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HomeMy WebLinkAboutOrdinances 1895 07/20/1992 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 ~~~ ~. 9 ORDINANCE NO. 1895 N.C.S. Introduced by Councilmember Lynn Woolsey Seconded by Councilmember Vice Mayor Cavanagh AN ®RDIN.~NCE ®F THE CITY ®F PETALUMA APPR®VING AMENDMENT N®. 2 T® THE REVEL®PMENT AGREEMENT I3ETWEEN THE CITY ®F PETALUMA AND MCI3AIL C®MPANY F®R THE DEVELOPMENT KN®WN AS THE GRAY PR®PERTY (F®RMERLY GLENI3R0®K N®RTH) BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PETALUMA AS FOLLOWS: Section 1. The City Council hereby .finds that the provisions of the Amendment to the Development Agreement between the City of Petaluma and McBail Company, a copy of which is attached hereto as Exhibit 1 and incorporated herein by reference, is consistent with the General Plan, Corona/Ely Specific Plan, and other applicable plans, policies, ordinances, and regulations of the City of Petaluma. Section 2. The City Council hereby approves the terms and conditions of said Amendment. Section 3. The Mayor or City Manager of the City of Petaluma is hereby authorized and directed to sign Amendment on behalf of the City of Petaluma. Ord. 1895 NCS 1 C~ Z r~ ,K _. ~fY T -}~~' ~. .~ 1 IF ANY SECTION, subsection, sentence, clause or phrase or word of this Ordinance is for 2 any reason held to be unconstitutional by a court of competent jurisdiction, such decision 3 shall not affect the validity of the remaining portions of this ordinance. The City Council of 4 the City of Petaluma hereby declares that it would have passed and adopted this ordinance 5 and each and all provisions thereof irrespective of the fact that any one or more of said 6 provisions be declared unconstitutional. 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 INTRODUCED and ordered Posted/Published this stn day of July 1992. ADOPTED this 20th day of July , 1992, by the following vote: AYES: Read, Davis, Nelson, Vice Mayor Cavanagh, Mayor Hilligoss NOES: None ABSENT: Woolsey, Sobel ABSTAIN: None ATTEST: ity er gray2 / council8 APPRO Ord. 1895 NCS 2 AS TO FORM: _ ~ ~ 1°py' O ls" P ETA LU A~ I~. ~' ~' ~~ 6.l; AMENDMENT 'NO . 2 TO DEVELOPMENT AGREEMENT P~I-LU1, CA. g4g~~ R^~?~~~ ~B~ 0 ~ BY AND BETWEEN .THE ,,~~~• n 9~`~Ij J~ N ' S 993 CITY OF PETALUP4A AND McBAIL COMPANY ` ~ ~ ~ 3RMED COPY FOR THE. °DE~IEIORMENT KNOWN AS i c,OMPARED a ~ ~ w' iTH 01'iIGINAL ~~ ~ ~ .w ~ THE; • GRAY PROPERTY ONOf1flA COUNTY ll9! ~ ~~,~~ A.P.N. 137-070-0.6~ 07 08 10 AND 11 ~~~~ ~~ Z""~~~ ' 'This Amendment No. 2 to Development Agreement is entered ~; ~ ~~ ~. into this day of C~ ~ by and between the City of Petalu ("City") -municipal corporation, and McBAIL COMPANY'("Developer"). R E C I T A L S°~= ~A. On March 19, 1.990 the City of Petaluma ("City") and ~~`_ G AlcBail Com an p y ("Developer01) entered into a Development Agreement under the authority of .Section '6'5864 through 65869.5 ~ of the ~rr Government:.Code.(.'"the~Development Agreement"). B. On February 8, 1991, the. real property described in C the Development,Agreement was annexed to the City satisfying -, condition 9.8(.2) of the Development Agreement. On January 16, 1990, City crseated, City of Petaluma, Corona/Ely Special Assessment District No. 21 (the ".Assessment District") in order to pay for and construct the infrastructure and, other,•public .. improvements necessary to serve Developer`°s property; thereafter the As es went .Dstr''ict solid bonds in the .amount-' of $,16, 120,'000.00, on July 15, 1991, satisfying condition 9.8 (.3) of the Development Agreement. C. All conditions in paragraph 9:-8 ;of the• Development . 1 ~ ~ ~~c l AMENDMENT . 2B (7D) ~-~ ~~. 1 8 9 ~ C 07/07/.92' • Agreement have been.' atisfed and the 'Development Agreement became ef'fe~ctve. on .Judy 15,. 199:1. - - D: ~ City and' -'Developer' desire to amend the Development ~. ~-Agreement as provided below. - -NOW, THEREFORE',; the Development agreement is amended as follows,• I".. Paragraph, 5. 