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HomeMy WebLinkAboutAGENDA REPORT 1991 0306 CC REG ITEM 11FMOORPARK ITEM • City cAUFORNI,q PAUL W. LAWRASON JR. of Meefl-Q 1991 PoPP" ,t STEVEN KUENY Mayor 9i City Manager BERNARDO M. PEREZ ACTION: Mayor Pro Tern CHERYL J. KANE � o City Attorney SCOTT MONTGOMERY n D PATRICK RICHARDS, A.I.C.P. Councilmember Director of JOHN E. WOZNIAK o 4q 1" Community Development Councilmember rE° ''` JOHN F. KNIPE LILLIAN KELLERMAN City Clerk City Engineer JOHN V. GILLESPIE MEMORANDUM Chief of Police RICHARD T. HARE_ To: The Honorable City Council City Treasurer From: Patrick J. Richards, Director of Community Development Date: March 1, 1991 (City Council Meeting of 3 -6 -91) Subject: CONSIDER PROCESSING OF PROPOSED DEVELOPMENT AGREEMENT WITH THE WESTLAND COMPANY REGARDING THE DEVELOPMENT OF A 285 -UNIT RESIDENTIAL PROJECT ON THE SOUTH SIDE OF LOS ANGELES AVENUE BETWEEN LIBERTY BELL ROAD AND MAUREEN LANE BACKGROUND The Westland Development proposal is to provide 285 dwelling units, of which 110 are single family detached and 175 are multi - family. All dwellings are to be offered for sale as ownership units. Of the 285 units proposed 10 of the detached units and 90 of the attached units are set aside as affordable units. Pursuant to the present zoning of R -1 -13, the maximum number of allowed units on the property would be 118 dwelling units on the existing 35.37 acre parcel. This project consists of the following application requests; a General Plan Amendment, two (2) Tentative Tract maps, three (3) Residential Planned Developments and a Zone change. In conjunction with the processing of the various entitlement requests by the Westland Development Company, are agreements related to Affordable Housing and a Development Agreement. DISCUSSION The consideration and approval of any Development Agreement is regulated by Moorpark Ordinance No. 59 (see attachment). In accordance with section 9.64.040 Preliminary Review; no application for a Development Agreement shall be filed with the Director of Community Development unless the City Council has decided, after a preliminary review, to proceed with consideration of the proposal. This section goes on to explain that the Director must transmit a report and recommendation to the Council regarding whether or not the City should further consider the proposal. 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864 The Honorable City Council March 1, 1991 (CC meeting of 3/6/91) PROPOSED WESTLAND DEVELOPMENT AGREEMENT Page -2- Once the Council has determined that the application has merit for further consideration, it is returned to the Director for determining that the Development Agreement application is complete pursuant to Government Code Section 65940 et.seq. The Director then sets the matter to appear before the Planning Commission at a public hearing. The Commission is charged to give the Council a recommendation for approval, approval with modification, or denial of the agreement.Government Code Section 65940 et. Once the Council has determined that the application has merit for further consideration, it is returned to the Director for determining that the Development Agreement application is complete pursuant to the The Westland Company for the purpose of this proposed Development Agreement is identified as Saranac Ventures, Inc. This agreement contains a number of Articles which discuss various provisions of responsibility for each of the two parties. Article III lists the developers and City's responsibilities as follows: Developer a. Construction phasing - limits the development of only a specific number of market rate units until a certain number of the affordable units are constructed. b. Construction will begin time specific. Citv a. Approve all entitlement requests to include General Plan Amendment, Zone Change, two Tract maps and three Planned Development Permits. b. City grants the award of 191 development allotments. C. City locks in all development fees as of the date of approval. d. City agrees to expedite processing of all permits, plan reviews etc., after approval of the project. The City Attorney's office has given this agreement a preliminary review and only had a few suggested text changes. Although Staff has not given the proposed Development Agreement an in depth analysis; it is apparent that there is a weighted bias of benefits for the developer. The Honorable City Council March 1, 1991 (CC meeting of 3/6/91) PROPOSED WESTLAND DEVELOPMENT AGREEMENT Page -3- The purpose of this type of agreement is to provide a means by which the City and developer can agree to proposed plans of development. The agreement can assure the City that the project will be developed in a manner agreed to. There is however, a need for a balance of benefits in any such agreement. Typically such agreements include: a. Provisions for off -site public works improvements and Citywide infrastructure. The phasing and possible reimbursement of such improvements. b. Payments to various City funds or projects over and above typical development fees. C. Dedications beyond those required by subdivisions. d. Any other matters requested by the City and agreed to by the developer. Prior to sending this matter to a committee for further discussion and recommendation; Council may wish to identify specific matters needing further investigation and discussion. Limiting the major typical issues should help speed future discussions regarding this matter. Each party has much to gain in reaching a mutually agreeable Development Agreement. It should be noted that although the Westland Company has deposited funds regarding the review of it's affordable housing component; there are no specific funds on deposit towards any review of a Development Agreement. There is a need for the City to cover all it's processing costs. It is anticipated that -not only will City Staff be involved with any future agreement consideration, but both the City Engineer and City. Attorney's office will be involved. An additional deposit will be required of the Westland Company prior to any further consideration by the City. Currently this.project is scheduled to appear before the Planning Commission at their March 18, 1991 meeting. The Environmental Impact Report (EIR) is undergoing it's required 45 day review period (ends March 11, 1991). The Planning Commission has held one public hearing regarding the EIR for this project. Inasmuch as Ordinance No. 59 requires the Planning Commission to make their recommendation (s) regarding the proposed Development Agreement; there is some concern related to the fact that some physical aspects of the project may change because of the conclusions reached within the Development Agreement. Consideration should be given to allow this project to proceed to the Planning Commission, or hold based on the disposition of the