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HomeMy WebLinkAboutORD 8880 . . V ORDINANCE NO. 888 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT RELATING TO THE DEVELOPMENT OF A 999 UNIT RESORT TIMESHARE PROJECT ON THE EAST SIDE OF MONTEREY AVENUE BETWEEN FRANK SINATRA DRIVE AND GERALD FORD DRIVE. CASE NO DA 98-1 AS IT RELATES TO CASE NO. PP/CUP 98-5 REVISED WHEREAS, the City Council of the City of Palm Desert, California, did on the 12th day of November, 1998, hold a duly noticed public hearing which was continued from June 11, July 9, August 27, September 10, October 8, and October 22, 1998, to consider the request by MARRIOTT OWNERSHIP RESORT, INC., for approval of DA 98-1; and WHEREAS, the Planning Commission by its Resolution No. 1889 has recommended approval of Case No. PP/CUP 98-5 Revised, subject to conditions; and WHEREAS, the Planning Commission by its Resolution No. 1861 has recommended approval of said development agreement; and WHEREAS, at said public hearing, City Council heard and considered all testimony and arguments of all interested persons. NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Palm Desert, California, as follows: 1. That the above recitations are true and correct and constitute the findings of the City Council in this case. 2. That DA 98-1 Exhibit "A" attached hereto is hereby approved. 3. The City Clerk of the City of Palm Desert, California, is hereby directed to publish this ordinance in the Desert Sun, a newspaper of general circulation, circulated in the City of Palm Desert, California, and shall be in full force and effect thirty (30) . days after its adoption. PASSED, APPROVED AND ADOPTED by the Palm Desert City Council this loth day of December , 1998, by the following vote, to wit: AYES: Benson, Crites, Ferguson, Kelly, Spiegel NOES: None ABSENT: None ABSTAIN: None 1. �' ROBERT A. SP E , a r SHEILA R. GfELIGAN, Cjq Clerk City of Palm Desert, _ I' ornia RECORDING REQUESTED BY WHEN RECORDED RETURN TO City Clerk City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92660 ATTN: EXEMPT FROM RECORDING FEES pursuant to Government Code §6103 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered into this 10thday of December , 1998, by and between the CITY OF PALM DESERT, a municipal corporation ("City"), and MARRIOTT OWNERSHIP RESORTS, INC., a Delaware corporation ("Developer") and is made with reference to the background facts and circumstances set forth in the Recitals below. City and Developer are sometimes hereinafter referred to individually as a "Party" and collectively as the "Parties". Terms capitalized herein are defined in the text where the term is first used unless the meaning is self evident, or are listed in Section 1, below, entitled "Definitions". RECITALS A. California Government Code Section 65864 et seq., provides that the legislative body of a city may enter into a development agreement for the development of real property in order to vest certain rights in the developer and to meet certain public purposes of the local government. Pursuant to California Government Code Section 65865, the City has adopted Ordinance Nos. 341 and 589, which establish procedures and requirements for the approval of development agreements. B. Developer proposes to develop a timeshare project on real property (the "Property") within the City as described in Exhibit "A", attached hereto, and incorporated herein by this reference. In connection therewith, Developer has prepared a plan ("Development Plan") specifying that the intended development shall comprise 1200 timeshare units, more or less, along with certain amenities, functional areas and parking areas (the "Project") that shall be developed pursuant to the terms of this Agreement, all as more fully described in the Development Plan attached hereto as Exhibit `B" and incorporated herein by this reference. C. Palm Desert Municipal Code Section 25.100.020 provides, in part, that any timeshare project shall be developed in conjunction with a resort hotel having 500 rooms or more, which requirement, as noted below, is satisfied in regards to this Project by the proposed PJWALSH/30507/38627v 16 1 development in conjunction with the 884 room Marriott Desert Springs Resort and Spa. The primary purpose of this Municipal Code requirement is to insure that a timeshare project is managed and operated in the same qualitative way as a major hotel. As noted above, this Project 3s being developed in conjunction with the 884 room Marriott Desert Springs Resort and Spa and therefore meets the requirements of that Code Section. Moreover, in furtherance of the purpose of that Code Section the Project will also conform to and satisfy the following: 1. Subject to the provisions of this Agreement, the Development of the Project shall be in accordance with the Current Development Approvals, which Current Development Approvals are mutually agreed shall provide the City with economic benefits as required pursuant to that Code Section. 2. Developer, its successor or assigns, shall operate this Project in the same or a similar manner as the other timeshare projects that Developer operates. 