HomeMy WebLinkAbout2005-017 Atascadero Ventures LLC Ph 2 Tract 2525 JULIE RODEWALD DG
Ci"l P, t,.SCAD�l�nS-nl`7 RO San Luis Obispo county-Clerk/Recorder 8/19/2005
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Recorded at the request of 8:00 AM
Chicago Title Company
Doc#: 2005069125 Titles: 1 Pages: 7
NO FEE DOCUMENT I Fees 25.00
Taxes 0.00
Government Code §6103` I Others 0.00
RECORDING REQUESTED BY AND PAID $25.00
WHEN RECORDED MAIL TO:
CITY OF ATASCADERO
6905 EI Camino Real, Suite 6
Atascadero, CA 93422
Attn: City Clerk The Above Space For Recorder's Use Only
CITY OF ATASCADERO
SUBDIVISION IMPROVEMENT AGREEMENT
DATE OF AGREEMENT: b-) 6"Cam
NAME OF SUBDIVIDER: Atascadero Ventures, LLC
SUBDIVISION: Tract 2525 (Phase 2)
ESTIMATED TOTAL COST OF IMPROVEMENTS:
Public Improvements $751,221
Landscaping $321,303
Monumentation $49,742
Total Phase II Improvements $1,122,596
This Agreement made and entered into by and between the City of Atascadero, a municipal
corporation of the State of California (hereinafter referred to as "City") and Atascadero Ventures,
LLC (hereinafter referred to as "Subdivider").
RECITALS
A. Subdivider has presented to the City Council of the City of Atascadero Tract 2525-2 for
approval but not all of the improvements required or conditions imposed by Title 11,
Chapter 8 Articles 3 and 4 and Chapter 10 of the Atascadero Municipal Code have been
completed or performed.
B. Subdivider desires to record Tract 2525-2 after the same has been approved by the City
Council of the City of Atascadero.
C. The Subdivision Laws establish as a condition precedent to the approval of a parcel map
that Subdivider must have either completed, in compliance with City Standards, all of the
improvements and land development work required by Tract 2525-2 or have entered into
a secured agreement with City to complete the improvements and land development
Tract 2525-2 Agreement Page 1 of 6
within a period of time specified by City.
D. In consideration of approval of Tract 2525-2 by the City Council, Subdivider desires to
enter into this Agreement, whereby Subdivider promises to install and complete, at the
Subdivider's own expense, all of the public improvement work required by City in
connection with Subdivision.
E. Improvement Plans for the construction, installation and completion of the improvements
have been prepared by Subdivider and approved by the City Engineer, The
Improvement Plans for Tract 2525-2 are on file in the Office of the City Engineer and are
incorporated into this Agreement by this reference. All references in this Agreement to
the Improvement Plans shall include reference to any specifications for the
improvements as approved by the City Engineer.
F. An estimate of the cost for construction of the public improvements according to the
Improvement Plans has been made and has been approved by the City Engineer. The
Estimated Total Cost of Improvements is stated on Page 1 of this Agreement. The basis
for the estimate is on file with the City of Atascadero.
G. Subdivider recognizes that by approval of Tract 2525-2, City has conferred substantial
rights upon Subdivider, including the right to sell, lease, or finance lots within the
subdivision, and has taken the final act necessary to construct the public improvements
within the subdivision. As a result, City will be damaged to the extent of the cost of
installation of the improvements by Subdivider's failure to perform its obligations under
this Agreement, including, but not limited to, Subdivider's obligation to commence
construction of the improvements by the time established in this Agreement. City shall
be entitled to all remedies available to it pursuant to this Agreement and law in event of a
default by Subdivider. It is specifically recognized that the determination of whether a
reversion to acreage or rescission of Tract 2525-2 constitutes an adequate remedy for
default by the Subdivider shall be within the sole discretion of City.
NOW, THEREFORE, pursuant to the provisions contained in the Atascadero Municipal Code,
Title 11, Chapter 10, sections 11-10.010 through 11-10.022, and in consideration of the
approval by the City Council and the filing of Tract 2525-2, the parties hereto do promise and
agree one with the other as follows:
1. Subdivider is to make and complete all of the improvements for Tract 2525-2 as shown
on the Improvement Plans thereof and as required and set forth in Title 11, Chapter 8,
Articles 3 and 4, and Chapter 10, of the Atascadero Municipal Code, or as amended.
2. It is further understood and agreed by and between the parties hereto that the
improvements as required by the conditions of approval for Tract 2525-2 shall be
completed within one year from the Date of Agreement. These improvements include,
but are not limited to the following: those shown on the plans accepted by the City
Engineer and on included in the Engineer's Estimate on file with the City of Atascadero.
3. The Subdivider promises and agrees to complete all improvement work referred to
hereinabove to the satisfaction of the City Engineer.
4. If said improvement work is not completed within one year of the Date of Agreement, the
Tract 2525-2 Agreement Page 2 of 6
Subdivider agrees that the City may elect to complete the same.
5. In the event the City elects to complete said work or improvement, the Subdivider agrees
that the City may exercise it's option to declare the bond or deposit, as hereinafter
described, forfeited and utilize the proceeds, including any interest, to complete said
improvements or that the City may complete said improvements and recover full cost
and expense thereof including reasonable attorney fees from the Subdivider and his/her
surety.
