HomeMy WebLinkAboutItem 1-B Attachment 1 - Exhibit K - Development Agreement ProvisionsAttachment 1
EXHIBIT K
DEVELOPMENT AGREEMENT PROVISIONS
1. Term. The following language shall be added after the phrase "twenty 20 years" and before
the phrase "(the term)" in the fourth sentence of Section 3 of the existing Development Agreement:
"from 20 date upon which the City may accept the
Offers of Dedication in Sections 3.3 of that certain "Land Offer Agreement" by and
between the City and OV Three Two, LLC; JJJ & K Investments Two, LLC; and
RR Quarry, LLC, approved by the City Council on _, 2008."
Z. Tentative Map Permit Duration Section •6.2 of the existing Development Agreement,
entitled "Length of Validity of Tentative Subdivision Maps," is hereby deleted in its entirety and
replaced with the following,:
"6.2 Tentative Map/Permit Duration. Pursuant to California Government Code
section 66452.6, any tentative subdivision'map, parcel map or other map authorized',
by the State Subdivision Map Act that is approved for the Project shall remain valid -
for a period of time equal to a term of this Agreement. In addition, notwithstanding
any condition or provision to the contrary, every permit and approval for the Project
other than ministerial approvals shall remain valid for a period of rune equal to the
term of this Agreement."
3. Growth. The second full paragraph of Section 5.2 appearing at page 8 of the
existing development Agreement entitled "Development of Property," which begins
"Notwithstanding the foregoing," shall be deleted in its entirety and replaced with the following:
"Notwithstanding any provision of this Agreement to the contrary, the City's Growth
Management program, as set forth in the Growth Management Element.of the City's
General Plan, applicable to the Project shall be those in effect on the date the City
approves the Land Offer Agreement referenced in Section 3 hereof."
4. Modifications to Existing Project Approvals. The following sentence shall be added
to the end of Section 5.2.3 of the existing Development Agreement:
"The parties agree that they accept the modifications to the Existing Project
Approvals approved by the City Council on ,20 ."
5. Reimbursement. At the end of the first sentence of Section 7.5 of the existing
Development Agreement, entitled "Facilities Which are the Obligations of Another Parry, -or
are of Excessive Size, Capacity, Length or Number," a new sentence shall be inserted as
follows:
"City shall not require such monies or improvements unless City provides
reasonable assurance of funding or reimbursement in accordance with State law
and/or the City's ordinances."
-31-