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HomeMy WebLinkAbout1979 025 CC RESO1979 025 CC RESO(ÌìñxBRESOLUTION NO. 79-25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT AND THE SALE OF LAND WHEREAS, the Redevelopment Plan for the Puente-Merced Redevelopment Project has been duly adopted; and WHEREAS, the Disposition and Development Agreement attached hereto as Exhibit A" has been prepared for purposes of carrying out said Redevelopment; and WHEREAS, a public hearing has been duly held pursuant to Article II, Chapter 4, Part I of the California Health and Safety Code; and WHEREAS, the Baldwin Park Redevelopment Agency has previously prepared an E.I.R. on the redevelopment project; and WHEREAS, the development pursuant to the Disposition and Development Agreement between the Agency and Kendall/Johnson Company is substantially similar to the prototype concepts evalutated in the E.I.R. and the changes in the project are insubstantial and will not require any revision of the E.I.R., no new information of substantial importance has been made available to the Agency indicating any new environmental impacts or the availability of any mitigating measures applicable to the project. NOW. THEREFORE, the City Council of the City of Baldwin Park does hereby resolve, determine and order as follows: SECTION 1. The City Council hereby finds and determines that the entering into the Disposition and Development Agreement by the Redevelopment Agency attached hereto as Exhibit A" and incorporated herein by reference and the sale of the land pursuant to said Agreement are in the best interest of the citizens of the City of Baldwin Park and are in conformity with the Redevelopment Plan. SECTION 2. The Disposition and Development Agreement and the sale of land pursuant thereto are hereby approved. SECTION 3. The City Council further finds and determines that an E.I.R. has been prepared on the redevelopment project in conformity with C.E.Q.A. and the guidelines adopted pursuant thereto and no further environmental assessment needs to be prepared with respect to the development contemplated by this Disposition and Development Agreement. SECTION 4. The City Clerk shall certify to the adoption of this Resolution PASSED, APPROVED AND ADOPTED this 4th daw of April 1979. //^L MAYOR ATTEST: BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBResolution No. 79-25 Page 2 STATE OF CALIFORNIA COUNTY OF LOS ANGELES) SS: CITY OF BALDWIN PARK I. THELMA L. BALKUS, City Clerk of the City of Baldwin Park. do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Baldwin Park at a meeting of the City Council on the 4th day of April, 1979. by the following vote: AYES: COUNCILMEN Agin'tar, Me Neill, Izell, King and Mayor White NOES: COUNCILMEN____________________________________ ABSENT: COUNCILMEN M^. THELMA L- BALKU$. CITY CLERK BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBSL A^ f B OISPOSITIOIM and DEVELOPMEIMT AGREEMENT MARCH. 1979 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBPROPOSED DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OP BALDWIN PARK, AND THE KENDALL-JOHNSON COMPANY THIS AGREEMENT, made and entered into on this day of / 1979, by and between the COMMUNITY REDEVEL- OPMENT AGENCY OF THE CITY OF BALDWIN PARK hereinafter Agency") and KENDALL-JOHNSON COMPANY hereinafter Devel- oper") WITNESSETH: The parties hereto do agree as follows: Purpose. The purpose of this Agreement is to effectuate the Redevelopment Plan for the Puente-Merced Redevelopment Project hereinafter Redevelopment Plan") which said Plan was approved and adopted by the City Council of the City of Baldwin Park by Ordinance No. 780 for the Puente-Merced Redevelopment Project hereinafter Project"), This Agreement provides for the purchase and development of certain real property, located within the Project area, which is to be acquired for that purpose by Developer from the Agency. 2. Contract Documents. The following documents are integral parts of this Agreement, and are, each, attached hereto, incorporated herein by this reference, as if set forth in full, marked as follows: a) Redevelopment Plan Attachment No. 1 b) Ordinance No. Attachment No. 2 c) Site Map Attachment No. 3 d) Legal Description of Site Attachment No. 4 e) Schedule of Performance Attachment No. 5 f) Form of Deed Attachment No. 6 g) Scope of Development Attachment No. 7 h) Certificate of Completion Attachment No, 8 3- The Site. The Site" is that real property located within the Project area, as shown, generally, on the Site Map, Attachment No, 3, legally described as set forth on Attachment No. 4. The Site is divided into lots as shown on Attachments 3 and 4. Pr ior to completion of all development, and by mutual agreement of Developer and Agency, in accordance with all applicable laws, including but not limited to, the Baldwin Park Municipal Code, and the Subdivision Map Act Sec- tion 66410 et seq. of the Government Code), the subdivision and/or re-subdivision of the lots may be accomplished. BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxB4. Parties to the Agreement. a) Agency. The Agency is a redevelopment agency, exercising governmental functions and powers, and organized and existing under the Constitution of the State of California, and Section 33000 et seq. of the Health and Safety Code of the State of California. The principal office of the Agency is located at 14403 East Pacific Avenue, Baldwin Park, California 91706. Developer. Developer is a corporation organized and existing under and by virtue of the laws of the State of California. The principal office of the Developer is c) Successors in Interest. By execution of this Agreement, the parties hereto intend, and do hereby, bind their respective successors in interest to the terms and provisions hereof. Whenever the word Agency" or the word Developer" is used herein, they shall be deemed to mean and include any and all lawful successor in interest either of the parties hereto. 5. Assignment; Prohibition Against Change in Ownership, Management and Control of Developer. The qualifi- cations and identity of Developer, and its corporate officers, are of particular concern to the Agency; in reliance upon the same. Agency has entered into this Agreement with the Developer. Except as expressly provided in other Sections hereof, the Developer shall not assign all or any part of this Agreement without the prior written approval of the Agency; provided such approval shall not be unreasonably withheld. The Developer shall promptly notify the Agency of any and all changes whatsoever in the identity of the princi- pal corporate officers in control of the Developer. This Agreement may be terminated by the Agency, at its option, if there is any significant change voluntary or involuntary) in management or control of the Developer other than such changes as are occasioned by the death or incapacity of any such individual) prior to issuance of a Certificate of Completion for the Site as hereunder provided. The restrictions of this Section shall terminate, automatically, upon issuance by the Agency of a Certificate of Completion, as described hereinafter, for the entire Site. 6. Sale and Purchase. In accordance with and subject to all the terms, covenants and conditions of this Agreement, the Agency agrees to sell to the Developer and the Developer agrees to purchase the Site. The Developer shall pay the Agency as the purchase price therefor, the sum of Dollars $________). Escrow. The parties agree to open a sales escrow with an escrow agent designated by Agency hereinafter Escrow Agent"), within five 5) days after receipt by Agency of a written request therefor from the Developer. This 2- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBAgreement shall constitute the joint escrow instructions of the Agency and the Developer/ and a duplicate original of this Agreement shall be delivered to the Escrow Agent upon the opening of the escrow. The Agency and the Developer shall provide such additional escrow instructions consistent with this Agreement as shall be necessary to consumate the sale of the Site. The Escrow Agent hereby is empowered to act under such instructions, and shall carry out its duties as Escrow Agent hereunder. Upon delivery of the Grant Deed for the Site to the Escrow Agent by the Agency, in the form described in Section 9 of this Agreement, the Escrow Agent shall record such deed in accordance with these escrow instructions; provided that the title to the Site can be vested in the Developer in accordance with the terms and provisions of this Agreement. Any liability or fire insurance policies governing the Site are not to be transferred, unless the parties otherwise jointly direct. The Developer shall pay in escrow to the Escrow Agent the following fees, charges and costs promptly after the Escrow Agent has notified the Developer of the amount of such fees, charges and costs, but not later than ten 10) days prior to the scheduled date for the close of the escrow: 1. One-half of the escrow fee; 2. The portion of the premium for the title insurance policy to be paid by the Developer, as set forth hereinafter. The Agency shall be responsible to the Escrow Agent for the following fees, charges, and costs and shall pay to the Escrow Agent or authorize their deduction from funds to be paid to the Agency by the Escrow Agent: 1) One-half of the escrow fee; 2) Recording fees; 3) Notary fees; 4) The portion of the premium for the title insurance policy to be paid by the Agency as set forth in Section n of this Agreement; 5) Ad valorem taxes, if any, prorated to close of escrow, upon the Site; 6) Any State, County or City documentary stamps or transfer tax. The Agency shall timely and properly execute, acknowledge and deliver a deed in substantially the form required hereunder, conveying to the Developer title to the Site in accordance with the requirements hereof. The Escrow Agent is authorized to: 3- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxB1) pay, and charge the Agency and the Developer/ respectively, for any fees, charges and costs referred to in this Section; and 2) disburse funds and deliver the deed and other documents to the parties entitled thereto when the conditions of this escrow have been ful- filled. The purchase price shall not be dis- bursed by the Escrow Agent unless and until it has recorded the deed thereto and has delivered to the Developer a title insurance policy insuring title and conforming to the require- ments of this Agreement; and 3) record any instruments delivered through this escrow if necessary or proper to vest title in the Developer in accordance with the terms and provisions of this Agreement. All funds received in this escrow shall be deposited by the Escrow Agent in a general escrow account with any state or national bank doing business in the State of California and may be combined in such with other escrow funds of the Escrow Agent. Such funds may be transferred to any other general escrow account or accounts. If this escrow is not in condition to close on or before the time established he rounder for such conveyance, either party who then shall have fully performed the acts to be performed by it, before the conveyance of title to any por- tion of Site, may, in writing, demand the return of its money, papers, or documents from the Escrow Agent. No demand for return shal1 be recognized until ten 10) days after the Escrow Agent shall have served copies of such demand on the other party. Written objections, if any, shall be served on the Escrow Agent and the other party within the ten 10) day period, in which event, the Escrow Agent shall be obli- gated to hold all such money, papers and documents until instructed by mutual agreement of the parties, or upon failure thereof, by a court of competent jurisdiction. If no such demand is made, the escrow shall be closed as soon as possible. Any amendment to the escrow instructions shall be in writing and signed by both the Agency and the Developer. At the time of any amendment, the Escrow Agent shall agree to carry out its duties as Escrow Agent under such amendment. All notices by the Escrow Agent to the Agency or the Developer shall be accomplished in the manner set forth in Section 43 of this Agreement. 8. Conveyance of Title and Delivery of Possession. Subject to any mutually agreed upon extension of time, convey- ance to the Developer of title to the Site shall be completed on or prior to the date specified in the Schedule of Perfor- mance attached hereto as Attachment No. 5, except as provided in Section 6 hereof. Possession of the Site shall be delivered to the Developer concurrently with the conveyance of title. 4- i BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxB9. Form of Deed. The Agency shall convey to the Developer title to the Site, in the condition required here- under, by the Grant Deed Grant Deed") in the form set forth in Attachment No. 6. 10. Condition of Title. The Agency shall convey to the Developer, marketable fee simple title to the Site, free and clear of all recorded liens, easements, assessments, leases and taxes except 1) easements of record for any utility purpose; and 2) any easement, reserved right, lease or other document of record, relating to the exploration for, production or transportation of, any oil, gas, other hydro- carbon substances or mineral of every kind and character, together with the right to drill into, through, and to use and occupy all parts of the Site, lying more than five hundred feet 500 ft.) below the surface thereof, for any and all pur- poses incidental to the exploration for, and/or production of, oil, gas, other hydrocarbon substances or minerals from the Site, but, without, however, any right to use either the sur- face of the Site or any portion thereof within five hundred feet 500 ft.) of the said surface, for any purpose or pur- poses whatsoever. 