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HomeMy WebLinkAboutReso 133-10 Dublin RE Invest Afford HouseRESOLUTION NO. 133 - 10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ************* APPROVING AMENDED AND RESTATED SUBSEQUENT AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS WHEREAS, Dublin RE Investors, LLC (the Developer) is the owner of two parcels of land within Fallon Village that together are known as Positano and consists of 1,043 residential units; and WHEREAS, an Affordable Housing Agreement is required by the Inclusionary Zoning Regulations of City of Dublin Zoning Ordinance (Chapter 8.68); and WHEREAS, the Developer proposed a comprehensive affordable housing proposal to address the requirements of the Inclusionary Zoning Ordinance for the entire Positano development and said proposal includes alternative methods of compliance with the Inclusionary Zoning Regulations; and WHEREAS, the City Council held a public meeting on October 18, 2005, to review the affordable housing proposal, and the City Council directed Staff to work with the Developer to refine the affordable housing proposal; and WHEREAS, the City and the Developer subsequently entered into an Affordable Housing Agreement for the Construction of Inclusionary Units in the First Phase of the Positano development, consisting of 416 lots, dated June 5, 2007, as amended on June 17, 2008, November 4, 2008, June 16, 2009, October 20, 2009, January 2010, March 25 2010, and August 17, 2010 ("the First Phase AgreemenY'), wherein the Developer agreed to construct a total of 53 affordable units (11 single-family detached homes and 41 secondary units); and WHEREAS, subsequently, the City and Developer entered into a Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated November 4, 2008, as amended on March 25, 2010 ("the Subsequent Agreement"), for the remaining 627 lots of Positano known as the Subsequent Phase; and WHEREAS, the Subsequent Agreement provided that Developer would satisfy its affordable housing obligations in the Subsequent Phase by among other things constructing a 78-unit offsite affordable housing project; and WHEREAS, Braddock and Logan, on behalf of Dublin RE Investors, LLC (the Developer) has determined that the offsite project is infeasible, and has therefore proposed an alternative proposal to satisfy its affordable housing obligations, which includes the construction of 41 1- bedroom, low-income, Second Units in the Subsequent Phase and the payment of a $1,938,760 fee in-lieu of construction; and Page 1 of 2 WHEREAS, the Project has been found to be Categorically Exempt from the California Environmental Quality Act (CEQA); and WHEREAS, a Staff Report dated August 17, 2010, and incorporated herein by reference, described and analyzed the proposed amendment to the Affordable Housing Agreement; and WHEREAS, the City Council did use its independent judgment and consider all said reports, recommendations and testimony. NOW, THEREFORE, BE IT RESOLVED that: A. The City Council of the City of Dublin does hereby find that the alternate method of compliance with the Inclusionary Zoning Regulations contained in the Amended and Restated Subsequent Affordable Housing Agreement (which is included as Exhibit A) and the First Phase Agreement, as amended simultaneously herewith, including constructing 94 integrated and secondary units that will remain affordable in perpetuity, the payment of an fee of $1,938,760 in lieu of construction, and the payment of a prorated share of the $1,000,000 Community Benefit Payment, meet the purposes of Inclusionary Zoning Regulations for the reasons specified in the Amended And Restated Subsequent Affordable Housing Ag~eement For The Construction Of Inclusionary Units And Payment Of Fees In Lieu Of Constructing Inclusionary Housing Units for the Subsequent Phase (627 Residential Lots of the Positano Project ("the Amended Subsequent Agreement") attached hereto as Exhibit A. B. The City Council of the City of Dublin does hereby approve the Amended Subsequent Agreement attached hereto as Exhibit A. C. The City Manager is authorized to execute the Amended Subsequent Agreement attached hereto as Exhibit A including the accompanying memorandum of the agreement. PASSED, APPROVED AND ADOPTED this 17th day of August 2010, by the following vote: AYES: Councilmembers Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None ` ~J ~ ~ ,~,_ ATT "~ ,_ ~ `~ -~_ «1 ~ City Clerk Mayor Reso No. 133-10, Adopted 8-17-10, Item 8.2 Page 2 of 2 ~ a~ ~~~ ~ AMENDED AND RESTATED SUBSEQUENT AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS Dublin RE Investors, LLC and Braddock and Logan Group II, L.P. Subsequent Phase (627 Residential Lots) of the Positano Project THIS AMENDED AND RESTATED AGREEMENT ("the Agreement") is hereby entered into this 17th day of August, 2010 ("the Effective Date") by and among the City of Dublin ("the Cit}~') and Dublin RE Investors, LLC, a California limited liability company and Braddock & Logan Group II, L.P., a California limited parinership (collectively, "the Developer"). Recitals A. Chapter 8.68 of the Dublin Municipal Code contains Inclusionary Zoning Regulations ("the Regulations"). The Regulations were adopted pursuant to Strategy I.B. of the City's General Plan Housing Element, the purpose of which is to create affordable housing opportunities in the City of Dublin for very low-, low- and moderate-income households. B. The City of Dublin adopted the Regulations recognizing that the cost of new housing is so high that persons with very low-, low- and moderate-incomes are increasingly unable to locate affordable housing in the City. The purpose of the Regulations is to achieve a balanced community with housing available at all income levels. C. Accordingly, the Regulations require that residential projects with 20 or more units/lots contain at least 12.5% very low-, low- and moderate-income units/lots_ The Regulations require that the units be constructed in the following proportions: 30% very low- income, 20% low-income, and 50% moderate income. In lieu of constructing 40% of the Inclusionary Units that the Regulations would otherwise require, the Regulations authorize developers to pay a fee, currently set by the City through June 30, 2011 at $102,151 per unit required but not built. If fees are paid in lieu of construction, developers are still required to construct 60% of the obligation. D. Developer is the owner of, or has the right to purchase, certain real property in the City of Dublin generally located east of Fallon Road and more specifically described in Exhibit 1(the "Property"). The Property includes the Subsequent Phase, as defined in Section 2 of this Agreement. E. Developer and its successors-in-interest desire to construct a residential project on the Property that consists of 1,043 for-sale units (collectively "the Project"), and the Project is subject to the Regulations. The Subsequent Phase and the Expanded First Phase are depicted in Exhibit 2. Amended and Restated Subsequent Affordable Housing Agreement for the Positano Project a3 5~ ~ F. On November 8, 2005, the Planning Commission ("PC") approved a vesting tentative subdivision map (PC Reso. No. OS-61) ("the VTM Resolution") to create 1,043 residential parcels, and, on September 11, 2007, the Planning Commission approved Site Development Review ("SDR") for an initial phase of the Project on approximately 72 acres, which includes 247 lots. Developer has filed the first of "multiple final maps" based on the tentative subdivision map, which created 247 residential parcels and is in the process of filing additional final maps. G. Condition No. 2 of the VTM Resolution provides as follows: Inclusionary Zoning: Prior to approval of Site Development Review or recordation of the first phased Final Map, whichever occurs first, the owner or owners of all the property subject to this vesting tentative map shall enter into an Affordable Housing Agreement with the City for the entire Vesting Tentative Map area, which agreement shall be recorded against such area and against any other property where Developer proposes to construct off-site affordable units if approved by the City Council pursuant to Dublin Municipal Code section 8.68.040.B. 5uch agreement shall include but is not limited to providing detail regarding the number of affordable units required, specify the schedule of construction of affordable units, set forth the developer's manner of compliance with City of Dublin Inclusionary Zoning Regulations and impose appropriate resale controls and/or rental restrictions on the affordable units. If the agreement provides for construction of the units off-site, as provided in DMC section 8.68.040.B, it shall require City Council approval and Council findings as required by said section and shall include provision for security adequate to assure completion of the off-site affordable units concurrently with the completion of the construction of the market rate units to be constructed on the lots created by the vesting tentative map. H. Under the Regulations, the City Council may wholly or partially waive the requirements of the Regulations and approve alternate methods of compliance with this Chapter if the applicant demonstrates and the City Council finds that such alternate methods meet the purposes of the Regulations. I. Based on 1,043 units, the Developer's inclusionary zoning obligation under the Regulations would be 