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HomeMy WebLinkAboutOrdinance 2157 N.C.S. 08/04/2003SEP _ 4 2003 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Introduced by: Council Member Healy ORDINANCE NO. 2157 N.C.S. Seconded by: Council Member Torliatt ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PETALUMA APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PETALUMA AND BASIN STREET PROPERTIES BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PETALUMA AS FOLLOWS: WHEREAS, after due notice the Petaluma Planning Commission did conduct a public hearing on July 8, 2003 on the application for a development agreement by Basin Street Properties; and WHEREAS, the City Council of the City of Petaluma, after due notice, did conduct a public hearing on this matter on July 14, 2003, wherein all persons desiring to be heard were heard; and WHEREAS, the City Council of the City of Petaluma has reviewed and considered the attached agreement and determined the contents of the agreement and the actions of the Planning Commission to be complete and correct; and WHEREAS, the attached agreement is in the public interest and is consistent with the Petaluma General Plan and in compliance with Article 19.3 of the Petaluma Zoning Ordinance; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PETALUMA DOES ORDAIN AS FOLLOWS: Section 1: The City Council finds and determines that facts stated above to be true and that an environmental review has been conducted for the project resulting in a Mitigated Negative Declaration, approved by the City Council. Section 2: The City Council further finds, with respect to the attached agreement: (a) It is consistent with the objectives, policies and programs specified in the General Plan, the Central Petaluma Specific Plan, and the CBD Redevelopment Plan. (b) It is compatible with the land uses authorized in, and the regulations prescribed for, the zone in which the real property is located. (c) It will not be detrimental to the public health, safety and general welfare. Ordinance 2157 N.C.S. Page 1 I (d) It will promote the orderly development of property or the preservation of property 2 values in accordance with good land use practice. 3 4 (e) It will eliminate blight in the Central Business District Redevelopment Project Area. 5 6 (f) It will substantially benefit the Central Business District Redevelopment Project 7 Area, increasing property tax increment and property values, enhancing the economic 8 vitality of the area and creating a vibrant 24-hour use of the downtown core. 9 10 (g) Without a development agreement and a companion owner participation agreement 1 1 with the Petaluma Community Development Commission, the project would be 12 financially infeasible. 13 14 (h) The lack of certainty in the approval of developments projects can result in a waste of 15 resources, escalate the cost of housing and other development to the consumer, and 16 discourage investment in and commitment to comprehensive planning which would 17 make maximum efficient utilization of resources at the least economic cost to the 18 public. 19 20 (i) The agreement provides assurance to the applicant for a development project that 21 upon approval of the project, the applicant may proceed with the project in 22 accordance with existing policies, rules, and regulations, and subject to conditions of 23 approval, will strengthen the public planning process, encourage private participation 24 in comprehensive planning, and reduce the economic costs of development. 25 26 (j) Pursuant to Section 33445 of California Redevelopment Law, the City Council finds 27 that the Theater District Project provides substantial benefit to the Central Business 28 District Redevelopment Project Area, increasing property tax increment and property 29 values, enhancing the economic vitality of the area and creating a vibrant 24-hour use 30 of the downtown core. The City Council further finds that without a development 31 agreement and a companion owner participation agreement with the Petaluma 32 Community Development Commission, the project could not built. The City Council 33 further finds that substantial blight will be eliminated by the project. Therefore, the 34 City Council finds and determines that a Development Agreement is appropriate for 35 the project. 36 37 Section 3: The City Council hereby approves the Development Agreement by and between the 38 City of Petaluma and Basin Street Properties, in the form attached hereto and marked as Exhibit 39 A, and authorizes and directs the City Manager to enter into said agreement in the name of the 40 City of Petaluma, and, further, directs the City Clerk to record said agreement no later than 10 41 days after the effective date of the adoption of this ordinance. 42 43 Section 4: If any section, subsection, sentence, clause or phrase or word of this ordinance is for 44 any reason held to be unconstitutional, unlawful, or otherwise invalid by a court of competent 45 jurisdiction, such decision shall not affect the validity of the remaining portions of this 46 ordinance. The City Council of the City of Petaluma hereby declares that it would have passed Ordinance 2157 N.C.S. Page 2 a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 5: This ordinance shall become effective thirty (30) days after the date of its adoption by the Petaluma City Council. Section 6: The City Clerk is hereby directed to post this ordinance for the period and in the manner required by the City Charter INTRODUCED and ordered posted/puked this 14th day of July, 2003 ADOPTED this 4th day August, 2003 by the following vote: AYES: Canevaro, Mayor Glass, Harris, Healy, Vice Mayor O'Brien, Torliatt NOES: None ABSENT: None RECUSED: Moynihan ATTEST: Gayle Petersen, City Clerk David Glass, Mayor VE TO FORM: Ric Rudna6ky, Ci t rney Ordinance 2157 N.C.S. Page 3 OFFICIAL BUSINESS Document entitled to free recording Government Code Section 6103 RECORDING'REQUESTED BY AND WHEN RECORDED MAIL TO: City of Petaluma 1.1 English Street Petaluma, CA 94952 Attention: Mike Bierman City Manager SPACE ABOVE THIS LINE FOR RECORDER'S USE DEVELOPMENT AGREEMENT by and between THE CITY OF PETALUMA and BASIN STREET PROPERTIES 11/03/03, Final 630376 1 DEVELOPMENT AGREEMENT by and between THE CITY OF PETALUMA and BASIN STREET PROPERTIES RECITALS AGREEMENT 1. 2. 3. 4. 5. 0 7 11/03/03, Final 630376 i TABLE OF CONTENTS Pa e s 1-2 Description of Propertv. Interest of DEVELOPER. Relationship of CITY and DEVELOPER and AGENCY. 3.1 No Joint Venture. 3.2 Cooperation with Redevelopment Agency. Effective Date and Term. 2 4.1 Effective Date. 3 4.2 Term, 3 4.3 Termination Upon Issuance of Certificate 3 of Occupancy. 4.4 Optional Extensions. 3 Use of the Property. 3 5.1 Right to Develop. 3 5.2 Permitted Uses. 3 5.3 Additional Conditions. 3 5.3.1 Subsequent DiscretionaryApprovals. 3 5.3.2 Mitigation Conditions. 4 5.3.3 Phasing, Timing, 4 5:3.4 Financing Plan. 4 5.3.5 Fees, Dedications. 4 5.3.6 Notice Requirement. 4 Applicable Rules, Regulations and Official Policies. 5 6.1 Rules re Permitted Uses. 5 6.2 Rulesse Design and Construction. 5 6.3 Uniform Codes Applicable. 5 Subsequently Enacted Rules and Regulations. 5 7:1 New Rules and Regulations. 5 7.2 Approval of Application. 5 7.3 Moratorium Not Applicable. 5 7.4 Timing of Development. 6 1.1 a 12. 13. 14. 15. ii Subsequently Enacted or Revised Fees, Assessments and 6 Taxes. 8.1 Exactions, Dedications. 6 8.2 Revised Application Fe Fees, 6 8.3 New Taxes. 6 8.4 Assessments. 6 8.5 Vote on Future Assessments and Fees. 6 Amendment or.Cancellation. 7 9.1 Modification Because of Conflict with State or Federal 7 Laws. 9.2 Amendment by Mutual Consent. 7 9.3 Insubstantial Amendments. 7 9.4 Amendment of Project Approvals. 7 9.5 Cancellation by Mutual Consent. 7 Term of Proiect Approvals. 8 Annual Review. 8 11.1 Review Date. 8 11.2 Initiation of Review. 8 11..3 Staff. Reports. 8 11.4 Costs. 8 ' Default 8 12.1 Procedure: Regarding Defaults. 8 12.1.1 Notice. 8 12.1.2 Cure. 8 12.1.3 Failure to Assert. 9 12.1.4 Payment of Money. 9 12.1.5 Notice of Default. 9 12. T.6 Legal Proceedings. 9 12.1.7 Annual Review. 9 12.1.8 Termination.. 9 12.2 No Damages Against CITY. 10 Estoppel Certificate. 10 Mortgagee Protection;,Certain Rights of Cure. 10 14.1 Mortgagee Protection. 10 14.2 ;Mortgagee Not Obligated. 10 14.3 Notice of Default to Mortgagee and Extension 10 of Right to Cure. Severability. 16 17 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. Iff Attomevs' Fees and Costs. Transfers and Assignments. 11 17.1 Developers Right to Assign. 11 17.2 Release Upon Transfer. 11 17.3 Developer's Right to Retain Specified Rights 12 or Obligations. Agreement,Runs'wiftthe Land. 12 Bankruptcv, 12 Indemnification. 12 Insurance. 13 21.1 Public Liability and Property Damage Insurance. 13 21.2 Workers Compensation Insurance. 13 . 21.3 Evidence of Insurance. 13 Excuse,for Nonperformance. 13 Sewerand Water. 14 Notices. 14 Recitals. 14 Agreement is Entire Understandinq. 14 Exhibits. 14 Counterparts. 15 Recordation. 15 Exhibit A 17 Exhibit B 32 SCHEDULE OF EXHIBITS EXHIBITS "A" - Legal Description of Property EXHIBITS "B" - Additional Conditions 1V DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this "Agreement") is made and entered into this _ day of 2004 by and, between the CITY OF PETALUMA, a municipal corporation (hereinafter "City"), and BASIN STREET PROPERTIES, a California corporation (hereinafter referred to as "Basin.Street") pursuant to the authority of§§ 65864 et seq., of the California Government Code and the Municipal Code of the City of Petaluma. RECITALS A. California Government Code §§ 65864 et seq., and Article 19.3 of the Petaluma Zoning Ordinance authorize the CITY to enter into an Agreement'for the development of real property with any person having a legal or equitable interest in such property in order to establish certain development rights in such property; and B. The City of Petaluma has adopted the Central Petaluma Specific Plan and the development of the Property which is the subject of this Agreement'is consistent with the Specific Plan; and C. On May 21, 2001 by Resolution No. 2001-103 N.C,S., the Redevelopment Agency of the City of Petaluma certified an Environmental Impact Report for the Redevelopment Plan. The Project which is the,subject of this Development Agreement is consistent with the terms of such Redevelopment Plan and EIR. On June 2, 2003 by Resolution No. 2003-103 the CITY certified an EIR on the Central Petaluma Specific Plan. The Specific Plan and the EIR provide forthe development of the Project which is the subject of this Development Agreement, and the uses, densities, intensities, and scope of development contemplated herein are consistent therewith. On July 14, 2003 by Resolution No. 2003- 140 N.C.S., the CITY adopted a Negative Declaration for the development of the Project described in this Agreement. No subsequent or'supplemental EIR will be required for further entitlements unless mandated by Section 21166 -of the Public Resources Code. D. The parties hereto have determined that the Project (as defined below) is a development for which a development agreement is appropriate. Development of the-Project.in accordance with a development agreement will provide for the orderly phased development of the Property in accordance with the objectives set forth in the General Plan, the Redevelopment Plan and the Specific Plan. Moreover, a development agreement for the Project will eliminate uncertainty'in, planning for and securing orderly development of the Project, ensure attainment of the maximum efficient utilization of resources within the CITY at the least economic cost to its citizens,. and achieve the provision of public services, public uses, urban infrastructure and other.goals and purposes for which the Development Agreement Act was enacted, all in the promotion of the health, safety and general welfare of the City of Petaluma and its residents. In exchange for these and other benefits to the CITY, DEVELOPER and its successors and assigns will receive the assurance that they may develop the Project during the ,term of this Agreement, subject to the terms and conditions herein contained. E. This Agreement does not (1) grant density or intensity of use in excess of that otherwise established in the Specif c Plan or Project Approvals, or (2) guarantee to DEVELOPER or any other party any economic return from the Project. F. As a result of the developmenttof the Property in.accordance with this Agreement, the CITY will receive substantialbenefits. Such benefits will include, among others, the following:. increased sales tax revenue; increased property tax revenues; the addition of a downtown parking garage open to the public, the revitalization of downtown Petaluma by means ofthe development and operation of the Project on the Property; and additional employment opportunities. G. The Project"which is the subject of this Development Agreement is also the subject of an Owner Participation Agreement by and between DEVELOPER and the Petaluma Community Development Commission (the "OPA"). It is the'intent of the Parties that the terms hereof be construed to facilitate the terms and conditionsof the OPA to the extentlegally possible. H.. CITY has,by,Ordinance No. 2158 N.C.S. on August 4,.2003 adopted regulations which provide for the creation of a theater district in the CITY's central business district and such ordinance does not permit the construction of movie theaters outside the, boundaries of the Theater District (as defined in the Ordinance). Adoption of these regulations is a material inducement for DEVELOPER entering into this Development Agreement. AGREEMENT Description of Property. The Property which is the subject of this Development Agreement is described in Exhibit A attached hereto ("Property"). 