11. Title Insurance. Concurrent with recordation of the Grant Deed, a title insurance company designated by the Agency hereinafter Title Company") shall provide and deliver to the Developer a title insurance policy issued by Title^Company insuring that the title is vested in the Developer in the condition required hereby. The Title Company shall provide the insurance policy and the title insurance policy shall be in the amount of the purchase price of the Site. The Agency shall pay only for that portion of the title insurance premium with respect to C.L.T.A. standard title insurance upon the Site attributable to the purchase price of such lot. The Developer, if it desires any addi- tional title insurance, shall pay for all additional premiums and for any extended coverage or special endorsements. Agency and Developer shall attempt to obtain cover- age against the effect of any water and irrigation easements existing of record, if any, and in the event that such insur- ance is obtainable. Agency shall pay the premium for such insurance with respect to the portion of the premium for that endorsement attributable to the purchase price of each lot, Agency and Developer shall both execute such indemnity agree- ments as may be required by the Title Company to obtain such endorsement. If such insurance coverage is not obtainable, Developer shall accept agency's written guarantee against any loss occasioned by the existance or use of such easements. 12. Taxes and Assessments. Ad valorem taxes and/or assessments, if any, lawfully levied on the Site, shall be prorated and that portion allocable through and including the date of conveyance of title, shall be borne by the Agency. The portion of such taxes and/or assessments allocable after such date shall be paid by the Developer. 13. Occupancy of the Site. Agency warrants and agrees that title to the Site shall be conveyed free of any possession or right of possession. 5- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx B14- Zoning. Agency warrants and agrees that zoning of the Site at the time of conveyance thereof shall be such as to permit development of such Site and construction of improvements thereon in accordance with the provisions of the Plan and this Agreement. Agency agrees to allow Developer, at its cost/ to process a Parcel Map or Subdivision Map for the Site to divide the Site into such number of lots as is desired by Developer, subject to approval of all legally established regulatory agencies, including but not limited to, the City of Baldwin Park. Such map need not be recorded prior to conveyance but shall be recorded prior to completion of construction of all site development contemplated hereunder. 15. Condition of the Site. The Site, including the soil beneathits surface shall be conveyed in an as is" condition. It shall be the sole responsibility of Developer, at Developer's expense to investigate the soil conditions of the Site to determine the suitability of the same for the development proposed to be constructed by Developer. If, after conveyance of title, the soil condition of the Site or any part thereof, is not in all respects, entirely suitable for the use or uses to which the Site will be put, then it is the sole responsibility and obligation of Developer to take such actions as may be necessary to place the Site and the soil conditions of the Site in all respects in a condition entirely suitable for the development of the Site. If, prior to conveyance of title. Developer determines that the soil conditions of the Site are not suitable for the proposed development and so notifies the Agency, Developer may ter- minate this Agreement as provided in Section 40, unless Agency elects to correct any condition which Developer notifies Agency is not suitable for the development. Not- withstanding the right to terminate for unsuitable soil conditions. Developer shall have no right to terminate this Agreement on the basis of unsuitable soil conditions, if the unsuitable soil conditions are only attributable to the first 24 inches of the soil measured from the existing surface of the site. 16. Access by Developer. Pr ior to the conveyance of title, representatives of the Developer shall have the right of access to such portions of the Site as are owned by the Agency, or as to which Agency has the right of possession, at all reasonable times for the purpose of obtaining data and making surveys and tests. 17 Scope of Site Development. The Site shall be developed in accordance with and within the limitations established in the Scope of Development," Attachment No. 7. 18. Preliminary Drawings, The Developer has prepared and submitted to Agency, Preliminary Drawings dated and related documents for the development of the Site to the Agency for review and written approval within the time established in the Schedule of Performance. The Site shall be developed substantially as established in the Drawings and related documents except as changes may be mutually agreed upon between the Developer and the Agency. Any such changes shall be within the limitations of the Scope of Development. 6- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx B19. Landscaping and Finish Grading Plans. The landscaping, and finish grading plans shall be prepared by Developer and be submitted to the Agency for its approval. Those plans shall be prepared and submitted within the times established in the Schedule of Performance. 20. Construction Drawings. The Developer shall prepare and submit for agency review, including, but not limited to, architectural review, construction drawings, and all necessary related documents collectively called the Drawings") in two 2) stages. Preliminary and Final Construc- tion Drawings, for the development of the Site at the times established in the Schedule of Performance. Approval of progressively more detailed drawings and specifications will be promptly granted by the Agency if developed as a logical evolution of drawings theretofore approved. Any items so submi tted•and approved by the Agency shall not be subject to subsequent approval. If any revisions or corrections shall be required by the City or any other official, agency, department or bureau of the City having jurisdiction, the Developer and the Agency shall cooperate in efforts to comply with such require- ments or to develop mutually acceptable alternatives. If no such alternative is developed, the Agency shall be bound by such revisions or corrections if they are not inconsistent with approved construction drawings and related documents. 21. Agency Approval of Plans, Drawings and Related Documents. The Agency shall approve or disapprove the plans, drawings, and related documents referred to in this Agreement within the times established in the Schedule of Performance. Failure by the Agency to either approve or disapprove within the times established in the Schedule of Performance shall be deemed approval. Any disapproval shall state in writing the reasons for disapproval. The Developer, upon receipt of a disapproval, based upon powers reserved by the Agency here- under, shall revise such portions in a manner that is a logical evolution of previously approved Basic Concept and Construction Drawings and related documents and re submit to the Agency as soon as possible after receipt of the notice of disapproval. 22. Cost of Construction. The cost of developing the Site and constructing all improvements thereon shall be borne by the Developer, except for the work expressly set forth on Attachment 7 to this Agreement to be performed by Agency. 23. Construction Schedule. The Developer shall begin and complete all construction and development within the times specified in the Schedule of Performance, or such reasonable extension of said dates as may be mutually agreed upon. 24» Liability. Agency does hereby agree to hold Developer free and harmless from any claim, demand or judgment arising out of its activities pursuant to this Agreement, The Developer does hereby agree to hold Agency, its officers and employees free and harmless from any claim, demand or judgment arising out of its activities pursuant to this Agreement. Developer shall, within ten 10) days after 7- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx Bexecution of this Agreement/ take out and maintain in full force and effect until the recordation of a Certificate of Completion/ 1 lability insurance in minimum amounts approved by Agency to insure compliance with the hold harmless" clause above set forth. Developer shall file with Agency a Certificate of Insurance evidencing the existence of such insurance, which Certificate and policy or policies shall be subject to cancellation only upon thirty 30) days pr ior written notice thereof first given to Agency. In the event of such cancellation. Agency may terminate this Agreement forthwith, or at its option, obtain such insurance at Devel- oper s expense. In such event. Developer shall pay such sum direct to Agency, forthwith, upon receipt of invoice therefor. 25. Antidiscrimination During Construction. The Developer for itself and its successors and assigns agrees that in the construction of the improvements on the Site pro- vided for in this Agreement, the Developer will not discrim- inate against any employee or applicant for employment because of race, color, religion, sex, marital status or national or igin. 26. City and Other Governmental Agency Approvals. Before commencement of construction or development upon the Site, the Developer shall at its own expense secure or cause to be secured any and all permits which may be required by the City or any other governmental agency affected by such construction, development or work. The Agency shall provide all proper assistance to the Developer in securing these permits. The Environmental Quality Control Act of 1970, as amended, has been complied with by the Agency, as to this Project. 27. Prohibition Against Transfer. Pr ior to the recordation of a Certificate of Completion pursuant hereto, the Developer shall not, except as permitted elsewhere by this Agreement, make any total or partial sale, transfer, or conveyance of the whole or any part of such Site or the buildings or structures thereon, without prior written approval of the Agency, This prohibition shall not apply subsequent to the recordation of a Certificate of Completion. This prohibition shall not be deemed to prevent the granting of easements or permits to facilitate the development of the Site or to prohibit or restrict the leasing of all or any part of any building, structure, or Site, nor shall it pro- hibit granting any security interests expressly described in this Agreement for financing development of the Site. This prohibition shall not prevent or restrict the sale or transfer of any lot within the Site, as to which a Certificate of Completion has been issued• Prior to the issuance by the Agency of the Certificate of Completion provided for herein as to completion of construction of the improvements, the Developer may enter into any agreement to sell, lease, or otherwise transfer, which shall take effect after the issu- ance of such Certificate, the Site or any part thereof or interest therein; such agreement shall not provide for payment of, or on account of the purchase price or rent for the Site, or the part thereof or the interest therein, to be so transferred, prior to the issuance of such certificate. 8- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx 1979 025 CC RESO(Ììñx Bcompletion of construction of the improvements, the Agency shall at the same time deliver to each holder of record of any mortgage a copy of such notice or demand. Each such holder shall insofar as the rights of the Agency are concerned) have the right, at its option to cure or remedy or commence to cure or remedy any such default and to add the cost thereof to the security interest debt and the lien on its security interests- such action by a holder shall be accomplished within the time allowed the Developer to cure such defect. Nothing contained in this Agreement shall be deemed to permit or authorize such holder to undertake or continue the construction or completion of the improvements, beyond the extent necessary to conserve or protect the improve- ments or construction already begun, without first having expressly assumed the Developer* s obligations to the Agency by written agreement satisfactory to the Agency. The holder in that event must agree to complete, in the manner provided in this Agreement, the improve- ments to which the lien or title of such holder relates, and submit evidence satisfactory to the Agency that it has the qualifications and financial responsibility necessary to perform such obligations. Any such holder properly completing such improvements shall be entitled, upon written request made to the Agency, to a Certificate of Completion from the Agency, d) Failure of Holder to Complete Improvements In any case where, within the time permitted for curing default by the Developer in completion of construction of improvements under this Agreement, if the holder of any mortgage has not exercised the option to construct, or if it has exercised the option, has not proceeded diligently with construction, the Agency may purchase the mortgage interest by payment to the holder of the then pr incipal and interest due on the unpaid debt. If the ownership of the Site or any part has vested in the holder, the Agency, if it so desires, shall be entitled to a conveyance from the holder to the Agency of the Site or any part upon payment to the holder of an amount equal to the sum of the following: i) The principal sum due and unpaid on the mortgage at the time title became vested in the holder less all appropriate credits, including those resulting from collection and application of rentals and other income received during foreclosure proceedings) 7 ii) All expenses with respect to fore- closure; iii) The net expenses, if any exclusive of general overhead), incurred by the holder as a direct result of the subsequent management of the Site; iv) The costs of any improvements made by