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HomeMy WebLinkAboutItem 4.06 Fallon Gateway DAG~~~ OF U~~~ 19~ • ~~ ,82 ~~~~~~ ~'~c,C~~~° DATE: TO: FROM: SUBJECT: STAFF REPORT C I T Y C L E R K DUBLIN CITY COUNCIL File # ^~~~-~~ September 21, 2010 Honorable Mayor and City Councilmembers Joni Pattillo, City Manager PA 08-034 Fallon Gateway: Development Agreement for the Fallon Gateway Commercial Center Report prepared by Mike Porto, Consulting Planner and Martha Aja, Environmental Specialist EXECUTIVE SUMMARY: The Fallon Gateway Project is a commercial center which includes 379,053 square feet of retail development, with the first three phases totaling 311,553 square feet of development. The project site is located at the southwest corner of Dublin Boulevard and Fallon Road. The item before the City Council for approval is the Project Development Agreement. FINANCIAL IMPACT: This project poses no financial impact to the City. RECOMMENDATION: Staff recommends that the City Council waive the reading and adopt an Ordinance approving a Development Agreement for Fallon Gateway between the City of Dublin and Stanforth Holding Company, L.L.C. i~ ~~ 1 S bmitted By Community Development Director COPIES TO: Applicant Review y Assistant City Manager File f ' • /_ ITEM NO.: `~ ~G~ Page 1 of 2 G:IPA#120081PA 08-034 Fallon Gateway (Target)ICity Council 9.21.10 Second ReadinglFallon Gateway Staff Report.doc DESCRIPTION: Background: The 33.91 net acre project site is bounded to the north across Dublin Boulevard by a vacant property approved for General Commercial uses; to the south by Interstate 580; to the west by a vacant property owned by Kaiser Permanente approved for Campus Office and anticipated to be developed with medical offices and a hospital; and to the east (across Fallon Road) by a vacant property approved for General Commercial land uses (refer to the Vicinity Map to the flght~. The Fallon Gateway project site is within Area C of Dublin Ranch within the Eastern Dublin Specific Plan Area. Area C covers approximately 85 acres including the 33.91 acre Fallon Gateway project site. Vicinity Map ~ ~ T)L!F~LI?~~ Rt1NCN ;~ c2~,r~,re,u, rA+~ K''Y AR F.~ B ~ TH~' . ~.~°~ DPFN SPACE ..~K`f3'ARL~~ ;~ ° , # ~~~ ~ ~ ~ , ~~.:~~ ~ , ,. _. , ~ '~ ': ~ c,ito~rt;s~ '_ ~~ ~~ ~ AREA C -- ~ GC TH~~~a :~ ~~ ~R~;e'~~~ ~` . . xXlBl~~ ~'~tP K:o .. ~.~. ., y,~~~,'~ ~, }-UTiTk1:Iu~1S~R ~'~., Pt RhL~\I~N'['t; Ht)SPIT:11. On September 7, 2010, the City Council waived the reading and introduced the Ordinance approving a Development Agreement for Fallon Gateway. Please refer to the September 7, 2010 City Council Staff Report for a complete discussion of this Ordinance (Attachment 1). The City Council is currently requested to waive the second reading and adopt the Ordinance (Attachment 2). ATTACHMENTS: 1) City Council Staff Report dated September 7, 2010 (without attachments). 2) Ordinance approving a Development Agreement for Fallon Gateway with the Development Agreement included as Exhibit A. 2 of 2 FAI.LUN (~,A'f[',1l'AY ~~~ OF DpB~ /~~ ~~ ~ G /~a~ y ,I~ ~~~/ '° STAFF REPORT C I T Y C L E R K ~~~,~~// ~ ~ ~~ DUBLIN CITY COUNCIL File # ^~~~Q]-~~ ~(IFOR~ DATE: September 7, 2010 TO: Honorable Mayor and City Councilmembers FROM: Joni Pattillo, City Manager SUBJECT: PUBLIC HEARING - PA 08-034 Fallon Gateway Commercial Center, Development Agreement for Fallon Gateway. Reporf prepared by Mike Porto, Consulting Planner and Martha Aja, Environmeratal Specialist EXECUTIVE SUMMARY: The Fallon Gateway Projeet is a commercial center which includes 379,Q53 square feet of retail development, with the first three phases totaling 311,553 square feet of development. The project site is located at the southwest corner of Dublin Boulevard and Falion Road. The item before the City Council for approval is the Project Development Agreement. FINANCIAL IMPACT: This project poses no fi.nancial impact to the City. RECOMMENDATION: Staff recommends that the City Council: 1) Receive Staff presentation; 2) Open the Public Hearing; 3) Take testimony from the Applicant and the public; 4) Close the public hearing and deliberate; and 5) Waive the reading and introduce an Ordinance approving a Development Agreement for Fallon Gateway. S bmitted By Revie y Community Development Director Assistant City Manager --~-~ ~_ _ ~. .._,.....~.r COPIES TO: Applicant File ,, ~ ~ t__ ~ ±~- ~~ . . ~~ ,, ,r Page 1 of 5 G:IPA#120081PA 08-034 Fallon Gateway (Target)ICity Council 9.7.101Fa!!on Gafeway Staff Report.doc A TT A (`AMFNT 1 ~~ ,~3 I ~~r Background: The 33.91 net acre project site is bounded to the north across Dublin Boulevard by a vacant property approved for General Commercial uses; to the south by Interstate 580; to the west by a vacant property owned by Kaiser Permanente approved for Campus Office and anticipated to be developed with medical offices and a hospital; and to the east (across Falion Road) by a vacant property approved for General Commercial land uses (refer to the Vicinity Map to the left). The Fallon Gateway project site is within Area C of Dublin Ranch within~ the Eastern Dublin Specific Plan Area. Area C covers approximately 85 acres including the 33.91 acre Fallon Gateway project site. Entitlement History: The zoning requirements for Dublin Ranch Areas B-E (which includes the project site) were established by Ordinance 24-97 dated December 2, 1997 establishing a Planned Development Rezone, and by the City Council Resolution 141-97 dated November 18, 1997. The Planned Development rezone for Areas B-E predates the Stage 1 and Stage 2 Development Plans referenced in Chapter 8.32 (Planned Development Zoning District) of the City of Dublin's Zoning Ordinance. In April 2009, the Planning Commission held a public hearing and reviewed the Fallon Gateway project. At that meeting, the Planning Commission approved a Resolution approving a Site Development Review for Phases 1, 2 and 3 of the project (Resolution No. 09-18). The Site Development Review included 4 major tenant spaces (Major A, Major B, Major C and Major D) and 6 smaller retail buildings (Shops 5- 10) fior a total of 311,553 square feet of development. Additionally, the Planning Commission recommended that the City Council adopt an Ordinance approving an amendment to the Planned Development (PD) District for Dublin Ranch Area C to establish architectural and landscape design criteria, specific parking standards and the permitted, conditional and temporary uses for the entire Fallon Gateway project site (Phase 1, 2, 3 and 4). Because this project was approved under the. existing Area B-E Planned Development, it was appropriate to amend the PD document to modify the design criteria, parking standards and the permitted conditional and temporary uses. In June 2009, the City Council adopted an Ordinance approving an amendment to the PD District for Dublin Ranch Area C, specifically for the Fallon Gateway site, to establish architectural and landscape design criteria, parking standards, permitted, conditional and temporary uses (Ordinance No. 9-09). The amendment to the PD District of Dublin Ranch Area C applies to all phases of development for the Fallon Gateway Commercial Center. In March 2010, the Applicant, in finalizing their agreement with Target Stores, became aware of concerns that Target had with the approved building layout and the multiple exterior building materials that were approved for the Target farade. Target requested that some minor 2 of 5 DESCRIPTION: r°" r~ ~1 . ~,~ ~ :...,~ ~~ ,,,) modifications be made to the floor plan and exterior elevations to eliminate the garden center and to reduce the number of exterior building materials. Staff worked with the Applicant and the Target representatives to modify the Target building. Section 8.104.040. A.,13. "Minor Fa~ade Modifications" of the Zoning Ordinance designates the Community Development Director as review authority for modifications such as but not limited to .....building materials, architectural details or a combination of improvements which would typically require a Site Development Review Waiver if constructed separately. On May 18, 2010, pursuant to Section 8.104.040, the Community Development Director