3. The design and construction of the Project will be comparable in quality to the Marriott Desert Springs Resort and Spa resort hotel, and the Developer's method of organization and operation shall provide for management of the Project in the same fashion as that Marriott facility. D. City has given notice of its intention to adopt this proposed Agreement, has conducted public hearings thereon pursuant to Government Code Section 65867, and Palm Desert Municipal Code Ordinance Nos. 341 and 589, has taken action in accordance with the California Environmental Quality Act, and has found that the provisions of this Agreement and its purposes are consistent with the objectives, policies, general land uses and programs specified in the City's general plan, and any applicable specific plan. E. City has given notice of its intention to adopt this proposed Agreement, has conducted public hearings thereon pursuant to Government Code Section 65867, and Palm Desert Municipal Code Ordinance Nos. 341 and 589, has taken action in accordance with the California Environmental Quality Act, and has found that the provisions of this Agreement and its purposes are consistent with the objectives, policies, general land uses and programs specified in the City's general plan, and any applicable specific plan. F. City, by electing to enter into contractual agreements such as this one, acknowledges that the obligations of the City shall survive beyond the terms of the present City Council members of City, and that such action will serve to bind City and future Councils to the obligations thereby undertaken. In addition, this Agreement shall limit the future exercise of certain governmental and proprietary powers of City. By approving this Agreement, the City Council has elected to exercise certain governmental powers at the time of entering this Agreement rather than deferring its actions to some undetermined date in the future. G. The terms and conditions of this Agreement have undergone extensive review by City and its Council and have been found to be fair, just and reasonable. The City and its Council have further found that the pursuit of the Project will serve the best interest of the P]WALSW30507/38627v16 2 citizens and that the public health, safety and welfare will be best served by entering this Agreement. H. This Agreement and the consent of Developer to each of its terms and conditions will eliminate uncertainty in planning and provide for the orderly Development of the Property, eliminate uncertainty about the validity of exactions imposed by the City, ensure timely installation of necessary improvements, provide for public services appropriate to the Development of the Project, and generally serve the public interest. NOW, THEREFORE, in consideration of the above recitals and of the mutual covenants contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: Definitions. The following terms when used in this Agreement shall be defined as follows: "Affiliate" means an entity defined as such in Section 150 of the California Corporations Code. "Current Development Approvals" means all Development Approvals approved or issued before the Effective Date, and still valid and unexpired on the Effective Date. . "Current Land Use Regulations" means all Land Use Regulations valid in effect and of public record on the Effective Date. "Developer" means Marriott Ownership Resorts, Inc., a Delaware corporation, and its successors in interest to all or any part of the Property. "Development" means the initial and original improvement of the Property by constructing and completing the building, structures, improvements, and facilities which are part of the Project including, but not limited to, grading; the construction of on -site or offsite public facilities and improvements; and landscaping. "Development" does not include maintenance, repair, reconstruction or redevelopment of any building, structure, improvement, or facility after its initial construction and completion unless such repair, reconstruction or redevelopment is undertaken as a result of casualty or condemnation of the Project and such repair, reconstruction or redevelopment is performed and completed in a manner consistent with the Development Plan. "Development Approvals" means all permits, licenses or other entitlements, whether discretionary or ministerial, subject to approval or issuance by the City in connection with the Development of the Property, including, but not limited to, this Development Agreement DA98- 1 (adopted as Ordinance 888 of the City, per City Council action takenDecember 10, 1998), PRECISE PLAN/CONDITIONAL USE PERMIT 98-5 approved by Resolution 98108 , Tentative Tract #28818 approved by City Council resolution 98408. "Development Plan" means the Current Development Approvals and the Current Land Use Regulations, both of which control Development of the Property, supplemented by the description of the Project as set forth in Exhibit "B", attached hereto. P7 WALSW30507/38627v 16 3 "Effective Date" means the date this Agreement is recorded by the clerk of the legislative body of the City with the County Recorder, as required by Section 65868.5 of the California Government Code. "Land Use Regulations" means all ordinances; resolutions; codes; rules; regulations; and official policies whether adopted by ordinance, resolution, or otherwise; of the City controlling or regulating any aspect of the Development and use of land, including, but not limited to, the permitted uses of land; the density or intensity of use; subdivision requirements; the maximum height and size of proposed buildings; the reservation or dedication of land for public purposes; sign regulations; zoning covering any subject, including, but not limited to, those subjects listed in Government Code Section 65850; and the design, improvement and construction standards and specifications for Development of the Property. Land Use Regulations does not include any City ordinance, resolution, code, rule, regulation or official policy, governing the conduct of business, professions, and occupations; taxes and assessments; the control and abatement of nuisances; the granting of encroachment .permits and the conveyance of rights and interests which provide for the use of or the entry upon public property; or the exercise of the power of eminent domain. "Subsequent Development Approvals" means all Development Approvals required after the Effective Date in connection with the Development of the Property. "Subsequent Land Use Regulations" means any Land Use Regulations adopted and effective after the Effective Date of the Agreement. 