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04-0716_SJD PARTNERS, LTD._Amd & Rstmnt of Dev AgrRECORDING REQUESTED BY: City of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 AND WHEN RECORDED, MAIL TO: Margaret R. Monahan, City Clerk City of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 Exempt from Recording Fees: Gov Code 27383 & 6103 City of San Juan Capistrano Title of Document: Recorded in Official Records, Orange County Tom Daly, Clerk -Recorder IIIIIIIIIII!IIIIIIIIIIIillllllllll!IIII!11111111111111111111111111111111111 NO FEE 2004000624737 08:22am 07112104 211 128A17 27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 This Space for Recorder's Use Only Amendment and Restatement of Development Agreement for the Pacific San Juan Project Between the City of San Juan Capistrano and SJD Partners, Ltd. Effective July 16, 2004 /�J RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO: City Clerk City of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 AMENDMENT AND RESTATEMENT OF DEVELOPMENT AGREEMENT FOR THE PACIFICA SAN JUAN PROJECT BETWEEN THE CITY OF SAN JUAN CAPISTRANO SJD PARTNERS, LTD. EFFECTIVE DATE: July 16, 2004 5/14/04 10061.2 H&O: #14593 v3 ORIGINAL TABLE OF CONTENTS Page 1. AGREEMENT.....................................................................................................................1 1.1 Code Authorization..................................................................................................1 1.2 Interest of Owner.....................................................................................................2 1.3 Intent of Parties........................................................................................................2 1.3.1 Achievement of General and Comprehensive Development Plan Goals.......................................................................................................2 1.3.2 Consistency Finding................................................................................2 1.4 Certainty of Process.................................................................................................2 1.5 Planning Commission - City Council Hearings......................................................2 1.6 City Council Findings..............................................................................................2 1.7 City Ordinance.........................................................................................................3 1.8 Consideration...........................................................................................................3 2. DEFINITIONS.....................................................................................................................3 3. EXHIBITS...........................................................................................................................6 4. GENERAL PROVISIONS..................................................................................................6 4.1 Term of Agreement..................................................................................................6 4.2 Assignment..............................................................................................................6 4.3 Amendment or Cancellation of Agreement.............................................................6 4.4 Unforeseen Circumstances.......................................................................................7 4.5 Enforcement.............................................................................................................8 4.6 Relationship of the Parties.......................................................................................8 4.7 Sale to Public; Automatic Termination....................................................................8 5. CONFLICTS OF LAW........................................................................................................8 5.1 Conflict of City and State or Federal Laws.............................................................8 5.1.1 Notice and Copies...................................................................................8 5.1.2 Modification Conference........................................................................8 5.1.3 City Council Hearings.............................................................................8 5.2 Cooperation in Securing Permits.............................................................................9 6. DEVELOPMENT OF THE PROPERTY............................................................................9 6.1 Permitted Uses.........................................................................................................9 6.2 Future Laws.............................................................................................................9 6.3 Future Discretionary Reviews..................................................................................9 6.3.1 Project EIR..............................................................................................9 6.3.2 Open Space Dedication...........................................................................9 6.4 Application of Subsequently Enacted Rules, Relations, Etc.................................10 6.5 Priority Processing.................................................................................................10 6.6 Time For Construction and Completion of Project................................................10 6.7 Residential Building Permit Allocation Plan .........................................................11 6.8 Certificate of Completion......................................................................................11 6.9 Tentative Subdivision Maps..................................................................................11 5/14/04 10061.2 H&O: #14593 v3 1 TABLE OF CONTENTS Page 5/14/04 10061.2 H&O: #14593 v3 ii 6.10 Cooperation in Securing Government Permits/Conflict of Laws..........................1 l 6.11 Mass Grading Authorized Following Tentative Map............................................11 7. PUBLIC IMPROVEMENTS PROGRAM........................................................................11 7.1 Responsibility for Public Improvements...............................................................11 7.2 Acquisition/Condemnation of Off -Site Property...................................................12 7.3 Phasing of Public Improvements...........................................................................12 7.4 Improvements Scheduling.....................................................................................12 7.5 Financing for Public Improvements.......................................................................12 7.6 Sewer Capacity......................................................................................................12 8. ANNUAL REVIEW..........................................................................................................12 8.1 City and Owner Responsibilities...........................................................................12 8.2 Opportunity to be Heard........................................................................................13 8.3 Information to be Provided to Owner....................................................................13 8.4 Review Letter.........................................................................................................13 8.5 Estoppel Certificates..............................................................................................13 8.6 Failure of Periodic Review....................................................................................14 9. ENFORCED DELAY, DEFAULT, REMEDIES AND TERMINATION .......................14 9.1 General Provisions.................................................................................................14 9.2 Default by City.......................................................................................................14 9.3 Specific Performance Remedy...............................................................................14 9.4 Enforced Delay, Extension of Time of Performance.............................................15 9.5 Institution of Legal Action.....................................................................................15 9.6 Applicable Laws/Attorney's