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HomeMy WebLinkAbout8.3 Anderson Development Agreement PA07-037AGENDA STATEMENT PLANNING COMMISSION MEETING DATE: October 14, 2008 SUBJECT: PUBLIC HEARING: PA 07-037 Anderson - Development Agreement (Legislative Act) between the City of Dublin and Dublin RE Investors LLC for the northern 7-acres of the Anderson property approved for development of a 108-unit apartment project. Report Prepared by Jeff Baker, Senior Planner ATTACHMENTS: 1) Resolution recommending that fie City Council adopt an Ordinance approving a Development Agreement between the City of Dublin and Dublin RE Investors LLC for thr northern 7-acres of the Anderson property, with the Draft Ordinance included as Exhibit A. RECOMMENDATION: 1) Receive Staff presentation; 2) Open the Public Hearing; 3) Take testimony from the Applicant and the public; 4) Close the Public Hearing and deliberate; and either 5) Adopt a Resolution recommending that the City Council adopt an Ordinance approving a Development Agreement between the City of Dublin and Dublin RE Investors LLC for the northern 7-acres of the Anderson property (Attachment 1). PROJECT DESCRIPTION: The 50.3+/- acre Anderson property is generally located north of Interstate 580 and east of Croak Road near the eastern City limits and included within the Eastern Dublin Specific Plan (EDSP) and Fallon Village. The northern 7-acres of the Anderson property is the subject of the proposed Development Agreement (Please refer to Map 1 to the right). Positano Affordable Housing Obligation Braddock & Logan's Positano development is located east of Fallon Road within the northern portion of Fallon Village Map 1 - Vicinity Map (please refer to Map 2 on page 2) and consists of 1,043 single- family detached residential units. Braddock & Logan prepared an Affordable Housing Proposal to address the affordable housing obligation for the Positano development. The Affordable Housing Proposal was presented to the City Council on October 18, 200:; and included construction of 88 affordable apartments on the 7-acre Anderson property to satisfy portion of the affordable housing obligation for the Positano development. The City Council reviewed the proposal and directed Staff to work with the Applicant to integrate market-rate units as a part of the proposed 88 affordable units on the Anderson property. Staff is currently preparing the Affordable Housing Agreement to address the Anderson property. COPIES TO: Applicant Property Owner File PA 07-037 ITEM NO.? Page 1 of 4 G:\PA#\2007\07-037 Anderson GPA SPA PD SDR\De%elopment Agreement\PCSR Anderson DA.doc As a result, Braddock & Logan proposed a 108-unit project on the Anderson property to address the direction by the City Council to construct a mixed-income project. The proposed project (108 units) exceeded the maximum density permitted by the then current Medium Density (6.1-14 du/ac) land use designation. Therefore, in July 2007, City Council initiated a General Plan Amendment (GPA) and EDSP Amendment (SPA) Study to evaluate changing the residential land use designation to Medium-High Density (14.1-25 du/ac). I Positano I Current Planning Approvals M.ap 2: Positano Vicinity Map On March 4, 2008, the City Council adopted a GPA and EDSPA to change the land use designation of the project site to Medium-High Density Residential (14.1-25 cu/acre) (Resolution 37-08). The City Council also adopted a PD Rezone with Stage 2 Development Plan for the project site on March 18, 2008 (Ordinance 13-08). On February 12, 2008, the Planning Commission approved a Site Development Review (SDR) (Resolution 08-04) for 108-unit apartment project and related site improvements on the Anderson property. The project includes 88 affordable units, 19 market rate uni ts, and 1 manager's unit, as well as a community building, swimming pool, picnic areas, and children's play area. Current Request The Applicant currently requests approval of a Development Agreement for the northern 7-acres of the Anderson Property. The proposed Development Agreement is included as Exhibit A to Attachment 1. ANALYSIS: California Government Code §§ 65864 et seq. and the Dublin Municipal Code (Chapter 8.56) authorize the City to enter into an agreement for the development of real property with any person having a legal or equitable interest in such property in order to obtain certain commitments and establish certain development rights for the property. The Eastern Dublin Specific Plan requires all Applicants for development in eastern Dublin to enter into a Development Agreement. Condition 98 of the approved SDR further requires the Applicant to enter into a Development Agreement prior to issuance of a Grading Permit or Building Permit for the project (Resolution 08-04). The proposed Development Agreement (Attachment 1, Exhibit A) P; based on the terms of the Standard Development Agreement for properties in the EDSP. The proposes. Development Agreement provides security to the developer that the City will not change its zoning and other laws applicable to the project for a period of five years. In return, the Developer agrees to comply Avith the Conditions of Approval and make commitments which the City might otherwise not have the authority to compel. The Development Agreement augments the City's standard development regulaticns; defines the precise financial responsibilities of the developer; ensures timely provision of adequate public facilities for each project; and provides terms for the Developer to advance funds for specific facilities which have community or area-wide benefit or for reimbursement from future development, as appropriate. The proposed Development Agreement includes a provision that extends the term of the Site Development Review approval for the 108-unit apartment project on the Anderson property for a period of five years. This extension will coincide with the terms of the proposed Affordable Housing Agreement that addresses the construction timing; of the affordable units on the Anderson property in order to satisfy a portion of the affordable housing obligation for the Positano development. Page 2 of 4 Development Agreements are approved by an ordinance of the City Council upon recommendation by the Planning Commission. A Resolution recommending that the City Council approve the proposed Development Agreement is included as Attachment 1 (please refer to page 2 of Attachment 1 for the Findings). ENVIRONMENTAL REVIEW: The City prepared an Initial Study to determine whether there could be significant environmental impacts as a result of the residential project on the northern 7-acres of the Anderson property beyond or different from those already addressed in a previous environmental review. The Initial Study concluded that the proposed project could not have a significant effect on the environment, and no significant information arose for the project during the preparation of this Initial Study that would require further environmental review. Therefore, on March 4, 2008, the City Council adopted a C'EQA Addendum, and Statement of Overriding Considerations (Resolution 36-08), to prior environmentrl documentation including: 1) the Eastern Dublin Environmental Impact Report (EIR), a program EIR, initially certified by the City Council on May 10, 1993 (Resolution 53-93) (SCH#91103064); 2) the East Dublin Property Owners Supplement EIR (SEIR) (SCH # 2001052114) certified by the City Council on April 2, 2002 (Resolution 40-02); and 3) the Fallon Village SEIR (SCH #2005062010) certified by the City Council on December 6, 2005 (Resolution No. 222-05). No further environmental review is required in order to approve the D,-velopment Agreement. PUBLIC NOTIFICATION: In accordance with State law, a public notice regarding this hearing was mailed to all property owners and occupants within 300 feet of the proposed project. A public notio,- was also published in the Valley Times and posted at several locations throughout the City. To date, he City has not received comments or objections from surrounding property owners or tenants regarding t ie current proposal. CONCLUSION: The proposed Development Agreement will implement the requirements of the EDSP, and the provisions of the Planned Development zoning (PA 07-037), and the approved SDR and associated Conditions of Approval for the northern 7-acres of the Anderson property. The t,;rms of the proposed Development Agreement are also consistent with Braddock and Logan's affordable housing proposal. RECOMMENDATION: Staff recommends that the Planning Commission: (1) Receive Staff presentation; (2) Open the Public Hearing; (3) Take testimony from the Applicant and the public; (4) Close the Public Hearing and deliberate; and (5) Adopt a Resolution recommending that the City Council adopt