such holder? v) An amount equivalent to the interest, at the rate applicable to the mortgage, that would 10- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBhave accrued on the aggregate of such amounts had all such amounts become part of the mortgage debt and such debt had continued in existence to the date of payment by the Agency. e) Right of Agency to Cure Mortgage. In the event of a default or breach by the Developer upon the obligation of a mortgage, prior to the recorda- tion of a Certificate of Completion for the improve- ments on the Site, and the holder of any such mort- gage has not exercised its option to construct, the Agency may cure the mortgage default. In such event the Agency shall be entitled to reimbursement from the Developer of all costs and expenses incurred by the Agency in curing the default. The Agency shall also be entitled to a lien upon the Site to the extent of such costs and disbursements. Any such lien shall be subject to any prior recorded mortgage executed for the sole purpose of obtaining funds to purchase and develop the Site. 29. Right of the Agency to Satisfy Other Liens on the Property After Title Passes. After the conveyance of title and prior to the recordation of a Certificate of Comple- tion for construction, and after the Developer has had a rea- sonable time to challenge, cure or satisfy any liens or encum- brances on the Site arising after the date of conveyance, other than a mortgage, as defined herein, the Agency shall have the right to satisfy any such liens or encumbrances, provided, however, that nothing in this Agreement shall require the Developer to pay or make provision for the payment of any tax, assessment, lien or charge so long as the Devel- oper in good faith shall contest the validity or amount there- of, and so long as such delay in payment shall not subject the Site or any part thereof to forfeiture or sale. 30. Certificate of Completion. Promptly after completion of all construction to be completed by the Devel- oper upon the Site as set forth in the Scope of Development and Drawings, the Agency shall furnish the Developer with a Certificate of Completion, in the form attached hereto as Attachment No. 8, upon written request therefor by the Developer. Such certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Developer to any holder of a mortgage. The Agency shall not unreasonably withhold or delay issuance of any such certificate. The certificate shall pro- vide that satisfactory completion of the construction required by this Agreement upon the Site has been conclusively deter- mined by the Agency. Upon issuance of a Certificate of Completion pertaining to the Site, the respective rights and obligations of the parties with reference to the Site shall be limited thereafter to those set forth in the deed conveying the Site. A Certificate of Completion for the entire improve- ment upon the Site shall be in such form as to permit it to be recorded in the Recorder's Office of Los Angeles County. Uses. The Developer covenants and agrees that during construction and thereafter until the expiration of 11- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBthe time set forth in Section 35 hereof, the Developer shall devote the Site to the uses specified in the Scope of Develop- ment and the Grant Deed. 32. Maintenance of the Site. The Developer shall maintain the improvements on the Site and shall keep the Site free from any accumulation of debris or waste materials. The Developer shall also maintain the landscaping required to be planted under the Scope of Development in a healthy condition. 3 3. Obligation to Refrain from Discrimination. The Developer covenants and agrees that there shall be no discrimination against or segregation of any person, or group of persons/ on account of sex, marital status, race, color, creed, national origin or ancestry in the sale, lease, sub- lease, transfer, use, occupancy, tenure or enjoyment of the Site nor shall the Developer himself establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or vendees of the Site. 3 4. Form of Nondiscrimination and Nonsegregation Clause. All deeds, leases or contracts with respect to the Site, shall contain or be subject to the nondiscrimination and nonsegregation clauses identical to those set forth in Section 33000 efc seq., of the California Health and Safety Code. 35. Effect and Duration of Covenants. The cove- nants established in this Agreement, shall without regard to technical classification and designation, be binding on Developer for the benefit and in favor of the Agency and the City. Except as set forth in the following sentence, the covenants contained in this Agreement shall remain in effect until July 15, 2009, unless the Agreement provides for their earlier termination. The covenants against discrimination, as described in Sections 33 and 34 hereof, shall remain in perpetuity. 36. Defaults General. The failure or delay by either party to timely perform each term or provision of this Agreement constitutes a default under this Agreement. The party who so fails or delays must immediately commence to cure, correct, or remedy such failure or delay and shall complete such cure, correction or remedy with reasonable diligence, The injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. Except as required to protect against further damages, and except as otherwise expressly provided in Section 41, of this Agreement, the injured party may not institute legal proceedings against the party in default until thirty 30) days after giving such notice. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default. 12- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxB37. Institution of Legal Actions. In addition to any other rights or remedies, either party may institute legal action to cure, correct, or remedy any default, to recover damages for any default, or to obtain any other remedy consistent with the purpose of this Agreement. Such legal actions must be instituted in the Superior Court of the County of Los Angeles, State of California. 38. Applicable Law. The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 39. Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 4 0. Remedies and Rights of Termination Prior to Conveyance of the Site. Damages. If the Agency defaults with regard to any of the provisions of this Agreement prior to conveyance of the entire Site, the Developer shall serve written notice of such default upon the Agency, If the default is not cured or commenced to be cured by the Agency within thirty 30) days after service of notice of default, the Agency shall be liable to the other party for damages caused by such default, except as limited by Subsection 3 of this Section. 2. Specific Performance. If the Agency defaults under any of the provisions of this Agreement pr ior to conveyance of the entire Site, the Developer shall serve written notice of such default upon the Agency. If the default is not commenced to be cured by the Agency within ninety 90) days of service of the notice default, the Developer at its option, may insti- tute an action for specific performance of the terms of this Agreement. Termination by Developer. In the event that prior to conveyance of the Site: a) the Agency does not tender conveyance of the Site or possession thereof, in the manner and condition and by the date provided in this Agreement, and if any such default or failure shall not be cured within thirty 30) days after the date of written demand by the Developer," or b) the Developer submits written evi- dence to the Agency that the soil conditions of each lot are not suitable for the development, sub- ject to the provisions of Section 15 hereof, and if the Agency does not correct such condition within sixty 60) days from the date of Agency's receipt of such evidence, or 13- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBc) the Agency has not obtained rezoning of the Site from the City of Baldwin Park, within the time established by the Schedule of Performance, then this Agreement with respect to any unconveyed por- tion of the Site, shall at the option of the Developer, be terminated by written notice thereof to the Agency. Except with respect to the return of the Deposit as provided in Section 42 hereof/ neither the Agency nor the Developer shall have any further rights against or liability to the other under the Agreement with respect to any unconveyed lot. 4. Termination by Agency. In the event that pr ior to the conveyance of title to the Site, to the Developer and in violation of this Agreement: a) the Developer assigns or attempts to assign this Agreement or any right therein or to the Site; or b) there is substantial change in the ownership of the Developer, or with respect to the identity of the parties in control of Developer, or the degree thereof contrary to the provisions of Section 5 hereof; or c) the Developer does not submit Draw- ings as required by the Agreement by the dates respectively provided in this Agreement therefor; or d) the Developer does not pay the purchase price and take title to the Site under tender of conveyance by the Agency pursuant to this Agreement; or e) if any default or failure referred to in subdivisions c) or d) of this Section shall not be cured within thirty 30) days after the date of written demand by the Agency, then this Agreement with respect to any unconveyed por- tion of the Site, and any rights of the Developer, in this Agreement with respect to any unconveyed portion of the Site, or arising therefrom with respect to the Agency, shall at the option of the Agency, be terminated by the Agency. In the event of such termination, the good faith deposit Section 42) shall be retained by Agency as liquidated damages and as its property without any deduction, offsetr or recoupment whatsoever. In this respect, time is deemed, for all purposes, to be of the essence of this Agreement. Agency and Developer agree that it would be impractical or extremely difficult to fix actual damages in case or Developer's default, that the amount of said deposit is a reasonable estimate of the damages and neither the Developer nor the Agency shall have any further rights against or liability to the other under this Agreement with respect to any unconveyed portion of the Site if Agency so terminates this Agreement. If the Agency terminates this Agreement 14- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBafter conveyance to Developer of a portion of the Site, this Agreement shall remain in effect as to that portion previously conveyed. Said right of termination and retention of the good faith deposit as liquidated damages shall be Agency* s sole and exclusive remedy against Developer with respect to any unconveyed portion of the Site, in the event of Developer's default or failure as provided above prior to conveyance of title thereto. Developer recognizes that Developer's prompt purchase and develop- ment of the Site in accordance with this Agreement is of critical importance to the Agency * s ability: 1) to carry out its other activities within the Project from the proceeds of the purchase price, and 2) to repay existing tax allocation bonds and to obtain other financing from the tax increment which will be generated by this development pursuant to California Health & Safety Code Section 33670 et seq. Developer further recognizes that the amount of the good faith deposit is based not only upon the purchase price as set forth in this Agreement, but also upon Agency's investment in the Site. 41. Remedies of the Parties for Default After passage of Title to Each Lot and Prior to Completion of Construction. 1. Termination and Damages. After convey- ance of title to the Site, and prior to the recordation of a Certificate of Completion for such, if either the Developer or the Agency defaults with regard to any of the provisions of this Agreement the nondefaulting party shall serve written notice of such default upon the defaulting party. If the default is not cured or com- menced to be cured by the defaulting party within ninety 90) days after service of the notice of default, the defaulting party shall be liable to the other party for such damages caused by such default and such other relief, including without limitation, the right to ter- minate the Agreement, as are afforded by applicable law. 2. Action for Specific Performance. After the conveyance of title to the Site and prior to the recordation of a Certificate of Completion for such, if either the Developer or the Agency defaults under any of the provisions of this Agreement, the nondefaulting party shall serve written notice of such default upon the defaulting party. If the default is not commenced to be cured by the defaulting party within ninety 90) days after service of the notice of default, the nonde- faulting party at its option may institute an action for specific performance of the terms of this Agreement. 