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HomeMy WebLinkAboutAGENDA REPORT 2005 0907 CC REG ITEM 09DMOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Barry K. Hogan, Community Development ITEM 9-M.- CITY OF MOORPARK, CALIFORNIA City Council Meeting ®# 9 -7 -'R oos ACTION, AgA:�_� Directo DATE: September 1, 2005 (CC Meeting of 9/7/05) SUBJECT: Consider the Ad Hoc Committee Recommendation on a Development Agreement with Warehouse Discount Center for the Property Located on the East Side of SR 23, Immediately North of New Los Angeles Avenue (Lot 1 of Tract 5004) BACKGROUND /DISCUSSION The Ad Hoc Committee (Councilmembers Parvin and Millhouse) met with the applicant and staff on August 31, 2005, to review and finalize the negotiations of the attached development agreement on the development of Lot 1 of Tract 5004 for Warehouse Discount Center. The Committee determined that the development agreement is ready for consideration by the City and recommends that the Council direct staff to set public hearings and advertise consideration of the development agreement by the Planning Commission on September 27, 2005, and by the City Council on October 5, 2005. STAFF RECOMMENDATION Direct staff to set and advertise public hearings before the Planning Commission and City Council for consideration of the attached development agreement. Attachment: Draft Development Agreement. � lopet \DEV PMTS', C" Warehouse Discount pri erv�Citv Shre \Comuity ev Ctr \Ageed a - �3R�steos �znt: C05tr0- 9 A gI e . andgea nd�2 a tsre�pce o rt � . d0 ocS� . . aAeCgoem�. �emfuan- �i � t y � ... 200.4 -0 =x ___ var de'k" ( O ®iG Recording Requested By And When Recorded Return "Co: CITY CLERK CITY OF MOORPARK i99 Moorpark Avenue Moorpark, California 93021 EXEMPT FROM RECORDER'S FEES Pursuant to Government Code § 6103 DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF MOORPA=__. A1,T WAREHOUSE DISCOUNT CENTERS THIS AGREEMENT SHALL BE RECORDED WITHIN TEN DAY: CC ATTACHMENT 000165 OF EXECUTION BY ALL PARTIES HERETO PURSUANT TO THE REQUIREMENTS OF GOVERNMENT CODE §65868.5 DEVELOPMENT AGREEMENT This Development Agreement ( "the Agreement ") is made and entered into on, by and between the CITY OF MOORPARK, a municipal corporation, (referred to hereinafter as "City ") and, the owner of real property within the City of Moorpark generally referred to as Commercial Planned Development Vest 2004 - 035425 (referred to hereinafter individually as "Developer ") . City and Developer are referred to hereinafter individually as "Party" and collectively as "Parties." In consideration of the mutual covenants and agreements contained in this Agreement, City and Developer agree as follows: 1. Recitals. This Agreement is made with respect to the following facts and for the following purposes, each of which is acknowledged as true and correct by the Parties: 1.1. Pursuant to Government Code Section 65864 et seq. and Moorpark Municipal Code chapter 15.40, City is authorized to enter into a binding contractual agreement with any person having a legal or equitable interest in real property within its boundaries for the development of such property in order to establish certainty in the development process. 1.2. Prior to approval of this Agreement, Mitigation Meni teri ng and Apprevals as defined in subseetien 1.3 ef this Ag,..^..,,,,,.n the City Council of City ( "the City Council ") approved General Plan Amendment No. 2004 -3 -04-22- ( "GPA 2004-3-04-2-"), for approximately 4-4- -8.15 acres of land within the City ( "the Property "), as more specifically described in Exhibit "A" attached hereto and incorporated herein, 0211). 1.3. GPA 2004 -3-042-1 ZG 2003-02, Vesting Tentative —Tr e+. na 5425— R-Z-ae ''4�;— and Rcsident4 Conditional Use Permit 2005 -04, Commercial Planned Development Permit No. 2004 -3-03.2- (RCPD 2004 -3-03-2�) [collectively "the Project Approvals "; individually "a Project Approval "] provide Gliea arehouse Discount Center Dev Agr 0222 2005.doc —2— 000166 for the development of construction of certain connection therewith ( "the the Property and the off -site improvements in Project ") . 1.4. By this Agreement, City desires to obtain the binding agreement of Developer to develop the Property in accordance with the Project Approvals and this Agreement. In consideration thereof, City agrees to limit the future exercise of certain of its governmental and proprietary powers to the extent specified in this Agreement. 1.5. By this Agreement, Developer desires to obtain the binding agreement of City to permit the development of the Property in accordance with the Project Approvals and this Agreement. Developer anticipates developing the Property over a maximum of oneee ( -31) year -&. In consideration thereof, Developer agrees to waive its rights to legally challenge the limitations and conditions imposed upon the development of the Property pursuant to the Project Approvals and this Agreement and to provide the public benefits and improvements specified in this Agreement. 1.6. City and Developer acknowledge and agree that the consideration that is to be exchanged pursuant to this Agreement is fair, just and reasonable and that this Agreement is consistent with the General Plan of City, as amended by GPA 2004 -3-04�. 1.7 City and Developer acknowledge and agree that the conditions and requirements of the Development Agreement adopted through Ordinance 220 for the Special Devices, Incorporated project will continue to be met, unless modified by this Agreement as long as the Development Agreement adopted by Ordinance remains in PffPr _ 1.8-7. On , 2005, the Planning Commission of City commenced a duly noticed public hearing on this Agreement, and at the conclusion of the hearing recommended approval of the Agreement. 1.9 -9. On, , 2005 the City Council commenced a duly noticed public hearing on this Agreement, and at the conclusion of the hearing on , 2005 approved the Agreement by Ordinance No. the Enabling Ordinance "). Sliea arehouse Discount Center Dev Agr 0222 2005.doc —3— 000167 2. Property Subject To This Agreement. All of the Property shall be subject to this Agreement. The Property may also be referred to hereinafter as "the site" or "the Project ". 3. Binding Effect. The burdens of this Agreement are binding upon, and the benefits of the Agreement inure to, each Party and each successive successor in interest thereto and constitute covenants that run with the Property. Whenever the terms "City" and "Developer" are used herein, such terms shall include every successive successor in interest thereto, except that the term "Developer" shall not include the purchaser or transferee of any lot within the Project that has been fully developed in accordance with the Project Approvals and this Agreement. 3.1. Constructive Notice and Acceptance. Every person who acquires any right, title or interest in or to any portion of the Property in which a Developer has a legal interest is, and shall be, conclusively deemed to have consented and agreed to be bound by this Agreement, whether or not any reference to the Agreement is contained in the instrument by which such person acquired such right, title or interest. 