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HomeMy WebLinkAboutAGENDA REPORT 2022 0706 CCSA REG ITEM 11ACITY OF MOORPARK, CALIFORNIA City Council Meeting of July 6, 2022 ACTION ADOPTED ORDINANCE NO. 502. (ROLL CALL VOTE: UNANIMOUS) BY A. Hurtado. A. Consider Second Reading of Ordinance No. 502, Approving Zone Change No. 2019-01 and Development Agreement No. 2019-01 for the Proposed Tract, Master Planning and Development of 755 Residential Units, Approximately 29 Acres of Open Space, a 7-Acre Public Park and 7-Acre Passive Park, as well as Roadways, Stormwater and Detention Facilities, and Associated Improvements on 277 Acres of Property Generally Located North of Poindexter Avenue, West of Casey Road, and Extending Approximately 1,700 feet West of Gabbert Road on the Application of Harriet Rapista on Behalf of Comstock Homes. Staff Recommendation: Waive full reading, declare Ordinance No. 502 reading for the second time, and adopted as read. (ROLL CALL VOTE REQUIRED) Item: 11.A. ORDINANCE NO. 502 AN ORDINANCE OF THE CITY OF MOORPARK, CALIFORNIA, APPROVING ZONE CHANGE 2019-01 AND DEVELOPMENT AGREEMENT NO. 2019-01 FOR THE PROPOSED TRACT, MASTER PLANNING AND DEVELOPMENT OF 755 RESIDENTIAL UNITS, APPROXIMATELY 29 ACRES OF OPEN SPACE, A 7-ACRE PUBLIC PARK AND 7-ACRE PASSIVE PARK, AS WELL AS ROADWAYS, STORMWATER AND DETENTION FACILITIES, AND ASSOCIATED IMPROVEMENTS ON 277 ACRES OF PROPERTY GENERALLY LOCATED NORTH OF POINDEXTER AVENUE, WEST OF CASEY ROAD, AND EXTENDING APPROXIMATELY 1,700 FEET WEST OF GABBERT ROAD ON THE APPLICATION OF HARRIET RAPISTA ON BEHALF OF COMSTOCK HOMES WHEREAS, on January 17, 2019, the Applicant submitted a formal development application for the Hitch Ranch Specific Plan, general plan amendment, zone change, a tentative tract map, and development agreement for the subdivision, master planning and development of 755 residential units, approximately 29 acres of open space, a 7-acre public park and 7-acre passive park, as well as roadways, stormwater and detention facilities, and associated improvements on a 277 acre of property generally located north of Poindexter Avenue, west of Casey Road, and extending approximately 1,700 feet west of Gabbert Road and inclusive of Assessor Parcel Numbers 511-0-200-245, 511-0-020- 130, -110, -160, -170, -180, and -195 (the “Project”) on the application of Harriet Rapista on behalf of Comstock Homes (the “Applicant”); and WHEREAS, on July 10, 2019, the City of Moorpark Community Development Department published pursuant to California Environmental Quality Act (CEQA) an Initial Study and Notice of Preparation of an Environmental Impact Report (EIR) related to the Hitch Ranch Specific Plan to receive input from interested public and private parties on issues to be addressed in the EIR between July 10, 2019, and August 8, 2019. In addition, a public scoping meeting was held on July 23, 2019, to provide information on the Project and receive additional comments on issues to be addressed in the EIR; and WHEREAS, on July 8, 2020, the City Council and Planning Commission jointly held a publicly noticed workshop to review the Hitch Ranch Specific Plan and provide preliminary direction regarding the proposed development; and WHEREAS, on February 18, 2022, the City of Moorpark Community Development Department published pursuant to CEQA a Notice of Availability and the Draft EIR for the Hitch Ranch Specific Plan (State Clearinghouse Number 2019070253) analyzing the Project’s potential impacts on the environment and accepted public comments in accordance with CEQA Guidelines Section 15105 for a period of 45 days between February 18, 2022, and April 4, 2022. Additionally, on March 14, 2022, the Planning Commission held a publicly noticed meeting to review the Draft EIR and receive public comments; and Item: 11.A. 344 Ordinance No. 502 Page 2 WHEREAS, the City prepared written responses to all comments received on the Draft EIR and those responses to comments are incorporated into the Final EIR. The Responses to Comments were distributed with the Final EIR to all public agencies that submitted comments on the Draft EIR at least 10 days prior to certification of the Final EIR; and WHEREAS, the Final EIR is comprised of the Draft EIR dated February 2022 and all appendices thereto, the Comments and Responses to Comments on the Draft EIR, the clarifications, revisions, and corrections to the Draft EIR, and the Mitigation Monitoring and Reporting Program, and the May 2022 Final EIR; and WHEREAS, at a duly noticed public hearing on May 24, 2022, the Planning Commission considered the Final EIR and proposed Project, including the agenda report and any supplements thereto and written public comments; opened the public hearing and took and considered public testimony both for and against the proposal; and adopted Resolution No. PC-2022-671 recommending that the City Council certify the Final EIR and approve the Project; and WHEREAS, at a duly noticed public hearing on June 15, 2022, the City Council considered the Final EIR and proposed Project, including the agenda report and any supplements thereto and written public comments; opened the public hearing and took and considered public testimony both for and against the proposal and adopted Resolution No. 2022-4104 certifying the Final EIR pursuant to the California Environmental Quality Act including a Mitigation Monitoring and Reporting Program, CEQA Findings of Fact, and Statement of Overriding Considerations for the Hitch Ranch Specific Plan and approving Specific Plan No. 2019-01, General Plan Amendment 2020- 01, and Tentative Tract Map for Tract No. 5708 (2019-01) for the Project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES ORDAIN AS FOLLOWS: SECTION 1. The findings made in this Ordinance are based upon the information and evidence set forth in the certified Final EIR and upon other substantial evidence that has been presented at the hearings and in the record of the proceedings. The Final EIR, agenda reports, technical studies, appendices, plans, specifications, and other documents and materials that constitute the record of proceedings on which this Resolution is based are on file for public examination during normal business hours at the City of Moorpark Community Development Department, 799 Moorpark Avenue, Moorpark, CA 93021. Each of these documents is incorporated herein by reference. SECTION 2. The City Council finds that agencies and interested members of the public have been afforded ample notice and opportunity to comment on the Final EIR and Project. 345 Ordinance No. 502 Page 3 SECTION 3. Prior to taking action, the City Council has heard, been presented with, reviewed and considered the information and data in the record, including oral and written testimony presented for and during public hearings. The City’s independent environmental consultants, City staff, and the Project Applicant’s environmental consultants reviewed and analyzed the comments received on the Project’s environmental review. No comments or any additional information submitted to the City have produced any substantial new information requiring additional environmental review or re-circulation of the EIR pursuant to CEQA because no new significant environmental impacts were identified, nor was any substantial increase in the severity of any previously disclosed environmental impacts identified. SECTION 4. Section 15091 of the CEQA Guidelines requires that the City Council, before approving the Project, make one or more written finding(s) for each significant effect identified in the Final EIR accompanied by a brief explanation of the rationale for each findings. These findings and the associated rationale are incorporated by reference in Exhibit B of City Council Resolution No. 2022-4104. SECTION 5. Pursuant to Public Resources Code Section 21081.6, the City Council has adopted the Mitigation Monitoring and Reporting Program incorporated herein by reference, and adopts each mitigation measure set forth therein, and impose each mitigation measure as a condition of the Project’s approval via City Council Resolution No. 2022-4104. SECTION 6. FINDING OF GENERAL PLAN CONSISTENCY: Upon recommendation by the Planning Commission, the City Council hereby finds the Project and all associated actions to be consistent with the General Plan based upon the information set forth in the staff report(s), accompanying studies, the Project Final EIR and appendices, and oral and written public testimony, including but not limited to the General Plan Consistency Analysis provided in Section 3.10 (Land Use and Planning) of the Draft EIR incorporated by reference. SECTION 7. ZONE CHANGE FINDINGS: Based upon the information set forth in the agenda report(s), accompanying studies, the Project Final EIR and appendices, and oral and written public testimony, the City Council finds that the proposed zone change depicted in Exhibit A is consistent with the proposed General Plan land use designation and existing General Plan, including the Housing Element, as outlined in Section 3.10 of the Draft EIR. SECTION 8. DEVELOPMENT AGREEMENT FINDINGS: Based upon the information set forth in the staff report(s), accompanying studies, the Project Final EIR and appendices, and oral and written public testimony, the City Council makes the following findings in accordance with City of Moorpark, Municipal Code Section 15.40.100: 346 Ordinance No. 502 Page 4 A. The provisions of the development agreement as depicted in Exhibit B are consistent with the General Plan in that the Project will provide for the orderly developed of land identified in the City’s General Plan and Zoning Ordinance through the Project Specific Plan, as appropriate for residential development and the Development Agreement will strengthen the planning process by providing vesting development rights, addressing the timing of the development of public and private improvements, determine development fees and the provision of specific community benefits, including parks and affordable housing. To that end, the Development Agreement serves to strengthen the planning process by providing coordinated development that ensures minimal impacts to the community and public facilities. B. The provisions of the Development Agreement as depicted in Exhibit B and the assurances that said agreement places upon the project are consistent with the provisions of Chapter 15.40 of the Moorpark Municipal Code because the Development Agreement contains the elements required by Section 15.40.030 and shall be processed through a duly-noticed public hearing process as required by law. SECTION 9. CITY COUNCIL APPROVAL – THE CITY COUNCIL DOES HEREBY ORDAIN AS FOLLOWS: A. ZONING ORDINANCE AMENDMENT: Based on the findings and conclusions set forth in the above sections, and based on all the other evidence in the record, the City Council hereby approves Zone Change No. 2019-01 as depicted in Exhibit A which amends the Zoning Map to reflect the designations included in Exhibit A; B. DEVELOPMENT AGREEMENT: Based on the findings and conclusions set forth in the above sections, and based on all the other evidence in the record, the City Council hereby approves Development Agreement No. 2019-01 as depicted in Exhibit B. SECTION 10. If any section, subsection, sentence, clause, phrase, part or portion of this ordinance is for any reason held to be invalid or unconstitutional by any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council declares that it would have adopted this ordinance and each section, subsection, sentence, clause, phrase, part or portion thereof, irrespective of the fact that any one or more section, subsections, sentences, clauses, phrases, parts or portions may be declared invalid or unconstitutional. SECTION 11. This ordinance shall become effective 30 days after its passage and adoption. A summary of this ordinance shall, within 15 days after passage, be published in accordance with Section 36933 of the Government Code of the State of California with the names of the City Councilmembers voting for and against it. 347 Ordinance No. 502 Page 5 SECTION 12. The City Clerk shall certify to the passage and adoption of this ordinance; shall enter the same in the book of original ordinances of the City; shall make a written record of the passage and adoption thereof in the minutes of the proceedings of the City Council at which the same is passed and adopted; and shall publish notice of adoption in the manner required by law. PASSED AND ADOPTED this 6th of July, 2022. __________________________________ Janice S. Parvin, Mayor ATTEST: ___________________________________ Ky Spangler, City Clerk Attachments: Exhibit A: Zone Change No. 2019-01 Exhibit Exhibit B: Development Agreement No. 2019-01 with Exhibits 348 RPD-20DU-N-D Hitch Ranch Specific Plan AE Agricultural Exclusive EXHIBIT AOrdinance No. 502 Page 6 349 11134.00039/1248307v2 12853-0079\2530518v12 Recording Requested By And When Recorded Return to: CITY CLERK CITY OF MOORPARK 799 Moorpark Avenue Moorpark, California 93021 EXEMPT FROM RECORDER’S FEES Pursuant to Government Code §6103 DEVELOPMENT AGREEMENT BY AND BETWEEN CITY OF MOORPARK AND RWC HITCH RANCH, LLC Ordinance No. 502 Page 7 350 11134.00039/1248307v2 12853-0079\2530518v12 DEVELOPMENT AGREEMENT This Development Agreement the (“Agreement”) is made and entered into on ______________, 2022 by and between the CITY OF MOORPARK, a municipal corporation (referred to hereinafter as “City”) and RWC HITCH RANCH, LLC, a Delaware Limited Liability Company the owners of a legal or equitable interest with respect to certain real property within the City of Moorpark generally referred to as Residential Planned Development Permit 2019-01 (referred to hereinafter as “Developer”). City and Developer are referred to hereinafter collectively as a “Party” and collectively as the “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 RWC Hitch Ranch, LLC and CCA Management, LLC each hold a legal or equitable interest with respect to certain real property in the City of Moorpark identified in the legal description set forth in Exhibit “A” which exhibit is attached hereto and incorporated by reference, commonly known as Hitch Ranch, referred to hereinafter as the “Property”. Developer’s interest in the Property is an option holder. 