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Gilroy Plaza Companye PROPERTY DEVELOPMENT AGREEMENT AGREEMENT FOR EXTENS1O."S OF WATER DISTRIBUTION SYSTEMS: IMPROVEMENT OF STREETS; INSTALLATION OF SEVIERS, STORM DRAT {'JS AAD OTHER PUBLIC WORKS FACILITIES This agreement made and entered into this _2nd day of July , 19.73 , by and between the City of Gilroy, a municipal corporation, herein called the "City" and Gilroy P 1 aza Co. � a( V rs� x developer or subdivider, herein called the "Developer ". WITNESSETH: WHEREAS, a final map of subdivision, record of survey or building permit (Site Clearance) application has now been submitted to the City for approval and acceptance, covering certain real estate known as and called: Gilroy Plaza, Northwest Corner of Wren Avenue and First Street and, 4RIEREAS, the Developer requires certain utilities and public works facili- ties in order to service the property under the minimum standards established by the City and, WHEREAS, the City, by and through its City Council, has enacted certain Codes, Ordinances and Resolutions and certain Rules and Regulations have been promulgated concerning the subject matter of this agreement and, VIHEREAS, the City has certain responsibilities for maintenance and operation of such utilities and public service facilities after acceptance by City, and for providing the necessary connecting system, general plant and appurtenances, and the City is agreeing to discharge those responsibilities. NOV THEREFORE, in consi:ieration of the premises and in order to carry on the intent and purpose of said Codes, Ordinances, Resolutions and Regulations, it is agreed by and between the parties as follows: SECTION I That all Codes, Ordinances, Resolutions, Rules and Regulations and established policies of the City and the laws of the State of California concern- ing the subject matter of this agreement are hereby referred to and incorporated herein to the same effect as if they were set out at length herein. Said Codes, Ordinances and Regulations include, but are not limited to, the following: The Code of the City of Gilroy (including but not limited to Chapters 12A, 1), 20, 21 and Res. 1474, thereof pertaining to local improvement procedures in subdivision or development respectively); Ordinance Flo. 602 (Subdivision Procedure, etc.)Ordi- nance fio. 711 (Zoning Ord.); Ordinance No. X65 0 967 Uniform Building Code); Rules and Regulations. Included in the above are all of the above referred to Codes, Ordinances, Resolutions, Regulations and Substitutions therefor, as amended to the time of execution of this agreement. SECTION 2 The Developer agrees: a. To perform each and every provision required by the City to be performed by the Developer in each and every one of said Codes, Ordinances and other Regulations. b. To grant to the City without charge, free and clear of encumbrances, any and all stipulated easements and rights of way in and to his said real property necessary for the City in order that its water, electricity and /or sewer lines in or to said real property may be extended. c. To indemnify and hold the City harmless and free from all damage and liability done to any utility, public facility or other material or installation of the City on said real estate which the Developer or any contractor or subcontractor of the Developer, or any employee thereof, shall do in grading or working upon said real estate. d. To construct and improve all public works facilities and other improve- ments as set out herein, according to the standards heretofore estab- lished, and according to the grades, plans and specifications thereof, all as approved by the City Engineer; and shall furnish two (2) good and sufficient bonds, each of which shall be executed in the face amount of no less than $ 60,000 , and one of which bonds shall * This bond can of guarantee that faithful performance of this agreement and the other said In the amount of bond *shall secure $0,000. payment to the contractor, his subcontractors and to persons renting equipment or furnishing labor or materials to them for the improvement hereunder, and as provided for in Section 11612 of the Business and Professions Code of the State of California, the Codes, Ordinances, Resolutions and Regulations of the City, and this agreement. e. That upon approval of the final map of the subdivision, the record of survey or the building permit covering the real estate to be improved, and before any work is done therein, the Developer shall pay to the City all sums, except costs to be borne by the City, shown in Section 7 there- of to be due under the terms and provisions of this agreement. SECTION 3 That all sums shown herein to be payable by the Developer to the City are due and payable to the City upon the execution of this agreement. SECTION 4 That all the provisions of this agreement and all work to be done pursuant to the terms of this agreement are to be completed within one year from and after the date and year first above written. SECTION 5 That the special provisions concerning the particular real estate referred to above, being attached hereto, are