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HomeMy WebLinkAboutOrd 14-10 Jordan Ranch DAORDINANCE NO. 14 -10 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DUBLIN ***************************** APPROVING THE DEVELOPMENT AGREEMENT FOR JORDAN RANCH BETWEEN THE CITY OF DUBLIN AND BJP ROF JORDAN RANCH LLC (MISSION VALLEY PROPERTIES) PA 09-011 THE CITY COUNCIL OF THE CITY OF DUBLIN DOES HEREBY ORDAIN AS FOLLOWS: Section 1. RECITALS A. The proposed project known as Jordan Ranch is located within the boundaries of the Eastern Dublin Specific Plan, and is included in the approval for Planned Development under PA 09- 011. B. A Development Agreement for Jordan Ranch between the City of Dublin and BJP ROF Jordan Ranch LLC (Mission Valley Properties) ("Developer") has been presented to the City Council, Exhibit A, attached hereto. C. Pursuant to the California Environmental Quatity Act (CEQA), development of the Jordan Ranch property has been analyzed in the Final Environmental Impact Report for the Eastern Dublin General Plan Amendment and Specific Plan, which was certified by the City Council by Resolution No. 51-93, the Addenda dated May 4, 1993 and August 22, 1994 (hereafter "Eastern Dublin EIR" or "program EIR") (SCH #91103064), the Eastern Dublin Property Owners area Supplemental Environmental Impact Report ("EDPO SEIR") (SCH # 2001052114), and the Fallon Village Project area Supplemental Environmental Impact Report (SCH#2005062010) ("2005 SEIR"). D. On June 1, 2010 the City Council considered the CEQA Addendum prepared for the Jordan Ranch Project (including the proposed Development Agreement) and adopted Resolution No. XX-10 finding that the Project impacts had been adequately addressed in the previously certified Eastern Dublin EIR, the EDPO SEIR, and the 2005 SEIR, and that no further environmental review was required, and adopting a related Statement of Overriding Considerations for the Jordan Ranch project, which resolution is incorporated herein by reference. E. A public hearing on the proposed Development Agreement was held before the Planning Commission on May 11, 2010 for which public notice was given as provided by ~aw. F. The Planning Commission has made its recommendation to the City Council for approval of the Development Agreement by Resolution 10 - 26. G. A public hearing on the proposed Development Agreement was held before the City Council on June 1, 2010 for which public notice was given as provided by law. Page 1 of 3 H. 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. Section 2. FINDINGS AND DETERMINATIONS Therefore, on the basis of (a) the foregoing Recitals which are incorporated herein, (b) the City of Dublin General Plan, (c) the Eastern Dublin Specific Plan, (d) the Eastern Dublin EIR, (e) the EDPO SEIR, (f) the Fallon Village Project area SEIR, (g) the Agenda Statement, and on the basis of the specific conclusions set forth below, the City Council finds and determines that: 1. The Development Agreement is consistent with the objectives, policies, general land uses and programs specified and contained in the City's General Plan, as amended by the Eastern Dublin General Plan Amendment, and in the Specific Plan in that: (a) the General Plan and Specific Plan land use designation fo~ the site is Single-Family Residential, Medium Density Residential, Medium High Density Residential, Community Park, Neighborhood Park, Neighborhood Square, Semi-Public, Elementary School, and Open Space, (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 to the provision of infrastructure and public services, and (d) the Development Agreement includes provisions relating to vesting of development rights, and similar provisions set 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, Stage 2 Development Plan, Site Development Review, and Vesting Tentative Map. 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 Specific Plan and the General Plan which have planned for Single-Family Residential, Medium Density Residential, Medium High Density Residential, Community Park, Neighborhood Park, Neighborhood Square, Semi-Public, Elementary School, and Open Space, and infrastructure 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 in 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 to the Ordinance) 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 recordation. Page2of3 Section 5. EFFECTIVE DATE AND POSTING OF ORDINANCE This Ordinance shall take effect and be in force thirty (3Q) 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, APPROVED AND ADOPTED this 22nd day of June, 2010 by the following vote: AYES: Councilmembers Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None ATTEST: ~ cS-t ~~ City Clerk ~ (' ~c~._. ..~~lG' ~n~ ', Mayor Ord No. 14-10, Adopted 6-22-10, Item 4.8 Page 3 of 3 ~ a ~~ O D RECORDING REQUESTED BY: CITY OF DUBLIN When Recorded Maii 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 BJP-ROF JORDAN RANCH LLC FOR THE JORDAN RANCH PROJECT EXHIBIT A TO ATTACHMENT 3 ~~~~ ~ THIS DEVELOPMENT AGREEMENT (this "Agreement" or this "Development Agreement") is made and entered in the City of Dublin on this _ day of , 2010, by and between the City of Dublin, a Municipal Corporation (hereafter °City") and BJP-ROF Jordan Ranch LLC, a Delaware limited liability company (hereafter referred to as "Developer°) pursuant to the authority of §§ 65864 et seq. of the California Government Code and Dublin Municipal Code, Chapter 8.56. City and Developer are, from time-to-time, individually referred to in this Agreement as a"Party,° and are collectively referred to as "Parties." RECITALS A. California Government Code §§65864 et seq. {"Development Agreement Statute") and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") authorize the City to enter into a Development 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. B. Developer owns certain