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HomeMy WebLinkAboutAGENDA REPORT 2024 0117 CCSA REG ITEM 10HCITY OF MOORPARK, CALIFORNIA City Council Meeting of January 17, 2024 ACTION APPROVED STAFF RECOMMENDATIONS. BY A. Hurtado. H. Consider Agreements with the State of California, Department of Transportation (Caltrans), and Moorpark Casey Road, L.P. for the Maintenance of Landscape, Irrigation, and Other Improvements within the State’s Right-of-Way on Walnut Canyon Road; and Making a Determination of Exemption Under the California Environmental Quality Act in Connection Therewith. Staff Recommendation: 1) Approve Landscape Maintenance Agreement with the State of California, Department of Transportation, for Landscape Maintenance Operations within the State’s Right-of-Way on Walnut Canyon Road, subject to final language approval of the City Manager and City Attorney; and 2) Approve Agreement with Moorpark Casey Road, L.P., for Landscape Maintenance Operations within the State’s Right- of-Way on Walnut Canyon Road, subject to final language approval of the City Manager and City Attorney. (Staff: Jeremy Laurentowski, Park and Recreation Director) Item: 10.H. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Jeremy Laurentowski, Parks and Recreation Director DATE: 01/17/2024 Regular Meeting SUBJECT: Consider Agreements with the State of California, Department of Transportation (Caltrans), and Moorpark Casey Road, L.P. for the Maintenance of Landscape, Irrigation, and Other Improvements within the State’s Right-of-Way on Walnut Canyon Road; and Making a Determination of Exemption Under the California Environmental Quality Act in Connection Therewith BACKGROUND In 2018, the City Council directed staff to initiate the creation of Community Facilities Districts (CFDs), rather than Lighting and Landscaping Districts for the maintenance of all public improvements associated with future development projects. A CFD is a special tax district provided for in State law that funds public improvements and on-going services within an identified area. The Mello-Roos Community Facilities District Act of 1982 authorizes local governments to create CFDs for the purpose of selling tax exempt bonds to fund public improvements and collect revenues to pay for public improvements. Also authorized is the collection of revenue to fund services and maintenance associated with the new development (a CFD by utilizing Government Code 53311-53368.3 for maintenance of facilities and services). Requirements of creating a CFD include several procedural actions, such as an application, petition, Resolution of Intention including Rate and Method of Apportionment and Boundary Map, Resolution of Formation, property owner election, Public Hearing, and recordation of Notice of Special Tax. In order to move forward with the creation of future CFDs, in 2023 staff solicited the services from qualified consulting firms and the City Council ultimately authorized staff to enter into agreements with Willdan Financial Services (Willdan) and Jones Hall. Additionally in 2023, a developer for a new development project, Danco Communities on behalf of Moorpark Casey Road, L.P. (Danco), requested the creation of a CFD to fund the public improvements associated with their development project, Vendra Gardens. The creation of the CFD is a requirement of the Development Agreement for Vendra Gardens and requires Danco to pay for, cooperate in the formation of, and assist the City in establishing the CFD. Item: 10.H. 36 Honorable City Council 1/17/2024 Regular Meeting Page 2 DISCUSSION The procedural documents associated with the formation of the Vendra Gardens CFD are currently being prepared by Willdan and Jones Hall. Staff anticipates that the formation of the CFD will be completed in the summer of 2024. The Vendra Gardens CFD contemplates the inclusion of maintenance of improvements within the State of California, Department of Transportation (Caltrans) right-of-way on Walnut Canyon Road, as well as the median islands on Casey Road. Additionally, the CFD areas will include the storm water quality basins, drainage improvements, an emergency access road for the project, slope landscaping, retaining walls, and sidewalk on the City-owned parcel located to the south of the Vendra Gardens property, on the north side of the future High Street extension. On September 13, 2023, Danco submitted plans to Caltrans and requested an Encroachment Permit to install improvements within the State’s right-of-way (right-of- way). The improvements include a portion of the median island and striping on Casey Road that extends into the right-of-way on Walnut