3.2. Release Upon Transfer. Upon the sale or transfer of any of Developer's interest in any portion of the Property, that Developer shall be released from its obligations with respect to the portion so sold or transferred subsequent to the operative date of the sale or transfer, provided that the Developer (i) was not in breach of this Agreement at the time of the sale or transfer and (ii) prior to the sale or transfer, delivered to City a written assumption agreement, duly executed by the purchaser or transferee and notarized by a notary public, whereby the purchaser or transferee expressly assumes the obligations of Developer under this Agreement with respect to the sold or transferred portion of the Property. Failure to provide a written assumption agreement hereunder shall not negate, modify or otherwise affect the liability of the purchaser or transferee pursuant to this Agreement. Nothing contained herein shall be deemed to grant to City discretion to approve or deny any such sale or transfer, except as otherwise expressly provided in this Agreement. Shea arehouse Discount Center Dev Agr 0222 2005.doc —4 — 4. Development of the Property. The following provisions shall govern the subdi_ development and use of the Property. 4.1. Permitted Uses. permitted The permitted and uses of the Property shall those that are allowed by the Project this Agreement. conditionally be limited to Approvals and 4.2. Development Standards. All design and development standards, including but not limited to density or intensity of use and maximum height and size of buildings, that shall be applicable to the Property are set forth in the Project Approvals and this Agreement. 4.3. Building Standards. All construction on the Property shall adhere to the Uniform Building Code, including the Fire Resistive Design Manual, the National Electrical Code, the Uniform Plumbing Code, the Uniform Mechanical Code, the Uniform Housing Code, the Uniform Code for the Abatement of Dangerous Buildings, the Uniform Code for Building Conservation and the Uniform Administrative Code in effect at the time the plan check or permit is approved and to any federal or state building requirements that are then in effect (collectively "the Building Codes "). 4.4. Reservations and Dedications. All reservations and dedications of land for public applicable to the Property are set Approvals and this Agreement. 5. Vesting of Development Rights. purposes that are forth in the Project 5.1. Timing of Development. In Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1984), the California Supreme Court held that the failure of the parties therein to provide for the timing or rate of development resulted in a later - adopted initiative restricting the rate of development to prevail against the parties' agreement. City and Developer intend to avoid the result in Pardee by acknowledging and providing that Developer shall have the right, without obligation, to develop the Property in such order and at such rate and times as Developer deems appropriate within the exercise of its subjective business judgment. Shea arehouse Discount Center Dev Agr 0222 2005.doc —5 — 000169 In furtherance of the Parties intent, as set forth in this subsection, no future amendment of any existing City ordinance or resolution, or future adoption of any ordinance, resolution or other action, that purports to limit the rate or timing of development over time or alter the sequencing of development phases, whether adopted or imposed by the City Council or through the initiative or referendum process, shall apply to the Property provided the Property is developed in accordance with the Project Approvals and this Agreement. Nothing in this subsection shall be construed to limit City's right to insure that Developer timely provides all infrastructure required by the Project Approvals, Subsequent Approvals, and this Agreement. 5.2. Amendment of Project Approvals. No amendment of any of the Project Approvals, whether adopted or approved by the City Council or through the initiative or referendum process, shall apply to any portion of the Property, unless the Developer has agreed in writing to the amendment. 5.3. Issuance of Subsequent Approvals. Applications for land use approvals, entitlements and permits, including without limitation subdivision maps (e.g. tentative, vesting tentative, parcel, vesting parcel, and final maps) , subdivision improvement agreements and other agreements relating to the Project, lot line adjustments, preliminary and final planned development permits, use permits, design review approvals (e.g. site plans, architectural plans and landscaping plans), encroachment permits, and sewer and water connections that are necessary to or desirable for the development of the Project (collectively "the Subsequent Approvals "; individually "a Subsequent Approval ") shall be consistent with the Project Approvals and this Agreement. For purposes of this Agreement, Subsequent Approvals do not include building permits. Subsequent Approvals shall be governed by the Project Approvals and by the applicable provisions of the Moorpark General Plan, the Moorpark Municipal Code and other City ordinances, resolutions, rules, regulations, policies, standards and requirements as most recently adopted or approved by the City Council or through the initiative or referendum process and in effect at the time that the application for the Subsequent Approval Sliea arehouse Discount Center Dev Agr 0222 2005.doc —6 _ 000.'70 is deemed complete by City (collectively "City Laws "), except City Laws that: (a) change any permitted or conditionally permitted uses of the Property from what is allowed by the Project Approvals; (b) limit or reduce the density or intensity of the Project, or any part thereof, or otherwise require any reduction in the number of proposed buildings or other improvements from what is allowed by the Project Approvals. (c) limit or control the rate, timing, phasing or sequencing of the approval, development or construction of all or any part of the Project in any manner, provided that all infrastructure required by the Project Approvals to serve the portion of the Property covered by the Subsequent Approval is in place or is scheduled to be in place prior to completion of construction; (d) are not uniformly applied on a City -wide basis to all substantially similar types of development projects or to all properties with similar land use designations; (e) control residential rents; (f) prohibit or regulate development on slopes with grades greater than 20 percent, including without limitation Moorpark Municipal Code Chapter 17.38 or any successor thereto, within the Property; or (g) modify the land use from what is permitted by the City's General Plan Land Use Element at the operative date of this Agreement or that prohibits or restricts the establishment or expansion of urban services including but not limited to community sewer systems to the Project. 5.4. Term of Subsequent Approvals. The term of any tentative map for the Property, or any portion thereof, shall expire ten (10) years after its approval or conditional approval or upon the expiration or earlier termination of this Agreement, whichever occurs first, notwithstanding the provisions of Government Code Section 66452.6(a) or the fact that the final map may Shea arehouse Discount Center Dev Agr 0222 2005.doc —7 — 000171 be filed in phases. Developer hereby waives any right that it may have under the Subdivision Map Act, Government Code Section 66410 et seq., or any successor thereto, to apply for an extension of the time at which the tentative map expires pursuant to this subsection. No portion of the Property for which a final map or parcel map has been recorded shall be reverted to acreage at the initiative of City during the term of this Agreement. The term of any Subsequent Approval, except a tentative map or subdivision improvement or other agreements relating to the Project, shall be one year; provided that the term may be extended by the decision maker for two (2) additional one (1) year periods upon application of the Developer holding the Subsequent Approval filed with City's Department of Community Development prior to the expiration of that Approval. Each such Subsequent Approval shall be deemed inaugurated, and no extension shall be necessary, if a building permit was issued and the foundation received final inspection by City's Building Inspector prior to the expiration of that Approval. It is understood by City and Developer that certain Subsequent Approvals may not remain valid for the term of this Agreement. Accordingly, throughout the term of this Agreement, any Developer shall have the right, at its election, to apply for a new permit to replace a permit that has expired or is about to expire. 