Fees..........................................................................15 9.7 No Waiver of Existing Rights or Applicable Laws...............................................15 10. ENCUMBRANCES AND RELEASES ON PROPERTY................................................15 10.1 Discretion to Encumber.........................................................................................15 10.2 Entitlement to Written Notice of Default...............................................................16 10.3 Property Subject to Pro Rata Claims.....................................................................16 11. MISCELLANEOUS PROVISIONS..................................................................................16 11.1 Rules of Construction............................................................................................16 11.2 Severability............................................................................................................16 11.3 Entire Agreement, Waivers, and Amendments......................................................16 11.4 Project as a Private Undertaking............................................................................16 11.5 Incorporation of Recitals........................................................................................17 11.6 Captions.................................................................................................................17 11.7 Consent..................................................................................................................17 11.8 Covenant of Good Faith and Fair Dealing.............................................................17 11.9 Covenant of Cooperation.......................................................................................17 11.10 Further Actions and Instruments............................................................................17 11.11 Operating Memoranda and Amendments..............................................................17 5/14/04 10061.2 H&O: #14593 v3 ii TABLE OF CONTENTS Page 5/14/04 10061.2 H&O: #14593 0 111 11.11.1 Alteration of Permitted Uses.................................................................18 11.11.2 Increase in Density or Intensity.............................................................18 11.11.3 Increase in Height and Size...................................................................18 11.11.4 Deletion of Reservation Requirements.................................................18 11.12 Successors and Assigns..........................................................................................18 11.13 Notices...............................................................................................................18 11.14 Recording...............................................................................................................19 11.15 Effective Date........................................................................................................19 5/14/04 10061.2 H&O: #14593 0 111 AMENDMENT AND RESTATEMENT OF DEVELOPMENT AGREEMENT Pacifica San Juan THIS AMENDMENT AND RESTATEMENT OF DEVELOPMENT AGREEMENT ("Agreement") is entered into between the CITY OF SAN JUAN CAPISTRANO, a municipal corporation ("City"), and SJD PARTNERS, LTD., a California limited partnership ("Owner"), and their successors or assigns. RECITALS A. City and Owner's predecessor -in -interest entered into a statutory Development Agreement for the Pacific Point Project, now known as Pacifica San Juan, effective August 6, 1992 ("Development Agreement"). B. On July 2, 2002, the City Council of City adopted Resolution No. 02-07- 02-05 extending the tennination date of the Development Agreement to November 6, 2005. C. On September 2, 2003, the City Council of City certified the Supplemental Environmental Impact Report ("SEIR") for the previously certified Pacific Point EIR dated August 1, 1991 and approved: (i) an amendment to the Forster Canyon Comprehensive Development Plan ("CDP 81-01") modifying the existing development and zoning standards to allow development of 416 units within the Pacifica San Juan portion of the planned community; and (ii) a new vesting tentative tract map (VTTM 15609) for a portion of the Pacifica San Juan site previously included in the VTTM 14196 area. D. On September 16, 2003, the City Council of City adopted Ordinance No. 884 amending Forster Canyon CDP 81-01 and adopted Resolution No. 03-09-16-06 conditionally approving VTTM 15609. E. City and Owner propose to restate and amend the Development Agreement to be consistent with the amended Forster Canyon CDP 81-01, VTTM 15609, VTTM 14196 and the Pacifica San Juan SEIR. 1. AGREEMENT. 1.1 Code Authorization. This Agreement is authorized by and in accordance with Government Code Sections 65864 through 65869.5 and related City Ordinances and policies. These laws and policies allow the City to enter into binding development agreements with persons or entities having legal or equitable interests in real property for the purpose of establishing certainty in the development process for both the City and the property owner. 5/14/04 10061.2 H&O: #14593 v3 1 1.2 Interest of Owner. Owner is the legal and/or equitable owner of approximately 257 acres of real property located in the City (the "Property") and described on Exhibit "A" and shown on Exhibit `B" hereto. The Property forms a portion of the Forster Canyon Planned Community Area. Owner intends to develop the Property pursuant to the amended Forster Canyon CDP 81-01, VTTM 15609, VTTM 14196 and SEIR (the "Project"). City and Owner wish to provide for the development of the Property and obtain certainty of development entitlements and obligations in connection therewith. 1.3 Intent of Parties. The development of the Project is intended to implement specific land uses to provide public infrastructure and to generate revenues to the City, all in promotion of the health, safety and general welfare of the City. 1.3.1 Achievement of General and Comprehensive Development Plan Goals. Achieving of the goals of CDP 81-01 as well as the City General Plan and important City policies require the cooperation of Owner and City. As a result of the development of the Property, the City will benefit from added residential neighborhoods having a range of housing types, significant increases to the real property tax base, and substantial improvements to public infrastructure and facilities including park land, open space, and a school site. 1.3.2 Consistency Finding. By approving and executing this Agreement, the City finds that its provisions are consistent with and in the furtherance of the City's General Plan and with CDP 81-01, and the City further finds and determines that execution of this Agreement is in the best interests of the public health, safety and general welfare of the City's present and future residents, property owners and taxpayers. The Project has been analyzed and reviewed by the City as part of its process of granting development approvals, in view of the enacted land use standards and policies of the City embodied in its Existing Standards and in view of State law including, without limitation, CEQA. 1.4 Certainty of Process. The phasing, timing and development of the Project and the Public Improvements necessitate a significant commitment of resources, planning and effort by Owner and City, thus requiring certainty in the development process. In return for Owner's participation and commitment to the significant contribution of private resources, including substantial economic resources for public purposes, the City wishes to commit to certainty in the development process for the Property. 1.5 Planning Commission — City Council Hearings. On May 11, 2004, the Planning Commission of City, after giving notice pursuant to Government Code Section 65867, held a public hearing to consider Owner's application for this Agreement. On June 1, 2004, the City Council, after providing public notice as required by law, held a public hearing to consider Owner's application for the Agreement. 1.6 City Council Findings. The City Council has found that this Agreement is consistent with the General Plan and CDP 81-01, as well as all other applicable plans, ordinances, policies and regulations of the City. 5/14/04 10061.2 H&O: #14593 v3 2 1.7 City Ordinance. On June 15, 2004, the City Council adopted Ordinance No. approving this Agreement (the "Adopting Ordinance"). The Adopting Ordinance became effective on July 16, 2004 (the "Effective Date"). 