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05) 7C Subdivision Map Approval Map No. 73633, 5654 and 5657 McCulloch Ave
AGENDA ITEM 7.C. CO MMUNITY DEVELOPMEN T DEPARTMENT MEMORANDUM DATE: Oct o be r 18 , 2016 TO : The Honorable City Cou nci l FROM : Bryan C ook , City Manage r Vi a : Mich ael D . Forbes, AI C P, Commun it y De vel o pm ent Director4 By : A da m Gulick, Associat e P lanner SUBJECT: FINAL SUBDIVISION MAP APPROVAL FOR TRACT MAP NO. 73633 , A 28-UNIT CONDOMINIUM PROJECT AT 5654 AND 5657 MCCULLOCH AVENUE RECOMMENDATION : Th e City Cou nci l is re q uested to : 1. Rece ive th e S ubdivisi on Im p rove me nt A g reeme nt (Attachm e nt "A "); 2. Approve T ra ct Map No . 73633 a nd dedications ind ica t e d on t he map (Attachment "B"); 3 . Authorize the C ity Manager to exec ute the Subdivi sion Improvement Agreeme nt ; a nd 4 . Authorize t he Ci ty Clerk to certify Tract Map No . 73633. BACKGROUND: 1. O n June 25 , 2 0 15 , the appl icant subm itted an application for a major site plan rev iew, a tentati ve tract map , and a lot line adjustme nt for the pro perties located at 5654 a nd 5657 McC ulloc h Aven ue. 2 . On June 25 , 20 15 , the tentative t ract map was distribu ted to the C ity 's Engineering D ivision , Los A nge les Cou nty Fire Department, an d utili ty compan ies for comments . 3 . On January 12 , 2016 , at a not iced public hea ring , the app licant requested to continue th e ite m to a future date to address some desig n re lated issues for t he proj ect. City Council Octobe r 18 , 2016 Page 2 of 3 4 . On February 9 , 2016 , at a noticed publ ic hearing , the Planning Comm ission reviewed and approved the major site plan review, tentative tract map , and lot line adjustment. The applicant has since worked with the City 's Engineering Division for the lot line adjustment and f inal map review . 5 . On March 14 , 2016 , the developer recorded a Certificate of Compliance for the lot line adjustment at the Los Angeles County Recorder 's Office that dedicated a portion of land to the adjacent neighbor. 6 . On September 14 , 2016 , the City Eng ineer (Transtech ) adv ised the City that the final map was approved from a technical standpo int. 7 . On October 5, 2016 , the property owner subm itted security bonds for the public right-of-way improvements and signed the Subdivision Improvement Agreement. 8. On October 5 , 2016 , Los Angeles County Fire Department advised the City that the final map was approved and all review fees were paid . ANALYSIS: The tentative tract map for the residential condominium development was approved earl ier this year. The approval was based upon the conclus ion that the proj ect would be consisten t w ith the General Plan and Zon ing Code , as we ll as with a ll appli cable development standards . The final map has been reviewed and signed by Transtech , who certified the map for technical accuracy and compliance w ith the Subdivision Map Act. The deve loper has signed the required Subd iv ision Improvement Agreement and paid security deposits necessary for the required street improvements . Approval of the final map w ill allow the developer to record the map and sell the units ind iv idually. CITY STRATEGIC GOALS: Approval of final Tract Map . No . 73663 will further the City's Strategic Goal of Economic Development. FISCAL IMPACT: Approval of this item will not have an impact on the City's budget. L__ --- City Council October 18, 2016 Page 3 of 3 ATTACHMENTS : A. Subdivision Improvement Agreement B. Reduced Copy of Final Tract Map No . 73633 RECORDED AT THE REQUEST OF AND WHEN RECORDED RETURN TO: (Document exempt from recording fees pursuant to Cal. Gov. Code§ 27383) C ITY OF TEMPLE CITY Attn: Bryan Cook, C ity Manager 970 I Las Tunas Drive Temple City, California 91780 ATTACHMENT A THIS SPACE FOR RECORDER'S USE O NLY SUBDIVISION IMPROVEMENT AGREEMENT FINAL TRACT MAP By and Between THE CITY OF TEMPLE CITY, A Municipal Corporation and OLSON URBAN II -TEMPLE CITY 2, LLC A Delaware Limited Liability Company DATED September 14, 2016 SUBDIVISION IMPROVEMENT AGREEMENT FINAL TRACT MAP 73663 T h is Subdivision Improvement Agreement ("Agreem e nt") is entere d into as of th is 14 th day of Septembe r, 20 16 b y and b etween th e C ity o f Te mple C it y, a muni c ipal corpora t io n ("City") and OLSON U RBAN II -TEMPLE C ITY 2, LLC ("Developer"). City a nd Developer are so m etimes h e reinafter ind ividually refe rred to as "Party" a nd h ereinafter collectively referred to as the "P arties." RECITALS A . Developer has s ubmitted t o City an applicatio n for approval of a final tract map fo r real property located within City, a lega l description of w hich is attach ed h e re to as Exhibit "A". The tract map is id e nt ified in C ity record s as Tract Map No. 73663. On February 9th , 2016 th e C it y conditiona lly a pproved Tract o. 73663. B. Develo p e r h as not compl e ted all of t he work o r made a ll of the Public Improvements re quired by th e Subdiv is io n Map Act (Governm e nt Code sections 664 10 et ~.), ("Map Act") the C ity Ordinances, the conditions of a pprova l for Tract No. 73663 , o r othe r ordinances, resolu t io ns , or po licies of City requiring constru ction of improvem e nts in conjunction with the subdiv is ion of land . C. Purs u a nt to C it y Ordinances a nd the app lica b le prov1 s 1ons of the Ma p Act, Develo per a nd C ity e nter in to thi s Agreem e nt fo r t h e time ly construction a nd completio n of the Public Improvem e n ts a nd the furn ishing of the security t h e refor, acceptab le to th e City Engi neer a n d City Attorney, for Tract o . 73663 . D . C it y h as authority to e nte r into thi s S ubdiv ision Improvement Agreement pu rs u a nt to Government Code Sectio n s 66499-66499.10 . E. Purs uant to G overnment Cod e Section 66499, Devel oper 's execution of this Agreement and the prov is io n of the securit y ar e made in con sideration of C ity's approval of th e fin a l m ap for T ra c t No. 73663. DEFINED TERMS "Developer" sha ll m ean OLSO URBAN 11 -TEMPLE C ITY 2, LLC, a Delaware Limited L iabili ty Compa ny. T h e te rm "D evelo p e r" s hall a lso include a ll ass ig nees, to th e extent permitted under this Agreem e nt, of the rights and o b li gati o ns of Developer under this Agreement, a nd an y s uccessor-in -inte rest to Developer having a legal and/or e quitable interest in t he Property . "Estimated Costs" s ha ll mean the City E n g in eer 's approx imati on of the ac tu a l cost to con struct the Publi c Improvements, includ ing the replace m e nt cos t for a ll la nd s caping. Page I of I S ·'Litigation Expenses" s ha l l m ean a ll costs a nd expen ses, t o the extent reasonab le in amo unt, actu a ll y and necessari ly in curred b y a party in good fa ith in the prosecuti o n of a n actio n o r proceeding, including, but n ot limited to , cou rt costs, filin g, rec o rd ing, an d service fee s , copying costs, exhibit pro ducti on costs, s p ec ia l m e di a rental costs, attorneys ' fee s, fees fo r inv esti gators, w itne ss fees (both lay a nd expert), trave l ex p e n ses, d e posit ion and transcript costs and any oth e r cost or expense, the award of which a co urt o f competent juri s diction may determi ne to be just a nd reasonable. "Map Act" s h a ll m ea n th e Subd ivision Map Act, Government Code Sectio n s 664 10 et seq. "Prop erty " sha ll mean t he all of t he re a l property con ta ined within the bound aries of Tract Map No. 73663 located in th e C it y of Temp le C ity, California, a s is m o re particularly desc ribe d in th e legal d escripti o n a nd tract di agram attached h e r e to a nd inco rp o ra ted h e re by b y reference a t Attachment "A". "Public Improvements" shall include, but n o t be limited to, a ll g rading, roads, streets, paving, curbs a n d gutters, s idewa lks, p aseos, pa thways, trail s, sanita ry sewers, utilities, s torm dra in s, detentio n a nd retenti o n b as in s a nd other drainage faci l it ies, traffic contro ls, landscaping, street li g hts a nd a ll oth e r faciliti es requ ired to be constructed a nd d e di cated to th e City or other pub lic e ntity as cond iti o ns of approval of Tentat ive Tract Map o. 73663 a nd as s h own in detail o n th e pl a ns, and s pecificati o n s w h ich have been approved by th e C it y and incorpor a ted into Tract Map No. 73663. The Parties agree tha t the Public Improvem e nts to be co mpleted by Develo p er are m ore s pec ificall y describe d in th e diag ram o r pl a n attached h e re to and in corporated h e re in by refere n ce as Attachme nt "B . Notwithsta nding, Attachment "B ", Develo p e r s h a ll re m ai n obligated to cons tru ct a nd co mplete a ll of the Public Improvem e nts req uired as conditio n s of a pprova l fo r Ten tative Tract M a p 7 3663. "R equire d Insuran ce" shall mean the in sura nce require d to b e m ainta in e d by Developer und e r Section 17 . "S ecurity " s hall m e an surety bonds in t he amounts a nd under th e terms of Section 12 or other security a pproved b y C ity E ng in eer o r C ity Atto rn ey. "Tra ct No 73663." sh all m ean the fina l m a p prepa red a nd app roved by th e C ity for tentative tract map n o . 