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HomeMy WebLinkAboutRes No 1663PLANNING COMMISSION RESOLUTION NO. 1663 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF PALM DESERT, CALIFORNIA, RECOMMENDING TO THE CITY COUNCIL APPROVAL OF A NEGATIVE DECLARATION OF ENVIRONMENTAL IMPACT AND AMENDED AND RESTATED DEVELOPMENT AGREEMENT CONCERNING THE COMMERCIAL DEVELOPMENT ON THE SOUTH SIDE OF EL PASEO BETWEEN SAN PABLO AVENUE AND LARKSPUR LANE. PROJECT TITLE: AHMANSON COMMERCIAL DEVELOPMENT PLAN AMENDED AND RESTATED DEVELOPMENT AGREEMENT WHEREAS, the Planning Commission of the City of Palm Desert, California, did on the 4th day of October, 1994, hold a duly noticed public hearing to consider the request of MADISON REALTY/SUNRISE CO. for approval of an amended and restated development agreement concerning the commercial development on the south side of El Paseo between San Pablo Avenue and Larkspur Lane; and WHEREAS, said application has complied with the requirements of the "City of Palm Desert Procedure for Implementation of the California Environmental Quality Act, Resolution No. 80-89," in that the director of community development has determined that the amended project impacts remain consistent with the findings of the previously Certified Environmental Impact Report SCH#88122603 and as mitigated will not have a significant adverse impact on the environment and a Negative Declaration of Environmental Impact has been prepared; and WHEREAS, at said public hearing, upon hearing and considering all testimony and arguments, if any, of all interested persons desiring to be heard, said planning commission did find the following facts and reasons to exist to justify recommending approval of said amended and restated development agreement: The Amended and Restated Development Agreement remains consistent with the goals and objectives of the city's Zoning Ordinance, Commercial Core Area Specific Plan, and General Plan. NOW, THEREFORE, BE IT RESOLVED by the Planning Commission of the City of Palm Desert, California, as follows: 1. That the above recitations are true and correct and constitute the findings of the commission in this case. 2. That a Negative Declaration of Environmental Impact Exhibit "A" and the Amended and Restated Development Agreement Exhibit "B" are hereby recommended to the city council for approval. PLANNING COMMISSION RESOLUTION NO. 1663 PASSED, APPROVED and ADOPTED at a regular meeting of the Palm Desert Planning Commission, held on this 4th day of October, 1994, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: BEATY, FERNANDEZ, JONATHAN, WHITLOCK, SPIEGEL NONE NONE NONE RAMON A. DIAZ, Sucre ary Palm Desert Planni Commission 2 PLANNING COMHISSION RESOLUTION NO. 1663 EXHIBIT A NEGATIVE DECLARATION OF ENVIRONMENTAL IMPACT PURSUANT TO TITLE 14, DIVISION 6, ARTICLE 7, SECTION 15070 OF THE CALIFORNIA ADMINISTRATIVE CODE PROJECT NAME: AHMANSON COMMERCIAL DEVELOPMENT PLAN DISPOSITION, DEVELOPMENT AND IMPLEMENTATION AGREEMENT AND DEVELOPMENT AGREEMENT APPLICANT: Madison Realty/Sunrise Co. c/o Philip Smith 42-600 Cook Street Palm Desert, California 92260 PROJECT DESCRIPTION: Modification of an approved Disposition, Development and Implementation Agreement (DDIA) between the Palm Desert Redevelopment Agency (Agency) and the Ahmanson Commercial Development Company and Development Plan between the City of Palm Desert and Ahmanson Commercial Development Company, generally associated with implementation of the Ahmanson Commercial Development Plan, for which an Environmental Impact Report SCH #88122603 was certified November 16, 1989. The proposed modifications concern the development of Site Area No. 5 originally approved as a 167,500 square foot commercial center on the south side of El Paseo between San Pablo Avenue and Larkspur Lane. The Development Agreement modifications include: 1. Increase in Gross Leasable Area (GLA) from 167,500 to 197,500. 2. Permission to include up to 25% of Gross Leasable Area (49,250 square feet) of restaurant use. Disposition, Development and Implementation Agreement modifications include: 1. Purchase by the Agency of "Parking Rights" via an easement agreement for 200 public parking spaces to be constructed in addition to those spaces required for the project by the city's Parking Ordinance. PLANNING COMMISSION RESOLUTION NO. 1663 NEGATIVE DECLARATION OF ENVIRONMENTAL IMPACT 2. Preparation of a "Parking Management Plan" insuring efficient operation and management of all of the parking on the Property. ANALYSIS OF IMPACTS: 1. General: Project impacts resulting from the modification will be identical to those identified in the Certified EIR. All mitigation measures identified in the Final EIR for this site area will be applicable to the project. 2. Traffic Generation: The certified EIR had identified impacts resulting from traffic generation as the primary effect of the project. The EIR traffic analysis based on the 4th Edition of Trip Generation published by The Institute of Transportation Engineers (ITE) forecast 10,370 daily trips from the original 167,500 square foot project. Subsequently, ITE revised and refined their forecasts in the 5th Edition based on approximately 100 new shopping center studies. These studies have indicated a generally lower traffic generation rate then was previously forecast. While the project floor area will increase 20% from 167,500 square feet to 197,000 square feet, traffic generation as forecast by the 5th Edition will increase only 4% to 10,815 when compared to the EIR analysis. This increase does not change the traffic mitigation recommended by the EIR. These include: A. Long-term (Year 2000) Mitigation Measures Highway 111 @ Monterey Avenue -State Route 74 Requires the addition of a second northbound left -turn lane on SR-74 and a second eastbound and westbound left -turn lane on Highway 111 (same as 1989 study). Requires the addition of a third eastbound and westbound through lane on Highway 111 for a total of six through lanes (three in each direction). 4 PLANNING COMMISSION RESOLUTION NO. 1663 NEGATIVE DECLARATION OF ENVIRONMENTAL IMPACT Highway 111 @ San Pablo Convert exclusive eastbound and westbound right -turn lanes on Highway 111 into a third eastbound and westbound through lane one Highway 111 (same as 1989 study). Highway 111 @ San Luis Rey Re -stripe the northbound approach of San Luis Rey at Highway 111 to provide an exclusive left -turn lane (same as 1989 study). Requires the addition of a third eastbound and westbound through lane on Highway 111 for a total of six through lanes (three in each direction) (same as 1989 study). El Paseo @ State -Route 74 Re -stripe the northbound approach of State - Route 74 at El Paseo to provide a second left -turn lane (same as 1989 study). B. Project -specific Improvements Highway 111 @ San Pablo Requires the addition of a second northbound through lane on San Pablo at Highway 111 (same as 1989 study). El Paseo @ San Pablo Avenue Re -stripe the northbound approach of San Pablo at El Paseo to provide an exclusive right -turn lane. Restrict on -street parking on San Pablo adjacent to the project site to provide storage for the right -turn lane. Traffic signal operation modifications to provide for 8-phase function with split phasing as an alternative dependent upon Caltrans requirements. Restripe/reconstruct southbound San Pablo Avenue to provide left turn, through and right turn lanes. 5 PLANNING COMMISSION RESOLUTION NO. 1663 NEGATIVE DECLARATION OF ENVIRONMENTAL IMPACT Modification of existing median left turn pockets at El Paseo/San Pablo Avenue and El Paseo/Larkspur Lane to provide additional vehicle stacking capacity. 3. The purchase of parking rights and preparation of a parking management plan will result in positive impacts by addressing existing parking deficiencies within the El Paseo area. The Director of the Department of Community Development, City of Palm Desert, has therefore concluded that the described project remains within the scope of the previously certified Environmental Impact Report SCH #88122603 and as mitigated, will not have a significant effect on the environment. There has been no significant changes in the nature of the project or the environment since certification of the EIR. A copy of the project EIR is available in the Department of Community Development/Planning, Palm Desert Civic Center, 73-510 Fred Waring Drive, Palm Desert, California. A copy of the initial study for the proposed DA and DDIA modification has been attached to document the reasons in support of this finding. Ramon A. Diaz DATE: October 4, 1994 6 T M 1 (Space above for Recorder's Use Only) AMENDED AND RESTATED DEVELOPMENT AGREEMENT Between THE CITY OF PALM DESERT, CALIFORNIA and THE MADISON REALTY PARTNERSHIP, LIMITED PARTNERSHIP Dated: , 1994 KKRG1079 DRAFT 09-29-94 KKR41079 DRAFT 09-29-94 LIST OF EXHIBITS Exhibit Desianation Descrivtion A The Project B The Property C The Phasing Schedule D The Exactions E The Public Facilities F The Disposition, Development. and Implementation Agreement G Cooperation Agreement �n- AMENDED AND RESTATED DEVELOPMENT AGREEMENT THIS AMENDED AND RESTATED DEVELOPMENT AGREEMENT (the "Agreement") is made and entered into as of this day of , 1994, by and between the City of Palm Desert, California, a municipal corporation organized and existing under the laws of the State of California ("City"), and The Madison Realty Partnership, Limited Partnership, a Delaware limited partnership, ("Developer"). RECITALS This Agreement is entered into on the basis of the following facts, understandings and intentions of the parties: A. Government Code Sections 65864 through 65869.5 inclusive (the "Development Agreement Legislation") authorize City to enter into development agreements in connection with the development of real property within its jurisdiction. On August 11, 1983, City enacted by Ordinance No. 341, as amended on December 7, 1989 by Ordinance No. 589 (collectively, the "Development Agreement Ordinance"), establishing the procedures and requirements for the consideration of development agreements thereunder pursuant to the Development Agreement Legislation. B. The Developer is the holder of a legal or equitable interest in the Property (as defined in Section 1.10 below) and is entitled to have filed the application for and to enter into this Agreement. The Developer has purchased the Property from ACD 2, a California corporation (the successor in interest to Ahmanson Commercial Development Company ("ACD"), a California corporation, which was the "Developer" of the Property under the Development Agreement (as defined below)). C. The City and ACD have previously entered into that certain Development Agreement dated May 1, 1990 and recorded in the Office of the County Recorder of Riverside County, California on June 20, 1990 as Instrument No. 227140 (the "Development Agreement"), which Development Agreement relates in part to and benefits the Property and the Project (as defined in Section 1.9 below) and by which the City has acknowledged that the development of the Property and the Project as set forth therein is consistent with and in furtherance of the development goals and policies of the City. As of the Effective Date, the terms and conditions of the Development Agreement which are not included in this Agreement shall have no force or effect upon, and shall not be binding upon, Developer or the Property. D. Pursuant to that certain Agreement of Purchase and Sale ("Purchase Agreement") between Developer, as buyer, and ACD 2, as seller, dated May 20, 1994, Developer agreed to purchase the Property from ACD 2 and also agreed to assume all of the obligations and duties which relate to the Property and to accept all rights and interests under the Development Agreement which relate to the Property as the owner and developer of the Property, all as set forth in this Agreement. If this Agreement is entered into prior to close of escrow pursuant to the Purchase Agreement, notwithstanding anything to the contrary set forth herein, this Agreement shall not become effective unless and until such close of escrow occurs, and the Effective Date (as defined in Section 2.1 KKR41079 DRAFT 09-29-94 hereof) will be postponed until such close of escrow occurs, as evidenced by the recordation of a deed conveying the Property to Developer. E. The Project consists of the development of the Property. The Project will require a major investment by the Developer in public facilities and a substantial investment by the Developer in on -site and off -site improvements. The Project has been analyzed and reviewed by the City in light of the land use standards and policies embodied in the Existing Land Use Ordinances (as defined in Section 1.5 below). F. The City has determined that the development of the Project as contemplated by this Agreement is consistent with and in furtherance of the development goals and policies of the City as set forth in the City's General Plan and the existing Palm Desert Commercial Core Area Specific Plan initially adopted by the City on July 23, 1987, and the objectives, policies, general land uses and development programs set forth therein. G. City has determined that the execution of this Agreement by the City and the Developer will effect the assumption by the Developer of the duties and obligations and the acceptance by the Developer of the rights and interests with respect to the Property under the Development Agreement as described above and set forth herein and will further the goals and objectives of the City's land use planning policies by, among other things, eliminating uncertainty in planning for and securing orderly development of the Project so that adequate long-term plans regarding the provision of necessary infrastructure can be KKR41079 DRAFT 09-29-94 -3- developed and implemented, and ensuring the maximum effective utilization of resources within the City at the least feasible economic cost to its citizens. The benefits conferred on City by Developer herein will (i) facilitate the installation of certain vital public improvements; (ii) improve traffic circulation patterns within the City; and (iii) further the development objectives of the City in an orderly manner, all of which will significantly promote the health, safety and welfare of the residents of the City. In exchange for these benefits to the City, Developer desires to receive the assurance that it may proceed with the Project in accordance with the Existing Land Use Ordinances and at a rate of development of its choosing, subject to the terms and conditions contained in this Agreement. H. In order to effectuate the foregoing, the parties desire to enter into this Agreement in order to amend and restate in its entirety the Development Agreement with respect to the Property. NOW, THEREFORE, pursuant to the authority contained in the Development Agreement Legislation, and in consideration of the mutual covenants and promises of the parties herein contained, the parties agree as follows: 1. Definitions. 