HomeMy WebLinkAboutCC RES 07-29
RESOLUTION NO. 07-29
A RESOLUTION OF THE CITY OF TUSTIN CITY COUNCIL
FINDING THAT THE FINAL ENVIRONMENTAL IMPACT
STATEMENT/FINAL ENVIRONMENTAL IMPACT REPORT
FOR THE DISPOSAL AND REUSE OF MCAS TUSTIN
("FEIS/FEIR") AND ITS ADDENDUM IS ADEQUATE TO
SERVE AS THE PROJECT EIS/EIR FOR THE FIRST
AMENDMENT TO TUSTIN LEGACY DISPOSITION AND
DEVELOPMENT AGREEMENT 06-001 (MASTER
DEVELOPER) AND THAT ALL APPLICABLE MITIGATION
MEASURES WILL BE INCORPORATED INTO THE
PROJECT AS REQUIRED BY THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT
I. The City Council of the City of Tustin does hereby resolve as follows:
A. That the First Amendment to the Tustin Legacy Disposition and
Development Agreement (DDA 06-01 (Master Developer is proposed by
and between the City of Tustin, the Tustin Public Financing Authority and
Tustin Legacy Community Partners, LLC. (the developer), a Delaware
limited liability company.
B. That the First Amendment to the Tustin Legacy Disposition and
Development Agreement (DDA 06-01 (Master Developer is considered a
"Project" pursuant to the terms of the California Environmental Quality
Act;
C. That on January 16, 2001, the City of Tustin certified the Program Final
Environmental Impact Statement/Environmental Impact Report (FEIS/EIR)
for the reuse and disposal of MCAS Tustin. On April 3, 2006, the City
Council adopted Resolution No. 06-43 approving an Addendum to the
Final Environmental Impact Statement/Environmental Impact Report for
the Disposal and Reuse of MCAS Tustin. The FEIS/EIR and its
Addendum is a program EIR under the California Environmental Quality
Act ("CEQA"). The FEIS/FEIR and its Addendum considered the potential
environmental impacts associated with development on the former Marine
Corps Air Station, Tustin;
D. The City prepared a comprehensive Environmental Checklist for the First
Amendment to the Disposition and Development Agreement (DDA 06-01)
(Master Developer) along with proposed amendments to the Specific Plan
and a Development Agreement which is also being processed by the
developer, attached as Exhibit A hereto. The Environmental Checklist
concluded that the proposed project does not result in any new significant
Resolution No. 07-29
Page 1 of 45
environmental impacts, substantial changes or a substantial increase in
the severity of any previously identified significant impacts in the FEIS/EIR
and Addendum. Moreover, no new information of substantial importance
has surfaced since certification of the FEIS/EIR and Addendum.
II. The City Council finds that the project is within the scope of the previously
approved Program FEIS/FEIR and its Addendum and that pursuant to Title 14
California Code of Regulations Sections 15168 (c) and 15162, no new effects could
occur and no new mitigation measures would be required. Accordingly, no new
environmental document is required by CEQA.
PASSED AND ADOPTED at a regular meeting of the Tustin City Council held on
the 20th day of March, 2007.
I/I<Z
LOU BONE,
Mayor
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council of
the City of Tustin is five; that the above and foregoing Resolution No. 07-29 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the 20th day
of March, 2007, by the following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
Bone. Amante. Davert. Kawashima. Palmer
None
None
None
(5)
(0)
(0)
(0)
PAMELA STOKER
City Clerk
Resolution No. 07-29
Page 2 of 45
.FIRSTAM~ENDMENlt TO
T1JSTIN.LEG:ACY
DI~P()SITliON. ANO'DE\tE'LOPM.ENT A.G:'Rli:E.i\1.ENT
(M}\ST:ERD.EVJ3}:L().~~R)
Tb.iSFIRST AMENDMENT TOTUSTlNLEf3AC'Y.DISPOSITIONAND
DE'VE;LOPMBN'T..AGR'EEM.ENT {MASTER DIJVELOP'ER). ("Ame"ll dlnellt") is
entered. 111toas of March. ______,.20CrZ (the<"Effeetive:nate")b)'tll1dbet,\'een th.eCITY OF
'TUSTIN (asln.ore fully d.efillea.m~~ction 1~4.1.oftl1eOrigmal.DDA(asdefmed below),
"City") .an.a .rrusti..tlLegaey.Community ,Part.n.eis,L,LC, a .Delaware..lilllited liability
co:mpa,n.y (asdefilletlin SectIon 1.4.~of the Origil1alD::DA, tfie".De,-'eloper"). Th.eCity
and the Developer a.resollletime.$ referred to herein iIldiviclufl11yas a ".Party"al1.d
collectively a:stl1e H.Plll"ties/'
RE:C1IT,AI;;.$
A.. City and the Developer entered into that certain Tustin 'Legacy Dis.position and
Development Agreen'lent...(Master ])eveloper) .d.atedas. of Majl. .3,2006 (the ~'Original
DDA"}p'ursu.ant to 'wIllen, among otherthil1gs, theCity.agreedto sellal1dlor lease or
sublease,al1.c1 tb,eDevelbperagreedtopurchasean.d/or lease or sublense, the Property (as
de:flned 1l.1 the QrigiIlad.D.DA) and the Partl.esagreedtQ a. scope of devel()l~ll1.ellt o:fthe
Property- Initially c~pitali.zedternlSl1ot defined b.erein snall'havetlle tespe.ctive
111eanil1gsassignedto :su.ch temlS iti the OriginalD.DA.
B. The:Origi.nal. 'DDAwas .lllelnorialized in tllateeftainMelllOrallcllul1..of Tustin
Legacy Dispositi.on, an.d"Develo.pm.entAgreenlellt, wh.ichwas record.ed May8,z006 as
In.strw:nel1tNo.20Q6003"08658. of tIle Official Rec.ordsof Orange .Cou.nty{~"'Offlci.al
'Recotds").
C. City and the :n'evelQper each d.e s ire . to . amend the Original DDA and ad.opt tllis
AUlendment assetforthbelow~TheOrigirl(tl DDAas al11el1cledby this Anlendl11ent is
referred toh.ereinas tIle "Agreemellt~'.
A.GREEM'EN'l'
N'O'W, ~rHEREFO'RE, in COllsideration.of tn:e foregoiTlgR.ecitals, wIlie'hare
herel,y..i:tloolIlorated.l11 tb.e()p:erativepl"o~visiollS of this' All1eJld.ITlellt.'by. this referen.ce and
other. goodandvalua'ble consideratiQll tlle rec'eiptan.d. suftlciencyof \vhicb.i.shereb'y
acktlowledged, the.Patties. further agree as follows:
1. .M.Qd.i.fieati,onO.f .Severa.l..Seetions..of tb.e.O:r.i2i:llal. DDA, ..as it. relates. to
E'se.rowClosin:1 and Defaultnrovlsions. .T11e followl1J.gseetions ottheOriginal.I>D.A are
hereby alllel'ldedas follows:
(a)
follows:
Section 1. 13. 1 (b) ofth.e Original DDA isherebyal11el1dedand restated. as
I 840J:65()()18(i.S
:1
Resolution No. 07-29
Page 3 of 45
"(0:) IllCreasetf IJeposit If, for an.y:reaSOR . other than. a.'Material'Default
ofTustil1~. the De'vel(lper {i}ooe:s l1Qtacql.lire tb.e 'Pllase lCOl1V€)'ZlllCe IJropenty on.
thePllase..l .Closil1g. Date,. as..sncn. . Closing Date 111aybe .exte.llaed. inaccordanc.e
\VitJ1Seetio:(13.2..1.. andSect.loll.'3.4.6, fhe.}.lerf(')fll1UnCe Deposit ..shall.be increased
by $1 ,000 per da:y for tlleperiodco.trlll1etlC:lIl:!& 011 the.Pllase lCldS'i.llgDate, as
such date Dlaybemooifiedand.eIldi:ng on tlledatevvl1€11. tb.e :Develo.per acquires
tn.e.Ph.ase lCollveyanceProperty'.Th.e anlO~ul1t()fan)r illcrease ill tlle
Perfo.mlatlceDel):osit 'pursuant 10. tbeprecedi.ng sentence s.hall not be applioable to
tJle'plltcllilseprioe fot anyPllase."