Canyon Road, and a sidewalk, landscaping, and the realignment of a storm drain on Walnut Canyon Road. Danco’s request was not approved by Caltrans due to a variety of plan revisions, as well as the requirement for a Landscape Maintenance Agreement (LMA) to be executed by the City. Several years ago, Caltrans determined that they will not allow private businesses, organizations, or individuals to maintain improvements within the right-of-way. It is anticipated that the formation of the Vendra Gardens CFD will be completed this year. However, there could potentially be an eighteen to twenty-four month gap between the time the CFD is formed and the time that the CFD is ultimately funded. This is due to the fact that the maintenance costs associated with the CFD are levied through property taxes. The County Auditor enters on the County assessment roll the levy for each parcel or property that has been established to cover these costs. The assessments are collected at the same time and in the same manner as County taxes are collected and all laws providing for the collection and enforcement of County taxes apply to the collection and enforcement of the assessments. After collection by the County, the net amount of the assessments are paid to the City. Additionally, a provision of the City’s Landscape Design Guidelines and Standards (Resolution No. 2012-3096), requires a one-year maintenance period for all City maintained areas in order to ensure the survivability of the plant material and to validate the quality of installation of all improvements within the CFD, such as irrigation and lighting systems, storm water basins, and drainage improvements. Because of this potential funding gap, there is a possibility that the improvements on Walnut Canyon Road could be completed before there is funding available to cover the maintenance costs for the improvements. Since the City is obligated under the LMA for the maintenance of the improvements, and due to the fact that there is the potential that the CFD will not be funded by the time the improvements are completed, staff is recommending a separate agreement with Danco related to the reimbursement of the maintenance costs for the improvements within the right-of-way until the CFD is fully funded and accepted by the City. 37 Honorable City Council 1/17/2024 Regular Meeting Page 3 ENVIRONMENTAL DETERMINATION The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment or is otherwise not considered a project as defined by CEQA Statute §21065 and CEQA State Guidelines §15060(c)(3) and §15378. The creation of a CFD, and associated maintenance agreements, meet the above criteria and are not subject to CEQA. No additional environmental review is required. FISCAL IMPACT There is no fiscal impact to the City. All associated costs will be paid by the developer. COUNCIL GOAL COMPLIANCE This action does not support a current strategic directive. STAFF RECOMMENDATION 1. Approve Landscape Maintenance Agreement with the State of California, Department of Transportation, for Landscape Maintenance Operations within the State’s Right-of-Way on Walnut Canyon Road, subject to final language approval of the City Manager and City Attorney; and 2. Approve Agreement with Moorpark Casey Road, L.P., for Landscape Maintenance Operations within the State’s Right-of-Way on Walnut Canyon Road, subject to final language approval of the City Manager and City Attorney. Attachment 1: Landscape Maintenance Agreement between the State of California, Department of Transportation and City of Moorpark Attachment 2: Agreement between City of Moorpark and Moorpark Casey Road, L.P. 38 09/28/2023 VEN-23 P.M. 13.57/13.61 1 LANDSCAPE MAINTENANCE AGREEMENT WITH THE CITY OF MOORPARK THIS AGREEMENT is made effective this ______ day of ____________, 20__, by and between the State of California, acting by and through the Department of Transportation, hereinafter referred to as “STATE” and the CITY of Moorpark; hereinafter referred to as “CITY” and collectively referred to as “PARTIES”. 1.The PARTIES hereto mutually desire to identify the maintenance responsibilities of CITY for newly constructed or revised improvements within STATE’s right of way by Permit Number 07-23-6-CD-1999. 2.This Agreement addresses CITY responsibility for the concrete, irrigation, and planting (collectively the “LANDSCAPING”) placed within State Highway right of way on State Route 23, as shown on Exhibit “A”, attached to and made a part of this Agreement. 3.Maintenance responsibilities that include, but are not limited to, inspection, providing emergency repair, replacement, and maintenance, (collectively hereinafter “MAINTAIN/MAINTENANCE”) of LANDSCAPING as shown on said Exhibit “A”. 