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HomeMy WebLinkAboutReso 1980-10461 0.< .. ';J /3 RESOLUTION NO. 10461 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING MAP OF CHULA VISTA TRACT 80-4, TWIN OAKS CONDOMINIUMS, AND APPROVING AGREEMENT FOR THE COMPLETION OF IMPROVEMENTS REQUIRED BY SAID SUB- DIVISION AND AUTHORIZING THE MAYOR TO EXECUTE SAME The City Council of the City of Chula Vista does hereby' ", resolve as follows: NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista hereby finds that that certain map survey entitled CHULA VISTA TRACT 80-4, TWIN OAKS CONDOMINIUMS, and more particularly described as follows: Being a sUbdivision of Parcel 1 of Parcel Map Number 1803, in the City of Chula Vista, County of San Diego, State of California, filed in the County Recorder's Office of San Diego County August 6, 1973 No. of Lots: 1 Area: 0.85 acres is made in the manner and form prescribed by law and conforms to the surrounding surveys; and that said map and subdivision of land shown thereon is hereby approved and accepted. BE IT FURTHER RESOLVED that the City Clerk of the City of Chula Vista be, and she is hereby authorized and directed to endorse upon said map the action of said Council; and that said Council has approved said subdivision map. BE IT FURTHER RESOLVED that the City Clerk be, and she is hereby directed to transmit said map to the Clerk of the Board of Supervisors of the County of San Diego. BE IT FURTHER RESOLVED that that certain improvement agreement dated the 6th day of May, 1981, for the completion of improvements in said SUbdivision, a copy of which is attached hereto and by reference made a part hereof, the same as though fully set forth herein be, and the same is hereby approved. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista be, and he is hereby authorized and directed to execute said agreement for and on behalf of the City of Chula Vista. Presented by r ~ ~ ,. ./~ ~~ George D. Lindberg, City Attorney John P. Lippitt, City Engineer ,i5'.-z.;",~~--'.- ". _~_ .~......",.___ _ _ ADOPTED AND APPROVED BY 'l'llE CITY COUNCIL OF TI-IE CITY OF :HULA VISTA, CALIFORNIA, this 19th day of May 19 81 , by the following vote, to-wit: \YES: Councilmen Scott, Gillow, Hyde, Cox, McCand1iss 'lAYES: Councilmen None I'.J3STAIN: Councilmen None o.B8ENT: Councilmen None CU&.Q "(~ Mayor of the City of Chula Vista T'l'EST City Clerk TATE OF CALIFORNIA OUNTY OF SAN DIEGO ITY OF CHULA VISTA ) ) ) 55. r, EuzabeJ:h W. Con:tA.-, DEPUTY CITY CLERK of the City of Chula Vista, alifornia, DO HEREBY CERTIFY that the above and foregoing is a full, true nd correct copy of RESOLUTION NO. 10461 and hat the same has .not been amended or repealed. ATED Deputy City Clerk (SEAL) . 660 (a) ID<-l~ f IJ SUBDIVISION-CONDOMINIUM IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this 6th day of May , 1981, by and between THE CITY OF CHUrA VISTA, a municipal corporation, hereinafter called "City" and TWIN OAKS REALTY INVESTORS, LTD., 2254 Moore Street, Suite 103, San Diego, California 92110, hereinafter called "Subdivider"; WIT N E SSE T H : \~EREAS, Subdivider is about to present to the City Council of the City of Chula Vista for approval and recordation, a final subdivision map of a proposed subdivision and condominium conversion, to be known as CHUrA VISTA TRACT 80-4, TWIN OAKS CONDOMINIUMS, pursuant to the provisions of the Subdivision Map Act of the State of California, and in compliance with the provisions of Title 18 of the Chula Vista Municipal Code relating to the filing, approval and recordation of subdivision maps and Chapter 15.56 of the Chula Vista Municipal Code, and WHEREAS, the Code provides that before said map is finally approved by the Council of the City of Chula Vista, Subdivider must have either installed and completed all of the public improvements and/or land development work required by the Code to be installed in subdivisions before final maps of subdivisions are approved by the Council for purpose of recording in the Office of the County Recorder of San Diego County, or, as an alternative thereof, Subdivider shall enter into an agreement with City, secured by an approved improvement security to insure the performance of said work pursuant to the requirements of Title 18 of the Chula Vista Municipal Code, agreeing to install and complete, free of liens at Subdivider's own expense, all of the public improvements and/or land development work required in said subdivision within a definite period of time prescribed by said Council and further Subdivider shall have accomplished, or by agreement with appropriate securities deposited with the City, a guarantee of all those improvements in accordance with Chapter 15.56 of the Code, and \~EREAS, Subdivider is willing, in consideration of the approval and recordation of said map by the Council to enter into this agreement wherein it is provided that Subdivider will install and complete, at Subdivider's own expense, all the public improve- ment work required by City in connection with the proposed subdivision and those improvements required by Chapter 