(b;)
follows:
Section.3.2.1.Qfth.eOriginal'D.'DA.i$ h.ereby.un1en.ded and restated as
3.2.1 Phase IC;}osingDate.. TIle "Phasel CIOSl11g .Date"; :shalI 111ea11
April 23, 2 ()Cf7 . except tllat such date 111aybe. extelld.ed l.tpon l11utualwritten,
agree.m.ellt o:ftl1eparties."
(q~ Section 3..2. oftb:eOrigillal D.DAis here'byaIllen.dedto add the fol1.o.\vin.g
asa .new Seetion3~2.o:
"3 .:2.6N'otwitnstandingallything to the contrarycolltainedin this Section:
3.2, in tbe event tb,at thePhaselClosillgDa:tedoes not tl.tl1ely OCCllr due to a
failureol''l the.part ofthe.:Develo'per to satisfyeacl1. o.ftbeconditioll:S set fortll i.ll
Secti.on. 3.2.5,ex:cept to tIle extent th.at the City llas, 111 its sole tilldabso}ute
discret.ion,. \vaived. any of such con.ditiolls,andprovidedsl1cllfailure is n.otas a
re.sult of a Material Default on. the part of the Devel()per~.thenfup()n \vritte,n notice
to th.eCity ftle Developer .shall be elltitled to obtail1.up to two (2)sllccessive
extel1sionsof th.ePh.ase 1 Closing Date,eacll such. extenSi0,11 to bell pe.riddn.ot to
exceed..sL-x.. (6) .nl.onths; provided, however, that ..eac.bQftlle .fo 11oWll1gCOl1ditiollS
precedel1t sllallb,avebeen, sati.sfied~ in thejudgrl1elltofth:e City,with respect to
coach. su.c:h.. extel1SiOll:
(a) Sucllfailure tosatisfysuchcOl1ditions iSJlotdue to the failureo:f
the Developer to dili.gently and illgoodfaitbJl1alce reasonable an.d substantial
progress totlnlelyootamthe satisfa.ction ofeacll ofstle11 conditiollS; alld.
(b) TbeqDeveloper is :t1ototherwise in Material D efati It. "
(d) S ectiQll 3..3 of the Original DDA is hereby anlellded t.o . ad.tl the following
as anew S'ection3.3.6:
"3.3.~. Notwithstal1ding.anythi11gtO...tlle contrary contain.ed ill. this. Section
3:.3,Ul the event that tb.ePl1ase 2Closmg Date does not timely occur due to a
failure on the part.ofthe,Developerfosatisfy .eacll.o.ftl1e .con..d.itioll$ set faith. in.
Sectiolt3..3..5(e)) exe~pt to th~e extCl1.ttllat.tlieCityhas, ill its sole.andaosolute
discretioll, 'waivedany ofsl1ch conditions, and provided su.cb failure is not as a
resllll()faMaterial Default on tllepartof tIle Developer, tbell,upon \vritten notice
to tIle City. tIle. Developer sb,all he entitled to obtain up to. two (2) successive'
ResohJfi~:N~1~29
Page 4 of 45
2
extensions ()f~l.le :Phase 2 Closin.g Date, eacll suell .extertSioll. to be. alleriod 1101.. to
eiKceed.si:x(6)mc)'nths;provid..ed, .however, thateacllof tbe .fbllowin.gcQ,uditiQl1s
precetient:shaUha:veb~e.ll satisfied, in.tnejudg1l.1el1tofthe City, 'with. respect to
eac:h ...su.cl1extenS1:on.:
(a,) Such failure to satisfy such COlldition$isn.()t clu.e to tbefailure of
tIle Developer.to..diliBt3l1tly'al1d in good..fai.tll'mak.e..rea$onablealld .substantial
progress to timel~ obtail1 thes~tisfactionof eachofs'ucll oO.nd.itions;and
(b) T.he'Develo'p'er is llot otherwise ill Material Default.
Notwithst.anding :any such extension, for purposes of calculating pursuant
toSe"Ctioll..3.3.~3. any..in.crease itl the Pl1ase.2. Purcl1:a.se Price.as a..result of such
a.elay, tile Pl16se2 Closi.ng.Dateshallbedeeuled to be $eptenlber 15'12009~"
€e) .Sectl.ol1.J.4 o..fth.eOri.gilltll.DDA isbereoy allle,nded to add the following
as..anew.Sectioll 3.4.6:
"3.4.6 Notwithstandil1ganything to the cOl1trarycontaitled in this Section
3.4, in tbeevellttl1at thePliase3C16singDafedoe$ t1QttimelYQccur due toa
failu.reonthe pal1 of the Developer to satisfy each. offlle conditions set forth in
Seetion3:4.5{e), except to the extent tllat the City lIas, in itssole'and absolute
discretion, waived any of sl.lcbconditiol1S, and provided s1..l.ch. failure is not a$ a
res'ult QfaMaterialDefa.ultQ:tl tIle p'art ofth.c'Oeveloper, then, Upou\\iritten.t1otic.e
to theCit.ytheDevel~per Slla.ll be entitled to obtaiII up to two (2). succ~ssive
e~1:ell$iQn$()f tb.ePl1~se3 Closmgpate,. eac.l1stlch. e~tensiOll tobea period 110t to
exceed six to' 11loutns;p1"ovi.ded, however,.. tllat.each..()f.the. followi.ng. COllditions
precedent shall l1ave01,eell. satisfied, ill tbe judgnlen.taf tl1eCity,~lith respect to
eachsucb. exteI1S10l'1:
(a) Sno.D fa.ilure. to satisfy suell COlluitions is nQtdue to the failure of
tl:1(~ Develo'per to diligently and in good fa.itllnlake,reasonable and S"ubstalitial
progres.s..to. funely..()btam tb.e...satisfactiol1ofeacb.sllCll con.ditions; and
(0) TIle Developer is not otherwise in. Mate-rialDefault
Nonvithstandi.n:g an.)! sucll.exten.sion, fo.rpurpos.es..of calc'ula.tingpursltant
to $'ection3 ..4.3an:y increase in the Phase 3 Purchase Prioeasa restdt of such
delay, tIle :Pbase 3GloSlllg Date shall bedeenled otobe July .1, 2'011."
2. M'odification.ofAttacllment 1 O..entitledD~se...illti()n of Developer's
Buc'kbone...lnfta.structure. Work. and.. Atta.c'hment 11. en.titledDesc:rlutionofLocal
Infra.struCetd:re. Atta.cn.ment$ lOan'd 11 to th.e Origin.al DDAareherebyamel1lied as
full()~~s:
(a) ltenl No.8()onpa.ge 2ClfAttachlllent 10 to the OriginalDDA is
llerebY1110dified tcr delete la11.guage Blld referel1ceto tlle' "Sports Fields at".
t8403:6.560 t 86.S
3"
Resolution No. 07-29
Page 5 of 45
(0) ItenlNo..126011page3 of Attacllnlent 10 to the Original DDA is
berebymodifletl as follows: (1) tIle term "OtherPub.lic-Ownec.l. a.pen. Space Master
Oe'leloper Are" isb~t;eby.d.eleted.an.d H Qtl1erl?t.lblic-Owo>edQpen Space-Tus.tin '.Legacy
SportsParkU iSSllbstjtu:tedill itspla.ce,(ii) the itnp'rovernentsh.allbedeenledas. a.:Pbase2
-Itl1provell1ent instead..of'a Phase 1 improvement, and..(iii}.the..origitlal tefereneeto .a total
cost. of$4,"322.,6fJj~.. with..:a, portion ofsuch..costs'.identitied...nl1d .distribtlted over threeyea.rs
1z>eglrmingin'2006. with. :eom'ple.tion. ...in2009, B.hall'hereafter ..de. deel11ed. to refer toa total
cost of $4,322.,697, witlla:portion Qfsuch .costsidentiflea an.d distributed over tllreeyears
b~gi1111:il1g in. '2009wit.l1colnpletioll ill 2011.
