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HomeMy WebLinkAboutAGENDA REPORT 1996 0417 CC SPC ITEM 03B l/4-•7iI 1 I:A 411416141 a -d A WAIVER OF RIGHT TO JUDICIAL REVIEW This Waiver of Right to Judicial Review ( "Waiver") is made this day of April, 1996, by and between the CITY OF MOORPARK, a municipal corporation, ( "City") , on the one hand, and BOLLINGER DEVELOPMENT INCORPORATED, a California corporation, ( "Bollinger") and MOORPARK COUNTRY CLUB INVESTORS, a California limited partnership, ( "Moorpark Investors" ) , on the other hand, with respect to the following facts : A. City and Bollinger are contemplating entering into a Development Agreement dated April , 1996 ( "Agreement") . The defined terms in this Waiver shall have the same meanings as in the Agreement. B. City will not approve the development of the Property on the terms set forth in the Agreement without assuring itself that it will obtain the benefits contained in the Agreement. C. The Agreement will not become effective until either the current owners of the Property have agreed to be bound by the terms of the Agreement or Bollinger or a substitute person has taken title to the Property. D. Bollinger is in escrow to purchase the Property. City's approval of the Project will occur before the Agreement will become effective . E. City desires to retain the right to replan or rezone the Property to return the Property to its current planning and zoning designations if the Agreement does not become effective within a reasonable time without having to litigate its right to do so with Bollinger or Moorpark Investors . Based on the foregoing, it is hereby agreed: 1 . City will not commence the process required for replanning the Property to the current Rural Low (1 du/5 acres) designation or rezoning the Property to the current Rural Exclusive 5 Acres zone (collectively "redesignation of the Property") for one hundred twenty (120) days after the date upon which the Enabling Ordinance becomes effective pursuant to Government Code Section 36937 in order to allow a reasonable amount of time for the Agreement to become effective . Thereafter, City may, if it determines in its sole discretion that it is in its interest to do so, commence the redesignation of the Property. LAX2:153038.2 -1- A 2 . If City commences the redesignation of the Property, Bollinger and Moorpark Investors shall have the right to appear at any hearing held in connection with the redesignation of the Property and to make their opposition to the redesignation of the Property known. 3 . City will abandon the redesignation of the Property if the Agreement becomes effective before the redesignation of the Property has become final . 4 . Bollinger and Moorpark Investors hereby waive any rights they might otherwise have to seek judicial review of City' s actions in connection with the redesignation of the Property, including, but not limited to, any cause of action for inverse condemnation or to invalidate or set aside the redesignation of the Property, if the Agreement has not become effective before the redesignation of the Property has become final . 5. This Waiver may be executed in one or more counterparts, each of which shall be deemed an original . Dated: April , 1996 CITY OF MOORPARK By: Paul W. Lawrason Jr. Mayor Dated: April , 1996 ATTEST By: Lillian E . Hare City Clerk Dated: April , 1996 BOLLINGER DEVELOPMENT INCORPORATED By: Paul A. Bollinger President Dated: April , 1996 MOORPARK COUNTRY CLUB INVESTORS LAX2:153038.2 -2- • • By: Bollinger Development Incorporated, General Partner By: Paul A. Bollinger President LAX2:153038.2 -3-