2. Interest of Developer. The DEVELOPER has a legal or equitable interest in the Property. Relationship of CITY and DEVELOPER and AGENCY. 3.1 No Joint Venture. It is understood that this Agreement is a contract that has been negotiated and voluntarily, entered into by CITY and DEVELOPER and that the DEVELOPER is not an agent of CITY. The CITY and DEVELOPER hereby renounce the existence 'of any form of joint venture or partnership between them, and agree that nothing contained herein or in anydocument executed in connection herewith shall be construed as making the CITY and DEVELOPER joint venturers or partners. 3.2 Cooperation With Redevelopment Aqencv. Pursuant to the Community Redevelopment law, CITY shall to the extent permitted by, law, cooperate in all respects with the, Redevelopment Agency in carrying out the terms of the Redevelopment Plan and Agency's obligations under the OPA with DEVELOPER. CITY agrees to undertake,all actions in a diligent and timely, fashion to accomplish the.Agency goals' and DEVELOPER's Project,including but not limited to processing of Project permits and, historical resources approvals, plan checks, inspections, utility connections, and reviews. 4. Effective Date and°Term. 2 4.1 Effective Date. The effective date of this.Agreement shall be the date upon which this Agreement is signed by CITY. 4.2 . Term. The term of this Development Agreement shall commence on the Effective Date -and extend five (5) years thereafter, unless said term is otherwise terminated or modified by circumstances set`forth in this Agreement. 4.3 Termination Upon Issuance of Certificate of Occupancy. Upon issuance of the final certificate of,Occupancy for the Project, this Development Agreement shall terminate with respect to DEVELOPER only. 4.4. Optional. Extensions. Prior to ther termination of this Development Agreement, as provided in Section 4.2, DEVELOPER may extend the term of the Development Agreement. To do so, DEVELOPER shall give CITY written notice at least 90 days prior to the termination date of the Development Agreement. At the time'DEVELOPER provides such notice, DEVELOPER shall make a contribution to CITY in the amount of $250,00.0.00, which monies will be used•by CITY to maintain infrastructure Jn the Central Business District. Upon receipt of the notice and -the contribution, the City Manager shall notify,the DEVELOPER that the term of the Development.Agreement has been extended for a one-year period. The DEVELOPER may exercise its option to extend the Development Agreement no more than three times,.for a maximum total term of the Development Agreement of eight years. The total contribution for the maximum extension of three years will be $750,000.00. 5. Use of the Property. 5.1 Right to Develop. DEVELOPER shall have.the vested right to develop the Project on the Property in accordance with the terms and conditions of this Agreement, the uses, densities and intensity of use set forth in Exhibit B, the Project Approvals (as and when issued), and any amendments to any of them- as shall, from time to time, be approved pursuant to this Agreement. "Project Approvals" means actions'by the City Council, Planning Commission or any subordinate body or entity of the CITY making findings in connection with, approving and/or making amendments to, and all conditions of approval adopted by the CITY in connection with the following as it relates to the Project: a) General Plan, b) Specific'Plan, c) zoning ordinance of the,CITY, d) environmental clearances for the foregoing, and e) Master Plan, design guidelines, design approvals, site plan approval, °and architectural approvals for the Project. 5.2 Permitted,.Uses. The permitted uses:of the Property, the density and intensity of use, the maximum height, bulk and size of proposed buildings, provisions for reservation or dedication of land, for public purposes and location and maintenance of on-site and off-site improvements, location of public utilities (operated by CITY) and other terms and conditions of development applicable to the Property, shall be those setforth in 'this Agreement, the OPA, Exhibit B, the Project Approvals and any amendments to this -Agreement or the Project Approvals. 5.3 Additional Conditions. Provisions for the following ("Additional Conditions") are setJorth in Exhibit,B attached hereto and incorporated herein' by reference. 5.3.1 Subseauent Discretionary Approvals. By approval of this Development. Agreement, the City has found and. determined that the Project described herein is consistent with the General Plan; Specific Plan, Redevelopment Plan and Zoning Ordinance. No further discretionary review is required,prior to issuance of building permits except for Historical, Architectural' and Design review. Such review is exclusively limited to the scope provided under the terms of the Specific Plan and not the uses, densities or intensity of use of the Project. 5.3.2 Mitigation Conditions. Additional or modified conditions agreed upon by the parties in order to eliminate or mitigate adverse environmental impacts of the Project or otherwise relating to development of the Project. See Exhibit B 5.3.3 Phasing, Timinq. Provisions that the Project be constructed in specified phases; that construction shall commence within a specified time, and that the Project or any phase thereof be completed within a specified time (subject to section 7.4 hereof). See Exhibit B 5.3..4 Financinq Plan. Financial plans which identify necessary capital improvements such as streets and utilities and sources of funding. Notwithstanding anything to the contrary contained in this Agreement or in the: Exhibits attached hereto: (i) the City shall have no obligation to provide funding to,Developer,in connection with development of the Property or the public improvements required in connection therewith, and (ii) pursuant to the OPA, the Petaluma Community Development Commission shall fund certain public improvements in accordance with the terms and conditions of the OPA. dedication of property. See Exhibit B 5.3.5 Fees, Dedications. Tums relating to payment of fees or See Exhibit B 5.3:6 Notice Reauirement. For each parcel comprising the property that is the subject of this Development Agreement, Developer shall record the following notice in the Official Records of Sonoma County, and Developer shall include the following notice in all sale, lease or rental agreements concerning any portion of such property: "This document ,shall serve as notification_ that. you have purchased property or you are leasing or renting premises in an area where river -dependent industrial operations are located which may cause off-site effects including without limitation, noise, dust, fumes, smoke,, light, and odors, and which may operate at any time of.night or day. The nature and extent of such operations and their effects may°vary in, response to fluctuations in economic circumstances, business cycles, weather and tidal conditions and other conditions. This statement is notification that these off-site effects are a component of the industrial operations along the riverfront area of the City. of Petaluma, and you should be fully aware of this at the time of purchase, lease or rental." 6. Applicable_ Rules, Reaulations and Official Policies. 6.1 Rules re .Permitted Uses. Unless otherwise specifically provided for in Exhibit B, for the term.of this Agreement, the CITY's ordinances, resolutions, rules, regulations and official policies governing the permitted uses of the Property,'governing density and intensity of use of the Property and the maximum height, bulk and size of proposed buildings shall be those in force and effect on the effective date ofthis Agreement. . 6.2 Rules re Desiqn and Construction. Unless otherwise expressly provided in Paragraph 5 of this Agreement or Exhibit'B hereof, the ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to the Project shall. be those in force and effect at the time of the applicable discretionary Project Approval (See Paragraph 5.3.1). In the event of a conflict between such ordinances, resolutions, rules, regulations and official policies and the Project Approvals, the Project Approvals shall prevail. Ordinances, resolutions, rules, regulations and official policies governing design, improvement and construction standards and specifications applicable to public improvements to be constructed by DEVELOPER shall be those in force and effect at the time of the applicable permit approval for the public improvement. 6.3 Uniform Codes Applicable. Unless expressly provided in Paragraph 5 of this Agreement, the. Project shall be constructed in accordance with the provisions of the Uniform Building, Mechanical, Plumbing, Electrical and Fire'Codes and Title 24 of the California Code of Regulations, relating to Building Standards, in effect at the time of approval of the appropriate building, grading, or other construction permits for the Project. 7. Subsequently Enacted Rules and Requlations. 7,1 New Rules and Requlations. During the term of this Agreement, the CITY may apply new ormodified ordinances; resolutions, rules, regulations and official policies'of the CITY to the Property which were not in force- and effect.on the, effective date of this Agreement and which are not in conflict with those applicable to the Property as set forth in this Agreement and the Project Approvals if: (a) the application of such new or modified ordinances, resolutions, rules, regulations or official policies would not prevent, impose a financial burden on, or materially delay development of'the Property as contemplated by this Agreement and the Project Approvals and (b) if such ordinances, resolutions, rules, regulations or official policies have general applicability. 7.2 Approval of Application. Nothing in this -Agreement shall prevent the CITY from denying or conditionally approving any subsequent land use permit or authorization for the Project on the basis of such:new:or modified ordinances, resolutions, rules, regulations and policies except that such subsequent actions shall ,be subject to any conditions, terms, restrictions, and requirements expressly set forth herein. 