1. of the Development Agreement is amended. to read. as follows.: ~.5.1 Fees. All other development fees shall be the amount determined from time 'to time by the City' Council for appleat-ion to the City as a whole. A . schedule ~of the fees in effect on the date of this Agreement is attached as Exhibit 4' (brochure entitled 11,Special Development` Fees1t) . to- this Agreement, as amended :from time to time. -C'ty may increase existing fees, including traffic mitigation fees, or impose fees in addition -to those in Exhibit 4 (including traffic impact fees) as long as, but only if, those fees are normally "required to be paid by developments on a ' cityurde basis. SI. Par-.agraph .5,.3 ~s added to the Development Agreement ~to read as follows: - - 5.'3-- Traffic Mitigation 'Fees:' Developer further agrees to pay to-City traffic mitigation fees .for each dwelling unit constructed on 'the -property in the. -. amount. provided in Ordinance. No. 1837NCS and AMENDMENT . 28 .(7D') o~/.'0./92 z ~ -~ a3~~ ~~.18 9..N C ~S Resolution No. 91-45NCS or as amended. or superceded by subsequent ordinances or resolutions. The°time for paying traffic mitigation fees shall be as set forth in this Agreement:. The ,foregoing notwithstanding, the Developer agrees that it shall have paid to City on or before July 15, 19.94, which is three years following sale of City of Petaluma, Corona/Ely Special Assessment District No. 21 bonds, its proportionate share of $1.5 million. in traffic mitigation fees (the "proportionate share").. The sum of $1 ..5 million is the amount the Developers named in the following schedule had agreed to advance to the City for traffic mitigation measures made necessary by those Developers' projects. Developer's proportionate share shall be. determined by multiplying the percentage shown for Developer in the following schedule times $1.5 million dollars. In addition, Developer shall pay interest on the amount of its unpaid proportionate share described above on or before January 15 of .each year after the date of this Agreement Interest shall accrue from July 15, 1991. .The interest rate shall be 7.6389$ which. is the net interest rate applicable to the City of Petaluma, Corona/Ely. Special Assessment District No. ~21 ;bonds,. Interest shall be calculated monthly on the declining unpaid balance of the Developer's .proportionate share. _ ~ . 3 ~~a3g i AMENDMENT.,2B (7D,) o~/0~'/~92 ~,~~~.18 9N C S Developer's proportionate share shall be reduced dollar-fo.r-dollar for each dollar of traffic mitigation fees it pays to City out of the close of escrow for sales of individual dwellings or commercial construction as provided in Ordinance 1837NCS and Resolution 91-45NCS as amended or superceded. If on July 15, 1994, Developer's proportionate share of the $1.5 million remains unpaid, Developer °shall thereafter pay at each close of escrow for sales of individual dwellings or commercial construction on the property an amount equal to one hundred fifty percent (150$) of the traffic mitigation fee otherwise due until Developer's proportionate share is paid in full. Developer's obligation to pay traffic mitigation fees shall not .exceed the amount determined by multiplying the total number of dwelling units actually constructed by Developer under this Development Agreement by the traffic mitigation fee established by Ordinance 1837NCS~and Resolution 91-45NCS as amended or superceded or Developer's proportionate share, whichever is greater. Schedule Sonoma- Parkway Company Mc8a1 Company Cherry Lane~Assocates Cader Farms Investors Quaker Hill Blackburn B-T Land Development, Inc. TOTAL AMENDMENT.2B (7D) 07/07/92 37.26$ 26.30$ 12.47$ 4.'75$ 9.81$ 9.41 100.00$ 4 ~ '~~$ ~~~r.