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Home My WebLink About082995 RDA AgendaAGENDA CITY OF TEMECULA OLD TOWN REDEVELOPMENT ADVISORY COMMITTEE A SPECIAL MEETING TEMECULA CITY HALL - MAIN CONFERENCE ROOM 43174 Business Park Drive August 29, 1995 - 5:30 PM CALL TO ORDER: Chairman Dallas Gray presiding. Flag Salute Agency Member Walton ROLL CALL: Committee Members: Bridges, Gray, Jenkins, Reed, Walton PUBLIC COMMENTS A total of 15 minutes is provided so members of the public can address the Council on items that are not listed on the Agenda or on the Consent Calendar. Speakers are limited to two (2) minutes each. If you desire to speak to the Council about an item not listed on the Agenda or on the consent Calendar, a pink "Request To Speak" form should be filled out and filed with the City Clerk. When you are called to speak, please come forward and state your name and address. For all other agenda items a "Request To Speak" form must be filed with the City Clerk before the Council gets to that item. There is a five (5) mir~ute time limit for individual speakers. COMMITTEE BUSINESS Owner Participation Agreement Bv and Between the Redevelopment Aaencv of the City of Temecula and The Zev Buffman Group, Inc. RECOMMENDATION: 1.1 Review and recommend approval of the proposed Owner Participation Agreement by and between the Redevelopment Agency of the City of Temecula and The Zev Buffman Group, Inc. 2 Appropriation and Authorization to Release Funds for Old Town Specific Plan Billboard Sian Lease RECOMMENDATION: 2.1 Review and recommend approval of the request by the Old Town Temecula Mainstreet Association to provide $15,000 for the Old Town Specific Plan Billboard Sign Lease. 3 Plannina and Buildina Fee Reimbursement 4 RECOMMENDATION: 3.1 Recommend authorization and appropriation of 930,000 from the Redevelopment Fund Balance for Planning and Building Fee Reimbursement for Structures on the Old Town Local Historic Register and participants in the Facade Improvement Rebate and Non-Conforming Sign Removal Programs. Desion of Western Style Loao for Old Town RECOMMENDATION: 4.1 Recommend authorization and appropriation of $8,000from the Redevelopment Fund Balance for Design of a Western Style Logo for Old Town. EXECUTIVE DIRECTOR'S REPORT COMMITTEE MEMBER REPORTS ADJOURNMENT Next regular meeting: October 2, 1995, 5:30 PM, Temecula City Hall, Main Conference Room, 43174 Business Park Drive, Temecula, California ITEM NO. I TO: FROM: DATE: SUBJECT: APPROVAL CITY ATTORNEY FINANCE OFFICER CITY MANAGER TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT August 29, 1995 Owner Participation Agreement By and Between the Redevelopment Agency of the City of Temecula and The Zev Buffman Group, Inc. RECOMMENDATION: It is requested that the Old Town Redevelopment Advisory Committee review and recommend approval of the proposed Owner Participation Agreement by and between the Redevelopment Agency of the City of Temecula and The Zev Buffman Group, Inc. BACKGROUND: The Owner Participation Agreement (OPA) proposed is the product of negotiations between the Redevelopment Agency of the City of Temecula and The Zev Buffman Group, Inc. (TZBG) under an amended and restated Memorandum of Understanding (MOU) executed between the parties on January 31, 1995. The subject OPA incorporates in final form the terms and conditions which were outlined by the MOU and summarized in the attached report to City Council/Redevelopment Agency dated January 31, 1995 with certain exceptions. OWNER PARTICIPATION AGREEMENT: The subject OPA is completely summarized in the attached "Summary Report" which outlines the major responsibilities of TZBG and the Agency with respect to the Old Town Entertainment Project and the construction of public improvements. The most important difference between the proposed OPA and the adopted MOU rests with the responsibility for financing the Old Town Entertainment Project. While the MOU called for the City and/or Redevelopment Agency to act as "conduit" issuer of tax exempt bonds for the Old Town Entertainment Project, the final OPA places full responsibility for the financing of the Old Town Entertainment Project on TZBG. Neither the City nor the Agency shall assist in any way with the financing of the Entertainment Facilities through "conduit financing" or any other means. Another significant change between the MOU and the final OPA has occurred with respect to the construction of the public improvements proposed to support the Old Town area in general and the Entertainment Facilities specifically. These public improvements, estimated to cost 95,987,700, are those which have been programmed in the City's adapted Capital improvement Program for FY 95-96 and for which the Redevelopment Agency has available funds on hand. Under the terms of the OPA, TZBG shall assume responsibilities for the land R:\REDEV~OPATZBG.OTA 8/23/95 dwh acquisition, design and construction of these public improvements and take full financial risk for any cost overruns or expenses incurred in building the public improvements in excess of the approved budget of $5,987,700, The public improvements must be bid in accordance with the provisions of the Public Contract Code and applicable laws; TZBG shall also pay prevailing wages in accordance with applicable laws. Should the actual bid and construction management fees result in costs less than the budgeted amount, TZBG must reimburse the Agency the difference between the actual cost of the public improvements and the budgeted amount. The Western Bypass Corridor will be financed by a benefit assessment district; TZBG has agreed to waive any objections to the formation of the assessment district. No existing retail businesses or residents within the Old Town Specific Plan Area will be included in the benefit assessment district. Another change from the previously adopted MOU is the inclusion in the Project of an open space element, the "Old Town Festival Square." The location and specific size of the Old Town Festival Square has not yet been determined, but must be approved by the Agency. The Old Town Festival Square is proposed to be used for special events such as picnics, receptions and similar activities, landscaped rest areas, and/or revenue generating activities such as wine festival shows and exhibits. The area must be available for use without admission at least ten hours per week in accordance with a schedule to be approved by the Agency and TZBG. In the event City right-of-way is vacated to comprise a portion of the site for the Old Town Festival Square, Agency has agreed to acquire the vacated street right-of- way from the City and lease an area not to exceed 8,000 square feet to TZBG at an annual rent of ~1.00 per year for thirty-five years. The Old Town Festival Square will provide the Old Town area with a permanent open space element which will be maintained by TZBG. Other terms and conditions of the OPA parallel those that were included in the amended and restated MOU of January 31, 1995 and are more fully described in. the attached summary. SCHEDULE FOR DEVELOPMENT: The Agency has agreed to pursue the formation of an