130 units (1,043 times 0.125 equals 130.375), and it would be permitted to pay fees in lieu of construction to satisfy the obligation as to 52 units (130 times 0.4 equals 52), leaving a must-build obligation of 78 units. J. In the fall of 2005, as means of satisfying its inclusionary housing obligations for the entire 1,043 unit project, Developer proposed an alternative method of compliance that would result in the construction of a total of 130 inclusionary units. K. Specifically, under its initial proposal, Developer proposed to: (a) build 26 integrated units on 4,000 square foot lots, which would be fully compliant with the Regulations, and would in addition be affordable in perpetuity; (b) build 26 1-bedroom, secondary dwelling units on 6,000 square foot lots, which would be rental units and affordable in perpetuity; (c) build an 88- Amended and Restated Subsequent Affordable Housing Agreement for the Positano Project ~ ~~ ~ unit off-site affordable project consisting of 2 bedroom, 2 bathroom rental apartments, which would include 78 inclusionary units to satisfy the obligations of the Project; and (d) contribute a $1,000,000 community benefit payment to the City. L. Subsequently, the City and Developer entered into an initial affordable housing agreement ("the First Phase Agreement"), dated June 5, 2007, for the first phase of the Project, which consisted of 247 residential parcels, the location of which is shown on Ezhibit 2. That agreement was subsequently amended on June 17, 200$, November 8, 2008, June 16, 2009, October 20, 2009, January, 2010, March 25, 2010, and again concurrently with the execution of this Agreement. As amended, the Fust Phase Agreement expanded the nutnber of residential units subject to the First Phase Agreement from 247 units to 416 units. The 416 units covered by the First Phase Agreement aze referred to as"the Expanded First Phase." M. The First Phase Agreement as amended satisfies the affordable housing obligations solely as to the Expanded First Phase and provides that further development beyond the Expanded First Phase would require a subsequent affordable housing agreement. N. Accordingly, the parties entered into that subsequent affordable housing agreement ("the Original Subsequent Agreement"), dated November 4, 2008 and amended on March 25, 2010, that sets forth the additional affordable housing obligations for those portions of the Project outside of the Expanded First Phase. O. The Original Subsequent Agreement provided that Developer would satisfy its 130 inclusionary unit obligation for the Project by (a) constructing a total of 130 inclusionary units as follows: (i)18 integrated inclusionary units, which would be affordable in perpetuity, rather than for 55 years as the Regulations require ("Integrated Units"), (ii) 34 1-bedroom, secondary dwelling units, which would be rental units and affordable in perpetuity, rather than for 55 years as the Regulations require ("the Second Units"), and (iii) 78 oi~ site affordable rental units; (b) making a community benefit payment prior to issuance of each building pemut equal to $958.77 (which amount is calculated based on the proposed $1,000,000 contribution divided by the 1,043 units proposed in the Project); (c) including rear yard landscaping and energy efficiency measures to reduce the homeowners' cost of living in the 18 integrated inclusionary units; and (d) incorporating green building principles into the 130 inclusionary units. P. Developer has determined that it is infeasible to consiruct the 78 off-site affordable rental units, and it has, following further discussions with City staff, proposed the following alternate method to satisfy its 130-unit obligation for the Project: (a) constructing a total of 94 units as follows: (i) 2 integrated inclusionary units (1 low income and 1 moderate income), which are or would be affordable in perpetuity, rather than for 55 years as the Regulations require ("the Integrated Units"), (ii) 21 studio and 71 1-bedroom, secondary dwelling units (1 very low income and 70 low income); (b) paying a fee (in three installments) of $1,938,760 in- lieu of construction of inciusionary units; (c) making a community benefit payment prior to issuance of each building pernut equal to $958.77 (which amount is calculated based on the proposed $1,000,000 contribution divided by the 1,043 units proposed in the Project); (d) including rear yard landscaping and energy efficiency measures to reduce the homeowners' cost Amended and Restated Subsequent Affordable Housing Agreement #or the Positano Project ~~ ~"f~ ~ of living in the 2 integrated inclusionary units; and (e) incorporating green building principles into the 130 inclusionary units. Q. The City Council hereby finds that the alternate method of complying with the Regulations for the Project, as set forth below and in the First Phase Agreement as amended, meets the purposes of the Regulations, because it results in the creation of inclusionary units (94) in excess of the Developer's must-build obligations under the Regulations (78), because the proposal includes deeper affordability than required under the Regulations (71 low income versus the 16 required), and because the in-lieu fee payment will be made earlier than otherwise required by the Regulations. R. The parties wish to amend and restate the Original Subsequent Agreement in order to incorporate Developer's revised alternate method of complying with the Regulations. NOW, THEREFORE, in satisfaction of the requirements of Chapter 8.68 of the Dublin Municipal Code, in partial satisfaction of condition 2 of the VTM Resolution and in consideration of the City's approval of the Proj ect, Developer and City for themselves and their respective successors and assigns hereby agree as follows: 1. .Amendment and Restatement. This Agreement amends and restates the Original Subsequent Agreement in its entirety. 2. Definitions and Interpretations. Terms used in this Agreement shall be defined as set forth in Chapter 8.68 of the Dublin Municipal Code. 3. Developer's Compliance with Affordable Housing Obli~ation. Developer intends to complete the Project in multiple phases. Section 8.68.030 of the Regulations requires that all affordable units in a project be constructed concurrently with a project or phase of a project. The City hereby finds that adherence to the following schedule of construction for the Inclusionary Units would constitute construction of the Inclusionary Units concurrently with the market rate units in the Project as required by Section 8.68.030 of the Regulations. a. Expanded First Phase (Initia1416 Residential Parcels). The First Phase Agreement, as amended, requires that the Developer will satisfy its 52-unit Affordable Housing Obligation for the Expanded First Phase, which is depicted in Exhibit 2, by (a) constructing 53 Inclusionary Units (1 1-bedroom, very low-income, Second Units; 21 studio, very low-income, Second Units; 29 1-bedroom, low-income, Second Units; 1 4-bedroom, low-income Integrated Unit; and 1 4-bedroom, moderate-income Integrated Unit); and (b) making a$958.77 community benefit payment prior to issuance of each building permit in the Expanded First Phase. b. Subsequent Phase (627 Residential Parcels). Developer has identified a 627-1ot portion of the Property that is referred to herein as the "Subsequent Phase." The Subsequent Phase is depicted in Exhibit 2 and consists of the neighborhoods that are referred to as Neighborhood C3 (a portion), Neighborhood D1, Neighborhood D2, Neighborhood D3, Neighborhood E1, and Neighborhood E2. Developer will satisfy its Affordable Housing Obligation for the Expanded First Phase by (a) constructing 41 1-bedroom, low-income, Second Units; (b) paying in-lieu fees as provided in Section 4 of the Agreement; (c) making a$958.77 Amended and Restated Subsequent Affordable Housing Agreement 4 for the Positano Project ~ ~ ~ ~ C, ~ coznmunity benefit payment prior to issuance of each building permit in the Subsequent Phase (excepting Second Units) as provided in Section 5 below. i. Exhibit 3("the Location Diagram") depicts the location of the 41 1-bedroom, Second Units to be constructed in a portion of the Subsequent Phase known as Neighborhoods C3, Dl, and D2. Developer may request that the Community Development Director approve changes to the Location Diagram that alter the location of the Second Units. Upon the Community Development Director's approval, which shall be administrative, the revised Location Diagram shall be automatically incorporated into this agreement as Exhibit 3, replacing the previous Exhibit 3. In approving any revised Location Diagram, the Community Development Director shall find (a) that the Location Diagram shows 20 Second Units in Neighborhood C3, 10 Second Units in Neighborhood D 1, and 11 Second Units in Neighborhood D2; and (b) that the Inclusionary Units are "reasonably dispersed" throughout Neighborhoods C3, D1, and D2, as required by Section 8.68.030.E of the Regulations. c. If the Building Official or Community Development Director determines that the Inclusionary Units have not been ox are not being constructed in the locations depicted on E~chibit 3 or have not been or are not being constructed concurrently with the market-rate units in Neighborhoods C3, D 1, and D2 as required by this Section 3, the Building Official shall withhold further issuance of building permits in the Subsequent Phase until construction of the Inclusionary Units has been completed to the satisfaction of the Community Development Director. 