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Resolution-PC 2006-15. ./ . ~ . . . . . . ~ . ~ .~ ~ ~.. . . . . ~. . ~ . . . . RESOLUTION NO. PC2006-15 A RESOLUTION OF THE OF ANAHEIM PLANNING COMMISSION RECOMMENDING CITY COUNCIL APPROVAL OF AN AMENDMENT TO DEVELOPMENT AGREEMENT NO. 2004-00002 BY AND BETWEEN THE ' CITY OF ANAHEIM AND CREA/NEXUS ANAHEIM CORNERS, LLC. AND MAKING CERTAIN FINDINGS RELATED THERETO (1801 E. KATELLA AVENUE) WHEREAS, Article 2.5 of Chapter 4 of Division 1 of Title 7(commencing with Section 65864) of the Government Code of the State of California (hereinafter the "Statute") authorizes a city to enter into a development agreement with any person having a legal or equitable interest in real property for the development of the property as provided in said Statute; and WHEREAS, upon request of an appficant, cities are required to establish procedures and requirements by resolution or ordinance for the consideration of development agreements; and WHEREAS, the City of Anaheim (hereinafter the "City"),heretofore on November 23, 1982, enacted Ordinance No. 4377 (hereinafter the "Enabling Ordinance") which makes the City subject to the Statute; and WHEREAS, pursuant to subdivision (c) of Section 65865 of the Statute, the City heretofore on November 23, 1982, adopted Resolution No. 82R=565 (hereinafter the "Procedures Resolution") establishing procedures and requirements for the consideration of developmenf agreements upon receipt of an application by the City; and WHEREAS, on May 25, 2004, the Anaheim City Council approved General Plan Amendment No. 2004-00419 setting forth the City's vision for development of the City ofAnaheim ("General Plan AmendmenY'), and certified Final Environmental lmpact Report No. 330, adopting Findings of Fact and a Statement of Overriding Considerations, and associated Mitigation Monitoring Plans ("FEIR No. 330"),'in conjunction with its consideration and approval of the General Plan Amendment, amendment of the City's zoning code, and a series of related actions; and WHEREAS, the General Plan Amendment sets forth a vision for development of Mixetl Uses, Office High, Office Low, Industrial and Institutional land uses within an approximately 820-acre area generally bounded by the Santa Ana River on the east, the Anaheim City limits on the south, the Santa Ana Freeway (Interstate 5) on the west, and the Southem Califomia Edison Company Easement on the north ("hereinafter referred to as The Platinum Triangle"); and WHEREAS, in order to carry out the goals and policies of the General Plan for The Platinum Triangle, on August 17, 2004, the City Councif adopted Resolution No. 2004-177, approving The Platinum Triangle Master Land Use Plan, setting forth the new vision for The Platinum Triangle; and WHEREAS, to further implement the goals and policies of the General Plan for The Platinum Triangle and pursuant to the procedures set forth in Chapter 18.76 of the Anaheim Municipal Code, on August 24, 2004, the City Counci{ adopted Ordinance No. 5378 amending Title 18 of the Anaheim Municipal Code to establish zoning and development standards for the Platinum Triangle Mixed-Use (PTMU) Overlay Zone (the `PTMU Overlay Zone") and Ordinance No. 5936, amending the zoning map to reclassify approximately three hundred and seventy-five acres within The Platinum Triangle into the PTMU Overlay Zone as depicted in The Platinum Triangle Master Land Use Plan to provide opportunities for high : quality well-designed development projects that could be stand-alone projects or that combine residential with non-residential uses including office, retail, business services, personal services, public spaces and uses, and other community amenities within the area; and WHEREAS, the PTMU OverlayZone requires an approved Final Site Plan and a DevelopmenfAgreement between the property owner and the City of Anaheim to implement all development ' Cr1PC2006-15 -1- PC2006-15 _ ~ ~ in the Katella, Gene Autry and Gateway Districts of thePTMU Overlay Zone, except as otherwise exempt under the Code; and WHEREAS, when a Final Site Plan application includes a request for a Variance or a Conditional Use Permit, the PTMU Overlay Zone requires the Variance and/or Conditional Use Permit applications to be processed concurrently with the Development; and WHEREAS, on August 17, 2004 the City Council adopted Resolution No. 2004-179, approving the form of the Standard Development Agreement for The Platinum Triangle PTMU Dverlay Zone; and WHEREAS, in connection with adoption of The Platinum Triangle MasterLand Use Plan, the PTMU Overlay Zone, and the form of the Standard Development Agreement for The Platinum Triangle, the City Council by motion, as lead agency for the proposed actions,' determined that FEIR No. 330 and the associated Updated and Modified Mitigation Monitoring Program No: 106 for The Platinum Triangle, were in compliance with CEQA and the state and City CEQA guidelines and were adequate to serve as the required environmental documentation for said actions based upon findings set forth in said motion; and WHEREAS, on November 15, 2004, the Planning Commission recommended approval of Development Agreement No. 2004-00002 by and between the City of Anaheim and CREA/Nexus Anaheim Corners, LLC, in conjunction with the approval of Conditional Use Permit No: 2004-04906 (to modify , required setbacks and to permit sales of alcoholic beverages for on-premises consumption irr a proposed 7,839 square foot restaurant within the Stadium Lofts - Anaheim (a proposed high=density urban mixed-use center with 390 apartment dwelling units located above 2,820 square feet of retail use, 7,839 square feet of restaurant use, and 6,297 square feet of clubhouse and leasing office surrounding a 5-level parking structure) with waivers of minimum dimension and area of patios/balconies'and required building treatment adjacent to streets); and WHEREAS, on November 16, 2004, the City Council did hold a public hearing at the Civic Center in the City of Anaheim, notice of said public hearing having been duly given as required by law and in accordance with the provisions of the Anaheim Municipal Code, Chapter 18.60, to hear and consider evidence for and against said Development Agreement and Conditional Use Permit No. 2004-04906 and to investigate and make findings and recommendations in connection therewith; and WHEREAS, the City Council concurred with the decision of the Planning Commission and approved Development Agreement No. 2004-00002 by and between the City of Anaheim and CREA/Nexus Anaheim Corners, LLC, by adopting Resolution No. 2004-232 for the Conditional Use Permit and Ordinance No. 5952 for the Development Agreement; and WHEREAS, on December 18, 2005, pursuant to the Statute, the Enabling Ordinance, and the Procedures Resolution (hereinafter collectively referred to as the "Development Agreement Law"), CREA/Nexus Anaheim Corners, LLC. ("ApplicanY'), submitted an application to the Planning Department to amend Development Agreement No. 2004-00002 (the "Application"), to allow residential condominiums, and to establish a 1-lot, 390 unit residential mixed use condominium subdivision; and WHEREAS, the Development Agreement pertains to approximately 6.284 acres of real property in the City of Anaheim, owned in fee by the Applicant, commonly known as 1801 East Katella Avenue (the "Property"), which is located in The Platinum Triangle and zoned PTMU Overlay (Katella District), and more particularly shown and described on Exhibit "A", which is attached hereto and incorporated herein by this reference; and WHEREAS, Applicant desires to develop the Property in accordance with the provisions of the Development Agreement by developing a mixed use project consisting of 390 dwelling units, 2,820 square feet of retail, 7,839 square feet of restaurant, 6,297 square feet of clubhouse/leasing and an 845 space parking structure, as more particularly set forth in Final Site Plan No. 2004-00005 and Conditional Use Permit No. 2004-04906 (hereinafter collectively referred to as the "Project"); and WHEREAS, the Planning Director approved the requested amendmentto Final Site Plan No. 2004-00005 to provide for the development of the Stadium Lofts - Anaheim project, contingent upon the ' - -2- PC2006-15 ~ ~ approval of this amendmentto Development Agreement No. 2004-00002 by the Planning Commission and City Council; and WHEREAS, the Planning Commission did hold a public hearing at the Civic Center in the City of Anaheim on January 23, 2006, at 2:30 p.m., notice of said public hearing having been dulygiven as required by law and in accordance with the provisions of the Anaheim Municipal Code; Chapter 18.60' "Procedures" tohear and consider evidence for and against said proposed amendment and to investigate and make findings and recommendations in connection therewith; and WHEREAS, the Applicant has demonstrated that the Project meets the eligibility requirements of the Procedures Resolution to enter into the Development Agreement by showing that, upon completion, the Project will result in the construction of 390 condominiums, 2,820 square feet of retail, 7,839 square feet of restaurant, 6,297 square feet of clubhouse/leasing and an 845 space parking structure; and WHEREAS, said Commission, after due inspection, investigation and study made by itself and in its behalf, and after due consideration of and based upon all of the evidence and reports offered at said hearing, does find and determine that the Development Agreement meets the following standards set forth in the Procedures Resolution: 1. That the amended Agreement has been prepared in conformance with the form of the standardized Platinum Triangle Development Agreement approved per Resolution Na'2004-179. Further, the applicant has demonstrated eligibility to enter into the amended Development Agreement since the project will result in the construction of 390 residential units, 2,820 square feet of retail use and 7,839 square feet of restaurant use, as oriqinally aqqroved. The proposed amendment and tentafive tract map would maintain consistency with goals and policies of the General Plan Mixed Use land use designation for The Platinum Triangle and The Platinum Triangle Master Land Use Plan, and would be consistent with the following recently approved projects in this zoning district: • Platinum Triangle Condominiums at 1331 East Katella Avenue '- TTM 16832 • Stadium Park Residential at 1515 East Katella Avenue - TTM 16831 • Platinum Centre Condominiums at 1818 South State College- TTM 16825 • Anaheim Stadium Condominiums at 2100 East Katella- TTM 16800 2. That the amendment proposed is compatible with the uses authorized in and the regulations prescribed for the applicable zoning district in that the Project is in compliance with the PTMU Overlay Zone requirements as set forth in Final Site Plan No. 2004-00005 as amended, which has been approved by the Planning Director, as there are no physical or structural changes to the building and it will be constructed as originally approved. 3. That the requested amendment and map are compatible with the orderly development of property in the surrounding area in that it is in conformance with and implements The Platinum Triangle Master Land Use Plan and the PTMU Overlay Zone requirements. 4. That the Project is not otherwise detrimental to the health and safety of the citizens of the City of Anaheim. 5. That the amendment to the Development Agreement constitutes a lawful, present exercise of the City's police power and authority under the Staiute, the Enabling Ordinance and the Procedures Resolution. 6. That the Development Agreement is entered into pursuant to and in compliance with its charter powers and the requirements of Section 65867 of the Statute, the Enabling Ordinance and the Procedures Resolution. 7. That no one indicated their presence at said public hearing in opposition; and that no correspondence was received in opposition to the subject petition. -3- PC2006-15 ~ ~ CALIFORNIA ENVIRONMENTAL QUAUTY ACT FINDING: That the Anaheim Planning Commission has reviewed the proposal to amend a Development Agreement between the City of Anaheim and CREA/Nexus Anaheim Corners, LLC to allow residential mixed use condominiums and does hereby find that the Mitigated Negative Declaration and Mitigation Monitoring Plan No. 125 previously-approved in connection with Development Agreement No. 2004-00002 and Conditional Use Permit No. 2004-04906 is adequate to serve as the required environmental documentation in connection for this request upon finding that the declaration reflects the independent judgment of the lead agency and that it has considered the Mitigated Negative Declaration together with any comments received during'the public review process and further finding on the basis of the initial study and any comments' received that there is no substantial evidence that the project will have a significant effect on the environment. NOW, THEREFORE, BE IT RESOLVED that based upon the aforesaid findings and determinations, the Anaheim City Planning Commission does hereby recommend to the City Council approval of the proposed amendment to Development Agreement No. 2004-00002 to allow residentiaf condominiums, and to esta6lish a 1-1ot, 390 unit residential mixed use condominium subdivision. THE FOREGOING RESOLUTION was ado ed e Planning m' ion meeting of January 23, 2006. ` CHAI N, ANAHEIM LAN G COM ISSION ATTEST: : ~~~.....s~.-- SENIOR SECRETARY, ANAHEIM PLANNING COMMISSION STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, Eleanor Morris, Senior Secretary of the Anaheim Planning Commission, do hereby certify that the foregoing resolution was passed and adopted at a meeting of the Anaheim City Planning Commission held on January 23, 2006, by the following vote of the members thereof: AYES: COMMISSIONERS: BUFFA, EASTMAN, FLORES, KARAKI, PEREZ, ROMERO, VELASQUEZ NOES: COMMISSIONERS: NONE ABSENT: COMMISSIONERS: NONE 1N WITNESS WHEREOF, { have hereunto set my hand this -! ~ day of ~D7'd~.r , 2006. /Y.~~ s~w ~`'Y~s-S~'v~ SENIOR SECRETARY, ANAHEIM PLANNING COMMISSION PC2006-15 ~ ~ RECORDING REQUESTED BY AND ' WHEN RECORDED RETURN TO: City Council , City of Anaheim c/o City Clerk P.O. Box 3222 , Anaheim, California 92$OS (Space Above Line For Recorder's Use) ~ DEVELOPMENT AGREEMENT NO. DAG 2004=00002 _ BETWEEN THE CITY OF ANAHEIM ' AND : ` CREA/Nexus Anaheim Corners, LLC. ~ ~ DEVELOPIVIENT AGREEMENT NO. DAG 2004-00002 BETWEEN THE CITY OF ANAHEIM AND CREA/Nexus Anaheim Corners, LLC. TABLE OF CONTENTS Page RECITALS . . . .......... ...............: ......:....... .................... ....... .:....... ........ ........ .. . .. 1 Section L DEFINITIONS ........................... ..:........................... ......... ............ 5 1.1 Assessment District ` ........................... ......... ......... ............. 5 1.2 Authorizing Ordinance ............ ..:...:.. ......... ......... ............. 5 1.3 CITY ........................................ ......... ......... ....::... ............. S 1.4 Conditional Use Permit .. ... .. .. . . ... .. .:. ... .... . 5 1.5 Development ...................:. ........' ....... ........ ......... ............. 6 1.6 Development Agreement Date . ......... ........: ......:.: ............ 6 ' 1.7 Development A~reement Statute ........ ........ ......... ............. 6 1.8 Development Ap~rovals .............................. ......... ... ..:;:,.... 6 19 Enabling Ordinance .................. .................... :..................... 6 ' ~ 1.10 Existin~ Land Use Re ulations . ................... ......... ............ 6 1.11 Final Site Plan ........................................................................ 6 1.12 Gross Floor Area/GFA .......................................................... 7 1.13 Interim Devel~ment Fees ..................................................... 7 1.14 Mort~a~e ................................................................................ 7 1.15 Mortga~ee ................................................................:............ 7 . 1.16 Owner .................................................................................... 7 1.17 Parkin~ Areas ........................................................................ 7 1.18 Permitted Buildin~s .............................................................. 7 1.19 Platinum Trian lg e Area ...................................:...................... 7 1.20 Procedures Resolution ........................................................... 7 1.21 Project .........:.......................................................................... 7 1.22 PropertX .................................................................................. $ 1.23 Sunplemental Propert ~~ ........... ..... .... ...... .. .... ... .. ....... 8 1.24 Support Commercial Uses ...............................:.................... 8 1.25 Term ....................................................................................... 8 Section 2. TERM ................................................................................................. $ 2.1 ................................................................................................ 8 2.2 ................................................................................................ 8 2.3 ...................................................................................... 8 Section 3. BINDING COVENANTS ................................................................. 9 Section 4. EFFECT OF AGREEMENT ............................................................. i 9 ~ ~ Section 5. PROJECT LAND USES . ................... ............................................ 9 Section 6. PERMITTED BUILDINGS .:...: .......... ......... ..:... ....... .:....:. ........ . 9 6.1 Descrintion of Permitted Buildin~s ...... .:....... :.......: ......... ............ . 9 6.2 Parking Areas ........ .............................. ......... ......... ....:.... ............ . 9 Section 7. DENSITY OF PERMITTED BUILDINGS .. ......... ......... ............ 10 : Section 8. ENFORCEMENT ........... :............... .... .:..... ......... ...................... 10 Section 9. PUBLIC IMPROVEMENTS AND SERVICES ..... ..... .... ........... 10 9.1 Public Park .......................... ....:. ....... ......... ......... ........... 11 9.2 Utilitie~Water Electrical, Gas, Sewer, & Draina~e)......... 11 9.2.1 Water Service ..........:. .............. .:...... ....... ........ .:..... ....... 11 9.2.2 Storm and Sewer Drains ........... .......: ......... ......... ............ 12 9.3 Timing, Phasing and Sequence of Public Tmprovements and Facilities . .................. ......:..:. ..:.......... 12 9.4 Traffic Circulation Improvements ...... .:....... ......... ....,....... 12 Section 10. REIMBURSEMENT PROVISION .................................................. 12 Section 1 L DEDICATIONS AND EXACTIONS .......... ....... .. .... ..... ... ... 12 : Section 12. FEES. TAXES AND ASSESSMENT ............................................. ^ 13 12.1 Fees, Taxes and Assessments ............................................... 13 12.2 Platinum Trian lg e Interim Develapment Fees ..................... 13 12.2.1 Electrical Utilities Under~roundin~ ee ............................... 13 12.2.2 Fire Facilities Fee ................................................................. 13 12.2.3 General Plan and Environmental Processin~e ................. 13 12.2.4 Librarv Facilities Fee ............................................................ 13 12.2.5 Park Fee ................................................................................ 13 12.2.6 Police Facilities Fee .............. ............... .................. 13 12.2.7 Public Warks Supplemental Sewer, Storm Drain and Beautification Fees ................................................ 13 12.2.8 Traffic Impact Fee ................................................................ 14 12.3 Excluded Development Fees ................................................ 14 12.3.1 Water Utilities Fees ............................................................. 14 12.3.2 Electrical Utilities Fees . ....................................................... 14 12.3.3 Citv Processing Fees ............................................................. 14 12.4 Platinum Triang;le Infrastructure and/or Maintenance Assessment District ............................ ...... ......... ..... 14 12.5 Accountin~ of Funds ............................................................. ii , 14 ~ ~ 12.6. Im~osition of Increased Fees Taxes or Assessments........... 14 Section 13 COVENANTS. CONDITIONS AND RESTRICTIONS ......:.......... 15 Section 14 NEXUSlREASONABLE RELATIONSHIP CHALLENGES..:...... 15 Section 15: TIMING OF DEVELOPMENT " .................., ......... .::...... ........... 15 Section 16. EXISTING USES . . .. . . . .........: :.. .......: ...... ......... ......... :............ 15 Section 17. FUTURE APPROVALS . ......... ......:.. ......... ......... ......... ............ 15 17.1 Basis for Denving or Conditionallv Grantin Fg uture At~provals ............ ........ .... ............. . ... ....:. ......... ........... 15 17.2 Standard of Review ...:.... ..:................. ......... ....:.... ............ 16 17.3 Future Amendments to Final Site Plan ................... ...:........ 16 < Section 18 AMENDMENT ............... :.............. ....... ......... ..:.. :.............. . .... 16 18.1 Initiation of Amendment ..................... ......... :........ .:......... 16 182 P d 1~ , roce ure ........................... ..... ............................ ........ .... 18.3 Consent ................................................................................ 16 18.4 Amendments ...................................................................:....1 b 18:5 Effect of Amendment to Development Agreement ..............17 Section 19. RESOLUTION OF INTENT AND USES FOR THE PROPERTY 17 19.1 Non-Cancellation of Ri~ .................................................. 17 Section 20. BENEFITS TO CITY .......................................................................17 Section 21. BENEFITS TO OWNER ................................................................. 17 Section 22. UNDERTAKINGS AND ASSUR~INCES CONTEMPLATED AND PROMOTED BY DEVELOPMENT AGREEMENT STATUTE...18 Section 23. RESERVED AUTHORITY ............................................................. 18 23.1 State and Federal Laws and ReQUlations .............................. 18 23.2 Buildin Cg odes .................................................................... 18 23.3 Public Health and Safetv ...................................................... 18 Section 24. CANCELLATION ........................................................................... 19 24.1 Initiation of Cancellation .....................................................19 24.2 Procedure ............................................................................. 19 24.3 Consent of Both Parties ........................................................ 19 Section 25. PERIODIC REVIEW . .............................................................. ... 19 25.1 Time for Review ..................................................................19 25,2 OWNER's Submission .........................................................19 iii . ~ 25.3 Findin s .... ......... ...:..... ......... ............. ............ ............... 19 25.4 Initiation of Reeiew by Citv Council .. ......:.. .....................::20 ~ iv • ~ Section 26. ~ EVENTS OF DEFAULT ......... ......... ........:..................... ....:...... 20 26.1 Defaults bv OWNER :. .......... .....:.. ................ .. ......... ............... 20 ' 26.2 ~ecific Performance Remedv ......... ......... ..:...... '............:............ 20 26:3 Liquidated Dama~es Remedv ........:.....:. .............. ..................... 21 Section 27. MODIFICATION OR TERMINATION ........ ........:........... :...........21 ' 27.1 Notice to OWNER ..::.............:. ........ ..:.....:.... ....................... ........ 21 _ 27.2 Public Hearing .. :........ .......... ....:......:... ..:... ....................... ........ 22 27.3 ~ Decision ....................:... ....:........................................................ _ 22 _ 27.4 Implementation .............. ............:................... .......:.......,:.....;.. 22 - 27.5 Schedule for Com~liance ............:.......... ... .......... .....:..:............. 22 Section 28. ASSIGNMENT .......................... .....:............... ................................22 28.1 ~ht to Assi~n .......................:............................. .:....... ............... 22 28.2 Release Upon Transfer ..................................................................... 23 Section 29. NO CONFLICTING ENACTMENTS ............................................ 23 Section 30. GENERAL ........................................................................................24 30.1 Force Ma,~eure .............. 24 30.2 Construction of Development Agreement ...................................... 24 30.3 ................................................................ Severabilitv ...................... _ 24 30.4 Cumulative Remedies ..................................................................... 25 30.5 Hold Harmless Ag~reeinent .....................................~........................ 25 30.6 Cooperation in the Event of Le a~l Challen~e ................................. 25 30.7 Public A~encx Coordination ................................ 25 30.8 Initiative Measures .......................................................................... 25 v • i 309 Attornevs' Fees ....' .... ......:............ .:.............................. .............. 26 34.10 No Waiver . ................ ....... ..:... . ........ ..:..... . ............... .... 26 30.11 AuthoritY to Execute ........... ........ .: ..... ........ .....:.. ..:...... ... 26 30.12 Notice ....................:.... ......'.........:....................,:......... .. 26' 30.12.1 Notice to OWNER ...... ...........:........ ..................:..... ....:........... 26 30.12.2 Notice to CITY . .....:....................... .:.:...:................ ................ 27 30.13 Captions .... ...................................... ...........:................ 27 30.14 Consent .......:.::. . .....:... ......:..... ................. ....:............ .... 27 30.15 Further Actions and Instruments ........:.. ....... ....'..... ........... 28 30.16 Subsequent Amendment to Authorizin Sg tatute ..:........... 28 30.17 Governing Law.... ......' ... ..:.........' ........ ................ ....:.... ... 28 30.18 Effect on Title .:.... ....:......... ....... ......:.......... ........ ............ 28 30.19 Mort~,a~ee Protection. .. ... ...... . .. .... 28 30.20 Notice of Default to Mo~_a e~e~, Ri htg of Mort~a eg; e to Cure ..... ... ..............:........... ......... ....... .... ... 28 30.21 Bankruptcv .......... .....:.:.................................................. ... 29 30.22 Disaffirmance ....................................................................:. 29 30.22.1 .................................................. . . .............. 29 30.22.2 ...................................................................:.:. 29 ~ 30.22.3 ..............................:.....................................:. 29 30.22.4 ...................................................................... 29 30.22.5 ....................................................................... 29 30.23 No Third Partv Beneficiaries ............................................... 29 30.24 Proj,ect as a Private Undertakin~ ........................................... 30 30.25 Restrictions ........................................................................... 30 30.26 Recitals ............................................................. .. 30 30.27 Recordin~ .............................................................................. 30 30.28 Title Report .......................................................................... 30 30.29 Entire A~reement ................................................................. 30 30.30 Successars and Assigns ........................................................31 30.31 OWNER'S Title to Propertv ................................................. 31 30.32 Exhibits ................................................................................ 31 LIST OF EXHIBITS Exhibit "A" Legal Description of the Property Exhibit "B" Final Site Plan (FSP 2004-00005) Exhibit "C" Conditional Use Permit No. CUP 2004-04906 Exhibit "D" Platinum Triangle Interim Development Fees Exhibit "D-1" Electrical Utilities Undergrounding Fee Exhibit "D-2" Fire Facilities Fee Exhibit "D-3" General Plan and Environmental Processing Fee vi Exhibit "D-4" Exhibit "D-5" Exhibit "D-6" Exhibit "D-7" Exhibit "D-8" Exhibit "E" Exhibit "F" Exhibit "G" • ' • Library Facilities Fee Park Fee Police Facilities Fee Public Works Supplemental Sewer, Storm Drain andBeautification Fees Traffic Impact' Fee Development and Maintenance Obligations Preliminary Title Report Connector Street Cast Estimate vii • • DEVELOPMENT AGREEMENT NO. DAG 2004-00002 BETWEEN THE CITY OF ANAHEIM AND CREAlNexus Anaheim Corners, LLC This Development Agreement is entered into this 15th day ofNovember, 2004, by and 'between the City of Anaheim, a charter city and municipal corporation, duly organized and existing under the ' Constitution and laws of the State of California (hereinafter "CITY") and CREA/Nexus Anaheim Corners, LLC, a Delaware limited liability company (hereinafter "OWNER"), pursuant to the authority set forth -in Article 2.5 of Chapter 4 of Division 1 of Title 7, , Sections 65864 through 65869.5 of the California Government Code (the "Development Agreement Statute"). : RECITALS This Development Agreement is predicated upon the following facts: : A. To strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic risk of development, the Legislature of the State of California adopted the Development Agreement Statute, Sections 65864, et seq., of the Government Code. The Development Agreement Statute authorizes CITY to enter into binding development agreements with persons having legal or equitable interests in real property for the development of such property in order to, among other things: encourage and provide for the development of public facilities in order to support development projects; provide certainty in the approval of development projects in order to avoid the waste of resources and the escalation in project costs and encourage inveshnent in and commitment to comprehensive pla.nning which will make maximum efficient utilization of resources at the least economic cost to the public; provide assurance to the applicants of development projects (1) that they may proceed with their projects in accordance with existing policies, rules and regulations, subject to the conditions of approval of such projects and provisions of such development agreements, and (2) encourage private participation in comprehensive planning and reduce the private and public economic costs of development. B. These Recitals refer to and utilize certain capitalized terms, which are defined , in this Development Agreement. The parties intend to refer to those definitions in conjunction with the use thereof in these Recitals. C. On May 25, 2004, the Anaheim City Council approved General Plan Amendment No. 2004-00419 setting forth the City's vision for development of the City of Anaheim (the "General Plan AmendmenY'), and certified Final Environmental Impact Report No. 330, adopting Findings of Fact and a Statement of Overriding Considerations, and associated Mitigation Monitoring Plans ("FEIR No. 330"), in conjunction with its consideration and approval of the General Plan Amendment, amendment of CITY's zoning code, and a series of related actions. 1 ~ . D. CITY desires that the approximately 820-acre area generally bounded by the Santa Ana River on the east, the Anaheim City limits on the south, the Santa Ana Freeway (Interstate 5) on the west, and the Southern California Edison Company Easement on the north (hereinafter' called "The Platinum Triangle Area") be developed as' a combination of high quality industrial, office, commercial and residential uses, as envisioned in the General Plan Amendment. E. In order to carry out the goals and policies of the General Plan far The Platinum Triangle, on May 25, 2004, the City Council approved The Platinum Triangle Master Land Use Plan, setting forth the new vision for The Platinum Triangle. F. To further implement the goals and policies of the General Plan for The Platinum Triangle, the City Council has established The Platinum Triangle Mixed-Use ' (PTMLn Overlay' Zone ,(hereinafter the "PTMU Overlay Zone") consisting orf approximately three hundred and seventy-five acres within The Platinum Triangle as depicted in The Platinum Triangle Master Land Use Plan to provide opportunities for high quality well-designed development projects that could be stand-alone projects or combine .residential with non-residential uses including office; retail, business services, personal services, public spaces and uses, and other community amenities within the area. G. OWNER represents that 'it owns in fee approximately 6.284 acres of real property located at 1801 East Katella Avenue, in the City, County of Orange (hereinafter "County"), State of California (hereinafter collectively called the "Property") in The Platinum Triangle and zoned PTMU Overlay and more particularly shown and described ' on Exhibit "A" attached hereto and made a part hereof by this reference. H. OWNER desires to develop the Property in accordance with the provisions of this Development Agreement by developing a mixed use project consisting of 390 condominiums, 2,820 square feet of retail, 7,839 square feet of restaurant, 6,297 square feet of clubhouse/leasing and an 845 space parking structure all as more particularly set forth in the Final Site Plan (hereinafter collectively called the "Project"). I. CITY desires to accomplish the goals and objectives set forth in the CITY's General Plan and the objectives for the PTMU Overlay Zone as set forth in subsection 18.20.O10A20 of the Anaheim Municipal Code, and finds that the Project will accomplish said goals and objectives. J. The City Council, as duly recommended by the Planning Commission, adopted Ordinance No. 5936 on August 24, 2004 reclassifying the property in The Platinum Triangle, including the Property, into the PTMtJ Overlay Zone. K. Pursuant to the Final Site Plan, OWNER will submit tentative maps and/or vesting tentative maps, if required. OWNER further anticipates the submission of detailed construction plans and other documentation required by CITY in order for the OWNER to obtain its building permits. . . L. As consideration far the benefits gained from the vested rights , acquired pursuant to the Developmerit Agreement Statute,'to conform with the requirements of the PTMU Overlay Zone, and to comply with the applicable mitigation measures imposed by ' Mitigation Monitoring Program Na 106 and Mitigation Monitoring Program No. 125 for the Project, CITY is requiring that OWNER construct and install a number of public improvements, including off-site traffic circulation improvements, and provide other public benefits. M. In order to avoid any misunderstandings or disputes which may arise from time to time between OWNER and CITY concerning the proposed development of the Project and to assure each party of the intention of the other as to the `processing of any land use entitlements which now or hereafter may be required for such development; the parties believe it is desirable to set forth their intentions and understandinga in this Development Agreement. In arder far both CITY and OWNER to achieve their respective objectives, it is imperative that each be as certain as possible that OWNER will develop and that CITY will permit OWNER to develop the Project and public improvements as approved by CITY within the time periods provided in this Development Agreement. N. CITY, as a charter city, has enacted Ordinance Na 4377 on November 23, 1982, which makes CITY subject to the Development Agreement Statute. Pursuant to ` Section 65865 of the Development Agreement Statute, CITY adopted Resolution'Na 82R-565 (the "Procedures Resolution") on November 23, 1982. The Procedures ' Resolution establishes procedures and requirements for the consideration of development agreements upon receipt of an application. O.On October 4, 2004, as required by Section 1.0 of the Procedures Resolution, OWNER submitted to the Planning Department an application for approval of a development agreement (hereinafter called the "Application"). The Application included a proposed development agreement (the "Proposed Development Agreement"). P. On October 21, 2004, as required by Section 65867 of the Development Agreement Statute and Section 2.1 of the Procedures Resolution, the Planning Director gave public notice of the City Planning Commission's intention to cansider a recommendation to the City Council regarding adoption of a development agreement. Q. On November 15, 2004, as required by Section 65867 of the Development Agreement Statute and Section 2.2 of the Procedures Resolution, the City Planning Commission held a public hearing on the Application. R. On that date, the City Planning Commission, after considering an Initial Study conducted pursuant to CEQA for this Development Agreement, and the requirements of CEQA, including Section 21166 of the California Public Resources Code and Section 15162 of the CEQA Guidelines, found and determined that FEIR No 330 previously certified by the City Council for the Amended General Plan and related projects, together with Mitigation Monitoring Program No. 106 for The Platinum Triangle, and a Mitigated , 3 • • Negative Declaration for the Development Agreement and the' Project, together with Mitigation' Monitoring Program No. 125, are adequate to serve as the required environmental documentation for this Development Agreement and satisfy all of the requirements of CEQA, and 'that no further' environmental documentation need be prepared for this Development Agreement. S. The Planning Commission further found that the Development Agreement meets the following standards set forth in Section 2.3 of the Procedures Resolution, to wit, that the Proposed Project: (a) is consistent with the CITY's existing General Plan, (b) is compatible with the uses authorized in and the regulations prescribed for the applicable zoning district, (c) is compatible with the orderly development of property in the surrounding area and (d) is not otherwise detrimental to the health, safety and general welfare of the citizens of CITY. Based upon the aforesaid findings, the City Planning Commission recommended that the City Council approve the Application and this Development Agreementpursuant to Resolution No. PC. 2004-140. ' T. On November 4, 2004, as required by Section 65867 of the Development Agreement Statute and Section 31 of the Procedures Resolution, the City Clerk caused public notice to be given of the City Council's intention to 'consider adoption of a development agreement. U. On November 16, 2004, as required by Section 65867 of the Development Agreement Statute and Section 3.2 of the Procedures Resolution, the City Council held a public hearing on the Application. V. On that date, the City Council after considering an Initial Study conducted pursuant to CEQA for this Development Agreement, and the requirements of CEQA, including Section 21166 of the California Public Resources Code and Section 15162 of the CEQA Guidelines, found and determined that FEIR No. 330 previously certified by the City Council for the Amended General Plan and related projects, together with Mitigation Monitoring Program No. 106 for The Platinum Triangle, and a Mitigated Negative Declaration for the Development Agreement and the Project, together with Mitigation Monitoring Program No. 125, are adequate to serve as the required environmental documentation for this Development Agreement and satisfy all of the requirements of CEQA, and that no further environmental documentation need be prepared for this Development Agreement. W. On November 16, 2004, the City Council found and determined that this Development Agreement: (i) is consistent with the CITY's existing General Plan; (ii) is not otherwise detrimental to the health, safety and general welfare of the citizens of CITY; (iii) is entered into pursuant to and constitutes a present exercise of the CITY's police power; and (iv) is entered into pursuant to and in compliance with the requirements of Section 65867 of the Development Agreement Statute and the Procedures Resolution. _ • • X. In preparing and adopting `the General Plan and in granting the Development Approvals, CITY considered the health, safety and general welfare of the residents of CITY and prepared in this regard an extensive environmental 'impact report and other studies. Without limiting the generality of the foregoing, in preparing and adopting the General Plan and in granting the Development Approvals, the City Council carefully considered and determined the projected needs (taking into consideration the planned development of the Project and all other areas within the CITY) for water service, sewer service, storm drains, electrical facilities, traffic/circulation infrastructure; police and fire services, paramedic and similar improvements, facilities and services within The Platinum Triangle, and the appropriateness of the ' density and intensity of the development comprising the Project and the needs of the CITY and surrounding areas for ' other infrastructure. , Y. On December 7, 2004, the City Council adopted the Authorizing Ordinance authorizing the execution of this Development Agreement. NOW, THEREFORE, pursuant to the authority contained in the Development' Agreement Statute, as it applies to CITY, and pursuant to the Enabling Ordinance, the Procedures Resolution and the CITY's infierent powers as a charter city, and pursuant to the mutual promises and covenants herein contained, the parties hereto agree as follows: Section 1: DEFINITIONS. The following words and phrases are used as defined terms throughout this Development Agreement, and each defined term shall have the meaning set forth below. 1.1 Assessment District. "Assessment District" for purposes of this Development Agreement means a special district, assessment district or benefit area existing pursuant to State law or the charter powers of the CITY for purposes of financing the cost of public improvements, facilities, services and/or public facilities fees within a distinct geographic area of the CITY. 1.2 Authorizin~`Ordinance. The "Authorizing Ordinance" means CITY Ordinance No. 5952 approving this Development Agreement. 1.3 CITY. The "CITY" means the City of Anaheim, a charter city and municipal corporation, duly organized and existing under its charter and the Constitution and laws of the State of California. 1.4 The "Conditional Use Permit" means Conditional Use Permit No. CUP 2004- 04906 to modify the required setbacks and to permit sales of alcoholic beverages for on- premises consumption in the proposed restaurant with waivers of minimum dimension and area of patios/balconies and required building treatment adjacent to the street, a copy of which is attached hereto as Exhibit "C." • • 1.5 Develo~ment. "Development" means the improvement of the Property for purposes of effecting the structures, improvements and facilities comprising the Project, including, without ' limitation: grading, the construction of infrastructure and public facilities related to the Project whether located within or outside the Property; the construction of structures and buildings and the installation of landscaping. 1.6 Devel~ment Ag~eement_Date. The "Development Agreement Date" means the later of (i) the date of recordation in the office 'of the County Recorder of this Development Agreement, ar a memorandum thereof, or (ii) the effective date of the ~ Authorizing Ordinance. 1.7 Development Agreement Statute. The "Development Agreement Statute" means Sections 65864 through 65869.5 of the California Government Code as it exists on the Development Agreement Date. 1.8 Develo~ment Ap rovals. "Development Approvals" means the Final Site Plan, the Conditional Use and all site specific plans, maps, permits'and other entitlements to use of every kind and nature contemplated by the Final Site Plan which are approved or granted by CITY in connection with development of the Property, including, but not limited` to: site plans, tentative and final subdivision maps, vesting tentative maps, variances, conditional use permits and grading, building and other similar permits. To the extent any of such site specific plans, maps, permits and other entitlements to 'use are amended from time to time, "Development Approvals" shall include, if QWNER and CITY agree in writing, such matters as so amended. If this Development Agreement is required by law to be amended in order for "Development Approvals" to include any such amendments, "Development Approvals" shall not include such amendments unless and until this Development Agreement is so amended. 1.9 Enablin~ Ordinance. The "Enabling Ordinance" means Ordinance No. 4377 enacted by the CITY on November 23, 1982. 1.10 Existing Land Use Reg;ulations. "Existing Land Use Regulations" mean the ordinances and regulations adopted by the City of Anaheim in effect on the Effective Date, including the adopting ordinances and regulations that govern the permitted uses of land, the density and intensity of use, and the design, improvement, construction standards and specifications applicable to the development of the Property, including, but not limited to, the General Plan, the Zoning Code, The Platinum Triangle Master Land Use Plan, Mitigation Monitoring Program No. 106, Mitigation Monitoring Program No. 125, and all other ordinances of the City establishing subdivision standards, park regulations, impact or development fees and building and improvement standards, but only to the extent the Zoning Ordinance and such other regulations are not inconsistent with this Development Agreement. Existing Land Use Regulations do not include non- land use regulations, which include taxes. l.l l Final Site Plan. The "Final Site Plan" means Final Site Plan No. FSP 2004- 00005, as approved by the City Council on November 16, 2004, a copy of which is on 6 . '~ file in the Planning Department, and made a part hereof by this reference, which is summarized in Exhibit "B" attached hereto. 1.12 Gross Floor AreaJGFA. "Gross F1oor Area" or "GFA" means the gross floor area of any of tihe Permitted Buildings. , 1.13 Interim Development Fees. "Interim Development Fees" are the` fees imposed within The Platinum' Triangle pending adoption of permanent fee programs by the City as set forth in Paragraph 12.2 of this Agreement. 1.14 Mort~a~e: "Mortgage" means a mortgage, deed of trust or sale and leaseback arrangement or other transaction in which the Property, or a portion thereof or an interest therein, is pledged as security. 1.15 Mort~a~ee. "Mortgagee" means the holder of the beneficial interest under a Mortgage, or the owner of the Property, or interest therein, under a Mortgage. 1.16 Owner. "Owner° is CREAJNexus Anaheim Corners, LLC, and any person or entity with which or into which CREA/Nexus Anaheim Corners. LLC may merge, and any person or entity who may acquire substantially all ' of the assets of CREA/Nexus Anaheim Corners, LLC, and any person or entity who receives any of the rights or obligations of under this Development Agreement in accordance with the provisions of Section 28 (Assignment) of this Development Agreement. 1.17 Parking Areas. The "Parking Areas" means all parking structure(s), and/or all surface parking servicing the Project. 1.18 Permitted Buildin~s. "Permitted Buildings" include a mixed use structure , consistin~ of condominiums clubhouse/leasing,_retail and restaurant uses and the Parking Areas as identified in Section 6 of this Development Agreement and as further set forth in the Final Site Plan. This Development Agreement establishes maximum and minimum characteristics for each of the Permitted Buildings, as set forth in the Final Site Plan. 1.19 Platinum Triang,le Area. "The Platinum Triangle" means that portion of the City of Anaheim generally bounded on the east by the Santa Ana River, on the south by the Anaheim city limits, on the west by the Santa Ana Freeway, and on the north by the Southern California Edison Easement. 1.20 Procedures Resolution. The "Procedures Resolution" is Resolution No. 82R- 565 adopted by CITY pursuant to Section 65865 of the Development Agreement Statute. 1.21 Project. The "Project" means the development project contemplated by the Development Plan with respect to the Property, including but not limited to on-site and off-site improvements, as such development project is further defined, enhanced or modified pursuant to the provisions of this Development Agreement. 7 • ~ 1.22 Propertv. The "Property" means that certain real property shown and , described on Exhibit "A" to this Development Agreement. 1:23 Sunnlemental Parcel. A"Supplemental Parcel" is a parcel to be incorporated into the "Property" by separate action in the nature of a lot line adjustment prior to the commencement of construction on the project, at which time the supplemental parcel shall be merged into the "Property." 1.24 Support Commercial Uses. "Support Commercial Uses" are commercial~retail uses which may include retail uses, banking or financial offices, food , service, restaurants, service establishments and otfier similar uses in keeping with the nature of the Project and the required uses needed to support the occupants of office buildings, other office development, ` sports and entertainment venues and residential development in The Platinum Triangle. 1.25 Term. "Term" is defined in Section 2 of this Development Agreement. Section 2. TERM. 21 The term (hereinafter called "Term") of this Development Agreement shall be that period of time during which this Development Agreement shall be in effect and bind the parties hereto. The Term shall commence on the Development Agreement Date and shall extend for a period of five (5) years thereafter, terminating at the end of the day on the fifth anniversary of the Development Agreement Date, subject to the periodic review and modification or termination provisions defined in Section 25 and Section 27, respectively, of this Development Agreement, and further subject to a reasonable _ extension for completion of the Project in accordance with the Timing of Development schedule set forth in Section 15 of this Development Agreement. 2.2 This Development Agreement shall terminate and be of no force and effect upon the occurrence of the entry of a final judgment or issuance of a final order, after all appeals have been exhausted, directed to CITY as a result of any lawsuit filed against CITY to set aside, withdraw or abrogate the approval of the City Council of this Development Agreement or if termination occurs pursuant to the provisions of the Procedures Resolution and such termination is so intended thereby. 2.3 If not already terminated by reason of any other provision in this Development Agreement, or for any other reason, this Development Agreement shall automatically terminate and be of no further force and effect upon completion of the Project pursuant to the terms of this Development Agreement and any further amendments thereto and the issuance of all occupancy permits and acceptance by CITY of all dedications and improvements as required by the development of the Project. ~ ~ Section 3. BINDING COVENANTS. ' The provisions of this Development Agreement to the extent permitted by 1aw shall constitute covenants which shall run with the Property for the benefit thereof, and the benefits of this Development Agreement shall bind and inure to the benefit of the parties and all successors in interest to the parties hereto. ' Section 4. BFFECT OF AGREEMENT. As a material part of the consideration of this Development Agreement, unless otherwise provided herein, the parties agree that the Existing Land Use Regulations shall be applicable to development of the Project. In connection with all subsequent discretionary actions by CITY required to implement the Final Site Plan and any discretionary actions which CITY takes or has the right to take under this Development Agreement relating to the Project, including any review, approval, renewal, conditional approval ar denial, CITY, shall exercise its discretion or take action in a manner which complies' and is consistent with the Final Site Plan, the Existing Land Use Regulations (as the same may be modified in accordance with this Development Agreement) and such other standards, terms and conditions expressly contained'in this Development'Agreement. CITY shall accept and timely process, in the normal manner for processing such matters as may then be applicable, all applications for further approvals with respect to the Project called for or required under this Development Agreement, including, any necessary site plan, tentative map, vesting tentative map, final map and any grading, construction or other permits filed by OWNER in accordance with the Development Approvals. Section 5. PROJECT LAND USES. The Property shall be used for such uses as may be permitted by the Development Approvals and the Existing Land Use Regulations. The duration of this Development Agreement, the density and intensity of use, developable GFA, footprint square footage, the maximum height and size of proposed buildings and structures, lot sizes, set back requirements, zoning, public improvements, and the provisions for reservation or dedication of land for public purposes shall be those set forth in the Development Approvals, the Existing Land Use Regulations and this Development Agreement pursuant to Section 65865.2 of the Development Agreement Statute. Section 6. PERMITTED BUILDINGS. 6.1 Descri~tion of Permitted Buildin~s. The Permitted Buildings to be located on the Property shall be as set forth on the Final Site Plan. The Project shall be constructed substantially in conformance with the Final Site Plan. 6.2 Parking Areas. The Parking Areas shall be constructed so that there will be sufficient parking spaces available within the Property as depicted and substantially in conformance with the Fina1 Site Plan. Prior to issuance of a building permit for the first residential dwelling unit in Stadium Lofts, OWNER shall xestrict the use of the Parking 9 , • Areas to, and shall record a covenant against the Property in a form approved by the City Attorney stating that the use of the Parking Areas shall be limited to tenants, visitors, patrons, invitees and other users of the Permitted Buildings: Said covenant shall also provide that the Parking Areas shall not be used to provide public parking for patrons of Angel Stadium of Anaheim, The Grove of Anaheim or the Arrowhead Pond of Anaheim without the prior written approval of the City Traffic and Transportation Manager and the Executive Directar of Convention/Sports and Entertainment, which approval shall be at CITY's sole discretion.' Section 7. DENSITY OF PERMITTED BUILDINGS. The Permitted Buildings shall be between the minimum and maximum sizes, and shall not exceed the maximum heights and maximum footprints set forth on the Final Site Plan. Section $. ENFORCEMENT. Unless this Development Agreement is terminated or cancelled pursuant to the provisions of this Development Agreement, this Development Agreement 'or any amendment hereto, shall be enforceable by any party hereto notwithstanding any change hereafter in any applicable general plan, specific plan, zoning ordinance, subdivision ordinance or building ordinance adopted by CITY which alters or amends the rules, regulations or policies of Development of the Project as provided in this Development Agreement pursuant to Section 65865.4 of the Development Agreement Statute; provided, however, that the limitations of this Section shall not apply to changes mandated by State or Federal laws or other permissible changes or new regulations as more particularly set forth in Section 23 of this Development Agreement. Section 9. PUBLIC IlVIPROVEMENTS AND SERVICES. In addition to performing any other obligations heretofore imposed as conditions of approval set forth in the Conditional Use Permit, as material consideration for the CITY's entering into this Development Agreement, OWNER shall undertake the construction and installation of the following public improvements required to support the Project and to enhance area-wide traffic circulation and emergency police and fire protection service within the time periods as set forth below and in conformance with the Existing Land Use Regulations. CITY shall cooperate with OWNER for the purpose of coordinating all public improvements constructed under the Development Approvals or this Development Agreement to existing or newly constructed public improvements, whether located within or outside of the Property. OWNER shall be responsible for and use good faith efforts to acquire any right(s)-of-way necessary to construct the public facility improvements required by, or otherwise necessary to comply with the conditions of, this Development Agreement or any Development Approvals. Should : it become necessary due to OWNER's failure or inability to acquire said right(s)-of-way within four months after OWNER begins its efforts to so acquire said right(s)-of-way, CITY shall negotiate the purchase of the necessary right(s)-of-way to construct the public improvements as io • ~ required by, or otherwise necessary to comply with the conditions of, this Development Agreement and, if necessary in accordance with the procedures established by State law, and the limitations fiereinafter set forth in this section, CITY may use its powers of eminent domain to condemn said required right(s)-of way. OWNER agrees to pay for all costs'associated with said acquisition and condemnation proceedings. If the CITY cannot make the proper findings or if far some other reason under the condemnation laws CITY - is prevented from acquiring the necessary right(s)-of-way to enable OWNER to construct the public improvements' required by, or otherwise necessary to comply with the conditions of, this Developxnent Agreement, then the parties agree to amend this Development Agreement to modify OWNER's obligations accordingly. Any such required modification shall involve the substitution of other considerations or obligations by OWNER (of similar value) as are negotiated in good faith between the parties hereto. Nothing contained in l1 this Section shall be deemed to constitute a determination or resolution of necessity by CITY to initiate condemnation proceedings. ' 9.1 Public Park. If ~the Property is eight (8) ar more acres OWNER shall be required to dedicate, improve and maintain a minimum size of 44 square feet for each residential unit for public park purposes as set forth in the Fina1 Site P1an. The value of the parkland dedication will be credited against overall park in lieu fees paid for the project. Consistent with existing Code requirements and policies, no credit will be given for improvements. 9.2 Utilities (Water Electrical, Gas, Sewer, and Draina~e). OWNER shall construct ' the public improvements necessary for the provision of requisite water, electrical, gas, sewer and drainage requirements for Project as more fully set forth in the Development Approvals. OWNER shall construct and relocate utilities as may be required to provide services to the Permitted Buildings on the Property or that are displaced by the construction of the Permitted Buildings. As OWNER submits detailed construction plans in order to obtain building permits for a Permitted Building and/or the : size and nature of the Project varies, the utilities that OWNER will construct ar relocate may be revised accordingly by the CITY. 9.2.1 Water Service. OWNER will provide engineering studies to size the water mains for ultimate development within the Project. Said engineering studies will be conducted prior to rendering of water service or signature approval of the final water improvement plans, whichever occurs first. The studies shall be subject to the approval of the General Manager, Public Utilities Department or authorized designee. The water system may be constructed incrementally, provided that said incremental phasing 'is adequate to provide municipal demands and fire flow protection for the proposed development phasing. OWNER will conform with Rule 15D of the Water Utility's Rates, Rules and Regulations which provides ~ for, in part, a fee based on GFA and the advancement of additional funds to construct the upgraded water facilities. OWNER shall be entitled to reimbursement in accordance with the terms of Rule 15D for the , advancement of additional funds to construct the upgraded water facilities. 11 ~ ~ 9.2.2 Storm and Sewer Drains. Prior to final building and zoning inspections for each Permitted Building, OWNER will construct sewers and storm drains to serve the ultimate development of the Property as provided by area-wide engineering studies to be conducted prior to issuance of any building permits for the first Permitted Building and updated prior to the issuance of any building permits for each subsequent Permitted Building. All studies shall be subject to the approval of the City Engineer. OWNER will construct improvements identified in said studies. The systems may be constructed incrementally provided that said incremental phasing is adequate to provide capacity for , the proposed development phasing. . 9.3 Timin~ Phasin~ and Sequence of Public Improvements and Facilities. The timing, phasing and sequence of the construction of public improvements and facilities or the payment of fees therefore shall be constructed or paid in accordance with the timing, phasing and sequence set forth in this Development Agreement and the Final Site Plan 9.4 Traffic Circulation Im~rovements. In order to assist CITY in providing far area-wide traffic circulation as requiredby this Project, OWNER shall cause to be made the traffic circulation improvements identified for the Project as Mitigation Monitoring Program Nos. 106 and 125 for the Project as shown on the Final Site Plan. Section 10. REIMBURSEMENT PROVISION. In the event OWNER is required to construct public improvements, which are supplemental to the requirements of the Project for the benefit of other properties, CITY will work with OWNER to establish mechanisms for proportional reimbursement from owners of the benefited properties. Section 11. DEDICATIONS AND EXACTIONS. Prior to issuance of the first building permit for the Project, OWNER shall irrevocably offer for dedication the rights-of-way, including connector streets and Market Street, if applicable, and other areas as more fully set forth in the Final Site Plan. These dedications shall be in fee or as an easement at the discretion of CITY. Upon completion and acceptance by CITY of the associated improvements in compliance with the specifications as approved by CITY, CITY may, at its discretion, accept OWNER's offer of dedication, or CITY may elect to defer acceptance of an offer of dedication, but no later than the time the ultimate improvements to the connector street have been made and accepted by the CITY. Prior to the issuance of the first building permit for the Project, OWNER shall further deposit with the CITY the Connector Street Cost Estimate in the amount set forth in Exhibit "G." Nothing contained in this Development Agreement, however, shall be deemed to preclude CITY from exercising the power of eminent domain with respect to the Property or the Project, or any part thereof. 12 ~ ~ Section 12. FEES, TAXES. AND ASSESSMENTS. 12.1 Fees, Taxes and Assessments. OWNER shall be responsible for the payment of fees in the amount and at the times set forth in the Existing' Land Use Regulations, as said amounts and timing may be modified in accordance' with this Development Agreemenf. , 12.2 Platinum Trian~le Interim Development Fees. CITY anticipates that a number of fees will be adopted to pay the costs attributable to new development in The Platinum Triangle. The Interim Development Fees constitute amounts estimated by the applicable Departmenta to be the approximate faix share of costs attributable to the Project. If an identified fee has been adopted prior to issuance of the'first building permit for the Project, the OWNER shall pay the fee. If an identified fee fias not been adopted at the time of issuance of said building permit; the OWNER shall pay the applicable Platinum Triangle Interim Development Fees set forth in attached Exhibit "D." If the OWNER has paid a Platinum Triangle Interim Development Fee, and upon subsequent adoption of a corresponding fee it is determined that the OWNER has paid an amount greater than the amount payable pursuant to the adopted fee, the excess amount paid as an Interim Development Fee shall be refunded to the OWNER. CITY shall not be obligated , to adopf any of the identified fees. If any such identified fee is not adopted, the parties agree that the Interim Development Fee is adequate to address the impacts of the Project. 12.2.1 Electrical Utilities Undergrounding Fee. OWNER will pay an Electrical Utilities Undergrounding Fee as set forth in Exhibit "D-1." 12.2.2 Fire Facilities Fee. OWNER will pay a Fire Facilities Fee as set forth in Exhibit "D-2." 12.2.3 General Plan and Environmental Processin~ Fee. OWNER will pay a processing FEE attributable to the cost of creating and establishing the Master Land Use Plan and the PTMU Overlay Zone for The Platinum Triangle, as well as the costs of associated environmental documentation, as said additional costs are set forth in Exhibit «D-3." 12.2.4 Librar~ Facilities Fee. OWNER will pay a Library Facilities Fee as set forth in Exhibit "D-4." 12.2.5 Park Fee. OWNER will pay the Park Fee as set forth on Exhibit "D-5." and, if the Property is eight or more acres in size, OWNER will dedicate, develop and maintain a mini-park substantially in conformance with the Final Site Plan. 12.2.6 Police Facilities Fee. OWNER will pay the Police Facilities Fee to defray the costs of capital facilities and equipment as set forth in Exhibit "D-6." 12.2.7 Public Works Su lemental Sewer Storm Drain and Beautification Fees. . ~ OWNER will pay Public Works Fees for supplemental sewer impacts, storm drain impacts, and arterial highway beautification/aesthetics as set forth'in Exhibit "D-7." 12.2.8 Traffic Im_pact Fee. OWNER will pay the Supplemental Traffic Impact Fee for improvements required to provide acceptable traffic service levels in and through the area's Master Plan of Arterial Highways system as set forth in Exhibit "D-8." 12.3 Excluded Development Fees. Fees Excluded from Existing ` Land Use Regulations. The following fees shall not be included among the fees, which would . otherwise fall within the definition of Existing Land Use Regulations: 12.3:1 Water Utilities Fees. OWNER will pay all applicable fees in accordance with the Water Utilities Rates, Rules and Regulations in effect at the time of application for service including Rule 15D ;which provides for, in part; a fee based on GFA to construct the necessary water facility improvements within The Platinum Triangle. 12.3.2 Electrical Utilities Fees. OWNER will pay all fees in accordance' with the Electrical Utilities Rates, Rules and Regulations in effect at the time of application for service. 12.3.3 City Processin~ Fees. OWNER shall pay all standard City-wide processing fees for building permits, zoning review, and other similar fees associated with the Development of the Project which are in existence at the time of :approval of this Development Agreement at the rate in existence at the time said fees are normally required to be paid to CITY. 12.4 Platinum Trian~le Infrastructure and/ar Maintenance Assessment District. Prior to the first final building or zoning inspection, OWNER shall execute and record an unsubardinated covenant in a form approved by the City Attorney's Office wherein OWNER agrees not to contest the formation of any assessment district(s) which may be formed to finance Platinum Triangle infrastructure and/or maintenance, which district(s) could include the Property. The covenant shall not preclude OWNER from contesting (i) the determination of benefit of such improvements to the Property, (ii) the properties included in said district or area, (iii) the manner in which said fee is determined or (iv) the manner in which said improvement costs are spread. 12.5 Accountin~; of Funds. CITY will comply with applicable requirements of Government Code Section 65865 relating to accounting of funds. 