assessment district to fund the cost of planned acquisition and construction of the Western Bypass Corridor on or before January 1 O, 1996 with the issuance of bonds on or before March 1, 1996. The proposed construction schedule for the Entertainment Facilities will depend on TZBG's ability to obtain necessary financing. The final dates to initiate construction of the Entertainment Facilities and public improvements has not been determined at this time. FISCAL IMPACT: A total of $313,059 has been expended to date by the City/Redevelopment Agency to study the feasibility of the Project. Costs are still being incurred for legal and consulting fees in connection with the Project. The OPA requires TZBG to reimburse all costs of the City and Agency related to this Project with the exception of City and Agency staff time. Funds for the public improvements to support the Project in the amount of 96,487,700 are budgeted in the City's FY 95-96 Capital Improvement Program. AttaChment: 1. Summary Report on Proposed Owner Participation Agreement - Page 3 2. Proposed Owner Participation Agreement - Page 4 R:\REDEV\OPAT'ZBG.OTA 8/23/95 dwh ATTACHMENT NO. 1 SUMMARY REPORT ON PROPOSED OWNER PARTICIPATION AGREEMENT R:\REDEV\OPATZBG.OTA 8/23/95 dwh SUMMARY REPORT OF ~ OWNER PARTICIPATION AGBk3%fENT By AND BETWEEN T~rF- F~nEVELOPMENT AGENCY OF ~ CITY OF TEMECULA T.Z.B.G., INC., A C~kLvFORNIA CORK)RAT/ON AUGUST IS, 199S L INTRODUCTION This summary repot~ has been prepared by the Temecula P, eclevelopment Agency ('Agency') in order to describe the px~,ta~sed Owner Participation Agreement ('Agreement') between the Agency and T.Z.B.G., Inc., a California Corporation ('Pardeipaat'). This summary x~'port and the proposed Agreement have been r,~a,~ available for public:' inspection at the time of first publication of the notice of heming for the Agreement. H. PROJECT DESCRIPI'ION The proposed Project to be construc~d by Participant on the Sit= con~i~s of two components, the *Entu'tainment Facilities" and the *Public ImFxo,~xnents.* The Entertainment Facilities are descu~t~d as follows: (1) The Open House; (2) Wild and mi~-,ell~neous stn~ itntnvvements; (4) Old Town Old Town Fast Strut BridZc; (2) Old Town Galzway 1=,~d~.~ping; (3) Old Town Strict (~) Old Town w.t~r i....-,,,,~2zats; and (6) Old Town storm drain The Publi~ hnl,,,,,~ments a~ ei~,~-,,,d to o~st SS,987,TG0 and az~ m be ~mstruaed by Participant in exchange for a contrroulion by Agency in a like amount. Agency funds, equal to the estimated cost of the Public. lmpr~ements, ar~ p,~'ammed within the Capital Impsoveracts Project budget for FY 95/96 adopted by the City Council on July 11, 1995. Additional public hnl, io~ements consist of the Main Street Bridge Improvements (at the Agency's discretion), Sixth Stzeet Parking hntm~ements and ~sin Street Facades and Non-conforming Sign Removal. The ~im~ costs for these additional public improvanents az~ Sl,025,000 and will be paid for by the Agency. Agency funds, equal 2 Improvements except for t~ M,in Sueet Bridge, Pxoject budget for FY 9~/96 adopted bytheCiXyCouncilooluly 11, 1993. approvsd by l~ City and as m/uh~d by ~lms Tem~mla Municipal Cod~ and re. la2dhws TIt_ PROJECT LOCATION The Entertainment Facilities and the Public hx, F.,~n~ents will be located within two areas described as the 'OM Town Azea' and the *Westside A~a.* The Old Town Area is descn'bed as *Tourist Con~ Retail' on the ~u~osecl I~n~_ Use Districts Map of the Old Town Specific Phn approved by Ordinance No. 94-05 of the City Council of the City of Temecula on February 22, 1994, which is on file in the: office of the City Cleric. The 'Westside Ares' is gemently located southwesterly of the Old Town Area and described on the Study A~ea Map of the Westside Specific Plan approved by Ordinance No. 9~-08 of the City Council of the City of Temecula on lune 27, 199~ which is on file in the office of the City CledL The Old Town A~a and fiz Westside Area are specifically described and depicted on Exhibit No. 1 and Ex~it No. 2. The Ok! Town A~a porfion of the site is located withln the Temecula Redev~ Project Area 1988-1. The Westside Area p6tio~ of tbe site is located just outsideof the Projea ~ and wfal be physically and economicany inlqn2d wlthl, the Old Town The Participant shall assume sole and full respon~'hility, and all t~n~ncial risk for financing the design, eox~truction and operatim of the Entertainment Facilities Neither the City nor the Age~"y shall assist in th~ financing of ~he Ent~'tainment Faciliti~ though *conduit financing' or any other means. In consideration of the payment of the sum of $5,987,700 by Agency to the Participant, Participant shall design, acquire ]and, cor~i,,,ct and ix~,~11 all of the Public Improvements, as defined, at its sole risk, cost and expense. The funding of the Westn-n Bypass Corridor shall be by an assessment disuia. Participant agzces to participate in and waives all fights to object to the formation 4 ofansssessmemdisttiafortheW_L-e~nBypassC.,onidor. Participant shall be solely xeslx~-~'hle for all cost oven~n-~ or expenses incgned in b,dl~nl~ the Public Impxovements in exce~s of the Agenc'y's contxibution d All Public lm,nmv~ts shall be bid in ~.c~z~,lnce with the provisions of the Public Contracts Code and aisle- laws; Pa~t shah pay prV~ilinS wages for the Public l,,,l,~o,ements in actor'dance with q~l,~,"~hle hws. Participant is solely xespon~hle for complying with all z'equix-ements for completion of the Public ~ts teqttized by the land use e~l~flement~ for the Projea. Participant agrees to teimbune the actual costs of the City and Agency incurred in connection with the Project fzom the financing for the Entertainment Fadlilies and/or the Public Impwvernents with the exception of City and/or Agency staff time. H. Participant agxees to the establi~h~nent and n~infpnnnce of a ~ cbax'ge Of ~' 5 3/4% of the faz amount of ~e~ ,~t-~ sold for Enln'atinment Pmject events to Entertainmint Fat:Hities, an annual fee of $2,000,000 adjuslul annually by the The Pa~t ~hntl include ~ nam~ 'Old Town Temecttla' in the legal and opern~ng name of tl~ Ent~tainment F~, in all written and w..L-vision adv~ng aild pl~ mn,melnl~. ~ whet~ CO!