HomeMy WebLinkAboutGreystone Homes Inc; 2000-07-31;AGREEMENT FOR REIMBURsEMENT OF COSTS FOR
OVERSIZING WATER PIPELINE
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IMPROVEMENTS WITHIN MERMAID LANE AND NEPTUNE DRIVE
CMWD PROJECT NO. 98-407A
THIS AGREEMENT FOR REIMBURSEMENT OF COSTS FOR OVERSIZING WATER
PIPELINE IMPROVEMENTS WITHIN MERMAID LANE AND NEPTUNE DRIVE, CMWD
PROJECT NO. 98-407A, dated as of JULY 35 2000 (this “Agreement”), is made at Carlsbad, California,
between GREYSTONE HOMES, INC., a Delaware corporation (“Greystone”), and the CARLSBAD
MUNICIPAL WATER DISTRICT, a Public Agency organized under the Municipal Water District Act of
1911, and a Subsidiary District of the City of Carlsbad (the “District”), with reference to the following
recitals: .
RECITALS
A. Greystone is the record owner of certain real property commonly known as Poinsettia Shores
Planning Area C, located in the City of Carlsbad, California (the “City”), more particularly described as
Lots 1 through 40, inclusive, of Map No.13954, filed in the Office of the County Recorder of San Diego
County on March 7,200O as File No. 2000-184910 (“Santalina”).
B. The Planning Commission of the City adopted Resolution Nos. 4461, 4462, 4463, and 4464, on
January 20, 1999, approving the Poinsettia Shores Planning Area C tentative tract map, condominium
permit, coastal development permit, and hillside development permit, relating to development of a
residential community in Santalina (collectively, the “Santalina Project Approvals”).
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C. The Santalina Project Approvals require Greystone to install eight-inch diameter pipelines in Blue
Dolphin Way, Neptune Drive, Mermaid Lane, and Seashell Court to meet the needs of the homes to be built
5
within Santalina (the “Project Requirements”).
D. The District has requested Greystone to substitute a 16-inch diameter pipeline for approximately
840 linear feet of the Project Requirements, from a point within Mermaid Lane, northwest within Mermaid
Lane to its intersection with Neptune Drive, and south within Neptune Drive to its connection with the
existing 16-inch diameter pipeline within Navigator Circle (the materials and labor incurred in substituting
the 16inch diameter pipeline for the Project Requirements are referred to in this Agreement as the “Water
Work” and are more particularly described in Section 3(a), below).
E. The District and Greystone recognize and acknowledge that the Work exceeds the infrastructure
otherwise required of Greystone in connection with its build-out of Santalina. Greystone agrees to install or
cause the installation of the Water Work provided that the District agrees to reimburse Greystone as set
forth in this Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:
RECITALS.
1. The Recitals are true and correct.
2. SATISFACTION OF OBLIGATION. Greystone’s agreement to perform the Water Work, as
set forth herein, and the actual construction thereof, shall fully satisfy and constitute compliance with all
requirements regarding Santalina solely with respect to the Water Work.
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3. GREYSTONE’S OBLIGATIONS.
(a) In consideration of the District’s reimbursement and other undertakings as set forth herein,
Greystone agrees to install the Water Work. The Water Work shall include the following improvements, as
described on Exhibit “A”: approximately 840 linear feet of 16-inch diameter potable water pipeline
beginning at a point within Mermaid Lane, running northwest within Mermaid Lane to Neptune Drive,
then south within Neptune Drive to its intersection with Navigator Circle, together with all necessary
valves and appurtenances, including those necessary to connect the Work both to the District’s main as it
emerges west of Interstate 5 and to the District’s existing 16-inch diameter pipeline within Navigator Circle.
The Water Work is shown on City Drawing No. 381-8, Sheets 5 and 6, prepared by O’Day Consultants (the
“Plans”).
(b) Greystone shall complete the Water Work at such time as Greystone, in its sole discretion,
shall determine, provided that the District timely satisfies all of its obligations under this Agreement. Any
portion of the Water Work completed before the effective date of this Agreement shall be included as a part
of the Water Work for reimbursement, subject to the other provisions of this Agreement.
(c) Greystone shall install the Water Work substantially in compliance with the District-
approved Plans and specifications, and other design documentation for the Water Work.