1.1 pefined Terms. Each reference in this Agreement to any of the following terms shall have the meaning set forth below for each such term. 1.2 Building Ordinances. Those building standards, of general and uniform application throughout the City and not imposed KKR41079 DRAFT 09-29-94 -4- solely with respect to the Property, in effect from time to time that govern building and construction standards within the City, including, without limitation, the City's building, plumbing, electrical, mechanical, grading, sign, and fire codes. 1.3 Enacting Ordinance. Ordinance No. , enacted by the City Council on , 1994, approving this Agreement. 1.4 Exactions. All exactions, in -lieu fees or payments, assessments, dedication or reservation requirements, obligations for on -site or off -site improvements, construction requirements for public improvements, facilities, or services called for in connection with the development of or construction on the Property, whether such requirements constitute subdivision improvements, any conditions of approval relating to any fees, charges, or dedications imposed by the Subdivision Map Act or any implementing local ordinance, mitigation measures in connection with environmental review of any project, or impositions made under any applicable ordinance or in order to make a project approval consistent with the City's General Plan. Exactions do not include Processing Fees. 1.5 Existing Land Use Ordinances. The Land Use Ordinances in effect as of May 1, 1990. 1.6 Reserved. 1.7 Land Use Ordinances. "Land Use Ordinances" means all resolutions, codes, rules, regulations and official policies of City legally adopted in accordance with all applicable laws governing the development and use of land, including, without limitation, the permitted use of land, the density or intensity of KKR41079 DRAFT 09-29-94 -5- use, subdivision requirements, the maximum height and size of proposed buildings, the provisions for reservation or dedication of land for public purposes and all Exactions, the phasing or timing of development, and the design, improvement and construction and initial occupancy standards and specifications applicable to the development of the Property as they may be modified by the Development Approvals. "Land Use Ordinances" do not include any City resolution, code, rule, regulation or official policy, governing: (a) The conduct of businesses, professions, and occupations; (b) Other than as provided in this Agreement, taxes and assessments of general application upon all residents of the City, provided that the taxes and assessments are not imposed for the purpose of taxing the right, power or privilege of developing or improving land (e.g. excise tax) or to directly finance the construction or maintenance of any public improvement in respect of which Developer is paying any fee or providing any improvement pursuant to Section 4 hereof; • (c) The control and abatement of nuisances; (d) The granting of encroachment permits and the conveyance of rights and interests which provide for the use of or the entry upon public property; KKR41079 DRAFT 09-29-94 -6- (d) The exercise of the power of eminent domain. 1.8 Mortaage. A mortgage, deed of trust, sale and leaseback arrangement in which all or a part of the Property, or an interest in it, is sold and leased back concurrently, or other transactions in which all or a part of the Property, or an interest in it, is pledged as security, contracted in good faith and for fair value. 1.9 processing Fees. "Processing Fees" means the normal and customary application, filing, plan check, permit fees for land use approvals, design review, tree removal permits, building permits and other similar permits and entitlement, and inspection fees, which fees are charged to reimburse the City's expenses attributable to such applications, processing, permitting, review and inspection and which are in force and effect on a general basis at such time as said approvals, permits, review, inspection or entitlement are granted or conducted by City. 1.10 proiect. The commercial/retail development and associated amenities, and on -site and off -site improvements, as described in Exhibit "A" intended to be constructed on the Property, as the same may hereafter be further refined, enhanced or modified pursuant to the provisions of this Agreement. 1.11 Property. That real property which -is described in Exhibit "B". 1.12 Reservations of Authority. "Reservations of Authority" means the rights and authority excepted from the assurances and rights provided to Developer under this Agreement KKR41079 DRAFT 09-29-94 -7- and reserved to City including, without limitation, those rights and authorities described in Section 3.7 of this Agreement. 1.13 Certain Other Terms. Certain other terms shall have the meanings set forth for such terms in this Agreement. 2. Effective Date: Term: Amendment. 2.1 Effective Date. This Agreement has been entered into by the parties as of the date and year first above written, and, except as otherwise provided herein, shall be effective as of such date (the "Effective Date") u7 s: ;;..�iiit postponed as provided °" 1n "�Recita . • `:: " Notwithstanding anythingv inw this,greemer Developmentand ::Iatplementatioif-agreement o the contra- has not closed ;pureuant.;to the Purchase -liar' Recital D above'] within "six •'{6 ` months 'follow seem Disposition:: escrow as defnedn date fly:. 'I' Agreement's execution `'by the City,: then this Agreement sha automatically terminate and: shall not become effective andthe parties hereto placed in the same position as `they would have been absent the execution of this Agreement. 2.2 Term. The term of this Agreement (the "Term") shall commence on the Effective Date and shall terminate on May 1, 2000, unless sooner terminated or extended as hereinafter provided. 2.3 Amendment. The parties to this Agreement at their sole discretion and by their mutual written consent may from time to time amend the provisions and terms of this Agreement and the Exhibits. No consent to any such amendment shall be required from any party to the Development Agreement other than the City. Any amendment to this Agreement or the Exhibits as provided herein KKR41079 DRAFT 09-29-94 -8- shall be effected only upon compliance with the procedures for amendment, if any, required by the Development Agreement Legislation and the Development Agreement Ordinance and only upon receipt of the written consent of the Palm Desert Redevelopment Agency. The City shall, after any such amendment takes effect, cause an appropriate notice of such amendment to be recorded in the official records of the County of Riverside. The cost of such recordation shall be borne equally by the parties to this Agreement. 3. General Development of the Proiect. 3.1 Proiect. (a) The Project is defined and described in Exhibit "A", which specifies for the purposes of this Agreement all of the following aspects of the Project: (i) proposed uses of the Property, (ii) the maximum height and square footage of buildings to be constructed on the Property, (iii) density and intensity of use of the Property, (iv) requirements for the construction or provision of on -site and off -site improvements; and (v) requirements for reservation or dedication of portions of the Property for public purposes. (b) Except as otherwise expressly provided in Exhibit "A" and further provided in Section 4.2 below, Developer shall have the right to develop the Project in accordance with, and development of the Project during the Term shall be governed by, the Existing Land Use Ordinances, subject to the Reservations of Authority. However, Developer shall not be obligated to develop the Project. KKR41079 DRAFT 09-29-94 -9- 3.2 Project Timing. The parties acknowledge that Developer cannot at this time predict when or the rate at which the Project will be developed. Such decisions depend upon numerous factors which are not within the control of Developer, such as market orientation and demand, interest rates, competition and other similar factors. Therefore, the parties hereto acknowledge and expressly agree that Developer is hereby granted by the City the vested and guaranteed right to develop the Project in such manner and at such rate and at such times as Developer deems appropriate within the exercise of its sole subjective business judgment Therefore, City expressly agrees that Developer shall be entitled to apply for maps, building permits, occupancy certificates and other entitlement for its use at any time, provided that such application is made in accordance with the Existing Land Use Ordinances, subject to the Reservations of Authority and that the development and/or construction of the Project contemplated or authorized by such maps, building permits, occupancy permits and other entitlement is otherwise in conformity therewith. 3.3 Building Permits and Other Approvals and Permits. Subject to (a) Developer's compliance with this Agreement, the Existing Land Use Ordinances and the Building Ordinances, and (b) payment of Processing Fees or similar fees and charges of general application, City shall process and issue to Developer promptly upon application therefor all necessary use permits, building permits, occupancy certificates, and other required permits for the construction, use and occupancy of the Project, or any portion KKR41079 DRAFT 09-29-94 -10- thereof, as applied for, including connection to all utility systems under the City's jurisdiction and control (to the extent that such connections are physically feasible and that such utility systems are capable of adequately servicing the Project). 3.4 Procedures; Limitations on Exactions. The standards for granting or withholding permits or approvals required hereunder in connection with the development of the Project shall be governed as provided herein by the standards, terms and conditions of this Agreement and the Exhibits hereto, and to the extent not inconsistent therewith, the Existing Land Use Ordinances, subject to Reservations of Authority, but the procedures for processing applications for such permits or approvals (including the usual and customary fees of general application charged for such processing) shall be governed by such ordinances and regulations as may then be applicable. Notwithstanding the foregoing, or anything to the contrary otherwise contained herein, there shall not, except as otherwise specifically provided herein, be imposed upon the Project any Exactions other than those set forth in Exhibit "D", nor shall the fees and charges for the. Exactions exceed those set forth in Exhibit "D" (to the extent set forth in Exhibit "D") or those charged pursuant to the Existing Land Use Ordinances (to the extent not set forth in Exhibit "D"). 