73663 . "Warranty" sh a ll mean the one-yea r period f o ll o wing comp le ti o n of the Public Improvem e nts by D eve loper and th e acceptance of the Publi c Improve ments by th e C ity in wh ich Developer warrants a nd guarantees a ll Publ ic Im provements. OPERATIVE PROVISIONS OW, THEREFORE, in consid e ration of the mutua l promises and covenants m a d e by th e parties and co ntain e d h ere a nd other considera ti on, th e va lue a nd a dequacy of which are hereby ac kn owledged , t he p a rti es agree a s follows: I. EFFECTIVENESS. T hi s Agreem e nt s hall not be effective unl ess a nd until a ll fo ur (4) of the fo ll owi n g co n ditions a re sat isfied in the order provid e d : Page 2 of I S 1.1 Security. Deve lo per provid es City w ith th e Secur ity of the type a n d in th e a m o unts require d by thi s Agreemen t; 1.2 Final Map and Agreement Approval. The C it y Council o f the City ("C ity Co un c il ") a pproves the fin a l m a p fo r T r act N o. 73663 a n d thi s Agreem e nt; 1.3 Record Agreement. D eveloper a nd Ci t y execut e the Agreement and City records th is Agree m e nt in t he Recorder 's O ffice of the Coun ty of L os Angeles; a n d 1.4 Record Final Map. Developer record s th e fi n a l map fo r T ract o . 73663 in the Recorder's Office of th e Coun ty of Los A n ge les. If th e a b ove d escribed conditi o n s a re not sati s fi ed in the o rd e r, m a nne r a nd w ithin th e t ime pro vid e d unde r thi s A g reem e nt, thi s A greem e nt s h a ll a uto matica ll y te rmina te witho ut nee d o f further acti o n b y e ither C ity o r Develo pe r. 2 . P UBLIC IMPROVEMENTS. D eve loper s ha ll constru ct o r h a v e con structed a t its own cost, ex pe n se, an d li abi lity t h e Publi c Im p rovem e nts, as defi ned h e re in , w ithi n the time a nd in t he ma nn er re quire d under this Agreem ent. Constructi o n of t he P ub li c Imp rovements sh all includ e a n y trans iti o ns a nd/or other in c identa l wo rk deem e d necessa ry for dra in age or publ ic safety. T he Develo per s h a ll be res p o n s ibl e fo r the replacem e nt, r e location , o r re m oval of a n y compo ne n t o f a n y irri g atio n wate r o r s ewe r syst e m in co nfli c t with th e cons tru c ti o n o r in stall a ti o n o f th e Publi c Impro veme nts. S uc h re pl a c e m e nt , re locat io n, o r re m oval s h a ll be perfo rm e d to th e co m p le te sati sfacti o n of t he C ity E ng in eer a nd the own e r of s uc h w ater o r sewer system. De ve lo per furth e r pro mi ses a n d agrees to prov ide a ll e q u ipme nt , too ls, m ateri a ls , labor, test s, design wo rk , and e n g in eeri n g serv ices necessary o r required b y Ci t y to f ull y and adequate ly co mple te the P u b lic Im p rovements. 2.1 Prior Partial Construction of Public Improveme nts . Wh e re construction of a n y Publ ic Improvem e nts has been pa rti a ll y com pl e t e d pri o r to th is Agreem e n t, D eve lo pe r agrees to compl e te s uch Publ ic Impro v e m e nts o r assure t he ir c o m pletio n in acco rd a n ce w ith t hi s A g re eme nt. 2.2 Permits; Notices; Utility Statements . Pri o r to comme n cing a n y wo rk, Develo p er s ha ll , a t its so le cost , exp e n se, a nd li a bil ity, obta in a ll n ecessary p e rmits a nd a pprovals a nd give all necessary a nd incidenta l n o ti ces requi red for th e lawful constru ct ion of the P u blic Im provements a nd perform ance of D eve lo pe r 's o bl igations unde r th is Agreem e nt. D evelop e r s h a ll co nd uc t the work in full co m pliance w ith th e regu lat ions, rul es, a nd othe r require m e n ts contained in a n y per mit o r a pprova l issue d to Deve lo pe r. Prior to commencin g any work , Developer s ha ll fil e a w r itte n state m e nt w ith the City C le rk and th e C ity En g inee r, sign ed by D evelo pe r a nd each utility w hi ch w ill provid e ut il ity serv ic e to t he P ro p e rty, a ttestin g th a t Develo p er has m a d e a ll d e p os its lega ll y re quired by th e util it y fo r the ext e n s io n a nd prov is io n o f utility serv ice to th e Pro pe rty . 2.3 Pre-approval of P lans and Specifications. D evelo per is pro hi bi ted fro m commencing wo rk o n a ny Pu b l ic Improvem e nt u nti l all pl a ns a nd specificati o n s for s u ch Pub li c Improvemen t have bee n su b m itted to a nd approved by t he C ity E n g in eer, o r hi s o r he r des ignee. A pproval b y t he City E ng ineer shall no t re li eve Deve lo pe r fro m e n s uring that all P ublic Improve m e nts confo rm with a ll o ther re quire m e n ts and sta nd a rd s set fo rth in thi s Agreem e nt. P age 3 o f 15 2.4 Quality of Work; Compliance With Laws and Codes. The construction plans an d s p ec ification s for the Public Improvements sha ll be pre pared in accordance with al l a pplica bl e fed e ral , state and local laws, o rdinances , regu latio ns , codes, sta nd ards, and o th e r requireme nts. The Public Improvem ents s ha ll be co mpleted in accordan ce w ith a ll approved m a ps, plan s, s peci fication s, standard drawi ngs, and s pecia l amendments th e re to on file w ith C ity, as we ll as a ll applicabl e fe d e ra l, s tate , and local laws, o rdina nces , regulations, cod es, st a ndards , a nd o th e r require m e nts applicabl e at th e time work is actu a ll y commenced . 2.5 Standard of Performance. D eve lo pe r a nd it s contract ors, if any, s ha ll perfo rm a ll wo rk required to cons truct the Public Improvements und e r thi s Agreement in a skillful a nd workman like manner, and co ns istent with t he standards generall y recogni zed as be in g employe d by pro fes s io nal s in th e sa me di sc iplin e in the State of Ca liforn ia. Deve lo per represents a nd m a in tain s th at it or it s contract o rs s ha ll be skill e d in the professional calling necessary to pe rform the work. D evelo pe r warrants that a ll of its employees and co ntract ors shall h ave s uffi cie nt skil l a nd experience to perfo rm th e work ass ig ned to th e m , and that th ey s hall have all li censes, permits, qualifi cati o ns and appro val s of w hatever nature that are legall y re quired to perform the work, and th at suc h licenses, permits, qualifications and a pprovals shall be maintaine d throughout th e term of thi s Agreement. 2 .6 A lterations to Improvements . All work shal l be d o ne and improvements made and completed as s hown o n approved pl ans and s pec ifi cat ions, a nd a ny s ub seque nt a lterations t hereto. If during th e course of constructi o n an d in stall a ti o n of the Pub li c Improveme nts it is determined that th e publ ic interest re quires alteratio ns in t he Publi c Improvements, Deve lo per shall und ertake s uch des ig n and co nstru cti o n cha nges as may be reaso n a bl y required by City. Any a nd all a lterati o ns in th e plans a nd s pec ifica ti o n s and th e Public Improvem ents to be compl eted may b e accomp li shed without g iv in g pri o r no ti ce th ereof to Develo pe r 's s urety fo r thi s Agreem ent. 2 .7 Other Obligations Referenced in Conditions of Tentative Map Avvroval. 