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HomeMy WebLinkAboutCT 89-21; Smith, Cecil and American Assets Inc; 89-473944; Public Facilities Fee Agreement/Release’ . i - i’* 1252 89 41-44 . ‘RECORDING REQUESTED BY AND $q:-yjq~C~: ;?” --j Dfpf;p, &~f;~i~~,,~. 1 \ : WHEN RECORDED MAIL TO: Of 5$?; >J:t:,j$ . ..z.j- ‘ .-.‘7 ;‘: :‘*+i’l,tk g CITY OF CARLSBAD 1200 Elm Avenue Carlsbad, California 92008 Space above this line for Recorder’s . Parcel No. 214-471-53 AGREEMENT BETWEEN OWNER, DEVELOPER AND THE CITY OF CARLSBAD FOR THE PAYMENT OF A PUBLIC FACILITIES FEE THIS AGREEMENT is entered into ris 16th day of June * 19 89 by and between American Assets, Inc. (Name of Developer) a Corporation , hereinafter referred to as (Corporation, partnership, etc. 1 “Developer” whose address is 10140 Campus Point Drive (Street) San Diego, CA 92121 (City, State, Zip Code) and x c eci / hse 5n r”f-%l (Name of Legal OwnerlJ a X I& d% iv*,“ tia/ , hereinafter referred to as (Individual, Corporation, etc.) “Owner” whose address is r,&$!yJ (Street) 1( LQ -&//A. &&&u~ ?%23 7 (City, State, Zip Code) AND the CITY OF CARLSBAD, a municipal corporation of the State of California, hereinafter referred to as “City”, whose address is 1200 Elm Avenue, Carlsbad, California, 92008. REV 7-28-87 - . RECITALS WHEREAS, Owner is the owner of the real property described on Exhibit “A” ; attached to and made a part of this agreement, hereinafter referred to as “PropertyUU; and WHEREAS, The Property lies within the boundaries of City; and WHEREAS, Developer has contracted with Owner to purchase the Property and proposes a development project as follows: 44,100 square foot cmercial developent including retail, financial, restaurant and office uses. on said Property, which development carries the proposed name of POINSEITIA~UNTRY PLAZA and is hereinafter referred to as U’DevelopmentlU; and WHEREAS, Developer filed on the 16th day of ,Jllnp , 1989 , with the City a request for c 1 . . Plan, Hillside Develoment Permit and Conditional Use Permits hereinafter referred to as “Request”; and WHEREAS, the Public Facilities Element of the City General Plan requires that the City Council find that all public facilities necessary to serve a development will be available concurrent with, need or such development shall not be approved (said elekent is on file with the City Clerk and is incorporated by this reference); and WHEREAS, Developer and City recognire the correctness of Council Policy No. 17, dated July 28, 1987, on file with the City Clerk and incorporated by this reference, and that the City’s public facilities and services are at capacity and will not be available to accommodate the additional need for public facilities and services resulting from the proposed Development; and -2- REV 7-28-87 j’.” . . - . WHEREAS, Developer and Owner have asked the City to find that putalic facilities and services will bc available to meet the future needs of the Development as it is presently proposed; but the Developer and Owner are aware that the City cannot and will not be able to make any such findings without financial assistance to pay for such services and facilities; and therefore, Developer and Owner propose to help satisfy the General Plan as implemented by Council Policy No. 17 by payment of a public facilities fee. NOW, THEREFORE, in consideration of the recitals and the convenants contained herein, the parties agree as follows: 1. The Developer and Owner shall pay to the City a public facilities fee in an amount not to exceed 3.5% of the building permit valuation of the building or structures to be constructed in the Development pursuant to the Request. The fee shall be paid prior to the issuance of building or other construction permits for the development and. shall be based on the valuation at . that time. This fee shall be in addition to any fees, dedications or improvements required pursuant to Titles 18, 20 or 21 of the Carlsbad Municipal Code. Developer and Owner shall pay a fee for conversion of existing building or structures into condominiums in an amount not to exceed 3.5% of the building permit valuation at the time of conversion. The fee for a condominium conversion shall be paid prior to the issuance of a condominium conversion permit as provided in Chapter 21.47 of the Carlsbad Municipal Code. Condominium shall include community apartment or stock cooperative. The terms “other construction permits”, “other construction permit” and “entitlement for use” as used in this agreement, except in reference to mobile home sites or projects, shall not refer to grading permits or other permits for the construction of underground or street improvements unless no other permit is necessary prior to the use or occupancy for which the development is intended. REV 7-28-87 4 T 5 - Developer and Owner snail pay the City a public facilities fee in the sum of . , ;$l, l<O for each mobile home space to be constructed pursuant to the Request. The fee shall be paid prior to the issuance of building or other construction permits for the development. This fee shall be in addition to any fees, dedications or improvements required according to Titles 18, 20 or 21 of the Carlsbad Municipal Code. 2. The Developer and Owner may offer to donate a site or sites for public facilities in lieu of all or part of the financial obligation agreed upon in Paragraph 1 above. If Developer and Owner offer to donate a site or sites for public facilities, the City shall consider, but is not obligated to accept the offer. The time for donation