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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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Last modified
2/13/2025 4:01:36 PM
Creation date
1/23/2025 3:17:46 PM
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Recorded Docs - Type
Agreement
Subject
Development Agreement
Doc Num
2025-003096
Rec Date
1/23/2025
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Developer's right to protest and/or pursue a challenge in law or equity to any new or increased <br />Processing Fees, City may charge and Developer agrees to pay all Processing Fees which are in <br />effect on a City-wide basis at the time developer applies for permits, approvals, or entitlements. <br />H. Other Agency Fees. Nothing in this Agreement shall preclude City from <br />collecting fees from Developer that are lawfully imposed by another agency having jurisdiction <br />over the Project, which City is required to collect pursuant to Applicable City Regulations, State <br />or Federal Law. <br />Section 5.2 Taxes and Assessments. Developer covenants and agrees to pay prior to <br />delinquency all existing taxes and assessments and any and all new taxes or assessments that are <br />adopted after the Effective Date and which conform to the terms of this Agreement, including this <br />Section 5.2. As of the Agreement Date, City is unaware of any pending efforts to initiate, or <br />consider applications for new or increased special taxes or assessments covering the Property, or <br />any portion thereof. City shall retain the ability to initiate or process applications for the formation <br />of new assessment districts or imposition of new taxes covering all or any portion of the Property <br />in accordance with the Applicable City Regulations, but only if such taxes or assessments are <br />adopted by or after Citywide voter approval, or approval by landowners subject to such taxes or <br />assessments, and are imposed on other land and projects of the same category within the <br />jurisdiction of City in a reasonably proportional manner as determined by City, and, as to <br />assessments, only if the impact thereof does not fall disproportionately on the Property as <br />compared to the benefits accruing to the Property as indicated in the engineers report for such <br />assessment district. Nothing herein shall be construed so as to limit Developer from exercising <br />whatever rights it may otherwise have in connection with protesting or otherwise objecting to the <br />imposition of taxes or assessments on the Property. <br />Section 5.3 MMRP Fair Share Contributions. As set forth in Section 8.8 below, <br />Developer is required and agrees to comply with all mitigation measures adopted as part of the <br />Project Approvals, including but not limited to designing and installing, to the extent applicable, <br />upgrades to the water system, sanitary sewer system, stormwater system, and installing an <br />extension to the City's recycled water infrastructure. Specifically, as provided by the DTPP Plan - <br />Wide Amendments MMRP adopted by the City Council in connection with the DTPP SEIR, and <br />to the extent applicable, the Developer shall be required to bear the cost of the design, constructing <br />or installing these upgrades and improvements, including but not limited to the installation of <br />recycled water supply pipelines with sufficient recycled water capacity to provide for all of the <br />Project's recycled water demands pursuant to City standards, and may be reimbursed by <br />subsequent development projects within the DTPP area to pay the fair -share contribution for any <br />costs of constructing or installing the required improvements that benefit the subsequent projects. <br />Without limiting Developer's obligation to pay all required contributions, Developer agrees to pay <br />the following fair share contributions required to mitigate impacts pursuant to the DTPP SE[R. <br />Section 5.4 Offsets and Credits. In the event an assessment district is lawfully formed <br />or a similar mechanism is created to provide funding for services, improvements, maintenance or <br />facilities which are substantially the same as those services, improvements, maintenance or <br />facilities being fielded by the Impact Fees and/or fair -share contributions identified in Section 5.3 <br />24 <br />ATTY/AGR/2024.193 - GATEKEEPER DA -1900 BROADWAY <br />REV: 10-22-24 VR <br />
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