~nlly p~a.'fical, :radio adv~l'ti~ing. Participant shall: (1) pxovide the Ent~/lainment Facilities x~nt f'r~e for non- competing public non-l,,u~ use for a mlnim~ll of ~ (40) days pe~ year;, (2) include an educational component which will piovicle opportunities for perrt,, -.ing ~ edtl{llfiOIl for IClCal ~ l~ideal~; alld (3) mnk~ ev~"y effOl"[ tO pfOvi~ diverse prognmming reflecting a cross-section of community preferences. To tlz extent penni_-__~ by law, Pazlicipant shall adopt hiring policies for the Entvzainment Facilities which F, vvide prefen~ce to local area residents. L. ~pant agnes to pay costs of incazas~ City senvices relating to police, M. Particilmmt sbatl pay all relocation be2fits as required by law. V. AGENCY RL61~NSIBILITIES Agency shall pay the sum of $~,987,700 upon ten days written notice following a dete~n~n~on by the Agency in its sole and absolute disaction that: (1) The financing for the Enun'minment Facilities has closed or commitments are in place assuring the close of financing; and - · (2) Participant has futly executed a~x~ements for the construction of the Entertainment Facilities and the Public lmlm:~,'ements. In the event the Participant elects to finance the Public Improvements through a 7 co~,,,,mlty ~ district tlz Agen~ and Participant shall Agen~ will consmict naaidt~sal public i.ml~ov~ con~ting of the ldnin SUzet Bridge t.ml~vemenm (at ~ ~ ~ ~ ~), S~t S~ ~ ~ ~ ~ ~ of $1,~,~. Agency will cause D be inld,i,K! and will diligently pursue the formation of a community fncililies distria Io assist the Participant in Snnncing eligible public fsut~iil-h-_,~ ~ fling t~ be l~cI~ed SO]~y by tn'operty owned by PanicipanL Pan~pant sha]l be solely z~nsihle fo~ all costs d the financing. Agency agrees to the establishment and insinto of a user charge of S-3/4S = of the face mount of ,~_h ticket sold for Entn'~inm~nt Project events R) be used by Participant to finance the Project for a period of thirty five (35) years. Without restricting the disaz~onary powen of the City Planning City Council, or Redevelopment Agency, Agency agrees to consult in good faith with h,niciFmt prior to p,~sing administntive guj,4--!i,,es goven~g f~tuzc 8 Pari~n_~ Mnn~emmt plnn for ~he OM TOw~ Ar~L. its permit ap~!imHntlS OIl a "fZSl Irdr~ bash. : City.will vacam a portion of mm ri_~ht of way for the between part~ of the Site, and it is ex-pe~d that Partic~am will own the zi~ of v,'ay upon vaca~n. in the event Participant doe~ not end up owning the z~ht of way, Age~ ~hnll acquim from the City mm right of way lo be vac~d in an az~ not to eameed 8,000 square feet nnd lease it to Partic~uant for $1.00 per year if a_,'~,'y for the Old Town Festival Square component of the ProjelL The z~-use value of the Agency will diligently pursue the formation of an assessment district to fund the costs of land accp~ion and consW,_ction of the Western Bypass Corridor on or before January 10, 1996 with the issuance ofbonds on orbefore March 1, 1996. 9 ATTACHMENT NO. 2 PROPOSED OWNER PARTICIPATION AGREEMENT R:\REDEV\OPATZBG.OTA 8/23/95 dwh p___*de, velop-,mwAgm~oftism CilyofTemenda 43174 Buslures Pazk ~ Temecula, Califumia 92~90 EY;m.!PT FROM P, IX)RDEI'S Smctions 6103 and 27383 OWNER pAuTIr~rPATION AG~NT byauabetweentlm ]~EVELOI'MENT AGENCY OF Tgr~ C1TY OF T~VIECULA T-7..B.G., INC. A California Corporation DATED AUGUST 31, 199S OD TOW ]~',,rI'P..KrAIlql'~r~,IT C~"N-x'{r..~e.. PROJECT TE1VIECUI~ Fh'~Wv'h'~ O~ PROJ'E. CT ARIA. i988-1 O~'Nla[ PA'RTI~.pA'FION AI.~r~3<Ntk'~]T ~ Om~qll PAITICBsAmION AGIkm:e~fi~WYI' is mlm:ed imo by mini betweem IttD~ AGENCY OF ~ t:r,-x OF ~ (the "Agency") and INC., · California Coqxnlm (the "l'm6,Z4mu$") ml is ~ amt eirmc6v~ as of Section 1.1 l'Mrpose of Amr,..m,n~ bczcafter known as the q=.,,je= Azm." B. This S is a2tumi imo for me purpm~ of x~ievelopinS tlz Site and not for sl~c,d,Ho~ ill Iralid boldinJ. establishing the Pzoject Area in ti~ the F. vject will: (1) l~,,vide · broad range of public service infrastructu~ 'l.,p,,,femmts to h,d-,- luivae ira--ran,-,,, in the Old Town Azea (as defined in the Old Town SpeSfi~ Plau); (2) promote the pxmenmtm and ,~h..~n.nt Of the Old Town Azu in acc~dauc~ with the goab and objectives of the Old Town Specific Plan; (3) l,,,,mot= the ~ of tb= l'uBect Atm's commm,~-a bag ,,,d local =uploymem op~ to provide jobs for the azea; (4) ,,~e in the cumiuued dev~t of tl~ Old Town A~a as a tom~ cic:s~m~m2 and ,--h~.cem--t of m~ mu~st ~ as a majc~ fou~ ~placemmt of ~ c)~d~ noA-h].slm'ic~l ~{1 b1~i]d]ngm whkh Lyp~ ~he blight conditio~ which ~ i. te ho]ec~ Area. Complet~g tim x~l=velo~m~m$ of lira Sire as proposed ~ also ass~ in ,..mh~,~ng blight iu t~ 1'reject Ax~a ~ geuera~g uew ~ Agreement nnd the goals of il~ pInn aud im iulmxcled ~ be a coulract wlthln the tnmnjng of Govcz~z~nt Code Sectiou 53511. LAX~X264~.m RM~ A. gUt Is. im _~_ Tpm,~n, Pureant to ~ Ordimm:s No. 91-11, wbida betas ~ May 9, 1991, and Ci~ Ordimm~No. 91-15, wbkhbemms ~Aprn 9, 1991, flas City appmm$ which is tbat arm,bwLm,,,*,'~ as "Tomist Core RSsil" mEstdbiI 1, Pmposed l, lmd Use Council of the Ci~y of Temecuh ea l~ 22, 1994, which is m ms in dse Off~ of the located southweszedy of the Old Town A,,'ez smi which is specifically des::~bed on the Study Azure.p, of thc Westside Specific spproved by Ordimsz No. 95-O8 of the Cin7 Coun~ of the City of Te~_-c,,la on 3mac 2'7, Lq~, w~,-h is oa file in the Off~z of tlz City Exhibit No. 2. The Panicipsnt cun'eutly lms mi option to puxcbsse cm'miu pmpcP~,'w in the Old Town Az~s which will coxnpzise a portion of fiz ~ wtzn dz scq,,ad,~,.w,- ax~ complete. as are acqui_-'~ by Panicipsnt. 'FneEx~-miveDL,~cmrislzr~~-,,~dim:t~m entar into ,m~ldm,',nts to thl, Owner ~ ,~ whid~ add slv~fle- ~pez'd~ to the component sr~s of the Sire which Panicipss rosy subs~l~,dly ~ C. TheOldTownAx~aofthcSit~islocatedwHdntbcl~ectAzes, The Agency finds ~ tlz Westside Area of fiz Sil~ is locamd just oo~ fiz Project Ares sad Old Town Aria of the Sit~. The W..~,t*- Azs v/~l be within $un, ey Ares for Section 1.4 Parties to the AW~ement A. The Agency The Agency is a public body, corpom~ and pNid~, ex~-:dng governmental and pore ,rid Orm~m. ni,'sd and exisfin~ raider the Commuxlil'y P~d&n~.lopmeslt L!w Of the Sin, to of California (Seclion 33(X)0, et se~., Hmlth and Safety Codre; ~ "Act"). The principal off~e of the Agency is located at 43174 Business Park Ddv~, Temec,,in~ ~S;fnrnan 9:25g0. LA.X~12~427.9 ~ Aarma li, lm $em:{~mtm %..glmr, ahiMHon Ammi,m 4 in Fro.. fT. k. ,,reedbin. Mmm,~m,.~ mad Cone-old'F' ~' ' Thesaicofa_Prmwn11I-_e~iePatl~sazRdmllcolHdtu2avnbm4m'ycoaveyanceof ETJIBffiNo. 1 ExhE~tNo. 2 ExhilffiNo. 3 1:;-,rh,'bit NO. 4 Section 2.1 Scone of Develoouwut A. TheProjeaconsistsoftwoc,..,,,l.,on.~ls.the'l:~h-.~,:,,,._ntFacili~s, and the 'Public Impzovements." land acquisition, d,~_,~ and construction of th~ following: (1) Th~ Opera House; (2) W'dd W~Ama; (3) yh~L~ru~tbmm; (4) cm~a~Wphy~use tba2~ (s) 'quick draw' ,,d indoor/outdoor ~h,*hiil,.m~; (6) rmt~,,,.ap,-; (7) thcm~ xv. lated ~ (8) om'rown Fesfivax square, and (9) pa2iinZ hcmties. 'rh~desaipti~ar~fur the purpose of defining those portions of itz Pmjea for which Par" '.,',~un shall ~ ' negofia~ to detffi'mine the extent ID Whir.h the parking facilities may be mnd~ 2VniInhIC m the genex-al publ~. (1) P,=nova~on and ~ of Ibe Old Town First Stunt Bridge; (2) Olit Town ~y T=~dv,~ng; ('3) Old Town II,..mo,..h..tlon Block, including the Frm, t Su~et r~t~airs/upgrades, Fron~ Street ~ m~,~'"o,~.ous smut improvements; (4) Old Town Sewer l.ml,mvemen~ (:5) Old Town Watt- Improvements; and (6) Old Town Storm drain imlzrov~ms. g,,-H;,,ny d~scn'bed in Sec~ma 4.2. 2.2 Co~uetion Schedule foZlowing events: thousand eighty seven thousand sevea b,m,~t dollm (SS,997,700) in acc~ance with Sec~n 4.7. hereof; and C. Participant obtains ownet~hip of the Site. Section 2.3 ProJect Pariah,, Farrafts Enteru~nment Facilities shall be av~;!=hle under the same tenns and conditions to custom~n and visitors to the Old Town Axca regamtless of whether the cusmmer ~ visitor is a patmn of the Pwjea. B. Tt~ASen~as!