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HomeMy WebLinkAboutRDA Packet 2005/07/26 ~V~ :~--~ ~--~-== ~- - ellY OF TUESDAY. JULY 26,2005 CHUlA VISTA 6:00 P.M. (immediately following the City Council meeting) COUNCIL CHAMBERS PUBLIC SERVICES BUILDING MEETING OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA CALL TO ORDER ROLL CALL Agency Members Castaneda, Davis, McCann, Rindone; Chair Padilla CONSENT CALENDAR The staff recommendations regarding the following item(s) listed under the Consent Calendar will be enacted by the Agency by one motion without discussion unless an Agency member, a member of the public or City staff requests that the item be pulled for discussion. If you wish to speak on one of these items, please fill out a "Request to Speak Form" available in the lobby and submit it to the City Clerk prior to the meeting. Items pulled from the Consent Calendar will be discussed after Public Hearing items. Items pulled by the public will be the first items of business. 1. APPROVAL OF MINUTES - June 28, 2005 (2) ORAL COMMUNICATIONS This is an opportunity for the general public to address the Redevelopment Agency on any subject matter within the Agency's jurisdiction that is not an item on this agenda. (State law, however, generally prohibits the Redevelopment Agency from taking action on any issues not included on the posted agenda.) If you wish to address the Agency on such a subject, please complete the "Request to Speak Under Oral Communications Form" available in the lobby and submit it to the Secretary to the Redevelopment Agency or City Clerk prior to the meeting. Those who wish to speak, please give your name and address for record purposes and follow up action. ACTION ITEMS The items listed in this section of the agenda are expected to elicit substantial discussions and deliberations by the Agency, staff, or members of the general public. The items will be considered individually by the Agency and staff recommendation may in certain cases be presented in the alternative. Those who wish to speak, please fill out a Request to Speak form available in the lobby and submit it to the City Clerk prior to the meeting. 2. CONSIDERATION OF EXCLUSIVE NEGOTIATING AGREEMENTS FOR FIVE PROPERTIES WITH VARIOUS DEVELOPERS LOCATED WITHIN THE TOWN CENTRE I AND MERGED REDEVELOPMENT PROJECT AREAS OF THE CITY OF CHULA VISTA Establishment of a refined Exclusive Negotiating Agreement process with qualified developers for five properties located within the Town Centre I and Merged redevelopment project areas of the City of Chula Vista. [Community Development Director] STAFF RECOMMENDATION: Agency adopt the following resolutions: a. RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND DOUGLAS WILSON COMPANIES REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE NORTH SITE b. RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE SOUTH SITE c. RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND E STREET NORTHEAST SITE d. RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND A VION DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND E STREET SOUTHEAST SITE e. RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND INTERGULF-MARK (PARK) LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND G STREET NORTHWEST SITE OTHER BUSINESS 3. DIRECTOR'S REPORT 4. CHAIR REPORT 5. AGENCY COMMENTS ADJOURNMENT The Redevelopment Agency will adjourn to an adjourned meeting on August 9, 2005, at 4:00 p.m., in the Council Chambers. AMERICANS WITH DISABILITIES ACT The City of Chula Vista, in complying with the Americans with Disabilities Act (ADA), request individuals who require special accommodates to access, attend, and/or participate in a City meeting, activity, or service request such accommodation at least 48 hours in advance for meetings and five days for scheduled services and activities. Please contact the Secretary to the Redevelopment Agency for specific information at (619) 691-5047 or Telecommunications Devices for the Deaf (TOO) at (619) 585-5647. California Relay Service is also available for the hearing impaired. RDA/City Council, July 26, 2005 Page 2 MINUTES OF ADJOURNED REGULAR MEETINGS OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA June 28, 2005 6:00 p.m. Adjourned Regular Meetings of the City Council and Redevelopment Agency were called to order at 6: 11 p.m. in the Council Chambers, located in the Public Services Building, 276 Fourth Avenue, Chula Vista, California ROLL CALL: PRESENT: CounciVAgency Members Castaneda, Davis, McCann, Rindone and Mayor/Chair Padilla ABSENT: None ALSO PRESENT: City Manager/Executive Director Rowlands, City Attorney/ Agency Counsel Moore, City Clerk Bigelow CONSENT CALENDAR 1. APPROVAL OF MINUTES - May 24,2005; and June 7, 2005 Staff recommendation: Council/Agency approve the minutes. 2, REDEVELOPMENT AGENCY RESOLUTION NO. 1912, RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA AMENDING RESOLUTION NO.1 WHICH ADOPTED CERTAIN RULES AND REGULATIONS FOR SAID REDEVELOPMENT AGENCY Staff recommendation: Agency adopt the resolution as presented in the alternative documents packet at the May 24, 2005 meeting. ACTION: Council/Agency Member Rindone moved to approve staff's recommendations and offered the Consent Calendar, headings read, texts waived. Councilmember Castaneda seconded the motion, and it carried 5-0, ORAL COMMUNICATIONS There were none. T ACTION ITEMS 3. PRESENTATION BY GAYLORD ENTERTAINMENT REGARDING ITS INTEREST IN DEVELOPMENT OF A MAJOR HOTEL AND CONFERENCE/ ENTERTAINMENT CENTER ON THE CHULA VISTA BAYFRONT Gaylord Entertainment (Gaylord) is a publicly traded company that has developed and operates award-winning large-scale convention center resort hotels in several locations across the United States. The company has expressed interest in developing a West Coast flagship hotel/conference center on the Chula Vista bayfront. (Director of Community Development) Community Development Director Madigan introduced Port Planning Director Ralph Hicks, Port Commission Chair Bill Hall, and Community Development Project Manager Lisa Lukes, all of whom are or will be involved with the subject project if it moves forward. She then provided an overview of discussions with Gaylord Entertainment and the company's presentations to the Port District and Citizen's Advisory Committee, Council! Agency Members viewed and listened to a presentation by Gaylord Entertainment Senior Vice President of Development Bennett Westbrook and Executive Vice President & Chief Operating Officer Jay Sevigny on information about the company, other Gaylord projects, and the company's interest in and concept for developing a unique property on the Chula Vista waterfront Councilmember Castaneda expressed concern with the apparent "sealed compound" concept, which he believed to be similar to that found in Atlantic City. Mr. Sevigny responded that the intent was not in any way to create a sealed compound. He urged the Council to contact leaders of the Grapevine community, who have found that their Gaylord project overflows into the downtown area and generates much more revenue for that city than ever expected. Counci1member Rindone expressed the need for a facility that provides an attraction/destination and access via entertainment venues for the local community as well as conventioneers, suggesting perhaps an alternative of water features for public access, Mike Meeks spoke in support of the Gaylord concept and commended the Council/Agency Members on their work to improve the City. He asked that they ensure that Chula Vista remains one city, rather than become two, with one east ofI-805 and the other west ofI-805. Richard Campbell, representing Pacifica Companies, spoke in support of the Gaylord concept and stated that his company did not consider them to be competition as they support a special "niche." Tina Medina, representing the Chula Vista Convention & Visitor's Bureau, spoke in support of the Gaylord concept, noting that the project would bring and keep business in the City. Page 2 CouncillRDA Minutes 06/28/05 ACTION ITEMS (Continued) Jack Blakely, representing the Citizen's Advisory Committee, spoke in support of the Gaylord concept and noted that another Gaylord facility provides its guests with a free shuttle from the hotel to downtown, Paul Nieto, speaking as a Chula Vista resident, a member of the Greater San Diego Economic Development Committee Board of Directors, and the South County representative to the Airport Authority, spoke in support of the Gaylord concept and the boost it would provide for tourism. Lisa Cohen, representing the Chula Vista Chamber of Commerce, stated the Chamber Board of Directors fully supports the Gaylord concept. Chris Lewis, representing the Chula Vista Chamber of Commerce and the Citizen's Advisory Committee, spoke in support of the Gaylord concept and expressed excitement about the small business opportunities that will provide a win-win situation for the entire community. Scott Vinson, Vice-President of the Chula Vista Chamber of Commerce, spoke in support of the Gaylord concept. Brigette Browning, representing Unite Here, Local 30, the San Diego Hotel/Restaurant Union, supported the Gaylord concept providing that it brings quality jobs and meets local hiring requirements. Pamela Sherman asked about Transient Occupancy Tax and also expressed disappointment with the Eastlake development and lack of environmental concerns. She suggested that the westside growth should be better controlled, developments should reflect our Spanish! American heritage, money made should stay within the local community by hiring local people and businesses, and the public should be given access to the bayfront. Councilmember McCann stated that Gaylord is only one component of the overall plan, the goal of which is to generate money for schools, parks, roads, fire, police and quality jobs. Facilities are needed for proms, as well as for business meetings and banquets. He also commented that local citizens need to feel included in the process. Deputy Mayor Davis expressed the need for a "WOW" on the baYfront Mayor Padilla encouraged the Port to continue discussions with Gaylord, and Gaylord to continue engaging the community. He reported that on July 8, he would travel to Dallas, Texas to meet with Gaylord officials and view their project. The proposed project was presented to the Council for informational purposes only, and no formal Council action was taken. Page 3 CounciVRDA Minutes 06/28/05 ACTION ITEMS (Continued) 4, CONSIDERATION OF A SELECTION PROCESS FOR THE APPOINTMENT OF INDEPENDENT DIRECTORS TO THE CHULA VISTA REDEVELOPMENT CORPORATION (CVRC) On May 24,2005, the Council/Agency jointly approved and adopted legal and operating documents for the Chula Vista Redevelopment Corporation (CVRC). In addition, the Council directed staff to develop and make recommendations on a selection process for the appointment of the independent directors of the CVRC Board. (Director of Community Development) STAFF RECOMMENDATION: The Council/Agency: I) choose a selection process from one of the following two alternatives and adopt the corresponding resolution; and 2) direct staff to proceed with preparation of application materials for a 45-day noticing period. Alternative 1 -The screening committee consists of two council members who will forward qualified candidates in each category to the full Council for interviews, selection, and appointment. - or- Alternative 2 - Each council member screens all applications and forwards their recommended applicants to the full Council for interviews, selection, and appointment. Community Development Assistant Director Smith provided a brief overview, Council/Agency Member Rindone suggested that the noticing be reduced to 30 days and spoke in support of Alternative 2. Council/Agency Member Davis also supported a 30-day noticing period and Alternative 2. ACTION: Council/ Agency Member Rindone moved to approve a 30-day noticing period, which is to be printed on the application materials, and offered the joint resolution approving Alternative 2, heading read text waived: COUNCIL RESOLUTION NO. 2005-211 AND REDEVELOPMENT AGENCY RESOLUTION NO. 1913 OF THE CITY OF CHULA VISTA APPROVING AND ADOPTING AN INITIAL SELECTION PROCESS FOR INDEPENDENT DIRECTORS ON THE CHULA VISTA REDEVELOPMENT CORPORATION Councilmember McCann seconded the motion, and it carried 5-0. Council/Agency Member Rindone asked that the positions be widely publicized in region newspapers and also published on the City's website. Community Development Director Madigan stated staff would work with staff from the Office of Communications to get the word out and also issue notices to various professional organizations. Page 4 Council/RDA Minutes 06/28/05 OTHER BUSINESS 5, CITY MANAGERlEXECUTIVE DIRECTOR'S REPORTS There were none. 6. MAYOR/CHAIR'S REPORTS There were none. 7. COUNCIL/AGENCY COMMENTS There were none. CLOSED SESSION 8. PUBLIC EMPLOYEE APPOINTMENT - Pursuant to Government Code Section 54957 Title: Executive Director Mayor Padilla noted that Item 8 was removed from the agenda. It was not discussed. 9. CONFERENCE WITH LEGAL COUNSEL REGARDING INITIATION OF LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(C) One case No reportable action was taken on this item. ADJOURNMENT At 9:30 p.m., Mayor/Chair Padilla adjourned the Adjourned Regular Meeting of the Redevelopment Agency to an Adjourned Regular Meeting on July 12, 2005 at 6:00 p.m. in the Council Chambers, ~~'({~ Susan Bigelow, MMC, City Clerk Page 5 CouncillRDA Minutes 06/28/05 MINUTES OF ADJOURNED REGULAR MEETINGS OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY AND A SPECIAL MEETING OF THE HOUSING AUTHORITY OF THE CITY OF CHULA VISTA June 28, 2005 6:00 p.m. Adjourned Regular Meetings of the City Council and Redevelopment Agency and a Special Meeting of the Housing Authority were called to order at 7:50 p.m. in the Council Chambers, located in the Public Services Building, 276 Fourth Avenue, Chu1a Vista, California ROLL CALL: PRESENT: Council/Agency/Authority Members Castaneda, Davis, McCann, Rindone and Mayor/Chair Padilla ABSENT: None ALSO PRESENT: City Manager/Executive Director Rowlands, City Attorney/ Agency/Authority Counsel Moore and City Clerk Bigelow ORAL COMMUNICATIONS There were none. PUBLIC HEARING OF THE CITY COUNCIL, REDEVELOPMENT AGENCY AND HOUSING AUTHORITY 1. CONSIDERATION AND ADOPTION OF THE OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY AND THE OPERATING BUDGETS FOR THE REDEVELOPMENT AGENCY AND THE HOUSING AUTHORITY FOR FISCAL YEARS 2006 AND 2007 Notice of the hearing was given in accordance with legal requirements, and the hearing was held on the date and at the time specified in the notice. Mayor/Chair Padilla opened the public hearing, CounciV Agency/Authority Member Rindone stated that he would abstain from discussion and voting on Items 1A and 1D due to the proximity of his property to the subject project and area. CounciV Agency/ Authority Member McCann stated that he would abstain from discussion and voting on Items 1B and lD due to the proximity of his property to the subject project and area, Budget & Analysis Director Van Eenoo summarized the final budget and highlighted changes from the budget as initially proposed. CounciV Agency/ Authority Member Castaneda expressed concern regarding the Port taking over the maintenance of the Port parks located within the City and expressed the need to ensure that the parks would continue to have the high quality maintenance level previously provided by the City. Public Works Operations Director Byers expressed concern as well, stating that the Port had requested that the City reduce staff and maintenance in the parks, He, in turn, had impressed upon Port staff the importance of the maintenance activities in the parks. City ManagerlExecutive Director Rowlands stated that he had contacted Port Commission Chairman Hall, who personally relayed to Port staff the City's request to sustain the high level of maintenance. T PUBLIC HEARING (Continued) Council/Agency/Authority Member Rindone requested that staffing for the grants division be reviewed prior to the holiday season rather than midway through the fiscal year. He also requested an explanation of the historic home preservation program fees as referenced in Councilmember Castaneda's budget memo to the Council. Budget & Analysis Director Van Eenoo stated that the fees include $500-for historic designation, $150 for a sign, and $240 for the Mills Act application, which provides tax benefits to the homeowner. These fees were adopted by resolution of the Council in November 2004. There were no fees prior to that date. He also mentioned that approximately six applications are processed annually, and the fees cover 30% of staff costs. City Manager/Executive Director Rowlands stated that staff views participation in the program as an asset to the City. There would be a nominal cost to waive the fees, which would send a positive message to people in the community regarding the program. This could be done with Council direction. Deputy Mayor/Agency/ Authority Member Davis noted that most fees cover staff costs, while in this case they only cover 30%; plus the homeowner receives a tax savings through the Mills Act. She stated her preference to retain the fees at this time and re-examine them later upon receipt of additional information. Council/Agency/Authority Member Castaneda provided an overview of his understanding of the historic home program and the Mills Act; and proposed waiving the fees on a one-year trial basis to garner more support for the program. He also asked about extended hours for recreation programs, and Recreation Director Martin responded that the Lorna Verde Recreation Center would now be open on Sunday afternoons. Council/Agency/Authority Member Castaneda discussed additional items contained in his budget memo, including (1) establishing neighborhood councils to involve neighborhoods and understand their priorities as the Council moves forward with redevelopment; and (2) additional funding to deal with mobilehome issues. He commented that he supported the City Manager's recommendation to increase City support of the South County Economic Development Council (EDe) by $15,000. Deputy Mayor/Agency/Authority Member Davis stated that she had just received Council/Agency/Authority Member Castaneda's memo, which did not include dollar amounts, and she suggested that a more detailed plan be brought back on the items prior to their incorporation into the budget. She expressed her concern that neighborhood councils could potentially divide the City; and she also believed that mobilehome issues should be handled on a case-by-case basis, with staff bringing forward any concerns for Council consideration. Council! Agency/ Authority Member Castaneda responded that he had not included dollar amounts, as these were just ideas for the Council to consider in terms of direction to refine the budget. Page 2 CouncillRDAlHA Minutes 06/28/05 ~ PUBLIC HEARING (Continued) Mayor/Chair Padilla recommended that the Council direct staff to report back on the proposed neighborhood councils and the mobilehome issues, including professional staffing for the commission, for discussion during the mid-year budget review. Council/Agency/Authority Member McCann stated he too would like to explore the idea of neighborhood councils and how they would be handled as planning or input groups. He requested a report on what other cities are doing with respect to such groups, including staffing expenses. He also requested a report from staff on enforcement mechanisms with regard to mobilehome issues and expressed appreciation for the additional funding recommended for the South County EDC. In response to an inquiry made by Council/Agency/Authority Member Rindone, Council/Agency/Authority Member McCann, as representative to the South County EDC, stated that the additional funding would support reorganized operations that are more focused than in past years, such as working with the Community Development loan program to help businesses expand or relocate to the City. He emphasized that the group is solely focused on the South Bay. Council/Agency/Authority Member Rindone stated he would support the additional funding for EDC this year only; and he requested a report/analysis on the group's increased productivity prior to agreeing to future funding. He also said he supported Counci1member Castaneda and Mayor Padilla in their concerns regarding the mobilehome issues, stating that if sufficient support is not being provided, action needs to be taken sooner rather than later, and staff needs to provide an analysis to the Council. City Manager/Executive Director Rowlands clarified an item concerning the conversion of hourly staff to four full-time, benefited Council Aide positions in the Mayor and Council's budget. City Attorney/Agency/Authority Counsel Moore noted that Item 1E was revised only to correct clerical errors. There being no members of the public who wished to speak, Mayor/Chair Padilla closed the public hearing. ACTION: Council/Agency/Authority Member Davis offered Items 1A through 1F, including revisions to 1 E, headings read, texts waived: A, RESOLUTION NO. 2005-224, RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING THE CAPITAL IMPROVEMENT BUDGET FOR PROJECT STL309 FOR FISCAL YEARS 2006 AND 2007 AND APPROPRIATING FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2006 B. RESOLUTION NO. 2005-225, RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING THE CAPITAL IMPROVEMENT BUDGET FOR PROJECTS OP207 AND STL299 FOR FISCAL YEAR 2006 AND APPROPRIATING FUNDS THEREFOR Page 3 CouncillRDAlHA Minutes 06/28/05 T PUBLIC HEARING (Continued) C. RESOLUTION NO. 2005-226, RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF CHULA VISTA EXCLUDING CAPITAL PROJECTS STL309, OP207, AND STL299 FOR FISCAL YEARS 2006 AND 2007 AND APPROPRIATING FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2006 D. RESOLUTION NO. 1914, RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE SOUTHWEST/TOWNE CENTER IIIOTAY VALLEY PROJECT AREA FOR FISCAL YEARS 2006 AND 2007 AND APPROPRIATING FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2006 E. REDEVELOPMENT AGENCY RESOLUTION NO. 1915 AND HOUSING AUTHORITY RESOLUTION NO. 2005-27 OF THE CITY OF CHULA VISTA ADOPTING THE OPERATING AND CAPITAL ~ROVEMENTBUDGETSFORTHEREDEVELOPMENTAGENCY AND HOUSING AUTHORITY EXCLUDING SOUTHWEST/TOWNE CENTER IIIOT A Y V ALLEY PROJECT AREA FOR FISCAL YEARS 2006 AND 2007 AND APPROPRIATING FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2006 F. ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AMENDING CHULA VISTA MUNICIPAL CODE SECTION 2,05.010 RELATING TO THE ESTABLISHMENT OF UNCLASSIFIED POSITIONS TO ADD THE POSITION OF SENIOR COUNCIL ASSISTANT (FIRST READING- 4/5th VOTE REQUIRED) The motion carried 5-0, except as noted: Item 1A carried 4-0-1 with Council/Agency/Authority Member Rindone abstaining; Item 1B carried 4-0-1 with Council/Agency/Authority Member McCann abstaining; and Item 1D carried 3-0-2 with Council/ Agency/ Authority Members McCann and Rindone abstaining. OTHER BUSINESS 2. CITY MANAGERlEXECUTIVE DIRECTOR'S REPORTS There were none. 3. MAYOR/CHAIR'S REPORTS Mayor/Chair Padilla introduced and welcomed new Council Constituent Services Manager, Zaneta Encarnacion, also known as "Z". Page 4 CounciVRDAlHA Minutes 06/28/05 OTHER BUSINESS (Continued) 4. COUNCIL/AGENCY/AUTHORITY'S COMMENTS Council/Agency/Authority Member Rindone complimented the City Clerk, who in turn complimented her staff and Community Development Department staff, on the agenda packet format. Council/ Agency/Authority Member McCann wished all a happy Fourth of July. ADJOURNMENT At 8:44 p.m., Mayor/Chair Padilla adjourned the Special Meeting of the Housing Authority until further notice, ~~~?f~ Susan Bigelow, MMC, City Clerk Page 5 Council/RDA/HA Minutes 06/28/05 REDEVELOPMENT AGENCY AGENDA STATEMENT ITEM NO.: MEETING DATE: Oh'T9?05 .- 7;u, -0:" ITEM TITLE: APPROVAL OF EXCLUSIVE NEGOTIATING AGREEMENTS FOR FIVE PROPERTIES WITH VARIOUS DEVELOPERS LOCATED WITHIN THE TOWN CENTRE I AND MERGED REDEVELOPMENT PROJECT AREAS OF THE CITY OF CHULA VISTA THROUGH THE FOLLOWING RESOLUTIONS: A. RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BElWEEN THE REDEVELOPMENT AGENCY AND DOUGLAS WILSON COMPANIES REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE NORTH SITE B. RESOlUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BElWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE SOUTH SITE C. RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE & E STREET NORTHEAST SITE D. RESOlUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BElWEEN THE REDEVELOPMENT AGENCY AND AVION DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE & E STREET SOUTHEAST SITE E. RESOLUTION APPROVING AN EXCLUSIVE AGREEMENT BETWEEN THE REDEVELOPMENT INTERGULF-MAR (PARK) LLC OF THE THIRD NORTHWEST SITE ~ COMMUNITY DEVELOPMENT DIRECTOR(-' It ./ EXECUTIVE DIRECTOR,/V " NEGOTIATING AGENCY AND AVENUE & G SUBMITTED BY: REVIEWED BY: 4/5THS VOTE: YES D NO 0 BACKGROUND The success of Chulo Visto's redevelopment activities is highly dependent upon the City's efforts to time projects to take advantage of market opportunities and to respond quickly to the needs of investors when markets are strong. To accomplish the redevelopment goals outlined by the Council and to position the Agency to attract quality development to Chula Vista, the Community 2-1 PAGE 2, ITEM NO.: MEETING DATE: 7/19/95 (- 2b -0:;- Development Department has made significant organizational, structural, and procedural changes in the ways the organization works with private investors and developers. These changes include the approval of the Chula Vista Redevelopment Corporation which will bring focused attention to redevelopment and a refined Exclusive Negotiating Agreement (ENA) process that places emphasis on choosing highly qualified developers rather than reacting to developer projects. As directed by the Mayor ond City Council, staff is focused on Westside revitalization and the opportunities that exist in this area. In keeping with that direction, this staff report brings forward five (5) prospective development sites located within the Urban Core with five (5) separate ENAs with qualified developers. Entering into these ENAs at this time will ollow the Agency to formalize relationships with developers and establish timeframes and obligations for the development process and for creation of development proposals unique to each site. The ENAs will also establish requirements for workshops ond dialogue with members of the public. The recommended developers and proposol sites are listed below. 1. 2. 3. 4. 