an Ordinance approving a Development Agreement between the City of Dublin an1 Dublin RE Investors LLC for the northern 7-acres of the Anderson property (Attachment 1). Page 3 of 4 GENERAL INFORMATION: APPLICANT/PROPERTY OWNER: Jeff Lawrence Braddock & Logan Services 4155 Blackhawk Plaza Circle, Ste. 201 Danville, CA 94506 LOCATION: EXISTING ZONING: EXISTING GENERAL PLAN/SPECIFIC PLAN LAND USE DESIGNATIONS: SURROUNDING LAND USES: 3457 Croak Road (A?N 905-0006-001) PD - Medium-High Density Residential Medium-High Density Residential (14-25 du/acre) GENERAL PLAN CURRENT USE OF LOCATION ZONING LAND USE PROPERTY Medium-High Project Site Planned Development (PD) Vacant Density Residential North PD Low Density Residential Vacant South PD Industrial Park Vacant East PD Medium Density Resid,-ntial Vacant West PD Open Space Vacant Page 4 of 4 RESOLUTION NO. 08 -XX A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF DUBLIN RECOMMENDING THAT THE CITY COUNCIL ADOPT AN ORDINANCE APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND DUBLIN RE INVESTORS LLC FOR THE NORTHERN 7-ACRES OF THE ANDERSON PROPERTY (APN 905-0006-001) PA 07-037 WHEREAS, the Applicant, Dublin RE Investors LLC, has requested approval of a Development Agreement for the northern 7-acres of the Anderson property with a residential land use designation and generally located north of Interstate 580 and east of Croak Road near the eastern City limits and included within the Eastern Dublin Specific Plan and Fallon Village; and WHEREAS, Braddock & Logan's Affordable Housing pro josal to address the Inclusionary Zoning requirements for the Positano development includes 88 affordable units on the Anderson property; and WHEREAS, the City Council directed Staff to work with 13raddock & Logan to implement their Affordable Housing proposal; and WHEREAS, on February 12, 2008, the Planning Commission approved a Site Development Review (Resolution 08-04) to construct a 108-unit apartment project on the northern 7-acres of the Anderson property; and WHEREAS, on March 4, 2008, the City Council approved a General Plan Amendment (Resolution 37-08) to change the land use designation of the northerr 7-acres of the Anderson property from Medium Density (6.1-14 du/acre) to Medium-High Density (14.1-25 du/acre); and WHEREAS, on March 18; 2008, the City Council approved a PD-Planned Development Rezone with Stage 2 Development Plan (Ordinance 13-08) for the -iorthern 7-acres of the Anderson property; and WHEREAS, Development Agreements are required as an implementing measure of the Eastern Dublin Specific Plan; and WHEREAS, the Development Agreement would extend th.- term of the Site Development Review approval for a period of 5 years; and WHEREAS, pursuant to CEQA, Staff prepared an Initial Study to determine whether there could be significant environmental impacts occurring as a result of the residential project on the northern 7-acres of the Anderson property beyond or different frcm those already addressed in a previous environmental review; and WHEREAS, the Initial Study concluded that the proposed Project could not have a significant effect on the environment, and no significant information arose for the project during the preparation of this Initial Study that would require further environmental review; and ATTACHMENT 1 WHEREAS, on March 4, 2008, the City Council adopted a CEQA Addendum, and Statement of Overriding Considerations (Resolution 36-08), to prior environmental documentation including: 1) the Eastern Dublin Environmental Impact Report (EIR), a program EIR, initially certified by the City Council on May 10, 1993 (Resolution 53-93) (SCH#91103064); 2) the East Dublin Property Owners Supplement EIR (SEIR) (SCH # 2001052114) certified by the City Council on April 2, 2002 (Resolution 40-02); and 3) the Fallon Village SEIR (SCH #2005062010) certified by the City Council on December 6, 2005 (Resolution No. 222-05); and WHEREAS, the text of the Draft Development Agreement is attached to this resolution along with the draft Ordinance marked as Exhibit A; and WHEREAS, the Planning Commission held a properly noticed public hearing on October 14, 2008, at which time interested parties had the opportunity to be heard; and WHEREAS, a Staff Report dated October 14, 2008 was submitted to the Planning Commission analyzing the Project and recommending the Planning Commissior recommend that the City Council adopt an Ordinance approving the Development Agreement; and WHEREAS, the Planning Commission did hear and consider all said reports, recommendations and testimony herein above set forth and used its independent judgment to evaluate the project. NOW, THEREFORE, BE IT RESOLVED THAT the Dublin Planning Commission does hereby make the following findings and determinations regarding said proposed Development Agreement: Said Agreement is consistent with the objectives, policies, general land uses and programs specified in the General Plan and the Eastern Dublin Specific Plan in that: a) the General Plan and the Eastern Dublin Specific Plan land use designation for the subject site is Medium-High Density Residential and that the Applicant's project is consistent with that designation; b) the project is consistent with the fisca policies in relation to provision of infrastructure and public services of the City's Eastern Dublin Specific Plan/General Plan; c) the Agreement sets forth the rules the Applicant and City will be governed by during the development process which is required by the Eastern Dublin Specific Plan and the Mitigation Monitoring Program of the Eastern Dublin Specific Plan. 2. Said Agreement is compatible with the uses authorized in, and the regulations prescribed for, the land use district in which the real property is located in that the project approvals for PA 07-037 include Planned Development zoning, Stage 2 Development Plan, and Site Development Review. 3. Said Agreement is in conformity with public convenience, general welfare and good land use practice in that the Applicant's project will implement land use guidelines set forth in the Eastern Dublin Specific Plan/General Plan, as proposed. 4. Said Agreement will not be detrimental to the health, safety and general welfare in that the development will proceed in accordance with the Agreement and any Conditions of Approval for the Project. G:\PA#\2007\07-037 Anderson GPA SPA PD SDR\Development Agreement\PC Reso Anderson DA.doc Page 2 of 3 5. Said Agreement will not adversely affect the orderly development of the property or the preservation of property values in that the development will be consistent with the City of Dublin General Plan and Eastern Dublin Specific Plan. NOW, THEREFORE, BE IT FURTHER RESOLVED THAT the Dublin Planning Commission does hereby recommend that the City Council approve the Development Agreement between the City of Dublin and Dublin RE Investors LLC for the northern 7-acres of the Anderson property. PASSED, APPROVED AND ADOPTED this 14th day of October 2008. AYES: NOES: ABSENT: ABSTAIN: Planning Commission Chairperson ATTEST: Planning Manager G:\PA#\2007\07-037 Anderson GPA SPA PD SDR\Development Agreement\PC Reso Anderson DA.doc Page 3 of 3 ORDINANCE NO. XX - 08 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND DUBLIN RE INVESTORS LLC FOR THE NORTHERN 7-ACRES OF THE ANDERSON PROPERTY (APN 905-0006-001) PA 07-037 THE CITY COUNCIL OF THE CITY OF DUBLIN DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. RECITALS A. The Anderson property is located north of Interstate 580 and east of Croak Road near the eastern City limits and is included within the Eastern Dublin Specific Plan (EDSP) and Fallon Village. The northern 7-acres of the Anderson property, referred to herein as the "project", is the subject of the proposed Development Agreement. B. A Development Agreement between the City of Dublin and Dublin RE Investors LLC ("Developer") has been presented to the City Council, Exhibit A, attazhed hereto. C. An Initial Study prepared by City Staff concluded that the 108-unit apartment project on the northern 7-acres of the Anderson property could not have a significant effect on the environment beyond those already studied, and no significant information arose for the project during the preparation of this Initial Study that would require further environmental review. On March 4, 2008, the City Council adopted a CEQA Addendum, and Statement of Overriding Considerations (Resolution 36-08), to prior environmental documentation including: 1) the Eastern Dublin Environmental Impact Report (EIR), a program EIR, initially certified by the City Council on May 10, 1993 (Resolution 53-93) (SCH#91103064); 2) the East Dublin Property Owners Supplement EIR (SEIR) (SCH # 2001052114) certified by the City Council on April 2, 2002 (Resolution 40-02); ar?d 