5.5. Modification Of Approvals. Throughout the term of this Agreement, Developer shall have the right, at its election and without risk to or waiver of any right that is vested in it pursuant to this section, to apply to City for modifications to Project Approvals and Subsequent Approvals. The approval or conditional approval of any such modification shall not require an amendment to this Agreement, provided that, in addition to any other findings that may be required in order to approve or conditionally approve the modification, a finding is made that the modification is consistent with this Agreement. 5.6. Issuance of Building Permits. No building permit, final inspection or certificate of occupancy will be unreasonably withheld from Developer if all infrastructure required by the Project Approvals, Shea arehouse Discount Center Dev Agr 0222 2005.doc —8 _ 1 f wl. Subsequent Approvals, and this Agreement to serve the portion of the Property covered by the building permit is in place or is scheduled to be in place prior to completion of construction and all of the other relevant provisions of the Project Approvals, Subsequent Approvals and this Agreement have been satisfied. Consistent with subsection 5.1 of this Agreement, in no event shall building permits be allocated on any annual numerical basis or on any arbitrary allocation basis. 5.7. Moratorium on Development. Nothing in this Agreement shall prevent City, whether by the City Council or through the initiative or referendum process, from adopting or imposing a moratorium on the processing and issuance of Subsequent Approvals and building permits and on the finalizing of building permits by means of a final inspection or certificate of occupancy, provided that the moratorium is adopted or imposed (i) on a City -wide basis to all substantially similar types of development projects and properties with similar land use designations and (ii) as a result of a utility shortage or a reasonably foreseeable utility shortage, including without limitation a shortage of water, sewer treatment capacity, electricity or natural gas. 6. Developer Agreements. 6.1. Developer shall comply with (i) this Agreement, (ii) the Project Approvals, (iii) all Subsequent Approvals for which it was the applicant or a successor in interest to the applicant and (iv) the MMRP of the previously certified EIR for the Special Devices Incorporated projectMe and any subsequent or supplemental environmental actions. 6.2. All lands and interests in land dedicated to City shall be free and clear of liens and encumbrances other than easements or restrictions that do not preclude or interfere with use of the land or interest for its intended purpose, as reasonably determined by City. 6.3. As a condition of the issuance of a building permit for each residential —er commercial or institutional use within the boundaries of the Property, Developer shall pay City a development fee as described herein (the "Development Fee "). The Development Fee may be expended by City in its sole and unfettered discretion. Shea arehouse Discount Center Dev Agr 0222 2005.doc —9 — 000,x,.73 On the operative date of this Agreement, the amount of the Development Fee shall be Eight Theusand Eight Hundiced - Ninety-Five l l a;es ($8,895.00) per residential: ~;} anel Forty Thousand Twenty -Eight Dollars ($40,028.00) per gross acre of commercial or institutional land on which the commercial or intitutional use is located. The fee shall be adjusted annually commencing one (1) year after the first residential building permit is issued within CPDZ rie C 2004 - 035425 by any increase in the Consumer Price Index (CPI) until all fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month which is four (4) months prior to the month in which the first residential building permit is issued within CPDZrZet 2004- 035425 (e.g., if the permit issuance occurs in October, then the month of June is used to calculate the increase). In the event there is a decrease in the referenced Index for any annual indexing, the Development Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. 6.4. As a condition of the issuance of a building permit for each commercialresential or institutional use within the boundaries of the Property, Developer shall pay City a traffic mitigation fee as described herein ( "Citywide Traffic Fee "). The Citywide Traffic Fee may be expended by City in its sole and unfettered discretion. On the operative date of this Agreement, the amount of the Citywide Traffic Fee shall be Five Theusand Seventy-Five Dellars per residential unit, t, and— Twenty -Two Thousand, Eight Hundred Thirty -Eight Dollars ($22,838.00) per acre of commercial or institutional land on which the commercial or institutional use is located. Commencing on January 1, 2006, and annually thereafter, beth Seger; es e f the Gi t ywi de Tra f fie Fee shall be the contribution amount shall be increased to reflect the change in the Caltranse Highway Bid Price Index for Selected California Construction Items for the twelve (12 ) month period available+ha} is reperted in the avad4a on December 31 of the preceding year ( "annual indexing ") . In the event there is a decrease in the Shea arehouse Discount Center Dev Agr 0222 2005.doc —10 — 000174 referenced Index for any annual indexing, the current amount of the Git -ywide Tr-,ffie —f -Fee shall remain untilat its then eurEen-t- -a ffteu„t t-A4 such time as the next subsequent annual indexing which results in an increase. In the event the Caltrans Highway Bid Price Index is discontinued or revised, such successor index with which it is replaced shall be used in order to obtain substantially the same result as would otherwise have been obtained if the index had not been discontinued or revised. eaeh residential -r institutienal use within the la Aundar -i es; Ate- the -Rreper t y, D e y e l o p e r shall pay Gity-& enpe 11..11..d by Gi i-s its and unfet -erect d i s �,ret i eve N The-�,me,,r+- e f i-1-,e Gemm,,ri ty Cer yes Fee shall be T =_ e 1 111.. U1llV U11 V �y �L 1 ry V Theasand, Twe Hundred Thirty-Three gel l rs ($2,233.00) unit, pei- residential and Seven Theasand Seventy r land a ,-. s_ r l-, fi e bl the fi r s t i t,, t i e r a l , e-. n ' is leeated. ng , 2008, and a , v the C , . TTe s le e shall be = adjusted by any ifiLerease in l..11li 1/VilU LAlLLIil Priee index (GPI-) until r V 1i --s Fees L-: n been r, i r The (D T 1 m m Ur1 Vy S V1 previded by the U. S. Department ef Laber, infer m^-1�- � l'� Y, ' T -,ber St-,ti sti en fer all urban ens rs within he Les Angles 'Trahe:m T: v -e r . - e me- repel i tar area a nq the ,-.ri nr esit-1r. The eale,, l -1t i er sip- ,�1��� -, be �-� „EJ August ever the eilG1I of August. in is- the �^ L event the.,-.- r i -1 it r -� L n the GPI s annual v,T ,SiAC�r 3=1 ide7il11G G�J� ss Citrtri ees Fee shall em-, r -mot / v C =- O^2'G^G�T� GTCLLT'- LT1�C'L l isthen r-.,,rren -,mean until s ,`-,1.1 t i mn -,s t� ne +- v 1.. 1 1 V 1 1- ��S�.�iI� the V�T�i� subsequent n s�,� mil, rnn l }��n annual y 1 1 to 1.. ZS c- Intentionally left blank. 