final resolution of the Development Agreement. The Honorable City Council March 1, 1991 (CC meeting of 3/6/91) PROPOSED WESTLAND DEVELOPMENT AGREEMENT Page -4- Inasmuch as this project can assist the City in meeting some of it's housing goals there is some merit for further consideration. Also, the implementation of this project will involve various public works improvements which will benefit from a coordinated effort over time. Staff RECOMMENDATION 1. That the City Council find that the draft Development Agreement merits consideration for further review by the City. 2. at th City Council direct the Affordable Housin g Committee \' o meet with the proponent for a Development Agreement and the ouncil to consider the Committee's recommendation prior to the City Council sending the matter to the Planning Commission. Require a deposit of an additional deposit of S5� 000 at this time and additional funds as needed to allow cost recovery by the City. Attachment: Draft Development Agreement - SARANAC prcc3.6 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Moorpark 799 Moorpark Avenue Moorpark CA 93021 Attn: City Clerk Record for the Benefit of the City of Moorpark pursuant to Government Code Section 6301 (Space above this line for Recorder's use) RESIDENTIAL, DEVELOPMENT AGREEMENT BETWEEN , THE CITY OF MOORPARK AND SARANAC VENTURES, INC. RECEIVED AUG 1 0 199( City Of Moorpi THIS AGREEMENT ( "Agreement" 1990 b ) is executed this day of municipal corporation, hereinafterereferredltoOasM�ORPARK a referred to ES' INC., a California co oration y" and as Saranac" or "Developer". • hereinafter per _ ARTICLE I DEFINITIONS Section i. For purposes of this Agreement, except expressly provided or unless the context otherwise as °rerwise ree following terms shall be defined as set forth hereinbeliow:S' the Section 1.1 Affordable. "Affordable Housin " The term "Affordable" in the Affordable 9" Housing h shall have the same meaning r City Council on Agreement which was approved ro same defined 1990, by Council Resolution not Agreementlthough not incorporated herein, is a material the Affordable Housing Agreement as recited part of the consideration in Section 3.1 hereof. for this Section 1.2 Approval the date upon which t Date. The term "Approval Date" Agreement b he City Council approved this Development forth in Section 11-14 Ordinance No. pment 14 below. and said date is set Section 1,3 Citv. The term "CitYll Moorpark, a municipcorporation locatedmwith the City of Ventura, State of California, Rhin the County of 1 ;i �� /A ENT ,. Section 1.4 Council. The term "Council" means the Moorpark City Council. Section 1.5 Development. The term " Development" means the improvement of the Property for purposes of constructing the structures, improvements and facilities comprising the Project including, without limitation, clearing, demolition, grading, on and off -site infrastructure and public facilities and improvements relating to and in support of the Project. Section 1.6 Development Agreement Act. The term "Development Agreement Act" means Sections 65864 et secs. of the California Government Code. Section 1.7 Development Agreement Ordinance. The term "Development Agreement Ordinance" means Ordinance No. which became effective on establishing a procedure for the consideration and approval of development agreements within the City pursuant to the Development Agreement Act. Section 1.8 Development Fees. The term "Development Fees" means all City fees, charges and monetary and in lieu thereof exactions, assessments, dedications, mitigations, fees in connection with areas of contribution, and conditions imposed in connection with the review, approval and construction of the Project as referred to in accordance with Section 3.2.4 hereof and set forth in Exhibit "F" attached hereto. Section 1.9 Effective Date. The term "Effective Date" shall mean the date upon which this Agreement shall be deemed entered into between the parties hereto and becomes effective which shall be the thirtieth (30th) consecutive day after the Approval Date (defined in Section 1.2) and the Effective Date is set forth in Section 11.14 below. Section 1.10\ Existing. Approvals. The term "Existing Approvals!! -shall mean and collectively include all of the following development approvals, certifications, entitlements, Policies and findings applicable to the Property and Project that have been duly approved or adopted, as the case may be, by the City.[to be confirmed and completed]. (1) adequate and environmental On complete EIR No. consequences of the Project. 1990 the City Council certified as which considerRH th,, (2) The City General Plan designates the Pro ert which is the Amendment approved by the Council Ordinance No. P y result of a General Plan on 1990 by as result of Council The approvalyofsa Zoned Zone Chan e which is the 990, g by Ordinance No. on 1 (4) On 1990, the City Council a in accordance with the City Planning Commission recommendation subject to conditions, approved, Tentative Tract Map Nos. 4726 and 4738 (the "Tract Maps "). Attached hereto as Exhibits are City Council Resolutions Nos. ��A -1�� and "A -2" Tentative Tract Map Nos. 4726 and 4738andespecthic approve with the conditions of approval for each of said mays together Map Conditions,,). p (the Tract Planned Development pe 1990, the City Council approved )• Attached hereto as Exhibits and (the "PD are City Council Resolution Nos. �rB -1, "B -2n and "B -3" Planned Development Permit Nos. and together wi. and aPProving (the � the conditions of approval for each ofssaidively, "PD Permit Conditions,,). Permits Resolution No On 1990 the awarded 191 residential tdevelop e by allocations to the Market accordance �,i' Rate-component of the Project with the Residential Development Management System. A copy Of Resolution-No.. Ject in __ is attached hereto as Exhibit "C��, Section 1.11 General Plan mean the General Plan of the Cn. The term "General Plan" y of Moorpark. shall Section 1.12 Market "Market Rate Unit" Rate. The term "Market ,� shall mean the residential "Market, to or are not subject to any City regulation or control with Price, resale g units that return of investment to owner, respect to definition and are to be completel buyer/owner er Affordable Housing. y distin y Towner guished from the Section 1.13 include Owner's project. The term "Project" shall mean caner s proposed residential development to consist (a) one hundred and six and single - family detached (106) dwelling units of Market Rate °f: Affordable � residences; (b) ten 85 single zanily detached residences; dwelling units ( ) dwelling units of market ?? - ) of ninety (90 ate attached townhomes; and eighty-five condominiums,lWelling units of Affordable residential and (d) together with all. on and off -site improvements, facilities, handscape, landscape ,Ind off - connection t site mitigations in herewith. Section 1.14 certain real Property Property The term 'property„ means that which is set forth n ,'ned by Westland reference In Exhibit �� the legal description of incorporated attached hereto and b herein. y this 3 Section 1. 