1.3 Prior to, and in connection with, the approval of this Agreement, the City Council reviewed the project to be developed pursuant to this Agreement as required by the California Environmental Quality Act (“CEQA.”) On __________, 2022, the City Council adopted Resolution No. 2022-____, adopting the Environmental Impact Report (“EIR”) and Mitigation Monitoring and Reporting Program the (“MMRP”) prepared for this Agreement and the Project Approvals as defined in Subsection 1.4 of this Agreement. 1.4 General Plan Amendment (GPA) No. 2020-01, Zone Change (ZC) No. 2019-01, Hitch Ranch Specific Plan (2019-01), Tentative Tract Map (TTM) No. 5708, including all subsequently approved modifications and permit adjustments and all amendments thereto, including without limitation the Residential Planned Development (RPD) Permit No. 2020- 01, (collectively “the Project Approvals”; individually “a Project Approval”) provide for the development of the Property with 755 residential units comprised of a mix of multi-family units (which for purposes of this Agreement shall mean residential structures consisting of two (2) or more Ordinance No. 502 Page 8 351 12853-0079\2530518v8.doc attached residential dwelling units, both for sale and for rent) and single family units, with the unit count or range for each type of unit as provided for in the Hitch Ranch Specific Plan, and the construction of any improvements in connection therewith (“the Project”). Consistent with the Project Approvals, the Parties anticipate that during the Term of this Agreement, Developer may seek from City Subsequent Approvals (as defined below) that are necessary or desirable to implement the Project Approvals. 1.5 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. 1.6 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. 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. 1.7 City and Developer acknowledge and agree that the consideration 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 currently amended. 1.8 On __________, 2022, the Planning Commission commenced a duly noticed public hearing on this Agreement, and at the conclusion of the hearing on __________, 2022 recommended approval of this Agreement. 1.9 On __________, 2022, the City Council of City (“City Council”) commenced a duly noticed public hearing on this Agreement, and following the conclusion of the hearing closed the hearing and introduced and provided first reading to Ordinance No. ___ (“the Enabling Ordinance”) that approves this Agreement. Thereafter on __________, 2022, the City Council gave second reading to and adopted the Enabling Ordinance. 1.10 Developer has expended and will continue to expend substantial amounts of time and money planning and preparing for development of the Project. City has expended and will continue to expend substantial amounts of time and money processing the Project Approvals. The Parties desire to utilize this Agreement as a means to ensure that the Developer’s interests and the City’s interests with respect to the development of Hitch Ranch are appropriately protected and balanced. Ordinance No. 502 Page 9 352 11134.00039/1248307v2 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 Site”. 3.Binding Effect; City Right to Terminate. If Developer or its Affiliate (as provided in Section 3.3 below) does not acquire title to the Property (and provide reasonable evidence thereof to City, like a copy of its owner’s title policy , or the Deed conveying the Property) by the end of the fifth (5th) anniversary of the Operative Date of this Agreement then the City Manager may, in his or her sole and absolute discretion, terminate this Agreement (and any and all rights theretofore accrued under this Agreement) by written notice to Developer, further provided, however, that this Agreement shall not be effective with respect to or binding upon owners of any interest in the Property other than Developer until and unless Developer or its permitted assignees have acquired a fee interest in the Property. Subject to the foregoing, 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 (subject to Subsection 3.2 below) 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. 3.1 Constructive Notice and Acceptance. Subject to the foregoing, every person who acquires any right, title or interest in or to any portion of the Property shall be conclusively deemed to have consented and agreed to be bound by this Agreement to the extent the provisions of this Agreement apply to the portion of the Property conveyed as of the effective date of the conveyance or such provisions are of general applicability, whether or not any reference to the Agreement is contained in the instrument by which such person acquired such right, title or interest, subject to Subsection 3.2 below. 3.2 Release Upon Subsequent Transfer of Title by Developer. Upon the conveyance of Developer’s interest in the Property or any portion thereof by Developer or its successor(s) in interest, and except as otherwise provided in this Section, the transferor shall be released from its obligations hereunder with respect to the portion of Property conveyed as of the effective date of the conveyance, provided that the transferee expressly assumes all obligations of the transferred portion of the Property (and becomes an “Assignee” of this Agreement), and a copy of the executed assignment and assumption agreement is delivered to the City prior to the conveyance. 3.3 Developer may transfer all or any portion of its interests in the Property, together with all its right, title and interest in any portion of this Agreement that effects the transferred Property or portion of the Property, to any transferee provided that if such transfer occurs prior to such time as the public improvements in connection with the Property or portion of the Ordinance No. 502 Page 10 353 12853-0079\2530518v8.doc Property have been completed by the Developer, then such transfer shall be subject to City approval of the transfer, which approval shall be in compliance with the provisions set forth below. City shall not unreasonably withhold or unreasonably delay or condition consent to any such transfer provided that as of the effective date of transfer: (1) the transferee has specifically assumed in writing the obligations, or a portion of the obligations of Developer that affect the transferred portion of the Property, to design, construct, install and finally complete the public improvements affecting the subject portion of the Project/Property, which assignment and assumption agreement shall be reaso nably approved by the City Manager to the extent provided in and consistent with this Section; (2) the transferee has the experience and financial capacity to complete the public improvements subject to such assignment and assumption; (3) the transferee has obtained replacement bonds, accepted by City for the public improvements (in which event, City shall release Developer’s corresponding public improvement bonds); and (4) Developer retains and does not transfer its obligation to provide an irrevocable off er of dedication for, and then design and construct North Hills Parkway, Casey Road, Gabbert Road, and High Street for the scope of improvements as conceptually shown in Exhibit B the Regional Roadways Exhibit (the “Regional Roadways”) unless Developer transfers its entire interest in the Property and successor to Developer assumes all such obligations. In the event of any transfer pursuant to this Section : (i) Developer shall notify City within twenty (20) calendar days prior to the transfer of the name of the Transferee, together with the corresponding entitlements being transferred to the transferee and (ii) the agreement between Developer and the transferee pertaining to the transfer shall provide that the transferee shall be liable for the performance of those obligations of Developer under this Agreement that relate to the transferred Property, if any, in which case the Developer shall be released by City from such assumed obligations (which release shall be included in the assignment and assumption agreement as provided immediately above) or shall confirm that Developer and all transferees shall remain jointly liable for the design and construction of the public improvements pursuant to this Agreement. Any, each and all successors and assigns of Developer shall have all of the same rights, benefits, duties and obligations of Developer under this Agreement to the extent of such assignment and assumption. Notwithstanding the foregoing or anything to the contrary contained in this Agreement, unless Developer transfers its entire interest in the Property and successor to Developer assumes all such obligations, Developer shall not transfer its obligation to provide an irrevocable offer of dedication for, and then design and construct North Hills Parkway, Casey Road, Gabbert Road, and High Street as provided in the scope of improvements as conceptually shown in Exhibit B the Regional Roadways Exhibit (the “Regional Roadways”). Notwithstanding the foregoing or anything to the contrary contained in this Agreement, Ordinance No. 502 Page 11 354 11134.00039/1248307v2 Developer shall not be required to submit the evidence and documentation called for above or to obtain the prior consent of the City, if such sale, transfer or assignment is to an Affiliate of Developer. For purposes of this Section , "Affiliate" shall mean an entity that controls, is controlled by, or is under common control of Developer. 3.4 Except as provided in Section 3.3, a default by any Assignee shall only affect that portion of the Property/Project owned by such Assignee and shall not cancel or diminish in any way Developer’s rights or obligations hereunder with respect to the assigned portion of the Property/Project not owned by such Assignee. The Assignee shall be responsible for the reporting and annual review requirements relating to the portion of the Property/Project owned by such Assignee. Any amendment to this Agreement between City and Assignee shall only affect the portion of the Property/Project owned by such Assignee which has been designated in an assignment of assumption agreement to be the party responsible for coordinating the reporting and annual review requirements of this Agreement. Notwithstanding the foregoing, this Agreement shall not be binding upon the transferee of a Completed Unit with respect to the transferee’s interest in such Completed Unit, and the rights and obligations of Developer under this Agreement shall not run with the portion of the Property that is conveyed with the Completed Unit after such conveyance of the Completed Unit by Developer or its successor in interest(s). For purposes of this Agreement, “Completed Unit” means a completed residential unit within the Property for which the City has issued a final inspection or certificate of occupancy. Subject to the foregoing limitation with respect to Completed Units, all of the provisions of this Agreement shall be enforceable during the Term as equitable servitudes and constitute covenants running with the land pursuant to applicable law, including, but not limited to Civil Code Section 1468. 4. Development of the Property. The following provisions shall govern the subdivision, development and use of the Property. 4.1 Permitted Uses. The permitted and conditionally permitted uses of the Property shall be limited to those that are allowed by the Project Approvals, Subsequent Approvals, Applicable City Law (as defined below), and this Agreement. 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, Subsequent Approvals, Applicable City Law and this Agreement. 