~89~NCS ZI.I. Paragraph 5.4 is added to the Development Agreement to .,read as follows: 5.4 Proceeds- from Bond Sale. Subject to the requirements of state law and. the enabling resolution adopted by the City Council on January 16, 1990, the parties agree the proceeds from sale of bonds by the City of .Petaluma, Corona/Ely Special Assessment .District No. 21~(the "assessment district") shall be used for the following purposes in the following priority:' a. To pay the costs of forming the assessment distr-ict, selling the bonds, interest, and other costs of administration; b. To pay the cost to construct the improvements described in the Official Statement adopted by the assessment district, including - reinibursement of up front engineering and formation costs paid by Developer; ' c. If funds remain, to pay to the extent possible the cost of improving (including design, plan check, inspection, supervision, and other associated costs) Ely Road between Corona Road and the boundary ,of the assessment district according to plans and specig~ications approved by City; d. If funds remain, to pay to the City of Petaluma to the extent possible traffic mitigation fees 5 I AMENDMENT . 2B ( 7D) ~ ~ ~ ~g 07/0:7/92 ~,.. 89~N CS ~'~~~.1 ,\ in an amount not to exceed $1.5 million; e. If funds remain, to retire or to call bonds issued by the assessment district in the same proportion as the bonds were spread. IV. The Participation Schedule attached to the Development Agreement as Exhibit 3 shall be changed. to read as follows: Exhibit 3 ' Participation Schedule Name Assessment Number ~ Percentacie Sonoma Parkway Company McBail Company Cherry Lane Associates Cader Farms~Investors Quaker Hill Blackburn 6A, 6B,. 6C, 17 1, 2, 3, 4, 5, 7 36.85$ 26.01$ 12.33$ -4.70$ 9.70$ 1.11 0.49 100.00$ 8 Part of 9, 10, 11, 12, 15 Part of 9_,,:10, 11, 12, 15 Other (not parties to this Agreement.) Baptist Church 18 TOTAL V. Because commencement of construction on Developer's Property has been delayed by circumstances beyond the control of the parties, the parties agree to amend paragraph 1.2 to read as follows: ~~ 1.2 Term; Life of Tentative Map and SPARC Appr--ovals. The term of this Development Agreement shall .commence upon the effective .date of the ordinance approving this Development Agreement and shall continue until March- 19, 199.9. The statutory .life of tentative 6 AMENDMENT.2B (7D) ~ ~~~ I 07/o7/9a ~R~.1 8 9~ N C S .maps filed. on the property affected by this Development Agreement may be shorter than the time necessary to implement those tentative maps fully. Accordingly„ City and Developer agree pursuant to Government Code Section 66452.6(a) that tentative maps affecting property described herein shall be effective from the date the Petaluma City Council approves them until Marsh 19, 1999. The parties further agree that all approvals .by the City of Petaluma Site Plan and Architectural Review Committee (°1SPARC") for projects shown on approved tentative maps shall be effective for . the life of the approved tentative map and any final map recorded for any part of the approved tentative map. VI. Paragraph 10 is added to the Development Agreement to read as follows: 10. Ely Road Improvements. The parties agree the reach of Ely Road between Corona Road and the boundary of the City of Petaluma, Corona/Ely Special A ~sessment District No. 21 ("the Ely Road impro~emenfs") shall be constructed using proceeds from the sale of Assessment District bonds according to the plans and specifications approved by City. Developer agrees to cooperate .with the Developers identified in Exhi-bit 3 to this .Development Agreement to employ the services of. MacKay &- Somps to prepare plans, 7 AMENDT~IENT.2B ('.7D) 07/07%9.2• ~- a3g ~ ~~a~.18 9~ 1V C S specifications, estimates, and- other documents necessary to permit construction of the Ely Road improvements.- Developer's cooperation shall include . payment of its fair share of the cost of such services, • as that fair ~ share shall be determined by the Developers named in Exhibit 3 of this Development ` Agreement. City agrees that the cost of designing and engineering the Ely Road improvements shall be eligible for .,reimbursement. The. parties intend the entire cost of th'e .ETy Road improvements (•including design, plan check, inspection, supervision, and other associated costs] shall be paid from proceeds from the sale of ' bonds of the Assessment District. If th'e .bond proceeds are~not sufficient to pay the estimated cost of the Ely Road improvements, Developer shall elect within 30 days after written notice of the insufficiency: from the City of Petaluma's Director of Finance either a) to pay within. 