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1980-1203_CORRALES ESTATES_Reimbursement AgreementTO: William Huber, Director of Engineering & Building Services r FROM: Dawn M. Schanderl, Deputy City Clerk DATE: November 10, 1995 SITUATION: On December 3. 1980. the City of San Juan Capistrano entered into a Reimbursement Agreement with Corrales Estates, a Joint Venture for drainage, Tracts 9373 and 7654 (Corrales Estates). ACTION REQUESTED: Reimbursement Agreement shall remain in effect for an initial period of fifteen (15) years from the date of the agreement and upon the expiration of said period shall be subject to extension for an additional period of fifteen (15) years as provided in Section 4 of agreement. Term ends December 3, 1995. Copy of agreement attached. Will agreement be extended or closed out? ACTION TO BE TAKEN: DATE WHEN NEXT ACTION (S) SHOULD BE TAKEN: SIGNATURE OF OFFICIAL TAKING ACTION: DATE SIGNED: iiii�i]:zNYYLNIla�.71C.Y]�l�Cly/urt�lU'1[/L.`/al�).f��ii. Tickler Date: 11/10/95 Deadline Date: 12/03/95 cc: CityAttorne.v (corrales/600.60) lib ' ✓ �`� C'��"� l��'1A143� 0 REIMBURSEMENT AGREEMENT THIS AGREEMENT, for purposes,of identification hereby dated the 3rd day of December 198'0, is by and between Corrales Estates, a Joint Venture , hereinafter referred to as "DEVELOPER", and City of San Juan Capistrano, hereinafter referred to as "CITY." W I T N E S S E T H: WHEREAS, the CITY has heretofore adopted the Master Plan of Drainage for the San Juan Capistrano -Capistrano Beach Area (hereinafter called Master Plan) which establishes drainage fee assessment areas throughout the CITY; and WHEREAS, in connection with the development of its land, DEVELOPER applied for and was granted approval of Tract(s) 9373 and 7654 on condition that it meet the requirements of the a oresaid Master Plan; and WHEREAS, in accordance with the Master Plan, DEVELOPER is required to pay a drainage assessment fee of $ 83,421.00 ; and WHEREAS, DEVELOPER has completed the improvements of Tract(s) 9373 and 7654 and paid the sum of $ 289,612.00 for the ars'— tallation of storm drain facilities; and WHEREAS, DEVELOPER has, accordingly, paid an excess of $ 206,191.00 for and on account of said drainage assessments, and is entitled to reimbursement of that sum. NOW, THEREFORE, in consideration of the premises hereinabove set forth, CITY agrees to reimburse DEVELOPER an. aforesaid sum of $ 206,191.00 from drainage fees collected from Drainage Assessment Area LO1 , under the following terms and conditions: 1. Term: This reimbursement agreement shall remain in effect for an initial period of fifteen (15) years from the date of this agreement and upon the expiration of said period shall be subject to extension for an additional period of fifteen (15) years as provided in Section 4 of this agreement. 2. Priority in Claims: It is hereby specifically understood and agreed that the reimbursement payment contemplated herein shall come solely from funds paid into the aforesaid Drainage Assessment Area L01 , and in the event that there should be other parties claiming refunds the priority of any payments made from said fund shall be determined by the date of the respective reimbursement agreements. 3. Completion of Master Planned Facilities: CITY shall not be required to reimburse DEVELOPER until all master planned facilities within the Drainage Assessment Area LO1 have been constructed unless City Council determines that the payment of such reimbursement will not jeopardize the improve- ment or construction of master planned facilities, except as provided in Section 4 of this agreement. 4. Reimbursement Upon Expiration of Initial Term; Upon expiration of the initial term of this agreement, and provided that DEVELOPER is otherwise entitled to reimburse- ment as provided in Section 2, CITY shall reimburse to DEVELOPER so much of the unpaid balance as is then available as said term is hereinafter defined, from Drainage Assessments for Drainage Assessment Area LO1 , whether or not all of the master planned facilities within said area have been constructed. If funds are not available to reimburse DEVELOPER fully and if the City Council does not find and determine that the master drainage Ilan will be jeopardized, then at the written request of the DEVELOPER and at the CITY'S sole and absolute discretion, the term of this agreement may be extended for an additional period of fifteen (15) years. If DEVELOPER .is not fully reimbursed prior to the said extension, then upon the expiration of said extension CITY shall reimburse to DEVELOPER .so much of, the unpaid balance as is then available from drainage assessments for Drainage Assessment Area L01 , whether or not all of the master planned facilities within, said area have been constructed. The availability of funds as herein contemplated shall depend not only upon the existence of money in such fund, but also upon whether such funds or any portion thereof may be required for the installation of necessary drainage facilities. 