5. Douglos Wilson Companies CityMark Development LLC CityMark Development LLC Avion Development LLC lntergulf-Mar (Park) LLC Landis Avenue North Landis Avenue South Third Avenue & E Street Northeast Third Avenue & E Street Southeast Third Avenue & G Northwest The following staff report provides information about the recent establishment of 0 qualification process for developers, a description of the Exclusive Negotiating Agreements, introductions to the proposed development teams, and a brief overview of some of the issues propelling the timing of the ENAs. RECOMMENDATIONS Staff recommends that the Redevelopment Agency adopt resolutions approving and authorizing the Chair to execute Exclusive Negotiating Agreements with qualified developers for five properties located within the Town Centre I and Merged redevelopment project areas of the City of Chula Vista. BOARDS/COMMISSIONS RECOMMENDATIONS Not Applicable. DISCUSSION The City Council has directed staff to focus its redevelopment efforts in the Urban Core. In response, staff has focused its energies on properties located in the Town Centre I and Merged Redevelopment Project Areas, which encompass the downtown Urban Core of the City. Chula Vista's redevelopment project areas and the downtown Urban Core are prime for new 2-2 ~:19'65 1 I ___ 7 -2-(,-0::::' development, reconstruction, and rehabilitation opportunities. Under current economic and market conditions, the opportunities for redevelopment in Chula Vista are immense. If, however, the Agency fails to take advantage of the current market conditions by not acting expeditiously, those opportunities could quickly disappear. The Council's/Agency's leadership to proactively plan for redevelopment opportunities is crucial to revitalizing the west. PAGE 3, ITEM NO.: MEETING DATE: It is important to emphasize that three (3) of the five (5) proposed development sites include properties owned by the Agency (see Attachment A). Since site control is a significant factor in the timely development of proposed projects, making use of existing underutilized sites that are Agency-owned ensures more influence over the development timeline. The timely utilization and leveraging of these sites is a priority because the life of the Town Centre I (TC I) Redevelopment Project Area is limited. The TC I project area will sunset in 2017. Without significant activity in TC I, the City could potentially lose access to millions of dollars for public improvements and civic amenities. With the termination of TC I in 2017, staff estimates that the Agency will have approximately eight to ten years for these projects to generate income. Staff is recommending moving forward with these ENAs, because of the favorable real estate and economic market conditions and because of the limited time left to effectuate development in TC I. The timeframe for each ENA is 300 days, which encompasses the negotiation period allowing predevelopment work (e.g., market studies, public participation, and discussion of land uses) . Developer Qualification and Criteria The Community Development Department has significantly changed the manner in which redevelopment activity is generated and analyzed. Past practices embraced a philosophy of reactive redevelopment - that is waiting for a proposal to be shopped by any and all developers to City staff. The current practice in Community Development assumes 0 constructive and proactive approach based on strategic planning efforts and a developer qualification process that allows staff to compare the relative strengths of many developers and establish qualified lists of highly capable companies. As Council is aware, there are many types of developers - each with their own expertise, experience, and financial capacity. The Agency is interested in finding quality developers who want to understand Chula Vista's interests, history, and future and who have experience building and designing in an urban market with different niches and needs. Consequently, the RFP/Q process did not seek development projects; rather it sought to match highly regarded developers who specialize in specific types of projects to existing sites. The reason for this fundamental change is that by reviewing and selecting developers who are committed to working cooperatively with the Agency and the community, the end result'will be a development that better meets the goals of the community, City and Agency. Additionally, it provides an opportunity to implement the three Principles of Public Participation as adopted by the Agency/Council and to more ably provide an open and transparent process for public review. Qualification Process The developer selection and qualification process consisted of a broadly advertised Request for Qualifications or an unsolicited Statement of Interest. The Request for Qualifications process 2-3 , .:J '1 , '&3 I I "7 -No -6 s: involved a rigorous scoring and ranking process by internal redevelopment professionals, and formal interview by a well-noted architect and local developer (both members of the Urban Core Steering Committee), an outside redevelopment consultant, and the City's Redevelopment Manager. Prospective developers were required to demonstrate they had the experience and resources needed to design and develop projects that were appropriote for the sites. Previous direct involvement with projects of exceptional design, financial capacity and access to financing was also considered critical in evaluating developer qualifications and experience. The criteria considered by the selection committee were: PAGE 4, ITEM NO.: MEETING DATE: [:I Corporate Profile [:I Development experience with references [:I Types of projects completed or underwoy [:I Financial capacity [:I Development team and bios [:I Ability ond willingness to partner with the City The recommendations for the ENAs are based upon developer qualifications for each of the respective development sites. Agency-Owned Sites Two of the sites (Landis Avenue North and Landis Avenue South) involve Agency-owned properties for which an RFQ was issued and circulated. Based on that criteria and the team's input, staff qualified and selected CityMark Development LLC for the Landis Avenue South site and Douglas Wilson Companies for Landis Avenue North. The Agency also owns a vacant lot located on the southeast corner of Third Avenue and E Street. Avion Development LLC independently submitted a Statement of Interest for this site. Upon receipt of the developer's interest, staff requested, reviewed, and evaluated the developer's qualifications in the same manner as the Landis sites. Based on the developer's qualifications and the unique characteristics of the property, staff qualified and selected Avion Development LLC for the site. Developer-Owned Sites lntergulf-Mar (Park) LLC has submitted a Statement of Interest to develop properties located on the northwest corner of Third Avenue and G Street. The site is the current location of the Social Security building and is owned by the developer. Although the developer owns the site, any development project in the TC I project area requireS' an Owner Participation Agreement with the Agency. As such, upon receipt of the develope'r's interest, staff requested, reviewed, and evaluated the developer's qualifications in the same manner as an Agency-owned site. Based on the development team's qualifications and the unique characteristics of the property, staff has qualified Intergulf-Mar (Park) LLC for the site. Privately-Owned Sites When the Agency receives a Statement of Interest or proposal to develop a site that is neither owned by the Agency or developer, the Agency is required under state law and locally adopted 2-4 PAGE 5, IIEM NO.: MEETING DAlE: Y'9:n.JL '-A_oS policies to notify the property owner of the developer's interest and/or proposal and extend rights to the owner to participate in the project through submittal by the owner of a Statement of Interest and, if applicable, an olternative proposal. In these instances, developers may also be open to joint proposals with owner(s) and/or arrangements with business owners or tenants to reincorporate commercial uses into the site. CityMark Development LLC submitted a Statement of Interest to the Agency to develop a privotely-owned site located on the northeast corner of Third Avenue and E Street. The property is currently held in trust and is under lease agreement with Bank of America. In accordance with state law and the Agency's locally adopted policies, the property owner was properly notified and extended owner participation rights. The property owners did not respond to the Agency's Owner Participation letter, which allows stoff to request, review, and evaluate the develaper's qualifications in the some manner as the other sites in this report. Based on CityMark Development LLC's qualificotions ond the unique characteristics of the property, staff has qualified CityMark Development LLC for the site. A summary of the developer's quolifications is provided on page 7 of this report and in appendix C. Exclusive Neaotiatina Aoreements Purpose An Exclusive Negotiating Agreement ("ENA") is a roadmap for the evolution of a redevelopment project. ENAs establish a predictable and agreed upon process and timeline, and set parameters for developers and the Agency to cooperatively design and process redevelopment projects that meet the goals and objectives of both parties. For the Agency, the ENA process strategically evolves a proposal from initial concept to a defined project that is consistent with relevant and applicable plans and policies (e.g., zoning code, redevelopment plans), aligned with community character, and designed to meet the City's strategic and economic goals for public amenities and community revitalization. The purposes of the ENA are summed up into following four main objectives: o Formalize a cooperative relationship with the Developer; o Define the roles and responsibilities of both the Developer and Agency; o Determine the process for development, including a timeline for: o Predevelopment activities such as design, financials, market study, etc. o Public input and participation; and . o Provide the necessory fromework for timeframe and actions necessary to enter into a Disposition and Development Agreement (DDA) or Owner Participation Agreement (OPA). In addition to the objectives listed above, ENAs provide a transparent and cooperative process for the public, Agency, Developer, and staff to work within. The ENA is one of the most important tools available to a Redevelopment Agency, because when structured properly, it provides clarity 2-5 PAGE 6, ITEM NO.: MEETING DATE: Z/n-:OS ./ -r - J-Jo --0::> of purpose and process that is accessible ta all parties, including the public. The ENA process therefore also provides an early, logical, and effective vehicle for public input and participation. Public Input & Participation In conjunction with the Agency/Council's May 24, 2005 approval of the CYRC, the Agency/Council adopted as formal policy statements three guiding principles for public participation: D Public input and participation should occur early and often. D Public input and participation should be open, inclusive, and accessible. D Public input and participation should be educational and informative. To facilitate the early integration of public dialogue consistent with the Council/Agency's adopted policies, the ENA timeline will require two important public meetings as opportunities for public input ond porticipation. Structure The ENAs recommended by staff in this report have been crofted by the City Attorney's office, in partnership with redevelopment staff, and have individually been reviewed by the prospective developers that have been qualified and selected for the proposed development sites. The language within the ENA reflects the changes established within the redevelopment process that now requires the qualifying of developers. As crafted, the ENA generally describes the proposed development site, defines the negotiation period, and establishes a deposit amount. Another important component of the ENA is the timeline, which is an attachment to the ENA. Two main objectives that the timeline facilitates are: 1. The delineation of the required predevelopment tasks, such as completion of the market study, site plans and elevations, financing and development analysis, etc. 2. The establishment of opportunities and vehicles for public input ond participation eorly within the pre-design phases of the project. Finally, the ENA provides abilities to terminate if the Developer or Agency determines that the project is not feosible or in the public interest. Qualified Developers and Proposal Sites The following are brief overviews of each of the Developers and their proposed development sites that are being considered for ENAs. For complete Developer biographies and more information regarding the proposed development sites, please refer to the Attachments as attached. . Douglas Wilson Companies is an experienced developer of mixed-use urban infill projects in the San Diego area, including Parkloft, The Mark, and Symphony Towers. The site, known as Landis Avenue Douglas Wilson Companies 2-6 PAGE 7, ITEM NO.: MEETING DATE: !.r'V:8~ 5 -r ~ ).Jo-<J North, is an approximate 29,319 square foot rectangular parcel located on the northeast corner of Davidson Street and Landis Avenue. The site is publicly owned by the Redevelopment Agency, and its current use is a metered parking lot. See Attachment B. CityMark Development LLC ("CityMark) is an urban residential and mixed-use development company based in San Diego and founded in 2000. CityMark primarily develops low-rise and mid-rise residential projects, including condominiums and mixed-use developments incorporating retail and office space. CityMark is interested in developing the Landis Avenue South site, which encompasses approximately 46,352 square feet in area. The site is currently owned by the Redevelopment Agency, and its current use is a metered parking lot. See Attachment C. ~~~~ __k _ : CITYHADK ' , " ~ wmfliiifflif --- -~- --- CityMark is also proposing development of the Third Avenue & E Street Northeast site, which is located at 295 E Street and totals approximately 52,906 square feet in area. This site is privately owned and is currently used as a bank. See Attachment D. AUSTIN V E U M ROBBINS PARTNERS Avion Development LLC ("Avion") is an experienced developer of mixed-use urban infill projects in the San Diego area, including One Library Circle, Santa Fe 6, 17th & G, Smart Corner (Park Blvd. & Broadway), and 15th & Market. Avion is interested in developing the site known as Third Avenue and E Street Southeast. The subject property is located at 201 Third Avenue and totals approximately 11,454 square feet in area. This site is publicly owned by the Redevelopment Agency and is currently vacant. See Attachment E. fY)f!: , t V f I [) ~ M l' N r intergul'f IE'ELO'IIEIT ..aup Intergulf-Mar (Park) LLC ("Intergulf-Mar Park") are experienced developers of mixed-use urban infill projects, including Treo @ Kettner, Alicante, La Vita, Palazzo, as well as numerous others. Intergulf and Mar Group are interested in the site known as Third Avenue and G Street Northwest, which total 41,097 square feet in area. This site is owned by the Developers and is the site of the former Social Security Building. See Attachment ,F. Each of the Developers is well-qualified and has demonstrated their desire and commitment to partner with the City and Redevelopment Agency, to develop a project that will revitalize the area, and to work cooperatively with the public in the design of the project. 2-7 PAGE 8, ITEM NO.: MEETING DATE: NEXr STEPS Upon approval of the ENAs, staff will immediately begin working with the development teams to commence the predevelopment tasks, including the initial task of planning and advertising the pre-design public workshop. The steps of the timeline are illustrated below: 1'1'1'83 . I '"' r _;10-0::> If discussions, negotiations, and tasks under the ENA process are successful, the Agency and developer moy consider entering into a Disposition and Development Agreement (DDA) or Owner Participation Agreement (OPA) for construction of the approved development project. Under a successful DDA or OPA process, the overall timeframe for construction and completion of a development project is between 18 to 36 months from execution of the agreement. In recent months, the economy and market have already begun to shift, which has been reflected in rising interest rates, increased construction costs and the slowing in the absorption of new units. Due to the financial complexity of urban infill projects, a change in any of these variables has an especially dramatic impact on redevelopment and this City's revitalization activities on the Westside. As these factors continue to shift, the opportunities for timely redevelopment may diminish. It is therefore important that the City/Agency expeditiously capture and take advontage of the current economic and market conditions through the timely implementation of strategic redevelopment tools under the Exclusive Negotiating Agreement. 2-8 PAGE 9, ITEM NO.: MEETING DATE: 1.Q 9/85 /" 7~")Jo -0:> FISCAL IMPACT Each Exclusive Negotioting Agreement requires the Developer to deposit $25,000 with the Agency for project onolysis, including but not limited to paying for third party consultants, City staff time and other reosonoble costs incurred by the Agency in conducting such analysis in connection with this Agreement. ATTACHMENTS A. Map of Proposal Sites B. Douglas Wilson Profile for Landis Avenue North C. CityMork LLC Profile for Londis Avenue South D. CityMark LLC Profile for Third Avenue & E Street Northeost E. Avion Development LLC Profile for Third Avenue and E Street Southeost F. Intergulf -Mar (Park) LLC Profile for Third Avenue and G Street Northwest .' 2-9 o 0.025 0.05 , . 0.1 0.15 Added Area Redev. Project Area Town Centre I Redev. Project Area ATTACHMENT A 1. 3rd & E Northeast Corner / CityMork Development 2, 3rd & E Southeast Corner / Doug Austin 3. Landis North / Douglas Wilson 4, Landis South / CityMork Development 5, 3rd & Pork Southwest /Intergult ATTACHMENT B 4\ Douglas Wil,on Companies Existinq Uses & Ownership The property is located on the east side of Landis Avenue, approximately '12 a block west of the historic downtown core, Owned by the Agency/City, both sites are level and without structures, and are currently used as metered public parking lots, Landis Avenue is a secondary street between E Street and F Street that is characterized by a mixture of older and unique residences, most of which have been converted to professional office and multifamily residential uses. LANDIS AVENUE NORTH Site Description The site is a rectangular parcel located on the northeast corner of Davidson Street and Landis Avenue. Immediately north of the subject site is a medical office building at 251 Landis Avenue. An alley to the east separates the site from the starefronts that face Third Avenue. A two-story office building at 311-319 F Street is located to the south, and commercial and residential uses are located to the west. Douglas Wilson Companies IS interested in developing a project on the Landis North site within the Agency's Town Centre I Redevelopment Proiect Area, The subject property consists of one parcel located along the eastern side of Landis Avenue, between Davidson and E Streets (Assessor's Parcel Number 568-04-411) and totals approximately 29,319 square feet in area, GPU & UCSP The pending General Plan Update and Urban Core Specific Plan currently propose mixed-use land use designations within the subdistrict that includes this site. Developer Qualification & RFQ Process In September 2004, Community Development Department publicly issued and circulated a Request for Proposals and Qualifications for the City/Agency's two publicly owned parking lots along Landis Avenue, just north and south of Davidson Street. Proposals and statements of qualifications were received from multiple well-qualified developers possessing intimate knowledge and experience in urban residential and mixed-use developments, including Douglas Wilson Companies, To assist in the selection process, 2-11 ATTACHMENT B Redevelopment staff formed a small selection committee, consisting of staff and outside volunteer experts, to hold interviews with prospective developers. In addition to developer history, experience, and financial capabilities, a key criteria and focus of the selection committee was the level of commitment of the development teams to creating positive partnerships and working relationships with City/Agency staff, the local community, and other development teams working with the City/Agency. Based upon Redevelopment staff's review of the developer's profile, history, and qualifications for this site, staff is recommending that the Agency enter into an ENA with Douglas Wilson Companies for the northern corner of Landis and Davidson Streets. Developer Profile. History, and Qualifications Douglas Wilson Companies is an experienced developer of mixed-use urban infill proiects in the San Diego area, based in San Diego and founded in 1989, Douglas Wilson Companies primarily develops low-rise and mid-rise residential projects, including condominiums and mixed-use developments incorporoting retail and office space. Douglas Wilson's portfolio and business plan include lofts, town homes, flats, and live/work residences. Notable completed Douglas Wilson projects in the San Diego region include: IJ Parkloft, 120 one- and two-story residentiollofts, ranging from 930 to over 3,000 sf, in the East Village ofthe City of San Diego. IJ Symphony Towers. This mixed-use development in downtown San Diego consists of a 34-story office tower, a 2,255 seat theatre for the San Diego Symphony, a 264-room hotel and a five-level parking structure. Notable current CityMark projects in the San Diego region include: IJ The Mark. Thirty-two story, 244-residential condominium project in the East Village of the City of San Diego consisting of 233 condominium units, 11 two- story town homes, and 8,000 sf of retail ground floor space. Aaency-Developer Partnership In addition to their experience ond depth os on urban residential developer in San Diego County, Douglas Wilson Companies is composed of a small and very close development team that has emphasized their desire and commitment to creating close partnerships with staff, the Agency/City, and the community to create product types and designs that complement the character and charm of Chula Vista's downtown village. .' 2-12 [ITYHAIR ..'H~""''' LANDIS AVENUE SOUTH Site Description Located in the heart of Chula Vista's downtown village, the Landis South site is situated in an ideal location for the creation of residential densities to support and reinvigorate the Third Avenue business district, Development at this location will also present important opportunities to create enhanced linkages and pedestrian access to and from local residences, Third Avenue businesses, neighboring parks, ond local community centers. CityMark Development LCC, is interested in developing a project on the Landis South site within the Agency's Town Centre I Redevelopment Project Area. The subject property consists of nine parcels located along the eastern side of Landis Avenue, between Davidson and F Streets (Assessor's Parcel Numbers 568-152-2300 through 568-152-2700, 568-152-2900, and 568-152-0100 through 568- 152-0300) and totals approximately 46,352 square feet in area, ATTACHMENT C Existina Uses & Ownership The site is owned by the City/Agency and is currently used as a metered parking lot. Landis Avenue is a secondory street between E and F Streets that is characterized by a mixture of older and unique residences, many of which have been converted to professional office and multifamily residential uses. The current general plan land use designations for the site ore Residential High (RH / 18 to 27 + Dwelling Units per Gross Acre) on seven parcels and Retail Commercial (CR) on the remaining two parcels. Current zoning designations for the site are Administrative and Professional Zone (C-O) for eight of the parcels and Central Business Zone (C-B) for the remaining parcel. Surrounding land uses include several medical office buildings and other miscellaneous commercial retail, service, and office uses, GPU & UCSP The pending General Plan Update and Urban Core Specific Plan currently propose mixed-use designations within the subdistrict that includes the Landis Avenue area, Developer Qualification & Owner Participation Process In September 2004, Community Development Department publicly issued and circulated a Request for Proposals and Qualifications for the City/Agency's two publicly owned 2'""13 ATTACHMENT C parking lots along Landis Avenue, iust north and south of Davidson Street, Proposals and statements of qualifications were received from multiple well-qualified developers possessing intimate knowledge and experience in urban residential and mixed-use developments, including CityMark Development, LLC. To assist in the selection process, Redevelopment staff formed a small selection committee, consisting of staff and outside volunteer experts, to hold interviews with prospective developers. In addition to developer history, experience, and financial capabilities, a key criteria and focus of the selection committee was the level of commitment of the development teams to creating positive partnerships and working relationships with City/Agency staff, the local community, and other development teams working with the City/Agency, Based upon Redevelopment staff's review of the developer's profile, history, and qualifications for this site, ond input received from the selection committee, staff is recommending that the Agency enter into an ENA with CityMark Development, LLC for the Landis South site. Developer Profile, History, and Qualifications CityMark Development is an urban residentiol and mixed-use development company b,ased in San Diego and founded in 2000. CityMark primarily develops low-rise and mid-rise residential projects, including condominiums and mixed-use developments incorporating retail and office space. CityMark's portfolio and business plan include lofts, town homes, flats, and live/work residences ranging in pricing from the $200,000's to $800,000's. Notoble completed CityMark proiects in the San Diego region include: D CitvMark at Cortez Hill. 16 two- and three-bedroom townhouse units in the Cortez Hill District of the City of San Diego near the newly renovated EI Cortez Hotel. D Doma. 121-unit mixed-use development in Little Italy consisting of 66 eight-story lofts, 40 four-story townhouses, and 15 four-story flats with almost 60 distinct floor pions. D Paseo. 18 townhouses ond live/work residences in the historic downtown district of the City of La Mesa. Notable current CityMark projects in the San Diego region include: D M2i. Seven-story, 230-unit condominium project in the Ballpark District of the City of San Diego consisting of townhouses, flats, and live/work units. D Farenheit. Seven-story, 77-unit loft project in the Ballpark District of the City of San Diego that will incorporate ground floor "shopkeeper" units. D Eoyptian. Seven-story, 80-unit mixed-use project in the Hillcrest area of the City of San Diego. CityMark's Cortez Hill and doma projects were the recipients of multiple awards at the 2002 and 2003 San Diego Building Industry Association's Sales, Advertising, and Merchandising Awards, including Best Attached Housing Proiect Award. 2-14 ATTACHMENT C Aaencv-Developer Partnership In addition to their experience and depth as an urban residential developer in San Diego County, CityMark is composed of a small and very close development team that has emphasized their desire and commitment to creating close partnerships with staff, the Agency/City, and the community to create product types and designs thot complement the character and charm of Chula Vista's downtown village. CityMork's commitment to local partnerships was a key factor in their selection during the RFP/Q interview process. . 