45 days after its election the difference between the estimated cost of the Ely Road. improvements and the estimated amount of bond proceeds avai-lable for that purpose, or b) to postpone its contribution until it is required. to construct all or such • portion of the Ely Road improvements by~ the terms of Developer's tentative map for development~of property owned by Developer adjacent to or dependant-upon the-reach of Ely Road described above. City's Director of Finance and the 8 ' AMENDMENT. 2B (7D) .. -~ a?jg o~/0~/9:2 ~~~.18 9~N CS City Engineer shall estimate the above amounts at the time the bid referenced above is considered by the City. If Developer elects option b), the Assessment District shall hold and reserve the funds available to construct the Ely Road improvements until Developer has advised the City of Petaluma's Finance Director in writing it is. prepared to deposit with the Assessment District funds sufficient to permit the Assessment District to complete the Ely Road improvements. Upon receipt of the funds from Developer, the City of Petaluma shall cause the Assessment District to commence the Ely Road improvements-and pursue them to completion in the manner and following the procedures required by law. The parties shall make reasonable efforts to enable .the Assessment District to commence the Ely Road - improvements before December 31, 1992; however, failure to do so shall not affect any' obligation or right described in the Development Agreement. If the f unds reserved for the Ely Road improvements held by the Assessment District are not expended within a reasonable time after the date of this Amendment, the remaining construction improvement fund's shall be paid out as provided in paragraph 5.4. For purposes of this paragraph, a "reasonable time" shall not be less than three (3) years from the date of AMENDI~TENT.2B (7D) 07/.07/92 ~ ~,3~ ~ 0~~.18 9~ N c S this. Amendment if not inconsistent with the legislation which created the Assessment District. VIZ. Paragraph 3.2.5 of the Development Agreement is amended by adding thereto the following sentence: • "3.2.5 Developer shall not be required to apply for, nor to pay additional fees for, allotments as otherwise required by Chapter 17.26 of: the Petaluma Municipal Code. Developer shall not be subject to any process of selection nor to any discretionary authority of the City Council under Chapter 17.26 of the Petaluma Municipal Code." VIIT~.~ All other terms and conditions of the Development Agreement as amended shall remain in full force and effect. Executed the day and year first above written. CITY OF PETALUMA A Municipal Corporation By City Manager ATTEST: BY City Clerk ~ _ ~ ~~ DEVELOPER: McBAIL COMPANY, a California general ~partners~ip 10 AMENDMENT.2B (7.D) ~~'~. 18 9~ N C S'~a~$ 0`7/07/92 APPROVED BY:' By - ~ ~-z-~-- Ri k Manager .ACKNOWLEDGMENT n i CC §1181 (7) STATE OF CALIFORNIA ) COUNTY OF'SONOMA ) On this 13th day of danuar}~ , in the year 1993 , before me; Paulette Lyon, Deputy City Clerk, City of Petaluma, personally appeared Michael. Gallaher personally known to me {or proved to me on the basis of satisfactory evidence) to be the person that executed this instrument, on behalf of the Partnership and acknowledged to me that the Partnership executed it. Seal Paulette Lyon, Deputy ty Clerk ~~~ City of Petaluma, California CC §1181 STATE OF CALIFORNIA) COUNTY OF SONOMA) ~j ACKNOWLEDGMENT On this On this day of , in the year 19 ,before me, Paulette Lyon,. Deputy Ciry Clerk, City of Petaluma, personally appeared John L. Scharer personally .known to me to be the person who executed this instrument as Ciry Manager of the Ciry of Petaluma and acknowledged to me that the City of Petaluma executed it. Seal Pau ette yon, ep i C er ~ ~ 3~ . Ciry of Petaluma, Cali ornia '` Ar:. .~ ~~`.'`K '~»~X 61 ~9E'T: ~•= . _ .:~>a. CA 94953 ~ R ~ ~~ Y S~~ D~v~J..aPM~n1r AQR~~,M1~NT' O. R. 4o-oai oi~ 3-as~9o D• R. 9 a- iz3sa 8 to--~ ~ a~~ I ~r~~.1 8 9 N C S