(0) ItCIll'NQ J2.9onpage 3 o:fAttachll1eot 10 to the O.ri.gil1.~ll 'DDA is
bereby 11'1odifi.en to delete .tll,e.referenee to "Bridge... Tusti1.l Ral1cll Over. Lineal
ParklVeh.icularand~'. alldto 1110dify the reference to fhis in1provellle.nt to read "Pedestrian
Brictge. ovet Tustill.RatlcllRoaaCQl111ecting Neighborl1ood. Park.allQ COlllllll111i.tyPark".
De've1.oper. acknowlea.~es.. and . agrees. tha.t.City's.."villingness .t.o agree to..such ch(mg.e .is
co.ntlllgent u}.1outhec{')nditions :id.entifiedin sUQsection (d) below'.
(d) Item No. 14 on page.8 of Attachll1ent 11 is herebYlnodified to
delete tl1.e refereIlce toth.ehnprove:utentden.l1ed as "Arc]lesU .Devel~per~lc:kIlo~lledges
arId agrees th:atCity'swillingness: to. agree to such change sllaJlbe eOll:tingent upon
Developer's .appl}1ng at .least the mil1.1111u:m. ..at110Ullt of.$9,j.15,OOO.. originally .progratn111ed.
for tbeArches towards an upgra.de Qfthe design of the pedestrian bri.dge.sidentifie.d ill
Attac,nmellJ tOto tl1eOrigitlal D.DAas Item Nos. '12:7,28, ancl12.9with arc!l features to
beitlco.rporatedilltotl1C: bridge .design.aSa11 iconicfeatttre s'ubject todesi.g1i review
approval atld COlllpliance with.a.1l Governmental Req'uirements of.the City. As a result of
thiscontingency,.total c.ostsof all tlrteebtidges shallllotbe lesstnan $19,813~OOSa-nd
.Developershallberesponsfble:. for any and all cost es.cala.tiol1S for said bridge
illlprovenlents.
(e) TIle tillling tor cellaill ,PllaSe2Tll.still Legacy'.Backbol1e
ltlfrastnlctur~ and. Local JIl.frasttucture items idetltified ..onAttaclnnents 1 0 au"l 11 to. th.e
O.riginalDDA shall be advanced to Phase 1. as shown .onSchedttlel to this Al11endlnent
3. Modification of Attacl1.ment 1.7. The Parties agree that Attaelullen.t 17 to
the .Original:nD.A isherenyd.'eleteo..il1. its .entirety..an:d..an.ewAt:tachlnellt .1.7(rev. 1) , .itl the
fcn:rnattacll:ed. 11ereto ..as. Scbed.ule.2. to. this Alllendll1el1t ..1.s..substituted in. its place.
4. Modi.fications to.Attacllnient28. 'TIle 'partiesagree tllatAt.taelllllerlt28 is
l1~erebyanlen:ded.as follows:
(a) Elh.ibit A of Attachl11.entA tp. the Or.iginalDDA elltitledtn.e
~.~:Refined Master Developnle:l1t Plan')..lS. ]jereby .:t:ltQd:ifi.ed a$ follows:
(i) 'TIle open space idel1tifiedasaPllflse 1 Sports
ParklDetentioll facility on the Refined M.aster'Develop:nlent,Plan and originally proposed
at the.s.outb.east comer .ofRedl1ill.al1.d .Edin.ger ...isrelocated. soutl1east..'of.tbe .lineal. park:
Resol utft1P13~P tfV.!i29
Page 6 of 45
4-
opetJ...s.pace..and..Came~e..l~.:Pb.a.se..2...an,d. replaced...in .its fOfll.1er.Pbase 1 locatioll with.
corpo.ratelbusn.lesSUSes.~
(Ii) TheCangre.gateCare facility<ldentified as: Senior Housing
, . .
OJl tIle Refined.Maste.rDevelopmellt.Flan and ori.gin~ally pJroposedat tllesoutlleast comer
ofVaJenciaano. Tustin.RancnRoad inP'hase 1, snal1beorelocatedto .southwest of Legacy
Road.atldtlle< NorthLoopRo~\clin :Pll.ase2and replaced in its f01l11erPhase 110catiQtl
\vithresident.ialuses,subjecttQ any restrictions i~posedpurs\.tanttoSectioll 8.3.8 (e) of
tb.e...Agreement.
(b) LitlS2ofSection 1. .4(bj(i) of Attachnlel1t 28 to th.eOriginal 'D:O A
is .hereby>amenuedand-restafed to feadas follows: ". .. as> acre.sportsfl.eld facility in.
Neigl1borhoodE;a46-acre. ..H
(c) Tllc'la.stsentenceofSection 1~4(b)(ii) o.fAttachmel1t 28 to the
OtiginaJ..D.DA. is .h.ereby..de:1.eted:.. i.n .its entirety.
(d) SectiQ'111.6(c)of A.ttach,ment28to tl1eOrigil1~n D.DA is llereby
'-l111e:ndedand,restate(i'to read .initseptiretYRs follows:
"(c)Pll"t-suanttQSectiol1.3.2.4 (e) of the Agreeul:ent)ithe City bfis approved
a specificwrittel1 im.plelnentatioll strategy for th.e MasterBloek.eonsistentwith
the .provisiollS..oftllis..Attaclnnent The total..de-veloplllent. program..f()f the
COlll111Ul1i.ty Core will govern (as shown ill tlleapp:roved written 1111plementation
strategya.s..though..set..forth in...i tsel1tiretyh.ereitl)....a.nd on. file.wi.t}.l tb.e
RedevelQpment Ag.en.cy),.. except.. that. there. are a .fiutnber ofde$ign. issues .tbat will
l1eedto be addressed with the luxury brO\vtlstones a.n,dluxuryflatsas id.entified in
City correspo.tl.de,nce d.ated August 31, 2005. Anysl1.are 'parkillg retluction.s that
\YQWd.bereviewed.. ~uldgrEUlted by the City pUtSua:tlt to. thepro'visiQns in the
SpecificPlanrela.ted totheMasterB lock shall be based 011 the. parking d enl and.
<J.11alysl.s .identified... .in.the "1'ustinLegacy.Co111tnumty...Core.. 'M.ixed..:'U'se
Dev'elopmelltPllasesJandIISharedParkhlg Study, dated J(U1uary 2006, as
amended. to reflect tlleadoptedwrittel1 itnplementation strategy."
(e:> Sectlo'n 1;7 (d) of Attachnlent28. to tIle OriginalDDA is hereby
amendedtcFaddane\v.sel1tence to the end of the section to readqas follows:
"Devel.oper shall..alsocolnply with all cantin.gene)' con.ditions contained in
Section 3 tbis.Atllendmentas it relates to the designxlpgrad.esofs'llCll bridges.'"
(f) SectiQIll.9(a)ofAttachrtlent'28 to. the Qriginal ])DA is hereby
alll1el1,aedtode:t.ete"Very" in th.eseoond to the last paragraph..
(g) E:xhibitDofAttaehmellt28 totb.e Origil1al DDA is hereby
anlel1ded. tOl11odifytbe'acreageofth.eSports ,Field'froma.totalof 10.4 acres. to 9 acres
and removal oftherefere.nce t.oa detention facility.
18403~656018(i. 5
5
Resolution No. 07-29
Page 7 of 45
(J1) Exhibit E of Attachmellt28 to .tbeOriginalDDA. is .hereby deleted
i.n.ltsentiretyan.dane'w E;xltibitE{rev. 'lJ,in the formaltac'hedhtJ~retoasSclledule 31$
substitu.ted in its place.
(1) E:xhibitForAttachment28t<J tIle Origillal:D.DA is llerebyd.eleted
in.itsentiretyand...a. new .Exhibit.F(rev .1.) .., .m.the fonn a.tta.ched.lleretO(l$.. S.clIedule .4.18
Sltostituted in.i.ts ..place.
5. Miscellaneous.
(a) Agreenlel.lt.R.atified. Except<as speciflcally.mnendedorlllodifieci
l1erein,eaehand >every' term,: covenant and condition of the Ori~inaI DDAasanle,nded is
.bereby ratified .and..s.b.allrell1.alll,..il1..ftll1..fo.rc.e and. effect.
