HomeMy WebLinkAboutCC 9 RESCO DEV AG 01-06-86 .... ,""', ,'1 ~ISENT CALENDAR
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DATE: 3anua~ 6, 1986
TO:
FROM:
SU BJ ECT:
~ ,
HONORABLE MAYOR AND CITY COUNCIL
COMMUNITY DEVELOPMENT DEPARTHENT
RESCO DEVELOPMENT AGREEMENT
RECOI~ENDED ACTION:
Approve the enclosed agreement for the Mayor's signature.
In conformance with Ordinance No. 937 regarding the circulation fees for the
Specific Plan No. 7 area, enclosed is the proposed agreement with Resco
Development. This agreement covers the fees for the Chelsea's Cafe which is
proposed at 1481Edinger Avenue (at Red Hill).
The City Attorney has reviewed and approved the agreement.
MAR~ ANN~CHAMB£RLAI N,
Associate Planner
MAC:do
AGREEMENT
THIS AGREEMENT, for the purpose of identification dated the
, 1986 is
day of__
BY AND BETWEEN
AND
RESCO Development Company with
address of 3355 Via Lido, Suite 205,
Newport Beach, CA 92663, hereinafter
referred to as DEVELOPER.
an
City of Tustin, a municipal corporation
with mailing address of 300 Centennial
Way, Tustin, California 92680,
hereinafter referred to as CITY
W ITNESSETH
WHEREAS, DEVELOPER has agreed to contribute a fair share for the costs of
circulation improvements within the area encompassed by the proposed Specific
Plan No. 7, further identified as the area north and southerly of Edinger Street
and westerly of Red Hill Avenue; and
WHEREAS, DEVELOPER desires to proceed with construction prior to the adoption of
the proposed Specific Plan No. 7 and related fee schedule for circulation system
improvements; and
WHEREAS, the parties hereto wish to set forth the terms of compliance for the
Chelsea's Cafe, 1481 Edinger Avenue;
NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows:
DEVELOPER shall pay Circulation Improvement Fees for the Chelsea Cafe,
1481Edinger, upon adoption of Specific Plan No. 7 and its related fee
schedule by the City Council or the issuance of a Certificate of
Occupancy, whichever is earlier.
The amount of DEVELOPER'S fees attributable to the Chelsea's Cafe, 1481
Edinger, shall be as established by the City Council with the adoption of
Specific Plan No. 7, but in no event shall it exceed the rate of $1.80 per
sq. ft. of building floor area plus any necessary adjustment caused by a
change in the Consumer Price Index impacting the cost of public
improvements between the date of adoption of a fee schedule and the
payment of Circulation Improvement Fees.
Agreement
Resco Development
page two
3. DEVELOPER, as a condition for the issuance of a building permit for the
project equalling 5,470 square feet, hereby agrees to pay the city of
Tustin the sum of not to exceed $9,846.00 in accordance with paragraphs 1
and 2 above.
4. CITY shall issue a building permit for the proposed project subject to all
applicable laws and regulations.
'IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the dates
set forth opposite their respective signatures.
Date:
(Acknowledgement Attached)
RESCO Development
BY:
TITLE:
CITY OF TUSTIN, a municipal corporation
DATE'
(Acknowledgement Attached)
BY:
TITLE: