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HomeMy WebLinkAboutReso 1969-5157RESOLUTION NO. 5157 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND PACIFIC BAY LAND COMPANY FOR PARTICIPATION IN CERTAIN PUBLIC IMPROVEMENTS LOCATED ON THE NORTH SIDE OF EAST "J" STREET BETWEEN FLOYD AVENUE AND THE WESTERLY BOUNDARY OF SAN SIMEON UNIT N0. 1 AND AUTHORIZING THE MAYOR TO EXECUTE SAME The City Council of the City of Chula Vista does hereby resolve as follows: NOW, THEREFORE, BE IT RESOLVED that that certain agreement between the CITY OF CHULA VISTA, a municipal corporation, and PACIFIC BAY LAND COMPANY for participation in certain public improvements located on the North side of East "J" Street between Floyd Avenue and the Westerly boundary of San Simeon Unit No. 1, in connection with the construction of public improvements in San Simeon Unit No. 1, dated the 6th day of May 1969, a copy of which is attached hereto and by reference made a part hereof, the same as though fully set forth herein be, and the same is hereby approved. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista be, and he is hereby authorized and directed to execute said agreement for and on behalf of said City. Presented by ~, ri~a a F. Cole, Director of Public Works Approved as to~erm by orge D Lindberg, Cilty Attor ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA, this 6th day of Ma.y , 1969 by the following vote, to-wit: AYES: Councilmen McAllister, Scott, Sylvester, McCorquodale NAYES : Councilmen None ABSENT : Councilmen Hamilton / G~ ~. 0 of the City of hula Vista ATTEST ~ ~~,,r-c_,~,~.c ~ City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I. City Clerk of the City of Chula Vista, California, DO HEREBY CERTIFY that the above is a full, true and correct copy of Resolution No. and that the same has not been amended or repealed. DATED City Clerk AGREEMENT FOR PARTICIPATION IN CERTAIN PUBLIC IMPROVEMENTS LOCATED ON THE NORTH SIDE OF EAST "J" STREET BETWEEN FLOYD AVENUE AND THE WESTERLY BOUNDARY OF SAN SIMEON UNIT NO. 1, IN CONNECTION WITH THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN SAN SIMEON UNIT NO. 1 THIS AGREEMENT, made and entered into this 6th day of May , 1969, by and between the CITY OF CHULA VISTA, a municipal corporation, hereinafter called "City", and PACIFIC BAY LAND COMPANY, a California partnership, composed of PACIFIC BAY DEVELOPMENT CORPORATION, a California corporation and BYRON LASKY COMPANY, a California corporation, hereinafter called "Subdivider"; W I T N E S S E T H WHEREAS, Subdivider is presently developing that certain subdivision known San Simeon Unit No. 1, which development includes certain public improvements, including pavement, curb, gutter and sidewalk, of a portion of East "J" Street within said subdivision, and WHEREAS, City desires to have certain other improvements constructed in conjunction with the development of said subdivision; namely, a portion of pavement, curb, gutter and sidewalk on the North side of East "J" Street adjacent to San Simeon Subdivision Unit No. 1, and the Engineering Division has determined that a substantial savings can be realized if the work is performed at this time in participation with Subdivider, and WHEREAS, Subdivider is agreeable to performing said work for City, the cost of which will be the same as the unit prices for the subdivision work being performed, plus twelve percent (12%) as profit for said work. NOW, THEREFORE, IT IS MUTUALLY UNDERSTOOD AND AGREED by and between the parties hereto as follows: 1. Subdivider agrees to install certain public improvements on the North side of East "J" Street, between Floyd Avenue and the Westerly boundary of San Simeon Unit N6. 1, including the removal and reconstruction of curb and gutter, and construction of additional pavement in said area, as shown on Drawings No. 69-52D and 69-53D on file in the office of the Director of Public Works. The completion and acceptance of said improvements shall be in accordance with the Subdivision Improvement Agreement between the City of Chula Vista and Subdivider, approved by Resolution No. 5157 adopted on the 6th day of Mav ~ 19 6 9 . 2. City agrees to pay a proportionate share of the cost of said improvements, in an estimated amount of $4,500.00, based upon the work being performed in conjunction with the development of San Simeon Subdivision Unit No. 1, plus twelve percent (12%) overhead and profit for Subdivider. Said proportionate share of the cost of the improvements will be paid to Subdivider, .PACIFIC BAY LAND COMPANY, a California partnership, upon completion and acceptance of the improvements by the City of Chula Vista; provided, however, that final payment of the ten percent (10%) that is withheld pursuant to Paragraph 3 of this agreement shall not be paid to Subdivider until a period of six (6) months has elapsed following the acceptance of the improvements. Said ten percent (10%) shall be retained as security for labor and material. 3. City further agrees to mare partial payments of the full costs of the participation agreement upon submission: and verifir_ation of requests for payment, accompanied by paid vouc~~.e~~s; provided, how- .. ever, that ten percent (10 0) of the proposed part:icipatior.:costs shall be held for a period. of sig. (6) months subsequent to the completion and a~;ceptanoe of said improvements in accordance with the subdivision improvement agreement, as 'r~erei.nabove set forth. IN WITi`TESS 'vVhEEEUr , the parties hereto have caused this agreement to be executed the day and year .first hereinabove set forth. THE CIsY OF CHULP. VISTA, a PACIFIC BAY' LANs CnMPANY, a California muni~' al corporation P rt. rsh'p ,,.~~"~ ~y: ~yron'tasky Company, a corporation ~'" M or of the City of/ Hula-Vista ATTEST `~~ ~ ~, ~ ~ ,~-~ Clerk Attach Notary Acknowledgment here. yr~,n.!Ft Lasky, rrevrden B , i iam rim, e"-e~ary r By: Pacific Bay Development Corporation, a corporation By: BY ;~~~~%ti e2 Approved as to form by George D. indberg,~City Attorney r ~~ ~~