2-15 [!rYHADK tn.,...... THIR~VENUE & E STREET NORTHEAST General Location Description The intersection of Third Avenue and E Street is a key gateway entrance inta Chula Vista's downtown Third Avenue business district and "the Village" vision area of the Urban Core Specific Plan, E Street is a major east-west transportation corridor of the City between the 1-5 and 1-805 Freeways. Development of this intersection would provide critical new opportunities to facilitate redevelopment of the Urban Core, attract and encourage private investment along Third Avenue, and enhance the western entrance to the Third Avenue business district from a physical, aesthetic, and economic standpoint. CityMark Development LCC is interested in developing a project on the northeast corner of Third Avenue and E S1reet within the Agency's Merged Redevelopment Project Area. The subject properly is located at 295 E Street (Assessor's Parcel Number 566-240-3000) and totals approximately 52,906 square feet in area. ATTACHMENT D \ fltf.O~J"\c."p. \ \ \00""'\ \, \ ,,\ \ \~~ ;,,,0' \~-----'" \ ----- \ \ 'e' \ \ \ ,"'" . ',/"\ \ \ ~\,\ \ I ' Existina Uses & Ownership The site is currently used as a leased Bank of America facility and parking lot. Title of the property is currently held in trust. The current general plan land use and zoning designations for the site are Retail Commercial (CR) and Central Commercial Zone (C-C), respeetively, Surrounding land uses include miscellaneous commercial retail, service, and offiCEr-uses of the downtown village, GPU &- UCSP The pending General Plan Update and Urban Core Specific Plan currently propose mixecf-use designations within the subdistrict that includes the intersection of Third Avenue and E Street, Devel~er Qualification & Owner Participation Process On July 12, 2004, Community Development received a "Statement of Interest" from CityMark Development LLC about opportunities for redevelopment projects in Chula Vista, CityMark identified three sites of primary interest to them based on their product type cmd qualifications, including the subject properly on the northeast corner of Third Avenue and E Street. Based upon redevelopment staff's review of the developer's profile, 2-16 ATTACHMENT D history, and qualifications for this site, staff is recommending that the Agency enter into an ENA with CityMark Development LLC for the northeast corner of Third Avenue and E Street. Developer Profile, History, and Qualifications CityMark Development is on urban residential and mixed-use development company based in San Diego and founded in 2000. CityMark primarily develops low-rise and mid-rise residential projects, including condominiums and mixed-use developments incorporating retail and office space. CityMark's portfolio and business plan include lofts, town homes, flats, and live/work residences ranging in pricing from the $200,000's to $800,000's. Notable completed CityMark projects in the San Diego region include: a CilvMark at Cortez Hill. 16 fwo- and three-bedroom townhouse units in the Cortez Hill District of the City of San Diego near the newly renovated EI Cortez Hotel. a Doma. 121-unit mixed-use development in Little Italy consisting of 66 eight-story lofts, 40 four-story townhouses, and 15 four-story flats with almost 60 distinct floor plans. a Paseo, 18 townhouses and live/work residences in the historic downtown district of the City of La Mesa. Notable current CityMark projects in the San Diego region include: a M2i, Seven-story, 230-unit condominium project in the Ballpork District of the City of San Diego consisting of townhouses, flats, and live/work units. a Farenheit. Seven-story, 77-unit loft project in the Ballpark District of the City of San Diego that will incorporote ground floor "shopkeeper" units. a Eavptian. Seven-story, 80-unit mixed-use project in the Hillcrest area of the City of San Diego. CityMark's Cortez Hill ond Doma projects were the recipients of multiple awards ot the 2002 and 2003 San Diego Building Industry Association's Sales, Advertising, and Merchandising Awards, including Best Attached Housing Project Award. Aaencv-Developer Partnership In addition to their experience and depth as an urban residential developer in San Diego County, CityMark is composed of a small and very close development team that has emphasized their desire and commitment to creating close partnerships with staff, the Agency/City, and the community to create product types and designs that complement the character and charm of Chula Vista's downtown village. 2-17 AUSTIN V E U M ROBBINS PARTNERS THIRD AVENUE & E STREET SOUTHEAST - General Location Description The intersection of Third Avenue and E Street is a key gateway entrance into Chula Vista's downtown Third Avenue business district and "the Village" vision area of the Urban Core Specific Plan. E Street is a maior east-west transportation corridor of the City between the 1-5 and 1-805 Freeways. Development of this intersection would provide critical new opportunities to facilitate redevelopment of the Urban Core, attract and encourage private investment along Third Avenue, and enhance the western entrance to the Third Avenue business district from a physical, aesthetic, ancJceconomic standpoint. Avion Development LCC (Avion), is interested in developing a project on the southeast corner of Third Avenue and E Street. The subject property is located at 201 Third Avenue (APN 568-071-01) and totals approximately 11,454 square feet in area. ATTACHMENT E Existina Uses & Ownership The site is currently vacant, and was formerly a gasoline service station, The City of Chula Vista Redevelopment Agency currently holds title of the property. The General Plan land use designation for the site is Retail Commercial, and the zone designation is Central Business Zone (C-B), respectively. Surrounding land uses include miscellaneous commercial retail, service, and office uses. GPLr& UCSP The pending General Plan Update and Urban Core Specific Plan currently propose mixed-use land use designations within the subdistrict that includes the intersection of Third Avenue and E Street. Developer Profile & Qualifications The Agency received an unsolicited proposal from Avion Development LLC for the redevelopment of the Property. The Agency conducted an Initial Project Analysis (IPA) of 2-18 ATTACHMENT E the development proposal and determined that Avion was qualified to plan, design, and develop the Property, Avion is an experienced developer of mixed-use urban infill projects in the San Diego area, including One Library Circle, Santa Fe 6, 17th & G, Smart Corner (Park Blvd. & Broadway), and 15th & Market. Avion is qualified to develop the subject property ot a scole and intensity as conceptualized in the project proposal. Aqency-Developer Partnership In addition to their experience and depth as an urban residential developer in San Diego County, CityMark is composed of a small and very close development team that has emphasized their desire and commitment to creating close partnerships with staff, the Agency/City, and the community to create product types and designs that complement the character and charm of Chula Vista's downtown village. " 2-19 ~f1-r inter I- v ., ',' [ _,~ r DEVELOPMEMT '.OUP THIRD AVENUE AND G STREET NORTHWEST- '"" General Location Description Third Avenue and G Street IS a key intersection located in the heart of Chula Vista's downtown business district and "the Village" vision area of the Urban Core Specific Plan. Third Avenue is a major transportation corridor and commercial district, Development at this intersection would facilitate redevelopment of the Urban Core, attract and . encourage private investment along Third Avenue, and enhance the Third Avenue business district from a physical, aesthetic, and economic stondpoint. Inte<gulf-Mar (Park) LLC are interested in developing a -rW6ject on the west side of Third Avenue between G SF€et and Park Way. The subiect property includes 380 Third Avenue (APN 568-300-46) and 314- Park Woy (APN 568-300.15, which total 41,097 square feet in area, ATTACHMENT F Exisl1nq Uses & Ownership The-'-site is currently developed with an office . building, which houses the offices of the Social SeGU!','lty Administration, and retail space; .which incL.:ioes a Dominoes Pizza. Intergulf-Mar (Park) LLCcurrently hold title of the property, The General Plan land use designation for the site is Ra.tail Commercial, and the zone designation is Central Business Zone (C-B), respectively, Surrounding land uses include miscellaneous commercial retail, service, and office uses of the downtown village, multi-family residential to the west, and Memorial ParkJo the north. GPU & UCSP The pending General Plan Update and Urba.n Core Specific Plan currently propose mixeel.-use land use designations within the subdistrict that includes the intersection of Third Avenue and G Street. Developer Profile & Qualifications The Agency received an unsolicited proposal from lntergulf-Mar (Park) LLC for the redevelopment of the Property and adjacent public right-of-way (alley). The Agency conducted an initial analysis of the development proposal and determined that the 2-20 ATTACHMENT F developer was qualified to plan, design, and develop the Properly and that the proposed project wos consistent with the current droft policies of the GPU and UCSP. Intergulf-Mor (Park) LLC is qualified to develop the subject properly at a scale and intensity as conceptualized in the project proposal. Developer Profile, History, ond Qualifications Intergulf Development Group has become one of North America's leading development companies, building on decades of successful operations in Canada and California, ond now expanding to other states. Intergulf develops low-rise, mid-rise, and high-rise residential projects, including condominiums and mixed-use developments incorporating retoil and office space. Notable completed Intergulf projects in the San Diego region include: o LAVITA (San Dieco) 304 condominium high-rise development Construction Period: 2002-2004 o TREO AT KmNER (San Dieco) 330 condominium high-rise development Construction Period: 2000-2002 Notable current Intergulf projects in the San Diego region include: o ALlCANTE (San Dieco) 95 condominium high-rise development Construction Period: 2004-2006 o BREZZAAT NORTH EMBARCADERO (San Dieao) 174 condominium high-rise development Construction Period: 2005-2007 o PALAZZO (La Jolla) 30 luxury townhomes and condominiums of 1500 to 2800 s,f, o CITYSCAPE (San Dieaol 500 condominium high-rise development Construction Period: 2005-2008 Aaency-Developer Partnership In addition to their experience and depth as an urban residential developer in San Diego County, Intergulf-Mar (Park) LLC are composed of a diverse and experienced development team that have emphasized their desire and commitment to creoting close partnerships with staff, the Agency/City, and the community to create product types and designs that complement the character and charm of Chula Vista's downtown village. 2-21 RESOLUTION NO. RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND DOUGLAS WILSON COMPANIES REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE NORTH SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ("Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development, reconstruction, and rehabilitation of residential, commercial, industrial, and retail uses; and WHEREAS, an Exclusive Negotiating Agreement ("ENA") is an important redevelopment tool to the Agency to establish a legal and contractual framework for negotiations and provide a defined timeline for completion of predevelopment activities with a developer about a potential redevelopment project; and WHEREAS, Douglas Wilson Company ("Developer") is interested in developing a project at the northeast corner of Landis Avenue and Davidson Street ("Property"), located in the Agency's Town Centre I Redevelopment Project Area; and WHEREAS, the Redevelopment Agency has ownership of Property and issued a Request for Qualifications to develop Property and; WHEREAS, staff has determined that Developer is qualified to design and develop a high quality project at the proposed development site that is consistent with the goals of the Agency's adopted Redevelopment Plan for the Town Centre I Redevelopment Project Area; and WHEREAS, Developer has acknowledged that the City is processing a General Plan Update and an Urban Core Specific Plan and that the processing and/or adoption of these plans is not a consideration in their proceeding with their development at this time; and WHEREAS, it is in the interest of the Agency and Developer for the Agency to execute and enter into an ENA with Developer for the proposed development site based on Developer's qualifications; and " WHEREAS, the ENA also retains Agency sole discretion for future actions necessary to process any project and does not commit the Agency to the approval of or financial participation in the project; and WHEREAS, approval of the ENA is exempt from the California Environmental Quality Act ("CEQA") pursuant to Section 15061 (b) (3) of the State CEQA Guidelines; and 2-22 . , Page 2 RDA Resolution No, NOW THEREFORE BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby approve the Exclusive Negotiating Agreement with Douglas Wilson Company for potential development of a real estate project located at Landis Avenue North and authorizes the Chair to execute said Agreement, PRESENTED BY APPROVED AS TO FORM BY Laurie Madigan Director of Community Development 2-23 EXCLUSIVE NEGOTIATING AGREEMENT This Exclusive Negotiating Agreement ("Agreement"), dated as of this 26th day of July, 2005 ("Effective Date"), is made by and between the City of Chula Vista Redevelopment Agency, a public body, corporate and politic ("Agency") and Douglas Wilson Companies, a California corporation ("Developer"), with reference to the following facts: RECITALS In furtherance of the objectives of the Califomia Community Redevelopment Law, the Agency has undertaken a program for the redevelopment of certain areas within the City of Chula Vista ("City"), and in connection therewith is undertaking and carrying out activities for redevelopment in the Town Center I Redevelopment Project Area ("Project Area") pursuant to and in furtherance of the redevelopment plan for the Project Area ("Redevelopment Plan"), The subject matter of this Agreement concems that certain real property located within the Project Area as depicted on Exhibit "A" hereto ("Property"). The Property is located on the northeast of landis Avenue and the north side of Davidson Street, known as the landis Avenue Northeast site (APN Landis Avenue Northeast site). The site totals approximately 29,319 square feet in area. The Developer is proposing to develop a mixed use residential and commercial development ("Project") and desires to negotiate a Disposition and Development Agreement ("DDA") with the Agency, After a competitive selection process, the Agency selected the Developer as the entity with which to negotiate terms for an agreement for development of the Property. Therefore, the Agency desires to enter into this Agreement with the Developer with the objective of determining the feasibility of the proposed project and consideration of entering into a mutually acceptabie DDA for the development of the Property consistent with the terms and conditions of this Agreement at the earliest practical date, The Developer anticipates that, following execution of this Agreement and through the period of negotiation and preparation of a DDA with respect to the Project, it will devote substantial time and effort in preparing plans, preparing project proformas, contacting financial institutions, engaging appropriate consultants, and meeting with the City and various other necessary third parties in connection with the proposed Project, and in negotiating and preparing a DDA consistent with th~ basic terms and mutual understandings established in this Agreement. " The Agency and the Developer ("Parties") desire to enter into this Agreement in order to set forth the rights and duties of the Parties during the term of the Exclusive Negotiating Period subject to the Owner Participation rules and regulations established for the Project Area. Now, therefore, the Parties mutually agree as follows: 1, Good Faith Negotiations -1- C:\Documents and SettingsldkiefferlLocal SettiDgsITcmporill')' Internet Files\OLK5rr~g~ 4'ilSOU ENA.do<: A. Agency and Developer agree (for the period stated below) to negotiate in good faith pursuant to the terms of this Agreement a DDA or other form of agreement or agreements to be entered into between the Agency and Developer concerning the purchase and development of the Property. Agency agrees not to negotiate with any other person or entity regarding development of the Property without the prior written consent of Developer. Nothing in this Agreement shall be deemed a covenant, promise or commitment by Agency, the City of Chula Vista, or any agency of the City, with respect to the acquisition of property or the approval of development or the proposed General Plan Update or Urban Core Specific Plan, Agency's acceptance of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any actions required of it B, Notwithstanding the foregoing, if the Property incorporates parcels not under Agency or Developer control, Developer acknowledges that Agency may receive from time to time, unsolicited alternative proposals for the development of the Property, Agency shall notify Developer within ten days after receiving an unsolicited development proposal for all or any portion of the Property, Agency and Developer shall confer in good faith to assess and benefits of the unsolicited proposal. 2, Negotiation Period A Agency and Developer agree to negotiate for an initial 300 days which shall commence on the Effective Date unless earlier terminated in accordance with the provisions hereof ("Initial Negotiation Period"), B, If, upon the expiration of such Initial Negotiation Period, the Parties have not each approved and executed a DDA, then the Executive Director, in his sole discretion, on behalf of the Agency, is authorized to, in writing, extend the term of this Agreement for up to an additional 90 days ("Extended Negotiation Period") provided that at the end of the Initial Negotiation Period, the Agency has not exercised its right to terminate as herein provided, the Developer is in full compliance with all terms and conditions hereof, the Developer concurs with such extension of the negotiation period, and the Executive Director has determined that there is a reasonable likelihood that the Developer will agree to terms and conditions for the development of the Project on the Property required for the development of the Project that Agency staff will be able to recommend to Agency prior to the expiration of the Extended Negotiation Period, C, If, after expiration of the Initial Negotiation Period, or after the Extended Negotiation Period if this Agreement is extended, the Parties have not each approved and executed a DDA, then this Agreement shalt automatically terminate and Developer shall have no further rights regarding the subject matter of this Agreement or the Property, and Agency shall be free to negotiate with any other persons or entities with regard to the Property, 3. Obligations of Developer A Schedule - 2- C:\Documents and Settingsldkieffer\Local SettingslTcmporary Inlcmet FilcslOLK5f)l>ougjas Wilson ENA.doc ;.!-25 Agency and Developer agree and acknowledge that all submittals required by this Agreement shall be submitted pursuant to the timeline attached hereto as Exhibit "8." Exhibit "8" shall inciude, but is not limited to, submittals of Project plans, pro forma, marketing and feasibility studies, and evidence of financing that are required by the Agency; and commencement of good faith negotiations with Agency designated prospective owner participants in the Project 8, Development and Design Plans During the negotiation period, Developer shall submit development and design plans for the Project Developer shall also furnish such information to Agency regarding the proposed project as may be required by Agency to perform an environmental review pursuant to the California Environmental Quality Act (CEQA). All fees and expenses for engineers, architects, financial consultants, legal, planning or other consultants retained by Developer to perform Developer's obligations set forth in this Agreement shall be the sole responsibility of Developer. C, Reports, Studies and Public Participation Developer shall make quarterly written reports to the Agency on the Developer's progress toward meeting its obligations under this Agreement, and if requested by the Agency, Developer shall make periodic oral progress reports on all matters and all studies being made related to the acquisition and development of the Project and other matters under negotiation to the extent that they do not include confidential matters. As Agency deems reasonably necessary or appropriate, presentations may be requested at public forums to solicit input from citizens, businesses, stakeholders and relevant interest groups, D, Financing Developer shall, consistent with Exhibit "8," develop a program of financing that provides the Agency with reasonably satisfactory evidence that financing will be available for acquisition and development of the Property, E. Deposit Within ten (10) days after the Effective Date, Developer shall deposit with Agency Twenty-Five Thousand Dollars ($25,000) in immediately available funds ("ENA Deposit"), Agency shall have the right to utilize the deposit to conduct the Project analysis including but not limited to pay third party consultants, City staff time (at applicable full cost recovery rates), and other reasonable costs incurred by the Agency in conducting such analysis, Agency shall fequest additional deposits if the ENA Deposit is exhausted and Agency determines further analysis is required. Agency may cease negotiations and all activities of third party consultants until such time as ENA Deposit is replenished as reasonably requested by Agency. Any deposit balance remaining upon the termination of the Agreement shall be returned to Developer or shall be applied to any deposit required by a subsequent DDA. 4. Agency Obligations and Due Diligence - 3- C:\Documcnts iJDd Sctti.ngsldkieffa\Local Settings\Temporary h11e:rDet Files\OLK5f\r..:' 6i1son ENA.doc A During the Negotiation Period, the Agency shall conduct a due diligence investigation of the Developer's ability to purchase, own and/or operate the Project in a responsible manner, If the Agency Executive Director determines in his sole discretion that Developer does not have the ability to successfully purchase, own, and/or manage the Project in a responsible manner, the Agency Executive Director may terminate this Agreement by delivering written notice thereof to Deveioper. Agency's due diligence efforts may include, without limitation, the following: 1, assessment of the proposed financing and the capacity of Developer to qualify for financing for the Project; and 2, assessment of the capacity of Developer and their principal staff to effectiveiy own and/or manage the Project, including the ability to carry out any ongoing management oversight responsibilities 8, Agency agrees to cooperate with Developer in providing equity partner(s) and/or iender(s) of Developer with appropriate and necessary information for the Developer to fulfill its obligations hereunder, which information is not otherwise privileged. C, The Agency shall also cooperate with Developer's professional consultants and associates in providing them with any information and assistance, so far as such information is not otherwise privileged, reasonably within the capacity of the Agency in connection with the preparation of the Developer's submissions to the Agency, 5, DDA The Parties hereby acknowledge and agree that, during the Negotiation Period of this Agreement the Parties shall use their respective good faith efforts to negotiate and enter into a DDA which shall include (but not be limited to) the following: (i) the design of the Project by the Developer, which design shall be subject to the approval by the Agency and/or City, (ii) the construction of the Project by the Developer in accordance with final plans and specifications to be provided by the Developer and approved by the Agency and/or City, pursuant to a detailed schedule of performance by the Developer, (iii) the operation and management of the Project by the Developer in a good and professional manner and subject to the covenants required by law, (iv) the maintenance of landscaping, buildings, and improvements in good condition and satisfactory state of repair so as to be attractive to the community, (v) the operation of the Project by the Developer in compliance with all equal opportunity standards established by federal, state and local law, (vi) provision by each contractor and/or subcontractor (as the case may require and as appropriate) performing' work on the Project of the requisite performance bond and labor and materials payment bond to assure completion of the Project free of mechanics' liens, (vii) the Project shall be of the a quality consistent with plans and renderings provided by Developer and approved by the Agency, (viii) the terms and conditions upon which Developer shall acquire the parcel(s), and (ix) the terms and conditions upon which either party may terminate the DDA (e.g" the discovery of environmental issues/hazardous substances on the Site, unexpected development or construction costs, inability to acquire parcels), -4 - C;\DocumCllts i1Dd Scttingsldkicffcr\Lx:al ScttingslTemporary Internet FilCS\OLlU~ffUsOD ENA.do<: 6. ADDITIONAL TERMS AND OBLIGATIONS A. No Competing Development. Developer shall not commence the construction of any parcels comprising the Property owned or controlled by the Developer until this Agreement has been properly terminated according to its terms or the Agency/City has approved the Project B, Real Estate Commissions. Neither Agency nor Developer shall be liable for any real estate commission or brokerage fees which may arise here from. Agency and Developer represent that they have engaged no broker, agent or finder separately in connection with this transaction and each party agrees to indemnify, hold harmless and defend the other against claims for commissions or fees made through such party. C, Each Party to Bear its Own Cost. Each party shall bear its own costs incurred in connection with the negotiation of a DDA, and the implementation of this Agreement, except as otherwise expressly provided herein or expressly agreed in writing. D, Confidentiality, Agency and Developer recognize that disclosures made by Developer pursuant to this Agreement may contain sensitive information and that the disclosure of such information to third parties could impose commercially unreasonable and/or uncompetitive burdens on Developer and, may correspondingly, diminish the value or fiscal benefit that may accrue to the Agency upon the redevelopment of the Property by the Developer, if a future DDA is entered into by the Parties, Developer acknowledges and agrees that Agency is a public entity with a responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public, Accordingly, any information provided by Developer to Agency with respect to the Property, the Project or Developer may be disclosed to the public either purposely, inadvertently, or as a result of a public demand or order. With respect to any information provided that Developer reasonably deems and identifies in writing as proprietary and confidential in nature, Agency agrees to exercise its best efforts to keep such information confidential. In addition, if Agency determines that it is required under applicable law to disclose any information identified by Developer as proprietary and confidential in nature, Agency shall notify Developer at least three business days before disclosure of such information which will provide Developer the opportunity to seek a protective order preventing such disclosure. " E, Assignment 1, Agency would not have entered into this Agreement but for Developer's unique qualifications and experience, Therefore, Developer's rights and obligations under this Agreement may not be assigned without the prior written approval of Agency in its sole discretion. Notwithstanding the foregoing, subject to the prior written approval of the Executive Director, Developer may assign its rights hereunder to a new entity comprised of the Developer for purposes of developing the Project. Such new entity - 5- C:\Docum.cnts md Setti.ngs\dkieffcr\Local Scttings\Tcmporary :w.u:met FilCS\OLK5~~'~iISOU ENA.