6.6. On the operative date of this Agreement, Developer shall pay all outstanding City processing costs related to preparation of this Agreement, and Project Approvals, and "'RP. 6.7. Prior to the issuance of the building permit for each commercial or institutional buildinqLceslden44ial Siiea arehouse Discount Center Dev Agr 0222 2005.doc —11 — 000175 dwell within the Property, Developer shall pay a fee for acquisition;., lieu ef the Eied eat of parkland and related improvements (Park Fee). On the operative date of this Agreement, the amount of the Park Fee shall be F31ght Theusand Twe Hundred Fer • DAB ($8,240.00) - l-. ^r ^ae r^ + id^r i 1 dwelling 1i t and -Fifty Cents ($.50) per square foot of each building used for commercial or institutional purposes within the Property. The fee shall be adjusted annually commencing one (1) year after the first commercialEes den i -ate or institutional building permit is issued within CPD Tr 12004- 035425 by any increase in the Consumer Price Index (CPI) until all fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month which is four (4) months prior to the month in which the first commercial or institutionalresiden* l building permit is issued within CPDTraet 2004-035425 (e.g., if the permit issuance occurs in October, then the month of June is used to calculate the increase). In the event there is a decrease in the referenced Index for any annual indexing, the Park Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. Developer agrees that the above - described payments shall be deemed to satisfy the parkland dedication requirement set forth at California Government Code Section 66477 et seq. for the Property. 6.8. Developer agrees, after approval of landscaping and irrigation plans by the City, to landscape and maintain those areas under the freeway bridge along the north and south sides of New Los Angeles Avenue as well as the area on the north side of New Los Angeles Avenue along the entire reach of the Caltrans right -of -way. Said landscaping shall be installed prior to the occupancy of the first commercial or institutional building. Rr n v i r er that p rT er te reeerdatien e z trti'i -� first= final m p fer Trt?Z215 er- ,rarez 31, 2996, later, whieheve-E ±S Ventura Geunty T-t ^r s D t t /� l l !1 ' 1 Yl T ' t` M a t ' t Y> within m t 54215, Shea arehouse Discount Center Dev Agr 0222 2005.doc —12 — 00017G Shea arehouse Discount Center Dev Aqr 0222 2005.doc —13 — 000JL77 -- - ■ - "= - YIN - • o = • =•• • PRI *.W.- -- - -� - �- .• -- - -= - - III - - - - — o FIN = =' Shea arehouse Discount Center Dev Aqr 0222 2005.doc —13 — 000JL77 6.9. Developer shall warrants that the total gross taxable sales in the first year of operation will be Seven Million Dollars ($7,000,000.00) per annum, in the second year of operation the total gross taxable sales will be Eight Million Dollars ($8,000,000.00), in the third year of operation the total gross taxable sales will be Nine Million Dollars ($9,000,000.00), in the fourth, fifth, sixth, seventh, eighth, ninth and tenth year of operation the total gross taxable sales will be Ten Million Dollars ($10,000,000.00) for each year. The first year shall start from the date of initial occupancy of Warehouse Discount Center. Initial occupancy shall be twelve (12) months from the date of the issuance of a certificate of occupancy, including conditional occupancy, which allows for the operation of Warehouse Discount Center. Should the annual total gross taxable sales from the Warehouse Discount Center not reach the annual amount for any year in the first ten years of operation the Developer shall pay the City the difference in total gross taxable sales times 0.0075 (e.g., if the gross receipts in the first year are $6,000,000.00 instead of $7,000,000.00 then Developer would pay City $7,500.00 ($1,000,000.00 x .0075). This fee shall be paid for each year that the total gross taxable sales are not met. The fee shall be paid monthly in twelve (12) equal installments in the year following the shortfall. This fee may be expended by the City in its sole and unfettered discretion. If in any year the gross taxable sales exceeds the established annual amount the Developer will be given a credit against future annual gross taxable sales, on a dollar for dollar basis until such credit amount is used to offset a shortfall in any subsequent year b e u r v e m and t c e bath f , m i 1 d a t " . b .. units w i t L , FainiFftufft o f 1,400 square feet te be seld te buyers he Fn'e[T the erg teria f e r 1 ew I Z ee e 8_0 peree,t er less ef ffieeli 11 reef e ) ; siiE ( " ) }� �. ^...�. �r f�(4 ) be,a reem ,a two ( 2 ) bath family de a e1, ed i:ini C T With a ffiinimuRi ef 1,400 squai-e feet te be seld te buyers whe ffiee-t the —eL-i teri a f{ r yer -1 e': ±' ---FR reent er less e f Fftc -di-a n i n e and five (5) feuiF (4) be r.. o f and t e ( 2) b a - Vim , m . �,/ 4- 00 — s-c��e .. g e ,ffi y d e a eh ed units ef eighteen (18) feet ffieasured freffi the baek ef sidewalk, meet minimum set-h k req,,; r +- f Rnnn�3- 02, ine C eenerece V �... V l./ lA �..i J 1 L V t.A 1 1 V 1 L ll. 1 1 �L reef tiles, 'l T"id ether amenities typieally feund in ffiederate N. ±vv.w hvva • eT ditieni ng /e. t rrar washer/dryer hn l ,,pn ev-, b-, gn dispesal, built -14- 000178 dishwasher, The afereffientiened twenty (29) units are eelleetively refer-r-ed te as the 1e SSCTCt -J lilag d Y1 l t C The r e; u al lnl tl ' by b value, — buyer r fi, al p13re se prieee i l i t }�s a qualified ^d dyer market and seeend trust ' 1 ; i-r� deed r equity —share itefa-s determined neeessary pr visiens, by the Gity and- be any ether by n inei l i n its its -,.,.a sel will appiceved ,a ' -i ; the Git-y - t lA V 1 1 1 1 V s� rah t i fn , -,s U V 1 V Q 1 1 \A Q 1 1 1 V 1... 1... l_r e unfettered ,-, l i fl ee buyers 1 ti l.i <�C 1 t.. �Z V se:Ee+ , -e e,-, p, L 1 0 r + e, �r ��� _ _ _ _ sel eeted QZ�`.�'� •• I I I I I • I — _ _ _ _ _ _ _ _ I I I � I I I � • � I The r e; u al lnl tl ' by b value, — buyer r fi, al p13re se prieee i l i t }�s a qualified ^d dyer market and seeend trust ' 1 ; i-r� deed r equity —share itefa-s determined neeessary pr visiens, by the Gity and- be any ether by n inei l i n its its -,.,.a sel will appiceved ,a ' -i ; the Git-y - t lA V 1 1 1 1 V s� rah t i fn , -,s U V 1 V Q 1 1 \A Q 1 1 1 V 1... 1... l_r e unfettered ,-, l i fl ee buyers 1 ti l.i <�C 1 t.. �Z V se:Ee+ , -e e,-, p, L 1 0 r + e, �r ��� rJ �4.d q U �/.-a� /Vii lV 11t1V h-eusing 1.1111111 1A 1�l 1.1Y V L �J units. sel eeted QZ�`.�'� he -15- 000179 WN = EN Mrow L Million W -0. • = = • milli • I - offi WE • A -WET ME• • • • • • i • • • • • • • • • • = IIIIIM 1-191MOMMMI = l r-11 I • M • = / = • -16- 000180 Ill IN, 1 1 1/ 1 I D \ 1 • ME W W- 11M- • • • • = = M EN Mrow L Million W -0. • = = • milli • I - offi WE • A -WET ME• • • • • • i • • • • • • • • • • = IIIIIM 1-191MOMMMI = l r-11 I • M • = / = • -16- 000180 milli • I - offi WE • A -WET ME• • • • • • i • • • • • • • • • • = IIIIIM 1-191MOMMMI = l r-11 I • M • = / = • -16- 000180 -16- 000180 `�RTOOO -LT- bu:puTY1 GGe j que G:\ F /"1 / Y' ue Q 1 C GgGGReqae3 - - - - -- - - - - - - - - - - - - - - M-- :lad w 7 /'171�a-� - - -- - -- -- 6 e6!5 - - - - - T -&, - - - l - - -- - - - - - J Ci G T�_ ..0 QU W 4 G O �O - - - - - - • - - - -&,q - - - - - - TeTiTUI ^ y-� g'9 e P Tel T Q„( � �La - -"r ..T .t,C�- GGTTe Pl7"R'�..0 GTTT CT�71TT']�� 7 T P7:J'i ^�� eTT 9O 9 3 & J "i- HAedJ�UMGP PT/\TT^G TT TT bu:puTY1 GGe j que G:\ F /"1 / Y' ue Q 1 C GgGGReqae3 T je qjuelu ge n . . :lad T T'�T:T�T� /'171�a-� ^ V {. Y -/ - ± TfTf4 Lr1 T T T J T T �1 T T EI /�� J Ci G T�_ ..0 QU W 4 G O �O Nei T A "Y T 4D T!Y e T ' T;R TeTiTUI ^ y-� g'9 e P Tel T Q„( � r - -"r ..T .t,C�- GGTTe Pl7"R'�..0 GTTT CT�71TT']�� 7 T P7:J'i ^�� eTT 9O 9 3 & J "i- HAedJ�UMGP PT/\TT^G TT TT G :e i7TT� ' %ST� , all'11GUT eT 4v T_"-q; C Gi�^ q l T:4 9 9 l .. . ��t- •Y�- Ell - • 4eqi ��t- •Y�- Ell - item Detail t result in ehanges GAS Purehase �c l i.rry fn r tv r r ; ,e' eme Le, . as Y maEket value •trFiia-r.Tr 07-wffi W`7=7-go RGA Fire insur-anee Ma i rter -,ri-,1. Utilities in the event the Gi t y , at its Jere— diseicet i nn pure ses ene er faere ef the units freffi Develeper in lieu ef a qualified buyer. -18- 000182 result in ehanges te the initial Purehase l i.rry fn r tv r r ; ,e' eme Le, . as rel:,Qde , 3% U s and ether e t e the -e1 m e e r t hrm g i `2. i y i V v TL'e1 Grl i ferni .