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HomeMy WebLinkAboutOrd 23-10 Exprit At Dub Station DAORDINANCE NO. 23 -'!0 AIV ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DUBLIN ****x*~*~ APPROVING AMENDMENT 1 TO THE DEVELOPMENT AGREEMENT FOR DUBLIN TRANSIT CENTER SITE E-1 (ESPRIT AT DUBLIN STATION) PA 09-002 THE CITY COUNCIL. OF THE CITY O~ DUBLIN DOES HEREBY ORDAIN AS FOLLOWS: Section 1. RECITALS A. The pro~~osed Dublin Transit Center Site E-1 ("Project"} is located within the boundaries of the Eastern Dublin Specific Plan ("Specific Plan") in an area, which is designated on the General Plan Land UsE~ Eiement Map, and Eastern Dublin Specific Plan Land Use Map for a combination of High Density Residentiai, Campus Office and Public/Semi Public land uses. B. Pursuant to the C~~lifornia Environmental Quality Act (CEQA), this Project is exempt from CEQA pursuant to Government Code Section 65457 which exempts residential projects that are consistent with a specific pian from further environmental review. Additionally, the Project is within the scope of the Final Environmental Impact Report for the Dublin Transit Center General Plan Amendment, Eastern Dublin Specific Plan Amendment, Stage 1 Planned Development Zoning, Tentative Parcel Map, and Development Agreement (SCH 2O01120395) which was certified by City C~uncil Resolution Na. 215-02 dated November 19, 2002 (Transit Center EIR). Furthe~more, there are no suppfemental impacts that would require preparation of a Supp~ementai Environmental Impact Re~o~t. C. A Dev~lopment Agreement between the City of Dublin and Western Pacific Housing (doing business as D. R. Horton) was approved in March 2006 (Ordinance 5-06). Amendment 1 to the Develo~~ment ~.greement has been presented to the City Council. The Amendment is attacned ta this Ordina~~,e as Exnib;t A. D. A public hearing on the proposed Amendment 1 to the Devefopment Agreement was held before the Planning Comrri~ssior~ on September 14, 2010, for which public notice was given as provided by iaw. D. The Planning Cc~mmission has made its recommendation to the City Council for approval of Amendment 1 to the Deveiopment Agreement (Resolution 10-39, incorporated herein by reference). F. Public hearings on the ~roposed Deveiopment Agreement were held before the City Council on October 5, 2010 and Oct~beo 19, 201a; for which public notice was given as provided by law. G. The City Council has considered the recommendation of the Planning Commission who considered the item ~~t its September 14, 2Q1Q meeting, including the Planning Commission's reasons for its recommendation, the Agenda Statement, all comments received in writing, and all testimony received at the public ~rearinc~. Ord No 23-10, 1 1/2/10. Item No. 4 4 ~ag2 ~ Of .5 Section 2 FINDINGS AND DETERMINATIONS Therefore, on the basis of: (a} the foregoing Recitals which are incorporated herein; (b) the City of Dublin's General Plan; (c) the Eastern Dubfin General Plan Amendment; (d) the Specific Plan; (e) the Transit Center EIR; and (f) the Staff Report, and on the basis of the specific conclusions set forth below, the City Council finds and determines that: 1. The A~reement is consistent with the objectrves, policies, general land uses and programs specified an the Eastern Dublin Specific Plan/General Plan in that: a) the Eastern Dublin Specific Plan,/General Plan iand use designation for the subject site is proposed to be Planned Development and that the proposed Site E-1 residential development is consistent with that designation; b) the project is consistent with the fiscal policies in relation to provision of infrastructure and public services of the City's Eastern Dubfin Specific Plan/General Plan; c) the Agreement sets forth the r~les the Developer and City will be governed by during the development process which is required by the Eastern Dublin Specific Plan and the Mitigation Monitoring Program c~f the Eastern Dublin Specific Plan. 2. The Agreement is compatible with the uses authorized in, and the regulations prescribed for, the land use districts ir~ which the real property is located in that the project approvals include amended Planned Development Rezone, Site Development Review and Vesting Tentative Maps. 3. The Agreement is in conformity with public convenience, general welfare and good land use practice in that the Developer's project will implement land use guidelines set forth in the Eastern Dublin Specific Plan/General Plan and the Dublin Transit Center Stage 1 Devefopment Plan. 4. The Agreement will not be detrimental to the health, safety and general welfare in that the development will proceed in accordance with the Agreement and any Conditions of Approval for the Project. 