter into this Amendment No.3 with reference to the following
facts:
RECITALS
WHEREAS, the Agency and the Developer entered into that certain 2000 Disposition
and Development Agreement (Hi-Way Auto Recyclers), dated as of August 14,2000 (the
"2000 Disposition and Development Agreement"), with respect to that certain unimproved
property generally situated at Industrial Parkway (the "Property"); and
WHEREAS, the Agency and the Developer subsequently entered into that certain
Amendment No. I to 2000 Disposition and Development Agreement dated as of February
I, 2001 ("Amendment No.!") pursuant to which the period of time in which the
Developer's due diligence investigation of the Property was to be completed was extended
(the 2000 Disposition and Development Agreement as amended by Amendment No. 1
being hereinafter referred to as the "Amended 2000 Disposition and Development
Agreement"); and
WHEREAS, the Agency and the Developer subsequently entered into that certain
Amendment No.2 dated as of October 15, 2001 to Amended 2000 Disposition and
Development Agreement (the Amended 2000 Disposition and Development Agreement as
amended by Amendment No.2 being hereinafter referred to as the "Agreement") providing
that the Closing Date (as that term is defined in the Agreement) of the escrow established in
connection with the sale of the Property by the Agency to the Developer (the "escrow")
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shall occur within two hundred forty five (245) days of the delivery by the Developer of
the Due Diligence Approval Certificate (as that term is defined in the Agreement; and
WHEREAS, on July 26, 200 I, the Developer delivered the Due Diligence Approval
Certificate; and
WHEREAS, the Agreement provides that on or before 12:00 noon on the business
day preceding the Closing Date, the Developer must deliver to the Escrow Holder (as that
term is defined in the Agreement) evidence of construction financing in favor of the
Developer already funded for the Project (as that term is defined in the Agreement) and
evidence of the ability of the Developer to obtain building permits from the City of San
Bernardino and any other required permits, licenses or approvals for the Project; and
WHEREAS, the Developer has requested an extension of the period oftime between
delivery of the Due Diligence Approval Certificate and the Closing Date so that it can meet
its obligation to deliver evidence of construction financing already funded for the Project
and evidence of the ability of the Developer to obtain building permits from the City of San
Bernardino and any other required permits, licenses or approvals for the Project; and
WHEREAS, the Agency is willing to extend the period of time between delivery of
the Due Diligence Approval Certificate and the Closing Date.
NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND SUCH
OTHER GOOD AND VALUABLE CONSIDERATION RECEIPT OF WHICH IS
HEREBY ACKNOWLEDGED BY THE PARTIES, THE AGENCY AND THE
DEVELOPER AGREE AS FOLLOWS:
TERMS
Section 1. The Recitals set forth above are hereby incorporated into this
Amendment No.3 by this reference, as though fully set forth herein.
Section 2. Except as hereby amended, the Agreement is in all respects ratified
and confirmed and all the terms and provisions and conditions thereof shall be and remain
in full force and effect.
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Section 3. Section 2.03(c) of the Agreement is amended to read in its entirety as
follows:
"(c) Provided that the Developer has delivered its Due Diligence Approval
Certificate within the period oftime authorized in Section 2.03(b), then the
Closing Date of the Escrow shall occur on or before that date which is the
first anniversary of the date the Due Diligence Approval Certificate is
delivered by the Developer to the Agency, subject to the provisions of
Section 2.16 and Section 2.17. The words "Close of Escrow," "Closing
Date" and "Closing" shall mean and refer to the date when the Escrow
Holder is in receipt of the Purchase Price and the related Escrow documents
of the parties and the Escrow Holder is in a position to comply with the final
written escrow closing instructions of the parties and cause the Agency
Grant Deed for the Property to be recorded and the policy of title insurance
for the Property to be delivered to the Developer."
Section 4.
follows:
Section 2.17 of the Agreement is amended to read in its entirety as
"Section 2.17. The Agencv's Conditions Precedent to Close of Escrow. The
Agency's obligation to convey the Property to the Developer shall be conditioned upon
the fulfillment ofthe following conditions precedent, all of which shall be satisfied (or
waived in writing pursuant to Section 2.19) prior to the Close of Escrow:
(I) the Developer has accepted the condition of the Property and
submitted its Due Diligence Approval Certificate to the
Escrow Holder on or before the date set forth in Section 2.10
of this Agreement;
(2) the Developer has accepted the condition of title of the
Property on or before the date set forth in Section 2.13;
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(3) the Developer shall not be in default of any material term of
this Agreement to be performed by the Developer hereunder
and each representation and warranty of the Developer made
in this Agreement shall remain true and correct; and
(4) the Developer shall be satisfied (or waive satisfaction) of
each ofthe conditions precedent set forth in Section 2.16 and
the Escrow shall be in a condition to close within seven
hundred two (702) days following the Opening of Escrow
(subject to Section 2.15, if applicable)."