7.3 Moratorium Not Applicable. Notwithstanding anything to the contrary contained herein, in the event an ordinance, resolution or other measure is enacted, whether by action of CITY, by initiative, referendum, or otherwise, that imposes a building moratorium which affects the Project on all or any part of the Property,. CITY agrees that such ordinance, resolution or other measure'shall not apply to the Project, the Property, this -Agreement or the Project Approvals unless the building moratorium is imposed as part,of a declaration of a local emergency or state of emergency" as defined in Government Code §8558. 7.4 Timinq of Development. 'The parties agree that.it is extremely difficult for the parties to presently predict when or at what-ratel or in whafierder portions of the Project would be developed on,the. Property. Such decisions depend upon numerous factors which are not all within the control of DEVELOPER, such as market orientation and demand, interest rates, competition and other similar factors:: Because the California Supreme Court held in Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1.984); that the failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development.and controlling the parties' agreement, it is the intent of CITY and DEVELOPER,to hereby acknowledge and provide for the right of DEVELOPER to develop the Project. in such order and at such rate and times as. DEVELOPER deems appropriate within the exercise of its prudent business judgment. CITY acknowledges that such a right is consistent with the intent, purpose and understanding of the parties to this Agreement, and that without such a right, DEVELOPER's _development of the Project would be subject to the uncertainties sought to be voided by the Development Agreement Act, the Development Agreement Ordinance and this Agreement. 8. Subsequently Enacted or Revised. Fees, Assessments and Taxes. 8.1 Exactions, Dedications. CITY and DEVELOPER agree that the exactions required in connection with the development of the Project Approvals for purposes of mitigating environmental and other impacts of the Project, providing infrastructure for the Project and complying with the Specific Plan shall be those setforth in the Project.Approvals and in'.this Agreement (including Exhibit B). The CITY shall not impose other dedications of land, or construction of any public improvement or facilities in connection with any subsequent discretionary approval ,for the Property, except as set forth in the Project Approvals and this Agreement (including Exhibit B, and subparagraph 5.3:5). 8.2Revised Application Fees. Any existing application, processing and inspection fees that are revised during the term of thisAgreement shall apply to the Project provided that (1) such fees have general applicability; (2) the application of such fees to the Property is prospective; and (3) the application of such fees, would not prevent development in accordance with this Agreement. By so agreeing, DEVELOPER does,not waive its rights to challenge the legality of any such application, processing land/or inspection fees. . 8.3 New Taxes. Any subsequently enacted city-wide taxes shall apply to the Project provided that- .(1) the application, of such taxes to .the Property is, prospective; and (2) the application of such taxes would not prevent development in accordance with this Agreement. By so agreeing. DEVELOPER does not waive its rights to.challenge thedegality of any such taxes. 8.:4 Assessments. Nothing herein shall be construed to relieve the Property from assessments levied'against it by CITY pursuant'to any statutory procedure for the assessment of property to pay for infrastructure and/or services which benefit the Property. 8.5 Vote on Future Assessments and Fees. In the event that any assessment, fee or charge which is applicable to the Property is subject to Article MID of the Constitution and DEVELOPER does not return, its ballot, DEVELOPER agrees, on behalf of itself and its successors, 0 that CITY may count DEVELOPER's ballot as affirmatively voting in favor of such assessment, fee or charge. 9. Amendment or Cancellation. 9.1 Modification. Because of Conflict with State or Federal Laws. In the event that state or federal laws or.regulations-,enacted after the effective date of.this Agreement prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans, maps or permits approved by the CITY, the parties shall meet`and confer in good faith in a reasonable attempt`to modify this Agreement to comply with such federal or state law or regulation. Any such amendment or suspension of the Agreement shall be approved by the City Council in accordance with the Municipal Code. 9.2 Amendment by Mutual Consent. This Agreement may be amended in writing from time to time by mutual consent of the paries hereto and in accordance with the procedures of State law and the Municipal Code. 9.3 Insubstantial Amendments. Notwithstanding the provisions of the preceding section 9.2, any amendments to this Agreement which do not relate to (a) the term of the Agreement as provided in section 4.2; (b) the permitted uses of the Property as provided in section 5.2; (c) provisions for "significant" reservation &,dedication of land as provided in Exhibit B; (d) conditions, terms, restrictions or requirements for subsequent discretionary actions; (e) the density or intensity of use of the Project; (f) the maximum height or size of proposed buildings; or (g) monetary contributions by DEVELOPER as provided in this Agreement, shall not, except to the extent otherwise required by law, require notice or public hearing before either the Planning Commission or the City Council before the parties may execute an amendment hereto. CITY's City Manager shall determine whether a reservation or dedication is "significant". 9.4 Amendment of Proiect Approvals. Any amendment of Project Approvals relating to: (a) the permitted use of the Property; (b) provision for reservation or dedication of land; (c) conditions, terms, restrictions or requirements for subsequent discretionary actions; (d) the density or intensity of use of the Project; (e) -the maximum height or size,of proposed buildings; (f) monetary contributions by the DEVELOPER; or (g) public improvements to be constructed by DEVELOPER shall require an amendment of this Agreement. Such amendment shall be limited to those provisions of this Agreement which are implicated by the amendment of the Project Approval. Any other amendment of the Project Approvals„ or any of them, shall not require amendment of this Agreement unless the amendment of the Project Approval(s) relates specifically to some provision ofthis Agreement. 9.5 Cancellation by Mutual Consent. Except as otherwise permitted, herein, this Agreement may be canceled in whole or in part only by the mutual consent of the parties or their successors in interest; in accordance with the provisions of the Municipal Code. Any fees paid pursuant to Paragraph 53 and Exhibit B of this -Agreement prior to the date of cancellation shall be retained by CITY. 10. Term of Proiect Approvals. Pursuant to California Government Code Section 66452.6(a), the term of any parcel map shall automatically be extended for the term of this Agreement. The term of any other Project Approval shall be extended only if so provided in Exhibit B. 11. Annual Review. 11.1 Review -Date. The annual review date for this Agreement shall be August 15 and each August 15 thereafter: 11.2 , Initiation of Review. The CITY's Community Development Director shall . initiate the annual review by.giving to DEVELOPER twenty (20) days' written notice that the CITY intends to undertake such review. DEVELOPER shall provide evidence to the Community Development Director prior to the hearing on the annual review, as and when reason ablydetermined necessary by the Community Development Director., to demonstrate good"faith compliance with the provisions of the Development Agreement. The burden of proof by substantial evidence of compliance is upon the DEVELOPER. 11.3 Staff Reports. CITY shall deposit in the mail and fax to DEVELOPER a copy of all staff reports, and related exhibits concerning contract performance at least three (3) days prior to any annual review and shall make every effort to fax copies five (5) days in advance. 11.4 Costs. Costs reasonably incurred by CITY in connection with the annual review shall be paid by DEVELOPER in accordance with the CITY's==schedule of fees in effect at the time of review. 12. Default. Subject to any:applicable extension of time., failure by any -party to perform any term or provision of this Agreement required to be performed by 'such party shall constitute an event of default ("Event of Default"). For purposes 6f -this Agreement, a party claiming another party is in default shall be referred to as the "Complaining Party," and the party alleged ,to be in default.shall be referred to as the "Party in Default." Provided, a. Complaining Party shall not.exercise any of its remedies as the result of such Event of Default unless, such Complaining Party first gives.notice to the Party in Default as provided in paragraph 12.1; and the Party in Default fails to cure such Event.of'Default within the applicable cure period. 12.1 Procedure Reqardinq Defaults. 12.1.1 Notice. The Complaining Party shall give written notice of default to the Party in Default, specifying the default complained of'by the. Complaining Party. Delay in giving such notice shall not constitute a waiver of any default nor shall' it change the time of default. . 12.1.2 Cure. The Party in Default shall diligently endeavor to cure, correct or remedy"the matter complained of, provided such cure, correction or remedy shall be completed within the.applicable time period set forth herein after receipt of written notice (or such additional time as may be deemed by the Complaining Party to be reasonably necessary to correct the matter). 12.1.3 Failure to Assert. Any failures or delays by a Complaining Party in asserting any of its rights and remedies as to any de shall not operate as a waiver of any default or of'any such, rights or remedies.. Delays by a Complaining Party in asserting any of its rights and remedies shall not deprive the Complaining Party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert, or enforce any such rights or remedies. 12.1.4 Payment of Money. If an Event of Default occurs with respect to (a) the payment of money, or (b) the submission of documents, prior to exercising any remedies, the Complaining Party shall give the Party in Default written notice of such default. The Party in Default shall have a period of sixty (60) days after such notice is given within which to cure the default prior to exercise of remedies by the Complaining Party. 12.1.5. Notice of Default. If an Event of Default occurs with respect to any other obligation, prior to exercising any remedies, the Complaining Party shall give the Party in Default written notice of such default. If thedefaulfls reasonably capable,of being cured within thirty (30) days, the Party in Default shall have such period to effect a cure prior to exercise of remedies by the Complaining Party. If the nature of the alleged default is such that itcannot practicably be cured within such 30 day period and the default pertains to an obligation other than (a) the payment of money, or (b) the submission of documents, the cure shall be deemed to have occurred within such 30 day period if (w) the cure is commenced at the earliest,practicable.date following receipt of the notice; ,(x) the cure is diligently prosecuted to completion at all times thereafter; (y) at the earliest practicable date (in no event later than thirty (30) days after the curing party's*receipt of the notice), thecuring party provides ,written notice to the other party that the cure cannot practicably be�completed within such 30 day period; and (z) the cure is completed at the earliest practicable date. In no event shall Complaining Party be precluded from exercising remedies if a default is not cured within one hundred eighty '(180) days after the first notice of default is given. 