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HomeMy WebLinkAboutCarlsbad Ranch Co LP; 1998-03-27;,. RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City Clerk CITY OF CARLSBAD 1200 Carlsbad Village Drive Carlsbad, CA 92008 (Space Above this Line for Recorder's Use) AGREEMENT FOR REIMBURSEMENT OF COSTS FOR THE CONSTRUCTION OF IMPROVEMENTS FOR HIDDEN VALLEY ROAD )II This Agreement is made and entered into as of the 27 day of t'??&Z# , 1998, by and between CITY OF CARLSBAD, a municipal corporation (hereinafter referred to as "CITY"), and CARLSBAD RANCH COMPANY, L.P., a California limited partnership (hereinafter referred to as " DEVELOPER " ) : RECITALS A. A condition of DEVELOPER'S final map CT 94-09 (Map No. 13408) requires construction of street improvements for Hidden Valley Road, B. DEVELOPER has previously dedicated to CITY a right-of-way for the construction of Hidden Valley Road as shown on final map CT 94-09 (Map No. 13408) ("Street Right-of-way"). C. CITY owns land abutting Hidden Valley Road which is described in Exhibit A attached hereto and referred to as the "City Property." CITY intends to develop the City Property as a golf course. D. CITY will benefit from DEVELOPER'S installation of the street improvements for Hidden Valley Road. SD\ll17882-9 1 4 E. CITY has agreed to reimburse DEVELOPER for CITY'S fair share of the Improvement Costs (as defined in Section 2 below) for the street improvements for Hidden Valley Road. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, CITY and DEVELOPER hereby agree as follows: 1 . Construction of Street Improvements. Provided all necessary dedications, easements and licenses required to construct the Street Improvements (as defined in Section 1 -1 below) have been obtained by DEVELOPER, DEVELOPER shall construct the Street Improvements in accordance with this Section 1. 1.1 Street Improvements. The "Street Improvements" mean full width improvements for Hidden Valley Road from Palomar Airport Road to the northerly terminus of Hidden Valley Road, including grading, drainage facilities, wet utilities (water, sewer and reclaimed water) and other utilities, pavement, and "frontage" improvements (curb, gutter and sidewalk improvements, associated subgrade preparations, street lighting and landscaping) located immediately adjacent to the paved street. Typical sections of the Street Improvements are depicted on Exhibit B attached hereto. 1.2 Preparation of Plans. DEVELOPER has funded the cost of preparation of plans and specifications for the Street Improvements by Nolte & Associates (as to the grading plans) and Hunsaker & Associates (as to the improvement plans) (referred to together as simply the "Engineers"). Any material amendments to the plans and specifications prepared by the Engineers shall be subject to approval by CITY. Such plans and specifications, as approved by CITY, as they may be amended, are referred to herein as the "Plans." DEVELOPER and CITY shall cooperate fully with the Engineers to provide any additional information which may be required to complete the Plans. An estimate for the cost of SD\1117882-9 2 6 constructing the Street Improvements in accordance with the Plans is contained in Exhibit C attached hereto. 1.3 Permits and Bonds. DEVELOPER shall process and obtain all permits and approvals of CITY and any other governmental authorities required to construct the Street Improvements in accordance with the Plans. 