15 Residential Development- Management System. The term Residential Development Management System shall mean the City's adopted procedures for the issuance of residential building permits (commonly- referred to as Measure-F) adopted by- the Moorpark City Council on by Ordinance No. Section 1.16 Vested Elements. The term "Vested Elements" shall be as defined in Section 3.2.1 below. ARTICLE' II RECITALS OF AUTHORITY AND INTENT Section 2". Section 2.1- State-Legislative Objectives. In order to address state, regional and local housing needs and to facilitate and encourage private enterprise to plan, finance and construct residential development projects to house existing and projected residents of the state, the State Legislature adopted the Development -Agreement - -Act - wh-ich- °authorizes - -City to=enter into= binding development agreements establishing certain development rights in real property with persons having legal or equitable interests in such property. Section 65864 of the Development Agreement­Act expressly provides in pertinent part:. "The Legislature-finds and declares that: (a) The lack of = certainty - -in the approval of development projects can result in a -waste af-- resources, escalate the cost of housing and other development to the consumer, and discourage investment in and a commitment to comprehensive planning which would make maximum efficient,utilization- of resources at the least economic cost to the public. (b) Assurance to the applicant for a development project that upon approval of the project, the applicant may proceed with the project in accordance with existing Policies, rules and regulations, and subject to conditions of approval, will strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic cost of development." Section 2.2 City Objectives and Findings. The City has determined that the Project is a development for which a development agreement is appropriate. the Project Sectin ion Development of among other things, promote attainment of the goalsesetnforthlin the Housing Element of the City,s General Plan. this Development Agreement for the Project will assist fcity lin meeting long term local and regional housing needs and provide a greater number of Affordable Housing units than would otherwise be available. Section 2.2.2 General Plan Findin s. notice of its intention to adopt the Development Agreement, conducted public hearings thereon pursuant to Government Code Section 65867 and the Development Agreement Ordinance and has found that the provisions of this Development Agreement and its Purposes are consistent with the Existing Approvals and the goals, policies, general land use and standards specified in the City's General Plan. Section 2.2.3 Development Aq1r eement Act Findings. Development of the Project in accordance with this Development Agreement -will provide needed affordable housing, uncertainty in planning for and securing orderly development of the Project, insure attainment of the maximum efficient utilization of resources within city to its citizens and otherwise achieveathehgoalssandc Purpo urpoc cost which the Development Agreement Act was adopted. ses for and Section this4DevelopmenteAgr ePublic Interest. The terms extensive review by the City staff, the PlanninVeCommission undergone the City Council at publicly noticed meetings and Commission and to be fair, just and reasonable and in conformancehwithbthe found Existing Approvals and the General Plan and, Council finds that the interests of the Cit further Public health, safety the City this Agreement. y and welfare will be served lblzent and the y entering into Section 2.3 De�operrs Objectives. legislative findings set forth In accordance with Development Agreement Section 65864 of the the reasonable greement Act, Developer is desirous of obtaining the Project from from the City that Developer may develop and all parts thereof, in accordance with the Existing Approvals. could not accept In the absence of this Agreement, Existing A pt the risk and uncertainty of a change i°ethe °ber build the Approvals, In the Development Fees Affordable Housing as well as the Market �Rate Housing. For any number of foreseeable and unforeseeable reasons including without limitation, r.ew rules or regulations a by ordinance or by initiative or approved such as legislation referenda governing development, or increased developer regional planning regulation City Councils toper fees or changes in perspective by new could cause City to (i) halt the Project before total buildout, (ii) reduce the density of the Project, (iii) defer or delay completion of the Project, or (iv) change or add infrastructure requirements. Any one of such circumstances would likely, in the absence of this Agreement, cause the Project to become financially and /or functionally infeasible. Consequently, Developer cannot commit to or commence the project without this Agreement. ARTICLE III AGREII4ENT AND ASSURANCES Section 3. Section 3.1 Agreement and Assurances on the Part of Developer. With respect to the recitals of authority an4 intent set forth in Article II above, and as partial consideration for City entering into this Agreement, Developer agrees to execute the Affordable Housing Agreement and use. its best efforts, subject. to and in accordance with its own business judgment and in doing. so shall: consider market conditions and other relevant economic.factors - typical. - of such development -which effect - Developer's decision to commence the. Project or to continue construction. of the-Project in accordance with the terms and conditions of this. Agreement and the Existing Approvals. Section 3.1.1 _Construction Phasing; Housing Mix. Owner agrees to maintain, during each construction phase, at least the Market Rate\Affordable Housing mix ratios set forth below in subparagraphs (a) and (b) so that Affordable units will be built concurrent with Market Rate units as generally scheduled below and thereby provide assurance to City that the Affordable units will be built as covenanted when Market Rate units are built. (a) Single Familv Detached. At least one (1) Affordable Housing unit for and along with every twelve (12) Market Rate units. (b) Attached Townhomes and Condominiums. At least one (1) Affordable condominium unit for and along with every one (1) Market Rate townhome unit until all Market Rate units are constructed. The construction phases shall be in the order shown on the construction phasing plan attached hereto as Exhibit "E" and incorporated herein by this reference. However, it shall be within Developer's sole discretion when to commence construction and sell units