Section 5. Exhibit "D" (SCHEDULE OF PERFORMANCE) to the Agreement is
amended to read in its entirety as set forth in Exhibit "A" to this Amendment No.3.
Section 6. If any term or provision of this Amendment No. 3 or the application
thereof to certain circumstances is declared invalid or unenforceable, the remainder of this
Amendment No.3, or the application of the term or provision to circumstances other than
those to which it is declared invalid or unenforceable, will not be affected thereby, and each
term and provision of this Amendment No.3 will be valid and enforceable to the fullest
extent permitted by law.
Section 7. The persons executing this Amendment No.3 warrant that they are
duly authorized to execute this Amendment No.3 on behalf of and bind the parties each
purports to represent.
Section 8. This Amendment No.3 may be executed by the parties hereto in
duplicate originals, each of which shall be considered an original, but all of which together
shall constitute one and the same instrument.
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1 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
2 No.3 as of the date first above written.
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AGENCY
Redevelopment Agency of the
City of San Bernardino
By:
Gary Van Osdel
Executive Director
9 APPROVED AS TO FORM:
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Agency Special Counsel
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DEVELOPER
Hi-Way Auto Rec clers, LLC
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Member
By:
Member
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CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
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OPTIONAL
Though the information be/ow is not required by law, it may prove valuable to persons (slying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
litle or Type of Document:
Document Date;
Number of Pages;
Signer(s) Other Than Named Above;
Capacity(ies) Claimed by Signer
Signer's Name;
D Individual
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Signer Is Representing;
C 1999 Nallonal NoIary AssocIation. 9350 De SotoAve., P.O. Bo.2402. Chatsworltl, CA 91313-2402. www.nalionalnola!y.Ol\l
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IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
No.3 as of the date first above written.
AGENCY
Redevelopment Agency of the
City of San Bernardino
By:
Gary Van Osdel
Executive Director
9 APPROVED AS TO FORM:
10
Agency Special Counsel
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DEVELOPER
Hi-Way Auto Rec lers, LLC
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By:
By:
Member
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CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
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OPTIONAL
Though the information below is not required by law, ;t may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
TItle or Type of Document:
Document Date:
Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer
Signer's Name:
o Individual
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o Partner - 0 Limited 0 General
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Signer Is Representing:
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IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment
No.3 as of the date first above written.
AGENCY
Redevelopment Agency of the
City of San Bernardino
By:
Gary Van Osdel
Executive Director
9 APPROVED AS TO FORM:
10
Agency Special Counsel
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DEVELOPER
Hi-Way Auto Recy ers, LLC
By:
By:
Member
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CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
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State of California }
Counfyof ~(' ~/f"Grd:,,() ss.
onF-cb((,<a~~ j Yi 'U>>1..t,efore me. S-k--k"';c J:~(':'f-~D^
on. ( NameenclTdleol r(e.g.,"JaneDoe,No\aIyPublk:j
personally appeared I<vb'"' +- '"""J\;...\h/~.I""I
Name(s)of Slgner(s)
o I?8rsonally known to me
,o/proved to me on the basis of satisfactory
~ence
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~ NoIay NlIIC. c.Alb.~
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to be the perso~ whose nam~s) islare-
subscribed to the within instrum~t and
acknowledged to me that he/sho~h"~xecuted
the same in his,tt'u:u/thAir authorized
capaci~, and that by hisltwrAAeir
signatur~) on the instrument the perso~ or
the entity upon behalf of which the perso~
acted, executed the instrument.
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Number of Pages:
Document Date:
Signer(s) Other Than Named Above:
Capaclty(les) Claimed by Signer
Signer's Name:
o Individual
o Corporate Officer - Title(s):
o Partner - 0 Limited 0 General
o Attorney-in-Fact
o Trustee
o Guardian or Conservator
o Other:
.
Top of thumb here
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Signer Is Representing:
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C 1999 Na 'I NolaryAssoclaIlon "93S0De SotoAve., P.O. Box 2402 .Chatsworth, CAII131a.2402 ._.nationaInotary.org
ReordlIr: CaIlToI-free 1-llOl).876.e827
Plod. No. 5907
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EXHIBIT "A"
AMENDED EXHIBIT "D" - SCHEDULE OF PERFORMANCE
(Attached)
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EXHIBIT "D"
SCHEDULE OF PERFORMANCE
Unless otherwise indicated herein, the meaning of words and phrases used in this Schedule
of Performance shall be as set forth in the Agreement.
Within five (5) days following
execution of the Agreement by the
Agency and the Developer
Developer shall deliver to Escrow
Holder the sum of Ten Thousand
Dollars ($10,000.00)
Escrow opened upon receipt by the
Escrow Holder of a fully executed
copy of the Agreement and the
Deposit from the Developer.