12.6 Imposition of Increased Fees Taxes or Assessments. Except as expressly set forth or reserved in this Development Agreement, CITY shall not, without the prior written consent of OWNER, impose any additional fee, tax or assessment on the Project or any portion thereof as a condition to the implementation of the Project or any portion thereof, except such fees, taxes and assessments as are described in or required by this Development Agreement, including the Existing Land Use Regulations or the Development Approvals. The rates of such fees, taxes and assessments shall be_the rates 14 _ • ~ in existence at the time said fees; taxes and assessments are normally required to be paid 'to CITY. Nothing contained herein shall be construed to prohibit CITY from imposing fees, taxes or assessments on the Property, which are unrelated to the implementation of the project. Section 13. COVENANTS. CONDITIONS AND RESTRICTIONS. In'consideration for CITY entering into this Development'Agreement and other consideration set forth in this Agreement, OWNER agrees to record unsubordinated covenants, conditions and restrictions (CC&Rs) applicable to the Property in a form and content satisfactory to the Planning Director and the City Attorney incorporating the requirements and obligations set forth in Exhibit "E" to this Agreement, entitled the "Development Requirements and Maintenance Obligations. Section 14. NEXUS/REASONABLE RELATIONSHIl'; CHALLENGES. OWNER consents to, and waives any right it may have now or in the future to challenge the legal validity of the'conditions, requirements, policies ar programs required by existing land use regulations or this Agreement including, without limitation, any claim that they constitute an abuse of the police power, violate substantive due process; deny equal protection of the laws, effect a taking of property without payrnent of just compensation, or impose an unlawful tax. Section 15. TIMING OF DEVELOPMENT. Timing of Development shall be as set forth in the Final Site Plan. Section 16. EXISTING USES. CITY and OWNER agree that those existing legally established uses on the Property may be retained until the Project is implemented. When those existing uses are demolished, no credit for any such demolished square footage for which Interim Development Fees have not been paid will be given OWNER against Interim Development Fees due on a square footage basis as provided for in this Development Agreement. OWNER will pay the full Interim Development Fees for Permitted Buildings constructed pursuant to the Final Site Plan. Section 17. FLTTURE APPROVALS. 17.1 Basis for Denvin~or Conditionallv Granting Future Approvals. Before OWNER can begin grading on the Property or other development of the Property, OWNER must secure several additional permits and/or approvals from CITY. The parties agree that to the extent said Development Approvals are ministerial in nature, CITY shall not, through the enactment or enforcement of any subsequent ordinances, rules, regulations, initiatives, policies, requirements, guidelines, or other constraints, withhold such approvals as a means of blocking construction or of imposing conditions on the 15 . ~ Project which were not imposed d`uring an earlier approval period unless CITY has been _ ordered to do so by a court of competent jurisdiction. Notwithstanding the previous sentence, CITY and OWNER will use their best efforts to ensure each other that all applications for and approvals of grading ' permits, building permits or other developmental approvals necessary for OWNER to develop the Project in accordance with the Final Site Plan are sought and processed in a timely manner. 17.2 5tandard of Review. The rules, regulations and policies that apply to any additional Development Approvals which OWNER must secure prior to the Development of the Property shall be the Existing Land Use Regulations, as defined in this Development Agreement. _ 17:3 Future Amendments to Final Site Plan. Future amendments to all or a portion of the Fina1 Site Plan which increase the intensity or density of the'Development of the Property, or change the permitted uses of the Property, and are not among those described in Section 18.4 of this Development Agreement may subject the portion or portions of the Project being amended or affected by the amendment to any change in the CITY's ' GeneraI' Plan, zoning designations and rules applicable to' the Property and further environmental review and possible mitigation of adverse impacts under CEQA in effect at the time of such amendment. Any such amendment to the Final Site Plan shall be ` processed concurrently with the processing of an amendmenf to this Development Agreement. It is the desire and intent of both parties, except as set forth herein, that any such future amendment of the Final Site Plan will not alter, affect, impair ar otherwise impact the rights, duties and obligations of the parties under this Development Agreement with respect to the unamended portions of the Final Site Plan. Section 18. AMENDMENT. 18.1 Initiation of Amendment. Either party may propose an amendment to this Development Agreement. 18.2 Procedure. Except as set forth in Section 18.4 below, the procedure for proposing and adopting an amendment to this Development Agreement shall be the same as the procedure required for entering into this Development Agreement in the first instance. Such procedures are set forth in Sections 2, 3 and 5 of the Procedures Resolution. 18.3 Consent. Except as provided in Section 25 of this Development Agreement, any amendment to this Development Agreement shall require the consent of both parties. No amendment of this Development Agreement or any provision hereof shall be effective unless set forth in writing and signed by duly authorized representatives of each party hereta 18.4 Amendments. Subject to the foregoing provisions of this Section, the parties acknowledge that refinements and further development of the Project may demonstrate that changes are appropriate with respect to the details and performance of the parties 16 . • under this Development Agreement. The parties desire to'retain a certain degree of flexibility with respect to the details of the Development of the Project and with respect to those items covered in general terms under this Development Agreement. If and when the parties find that changes or adjustments are necessary ar; appropriate to further the intended purposes of this Development Agreement, they may, unless otherwise required by law, effectuate such changes or adjustments as specified in the Development Approvals. 18.5 'Effect of Amendment to Development Agreement. The parties agree that except as expressly set forth in any such amendment, an amendment to this Development Agreement will not alter, affect, impair, modify, waive or otherwise ' impact any other ` rights, duties or obligations of either party under this Development Agreement. Section 19. RESOLUTION OF INTENT AND USES FOR THE PROPERTY: 19.1 Non-Cancellation of Ri~Lhts. Subject to defeasance pursuant to Sections 25, 26 or 27 of this Development Agreement, the FinaT Site Plan and other Developmenf Approvals as provided for in this Development Agreement shall be final and the rights once granted thereby shall be vested in the Property upon recordation of this Development Agreement. Section 20. BENEFITS TO CITY. The direct and indirect benefits CITY (including, without limitation, tfie existing and future anticipated residents of CITI~ expects to receive pursuant to this Development Agreement include, but are not limited to, the following: The participation of OWNER in the accelerated, coordinated and more economical construction, funding and dedication to the public, as provided in this Development Agreement, of certain of the vitally needed on-site and area-wide public improvements and facilities, and assurances that the entire Project will be developed as set forth in the Final Site Plan and this Development Agreement in order to encourage development of The Platinum Triangle; and The considerations set forth in this Development Agreement, including Section 9. Section 21. BENEFITS TO OWNER. OWNER has expended and will continue to expend large amounts of time and money on the planning and infrastructure construction for the Project. OWNER asserts that OWNER would not make any additional expenditures, or the advanced expenditures required by this Development Agreement, without this Development Agreement and that any additional expenditures which OWNER makes after the Development Agreement Date will be made in reliance upon this Development Agreement. Without limiting the generality of the foregoing, this Development Agreement provides for the completion of public improvements and facilities prior to the time when they _would be justified 1~ i • economically in connection with the phasing of the Project, and of a size which would be justified onlyby the magnitude of the Project provided for by the Fina1 Site Plan and this Development Agreement. The benefit to OWNER under this Development Agreement ' consists of the assurance that OWNER will preserve the right to develop the Property as planned and as set forth in the Final Site'Plan and this Development Agreement. The parties acknowledge that the public benefits to be provided by OWNER to CITY pursuanf to this Development Agreement are in consideration for and reliance upon assurances that the Property can be developed in accordance with the Final Site Plan and this Development Agreement: Section 22. LTNDERTAKINGS AND ASSURANCES CONTEMPLATED AND PROMOTED BY DEVELOPMENT AGREEMENT STATUTE. The mutual undertakings and assurances described above and provided for in this Development Agreement are for the benefit of CITY and OWNER and promote the comprehensive planning, private and public cooperation and participation in the provision of public facilities, and the effective and efficient development of infrastructure and facilities supporting development which `was contemplated and promoted by the Development Agreement Statute. CITY agrees that it will not take any actions; which are intended to circumvent this Development Agreement; provided, however, that any action of the electorate shall not be deemed an action for purposes of this section. Section 23. RESERVED AUTHORITY. 23.1 State and Federal Laws and Re~ulations. In the event `that the State or Federal laws or regulations enacted after this Development Agreement has been entered into, prevent or preclude compliance with one or more provisions of the Development Agreement, such provisions of the Development Agreement shall be modified or suspended as may be necessary to comply with such State or Federal laws or regulations, provided, however, that this Development Agreement shall remain in full force and effect to the extent it is not inconsistent with such laws or regulations and to the extent such laws or regulations do not render such remaining provisions impractical to enforce. Notwithstanding the foregoing, CITY shall not adopt or undertake any rule, regulation or policy which is inconsistent with this Development Agreement until CITY makes a finding that such rule, regulation or policy is reasonably necessary to comply with such State and Federal laws or regulations. . 23.2. Buildin~Codes. This Development Agreement shall not prevent CITY from applying new rules, regulations and policies contained in model codes, including, but not limited to, the Anaheim Building Code as adopted in Title 15, Section 15.02 of the Anaheim Municipal Code. 23.3 Public Health and Safetv. This Development Agreement shall not prevent CITY from adopting new rules, regulations and policies, including amendments or modifications to model codes described in Section 23.2 of this Development Agreement which directlyxesult from findings by CITY that failure to adopt such rules, regulations ~s • • or policies would result in a condition injurious or detrimental to the public health and safety. Notwithstanding the foregoing, CITY shall not adopt any such rules,; regulations or policies 'which prevent or preclude compliance with one or more provisions of this Development Agreement until CITY makes a finding that such rules, regulations or policies are reasonably necessary to correct or avoid such injurious' or detrimental condition. Section 24. CANCELLATION. 24.1 Initiation of Cancellation. Either party may propose cancellation of this Development Agreement. , 24.2 Procedure. The procedure for proposing a cancellation of and canceling this bevelopment Agreement shall be the same as the procedure required for entering into this Development Agreement in the' first instance. Such' procedures are set forth in Sections 2, 3 and:5 of the Procedures Resolution and Section 65868 of the Government Code. ; 24.3 Consent of Both Parties. Any cancellation of this Development Agreement shall require the mutual consent of both parties. Section 25. PERIODIC REVIEW. 25.1 Time for Review. CITY shall, at least every twelve (12) months after the Development Agreement Date, review the extent of good faith compliance by OWNER ' with the terms of this Development Agreement. OWNER's failure to comply with the timing schedules set forth in the Final Site Plan shall constitute rebuttable evidence of OWNER's lack of good faith compliance with this Development Agreement. Such periodic review shall determine compliance with the terms of this Development Agreement pursuant to California Government Code Section 65865.1 and other successor laws and regulations. 25.2 OWNER's Submission. Each year, not less than forty-five (45) days nor more than sixty (60) days prior to the anniversary of the Development Agreement Date, OWNER shall submit evidence to the City Council of its good faith compliance with the terms and conditions of this Development Agreement. OWNER shall notify the City Council in writing that such evidence is being submitted to CITY pursuant to the requirements of Section 6.2 of the Procedures Resolution. OWNER shall pay to CITY a reasonable processing fee in an amount as CITY may reasonably establish from time to time on each occasion that OWNER submits its evidence for a periodic review. 25.3 Findin~s. Within forty-five (45) days after the submission of OWNER's evidence, the City Council shall determine; on the basis of substantial evidence, whether or not OWNER has, for the period under review, complied in good faith with the terms and conditions of this Development Agreement. If the City Council finds that OWNER has so complied, the review for that period shall be deemed concluded. If the City 19 • . Council finds and determines, on the basis of substantial evidence, that OWNER has not complied in good faith with the terms and conditions of this Development Agreement for the period under review, OWNER shall be given at least sixty (60) days to cure such non- compliance and if the actions required to cure such noncompliance take mare than sixty (60) days, then CITY shall give OWNER additional time provided that OWNER is making reasonable progress towards such end. If during the cure period, OWNER fails to cure such noncompliance or is not making reasonable good faith progress towards such end, then the City Council may, at its discretion, proceed to modify or terminate this Development Agreement or establish a time schedule for compliance in accordance with the procedures set forth in Section 27 of this Development'Agreement. 25.4 Initiation of Review b~v CounciL In addition to the periodic review set forth in this Development Agreement, the City Council may at any time initiate a review of this Development Agreement upon the giving of written notice thereof to OWNER. Within thirty (30) days following receipt of such notice, OWNER shall submit evidence to ' the City Council of OWNER's good faith compliance with this Development Agreement and such review and determination shall proceed in the manner as otherwise provided in this IDevelopment Agreement. Section 26. EVENTS OF DEFALJLT. ' 26.1 Defaults bv OWNER. Within forty-five (45) days after the submission of OWNER's evidence, the City Council shall determine on the basis of substantial evidence, whether or not OWNER has, for the period under review, complied in good - faith with the terms and conditions of this Development Agreement. If the City Council finds that OWNER has so complied, the review for that period shall be deemed concluded. If the City Council finds and determines, on the basis of substantial evidence, - that OWNER has not complied in good faith with the terms and conditions of this Development Agreement for the period under review, OWNER shall be given at least sixty (60) days to cure such non-compliance and if the actions required to cure such non- compliance take more than sixty (60) days, then CITY shall give OWNER additional time provided that OWNER is making reasonable progress towards such end. If during the cure period OWNER fails to cure such non-compliance or is not making reasonable progress towards such end, then the City Council may, at its discretion, proceed to modify or terminate this Development Agreement or establish a time schedule for compliance in accordance with the procedures set forth in Section 27 of this : Development Agreement. 26.2 Specific Performance Remedv. Due to the size, nature and scope of the Project, it will not be practical or possible to restore the Property to its pre-existing condition once implementation of this Development Agreement has begun. After such implementation, OWNER may be foreclosed from other choices it may have had to utilize the Property and provide for other benefits. OWNER has invested significant time and resources and performed extensive planning and processing of the Project in agreeing to the tertns of this Development Agreement and will be investing even more significant time in implementing the Project in reliance upon the terms of this Development Zo • ~ Agreement, and it is not possible to determine sum of the money which would adequately compensate OWNER for such efforts: For `the above reasons, CITY and OWNER agree that damages would not be an adequate remedy if CITY fails to carry out its obligations under this Development Agreement. Therefore, specific performance of this Development Agreement is the only remedy which would compensate OWNER if CITY fails to carry out its obligations under this Development Agreement, and CITY hereby agrees that OWNER shall be entitled to specific performance in the event of a default by CITY hereunder. CITY and OWNER acknowledge that, if OWNER fails to carry out its obligations under this Development Agreement, CITY shall have the right to refuse to issue any permits or other approvals; which OWNER would otherwise have been entitled to pursuant to this Development Agreement. If CITY issues a permit or other approval pursuant to this Development Agreement in reliance upon a specified condition being satisfied by OWNER in the future, and if OWNER then fails to satisfy such condition; CITY shall be entitled to specific performance far the sole purpose of causing OWNER to satisfy such condition. The;CITY's right to specific performance shall be limited to those circumstances set forth above; and CITY shall have no right to seek specific ' performance to cause OWNER to otherwise proceed with the Development of the Project in any manner. 