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HomeMy WebLinkAboutSubdivision Agreement Righetti Phase 1 - executedSUBDIVISION AGREEMENT THIS AGREEMENT is dated this 30th day of March 2018 by and between Righetti Ranch LP, a California limited partnership, herein referred to as "Subdivider," and the CITY OF SAN LUIS OBISPO, herein referred to as the "City." RECITALS REFERENCE IS HEREBY MADE to that certain proposed subdivision of real property in the City of San Luis Obispo, County of San Luis Obispo, State of California, a description of which is shown on the Final Map of Tract 3063-Phase 1, City of San Luis Obispo, California, as approved by the City Council on the 21 st day of February 2017. The Subdivider desires that said Tract 3063-Phase 1 be accepted and approved as a Final Map pursuant to the Subdivision Regulations of the City of San Luis Obispo (Title 16 of the San Luis Obispo Municipal Code), and It is a condition of said regulations that the Subdivider agree to install the improvements as set forth on the plans therefore. TERMS AND CONDITIONS: In consideration of the foregoing, the Subdivider does hereby agree to construct and install the following subdivision improvements in accordance with said subdivision regulations, and in accordance with approved plans and specifications and any revisions thereto on file in the office of the City Engineer, City of San Luis Obispo, to wit: CURB, GUTTERS AND SIDEWALKS 2. STREET BASE AND SURFACING 3. WATER MAINS and SEWER MAINS, including sewer laterals to the property line and water services to the curb stop. 1 4. LANDSCAPING 5. DRAINAGE STRUCTURES 6. STREET LIGHTS 7. ELECTRIC, GAS, TELEPHONE AND CABLE TELEVISION: In addition to the inspection and approval of such facilities by the City, each public utility shall be required to file a letter stating that the developer has properly installed all facilities to be provided by him, and that the said utility is prepared to provide service to residents upon request. 8. ANY & ALL OTHER IMPROVEMENTS shown on plans or required by project approvals. All of the above facilities shall be installed in the locations designated and to the plans and specifications on file and approved by said City Engineer. The lines and grades for all of said improvements shall be established by the Subdivider in accordance with said approved plans and specifications. The Subdivider agrees that the work of installing the above improvements shall begin within thirty (30) days from the date of recording of the final map, and that the work shall be.completed within twelve (12) months of said recording date, unless an extension has been granted by the City, provided that if completion of said work is delayed by acts of God or labor disputes resulting in strike action, the Subdivider shall have an additional period of time equivalent to such period of delay in which to complete such work. Any extension of time hereunder shall not operate to release the surety on the Improvement Security filed pursuant to this agreement. In this connection, the surety waives the provisions of Section 2819 of the Civil Code of the State of California. No building permits will be issued nor occupancy granted after the expiration date of the agreement until completion and acceptance of all subdivision improvements unless specifically approved by the City. 2 The Subdivider does also agree to comply with the conditions established by the City Council and has paid the necessary fees as indicated on the attached Exhibits 1 and 2. Setting of new survey monuments or resetting of disturbed monuments shall be in accordance with Article 5, paragraph 8771 et seq., of the Professional Land Surveyors Act, Chapter 15 of the Business and Professions Code of the State of California. The Subdivider attaches hereto, as an integral part hereof, and as security for the performance of this agreement, instrument(s) of credit or bond approved by and in favor of the City of San Luis Obispo, and conditional upon the faithful performance of this agreement. Said instrument of credit or bond is/are in the amount(s) shown in Exhibit 2, which is the amount of the estimated cost of said improvements. Subdivider agrees to remedy any defects in the improvements arising from faulty workmanship or materials or defective construction of said improvements occurring within twelve (12) months after acceptance thereof. In accordance with Sections 66499.7 and 66499.9 of the Government Code of the State of California, upon final completion and acceptance of the work, City will release all but 10% of the improvement security, that amount being deemed sufficient to guarantee faithful performance by the Subdivider of his obligation to remedy any defects in the improvements arising within a period of one year following the completion and acceptance thereof. Completion of the work shall be deemed to have occurred on the date