real property ("the Property") consisting of approximately 187.9 acres of land and that is more particularly described in Exhibit A attached hereto and is incorporated herein by reference. C. The City Council adopted the Eastern Dublin Specific Plan by Resolution No. 53-93 which Plan is applicable to the Property. The Eastern Dublin Specific Plan requires Developer to enter into a development agreement as a condition of the development of the Property. D. Developer proposes the development of the Property with a mixed use project consisting of up to 780 dwelling units, up to 12,000 square feet of retail use, a range of public parks, public and semi-public uses, apen spaces and roadways ("the Project"). E. Developer, or its predecessor in interest, has applied for, and City has approved or is processing, various land use approvals in connection with the development o~ the Project, including, without limitation, a Stage 1 Planned Development Zoning and Development Plan for the Fallon Village Project (Ord. No. adopted by the City Council on ~; a Stage 2 Planned Development Rezoning and Development Plan (Ord. No. adopted by the City Council on , 2010), Site Development Review (SDR) (Planning Commission Resolution No. adopted on , 2010), a Vesting Tentative Tract Map (Planning Commission Resolution No. ~ adopted on , 2010), and this Development Agreement. All such approvals collectively, together with any approvals or permits now or hereafter issued with respect to the Project are referred to as the "Project Approvals." F. City desires the timely, efficient, orderly and proper development of the Project. 2 ~~~~ ~~ G. The City Councii has found that, among other things, this Development Agreement is consistent with its General Plan and the Eastern Dublin Specific Plan and has been reviewed and evaluated in accordance with the Development Agreement Statute and Chapter 8.56. H. 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. I. The development of the Property and the Project has been evaluated in three environmental impact reports certified by the City: (1) Eastern Dublin General Plan Amendment and Specific Plan Environmental Impact Report, State Clearinghouse No. 91103064; (2) East Dublin Properties Stage 1 Development Plan and Annexation Supplemental EIR (State Clearinghouse No. 2001052114); and (3) Fallon Village Project Draft Supplemental Environmental Impact Report (State Clearinghouse Number 2005062010) (collectively, "Prior EIRs"). The Prior EIRs specifically addressed the General Plan, Specific Plan and Stage 1 Planned Development Zoning and Development Plan for the Project. An Initial Study was prepared for a Stage 2 Planned Development Rezoning and Development Plan, Site Development Review (SDR), a Vesting Tentative Tract Map, and this Development Agreement to determine whether these approvals will result in any new or substantially more severe significant environmental impacts than those analyzed in these prior EIRs or any other standard requiring further environmental review under CEQA are met (Public Resources Code section 21166 and CEQA Guidelines sections 15162 and 15163). The Initial Study determined that these approvals did not trigger any of the CEQA standards requiring further environmental review. An Addendum was prepared for these approvals explaining the basis for finding no further review is required under CEQA pursuant to CEQA Guidelines section 15164(e). The City Council considered and approved the findings in the Addendum (Reso. No. adopted by the City Council on , 2010) prior to approving Stage 2 Planned Development Rezoning and Development Plan, Site Development Review (SDR), a Vesting Tentative Tract Map, and this Development Agreement. J. On , 2010, the City Council of the City of Dublin adopted Ordinance No. approving this Development Agreement ("the Approving Ordinance"). The Approving Ordinance will take effect on ("the Approval Date"). NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations ahd covenants herein contained, City and Developer agree as follows: AGREEMENT Descriqtion of Property. 3 ~Y~ ~ ~~ The Property that is the subject of this Agreement is described in Exhibit A attached hereto ("Property"). 2. I_nterest of Developer. The Developer has a legal interest in the Property in that it is the owner of the Property. 3. Relationship of Citv 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. 4. Effective Date and Term. 4.1. Effective Date. The effective date of this Agreement shall be the Approval Date ("Effective Date"). 4.2. Term. The term of this Agreement shall commence on the Effective Date and extend ten (10) years thereafter, unless said term is otherwise terminated or modified by circumstances set forth in this Agreement. 5. Use of the Propertv. 5.1. Riqht 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 amendment of this Agreement). Nofinrithstanding the foregoing or anything to the contrary herein, any amendment to the General Plan, Specific Plan and PD zoning applicable to the Property and in effect on the Effective Date shall not become part of the law Developer is vested into under this Agreement unless an additional amendment of this Agreement is entered into befinreen Developer and City in accordance with State and City laws. _ 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 4 } / $ ~,~ ~I `~% to the Property, shall be those set forth in this Agreement, the Project Approvals and any amendments to this Agreement or the Project Approvals subject to the provisions of Section 5.1. 5.3. Additional Conditions. Provisions for the following ("Addi#ional Conditions") are set forth in Exhibit B attached hereto and incorporated herein by reference. 