3. Right of Reverter. The Agency shall have the additional right, at its option, to re-enter and take possession of all or any portion of the Site actually conveyed, with all improvements thereon, and to terminate and revest in the Agency the estate conveyed to the Developer, if after conveyance of title and prior to the recordation of the Certificate of Completion, the Developer shall; 15, BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBa) fail to commence construction of the improvements as required by this Agreement for a period of ninety 90) days after written notice to proceed from the Agency; or b) abandon or substantially suspend con- struction of the improvements for a period ninety 90) days after written notice protesting such abandonment or suspension from the Agency; or c) transfer, or suffer any involuntary transfer of the Site or any part thereof, in violation of this Agreement and such violation shall not be cured within ninety 90) days after written demand by Agency to Developer. The right to re-enter, repossess, terminate and revest shall be subject to and be limited by and shall not defeat, render invalid or limits a) any mortgage permitted by this Agree- ment 7 b) any rights or interests provided in this Agreement for the protection of the holders of such mortgages. The Deed shall contain appropriate reference and provision to give effect to the Agency* s rights, as set forth in this Section under specified circumstances prior to recordation of the Certificate of Completion to re-enter and take possession of each lot with all improvements thereon and to terminate and reinvest in the Agency the estate conveyed to the Developer. Upon the revesting in the Agency of the title to the Site, the Agency shall use its best efforts to resell the Site as soon and in such manner as the Agency shall find feasible and consistent with the objectives of such law and of the Redevelopment Plan to a qualified and responsible party or parties, as determined by the Agency, who shall assume the obligation of making or completing the improvements. Upon such resale of the Site, the proceeds thereof shall be applied: a) First, to reimburse the Agency, and/or the City for all costs and expenses incurred by the Agency or City, including but not limited to, salaries to personnel engaged in such action, including general overhead expense, in connection with the recapture, management, and resale of the Site but less any income derived by the Agency from the Site or part thereof in connection with such management; all taxes, assessments and water and sewer charges with respect to the Site or, in the event that the Site is exempt from taxation or assessment or such charges during the period of ownership, then such taxes, assessments, or charges, as determined by the City, as would have been pay- able if the Site were not so exempt; any payments made or necessary to be made to discharge or prevent from attaching or being made any subsequent 16- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBencumbrances or liens due to obligations incurred with respect to the making or completion of the agreed improvements or any part thereof on the Site; and amounts otherwise owning the Agency by the Developer; and b) Second, to reimburse the Developer, up to the amount equal to 1) the sum of the pur- chase price paid to the Agency by the Developer for the Site, 2) the costs incurred for the development of the Site and for the agreed improvements existing on the Site at the time of the re-entry and repos- session, less 3) any gains or income withdrawn or made by the Developer from the Site or the improve- ments thereon. Any balance remaining after such reimbursements shall be retained by the Agency as its property. To the extent that the rights established in this Section involved a forfeiture, it must be strictly interpreted against the Agency, the party for whose benefit it is created. The rights established in this Section are to be interpreted in light of the fact that the Agency will convey such Site to the Developer for development and not for speculation in undeveloped land. 4:2 Good Faith Deposit. The Developer shall simul- taneously with the execution of this Agreement by the Agency, deliver to the Agency a good faith deposit in the amount of ten percent 10%) of the total purchase price of the Site as secur ity for the performance of those obligations of the Developer to be performed prior to the return of the deposit to the Developer, or its retention by the Agency as damages subsequent to conveyance, in accordance with the provisions of this Agreement. The good faith deposit, at the option of the Devel- oper, may be in the form of 1) cash; or 2) cashier's or certified check; or 3) negotiable certificates of deposit issued by a federal or state bank; or 4) any other form of security acceptable to Agency. The Developer may change the form of the deposit from time to time, at its option, to any other of the permitted forms of deposit. The deposit, if cash or certified or cashier's check, shall be deposited in an account of the Agency in a bank or trust company selected by it. The Agency shall be under no obligation to pay or earn interest on the deposit, but if interest shall accrue or be payable thereon, such interest, when received by the Agency, shall be the property of the Developer, and shall be promptly paid to the Developer. Upon termination of this Agreement by the Agency pursuant to Subsection 4 of Section 40 hereof, because of a default of the Developer, the entire deposit, including all interest payable thereon after such termination, shall be retained by the Agency as provided therein. 17- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBUp termination of this Agreement by the Developer pursuant to Section 40, the deposit shall be returned to the Developer by the Agency. If the Agreement is not earlier terminated, the deposit shall be returned to the Developer upon conveyance of title to the Site. Notices. Notices pursuant to this Agreement shall be given by personal service or by United States Postal Service, postage pre-paid, addressed as follows: a) AGENCY: Community Redevelopment Agency of the City of Baldwin Park 14403 East Pacific Avenue Baldwin Park, California 91706 b) DEVELOPER: or such other place or places as the parties may from time to time designate in writing. Notices given in accordance here- with shall be binding for all purposes on parties so served. Service shall be deemed given as of the date of personal service, or, two consecutive calendar days after the date of deposit of the same into the course of transmission of the United States Postal Service. 44. Conflict of Interests. No member, official or employee of the Agency shall have any personal interest, direct or indirect, in this Agreement nor shall any such mem- ber, official or employee participate in any decision relating to the Agreement which affects his personal interests or the interests of any corporation, partnership or association in which it is, directly or indirectly, interested. The Developer warrants that it has not paid or given, and will not pay or give, any third party any money or other consideration for obtaining this Agreement. 4 5. Nonliability of Agency Officials and Employees. No member, official or employee of the Agency shall be per- sonally 1iable to the Developer, or any successor in interest, in the event of any default or breach by the Agency or for any amount which may become due to the Developer or successor or on any obiigations under the terms of this Agreement. 4 6. Enforced Delay: Extension of Times of Perfor- mance. In addition to specific provisions of this Agreement performance by either party hereunder shall not be deemed to be in default where delays or defaults are due to war; insur- rections; strikes; lock-outs; riots; floods; earthquakes; fires; casualities; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; lack of transportation; governmental restrictions or priority/- litigation including, but not limited to, condemnation and unlawful detainer actions against existing tenants); unusually severe weather; inability to secure necessary labor, materials and tools; delays of any contractor, subcontractor or sup- plier; acts of the other party; acts or failure to act of any other public or governmental entity or any other causes beyond 18- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBthe control or without the fault of the party claiming an extension of time to perform. An extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty 30) days of the com- mencement of the cause. Times of performance under this Agreement may also be extended in writing by the Agency and the Developer. 47. Inspection of Books and Records. The Agency has the right at all reasonable times to inspect the books and records of the Developer pertaining to the Site as pertinent to the purposes of this Agreement. The Developer also has the right at all reasonable times to inspect the books and records of the Agency pertaining to the Site as pertinent to the purposes of the Agreement. 48. Approvals. Approvals required of the Agency or the Developer shall not be unreasonably withheld. 49. Redevelopment Plan Amendment. Any amendments to the Redevelopment Plan which would otherwise change any material provision of this Agreement shall not be effective as to the Site unless the written consent of the Developer is first obtained. Amendments of the Redevelopment Plan applying to other property in the Project area shall not require the consent of the Developer. 50. Real Estate Commission. The Agency represents that it has not retained any broker or finder in connection witn this Agreement. The Agency shall not be liable for any real estate commissions, brokerage fees or finder's fees which may arise from this Agreement. The Developer represents that it has not retained any broker or finder in connection with this Agreement. Developer shall not be liable for any real estate commission, brokerage fees or finder's fees which may arise from this Agreement. 51. Easements. Any easements or covenants which Developer proposes for the use, operation or maintenance of the Site shall be submitted to Agency for its approval prior to recordation of such easements or covenants. This require- ment shall only apply to easements or covenants which are to be created prior to completion of all construction upon the Site. 52. Entire Agreement, Waivers and Amendments. This Agreement is executed in three 3) duplicate originals, each of which is deemed to be an original. This Agreement includes twenty 20) pages and attachments, which constitute the entire understanding and agreement of the parties. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and super- sedes all negotiations or previous agreements between the parties with respect to all or any part of the subject matter hereof. 19- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBAll amendments hereto roust be in writing and signed by the appropriate authorities of the Agency and the Developer 53. Time for Acceptance of Agreement by Agency. This Agreement, when executed by the Developer and delivered to the Agency, must be authorized, executed and delivered by the Agency within thirty 30) days after date of signature by the Developer or this Agreement shall be voidable/ upon notice in writing from Developer. The date of this Agreement shall be the date when the Agreement shall have been signed by the Agency. IN WITNESS WHEREOF, the Agency and the Developer have executed this Agreement as of the dates set opposite their signature. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF BALDWIN PARK By By 20- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBREDEVELOPMENT PLAN FOR THE PUENTE-MERCED REDEVELOPMENT PROJECT ATTACHMENT NO. 1 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBREDEVELOPMENT PLAN FOR THE PUENTE-MERCED REDEVELOPMENT PROJECT I. SECTION 100) INTRODUCTION The Redevelopment Plan for the Puente-Merced Redevelopment Project consists of Part I Text) and Part II Map). This Plan has been prepared by the Baldwin Park Redevelopment Agency, City of Baldwin Park, California, pursuant to the California Community Redevelopment Law Health and Safety Code Section 33000 et seq.), the Constitution of the State of California, and all applicable local codes and ordinances. II. SECTION 200) GENERAL DEFINITIONS The following definitions will be used in this Plan unless the context otherwise requires: A. Agency" means the Baldwin Park Redevelopment Agency, City of Baldwin Park, California. B. City" means the City of Baldwin Park, California. C. City Council" means the City Council of the City of Baldwin Park/ California. D. County" means the County of Los Angeles, California. E. Map" means the Redevelopment Plan Map for the Puente-Merced Redevelopment Project. BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBF. Owner" means any individual or entity owning real property" as defined herein. G. Person" means any individual, or any public or private legal entity. H. Plan" means the Redevelopment Plan for the Puente- Merced Redevelopment Project. I, Planning Commission" means the Planning Commission of the City of Baldwin Park, California. J. Project" means any undertaking of the Agency pursuant to this Plan. K. Project Area" means the area included within the boundaries of the Puente-Merced Redevelopment Project. L. Real Property" means land, buildings, structures, fixtures, and improvements on the land; property appurtenant to, or used in connection with the land; every estate, interest, privilege/ easement/ franchise, and right in land/ including rights-of-way, terms for years, and liens, charges, or encumbrances by way of judgement, mortgage; or otherwise indebtedness secured by such liens. M. Redevelopment Law" means the Community Redevelopment Law of the State of California California Health and Safety Code Section 33000 et seq.). N. State" means the State of California. BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBIII. SECTION 300) PROJECT AREA BOUNDARIES The boundaries of the Puente-Merced Redevelopment Project are shown on the Map. The legal description of the boundaries of the Project are as follows: That portion in the City of Baldwin Park, County of Los Angeles, State of California included with- in a parcel of land bounded and described as follows: Beginning at the most northerly corner of Parcel 6, as shown on that certain State of California Relinquishment Map 909, recorded in the State Highway Map Book No. 12, page 86, on December 13, 1974, in the office of the County Recorder for Los Angeles County; thence northwesterly along the northwesterly prolongation of the northeasterly line of said Parcel 6 to its intersection with the south- westerly prolongation of the northwesterly line of Puente Avenue 60 feet wide, as shown on said Relinquishmenfc Map 909; thence northeasterly along said southwesterly prolongation and along said northwesterly line of Puente Avenue a distance of 955 feet more or less to the northwesterly