(b) Bi.lldillgAgreeln.~.rtt.. Tllis A111en.dnlellt shall bebin.d.iIlg UpOll a11d
inuretoth.e .bene.fit. ofthe.parties.llereto, th,eir legal representatives, successorS an.d
pennitted assigns.
(c) Go've.rn.i.n,gL~~.. This .1nsttulttellts]tallbe 111.te:rpretedwld
construed in aecordancewiththelaws of the . State ofCalifol11ia.
(d) Exhibits. TIle Exhibits. attached to this Atnel1.dmentare hereby
incorporated by this referellce into tll1.sAm.end:ment as tl1.ou.gl1 fully set forth in. this
Sec.ti.on._
[signature. page...foTlows]
ResoIJffefR:N8~1~29
Page 8 of 45
6
IN.'WITNESS..'WHEREOF,. .Cit.y and tlle . Developer.'llave .execlitted this
,An1.€Ila:ment.asofthe..d.ate.fi.rst set..:forth above.
~'Cl'TY'
CITYO'F 1~QsrrIN', CALIF'ORNIA
< Dated:
By:
Willia111I-luston, City Man.ager or
CJlristineShin.g.letQn, .Assistant Ci ty
'Mal1:aget
"A.UTH.ORITY"
TlJs.~rlN"PUBLIC,FlNANC,ING
AUTHORITY
Dated:
By:
WillimnIltlsto:n, Executive Director
or Christine.ShingletoIl). Ass.istant
City<M.anager
ATTEST:
By:
Pal.'nela$toker
C.ityCleik
D.ated:
APPROVEP...AS...TO.F(.>f{M
Speoi.al..Counsel.fQr.tlle..City
8T.EEFEL~LEVITT&'WEISS
A. P.R.OFES'SIONAL..CrORP:ORATION
J3y::
Cla.ytOl1..11. ...Gat:itz
1.8403:6560186.5
7
Resolution No. 07-29
Page 9 of 45
'~D:EVELOPER"
TU;S'~rIN 'LEGACY COM'M"UNI1~Y
.PA,RTN.E.RS, l~LC,
a Delaware .linlited liabilityeom.pany
B.y: Sllea.Propelties,.LLC,
a Delawarelimited..li.abil.:ity
cOlnpful)', Mal1aging.Mernber
By:
Name:
Its:
,By:
Name:
Its:
Resol ut~t\lMij9tJ'.529
Page 10 of 45
8
By: Centex.Hon1es~
a Nevada ..gel1eraJ.partnership.;
aM~mber
By: Celttex,Real Estate
Corpo.ratiol1,. a 'Nevada
corporatiol1,
M'elnagingGeneralPartller
By:
N:anle:
Its:
By: $heaHcnnes Linlited Parnlership,
a...Califoll1.ia lirnitedpartnership,
a Member
.By:
N.at11e:
Its:
By':
Nan1.e:
Its:
18403:656018'605
~
Resolution No. 07-29
Page 11 of 45
SCHEDUL:E 1
Changes..to Timi.D:g.O'(
Tustin..Legaey..Backbone..lnfrastructl.1"re 8I1d..Locallbf..astructure .in
Attachme'nts 10& 11
Resoluff8A3~ij1'~9
Page 12 of 45
10
Disposition and De\#'elopment Agreement (Master O'eveloper
Infrastruoture Improvements Moved from Phase 2 to Pha$$ 1
Local Infrastructure ImDrovements (Attachment 11 in the DOAl
Jt.m R.a.cb. Cost
Storm Drain
$59,:288
$54.169
694
'809:
S'anitary5ewe,t
3:27'
a2fl
82.2
'824
:lYl5
Potable Water
Recfaim'ed Water
723
'722
.864
Dry l;Jtititif)s
TotlJI.lIifrastnu1ute Costs Iftl)'telfj'rOIIl Pllase. 2 to PllilSU 1: $12.152.661
Resolution No. 07-29
Page 13 of 45
SC'HEDU'LE.2
Attacbment 17 (rev. 1)
ResoldM9A:~.t~-29
Page 14 of 45
1.1.
ATTACHM$NT NO. 11
SC'BE'DULEOF.PERFORM.ANC'E
"NOrrE: Refere'llcesbe,,"ein to "the Agreement" and u'O,D.Au mean the Tustin Legacy
:Dispos.itio'n and .Development A-greement (Maste.r .Developer) whic,b this Attachment IS a
part; references to HAttachments" lllean tIle. Attac'bluents to the .DDA unless otherwise
specified~ Except as ot.herwise lIoted, all capitalized terms defmed within the DDA and
tfu~' Attacnnle:nts shall retain the m~a:nlngs as defi.Iled lfi the D:ispositio:n and Development
A,gre'em.en.t Refere:ncelQ this Attaobme:nt IS fOllD.d In Section 8.2 lof the 'DD.Aj
ad.ditional refere,ncesto specific sections of the 'O.'OA .UIa}' also be noted as they nlay apply
to any actio 11 or timing item. References. to the defin:ed terms City and. Tustin, in the
SCllcdule ofPerfortlltttlcC) are itlterchangeabJe wllere app.ropotiate.
Action
Timing and
A.BY Contingent A.pprovals
1) EXEClJT10N O:F AGR:EEMENT
a) Develo}.ler.deli'lcrs executed ~DDA and
Attaeh.mellts .a:nd documents .reqliired. [1 8]
No later tb.an. 5 .Bllsines8
:Days prior to City Council
action on the A.greement
1)) DeveloRer tteliv~x-sbinder()r certificate evidencing
ins:urancereq'uiremel1t [1.8 10]
Cone urre.n.tl Y' tlpOn delivery
o.fDevelc,per e:xecuted DDA
and Attachments to City.
c) Developer deliverselltity doell.meats [1 ~.8.2]
Concurrently upon delivery
o:f:D.evelope:r executed.DDA
and Attachm.ents to the City.
d)C-ityexecutes :ODA
Witllil1 :3 'Business .Days
tbllowillg City Council
approval ofD:DA alld
.Attaehm.ents.
e) '~EffectiveDate" of'O'DA
:Oate after exec'ution by City
ofD.DAand Developer~s
paytnel1t to City of all City
Trallsaction :Expenses
t) Developer delivers 'Performance D.eposit [1. 13]
Within 5 .Bllsiness .Days
.following City Council
ap'p:roval of DDA. alld
Attaohments.
- 1 of 28 ...
Resolution No. 07-29
Page 15 of 45
g) Delivery of.Bxecuted.Agre'ement [1 1.0] 'No later than S"Business
Days after the execution, of
O:DA by Tustin" Tustin arld
.Devel<).per shall eac.h deli'ver
an executed original
COllll.terpart of DDA to
Escrow Holder.
2) 'DE;VEI)JO:P:ER ACQlJISITION AN'n
S:U'BI~.EASING OF 'D:EVELOPER FEE AND
D.EV'E.I..,O,P:ER lJEAS.E P.ARCE.LS
a~A8E,l = ,. . u" . , ."
i i) ;Ph~ 1 .. ne:velo:per~s Coitcfitio)]S Preceti_t
OJ to Clo.seofEsel"ow 13~1.3t .' . " . ... .
-(1)~t:~W:~:;~;~~~Qeument I ::C~~~=::f
mm. . (2) Title Cmnpanyissues to Dmrelol)er Title. II'Ralatenban ),,'lbJiness ..
Pofioy [3.l.3(bD:' ~ )J]' .. . ... . II/E>. '.. a. y....r.p....ft.or to:Clase o:f>. .....
II Hserc>w ·
........ ....HH ...... ........... . .... ..11 . ..... .................. . .. ... ...
== (3) g::a~t~if1s1:~(:rl.~OPies d'aU lIg:::::~~~~~
... ............... ..~.. ........ ... ... . ... ]~sc:row~ . ..</.
.... ..: . .. .. ...... .... .........:'~....:... ...
Ii) Phaset- Cfty1$.Condid0I1S P~~.edeJlt to' : ~ ..;.;;..;;..
e.' .'.105. .eof..'8..... ".e..:r..':o. .u: ,. ...::....1[...3....1.:/ ~.:. '4.' .'.'..1<.... ...... .. ... .ii:..