4.The degree or extent of maintenance work to be performed, and the standards, therefore, shall be in accordance with the provisions of Section 27 of the Streets and Highways Code and the then current edition of the State Maintenance Manual. 5.When a planned future improvement is constructed and/or a minor revision has been affected with STATE’s consent or initiation within the limits of the STATE’s right of way herein described which affects PARTIES’ division of maintenance responsibility as described herein, PARTIES will agree upon and execute a new dated and revised Exhibit “A” which will be made a part hereof and will thereafter supersede the attached original Exhibit “A” to thereafter become a part of this Agreement. 5.1. The new exhibit can be executed only upon written consent of the PARTIES hereto acting by and through their authorized representatives. 6.CITY agrees, at CITY expense, to do the following: 6.1. CITY may install, or contract, authorizing a licensed contractor with appropriate class of license in the State of California, to install and thereafter will MAINTAIN LANDSCAPING conforming to those plans and specifications (PS&E) pre-approved by STATE. ATTACHMENT 1 39 09/28/2023 VEN-23 P.M. 13.57/13.61 2 6.2. CITY will submit the final form of the PS&E, prepared, stamped and signed by a licensed landscape architect, for LANDSCAPING to STATE’s District Permit Engineer for review and approval and will obtain and have in place a valid necessary encroachment permit prior to the start of any work within STATE’S right of way. All proposed LANDSCAPING must meet STATE’s applicable standards. 6.2.1. CITY contractors will be required to obtain an Encroachment Permit prior to the start of any work within STATE’s right of way. 6.2.2. An Encroachment Permit rider may be required for any changes to the scope of work allowed by this Agreement prior to the start of any work within STATE's right of way. 6.3. CITY shall ensure that LANDSCAPED areas designated on Exhibit “A” are provided with adequate scheduled routine MAINTENANCE necessary to MAINTAIN a neat and attractive appearance including providing for water, and fertilizer necessary to sustain healthy plant growth during the entire life of this Agreement, including the following: 6.3.1. To prune shrubs, tree plantings, and trees to control extraneous growth and ensure STATE standard lines of sight to signs and corner sight distances are always maintained for the safety of the public. 6.3.2. To replace unhealthy or dead plantings when observed or within 30 days when notified in writing by STATE that plant replacement is required. 6.3.3. To expeditiously MAINTAIN, replace, repair or remove from service any LANDSCAPING system component that has become unsafe or unsightly. 6.4. To MAINTAIN, repair and operate the irrigation systems in a manner that prevents water from flooding or spraying onto STATE highway, spraying parked and moving automobiles, spraying pedestrians on public sidewalks/bike paths, or leaving surface water that becomes a hazard to vehicular or pedestrian/bicyclist travel. 6.5. To control weeds at a level acceptable to the STATE. Any weed control performed by chemical weed sprays (herbicides) shall comply with all laws, rules, and regulations established by the California Department of Food and Agriculture. All chemical spray operations shall be reported quarterly (Form LA17) to the STATE to: District 07 Maintenance at 100 S. Main Street, Los Angeles. CA 90012. 40 09/28/2023 VEN-23 P.M. 13.57/13.61 3 6.6. CITY shall ensure LANDSCAPING within the Agreement limits provide an acceptable walking and riding surface, and will provide for the repair and removal of dirt, debris, graffiti, weeds, and any deleterious item or material on or about the LANDSCAPING in an expeditious manner. 6.7. To MAINTAIN all parking or use restrictions signs encompassed within the area of the LANDSCAPING. 6.8. To remove LANDSCAPING and appurtenances and restore STATE owned areas to a safe and attractive condition acceptable to STATE in the event this Agreement is terminated as set forth herein. 7. STATE may provide CITY with timely written notice of unsatisfactory conditions that require correction by the CITY. However, the non-receipt of notice does not excuse CITY from maintenance responsibilities assumed under this Agreement. 