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HomeMy WebLinkAboutRes OB-110 (2)OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY ECONOMIC DEVELOPMENT DEPARTMENT STAFF REPORT REQUEST: APPROVE A DISPOSITION AND DEVELOPMENT AGREEMENT AUTHORIZING THE TRANSFER OF APPROXIMATELY 113 ACRES KNOWN AS A.P.N. 694-200-001 AND PORTION OF 694-160-003 FROM THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY TO THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY PURSUANT TO THE LONG RANGE PROPERTY MANAGEMENT PLAN SUBMITTED BY: DATE: CONTENTS: Recommendation January 12, 2015 Resolution No. OB- 110 DDA Agreement Draft Grant Deed Site Map Martin Alvarez, Director of Economic Development „gym LZrril.SAR-Pu.) 4 F GonlS . $3Y OVERSIGHT BOARD ON (— (a- l.5 - a1 o _'c _ s c), VERIFIED B -rl Original on file with City Clerk's Office Waive further reading and adopt Resolution No. OB-110: 1) Authorizing A Disposition and Development Agreement (DDA) and Grant Deed authorizing as to form the conveyance of approximately 113 acres known as A.P.N 694-200-001 and Portion of 694-160-003 from the Successor Agency to the Palm Desert Redevelopment Agency (Successor Agency) to the Trustees of the State of California University (CSU), pursuant to the approved Long Range Property Management Plan; and 2) Authorizingthe City Manager and City Attorney to finalize and execute the DDA and Grant Deed after approval is received from the State Department of Finance. Background In 1993, the former RDA acquired approximately 201.64 acres located at the northeast corner of Cook Street and Frank Sinatra Drive for the development of a university master plan. The site was acquired with the intent to partner with California State University San Bernardino for the development of a university campus. On November 16, 1999, the former RDA entered into a Disposition and Development Agreement (DDA) with the Trustees of the Staff Report- Oversight Board Property 10(a), (b) Transfer to CSU January 12, 2015 Page 2 of 3 California State University (CSU) to facilitate the future development of the California State University San Bernardino — Palm Desert Campus. On March 22, 2001, Amendment No. 1 to the DDA was approved authorizing the transfer of approximately 55 acres of the 201.64 acres to CSU to facilitate the construction of infrastructure and facilities for the establishment of the CSU—Palm Desert Campus. The First Amendment to the DDA also reserved approximately 125 acres (Reserve Property) for ten years for the future implementation of the remaining Palm Desert Campus Master Plan and reserved 20 acres for a future University of California -Riverside campus (UCR). The 20 acres are currently under the control of UCR. CSU has built 5 education buildings on the 55 acres and has a student enrollment of 1,100 students. CSU continues its efforts to expand the CSU-Palm Desert Campus and has requested approval of the transfer of approximately 113 acres to facilitate the future development of the CSU-Palm Desert Campus master plan. State Department of Finance On June 2, 2014, the State Department of Finance approved the Successor Agency's Long Range Property Management Plan (LRPMP). The LRPMP authorizes the Successor Agency to transfer the remaining CSU Reserve Property (approximately 113 acres) to CSU for governmental purpose (university educational facilities). In addition, the LRPMP authorizes the transfer of 2.67 acres to the City of Palm Desert for a future fire station (government use) within the CSU master plan. Previous transfers occurred prior to the dissolution of the redevelopment agency, which included the dedication of the ring road (Berger Circle) to CSU and additional right of way to the City located on the Frank Sinatra Drive frontage (see attached map). Disposition and Development Agreement: Staff has worked with CSU to develop the attached DDA allowing the transfer of the remaining Successor Agency land to CSU for the implementation of the future CSU — Palm Desert Campus master plan. The Successor Agency is in the process of finalizing a Grant Deed to transfer approximately 113 acres to CSU and will be presented to both the Oversight Board and the State Department of Finance for approval. At a later date, staff will prepare documentation requesting the transfer of 2.67 acres from the Successor Agency to the City for a future fire station site. The fire station site location has been identified and the conceptual design has been completed (see attached map). The attached DDA includes several key conditions to be adhered to by CSU as part of the transfer and the Grant Deed. The conditions are as follows: 1. CSU agrees that it shall use the Reserve Property only for educational purposes as part of the CSU mission until 25 years after the conveyance. CSU may lease or license the operation of retail, commercial, restaurant and service uses as defined by CSU's mission and Education Code 89046 that are incidental to and directly supportive of CSU's post -secondary education operations. G \Econ Development\Martin Alvarez\SA Property Sales\Cal State\OB-CSUTransferSR 1-12-15-a doc Staff Report- Oversight Board Property 10(a), (b) Transfer to CSU January 12, 2015 Page 3 of 3 2. CSU agrees the words "Palm Desert" shall be included in perpetuity, in the name of the CSU post -secondary education operations of the property. 3. CSU shall not convey, sell, encumber or lease the property without the written consent from the Successor Agency or the State Department of Finance. 4. CSU will provide the City with the opportunity to review and comment on any proposed change in access points from the Reserve Property to any City public right of way. Construction related to new access within the City right of way will require written consent from the Director of Public Works. 5. CSU shall provide the City with the opportunity to review and comment on concept design plans for major capital facilities on the CSU Reserve Property. All future landscape plans shall be reviewed by the City and the Coachella Valley Water District and be consistent with applicable water efficiency ordinances. 6. CSU will continue to work cooperatively with all regional educational partners to advance higher learning opportunities for the Coachella Valley. Successor Agency Board: This item is scheduled to be reviewed by the Successor Agency to the Palm Desert Redevelopment Agency on January 8, 2015. A verbal update of the Successor Agency action will be presented to the Oversight Board at its January 12, 2015 meeting. Staff recommends that the Successor Agency approve the attached DDA and authorize the execution of a Grant Deed authorizing the transfer of approximately 113 acres to CSU after the Oversight Board and the State Department of Finance approve the request. Fiscal Analysis There is no fiscal impact to the General Fund. Submitted B Department Head: gartin Alvarez Rudy Acosta Director of Ec9ngmic Development Assistant City Manager Reviewed: p56 Paul Gisctn, Dire tc or of Finance Approved: M. Wohlmuth, City Manager \Econ Development\Martin Alvarez \SA Property Sales\Cal State\OB-CSUTransferSR 1-12-15-a doc NOTICE OF ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY Proposed Adoption of: A Resolution Directing the Execution of a Purchase and Sale Agreement with The Trustees of the California State University for Property known APN 694-200-001 and Portion of 694-160-003, Property 10(a), 10(b) Pursuant to the Long Range Property Management Plan Date: January 12, 2015 Time: 1:30 P.M. or as soon thereafter as the matter may be heard Place: Administrative Conference Room, located at Palm Desert City Hall, 73-510 Fred