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1996 E.G. Williams Development Corp - Fourth Implementation AgrmtFOURTH IMPLEMENTATION AGREEMENT by and between the LA QUINTA REDEVELOPMENT AGENCY "AGENCY," and E.G. WILLIAMS DEVELOPMENT CORPORATION "DEVELOPER" TABLE OF CONTENTS 1. Certain Definitions..........................................................................................................1 2. Infrastructure Improvements.........................................................................................2 3. Infrastructure Improvement Costs.................................................................................3 4. Infrastructure Improvements Cost Reimbursement.....................................................4 5. Indemnification...............................................................................................................5 6. Liens..............................................................................................................................5 7. Notices.............................................................................................................................5 8. Applicable Law - Consent to Jurisdiction and Venue ..................................................6 9. Severability......................................................................................................................6 10. Further Assurances........................................................................................................6 11. Successors and Assigns................................................................................................7 12. Entire Agreement............................................................................................................7 13. Attornev's Fees...............................................................................................................7 14. Captions...........................................................................................................................7 15. Incorporation of Exhibits................................................................................................7 16. Waiver..............................................................................................................................7 17. Third Party Beneficiaries................................................................................................7 18. Time of the Essence.......................................................................................................7 19. Certain Terms..................................................................................................................7 I FOURTH IMPLEMENTATION AGREEMENT This Fourth Implementation Agreement ("Agreement") is made as of , 1996 by and between the La Quinta Redevelopment Agency, a Public Body Corporate and Politic ("Agency") and E.G. Williams Development Corporation, A California Corporation, ("Developer"). RECITALS A. The Developer and Agency are entering into this Agreement pursuant to the Developer's requirements to fulfill certain development conditions as required in the Disposition and Development Agreement by and between the Agency and the Developer dated July 5, 1994 ("DDA"), the First Restated and Amended Disposition and Development Agreement by and between the Agency and the Developer dated September 30, 1994, the Implementation Agreement by and between the Agency and the Developer dated June 19, 1995, the Second Implementation Agreement by and between the Agency and the Developer dated July 10, 1995, the Third Implementation Agreement by and between the Agency and the Developer dated October 19, 1995, and the First Amendment to the First Restated and Amended Disposition and Development Agreement by and between the Agency and the Developer dated March 5, 1996. B. The Agency and Developer, for their mutual benefit, desire that certain additional roadway and other appurtenant improvements be made as specified in this Agreement that were not included in the DDA. C. The purpose for this Agreement includes the following: (1) To reimburse Developer for certain costs associated with the construction of these additional improvements. (2) To fulfill the Agency's obligations pursuant to the Agreement and Escrow Instructions for Sale and Acquisition of Unimproved Real Property between the Agency and Desert Sands Unified School District dated October 18, 1994. Therefore, in consideration of the mutual covenants and conditions set forth in this Agreement, the parties agree as follows: 1. Certain Definitions. As used in this Agreement, the following terms will have the indicated meanings: (a) "Agency": La Quinta Redevelopment Agency, or its assignee. (b) "City": City of La Quinta, or its assignee. (c) "Developer": E.G. Williams Development Corporation, a California Corporation. �e9uh�s�wu lm.02,...cc 1 06/14/96 (d) "Improvement Plans": The plans that specifically describe the Infrastructure Improvements as presented on Exhibit "A" attached hereto. (e) "Improvement Costs": All direct costs incurred by Developer for the construction and installation of the Infrastructure Improvements. (f) "Reimbursements": Payments to Developer from the Agency in connection with the construction of the Infrastructure Improvements. (g) "Infrastructure Improvements": Public improvements consisting of roadway, drainage, and electric power improvements as specifically described on the Improvement Plans. 