approved the minor revisions. Subsequently, the Planning Commission did review the Development Agreement and Fallon Gateway for overall minor revisions for the entire center relating to the Target modifications in order to keep the center consistent architecturally on August 10, 2010. Details of the Planning Commission's review are included on page 5 of this Staff Report. Current Proposal: The application before the City Council consists of a Development Agreement between the City of Dublin and the Applicant, Stanforth Holding Company, L.L.C. ANALYSIS: Development Agreement Projects within the Eastern Dublin Specific Plan (EDSP) require a Development Agreement befinreen the City and the Developer. California Government Code §§ 65864 et seq. and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8..56") authorize the City to enter into an agreement for the development of real property with any person having a legal or equitable interest in such property in order to obtain certain commitments and establish certain development rights for the property. The Development Agreement must be approved prior to issuance of building permits for the development of the property. The Development Agreement provides security to the developer that the City will not change its zoning and other laws applicable to the project for a period of 5 years and would terminate in 2015. The City also benefits from entering into the Development Agreement with the property owner. This document is a contract that establishes obligations for meeting the goals of the EDSP and guarantees timing for construction of public infrastructure and facilities for the project area. Additionally, it ensures that dedications of property and easements are made, project phasing is followed, the appropriate fees are paid for the development, and any additional terms of the agreement are carried out as development proceeds. The proposed Development Agreement also would be consistent with the preceding development agreements. In return, the Developer agrees to comply with the Conditions of Approval and, in some cases, make commitments for which the City might otherwise have no authority to compel the Developers to perform. Specifically, the Development Agreement augments the City's standard development regulations; defines the precise financial responsibilities of the developer; ensures timely provision of adequate public facilities for each project; and provides terms for the Developer to advance funds for specific facilities which have community or area-wide benefit or for reimbursement from future development, as appropriate. Since the Development Agreement runs with the land, the rights thereunder can be assigned. The Development Agreement proposed is a standard Development Agreement. There are no unique or special provisions. A City Council Ordinance approving the Development Agreement is included as Attachment 1, with the Development Agreement attached as Exhibit A. NOTICING REQUIREMENTS/PUBLIC OUTREACH: 3 of 5 ~ ~ ~~ ~ In accordance with State law, a Public Notice was mailed to all property owners and occupants within 300 feet of the proposed Project. A Public Notice was also published in the Valley Times and posted at several locations throughout the City. ENVIRONMENTAL REi/IEW: On May 10, 1993, the Dublin City Council adopted Resolution No. 51-93, certifying an Environmental Impact Report (EIR) for the Eastern Dublin General Plan Amendment and Eastern Dublin Specific Plan (Eastern Dublin EIR, SCH #91103064). The certified EIR consisted of a Draft EIR and Responses to Comments bound volumes, as well as ~an Addendum dated May 4, 1993, assessing a reduced development alternative. The City Council adopted Resolution No. 53-93 approving a General Plan Amendment and a Specific Plan for the reduced area alternative on May 10, 1993. On August 22, 1994, the City Council adopted a second Addendum updating wastewater disposal plans for Eastern Dublin. For identified impacts that could not be mitigated to a less than significant level, the City Council adopted a Statement of Overriding Considerations for cumulative traffic, extension of certain community facilities (natural gas, electric and telephone service), regional air quality, noise, and other impacts. The Eastern Dublin Specific Plan was adopted by the City to encourage orderly growth of the Eastern Dublin area. Because the Eastern Dublin project proposed urbanization of the almost completely undeveloped Eastern Dublin area, the Eastern Dublin EIR also analyzed conversion of agricultural and open space lands to urban uses. These impacts together with visual and other impacts from urbanization were also determined to be significant and unavoidable. Where the Eastern Dublin EIR identified impacts that could be mitigated, the previously adopted mitigation measures continue to apply to implementing projects such as Fallon Gateway, as appropriate. The Eastern Dublin EIR was a Program EIR and evaluated the potential environmental effects of urbanizing Eastern Dublin over a 20 to 30 year period. As such, the Eastern Dublin EIR addressed the cumulative effects of developing in agricultural and open space areas and the basic policy considerations accompanying the change in character from undeveloped to developed lands. In 1997, the Dublin City Council approved a Negative Declaration (Resolution No. 140-97) for the Planned Development Rezoning of Dublin Ranch Areas B-E, which includes the Fallon Gateway project site. After completing an Initial Study, it was determined that the rezoning would not have any significant environmental impacts which were not already adequately described and analyzed in the Program EIR. The project as proposed does not exceed the thresholds identified in the Negative Declaration. No further environmental document is needed because the environmental impacts of this project were fully addressed and within the scope of the Final EIR for the Eastern Dublin General Plan Amendment, Specific Plan and subsequent Addendum and the 1997 Negative Declaration. Planning Commission Action: On August 10, 2010, the Planning Commission held a public hearing to review the Fallon Gateway Project. At the public hearing, the Planning Commission discussed access points to the site, truck movements through the site, the longevity of the pedestals in the medians, the pedestrian friendly elements of the center and the Development Agreement. The Planning 4of5 ~ ~,~#~ ~~ 1 Commission Agenda Statement is included as Attachment 2 and the draft minutes of th~ Planning Commission meeting are included as Attachment 3. The Commission deliberated and approved the following resolutions by a 5-0 vote: • Resolution 10-32, approving a Conditional Use Permit for a Minor Amendment to the Planned Development Zoning District and Site Development Review amendments for Fallon Gateway (Attachment 4); and • Resolution 10-33, recommending that the City Council adopt an Ordinance approving a Development Agreement for the Fallon Gateway Project (Attachment 5). ATTACHMENTS: 1) Ordinance approving a Development Agreement for Fallon Gateway with the Development Agreement included as Exhibit A. 2) Planning Commission Agenda Statement, August 10, 2010 (without Attachments). 3) Draft Planning Commission meeting minutes, August 10, 2010. 4) Planning Commission Resolution 10-32 approving a Conditional Use Permit for a Minor Amendment to the Planned Development Zoning District and Site Development Review amendments for Fallon Gateway. 5) Planning Commission Resolution 10-33 recommending that the City Council adopt an Ordinance approving a Development Agreement. 