Waring Drive, Palm Desert, California NOTICE IS HEREBY GIVEN that at the meeting of the Oversight Board (the "Oversight Board") of the Successor Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") to be held on January 12, 2015, at 1:30 P.M., or as soon thereafter as possible, the Oversight Board will consider the adoption of a resolution directing the execution of a Purchase and Sale Agreement with The Trustees of the California State University for Property known APN 694-200-001 and Portion of 694-160-003, Property 10(a), 10(b) pursuant to the Successor Agency's Long Range Property Management Plan. Such Long Range Property Management Plan has been approved previously by the Oversight Board and the California State Department of Finance. Interested persons are invited to attend this meeting and be heard regarding this matter. An individual who challenges any decision regarding the proposed action in court may be limited to raising only those issues such individual or someone else raised at the meeting described in this notice or in written correspondence delivered to the Oversight Board at, or prior to, the meeting. Due to the time constraints and the number of persons wishing to give oral testimony, time restrictions may be placed on oral testimony at the meeting regarding the proposal. Any interested person may wish to make comments in writing to assure that the relevant views are expressed adequately. Written comments may be submitted to the Oversight Board prior to the time set for the meeting, to the attention of the Secretary of the Oversight Board at 73-510 Fred Waring Drive, Palm Desert. Further information may be obtained by contacting Martin Alvarez, Dir. of Economic Development, at 73-510 Fred Waring Drive, Palm Desert, or by telephone at (760) 346-0611, Ext 467 or by email at malvarezgcityofpalmdesert.org. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in an Oversight Board meeting, please contact the Office of the City Clerk of the City of Palm desert at (760) 346- 0611. Notification at least 48 hours prior to the meeting or time when services are needed will assist the Oversight Board staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service. Assisted hearing devices will be available at this hearing without prior notification Dated this' day ,_ , 2014 Ra elle D. Klassen, Secretary to the Successor Agency to the Palm Desert Redevelopment Agency RESOLUTION NO. OB- 110 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A DISPOSTION AND DEVELOPMENT AGREEMENT BETWEEN SUCCESSOR AGENCY AND THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (CSU) AUTHORIZING THE CONVEYANCE OF APPROXIMATELY 113 ACRES OF SUCCESSOR AGENCY PROPERTY KNOWN AS A.P.N. 694-200-001(10a) AND PORTION OF 694-160-003(10b) TO CSU PURSUANT TO THE LONG RANGE PROPERTY MANAMGEMENT PLAN RECITALS: A. Pursuant to AB X1 26 (enacted in June 2011), as modified by the California Supreme Court's decision in California Redevelopment Association, et al. v. Ana Matosantos, et al., 53 Cal. 4th 231 (2011), the Palm Desert Redevelopment Agency (the "Former Agency") was dissolved as of February 1, 2012 and the Successor Agency was established, and the Oversight Board to the Successor Agency (the "Oversight Board") was constituted. B. AB 1484 (enacted June 2012) amended and supplemented AB X1 26 (AB X1 26 and AB 1484, together, being referred to below as the "Dissolution Act"). C. Pursuant to the Dissolution Act, the Successor Agency is tasked with winding down the affairs of the Former Agency. D. Pursuant to Section 34175(b) of the California Health and Safety Code ("HSC"), all real properties of the Former Agency transferred to the control of the Successor Agency by operation of law. E. On May 5, 2014, the Oversight Board adopted Resolution No. OB-073, approving a Tong -range property management plan (the "LRPMP") which addresses the disposition of the real properties owned by the Successor Agency. F. As indicated in the DOF's letter dated June 2, 2014, the DOF has approved the LRPMP. G. Pursuant to HSC Section 34191.3, the DOF-approved LRPMP shall govern, and supersede all other provisions of the Dissolution Act relating to, the disposition and use of the real property assets of the Former Agency. H. Pursuant to the approved LRPMP, the Oversight Board authorizes the execution of a Disposition and Development Agreement (see Exhibit A) with the Trustees of the California State University authorizing the transfer of approximately 113 acres known as Properties 10(a), 10(b) and APN 694-200-001, 694-160-003 of the LRPMP for governmental purpose. The Oversight Board is adopting this Resolution to direct the execution of the Disposition and Development Agreement (see Exhibit A) with the Trustees of the California State University authorizing the transfer of approximately 113 acres known as Properties 10(a), 10(b) and APN 694-200-001, 694-160-003 of the LRPMP for governmental purpose.. -l- RESOLUTION NO. OB-110 J. Notice of the proposed action presented in this Resolution was posted on the Successor Agency's website (being a page on the City's website) and at three public places: beginning on December 29 , 2014. NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. The above recitals, and each of them, are true and correct. Section 2. The Oversight Board hereby authorizes and directs the Successor Agency to complete the execution of the Purchase and Sale Agreement (see Exhibit A) with the Trustees of the California State University authorizing the transfer of approximately 113 acres known as Properties 10(a), 10(b) and APN 694-200-001, 694-160-003 of the LRPMP for governmental purpose as directed by the approved LRPMP. The Chair (or in the Chair's absence, the Vice Chair) of the Board of Directors of the Successor Agency hereby authorize the Executive Director to execute the Purchase and Sale Agreement to complete the disposition of the properties. Section 3. The members of the Oversight Board and officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution. Section 4. This Resolution shall become effective in accordance with HSC Section 34181(f). APPROVED and ADOPTED this day of January 2015. AYES: NOES: ABSENT: ABSTAIN: ROBERT A. SPIEGEL, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RESOLUTION NO. OB -110 EXHIBIT A OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY DISPOSTION AND DEVELOPMENT AGREEMENT BETWEEN SUCCESSOR AGENCY AND THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY (CSU) -3- RESOLUTION NO. OB-110 DISPOSITION AND DEVELOPMENT AGREEMENT AND ESCROW INSTRUCTIONS REGARDING PALM DESERT/CAL STATE RESERVE PROPERTY This DISPOSITION AND DEVELOPMENT AGREEMENT ("Reserve Property DDA") is entered into on , 2014, by and between the SUCCESSOR AGENCY TO THE PALM DESERT DEVELOPMENT AGENCY, a public body, corporate and politic ("Agency") and THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY, an agency of the State of California ("CSU"). RECITALS A. Agency is the duly authorized successor to the Palm Desert Development Agency, a public body exercising governmental functions and powers and organized and existing under the Community Redevelopment Law of the State of California. B. CSU is an arm of the State of California and is governed by its Board of Trustees. It receives it authority from the California Education Code. C. CSU's primary mission is offering undergraduate and graduate instruction through the master's degree in the liberal arts and sciences and professional education, including teacher education as stated in Section 66010.4(b) of the California Education Code. Regional access for students to this instruction is an integral part of CSU's