3.5 Effect of Agreement. This Agreement shall constitute a part of the Enacting Ordinance, as if incorporated by reference therein in full. The parties acknowledge that this Agreement is intended to grant Developer the right to develop the Project pursuant to specified and known criteria and rules as set KKR41079 DRAFT 09-29-94 -11- forth in Exhibit "A" and the Existing Land Use Ordinances, subject to the Reservations of Authority, and to grant City and the residents of the City certain benefits which they otherwise would not receive. This Agreement shall be binding upon the City and its successors in accordance with and subject to its terms and conditions notwithstanding any subsequent action of the City, whether taken by ordinance or resolution of the City Council, by initiative, or otherwise. The parties acknowledge and agree that by entering into this Agreement and relying thereupon, the Developer has obtained, subject to the terms and conditions of this Agreement, a vested right to proceed with its development of the Project in accordance with the proposed uses of the Property, the maximum height and size of buildings to be constructed on the Property, the density and intensity of use of the Property and the requirements for the construction or provision of on -site and off - site improvements and the reservation or dedication of land for public use, if and to the extent set forth in Exhibit "A", and in accordance with the Existing Land Use Ordinances, subject to the Reservations of Authority, and the City has entered into this Agreement in order to secure the public benefits conferred upon it hereunder which are essential to alleviate current'and potential problems in the City and to protect the public health, safety and welfare of the City and its residents, and this Agreement is an essential element in the achievement of those goals. The parties acknowledge that: (a) the City has entered into this Agreement pursuant to the Development Agreement KKR41079 DRAFT 09-29-94 -12- Legislation and its police power in order to address public health and safety and general welfare concerns including those relating to the amount, density, intensity and timing of development within the Property and the need for public facilities and infrastructure in connection with the Property and other property in the area; and (b) as, and to the extent contemplated in the Development Agreement Legislation, there is certain authority under the police power to address public health and safety concerns that cannot be legally relinquished or restricted by this Agreement and that in addition to the Reservations of Authority, the City subsequent to the exercise such authority by the adoption of and policies which may be applicable to the Property, but which do not conflict with the this Agreement as determined in the manner and Effective Date may rules, regulations, Project and/or the terms and intent of in accordance with the standards set forth below. For the purposes of this Agreement any such rule, regulation or policy shall not be deemed to conflict with the terms and intent of this Agreement if the same does not: (i) modify the permitted types of land uses, the density or intensity of use, the maximum height or size of proposed buildings on the Property, or impose requirements for the construction or provision of on -site or off -site improvements or the reservation or dedication of land for public use, or the payment of fees or the imposition of Exactions, other than as are in each case specifically provided for in this Agreement; or (ii) prevent the Developer from obtaining all necessary approvals, permits, certificates or other entitlement at KKR41079 DRAFT 09-29-94 -13- such dates and under such circumstances as the Developer would otherwise be entitled under this Agreement; or (iii) prevent or inhibit the Developer from commencing, prosecuting and finishing on a timely basis the construction and development of the Project and the satisfaction of its obligations hereunder in the manner and as contemplated by this Agreement; or (iv) increase the cost of the construction or development of the Project, or the construction or provision of any public improvements to be provided by the Developer as contemplated herein, or the reservation or dedication of land for public purposes, or increase the cost of selling, financing or leasing the Project or any portion thereof. 3.6 Operatina Memoranda. Developer and City acknowledge that the provisions of the Agreement require a close degree of cooperation between Developer and City, and that refinements and further development of the Project may demonstrate that changes or additional provisions are appropriate with respect to the details of performance of the parties under the Agreement in order to effectuate the purpose of the Agreement and the intent of the parties with respect thereto. If and when, from time to time, the parties find that such changes or additional• provisions are necessary or appropriate, and subject to the provisions of the next succeeding sentence, they shall confer in good faith with respect to such changes or provide for such additional provisions through operating memoranda to be considered in good faith by the parties, which, if approved, shall be attached hereto as addenda and become KKR41079 DRAFT 09-29-94 -14- a part hereof, and may be further changed or supplemented from time to time as necessary, with further good faith approval of Developer and City. Upon receipt by the City of an opinion of the City Attorney to the effect that the subject matter of such operating memoranda does not require the amendment of this Agreement in the manner provided in Section 65868 of the California Government Code, then no such operating memoranda shall require prior notice or hearing, or constitute an amendment to this Agreement; and in the case of City such operating memoranda may be acted upon by its Community Development Director. Failure of the parties to enter into any such operating memoranda shall not affect or abrogate any of the rights, duties or obligations of the parties hereunder or the provisions of this Agreement. 3.7 Limitations, Reservations and Exceptions. Notwithstanding any other provision of this Agreement, the following shall apply to the development of the Property: (a) Processing Fees imposed by City to cover the estimated or actual costs to City of processing applications for Development Approvals or for monitoring compliance with any Development Approvals granted or issued, which fees are charged to reimburse the City's expenses attributable to such applications, processing, permitting, review and inspection and which are in force and effect on a general basis at such time as said approvals, permits, review, inspection or entitlement are granted or conducted by City. KKR41079 DRAFT 09-29-94 -15- (b) Procedural regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals and any other matter of procedure. (c) Regulations, standards, policies and rules governing the engineering and construction of private or public improvements including, without limitation, any and all uniform codes adopted by the City, including local amendments to those codes adopted pursuant to state law allowing for such amendments; provided that such codes are uniformly applied to all new development projects of the same uses within the City. Such codes include without limitation, the City's Uniform Housing Code, Building Code, Plumbing Code, Mechanical Code, Electrical Code, Fire Code and Building Security Code. City agrees that such standards, regulations, policies and rules shall be those applied on a City- wide basis to all development projects of a similar type as the Project. (d) Regulations which are reasonably necessary to protect the residents of the Project or of the immediate community, or both, from a condition perilous to their health or safety, or both; provided, however, the following shall apply: (i) That to the extent possible, such regulations shall be applied and construed so as to provide Developer with the rights and assurances provided in this Agreement; and KKR41079 DRAFT 09-29-94 -16- (ii) That such regulations apply uniformly to all new development projects of the same uses within the City; and (iii) That the City Council finds, based on substantial evidence, that such regulations are necessary to eliminate or reduce a public danger perilous to the health or safety of the residents of the Project or of the immediate community. (e) Regulations which do not conflict with the terms and intent of this Agreement. Any Land Use Ordinance limiting the rate or timing of development of the Property shall be deemed to conflict with the terms and interest of this Agreement and shall therefore not be applicable to the development of the Property unless otherwise permitted by the Reservations of Authority. (f) Regulations which are in conflict with the terms and intent of this Agreement provided Developer has given written consent to the application of such regulations to development of the Property. 4. Specific Criteria Applicable to Development of the Protect. 4.1 Applicable Ordinances. Except as set forth in Exhibit "A" and subject to the provisions of Section 4.2 below and the Reservations of Authority, the Existing Land Use Ordinances shall govern the development of the Property hereunder and the KKR41079 DRAFT 09-29-94 -17- granting or withholding of all permits or approvals required to develop the Property. 4.2 Amendment to Applicable Ordinances. In the event that the Palm Desert zoning ordinance is amended by the City in a manner which provides more favorable site development standards .than those in effect as of the Effective Date, Developer shall have the right to notify the City in writing of its request to be subject to all or any such new standards for the remaining term of this Agreement. If City approves such request, which approval shall be in the City's reasonable discretion, by resolution of the City Council or by action of a City official whom the City Council may .designate, such new standards shall become applicable to the Property. Should City thereafter amend such new standards, upon the effective date of such amendment, the original new standards shall continue to apply to the Property as provided above, but Developer may notify City in writing of its desire to be subject to all or any such amended new standards and City may agree in the manner above provided to apply such amended new standards to the Property. 4.3 Easements; Abandonments. City shall cooperate with Developer, at Developer's sole cost, expense and liability, in connection with any arrangements for abandoning existing utility or other easements and the relocation thereof or creation of any new easements within the Property necessary or appropriate in connection with the development of the Project; and if any such easement is owned by City, City shall at the request of Developer and in the manner and to the extent permitted by law, process and consider such action as may be necessary to abandon existing KKR41079 DRAFT 09-29-94 -18- easements and relocate them, as necessary or appropriate in connection with the development of the Project, all at the cost and expense of the Developer. 5. public Benefits. 5.1 [Reserved] 5.2 palm Desert Redevelopment Aaencv_. Developer and the Palm Desert Redevelopment Agency ("Agency") have entered into that certain Amended and Restated Disposition, Development and Implementation Agreement (the "Disposition and Development Agreement" or "DDIA") attached hereto as Exhibit "F" which pertains to the Property. Developer and City acknowledge that said Disposition and Development Agreement provides for the terms, conditions and requirements with respect to the construction of the Minimum Site Improvements (as defined in the DDIA) by the Developer and the payment to Developer by the Agency of the Purchase Price (as defined in the DDIA) for the Parking Rights (as defined in the DDIA). City and Developer agree that the payment to Developer of the Purchase Price shall be controlled in all respects by said DDIA and that in the event of any inconsistency between the provisions thereof and of this Agreement in connection with the manner or timing of Such conotruct ien e such payment, the provisions of the DDIA shall be deemed to control. City agrees that the performance by the Developer of its obligations under said DDIA shall constitute the performance and satisfaction of its corresponding obligations hereunder. 5.3 [Reserved) KKR41079 DRAFT 09-29-94 -19- 5.4 [Reserved.] 6. 6. Review for Compliance. 6.1 periodic Review. The Community Development Director or his or her designee shall review this Agreement annually, on or before the anniversary of the Effective Date, in order to ascertain the good faith compliance by Developer with the terms of the Agreement. Developer shall submit an Annual Monitoring Report, in a form acceptable to the Community Development Director or his or her designee, within 30 days after written notice from the Community Development Director or his or her designee. The Annual Monitoring Report shall be accompanied by an annual review and administration fee, in an amount consistent with then -existing City fee schedules and resolutions, sufficient to defray the estimated costs of review and administration of the Agreement during the succeeding year. The amount of the annual review and administration fee shall be set annually by resolution of the City Council. Neither City nor Developer shall have a dutyto notify the other of their respective obligations hereunder and the City's failure to so conduct such annual reviews shall not affect the rights, protection, and benefits afforded Developer by the Development Agreement Legislation and this Agreement shall remain subject to the Development Agreement Legislation. 6.2 Special Review. The Planning Commission or City Council may order a special review of compliance with this Agreement at any KKR41079 DRAFT 09-29-94 -20- time. The Community Development Director or his or her designee shall conduct such special reviews. 