:'. 'u... . . u'.. u ..' ......$ .~..-~V:l.,.~. ,.}. ~... ..... . .11.. . ..
- - (ll Devel~del1v~~$ to EsctQW':a:ll do'Cutn'etl.tNo later t1tatll Bus~s
dm~es [:S.!,~)l ::~~~rtotbeClo~6f
.C2ftity oormrms that\DeV~loper is ill ........ .~G.lat~i::tfla.fil .Business:
==:~~ l~c~j.l~Of ~..::............s.a...::l...~ ~:.. r....'t.. ....0... ,p"l' .:....:.:.J..:.'.,.....O.~.......i....~:....:..:1.n.~.: It,..0:......::...:.:.......:...s:.,.... G....:.....,:...:l:..::r:...........ss.~.......s..ee.:....::..........:..:.......:::: O..:...lf...a.............;v::.:.::.:.::....s~...:................/. .....
,("3). O.........:.......:....e.....'V.:::::..~lap.er.u.:..:i]..tl:..e~l..~li:e...~r....s~:/ to City:mdeime of~ YY U:llllj :.0... ___ · lJQ.J"
-=Cmg (3y1.~4(d)] ~~::o:.the ~'Of
.'
Resolution No. 07-29
Page 16 of 45
... 2 of 28 ...
I"
.. 3 of 28 -
Resolution No. 07-29
Page 17 of 45
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Resolution No. 07-29
Page 18 of 45
- 4 of 28....
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Resolution No. 07-29
Page 19 of 45
l;:::iIilliiil B_e!II~!.I..il.~IIIJJll' ...... ">>:iBi.i:ffQlliteiitlian'>>"
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Resolution No. 07-29
Page 20 of 45
- 6 of 28 ...
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Resolution No. 07-29
Page 21 of 45
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:l'S;:.~~\I::;:e
Resolution No. 07-29
Page 22 of 45
- 8 of 28 -
...............
H
~t.~t6Jer~~.
.'. .' ..... ....... .' '~..'~ .... ..... : ..><1
N6i: .D..em6.et.a~.~.~_m'./
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11"~lr()~'.I.~:~jlliill>le
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I.JjQIU~i.i...~as~mG~_~:....~IIfi$,..................... ..~ill~R~~......~.I.t~tl~stea...................... ....
l~m_G~IG__~I~.._~: bil/j~I~UmeQ~$ :~:lit~~.i.Goli~u Ill!> ......
"me.Ii)"leialeneiesma~' ~B\l~ ~~tiQ~: . 2~1;1;;I;"""
;.I.....i:iel......a.lltC)~als...:.i(l;fJli:ffds.Glutte.......... .............
';;,01;1;; ~.!eMtsm.I'i:...e:iN"a~ OIl'f.,.':0:11:" ,"" .
f;;"'l;;'::::; _~I_.;IL!.m;Beas Im~;liJ~ ::1:: .... "
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1ISUI.l.~.::<I:Il1I~:ls~..:eQ.s.QtlQI1...peml~~s .:~~~.Ut117eS'011sl'Dle...a.Sen0.~
.1...... ~- :-~-- .~~~I~ISL_ --.
:'~r;~ ::De1~el~g~r~IM~l~JSes.R.eg~es~:.fQr.R'lus . 'niliunQrmal.umji.!rtimes.
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.tI1~l~i~~~~~ts.....~i~.:mll1i~~d
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:Q(>;Bliti<ln.Brtlettett.tite ..............................................
....:lUli'-$I.i>6..W011 Ptta$e.~.'..'
';,~'JL::TSl7\"A:'jS' . I:'~:;"." t.~:C:;;i. ?tl'OI"~
.I(l:r":~::~'~l..:el'()n. ~.D,,'"a.,......... ........
.l.tj:l.ess.lllle;l~ise:'W'"ai.,.el....as...................
Ic).:..::i:~~ili~:~~J.;...imLit()jemeJf1ts...............
,1~ri.}\::Secfibn8~~iS........... .......
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- 9 'of 28 -
Resolution No. 07-29
Page 23 of 45
................11 mi~i:al.....slID.mit.t.als ..n(Z).......later
It~lian: ...............
M: .ugista~,2Qm'l><
~m': 1I~_ii11nj~~allJ~ //
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IIltiaslmGBtJ1~ ~1I.ansll dd.ltlGum_ts~ 11m: ieIFtlU~~~; rz<JjQ'Jl< .......i
..........:1// ........ .... ND: ~eeCiUli~3}.i; 200'7
: ...:iiii.i ... / . ::.:.:.:......:.....:... //// / .:..:.;;:~~II. /::
../....< ........................;r.. .........;d> ~C)-mnIBle submilfils Ir~
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>< ;.;...;.. ...~..""m~.... .t>..~.q"'"l.,..t.t!'T.77?.~...fl>i<
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$ei.ter<tIB': .~elltali:~e.lJl.aet <<
Iilii~~I.;$~~::.../ .......
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>> ....>>< 1~.~.IIlI"lS~Bli:ls..~t1...811~: .......
................
<<<u.<I'.r8;...S.tl.l.lies.:as.:are< <..............
>< .......... ........ Cl.lle.lild fe:bl. nle~SSat~
>..>>"i.. .i; 'o'v.' ....IIl~Oit.". . ......... '.> ...
////..i; .:.;;/i!:il';~'~~t~::: . ..../ ii/
jljliiil:!i'i!i"'!i:iIlBSiier anaei~meJJ:::Fej~~jll,"e_Besl.ch.ieSinRir~.ll()wiI1S sul)niillafl to Cit~i<
aua'.Bi~~en~al?:lm~alsiflm.:lte WaXrY'..aler........................... resDlll.$iiillfJ~...Hd witnin ..........
efjnslltMiDn..:0fI.~_~~ RarG~ls..0-fi ()tl1ur .re"iew.Me..fiamesC1eihed .......
/< ~:__~.!8jl:i1.ilQr l?msm,Ba~J~:II~i::f:Jliertes~l1Sib~'< .. ..." ....
.. ......>msr.imllmllcQnm0m~ ~m.ft;I{[fj~)j~Bl1il~i. asellcies. ........ ....................<<
.< ..', ...... ...... ..w ... .::lli~L .':I",
.~.,"~.~~~iiIiIl.p~ ~itlDn::j~...en~;ma:. if:
.~;.~~~it;iQ~....()t.....~_t.W~~Id.<);~$.....~~.......~:..IuQ:~Q ~t.lllQ"ing.....$~l1m.tt~~l~...~~.........~.................. ...................
{:(L"I,~..~I~;~::':~~S~:..... 011G~ti~n..~u~ts.'
;.I;~oo;iQfiD..~~.I~"'*r ~Il~;.pil~~~all;
:~tl~jQi~i.~n~.I~.~II.~: : rii~j'-pa:tQs_(l.siDl~agen<?y
e'n:lc~iQ.>€it!~ ...........>> ...........
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amllr()~ll..:o.1f'...g~al....:BackDQne
tt~.!"1ilj .. I .:: .':1~1: .;.. .1: ..... ..1.1'; ..... .;
............ .....~~~.i
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(tit;)ei~er;&i6Iiits~~ijl.}1(}~::.
m.as:.Gmte..e~.s:an.i.ttl0GUmertts.
.
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....
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~1~~~'~~~~'isl~.~J..ii
. .i.......tj8sl.ef.J.lre
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ii< .........
Resolution No. 07-29
Page 24 of 45
- 10 of 28 -
- 1.1 of 28 -
Resolution No. 07-29
Page 25 of 45
. ......
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tditei...~ja~l(t~I..~::lvJ
'GC>lTEec~i011sana..eencJiti()ns H)
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.............
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1l.ui]l.aijt1fI.:."e..i~s:....rQJ1'........ ................
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m.ont.IiI~I)D:~~lal.g pem1l.it)H
) i$'$lJ;ltl.1e~.H .
: ...........
.\i~i... ....j~~!~..~lmlletlUD.~.U..::ii..$~J;l~~IW~i~il&1seB
Il.I~4~!~:~iJ.~.I.... 1).$la;l~l1e~:~Jll.;plel(jI:..ft&!litet:
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il:
...................~'I[::.IIJIl$~:.....I......~.....2Ift:Q.tl.P:I;I~.:!j!iljii:i.IJji.!:::B':J7Qi:i$:el.[j[.[.:.[.:.:.:.:.:.:.:.'