5.3.1. Subse4uent Discretionarv Approvals. Conditions, terms, restrictions, and requirements for subsequent discretionary actions. (These conditions do not affect Developer's responsibility to obtain all othe'r land use approvals required by the ordinances of the City of Dublin other approvals from regulatory agencies.) See Exhibit B 5.3.2. Infrastructure Conditions. Additional or modified conditions agreed upon by the parties relating to infrastructure and public improvements required for development of the Project. See Exhibit B 5.3.3. Phasinq, 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. Financina 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 to payment of fees or dedication of properly. ~ 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, 5 ~' ~ ~ ~" ~ See Exhibit B 6. Applicable Rules, Requlations and Official Policies. 6.1. Ru1es Reqardinq 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 Reqardinq Desiqn 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 shall 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 approval is prior to or after the date of this Agreement. 6.3. Uniform Codes Applicable. The Project shall be constructed 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, encroachment or other construction permits for the Project. 7. Subsequentlv 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 not in conflict with those applicable to the Property as set fo~th in this Agreement if: (a) the application of such new or modified ordinances, resolutions, rules, regulations or official policies would not prevent, impose a substantial financial burden on, or materially delay development of the Property as contemplate~ by this Agreement and the Project Approvals and (b) if such ordinances, resolutions, rules, regulations or official policies have general applicability. The Developer may elect to apply for amendments to the Project's Vesting Tentative Map to vest 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 pursuant to Government Code section 66498.2. 6 1 ~ . ~~ ~ 7.2. Approval of Aqplication. 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 Aqplicable. Nofinrithstanding 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 or timing of development or a voter-approval requirement which affects the Project on all or any 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 except as necessary to protect City residents from a condition presenting an imminent threat to public health or safety. 8. Subsequentlv 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 (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 B, subparagraph 5.3.5). Notwithstanding the foregoing, the Project and Property shall be subject to escalator fee increases to City fees in effect on the Effective Date if uniformly applied to comparable uses or property in Eastern Dublin or the City. 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 only; 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. 8.3. New Taxes. Any subsequently enacted city-wide taxes shall apply to the Project provided that: (1) the app(ication of such taxes to the Property is prospective; and (2) the application of such taxes would not prevent development in accordance with this Agreement. Nothing in this subsection shall prevent 7 ~ ^ ' UG~ ~ ~ Developer from challenging the validity of a subsequently enacted tax under state or federal law. 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. Nothing in this subsection shall prevent Developer from challenging the validity of an assessment under state or federal law. 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 provided City has provided all statutorily required notices and complied with all requirements governing the imposition of such assessment, fee or charge. 9. Amendment or Cancellation. 9.1. Modification Because of Conflict with State or Federal Laws. The Project and Properly shall be subject to state and federal laws and regulations and this Agreement does not create any vested right in state and federal laws and regulations in effective on the Effective Date. 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. 9.2. Amendment bv 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 Chapter 8.56. 9.3. Insubstantial Amendments. Nofinrithstanding the provisions of the preceding paragraph 9.2, any amendments to this Agreement which do not relate to (a) #he 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; (fl the maximum height or size of proposed buildings; or (g) monetary contributions by Developer as provided in this Agreement, shall not, except to the extent otherwise required by law, require notice or public hearing before either the Planning Commission or the City 8 7~ 1~~ ~ 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. Cancellation bv Mutual Consent. Except as othenrvise 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)(1), the term of the vesting tentative map described in Recita( F above shall automatically be extended for the term of this Agreement or the term pursuant to the provisions of the state Subdivision Map Act, whichever is longer. The term of any other Project Approval shall be extended only if so provided in Exhibit B. 11. Annual Review. 11.1. Review Date. The annual review date for this Agreement shall be between July 15 and August 15, 2011 and thereafter between each July 15 and August 15 during the Term. 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 notice 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 Repo~ts. 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 9 r n ~~ vl J ~ 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 the 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 cure to completion. Failure to give notice shall not constitute a waiver of any default. 12.3. No Damages Aqainst City. Notwithstanding anything to the contrary contained herein, in no e~ent shall damages be awarded against the City upon an event of default or upon termination of this Agreement. 