26.3 Liquidated Dama~es Remedv. The parties hereto agree that this Development Agreement creates an obligation and duty upon'OWNER to undertake and complete development of the Project within the time and manner specified herein. In the event OWNER breaches this Development Agreement by failing to undertake and complete development of the Project within the time and manner specif ed herein, the parties further agree that CITY will suffer actual damages as a result thereof, the amount of which is uncertain and would be impractical or extremely difficult to fix; therefore, OWNER agrees to pay CITY, in the event of any such breach by OWNER, the sum of One Hundred Thousand Dollars ($100,000.00) as liquidated and actual damages which sum shall be in addition to any other fees and charges owing to CITY by OWNER together with a penalty thereon in the maximum amount allowed by Section 54348 of the ' California Government Code; and which sum shall be in addition to any other remedies available to CITY as a result of such breach pursuant to this Section 26. Section 27. MODIFICATION OR TERMINATION. If pursuant to Section 26.1 of this Development Agreement, CITY elects to modify or terminate this Development Agreement or establish a revised time schedule for compliance as herein provided, then CITY shall proceed as set forth in this Section. 27.1 Notice to OWNER. CITY shall give notice to OWNER of City Council's intention to proceed to modify or terminate this Development Agreement or establish a time schedule for compliance within ten (10) days of making the CITY's findings. 27.2 Public Hearin~. The City Council shall set and give notice of a public hearing on modification, termination or a time schedule for compliance to be held within forty-days after the City Council gives notice to OWNER. 21 ~ • 27.3 Decision. The City Council shall announce its findings and decisions on whether this Development Agreement is to be terminated, how this Development Agreement is to be modified or the provisions of the `Development Agreement with which OWNER must comply and a time schedule therefore nof than ten (10) days following`completion of the public hearing., 27.4 Implementation. Modifying or terminating this Development Agreement shall be accomplished by CITY enacting an ordinance. The ordinance shall recite the reasons which, in the opinion of the CITY, make the modification or termination of this Development Agreement necessary. Not later then ten (10) days following the adoption of the ordinance, one copy thereof shall be forwarded to OWNER. This Development Agreement shall be terminated or this Development Agreement as modified shall become effective on the effective date of the ordinance terminating or modifying this Development Agreement. 27.5 Schedule for Compliance. Setting a reasonable time schedule for compliance with this Development Agreement may be accomplished by CITY enacting a resolution. The resolution shall recite the reasons, which, in the opinion of CITY, make it advisable to set a schedule for compliance and why the time schedule is reasonable. Not later than ten (10) days following adoption of the resolution, one copy thereof shall be forwaxded to OWNER. Compliance with any time schedule so established as an alternative to modification ar termination shall be subject to periodic review as provided in this Development Agreement and lack of good faith compliance by OWNER with the time schedule shall be basis for termination or modification of this Development Agreement. Section 28. ASSIGNMENT. 28.1 Right to Assi~n. OWNER shall have the right to sell, mortgage, hypothecate, assign or transfer this Development Agreement, and any and all of its rights, duties and obligations hereunder, to any person, partnership, joint venture, firm or corporation at any , time during the term of this Development Agreement, provided that any such sale, mortgage, hypothecation, assignment or transfer must be pursuant to a sale, assignment or other transfer of the interest of OWNER in the Property, or a portion thereof. In the event of any such sale, mortgage, hypothecation, assignment or transfer, (a) OWNER shall notify CITY of such event and the name of the transferee, together with the corresponding entitlements being transferred to such transferee and (b) the agreement between OWNER and such transferee shall provide that either OWNER or the transferee or both shall be liable for the performance of all obligations of OWNER pursuant to this Development Agreement and the Development Approvals. Such transferee and/or OWNER shall notify CITY in writing which entity shall be liable for the performance of such obligations, and upon the express written assumption of any'or all of the obligations of OWNER under this Development Agreement by such assignee, transferee or purchaser shall, without any act of or concurrence by CITY, relieve OWNER of its legal duty to perform said obligations under this Development Agreement with respect to the Property or portion thereof, so transferred, except to the extent OWNER is not in default under the terms of this Development Agreement. 22 • i 28.2 Release Upon Transfer. It is understood and agreed by the parties that the - Property may be subdivided following the Development Agreement Date. One or more of such subdivided parcels may be sold; mortgaged, hypothecated, assigned or transferred to persons for development by them in accordance' with the provisions of this Development _ Agreement. Effective upon such sale, mortgage, hypothecation, assignment or transfer, the obligations of OWNER shall become several and not joint, except as to OWNER's obligations set forth in Section 10 of this Development Agreement. Upon the sale, transfer, or assignment of OWNER's rights and interests under this Development ' Agreement as permitted pursuant to the Section 28.1 above, OWNER shall be released from its obligations under this Development Agreement with respect to the Property, or portion thereof so transferred, provided that (a) OWNER is not then in default under this Development Agreement, (b) OWNER has provided to CITY the notice of such transfer specified in Section 28.1 above, (c) the transferee executes and delivers to CITY a written agreement in which (i) the name and address of the transferee is set forth and (ii) the transferee expressly and unconditionally assumes all the obligations of OWNER under this Development Agreement and the Development Approvals with respect to the property, or portion thereof, so transferred and (d) the transferee provides CITY with security equivalent to any security provided by OWNER to secure ' performance of its ' obligations under this Development Agreement or the Development Approvals. Non- compliance by any such transferee with the terms and conditions of this Development Agreement shall not be deemed a default hereunder or grounds for termination hereof or constitute cause for CITY to initiate enforcement action against other persons then owning or holding interest in the Property or any portion thereof and not themselves in default hereunder. Upon completion of any phase of development of the ;Project as determined by CITY, CITY may release that completed phase from any further obligations under this Development Agreement. The provisions of this Section shall be self-executing and shall not require the execution or recordation of any further document or instrument. Any and all successors, assigns and transferees of OWNER shall have all of the same rights, benefits and obligations of OWNER as used in this Development Agreement and the term "OWNER" as used in this Development Agreement shall refer to any such successors, assigns and transferees unless expressly provided herein to the contrary. Section 29. NO CONFLICTING ENACTMENTS. By entering into this Development Agreement and relying thereupon, OWNER is obtaining vested rights to proceed with the Project in accordance with the terms and conditions of this Development Agreement, and in accordance with, and to the extent of, the Development Approvals. By entering into this Development Agreement and relying thereupon, CITY is securing certain public benefits which enhance the public health, safety and general welfare. CITY therefore agrees that except as provided in Section 23 of this Development Agreement, neither the City Council nor any other agency of CITY shall enact a rule, regulation, ordinance or other measure which relates to the rate, timing or sequencing of the Development or construction of all or any part of the Project and which is inconsistent or in conflict with this Development Agreement. 23 ~ • Section 30. GENERAL. 30.1 Force Majeure.' The Term of this Development Agreement and the time within which OWNER shall be required to perform any act under this Development Agreement shall be extended by': a period of time equal to the number of days. during which performance of such act is delayed unavoidably by strikes; lock-outs, Acts of God, failure or inability to secure materials or labor by reason of priority or similar regulations or order of any governmental or regulatory body, initiative or 'referenda, moratoria, enemy action, civil disturbances, fire, unavoidable casualties, or any other cause beyond the reasonable control of OWNER. - 30.2 Construction of Development A rg eement. The language in all parts of this ' Development Agreement shall in all cases, be construed as a whole and in accordance with' its fair meaning. The captions of the paragraphs and subparagraphs of this Development Agreement are for convenience only and shall not be considered or referred ' to in xesolving questions of constructions. This Development Agreement shall be .' governed by the laws of the State of California. The parties understand and agree that this Development Agreement is not intended to constitute, nor shall be construed to constitute, an impermissible attempt to contract away the legislative and governmental functions of CITY, and in particular, the CITY's police powers. In this regard, the parties understand and agree that this Development Agreement shall not be deemed to constitute the surrender or abnegation of the CITY's governmental powers over the Property. 30.3 Severabilitv. If any provision of this Development Agreement "shall be ' adjudged to be invalid, void or unenforceable, such provision shall in no way affect, impair or invalidate any other provision hereof, unless such judgment affects a material part of this Development Agreement, the parties hereby agree that they would have entered into the remaining portions of this Development Agreement not adjudged to be invalid, void or illegal. In the event that all or any portion of this Development Agreement is found to be unenforceable, this Development Agreement or that portion which is found to be unenforceable shall be deemed to be a statement of intention by the parties; and the parties further agree that in such event they shall take all steps necessary to comply with such public hearings andlor notice requirements as may be necessary in order to make valid this Development Agreement or that portion which is found to be unenforceable. Notwithstanding any other provisions of this Development Agreement, in the event that any material provision of this Development Agreement is found to be unenforceable, void or voidable, OWNER or CITY may terminate this Development Agreement in accordance with the provisions of the Development Agreement Statute and the Procedures Resolution. 30.4 Cumulative Remedies. In addition to any other rights or remedies, either party may institute legal action to cure, correct or remedy any default, to enforce any covenant or agreement herein, or to enjoin any threatened or attempted violation, including suits for declaratory relief, specific performance, relief in the nature of mandamus and actions for damages. All of the remedies described above shall be 24 . _ • . . cumulative and not exclusive of one another; and the exercise of any one or more of the remedies shall not constitute a waiver or election with respect to any other available remedy. 30.5 Hold Harmless Agreement. OWNER and CITY hereby mutually agree to, and shall hold each other, each other's elective and appointive councils, boards, commissions, officers, partners, agents, representatives and employees harmless from any liability for damage or claims for damage for personal injury, including death, and from claims for property damage which may arise from the activities of the other's or the other's contractors ; subcontractors ; agents', or employees' which relate to the Project whether such activities be by OWNER or CITY, or by any of the OWNER's ar the CITY's contractors, subcontractors, or by any one or more persons indirectly employed by, or acting as agent for OWNER any of the OWNER's or the CITY's contractors or subcontractors. OWNER and CITY agree to and shall defend the other and the other's elective and appointive councils, boards, commissioners, officers, partners, agents, representatives and employees from any suits or actions at law or in equity far damage caused or alleged to have been caused by reason of the aforementioned activities which relate to the Project. 30.6 Cooperation in the Event of Le~al Challen~e. In the event of any legal action instituted by a third party or other governmental entity or official challenging the validity of any provision of this Development Agreement and/or the Development Approvals, the parties hereby agree to cooperate fully with each other in defending said action and the validity of each provision of this Development Agreement, however, OWNER shall be liable for all legal expenses and costs incurred in defending any such action. OWNER shall be entitled to choose legal counsel to defend against any such 1ega1 action and shall pay any attorneys' fees awarded against CITY or OWNER, or both, resulting from any suchlegal action. OWNER shall be entitled to any award of attorneys' fees arising out of any such legal action. 30.7 Public A~encv Coordination. CITY and OWNER shall cooperate and use their respective best efforts in coordinating the implementation of the Development Approvals with other public agencies, if any, having jurisdiction over the Property or the Proj ect. 30.8 Initiative Measures. Both CITY and OWNER intend that this Development Agreement is a legally binding contract which will supersede any initiative, measure, moratorium, referendum, statute, ordinance or other limitation (whether relating to the rate, timing or sequencing of the Development or construction of all or any part of the Project and whether enacted by initiative ar otherwise) affecting parcel or subdivision maps (whether tentative, vesting tentative or final), building permits, occupancy certificates or other entitlements to use approved, issued or granted within the CITY, or portions of the CITY, shall apply to the Project to the extent such initiative, measure, moratorium, referendum, statute, ordinance or other limitation is inconsistent or in conflict with this Development Agreement. Should an initiative, measure, moratorium, referendum, statute, ordinance, or other limitation be enacted by the citizens of CITY 25' • ! which would preclude construction ofall or any part of the Project, and to the extent such initiative, measure, moratorium, referendum, `statute, ordinance or other limitation be determined by a court of competent jurisdiction to `invalidate or prevail over all or any part of this Development Agreement, OWNER shall have no recourse against CITY pursuanf to the Development Agreement, ' but shall retain all other rights, claims and causes of action under this Development Agreement not so invalidated and any and a11 _ other rights, claims and oauses of action as law or in equity which OWNER may have independent of this Development Agreement with respect to the project. The foregoing shall not be deemed to limit OWNER's right to appeal any such determination that such initiative, measure, referendum, statute, ordinance or other limitation invalidates or prevails over all or any part of this Development Agreement: CITY agrees to cooperate with OWNER in all reasonable manners in order to keep;this Development Agreement in ' full force and effect, provided OWNER shall reimburse CITY for its out-of-pocket expenses incurred directly in connection with such cooperation and CITY shall not be obligated to institute a lawsuit or other court proceedings in this connection. 