-� Health ee as -and Safety and r' ,a•• aevn interest rate ef 6%, et,-,,-,,., ,, , J11V U be and Sale Agreement shall this ffiedified. The Purehase r...tert l ef O based nn initial 7,rnh- / 7ri -n 1-. n m l Y', /1 / aSseeiatien / dues ef $50 fire �R r s illenth, mai nten-onee per eest s r $30 insurane ef $30 per ,f- , $y 8G merth ef fe , ,e,saLel per 1 me nth, 4/ and utilities • eeRn per it, ata-d utilities of $213 ef fer assuming s, t, 3 l bed i - �4bedeem per enth r unit. --he d of in the event the Gi t y , at its Jere— diseicet i nn pure ses ene er faere ef the units freffi Develeper in lieu ef a qualified buyer. -18- 000182 result in ehanges te the initial Purehase a un i s ffi n r t -g e i interest n n , f r f Sm fft e d e r / g , ate/ l e w ln effi A , vV U s and ether e t e the -e1 m e e r t hrm i f "afferCah1 v e he, v and v i 1 1 i oy +"/ V Y 1 defined V ✓ U Y s • e , in ce Grl i ferni .-� Health ee as -and Safety and r' ,a•• tiers- 800TL.5 V1 s� , l ,a +-ti - -_- - _ future, � � ���.... the abeve w.r �.a i �.. V � -will V V ldV et,-,,-,,., ,, , J11V U be and Sale Agreement shall this ffiedified. The Purehase r...tert l address eti- .. in the event the Gi t y , at its Jere— diseicet i nn pure ses ene er faere ef the units freffi Develeper in lieu ef a qualified buyer. -18- 000182 - _ IM-, _ -- -- - - - �- • _ •• o - -- -- •�- _. -- -- - _ - -- - - _- -• -- •.o- - - -- - -. -- -• - -- - - - - - -_ �- - - o-o -- .-o. _- - .- _• �- - _ -- WN _ -- . -o. - - .- _• _-- o •o - o c. - - . o 0 ZM- M M. ML 000183 -_- -- - - S �-� - SESSION - -: - - - : milli c o.. - :- - - _ _ - _ - ON IM-, _ -- -- - - - �- • _ •• o - -- -- •�- _. -- -- - _ - -- - - _- -• -- •.o- - - -- - -. -- -• - -- - - - - - -_ �- - - o-o -- .-o. _- - .- _• �- - _ -- WN _ -- . -o. - - .- _• _-- o •o - o c. - - . o 0 ZM- M M. ML 000183 . o 0 ZM- M M. ML 000183 000183 =- - = =• o- .FROMM -o 0 - - - - - - - 6.10. Developer agrees that the M t ' gat Meas.-L-.- eluded in t rr� vz subsequent -err agrees to pay to City an air quality mitigation fee, as described herein (Air Quality Fee), in satisfaction of the Transportation Demand Management Fund mitigation requirement for the Project. The Air Quality Fee may be expended by City in its sole discretion for reduction of regional air pollution emissions and to mitigate residual Project air quality impacts. At the time the Fee is due, City may at its sole discretion require Developer to purchase equipment, vehicles, or other items, contract and pay for services, or make improvements for which Developer shall receive equivalent credit against Air Quality Fee payments or refund of previous payments. The Air Quality Fee shall be calculated by the Director of Community Development consistent with the then applicable Ventura County Air Quality Management District URBEMIS Model prior to occupancy approval , — Dellaias ($1,636.00) per for the first commercial buildingr����; } The fee shall to be paid prior to the occupancyissu nee of each building _ fe the firs} iEesi ent ,' unit in Trae+- 5130. Commencing on March 1, 200-7-6, and annually thereafter the Air Quality Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles /Anaheim /Riverside metropolitan area during the prior year. The calculation shall be made using the month of December over the prior month of December. In the event there is a decrease in the CPI for any annual indexing, the fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. Iff .. 6.11. Developer shall provide an easement to the City for a City Welcome Sign on the Project site at a location satisfactory to -20- 000184 the Community Development Director. The easement shall provide for the location and maintenance of the sign. Developer agrees to pay $25,000 to the City for the construction and erection of the sign. The funds may be expended by City in its sole and unfettered discretion. The fee shall be paid prior to occupancy of the first commercial building. right AZT • • , , p V'UT"ST ± -- of Federal, State, laws er Zzrr-_rs .mothat w eu-ld l-la-e e a s e the nufftber of dwelling units A ee s rue 1. 1.d VriC. h_ gir .1 6.12. Developer agrees to cast affirmative ballots for the formation of one or more assessment districts and levying of assessments, for the maintenance of parkway and median landscaping, street lighting, including but not limited to all water and electricity costs, and if requested by the City Council, parks for the provision of special benefits conferred by same upon properties within the Project. Developer further agrees to form one or more property owner associations and to obligate said associations to provide for maintenance of parkway and median landscaping, street lighting, and if requested by the City Council, parks in the event the aforementioned assessment district is dissolved or altered in any way or assessments are reduced or limited in any way by a ballot election of property owners, or if the assessment district is invalidated by court action. Prior to reee rdat en — occupancy of the first buildings for the Property, if required by City at its sole discretion, Developer shall also form one or more property owner associations to assume ownership and maintenance of open space land, trails, storm water detention and /or debris basins and related drainage facilities, landscaping (including landscaping within Caltrans rights -of -way), and other amenities, and to comply with the National Pollutant Discharge Elimination System (NPDES) requirements of the Project. The obligation of said property owner association-& shall be more specifically defined in the conditions of approval of Commercial Planned Devleopment 2004-03Traet B42S and R P9 2003_ 4z�_. 6.13. In addition to fees specifically mentioned in this Agreement, Developer agrees to pay all City capital improvement, development, and processing fees at the rate and amount in effect at the time the fee is required to be paid. Said fees include but are not limited to Library Facilities Fees, Police Facilities Fees, Fire Facilities Fees, drainage, entitlement processing fees, and plan check and permit fees for buildings and public improvements. Developer further agrees that unless specifically exempted by this Agreement, it is subject to all fees imposed by City at the operative date of this Agreement -21- 000185 and such future fees imposed as determined by City in its sole discretion so long as said fee is imposed on similarly situated properties. 6.14. Developer shall pay the Los Angeles Avenue Area of Contribution (AOC) fee for each Laes dent , l let ir-}; };a};encommercial use prior to the issuance of a building permit for each let e- use. The AOC fee shall be the dollar amount in effect at the time of issuance of the building permit for each residential let nd ins : u ; e commercial use. 6.15. Developer agrees to landscape and maintain, at its sole cost and expense, the Caltrans right -of -way along the southern boundary of the site. If approved by Caltrans the developer shall remove the existing chainlink fencing and install a six (6) foot high decorative tubular steel fence with block pilasters at the top of the slope. The street -improve �s designed [1 l /Y Y, /1 lV ", T, � /, /1 Y, [", Y\ /1 /1 T T 1 des r ' i ie _e � e� � ie � e .e �� �str11e-te by DC�Tr�C��--( per to r,r . ide f er a 50—year life fn -, n deterfained by the Gity Engineer. 