8. STATE shall Issue encroachment permits to CITY at no cost to them. 9. LEGAL RELATIONS AND RESPONSIBILITIES: 9.1. Nothing within the provisions of this Agreement is intended to create duties or obligations to or rights in third parties not party to this Agreement, or affect the legal liability of either PARTY to this Agreement by imposing any standard of care respecting the design, construction and maintenance of these STATE highway improvements or CITY facilities different from the standard of care imposed by law. 9.2. If during the term of this Agreement, CITY should cease to MAINTAIN the LANDSCAPING to the satisfaction of STATE as provided by this Agreement, STATE may either undertake to perform that MAINTENANCE on behalf of CITY at CITY’s expense or direct CITY to remove or itself remove LANDSCAPING at CITY’s sole expense and restore STATE’s right of way to its prior or a safe operable condition. CITY hereby agrees to pay said STATE expenses, within thirty (30) days of receipt of billing by STATE. However, prior to STATE performing any MAINTENANCE or removing LANDSCAPING, STATE will provide written notice to CITY to cure the default and CITY will have thirty (30) days within which to affect that cure. 9.3. Neither CITY nor any officer or employee thereof is responsible for any injury, damage or liability occurring by reason of anything done or omitted to be done by STATE under or in connection with any work, authority or jurisdiction arising under this Agreement. It is understood and agreed that STATE shall fully defend, indemnify and save harmless CITY and all of its officers and 41 09/28/2023 VEN-23 P.M. 13.57/13.61 4 employees from all claims, suits or actions of every name, kind and description brought forth under, including, but not limited to, tortious, contractual, inverse condemnation and other theories or assertions of liability occurring by reason of anything done or omitted to be done by STATE under this Agreement with the exception of those actions of STATE necessary to cure a noticed default on the part of CITY. 9.4. Neither STATE nor any officer or employee thereof is responsible for any injury, damage or liability occurring by reason of anything done or omitted to be done by CITY under or in connection with any work, authority or jurisdiction arising under this Agreement. It is understood and agreed that CITY shall fully defend, indemnify and save harmless STATE and all of its officers and employees from all claims, suits or actions of every name, kind and description brought forth under, including, but not limited to, tortious, contractual, inverse condemnation or other theories or assertions of liability occurring by reason of anything done or omitted to be done by CITY under this Agreement. 9.5. PREVAILING WAGES: 9.5.1. Labor Code Compliance- If the work performed under this Agreement is done under contract and falls within the Labor Code section 1720(a)(1) definition of a "public works" in that it is construction, alteration, demolition, installation, or repair; or maintenance work under Labor Code section 1771. CITY must conform to the provisions of Labor Code sections 1720 through 1815, and all applicable provisions of California Code of Regulations found in Title 8, Chapter 8, Subchapter 3, Articles 1- 7. CITY agrees to include prevailing wage requirements in its contracts for public works. Work performed by CITY'S own forces is exempt from the Labor Code's Prevailing Wage requirements. 9.5.2. Requirements in Subcontracts - CITY shall require its contractors to include prevailing wage requirements in all subcontracts when the work to be performed by the subcontractor under this Agreement is a "public works" as defined in Labor Code Section 1720(a)(1) and Labor Code Section 1771. Subcontracts shall include all prevailing wage requirements set forth in CITY's contracts. 10. INSURANCE - CITY and its contractors shall maintain in force, during the term of this AGREEMENT, a policy of general liability insurance, including coverage of bodily injury liability and property damage liability, naming the STATE, its officers, agents and employees as the additional insured in an amount of $1 million per occurrence and $2 million in aggregate and $5 million in excess. Coverage shall be evidenced by a certificate of insurance in a form satisfactory to the STATE that shall be delivered to the STATE with a signed copy of this Agreement. 