5 of 5 ~ ~~ ~ ~~ .i ORDINANCE NO. XX - 10 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DUBLIN ************* APPROVING A DEVELOPMENT AGREEMENT FOR FALLON GATEWAY BETWEEN THE CITY OF DUBLIN AND STANFORTH HOLDING COMPANY, L.L.C. APN: 985-0027-009-03 PA 08-034 THE CITY COUNCIL OF THE CITY OF DUBLIN DOES HEREBY ORDAIN AS FOLLOWS: Section 1. RECITALS A. The proposed Fallon Gateway ("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 Element Map, and Eastern Dublin Specific Plan Land Use Map as General CommerciaL B. The project is located within the Eastern Dublin Specific Plan area, which was the subject of an Environmental Impact Report (EIR) for the General Plan Amendment and Eastern Dublin Specific Plan (SCH #91103064), certified by City Council Resolution 51-93 on May 10, 1003, with two addenda approved on May 4, 1993 and August 22, 1994. In 1997, a Negative Declaration for the Planned Development Rezoning of Dublin Ranch Areas B-E was approved by Resolution No. 140-97 of the City Council. After completion of an tnitial Study, it was determined that the rezoning would not have significant environmental impacts which where not already adequately described and analyzed in the Program EIR. No further environmental review is needed for the current application because the environmental impacts of this project were fully addressed and within the scope of the final EIR for the Eastern Dublin General Plan Amendment, Specific Plan and subsequent Addenda and the 1997 Negative Declaration. C. A public hearing on the proposed Development Agreement was held before the Planning Commission on August 10, 2010, for which public notice was given as provided by law. D. The Planning Commission has made its recommendation to the City Council for approval of the Development Agreement. F. A public hearing on the proposed Development Agreement was held before the City Council on September 7, 2010 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 at its August 10, 2010 meeting, including the Planning Commission's reasons for its recommendation, the Staff Report, all comments received in writing and all testimony received at the public hearing. Page 1 of 3 ATTACHMENT 2 7~ 3~ ~ 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 Dublin Specific Plan, (d) the Eastern Dublin EIR, (e) the Agenda Statement, and on the basis of the specific conclusions set forth below, the City Council finds and determines that: 1. The Project is consistent with the objectives, policies, land uses and programs specified and contained in the City's General Plan and Eastern Dublin Specific Plan in that (a) the project includes a Planned Development Rezone and Site Development Review application for the Fallon Gateway project to establish architectural and landscape design criteria, parking standards and uses for the Fallon Gateway project, (b) the proposed project is consistent with the existing General Commercial land use designation of the project site, (c) the project is consistent with the fiscal policies in relation to provision of infrastructure and public services of the City's Eastern Dublin Specific Plan/General Plan; and (d) the Fallon Gateway Development Agreement includes provisions relating to vesting of development rights, and similar provisions set forth in the Specific Plan. 2. The Fallon Gateway Development Agreement is compatible with the uses authorized in, and the regulations prescribed for, the land use districts in which the real property is located in that the project approvals include Planned Development Rezone and Site Development Review application for the Fallon Gateway project site. 3. The Fallon Gateway Development Agreement is in conformity with public convenience, general welfare and good land use policies in that the project will implement land use guidelines set forth in the General Plan and the Eastern Dublin Specific Plan which have planned for commercial uses at this location. 4. The Fallon Gateway Development Agreement will not be detrimental to the health, safety and general welfare in that the project will proceed in accordance with all the programs and policies of the Eastern Dublin Specific Plan. 5. The Fallon Gateway Development Agreement will not adversely affect the orderly development of property or the preservation of property values in that the project will be consistent with the General Plan and with the Specific Plan. Section 3. APPROVAL The City Council hereby approves the Development Agreement (Exhibit A) and authorizes the Mayor to execute it. Section 4. RECORDATION Within ten (10) days after the Development Agreement is fully executed by all parties, the City Clerk shall submit the Agreement to the County Recorder for recordation. Page 2 of 3 l./ 4 ^l ~ Section 5. EFFECTIVE DATE AND POSTING OF ORDINANCE This Ordinance shall take effect and be in force thirty (30) days from and after the date of its passage. The City Clerk of the City of Dublin shall cause the Ordinance to be posted in at least three (3) public places in the City of Dublin in accordance with Section 36933 of the Government Code of the State of California. PASSED, APPROVED AND ADOPTED BY the City Council of the City of Dublin, on this 21 St day of September 2010 by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk G:\PA#\2008\PA 08-034 Fallon Gateway (Target)\City Council 9.21.10 Second Reading\CC Ordinance DA.DOC Page 3 of 3 RECORDING REQUESTED BY: CITY OF DUBLIN When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568 Fee Waived per GC 27383 ~~/~ ~~ V ~O D ~p ~ Space above this line for Recorder's use DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND STANFORTH HOLDING COMPANY, L.L.C. FOR THE FALLON GATEWAY PROJECT EXHIBIT A TO A TT ~ ~Trw,r.-.~i..m .~ l~ 31 THIS DEVELOPMENT AGREEMENT (this "Agreement" or this "Development Agreement") is made and entered in the City of Dublin on this 21St day of September, 2010, by and between the CITY OF DUBLIN, a Municipal Corporation (hereafter "City") and Stanforth Holding Company, L.L.C., a Delaware limited liability company (hereafter "Developer") pursuant to the authority of §§ 65864 et seq. of the California Government Code and Dublin Municipal Code, Chapter 8.56. City and Developer are, from time-to-time, individually referred to in this Agreement as a"Party," and are collectively referred to as "Parties." RECITALS A. California Government Code §§65864 et seq. ("Development Agreement Statute") and Chapter 8.56 of the Dublin Municipal Code (hereafter "Chapter 8.56") authorize the City to enter into a Development Agreement for the development of real property with any person having a legal or equitable interest in such property in order to establish certain development rights in such property. B. Developer intends to purchase, desires to develop, and holds an equitable interest in certain real property consisting of approximately 33.9 acres of land, located in the City of Dublin, County of Alameda, State of California, which is more particularly described in Exhibit A attached hereto and incorporated herein by this reference, and which real property is hereafter called the "Property." C. The City Council adopted the Eastern Dublin Specific Plan by Resolution No. 53-93 which Plan is applicable to the Property. The Eastern Dublin Specific Plan requires Developer to enter into a development agreement as a condition of the development of the Property. D. The Property is within Area C, which is subject to a Master Development Agreement between the City of Dublin and the Lins dated June 29, 1999 and recorded in Official Records Alameda County on July 8, 1999 as Instrument No. 99251790, and a Supplemental Development Agreement befinreen the City of Dublin and the Lins dated April 18, 2000 and recorded in Official Records of Alameda County on November 13, 2000 as Instrument No. 200335772. E. Developer proposes the development of the Property, and Developer proposes to develop 3 initial phases of the project on approximately 27.33 net acres, consisting of 10 structures totaling approximately 311,553 square feet ("the Initial Phase"). At a later date, Developer will develop the remaining portions of the Property. The Initial Phase and the remaining phase or phases of the development are collectively referred to as "the Project." Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 2 of 16 for the Fallon Gateway Project 1~~ ~( F. Developer, or its predecessor in interest, has applied for, and City has approved or is processing, various land use approvals in connection with the development of the Project, including, without limitation, the Stage 1 and Stage 2 Development Plan for Area C(Ord. No. 24-97, as amended by Ord. No. 9-09 and by Planning Commission Reso. No. 09-18); and Site Development Review for the Initial Phase (Planning Commission Reso. No. 09-18). All such approvals collectively, together with any approvals or permits now or hereafter issued with respect to the Project are referred to as the "Project Approvals." G. Development of the Property by Developer may be subject to certain future discretionary approvals, which, if granted, shall automatically become part of the Project Approvals as each such approval becomes effective. It is specifically anticipated that the Project will require additional site development review approval for the phases in the shopping center following the Initial Phase. H. City desires the timely, efficient, orderly and proper development of the Project. I. The City Council has found that, among other things, this Development Agreement is consistent with its General Plan and the Eastern Dublin Specific Plan and has been reviewed and evaluated in accordance with the Development Agreement Statute and Chapter 8.56. J. City and Developer have reached agreement and desire to express herein a Development Agreement that will facilitate development of the Project subject to conditions set forth herein. K. The Fallon Gateway site is subject to the Eastern Dublin Specific Plan, for which an Environmental Impact Report (EIR, SCH 91103064) was certified by the City Council in Resolution No 51-93 on May 10, 1993 and Addenda dated May 4, 1994 and August 22, 1994. The EIR is a Program EIR which anticipated several subsequent actions related to future development in Eastern Dublin. Upon approval of the Specific Plan, the City adopted a Statement of Overriding Considerations and a Mitigation Monitoring Program which included numerous measures intended to reduce impacts from the development of the Eastern Dublin area. In 1997, the City Council approved a Negative Declaration through Resolution No. 140-97 for the Planned Development Rezoning of Dublin Ranch Areas B-E, which includes the Fallon Gateway site. The Negative Declaration concluded that the rezoning would not have any significant environmental impacts which were not already adequately described and analyzed in the Program EIR. The Fallon Gateway project as proposed does not exceed the thresholds identified in the Negative Declaration. No further environmental review is needed for the Development Agreement because the environmental impacts of development at Fallon Gateway were fully addressed and are within the scope of the Eastern Dublin Specific Plan EIR and subsequent Addenda, and the 1997 Negative Declaration, and the proposed project is Dublin/Stanforth Holding Company, L.L.C. DevelopmentAgreement Page 3 of 16 for the Fallon Gateway Project /a~ ~~ ~ subject to all applicable mitigation measures and the related Mitigation Monitoring Program. L. On September 21, 2010, the City Council of the City of Dublin adopted Ordinance No. approving this Development Agreement ("the Approving Ordinance"). The Approving Ordinance will take effect on October 21, 2010 ("the Approval Date"). NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations and covenants herein contained, City and Developer agree as follows: AGREEMENT Description of Property. The Property that is the subject of this Agreement is described in Exhibit A attached hereto. 2. Interest of Developer. The Developer has a legal or equitable interest in the Property in that it is the owner of the property. 3. Relationship of Citv and Developer. It is understood that this Agreement is a contract that has been negotiated and voluntarily entered into by the City and Developer and that the Developer is not an agent of the City. The City and Developer hereby renounce the existence of any form of joint venture or partnership between them, and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making the City and Developer joint venturers or partners. 4. Effective Date and Term. 4.1 Effective Date. The effective date of this Agreement shall be the Approval Date ("the Effective Date"). 4.2 Term. The term of this Agreement shall commence on the Effective Date and extend five (5) years thereafter, unless said term is otherwise terminated or modified by circumstances set forth in this Agreement. 5. Use of the Propert~ 5.1 Riqht to Develoq. Developer shall have the vested right to develop the Project on the Property in accordance with the terms and conditions of this Agreement, the Project Approvals (as and when issued), and any amendments to any of them as shall, from time to time, be approved pursuant to this Agreement (such amendments once effective shall become part of the law Dublin/Stanforth Holding Company, L. L.C. Development Agreement Page 4 of 16 for the Fallon Gateway Project ~3~3I Developer is vested into without an additional amendment of this Agreement). Notwithstanding the foregoing or anything to the contrary herein, any amendment to the General Plan, Specific Plan and PD zoning applicable to the Property and in effect on the Effective Date shall not become part of the law Developer is vested into under this Agreement unless an additional amendment of this Agreement is voluntarily entered into between Developer and City in accordance with State and City laws. 5.2 Permitted Uses. The permitted uses of the Property, the density and intensity of use, the maximum height, bulk and size of proposed buildings, provisions for reservation or dedication of land for public purposes and location and maintenance of on-site and off-site improvements, location of public utilities (operated by the City) and other terms and conditions of development applicable to the Property, shall be those set forth in this Agreement, the Project Approvals and any amendments to this Agreement or the Project Approvals (subject to the provisions of Section 5.1). 5.3 Additional Conditions. Provisions for the following ("Additional Conditions") are set forth in Exhibit B attached hereto and incorporated herein by reference. 5.3.1 Subsequent Discretionarv Approvals. Conditions, terms, restrictions, and requirements for subsequent discretionary actions. (These conditions do not affect Developer's responsibility to obtain all other land use approvals required by the ordinances of the City of Dublin other approvals from regulatory agencies.) See Exhibit B 5.3.2 Mitiqation Conditions. Additional or modified conditions agreed upon by the parties in order to eliminate or mitigate adverse environmental impacts of the Project or otherwise relating to development of the Project. See Exhibit B 5.3.3 Phasinq, Timing. Provisions that the Project be constructed in specified phases, that construction shall commence within a specified time, and that the Project or any phase thereof be completed within a specified time. See Exhibit B 5.3.4 Financinq Plan. Financial plans which identify necessary capital improvements such as streets and utilities and sources of funding. See Exhibit B Dublin/Stanforth Holding Company, L.L.C. DevelopmentAgreement Page 5 of 16 for the Fallon Gateway Project i~ ~r ~ 5.3.5 Fees, Dedications. Terms relating to payment of fees or dedication of property. See Exhibit B 5.3.6 Reimbursement. Terms relating to subsequent reimbursement over time for financing of necessary public facilities. See Exhibit B 5.3.7 Miscellaneous. Miscellaneous terms. Not applicable. 6. Applicable Rules. Reaulations and Official Policies. 6.1 Rules Reqardinq Permitted Uses. For the term of this Agreement, the City's ordinances, resolutions, rules, regulations and official policies governing the permitted uses of the Property, governing density and intensity of use of the Property and the maximum height, bulk and size of proposed buildings shall be those in force and effect on the Effective Date of the Agreement. 6.2 Rules Regarding Design and Construction. Unless otherwise expressly provided in Paragraph 5 of this Agreement, the ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to the Project shall be those in force and effect at the time of the applicable discretionary approval, whether the date of that approval is prior to or after the date of this Agreement. Ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to public improvements to be constructed by Developer shall be those in force and effect at the time of the applicable discretionary approval, whether date of approval is prior to or after the date of this Agreement. 6.3 Uniform Codes Applicable. The Project shall be constructed in accordance with the provisions of the Uniform Building, Mechanical, Plumbing, Electrical and Fire Codes and Title 24 of the California Code of Regulations, relating to Building Standards, in effect at the time of approval of the appropriate building, grading, encroachment, or other construction permits for the Project. 7. Subsequently Enacted Rules and Requlations. 7.1 New Rules and Requlations. During the term of this Agreement, the City may apply new or modified ordinances, resolutions, rules, regulations and official policies of the City to the Property which were not in force and effect on the Effective Date of this Agreement and which are not in conflict with those applicable to the Property as set forth in this Agreement if: (a) the application of such new or modified ordinances, resolutions, rules, regulations or official Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 6 of 16 for the Fallon Gateway Project ~~~,° ~~ ~; policies would not prevent, impose a substantial financial burden on, or materially delay development of the Property as contemplated by this Agreement and the Project Approvals and (b) if such ordinances, resolutions, rules, regulations or official policies have general applicability. 7.2 Approval of Application. Nothing in this Agreement shall prevent the City from denying or conditionally approving any subsequent land use permit or authorization for the Project on the basis of such new or modified ordinances, resolutions, rules, regulations and policies except that such subsequent actions shall be subject to any conditions, terms, restrictions, and requirements expressly set forth herein. 7.3 Moratorium Not Applicable. Notwithstanding anything to the contrary contained herein, in the event an ordinance, resolution or other measure is enacted, whether by action of the City, by initiative, referendum, or otherwise, that imposes a building moratorium, a limit on the rate of development or a voter- approval requirement which affects the Project on all or any part of the Property, the City agrees that such ordinance, resolution or other measure shall not apply to the Project, the Property, this Agreement or the Project Approvals unless the building moratorium is imposed as part of a declaration of a local emergency or state of emergency as defined in Government Code § 8558. 8. Subsequentlv Enacted or Revised Fees, Assessments and Taxes. 8.1 Fees, Exactions, Dedications The City and Developer agree that the fees payable and exactions required in connection with the development of the Project for purposes of mitigating environmental and other impacts of the Project, providing infrastructure for the Project and complying with the Specific Plan shall be those set forth in the Project Approvals and in this Agreement (including Exhibit B). The City shall not impose or require payment of any other fees, dedications of land, or construction of any public improvement or facilities, shall not increase or accelerate existing fees, dedications of land or construction of public improvements, or impose other exactions in connection with any subsequent discretionary approval for the Property, except as set forth in the Project Approvals and this Agreement (including Exhibit B, subparagraph 5.3.5). 8.2 Revised Application Fees. Any existing application, processing and inspection fees that are revised during the term of this Agreement shall apply to the Project provided that (1) such fees have general applicability; (2) the application of such fees to the Property is prospective only; and (3) the application of such fees would not prevent, impose a substantial financial burden on, or materially delay development in accordance with this Agreement. 8.3 New Taxes. Any subsequently enacted city-wide taxes shall apply to the Project provided that: (1) the application of such taxes to the Property is prospective; and (2) the application of such taxes would not prevent development in accordance with this Agreement. Dublin/Stanforth Holding Company, L.L.C. DevelopmentAgreement Page 7 of 16 for the Fallon Gateway Project /b~~ ~~ 8.4 Assessments. Nothing herein shall be construed to relieve the Property from assessments levied against it by the City pursuant to any statutory procedure for the assessment of property to pay for infrastructure and/or services which benefit the Property. 8.5 Vote on Future Assessments and Fees. In the event that any assessment, fee or charge which is applicable to the Property is subject to Article XIIID of the Constitution and Developer does not return its ballot, Developer agrees, on behalf of itself and its successors, that the City may count Developer's ballot as affirmatively voting in favor of such assessment, fee or charge. 9. Amendment or Cancellation. 9.1 Modification Because of Conflict with State or Federal Laws. In the event that state or federal laws or regulations enacted after the Effective Date of this Agreement prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans, maps or permits approved by the City, the parties shall meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Any such amendment or suspension of the Agreement shall be subject to approval by the City Council in accordance with Chapter 8.56. 9.2 Amendment by Mutual Consent. This Agreement may be amended in writing from time to time by mutual consent of the parties hereto and in accordance with the procedures of State law and Chapter 8.56. 9.3 Insubstantial Amendments. Notwithstanding the provisions of the preceding paragraph 9.2, any amendments to this Agreement which do not relate to (a) the term of the Agreement as provided in paragraph 4.2; (b) the permitted uses of the Property as provided in paragraph 5.2; (c) provisions for "significant" reservation or dedication of land as provided in Exhibit B; (d) conditions, terms, restrictions or requirements for subsequent discretionary actions; (e) the density or intensity of use of the Project; (fl the maximum height or size of proposed buildings; or (g) monetary contributions by Developer as provided in this Agreement, shall not, except to the extent otherwise required by law, require notice or public hearing before either the Planning Commission or the City Council before the parties may execute an amendment hereto. The City's Public Works Director shall determine whether a reservation or dedication is "significant". 9.4 Cancellation by Mutual Consent. Except as otherwise permitted herein, this Agreement may be canceled in whole or in part only by the mutual consent of the parties or their successors in interest, in accordance with the provisions of Chapter 8.56. Any fees paid pursuant to Paragraph 5.3 and Exhibit B of this Agreement prior to the date of cancellation shall be retained by the City. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 8 of 16 for the Fallon Gateway Project ~~~~3~ ~ 10. Term of Proiect Approvals Pursuant to California Government Code Section 66452.6(a), the term of any vesting tentative map described above shall automatically be extended for the term of this Agreement. The term of any other Project Approval shall be extended only if so provided in Exhibit B. 11. Annual Review. 11.1 Review Date. The annual review date for this Agreement shall be between July 15 and August 15, 2011 and thereafter between each July 15 and August 15 during the Term. 11.2 Initiation of Review. The City's Community Development Director shall initiate the annual review, as required under Section 8.56.140 of Chapter 8.56, by giving to Developer thirty (30) days' written notice that the City intends to undertake such review. Developer shall provide evidence to the Community Development Director prior to the hearing on the annual review, as and when reasonably determined necessary by the Community Development Director, to demonstrate good faith compliance with the provisions of the Agreement. The burden of proof by substantial evidence of compliance is upon the Developer. 