1.8 Consideration. The City has determined that this Agreement will further the goals and objectives of the City's land use planning policies, by eliminating uncertainty in planning for the orderly development of the Project, to the end that adequate long term plans regarding the provision of necessary infrastructure for existing and future city residents can be developed and implemented. Without limiting the generality of the foregoing, the benefits conferred by the Project pursuant to this Agreement will help increase traffic capacity for the road system of the City and will facilitate the installation of certain other significant public improvements, all of which will significantly promote the health, safety and general welfare of present and future residents of the City. In exchange for these benefits to the City and its residents, the Owner wishes to receive the assurances permitted by State law that the Owner may proceed to develop the Project in accordance with CDP 81-01, VTTM 15609, VTTM 14196 and the SEIR, and at a rate of development subject to the terms and conditions of this Agreement. The rights, duties, obligations and assurances provided by the City and the Owner to each other in this Agreement are being provided pursuant to and as contemplated by State law, are bargained for and in consideration for the undertakings of the parties, and are intended to be and have been relied upon by the parties to their detriment, such that the Owner will be deemed to have a vested interest in CDP 81-01, which will be the controlling land use plan for the Project in combination with this Agreement. 2. DEFINITIONS. The following definitions apply only to their use within this Agreement and not to any other document or agreement pertaining to the Project, including CDP 81-01. These definitions are intended to have substantive effect. 2.1 The "Adopting Ordinance" refers to City Ordinance No. adopted by the City Council on , 2004, authorizing the City to enter into this Agreement. 2.2 "Agreement" refers to this "Amendment and Restatement of Development Agreement" relating to the Pacifica San Juan Project. 2.3 The "Approval Date" refers to 2004, the date upon which the City Council approved the Adopting Ordinance. 2.4 All forms of use of the verb "assign" and the nouns "assignment" and "assignee" shall include all contexts of hypothecations, sales, conveyances, transfers, leases and assignments. 2.5 "CEOA" refers to the California Environmental Quality Act (Public Resources Code Sections 21,000, et seq.). 2.6 "City" refers to the City of San Juan Capistrano, California. 5/14/04 10061.2 H&O: #14593 v3 3 2.7 "City Council" refers to the city council of the City. 2.8 "Comprehensive Development Plan" refers to the Amended Forster Canyon Comprehensive Development Plan 81-01 approved by City Council Ordinance No. 884 on September 16, 2003, a copy of which is on file with the City Clerk. 2.9 "Country Residential" refers to the Country Residential area as generally shown on Exhibit `B." 2.10 "Cure Period" refers to the period of time permitted pursuant to Section 9 in this Agreement. 2.11 A "dgy" or "days" refers to a calendar day, unless expressly stated to be a business day. 2.12 A "Default" refers to any material default, breach or violation of the provisions of this Agreement. A "City Default" refers to a Default by the City, while an "Owner Default" refers to a Default by Owner. 2.13 The "Director" refers to the Director of Planning Services of the City or any successor to that title or a successor title. 2.14 The "Effective Date" refers to the effective date of the Adopting Ordinance. 2.15 The "EIR" refers to the Supplemental Environmental Impact Report certified by the City Council on September 2, 2003 in connection with the Amended Comprehensive Development Plan 81-01. 2.16 "Entitlements" refers to all existing and future licenses, approvals and pen -nits necessary or incidental to the development of the Project, whether discretionary or ministerial. Entitlements include, but are not limited to, comprehensive development plans, rezones, conditional use permits, tentative and final parcel maps, general plan amendments, site development plans, tentative and final subdivision map approvals, whether standard or vesting, project plans, grading permits, building permits, occupancy permits, actions pursuant to the California Environmental Quality Act, and this Agreement. 2.17 An "Exaction" refers to any fee, requirement, dedication, condition, restriction or limitation imposed by the City upon the development of the Property at any time. 2.18 "Exhibit" refers to an exhibit to this Agreement as listed in Section 3 below. All Exhibits are incorporated by reference as a substantive part of this Agreement. 2.19 "Existine Standards" refers to all the laws, statutes, codes, resolutions, policies, regulations and orders of the City affecting the permitted uses of the Property, the density or intensity of use, limits or controls on the rate, timing or sequence of development, the maximum height and size of proposed buildings, the provisions for reservation and dedication of 5/14/04 10061.2 H&O: #14593 v3 4 land for public purposes, the design, improvement and construction standards for the Project, all as set forth in CDP 81-01 and, if not addressed in CDP 81-01, the ordinances, regulations, resolutions, rules and official policies of the City in effect on the Approval Date, including all Entitlements approved on or before the Approval Date. 2.20 "Future Laws" refers to all laws, statutes, ordinances, codes, resolutions, policies, rules, regulations and orders of the City enacted after the Approval Date, whether by City Council action, initiative, or otherwise which in any way affect the Project. "Future Laws" include but are not limited to changes to the Existing Standards and amendments to the General Plan. 2.21 "Future Entitlements" refers to all Project Entitlements, or amendments thereto, approved or adopted by the City after the Approval Date. 2.22 "General Fees" refers to all application fees, processing fees, utility connection fees, inspection fees, and development impact fees (including, but not limited to, general development fees, traffic impact fees, park fees and such other similar fees as may be enacted from time to time) generally applied throughout the City to development projects or types of development similar to the Project. 2.23 "General Plan" refers to the City's general plan in effect on the Approval Date. 2.24 "Mortgage" refers to the lien of any mortgage, deed of trust, sale- leaseback agreement, lease, sublease or other transaction under which all or a portion of the Property, including those portions acquired by assignees, is used as security. 2.25 "Mortgagee" refers to the holder of a beneficial interest under a Mortgage or the owner of any interest in all or any portion of the Property under a Mortgage, including those portions acquired by assignees. 2.26 "Notice" refers to any written notice or demand between the Parties required or permitted by this Agreement. 2.27 "Owner" refers to SJD Partners, Ltd., a California limited partnership. 2.28 The "Parties" refers to the City and Owner and a "Party" shall refer to either of the Parties. 2.29 "Proiect" refers to the proposed development of the Property pursuant to CDP 81-01. VTTM 15609. VTTM 14196 and the Pacifica San Juan SEIR. 2.30 "Project Plans" refers to specific residential and other construction plans which shall include elevations, landscaping and architectural designs and features consistent with CDP 81-01 and other Entitlements. 5/14/04 10061.2 H&0: #14593 v3 5 2.31 The "Property' refers to the real property legally described on Exhibit "A" and depicted on Exhibit `B" to this Agreement. 2.32 The "Review Letter" refers to the letter to Owner from City authorized by Section 8.4 below. 2.33 "Tentative Subdivision Man" refers to those subdivision maps vested or standard approved as tentative parcel or tentative subdivision tract maps pursuant to California Government Code Sections 66410, et seq. (and any other provision of law relating to subdivision tract or parcel maps), whether before, after, or on the Approval Date. 2.34 The "Term" refers to the term of this Agreement as provided in Section 4.1 below. 