prolong- ation of the northeasterly line of Lot 56 of El Monte Walnut Place in the City of Baldwin Park, as per map recorded in Book 6, page 104 of Maps in the office of the County Recorder for Los Angeles County; thence southeasterly along said last mentioned northwesterly prolongation and along said northeasterly line of said Lot 56 a distance of 987.36 feet more or less to the most easterly corner of Lot 56; thence southwesterly along the southeasterly boundary of the City of Baldwin Park a distance of 472 feet more or less to the south- easterly corner of Parcel 4 of the State Relinquish- ment Map 909 recorded in the State Highway Map Book No. 12, page 85, on December 13, 1974, in the Office of the County Recorder of Los Angeles County; thence South 82°38'41" West along the southerly line of said Parcel 4, said line also being the southerly line of Garvey Avenue as it existed March 1, 1978), a distance of 190.99 feet; thence westerly along a tangent curve concave to the north and having a radius of 2,018 feet, through a central angle of 3- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxB5°08'14"/ an arc distance of 180.94 feet; thence continuing westerly along said southerly line of Parcel 4 along a compound curve concave to the north and shown on said Relinquishment Map 909 as having a radius of 668 feet through a central angle of 21°07*07" an arc distance of 246.22 feet to its point of ending; thence northwesterly in a direct line to a point in the southwesterly line of Merced Avenue said line also being the south- easterly prolongation of the northwesterly line of said Parcel 6), distant 161 feet southeasterly measured along said southwesterly line of Merced Avenue from the point of beginning; thence North 48°44'25" West to the point of beginning. IV. SECTION 400) PROPOSED REDEVELOPMENT ACTIONS The Agency proposes to eliminate and prevent the spread of blight and deterioration in the Project Area by: 1) the acquisition of certain real property; and 2) providing relocation assistance to qualified residential, commercial and industrial land occupiers; and 3) the demolition or removal of certain buildings and/or improvements; and 4) the installation, construction or reconstruction of streets, utilities, and other public and/or private improvements; and 5) the disposition for re-use of property acquired for redevelopment in accordance with this Plan. A. Section 401) Acquisition of Real Property r The Agency may, but is not required to, acquire all real property located in the Project Area. The Agency is authorized to acquire real property by 4- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBpurchase/ lease/ g.rtt, grant, bequest/ devise, or other means authorized by law, including, but not limited to the exercise of the power of eminent domain, It is in the public interest and is necessary in order to eliminate the conditions requiring redevelopment that the Agency be authorized to acquire real property within the Project Area. The Agency shall not acquire real property to be retained by an owner pursuant to a participation agreement if the owner fully performs under the Agreement, The Agency shall not acquire interests in oil, gas or other mineral substances within the Project Area/ except where such acquisition is necessary to prevent recovery and/or production or extraction of such oil, gas or other mineral substances within the Project Area/ or within 500 feet of the surface of land within the Project Area. B. Section 402) Acquisition of Personal Property Generally, personal property shall not be acquired/- however / where necessary to achieve the purposes of this Plan, the Agency is authorized to acquire personal property within the Project Area by any law ful means. C. Section 403) Time for Commencement of Eminent Domain Action 5 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBUnless amended by legislative action, all actions for acquisition of property within the Project Area by eminent domain shall commence within twelve years of the date of adoption of the Plan/- this time limit shall not limit any actions in progress prior to the expiration of said twelve year period. D. Section 404) Property Management During such time as property in the Project Area is owned by the Agency, such property shall be under the management and control of the Agency. The Agency is authorized to rent or lease such property pending its disposition for redevelopment purposes. The Agency is authorized, but not required/ in any year during which it owns property in the Project Area, to pay directly to the City, County or other taxing agency which would have levied a tax upon such property had it not been exempt, an amount of money in lieu of taxes. The Agency is also authorized to pay to any taxing agency with territory located within the Project Area, an amount of money which in the Agency's determination is appropriate to alleviate any financial burden or detriment caused to such Agency by the Project. E. Section 405) Relocation The Agency shall assist all persons, including business concerns, displaced by the Project in finding BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBalternative locations and facilities. The Agency shall provide to all such displaced persons all advisory assistance and services and all relocation payments authorized by law. F. Section 406) Demolition, Clearance and Site Preparation The Agency is authorized to demolish and clear buildings, structures, and other improvements from any real property in the Project Area as necessary to carry out the purposes of this Plan. In the manner prescribed by law, the Agency is also authorized to prepare or cause to be prepared as building sites, any real property in the Project Area owned or acquired by the Agency. Whenever dwelling units housing persons and families of low or moderate income are destroyed or removed from the low- and moderate-income housing market as a result of the Project, the Agency shall, within four years of such destruction or removal, rehabilitate, develop or construct, or cause to be rehabilitated, developed, or constructed, for rental or sale to persons and families of low or moderate income an equal number of replacement dwellings, at affordable rents or prices, within the territorial jurisdiction of the Agency. G. Section 407) Public Improvements, Public Facilities, and Public Utilities The Agency is authorized to install and construct or BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx Bcause to be installed and constructed the public improvements and public utilities necessary to carry out the purposes of this Plan. Such improvements may be made within or outside of the Project Area. As illustrated on the Redevelopment Plan Map/ existing public streets and rights-of-way within the Project Area may be altered or modified as necessary to insure a circulation system which will allow for the highest and best use of the land with- in the Project Area. The following public improvements may be provided by the Agency or may be provided by the City or other public corporation with reimbursement of all or a portion of attendant costs to be made by the Agency upon the appropriate determination and findings of the City Council as required by Section 33445 of the Redevelopment Law: 1) New or reconstructed streets and other public ways; and 2) Water, sewer or other utility systems; and 3) Street lighting, street furniture and other similar improvements; and 4) Off-street parking facilities. H. Section 408) Property Disposition and Development For the purposes of this Plan, the Agency is authorized to sell, lease, exchange, subdivide, transfer, assign, pledge, encumber by mortgage or BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx!Bdeed of trust, or otherwise dispose of any interest in real or personal property. To the extent permitted by law, the Agency is authorized to dispose of real property by negotiated leases or sales without public bidding. All real property acquired by the Agency in the Project Area shall be sold or leased to public or private persons or entities for development for the uses permitted by this Plan. Real property may be conveyed by the Agency to the City without charge. Property containing buildings or structures rehabilitated by the Agency shall be offered for sale within one year after completion of rehabilitation or annual report concerning such property shall be published by the Agency as required by law. To provide adequate safeguards to ensure that the provisions of this Plan will be carried out and to prevent the recurrence of blight, all real property sold, leased, or conveyed by the Agency shall be made subject to the provisions of this Plan by deeds, contracts, leases/ agreements, declarations of restrictions, provisions of the zoning ordinance, and other means. Where appropriate, as determined by the Agency, such documents or portions thereof shall be recorded in the Office of the Recorder of the County. The deeds, contracts, agreements, leases and declarations of restrictions may contain restrictions, covenants running with the land, right of reverter, conditions subsequent, equitable servitudes, or any other provisions necessary to carry out this Plan. 9 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx"BI. Section 409) Purchase and Development Documents Ail property in the Project Area sold, leased, or conveyed by the Agency shall be made subject by appropriate documents to the restriction that there shall be no discrimination or segregation based upon race/ color, creed/ religion, sex, marital status, national origin, or ancestry in the sale/ lease, sub- lease, transfer/ use, occupancy, tenure/ or enjoyment of property within the Project Area. All deeds, leases, or contracts for the sale, lease, sublease, or other transfer of any land within the Project Area shall contain or be subject to the nondiscrimination or nonsegregation clauses required by this Plan or hereafter prescribed by law. Express provisions shall be included in all deeds, leases and contracts which the Agency proposes to enter into with respect to the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of any land in a redevelopment project in substantially the following form: In deeds the following language shall appear-- The grantee herein covenants by and for him- self, his heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, national origin, or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure, or enjoyment of the premises herein conveyed, nor shall the 10- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx#Bgrantee himself or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants/ sublessees, or vendees in the premises herein conveyed. The foregoing covenants shall run with the land." In leases, the following language shall appear-- The lessee herein covenants by and for him- self, his heirs, executors/ administrators, and assigns/ and all persons claiming under or through him/ and this lease is made and accepted upon and subject to the following conditions: That there shall be no discrimination against or segregation of any person or group of persons, on account of race, color, creed, religion, sex, marital status, national origin, or ancestry, in the leasing, sub- leasing, transferring, use, occupancy, tenure, or enjoyment of the premises herein leased, nor shall the lessee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use/ or occupancy, of tenants, lessees, sublesees, subtenants, or vendees in the premises herein leased." j. Section 410) Participation by Owners and Tenants 11- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx$BThe Agency is authorized to permit persons who are owners or tenants of residential, business and other types of real property in the Project Area to be given the opportunity to participate in redevelopment by rehabilitation, by retention of improvements, or by new development by retention of all or a portion of their properties/ by acquiring adjacent or other properties in the Project Area/ or by selling their properties to the Agency and purchasing other properties in the Project Area. In the event an owner/participant fails or refuses to rehabilitate or newly develop his real property pursuant to this Plan and the Agreement therefore, the real property or any interest therein may be acquired by the Agency and sold or leased for rehabilitation or development in accordance with this Plan. If conflicts develop between the desires of participants for particular sites or land uses, the Agency is authorized to establish reasonable priorities and preferences among the owner and tenants In addition to opportunities for participation by individual persons and firms/ participation to the extent it is feasible shall be available for two or more persons, firms or institutions, to join together in partnerships/ corporations, or other joint entities Participation opportunities shall necessarily be subject to and limited by such factors as the expansion of public facilities; elimination and 12- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx%Band changing of land uses; realignment of streets; the ability of owners to finance acquisition and development in accordance with the Plan; any reduction in the total number of individual parcels in the Project Area, and development of a site for the uses intended by this Plan. K. Section 411) Rules for Participation Opportunities The Agency shall provide an opportunity to owners and tenants in the Project Area to participate in the growth and development of the Project Area. The Agency has heretofore promulgated rules for owner and tenant participation. L. Section 412) Participation Agreements Each person desiring to become a participant shall enter into a binding agreement with the Agency by which the participant agrees to rehabilitate, develop/ or use the property in conformance with the Plan and to be subject to the provisions hereof. In such agreements/ owner and tenant participants shall be required to join in the