6.3 procedure. (a) During either a periodic review or a special review, Developer shall be required to demonstrate good faith compliance with the terms of the Agreement. The burden of proof on this issue shall be on Developer. (b) Upon completion of a periodic review or a special review, the Community Development Director or his or her designee shall submit a report to the Planning Commission setting forth the evidence concerning good faith compliance by Developer with the terms of this Agreement and his/her recommended finding on that issue. (c) If the Planning Commission finds on the basis of substantial evidence that Developer has complied in good faith with the terms and conditions of this Agreement, the review shall be concluded. (d) If the Planning Commission makes a preliminary finding that Developer has not complied in good faith with the terms and conditions of this Agreement, the Planning Commission may commence proceedings to terminate this Agreement under Section 6.4 and Section 6.5. Notice of default And the opportunit r to cure KKR41079 DRAFT 09-29-94 -21- as provided under Section 8.4 of this Agreement shall be given to Developer prior to or concurrent with proceedings under Section 6.4 and Section 6.5. (e) Failure to comply with the terms or conditions of this Agreement by reason of interference caused by acts of God, labor disputes, inability to procure materials due to a general shortage of labor or materials in the normal channel of trade, delay in transportation, delay in inspections, City's breach hereunder or any other cause beyond the reasonable control of Developer, whether similar or dissimilar to the foregoing, shall not constitute a failure of good faith compliance with the terms and conditions of this Agreement. Notwithstanding the foregoing, however, the inability of Developer to obtain or maintain financing necessary to allow for the Development of the Project shall not be deemed an excuse for the Developer's failure to comply with the terms and conditions of this Agreement. 6.4 proceedings Upon Hod4fic3tion or Termination. If, upon a finding under Section 6.3(d), the Planning Commission determines to proceed with modification or termination of this Agreement, the Planning Commission shall give written notice to Developer of its intention so to do. The notice shall be given at least ten calendar days prior to the scheduled hearing and shall contain: KKR41079 DRAFT 09-29-94 (a) The time and place of the hearing; -22- (b) A statement as to whether or not the Planning Commission proposes to terminate or to modify the Agreement; and, (c) Such other information as is reasonably necessary to inform Developer of the nature of the proceeding. 6.5 Hearina on Modification or Termination. At the time and place set for the hearing on or termination, Developer shall be given an opportunity to be heard. Developer shall be required to demonstrate good faith compliance with the terms and conditions of this Agreement. The burden of proof on this issue shall be on Developer. If the Planning Commission finds, based upon substantial evidence, that Developer has not complied in good faith with the terms or conditions of the Agreement the Planning Commission may terminate this Agreement. or modify this Agrccmcnt and I!pooc ouch condition3 a3 arc rcu3onably nccc33ary to protcct the intcrc3t3 of the City. Developer may appeal any determination of the Planning Commission made pursuant to this Section 6.5 to the City Council in accordance with the City Municipal Code as amended or substituted. The decision of the City Council shall be final, subject en-ly to judicial review. pursuant to Ccction 1094.5 of the Codc of Civil Proccdurc. [Developer requests cure period following adverse judgment.] 6.1 Certificate of Agreement Compliance. If, at the conclu- sion of a Periodic or Special Review, Developer is found to be in compliance with this Agreement, City shall, upon request by KKRG1079 DRAFT 09-29-94 -23- Developer, issue a Certificate of Agreement Compliance ("Certificate") to Developer stating that after the most recent Periodic or Special Review and based upon the information known or made known to the Planning Director and City Council that (1) this. Agreement remains in effect and (2) Developer is not in default. The Certificate shall be in recordable form, shall contain information necessary to communicate constructive record notice of the finding of compliance, shall state whether the certificate is issued after a Periodic or Special Review, and shall state the anticipated date of commencement of the next Periodic Review. Developer may record the Certificate with the County Recorder. Whether or not the Certificate is relied upon by assignees or other transferees or Developer, City shall not be bound by a Certificate if a default existed at the time of the Periodic or Special Review, but was concealed from or otherwise not known to the City. 7. permitted Delays: Supersedure by Subsequent Laws. 7.1 Permitted Delays. In addition to any other provisions of this Agreement with respect to delay, Developer and City shall be excused from performance of their obligations hereunder during any period of delay caused by acts of God or civil commotion, riots, strikes, picketing, or other labor disputes, shortage of materials or supplies, or damage to or prevention of work in process by reason of fire, floods, earthquake, or other casualties, litigation, acts or neglect of the other party, any referendum elections held on the Enacting Ordinance '(proviled"'that KKR41079 DRAFT 09-29-94 -24- or the Land Use Ordinances, or any other ordinance effecting the Project or the approvals, permits or other entitlement related thereto, or restrictions imposed or mandated by governmental or quasi -governmental entities • :x xX a83 ....:.,...,..,..,a.....:;�...a...n.m�c2.unucsL..a<oaw.c.2.h...ar.aukh.•... hxxovaach'.ai:YaWFwnav=:ur<i`.k:::t,.ei,:5:<:.:«.+e&:.i enactment of conflicting provisions of the Constitution or laws of the United States of America or the State of California or any codes, statutes, regulations or executive mandates promulgated thereunder (collectively, "Laws"), orders of courts of competent jurisdiction, or any event or circumstance giving rise to a permitted delay under the terms of the Disposition.and Development., and lmplementat ga Agreement (to the extent that the Developer's performance under this Agreement is impacted thereby), or any other cause similar or dissimilar to the foregoing beyond the reasonable control of City or Developer, as applicable. Each party shall promptly notify the other party of any delay hereunder as soon as possible after the same has been ascertained. The time of performance of such obligations, and, at Developer's request, the Term of this Agreement, shall be extended by the period of any delay hereunder, provided not to exceed in any event seven (71 [Check with City] years following the Effective Date. Notwithstanding anything in this Agreement to the contrary, the inability of Developer to obtain or maintain financing necessary for the development of the Project shall not be cause for an extension of time for performance or of the Term of this Agreement. KKR41079 DRAFT 09-29-94 -25- 7.2 ,Supersedure of Subsequent Laws or Judicial Action: Termination of the Development Agreement. The provisions of this Agreement shall, to the extent feasible, be modified or suspended as may be necessary to comply with any new Law or decision issued by a court of competent jurisdiction (a "Decision"), enacted or made after the Effective Date which prevents or precludes compliance with one or more provisions of this Agreement. Immediately after enactment of any such new Law, or issuance of such Decision, the parties shall meet and confer in good faith to determine the feasibility of any such modification or suspension based on the effect such modification or suspension would have on the purposes and intent of this Agreement. In addition, Developer and City shall have the right to challenge the new Law or the Decision preventing compliance with the terms of this Agreement. In the event that such challenge is successful, this Agreement shall remain unmodified and in full force and effect, except that the Term shall be extended, in accordance with Section 7.1 above, for a period of time equal to the length of time the challenge was pursued. If, following such meetings with the City or the failure of any challenge to such new Law or Decision by either the City or Developer, the Developer determines in its sole reasonable business judgement that a modification or suspension of the terms or conditions of this Agreement is infeasible, the Developer shall have the right to terminate this Agreement by giving written notice to the City. KKR41079 DRAFT 09-29-94 -26- Subject to the provisions of Section 3.5 and the Reservations of Authority, nothing set forth in this Article 7 shall be construed to permit the City to enact a Law which conflicts with the terms or intent of this Agreement. 8. DEFAULT AND REMEDIES. 8.1 that City be liable Agreement Remedies in General. It is acknowledged by the parties would not have entered into this Agreement if it were to in damages under this Agreement, or with respect to this or the application thereof. In general, each of the parties hereto may pursue any remedy at law or equity available for the breach of any provision of this Agreement, except that City shall not be liable in damages, including, without limitation, attorneys' fees and litigation costs, to Developer, or to any successor in interest of Developer, or to any other person, except as otherwise expressly provided in this Section 8.1, and Developer covenants not to sue for damages or claim any damages: (a) For any breach of this Agreement.or for any cause of action which arises out of this Agreement; or (b) For the impairment or restriction of any right or interest conveyed or provided under, with, or pursuant to this Agreement, including, without limitation, any impairment or KKR41079 DRAFT 09-29-94 -27- restriction which Developer characterizes as a regulatory taking or inverse condemnation; [Developer requests deletion] or (c) Arising out of or connected with any dispute, controversy or issue regarding the application or interpretation or effect of the provisions of this Agreement. Further, nothing contained herein shall modify or abridge Developer's rights or remedies (including its rights for damages, if any) resulting from the exercise by City of its power of eminent domain; provided, however, that such exercise results in a physical occupation of the Property or portion thereof. Except as set forth in the preceding sentence, Developer's remedies shall be limited to those set forth in this Section 8.1 and Section 8.2. [Developer requests mutual waiver at least, prefers not to waive money damages.] 8.2 Specific Performance. The parties acknowledge that money damages and remedies at law generally are inadequate, and specific performance and other non -monetary relief, including temporary and permanent injunctive relief and-inaridainus, are particularly appropriate remedies for the enforcement of this Agreement and should be available to all Parties for the following' reasons: (a) Money damages are unavailable against the City except as provided in Section 8.1 above. KKR41079 DRAFT 09-29-94 -28- (b) Due to the size, nature and scope of the Project, it may not be practical or possible to restore the Property to its natural condition once implementation of this Agreement has begun. After such implementation, Developer may be foreclosed from other choices it may have had to utilize the Property or portions thereof. Developer 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 Developer for such efforts; the parties acknowledge and agree that expedited, priority any injunctive basis. relief may be 8.3 Release. remedy of specific in Section 6.5, ordered on an Except for nondamage remedies, including the performance and judicial review as provided for Developer, for itself, its successors and assignees, hereby releases the City, its officers, agents and employees from any and all claims, demands, actions, or suits or any kind or nature arising out of any liability, known or unknown, present or future, including, but not limited to,•any claim or liability, based or asserted, pursuant to Article I, Section 19 of the California Constitution, the Fifth Amendment of the United States Constitution, or any other law or ordinance which seeks to impose any other liability or damage, whatsoever, upon the City KKR41079 DRAFT 09-29-94 -29- because it entered into this Agreement or because of the terms of this Agreement. 8.4 Termination er "-"icat on for Default of Developer. City may terminate or modify this Agreement for any failure of Developer to perform any material duty or obligation of Developer under this Agreement, or to comply in good faith with the terms of this Agreement (hereinafter referred to as "default"); provided, however, City may terminate or -mad €y this Agreement pursuant to this Section only after providing written notice to Developer of default setting forth the nature of the default and the actions, if any, required by Developer to cure such default and, where the default can be cured, Developer has failed to take such actions and cure such default within 60 days after the effective date of such notice or, in the event that such default cannot be cured within such 60 day period but can be cured within a longer time, has failed to commence the actions necessary to cure such default within such 60 day period and to diligently proceed to complete such actions and cure such default. The rights of the City pursuant to this Section 8.4 are cumulative with and independent of the City's rights under Section 6 of this Agreement. .• 8.5 Termination of Acreement for Default of City. Developer may terminate this Agreement only in the event of a default by City in the performance of a material term of this Agreement and only after providing written notice to City of default setting forth the nature of the default and the actions, if any, required by City to KKR41079 DRAFT 09-29-94 -30- cure such default and, where the default can be cured, City has failed to take such actions and cure such default within 60 days after the effective date of such notice or, in the event that such default cannot be cured within such 60 day period but can be cured within a longer time, has failed to commence the actions necessary to cure such default within such 60 day period and to diligently proceed to complete such actions and cure such default. 