(d) By entering into this Agreement Greystone waives any and all potential constitutional
(Nollan/Dollan) objections to the Water Work.
4. THE DISTRICT’S OBLIGATIONS.
(a) The District shall reimburse Greystone in the manner described in this Section 4 and
Sections 5 and 6, below, for the total costs incurred by Greystone in installing the Water Work, including
without limitation attorneys’ fees and costs incurred in the preparation of this Agreement, engineering
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.
review and coordination, and the costs of materials and labor, less the costs Greystone would have incurred
in installing the Project Requirements alone, (together, the “Total Oversizing Cost”). The Total Oversizing
Cost is currently estimated to be $53,463.50 itemized estimate of the Total Oversizing Cost is attached to
this Agreement at Exhibit “B.”
(b) The District shall reimburse Greystone an amount ( the “Reimbursement Amount” ) equal
to: ( i ) the actual Total Oversizing Cost (regardless of whether the actual Total Oversizing Cost meets or
exceeds the estimated Total Oversizing Cost set forth in Subsection 4(a), above); plus, ( ii ) an overhead
allocation of four percent ( 4% ) of the actual Total Oversizing Cost in lieu of other reimbursement for
Greystone’s costs incurred for salary and benefits for staff of Greystone’s home offices, supervision above the
level of on-site superintendent, general corporate, legal, and accounting fees, the cost of borrowed funds,
insurance and bond premiums, and expenses for meetings with and presentations to governmental agencies
which issue permits or otherwise regulate project approval, (collectively, the “Overhead Costs”); plus, (iii) an
additional two and one-half percent (2.5%) of the actual Total Oversizing Cost for construction
administration, construction fees, and permit fees advanced by Greystone, and other incidental costs ((i), (ii),
and (iii), together, the “Total Reimbursable Cost”). The actual Total Reimbursable Cost shall include all
costs associated with the installation of the Water Work noted in Exhibit “B.” The Total Reimbursable Cost
is concurrently estimated to be $56,938.63, calculated as follows:
Estimated Total 4% Overhead
Oversizing Cost Costs Allocation
$53,463.50 $2,138.54
2.5% Additional
cost
$1,336.59
Estimated Total
Reimbursable Cost
$56,938.63
.
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5. ACCOUNTING OF COSTS.
(a) When an item of the Water Work has been completed, as described in Subsection 5(c),
below, Greystone shall present the District with a complete and detailed accounting of the costs and
expenses advanced by Greystone in connection with the Water Work.
(b) The District acknowledges that Greystone has selected Burtech Pipeline (the
“Contractor”) as contractor to install the Water Work because the Contractor submitted the lowest
responsive bid to install the Water Work, and the District hereby approves Greystone’s selection of the
Contractor as contractor to install the Water Work.
(c) During the performance of any of the Water Work, Greystone shall retain detailed
payment records for all items of the Reimbursement Amount for use by the District in auditing any
subsequent requests by Greystone. Greystone’s requests for reimbursement, each a “Reimbursement
Request,” shall include copies of contracts or change orders, invoices, and conditional lien releases
conditioned only upon payment of the submitted invoices (“Work Documentation”) to evidence the
completion and payment for each item of the Reimbursement Amount. Reimbursement Requests may be
submitted in stages upon completion of any item of the Water Work in conformance with Subsection 5(d),
below.
(d) Greystone shall send one copy of each Reimbursement Request to the Public Works
Director of the City together with the Work Documentation. The Public Works Director shall consider and
approve each Reimbursement Request pursuant to this Agreement. If the Public Works Director objects to
any items comprising the Reimbursement Amount, the Public Works Director shall notify Greystone in
writing, toget_her with reason(s) for objection, within ten (10) calendar days of receipt of Greystone’s
Reimbursement Request. Failure to timely notify Greystone shall be deemed the Public Works Director’s
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approval of the Reimbursement Request. In the event the Public Works Director does object, Greystone
and the Public Works Director shall meet within five (5) calendar days of Greystone’s receipt of the Public
Works Director’s written objection(s) to discuss the disputed amount and attempt to resolve the matter
through good-faith negotiation.