1n add iti on to the fo regoi ng, Deve loper s hall satisfy a ll of th e conditi o n s of approva l o n the tentative m ap fo r th e P roperty . The conditi o ns of a pproval which have not been sati sfi e d prior t o th e d ate of thi s Agreem e nt are identifi ed o n Exhib it "D " here to. 3. MAINTENANCE OF PUBLIC IMPROVEMENTS AND LANDSCAPING. Ci ty shall not be re s po ns ibl e o r liable for the m ai nte na nce o r care of the Public Improvements until Cit y formally approves a nd accepts th e m in accord ance w ith its policies a nd procedures. C it y s hall exercise no control o v e r the Public Improvements until approved and accepted. A ny use by a ny perso n of the Public Improvem e nts, o r any po rti o n th ereof, sh a ll be at t h e sole and exclus ive risk of the D eve lo per at a ll times prior to C it y's acceptance of the Publi c Improveme nts. Develo per shall maintain all th e Public Improvements in a state of good repair unti l they are completed by Developer and approved and accepted by C ity, and un t il the securit y for the pe rfo rmance of thi s Agreement is re leased. Maintenance s ha ll in c lud e, but sh a ll not be l imite d to, repair of pavem ent, curbs, g utters, s id ewa lks , s ignal s, park ways, water mains, an d sewers; m ainta ining a ll landscaping in a vigoro us and th riving cond iti o n reasonably acceptab le to C ity; rem oval of debr is from sewers and storm dra in s; a nd sweeping, repa iring, and ma inta inin g in good and safe conditio n a ll streets and street improvements. It sha ll be Developer's respons ibility to initi ate a ll m ai nte na nce work, but if it shall fai l to d o so, it s hall promptly pe rfo rm s uch m a intenance work w hen notifi ed to do so by City. If Deve lo per fails to pro perly prosecute it s maintenance obli ga ti o n un der thi s sect io n, C it y ma y do a ll work necessary for s uch ma inte na nce a nd th e co st thereof s ha ll be th e Page 4 of 15 respons ibility of Developer and its s urety under this Agreement. City s ha ll not be respons ible o r liabl e for any damages or injury of any nature in any way related to or caused by the Public Improvements or their condition prior to acceptance. 4. CONSTRUCTION SCHEDULE. Un less extended purs uant to this Section 4.1 of thi s Agreement, Developer s hall fully and adequate ly complete o r have compl e ted the Public Improvements within 2 years (24 months) following approval of the final map for Tract No. 73663 or prior to the final date of the construction permits, whichever occurs firs t. 4.1 Extensions. City m ay, in its so le and absolute discreti o n, prov ide Deve loper with add iti ona l tim e within which to comp lete the Public Improveme nts . It is und erstood that b y providing th e Security re quired und er Section 12.0 et seq. of thi s Agreement, Deve loper and its s urety consent in advance to any extens ion of time as may be given by City to Develo pe r, and waives any and al l right to noti ce of s uc h extension(s). Developer's acce ptance of a n ex tens io n o f time granted by City shall constitute a waiver by Deve loper a nd its s urety o f a ll defense of lach es, estoppel , statutes of limitations , and o ther limitations of action in any action or proceedin g filed by City follo w ing the date on which the Public Impro vements we re to have been completed hereunder. In addition, as co ns ideration fo r granting s uch extension to Develo per, City reserve s th e right to review the prov isions of thi s Agreement, including, but not limited to, the construction standards, the cost estim ates e s tabli shed by City, and the sufficiency of the improvement securi ty provided by D e veloper, and to require adjustments thereto w hen warranted accordi n g to C ity's reaso nab le di scret io n . 4.2 Accrual of Limitations Period. Any limitations period provided by la w related to bre ach of this Ag reement or the terms thereo f s ha ll no t accru e until Devel o pe r has provided the City Engin eer w ith written notice of Developer's intent to abandon or o th erw ise not complete required or agreed upo n Public Improvements. 5. GRADING. Develope r agrees that any and al l grading d o ne or to be d o ne in conjunction with constructi o n of the Public Improvements or d eve lo pment of Tract No. 73663 shall conform to a ll federal , state, and local laws , ordinances, regulati o ns, and other requirements, including City's grad in g regulations. A ll grad in g, land scaping, and construction activities shall be performed in a manner to control eros ion and prevent flooding problems. The City Engineer s h a ll have the a uth o ri ty to require erosion plans to presc ribe reaso nable contro ls on the me th o d , manner, and time o f gradi ng, landscaping, and construction activities to prevent nuisances to s urro unding properties . Plans shall include without limitati o n temporary drainag e and erosion control requirements, dust control procedures, restricti o ns on truck and other co nstruction traffic routes, noise abatement procedures , storage of materials and equipment, rem ova l of garbage, trash , a nd refu se, s ecuring the job s ite to prevent injury, and s imilar matters. In order to prevent damage to the Public Improvements by impro per drainage or other hazards, the grad in g shall be completed in accordance w ith the time schedule for completi o n o f the Public Improvements established by this Agreement, and pri o r t o City's approva l and acceptance of the Public Improvements and release of the Security a s set fo rth in Section 12 .0 e t ~· of this Agreement. 6. UTILITIES. Devel o per s hall prov ide utility serv ices, including water, sewer, power, gas, and telephone se rvice to se rve each parce l, lot, or unit o f land w ithin Tract No . 73663 in acco rdance w ith a ll applicable federa l, state, and loca l laws , rule s, and regul ations, including, but no t limited to , the regulations, schedules and fee s of the utilities o r agencies providing s uch Page 5 of IS services. Except fo r commercial o r indu stri a l properties, Deve loper shall a lso p rovide cable telev is ion fac iliti es to se rv e each parce l, lot, o r unit of la nd in acco rd a n ce w it h a ll ap plica ble federal , state, and local laws, rules, and re g ulati o n s, in c luding , but n ot limited to , the re qui rements of th e cabl e compa ny p ossessi n g a valid franc hi se with C ity to provide s u c h service within City 's jurisdictio n al limits . All utiliti es s hall be in sta ll ed und e rg round. 7. FEES AND CHARGES. Deve lo p er s ha ll , at it s so le cost , expense, and li abil it y, p ay a ll fees , c h a r ges, and taxes aris in g o ut of con struction of the Pub li c Improvements , in c luding , but no t l imi t ed to , a ll pl a n check, d es ig n review, e ng in eer in g, in s p ectio n , and other service fees, a nd any impact or con necti on fees e s tabli s hed by C it y o rdinance , reso lu t io n , regulation, o r po li cy, o r as establi s h ed by C ity relative to Tract No. 73663 , or as requ ired b y other governme ntal agenc ies h avi ng juri sdi c ti o n over Tract No. 73663. 8 . CITY IN SPECTION OF PUBLIC IMPROVEMENTS . Develo p er sh a ll , at its so le cost , expense, and li ab il ity, and at all times during construc ti o n of th e Publi c Improvements, m a in tain reaso nab le a nd safe facilities a nd provide safe access for in s pecti o n by City of the Publi c Improvem e nts a nd a reas where constru ctio n of the Publi c Improvem e nts is occurring or w ill occur. If th e City in s pector reques ts it , the Deve lo p e r at a ny time b efo re acceptance of t h e Public Im provements s h a ll rem ove o r uncover s uc h portions o f the finish ed work as m ay b e directed w hi ch ha ve n o t previously been in spected. After examina ti o n , th e Develo per sh a ll re store sa id p o rti o ns of th e wo rk to the stand a rd s required h e re unde r. Inspec ti o n or s upe rvi sio n by t he C ity sh a ll not be co n si dered as direct contro l of t he indi vi du a l workmen o n the j o b s ite. C it y 's in specto r s hall have the a uth o rity to sto p a n y and a ll work not in accordan ce with th e r e quire ments contained o r referen ced in thi s Agreem e nt. The in spection o f the work b y C it y s h a ll not re li eve D eveloper o r the contractor of any o bli gat io n s to fu lfill this Agreem e nt as he rei n prov ided, and unsu itab le m a teri al s or work may be rejected n otwith s tanding that s u ch m ateri a ls o r work m ay h ave been previ o u sly overl ooked or acce pte d . 9 . ADMINISTRATIVE COSTS. If Developer fa i Is to cons truct a nd in s ta ll all o r a n y part of the Public Im provement s within th e time requ ire d by thi s Agreement, or if Develo p e r fa il s to com p ly with a ny o th e r obl igati o n contained h e re in , Develo p e r and its s urety sh a ll be jointl y and severa ll y l iab le to C ity for a ll a dmini s trati ve expen ses, fees, a nd costs, including reasonab le attorn ey's fees a nd costs, incurred in o btainin g comp li a nce with this Agreement or in processin g a ny lega l acti o n or for a n y other rem e dies pe rmitted by law. 10 . ACCEPTANCE OF IMPRO VEMENTS; AS-BUILT OR RECORD DRAWINGS. The City Co u ncil may, in its so le a n d abso lute di s c re ti o n , acce pt f ull y com pl eted portio n s of the Public Im provements prior to s u ch t im e as a ll of the Public Imp rovements a re complete, w hi c h s h a ll no t re lea se o r m o dify D eveloper 's o bligati on to complete t he remainder of t he Publi c Im provements w it h in th e t ime required by thi s Agreement. 