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HomeMy WebLinkAboutAGENDA REPORT 2017 1101 CCSA REG ITEM 10G ITEM 10.G. a; r:PAting ing0/1 MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Joseph Fiss, Economic Development and Planning Manager DATE: October 24, 2017 (CC Meeting of 11/01/2017) SUBJECT: Consider Amendment to Easement Agreement with MB Plaza West LLC BACKGROUND/DISCUSSION On September 1, 2011, the City entered into a Settlement Agreement with Mission Bell Plaza West, LP and other ownership interests of Mission Bell Plaza over unpaid debt to the City. Part of the Settlement Agreement included a provision for Mission Bell West, LP, to provide an assignable easement to the City that would provide access from the undeveloped 4-acre property to the west to the signal at Leta Yancy Road through the Mission Bell Plaza parking lot (Attachment 1). This easement agreement required certain easement improvements to be completed on or before December 31, 2016, or the easement would have expired. On June 15, 2015 the City Council approved an extension to the easement agreement, extending the agreement to January 1, 2018 during which time entitlements were processed on the property to the west. The 4-acre property that would ultimately benefit from this easement currently has a proposed 66-unit townhouse development under review. Previously, a medical office was approved for this site. The residential project would require a General Plan Amendment and Zone Change, along with a Development Agreement. Staff expects a decision on this project sometime in the 2017-2018 fiscal year. It is possible that the decision would occur after the current easement agreement expires, in which case having access from the project site to the Leta Yancy Road/Los Angeles Avenue signalized intersection could no longer be guaranteed. 263 Honorable City Council November 1, 2017 Page 2 Community Development staff have been working with the new owner of the land under the easement in Mission Bell Plaza, MP Plaza West LLC, on another extension to the easement agreement. The City Attorney's Office prepared a draft second amendment to the easement agreement, which would provide an additional 2 years (to January 1, 2020) by which the easement would need to be effectuated (Attachment 2). This would be sufficient time for the entitlements on the adjacent site to be decided by the City, providing this access as an option for consideration for either commercial or residential development. FISCAL IMPACT None. STAFF RECOMMENDATION Authorize the City Manager to sign the Amendment to Easement Agreement, subject to final language approval by the City Manager. Attachments: 1. Easement Agreement 2. Draft Second Amendment to Easement Agreement S\Community Development\DEV PMTSIR-P D\2014-02 Grand Moorpark Manny Kozar\Easement Agreementt20161107 Easement CC Rpt dock 264 750, 7 (aoiC -a) • RECORDING REQUESTED BY 11111111111111110111111111111111111 AND WHEN RECORDED MAIL-TO: 2016080840111686-0 1/3 Ventura County Clerk and Recorder City or Moorpark MARK A. LUNN 799 Moorpark Avenue 08/08/2016 03.57:43 PM Moorpark,Calilornia 93021 1094727 5.00 CE Attn: City Clerk Exempt recording per Government Code Sec.6103 • SPACE ABOVE THIS LINE FOR RECORDER'S USE AMENDMENT TO EASEMENT AGREEMENT This AMENDMENT TO EASEMENT AGREEMENT(the "Agreement") is dated as of ht AA, 2016, and is entered into by and between MB PLAZA WEST LLC, a Delaware limited liability company ("MB"), and the CITY OF MOORPARK, a municipal corporation (the • "City"), who agree as follows: RECITALS • A. Mission Bell West, LP and the City entered into that certain Easement Agreement dated September 1, 2011 which was recorded on October 13, 2011 in the Official Records of Ventura County as Document 20111013-00152643-0(the "Easement"). . B. Mission Bell West, LP has conveyed to MB all of the property it owned that is affected by the Easement and all of its rights,obligations,title and interest in, under and to the Easement. C. The Easement included a deadline of December 31, 2016 for the completion of "Mission Bell Easement Improvements" (as defined in Section 4 of the Easement). . . --- - -- D. MB and City desire to extend such deadline. AGREEMENT 1. Extension of Deadline. The December 31, 2016 deadline in Section 2(a) of the Easement is hereby extended to January 1, 2018. MB PLAZA WEST LLC, CITY OF MOORPARK a Delaware limited liability company By: By. 4:1- ,7, 4-- 1 nathan G. Cheng Steven Kueny President City Manager Approved as to Form: ruse Galloway, of Richards, atson & Gershon, Assistant City Attorney l's; -uuv t� 92774a,a'..aux -1- 2 6 5 CC ATTACHMENT 1 12x53-110141 1963325v 1 Lc 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 ' K. Sart ) On JUit �o, o�ltQ ,before mc, 1 tv ' STAID , (insert name and tide of the officer) Notary Public, personally appeared -STA1 LL) ( . , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)(jire subscribed to the within instrument and acknowledged to me thatQshe/they executed the same in Ober/their authorized capacity(ies),and that by /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. � " �� JENNIFER SCHELL Signature iI.P Q (Seal) L': COMM. #2014937 le' -^ Notary Public-California c � '� Comm.Ex.Wes Afar.2Sari Diego 5,2017 -2- 266 4 ,Aird/.