mission. D. Agency and CSU are parties to that certain DISPOSITION AND DEVELOPMENT AGREEMENT dated November 16, 1999 ("Agreement") with respect to certain real property located within the City of Palm Desert, County of Riverside, State of California. The Agreement provided for the conveyance of approximately 40 acres of certain real property owned by the Agency to CSU for educational purposes. The Agreement also provided that CSU may request an increase in the size of the subject real property and reserved approximately 160 acres of real property adjacent to the real property conveyed by the Agency to CSU for use by CSU in future expansion. ("Reserve Property"). E. Agency and CSU amended the Agreement by entering into a FIRST AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT dated March 22, 2001 ("First Amendment"). The First Amendment documented a modification of the size of the real property conveyed by Agency to CSU pursuant to the Agreement by increasing the conveyed real property to approximately 55 acres and reducing the Reserved Property to approximately 145 acres. The First Amendment also released its option rights on 20 acres of the Reserve Property for the purposes of development by UCR, resulting in a reduction of the size of the Reserve Property to approximately 125 acres. Both the Agreement and First Amendment have expired pursuant to the terms of those agreements. Page 1 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 F. Pursuant to the terms of the Agreement and First Amendment, CSU has developed the real property adjacent to the Reserve Property previously convey by Agency to CSU and continues to operate post -secondary educational programs on such property in accordance with its mission. G. On or about July 28, 2008, CSU agreed to release its option rights on an additional approximately 3 acres of the Reserve Property in order to permit the construction of a fire station on such property by the City of Palm Desert ("Fire Station Parcel"). H. Agency's Long Range Property Management Plan, approved by California Department of Finance on June 2, 2014, authorizes conveyance of the Reserve Property to CSU for government use. _ I. Agency seeks to accommodate the expansion of CSU's presence and operation of post -secondary educational programs in the City of Palm Desert, thereby assisting in the elimination of blight, providing additional jobs, and substantially improving the economic and physical conditions in accordance with the purposes and goals of the Redevelopment Plan. J. The Agency and CSU desire to enter into this Reserve Property DDA in order to establish commitments for the development of the Reserve Property by CSU. The Agency recognizes the benefit to the region and its • citizens of having CSU acquire and develop the Reserve Property. CSU recognizes that it is in the best interests of the state and its citizens to develop the Reserve Property for purposes of its higher education mission. K. The City and the Agency served as co -lead agencies for the Environmental Impact Report ("the EIR") on the proposed uses of the Site. The City and Agency duly considered and certified the EIR as completed on April 22, 1999. L. . M. . N. Agency now desires to convey to CSU the Reserve Property. O. CSU has determined that accepting the Agency's conveyance of the Reserve Property will aid in carrying out the primary mission and functions of the CSU as specified in Section 66010.4(b) of the California Education Code. AGREEMENT NOW, in consideration of the above recitals, the mutual covenants contained in this Reserve Property DDA, and for other good and valuable consideration, the parties agree as follows: ARTICLE 1. DEFINITIONS. Page 2 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 The following terms as under in this DDA shall have the meanings given unless expressly provides to the contrary: 1.1. Agency means the Successor Agency to the Palm Desert Redevelopment Agency, a California public body, corporate and politic exercising governmental functions and powers and organized and existing under the Community Redevelopment Law of the State of California. 1.2. Agreement means the Disposition and Development Agreement between the Palm Desert Development Agency and the Trustees of the California State University dated November 16, 1999. 1.3. City means the City of Palm Desert, a municipal corporation acting in its capacity as a California chartered city. 1.4. City Council means the City Council of the City of Palm Desert. 1.5. Close of Escrow is as defined in Section 2.9. 1.6. CSU means the Trustees of the California State University, an arm of the State of California. 1.7. DDA means this DISPOSITION AND DEVELOPMENT AGREEMENT REGARDING PALM DESERT RESERVE PROPERTY. 1.8. Escrow Holder means a licensed escrow company mutually selected by the Agency and CSU. 1.9. Hazardous Materials means any chemical, material or substance now or hereafter defined as or -included in the definition of "hazardous substances," "hazardous wastes," "hazardous materials," "extremely hazardous waste," "restricted hazardous waste," "toxic substances;" "pollutant or contaminant," "imminently hazardous chemical substance or mixture," "hazardous air pollutant," "toxic pollutant," or words of similar import under any local, state or federal law or under the regulations adopted or publications promulgated pursuant thereto applicable to the Site, including, without limitation: the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §9601,et seq. ("CERCLA"); the Hazardous Materials Transportation Act, as amended, 49 U.S.C.§1801, et seq.; the Federal Water Pollution Control Act, as amended, 33 U.S.C. § 1251, et seq.; and the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901, et seq. The term "Hazardous Materials" shall also include any of the following: any and all toxic or hazardous substances, materials or wastes listed in the United States Department of Transportation Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances (40 CFR Part 302) and in any and all amendments thereto in effect as of the date of the close of any escrow; oil, petroleum, petroleum products (including, without limitation, crude oil or any Page 3 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 fraction thereof), natural gas, natural gas liquids, liquefied natural gas or synthetic gas usable for fuel, not otherwise designated as a hazardous substance under CERCLA; any substance which is toxic, explosive, corrosive, reactive, flammable, infectious or radioactive (including any source, special nuclear or by-product material as defined at 42 U.S.C. § 2011, et seq.), carcinogenic, mutagenic, or otherwise hazardous and is or becomes regulated by any governmental authority; asbestos in any form; urea formaldehyde foam insulation; transformers or other equipment which contain dielectric fluid containing levels of polychlorinated biphenyl's; radon gas; or any other chemical, material or substance (i) which poses a hazard to the Site, to adjacent properties, or to persons on or about the Site, (ii) which causes the Site to be in violation of any of the aforementioned laws or regulations, or (iii) the presence of which on or in the Site requires investigation, reporting or remediation under any such laws or regulations. 1.10. Improvements means any and all buildings, landscaping, infrastructure, utilities, and other improvements to be built on the Reserve Property, or any part of it. 1.11. Opening of Escrow means the date upon which Escrow Holder receives a fully executed copy of this DDA pursuant to Section 2.4. 