~ may include additional parties provided that the Developer retains responsibility for fulfilling its obligations hereunder and Developer retains management control and authority over the entity and the Project. 2. Upon the occurrence of any change, whether voluntary or involuntary, in membership, ownership, management or control of the Developer (other than such changes occasioned by the death or incapacity of any individual) that has not been approved by the Agency, prior to the time of such change, the Agency may terminate this Agreement, without liability, by sending written notice of termination to Developer. 3, Developer acknowledges that the City Council and Redevelopment Agency are in the process of forming the Chula Vista Redevelopment Corporation ("CVRC"). All resolution and ordinances necessary to form the CVRC have been adopted and the CVRC is currently seeking incorporation status from the State. Upon the completion of that process and the formation of the CVRC, all rights, duties, and obligations of the Agency under or pursuant to this Agreement shall be automatically assigned to the CVRC, F, Nondiscrimination Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, disability, national origin or ancestry in undertaking its obligations under this Agreement. G. Owner Participation Requirements This Agreement and the obligations of the Parties set forth herein are subject to the applicable Owner Participation rules and regulations established for the Project Area and California Community Redevelopment Law, 7. RETENTION OF DISCRETION A. By its execution of this Agreement, Agency is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by Agency or City, or any department thereof including, but not limited to, the approval and execution of a DDA; the proposal, amendment, or approval of any land use regulation governing the Property; the provision of financial assistance for the development of any public or private interest in real property; the authorization or obligation to use the Agency's eminent domain authority; or, any other such activity, B, Consideration of Entitlements i1nd Policy Documents, Developer understands and agrees that the Agency and. City, in their respective legislative roles, reserve the right to exercise their discretion as io all matters which the Agency and City are by law entitled or required to exercise such discretion, including but not limited to, Entitlements for the development of the Property and adoption of any amendments to policy documents (including the General Plan and Redevelopment Plans). In addition, Developer understands and agrees that the Entitlements and any other documents shall be subject to and brought to the Agency or City, as appropriate, for consideration in accordance with applicable legal requirements, including laws related to notice, public hearings, due process and the California Environmental Quality Act. - 6- C:\Docwm:nts!ll)d SettingsldkidfcrlLocal SettingslTc:mporary Internet Files\QLK.5P,Douglll$ WilsOD ENA.doc 2-29 C. Developer acknowledges that any plans processed for the Property will be based upon the current General Plan and Zoning Code of the City, Additionally, Developer acknowledges that the City is processing a General Plan Update ("GPU") and Urban Core Specific Plan ("UCSP"), which include the Property, Developer further acknowledges and agrees that the City may consider a number of development alternatives for the Property for consideration by the City Council as part of City's GPU and UCSP process, Developer agrees and acknowledges that the processing and/or adoption of these plans by the City is not a consideration in its proceeding with this agreement or the proposed development project and Developer may need to request amendments to the existing General Plan or, if approved, the GPU or UCSP. The GPU and UCSP are legislative actions and this agreement does not limit or in any way interfere with the City Council's ability to exercise its discretionary authority as it relates to these or any other legislative actions. The exercise of the City's legislative discretion shall not form the basis of breach of this Agreement, express or implied, or any other claims against the City. D, Consideration by the Agency of the final Project as contained in the DDA. This Agreement does not constitute a disposition of property or exercise of control over property by Agency and does not require a public hearing. Agency execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any proposed DDA and all proceedings and decisions in connection therewith, The parties understand that Agency has the complete and unfettered discretion to reject a DDA without explanation or cause, The risk of loss of all processing, design and developmental costs incurred by the Developer prior to DDA approval shall be absorbed entirely by Developer except unless expressly assumed, by the terms of this Agreement by the Agency, As to any matter which the Agency may be required to exercise its unfettered discretion in advancing the Project to completion, nothing herein shall obligate the Agency to exercise its discretion in any particular manner, and any exercise of discretion reserved hereunder or required by law, shall not be deemed to constitute a breach of Agency duties under this agreement. 8. TERMINATION RIGHTS Notwithstanding the Initial or Extended Negotiating Periods hereinabove set forth, either party may terminate this Agreement if the other party has materially defaulted in its obligations herein set forth, and the terminating party has provided defaulting party with written notification of such determination, and the defaulting party has refused to cure same. The written notification shall set forth the nature of the actions required to cure such default if curable, Defaulting party shall have 15 days from the date of the written notification to cure such default. If such default is not cured within the 15 days, the termination shall be deemed effective, Any failure or delay by a party in asserting any of its rights or remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default. Each party shall also have the right to terminate this Agreement in the event that Agency or Developer determines that (a) the Project is infeasible or not in the public interest; or (b) the parties reach an impasse in their negotiation of the DDA which cannot be resolved after good faith efforts. g, GENERAL PROVISIONS -7 - C:\Documcnts md Settings\dkieffc:rlLo~al SettiJJgs\T=mporary Internet fjles\OLKSF2':!d'ilson ENA.doc A Address for Notice. Developer's Address for Notice: David Kieffer Douglas Wilson Companies 450 B Street, Suite 1900 San Diego, CA 92101 Telephone: 619-641-1141 Fax: 619-641-1150 Agency's Address for Notice: Redevelopment Agency of the City of Chula Vista Community Development Department 276 Fourth Avenue Chula Vista, CA 91910 Attn: Director of Community Development Telephone: (619) 691-5047 Fax: (619) 476-5310 Copy to: City Attorney B, Authority, Each party represents that it has full right, power and authority to execute this Agreement and to perform its obligations hereunder, without the need for any further action under its governing instruments, and the parties executing this Agreement on the behalf of such party are duly authorized agents with authority to do so, C, Counterparts, This Agreement may be executed In multiple copies, each of which shall be deemed an original, but all of which shall constitute one Agreement after each party has signed such a counterpart. D, Entire Agreement This Agreement together with all exhibits attached hereto and other agreements expressly referred to herein, constitutes the entire Agreement between the parties with respect to the subject matter contained he~ein, All prior or contemporaneous agreements, understandings, representation9, ,: warranties and statements, oral or written, are superseded, .' E, Further Assurances. The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Agreement and the intentions of the parties. F. No Third Party Beneficiaries. - 8- C:lDocumCllts and Scttings\dkiefferlLocal SettiD.gsITcmporary Internet Flles\OLKSF\Douglas Wilson ENA.doc 2-31 There are no other parties to this Agreement, express or implied, direct or indirect. Agency and Developer acknowledge that it is not their intent to create any third party beneficiaries to this Agreement. G, Exclusive Remedies. 1, In the event of default by either party to this Agreement, the parties shall have the remedies of specific performance, mandamus, injunction and other equitable remedies. Neither party shall have the remedy of monetary damages against the other; provided, however, that the award of costs of litigation and attorneys' fees shall not constitute damages based upon breach of this Agreement where such an award is limited to reasonable costs of litigation incurred by the Parties, 2. Each party acknowledges that it is aware of the meaning and legal effect of California Civil Code Section 1542, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him would have materially affected his settlement with debtor. California Civil Code Section 1542 notwithstanding, it is the intention of the Parties to be bound by the limitation on damages and remedies set forth in this Section 7G, and the Parties hereby release any and all claims against each other for monetary damages or other legal or equitable relief related to any breach of this Agreement, whether or not any such released claims were known to either of the Parties as of the date of this Agreement. The Parties each waive the benefits of California Civil Code Section 1542 and all other statutes and judicial decisions of similar effect with regard to the limitations on damages and remedies and waivers of any such damage and remedies contained in this Section 7G, H. Indemnity. Developer shall indemnify, protect, defend and hold harmless Agency, its elected officials, employees and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect its obligations hereunder or the Property, excluding any such losses arising from the sole negligence or sole willful misconduct of Agency or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement. Notwithstanding the foregoing,.in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation, . L Time is of the Essence, Time is of the essence for each of Developer's obligations under this Agreement. [NEXT PAGE IS SIGNATURE PAGE] - 9- C\Documents and Settingsidkieffer\Local ScttiDgs\Temporary Lntemet Files\OLK5~U~~WilsOD ENA.dlx: Signature Page To Exclusive Negotiating Agreement IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date set forth above, thereby indicating the consent of their principals, REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA DOUGLAS WILSON COMPANIES, A California Cor oration By: By: Steve Padilla Chair Date: Date: ~kl ,/ / i5" / 2coS- APPROVED AS TO FORM: By: Ann Moore Agency Attorney Date: ATTEST: Susan Bigelow City Clerk " .' 2-33 0 0.025-0.05 - ~ :; ". .", ~ 0,1 0.15 0,2 Miles Added Area Redev, Project Area o Landis North Douglas Wilson Companies Town Centre I Redev, Project Area 2-34 Market Study Site Plans and Elevations Initial Pro Forma EXHIBIT "B" Exclusive Negotiating Agreement Timeline Agency shall cause a reputable title company to issue a Preliminary Title Report on the subject Property to the Developer. Pre-design workshop to gather input from the public and stakeholders on the design parameters and framework for the subject Property, Forecast of regional and local real estate market conditions and anticipated performance of anticipated product types, Based on pre-design review with staff and public input received at Public Workshop #1, submit preliminary site plans and elevations, Concurrent with site plans and elevations, submit initial pro forma evaluations for the proposed development. Project Development Schedule Site Adequacy Revised Site Plans and Elevations Revised Pro Forma Projected timeline and schedule for the construction of the proposed development. Developer shall provide written determination of whether the subject Property is physically suitable for development taking into account regulatory and environmental conditions that are deemed reievant. Revisions based on staff review and comments, and consistency with applicable General Plan land use policies, specific plans, design guidelines, and development standards, Revisions based on revised site plans and elevations, AAPAC or TCPAC / Public Workshop #2 Final Site Plans and Elevations Final Pro Forma Development Partners and Structure Funding Partners and Structure If Project is located in the Added Area or Town Centre I Project Areas, public workshop with Project Area Committee to present proposed development proposals, Final site plans and elevations, Revisions based on revised site plans and elevations, Identification of investment partners, Identification of lenders and proof af ability to obtain financing, .' Redevelopment Agency / City Council Presentation Presentation of development proposal and DDNOPA to Agency and/or Council for final review and consideration. 2-35 RESOLUTION NO. RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE LANDIS AVENUE SOUTH SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ("Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development, reconstruction, and rehabilitation of residential, commercial, industrial, and retail uses; and WHEREAS, an Exclusive Negotiating Agreement ("ENA") is an important redevelopment tool to the Agency to establish a legal and contractual framework for negotiations and provide a defined timeline for completion of predevelopment activities with a developer about a potential redevelopment project; and WHEREAS, CityMark Development LLC ("Developer") is interested in developing a project to the southeast of Landis Avenue and Davidson Street ("Property"), located in the Agency's Town Centre I Redevelopment Project Area; and WHEREAS. the Redevelopment Agency has ownership of Property and issued a Request for Qualifications to develop Property in accordance with all applicable plans and policies of the City of Chula Vista and the Redevelopment Agency; and; WHEREAS. staff has determined that Developer is qualified to design and develop a high quality project at the proposed development site that is consistent with the goals of the Agency's adopted Redevelopment Plan for the Town Centre I Redevelopment Project Area; and WHEREAS, Developer has acknowledged that the City is processing a General Plan Update and an Urban Core Specific Plan and that the processing and/or adoption of these plans is not a consideration in their proceeding with their development at this time; and WHEREAS, it is in the interest of the Agency and the Developer for the Agency to execute and enter into an ENA with Developer for the proposed development site based on Developer's qualifications; and .' WHEREAS, the ENA also retains Agency sole discretion for future actions necessary to process any project and does not commit the Agency to the approval of or financial participation in the project; and WHEREAS. approval of the ENA is exempt from the California Environmental Quality Act ("CEQA") pursuant to Section 15061 (b)(3) of the State CEQA Guidelines; and 2-36 Page 2 RDA Resolution No. NOW THEREFORE BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby approve the Exclusive Negotiating Agreement with CityMark Development LLC for potential development of a real estate project located at Landis Avenue South and authorizes the Chair to execute said Agreement. PRESENTED BY Laurie Madigan Director of Community Development 2-37 APPROVED AS TO FORM BY ~U2 I/zde An Moore ~ Agency Attorney EXCLUSIVE NEGOTIATING AGREEMENT This Exclusive Negotiating Agreement ("Agreement"), dated as of this 26th day of July, 2005 ("Effectlve Date"), is made by and between the City of Chula Vista Redevelopment Agency, a public body, corporate and politic ("Agency") and CityMark Development, LLC, a California limited liability company ("Developer"), with reference to the following facts: RECITALS In furtherance of the objectives of the California Community Redevelopment Law, the Agency has undertaken a program for the redevelopment of certain areas within the City of Chula Vista ("City"), and in connection therewith is undertaking and carrying out activities for redevelopment in the Town Center I Redevelopment Project Area ("Project Area") pursuant to and in furtherance of the redevelopment plan for the Project Area ("Redevelopment Plan"), The subject matter of this Agreement concerns that certain real property located within the Project Area as depicted on Exhibit "A" hereto ("Property"), The Property consists of nine parcels encompassing approximately 46,352 square feet of territory located along the eastern side of Landis Avenue, between Davidson Street and F Street in the City of Chula Vista (Assessor Parcel Numbers 568-152-2300, 568-152-2400, 568-152-2500, 568-152-2600, 568- 152-2700, 568-152-2900, 568-152-0100, 568-152-0200, 568-152-0300). The Developer is proposing to develop an urban mixed-use residential deveiopment ("Project") and desires to negotiate a Disposition and Development Agreement ("DDA") with the Agency, After a competitive selection process, the Agency selected the Developer as the entity with which to negotiate terms for an agreement for development of the Property. Therefore, the Agency desires to enter into this Agreement with the Developer with the objective of determining the feasibility of the proposed project and consideration of entering into a mutually acceptable DDA for the development of the Property consistent with the terms and conditions of this Agreement at the earliest practical date, The Developer anticipates that, following execution of this Agreement and through the period of negotiation and preparation of a DDA with respect to the Project, it will devote substantial time and effort in preparing plans, preparing project proformas, contacting financial institutions, engaging appropriate consultants, and meeting with the City and various other necessary third parties in connection with the proposed Project, and in negotiating and preparing a DDA consistent with the basic terms and, mutual understandings established in this Agreement. ':,: The Agency and the Developer ("Parties") desire to enter into this Agreement in order to set forth the rights and duties of the Parties during the term of the Exclusive Negotiating Period subject to the Owner Participation rules and regulations established for the Project Area, Now, therefore, the Parties mutually agree as follows: 2LS8 1, Good Faith Negotiations A. Agency and Developer agree (for the period stated below) to negotiate in good faith pursuant to the terms of this Agreement, a DDA or other form of agreement or agreements to be entered into between the Agency and Developer concerning the purchase and development of the Property by Developer. Agency agrees not to negotiate with any other person or entity regarding development of the Property without the consent of Developer, Nothing in this Agreement shall be deemed a covenant, promise or commitment by Agency, the City of Chula Vista, or any agency of the City, with respect to the acquisition of property or the approval of development or the proposed General PlanUpdate or Urban Core Specific Plan, Agency's acceptance of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any actions required of it 8, Notwithstanding the foregoing, if the Property incorporates parcels not under Agency or Developer control, Developer acknowledges that Agency may receive from time to time, unsolicited alternative proposals for the development of the Property, Agency shall notify Developer within ten days after receiving an unsolicited development proposal for all or any portion of the Property, Agency and Developer shall confer in good faith to assess the benefits of the unsolicited proposal. 2, Negotiation Period A. Agency and Developer agree to negotiate for an initial period of three hundred (300) days which shall commence on the Effective Date unless earlier terminated in accordance with the provisions hereof ("Initial Negotiation Period"). 8, If, upon the expiration of such Initial Negotiation Period, the Parties have not each approved and executed a DDA, then the Executive Director, in his or her sole discretion, on behalf of the Agency, is authorized to extend, in writing, the term of this Agreement for up to an additional ninety (90) days ("Extended Negotiation Period") provided that at the end of the Initial Negotiation Period, neither the Agency nor the Developer has exercised its right to terminate as provided herein and the Developer is in full compliance with all terms and conditions hereof, the Developer concurs with such extension of the negotion period, and the Executive Director has determined that there is a reasonable likelihood that the Developer will agree to terms and conditions for the development of the Project on the Property that Agency staff will be able to recommend approval of the DDA to the Agency prior to the expiration of the Extended Negotiation Period, C, If, after expiration of the Initial Negotiation Period, or after the Extended Negotiation Period if this Agreement is extended, the Parties have not each approved and executed a DDA, then this Agreement shall automatically terminate and Developer shall have no further rights regarding the subject matter of this Agreement or the Property, and Agency shall be free to negotiate with any other persons or entities with regard to the Property, 3, Obligations of Developer A. Schedule Agency and Developer agree and acknowledge that all submittals required by this Agreement shall be submitted pursuant to the timeline attached hereto as Exhibit "8," 22..'39 Exhibit "8" shall include, but is not limited to, submittals of Project plans, pro forma, marketing and feasibility studies, and evidence of financing that are required by the Agency. B, Development and Design Plans During the negotiation period, Developer shall submit development and design plans for the Project Developer shall also furnish such information to Agency regarding the proposed project as may be required by Agency to perform an environmental review pursuant to the California Environmental Quality Act ("CEQA"). All fees and expenses for engineers, architects, financial consultants, legal, planning or other consultants retained by Developer to perform Developer's obligations set forth in this Agreement shall be the sole responsibility of Developer. C. Reports, Studies and Public Participation Developer shall make written reports to the Agency on the Developer's progress toward meeting its obligations under this Agreement as requested by the Agency, and if requested by the Agency, Developer shall make periodic oral progress reports on all matters and all studies being made related to the acquisition of the Property and development of the Project and other matters under negotiation to the extent that they do not include confidential matters, As Agency deems reasonably necessary or appropriate, presentations may be requested at public forums to solicit input from citizens, businesses, stakeholders and relevant interest groups, D, Financing Developer shall, consistent with Exhibit "B," develop a program of financing that provides the Agency with reasonably satisfactory evidence that financing will be available for acquisition and development of the Property, E. Deposit Within ten (10) days after the Effective Date, Developer shall deposit with Agency Twenty-Five Thousand Dollars ($25,000) in immediately available funds ("ENA Deposit"). Agency shall have the right to utilize the deposit to conduct the Project analysis including but not limited to pay third party consultants, City staff time (at applicable full cost recovery rates), and other reasonable costs incurred by the Agency in conducting such analysis, Agency shall request additional deposits if the ENA Deposit is exhausted and Agency determines further analysis is required. Agency may cease negotiations and all activities of third party consultants until such time as ENA Deposit is replenished as reasonably requested by Agency, Any deposit balance remaining upon the termination of the Agreement shall be returned to Developer or shall be applied to any deposit required by a subseq,\,ient DDA 4, Agency Obligations and Due Diligence A During the Negotiation Period, the Agency shall conduct a due diligence investigation of the Developer's ability to purchase, own and/or operate the Project in a responsible manner, If the Executive Director determines in his or her sole discretion that Developer does not have the ability to successfully purchase, own, and/or manage the Project in a responsible manner, the Executive Director may terminate this Agreement by delivering written notice thereof to Developer. Agency's due diligence efforts may include, without limitation, the following: 23..