(e) Notwithstanding the foregoing, if Greystone disputes the Public Works Director’s
determination of a Reimbursement Amount or believes that a sum established by the Public Works Director
is not consistent with the specific provisions of this Agreement, then Greystone may elect to: ( i ) appeal the
Public Works Director’s decision to the District’s Board of Directors (and thereafter, at Greystone’s option, a
Court of proper jurisdiction) for final determination; or ( ii ) submit the dispute for the review and
recommendation of a neutral and independent civil engineer qualified in engineering, design, and
construction and mutually approved by the District and Greystone; provided, however, said engineer’s
recommendation shall be non-binding and shall not preclude Greystone from thereafter appealing said
Engineer’s decision as described in item ( i ), above. The District and Greystone shall share equally in the
costs of the engineer’s services if Greystone elects to submit the dispute pursuant to subparagraph (ii) of the
subsection 6(e).
(f) Prior to the submission to the Public Works Director of the final invoices (the “Final
Reimbursement Request”), Greystone shall obtain necessary or appropriate lien releases from its contractor
and shall obtain the City’s permission to base pave Mermaid Lane and Neptune Drive between Mermaid
Lane and Blue Dolphin Way. The date Greystone receives all such lien releases and such permission shall be
deemed to be the date of completion of the Water Work (the “Completion Date”).
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(g) Greystone may submit its Work Documentation and Reimbursement Requests at any
time. Any delay by Greystone in such submittals shall not prejudice Greystone’s rights, but shall delay day-
. .
for-day the time in which the District must make any responsive action
6. DISTRICT’S PAYMENT OF REIMBURSEMENT AMOUNTS.
The District shall remit payment to Greystone within 30 calendar days of the District’s receipt
of each Reimbursement Request (as approved pursuant to Section 5, above), provided that the District’s
payment of the final Reimbursement Request shall be due to Greystone within 30 calendar days of the
Completion Date.
7. TERM.
The obligations of the parties incurred pursuant to this Agreement and 6, above, will expire
upon the earlier to occur of: (i) February 1, 2002; or (ii) the parties’ complete satisfaction of their respective
obligations incurred pursuant to Sections 3,4, 5, and 6, above.
Notwithstanding the foregoing, any obligations contained in Sections 8, 9, and 10, below,
together with all other provisions of this Agreement required to effectuate the purposes of such sections,
shall survive the expiration of this Agreement.
8. INDEMNIFICATION, DEFENSE. AND HOLD HARMLESS.
To the maximum extent permitted by law, the District hereby agrees to absolutely and
unconditionally indemnify, defend, and hold harmless Greystone, its partners, shareholders, officers,
employees, agents, contractors, licensees, invitees, guests, in their individual and corporate capacities,
homebuyers, and all their respective successors and assigns (collectively, the “Indemnitees”) from and against
any and all obligations, liabilities, claims, demands, actions, causes of action, administrative orders, consent
agreements and orders, injuries, losses, penalties, costs, damages, attorneys’ fees, and other expenses of any
P:Revised Agreement.doc:46082.002 13 Jun 00 7
kind or character (collectively, the “Claims”)which any ,of them may at any time suffer, sustain or incur,
arising directly or indirectly, in whole or in part, out of the District’s design of the Water Work. The
z.
District’s obligations under this Section 8 survive the termination of this Agreement.
The District, immediately upon demand of Greystone, shall absolutely and unconditionally prosecute
or defend any action brought against the Indemnitees, or any of them, arising directly or indirectly, in whole
or in part, out of or in any way connected with the Activities, whether or not the District is joined in the
action, proceedings or order, or whether or not separate actions, proceedings or orders have been brought
against the District. Greystone shall provide reasonable notice and tender its defense upon receipt of any
claim for which it seeks indemnity pursuant to this Section 8.
Nothwithstanding the foregoing, the indemnification, defense, and hold harmless set forth above, is
not intended to, and shall not, extend to acts or omissions of any Indemnitee (including Greystone)
constituting gross negligence or willful misconduct.
