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Home My WebLink AboutAGENDA REPORT 1992 0916 CC REG ITEM 11A Ili,;78(z) /P N Cqt • f'p% ��y ITEM (Do _ ..........__ �� ` MOORPARK I/./�, 9i. % , , , `tea 799 Moorpark Avenue Moorpark, California 93021 (805) a o� 529 6864 S ,w aTEp �V*- :.•::)ORPARK, CALPFOPNIA MEMORANDUM Ci;y Council Mrol ng cf 199 r i _404124:1- TO: The Honorable City Council 'Cm FROM: Kenneth C. Gilbert, Director of Public Works , Cy DATE: September 2, 1992 (Council Meeting 9-2-92) SUBJECT: Consider Approval of a Revised Agreement with G. H. Palmer Associates OVERVIEW This presents an Agreement between the City and a developer intended to clarify the financial obligations of each with respect to the design and construction of pedestrian/equestrian bridge across the Arroyo Simi at Liberty Bell Road to serve the Arroyo Vista Community Park. DISCUSSION A. Background One of the Conditions of Approval of PD-1010 required the developer to construct the subject pedestrian bridge. This obligation was further clarified in a Settlement Agreement dated May 1987 . B. Agreement The City is in receipt of a request (Exhibit 1) from the developer's representative to further clarify the mutual obligations associated with this matter, through the execution of an Agreement (Exhibit 2) . 1'.DORPARK, CAUFO. :'A City Cou II Meeting o, / `` 199 Z / I, ,q. , ACT1ON:13904ared qh b FIA/4014.1i4W+°' PAUL VV.LAWRASON JR. JOHN E.WOZNIAK SCOTT MONTGOMERY BERNARDO M.PEREZ ROY E.TALLEY JR. Mayor Mayor Pro Tern Councilmember Councilmember Councilmember Printed On Recycled Paper Pedestrian Bridge Page 2 The terms of the Agreement are summarized as follows: Developer shall. . . • make an immediate payment of one-half of the estimated costs as determined at this time; and, • make a future payment(s) of one-half of any future additional costs incurred by the City for this project. City shall. . . • assume the responsibility for proceeding with the design, right-of-way acquisition and construction of the project. RECOMMENDED ACTION Approve the attached Agreement. rpt\pedbrg • • tX1}IgIPT l Cohen, England & Whitfield (I. OL 3) THEODORE J. ENGLAND ATTORNEYS AT LAW ANSON M. WHITFIELD ROBERT W. SCHROEDER SIXTH FLOOR, UNION BANK TOWER SOUTHERN CALIFORNIA TOLL FREE DAVID W. TREDWAY ROBERT A. MCSO RL EY 300 ESPLANADE DRIVE 18001 255-3485 ROBERT B. ENGLAND OXNARD, CALIFORNIA 93030 FAX 18051 983-0297 STUART A. COMIS MITCHEL B. KAHN (805) 485-9627 MARK A. NELSON THOUSAND OAKS OFFICE ERIC J. KANANEN (605) 647-0237 ROLLING OAKS OFFICE CENTER MARY E. SCHROEDER RAN GALL A. COHEN 351 ROLLING OAKS DRIVE WILLIAM J. KESATIE SUITE 101 MARYANNE G. DALTON July 20, 1992 THOUSAND OAKS, CALIFORNIA 91360 OSCAR C. GONZALEZ STEVEN K. PERRIN JEFFREY T. MOERER STANLEY E. COHEN MELISSA E. COHEN or COUNSEL TERRY R. BAILEY ANDREW S. HUGHES 7201-001 MADISON M. CHRISTIAN KURT E. KANANEN RONALD A. CHER ANTHONY C. BIEDUL i Mr. Steve Kueny City Manager City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 0 Re: PD-1010 (Palmer) Dear Steve: I was apprised on Friday, July 17, 1992, that if G. H. Palmer Associates provided to the City an agreement for com- pensating the City for Palmer's share of the pedestrian/ equestrian bridge, whether or not the agreement was in final form, you would authorize the City's effort in the refinancing of the Moorpark Le Club apartments to proceed forward. Please find enclosed draft agreement that leaves the ultimate dollar cost blank as you requested and incorporates within it the $50, 000. 00 liability of Palmetto the City re- lating to the street overlay bond that was accidently exoner- ated. If you have any questions or concerns, please feel free to communicate with me. Very ruly, MI Ci EL B. KAHN MBK/aa YEN Enclosures ;P S' "Lr I I s^ 1 :+', 1:may ' P • cc: Mr. Geoff Palmer (W/Encl. ) :,;, <;;33 CITY OF MOORPARK OFFICE OF CITY MANAGER • RECE1 " 11L J 9 U "" Cohen, England & Whitfield( i•iti o1F �4a1 THEODORE J. ENGLAND ATTORNEYS AT LAW JXPI Rk v1�{1` 1 (20 3) ANSON M. WHITFIELD ROBERT W. SCHROEDER SIXTH FLOOR, UNION BANK TOWER SOUTHERN CALIFORNIA TOLL FREE DAVID W. TREDWAY ROBERT A. Mc50RLEY 300 ESPLANADE DRIVE (8001 255-3485 ROBERT B. ENGLAND OXNARD, CALIFORNIA 93030 FAX (805) 983-0297 STUART A, GOMIS MITCHEL B. KAHN (805) 485-9627 MARK A. NELSON THOUSAND OAKS OFFICE ERIC J. KANANEN 18051 647-8237 ROLLING OAKS OFFICE CENTER MARY E. SCHROEDER 351 ROLLING OAKS DRIVE RANDALL A. COHEN WILLIAM J. KESATIE SUITE 101 MARYANNE G. DALTON July 29, 1992 THOUSAND OAKS. CALIFORNIA 91360 OSCAR C. GONZALEZ STEVEN K. PERRIN JEFFREY T. MOERER STANLEY E. COHEN MELISSA E. COHEN of COUNSEL TERRY R. BAILEY ANDREW S. HUGHES 7201-001 MADISON M. CHRISTIAN KURT E. KANANEN RONALD A. CHER ANTHONY C. BIEDUL Mr. Ken Gilbert Public Works Director City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Dear Ken: Enclosed please find a revised version of the Imple- mentation and Release Agreement between the City of Moorpark and G.H. Palmer Associates (and Moorpark Le Club, Ltd. ) . You will note that I have broken paragraph 1 into two subparagraphs. The first subparagraph provides for immediate payment of $158, 500. 00 from the bond refinancing of the Moorpark Le Club apartments. The second subparagraph requires that Palmer pay to the City one-half of any additional costs to build the bridge represented by the Settlement Agreement and the VCE Civil Engineering design and construction estimate of June 26, 1992 . That subparagraph requires that the $300, 000. 00 surety bond posted to guarantee our performance under the Settlement Agreement shall serve to guarantee the additional payment provided for in this Agreement. The sub- paragraph also provides the City with the latitude to reduce or exonerate the bond, but places a one year outside limit by which time the bond shall be exonerated. The only other changes to the agreement that I am pro- posing is the opening clause to paragraph 4 to recognize the • contingent nature of the Agreement and adding the last four words to paragraph 5 which I simply omitted on the last draft by accident. ExH1d17 % ( 3 6I 3) Mr. Ken Gilbert July 29, 1992 Page 2 Of course, if you have any concerns, comments or re- quests for additional changes, please let me know as soon as possible. Very uly, MITCHEL B. KAHN MBK/aa Enclosure cc: Mr. Geoff Palmer Brett Reed, Esq. Mr. Steven Kueney, City Manager