recordation of such documents as are necessary to make the provisions of this Plan applicable to their properties subject to such owner participation agreements. Reasonable preferences shall be extended to persons who are engaged in business in the Project Area to reenter in business within the Project Area provided that they otherwise meet the requirements of this Plan 13- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx&BM. Section 413) Rehabilitation The Agency is authorized to acquire and rehabilitate or to cause to be rehabilitated any building or structure within the Project Area. The Agency is also authorized to advise, encourage, and assist in the rehabilitation of property in the Project Area not owned by the Agency. N. Section 414) Development To the extent now or hereafter permitted by law, the Agency is authorized to pay for, or construct/ any buildings, facilities, structures or other improve- ments, within or outside the Project Area, for itself or for any public body or entity to the extent that such improvement would be of benefit to the Project Area. V. SECTION 500) USES PERMITTED AND DEVELOPMENT GUIDELINES A. Section 501) General Objectives The general objectives of the Puente-Merced Redevelop- ment Project are to eliminate and arrest the spread of blight within the Project Area, and to increase the viability of the area as a commercial element of the City's economic base. B. Section 502) Map The Map illustrates the land uses to be permitted within the Project Area as well as the location of 14- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx'Bthe Project Area and the proposed public rights-of- way. All development within the Project Area shall conform with the land uses indicated on the Map. C. Section 503) Land Uses General retail and service commercial uses are to be permitted within the Project Area. Such uses may include, but not necessarily be limited to, automobile sales and service establishments, restaurants/ and attendant public and/or private parking facilities. D. Section 504) Rights-of-Way and Circulation Principal streets within the Project Area are shown on the Map and are as follows: 1) Puente Avenue 2) Garvey Avenue E. Section 505) Development Standards All real property within the Project Area is hereby made subject to the controls and requirements of this Plan. No real property shall be developed, rehabilitated, or otherwise changed after the date of this Plan except in conformance with the provisions of this Plan. Except as inconsistent with this Plan, all require- ments of the City's Zoning regulations as they now exist, or as they hereafter are amended, shall apply to development and redevelopment within the Project Area 15- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx(BThe Agency is authorized with respect to individual development or rehabilitation proposals to establish such additional development standards as may be necessary to assure that the objectives of this Plan are met. Such standards may exceed the requirements of the City's Zoning Regulations. 1' Section 506) Yard and Lot Sizes The Agency is authorized to establish yard and lot area requirements for all new development within the Project Area which may exceed re- quirements of the City's Zoning Regulations. 2. Section 507) Landscaping and Screening The Agency is authorized to require that adequate landscaping and screening be provided for each new development or rehabilitation project proposed within the Project Area. The Agency additionally is authorized to require enclosing or screening of all outdoor storage of equipment or materials, and of loading and service areas appurtenant to permitted land uses. 3. Section 508) Utilities All on-site utilities shall be placed under- ground, except where the Agency determines that such is not economically or physically feasible. 4. Section 509) Height and Bulk Limitations Except as specifically set forth in this Plan, 16- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx)Bthere shall be no limitation on the type, size, height or proposed use of buildings within the Project Area, other than those set forth in the City's Zoning Regulations with respect to the particular land use involved. The number of buildings in the project area shall not exceed thirty 305. 5. Section 510) Approximate Number of Dwelling Units The number of dwelling units presently in the Project Area is thirteen 13). No dwelling units are to be developed or permitted within the Project Area as a result of this Plan. 6. Section 511) Open Spaces The approximate amount of open space to be provided in the Project Area is the total of all areas which will be in the public rights-of-way, the space around buildings, and all other outdoor areas not permitted to be covered by buildings. 7. jSection 512) Compatibility of Development With Surrounding Uses and Buffering No use or structure, which by reason of appearance/ traffic, smoke, glare, noise, odor, or similar factors which would be incompatible with surrounding areas or structures shall be permitted within the Project Area. Within the Project Area there shall be no extraction of oil, 17- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx*Bgas/ or other mineral substances nor any opening or penetration for any such purpose connected therewith within five hundred feet of the surface, except with the express written approval of the Agency. Commercial development adjacent to residentially zoned proper' ties shall be developed to minimize the impact of noise, light, glare, and the visibility of commercial rear yards from such residential properties in conformance with development standards articulated by the City's Zoning Ordinance or by standards established pursuant hereto by the Agency. F. Section 513) Development Approvals No new improvement shall be constructed and no existing improvement shall be substantially modified, altered, repaired, or rehabilitated except in accordance with architectural/ landscape, and site plans submitted to and approved in writing by the Agency. Such plans shall conform to all provisions of this Plan, and shall reflect attention to good design, open space, and other amenities necessary to enhance the aesthetic quality of the Project Area. G. Section 514) New Construction All new construction shall comply with this Plan, and all applicable State and Local laws. H, Section 515) Existing Uses The Agency is authorized to permit an existing use 18 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx+Bto remain in an existing building, which does not conform to the provisions of this Plan, provided that such use is found by the Agency to be generally compatible with the development and uses intended by this Plan for the Project Area. The owner of such a property must be willing to enter into a Participation Agreement and agree to the imposition of such reasonable restrictions as are necessary to protect the development and use of the Project Area. I. Section 517) Re-subdivision of Parcels No parcel in the Project Area, including any parcel retained by a conforming owner or participant, shall be re-subdivided without the aoproval of the Agency. J" Section 518) Nondiscrimination and Nonsegregation There shall be no discrimination against or segregation of, any person or group of persons/ on account of race, color, creed, religion, sex, marital status, national origin, or ancestry permitted in the sale, lease, sub-lease, transfer, use, occupancy, tenure, or enjoyment of property within the Project Area. K. Section 519) Development and Building Permits Within Project Area Upon the adoption of this Plan, no permit shall be issued for the construction of any new building or any addition to an existing building, or for 19- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx,Brehabilitation of any existing buildin9 for which the estimated cost exceeds $10,000, in the Project Area until the application for such permit has been approved by the Agency. Any permit that is * issued he re under must be for construction which conforms to the provisions of this Plan. r--, VI. SECTION 600) METHODS FOR FINANCING THE PROJECT A. Section 601) General Description of the Proposed Financing Methods Upon the adoption of this Plan by the City Council/ the Agency is authorized to finance this Project with financial assistance from the City/ the State of California, property tax increments, interest income, Agency bonds/ or any other available source/ public or private. Advances and loans for planning and operating capital, and for nominal administration of this Project may be provided by the City until adequate tax increments or other funds are available or sufficiently assured to repay the loans and to permit borrowing adequate working capital from sources other than the City. The City, as it is able, may also supply additional assistance through City loans and grants for public improvements, public facilities and public utilities. The Agency is hereby authorized to obtain advances, borrow funds and create indebtedness in carrying out the Redevelopment Plan. 20- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx-BB• Section 602) Agency Bonds The Agency is authorized to issue bonds if needed and feasible in an amount sufficient to finance the Project. The principal and interest may be payable: 1. Exclusively from the income and revenue of the redevelopment projects financed with the proceeds of the bonds, or with such proceeds together with financial assistance from the City, State or Federal government in aid of the projects. 2. Exclusively from the income and revenues of certain designated redevelopment projects whether or not they were financed in whole or in part with the proceeds of the bonds. 3. In whole in in part from taxes allocated to, and paid into a special fund of the Agency. 4. From its revenues generally. 5. From any contributions or other financial assistance from the City, State or Federal government. 6. By any combination of these methods. The amount of bonded indebtedness outstanding at any one time, to be paid in whole or in part; from the allocation of taxes, described in Section 603, shall not exceed the sum of $1.25 million, principal amount 21- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx.BC. Section 603) Tax Increments All taxes levied upon taxable property within the Project each year by or for the benefit of the State of California, County of Los Angeles, City of Baldwin Park, any district/ or other public corporation hereinafter sometimes called taxing agencies") after the effective date of the ordinance approving this Redevelopment Plan, shall be divided as follows: 1. That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of said taxing agencies upon the total sum of the assessed value of the taxable property in the Redevelopment Project as shown upon the assessment roll used in connection with the taxation of such property by such taxing agency/ last equalized prior to the effective date of such ordinance, shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for said taxing agencies on all other property are paid for the purpose of allocating taxes levied by or for any taxing agency or agencies which did not include the territory of the Project on the effective date of such ordinance but to which such territory is annexed or otherwise included after such effective date, the assessment roll of the County of Los Angeles last equalized on the effective date of said ordinance shall be used in determining the assessed valuation of the taxable property in the Project on said effective date); and 22- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx/B2. That portion of said levied taxes each year in excess of such amount shall be allocated to and when collected shall be paid into a special fund of the Agency to pay the principal of and interest on bonds, loans, monies advanced to/ or indebtedness whether funded, refunded, assumed, or otherwise) incurred by the Agency to finance or refinance, in whole or in part, this Redevelopmen t Project. Unless and until the total assessed value of the taxable property in the Project exceeds the total assessed value of the taxable property in the Project as shown by the last equalized assessment roll referred to in Paragraph 1 hereof, all of the taxes levied and collected upon the taxable property in the Project shall be paid into funds of the respective taxing agencies. When said bonds, loans, advances and indebtedness, if any/ and interest thereon, have been paid, all monies thereafter received from taxes upon the taxable property in the Project shall be paid into the funds of the respective taxing agencies as taxes on all other property are paid. The limit on the number of dollars which may be provided and allocated to the Agency pursuant to Section 603(2) of this Plan and Section 33670(b) of the Redevelopment Law is $3.75 million. Such portion of realty taxes shall not be divided nor allocated to the Agency beyond such dollar limitation, except by amendment to this Plan. The portion of taxes described in Paragraph 2 may be irrevocably pledged for the payment of the principal 23- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx0Bof and interest on the advance of monies, or making of loans, or the incurring of any indebtedness whether funded, refunded, assumed, or otherwise) by the Redevelopment Agency to finance or refinance in whole or in part the Project. Loans, advances and other indebtedness to be repaid from such allocation of taxes may be established at any time within 30 years of the adoption of this Plan. Such indebtedness may not be established subsequent to expiration of said 30 year period. Such loans, advances, or indebtedness may be repaid over a period of time longer than such time limit. The Agency is authorized to make such pledges as to specific advances/ loans and indebtedness as appropriate in carrying out the Project. D. Section 604) Other Loans and Grants Any other loans, grants, or financial assistance from the Unites States, the State of California, City of Baldwin Park, or any other public or private source may be utilized by the Agency if desired and when they become available. VI1. SECTION 700) ACTIONS BY THE CITY The City shall aid and cooperate with the Agency in carrying out this Plan and shall take all actions necessary to insure the continued fulfillment of'this Plan and to prevent the recurrence or spread in the area of conditions causing blight. Action by the City may include, but not be limited to, the following: 24 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx1B1. Section 701) Institution and completion of proceedings for opening, closing, vacating, wideninc-;, or changing the grades of streets, alleys, and other public rights-of-way, and for other necessary modifications of the streets, the street layout, and other public rights-of-way in the Project Area. Such action by the City shall include proceedings for the abandonment and relocation by the public utility companies of their operations in public rights-of-way as appropriate to carry out this Plan. 2. Section 702) Institution and completion of proceedings necessary for changes and improvements in publicly-owned public utilities within or affecting the Project Area. 3. Section 703) Provisions for administrative enforcement of this Plan by the City after development. The City and the Agency shall develop and provide for enforcement of a program for continued maintenance by owners of all real property, both public and private, within the Project Area throughout the duration of this Plan. 4. Section 704) Performance of the above, and of all other functions and services relating to public health/ safety, and physical development normally rendered in accordance 25- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx2Bwith a schedule which will permit the redevelopment of the Project Area to be commenced and carried to completion without unnecessary delays. 