8. THIRD PARTY LITIGATION. 8.1 General Plan Litigation. City has determined that this Agreement is consistent with its Comprehensive General Plan, herein called General Plan, and that the General Plan meets all require- ments of law. Developer has reviewed the General Plan and concurs with City's determination. City or Developer shall have no liability under this Agreement for any failure of City to perform under this Agreement or the inability of Developer to develop the Property as contemplated by the Development Plan of this Agreement as the result of a judicial determination that on the Effective Date, or at any time thereafter, the General Plan, or portions thereof,. are invalid or inadequate or not in compliance with law. 8.2 Third Party Litigation Concerning Agreement. Deve4eper ohall defend, at it3 expcn3c, including attorley3' fccs, indemnify, and hold harmlc33 City, it3 agents, officers and cmploycc3 from any KKR41079 DRAFT 09-29-94 -31- claim, aetion er preeeeding against City, Its agents, officers or • action or proceeding, and City shall eeoperatc in thc defense. If City fails te promptly notify Developer of any ouch claim, action or proceedIng, er if City fails te eeeperate in the defense, Deve1eper-shall-not-thereat-4er-be-resperefendl--inenky thc defense ef any -Buell claim, action or proceeding. Th theTevent that any action or45r66-6 not a party to thisAgreement against thecity,............ its agents, officers or employees to attack, set aside, void or annul the approval of this Agreement or the approval: mf any permit granted pursuant to this Agreement, the City shall provide written notica to Developer requesting Developer to indemnify, defend and hold harmless City against such third party action or proceeding. The Developer shall have the right, in its sole and absolute discretion, to provide such defense and indemnification at its sole cost and expense, including the payment of the City's reasonable attorney fees and litigation costs. In the event that the Developer declines to provide such indemnification and defense, the City shall have the right, in its sole and absolute discretiam, to terminate this Agreement in its entirety without cost;-liabilitfq obligation to either the City or Developer. In the event this Agreement is terminated as described above. all permits and/Or development approvals previously iss4ed':..with respect to the KKR41079 DRAFT 09-29-94 -32- „ �Uke4eee-�neeefkx.x�,.. . . n a•( 8.3 .Indemnity. In addition to the provisions of Section 9.2 above, Developer shall indemnify and hold City, its officers, agents, employees and independent contractors free and harmless from any liability whatsoever, based or asserted upon any act or omission of Developer, its officers, agents, employees, subcontractors and independent contractors, for property damage, bodily injury or death (Developer's employees included) or any other element of damage of any kind or nature, relating to or in any way connected with or arising from the activities contemplated hereunder, including, but not limited to, the study, design, engineering, construction, completion, failure and conveyance of the public improvements, save and except claims for damages arising through the sole active negligence or sole willful misconduct of City. Developer shall defend, at its expense, including attorneys' fees, City, its officers, agents, employees and independent contractors in any legal action based upon such alleged acts or omissions. City may in its discretion participate in the defense of any such legal claim, action or proceeding. [Developer requests limiting indemnity to personal injury or property damage.] 8.4 Environmental Contamination. Developer shall indemnify and hold City, its officers, agents, and employees free and harmless from any liability, based or asserted, upon any act or omission of Developer, its officers, agents, employees, KKR41079 DRAFT 09-29-94 -33- subcontractors, predecessors in interest, successors, assigns and independent contractors, excepting any acts or omissions of City as successor to any portions of the Property dedicated or transferred to City by Developer, for any violation of any federal, state or local law, ordinance or regulation relating to industrial hygiene or to environmental conditions on, under or about the Property, including, but not limited to, soil and groundwater conditions, and Developer shall defend, at its expense, including attorneys, fees, City, its officers, agents and employees in any action based or asserted upon any such alleged act or omission. City may in its discretion participate in the defense of any such claim, action or proceeding. [Developer requests deletion if no public improvement dedications.] 8.5 City to Approve Counsel. With respect to Sections 9.2., 9.3 and 9.4 herein, City reserves the right to either (1) approve the attorney(s) which Developer selects, hires or otherwise engages to defend City hereunder, which approval shall not be unreasonably withheld, or (2) conduct its own defense; provided, however, that Developer shall reimburse City forthwith for any and all reasonable expenses incurred for such defense, including attorneys' fees, upon billing and accounting therefor. 8.6 Accept Reasonable Good Faith Settlement. With respect to Section 9.2, 9.3 and 9.4, City shall not reject any reasonable good faith settlement. If City does reject a reasonable, good faith settlement that is acceptable to Developer, Developer may enter KKR41079 DRAFT 09-29-94 - 3 4 into a settlement of the action, as it relates to Developer, and City shall thereafter defend such action (including appeals) at its own cost and be solely responsible for any judgments rendered in connection with such action. This Section 9.6 applies exclusively to settlements pertaining to monetary damages or damages which are remedial by the payment of monetary compensation. Developer and City expressly agree that this Section 9.6 does not apply to any settlement which requires an exercise of the City's police powers, limits the City's exercise of its police powers, or affects the conduct of the City's municipal operations. 8.7 Survival. The provisions of Sections 9.1 through 9.6 inclusive, shall survive the termination or expiration of this Agreement as to mattersarising prior to termination or expiration. 9. Mortgagee Protection; Certain Rights of Cure. Nothing contained herein, including, but not limited to Section 11.2, shall limit the creation of a Mortgage or interfere with the lien of or the remedies of the holder of any. Mortgage (a "holder of any Mortgage" includes the holder of any beneficial interest under a Mortgage, or the purchaser at a judicial or nonjudicial foreclosure sale pursuant to the remedies provided in the Mortgage,or any person or entity which acquires title to the Property or any part thereof pursuant to a deed in lieu of foreclosure), and no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage. KKR41079 DRAFT 09-29-94 -35- 9.1 Molder of anv Moortaaae Not Obliaate4. No holder of any Mortgage shall have an obligation or duty under this Agreement to perform Developer's obligations or duties hereunder or to guarantee the Developer's performance thereof. 9.2 jlotice of Default: Right to Cure. If a holder of any Mortgage files with the City Clerk a written notice requesting a copy of any notice of default given Developer hereunder and specifying the address for delivery thereof, then City shall deliver to such holder of any Mortgage, concurrently with delivery thereof to Developer, any notice given to Developer with respect to any claim of City that Developer has not complied with the terms hereof or is otherwise in default hereunder. Each such holder of any Mortgage shall have the right (but not the obligation) for a period of one hundred twenty (120) days after receipt of such notice from City to cure or remedy, or to commence to cure or remedy, the claim of default or noncompliance set forth in the City's notice. If any such default or noncompliance cannot, with diligence, be remedied or cured within such one hundred twenty (120) day period, then such holder of any Mortgage shall have such additional time as may be reasonably necessary to remedy or cure such default or noncompliance if such holder of any Mortgage commences to remedy or cure within such one hundred twenty (120) day period, and thereafter diligently pursues and completes such remedy or cure. Notwithstanding the foregoing, if the default or noncompliance is of a nature which can only be cured by such holder of any Mortgage by or upon obtaining possession, such holder of any Mortgage shall be deemed to have remedied or cured such default or KKR41079 DRAFT 09-29-94 -36- noncompliance if such holder of any Mortgage shall, within such one hundred twenty (120) day period, commence efforts to obtain possession and carry the same forward with diligence and continuity through implementation of foreclosure, appointment of a receiver or otherwise, and shall thereafter remedy or cure or commence to remedy or cure the default or noncompliance within one hundred twenty (120) days after obtaining possession. 9.3 Bankruptcy. Notwithstanding the provisions of Section 10.2 above, if any holder of any Mortgage is prohibited from commencing or prosecuting foreclosure or other appropriate proceedings in the nature thereof to obtain possession of the Property by any process or injunction issued by any court or by reason of any action by any court having jurisdiction of any bankruptcy or insolvency proceeding involving Developer, the holder of any Mortgage shall for the purposes hereof be deemed to be proceeding with diligence and continuity to obtain possession of the Property during the period of such prohibition if the holder of any Mortgage is proceeding diligently to terminate such prohibition. 9.4 Estoppel Certificates. Either party may, at any time, and from time to time, deliver written notice to the other party requesting such party to certify in writing that, to the knowledge of the certifying party, (i) this Agreement is in full force and effect and a binding obligation of the parties, (ii) this Agreement has not been amended or modified, or if so amended or modified, identifying such amendments or modifications, and (iii) the requesting party is not in default in the performance of its KKR.1079 DRAFT 09-29-94 -37- obligations under this Agreement, or if in default, describing therein the nature and amount of any such defaults. A party receiving a request hereunder shall execute and return such certificate within thirty (30) days following the receipt thereof. City acknowledges that a certificate hereunder may be relied upon by transferees, assignees and lessees of the Developer and the holders of any Mortgage. 10. •Transfers and Assignments; Effect of Agreement on Title. 10.1 Rights and Interests Appurtenant. The rights and interests conveyed as provided herein to Developer benefit and are appurtenant to the Property. 11.2 Prohibition Against Transfer. No voluntary or involuntary successor in interest of the Developer shall acquire any rights under this Agreement with respect to the Property or assume, or be deemed to have assumed, any obligations or duties hereunder with respect to the development of the Property except as expressly set forth herein. Developer has the right to sell, assign and transfer any and all of its rights and interests hereunder' and to` assign `'and transfer any and all of its duties''and obligations' hereunder. Such rights and interests hereunder- may` not be sold, 'transferred` or assigned and such duties and obligations` may not be -transferred or assigned except in compliance with the following conditions: Said" rights and interests may be sold, transferred ° or assigned only together twitbt and as an incident of the sale, lease, transfer of assignment ai" the` portions of Property to which they relate, including any transfer or assignment KKR41079 DRAFT 09-29-94 -38- =suer .oreclosur a {< Ana ..w�...:.:.a«s<xnxJ:.x::.:::ii;:w.•.::::::<i:::::i::ifi:«;.:.:.;;x.:.a..rs. �, ,a ,;cx«a 33s�gIliflen� �_ T,.r'S�T.�;ir �,� tic��i+E;:•:�:4k;�.sf•w�:Y..rw:::<�s.rw::.�. ,:.,. "_.... •z::x:e>xaxxx.:��:,,:..«:<«xxanx:::ro:<rc,e«x.:.,::,•::,a,a�a, .•'�:<a.:,x:x.:,�.,�.a:J ,..«sa:a? transfer l t.Y.X �tsS .«a..a...._...:..........s<J,x;«.,:«.:«.Y:<.ti,:<-:;;«..;:«ex:•.;<.,Y�,:.,:.Yx«aaraaaaw,.,,,,,..,,,,...,..•:;:... „ a .0 :. :.....:....,'iiiiCxciviiiaii :i::: '. ] \::i•:<,Z,N".x< v......: ..., J ::J•. .. Y ...Y.,�, . . �: .� - ..: •<: is ...x v appurtenant a#if the --who r a s: a ed: • a (for purposes of notices hereunder of µttepurchasez, transferee : Q assignee, and fife purchases", 'tramsfarse ar essic, nee shallprovide .. .>..,•.. as a '`written notice to City specifying whether cr not the purchaser;' transferee or assignee has assumed any of Developer's obliiatiOns hereunder and, 'if sot which such obligations have been assume; Notwithstanding: the foregoing, Developer ,shall not transfez or assign any of its executory obligations or affirmative covenants with respect to the development of the Propert without having first received the written consent of the City, which consent may be given or withheld by the City in the exercise of its reasonable discretion; provided, however, that such consent shall not be required in the event of a delegation or assignment to an Affiliate. An "Affiliate" shall mean a partnership or mint venture in which any of The Madison Realty .Partnership, `"'Limited Partnership ("Madison"), John P. Boorn ("Boorn") or James S. Bennett ("Bennett") is a general partner, or any other entity which is controlled by Madison, Boorn or Bennett, singly or in any combination KKR41079 DRAFT 09-29-94 -39- Y 55Y.M.:05,5,,,i5:•555X. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, wim---Yb12P#' .5, ,, •••" 11"-le:77-7.7talesnen : 41,4•14. 414,4•0 ••• • 4441444WAXAVIA4M •••:6 xlms•••••••••,,,iii A4.1.4.W.:44444,444444444444,444444, e ••••, •••••••••••• .44.4M,YHAN • ee::::X.:41.• V • • • • .7...444444,4 ••••• ... a. em en • 7., e ,, . ,,,,,,,,,,,,,,,, • --a)* other collateral Colliteiet'}.:iiiiiiiiii144:::.:iiiCCet;te4Cgogp#troco4iiiiii14.. any security previddSly:proVided!..bDeep00.0;Epto ityl:titi:ee04rek#e transferee's Pert oriiitiCe7of::;.Tits obligations withT respect t1e portion of the PrOjeCt7beiiig:-acciiiiredpy:.**tattosfiievr.:xtliii understood and agreed that until all of the conditions set forth in this and the immediately preceding paragraph haVe:::.beeri'perfOrmed: Developer shall not be relieved of and frOM:,..,.:::liabilityor responsibility for compliance with the obligations arising under this Agreement with respect to the portion of the -Projectbeihg transferred and any transferee or assignee.shallnot receive the rights and interests of Developer but such transferee or'aesignee shall be bound by Developer's obligations. Following any such sale, transferorassighMent of any of the rights and ^,interests of Developer Under this Agreement," " the exercise, use -arid enjoyment thereof -Shall continue to be subject to the terms of this Agreement to the same extent as if the purchaser, transferee or assignee were Developer hereunder. Without limiting KKR41079 DRAFT 09-29-94 -40- :�70i':Yrrrti::..n.�iil%%:�by!t•Yj?:Mkv7•Y AyYF%%ii1HAO�+YOv}•/vb:rtiiW YAYr�J.•li ,WAX•SH, 1:r wnYFi:.NN.w:•.t(••Jhytv.: .;{,,•:;..,.t+WOW,•n. ;w:."'ff. •t{.: F.•.w{nYYu:N.Y.:•Y,,,,,x):{{:.:..w.r::....,;x.:{{+�M:x. hts ��s�ests • .w� gam^*'+.:. :: •... :•::•.. ttau!ii�oeete�•xKu:•ktuaa:;tnXad•Yiia+esk8't•KtdmYs1c:!ubK{Swcacbtk:.\A.�ia<i&:;ae::kteiiYa:tta.. <. u v:2::is?kat+�yai�til3b'oukiC'av'atoc: :_ rizSG •: c:.n..,rnuuay:.'rx>iiiYY:6:SRa•'�'t•`�.GA.�:ix ii: ,Y::::. liteiiint. • �Ofti.,i�:::•:'{A:rti.%t{{C.M.9i:.::•i:::•rY �rii:::.:..k.. w..1tn .t%.h'{?tnY .q:(:k4{• �,;{..o,c Kati'raaxm,utY:iiCdiFcklinoat5aiCAxiQi, X+MY... ....5 trx+)Y."^:6:MYYY:.H�:•ix•'�. A•K•Yr:.rr \ .r. y: ...'•'^:;"S: n?# 'Y.?VtlO;l -. 4NP'A '•"-y' A\YU •yKuax••• •,t S. � •riYAM'"""'"°�'> ::.. ig;�,.� .eeme�� ±�`: .;2:`•!�%ram :.':�> : t�@s :faYYri�.::i3'i::iiiif:Ysi9.:��n::.»:'i;:irr•,::;:i::iiiii:n'::.,,.;;:NY..•fi �:':.:: iYrY•`:k:;:.:;T' R•rik',isb:arrl:ta...Y7.•b'+.rkUbu.•.u.a�.`YDV'6^'Y�'�';a','nJN�'+J7�::siirk• ♦v.,.:..,. +axt- Yt•.Yx +�nerx t s� _4on%yy. arassXgn rn-,:.a�D�r.Ir�sarr�•::-:..•r.»..�rwn:::... .., .... .. '� g ........ ......,,w.. {t>:v:. , w. .. .. •iiF%:i:w [k20::t:.v :..v. vnv v ...w:..: w v • •ac. cmdanca xs gr$eme « - ..... ..2.M{A.- ,:tN.n k. .. ,. Yx•.i,:.ry v .. v .v ...w';-. fatwthstd�ng Lthear+�go t>; ans f erect :•.. i,Yk.}. ::nv ::.... ... .... ... : ,kr ... yr: tvwv:•:A. t v. accordance wi a provis duty• or obligation tQ perform Deveic i> ueveopsx zall:.haue <:excacti tory obligations or other affirmative covenants of neveloper under greemen ,. unless such :executory obligations ar affirmative covenan s <are expressly assumed in connection with the conveyance of such rights and interests. In the event -.such executory obligations ox w affirmative covenants are so assumed by any transferee or assignee, no subsequent failure by such transferee or assignee ,(or .any subsequent transferee or assignee) to perform;ar comply with such. executory obligations or affirmative covenants shall be deemed an Event of Default by the Developer hereunder and, siiailarly,"'no failure of the Developer to perform or comply with'. its executory obligations or affirmative covenants which have not been so transferred or assigned shall constitute an event of, default hereunder with: respect to such transferee or assignee (or subsequent transferee or assignee). Prior to the earlier of:..:, (i) The termination of this Agreement or tile expiration, of its Term; or KKR41079 DRAFT 09-29-94 -41- The Developer shall not assign or attempt to assign this Agreement or anyright herein with respect to the Property "'�"° 9 P P Y �`�t.:pz'�� alUEth M`uf^S" • delegate or transfer any obligations or duties of the Dcvcloper hereunder with reopeet to the oon truetien of the Minimum approval may bc given or withheld is thc City'-3 3olc and ab3oluto discrction. Notwith3tanding thc foregoing, howcvcr, thc City'o approval 3ha11 not bc required for any a3signmcnt, delegation or tran3fcr to any Dcvcloper Affiliate. For purpo3c3-of thi3 section 11.1, thc tcrm "Dcvcloper Affiliate" Shall mean cithcr of the following: 1. Any gcncral partner of Dcvcloper or any shareholder or 3harcholdcr3 of any gcncral partnc directly or indirectly, 50% or more of thc common Stock of Such gcncral partner ("Dcvcloper r\rtncr". 2. Any gcncral or limited partncr3hip in which Dcvcloper or a Dcvcloper r\rtncr, individually or collcctivcly, i3/arc thc managing gcncral partner of such partncr3hip. KKR41079 DRAFT 09-29-94 -42- Provided that all conditions of this Section 11.2 have been satisfied, the City shall take all actions reasonably necessary to accomplish the sale, transfer, assignment, conveyance or delegation of such rights and interests and such duties and obligations as permitted pursuant to this Section 11.2, including, but not limited to, the execution by the City of such instruments or documents as the Developer may reasonably request to evidence the release of the Developer from any such duties or obligations; provided, however, that the City shall not be required to so act if it reasonably believes that to do so would materially impair its rights or obligations under this Agreement. 11.3 Rcleacc of Developer. Notwith3tanding the gale levee, traces -fey' er ae3-i-gmncnt by Developer of portion3 or all of the Property, or it3 rights or intcrc3t3 undcr thi3 Agrccmcnt, it3 oblilation3 and affirmative covenants undcr thi3 Agreement obligation 3 and affirmative covcnant3. 11.43 Termination of Agreement with Respect to Property. Notwithstanding any provisions of this Agreement to the contrary, the burdens of this Agreement shall terminate as to any portion of the Property with respect to which a final subdivision map or parbel'"`itag"conforming to the terms and provisions of this Agreement has been recorded, and thereupon, and without the execution or recordation of any further document or instrument, such portion of the Property shall be released from and shall no KKR41079 DRAFT 09-29-94 -43- longer be subject to or burdened by the provisions of this Agreement; provided, however, that (i) the foregoing shall not be construed to release Developer from any then unperformed obligations under this Agreement with respect to such portion of the Property, and (ii) the benefits of this Agreement shall continue to run as to such portion of the Property until such time as such portion of the Property is developed and the benefits of this Agreement with respect thereto are fully utilized by the construction of a building or buildings or other improvements thereon. Upon receipt of written request therefor and subject to Dev='_oper-Ls tl6ie the compliance with the provisions of Sections 11.2 and hereof, hereof , the City shall promptly provide to the Developer, or any transferee or assignee of an interest of the Developer in the Property, a written statement confirming the release of any portion of the Property from the burdens of this Agreement or the termination of this Agreement with respect to such portion of the Property, which statement shall be in form appropriate for recording in the official records of Riverside County and shall impart constructive record notice of such release or termination. l8,211.4 Covenants Run with Land. Subject to the foregoing provisions of this Section 11 and Section 10: (i) All of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the parties and their respective heirs, successors (by merger, consolidation, or KKR41079 DRAFT 09-29-94 -44- otherwise) and assigns, devisees, lessees, and all other persons acquiring any rights or interests in the Property, or any portion thereof, whether by operation of laws or in any manner whatsoever, and shall inure to the benefit of the parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns; (ii) All of the provisions of this Agreement shall be enforceable as equitable servitudes and constitute covenants running with the land pursuant to applicable law; (iii) Each covenant to do or refrain from doing some act on the Property hereunder (A) is for the benefit of and is a burden upon every portion of the Property, (B) runs with such lands, and (C) is binding upon each party and each successive owner during its ownership of the Property or any portions thereof, and shall benefit each party and its lands hereunder, and each such other person or entity succeeding to an interest in such lands. Notwithstanding any of the foregoing or anything to the contrary contained in this Agreement, any transferee or assignee or holder of any Mortgage which acquires any right or interest in or with respect to the Property or any portion thereof shall take and hold such rights and interests subject to this Agreement and shall not have been deemed to have assumed any obligations or duties of the Developer hereunder except to the extent that any' such transferees or assignees or holder of any such Mortgage have expressly assumed in writing any of the duties or obligations of the Developer hereunder. KKR41079 DRAFT 09-29-94 -45- 11. potices. Any notice to either party shall be in writing and given by delivering the same to such party in person or by sending the same by registered or certified mail, return receipt requested, with postage prepaid, to the following addresses: If to City: City Clerk of the City of Palm Desert 73-510 Fred Waring Drive Palm Desert, California 92260 If to Developer: The Madison Realty Partnership, Limited Partnership 7 West 7th Street Cincinnati, Ohio 45202 Attention: Mr. John P. Boorn with a copy to: The Madison Realty Partnership, Limited Partnership 7 West 7th Street Cincinnati, Ohio 45202 Attention: Mr. James S. Bennett with a copy to: Pircher, Nichols & Meeks 1999 Avenue of the Stars, Suite 2600 Los Angeles, California 90067-6077 Attention: PN&M Notices (SAH) Either party may change its mailing address at any time by giving written notice of such change to the other party in the manner provided herein. All notices under this Agreement shall be deemed given, received, made or communicated on the date personal delivery is effected or, if mailed, on the delivery date or attempted delivery date shown on the return receipt. 12. Miscellaneous. KKRL1079 DRAFT 09-29-94 -46- 12.1 Relationshib of Parties. It is understood that the Project is a private development, that neither party is acting as the agent of the other in any respect hereunder, and that each party is an independent contractor. It is further understood that none of the terms or provisions of this Agreement are intended to or shall be deemed to create a partnership, joint venture or joint enterprise between the parties hereto. 12.2 Consents. Unless otherwise herein provided, whenever approval, consent, acceptance or satisfaction (collectively, a "consent") is required of a party pursuant to this Agreement, it shall not be unreasonably withheld or delayed. Unless provision is otherwise specified in this Agreement or otherwise required by law for a specific time period, consent shall be deemed given within thirty (30) days after receipt of the written request for consent, and if a party shall neither approve nor disapprove within such thirty (30) day period, or other time period as may be specified in this Agreement or otherwise required by law for consent, that party shall then be deemed to have given its consent. If a party shall disapprove, the reasons therefor shall be stated in reasonable detail in writing. This Section does not apply to development approvals by the City. 12.3 Not a Public Dedication. Except as otherwise expressly provided herein, nothing herein contained shall be deemed to be a gift or dedication of the Property, or of the Project, or any portion thereof, to the general public, for the general public, or for any public use or purpose whatsoever, it being the intention and understanding of the parties that this Agreement be strictly KKR41079 DRAFT 09-29-94 -47- limited to and for the purposes herein expressed for the development of the Project as private property. Except for any portion of the Property which has been conveyed to the City by Developer as provided in this Agreement or the DDIA, Developer shall have the right to prevent or prohibit the use of the Property, or the Project,. or any portion thereof, including common areas and buildings and improvements located thereon, by any person for any purpose inimical to the development or operation of the Project as contemplated by this Agreement. Any portion of the Property conveyed to the City by Developer as provided herein shall be held and used by the City only for the purposes contemplated herein or otherwise provided in such conveyance, and City shall not take or permit to be taken (if within the power or authority of the City) any action or activity with respect to such portion of the Property that would deprive the Developer of the material benefits of this Agreement or would materially and unreasonably interfere with the development of the Project as contemplated by this Agreement. 