11.3 Staff Reports. To the extent practical, the City shall deposit in the mail and fax to Developer a copy of all staff reports, and related exhibits concerning contract performance at least five (5) days prior to any annual review. 11.4 Costs. Costs reasonably incurred by the City in connection with the annual review shall be paid by Developer in accordance with the Gity's schedule of fees in effect at the time of review. 12. Default. 12.1 Other Remedies Available. Upon the occurrence of an event of default, the parties may pursue all other remedies at law or in equity which are not otherwise provided for in this Agreement or in the City's regulations governing development agreements, expressly including the remedy of specific perFormance of this Agreement. 12.2 Notice and Cure. Upon the occurrence of an event of default by either party, the nondefaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured by the defaulting party within thirty (30) days after service of such notice of default, the nondefaulting party may then commence any legal or equitable action to enforce its rights under this Agreement; provided, however, that if the default cannot be cured within such thirty (30) day period, the nondefaulting party shall refrain from any such legal or equitable action so long as the defaulting party begins to cure such default within such thirty (30) day period and diligently pursues such cure to completion. Failure to give notice shall not constitute a waiver of any default. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 9 of 16 for the Fallon Gateway Project i~~ ~~ 12.3 No Damaqes Aqainst Citv. Notwithstanding anything to the contrary contained herein, in no event shall damages be awarded against the City upon an event of default or upon termination of this Agreement. 13. Estoppel Certificate. Either party may, at any time, and from time to time, request written notice from the other party requesting such party to certify in writing that, (a) this Agreement is in full force and effect and a binding obligation of the parties, (b) this Agreement has not been amended or modified either orally or in writing, or if so amended, identifying the amendments, and (c) to the knowledge of the certifying party the requesting party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults. A party receiving a request hereunder shall execute and return such certificate within thirty (30) days following the receipt thereof, or such longer period as may reasonably be agreed to by the parties. City Manager of the City shall be authorized to execute any certificate requested by Developer. Should the party receiving the request not execute and return such certificate within the applicable period, this shall not be deemed to be a default, provided that such party shall be deemed to have certified that the statements in clauses (a) through (c) of this section are true, and any party may rely on such deemed certification. 14. Mortqaqee Protection; Certain Riqhts of Cure. 14.1 Mortgaqee Protection. This Agreement shall be superior and senior to any lien placed upon the Property, or any portion thereof after the date of recording this Agreement, including the lien for any deed of trust or mortgage ("Mortgage"). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage made in good faith and for value, but all the terms and conditions contained in this Agreement shall be binding upon and effective against any person or entity, including any deed of trust beneficiary or mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise. 14.2 Mortgaqee Not Obliqated. Notwithstanding the provisions of Section 14.1 above, no Mortgagee shall have any obligation or duty under this Agreement, before or after foreclosure or a deed in lieu of foreclosure, to construct or complete the construction of improvements, or to guarantee such construction of improvements, or to guarantee such construction or completion, or to pay, perform or provide any fee, dedication, improvements or other exaction or imposition; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by the Project Approvals or by this Agreement. Dublin/Stanforth Holding Company, L.L.C. DevelopmentAgreement Page 10 of 16 for the Fallon Gateway Project ~~~ , ~ ~l 14.3 Notice of Default to Mortqaqee and Extension of Riqht to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's notice. The City, through its City Manager, may extend the thirty-day cure period provided in paragraph 12.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee. 15. Severability. The unenforceability, invalidity or illegality of any provisions, covenant, condition or term of this Agreement shall not render the other provisions unenforceable, invalid or illegal. 16. Attorneys' Fees and Costs. If the City or Developer initiates any action at law or in equity to enforce or interpret the terms and conditions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs in addition to any other relief to which it may otherwise be entitled. If any person or entity not a party to this Agreement initiates an action at law or in equity to challenge the validity of any provision of this Agreement or the Project Approvals, the parties shall cooperate in defending such action. Developer shall bear its own costs of defense as a real party in interest in any such action, and shall reimburse the City for all reasonable court costs and attorneys' fees expended by the City in defense of any such action or other proceeding. 17. Transfers and Assiqnments. 17.1 Riqht to Assiqn. Developer may wish to sell, transfer or assign all or portions of its Property to other developers (each such other developer is referred to as a"Transferee"). In connection with any such sale, transfer or assignment to a Transferee, Developer may sell, transfer or assign to such Transferee any or all rights, interests and obligations of Developer arising hereunder and that pertain to the portion of the Property being sold or transferred, to such Transferee, provided, however, that: no such transfer, sale or assignment of Developer's rights, interests and obligations hereunder shall occur without prior written notice to City and approval by the City Manager, which approval shall not be unreasonably withheld or delayed. 17.2 Approval and Notice of Sale, Transfer or Assiqnment. The City Manager shall consider and decide on any transfer, sale or assignment within ten (10) days after Developer's notice, provided all necessary documents, Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 11 of 16 for the Fallon Gateway Project ~~ a~~ ~I certifications and other information are provided to the City Manager to enable the City Manager to determine whether the proposed Transferee can perform the Developer's obligations hereunder. Notice of any such approved sale, transfer or assignment (which includes a description of all rights, interests and obligations that have been transferred and those which have been retained by Developer) shall be recorded in the official records of Alameda County, in a form acceptable to the City Manager, concurrently with such sale, transfer or assignment. 17.3 Release Upon Transfer. Upon the transfer, sale, or assignment of all of Developer's rights, interests and obligations hereunder pursuant to Paragraph 17.1 of this Agreement, Developer shall be released from the obligations under this Agreement, with respect to the Property transferred, sold, or assigned, arising subsequent to the date of City Manager approval of such transfer, sale, or assignment; provided, however, that if any transferee, purchaser, or assignee approved by the City Manager expressly assumes all of the rights, interests and obligations of Developer under this Agreement, Developer shall be released with respect to all such rights, interests and assumed obligations. In any event, the transferee, purchaser, or assignee shall be subject to all the provisions hereof and shall provide all necessary documents, certifications and other necessary information prior to City Manager approval. 