4. In-Lieu Fees. Developer shall pay in-lieu fees of $1,938,760 in partial satisfaction of its obligation to construct 130 Inclusionary Units within the Project. The payments shall be made in installments as follows: First Payment Second Payment Third Payment Total 90 days after Effective Date $775,504 of this Agreement 24 Months after Effective Date of this Agreement $775,504 36 Months after Effective Date of this Agreement $387,752 $1,938,760.00. If Developer fails to make any of the installment payments when due, the City may, until such installment payments are made, withhold any authorizations or services to the Project, including, but not limited to, the issuance of building permits, occupancy authorizations, and the processing and approval of final maps. Developer hereby agrees that it will not assert the provisions of Government Code section 66458 to require the City to approve additional phased final maps until such time as it have made any installment payments under this section that have come due. 5. Community Benefit Pavment. As provided in Section 3(b) above, Developer hereby agrees to make a$958.77 community benefit payment prior to issuance of the building Amended and Restated Subsequent Affordable Housing Agreement for the Positano Project ~~D ~ ~ permit for each residential unit (excepting Second Units) in the Subsequent Phase. The community benefit payment required by this Section shall be in addition to the $2,396.93 community benefit payment required by the Development Agreement for the Fallon Village Project between Developer and the City, dated December 20, 2006. 6. Inclusionar~Unit Design, Location, and Size. a. Exterior Materials and Exterior Architectural Desi~n. The exterior materials and exterior architectural design of the Tnclusionary Units shall be consistent with the Project's market-rate units upon their review and approval through the Site Development Review by the Planning Commission; provided, however, that minor changes to unit size may be approved by the Community Development Director through a Site Development Review waiver. b. Unit Location. Consistent with Section 8.68.030 of the Regulations, the Inclusionary Units shall be dispersed throughout the individual phase in which they are constructed. c. Green Building Principles. Construction of the Secondary Units shall incorporate Green Building Principles by meeting the minimum requirements for a green home set forth in the "Single Family GreenPoint Checklist" attached hereto as Exhibit 4. ~ d. Unit Bedrooms and Size. The developer proposes to provide: 41 low- income, 1 bedroom, Secondary Units. The City hereby finds that, while this breakdown does not reflect the range of numbers of bedrooms provided in the Project as a whole, as required by Section 8.68.030.E of the Regulations, the Developer's alternate method of compliance meets the purposes of the Regulations. 7. Re~ulatory Agreements. Developer shall require the initial buyer of each parcel on which one of the Secondary Units is located to execute, and record against the parcel, a Secondary Unit Regulatory Agreement in substantially the forzn attached hereto as Exhibit 5. Developer shall ensure that the initial buyer attends an orientation session, provided by an independent third party approved by the City, that describes the requirements of the Secondary Unit Regulatory Agreement 8. City Administrative Fee_ Prior to the City's execution of either the Resale Agreement or Second Unit Regulatory Agreement, Developer shall pay the City a City Administrative Fee, in an amount to be established from time to time by the City Council and which is currently set at $1,500 per transaction. 9. Term. This Agreement shall be effective until all Inclusionary Units in the Subsequent Phase are constructed, sold, and subjected to resale restrictions approved by the City pursuant to the terms of this Agreement; and the Developer has satisfied the requirements contained in sections 4 and 5 of this Agreement. 10. Memorandum of A~reement to be Recorded. Developer and City shall execute and acknowledge a Memorandum of this Agreement ("Memorandum") substantially in the form Amended and Restated Subsequent Affordabls Housing Agreement for the Positano Project o~a~ ~ attached hereto as Exhibit 6, and City shall cause the Memorandum to be recorded in the Official Records of Alameda County upon its execution. 11. A~reement Runs with the Land. 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 aIl 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 (a) is for the benefit of the Property and is a burden upon the Property, (b) runs with the Property, and (c) is binding upon each Party and each successive owner during its ownership of the Property or any portion thereof, and shall be a benefit to and a burden upon each Party and the Property hereunder and each other person succeeding to an interest in the Property. 12. Assi~nments and Transfers. a. Ri~ht to Assi~n. 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. Notwithstanding the foregoing, provided notice is given as specified in. Section 19, no City approval shall be required for any transfer, sale, or assignment of this Agreement, in whole or in part, to any entity or group, a majority interest of which is owned or held under common control with Developer ("Affiliate"), provided that in the event of a partial transfer, Developer has, at the time of the transfer, complied with all obligations of this Agreement then required or provided evidence satisfactory to the City Manager demonstrating that the remaining obligations have been allocated between Developer and Affiliate. b. Approval and Notice of Sale Transfer or Assig~nment. The City Manager shall consider and decide on any transfer, sale or assignment within ten (10) days after Developer's notice thereof, 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 assigned 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. c. Effect of Sale, Transfer or Assignment. Developer shall be released from any obligations hereunder sold, transferred or assigned to a Transferee pursuant to Section l l.a of this Agreement, provided that: a) such sale, transfer or assignment has been approved by the Amended and Restated Subsequent Affordable Housing Agreement for the Positano Project ~~ ~ ~1~ ~ City Manager pursuant to Sections 12.a and 12.b; and b) such obligations are expressly assumed by Transferee and provided that such Transferee shall be subject to all the provisions hereof. d. Termination of Agreement Upon Sale of Individual Lots to the Public. Notwithstanding any provisions of this Agreement to the contrary, the burderis of this Agreement shall terminate as to any lot which has been finally subdivided and individually (and not in "bulk") 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. 13. Successors. Except as specifically provided in this Agreement, this Agreement shall bind and inure to the benefit of all successors and assigns of the parties and any associates in interest, and their respective directors, officers, agents, servants, and employees, and the successors and assigns of each of them, separately and collectively. Developer shall provide notice to the City of the names and mailing addresses of any such successors or assigns. 14. Hold Harmless. Developer shall hold City, its elective and appointive boards, commission, officers, agents and employees harmless from and against any or all loss, liability, expense, claim, costs, suits, damages of every kind, nature and description directly or indirectly arising from the performance of the obligations or undertakings of Developer pursuant to this Agreement. Developer shall defend City and its elective and appointive boards, commission, officers, agents and employees from any suits or actions at law or in equity for damages caused or alleged to have been caused, by reason of any of the obligations or undertakings of Developer pursuant to this Agreement. It is further provided that this hold harmless agreement shall apply to all damages and claims for damages for every kind suffered, or alleged to have been suffered, by reason of any of the obligations or undertakings of Developer pursuant to this Agreement. 15. Enforcement. If the Developer defaults in the performance or observance of any covenant, condition, restriction or obligation of the Developer as set forth in this Agreement, and such default remains uncured for a period of thirty (30) days after notice thereof is given by the City (or such longer period as may be necessary to cure the default, provided that Developer commence the cure within the thirty (30) day period and diligently prosecutes the cure to completion), the City may take any one or more of the following steps: a. By specific performance or other action or proceeding at law or in equity, require the Developer to perform its obligations under this Agreement or enjoin any acts or things which may be unlawful ar in violation of the rights of the City hereunder. b. Take such other action at law or in equity as may appear necessary or desirable to enforce the obligations, covenants, conditions and restrictions of the Developer under this Agreement. c. If Developer transfers any portion of the project in bulk and a Transferee defaults under this Agreement, the City shall exercise the foregoing remedies only with respect to the defaulting Transferee and its portion of the proj ect; and so long as Developer has not otherwise defaulted hereunder, the City shall not seek to exercise any rights and remedies against Developer. Amended and Restated Subsequent Affordable Housing Agreement for the Positano Project f ~7~~~ 16. Attomevs' Fees. If legal action is necessary to enforce any provisions of this Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and legal costs. 