10 .1 Developer 's No tice of Completion . Up o n th e tota l o r partia l acce pta nce of th e Public Improvements by C ity , Develo p er sh a ll file w ith th e R ecord er's Office of th e County of Los A n geles a notice of completion for th e accepted P ubli c Improveme nts in accord ance w ith Cali fornia C iv il Code section 3093 , a t w hi c h tim e t h e accepted Publi c Improvem e n ts s ha ll b ecome the so le and e x clusive property of City without p aym e n t therefor. Page 6 o f 15 I 0.2 City Acceptance of Public Improvements . If T ra ct No. 73663 was a pproved an d recorded as a si n gle pha se ma p, Ci ty shall not accept any o ne or more of the improvements until a ll of the Publi c Improvements are completed by Deve lope r and a pproved by C ity. Iss ua nce by City of occupancy permits for any buildings or stru cture s locate d o n the Prope rt y sha ll not be co nstru ed in any mann er to co nstitute C ity 's acceptance or a pprov a l of any Publi c Improve me nt s . I 0.3 Developer's Obligation to Provide As-B uilt or Record Drawings. Notw ith standin g the foregoi ng, C ity may no t accep t any Public Improvements unl ess a nd until Dev e loper prov ides one (I ) set o f "as-built" o r record draw in gs or plans to the City Eng in eer fo r a ll such Public Improvem e nts. Th e draw in gs s ha ll be ce rtified and s hal l re fl ec t th e condition of th e Public Impr ove ments as co nst ru cted , w ith a ll c ha nges inc o rp orated therein. II. WARRANTY AND GUARANTEE. Deve loper he reby warrants and guaran tees a ll Publi c improvements aga in st any de fective wo rk or labo r done , or defective mater ials furni shed in t he performance of this Agreement, in cluding the ma intenan ce of a ll land sca pin g with in the Property in a v igoro us and thriving cond iti on reaso nab ly acc eptable to C ity, for a peri od of one (I) yea r following co mp leti on of the wo rk and acceptance by City. Durin g the Warranty, De ve lope r s ha ll repair, rep lace, or reconstruct any defective or o th erw ise un sa ti sfac to ry po rti o n of the Publ ic Improve ment s, in accordance w ith the curr e nt ordinances, reso luti o ns, reg ulati ons, codes, s tandards, or other requirements of C ity , a nd to the approva l of the C it y Eng in eer. A ll repairs, re placem ent s, o r reconstruction during the Warr ant y sha ll be at th e so le cost, expense, a nd liabi lity of Deve loper a nd its surety. As to any Public Impro ve ments which have been repaired, re placed, o r reco nst ruct ed during the Warranty, Devel o per and its s urety hereby agree to extend th e Wa rra nt y for an additional one (I) yea r period fo ll ow in g City 's acce ptance o f th e repa ired, re placed, or reconstructed Public Improve ment s. Not hin g he re in shall relieve Develope r from a ny other li ab ilit y it ma y have und er fede ra l, state , or local law to repair, replace, o r reco nstruct any Public Improvement foll ow in g exp irati on of th e Warranty o r any exte ns ion thereof. Deve lope r 's warranty obl igat ion und er thi s sect ion s ha ll s urvive the expiration or te rm ination of this Agreement. 12 . SECURITY; SURETY BONDS . Prior to City's approva l a nd execution of thi s Agreement , Develo pe r shall provide C it y with surety bonds in the amo unt s and und e r the te rm s se t forth bel ow . The am ount o f the Sec urity sha ll be based o n the City Engi nee r 's Est imated Costs. lf City determines at any tim e pr ior to Deve loper 's co mpl etio n of the Public Improvements under Sectio n 4 [Constru ctio n Schedule), in it s so le and a bsolute di scretion, that the Es t imat ed Costs have cha nge d , Developer sha ll adjust th e Security in the amou nt req ues ted by C it y. D eve lope r 's co mp lian ce w ith this provi s io n (Sect ion 12.0 et seq .) shall in no wa y limit or modify Deve loper 's ind e mnifi cati o n obli gati o n provi ded in Section 16.0 of this Agreement. 12 .1 Pe rfo rm ance Bond. To guarantee the faithful pe rforman ce of the Public Improvements and a ll the provis ions of thi s Agreement, to pr otect City if Deve lo pe r is in default as se t forth in Section 18 .0 et~. of this Agreement, and to sec ur e Develope r 's one-year guarantee and warranty of the Publi c improve me nts, in cluding th e mainte nance of a ll la nd scaping in a v igo rous a nd thriving c o nditi on, Deve loper sha ll pr ovi de C ity a faithful performance bond in the amount of onehundredthirtyo neth o usa ndtwo dollars and 25 ce nts ($13 1 ,002.25), which su m shall be not le ss th a n o ne hundred pe rce nt (I 00%) of the Es timated Costs. Pa ge 7 of IS 12 .2 Partial Release. The City Counci l may, in it s so le a nd a b so lute di sc reti o n and upo n recommendati o n of the City E n gineer, parti a ll y re lea se a po rtion or portions of the Security provided unde r thi s sectio n as the Public Im provem ents are accepted by City, prov id ed th at Developer is n o t in defau lt on a n y provi s io n of this Agreement o r cond iti on of approva l for Tract No. 73663, and the total remaining Security is not less th a n twent y -five percent (25%) of the Es timated Costs . A ll Security prov id e d und e r t hi s section s ha ll be re leased a t th e end of the Warranty period, o r a ny extension thereof a s provided in Section 11 .0 o f this A g reeme nt, provided tha t D eveloper is n o t in d efault o n a n y provis ion of this Agreem e nt o r cond iti o n of approva l for Tract No. 7 3663. 12.3 Labor & Materia l Bond . To secure pay ment to the co ntracto rs, s ubcontractors, laborers , m a te ri al m e n , a nd o ther pe rso ns furn is hing labo r, m ateri a ls, o r equipment fo r performance of the Public Imp rovem e nts a nd t hi s Agreement, Develo p e r s h a ll provide C ity a la b or and m a teria ls bond in t h e amount of o ne hundredthirtyonethou sandtwo do ll ars a nd 25 cents ($131 ,002.2 5), w hich s um s h a ll n ot be less th a n o ne hundred percent ( 100%) of the Estimated Costs. The Security provided under this sectio n may b e released b y written a uth o ri zati o n of the City E ngineer after six (6) m o nth s from th e d ate City accepts the final Public Improvements. The a m ount of s uch Securit y s ha ll b e red uce d by t he total o f a ll stop n otice o r m ech a nic 's l ien claims of which C it y is aware , plus a n a m o unt equa l to twenty percent (20%) of s uch claims fo r r e imbursement of City's a nti cipated ad mini strative a nd lega l exp e n ses a ri s in g o ut of such c la im s. 12.4 Additiona l Requirements. The sure t y f o r a n y s ure ty bo nd s provided as Secu rity shall h ave a c urrent A .M . Be st's ra tin g o f no less than A: VIII , be a bank o r in sura nce company li cen sed to tra n sact s urety bu s in ess in Ca liforn ia, a nd shall be sati sfactory to C ity . As part o f th e o bligation secured b y th e Security a nd in addit io n to t h e face a m o unt o f the Security, the D eve lo per o r its surety s ha ll secure the costs an d reaso na bl e expenses a nd fees, in c ludin g r easonable attorney's fee s and costs, incurred by City in e n forc in g the o b li gations of this Agreement. The Developer and it s surety stipulate a nd agree th a t n o c h a nge, exte n sio n of time, a lteration, or additio n to the term s of th is Agreem ent, the Public Improvements, or th e pl a n s and s pecificat io ns for the Pu blic Improvements sh a ll in a n y way affect its ob li gati o n o n th e Security. 