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Home My WebLink AboutFIA 88-01; Asbury, Ruth H.; 88-146313; Future Improvement Agreement/ReleaseI L W-f46313 REKmDING -mm) WHENRECORDEDMAILTQ ; C!JTYOFCAFUSEIAD 1200 Elm Avenue ; Cadsbad, CA 92008 1 Spaa3abovethislineforRecorde.r~suse. Documentarytransfertax: $NoFee / \ mu Signature of declarantdeterminingtax-fimlname CITYOFCARTSBAD Parcel No. 156-212-07 'IHIS JGlEMNT is made by the City of Carl&ad, a mnicipal corporation, hereinafterreferred as "praperty owner. " to as T%yV1, andR.uthH.Asbury,he&nafterrefermdto W, Pmperty Owner has applied to City for a Minor Subdivision No. 727hereinafterdescribed,nclwunderprapertycxJner's~p;and ~,ithasbeenfaundthatsaidprapertyisnatsuitablefor~~~ initsp resent condition, hcwever saidpmpertymuldbe suitable for develqanent ifcertainpublicimprcxrermentshereinafterdesrribedarew~~~~certa~ irrwrocableoffersofdedicati~aremadetoCity; and bHH?EZE, theMunicipal Code of City and conditians attachedhereto and incoqxxatedbymferencehereinrequire certaininprcvenmtsanddedications as a condition of appmval of this Minor Subdivision No. 727; am3 -, praperty- hasrequested said Minor Subdivision No. 727 begrarrtedbyCityinadhranceofthetimesaid~~~~aretobemake;and 1 I . 608 WHBZEZS, Pmperty Owner, in consideration of the apprwal of said Minor SubdivisionNo. 727 desirestoenterhtothis agmemntsecuriqthec3x&m&ion of said inq?mmmnts, ard City has determined it tobe inthe@lic intemst toagreetoteqomrilypostpom saidamstmction; NcIw,-, ITIS-between thepartieshemtoas follcws: !Section 1. 'Ihatcityagreesto~~anyirrwocableoffersof~~~on mdeby PmpertyOwnerforValleyStreet. Section2. !IhatpmpertyOwner,inlieuofmkinytheheA.nafterdescribed iqmvements before appmval of said Minor Subdivision No. 727 is granted, agmestoinstallandconstm&, orcausetobe installedorcomtm&& said inprmmmnts in accordance with plans and specifications proved by the City Engineerwithinsixky (60) daysafterwrittendemmAsotodobyCity. Pmperty Owner shall not be mquired to make said inpruvements before February 1, 1989, or within such ~periodoftimeasisgrantedbyCity,p~i~,hckJwer, that upon the a of either of the follcwirq oaau~ences said inprcnres&ents may, at the soleelectionofCity,bexquimdtobemade soonerthansaiddate orsuch~periodoft~whichmayhavebeengrantedby City: (a) When the City Council fti that the ownem of 40% or more of t.hefrontage,includingthefrontageofPrapertyOwner,~intersection streetsonbathsidesof~street:upon~~~property~indescribed has frontage, have agreed with City to install street inpmveumks to City specifications. 03 when - ofmorethan50%ofthefmrTtage,between-iru3 streetsonbothsidesofthestreetuponwhichtheproipertyhereindescribed has frontage, havepetitionedthe City to fonnan inpruvemf3xtdistrict forthe , 1 609 SaidinprovemntsshallbemadewitIm&zcostor expense to City. City estiln&esthatt2lecostofe@neeringand cmstmztion of said iqmvenmxtat thetimeofsigniqthisamtractisSixThaxxmASev~HmAmd Forty-fourand OO/lOO DOLLARS ($6,744.00). Pmpertyuwnerherebyaclmmledgesthatsaidcost isa mamnableestim&eofengineeriqand amstmctioncostsatthistimeand thattheactualcostofsameatsanetinreinthefuturemay~~thisestimate. Section3. That for the faithful perfonname ofthepmnises andcmvemnk hereincorrtained,PrapertyOwner~grantstoCityalienupon~hereinafter described property in the m of $6,744.00 plus any future increases of cost inexcessofthissummsultingfmnixmasedengjneeringand~on costs,andintheeventh-apertyowner,~owner'ssuwesso~,heirs, assigns,ortransferees fail to install and con&m& saidiqmvementsinin mnner and within the time specified herein, Pmperty Owner agrees that City my do any or all of the following: (a) Have the necessary engineering for said inpmvements done, and hstalland amstruct said iqmxmmb bycontractorotherwise. Cityorits ~~randcontractor's~loyeesmayenteruponanyportionrportionsof ~Praperty~lYnecessary for said engineering and con&m&ion, and theentireco6tand expenseshallbe&argsdagainstsaidpmpertyandpayable by said Fmperty Owner, PrcperQ Owner's suazemom, heirs, assigns or transfmrees inmediately upon ampletion of said inpruvements. Intheamlt same is not paid within thirty (30) days fmu cutpletion, City may foreclose said lien as pruvided by law for the foreclosure ofmortgages. (b) DirecttheCityEB@neertoestiu&ethecostofmcessaq e@neering,a~~Athe~rkmquiredtoinstalland csnstm& said inpmmments, and foreclose saidlien insaidamunt. 