4.3 Exemption from Hillside Management Standards. The Parties agree that the Project shall be exempt from the Hillside Management Chapter of the Ordinance No. 502 Page 12 355 12853-0079\2530518v8.doc Moorpark Municipal Code pursuant to subsection (m) of Section 17.38.030 of the Moorpark Municipal Code. 4.4 Building Standards. All construction on the Property shall adhere to uniform construction codes generally-applicable City-wide in effect at the time the plan check or permit is approved per Title 15 of the Moorpark Municipal Code and to any federal or state building requirements that are then in effect on a citywide basis (collectively “the Building Codes”). 4.5 Reservations and Dedications. All reservations and dedications of land for public purposes that are applicable to the Property are set forth in the Project Approvals, Subsequent Approvals and this Agreem ent. 4.6 Applicable City Law. For purposes of this Agreement, “Applicable City Law(s)” shall mean City laws in force and effect and generally-applicable City-wide on the Operative Date, governing density, the design, improvements, fees, and construction standards and specifications applicable to the Project, including without limitation the applicable provisions of the Moorpark General Plan, the Moorpark Municipal Code and other City ordinances, resolutions, rules, regulations, policies, standards and requirements, governing permitted uses of the Project Site, and any new City laws that are not in conflict with any of the foregoing. 4.7 General Limitation on the Application of Changes to City Laws to the Project. As provided in Moorpark Municipal Code Sec. 15.40.130.B, the City may apply any amendments, changes, updates to Applicable City Law or new City law (collectively “new City law”) to the Project that is not in conflict with this Agreement, the Project Approvals, Subsequent Approvals, and the Applicable City Law it describes, provided that the City shall not apply any new City law to the Project that has the effect of or is intended to: (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, square footage, floor area ratio, height of buildings, or other improvements from what is allowed by this Agreement or 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, or take any action or refrain from taking any action that results in Developer having to substantially delay construction of the Project or require the acquisition of additional permits or approvals by the City other than those required by this Ordinance No. 502 Page 13 356 11134.00039/1248307v2 Agreement, the Project Approvals, Subsequent Approvals, or the Applicable City Law, provided that all infrastructure required by the Project Approvals to serve the portion of the Property covered by the Project Approval or Subsequent Approval is in place or is scheduled to be in place prior to completion of construction; (d)are not uniformly applied on a citywide basis to all substantially similar types of development projects or to all properties with similar land use designations; (e)Limit or control the availability of public utilities, services, or facilities otherwise allowed by the Project Approvals, Subsequent Approvals, this Agreement or Applicable City Law; (f)Institute or apply rent or income restrictions other than as specifically provided in this Agreement; (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 prohibit or restrict the establishment or expansion of urban services including but not limited to community sewer systems to the Project. Any new City law that meets the foregoing requirements shall be Applicable City Law. Pursuant to this Agreement, the Applicable City Law will be an expanding body of law, such as, for example, when Subsequent Approvals are granted by City, and/or when Developer becomes subject to a new City law, but only to the extent and as provided in this Agreement. 4.8 Reservation of City Authority. Notwithstanding anything in this Agreement to the contrary, the following new City laws shall apply to the Property and the Project: (a)Processing fees and charges of every kind and nature usually and uniformly imposed by the City on applicants and projects of similar nature to the Project and imposed by the City generally to cover the estimated actual costs to City of processing applications for Subsequent Approvals. (b)Procedural regulations consistent with this Agreement relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals and any other matters of procedure, to the extent not in conflict with this Agreement or the Project Approvals. (c)Changes adopted by the City Council in the California Building Code, California Residential Building Code, California Fire Code, California Plumbing Code, California Mechanical Code, or Ordinance No. 502 Page 14 357 12853-0079\2530518v8.doc California Electrical Code, California Green Building Standards Code, California International Property Maintenance Code, California Energy Code, California Historical Building Code, California Existing Building Code, Uniform Housing Code, California Administrative Code and Uniform Code for the Abatement of Dangerous Buildings and similar uniform codes as required by and in accordance with State law. (d) Rules, regulations and official policies governing permitted uses of the land, density, and design, improvement, and construction standards and specifications existing after the Effective Date that are not in conflict with the Development Approvals and this Agreement. (e) Rules, regulations and official policies governing permitted uses of the land, density, and design, improvement, and construction standards and specifications existing after the Effective Date that are in conflict with the Development Approvals, provided Developer has given written consent to the application of the rules, regulations and policies to the Development. (f) Federal, state, county and multi-jurisdictional laws and regulations that City is required to enforce as against the Property or the Development, whether or not the laws and regulations are in conflict with the Project Approvals. 4.9 Modification or Suspension by Federal, State, County, or Multi- Jurisdictional Law. In the event that federal, or state laws or regulations, enacted after the Effective Date, prevent or preclude compliance with one or more of the provisions of this Agreement, the provisions of this Agreement shall be modified or suspended as may be necessary to comply with the federal or state laws or regulations, and this Agreement shall remain in full force and effect to the extent it is not inconsistent with the laws or regulations and to the extent the laws or regulations do not render the remaining provisions impractical to enforce. 5. Vesting of Development Rights. 5.1 Vested Right to Develop; Timing of Development. Developer and its successors in interest shall have the vested right to develop the Property in accordance with the terms and provisions of the Project Approvals, the Subsequent Approvals (as and when issued), the Applicable City Law and new City law (to the extent applicable to the Property as otherwise provided in this Agreement), this Agreement and amendments to this Agreement that may, from time to time, be approved pursuant to this Agreement. The Parties intend that this Agreement, together with the Project Approvals, shall serve as the controlling document for all Ordinance No. 502 Page 15 358 11134.00039/1248307v2 subsequent actions, discretionary and ministerial, relating to the development and occupancy of the Property, including, without limitation, all Subsequent Approvals (as defined below). 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. 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 C ouncil or through the initiative or referendum process, shall apply to the Property provided the Property is developed in accordance with the Project Approvals, Subsequent Approvals and this Agreement. Nothing in this subsection shall be construed to limit City’s right to ensure that Developer timely provides all infrastructure required by the Project Approvals, Subsequent Approvals, and this Agreement. 5.2 Amendment of Project Approvals; Subsequent Approvals. No amendment of any of the Project Approvals or Subsequent 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 to the Project Approvals, Subsequent Approvals, as applicable. 5.3 Issuance of Subsequent Approvals; New City Law. 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 necessa ry to or desirable for the development of the Project, building permits, and amendments to the Project Approvals or any amendments to Subsequent Approvals previously granted (collectively “the Subsequent Approvals”; individually “a Subsequent Approval”) shall be consistent with, and be governed by this Agreement, Project Approvals and the Applicable City Laws. 5.4 Except as otherwise permitted by Section 4.7 and 4.8, so long as the applications for the Subsequent Approvals substantially comply with this Agreement and Applicable City Law and are substantially consistent with the Project Approvals, as reasonably determined by City, City shall process and grant the applications for Subsequent Approvals, provided the approving body is able to make any required findings and determinations required by Applicable City Law in connection with those Ordinance No. 502 Page 16 359 12853-0079\2530518v8.doc applications. Upon submission by Developer of any application for a Subsequent Approval, City shall commence and complete all steps necessary to review and process the requested Subsequent Approvals in good faith. City will review submittals for Subsequent Approvals for consistency with any prior Project Approvals and use good faith efforts to provide comments and make recommendations to Developer in compliance with the applicable requirements of the Permit Streamlining Act, Moorpark Municipal Code requirements and procedures and any other timelines imposed by law, provided, however, that such commitment is contingent upon the City not encountering delays in the review of those applications by third-parties such as other public entities and public and private utilities. In reviewing and acting upon any application for a Subsequent Approval, except as otherwise set forth in this Agreement, City shall not impose any conditions that preclude the development of the Project for the uses or the density and intensity of use set forth in this Agreement and the Project Approvals. In reviewing and approving applications for Subsequent Approvals, City may exercise its discretionary review and may attach such conditions and requirements as may be deemed necessary or appropriate to carry out the policies, goals, standards, and objectives of the City’s General Plan, applicable Specific Plan, and to comply with legal requirements and policies of City and applicable CEQA requirements pertaining to such Subsequent Approvals, so long as such conditions and requirements do not preclude the uses or the density and intensity of use set forth in the Project Approvals and this Agreement. Any City denial of an application under this section shall include a statement of the reasons for such denial. Developer may appeal a denial as provided by Applicable City Law. Any Subsequent Approval or amendment to a Sub sequent Approval shall be, upon approval or issuance, and after all appeal periods have expired or, if an appeal is filed, if the appeal is decided in favor of the approval, automatically vested and incorporated into this Agreement. 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 and does not alter the permitted uses, density, intensity, maximum height, size of buildings or reservations and dedications as contained in the Project Approvals except for Minor Modifications as Ordinance No. 502 Page 17 360 11134.00039/1248307v2 provided. Any City denial of Developer’s request to modify the Project Approvals shall be made in writing. Any City denial of a Subsequent Approval shall include a written statement of decision, which will include findings supporting that denial. Developer may appeal a denial as provided by Applicable City Law. 5.6 Minor Modifications. The Parties acknowledge that refinement and further implementation of the Project may demonstrate that certain minor changes beyond those provided for in the Project Approvals may be appropriate with respect to the details and performance of the Parties under this Agreement. The Parties desire to retain a certain degree of flexibility with respect to the details of the Project and with respect to those items covered in the general terms of this Agreement. If and when the Parties find that clarifications, minor changes, or minor adjustments beyond those provided for in the Project Approvals are necessary or appropriate, they shall effectuate such clarifications, minor changes, or minor adjustments through a written “Minor Modification” approved in writing by Developer and the City Manager or his or her designee, without amending this Agreement, provided that the City Manager (or designee) finds the Minor Modifications: (i) do not result in a change to the permitted uses of the Property, the reservation or dedication of land for public purposes, or the improvement and construction standards for the Project; (ii) do not result in a material change in maximum residential density, maximum intensity of use or the maximum height and size of buildings; (iii) are substantially consistent with the Project Approvals and Subsequent Approvals, if any; and (iv) are substantially consistent with the provisions, purposes, and goals of this Agreement. A “material change” means (i) any increase in the number of residential units, (ii) reserved; or (iii) a change in a development standard by fifteen percent (15%) or more. For example, for a height limit of 20 feet, a change of three feet or less is deemed non-material. Unless otherwise required by law, no such Minor Modification shall require prior notice or hearing, nor shall it constitute an amendment to this Agreement. Any change that would otherwise fall outside the scope of a Minor Modification under this subsection but which the Developer demonstrates to the satisfaction of the City Manager (or designee), in his or her sole and absolute discretion, is necessary to allow for an increase in the number of affordable housing units in a building, may be approved by the City Manager (or designee) as a “Minor Modification.” The City Manager’s (or designee’s) determination may be appealed to the Planning Commission which may review such determination in its sole and absolute discretion. 