12.5 Fo rm of Security . T he evidence of th e Security s h al l be prov id ed o n the fo rm s set fort h in Attachment "C", unl ess oth er fo rm s a re dee med a cceptable by the City E n g ineer a n d the C it y Attorney, a nd w h e n s u c h for m s are co mpleted to the sati sfacti o n of C it y, the fo rm s a nd evidence of the Security sh a ll b e a ttached h ereto as Attachment "C" a nd in co rpo ra ted herein b y this refere nce. 12 .6 Develo p er 's Liability. While no actio n o f Devel oper s ha ll be required in ord e r fo r C it y to reali ze o n its security und e r a ny Security in strum e nt, D evelo p er agrees to coop erate w ith Ci ty to f ac ilitate C ity's reali zati o n unde r any Secu r ity in s trument, a nd to t ake n o action to prevent City fro m su c h re al izat io n un der any Security in strument. Notwithstanding the g iv in g of a n y Security in stru m e nt o r th e s ubsequ e nt expiratio n of any Security in strum e nt o r any fa ilure by a n y s ure t y o r financial instituti o n to perform its o bligati o ns w ith respec t thereto , Deve loper s hall be person a ll y li a bl e for performance under this A g reem e nt a nd fo r payment of the cost of th e labor a n d m a terials for the improvements required to be constructed o r installed h e reb y a nd s ha ll , w ithin ten (I 0 ) days after w ritte n d e mand the re fo r, d e li ver to C ity s uch substitute Security as City sh a ll requ ire sati sfyin g th e require m e nts in t h is Secti o n 12. Pa ge 8 o f 15 13. MONUMENT SECURITY. Prior to City's execution of this Agreement, to g uarantee payment to the engineer o r su rveyo r for the settin g of all subdivision boundaries, lot corners, and street centerline monuments for Tract No. 73663 in compliance with the applicab le provisions of City's Muni cipal and/or Development Code ("S ubdi v ision Monuments"), Developer s h a ll deposit cash with C ity in the a m ou nt of zero Dollars ($0), which su m s h a ll n ot be less than o ne hundred percent ( 1 00%) of the costs of setting the Subdivision Monuments as determined b y the Ci ty Enginee r . Said cash deposit m ay be re lea sed by written authorization of th e C it y E ng ineer after all required Subdivision Monuments are accepted by the City Engineer, C ity has rece ived written acknowledgment of payment in full from th e e n gineer o r su rv eyor who set the Subdivision Monuments, and provided Developer is not in default of any provision of this Agreement o r condition of approva l for Tract o. 73663. 14. LIEN. To secure the timely performance of Deve loper's ob li gati ons under this Agreement, including those obligations for which security has been provided pursuant to Sections 12 .0 et ~· and 13.0 of this Agreement, Developer hereby creates in favor of City a lien against al l portions of t he Property not dedicated to City or s ome other governmental agency for a public purpose. As to Developer's default o n those obl igations for which security h as been provided pursuant to Sectio n s 12 .0 et seq. a nd 13.0 of this Agreement, City shall first attempt to collect aga in s t such security pri or to exercising it s ri g hts as a contract li enholder under this section. 15. SIGNS AND ADVERTISING. Developer understands and agrees to C it y's o rdin a nces, regulations, and requirements gove rnin g s ig n s and advertising s tructures. Developer h e reb y agrees with and consents to the summary re m ova l by City, witho ut notice to Developer, of a ll signs or o th e r advertising s tructures erected, placed, or s ituated in violation of a n y C it y o rdin ance, regulation, or other requ irement. Removal shall be a t the expense of Developer and its surety. Developer and its su rety shall indemnify and hold City free and harmless from any claim or demand arising o ut of or incident to s ig n s, advertising structures, or their removal. 16. INDEMNIFICATION. Developer shall defend , indemnify, and hold harmless City, its elected official s, officers, emp loyees, and agents from a n y and all actual or alleged claims, demands, causes of action, liability, loss, damage, or injury, to property o r persons, including wrongful death, w hether imposed by a court of law or by administrative action of any federal, state , or local govern mental body or agency , arising out of or incident to a n y acts, omissions, negligence, or w illful mi sconduct of Developer, its personne l, employees, agents, or co ntractors in connection with o r arising o ut of co nstructi o n or maintenance of th e Public Improvements, or perfo rm a nce of this Agreement. This ind em nifi catio n inc ludes, without limitation, the pay m e nt of all penalties, fines, judgment s, award s, d ecrees, atto rn eys' fees, and re lated costs or expens es, a nd the reimbursement of City, its e lected officials, officers, employees, a nd /or agents for all lega l expenses a nd costs incurred by each of them. Th is ind emn ifica tion excludes o nl y such portion of a ny claim, demand, cau se of action, liability, loss, damage, penalty, tine, or injury, to property or persons, includi n g wrongful death , wh ic h is caused solely and exclusively by the gross negligence or willful misconduct of City as determined by a court or admin istrative body of competent jurisdiction. Developer's obligation to indemnify City sha ll survive the expirati o n or termination of this Agreement, and s h all not be restricted to insurance proceeds, if any, received by City, its elected officia ls, officers, employees, or agents. Page 9 of IS 17 . INSURANCE. 17.1 Tvpes; Amounts. Developer shall procure and mainta in , and s hall require its contracto rs to procure and maintain , durin g construction of any Publi c Improvement pursuant to thi s Agreement, in suranc e of the types and in th e amounts describ ed below. If any of the Required In surance contain s a gene ra l aggregate limit, such insurance s hall appl y se paratel y to thi s Agreement or be no less than two times the s pecified occ urre nc e limit. 17.1 .1 General Liability. Deve lope r and its contracto rs sha ll procure a nd ma int ai n occ urrence version ge ne ral li a bility in surance , or eq ui va lent form , with a co mbined single limit of not le ss than $3 ,000,000 pe r occu rr ence fo r bodi ly injury, per so nal injury, and property dama ge . 17.1.2 Business Automobile Liability. Deve loper and its contractors shall procure a nd mai ntain busine ss auto mobile li ability in s urance , or equivalent form, wit h a combined s in g le limit of not less than $1,000,000 per occurrence. Suc h in surance shall include cove ra ge for the ow ner ship , operation , maintenance, use, loa din g, o r unloading of an y ve hi cle ow ned, leased, hired , o r borrowed by the in sured o r for which the in sured is re spo n sible. 17 .1.3 Workers' Compensation. Dev e lope r and it s contractors shall pr ocure and maintain wo rkers ' compensation insurance with limit s as required by th e Labor Code o f th e State of Califo rnia and employers ' liabi lity in sura nce with limi ts of not less than $1,000,000 per occ urrence, at a ll times durin g wh ic h in sured retain s emp loyees. 17 .1.4 Professional Liability. For any co ns ultant o r other pr o fessi ona l who wil l e ng in eer or des ig n the Publ ic Impr ove me nts, li ability in surance fo r errors and omis s ions with limit s not less than $1,000,000 per occ urrence , s ha ll be pro cured and mai ntained for a period of fiv e (5) years following comp let ion of the Publi c Improve me nt s. Such in s urance s ha ll be endorsed to includ e contractua l li ability . 17.2 Deductibles. A ny deductible s o r self-in s ured retenti ons mu st be declared to and approved by C it y. At the opti o n of C it y, e ither: (a) the in surer sha ll reduce or e liminate such dedu c tibles or se lf-insured retentions as respects C ity , its e lected officials, o fficer s, empl oyees, agents, and volunteers; o r (b) De ve loper and its contracto rs s ha ll provid e a financial gua rantee sa tisfactory to City guaranteein g pa y ment of losses and related inv est igati on cos ts, claim s, and ad ministrative and defen se expenses. 17 .3 Additional Insured; Separation of Insureds . The Required In s ur ance sha ll name City, its electe d officia ls, officers, emp loyees, agents , and volunteers as add iti ona l in s ured s with re spect to work pe rfo rmed by or on beh a lf o f Develope r or it s cont ractors, inc ludin g materi a ls, part s, o r equipm e nt furnished in connection therewith. The Re quired In sura nce shall co ntain sta nd a rd se para t ion of in s ured provi sio ns, and shall contain no spec ial limi tations on the sco pe of it s protection to City, it s e lected officials, office rs, e mpl oyees, agents, a nd vo lunteers. 