1.4 Compliance With Laws. DEVELOPER shall comply with all permits issued in connection with the work and all other governmental laws, ordinances, rules, regulations and requirements (collectively, "Laws") in connection with all work on the Street Rig h t-of - Way. 1.5 License to Enter and Perform DEVELOPER Work. CITY hereby grants to DEVELOPER or any other governmental agency or public or private utility, subject to the terms and conditions set forth herein, all licenses to enter the City Property and all temporary construction easements or slope easements over the City Property which are reasonably required to construct the Street Improvements. CITY shall execute all additional documents reasonably required by DEVELOPER to evidence the grant of any such license or temporary easement, within fifteen (1 5) days after receipt of a request by DEVELOPER. Each license or temporary easement granted pursuant to this Section 1.5 shall be limited to only that portion of the City Property which is reasonably required to serve the purposes of such license or easement. 2. Reimbursement of Citv's Share of Improvement Costs. CITY shall reimburse DEVELOPER for the Improvement Costs representing (a) any portion of the Street Improvements in excess of one-half (K) width plus twelve (1 2) feet and (b) CITY'S portion of the Improvement Costs attributable to wet utilities (water, sewer and reclaimed water) as described in Exhibit C attached hereto (collectively, the "City's Share"). As used herein, "Improvement Costs" means any and all costs incurred by DEVELOPER in constructing the SD\1 1 1 7882-9 3 7 Street Improvements, including fees and costs of processing and issuance of governmental permits and approvals, design and preparation of the Plans, insurance and bonding costs, actual construction costs, construction management costs and maintenance costs. 2.1 Estimate of lmwovement Costs. As of the date of this Agreement, the estimated Improvement Costs are Two Million Twenty-Eight Thousand Four Hundred Fifty-Four Dollars ($2,028,4541, and the estimated amount of the City's Share of the Improvement Costs (i.e., the estimated amount to be reimbursed by CITY to DEVELOPER) is Nine Hundred Forty- One Thousand Nine Hundred Thirty-Seven Dollars ($941,9371, all as is more particularly described in Exhibit C attached hereto. The reimbursement by CITY to DEVELOPER shall be based upon the actual Improvement Costs with the City's Share determined based upon the CITY's proportionate share as reflected in Exhibit C of the actual Improvement Costs. 2.2 Reimbursement. Within sixty (60) days after the Completion of the Street Improvements DEVELOPER shall prepare a final accounting of Improvement Costs and deliver to CITY a copy of the final accounting. The final accounting shall be deemed complete when DEVELOPER has delivered to CITY copies of invoices, lien releases and cancelled checks relating to the construction of the Street Improvements (the "Final Accounting"). CITY shall reimburse DEVELOPER for the City's Share of the Improvement Costs as set forth in the Final Accounting (as defined below) no later than sixty (60) days after CITY's receipt of the Final Accounting. CITY acknowledges that the Final Accounting is intended to provide CITY with the invoices, lien releases and cancelled checks reasonably necessary to confirm the accuracy of the City's Share of the actual Improvement Costs of the Street Improvements. CITY shall have thirty (30) calendar days after its receipt of the Final Accounting to dispute any cost reflected in the Final Accounting. If CITY desires to dispute any such costs, CITY shall do so in writing by providing to DEVELOPER a specific description of its basis for disputing such costs. CITY