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HomeMy WebLinkAboutReso 83-05 I-580 Fallon Rd Improv RESOLUTION NO. 83 - 05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * . . APPROVING AMENDMENT NO.3 TO AGREEMENT WITH JENNIFER UN REGARDING DESIGN OF THE T-580IFALLON ROAD INTERCHANGE IMPROVEMENTS WHEREAS, a part of the mitigation for the Dublin Ranch developments in Areas A-E and F, G & H requires improvement of the I-580/Fallon Road Interchange; and WHEREAS, the City and Jennifer Lin have agreed to the preparation of design documents related to this interchange including Amendments No. I and 2; and WHEREAS, a credit against payment of future Category 2 Eastern Dublin Traffic Impact fees will be provided to offset each of Jennifer Lin' s payments of costs related to the project; NOW, THEREFORE, BE IT RESOLVED that the Dublin City Council approves Amendment No.3 to the Agreement with Jennifer Lin regarding preparation of the expanded design scope and costs for the I-580/Fallon Interchange Improvements project. BE IT FURTHER RESOLVED that the Mayor is authorized to execute Amendment No.3 to the Agreement, attached hereto as E"hibit "A." PASSED, APPROVED AND ADOPTED this 7th day ofJune, 2005. AYES: Council members Hildenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATdT: 4\\¡1l..-~~ ep ty CIty Clerk O:\CC-MTOS\200:5.qtf.l\Iun\()(,-ú'7-O~\r-e!lO 83-O,S Lin design agmt amend #3_doc (rtern 4.6) AMENDMENT NO.3 TO AGREEMENT BETWEEN JENNIFER UN AND CITY OF DUBLIN REGARDING DESIGN OF THE I-SSO/FALLON ROAD INTERCHANGE IMPROVEMENTS .,~ ;:JVo-L- THIS THIRD AMENDMENT is entered into this~ day o~, 2005, between the City of Dublin, a municipal corporation ("City") and Jennifer Lin ("Lin"). (Collectively, City and Lin are referred to as "the Parties.") RECITALS A. The Parties are parties to a certain agreement dated May 16, 2000, and amended May 1, 2001, and September 21, 2004, entitled "Agreement Between Jennifer Lin and City of Dublin Regarding Design and Construction of the 1-58D/Fallon Road Interchange Improvements" ("the Agreement"). B. Pursuant to the Agreement, Lin deposited $1,380,252 to fund the preparation of construction documents for the 1-580/Fallon Road Interchange Improvements. C. Caltrans has now required the City to include certain additional improvements in the interchange design, some of which are Dublin-related and some of which are Pleasanton-related, and the total cost of design for these improvements is $218,171. Of this cost, $17,508 is Pleasanton-related, and the City anticipates that Pleasanton would contribute this amount in the future. D. In order to ensure the timely completion of the preparation of the construction documents for the 1-580/Fallon Road Interchange improvements, City has requested that Lin, and Lin has agreed to, provide an additional deposit equal to $218,171, of which $17,508 shall be reimbursed to Lin upon receipt of such funds from Pleasanton, pursuant to the terms set forth in the Agreement and this Third Amendment. NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations and covenants herein contained, City and Developer agree to amend the Agreement as follows: AGREEMENT Section 1. Paragraph 2 of the Agreement is amended to read as follows: "Lin has deposited a total of $1 ,598,423 with the City pursuant to the terms of this Agreement that City will use to cover City's costs of the construction document preparation as set forth in paragraph 1 above. City anticipates receiving from the City of Pleasanton $109,603 associated with the design of the interchange project ("the Pleasanton Contribution"). Within 30 days' of its receipt Amendment No. 3 to Lln Agroemont Regarding Deolgn of I-e8OIFallon Road Interchange May 17, 2005 Page 1 of 1 of the Pleasanton Contribution (or any portion thereof) from the City of Pleasanton, City agrees to pay to Lin the Pleasanton Contribution(or any portion thereof). The City has no duty to reimburse Lin in the event that the City of Pleasanton does not make the Pleasanton Contribution. Any funds remaining from the deposit shall be returned to Lin following completion of the construction documents." Section 3. The following sentence is hereby added to the end of the first sentence of Paragraph 3 of the Agreement: "Notwithstanding the foregoing, Lin shall receive no TIF credit for its $109,603 payment associated with the Pleasanton Contribution, unless the TIF is amended to include the costs associated with the Pleasanton Contribution. " Section 4. The existing agreement remains in effect except as specifically modified herein. Janet Lockhart, Mayor LlN CITY OF DUBLIN By: es Tong, orized Representative ATTEST Kay Keck, City Clerk 2