5.7 Development Timing. Developer shall be obligated to comply with the terms and conditions of the Project Approvals, Subsequent Approvals, and this Agreement at those times specified in either the Project Approvals, Subsequent Approvals, or this Agreement. The Parties acknowledge that Developer cannot at this time predict with certainty when or the rate at Ordinance No. 502 Page 18 361 12853-0079\2530518v8.doc which phases of the Project Site would be developed. Such decisions depend upon numerous factors that are not all within the control of Developer, such as market orientation and demand, interest rates, competition, and other factors. Because the California Supreme Court held, in Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1984), that the failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development controlling the parties’ agreement, it is the intent of the Parties to hereby acknowledge and provide for the right of Developer to develop the Project in such order and at such rate and times as Developer deems appropriate within the exercise of its sole and subjective business judgment, subject to the terms, requirements and conditions of the Project Approvals, Subsequent Approvals, and this Agreement, provided that any such discretion is not intended to obviate or otherwise delay the completion of infrastructure required to serve each phase as it is constructed or to delay completion of major public improvements when required by the Project Approvals. City acknowledges that such a right is consistent with the intent, purpose, and understanding of the Parties to this Agreement, and that without such a right Developer’s development of the Project would be subject to the uncertainties sought to be avoided by the Development Agreement Statute, Development Agreement Ordinance, and this Agreement. Developer will use its best efforts, in accordance with Developer’s subjective business judgment and taking into consideration market conditions and other economic factors influencing Developer’s subjective business decision, to commence or to continue development, and to develop the Project in a regular, progressive, and timely manner in accordance with the provisions and conditions of this Agreement and with the Project Approvals. 5.8 Issuance of Building Permits. No Building Permit shall be unreasonably withheld or delayed from Developer if Developer is in compliance with this Agreement and the Project Approvals and Subsequent Approvals. In addition, no final inspection or Certificate of Occupancy will be unreasonably withheld or delayed from Developer if all infrastructure required by the Project Approvals, 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, the Developer is in compliance with all provisions of this Agreement, the Project Approvals and Subsequent Approvals, 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. 5.9 Moratorium on Development. To the extent consistent with state law (and excepting a declaration of a local emergency or state emergency as Ordinance No. 502 Page 19 362 11134.00039/1248307v2 defined in Government Code section 65858 or 8558), if any ordinance, resolution, or other measure is enacted subsequent to the Operative Date, whether by action of City, by initiative, referendum, or otherwise, that imposes a building moratorium, a limit on the rate of development, or a voter-approval requirement that would otherwise create an additional procedural requirement or affect the timely development o f the Project on all or any part of the Project Site, City agrees that such ordinance, resolution, or other measure shall not apply to the Project, the Project Site, this Agreement, the Project Approvals, or the Subsequent Approvals, if any, during the Term. 5.10 Life of Project Approvals or Subsequent Approvals. The term of any Tentative Map for the Project shall be automatically extended for the Term of this Agreement. The term of any other Project Approval or Subsequent Approval (other than a Tentative Map) shall automatically be extended so that the term of that Project Approval or Subsequent Approval has a total duration of five (5) years (inclusive of the time granted as part of the underlying Approval.) The term of any Project Approval or Subsequent Approval shall not include any period of time during which any applicable development or utility moratorium, lawsuit, referendum, or action by any other public agency that regulates or affects land use delays development of the Project Site (“Enforced Delay”). In the event of any such Enforced Delay, the term of Project Approval or Subsequent Approval shall be extended for as many days as the Enforced Delay occurs, as reasonably determined by the City Manager, but not to exceed five (5) years unless otherwise required and provided by state law. 6. Developer Agreements. 6.1 Development as a Residential Project. 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 EIR and any subsequent or supplemental environmental actions (v) standards outlined in the Hitch Ranch Specific Plan. Developer agrees not to apply for any non-residential uses on the Property. The Recreation Centers/clubhouses and private recreational facilities within any gated communities shall be considered to be part of the residential uses. 6.2 Condition of Dedicated or Conveyed Property. All lands and interests in land dedicated to City, including without limitation North Hills Parkway, High Street, Casey Road, Gabbert Road, Meridian Hills Parkway, A Street, Park A, and Park B, 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 the City Engineer or the City Manager. Ordinance No. 502 Page 20 363 12853-0079\2530518v8.doc 6.3 Traffic Mitigation Requirements. In full satisfaction of all traffic mitigation requirements and obligations imposed with respect to the Project and as conditions to the Project Approvals, Developer shall construct or cause the construction of the extension of North Hills Parkway, Casey Road, Gabbert Road, and High Street, in the locations as provided, and to the scope as conceptually shown in Exhibit B (the “Regional Roadways Exhibit”). Within twelve (12) months after the date of issuance of the first grading permit issued with respect to the Project, Developer agrees to provide City an irrevocable offer of dedication to dedicate right-of-way at no cost to City for the future North Hills Parkway throughout the entirety of the Property. As further clarification of the Regional Roadways Exhibit, the right-of-way required for North Hills Parkway shall be a minimum of two hundred (200) feet in width and shall also include necessary on-site and off-site slope easements. Developer further agrees to dedicate access rights from the Property to the City along the entire North Hills Parkway frontage, except for private streets as part of the Tract Map for this Project. At the time set forth in the conditions of approval applicable to the Project as provided in the Project Approvals, Developer shall design and construct the public street improvements for (a) North Hills Parkway to a total width of a maximum of four lanes (two in each direction) throughout the entirety of the Property, (b) Gabbert Road from North Hills Parkway to High Street to a total width of a maximum of four lanes (two in each direction), and (c) Gabbert Road North of North Hills Parkway to a maximum width of two lanes (one in each direction) to the northerly boundary of the Property. The required roadway improvements to be included in Developer’s traffic improvements as provided in this section shall include curb and gutter, sidewalks, streetlights, parkway and median landscaping, street paving, and utilities to the extent required by the applicable improvement plans (provided that final lift of street paving may be delayed until final completion of adjacent improvements). The portions of North Hills Parkway at its intersection with Gabbert Road and the Gabbert Road improvements shall be subject to a cost-sharing agreement with the Burns-Pacific Construction property (Final Map No. 5906 ), and the Rasmussen property (RPD No. 2016-02). 6.4 Development Fee Per Unit. As a condition of the final inspection for each residential dwelling unit within the Property, Developer shall pay City a one-time development fee as described herein (the “Development Fee”). The Development Fee may be expended by City in its sole and unfettered discretion. The amount of the Development Fee shall be Nine Thousand Two Hundred Dollars ($9,200.00) per single-family residential unit and Seven Thousand Eighty-Four Dollars ($7,084.00) per multi-family residential unit. The Development Fee shall be adjusted annually commencing January 1, 2024, by the Consumer Price Index (CPI). The annual CPI adjustment 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/Long Beach/Anaheim Ordinance No. 502 Page 21 364 11134.00039/1248307v2 metropolitan area during the prior year. The calculation shall be made using the month of October over the prior October. In the event there is a decrease in the referenced Index for any annual indexing, the current amount of the fee shall remain until such time as the next subsequent annual indexing which results in an increase. 6.5 Gabbert Road Railroad Crossing Contribution. Developer agrees to contribute to the cost of the design and construction of Gabbert Road and the Union Pacific railroad crossing by paying the City five hundred thousand ($500,000.00) no later than before the final inspection of the 200th dwelling unit within the project. Said funds shall be deposited into the City’s Traffic Mitigation Fund to be used in conjunction with other funds collected by the City for the purpose of widening and making other improvements to that intersection to improve vehicular and pedestrian traffic flow through that intersection. 6.6 Los Angeles Avenue Area of Contribution (LAAOC) Fees. As a condition of final inspection for each residential dwelling unit within the boundaries of the Property, Developer shall pay City a one-time Los Angeles Avenue Area of Contribution fee as described herein (“LAAOC”). The LAAOC Fee shall be Ten Thousand One Hundred Thirty-Four Dollars ($10,134.00) per single-family residential unit and Seven Thousand Eight Hundred Three Dollars ($7,803.00) per multi-family residential unit within the Property to be paid prior to final inspection for each residential dwelling unit in the Project. If the LAAOC Fee is not paid by January 1, 2024, then commencing on January 1, 2024, and annually thereafter, the LAAOC 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/Long Beach/Anaheim metropolitan area during the prior year. The calculation shall be made using the month of October over the prior month of October. 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. 6.7 Air Quality Fees. Developer agrees that the Mitigation Measures included in the City Council approved EIR and MMRP, or subsequent environmental clearance document approved by the Council, set forth the mitigation requirements for air quality impacts. Developer agrees to pay to City a one-time 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. Ordinance No. 502 Page 22 365 12853-0079\2530518v8.doc The Air Quality Fee shall be One Thousand Seven Hundred Nine Dollars ($1,709.00) per single-family residential unit and One Thousand Three Hundred Sixteen Dollars ($1,316.00) per multi-family residential unit within the Property to be paid prior to f inal inspection for each residential dwelling unit in the Project. If the Air Quality Fee is not paid by January 1, 2024, then commencing on January 1, 2024, 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/Long Beach/Anaheim metropolit an area during the prior year. The calculation shall be made using the month of October over the prior month of October. 