shall timely reimburse DEVELOPER for any of the SD\ll17882-9 4 costs which are not disputed, and CITY and DEVELOPER shall attempt to resolve any disputed costs items within thirty (30) calendar days after the CITY initially disputes such costs. DEVELOPER has installed an undercrossing as part of the Street Improvements in order to provide future ingress and egress for pedestrian and vehicular access for golf course purposes so that CITY's golf course located east of Hidden Valley Road will be accessible to the golf course located on DEVELOPER'S property located west of Hidden Valley Road and vice versa. CITY contemplates that certain modifications to the undercrossing (i.e., changes to the east opening of the undercrossing) are needed to accommodate the design of CITY's golf course (the "Undercrossing Modifications"). If CITY timely satisfies all of its reimbursement obligations under this Agreement, CITY shall be entitled to withhold at the time of CITY's final reimbursement to DEVELOPER the amount of Eighty-Four Thousand Dollars ($84,000) from the City's Share for the purpose of paying for the cost of constructing the Undercrossing Modifications. If the Undercrossing Modifications cost less than Eighty-Four Thousand Dollars ($84,000) or are not initiated by CITY within three (3) years after the date of CITY's final reimbursement to DEVELOPER, then any unused funds shall be released to DEVELOPER. 2.3 Completion. "Completion" means the date when both of the following conditions have been satisfied: (a) Delivery of a notice of completion by DEVELOPER to CITY, and (b) Acceptance by CITY of the Street Improvements. DEVELOPER and CITY shall cooperate to obtain acceptance of the Street Improvements by CITY and release of all bonds posted with CITY. The Street Improvements shall be deemed accepted by CITY when they are open for vehicular use. Immediately upon Completion, CITY shall maintain the Street Improvements, assume responsibility for all maintenance of and liability relating to the Street Improvements (excluding DEVELOPER'S warranty for SD\1117882-9 5 workmanship and responsibility for completing "punch list" items) and perform all slope maintenance and erosion control measures required by CITY and any other governmental agency. 3. Notices. All notices, requests and other deliveries hereunder shall be in writing and either personally delivered or sent by certified mail, postage prepaid, return receipt requested, addressed to the party to be notified at the address specified herein: If to DEVELOPER: Carlsbad Ranch Company Attention: General Partner c/o Carltas Company 5600 Avenida Encinas, Suite 100 Carlsbad, California 92008 with a copy to: Mr. David C. Meyer Carltas Development Company 5600 Avenida Encinas, Suite 100 Carlsbad, California 92008 If to CITY: City of Carlsbad Attention: John J. Cahill 1200 Carlsbad Village Drive Carlsbad, California 92008 Any such notice shall be deemed received on the date of personal delivery to the party (or such party's authorized representative) or three (3) business days after deposit in the U.S. mail, as the case may be. Any party may change its address for notice purposes by sending a notice to the other party in the manner described above. 4. General Provisions. 4.1 Governinq Law. This Agreement shall be governed, interpreted, constructed and enforced in accordance with the laws of the State of California. 4.2 Successors. The burdens and obligations of the parties under this Agreement shall be binding upon, and the rights and benefits of this Agreement shall inure to the successors-in-interest of the parties hereto. SD\1117882-9 6 4.3 Amendment. This Agreement may be amended or terminated by a written instrument executed and acknowledged by each party. 