17.4 Developer's Riqht to Retain Specified Riqhts or Obliqations. Notwithstanding Paragraphs 17.1 and 17.2 and Paragraph 18, Developer may withhold from a sale, transfer or assignment of this Agreement certain rights, interests and/or obligations which Developer shall retain, provided that Developer specifies such rights, interests and/or obligations in a written document to be appended to this Agreement and recorded with the Alameda County Recorder prior to the sale, transfer or assignment of the Property. Developer's purchaser, transferee or assignee shall then have no interest or obligations for such rights, interests and obligations and this Agreement shall remain applicable to Developer with respect to such retained rights, interests and/or obligations. 17.5 Termination of Aqreement Upon Sale of Individual Lots to Public. Notwithstanding any provisions of this Agreement to the contrary, the burdens of this Agreement shall terminate as to any lot which has been finally subdivided and individually (and not in "bulk") leased (for a period of longer than one year) or sold to the purchaser or user thereof and thereupon and without the execution or recordation of any further document or instrument such lot shall be released from and no longer be subject to or burdened by the provisions of this Agreement; provided, however, that the benefits of this Agreement shall continue to run as to any such lot until a building is constructed on such lot, or until the termination of this Agreement, if earlier, at which time this Agreement shall terminate as to such lot. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 12 of 16 for the Fallon Gateway Project ~21~~ ~ ( 18. Aareement 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 all other persons acquiring the Property, or any portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitudes and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, Section 1468 of the Civil Code of the State of California. Each covenant to do, or refrain from doing, some act on the Property hereunder, or with respect to any owned property, (a) is for the benefit of such properties and is a burden upon such properties, (b) runs with such properties, and (c) is binding upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden upon each party and its property hereunder and each other person succeeding to an interest in such properties. 19. Bankruptcy. The obligations of this Agreement shall not be dischargeable in bankruptcy. 20. Indemnification. Developer agrees to indemnify, defend and hold harmless the City, and its elected and appointed councils, boards, commissions, officers, agents, employees, and representatives from any and all claims, costs (including legal fees and costs) and liability for any personal injury or property damage which may arise directly or indirectly as a result of any actions or inactions by the Developer, or any actions or inactions of Developer's contractors, subcontractors, agents, or employees in connection with the construction, improvement, operation, or maintenance of the Project, provided that Developer shall have no indemnification obligation with respect to negligence or wrongful conduct of the City, its contractors, subcontractors, agents or employees or with respect to the maintenance, use or condition of any improvement after the time it has been dedicated to and accepted by the City or another public entity (ezcept as provided in an improvement agreement or maintenance bond). If City is named as a party to any legal action, City shall cooperate with Developer, shall appear in such action and shall not unreasonably withhold approval of a settlement otherwise acceptable to Developer. 21. Insurance. 21.1 Public Liabilitv and Property Damage Insurance. During the term of this Agreement, Developer shall maintain in effect a policy of comprehensive general liability insurance with a per-occurrence combined single limit of not less Dublin/Stanforth Holding Company, L.L.C. DevelopmentAgreement Page 13 of 16 for the Fallon Gateway Project ~~ ~3~ than one million dollars ($1,000,000.00) with a One Hundred Thousand Dollar ($100,000) self insurance retention per claim. The policy so maintained by Developer shall name the City as an additional insured and shall include either a severability of interest clause or cross-liability endorsement. 21.2 Workers Compensation Insurance. During the term of this Agreement Developer shall maintain Worker's Compensation insurance for all persons employed by Developer for work at the Project site. Developer shall require each contractor and subcontractor similarly to provide Worker's Compensation insurance for its respective employees. Developer agrees to indemnify the City for any damage resulting from Developer's failure to maintain any such insurance. 21.3 Evidence of Insurance. Prior to City Council approval of this Agreement, Developer shall furnish the City satisfactory evidence of the insurance required in Sections 21.1 and 21.2 and evidence that the carrier is required to give the City at least fifteen days prior written notice of the cancellation or reduction in coverage of a policy. The insurance shall extend to the City, its elective and appointive boards, commissions, officers, agents, employees and representatives and to Developer performing work on the Project. 22. Sewer and Water. Developer acknowledges that it must obtain water and sewer permits from the Dublin San Ramon Services District ("DSRSD") which is another public agency not within the control of the City. 23. Notices. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to the City shall be addressed as follows: City Manager City of Dublin 100 Civic Plaza Dublin, CA 94568 FAX No. (925) 833-6651 Notices required to be given to Developer shall be addressed as follows: Stanforth Holding Company, LLC 4690 Chabot Drive, Su,ite 100 Pleasanton, CA 94588 Attn: James Tong Fax No. (925) 463-1861 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. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 14 of 16 for the Fallon Gateway Project ~~3 ~ ~ 3l ~ Notices shall be deemed given and received upon personal delivery, or if mailed, upon the expiration of 48 hours after being deposited in the United States Mail. Notices may also be given by overnight courier which shall be deemed given the following day or by facsimile transmission which shall be deemed given upon verification of receipt. 24. Aqreement is Entire Understandinq. This Agreement constitutes the entire understanding and agreement of the parties. 24. Limited Liability Company Authoritv If Developer is a limited liability company, each individual executing this Agreement on behalf of that company represents and warrants that: (a) The individual executing this Agreement on behalf of the company has full power and authority under the company's governing documents to execute and deliver this Agreement in the name of and on behalf of the company and to cause the company to perform its obligations under this Agreement; (b) The company is a limited liability company duly organized and validly existing under the laws of the State of Delaware and is duly qualified and validly existing as a foreign limited liability company in California; and (c) The company has the power and authority under applicable law and its governing documents to execute and deliver this Agreement and to perform its obligations under this Agreement. 25. Exhibits. The following documents are referred to in this Agreement and are attached hereto and incorporated herein as though set forth in full: Exhibit A Legal Description of Property Exhibit B Additional Conditions 26. Counterparts. This Agreement is executed in three (3) duplicate originals, each of which is deemed to be an original. 27. Recordation. The City shall record a copy of this Agreement within ten (10) days following execution by all parties. [Execution Page Follows] Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 15 of 16 for the Fallon Gateway Project . ~ ~ ~~ 3~. 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: DEVELOPER Stanforth Hol~ng Company, L.L.C., a Delav,~ar~ li ited liability company By: J~me~~ng Its: M er Caroline Soto, City Clerk Approved as to form John Bakker, City Attorney 1475135.3 (NOTARIZATION ATTACHED) Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 16 of 16 for the Fallon Gateway Project t:~~~ t ,~( ~~ ACKNOWLEDGMENT State of California County of ~Ai,~M~;~~ ) On TuL~ ai .