3) the Fallon Village SEIR (SCH #2005062010) certified by the City Council on December 6, 2005 (Resolution No. 222-05). D. A public hearing on the proposed Development Agreement was held before the Planning Commission on October 14, 2008, for which public notice was given as provided by law. E. The Planning Commission has, by Resolution 08-XX, recommended that the City Council approve the Development Agreement. F. A public hearing on the proposed Development Agreement was held before the City Council on , 2008 for which public notice was given as provided by law. G. The City Council has considered the recommendation of the Planning Commission, including the Planning Commission's reasons for its recommendation, the Agenda Statement, all comments received in writing, and all testimony received at the public hearing. EXHIBIT A TO ATTACHMENT 1 SECTION 2. FINDINGS AND DETERMINATIONS Therefore, on the basis of. (a) the foregoing Recitals which ar,,- incorporated herein, (b) the City of Dublin General Plan, (c) the Eastern Dublin Specific Plan, (d) the Program EIR for the Eastern Dublin Specific Plan (SCH SCH#91103064), (e) the EDPO Supplemental EIR (SEIR) (SCH # 2001052114), (f) the Fallon Village SEIR (SCH#2005062010), (g) the CEQA Addendum to the previous environmental reviews adopted by City Council on March 4, 2008 (Resolution 36-C8, (i) the Agenda Statement, and on the basis of the specific conclusions set forth below, the City Council finds and determines that: The Development Agreement is consistent with the objectives, policies, general land uses and programs specified and contained in the City's General Plan and in the Eastern Dublin Specific Plan in that: (a) the General Plan and Eastern Dublin Specific Plan land use designation for the site is Medium-High Density Residential, (b) the proposed project is consistent with the designated land use, (c) the project is consistent with the fiscal policies of the General Plan and Specific Plan with respect tc the provision of infrastructure and public services, and (d) the Development Agreement includes provisions relating to vesting of development rights, and similar provisions s,-t forth in the Specific Plan. 2. The Development Agreement is compatible with the uses authorized in, and the regulations prescribed for, the land use districts in which the real property is located in that the project approvals include Planned Development Zoning with an approved Stage 1 and Stage 2 Development Plan, and Site Development Review approval for a 108-unit apartment project. 3. The Development Agreement is in conformity with public convenience, general welfare, and good land use policies in that the Developer's project will implement land use guidelines set forth in the Eastern Dublin Specific Plan and the General Plan which have planned for Medium-fligh Density Residential uses at this location. 4. The Development Agreement will not be detrimental to the health, safety and general welfare in that the Developer's project will proceed is accordance with all the programs and policies of the Eastern Dublin Specific Plan. 5. The Development Agreement will not adversely affect the orderly development of property or the preservation of property values in that the project will be consistent with the General Plan and with the Eastern Dublin Specific Plan. SECTION 3. APPROVAL The City Council hereby approves the Development Agreement (Exhibit A) and authorizes the Mayor to execute it. SECTION 4. RECORDATION Within ten (10) days after the Development Agreement is fully executed by all parties, the City Clerk shall submit the Agreement to the County Recorder for recordat on. 2 SECTION 5. EFFECTIVE DATE AND POSTING OF ORDINANCE This Ordinance shall take effect and be in force thirty (30) days from and after the date of its passage. The City Clerk of the City of Dublin shall cause the Ordinance to be posted in at least three (3) public places in the City of Dublin in accordance with Section 36933 of the Government Code of the State of California. PASSED AND ADOPTED BY the City Council of the City of Dublin, on this day of , 2008 by the following votes:. AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk G:\PA#\2007\07-037 Anderson GPA SPA PD SMDevelopment Agreement\CC Ord Anderson DA.doc 3 RECORDING REQUESTED BY: CITY OF DUBLIN When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568 Fee Waived per GC 27383 Space above this line for Recorder's use DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND DUBLIN RE INVESTORS, LLC FOR THE: ANDERSON RESIDENTIAL PROJECT EXHIBIT A EXHIBIT A TO ATTACHMENT 1 THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered in the City of Dublin on this _ day of , 2008, by and between the City of Dublin, a Municipal Corporation (hereafter "the City"), and Dublin RE Investors, L.L.C., a California limited liability corporation (hereafter `Developer"), pursuant to the authority of §§ 65864 et seq. of the California Government Code and Dublin Municipal Code, Chapter 8.56. RECITALS A. California Government Code §§ 65864 et saq. and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") autiorize the City to enter into an agreement for the development of real property with any person having a legal or equitable interest in such property in order to establish certain development rights in such property; and B. DEVELOPER desires to develop and holds legal interest in certain real property consisting of approximately 7 acres of land, located in the City of Dublin, County of Alameda, State of California, which is more particularly described in Exhibit A attached hereto and incorporated herein by this reference, and which real property is hereafter called the "Property" and C. The City Council adopted the Eastern Dubl n Specific Plan by Resolution No. 53-93 which Plan is applicable to the Property; and D. The Eastern Dublin Specific Plan requires Developer to enter into this development agreement; and E. Developer proposes the development of the Property with 108 residential units and various non-residential uses including open space and private recreation facilities, storm water management elements and associated public and private rights-of-way (the "Project"); and F. Developer has applied for, and the City has approved various land use approvals in connection with the development of the Project, including a General Plan Amendment (City Council Resolution 37-08), an Eastern Dublin Specific Plan Amendment (City Council Resolution 37-08), a Stage 1 Development Plan (Ordinance No. 13-08), a Stage 2 Development Plan (Ordinance 13-08), and Site Development Review (Planning Commission Resolution No. 08-04) (collectively, together with any approvals or permits now or hereafter issued with respect to the Project, the "Project Approvals"); and G. Development of the Property by Developer may be subject to certain future discretionary approvals, which, if granted, shall automatically Dublin/Dublin RE Investors Development Agreement Page 2 of 16 For the Anderson Residential Project 1045745_9.DOC become part of the Project Approvals as each such approval becomes effective; and H. The City desires the timely, efficient, orderly and proper development of said Project; and 1. The City Council has found that, among other things, this Agreement is consistent with its General Plan and the Eastern Dublin Specific Plan as amended by City Council Resolution 37-08, and has been reviewed and evaluated in accordance with Chapter 8.56; and J. The City and Developer have reached agreement and desire to express herein a development agreement that will facilitate development of the Project subject to conditions set forth herein; and K. On , 2008, the City Council of the City of Dublin adopted Ordinance No. __ approving this Agreement. The ordinance took effect on , 2008 ("the Approval Date"). NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations and covenants herein contained, the City and Developer agree as follows: AGREEMENT Description of Property. The Property that is the subject of this Agreement is described in Exhibit A attached hereto. 2. Interest of Developer The Developer has a legal or equitable interest in the Property in that it holds a right to purchase the property. 3. Relationship of City and Developer. It is understood that this Agreement is a contract that has been negotiated and voluntarily entered into by the City and Developer and that the Developer is not an agent of the City. The City and Developer hereby renounce the existence of any form of joint venture or partnership between them, and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making the City and Developer joint venturers or partners. Dublin/Dublin RE Investors Development Agreement Page 3 of 16 For the Anderson Residential Project 4. Effective Date and Term. 4.1. Effective Date. The effective date of this Agreement shall be the Approval Date. 4.2. Term. The term of this Agreement shall commence on the Effective Date and extend five (5) years thereafter, unless said term is otherwise terminated or modified by circumstances set forth in this Agreement. 