5. Binding Effect: This agreement shall be binding on the parties hereto, their successors, heirs, or assigns, and it shall be the duty and obligation of the DEVELOPER, its successors, heirs, or assigns, to inform the CITY of any changes in address. The official mailing address of DEVELOPER is as follows: 2643 Fourth Avenue San Diego, California 92103 IN WITNESS THEREOF, the parties hereto have executed this agreement on the date first above written, CITY OF SAN JUAN CAPISTRANO ATTEST: . HAUSDORFER 1IMM- [ileac APPROVED AS TO FORM: (j �{ " ALL SIGNATURES MUST BE NOTARIZED ,TAMES S. OKAZAKI(, CITY ATTORNEY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss ) Prti•�ti^ rt^_e=ra. � :•*r�,r rrb*.mv. OFFICIAL SEAL Y NAARI _ F+2 IV: iPAL o Y LIN SAN DUO COUNTY :• My Commission Expires Dcce,mber 3, 1331 .'.' Y.lYNh°:S.L"i�`:1.'i,'L`: -L".i L9+S•.ti� -- z - Ch IVO tlon before me the under!iT` Yed a Notary Public in and for said State, personally appeared 14,pY.�EuJ dpi,l„l knam to me to be tae ix rson �sjwhose n u ls)-�S'su}�s rc il cl to the within incl u x nt mrid ac rorrlc3yed uTat Ile- executed the same for the purpose therein contained. IN WITNESS WHEREM , I hereunto set my hand and official seal. cisylxd or �jd Td% 14, LA-f',grany�i%P� 32400 PASEO AOELANTO SAN JUAN CAPISTRANO, CALI"ORNIA 92675 -PHONE 491-1171 December 4, 1980 Patrick Development 2643 Fourth Avenue San Diego, California 92103 Re: Drainage Reimbursement Agreement - Tracts 9373 and 7654 Gentlemen: At their meeting of December 3, 1980, the City Council approved the Drainage Reimbursement Agreement for Tracts 7654 and 9373, between Corrales Estates and the City of San Juan Capistrano. An executed copy of the Agreement is enclosed for your files. If you have any questions, please do not hesitate to call. very truly yours, MARY ANN ZNOVER, CMC City Clerk MAH/jm Enclosure cc: Director of Public Works AGENDA ITEM December 3, 1980 TO: James S. Mocalis, City Manager FROM: W. D. Murphy, Director of Public Works SUBJECT: Approval of Master Plan, Reimbursement Agreement - Tracts 9373 and 7654 (Patrick Development) SITUATION The developer of the subject tracts has been required by the City to construct specific master planned drainage facilities in accordance with the "Master Plan of Drainage for the San Juan Capistrano - Capistrano Beach Area." The facilities have been completed and the developer has expended $206,191 beyond his acreage fee requirement of $83,421. These figures show a total expenditure of $289,612 for master planned facilities. The developer is requesting approval of a drainage reimbursement in the amount expended beyond the required area fee ($83,421.00.) This request is in accordance with similar projects requiring the construction of master planned facilities. FINANCIAL CONSIDERATIONS There are no immediate financial considerations. If all master planned facilities are constructed in Drainage Area L01 during the next 15 years the City would refund excess revenues in accordance with the proposed agreement. ALTERNATE ACTIONS 1. Approve the Drainage Reimbursement Agreement for Tracts 7654 and 9373. 2. Do not approve the Drainage Reimbursement Agreement. 3. Request further information from staff. RECOMMENDATION By motion, approve the Drainage Reimbursement Agreement for Tracts 7654 and 9373; authorize the Mayor and City Clerk to execute the document. Respectfully submitted, L. . 61 W. DD. M y WDM:CMB/rem Encl. FOR CITY CCUNCII . AGENDA i v 8. APPROVAL OF DRAINAGE MASTER PLAN REIMBURSEMENT AGREEMENT TRACTS 9373 AND 7654 (PATRICK DEVELOPMENT) (38) As set forth in the report dated December 3, 1980, from the (80) Director of Public Works, Tracts 9373 and 7654 were approved (85) in accordance with the "Master Plan of Drainage for the San Juan Capistrano -Capistrano Beach Area." The Reimbursement Agreement for return offees in the amount of $93,421, for drainage expenditures over and above the acreage fee requirement was approved. The Mayor and City Clerk were authorized to execute the Agreement. 19_N<Zo