4.4 Approvals. All approvals and consents requested or required pursuant to this Agreement shall not be unreasonably withheld and shall be deemed given if the party to approve or consent to the same does not deliver its written disapproval (indicating in reasonable detail the grounds therefor) to the requesting party within the time period specified for giving such approval, or, if no specific time deadline is specified, within thirty (30) days after receipt of a written request for approvakonsent by the party requested to provide the same. 4.5 Time. Time is of the essence of each provision of this Agreement. Developer: CARLSBAD RANCH COMPANY, L.P., a California limited partnership By: Carltas Company, a California limited partnership, its General Partner By: Carltas Management, a California Citv: Y APPROVED AS TO FORM ATTEST: AND CONTENT: Aletha L. Rautenkranz, City Clerk SD\1117882-9 7 STATE OF CALIFORNIA COUNTY OF SAN DIEGO On /??ARC# 27 , 1998, before me, the undersigned Notary Public, personally appeared CHRISTOPHER C. CALKINSxpersonally known to me W-kwW to be the person# whose name# ish subscribed to the within instrument, and acknowledged to me that he/-sk#w+ executed the same in his- authorized capacity(ief), and that by his- ' signature# on the instrument the person#, or the entity upon behalf of which the person# acted, executeqhe instrums (S E A L) STATE OF CALIFORNIA COUNTY OF SAN DIEGO On , 1998, before me, the undersigned Notary Public, personally appeared 0 personally known to me or 0 proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) idare subscribed to the within instrument, and acknowledged to me that helshelthey executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s1, WITNESS my or the entity upon behalf of which the person(s) acted, executed the instrument. hand and official seal. Notary Public's Signature (S E A L) SD\1117882-9 8 LIST OF EXHIBITS A B C Legal Description of City's Property Typical Sections of the Street Improvements Estimated Costs of Street .Improvements and City's Share SD\1117882-9 9 EXHIBIT A Leaal Description of City's ProDerty THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF SAN DIEGO, CITY OF CARLSBAD, AND IS DESCRIBED AS FOLLOWS: That certain land located (i) north of and abutting Palomar Airport Road, (ii) east of and abutting Hidden Valley Road, (iii) south of the future extension of Cannon Road and (iv) west of College Boulevard, all as is more particularly depicted in Exhibit A-1 attached hereto. APN: 21 2-041 -1 2 through 37, inclusive SD\1 1 1 7882-9 10 C 2 L EXHIBIT A-1 TO AGREEMENT FOR REIMBURSEMENT OF / EXHIBIT B Typical Sections of the Street Improvements SD\1117882-9 12 EXHIBIT "B" TvDical Sections of the Street Imwovements rc F R/W 6 2' L I,\ 34' 28' 1 L I 14' 20' 20' 8' I I 1 IH 5.5' W * PCC SIDEWAU . T. 1. = 7.0' TYPICAL SECTION HIDDEN VALLEY ROAD (LOOKING NORM) N'LY TERMINUS TO STA.44+33.94 N.T.S. PCC SIDEWALK 4' A.C./6' A.B.