5. The Agreement will not adversely affect the orderly development of the property or the preservation of property values in that the development will be consistent with the City of Dublin Eastern Dublin Specific Plan/G~ner~l Pfan. 6. Pursuant to the California E~vironmentai Quality Act, the City Council finds that the Project is exempt from CEQA pursuant to Government Code section 65457 because it implements a residential proje~t that is consistent with a specific plan for which an EIR has been certified. The Project is withir~ the scope of the certified Transit Center EIR. The City Council finds that no further environrr~ental review under CEQA is required for the proposed Project because there is no substantial evider~ce in the record as a whole that any of the standards under CEQA section 21166 or CEQA Guidelines sections 15162 and 15163 for the preparation of a subsequent or supplemental EfR ar~ rnet Section 3. APPROV,AL The City Council herebu approves the Amendmer~t No. 1 to the Development Agreement (Exhibit A to the Ordinance) ar~d autharizes the Mayor to execute it. Ord No 23-10, 11/2/10. Item No.44 Page 2 of 3 • Section 4. RECORDATION C~ Within ten (10) days after the Amendment No. 1 to the Development Agreement is fully executed by all parties, the City Clerk shall submit the Agreement to the County Recorder for recordation. Section 5. EFFECTIVE D.ATE AND POSTING OF ORDINANCE This Ordinance shall take effect and be in force thirty (30) days from and after the date of its passage. The City Clerk of the City of Dublin shall cause the Ordinance to be posted in at least three (3) public places in the City of Dublin in accordance with Section 36933 of the Government Code of the State of California. PASSED AND ADOPTED BY the City Council of the City of Dublin, on this 2"d day of November 2010 by the following vote: . AYES' Councilmembers Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti NOES: None ABSENT: None ABSTAIN: None / v .c~.~. V ~ Mayor ATTEST: .~ ~~ City Clerk Ord. No. 23-10, ~~iti~o, Item No. 4.4 Page 3 of 3 ,~ .~ ? ~-? a:-~•G°~~ RECORDING REQUESTED BY: C1TY OF DUBLIN When Recorded Mail To: City Clerk City af Dublin 100 Civic Plaza Dublin, CA 94568 Fee Waived per GC 27383 S~~ace above this line for Recorder's use AMENDMENT NO. 1 TO DEVELOPNIENT AGREEMENT BETWEEN THE CiTY OF DUBL.IN AND WESTERN PACIFIC HOUSING, INC. FOR THE DUE3~JN TRANSIT~ CENTF_R E-1 PROJE(~T EXIIIBIT A "t~0 :1T't'AC}iR~IF'"v'~~ ? ~~~ <~+ / ~ ~ ~ THIS Amendment No. 1 to the Development Agreement Between the City of Dublin and Western Pacific Housing ("AmendmenY') 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 Western Pacific Housing, Inc, a Delaware corporation, doing business as D.R. Horton (hereafter "Developer"), pursuant to the authority of §§ 65864 et seq. of the C~~lifornia Government Code and Dublin Municipal Code, Chapter 8.56. City and Deveioper are from time-to-time individually referred to in this Agreement as a"Party" and are collectively referred to as "Parties". RECITALS 1. California Government Code §§ 65864 et seq. and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") authorize the ~:,ity to enter into an agreement for the development of real property with any person having a legal or equitable interest in such property in order to establish cert~~in development rights in such property. 