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Agmt99 Pacific Shores Center
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Agmt99 Pacific Shores Center
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Last modified
8/28/2012 3:04:06 PM
Creation date
8/28/2012 3:04:01 PM
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Agreement
Contractor Name
Pacific Shores Center
PROJECT NAME
Development Agreement for Pacific Shores Center
RMP File Number
304
Date
10/26/1998
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the procedures governing creation of a District. Pacific Shores consents to formation of the <br /> District and to assessments or ta�ces ratably allocated to the Project Site by the District. <br /> Pacific Shores agrees to have all of the Parcels included within the District. Pacific Shores <br /> agrees to cooperate with and use its best efforts to assist City in the formation of District and <br /> District's performance of its responsibilities on behalf of City. If permitted by law, the <br /> District may also provide for the long-term operation and maintenance of the lighting and <br /> landscaping included in the Seaport Boulevard Improvements, and property owners other than <br /> Pacific Shores may be participants in the District for purposes of operation and maintenance, <br /> even if not included in such district for purposes of construction. In the alternative, City may <br /> cause to be formed a landscaping and lighting maintenance district for purposes of ongoing <br /> maintenance of the landscaping and lighting included in the Seaport Boulevazd Improv�ments, <br /> with participation by Pacific Shores and other property owners benefiting therefrom. <br /> (b) Pacific Shores may, by agreement with City through District, design and <br /> construct the Seaport Boulevard Improvements, and reimbursement shall be made by District, <br /> in such event, for the reasonable costs of constructing such of those facilities designed and <br /> constructed by the Pacific Shores, including all design and engineering costs, in accordance <br /> with applicable state law. � <br /> (c) Once constructed, the City shall, subject to City Council approval, not <br /> to be unreasonably withheld or delayed, accept dedication of the Public Facilities and, subject <br /> to Pacific Shores' one year warranty secured by a maintenance bond approved by the City <br /> Attorney, in a sum equal to ten percent of the cost of the improvements so secured, City shall <br /> accept responsibility for their subsequent maintenance, repair and improvement. City agrees <br /> that Pacific Shores shall not bear any other costs of operation and maintenance of the Public <br /> Facilities, except that Pacific Shores shall (i) pay its share of the costs of maintaining the <br /> lighting and landscaping of the Seaport Boulevard Improvements and (ii) pay the pro rata <br /> share of the costs of operating and maintaining the Storm Drainage Joint Facilities attributable <br /> to storm drainage from the Project Site, by a contract between the City and Pacific Shores or <br /> through a maintenance district or equivalent mechanism established by the City to include the <br /> Project Site and any other benefitting properties. <br /> (d) City and Pacific Shores both understand that the Other City Facilities <br /> have sufficient capacity to accommodate the services intended for Pacific Shores once the <br /> Pacific Shores Infrastructure and the Public Facilities have been constructed as provided <br /> herein. <br /> 10. Exactions. <br /> (a) Except as otherwise expressly provided, neither City nor City through <br /> District may in connection with the development, construction, use or operation of the Project <br /> on the Property impose on Pacific Shores any new Exaction or any increase in any existing <br /> Exaction, either absolutely or by changing any existing formula for escalation or <br /> determination of the Exaction or by altering the basis for computation or determination of the <br /> Exaction. <br /> �! 29-Dec-3998 AT 15:00 <br /> K:\DOC\0003\0033\AGA\CI1'P.DA6 <br />
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