(MIN) 6' WE 'G' CURB & GUmR TYPICAL SECTION HIDDEN VALLEY ROAD (LOOKING NORTH) N.T.S. STA.49+18.11 TO PALOMAR AIRPORT ROAD NOTE: REFER TO PLAN MEW FOR TRANSI'TIONS FROM STA.44+33.94 TO STA.49+18.11 AND AROUND CULaE-SAC c EXHIBIT C Estimated Costs of Street Improvements and City's Share SD\l 1 1 7082-9 13 EXHIBIT "C" Estimated Cost of Street Improvements and City Share HIDDEN VALLEY ROAD Gndirg tp*r#ta) Remedial Cut & Fill 112 Haul Compaction Fine pade Brow Ditches 25,443 54% 22,057 46% 47,500 $ 9,615 54% 8,335 46% 17,950 S 17,884 54% 15,504 46% 33.388 S 17,884 54% 15,504 46% 33,388 $ 114,332 54% 99,118 46% 213,450 6 201 54% 174 46% 375 f ~~~ ~~ ~ ~~ ~~ ~ ~ ~ ~ ~ ~~ ~ I$ Water I 54% 0 46% I$ 0 46% I$ Clear & Grub I 54% Totals St 2,254 49% 2,341 51% 4,595 $ 6" type G curb & gutter 13,485 54% 11,509 46% 24,994 $ 4" conc sidewalk 521 87% 75 13% 596 $ 7 112" conc commercial dnveway I 50% 2s Pedesman ramp 94,311 72% 36,893 28% 131,204 $ Subgrade preparation 2,254 ~ 49% 2,341 51% 4,595 $ Cut curb grade / backfill curb Sidewalk grading 13,485 54% 11,509 46% 24,994 $ 4" A C pavement 2,187 74% 767 26% 2,954 $ 8' CL I1 AB Matenal 4,769 72% 1,866 28% 6,635 $ ~~ I 54% 0 46% ~~ ~ ~ Mobilization ~~ ~ ~ p~ ~~- ~~ ~~ ~ ~~ ~ ~~ I 50% ~ ~~~ ~ ~~ ~~ ~~ ~ ~ ~ ~~ ~ ~~~~ ~ ~ ~ Street light 5 56% 4 44% 9$ Street light pull box 5 56% 4 44% 9s Survey monument 3 5 50% 35 50% 7s Guard post 0 5 ~~ 50% 0 5 p50°/o I$ Continuous hamcade Totals D 16" PVC water 1,124 50% 1,124 50% 2.248 6 12" PVC water 22 50% 22 50% 44 $ 16" butterfly valve 4 50% 4 50% 86 12" gate valve I 50% I 50% 16 52 6 ~ p~ 26 50% ~~ 26 50% ~~ F H assembly 2" blow off assembly 2" ar release 16" connection 8' PVC water stub Totals Domestic 16" butterfly valve 0 0% 5 100% 5s 2" air release 0 0% 5 100% 5$ 16" connection 0 0% I 100% I$ Totals 16" PVC water 0 0% 2,270 100% 2,270 $ ~~ ~~ Reelrimcd SB~&rn4) ~~~ 12" PVC water 12" PVC water (in existing street) 6" PVC water stub 12" COM to existing 12"gate valve ~p ~ ~ ~ - 11405 50% 11405 50% 2,281 S 225 50% 45 s 225 50% 0 5 50% Is 05 50% 1% 05 50% 0 5 50% 45 50% 45 50% 9% ~p ~~ ~~ ~~~ ~ ~ ~~ ~~ _____ ~ ~ ~~~~ ~ ~~ ~~ 2" air release 3.5 50% 3.5 50% 7s 2"blow-off assembly 05 50% 05 50% 1% 825 $ ~~ Pavement remove /replace 4125 50% 4125 50% ~~ Totals 086 CY $ 084 CY $ 015 CY 0 018 CY $ 006 SF $ 750 LF $ 8,52550 LS $ 7,69400 LS $ - 7.36000 LS $ S 21,881 $ 8,076 $ 2,683 $ 3,219 $ 6,860 $ 1,506 $ 4,567 $ 4,121 $ 3942 $ 56,855 $ 18,969 $ 7,002 $ 2,326 $ 2,791 $ 5,947 $ 3,959 $ 3,573 $ 3,418 $ 49,290 S 1,306 $ 40.850 15,078 5,008 6,010 12,807 2,813 8,526 7,694 7,360 106,145 465 LF $10,481 $10,886 $21,367 I I5 SF $15,508 $13,235 $28 743 230 SF $1,198 $173 $1,371 35000 EA $350 $350 $700 012 ~ SF ~ $11,317 $4,427 $15,744 -~ - - 100 SF ~ $2,254 $2,341 $4,595 015 SF $2,023 $1,726 $3,749 1120 TN $53,413 $20,899 $74,312 27 10 TN $59,268 $20,786 $80,053 2,20000 EA $1 1,000 $8.800 $19,800 5200 EA $260 $208 $468 40000 EA $1,400 $1,400 $2,800 25000 EA $125 $125 $250 3000 ~ LF $780 $780 $1,560 $169,317 $86,136 S255.513 ~~ 3800 LF 2400 LF 4,421 00 EA 1,14300 EA 2,24000 EA 1,47400 EA 1,91800 EA 4,00000 EA 3,45000 EA - - ~~ ~ ~ $ 42,712 $ $ 528 $ $ 17,684 $ $ 572 $ $ 8.960 $ $ 1.474 $ $ 7,672 $ $ 2,000 s $ 3450 $ S 85,052 S 42,712 6 528 $ 17,684 $ 572 $ 8,960 $ 1,474 $ 7,672 $ 2,000 $ 3,450 $ 85,052 $ 85,424 1,056 35,368 1,143 17,920 2,948 15,344 4,000 6,900 170.303 - $ 86,260 $ 86.260 4,421 00 EA $ - $ 22.105 $ 22,105 -$ 9,590 $ 9,590 1,91800 EA $ 4,00000 EA $ -$ 4,000 $ 4,000 S - S 121,955 S 121,955 3800 LF S 2600 LF 9500 LF 2,025 00 EA 3,50000 EA 1,14300 EA 1,91800 EA 1,47400 EA 800 SF ~~ ~~ $ 29,653 $ 29,653 $ 59,306 ~~~ $ 2,138 $ 2,138 I 4,275 $ 1,013 $ 1,013 $ 2,025 6 1,750 6 1,750 $ 3,500 6 5,144 $ 5,144 $ 10,287 6 6,713 $ 6,713 S 13,426 ~ s 737 $ 137 $ 1,473 $ 3,300 S 3,300 $ 6,600 S 50,447 S 50,447 S 100,893 Prepared by Kahr Associates Page I of 2 Hvrsurn 3/26/98 EXHIBIT "C" Estimated Cost of Street Improvements and City Share Access hole 45 50% 45 50% 9 $ 1,90000 EA S 8,550 $ 8.550 $ 17,100 Drop access hole 05 50% 05 50% I $ 2,80000 EA $ 