30.9 Attornevs' Fees. In the event of any dispute between the parties involving the covenants or conditions contained in this Development Agreement, the prevailing party shall be entitled to recover reasonable expenses, attorneys' fees and costs. 30.10 No Waiver. No delay or omission by either party in exercising any right or power accruing upon non-compliance or failure to perform by the other party under any of the provisions 'of this Development Agreement shall impair any such right or power or be construed to be a waiver thereof. A waiver by either party of any of the covenants or _ conditions to be performed by the other party shall not be construed as a waiver of any succeeding breach of nonperformance of the same or other covenants and conditions : hereof. 30.11 Authority to Execute. The person executing this Development Agreement on behalf of OWNER warrants and represents that he/she has the authority to execute this Development Agreement on behalf of lus/her partnership and represents that he/she has the authority to bind OWNER to the performance of OWNER's obligations hereunder. 30.12 Notice. 30.12.1 Notice To OWNER. Any notice required or permitted to be given by CITY to OWNER under or pursuant to this Development Agreement shall be deemed sufficiently given if in writing and delivered personally to an officer of OWNER or mailed with postage thereon fully prepaid, registered or certified mail, return receipt requested, addressee; to OWNER as follows: CREA/Nexus Anaheim Corners, LLC. 9381 Judicial Drive, Suite 100 San Diego, CA 92121 Attention: Eric Heffner 26 ~ • : or such changed address as OWNER shall designate in writing to CITY. 30.12.2 Notice To CITY. Any notice required ar permitted to be given to GITY under or pursuant to this Development Agreement shall be made and given in writing, if by mail addressed to: City Council City of Anaheim c/o City Clerk _ P.O. Box 3222 Anaheim, California 92803 ' or such changed address as CITY shall designate in writing to OWNER: : With copies to: City Manager City of Anaheim P.O. Box 3222 ' Anaheim, California 92803 , City Attorney _ City of Anaheim P.O. Box 3222 Anaheim, California 92803 and if personally delivered to the City Clerk, at the Anaheim Civic Center, 200 S. " Anaheim. Blvd., Anaheim, California, together with copies marked for the City Manager and the City Attorney or, if so addressed and mailed, with postage thereon fully prepaid, registered or certified mail, return receipt requested, to the City Council in care of the City Clerk at the above address with copies likewise so mailed to the City Manager and the City Attorney, respectively and also in care of the City Clerk at the same address. The provisions of this Section shall be deemed permissive only and shall not detract from the validity of any notice given in a manner, which would be legally effective in the absence of this Section. - 30.13 Captions. The captions of the paragraphs and subparagraphs of this Development Agreement are for convenience and reference only and shall in no way define, explain, modify, construe, limit, amplify or aid in the interpretation, construction or meaning of any of the provisions of this Development Agreement. 30.14 Consent. Any consent required by the parries in carrying out the terms of this Development agreement shall not unreasonably be withheld. 30.15 Further Actions and Instruments. Each of the parties shall cooperate with and provide reasonable to the other to the extent contemplated hereunder in the performance of all obligations under this Development Agreement and the satisfaction of the conditions of this Development Agreement. Upon the request of either party at any time, the other party shall promptly execute, with acknowledgment or affidavit if reasonably required, and file or record such required instruments and writings and take 27 . • any actions as may be reasonably necessary under `the terms of this I7evelopment Agreement to carry out the intent and to fulfill the provisions of this Development Agreement or to evidence or consummate the transactions contemplated by this Development Agreement. 30.16 SubseQUent Amendment to Authorizin~ Statute. This Development Agreement has been entered into in reliance upon: the provisions of the Development Agreement Statute in effect as of the Development Agreement Date. Accordingly, subject to Section 23.1 above, to the extent that subsequent amendments to the; Governmenf Code , would affect the provisions of this Development Agreement, such amendments shall not be applicable to this Development Agreement unless necessary for this Development Agreement to be enforceable or unless this Development Agreement is modified pursuant to the provisions set forth in this Development Agreement and Government Code Section 65868 as in effect on the Development Agreement Date. 30.17 Governing Law. This Development Agreement, including, without , limitation, its existence, validity, construction and operation, and the rights of each of the parties shall be determined in accordance with the laws of the State of California. 30.18 Effect on Title. OWNER and CITY agree that this Development Agreement ' shall not continue as an encumbrance against any portion of the Property as to which this Development Agreement has terminated. 30.19 Mortgagee Protection. Entering into or a breach of this Development Agreement shall not defeat, render invalid, diminish, or impair the lien of Mortgagees having a mortgage on any portion of the Property made in good faith and for value, unless otherwise required by law. No Mortgagee shall have an obligation or duty under this Development Agreement to perform OWNER's obligations, or to guarantee such performance prior to any foreclosure or deed in lieu thereof. 30.20 Notice of Default to Mort~a~ee, Ri~ht of Mort~agee to Cure. If the City Clerk timely receives notice from a Mortgagee requesting a copy of any notice of default given to OWNER under the terms of this Development Agreement, CITY shall provide a copy of that notice to the Mortgagee within ten (10) days of sending the notice of default to OWNER. The Mortgagee shall have the right, but not the obligation, for a period up to ninety (90) days after the receipt of such notice from CITY to cure or remedy, or to commence to cure or remedy the default unless a further extension of time to cure is granted in writing by CITY. If the default is of a nature which can only be remedied or cured by such Mortgagee upon obtaining possession, such Mortgagee shall seek to obtain possession with diligence and continually through foreclosure, a receiver or otherwise, and shall thereafter remedy or cure the default or non-compliance within thirty (30) days after obtaining possession. If any such default or non-compliance cannot, with diligence, be remedied or cured within such thirty (30) day period, then such Mortgagee shall have such additional time as may be reasonably necessary to remedy or cure such default or non-compliance if such Mortgagee commences cure during such thirty (30) day period, and thereafter diligently pursues and completes such cure. 2s • • 30.21 Bankruptcv. Notwithstanding the foregoing provisions of Section 30.20 of this Development Agreement, if any Mortgagee is prohibited from commencing or pursues 'and prosecuting foreclosure or other appropriate proceedings in the nature thereof by any process or injunction issued by any court or by reason of any action by any court having jurisdicfion of any bankruptcy or insolvency proceeding involving ' CITY, the times specified in this Section for commencing or prosecuting foreclosure or other proceedings shall be extended for the period of the prohibition. 30.22 Disaffirmance. 30.22.1 CITY agrees that in the event of termination of this Agreement by reason of any default by CITY, or by reason of the disaffirmance hereof by a receiver,liquidator or: trustee for OWNER or its property, CITY, if requested by any Mortgagee, shall enter into a new Development Agreement for the Project with the most aenior Mortgagee requesting such new agreement, for the remainder of the Term, effective as of the date of such ;termination, upon the terms, provisions, covenants and agreements as herein contained to the extent and subject to the law then in effect, and subject to the rights, if any, of any parties then in possession of any part of the Property, provided: ' 30.22.2 The Mortgagee shall make written request upon CITY for the new Development Agreement for the Project within thirty (30) days after the date of termination; 30.22.3 The Mortgagee shall pay to CITY at the time of the execution and delivery of the new Development Agreement for the Project expenses, including reasonable attorneys' fees, to which CITY shall have been subjected by reason of OWNER's default; and 30.22.4 The Mortgagee shall perform and observe all covenants herein contained on OWNER's part to be performed, and shall further remedy any other conditions which OWNER under the terminated agreement was obligated to perform under its terms, to the extent the same are curable or may be performed by the Mortgagee. 30.22.5 Nothing herein contained shall require any Mortgagee to enter into a new agreement pursuant to Section 30.22.1 above, nor to cure any default of OWNER referred to above. 30.23 No Third Party Beneficiaries. This Development Agreement and all provisions hereof is made and entered into for the sole protection and benefit of CITY, OWNER and their successors and assigns. No other person shall have right of action based upon any provision in this Development Agreement. 30.24 Project as a Private Undertakin~. It is specifically understood and agreed by and between the parties hereto that the Project is a private development, that neither party is acting as the agent of the other in any respect hereunder, and that each party is an _ : 29 • ~ independent contracting entity with respect to the terms, 'covenants and conditions contained in this Development Agreement. No partnership, join venture or other association of any kind is formed by this Development Agreement. The only relationship between CITY and OWNER is that of a government entity regulating the development of private property and the owner of such private property. 30.25 Restrictions. Property OWNER shall place in any agreements to sell or convey any interest in the Property or any portion thereof, provisions making the terms of this Development Agreement binding on any successors in interest of OWNER and express provision for OWNER or CITY, acting separately or jointly, to enforce the provisions of this Development Agreement and to recover attorneys' fees and costs for such enforcement.' 30.26 Recitals. The recitals in this Development Agreement constitute part of this Development Agreement and each party shall be entitled to rely on the truth and accuracy of each recital as an inducement to enter into this Development Agreement. 30.27 Recordin~. The City Clerk shall cause a copy of this Development Agreement to be executed by CITY and recorded in the Official Records of Orange County no later than ten (10) days after CITY approves this Development Agreement. 30.28 Title Report. CITY is required to sign this Development Agreement only after OWNER has provided CITY with a satisfactory preliminary title report evidencing and showing OWNER's legal and equitable ownership interest in the Property, current within six (6) months, unencumbered except for the exceptions (hereinafter the "Permitted Exceptions") set in the preliminary title report for the Property dated October 25, 2004, attached hereto as Exhibit "F" (the "Preliminary Title Report"). Any instrument of monetary encumbrance such as a deed of trust or a mortgage entered into subsequent to the date of the Preliminary Title Report and prior to the Development Agreement Date shall contain language expressly subordinating such instruments of monetary encumbrance to the provisions of this Developrnent Agreement. OWNER shall present evidence, satisfactory to CITY, of OWNER's legal title to Property, subject only to the Permitted Exceptions and any such subordinated instruments of monetary encumbrance, at the time of recordation of this Agreement, or a memorandum thereof. 30.29 Entire A~reement. This Development Agreement, constitutes the entire agreement between the parties with respect to the subject matter of this Development Agreement, and this Development Agreement supersedes all previous negotiations, discussions and agreements between the parties, and no evidence of any prior or other agreement shall be permitted to contradict or vary the terms hereof. 30.30 Successors and Assi~ns. The burdens of the Development Agreement shall be binding upon, and the benefits of the Development Agreement inure to all successors in interest and assigns of the parties to the Development Agreement. 30.31 OWNER's Title of Propertv. Neither party hereto shall be bound by any provision of this Agreement unless and until OWNER shall record this Development 30 ' ~ • Agreement or a memorandum thereof, in the office of the County Recorder of the County sufficient to cause this Agreement and the obligations contained herein to attach to and encumber OWNER's fee title to Property. 30.32 Exhibits. All exhibits, including attachments thereto, are incorporated in this Development Agreement in their entirety by this reference. IN WITNESS WHEREOF; CITY and OWNER,have executed this Development Agreement as of the date and year first above written. "CITY" «OWNER" CREA/Nexus Anaheim Corners, LLC CITY OF ANAHEIM, a a Delaware limited liability company municipal corporation By: Stadium Lofts, LLC By: A Galifornia limited liability company , Mayor Its Manager By: Nexus Properties, Inc. ATTEST: A California corporation Its Manager By: SHERYLL SCHROEDER Name: City Clerk Title: APPROVED AS TO FORM: JACK L. WHITE, City Attorney 54141.2/smann.l0/26/04/lgm ~ ~ STATE OF CALIRORNIA ) )ss: COUNTY OF ORANGE ) On this day of , 2004, be undersigned, a Notary Public for the State of California duly commissioned and sworn, personally appeared personally known to me or proved to me on the basis of satisfactory evidence, to be the person who executed the within instrument as Mayor of the City of Anaheim, the municipal corporation executing the within instrument, and acknowledged to me that the corporation executed it. WITNESS my hand and official seaL [SEAL] STATE OF ) )ss. COUNTY OF ) On , 2004, before me, the undersigned, a Notary Public in and : for said State, personally appeared personally known to me or proved to me on the basis of satisfactory evidence to be the person who executed the within instrument as on behalf of , the corporation therein named that executed the within instrument, and acknowledged to me that such corporation executed the same. WITNESS my hand and official seaL [SEAL] STATE OF CALIFORNIA ) )ss. COUNTY OF ORANGE ) ~ ~ On this day of , 2004, BEFORE ME, THE Undersigned, A Notary Public for the State of California, duly, commissioned and sworn, personally appeared SHERYLL SCHROEDER, personally known to me or proved to me on the basis of satisfactory evidence, to be the person who executed the within instrument as City Clerk of the City of Anaheim, the municipal corporation executing the within instnunent, and acknowledged to me that the corporation executed it. WITNESS my hand and official seal. ' Notary Public a • EXHIBIT ~~A~~ LEGAL DESCRIPTION OF THE PROPERTY PARCEL A: PARCEL 1 OF PARCELMAP NO. 85-214, AS'SHOWN ON A MAP FILED 1N BOOK 208, PAGES 11 AND 12 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDEROF ORANGE COUNTY, CALIFORNIA. PARCEL B: PARCEL 2 OF PARCEL MAP NO. 85-214, AS SHOWN ON A MAP FILED 1N BOOK 208, PAGES 11 AND 12 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA. PARCEL C: PARCEL 1 AS SHOWN ON A MAP IN BOOK 57, PAGE 1 OF PARCEL MAPS, RECORDS OF SAID ORANGE COUNTY. SUPPLEMENTAL PARCEL: PARCEL 1, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON LOT LINE ADJUSTMENT NO. 0000580, RECORDED , 2004 AND INSTRLTMENT NO. 2004- ,' OF OFFICIAL RECORDS. • • EXHIBIT «B» FINAL SITE PLAN (FSP 2004-00005) The Platinum Triangle Mixed Use (PTMU) Overlay Zone (Chapter 18.20 of the Anaheim Municipal Code) requires an approved Final Site Plan and a Development Agreement between the property owner and the City of Anaheim far all development that implements the PTMU Overlay Zone in the Katella, Gene Autry and Gateway Districts, except as otherwise exempt under the Code. A Final Site Plan Application including Site Plans, Floor Plans, Elevations, Landscape P1ans and Sign Plans, as well as other information determined by the Planning Director, is required to be submitted to the Planning Department for review and approval by the Planning Director as to conformance with the provisions of the PTMU Overlay Zone and The Platinum Triangle Master Land Use Plan. Said Plans are then attached as an exhibit'to the Development Agreement. The Agreement is submitted to the Planning Commission and City Council for review at a noticed public hearing. The project applicant (CREA/Nexus Anaheim Corners,' LLC) submitted an application for Final Site Plan No. 2004-00005 to the Planning Department to provide for the development of the Stadium Lofts - Anaheim project (a high-density urban mixed-use ' center with 390 condominiums dwelling units located above 2,820 square feet of retail use, 7,839 square feet of restaurant use, and 6,297 square feet of clubhouse and leasing office surrounding a 5-level parking structure) in the PTIVILJ Overlay Zone, Katella District. The project site encompasses approximately 6.3 