2. Developer desires to devefop and holds legal interest in certain real property consisting of approximately 4.1 acres of land, located in the City of Dublin, County of Alameda, State of California, which is more particularly described in Exhibit 1 attached hereto and incorporated herein by tfiis reference, and which real property is hereafter called the "Property". The Pro~~erty is generaily known as the "Transit Center Site E-1" and is part of the 1~ransit Center Property located adjacent to the Dublin BART station. 3. Pursuant to that authority, City and Developer enterec'~ into that certain "Development Agreement Between the City of Dublin and W'estern Pacific Housing, Inc for the Dublin Transit Center Site E-1 ProjecY', dated February 7, 2006 and recorded in the Official Records of Alameda County ("Official Records") on March 10, 2006, as document number 2006-090936 ("the Agreement"). 4. Developer previously proposed the development of the Property with 300 residential units and approximately 15,000 square feet of c~round floor retail. The City approved various land use approvals in connection with the development of the Property, and the Agreement referred to the prc>posal and the associated development approvals as, respectively, "the Project" ar~d "the Project Approvals." The "Project Approvals" included, without limitation, a:>tage 2 Development Plan (Ord. No. 4-06), Site Development Review (City Council Resolution No. 6-06) and a vesting tentative parcei map (Planning t~ommission Resolution No. 05-68). The Project Approvals remain in effect. 5. Developer now proposes the development of the Pro~~erty with 105 residential units as an alternative approval ("the Alternate Project"). The Developer has applied for, and the City has approved or is process~ng, various land use approvals in connection with the development of the Alterr~ate Project, Amendment No. 1 to the Development Agreement Between the City of Dubiin and Western Pacific Housing for the Dublin Transit Center Site E-1 Project Page 2 of 5 I r ~ 4 ~~ including, without limitation, a Planned Development Rezoning (Ord. No. _), Stage 1 and 2 Development Plan Amendments (Ord No. _), Site Developmenk Review (City Council Resoiution Na. __}, and a Vesting Tentative Tract Map (Planning Commission Resolution No.Iv-'~ Ail such approvals collectively, together with any approvals or permits now or hereinafter issued with respect to the Altemate Project as referred to as the "Alterr~ate Proaect Approvals°. Under the proposed entitlements, the Developer will have the option of proceeding with development under either the Project Approvals or Alternate Project Approvals. 6, Section 9.3 of the Agreement requires that the Agreement be amended where the density or intensity of uses or term of the Agreement are amended. Developer requests amendments to the Agreement regarding the density of uses under the Alternate Project Approvals, an extension of the existing term by seven years, an amendmenk to the affordable housing obligations for the Property, and a provision fln a public art fee. The Parties agree that these revisions require an amendment ±o the Agreement 7 The City Cc~uncil has found that, among other things, the Agreement, as amended, is consistent with its General Plan and the Eastern Dublin Specific Plan and has been reviewed and evaluated in accordance with Chapter 8.56. 8. City and Developer have reached agreement and desire to express herein an Amendment to the Agreement that will facilitate development of the Project subject to conditions set forth herein; arci 9. On , 2010, the City Council of the City of Dublin adopted Ordinance No ___ approving this .Amer~dment. The ordinance took effect on ____ ___________, 2010 ("the Amendment Effective Date"). NOWr THEREFURE, with reference to the foregoing recitals and in consideration of the mutual promises, obliyations and cavenants herein contained, City and Developer agree as follows. AGREEMEN~i Section 1. l ne terms of the Agreement are amended as follows so that ail terms applicable to the Project and Project Approvals, as defined in the Agreement, shall apply to the Alterr~ate Project and Alternate Project Approvals as defined in this Amendrr~ent. All references t~ "Project" in Sections 5, 6. 