HomeMy WebLinkAboutPlaza Camino Real; 1967-11-07;w I
AGREEMENT
PARTIES: The parties to this Agreement are the City of Carlsbad,
California, a Municipal Corporation, hereinafter referred to as CITY;
and Plaza Camino Real, a limited partnership Y
hereinafter referred to as MAY,
COVENANTS: It is mutually agreed between the parties hereto as
follows :
1. MAY shall deposit with CITY the sum of Thirty Thousand Dollars
($30,000).
2, CITY shall construct a water main extension from the intersectioi
of Chestnut Avenue and El Camino Real, northerly down El Camino Real to Mi
property located at the southwesterly corner or' El Camino Real and Vista 1
3. In the event said construction costs less than Thirty Thousand
Dollars ($30,000), CITY shall refund the difference to MAY. In the event
said construction costs more than Thirty Thousand Dollars ($30,000), or ii
appears that said construction will cost more than Thirty Thousand Dollar:
($30,000), MAY shall, upon demand therefore by CITY, deposit such further
sums as are required for the completion of said construction.
4. The area which will be benefited by said construction, and which
will not have contributed any portion of the construction cost is shown 01
that certain map, attached hereto, marked Exhibit "A," Revision #I dated
July 14, 1967, and by this reference incorporated herein,
5, For a period of fifteen (15) years, from and after the date herec
CITY shall, as a condition of allowing a connection from said benefited ai
as shown on Exhibit "A," to said water main, require payment of a connectj
fee of:
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$30.00 per lot living unit, or $120.00 per acre (whichever
fee is the greather, plus a front line charge of $4.50 per
front foot where applicable for all land serviced from said
water main,
6, CITY shall pay over to MAY seventy-five percent (7550) of said
funds so collected, in repayment of MAY'S payment of the cost of construcl
of said water main, and shall retain the additional twenty-five percent (l
thereof as and for administrative purposes.
7. In no event shall CITY be liable to MAY for any monies collected
beyond the said fifteen (15) year period, or in the event the collection
of this charge is prevented by judgment or order of Court, or in the event
that such monies are not collected as a result of inadvertence and/or negl
of the officers or employees of CITY,
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DATED: b%&d&l?. / 76 7
CITY OF CARLSBAD
BY OF&\ fi
by,^ W&&&Y &d
W. C.-A.KINSON, JR; ,' &yor
PLAZA CAMINO REAL By: The May Stores Shopping Cer
_c-
.-.---.---- -- _____--- --
-
FROM SO. LINE
OF FRONTAGE
FRONT FOOT.
---__
PECXX>5ED METEQ VAULT
PLKILXEjED RQESSCfb EEGCJL-ATIP'iG VACJLT.
PLl5TlPlG C M.W D. HIGH PEESSUL2E IO" \VATEQ AA&If---l. CHARGE FROM SO.
A CL!AE!GE OF s30.03 Pf
SEG2VICED TH-U TCIE
KINE OF MAY CO, SITE TO RANCHO
LINE @ $4.50 LiVlPlfi UNiT OK? % 12O.C AcFsE WHICHEVEP, f=E[ TLfE G-EATEQ
PEGULAT~I-IG VAULT.
L3 b FOR
PeaPa5r-D PQE~SL
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