3. EXHIBITS. The following Exhibits to this Agreement are incorporated herein by this reference, whether attached hereto or contained in the Technical Appendices: Exhibit "A": Legal Description of the Property Exhibit `B": Map of the Property 4. GENERAL PROVISIONS. 4.1 Term of Agreement. Unless otherwise extended, terminated or modified pursuant to this Agreement, the term of this Agreement (the "Term") shall commence on the Effective Date and shall extend for a period of ten (10) years following the Effective Date. 4.2 Assignment. The rights and obligations of Owner under this Agreement may be assigned in writing in whole or in part as part of an assignment of all or a portion of the Property. Any assignment shall be subject to the provisions of the Agreement and to the prior written consent of City, which shall not be unreasonably withheld. During the Term, any assignee shall have those rights, benefits and obligations of Owner under this Agreement as expressly assigned with respect to the portion of the Property owned by assignee. Immediately upon delivery by Owner to the City of the assignee's written assumption of Owner's rights and obligations under this Agreement with respect to any portions of the Property being assigned, Owner shall be released from all obligations as to any portions of the Property so assigned. The Property may continue to be subdivided after the Effective Date. Any legal parcel may be assigned for development pursuant to this Agreement. Upon assignment, the obligations with respect to any such parcel shall become several and not joint. As to Owner or other assignees not in Default, the Default of an assignee shall neither constitute a Default, give grounds for tennination of this Agreement, nor be a basis for an enforcement action against Owner or any other non -defaulting assignees. 4.3 Amendment or Cancellation of Agreement. This Agreement may be extended, canceled or amended from time to time by the mutual consent of the Parties, but only 5/14/04 10061.2 H&O: #14593 v3 in the manner provided by the Government Code and the City's Ordinances. The "Agreement" shall include any amendment properly approved and executed. 4.4 Unforeseen Circumstances. If, as a result of facts, events or circumstances presently unknown and unforeseen, and which could not have been known or foreseen by the Parties, the City determines in good faith that the immediate physical health and safety of the City necessitate the modification, suspension or termination of the Agreement, the City shall: (i) give Notice to Owner of a. the City's intended action, and b. the reasons and factual basis for the City's determination; (ii) forward to Owner a minimum of thirty (30) days prior to a public hearing, all documents relating to that determination; (iii) give Notice to Owner at least thirty (30) days prior to the hearing date, of the time and place of the hearing; and (iv) hold a City Council hearing on the determination, at which hearing Owner shall have the right to present witnesses, reports, and oral and written testimony, and further have the right to examine witnesses, City staff, or other persons. The City shall have the obligation, based upon clear and convincing evidence, of establishing that: (i) the circumstances were unknown and unforeseen and could not have been known or foreseen; (ii) the immediate physical health or safety of the community require the suspension, modification or termination of the Agreement in contrast to any other alternative; and (iii) the City and Owner shall have developed an equitable program to adjust the obligations proportionately to meet the changed circumstances. This provision shall neither limit nor expand the rights or liabilities of either of the Parties with respect to the enforcement of the Agreement, the reimbursement of costs related to the Project, or the development of the Property. If the City Council fails to make such findings, then the Agreement shall not be terminated, modified or suspended. The unforeseen circumstances which justify the suspension, modification or termination of the Agreement shall not include changes in state or federal law. In the event of changes in state or federal law, the provisions of Section 4 below shall govern. 5/14/04 10061_2 H&O: #14593 Q 4.5 Enforcement. Unless amended or terminated as provided in Sections 4.3 and 4.4, the Agreement is enforceable by any Party or its assigns, notwithstanding any Future Laws which alter or amend the Existing Standards. 4.6 Relationship of the Parties. The contractual relationship between the City and Owner arising out of this Agreement is one of independent contractor and not agency. 4.7 Sale to Public: Automatic Termination. The provisions of Section 4.2 requiring prior approval shall not apply to sale or long term lease of individual, finally subdivided lots or parcels to members of the public for their use or occupancy. This Agreement shall automatically terminate with respect to such lot or parcel upon the occurrence of the two following events: (i) sale or long term lease to a member of the public and (ii) issuance of a certificate of occupancy for the building(s) constructed thereon. The provisions of this Section 4.7 shall be self-executing without the necessity of execution or recordation of any further document. 5. CONFLICTS OF LAW. 5.1 Conflict of City and State or Federal Laws. If state or federal laws or regulations enacted after the Approval Date (i) prevent compliance with any provision of the Agreement, (ii) require (as opposed to allow) changes in plans, maps or permits approved by the City, and (iii) the federal or state law or regulations are mandatory and controlling, then the Parties shall: 5.1.1 Notice and Conies. Provide the other Party with Notice and a copy of the law or regulation and a statement of the conflict between the law or regulation and the provisions of the Agreement and of the proposed course of action of the Party giving the Notice; and 5.1.2 Modification Conference. Within thirty (30) days following the Notice, meet and confer in good faith in a reasonable attempt to modify the Agreement to comply with the law or regulation. 5.1.3 City Council Hearings. Subsequent to the conference referred to in Subsection 5.1.2 above, whether or not the Parties agree on the effect of the law or regulation upon this Agreement, the matter shall be scheduled for hearing before the City Council. Thirty (30) days' written notice of the hearing shall be given pursuant to Government Code Section 65867. The written notice shall identify the proposed modification, suspension or alternate course of action. The City Council, at the hearing, shall determine the exact modification or suspension or alternate course of action, if any, which is necessitated by such law or regulation. At the hearing, Owner shall have the right to offer oral and written testimony. Any modification or suspension of the Agreement or alternate course of action shall be taken only by the affirmative vote of not less than a majority of the authorized number of members of the City Council, and shall be subject to judicial review in conformance with Section 9.5 below. 5/14/04 10061.2 H&O: #14593 v3 8 5.2 Cooperation in Securing Permits. The City shall assist Owner in the securing of any pen -nits, including permits from other public agencies, which may be required as a result of the modifications, suspensions or alternate course of action. 6. DEVELOPMENT OF THE PROPERTY. 6.1 Permitted Uses. Subject to Sections 4 and 5 above, during the Term, the rules, regulations and official policies governing the permitted uses of the Property, the density or intensity of use, the timing and phasing of development of the Project, the maximum height and size of proposed buildings, the provisions for reservation or dedication of land for public purposes, and the design, improvement and construction standards for the Project shall be only those set forth in this Agreement, CDP 81-01, and the Entitlements. In the event of any inconsistencies, the provisions of CDP 81-01 and Entitlements shall prevail over all other Existing Standards and this Agreement. All future amendments of CDP 81-01 and Entitlements which are approved by the City Council and Owner shall be deemed consistent with this Agreement. 