and amount of credit against the fee shall be determined by City prior to the issuance of any building or other permits. Such determination, when made, shall become a part of this agreement. Sites donated under this paragraph shall not include improvements required pursuant . to Titles 18 or 20 of the Carlsbad Municipal Code. 3. This agreement and the fee paid pursuant hereto are required to ensure the consistency of the Development with the City’s General Plan. If the fee is not paid as provided herein, the City will not have the funds to provide public facilities and services, and the development will not be consistent with the General Plan and any approval or permit for the Development shall be void. No building or other construction permit or entitlement for use shall be issued until the public facilities fee required by this agreement is paid. 4. City agrees to deposit the fees paid pursuant to this agreement in a public facilities fund for the financing of public facilities when the City Council determines the need exists to provide the facilities and sufficient funds from the payment of this and similar public facilities fees are available. -4- REV 7-28-87 4 7: _ * . . t” --I 25 fj 9 - 5. City agrees to provide upon request reasonable assurances to 7 . ; enable Developer and Owner to comply with any requirements of other public agencies as evidence of adequate public facilities and services sufficient to accommodate the needs of the Development herein described. 6. All obligations hereunder shall terminate in the event the Requests made by Developer are not approved. 7. Any notice from one party to the other shall be in writing, and shall be dated and signed by the party giving such notice or by a duly authorired representative of such party. Any such notice shall not be effective for any purpose whatsoever unless served in one of the following manners: 7.1 If notice is given to the City by personal delivery thereof to the City or by depositing same in the United States Mail, addressed to the City at the address set forth herein, enclosed in a sealed envelope, addressed to the City for attention of the City Manager, postage prepaid and certified. 7.2 If notice is given to Developer by personal delivery thereof to Developer or by depositing the same in the United States Mail, enclosed in a sealed envelope, addressed to Developer at the address as may have been designated, postage prepaid and certified. 8. This agreement shall be binding upon and shall ensure to the benefit of, and shall apply to, the respective successors and assigns of Developer, Owner and the City, and references to Developer, Owner or City herein shall be deemed to be references to and include their respective successors and assigns without specific mention of such successors and assigns. If Developer should cease to have any interest in the Property, all obligations of Developer hereunder shall terminate; provided, however, that any successor of Developer’s interest in the property shall have first assumed in writing the Developer’s obligations hereunder. -5- REV 7-28-87 . - . :‘, -4 2 5 7 . A$ such time as Owner ceases to have any interest in the Property, all obligations of Owner hereunder shall terminate; provided, however, that if any successor to the Owner’s interest in the Property is a stranger to this agreement, such successor has first assumed the obligations of owner in writing in a form acceptable to City. 9. This agreement shall be recorded but shall not create a lien or security interest in the Property. When the obligations of this agreement have been satisfied, City shall record a release. IN WITNESS WHEREOF, this agreement is executed in San Diego County, California as of the date first written above. OWNER: DEVELOPER: American Assets, Inc. n I -(Signatiii%) ’ s / I (Name) TITLE %&5/b= 4- I (Signature) (Name) (Signature) * ATTEST: I 6li4zL ip &?Q&L ALETHA L. RAUTENKRANZ, City Cl ( . APPROVED AS TO FORM: BY TITLE CITY OF CARLSBAD, a municipali corporation of the State of Calima BY For City Manager VINCENT F. BIO:DO, jR., City Attorney /$-194% ’ (Notarial acknowledgement of execution by DEVELOPER-OWNER must be attached.) -6- I REV 7-28-87 @ ___ ________________ --, 19 _____ , before me, the said County and State, personally appeared proved to me on the basis of satisfactory evidence to be the person-.- whose name __ _______ !k-y- subscribed to this instrument, and acknowledged to m-1 ______ he ______ executed it. Notary’s Signature GENERAL ACKNOWLEDGMENT Form No. 16 Rev. 7-82 CORPORATE ACKNOWLEDGMENT CAL- 24 I : ; : State of California : : : . . County of.25W&L&+ the undersigned Notary Public, personally appeared I or on behalf of the corporation therein : .= . . , . , .- . . EXHIBIT “A” LEGAL DESCRIPTION Lot 171 of CARLSBAD TRACT 73-24, in the City of Car&bad, County of San Diego, State of California, according to Map thereof No. 7996, filed in the Office of the County Recorder of San Diego County, August 2, 1974. EXCEPTING THEREFROM all mineral rights including without limitation all oil, gas, hydrocarbon similar rights, and all water, water rights, geothermal steam and steam power, within or underlying the real property herein conveyed, together with the perpetual right of development thereof; provided, however, that the rights therein reserved and excepted do not include the right to enter upon the surface and the top 500 feet of the subsurface. As reserved by Occidental Land, Inc., in that certain grant deed recorded on July 21, 1981 as File No. 81-228250 of Official Records.