-40 , 1. assessment of the proposed financing and the capacity of Developer to qualify for financing for the Project; and 2. assessment of the capacity of Developer and its principal staff to effectively own and/or manage the Project, including the ability to carry out any ongoing management oversight responsibilities, B, Agency agrees to cooperate with Developer in providing equity partner(s) and/or lender(s) of Developer with appropriate and necessary information for the Developer to fulfill its obligations hereunder, which information is not otherwise privileged, C, The Agency shall also cooperate with Developer's professional consultants and associates in providing them with any information and assistance, so far as such information is not otherwise privileged, reasonably within the capacity, possession or control of the Agency in connection with the preparation of the Developer's submissions to the Agency, 5. DDA The Parties hereby acknowledge and agree that, during the Initial Negotiation Period and, if applicable, the Extended Negotiation Period, the Parties shall use their respective good faith efforts to negotiate and enter into a DDA which shall include (but not be limited to) the following: (i) the design of the Project by the Developer, which design shall be subject to the approval by the Agency and/or City, (ii) the construction of the Project by the Developer in accordance with final plans and specifications to be provided by the Developer and approved by the Agency and/or City, pursuant to a detailed schedule of performance by the Developer, (iii) the operation and management of the Project by the Developer in a good and professional manner and subject to the covenants required by law, (iv) the maintenance of landscaping, buildings, and improvements in good condition and satisfactory state of repair so as to be attractive to the community, (v) the operation of the Project by the Developer in compliance with all equal opportunity standards established by federal, state and local law, (vi) provision by each contractor and/or subcontractor (as the case may require and as appropriate) performing work on the Project of the requisite performance bond and labor and materials payment bond to assure completion of the Project freeof mechanics' liens, (vii) the Project shall be of the a quality consistent with plans and renderings provided by Developer and approved by the Agency, (vii) the terms and conditions upon which Deveioper shall acquire the Property and (viii) the terms and conditions upon which either party may terminate the DDA (e.g" the discovery of environmental issues/hazardous substances on the Site, unexpected development or construction costs, inability to acquire the Property), 6, ADDITIONAL TERMS AND OBLIGATIONS A Real Estate Commissions, .' Neither Agency nor Developer shall be liable for any real estate commission or brokerage fees which may arise herefrom except for a commission payable by Developer to Voit Commercial Brokerage pursuant to a separate written agreement. Agency and Developer represent that they have not engaged any other broker, agent or finder in connection with this transaction and each party agrees to indemnify hold the other party free and harmless from and defend the other against claims for commissions or fees made through such party and against any damage or expense the other party may incur by reason of the untruth as to the warranting party of the foregoing warranty, including expenses for attorney's fees and court costs, zL-41 " B, Each Party to Bear its Own Cost. Each party shall bear its own costs incurred in connection with the negotiation of a DDA, and the implementation of this Agreement, except as otherwise expressly provided herein or expressly agreed in writing, C, Confidentiality, Agency and Developer recognize that disclosures made by Developer pursuant to this Agreement may contain sensitive information and that the disclosure of such information to third parties could impose commercially unreasonable and/or uncompetitive burdens on Developer and, may correspondingly, diminish the value or fiscal benefit that may accrue to the Agency upon the redevelopment of the Property by the Developer, if a future DDA is entered into by the Parties, Developer acknowledges and agrees that Agency is a public entity with a responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public. Accordingly, any information provided by Developer to Agency with respect to the Property, the Project or Developer may be disclosed to the public either purposely, inadvertently, or as a result of a public demand or order. With respect to any information provided that Developer reasonably deems and identifies in writing as proprietary and confidential in nature, Agency agrees to exercise its best efforts to keep such information confidential. In addition, if Agency determines that it is required under applicable law to disclose any information identified by Developer as proprietary and confidential in nature, Agency shall notify Developer as least three business days before disclosure of such information which will provide Developer the opportunity to seek a protective order preventing such disclosure, D, Assignment 1, Agency would not have entered into this Agreement but for Developer's unique qualifications and experience, Therefore, Developer's rights and obligations under this Agreement may not be assigned without the prior written approval of Agency in its sole discretion, Notwithstanding the foregoing, subject to the prior written approval of the Executive Director, Developer may assign its rights hereunder to a new entity formed by the Developer for purposes of developing the Project Such new entity may include additional parties provided that the Developer retains responsibility for fulfilling its obligations hereunder and Developer retains management control and authority over the entity and the Project 2, Upon the assignment sale or transfer, whether voluntary or involuntary, of more than fifty percent (50%) of the membership, ownership, management or control of the Developer (other than such changes occasioned by the death or incapacity of any individual) that has not been approved by the Agency, prior to the time of s,uch change, the Agency may terminate this Agreement, without liability, by sending written notice 'of termination to Developer. 3, Developer acknowledges that the City Council and Redevelopment Agency are in the process of forming the Chula Vista Redevelopment Corporation ("CVRC"), All resolution and ordinances necessary to form the CVRC have been adopted and the CVRC is currently seeking incorporation status from the State, Upon the completion of that process and the formation of the CVRC, all rights, duties, and obligations of the Agency under or pursuant to this Agreement shall be automatically assigned to the CVRC, 25..-42 E, Nondiscrimination Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, disability, national origin or ancestry In undertaking its obligations under this Agreement 7. RETENTION OF DISCRETION A. By its execution of this Agreement, Agency is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by Agency or City, or any department thereof including, but not limited to, the approval and execution of a DDA; the proposal, amendment, or approval of any land use regulation goveming the Property; the provision of financial assistance for the development of any public or private interest in real property; the authorization or obligation to use the Agency's eminent domain authority; or, any other such activity, B, Developer understands and agrees that the Agency and City, in their respective legislative roles, reserve the right to exercise their discretion as to all matters which the Agency and City are by law entitled or required to exercise such discretion, including but not limited to, Entitlements for the development of the Property and adoption of any amendments to policy documents (including the General Plan and Redevelopment Plans), In addition, Developer understands and agrees that the Entitlements and any other documents shall be subject to and brought to the Agency or City, as appropriate, for consideration in accordance with applicable legal requirements, inciuding laws related to notice, public hearings, due process and the California Environmental Quality Act C, Developer acknowledges that any plans processed for the Property will be based upon the current General Plan and Zoning Code of the City. Additionally, Developer acknowledges that the City is processing a General Plan Update ("GPU") and Urban Core Specific Plan ("UCSP"), which include the Property. Developer further acknowledges and agrees that the City may consider a number of development alternatives for the Property for consideration by the City Council as part of City's GPU and UCSP process, Developer agrees and acknowledges that the processing and/or adoption of these plans by the City is not a consideration in its proceeding with this agreement or the proposed development project and Developer may need to request amendments to the existing General Plan or, if approved, the GPU or UCSP. The GPU and UCSP are legislative actions and this agreement does not limit or in any way interfere with the City Council's ability to exercise their discretionary authority as it relates to these or any other legislative actions, The exercise of the City's legislative discretion shall not form the basis of breach of this Agreement, express or implied, or any other claims against the City. .' D. This Agreement does not constitute a disposition of property or exercise of control over property by Agency and does not require a public hearing, Agency execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any proposed DDA and all proceedings and decisions in connection therewith, The parties understand that Agency has the complete and unfettered discretion to reject a DDA without explanation or cause, The risk of loss of all processing, design and developmental costs incurred by the Developer prior to DDA approval shall be absorbed entirely by Developer except unless expressly assumed, by the terms of this Agreement by the Agency, As to any matter which the Agency may be required to exercise its unfettered discretion in advancing the Project 1i--43 to completion, nothing herein shall obligate the Agency to exercise its discretion in any particuiar manner, and any exercise of discretion reserved hereunder or required by law, shall not be deemed to constitute a breach of Agency duties under this agreement 8, TERMiNATION RIGHTS Notwithstanding the Initial or Extended Negotiating Periods hereinabove set forth, either party may terminate this Agreement if the other party has materially defaulted in its obligations herein set forth, and the terminating party has provided defaulting party with written notification of such determination, and the defaulting party has refused to cure same. The written notification shall set forth the nature of the actions required to cure such default if curabie. Defaulting party shall have 15 days from the date of the written notification to cure such default If such default is not cured within the 15 days, the termination shall be deemed effective, Any failure or delay by a party in asserting any of its rights or remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default Each party shall also have the right to terminate this Agreement in the event that Agency or Deveioper determines that (a) the Project is infeasible or not in the public interest; or (b) the parties reach an impasse in their negotiation of the DDA which cannot be resolved after good faith efforts. 9, GENERAL PROVISIONS A. Address for Notice, Deveioper's Address for Notice: CityMark Development, LLC 701 B Street, Suite 1100 San Diego, California 92101 Attention: Mr. Richard V. Gustafson Telephone: (619) 231-1161 Fax: (619) 235-4691 And Hecht Solberg Robinson Goldberg & Bagiey LLP 600 W, Broadway, Eighth Floor San Diego, California 92101 Attention: Ms. Tricia L, Greenlee Telephone: (619) 239-3444 Fax: (619) 232-6828 " .' Agency's Address for Notice: Redevelopment Agency of the City of Chula Vista Community Development Department 276 Fourth Avenue Chula Vista, CA 91910 Attn: Director of Community Development Telephone: (619) 691-5047 21."44 Fax: Copy to: (619) 476-5310 City Attorney B. Authority, Each party represents that it has full right, power and authority to execute this Agreement and to perform its obligations hereunder, without the need for any further action under its governing instruments, and the parties executing this Agreement on the behalf of such party are duly authorized agents with authority to do so. C. Counterparts, This Agreement may be executed in multiple copies, each of which shall be deemed an original, but ali of which shall constitute one Agreement after each party has signed such a counterpart. D, Entire Agreement. This Agreement together with all exhibits attached hereto and other agreements expressly referred to herein, constitutes the entire Agreement between the parties with respect to the subject matter contained herein. All prior or contemporaneous agreements, understandings, representations, warranties and statements, oral or written, are superseded, E, Further Assurances. The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Agreement and the intentions of the parties. F. No Third Party Beneficiaries. There are no other parties to this Agreement, express or implied, direct or indirect. Agency and Developer acknowledge that it is not their intent to create any third party beneficiaries to this Agreement. G, Exclusive Remedies, 1. In the event of default by either party to this Agreement, the Parties shall have the remedies of specific performance, mandamus, injunction and other equitable remedies. Neither party shall have the remedy of monetary damages against the other; provided, however, that the award of costs of litigation and attorneys' fellS shall not constitute damages based upon breach of this Agreement where such an award is 'limited to the reasonable costs of litigation incurred by the Parties, 2. Each party acknowledges that it is aware of the meaning and legal effect of California Civil Code Section 1542, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him would have materially affected his settlement with debtor. ~5 California Civil Code Section 1542 notwithstanding, it is the intention of the Parties to be bound by the limitation on damages and remedies set forth in this Section 7G, and the Parties hereby release any and all claims against each other for monetary damages or other legal or equitable relief related to any breach of this Agreement, whether or not any such released claims were known to either of the Parties as of the date of this Agreement. The Parties each waive the benefits of California Civil Code Section 1542 and all other statutes and judicial decisions of similar effect with regard to the limitations on damages and remedies and waivers of any such damage and remedies contained in this Section 7G, H, Indemnity. Developer shall indemnify, protect, defend and hold harmless Agency, its elected officials, employees and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect its obligations hereunder or the Property, eXCluding any such losses arising from the sole negligence or sole willful misconduct of Agency or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement Notwithstanding the foregoing, in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation. L Time is of the Essence, Time is of the essence for each of Developer's obligations under this Agreement [NEXT PAGE IS SIGNATURE PAGE] .' 2'2..-4 6 Signature Page To Exclusive Negotiating Agreement IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date set forth above, thereby indicating the consent of their principals, REDEVELOPMENT AGENCY OF THE THE CITY OF CHULA VISTA CITYMARK DEVELOPMENT LLC California Limited Liability Company By: Steve Padilla Chair By: Xf?; RiCha~~ ------ President Date: Date: APPROVED AS TO FORM: By: Ann Moore Agency Attorney Date: ATTEST: " 0' By: Susan Bigelow City Clerk -tll.47 . o 0.025 0.05 0,1 0.15 0,2 Miles - - ~ Added Area Redev, Project Area 0 Landis South City Mark Development Town Centre I Redev, Project Area 2 48 EXHIBIT "B" Exclusive Negotiating Agreement Timeline Market Study Site Plans and Elevations Initial Pro Forma Forecast of regional and local real estate market conditions and anticipated performance of anticipated product types, Based on pre-design review with staff and public input received at Public Workshop #1, submit preliminary site plans and elevations, Concurrent with site plans and elevations, submit initial pro forma evaluations for the proposed development Project Development Schedule Site Adequacy Revised Site Plans and Elevations Revised Pro Forma Projected timeline and schedule for the construction of the proposed development Developer shall provide written determination of whether the subject Property is physically suitable for development taking into account regulatory and environmental conditions that are deemed relevant Revisions based on staff review and comments, and consistency with applicable General Plan land use policies, specific pians, design guidelines, and development standards, Revisions based on revised site plans and elevations, ""'1',.. Iw:':" . Finai Site Plans and Elevations Final Pro Forma Development Partners and Structure Funding Partners and Structure Final site plans and elevations" Revisions based on revised site plans and elevations, Identification of investment partners, Identification of lenders and proof o~}bility to obtain financing, Redevelopment Agency / City Council Presentation Presentation of development proposal and DDAlOPA to Agency and/or Council for final review and consideration, 2-49 RESOLUTION NO. RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CITYMARK DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND E STREET NORTHEAST SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ("Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development, reconstruction, and rehabilitation of residential, commercial, industrial, and retail uses; and WHEREAS. an Exclusive Negotiating Agreement ("ENA") is an important redevelopment tool to the Agency to establish a legal and contractual framework for negotiations and provide a defined timeline for completion of predevelopment activities with a developer about a potential redevelopment project; and WHEREAS, CityMark Development LLC ("Developer") is interested in developing a project at the northeast corner of Third Avenue and E Street ("Property"), located in the Agency's Merged Redevelopment Project Area: and WHEREAS, the Developer has submitted an unsolicited proposal for development of the site; WHEREAS, staff has determined that Developer is qualified to design and develop a high quality project at the proposed development site that is consistent with the goals of the Agency's adopted Redevelopment Plan for the Merged Redevelopment Project Area; and WHEREAS, Developer has acknowledged that the City is processing a General Plan Update and an Urban Core Specific Plan and that the processing and/or adoption of these plans is not a consideration in their proceeding with their development at this time; and WHEREAS. it is in the interest of the Agency and the Developer for the Agency to execute and enter into an ENA with Developer for the proposed development site based on Developer's qualifications; and WHEREAS. the ENA also retains Agency','sole discretion for future actions necessary to process any project and does not commit the Agency to the approval of or financial participation in the project; and WHEREAS, approval of the ENA is exempt from the California Environmental Quality Act ("CEQA") pursuant to Section 15061 (b) (3) of the State CEQA Guidelines; and NOW THEREFORE BE IT RESOLVED lhat the Redevelopment Agency of the City of Chula Vista does hereby approve the Exclusive Negotiating Agreement with CityMark Development 2-50 Page 2 RDA Resolution No. LLC for potential development of a real estate project located at the northeast corner of Third Avenue and E Street and authorizes the Chair to execute said Agreernent, PRESENTED BY APPROVED AS TO FORM BY Laurie Madigan Director of Cornrnunity Developrnent ~~4PA~ Agency Attorney . 2-51 EXCLUSIVE NEGOTIATING AGREEMENT This Exclusive Negotiating Agreement ("Agreement"), dated as of this 26th day of July, 2005 ("Effective Date"), is made by and between the City of Chula Vista Redevelopment Agency, a public body, corporate and politic ("Agency") and CityMark Development, LLC, a California limited liability company ("Developer"), with reference to the following facts: RECITALS In furtherance of the objectives of the California Community Redeveiopment Law, the Agency has undertaken a program for the redevelopment of certain areas within the City of Chula Vista ("City"), and in connection therewith is undertaking and carrying out activities for redevelopment In the Merged Redevelopment Project Area ("Project Area") pursuant to and in furtherance of the redevelopment plan for the Project Area ("Redevelopment Plan"), The subject matter of this Agreement concerns that certain real property iocated within the Project Area as depicted on Exhibit "A" hereto ("Property"), The Property encompasses approximately 52,906 square feet of territory iocated at 295 E Street, Chula Vista, California, on the northeast corner of the intersection of Third Avenue and E Street (Assessor Parcel Number 566-240-3000), The Developer is proposing to develop an urban mixed-use residential development ("Project") and desires to negotiate a Disposition and Development Agreement ("DDA") with the Agency, Agency has received an unsolicited proposal for the redevelopment of the Property from Deveioper, who is a qualified and interested developer, Therefore, the Agency desires to enter into this Agreement with the Developer with the objective of determining the feasibility of the proposed project and consideration of entering into a mutually acceptable DDA for the development of the Property consistent with the terms and conditions of this Agreement at the earliest practical date, The Developer anticipates that, following execution of this Agreement and through the period of negotiation and preparation of a DDA with respect to the Project, it will devote substantial time and effort in preparing plans, preparing project proformas, contacting financial institutions, engaging appropriate consultants, and meeting with the City and various other necessary third parties in connection with the proposed Project, and in negotiating and preparing a DDA consistent with the basic terms and mutual understandings established in this Agreement . . .' The Agency and the Developer ("Parties") desire to enter Into this Agreement in order to set forth the rights and duties of the Parties during the term of the Exclusive Negotiating Period subject to the Owner Participation rules and regulations established for the Project Area. Now, therefore, the Parties mutually agree as follows: 2152 1, Good Faith Negotiations A Agency and Developer agree (for the period stated below) to negotiate in good faith pursuant to the terms of this Agreement, a DDA or other form of agreement or agreements to be entered into between the Agency and Developer concerning the purchase and development of the Property by Developer, Agency agrees not to negotiate with any other person or entity regarding development of the Property without the consent of Developer. Nothing in this Agreement shall be deemed a covenant, promise or commitment by Agency, the City of Chula Vista, or any agency of the City, with respect to the acquisition of property or the approval of development or the proposed General Plan Update or Urban Core Specific Plan, Agency's acceptance of this Agreement is merely an agreement to enter into a periOd of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any actions required of it. B. Notwithstanding the foregoing, if the Property incorporates parcels not under Agency or Developer control, Developer acknowledges that Agency may receive from time to time, unsolicited alternative proposals for the development of the Property. Agency shall notify Developer within ten days after receiving an unsolicited development proposal for all or any portion of the Property. Agency and Developer shall confer in good faith to assess the benefits of the unsolicited proposal. 2, Negotiation Period A Agency and Developer agree to negotiate for an initial periOd of three hundred (300) days which shall commence on the Effective Date unless earlier terminated in accordance with the provisions hereof ("Initial Negotiation Period"), B. If, upon the expiration of such Initial Negotiation Period, the Parties have not each approved and executed a DDA, then the Executive Director, in his or her sole discretion, on behalf of the Agency, is authorized to in writing extend the term of this Agreement for up to an additional ninety (90) days ("Extended Negotiation Period") provided that at the end of the Initial Negotiation Period, neither the Agency nor the Developer has exercised its right to terminate as provided herein and the Developer is in full compliance with all terms and conditions hereof, the Developer concurs with such extension of the negotion period, and the Executive Director has determined that there is a reasonable likelihood that the Developer will agree to terms and conditions for the development of the Project on the Property that Agency staff will be able to recommend approval of the DDA to the Agency prior to the expiration of the Extended Negotiation Period, C, If, after expiration of the Initial Negotiation Period, or after the Extended Negotiation Period if this Agreement is extended,,Jhe Parties have not each approved and executed a DDA, then this Agreement shall automatically terminate and Developer shall have no further rights regarding the subject matter of this Agreement or the Property, and Agency shall be free to negotiate with any other persons or entities with regard to the Property, 3, Obligations of Developer A Schedule Agency and Developer agree and acknowledge that all submittals required by this Agreement shall be submitted pursuant to the timeline attached hereto as Exhibit "B," 22.'53 Exhibit "6" shall include, but is not limited to, submittals of Project plans, pro forma, marketing and feasibility studies, and evidence of financing that are required by the Agency, B, Development and Design Plans During the negotiation period, Deveioper shall submit development and design plans for the Project. Developer shall also furnish such information to Agency regarding the proposed project as may be required by Agency to perform an environmental review pursuant to the California Environmental Quality Act ("CEQA"). All fees and expenses for engineers, architects, financial consultants, legal, planning or other consultants retained by Developer to perforrn Developer's obligations set forth in this Agreement shall be the sole responsibility of Developer. C, Reports, Studies and Public Participation Developer shall make written reports to the Agency on the Developer's progress toward meeting its obligations under this Agreement as requested by the Agency, and if requested by the Agency, Developer shall make periodic oral progress reports on all matters and all studies being made related to the acquisition of the Property and development of the Project and other matters under negotiation to the extent that they do not include confidential matters, As Agency deems reasonably necessary or appropriate, presentations may be requested at public forums to solicit input from citizens, businesses, stakeholders and relevant interest groups, 0, Financing Developer shall, consistent with Exhibit "6," develop a program of financing that provides the Agency with reasonably satisfactory evidence that financing will be available for acquisition and development of the Property, E, Deposit Within ten (10) days after the Effective Date, Developer shall deposit with Agency Twenty-Five Thousand Dollars ($25,000) in immediately available funds ("ENA Deposit"), Agency shall have the right to utilize the deposit to conduct the Project analysis including but not limited to pay third party consultants, City staff time (at applicable full cost recovery rates), and other reasonable costs incurred by the Agency in conducting such analysis, Agency shall request additional deposits if the ENA Deposit Is exhausted and Agency determines further analysis is required, Agency may cease negotiations and all activities of third party consultants until such time as ENA Deposit is replenished as reasonably requested by Agency, Any deposit balance remaining upon the termination of the Agreement shall be returned to Developer or shall be applied to any deposit required by a subseq\.lent DDA. . 