~slalln~otiat~ingoodfaitt~fortizadoptionofa (1) Identify Issrking b~,'li~e~ other than those owned by the Participam which mi~t be av~ihhle for use in conjuncfioo with the Entetlaintnent Faca']ifi~ (2) panvide for joint use at off-peak times alld for special mrS; alld (3) y,~vide for It V.lidmt;eq O[ ~ S'ytZ!5 lO accommodate the ~ poring needs of the me~ha~ within OM Town Area with the parking need~ of the ~Ltertainment Fadlifted. ~ par]cing xeve~,,~ fzom the pazicing cons~ucxed as pax~ of the EntezUbxment D~li.,.~ ~ be the l~z~peAy of the Pa_qiciput. ~,-m.-~i,.d,,...~..~fi,,-,d,-,. s ~ and' p' '" or ~ s~novaL. ~ Ti,h'tlity ACt Frn~ClA"; 42 U.S.C. Seaion H01, et agl.], dz lesonxce ~ sad l~___e,x, very Act ['RCRA"; 42 U.S.C. Section 6901 et/El.] sad ~ Health sad Safety foregoing;,-t"mnhyisimeadedloopesaesssnqWeemeSpmsm~toSeclionl07(e) of assignment whlt~h are not COmmifi~d O~ omilIed by the ~. atlorneys fees and costs), claims, de=rends or ll,hnhl,.e judgazms for injuzy s dama~ to ~-~'y and injmics to persons, bscludinS d,,e,, .whic~ may be cased by ASency's scions or performance thereof be by the Agency e~ anyone directly employed or contacted with by: the Agency and whether such dama~ sballk:cae0rbe discovered bdom o~aftcr t~r,~tion of thi~ Agreement; provided, however that the Agency ~hafi not be x~luimd to misconduct of the Participant, its of Scen and employees. Subsection C.4., a compxeensive H,,h'dity policy in the ,,mom~ of st last Three ~4';111~n Dnl}9_~ ($3,000,000) for any penou, Fwe ]~ITIli,~s D~n,,s ($5,000,000) for LAX2~ X2S4~.9 Fed: AseS U, IF~S -'7- md.,v.,~ntmimllcoutmlnamimmmnmmmtof~tmtlmpmnoftlmcm~imgrmnotify 4. ~'heinsmmnceobliSafionmmetMrthintimhSecfioumballmmainineffect on/y ,mfil iris1 C. ex'a~m~of Ccm~lm¢jcm hashcram b fur all uhen in is m nL maybepaidpuzsmmttbeinsumnmzequix~lpursmmttofixisSccfim- Section 2.5 City mud Other Go..;. .....cdtsl Aaencv permt,~ A. Be~oze cOmmemOe.memt of conmzlsction or develo~ of any b, dldi-Ss, s=ucmzcs or othcr wofic ofl.m1~ffement the Pat~ipaut shali, -tits own ea'pmse, securer causctobesccuredanyanda!lperm~wix~maybexequimtbytheCilyandanyother govermuenml agency having juzisdicfion u to s,,~h etmsmu~ion, develop--- ~ work. The the Cit7 Planning Commi~inn, City Ccnmr~'l, c~ the City ~ m m~,l~zuv~ ccmdition-11y approve or dmy any land use ,.~titl,.m,,~t zequ~ for th~ l~oject in acc~ with applic~bl~ law. Agent7 shall assis~ ti~ Participant in Ob~n½nlng pZOIDpt ~ expe~ processing of its permit applacafions on a "first trick* B. T!~Parficipantassunmattmspmm'hilityfortakin~allactionswithinits control n~xsary to comply with the Subclivi~irm ~ Act (GovErnment Code § 66410, et Section 2.6 Antidis.,:r-I~fion During Comtruetiou The Participant, for ilselfand iB successtrs and-nl.m,~; agl-~.,~t in the construction of lt~ Bnmt F~ and Public Improvements t,,.,.,.,~,ic!~d for in this Agreement, the Patiicipant shall not ~i~rimin,.- n.a~dnmt any employee ~r applicant for 2.7 CertHi~e of Cnmuledon AFeea2nt aad tls Cslificm afComp1,-dne dmg. mztaZs. Atbs.~af such be its m,het~t'Isdly the f0fi)l attae~h~4 beZ~0 8Z 'l:_Th;!~ 4. the~of, ~r wzimax .~es~ fzom the Parechant, the ASe~ sbaU. w~,,;- .,- (lo) aV~ih~hi~ Of stw::iSc items of ,,,h..,4,1, for !-n,')~i,-1.;n completed, the Agcnc~ shall bsuc its ~ of ~spletion upon the posting ors bond by the par~cipant with the Agmcy in an amount ~ a fsir valu~ of the work not yet .- completed. If the Agency shall bare failed to provide such (10) business day peziod, the Participant shall be deemed endfled to the Ceniflcs~of Completion. D. Such Ce:rt~Lcate of Complyion shall not constitnte evidence of compliance with or satisfaction of any obligation of the Participant to any bnld~r of any deed of msst securing money loaned to finance the improvements, or any .pan tlnezed. S,,eh Certi~c~ of Completion is not a notice of completion as released to in the r~llfornia Civil Code, Section 30~3. ~Az2:~2'z.9 k ~ u, :m -9- uar~ OF Tnv- udmdm---;_--,',-. Section 3,2 Project Ns~- to Tm~ude uO!d Town TpmaPnlo:w Adverft~-- of General ~,v~ns. the Old Town Azea. Section 3~3 1~ o,.,,,,,..l,q, for r~t,-,nrmment Frmti~ Pafiicipant eh,ll make every effi~t 1o provide diverse ~ d a comnzr~-fiy reasonable natu~ for the Entmtain~.nt Fn,,'.,~-f .x~ a cross-section of ~ communit3, ent~tainm~nt ~. Section 3.4 Rent Free Avsll-httffT of l~sstertnimnent Faei!itit~'to Certain City Non-Profit Grmlps non-compe~ng public non-Fzu~t use by local theater and arts u,Z-~.:~tinne for a m;-~mmn of forty (40) days per year, in accontanm with a scheduled ~p,,,~ed by the Aleracy and the l:~a_,'lid!~t, ~ sach L~ bein_~ subject to Paxticipant's d~.,Mnin~a~on of availability and conflicts of the venues, which d,.',,'mi,M~rwX shall be ea~jed in a rusonabl~ mamzr. Any time that any one of the Ptoject*s t~ t~ other ptiva~ fat.9id~ is used by an individual or grotrp for any time on a givcn day, then such usage shall be count~d towards tbe 40 day minimum x~quirmnenL Salon 3..q R. ntertnlnment FaeHiti~ to Provide l~'Anmfiopml C0wwlponent Panicitmnt shall include in dz operations of the ~ntm~t Facilities, an educational component which will provide oppommlti-~ ft~ l~'fofmi~g azts education far local area residents. F~talruu,~Facilifimwbistprovid~apmtsuc~mkx21mr~'t'"'w Section3.7 ~dTowuYmf4wlSm,eve B. TizOldTownFemmh~Sqmzdm!lbeusedfoc (1)specialmmstszla~dlo ! t .nm ,nzntr-.mnt wt mnsy=n,synntn,q, n ('nztudinS and ,",,,n,-' anivit~ (4) lanttscal~ mt arms; m= (4) xt, vmm~ Stunling activ. s~,: C. T!zOldTownFesdvalSqua~almonitmdztmfdmllbeav-f,,h~-forns~ wigaoutanadmissioncbsul~aikss~tn(lO)bourslo~rw~kinaccordu~witas:tzdu~.. approv~ by dz A~ncy and ~ which ,,yl.-,,-ab shall not b~ unznsoubly Heslth and Safety Code Section 33433, the fair reuse fenud value of rich tight-of-way property, following vacation and subject to the limi~gdnns Of ~it Agrttnznt, is dz ~nisl value described in th/e Section. Section 3.8 Atmcv Guiddin~ for Co~ideration of Other ~,ntertalnment Reinted YacHtties planned. Thez~or~, ~. such ~mlni~ve LAnzz~a~.9 F,~ *,v- u. tm -11- Seedon 3.9 Cov~,,,t~ for Non-Di~. h.lnGtton A. Tlz Participant cevemnts by and ~, itself and tny successors in intffest thsi thex~ sh~11 be no di~-vlmln,ti~n against or segZega~n of any person or rd.o~lp of pe~ons em Site, nor shall the Participant itself or shy penon ~_lnlm~n_~ ,,.d.r or through it establish or pm.,it any such practice or thi~dces of dlm-,-imlnn. On or seg~ with xefetence to the vendees of the Site. B. TheParticipantshallrefrdinfmmzesuictingthetenml, sale or lease of tb~ Site on the ba~i~ of race, color, crw~__, ~ sex, mazilsl ~4~h,s; h2~d~,'..~l~.; national offBin or an~.stry ofany person. All such deecis, lmses or~,~tracts sball conmin or be subject to substanH~lly the following wtondlm~imirmtlnn or non~on clauses:. 