1.12. Reserve Property means certain real property composed of approximately 123 acres as more particularly depicted and described in Exhibit A, attached hereto and incorporated herein by reference, which is contemplated to be developed by CSU. 1.13. Reserve Property Master Plan means a planning process to be undertaken by CSU-after conveyance of theReserve Property for the purpose of determining short and long term land uses to occur on the Reserve Property. ARTICLE 2. PURCHASE AND SALE OF RESERVE PROPERTY Section 2.1 Transfer of the Reserve Pronertv. Subject to and in accordance with the terms and conditions set forth in this DDA, the Agency agrees to transfer to CSU, and CSU agrees to accept from the Agency, fee simple title to the Reserve Property, including all water, mineral, oil, gas, and geothermal rights to said parcel, and including the right to extract the same from said parcel, to the extent such mineral rights are owned by the Agency. The parties shall cooperate with each other to develop a mutually acceptable legal description of the Reserve Property prior to the date it is transferred by Agency to CSU. Section 2.2 Purchase Price. The purchase price for the Reserve Property to be paid by CSU shall be the sum of $0. Section 2.3 Condition of the Reserve Pronertv. Page 4 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 2.3.1 Prior to and during the escrow period, CSU is granted permission to enter onto the Reserve Property for the purpose of inspecting the Reserve Property, including testing the soil. CSU shall indemnify, hold harmless, and defend the Agency against and hold the Agency and the City harmless from, all losses, costs, damages, liabilities, liens, and expenses, including, without limitation, reasonable attorneys' fees, arising out of such entry and activities by CSU and its agents, employees, or contractors, prior to the Close of Escrow, except to the extent any such losses, costs, damages, liabilities, and expenses arise out of the gross negligence or willful acts of the Agency and/or the City. At any time during its inspection of the Reserve Property, but within 55 calendar days of the Opening of Escrow, CSU shall approve or disapprove of the condition of the Reserve Property. If CSU disapproves the condition of the Reserve Property, this DDA and the Escrow shall terminate. CSU shall provide to the Agency its approval or disapproval in writing. 2.3.2 The Agency shall convey the Reserve Property to CSU in an "as is" "where is" condition, without any warranty whatsoever to CSU as to the condition of any portion of the Reserve Property, including whether the Reserve Property contains any Hazardous Materials. CSU shall rely upon its own inspection of the Reserve Property and CSU's own determination as to whether the physical condition of the Reserve Property shall be suitable for CSU's purposes. CSU acknowledges and agrees that: 2.3.2.1 The Agency has made no representation or warranty with respect to the Reserve Property except for those representations and warranties contained in this DDA, and that prior to the Close of the Escrow, the Agency will make no representations and warranties with respect to the Reserve Property, other than those contained in.this DDA. 2.3.2.2 CSU is acquiring the Reserve Property with the ultimate objective of constructing -improvements on the Reserve Property. 2.3.2.3 CSU's decision to acquire the Reserve Property shall be based on the results of CSU's analysis and the reports it shall obtain prior to the Close of Escrow. 2.3.2.4 The Agency has made no representation or warranty as to the accuracy or completeness of any reports and other materials prepared by any persons, and CSU is not relying on the accuracy and completeness of any reports and other materials prepared by persons other than CSU, its agents, or contractors. 2.3.2.5 Except as specifically provided in this DDA, the Agency has made no representation or warranty with respect to the use, fitness for a particular reason, zoning, value, improvements, square footages or any other condition of the Reserve Property. Except for the Agency's representations, warranties and covenants contained in this DDA, CSU is acquiring the Reserve Property in "AS -IS," "WHERE -IS" condition "WITH ALL FAULTS." CSU agrees that the Agency has no obligation to remedy any faults, defects, or Page 5 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 other adverse conditions described in any report or other material obtained by CSU or delivered by the Agency to CSU, including the remediation of any Hazardous Material on the Reserve Property. Section 2.4 Opening of Escrow. Within 10 days after CSU's approval of this DDA, the parties shall cause escrow to be opened with Escrow Holder for the transfer of the Reserve Property by the Agency to CSU. The Agency and CSU shall deposit with Escrow Holder a fully executed duplicated original of this DDA, which shall serve as escrow instructions. The parties shall provide such additional escrow instructions as shall be necessary and consistent with this DDA. Escrow Holder is authorized to act under this DDA and to carry out its duties as Escrow Holder. Section 2.5 Condition of Title: Title Insurance. 2.5.1 Promptly following the execution of this DDA by both Parties, the CSU shall order from a title company mutually acceptable to the Agency and CSU (the "Title Company"), for delivery to CSU and to the Agency, and at CSU's sole expense, a preliminary report and Survey for an ALTA Owner's Standard Coverage Policy of Title Insurance for the Reserve Property, setting forth all liens, encumbrances, easements, restrictions, conditions, pending litigation, judgments, administrative proceedings, and other matters affecting the Agency's title to the Reserve Property, together with copies of all documents relating to title exceptions referred to in the Preliminary Report (collectively, the "the Reserve Property Preliminary Report.") CSU shall approve 'or disapprove each exception shown on the Reserve Property Preliminary Report within 55 calendar days following the receipt of the Reserve Property Preliminary Report. Notwithstanding the foregoing, the Agency shall be under no obligation to remove any encumbrance to title, but the Agency agrees to cooperate in good faith with CSU in CSU's efforts to eliminate any encumbrance to title, provided the Agency is not obligated to pay any sums to the holder of such encumbrance to obtain the release of such matters. 2.5.2 . Subject to the terms of Section 2.5.1 above, CSU shall approve or disapprove each encroachment, overlap, or boundary line dispute, or any other matter that materially and adversely affects title to the Reserve Property or that violates any law, rule, or regulation reflected on the Survey (each an "Exception") within 30 days after receiving said ALTA Survey or after the Opening of the Escrow, whichever is later. Any such Exception that CSU disapproves is termed a "Disapproved Exception." If CSU is unable to obtain a discharge, satisfaction, release, or termination of a Disapproved Exception, or if the Agency does not elect to do so, then CSU shall have the right, within 60 days of the Opening of Escrow, to do one of the following: 2.5.2.1 Waive the Disapproved Exception and proceed with closing the escrow, accepting title to the Site subject to the Disapproved Exception; or 2.5.2.2 Terminate this DDA, in which event both CSU and the Agency shall be relieved of all further obligation and liability to each other under this DDA and all the funds and documents deposited with Escrow Holder shall be promptly Page 6 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 refunded or returned, as the case may be, by Escrow Holder to the depositing party, less reasonable escrow cancellation fees; or 2.5.2.3 Request from Agency an extension of time to do further investigation prior to making a decision, which request shall not be unreasonably withheld by Agency. 