17. Amendments. This Agreement shall be amended only by a written instrument executed by the parties hereto or their successors in interest and duly recorded in the Official Records of the County of Alameda, California. 18. Corporate Authoritv. If either party is a corparation, each individual signing this Agreement on behalf of that corporation represents and warrants that each of them is duly authorized to execute and deliver this Agreement on behalf of the corporation and that the Agreement is binding on the corporation in accardance with its terms. 19. Notices. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to CITY shall be addressed as follows: City Manager City of Dublin 100 Civic Plaza Dublin, CA 94568 Notices required to be given to DeveIoper shall be addressed as follows: Jeff Lawrence Dublin RE Investors Braddock & Logan Group II, L.P. 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 party 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. 20. Exhibits. The following documents are referred to in this Agreement and are attached hereto and incorporated herein as though set forth in full: Exhibit 1 Property Description of the Property Exhibit 2 Diagram of the First Phase and Subsequent Phase of the Project Exhibit 3 Form of Diagram and Location of Inclusionary Units in the Subsequent Phase of the Project Exhibit 4 Single Family GreenPoint Checklist Amended and Restated Subsequent Affordable Housing Agreement 9 for the Positano Project ~~~~ ~ ~~ ~ Exhibit 5 Form of Secondary Unit Regulatory Agreement Exhibit 6 Memorandum of Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Housing Units 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_ Joni Pattillo, City Manager Attest: Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney DUBLIN RE INVESTORS, LLC a California limited liability company By: Braddock and Logan Services, Inc. a California corporation Its Manager By: Name Ja s~~, 6. 2oP~.~1 Its: (~,,. s,~{,,- BRADDOCK & LOGAN GROUP II, L.P. A California limited partnership By: Braddock and Logan Services, Inc. a California corporation Its General Partner By: N : 7'a ~•~~ 6. Rd~~, Its: ~,~>a.Q.,~@~ 1481526.4 Amended and Restated Subsequent Affordable Housing Agreement 10 for the Positano Project ~,~ ~ ~ ~~o ~ 19319-O1C 7/30/2010 EXHIBIT POSITANO SUBSEQUENT PHASE: ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE CITY OF DUBLIN, COiJN"TY OF ALAMEDA, STATE OF CALIFORNIA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: PARCEL B-1 AS SAID PARCEL IS SHOWN ON T'F~ MAP OF TRACT 7853, FILED IN BOOK 303 OF MAPS AT PAGES 1 THROUGH 5, A PORTION OF RESULTANT PARCEL B-2 OF LOT LINE AD7USTMENT LLA-10-01, APPROVED BY THE CIT'Y OF DUBLIN IN CERTIFICATE OF COMPLIANCE RECORDED IN SERIES NUMBER 2010-80274, AND A PORTION OF RESULTANT PARCEL D-1 OF LOT LINE ADJUSTMENT LLA-08-O5, APPROVED BY T'HE CITY OF DUBLIN IN CERTIFICATE OF COMPLIANCE RECORDED IN SERIES NUMBER 2008120732, ALAMEDA COIJNTY RECORDS, EXCEPTING THEREFROM THE FOLLOWING: THE LOTS DESIGNATED AS LOT 1 THROUGH LOT 7 OF THAT CERTAIN MAP ENTITLED "TRACT 7855" AND TF~ LOTS DESIGNATED AS LOT 1 THROUGH LOT 23 OF THAT CERTAIN MAP ENTTTLED "TRACT 8051" ALAMEDA COUNTY. SAID AREA BEING MORE DEFINED AND PARTICULLY SHOWN ON THE EXHIBIT ENTTTLED "POSTTANO PROPERTY BUII,DOUT PHASES EXHIBIT" END OF DESCRIPTION A PORTION OF APN'S 985-0028-007-02, 905-0002-003, 985-0075-004 & 985-0075-010 mACKnY~somps CML ENGINEERING~LAND PLANNING~ LAND SURVE`riNG 5142 Ronk4n Drive Suite B, Pleasmton, CA. 94588-3355 (925j 225-0690 P:\19319VegaIs~DESCRIPTiON -AFFORDABLE IJNIT IOCA'CIONS.DOC Fvl~il~;+ 1 ~ , I PARCEL 2 ~ ~ i ~ PARCEL MAP 8327 ~ ~ ~ (298 M 14-17) ~ _ _ 1 • ~ _ ~~ I - - - - - -~ \ ~ ~_ __ __ ; p~ 250' 500' ~ ~ ooo' % PoRnoN oF `~ r RESULTANT PARCEL PaRCEL ~- t ~ SCALE: 1" =50Q' I ~ B-Z 7RAGT 7854 ~ t303 M 6-15) ~ PAGE 1 OF 2 ~ ,~ . LLA 10-01 i SERIES N0. , ~ , • ~ 2010-080274 - ' . __ . I .~ _ .. _ _ _ , DUBIJN RANCH _ ~ RESULTAt~ff RESUL7AN7 PARCEL D-] I PARCEL B LLA N0. fl8-OS SERIES NO. RESUL7ANT PARCEL C-2 SERIES N0. ~ 2007-200946 LLA N0. t0-01 2008-120732 ~ SERIES N0. ~ , 2010-080274 ~ ' tTRAC7 80371 ~w..-, :_ ~ ~ - - _ ~ • \ _ RESULTAN7 PARCEL A-2 / \, . . • LL4 N0. 09-04 ~ poRnoN_ oF i zoio~oasssz i.. . ~ RfSULTANT PARCEL D-1 ~~ (TAAC7 H036) ~``~_ _ ~__ LLA NO 08-05-_ ~. ,~, ~ 1 ;, ~, - , s~xrES nro. '1 ~_ y; 1~ ~ 2on8-~2o~32 i ,( ~ - POR110N OF . __ ~ ~ ~ ~ `y~ pRNE ~ ,~ . ~~~~t~~ ;~ RESULTANT PARCEL ~ ^ ,~'r~,~-r-~~r i i i ii1~ '~.~r~,°`~c~'`~ `, ~~.-~- - -B-2 _ _ _ j I ~ i~ iiiii ii i~i ~ '`. I i i ~JJ-LL1111~~- /~~ ' TRACT 8034 [/A__ ~Q-Q1_ ~ ~ i ~}~Two ~ou~TT ~ ~-~,~' cao~ t~ sa s7~ ~ SERIES N0. ~ ~ 1 I 1 I I~ I I N~~ L1J_L-v ~~`~ 2010_080174 ~ I ~ l~ry'"~~''f i ~-1J.-~`~'~ f-_ ~~ ~1~-~-~~~ C~ a~~' ~ ~ f i~ 1 I I 1 I I I ~--~-~w~-~ 1'-J t-_ , i i~ 1~. ~~~a ~~ - / \ ~~ ~ ~L11JJJJ L__.~--~aL -- TRACT 7951 ~Y ~>\,a . ~ PALATINO COURT ~Q~ - ~ K ~ 7+ . . ....... .. .~~~~~.~.~~- ~ r-r~~-,~~-r1 4--- F-~o~---~--- 1305 M 40-43) ~oY ~2 ~~. ~ , _ -_ ~ ~~ ~ ~ TRACf 7854 _~zr--+_~ ~-~-~ `~ ~ ~~;~~ -3~lF . .~ . ~ ~~ ^ . ~ mF~~ j (303 M 6-15) a~~- ~" ~ ~~-c~'~ ~V~,~~~.~~ ~y~ /- ~ ~~~ ~ ` ~ ~ ~~ < ` ~ ,~~ -1?a. l I LLLLLJ i-' .X~ l.i ~~ '~ ~~y „ ~ ~ >~~~ ~ ~~~ ~~rrrei.~w+ co~ ~., ) ,~ viA~\ ~„ ~ y~~.~At ~~:~-~ c~ 1~n1 ~`~rrrrrt ~ ~~ ) \ Y ~ ~f- ~~'(~ ~ 1 I I I I I I ~~--~~A^~ ~ t~ r~~ p~ ~~~)~ I CW7 o -c ~ \ \\ y ~ • v~ Q~~~('C 'A ~ L1111~v~ ' Y~ \ ,~\ \/~i A~~%~'C ~~~ ~ Q ~~F---~~ ~ ~ ~ ~,2, ~ `~.~ ~. 0~. ~ J ~ 5i~-~ ~ . ~ >~`~l ~„y. qo .,~'~~v ~C ~ ~-- ~ ~ w ~ ~ \\\ ~ i~~~ ~v~~.\~~ ~~vv^ ~<~)-?'C~~~~~ ~~~` N Y ~f \ i ~~ ~ ~ ~ r \v~k~~~~\ ~~~~~' /~("~i TRACT 7H53 ~,~ ~i- _ _ T~v/'~p~~• ~ i I ~ -.. y ~i ~~ ~~ (303 M 1-5) •~ ~ ~' _ .~ ~B~ i i ~ ~~~ ~ , ~ . , r, ~'R~` ~/ ~ ? ~'Q ~ ~ ~ ~ ~ /' ,`'C ~ 4~~`t~~~~L ~~~~_ ~ ~~~~~~ ~ i ~ ~ . > ~'~~ ~~. _ ~~ / i I 7R,4C7 7142 ~ i i ~--~`-J` 'L1 ~~-rr ._ `';~ ~~ t251 M 5-101 ~\ i /r-Y -{~ L'~11i~ ~~.. J ( ~ -~ f---~-----------~J----------- v i BJP ROF JaRDAN RANCH LLC SER1E5 N0. 20a8-148d49 PLAT FOR POSTTANO ~~~ ~ ~~S "5UBSEQUENT PHASE» CML ENGINEERING~LAND PLANNING~LAND SURVEYING pORTION OF RESUI.TANf PARCEL 'B-2' OF LLA-10-01, N0. 201D-080274 pleasanton, CA (925) - 225-0690 ~ PORiION OF RfSULTANT PARCEL 'D-1' LU-08-05, N0. 2008-120732 D~WN DATE SCALE JOB N0. ~ PARCEL B-t UF TRACT 7853 ~~ W~ ~~, ~~ cuFOr+NN IBM 07-30-10 1"=500' 19319-O1C 7-30--1010 i~: 1,~47 mmcdella+ F. ~19319~Na\LU Parcd B7 d~ C2~LU Parcel B-2 ~ C-2dwg ~b~~ N , :~ o~ 250~ 500' ~ ooo' D~.SDN ~c JONES SCALE: 1"=500' SERJES N0. 2007-27973] J~ PAGE 2 OF 2 ~: ~ i i < i i ~ i i ~ ~ ~ ~ i i ~\ ~/ ~ i .\\\ i i ~ ~ i ~ ~ .\\\ /~ < a.__-_____' ~ ~ T W zpm ~zn 0.~0 _i ~ui°o N Q 4 C a n ~ u v PLAT FOR POSITANO ~~~~ ~ ~0~~~ ~~SUBSEQUENT PHASE~~ CML ENGINEERING~LAND PLANNING~LANO SURVEYING R6ULTANT PAFtCEL 'B-2' OF LLA-10-O1, INSTRUMENT N0. 2010-080274 Pleusanton, CA (925) - 225-0690 ~ ppHitON OF RESULTANT PARCEL 'D-1' INSiRU1~ENT N0. 2008-120732 p~q~yN DATE SCALE JOB N0. CIlY OF DUBLIN COUN7Y OF AIAMEDA CALIFORNIA IBM 07-30-10 1"=500• 19319-o1C 7-30-?O10 14.•13.•47 mmcdellon P: ~T9319~Na\LU Porcel B2 ~ C1~LL.1 Porce/ B-2 ~4 C-2.dwg I CRDAfC S~RJ~S NO. 79-229985 I ------~ ~--- 1 ~ , /~ ' /~ ~ ~ ~ ~ ~ N 7-30-2410 17:2627 mmccleilan P:\19519\ezhibilf\Exh-POCitano Praperly Oescnption Subsequenl Phafe-REV7-17-10.dwg ase ----~ ~ ---~--~ ~OSZtd~20 DUBLIN, CALIFORNIA POSITANO PROPERTY DES CRIPTION BUILDOUT PHASES ~ a~ 300' 600' tzoa~ ~~ i9319-0 ~ ~ tr. ~ ~~ ~ Subsequent Phase: Affordable Unit Locations I Neighborhood Key I 19319-01 LEGEND ~ ~ ~ Np.~ ~D~o~' Fapaoded F"vrt Plux AFFORDABLE LOT LOC.ATIONS: Low taeomy X OueHodmumSecoodUeih (41j ~~~~ rnx ct~•uno nnwrc.wo sua.crr+c vtb~wnort u wsee (ass) us-oeao FYh;h;t 2 ~ rr ~ G~ ~ Single Family GreenPoint Checklist date: The GreenPoint checklist tracks green features incorporated into the home, The recommended mini- mum requirements for a green home are: Earn a total of 50 points or more; obtain the following minimum ' points per category: Energy (11), Indoor Air QualitylHealth (5), Resources (6), and Water (3); and meet the prerequisites A.3.a ~50°o construction waste diversion) and N.1 (Incorporate Green Points checkiist in blueprints). I:i° _:~~., . C~:.! ~'1 ~~: 8i, I.t... ~~~a;::0 h:,i~~. 3i.. i.~..~f'~.~;r,C ~:l I`lg ....s t.i:'1f.' ~(it'~S:fi.t,-:~ ~ l_.o: ~1 ~..'~.~~-'~:: t;~:;;:=tin-; ,~raEi;:~:le ai wtv:,~.buil~iita~e~r.vro. ~~`:1 Build Ifi Gre+en 5ma~! Sc~~~ 1:r; ~s ~ rcr;; il;~~ 5: ~~;; ~~; ;;~ _.~. ~ _~ ~ q 1,, ~.~.,. , y ~ ; 1 ~~ ~ ~ ? ~ ~ ~ ~ ~i t 3 ~b ~ L~ ;~ !~ ~6 ~ ~ ik ` _ .., S~ ~ a ' __.r. B.LAND5CAPING - ' _ . _ ' P.ossible Points 1. Conswct ResourcrEffcient Landscapes ^ a. No lnvasive Species Listed by Cal-IPC Are Planted , 3 = _ . , _. _._ ..... ^ b. No Plant 5pecies Wll Require Hedging ....._ a..? _. . ._. ^ c. 75°0 of Plants Are Califomia Natives or Mediterranean Species t ^ 2. Use Fire-Safe Landscaping Techniques '- 3. Minimize TudAreas in Landscape Installed hy Builder ^ a. All Turf Wiil Have a Water Requirement Less than or Equai to Tall Fescue ( ` Z ^ b. Turf 5hall Not Be Installed on Slopes Exceeding 10°/ or in Areas Less Ihan 8 Feel4Vde ? Z ^ c. Turf is <33% o( Landscaped Area ~ ' f 1 ^ d. Turf is <1 D ~o of Landscaped Area i 1 4. Plant Shade Trees 1 ~ 7 5. Implement Hydrozoning: Group Plants by Water Needs ~ 6. Install High-Efficiency Irtigation Systems ^ a. System Uses Only Low-Flow Drip, Bubblers, or Low-flow Spnnkiers ( ' ? . ,... _. . : _ _ _ _. ^ b. System Has Smart (Wealher-Based) Controllers E 2 ^ 7. Apply Two Inches of Compost in the Top 6 to 12 Inches of Soil ! 