Ord. 2547 - Laserfiche WebLink

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ARTICLE 1. GENERAL PROVISIONS.................................................................................... 7 Section 1.1 Property Subject to the Agreement. ............................................................ 7 ARTICLE 2. COMMUNITY BENEFITS .................................................................................. 8 Section 2.1 Community Benefits Obligations ............................................................... 8 Section 2.2 Affordable Housing .................................................................................... 8 Section 2.3 Teen Center/Multi-Purpose Space ............................................................ 12 Section 2.4 Other Offered Public Improvements; JPB Land Exchange ...................... 14 Section 2.5 Sales Tax Point of Sale Designation ......................................................... 15 Section 2.6 Union Labor .............................................................................................. 16 Section 2.7 Local Vendor Preference .......................................................................... 16 ARTICLE 3. EFFECTIVE DATE AND TERM ...................................................................... 16 Section 3.1 Effective Date ........................................................................................... 16 Section 3.2 Term .......................................................................................................... 16 Section 3.3 City Representations and Warranties ........................................................ 19 Section 3.4 Developer Representations and Warranties .............................................. 19 ARTICLE 4. DEVELOPMENT OF PROPERTY .................................................................. 20 Section 4.1 Definitions................................................................................................. 20 Section 4.2 Vested Rights of Developer ...................................................................... 21 Section 4.3 Reservations of City Authority ................................................................. 21 Section 4.4 Regulation by Other Public Agencies ....................................................... 22 Section 4.5 Life of Project Approvals; VTPM Conflicts ............................................. 22 Section 4.6 Initiatives................................................................................................... 22 Section 4.7 Timing of Development ............................................................................ 23 Section 4.8 Changes in the Law ................................................................................... 23 Section 4.9 Sanitary Sewer and Potable Water Capacity ............................................ 23 Section 4.10 Conditions of Subsequent Approvals........................................................ 23 Section 4.11 Sets of Project Approvals and Applicable Law ........................................ 24 ARTICLE 5. FEES, TAXES, AND ASSESSMENTS ............................................................. 24 Section 5.1 Developer Impact Fees ............................................................................. 24 Section 5.2 Taxes and Assessments ............................................................................. 27 Section 5.3 MMRP Fair Share Contributions .............................................................. 27 ATTY/ORD.0002/CC ORD APPROVING DEVELOPMENT AGREEMENT (901 EL CAMINO REAL) - EXHIBIT A REV: 04-23-25 VR Page 2 of 336