2. Binding Effect of Agreement. Development of this Property is hereby authorized and shall be- carried out in accordance with the terms of this Agreement. The Property and Developer are subject to each term, condition and covenant of this Agreement. 3. Ownership of Property. Developer represents that it is the owner of the Property which is the subject of this Agreement. 4. Relationship of the Parties. It is hereby specifically understood and acknowledged that the Project is a private project and that neither City nor Developer will be deemed to be the agent of the other for any purpose whatsoever. City and Developer hereby renounce the existence of any form of joint venture or partnership between them and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making City and Developer joint venturers or partners. 5. Term. The term ("Term") of this Agreement is twenty (20) years from the Effective Date, subject to earlier termination or extension as hereinafter provided. 6. Termination. This Agreement shall be deemed terminated and of no further effect upon mutual consent of the Parties or occurrence of any of the following events: 6.1 Expiration of this Agreement as set forth in Section 5. 6.2. Entry of a final judgment setting aside, voiding or annulling the adoption of the ordinance approving this Agreement. P] WALSH/30507/38627v 16 4 6.3 The adoption of a referendum measure overriding or repealing the ordinance approving this Agreement, or overriding or repealing any ordinance, law or Current Land Use Regulation which Developer determines is reasonably necessary to the completion of the Project in accordance with the Development Plan and Developer's budget thereof. 6.4 Termination of the POA or Developer's failure to acquire the Property. 6.5 Termination as provided by Section 65865.1 of the California Government Code or other applicable provisions of law. Upon termination of this Agreement, no Party shall have any further right or obligation hereunder except with respect to: (a) any obligation to have been performed before such termination; (b) any default in performance of the provisions of this Agreement which has occurred before such termination; or (c) any obligations which are specifically set forth as surviving this Agreement. 7. Project Approval and Vesting Rights. Developer shall submit applications for and diligently pursue the processing of such Development Approvals as are required by City's ordinances or policies in connection with the implementation of the Development Plan. 7.1 CEOA Review. The Project implements a land use plan for which full compliance with the California Environmental Quality Act ("CEQA") was certified as City of Palm Desert Resolution 98-108 on November 12 , 1998. Therefore, the provisions of CEQA have been fully met and satisfied. 7.2 Rights to Develop. The City hereby approves the proposed uses of the Property, the density and intensity of use, the maximum height and size of proposed buildings, and provisions for reservation and dedication of land for purposes as set forth in the Development Plan. 7.3 Existing Rules to Govern, Vesting Provision. Subject to the terms, conditions and covenants of this Agreement, Developer is hereby granted a vested right to develop the Project in accordance with the Development Plan, including any conditions of approval associated with the Current Land Use Regulations, during the Term of this Agreement. Such rules and regulations shall continue to apply, notwithstanding the development of the Project as provided herein, to the reconstruction of any Developer Improvements or offsite improvements damaged or destroyed from any cause. Except as otherwise provided in this Agreement, the use designation for the Property, the permitted uses of the Property, the density or intensity of use, the maximum height and size of any proposed buildings and the reservation or dedication of land for public purposes are as set forth in the Development Plan as approved by the City for the Property prior to the Effective Date. As a material inducement to the Developer to continue with diligent efforts to promote the development of the Property as contemplated herein, the City desires to cause all development rights consistent with the General Plan, the Development Plan and this Agreement which may be required to develop the Project to completion to be deemed vested in Developer to the full extent permitted by law. The Developer's decision to commence the development of the Project is based on expectations of proceeding to completion with all land use entitlements vested by virtue of this Agreement. The PJ WALSH/30507/38627v 16 5 City agrees to take all steps reasonably necessary, in a timely manner, to facilitate the review and approval of subdivision, site planning, construction applications and all Subsequent Development Approvals requested by Developer subsequent to the Effective Date with respect to the Project. 