610 ; - - (c) Fursueanyremedy, legal orequitable (includingtho6e specifically referred to herein), for the foreclosure of a lien, am3 the Pmperty Owner, l?mpeey OwiEer's succesmrs,heirs,assignsandtransferrees, shallbeliable . forrmsonableattorneyls feesasacost insaide . Section4. Thatitisagreedthatanyt%iqhereinamtaimdtoWkeamtrary mtwith&am%q,theprmisesandaxenantsmdeheminshallnutbebinding upon the holders, mortgagees, or beneficiaries of any m money mrtgage orgmchase mney deed of trust forvaluewhi&hasbeenormay inthe future be-bythepraperty-,prapertyowner's mccessors,heirs,assigns ortransferees,andtheli~herebycreatedshallbeandisherebysubordinated toanddeclaredtobeinferiorard win lientothe lien of any such ~moneymrtgageor~nmeydeedoftmsLThelienherebycmated shalllikewisebeofnoforceoreffectagainstanymner Muse title to the prqertyhe~inafterdescribedisaquiredbyorasaresultofaforeclo6ue ortmstees1saleofanysuchplrchasenmeymxtgageor~mneydeedof tXUSt. Section5. 'Ihatatanytimeduring~periodhereinprwided,thePraperty otmer, praperty cRmer's sumesso13,heixs,assignsortransfereesmaydepc6ita cashboMIorpostasuretyptxfomance bond satisfactorytotheCityto&arye said surety with the cost of said inprovemnts; the mmt of bo,?d to be the estimatedcostofengineeringand~~~atthetimeof~~itor postins= ascertainedbytheCityEngineer,andthatupon~itofsaidcash orpostirrgofsaidbondtheCityagreestoreleasethepraperty,orarryportian of it as to tich said -it or posting applies, frm the pmvisions of this a~,~~--t--w~ release to enable the record title of thepmpertytobereleaseAfrmthelienher&n@osed. 611 Section6. SaidCityhallnot, norshallanyofficerorePrployeethereof, be liable or msponsibleforanyaa5%nt,lo6sordamagehappehqoroccurrirq totheworkor v specified inthis agmment prior to IAe qletion and amephnce of the sam, nor shall said City, nor any officer or qloyee thereof, be liable for any persons orprq+tyinjumdby- of said work or imprcrveslrent, hut all of said liabilities shall be assumed by said Pmperty -andpraperty-‘S swcessors,hei.m,assignsortransferees,andthey shall~etheCityhanalessfraa,andindesanify~City~,anyanddll claims, suits a&liabilities of or to anypersmorpmperty injwzdorclaiming to be injured as a resultofsaidworkor hqxovenmts. SaidPmpertyOwner, andpraperty-'S sucmssors,heirs,assignsortransferees,furtheragrees to protect saidcity &the officers anJex@oyees thereof fmuallliability or claim because of, or arisixq out of, the use of any patent orpatented article inthecomtm&ionofsaid@mement. Section 7. It is further agmed that said Pmperty Owner will atall timsup to the. ampletion and ameptame ofsaidworkandinprovemmtsbythe City, givegoodardadequatewarning to the traveling *lit of any a or defective mtions of @lit pmpertq. ~praperty~~agrees~ payfor~inspecti~ofirrprwemerrtsasmayberequiredby~CityEngineer of City. Section 8. lws~andtioavenantsocartainedhereinshallbe bindiqqmnandimmztothebenefitofthe succesmrs,hei.rs,assignsand transferees ofPmpertyOwner,shallrunwithsaidrealpmperty,andcreatean equitableservit&euponsaidrealpmperty. Section 9. A description of the property referred to herein and upon which said lien is hposed is described as follcws: .~ - . ” - > w 612 : - . mesalh- ly 80 feet of that portion of I& 25 of Pattersonls additiontotheTbwn of Carl&ad, inthe City of Carl&ad, Cmntyof San Diego, State of California, aamding to Map thexeof No. 565 filed in the Office of the County Recorder of San Diego County, Sepb&er 22, 1888, lying northeast of a line parallel with and distant 400 feet at right angle no &hea&erly fmn the Bly line of said Lot 25. Section 10. merequiredimprwenents tobe-andtheestimated csts thereof are as follms: -COSTS caslffete Curb, &tt4x, 81 Sidewalk $ 1,880.OO l/2 -Base-&Paving $ 3,520.OO Rx-tionof StreetLightimg $ 464.00 $ 5.864.00 +15% El-q-ing mi.nf3-y $ 880.00 $ 6.744.00 IN~wtIE88oF,wehavehereunto setourhadsandsealsthis day of , 1987. C!ITYCWtZtRUWD,a~~ ‘al of t3E sta-kofcalifarnia camunity Devel~i Dim&or m AS :iq -.F!E!$ /;S 7’3 FQRM : RWWLD R. BALL Vincent F. Biao, Jr. CityAttorney , (--OF -moF-w16TBE~.) CAT. NO. NN00627 I TO 1944 CA (7-62) iIndividual) J- 613 TiTE INSURANCE AND TRUST ATKORCOMPUPI STATE OF CALIFORNIA ’ COUNTY OF San Diego ss. t. On t before me, the undersigned, a Notary Public in and for 4 said State, personally appeared _ -------------- Ruth H. Asbury ii I. personally known to me or 3 ,proved to me on the basis’of satisfactory evidence to be Iii the person, whose name i s subscribed to the .J within instrument and acknowledged that she exe- ‘-cuted the same. WITNESS my hand and official seal. Signature (This mea for official notarial seal)