5. Use of the Prope 5.1. Right to Develop. Developer shall have the vested right to develop the Project on the Property in accordance with the terms and conditions of this Agreement, the Project Approvals (as and when issued), and any amendments to any of them as shall, from time to time, be approved pursuant to this Agreement (such amendments once effective shall become part of the law Developer is vested into without an additional amendmert of this Agreement).. 5.2. Permitted Uses. The permitted uses of the Property, the density and intensity of use, the maximum height, bulk and size of proposed buildings, provisions for reservation or dedication of land for public purposes and location and maintenance of on-site and off-site improvements, location of public utilities (operated by the City) and other terms and conditions of development applicable to the Property, shall be those set forth in this Agreemeni, the Project Approvals and any amendments to this Agreement or the Project Approvals. 5.3. Additional Conditions. Provisions for the following ("Additional Conditions") are set forth in Exhibit B attached hereto and incorporated herein by reference. 5.3.1. Subsequent Discretionary Approvals. Conditions, terms, restrictions, and requirements for subsequent discretionary actions. (These conditions do not affect Developer's responsibility to obtain all other land use approvals required by the ordinances of the City of Dublin other approvals from regulatory agencies.) Not Applicable 5.3.2. Mitigation Conditions. Additional or modified conditions agreed upon by the parties in order to eliminate or mitigate adverse environmental impacts of the Project or otherwise relating to development of the Project. See Exhibit B Dublin/Dublin RE Investors Development Agreement Page 4 of 16 For the Anderson Residential Project 5.3.3. Phasing, Timing. Provisions that the Project be constructed in specified phases, that construction shall commence within a specified time, and that the Project or any phase thereof be completed within a specified time. See Exhibit B 5.3.4. Financing Plan. Financial plans which identify necessary capital improvements such as streets and utilities and sources of funding. See Exhibit B 5.3.5. Fees. Dedications. Terms relating tc payment of fees or dedication of property. See Exhibit B 5.3.6. Reimbursement. Terms relating to subsequent reimbursement over time for financing of necessary public facilities. See Exhibit B 5.3.7. Miscellaneous. Miscellaneous terms. See Exhibit B 6. Aoolicable Rules, Regulations and Official Policies 6.1. Rules re Permitted Uses. For the term of this Agreement, the City's ordinances, resolutions, rules, regulations and official policies governing the permitted uses of the Property, governing density and intensity of use of the Property and the maximum height, bulk and size of proposed buildings shall be those in force and effect on the Effective Date of the Agreement. 6.2. Rules re Design and Construction. Unless otherwise expressly provided in Paragraph 5 of this Agreement, the ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to the Project shell be those in force and effect at the time of the applicable discretionary approval. whether the date of that approval is prior to or after the date of this Agreement. Ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to public improvements to be constructed by Developer shall be those in force and effect at the time of the applicable discretionary approval, whether date of aporoval is prior to or after the date of this Agreement. Dublin/Dublin RE Investors Development Agreement Page 5 of 16 For the Anderson Residential Project 6.3. Uniform Codes Applicable. Unless expressly provided in Paragraph 5 of this Agreement, the Project shall be cons':ructed in accordance with the provisions of the Uniform Building, Mechanical, Plumbing, Electrical and Fire Codes and Title 24 of the California Code of Regulations, relating to Building Standards, in effect at the time of approval of the appropriate building, grading, or other construction permits for the Project. 7. Subsequently Enacted Rules and Regulations. 7.1. New Rules and Regulations. During the term of this Agreement, the City may apply new or modified ordinances, resolutions, rules, regulations and official policies of the City to the Property which were not in force and effect on the Effective Date of this Agreement and which are nct in conflict with those applicable to the Property as set forth in this Agreement if: (a) the application of such new or modified ordinances, resolutions, rules, regrlations or official policies would not prevent, impose a substantial financial burden on, or materially delay development of the Property as contemplated by tris Agreement and the Project Approvals and (b) if such ordinances, resolutions rules, regulations or official policies have general applicability. 7.2. Approval of Application. Nothing in this Agreement shall prevent the City from denying or conditionally approving any subsequent land use permit or authorization for the Project on the basis of such new or modified ordinances, resolutions, rules, regulations and policies except that such subsequent actions shall be subject to any conditions, terms, restrictions, and requirements expressly set forth herein. 7.3. Moratorium Not Applicable. Notwithstanding anything to the contrary contained herein, in the event an ordinance, resolution or other measure is enacted, whether by action of the City, by initiative, referendum, or otherwise, that imposes a building moratorium, a limit on the rate of development or a voter- approval requirement which affects the Project on all or E ny part of the Property, the City agrees that such ordinance, resolution or other measure shall not apply to the Project, the Property, this Agreement or the Project Approvals unless the building moratorium is imposed as part of a declaration of a local emergency or state of emergency as defined in Government Code § 8558. 8. Subsequently Enacted or Revised Fees, Assessments and Taxes. 8.1. Fees. Exactions, Dedications The City and Developer agree that the fees payable and exactions required in connection with the development of the Project for purposes of mitigating environmental and other impacts of the Project, providing infrastructure for the Project and complying with the Specific Plan shall be those set forth in the Project Approvals and in this Agreement Dublin/Dublin RE Investors Development Agreement Page 6 of 16 For the Anderson Residential Project (including Exhibit B). The City shall not impose or require payment of any other fees, dedications of land, or construction of any public improvement or facilities, shall not increase or accelerate existing fees, dedications of land or construction of public improvements, or impose other exactions in connection with any subsequent discretionary approval for the Property, except as set forth in the Project Approvals and this Agreement (including Exhibit E3, subparagraph 5.3.5). 8.2. Revised Application Fees. Any existing application, processing and inspection fees that are revised during the term of this Agreement shall apply to the Project provided that (1) such fees have general applicability; (2) the application of such fees to the Property is prospective on?y; and (3) the application of such fees would not prevent, impose a substantial financial burden on, or materially delay development in accordance with this Agreement. Developer does not waive its right to challenge the legality of any such fees under the controlling law then in place. 8.3. New Taxes. Any subsequently enacted cite-wide taxes shall apply to the Project provided that: (1) the application of such taxes to the Property is prospective; and (2) the application of such taxes would not prevent development in accordance with this Agreement. Developer does not waive its right to challenge the legality of any such taxes under the controlling law then in place. 8.4. Assessments. Nothing herein shall be construed to relieve the Property from assessments levied against it by the City pursuant to any statutory procedure for the assessment of property to pay for infrastructure and/or services which benefit the Property. 8.5. Vote on Future Assessments and Fees. In the event that any assessment, fee or charge which is applicable to the Property is subject to Article XIIID of the Constitution and Developer does not return its ballot, Developer agrees, on behalf of itself and its successors, that the City may count Developer's ballot as affirmatively voting in favor of such assessment, fee or charge. 