4, Agency Obligations and Due Diligence A. During the Negotiation Period, the Agency shall conduct a due diligence investigation of the Developer's ability to purchase, own and/or operate the Project in a responsible manner. If the Executive Director determines in his or her sole discretion that Developer does not have the ability to successfully purchase, own, and/or manage the Project in a responsible manner, the Executive Director may terminate this Agreement by delivering written notice thereof to Developer. Agency's due diligence efforts may include, without limitation, the following: -23-=54 1, assessment of the proposed financing and the capacity of Developer to qualify for financing for the Project; and 2. assessment of the capacity of Developer and its principal staff to effectively own and/or manage the Project, including the ability to carry out any ongoing management oversight responsibilities, B. Agency agrees to cooperate with Developer in providing equity partner(s) and/or lender(s) of Developer with appropriate and necessary information for the Deveioper to fulfill its obligations hereunder, which information is not otherwise privileged, C, The Agency shall also cooperate with Developer's professional consultants and associates in providing them with any information and assistance, so far as such information is not otherwise privileged, reasonably within the capacity, possession or control of the Agency in connection with the preparation of the Developer's submissions to the Agency. 5, DDA The Parties hereby acknowledge and agree that, during the Initial Negotiation Period and, if applicable, the Extended Negotiation Period, the Parties shall use their respective good faith efforts to negotiate and enter into a DDA which shall include (but not be limited to) the following: (i) the design of the Project by the Developer, which design shall be subject to the approval by the Agency and/or City, (ii) the construction of the Project by the Developer in accordance with final plans and specifications to be provided by the Developer and approved by the Agency and/or City, pursuant to a detailed schedule of performance by the Developer, (iii) the operation and management of the Project by the Developer in a good and professional manner and subject to the covenants required by law, (iv) the maintenance of landscaping, buildings, and improvements in good condition and satisfactory state of repair so as to be attractive to the community, (v) the operation of the Project by the Developer in compliance with all equal opportunity standards established by federal, state and local law, (vi) provision by each contractor and/or subcontractor (as the case may require and as appropriate) performing work on the Project of the requisite performance bond and iabor and materials payment bond to assure completion of the Project freeof mechanics' liens, (vii) the Project shall be of the a quality consistent with plans and renderings provided by Developer and approved by the Agency, (vii) the terms and conditions upon which Developer shall acquire the Property and (viii) the terms and conditions upon which either party may terminate the DDA (e.g., the discovery of environmental issues/hazardous substances on the Site, unexpected development or construction costs, inability to acquire the Property), 6, ADDITIONAL TERMS AND OBLIGATIONS A. Real Estate Commissions, .' " Neither Agency nor Developer shall be liable for any real estate commiSSion or brokerage fees which may arise herefrom except for a commission payable by Developer to Voit Commercial Brokerage pursuant to a separate written agreement Agency and Developer represent that they have not engaged any other broker, agent or finder in connection with this transaction and each party agrees to indemnify hold the other party free and harmless from and defend the other against claims for commissions or fees made through such party and against any damage or expense the other party may incur by reason of the untruth as to the warranting party of the foregoing warranty, including expenses for attorney's fees and court costs, 2"--5 5 B, Each Party to Bear its Own Cost Each party shall bear its own costs incurred in connection with the negotiation of a DDA, and the implementation of this Agreement, except as otherwise expressly provided herein or expressly agreed in writing, C, Confidentiality. Agency and Developer recognize that disclosures made by Developer pursuant to this Agreement may contain sensitive information and that the disclosure of such information to third parties could impose commercially unreasonable and/or uncompetitive burdens on Developer and, may correspondingly, diminish the vaiue or fiscal benefit that may accrue to the Agency upon the redevelopment of the Property by the Developer, if a future DDA is entered into by the Parties, Developer acknowledges and agrees that Agency is a public entity with a responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public. Accordingly, any information provided by Developer to Agency with respect to the Property, the Project or Developer may be disclosed to the public either purposely, inadvertently, or as a result of a public demand or order. With respect to any information provided that Developer reasonably deems and identifies in writing as proprietary and confidential in nature, Agency agrees to exercise its best efforts to keep such information confidential. In addition, if Agency determines that it is required under applicable law to disclose any information identified by Developer as proprietary and confidential in nature, Agency shall notify Developer as least three business days before disclosure of such information which will provide Developer the opportunity to seek a protective order preventing such disclosure, D, Assignment 1. Agency would not have entered into this Agreement but for Developer's unique qualifications and experience, Therefore, Developer's rights and obligations under this Agreement may not be assigned without the prior written approval of Agency in its sole discretion, Notwithstanding the foregoing, subject to the prior written approval of the Executive Director, Developer may assign its rights hereunder to a new entity formed by the Developer for purposes of developing the Project Such new entity may include additional parties provided that the Developer retains responsibility for fulfilling its obligations hereunder and Developer retains management control and authority over the entity and the Project 2, Upon the assignment sale or transfer, whether voluntary or involuntary, of more than fifty percent (50%) of the membership, ownership, management or controi of the Deveioper (other than such changes occasioned by the death or incapacity of any individual) that has not been approved by the Agency, prior to the time of s.uch change, the Agency may terminate this Agreement, without liability, by sending written notice of termination to Developer. 3, Developer acknowledges that the City Council and Redevelopment Agency are in the process of forming the Chula Vista Redevelopment Corporation ("CVRC"), All resolution and ordinances necessary to form the CVRC have been adopted and the CVRC is currently seeking incorporation status from the State. Upon the completion of that process and the formation of the CVRC, all rights, duties, and obligations of the Agency under or pursuant to this Agreement shall be automatically assigned to the CVRC, 2s..-56 . E, Nondiscrimination Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, disability, national origin or ancestry in undertaking its obligations under this Agreement. F. Owner Participation Requirements This Agreement and the obligations of the Parties set forth herein are subject to the applicable Owner Participation rules and regulations established for the Project Area and California Community Redevelopment Law, The Agency has used its best efforts to comply with all such Owner Participation rules and regulations with respect to the Property, 7. RETENTION OF DISCRETION A. By its execution of this Agreement, Agency is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by Agency or City, or any department thereof including, but not limited to, the approval and execution of a DDA; the proposai, amendment, or approval of any land use regulation governing the Property; the provision of financial assistance for the deveiopment of any public or private interest in real property; the authorization or obligation to use the Agency's eminent domain authority; or, any other such activity, B, Developer understands and agrees that the Agency and City, in their respective legislative roles, reserve the right to exercise their discretion as to all matters which the Agency and City are by law entitled or required to exercise such discretion, including but not limited to, Entitlements for the development of the Property and adoption of any amendments to policy documents (including the General Plan and Redevelopment Plans). In addition, Developer understands and agrees that the Entitlements and any other documents shall be subject to and brought to the Agency or City, as appropriate, for consideration in accordance with appiicable legal requirements, including laws related to notice, public hearings, due process and the California Environmental Quality Act. C. Developer acknowledges that any plans processed for the Property will be based upon the current General Plan and Zoning Code of the City, Additionally, Developer acknowledges that the City is processing a General Plan Update ("GPU") and Urban Core Specific Plan ("UCSP"), which include the Property. Developer further acknowledges and agrees that the City may consider a number of development alternatives for the Property for consideration by the City Council as part of City's GPU and UCSP process. Developer agrees and acknowledges that the processing and/or adoption of these plans by the City is not a consideration in its proceeding with this Agreement ot- the proposed development project and Developer may need to request amendments to the existing General Plan or, if approved, the GPU or UCSP. The GPU and UCSP are legislative actions and this agreement does not limit or in any way interfere with the City Council's ability to exercise their discretionary authority as it relates to these or any other legislative actions, The exercise of the City's legislative discretion shall not form the basis of breach of this Agreement, express or implied, or any other claims against the City, D, This Agreement does not constitute a disposition of property or exercise of control over property by Agency and does not require a public hearing. Agency execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations ~1i7 according to the terms hereof, reserving final discretion and approval by Agency as to any proposed DDA and ail proceedings and decisions in connection therewith. The parties understand that Agency has the complete and unfettered discretion to reject a DDA without explanation or cause. The risk of loss of ail processing, design and deveiopmental costs incurred by the Developer prior to DDA approval shall be absorbed entirely by Developer except unless expressly assumed, by the terms of this Agreement by the Agency, As to any matter which the Agency may be required to exercise its unfettered discretion in advancing the Project to completion, nothing herein shail obligate the Agency to exercise its discretion in any particular manner, and any exercise of discretion reserved hereunder or required by law, shail not be deemed to constitute a breach of Agency duties under this agreement 8. TERMINATION RIGHTS Notwithstanding the Initial or Extended Negotiating Periods hereinabove set forth, either party may terminate this Agreement if the other party has materiaily defaulted in its obligations herein set forth, and the terminating party has provided defaulting party with written notification of such determination, and the defaulting party has refused to cure same, The written notification shail set forth the nature of the actions required to cure such default if curable, Defaulting party shail have 15 days from the date of the written notification to cure such default If such default is not cured within the 15 days, the termination shail be deemed effective, Any failure or delay by a party in asserting any of its rights or remedies as to any default shail not operate as a waiver of any default or of any rights or remedies associated with a default Each party shail also have the right to terminate this Agreement in the event that Agency or Developer determines that (a) the Project is infeasible or not in the public interest; or (b) the parties reach an impasse in their negotiation of the DDA which cannot be resolved after good faith efforts, 9. GENERAL PROVISIONS A Address for Notice, Developer's Address for Notice: CityMark Development, LLC 701 B Street, Suite 1100 San Diego, California 92101 Attention: Mr. Richard V. Gustafson Telephone: (619) 231-1161 Fax: (619) 235-4691 And .' Hecht Solberg Robinson Goldberg & Bagley LLP 600 W, Broadway, Eighth Floor San Diego, California 92101 Attention: Ms. Tricia L. Greenlee Telephone: (619) 239-3444 Fax: (619) 232-6828 21:58 Agency's Address for Notice: Redevelopment Agency of the City of Chula Vista Community Development Department 276 Fourth Avenue Chula Vista, CA 91910 Attn: Director of Community Development Telephone: (619) 691-5047 Fax: (619) 476-5310 Copy to: City Attorney B, Authority, Each party represents that it has full right, power and authority to execute this Agreement and to perform its obligations hereunder, without the need for any further action under its governing instruments, and the parties executing this Agreement on the behalf of such party are duly authorized agents with authority to do so, C, Counterparts, This Agreement may be executed in multiple copies, each of which shall be deemed an original, but all of which shall constitute one Agreement after each party has signed such a counterpart, D. Entire Agreement. This Agreement together with all exhibits attached hereto and other agreements expressly referred to herein, constitutes the entire Agreement between the parties with respect to the subject matter contained herein, All prior or contemporaneous agreements, understandings, representations, warranties and statements, oral or written, are superseded. E, Further Assurances, The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Agreement and the intentions of the parties, F, No Third Party Beneficiaries. There are no other parties to this Agreement, express or implied, direct or indirect. Agency and Developer acknowledge that it Is Q9t their intent to create any third party beneficiaries to this Agreement. . G, Exclusive Remedies, 1, In the event of default by either party to this Agreement, the Parties shall have the remedies of specific performance, mandamus, injunction and other equitable remedies, Neither party shall have the remedy of monetary damages against the other; provided, however, that the award of costs of litigation and attorneys' fees shall not constitute damages based upon breach of this Agreement where such an award is limited to the reasonable costs of litigation incurred by the Parties, 28.."59 2, Each party acknowledges that it is aware of the meaning and legal effect of California Civil Code Section 1542, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him would have materially affected his settlement with debtor. California Civil Code Section 1542 notwithstanding, it is the intention of the Parties to be bound by the limitation on damages and remedies set forth in this Section 7G, and the Parties hereby release any and all claims against each other for monetary damages or other legal or equitable relief related to any breach of this Agreement, whether or not any such released claims were known to either of the Parties as of the date of this Agreement. The Parties each waive the benefits of California Civil Code Section 1542 and all other statutes and judicial decisions of similar effect with regard to the limitations on damages and remedies and waivers of any such damage and remedies contained in this Section 7G. H. Indemnity, Developer shall indemnify, protect, defend and hold harmless Agency, its elected officials, employees and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect its obligations hereunder or the Property, excluding any such losses arising from the sole negligence or sole willful misconduct of Agency or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation. L Time is of the Essence. Time is of the essence for each of Developer's obligations under this Agreement. [NEXT PAGE IS SIGNATURE PAGE] 22.1) 0 Signature Page To Exclusive Negotiating Agreement IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date set forth above, thereby indicating the consent of their principals, REDEVELOPMENT AGENCY OF THE THE CITY OF CHULA VISTA CITYMARK DEVELOPMENT LLC California Limited Liability Company Steve Padilla Chair By: ~ >q~~ Richard V, Gusta n President ------ By: Date: Date: APPROVED AS TO FORM: By: Ann Moore Agency Attorney Date: .' ATTEST: By: Susan Bigelow City Clerk -iJl.61 0 0.025--0.05 - ~ - .~ 0,1 0.15 0.2 Miles Added Area Redev, Project Area o 3rd A venue & E Street. Northeast Corner City Mark Developrnent Town Centre I Redev, Project Area 2-62 EXHISIT "S" Exclusive Negotiating Agreement Timeline Market Study Site Plans and Elevations Initial Pro Forma Forecast of regional and local real estate market conditions and anticipated performance of anticipated product types, Based on pre-design review with staff and public input received at Public Workshop #1, submit preliminary site plans and elevations, Concurrent with site plans and elevations, submit initial pro forma evaluations for the proposed development Project Development Schedule Site Adequacy Revised Site Plans and Elevations Revised Pro Forma Projected timeline and schedule for the construction of the proposed development Developer shall provide written determination of whether the subject Property is physically suitable for development taking into account regulatory and environmental conditions that are deemed relevant Revisions based on staff review and comments, and consistency with applicable General Plan land use policies, specific plans, design guidelines, and development standards, Revisions based on revised site plans and elevations, Finai Site Plans and Elevations Final Pro Forma Development Partners and Structure Funding Partners and Structure Final site plans and elevations, Revisions based on revised site plans and elevations, Identification of investment partners, Identification of lenders and proof o~ability to obtain financing, .. Redevelopment Agency / City Council Presentation Presentation of development proposal and DDNOPA to Agency and/or Council for final review and consideration, 2-63 RESOLUTION NO, RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND AVION DEVELOPMENT LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND E STREET SOUTHEAST SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ("Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development. reconstruction. and rehabilitation of residential, commercial, industrial, and retail uses; and WHEREAS, an Exclusive Negotiating Agreement ("ENA") is an important redevelopment tool to the Agency to establish a legal and contractual framework for negotiations and provide a defined timeline for completion of predevelopment activities with a developer about a potential redevelopment project; and WHEREAS, Avion Development LLC ("Developer") is interested in developing a project at the southeast corner of Third Avenue and E Street ("Property"), located in the Agency's Town Centre I Redevelopment Project Area; and WHEREAS, the Developer has submitted an unsolicited proposal for development of the site; WHEREAS, staff has determined that Developer is qualified to design and develop a high quality project at the proposed development site that is consistent with the goals of the Agency's adopted Redevelopment Plan for the Town Centre I Redevelopment Project Area; and WHEREAS, Developer has acknowledged that the City is processing a General Plan Update and an Urban Core Specific Plan and that the processing and/or adoption of these plans is not a consideration in their proceeding with their development at this time; and WHEREAS, it is in the interest of the Agency and the Developer for the Agency to execute and enter into an ENA with Developer for the proposed development site based on Developer's qualifications; and WHEREAS, the ENA also retains Agency',.sole discretion for future actions necessary to process any project and does not commit the Agency to the approval of or financial participation in the project; and WHEREAS, approval of the ENA is exempt from the California Environmental Quality Act ("CEQA") pursuant to Section 15061 (b) (3) of the state CEQA Guidelines; and NOW THEREFORE BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby approve the Exclusive Negotiating Agreement with Avion Development LLC 2-64 Page 2 RDA Resolution No. for potential development of a real estate project located at the southeast corner of Third Avenue and E street and authorizes the Chair to execute said Agreement, PRESENTED BY APPROVED AS TO FORM BY Laurie Madigan Director of Community Development ~#df An oore Agency Attorney " 2-65 EXCLUSIVE NEGOTIATING AGREEMENT This Exclusive Negotiating Agreement ("Agreement"), dated as of this 26th day of July 2005 ("Effective Date"), is made by and between the City of Chu1a Vista Redevelopment Agency, a public body, corporate and politic ("Agency") and Avion Developrnent, LLC, a California limited liability company ("Developer"), with reference to the following facts: RECITALS A. In furtherance of the objectives of the California Community Redevelopment Law, the Agency has undertaken a program for the redevelopment of certain areas within the City of Chu1a Vista ("City"), and in connection therewith is undertaking and carrying out activities for redevelopment in the Town Centre I Redevelopment Project Area ("Project Area") pursuant to and in furtherance of the redevelopment plan for the Project Area ("Redevelopment Plan"). B. The subject matter of this Agreement concerns that certain real property located within the Project Area as depicted on Exhibit "A" hereto ("Property"). The Property is located on the east side of Third Avenue and the south side of E Street, and is also known as 201 Third Avenue (APN 5680710100). C. The Developer is proposing to develop a mixed-use residential building, to be further defined in future schematic plans to be approved by the parties, ("Project") and desires to negotiate a Disposition and Development Agreement ("DDA") with the Agency. D, Agency has received an unsolicited proposal for the redevelopment of the Property from a qualified and interested developer, Therefore, the Agency desires to enter into this Agreement with the Developer with the objective of detennining the feasibility of the proposed project and consideration of entering into a mutually acceptable DDA for the development of the Property consistent with the terms and conditions of this Agreement at the earliest practical date, E. The Developer anticipates that, following execution of this Agreement and through the period of negotiation and preparation of a DDA with respect to the Project, it will devote substantial time and effort in preparing plans, preparing project proformas, contacting financial institutions, engaging appropriate consultants, and meeting with the City and various other necessary third parties in connection with the propo.sed Project, and in negotiating and preparing a DDA consistent with the basic terms and mutual understandings established in this Agreement. .' F. The Agency and the Developer ("Parties") desire to enter into this Agreement in order to set forth the rights and duties of the Parties during the term of the Exclusive Negotiating Period subject to the Owner Participation rules and regulations established for the Project Area. G. The recitals stated herein are an integral part of the Agreernent and shall be used ininterpreting the Agreement if the need arises. 310241.1 -1- 2-66 Now, therefore, the Parties mutually agree as follows: 1. Good Faith Negotiations A. Agency and Developer agree (for the period stated below) to negotiate in good faith pursuant to the terms of this Agreement a DDA or other form of agreement or agreements to be entered into between the Agency and Developer concerning the purchase and development of the Property. Agency agrees not to negotiate with any other person or entity regarding development of the Property without the consent of Developer. Nothing in this Agreement shall be deemed a covenant, promise or commitment by Agency, the City of Chula Vista, or any agency of the City, with respect to the acquisition of property or the approval of development or the proposed General Plan Update or Urban Core Specific Plan. Agency's acceptance of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any actions required of it B. Notwithstanding the foregoing, if the Property incorporates parcels not under Agency or Developer control, Developer acknowledges that Agency may receive from time to time, unsolicited alternative proposals for the development of the Property. Agency shall notify Developer within ten days after receiving an unsolicited development proposal for all or any portion of the Property. Agency and Developer shall confer in good faith to assess and benefits of the unsolicited proposal. 