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Resolution Number CRA 93-11-2-1RESOLUTION NO. CRA 93-11-2-1 APPROVAL OF AMENDMENT TO OWNER PARTICIPATION AGREEMENT (SEASIDE RANCHOS) A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO THE OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY AND SEASIDE RANCHOS WHEREAS, the San Juan Capistrano Community Redevelopment Agency (the "Agency") and Seaside Ranchos (the "Participant") entered into a certain Owner Participation Agreement, dated as of June 4, 1991 (the"OPA") for the purpose of effectuating the Redevelopment Plan for the Central Redevelopment Project Area by providing for the development of certain property situated within the Project Area (the "Project Area") including the construction of certain public improvements; and, WHEREAS, the Participant and the Agency are proceeding to perform their respective obligations pursuant to the Owner Participation Agreement; and, WHEREAS, the Participant and the Agency desire to approve an Amended Owner Participation Agreement (in the form attached hereto as Attachment "A" and incorporated herein) which constitutes the "Amendment" to amend the Schedule of Performance attached to the Owner Participation Agreement as Attachment No. 4. NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano Community Redevelopment Agency Board of Directors, City of San Juan Capistrano, California, does resolve as follows: SECTION 1. The Agency finds and determines that this approval of an amendment to the Schedule of Performance shall have no environmental impact and that the original environmental determination for this project remains adequate. SECTION 2. The Agency finds and determines that: (a) the approval of the Amendment will promote the objectives of the Redevelopment Plan and promote the health, safety and welfare of the citizens of the City of San Juan Capistrano; and (b) the Amendment is consistent with the orderly development of the improvements to be provided by the Participant pursuant to the Owner Participation Agreement. SECTION 3. The Agency approves the Amendment in the form of Attachment "A" and authorizes and directs the Chairman and Secretary of the Agency to execute that Amendment and such other documents as may be determined by the City Attorney to be necessary or appropriate to effectuate the Owner Participation Agreement as now amended. PASSED, APPROVED, AND ADOPTED this 2nd day of Novembnr 1993. CAROLYN NASH, CHAIRMAN ATTEST: -1- M STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) I, CHERYL JOHNSON, Agency Secretary of the San Juan Capistrano Community Redevelopment Agency, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. CRA 93-11-2-1 adopted by the San Juan Capistrano Community Redevelopment Agency Board of Directors at a regular meeting thereof held on the 2nd day of November 1993, by the following vote: AYES: Directors 11ausdorfer, Jones,Campbell, Vasquez and Chairman Nash NOES: None ABSTAIN: None ABSENT: None (SEAL) CHERYL JOH N AGENCY SECRETARY -2- DOLLEY [SEASIDE RANCHOS II] AMENDED OWNER PARTICIPATION AGREEMENT By and Between SAN JUAN CAPISTRANO COMMUNUNITY REDEVELOPMENT AGENCY, and SEASIDE RANCHOS, a California corporation, Agency Participant Attachment A 99 100 THIS AMENDED OWNER PARTICIPATION AGREEMENT ("Amended Agreement") is entered into this 2nd day of November 3 199$ by and between SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT _ AGENCY ("Agency") and SEASIDE RANCHOS, a California corporation ("Participant"). R E C I I A L E A. The parties have heretofore entered into that certain Owner Participation Agreement between the Agency and Participant dated June 4, 1991 (the "Agreement"); B. In accordance with the Agreement, Participant has submitted and the Agency has approved an Amended Schedule of Performance; C. Due to the elimination of the Phase III review, the Schedule of Performance was revised by the Participant. The Agency has reviewed and approved the Amended Schedule of Performance submitted by the Participant. NOW, THEREFORE, the parties agree as follows: 1. Notwithstanding anything in the Agreement to the contrary, the Participant shall commence and complete all construction and development of the Participant Improvements within the times established therefor in the Amended Schedule of Performance attached hereto as Exhibit A and incorporated herein by reference. 2. Attachment No. 4 to the Agreement shall be modified as set forth in Exhibit A. 3. Except as amended herein, the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the Agency and the Participant have signed this Amended Agreement on the respective dates set forth below. November 2 , 1993 SAN JUAN CAPRANO COMMUNITY REDEVELOPMENT//AGENCY, a public body, corporAte and politic ve urrector ATTEST: 26��t Ov_ Agency C er APPROVED AS TO FORM: Stradling, Yocca, Carlson & Rauth Agency Counsel' SEASIDE RANCHOS, a California corporation By: Its: "PARTICIPANT" 2420Q/2299/046 -2- 102 Submittal of working drawings to building dept for plan check Building Department return plans for corrections Submittal of corrected working to Building Department Return of working drawings for second set of corrections Submittal of working drawings with second set of corrections Return of working drawings for third set of corrections (if needed) Submittal of working drawings with third set of corrections Notification of Participant that Building Permits can be issued Payment of Agency Assistance Issuance of Building Permits Beginning of construction Completion of construction Issuance of Certificate of Completion Satisfaction of Deed of Trust 24200/2299/046 EXHIBIT A June 30, 1994 45 days after submittal 30 days after return 30 days after submittal 30 days after return 30 days after submittal 30 days after return 30 days after submittal 30 days after notification Building Permits can be issued 60 days after notification Building Permits can be issued 60 days after issuance of Building Permits 290 days after issuance of Building Permits Upon written notice to Agency by the Participant pursuant to Section 314 Upon issuance of Certificate of Completion STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss AFFIDAVIT OF POSTING CITY OF SAN JUAN CAPISTRANO ) I, CHERYL JOHNSON, declare as follows: That I am the duly appointed and qualified Secretary of the San Juan Capistrano Community Redevelopment Agency; That in compliance with State laws of the State of California and in further compliance with CRA Resolution No. CRA 83-12-20-1 and on the 9th day of November 1993, I caused to be posted: RESOLUTION NO. CRA 93-11-2-1 , being APPROVAL OF AMENDMENT TO OWNER PARTICIPATION AGREEMENT (SEASIDE RANCHOSI A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO THE OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY AND SEASIDE RANCHOS in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Old Fire Station Recreation Complex; Orange County Public Library. /J3CI-ECK LIST RES. NO. CRA G/'i1'z __L.,�Chairman has signed Secretary has signed ✓Agency Seal stamped All blanks typed in "Absent" t&" "Noes" "Abstain" Copies sent to post file /a0�•`fZ7 mail certified cJu ts�i Legal Publication ordered to be published (date) No. Printed copies required Remarks Cheryl JohnsoryAgenkq Secretary San Juan Capistrano Community Redevelopment Agency San Juan Capistrano, California 103