which the City Council shall, by resolution duly passed and adopted, accept said improvements according to said plans and specifications, and any approved modifications thereto. Neither periodic nor progress inspections or approvals shall bind the City to accept said improvements or waive any defects in the same or any breach of this agreement. "AS -BUILT" record drawings are to be submitted within four weeks of completion of construction and prior to City acceptance of the public improvements. If the Subdivider fails to complete the work within the prescribed time, the Subdivider agrees that City may, at its option, declare the instrument of credit or bond which has been posted by Subdivider to guarantee faithful performance, forfeited and utilize the proceeds to complete said improvements, or city may complete said improvements and recover the full cost and expense thereof from the Subdivider or his surety. The Subdivider has deposited with the City a labor and materials surety or sureties in the amount of 50% of the above described subdivision improvements in accordance with State law. Said Subdivider shall pay an inspection fee for City to inspect the installation of said subdivision improvements, and to verify that they have been completed in accordance with the plans and specifications. If off -site dedication of property is necessary to facilitate the construction of the required subdivision improvements, the subdivider shall exhaust all avenues available to acquire said off -site dedication. In the event the subdivider is unable to acquire said property, the City may lend the subdivider its powers of condemnation to acquire the off -site dedication, including any necessary construction, slope, and drainage easements. The Subdivider shall pay for all costs incurred by the City to acquire the off -site dedication, including, but not limited to, all costs associated with condemnation through the condemnation process. Prior to proceeding with the condemnation process, the Subdivider shall deposit with the City all or a portion of the anticipated costs, as determined by the City Attorney, of the condemnation proceedings. The City does not and cannot guarantee that the necessary property rights can be acquired or will, in fact, be acquired. All necessary procedures of law would apply and would have to be followed. Title 16 of the San Luis Obispo Municipal Code, entitled "Subdivision," all plans and specifications on file with said City Engineer as a part of said Subdivision Map, and all other documents filed with the City by the Subdivider and approved by the City Engineer are hereby referred to for further particulars in interpreting and defining the obligations of the Subdivider under this agreement. Pursuant to Government Code Section 66474.9(b), the subdivider shall defend, indemnify and hold harmless the City and/or its agents, officers and employees from any claim, action or proceeding against the City and/or its agents, officers or employees to attack, set aside, void or annul, the approval by the City of this subdivision, and all actions relating thereto, including but not limited to environmental review ("Indemnified Claims"). The City shall promptly notify the subdivider of any Indemnified Claim upon being presented with the Indemnified Claim and City shall fully cooperate in the defense against an Indemnified Claim. It is understood and agreed by and between the Subdivider and the City hereto that this agreement shall bind the heirs, executors, administrators, successors and assigns of the respective Parties to this agreement. It is agreed that the Subdivider will furnish copies of the successful bidder's contract unit prices and total bid prices for all of the improvements herein referred to. 19 IN WITNESS WHEREOF, this agreement has been executed by: SUBDIVIDER Righetti Ranch, LP a Delaware limited partnership BY: NRE Manager, LLC a Delaware limited liability company ITS: General Partner BY: Ambient Righetti Manager, LLC a California limited lia i�r ITS: Sole Member Travis Fuentez, Pr ide Dante'Anselmo, Vice -President CITY OF SAN LUIS OBISPO zwzueli�hh APPJAVVED AS TO FORM: CIWATTORNEY Christine Dietrick n. EXHIBIT 1 TRACT 3063-PHASE 1 SUBDIVISION AGREEMENT Page 1 of 2 1. The Subdivider has deposited a monumentation security in the amount of $45,500 to guarantee the installation of survey monuments in accordance with the approved map and payment for same. Said guarantee will be released once the installation of monuments has been verified and that existing monuments have not been disturbed, and upon receipt by the City of a letter from the Surveyor indicating that they have completed the work and have been paid. Subdivider shall adhere to the requirements of California Business and Professions Code Section 8771 with regards to monument preservation. The monumentation security also guarantees the replacement of any monuments that were disturbed during construction, along with filing of Records of Survey or Corner Records required by said Section 8771. 