Im~_~b_bll~OI..rl_.n.. 170 ~
.,............ilr..l..tlIIJI.I~.)I1~aiilii .\;u\ Jt_imil@jijf&;.I<>:t&d~le
'.. . ...:'tl)~:Silll....:~.ill_~n; ~11.eii~~.'...:~li..:I~~ei.~ '~IJ~_S...i.iJI.its...'.SJ.)...I...::I~Blt.....'.'......
.tllan: .un~i~.~i:t~.:.1'~0~:al'.Q!I:~lle.
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: ,It)li"-~.~II: Se~:e~tl\t>~..u;ari1tl
ati1.et1I[t1~i'f~~
Resolution No. 07-29
Page 26 of 45
- 12 of 2.8 ..
- .
(2) City considers alld either rejects, requests
changes to, or approves f\ftordable
l~Iousin.g Purchaser Selection and (~ri teria
Plan.
(a) .Builder(s) shall COlllplete any
111oditications or corrections to the
J\ffordable 'f-lousing .Purchaser
Selection and Criteria f>lan as C:ity rnay
"[{eq lles t.
(Il) City considers approval oftbe
f\ffordable Elol.lsing Purcllaser
Selection and (~riteria Plan lor V cliicaI
Builder(s) project.
~""n_"~"~ ~~-........~____..............v~n........nn.nYnnnnn-.'nnnvn"""..u'.....""""",,,.........n....nn................nn..""......n........................nnn.........n.n.n.n...........n..nn..n..nn...................~..
~~~~.._.............._............._........._-_.................. .. ...~....
xvi) RentalProjectsl J
[-'_.... .. ..{ lr~:~Hi:~%~~~t~ -~~~~;:~~~~~~-t:<~~~t~~~:~~:-~
(2)'Ncighborhood 'D l\partlncnts - Developer
shall cOlJlplete construction of apartnlents.
'vVithi11 15 Calendar I)ays
following subnlittal to (~ity.
With.in 15 Calendar [)ays
follo\ving submittal to C~ity,
vVithin 15 (~~alendar [lays
follo\vi ng subnlittal to Ci ty.
No later thun
Deceltlber 31 ~ 2010
No later than
Decelllber 31, 2011
- 13 () f 28 -
Resolution No. 07-29
Page 27 of 45
Resolution No. 07-29
Page 28 of 45
- 14 of 28 -
- 15 of 28 -
Resolution No. 07-29
Page 29 of 45
Resolution No. 07-29
Page 30 of 45
-16of 28-
- 17 0 f 28 -
Resolution No. 07-29
Page 31 of 45
Resolution No. 07-29
Page 32 of 45
- 18 of 28 -
-190f28-
Resolution No. 07-29
Page 33 of 45
Resolution No. 07-29
Page 34 of 45
- 20 of 28 -
(3) Dc'velopet Sllbluits to. City any
..SubordinatiotlGOnsent requested on City
..' , :tQtlll. [3.4.4(b)]'. .'
'. . .'. ,..:.,....,.. .... '. . .'. ,'....
....... ,:'.' ":.. . > .... i'
., .......... iii) 'J>llase3,-(Jity'~~~nditiollS l~reccdent to
Close,..ofItscrQ~ [3.4.5]
: "':,,., . '.. .:' , .. ..' .... . ,. ..
. ..... '. < '... ". ....,.. ',.'. :'. .:. :..:,..:....... '....... .:' .
..' (1) CitYC.()li'filTl1sDeveloperhas satisfied an
Gelleral COl1d.itions, or City inwriti.ng
waivessuchcOl1ditions [3.4.5(a) & 3.1.4]
. .....
.... '.', ..... '. ".... . .
--,- (2) De-vclopcrdelivers to Escro\v all doCnhlCll.t N'olater than 1 'Business .....
deliveries required [3.4.5(b) & 3.1.4] Day prior to Close of
i" ....,..., ..' . Escrow.
. ' . '.' ::
. .
.
(5) 'cjty confirms St.ibstantiaJProgress towards No later than 10 Business
Completion of Phase 1 and Phase 2. Days prior to Close of
.' [:3.4.~(e)~11d[3.4<<5(t)]] . :E,scrow.
'. :- .'
,. ..... .'
. .
.' .
.' ....
.
.
{3) Pevelop~r Delivers Ehase 3 Closing
'. '.Ptt)'tl1e!lt[3.4* 5 (h)] . .
", '. ',"
,. . . . '. .'
.' .. .'
. ' .
. ,<
.
..
(4)OA...,.,.,<.t,......Y .....,Hc.O~.,...,...]!'l"'...s.~id..........,e..... 1".8,(jPP1#oval of Subordhlation
'. :.:. :......,.- ...........~.." '. ..'...... :
'.. [:3,,'4~5 (q)]<.d .... '. ..... . '.
.:',.
. ..... .'.
. .,:
'.
.
.
'.,":.
..
'.
.
.
. .' '. [3.4.1]
.. .....
.: . . ....... '.
. . ......
.
..'
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.. .
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.:. . .
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. . ....... . . . .
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.
.... .'
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.... .
.
.v) ~bll~e :l.-;:Yerttc~1 Builder(s) and Sector 'c'
Map,~, ElltitlelllenJ~ & (::onstruction of,
Improvements... .
. ." . . .. :..:......
.
.
- 21 of 28 -
N~() later thatl 30 Business
.Da.ys J?rior to Close of
'Ese-row.
.
". .
.
> :.:.:
.N'() later than 5 'Business
:Dajlsmrior to the Close of
i Esc]:o\v.
-,- ~-_.:'.. No.t later than 1 Business
..... Day prior to the:Phasc 3
..:' .Clos~'of.Escrow.
.
'. . . .'
)N:(llater than 5 Business
l)a}'~prior to Close of
Escrow
>
.'. '.'
..
. . Jlllyl, 2.011.or earlier per
. ])J)ASection 3.4.1
providedthat escro\v shall
J10f closelllltilDevelo.per
c6mpl~tio.t1of all required
COllditlQ'Osprecedent to
escrQwclosing in theDDA
~nd compliance with
SectioI13.4.3 of tl1eDDA,
except . that sucl1date.ma y
~lsq b~ .extended
perPDA Sectiol13 ~4.1
... ..
.'
. .. .
..... .
'd ....
.
'..
'. .'. . ... ...... .
Resolution No. 07-29
Page 35 of 45
I
". ."
(1) VerticaIBuilcte:r(s) subrnits cornplete
Pt.clirninaryPlans
Withir145 Calelldar Days
following thccollveyance
froll1 IJe'Vcloper to"Vettical
Sui Ider€s).
.J
,_..'~m,"_m'm;'u U '.__.uuu_.u<..__,~..., ._uu-;',u'uumuuw~,<.,uu'mw';~<u,u.wuuu.u..,..u__u_u.,..
. .
........ .
........ ..
. '..
, .
(2) VerticaL:Builder(s)sub.ul.itsco rnplete
Tentative VestingTract Map and Design
.~e\riew'.':~p.pliCtltioll,(trly.other' ell ti tlenlent
app lioatio.ll req uested,asapp Ii cable,'\vith
cotnpleterelated dra\vingsand docnnlcnts
to City. City reviews.collcurre.litly reVIews I:
in. its 'Ciovernnlclltal Capacity and
Proprietary Gap~city. j
.... . .....:........ .... :: .... . : . .... ..:..... . . .'
(3) lJpotla::dct.~rmil1ationthattheDeveloper Withitt21 Calendar .Days
.hru3sullt11itte(lacon't.plete~pplicati()n and tol10 \ving subtni ttal' to . City
completion of any e~vironmental of modification 01'
documentation~ and written approvals from correction requests
the ..Na.vyaflerconsultati().n. OI1LIF OC
Pa"J:Ge~s~. Cit;{in .'.its'. Governmental....C apaci ty
takesactioflon a Tentati ve' Vesting Tract
Map, Co n.c ellf.Plan: & <Desig.n l{eview.. ......... .