7.4 Timing of Development; Extension of Maps. The Parties acknowledge that Developer cannot at this time predict when or the rate at which phases of the Property 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, absorption, completion and other similar factors. City agrees that the Developer, its successors and assigns shall be entitled to proceed with development of the Project at such times as Developer may choose, and that no delays, moratoriums, or general suspension in project development approvals will be imposed by the City on the Property during the term hereof. In addition to and not in limitation of the foregoing, the City agrees that no moratorium or other limitation (whether relating to the rate, timing or sequencing of the development or construction of all or any part of the Project, whether imposed by ordinance, resolution or other action by, in the name of, or on behalf of the City) affecting parcel or subdivision maps (whether tentative, vesting tentative or final), building permits, occupancy permits, utility service and/or utility clearances or other entitlements to use or service portions of the Property (including, without limitation, water and sewer services) approved, issued or granted by the City shall apply to the Project to the extent such moratorium or other limitation is in conflict with this Agreement. Because the California Supreme Court ruled in Pardee Construction Co. v. Cily of Camarillo (1984) 37 Ca1.3d 465, that failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over such parties' agreement, it is the Parties intent to cure that deficiency by acknowledging and providing that Developer shall have the right to obtain all permits (including, without limitation, grading and/or building permits), construct improvements and develop the Project in such order and at such rate and at such times as Developer deems appropriate, within the exercise of its subjective business judgment, and consistent with this Agreement. In order to facilitate the above rights of Developer to develop in accordance with market demand, City agrees that pursuant to the provisions of California Government Code. §66452.6(a), the tern of tentative maps and/or vesting tentative maps submitted by Developer with respect to any portion of the Property and approved by the City shall be extended beyond the normal expiration period for an additional time to coincide with the Term of this Agreement, including any extensions. 7.5 Findina Related to Palm Desert Municipal Code Section 25.100.020. The City finds that the Project is being developed in conjunction with the Marriott Desert Springs Resort and Spa, as noted in Recital C, above, and that the provisions of Palm Desert Municipal Code Section 25.100.020 requiring that a time-share project shall be developed in conjunction with a five hundred (500) room hotel are thereby satisfied. 7.6 Weekly Facilities Fee. The Developer also agrees, for so long as the Developer shall control the association of timeshare interest owners at the Project (the "Association"), to cause, and from and after the date on which the Developer shall no longer control the Association, to use its best efforts to cause the collection of a $30.00 per week fee for the use of each timeshare interest sold (the "Weekly Facilities Fee"). The Weekly Facilities Fee will be adjusted annually on July 1 beginning July 1, 1999, using the Consumer Price Index for PJ W ALSH/30507/38627v 16 6 Los Angeles/Riverside/Orange Counties (March to March). The Weekly Facilities Fee shall be paid to the City on a quarterly basis beginning with the first payment on the first day of the fourth month following the Effective Date of this Agreement. The first payment shall include payment of the Weekly Facilities Fee for the balance of the first month plus the next two months. Thereafter, the Weekly Facilities Fee shall be paid on the first day of each third month for the next three-month period. Provided, however, that the agreement of the Developer to cause or use its best efforts to cause the collection of the Weekly Facilities Fee does not constitute the obligation of the Developer (except to the extent that Developer has purchased a weekly timeshare interest), its successors or assigns to pay the Weekly Facilities Fee, and nothing herein shall be deemed to create an obligation on Developer to pay the Weekly Facilities Fee. 8. Public Works. If Developer is required by the Development Plan or this Agreement to construct any public works facilities or improvement of which will be dedicated to the City or any other public agency upon completion, and if required by the applicable laws to do so, Developer shall perform such work in the same manner and subject to the same requirements as would be. applicable to the City or such other public agency should it have undertaken the construction. 9. Regulation by Other Public A eg n`cies. It is acknowledged by the Parties that other public agencies not within the control of the City possess authority to regulate aspects of the Development of the Property, separately or jointly with the City, and this Agreement does not limit the authority of such other public agencies. 10. Processing of Applications and Permits. Notwithstanding any other provision of this Agreement, the following Subsequent Land Use Regulations and Subsequent Development Approvals shall apply to the Development of the Property: 10.1 Processing of building permits as required by law relating to any specific improvements proposed for the Project pursuant to the applicable provisions of the City's Municipal Code which are in effect on the Effective Date of this Agreement. 10.2 Processing fees and charges usually and uniformly imposed by the City on applicants and projects to cover the estimated actual costs to the City of processing applications for: (a) Development Approvals, including, but not limited to, architectural review; (b) monitoring compliance with any Development Approvals; and (c) monitoring compliance with environmental mitigation measures. City shall diligently process all applications for such permits or other entitlements with respect to the Project and the use of the Property in accordance with this Agreement. 