in each phase. Section 3.2 Agreement and Assurances on the Part of City. In consideration of Developer obligating itself to carry out the covenants and conditions set forth in this Agreement, City agrees that Developer shall be permitted to carry out and complete the entire Project in accordance with the terms and conditions of this Agreement and the Existing Approvals. Section 3.2.1 Re lations Governin Develo went of the Pr --may. The permitted use of the Property, the density and intensity of use, maximum height, size and zoning ordinance development standards of the Project, reservation and dedication of land for public purposes, and the provision for public improvements, and other terms and conditions of Development applicable to the Property are set forth in: (1) The General Plan of the City as of the Effective Date; (2) The __ zone applicable to the Property; (3) The Existing Approvals defined in Section 1.10; (4) Tentative Tract Nos. 4726 and 4738 and the Tract Map Conditions, except as amended by this Development Agreement; (5) Planned Development Permit Nos. and the PD Permit Conditions and , except amended by this Development Agreement; as (6) Award of 191 development allotments for the Market Rate Units and the exemption of the Affordable Housing Units under the Residential Development Management System; and (7) All Development Fees in effect as of the Effective Date of this Agreement in accordance with Section 3.2.4 hereinb Exhibit—F" elow and - are hereby vested subject to the Agreement provisions of this Development (herein the "Vested Elements "). Section 3.2.2 Development Timing commence construction Developer shall Initial of the Project before the expiration of the Period (defined hereinbelow in Section 7.1) Development Agreement. of this If construction of the Project has not been commenced before expiration of the Initial Period, this Agreement shall automaticall which construction o Y lapse. The time period within the Existing A f the Project Project must be inaugurated pursuant to with the pprovals is waived and inapplicable in connection ect during the term of this Development Agreement. 7 No future modification of the City's Municipal Code, or any ordinance or regulation which limits the rate of development over time shall be applicable to the Project. Section 3.2.3 Rules, Regulations and Official Policies. (a) Development of the Project shall be subject to all standards in the General Plan, the zoning ordinances, the Moorpark Municipal Code, and other rules, regulations, ordinances and official policies applicable to such Development on the Approval Date of this Development Agreement except as otherwise provided for herein. Except as otherwise provided in this Section 3.2.3, to the extent any changes in the General Plan, the zoning ordinances, the Moorpark Municipal Code and other rules, ordinances, regulations and policies are in conflict with the Vested Elements, the Vested Elements shall prevail and the Project shall be vested under law and treated as though it were completed and occupied pursuant to the terms and conditions of this Development Agreement prior to the effective date of any such change. To the extent any provisions of future General Plans, zoning ordinances, the Moorpark Municipal Code or other rules, ordinances, regulations or official policies, adopted on a City -wide basis, are applicable to the Property or the Project and are not in conflict with the Vested Elements such General Plan, zoning ordinances, Moorpark Municipal Code or other rules, ordinances, regulations or official policies shall be effective. (b) City shall treat the Project as though it was completed and occupied pursuant to the terms and conditions of this Development Agreement assuring completion of the off -site improvements contemplated by the PD Permits and Tract Maps ap Ab e to the Property in the manner provided for by the Tap Conditions and PD Permit Conditions and City agrees. t - ill impose no further conditions or exactions upon the P.- nor the formulation.of areas of benefit, areas of C on, assessment districts, or impositions by means of. pi wner or tenant association assessments or dues. (c) If any governmental agency other than City PQ 'law or regulation (. "Law ") after the Approval Date of F =- tt.;greement which prevents or precludes compliance with one or nm OnE- of this Agreement then, immediately after en of any new Law, the parties shall meet and confer in g�th to determine the feasibility of any modification or suspension based on the effect such modification or suspension would have on the purposes and intent of this Agreement. In addition, Developer shall have the right to challenge, at no cost to the City, the new Law preventing compliance with the terms of this Agreement and, in the event such challenge is successful, this Agreement shall remain unmodified and in full force and effect. ON (d) Except as otherwise provided in Section 3.2.4 in connection with Development Fees, all applications for City approvals, permits and entitlements shall be subject to the development and processing fees, exactions, assessments which are in force and effect as of the Approval Date. and taxes of the Cit (e)- Codes, ordinances, regulations and policies y relating to construction (such r which'have pe standards or permits mits been as the Revised Uniform Building Code standards or adopted by and are applicable to City as a whole) shall a of the time of issuance of each applicable construction /building Permit exce t to PPlY as P the extent that such are in conflict with a Vested Element. In the case of conflict, the new codes, ordinances, regulations and policies shall a p construction to the same extent as would be ap to new case of substantial reconstruction of an existing structure. purposes and ' (f) This Development Agreement effects grants to Developer all development allotments and rights as are necessary to assure that the Project may be completed, without Bela statutes, ordinances, re, under City and other public agency but not regulations,. rules and policies limited to the County of Ventura 208 Water including Control Plan, he Quality land use plan, air greenbelt agreements, regional mar quality maintenance plan, an moratoria or other action such as Y development would or could delay r (such or referenda} that some other such Plan, Prohibit implementation of the Project or development thatpmay'beaoromaProgram governing land use or or Project insofar as such Mattersocanabei applicable to the Property compliance with applicable law, granted by the City in cause all development rights which lmayabe Developer intend op to Property in accordance with the Existing Approvals, to develop the use entitlements applicable to the Project, other land Agreement to be deemed vested in Develo Developer is Development Development in to the grn ev P P execution of this