42 09/28/2023 VEN-23 P.M. 13.57/13.61 5 10.1. SELF-INSURED - CITY is self-insured. CITY agrees to deliver evidence of self- insured coverage providing general liability insurance, coverage of bodily injury liability and property damage liability, naming STATE, its officers, agents and employees as the additional insured in an amount of $1 million per occurrence and $2 million in aggregate and $5 million in excess. Coverage shall be evidenced by a certification of self-insurance letter (“Letter of Self- Insurance”), satisfactory to STATE, certifying that CITY meets the coverage requirements of this section. This Letter of Self-Insurance shall also identify the project location as depicted in EXHIBIT A. CITY shall deliver to STATE the Letter of Self-Insurance with a signed copy of this AGREEMENT. A copy of the executed Letter of Self-Insurance shall be attached hereto and incorporate as Exhibit B. 10.2. SELF-INSURED using Contractor - If the work performed under this AGREEMENT is done by CITY ‘s contractor(s), CITY shall require its contractor(s) to maintain in force, during the term of this AGREEMENT, a policy of general liability insurance, including coverage of bodily injury liability and property damage liability, naming STATE, its officers, agents and employees as the additional insured in an amount of $1 million per occurrence and $2 million in aggregate and $5 million in excess. Coverage shall be evidenced by a certificate of insurance in a form satisfactory to the STATE that shall be delivered to the STATE with a signed copy of this Agreement. 11. TERMINATION - This Agreement may be terminated by timely mutual written consent by PARTIES, and CITY’s failure to comply with the provisions of this Agreement may be grounds for a Notice of Termination by STATE. 12. TERM OF AGREEMENT -This Agreement shall become effective on the date first shown on its face sheet and shall remain in full force and effect until amended or terminated at any time upon mutual consent of the PARTIES or until terminated by STATE for cause. PARTIES are empowered by Streets and Highways Code Section 114 & 130 to enter into this Agreement and have delegated to the undersigned the authority to execute this Agreement on behalf of the respective agencies and covenants to have followed all the necessary legal requirements to validly execute this Agreement. 43 09/28/2023 VEN-23 P.M. 13.57/13.61 6 IN WITNESS WHEREOF, the PARTIES hereto have set their hands and seals the day and year first above written. THE CITY OF MOORPARK STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION By: __________________________ Mayor/Chairmen TONY TAVARES Director of Transportation Initiated and Approved By: ___________________________ City Manager By: ___________________________ GODSON OKEREKE Deputy District Director Division of Maintenance District 07 ATTEST: By: __________________________ City Clerk By: __________________________ City Attorney 44 EXHIBIT A 1 (Plan map identifying the applicable STATE Routes, CITY road(s), and facilities) 45 AS AS AS AS AS AS AS AS AS CASEY ROAD 1 1 EASEMENT LEGEND: 1 W A L N U T C A N Y O N R O A D CASEY ROAD Sheet 1 of 1 PREPARED BY: 87 N. Raymond Ave., Ste 300 Pasadena, CA 91103 Office: 626-486-2555 Fax: 626-486-2556 Southland Civil Engineering & Survey, LLP Proj. No. EXHIBIT A - LANDSCAPE MAINTENANCE AGREEMENT WITH THE CITY OF MOORPARK 8570-22010 46 -1- 12853-0092\2907668v2.doc AGREEMENT BETWEEN MOORPARK CASEY ROAD, L.P. AND THE CITY OF MOORPARK FOR THE ADVANCEMENT OF FUNDS FOR THE MAINTENANCE OF LANDSCAPING, IRRIGATION, AND OTHER IMPROVEMENTS WITHIN THE BOUNDARIES OF THE RIGHT OF WAY ALONG WALNUT CANYON ROAD IN CONNECTION WITH THE VENDRA GARDENS PROJECT This Agreement (“Agreement”) is entered into between Moorpark Casey Road, L.P., a California limited partnership (“Developer”), and the City of Moorpark, a California municipal corporation (“City”). Developer and City are referred to jointly below as “Parties.” The Agreement is effective on the date it is fully executed by the Parties (“Effective Date”). In consideration of the Recitals below, the mutual covenants set forth in this Agreement, and for the further consideration described in this Agreement, the Parties agree as follows: 1. Recitals. The Parties hereto acknowledge and agree that this Agreement is made with respect to the following facts and purposes that each agrees to be true and correct. A. Developer has obtained approval for development of the Vendra Gardens Project, a 200-unit apartment complex and associated site improvements on approximately 11.66 acres (“Project”) on that certain real property of Developer generally located at 150 Casey Road in the City of Moorpark (“Subject Property”). B. The Project approvals include General Plan Amendment No. 2004-05, Residential Planned Development Permit No. 2012-02, Development Agreement No. 2012-03, four amendments to the Development Agreement and other ancillary approvals and agreements for the development of the Project. C. The Project abuts Casey Road on the north and Walnut Canyon Road (State Route 23) on the east, and, as a condition of Project approval, the Developer is required