2 ^ 8. Muich NI Planting Beds to the Greater of 2 Inches or Loal Water Ordinance Requirement ~ - ^ 9. Use 50°~ Salvaged ar Recycled•Content Matedals (or 50 % of Non•Plant Landscape Elements 1 ^ 1D. Reduce Light Pollutlon by Shielding Fixtures andlor Direding Light Downward C. FOGNllAT'(Oti " '' `' ' , Possible Points ~^ 1. Incorporate Recycled Flyash In Concrete '~"°""""` `"'"'""__. _..._.r.~..~.,..._ ^ a. Minimum 20% Flyash ' - . ^ b. Minimum 25% Flyash _~ V ___ ! - ___._ __u ~.._~- --___._ _ _..~~____ ~ 2. Use FrosRProtected Shallow Foundation in Coid Areas (C.E.C. Climate Zone 16) ' ~ _______.___..-__ _______._____ __~_._...~...._.~ ___.,~-_.~~_--_. ^ 3. Use Radon Resistant Construction pn Ac•Risk Locations Only) ~~~~ ~ ~_ - D. STRtiCTLTItAL FRANiE'& BLALDI~G'EIVYELOPE ~, _~,____~__ _,_ ___,______,:~ Possibie Points 1. Apply Optimal Value Engineering ^ a. 2x4 Studs at 24-Inch On Center Framing ` -~ .. .. _ ^ b. Door and Window Headers Sized for Load ; - _._ ^_ c, Use Onty Jack and Cnppie Studs Required for Load _~_T _.______.___..._.___,___.__ _.~..._ y Single-Family GreenPoint Checklist 2006 Edition Page 1 of 4 Exhibit 4 ~~ ~~ ~ ---- y_ _ ~ c ~ s a ~ ~ ~ E ` _ ~ E m ~ °m ~ .___ U W a ~ ~ '~ -_ . . ... . .._.__ ... . __. ..._.:. . . ...... ...._.. ........ _ _.._...._ .... ..... _... 2. Use Engineered Lumber ^ a. Beams and Headers ' ^ b. Insulated Engineered Headers i ^ c. Wood I-Joists or Web Tiusses for Floors ' ^ d. Wood l-Joists or Rafters ? ^ e. Engineered or Finger-Jointed Studs for Vertical Appiica6ons ______..__......__._ ._.__._..-------.--- ; ' " _..____. __.__._T __._~ ._ _._.._~.._.. r_. _ _---..___._____ 3. Use FSC-Certified Wood ^ a. Dimensional Studs: Minimum 40°!0 1 ^ b. Dimensional Studs: Minimum ; ~°;o ,„ ~ ^ c. Panel Products: Minimum 40% - ^ d. Panei P~duds: Minimum 70°'o Y_ ~ ^ 4. Design Energy Heels on Trusses p5 % of Attic Insulation Height at Outside Edge of Exterior Walq _ ^ 5. Design Trusses to Accommodate Ductwork _ ----.___. _.._ - -- __ _ ----- ` 1. i $ ----- ----------__ -- --------- 6. Use Oriented Strand Board (OSB) ^ a. Subfloor ~ ? - " _ _ .._ .. _. ^ b. Sheathing ~ _~ ~ ~ ~ 7. Use Recycled-Content Steel Studs for 9D % of Interior Wa11 Freming ____ __ 8. Use Solid Wall Systems (Includes SIPs, ICFs, 8 Any Non-Stick Frame Assembly) ^ a. Floors ? ` 2 ' _ _ .. ^ b. Walls 2 ~ _. ._ _ _~. ......~__~__~_. ~ _ _ ^ c. Roofs , ' 2 i ~ ^ 9. Thermal Mass Walls: 518•Inch Drywall on All Interior Walls or Walis Weigh more than 40 Iblcu.R ~~ ' 1 10. Design and Build SWcturet Pest Controls ^ a. Install Termite Shields & Separete All Exterior Wood-to-Concrete Connecfions ~ ~ 4 ; 1' by Metal or Plastic FastenerslDividers , , t ...__? , ^ b. Ail New Plants Have Trunk, Base, or Stem Located At Least 36 Inches from Foundation ~~~ ~ ~ ~ 11. Reduce Pollution Entering the Home from the Garage ~ ^ a. Tightly Seal lhe Air Barner beiween 6arage and Living Area ~ ~ ? ^ b. Install Separate Garage Exhaust Fan ~~~ ~ =' 12. Install Overhangs and Gutters ~ ^ a. Minimum t6-Inch Overhangs and Gutters '„,, 3 ? ' ^ b. Minimum 241nch Werhangs and Gutters ~_ i ~ E. ~YTEItIOR FL~tISEI T Possible Points ^ 1. Use Recycled•Content (No Yrgin Plastic) or FSGCertified Wood Decking i i 2' ^ 2. Install a Drainage Ptane (Rain Screen Wall System) ~' 3. Use Durable and Non-Combustible Siding Matedals ~. 4. Select Dureble and Non-Combustible Roofing Materials 's 1: Passible'Paints 1. Distribute Domestic Hot Water Efficiently ^ a. Insulate Hot Water Pipes from Water Heater to Ktchen ? ]. _ . . _, ... __ ..._ . ^ b. Insulate All Hot Water Pipes OR Install On-0emand Hot Water Circufation System in conjunction with F.1.a Insulate Hot Water Pipes from Water Heater to KRchen - ` _ _._._.. _ :. _ ^ c, Locate the Water Healer within 25 teet of All Hot Water Fixtures and Appliances ' ~ , _. ~.. , _-. _ . ^ d. Use Engineered Parallel Piping ~ ' ^ 2. Install Only High Efficiency Toilets (Dual-Flush or <=1.3 gpf) G. AI'I'LIA;~CES : Possible Points _ _ ._ ..__ ~~_______. . ~.... _. _ ~....,._.,.. ~ 1. Instail ENERGY STAR Dishwasher ^ a, ENERGY STAR _ -.... _ _ ^ b. Dishwasher Uses No More than 6.5 Gailons/Cyele ~ 2. Install ENERGY STAR Clothes Washing Machine with Water Factor of 6 or Less ~ ___ .__.~.....__________ ~ _ 3. Install ENERGY STAR Refrigerator --"."_. ___ . ^ a. ENERGY STAR:15% above Federal Minimum ~.. _ ...... : ^ b. Super-Efficient Home Appliance Tier 2: 25% above Federal Minimum ' ^ 4. Instail Built-In Recycling Center 2: Single-Family GreenPoint Checklist 2006 Edition Page 2 of 4 ~ j~~`~ Possible Points J. BUILllING YEItFO1LiIANCE ' Design and Build High Performance Homes (2 points for each 1% above T-24, up to 30 pts) 1 ~ ~ ~ D°/. . Enter the percent above Tdle 24 in the cell af left. Any value over 15% will automatically eam 30 poinfs. `F 2. House ObWlns ENERGY STAR with Indoor Alr Package Certif cation _~_ ~ 5 2 ~ 3.Inspection and Diagnostic Evaluations , 1 , ^ a. Thircl Party Energy and Green Building Review of Home Plans _ - - ^ b. Blower poor Test Performed ~' 1 ~ ' ^ _ c. House Passes Combustion Safery Backdraft Test ._.~ __ _ . __.~ ----- - Possibie Points ', _ I{ RE\EW~BLEENERGT . .,___.___..___.. .__._~. .-----....___..__._ _ G [~ ~ 1. Pre-Plumb for Salar Hot Water Heating ~~ ^ 2. Install Solar Water Heating System 3. Install Wiring Conduit for Future Photovoltaic Installation 6 Provide 200 ft2 of South•Facing Roof ~ ~~~ Z 4. Install Photovoltaic (P~ Panels , 5 : . _.. ^ a.1.2 kW System .. .~ _ U ~ ~ . __. ^ b. 2.4 kW System . " . 6 ' ^ c. 3.6 kW ormore _..~.r.~-__~~~-•~-..- w---- 2006 Edition Page 3 of 4 Single-Family GreenPoint Checklist ~V ~ ~ i a ^ ! ~ , ~ - ~ -- ~ ---- .~ q ~ E ~ ~ u ~ ~ E ~ _ ° m Q " m . . U W a 3 ~ ~ . . ... L. FINISFIES : .._..._. ...:..,.....__..._..___~_w__ _ :.: _,w .. . . . . _______u_ -- ---- "__`. ..~~_ 'Possibie Points _ _. _ _ _ . , . _.. ..-- _ ,____ - -._ 1. Provide Permanent Walk-Off Mats and Shoe Storage at Home Entrances ..__ .. _..._._..___ __---------- -- ----.___._.._~_ ------- .. ..--- --._......~. _ .._ .._--- .. __-.__ _~ ' - ---=-----------..._ 2. Use LowlNo•VOC Paint ^ a. Low-VOC Intenor Wall/Ceiling Paints (<50 gpl VOCs (Flal) and <150 gpl VOCs (Non-Flat)) ~y ~ ^ --. b. Zero-VOC: Interior Wall/Ceiling Paints (<5 gpl VOCs (Flat)) .. ;:; ~: ^ _.._ _.._...._.._..~._.~_.._____ . _._.__._. _.__..__.. ...._.___.----._. ___ _._.._ ._ _... _..._ __.____._.......__ 3. Use Low VOC, Water•Based Wood Finishes (<150 gpl VOCs) __.__:_.__ _--- J 4. Use Low•VOC Construction Adhesives (<7D gpl VOCs- for All Adhesives 2 ~~ 5. Use Recycled-Content Paint ' 6. Use Environmentally Preferable Materials for Interior Finish: A) FSC•Certified Waod, B) Reclaimed Lumber, C) Rapidly Renewable D) Recycled-Content or E) Finger-Jointed Al Least 50%a of Each Material (1 pt each): ^ a. Cabinets ' • ~ ^ b. Interior Trim ._ ... ._. _. . _.,... _ - ^ c.5helving _ : ~ ^ d. Doors _ , , - ^ e. Countertops _ _... ; .._.. _. 7. Reduce Formaldehyde in Interior Finish (Section D135D) for At Least 50% of Each Material Below: ~ ^ a. Cabinets ' ^ b. Interior Trim _._._ _. _ ..: j . ^ c. Shelving _. .~.. ~ ........ _ . ~ ^ d. Subfloor _ _, _ _ ~ r i ^ 8. After installation of Flnishes, Test of Indoor Air Shows Fortnaldehyde Level <27ppb ~~ ; 3': b~i. FLOOI2ING ' ' Possible Points 1. Use Environmentally Prefereble Flooring: A) FSC•Certified or Reclaimed Wood, B) Rapidly Renewable Flooring Materials, Cj Recycled-Content Ceramic Tiles, D) Exposed Concrete as Finished Floor or E) Recycled• Content Carpet Note: FfowingAdhesives Musf Have <50 gpi VOCs. ^ a. Minimum 15%ofFloorArea ^ ~. ,.. ._...... . . . b.Minimum30%ofFloorArea ~ ^ c. Minimum 50%a of Floor Area ~ ` ~ - ^ _,_.. ..... . . ! d. Minimum 75% of Floor Area ; ^ 2. Thermal Mass Floors: Floor Covering Other than Carpet on 50% or More of Concreta Floors ; 3. Ftooring Meets SecUon 01350 or CRI Green Label Plus Reqvirements (50% Minimum) 2; N. QTI~R Possible Points ^ 1. Incoiporate Green Points Checklist in Blueprints - Required R, ^ 2. Develop Homeowner Manual ot Green FeatureslBenefits ~ ~ i i ~ ( p p p p 3. Community Design Measures & Local Priorities: See the Community Planning 8~ Design section in Chapter 4 ot the New Home Guidelines for measures. Mabmum of 20 points for suggested measures. Locai requirements may also be listed here. _ .. _... _ . . _ _._ _ __. . . _ _ _ . _ _ __ Enterdesaiption here _ __ _ . _ _. . __ _._ __ . _ _ _ _._ _ EnterdescripGon here __ . _,__ ___ _~__ .._.~.____.. ._._ _ __.._._.. .. ~ . . . . . . . ........ . .._._...... ~ EnterdesaipGon here ~ --- ---, ---- - . _ ..~__ ~ _ , . , ....~.. _., ..... . . _. ......_...~_ .._.. __._ ._.. . .__ .. ,... .., ,....._.. . _ ~ .,_.__..... ___ .. Enterdescnptron here 4. InnovaGon: List innovative measures that meet the green 6uilding objectives of the Guidelines. Enter up to a maximum combined ~otal ot 20 pts. See Innovation Checklist for suggested measures. D Innovation in Community: Enter descriplion here ~~~ ~ ~~ ~~~~~~ • p _ ._. . . . , _..._._ _ .. ... ..