12.1.6 Legal Proceedings.Subject to the foregoing, if the Party in Default fails to cure a default in accordance with the foregoing, the Complaining Party, at its option, may institute legal proceedings pursuant to this Agreement or, in the event of a material default, terminate this Agreement. Upon the occurrence of an event of default, the parties may pursue all other remedies at law or in equity which are not otherwise provided for or prohibited by this.Agreement or in the City's regulations governing development agreements, expressly including the remedy of specific performance of this Agreement. 12.1.7 Annual Review, Without,limitation, evidence of default may arise in the:course of the regularly scheduled annual review described, in Paragraph 11. 12.1.8 Termination. ,If CITY elects to consider terminating this Agreement due to a material,default of DEVELOPER, then CITY shall give a notice of intent to terminate this Agreement and the matter shall be scheduled for consideration and review by the City Council in the manner set forth in California Government Code Sectionsl 65867 and 65868. If the City Council determines'that a material default has occurred and is continuing, and elects to terminate this Agreement, CITY shall give written notice.of termination of this Agreement to 'DEVELOPER and thisAgreement shall -be terminated thereby; provided, however, that DEVELOPER reserves any and all rights it may have to challenge in court CITY's termination of this Agreement. 12.2 No Damaqes Aqainst CITY. In no event shall monetary damages be awarded against'CITY upon an event of default or upon termination 'of this Agreement. 13'. ' Estoppel Certificate. Any party may, at any time, and from time to time, request written notice from the other party requesting such party to certify in writing that, (a) this Agreement is in full force and effect and a binding obligation of the parties, (b) this Agreement has not been amended or modified either orally or in writing, or if so amended, identifying the amendments, and (c) to the knowledge of the certifying party the requesting party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein'the nature and amount of any such defaults. A party receiving a request hereunder shall execute and return such certificate within thirty (30) days following; the receipt thereof, or such longer period as may reasonably be, agreed to by, the parties. City Manager of CITY shall be authorized to execute any certificate requested by DEVELOPER. Should :the. party receiving the request nof.execute and return such certificate within the applicable period, this shall -not be deemed to be a default, provided that such party.shall be deemed to have certified that the statements in clauses (a) through (c) of this section are true, and any party may rely on such deemed certification. 14. Mortgagee Protection; Certain Riqhts of Cure. 14.1 Mortgagee Protection. This Agreement shall be superior and senior to any lien placed upon the Property, or any portion thereof after the date of recording, this Agreement, including the lien for any deed of trust or mortgage ("Mortgage")., Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage made in good .faith and for value, but all the terms and conditions contained in this Agreement shall bebinding upon and effective against any person ror entity, including any deed of trust beneficiary or mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by -foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise. 14.2 Mortgagee Not Obliqated. Notwithstanding the provisions of Section 14.1 above, no Mortgagee shall have any obligation or duty under this Agreement, before or after foreclosure or a deed in lieu of'foreclosure, to construct or complete the construction of improvements, or to guarantee such construction of improvements, or to guarantee such construction or completion, or to pay, perform or provide: any fee, dedication, improvements or other exaction or imposition; provided, however, that a Mortgagee,shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or,improvements provided for or authorized by the Project Approvals or by this Agreement. 14.3 Notice of Default to Mortgagee and Extension of Riqht to Cure. If CITY receives notice from a Mortgagee requesting a copy of any notice of default given DEVELOPER hereunder and specifying, the address for.service thereof, then CITY shall deliver to such Mortgagee; concurrently with service thereon to DEVELOPER, any notice given.to DEVELOPERwith respect to any claim by CITY that DEVELOPER has committed an event of default. Each Mortgagee shall have the right during the same period available to DEVELOPER to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the CITY's notice. CITY,,through its City Manager, may extend the cure period provided in section 12.1.4 for not more than an additional sixty (60) days upon request of DEVELOPER or a Mortgagee. 10 15. Severabilitv. The unenforceability, invalidity or illegality of any provision, covenant, condition or term of this Agreement shall not render the other provisions unenforceable, invalid or illegal. 16. Attornevs' Fees and Costs. If CITY or DEVELOPER initiates any action at law or in equity to enforce or interpret the terms and conditions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs in addition to any other relief to which it may otherwise be entitled. If any person or entity not a party to this Agreement initiates an action at law or'in equity to challenge the validity of any provision of this Agreement or the Project Approvals, the parties shall cooperate and appear in defending such action. DEVELOPER shall bear its own costs of defense as a real party in interest in any such action, and DEVELOPER shall reimburse CITY on an equal basis for all.reasonable court costs and attorneys' fees expended by CITY in defense of any such action or other proceeding. 17. Transfers and Assianments. 17.1 DEVELOPER's Right to Assign. All of DEVELOPER's rights, interests and obligations hereunder may be transferred; sold or assigned in conjunction with the transfer, sale, or assignment of the Property subject hereto at any time during the term_of this Agreement, provided that no transfer, sale or assignment of DEVELOPER's rights, interests and obligations hereunder shall occur without the prior written notice,to CITY andapproval by the City Manager; which approval shall not be unreasonably withheld or delayed. The City Manager shall consider and decide the matter within 10 working days after DEVELOPER's notice -provided and receipt by, City Manager of all necessary documents, certifications and other information required by City Manager to decide the matter. In considering the request, the City Manager shall base the decision upon the proposed assignee's reputation, experience, financial resources and access to credit and capability to successfully carry out the development of the Property completion. The City Manager's approval shall 'be for the purposes of: a) providing notice to CITY; b) assuring that all obligations of DEVELOPER are allocated as between DEVELOPER and, the proposed purchaser, transferee or assignee; and c) assuring CITY that the proposed purchaser; transferee or assignee is capable of performing the DEVELOPER's obligations hereunder not withheld by DEVELOPER pursuant to section 17.3. Notwithstanding the foregoing, provided notice is given as specified in Section 23, no CITY approval shall be required for any transfer, sale, or assignment of this Agreement to: 1) any entity .which is an affiliate or subsidiary of DEVELOPER; 2) any Mortgagee; or 3) any transferee of a Mortgagee. lfthe City Manager fails to. act within ten (10) working days, such transfer, sale or assignment shall be deemed approved. 17.2 Release Upon Transfer. Upon the transfer, sale, or assignment of all of DEVELOPER's rights, interests and obligations hereunder pursuant to section 17.1 of this Agreement, DEVELOPER shall be released from the obligations under this Agreement, with respect to the Property transferred, sold, or assigned, arising subsequent to the date of City Manager approval of such transfer, sale, or assignment; provided, however, that if any transferee, purchaser, or assignee approved by the City Manager'expressly assumes all of the rights, interests and obligations of DEVELOPER under this Agreement, DEVELOPER shall.be,released with respect to all such rights, interests and assumed obligations. In any event, the transferee, purchaser, or assignee shall be subject.to all the provisions I hereof and shall provide all °necessary documents, certifications and other necessary information prior to City Manager approval. 17.3 Developer's Riaht to RetainSpecified Rights or Obligations. Notwithstanding sections 17.1 and 1.7.2 and section 18, DEVELOPER may withhold from a sale, transfer or assignment of this Agreement certain rights; interests and/or obligations which DEVELOPER shall retain, provided that DEVELOPER,specifies such rights, interests and/orobligations in a written document to be appended to this Agreement and recorded with the Sonoma County Recorder prior to the sale, transfer or assignment of the Property. DEVELOPER's purchaser, transferee or assignee shall then have no interest or obligations for such rights, interests and obligations and this Agreement shall remain applicable to DEVELOPER with respect to such retained rights, interests and/or obligations. 1'8. Agreement Runs with the Land. All of the provisions, rights, terms, covenants, ;and obligations contained in this Agreement shall be binding upon the parties and their respective heirs, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable,servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, Section 1468 of the Civil Code of the State of California. Each covenant to do,.or refrain from doing, some act on the Property hereunder, or with respect to any owned property, (a) is for the benefit of such properties and is a burden upon such properties, (b) runs with such properties, and (c) is binding upon each party and each successive owner during its ownership of such properties or any portion. thereof, and shall be a' benefit to and a burden upon each party and its property hereunder and each other person succeeding to an interest in :such properties. 19. Bahkruptcv. The obligations of this Agreement shall not.be dischargeable -in bankruptcy. 20. Indemnification. DEVELOPER agrees to indemnify, defend and hold harmless CITY, and its elected and appointed councils,�boards,.commissions, officers, agents, employees, and representatives from any and all claims, costs (including legal fees and costs) and liability for'any personal injury or property damage which may arise directly or indirectly as a result of any actions or inactions by the DEVELOPER, or any actions or inactions of DEVELOPER's contractors, subcontractors, agents, or employees in connection with the construction, improvement, operation, or mainte'nance,of the Project, provided that DEVELOPER shall have no -indemnification obligation with respect to negligence or wrongful conduct of CITY, its contractors, subcontractors, agents or employees or with respect to theL maintenance, use or condition of any improvement after the time it -.has been dedicated to and accepted by the CITY or another public entity (except as. provided in:an improvement agreement or maintenance bond). If CITY is named as a party to any legal action, CITY will cooperate with DEVELOPER, will appear in such action and will not unreasonably withhold approval of a settlement otherwise acceptable to DEVELOPER. If CITY is named as a party to any legal action, CITY will cooperate with DEVELOPER, will appear in'such action and will not unreasonably withhold approval of a settlement otherwise acceptable to DEVELOPER. Provided, however, the provisions of this paragraph shall not obligate Developer to indemnify CITY in the event of 12 claims, costs or liability which arises from the design of public improvements installed by Developer and inspected and accepted by CITY. 21. Insurance. 