7, 8, 10, 14.2, and 20 of the Agreement are arT~ended to read "Project or Alternate ProjecY' All references lo "Projeci Approuals" in Secfions 5, 6, 7, 8, 10, 14.2, and 20 of the Agreement are amended to read "Project Approvals or Aitemate Project Approvals°. Notwithstanding the foreqoing, the Agreement and Amendment shall not create any right for Developer to proceed with development of both the Projeci and A!ternate Project on the Property Once the Developer Amendment No. 1 io the Devefoprnent Agree~ren~ Between !he City v( Dublin and Westem Pacific Housing for the Dublin Transit Cen'er Sife F-~1 Projr~r( Page 3 of 5 C,-f ~ r ~:~ ~ i ~F' ~ commences with development of either the Project or Alternate Proj~~ct, the rights under the Agreement relating to the other project not developed shall be terminated. For the purposes of this Agreement, "commences with development" means the issuance of any building permit. Section 2. Section 4.2 of the Agreement is amended in its entirety to read as follows: "4.2 Term. The term of this Agreement shall commence ori the Approvai Date and shall terminate twelve (12) years thereafter on March 9, 2018, unless said term is otherwise terminated or modified by circumstances set forth in this Agreement." Section 3. Section 10 of the Agreement is amended in its entirety to read as foliows: "10 Term of Proiect Approvals and Alternate Proiect Apprc>vais. The term of the Project Approvals and Alternate Project Approvals a~re extended for the term of the Agreement subject to the provisions of Section 4.2 of this Agreement. Notwithstanding the foregoing, once the Developer commences with development of either the Project or Alternate Project, the extension of the term of the project approvals under the Agreement for the other project not developed shall be terminated. For the purposes of this Agreement, "commences with development" mE;ans the issuance of any building permit. Section 4. Amendment to Exhibit 8. Exhibit B to the AgreE:ment is hereby replaced in its entirety with Exhibit 2 to this Amendment. Section 5. Counterparts. This Amendment is executed in two (2) duplicate originals, each of which is deemed to be an original. Amendment No. 1 to the Development Agreement Between the City of Dublin and Western Pacific Housing for the Dublin Transit Center Site E-1 Project Page 4 of 5 ~ -'~ ~.~ o _; ..t Section 6. Recordation. City shail record a copy of tl~is Amendmen~ within ten (10) days follovvir~G executic~n by all ~;arties. IN WITNESS WHEREOF, ihe K~arties here!o have causeci ti~is ,Amendment to be execu~ed as ni khe data anc; year firsf above ~r~ritter. CITY OF DUBLIN: ~ Y ----- f ~a te ----...---- -__ Tim Shranti, Mayor ~TTEST B~' --. - Date; ----- - --- _ _ _ __ Caroline Soto, Gily Cierk APPROV~D AS TO FORP~1: - ---- - -- J~>I~ri B<~kker City Af~ornry WEST~~N ~'ACIf=1C F-{OIJSI~Ji~~ INC, a Del~~v~~re Cor~~~oration f~i~'~ ~ > _ ~~_ I >~,Er?- Oe~n 4<. i~~lilfs n sist~3nt Vicc~ i'r~~siilcnt E ~`~h~ ) l AI ~'I~ ;~~. 17 (>N /1 ~l l !1 t :1 ~/C=U i Arnendment ~~'Vo. 1 to :he Development tlgreemenl Behve~;n ;he Ci(y of L~ubiin and Western Pacific Housing t~or i},e L~ub?in Trans~t Center Sil~ E-1 Proje~ct Page 5 of 5 I ~~ ~ ~.-~ '1 i J Exhib+t 1 Legal Description of Dublin Transit Center Site E-1 Property Real property in the City of Dublin, County of Alameda, State of California, described as foilows: Parcel 1, as shown on Parcel Map 7892, filed April 14 2005, in book 280 of Parcel Maps, Pages 83 85 in the Office of the Recorder of Alameda County, Assessor's Parcei Number 986-0034-011-00. ) ~~ ~a, = Exhibit 2 Amended Exhibit B to the Agreement WlJ r~ j ~~•"'r~~ ! l EXHIBIT B Additional Conditions The following Additional Conditions are hereby imposed pursuant to Paragraph 5.3 of the Agreement. Subparaqraph 5.3.1 - Subsequent Discretionary Approvals None. Subparaqraph 5.3.2 - Mitiqation 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 for the Project in Resolution No. 10- of the City of Dublin Planning Commission approving Site Development Review and Vesting Tentative Tract Map or for the Alternate Project in Resolution No. 10-_ of the City of Dublin Planning Commission approving Site Development Review and Vesting Tentative Tract Map (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 applicable 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 or Alternate 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. Amendment No. 1 to the Development Agreement Page 1 of 7 Between the City of Dublin and Western Pacific Housing for the Dublin Transit Center Site E-1 Project - EXHIBIT B ~r ~,~ ~~.