6.2 Future Laws. Future Laws shall not apply to the Property or the Project except as expressly provided in this Agreement or expressly required as opposed to permitted by State or federal law. 6.3 Future Discretionary Reviews. Owner's applications for Future Entitlements shall comply with all applicable procedural rules and regulations, the Comprehensive Development Plan 81-01, the Entitlements, and this Agreement. The City shall not impose any conditions upon any Future Entitlement which are more restrictive than or inconsistent with the Existing Standards and Entitlements, except as expressly provided in this Agreement and as expressly re uired as opposed to permitted by state or federal law. In reviewing Future Entitlements, the City may impose only those conditions and require only those dedications and reservations of land which are necessary to implement the express terms of the Comprehensive Development Plan 81-01 and the Entitlements. This Agreement is not intended to prevent the City from exercising its discretionary rights with respect to Future Entitlements, as they exist as of the Approval Date, including, but not limited to, discretionary review of site development plans provided such discretionary rights are exercised in good faith and not in a manner inconsistent with the Existing Standards, Entitlements and this Agreement. 6.3.1 Project EIR. The Parties intend that the Pacifica San Juan SEIR shall be the project EIR for all Entitlements and Future Entitlements for the Project, and no future environmental impact reports are required. Notwithstanding the foregoing, the City may conduct, if legally required in accordance with CEQA and the Existing Standards, an environmental review of Future Entitlements. The City may impose, if legally required by CEQA, additional reasonable and customary mitigation measures to mitigate significant adverse environmental effects which were not previously considered at the time of approval of CDP 81-01, the SEIR and/or the Entitlements. 6.3.2 Open Space Dedication. The open space slope area northeast of the Country Residential area will be offered for dedication and accepted or otherwise transferred 5/14/04 10061.2 H&O: #14593 v3 9 in fee to the City as a lettered lot in a final tract map. This lot is separate and exclusive from the improved portion of the lettered catchment area (Lot O). This lot shall be described by a metes and bounds description prepared by developer and approved by City. This dedication, acceptance and/or transfer shall occur at the earliest reasonable opportunity subject to Owner's rights or needs to undertake grading and/or construction activities on said property, which permissions will not be withheld or delayed by the City. An additional lettered lot ("Lot B") constituting the catchment area of the Project will be transferred by grant deed to the applicable homeowners association with the CC&Rs reflecting that Lot B is a common area. With respect to other open space areas, open space easements shall be conveyed to the City limiting use and development of such areas and any structures, fences or other improvements, except as provided below, so as to preserve its general natural character. Fee title is to remain with individual property owners or the homeowners association. Repair and maintenance of said open space areas shall be the responsibility of the homeowners association, provided however, Owner shall have the option of including the repair and maintenance of said open space areas within a Landscape and Lighting District, which will relieve the homeowners association of such responsibilities. The Parties acknowledge that various public facility and/or utility easements, including, but not limited to, streets, trails, water lines, sewer lines, telephone, gas, electric, storm drain facilities and similar infrastructure, will cross or affect the open space areas subject to review and approval by City. 6.4 Application of Subsequently Enacted Rules, Relations, Etc. Subject to Section 6.3, Future Laws may be applied to the Project only if they are not in conflict with or more restrictive than the Existing Standards and will not prevent, hinder, delay or financially impact development of the Property according to CDP 81-01 and Entitlements and in the time frame desired by Owner. Provided, however, the City may apply future changes to the uniform codes such as the Uniform Building Code, Uniform Electrical Code and Uniform Mechanical, Plumbing and Fire Codes which changes are based on recommendations of a multi -state professional organization and enacted by the City, provided such changes are related to matters of public health and safety. 6.5 Priority Processing. Subject to applicable laws regulating the processing time frames for Future Entitlements, City shall use its best efforts to expeditiously process Future Entitlements, including plan check processing to review plans and provide a corrections list to Owner within ten (10) days of submittal. Additionally, the City shall use its best efforts to expeditiously process and conclude any necessary proceedings in eminent domain and obtain orders of immediate possession. 6.6 Time For Construction and Completion of Project. Owner and City cannot predict when or the rate or the order in which the Private Improvements will be developed, if at all. Such decisions depend upon numerous factors which are not within the control of Owner, such as market orientation and demand, interest rates, absorption, completion, and other similar factors. Therefore, Owner may develop the Project at the rate deemed appropriate in Owner's subjective business analysis. However, the residential building permit allocation plan shall be governed by Section 6.7 hereinafter. Notwithstanding the California Supreme Court decision in Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1984), the Parties' emphasize it is the intention and purpose of this Agreement that Owner shall have 5/14/04 10061.2 H&O: #14593 v3 10 the right to develop the Project at such rate, and at such times as Owner deems appropriate. It is the intent of the parties hereto that no moratorium or other limitation (whether relating to the rate, timing or sequencing of the development or construction of all or any part of the Project and whether enacted by initiative or otherwise) affecting parcel or subdivision maps (whether tentative, vesting tentative or final), building permits, occupancy certificates or other entitlements for use approved, issued or granted within City, or any portion thereof, shall apply to the Project to the extent such moratorium or other limitation is inconsistent or in conflict with this Agreement. 6.7 Residential Building Permit Allocation Plan. City has by the adoption of Resolution #03-03-18-0 established an annual allocation of dwelling units for Owner's project consisting of up to 282 dwelling units in year 2005 and 134 dwelling units in year 2006. This allocation authorizes the issuance of building permits for these dwelling units during the above stated calendar years. Notwithstanding Municipal Code Section 9-2.325, City hereby authorizes Owner, or its successors in interest, as a matter of right to obtain building permits for those allocated dwelling units which are not actually constructed during years 2005 and 2006, in successive years on an as needed basis. 6.8 Certificate of Completion. If requested by Owner or any Mortgagee after City's formal approval of any stage or portion of development of the Project, City shall provide Owner with an instrument certifying completion. The certification is a conclusive determination that the obligations of Owner under the Agreement with respect to the stage or portion of development so described has been met. The certification shall be in recordable form. Such Certificate of Completion is not a notice of completion as referred to in California Civil Section 3093. 6.9 Tentative Subdivision Maps. Subject to proceeding in compliance with state and local law, including holding public hearings and making any required findings, the City shall expeditiously process Tentative Subdivision Maps applied for by Owner if those applications comply with Existing Standards including the City's subdivision ordinances in effect on the Approval Date. The City shall extend through the Term (pursuant to Government Code Section 66452.6) all Tentative Subdivision Maps associated with the Project. 