1. Indeeds: 'TeeVameelzz~incovmsntsbysndferhimselforhenelI, his or her heirs, executon, aaeimlni~'~atOrS arid assigns, ~ all persoils r.lmlm~n_~ ~ or through them, that there shall be no dim-rimlnn,lon against tr segtzgmion of, any person or s.,ap of persons on account d race, col_or, _cav~__, ~ sex, maxim] occupancy, tenm or enjoyment of the land hefe~ conv~, ~ shaD. the ~ ~ or herse~ or ~ny perso5 P!a;mln~ tinder or tkffo~gh h~m (~' h~-, es13blish or permit any such pactice or practices of di~rlmlrmHOn (~ Seg~ with zefetuice to the selection, location, number, use or occupancy of ternants, lessees, subtenanU, x. Az~ x2~.2v.9 Fad: ~,,a U. permit any such pm~ ~ pr~ of ,,H~'~m~:dOn O~ ~d~ ~ ~ Seciimm 3.10 Continuation of Cotem, u;~ A. (:Xr ~ ~ which hzve lDe~ P'esh!i~hP~ purstmnt to this Agrccaxt~ the S3,~e sha.U, be dee/bed to be cov~la!lls r:mning W';_th the ]a.Rd for the Tt)eDeSt Of ~ Sit~, the Projcc~ Axm and the Agency in cartTinS out its rotatory mpons~l~ttics under California P,~devclopment Act CHealth and Sa~y Coc!~ SectiOns 33000 et ;~q.) to implnnmt the binding forth~benefitoftl~Silz, th~ProjectAt~aandtlzAgencyandil~succesmrssnd whirs such / shaH be ln forcea!~de:ffect, wil:ho~teg:atdtowhetheftheAgeocyb orreanainsanownffofanyland~bltcrestje:tc~towbj~lsuticove~antslmln~. B. Tnccovenantsdeacn'bedinArdcleHofenkAgzeementshallexpimuponthe issuance by ASency of a Ccrti~,.-t- of Completion as to the Site. The covenants aZ~j~_e in Seai~m4.6, pmicipmPaymm ofCom of~d Oty Suvk:m, and 4.7, Us~t amTIPv~ IV FINANCING OF PUBZJC IMPROVEMENTS AND PAYMENTS TO AGENCY Seelion 4.1 l~oq)otveBd!lfi,,e For l~bnei~ lr:ad*p,q*mtnmmmt Fad!it~ and Pnb!le l,,O)fu~ ...... d~ defined in Section 2.1.A.2 of ,t~, AFsaaat) stud necessary fixtm~s mud equipment. The B. Agency shall anun~ sole and full ~?onendllty and all finance1 zisk for the land acquisition, design and the construction, ~ or renovmdnu of the (1) Mal, Street Bridge Improvements, pn:rvld,pv~, however, that Agency ~i.m w~ether to ~ with t.i, improven~t, C2) ~ Stzeet PariSrig i,n~z~aents, a.d C3) Main Stfe~ ~e-sd~e al~ n011-COtlfOfmln_~ Sigtl ~ see mn~ Section4.2. The budget for these tlazee imptovemenn shall be limited to thne lmndred seventy five tho-mnnd dollan ($375,000.00) for the ]~lraln hundred seventy five thousand dollan ($375,000.00) for the Sixth Street Parking Improvements, and two hund~i k-v~nty five thousand dollan ($275,000.00) for the Mni. Street Facades and Non-Conformln~ Sign Rnnoval, ,mk.~ the Agency det~ ,~ines in its sol~ discretion that additional moniu are av,,,hl~ theefore. Tiz design of the impmvemesUs shall t~t-P into account the limits of ~i~ agr~d budget so ~nt the ultima~ cost of tlz d~d~n and construction of the imlnvvements does not ex_~__ tiz Sn~nPinl limitation. C. The Wesl~tn Bypau Cm?idnr will be finance thtough and built as pan of an assessment ~ descn'bed in Section 4.3 of this Ags~n~nt. Section 4.2 Conm'uetion of PubHe T, .. u. ow~,..ub bv Purtidtmnt A. In con~deratima of the payment of the sum of five milllnll nine hl;llldr~d ~ighty seven thou~nd ~ hundred dolim"s ($.~,98'7,700.00) by the Agency to the la'atticil:mnt, the L~C2:X2m77.9 ~ m u, am -14- .q,~,~..,,., as e-pw~o-dy u possibl~ ~n,,wing submitnL Public Conmwts Code ,-, at~hwforlmblicwodafor~i.-~..inc~butm D. Paz~cipantshallbesoklymspons~kfurallemtoven~nsorexpenss inam~inbmldingthePubli~T,mlwov~mtsinexcessoft!~Agency'sconm'butionof $5,987,700. b ahall also be sokly tupeme'hle fur any ,~,,e which my be the land use enddem-.. for the l~ect. In b event b bids ate l~s than b Agency's contribution, the diffetzllce betweal the zllloo!lt of the ~ inelnttle_~ a C"enmnry reasonable constxuction management fee, .h,,n be laid to the Agency ~e,ln d3iny (30) calendar days of notice fxom the E. Agency shall pay the sum specified in S~ A to Participant upon lm (10) business dny's w~tt~n notice following completion of the following events: 1. The financing for the Entertainment Fae,'l~d,e has closed ~x the AFncy deliveries in its sole and mlfel2zed ~ ~ COmmitmsqtS axe ill place that assure the closing; and Director of the Ag~cy. G. In the event this Agzeement is tenninmed pH~ to ti~ COmm~,',-m~ff of the constation of the Public Improvements, Agency agt~ to pint. base from ~ the plan~ and sl:~-,'i~dcmq azui work i. pmgzess ~ ~ d~d.~n of the Public ~ and LAX~In4~.9 ~ ~qmt u, lws m:tmliimminmmmiwiHctwasxeammblynecxmarylo,,m,i, le~dBDmignWozk,(2)im _Se,-~ ~L3 WMb, m ~vtr'm As..mmsnt ~ B. No comm~,~sl, ~a,,,,4oz ~ residmhl sm~tmu m property w,h;, the Old TownAzm(asdefiaedin~heCBdTown~Sp.r~-Plsn) eEigingssofthedal~oftbis Agn~ment~ sbanbcmmsmd fortbelchzblicT.....~,o~,~ F,d,qbtEgh~in tbc Old Town, whetbcr co,-,,,-~:L iadusU:~ or ~sidsnisl, sppmved by s--City ea or ai~tl~ C. Particitxm/, on behalf d ilself, iis successon and o,4.,,,% bcn~ acknowledges that developmere of the Site wffi ]lave aa imlxu:t on trame in the zegion ,ca the Site wi/l benefit fzom tiz consUnction of the WesU=n Bypass Conid~ and thezefore agreesand offers to panicitm~ in, and waives a!l .zights to object to the formation of an assessment distria for the construction of the Wes~zn Bypass Cuu~Jor. S,~fion 4.4 C ........=nitv Facfiitb.c District Agency agrees ~o caum ~o be in;dn~,4 and will dni.~ntly pursue the ;,.~slion of a community facilities district m ,,,,i,t PazticiFmt's obligations to fund the cosis of land facilities dis~ct, with input fzom the Pardcitusnt. Section 4.5 Reloeation of Perso~ Dbpl-eed by the Pr~eet the ad~u,~ion of the x~ e~m'm. Panicipm shall {,,,~-,,,,,{~y AZmcy puxm~ m Sectiou 2.4 for auy payremUs, obli~atiom, ~x Htilsiieu ~ my axim out of or be y,.i,,Md tO any actions or i~actiozB rHm~ng tO the :telocaljoo ,w;qL~lr,.~Ahl Of this Agreelllez~ 1. lkUsefO mZe, sb~notbecomidendamwteeoftheASencyo~ Z~ziodoftbi,,tyrm('~)ycmfxomtbedmofbcksbgofdmeraancingofee sbanbepsidmdzA,-,emcymmfonowm: subject to the incp--_Jc in this amount se~ forth in SubpamSnph 2.(c); (b) Duzb~sm:bpefiod,~shsllL~ai-tbesmountoftbe SU___Pr:'~W4_if'g year ~, the nmnuat Of the $2,000,000 !imi~t,a~ Shill be incmasedbya~~totbcavengeinctaseinticketF'~,'~for events on the Site dining the prior yeaz. B. Thc opcntion of this Section and the col~ction of tbc User F_,'~s_ shall be suspended for such pe~od of time as thn~ iS in effect a valid Section 4.7 Particttmnt Payment of Costs of lner~.~l City Services Result|wV From the Preject A. ~agz~estodesignthePmjectandimplanentopentizalpmgnms fo~ the Pmject so as to zed,_,~ tbe impact of the Project upon City services, asmom specifically set forth in the Scope of Develo~ Despite tlaese d,,~,vn and operational 1. The munidl~ services In be considemt in a_,~a,,i,,g City Senri~ Costs ar~: (I) Police mervLn~__; (2) tim and Immnmedi= services; (3) Paz~ipant'm s~.tssdj~enttoti~Simb~eduimonth~U~m{md~p~L,~-,---4fi~mtheSi~m oth~rmLffxconthes~.~s~dj~:emmtl~Si~. 3. Pa_qidpant sludl z~zivg a cz~U1 Of F, uj~:t RevenL_,~_ for future sit x,4,x2=:26~.9 x~ ,odinurn u, Lm -18- evenl:ybetwmx~h~ 6. Th~~'s~a~mnemmtrayme~formeppo*.--~xmo~m monthly mount for tl~ nmv pedod. F_ Following the ~ six month pe~od fam issuan~ of the Cer~P2~ of Completion, the Agency shall submit an invoice to tb~ Parth:ip~ mi th~ first b-~n~ss day of de~bySubsectimaD. Pazlicifmnt fhmn pay the ammmt due to tbe Agency not !M*r Agency~nall~herea-.'e'~rtr~n~rluchamou~mth~City. Aimmchazgeintheanlountofml~ and one half percent (1.