extent permitted by law.. Section 3.2.4 Development Feat charged b (a) All Development-Fees in effect y the City as of the Approval Date are set forth regularl.,' Exhibit "E ", attached hereto and b forth in herein. Should City Y this reference incorporated Fees existing y�ad'ust th.e amount of an F g as of the Approval Date as set yforth tinD Exhibit ent "F", Developer shall Development Fees , regardless of the actual amount or effect at required by the City regulation or ordinances effect Development f Payment, pay no more than the amount of in the cumulative required increase in the construpctioonlcosteindexapublishedy by the Engineering News Record "Index ") Should - Los Angeles Record (the the publishers <)f the Index discontinue the 9 publication or substantially alter the components of the Index or publish same less frequently, Developer and City shall adopt a substitute Index or procedure which most accurately reflects construction costs. (b) City shall not impose any new or additional Development Fees or other monetary exactions, conditions, assessments, private owner or tenant association assessments or dues, charges, area of contribution fees, dedications or mitigations upon the Project, including the establishment of new areas of benefit or contribution or increases in fees for existing areas of benefit or contribution, other than those specifically set forth in Exhibit "F" attached and referenced in Section 3.2.4(a). Section_3.2.5 City's Good Faith in Processing. City agrees that it will accept, process and review, in good faith, all applications for design review (if any), zone clearance, plan check, building permits or other entitlements for use of the Propertyr in accordance with the terms and spirit of this Development- Agreement.. The- City agrees that the scope of its review of. remaining or. supplementary applications for development approvals shall be confined to the issue of conformance to the terms and provisions of this.Development Agreement, including the Existing Approvals. City shall designate a member of the Planning Division to coordinate and assure the expeditious processing of the various applications, permits and reviews associated with the Project, including any modification to the Tract Map Conditions or PD Permit Conditions, and shall, at Developer's expense, obtain outside contractual services as necessary to- ensure- reasonably prompt processing of all applications, plans and approvals. ARTICLE IV y _ DEFAULT, REMEDIES, TERMINATION on. Remedies for Breach. City and Developer -q -- �"� - - - - -- _ acedge that the purpose of this Agreement is to carry out th -e i objectives and the Local, regional and statewide by developing the Project. Cizv and Developer agree thail_7�determine a sum of money ,jhich would adequately COMPQ- party for choices they have made which would fox-�t should the Project not be completed pursuant to and contemplated by this Agreement is not possible and that damages would not be an adequate remedy. Therefore, City and Developer agree that in the event of a breach of this Agreement the only remedies available to a party shall be: (1) specific performance, (2) suits fo d 1 be as suits for mandamus or specialc o wri~s, or(4)ncancellationlof, this Agreement. Except for attorney's fees and associated costs as set forth herein, monetary damages shall not be awarded to either lu party. All of these remedies shall,be cumulative and not exclusive of one another and the exercise of any one or more of these remedies shall not constitute a waiver or election with respect to any other available remedy. Section 4.2 Notice of Breach. Prior to the initiation of any action for relief specified in Section 4.1 above because of an alleged breach of this Agreement, the party claiming breach shall, within thirty (30) calendar days of the inception of the alleged breach, deliver to the other party a written "Notice of Breach ". The Notice of Breach shall specify the reasons for the allegation of breach with reasonable particularity and the actions necessary to cure said breach. If, in the determination of the so- called breaching party, such event does not constitute a breach of this Agreement, the so- called breaching party shall within thirty (30) days of receipt of the Notice of Breach, deliver to the so- called non - breach -ng party a "Notice of Non - Breach" which sets forth with reasonable particularity the - reasons that a breach has not occurred. If the breaching party commences actions to cure the breach within such thirty (30) day period and diligently prosecutes such cure to completion the breaching party shall not be deemed in default hereunder. Failure to respond to the Notice of Breach within the thirty (30) days shall be deemed admission of the breach. Section 4.3 Arbitration. if the matter in connection with any alleged breach is not resolved in writing within thirty (30) days of receipt of the Notice of Non - Breach provided for in Section 4.2, either party shall have the right to submit the matter to arbitration. Whenever any dispute arises between the parties hereto in connection with the Development Agreement and either party gives written notice (the "Notice ") to the other that such dispute shall be determined by arbitration, then within thirty (30) days after the giving of the Notice, both parties shall agree upon and hire one member of the panel. of Judicial Arbitration and Mediation Services, Inc. ( "Judge"). The Judge shall be a retired judge experienced with land use, zoning and real estate development matters. As soon as reasonably possible, but no later than forty (40) days after the Judge is selected, the Judge shall neet with the ,parties at a location reasonably acceptable to Developer, City and the Judge. The Judge shall determine the natter within ten (1o) days after such meeting. Each party shall pay one -half the casts and expenses of the Judge. If Judicial Arbitration and Mediation Services, Inc. ceases to exist, and either party gives written notice to the other that a dispute shall be determined by arbitration, then, unless agreed otherwise in writing by the parties, all arbitrations hereunder shall be governed by the then - current rules of the American Arbitration Association. Any determination by arbitration hereunder may be entered in any court having 11 jurisdiction. Within ten (10) days after delivery of such notice, each party shall select an arbitrator with at least five (5) years experience in land use, zoning and real estate development matters and advise the other party of its selection in writing. The two arbitrators so named shall meet promptly and seek to reach a conclusion as to the matter to be determined, and their decision, rendered in writing and delivered to the parties hereto, shall be final and binding on the parties. If said arbitrators shall fail to reach a decision within ten (10) days after the appointment of the second arbitrator, said arbitrator shall name a third arbitrator within the succeeding period of five (5) days. Said three (3) arbitrators thereafter shall meet promptly for consideration of the matter to be determined and the decision of any two (2) of said arbitrators rendered in writing and delivered to the parties hereto shall be final and binding upon the parties. If either party fails to appoint an arbitrator within the prescribed time, and /or if either party fails to appoint an arbitrator with the qualifications specified herein, and /or if any two (2) arbitrators are unable to agree upon the appointment of a third arbitrator within the prescribed time, then the Superior Court of Ventura County may, upon the request of any party, appoint such arbitrators, as the case may be, and the arbitrators as a group shall have the same power and authority to render a final and binding decision as where the appointments are made pursuant to the provisions of the preceding paragraph. All costs of any arbitration shall be borne by the party which does not prevail in that arbitra- =ion. All determinations by arbitration hereunder shall be binding upon Developer and City. Section 4.4 Applicable Law /Attorney's Fees. This Development Agreement shall be construed and enforced in accordance with the laws of the State of California should any legal action or arbitration be brought by either party because of breach of this Development Agreement or to enforce any provision of this Development Agreement. The prevailing party shall be entitled to reasonable attorney's fees (including reasonable in- house counsel fees of the City and Developer at . private rates prevailing in Ventura County) or arbitration costs and such other costs as may be found by the court or arbitrator. ARTICLE V CHANGES AND AMENDMENTS Section 5. Section 5.1 City Requirements Apply. The procedures and requirements of the City's Development Agreement Ordinance are incorporated herein. In addition to those prcz:edures and requirements, the following additional provisions shall apply. 12 Section 5.-1.1 Requirement for Writing. No modification, amendment or other change to this Agreement or any provision hereof shall be effective for any purpose unless specifically set forth in writing which refers expressly to this Agreement and is signed by a duly authorized representative of both parties or successors. Section 5.1.2 Annual. Review. The annual review required by California Government Code Section 65865.1 shall be conducted as provided herein. The City and Developer shall have a reasonable opportunity to assert matters which either party believes have not been undertaken in accordance with this Agreement,. to explain the basis for such assertion and receive from the-other party a justification of the other party's Position with respect to such matter. T either party concludes that the other party. has not complied in good faith with the terms of this Agreement, then such party shall deliver a, Notice of-Breach and the parties shall follow the procedure set Article IV for resolving a breach. forth in The annual review is subject to meeting the notice and hearing - requirements of Section 65867 of the Development Agreement Act. Section 5.1.3 Permitted Delays. In the event of changed conditions, changes in local, state or federal laws or regulations, inclement weather, delays due to strikes to obtain materials, civil commotion, fire, acts of God, orlother circumstances which substantially interfere with carrying out the Project, as the Project has been approved by way of the Existing Approvals, or with the ability of either party to perform its obligations under this Agreement the Parties good faith to modify such obligations ttoallowa the eprojectgton in proceed as planned to the extent practicable. Section 5.1.4 Develo went A reement Le islation. This Agreement has been entered into in reliance upon the provision Of the California statutes governing development agreements, s (Title 7, Division 1, Cha ter 4 seq.), as those provisions existed 2�5, Section 65864, et. Agreement. d at the Approval date of this No amendment or addition _cf those provisions which would materially effect the interpretation or enfor of this agreement shall be applicable to this Agreementeunlessysuch •amendment or addition is specifically required by the Legislature, or is mandated by a court permissive competent jurisdiction. If such amendment or change is mandatory) this Agreement shall. :art be ve (as`dpposed to by same the parties mutually agree in t,,r;ting '-o amend the Agreement to permit such applicability. ` ARTICLE-VI, EMINENT DOMAIN- POWERS Section 6. Section 6.1 Cooperation of City_ City agrees to cooperate with Developer in implementing all of the - conditions of the Existing Approvals and Vested - Elements, including but not limited to, the potential exercise of its-eminent domain powers in connection therewith provided that the City in its independent exercise of judgment following all applicable procedure has made the requisite findings properly supported by evidence that the use of -such power is necessary. In- addition, City shall cooperate with Developer in-its endeavors to obtain any other permits and approvals as may be required from other governmental or quasi - governmental agencies having jurisdiction over the Project (such as public utilities or utility districts) and shall, from time to time, at the request of Developer, attempt_ with due diligence-and-in good.-faith-to enter into binding agreements with any -such entity =_in -order to assure the availability -of such-permits and approvals, or services, at each stage-of the development of the Project. ARTICLE VII DURATION OF AGREEMENT Section 7. 7.1 Duration. The term of this Agreement shall commence upon the first day following the Effective Date and shall remain in effect for a term of five (5) years thereafter (the "Initial Period "), unless said term is terminated, modified or extended by circumstances set forth in this Agreement or by mutual consent of the parties hereto. The term-of this Agreement will be extended for thre�,i(3) additional years upon expiration of the Initial Period if *Developer has commenced construction of the P roject and is diligently prosecuting the work to complete the Project as reasonably determined by the City Council (the "Extension Period ")._. Following the expiration of the Initial Period or if applicable, the Extension Period, this Agreement shall be deemed terminated and of no further force and effect; provided, however, such termination shall not automatically affect an right from the Existing Approvals independent of this Agreement.arising L� ARTICLE VII TRANSFERS AND ASSIGNMENTS Section S. 8.1 8.1.1 Rights and interests conve hts and Interests A urtenant. benefit are yed and Provided herein for Deve'The