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 certify 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 either 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 Agresment, 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 not execute and return such certificate within the applicable period, this shall not be deemed to be a default, provided that such party shafl 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. Mortqagee Protection; Certain Riqhts of Cure. 14.1. Mortgaqee 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 this Agreement shall be binding upon and effective against any person or entity, including any deed of 10 ~~ ~1 ~e 0 ~ 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. MortQaQee Not Obliqated. Nofinrithstanding 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 MortQaQee and Extension of Riqht to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of 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 Developer 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 render the other provisions unenforceable, invalid or illegal. 16. Attornevs' Fees and Costs. 16.1. If the City or Developer initiates any action at law or in equity 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. 11 ~5~ ~~ 17. Transfers and Assiqnments. 17.1 Riqht to Assiqn. 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 obligations 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 Assiqnment. The City Manager shall consider and decide on any transfer, sale or assignment within ten (10) days after Developer's notice, provided all necessary documents, 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 approved 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 0# 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 shali be subject to all the provisions~ hereof and shall provide all necessary documents, certifications and other necessary information prior to City Manager approval. 17.4 Developer's Riqht to Retain Specified Riqhts or Oblicaations. 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, 12 ~~~~ ~~ 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 Aqreement 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 been 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. 18. Aqreement 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 Code 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. Bankruptcv. 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, 13 ~ ~~~ q~ 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 Deveioper, shall appear in such action and shall not unreasonably withhold approval of a settlement otherwise acceptable to Developer. 21. Insurance. 21.1. Public Liability and Property Damaqe Insurance. 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 Hundred 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 issuance of any permits for the Project, including grading permits, Developer shall furnish the City satisfactory evidence of the insurance required in Sections 21.1 and 21.2 and evidence that the carrier is required to give the City at least fifteen days prio~ 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. City agrees to cooperate and attempt to facilitate legally-required actions by DSRSD and Zone 7 of the Alameda County Flood Control and Water Conservation District regarding water supply for the Project. 14 ~~ ~ ~ 23. Notices. 23.1. All notices required or provided for under this 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 Na. (925) 833-6651 Notices required to be given to Developer shall be addressed as follows: BJP-ROF Jordan Ranch LLC 5000 Hopyard Road, Suite 170 Pleasanton, CA 94588 Attn: Rob Radanovich Fax No. (925) 467-9919 With copy to: David Gold Morrison and Forester 101 Ygnacio Valley Road Suite 450 Walnut Creek, CA 94596 Fax No. (925) 946-9912 A party may change address by giving notice in writing to the other party and thereafter all notices shall be addressed and transmitted to the new address. Notices shall be deemed given and received upon pe~sonal 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 Understandinq. 24.1 This Agreement constitutes the entire understanding 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: 15 ~~~~ a~ ~ 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. [Execution Page Follows] 16 ~ ~ ~~ 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 DEVELOPER By: Joni Pattillo, City Manager Attest: Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney 1419789.6 BJP-ROF JORDAN RANCH LLC, a Delaware limited liability company By: Fallon-Jordan, LLC, a California limited liability company, its manager . By: MVP Development California, LLC a California limited )iability company, its managing member ~ ~t~ ~ By: Robert Radanovich, member (NOTARIZATION ATTACHED) 17 ~i~ ~~ CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT STATE OF Califomia )SS COUN7Y OF A,(~~~, ) Fle No: APN No: On ~/~ f~ .~-O/ D before me, ~ ~ Q/~~, ~_~~ ~,~- r , Notary Pubiic, personally appeared /~/1 l~r.~, ~- .(~~ ~JGi n v v~ i l_ who proved to me on the basis of satisfactory evidence to be fhe person(s) whose name(s) is/aat subscribed to the within instrument and acknowledged to me that he/~f~t+ey--executed the same in his/~er~ieir authorized capaciry(ies), and that by his,R~er/~heir•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 PERIURY under the laws of the State of Califomia that the foregoing paragraph is true and correct. WITNESS my hand and ofFcial seal. Signature /~([i(~P/I.P~ ~ . ~/,r~,~ -~ - - , DIANE E. BURTON~ COMM. ~1828460 NOTARY PUBLIC ~ CAUFORMA ~ ALMAEDA COUN'fY ~ Comm. E~. OEC. 27, 2012 This area for officiai notarial seal. OPTIONAL SECTION CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons retying on the docvments. Q INDMDUAL ~ co~o~~ o~ce~s) m~~s) Q PARTNER(S) ^ LIMITED ^ GENERAL Q ATTORNEY-IN-FACT Q TRUSTEE(S) Q GUARDIAN/CONSERVATOR Q OlIiER SIGNER IS REPRESENTING: Name