~%) of ~ amount due shall be imposed if not received by said date Reimbursement Payment is paid. Section 4.8 R,:f,,bu,~ --e~t of Parficimmt and Alehey Cn~ Incurred Prior to Close of Fin-rift,V A. The financing of the Entertainment Facilities may ~,u¢ide for the r~nbunement to Part~t of b's acZml ~sts paid for development of tlz Project and actl,,i,ldo~ of the Sit~ psior to the close of tl~ financing including, without (1) The co~t of al'~hite,,fi~mal, ,m~gjnt.,,s,~ng, ]ega]. add dP~i_w11 fees slid other rHntpd fe~; ('2) I~'fm'mance and ~ bond p~miu~; O) prope~ ta~ ml i,,,,aam; (4) option payments, pure. hue paymenu, es~m~ and ckaing fees, ud relomion paid for acqni~ion of land for the Site. lsmies dated January 31, 1~. AmTWCT ~ V G~CRAL PROVm~OI~ Section J,1 Notis~- Dsmsmk and r'mmmmledim~ ,&mOw[' e,e Parti~ Pazticipant described in Section 1.4. Such ~ notices, demands and COmmnni~drm~ maybesentinthesamemamtfftom:hodlffaddx~ssesaseitberlaztyxnayfromdm~to time designate by mail as ~u~d~ in tbis Section. Notice shall be d~d to bave been Section 5.2 Conflicts or loter~t '. Section 5.3 T.o~l. Sh:t, and Federal T~ws The Participant shall can-y out the vxovisions of thi~ Atzeeme~ in confaanity with all al~plicable local, s~,~ and federal laws and z~l~lations, inch~, without !imL~tlnU, tl~ such lnWS and l~"~d~tiOlB lt)e~"tai.llhg tO the paymeot d ~ IFa;es which might be applicable to its obligations. Section 5.4 Tnxes. A~essment~. l?.nr,,,,,hrances and T Jen~ The Participant shall pay when due all z~l ~ mr~s and ~e~-c~m~nt¶ Oa that portion of the Si~ owned by the Participant. Sectjoe S,S l~,nforced Debar: F'.'&'t~OO Of T'l~es of Performance A. In addition m porcy her~under s,h,;! not be deemed to be in ddault, and all peffozmancc and other dates diliScntly and delays or defaults m'e due to evems beyond the reasonably ~3~I of the part~ such as but not limited to: war;, insurrection; a lockouts; xiots; floods; earthq--t-e; LAn~'~.9 r=~ m u. am tbnctopedorm. Seciion 5.6 Non-nohmtT of Ofi1~,.k mud Fa,mlow~ of the AleneT No member, om,~d Or employee of the A2en~ ~ the City]shall be penonally H2hle to the ~ ~ any successor in ~,,,,~'~,. pEsmmt m the ~.u~,.i.-.-- of ",i. Agreement, Section S.~ l-enection of ~ end ~ R,.h pashas thex~,httohspect, atnmsoabletin~, tbe books and ~ of the: ' other Fi-i-g to the She as pertinent to the purposes of this ~ upon 24 prior hours written notice to Participant. Section 6.1 Defaults - General A. Subject to the ex.--,~ns of "-~ set forth in Section 5.3, failm~ or delay by either party to perform any term of ~.u,,i~-n of "~{. Agreement constitoms a default ,mdm- th~ Ag~eexnent. A party claiming a default (claimant) xlmll give wxinen notice of default m' the other party, specifying the default complained of. B. TIE dalm..t s~m]l not termlnn,~ ~ .~..__ent punuant to Section 6.7, ingrate proceedings against the other party nor be entitled to damages if the other party within fourt_~n (14) days from x~ of such notice imm~lint~ly, wfih dtl~ dl'ligeace, commences to cuxe, correct Or mlzdy such failul~ Or Aol.y mid shall compk2 m~ culT., conection Or xunedy w~e,i- tidny (30) days flora the daXe of xeccipt o~such notice. S-~-h poriod of default. In the event the defm~ is caused by the act Or omkd,~ of a lessee d the for con~,.-ce with the terms of the, Agxeement ,.d Participant is diligently punuing in ~.:~x~27.9 x.~ .wa u. sm -21- 6.2 det~inedbytheCouzt'sjudgmmt, dsube,",,"d~toressmmblesm~neyfeesand B. A~licable T nr ThehwsoftheS~eofCalifemia,hiugevemthe~sndedoEem~of this A~emem. 6.3 l~i~st~ and ltsmsdi~ Art Cmnnl~4ve Section 6.4 Tn~.etion Not a Waive' of Default Any failuzts or delays by either party in Userthg any of i~s zights and x~nedies as to any default ~hnll not oper~ as a waiver d any t4dm,lt ~ of any such zighis t~ xtmedies, ~ deprive either such patty of its ri~ to institute and maintain any ~ erlm~edin~ which it may deem necesssry to ~o~-t, asseRorenfm~any suchzi~htsorxtmedies. Section 6.5 Dama~s If a default is not futly tnn~i by the dd2ulting pasty as p,,,ided in Section 6.1, the defaulting party shall be ~=h~e to the other patty for any damages caused by such defanlt, and the nonde~-lling patty may thamfl~ (but not before) amm~e an action for damages _Se~__!on 6.6 Sl~N:ific Performsnee If a defn,,lt uncla this Ags~ement is not f~ly atted by the defaulting party as provided in Section 6.1, the nondefm,lt~ng party at its option may thereaf1~ (but not befmz) commence an action for spedtic performance oftruns oftiris Agxunmt. Assst M. ms -22- amo~ of the intezut paid m depmits in tlz Local AZency lnvenznt Fund of the S,,M of Cslifomia d,,,i,,S ltz period IM IMnkitnnt ~4d tl~:fimds~ in ~ case this Agrmment shall be n~i~d~! in in enfi~. B. Termlrm~on by the Aoo~y Prior m the close of the finsncing f~,, the F2t~a FsL-nl,i~, e~ the Public lmpravements, wbicbeveroccun~nt, theAgencymzyter,,,~m.e~,Agzmmentandia obfigations thereunder (subject m Pangraph D below) for any of the following reasons: C. Pmcedtrm for Tc.,,inalion In order to tm-~{,,nM th{, A~ prior to conveyance of the Site to Pailkilt fur any ,zasou set forth in Paragraph A or B above, the party proposing Io tm,..in'M Shsll deliver wxitten notice of its intmt m do at b.,,~ ~ (15) days prior to the lxoposed d,M of t~min~ion and stating t!~ xzasons for l~nnination. The party ptolx~n_~ m tmn;-,,- the Agreement may withdnw the ~ ~ m enctnd the e~feclive tint. aZ any ~m~ 1~'io~ to t~e e~fective date of the mnnimfion. D. Conseqllences of T~, minalion ~126427.9 k Aimms 11. 1995 ,~, pmzdmtenorbdotcAngust31, 1996: Bypass C~h:dm., to liz muonable ~tlefs~tinn of Pmicipant; under this Agszement, erazpt for (i) andconslruc~oncostforthePublieT~asn~zepanjnthtiydesml~edinSeetj~n 4.2.G. ~ continue in full foz~ and effec~ 0i) Pazlicipett shall mtun the sem~,mt, if ally, provided to Participant by Agency unda Seed_on 4.2 with intaest in the amount of intetut paid o11 deposits in the Local Age/Icy Invesl/neat FuDd of the ~ of f~li~ dm'{ng the period the Participant held the funds, Cdi) the in,i,.mnifi-~tlnn Zau,iSiOnS Of Section 2.4.A. and B., and (iv) such other provisions as aze intended to survive lamination of the Agreement. Notwithstanding the foregoing, Participant shall have all of its avon,hie zights and remedies under t!~ Agreement, at hw or in cquit'y in the event l~ lzrminates this Agreement as a result of an AgencT's de~nnlt in ~ pel~}zl~!z]t~ Of ally mnts~nl obligations under this AgzeemenL ARTICLE VII ~ PROVISIONS Section 7.1 Subm|e~ion of Doeume-L~ to the Aseney for ~j~-o~! Whenever this Agreement xequites the Particilmnt to mbmit plans, dntwings e~ other documcnts to the Agency fat approval, which shall be deemed apptoved ffnot acted enby the Agency within the specified time, said plans, drawi~_ee or otizr doaunenU shall be a~companied by a letter s~tlng that they ate being SubmlmN4 and wal be tleen~ apptoved unless rejected by the Agency within thc sta~d tin~. If the~ is no tizn~ specified heron for such A~en~y action, th~ Participant may submit ~ len~r mt.i~ng ~ approval ~ L~C2:i2rd27.9 ~ Asps Sedion 7,~ RNml l?.emte C. mmnk,,don _S,~_ima 'Y3 ~,,dh,e Asm,*m~- Wmlves a, General hxdQ but not ~ to the MPmnr~.,h-- Of U-d~,"-.'~ between ~ lanuat7 31, 1~. T!z MemOX=ndnm Of Und**as-.Hing between the pat~ ,4!__*~ January 31, 1995 is bead~y termin-t,,,4 asl oleo father fozce ,,,d effect. C. All nm,.