___.. . _. _ . ~._ , . _ _._ _ _ . . __ . , . _ _ _.. Innovation in Energy: Enter description here . p ~ ._. _.._. _ _ ._.. . . _. . Innovation in IAQIHealth: Enter description here p _ __ _.. _ __. _ _ . .. ~nnovation in Resources: Enter description here .. p . ,~ _. _ ._~. _._. _.. .. .~ ._._ _._... .._ _ __.___ . _ _ _...,. . __ Innovation in Water. Enterdescnption here ~ mw"~ ~~ Points Achieved from Specific Categories Total Points Achieved Project has not yet met the recommended minierium requirements - To[a1 F'roject Score ofAt ~east SO Points - F9rnim.um, points in specific categories: Energy (11), I/~Q'Neaith (S;, Resources (b), 4~`ater (3; Single-Family GreenPoint Checklist 2006 Edition Page 4 of 4 ~' ~ ~ 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 SECONDARY UN1T REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS Owner: Property Address: Dublin, California Name of Development: Positano This Secondary Unit Regulatory Agreement and Declaration of Restrictive Covenants (this "AgreemenY') is entered into effective as of ("Effective Date") by and between the City of Dublin, a public body, corporate and politic ("City") and (the "Owner"). City and Owner are hereinafter collectively referred to as the "Parties." Recitals A. Owner is the owner of certain real property that contains a secondary dwelling unit, which is located in the City of Dub~in, County of Alameda, State of California and more particularly described in Exhibit A attached hereto and incorporated herein by reference (the "Property"). The Property is located within a residential development project area (the "Project") that was subject to the City's Inclusionary Zoning Regulations (Chapter 8.68 of the Dublin Municipal Code), which requires that developments consisting of 20 or more residential units must include a specified percentage of units that are subject to affordability restrictions set forth in a binding agreement recorded against the property. Secondary Unit Regulatory Agreement May 7, 2007 Page 1 of 10 K:1lnclusionary Developments\Cantara @ PositanolMarketing-Outreach Materials\Positano Second Unit Regulatory Agreement 07-30-10.DOC Exhibit 5 ~o? ~ ~ ~ B. The developer of the Project chose to satisfy its obligations through among other things the construction of 41 secondary units on some of the residential lots in the Project, including on the Prope~ty, and requiring the purchasers to enter into regulatory agreements restricting the rents charges for the secondary units to affordable rents, in accordance with the Inclusionary Zoning Regulations. C. The Parties have agreed to enter into and record this Agreement in order to satisfy the requirements described in the foregoing Recitals. The purpose of this Agreement is to regulate and restrict the occupancy and rents of the Property's Restricted Unit (defined below) for the benefit of the occupants. The covenants in this Agreement are intended to run with the land and be binding on Owner and its successors and assigns for the full term of this Agreement. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the Parties hereby agree as follows: 1. Definitions. The following terms have the meanings set forth in this Section wherever used in this Agreement or the attached exhibits. "Applicable Income Level" means the annual gross income level specified below: ^ Very-low income: 50% or less of Area Median Income. ^ Low-income: 50% to 80% of Area Median Income. ^ Moderate-income: 80% to 120% of Area Median Income. "Area Median Income" or "AMI" means the area median income for Alameda County, California, adjusted for household size, published periodically by the California Department of Housing and Community Development ("HCD") in Section 6932 of Title 25 of the California Code of Regulations ("Regulations") or successor provision published. "Eligible Household" means a household whose gross income does not exceed the Applicable Income Level and that is otherwise eligible to rent a Restricted Unit. "Qualifying Rent" means a monthly rent which does not exceed one-finrelfth of thirty percent (30%) of the Applicable Income Level adjusted for household size, less a utility allowance as specified by the Housing Authority of Alameda County. "Restricted Unit" means the secondary dwelling unit on the Property that is depicted in Exhibit B and that is reserved for occupancy at a Qualifying Rent in accordance with and as set forth in Section 2. Secondary Unit Regulatory Agreement May 7, 2007 Page 2 of 10 K:\inclusionary DevelopmentslCantara @ PositanolMarketing-Outreach Materials\Positano Second Unit Regulatory Agreement 07-30-10.DOC ~J 1 ~ ~ 2. Use and Affordabilitv Restrictions. Owner represents and warrants that it has not entered into any agreement that would restrict or compromise its ability to comply with the occupancy and affordability restrictions set forth in this Agreement, and Owner covenants that it shall not enter into any agreement that is inconsistent with such restrictions without the express written consent of City. 2.1 Affordability Requirements. The Restricted Unit, if it is rented, shall be rented at not more than Qualif o' n an ed n all leases a d col n acts wi h te~Iants ~Wner shall ensure that language is c executed by Owner that prohibits subleasing of the Restricted Unit. 2.2 Rents for Restricted Units. Rent charged to, and paid by, a tenant for Restricted Units shall be not more than Qualifying Rent. Notwithstanding the foregoing, no tenant qualifying for a Restricted Unit shall be denied continued occupancy of the Restricted Unit because, after admission, such tenant's adjusted income increases to exceed the qualifying limit for such Restricted Unit. 2.3 Non Discrimination~ Compliance with Fair Housina Laws. Owner shall not discriminate against persons or groups of persons on account of race, color, religion, creed, sex, sexual orientation, marital status, familial status, ancestry or national origin in the lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, nor shall Owner or any person claiming under or through Owner establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the Property. Owner shall each ensure that language prohibiting such discrimination shall be included in all deeds, leases and contracts executed by Owner or its successors and assigns with respect to the Property. Owner shall comply with state and federal fair housing laws in the marketing and rental of the units in the Property. 3. Reportinq Requirements. 3.1 Tenant Verification. Owner or its authorized agent shall ob#ain from each household prior to initial occupancy of each Restricted Unit, and on every anniversary thereafter, written documentation verifying each tenanYs eligibility containing all of the foflowing, including additional documentation as City may reasonably require (collectively hereinafter "Written Verification"): ~ (a) Number of people in the household; and (b) Total household income. Owner or its authorized agent shall retain Written Verification for not less than three (3) years, and upon City's request, shall make the Written Verification available for inspection by City and shall provide copies of the Written Verification to City. Owner or its authorized agent may require each Eligible Household to certify the Written Verification. May 7, 2007 Secondary Unit Regulatory Agreement Page 3 of 10 K:\Inclusionary Deve{opments\Cantara @ Positano\Marketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-30-10.DOC ~~~ ~~ ~ 3.2 Annual Report~ Inspections. Owner shall submit an annual report ("Annual Report") to the City in conformity with the requirements of Section 8.68.050.B of the Inclusionary Zoning Regulations, together with a certification that the Property is in compliance with the requirements of this Agreement. The Annual Report shall, at a minimum, include the following information: (i) identification of the Restricted Unit by address; (ii) the monthly rents charged and proposed to be charged; (v) the number of people residing in the unit; and {h~the Annual Report,I a Icopy of theeWtltten Verp~ at oitn 's request, Owner shall include wi Owner obtained pursuant to Section 3.1 above, and such additional information as City may reasonably request from time to time in order to show compliance with this Agreement. Owner shall permit representatives of City to enter and inspect the Property during reasonable business hours in order to monitor compliance with this Agreement upon 24 hours advance notice of such visit to Owner. 4. Term of Agreement. 4.1 Term of Restrictions. This Agreement shall remain in effect in perpetuity_ 4.2 Effectiveness Succeeds Convevance of Property. This Agreement shall remain effective and fully binding for the full term hereof regardless of any sale, assignment, transfer, or conveyance of the Property, unless this Agreement is terminated earlier by City in a recorded writing. 4.3 Reconvevance. Upon the terminatio t~~ohelease and di~scha ge the terms agree to execute and record appropnate instrume of this Agreement; provided, however, the execution and recordation of such instruments shall not be necessary or a prerequisite to the termination of this Agreement in accordance with its terms. 