~~ Recycied water lines shall be installed in accordance with the tentat~ve map conditions of approval. (ivj Storm Drainaqe: The storm drainage systems off-site, as we~l as on-site drainage systems for the areas to be occupied, shall be improved consistent with the tentative map conditions of approvai and to the satisfactior~ and requirements of the Dublin Public Works Department applying the City's and Zone 7(Alameda County Flood Cantrol and Water Conservation District, Zone 7) standards and policies which are in force and effect at the time of issuance of the permit for the proposed improvements. Pursuant to Alameda County's National Pollution Discharge Elimination Permit (NPDES) No. CAS0029831 with the Caiifornia Regional Water Quality Control Board, or pursuant to subsequent permits adopted by the Board, alf grading, canstruction 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 developmert sites within the City during construction, and all activities shall adhere to Best Management Practices. (v) Other Utilities (e.q. qas electricity cable televisions telephone): Construction shafl 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 or Alternate Project. Subsection b. Miscellaneous (i j Completion May Be Deferred. Notwithstanding the foregoing, the City's Public Works Director may, in his or her sole discretion and upon receipt of documentation in a form sa±isfactory to the Public Works Director that assures cornpletion, allow Develaper to defer completior~ of discrete portic~ns of any public improvements for the Project or Alternate Project if the Public Works Director deter~Yiines khat to do so would not jeopardize the publir, he~31t'r,, safety or weifar~e. Subparaqraph 5.3.3 -- Phasinq Timinq ?his Agreement contains no requirements that Developer musi in~tiate or c,omplete development of the Praject or Altemate Project within any period of time set by the City. It is the intention of this pravision that Developer be able to develop the Property in accordance with its own time schedules and the Project Appr~vals or Alternate Prajecf Apprr~val~ ___._ _ _ __ - - - ----- Amendment No 1 to the Development ~yreement Paye 2 of 7 Befween the City of Dublin and Wes±em Pacific Housin~ for tFie Dublin Transit Center S~te E-1 Proje~t -- EXHIBIT B `l l ~~ t ~ ~ ~~ \~ I Subparaaraph 5.3.4 - Financinq Plan Developer will install ail improvements necessary for the Project or Alternate 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, potabfe water, and recycled water services to the Project or Alternate Project will be made available by the Dublin San Ramon Services District. If so required by Dubiin 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 or Alternate Project. Such services shali be provided as set forth in Subparagraph 5.3.2(a)(ii) and (iii) above. Subparaqraph 5.3.5 - Fees, Dedications Except as otherwise provided in this Subparagraph 5.3.5 or this Development Agreement, Developer shail 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, inciuding any 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 Interchanqes. Developer shall pay the Eastern Dublin I-580 Interchange Fee in the amounts and at the times set forth in Resolution No. 155-98 and by any resolution which revises such Fee that may be in effect at the time of issuance of building permits. Developer will pay such fees no later than the time of issuance of building permits. Subsection c. Public Facilities Fees. Developer shall pay a Public Facilities Fee established by City of Dublin Resolution No. 214-02, including any amendments to such fee that may be in effect at the time of issuance of building permits. Developer will pay such fees no later than the time of issuance of building permits. Subsection d. Noise Mitiqation Fee. Amendment No. 1 to the Development Agreement Page 3 of 7 Between the City of Dublin and UVestem Pacific Housing for the Dublin Transit