17.4 Primary Ins urance; Waiver of Subrogation. The Required In surance s hall be primary wit h re spect to any ins urance or self-insurance pr ogram s cove rin g C ity, its e lected offici a ls, offic e rs, e mpl oyees, age nts, and vo lunteers. A ll policies for the Required In surance shall provide that the in surance compa ny wa ive s al l right of recovery by way o f subr oga ti o n against C it y in connectio n with a ny damage or ha rm co vered by s uch policy. Page 10 of IS 17.5 Certificates; Verification. Deve lo per and its contractors s hall furnish City with o ri g inal certificates of in s urance and endorsements effecting coverage for the Required In s urance. The certificates and endorsements for each insurance policy sha ll be signed by a person a uth orized by that insurer to bind coverage on its behalf. All certificates and endorsements must be rece ived and a pproved by C ity before work pursuant to this Agreement can begin . City re serves the right to require complete, certified copies of all required in s urance policies , at any time. 17.6 Term; Cancellation Notice. Developer and it s contractors sha ll m a inta in th e Required In s urance for the term of this Agreement and s hall r ep lace a n y certificate, policy, o r e nd orsement w hich will expire pri o r to that date. A ll p o licies s hal l be endorsed to provide that the Required In s urance s hall not be suspend ed, voided, reduced , canceled, or a ll owed to expire except o n 30 days' prior written notice to City. 17.7 Insurer Rating . Unless approved in wntmg by City, all Required In surance shall placed with insurers licensed to d o business in the State of California and with a c urrent A.M. Best rating of at least A: VIII. 18. DEFAULT; NOTICE; REMEDIES. 18 .1 Notice. If Developer neglects , refuses , or fa il s to fulfill or timely complete any obligation, te rm , or conditi o n of this Agreement, or if City determines there is a violation of any federal , state , or loc a l law, ord inance, regulation, code, standard , or o th er require m ent, City may a t a n y time thereafter declare Developer to be in default or violation of this Agreement and make written demand upo n Developer o r it s surety, or both, to imm e diately remed y the default or violation. Developer s h all commence the work required to remedy the default or vi o lation within ten (I 0) da ys of the written demand fro m the City. If the default o r vio lati on constitutes an immedi a te threat to the public health, safety, or welfare, Ci t y m ay provide the demand verbal ly, a nd Develo per s ha ll commence the required work with in twenty-fo ur (24) hours thereof. Immediately upon C ity's issuance of the demand to remedy the default, Devel o pe r and its surety s h all be li able to C ity for all costs of co ns truction and installati o n of th e Public Improvements and a ll other adm ini s trative costs expenses as provided for in Section 9 .0 of thi s Agreeme nt . 18 .2 Failure to Remedy; City Action . I f the work required to remedy the n oticed default or violation is no t diligently prosecuted to a s ubs tantial completi on acceptab le to City within a rea so nable time designated by the City, City m ay complete a ll remaining work, arrange for the completion of a ll re m a ining work, a n d/or conduct such remedial activity as in it s so le and abso lute di scretion it believes is req uired to remedy the default o r violation. All such work or remedial activity shall be at the so le and absolute cost, expense, and li abili ty of Developer and its surety, w ith o ut the necess ity of g ivin g any further notice to Dev eloper or s ur ety. City's right to take s uch actions shall in n o way be limited b y the fact that Develo per or it s sure ty may have con structed a ny, or none o f th e required or agreed upon Publi c Improve ments a t the time of C ity's dem a nd for performance. In the event City elects to complete or arrange for completion of the remaining work and imp rovemen ts, City may require a ll work by Devel o per or its surety to cease in order to allow adequate coo rdinati o n by City. Notwithstanding the foregoing , if conditi o n s precedent for revers io n to acreage can be met and if th e int erests of City will n o t be prejudiced thereby, City may also process a reversio n to acreage and thereafter recover from Developer or its s urety the full cost a nd expense in curred. Page 11 o f IS 18 .3 Other Rem edies . N o actio n by C ity purs ua nt t o S ecti o n 18.0 e t ~·o f this A g r e eme nt s h a ll prohibit C ity fr o m exerci s in g any other ri g ht or purs uing an y o th er legal o r e quita bl e re med y av ailabl e und er thi s Agree m ent o r a ny federal , sta te, o r loca l la w. C ity may exerci se it ri g ht s and remedi es inde pendently o r c umulat ive ly , and City m ay purs ue in cons iste nt rem e d ies. C it y may in s titute an acti o n fo r d amages, injunctive re li e f, o r s pe cific perfo rm a nce. 19. GENERAL PROVISIONS . 19 .1 Authority to Enter Agreement. Ea ch Party warrants that th e indi v id ua ls wh o have s ig ned thi s A g reement h av e the le g al power, ri g ht, and a uth o ri ty m a ke th is Agreement a nd bind e ach res pe ctive Party. 19.2 Cooperation; Further Acts . The Parti es sha ll ful ly c oo pe rate with o ne a no ther, and s ha ll take any addi t io na l acts o r s ig n a ny a dditi o na l d ocuments a s m ay b e necessa r y, a ppro p r ia te, o r co nvenient to attain th e purposes o f th is Agreeme nt. 19 .3 Construction; References; Captions . It be ing agreed the P a rti es or th e ir agents have participated in th e p reparation o f thi s Agreem e nt, the la n gu age of thi s Ag reement sha ll be co nstrued s impl y, acco rd i ng to its fair meanin g , a nd no t strictl y fo r o r a g a in st a n y Pa rty. An y term referenc in g tim e, d ay s , o r pe ri o d f o r perfo rm ance s ha ll be de em e d calendar d ays and not work days. All re fe rences to D eve lo pe r include all personne l, e mployees, agents, and sub contracto rs of Develo pe r, except as o th e rw ise s pec ifi ed in thi s Agreeme nt. All ref e rences t o C it y in c lud e it s e lected o ffi c ia ls, o fficers, e mpl oyees, agents, and vo lunteers ex ce pt as o th e rw ise s pec ifi e d in thi s A g reem ent. The capti o ns o f th e va ri o us arti c les a nd p a rag raph s a re f o r conveni e nce a nd ea se o f refe re nc e o nl y, a nd d o no t d efin e, limit, au g me nt, o r d escribe t he scope, co nte nt , or int ent of thi s A g reem ent. 19 .4 Notices. A ll no ti c es, dem a nd s, i nvoices, and w ritte n communicati o ns sh a ll be in writing a nd delive red to th e fo ll owin g addresses o r s uc h oth e r addresses a s the P art ies may d es ig nat e by w ritte n no ti ce: CITY: C ity of Templ e C ity Attn : Brya n Cook , C ity Manager 9 70 I L as T un as Driv e Te mpl e C ity, Cal ifo rnia 91780 DEVELOPER: O lson Urb a n II-T e mpl e C it y 2, LLC Attention S cott La uri e and Mari o Urzua 3 0 I 0 Old R anch P arkway Suite I 00 S ea l Beach , Ca 9 0 740 Dependin g up o n th e metho d o f trans mittal , no ti ce sha ll be d eemed rece ived as fo ll ows: by fa cs imil e, a s o f the date a nd tim e sent pro vid ed th e o ri g in a l is co ntemporaneously de pos ited with U nited States P osta l Servi ce a nd d e li v ered by re g ul ar mail ; by messenger, as of the d ate delivere d ; and by U.S. M a il first class postage prepaid , as o f 72 ho urs after deposi t in the U.S . M a il. Page 12 of 15 19.5 Amendment; Modification . No suppl ement, m o dification, o r amendment of thi s Agreement shall be binding unless executed in writing and signed by both P arties. 19.6 Waiver. City's failure to in s is t upon strict compliance with any provi s ion of this Agreement or to exercise any right or privilege provided herein, or City's waiver of any breach of thi s Agreement, shall not re lieve Dev e loper of any of its o bligations under this Agreement, whether of the same o r sim ilar type . The fo regoing s h a ll be true whether City's actio ns are intentional o r unintentio nal. Developer agrees to waive, as a defense, counte rcl aim or set off, any a nd a ll defects, irregulariti es o r deficiencies in the auth o ri zati o n , execution or performance of the Public Improvements o r thi s Agreeme nt , as we ll as the laws, rules, regulations , o rdinances or reso luti ons of City with regards to t he authori zati o n , executi on o r perfo rmance of the Public Improvements o r this Agreement. 