5. Bindin U on Successors~ Covenants to Run with the Land. Owner hereby subjects its interest in the Property to the covenants and restrictions set forth in this Agreement. The City and Owner hereby declare their express intent that the covenants and restrictions set forth herein shall be deemed covenants running with the land and shall be binding upon and inure to the benefit of the heirs, administrators, executors, successors in interest, transferees, and assigns of Owner and City, regardless of any sale, assignment, conveyance or transfer of the Property or any part thereof or interest therein. Each reference in this Agreement to a specifically named party shall be deemed to mean a reference to the successor of each such Party. Any successor-in- interest to Owner, including without limitation any purchaser, transferee or lessee of the Property (other than the tenants of the individual dwelling units within the Property) shall be subject to all of the duties and obligations imposed hereby for the full term of this Agreement. Each and every contract, deed, ground lease or other instrument affecting or conveying the Property or any part thereof, shall conclusively be held to have been executed, delivered and accepted subject to the covenants, restrictions, duties and obligations set forth herein, regardless of whether such covenants, restrictions, duties and obligations are set forth in such contract, deed, ground lease or other instrument. If May 7, 2007 Secondary Unit Regulatory Agreement page 4 of 10 K:\Inclusionary Developments\Cantara @ PositanolMarketing-Outreach Materials\Positano Second Unit Regulatory Agreement 07-30-10.DOC ~~ ~~ ~~ any such contract, deed, ground lease or other instrument has been executed prior to the date hereof, Owner hereby covenants to obtain and deliver to City an instrument in recordable form signed by the parties to such contract, deed, ground lease or other instrument pursuant to which such parties acknowledge and accept this Agreement and agree to be bound hereby. Owner agrees for itself and for its successors that in the event that a court of competent jurisdiction determines that the covenants herein do not run with the land, such covenants shall be enforced as equitable servitudes against the Property in favor of City. 6. Propertv Manaqement• Repair and Maintenance; Marketinq. 6.1 Manaqement Responsibilities. Owner shall be responsible for all management functions with respect to the Property, including without limitation the selection of tenants, certification and recertification of household income and eligibility, evictions, collection of rents and deposits, maintenance, landscaping, routine and extraordinary repairs, replacement of capital items, and security. Except as City may otherwise agree in writing, City shall have no responsibility for management or maintenance of the Property. The contracting of management services to a management entity shall not relieve Owner of its primary responsibility for proper performance of management duties. 6.2 Intentionally Omitted. 6.3 Repair Maintenance and Securitv. Throughout the term of this Agreement, Owner shall at its own expense, maintain the Property in good physical condition, in good repair, and in decent, safe, sanitary, habitable and tenantable living conditions in conformity with all applicable state, federal, and local laws, ordinances, codes, and regulations. Without limiting the foregoing, Owner agrees to maintain the Property (including without limitation, the residential units, common areas, landscaping, driveways and walkways) in a condition free of all waste, nuisance, debris, unmaintained landscaping, graffiti, disrepair, abandoned vehicles/appliances, and i{legal activity, and shall take all reasonable steps to prevent the same from occurring on the Property. Owner shall prevent and/or rectify any physical deterioration of the Prope~ty and shall make all repairs, renewals and replacements necessary to keep the Property and the improvements located thereon in good condition and repair. 6.4 Intentionally omitted. 6.5 Intentionally omitted. 6.6 Intentionally omitted. 6.7 Intentionally omitted. Secondary Unit Regulatory Agreement May 7, 2007 Page 5 of 10 K:1lnclusionary Developments\Cantara @ Positano\Marketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-30-10.DOC I tli' °,~ ~C:? 6.8 Praperty Damaqe or Destruction. If any part of the Property is damaged or destroyed, Owner shall repair or restore the same as soon as practicable, consistent with the occupancy and rent restriction requirements set forth in this Agreement. 7. Recordation~ No Subordination. This Agreement shall be recorded in the Official Records of Alameda County. Owner hereby represents, warrants and covenants that with the exception of easements and restrictions of record, absent the written consent of City, this Agreement shall not be subordinated in priority to any lien (other than those pertaining to taxes or assessments), encumbrance, or other interest in the Property. If at the time this Agreement is recorded, any interest, lien, or encumbrance has been recorded against the Property in position superior to this Agreement, upon the request of City, Owner hereby covenants and agrees to promptly undertake all action necessary to clear such matter from title or to subordinate such interest to this Agreement consistent with the intent of and in accordance with this Section, and to provide such evidence thereof as City may reasonably request. 8. Transfer and Encumbrance. 8.1 Restrictions on Transfer. During the term of this Agreement, except as permitted pursuant to this Agreement, Owner shall not make or permit the occurrence of any conveyance, sale or lease (except as to individual dwelling units) of the Property without the prior written consent of the City; provided however City sha(I not withhold its consent to the sale, transfer or other disposition of the Property, in whole or in part, provided that (i) the transferee expressly assumes all obligations of Owner imposed by this Agreement; (ii) the transferee executes all documents reasonably requested by the City with respect to the assumption of the Owner's obligations under this Agreement; and (iii) the Owner has paid the City a Affordable Home Ownership Fee to cover the City's costs associated with the transaction. The amount of the Affordable Home Ownership Fee is currently $1,500 per transaction, and the applicable amount shall be as established from time to time by the City Council 8.2 Encumbrances. Owner agrees to use best efforts to ensure that any deed of trust secured by the Property shall contain each of the following provisions: (i) the holder of such deed of trust shall use its best efforts to provide to City a copy of any notice of defauft issued to Owner concurrently with provision of such notice to Owner {provided howeve~, the failure to do so shall not impair such holder's rights and remedies); and (ii) City shall have the reasonable right, but not the obligation, to cure any default by Owner within the same period of time provided to Owner for such cure, extended by an additional thirty (30) days. 8.3 Mortqaqee Protection. No violation of any provision contained herein shall defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value upon all or any portion of the Property, and the purchaser at any trustee's sale or foreclosure sale shall not be liable for any violation of any provision hereof occurring prior to the acquisition of title by such purchaser. Such purchaser shall be bound by and subject to this Agreement from and after such trustee's sale or foreclosure sale. Secondary Unit Regulatory Agreement May 7, 2007 Page 6 of 10 K:\Inclusionary Developments\Cantara @ Positano\Marketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-30-10.DOC l ~ / ~' ~ Promptly upon determining that a violation of this Agreement has occurred, City shall give written notice to the holders of record of any mortgages or deeds of trust encumbering the Property that such violation has occurred. 9. Default and Remedies. 9.1 Events of Default. Owner's failure to cure any default in performance of Owner's obligations under this Agreement within thirty (30) days following City's delivery of a notice of default shall constitute an Event of Default hereunder and shall entitle the City to proceed with any of the remedies described below. Notwithstanding the foregoing, if the default is such that it is not reasonably capable of being cured within thirty (30) days, an Event of Default shall not arise hereunder if Owner commences to cure the default within 30 days and thereafter prosecutes the curing of such default to completion with due diligence and in good faith, but in no event later than ninety (90} days after receipt of City's notice of default or such longer period as City may agree to in writing. (a) Bring an action for equitabfe relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking declaratory relief; (b) For violations of obligations with respect to rents for Restricted Units, impose as liquidated damages a charge in an amount equal to the actual amount collected in excess of the Qualifying Rent; (c) Pursue any other remedy allowed at law or in equity. 9.2 Remedies Cumulative. Each of the remedies provided herein is cumulative and not exclusive. The City may exercise from time to time any rights and remedies available to it under applicable law or in equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this Agreement. 