2.5.3 Upon satisfaction of the conditions to convey title to the Reserve Property, the Agency shall convey title of the Reserve Property to CSU by Grant Deed. Title to the Reserve Property shall be conveyed subject to (i) all title exceptions affecting the Reserve Property shown on the Preliminary Title Report for the Reserve Property approved by CSU, (ii) the covenants, conditions and restrictions benefiting and burdening the Reserve Property as described in this DDA, and (iii) any other matters which arise out of the actions of CSU or its agents and representatives ("Permitted Exceptions") but including all water, mineral, oil, gas, and geothermal rights to the Reserve Property, including the right to extract the same from the Reserve Property held by the Agency, if any. The -Agency shall use reasonable efforts to cause any disapproved exceptions to be removed by the Close of Escrow (so long as such exception may be removed without the Agency being obligated to pay any sums to the holder thereof), but if the Agency is unable to remove any disapproved non -monetary title exceptions, then the Agency shall not be in breach of this DDA but CSU shall have the right to terminate this DDA. 2.5.4 At the Close of Escrow, CSU may, at CSU's sole cost and expense, purchase a CLTA or an ALTA Owner's Standard Coverage Policy of Title Insurance, issued by the "Title Company, in favor of CSU, insuring that title is vested in CSU free and clear of all liens, easements, covenants, conditions, restrictions, and other encumbrances of record, other than the Permitted Exceptions for the Reserve Property. CSU may obtain one or more extended coverage policies of title insurance or special endorsements at its own cost. Section 2.6 Escrow Chortles. CSU shall be responsible for paying (i) all Escrow charges, and (ii) all recording fees, documentary and local transfer taxes that are legally applicable to a transaction wherein CSU is the transferee. Section 2.7 Conditions to Close of Escrow. The obligations of the Agency and CSU under this DDA to close the escrow for the conveyance of the Reserve Property shall be subject to the satisfaction or waiver of each of the following conditions: 2.7.1 Agency's Oversight Board has approved this DDA and/or the conveyance of the Reserve Property, and the California Department of Finance has approved this DDA and/or the conveyance of the Reserve Property. 2.7.2 CSU's (a) Chancellor, and (b) Board of Trustees, shall each have approved the transaction contemplated by this DDA and the acquisition of the Reserve Property. 2.7.3 The representations and warranties of the Agency and CSU contained in this DDA shall be true and correct as of the Close of Escrow. Page 7 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 2.7.4 The Agency shall have delivered all documents required to be delivered by the Agency pursuant to Section 2.8 of this DDA. 2.7.5 The Title Company shall have issued a commitment to issue a Policy of Title Insurance, as required herein, on the Close of Escrow, subject only to the Permitted Exceptions on the Reserve Property, with liability equal to such sum as requested by CSU, showing the Reserve Property vested in CSU. If the foregoing conditions are not satisfied, and Escrow has not closed, by April 30, 2015, then either the Agency or CSU shall have the right to terminate this DDA. Section 2.8 Deposit into Escrow. The Agency agrees to deliver to Escrow Holder prior to the Close of Escrow, the following instruments and documents, the delivery of each of that shall be a condition of the Close of the Escrow:. 2.8.1 A Grant Deed, duly executed and acknowledged by the Agency, conveying a fee simple interest in the Reserve Property to CSU, subject to the restrictions specified in Sections 3.1, 3.2, and 3.3.; 2.8.2 The Agency's affidavit as contemplated by California Revenue and Taxation Code §18662 ("Withholding Affidavit"); 2.8.3 A Certification of Non -Foreign Status in accordance with I.R.C. Section 1445 ("FIRPTA Certificate"); and 2.8.4 Such proof of the Agency's authority and authorization to enter into this transaction as the Title Company may reasonably be required in order to issue CSU's policy of title insurance for the Reserve Property. Section 2.9 Escrow's Closing Actions. The recordation of the Grant Deed conveying the Reserve Property to CSU shall constitute the Close of Escrow. Escrow shall close by April 30, 2015, unless an extension of time is mutually agreed to. Escrow Holder shall take the following actions to effectuate and finalize the Close of Escrow: 2.9.1 Record the Grant Deed (marked for return to CSU) with the Riverside County Recorder; 2.9.2 Obtain conformed copies of all instruments so records, bearing the County Record's file marks, and deliver a copy of the same to both the Agency and CSU; 2.9.3 Issue the Title Policy to CSU, or cause the Title Company to issue the Title Policy, with CSU as the insured; 2.9.4 If applicable, prorate any taxes, assessments, rents, and other charges, if any, as of the Close of Escrow, if and to the extent CSU shall be liable for payment of such matters after the Close of Escrow; 2.9.5 Charge CSU for those costs and expenses to be paid by CSU under the terms of the Escrow and disburse any net funds remaining after such disbursements to CSU; Page 8 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 2.9.6 Prepare and deliver to both CSU and the Agency one signed copy of Escrow Holder's closing statement showing all receipts and disbursements of Escrow; and 2.9.7 Deliver to CSU a FIRPTA Certificate and Withholding Affidavit. Section 2.10 Additional Provisions. The Agency and CSU may execute additional appropriate escrow instructions if necessary as prepared by the Escrow Holder, which are consistent with this DDA. If there is any inconsistency between the terms of this DDA and the terms of the additional escrow instructions, the terms of this DDA shall control unless an intent to amend the terms of this DDA is expressly stated in such instructions. Any amendment of these escrow instructions shall be in writing and signed by both the Agency and CSU. At the time of any amendment, Escrow Holder shall agree to carry out its duties as escrow holder under such amendment. Escrow Holder is instructed to send copies of notices, demands and communications between the Agency and CSU to or from the Agency or to or from CSU, to both parties to the addresses and in the manner established in Section 6.1 of this DDA. ARTICLE 3. USE, MAINTENANCE, AND NON-DISCRIMINATION OBLIGATIONS. Section 3.1 Use of Reserve Property. CSU agrees that it shall use the Reserve Property only for educational purposes as part of CSU mission until the date that is 25 years after the conveyance of the Reserve Property. to CSU, and for no other purpose whatsoever, except as provided in this DDA. Notwithstanding the foregoing, CSU may lease or license the operation of retail, commercial, restaurant and service uses as defined by CSU's mission and Education Code 89046 that are incidental to and directly supportive of CSU's post- secondary education operations, as applicable, and to the extent that are customarily associated with similar universities. Such permitted uses include, but are not limited to, a student union, student housing, bookstore, and food concessionaires and/or restaurants. a. Access of Reserve Property to any public right of way shall require the prior written consent of the Director