9. Amendment or Cancellation. 9.1. Modification Because of Conflict with State or Federal Laws. In the event that state or federal laws or regulations enacted after the Effective Date of this Agreement prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans, maps or permits approved by the City, the parties shall meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Any such amendment or suspension of the Agreement shall be subject to approval by the City Council in accordance with Chapter 8.56. Dublin/Dublin RE Investors Development Agreement Page 7 of 16 For the Anderson Residential Project 9.2. Amendment by Mutual Consent. This Agreement may be amended in writing from time to time by mutual consent of the parties hereto and in accordance with the procedures of State law and Chapte, 8.56. 9.3. Insubstantial Amendments. Notwithstanding the provisions of the preceding paragraph 9.2, any amendments to this Agreement which do not relate to (a) the term of the Agreement as provided in paragraph 4.2; (b) the permitted uses of the Property as provided in paragraph 5.2; (c) provisions for "significant" reservation or dedication of land as provided in Exhibit B; (d) conditions, terms, restrictions or requirements for subsequent discretionary actions; (e) the density or intensity of use of the Project; (f) the maximum height or size of proposed buildings; or (g) monetary contributions by Developer as wovided in this Agreement, shall not, except to the extent otherwise reqL ired by law, require notice or public hearing before either the Planning Comrr ission or the City Council before the parties may execute an amendment hereto. The City's Public Works Director shall determine whether a reservation or dedication is "significant". 9.4. Amendment of Proiect Approvals. Any amendment of Project Approvals relating to: (a) the permitted use of the Property; (b) provision for reservation or dedication of land; (c) conditions, terms, restrictions or requirements for subsequent discretionary actions; (d) the density or intensity of use of the Project; (e) the maximum height or size of proposed buildings; (f) monetary contributions by the Developer; or (g) public improvements to be constructed by Developer shall require an amendment of this Agreement. Such amendment shall be limited to those provisions of this Agreement which are implicated by the amendment of the Project Approval. A,y other amendment of the Project Approvals, or any of them, shall not require amendment of this Agreement unless the amendment of the Project Approval(s) relates specifically to some provision of this Agreement. 9.5. Cancellation by Mutual Consent. Except as otherwise permitted herein, this Agreement may be canceled in whole or in part only by the mutual consent of the parties or their successors in interest, in accordance with the provisions of Chapter 8.56. Any fees paid pursuant to Paragraph 5.3 and Exhibit B of this Agreement prior to the date of cancellation shall be retained by the City. 10. Term of Proiect Approvals. 10.1. Pursuant to California Government Code Section 66452.6(a), the term of the vesting tentative map described in Recital F above shall automatically be extended for the term of this Agreement. The term of any other Project Approval shall be extended only if so provided in Exhibit B. 11. Annual Review. Dublin/Dublin RE Investors Development Agreement Page 8 of 16 For the Anderson Residential Project 11. 1. Review Date. The annual review date for this Agreement shall be between July 15 and August 15, 2009 and thereafter between each July 15 and August 15 during the Tenn. 11.2. Initiation of Review. The City's Community Development Director shall initiate the annual review, as required under Section 8.56.140 of Chapter 8.56, by giving to Developer thirty (30) days' written notic° that the City intends to undertake such review. Developer shall provide evidence: to the Community Development Director prior to the hearing on the annual review, as and when reasonably determined necessary by the Community Development Director, to demonstrate good faith compliance with the provisions of the Agreement. The burden of proof by substantial evidence of compliance is upon the Developer. 11.3. Staff Reports. To the extent practical, the City shall deposit in the mail and fax to Developer a copy of all staff reports, and related exhibits concerning contract performance at least five (5) days prior to any annual review. 11.4. Costs. Costs reasonably incurred by the City in connection with the annual review shall be paid by Developer in accordance with the City's schedule of fees in effect at the time of review. 12. Default. 12.1. Other Remedies Available. Upon the occurrence of an event of default, the parties may pursue all other remedies at law or in equity which are not otherwise provided for in this Agreement or in the City's regulations governing development agreements, expressly including the remedy of specific performance of this Agreement. 12.2. Notice and Cure. Upon the occurrence of an event of default by either party, the nondefaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by tl-e defaulting party within thirty (30) days after service of such notice of default, the nondefaulting party may then commence any legal or equitable action to enforce its rights under this Agreement; provided, however, that if the default cannot be cured within such thirty (30) day period, the nondefaulting party shall refrain from any such legal or equitable action so long as the defaulting party begins to cure such default within such thirty (30) day period and diligently pursues such care to completion. Failure to give notice shall not constitute a waiver of any default. 12.3. No Damages Against City. Notwithstanding anything to the contrary contained herein, in no event shall damages be awarded against the City upon an event of default or upon termination of this Agreement. Dublin/Dublin RE Investors Development Agreement Page 9 of 16 For the Anderson Residential Project 13. Estoppel Certificate. 13.1. Either party may, at any time, and from time:! to time, request written notice from the other party requesting such party to certif / in writing that, (a) this Agreement is in full force and effect and a binding obligation of the parties, (b) this Agreement has not been amended or modified eilher orally or in writing, or if so amended, identifying the amendments, and (c) to the knowledge of the certifying party the requesting party is not in default in the- performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults. A party receiving a request hereunder shall execute and return such certificate within thirty (30) days following the receipt thereof, or such longer period as may reasonably be agreed to by the parties. City Manager of the City shall be authorized to execute any certificate requested by Developer. Should the party receiving the request nol execute and return such certificate within the applicable period, this shall not be deemed to be a default, provided that such party shall be deemed to have: certified that the statements in clauses (a) through (c) of this section are true, and any party may rely on such deemed certification. 14. Mortgagee Protection; Certain Rights of Cure. 14.1. Mortgagee Protection. This Agreement shall be superior and senior to any lien placed upon the Property, or any portion thereof after the date of recording this Agreement, including the lien for any deed of trust or mortgage ("Mortgage"). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage made in good faith and for value, but all the terms and conditions contained in th s Agreement shall be binding upon and effective against any person or entity, including any deed of trust beneficiary or mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise. 14.2. Mortgagee Not Obligated. Notwithstanding the provisions of Section 14.1 above, no Mortgagee shall have any obligation or duty under this Agreement, before or after foreclosure or a deed in lieu of foreclosure, to construct or complete the construction of improvements, or to guarantee such construction of improvements, or to guarantee such construction or completion, or to pay, perform or provide any fee, dedication, improvements or other exaction or imposition; 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 improvements provided for or authorized by the Project Approvals or by this Agreement. 