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. 6.8 Arroyo Vista Park Improvements / Park Fees. The City intends to improve the 14-acre Edison property at Arroyo Vista Community park for active recreational uses by the City. Improvements may include at a minimum: three soccer fields, turf, irrigation and associated vehicular parking spaces, the area to be improved is shown in Exhibit C, attached (the “Arroyo Vista Park Project”). In partial satisfaction of the park fees owing with respect to the Project, Developer will pay to the City the amount of Two Million Dollars ($2,000,000 .00) (the “Arroyo Vista Payment Obligation”) in full satisfaction of the Arroyo Vista Payment Obligation, prior to final inspection for the 200th residential unit of the Project. Developer shall satisfy the Arroyo Vista Payment Obligation by paying to the City the sum of Two Million Dollars ($2,000,000.00). Prior to final inspection for each residential dwelling unit within the Property, Developer shall pay a one-time fee in lieu of the dedication of parkland and related improvements (“Park Fee”). The amount of the Park Fee shall be Two Thousand Eight Hundred Dollars ($2,800.00) for each residential dwelling unit within the Property. If the Park Fee (but not the Arroyo Vista Payment Obligation) is not paid by January 1, 2024, the Park Fee (but not the Arroyo Vista Payment Obligation) shall be adjusted annually commencing January 1, 2024, as follows: The change in the CPI. The change 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/Long Beach/Anaheim metropolitan area durin g the prior year. The calculation shall be made using the month of October over the prior October. In the event there is a decrease in the CPI for any annual indexing, the Park Fee Ordinance No. 502 Page 23 366 11134.00039/1248307v2 shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. Developer agrees to fully construct the 7.23 acre Park A (Passive Park) and 6.77 acre Park B (Active Park) in the locations as shown in Exhibit D at its sole cost, consistent with the standards of other similar parks located in the City. Design of Park B is subject to the recommendation of the Parks Commission and approval of the City Council. Developer shall commence construction of Park B prior to the 400th building permit for a market rate Unit being issued, and Developer shall complete construction of Park B prior to the 600th building permit for a market rate Unit being issued. Developer agrees that the above-described payments shall be deemed to satisfy the parkland dedication requirement set forth in California Government Code Section 66477 et seq. (“Quimby Act”) for the Property. 6.9 Community Services Fee. As a condition of final inspection for each residential dwelling unit within the boundaries of the Project, Developer shall pay City a one-time community services fee as described herein (Community Services Fee). The Community Services Fees may be expended by City in its sole and unfettered discretion. The amount of the Community Services Fees shall be Two Thousand Seven Hundred Dollars ($2,700.00) per single-family residential unit and Two Thousand Seventy- Nine Dollars ($2,079.00) per multi-family residential unit within the Property to be paid prior final inspection for each residential dwelling unit in the Project. Commencing on January 1, 2024, and annually thereafter, the Community Services Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all Community Service Fee 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/Long Beach/Anaheim metropolitan area during this prior year. The calculation shall be made using the month of October over the prior month of Octo ber or in the event there is a decrease in the CPI for any annual indexing, the Community Service Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. 6.10 Art in Public Places Fee. Developer agrees to pay the Art in Public Places Fee (“Art Fee”) at the time of final inspection for each building prior to final inspection for that residential building within the Project consistent with City Resolution No. 2005-2408 (in the amount of one percent (1.0%) of total building valuations excluding land value and off-site improvement costs). Alternatively, Developer, in its sole discretion, may work with local artists and foundations to create art installations or forums within the linear park area within the Project and adjacent to High Street (the “Alternative Art Obligation”). If the Developer elects to satisfy this requirement pursuant to the Alternative Art Obligation, then as of the date one year Ordinance No. 502 Page 24 367 12853-0079\2530518v8.doc after the issuance of the final building permit for the last unit of the Project, the Developer shall submit a reasonable accounting of the costs incurred by Developer in satisfaction of the Alternative Art Obligation for approval by the City Manager or City Development Director. If the final Alternative Art Obligation cost is less than the Art Fee for the Project, the Developer shall pay the difference. This Section does not obligate the City to reimburse the Developer for any amount by which the Alternative Art Obligation costs exceed the amount of the Art Fee. 6.11 Other Development and Processing Fees. Notwithstanding anything to the contrary in this Agreement, the Project and Project site shall only be subject to those development impact fees as set forth in this Section 6, in the amounts as provided herein, including any CPI adjustment as provided herein (“Impact Fees”). The City shall not impose any new categories of Impact Fees on the development of the Project or the Project Site (including required contributions of land, public amenities , or services) from and after the Operative Date. Any substitute Impact Fees that replace any Impact Fees listed in Section 6 of this Agreement (but do not expand the purpose or scope of, or increase the amounts or costs beyond, those as provided herein) shall apply to the Project, and shall not be considered new categories of Impact Fee as set forth above. If the City reduces the amount of any Impact Fees shown in this Section 6 the Project will be subject to the lesser amount. In addition to fees specifically mentioned in this Agreement, Developer agrees to pay for the costs to City of processing any and all Developer-requested land use approvals, including without limitation, entitlement processing fees, whether such processing fees or the amount of those processing fees were in effect prior to the Operative Date, and plan check and permit fees for buildings and public improvements at the rate and amounts then generally in effect so long as such fees are imposed on projects similar to the Project or on property similar to the Property. 6.12 Processing Fees. On or before the Operative Date, Developer shall pay all outstanding City processing costs related to preparation of this Agreement, the Project Approvals and the EIR. 6.13 Financing District(s). (a) It is the mutual intent of the Parties that the development of the Project will not have any fiscal impact on or require any contribution from the General Fund of the City. Project funding for costs of the development of the Project may include a mix of different approaches, including without limitation, Developer construction of and/or financing of such services, facilities, operations and maintenance through the payment of Impact Fees or other fees, taxes, levies, assessments, formation of and payment by a homeowner’s association, or other financing mechanisms as Ordinance No. 502 Page 25 368 11134.00039/1248307v2 determined by Developer in its reasonable discretion, pursuant and subject to this Agreement, the Project Approvals, Subsequent Approvals and all Applicable City Law, taking into account and guided by the pre-existing rights of others in the existing and future public services and facilities (including their operations and maintenance) that Developer may seek to use. To facilitate such intent, as necessary, the Developer may request the City to form one or more assessment or financing districts (“District(s)”), pursuant to Chapter 2.5 of Part 1 of Division 2 of the California Government Code (Government Code Sections 53311 et seq.) (the “CFD Act”), the Streets and Highways Code, Division 10 and 12, the Landscape and Lighting Act of 1972, or other similar law for the purposes of funding services required to be provided or funded under this Agreement, as Developer agrees to implement and the City determines are lawfully and appropriately funded by the District. To the extent other property owners outside the Property are interested or benefit and are made part of such District, such other properties may be encompassed in such District in accordance with applicable law. (b) A District or other funding mechanism to the satisfaction of the City Council and acceptable to Developer, shall be established to provide funding for roadway, park, and landscape maintenance in the area as shown in Exhibit D as “Roadway, Park, and Landscape Maintenance Area”. It is the intent of this Exhibit that the Homeowners’ Association for the Project shall be responsible for the maintenance of those areas and facilities that exclusively benefit residents of the Project, which shall exclude costs related to maintaining public dedicated roadways, parks, and landscape improvements in public areas within the project. (c) In connection with the formation of a District, Developer shall: (i) file with the City a petition for the formation of the District, (ii) provide any deposit required by the applicable act, (iii) not oppose formation of the District and (iv) vote in favor of the special tax or assessment, as appropriate, to fund the District. (d) Developer acknowledges and agrees that the City will not accept any improvements or facilities to be maintained by the District nor shall the Developer receive any payments from the District for any improvements or facilities until such facilities and improvements have been inspected and the City determines in its reasonable discretion, that such improvements and facilities have been completed in accordance with the applicable plans, and have no liens outstanding. Ordinance No. 502 Page 26 369 12853-0079\2530518v8.doc (e)The City and Developer agree that the assessments or special taxes for any District formed will be collected from parcels in the District as provided in the rate and method of apportionment (RMA) prepared for that District. (f)Upon written request of City, Developer will advance amounts necessary to pay all costs and expenses of City to evaluate and structure any District or other financing mechanism, to the end that City will not be obligated to pay any costs related to the formation or implementation of any District or other financing mechanism. City staff shall meet with the Developer to establish a preliminary budget for such costs, and will confer with Developer from time to time as to any necessary modifications to that budget. Any District may provide for the reimbursement to Developer of any advances by Developer for any costs incurred as provided immediately above, and any other costs incurred by Developer that are related to the District, such as the costs of legal counsel, special tax consultants, engineers, etc. 6.14 Densities Allowed for Development and Affordable Housing. (a)Developer shall construct or cause to be constructed in the Project not less than fifteen percent (15%) of the total number of housing units (excluding the Affordable Housing Units required by this section, as defined immediately below) as multi-family apartment housing units, which shall be available for occupancy at an Affordable Rent by Eligible Households (as such terms are defined below) to very low and low income households (the “Affordable Housing Units”). (b)Developer explicitly acknowledges that its agreement to construct the Affordable Housing Units is given as consideration for City’s willingness to negotiate and enter into this Agreement and for the valuable consideration given by City through this Agreement. Developer further acknowledges that its agreement to construct these affordable units is not the result of an existing policy or regulation imposed by City but instead is the result of arm’s length negotiation between Parties. (c)Developer further agrees that it shall provide the required number of Affordable Housing Units as specified above regardless of the cost to acquire or construct said Affordable Housing Units. Developer further agrees that City has no obligation to use eminent domain proceedings to acquire any of the required Affordable Housing Units and that this Subsection 6.14 is specifically exempt from the requirements of Subsection 7.2. Ordinance No. 502 Page 27 370 11134.00039/1248307v2 (d) Prior to recordation of the first