. . .. '.' ......... ....
:. . '" .:. .' .' . '..:. . .'. '.
(4) Vertical Builder(s) submits Final Tract Within 90 Calendar Days of
Mt acp. with ;~~ated drawings and documents ,City Council approvals.
. .0. _I.tY~(..".'.,..,.""."., ................ . '. ...... ...... .... .... ........ . .. ...
.__ -........ . .~:.., ....m..., .......... _ M' ._ _ _.. .__.............. . _ _ ..__
. (5fCity considers appro var'o f Final Tract. . Vertical Builder(s) shaH be
Map(s) ! responsible tor completing
. all City, Count~. and other
'. ...... . ..... .... .... ...... .... .. . . . related ageflcY(les)
corrections and conditions
of ilPproval of the Tentative
. Tract Map to the . .
. satisfactio.n of the City in its
I .. ..' '. .., '.. ....... '" solcoeliscretiQn:." ". '.' .
. .... .' .... . . . .......... .... . ~:......... . .....-,--- '.' ..... ................... .....
". . .... '. . .. ......... ......... ..... ... . . . .....
(6) Veliical Builder(s) causes the Recording of.' 'Within 15 Cale;dar~
. the Final Tract Map(s) . following approval of the
Final Tract Map(s) by City.
: .: :' .' . .;'.' ..' .:'. ..... ;. .::. ..... . ..... ... .
'. u." u u ........... ... · . .... . . ."" u . . · "' .U .' :'. . . . ." . . . ..... . . .' . '..: .' ...... '" .. '.'
i .
I
.:
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!
Resolution No. 07-29
Page 36 of 45
. .
Within 21Cale.ndar Days
following subtnittal to. City
I OflTIodification or
correctio,n requests
.
'.. .
. .
. .......
- 22 of 28 -
.
(7) VerticaCB1Hlder subnlits COl11plete precIse
· gradirig,and vertical and .horizontal
improvement plans for plan check
...... including all necessary submittals and
documentation required for plan check.
'. .
. ..... . .... .' .'.
(8)Vert.ical :Builder(s) cotnmences
construction.
..... Within 30 Calendar l)ays of
df'fentative 'Tract Map
> approval.
...
.....
...........
. .
rwiihin 30 Calendar days
jfollo\ving issuance of
. buildillg pernlits for
Inlproven1ents on
a:pplicable Vertical Builder
'. deve]opulent. sites.
. .'. .'
... ..........
. ...... (9j'^'"Colllpletion ofconstrll'cti'~n -of the '"'~ Vertical Builder(s) shall
. · '11 ,.1 . . ." ... .. I .....
. rn!)rOVCluents .. . comI) ete constructIon at
. .... '. '. ..' ..'
.... ...... . "llnproven1ents\vith24
. . .
.... . ............ '.. . fil0 ntlls of buildhlg pernlit
... issuance.
. ..' '. . ". '. .. . ..' .'. ......
. . . -' '. . .... .
.. .... . vi) 'Pbnse 3 .. COlrip~~tioJ] oflVlininlUltl ,Phase .. Phase 3 Minilnunl Phase
....c .......~ '.. ..' .'. ". .
1.14.4.1(3)"1 H........... . ... sllall.be cOlnpleted no later
. '..H'"
than July I, 2019.
...> . .... . . '. ..... .... ..
Gd~~SB~;;;,,<' ., ..... ....
'ii '.:.el~.~~.~:' ~::'.jM:~I~le~'8 "6.~lItlitio.D.S 'BreQ_:U~DI :::...
.::'! ~tl. .~IIl~:~' '~llll~~:r:~~~lr:: [$~~~~:J .,
'" .' .
.... .' ...
. . .
. . .'
. . . . .
..' '.
'. . '. . . .'.
. .
.
....
.
."
. . .....
. .
. . .. . ".:",~ .....:..:. . :: ~~. ~'. "
.' ;......
... '. ..... .:" ::,1:-::, ;
'. ",: . " . ::: . ,: ~.
:'.r:.,~~ii'~~tle
':'~'._.eItI":::I.I~eeli me
:~'.~li~...".~I~rmnellt, ~tate
.......lll..:.ml;:m]'i~fQ.lie :" '.?' '.
:"':~~~~.at.~ai.:"!ii~'i:me ~i'tM.....~~
'.J~~~l~I~~!::.j~tl~:!.i!$~~~.t~fti~ ~i ~.I~a)
:.:~~.lIull.ejmetil~ ,.'.
. .
II ,1111~110111).lII:;iB81te41 f~ 1~tl.St1 i~ Il~)t:a
: 111.~_i~;8:::.:i1IRI::[~I~:':.:RillmiE::.~~i:lmrli:1 '~aD
,;;=;7~'j.:meieI0Ier~d irs ml~d.... .....
.. ;:.af\~~..PIr~;;=::=~ ...:I~.;';;=:~j
'.' "; :';":' , " '^.,illtll::!.mlt~~i.illI(JIJi:ltllml(ln~:, ' ' :" :', " ....II~m~~.::.::::t::::ii!;:::i::::;,:.:.:.:.: ';:;:.:':"
.. . . :ft';::'!!,I:::i::;::' , , ,,:,,:':':''',':':,:, x ' " ,. .,... ., .. ,. .". .,. . ...... d..." .. ::~:::..:/;.s:.: ::::r.:: }i...:. ::'.~':f.;;::':':'...';-:~:.:)<J~; :,": ~f:. .
." ... ... ,,,...., ".: ::>.>: "':.~.::. ~ \~.::;:;.:.~:::.: {~;i,::~;: ;::::::;;~'T!~:.:::.:::.:;:(:: .;::;.;:.~.'.:;:. "':"'::::~::::/!:'; .~~: . ~ .::: ~':. ..' .' ,. .. . ..'~ ,.... . .. . :;:.:. .:: ::'/'\:i),,' {.:.. ".' :.: '. . .).~ :'::::(,j ::::\ :"'l..:: .:.:(' .. . . .
:~:la~~;I.~SS:
'.:;:::::I~~mi~\I'~.?';::;:~:::;:::::'~::"k":;,::' .'::':" . . .'. . .,. . .'
.~ ....
- 23 of 28 -
Resolution No. 07-29
Page 37 of 45
Resolution No. 07-29
Page 38 of 45
- 24 of 28 -
i) City notices Developer of acquisition IJeases
parcels subject to lJII~~()(~ [3.9.11
ii) I)cvcloper's Conditions Precedent to each
Subse(IUent Closing (3.9..2i
(1) Developer confirnls that City has satisfied
all G'eneral C:onditions, or L)eveloper in
\vriting \vaives such concli tions.
Ir=-'~""'''''~_,"'d~ "i"ii~)'''cit;;~;~'''C~-~~'~;'~i'i'ti-~~lls .Precedent to eaell
Subset)uent Closillg (3.943)
(1) Developer confirrns (~ity has satisfied all
(reneral Conditions, or City in writing
wai ves sllch conditions
(2) Developer delivers to -Escro\v Closing
C:osts
iv) Subsequellt Closing - Closing Date [3..9..1)
4) PAI~rrICll)4L\"rION (f\l{rrIClJE 7]
Developer to Blake
[7.2.1]
,Paynlent to (~ity
- 25 of 28 -
No later than 30 C~alendar
Days atter the (~ity has
received a quitclainl deed
frOtl1 the r~~ederal
CJO'\lcrnrnent conveying to
the ('ity the fee interest.
~No later than 5 Business
Days prior to the <=lose of
Escro\v.
__._____m l__m______m .......
No later than 5 Business
Days prior to the C:losc of
'Escro\v.
--~._._.;;::;;=="""=",,.,,;;;:I
No later than 1 Business
Day prior to Close of
Escro\v.
C~ity to establish C:losing
[)ate upon notl.tication to
l)eveloper in accord \vith
Section 3.9 0 f this
i\greC111cnt.