10.3 Procedural regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals and any other matter of procedure. 10.4 Regulations governing construction standards and specifications including, without limitation, the City's Building Code, Plumbing Code, Mechanical Code, Electrical Code, Fire Code, and Grading Code. PJWALSH/30507/38627v16 7 10.5 Regulations which may be in conflict with the Development Plan, but which are reasonably necessary to protect the public health and safety. To the extent possible, any such regulations shall be applied and construed so as to provide Developer with the rights and assurances provided under this Agreement. 10.6 Regulations which are not in conflict with the Development Plan. 10.7 Regulations which are in conflict with the Development Plan provided Developer has given written consent to. the application of such regulations to the Development of the Property, which consent may be granted or withheld in Developer's sole and absolute discretion. 11. Assignment. 11.1 Limits on Assignment. No sale, transfer or assignment of any right or interest under this Agreement shall be made to any person or entity which, upon the effective date of the assignment, does not own or operate a resort hotel having 500 rooms or more within the City of Palm Desert. 11.2 Right to Assign. Developer shall have the right to sell, transfer or assign all or any portion of the Property (provided that no such partial transfer of the Property shall be permitted to cause a violation of Government Code Sections 66410, et seq.) to other individuals or entities during the term of this Agreement, subject to 11.1 above. 11.2.1 Concurrently with any such sale, transfer or assignment Developer shall provide the City with an agreement, in a form reasonably acceptable to the City, executed by the purchaser, transferee or assignee, stating that the purchaser, transferee or assignee expressly assumes all the duties and obligations of Developer under this Agreement. 11.2.2 Notwithstanding the failure of any purchaser, transferee or assignee to execute the agreement required by Section 11.2.1, the burdens of this Agreement shall be binding upon such purchaser, transferee or assignee, but the benefits of this Agreement shall not inure to the benefit of such purchaser, transferee or assignee until or unless such agreement is executed. 11.3 Change in Controlling Interest. The change in controlling interest of Developer, or the sale, transfer or assignment of the Property and this Agreement to an entity which is an Affiliate of Developer (as the term "Affiliate" is defined in Section 1 hereof) shall not be deemed an assignment for purposes of this Section 11; provided, however, that no such change in controlling interest or sale, transfer or assignment to an Affiliate shall release the original Developer named herein from the obligations and duties hereof unless such release is approved by the City. 12. Review of Compliance. 12.1 Periodic Review. The Director of Community Development or the Planning Commission shall review this Agreement at least once each calendar year during the Term of this Agreement in order to ascertain whether Developer is in compliance with the terms PJ WALSH/30507/38627v 16 8 and conditions set forth herein. Within thirty (30) days of receiving a request from the Director of Community Development, Developer shall submit an annual report, in a form acceptable to the Director of Community Development, to the City. 12.2 Special Review. In the event of an alleged default of this Agreement the Director of Community Development or the Planning Commission may order a special review to determine if Developer is in compliance with this Agreement. Said special review shall be conducted by the Director of Community Development or the Planning Commission. 12.3 Procedure for Review. 12.3.1 During any periodic or special review, Developer shall have the burden of proof with respect to and must demonstrate its good faith compliance with the terms of this Agreement. 12.3.2 Upon completion of a periodic or special review, the Director of Community Development or the Planning Commission, as applicable, shall make a determination as to whether Developer has complied in good faith with the terms of this Agreement. If the Director of Community Development or the Planning Commission, as applicable, determines, 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. 12.3.3 If the Director of Community Development or the Planning Commission, as applicable, determines, on the basis of substantial evidence, that Developer has not complied in good faith with the terms of this Agreement, the findings of the Director of Community Development or the Planning Commission, as applicable, shall be submitted to the City Council. 12.3.4 The City Council shall thereafter set the matter for public hearing and shall provide the Developer with at least ten (10) days prior notice of the hearing. Said notice shall contain: (a) the time and place of hearing; (b) a detailed statement of the City's facts and contentions; and (c) such other information as is reasonably necessary to inform Developer of the nature of the claims being asserted by the City. 12.3.5 At the time and place set for hearing, Developer shall be given an opportunity to be heard, to present oral and written evidence and to respond to the contentions of the City. If the City Council finds, based on all the evidence, that Developer has not complied in good faith with the terms of this Agreement, the City Council may, subject to Developer's right to cure (if any) exercise its remedies provided by law, including, without limitation, the right to modify or terminate this Agreement as provided in Government Code Section 65865.1. 