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Res13 15289
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Res13 15289
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Last modified
10/11/2019 7:50:19 AM
Creation date
10/11/2019 7:49:52 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING, AND AUTHORIZING THE CITY � MANAGER TO EXECUTE, A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND REDWOOD CITY PARTNERS, LLC FOR 950 MIDDLEFIELD ROAD
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3.10.2 Return of Funds and Documents. Within seven (7) days following <br /> receipt by the Parties of a settlement statement from the Escrow Agent of cancellation charges <br /> regarding cancellation of the Escrow and the Title Policy order, if any: (i) the Developer or the <br /> Escrow Agent, respectively, shall return to the City any documents previously delivered by the <br /> City to the Developer or the Escrow Agent regarding the Escrow, (ii) the City or the Escrow <br /> Agent, respectively, shall return to the Developer all documents previously delivered by the <br /> Developer to the City or the Escrow Agent regarding the Escrow; (iii) the Escrow Agent shall <br /> return to the Developer any funds deposited into the Escrow by the Developer, less the <br /> Developer's share of any customary and reasonable cancellation chazges of the Escrow and Tide <br /> Policy order, if any; and (iv) the Escrow Holder shall return to the City any funds deposited into <br /> the Escrow by the City, less the City's share of any customazy and reasonable cancellation <br /> chazges of the Escrow and Title Policy order, if any. <br /> 3.11 Escrow Notices. All notices and communications from the Escrow Agent to the <br /> , Parties shall be given in the manner provided in Section 8.5 of this Agreement. <br /> ' ARTICLE 4 <br /> PROJECT DEVELOPMENT <br /> 4.1 Precise Plan. The Site is located within an area covered by the recently-adopted <br /> Precise Plan and is subject to the terms and conditions of the Pazking Covenant and Agreement <br /> (Exhibit I). The Site shall be developed by the Developer with a mixed-use retaiUcommercial <br /> project as set forth in the Scope of Development(Exhibit H). <br /> 4.2 Submittal of Plans, Drawings and Related Documents; Scale Model of <br /> Projec� Prior to approval and execution of this Agreement by the Parties, the Developer <br /> prepared and submitted to the City, and the City approved a Schematic Design package for the <br /> development of the Project on the Site. Within the time set forth in the Performance Schedule <br /> (Exhibit D), the Developer shall prepare and submit to the City a 1:50 scale model of the project <br /> as defined by the Schematic Design package; provided however that Developer shall not be <br /> required to expend more than Eight Thousand Dollazs ($5,000) to produce such scale model. <br /> The model sha11 be constructed of balsa wood or other material acceptable to the City that shows <br /> suff'icient detail of building articulation and the buildings' relationship to on- and off-site <br /> improvements, such as street trees, curb, gutter and sidewalks along Middlefield Road and <br /> Winslow Street to include the base improvements necessary to create traffic improvements at the <br /> intersection of Winslow and Hamilton Streets. <br /> The Developer may also prepare and submit a Design Development package and <br /> shall prepaze and submit a Construction Document package to the City for review and written <br /> approval as and at the times established in the Performance Schedule (Exhibit D). All design <br /> submittals will include on- and off-site improvements at a comparable level of design <br /> completeness. Off-site improvements include curb, gutter and sidewalk, street trees, street <br /> lighting, as well as all utilities. If prepared, Design Development plans and specif'ications shall <br /> provide greater detail (from Schematic) of materials, methods and the inter-relation of the <br /> building construction. Construction Document package shall be in suff'icient detail to obtain a <br /> building permit. <br /> 28 <br /> 2013.118/BLOCK 2 HUNTER STORM <br /> REV:07-26-13 PT <br />
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