21.1 Public Liabilitv and Propertv Damaqe Insurance: At all times that DEVELOPER is constructing any improvements that will become public improvements, DEVELOPER shall maintain in effect a policy of comprehensive general liability insurance with a per -occurrence combined single limit of not less than one million dollars ($1,000,000.00) and a deductible of not.more'than ten thousand dollars ($10,000.00.) per claim. The policy so maintained by DEVELOPER shall name the CITY as an additional insured and shall include either a severability of interest clause or cross -liability endorsement. 21.2 Workers -Compensation Insurance. At all times that.'DEVELOPER is constructing any improvements that will become public improvements, DEVELOPER shall maintain Worker's Compensation insurance for all persons employed by DEVELOPER for work at -the Project site. DEVELOPER shall require each contractor and subcontractor similarly to provide Worker's Compensation insurance for its respective employees. DEVELOPER agrees to indemnify the CITY for any damage resulting from DEVELOPER's failure to maintain any such insurance. 21.3 Evidence of.lnsurance. Prior to commencement of construction of any improvements which will become public improvements, DEVELOPER shall furnish CITY satisfactory evidence of the insurance required in Sections 21.1 and 21.2 land evidence that the carrier is required to give the CITY at least fifteen days prior written notice of the cancellation or reduction in coverage of a policy. The insurance shall extend to the CITY, its elective and appointive boards, commissions, officers; agents, employees and representatives and to DEVELOPER performing work on the.Project. 22. Excuse for Nonperformance. DEVELOPER and CITY shall be excused from performing any obligation or undertaking provided in this Agreement, except any obligation to pay any sum of money under the applicable provisions hereof, in the event and so long as the performance of any such obligation is prevented or delayed, retarded or hindered by act of God, fire, earthquake, flood, explosion, action of the elements, war, invasion, insurrection, riot, mob violence, sabotage,. inability to procure or general shortage of labor, equipment, facilities, materials or supplies in the open market, failure of transportation, strikes, lockouts, action of labor unions, condemnation, requisition, laws; orders of governmental, civil, military or naval 'authority„ or any other cause, whether similar or dissimilar to the foregoing, not within the control of the Party claiming the extension of time to perform. The Party claiming such extension shall send written notice of the claimed extension to the.other Party within thirty (30) days from the commencement of the cause entitling the Partyto the extension. 13 of Petaluma. 23. Sewer and Water. DEVELOPER acknowledges that it .must obtain Water and sewer permits from the City 24. Notices. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to CITY shall be addressed as follows: City Manager City of Petaluma 11 English Street Petaluma; CA 94952 Notice required to be given to DEVELOPER shall be addressed as follows: With a copy to: Basin Street Properties 1318 Redwood Way Suite 140 Petaluma, CA 949.54 Attention:. Matthew T. White, President Law Offices of Paul Andronico 25 Gregory Drive Fairfax, CA 94930 A party may change address by giving notice in writing to the other party and thereafter all notices shall be addressed and transmitted to the new address. Notices shall, be deemed given and received upon personal delivery; or if'mailed, upon the expiration of 48 hours after being deposited in -the United States Mail. Notices may also be given by°overnight courier'which shall be deemed given the -following day or by facsimile transmission which shall be deemed given upon verification of receipt. 25. Recitals. The foregoing Recitals are true and correct and are made a part hereof. 26. Agreement is Entire Und'erstandinq. This Agreement constitutes the entire understanding and agreement of the parties. 27. Exhibits. The following documents are referred to in this Agreement and are attached hereto and incorporated herein as though set forth in full: 14 Exhibit A Legal Description of Property Exhibit.B Additional Conditions and Master Plan 28. Counterparts. This Agreement is executed in three (3) duplicate originals, each of which is deemed to be an original. 29. Recordation. CITY shall record,a copy of this Agreement within ten days following execution by all parties. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF PETALUMA: By�r�,�(.a.�.--- Date: Mike Bierman l City Manager Attest: By: C.(, Dater City Cler .Approved as to Form: City Attorney BASIN STREET PROPERTIES, a Ca ifornia corporation (B, sin, Street): g% Date: Matthew T. White ` President 15 STATE OF CALIFORNIA ) )ss. OF jftnlx► ) On before meA tdAtl A . b mmoApersonally appeared, personally known to me (or proved to me on the basis of satisfactory evidence) to be the,person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature �&tP,1� STATE OF CALIFORNIA ) OF 56)ss. ►�� GAYLE PETEf2SEN •Commission # 1314145 Z _Notary public - California zr Alameda County MyCorr n. Expires Aug ie, 2005 On 9 -Its [04 before me, WAt Y O T. W�ILP , personally appeared, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature 16 r �.... JENNIFERJ.TOM PKI NS U : , 'COMM. 1366537 e NOARY PUBLIC CALIFORNIA n SONOMA COUNTY -� My.Comm. Expires July 26. 2006 Exhibit A Legal Description of Properties 17 Cinema (Victory Chevrolet) Legal Description 18 Policy No. SV 3595S30 Page 1 of Schedule C SCHEDULE C The land referred to in this policy is situated in the County of Sonoma. Citv of Petaluma, State of California, and is described as follows: PARCEL ONE: LOTS 150, 151, 152, 153, 154, and 155 as said Lots are numbered and designated upon Stratton's Official Map of the City of Petaluma. SAVING AND EXCEPTING, however, from Lot 150 the following described portion: BEGINNING at the Southeasterly corner of Lot 150,, as said Lot is laid down and designated upon the Official Map of the City of Petaluma as made by Ins. T. Stratton, Esq., Surveyor, said point being the intersection of the Northeasterly side line of C Street; thence Northwesterly, along the Northeasterly line of Thi -rd Street, 68 feet and 10-1/2 inches, more or less, to a brick wall running in a Southwesterly -Northeasterly direction; thence Northeasterly and along the Southeasterly side of said brick wall, 98 feet and 3-3/4 inches, more or less, to a brick wall running in a Northwesterly -Southeasterly direction; thence Southeasterly, and along the Southwesterly side of said brick wall, 68 feet 8 inches, more or less, to the Northwesterly side line of C Street; thence Southwesterly and along the Northwesterly line of C Street, 98 feet 5-3/4 inches to the point of beginning;. and being the Southeasterly portion of said Lot 150. A.P. Wos. 008-065-062, 004, and 005 PARCEL TWO: BEGINNING at the Southeasterly corner of Lot 150, as said Lot is laid down and designated upon the Official Map of the City of Petaluma as made by Ins. T. Stratton, Esq., Surveyor, said point being the intersection of the Northeasterly side line of Third Street with the' Northwesterly side line of C Street; thence Northwesterly, along the Northeasterly line of Third Street, 68 feet and 10-1/2 inches, more or less, to a brick wall running in a Southwesterly -Northeasterly direction; thence Northeasterly and along the Southeasterly side of said brick wall, 98 feet and 3-3/4 inches, more or less, to a brick wall running in a Northwesterly -Southeasterly direction; thence Southeasterly, and along the Southwesterly side of said brick wall, 68 feet 8 inches, more or less, to the Northwesterly side line of C Street; thence Southwesterly and along the Northwesterly line of C Street, 98 feet 5-3/4 inches to the point of beginning; and being the Southeasterly portion of said Lot 150. A.P. No. 008-065-003 19 Theater Square Legal Description 20 OLD REPUBLIC TITLE COMPANY ORDER NO. 0812000596 -JJ The land referred.to in this Report is situated in the County of Sonoma, City_ of Petaluma, State of California, and is,described as.follows: PARCEL ONE: LOTS NUMBERED 102, 107 and 108, as shown upon the map entitled, "Map of the City of Petaluma, 'Sonoma County, California, survey under the instructions from the Board of Trustees of said City and the U.S. Surveyor General by Jas. T- Stratton, U.S. Dep. Surveyor, December 1865, filed in the office of the County Recorder of Sonoma County, California, on December 30, 1865." EXCEPTING THEREFROM that portion conveyed by deed recorded March 8, 1946 under Recorder's Serial No. C-12479 in Book 684 of Official Records, Page 171, Sonoma County Records. ALSO EXCEPTING THEREFROM that portion conveyed by deed recorded March 3, 1952 under Recorder's) Serial No. D-61694, Book 1111 of Official Records, Page 390, Sonoma County Records. A.P. No. 008-066-006 PARCEL TWO: LOT 103, as shown on the map of Stratton's Map of the City of Petaluma. A.P. No. 008-066-003 PARCEL THREE: BEING a portion of Lots 102 and 107 and all of Lot 106, as said lots are delineated on Stratton's Map of the City of Petaluma, and more particularly described as follows: BEGINNING at an iron pin driven on the Northeasterly line 'of Third Street at a_point marking the common corner to Lbts'103 and 106 of said Stratton's Map. THENCE from the said -point of beginning and along the common lot line between Lot 103.and Lots 106 and 102 North, 2,50 47' 30" East,, 200 feet to an iron pin driven on the Southwesterly line of Second Street and said pin marking the common corner to Lots 102 and. 103; thence along said Second .Street. North 640 02' West 69.5 feet to an iron pin; thence leaving said Second Street, South 250 56' West 120.0 feet to an iron pin; thence South 640 02' East 18.00 feet to an iron pin; thence South 250 55' West 80.0 feet to an iron pin driven on the Northeasterly line of Third Street; 21 thence along Third Street South 64° C2' East 52.0 feet to the point of beginning. A.P.. No. 008-066-002 22 OLD REPUBLIC TITLE COMPANY ORDER NO. 0612000596 -JJ PARCEL FOUR: BEING a portion of Lot 102, according to the Jas.. T. Stratton Map of the City of Petaluma, as filed for record December 30, 1865 andparticularly described as follows: BEGINNING at a 1/2" steel pin marking the Northwest corner of Lot 102; thence along the Southerly line of Second Street, S.- 641 04' E. 6.-2.0 feet to a 3/4" pipe at the Northwest corner of the Carl E. Peterson lot described in the deed recorded in Book 684. of Official Records, Page 171, Sonoma County Records; thence Southerly parallel to the Easterly line of C Street and along the Westerly line of Peterson 69.3 feet to a 1/2" pipe; thence Westerly parallel to the Southerly .line of Second Street, 82.0 feet to a 1/2" pipe on the Easterly line of C Street; thence Northerly along C Street 69.3 feet to the point of beginning. A.P. No. 008-066-007 PARCEL FIVE: LOT 104 as said Lot is shown and delineated upon that certain Map of the City of Petaluma, Sonoma County, California, Survey under the instructions of the Board of Trustees of said City and the U. S. Surveyor General, by Jas. T. Stratton, U. S. Dep, Surveyor, December, 1865, filed .in the office of the County Recorder of Sonoma County, California, on December 30, 1865. PARCEL SIX: BEING all of Lot No. 105 as the same is marked and numbered on the Official Map of said City of Petaluma, made by Jas T. Stratton, U. S. Deputy Surveyor General, for the State of California, said lot is situate on the Northwest corner of Third and D Streets and fronts 49.5 feet on Third Street and runs back to Third Street and runs back to Second Street a distance of 200 feet. BEING the same premises conveyed to Mary E. Armstrong by James Armstrong by Deed dated July 3, 1911 and recorded July 5, 1911 in Book 277 of Deeds, page 211, of Sonoma County Records. EXCEPTING THEREFROM that portion contained in the Deed to the City of Petaluma recorded April 27, 1970 in Book 2457, Page 880, Sonoma County Records. A. P. No. 008-066-009 23 Garage (Ramatici) Legal Description 24 OLD REPUBLIC TITLE COMPANY ORDER NO. 213717 -JJ 2ND SUPPLEMENTAL The land referred to in this Report is situated in the County of Sonoma, Citv of Petaluma. State of California, and is described as follows: 25 J BEGINNING at the most Easterly corner of Lot 98 of