6.16. Developer agrees that any fees and payments pursuant to this Agreement shall be made without reservation, and Developer expressly waives the right to payment of any such fees under protest pursuant to California Government Code Section 66020 and statutes amendatory or supplementary thereto. Developer further agrees that the fees it has agreed to pay pursuant to subsections 6.3 and 6.5 of this Agreement are not public improvement fees collected pursuant to Government Code Section 66006 and statutes amendatory or supplementary thereto and that for purposes of Government Code Section 65865(e) and statutes amendatory or supplementary thereto. 6.17. Developer agrees to comply with Section 15.40.150 of the Moorpark Municipal Code and any supplementary thereto fer annual ••provisions amendatory or supplementary thereto for annual review of this Agreement and further agrees that the annual review shall include evaluation of its compliance with the previously certified EIR for the SDI project and approved MN9 aec4 --MMRP . 6.18. Developer agrees to provide City with cash deposits as City may require at its sole discretion to pay all City and related costs for the proceedings and related services for possible formation of a District as referenced in subsection 7.6 of this Agreement, which may be required to be paid prior to formation of a District, or in the event a District is not formed, after the commencement of proceedings related thereto. Said costs may include but are not limited to attorney fees, engineering fees, City staff costs, and City overhead expenses -22- 000186 of fifteen percent (150) on all out of pocket and professional service costs. Developer further agrees that City may at its sole discretion select the bond counsel, underwriter, financial advisor and any other professional service provider City deems necessary to process the possible formation of a District. 6.19. Developer agrees that any election to acquire property by eminent domain shall be at City's sole discretion, and only after compliance with all legally required procedures including but not limited to a hearing on a proposed resolution of necessity. 7. City Agreements. 7.1. City shall commit reasonable time and resources of City staff to work with Developer on the expedited and parallel processing of applications for Subsequent Approvals for the Project area and shall use overtime and independent contractors whenever possible. Developer shall assume any risk related to, and shall pay the additional costs incurred by City for, the expedited and parallel processing. 7.2. If requested in writing by Developer and limited to City's legal authority, City at its sole discretion shall proceed to acquire, at Developer's sole cost and expense, easements or fee title to land in which Developer does not have title or interest in order to allow construction of public improvements required of Developer including any land which is outside City's legal boundaries. The process shall generally follow Government Code Section 66462.5 et seq. and shall include the obligation of Developer to enter into an agreement with City, guaranteed by cash deposits and other security as the City may require, to pay all City costs including but not limited to, acquisition of the interest, attorney fees, appraisal fees, engineering fees, City staff costs, and City overhead expenses of fifteen percent (15 %) on all out -of- pocket costs. 7.3. The City Manager is authorized to sign an early grading agreement on behalf of City to allow rough grading of the Project prior to completion of all condition compliance requirements Said early grading agreement shall be consistent with the conditions of approval for Tr e 5425 and RCPD 2004 -3-03� and contingent on City Engineer and Director of Community Development acceptance of a Performance Bond in a form and amount satisfactory to them to guarantee implementation of the erosion control plan and completion of the rough grading and construction of on -site and off -site improvements. In the case of failure to comply with the terms and conditions of the -23- 000187 early grading agreement, the City Council may by resolution declare the surety forfeited. 7.4. City agrees that whenever possible as determined by City in its sole discretion to process concurrently all land use entitlements for the same property so long as said entitlements are deemed complete. 7.5.6 City agrees that upon receipt of a landowners' petition by Developer and Developer's payment of a fee, as prescribed in California Government Code Section 53318, as well as payment for costs described in subsection 6.18 of this Agreement, City shall commence proceedings to form a Mello -Roos Community Facilities District ( "District ") and to incur bonded indebtedness to finance all or portions of the public facilities, infrastructure and services that are required by the Project and that may be provided pursuant to the Mello -Roos Community Facilities Act of 1982 (the "Act "); provided, however, the City Council, in its sole and unfettered discretion, may abandon establishment of the District upon the conclusion of the public hearing required by California Government Code Section 53321 and /or deem it unnecessary to incur bonded indebtedness at the conclusion of the hearing required by California Government Code Section 53345. The purpose of any such District may also include fees for funding public facilities, infrastructure and services that are required by the Project to the extent permitted by the Act as determined by bond counsel for the District's bond indebtedness financing. City may select and retain bond counsel, engineers, underwriters, financial advisors and any other professional service providers it deems necessary at its sole discretion to conduct proceedings and related services for possible formation of a District. City further agrees that, to the extent permitted by the Act as determined by bond counsel, Developer may be reimbursed for costs advanced by Developer for formation and related proceedings. In the event that a District is formed, against any commercialr-es; denti-al buildingr��� thereon shall afford prepay the special tax in full prior to the initial sale of the developed lot commercial building -e -e ��. the special tax levied lot or commercial the buyer the option the close of escrow by the builder of to on the -24- 000188 7.6 -9. City shall facilitate the reimbursement to Developer of any costs incurred by Developer that may be subject to partial reimbursement from other developers as a condition of approval of a tL-aet FRap development permit or development agreement with one or more other developers. 