1.400 $ 1,400 $ 2,800 8" PVC sewer 11165 50% 11165 50% 2,233 S 1600 LF S 17.864 $ 17,864 $ 35.728 8" PVC sewer (in existing street) 69 50% 69 50% 138 S 5500 LF $ 3,795 $ 3,795 $ 7,590 8" PVC sewer stub 05 50% 05 50% 1 6 80000 EA $ 400 $ 400 $ 800 Video inspection of sewer Totals 1208 ~~ 50% ~ 1208 50% 2,416 $ 100 ~ LF $ 1,208 $ 1,208 $ 2,416 S 33,217 S 33,217 S 66,434 S 182 2 93% 128 66% 195 $ 1850 LF $ 3,370 $ 238 $3,608 Local depression Curb outlet ~ 09 ~ 93% 01 66% I $ 1.50000 EA $ 1,401 $ 99 $1,500 1504 93% 106 66% 161 $ 3000 LF $ 318 $4,830 4,512 $ 18" RCP (1350-0) 24" RCP (1350) 9192 93% 648 66% 984 6 3600 LF S 33,090 $ 2,334 $35,424 ~~ ~ ~~ ~~ ~ ~~~ ~~ ~ 30" RCP (1350-0) 36" RCP (1350-0) 24" RCP (1350-O)(WT.l) 30"RCP (135O-O)(WTJ) 8' Type B- I curb inlet 15' Type B-l curb inlet 17' Type B-l curb inlet Modified wing type headwall Type A4 SD cleanout ~~ 14 9 93% 421 3 93% I8 7 93% 374 93% 0 9 93% 2 8 93% 19 93% 09 93% ~ ~~ ~ ~ ~~ ~ ~ ~~~ ~~ ~~ 6.5 93% ~ I I 66% 16 6 29 7 6 6% 451 $ I3 66% 20 $ 26 66% 40 S 01 66% IS 02 66% 3s 2s 0 I 66% IS 0 I 6 6% 0 5 66% 7% ~~ ~ ~~ ~~ ~ ~~ ~ ~~ ~ ~ ~~ ~~ ~ 4400 LF S 658 5200 LF $ 21,907 4800 ~ LF $ 897 5600 LF $ 2,092 2,90000 ~ EA S 2,709 3,30000 EA S 9,248 3,60000 EA 6 6,726 1,80000 EA S 1,681 2,20000 EA 6 14,385 ~~ ~ ~~ S 46 $ 1,545 $ 63 s 148 f 191 $ 652 s 474 $ 119 S 1,015 $704 $23,452 $960 $2,240 $2,900 $9,900 $7,200 $1,800 $15,400 Concrete lug 09 93% 0 1 66% I S 60000 LF $ 560 S 40 $600 Brick & mortar plug Totals 37 93% 03 66% ~ 4 $ 50000 EA $ 1,868 $ 132 $2,000 S 105,103 S 7,414 SI 12.51 8 Lump Sum ftannr 53.56% 46.44% Mobilization I S ~~ 9,00000 LS ~ 6 4,821 $ 4,179 S 9,000 Water ~ ~~ ~ I S ~~ 5,00000 LS ~ $ 2,678 $ 2,322 S 5,000 Clear & Grub ~~ ~~ I S 42,30000 ~ LS $ 22,657 6 19,643 $ 42,300 Traffic control ~~ ~~ I S ~~ 11,00000 LS ~ $ 5,892 $ 5,108 S I 1,000 Handle underground spoils ~~ ~~ I S ~ 6,50000 ~ LS $ 3,482 $ 3,018 S 6,500 Landscape & irrigation I S 174,98100 LS $ 93,726 $ 81,255 $ 174,981 Signs & striping Traffic signal modification I S 7,440.00 LS $ 3.985 E 3,455 s 7,440 I $ 16,50000 LS $ 8,838 $ 7,662 S 16,500 I S 110,50000 LS $ 59,188 $ 51,312 S 110,500 I $ 198,71800 LS S 106,441 $ 92,277 S 198,718 S 311,709 S 270,230 S 581,939 Construction Total S 811,759 $ 703,740 S 1,515,499 53.56% 46.44% ~~ ~ ~~ $ 15,517s 13,453s 28,970 ~~ $ ~ 22,148 $ 19,201 $ 4 1,349 ~~~~ ~ General conditions Fee/Insurance Totals Incidenral Costs Engineering Soils Engineering ~~ ~ Field engineenng (surveying) ~ ~ $ 9,877 $ 8,563 $ 18,440 Archaeological $ 3,214 S 2,786 f 6,000 Paleontological 6 2,339 $ 2,027 I 4,366 Field representative $ 18,747 6 16,253 S 35,000 Utility Design $ 4,606 S 3,994 $ 8,600 Bonds (I 2%) ~~ s 4,574 $ 3,966 $ 8,540 City Bonds ~ ~ ~ S 11,427 S 9,907 $ 21,334 ~~ ~~ ~~ ~ ~~~ S 40,588 $ 35,187 75,774 96 Job oversight (5%) Incidental Total S 133,038 S 115,335 $ 248,374 Project Contingency (15%) S 141.720 S 122,861 S 264,581 Project Totals S 1,086,517 S 941,937 5 2,028,454 Hvrsum 3/26/98 Prepared by Kahr Associates Page 2 of 2 From: Sherri Howard To: Michele Masterson Date: 8/27/01 8:25AM Subject: I spoke with Chris Calkins from Carltas. John Cahill prepared the agreement and Carltas has been reimbursed. Everything is complete. >>> Michele Masterson 08/24/01 05:07PM >>> Sherri, Re: Fwd: Need Info Re Hidden Valley Rd. Reimbursement - Is is something that you processed with Carltas while working on Carlsbad Ranch/Legoland? Michele cc: Karen Kundtz From: Karen Kundtz To: Michele Masterson Subject: Michele/Helga, Hope one of you can help, or point us in the right direction. In June, 