14.3. Notice of Default to Mortgagee and Extension of Right to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of Dublin/Dublin RE Investors Development Agreement Page 10 of 16 For the Anderson Residential Project default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer has committed an event of default. Each Mortgagee shall have the right during the same period available to Develc per to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's notice. The City, through its City Manager, may extend the thirty-day cure period provided in paragraph 12.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee. 15. Severability 15.1. The unenforceability, invalidity or illegality of any provisions, covenant, condition or term of this Agreement shall not rE!nder the other provisions unenforceable, invalid or illegal. 16. Attorneys' Fees and Costs. 16.1. If the City or Developer initiates any action at law or inequity to enforce or interpret the terms and conditions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs in addition to any other relief to which it may otherwise be entitled. If any person or entity not a party to this Agreement initiates an action at law or in equity to challenge the validity of any provision of this Agreement or the Project Approvals, the parties shall cooperate in defending such action. Developer shall bear its own costs of defense as a real party in interest in any such action, and shall reimburse the City for all reasonable court costs and attorneys' fees expended by the City in defense of any such action or other proceeding. 17. Transfers and Assignments. 17.1 Right to Assign. Developer may wish to sell, transfer or assign all or portions of its Property to other developers (each such other developer is referred to as a "Transferee"). In connection with any such sale, transfer or assignment to a Transferee, Developer may sell, transfer or assign to such Transferee any or all rights, interests and obligations of Developer arising hereunder and that pertain to the portion of the Property being sold or transferred, to such Transferee, provided, however, that: no such transfer, sale or assignment of Developer's rights, interests and obligatiors hereunder shall occur without prior written notice to City and approval by the City Manager, which approval shall not be unreasonably withheld or delayed. 17.2 Approval and Notice of Sale, Transfer or Assignment. The City Manager shall consider and decide on any transfer, sale or assignment within ten (10) days after Developer's notice, provided all necessanf documents, Dublin/Dublin RE Investors Development Agreement Page 11 of 16 For the Anderson Residential Project certifications and other information are provided to the City Manager to enable the City Manager to determine whether the proposed Transferee can perform the Developer's obligations hereunder. Notice of any such a )proved sale, transfer or assignment (which includes a description of all rights, interests and obligations that have been transferred and those which have been retained by Developer) shall be recorded in the official records of Alameda County, in a form acceptable to the City Manager, concurrently with such sale, transfer or assignment. 17.3 Release Upon Transfer. Upon the transfer, sale, or assignment of all of Developer's rights, interests and obligations hereunder pursuant to Paragraph 17.1 of this Agreement, Developer shall be released from the obligations under this Agreement, with respect to the Property transferred, sold, or assigned, arising subsequent to the date of City Manager approval of such transfer, sale, or assignment; provided, however, that if any transferee, purchaser, or assignee approved by the City Manager expressly assumes all of the rights, interests and obligations of Developer under this Agreement, Developer shall be released with respect to all such rights, interests and assumed obligations. In any event, the transferee, purchaser, or assignee shall be subject to all the provisions hereof and shall provide all necessary documents, certifications and other necessary information prior to Cit/ Manager approval. 17.4 Developer's Right to Retain Specified Rights or Obligations. Notwithstanding Paragraphs 17.1 and 17.2 and Paragraph 18, Developer may withhold from a sale, transfer or assignment of this Agreement certain rights, interests and/or obligations which Developer shall retain, provided that Developer specifies such rights, interests and/or obligations in a written document to be appended to this Agreement and recorded with the Alameda County Recorder prior to the sale, transfer or assignment of the Property. Developer's purchaser, transferee or assignee shall then have no interest or obligations for such rights, interests and obligations and this Agreement shall remain applicable to Developer with respect to such retained rights, interests and/or obligations. 17.5 Termination of Agreement Upon Sale of Individual Lots to Public. Notwithstanding any provisions of this Agreement to the contrary, the burdens of this Agreement shall terminate as to any lot which has bE?en finally subdivided and individually (and not in "bulk") leased (for a period of longer than one year) or sold to the purchaser or user thereof and thereupon and without the execution or recordation of any further document or instrument such lot shall be released from and no longer be subject to or burdened by the provisions of this Agreement; provided, however, that the benefits of this Agreement shall continue to run as to any such lot until a building is constructed on such lot, or until the termination of this Agreement, if earlier, at which time this Agreement shall terminate as to such lot. Dublin/Dublin RE Investors Development Agreement Page 12 of 16 For the Anderson Residential Project 18. Agreement Runs with the Land. 18.1 All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding upon the Parties and their respective heirs, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, Section 1468 of the Civil Coce of the State of California. Each covenant to do, or refrain from doing, some act on the Property hereunder, or with respect to any owned property, (a) is for the benefit of such properties and is a burden upon such properties, (b) runs with such properties, and (c) is binding upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden upon each party and its property hereunder and each other person succeeding to an interest in such properties. 19. Bankruptcy. 19.1. The obligations of this Agreement shall not be dischargeable in bankruptcy. 20. Indemnification. Developer agrees to indemnify, defend and hold harmless the City, and its elected and appointed councils, boards, commissions, officers, agents, employees, and representatives from any and all claims, costs (including legal fees and costs) and liability for any personal injury or property damage which may arise directly or indirectly as a result of any actions or inactions by the Developer, or any actions or inactions of Developer's contractors, subcontractors, agents, or employees in connection with the construction, improvement, operation, or maintenance of the Project, provided that Developer shall have no indemnification obligation with respect to negligence or wrongful conduct of the City, its contractors, subcontractors, agents or employees or with respect to the maintenance, use or condition of any improvement after the time it has been dedicated to and accepted by the City or another public entity (except as provided in an improvement agreement or maintenance bond). If City is named as a party to any legal action, City shall cooperate: with Developer, shall appear in such action and shall not unreasonably withhold approval of a settlement otherwise acceptable to Developer. 21. Insurance. Dublin/Dublin RE Investors Development Agreement Page 13 of 16 For the Anderson Residential Project 21.1. Public Liability and Property Damage Insurince. During the term of this Agreement, Developer shall maintain in effect a policy of comprehensive general liability insurance with a per-occurrence combined single limit of not less than one million dollars ($1,000,000.00) with a One Huncred Thousand Dollar ($100,000) self insurance retention per claim. The policy so maintained by Developer shall name the City as an additional insured and shall include either a severability of interest clause or cross-liability endorsement. 21.2. Workers Compensation Insurance. During the term of this Agreement Developer shall maintain Worker's Compensation insurance for all persons employed by Developer for work at the Project site. Developer shall require each contractor and subcontractor similarly to provide Worker's Compensation insurance for its respective employees. Developer agrees to indemnify the City for any damage resulting from Developer's failure to maintain any such insurance. 