6.10 Cooperation in Securing Government Permits/Conflict of Laws. The City shall cooperate with Owner in submitting information which may be required by any other governmental agency in order to develop the Project in accordance with this Agreement. Owner will reimburse City for all reasonable costs incurred in providing such assistance. 6.11 Mass Grading Authorized Following Tentative Map. The mass grading of the Project, pursuant to an approved grading plan permit, may commence, at Owner's election, following approval of a tentative subdivision map. PUBLIC IMPROVEMENTS PROGRAM. 7.1 Responsibility for Public Improvements. The Owner shall construct the on-site public improvements and construct or contribute the Project's pro -rata share of the off - 5/14/04 10061.2 H&O: #14593 v3 11 site public improvements as required by the findings and conditions of CDP 81-01, VTTM 15609, VTTM 14196 and the SEIR. 7.2 Acquisition/Condemnation of Off -Site Property. If the City is unable or unwilling to acquire or condemn any necessary off-site property, rights of way, or easements per Government Code Section 66462.5, then, in accordance with said provision, the condition shall be conclusively deemed waived. Such acquisition/condemnation shall be at Owner's expense, including attorneys' fees and court costs. 7.3 Phasing of Public Improvements. Although Owner may determine the timing of development of the Project as provided in Section 6.6 above, the Public Improvements may be completed in one or more phases as outlined above and as required to serve the particular increment of development represented by each final map. 7.4 Improvements Scheduling. Dates or times of performance by either Party may be subject to revision from time to time due to economic conditions and other causes as mutually agreed to by the Parties in writing. Such revisions are deemed to be within the framework of the Agreement and do not constitute amendments to the Agreement. 7.5 Financing for Public Improvements. From time to time, Owner may propose to City use of public district financing, including but not limited to, community facilities districts, assessment districts, or other bonded indebtedness programs to facilitate the construction or acquisition of Public Improvements to be constructed and financed by the Project. City agrees to consider such proposals, if made, under its Existing Standards in good faith. Nothing herein shall be deemed to preclude the use of public financing techniques reasonably acceptable to Owner and City. 7.6 Sewer Capacity. In further consideration of the mutual obligations contained herein, City agrees to use its best efforts to assure the availability of sufficient sewer capacity for construction, development and occupancy of the Property consistent with this Agreement. 8. ANNUAL REVIEW. 8.1 City and Owner Responsibilities. At least every twelve (12) months during the term of this Agreement, City shall review the extent of good faith substantial compliance by Owner with the terms of this Agreement (the "Annual Review"). At the conclusion of the Annual Review, the City's finding of good faith compliance by Owner with the terms of the Agreement shall be conclusive up to the date of such finding for the purposes of future Annual Reviews or legal action between the Parties. Pursuant to Government Code Section 65865. 1, as amended, and applicable City Ordinances, Owner shall have the duty to demonstrate its good faith compliance with the terms of the Agreement at the Annual Review. The Parties recognize that the Agreement could be deemed to contain thousands of requirements (i.e., construction standards, landscape standards, etc.) and that evidence of each and every requirement would be a wasteful exercise of the Parties' resources. Accordingly, Owner shall be deemed to have satisfied its duty of demonstration when it presents evidence of its good faith and 5/14/04 10061.2 H&O: #14593 v3 12 substantial compliance with the major provisions of Sections 7 and 8 of this Agreement, including information concerning the use, numbers, types, densities, heights and sizes of structures completed and of any reservations and dedications to City. Substantial compliance shall be defined as meeting the intent of the Parties with respect to the obligations of the Agreement. Either Party may address any requirements of the Agreement during the Annual Review. However, fifteen (15) days' prior written Notice of any requirement to be addressed shall be made by the requesting Party. If, at the time of review, an issue not previously identified in writing is required to be addressed, the review shall be continued at the request of either Party to afford sufficient time for analysis and preparation of a response. 8.2 Opportunity to be Heard. Owner shall be permitted an opportunity to be heard orally and in writing at any noticed public hearing regarding its performance under the Agreement. Owner shall be heard before each appropriate commission and the City Council at any required public hearing concerning a review of performance under the Agreement. 8.3 Information to be Provided to Owner. City shall mail to Owner a copy of staff reports and related exhibits concerning Agreement performance a minimum of ten (10) calendar days prior to consideration and review by the City Council in the manner set forth in Government Code Sections 65865, 65867 and 65868, as amended. 8.4 Review Letter. If Owner is found to be in compliance with the Agreement after the Annual Review, City shall issue, upon written request by Owner, a letter to Owner (the "Review Letter") stating that, based upon information known or made known to the City Council, the City Planning Commission, and/or the City Manager, the Agreement remains in effect and Owner is not in Default. Owner may record the Review Letter in the Official Records of the County of Orange. 8.5 Estoppel Certificates. Either party may at any time, and from time to time, deliver written Notice to the other Party requesting that the other Party certify in writing that to the knowledge of the certifying Party: (i) The Agreement is in full force and effect and is a binding obligation of the Parties. (ii) The Agreement has not been amended or modified either orally or in writing or, if so amended, identifying the amendments. (iii) No Default in the performance of the requesting Party's obligations under the Agreement exists or, if in Default, the nature and amount of any Default. A Party receiving a request under this provision shall execute and return a certificate within thirty (30) days following receipt of the request. The Director shall have the right to execute any certificate requested by Owner on behalf of City. A certificate given pursuant to this Section 8.5 may be relied on by assignees and Mortgagees. 5/14/04 10061.2 H&O: #14593 Q 13 8.6 Failure of Periodic Review. City's failure to review at least annually Owner's compliance with the terms and conditions of this Agreement shall not constitute or be asserted by City as an Owner Default. 9. ENFORCED DELAY DEFAULT REMEDIES AND TERMINATION. 9.1 General Provisions. Failure or unreasonable delay by either Party to perform any term or provision of this Agreement for a period of thirty (30) days after written notice thereof from the other Party shall constitute a default under this Agreement, subject to extensions of time by mutual consent in writing. Said notice shall specify the nature of the alleged default and the manner in which said default may be satisfactorily cured. If the nature of the alleged default is such that it cannot reasonably be cured within such 30 -day period, the commencement of the cure within such time period and the diligent prosecution to completion of the cure shall be deemed a cure within such period. Subject to the foregoing, after notice and expiration of the 30 -day period without cure, the other Party to this Agreement, at its option, may institute legal proceedings pursuant to this Agreement and/or give notice of intent to terminate this Agreement pursuant to Government Code Section 65868. Following such notice of intent to terminate, the matter shall be scheduled for consideration and review by the City Council within thirty (30) calendar days in the manner set forth in Government Code Sections 65865, 65867 and 65868. Following consideration of the evidence presented in said review before the City Council, the Party alleging the default by the other Party may give written notice of termination of this Agreement to the other Party. 