2. Negotiation Period A. Agency and Developer agree to negotiate for an initial 300 days, which shall commence on the Effective Date unless earlier terminated in accordance with the provisions hereof ("Initial Negotiation Period"). B. If, upon the expiration of such Initial Negotiation Period, the Parties have not each approved and executed a DDA, then the Executive Director, in his sole discretion, on behalf of the Agency, is authorized to, in writing, extend the term of this Agreement for up to an additional 90 days ("Extended Negotiation Period") provided that at the end of the Initial Negotiation Period, the Agency has not exercised its right to terminate as herein provided, the Developer is in full compliance with all terms and conditions hereof, the Developer concurs with such extension of the negotiation period, and the Executive Director has determined that there is a reasonable likelihood that the Developer will agree to terms and conditions for the development of the Project on the Property required for the deve10pmen~ of the Project that Agency staff will be able to recommend to Agency prior to the expiration of ~e Extended Negotiation Period. C. If, after expiration of the Initial Negotiation Period, or after the Extended Negotiation Period if this Agreement is extended, the Parties have not each approved and executed a DDA, then this Agreement shall automatically terminate and Developer shall have no further rights regarding the subject matter of this Agreement or the Property, and Agency shall be free to negotiate with any other persons or entities with regard to the Property, 310241.1 -2 - 2-67 3. Obligations of Developer A. Schedule Agency and Developer agree and acknowledge that all submittals required by this Agreement shall be submitted pursuant to the timeline attached hereto as Exhibit "B." Exhibit "B" shall include, but is not limited to, submittals of Project plans, pro forma, marketing and feasibility studies, and evidence of financing that are required by the Agency; and commence good faith negotiations with Agency designated prospective owner participants in the Project. B. Development and Design Plans During the negotiation period, Developer shall submit development and design plans, drawings, schedules, and concepts for the Project. Developer shall also furnish such information to Agency regarding the proposed project as may be required by Agency to perform an environmental review pursuant to the California Environmental Quality Act (CEQA). All fees and expenses for engineers, architects, financial consultants, legal, planning or other consultants retained by Developer to perform Developer's obligations set forth in this Agreement shall be the sole responsibility of Developer. The documents and plans submitted pursuant to this Agreement are the exclusive and proprietary property of Developer. C. Reports, Studies and Public Participation Developer shall make monthly written reports to the Agency on the Developer's progress toward meeting its obligations under this Agreement, and if requested by the Agency, Developer shall make periodic oral progress reports on all matters and all studies being made related to the acquisition and development of the Project and other matters under negotiation to the extent that they do not include confidential matters, As Agency deems reasonably necessary or appropriate, presentations may be requested at public forums to solicit input from citizens, businesses, stakeholders and relevant interest groups. D. Financing Developer shall, consistent with Exhibit "B," develop a program of financing that provides the Agency with reasonably satisfactory evidence that financing will be available for acquisition and development of the Property. E. Deposit Within ten (10) days after the Effective Date, Developer shall deposit with Agency Twenty-Five Thousand dollars ($25,000.00) in immediately available funds ("ENA Deposit"). Agency shall have the right to utilize the deposit to conduct the Project analysis including but not limited to pay third party consultants, City staff time (at applicable full cost recovery rates), and other reasonable costs incurred by the Agency in conducting such analysis. Agency shall request additional deposits if the ENA Deposit is exhausted and Agency determines further analysis is required. Agency may cease negotiations and all activities of third party consultants until such 310241.1 .3. 2-68 time as ENA Deposit is replenished as reasonably requested by Agency. Any deposit balance remaining upon the tennination of the Agreement shall be returned to Developer or shall be applied to any deposit required by a subsequent DDA. 4. Agency Obligations and Due Diligence A. During the Negotiation Period, the Agency shall conduct a due diligence investigation of the Developer's ability to purchase, own and/or operate the Project in a responsible manner. If the Agency Executive Director detennines in his sole discretion that Developer does not have the ability to successfully purchase, own, and/or manage the Project in a responsible manner, the Agency Executive Director may tenninate this Agreement by delivering written notice thereof to Developer. Written notice provided by the Agency shall identify the reason for tennination. Agency's due diligence efforts may include, without limitation, the following: 1. assessment of the proposed financing and the capacity of Developer to qualify for financing for the Project; and 2. assessment of the capacity of Developer and their principal staff to effectively own and/or manage the Project, including the ability to carry out any ongoing management oversight responsibilities B. Agency agrees to cooperate with Developer in providing equity partner(s) and/or 1ender(s) of Developer with appropriate and necessary information for the Developer to fulfill its obligations hereunder, which information is not otherwise privileged. C. The Agency shall also cooperate with Developer's professional consultants and associates in providing them with any information and assistance, so far as such information is not otherwise privileged, reasonably within the capacity of the Agency in connection with the preparation of the Developer's submissions to the Agency. 5. DDA The Parties hereby acknowledge and agree that, during the Negotiation Period of this Agreement the Parties shall use their respective good faith efforts to negotiate and enter into a DDA which shall include (but not be limited to) the following: (i) the design of the Project by the Developer, which design shall be subject to the approval by the Agency and/or City, (ii) the construction of the Project by the Developer in accordance with final plans and specifications to be provided by the Developer and approved by the Agency and/or City, pursuant to a detailed schedule of performance by the Developer, (iii) the operation and management of the Project by the Developer in a good and professional manner and subject to the covenants required by law, (iv) the maintenance of landscaping, buildings, and improvements in good condition and satisfactory state of repair so as to be attractive to the community, (v) the operation of the Project by the Developer in compliance with all equal opportunity standards established by federal, state and local law, (vi) provision by each contractor and/or subcontractor (as the case may require and as appropriate) perfonning work on the Project of the requisite performance bond and labor and materials payment bond to assure completion of the Project free of mechanics' liens, (vii) the Project shall be of the a quality consistent with plans and renderings provided by Developer and 310241.1 -4- 2-69 . approved by the Agency, (viii) the terms and conditions upon which Developer shall acquire the parce1(s), and (ix) the terms and conditions upon which either party may terminate the DDA (e.g., the discovery of environmental issueslhazardous substances on the Site, unexpected development or construction costs, inability to acquire parcels). 6. ADDITIONAL TERMS AND OBLIGATIONS A. No Competing Development. Developer shall not commence the construction of any parcels comprising the Property owned or controlled by the Developer until this Agreement has been properly terminated according to its terms or the Agency/City has approved the Project. B. Real Estate Commissions. Neither Agency nor Developer shall be liable for any real estate commission or brokerage fees which may arise here from. Agency and D~ve10per represent that they have engaged no broker, agent or finder separately in connection with this transaction and each party agrees to indemnify, hold harmless and defend the other against claims for commissions or fees made through such party. C. Each Party to Bear its Own Cost. Each party shall bear its own costs incurred in connection with the negotiation of a DDA, and the implementation of this Agreement, except as otherwise expressly provided herein or expressly agreed in writing. D, Confidentiality. Agency and Developer recognize that disclosures made by Developer pursuant to this Agreement may contain sensitive information and that the disclosure of such information to third parties could impose commercially unreasonable and/or uncompetitive burdens on Developer and, may correspondingly, diminish the value or fiscal benefit that may accrue to the Agency upon the redevelopment of the Property by the Developer, if a future DDA is entered into by the Parties. Developer acknowledges and agrees that Agency is a public entity with a responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public. Accordingly, any information provided by Developer to Agency with respect to the Property, the Project or Developer may be disclosed<to the public either purposely, inadvertently, or as a result of a public demand or order. WIth respect to any information provided that Developer reasonably deems and identifies in writing as proprietary and confidential in nature, Agency agrees to exercise its best efforts to keep such information confidential. In addition, if Agency determines that it is required under applicable law to disclose any information identified by Developer as proprietary and confidential in nature, Agency shall notify Developer at least three business days before disclosure of such information which will provide Developer the opportunity to seek a protective order preventing such disclosure, 310241.1 -5 - 2-70 E. Assignment 1. Agency would not have entered into this Agreement but for Developer's unique qualifications and experience, Therefore, Developer's rights and obligations under this Agreement may not be assigned without the prior written approval of Agency in its sole discretion. Notwithstanding the foregoing, subject to the prior written approval of the Executive Director, Developer may assign its rights hereunder to a new entity comprised of the Developer for purposes of developing the Project. Such new entity may include additional parties provided that the Developer retains responsibility for fulfilling its obligations hereunder and Developer retains management control and authority over the entity and the Project. 2. Upon the occurrence of any change, whether voluntary or involuntary, in membership, ownership, management or control of the Developer (other than such changes occasioned by the death or incapacity of any individual) that has not been approved by the Agency, prior to the time of such change, the Agency may terminate this Agreement, without liability, by sending written notice of termination to Developer. 3. Developer acknowledges that the City Council and Redevelopment Agency are in the process of forming the Chula Vista Redevelopment Corporation ("CVRC"). All resolution and ordinances necessary to form the CVRC have been adopted and the CVRC is currently seeking incorporation status from the State. Upon the completion of that process and the formation of the CVRC, all rights, duties, and obligations of the Agency under or pursuant to this Agreement shall be automatically assigned to the CVRC. F. Nondiscrimination Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, disability, national origin or ancestry in undertaking its obligations under this Agreement. G, Owner Participation Requirements This Agreement and the obligations of the Parties set forth herein are subject to the applicable Owner Participation rules and regulations established for the Project Area and California Community Redevelopment Law. 7. RETENTION OF DISCRETION . A. By its execution of this Agreement, i\gency is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by Agency or City, or any department thereof including, but not limited to, the approval and execution of a DDA; the proposal, amendment, or approval of any land use regulation governing the Property; the provision of financial assistance for the development of any public or private interest in real property; the authorization or obligation to use the Agency's eminent domain authority; or, any other such activity, 310241.1 - 6- 2-71 B. Consideration of Entitlements and Policy Documents. Developer understands and agrees that the Agency and City, in their respective legislative roles, reserve the right to exercise their discretion as to all matters which the Agency and City are by law entitled or required to exercise such discretion, including but not limited to, Entitlements for the development of the Property and adoption of any amendments to policy documents (including the General Plan and Redevelopment Plans). In addition, Developer understands and agrees that the Entitlements and any other documents shall be subject to and brought to the Agency or City, as appropriate, for consideration in accordance with applicable legal requirements, including laws related to notice, public hearings, due process and the California Environmental Quality Act. C. Developer acknowledges that any plans processed for the Property will be based upon the current General Plan and Zoning Code of the City. Additionally, Developer acknowledges that the City is processing a General Plan Update ("GPU") and Urban Core Specific Plan ("UCSP"), which include the Property. Developer further acknowledges and agrees that the City may consider a number of development alternatives for the Property for consideration by the City Council as part of City's GPU and UCSP process. Developer agrees and acknowledges that the processing and/or adoption of these plans by the City is not a consideration in its proceeding with this agreement or the proposed development project and Developer may need to request amendments to the existing General Plan or, if approved, the GPU or UCSP. The GPU and UCSP are legislative actions and this agreement does not limit or in any way interfere with the City Council's ability to exercise its discretionary authority as it relates to these or any other legislative actions. The exercise of the City's legislative discretion shall not form the basis of breach of this Agreement, express or implied, or any other claims against the City. D. Consideration by the Agency of the final Project as contained in the DDA. This Agreement does not constitute a disposition of property or exercise of control over property by Agency and does not require a public hearing. Agency execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any proposed DDA and all proceedings and decisions in connection therewith. The parties understand that Agency has the complete and unfettered discretion to reject a DDA without explanation or cause. The risk of loss of all processing, design and developmental costs incurred by the Developer prior to DDA approval shall be absorbed entirely by Developer except unless expressly assumed, by the terms of this Agreement by the Agency. As to any matter, which the Agency may be required to exercise its unfettered discretion in advancing the Project to completion, nothing herein shall obligate the Agency to exercise its discretion in any particular manner, and any exercise of discretion reserved hereunder or required by law, shall not be deemed to constitute a breach of Agency duties under this agreement. 8. TERMINATIONRIGHfS Notwithstanding the Initial or Extended Negotiating Periods hereinabove set forth, either party may terminate this Agreement if the other party has materially defaulted in its obligations herein set forth, and the terminating party has provided defaulting party with written notification 310241.1 -7 - 2-72 of such determination, and the defaulting party has refused to cure same, The written notification shall set forth the nature of the actions required to cure such default if curable. Defaulting party shall have 15 days from the date of the written notification to cure such default. If such default is not cured within the 15 days, the termination shall be deemed effective. Any failure or delay by a party in asserting any of its rights or remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default. Each party shall also have the right to terminate this Agreement in the event that Agency or Developer determines that (a) the Project is infeasible or not in the public interest; or (b) the parties reach an impasse in their negotiation of the DDA which cannot be resolved after good faith efforts. 9. GENERAL PROVISIONS A. Address for Notice. Developer's Address for Notice: A vion Development, LLC 600 West Broadway, Suite 200 San Diego, CA 92101 Attn: Doug Austin Telephone: (619) 243-2476 Facsimile: (619) 243-2212 With a Copy to: Kolodny & Pressman, APC 11975 E1 Camino Real, Suite 201 San Diego, CA 92130 Attention: Wesley W. Lee, Esq. Telephone: (858) 453-0309 Facsimile: (858) 453-9347 Agency's Address for Notice: Redevelopment Agency of the City of Chu1a Vista Community Development Departmen.t 276 Fourth Avenue . Chula Vista, CA 91910 .' Attn: Director of Community Development Telephone: (619) 691-5047 Fax: (619) 476-5310 Copy to: City Attorney 310241.1 - 8 - 2-73 B. Authority. Each party represents that it has full right, power and authority to execute this Agreement and to perform its obligations hereunder, without the need for any further action under its governing instruments, and the parties executing this Agreement on the behalf of such party are duly authorized agents with authority to do so. C. Counterparts. This Agreement may be executed in multiple copies, each of which shall be deemed an original, but all of which shall constitute one Agreement after each party has signed such a counterpart. D. Entire Agreement. This Agreement together with all exhibits attached hereto and other agreements expressly referred to herein, constitutes the entire Agreement between the parties with respect to the subject matter contained herein, All prior or contemporaneous agreements, understandings, representations, warranties and statements, oral or written, are superseded. E. Further Assurances, The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Agreement and the intentions of the parties. F. No Third Party Beneficiaries. There are no other parties to this Agreement, express or implied, direct or indirect. Agency and Developer acknowledge that it is not their intent to create any third party beneficiaries to this Agreement. G. Exclusive Remedies. 1. In the event of default by either party to this Agreement, the parties shall have the remedies of specific performance, mandamus, injunction and other equitable remedies. Neither party shall have the remedy of monetary damages against the other; provided, however, that the award of costs of litigation and attorneys' fees shall'not constitute damages based upon breach of this Agreement where such an award is limited to"reasonab1e costs of litigation incurred by the Parties, 2. Each party acknowledges that it is aware of the meaning and legal effect of California Civil Code Section 1542, which provides: 310241.1 -9 - 2-74 A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him would have materially affected his settlement with debtor. California Civil Code Section 1542 notwithstanding, it is the intention of the Parties to be bound by the limitation on damages and remedies set forth in this Section 70, and the Parties hereby release any and all claims against each other for monetary damages or other legal or equitable relief related to any breach of this Agreement, whether or not any such released claims were known to either of the Parties as of the date of this Agreement. The Parties each waive the benefits of California Civil Code Section 1542 and all other statutes and judicial decisions of similar effect with regard to the limitations on damages and remedies and waivers of any such damage and remedies contained in this Section 7G. H. Indemnity. Developer shall indemnify, protect, defend and hold harmless elected officials, employees and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect to its obligations hereunder or the Property, excluding any such losses arising from the sole negligence or sole willful misconduct of Agency or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation. 1. Time is of the Essence. Time is of the essence for each of Developer's obligations under this Agreement. [NEXT PAGE IS SIGNATURE PAGE] 310241.1 -10- 2-75 Signature Page To Exclusive Negotiating Agreement IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date set forth above, thereby indicating the consent of their principals. REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA A VION DEVELOPMENT LLC A California Limited Liabili y Co LOG (.\, Au4f1 ~( All few By: By: Steve Padilla Chair Date: Date: '1-I'1-CS APPROVED AS TO FORM: By: Ann Moore Agency Attorney Date: ATTEST: By: Susan Bigelow City Clerk .' 310241.1 2-76 o 0.r}25 0.05 0,1 0.15 0,2 Miles - f- Added Area Redev, Project Area o 3rd A venue & E Street - Southeast Corner Avion Development Town Centre I Redev, Project Area 2-77 EXHIBIT "B" Exclusive Negotiating Agreement Timeline Public Workshop #1 Market Study Site Plans and Elevations Initial Pro Forma Project Development Schedule Site Adequacy Revised Site Plans and Elevations Revised Pro Forma MPAC or TCPAC / Public Workshop #2 Final Site Plans and Elevations Final Pro Forma Development Partners and Structure Funding Partners and Structure CVRC Presentation Redevelopment Agency / City Council Presentation Agency shall cause a reputable title company to issue a Preliminary Title Report on the subject Property to the Developer. Pre-design workshop to gather input from the public and stakeholders on the design parameters and framework for the subject Property, Forecast of regional and local real estate market conditions and anticipated performance of anticipated product types, Based on pre-design review with staff and public input received at Public Workshop #1, submit preliminary site plans and elevations, Concurrent with site plans and elevations, submit initiai pro forma evaluations for the proposed development Projected timeline and schedule for the construction of the proposed development Developer shall provide written determination of whether the subject Property is physically suitable for development taking into account regulatory and environmental conditions that are deemed relevant Revisions based on staff review and comments, and consistency with applicable General Plan land use policies, specific plans, design guidelines, and development standards, Revisions based on revised site plans and elevations, If Project is located in the Added Area or Town Centre I Project Areas, public workshop with Project Area Committee to present proposed development proposals, Withi.n225 Days of ENAExecutiO.n Final site plans and elevations, Revisions based on revised site plans and elevations, Identification of investment partners, Identification of lenders and proof of ability to obtain financing, Withih255 Day$ofENAExecutibn Presentation of development proposal (e,g" site plans, elevations, market study, pro forma, CEQA, DDA summary report, etc,) and DDNOPA to CVRC for review and consideration, CVRC adopts advisory recommendations for Agency and/or Council consideration, Presentation of development proposal and DDNOPA to Agency and/or Council for final review and consideration, 2-78 RESOLUTION NO, RESOLUTION APPROVING AN EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND INTERGULF-MAR (PARK) LLC REGARDING THE REDEVELOPMENT OF THE THIRD AVENUE AND G STREET NORTHWEST SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ["Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development, reconstruction, and rehabilitation of residential. commercial. industrial. and retail uses; and WHEREAS, an Exclusive Negotiating Agreement ["ENA") is an important redevelopment tool to the Agency to establish a legal and contractual framework for negotiations and provide a defined timeline for completion of predevelopment activities with a developer about a potential redevelopment project; and WHEREAS, Intergulf-Mar [Park) LLC ("Developer") is interested in developing a project at the northwest comer of Third Avenue and G Street ["Property"). located in the Agency's Town Centre I Redevelopment Project Area; and WHEREAS, the Developer has submitted an unsolicited proposal for development of the site; WHEREAS, staff has determined that Developer is qualified to design and develop a high quality project at the proposed development site that is consistent with the goals of the Agency's adopted Redevelopment Plan for the Town Centre I Project Area; and WHEREAS, Developer has acknowledged that the City is processing a General Plan Update and an Urban Core Specific Plan and that the processing and/or adoption of these plans is not a consideration in their proceeding with their development at this time; and WHEREAS, it is in the interest of the Developer and Agency to execute and enter into an ENA with Developer for the proposed development site based on Developer's qualifications; and WHEREAS. the ENA also retains Agency sole discretion for future actions necessary to process any project and does not commit .Jhe Agency to the approval of or financial participation in the project; and WHEREAS, approval of the ENA is exempt from the Califomia Environmental Quality Act ("CEQA") pursuant to Section 15061 [b)(3) of the State CEQA Guidelines; and NOW THEREFORE BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby approve the Exclusive Negotiating Agreement with Intergulf-Mar (Park) LLC for potential development of a real estate project located at the northwest comer of Third Avenue and G Street and authorizes the Chair to execute said Agreement. 