of Person or Entity Name of Person or Entity OPTIONAL SEC'TTON Though the data requested here is not required by law, it could prevent fraudulent reattachment of this form. 7HIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TITLE OR TYPE OF DOCUMEfVT: NUMBER OF PAGES SIGNER(S) OTHER THAN NAMED ABOVE DATE OF DOCUMENT Reprndu[etl by Fvst Arnerion Title Cortryany 11/2Q07 ~~ ~~ ~~ Exhibit A Legal Description of Property Real property in the County of Alameda, State of California, described as follows: [ADD] ~3 ~b ~~ Ofder Number: 0192-3484873 Page Number: 8 LEGA~. DESCRIPTION Real properly in the City of Dublin , County of Alameda, State of Califomia, described as follows: BEGINNING AT THE NORTHEASTERN CORNER OF THE FIRST PARCEL DESCRIBED BELOW (98388140), SAID POINT BEING THE QUARTER CORNER OF SECTIONS 34 AND 35, TOWNSHIP 2 SOUTH, RANGE 1 EAST, MOUIVT DIABLO BASE AND MERIDIAN; THENCE ALONG THE EASTERN LINE OF SAID FIRST PARCEL, SOUTH O1° 29' 39" WEST, 223.21 FEET; THENCE SOUTH 00° 46' 42" WEST, 2709.61 FEET TO THE SOUTHEASTERN CORNER OF SAID FIRST PARCEL; TNENCE LEAVING 5AID EASTERN LINE AND ALONG THE SOUTNERN LINE OF SAID FIRST PARCEL, NORTH 88° 30' S2" WEST, 2597.08 FEET TO THE SOUTHWESTERN CORNER OF SAID FIRST PARCEL, SAID POINT BEING ON A NON TANGENT CURVE TO THE LEFT HAVING A RADIAL WHICH BEARS NORTH 62° 31' 08" EAST, A RADIUS OF 399.94 FEET, A DELTA OF 10° 23' S3"; THENCE LEAVING SAID SOUTNERN CINE, NORTHWESTERLY ALONG THE WESTERN LINE OF SAID FIRST PARCEL AND SAID CURVE AN ARC LENGTH OF 72.58 FEET; THENCE NORTH 37° 52' 45° WEST', 428.46 FEET TO A CURVE TO THE RIGHT HAVING A RADIUS OF 399.94 FEET, A DELTA OF 44° 12' 02"; THENCE ALONG SAID CURVE AN ARC LENGTH OF 308.53 FEET; THENCE NORTH 06° 19' 16" EA.ST, 1321.37 FEET TO A NON-TANGENT CURVE TO THE RIGHT, HAVING A RADIAL WHICH BEARS NORTH 83° 40' 20" WEST, A RADIUS OF $00.55 FEET, A DELTA OF 16° 02' 30"; THENCE ALONG SAID CURVE AN ARC LENGT}i OF 224.14 FEET; THENCE NORTN 22° 21' 46" EAST, 500.00 FEET TO A CURVE TO THE LEFT HAVING A RADIUS OF 199.76 FEET, A DELTA OF 19° 23' S4"; THENCE ALONG SAID CURVE AN ARC LENGTH OF 67.63 FEET TO THE SOUTHERN CORNER OF IXCEPTION PARCEL DESCRIBED BELOW (2007257006); TNENCE ALONG THE SOUTHEASTERN LINE OF LAST SAID PARCEL, NORTH 22° 21' 46" EAST, 136.09 FEEf TO THE NORTHEASTERN CORNER OF LAST SAID PARCEL AND NOR7HERN LINE OF SAID FIRST PARCEL; THENCE ALONG SAID NORTNERN LINE, SOUTH 89° 50' 11" EAST, 2565.27 FEET TO TNE POINT OF BEGINNING. BEING THE PARCEL DESCRIBED IlV THE DEED TO FIRST AMERICAN TITLE GUARANTY COMPANY RECORDED ON NOVEMBER 04, 1998 IN DOCUMENT N0. 98388140, OFFICIAL RECORDS OF THE COUMY OF ALAMEDA, STATE OF CALIFORNIA: IXCEPTING THEREFROM THE PARCEL DESCRIBED IN THE DEED TO THE CITY OF DUBLIN RECORDED ON ]ULY 12, 2007 IN DOCUMENT NO. 2007257006, OFFICIAL RECORDS OF THE COUNTY OF ALAMEDA, STATE OF CALIFORNIA. APN: 985-0027-006-03 (Old APN), 985-0027-006-04 (New APN) 985-0027-007-01 (Old APN), 985-0027-007-02 (New APN) FirstAmerican Title g~ ~~ EXHIBIT B Additional Conditions The following Additional Conditions are hereby imposed pursuant to Paragraph 5.3 above. Subparaaraph 5.3.1 - Subsequent Discretionarv Approvals None. Subparaqraph 5.3.2 - Infrastructure Conditions Subsection a. Infrastructure Sequencinq Proqram 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. 10- of the City of Dublin Planning Commission approving Site Development Review and Vesting Tentative Tract Map 8024 for the Jordan Ranch Project for PA 09-011 (hereafter "SDR and VTM Resolution") shall be completed by Developer to the satisfaction of the City Engineer at the times and in the manner specified in the SDR and VTM Resolution unless otherwise provided below. All such roadway improvements shall be constructed to the satisfaction and requirements of City's City Engineer. (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 and 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. Exn~b~c s ~~~ ~ ~~ Recycled water lines shall be installed in accordance with the tentative map conditions of approval. (iv) Storm Drainaqe. 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 Department applying the standards and policies of the City and Zone 7(Alameda County Flood Control and Water Conservation District, Zone 7) that are in force and effect at the time of issuance of the permit for the proposed improvements. Pursuant to Alameda County's National Pollution Discharge Elimination Permit (NPDES) No. CAS0029831 with the California Regiona! Water Quality Control Board, or pursuant to subsequent permits adopted by the Board, all grading, construction and 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. The property is within the Dublin Ranch Eastside Storm Drain Benefit District (G-3 Culvert). Therefore, in accordance with Dublin Municipal Code section 7.74.290, a condition on the tentative map approval requires Developer to pay the applicable benefit charges for the property prior to First Final Map or first bui{ding permit, whichever is earlier. (v) Other Utilities (e.a. qas, electricitv, cable televisions, telephonel Construction sha(I 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 Mav 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 City's Public Works Director that assures completion, allow Developer to defer completion of discrete portions pf any public improvements for the Project if the City's Public Works Director determines that to do so would not jeopardize the public health, safety or welfare. Subparaqraph 5.3.3 - Phasinq, Tirninq Exhibit 8 2 g7~ ~a ~ This Agreement contains no requirements that Developer must initiate or complete development of the Project within any period of 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. Subparaaraph 5.3.4 - Financinq Plan Developer will install all improvements necessary for the Project at its own cost (subject to credits for any improvements