5. Section 705) The undertaking and completing of any other proceedings necessary to carry out the Project. 6. Section 706) The City of Baldwin Park may finance activities of the Agency either through loans or grants. All monies expended by the City on behalf of the Agency shall, unless otherwise established at the time the expenditure is made, be treated as loans to the Agency which shall be repaid to the City. Such loans shall be on terms established by the City and the Agency. The obligation of the Agency to repay any such loan or any interest thereon shall be subordinate to any other financial oblications of the Agency. VIII. SECTION 800) ENFORCEMENT After development, the administrative enforcement of this Plan or other documents implementing this Plan, shall be performed by the City and/or the Agency. The provisions of this Plan or other documents entered into pursuant to this Plan may also be enforced by court litigation instituted by either the Agency or the City. Such remedies may include, but are not limited to/ specific performance, damages, reentry, injunctions, or 26 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx3Bany other remedies appropriate to the purposes of this Plan. In addition, any recorded provisions which are expressly for the benefit of owners of property in the Project Area may be enforced by such owners. IX. SECTION 900) DURATION OF THIS PLAN Except for the nondiscrimination and nonseqregation provisions which shall run in perpetuity, the provisions of this Plan shall be effective for 40 years from the date of adoption of this Plan by the City Council. X. SECTION 1000) PROCEDURE FOR AMENDMENT This Plan may be amended by means of the procedure established in Sections 33450 33458 of the Redevelopment Law or by any other procedure hereafter established by law. 27- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx4B rJ 0 /-- v PUENTE / MERGED REDEVELOPMENT PLAN MAP ft sc/\u;; i rKin LAND USES: Illlll GOMIVIERCIAL PROJECT BOUNDARY BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx5BORDINANCE NO. 780 AM ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK APPROVING AMD ADOPTING THE REDEVELOPMENT PLAN FOR THE PUENTE-MERCED REDEVELOPMENT PROJECT WHEREAS, the Community Redevelopment Agency of the City of Baldwin Park, hereinafter Agency"), has formulated and prepared and approved a proposed Redevelopment Plan for the Puente-Merced Redevelopment Project and has recommended that this City Council approve said Redevelopment Plan/- and WHEREAS, the Planning Commission of the City of Baldwin Park has submitted its report and recommendation, recommending approval of said Plan; and WHEREAS, the Agency has heretofore adopted rules for owner participation, personnel rules, conflict of interest rules, rules implementing the provisions of the California Environmental Quality Control Act, relocation assistance guidelines, and a relocation plan; and WHEREAS, the Environmental Impact Report relating to said Plan was made available for review as required by law and all comments received thereon have been reviewed and ans-wered when appropriate and incorporated in said Environmental Impact Report; and WHEREAS, pursuant to notice duly given, the Agency and this City Council have held a full and fair public hearing on such Environmental Impact Report and plan are fully advised with respect thereto; and WHEREAS, all actions required by the Community Redevelopment Law and other applicable laws have been taken in an appropriate and timely manner; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DOES ORDAIN AS FOLLOWS: SECTION 1. The purposes and intent of the City Council with respect to the Project Area of the Puente-Merced Redevelopment Project are to: 1. Eliminate the conditions of blight in the Project Area; 2. Insure, as far as possible, that the cause of blighting conditions will be either eliminated or protected against? 3. Provide participation for owners and business tenants in the Project Area; 4. Encourage and insure the rehabilitation, rebuilding and development of the Project Area; ATTACHMENT NO. 2 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx1BORD. NO. 780 PAGE 2 5. Encourage and foster the economic revit»rJD¨sion of the Project Area; 6. Redevelop and rebuild the public facilities in the ProjÁßUˆuea to provide safer and more efficient public services. SECTION 2. The Redevelopment N~Péaor the Puente-Merced Redevelopment Project, transmitted by the Agency and on file with tÒ€D} sy Clerk, is hereby incorporated herein by reference and made a part hereof as fully as ifš–Jéhut at leigth herein hereinafter Plan"). SECTION 3. The City Council hereby finds and ’K[»jines that: 1. The Project Area is a blighted area/ the redevelop- ment of which i9B[ªbssary to effectuate the public purposes declared in the Community Redevelop- men>B!_¾< 2. The Plan will effectuate the redevelopment of the Project Area consistantly wi*NCJ¡b Community Redevelopment Law and the interests of the public peace/ health/ safety and wUì_»b; 3. The adoption and carrying out of the Pkan is economically sound and feasible; ÇèSé' The Plan conforms to the General Plan of the City of Baldwin Park; 5. The carrying õ¦a the Plan will promote the public peace/ health/ safety and welfare of the City of Balt÷PéWark and will efectuat® the purposes and policy of the Community Redevelopment Law; 6.ZF]j¡b condemnation of real property, as provided for in the Plan is necessary for execution ofÃ(Kªo Plan and adequate provisions have been made for payment for property to be acqriå¨t pro- vided by law; 7. The Agency has a feasible method/ and has adopted a plan/ fo¨ÏV¬'relocation of persons who may be displaced from housing facilities in the Project Area; :`ç' There are or are being provided in other areas, not generally less desirable than the p$M[ªs area, in regard to public utilities and public and commercial facilities and at rents o‚ L des within the financial means of the families and persons displaced from the Project Area, decent/ safe, and sanitary'dwellings equal in number to the number of and available to such displaced families and persons and reasonably accessible to their places of employment. 2- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx7BORD. NO. 780 PAGE 3 9. Inclusion of any lands, buildings, or improvements in the project area which are not detrimental to r the public health, safety, or welfare is necessary for the effective development of the area of which they are a part; that any such area included is necessary for effective redevelopment and is not included for the purpose of obtaining the allocation of tax increment revenues from such are pursuant to Section 33670 without other substantial justification for its inclusion. 10. The elimination of blight and the redevelopment of the project area could not be reasonably expected to be accomplished by private enterprise acting alone without the aid and assistance of the agency. 11. The City Council has determined that the effect of partial tax increment financing for this plan will not cause any financial burden upon or detriment to any taxing agency which now, or hereafter will, derive revenues from the project area. SECTION 4. The City Council is satisfied that permanent housing facilities will be available within three 3) years from the time occupants of the Project Area are displaced and that pending the development of such facilities there will be available to such displaced occupants adequate temporary housing facilities at rents comparable to those in the project area at the time of their displacement. SECTION 5. A full and fair public hearing having been held on the Plan and the Environmental Impact Report, as stated in the recitals herein, and the City Council having considered all evidence and testimony for and against the adoption of said Plan and all matters relating to the Environmental Impact Report and all written and oral objections thereto, and this City Council being fully advised in the premises, all written and oral objections to said Plan are hereby overruled. SECTION 6. The Plan incorporated herein by the references above, be, and hereby is, approved, adopted and designated as the official Redevelopment Plan for the Puente" Me reed Redevelopment Project and for the Project Area described therein. SECTION 7. In order to implement and facilitate the effectuation of the Plan-hereby approved and adopted, certain official action must be taken by tne City, and this City Council declares its intention to undertake and complete any proceedings necessary to be carried out by the City under the provisions of the Redevelopment Plan, including, without limita- tion, changes in zoning, the location and relocation of public facilities, and other similar public actions, and in pursuance thereof, and without limitation, the City Council hereby: a) Pledges its cooperation in helping to carry out such Redevelopment Plan; 3- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx8BORD. NO. 780 PAGE 4 b) Directs the various officials, departments, boards and agencies of the City of Baldwin Park having administrative responsibilities in the premises likewise to cooperate to such end and to exercise their respective functions and powers in a manner consistent with such Redevelopment Plan; and c) Agrees that any agreements, deeds or leases submitted by the Agency to the City Council for its approval or disapproval will be deemed approved if not acted upon within thirty 30) days after submission to the City Council. SECTION 8. The City Council may expend funds of the City of Baldwin Park from time to time in accordance with the applicable provisions of the Redevelopment Plan for the Puente- Merced Redevelopment Project. SECTION 9. The City Clerk is hereby directed to send a certified copy of this Ordinance to the Agency and the Agency is hereby vested with the responsibility for carrying our the Redevelopment Plan for the Puente-Merced Redevelopment Project. SECTION 10. The City Clerk is hereby directed to record with the County Recorder of Los Angeles County a descrip- tion of the land within the Project Area and a statement that proceedings for the redevelopment of the Project Area have been instituted under the Community Redevelopment Law. SECTION 11. The City Manager is hereby directed, for a period of two years after the effective date of this Ordinance, to advise all applicants for building permits within the Project Area that the site for which a building permit is sought for the construction of buildings or for other improve- ments is within a redevelopment project area, and that the issuance of such building permits is subject to provisions of such Plan. SECTION 12. The City Clerk is hereby directed to transmit, on or before January 1st next: i) a copy of the description and statement recorded by the Clerk pursuant to Section 10 of this Ordinance, ii) a copy of this Ordinance, and iii) a map or plat indicating the boundaries of the Project Area/ to the Auditor and Tax Assessor of Los Angeles County, to the governing body of each of the taxing agencies which levies taxes upon any property in the Project Area and to the State Board of Equalization, and shall take all other steps required by law with reference to said Plan. 4- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx9BORD. NO. 780 PAGE 5 SECTION 13. the City Clerk shall certify to the adoption of this Ordinance and shall cause the same to be published as required by law. APPROVED AND ADOPTED this 16th day of August, 1978 /s/ Jack B. White MAYOR PRO TEM ATTEST: /s/ Thelma L. Balkus THELMA L. BALKUS/ CITY CLERK STATE OF CALIFORNIA COUNTY OF LOS ANGELES) SS: CITY OF BALDWIN PARK I, THELMA L. BALKUS, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Ordinance No. 780 was regularly introduced and placed upon its first reading at an adjourned regular meeting of the City Council on the 9th day of August, 1978. That, thereafter, said Ordinance was duly approved and adopted at a regular meeting of the City Council on the 16th day of August_____, 1978 by the following vote AYES: COUNCILMEN IZELL, MC NEILL, AND MAYOR PRO TEM WHITE______ NOES: COUNCILMEN______________________________________ ABSENT: COUNCILMEN AGUILAR AND MAYOR BLEWETT________________ ABSTAIN: COUNCILMEN ij^^- FHELMA L. BALKUS. CITY CLERK 5- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx:BSITE MAP ATTACHMENT NO. 3 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx;BSITE DEVELOPMENT PLAN Summary A 706,000s/land area l6.2*cr«s 198.500sf gross Udg area 2.6/1 land-to-btetg ratio 534 state reqU 703staits prov'd 3.54/1000 prw'd 10x20 stelua BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx<BLEGAL DESCRIPTION PUENTE-MERCED REDEVELOPMENT PROJECT That portion in the City of Baldwin Park, County of Los Angeles, State of California included within a parcel of land bounded and described as follows: Beginning at the most northerly corner of Parcel 6, as shown on that certain State of California Relinquishment Map 909, recorded in the State Highway Map Book No. 12, page 86, on December 13, 1974, in the office of the County Recorder for Los Angeles County; thence northwesterly along the northwesterly prolongation of the northeasterly line of said Parcel 6 to its intersection with the southwesterly prolongation of the north- westerly line of Puente Avenue 60 feet wide, as shown on said Relinquishrnent Map 909; thence northeasterly along said south- westerly prolongation and along said northwesterly line of Puente Avenue a distance of 955 feet more or less to the north- westerly prolongation of the northeasterly line of Lot 56 of El Monte Walnut Place in the City of Baldwin Park, as per map recorded in Book 6, page 104 of Maps in the office of the County Recorder for Los Angeles County; thence southeasterly along said last mentioned northwesterly prolongation and along said northeasterly line of said Lot 56 a distance of 987.36 feet more or less to the most easterly corner of Lot 56; thence southwesterly along the southeasterly boundary of the City of Baldwin Park a distance of 472 feet more or less to the south- easterly corner of Parcel 4 of the State Relinquishment Map 909 recorded in the State Highway Map Book No. 12, page 85, on December 13, 1974, in the Office of the County Recorder of Los Angeles County; thence South 82°38'41" West along the southerly line of said Parcel 4, said line also being the southerly line of Garvey Avenue as it existed March 1, 1978), a distance of 190.99 feet; thence westerly along a tangent curve concave to the north and having a radius of 2,018 feet, through a central ATTACHMENT NO. 4 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx=Bangle of 5°08'14", an arc distance of 180.94 feet; thence continuing westerly along said southerly line of Parcel 4 along a compound curve concave to the north and shown on said Relinquishment Map 909 as having a radius of 668 feet through a central angle of 21°07'07" an arc distance of 246.22 feet to its point of ending; thence northwesterly in a direct line to a point in the southwesterly line of Merced Avenue said line also being the southeasterly prolongation of the northwesterly line of said Parcel 6), a distant 161 feet southeasterly measured along said southwesterly line of Merced Avenue from the point of beginning; thence North 48°44'25" West to the point of beginning. 2- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx>BSCHEDULE OF PERFORMANCE COMMERCIAL SHOPPING CENTER PUENTE-MERCED REDEVELOPMENT PROJECT Execution of Agreement. Agreement authorized,executed and delivered to Developer by Agency Within 30 days after date of signature by Developer Approval Site Development Plan. Agency shall approve Site Development Plan and related documents for the Site. Concurrent with Agency execution of this Agreement Submission Preliminary Construction Drawings and Landscaping Plan^ Developer shall prepare and submit to the Agency Preliminary Construction Drawings, Outline Specifications, Landscaping Plan and the location of Fine Art Works. Within 60 days after approval by the Agency of Site Development Plan. Approval Preliminary Construction Drawings and Landscaping Plan^ Agency shall approve r disapprove the Preliminary Construction Drawings, Outline Specifications, and Land- scaping Plan. Within 15 days after received by the Agency. Submission Final Construction Drawings ajid Landscaping and Finish Grading Plan.Developer shall prepare and submit to the Agency Final Con- struction Drawings and Specifications, a Final Landscaping and Finish Grading Plan. Within 45 days after approval by the Agency of Preliminary Construction Drawings and related documents. Approval Final Construction Drawings, Landscaping and Finish Grading Plan. The Agency shall approve or disapprove the Final Construction Drawings and Specifications and Landscaping and Finish Grading Plan. Within 15 days after receipt by the Agency. Opening of Escrow. Agency shall open an escrow with Title Insurance Company. Not later than June 1, 1979. Providing all property owners are in agreement with the appraisal and negotiated sale price. Conveyance of Title. Agency shall convey title to Developer and Developer shall accept conveyance. Not later than 30 days after opening of escrow. Commencement of Construction. Developer shall coironence construction of the improvements. Within 30 days after conveyance of title Completion of Construction. Developer shall complete the construction of improvements. Within 305 days after commencement of construction ATTACHMENT NO- 5 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx?BRECORDING REOUESTEI AND WHEN MCCOftDED MAIL THIS DEED AND. UNLESS OTHER WISE SHOWN BELOW. MAIL TAX STATEMENTS TO: NAMC AODMEC CITY * STATK ZIP r L Title Order No. 1 J Escrow No. SPACE ABOVE THIS LINE FOR RECORDER'S USE GRANT DEED The undersigned declares thai the documentary transfer tax is $...... and is Q computed on the full value of the interest or property conveyed, or is Q computed on the full value less the value of liens or encumbrances remaining thereon at. ihe lime of sale. The land, tenements or realty is located in D unincorporated area Q y and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged. hereby GRANT(S) to the following described real property in the county of Dated- slate of California STATR OF CALIFORNIA I OUNTY On ln-riiK" iiir. lln- limfr simied, i Notary Public HI diul for siiiil County aini St.ilc. iK'i-.onaily FOR NOTARY SEAL OR STAMP to tn- llif iter'.on-___ wlioxe iianie iti^lrniiiciil ind ack now led^ed iliat__ SinuiiHii-f of Noliiry know n to im' iiltscrilx^f to ihf itiiin \eciileti the aiin', Assessor's Parrel No. MAIL TAX STATEMENTS TO PARTY SHOWN ON FOLLOWING LINK; IF NO PARTY SO SHOWN, MAIL AS DIRECTED ABOVE Street Addles City & State ATTACHMENT MO- fi Nanif L-l OS.) Rev. 4-75) 8 pt. BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(Ììñx@BSCOPE OF DEVELOPMENT COMMERCIAL SHOPPING CENTER PUENTE-MERCED REDEVELOPMENT PROJECT I. GENERAL DESCRIPTION The site contains approximately 15.4 acres. The site is generally located at the northeast corner of Puente Avenue and Garvey Avenue. The proposed development is a master-planned commercial shopping center and is generally intended for commercial uses with high volume retail sales, which may include but not limited to, department stores, home improvement centers, restaurants, service and repair facilities and convenience centers. All uses which may be determined by the Agency to have an adverse effect upon adjoining properties shall be excluded from the development area. The Developer shall develop a planned business and commercial shopping center. All buildings shall be constructed in a manner consistant with the schedule of events and the Redevelopment Plan. II. DEVELOPMENT STANDARDS Development standards shall be as set forth in the zoning codes of the City of Baldwin Park. Any exceptions to the development standards may be made only as mutually agreed between the Agency and the Developer. III. AGENCY RESPONSIBILITY A. Agency shall assemble and submit to escrow all properties in the Site as shown on the Site Map, Attachment No. 1. B. Agency shall relocate ail existing residents, tenants, and businesses located within the boundaries of the Site. C. Agency shall demolish and remove all buildings and surface improvements pursuant to Section 210 of the Agreement. ATTACHMENT NO. 7 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxABD. The Agency shall be responsible for the following street improvements: 1. Sidewalks 2. Curbs and gutters 3. Fire hydrants located on public property 2- BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 1979 025 CC RESO(ÌìñxBBRECORDING REQUESTED B AND WH1.N HtCOHDIO MAIL 1U r n...> Addfii SPACE AUOVE THiS LINE FOR RECORDERS USE INDIVIDUAL FOIUH 10 407 C Notice of Completion Iti-lurr i in in inii, n if r l" ti ilr i ni[>niiy r'-iimr' in' ni lali i) *n ir\ i-r^ n|r Notice in hereby given thai: 1. Tlie undersigned is owner of the intfTf&l or cstatr sL-ited l)c!u\v in llx- proper!) liercinailcr dcnci-ilx-d 2. The full name of the undersigned is 3. The full address of ihr undersigned B 4. Tlic iialurc* of the title of ttif utidprsignfd if in fee If othir than f<-r, atrilir In fee" inl iriM-rl, fur nampir, pun ini"f r iindrr contrn 1 of purch*»c." or Ir^srr" * 5. The full names and full addresses of all prrson1', if an v, ho hold tille with the undersigned as jdint Ir-innt" or as leiiantB in common arc: NAMES MIDUKSSKS Thf iiuitirs of llie pre(i(-< si*rs in intcrcat of the un<lcrs.i^ficd. if ihf r(>[H'rl) ua<i lran9ff*rrf<l sutiM-qunil to ihc foninirri<'<-[iu'nt of the vtorit if iniprovrment herfin referrfd to' NAM^S ADHHl-ssi S l!f 11" Iran'Jir nindf. inirii ii.ni' i A M i*rk nf i m pro \ iii cii I tin thr i»r Din-rly ln'i fiiiiifl*'r dr'*< nlird \\ fis nni)lrt' il i] It. The tiarm- of llir ontruclur, if nnv. f"r u< h uurk of iiii[>rii\ fulfill wa-< 1 If no *>nlr»rior r i>rk, of nnpr<>\rm' ni as a lnilr iptf n mxi''" *}. lln* propcrl) ini wliitii snid work of niinnnfinr'nt was oini)|i't( ii i-. in llir \[\ iif ninly of Sijilc uf Cnlif(trntJi. nnd ii i)'-<( niK-il n-t fulliini' 10 The sirrrt addrt'sa of sani ropcrly is— Diiird; If no Mrrrt a<l<lrr-w hn-t brrn offiniJly a»^i|inf<f. intrrt non'- Stpniiiurr of v*ncr irmrt) in r«Kr«pli 2 At^o *ign vrnftcaiiun hclow a( X) lATE OF LALIFOKN1A. ll!NTY SS. By: The uiidfr>i^ix'd, hring ilul) shorn, tiii)s. i huE tie is the oiMirr itf ih*' furcsnid interest or estate in the proi)crly di'MTilK-d in itir foregoing notiic; tliBl he h.is rea<l the sanir. and knuv.s lh<* cotilcnl? thprcof, and that the facts stilted theicin arf Irup. Sipnalurc of IIM tier naint-d M IIS< Klill It \\!1 S\\OHN H» f.,r, n,. 111 i^r^rai,!, 2 X By: Liialurf., N«nie Type<l or Pruned) iVttar> Pnl>lic in and frr s.inl idt- Title Cider No. r KTO^ or l.oaii fSo. SEE REVERSE SIDE FOR T1TH COMPANY BEQUIREMENH AS TO NOTICE Ot COMPltTlON ATTACHMENT NO. 8 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04 BIn the event that, contrary to the provisions of this Agreement, the Developer does sell, transfer, or convey, any part of the Site or the buildings or structures thereon prior to the issuance of the Certificate of Completion, the Agency shall be entitled to increase the purchase price paid by the Developer for the Site by the amount that the consider- ation payable for such assignment or transfer is in excess of the purchase price paid by the Developer, plus the cost of improvements and development, including carrying charges and costs related thereto. The consideration payable for such conveyance or transfer to the extent it is in excess of the amount so authorized, shall belong and be paid to the Agency and until so paid the Agency shall have a lien on the Site and any part involved for such amount. In the absence of specific wr it ten agreement by the Agency, no such transfer or approval by the Agency, shall be deemed to relieve the Developer or any other party from any obligations under this Agreement. 28. Security Financing; Right of Holders. a) Permitted Encumbrances. Mortgages, deeds of trust, conveyances and lease-back or any other form of conveyance required for any reasonable method of financing are permitted before completion of the con- struction of the improvements, but only for the purpose of securing loans of funds to be used for financing the acquisition of the Site, the construction of improvements on the Site and any other expenditures necessary and appropriate to develop the Site under this Agreement. hereinafter Mortgage"). The Developer shall notify the Agency in advance of any execution of any such Mortgage the Developer proposes to enter into before completion of the construction of the improvements on the Site. The Developer shall not enter into any such mortgage without the pr ior wr it ten approval of the Agency, which approval Agency agrees to give if any such Mortgage is given to a responsible financial or lending institution or other acceptable person or entity and such lender shall be deemed approved unless rejected in writing by the Agency within five 5) days after written notice thereof is actually received by the Agency. b) Holder Not Obligated to Construct Improve ments. The holder of any mortgage authorized by this Agreement shall, in no way, be obligated by the provi- sions of this Agreement to construct or complete the improvements or to guarantee such construction or completion; nor shall any covenant or any provision in the deed for the Site be construed so to obligate such holder. Provided, nothing in this Agreement shall be deemed to construe, permit, or authorize any such holder to devote the Site or any part thereof to any uses, or to construct any improvements thereon, other than those uses or improvements provided for or authorized by this Agreement. c) Notice of Default. Whenever the Agency shall deliver any notice or demand to the Developer with respect to any breach or default by the Developer in 9 BIB] 37680-U01 1979-U02 025-U02 CC-U02 RESO-U02 LI3-U03 FO10488-U03 FO10489-U03 DO10802-U03 C6-U03 RESO-U03 2/27/2003-U04 ROBIN-U04