Center Site E-1 Project - EXHIBIT B __, C _%~ `' Developer shr~ll pay a Nc~ise Mitigation Fee established by City of Uublin Resolution No. 33-9Ei, includir~g any 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. School Impact Fees. School impact fees shall be paid by Developer in accordance wi;h Government Code section 53080 and the agreement betweer Developer or its predecessor in interest and the Dublin Unified Schoo( District regarding payment of school mitigatfon fees. Subsection f. Fire Facilities Fees. Developer s;'~ali pay a fire facilities fee estabiished by City of Dublin Resolution No. 12-03 including any amendments tc 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 q. Tri-Vallev Transportation Development Fee Developer shall pay the Tn-Valley Transportatian Development Fee in the amount and at the times set forth in City of Dublin Resolution No. 89-98 or any resolution which revises such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amoun! of the impact fee in effect at time of building permii issuance Subparaqraph 5.3.6 - Reimbursement Subsection a. Traffic Impact Fee fmprovements - Credit The City shall provide ~ credit againsl Eastern Dublin -Traffic Impact Fees to Developer for those improvements described in the resolution establishing the Fastern Dublin Traffic Impact Fee if such improvements are con5tructed by the D;=veloper in their ultir~ate locat~on All aspects of tne credit sh~~Il be governed by the TIF Guidellnes. Subsection b, Traffic Impact Fee Riqht-of-Way Dedications - Cred~t The City shall provide ~~ credii against Eastern Dublin Traffic Impact Fees ta Developer for ar~y TIF are~~ nght-of-way to be dedicated by Developer to the City which is required for improvem~nts which are described in the resolution establishing the Eastern Dublin Traffic i~?~p~ct Fee Alf aspects of the credits shall be governed by th~: TIF Guidelines. ____ _ . y - ~ P - ~1 ~ . -_ _ - - - ----- Ameodment No_ 1 to the DPVPIo mer~t Ac rPeine-~t Page 4 of 7 Betwaen the Cit of Dublin and V~,eStPrn P~cific Hc~usinq for the [~ublin 1i~nsil CentPr Site E-1 Projc,ct -- EXHIBIT B ~~ ~ ~'~~ Subparaqraph 5.3.7 - Miscellaneous Subsection a. Affordable Housinq Requirements. This subsection shali govern the affordable housing requirement for the Property. As between the parties, it replaces in its entirety the affordable housing requirements applicable to the Property (Transit Center Site E-1) set forth in Section 12 of the First Amendment to Master Development Agreement Between City of Dublin and Surplus Property Authority of Alameda County for the Dublin Transit Center Project, dated October 4, 2005. This subsection does not revise any of the requirements for affordable housing applicable to the Dublin Transit Center Project, other than Site E-1, set forth in Section 12 in the First Amendment to Master Development Agreement Between City of Dubiin and Surplus Property Authority of Alameda County for the Dublin Transit Center Project, dated October 4, 2005. The affordable housing requirement for the Project and Alternate Project shall be met by the payment of an in-lieu fee rather than construction of units on-site. The affordable housing requirement shall be fifteen percent (15°/o) of the total residential units constructed on the Property. The in-iieu fee shall be calculated as foliows: the amount of the City's per-unit fee in lieu of construction of inclusionary units that is in effect on the Effective Date of the Amendment Na. 1 to the Agreement ("Amendment Effective Date") (which equals One Hundred Two Thousand One Hundred and Fifty-One Dollars ($102,151,00)) multiplied by a number equal to fifteen (15%) of the total residential units to be constructed on the Property ("Total Affordable Housing Fee"). For the Alternate Project (105 residential units), the Total Affordable Housing Fee shail equai One Million Six Hundred Thirty-four Thousand Four Hundred and Sixteen Dollars ($1,634,416). The Developer shall pay the Total Affordable Housing Fee in accordance with the following schedule: Due Date Amount First Payment 1 Year after Amendment $300,000. Effective Date Second 2 years after $400,000. Payment