HomeMy WebLinkAboutRABCO Land Corporation; 1967-04-18;1
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3 PARTIES: Tne parties to this Agreement are tiie City of
4 Carlsbad, California, a Municipal Corporation, Hereinafter referred
to as CITY; kubco Land Corporation, a California Corporation, nerein-
after referred to as RAiiCO; and Ronald, u. brovard, Hereinafter
referred to as
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RbCIi'ALS: Tnis Agreement is made vvitn reference to tne foliow-
ing facts:
1. Tne Planning Commission of CITY, by its'Resolution No. 495,
granted KAiiCO necessary variances for tne splitting and development
of four parcels of property generally located at 34oo Valley Street,
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Carisoau, California.
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2. RABCO intends to assign its interest in saia property to
wno proposes to develop said property, toretner witn certain
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additional parcels of property lying immediately soutncrly of said
property.
5. Tne Splitting of tne property generally located at 34o5
x y
Valley Street, and said property immediately soutnerly tncreof, vviil
require lot splits, and as a condition to tne issuance of said lot
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splits, full street improvements must be installed on tne stree22 L i
fro.ita^u of Valley Street immediately in front of saiu. properties.
COVLi^'L/TS: Now, tnercfore, it is mutually agreed between t.iC
,. .. .parties nereto as iOiiov;s:
1. AS between RAaCO and jROiVARU, tnose parties agree tiiat
KAiiCU vvill assign its interest in tne property at 34ub Valley Street
28 to .iiKU.;ARij, dnu. tnat tnereafter jvABCO will nave no furtner interest
29 in said property, aiia will nave no furtner obligations in regard to
•zrtou installation of iiiiprovenients on valley Street in trout tnereot.
2. BUOitARli snail furnisii, pay for, ana install full street
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improvements on that portion of tae westerly one-half o£ Valley
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Street, from tae intersection of Cnestnut Avenue to tae nortaerly
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limit of taose proposed four lots, discussed in connection witn
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i'lanairi'4 Commission Resolution No. 4^5 and generally Known as 3465
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Valley, Carlsbad, California, to tae satisfaction of CITY and
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CITY'S Engineering Department.
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5. unless ana until said street improvements are properly
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installed, CITY nay vvitaaold approval of tne proposed lot split of
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tae said property at 3405 valley Street into four parcels, and tae
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proposed lot split of tne properties located immediately soutaerly
tiiereof to tiie intersection of Caestnut Avenue, and said properties
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snail therefore continue to remain as single building lots, reyard-
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less of prior Resolutions, Agreements, or construction thereon by
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KAliCG .
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4. upon tiie proper installation of said full street iniprove-
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meats on tiie westerly one-naif of Valley Street from the corner of
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Caestaut Avenue to tne nortaerly limit of tne property commonly
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Known as 34b5 Valley Street, Carlsbad, California, and tae perform-
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aace of ail otaer conditions required by CITY, CITY snail approve
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ana cause to be recorded trie lot split of tiie four parcels commonly
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Known as 34u5 Valley Street, Carlsbad, California, and tne lot split
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of tne property soutaerly of said 34o5 Valley Street wnica is
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necessary to tae sale and development of said properties.
25 DATLU: (£04;t /r .'
CITY OF CARLSBAD,
27 a .iunicipal Crporation
28 B S( _
KAJ3CO LAND CORPORATION,
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a California Corporation31 F
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RONALD D. BROWARD
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