12.4 Severabilitv. If any term, provision covenant or condition of this Agreement shall be determined invalid, void or unenforceable by judgment or court order, the remainder of this Agreement shall remain in full force and effect, unless enforcement of this Agreement as so invalidated would be unreasonable or grossly inequitable under all the relevant circumstances or would frustrate the purposes of this Agreement. KKR4T079 DRAFT 09-29-94 -48- 12.5 Exhibits. The Exhibits listed in the Table of Contents, to which reference is made herein, are deemed incorporated into this Agreement in their entirety by reference thereto. 12.6 Entire Agreement. This written Agreement and the Exhibits hereto contain all the representations and the entire agreement between the parties with respect to the subject matter hereof. Except as otherwise specified in this Agreement and the Exhibits hereto, any prior correspondence, memoranda, agreements, warranties or representations are superseded in total by this Agreement and Exhibits hereto. 12.7 Governing Law; Construction of Agreement. This Agreement, and the rights and obligations of the parties, shall be governed by and interpreted in accordance with the laws of the State of California. The provisions of this Agreement and the Exhibits hereto shall be construed as a whole according to their common meaning and not strictly for or against any party and consistent with the provisions hereof, in order to achieve the objectives and purposes of the parties hereunder. The captions preceding the text of each Section, subsection and the Table of Contents hereof are included only for convenience of reference and shall be disregarded in the construction and interpretation of this Agreement. Wherever required by the context, the singular shall include the plural and vice versa, and the masculine gender shall include the feminine or neuter genders, or vice versa. 12.8 Signature Pages. For convenience, the signatures of the parties to this Agreement may be executed and acknowledged on KKR41079 DRAFT 09-29-94 -49- separate pages which, when attached to this Agreement, shall constitute this as one complete Agreement. 12.9 Time. Time is of the essence of this Agreement and of each and every term and condition hereof. 12.10 [Reserved] [Developer requests inclusion of attorneys fees provision.] IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above -written. DEVELOPER; KKR41079 DRAFT 09-29-94 THE MADISON REALTY PARTNERSHIP, LIMITED PARTNERSHIP, a Delaware limited partnership By: The Boorn Bennett Limited Partnership, an Ohio limited partnership, its general partner By: Boorn, Inc., an Ohio corporation, its general partner By: John P. Boorn President CITY: THE CITY OF PALM DESERT, CALIFORNIA, a municipal corporation organized and existing under the laws of the State of California By: Mayor Attest: -50- City Clerk, STATE OF CALIFORNIA) ss. COUNTY OF On before me, the undersigned, a Notary Public in and for said state, personally appeared personally known to me (or proved to me on the basis ofsatisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. KKR41079 DRAFT 09-29-94 WITNESS my hand and official seal. o. -51- STATE OF CALIFORNIA COUNTY OF RIVERSIDE ) ) ss. On before me, the undersigned, a Notary Public in and for said state, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. KKR41079 DRAFT 09-29-94 WITNESS my hand and official seal. -52- EXHIBIT "A" PALM DESERT PROJECT DEVELOPMENT STANDARDS FOR THE PROJECT 1. Purpose of Development Standards II. IV. V. VI. KKR41079 DRAFT 09-29-94 Project Introduction A. Overview and Location B. Project Statistical Summary General Notes and Conditions General Development of Project A. Proposed Uses B. Building Square Footage Limits and Maximum Heights C. Density and Intensity of Use D. Open Space Planning Guidelines A. Purpose B. Site Planning and Circulation C. Grading/Drainage/Street Standards D. Landscaping, Walls and Lighting E. Design Concept of Buildings/Parking/ Loading Area F. Utility Services and Structures G. Project and Business Identification Plan Review Requirements A. Purpose B. Development/Precise Plan Review C. Development/Precise Plan Contents -1- KKR41079 DRAFT 09-29-94 I. Purpose of Development Standards The purpose of the development standards for the Project is to: 1. Provide the Developer with a planning and development process which will result in a Project that is consistent with the City's General Plan and in furtherance of the goals of the City as set forth in the Agreement. 2. Provide supplemental criteria for the use, design, density, circulation and development of the Project (as described in II.B hereof) that will result in an aesthetically pleasing, environmentally harmonious and commercially viable product that expands the goods and services presently available to the community. 3. Ensure that development occurs in an orderly fashion through long-range planning. 4. Encourage development that is operationally functional to both the building operator and the consumer. 5. Provide for the development of the Project in a manner which is consistent with the terms and provisions of the Agreement and the Existing Land Use Ordinances. II. Project Introduction A. Overview The Project presents an opportunity to master plan one of the remaining large vacant properties within the area of the City subject to the City's Commercial Core Area Specific Plan. The development of the Project in accordance with the provisions of the Agreement and these development standards furthers the development objectives of the City in an orderly manner. The development of the Project in accordance with the provisions of the Agreement and the development standards provides a number of benefits: -2- KKR41079 DRAFT 09-29-94 1. It maximizes the potential for high quality economic development of the Commercial Core Area. 2. It addresses specific policy recommendations of the Palm Desert Commercial Core Area Specific Plan. 3. It provides for the completion of all necessary signalization and pedestrian amenities for El Paseo, Shadow Mountain Drive, Larkspur Lane and San Pablo Avenue in the vicinity of the Project, as provided for in Exhibit "D". B. Project Statistical Summary_ Common Name: Sun Lodge Colony Location: SWC El Paseo and Larkspur Lane Acreage: 10.3 acres Site Topography: generally flat with slight slope up to the south. III. General Notes A. Purpose This section III is included to: (i) provide certain definitions for use with respect to this Exhibit "A"; (ii) to describe the relationship of this Exhibit "A" to the Existing Land Use Ordinances and the Building Ordinances; and (iii) provide other miscellaneous provisions necessary to effectuate the purposes and intent of the Agreement. B. General Notes 1. Terms contained in this Exhibit "A" shall have the same meaning as defined in the Agreement unless otherwise defined herein. 2. Except as otherwise provided in this Exhibit "A" and in the Agreement, the development of the Project shall be in accordance with, and the development of the Project during the Term shall be -3- KKR41079 DRAFT 09-29-94 governed by, the Existing Land Use Ordinances. 3. Except as otherwise provided in this Exhibit "A" and in the Agreement, all construction of improvements upon the Property shall conform to the building and construction standards established by the Building Ordinances. 4. Whenever the provisions of this Exhibit "A" conflict with the provisions of the Existing Land use Ordinances or the Building Ordinances the provisions of this Exhibit "A" shall be deemed to control to the extent necessary to effectuate the purposes and intent of the Agreement. 5. The maximum aggregate allowable building square footage for the Project shall be 167,000 s.f. of gross leasable area; provided, however, that the Project may include up to an additional 30,000 square feet of gross leasable area if a lease or other occupancy agreement is entered into with any of the following for the construction of a retail store in the Project: (a) Saks Fifth Avenue, (b) one (1) or more retailers which are similar to Saks Fifth Avenue (in which event City shall have the right to decide, in its reasonable discretion, whether or not each such retailer proposed by Developer is similar to Saks Fifth Avenue), or (c) one (1) or more retailers which are not similar to Saks Fifth Avenue (in which event City shall have the right to approve each such retailer in its sole discretion). The failure of City to respond to a request for approval of a retailer pursuant to clause (b) or (c) of the immediately preceding sentence within twenty (20) days after Developer's request shall be deemed approval of such retailer. The City covenants and agrees that the amendments to the Development Agreement set forth in this paragraph 5 relating to the permitted size of the Project shall not result in a reduction of the maximum aggregate allowable building square footage provided in the Development -4- KKR41079 DRAFT 09-29-94 Agreement for the properties 'affected thereby (or otherwise obtained from the City by the developers of such properties in the course of their development). 6. Development of the Property may accommodate all uses permitted in the C-1 zone as identified in the Existing Land Use Ordinances. 7. Parking requirements for layouts and sizes for the Project shall be based upon the requirements for general retail and office use as described in the Existing Land Use Ordinances. Parking requirements for ratios shall be based upon the less stringent of the following: (a) the requirements for general retail and office use as described in the Existing Land Use Ordinances, or (b) four spaces per 1,000 square feet of gross leasable area. Notwithstanding anything to the contrary set forth in paragraph IIIB6 or this paragraph IIIB7 or in the Existing Land Use Ordinances, up to 25% of the total gross leasable area may be developed as restaurant space with no additional parking requirements. 8. Changes in the location or configuration of the Buildable Zones within the Project, as designated on the Land Use Development Plan as attached hereto may occur as specific site plans are developed. Any such changes will be subject to the prior approval of the Community Development Director of the City. [Note: A revised Land Use Development Plan will be proposed for attachment to this Amendment.] 9. Tentative Tract Map may be filed and approved subject to consistency with the Land Use Development Plan., 10. Except as otherwise provided herein, all approvals of the City, the Community Development Director, or the Planning Commission of the City required as provided herein shall be based upon the criteria and standards for such approval -5- KKR41079 DRAFT 09-29-94 set forth in the Existing Land Use Ordinances and the Building Ordinances. 11. Prior to the issuance of any building permit with respect to the Project, a precise development plan for the development of the Project shall be submitted to the Planning Commission and shall be approved by the Planning Commission if such precise development plan is consistent with the Land Use Development Plan and complies with the provisions of the Agreement. 12. The Developer shall be permitted to establish a Project office on the Property upon execution of the Agreement by the City. 13. Sizing of all backbone utility facilities shall be predicated on the maximum density proposed for the Project and shall not be required to be oversized to accommodate uses other than with respect to the Project. 14. All improvements required as Exactions pursuant to the attached Exhibit "D" shall be constructed by Developer as and when such improvements are necessary with respect to Project development. 