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Ord. 2547
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Ord. 2547
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Last modified
6/10/2025 11:37:54 AM
Creation date
6/10/2025 11:35:15 AM
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CC Index
CC Index - Document Type
Ordinance
Meeting Type
Regular
Date
5/12/2025
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for a total term of ten (10) years (“Extension Option 3(B) Term”) if Developer has received <br />approval of and has recorded a Parcel Map pursuant to the VTPM and any agreements required as <br />part of the VTPM approval, including but not limited to agreements related to landscape or <br />property maintenance, stormwater treatment, subdivision improvements, and public access, at the <br />time the extension request is made. <br /> 4. Extension Options Not Cumulative. The Parties agree that <br />the Extension Option 1 Term is not cumulative with Extension Options 2(A) or 2(B), or Extension <br />Options 3(A) or 3(B); in other words, the total Term of the Agreement (including any extensions) <br />shall not be longer than ten (10) years. <br /> 5. The City Manager has the authority and discretion to <br />determine if the Developer has satisfied the respective extension criteria and upon making a <br />determination in the affirmative, shall grant the extension options offered under this Section 3.2.B. <br /> C. Extension Request Procedure. If the Developer desires to request <br />any of the extension options under Section 3.2.B, the Developer must submit a request in writing <br />to the City Manager requesting the extension at least sixty (60) days prior to the date that the Initial <br />Term or Extended Term would expire (“Extension Request”). The Extension Request shall <br />include documentation demonstrating that relevant extension criteria as set forth in Section 3.2.B <br />have been satisfied or will be satisfied prior to the date that the Initial or Extended Term otherwise <br />would expire. <br /> D. Force Majeure Delay. Subject to the limitations and notice <br />requirements set forth below in Section 3.2.A.1, the Term of this Agreement and the time within <br />which either Party shall be required to perform any act under this Agreement may also be extended <br />by a period of time equal to the number of days during which performance of such act is delayed <br />unavoidably and beyond the reasonable control of the Party seeking the delay by Force Majeure, <br />and as unforeseen at the time this Agreement was executed by the parties. For purposes of this <br />Agreement, “Force Majeure” is defined as strikes, lock outs, and other similar labor difficulties; <br />Acts of God; unusually severe weather, but only to the extent that such weather or its effects <br />(including, without limitation, dry out time) result in delays that cumulatively exceed twenty (20) <br />days for any winter season occurring after commencement of construction of the Project; changes <br />in local, state, or federal laws or regulations; any development moratorium or any action of other <br />public agencies that regulate land use, development, or the provision of services that prevents, <br />prohibits, or delays construction of the Project, including without limitation any extension <br />authorized by Government Code Section 66463.5(d); or enemy action; civil disturbances; wars; <br />terrorist acts; epidemic; pandemic; quarantine; fire; unavoidable casualties; unforeseen <br />environmental conditions of the Property that trigger statutory obligations to cease construction <br />(such as the discovery of a leaking underground storage tank); or mediation, arbitration, litigation, <br />or other administrative or judicial proceeding involving the Project Approvals or this Agreement, <br />including without limitation any extension authorized by Government Code Section 66463.5(e) <br />(each a “Force Majeure Delay”). Developer’s inability or failure to obtain financing shall not be <br />deemed to be a cause outside the reasonable control of the Developer and shall not be the basis for <br />a Force Majeure Delay or any other excused delay under the terms of this Agreement. <br />ATTY/ORD.0002/CC ORD APPROVING DEVELOPMENT AGREEMENT (901 EL CAMINO REAL) - EXHIBIT A <br />REV: 04-23-25 VR <br /> <br />Page 23 of 336
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