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1975-0820_CRUMRINE , CHARLES E_AgreementAGREEMENT RELATING TO THE POSTPONEMENT OF REQUIREMENTS TO INSTALL PUBLIC IMPROVEMENTS DOL 75-3 CRUMRINE THIS AGREEMENT is made as of this 20th day of August, 1975, by and between the CITY OF SAN JUAN CAPISTRANO, hereinafter called "City", and CHARLES E. CRUMRINE and HARRIET CRUMRINE HOWARD, hereinafter called "Developers". W I T N E S S E T H: WHEREAS, Developers are the owners of and desire to divide a certain parcel of real property located in the City of San Juan Capistrano, into four (4) parcels sub- stantially in accordance with proposed parcel map attached hereto as Exhibit "A"; and WHEREAS, City customarily requires that Developers install certain public improvements, including public streets, curbs, gutters, and the undergrounding of utilities as a condition to the approval of any division of land; and WHEREAS, City and Developers acknowledge that such improvements are not necessary until such time as neighboring Bear Brand Ranch is developed for residential purposes; and WHEREAS, Developers, acknowledging their obligation to make the improvements, desire to postpone them until such time as the Bear Brand Ranch shall commence its development. -1- 6 NOW, THEREFORE, in consideration of the premises, and as a material condition of the City's approval of the division of Land No. 75-3, City anc Developers agree as follows: 1. City agrees that the public improvements.... required as a condition of approval of DOL No. 75-3, shall be postponed until such time as the residential land lying Northwesterly of and adjacent to Owners' property as shown and depicted on Exhibit "B" is approved for development,at which time said improvements may be required at the option of the City Council; provided that the deeds from developers to their purchasers contain specific language relating to the obligation to make public improvements at the time Bear Brand Ranch is approved for development. 2. Owners further acknowledge that the aforesaid public improvements are a material part of the DOL, 75-3, and benefit the land. 3. Owners, accordingly, promise and agree that they will execute an appropriate document which will encumber the aforesaid land and require the aforesaid obligation to run with their land. 4. Owners, for and on behalf of themselves, their heirs, successors and assigns further agree that they will participate in any improvement district that may be initiated for the purpose of installing the aforesaid public improvements -2- 6 or any part thereof, and that neither they, nor their heirs, successors or assigns, will object to the formation of such an assessment district, so long as said improvement district encompasses all land owners in the applicable area of benefit. IN WITNESS WHEREOF, the parties hereto have executed this contract on the date first above written. CITY OF SAN JUAN CAPISTRANO Z� s s K. Weathers Charles C umrine Mayor "CITY" ATTEST: Lary AT6 Hanover, City Clerk APPROVED AS TO FORM: WELPUTT & OKAZAKI N B *�Jn.�meS.kazaki, C1ky Attorney 01 "DEVELOPERS" SCALE WA GIN OF SAM JUAN CAPISTQWO raXNILt>IT, A, PRoPo5c-c,> MAP PARCEL POL 75-3 GRUMRINE , AUG. 1175 5EAK 6 MR El CKUMKIME- [?QL- 7-05-25 CITY OF to 7117 ultt"H 0 EX 141 E51T \g/ 464KEeM�WT KE-LATIWG TO THE 9o5TFoWEMrNT OF KE-90KFEMEN1-S TO N57kL-L PUI-3LI6 IHFKOVeMF-N75 AF7A