2. A Special Status Plant and Natural Community Mitigation and Monitoring Plan ("Monitoring Plan") dated August 2016 was prepared by Rincon Consultants, Inc. and is on file at the City. The Plan was prepared to comply with Mitigation Measures B-2(b) through B-2(g) of the Orcutt Area Specific Plan Final Environmental Impact Report and Vesting Tentative Map #3063 Mitigation Measures B-3, B-4, B-5 and B-6 to mitigate for the loss of special status plant species and vegetation community as a result of project implementation. The Subdivider has deposited a surety in the amount of $27,300 to guarantee the collection, salvage, storage, site preparation, planting, establishment, restoration, maintenance, protection, monitoring and reporting of the designated plant species and topsoil for a period of five (5) years or until the Success Criteria listed in Section 6.0 of the Monitoring Plan has been achieved, whichever is longer. 3. Pursuant to Condition #34 of Council Resolution No. 10619 (2015 Series), the Subdivider has deposited a faithful performance security in the amount of $200,000 to retain a qualified traffic consultant to conduct neighborhood speed surveys one year after final occupancy of Phase 1 at locations approved by the Director of Public Works. If the 85 h percentile speeds exceed current City Neighborhood Traffic Management (NTM) thresholds, additional traffic calming measures shall be installed. The $200,000 security will be retained by the City to guarantee that Subdivider installs additional City -approved traffic calming measures to reduce the speeds to comply with City NTM thresholds. The additional measures shall be installed within six (6) months following notice from the City to install said measures. Additional speed surveys shall be conducted twelve (12) months after completion of construction of the additional traffic calming measures. The $200,000 security will be released to the Subdivider once City -approved speed surveys demonstrate that traffic speeds comply with City NTM thresholds. 4. The Subdivider has deposited a security or securities in the amount specified in Exhibit 2 to guarantee completion of the subdivision improvements specified in Exhibit 2. Release of the security or securities shall be in accordance with the provisions of this Subdivision Agreement, the City's Municipal Code, California Government Code and California Civil Code. 7 EXHIBIT 1 TRACT 3063-PHASE 1 SUBDIVISION AGREEMENT Page 2 of 2 5. Plancheck and inspection fees for the subdivision improvements have been paid as listed in the attached Exhibit 2. 6. Park -in -lieu fees will be paid at time of issuance of building permit per the fee schedule in effect at the time the Vesting Tentative Map was approved (adjusted for CPI increases), unless the vesting rights have expired as set forth in Government Code Section 66498.5(b) through (d). If the vesting rights have expired, the fees shall be paid at the rate in effect at time of building permits. Credit is available to subdivider for dedication of approved parkland. 7. Water and sewer impact fees shall be paid at time of building permits through the Community Development Department per the fee schedule in effect at the time the Vesting Tentative Map was approved (adjusted for CPI increases), unless the vesting rights have expired as set forth in Government Code Section 66498.5(b) through (d). If the vesting rights have expired, the fees shall be paid at the rate in effect at time of building permits. Transportation impact fees shall be paid at time of building permits through the Community Development Department per the fee schedule in effect at the time when the Vesting Tentative Map was approved (adjusted for CPI increases), unless the vesting rights have expired as set forth in Government Code Section 66498.5(b) through (d). If the vesting rights have expired, the fees shall be paid at the rate in effect at time of building permits. 9. The subdivider shall comply with all requirements of Council Resolution No. 10619 (2015 Series) approving the tentative map, and Council Resolution No. 10861 (2018 Series) amending the conditions and mitigation measures. 10. The Subdivider has elected to pay a roadway maintenance fee to satisfy Condition #49. The fee of $23,000 was approved by the City Engineer in accordance with City Engineering Standards and guidelines and satisfies the requirements of Condition #49. The Subdivider will be required to review this condition with the City Engineer upon each subsequent phase of development to determine if additional fees, testing, or pavement repair will be required as a result of impacts from future phases. 