Agency shall deliver originals of Due
Diligence Items (Section 2.08)
Within fifteen (15) days of the
Opening of Escrow
Agency shall deliver to the
Developer a preliminary title report
or title commitment for a CL T A
extended coverage policy of title
msurance
During Due Diligence Period
Developer must submit development
project site plan approval application
for the Project to the City for City
review and approval
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1 Within three hundred thirty seven Developer shall deliver its Due
2 (337) days from the Opening of Diligence Approval Certificate to the
Escrow Agency and the Escrow Holder
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4 Developer shall submit Developer's
5 Title Objection Notice and
6 Developer's Survey Objection
7 Notice, if any, to the Agency
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9 Within five (5) days of receipt of Agency to deliver Agency's Title
10 Developer's Title Objection Notice Notice and Agency's Survey Notice,
11 and Developer's Survey Objection if any, to Developer
Notice, if any
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13 Within five (5) days of receipt of Developer to deliver an acceptance
14 Agency's Title Notice or rejection of the items in the
15 Agency's Title Notice
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17 Within ten (10) days of receipt of Developer to deliver an acceptance
18 Agency's Survey Notice or rejection of the items in the
19 Agency's Survey Notice
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On or before that date which is the The Close of Escrow shall occur
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first anniversary of the date the Due
22 Diligence Approval Certificate is
23 delivered by the Developer
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25 No later than three (3) business days Escrow Holder shall prepare for
26 prior to the Closing Date approval by the Developer and the
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On or before 12:00 noon on the
business day preceding the Closing
Date
At Close of Escrow
Within three (3) business days
following the Closing Date.
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Agency a Closing Statement (Section
2.21)
The Agency shall deliver to the
Escrow Holder a grant deed for the
Property to the Developer
The Agency shall deliver to the
Escrow Holder copies of the
documents set forth in Section 2.06
of the Agreement
The Developer shall deliver to the
Escrow Holder copies of the
documents set forth in Section 2.07
of the Agreement
Developer deposits the balance of the
Purchase Price, less the Deposit
amount, with the Escrow Holder
Escrow Holder shall deliver to
Developer a conformed copy of the
Agency's Grant Deed, as recorded,
and the policy of title insurance
issued in favor of the Developer
Escrow holder shall deliver to the
Agency the Purchase price, less sums
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Promptly following City approval of
site plan of improvement for the
Project
Within ninety (90) days following
Close of Escrow
Within two hundred seventy (270)
days following commencement of
work of improvement of the Project
Promptly following completion of
improvements to the Property
Developer submits written request to
the Agency for issuance of
Certificate of Completion; but by a
date not later than one (1) year
following Close of Escrow
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paid to discharge any liens, escrow
costs and any prorations chargeable
to the Agency
Developer completes and submits
construction design plans and
specifications to City Building
Department for issuance of necessary
building permits
Developer commences work of
improvement of Project on the
Property
Developer substantially completes
improvement of the Project
Agency issues a Certificate of
Completion to Developer
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** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT **
RESOLUTION AGENDA ITEM TRACKING FORM
Meeting Date (Date Adopted): "3' -'\ -0 d Item #
Vote: Ayes \ - 'I Nays P-
Change to motion to amend original documents:
~ :>., ?, Resolution #
Abstain 0
eoc.hm2.-1 d
I
AbsentB-
Reso. # On Attachments: ~ Contract term:
Note on Resolution of Attachment stored separately:-==--
Direct City Clerk to (circle I): PUBLISH, POST, RECORD W/COUNTY By:
NullNoid After: -
Date Sent to Mayor: 3 . 5 . <::'.:l-
Date of Mayor's Signature: 3'(,-0,)
? .
Date of ClerklCDC Signature: y " -0 ;)-
Reso. Log Updated: ..-/
Seal Impressed:
Date Memo/Letter Sent for Signature: 3. \ \-<::, d-
60 Day Reminder Letter Sent on 30th day:
90 Day Reminder Letter Sent on 45th day:
See Attached:
See Attached:
See Attached:
Date Returned: 3- I \--C\~
Request for Council Action & Staff Report Attached:
Updated Prior Resolutions (Other Than Below):
Updated CITY Personnel Folders (6413, 6429, 6433,10584,10585,12634):
Updated CDC Personnel Folders (5557):
Updated Trai'fic Folders (3285, 8234, 655, 92-389):
Yes ./ No By
Yes No~ By
Yes No-L By
Yes No / By
Yes No/ By
Copies Distributed to:
City Attorney
Parks & Rec.
Code Compliance
Dev. Services
EDA
./
Finance
MIS
Water
Others:
Police Public Services
Notes:
BEFORE FILING. REVIEW FORM TO ENSURE ANY NOTATIONS MADE HERE ARE TRANSFERRED TO THE
YEARLY RESOLUTION CHRONOLOGICAL LOG FOR FUTURE REFERENCE (Contract Term, etc.)
Ready to File: (l\ l'
Date: ~ -Il-O.J
Revised 01112/01