to install landscaping within the Project site and around its perimeter, including within the right of way along Casey Road and Walnut Canyon Road. D. Pursuant to Section 6.13 of the Development Agreement, the Developer has agreed to pay for, cooperate in the formation of, and assist the City in establishing, a Community Facilities District (“CFD”) by which the cost to maintain certain identified portions of the landscaping, irrigation and improvements within and adjacent to the Subject Property (the “CFD Improvements”) will be paid for out of assessment revenues. E. A portion of the CFD Improvements will be located in the public right of way along the westerly portion of Walnut Canyon Road (State Route 23) and which is owned and controlled by Caltrans. F. The improvements to be installed and contained within the boundaries of the CFD that will be within the Caltrans right of way include: (i) the landscaping and irrigation that will be installed in the parkway and strip of land on the south side of Casey Road near the intersection of Walnut Canyon Road and landscaping and irrigation that ATTACHMENT 2 47 -2- 12853-0092\2907668v2.doc will be installed in a median island within the portion of Casey Road that projects into the public right of way on the westerly side of Walnut Canyon Road; and (ii) a sidewalk, landscaping, irrigation and the realignment of a storm drain along the westerly side of Walnut Canyon Road. These planned improvements constitute the “Caltrans Improvements.” The Caltrans Improvements are a subset of, and are part of, the CFD Improvements. G. The City will be entering into a Landscape Maintenance Agreement (“LMA”) with Caltrans by which the City will be granted the right to have a City-contracted landscape contractor enter onto and maintain landscape, irrigation, sidewalk and storm drain improvements in Caltrans right of way along portions of Casey Road and Walnut Canyon Road that lie within State Route 23 right of way. H. Pursuant to the terms of the LMA, a landscape contractor or contractors under contract with the City must maintain the Caltrans Improvements within the Caltrans right of way rather than a contractor under contract to Developer. I. Once Developer installs all the Caltrans Improvements, and the City accepts them into the CFD and takes over the maintenance of those improvements pursuant to the LMA, there will be a lag time between the date of acceptance of those Caltrans Improvements and the date that the CFD is fully funded through collected assessments to thereafter pay for the maintenance costs of the Caltrans Improvements. In anticipation of that lag or gap time (hereinafter the “Funding Gap Period”), the City needs sufficient funds from Developer to pay for the City’s contracted landscaping maintenance costs attributable to maintaining the Caltrans Improvements during the Funding Gap Period. J. With respect to all other CFD Improvements, other than the Caltrans Improvements, the City will require Developer to continue to maintain those CFD Improvements during a one-year warranty period after City acceptance of those improvements into the CFD pursuant to City policy as provided in City Council Resolution No. 2012-3096. K. This Agreement is intended to provide the terms by which Developer will deposit and, as necessary, supplement and replenish, sufficient funds to pay for the anticipated landscaping, irrigation and other improvement maintenance costs for the Caltrans Improvements during the Funding Gap Period. 2. Developer Installation of Caltrans Improvements. A. Developer, or Developer’s contracted landscaping contractor, shall install all Caltrans Improvements in accordance with all required plans and specifications approved by the City. B. Upon Developer’s completion of the installation of the Caltrans Improvements, City shall inspect and accept those Caltrans Improvements once they have been determined by the City to be complete, installed in accordance with the approved plans, and are determined by the City to be in good condition. 48 -3- 12853-0092\2907668v2.doc C. Upon the City’s acceptance of the Caltrans Improvements, the City’s contracted landscape contractor shall commence regular and appropriate maintenance services for the Caltrans Improvements. 