15. The terms indicated on the Land Use Development Plan shall have the following meanings: A. Building Zone: The approximate area in which the buildings within the Project will be located. B. Parking/Landscape Zone: The approximate area in which the majority of parking stalls within the Project will be located. IV. General Development of the Project A. Proposed Uses Any or all uses permitted in the C-1 zone of the Existing Land Use Ordinances. -6- KKR.1079 DRAFT 09-29-94 B. Maximum Building Sauare Footage Limits and Maximum Heights Maximum S.F. 167,500 (subject to increase as set forth in paragraph IIIB5). !eight Limit Per applicable Existing Land Use Ordinances C. Density and Intensity of Use The Developer shall be entitled to develop the Property to the maximum building site coverage percentage provided in the applicable Existing Land Use Ordinance as it pertains to the Property. The Land use Development Plan depicts the eligible building areas within the Property. Buildings shall be reasonably distributed within the Property to permit ease of vehicular and pedestrian access, circulation and egress and for proper operational building service requirements. V. planning Guidelines A. Purpose Except as otherwise provided in the Agreement or this Exhibit "A", the development of the Property shall be subject to and controlled by the design and development guidelines established by the Existing Land Use Ordinances and the Building Ordinances. The following guidelines are intended to be supplemental to those established by the Existing Land Use Ordinances and the Building Ordinances and to the extent they are inconsistent or in conflict with the guidelines established by the Existing Land Use Ordinances and the Building Ordinances, these guidelines shall be deemed controlling. Subject to the foregoing, all development plans for the Property shall comply with the following guidelines. B. Site Planning and Circulation Access to the Property is to be provided from the adjacent streets as depicted on the Land Use Development Plan. Interior vehicular circulation shall be patterned to permit ease -7- KKR4TD79 DRAFT D9-29-94 of ingress and egress as well as the distribution of buildings in relation to parking areas to allow for the dispersion of vehicles and pedestrians throughout the Property. The Project shallhave clearly defined pedestrian routes into and throughout the Property in order to minimize potential points of conflict between pedestrians and vehicles. Individual entries shall occur at the designated locations on the Land Use Development Plan. Building setbacks shall. be as depicted on the Land Use Development Plan. C. Grading/Drainage Grading design shall reinforce the architectural and landscape designs in the following ways: A. Assist in screening parking, loading and service areas. B. Reduce the perception of height and mass of large buildings. C. Provide a reasonable transition from the street to the Property. The applicant may obtain permits for rough grading after approval of conceptual grading plans by the Director of Public Works and the Director of Community Development. Grading shall be permitted outside of an area of immediate development if consistent with the conceptual grading plan. Drainage of surface parking areas and roof areas shall terminate at an underground storm drain system in the public streets. Points of connection will be provided for the Property. D. Landscaping Landscape materials shall enhance the major architectural design elements through the coordinated use of indigenous and introduced plant species, lighting, massing, etc. Landscaping shall be in accordance with a Landscape Concept Plan as provided in the Existing Land Use Ordinances. The Landscape -8- KKR41079 DRAFT 09-29-94 concept Plan will be submitted as part of the precise plan at the time development of the Property is proposed. The landscape framework will be compatible with the desert environment. E. pesian Concept of Buildings/Parkins/Loadinq Areas The architecture of the Project shall possess an underlying compatibility among the various buildings through the use of similar materials, finishes, colors and amenities while allowing a degree of flexibility for expression and identity. A11 building designs shall be aesthetically agreeable with the desert environment. The Property shall provide 200 public parking spaces in addition to the number of spaces required by paragraph IIIB7. Loading docks, service delivery areas, where provided, are required to be screened, recessed, and/or enclosed so as not to be visible from adjacent streets and properties. Loading, service and delivery areas shall not encroach into any setback areas. F. Utilities and Utility Structures Public services and utilities will be provided by the following public/private agencies unless otherwise approved by the Director of Community Development: a. Water - Coachella Valley Water District b. Sewer - Coachella Valley Water District c. Flood Control - Coachella Valley Water District d. Electricity - Southern California Edison Company e. Natural Gas - Southern California Gas Company f. Telephone - General Telephone Company g. Schools - Palm Springs and Desert Sands Unified School District h. Public Parks - Coachella Recreation and Parks District -9- KKR41079 DRAFT 09-29-94 i. Fire Protection - Riverside County Sheriff Department j. Police Protection - Riverside County Sheriff Department k. Solid Waste Disposal - Riverside County Road Department and Palm Desert Disposal Services 1. Television - Coachella Valley Television A11 utilities shall be installed and maintained underground. Utility design shall not place excessive burdens upon offsite systems. Temporary overhead power and telephone facilities are permitted during construction only. Any device for transmission or reception of communication signals shall be screened. Rooftop devices shall not extend above the building's highest architectural element or be visible within a horizontal line of sight. Ground -mounted devices shall be screened from view from adjacent streets and property. Outdoor trash areas shall be visually screened by a 6-ft.-high (minimum), non combustible enclosure constructed of the same materials and finishes as the adjacent building. Enclosures shall be designed and located so as not to be highly visible from adjacent streets and property. G. proiect and Business Identification Project entry statements composed of signage, landscaping, architectural features, or a combination of same, will be depicted on the landscape concept plan. VI. plan Review Reauirements A. Purpose This section is established to ensure that the overall purpose and intent of the Project is satisfied and implemented in an orderly manner. B. Development/Precise Plan Review -10- KKR41079 DRAFT 09-29-94 When the actual development of the Property is proposed, an application for approval of a precise plan shall be filed with and such precise plan shall be approved by the Planning Commission if it is consistent with the Land Use Development Plan and complies with the provisions of the Agreement and this Exhibit "A". C. Precise Plan Contents Subject to the provisions of the Agreement and this Exhibit A the precise plan shall include the requirements of Section 25.73.011 of the Existing Land Use Ordinances. -11- • EXHIBIT "B" THE PROPERTY THE FOLLOWING REAL PROPERTY IN THE CITY OF PALM DESERT, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: The following legal description encompasses the entirety of the Property on the Land Use Development Plan. Parcels 1 and 2 of Parcel Map 4655, in the City of Palm Desert, County of Riverside, State of California, as shown by Map on file in Book 7, Page 42 of Parcel Maps, in the Office of the County Recorder of said County. KKR41079 DRAFT 09-29-94 -1- phase EXHIBIT "C" PHASING SCHEDULE Entitlement/Maximum Development Activity I. Execution of Agreement Agreement authorized, executed and delivered to Developer by City of Palm Desert KKR41079 DRAFT 09-29-94 Rate Developer may obtain all necessary approvals, consents, permits, or other entitlement for the construction and occupancy of not less than 100,000 square feet of gross floor area within the Property and not more than that permitted by paragraph IIIB5 of Exhibit A. -1- EXHIBIT "D" EXACTIONS As provided in the Agreement, the following constitutes those Exactions which may be imposed by the City with respect to the development of the Project. The following Exactions include all of the mitigation measures with respect to the Project for which the Developer will be responsible for satisfying and which were identified in the Environmental Impact Report (the "EIR") pertaining to the Project and certified as complete by the City on November 16, 1989. Unless otherwise provided for in this Exhibit "D", all Exactions shall be constructed or provided by the Developer in conformance with the requirements of the Existing Land Use Ordinances. Those Exactions identified herein, while intended to be specific in nature, will remain subject to specific Project review as provided in Exhibit "A". The City and the Developer will in good faith attempt to agree as to any modifications of the following Exactions which are requested by the City as a result of such specific Project review. KKR41079 DRAFT 09-29-94 1. Street Improvements A11 street improvements are subject to the review and approval of construction documents pertaining thereto by the City of Palm Desert Department of Public Works. All of the following street improvements are to be located adjacent to the Project. A. South side of E1 Paseo between San Pablo Avenue and Larkspur Lane -- completion of all pedestrian amenities including street lighting, landscaping, bus stations, sidewalks, benches, and decorations. B. West side of Larkspur Lane between El Paseo and Shadow Mountain Drive -- completion of all pedestrian amenities including street lighting, landscaping, and sidewalks. C. East side of San Pablo Avenue between El Paseo and Shadow Mountain Drive -- completion of all pedestrian amenities including street lighting, landscaping, and sidewalks. -1- KKR41079 DRAFT 09-29-94 D. North side of Shadow Mountain Drive between Larkspur Lane and San Pablo Avenue -- completion of all pedestrian amenities including street lighting, landscaping, and sidewalks. 2. Traffic Signals All of the following traffic signal improvements and signal modifications are to be located adjacent to the Project. As used in this Paragraph 2, the "related improvements" shall mean those improvements identified by the City of Palm Desert Department of Public Works as necessary to implement the traffic signal modifications to which they relate. A. New traffic signal and related improvements at the intersection of El Paseo and Larkspur Lane, all as required by the EIR. B. Traffic signal modifications and related improvements at El Paseo and San Pablo Avenue, all as required by the EIR. 3. Storm Drains A. Construction of all necessary drainage systems with respect to the Project and the facilities necessary to connect such systems to the existing underground storm drain systems in the public streets, all as required by the EIR. 4. Transit A. Construction of bus turnouts and shelters for the Project, all as required by the EIR. B. Provide a Transportation Demand Management Study as required by the EIR. 5. public Parking In conjunction with the construction of the private commercial/retail facilities to be located on the Property (if constructed), the Developer shall provide 200 additional parking -2- KKR41079 DRAFT 09-29-94 spaces above project parking requirements for the Property as required by paragraph IIIB7 of Exhibit A for use as public parking spaces (as such term is defined in Exhibit "E"). Prior to the commencement of construction of the commercial/retail facilities to be located on the Property, the Developer and the Agency shall have in good faith negotiated and entered into the Parking Management Agreement described in Section of the Disposition And Development Agreement. It is the intent of the Developer and the City that, subject to the provisions of the Disposition and Development Agreement pertaining to the payment by the Agency to the Developer of the Purchase Price for the Parking Rights, the Developer will pay all costs of constructing such public parking spaces. 6. 'lousing The Developer will pay a housing mitigation fee for the Project at the time of building permit issuance with respect thereto. The proceeds of such fees shall be used by the City, along with other revenues of the City, to address the very low, low and moderate income housing needs generated by the development of the Project consistent with the housing programs identified or to be identified in the housing element of the City's General Plan. Such fee shall be in the amount of $1.00 per square foot of building floor space for mixed commercial/retail development and $.50 per square foot of building floor space for professional office development. This fee shall be payable by the Developer only if a similar fee equal to or greater than this fee will be required by the City with respect to all other commercial development within the City. In no event and under no circumstances will such fee exceed $197,500. 7. Fees A. T.U.M.F. Fees B. Signalization Fee C. Drainage Fees D. Art in Public Places Fees, which fees shall be one half of one percent (.5%) of -3- KKR41079 DRAFT 09-29-94 the total building valuation (valuationwithon for building permit purposes), maximum limit. E. The usual and customary fees of general application charged for processing of applications for permits and approvals pertaining to the development of the Project. -4- KKR41079 DRAFT 09-29-94 EXHIBIT "E" THE PUBLIC FACILITIES The City and the Agency desire to provide or to cause to be provided the following public improvements to service property within and outside of the Project. In conjunction with the construction of the private commercial/retail facilities to be located on the Property (if constructed), the Developer shall provide a minimum of 200 public parking spaces on the Property. For the purposes of this Exhibit "E", the term "public parking spaces" shall mean those parking spaces which: (i) are designated by the Developer as available for parking by the general public; (ii) are not designated by the Developer for preferential or exclusive use by patrons or employees of the private commercial/retail facilities to be constructed on the Property; and (iii) may be used by the general public for parking during normal business hours without the payment of fees or charges for such parking imposed by the Developer (unless there are charges for parking in parking areas owned, operated or regulated by the City, in which event Developer may charge for parking amounts not in excess of the charges imposed in such parking areas). Prior to the commencement of construction of the commercial/retail facilities to be located on the Property, the Developer and the Agency shall have in good faith negotiated and entered into the Parking Management Agreement described in Section of the Disposition And Development Agreement. Nothing set forth in this Agreement or this Exhibit "E" shall be construed to prevent the Parking Management Plan from imposing reasonable parking regulations and restrictions upon the public parking spaces, including but not limited to regulations and restrictions related to valet parking, parking validations and employee parking and restrictions or prohibitions upon the use of the public parking spaces by office parkers.• ' -1-