HomeMy WebLinkAbout1976-09-02; Parking Authority; Minutes•2-
Carlsbad Parking Authority
September 2, 1976
Central Federal Savings & Loan Association
The Assistant City Manager stated the agreement with
Central Federal Savings and Loan Association and the
Parking Authority had been approved some months ago;
however, due to the length of time it took to process,
from March to August, the Savings and Loan Association
is requesting that a new signature be obtained from the
Parking Authority on the document which would reflect
the corrected date and a few other very minor changes.
By concensus, authorization was given the Chairman to
sign the revised agreement as requested by Central
Federal Savings and Loan Association.
ADJOURNMENT:
By proper motion, the meeting was adjourned at 3:40
P.M.
Respectfully submitted.
NORA K. GARDINER
Acting Recording Secretary
AGREEMENT
This agreement is made this 1 ^f-h ^^y of_Sapf-ember .' ^^^^
by and between the PARKING AUTHORITY OF THE CITY OF CARLSBAD
(the "Authority") and CENTRAL FEDERAL SAVINGS AND LOAN ASSOCI-
ATION (the "Association").
RECITALS
WHEREAS, the Association intends to expand its existing
facility located on Marron Road to the south of the Plaza Camino
Real Regional Shopping Center, as shown on the Site Plan marked-
/^^/^^T^^Exhibit A, prepared by Richard George Wheeler Associates, dated
'f^:—-^^^^—G?kiigust 11 , .c J
\s\'>t:C-,^/-<KlKK^:^, 197 6, attached hereto and made a part hereot; and
^fflEREAS, the Authority owns, for parking purposes, an
unimproved parcel of land, immediately to the west, identified
on Exhibit A as a portion of Parcel Number 1 - Carlsbad Parking
Authority. The Parking Authority has no plans at this time
for the improvement of the property; and
WHEREAS, it would be to the Association's advantage, in
connection with their proposed addition, if the Authority's
property was so improved.
NOW, THEREFORE, the parties hereto agree as follows:
1. Association will improve the above described portion
of Authority's property as shown on Exhibit A. The improvements
will be accomplished to the satisfaction of the City Engineer in
accord with thfe standards of the City of Carlsbad. The Authority
agrees to permit the Association to enter said portion of its
property at any time as necessary to accomplish the aforesaid
improvements.
2. Upon completion, and acceptance by the City Engineer,
such improvements shall become the property of the Authority.
The Association and the Authority agree that the above refer-
enced improved portion of Authority's property shall be subject
to the lease between the Authority and the City of Carlsbad
for the parking area surrounding the Plaza Camino Real Shopping
Center and the Operating Agreement therefor between the City of
Carlsbad and the May Company.
3. Association will landscape the property to be improved
in accord with Exhibit A to the satisfaction of the City of
Carlsbad Park and Recreation Director.
4. This agreement shall be of no force or effect unless
the Association shall have commenced construction hereunder
within one (1) year after the date of this agreement.
IN WITNESS WHEREOF, the parties hereto have executed this
agreement the day and year first above written.
THE PARKING AUTHORITY OF THE CITY
RLSBAD, CALIFORNIA
ATTEST;
CENTRAL FEDERAL SAVINGS & LOAN
ASSOCIATION
APPROVED AS TO FORM;
Vincent F. "biondo, Jr/. ^
City Attorney
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RICHARD GEORGE WHEE ASSOCIATES
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