acres at the northwest corner of Katella Avenue and State College Boulevard and is currently undergoing the demolition of two restaurants and offices. . The applicant also submitted a request for a Conditional Use Permit (CUP No. 2004-04906) for the proposed Stadium Lofts - Anaheim project to modify required setbacks and to permit sales of alcoholic beverages for on-premises - consumption in the proposed 7,839 square foot restaurant with waivers of minimum dimension and area of patios/balconies and required building treatment 'adjacent to streets. With the exception of the items and Code waivers requested pursuant to the Conditional Use Permit application under the purview of the Planning Commission and City Council, the Planning Director determined that the Final Site Plan application is in conformance with the provisions of the PTMLT Overlay Zone and The Platinum Triangle Master Land Use Plan and approved the Final Site Plan. As required by the PTMU Overlay Zone, the Conditional Use Permit was considered in connection with the Development Agreement. Both applications were duly considered by the Planning Commission and City Council and approved by the City Council on November 16, 2004. Copies of the Site Plans, Floor Plans, Elevations, Landscape Plans, Sign Plans and the Phasing Plan are attached hereto. Copies of the supplemental information required to determine conformance with the PTMTJ Overlay Zone and The Platinum Triangle Master Land Use Plan and the Planning Director's approval of the Final Site Plan are on file in the Planning Department and incorporated herein by this reference. • • EXHIBIT "D-1" ELECTRIC UTILITIES UNDERGROUNDING FEE Residential Uses: $11.42 per unit 390 units x $11.42 = $4,453.80 The Anaheim Master Land Use Plan and the Underground Conversion Program envision that the public utilities along Katella Avenue, between the; State College Boulevard and Anaheim Way will need to be undergrounded. The City-owned facilities will `be undergrounded using City funds, pursuant to the Rule No. 20 of the City of Anaheim Rates, Rules & Regulations. : Some of the facilities along Katella Avenue are owned by Southern California Edison (SCE). Moneys available to underground City-owned facilities may not be used to underground SCE facilities. The interim fee will collect the funds necessary to underground the SCE lines, and thereby significantly improve the appearance of The Platinum Triangle. ' The cost to underground the SCE lines is estimated at $104, 775. These funds will be collected by imposing an interim fee on the Mixed-used residential units planned in The Platinum Triangle. The formula for calculating the fee is the following: Cost to Under~round SCE lines = Per-Unit Fee Number of mixed-use residential units The Per-Unit fee is calculated at: 104 775 = $11.42 per Unit 9,175 Units ~ • _ EXHIBIT "D-2" FIRE FACILITIES FEE Residential Uses: $350.00 per unit : Commercial/Office Uses: $ 0'.20 per square foot 390 units x $350 = $136,500.00 16,956 sf : x $0.20 = $ 3,391.20 The purpose of establishing a Fire Protection Fee is to finance improvements and additions to facilities and equipment to support fire protection and paramedic services made necessary by new development and expansion of and additions to ' existing development within The Platinum Triangle. Development will generate additional need for protection and paramedic services in The Platinum Triangle. There is a need in The Platinum Triangle for expansion of fire protection and paramedic services and for new and expanded development to contribute its fair share towards the costs of additional and improved facilities and equipment. There is a'reasonable relationship between the need far the described fire protection and paramedic facilities and equipment and the impacts of the types of development proposed for The Platinum Triangle, for which the corresponding Fire Protection Fee described above is charged. There is also a reasonable relationship between the use of the fee and the type of development for which the fee is charged, in that these fire protection and paramedic facilities and equipment provide support for fire protection and paramedic services and accommodate additional demand generated by development. The cost estimates set forth below are reasonable cost estimates for adding to fire protection and paramedic facilities and equipment in The Platinum Triangle. The Fire Protection Fees collected pursuant to this agreement shall be used to finance only the additional facilities described, which additional facilities are needed to augment existing fire protection and paramedic facilities and equipment serving The Platinum Triangle, to offset the impacts of new development and expansion of and additions to existing development within The Platinum Triangle. FIRE FACILITIES AND EQUIl'MENT Fire truck company with equipment $1,000,000 Fire engine company with equipment $ 750,000 Fire station $3,500,000 TOTAL $5,250,000 39 ~ ~ : EXHIBIT "D-3" GENERAL PLAN AND ENVIRONMENTAL PROCESSING FEE Residential Uses: $8.00 per unit CommerciaUOffice Uses: $OA1 per square foot 390 UNITS x $8.00 = $3,120.00 16,956 sf x $0.01 = $169.56 The General Plan and Environmental Processing Fee is based on the following: Intent: Recover partial costs incurred to develop the Mixed-Use Overlay designation for the Platinum Triangle, including the preparation of the Environmental Impact Report Contract Costs Incurred: $146,000 New Development Allowed in Platinum Triangle: 7,044,300`sq.ft. ofnon-residential uses 9,175 residential units (assume average unit size of 800 sq.ft. = 7,340,000 sq.ft.) 7,044,300 + 7,340,000 14,384,300 total square feet $146,000/14,384,300 = $.Ol per square foot 7,340,000 x $.01= $73,400 $73,400/9175 = $8 per dwelling unit Planning Entitlement Fee ~ • EXHIBIT "D-4" LIBR.ARY FEES Residential Uses; $144.39 per unit 390 units x $144:39 = ' $56,312.10 The amount of the Library fee is based upon the current fee structure for East Sanfa Ana Canyon residential development for single family residential uses. The 2004 fee for such residential uses is $317.67, based upon an estimated 3.3 persons per dwelling. Using an estimate of 1.5 persons per unit in The Platinum Triangle, the proposed interim developer fee for The Platinum Triangle is $144.39 per unit. ' 41 • ~ - EXHIBIT "D-5" PLATINUM TRIANGLE PARK FEES Residential Uses: $7055.74 per unit 390 units x $7,055.74 = $2,751,738.60 Park fees are established by implementing various values identified for The Platinum Triangle into the Park Dedication fee formula, as established by Anaheim Municipal Code, Chapters 17.08 and 17.34, Which is as follows: ~Land Acquisition Costs + Land Development Costs) x 2 x DU density proposed =fee ' 1,000 ' Land ; acquisition costs are estimated by Keyser-Marsten to be $50/sq. ft. of ' property purchased (for industrial properties, including goodwill and relocation costs*). This equals $2,178,000/aa ' Land Development costs have been established by the ~City Council at $173,913.33/ac.** City Park Acreage Standard of 2 acres/1,000 population was incorporated in the formula set forth in Chapters 17.08 and 17.34, as approved by City CounciL Estimated dwelling unit density of 1.5 persons/unit for both the single family attached and condominium complexes as estimated in Final Environmental Impact Report, No. 330, Table 4.3-1, for the City of Anaheim's General Plan and Zoning Code Update. Using the above figures the park fee is $7,055.74 per unit. ~$2,178,000 +$173,913.331 x 2 x 1.5 =$7,055.74 per unit 1,000 ' Parkland dedication will be required for each 8 acre or larger parcel proposed for residential development. The City's Platinum Triangle consultant, EDAW, has recommended that each dwelling unit for parcels of 8 acres or larger dedicate 44 sq. ft. of public parkland per each dwelling unit proposed.*** The value of the parkland dedication will be credited against overall park in lieu fees paid for the project. Consistent with existing zoning and policies, no credit will be given for improvements. As an example, if a subdivision were required to dedicate a.5 acre park, credit would be given against the Land Acquisition value, established above, of $2,178,000 per acre. Accordingly the Developer would be entitled to a credit of $1,089,000 for the dedication. 42 ~ . Notes: *Memorandum by Keyser-Marsten dated December 29, '2004 and updated January 15, 2004 by: James Rabe of Keyser Marsten, available in the Parks Division office. ** As approved by the City Council in Resolution No. 2004R-128, dated June 15, 2004: : **'~ The square foot figure for required recreational space per dwelling unit in The Platinum Triangle is lower than the figure used elsewhere in the City, as set forth in Section 17.08. The lower figure is recommended because of the type of residential projects: anticipated for The Platinum Triangle. The mixed use type of neighborhoods : proposed require smaller human scale parks within a walking distance of 2.5 to S minutes of each dwelling unit. • ~ : EXHIBIT "D-6" POLICE FACILITIES FEE Residential Uses: $31.62 per unit Office Uses: $:l0 per square foot Commercial Uses: $.21 per square foot 390 units x $31.62 = $12,331.80 6,297 sf office x $.10 = $629.70 10,659 sf commercial x $0.21 = $2,238.39 The Revenue and Cost Specialists Consulting firm is still in the process of establishing fee guidelines for The Platinum Triangle area. During the interim the foregoing formula will be'applicable to offset the equipmen~ cost far police services in The Platinum Triangle area. The interim fee will be replaced with a one-time capital facilities fee which will be applicable to the Project. ~ ~ EXHIBIT "D-7" PUBLIC WORKS SUPPLEMENTAL' FEES SUPPLEMENTAL SEWER IMPACT FEE , All Land Uses: $430.00 per 1,000 gross square foot 371.263 sf = 371.263 (372) x $430.00 = ` $159,960.00 1000 Gross F1oor Building Area developed between 0.4 and 1.0 Floor AreaRatio (FAR) ARTERIAL HIGHWAY BEAUTIFICATION/AESTHETIC IMPACTS FEE All Land Uses: $12,500.00 per gross acre 6.284 acres x $12,500.00 = $78,550 SUPPLEMENTAL STORM DRAIN IMPACT FEE (Drainage District 27)* Residential Uses $24,500.00 per nef acre Non-Residential Uses $35,000.00 per net acre This project is located in Drainage District 26 *Drainage District Maps are available in the Public Works Department. ~ ~ EXHIBIT «D-8" TRAEFIC FEE Residential Uses $871.00 per unit Office Uses $3,384.00 per 1,000 square foot Commercial Uses $10,552.00 per 1,000 square foot 390 units x $871.00 = $339,690.00 6.297 sf office x $3,384.00 = $21,309.04 1000 , 10.659 sf commercial x $10,552.00 - $112,473.76 ' 1000 The Supplemental Traffic Fee is based upon the following: PLATINUM TRIANGLE TRAFFIC IMPACT FEE CALCULATION PM PEAK AVERAGE CAPACITY COST PER IMPACT UN TRIP LAND USE IT RATE 1 LENGTH (MI) 2 CONSUMED 3 LANE MILE 4 FEE/UNIT 5 dw eili Residentiai ng 0.49 1.67 0.00048086 $ 2,818,092 $ 871 Office tsf 1.36 t.67 0.00133330 $ 2,818,092 $ 3,384 Commercial tsf 3.89 1.67 0.00382504 $ 2,818,092 $ 10,552 1 Anaheim Traffic Analysis Model, PBQ&D, hourly trip rate between 3& 7 pm weekdays in Platinum Triangle. 2 Anaheim Traffic Analysis Model, PBQ&D, average trip length during PM peak hour in Platinum Triangle. 3 PM Mp rate multiplied by average length, then divided by OCTA standard 1,700 vehicles per hour per lane. 4 Construction plus right-of-way (no landscaping) derived from State College/Lincoln project data below: $1,582,195.00 construction of State College/Lincoln infersection widening 4087 linear feet (] fl of project length $387.13 per lf (no landscape costs included) $2,044,039.00 const cost per mile $774,053.00 row cost per mile 5 Impact Fee is exclusive of Citywide Traffic and Transportation Improvement Fee, which also is due. ~ ~ EXHIBIT ~»E» , Development Agreement No. DAG 2004-00002 DEVELOPMENT REQU]REMENTS AND MAINTENANCE OBLIGATIONS As a condition of approval of Development Agreement No. 2004-00002, the City requires OWNER to undertake and implement the maintenance of certain landscaping, private streets and private utilities, and the performance of other obligations, as set forth herein. 'Prior to the earlier of either the sale of the first residential dwelling unit or the issuance of the temporary or permanent "Certificate of Occupancy" for the first residential dwelling unit, OWNER shall execute and record with the Orange County ` Recorder a declaration of covenants, conditions and restrictions (CC&Rs") shall be submitted to the Planning Department and approved by the City Attorney's Office creating maintenance obligations for an incorporated association ("Association") to . establish a financial mechanism or financial mechanisms to maintain those areas and facilities (collectively referred to hereinafter as the "Maintenance Obligations"), which include: a. Private Alleyway/Connector Street at the west boundary of the project including sidewalks, parkway landscaping and irrigation, street lighting, signage, striping and all other appurteriances to the private alleyway/connector street. b. Private sewer and storm drain lines, together with all appropriate appurtenances including, but not limited to, area drains, inlets, and catch basins, grease interceptor, and clean outs. ' c. All landscape improvements within the boundaries of the Project, including all trees and tree wells, shrubbery and any and all special landscaping. d. Exterior building facades associated with the commercial and retail ground floor uses including, but not limited to, themed architectural features and signage, and removal of tenant signage. e. All hardscape improvements within the boundaries of the Project. f. Parkway landscaping and irrigation (Connector Street, Katella Avenue, State College Boulevard and Wright Circle). g. Parkway hardscape (Connector Street, Katella Avenue, State College Boulevard and Wright Circle). h. Onsite fountains and art elements. i. Enclosed parking structure with mail facilities, rubbish collection areas, and bicycle storage. 47 ~ . J• _ k. ' HVAC equipment in each dwelling unit associated mechanical equipment in common roof areas. 1. Recreational amenities areas including pool & spa, barbecue areas, clubhouse meeting room(s), sauna, workout room. m. Public restrooms. n. Site lighting systems. a Common areas associated with Restaurant & Retail facilities. p. Trash collection and facilities. q. Squeal-free surface in parking structure. ' r. Maintenance of on-site signs and awnings. Until such time as the Association is formed, the CC&Rs are recorded, and the Association has assumed responsibility to perform the Maintenance Obligations, OWNER shall be responsible for the performance of the Maintenance Obligations, including any additional obligations which may be specified herein. Reconveyance of all or part of any property interest therein established for the common enjoyment of the residents in the Project to a party other than the Association shall require (i) the prior written consent of the City, (ii) appurtenant easements over the said property for the benefit of each and every lot in the Property and (iii) that the reconveyance expressly affirm that the provisions of Civil Code Section 1367 relating to lien rights to enforce ~ delinquent assessments and the CC&Rs shall remain applicable. The CC&Rs may provide any of the Maintenance Obligations may be assumed by a duly formed Platinum ' Triangle Infrastructure and/or Maintenance Assessment District subject to CITY's written approval.. The covenants and restrictions set forth herein constitute a general scherne for the devetopment, protection and maintenance of the Property. Said covenants and restrictions are for the benefit of the Property and shall bind all successor owners thereof. Such covenants and restrictions shall be a burden upon, and a benefit to, not only the OWNER but also its successors and assigns. All of such covenants and restrictions are intended to be and shall be declared to be running with the land or equitable servitudes upon the land, as the case may be. The CC&R's shall provide that termination of the CC&R's or amendment of any provision thereof, which may negatively impact performance of the Maintenance Obligations, shall require prior written consent of the City. Termination of this Declarant 48 ~ ~ with regard to Declarant's independent obligations in connection with development and approval of the Project or with regard to obligations and liabilities incurred prior to such termination. ~ 49 • • EXHIBIT "G" CONNECTOR STREET COST ESTIMATE PCC SIDEWALK 2,760 LF @ 6.00 16,560 PCC CURB & GUTTER 610 LF a~, 20.50 12,505 AC PAVING 12,700 @ 5.00 63,500 CATCH BASIN (w/connection) 2 EA @ 7,700 15,400 STREET LIGHTS* 3 EA @ 12,000 36,000 DRY UTILIIES 610 LF @ 20.00 12,200 SEWER MAIN 322 LF @ - 122.00 39,040 REMOVE EXISTING SEWER 320 LF @ 19.00 6,080 NEW SEWER MANHOLE 1 EA @ 2,350.00 2,350 MAINTAIN SEWER FLOW 1 LS . @ 6,550.00 6,550 STREET TREES 17 EA @ 1,000 17,000 ` LANDSCAPING 2,250 SF @ ' S.00 11,250 SIGNING/STRIPING 1 LS @ 1,000 1,000 REMOVE EX AC PAVING 12,700 SF @ 2.00 25,400 REMOVE EX CURB & GUTTER 610 LF @ 7.50 4,575 REMOVE EX SIDEWALK 2,760 SF @ 2.00 5,520 ` ADJUST UTILITIES TO GR.ADE 1 LS @ 2,000 2,000 DRIVEWAY APPROACH 380 SF @ 7.50 2,850 REMOVE EXISTING DRIVEWAY APPROACH 380 SF @ 7.00 2,660 C~gg ~Mp 2 EA @ 1,450.00 2,900 REMOVE EXISTING CURB RAlVIl' 1 LS @ 1,000.00 1,000 REMOVE EXISTING CATCH BASIN 2 EA @ 1,400.00 ~ 2,800 SUBTOTAL 289,140 15% CONTINGENCY 43,371 TOTAL 332,511 * Unit price provided by Electrical Engineering 10-12-04 Revised: 10-12-04