21.3. Evidence of Insurance. Prior to City Council approval of this Agreement, Developer shall furnish the City satisfactory evidence of the insurance required in Sections 21.1 and 21.2 and eviden-,e that the carrier is required to give the City at least fifteen days prior written notice of the cancellation or reduction in coverage of a policy. The insurance shall extend to the City, its elective and appointive boards, commissions, officers, agents, employees and representatives and to Developer performing work on the Project. 22. Sewer and Water. 22.1. Developer acknowledges that it must obtain water and sewer permits from the Dublin San Ramon Services District ("DSRSD") which is another public agency not within the control of the City. 23. Notices. 23.1. All notices required or provided for under tl is Agreement shall be in writing. Notices required to be given to the City shall be addressed as follows: City Manager City of Dublin 100 Civic Plaza Dublin, CA 94568 FAX No. (925) 833-6651 Notices required to be given to Developer shall be addressed as follows: Jeff Lawrence Dublin RE Investors Dublin/Dublin RE Investors Development Agreement Page 14 of 16 For the Anderson Residential Project 4155 Blackhawk Plaza Circle, Suite 201 Danville, CA 94506 FAX No. (925) 648-5700 A party may change address by giving notice in writing to the other parry and thereafter all notices shall be addressed and transmitted to the new address. Notices shall be deemed given and received upon personal delivery, or if mailed, upon the expiration of 48 hours after being deposited in the United States Mail. Notices may also be given by overnight courier which shall be deemed given the following day or by facsimile transmission which shall be deemed given upon verification of receipt. 24. Agreement is Entire Understanding. This Agreement constitutes the entire understandi -ig and agreement of the parties. 25. Exhibits. The following documents are referred to in this Agreement and are attached hereto and incorporated herein as though set forth in full: Exhibit A Legal Description of Property Exhibit B Additional Conditions 26. Counterparts. This Agreement is executed in three (3) duplicate originals, each of which is deemed to be an original. 27. Recordation. The City shall record a copy of this Agreement within ten (10) days following execution by all parties. Dublin/Dublin RE Investors Development Agreement Page 15 of 16 For the Anderson Residential Project IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF DUBLIN: By: Janet Lockhart, Mayor Date: ATTEST: By: Date:_ Carolyn Parkinson, Interim City Clerk APPROVED AS TO FORM: John D. Bakker, City Attorney DUBLIN RE INVESTORS, LLC, a California limited liability company By: Braddock & Logan Services, Inc., a California corporation Its Manager Name 1,A?L E (NOTARIZATION ATTACHED) Dublin/Dublin RE Investors Development Agreement Page 16 of 16 For the Anderson Residential Project CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Contra Costa On 1 C G before me, Nancy E. Embrey, Nc tary Public Date Here Insert Nan a and Title of the Officer personally appeared -S E F ?"A 2 e r") L C Name(s) of Signers, who proved to me on the basis of satisfactory evidence to be the person( whcse nameM)(gVare subscribed to the within instrument and acknowledged to me that 6/she/they executed the same in6l/her/their authorized capacity(jkns , and that byO/her/their signatureX) on the 1 NANCYE EN?REY instrument the perscnN, or the entity upon behalf of Commis>sbn #? 157iW3 which the person(s) ,acted, executed the instrument. lip Notary PubYc - CWfanla CoMraCotsfaCoulr111r I certify under PENALTY OF PERJURY under the laws My Comm-Expkea<Jun8,2M of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature ?t 8 r Place Notary Seal Above ature of Notary Public OPTIONAL Though the information below is not required by law, it may prove valuable to pen,ons relying on the document and could prevent fraudulent removal and reattachment of this form ?lto-another document. ??^Pm? n??Q? Description of Attached Document at Title or Type of Document: ? ?61, 11 e Document Date: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: ? Individual ? Corporate Officer -Title (s): - ? Partner - D Limited ? General ? Attorney in Fact ? Trustee ? Guardian or Conservator ? Other: Signer Is Representing Top of thumb here Number of Pages: Signer's Name:_ ? Individual ? Corporate Officer - Title(s): ? Partner - ? Limited ? General ? Attorney in Fact ? Trustee ? Guardian or Co iservator ? Other: Signer Is Representing: Tap of thumb here 0 2007 National Notary Association-9350 De Soto Ave.,RO.Box 2402-Chatsworth, CA 91313-2402-www.NatonaiNi)taryorg Item #5907 Reorder: Call Toll-Free 1-800-876-8827 Exhibit A Legal Description of Property EXHIBIT A Order Number: 0131-613542a]a Page Number: 11 ANDERSON PROPERTY LEGAL DESCRIPTION Real property in the City of Pleasanton, County of Alameda, State of California, described as follows: PARCEL ONE: BEING A PORTION OF SECTION 2, TOWNSHIP 3 SOUTH, RANGE 1, EAST MOUNT DIABLO BASE AND MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE POINT OF INTERSECTION OF THE NORTHERN LINE OF THE STATE HIGHWAY FROM DUBLIN TO LIVERMORE AS SAID LINE IS DEFINED IN THAT CERTAIN DEED FROM ALICE M. SHORT AND BEATRICE B. BRIGHT, TO THE STATE OF CALIFORNIA RECORDED MARCH 13, 1934, IN BOOK 3008 OF OFFICIAL RECORDS OF ALAMEDA COUNTY AT PAGE 324, WITH THE EASTERN LINE OF COUNTY ROAD 6152, AS SAID COUN TY ROAD IS DESCRIBED IN THAT CERTAIN DEED FROM HENRIETTA FARRELLY TO COUNTY OF: ALAMEDA, RECORDED JANUARY 2, 1918, IN BOOK 2612, OF DEEDS, AT PAGE 352, ALAME:DA COUNTY RECORDS; RUNNING THENCE SOUTH 890 30' EAST ALONG THE NORTHERN L" NE OF SAID STATE HIGHWAY 814.50 FEET; THENCE NORTH 00 31' WEST 2855.00 FEET TO THE NORTH BOUNDARY LINE OF TOWNSHIP 3 SOUTH, RANGE 1 EAST, MOUNT DIABLO BASE AND MERIDIAN; THENCE WEST ALONG THE LAST NAMED LINE 435.70 FEET TO THE EASTERN LINE OF SAID COUNTY ROAD NO. 6152; THENCE ALONG THE LAST NAN ED LINE THE FOLLOWING COURSES AND DISTANCES; SOUTH 360 35' WEST 23.40 FEET; THENCE SOUTH 230 20' WEST 901.40 FEET; THENCE SOUTH 00 31' EAST 2001.40 FEET TO THE FOINT OF BEGINNING. ALSO BEING A PORTION OF THE SANTA RITA RANCHO. EXCEPTING THEREFROM THE PORTION CONVEYED TO THE STATE OF CALIFORNIA, BY DEED RECORDED FEBRUARY 15, 1950, SERIES NO. AE-13413. ALSO EXCEPTING THEREFROM THE PORTION CONVEYED TO THE STATE OF CALIFORNIA, BY DEED RECORDED OCTOBER 24, 1968, SERIES NO. BA-117504. PARCEL TWO: A PORTION OF THE PARCEL OF LAND CONVEYED TO THE STATE C F CALIFORNIA BY DEED NO. 6832 RECORDED FEBRUARY 15, 1950, IN BOOK 6021, PAGE 575, ALAMEDA COUNTY RECORDS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING ON THE EASTERLY LINE OF CROAK ROAD (ALSO KNOWN AS COUNTY ROAD NO. 6152) AT THE MOST NORTHERLY CORNER OF SAID PARCEL; THENCE ALONG THE GENERAL NORTHERLY LINE OF SAID PARCEL FROM A TANGENT THAT BEARS SOUTH 0°21'44" WEST, ALONG A CURVE TO THE LEFT, WITH A RADIUS OF 50.00 FEET, THROUGH AN ANGLE OF 44°5424", AN ARC LENGTH OF 39.19 FEET; THENCE NORTH 88°33'15" WEST, 9.88 FEET; THENCE NORTH 89059'16" WEST, 4.70 FEET TO THE EASTERLY LINE OF SAID CROAK ROAD; THENCE ALONG LAST SAID LINE NORTH 0021'44"EAST; 35.14 FEEL" TO THE POINT OF COMMENCEMENT. PARCEL THREE: F'rstAmericon Title Order Number: 0131-613542<i)a Page Number: 12 COMMENCING AT A POINT ON THE EASTERLY LINE OF SAID PARCEL DESCRIBED IN SAID STATE DEED NO. 32178 (REEL 2001 OR IMAGE 911), DISTANT TH=REON S. 0°21'44" W., 159.94 FEET FROM THE NORTHEASTERLY CORNER OF LAS' SAID PARCEL; THENCE FROM A TANGENT THAT BEARS S. 31056'43" W., ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 270.00 FEET, THROUGH AN ANGLE OF 56°35'28", AN ARC LENGTH OF 266.68 FEET; THENCE S. 89059'16" E., 221.42 FEET TO THE EASTERLY LINE OF SAID PARCEL DESCRIBED IN SAID STATE DEED NO. 6833 (VOLUME 6402 OR PAGE 393); THENCE ALONG LPST SAID LINE AND ALONG THE EASTERLY LINE OF SAID PARCELS DESCRIBED IN SAID STAT= DEED NO. 32177 (REEL 1995 OR IMAGE 343) AND SAID STATE DEED NO. 32178 (REEL 2001 OR IMAGE 911) N. 0021'44" E., 127.11 FEET TO THE POINT OF COMMENCEMENT. APN; 905-0001-0006-03 (Affects: Parcels One and Two) and 985-0027-005 (Affects: Parcel Three) First An7erfcan Title z V Q Q. a g 8 U W r?.rv w Q r vi C N N oZ a ` h ? a ° C U h a - co V) a - NfK-ni-? -l-f:Pn?Ja 110' NNf9, [ UWtl W Zf 'E 11 EXHIBIT B Additional Conditions The following Additional Conditions are hereby imposed pursuant to Paragraph 5.3 above. Subparagraph 5.3.1 -- Subsequent Discretionary Approvals None. Subparagraph 5.3.2 -- Mitigation Conditions Subsection a. Infrastructure Sequencing Program The Infrastructure Sequencing Program for the Project is set forth below. (i) Roads: The project-specific roadway improvements (and offers of dedication) identified in Resolution No. 08-04 of the City of Dublin Planning Commission approving Site Development Review for the Anderson Residential Project (hereafter "SDR Resolution") shall be