10. Indemnification. Owner shall defend (with counsel approved by City), indemnify and hold the City and its officials, officers, directors, employees, and agents (collectively, the "Indemnified Parties") harmless from and against any and all losses, damages, liabilities, claims, demands, judgments, actions, court costs, and legal or other expenses (including reasonable attorneys' fees) arising from or in connection with or in any way related to: (i) Owner's performance or failure to perform any obligafion required by this Agreement; or (ii) any act or omission by Owner, or any of Owner's contractors, subcontractors, agents, employees, licensees or suppliers related to the Property, except to the extent arising from the gross negligence or willful misconduct of such Indemnified Party. The provisions of this Section shall survive the expiration or earlier termination of this Agreement. 11. Miscellaneous. Secondary Unit Regulatory Agreement May 7, 2007 Page 7 of 10 K:\Inclusionary Developments\Cantara @ Positano\Marketing-Outreach Materials\Positano Second Unit Regulatory Agreement 07-30-10.DOC ~~~ ~ C-~, ~ 11.1 Amendments. This Agreement may be amended or modified only by a written instrument signed by both Parties. 11.2 No Waiver. Any waiver by City of any term or provision of this Agreement must be in writing. No waiver shall be implied from any delay or failure by City to take action on any breach or default hereunder or to pursue any remedy allowed under this Agreement or applicable law. No failure or delay by City at any time to require strict performance by Owner of any provision of this Agreement or to exercise any election contained herein or any right, power or remedy hereunder shall be construed as a waiver of any other provision or any succeeding breach of the same or any other provision hereof or a relinquishment for the future of such election. 11.3 Notices. Except as otherwise specified herein, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (a) personal delivery, in which case notice is effective upon delivery; (b) certified or registered mail, return receipt requested, in which case notice shali be deemed delivered upon receipt if delivery is confirmed by a return receipt; (c) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirrned by the delivery service; (d) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first-class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness day. City: City of Dublin 100 Civic Plaza Dublin, CA 94568 Attention: City Manager Facsimile: (925) 833-6651 Owner: At the address of the property Secondary Unit Regulatory Agreement May 7, 2007 Page 8 of 10 K:1lnclusionary Developments\Cantara @ PositanolMarketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-3d-10.DOC ~9 ~ ~~ 11.4 Further Assurances. The Parties shall execute, acknowledge and deliver to the other such other documents and instruments, and take such other actions, as either shall reasonably request as may be necessary to carry out the intent of this Agreement_ 11.5 Parties Not Co-Venturers. Nothing in this Agreement is intended to or shall establish the Parties as partners, co-venturers, or principal and agent with one another. 11.6 Action bv the City. Except as may be otherwise specifically provided herein, whenever any approval, notice, direction, consent or request by the City is required or permitted under this Agreement, such action shall be in writing, and such action may be given, made or taken by the City Manager or by any person who shall have been designated by the City Manager, without further approval by the City Council. 11.7 Non-Liabilitv of City and Citv Officials, Employees and Aqents. No member, official, employee or agent of the City shall be personally liable to Owner or any successor in interest, in the event of any default or breach by the City, or for any amount of money which may become due to Owner or its successor or for any obligation of City under this Agreement. 11.8 Headinqs; Construction. The headings of the sections and paragraphs of this Agreement are for conveniehce only and shall not be used to interpret this Agreement. The language of this Agreement shall be construed as a whole according to its fair meaning and not strictly for or against any Party. 11.9 Time is of the Essence. Time is of the essence in the performance of this Agreement. 11.10 Governinp Law. This Agreement shall be construed in accordance with the laws of the State of California without regard to principles of conflicts of law. 11.11 Attorneys' Fees and Costs. If any legal or administrative action is brought to interpret or enforce the terms of this Agreement, the prevailing party shall be entitled to recover all reasonabfe attorneys' fees and costs incurred in such action. 11.12 Severabilitv. If any provision of this Agreement is held invalid, illegal, or unenforceable by a court of competent jurisdiction, the validity, legality, and enforceability of the remaining provisions shail not be affected or impaired thereby. 11.13 Entire Agreement; Exhibits. This Agreement contains the entire agreement of Parties with respect to the subject matter hereof, and supersedes al{ prior oral or written agreements between the Parties with respect thereto. The exhibits attached hereto are incorporated herein by this reference. Secondary Unit Regulatory Agreement May 7, 2007 Page 9 of 10 K:\Inclusionary Developments\Cantara @ Positano\Marketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-30-10.DOC ~ ~ ~ 11.14 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. SIGNATURES ON FOLLOWING PAGE. Secondary Unit Regulatory Agreement May 7, 2007 Page 10 of 10 K:\Inclusionary Developments\Cantara @ Positano\Marketing-Outreach MaterialslPositano Second Unit Regulatory Agreement 07-30-10.DOC 5~~~ SC~ ~ IN WITNESS WHEREOF, the Parties have executed this Agreement effective as of the date first written above. OWNER CITY OF DUBLIN By: Joni Pattillo City Manager Attest: Gaylene Burkett Deputy City Clerk S/GNATURES MUST BE NOTAR/ZED. Secondary Unit Regulatory Agreement May 7, 2007 Page 11 of 10 K:\Inclusionary DevelopmentslCantara @ Positano\Marketing-Outreach Materials\Positano Second Unit Regulatory Agreement 07-30-10.DOC JJ°~ L~~l~ J ~ ; Exhibit A PROPERTY DESCRIPTION (Attach legal description.) ~3 4~ 5C- Exhibit B DIAGRAM SHOWING LOCATION OF RESTRICTED UNIT (Attach diagram.) 5~ ~ ~ ~~-~ ~ Exhibit C ANNUAL REPORT FORM (Attach Form.) ~ ~~ ~ 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 MEMORANDUM OF AMENDED AND RESTATED SUBSEQUENT AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS Dubiin RE Investors, LLC and Braddock and Logan Group II, L.P. Subsequent Phase (627 Residential Lots) of the Positano Project This Memorandum of Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Units (this "Memorandum") is entered into on this day of , 2010, by and between the City of Dublin, a municipal corporation (hereafter "City") and Dublin RE Investors, LLC, a California limited liability company, and Braddock & Logan Group II, L.P., a California lirnited partnership (collectively, "the Developer"). 1. Pursuan# to the Amended and Restated Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated as of , 2010, by and between City and Developer (the "Agreement"), the Parties have set forth their respective obligations with respect to the provision of affordable units on lands presently owned by Developer, a portion of the 1043 residential parcel Positano Project (the "ProjecY') , and more specifically described in Exhibit A(the "Property"). These obligations run with the land. 2. The City and the Developer are parties to a certain Affordable Housing Agreement that sets out the specific obligations for the construction of Inclusionary Units and payment of fees in lieu thereof in conjunction with the a 416 residential parcel phase of the Project ("the Initial AgreemenY'). The Initial Agreement anticipates the parties entering into a subsequent affordable housing agreement setting forth the manner in which the Regulations will be complied with for the remainder of the Project. Exhibit 6 ~ ~ 1 ~U ~ 3. The Agreement sets out the specific obligations for the construction of Inclusionary Units and payment of fees in lieu thereof in conjunction with a subsequent 627 residential parcel phase of the development of the Proj ect. The Agreement also obligates the Developer to make a Community Benefit Payment, as described in the Agreement, prior to issuance of building pertnits for each residential unit (excepting Second Units) within the Subsequent Phase. 4. Developer and City have executed and recorded this instrument to give notice of the Agreement, and the respective rights and obligations of Developer and City. The unrecorded Subsequent Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees in Lieu of Constructing Inclusionary Housing Units is incorporated by reference in its entirety in this Memorandum. 5. This Memorandum shall bind and inure to the benefit of the parties and their respective heirs, successors and assigns, subject however to restrictions set forth in the Agreement regarding assignment. 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: Attest: Joni Pattillo, City Manager Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney DUBLIN RE INVESTORS, LLC a California limited liability company By: Braddock and Logan Services, Inc. a California cotporation Its Manager By: ~ Name ~st~ ~ ~ 2y, 4~ Its: ~iv~,~L,~{- BRADDOCK & LOGAN GROUP II, L.P. A California limited partnership By: Braddock and Logan Services, Inc. a California corporation Its General Partner By: ~. Nam : ,sY 4 ~ ~.P i,,,~ Its: ~~ ~~~~,~