Amendment Effective Date Third Payment 3 years after $400,000. Amendment Effective Date Amendment No. 1 to the Development Agreement Page 5 of 7 Between the City of Dublin and Western Pacific Housing for the Dublin Transit Center Slte E-1 Project - EXHIBIT B , ~. ~J~ ~ ~ j Fourth Payment 4 years after $534,416. Amendment Effective Date Total $'1,634,4'16. For the Project (3U0 residential units), the Total Affordabie Housing Fee shall equal Four Million Five Hundred Nineiy-six Thousand Seven Hundred and Ninety-five Doliars ($4,596,795) The Developer shali pay the Tota! Affordable Housing Fee in accordance with the following schedule Due Date Amount First Payment 1 Year after Amendment $830,000, Effective Date Second 2 years after $7,100,000. Payment Amendment Effective Date Third Payment 3 years after $1,100,000. Amendm~nt Effective Date Fourth Payment 4 years after $1,566,795. Amendment Effective Dat~ Totai $4,596,795. If the Developer has not submitted plans for the development of the Project or Alternate Project before the Due Date for any of the required Payments specified above, the amount of the Payr7~ent shall be based on the payment schedule for the Alternate Project If Developer m~kes any payment of the Total Affordable Housing Fee based on the Altemaie Project and the Developer submits plans for tfie Project, fhen Developer shali p~~y the Total Affordabie Housing Fee for the Project in accordance with the PayiT~~ent schedule for the Project, provided however that ar~y Payrnents already ~7~ade for the Aiternate Project shall be credited to Payments for the Proj~ct Any Payments for the Project that had a Due Date prior to the date of subrr~issir~n of pl~ns f~.~r the Project shall be paid at the time of submission of Prc~ject plar~~_ _ _ ___- --__..____-------------- Amendment No. 1 to the DevelopmentAgr~ement Page 6 of 7 Between the City of Dublin and Western Pacific Housing for the Dubl~n Transit Cen~er Site E-1 Project - EXHIBIT B ~~ ~ `~' J ~~ ~ This affordable housing requirement constitutes an "alternative method of compliance" under the City's Inclusionary Zoning Regulations (Chapter 8.68 of the Dublin Municipal Code and Section 8.68.040E). Through its approval of this subsection, the City Council hereby finds that the "alternative method of compliance" meets the purposes of the City inclusionary Zoning Regulations and wil! promote the City's affordability and Housing Element goals, and hereby waives the specific requirements of the City Inclusionary Zoning Regulations for the Project or Alternate Project. If the City's Inclusionary Zoning Regulations are repealed or suspended in the future, then Developer is not obligated to make any payment of the portion of the applicable Total Affordable Housing Fee that is due after the effective date of the repeal or suspension of the Regulations. Notwithstanding anything to the contrary in the Agreement, if any payment by Developer required under this subsection is not received in full by the City by the due date for such payment, the approval of Developer's "alternative method of compliance" shall become ineffective. Accordingly, in such event, the City will withhoid further 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 City Inclusionary Zoning Regulations. The affordable housing requirements shall survive termination of the Agreement. Subsection b. Public Art Fee Requirement. For the Project or the Alternate Project, the Developer shall pay a singie public art fee in the amount of Fifty Thousand Doilars ($50,000.00) prior to issuance of the first building permit ("Public Art Fee"). The Public Art Fee shall be used for public art purposes as determined in the sole discretion of the City. The payment of the Public Art Fee shall constitute full cornpliance with Condition of Approval 41 of the Site Development Review for the Project and shall constitute full compliance with all Public Art Fee conditions or requirements that may be applied to the Alternative Project. 1486357.10 Amendment No. 1 to the Development Agreement Page 7 of 7 Between the City of Dublin and Western Pacific Housing for the Dublin Transit Center Site E-1 Project - EXHIBIT B