Final Map for this Project, the parties agree to execute an Affordable Housing Agreement (“Affordable Housing Agreement”) that sets forth the Developer’s and City’s obligations and provides procedures and requirements to ensure that all of the required Affordable Housing Units are provided consistent with this Agreement and applicable State laws and remains affordable for the longest feasible time. The Affordable Housing Agreement shall include but not be limited to the following items: renter eligibility, affordability and restrictions. The City may, but is not required to consider including in the Affordable Housing Agreement the City’s agreement to defer the payment of all Impact Fees imposed with respect to the Affordable Housing Units in compliance with and subject to the requirements of Cal. Labor Code Sec. 1720(c)(5)(E) and other applicable law as part of an application by Developer that seeks to obtain funding subject to requirements established by the California Tax Credit Allocation Committee (“CTCAC”). The Agreement shall also include provisions regarding the respective role of City and Developer, the responsibility of providing the Affordable Housing Units by each successor developer in the event of successors and/or assigns to this Agreement, quality of and responsibility for selection of amenities and applicability of home warranties to meet all or a portion of its obligation and any other items determined necessary by the City. Developer shall pay the City’s direct costs for preparation and review of the Affordable Housing Agreement up to a maximum of ten-thousand Dollars ($10,000.00). The Affordable Housing Agreement and the terms of this Agreement shall be subject to modification and subordination to the extent required for the Affordable Housing Units by lenders providing construction and permanent financing for the Affordable Housing Units to meet the funding requirements established by CTCAC, if the Developer seeks funding for the Affordable Housing Units from CTCAC and related Housing Tax Credit Programs that provide tax credits for the construction and development of affordable units. (e) The Affordable Housing Units required by this Agreement are consideration for City’s entry into this Agreement and therefor none of the Affordable Housing Units shall duplicate or substitute for the affordable housing requirement of any other developer or development project. All subsequent approvals required of City under this Subsection 6.14 shall be made consistent with the provisions of this Agreement. (f) The Affordable Housing Agreement shall provide that the Affordable Housing Units shall be offered for occupancy at an Affordable Rent by Eligible Households to very low and low income households. For purposes of this Agreement, “Affordable Rent” is Ordinance No. 502 Page 28 371 12853-0079\2530518v8.doc the amount of rent considered as “affordable rent” for very low and low income households, adjusted for family size appropriate to the unit, less a utility allowance, pursuant to California Health and Safety Code Section 50053(b)(2) and (3) or any successor statute thereto. If the statute is no longer in effect and no s uccessor statute is enacted, the City shall establish the Affordable Rent for purposes of this Agreement. For purposes of this Agreement “adjusted for family size appropriate to the unit” shall mean a household of two persons in the case of a one-bedroom unit, three persons in the case of a two-bedroom unit, four persons in the case of a three-bedroom unit, and five persons in the case of a four- bedroom unit. For purposes of this Agreement, “Eligible Households” shall mean households meeting the income restrictions for low and very low income households based on Area Median Income as published from time to time by the California Department of Housing and Community Development. For purposes of this Agreement, “Area Median Income” shall mean the median income for households in the County in which the Property is located as published from time to time by the United States Department of Housing and Urban Development (“HUD”) in a manner consistent with the determination of median gross income under Section 8 of the United States Housing Act of 1937, as amended, and as defined in Title 25, California Code of Regulations, Section 6932. In the event that such income determinations are no longer published by HUD, or are not updated for a period of at least 18 months, the City shall provide the Developer with other income determinations that are reasonably similar with respect to methods of calculation to those previously published by HUD. If the Affordable Housing Units are financed in part through an allocation of federal or state low income housing tax credits, then for purposes of this Agreement, the definitions of "Affordable Rent", "Eligible Household" and "Area Median Income" will be replaced with the affordable rent, required income levels and related definitions as required in order to meet the CTCAC minimum affordability requirements as published annually by CTCAC for not more than 49% of the Affordable Housing Units. . (g) Developer warrants that the Affordable Housing Units shall be subject to all Conditions of Approval and shall meet all Building Codes. (h) The minimum size per bedroom type and allocation of bedroom types and amenity level with respect to Affordable Housing Units as provided in this Section shall be the greater of that shown on Schedule 6.14(h) attached or the minimum requirements of CTCAC with respect to size and amenity level for such units as set forth in the California Code of Regulations, Title 4, Division 17, Chapter 1. Ordinance No. 502 Page 29 372 11134.00039/1248307v2 The floor plan and size of the Affordable Housing Units shall be approved by the Community Development Director and City staff person responsible for City’s Affordable Housing Programs consistent with the foregoing requirement. (i) Developer agrees that the construction of the Affordable Housing Units must proceed on terms consistent with this Agreement and the Affordable Housing Agreement as specified in the following schedule: Market Rate Units Affordable Unit(s) Building Permit for 400th Unit Building Permit for Affordable Housing Unit Buildings Building Permit for 600th Unit Certificate of Occupancy for Affordable Housing Units Building 6.15 Conveyance of City Site to City. In consideration of this Agreement, Developer shall convey to City the real property consisting of approximately 23.36 acres more particularly described on Exhibit “E” (the “City Site”) in accordance with the terms and conditions hereinafter set forth. Upon its conveyance to the City, the City Site may be used for any municipal purpose or may be conveyed in whole or in part for private development use. At present, the City intends to develop the City Site in part for residential use, and in part for use as a passive park and a storm drainage detention/retention facility. Developer acknowledges that the City is contemplating a low and very low income housing development with a minimum density of 20 units to the acre on the City Site. Developer hereby covenants, represents and warrants that: (i) Developer shall not further encumber the City Site, and the City Site will be delivered free of all liens, and free of all other encumbrances unless otherwise agreed to by the City Manager subject only to exceptio ns __________________________ in that certain preliminary report dated __________________issued by ____________Title Company, ___________________ (“Title Company”) under Order Number ______________ (the “PTR”) and the REA/CC&Rs for the City Site described below and other easements or encumbrances reasonably required for the development of the Project (“Permitted Exceptions”); (ii) Developer shall not improve or alter the City Site except with the City Site Improvements (defined and described below); (iii) to Developer’s actual knowledge without duty of further investigation, the City Site does not Ordinance No. 502 Page 30 373 12853-0079\2530518v8.doc contain any hazardous materials; (iv) Developer represents that is has disclosed to City in writing all material facts regarding the City Site actually known to Developer and covenants that if Developer obtains actual knowledge of any material facts prior to closing, Developer will inform City in writing of those facts (iv) except as provided immediately above, the City Site shall be conveyed to City as-is, where is and without any representations and warranties of any kind. For the purposes of this Agreement, Developer’s actual knowledge or words to similar effect shall mean the actual knowledge of the Developer’s project manager for the Project, without any duty of investigation. Developer shall fully cooperate with the Title Company in order to facilitate the issuance of an owner’s title policy to City upon the closing of the conveyance (for example, Developer shall provide its organizational documents and evidence of due legal authorization of the conveyance and/or this DA to Title Company, and shall complete, execute and return to Title Company the typical owner’s statement/affidavit required by the Title Company). Prior to and as a condition of closing, Developer has delivered copies of the following soils and environmental reports to City which cover/include the City Site: Geotechnical investigations soil borings and laboratory analysis, within the areas of the structures to better define the severity of liquefaction, settlement, and expansiveness conditions. Prior to and as a condition of closing, Developer shall obtain, at Developer’s cost, letters from the preparers of such reports that permit the City to rely on such reports, and such letters must be in form and substance reasonably acceptable to the City Manager. The closing of the conveyance of the City Site is conditioned upon: (i) the Title Company irrevocably committing in writing to issue a CLTA owner’s policy of title insurance in an amount equivalent to the Fair Market Value of the property to be determined by an appraisal by a reputable Appraiser to be selected by the City in its sole discretion insuring City as owner of the City Site subject only to the Permitted Exceptions; (ii) Developer and City agreeing upon (and executing and recording against the City Site and Project) an REA/CC&R document which reasonably integrates and coordinates access, landscaping, utilities and the like for both the City Site (and possible development thereon) and the Project; (iii) Developer’s completion, and City’s inspection and approval/acceptance, of the City Site Improvements (defined below); however, Developer shall not be obligated to install/construct the City Site Improvements until “Final Approval” has occurred. For the purposes of this Agreement, “Final Approval” means when all of the following have occurred: (i) the City shall have approved the Project Approval and this Agreement; and (ii) the time periods for filing any appeal Ordinance No. 502 Page 31 374 11134.00039/1248307v2 from or legal challenge to the Project Approvals and this Agreement shall have expired without an appeal or legal challenge (including, without limitation, any CEQA challenge) having been filed; or, if an appeal or other legal challenge shall have been filed, all such appeals or legal challenges shall have been subsequently terminated with the approval of the Project Approvals and this Agreement upheld, and the time period(s) for filing any appeal(s) from the upheld decision(s) shall have expired without further appeals having been filed. Except for model homes, City shall not be obligated to provide final inspection approval for vertical construction of residential units to Developer until the City Site Improvements shall have been substantially completed and the Developer shall have offered to convey the City Site to the City. The term “City Site Improvements” means the following: (1)Rough graded lot to “blue top” condition in accordance with the grading plans to be obtained for the City Site, and such improvements shall be certified by a civil engineer licensed in good standing in California with respect to elevation with an elevation tolerance to one-tenth (.1) foot accuracy vertically, with all utilities to be constructed and stubbed to (but not within) the boundary of the City Site as provided in the City-approved Improvement Plans, including sewer service, water service, electrical service, CATV, telephone, gas and storm drain connections if applicable. Delivery of lot will include certifications prepared by the licensed Civil engineer of record certifying that the lots were rough graded in accordance with the approved rough grading plans (to the tolerance as described above) and by the Geotechnical engineer of record with respect to the relative compaction. (2)Detention basins included in the City Site shall be designed in accordance with the Building Codes and shall be consistent with City’s engineering design criteria for storm drain inlet/outlet piping and Ventura