60 days after the later, the
Developer sells the last
Parcel i nPhase 1 to a
VcrticaI13uilder(s) or July
1, 2011
Resolution No. 07-29
Page 39 of 45
Ii) I)eveIoper to luake SecondPaYll'lcnt to City
[7.2.2]
iii) Developer to Blake Third 'Paynlent to City
[7.2.3J
iv) ,Developer to n1ake FOluth PaYll1ent to (~ity
[7.2.4]
5) CERTIFICATE OF_ COMPLIANCr~ (ARTICLE 91 l_
i) Certificates of Conlpliance
(1) Developer subnlits request for issuance 0 fa
C:ertiflcate of COlnpliance by (~ity [9.3.1]
(2) tThe (~ity approves or disapproves the
request for issuance of a Certificate of
C~()nlpliance
Resolution No. 07-29
Page 40 of 45
- 26 of 28 -
60 days after thcFirst
I)etenninationDate \vhich
lS 24 1110nths after the First
Deternlinati on Date
60 days aller the Second
Deternlination Date which
IS 48 1110nths after the First.
Oeternlination I)ate
60 days after the date that
tile Developer has rccci ved
all revenues OI{ at the
option of the (~ity, a date
specified by the City \vhich
date shall be no later than
[)ccenlber 30, 2016.
lJpon c01l1pletion of all
Inlprovenlents required by
the DDA [Section 9.3] and
satisf~lction of all
l~onditions Precedent set
forth inODA for the
applicableParcel(s) or
Phase of'Developnlent;
provided that no C~ertificate
of C:oIl1pliance shall be
issued for any portion of the
I Project until COlnpletion of
the Miniululll Project.
J
\Vithin 1 0 (~alcndar Days
follo\ving SUbll1ission of
request for Certi fie-ate 0 f
C~ompliancc and satisf1tction
of all conditions precedent
set forth In DDA
ii) Final Certificate of.Complian'ce as to entl.re
Project 19..3.3]
(1) De'le.lol'er..su17nnits.request .fOf issuance. of
the Fl.nalCertificateof Complianc'e for
entire.~Pr<>Ject U)l City
(2) T.heCityapJlt"ovesor c:lisapPfo:ves the
'r.ecIUe$t.fo:r.Oi$sl.lmceoffheFinalCertifi:cate
ofC.olt1puance .for entire prqject
(3) Tl1eCit~shttI.Lca.use the 'Recording the
Fi.nal C~rti.fi,cat.tl ofCom.plianceagaJnstall
Parcels
6) APPRAlSAL.PROC.ESS 'WIT.H RESPECT TO
SALES Ol~" PllClPERJI~Y [7.9]
i) Stlb.miss.io.n of Notice of Sale by Develo;per
[7.9U2]
ii) The City. s.ball respo:nds to Developer'.s Notice
of Sale [7.9.2J
...21 of! 2.8 >-
Upon completio'n of all
Improvements .required by
(h,c DDA and. satisfactioll of
all Conditions Precedent set
-tbrth inDDA
Within 30 Calendar Days
f\tJI1Qwing.$ubmissio:n. of
reque$t for. (;ertifi c ate 'of
COtnpliance, for entire
Project and satisfactioll of
all conditio'.os precedent set
tblth. in DDA
Within 10 calendar days
:folloWing issuance of 'Fi.nal
Certificate QfiCornp11an.ce
by' Ci.ty.
Not less than :lO days pri.or
tQ tb.e' contemplated close of
escrow for the sale of any
portion of the Property, the
Developer shall deliver a
Notice of Sale to City.
Withi.n 30 da.ys the City
shal1respondlo Developer
indicating whether it agrees
thatSales Price re}lresellts
the Fair Market Vallle of tIle
Property.
Resolution No. 07-29
Page 41 of 45
1.101) A'ppraisal.Notice response O)t City [7.9.3J ....
City :notitiesOl)eveloper o.fselection of
(,lualifiedAppraiser [7.9.4]
v) 'Deve}QpernQtifi.cs' City ofdisp'ute of First
AppraJ.$al[1.9.4]
vi) Final and Binding' Fair Market 'Value. of
'Pro:perty [7.9.4]
Resolution No. 07-29
Page 42 .of 45
... 28 of 28 ...
If City- determines that the
Fair 'Market Valt.teof th.e
Pro.petty to be sold is
greater than. tile Sales 'Price;
theC.i.ty .may 'notify the
.Developer, wherCtlpon
Property will be ~ppraised
in .accord with Section 7.9.4
Qualifled:Appraiser
cOI1ducts~App:(aisaL If
'Developer does 11otobject
to the Fair .MarketVah.le as
determiu.ed ..by th.eFirst
Appraisal tnc'n this value
shall be th:e Fair Market
Value.
If Developer. disputes. First
Appraisal~theDeveloper
notifies the City in 10
BusinessDays 'I'ne City
atld Deve:lo'pe1" select a
second. 'Qualified Appraiser
to cond'uo~. a second.
Ap prai sat
.Fair Ivfat.ket 'Value of the
Property will be th.e a.verage
of the two A:ppraisals
SCH.E.D:U'.L:E3
Ex:bi'bitE(rev. 1) · to:Attu'?ument28
18403:6560186.5
1.2
Resolution No. 07-29
Page 43 of 45
SCHEDULE 4
E~bjbitF(rev. I} toJ\ttachment28
ResoluMm:~.Iff'f-29
Page 44 of 45
13
PhSS82.Closing. Reqyirernents
Re$idetlti.~l Com.pletiol1s
Estjm~ted.#.l.JnitsCompleted
Substantial.Ptogress.o;oRequired
Tc)'t~l. Required. Residential..Unils..Cbrnpleted
0/0 ..of. Tola.I..by..Phase
Residential Starts
Estiolated# Units Started
$u bstantlalProgress%Required
Total Reqqired ResidentialUnit$ Completed
Non .Re$identiaJ..CQlf1pJetlons
EsthllCited.SF Coropletions.(1)
SUbstantial Progress 0/0 Required
Required SFforSubstantialPtogress
0/0 of Totat. by Phase
Master .SJock Non . ResirJentiaJ . Completions
EsUrnatedSF Completions
Suo$tantlal..Progress % Required
Required :SPofQr$ubstantiaIProgres$
NonResidential Starts
Estim<Jted $FStarts (t)
Substantia.I..Ptbgress .~~. .Requlred
Requited SF for Substantial Progress
010 of Total by Phase
Master Block. Non. Residential Starts
Estimated .SF Starts
SubstantiaIProgr~s's OJi) R~qulred
ReqUired SF forS.upstantial Progress
Phase 1
RequlrementsforSubstantial Progress Related to Closing Requirements by Phase
866
750/0
650
580/0
1.518
750/0
1, 139
972,114
750/0
729,086
39%
433.1931
750/0
325.,043
1 ~258~133
75000/0
943,600
51%
668,331
750/0
501,248
Phase 3010s1ng Requirements
Residential Completions
Estimated #lJnitsCbmpleted
Substantial. Progress: o/~Required
Total Reqy ired Residentiall..J nitsCompJeted
Residential Starts
Estimated # Unl'tsCQmpleted
SLJ bstantia]Progresso/()Requi~ed
Tot~l Required~~sidentjaJ Units: Completed
Non Residential.Completions
Estimated. SFCompletic)ns (1J
Substantial.. P rogress> > 9/0 · Required
Required SF for. S.ubstantial..Progress
%. of Total by Phase
Master.Block.Non .ResidentlalCotnpletions
Estim.atedSFCompletions
subst~nt(al Progress % · Require(j
Required SFfbf Substantial Progress
NonResidential Starts
Estimated SF >Starts (1)
Substanlial..Progress 0/0 Required
Required SF for Substantial Progress
% of Total byPhas&
MasterS/oak Non ResidentlaJStarts
EsUnlated SF Starts
Substantial. Progress % Required
R.equired SF for Substantial Progress
Phase 1
t.560
900/0
1,404
1,560
950A,
11482
1 t493; 133
75o/b
1,119,849
600/0
903J~31
750/0
677)498
1)l54 .813
75%
1 ,391,109
750/0
1.465,011
75%
948,758
(1) Includes Master Block
Phase 2
429
750/0.
322
545
750/0
409
907.206
750/0
680,4Q4
230/0
NA
1~477,930
750/0
1.t08,448
380/0
NA
Resolution No. 07-29
Page 45 of 45