which qualify 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. If so required 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. SubparaAraph 5.3.5 - Fees, Dedications Notwithstanding anything to the contrary in this Subparagraph 5.3.5 or this Development Agreement, Developer shall pay any fees required by Subsections a-g at the time such fees are due under the resolutions and/or ordinances establishing and/or amending such fees. Subsection a. TrafFic Impact Fees. Developer shall pay the Eastern Dublin Traffic Impact Fee ("TIF") established by Resolution No. 40-10, including any future, lawfully enacted 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 and in the amount of the impact fee in effect at time of building permit issuance. Subsection b. Traffic Impact Fee to Reimburse Pleasanton for Freewav Interchanaes. Developer shall pay the Eastern Dublin I-580 Interchange Fee in the amounts and at the times set forth in Resolution No. 155-98 or any subsequent, lawfully enacted resolution that 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. ~n~ba B 3 ~g ~ ~ ~ Subsection d. Public Facilities Fees. Developer shall pay a Public Facilities Fee established by City of Dublin Resolution No. 214-02, including any future, lawfully enacted 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 e. Noise MitiQation Fee. Developer shall pay a Noise Mitigation Fee established by City of Dublin Resolution No. 33-96, including any future, lawfully enacted 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 f. School Impact Fees. Schoo! impact fees shall be paid by Developer in accordance with Government Code section 53080 and the agreement between Developer or its predecessor in interest and the Dublin Unified School District regarding payment of school mitigation fees. Subsection h. Tri-Valley Transportation Develoament 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 (TIF) Improvements - Credit City shall provide a credit against Eastern Dublin Traffic Impac# 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 governed by the TIF Guidelines. The TIF inay be paid by credits acquired from third parties subject to City confirmation of the validity of any credit. Subsection b. Traffic Impact Fee Riqht-of-Wav Dedications - Credit Exfiibit B 4 g~ G~G) ~~ 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 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 - Neiqhborhood 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 Administrative Guidelines. Subparaaraph 5.3.7 - Miscellaneous Subsection a. Compliance with Inclusionarv Zoninq Ordinance. Developer proposes residential development on the Property. Pursuant to the City's Inclusionary Zoning Regulations (Chapter 8.68 of the Dublin Municipal Code) ("the Regulations"), developers of more than 20 residential units are required to set aside 12.5% of the units in the project as affordable units as specified. Under the Regulations, certain exceptions permit developers to satisfy the obligation other than through on-site construction. For instance, part of this obligation can be satisfied through the payment of a fee in-lieu of construction. In addition, developers can satisfy their affordable housing obligations by, among other mechanisms, obtaining City Council approval of an alternative method of compliance that the City Council finds meet the purposes of the Regulations. Developer shall satisfy its affordable housing obligation through the following "alternative method of compliance" under City Code Sec. 8.68.040E: (1) The Project will meet affordability goals by providing medium to high density residential units of certain sizes that will promote the City's affordability and Housing Element goals. The City hereby finds that certain types and sizes of townhouse and/or mixed use units in the Project are likely to meet the City affordability standard for "moderate income" units. The Project proposes 197 townhouse and mixed use units at a density of 14.4 and 15.9 units per acre that are likely to meet the moderate-income affordability standard. The 197 units Exhibit B 5 ~~ G ~ ~~ exceed the 12.5% affordability requirement of 98 units based on a total of 780 residential units in the Project; and (2) Developer shall make the following community benefit payments to the City at the time specified, for a total general community benefit payment (independent of the Inclusionary Housing Fund) of Five Million Dollars ($5,000,000.00) Community Benefit Payment Due Date Amount First Payment 90 days after Effective Date of this Agreement $2,000,000. Second Payment 24 Months after Effective $2,000,000. Date of this Agreement Third Payment 36 Months after Effective $1,000,000. Date of this Agreement Total $5,000,000. The Developer's obligation to make the Third Payment in the amount of $1,000,000 is subject to the provisions regarding the Semi-Public Area Rezoning in Subsection 5.3.7(b) of this Agreement. Nofinrithstanding the foregoing, if a legal action is filed by a third party against the City challenging any of the Project Approvals within the applicable statute of limitations period under State Law on or prior to the Due Date for the First Payment, the Due Date for the First Payment shall be the earlier of (i) the date on which the appeal period ends for any trial court judgment or court of appeals decision in favor of the City or order or entry of dismissal of said legal action; or (2) the date on which the Developer submits any application to the City for subsequent approvals or permits to develop the Project ("Revised Due Date for First Payment"). If the Due Date for the First Payment is changed pursuant to this paragraph due to the filing of said legal action, then the Due Date of the Second Payment shall be 21 months after the Revised Due Date for First Payment, and the Due Date for the Third Payment shall be 33 months after