County Watershed detention basin hydraulic design standards. (3)The passive park will be delivered per approved landscape and improvement plans as reviewed and approved by the City Engineer. (4)Grading shall incorporate all requirements from a geotechnical soils report including seismic and potential liquefaction issues so that no over-excavation of the City Site will be needed when one or more buildings are constructed Ordinance No. 502 Page 32 375 12853-0079\2530518v8.doc on the City Site for the planned multi-family residential project; (5) All City Site Improvements shall be in compliance with all City standards and policies and workmanlike manner to the satisfaction of the City Engineer and Community Development Director (6) Developer will assign to City all warranties, indemnities and insurance policies obtained by Developer from all contractors performing construction activities at the City Site on behalf of Developer. In addition, Developer shall defend, indemnify and hold City harmless from and against all claims, liabilities, losses, damages, costs and expenses based upon any negligent or intentional act or omission of Developer, its officers, agents, employees, subcontractors and independent contractors, for property damage, bodily injury, or death, to the extent relating to or connected with the Property or to the extent arising from the activities contemplated under this Development Agreement, save and except claims for damages arising through the gross negligence or willful misconduct of City. The closing of the conveyance of the City Site shall be accomplished by: (i) the City delivering to the Title Company a Certificate of Acceptance, executed by the City Manager and acknowledged (for the Developer’s grant deed) together with a Preliminary Change of Ownership Report executed by the City Manager; and (ii) the Developer delivering to the Title Company a grant deed for the City Site duly executed and acknowledged. Each party may deliver recording instructions to the Title Company consistent with this Agreement in order to effectuate the closing of the conveyance of the City Site to the City. Assessments (if any) for the City Site shall be prorated as of the date of closing. Property taxes shall not be prorated because the City is exempt from property taxes; Developer shall pay the property taxes for the six - month property tax billing period in which closing occurs, a nd City will cooperate in good faith with Developer in connection with Developer’s claim for a refund of property taxes paid by Developer which are allocable to the City’s period of ownership. 6.16 Notification of Planned Affordable Housing Site. Prior to issuance of the first building permit for a residential dwelling unit in the Project, Developer shall post two (2) signs on the City Site to inform the general public and potential buyers of the Completed Units in the Project that the City Site as a multi-family residential project for low and very low income households is planned. The locations, size, material and wording of the signs shall be Ordinance No. 502 Page 33 376 11134.00039/1248307v2 approved by the City Attorney and Community Development Director. Developer shall maintain the signs in good condition until thirty (30) days after the sale of the last Completed Unit of the Project. The City will become responsible for the signs thereafter. 6.17 Annual Review Procedures. Developer agrees to comply with Section 15.40.150 of the Moorpark Municipal Code and any provision 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 approved EIR and MMRP. The date for Developer’s submittal of Developer’s application for an annual review, and/or the deadline for City’s annual review of this Agreement, may be extended by mutual agreement of the Parties. Failure of City to perform the annual review shall not affect the validity or enforceability of this Agreement. City shall deliver to Developer by electronic mail a copy of all staff reports and documents to be used or relied upon in conducting the annual review and, to the extent practical, related exhibits concerning Developer’s performance hereunder, at least ten (10) days prior to any such annual review by the City Council. Developer shall be permitted during the annual review to respond orally or by a written statement, or both, to City’s evaluation of Developer’s performance. The annual review shall be limited in scope to substantial compliance with the terms of this Agreement. 6.18 Eminent Domain. If Developer is not successful in acquiring by negotiated agreement the subject property interests needed for the off-site improvements, Developer may request in writing that the City acquire said subject property interests by eminent domain in accordance with Government Code Section 66462.5 . In such case, City and Developer will enter into an agreement pursuant to Government Code Section 66462.5 that sets forth the obligations of Developer to pay for all acquisition-related costs, including but not limited to, the just compensation for the subject property interests, attorneys’ fees, appraisal fees, engineering fees, costs for preliminary title reports and related title documents, City staff costs, and all out of pocket costs in connection with said acquisitions. The Parties agree and acknowledge that the City will comply with the Relocation Assistance Act, Government Code Sections 7260 et seq., and the Eminent Domain Law (Code of Civil Procedure Section 1230.010 et seq.), and their implementing regulations (“Public Land Acquisition Statutes”), in acquiring the subject property interests. The Parties recognize that City cannot exercise its power of eminent domain until the City has satisfied all legally required preconditions under the Public Land Acquisition Statutes, including the adoption of a Resolution of Necessity by the City Council in accordance with applicable law. The City Council has the sole and exclusive discretion to determine whether to adopt Resolution(s) of Necessity after the required notices and hearing. If the City Council, in its sole discretion, adopts any such Ordinance No. 502 Page 34 377 12853-0079\2530518v8.doc Resolution(s) of Necessity, the City Council will exercise exclusive control of the acquisitions and any eminent domain proceedings. This provision is neither a commitment nor an announcement of an intent by the City to acquire any or all of the subject property interests needed for the off-site improvements. If the City fails or refuses to acquire the respective off-site property interests as provided above, the provisions of Govt. Code Sec. 66462.5(b) shall apply but only with respect to the portion of the property that is not acquired and not to the entirety of any infrastructure or facility. 6.19 Subdivision Improvement Agreement. Prior to the submittal of an application for any subdivision, or any other development project or entitlement application, Developer shall submit and gain approval from City Council a Subdivision Improvement Agreement (SIA) to guarantee the Developer agreements contained in this Agreement and in the conditions of approval for the VTTM and RPD. The SIA shall address the entities responsible and method and timing of guarantee for each component of Developer’s obligations and is subject to City approval at its sole discretion. 6.20 Fee Protest Waiver. Developer agrees that any fees and payments pursuant to this Agreement and for the Project 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 6.4, 6.6, 6.7, 6.8 and 6.9 of this Agreement are not public improvement fees collected pursuant to Government Code Section 66006 and statutes amendatory or supplementary thereto. 6.21 CPI Indexes. In the event the “CPI” referred to in Subsections 6.4, 6.6, 6.7, 6.8 and 6.9 is discontinued or revised, a successor index with which the “CPI” is replaced shall be used in order to obtain substantially the same result as would otherwise have been obtained if the “CPI” Index had not been discontinued or revised. 6.22 City Ability to Modify. Developer acknowledges the City’s ability to modify the development standards and to change the General Plan designation and zoning of the Property upon the termination or expiration of this Agreement (if the Project has not been built), and Developer hereby waives any rights they might otherwise have to seek judicial review of such City actions to change the development standards, General Plan designation and zoning to those development standards and density of permitted development to that in existence prior to the approval of GPA No. 2020-__ and ZC No. 2019-__. 6.23 Homeowners Association. Prior to recordation of the first final map for the Property, Developer may form one or more property owner associations to Ordinance No. 502 Page 35 378 11134.00039/1248307v2 assume ownership and maintenance of private recreation, private streets, parking lots, landscape areas, flood control and NPDES facilities and other amenities within the Project. The obligation of said Homeowners Associations shall be more specifically defined in the conditions of approval of the first tentative tract or parcel map for the property. 6.24 Public Street Right-of-Ways. Within twelve (12) months after the date of issuance of the first grading permit issued with respect to the Project , Developer shall provide City an irrevocable offer of dedication for each of the public street rights-of-way, at no cost to City, for the future public streets within the Property, as conceptually shown in Exhibit H (the “Public Street Right-of-Ways”). 7.City Agreements. 7.1 Commitment of Resources. At Developer’s expense, City shall commit reasonable time and resources of City staff to work with Developer on the processing of applications for Project Approvals and all Subsequent Approvals and Building Permits for the Project area and if requested in writing by Developer shall use overtime and independent contractors whenever possible. 7.2 Easement and Fee Title Acquisitions. If requested in writing by Developer and limited to City’s legal authority, City at its sole and absolu te 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 15% on all out-of-pocket costs. 7.3 Concurrent Entitlement Processing. City agrees that whenever possible as determined by City in its sole discretion to process concurrently all land use entitlements for the Project so long as the application for such entitlements are “deemed complete” in compliance with the requireme nts of Chapter 4.5 Review and approval of Development Projects (Permit Streamlining Act) of the California Government Code. 7.4 Park Fees. City agrees that the Park Fee required under Subsection 6.8 of this Agreement meets all of Developer’s obligations under applicable law for park land dedication. Ordinance No. 502 Page 36 379 12853-0079\2530518v8.doc 7.5 Reimbursements from other Developments. 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 tract map, development permit or development agreement with one or more other developers and at City’s discretion may include provisions requiring such reimbursement to Developer for the same in such other development project conditions of approval. 7.6 Early Grading Agreement. The City Manager is authorized to sign an early grading agreement on behalf of the City to allow Developer to commence rough grading of the Project prior to City Council approval of a final subdivision map. Said early grading agreement shall be consistent with the conditions of the Project TTM 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; construction of on-site and off-site improvements consistent with the City Council approved Project and the TTM. In the case of failure to comply with the terms and conditions of the early g rading agreement, the City Council may by resolution declare the surety forfeited. 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 15.40.150 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 written 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; (f)damage to work in progress by reason of fire, flood, earthquake or other Ordinance No. 502 Page 37 380 11134.00039/1248307v2 casualty; (g) failure, delay or inability of City or other local government entity 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; (h) delay caused by a delay by other third party entities which are required to approve plans or documents for Developer to construct the Project, or restrictions imposed or mandate d by such other third party entities or governmental entities other than City, (including but not limited to, Ventura County Watershed Protection District); (i) litigation brought by a third party attacking the validity of this Agreement, a Project Approva l, a Subsequent Approval or any other action necessary for development of the Project; (j) government-mandated “shelter in place”, “lockdown”, “stay home” or similar orders and/or quarantines required by governmental authorities having jurisdiction over the Property that restrict the ability of the City or Developer to perform its respective obligations under this Agreement. 