9. RELEASE.
The District hereby waives, releases, acquits, and forever discharges each of the Indemnitees to
the maximum extent permitted by law, of and from any and all claims, actions, causes of action, demands,
rights, liabilities, damages, losses, costs, expenses, or compensation whatsoever, direct or indirect, known or
unknown, foreseen or unforeseen, that now exist or which may arise in the future on account of or in any
way growing out of or connection with the Activities. THE DISTRICT EXPRESSLY WAIVES ANY OF
ITS RIGHTS GRANTED UNDER CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES
AS FOLLOWS:
,“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS
P:Reuised Agreement.doc:46082.002 13 Jun 00 8
FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
SETTLEMENT WITH THE DEBTOR.”
Notwithstanding the foregoing, the release set forth above is not intended to, and shall not, release or
discharge Greystone or any other Indemnitee for acts or omissions constituting gross negligence or willful
misconduct.
10. MISCELLANEOUS.
(a) Disputes; Claims. If a dispute should arise regarding the performance or interpretation of
this Agreement, the following procedure shall be used to resolve any question of fact or interpretation not
formally resolved by the parties. Such questions, if they become identified as a part of a dispute among
persons operating under the provisions of this Agreement, shall be reduced to writing by an officer of
Greystone (“Off leer”) or the District’s Executive Manager (“Executive Manager”). A copy of such
documented dispute shall be forwarded to both parties involved along with recommended methods of
resolution which would be of benefit to both parties. The Executive Manager, or Officer, upon receipt, shall
reply to the letter, including a recommended method of resolution, within ten calendar (10) days. If the
resolution thus obtained is unsatisfactory to the aggrieved party, a letter outlining the dispute shall be
forwarded to the Board of Directors for their resolution through the office of the City Manager of the City.
The Board of Directors may, but is not obligated to offer a solution to the dispute. If the Board of Directors
considers the dispute, and directs a solution, the action of the Board of Directors shall be considered an
advisory mediation only and nothing in this procedure shall prohibit the parties seeking remedies available
to them at law.
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(b) Jurisdiction and Venue. The parties agree and hereby stipulate that the proper venue and
jurisdiction for resolution of any disputes between the parties arising out of this agreement is San Diego
County, California.
(c) Obligations and Benefits Not Running; With Land; No Third Partv Beneficiaries. This
Agreement shall bind and inure to the benefit of the parties and their respective successors and assigns.
However, it shall not run with the land or be recorded, and all payments due from the District shall be made
to Greystone or such assignee as Greystone designates in writing. This Agreement shall not be deemed to
confer any rights upon any individual or entity which is not a party hereto; the parties hereto expressly
disclaim any such third-party benefit. Nothwithstanding any of the foregoing, Greystone shall have the
right to assign this Agreement, in its entirety and without the consent of the District, upon the sale of all, or
a substantial portion of, Santalina.
(d) Notice. Unless otherwise specifically provided herein, all notices, demands or other
communications given hereunder shall be in writing and shall be deemed to have been duly delivered upon
personal delivery, or by Federal Express (or similar reputable express delivery service), or by facsimile
transmission with back-up copy mailed the same day, or as of the second business day after mailing by
United States certified mail, return receipt requested, postage prepaid, addressed as follows:
If to Greystone: Greystone Homes, Inc.
Attention: Mr. Matt Howe
5780 Fleet Street, Suite 300
Carlsbad, CA 92008
Telephone: (760) 804-7700
Facsimile: (760) 804-7717
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with a copy to: Cynthia L. Eldred, Esq.
Solomon Ward Seidenwurm & Smith, LLP
401 “B” Street, Suite 1200
San Diego, CA 92101
Telephone: (619) 238-4814
Facsimile: (619) 231-4755
If to District: Carlsbad Municipal Water District
c/o City of Carlsbad
Attention: Lloyd Hubbs, Public Works Director
1635 Faraday Avenue
Carlsbad, California 92008
Telephone: (760) 602-2730
Facsimile: (760) 602-8562
or to such other address or to such other person as any party shall designate to the others for
such purpose in the manner set forth above.
(e) Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which, taken together, shall constitute one and the same
instrument.
(f) Governing; Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of California.
(g) Complete Agreement. This Agreement contains the entire agreement between the parties
with respect to the matters set forth herein, and supersedes all prior or contemporaneous agreements
(whether oral or written) between the parties with respect to the matters set forth herein,
(h) Amendment. This Agreement may be amended by a written instrument executed by the
District and Greystone (including for this purpose any successors of Greystone, to the extent of their
ownership of- real property within Santalina), except that no amendment regarding the provisions for
reimbursement to Greystone shall be valid unless executed by Greystone.