2-79 Page 2 RDA Resolution No. PRESENTED BY Laurie Madigan Director of Community Development 2-80 APPROVED AS TO FORM BY ~~e.t~~, ~ Ag Y Attorney " EXCLUSIVE NEGOTIATING AGREEMENT This Exclusive Negotiating Agreement ("Agreement"), dated as of this 26thday of July 2005 ("Effective Date"), is made by and between the City of Chu1a Vista Redevelopment Agency, a public body, corporate and politic ("Agency") and Intergulf-Mar (park) LLC, a California limited liability company ("Developer"), with reference to the following facts: RECITALS In furtherance of the objectives of the California Community Redevelopment Law, the Agency has undertaken a program for the redevelopment of certain areas within the City of Chula Vista ("City"), and in connection therewith is undertaking and carrying out activities for redevelopment in the Town Centre I Redevelopment Project Area (''Project Area") pursuant to and in furtherance of the redevelopment plan for the Project Area ("Redevelopment Plan"). The subject matter of this Agreement concerns that certain real property owned by Developer located within the Project Area as depicted on Exhibit "j(' hereto (''Property''), The Property is located on the west side of Third Avenue, the north side ofG Street and the south side of Park Way, which is commonly known as 380 Third Avenue (APN 5683004600),314 Park Way (APN 5683001500), and adjacent rights-of-way, The Developer is proposing to develop a mixed-use residential building ("Project") and is required pursuant to the Redevelopment Plan to enter into an Owner Participation Agreement ("OPA") with the Agency, The Developer is proposing to develop a mixed-use residential building with one and two bedroom residential units with retail space and underground parking, Agency has received an unsolicited proposal for the redevelopment of the Property from a qualified and interested developer. Therefore, the Agency desires to enter into this Agreement with the Developer with the objective of determining the feasibility of the proposed project and consideration of entering into a mutually acceptable OP A for the development of the Property consistent with the terms and conditions of this Agreement at the earliest practical date, The Developer anticipates that, following execution of this Agreement and through the period of negotiation and preparation of a OP A with respect to the Project, it will devote substantial time and effort in preparing plans, preparing project profonnas, contacting financial institutions, engaging appropriate consultants, and meeting with the City and various other necessary third parties in connection with the proposed Project, and in negotiating and preparing an OP A consistent with the basic terms and mutual understandings established in this Agreement. The Agency and the Developer ("Parties") desire to enter into this Agreement in order to set forth the rights and duties of the Parties during the tenn of the Exclusive - 1 - 2-81 . Negotiating Period subject to the Owner Participation rules and regulations established for the Project Area, Now, therefore, the Parties mutually agree as follows: 1, Good Faith Negotiations Agency and Developer agree (for the period stated below) to negotiate in good faith pursuant to the tenns of this Agreement an OP A or other form of agreement or agreements to be entered into between the Agency and Developer concerning the development of the Property. Agency agrees not to negotiate with any other person or entity regarding the purchase and/or development of the Property without the consent of Developer. Nothing in this Agreement shall be deemed a covenant, promise or commitment by Agency, the City of Chula Vista, or any agency of the City, with respect to the approval of development of the Property or the proposed General Plan Update or Urban Core Specific Plan. Agency's acceptance of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by Agency as to any actions required of it. 2, Negotiation Period A Agency and Developer agree to negotiate for an initial 300 calendar days, which shall commence on the Effective Date unless this Agreement is earlier terminated in accordance with the provisions hereof ("Initial Negotiation Period"). B, If, upon the expiration of such Initial Negotiation Period, the Parties have not each approved and executed an OP A, then the Executive Director, in his sole discretion, on behalf of the Agency, is authorized to extend, in writing, the term of this Agreement for up to an additional 90 days ("Extended Negotiation Period") provided that at the end of the Initial Negotiation Period, the Agency has not exercised its right to terminate as herein provided, the Developer is in full compliance with all terms and conditions hereof, the Developer concurs in writing with such extension of the negotiation period, and the Executive Director has determined that (i) there is a reasonable likelihood that the Parties will agree on the terms and conditions for the development of the Project on the Property and (ii) the Agency staff will be able to recommend to Agency approval of the OP A prior to the expiration of the Extended Negotiation Period, ," c. If, after expiration of the Initial'Negotiation Period, or after the Extended Negotiation Period if this Agreement is extended, the Parties have not each approved and executed an OP A, then this Agreement shall automatically terminate and Developer shall have no further rights regarding the subject matter of this Agreement as it relates to the Property, and Agency shall be free to negotiate with any other persons or entities with regard to the Property, - 2- 2-82 3, Obligations of Developer A Schedule Agency and Developer agree and acknowledge that all submittals required by this Agreement shall be submitted pursuant to the timeline attached hereto as Exhibit "B" ("Schedule of Performance"), The Schedule of Performance shall include, but is not limited to, submittals of Project plans, pro forma, marketing and feasibility studies, and evidence of financing as may be required by the Agency, B. Development and Design Plans During the negotiation period, Developer shall submit development and design plans for the Project substantially similar to the Developer's proposed project incorporated herein and made a part hereof by this reference (Exhibit C), Developer shall also furnish such information to Agency regarding the proposed Project as may be required by Agency to perform an environmental review pursuant to the California Environmental Quality Act ("CEQA"). All fees and expenses for engineers, architects, financial consultants, legal, planning or other consultants retained by Developer to perform Developer's obligations set forth in this Agreement shall be the sole responsibility of Developer. C. Reports, Studies and Public Participation Developer shall make monthly written reports to the Agency on the Developer's progress toward meeting its obligations under this Agreement, and if requested by the Agency, Developer shall make periodic oral progress reports on all matters and all studies being made related to the acquisition and development of the Project and other matters under negotiation to the extent that they do not include confidential matters. As Agency deems reasonably necessary or appropriate, Agency may request that Developer make presentations at public forums to solicit input from citizens, businesses, stakeholders and relevant interest groups, D, Financing Developer shall, within the time set forth on the Schedule of Performance, develop a program of financing that provides !he Agency with reasonably satisfactory evidence that financing will be available for the-development of the Property, .' E. Deposit Within ten (10) days after the Effective Date, Developer shall deposit with Agency $25,000.00 (Twenty -Five Thousand Dollars) in immediately available funds ("ENA Deposit"), The ENA Deposit shall be used exclusively by the Agency to conduct the Project analysis including but not limited to pay third party consultants, City staff time (at applicable full cost recovery rates), and other reasonable costs incurred by the -3- 2-83 Agency in conducting such analysis in connection with this Agreement, Agency shall request additional deposits if the ENA Deposit is exhausted and Agency determines further analysis is required. Agency may cease negotiations and all activities of third party consultants until such time as ENA Deposit is replenished as reasonably requested by Agency, Any ENA Deposit balance remaining upon the termination of the Agreement shall be returned to Developer or shall be applied to any deposit required by a subsequent OP A Upon request by the Developer, Agency shall provided a written accounting of all charges made against the ENA Deposit. 4, Agency Obligations and Due Diligence A During the Negotiation Period, the Agency shall conduct a due diligence investigation of the Developer's ability to own and/or operate the Project in a responsible manner. If the Agency Executive Director determines in his sole discretion that Developer does not have the ability to successfully purchase, own, and/or manage the Project in a responsible manner, the Agency Executive Director may terminate this Agreement by delivering written notice thereof to Developer, Agency's due diligence efforts may include, without limitation, the following: 1. assessment of the proposed financing and the capacity of Developer to qualify for financing for the Project; and 2. assessment of the capacity of Developer and their principal staff to effectively own and/or manage the Project, including the ability to carry out any ongoing management oversight responsibilities B. Agency agrees to cooperate with Developer in providing equity partner(s) and/or lender(s) of Developer with appropriate and necessary information for the Developer to fulfill its obligations hereunder, which information is not otherwise privileged, C. The Agency shall also cooperate with Developer's professional consultants and associates in providing them with any information and assistance, so far as such information is not otherwise privileged, reasonably within the capacity of the Agency in connection with the preparation of the Developer's submissions to the Agency, D. Agency shall also cooperate with Developer in working with the City to vacate that portion ofreal property adjacent to the Property which is included within the proposed Project and is necessary for the deveiopment of the Project ("City Property"), The City Property is more particularly described on Exhibit "D" attached hereto and incorporated herein by this reference. Such cooperation by Agency shall not in any way pre-commit the Agency or the City to any decision or course of action relative to the proposed development or vacation. -4- 2-84 5. OPA The Parties hereby acknowledge and agree that, during the Negotiation Period of this Agreement the Parties shall use their respective good faith efforts to negotiate and enter into an OP A which shall include (but not be limited to) the following: (i) the design of the Project by the Developer, which design shall be subject to the approval by the Agency and/or City, (ii) the construction of the Project by the Developer in accordance with final plans and specifications to be provided by the Developer and approved by the Agency and/or City, pursuant to a detailed schedule of performance by the Developer, (iii) the operation and management of the Project by the Developer in a good and professional manner and subject to the covenants required by law, (iv) the maintenance of landscaping, buildings, and improvements in good condition and satisfactory state of repair so as to be attractive to the community, (v) the operation of the Project by the Developer in compliance with all equal opportunity standards established by federal, state and local law, (vi) provision by each contractor and/or subcontractor (as the case may require and as appropriate) performing work on the Project of the requisite performance bond and labor and materials payment bond to assure completion of the Project free of mechanics' liens, (vii) the Project shall be of the a quality consistent with plans and renderings provided by Developer and approved by the Agency, (viii) the terms and conditions upon which either party may terminate the OPA (e.g., the discovery of environmental issueslhazardous substances on the Site, unexpected development or construction costs, or the feasibility of the Project). 6. Additional Terms and Obligations A. No Development. Developer shall not commence the construction of any parcels comprising the Property owned or controlled by the Developer until this Agreement has been properly terminated according to its terms or the Agency/City has approved the Project. B. Real Estate Commissions. Neither Agency nor Developer shall be liable for any real estate commission or brokerage fees which may arise here from. Agency and Developer represent that they have engaged no broker, agent or finder separately in connection with this transaction and each party agrees to indemnify, hold harmless and defend the other against claims for commissions or fees made through such party.,_.,. .. C. Each Party to Bear its Own Cost. Each party shall bear its own costs incurred in connection with the negotiation of an OPA, and the implementation of this Agreement, except as otherwise expressly provided herein or expressly agreed in writing. - 5- 2-85 D. Confidentiality. Agency and Developer recognize that disclosures made by Developer pursuant to this Agreement may contain sensitive information and that the disclosure of such information to third parties could impose commercially unreasonable and/or uncompetitive burdens on Developer and, may correspondingly, diminish the value or fiscal benefit that may accrue to the Agency upon the redevelopment of the Property by the Developer, if a future OPA is entered into by the Parties. Developer acknowledges and agrees that Agency is a public entity with a responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public. Accordingly, any information provided by Developer to Agency with respect to the Property, the Project or Developer may be disclosed to the public either purposely, inadvertently, or as a result ofa public demand or order. With respect to any information provided that Developer reasonably deems and identifies in writing as proprietary and confidential in nature, Agency agrees to exercise its best efforts to keep such information confidential. In addition, if Agency determines that is required under applicable law to disclose any information identified by Developer as proprietary and confidential in nature, Agency shall notify Developer as least three business days before disclosure of such information which will provide Developer the opportunity to seek a protective order preventing such disclosure. E. Assignment 1. Agency would not have entered into this Agreement but for Developer's unique qualifications and experience. Therefore, Developer's rights and obligations under this Agreement may not be assigned without the prior written approval of Agency in its sole discretion. Notwithstanding the foregoing, subject to the prior written approval of the Executive Director, Developer may assign its rights hereunder to a new entity comprised of the Developer for purposes of developing the Project. Such new entity may include additional parties provided that the Developer retains responsibility for fulfilling its obligations hereunder and Developer retains management control and authority over the entity and the Project. 2. Upon the occurrence of any change, whether voluntary or involuntary, in membership, ownership, management or control of the Developer (other than such changes occasioned by the death or incapacity of any individual) that has not been approved by the Agency, prior to the time of such change, the Agency may terminate this Agreement, without liability, by sending writtep'.notice of termination to Developer. " 3. Developer acknowledges that the City Council and Redevelopment Agency are in the process of forming the Chula Vista Redevelopment Corporation ("CVRC"). All resolution and ordinances necessary to form the CVRC have been adopted and the CVRC is currently seeking incorporation status from the State. Upon the completion of that process and the formation of the CVRC, all rights, duties, and obligations of the Agency under or pursuant to this Agreement shall be automatically assigned to the CVRC. -6- 2-86 F. Nondiscrimination Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, disability, national origin or ancestry in undertaking its obligations under this Agreement. G. Owner Participation Requirements This Agreement and the obligations of the Parties set forth herein are subject to the Owner Participation rules and regulations established for the Project Area and California Community Redevelopment Law. 7. Retention of Discretion A. By its execution of this Agreement, Agency is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by Agency or City, or any department thereof including, but not limited to, the approval and execution of an OP A; the proposal, amendment, or approval of any land use regulation governing the Property; the provision of financial assistance for the development of any public or private interest in real property; the authorization or obligation to use the Agency's eminent domain authority; or, any other such activity. B. Consideration of Entitlements and Policy Documents. Developer understands and agrees that the Agency and City, in their respective legislative roles, reserve the right to exercise their discretion as to all matters which the Agency and City are by law entitled or required to exercise such discretion, including but not limited to, entitlements for the development of the Property and adoption of any amendments to policy documents (including the General Plan and Redevelopment Plans). In addition, Developer understands and agrees that the entitlements and any other documents shall be subject to and brought to the Agency or City, as appropriate, for consideration in accordance with applicable legal requirements, including laws related to notice, public hearings, due process and the CEQA. C. Developer acknowledges that any plans processed for the Property will be based upon the current General Plan and Zoning Code of the City. Additionally, Developer acknowledges that the City is processing a General Plan Update ("GPU") and Urban Core Specific Plan ("UCSP"), which"include the Property. Developer further acknowledges and agrees that the City may consider a number of development alternatives for the Property for consideration by the City Council as part of City's GPU and UCSPprocess. Developer agrees and acknowledges that the processing and/or adoption of these plans by the City is not a consideration in its proceeding with this agreement or the proposed development project and Developer may need to request amendments to the existing General Plan or, if approved, the GPU or UCSP. The GPU and UCSP are legislative actions and this agreement does not limit or in any way interfere with the City Council's ability to exercise their discretionary authority as it -7- 2-87 relates to these or any other legislative actions. The exercise of the City's legislative discretion shall not form the basis of breach of this Agreement, express or implied, or any other claims against the City. D. Consideration by the Agency of the Final Project as contained in the OPA. This Agreement does not constitute a disposition of property or exercise of control over property by Agency and does not require a public hearing. Agency execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof: reserving final discretion and approval by Agency as to any proposed OP A and all proceedings and decisions in connection therewith. The parties understand that Agency has the complete and unfettered discretion to reject an OP A without explanation or cause. The risk of loss of all processing, design and developmental costs incurred by the Developer prior to OP A approval shall be absorbed entirely by Developer except unless expressly assumed, by the terms of this Agreement by the Agency. As to any matter, which the Agency may be required to exercise its unfettered discretion in advancing the Project to completion, nothing herein shall obligate the Agency to exercise its discretion in any particular manner, and any exercise of discretion reserved hereunder or required by law, shall not be deemed to constitute a breach of Agency duties under this agreement. 8. Termination Rights Notwithstanding the Initial or Extended Negotiating Periods hereinabove set forth, either party may terminate this Agreement if the other party has materially defaulted in its obligations herein set forth, and the terminating party has provided defaulting party with written notification of such determination, and the defaulting party has refused to cure same. The written notification shall set forth the nature of the actions required to cure such default if curable. Defaulting party shall have fifteen (15) days from the date of the written notification to cure such default. If such default is not cured within the fifteen (15) days, the termination shall be deemed effective. Any failure or delay by a party in asserting any of its rights or remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default. Each party shall also have the right to terminate this Agreement in the event that (a) Developer determines, in its sole discretion the Project is infeasible; (b) the Agency determines the project is not in the public interest; or (c) the Parties reach an impasse in their negotiation of the OPA which cannot be resolved after good faith efforts. " " - s- 2-88 9. General Provisions A. Address for Notice. Developer's Address for Notice: Intergulf-Mar (park) LLC 401 West "A" Street, Suite 120 San Diego, California 92109 Attention: Joe Werner Telephone No.: (619) 234-8736 Facsimile No.: (619) 234-8735 With a copy to: Luce, Forward, Hamilton & Scripps, LLP 600 West Broadway, Suite 2600 San Diego, CA 92101 Atten: Brian Fish, Esq. Telephone No.: (619) 699-2424 Facsimile No.: (619) 645-5395 Agency's Address for Notice: Redevelopment Agency of the City ofChula Vista Community Development Department 276 Fourth Avenue Chula Vista, CA 91910 Attn: Director of Community Development Telephone: (619) 691-5047 Fax: (619) 476-5310 Copy to: City Attorney B. Authority. Each party represents that it has full right, power and authority to execute this Agreement and to perform its obligations herej.lnder, without the need for any further action under its governing instruments, and the:parties executing this Agreement on the behalf of such party are duly authorized agents With authority to do so. C. Counterparts. This Agreement may be executed in multiple copies, each of which shall be deemed an original, but all of which shall constitute one Agreement after each party has signed such a counterpart. -9- 2-89 D. Entire Agreement. This Agreement together with all exhibits attached hereto and other agreements expressly referred to herein, constitutes the entire Agreement between the parties with respect to the subject matter contained herein. Ail prior or contemporaneous agreements, understandings, representations, warranties and statements, oral or written, are superseded. E. Further Assurances. The parties agree to perform such further acts and to execute and deliver such additional documents and instruments as may be reasonably required in order to carry out the provisions of this Agreement and the intentions of the parties. F. No Third Party Beneficiaries. There are no other parties to this Agreement, express or implied, direct or indirect. Agency and Developer acknowledge that it is not their intent to create any third party beneficiaries to this Agreement. G. Exclusive Remedies. 1. In the event of default by either party to this Agreement, the parties shall have the remedies of specific performance, mandamus, injunction and other equitable remedies. Neither party shall have the remedy of monetary damages against the other; provided, however, that the award of costs of litigation and attorneys' fees shall not constitute damages based upon breach of this Agreement where such an award is limited to (i) the costs of litigation incurred by City, and (ii) the "fee" equivalent of City's costs for the services attributable to litigation and representation by the City Attorney, including assistants and staff. 2. Each party acknowledges that it is aware of the meaning and legal effect of California Civil Code Section 1542, which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him would have materially affected his settlement wjth debtor. California Civil Code Section 1542 notwithstanding, it is the intention of the Parties to be bound by the limitation on damages and remedies set forth in this Section 7G, and the Parties hereby release any and all claims against each other for monetary damages or other legal or equitable relief related to any breach of this Agreement, whether or not any such released claims were known to either of the Parties as of the date of this Agreement. The Parties each waive the benefits of California Civil Code Section 1542 and all other statutes and judicial decisions of similar effect with regard to the - 10- 2-90 limitations on damages and remedies and waivers of any such damage and remedies contained in this Section 7G. H. Indemnity. Developer shall indemnify, protect, defend and hold harmless Agency, its elected officials, employees and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect its obligations hereunder or the Property, excluding any such losses arising from the sole negligence or sole willful misconduct of Agency or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation. I. Time is of the Essence. Time is of the essence for each of Developer's obligations under this Agreement. J. Recitals The recitals set forth above are incorporated herein by this reference. [NEXT PAGE IS SIGNATURE PAGE] .. - 11 - 2-91 Signature Page To Exclusive Negotiating Agreement IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date set forth above, thereby indicating the consent of their principals. By: By: REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA Date: INSER AME 5l:l~J.Wa.'ER INSER TITHMro~E~I~FFICER Date: 4~(0)S- Steve Padilla Chair APPROVED AS TO FORM: By: Ann Moore Agency Attorney Date: ATTEST: By: Susan Bigelow City Clerk " .. - 12- 2-92 , 0.025 0.05 0.1 0.15 0.2 Miles III Added Area Redev. Project Area o 3rd A venue & G Street - Northwest Corner Intergult-Mar (Park) LLC Town Centre I Redev. Project Area 2-93 EXHIBIT "B" Exclusive Negotiating Agreement Timeline Public Werkshop #1 Market Study Site Plans and Elevations Initial Pre Ferma Preject Develepment Sched u Ie Site Adeq uacy Revised Site Plans and Elevations Revised Pro Forma AAPAC or TCPAC / Public Werkshop #2 Final Site Pians and Elevatiens Final Pro Ferma Development Partners and Structure Funding Partners and Structure CVRC Presentatien Pre-design werkshep to gather input frem the public and stakehelders on the design parameters and framework fer the subject Property. Ferecast .of regienal and lecal real estate market conditiens and anticipated perfermance of anticipated product types. Based en pre-design review with staff and public input received at Public Workshop #1, submit preliminary site plans and elevatiens. Cencurrent with site plans and elevations, submit initial pro ferma evaluatiens for the proposed development. Projected timeline and schedule fer the censtructien .of the propesed development. Develeper shall provide written determinatien .of whether the subject Property is physically suitable fer develepment taking inte account regulatery and envirenmental conditiens that are deemed relevant. Revisiens based en staff review and cemments, and censlstency with applicable General Plan land use pelicies, specific plans, design guidelines, and develepment standards. Revislens based en revised site plans and elevatiens. If Preject is lecated in the Added Area or Tewn Centre I Preject Areas, public werkshep with Project Area Committee te present propesed develepment proposals. Within 22S.Days Of EN A.. Execution Final site plans and elevations. Revisiens based en revised site plans and elevations. Identification of investment partners. Identification .of lenders and proof of ability to .obtain financing. Within2SS .DaysofENAExecution Presentatien of develepment preposal (e.g., site plans, elevatiens, market study, pro ferma, CEQA, DDA summary repert, etc.) and DDAJOPA to CVRC for review and censideratien. CVRC adopts advisery recemmendations for Agency and/or Council consideration. Redevelopment Agency / City Council Presentation Presentation of development preposal and DDAJOPA to Agency and/or Council for final review and consideration. 2-94 Il!I UU~(UU~ cHi :li:J4 l::I (;:j~ lNloN~UL' 14:::J~~^X I\;;} EXHIBIT "e" o (/ll/llJQ~ J Bw @ I I -f .... 0.t. @n ~I.. .~ or -f o 10 :0 't -a I ~@cP ~ VI N ~ eO! .., '" - ~ en ;: ~ 121l.511 -, ... iii 'fj" 'g'" ~I 00) . . : -:"D z . . . -.' 11: ;;z 00 . . - "'a-.. I ...,. ~ 0~~8! ...... ~ -'" I ~ .~. 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