completed by Developer to the satisfaction of the City's Public Works Director at the timers and in the manner specified in the SDR Resolution unless otherwise providE!d below. All such roadway improvements shall be constructed to the satisfaction and requirements of the Public Works Director. (ii) Sewer. All sanitary sewer improvements to serve the project site (or any recorded phase of the Project) shall be completed in accordance with DSRSD requirements. (iii) Water. An all weather roadway and an approved hydrant and water supply system shall be available and in service at the site in accordance with the tentative map conditions of approval to the satisfaction aid requirements of the City's fire department. All potable water system components to serve the project site shall be completed in accordance with the DSRSD requirements. Dublin/Investors Development Agreement Page 1 of 5 For the Anderson Residential Project-EXHIBIT B Recycled water lines shall be installed in accordance with the tentative map conditions of approval. (iv) Storm Drainage. (A) General. The storm drainage systems off-site, as well as on-site drainage systems for the areas to be occupied shall be improved consistent with the tentative map conditions of approval and to the satisfaction and requirements of the Dublin Public Works Departmeni applying the City's and Zone 7 (Alameda County Flood Control and Water Conservation District, Zone 7) standards and policies which are in force and effect at the time of issuance of the permit for the proposed improvements. Pursuant to Alameda County's National Pollution Discharges Elimination Permit (NPDES) No. CAS0029831 with the California Regional Water Quality Control Board, or pursuant to subsequent permits adopted by the Board, all grading, construction aid development activities within the City of Dublin must comply with the provisions of the Clean Water Act. Proper erosion control measures must be installed at development sites within the City during construction, and all activities shall adhere to Best Management Practices. (v) Other Utilities (e.g. gas, electricity, cable televisions, telephone). Construction shall be completed by phase prior to issuance of the first Certificate of Occupancy for any building within that specific phase of occupancy for the Project. Subsection b. Miscellaneous (i) Completion May Be Deferred. Notwithstanding the foregoing, the City's Public Works Director may, in his or her sole discretion and upon receipt of documentation in a form satisfactory to the Public Works Director that assures completion, allow Developer to defer completion of discrete portions of any public improvements for the Project if the Public Works Director determines that to do so would not jeopardize the public health, safety or welfare. Subparagraph 5.3.3 -- Phasing. Timing This Agreement contains no requirements that Developer must initiate or complete development of the Project within any period o1 time set by the City. It is the intention of this provision that Developer be able to develop the Property in accordance with its own time schedules and the Project Approvals. Dublin/Investors Development Agreement Page 2 of 5 For the Anderson Residential Project-EXHIBIT B Subnaraaraph 5.3.4 -- Financing Plan Developer will install all improvements necessary for the Project at its own cost (subject to credits for any improvements which qualilj for credits as provided in Subparagraph 5.3.6 below). Other infrastructure necessary to provide sewer, potable water, and recycled water services to the Project will be made available by the Dublin San Ramon Services District. Developer will enter into an "Area Wide Facilities Agreement" with the Dublin San Ramon Services District to pay for the cost of extending such services to the Project. Such services shall be provided as set forth in Subparagraph 5.3.2(a)(ii) and (iii) above. Subparagraph 5.3.5 -- Fees, Dedications Subsection a. Traffic Impact Fees. Developer shall pay the Eastern Dublin Traffic Impact Fee ("TIF") established by Resolution No. 111-04, including any future amendments to such fee that may be in effect at the time of issuance of buildirg permits. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. Developer further agrees that it will pay at least elowen percent (11 %) of the "Section 1" portion of the TIF in cash. Developer also agrees that it will pay at least twenty-five percent (25%) of the "Section 2" portion of the TIF in cash. If the City amends its TIF fee and as a result the City's outstanding balance due on loans is less than 25% of total Section 2 improvements, the Developer shall pay such reduced percentage of the "Section 2" portion of the TIF in cash. Subsection b. Traffic Impact Fee to Reimburse Pleasanton for Freeway Interchanges. Developer shall pay the Eastern Dublin 1-580 Interchange Fee in the amounts and at the times set forth in Resolution No. 155.98 and by any subsequent resolution which revises such Fee that may be in effect at the time of issuance of building permits. Developer will pay such fees no later than the time of issuance of building permits. Dublin/Investors Development Agreement Page 3 of 5 For the Anderson Residential Project-EXHIBIT B Subsection c. Public Facilities Fees. Developer shall pay a Public Facilities Fee established by City of Dublin Resolution No. 214-02, including any future amendments to such fee that may be in effect at the time of issuance of building permits. Developer will pay such fees no later than the time of issuance of building permits. Subsection d. Noise Mitigation Fee. Developer shall pay a Noise Mitigation Fee established by City of Dublin Resolution No. 33-96, including any future amendments to such fee that may be in effect at the time of issuance of building permits. DeVE loper will pay such fees no later than the time of issuance of building permits. Subsection e. School Impact Fees. School impact fees shall be paid by Developer in accordance with Government Code section 53080 and the agreement betiveen Developer or its predecessor in interest and the Dublin Unified School District regarding payment of school mitigation fees. Subsection f. Fire Facilities Fees. Developer shall pay a fire facilities fee established by City of Dublin Resolution No. 12-03 including any future amendments to such fee that may be in effect at the time of issuance of building permits. Developer will pay such fees no later than the time of issuance of building permits. Subsection g. Tri-Valley Transportation Development Fee. Developer shall pay the Tri-Valley Transportation Development Fee in the amount and at the times set forth in City of Dublin Resolution No. 89-98 or any subsequent resolution which revises such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. Subparagraph 5.3.6 -- Credit Subsection a. Traffic Impact Fee Improvernents -- Credit The City shall provide a credit against Eastern Dublin Traffic Impact Fees to Developer for those improvements described in the resolution establishing the Eastern Dublin Traffic Impact Fee if such improvements are constructed by the Developer in their ultimate location. All aspects of the credit shall be covered by Dublin/Investors Development Agreement Page 4 of 5 For the Anderson Residential Project-EXHIBIT B the City's Administrative Guidelines for Eastern Dublin Traffic Impact Fees (Resolution No. 20-07 ("TIF Guidelines"). Subsection b. Traffic Impact Fee Right-of-INay Dedications -- Credit The City shall provide a credit against Eastern Dublin Traffic Impact Fees to Developer for any TIF area right-of-way to be dedicated by Developer to the City which is required for improvements which are described in the resolution establishing the Eastern Dublin Traffic Impact Fee. All aspects of the credits shall be governed by the TIF Guidelines. Subsection c. Public Facility Fee - Neighborhood Parkland Component City shall provide a credit against Public Facilities Fees to Developer for any neighborhood parkland to be dedicated by the Developer which exceeds the amount required under section 9.28 of the Dublin Municipal Code. Such credits shall be expressed in acres of parkland. All aspects of the credits shall be governed by the City's Public Facilities Fees Administrati,/e Guidelines. (Resolution No. 195-99) Subparagraph 5.3.7 - Miscellaneous (i) Term of Site Development Review Approval. Notwithstanding anything to the contrary in the City's Zoning Ordinance and section 10 of this Agreement, the term of the Site Development Review approval granted by the City of Dublin Planning Commission Resolution No. 08-04, and any subsequent revision to it, shall autoriatically be extended for the term of this Agreement. 1045745.8 Dublin/Investors Development Agreement Page 5 of 5 For the Anderson Residential Project-EXHIBIT B