9.2 Default by City. In the event City does not accept, review, approve or issue necessary development permits, entitlements, or other land use or building approvals for use in a timely fashion as provided in this Agreement, or as otherwise agreed to by the Parties, or the City otherwise defaults under the terms of this Agreement, Owner shall have the right to rescind this Agreement or, in the alternative, seek specific performance, without any right to monetary damages; provided, however, that to the extent that the actions of City constituting a default deprive Owner of the benefit of improvements for which assessments or special taxes have been levied on the Property, Owner may be entitled to a full or partial refund or relief from such assessments or special taxes. 9.3 Specific Performance Remedy. Due to the size, nature and scope of the Project, it will not be practical or possible to restore the Property to its natural condition once implementation of this Agreement has begun. After such implementation, Owner may be foreclosed from other choices it may have had to utilize the Property and provide for other benefits. Owner has invested significant time and resources and performed extensive planning and processing of the Project in agreeing to the terms of this Agreement and will be investing even more significant time and resources in implementing the Project in reliance upon the terms of this Agreement, and it is not possible to determine the sum of money which would adequately compensate Owner for such efforts. In addition, City and Owner agree that, except as provided in Section 9.6, monetary damages are not available if City fails to carry out its obligations under this Agreement. Therefore, specific performance of this Agreement is the only remedy which would compensate Owner if City fails to carry out its obligations under this Agreement, and City 5/14/04 10061.2 H&O: #14593 v3 14 hereby agrees that Owner shall be entitled to specific performance in the event of a default by City hereunder. 9.4 Enforced Delay, Extension of Time of Performance. Neither Party shall be deemed to be in Default where delays or Defaults are due to war, insurrection, strikes, walkouts, riots, floods, earthquakes, fires, casualties, acts of nature, unavailability of materials, governmental restrictions imposed or mandated by governmental entities, suspension of rights in accordance with the existence of unforeseen circumstances, litigation, or similar reasons for excused performance. An extension shall commence to run from time of commencement of the cause of the delay. 9.5 Institution of Legal Action. In addition to any other rights or remedies, either Party may institute legal action to cure, correct or remedy any Default, to enforce any provision of this Agreement, to enjoin any threatened or attempted violation of this Agreement, or to obtain any remedies consistent with the purpose of this Agreement. Legal actions shall be instituted in the Superior Court of the County of Orange, State of California, or in the Federal District Court in the Central District of California. 9.6 Applicable Laws/Attomev's Fees. The Agreement shall be construed and enforced in accordance with the laws of the State of California. All statutory references are to California statutes. Should any action between the Parties be brought in any court of competent jurisdiction arising out of or in connection with the Agreement, the prevailing Party in the action shall be entitled to recover reasonable attorney's fees, court costs, and necessary disbursements in connection with this litigation. 9.7 No Waiver of Existing Rights or Applicable Laws. This Agreement is not intended to require Owner to accept or commit to any existing or future Exaction, which could not lawfully have been imposed by the City without entering into this Agreement. This Agreement shall neither limit nor expand: (i) General Fees: Owner's right to challenge any General Fee as being contrary to applicable law; (ii) Existing Subdivision Maps: Owner's rights under any Existing Subdivision Map, Comprehensive Development Plan, Entitlement, or Future Entitlement; or (iii) Exactions: Owner's right to challenge any existing or future Exaction as being in excess of Exactions permitted by applicable law or by this Agreement. 10. ENCUMBRANCES AND RELEASES ON PROPERTY. 10.1 Discretion to Encumber. The Agreement shall not prevent or limit Owner, in any manner, at Owner's sole discretion, from encumbering the Property or any portion of the Property or any improvement on the Property by any Mortgage. City acknowledges that lenders providing financing may require modifications to the Agreement and City agrees, upon request, 5/14/04 10061.2 H&O: #14593 v3 15 from time to time, to meet with Owner and/or representatives of lenders to negotiate in good faith any lender request for modification. City agrees to not withhold unreasonably its consent to any lender requested modification to the Agreement. 10.2 Entitlement to Written Notice of Default. Any Mortgagee and its successors and assigns, upon written request to City, shall be entitled to receive from City written Notice of any Owner Default at the same time Owner is provided with Notice pursuant to Section 8.4 above. 10.3 Property Subject to Pro Rata Claims. Any person or entity who comes into possession of any portion of the Property pursuant to foreclosure of a Mortgage or deed in lieu of foreclosure, shall take possession, on an average pro rata basis, subject to claims for payments or charges established by the Agreement against the Property and which accrue prior to the time the person or entity comes into possession. 11. MISCELLANEOUS PROVISIONS. 11.1 Rules of Construction. The singular includes the plural; the masculine gender includes the feminine; "shall' is mandatory; "may" is permissive. 11.2 Severability. If any non -material provision of the Agreement shall be adjudged by a court of competent jurisdiction to be invalid, void or illegal, it shall in no way affect, impair or invalidate any other provision of the Agreement. In the event a material part of the Agreement is adjudged by a court of competent jurisdiction to be invalid, void or illegal, the entire Agreement is deemed to be unenforceable or void. For purposes of this Section 11.2, all provisions of Section 6 are deemed to be a "material part" of the Agreement. If any portion of the Agreement is adjudged to be unenforceable, that portion shall be deemed to be a statement of intention by the Parties and the Parties shall take all steps necessary to make valid the Agreement or that portion which is adjudged to be unenforceable. 11.3 Entire Agreement, Waivers, and Amendments. This Agreement constitutes the entire understanding and agreement of the Parties with respect to the subject matter of this Agreement. This Agreement supersedes all negotiations and previous agreements between the Parties with respect to that subject matter. All waivers of the provisions of this Agreement must be in writing and signed by the appropriate agents of City or of Owner. All amendments to this Agreement must be in writing signed by the appropriate agents of City and Owner, in a form suitable for recording in the Official Records of Orange County, California. Within ten (10) days following the Effective Date, a copy of this Agreement shall be recorded in the Official Records of Orange County, California. Upon the completion of performance of this Agreement or its revocation or termination, a statement evidencing completion, revocation or termination signed by the appropriate agents of Owner and City shall be recorded in the Official Records of Orange County, California. 11.4 Project as a Private Undertaking. It is specifically understood by the Parties that: (a) the Project is a private development; (b) City has no interest in or responsibilities for or duty to third parties concerning any Private Improvements to the Property; 5/14/04 10061.2 H&O: #14593 v3 16 and (c) Owner shall have the full power and exclusive control of the Property subject to the obligations of Owner set forth in the Agreement. 11.5 Incorporation of Recitals. The Recitals set forth in this Agreement are part of this Agreement. 