8. Supersession of Agreement by Change of Law. In the event that any state or federal law or regulation enacted after the date the Enabling Ordinance was adopted by the City Council prevents or precludes compliance with any provision of the Agreement, such provision shall be deemed modified or suspended to comply with such state or federal law or regulation, as reasonably determined necessary by City. 9. Demonstration of Good Faith Compliance. In order to ascertain compliance by Developer with the provisions of this Agreement, the Agreement shall be reviewed annually in accordance with Moorpark Municipal Code Chapter 15.40. of City or any successor thereof then in effect. The failure of City to conduct any such annual review shall not, in any manner, constitute a breach of this Agreement by City, diminish, impede, or abrogate the obligations of Developer hereunder or render this Agreement invalid or void. At the same time as the referenced annual review, City shall also review Developer's compliance with the MMRP. 10. Authorized Delays. Performance by any Party of its obligations hereunder, other than payment of fees, shall be excused during any period of "Excusable Delay ", as hereinafter defined, provided that the Party claiming the delay gives notice of the delay to the other Parties as soon as possible after the same has been ascertained. For purposes hereof, Excusable Delay shall mean delay that directly affects, and is beyond the reasonable control of, the Party claiming the delay, including without limitation: (a) act of God; (b) civil commotion; (c) riot; (d) strike, picketing or other labor dispute; (e) shortage of materials or supplies; (e) damage to work in progress by reason of fire, flood, earthquake or other casualty; (f) failure, delay or inability of City to provide adequate levels of public services, facilities or infrastructure to the Property including, by way of example only, the lack of water to serve any portion of the Property due to drought; (g) delay caused by a restriction imposed or mandated by a governmental entity other than City; or (h) litigation brought by a third party attacking the validity of this Agreement, a Project Approval, a Subsequent Approval or any other action necessary for development of the Property. 11. Default Provisions. -25- 000189 11.1. Default by Developer. The Developer shall be deemed to have breached this Agreement if it: (a) practices, or attempts to practice, any fraud or deceit upon City; or willfully violates any order, ruling or decision of any regulatory or judicial body having jurisdiction over the Property or the Project, provided that Developer may contest any such order, ruling or decision by appropriate proceedings conducted in good faith, in which event no breach of this Agreement shall be deemed to have occurred unless and until there is a final adjudication adverse to Developer; or (b) fails to make any payments required under this Agreement; or (c) materially breaches any of the provisions of the Agreement. 11.2. Default by City. City shall be deemed in breach of this Agreement if it materially breaches any of the provisions of the Agreement. 11.3. Content of Notice of Violation. Every notice of violation shall state with specificity that it is given pursuant to this subsection of the Agreement, the nature of the alleged breach, and the manner in which the breach may be satisfactorily cured. Every notice shall include a period to cure, which period of time shall not be less than ten (10) days from the date that the notice is deemed received, provided if the defaulting party cannot reasonably cure the breach within the time set forth in the notice such party must commence to cure the breach within such time limit and diligently effect such cure thereafter. The notice shall be deemed given on the date that it is personally delivered or on the date that it is deposited in the United States mail, in accordance with Section 20 hereof. 11.4. Remedies for Breach. The Parties acknowledge that remedies at law, including without limitation money damages, would be inadequate for breach of this Agreement by any Party due to the size, nature and scope of the Project. The Parties also acknowledge that it would not be feasible or possible to restore the Property to its natural condition once implementation of the Agreement has begun. Therefore, the Parties agree that the remedies for breach of the Agreement shall be limited to the remedies expressly set forth in this subsection. Prior to pursuing the remedies set forth herein, notice and an opportunity to cure shall be provided pursuant to subsection 11.3 herein. =26= 000190 The remedies for breach of the Agreement by City shall be injunctive relief and /or specific performance. The remedies for breach of the Agreement by Developer shall be injunctive relief and /or specific performance. In addition, if the breach is of subsections 6.9, 6.10, 6.12, 6.13, 6.14, 6.15, 6.16, 6.17, 6.18, or subsection 6.19 of this Agreement, City shall have the right to withhold the issuance of building permits to Developer throughout the Project from the date that the notice of violation was given pursuant to subsection 11.3 hereof until the date that the breach is cured as provided in the notice of violation. Nothing in this subsection shall be deemed to preclude City from prosecuting a criminal action against any Developer who violates any City ordinance or state statute. 12. Mortgage Protection. At the same time that City gives notice to Developer of a breach, City shall send a copy of the notice to each holder of record of any deed of trust on the portion of the Property in which Developer has a legal interest ( "Financier "), provided that the Financier has given prior written notice of its name and mailing address to City and the notice makes specific reference to this section. The copies shall be sent by United States mail, registered or certified, postage prepaid, return receipt requested, and shall be deemed received upon the third (3rd) day after deposit. Each Financier that has given prior notice to City pursuant to this section shall have the right, at its option and insofar as the rights of City are concerned, to cure any such breach within fifteen (15 ) days after the receipt of the notice from City. If such breach cannot be cured within such time period, the Financier shall have such additional period as may be reasonably required to cure the same, provided that the Financier gives notice to City of its intention to cure and commences the cure within fifteen (15) days after receipt of the notice from City and thereafter diligently prosecutes the same to completion. City shall not commence legal action against Developer by reason of Developer's breach without allowing the Financier to cure the same as specified herein. Notwithstanding any cure by Financier, this Agreement shall be binding and effective against the Financier and every owner of the Property, or part thereof, whose title thereto is acquired by foreclosure, trustee sale or otherwise. 13. Estoppel Certificate. At any time and from time to time, Developer may deliver written notice to City and City may deliver written notice to Developer requesting that such Party certify in writing that, to the knowledge of the certifying Party, (i) this Agreement is in full force and effect and a binding obligation of the Parties, (ii) this Agreement has not been amended, or if amended, the identity of each amendment, and (iii) the requesting Party is not in breach of this Agreement, or if in breach, a description of each such breach. The -27- 000191L Party receiving such a request shall execute and return the certificate within thirty (30) days following receipt of the notice. City acknowledges that a certificate may be relied upon by successors in interest to the Developer who requested the certificate and by holders of record of deeds of trust on the portion of the Property in which that Developer has a legal interest. 14. Administration of Agreement. Any decision by City staff concerning the interpretation and administration of this Agreement and development of the Property in accordance herewith may be appealed by the Developer to the City Council, provided that any such appeal shall be filed with the City Clerk of City within ten (10) days after the affected Developer receives notice of the staff decision. The City Council shall render its decision to affirm, reverse or modify the staff decision within thirty (30) days after the appeal was filed. The Developer shall not seek judicial review of any staff decision without first having exhausted its remedies pursuant to this section. 