3. Developer Responsible for All Costs of Maintenance during Funding Gap Period. A. Developer is solely responsible for all City-contracted maintenance costs of the Caltrans Improvements during the Funding Gap Period. By way of clarification and not as a limitation on Developer’s responsibility during the Funding Gap Period, Developer shall be responsible for the City’s incurred cost of maintenance of the Caltrans Improvements for no less than one-year (the equivalent of the one-year warranty period required by City Council Resolution No. 2012-3096) in order to ensure survivability of the plant material and to validate the quality of the installation of all improvements. B. After City’s acceptance of the Developer-installed Caltrans Improvements, City shall maintain those improvements using funds deposited with City by Developer for that purpose pursuant to Section 4 of this Agreement. 4. Deposit of Funds for Maintenance Costs. A. Concurrently with the execution of this Agreement by City, Developer will deliver to City the sum of $15,000 (Fifteen Thousand Dollars). City agrees to deposit said sum in a separate City account (“Separate Fund”) and to use the principal sum, and any interest earned thereon, in furtherance of satisfying the costs of the maintenance of the Caltrans Improvements during the Funding Gap Period. B. City will, on a quarterly basis, or as often as City deems necessary, provide Developer with an accounting of disbursements from the Separate Fund established pursuant to Subsection A, above. In the event disbursements reduce the balance of the fund to $5,000 (Five Thousand Dollars) or less, Developer shall, within five business days following a written request of City, deliver to City such additional monies as are necessary to maintain the balance in the separate fund at $15,000. 5. End of Developer’s Funding Obligation under this Agreement and Return of Remaining Funds Held in Separate Fund. A. Developer’s obligations under Sections 2 through 4 of this Agreement will expire and Developer shall have no further obligations to directly pay the City for the maintenance costs of the Caltrans Improvements during the Funding Gap Period upon the happening of the last to occur of the following events: (i) the completion of all legally required steps to form the CFD and to place required assessments on the tax roll; (ii) the end of the one-year warranty period after acceptance by the City of the Caltrans Improvements; (iii) the completion of all CFD Improvements and end of the one-year warranty period and acceptance of said improvements; and (iv) the date that City provides notice to Developer that sufficient assessment revenues have been received by the City through the County tax collector to thereafter pay all upcoming future maintenance 49 -4- 12853-0092\2907668v2.doc expenses of the Caltrans Improvements (the “Notice of Sufficient Assessment Revenues”). B. City shall provide Developer with the Notice of Sufficient Assessment Revenues, as provided in Subsection A above, within 30 days of the date that the City has received proceeds of CFD Assessments equal to 100% of the estimated cost to maintain all CFD Improvements, including the Caltrans Improvements, for an upcoming fiscal year. C. Within 30 days after the City has provided Developer with the Notice of Sufficient Assessment Revenues, City shall return any funds remaining in the Separate Fund that are not already obligated to be paid for Caltrans maintenance costs during the Funding Gap Period. 6. Miscellaneous. A. Notices. All notices and demands will be given in writing by certified or registered mail, postage prepaid, and return receipt requested, or by overnight carrier. Notices will be considered given upon the earlier of (a) two business days following deposit in the United States mail, postage prepaid, certified or registered, return receipt requested, or (b) one business day following deposit with an overnight carrier service. The Parties will address such notices as provided below or as may be amended by written notice: City: CITY OF MOORPARK 799 Moorpark Avenue Moorpark, California 93021 Attention: City Clerk Developer: Moorpark Casey Road, L.P. 5251 Ericson Way Arcata, California 95521 Attention: Chris Dart B. Further Cooperation. Each party to this Agreement agrees to cooperate by performing any further acts and by executing and delivering any and all additional monies, items, or documents which may be reasonably necessary to carry out the terms and provisions of this Agreement, and each party to this Agreement agrees that it will not act in any manner whatsoever which would hinder, impede, interfere or prohibit or make more onerous or difficult the performance of the other party hereto under this Agreement. C. Amendments. Any amendments to this Agreement will be effective only by a writing executed by the Parties to this Agreement. D. Governing Law. This Agreement is deemed to have been prepared by each of the Parties hereto, and any uncertainty or ambiguity herein will not be interpreted against the