HomeMy WebLinkAbout1981-017 Authorizing Execution of Agreemt w First Federal Savings and Loan Assoc of SB re Postponement of Street Improvements at Intersection of 6th and D1
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RESOLUTION NO.
RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
EXECUTION OF AN AGREEMENT WITH FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF SAN BERNARDINO RELATING TO THE POSTPONEMENT OF
STREET IMPROVEMENTS AT THE INTERSECTION OF SIXTH STREET AND "D"
STREET, PURSUANT TO SAN BERNARDINO MUNICIPAL CODE CHAPTER 19.48.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AS FOLLOWS:
SECTION 1. The Mayor of the City of San Bernardino is hereby
authorized and directed to execute on behalf of said City an
Agreement with First Federal Savings and Loan Association of San
Bernardino relating to the postponement of street improvements at
the intersection of Sixth Street and "D" Street,a copy of which is
attached hereto, marked Exhibit "I" and incorporated herein by
reference as fully as though set forth at length.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at ajt meeting thereof, held
on the 1,�;` day o . 1981, by the following
If
vote, to wit:
AYES: Councilmen
NAYS:
„�
ABSENT:.
Of
r
City Clerk
Tie foregoing resolution is hereby a
i
of 1981.
ayor of
Approved as to form:
City At orney
ernardino
FIRST FEDERAL SAVINGS AND LOAN
AssOCIATION OF SAN BERNARDINO
MAIN OFFICE • 555 "E" STREET • SAN BERNARDINO. CALIFORNIA 92401 • (714) 889-0881
February 5, 1982
City of San Bernardino
P. 0. Box 1318
San Bernardino, CA. 92402
Re: City of San Bernardino Agreements, 6th & D
Attn: Lucy Martinez
Dear Ms. Martinez:
In accordance with our conversation on this date, this letter will serve
to advise that the above referenced agreement, pertaining to postponement
of required street improvements, was not executed as the plans to develop
such property have been cancelled.
As you will recall, I left the original, unsigned agreement with you.
If further information is needed, please contact me.
Thank you for your assistance.
Sincerely,
WVAA*W44'0'
Conrad Knowles
Senior Vice President
CK/aw
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A G R E E M E N T
(street improvements - 6th & "D" Streets)
THIS AGREEMENT is made and entered into this day of
, 1981, by and between the CITY OF SAN BERNARDINO,
3 municipal corporation, ("City"), and FIRST FEDERAL SAVINGS AND
GOAN ASSOCIATION OF SAN BERNARDINO, a California corporation,
("Developer").
The parties agree as follows:
1. Recitals:
(a) Developer has applied for a building permit for
certain construction on the premises owned by Developer, located
at the southwest corner of the intersection of Sixth and "D"
Streets, in the City of San Bernardino, generally referred to in
this agreement as "the premises", and more particularly described
as follows:
Parcel No. 1 as shown on proposed Parcel Map
No. 6461 of the City of San Bernardino
currently pending recordation and as depicted
on Exhibit "A", attached hereto.
(b) As a condition of issuance of a building permit, and
pursuant to Chapter 19.48 of the San Bernardino Municipal Code,
Developer is required to make certain street improvements.
(c) Pursuant to Section 19.48.110 of the San Bernardino
Municipal Code, Developer has requested a postponement of the
actual installation of the required street improvements. The
Mayor and Common Council of City have approved the delay, in
accordance with the terms of this agreement, for a period not to
exceed 18 months from the date of this agreement.
2. Developer to construct street improvements. Developer
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agrees that street improvements adjacent to the premises, in
accordance with standards and specifications of the City Engineer,
shall be completed not later than 18 months after the date of this
agreement. Developer further agrees that the construction of said
street improvements shall be commenced within 10 days and
completed within 90 days after written notice is given to it at
any time during said 18 month period by the City Engineer, stating
that street improvements are being constructed on an adjacent
parcel of land, and requesting that Developer install street
improvements.
3. Security. The City Engineer has estimated the cost of
the required street improvements to be $68,000, as indicated on
Exhibit "B" attached hereto. As security for the performance of
Developer's obligations under this agreement and Section 19.48.110
of the San Bernardino Municipal Code, Developer agrees to execute
a promissory note payable to City, upon demand, in the amount of
$68,000, secured by a legally sufficient deed of trust of the same
date on the premises, and Developer agrees to execute and record
the deed of trust at its expense.
4. City consents to delay. City agrees that the
construction of street improvements by Developer may be delayed in
accordance with the terms of this agreement. City agrees not to
make demand on Developer's promissory note to City so long as
Developer complies with the terms of this agreement.
5. Notices. All notices herein required shall be in writing
and delivered in person or sent by certified mail, postage
prepaid, addressed as follows:
-2-
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"City" "Developer"
City of San Bernardino First Federal Savings and
300 North "D" Street Loan Association of San
San Bernardino, CA 92418 Bernardino
555 North "E" Street
San Bernardino, CA 92401
IN WITNESS WHEREOF, the parties hereto have executed this
agreement on the day and year first hereinabove written.
CITY OF SAN BERNARDINO
ATTEST:
,
14 Approved as to form:
15
16 City ttorney
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FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF SAN BERNARDINO
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Jan. 12, 1981
File No. 11.746
ESTIMATED COST
WIDENING SOUTH WEST CORNER OF
6TH STREET AND "D" STREET
1.
L.S.
Relocation of Traffic Control Box and Pole
$20,000.00
@ L.S. of
2.
L.S.
Traffic Signal Fee @ L.S. of
$10,000.00
3.
720 L.F.
Remove Existing curb & gutter @ 2.00.L.F.
$ 1,440.00
4.
4 ea.
Remove existing street lights @ $200.00/ea.
$ 800.00
5.
4 ea.
Installation of Street lights @ $1,650.00/ea.
$ 6,600.00
6.
720 L.F.
P.C.C. Curb & Gutter @ 6.75/L.F.
$ 4,860.00
7.
2500 S.F.P.C.C.
4" Sidewalk @ 1.75/S.F.
$ 4,375.00
8.
L.S.
P.C.C. Catch Basin @ L.S. of
$ 2,500.00
9.
L.S.
P.C.C. Local Depression @ L.S. of
$ 200.00
10.
L.S.
Extension of Storm Drain Pipe @ L.S. of
$ 518.00
11.
594 S.F.
P.C.C. Driveway Approach @ 3.00/S.F.
$ 1,782.00
12.
2688 S.F.
Sawcut & Remove Existing Driveways @ $1.00/S.F.
$ 2,688.00
13.
L.S.
Relocations of Utilities @ L.S. of
$ 2,000.00
14.
3 ea.
Remove Existing Trees @ $200.00/ea.
$ 600.00
15.
4320
A.C. Paving @ .50/S.F.
$ 2,160.00
16.
4320
Aggregate Base @ .30/S.F.
$ 1,296.00
Sub -Total
$61,819.00
10% Engineering & Contingencies
$61,181.00
TOTAL
$68,000.00
EXHIBIT "B"