12.3.6 If the City Council finds, based on all the evidence, that Developer has complied in good faith with the terms of the Agreement, the City shall, upon the request of Developer, issue a Certificate of Compliance, stating that the Agreement remains in effect and Developer is acting in good faith compliance of its terms. 13. Minor Deviations Not Amendments. The Parties acknowledge that refinement of the Property may require Subsequent Development Approvals and may demonstrate that changes PJWALSW30507/38627v16 9 are appropriate and mutually desirable in the Current Development Approvals. In the event that Developer finds that a change in the Current Development Approvals is necessary or appropriate, Developer shall apply for a Subsequent Development Approval to effectuate such change, and the City shall process and act on such application to approve, approve conditionally, or deny, it in accordance with the Current Land Use Regulations, except as otherwise provided by this Agreement. Unless otherwise required by law, a change to the Current Development Approvals shall be deemed "minor" and shall not require an Amendment to this Agreement provided such change does not: 13.1 Alter the permitted uses of the Property in whole or in part; or 13.2 Increase the density or intensity of use above that permitted by underlying zoning of the Property; or 13.3 Increase the maximum height and size of permitted buildings; or 13.4 Constitute a project requiring a subsequent or supplemental environmental impact report pursuant to Public Resources Code Section 21166. Before a minor deviation is implemented, the other Party must be given notice of such contemplated deviation. Deviations which are not consented to by the other Party shall require submission to the amendment process. 14. Modification or Suspension by State or Federal Law. In the event that State or Federal laws or regulations enacted after the Effective Date of this Agreement preempt the Agreement or City's authority to perform hereunder, or the action or inaction of any affected governmental jurisdiction other than City or any instrumentality thereof prevents or precludes compliance with one or more provisions of this Agreement as a matter of law, such provisions shall be modified or suspended as may be necessary to comply with the State or Federal law or regulation. The remainder of the Agreement shall remain in full force and effect to the extent that the Parties agree that it is not inconsistent with such laws and regulations and to the extent that such laws and regulations do not render the remaining provisions impractical to enforce. 15. Vesting Tentative Maps. If any tentative or final subdivision map, or tentative or final parcel map, heretofore or hereafter approved in connection with Development of the Property, is a vesting map under the Subdivision Map Act, Government Code Section 66410, et seq., and if this Agreement is determined by a final judgment to be invalid or unenforceable insofar as it grants a vested right to develop to Developer, then and to that extent the rights and protections afforded Developer under the laws and ordinances applicable to vesting maps shall supersede the provisions of this Agreement. Except as set forth immediately above, Development of the Property shall occur only as provided in this Agreement, and the provisions in this Agreement shall be controlling over any conflicting provision of law or ordinance concerning vested maps. 16. Indemnification. From and after the date that Developer acquires title to the Property, Developer agrees to and shall indemnify and hold City and its agents, officers, servants, employees and contractors harmless from any liability, whatsoever, based or asserted upon any negligent or intentional act or omission of Developer, its officers, agents, employees, P)WALSW30507/38627v 16 10 subcontractors, and independent contractors for property damage, bodily injury or death to any person (Developer's employees included), or any other element of damage of any kind or nature, relating to or in any way connected with the Property or arising from the activities contemplated hereunder, save and except claims for damages arising through the negligence or willful misconduct of the City. Developer shall defend, at its expense, including attorneys' fees, the City, its officers, agents, employees and independent contractors in any legal action based upon such alleged acts or omissions. The City may in its discretion participate in the defense of any such legal action. The provisions of this Section 16 shall survive the termination of this Agreement. 17. Defense Obli ation. From and after the date of the execution of this Agreement, Developer agrees to and shall, at Developer's expense, defend, pay all costs and provide a defense for the City and the City's Redevelopment Agency and their respective agents, officers, servants and employees in any action challenging the validity of this Agreement. The City and the City's Redevelopment Agency may, in their sole discretion, participate in the defense of any such legal action through legal counsel of such City's or Agency's choice at Developer's expense. The provisions of this Section 17 shall survive the termination of this Agreement. 18. Environmental Assurances. Developer shall indemnify and hold the 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, contractors, subcontractors and independent contractors for any violation of any federal, state or local law, ordinance or regulation relating to hazardous or toxic materials, industrial hygiene, or environmental conditions created by Developer or its officers, agents or employees, contractors, subcontractors and independent contractors after the Effective Date on or under the Property, including but not limited to soil and groundwater conditions, and Developer shall defend, at its expense, including attorneys' fees, the City, its officers, agents and employees in any action based or asserted upon any such alleged act or omission. The City may in its discretion participate in the defense of any such action. The provisions of this Section 18 shall survive the termination of this Agreement. 