errights to sell, assigPuanantransfethe Property. Developer interests and to delegate Y and all of P has the right obligations gate any and all of its rights and hereunder; provided, its duties and interests may not be transferred however, that such compliance w' r assigned except rights and with the following conditions t: in strict precedent: or assigned a) Said rights and interests geed only together with and as may be transferred and assignment of the portions of the Property of relate; and the transfer Y to which they Developer (b) Within fifteen (15) business enters into an agreement for any day transfer, Developer shall s after Y such assignment or assignment or transfer, notify City in writin assignment or ' the Portions of the grog Of such (for Purposes transfer is appurtenant; and the Property to which the of notice hereunder) name the correspondin ) of the transferee or address within such transferrer of residential units or assignee; and, which are gnee; assume any of Developer's assignee or transferee intends to , if the COPY of the obligations under this A intends assumption agreement to be signed b Agreement a y the parties. in this Agreement attempt to sign or transfer an 8 except s strict y right or shall be null and void and ri compliance interest with this Section no force and effect. assi �• 8.1.2 Sub'ect to Terms gnment or transfer of A reement, g Developer under this of any °t the rights llowing any the exercise Agreement ghts and interests of use and in accordance with the with the enjoyment of this Agreement foregoing, were idestland force and of "feet as if the assignee shall continue g or transferee transfer 8'1.3 Release of portions of Owner- pursuant to the obligations or all of the pro assignment from its under this Agreement prop and the rights and °r obligations Developer shall be such obligations this Agreement to the same extent written gate °ns are assumed b request Y the assignee extent as q b gnee or transferee. separate written release of s City shall furnish to Upon of �uCh obligations dui Developer a y executed, which 15 release or partial release shall be provided by City promptly upon the full satisfaction by Developer of the following conditions: Agreement; (a) Developer is not then in default under this (b) City has been furnished with a duly executed copy of the assumption agreement setting forth the obligations assumed by the assignee or transferee under this Agreement. 8_2 Termination of A eement With Respect to Individual Parcels Upon sale to Public. Notwithstanding this Agreement to the contra an Y provisions of to any lot which has been finally hsubdividednandhindividuallye as leased or sold to the purchaser or user thereof. Thereupbn, without the execution or recordation of any further document or instrument, such lot shall be released from and no longer subject to or burdened by the provisions of this Agreement; , to however, that the benefits of this Agreement shall c provided run as to any such lot until a ontinue building is constructed on such lot at which time this Agreement shall terminate as to such lot. ARTICLE IX MORTGAGEE PROTECTION; CERTAIN RIGHTS OF CURE Section 9. Section 9.1 Mortgacee Protection. superior and senior to any lien placed u onithegPromert shall be Portion thereof after the date of recording this Developmentany Agreement, including the lien of any deed of trust or mortgage ( "Mortgagee). Notwithstanding the foregoing, shall defeat, render invalid, diminish or impair thealien- eofoanv ,Mortgage made in good faith and for value, but all of the terms- and coneli,tions contained in this Agreement shall be binding and effective against any person or entity, g p °n trust beneficiary or mortgagee ("Mortgagee" including any deed of to the Property, or any porn ) who acquires title trustee's sale, deed -in -lieu enoreclosure,foreotherwise. .1•iortgagee shall, however, be released from obligations hereunder, if liability or any, upon transfer of the Property. Section 9.2. Mortgagee not - provisions n Section 9.1 above Obligated. Notwithstanding the obligation or duty under this Agreementtttogconstructhorecomplete any the construction of improvements, or to guarantee such construction or completion; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or 16 improvements provided for or authorized by this Agreement, or otherwise in accordance with the Existing Approvals. Section Notice of Mort Ugageetrequesting ae If City Notice of Default given Developer hereunder and specifying the address for service thereof, then City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by City that Developer has committed an event of default, and if City makes the determination of non - compliance hereunder, City shall likewise serve notice of such non - compliance on such Mortgagee concurrently with service thereon to Developer. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed or the areas of non - compliance s forth in the City's notice. , et ARTICLE x THIRD -PARTY LITIGATION Section lo. 10.1 General Plan Litigation. determinedlthatlthistAgreement is entabove, City has consist Plan and that the General Plan meets all of the legal with the General requirements of State law. Developer has reviewed the General Plan and-concurs with City's determination. The parties acknowledge that: legality, (a) in the future y, validity and adequacv or 01%. prevent the performance the Property. there may be challenges to the the General Plan; and successful, such challenges could delay or Of this agreement and the Development of the 10.1.2 General Plan of. General Plan. If f aslan or zny cart thereo_° s :e-eafte or any reason determined provided above to no- t� r judicially state or federal Constitutions =n compliance with the Agreement shall remain ir. full�� laws or regulations, this adoption or amendment of any General and effect and upon the necessary in order an provision which is laws or regulationsto comply with state or federal Constitutions, together with t' to cure such inval,dity or inadequacy, Approvals which y amendments to the Project or the Existing y be necessary :n order to comply with such new 1; or revised General Plan. The definition of General Plan stated in Section 1.11 hereof shall- thereafter mean and refer to such new or amended General Plan. 10.1.3 Suspension of Obligations. In the event that Development of the Property is enjoined or prevented from proceeding by any judicial order or determination in connection with the determinations regarding the General Plan referred to above, the time for performance -of the obligations of the parties hereunder and the term of this Agreement shall be reasonably extended to accommodate such.delay. 