6. The Subdivider shall, prior to submitting the map for filing, file an improvement security
with the City, in a form acceptable to the City Attorney, in the amount of the Estimated
Total Cost of Improvements, which is the amount deemed sufficient by the City
Engineer. In no case shall the improvement security be less than 100% of the Estimated
Total Cost of Improvements. Further, the Subdivider shall file a security for labor and
materials in the amount of the Estimated Total Cost of Improvements. The security for
labor and materials shall be no less than 50% of the Estimated Total Cost of
Improvements. Periodic progress payments may be authorized to the Subdivider as the
improvements are completed if adequate security remains as determined by the City
Engineer, however, no such progress payments shall be made for more than 90% of the
value of any work. Progress payments shall only be paid on work that is completed to
the satisfaction of the City Engineer.
7. The Subdivider hereby agrees that after the completion and acceptance of the
improvements as specified in paragraphs 2 and 3, 10% of the improvement security
shall be retained for the guarantee and warranty of the work for a period of one year.
8. It is understood and agreed by and between the parties hereto that this Agreement shall
bind the heirs, executors, administrators, successors, and assigns of the respective
parties to this agreement.
9. In the event legal action is taken to enforce the provisions of this Agreement, the
prevailing party shall be entitled to recover costs to enforce the Agreement, including
reasonable attorney fees.
10. The Subdivider shall, defend, indemnify and save harmless the City, its officers, agents
and employees from any and all claims, demands, damages, costs, expenses, or liability
occasioned by the performance and attempted performance of the provisions hereof, or
in any way arising out of this Agreement, including, but not limited to, inverse
condemnation, equitable relief, or any wrongful act or any negligent act or omission to
act on the part of the Property Owner or of agents, employees, or independent
contractors directly responsible to the Property Owner, providing further that the
foregoing shall apply to any wrongful acts, or any actively or passively negligent acts or
omissions to act, committed jointly or concurrently by the Applicant, the Property
Owner's agents, employees, or independent contractors. Nothing contained in the
foregoing indemnity provisions shall be construed to require the Property Owner to
indemnify the City against any responsibility or liability in contravention of Section 2782
of the Civil Code.
11. Upon acceptance of the work on behalf of City and recordation of the Notice of
Completion, ownership of the improvements constructed pursuant to this Agreement
Tract 2525-2 Agreement Page 3 of 6
shall vest in City.
12. Sale or other disposition of this property will not relieve Subdivider form the obligations
set forth herein. Subdivider agrees to notify City in writing at least 30 days in advance of
any actual or pending sale or other disposition of the property. If Subdivider sells the
property or any portion of the property within the Subdivision to any other person,
Subdivider may request a novation of this Agreement and a substitution of security.
Upon approval of the novation and substitution of securities, Subdivider may request a
release or reduction of the securities required by this Agreement. Nothing in the
novation shall relieve the Subdivider of the obligations under Paragraph 2 for the work or
improvement done by Subdivider.
13. All notices required or provided for under this Agreement shall be in writing and
delivered in person or sent by mail, postage prepaid and addressed as provided in this
section. Notice shall be effective on the date it is delivered in person, or, if mailed, on
the date of deposit in the United States Mail. Notices shall be addressed as follows
unless a written change of address is filed with City:
City: City of Atascadero
6500 Palma Avenue
Atascadero, CA 93422
Subdivider: Atascadero Ventures, LLC TVP Asset
P.O. Box 4013 c/o Philip Johnson
San Luis Obispo, CA 93403 5023 North Parkway Calabasas
Calabasas, CA 91302
Surety: Arch Insurance Company
135 N. Los Robles Ave., Suite 825
Pasadena, CA 91101
14. The provisions of this Agreement are severable. If any portion of this Agreement is held
invalid by a court of competent jurisdiction, the remainder of the Agreement shall remain
in full force and effect unless amended or modified by the mutual consent of the parties.
15. The Recitals to this Agreement are hereby incorporated into the terms of this
Agreement.
16. This Agreement constitutes the entire Agreement of the parties with respect to the
subject matter. All modifications, amendments, or waivers of the terms of this
Agreement must be in writing and signed by the appropriate representatives of the
parties. In the case of City, the appropriate party shall be the City Manager.
Tract 2525-2 Agreement Page 4 of 6
i
IN WITNESS WHEREOF the Property Owner has hereunto set his/her hand and the City has
caused these presents to be signed by its duly sworn and authorized officers the day and year
first hereinabove written.
CITY OF ATASCADERO SUBDIVIDER:
By: See Attached Signature Block
" h. L 'k
Wade G. McKinney
City Manager
,Attest:
Mascia'M. dor jer'Son
�$ 4
City"Clerk,;
Ap yed as to con nt:
�t
Steven B. Kahn, P.E.
City Engineer
Approved as to foj.rW
City�Attorne.�
Tract 2525-2 Agreement Page 5 of 6
ATASCADERO VENTURES, LLC,
A Delaware limited liability company
By:
TROXLER RESIDENTIAL VENTURES XI,
LLC, a Delaware limited liability company,
its Managing Member
By:
TROXLER VENTURES PARTNERS, INC.,
a California corporation
its Managing Member
By:
Bryan P. Troxle
President
Tract 2525-1 Agreement Page 6 of 6
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
On August 9, 2005,before me, Michelle K. McClure,Notary Public,personally appeared Bryan
P. Troxler,personally known to me (or proved to me on the basis of satisfactory evidence)to be
the person(s)whose name(s) is/are subscribed to the within instrument and acknowledged to me
that he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s)on the instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Notary P c in and for said
County and State MICHELLE k MC CLURE
Commission#1340455 z
Notary Public-California
Z Loa Angeles County
My Comm.Fires Jan 19,2006
(SEAL)
END OFI)OCUMENT