1998, the Council approved an agreement with Carltas Co. for construction of improvements for Hidden Valley Rd. We need to find out if the city has already reimbursed Carltas for the costs. (The original agreement was not recorded, if the costs have not been reimbursed, we will probably need to record the document now.) Any help is greatly appreciated! Karen Need Info Re Hidden Valley Rd. Reimbursement cc: Helga Stover; Lorraine Wood; Ron Ball June 23,1998 TO: City Clerk FROM: City Attorney CARLSBAD RANCH - HIDDEN VALLEY ROAD REIMBURSEMENT AGREEMENT CITY COUNCIL MEETING OF TUESDAY, JUNE 16,1998 -AGENDA ITEM N0.6 Attached to this memorandum, please find the original letter of June 15, I998 from my office which has been executed by Carltas Company agreeing to a contemporaneous interpretation of the phrase “are not initiated by City within three years after the date of City’s final reimbursement” to mean that the funds under the agreement will be released to the developer only if the undercrossing modifications are not initiated by the City within three years after the date of City’s final reimbursement to developer through no fault of the City or arising from conditions within the City’s control. Please make this part of the Council’s action in your file of the approval of this contract. Ward* I appreciate your cooperation and courtesy RONALD R. BALL City Attorney rm h attachment c: City Manager (with attachment) Deputy City Attorney RONALD R. BALL CITY ATTORNEY D. RICHARD RUDOLF ASSISTANT CITY ATTORNEY JANE MOBALDI DEPUTY CITY AlTORNEY CITY OF CARLSBAD 1200 CARLSBAD VILLAGE DRIVE CARLSBAD, CALIFORNIA 92008-1 989 (760) 434-2891 FAX: (760) 434-8367 June 15,1998 Joseph A. Delaney, Esq. Gray Cary Ware Freidenrich, L.L.P. 401 B Street, Suite 1700 San Diego, California 921 01 -4297 RE: CARLSBAD RANCH/HIDDEN VALLEY ROAD Dear Mr. Delaney: Approval of the reimbursement agreement for construction of Hidden Valley Road is on the City Council's agenda for tomorrow evening. In briefing the agreement with members of the City Council, they expressed concern over the language on page five obligating the City to release the $84,000 withheld from Carlsbad Ranch Company for the Undercrossing Modifications, if such modifications "are not initiated by City within three-years after the date of City's final reimbursement". The City may be unable to initiate such modifications within three years through no fault of its own, for instance if the City is unable to obtain the requisite permits from environmental agencies prior to commencing the golf course project. Therefore, the City would like this letter to reflect the understanding of Carlsbad Ranch Company, that the intent of the agreement is to entitle Developer to release of any unused funds only if the Undercrossing Modifications are not initiated by the City within three years after the date of City's final reimbursement to Developer through no fault of the City or conditions within the City's control. If at any time hereafter the golf course project is abandoned for any reason, the City will immediately release to Developer the withheld funds. If this clarification meets with your client's approval, please have the acknowledgment line below executed and return this letter to me for inclusion with the contract for approval. Very truly yours, L/ JANE MOBALDI Deputy City Attorney ACKNOWLEDGED AND FCEPTED. CARLSBAD RANCH COMPANY, L.P. a California limited partnership By: Carltas Company, a California limited partnership, its General Partner afs By:Carltas Management, a California corporation, its General Partner