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Home My WebLink About2024-12-03; City Council; Resolution 2024-269RESOLUTION NO. 2024-269 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, DECLARING EXCESS CASH IN THE RANCHO SANTA FE ROAD PROJECT FUND AND AUTHORIZING A FINAL REFUND OF EXCESS FEES TO ALL FAIR-SHARE AGREEMENT HOLDERS WHEREAS, the City of Carlsbad City Council, required the funding of Rancho Santa Fe Road and Olivenhain Road ("Project") be guaranteed prior to any development in the area bounded by Local Facilities Management Zones 11, 12 and portions of6; and WHEREAS, the City Council has previously approved Fair Share Agreements with the property owners listed in Attachment A allowing for the prepayment and/or payment of fees ·to be assessed under Project as an acceptable form of financing for the Rancho Santa Fe Road Projects; and WHEREAS, the Project improvements have been completed and all the agreement holders listed in Attachment A have now paid their fair share of the costs associated with the Project pursuant to the Fair Share Agreements; and WHEREAS, surplus Project cash of $1,223,234.47 currently exists in the project fund in part because the city secured federal funds for the Project not anticipated in the original funding plan; and WHEREAS, the surplus Project cash is now eligible to be refunded to all the agreement holders listed in Attachment A, per the final fee refund listing as shown in the attached Attachment B. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That remaining funds of $1,223,234.47 is declared as excess cash of the Project. 3. That the City Manager, or designee, is authorized appropriate $1,223,201.56 to the Rancho Santa Fe Road Project Fund for the final Rancho Santa Fe Road fee refunds. 4. That the final fee refunds in the amount of $1,223,201.56, or $296.62 per equivalent dwelling unit, listed in Attachment B to the individual agreement holders listed in Attachment A, are approved for distribution. 5. After final fee refunds are issued, the City Manager, or designee, is authorized to transfer $32.91 to the General Fund in order to bring the fund balance of the project fund to zero, thereby closing out the project fund. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 3rd day of December, 2024, by the following vote, to wit: AYES: NAYS: ABSTAIN: ABSENT: BLACKBURN, BHAT-PATEL, ACOST, BURKHOLDER, LUNA. NONE. NONE. NONE. KEITH BLACKBURN, Mayor SHERRY FREISINGER, City Clerk (SEAL) Rancho Santa Fe Road Project-Final Fee Refund Eligible Party List PROJECT NAME PROPERTY OWNER OF RECORD California Pacific Homes (CT 85-9) California Pacific Homes 38 Executive Park, Suite 200 Irvine, CA 92614 Centex – Sonata/Tierra Santa (CT 90-4) Centex Homes 2 Technology Irvine, CA 92618 Centex – Santa Fe Trails/Rice Property (CT 85-10) Centex Homes 2 Technology Irvine, CA 92618 Centex – Rancho Verde (CT 89-18) Centex Homes 2 Technology Irvine, CA 92618 Greystone Homes – Park View West (CT 85-15) Lennar Homes 25 Enterprise Aliso Viejo, CA 92656 Arroyo La Costa – Units 1 & 2 (CT 88-03) Real Estate Collateral Management Company C/O Morrow Development Attn: Fred Arbuckle 970 W. Broadway, E-461 Jackson, WY 83001 Southwest/Arroyo (CT 88-03) Real Estate Collateral Management Company C/O Morrow Development Attn: Fred Arbuckle 970 W. Broadway, E-461 Jackson, WY 83001 Meadowlands (CT 85-19) Darby Creek/Carlsbad, LLC Jenna Group, Inc., Member 3101 Villa Way Newport Beach, CA 92663 Keystone La Costa (CT 96-04) Gary S. Copson, Trustee of the Gary S. Copson Family Trust U/D/T 3/29/00 As liquidator of Keystone Communities, LLC 302 Washington St. #137 San Diego, CA 92103 LB/L Concordia (CT 98-02) 50%: Concordia Communities, LLC 1959 Palomar Oaks Way, Suite 150 Carlsbad, CA 92011 50%: LB/Lakeside Capital Partners, LLC 3500 West Olive Ave., Suite 650 Burbank, CA 91505 Shelley – Unit 1 (CT 90-03) 50%: Kathryn DuVivier and 50%: Charles DuVivier P.O. Box 230638 Encinitas, CA 92023-0638 Attachment A Dec. 3, 2024 Item #8 Page 6 of 9 Rancho Santa Fe Road Project-Final Fee Refund Eligible Party List (Continued) PROJECT NAME PROPERTY OWNER OF RECORD Shelley – Unit 2 (CT 90-03) Agda B. Shelley Executor of the Estate of Daniel T. Shelley P.O. Box 7294 Rancho Santa Fe, CA 92067 Shelley – Unit 3(CT 90-03) Agda B. Shelley Executor of the Estate of Daniel T. Shelley P.O. Box 7294 Rancho Santa Fe, CA 92067 Continental – Unit 4 (CT 