-x- CITY OF MOORPARK 41:rer4. • ��V-qp799 Moorpark Avenue,Moorpark,California 93021 I Phone(805)517-6200 I Fax(805)532-2205 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. PUBLIC AGENCY FORM OF ACKNOWLEDGMENT STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK On this 22nd day of July in the year 2016, before me, Maureen Benson, City Clerk of the City of Moorpark, personally appeared Steven Kueny, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and who is personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity as the City Manager of the City of Moorpark, and that by his signature on the instrument, acknowledged to me that the City 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 1 . I i J? VM1 �Vf �q Maureen Benson �* rKa City Clerk JANICE S.PARVIN ROSEANN MIKOS,Ph.D. KEITH F.MILLHOUSE DAVID POLLOCK MARK VAN DAM 2 6 7 Mayor Councilmember - Councilmember Councilmember Councilmember 402 W Broadway,Suite 7801 San Diego,CA 92101 '1OUR14ALINE IAP1TAL; Tel: (619)696-8600 1 Fax:(619)308-6600 October 12, 2017 Joe Fiss City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 RE: MB Plaza West LLC Dear Joe: Enclosed please find two (2)partially executed Second Amendment to Easement Agreement for MB Plaza West LLC. Upon receipt, please have the City Manager and Assistant City Attorney sign where indicated. Once fully executed,please mail one(1)original to my office at the address above. Additionally, please email a pdf copy of the recorded easement to myself at: j cheng@tourmalinecapital.com. Thank you for your attention to this matter. Should you require additional information or have any questions,please feel free to contact me. Sincerely, Jonathan Cheng 268 RECORDING REQUESTED BY, AND WHEN RECORDED MAIL TO: City of Moorpark 799 Moorpark Avenue Moorpark,California 93021 Attn: City Clerk Exempt recording per Government Code Sec.6103 SPACE ABOVE THIS LINE FOR RECORDER'S USE SECOND AMENDMENT TO EASEMENT AGREEMENT This SECOND AMENDMENT TO EASEMENT AGREEMENT (the "Agreement") is dated as of , 2017, and is entered into by and between MB PLAZA WEST LLC, a Delaware limited liability company ("MB"), and the CITY OF MOORPARK, a municipal corporation(the "City"),who agree as follows: RECITALS A. MB and the City entered into that certain Easement Agreement dated September 1, 2011 which was recorded on October 13, 2011 in the Official Records of Ventura County as Document 20111013-00152643-0, which was amended by certain Amendment to Easement Agreement dated July 22, 2016, executed by MB and City and recorded on August 8, 2016 in such Official Records as Document 20160808-00111686-01/3 (collectively,the"Easement"). B. The Easement included a deadline of January 1, 2018 for the completion of "Mission Bell Easement Improvements"(as defined in Section 4 of the Easement). C. MB and City desire to further extend such deadline. AGREEMENT 1. Extension of Deadline. The January 1, 2018 deadline in Section 2(a) of the Easement is hereby extended to January 1,2020. MB PLAZA WEST LLC, CITY OF MOORPARK a Delaware limited liability company By: ✓ ( By: J athan/Cheng Steven Kueny Its: Manager City Manager Approved as to Form: Bruce Galloway, of Richards, Watson& Gershon, Assistant City Attorney CC ATTACHMENT 2 269 12853-0014\2110241v1.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 San c.tjb ) p On 0(Alb?" 1 1 a_ot--t , before me, Win.trer Gth...B , (insert name and title of the officer) Notary Public,personally appeared TVYttaktin h&I‘Or- , who proved to me on the basis of satisfactory evidence to be theLperson(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 Df California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. IENNIFERSCHELL #1z NotaPit ligco-CCoaliforniaunty f. Signature /101411Lildifili (Seal) z v ,—. !won#2184675 ''I'';`" My Comm.Expires Mar 25,2021 • -2- 270 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 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) -3- 12853-00141211 0241vI.doc 271