19.7 Assignment or Transfer of Agreement. Devel o per s hall not ass ig n, hypothecate, o r transfer, ei th er directl y or by o p eration of law, this Agreement o r any interest herein without prior written consent of City. An y attempt to do so s hall be null and void , a nd any ass ignee, hypothecatee, or transferee shall acquire no right or interest by reason of s uch attempted assignme nt, hypothecation , or transfer. Unless specifical l y stated to the contrary in City's written co nsent, any assignment, h y p othecation , or tran sfer shall not release or di scharge Developer from any duty o r responsibili ty under this Agreement. 19.8 Binding Effect. Each a nd all of the covenants and conditio ns s ha ll be bindin g on and shall inure to the benefit of the Parties, a nd their successors, he irs, person a l representatives, or assign s . This secti o n s h a ll no t be constru ed as an authorization fo r any Party to assign a ny right or obligation . 19.9 No Third Party Beneficiaries. There are no in te nd e d third pa rty beneficiaries of any right or ob li ga tion assumed by the Parties. 19 .10 Invalidity; Severability. If any portio n of thi s Agreement is declared invalid, illegal , o r otherwi se unenfo rceabl e by a court of competent jurisdiction, the remain in g provi s io n s s ha ll continue in full force and effect. 19.11 Consent to J u r isd iction and Venue. T hi s Agreement sh all be construed in accordance with a nd governed by the la ws of the State of California. Any lega l action o r proceeding brought to interpret o r e nforc e thi s Agreement, or which in any way ari se s out of the Parties' activities undertaken pursuant to this Agreement, s h a ll be filed and prosecuted in the appropriate Cal ifo rnia State Court in the Co unty of Los Angeles, Califo rnia . Each Party waives the benefit of any provision of s tate or federa l law providing for a change o f venue to any other court o r jurisdiction including, without limitation, a change of venue based on the fact that a governmenta l e ntity is a party to the act io n or proceeding, or that a federal right o r question is inv o lved o r alleged to be inv o lved in the action o r proceeding. Witho ut limiting the generality o f the foregoing wa iver, Deve loper express ly wa ives any right to have venue transferred pursuant to Cal ifornia Code o f C ivil Procedure Section 394. 19.12 Attorneys' Fees and Costs. If any arbitration, lawsuit, or other legal action o r proceed in g is brought b y o ne P a rt y again st the o ther Party in connectio n with thi s Agreement or the Pro perty, t he prevailing party, w hether b y final judgment or a rbitration award, s hall be Pag e 13 of IS entitl e d to a nd recover from the othe r party all Litigation Ex penses. A n y judgment, o rder, o r awa rd entered in s u c h legal actio n o r proceeding s hall conta in a s pecifi c provision providing for th e recovery of L iti gation Ex pe nses. 19.13 Relation s hip Between Th e Parties . T he Part ies h e reby mutually agree that neither this Agreement, any map related t o Tract No. 73663, nor a n y oth e r related entitlement, permit, o r approval iss u ed by C ity for the Pro p erty sh a ll operate to create the relati o ns hip of partne rsh ip , joint ventu re , o r agenc y between C it y a nd Develo per. D eve loper 's contractors a nd s ubco ntrac to rs a re exclu s ive ly a nd so le ly under th e contro l and d o mini on of Deve lope r. Nothin g herein s h a ll be deemed to make Develo p e r or its contracto rs an agent o r contractor of City. 19.14 Counterparts . This Agreement may be executed in counterpart origina ls, w hi c h taken togethe r, s ha ll constitute o ne and th e sam e instrument. 19.15 Effective Date of Agreement. This Agreeme nt s hall not beco m e e ffectiv e until th e date it has been formally approved by the C ity a nd executed by t he a ppropri ate a uth oriti es o f City and Developer. IN WITNESS WHEREOF, the parties h ereto h ave executed thi s Agreement on the date a nd year first-above written . ATTEST: By: ____________________ _ Peggy Kuo, C ity C lerk APPROVED AS TO FORM By: ________________________ _ Eric S. Vail , C ity Atto rn ey CITY OF TEMPLE CITY By : ------------------------- Bryan Cook, C ity Manager Page 14 of I S OLSON URBAN II-TEMPLE CITY 2, LLC By: S ee at t ach e d signa t ure page Scott Laurie B y: See attached signature page Its: Autho rized to sign on behalf of the comp any Its : --------------------- NOTE: DEVELOPER'S SIGNATURE S SHALL BE DULY NOTARIZE D, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULE S OR REGULATIONS APPLICABLE TO DEVELOPER'S BUSINESS E NTITY. Pag e 15 of 15 Signature Block - Olson Urban II -Temple City 2, LLC OFFICIAL SIGNATURE BLOCK FORMAT : OLSON URBAN II -TEMPLE CITY 2, LLC a Delaware lim ited liabi li ty company By: OLSON URBAN COMMUNITIES II, LLC a Dela ware limited liability company Sole Member By : OLSON URBAN VEN T URES II , LLC a Delaware limi te d li ab ility company Sole Member By: OLSON URBAN HOUSING , LLC a Delaware limited liability company Operating Member By : B y :_~{-).--:;;;~~~===' Name :--\T--onr..nrMnH!r~'rJ Title : __ =----r----.,.,~-~~~~e~r CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§ 1189 A notary public or other off icer completing th is cert ificate verifie s on ly the id entity of the ind ividual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of tha t document. State of California County of Orange On 0 c.:9-~~y-'5 1 ~ r l.P before me, __ V_a_le_r_ie_W_ei_s_el.:_, _N_o_ta.....:ry:..._P_ub_l_ic ________ _ Date Here Insert Nam e and Title of the Officer personall y appeared _ _._S~s:..o~tt..!.'I-.-:L~OJ~J.ir!..._loo!U'-'-J-~~.:.;~~---LH..:...o.rr~~Lcs..L._l~l-~f"'--"~~=---- Name(s) of Signer(s) who proved to me on t he basis of satisfactory evidence to b e th e person(s) whose name(s) Is/are s ubscri bed 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(s) on t he Instrument the person(s), or the entity upon behalf of which the person(s) acted, executed th e Ins tru ment. Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of Californi a that the foregoin g paragraph is true and correct. WITNESS my hand and official sea l. Signature_._Y....::~=-·..:.._j\~A.c=.~=-=,=------ Signature of Notary Public ---------------------------OPnONAL----------------------------- Th ough this section is optional, completing this information ca n deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Docume nt Title or Type of Document: ---------------------------- Document Date: --------------------,--Number of Pag es: _____ _ Sl gner(s) Other Than Named Above: ---------------------- Capacity(ies) Cl aimed by Signer(s) Signer's Name: ------------ 0 Corporate Offi cer -Title(s): ______ _ 0 Partner -0 Limit ed 0 Gener al 0 Individual 0 Attorney in Fact 0 Truste e 0 Guardian or Conservator 0 Other:-------------- Signer Is Representing: --------- Signer 's Name: ____________ _ 0 Corp o rat e Officer -Tltle(s): ______ _ 0 Partner -0 Limited 0 General 0 Individual 0 Attorney in Fact 0 Trustee 0 Guardian or Conservator 0 Other: -------------- Signer Is Repre senting: --------- ©2016 National Notary Assoc iation · www.NationaiNotary.org • 1-800-US NOTA RY (1-800-87 6-6827) Item #5907 EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY TRACT NO. 73663 IN THE CITY OF TEMPLE CITY, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA BEING A SUBDIVISION OF A PORTION OF LOT 6, TRACT 12049 AS PER MAP RECORDED IN BOOK 224 PAGE 21 OF MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY AND PARCEL "B" OF LOT LINE ADJUSTMENT NO LLA-15000258 RECORDED AS INSTRUMENT NO 20160276645 OFFICIAL RECORDS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY EXHIBIT "B" LIST O F PUBLIC IMPROVEMENTS PUBLIC IMPROVEMENTS LIVE OAK AVENUE: TRACT NO . 73663 86 . The developer shall install new curb ramp at the southeast and southwes t corner of Live Oak Avenue and McCulloch Avenue in accordance with Standard Plan s fo r Public Works Construction (SPPWC) Sta ndard Pla n 11 1-5 and as directed by th e City Enginee r or his/her designee . 87 . The developer shall install new concrete sidewalk alon g th e length of the property frontage in accordance with SPPWC St andard Plan 113-2, and as directed by the City Engineer and/or his/her des ignee . 88 . The developer shall install new curb and gutter along the le ngth of the property frontage in accordance with SPPWC standard plan 120-2. and as directed by the City Engineer or his/he r designee . 