19. Reservation of Rights. With respect to Sections 17 and 18, the City reserves the right to: (a) approve the attorney(s) which Developer selects, hires or otherwise engages to defend the City hereunder, which approval shall not be unreasonably withheld or delayed, or (b) select its own counsel subject to the reasonable approval of Developer. Developer shall reimburse the City forthwith for any and all reasonable expenses incurred for such defense, including attorneys' fees, upon conclusion of any such legal action. 20. Notices. All notices or other communications required or permitted hereunder shall be in writing and shall be either (i) personally delivered (which shall include delivery by means of professional overnight courier service which confirms receipt in writing (such as Federal Express or UPS)), (ii) sent by telecopier or facsimile machine capable of confirming transmission and receipt, along with a true copy sent that same day by regular mail, or (iii) sent by certified or registered mail, return receipt requested, postage prepaid to the following parties at the following addresses or numbers: PI WALSw30507/38627v 16 11 If to City: City of Palm Desert City Clerk 73-510 Fred Waring Drive Palm Desert, California 92260 Telephone: (760) 346-0611 Facsimile: (760) 340-0524 with a copy to: Best Best & Krieger LLP Attn: David J. Erwin 39700 Bob Hope Drive, Suite 312 Rancho Mirage, California 92270 Telephone: (760) 568-2611 Facsimile: (760) 340-6698 If to Developer: Marriott Ownership Resorts, Inc. Attn: Vice President Development 6649 Westwood Boulevard, Suite 500 Orlando, Florida 32821 Telephone: (407) 206-6102 Facsimile: (407) 206-6030 with a copy to: Marriott Ownership Resorts, Inc. Attn: Assistant General Counsel 6649 Westwood Boulevard, Suite 500 Orlando, Florida 32821 Telephone: (407) 206-6400 Facsimile: (407) 206-6420 Notices sent in accordance with this paragraph shall be deemed delivered on: (i) the date of delivery as indicated on the written confirmation of delivery (if sent by overnight courier service); (ii) the date of actual receipt (if personally delivered by other means permitted above); or (iii) the date of delivery as.indicated on the return receipt if sent by certified or registered mail, return receipt requested. Notice of change of address shall be given by written notice in the manner detailed in this paragraph. 21. Events of Default by Developer. Developer shall be in default under the terms of this Agreement for any of the following reasons: 21.1 Developer's failure to perform any material obligation or provision set forth herein, or failure to comply with any material provision or obligation of the Development Plan. 21.2 Any representation or warranty made herein by Developer proves to have been incorrect in any material respect when made. 21.3 Any sale or transfer of the Property or the Project, or any portion thereof, without compliance with the provisions of Section 11 hereof. PJWALSI V30507/38627v 16 12 21.4 Developer becomes the subject of an order for relief by a bankruptcy court, or is unable or admits its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or Developer applies or consents to the appointment of a receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer (each, a "Security Officer"), or such Security Officer is appointed without the application of or consent of Developer and the appointment continues undischarged or unstayed for ninety (90) days; or the Developer institutes or consents to any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, dissolution, custodianship, conservatorship, liquidation, rehabilitation or similar proceeding relating to it or any part of its property; or any similar proceeding is instituted without the consent of the Developer and continues undismissed or unstayed for ninety (90) days. Notwithstanding any provision of this Agreement to the contrary, Developer shall be deemed to be in default under this Agreement only after the City provides Developer with written notice of default, which notice shall specify the nature of such default, and Developer has not cured the default within ninety (90) days after receipt of the notice of default, or thereafter fails to diligently pursue the cure of such default until completion. 21.5 Events of Default by City. The City shall be deemed in default in the event of a failure by the City to perform a material term of this Agreement; provided, however, the City shall be deemed in default only after the Developer provides the City with written notice of default setting forth the nature of the default and the actions, if any, required by the City to cure such default and where the default can be cured, the City has failed to take such actions to cure the default within thirty (30) days after the effective date of the notice, or in the event the default cannot be cured within thirty (30) days, the City has failed to commence the actions necessary to cure the default within such thirty (30) day period. 