15.56 of the Chula Vista Municipal Code as set forth herein and, further, will deliver to City necessary sureties as approved by the City Attorney to guarantee the accomplishment of said improvements, and WHEREAS, a tentative map of said subdivision has fore been approved, subject to certain requirements and conditions, as contained in Resolution INo. 9850,. approved 20th day of November, 1979, and hereto- on the WHEREAS, complete plans and specifications for the con- s.truction, installation and completion of any required public improvement work have been pr.epared, subrni tted to and approved by the City Engineer as shown on Drawings Nos. (Not Applicable) and on file in the office of the City Engineer, and WHEREAS, the requirements as set forth in Chapter 15.56 of the Chula Vista Municipal Code and the estimated cost of said improvements are as follows: If- N) tf~ I -1- A. Building improvements (interior and exterior) for the 10 existing units per approved Twin Oaks Condomi nium building plans. B. The estimated cost of improvements is $8,500.00. FOLLOWS: NOW, THEREFORE, IT IS MUTUALLY UNDERSTOOD AND AGREED AS 1. Subdivider agrees to comply with all of the require- ments of the tentative map resolution; to do and perform or cause to be done and perfomed, at its own expense, without cost to City, in a good and workmanlike manner, and under the direction and to the satisfaction and approval of the Director of Building and Housing and the City Engineer of the City of Chula Vista, those building improvements, landscaping and irrigation work as required pursuant to Chapter 15.56 of the Chula Vista Municipal Code. 2. Subdivider shall provide to the City the following suret~es in a form acceptable to the City Attorney and attached hereto as Exhibit "A: A. Amount of surety for interior and exterior building improvements, and storage construction is $8,500.00. 3. It is expressly understood and agreed that Subdivider will have started all of the required work no later than 120 days from recordation of final map and shall have completed all of said work 180 days from recordation of final map. 4. It is expressly understood and agreed that Subdivider will notify all purchasers of units within the proposed condo- minium of the comrni trnents contained herein and that said improvements as required herein should be accomplished prior to occupany of any unit. 5. Failure to complete all work as required herein within 180 days from recordation of the final map gives City complete authority to utilize any and all of the amount of the sureties posted to accomplish said purposes. Upon certification of completion by the City Engineer and the Director of Building and Housing, and after certification by the Director of Finance that all costs thereof have been fully paid, the whole amount, or any part thereof not required for payment thereof, may be released to Subdivider or its succesors in interest pursuant to the tems of the improvement surety. 6. It is also expressly agreed and understood by the parties hereto that in no case will the City of Chula Vista, or any department, board or officer thereof, be liable for any portion of the costs and expenses of the work aforesaid, nor shall any officer, his sureties or bondsmen, be liable for the payment of any sum or sums for said work or any materials furnished therefor, except to the limits established by the approved improvement surety in accordance with the requirements of the" State Subdivision Map Act and the provision of Title 18 of the Chula Vista Municipal Code and Chapter 15.56 of the Chula Vista Municipal Code. 7. or employee or property It is understood and agreed that City, or any officer thereof, shall not be liable for any injury to person occasioned by reason of the acts or omissions of -2- L o<l~. f Subdivider, its agents or employees, in the performance of this agreement. Subdivider further agrees to protect and hold harmless City, its officers and employees, from any and all claims, demands, causes of action, liability or loss of any sort, because of or arising out of acts or omissions of Subdivider, its agents or employees, in the performance of this agreement: provided, however, that the approved improvement security shall not be required to cover the provisions of this paragraph. Said indem- nification and agreement to hold harmless shall extend to damages or taking of property resulting from the construction of said subdivision and the public improvements as provided herein, to adjacent property owners as a consequence of the diversion of waters in the construction and maintenance of drainage systems and shall not constitute the assumption by City of any responsibility for such damage or taking, nor shall City, by said approval, be an insurer or surety for the construction of the subdivision pursuant to said approved improvement plans. 8. In the event that suit is brought upon this contract by City to enforce the terms hereof, City shall be entitled to a reasonable sum as attorney's fees. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed the day and year first hereinabove set forth. THE CITY OF CHULA VISTA SUBDIVIDER: TWIN OAKS REALTY INVESTORS, LTD. k)~~ Mayor o&t Cit.y of bJhla Vista P' ' ATTEST/:-h.4~//J &u:::- I5'epuV City Clerk rf5" rh /lv\ J ~e /iJ:::-- Approved as to form by ---.~ City Attorney -3- o..;'I',\TF OF ( U.lF(JI{NIA ,,' DIEGO COUNTY OF ___~AN ." ( In ~Y.--2.,~19JlJ } " m SAFECO bef,Jre 1)1,;. the 11lldersil!t1ed, a Notary pllldie, ill and for ,aid LOUlIly p,:rsnnally apl,,:an;d_ FOR NOTARY SEAL OR STAMP and Slate. B~M~RICHMOND known to lllC .,. '" '. 0 F Fie I .. L 5 E A L ~,7"-"< , PILAR M. HERIOT :..e '.; NOTAR1PlJ611C-CAtlfOitNlA . ~7'- . .,'SAN DIEGO COUNTY ;.. '. ". .~" My Commission-ExpIres Oct. 5. IS!3 to [It;__one tlwl ,>xCl'ulcd the within sllch partnership exeelltcd the same. of the I'ann('r.~ of lh,: !':lJln<;I'~hil' instnllllellt, and <j(:kll(lwl,~dJ.!,:d to l11': thaI S' -<9. 9:(.. Al.A . II!;t1ature ~ ... PILAR M. HERIOT \ \1-.0 A1,.!o.'v Intl?)/ -," ._. CALIFORNiA COMMERCE BANK EXHIBIT A 230 A Street San Diego, CA 92101 Telephone (714) 234-8821 May 4,1981 RE: Loan No. Set-Aside Letter for TWin Oaks Realty Investors,Ltd. Chula Vista Tract City of Chula Vista Office of the City Attorney 276-4th Avenue Chula Vista, California 92101 Attention: Mr. Thanas J. Harron Gentleren: We understand that the City of Chula Vista, California ( the "City") will require a set-aside of funds in the amount of $8,500.00 on behalf of TWin Oaks Realty Investors,Ltd. ("Borrower"), in favor of the City covering the estimated cost of refurbishing 10 existing apartment units and the adjacent construction of ten storage lockers,at the comer of TWin Oaks Avenue and "E" Street in Chula Vista. This letter will confim that, upon recordation of the above referenced final subdivision rrap approved by the City in full ccrnpliance with all requirements of the California subdivision Map Act and applicable ordinances of the City, and upon satisfaction of our loan requirements and recordation of a construction loan in favor of Bo=ower, we will set aside from the loan funds the sum of $8,500.00, to cover such estimated cost of such improvements. In consideration of execution of our Building Loan Agreement and other loan d=uments by Bo=ower, California Ccmnerce Bank agrees that the funds to be set aside are for the use and benefit of the City in connection with its interest in the satisfactory ccrnpletion of said improvements and that said funds will be disbursed directly to Bo=ower upon the ccrnpletion of said improvements and thier approval by the City. Bank also agrees to provide City with confirrration of the date of recordation of the construction loan prior to consenting to initiation of any v.'Ork covered by said loan. /oL/bf - City of Chula Vista Page 2 In the event that Borrower fails to canplete and pay for said improvements as required by the City, all funds in said set-aside account, shall be inrnediately nade available to the City by Bank to be used solely for the purpose of canpleting said improvements. Each disbursement of funds from the set-aside account whether to Borrower or to the City after default by Borrower, shall be treated as an advance on the loan to Borrower and will bear interest, payable to Bo=ower frcrn the date of advance in accordance with the terms of the loan. Bank agrees to set-aside anount for the benefit of the City and agrees to disburse said arrount only in accordance with the terms of this Agreement, it being agreed between the parties that said funds shall be held for the account and use of the City, and disbursed by Bank, and the Borrower shall have no claim or right to such funds once set-aside except that, upon =mpletion of all said public improvements and acceptance thereof by the City and upon the termination of any applicable period for the recording of mechanic's lien or stop notice claims, any balance held in said ac=unt shall be disbursed in accordance with the terms of the loan. This agreement is an i=ev=able ccmnibTIent of funds which is not subject to recall or modification except with written approval of the City. This crnmitment will becorre effective upon recordation of the above mentioned final subdivision nap and construction loan. California Comnerce Bank I s obligation to disburse funds under this agreement is subject to laws affecting California Corrmerce Bank I s ability to disburse funds, such as but not limited to bankruptcy laws or =urt orders. Very truly yours, CALIFORNIA CCM'1ERCE BANKo ~~ TimotJi Porter Vice President/Deputy Regional Manager I WE HEREBY CXlNCUR IN THE FOREGOING AGREEMENT AND AGREE 'IO BE roUND BY EACH AND EVERY TERM THEREOF. 'lWIN OAKS REALTY INVES'IORS,LTD. BY: A 7n~~ .J TGP: gp B:zti7;; l(Jqr; / - -t 4J ~ ~ .... Cr) ~ ~ C) <: ...... ~ ....... '" ~ '" :r: '" -' . <(. .... '" l ,.... , c " ". liE II STREET~ rt 121.29' 1-- N 71022'OO"E--i II ~lf 0) ~ I " 0 N71 2Z'10"E I I I ff 10,08' I if(~ - ?/\?>- L : 'N\~_L ,I " ? I I /l\-:) I I '2 111\ Y ~.0 \""1>1 I-+-- I I I ,~ 0) "- .'" . "- "I'" 0) . -I'" I ;; 12' UTlLlTy1r- EASEMENT I I II I II I 1\1 I I I :t' "I'.. '" I." , '" " '" 0) . 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