-dme-tS hereto must be in v/dd-E executed by the appmpyi~ authorities of the Agency and the hzticipant. Section 7.4 Time For Aee~ptance Of At, rem~ent Bv Atmmv This Agreement, when executed by the Participant and ddiv~ m dz Agency, must · be authorized, executed and delivered by the Agency on or IP-jom thirty (30) days aft= d~ning and delivery of thi~ Agreement by Participant or this Agzeement shall be void, except to the extent that the Participant shall consent in wd'dng to a further extms~ of time for the authorization, execution and delivery of t~i_~ AF~menL The d~t~ of this Agreement shall be IN wx-ix,ilSS ww,,:w.F, OF, lira ~ency and the Pm-ticilmani h,uve sieoned ,hi~ ,~reemen~ as of the dam fn"sl wrtiXen above, P~E~'ELOPI~q~s~]T AGI~IQi' OF ~ C1TY OFTEMF_L'ULA RON~x n J. PARKS JUNE S. G]~r Secretmy APPROVED AS TO FORM: P~r,~K M. THORSON General Counsel T.Z.B.G, INC. x..,,u:x~v.9 F--,. ~ u. x~ -26- ALT~~ A~ :x NOWI Siaxe of Califsnia ) COt~lty Of Kiverside ) 011 August 16 . I.Q9~, ~ { Susan W. Jones 2~mc2fed Zev Buf[-~-- V~xmess my band snd o~4-1 seal. BY SIG14I~ [] n','DTV~DUAJ,(S) President E] [] [] [] [] E] A~TORN~Y-IN-FACT TRUSTEF~S) SUBSCRIBUqG WITNESS GUARDIAN/CONSERVATOR OTHER: SIGNER IS REP~-~ENTING: Name of pea'son(s) or T.Z.B.G., Inc. x.~x~v.9 x~,.,-,. ~ u, xsss -27- ALL-PUP. PO~B ) ) ,l,m,muy [] person(s) ac2d, e2nmst t12 insmxmmt. W~m~s my hand s~d ~,! seal. SXGNATURt OF NOTARY [] [1 n,,XDrv'~UAL(S) o~-lcu(s) (Trr,-_,E[s]): CAPAut'x-f CLATke~-n BY -m'ONt~ [] [] [] [] [] [] PARTNER[S) ATI'ORNEY-IN-FACT TRUSTEE(S) SUBSCRIBING WITNESS GUARDIAN/CONSERVATOR Chairperson SIGNER IS REP~G: Nan~ of penon(s) or entityCxes): [] [] V~m~e my lind ~md ~,-;.1 seal SIGNATT, TI~ OF NOTAI~.Y [1 [1 m-Dr,,muAL(s) om~:,,~(s) ~TL~S]): CAPA,',-x-f e~x ~k~:n BY SIGNER [) [) [) [] [] [] PARTNER(S) ATTORNEY-IN-FACT TRUSTEE(S) SUBSCRIBING W1TNF_,SS GUARDIAN/CONSERVATOR O~: SIGNER IS REP];~:-~ENTIN0: Name of pcnon(s) or c~ti~Cles): ) ) [1 [l person(s) acted, exectned the V~m~ my innd snd ~ ssmL [] [] n~onnDua(s) OFl:Ztm~(S) (Tnzr:[s]): SIGN~TUR~ OF NOTARY BY [] [] [] [] [] [] PAR~S~ ATTORNEY-IN-FACT TRUSTEE(g) SUBSCRI3ING WrrNBSS GUARDIAN/CONSERVATOR OTHBR: SIGN'ER IS REPRI, SENTIlqG: Name of person(s) ~r ~=ltityCxes): [] [1 lm-scmllyksxmmlo,,,~-Ol- p,~,v~d m m~ca lt~bssis~f sSlda,~7 evidm~ Iobe ds~immxm(s) wlx~mu2(s) is/aresubscn'bedmd2witinimmmmissistmwlmtSmtioa2tbSi2Ysl2/they ~,-,,,.-~(s) oa the b:smsmeS the Fenon(s), s the emily ulxm i,~h-:r Of wbkh the pe~on(s) acted, executed the ismzumem, Wimm my band snd o~,,{ smL SIGNATURE OF NOTARY s~ ~ co~vwo~ us~ ~ EXHIBIT NO. 1A T.I?GAT. D~C~:s P'J,'xON OF Approved by: AGENCY: By Mauus~rNO. 3 Tn~,-x-aON OF PUBTJC 1MFROVlPJVII~N's~s 1. pmov.~onma'~q)me~onofOMTownFn'stSUet'nridSe: _ ';~,_ ~,,el,,dse. GiLT d Temecuh, U.S. Army Corp ~ ~M~t, California ~ of Fxsh and Gang, U.S. Depamnes ofFuh and Wnd Lit. Riverside County Flood c. Final d,~n and ~ of faa~ks as said desiSn is ..i,p-,,,ed by the reviewing q,,..,~,.~ t; ;.,,..s..a.. Fsrst Sneer from i. lah-,~-c~m with Front Street to 2. Old Town Gateway T ~nd.,-~,in~ Prolea: a. Provide trees and other |,,-def"'~Z,,'ing along tl/e w--u/..~ie of Front Sneer between Front Street and (Mm4,,4n Creek) from Rancho ClzlLt-omia Road to b Post Office. Str~ m~ phcement shall be in confonnancz with the Old Town Specific Plan. b~ Plan as ,xppxu,~ed. 3. Old Town Demonstntion Block includhl/the Front Street F,~zt Strict Reconstruction. Mi~cel!~neo-q Street Iml~rovements: a. The am of improveram shall include First Street and l~nl- b. Provideaamcepmalduignndsub~toPlanninlX-parunmf= Con.vmxa and in~W the t~,nd~ping in 'k,~,~anc¢ with ~x~xa427.9 Fee Ames u, zm -33- iL b,m~.. alli,,Smemlc~,~..-.-,,,--wittbeOldTowu 4. Old Town Sewer Irnp'ovmnmxtr a, _l:MM,rm;,,,- treed ou t~ ~ ~,,,, "Old Town ~ 1~,,,," aud Wcmid~ SpeciS: Plan, ~_h,,... tb.,~ F,,~, F~m time b.,,S,,,, of ~ ud b. laxumltw~xcIw~mtm~c"w"~uMnnici~Wal~DisUiX(E3~'D) and the C~'ty for x,,-view and qmlmmval. d. Ob~in any fight-of-way t~nt may be ncccua~ to con,m-tn said improvements. c. Coum~ said ~ts to the ~,H,~ction 5. Old Town Water System: a. Det~,,,ine, based on tl~ lya.m,,M Plan "Old Town Spe~c Plan", Westsid~ Specific Plan and the Entertainment Facilifi~, the location of exi.Vting v~ SyStCl~, the fleetied II])gmmdln_o, ~ Deeded/low b. Ptuent the x,~port to Rancho c'~lifornia Wnwf, City and Fke Marshall forrevi:w. agencY. of Fxsh and r,.~, sad ~ 7. Main Street Bri(Loe 8. Sixth Sm~et Ps,~2 i~ts owns at Sixth Smut and Front Sum. 9. Main Street ~des ~qd non-confoimin2 sign z=mov~l a. Implement a program for assisUmce ~o ~,i~inm'y and b,,~n~ owners . for the impxoven~t of fand,q and the removal of non-conforming si_~ns. LAX2:I2~427.9 Fad: Aelua C~TIFICA~E OF COMPLETION THE REDEVELOPMENT AGENCY OF ~ CITY OF TEMECULA DOES m~ay F2~D, D~--t~IINE AND DF.~-A~- T~AT: Temeada .',sency' (' ) E~hlhit "A" which is .tmph~ ~ an~ izg~u~pomlzd by tiffs l~ference; and shn, be in such form as m permit it m be reeorded in the Reconter's ~ of the Rivehide County; and C. Punuant to said Agreement such cenificaU shah be conclusive d,-~-,'mi,,,,.,'-t : of sv.,~y completion of the Public ~...p,~nen~s requix~ by tl~ Agx~mn~ and D. The Agent7 h=, c~..hsively ~.-;..~i,,,.~ that the construction of the Public Improvements have been ~i.~--.orily comp!__e~__ as x~quired by the Agxeement. 2. As provided in said Agr~.ment, the Agency does henby certify that the construction of the Public Improvements as n~luired by the Agreement have be~n fully and spt~p, ctr,n'ly completed; 3. This Certifica2 of Complelion does not mnsfitu~ evidenee of eompainnt'e with or satis/action of any obligation of ti~ Participant to any holder of any deed of Irust m the ~ This Certificate of Completion is not a notice of completion as r~en~l W in Section 3093 of the Californi~ Civil Code. 4. Nothing contained in this instrument _~hsll modify in any other way any other provisions of said Agreement IN ~ wnex!~F, ~e A2en~ Ins executed ~h Ce~,- as of lzl~n~PMENT AGENCY OF ~ CITY OFTEMECULA By:. A'ITIr..ST: 3Tj'N'~ S. Seczetary APPROVE) AS TO FORM: PETER M, THORSON Gcneral Counsel [l [l executml t!~ same in his/hedtheir ..~..H...d cspacby('-..~), sad dm by his/her/their ~--.~(s) m th~ instrmnmt the penon(s), or Ih~ entity upon behalf of wh:zh th~ penon(s) ~ exe,:m~ the W'm~ssmybm~dsndc~fichls~aL SIGNATURE OF NOTARY [] [] n~DrVtDUAL(S) OFFICER(S) aS'D: CAPALa-x-x' ~ BY SI(]buns [] [] [] [] (] [] PARTNER(S) ATI'ORNEY-IN-FAC"T TRD~-A~.(S) SUBSCRIBING WITNESS GUARDIAN/CONSERVATOR OTlm~: SIGI~x IS R]~P]~=-~'~:NTHqG: Nan~ of penon(s) or endtyros): ARTlet _1. l Sect jan 1.1 Seelion 1.2 Section 1.3 Section 1.4 A. Section 1.~ Section 1.6 ARTICLE H Sec~on 2.1 Section 2.2 Section 2.3 Section 2.4 Sec~on 2.5 Section 2.6 Section 2.7 Section 2.8 Sect{on 2.9 Section 3.1 TA~T.I~. OF Mmnarmmmt IZa{ ~ Of ~ . . . Conn~Docummlz ........... DEVELOPMENT OF ~ ~ . . . ~i~ ~ ~ ......... ~, S~ ~ F~ ~ .... ~ .... ~*~ of ~ ............ U~ OF ~ ~1'1~ ................ 2 '2 3 3 4 4 · · 4° ... 6 ... 6- .. 6' 8 8 .. 8 9 ... 10 ... 