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Newman Development Group - Memorandum #2RECORDING REQUESTED BY AND WHEN RECORDED, RETURN TO: City of Gilroy 7351 Rosanna Street Gilroy, California 95020 -6190 Attention: City Administrator k DOCUMENT: 18109662 Pages; 8 Fees.... 30.00 Taxes... Copies.. AMT PAID 30.00 BRENDA DAVIS RDE # 012 SANTA CLARA COUNTY RECORDER 11/22/2004 Recorded at the request of 2:18 PM Beneficiary MINOR MODIFICATION TO DEVELOPMENT AGREEMENT/ OPERATING MEMORANDUM NUMBER TWO BETWEEN CITY OF GILROY AND NEWMAN DEVELOPMENT GROUP OF GILROY, LLC 1NVH1638159.1 01- 101104 - 04706076 MINOR MODIFICATION TO DEVELOPMENT AGREEMENT/ OPERATING MEMORANDUM NUMBER TWO This Minor Modification to Development Agreement/Operating Memorandum Number Two (this "Memorandum ") is made and entered into as of this First day of November, 2004, by and between Newman Development Group of Gilroy, LLC, a California limited liability company ( "NDG ") and the City of Gilroy, a California municipal corporation ( "City "). This Memorandum modifies that certain Development Agreement Between City of Gilroy and Newman Development Group of Gilroy, LLC, dated April 21, 2003, and recorded in the Office of the Santa Clara County Clerk- Recorder on June 30, 2003, as Document No. 17147097 (the "Development Agreement "), as modified by that certain Minor Modification to Development Agreement /Operating Memorandum Number One ( "Operating Memorandum No. I"), dated January 20, 2004 and recorded on February 5, 2004, as Document No. 17602444. Recitals: This Memorandum is made on the basis of the following facts, understandings, and intentions of the Parties. 1. The Parties are Parties to the Development Agreement, which relates to the development of a Project on NDG's Property, located in the City of Gilroy, as more fully described in Exhibit E of the Development Agreement, a copy of which is attached to this Memorandum as Exhibit 1. All capitalized terms used as defined terms in this Memorandum shall have the same meaning as in the Development Agreement. 2. Paragraph 3.7 of the Development Agreement provides that clarifications to the Development Agreement and the incorporation of minor changes to the Project may be made by virtue of an operating memorandum, which shall not constitute an amendment to the Development Agreement requiring public notice or hearing. It is the intent of the Parties that this Memorandum shall function as such an operating memorandum. 3. The City Attorney has determined that a minor modification to Development Agreement /operating memorandum document is appropriate to effectuate the purposes of this Memorandum based upon an analysis by City Staff pursuant to CEQA that the minor change proposed in the Project would not require any further environmental review. 4. The Parties have determined to record this Memorandum in the records of Santa Clara County because it modifies the Development Agreement and affects the respective rights of the Parties thereunder. Furthermore, this Memorandum gives rise to a debt and duty to pay increased fees on the part of NDG and its successors, and changes the Site Plan of the Project and the possessory interests of NDG and tenants therein. 1NVH1638159.1 _2 _ 01- 101104 - 04706076 NOW, THEREFORE, based upon the foregoing recitals and the mutual covenants and conditions contained herein, the Parties hereto agree as follows: A. This Memorandum shall be recorded in the records of Santa Clara County, but shall not constitute an amendment to the Development Agreement requiring public notice or hearing. It shall be attached to the Development Agreement and Operating Memorandum No. 1 in the files of the City Clerk and shall become a part thereof. B. The schedule entitled "Newman Development Agreement Exhibit A," dated October 11, 2004, and attached to this Memorandum as Exhibit 2 shall supercede Exhibit A of the Development Agreement as previously modified by the Operating Memorandum No. 1. The document entitled "Exhibit G Plan," dated September 10, 2004 and attached hereto as Exhibit 3 shall supercede Exhibit G of the Development Agreement as previously modified by the Operating Memorandum No. 1. The Parties understand and agree that this modification to the Site Plan and the fee schedule does not effect an increase in the over -all square footage of the Project. C. Although the total of development fees listed in the attached Newman Development Agreement Exhibit A exceeds the total of development fees listed in the original Exhibit A to the Development Agreement, the Parties acknowledge and agree that the amount of the City Financial Contribution shall under no circumstances exceed the total of development fees set forth in the original Exhibit A to the Development Agreement. WHEREFORE, the Parties hereto have executed this Memorandum as of the date first above written. Dated: NOAAM- 5 Dated: 1 / - / 0 - (10 1 NEWMAN DEVELOPMENT GROUP OF GILROY, LLC APPROVED AS TO FORM: f /�r Linda A. Callon, City Attorney 1NW638159.1 01- 101104 -04706076 M\r\s (1 L c ct I� i c a-4 ) 0, 1, k-- 4-0 STATE OF CALIFORNIA �, Q ,' -n 42 k f 15041-4(- ('. �� ss. COUNTY OF rA4A� Aotc On h1t)i , e yy :- 1 ()„ before me, 1 <- Pl c? r i e4 °. l .111, i persona ly I CAPACITY CLAIMED BY SIGNER anneared JAY BAKSA personally known to me -OR---E UUYCORHONDA PEUJN mn Comrr*w1w / 114 r- I'm ey4dence, to be the personW whose name(4 is /oe' subscribed to the within instrument and acknowledged to me that he /�t,W executed the same in his/her/tlyefr authorized capacity(iesj, and that by hiss /tWi signature(s� on the instrument the personal, or the entity upon behalf of which the persono acted, executed the instrument. WITNESS my hand and official seal. IGNATURE OF NOTARY STATE OF CALIFORNIA SS. COUNTY OF ��^ (TlW Cifs (0 NewyP�111 On�Jeiilil{N� before me,' 1 A 1 etx', personally appeared VT personally known to me -OR- ❑ .- KARIN MARIE LOMAX� COMM. #1360233 ('} h + NOTARY PUBLIC • CALIFORNIA SAN FRANCISCO COUNTY My Ccmm Ex�lrss Juna a, 2ooe � proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. SIGNATURE OF NOTARY Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the document. ❑ INDIVIDUAL CORPORATE OFFICERS(S) C r iiii4;, f / `f ""?- Title(s) ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL ❑ ATTORNEY -IN -FACT ❑ TRUSTEE(S) ❑ GUARDIAN /CONSERVATOR ❑ OTHER: SIGNER IS REPRESENTING: Name of Person(s) or Entity(ies) CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the document. ❑ INDIVIDUAL ❑ CORPORATE OFFICERS(S) Title(s) ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL ❑ ATTORNEY -IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN /CONSERVATOR ❑ OTHER: SIGNER IS REPRESENTING: Name of Person(s) or Entity(ies) EXHIBIT 1 EXHIBIT E DESCRIPTION OF PROPERTY Phase 1 -A Real property in the City of Gilroy, County of Santa Clara, State of California described as follows: Lots 2, 4 and 5 as shown on that certain map entitled "Tract No. 9401, Highway 152 Retail Center, Gilroy, California" filed for the record in the office of the Recorder for the County of Santa Clara, State of California on August 16, 2002 in Book 751 of Maps, pages 12 and 13, Santa Clara County Records. Phase 1 -B. Lots 1, 2 and 3 as shown on that certain map entitled "Parcel Map xU0x for Pacheco Pass Retail Center, Gilroy, California" filed for the record `in the office of the Recorder for the County of Santa Clara, State of California on dune 25, 2003 , in Book 76, of Maps, page52 5 Santa Clara County Records. Phase I -B to be completed based on final recorded Map. Phase 2 Lot A as shown on that certain map entitled "Tract No. 9401, Highway 152 Retail Center Gilroy, California" filed for the record in the office of the Recorder for the County of Santa Clara, State of California on August 16, 2002 in Book 751 of Maps, pages 12 and 15, Santa Clara County Records. 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