~~~ before me, i~,1~~-~C~~ T~,,,l~ ~v,~~~;,,/ p~~3,~t C.~ (insert name and title of the offi er) personally appeared _ ~~n~~ 'C~NI.-~ who proved to me on the basis of satisfactory evidence to be the persor~whose name~s/ subscri ed to the within instrument and acknowledged to me that he/s~h~e~executed the sam~ his/ r/~r authorized capacity i , and that by his/ly~f~ signature~n the instrument the person~or the entity upon behalf of which the person acted, executed the, instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ~~++~~ Comm~tlat #- 1771 P49 ~ potory'ubHC - CaNtanlo ~ Atom~da County Signature (Seal) ~"~~"~~`„~~,~`~~~ ~~J~~~~ ~ ~ Exhibit A Legal Description of Property Parcels 1, 2, 3, 4, and 5 as shown on that certain map entitled "Parcel Map 9827" recorded in Book 315 of Parcel Maps at Pages 20 through 23, Alameda County Records. ~ ~•~~ ~ ~ ~ EXHIBIT B Additional Conditions The following Additional Conditions are hereby imposed pursuant to Paragraph 5.3 above. Subparaqraph 5.3.1 - SubseQUent Discretionary Approvals Site development review approval will be required for development on the remaining phase of the project, which is referred to as Phase 4. 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 the Community Development Director Resolution No. 09- 07 approving tentative parcel map 9827 (the "VTM Resolution") and the Planning Commission Resolution No. 09-18 approving Site Development Review for the Initial Phase (the "SDR Resolution") shall be completed by Developer to the satisfaction and requirements of the Public Works Director at the times and in the manner specified in the VTM Resolution and SDR Resolution unless otherwise provided below. (ii) Sewer: All sanitary sewer improvements to serve the project site (or any recorded phase of the Project) shall be completed in accordance with DSRSD requirements. (iii) Water: An all weather roadway and an approved hydrant and water supply system shall be available and in service at the site in accordance with the tentative map conditions of approval to the satisfaction and requirements of the City's fire department. All potable water system components to serve the project site shall be completed in accordance with the DSRSD requirements. Dublin/Stanforth Holding Company, L. L.C. Development Agreement Page 1 of 5 for the Fallon Gateway Project-Exhibit B ~~~~~( ~ Recycled water lines shall be installed in accordance with the tentative map conditions of approval. (iv) Storm Drainage: The storm drainage systems off-site, as well as on-site drainage systems for the areas to be occupied, shall be improved consistent with the tentative map conditions of approval and to the satisfaction and requirements of the Dublin Public Works Department applying the City's and Zone 7(Alameda County Flood Control and Water Conservation District, Zone 7) standards and policies which are in force and effect at the time of issuance of the permit for the proposed improvements. Pursuant to Alameda County's National Pollution Discharge Elimination Permit (NPDES) No. CAS0029831 with the California Regional Water Quality Control Board, or pursuant to subsequent permits adopted by the Board, all grading, construction and development activities within the City of Dublin must comply with the provisions of the Clean Water Act. Proper erosion control measures must be installed at development sites within the City during construction, and all activities shall adhere to Best Management Practices. (v) Other Utilities (e.q. qas, electricitv, cable televisions, telephone): Construction shall be completed by phase prior to issuance of the first Certificate of Occupancy for any building within that specific phase of occupancy for the Project. Subsection b. Miscellaneous (i) Completion Mav Be Deferred. Notwithstanding the foregoing, the City's Public Works Director may, in his or her sole discretion and upon receipt of documentation in a form satisfactory to the Public Works Director that assures completion, allow Developer to defer completion of discrete portions of any public improvements for the Project if the Public Works Director determines that to do so would not jeopardize the public health, safety or welfare. Subparaqraph 5.3.3 - Phasinq, Timinq This Agreement contains no requirements that Developer must initiate or complete development of the Project within any period of time set by the City. It is the intention of this provision that Developer be able to develop the Property in accordance with its own time schedules and the Project Approvals. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 2 of 5 for the Fallon Gateway Project-Exhibit B ~~ ~ r ! ~ ~ Subparaqraph 5.3.4 - Financina Plan Developer will install all improvements necessary for the Project at its own cost (subject to credits for any improvements which qualify for credits as provided in Subparagraph 5.3.6 below). Other infrastructure necessary to provide sewer, potable water, and recycled water services to the Project will be made available by the Dublin San Ramon Services District. If so required by Dublin San Ramon Services District, Developer will enter into an "Area Wide Facilities Agreement" with the Dublin San Ramon Services District to pay for the cost of extending such services to the Project. Such services shall be provided as set forth in Subparagraph 5.3.2(a)(ii) and (iii) above. Subparaqraph 5.3.5 - Fees, Dedications Notwithstanding anything to the contrary in this Subparagraph 5.3.5 or this Development Agreement, Developer shall pay any fees required by Subsections a-g at the time such fees are due under the resolutions and/or ordinances establishing and/or amending such fees. Subsection a. Traffic Impact Fees. Developer shall pay the Eastern Dublin Traffic Impact Fee ("TIF") established by Resolution No. 40-10, including any 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. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 3 of 5 for the Fallon Gateway Project-Exhibit B ~~~ 3~ ~ Developer shall pay a Noise Mitigation Fee established by City of Dublin Resolution No. 33-96, 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 e. School Impact Fees. School impact fees shall be paid by Developer in accordance with Government Code section 53080 and the agreement between Developer or its predecessor in interest and the Dublin Unified School District regarding payment of school mitigation fees. Subsection f. Fire Facilities Fees. Developer shall pay a fire facilities fee established by City of Dublin Resolution No. 12-03 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 q. Tri-Vallev Transportation Development Fee. Developer shall pay the Tri-Valley Transportation Development Fee in the amount and at the times set forth in City of Dublin Resolution No. 89-98 or any resolution which revises such fee. Developer will pay such fees no later than the time of issuance of building permits and in the amount of the impact fee in effect at time of building permit issuance. Subparaqraph 5.3.6 - Reimbursement Subsection a. Traffic Impact Fee Improvements - Credit The City shall provide a credit aga~nst Eastern Dublin Traffic Impact Fees to Developer for those improvements described in the resolution establishing the Eastern Dublin Traffic Impact Fee if such improvements are constructed by the Developer in their ultimate location. All aspects of the credit shall be governed by the TIF Guidelines. Subsection b. Traffic Impact Fee Riqht-of-Wav Dedications - Credit The City shall provide a credit against Eastern Dublin Traffic Impact Fees to Developer for any TIF area right-of-way to be dedicated by Developerto the City which is required for improvements which are described in the resolution establishing the Eastern Dublin Traffic Impact Fee. All aspects of the credits shall be governed by the TIF Guidelines. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 4 of 5 for the Fallon Gateway Project-Exhibit B ,~ ~ ~ ~.~1 ~ Subparaqraph 5.3.7 - Miscellaneous None. Dublin/Stanforth Holding Company, L.L.C. Development Agreement Page 5 of 5 for the Fallon Gateway Project-Exhibit B