11.6 Captions. The captions of this Agreement are for convenience and reference only and shall not define, explain, modify, construe, limit, amplify or aid in the interpretation, construction or meaning of any of the provisions of this Agreement. 11.7 Consent. Where the consent or approval of a Party is required in or necessary under this Agreement, the consent or approval shall not be unreasonably withheld. 11.8 Covenant of Good Faith and Fair Dealing. Neither Party shall do anything which shall have the effect of harming or injuring the right of the other Party to receive the benefits of this Agreement. Each Party shall refrain from doing anything which would render its performance under this Agreement impossible. Each Party shall do everything which this Agreement contemplates that such Party shall do to accomplish the objectives and purposes of this Agreement. 11.9 Covenant of Cooperation. The Parties shall cooperate with and assist each other in the performance of the provisions of this Agreement, including assistance in obtaining permits for the development of the Property which may be required from public agencies other than City. Owner reserves the right to challenge any ordinance, measure, moratorium or other limitation in a court of law if it becomes necessary to protect the development rights vested in the Property pursuant to this Agreement. 11.10 Further Actions and Instruments. Each of the Parties shall cooperate with and provide reasonable assistance to the other to the extent contemplated in the performance of all obligations under this Agreement and the satisfaction of the conditions of this Agreement. Upon the request of either Party, the other Party shall promptly execute, with acknowledgment or affidavit if reasonably required, and file or record such required instruments and writings and take any actions as may be reasonably necessary under the terms of this Agreement to carry out the intent and to fulfill the provisions of this Agreement or to evidence or consummate the transactions contemplated by this Agreement. 11.11 Operating Memoranda and Amendments. The Parties acknowledge that the passage of time may demonstrate that changes are necessary or appropriate with respect to the details of each Party's performance under this Agreement. Because the parties desire to retain a certain degree of flexibility with respect to the details of each Party's performance pursuant to this Agreement, if and when the parties find that changes are necessary or appropriate, they will, unless otherwise required by law, effectuate such changes or adjustments through operating memoranda approved by the Owner and by the Planning Director on behalf of the City. Each such operating memorandum will be attached hereto as an addendum and become a part hereof, and may be further changed from time to time as necessary or appropriate, as provided in this Section. No such operating memorandum will be deemed to be an amendment 5/14/04 10061.2 HR.O: #14593 v3 17 of this Agreement under Government Code Section 65868 and unless otherwise required by law, no such operating memorandum will require prior notice or hearing. Notwithstanding the foregoing, the following matters will not be considered as appropriate subjects of operating memoranda, but will be considered substantive amendments which must be reviewed by the Planning Commission of the City and approved by the City Council. 11.11.1 Alteration of Permitted Uses. Alteration of the permitted uses of the Property except to the extent permitted by this Agreement or the Comprehensive Development Plan. 11.1.1.2 Increase in Density or Intensity. Increase in the density or intensity of use or number of buildable lots except to the extent permitted by this Agreement or CDP 81-01. 11.11.3 Increase in Height and Size. Increase in the maximum height and size of permitted buildings except to the extent permitted by this Agreement or CDP 81-01. 11.11.4 Deletion of Reservation Requirements. Deletion of a requirement for the reservation or dedication of land for public purposes, except for minor boundary adjustments approved by the Community Development Director of the City and except to the extent permitted by this Agreement or the Comprehensive Development Plan. 11.12 Successors and Assigns. Subject to Section 4.2, the burdens of this Agreement shall be binding upon, and the benefits of the Agreement inure to, all successors -in - interest and assigns of the Parties. 11.13 Notices. All Notices between the Parties pursuant to this Agreement shall be in writing and shall be given by personal delivery (including Federal Express or other similar commercial overnight delivery services providing acknowledgments of receipt), by U.S. Postal Service registered mail, or by telegram to the addresses set forth below. Receipt shall be deemed complete as follows: (i) For personal delivery, upon actual receipt; (ii) For U.S. Postal Service registered, certified, or express mail, upon the delivery date or attempted delivery date as shown on the return receipt; and (iii) For telegram, upon the transmission of the telegram. Notices shall be addressed as follows: To the City: City Clerk/City Manager City of San Juan Capistrano 32400 Paseo Adelanto San Juan Capistrano, CA 92675 5/14/04 10061.2 H&O: #14593 v3 18 To Owner: SJD Partners, Ltd. c/o SunCal Companies 2392 Morse Avenue Irvine, CA 92614 Attention: Bruce Elieff and Dennis D. O'Neil, Esq. Hewitt & O'Neil LLP 19900 MacArthur Blvd., Suite 1050 Irvine, CA 92612 The addresses to which Notices shall be sent may be changed by giving written notice of change of address in the manner set forth above. 11.14 Recording. The City Clerk shall cause a copy of the Agreement to be recorded with the Office of the County Recorder of Orange County, California within ten (10) days following the Effective Date. 11.15 Effective Date. This Agreement shall not take effect and no rights or obligations contained herein shall vest or inure to the benefit of any Party hereto until the Effective Date of the ordinance specified in Section 1.7 of this Agreement pursuant to Government Code Section 65867.5 and the completion of any referendum process initiated thereunder. [Signature page follows] 5/14/04 10061.2 H&O: #14593 v3 19 This Agreement has been executed by the Parties as of the date set forth next to their respective signatures. "CITY" Cir'i�]�L\��1.�►[r�IJf.YY:L\►N�1 0 ATTEST: Mej Mo ahan, City Clerk Joe Sojb, Mayor I HEREBY APPROVE the form of the foregoing Agreement. U V ,4, qWly- John Sh w, City Attorney "OWNER" SJD PARTNERS, LTD., a California limited partnership By: SJD Development Corp., a California corporation, General Partner By: Bruce Elieff Signatures To Be Notarized by Public Notary 5114/04 10061.2 H&O: #14593 v3 20 ALL PURPOSE ACKNOWLEDGMENT STATE OF CALIFORNIA COUNTY OF ORANGE On May 14th, 2004 before me, Tracie Thompson, a Notary Public, personally appeared Bruce Elieff, personally known to me ( ) the person(s) whose name(&) is/are-subscribed to the within instrument and acknowledged to me that he/she4hey executed the same in his{hedthek authorized capacity("} an that by his/he444& signature(s) on the instrument the person(&), or the entity upon behalf of which the person(&) acted, executed the instrument. WITNESS my hand and official seal. TRACIE THOMPSON Commission # 1383422 i0MyComm.EViresNov5,2006 Notary Public - California > Orange County Signature/3�oi .r ,c ) � da,v1,� �T (NOTARY SEAL) ATTENTION NOTARY: Although the information requested below is OPTIONAL, it could prevent fraudulent attachment of this certificate to another document. THIS CERTIFICATE MUST BE ATTACHED TO Title of Document Type: Amendment & Reinstatement of Development Agreement for Pacifica San Juan Project, SJD Partners, Ltd. THE DOCUMENT DESCRIBED AT RIGHT is 20 Pages: Signer(s) Other Than Named Above n/a PUBLIC AGENCY FORM OF ACKNOWLEDGEMENT State of California ) County of Orange ) ss. City of San Juan Capistrano ) (Gov't Code 40814 & Civil Code 118 1) On June 15, 2004 before me, Margaret R. Monahan, City Clerk, personally appeared Joe Soto personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. (SEAL) OPTIONAL Capacity Claimed by Signers Description of Attached Document Mayor Amendment & Restatement of Development Agreement for the Pacifica San Juan 'title Project.... Signers are Representing City of San Juan Capistrano