the City of Petaluma, according to.the Official Map of said City made by Jas. T. Stratton, Deputy Surveyor, and filed in the Office of the County Recorder of Sonoma County on December 30, I8S5, said corner being at the corner of First and "D" Streets,, and running thence Northwesterly', and along the Southwesterly line of First Street, a distance of 151.8 feet to the most Easterly corner of Lot 99 as shown on the aforementioned Map; thence Southwesterly and along the Southeasterly line of Lot 99, a distance of 100 feet to a point; thence Southeasterly, and parallel with First Street, a distance of 151.8 feet to the Northwesterly line of "D" Street; thence Northeasterly.and along the Southeasterly line of Lot 98, a distance of 100 feet to the point: of beginning. A.P. No. 008-OS8-003 Description Legal 26 OLD REPUBLIC TITLE COMPANY ORDER NO. 21371 --JJ The land referred.to in this Report is situated in the Count}' of Sonoma, Citv of Petaluma State of California, and is described as follows: PARCEL ONE: LOT 59 as same is shown en the Official Map.of, the City of Petaluma, made by James T. Stratton, United States Deputy Surveyor General, on file in the office of the County Recorder of Sonoma County, California. A. P. No. 008-068-002 :a? PARCEL TWO: LOTS 100 AND 101 as the same are laid down and designated upon the Official Map of the City of Petaluma, as made by Jas. T. Stratton, Esq'., United States, Deputy Surveyor, and being further described as fronting 100 feet on C Street, and extending back an.equal width 149.9 feet on Second Street. BEING the same property as described in that certain Deed, Dr. G. R. Hubbe 11, as executor of the Last Will and Testament of Johanna Kohler, deceased, to George P. McNear, dated March-3.1st, 1922 and thereafter.recorded April 3rd, 1 922, in Book 7 of Official Records, page 455, Sonoma County Records. A.P. No. 008-063-001 27 Waterfront Building (Bar Ale) Legal Description 28 OLD REPUBLIC TITLE COMPANY ORDER NO. 0812000'521 -JJ The land referred to in this Report is situated in the County of Sonoma, Citv of Petaluma, State of California, and is described as follows: Commencing at the Northeasterly corner of First and D Streets; thence running Easterly along the Northerly line of First Street, 100 feet; thence at right angles Northerly 190 feet, more or less, to the Northerly line of Lot or Block Number 96, according to the Official Map of said City of Petaluma,- thence Westerly, along the said Northerly line of said Lot or Block No. 96,, 100 feet, more or less, to the Easterly line of D Street; thence Southerly along said Easterly line of D Street, 182 feet to the point of beginning. And being the same lands as is described and set forth in that certain deed, California Gas_ and. Electric Company, a corporation, etc., to Frank K. Lippitt, dated November 5th, 1904 and recorded in Liber 215 of Deeds, Page 389,,Sonoma County Records, which said deed is hereby referred to and made a part hereof. A.P. No. 008-121-001 29 River R®w Apartments (McNab) Legal Description 30 OLD REPUBLIC TITLE COMPANY ORDER NO. 214277 -JJ The land referred to in this Report is situated in the County of Sonoma, Citv of Petaluma, State of California, and is described as follows: (A) COMMENCING at the point of intersection of the Northeast line of First Street with the extension Northeasterly of the Southeasterly line of F Street extended.; thence along the Northeasterly line of First Street, North 540 02' West 384.8 feet to the most Southerly corner of Lot: 96; thence North 250 58' East along the Southeasterly line of said Lot 96, 201. S feet to Petaluma Creek; thence along the Southwesterly line of said creek and the present canal in a Southeasterly direction to a point which bears North 2'50 58' East 300 feet distant from the point of commencement; thence South 256 58' West 200 feet to the point of commencement.. Being a portion of Lot 45, Stratton's Official Map of Petaluma. (B) COMMENCING at the most Southerly co.rner of Lot 96 as numbered and designated UTDCII the 'map entitled, "Map of the City of Petaluma, Sonoma County, California", etc., surveyed by Jas . T. Stratton_, recorded December 30, 1865, Sonoma County Records; thence North 6.40 92' West along the Northeasterly line of First Street a distance of 267.4 feet to a point from which the most Westerly corner of said Lot 96 bears North 640 02' West, 110 feet distant; thence North 250 56' East 190 feet to Petaluma Creek; thence along said•creek South 860 East 258_.3 feet to the most Easterly corner of said Lot 9,6; thence along the dividing line between Lots 45 and 96, South'250 58' West 207. 5 feet to the point of commencement. Being a portion of Lot 96 of Stratton's Official Map of the City of Petaluma. A. P. Nos. 008-121-0071 008, 009, 010, 011 and 012 31 Exhibit B Additional Conditions B-1 Mitigation Conditions (5.3.2) B=2 Phasing, Timing (5.3.3) B-3 Financing Plan (5.3.4) B-4;Fees, Dedications (5:3.5) B-5 Master Plan & Permitted Uses (5.2) 32 Exhibit B-1 Mitigation Conditions (5.3.2) See the Following Reporting/Monitoring Record- Mitigation Measures 33 Mitigation Measures and Monitoring Geology and Soils Mitigation Measures The following mitigation measure from the CPSP EIR (13-4) is repeated below and will be applied to the proposed development plan. 1. A geologic report: shall be provided to the City of Petaluma Community Development/Building,Division prior to the issuance of any future grading/building permit. The geologic report shall describe potential hazards and identify engineering specifications necessary to reduce all ground failure risks to an acceptable level. If applicable based on a. determination by the City of Petaluma Building Division, the City may require a geotechnical engineer or engineering geologists certification that ground failure risks have been reduced to an acceptable.level. Air Mitigation Measures The following mitigation measures from the CPSP EIR (11-1 and 11-2) are repeated below and will be applied to the proposed development plan. 1. Where applicable, the following dust control measures shall be implemented by construction contractors during all phases of construction: Water all active construction areas at least twice daily. Pave, apply water three times daily, or apply (nontoxic) soil stabilizers on all unpaved access roads, parking areas and staging areas at construction sites. Sweep daily (with water sweepers) all paved. access roads, parking areas and staging areas at construction sites. Sweep streets daily (with water sweepers) if visible soil material is carried onto adjacent public streets. • Hydroseed or apply (nontoxic) soil stabilizers to inactive construction areas (previously graded areas inactive for ten days or more). • Enclose, cover, water twice daily or apply (nontoxic) soil binders to exposed stockpiles (dirt, sand, etc.) • Limit traffic speeds on unpaved roads to 15mph. • Replant vegetation in disturbed areas as.quickly as possible. 2.. Whereapplicable the following emissions control strategies shall be implemented by the developer as a component of the project development/ improvements. Where practical, the tenant and developer shall provide the necessary plans and/or improvements to achieve the goals set forth in Mitigation Measure 11-2 of the CPSP EIR. 34 Hydrology and Water Quality Mitigation Measures The following mitigation measure from the CPSP EIR (12-1) is repeated below and will be applied to the project development plan. 1. Prior to issuance of building/grading permits, the proposed development shall comply with all state, regional and City water.quality provisions and where required under adopted San Francisco Bay Regional Water Quality Control Board (RWQCB) regulations: (a) file with the RWQCB a Notice of Intent to comply with the Statewide General Permit for Construction Activities, (b) prepare and implement a project -specific Storm water Pollution Prevention Plan including an erosion control plan if grading is involved, (c) implement a monitoring, inspection, and documentation program to assure the effectiveness of control measures, (d) obtain or comply with existing General Stormwater Discharge Permit(s) for Industrial Activities, where applicable, and (e) comply with NPDES Phase II non -Point Discharge program. Noise Mitigation Measures The following mitigation measures 10-1 and 10-2 from the CPSP EIR are repeated below and will be applied to the project development plan. 1. An acoustical report, including warranted noise abatement specifications, shall be submitted along with the Building Plans during the Building Permit process. Noise control treatments shall be incorporated into the building permit plans to reduce environmental noise to an Ldn of 45 dBA or less inside habitable rooms within residential projects. Noise control treatments that would normally be sufficient given the identified levels of Specific Plan area noise exposures include sound -rated windows and doors, ,and force -air mechanical ventilation so windows may be kept closed at the discretion of the building occupants. 2. The noise related mitigation. measures listed in CPSP FEIR Mitigation Measure 10-2 shall be required of all development within the proposed project boundaries. Visual Quality and Aesthetics Mitigation Measures 1. The development plans for the proposed project shall comply with Chapter 4 of the CPSP as amended by Mitigation Measures 9-3 and 9-4. Prior to issuance of a demolition/grading/building permit, the project development plans shall adhere to the City of Petaluma Site Plan and . Architectural Review Committee•process. Transportation/Traffic Mitigation Measures While the project is not expected to generate any significant.impacts,'in addition to the recommended improvement discussed above, a number of improvements are being suggested to improve site circulation and reduce the effects of project traffic at near -by intersections. These improvements include: 1. The development, of a signage program for access and ingress/egress for the proposed garage, which would divert traffic to minor intersections and thus reduce the impacts of the garage traffic at major intersections 35 2. Posting signs, at the intersection of C and Second Streets to direct northbound traffic to B Street for access to Petaluma Boulevard. This will reduce traffic flows on C Street and improve the operations for,drop-off and pick-up area in front of the cinema entrance. 3. Direct traffic to access eastbound D'Street at both Second Street and First Street to encourage equal distribution of site traffic at these two locations. By distributing traffic between these roadways, the traffic queues which may occur on these streets to the north of D Street would not be concentrated at a single access point. 4. A traffic signal system shall be installed between Petaluma -Boulevard at D Street and D Street between 1St and 2"a Streets to allow for emergency Fire truck access to D Street. Cultural Resources Mitigation Measures 1. Under the guidance of Carey & Co. or such other historic expert as the City may determine, the Project applicant shall.be required to relocate the Livery Stable in a manner that will retain as much of the existing structure and exterior materials as -is reasonably possible. The new site for the Livery Stable is on property owned.by the City of Petaluma (McNear Peninsula) and it is proposed to incorporate the building into a master park plan that includes walking trails, interpretive centers and other "related amenities. The City has agreed to accept the building on its property. 2. Under the guidance of Carey & Co: or such other historic expert as the City may determine, the Project applicant shall be required to rehabilitate the existing warehouse building closest to "F" Street in a manner that will retain as much of the existing structure and exterior materials of the warehouse as is reasonably possible and that.is.consistent with -the plans attached to this Initial Study. In addition, the Project shall include a new, warehouse styleapartment building located on the vacant land between such warehouse and "F" Street consistent with the plans attached to .this Initial Study. 