drafter, but rather, if such uncertainty or ambiguity exists, will be interpreted according to the applicable rules of interpretation of contracts under the laws of the State 50 -5- 12853-0092\2907668v2.doc of California, and not the substantive law of another state or the United States or federal common law. This Agreement will be deemed to have been executed and delivered within the State of California, and the rights and obligations of the Parties will be governed by, and construed and enforced in accordance with, the laws of the State of California. E. Entire Agreement. This Agreement contains the entire agreement between the City and Developer regarding the subject matter of this Agreement. F. Successors and Assigns. This Agreement will be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of the Parties hereto. G. Counterparts, Facsimile and Electronic Signatures. This Agreement may be executed in whole or in counterparts, which together will constitute the entire Agreement. Facsimile or electronic signatures/counterparts to this Agreement will be effective as if the original signed counterpart were delivered. H. Legal Representation. Each of the Parties acknowledge that in connection with the negotiation and execution of this Agreement, they have each been represented by independent counsel of their own choosing and the Parties executed this Agreement after review by such independent counsel, or, if they were not so represented, said non- representation is and was the voluntary, intelligent and informed decision and election of any of the Parties not so represented. The Parties further acknowledge that, prior to executing this Agreement, each of the Parties has had an adequate opportunity to conduct an independent investigation of all the facts and circumstances with respect to the matters that are the subject of said Agreement. I. Attorneys’ Fees. If either of the Parties hereto incurs attorneys’ fees in order to enforce, defend or interpret any of the terms, provisions or conditions of this Agreement or because of a breach of this Agreement by the other party, the prevailing party, whether by suit, negotiation, arbitration or settlement will be entitled to recover reasonable attorneys’ fees from the other party. J. Severability. If any part, term or provision of this Agreement is held by a court of competent jurisdiction to be illegal or in conflict with any law, the validity of the remaining provisions will not be affected, and the rights and obligations of the Parties will be construed and enforced as if this Agreement did not contain the particular part, term or provision held to be invalid. K. No Agency or Joint Venture. The terms and provisions of this Agreement will not cause the Parties hereto or any of each Parties’ agents, consultants, contractors or other providers of professional services to be construed in any manner whatsoever as partners, joint venturers or agents of each other in the performance of their respective duties and obligations under this Agreement, or subject either party to this Agreement to any obligation, loss, charge or expense of the other party to this Agreement. L. Time of Essence. Time is expressly made of the essence of each and every provision of this Agreement. 51 -6- 12853-0092\2907668v2.doc M. Remedies. No remedy or election hereunder will be deemed to be exclusive but will, wherever possible, be cumulative with all other remedies at or in equity. N. Venue. Venue for any action arising directly or indirectly under this Agreement will be in the Superior Court of Ventura County, California. [SIGNATURES ON NEXT PAGE] 52 -7- 12853-0092\2907668v2.doc IN WITNESS WHEREOF, the Parties hereof have executed and entered into this Agreement as of the date set forth below. DEVELOPER: MOORPARK CASEY ROAD, L.P. a California limited partnership By: Moorpark Casey Road, LLC, a California limited liability company, its Administrative General Partner By: Danco Communities, a California corporation, Its Manager By: ______________________ Daniel Johnson President By: Community Revitalization and Development Corporation, a California nonprofit public benefit corporation, its Managing General Partner By: _____________________ David Rutledge President CITY: CITY OF MOORPARK, a municipal corporation By: Chris R. Enegren, Mayor ATTEST: Ky Spangler, City Clerk APPROVED AS TO FORM: By: Kevin G. Ennis, City Attorney 53 -8- 12853-0092\2907668v2.doc A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California ) County of Ventura ) On _________________________, before me, , (insert name and title of the officer) Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 54