2. Infrastructure Improvements. The following Infrastructure Improvements are the subject of this Agreement and will be constructed by Developer: (a) Street Improvements. Furnish and install all street improvements and appurtenant items located on Desert Club Drive west of the centerline in accordance with the Street Improvements listed on Exhibit "A". (b) Power Undergrounding Improvements. Furnish and install all power underground improvements in accordance with the Power Undergrounding Improvements plans listed on Exhibit "A" and further described as follows: (i) Furnish and install underground conduit and vaults for electrical power in accordance with the Power Underground Improvement plans listed on Exhibit "A" in the right of way adjacent to the Elementary School site along Springtime Way and Desert Club Drive between the existing stub -out north of vault UN6250H to vault UN6390P located west of the school building, including a street crossing at the Desert Club Drive/Springtime Way intersection to "loop' the new power circuits to existing vault UN2389S on the southeast corner, and a stub -out street crossing extending northwesterly out of vault UN6489V. NOTE: The conduits that extent northerly to vault UN6551 P, and vault UN 6551 P are not subject to reimbursement pursuant to this Agreement as they are considered to be part of the Storm Water Evacuation System covered by a separate agreement. (ii) Pay fee to Imperial Irrigation District to have conductors installed in segments of the new conduit system described in paragraph (i) above that are subject to reimbursement. (iii) Furnish and install underground conduit and vaults for electrical power in accordance with the Power Underground Improvement plans listed on Exhibit "A" in the Calle Tampico right of way adjacent to Plaza Tampico between Seasons Way and Desert Club Drive, as needed and required by Imperial Irrigation District, to eliminate the overhead power lines strung between poles 918430 and 97473. The work shall also include replacement of all �aquinMwll liamsl\2rowacc 2 06/14/96 existing improvements damaged during installation of the underground power structures including but not limited to sidewalk, landscaping, driveway, curb, gutter, and cross gutter. NOTE: The balance of the underground power improvements shown on the plans not required or needed to eliminate the overhead power lines noted above are not subject to reimbursement. (iv) Pay fee to Imperial Irrigation District to have conductors installed in the segments of the new conduit system described in paragraph (iii) above. (c) Storm Water Evacuation Pump Station and Force Main Improvements: Furnish and install the storm water evacuation pump station and force mains in accordance with the plans listed on Exhibit A. (d) Traffic Signal Improvements: Furnish and install a traffic signal at the Calle Tampico/Desert Club Drive intersection in accordance with the Traffic Signal Improvements plans listed on Exhibit "A". 3. Infrastructure Improvement Costs. The DDA provided funds to reimburse the Developer for certain costs associated with the Infrastructure Improvements. Since the DDA and its subsequent amendments were adopted, additional infrastructure needs have been identified by the Agency, which resulted in additional costs that were not funded through the DDA. The Agency, pursuant to this Agreement, agrees to reimburse the Developer an amount not to exceed Four Hundred Thousand Five Hundred Fifty -Eight Dollars ($400,558) for the additional costs associated with the Infrastructure Improvements, allocated as follows: (i) Street Improvements $154,086 (ii) Power Undergrounding $156,375 (iii) Storm Water Evacuation Pump Station and Force Main $79,274 (iv) Traffic Signal $10,823 Infrastructure Improvement Costs shall include, but are not limited to, all materials and labor required for the design, survey, engineering, and construction of the improvements, including any amounts required to be paid for permits, inspection fees, and other amounts expended in obtaining governmental approvals for such improvements. 4. Infrastructure Improvements Cost Reimbursement. The Developer shall first seek reimbursement for the portion of Infrastructure Improvements specified in and funded through the DDA, from the funds on deposit with Developer construction lender, pursuant to Section 3., Alternative Disbursement Method, contained in Section 331 of the DDA. Once the funds on deposit with the Developer construction lender have been expended, then the Developer shall seek reimbursement for eligible Infrastructure Improvement Costs as follows: (a) Application for Disbursement. On or about the 15th and 30th day of each month, the Developer shall submit to the Agency an "Application for Disbursement' which shall include: la4u,nta�williamss� rowan 3 06/14/96 (i) A written, itemized statement, signed by a representative of the Developer which sets forth: (1) a description of the work performed, material supplied and/or costs incurred or due for which disbursement is requested; and (2) the total amount incurred, expended and/or due for the requested disbursement. All moneys applied for and disbursed pursuant to this Section 4 shall be applied only for the Infrastructure Improvements and the statement(s) by the representative of the Developer shall so affirm. Copies of billing invoices, statements, receipts, and other documents evidencing the total amount expended, incurred, or due for any requested disbursement. (III) Mechanics lien waivers including: (1) a Conditional Waiver and Release Upon Progress Payment (California Civil Code Section 3262(d)(1)) for itself and each contractor covered by such Request Payment, (2) an Unconditional Waiver and Release Upon Progress Payment (California Civil Code Section 3262(d)(2)) for itself and each of its contractors covering the full amount of all previous payments made to Developer, and (3) an Unconditional Waiver and Release Upon Final Payment (California Civil Code Section 3262(d)(4)) for its contractors who have competed their work and for whom Developer has received full payment. (iv) The contractor shall not knowingly pay less than the general prevailing rate for per diem wages, as determined by the State of California Department of Industrial Relations and referred to in the Invitation to Bid, to any workman employed for the work to be performed under this contract; and the Contractor shall forfeit as a penalty to the City the sum of Twenty -Five Dollars ($25.00) for each calendar day, or fraction thereof, for such workman paid by him or by any subcontractor under him in violation of this provision (Section 1770-1777, Labor Code of California). (V) A statement by the City Engineer or his designee that the percentage and/or stage of construction has been substantially completed and substantially conforms to the plans based upon such engineer's inspections of the respective Infrastructure Improvements. (vi) An engineer's certificate of substantial completion, prior to the final disbursements. (vii) Certification that in completing construction, the Developer has complied with all applicable laws. �e4d�ez�wu�lemsU?mwzcc 4 06n4/96 Each Application for Disbursement by the Developer shall constitute a representation and warranty by the Developer that all work encompassed by the Application for Disbursement has been accomplished in accordance with City standards for such work and sound construction practices, and that the Developer is in compliance with all of the provisions of this Agreement. (b) Approval and Payment. Upon receipt of the Application for Disbursement, the Agency shall review the same and shall approve the same subject to such exceptions as the Agency deems reasonably necessary and appropriate under the then current circumstances. Such approval may not unreasonably be withheld or delayed. The Agency shall pay, or cause to be paid, any approved disbursements within thirty (30) days following the Agency's receipt of the corresponding Application for Disbursement. 5. Indemnification. Developer shall save, protect, defend, indemnify, and hold harmless the Agency and the City from and against any and all liabilities, suits, actions, claims, demands, penalties, damages (including, without limitation, penalties, fines, and monetary sanctions), losses, costs, or expenses (including, without limitation, consultants' fees, investigation and laboratory fees, reasonable attorneys' fees, and remedial and response costs) (the foregoing are hereinafter collectively referred to as "Liabilities') which may now or in the future be incurred or suffered by Agency and City by reason of, resulting from, in connection with, or arising in any manner whatsoever as a direct or indirect result of (i) any act or omission on the part of Developer, or their agents, employees, contractors, or invitees, (ii) the presence on or under, or the escape, seepage, leakage, spillage, discharge, emission, or release from the site of any Hazardous Materials or Hazardous Materials Contamination, (iii) the environmental condition of the site, and (iv) any Liabilities incurred under any Governmental Requirements relating to Hazardous Materials. Developer's obligations under this Agreement shall survive the completion of the Improvements and the issuance by the City of a Notice of Acceptance. 6. Liens. Developer shall not cause any mechanic's liens, claims arising out of furnishing of materials, performance of work on the Infrastructure Improvements, or cloud on title to be imposed on the Infrastructure Improvements. If any such lien is created or imposed on the Infrastructure Improvements, Developer will immediately cause same to be removed and shall indemnify the Agency and City from any loss, cost, or damage therefrom. 7. Notices. Any notice, request, demand, consent, approval, or other communication required or permitted hereunder or by law shall be validly given or made only if in writing and delivered in person to an officer or duly authorized representative of the other party, or seventy-two (72) hours after deposited in the United States mail, duly certified or registered (return receipt requested), postage prepaid, and addressed to the party for whom intended, as follows: To Agency: Executive Director La Quinta Redevelopment Agency 78-495 Calle Tampico La Quinta, CA 92253 (619) 777-7100 FAX - (619) 777-7101 ln4uinta\w,lieins\Urowa c 5 06/14/96 To Developer: E.G. Williams Development Corporation 42-600 Caroline Court, Suite 101 Palm Desert, California 92211-5144 (619) 341-6880 FAX (619) 341-6867 Copy to: Dawn Honeywell, Esq. P.O. Box 2095 Orange, California 92669 (800) 350-6812 FAX (714) 771-1109 and Copy to: Rosenow Spevacek Group, Inc. 540 North Golden Circle, Suite 305 Santa Ana, California, 92705 Attention: John N. Yonai (714) 541-4585 FAX - (714) 836-1748 Any party may from time to time, by written notice to the other, designate a different address which shall be substituted for that specified above. If any notice or other document is sent by mail as aforesaid, the same shall be deemed fully delivered and received forty-eight (48) hours after mailing as provided above. 8. Applicable Law - Consent to Jurisdiction and Venue. This Agreement shall in all respects be governed by the laws of the State of California which are applicable to agreements executed and to be fully performed therein. The parties further agree that all actions or proceedings arising in connection with this Agreement shall be litigated exclusively either in the State or the Federal Courts, as appropriate, located in the County of Riverside, State of California, which courts shall have personal jurisdiction over the parties hereto. 9. Severability. No term, condition, or provision of this Agreement shall be interpreted or construed to require the performance of any act, duty, or obligation that is contrary to law. If any term, condition or provision of this Agreement is determined to be illegal, unenforceable, or invalid on whole or in part for any reason, such provision shall be stricken from this Agreement to the limited extent necessary to bring this Agreement within the requirements of the law and this Agreement to the fullest extent practical shall otherwise be deemed legal and valid and shall continue in full force and effect. 10. Further Assurances. Each of the parties hereto shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things reasonably necessary in connection with the performance of their respective obligations hereunder and to carry out the intent of the parties hereto. 11. Successors and Assigns. All of the terms and provisions contained herein shall inure to the benefit of and shall be binding upon the parties hereto and their respective heirs, personal representatives, successors and assigns. iamh,a\wi11n 2towaoa 6 06/14/96 12. Entire Agreement. This Agreement with attachments constitutes the entire understanding and agreement of the parties with respect to the specific terms herein. All other terms of the First Amendment to the First Restated and Amended Disposition and Development Agreement and prior Implementation Agreements, and shall remain in full force and effect. 13. Attorney's Fees. In the event any action of any type, including, but not limited to, suit, collection, counterclaim, appeal, arbitration, mediation, and/or alternative dispute resolution as provided herein, is instituted or brought by a party to enforce any of the terms and provisions hereto and/or to obtain a declamatory judgment with respect to the status of his, her, or its rights hereunder (collectively an "Action" herein), the losing party shall pay the prevailing party all costs, expenses, and fees whatsoever incurred by the prevailing party with respect to bringing and prosecuting such Action and enforcing any judgment, order, ruling, or award granted thereunder, including reasonable attorneys' fees, accounting fees, and court costs as the Court may award. 14. Captions. The captions appearing at the commencement of the paragraphs hereof are descriptive only and for convenience in reference. Should there be any conflict between any such caption and the paragraph at the head of which it appears, the paragraph and not such caption shall control and govern in the construction of this Agreement. 15. Incorporation of Exhibits. All exhibits attached hereto and referred to herein are incorporated into this Agreement as though fully set forth in the body hereof. 16. Waiver. No consent to any action, waiver of any provision, or waiver of any breach of any duty or obligation hereunder shall constitute a waiver of any other provision or consent to any other action or subsequent breach, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to provide a waiver in the future except to the extent specifically set forth in writing. Any waiver given by a party shall be null and void if the party requesting such waiver has not provided to the waiving party a full and complete disclosure of all material facts relevant to the waiver requested. 17. Third Party Beneficiaries. This Agreement, and every provision herein, is made exclusively for the benefit of the parties hereto and their respective successors and permitted assigns. Nothing in this Agreement is intended to confer any rights or remedies under or by reason of this Agreement on any persons other than the parties to it and their respective successors and permitted assigns; provided, however, nothing in this Agreement is intended to relieve or discharge the obligation or liability of any third person to any part to this Agreement. 18. Time of the Essence. Time is of the essence with respect to the performance of all the duties and obligations set forth in this Agreement. 19. Certain Terms. The terms "shall" and "will" are used interchangeably and have the same mandatory meaning. IN WITNESS WHEREOF, the Agency and the Developer have signed this Agreement on the respective dates set forth below. �aqufma4i II ams\\2rcwzcc 7 06/14/96 EXHIBIT "A" There are four (4) sets of plans incorporated by reference into the Implementation Agreement that specifically describe the Infrastructure Improvements to be developed as listed in Section 2 of the Agreement; the four (4) plan sets are: 1. Street Improvements: The set of plans that describe these improvements consists of four (4) sheets and is entitled "Tract 28019, Off -Site Street Plans". These plans were prepared by Sanborn/Webb, Inc. and approved by the City Engineer on 2/28/96. 2. Power Undergrounding Improvements: The plans for these improvements are described on two (2) sets of plans entitled: 1) La Quinta Elementary School, Project #K-9772 consisting of three (3) sheets as approved by Imperial Irrigation District on 11/7/95, and 2) The Seasons Villas, Project #K-8849 consisting of four (4) sheets as approved by Imperial Irrigation District on 2/24/95. 3. Storm Water Evacuation Pump Station and Force Main Improvements: The set of plans that describe these improvements consists of four (4) sheets and is entitled "Tract 28019, Desert Club Drive Pump Station". These plans were prepared by Sanborn/Webb, Inc., and will be approved by the City Engineer within the next thirty (30) days. 4. Traffic Signal Improvements: The set of plans that describe these improvements consists of one (1) sheet and is entitled "Traffic Signal Plan, Calle Tampico and Desert Club Drive". These plans were prepared by Hall & Foreman, Inc. and approved by the City Engineer on 3/27/96. 06/18/1996 15:55 6197777155 CITY OF LA QUINTA PAGE 11 APPROVED AS TO FORM: DAWN HONEYWELL, Agency Counsel LA QUINTA REDEVELOPMENT AGENCY "Agency" E.G. WILLIAMS DEVELOPMENT CORPORATION, a California corporation "Developer" By IrA.&WAF .nm. tS 06 Q96