Loading...
HomeMy WebLinkAbout2018-02-15 Morris Ltr to City of San Luis Obispo re Orcutt Reimbursement AgreementFOLEY FOLEY & LARDNER LLP February 15, 2018 Via Fax and U.S. Mail City of San Luis Obispo Attention: City Administrative Officer 990 Palm Street San Luis Obispo, CA 93401 ATTORNEYS AT LAW 3579 VALLEY CENTRE DRIVE, SUITE 300 SAN DIEGO, CA 92130 858.847.6700 TEL 858.792.6773 FAX W W W. FO LEY.CO M WRITER'S DIRECT LINE 858.847,6750 bmorris®foley.com EMAIL CLIENT/MATTER NUMBER 999100-0201 Re: Reimbursement Agreement Dated October 2, 2007, as amended Dear Sir or Madam: This firm is counsel to and represents Orcutt Associates, LLC ("Orcutt"), in conjunction with that certain Reimbursement Agreement Improvements to Orcutt Road and the Intersection of Broad Street, dated October 2, 2007, by and between the City of San Luis Obispo ("City"), and Orcutt, recorded as Document No. 2007078654, Official Records of the County of San Luis Obispo, as amended by that certain First Amendment to Reimbursement Agreement, dated July 22, 2011, by and between the City and Orcutt (collectively, the "Reimbursement Agreement"). Capitalized terms used in this letter without definition shall have the means ascribed to such terms in the Reimbursement Agreement. Pursuant to the Reimbursement Agreement, the City is obligated to use "best efforts" to collect and to reimburse Orcutt for the Reimbursement Payment. Orcutt is informed and believes that various opportunities have arisen that have afforded the City with an opportunity to collect fees from property owners/developers in the Benefit Area such that, if these fees would have been collected, the City would have been able to satisfy its obligation to pay the Reimbursement Payment to Orcutt. By way of example, Orcutt understands that the City has agreed to accept the sum of approximately $257,000 as a reimbursement payment from a developer of all or a portion of the Benefit Area. Unfortunately, the City has made not made a good faith effort (let alone expended best efforts) to collect the Reimbursement Payment from this developer. Worse yet, the City has elected to retain the entire approximately $257,000 and not pay all or any portion of the same to Orcutt. As a result, it is Orcutt's position that the City has failed to meet and satisfy its obligation to use "best efforts' to collect such fees, that the City has failed to meet and satisfy its obligation to pay to Orcutt the Reimbursement Payment and therefore, the City is in breach of its obligations under the Reimbursement Agreement. BOSTON JACKSONVILLE MILWAUKEE SAN DIEGO TAMPA BRUSSELS LOS ANGELES NEW YORK SAN FRANCISCO TOKYO CHICAGO MADISON ORLANDO SILICON VALLEY WASHINGTON, D.C. DETROIT MIAMI SACRAMENTO TALLAHASSEE 4812-8798-7293.1 FOLEY FOLEY & LARDNER LLP February 15, 2018 Page 2 Demand is hereby made for the City to fully and completely perform its obligations under the Reimbursement Agreement. If the City fails to do so, then Orcutt will have no alternative but to pursue all of its legal rights and remedies pursuant to the Reimbursement Agreement and under applicable law. Sincerely. keT1jLU11 n A.. orris BJM:vlg M. Jon Ansolabehere, Assistant City Attorney Diane Dostalek, Senior Civil Engineer Michael E. Delehunt, Esq. Van A. Tengberg, Esq. Mr. James Murar Mr. Randall Jenson Mr. Nathan Birchall 4812-8798-7293.1