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(i) Payments to Grevstone. Any payments to Greystone by the District hereunder shall be
made payable to Greystone Homes, Inc. and shall be forwarded to the following address, or to such other
I
address as Greystone specifies in writing to the Public Works Director:
c/o Greystone Homes, Inc.
Attention: Mr. Matt Howe
5780 Fleet Street, Suite 300
Carlsbad, CA 92008
(j) District Authority. The District warrants, represents and agrees that it has the legal
authority to collect the funds that it will use to reimburse Greystone. The District further warrants,
represents and agrees that it has the legal authority to pay these funds to Greystone. These warranties,
representations and agreements are a material inducement to Greystone to enter into this Agreement. In the
event the District lacks legal authority to collect the fees necessary to pay Greystone, the District shall pay
the amount due Greystone out of other funds at the same rate as if it had collected the fees.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first set forth above.
Executed by GREYSTONE this /4* day of
June, 2000.
GREYSTONE:
GREYSTONE HOMES, INC.,
a Delaware Corporation
By: MIRE w LXZ’&mE
Title: San Diego Division - President
P:Revised Agreement.doc:46082.002 13 Jun 00 12
Executed by DISTRICT this 31~. day of
Jhy 2000.
DISTRICT:
CARLSBAD MUNICIPAL WATER
-
By:
Title:
(SEAL)
APPROVED AS TO FORM:
(Proper notarial acknowledgment of execution of GREYSTONE must be attached.)
(Chairman, president or vice-president and secretary or 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 that officer(s) signing to bind the corporation.)
(If signed by an individual partner, the partnership must attach a statement of partnership authorizing the
partner to execute the instrument.)
STATE OF CALIFORNIA ) .
> ss.
COUNTY OF SAN DIEGO )
On , 2000, before me, personally appeared
personally known to me (or proved to me on th: basis of satisfactory
evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to
me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their
signature on the instrument the person(s), or the entity upon whose behalf the person(s), acted, executed the
instrument.
WITNESS my hand and official seal.
[SEAL]
Notary Public
P:Revised Agreement.doc:46082.002 13 Jun 00 13
State of California
&I m%+@- County of 1
SS.
On omfi 141 zoo0 , before me, &r%? /&?, N’ob% &b/l‘c ,
Date
personally appeared
Name and Title of%fficer (e.g., “Jane && Notary Public”)
/fdtdhfd L. &fiZSQK<
Name(s) of Sign&) ,
@ personally known to me
to be the person@+ whose nameW@‘are
subscribed to the within instrument and
acknowledged to me tha@/she/tt%y executed
the same in 0 IS hdc/thejr authorized
capacity(te@, and that by @her/their
signaturew on the instrument the person(s), or
the entity upon behalf of which the person@)
acted, executed the instrument.
WITNESS
Place Notary Seal Above Signature of Notary Public
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document: f *&7k72 of&sh *
&ie=m+ g wie P!+frmL
Document Date: Number of Pages:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer
Signer’s Name:
q Individual
q Corporate Officer - Title(s):
0 Partner - 0 Limited 0 General
0 Attorney in Fact
III Trustee
0 Guardian or Conservator
0 Other:
Signer Is Representing:
Top of thumb here
0 1997 National Notary Association * 9350 De Soto Ave., P.O. Box 2402 - Chatsworth, CA 91313-2402 Prod. No. 5907 Reorder. Call Toll-Free l-800-876-6827
C
ACTION OF THE DIRECTORS OF
GREYSTONE HOMES, MC.
T,l\:<EN WITHOIJT X MEETING
In accordance with the provisions of Section )41(f) of the General Corporation Law of the State of
Delaware the following action was taken by unanimous consent of the members of the Board of Directors of
Greystone Homes, Inc. without a meeting: *
RESOLVED, that Mike Levesque is hereby elected President, San Diego Division
of this Corporation.