11. Certain required Phase 1 improvements have been approved for deferral as shown in Exhibit 3 and as approved by City Council on February 6, 2018. Bonds for the deferred improvements shall be submitted prior to Phase 1 map recordation. The subdivider agrees that the City shall have the option to call upon these bonds a minimum of one year following issuance of the first Tract 3063 Phase 1 occupancy or by April 16, 2019, whichever occurs first. The subdivider further agrees that the City shall have the option to call upon these bonds prior to issuance of occupancy for Tract 3066 Jones Ranch or Tract 3044 Taylor Ranch, if the improvements are needed for orderly development. 12. If another entity besides Subdivider constructs the off -site water main extension, then the $775,000 bond may be used to pay Subdivider's fair share of the cost of water main as shown in the Reimbursement Agreement approved by City Council Resolution No. 10812 (2017 Series). 13. Per Condition 418 of City Council Resolution No. 10861 (2018 Series), the City reserves the right to call upon the bonds per the dates specified in the resolution. 9 EXHIBIT 2 TRACT 3063-PHASE 1- FEE AND BOND LIST 3987 Orcutt Page 1 of 2 Amount Form ate TRccccived Bond Release Status Bonds and Guarantees: Total Faithful Performance to guarantee $12,447,700 See See Can be released upon City acceptance of construction and completion of the breakdown breakdown improvements, deposit of one-year warranty following subdivision improvements below below surety, and approval of record drawings. Offsite Water Main Extension $775,000 Bond 4/3/18 FMAP-2242-2015/ FMAP-4024-2016 BOND-0050 On -Site Improvements (FMAP-2631-2016) $10,027,700 Bond 4/3/18 and water, recycled water, and sewer creek crossings on Tiburon Way and Righetti Ranch Road per the approved plans Off -Site and On -Site Landscaping $175,000 Bond 4/3/18 FMAP-4234-2016/FMAP-0288-2017) Tank Farm widening and restriping for $120,000 Bond 4/3/18 left -turn pockets at Tank Farm/Wavertree and Tank Farm/Brookpine intersections, and Phase 1 southbound interim right -turn lane on Orcutt at Tank Farm intersection FMAP-1718-2015 Tank Farm/Righetti Ranch Road $1,350,000 Bond 4/3/18 Roundabout and Tank Farm Phase 1 frontage FMAP-1718-2015 Total Labor & Materials (50% of total $6,223,850 See See Can be released 90 days after acceptance of cost of above improvements) breakdown breakdown improvements, if no claims. (Civil Code below below Section 8412 Offsite Water Main Extension $387,500 Bond 4/3/18 FMAP-2242-2015/ FMAP-4024-2016 On -Site Improvements (FMAP-2631-2016) $5,013,850 Bond 4/3/18 and water, recycled water, and sewer creek crossings on Tiburon Way and Righetti Ranch Road per the approved plans Off -Site and On -Site Landscaping $87,500 Bond 4/3/18 FMAP-4234-2016/FMAP-0288-2017 Tank Farm widening and restriping for $60,000 Bond 4/3/18 left -turn pockets at Tank Farm/Wavertree and Tank Farm/Brookpine intersections, and Phase 1 southbound interim right -turn lane on Orcutt at Tank Farm intersection FMAP-1718-2015 10 EXHIBIT 2 TRACT 3063-PHASE 1 - FEE AND BOND LIST 3987 Orcutt Page 2 of 2 Tank Farm/Righetti Ranch Road $675,000 Bond 4/3/18 Roundabout and Tank Farm Phase 1 frontage FMAP-1718-2015) Faithful Performance $200,000 Bond 4/3/18 See Exhibit 1 for when bond can be released. for completion of traffic speed surveys and installation of additional traffic calming measures Faithful Performance of the Special $27,300 CD 3/28/18 See Exhibit 1 for when bond can be released. Status Plant and Natural Community (CD-0048) Mitigation and Monitoring Plan Monument Guarantee $45,500 CD 3/28/18 Can be released upon verification that (CD-0047) monuments have been set and surveyor has been paid. 10% Warranty $1,244,770 To be Can be released one-year after acceptance of collected improvements, if no defects, and approval of prior to record drawings. release of Faithful Performance Bond Faithful Performance for Early Grading $154,686 Bond 9/20/16 Released on 4/3/18 due to replacement with (FMAP-3901-2016) (BOND-0014) subdivision bonds. Labor & Materials for Early Grading $77,343 Bond F 9/20/16 Released on 4/3/18 due to replacement with FMAP-3901-2016) BOND-0015 subdivision bonds. Fees: Map Check Fee $29 458 Check 2/14/16 Plan Check Fee $189,863 Check various dates Construction Inspection Fee $411,852 Check 8/4/17 Roadway Maintenance Fee (Condition #49) $23,000 Check 3/28/18 Deposited in Acct # 40050300-90346953 Streets Reconstruction and Resurfacing Master per Matt Horn Park In -Lieu Fee To be collected with building permit. Credit to be given for approved parkland dedication. Affordable Housing Requirements See Affordable Housing Agreement Water Impact Fee' To be collected with building permit Wastewater Impact Fee' To be collected with buildingpen-nit Transportation Impact Fee' To be collected with building permit 1 All Impact Fees are adjusted annually (July 1) based on CPI. Credit given for demolished units. 11 EXHIBIT 3 TRACT 3063-PHASE 1- DEFERRED IMPROVEMENTS 12