of Public -Works for the City, which consent shall not be unreasonably withheld or delayed. CSU shall provide the City with a minimum of sixty (60) days prior written notification of any proposed new public right of way (or proposed changes to any existing public right-of-way) with an opportunity for the City to comment and approve such new or proposed change to a right-of-way, which approval shall not be unreasonably withheld or delayed. CSU shall have fifteen (15) days after the receipt of comments from the City to provide responses in writing. b. CSU shall provide the City with written notification of the design, height and location of all improvements on Reserve Parcel, including a conceptual plan, a minimum of sixty (60) days prior CSU's anticipated approval of such improvements. All improvements shall comport with CSU Design Standards, provided, however, that the design, scale, height, setback requirements and color palette of all improvements shall be consistent with existing improvements on CSU campus. All landscaping on Reserve Parcel shall comply with Coachella Valley Water District water efficiency standards. The City shall have thirty (30) days to review such conceptual plan and provide comments in Page 9 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 writing to CSU. CSU shall either incorporate such comments into the design of the improvements or provide a reasonably detailed written explanation to the City as to why such comments will not be so included. c. CSU shall hold the Reserve Property in trust for the benefit of all public institutions of higher learning in Coachella Valley and shall cooperate in good faith with efforts of such institutions to locate, to the maximum extent reasonably possible, joint use educational facilities on the Reserve Property. Section 3.2 Name. CSU agrees (i) that the words 'Palm Desert" shall be included, in perpetuity, in the name of the CSU post -secondary education operations upon the Reserve Property, and (ii) if a separate campus of the CSU is built upon the Reserve Property, that the name of the CSU Campus shall be "California State University, Palm Desert," unless the City and CSU negotiate a mutually agreeable alternative or unless a different name is designated beyond CSU's control. Section 3.3 Restrictions on Transfer of Reserve Property. Except as provided in Section 3.1, CSU shall not convey, sell, encumber, hypothecate, lease or otherwise transfer (collectively, "Transfer") the Reserve Property -or any portion thereof, or this DDA, or any interest therein, without the prior written_consent of the City, which consent may or may not be given in the sole and absolute discretion of the City. Except as specifically permitted in Section 3.1 and Section 89046:of the California Education Code, CSU shall comply with the provisions of Sections 89720 and 89720.5 of the California Education Code Section 3.4 Expiration of Covenants and Conditions. Notwithstanding the foregoing, however, any and all covenants:. and conditions set forth in Sections 3.1 and 3.4 of this DDA shall terminate as to Reserve Property on the date that is 25 years after conveyance of the Reserve Property, unless specified to terminate sooner. Section 3.5 Oblieatigs to Refrain from Discrimination. CSU covenants and agrees for itself and its successors and assigns, and for every successor in interest to the Reserve Property, or any part thereof, and to its rights under this DDA, that there shall be no discrimination against or segregation of any person, or group of persons, on account of sex, marital status, age, handicap, race, color, religion, creed, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Reserve Property, and CSU shall not establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases, or vendors of any portion of the Reserve Property or the whole. Section 3.6 Form of Nondiscrimination and Non -Segregation Clauses. CSU shall refrain from restricting the rental, sale or lease of the Reserve Property or any portion thereof, on the basis of sex, age, handicap, marital status, race, color, religion, creed, ancestry or national origin of any person. All deeds, leases or contracts shall contain or be subject to substantially the following nondiscrimination or non -segregation clauses: Page 10 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 1. In deeds: "The grantee herein covenants by and for himself, his heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of sex, marital status, race, age, handicaps color, religion, creed, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee himself or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendors in the land herein conveyed. The foregoing covenants shall run with the land." 2. In leases: "The lessee herein covenants by and for himself, his heirs, executors, administrators and assigns, and all persons claiming -finder or through him, and this lease is made and accepted upon and subject to the following conditions: 'That there shall be no discrimination against or segregation of any person or group of persons on account of sex, marital status, race, age, handicap, color, religion, creed, national origin or ancestry, in the leasing, subleasing, transferring, use, or enjoyment of the land herein leased, nor shall the lessee himself, or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy, of tenants, lessees, sublessees, subtenants or vendees in the land herein leased'." 3. In contracts relating to the sale or transfer of the Reserve Property, or any interest therein: "There shall be no discrimination against or segregation of any person or group of persons on account of sex, marital status, rade, age, handicap, color, religion, creed, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land, nor shall the transferee himself or any person claiming under or through him, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy, of tenants, lessees, subtenants, sublessees or vendees of the land." Section 3.7 Restrictive Covenants. CSU agrees that the covenants and restrictions set forth in Sections 3.1 through 3.6 shall burden the Reserve Property and shall run with the land for the benefit of the Agency and its successors and assigns, and that the same shall remain in effect in perpetuity, unless otherwise specifically set forth in connection with the such covenants and restrictions. The Agency, the City and their successors -in -interest may obtain by appropriate legal action specific performance of these covenants and restrictions and injunctive relief prohibiting the breach of such covenants and restrictions. The Grant Deed regarding the Reserve Property shall set forth the restrictive covenants as required by Sections 3.1 through 3.6, above, restricting and burdening the Reserve Property as set forth in this Article. Such restrictive covenants shall be in a form and in substance that shall be subject to the approval of CSU and the Agency; shall provide that the restrictive covenants shall remain in effect in perpetuity (unless stated otherwise within the specific terms set out above); and shall provide that the restrictive Page 11of17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 covenant shall be enforceable by the Agency, the City and their successors -in -interest by appropriate legal action for specific performance of their covenants and restrictions and for injunctive relief prohibiting the breach of their covenants and restrictions. ARTICLE 4. EVENTS OF DEFAULT; REMEDIES AND TERMINATION. Section 4.1 Defaults - Definition. The occurrence of any or all of the following shall constitute a default ("Event of default") under this DDA: 4.1.1 A breach