the Revised Due Date for First Payment. ~ Through its approval of this agreement, the City Council hereby finds that the "alternative method of compliance" in this subsection 5.3.7(a) meets the ~n~b~t a g ~' 4 ~ ~~ ~ J purposes of the Regulations and will promote the City's affordability and Housing Element goals, and hereby waives the requirements of the Regulations. Notwithstanding anything to the contrary in this Agreement, if any community benefit payment under this Subsection 5.3.7(a) is not received in full by the City by the Due Date for such payment, this Agreement shall, following notice and an opportunity to cure under Section 12.2, automatically terminate and approval of Developer's "alternative method of compliance~ shall become ineffective. Accordingly, in such event, the City will withhold fu~ther issuance of building permits and other approvals until such time as Developer has entered into a binding agreement specifying how it will comply with the Inclusionary Zoning Regulations. Subsection b. Semi-Public Area Rezoninq. The Project includes a 2.7 gross acre semi-public area located adjacent to Central Parkway ("Semi-Public Area"). This area is intended to provide semi-public uses, which include recreational facilities, for Project and City residents. The Developer may apply for a General Plan Amendment, Specific Plan Amendment and rezoning of the Semi-Public Area for another non-public use in the future. Since the Semi-Public Area may not be developed for semi- pub(ic uses in the future, the Developer shall make a One Million Dollar payment ($1,000,000.) to the City General Fund at the time specified below: General Fund Due Date Amount Payment First Payment 90 days after Effective $280,000. Date of this Agreement Second Payment 12 Months after Effective $280,000. Date of this Agreement Third Payment 24 Months after Effective $180,000. Date of this Agreement Fourth Payment 36 Months After Effective $180,000. Date of this Agreement Fifth Payment 48 Months after Effective $80,000. Date of this Agreement Exhibit B 7 ~as ~ ~ ~a Total $1,000,000. Notwithstanding the foregoing, if (i) the Developer has not applied for and obtained City approval of a Genera! Plan Amendment, Specific Plan Amendment and rezoning of the Semi-Public Area for another non-public use on or before 24 months after the Effective Date of this Agreement and (ii) the Developer has paid to the City the full amount of the First and Second Payments for General Fund Payment in an amount equal to $560,000, then the Third Payment of the Community Benefit Payment in the amount of $1,000,000 required under Subsection 5.3.7(a} shall be reduced to $440,000 and the Developer shall not be required to make any further payments under this Subsection 5.3.7(b) that are due on or after 24 months after the Effective Date of this Agreement. Notwithstanding the foregoing, if a legal action is filed by a third party against the City challenging any of the Project Approvals within the applicable statute of limitations period under State Law on or prior to the Due Date for the First Payment, the Due Date for the First Payment for the General Fund Payment shall be the earlier of (i) the date on which the appeal period ends for any trial court judgment or court of appeals decision in favor of the City or order or entry of dismissal of said legal action; or (2) the date on which the Developer submits any application to the City for subsequent approvals or permits to develop the Project ("Revised Due Date for First PaymenY'). If the Due Date for the First Payment for the General Fund Payment is changed pursuant to these provisions due to the filing of said legal action, then the Due Date of the Second Payment shall be 9 months after the Revised Due Date for First Payment; the Due Date for the Third Payment shall be 21 months after the Revised Due Date for First Payment; and the Due Date for the Fourth Payment shall be 33 months after the Revised Due Date for First Payment. Notwithstanding anything to the contrary in this Agreement, this Agreement shall, following notice and an opportunity to cure under Section 12.2, automatically terminate if City has not received any General Fund Payment under this Subsection 5.3.7(a) in full by the Due Date for such payment. Subsection c. Eminent Domain Cooperation Developer is required to construct certain off.-site improvements under the conditions of approval for the Vesting Tentative Map on land for which Developer or City does not have sufficient title or interest at the time of entering into this Agreement. These requirements shall be consistent with the provisions of Government Code section 66462.5. Devefoper shall construct off-site Exhibit B $ q3 ~~~ ~~ improvements for a second public access at such time as the City Fire Department determines that a secohd public access is required to serve a portion of the Project. If this condition cannot be satisfied prior to the recordation of the final map due to insufficient title or interest in property, the City shall require Developer to enter into agreement under Government Code section 66462.5(c) prior to recordation of final map. Developer shall pay all costs, expenses and fees, including, but not limited to, all City attorney's fees and staff time costs, relating to any eminent domain action to acquire offsite property interests required in connection with the subdivision or Project. Subsection d. Bioloaical Mitipation Cooaeration The Parties acknowledge that subsequent to entering into this Agreement, Developer will need to process and obtain various federal and state permits to develop the Rroject which may require site plan modifications. To the extent consistent with City Code Section 8.32.080, the parties anticipate that Developer may administratively process various site plan modifications to the Stage 2 approval to ensure the federal, state