10 3.7. Seaion 3_*3 Seaion 3.4 Section Section 3.6 Set:tim 3.7 Sec~n 3.8 Section 3.9 Section 3.10 ARTICLE/V Section 4.1 Section 4.2 Section 4.3 Section 4.4 Section 4.5 Section 4.6 Section 4.7 ARTIt'~.~ V Section 5.1 Section :Pmj~t Name m ~ "Old Town Tetss:uh;" Adv~,,=oofGen~nll~ms ...................... 10 ~ .......:-~ ~ ~ ~ ............... 10 m~~N~~ .................... 10 ~ .................... ~ ............. 10 ~s~ :~:n ......~ ~ ~ ~ ................. I1 O~T~~~ ......................... 11 ~G ~ ~ ~C ~0~ l~e.~pon~,'.ni.,.s Fez F'mas~ing ~n~.~ Fn~ ~ ~ ~ ................... 14 W~~~t~ .......... · ......... 16 ~z of ~ ~ by ~ ~ 16' U~ ~e U~ ~ ~ · 16 ~t ~t ~ ~ of ~ ~ S~~F~~m ................... 17 ~~t of ~ ~d ~ ~ ~ ~O~O~ ......................... 19 ~ .................................. 19 ~ni~of~ ............................. 19 Section Section 5,4 Sec:tianS.5 ARTICI. X VI Section 6.1. Section 6,2 A. B. Section 6,3 .~cclion 6,4 Section 6.5 Section 6.6 Section 6.7 B. C. D. ARTICLE VII Section 7.1 Section 7.2 Section 7.3 Section 7.4 InactionNotaWsiveraf~ ...... Specific Pe.,fu,.,,m~ ............. FmsncinS .................. Termination by the Participant .... .. Termlrn~fion by tl~ A2ency ....... Prc, c~___ux'e for T~,.,.inafion ........ Consequences of T~u,inafion ...... SPECIAL PROVISIONS ......... Submission of Documents m the Agency for 19 20 20 20 20 21 : 21 21 21 21 21 21 Real Estate Comm'~v~elon .......................... 23 Entire Ag:teanent, Waiven & Genentl ................. 23 Time Ft~ ~ Of ~ By Agency ........... 23 ITEM NO. 2 TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: FROM: DATE: SUBJECT: Members of the Redevelopment Advisory Committee Ronald E. Bradley, Executive Director ~ August 29, 1995 Appropriation and Authorization to Release Funds for Old Town Specific Plan Billboard Sign Lease Prepare By: David W. Hogan, Associate Planner RECOMMENDATION: It is requested that the Old Town Redevelopmerit Advisory Committee review, and recommend approval of the request by the Old Town Temecula Mainstreet Association to provide $15,000 for the Old Town Specific Plan Billboard Sign Lease. BACKGROUND: In February 1994,the Council adopted the Old Town Specific Plan. One of the implementation programs of the Plan was the provision for freeway oriented signs to announce the location of Old Town to travelers along Interstate 15. The Specific Plan expected that the Agency's role funding these signs would stop after four years. The levels of support in the Specific Plan to help publicize Old Town are shown below. Fiscal Year 1993-94 Fiscal Year 1994-95 Fiscal Year 1995-96 Fiscal Year 1996-97 After Fiscal Year 1996-97 $12,000 $20,000 ~15,000 7,500 0 Approval of this request would support the promotional activities of the Old Town Temecula Mainstreet Association (OTTMA). The Agency has previously approved requests in October 26, 1993 and October 11, 1994. Previous requests provided two freeway-oriented signs through August 1, 1995. The OTTMA is currently requesting $15,000 to provide a single south-facing sign between August 1, 1995 and August 1, 1996. Attachments: 1. Proposed Billboard Sign Lease - Page 2 R:\REDEV\SIGN02.0TA 8/22/95 dwh ATTACHMENT NO. 1 R:\REDEV\SIGNO2.OTA 8/22/95 dwh 2 ORDER FOR PAINTED BULLETIN DISPLAY CUST. NO. 277B 242 wc~t main axrcci. suite 101 * t~tin. ca 99t~0 w (714) 83~-9026 * fax C/X4) 730=5461 dams advertising, inc. Advertlair Old Town Merchan~;S Aseoc, C~nffact No. ~e~y None D~ Pr~uct Temecula Herchats A~Boc. 5~ D~, P~n~ ~n~ly One (1) ~ita~on D,te 016-1458 May 10, 1995 AUgUSt 1, 1995 AulufUSt 1, 1996 Tl~....J~..signedhemzby m~Jxorizn aml ;.-e~ct ~ Mv~g, ~ ~ ~ far ~h ]~ U iMi~.W~ ~ ~ ~ ~ ~eh!y ~t ~ ~ o~M~.~ifo~ ($ ~575.00 ) ~e ThouBand Ytv~ ~ ~I~ ~1~ ~ hw~ ~y of ~ U~ S~-~ ~ ~ ~ Six Ad~g. ~ liqt,~h~ ~gm h ~ '~ of ~gh~ ~ (18 ~) L~ON D~ON ~Az~ SI~ P~ P~ MO~ Bo~d NO, 016-1458 Yes 12'x 36' $1575,00 Net Interstate 15 wes~llne ,6 ~ south of aancho Cd. Pace South Temecul= ~ ~t ~ ~ ~ pi~d~. ~ ~ ~ ~i~ m A~ Adv~l, ~. ~ ~ ~ o~f (1~) ~ m ~ f~ ~ or~ ~1 ~w i~f for ~ (1) y~ ~ ~ ~ ~ ~ ~j~ m a ~w ~s (5%) Adv~ ~ a~ ~ ~ ~ ~ ~ of ~ d~, ~, ~ ~li~, Agent: By: AUenlion: Company:. Old Town Mer0hont~ A.qsoc. Addr~: 30291 Via Brisa Tele~honeNo.: (909) 699-3550 ChySt~t~Zip: Temecula, CA 92592 FsxNo.: (909) 676-3161 ITEM NO. 3 TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: FROM: DATE: SUBJECT: Members of the Redevelopment Advise_.4 Committee Ronald E. Bradley, Executive Director August 29, 1995 Planning and Building Fee Reimbursement PREPARED BY: Craig D. Ruiz, Assistant Planner RECOMMENDATION: It is requested that the Old Town Redevelopment Advisory Committee provide comments on the following: (1) Recommend Authorization and Appropriation of $30,000 from the Redevelopment Fund Balance for Planning and Building Fee Reimbursement for Structures on the Old Town Local Historic Register and participants in the Facade Improvement Rebate and Non-Conforming Sign Removal Programs. DISCUSSION: The Old Town Specific Plan (OTSP) was approved in February 1994. Protecting the cultural heritage and historical architectural resources found in Old Town is part of the overall goal for the re-vitalization of Old Town. To achieve this goal, the OTSP provides incentives to building owners to maintain, preserve, and improve their properties. One of the incentives granted eligible property owners is the waiver of building permit and planning application fees. Eligible properties would include those properties placed on the Old Town Local Historic Register and structures participating in the Facade Improvement Rebate and Non-Conforming sign removal programs. FISCAL IMPACT: No money has been appropriated for the reimbursement incentive. To spend funds on these activities in this fiscal year, it is necessary to appropriate $30,000 from the RDA Fund Balance. A new line item will need to be established in the Redevelopmerit Agency's budget. R:\MAINST\REIMBURS.OTA 8/24/95 cdr ITEM NO. 4 TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: FROM: DATE: SUBJECT: Members of the Redevelopment Advisory Committee Ronald E. Bradley, Executive Director ~/ August 29, 1995 Design of Western Style Logo for Old Town PREPARED BY: Craig D, Ruiz, Assistant Planner RECOMMENDATION: It is requested that the Old Town Redevelopment Advisory Committee do the following: ( 1 ) Recommend Authorization and Appropriation of $8,000 from the Redevelopment Fund Balance for Design a Western Style Logo for Old Town BACKGROUND: The Old Town Specific Plan (OTSP) states that the City should adopt a logo for Old Town. The logo is intended to help create an easily recognized and distinctive town image. The logo will be used on various streetscape elements, such as the gateway sign, street signs, and intersection paving, as well as merchandising and advertising. As recommended in the OTSP, staff intends to distribute a request for qualification to graphic artists to prepare an appropriate "western" style logo. FISCAL IMPACT: No money has been appropriated for the Old Town logo. To spend funds on this activity in this fiscal year, it is necessary to appropriate 88,000 from the RDA Fund Balance, to Account No. 280-199-999-5250. R:\MAI~ST~OTLOGO,OTA 81~3195 cdr