of any material term of this DDA by any Party not involving the payment of money, and failure of such: -.Party to cure such breach within the time period stated, or if no cure period -is-stated, then within thirty (30) days after the non -defaulting Party has given written notice to the defaulting Party; provided, however, if such breach is not reasonably curable within such thirty (30) day period, then such Party shall be deemed in Default only if such Party does not commence to cure such breach within such thirty (30) day period and thereafter fails to diligently pursue a cure of such breach to completion unless the provision breached provides otherwise; 4.1.2 The Agency's failure or refusal to provide any requested approvals without good faith, legitimate reason which could cause CSU to be deemed in breach of this DDA or default or threat thereof; 4.1.3 Any breach of this DDA by any Party involving the payment of money, and the continuance of such breach for a period of thirty (30) days after the non -defaulting Party has given written notice to the defaulting Party, as specified in Section 6.1. Section 4.2 Remedies in the Eyept of Default. In the event of a Default by any Party, the non-- defaulting Party shall have the right to terminate this DDA by delivering written notice thereof to the defaulting Party and to Escrow Holder, subject to the rights of the defaulting Party to cure such Default as provided above. Such Party may also seek against the defaulting Party any available remedies at law or equity, including but not limited to, the right to receive damages or to pursue an action for specific performance. Section 4.3 No Personal Liability. No representative, agent, attorney, consultant, or employee of the Agency shall personally be liable to CSU or any successor in interest of CSU, in the event of any Default or breach by the Agency, or for any amount which may become due to CSU or any successor in interest, on any obligation under the terms of this DDA. No representative, agent, attorney, consultant, or employee of CSU shall personally be liable to the Agency or any successor in interest of the Agency, in the event of any Page 12 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 Default or breach by CSU, or for any amount which may become due to the Agency or any successor in interest, on any obligation under the terms of this DDA. Section 4.4 Riehts and Remedies are Cumulative. The rights and remedies of the parties are cumulative, and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same time or different times, of any other rights or remedies for the same default or any other default by the non -defaulting Party. Section 4.5 Inaction Not a Waiver of Default. Any failures or delays by either Party in asserting any of its rights and remedies as to any 'default shall not operate as a waiver of any default or of any such rights or remedies, or deprive either such Party of its rights to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. The acceptance by a Party of less than the full performance from the other Party shall not constitute a waiver of such Party's right to demand and receive the full amount due, unless such Party executes a specific accord and satisfaction. ARTICLE 5. INDEMNITY Section 5.1 CSU' s Indemnity.- From and after the date of recordation of a grant deed to CSU with respect to of the Reserve Property, CSU shall indemnify, defend, protect, and hold harmless the Agency and the City, and their agents,: employees, attorneys, and representatives, from and against' all losses, liabilities, claims, damages, costs and expenses (including all reasonable out-of-pocket litigation costs and reasonable attorney's fees) and demands of any nature whatsoever, related directly or indirectly to, or arising out of or in connection with: (i) The development of or Improvements on Reserve Property or the use, ownership, management, occupancy, or possession of the Reserve Property, (ii) Any of CSU's activities on of the Reserve Property (or the activities of CSU agents, employees, lessees, representatives, licensees, guests, invitees, contractors, subcontractors, or independent contractors on of the Reserve Property), except to the extent such losses or liabilities are caused by the negligence or conduct of the Agency or the City or its agents or contractors. CSU shall defend, at CSU's expense, including attorneys' fees and, costs, the Agency and the City, and the Agency's and the City's council members, board members, officers, employees, agents, attorneys, and consultants, in any legal action or threatened legal action (including arbitrations and mediations) based upon such alleged acts or omissions. The Agency and the City may in their discretion participate in the defense of any such legal action. Page 13 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 Section 5.2 Auencv's Indemnity. The Agency shall indemnify, defend, protect, and hold harmless CSU, and its agents, employees, attorneys, and representatives, from and against all losses, liabilities, claims, damages, costs and expenses (including all reasonable out-of-pocket litigation costs and reasonable attorney's fees) and demands of any nature whatsoever, related directly or indirectly to, or arising out of or in connection with of the Reserve Property with respect to matters occurring on the Reserve Property prior to the recordation of the grant deed transferring the Reserve Property to CSU, except to the extent such losses or liabilities are caused by the negligence or conduct of CSU or its agents or contractors. The Agency shall defend at the Agency's expense, including attorneys' fees and costs, CSU and CSU's board members, officers, employees, agents, attorneys, and consultants, in any legal action or threatened legal action (including arbitrations and mediations) based upon such alleged negligence. CSU may in its discretion participate in the defense of any such legal action. ARTICLE 6. GENERAL PROVISIONS Section 6.1 Notices. All notices and demands: shall be given in writing by certified mail, postage prepaid, and return receipt requested, or by personal delivery. Notices shall be considered given upon the earlier of (a) personal delivery or (b) 2 business days following after deposit or delivery shown on the return receipt in the United States mail, postage prepaid, certified or registered, return receipt requested. A copy of all notices shall be sent to Escrow Holder. Notices shall be addressed as provided below for the respective Party; provided that if any Party gives notice in writing of a change of name or address, notices to such Party shall thereafter be given as demanded in that notice: The Agency: With a Copy to: CSU: Sucessor Agency to the Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, CA 92260 Attn: Executive Director Facsimile: 760-341-6372 Best Best & Krieger LLP 74-760 Highway 111, Suite 200 Indian Wells, CA 92210 Facsimile: 760-340-6698 Attn: David Erwin Mr. Douglas Freer Vice President for Administration & Finance California State University, San Bernardino 5500 University Parkway Page 14 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 With a copy to: San Bernardino, California 92407 Telephone: 909-5 3 7-513 0 Facsimile: Mr. Steve Lohr Chief of Land Use, Planning & Environmental Review California State University Office of the Chancellor 401 Golden Shore, 2"d Floor Long Beach, California 90802 Telephone: 562-951-4120 Facsimile: Section 6.2 Construction. The Parties agree that each Party and its counsel have reviewed and revised this DDA and that any -rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not apply in the