hereby incorporated herein and expressly made a part of this agreement. SECTION 6 The faithful and prompt performance by the Developer of each and every term and condition contained herein is made an express condition precedent to the duty of the City to perform any act in connection with this transaction, and the failure, neglect or refusal of the Developer to so perform, or to pay any monies due here- -2- t 1 under when due shall release the City from any and all obligations hereunder and the City, at its election, may enforce the performance of any provision herein, or any right accruing to the City or may pursue any remedy whatsoever it may have under the laws of the State of California or the Codes, Ordinances, Resolutions or Regulations of the City, in the event of any such default by Developer. SECTION 7 That the following are the estimated amounts of costs to be borne by the respective parties hereto, and it is further understood and agreed that said amounts are estimated only and are subject to final determination upon completion of the work. ( FACILITY DEVELOPMENT COSTS a. Easements & Rights -of -way "On Site ", $ 100% See Stipulation No. I b. Easements & Rights -of -way "Off Site ", $ 100% c. Street Paving $ 1,505.00 See Stipulation No. 2 and 5 d. Street Curbing; see City Code Sec.26 -12, Table If $ 100% e. Sidewalks; see City Code, Sec. 26 -12, Table 11 $ 100% f. Street Name Signs; see City Code, Sec. 26 -12, Table it $ 100% .3- CITY'S COSTS $ None $ None $ None $ None $ None $ None g. Street Tree Planting Parkway Improvements; City Code, $ 100% $ None h. Street Lighting; None Electroliers *halt become City property i. Mater "On Site" $ 2,150.00 $ None See Stipulation- No. 3 j. 'later "Off Site" $ 3.058.92 $ None 8.497 acres at $360.00 /scre k. Sanitary Sewer "On Site" $ 712-50 $ None See Stipulation ado. 3 & 4 I. Sanitary Sewer, "Off Site" $ Deferred $ None To be paid with each buildings permit m. Storm Drains 'On Site' $ 100% $ None See Stipulation to. 4 n. Storm Drains, "Off Site`` $ 4,121.04 $ None 8.497 acres a $485.00 /acre o. Engineering, Inspectj�n0b0 Plan Check 3.5% x $, ' $ 2,10£1.80 WE DUE CITY BY DEVELOPER DUE DEVELOPER BY CITY * $ 13,647.46 $ None * Does not include building permit frees nor water meters IN WITNESS WHEREOF, said parties have caused these presents to be executed the date and year first above written. ATTEST: City Clerk FORM APPROVED: f City A torney CITY OF GILROY ,- 1`layor nVJttator EVELOPER NOTE: If Developer is a corporation, the complete legal name and corporate seal of the corporation and the corporate titles of the persons signing for the corporation shall appear above. -5- GILROY PLAZA N.W. Corner Wren and First Sts. STIPULATIONS 1) Developer agrees to dedicate to the City the widening required on Wren Avenue (20') and First Street as established by City plan lines. 2) Developer shall be responsible for thirty five feet of paving on Wren Avenue and on First Street. City agrees to reimburse the developer for that portion of paving over the first 35 feet. City shall approve unit costs and reimbursement shall be made after the paving has been completed and is acceptable to the City Engineer. 3) Water mains and sanitary sewer.mains on the property shall be maintained by the developer. City shall have the right of ingress and egress to read meters, inspect facilities and perform maintenance on offsit'e lines connecting to the development. 4) In the event that the eastside of Wren Avenue develops first and the Wren Avenue storm drain and sanitary sewer have been constructed, developer shall pay one -half the construction cost of both mains plus any laterals which serve him. The construction cost shall be the actual approved unit cost of the line (including manholes). Said cost shall be reimbursed to the developer on the east side constructing the line. If these mains have not been constructed developer shall construct said mains. City shall collect one-half the actual construction cost from the property on the east side of Wren Avenue when.it develops and shall make reimbursement to the developer. 5) Pavement Reimbursement First Street 1) Developer shall pay for first 35 feet from new face of curb. 2) City shall pay for 13 foot strip from west )lan Line 600' easterly 600 x 13' = 7800 s.f. 3) City shall pay for A.C. cap on existing pavement approx. 20 feet width. Est. 450 tons A.C. City shall approve unit cost. Wran Avaniin 1) Developer shall pay for first 35 feet of paving from face of curb. 2) City shall pay for A.C. cap on existing pavement. Approx. 30 feet.width. GILROY!PLAZA CALCULAT19N SHEET 3) Engineering i 3.5% x.60,000 �I i $2,100.00 N. W. Corner Wren Avenue and First Street 1) Existing Utilities Chjarge 1) 8" VCP SalDitary Mai h /F.F west property li e $ 71.50 285' x1$2.50 2) 12" CIP Water Main East Property Line 430' x' $5. 00 /F.F (10" charge) 2,15 .00 3) Wren Avenue i 430' x ' x 0.50 (35''"28') 1,50 .00 2) Offsito Fees 1) Water 8.4971x i $360.00/ i cre ° 1 3,05 •92 2) Storm 8.497 x $485.00/ acre, ° 4,121.04 3) Sanitary (7o b' $0.03/S. collectediwith building permit) j 3) Engineering i 3.5% x.60,000 �I i $2,100.00