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HomeMy WebLinkAboutCT 99-04-02; Real Estate Collateral Management Co; 2004-1201213; Uncontrolled Stockpile Agreement/ReleaseDOC # 2004-1 201 21 3 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO City Clerk CITY OF CARLSBAD 1200 Carlsbad Village Dr. Carlsbad, CA 92008 I llllllll Ill 11111 11111 11111 11111111111111111111 111ll111ll111ll Ill1 1111 DEC 21,2004 457 PM OFFICIAL RECORDS SAN DlEGO COUNTY RECORDER’S OFFICE GREGUR‘I‘J. SMITH.. COUNTY RECORDER FEES: 20.00 PAGES: 5 l1ll111 Ill11 MI11 llllllllllU111 Hlll1111 Ulll ll1111111 lllll11111111 Ill1 IYI Space above this line for Recorder’s use. ASSESSOR’S PARCEL NO. 223-720-03 PROJECT NO. & NAME: CT 99-04-02 Villaaes of La Costa - The Ridae (Melrose Place) AGREEMENT BETWEEN OWNER, DEVELOPER AND THE CITY OF CARLSBAD FOR AN UNCONTROLLED STOCKPILE THIS AGREEMENT is entered into this /frNday of Sm- , 2004, by and between Real Estate Collateral management Company a Delaware corDoration hereinafter referred to as “Developer” whose address is 1903 Wright Place; Suite 180 Carlsbad, CA 92008 and Real Estate Collateral Management Company a Delaware corporation hereinafter referred to as “Owner” whose address is 1903 Wright Place; Suite 180 Carlsbad, CA 92008 And the CITY OF CARLSBAD, a municipal corporation of the State of California, hereinafter referred to as “CITY”, whose address is 1200 Carlsbad Village Drive, Carlsbad, California 92008. WASTERS\FORMS\UNCONTROLLED STOCKPILE AGMT Rev. 2/04/97 1 RECITALS WHEREAS, Owner is the owner of the real property described on Exhibit “A, attached to and made a part of this agreement, and hereinafter referred to as “Property”; and WHEREAS, the property lies within the boundaries of City; and WHEREAS, Developer wishes to stockpile 35,000 cubic yards of grading or fill material on Owner’s Property which is acknowledged to be designated as an uncontrolled stockpile; and WHEREAS, Owner acknowledges, that, as an uncontrolled stockpile, the site is not eligible for a building permit unless special soils analysis and foundation design are submitted and approved or the site is subsequently graded pursuant to a valid Grading Permit issued pursuant to Chapter 15.16 of the Carlsbad Municipal Code; and WHEREAS, the grading or stockpiling work shall be done in accordance with grading plans and specifications approved by the City Engineer; and, WHEREAS, Developer acknowledges that the uncontrolled stockpile shall be maintained in a safe and sanitary manner at the sole cost, risk and responsibility of Developer or Developer’s successors in interest. NOW, THEREFORE, in consideration of the recitals and the covenants contained herein, the parties agree as follows: 1. The recitals in this Agreement are hereby incorporated into the terms of this agreement. 2. Developer and Owner agree to indemnify and to hold the City of Carlsbad and any of its officers, agents or employees harmless from liability for injuries to persons, or damage to or taking of property, directly or indirectly caused by the diversion of waters, the blockage or alteration of the normal flow of surface waters or drainage; or by the encroachment of any stockpile on neighboring property; or by any action or grading operation used in placing or removing the uncontrolled stockpile. 3. This agreement may be approved by the City Engineer and shall be recorded by 1 MASTERS\FORMS\UNCONTROLLED STOCKPILE AGMT 2 Rev. 2/04/97 the City Clerk in the Office of the County Recorder as an obligation upon the Property inuring to the benefit of and be binding upon all successors in interest to Property. 4. the City Engineer. This Agreement shall remain in effect until a release of this agreement is filed by IN WITNESS WHEREOF, this agreement is executed in San Diego County, California as of the date first written. OWNER Real Estate Collateral Management Company a Delaware corporation By: Fred R. Schimel By: Vice President CITY OF CARLSBAD, a Municipal Corporation of the State of California F-&>9L g/h& City Engineer DEVELOPER Real Estate Collateral Management Company a Delaware corporation By: %I?& Fred R. Schimel Title: Vice President By: I (Proper notarial acknowledge of execution by OWNER and DEVELOPER must be attached.) (Chairman, president or vice-president and secretary, assistant secretary, CFO or assistant treasurer must sign for corporations. Otherwise, the corporation must attach a resolution certified by the secretary or assistant secretary under corporate seal empowering the officer(s) signing to bind the corporation.) APPROVED AS TO FORM: RONALD R. BALL City Attorney By: I MASTERS\FORMS\UNCONTROLLED STOCKPILE AGMT 3 Rev. 2/04/97 STATE OF ILLINOIS COUNTY OF COOK ss. On )$$OK ?J 2004 before me, Diana C. Moreno, Notary Public PERSONALLY APPEARED, /G& %ht,+.~--/ whose name is subscribed to the within instrument and acknowledged to me that he personally known to me to be the person executed the same in his authorized capacity and that by his signature on the instrument the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal Signature ' Diana C. Moreno STATE OF ILLINOIS COUNTY OF COOK ss. On & ust 3 5 APPEARED, fif0 &h,&i whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity and that by his signature on the instrument the entity upon behalf of which the person acted, executed the instrument. 2004 before me, Diana C. Moreno, Notary Public PERSONALLY personally known to me to be the person WITNESS my hand and official seal Signature Law c- ’ hJ Diana C. Moreno