89 . The developer shall rehabilitate existing AC street pavement along the length of the property frontage to the ce nter line of th e street as indicate d bel ow, and as directed by the City Eng inee r or his/her designee: a . Grin d exis ting pave ment to a depth of 2" and overlay new AC . 90 . The developer shall underground all service supply lines from the existing utility poles in the right-of-way to the property. MCCULLOCH AVEN UE: 91 . The developer shall install new concrete sidewalk along the length of the property frontage in accordance with SPPWC Standard Plan 113-2 , and as directed by the City Eng ineer and/or his/her designee . 92 . The developer shall rehab ilitate exis ti ng asphalt ic concrete street pa vement along the length of the property frontage to the half width of the street as indicated below, and as directed by the City Engineer or his/her designee . Furthermore, the de ve loper sha ll rehabili ta te t he existing asphaltic concrete stre et paveme nt along the le ngt h of the prope rty frontages of 5660 McCulloch Av en ue and the adjacent 60 foo t portion (approximately) of 5650 McCulloch Avenue to th e half width of the st reet, as directed by the City Eng ineer or his/h e r designee . 93 . The developer shall install new curb and gutter a long the length of the property fron tage in accordanc e with SPPWC standard plan 120-2, and as directed by the City Engineer o r his/her designee . 94 . The devel oper shall grind existing pavement to a depth of two inc hes and ove rlay new asphaltic concrete . 95 . The developer shall underground all serv ice supply lines from the ex ist ing util ity poles in the right-of-wa y to the property. EXHIBIT "C" SURETY BONDS AND OTHER SECURITY TRACT NO. 73663 As ev idence of understanding th e provi s ion s co ntained in this Agreement, and ofthe Developer's intent to comply with same, the Developer has s ubmitte d the belo w describ ed securi ty in th e a m ounts required by thi s A greement, a nd has affixed the appropriate s ignature s th ereto: PERFORMANCE BOND PRINCIPAL AMOUNT: $ 13 1,002 .25 --~---------------Surety : Bond No 0702637 Atto rney-in-fact: Inte rn at io na l F idelity In s urance Company Alleghen y Casualty Company Address: One Newark Cente r, 20th F loor Newark New Jersey 07102-5207 MATERIAL AND LABOR BOND PRINCIPAL AMOUNT : $ 13 1,002.25 Surety: Bond No 0702637 Attorney-in-fact: Inte rn ationa l Fidelity Ins urance Company Allegheny Casualty Company Address: One Newark Cente r, 201h Floor Newark New J e rsey 07102-5207 CASH MONUMENT SECURITY: $ 0 ·~~~--------------------------Amount filed w ith fin a nce d e partment $ 262,004.50 Date: 8/3 0/2016 per tran s mittal dated 8/30/2016 City of Temple C1ty BOND TRANSMITTAL .. ·-···· -----.... ·- To : : Lee Ma, Accountant Cc: -·-··············· r·;~-n-~i~--Ta~ango, Bui.jding Offlci~l~ ···················----•• -. . .•... -... --------------+--.. ------.. ·---· -----------------------· --------·-................... _ ............... ..-.... • __ ....... ··---____ ;_ ~ylvi~ Robles, Bui_lding/Housin9 A~~i ~~?~~---... __ __ _ ··-__ --··· From : -·---------·-···i_-Ada-m G"uiick. Associate ! Planner Date: l August 30, 2016 .. .l File No(s).: : File 15·248, Tract Map 73663 ! ........ -----------·-·j------···--·--......... ... ......... . ... . ............................................ ·-··············-· ---~ Addres s: __ l_5654 and 5657 McCulloch Avenue j Description: i Subdivision Improvement Bonds for a new 28-unit residential !: j_ condominium development ____ ... ,. !.: Appl ica nt: ! Chris Borlan d, Olson Homes Contact: •:!: cbo rl and@theo lso n co.co m i (562) 370·93 06 ! '-J The developer (Olson Homes) for the reside ntia l development kn own as Blossom Walk (Tract Map 73663) has submitted bonds t hat were required as part of their Subdivision Improvement Agreement. The bond information is as fo llows: Bond Number. 0702637 Amount: $131 ,002.25 Bond Number. Same as above Amount: $131,002.25 Per o ur conversation th is morning, plea se hold on to the attached bonds until the release is approved by Community Development Staff. INT ER NATIONAL FID ELITY INSURANCE COMPANY SUBDIVISIO N IM PROVEMENTS LAB OR AN D MATERIAL BOND Bond No . 0702637 Premium include -d...,...,-in--:P=-e-rf-=-o-rm-an-ce--:B:-on--:d KNOW ALL MEN BY THESE PRESENTS: That we, Olson Urban II Temple City 2 LLC as Principal , and INTERNATIONAL FIDELITY INSURANCE COMPANY, duly authorized under the laws of the State of New Jersey to become surety on bonds and undertakings , as Surety, are held and firmly bound unto City or Temple City as Obligee in the full and just sum of One Hundred Thirty One Thousand Two and 251104lollars, ($131 ,002.25 ) lawful money of the United Stales of America, for the payment whereof, said Principal and Surety bi nd themselves , their heirs, executors. successors, administrators and ass igns, jointly and severally, firmly by these pre sents . THE COND ITION OF THE OBU GATION IS SUCH THAT , Whereas, the Princ ipal and Obligee have entered into an agreement whereby the Principa l agrees to install and complete certain designated public improvements, which agreement, dated , and Identified as project Blosson Walk , is hereby referred to and made a part hereof; and Whereas , under the terms of the ag reemen t, the Princ ipal is requ ired before entering upon the performance of the work, to file a good and sufficient payment bond with the Obligee to secure the cla ims to which reference is made in Title 15 (comm encing with Section 3082) of Part 4 of Di visio n 3 of the Civil Code of the State of California . Now, therefore, the Pri ncipal and the undersigned as corporate Surety, are held firmly bound unto the Obligee and all contractors , subcontractors , laborers , materialmen , and other persons employed in the performance of the agreement and referred to in Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code in the sum of ~:" .. "" n..vo..n .. _,,__ Dollars ($ 131 ,002.25 ), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety wi ll pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond , will pa y, in addition to the fa ce amount the reof, costs and reasonable expe nses and fees , Including reasonab le attorney' s fees , Incurred by county (or city) in successfully enforcing this obligation, to be awarded an d fixed by the court, and to be taxed as costs and to be included in the j udgment therei n rendered . It is hereby expressly stipulated and agreed that th is bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Title 15 (commencing with Section 3082) of Part 4 of Division 3 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond . Should the condition of this bond be fully performed , then th is obligation shall become null and void, otherwise it shall be and remain in full force and effect. The Surety hereby stipulates and agrees that no change , extension of time, alteration , or add ition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obliga tions on th is bond , and it does hereby waive notice of any such change, extension , alteration, or addition . Sealed with our sea ls and dated this ..ru!!..__ day of_,Augu==s::...l ____ , 20_1_6 __ . Olson Urban II Temple Cily 2 LLC By: See sirnature p aie ________ /Principal --'J~a:..::ni:..::na:...:M:..::on=roe"'----'' Attorney-in-Fact Signature Block - Olson Urban II -Temple City 2, LLC OFFICIAL SIGNATURE BLOCK FORMAT: OLSON URBAN II-TEMPLE CITY 2, LLC a Delaware limited liability company By: OLSON URBAN COMMUNITIES II , LLC a Delaware limited liability company Sole Member By: OLSON URBAN VENTURES II , LLC a Delaware limited liability company Sole Member By: OLSON URBAN HOUSING , LLC a Delaware limited li ability company Operating Member By: " T e l ( 9 7 3 ) 6 2 4 - 7 2 0 0 P O W E R O F A T T O R N E Y I N T E R N A T I O N A L F I D E L I T Y I N S U R A N C E C O M P A N Y A L L E G H E N Y C A S U A L T Y C O M P A N Y O N E N E W A R K C E N T E R , 2 0 T H F L O O R N E W A R K , N E W J E R S E Y 0 7 1 0 2 - 5 2 0 7 K N O W A L L M E N B Y T H E S E P R E S E N T S : T h a t I N T E R N A T I O N A L F I D E L I T Y I N S U R A N C E C O M P A N Y , a o o r p o c a l l o n o r g a n i z e d a n d e x i s t i n g o o d e r l h e l a w s o r l l l e S t a l e o f N e w J e r s e y , a n d A L L E G H E N Y C A S U A L T Y C O M P A N Y a c o r p o r a l i o n o r g a n i z e d a n d e x i s t i n g u n d e r l h e l a w s o f l h e S t a t e o f P e M s y t v a n l a , h a v i n g t h e i r p r i n c i p a l o / l l c e I n l h e C i t y d N e w a r l <