and City approvals are consistent. City will use reasonable efforts to attempt to expeditiously process requests for amendments to Project Approvals to address any minor modifications affecting the Project Development Plan due to federal or state permitting requirements. Subsection e. School Site Cooperation The Project Approvals include a lot designated for a school site. City agrees to cooperate with Developer's efforts to satisfy the condition of approval of the Vesting Tentative Map to sell the school site property to the Dublin Unified School District in compliance with the law. Developer acknowledges that if the Dublin Unified School District determines not to acquire the school site, it will need to obtain subsequent legislative and project level entitlements from the City to allow residential or any other non-public uses on the school site. ~ Subsection f. Fal~on Interchanqe Fee Advance. Condition 99 of the SDR and VTM Resolution ("Condition 99") reads as follows: Fallon Road/ I-580 Interchange Improvement Contribution: The developer shall pay a fair share portion of costs advanced by the Lin Family for construction of improvements to the Fallon Road/I-580 Interchange. The advance will be payable at the time of filing of the first final map. The developer's fair share has been determined to be 2.7711 % of the balance of construction funds advanced by the Lin Exhibit B 9 ~~b ~ ~ ~' Family. The amount sha11 be calculated against the then-outstanding balance as of the first final map. City will provide a credit to developers in the amount of developer's advance to be used by developer against payment of Section 2 obligations of the Eastern Dublin Traffic Impact Fee ("TIF"). In accordance with the City's TIF Guidelines (Resol. 20-07), establishment of the credit shall require the payment of an administrative fee. The use of credits (including limitations on the use of credits) and manner of conversion of the credit to a right of reimbursement will be as set forth in the City's TIF Guidelines, subject to the following provisions: (a) the credit shall be granted at the time Developer makes the advance required by this condition; and (b) the credit may be used only to satisfy Section 2 TIF obligations. The advance required by Condition 99 will be based on the total amount advanced to by the Lin Family that remains outstanding at the time that the advance is made, multiplied by .027711. The fair share percentage (2.7711 %) was calculated by determining the percentage that the project's trips bears to the total trips responsible for the interchange. As of February, 2010, the total amount advanced by the Lin Family that remained outstanding was $10,641,943. Since the advance does not bear interest, and since the Lin Family will not be making an additional advances, it is not anticipated that the amount outstanding would increase. Thus, were the advance made in February, 2010, it would be $294,888.24. Subsection q. Fire Impact Fee Advance Condition 118 of the SDR and VTM Resolution ("Condition 118") reads as follows: Fire Impact Fee Advance. Prior to the filing of the first final map, the developer shall make an advance payment of Fire Facilities Fees equal to 5.71 %. of the then-outstanding amounts of the advances made by DR Acquisitions and the City General Fund to construct and equip, respectively, Fire Station 18 and Fire Station 17. The advance will be used to repay a portion of monies advanced by DR Acquisitions, LLC and the City General Fund. City will provide a credit to developer in the amount of developer's advance of monies pursuant to this condition. Developer shall be responsible for the payment of an Administrative Fee to establish the EXn~b~t s 10 I~~ ~~J credit. The credit may be used by devetoper against payment of Fire Facilities Fee on this property or any property where Developer has an interest in the City of Dublin. The amount of the credit, once established, shall not be increased for inflation and shall not accrue interest. The credits with written notice to City, and payment of an administrative fee, may be transferred by developer to another developer of land in Dublin. Other aspects of the credit shall be consistent with the City's Traffic Impact Fee Guidelines. WHEN REQ'D: Prior to First Final Map. The advance required by Condition 118 will be used by the City to reimburse the developer of Dublin Ranch Area A(DR Acquisitions, L.L.C.) for its advance of costs to the Fire Facilities Fee program to construct and equip the new Eastern Dublin fire station (Fire Station 18) and to reimburse the City Generaf Fund for its loan of funds to the Fire Facilities Fee program for Fire Station 17 Construction. The amount of the advance will be based on the total amount advanced to the Fire Facilities Fee Program by DR Acquisitions, L.L.C. and the City General Fund that still remain outstanding at the time that the advance is made, multiplied by the percentage of acreage (5.71%) that the Property (987.9 acres) bears to the total acreage of the Eastern Dublin area (3293.13 acres). The total amount advanced was $8,138,163 (consisting of $5,996,345 advanced by DR Acquisition and $2,141,818 advanced by the City General Fund). The calculated amount of the advances outstanding as of March 2010 is $5,402,371 (consisting of $4,574,381 advanced by DR Acquisitions and $1,804,183 advanced by the City General Fund). This outstanding amount is lower than the total advance because it excludes credits transferred by DR Acquisitions, L.L.C. to other entities and because the City Genera! Fund loan has been repaid as Fire Facilities Fees have been collected. However, because the City loan is interest bearing, the amount outstanding could possibly increase as well as decrease. Thus, for illustrative purposes, had the advance been made in March 2010, it would have been $308,475.38. ~n~b~ a 11