15. Amendment or Termination by Mutual Consent. In accordance with the provisions of Chapter 15.40 of the Moorpark Municipal Code of City or any successor thereof then in effect, this Agreement may be amended or terminated, in whole or in part, by mutual consent of City and the affected Developer. 15.1 Exemption for Amendments of Project Approvals. No amendment to a Project Approval shall require an amendment to this Agreement and any such amendment shall be deemed to be incorporated into this Agreement at the time that the amendment becomes effective, provided that the amendment is consistent with this Agreement. 16. Indemnification. Developer shall indemnify, defend with counsel approved by City, and hold harmless City and its officers, employees and agents from and against any and all losses, liabilities, fines, penalties, costs, claims, demands, damages, injuries or judgments arising out of, or resulting in any way from, Developer's performance pursuant to this Agreement. Developer shall indemnify, defend with counsel approved by City, and hold harmless City and its officers, employees and agents from and against any action or proceeding to attack, review, set aside, void or annul this Agreement, or any provision thereof, or any Project Approval or Subsequent Approval or modifications thereto, or any other subsequent entitlements for the project and including any related environmental approval. 17. Time of Essence. Time is of the essence for each provision of this Agreement of which time is an element. -28- 00®IL92 18. Operative Date. This Agreement shall become operative on the date the Enabling Ordinance becomes effective pursuant to Government Code Section 36937. 19. Term. This Agreement shall remain in full force and effect for a term of twenty (20) years commencing on its operative date or until ten years after the initial certificateelese of occupancyeseEew has been issued on the Warehouse Discount Center buildings— �� - -�f�T, last Affe -relab-1 , whichever occurs last, unless said term is amended or the Agreement is sooner terminated as otherwise provided herein. Expiration of the term or earlier termination of this Agreement shall not automatically affect any Project Approval or Subsequent Approval that has been granted or any right or obligation arising independently from such Project Approval or Subsequent Approval. Upon expiration of the term or earlier termination of this Agreement, the Parties shall execute any document reasonably requested by any Party to remove this Agreement from the public records as to the Property, and every portion thereof, to the extent permitted by applicable laws. 20. Notices. All notices and other communications given pursuant to this Agreement shall be in writing and shall be deemed received when personally delivered or upon the third (3rd) day after deposit in the United States mail, registered or certified, postage prepaid, return receipt requested, to the Parties at the addresses set forth in Exhibit "B" attached hereto and incorporated herein. Any Party may, from time to time, by written notice to the other, designate a different address which shall be substituted for the one above specified. 21. Entire Agreement. This Agreement and those exhibits and documents referenced herein contain the entire agreement between the Parties regarding the subject matter hereof, and all prior agreements or understandings, oral or written, are hereby merged herein. This Agreement shall not be amended, except as expressly provided herein. 22. Waiver. No waiver of any provision of this Agreement shall constitute a waiver of any other provision, whether or not similar; nor shall any such waiver constitute a continuing or subsequent waiver of the same provision. No waiver shall be binding, unless it is executed in writing by a duly authorized representative of the Party against whom enforcement of the waiver is sought. 23. Severability. If any provision of thi -s Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall be effective to the extent the -29- 000193 remaining provisions are not rendered impractical to perform, taking into consideration the purposes of this Agreement. 24. Relationship of the Parties. Each Party acknowledges that, in entering into and performing under this Agreement, it is acting as an independent entity and not as an agent of any of the other Parties in any respect. Nothing contained herein or in any document executed in connection herewith shall be construed as creating the relationship of partners, joint ventures or any other association of any kind or nature between City and Developer, jointly or severally. 25. No Third Party Beneficiaries. This Agreement is made and entered into for the sole benefit of the Parties and their successors in interest. No other person shall have any right of action based upon any provision of this Agreement. 26. Recordation of Agreement and Amendments. This Agreement and any amendment thereof shall be recorded with the County Recorder of the County of Ventura by the City Clerk of City within the period required by Chapter 15.40 of the Moorpark Municipal Code of City or any successor thereof then in effect. 27. Cooperation Between City and Developer. City and Developer shall execute and deliver to the other all such other and further instruments and documents as may be necessary to carry out the purposes of this Agreement. 28. Rules of Construction. The captions and headings of the various sections and subsections of this Agreement are for convenience of reference only, and they shall not constitute a part of this Agreement for any other purpose or affect interpretation of the Agreement. Should any provision of this Agreement be found to be in conflict with any provision of the Project Approvals or the Subsequent Approvals, the provision of this Agreement shall prevail. Should any provision of the Implementation Plan be found to be in conflict with any provision of this Agreement, the provisions of the Implementation Plan shall prevail. 29. Joint Preparation. This Agreement shall be deemed to have been prepared jointly and equally by the Parties, and it shall not be construed against any Party on the ground that the Party prepared the Agreement or caused it to be prepared. 30. Governing Law and Venue. This Agreement is made, entered into, and executed in the County of Ventura, California, and the laws of the State of California shall govern its interpretation and enforcement. Any action, suit or proceeding related to, or arising from, this Agreement shall be filed in the appropriate court having jurisdiction in the County of Ventura. -30- 000194 31. Attorneys' Fees. In the event any action, suit or proceeding is brought for the enforcement or declaration of any right or obligation pursuant to, or as a result of any alleged breach of, this Agreement, the prevailing Party shall be entitled to its reasonable attorneys' fees and litigation expenses and costs, and any judgment, order or decree rendered in such action, suit or proceeding shall include an award thereof. 32. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which constitute one and the same instrument. IN WITNESS WHEREOF, , and City of Moorpark have executed this Development Agreement on the date first above written. OWNER /DEVELOPER To City: City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Attn: City Manager To Developer: CITY OF MOORPARK Patrick Hunter Mayor EXHIBIT "B" ADDRESSES OF PARTIES -31- 000195