interpretation of this DDA or any amendments or exhibits. This DDA shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the Parties. Section 6.3 Force Maieure. Notwithstanding anything to the contrary in this DDA, a party's nonperformance shall be excused when performance is prevented or delayed by reason of any of the following forces reasonably beyond the control of such party: (i) war, insurrection, riot, flood, severe weather, earthquake, fire, casualty, acts of public enemy, governmental restriction, litigation, acts or failures to act of any governmental agency or entity, including the Agency, or (ii) inability to secure necessary labor, materials or tools, strikes, lockouts, delays of any contractor, subcontractor or supplier. In the event of an occurrence described in clauses (i) and (ii) above, such nonperformance shall be excused and the time of performance shall be extended by the number of days the matters described in clauses (i) and (ii) above prevent or delay performance. Section 6.4 Interoretatjon In this DDA, the neuter gender includes the feminine and masculine, and singular number includes the plural, and the words "person" and "party" include corporation, partnership, governmental entity, firm, trust, or association wherever the context so requires. Section 6.5 Time of the Essence. Time is of the essence of this DDA. Section 6.6 Warranty Against Payment of Consideration for DDAA. CSU, the Agency and the City, warrant that they have not paid or given, and will not pay or give, to any third person, any money or other consideration for obtaining this DDA, other than normal costs of conducting business and costs of professional services such as architects, engineers and attorneys. Page 15 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 Section 6.7 Entire Aereement: Waivers and Amendments. This DDA may be executed in duplicate originals. Escrow Holder may accept escrow instructions in counterparts. This DDA, together with all attachments, exhibits, and other agreements executed pursuant to the terms of this DDA, constitutes the entire understanding and agreement of the Parties. This DDA integrates all of the terms and conditions mentioned or incidental to this DDA, and supersedes all negotiations or previous agreements between the Parties with respect to the subject matter of this DDA. No subsequent agreement, representation or promise made by either Party, or by or to any employee, officer, agent or representative of either Party, shall be of any effect unless it is in writing and executed by the Party to be bound. No person is authorized to make, and by execution of this DDA CSU and the Agency acknowledge that no person has made, any representation, warranty, guaranty or promise except as specifically set forth in this DDA; and no agreement, statement, representation or promise made by any such person which is not contained in this DDA shall be valid or binding on CSU or the Agency. Section 6.8 Severabilitv. Each and every provision of this DDA is, and shall be construed to be, a separate and independent covenant and agreement. If any term or provision of this DDA or its application shall to any extent be held to be invalid or unenforceable, the remainder of this DDA, or the application of such term or provision to circumstances other than those to which it is invalid or unenforceable, shall not be affected, and each term and provision of this DDA shall be valid and shall be enforced to the extent permitted by law. Section 6.9 Headinms. All section headings and subheadings are inserted for convenience only and shall have no effect on the construction or interpretation of this DDA. The references to "Section" shall refer to the sections of this DDA unless it is clear from the context that another meaning is intended. Section 6.10 No Third Party Beneficiaries other than the City. The parties specifically acknowledge that the City is intended to be a third party beneficiary of this DDA with the right to enforce the terms thereof. This DDA is made and entered into for the sole protection and benefit of the Agency and CSU, the City and their successors and assigns. No other person, including individual residents of City, shall have any right of action based upon any provision of this DDA. Section 6.11 Governing Law: Jurisdiction: Service of Process. This DDA and the rights of the Parties shall be governed by California law. The Parties consent to the exclusive jurisdiction of the California Superior Court for the County of Riverside. If any legal action is commenced by CSU against the Agency, or by Agency against CSU, service of process on the Agency shall be made by personal service upon the executive director or secretary of the Agency, or in such other manner as may be provided by law. If any legal action is commenced by Agency against CSU, service of process on CSU shall be made by personal service on the President of the Board of Trustees of CSU, or in such other manner as may be provided by law. CSU agrees, for the benefit of the Agency, that it shall designate an agent for service of process in the State of California in the manner prescribed by law, and if it fails to do so, the State Attorney General of the State of California is designated as agent for CSU, with full authority to Page 16 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 receive such service of process on its behalf, which designation and authorization shall survive the Close of Escrow and be irrevocable. Section 6.12 Survival. The provisions of this DDA shall not terminate but rather shall survive any conveyance and the delivery and performance of all consideration. IN WITNESS WHEREOF, the parties have executed this DDA as of the day and year first written above. AGENCY CSU TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY SUCCESSOR AGENCY TO THE PALM DESERT DEVELOPMENT AGENCY By: By: Printed Name: Printed Name: Elvyra F. San Juan Title: Title: Assistant Vice Chancellor of Capital Planning, Design & Construction RECOMMENDED BY CAMPUS: California State University, San Bernardino By: Printed Name: Title: For California State University, San Bernardino Page 17 of 17 72500.00416\9465305.1 DRAFT 12/12/14 RESOLUTION NO. OB-110 GRANT DEED AS TO FORM RECORDING REQUESTED BY: SUCCESSOR AGENCY "I'O THE PALM DESERT REDEVELOPMENT AGENCY c/o CITY OF PALM DESERT 73-510 Fred Waring Drive Palm Desert, California 92260 Attn: City Clerk WHEN RECORDED RETURN TO: THE TRUSTEES OF "I'IHE CALIFORNIA STATE UNIVERSITY Exempt from Recording Fees Pursuant to G.C. 6103 APN: 694-200-001 and Portion of 694-160-003 Above Space for Recorder's Use Documentary transfer tax is $ Exempt from Documentary Transfer Taxes Pursuant to R & T Code Section 11922 GRANT DEED FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, a public entity ("Grantor"), hereby grants to THE TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY ("Grantee"), the following described real property (the "Property") situated in the City of Palm Desert, County of Riverside, State of California: See Exhibit A attached hereto. AND excepting therefrom any public rights of way or easements. IN WITNESS WHEREOF, Grantor has caused its name to be affixed hereto and this instrument to be executed by its duly authorized officer. DATED: , 2014 GRANTOR: SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY By: Name: John M. Wohlmuth Its: Executive Director RESOLUTION NO. OB-110 GRANT DEED AS TO FORM EXHIBIT A LEGAL DESCRIPTION OF PROPERTY THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF PALM DESERT, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: Successor Agency to CSU Transfer [>@he: 12/2014 VICINITY MAP