11. Default Provisions. 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 within five (5) business days after City gives written notice to Developer that the same is due and payable; or (c) breaches any of the other provisions of this Agreement and fails to cure the same within thirty (30) days after City gives written notice to Developer of such breach (or, if the breach is not able to be cured within such thirty (30) day period, Developer fails to start to cure the same within thirty (30) days after delivery of written notice by City of such breach or fails to thereafter diligently prosecute the cure to completion). 11.2 Default by City. City shall be in breach of this Agreement if it breaches any of the provisions of this Agreement and fails to cure the breach within thirty (30) days after Developer gives written notice to City of the breach (or, if the breach is not able to be cured within such thirty (30) day period, City fails to start to cure the same within thirty (30) days after delivery of Ordinance No. 502 Page 38 381 12853-0079\2530518v8.doc written notice from Developer of such breach or fails to thereafter diligently prosecute the cure to completion). 11.3 Content of Notice of Violation. Every notice of breach shall state with specificity that it is given pursuant to this section of this Agreement, the nature of the alleged breach, and the manner in which the breach may be satisfactorily cured. Every notice shall state the applicable period to cure. The notices shall be given 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 of 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 this Agreement shall be limited to the remedies expressly set forth in this subsection. The remedies for breach of the Agreement by the City shall be injunctive relief and/or specific performance. Developer shall not be entitled to monetary damages or consequential damages for the City’s breach. In addition, in the event this Agreement is terminated by City pursuant to the provisions of Chapter 15.40 of the Moorpark Municipal Code, and such termination is found invalid or unenforceable by a court of competent jurisdiction, Developer shall not be entitled to monetary damages for the termination or consequential damages incurred that are the result of the termination. In addition, and notwithstanding any other provision of this Agreement, if the breach is to Subsection 6.13, 6.14 or 6.24, City shall have the right to withhold the issuance of building permits 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 Developer if it violates any City ordinance or State statute. 12. Mortgage Protection. 12.1 Discretion to Encumber. The Parties hereto agree that this Agreement, including without limitation Section 3.3 above, shall not prevent or limit Developer, in any manner, at Developer’s sole discretion, from encumbering the Property or any portion thereof or any improvements thereon then owned by such person with any mortgage, deed of trust or other security device (“Mortgage”) securing financing with respect to the Property or such portion. Any mortgagee or trust deed beneficiary of the Ordinance No. 502 Page 39 382 11134.00039/1248307v2 Property or any portion thereof or any improvements thereon and its successors and assigns (“Mortgagee”) shall be entitled to the following rights and privileges. 12.2 Lender Requested Modification/Interpretation. City acknowledges that the lenders providing financing to Developer for the Property may request certain interpretations and modifications of this Agreement. City therefore agrees upon request, from time to time, to meet with Developer and representatives of such lenders to discuss in good faith any such request for interpretation or modification. The City will not unreasonably withhold its consent to any such requested interpretation or modification provided such interpretation or modification is consistent with the intent and purposes of this Agreement, provided, further, that any modifications of this Agreement shall be subject to the provisions of this Agreement pertaining to modifications and amendments. 12.3 Mortgage Protection. This Agreement shall be superior and senior to the lien of any Mortgage. Notwithstanding the foregoing, no breach of this Agreement shall defeat, render invalid, diminish or impair the lien of any binding and effective against the Mortgagee and every owner of the Property, or part thereof, whose title thereto is acquired by foreclosure, trustee sale or otherwise; provided, however, Mortgagee and such owner shall not be responsible for any matters that occurred prior to their acquisition of the Property or such portion. Notwithstanding any term or provision in this Agreement to the contrary, including without limitation Section 3.3 above, no Mortgagee shall be obligated under this Agreement to construct or complete improvements or to guarantee such construction or completion, but shall otherwise be bound by all of the terms and conditions of this Agreement which pertain to the Project site or such portion thereof in which it holds an interest. 12.4 Written Notice of Default. If a non-monetary default is not cured by Developer within thirty (30) days after written notice by City to Developer or a monetary default is not cured with in five (5) days after written notice by City to Developer, then each Mortgagee shall be entitled to received written notice from City of the applicable default by Developer under this Agreement provided the Mortgagee has delivered a written request to the City for such notice and shall have provided its address for notices in writing to the City. Each such Mortgagee shall have a further right, but not the obligation, to cure such default for an additional period of thirty (30) days after delivery of such notice of default by City to the Mortgagee, or to commence to cure or remedy such default to the extent not subject to full cure within such time period and to proceed diligently thereafter to cure, provided that such full cure occurs no later than one hundred twenty (120) days after delivery of such notice of default by City to the Mortgagee. City shall not commence legal action against Developer by Ordinance No. 502 Page 40 383 12853-0079\2530518v8.doc reason of Developer’s breach without allowing the Mortgagee to cure the same as specified herein. 13.Estoppel Certificate. At any time and from time to time, Developer or Mortgagee 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 or Developer is not in breach of this Agreement, or if in breach, a description of each such breach. The Party receiving such a request shall execute and return the certificate within ten (10)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 consent or approval herein to be given by the City may be given by the City Manager provided it is expressed and is in writing. 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 thirty (30) days after the affected Developer receives written 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 or Subsequent Approvals 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 and does not alter the permitted uses, density, intensity, maximum height, size of buildings or reservations and dedications as contained in the Project Approvals or Subsequent Approvals. 16.Developer 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 from, Developer’s performance pursuant to this Agreement, including, but not limited Ordinance No. 502 Page 41 384 11134.00039/1248307v2 to, Developer’s construction of the Project, Developer’s construction of improvements on the City’s Site, and any injury sustained by any person in connection with the construction or partial construction of buildings and improvements on the Property or to the extent arising from the activities contemplated under this Development Agreement, save and except claims for damages arising through the gross negligence or willful misconduct of City. 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, the environmental documents prepared and approved in connection with the approval of the Project, 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. 18.Operative Date. As described in Subsection 1.9 above, this Agreement shall become operative on the Operative Date, being 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 the Operative Date or until one year after the issuance of the final building permit for occupancy of the last unit of the Project (the “Final Building Permit”), whichever occurs first, unless said term (the “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 or Building Permit or Final Building Permit that has been granted or any right or obligation arising independently from such Project Approval or Subsequent Approval or Building Permit or Final Building Permit. Upon expiration of the Term or earlier termination of this Agreement, th e 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. Notwithstanding the foregoing, the following shall survive the expiration or earlier termination of this Agreement: (i) all obligations arising under this Agreement prior to the expiration or earlier termination of this Agreement; and (ii) Section 16of this Agreement. 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 Ordinance No. 502 Page 42 385 12853-0079\2530518v8.doc certified, postage prepaid, return receipt requested, to the Parties at the addresses set forth in Exhibit “F” 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 this 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 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 15.40.140 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 Ordinance No. 502 Page 43 386 11134.00039/1248307v2 found to be in conflict with any provision of the Purchase and Sale Agreement, the Project Approvals or the Subsequent Approvals, the provision of this Agreement 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. 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. 33. Authority to Execute. Developer warrants and represents that to its knowledge as of the Operative Date and with respect to each entity that is defined as Developer: (i) it is duly organized and existing; (ii) it is duly authorized to execute and deliver this Agreement; (iii) by so executing this Agreement, Developer is formally bound to the provisions of this Agreement; (iv) Developer’s entering into and performance of its obligations set forth in this Agreement do not violate any provision of any other agreement to which Developer is bound; and (v) there is no existing or threatened litigation or legal proceeding of which Developer is aware that could prevent Developer from entering into or performing its obligations set forth in this Agreement. IN WITNESS WHEREOF, the Parties have executed this Development Agreement effective as of the Operative Date. CITY OF MOORPARK Janice S. Parvin, Mayor ATTEST: Ky Spangler, City Clerk Ordinance No. 502 Page 44 387 12853-0079\2530518v8.doc RWC HITCH RANCH, LLC, a California limited liability company By: Robert Comstock, RWC Hitch Ranch, Authorized signer Ordinance No. 502 Page 45 388 11134.00039/1248307v2 12853-0079\2530518v12 EXHIBIT “A” LEGAL DESCRIPTION Ordinance No. 502 Page 46 389 11134.00039/1248307v2 12853-0079\2530518v12 EXHIBIT “B” REGIONAL ROADS EXHIBIT Ordinance No. 502 Page 47 390 12853-0079\2530518v8.doc EXHIBIT “C” ARROYO VISTA PARK IMPROVEMENT LOCATION Ordinance No. 502 Page 48 391 11134.00039/1248307v2 EXHIBIT “D” ROADWAY, PARK, AND LANDSCAPE MAINTENANCE AREA LOCATIONS Ordinance No. 502 Page 49 392 12853-0079\2530518v8.doc EXHIBIT “E” CITY SITE LOCATION Ordinance No. 502 Page 50 393 11134.00039/1248307v2 EXHIBIT “F” ADDRESSES OF PARTIES To City: City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Attn: City Manager To Developer: RWC Hitch Ranch, LLC 2301 Rosecrans Ave., Ste 1150 El Segundo, CA 90245 Attn: Robert Comstock/Nicholas Long Ordinance No. 502 Page 51 394 11134.00039/1248307v2 12853-0079\2530518v12 EXHIBIT “G” RESERVED Ordinance No. 502 Page 52 395 12853-0079\2530518v8.doc EXHIBIT “H” PUBLIC STREET RIGHT-OF-WAYS LOCATION Ordinance No. 502 Page 53 396 11134.00039/1248307v2 12853-0079\2530518v12 SCHEDULE 6.14(h) AFFORDABLE HOUSING UNITS MINIMUM REQUIREMENTS One-bedroom Affordable Housing Units shall include one bedroom and one bath, shall include at least 450 square feet of living space, and shall be no more than 45% of the total number of Affordable Housing Units. Two bedroom Affordable Housing Units shall include two bedrooms and one bath, shall include at least 700 square feet of living space, and shall be no less than 25% of the total number of Affordable Housing Units. Three-bedroom Affordable Housing Units shall include three bedrooms and two baths, shall include at least 900 square feet of living space, and shall be no less than 25% of the total number of Affordable Housing Units. The foregoing requirements are subject to the requirements of any governmental agency to which the project is subject to approval, however Ordinance No. 502 Page 54 397