HomeMy WebLinkAboutRDA PAC BELL AGREE 04-15-85DATE: April 15, 1985
TO:
FROM:
SUBJECT:
HONORABLE CHAZRRAN AND I~_~BERS OF THE REDEVELOPNEliT AGENCY
COIIIUIITTY DEYELOPHE#T DEPARTHE#T
PACZFZC BELL AGREEHENT
The Redevelopment Agency on March 18, 1985, authorized Pactftc Bell to proceed
wtth construction of thetr £dlnger/Red Hill project subject to assurance of the
payment of fees to the Circulation Improvement Fund for the subject area.
A fee structure for circulation Improvements in the subject area has been
developed as follows:
Comme r cl al/Of fl ce
R&D
Industrl al
$2.60 per sq.ft, of building floor area
$1.80 per sq.ft, of building floor area
$1.00 per sq.ft, of building floor area
The proposed project of Pacific Bell would require a contribution of $583,752
for the first two buildings on the site. An agreement for payment of the fee
has been proposed by staff and approved by the City Attorney.
RECOIIIENDED ACTION:
Authorize the Chairman to sign the agreement with Pacific Bell authorizing the
construction of the project subject to payment of circulation fees prior to
occupancy.
Director of Community Development
DDL:RKF:do
AGREEMENT
THIS AGREEMENT, for the purpose of identification dated the
, 1985 is
day of__
BY AND BETWEEN
AND
Pacific Bell, a California corporation
with mailing address of 177 East
Colorado Blvd., Room 938, Pasadena, CA
91105, hereinafter referred to as
DEVELOPER
CI~ of Tustin, a municipal corporation
with mailing address of 300 Centennial
Way, Tustin, California 92680,
hereinafter referred to as CITY
WITNESSETH
WHEREAS, DEVELOPER is required by Use Permit No. 84-20 and Planning Commission
Resolution No. 2177 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. ? and related fee schedule for circulation system
improvements; and
WHEREAS, the parties hereto wish to set forth the terms of compliance with Use
Permit No. 84-20;
NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows:
1. DEVELOPER shall pay Circulation Improvement Fees for Use Permit No. 84-20
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.
2. The amount of DEVELOPER'S fees attributable to Use Permit No. 84-20 shall
be as established by the City Council with the adoption of Specific Plan
No. ?, but in no event shall it exceed the rate of $2.60 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
Pacific Bell/City of Tust~n
page two
DEVELOPER, as a condition for the issuance of a building permit for the
first two buildings within the project equalling 224,520 sq. ft., hereby
agrees to pay to the city of Tusttn the sum of FIVE HUNDRED EIGHTY THREE
THOUSAND AND SEVEN HUNDRED FIFTY ll~O DOLLARS ($583,752) in accordance with
paragraph 1 above.
CITY shall calculate and DEVELOPER shall pay Circulation Improvement Fees
applicable to other proposed buildings on the site at the time of adoption
of Specific Plan No. 7 or the issuance of a building permit, whichever is
later.
CITY shall issue a building permit for the first two buildings of the
proposed project as approved by Use Permit No. 84-20 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.
PACIFIC BELL, a California Corporation
Date:
(Acknowledgement Attached)
BY:
TITLE:
CITY OF TUSTIN, a municipal corporation
DATE:
(Acknowledgement Attached)
BY:
TITLE: