20-0930_JAMBOREE HOUSING CORPORATION_Exclusive Negotiation Agreement Extension Letter32400 PASEO ADELANTO
SAN JUAN CAPISTRANO. CA 92675
(949) 4931171
(949) 4931053 FAX
"ww.san/ uancapistrano. org
September 30, 2020
Jamboree Housing Corporation
Roger Kinoshita
17701 Cowan Ave., Suite 200
Irvine, CA 92614
MEMBERS OF THE CITY COUNCIL
TROY BOURNE
SERGIO FARIAS
BRIAN L. MARYOTr
DEREK REEVE
JOHN TAYLOR
Re: Exclusive_ Negotiation Agreement between the City of San Juan Capistrano and Jamboree
Housing Corporation
Dear Mr. Kinoshita:
The Exclusive Negotiating Agreement ("Agreement") between the City of San Juan Capistrano ("City")
and Jamboree Housing Corporation ("Developer') involving the City Hall site is due to expire on
October 8, 2020. Pursuant to Section 3 of the Agreement, the parties to the Agreement may extend
the Negotiating Period for up to two (2) additional ninety (90) calendar day periods by mutual
agreement so long as the Developer is diligently discharging its responsibilities under the Agreement.
As the proposed City Hall/affordable housing concept is still being developed and Developer has, to
date, diligently discharged its responsibilities under the Agreement in a manner satisfactory to the City,
it is appropriate to exercise the first 90 -day extension as permitted under Section 3 of the Agreement.
By mutually agreeing to this extension, the new expiration date of the Agreement will be January 8,
2021. At this time, the City does not require an Extension Deposit it is otherwise entitled to under
Section 2(b) but reserves the right to require additional funds as processing of the proposed project
proceeds.
If you agree to this extension, please sign and date below and return this letter to Project Manager
Laura Stokes at 32400 Paseo Adelanto, San Juan Capistrano, CA 92675 by October 8, 2020. You may
scan and email your response to Lstokes@SanluanCapistrano.org, but please ensure we receive your
signed original as soon as possible. If you have any questions or concerns, please contact Ms. Stokes at
(949)443-6313.
Sincerely,
Benjamin Siegel
City Manager
San Juan Capistrano: Preserving the Past to Enhance the Future
0 PnMWpn IGC%r.yde (.aper
Exclusive Negotiation Agreement between the City of San Juan Capistrano and Jamboree Housing Corp.
Page 2 of 2
By signing below, I am agreeing to the terms outlined above.
Signature
Michael Massie
Print Name
cc: City Attorney
10/612020
Date
Chief Developmoent Officer
Title