RESOLVED, that Mike Levesque, acting alone be and is hereby authorized on
behalf of this Corporation to enter into contracts for services, purchase materials and
supplies, execute applications, government and quasi-government pennits and licenses,
obtain FHA and VA approvals, enter into written contracts with City and County agencies
(including school districts) preliminary to or concurrent with the subdivision of real property
owned, or under contract to purchase by sale agreement or option, which contracts are a part
of said subdivision process, execute documents or instruments burdening this Corporation’s
real property as a part of the subdivision process, includin, D but not limited to Subdivision
Improvement Agreements, easements, rights-of-way, licenses, covenants, conditions and
reservations (“CC&R’s”), annexation agreements, applications for Department of Real Estate
public reports, title company indemnification agreements relating to Corporation real
property, public and quasi-public utility service applications and contracts, temporary entry
agreements, contracts for the sale or rental of this Corporation’s residential real property
when such real property is improved with a housing unit and is a part of a residential
subdivision which latter authority includes the authority to execute escrow instructions,
Grant Deeds and other instruments of conveyance, and all other contracts involving this
Corporation’s ordinary course of business EXCEPT he shall have no authority to borrow
money, purchase real property, sell real property other than as hereinabove permitted or
execute surety bonds on behalf of this Corporation.
RESOLVED FURTHER, that the authority herein conferred shall remain in force until
revocation thereof by the Board of Directors of this Corporation.
EXHIBIT “A”
MAP OF THE WORK
[TO BE ATTACHED] .,
P:Revised Agreement.doc:46062.002 13 Jun 00 14
1 EXHIBIT 2’ -
LEGEND:
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PRoposED 16’ WATT@
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-
EXHIBIT, “B”
ESTIMATED TOTAL OVERSIZING COST
[TO BE ATTACHED] w
P:Revised Agreement.doc:46082.002 13 Jun 00 15
EXHIBIT “B”
ITEM DESCRIPTION
16” Class 150 P.V.C. Water Main
16” gate valve- flanged
16” adaptors- PO x FL
16” Cut-in Connection at Navigator Circle
Firehydrant tee & thrust block
2” air vat assembly saddle
2” blow off saddle
2” manual air release assembly at intersection
of Greystone 16” system (onsite) and 16”
regional water line
2” manual air release saddle
1” water service saddle
8” Class 150 P.V.C. Water Main
8” gate valve- flanged
8” adaptors- PO x FL
8” Cut-in Connection at Navigator Circle
Firehydrant tee & thrust block
2” air vat assembly saddle
2” blow off saddle
2” manual air release saddle
1” water service saddle
QUANTITY UNIT UNIT COST TOTAL
833 LF $
7EA $
7EA $
IEA $
3EA $
IEA $
3EA $
IEA $
36.00
4,150.oo
350.00
6,500.OO
2,700.OO
1,995.oo
1,850.OO
1,850.OO
2 EA $ 1,850.OO
20 EA $ 600.00
$29,988
$29,050
$2,450
$6,500
$8,100
$1,995
$5,550
$1,850
$3,700
$12,000
Estimated Total of 16” system= $101,183
833 LF $
8EA $
7EA $
1EA $
3EA $
IEA $
3EA $
2EA $
20 EA $
16.50
850.00
125.00
3,800.OO
2,300.OO
1,800.OO
1 ,ooo.oo
900.00
450.00
$13,744.50
$6,800
$875
$3,800
$6,900
$1,800
$3,000
$1,800
$9,000
Estimated Total of 8” system= $47,719.50
Estimated Total Oversizing Cost of $101,183 (16” system) less $47,719.50 (8” system) = 1$53,463.50
City of Carlsbad
Records Management Department
July 3 1,200O
Mr. Matt Howe
Greystone Homes, Inc.
5780 Fleet St Ste 3OOfl
Carlsbad CA 92008
Re: Reimbursement agreement
The City of Carlsbad has approved the agreement for reimbursement of costs for over sizing
water pipeline improvements within Mermaid Ln. & Neptune Dr. - CMWD Project No. 9%
704A.
Enclosed please find a tilly executed copy of the agreement for your files. If you have any
questions please contact Bill Plummer, at the City of Carlsbad’s Engineering Department, 1635
Faraday Ave. Carlsbad CA 92008.
Debra Doerfler
Enclosure
1200 Carlsbad Village Drive * Carlsbad, CA 92008-l 989 - (760) 434-2808 @