3. Under the guidance of Carey & Co. or such other, historic expert. as the City may determine, the developer shall install arr interpretative display on the side of the cinema building facing 2" Street that focuses on the history.of transportation and river commerce in'Petaluma, with a focus on the livery stable and the warehouses along the riverfront. 4. All recommendations for on-site monitoring as outlined in the Archaeological Evaluation prepared by William Roop of Archaeological Resource. Service (report dated April, 2003) shall be adhered to. 5. Mitigation measures as outlined in the CPSP EIR-Mitigation 7-1 shall be adhered to Mandatory Findings of Significance: IMPLEMENTATION: 1. The applicant, shall.he required to obtain all required permits from responsible agencies and provide proof of compliance to the. City prior to issuance of grading permits or approvals of improvement plans. 36 2. The applicant shall incorporate all applicable code provisions and required mitigation measures and conditions into the design and improvement plans and specifications for theproject. 3. The applicant shall notify all employees, contractors, and agents involved in the prof ect implementation of mitigation measures and conditions applicableto the project and shall ensure compliance with such measures and conditions. Applicant shall notify all assigns and transfers of the same. 4. The applicant, shall provide for the cost of monitoring of any condition or mitigation measure that involves on-going operations at the site or long-range improvements, such as archaeological resources, etc. MONITORING; 1. The Building, Planning and Engineering Departments and the Fire Department shall review the improvement and construction plans for conformance with the approved project description and all applicable codes, conditions, mitigation measures, and permit requirements prior to approval of a site design review, improvement plans, grading plans, or building permits. 2. Planning shall ensure that the applicant has, obtained applicable required permits from all responsible agencies and -that -the plans and specifications conform to the permit requirements prior to the issuance of grading or building permits. 3. Prior to acceptance of improvements or issuance of a Certificate of Occupancy, all improvements shall be subject to inspection by City staff for compliance with the project description, permit conditions, and approved development or improvement plans. CONSTRUCTION MEASURES; 1. The applicant shall designate a project manager with authority to implement all mitigation measures and conditions of approval and provide name, address, and phone numbers to the City prior to issuance of any grading permits and signed by the contractor responsible for construction. 2. Mitigation measures required during construction shall be listed as conditions on the building or grading permits and signed by the contractor responsible for construction. 3. City inspectors shall insure that construction activities occur with the approved plans and conditions of approval. 4. If deemed appropriate by the City, the applicant shall arrange a pre -construction conference with the construction contractor, City staff and responsible agencies to review the mitigation measures and conditions of approval prior to the issuance of grading and building permits. 37 Exhibit B-2 Phasing, Timing (5.3.3) The Theater District project may be constructed in up to four phases as follows: Phase A: 1. Private Improvements: The cinema and the parking garage (Parcels A & Q. 2. Public Improvements: Public improvements in public right of way on (a) "B" Street from Petaluma Boulevard to Second Street, (b) Second Street from "B" Street to "D" Street (excluding any work from back of curb .to building face on the Theater Square side of street), (c) First Streef from "C" Street to "D" Street, (d) "C" Street from Petaluma Boulevard to First Street (excluding any work from back of curb to building face on the Theater Square side of street), (d) "D" Street from Petaluma Boulevard "to First Street (excluding any work from back of curb to building face on the Theater Square side of street), and (e) Petaluma Boulevard from "B" Street to "D" Street (excluding any work from back of curb to building face on the Theater Square side of street). 3. Estimated Commencement Date: November 15, 2003. 4. Estimated Completion Date: November 15, 2004 Phase B: 1. Private Improvements: The riverfront office building, Parcel D (commonly referred to as the Bar -Ale site). 2. Public Improvements: Public improvements in�public right of way on First Street from "D" Street t6 approximately the edge of Bar -Ale property (if not previously constructed Mn connection with:Phase Q. 3. Estimated Commencement Date: May 1, 2004. 4. Estimated Completion Date: May 1. 2005 Phase C: Private Improvements: The riverfront residential apartments Parcel E (commonly referred to as the McNab site). 2. Public Improvements: Public improvements in public right of way on First Street from "D" Street to "F" Street (to the extent not previously constructed in connection with. Phase B). 3. Estimated Commencement Date: May 1, 2004. 4. Estimated Completion Date: November 1, 2005 Phase D: 1. Private Improvements. The residential/retail buildings on Petaluma Boulevard, Parcel B (commonly referred to as the Rose site). 2. Public Improvements: Public improvements in public right of way on (a) "C" Street from Petaluma Boulevard to. Second Street from back of curb to building face on the Theater Square side of street, and (b) Second Street from "C" Street to "D" Street from back of curb to building face on the Theater Square side of street, (c) Petaluma Boulevard from "C" Street to "D" Street from back of curb to building face on the Theater Squareside of street, and (d) "D" Street from Second Street to Petaluma Boulevard from back of curb to building face on the Theater _Square side of street. 3. Estimated Commencement Date: April 1, 2005. 4. Estimated Completion Date: December 1, 2006 The construction of the first portion of the°project shall include Phase A. Phases B, C and D may occur concurrently with Phase A, or in any order theteafte_r; either separately or together. At this time, the developer is anticipating constructing_ Phases B. and C concurrently with Phase A, but the ultimate decision will be driven by market conditions,pre-lease activity, and other factors. Similarly, the developer is also anticipating constructing.Phase D after Phases A, B and C have been completed, but the ultimate decision will be driven by market conditions, pre -lease activity, and other factors. 39 Exhibit B-3 Financing Plan (5.3.4) The estimated costs for public infrastructure required for the project are $7.6 million. Of this amount, according to the Development Agreement, the Petaluma Community Development Commission (PCDC) will pay $4.8 million of Basin Street's share of public infrastructure. The PCDC will also pay the balance of $2.2 million for the City share of public infrastructure, including construction and all project engineering, architectural, 'and project management/inspection costs. The following will summarize the project costs: PCDC Contribution for Developer Share of Public Infrastructure: $4.800 Million PCDC Contribution for-City.Share of..Public Infrastructure: 52.750 Million Total Estimated Public Infrastructure Cost: $7.550 Million PCDC Funds will be appropriated from Account 901-400-9016, Theatre District Project. Description of Public, Infrastructure Improvements & Scope of Work Location The work in the City's scope is geographically within the public right -of -way of 1st Street, 2°d Street, B Street, C Street, D Street and Petaluma Boulevard as bounded by Petaluma Boulevard on the west, B Sheet on the north, the Petaluma River on the east, and D Street on the south, including i.st Street .to the northerly right of way of the Thompson Creek. See "Petaluma Theatre District, Preliminary Phasing Plan" for mapping. This map includes the anticipated phasing of the work. Work The extent of public improvements including all improvements from back of sidewalk to back of sidewalk, including but not limited to upgrading and under -grounding utilities, reconstructing the streets and sidewalks, landscaping, lighting and street furniture. Specific items of work include but are not limited to: 40 CONSTRUCTION CONTROL • Contractor. mobilization • Traffic control EARTHWORK • Roadway & sidewalk excavation • Construction erosion control (SWPP) STREET WORK • Cross sections per Central Petaluma Specific Plan, where applicable • Bulb -outs and/or other comer treatment • Sub -base, base, as required • Track work • Curb & gutter, and valley gutters, if applicable • Surfacing & surface treatment (asphalt concrete, cobbles, brick) • Striping • Signals, if required, including all associates electrical. service • Traffic control specialized for fire station on D Street • Signage, standard and way -finding City Utilities including: STORM DRAINAGE FACILI`PIES • Lines • Inlets, catch basins, turning structures • Outfalls • Post construction storm water pollution control • Service laterals to the back of sidewalk SANITARY SEWER FACILITIES • Mainline • C Street sewer pump station improvements, if required • Service laterals to. the back of the sidewalk WATER FACILITIES • Main line • Service laterals to the back of the sidewalk for domestic and fire service OTHER FACILITIES • Undergrounding electric • Undergrounding telephone • Conduit for cable and other future communications • Gas main & service laterals to the back of the sidewalk • Street lights, Downtown Master Plan design • Electrical outlets at trees • Retaining walls, if required • Railings at retaining walls, if required 41 • Ramps and stairs where required LANDSCAPING • Irrigation • . Trees & tree well features • Potted plants • Benches • Trash cans • Bike bollards • News racks • Street terminus features & improvements at C Street & I sc Street Exclusions This scope does not include the following • Archeological or hazardous material remediation in excess of $50,000 • Water meters and laterals to back of sidewalk • Fire detection, development landscape irrigation and other building -related water devises • PG&E Substation relocation • Thompson Creek"bridge. • Major post -construction storm water pollution control devises Construction Costs Estimated construction costs and quantities' of items listed above are summarized in Exhibit B -3a. 42 Central Petaluma Specific Plan Implementation / CBD Area City of. Petaluma Economic Development & Redevelopment (EDR) Estimated Costs OPINION OF PROBABLE CONSTRUCTION COSTS SUMMARY A. CONSTRUCTION CONTROL B. EARTHWORK C. STREETWORK.(IN PLACE) D. STORM DRAINAGE FACILITIES (IN, PLACE) E. SANITARY SEWER FACILITIES (IN PLACE) F. WATER FACILITIES G_ OTHER FACILITIES H_ LANDSCAPE ITEMS L C ST & 1 ST STREET PARKS SUBTOTAL CONSTRUCTION COST + CONSTRUCTION CONTINGENCY TOTAL CONSTRUCTION COSTS A. CONSTRUCTION CONTROL B. EARTHWORK C. STREETWORK•(IN PLACE) D. STORM'DRAINAGE FACILITIES (IN PLACE) E. SANITARY`SEWER FACILITIES (IN PLACE) F. WATER FACILITIES G. OTHER FACILITIES H. LANDSCAPE ITEMS I. C ST & 1 ST STREET PARKS SUBTOTAL CONSTRUCTION COST + CONSTRUCTION CONTINGENCY TOTAL CONSTRUCTION COSTS 15% Project # 9016 j{ I Original Date: 7 -May -03 Revision Date: 27 -Jun -03 prepared by: JC1ark/Program Manager TOTAL COST $182,600.00 $201,144.30 $1,542,676.85 $210,500.00 $231,400:00 $211,730:00 $1,486;001.00 $1,127,670.00 $200,000.00 $5,393,722.15 $809,058.32 $6,202,780.47 Costs PHASE A Costs PHASE B Costs.PHASE C Construct 15Nov03-15NovO4 Construct 01 May04-01 May05 Construct 01 Mag04=01 May05 $99,500:00 $6,250.00 $22;850.00 $114,121.10 $7,688:50 $32;660.00 $838,534.85 $80,226.40 $345;033.00 - $102,220:00 $16,280:00 $65,000.00 $153,050.00 $11,050:00 $50.800.00 $120,464.00 $18,066:00 $61,200.00 $926,754.00 $55,977.00 $205;100.00 $566,385.00 $31,070.00 $29,250:00 $0.00 $0.00 $0.00 $2,921,028.95 $226;607.90 $811,893.00 15% $438,154.34 15% - $33,991.19 15% $121,783.95 $3,359,183.29 $260 i ,599.09 $933;676.95 Phases A, B, C, D Total $4,966,242.28 3 Exhibit B -3a Costs PHASED City Improvements Const 01Apr05-01 Dec06 Construct 15Nov03-14Nov04 $6,500.00 $47,500.00 $27,009.70 $19,665.00 $63;162.00 $215;720.60 $8,000.00 .