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HomeMy WebLinkAboutD-2017-G Covenant to Pay Fair Share Mitigation Fees APN 053-152-0032017015131 Tommy Gong San Luis Obispo - County Clerk -Recorder 04/06/2017 03:24 PM Recording Requested by: Recorded at the request of: PUBLIC Titles: 1 Pages: 2 When recorded return to: Fees: $17.00 City of San Luis Obispo Public Works Department Taxes: 0.00Total: 117.00 Development Review Division 'III � San � Palm Street 14 vil II San Luis Obispo, CA 93401 F41 COVENANT TO PAY FAIR SHARE MITIGATION FEES UPON REQUEST OF CITY WHEREAS, the undersigned own certain real property commonly known as 1301 Calle Joaquin, and WHEREAS, a traffic study conducted by Omni Means dated August 2014 found that the rezoning of parcels 053-152-001, 053-152-002, 053-152-003, 053-152-004 along Calle Joaquin would generate 1,038 pm peak hour trips and result in a significant impact at the intersection of Calle Joaquin & Los Osos Valley Road (LOVR) when those parcels developed, and WHEREAS, that traffic study identified widening of the SB Cal le Joaquin approach and installation of a second SB thru lane as mitigation, and WHEREAS, a 115 room hotel has a 7% fair share percentage of the mitigation measure identified, and WHEREAS, the undersigned have requested and been granted temporary deferral of mitigation implementation upon execution of a covenant by the property owner agreeing to pay in full 7% of the cost to install a second southbound left turn lane at Calle Joaquin and LOVR at such time in the future as the City may request same. NOW THEREFORE, in consideration of the granting of permission to temporarily defer implementation of mitigation consisting of: Constructing 2"' Southbound left turn lane at Calle Joaquin and Los Osos Valley Road The undersigned owner(s) of property hereinafter described hereby covenant with the City of San Luis Obispo to pay 7% of Engineering, Right of Way, Construction, and Inspection costs to the City upon 30 days written notice from the City of San Luis Obispo requesting that fair share payment be made. Said property is located in the City of San Luis Obispo, County of San Luis Obispo, State of California, and is described as follows: Legal: Parcel 3 of Parcel Map SLO 04-0615 in the City of San Luis Obispo, County of San Luis Obispo, State of California, as shown on map recorded in Book 67 of Parcel Maps Pages 68 to 70 in the office of the County Recorder of said County. Assessor's Parcel Number: 053-152-003 3. Commonly known as: 1301 Calle Joaquin This covenant shall run with the land and shall be binding upon the undersigned owners, their heirs, executors, administrators, anassigns. 1 Dated this �7T'�day of �►h 201 7 Owner(s): Dk--�C Nan BY: Name APPROVED; /had �Icrh� C�'{-y En9 �n�e r C4 Of frnh L411 di-: Po Zo1-i~G I I , MattHorn City of San Luis Obispo (Authorization — City of San Luis Obispo Municipal Code Section 12.16.050) A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached and not the truthfulness, accuracy, or validity of that document. State of Ge4k3''r� LX*", sr ^-t P.��S�—E�rrrriq of Ban Lai s Obi spe On &A Z7 Z01 % , before me, 4. i""0^ Date I Name Knd Title of the Officer personally appeared, Name df Signer(s) who 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. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. n t,Sign;�tur 1 C 1JOINkpature of Notary Public Place Notary Seal Above &TEMEN L. HARAISON r rAR N0.19614 otary Public or other officer completing this certificate verifies only the identity of the individual who signed the ument ttq.Which,this., certificate is attached and not the truthfulness, accuracy, or validity of that document. State of California County of San Luis Obispo On 3 if before me, [.6K I'Vp'PO P041C Date Name Ad Title of the Officer personally appeared, in IT /1/ Name of Signer(s) who 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. certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing Daraaraoh is true and correct - WITNESS my hand and official seal. Signature 0—: ' ' 1�'' , 0 1 Signalure of Notary Public DIANE OOSTALEK Commission # 2138341 Notary Public - California z San Luis Obispo County P1y Comm. Expires Doc 25. 2019 Place Notary Seal Above END OF D0CUNV:N f