10.2 Opportunity to Intervene. Developer shall have. the right to intervene in any---third party litigation against City and City shall not object to such intervention by Developer. This right to intervene is granted based upon City's acknowledgement that Developer's interests will or can be adversely affected by said litigation. ARTICLE XI GENERAL PROVISIONS Section 11. Section 11_1 Project is Private Undertaking. It is specifically understood and agreed by the parties that the Development contemplated by this Development Agreement is a private development; that the City has no interest in or responsibility for or duty to third persons concerning any of said` improvements; that Developer shall have full power over and exclusive control of the Property herein described subject only to the limitations and obligations of the Developer under this Development Agreement and, with respect to the Affordable Housing, as prescribed in the Affordable Housing Agreement. Developer hereby agrees to and shall hold City harmless from anv iiabili�. for damage. or claims for damage for personal injury, including death, as well as from claims for property damage which may arise from the Developer's operations under this Agreement excepting suits and action brcught by the Developer for default of this Agreement or arising from the negligence of willful " misconduct of the City. Section 11.2 Notices Demands and Communications between the Parties. Formal written notices, demands, correspondence and communications between the City and the Developer shall be sufficiently given if dispatched by registered or certified mail, Postage pre -paid, return receipt requested to the offices of the City and the Developer indicated below. Such written notices, demands, correspondence and communications may be sent in the same manner to such persons and addresses as either party may from time -to -time designate by mail as provided in this Section. i i3 City: with Copy to: Developer: With Copy to: Notices delivered by Provided above shall the date of deposit. City Manager City of Moorpark 799 Moorpark Ave. Moorpark, CA 93021 Burke, Williams and Sorensen. 624 S. Grand Avenue, 11th Floor Los Angeles, CA 90017 Attn: City Attorney: City of Moorpark Saranac Ventures, Inc. 1694 Eastman, Suite B Ventura, CA 93006 Attn: Mr. Glenn Hartman Cohen, Alexander & Clayton Attn: Allen F. Camp One Boardwalk, Suite 102 Thousand Oaks, CA 91360 deposit in the United be deemed to have been States mail as served 72 hours after Section 11.3 No Joint Venture or Developer agree that 110in Partnershi Agreement or in any document executed in this City and Development Agreement shall Development in connection With this Developer joint venturers Or Partners. construed as partners. making City and Section 11.4 Severabilit . cif any 'Provision of this City and Developer agree +- the reM— Tinder of this Development Agreement g tha` and shall remain lopment :,greement shall held invalid, permitted b in full force and effect not be affectec Y law unless amended or to the maximum extent the parties. modified by mutual consent of Section 11.5 this Agreement Head — ings. Article and be used are for convenience only Section h.- ,adings in conditions interpreting or construing and are not intended of this A g the terms to Agreement. covenants or Section 11.6 shall be V=nue• City and Developer in Ventura County for an agree that venue for any arbitration. The venue for action filed court shall any ac�lon filed in court or District be the United Stated District Court in federal °f California. for the Central 19 Section 11.7 Entire Agreement. This Agreement is executed in four (4) duplicate originals, each of which is deemed to be an original. This Agreement consists of pages and eight (8) Exhibits which constitute the entire understanding and agreement of the parties. The exhibits are as follows: Exhibit "A -1" - Council Resolution No. Exhibit "A -2" - Council Resolution No. Exhibit "B -1" - Council Resolution No No. Exhibit "B -2" - Council Resolution No. No. Exhibit "B -3" - Council Resolution No. No. approving Tract 4726 approving Tract 4738 approving PD Permit approving PD Permit approving PD Permit Exhibit "C" - Council Resolution No. awarding building allocations Exhibit "D" - Description of Property Exhibit "E" - Construction phasing plan Exhibit "F" - Development Fee Schedule Upon completion of performance of the parties or revocation of this Agreement, a written statement acknowledging such completion or revocation, signed by the appropriate agents of the City and Developer shall be recorded in the Official Records of Ventura County, California. Section 11.8 Estoppel Certificate. Either party may, at pLny time, and from time to time, deliver written notice.to the other pQ,_r ty requesting such party to 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 modified either orally or in writing, and if so amended, identifying the amendments, and (iii) the requesting party is not in the performance of its obligations under this Agreement, or`ifnin default, to describe therein the nature and amount of any such defaults. The party receiving a request hereunder shall execute and return such certificate or gi,.,e a written detailed response explaining why it will not do ro within thirty (30) days following receipt thereof. The Planning Director of City shall have the right to execute any certificate requested by Developer hereunder. City acknowledges that a certificate hereunder may be relied upon by transferees and mortgagees. 20 Section 11.9 Time of Essence. Time is of the essence in f the performance o the provisions of this Agreement as to which time is an element. Section 11.10 Sincrular and Plural_ As used herein the singular of any word includes the plural. Section 11.11 Waive r_ Failure b the strict performance of an of Y a Party to insist upon Y the provisions of this Agreement by the other party or the failure by rights upon the default of the other oartyty to exercise its a waiver of such party's right to insist thereafter. and shall compliance by the other party with the terms of this Agreement Section 11.12 No Third Party Beneficiaries. oply Parties to this Agreement are Developer and City. he ear third party beneficiaries and this Agreement isy not Tintended no shall not be construed to benefit or be enforceable b person or entity and y whatsoever. Y any other Section 11.13 Successors and Assi s. Provisions of Article "III the terms and conditionstofo_ Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Section 11.14 Execution_ This Agreement was approved by the City Council by way of Ordinance No. adopted on , which was finally effective thirty (30 days 1990 (the "Approval Date" was duly executed b ) y thereafter (the "Effective) Date"), and "Execution Date"). the parties as of ), and . _ 1990 (tt:e 0%%. 21 r �4. DEVELOPER: CITY: SARANAC VENTURES, INC., a California Corporation By: Glenn Hartman, its President CITY OF MOORPARK By: ATTESTATION: Mayor By: City Clerk APPROVED AS TO FORM: 22 By: Cheryl- Kane, City Attorney