$19;000.00 $0.00 $16,500:00 $0.00 $12,0.00':00 01,200.00 $206,970.00 $163,070.00 $337,695.00 $0.00 1200,000..00: $358,941.70 $1,075;250.60 15% $53,841_.26 15% $161,287.59 $412,782.96 _ $1,236,538.19 Central Petaluma Specific Plan Implementation I CBD Area Project # 9016 !i S i Economic Development & Redevelopment (EDR) d raft i Estimated Costs prepared by: JClark/Program Manager June 25, 2003 -Theatre.District infrastructure Improvements (Basin Street Properties project) 15% Construction Construction Construction Schedule Costs Contingency Total Estimated Phase A 15Nov03-15Nov04 $2,921,029 $438,154 $3,359,183 Estimated Phase B 01May04-0lMay05 $226,608 $33,991 $260,599 Estimated Phase C 01May04-01Nov05 $811,893 $121,784 $933,677 Estimated Phase D 01Apr05-01 Dec06 $358,942 $53,841 $412,763 Sub -total BSP -related work $4,966,242 Phases A -D only Estimated'City Improvements 15Nov03-15NovO4 $1,075,251 $161,288 $1,236,538 Total incl City Improve $4;318,472 $647,771 $4,966;242 Otherinfo 7114 7112 Construction 7108 Design 7106 EDR Continaencv 7113 Costs (incl 7111 Const jinclAdsion EDR Proi Mar Proiect Le kc 'Community 7105 General contiinaencvJ Mqmt continaencvJ FYE Manaaer Cost 7109 Legal construction). Outreach Fund'Overhead Totals Total Curb to Curb to Curb Curb to Curb Curb Admin & months Construction Admin & Enara, Engrg 02I09FY - design'only 3 $50,000 0.00 $0 $50,000 $0 $50,000 02/03 03/04FY design:4 construct 12 $5,137,678 $256,884 $530,000 1.00 $120,000 $100,000 $_256,884 $6,144,562 03/04 $2,055,071 $822,029 $2,877,100 04/06FYconstruction 4 $1,065,102 $53,255 0.33 $40,000 $53,255 $1,158,35704/05 $319,531 $159,765 $479,296 totals, _ 19 $6,202,780 $310,139 $580,000 $160,000 $50,000 $100,000 $0 $310,139 $7,352,919 City Project Manager. TBD $120,000 per year $0 $0 Additional Costs if Construction Administered (Bid & Constructed) by City 7106 City FY Admin 7105 Overhead $97,939 02/03 $391,755 $2561'884 03/04 $130,585 $53;255 04/05 $620,278 $310,139 1 ( Central,Petaluma Specific Plan Implementation / CSD Area Project # 9016 Exhibit B -3a Economic Development & Redevelopment (EDR) Owner Participation Agreement Exhibit B -3a prepared by: JClark/Program Manager June,27; 2003 i Theatre District Infrastructure Improvements i (Basin Street Properties project) 15% Construction Construction Construction Schedule Costs Contingency Total Basin Street Properties Share City Shar Estimated Phase 15Nov03-15NovO4 $2,921,029 $438,154 $3,359,183 Estimated Phase B 01May04-01May05 $226,608 $33,991 $260,599 Estimated Phase C 01May04-01Nov05 $811,893 $121,784 $933,677 Estimated Phase D 01Apr05-01Dec06 $358,942 $53,841 $412,783 Subtotal BSP -related work $4,966;242 Basin Street construction costs: phases A -D Estimated City Improvements 15Nov03-15Nov04 $1,075,251 $161,288 $1,236,538 $1,236,538 Construction cost: Total incl City Improve $4,318,472 $647,771 $4,966,242 $3.10,.139 7111: Const Manal ($451,000) Basin Street Landing & Town Center offsite improvements $580;000 7108: Design ($175,000) F.irestation traffic control signal $160,000 7106: Project ($150,000) Building setback at 3 feet $50,000 7109: Legal $4,190,242 Net Basin Street (incl 15% contingency) $100,000 7114: Other Contic $609,758 Super Contigency $310,139 7105: Gen Fund O $4,800,000 Total PCDC Construction Contribution $2,746,816 Total City Costs $7,546,816 7114 7112 Construction 7108_Desian 7106 EDR Contingency 7113 Costs (incl 7111 Const (incl design EDR Proi Mqr, Pro ectexr_I Communitv 7105 General continnencv) Mamt continaencv) FYE Manaaer Cost 7109 Legal construction), Outreach Fund Overhead Totals months 02103FY - design only 3 $50,000 0.00 $0 $50,000 $0 $100;000 03)04FY design & construct12 $5,137,678 $256,884 $530,000 1.00 $120,000 $100,000 $256,884 $6,401,446 04/05 FY construction 4 $1,065,102 $53,255 0.33 $40,000 $53;255 $1,211;612 totals 19 $6,202,780 $310,139 $580,000 $160,000 $50,000 $100,000 $0 $310;139 $7,713,059 City Project Manager cost per yea $120,000 Exhibit B-4 Fees, Dedications (5.3.5) With respect to any building permit application made within three (3) years following the effective date of this Agreement, Developer shall pay City of Petaluma impact fees in effect on the date the City Council approved this Agreement. For any building permit application made after such three-year period, the impact fees in effect on the date of the application shall apply. 43 Exhibit B-5 Master Plan and Permitted Uses (5.2) DEVELOPMENT PROPOSAL The proposed project is located within the downtown of the City of Petaluma. The subject parcels of the proposal are also located within the boundaries of the Central Petaluma Specific Plan (CPSP). Portions of the subject parcels are also located within the Downtown Historic District. The subject properties are either paved or contain buildings that may be removed, moved or saved. Parcel A: The subject property, which is the proposed location of the cinema site, is .at Petaluma Boulevard South, "C" and 2nd Streets. The parcel is currently developed with an existing building and associated paved parking. The property is the site of the former Victory Chevrolet. The existing building is currently being renovated for commercial type uses. A portion of the existing structure is proposed to serve as an addition to the proposed theater. The subject parcel is surrounded by other commercial uses and is adjacent (east) to a new mixed - used (residential/commercial) building under construction. Parcel B: The subject parcel for the proposed mixed-use "(residential/commercial) building located at Petaluma Boulevard South, "C", "D" and 2»a Streets is currently developed with an auto body shop, auto -detailing shop, and is the location for continuing education classes for adults. The subject parcel is developed with associated parking for the current uses and contains 5 buildings, all of which are to be demolished. The Petaluma Fire Station is to the east of the subject parcel, a vacant parcel is to the south across "D", and other commercial uses are in the area. Parcel C: The proposed parking structure/commercial building to be located at "D", 2na, 1 st and "C" Streets is currently developed with an existing livery,stable (corner of "D" and 1St), which is to be."relocated, the trucking scales and small scales building, which is to be demolished. 'The Petaluma Fire Station (corner "D" and '2"a Street) is adjacent to the proposed parking structure. There is currently under construction a mixed-use (commercial/residential, Basin street Lofts) structure to the north of the subject parcel. Parcel D: The proposed office building, to be located at 1 st and "D" Streets is the former Bar Ale site, which burned down. This subject parcel is located adjacent to the Petaluma River (east), and north of the PG & E Substation: The parcel is nearby commercial/industrial uses. Industrial uses are east of the Petaluma River. Parcel E: The proposed mixed-use (residential/commercial) project on 1St (between 1St and "F" Street), is located adjacent to the Petaluma River, which is east of the subject parcel. The site is located near commercial/industrial type uses and is developed with old 44 metal warehouses. With the exception of one of the metal warehouses, all are to be demolished (see Attachment D, Location Map). Parcels A-E: The proposed project (referred to as the "Petaluma Theater District") will be a mixed-use project within existing Downtown Petaluma. The subject parcels are generally between "B", '"C", "D", I", 2nd, and "F" Streets, .Petaluma Boulevard and the Petaluma River. The subject parcels are within the boundaries of the Central Petaluma Specific Plan (CPSP). Basin Street Properties (the project developer) is requesting approval of a Development Agreement (DA) and an Owner Participation Agreement (OPA) with regard to the project. These agreements govern, among other things, the timing of the development of the project, funding and other obligations with Basin Street Properties, the City of Petaluma and the City of Petaluma Community Development Commission (PCDC). The project proposal includes an amendment to the City's Zoning Ordinance that would establish a designated area in the city where movie theaters are permitted. The main focus of the mixed-use proposal will include a new 12 -screen cinema and parking structure. Other uses within the proposal would allow for: national and local retailers; restaurants focusing on both daytime food service as well as evening fine dining; office space; and, residential uses in the form of apartment and loft style housing. Below is a specific .description of each of the blocks to be developed within the proposed ,project boundaries: Theater (Parcel A) A new 12 -screen, 1,400 seat theater building located on the south side of Basin Street Town Center (formerly Victory Chevrolet) at the intersection of "C" Street and Petaluma Blvd. The concessions and.lobby for this new theater will be accessed directly from "C" Street. Size: 22,720 square feet, 12 -screen, 1,400 seat Height: 30 feet, equivalent height of 2 -story building Theater Square (Parcel. B) A new mixed-use project on the corner of Petaluma Blvd. and "D" Street (former Autoworld site) consisting of 46,000 square feet of ground floor commercial space facing "C", Petaluma Blvd., "D" and 2 Street and 76 residential units on the second and third floors. The proposal includes the removal of all of the existing buildings on the site. Size:. 46,000 square feet ground floor commercial space 76 residential units on 2nd and 3'd floors Height: 38 to 40 feet, 3 -story buildings . 45 Garage (Parcel C) A new parking garage on the site surrounding the, Fire Station consisting of 4 suspended levels, of parking over 30,000 s.f of ground floor commercial space. The ground floor space will face, and provide commercial building frontage along lst, 2" a "C" and "D" Streets. The proposed development will require the removal of the existing truck scales and scales,building. In addition, the existing livery stable at the corner of 1St and "D" Street, is proposed to be relocated from its present location to a.site that is approximately 1,000 feet away on the east side of the Petaluma River. Commercial Space Ground Floor: 30,000 square feet (office, retail or commercial) Height: 4 suspended levels at 50 feet; equivalent height of 3 -story building Total Parking Spaces: approximately 530 216 Free Public Parking Spaces 143 Reserved Residential Parking Spaces 171 Reserved Commercial Parking Spaces 530 Total Basin Street Properties will operate the Parking Garage seven days per week from 6:00 a.m. to 2:00 a.m. Basin, Street Properties will ensure that the Parking Garage is at all times maintained in good condition and perform all necessary repairs and maintenance at its sole expense. Waterfront Building (Parcel D) A new 49,909 square foot 3 -story riverfront commercial -building located on the former Bar Ale building site at the comer of 1St and "D" Streets. The architectural styling of this new building will be reminiscent of the former metal warehouse building that was formerly located on this site. Size: 49,909 square feet Height: 53 feet, 3 -story building Amenities: Riverfront path improvements with public connections to "D" Street and along River River Row Apartments (Parcel E) A new Ill -unit riverfront apartment complex on 1St Street between "D" and. "F" Streets. This new development will include the rehabi'litati'on and adaptive re -use of an existing warehouse (the one closest to "F" Street. Size: 111 dwelling units 46 9,000 s.f. Rehabilitated warehouse Height: 3 -story buildings between D and E Streets; 4 -story buildings between E and F Streets Amenities: New public access to and along the River in addition to a new public open space area at the terminus of "E" Street adj acent to the River. Master Plan Attached is the Master Plan for the Petaluma Theater District Project. Final DA 11/3/03 630376v11 47