90-03) Continental Residential, Inc. C/O DR Horton 1021 Costa Pacifica Way, #2107 Oceanside, CA 92054 Rancho La Costa Village (SDP 99-07) 50% : Cynthia Bell 19 Castellina Drive Newport Beach, CA 92657 25%: Boykin-Hunt, LLC C/O Howard F. Hunt 3514-A Montlimar Plaza Drive Mobile, AL 36609 12.5%: Richard Alleway C/O Simac Construction 2067 Wineridge Place, Suite A Escondido, CA 92029 12.5%: Richard Simis C/O Simac Construction 2067 Wineridge Place, Suite A Escondido, CA 92029 La Costa Oaks (CT 02-02, 02-03, 02-04, 02-05) Real Estate Collateral Management Company C/O Morrow Development Attn: Fred Arbuckle 970 W. Broadway, E-461 Jackson, WY 83001 La Costa Ridge (CT 99-04) Real Estate Collateral Management Company C/O Morrow Development Attn: Fred Arbuckle 970 W. Broadway, E-461 Jackson, WY 83001 La Costa Ridge (CT 99-04; Lot 223) La Costa Ridge 2.6 C/O DR Horton 5790 Fleet Street, Suite 210 Carlsbad, CA 92008 Dec. 3, 2024 Item #8 Page 7 of 9 Rancho Santa Fe Road Project-Final Fee Refund Eligible Party List (Continued) PROJECT NAME PROPERTY OWNER OF RECORD LDS/Church of Jesus Christ (CUP 01-04) The Church of Jesus Christ of Latter-Day Saints 4th Floor, West Wing, COB 50 East North Temple Street Salt Lake City, UT 84150 Los Coches Village (MS 02-08) Los Coches Village, LLC C/O C.W. Clark Inc. 4180 La Jolla Village Drive, Suite 405 La Jolla, CA 92037 La Costa Town Square (CT 01-09, 08-03) Property Development Centers, LLC 5918 Stoneridge Mall Road Pleasanton, CA 94588-3229 La Costa Town Square Residential (CT 12-05) Taylor Morrison 8105 Irvine Center Dr., Suite 1450 Irvine, CA 92616-4200 Fair Oaks Valley (CT 02-17) CWV La Costa 49 C/O California West Communities 5927 Priestly Dr., Suite 110 Carlsbad, CA 92008 Rancho La Costa Building (SDP 05-15) Rancho La Costa Village 9404 Genesee Ave., Ste. 330 La Jolla, CA 92037 La Costa Town Square Residential (CT 17-0003) Woodside O5S, LP Attn: Vice President 1250 Corona Pointe Ste. 500 Corona, CA 92879-1792 Dec. 3, 2024 Item #8 Page 8 of 9 City of Carlsbad Amount of Final Fee Refund by Development Rancho Santa Fe Road Project December 2024 SFD 2nd UNIT CONDO MULTI-FAM COMM. AC.CHURCH EDU @ EDU @ EDU @ EDU @ EDU @ EDU @ TOTAL 1.0 0.6 0.8 0.6 10.0 4.0 EDU 9/28/1993 California Pacific Homes (CT 85-9)102 102.00 296.62$ 30,255.24$ 3/1/1994 Centex - Sonata/Tierra Santa (CT 90-4)111 111.00 296.62$ 32,924.82$ 8/8/1995 Centex - Santa Fe Trails/Rice Property (CT 85-10)189 189.00 296.62$ 56,061.18$ 8/8/1995 Centex - Rancho Verde (CT 89-18)171 171.00 296.62$ 50,722.02$ 3/19/1996 Greystone Homes - Park View West (CT 85-15)131 131.00 296.62$ 38,857.22$ 2/1/1997 Arroyo La Costa Units 1 & 2(CT 88-03)455 455.00 296.62$ 134,962.10$ 8/24/1998 Arroyo La Costa (CT 88-03)618 618.00 296.62$ 183,311.16$ 12/16/1997 Meadowlands (CT 85-19)112 112.00 296.62$ 33,221.44$ 3/14/2000 Keystone La Costa (CT 96-04)28 4 30.40 296.62$ 9,017.25$ 3/28/2000 LB/L Concordia (CT 98-02)28 28.00 296.62$ 8,305.36$ 1/9/2001 Shelley/Continental (CT 90-03) - Unit 1 26 26.00 296.62$ 7,712.12$ 1/9/2001 Shelley/Continental (CT 90-03) - Unit 2 **46 46.00 296.62$ 13,644.52$ 1/10/2001 Shelley/Continental (CT 90-03) Unit 3*109 109.00 296.62$ 32,331.58$ 1/10/2001 Shelley/Continental (CT 90-03) Unit 4*63 63.00 296.62$ 18,687.06$ 12/4/2001 Rancho La Costa Village (SDP 99-07)4.12 41.20 296.62$ 12,220.74$ 2/5/2002 La Costa Oaks CT 02-02, 02-03, 02-04, 02-05 820 168 920.80 296.62$ 273,127.70$ 2/5/2002 La Costa Ridge (CT 99-04) RECM 263 263.00 296.62$ 78,011.06$ 8/3/2007 La Costa Ridge (Lot 223, CT 99-04) DR Horton 53 53.00 296.62$ 15,720.86$ 2/27/2003 LDS/Church of Jesus CUP 01-04 5.78 23.12 296.62$ 6,857.85$ 4/19/2005 Los Coches Village (was Tienda de la Esquina) MS 02-08 7.469 74.69 296.62$ 22,154.55$ 1/16/2013 Property Dev Centers - La Costa Town Square (CT 01-09 & CT 08-03)63 33.35 396.50 296.62$ 117,609.83$ 10/2/2013 Taylor Morrison - La Costa Town Square Residential (CT 12-05)32 32.00 296.62$ 9,491.84$ 12/3/2013 CWV La Costa 49 - Fair Oaks Valley (CT 02-17)49 49.00 296.62$ 14,534.38$ 5/20/2014 Santa Fe La Costa (SDP 05-15, SDP 05-15x2) Rancho La Costa Bldg 0.689 6.89 296.62$ 2,043.71$ 4/4/2023 La Costa Town Square Residential (CT 17-0003) 76 19 72.20 296.62$ 21,415.96$ TOTAL 3,469 4 76 187 45.628 5.78 4,123.80 1,223,201.56$ PROJECTAGREEMENT DATE REFUND PER EDU TOTAL REFUND EQUIVALENT DUWELLING UNIT At t a c h m e n t B De c . 3 , 2 0 2 4 It e m # 8 P a g e 9 o f 9