21.6 Remedies. Upon an event of default by either Party, the non -defaulting Party may pursue any remedy at law or in equity available, including termination of or modification of this Agreement. In the event of the termination of this Agreement, all Development Approvals shall terminate except to the extent they would have otherwise vested in Developer by operation of law without this Agreement. In addition to the foregoing remedies, the Parties acknowledge that irreparable harm is likely to occur to the non -breaching Party and damages will be an inadequate remedy. Therefore, to the extent permitted by law, it is expressly recognized that injunctive relief and specific enforcement of this Agreement are proper and desirable remedies. 22. Riphts 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 and remedies for the same default or any other default by the other Party. 23. Entire Agreement. This Agreement and the exhibits herein contain the entire agreement between the Parties, and is intended by the Parties to completely state the Agreement in full. Any agreement or representation respecting the matters dealt with herein or the duties of any Party in relation thereto, not expressly set forth in this Agreement, is null and void. PIWALSN/30507/38627v16 13 24. Severability. If any term, provision, condition, or covenant of this Agreement, or the application thereof to any Party or circumstance, shall to any extent be held invalid or unenforceable, the remainder of the instrument, or the application of such term, provision, condition or covenant to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 25. Attorneys' Fees. In the event of any action or proceeding, including an arbitration or a reference pursuant to Section 638, et seq., of the Code of Civil Procedure, brought by either Party against the other under this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys' fees and all fees, costs and expenses incurred for prosecution, defense, consultation, or advice in such action or proceeding. Such fees., costs and expenses shall include fees, costs and expenses incurred on appeal or in collection of any judgments. This provision is separate and several and shall survive the merger of this Agreement into any judgment on this Agreement. 26. Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which constitute one and the same instrument. 27. Encumbrances on Property. 27.1 Discretion to Encumber. The Parties hereto agree that this Agreement shall not prevent or limit Developer, in any manner, at Developer's sole discretion, from encumbering the Property or any portion thereof or any improvements thereon with any mortgage, deed of trust or other security device ("Security Device") securing financing with respect to the Development of the Property. The execution of any Security Device shall not be considered a sale, transfer or assignment for purposes of Section 11. 27.2 Security Device Cooperation. The City acknowledges that the lenders providing Security Devices may require certain modifications, and the City agrees upon request, from time -to -time, to meet with Developer and/or representatives of such lenders to consider any request for interpretation or modification which is consistent with the intent and purposes of this Agreement and which will not diminish in any manner the benefits of this Agreement to the City. 28. Regulatory�Device Cooperation. This Agreement shall not prevent or limit Developer, in any manner, at Developer's sole discretion, from obtaining the approval of any regulatory agency necessary to the approval of any sale, transfer or assignment of the Property or interests therein, subject to the terms and conditions of this Agreement. The City acknowledges that governmental authorities and agencies may request certain interpretations and modifications of this Agreement. The City agrees upon request, from time -to -time, to meet with Developer and/or representatives of such governmental authorities to consider any request for interpretation or modification which is consistent with the intent and purposes of this Agreement and which will not diminish in any manner the benefits of this Agreement to the City. 29. School Mitigation. Developer will fulfill all statutory obligations concerning school mitigation fees. P)WALSH/30507l38627v16 14 30. Covenants. Developer warrants and covenants that it shall abide by and perform all obligations and provisions required herein. 31. Recitals Incorporated. The Recitals to this Agreement are hereby incorporated within this Agreement. 32. Governing Law. The Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. 33. Headings. All section headings and subheadings are inserted for convenience only and shall have no effect on the construction or interpretation of the Agreement. 34. Joint and Several Obligations. If at any time during the Term of this Agreement the Property is owned, in whole or in part, by more than one Developer, all obligations of such Development Agreement shall be joint and several, but the default of any one such Developer shall not be attributed to any other Developer. 35. Time is of Essence. Time is of the essence in the performance of the provisions of this Agreement as to which time is an element. 36. Binding on Successors. The burdens of the Agreement are binding upon, and the benefits of the Agreement inure to the benefit of, all successors -in -interest of the Parties to the Agreement, and constitute covenants which run with the Property. In order to provide continued notice thereof, this Agreement shall be recorded by the Parties. 37. Waiver. Failure by a Party to insist upon strict performance of any of the provisions of this Agreement by the other Party, or the failure by the Party to exercise is rights upon the default of the other Party, shall not constitute a waiver of such party's right to insist and demand thereafter strict compliance by the other Party with the terms of this Agreement. 38. Further Actions. Each of the Parties hereto shall cooperate with and provide reasonable assistance to the other to the extent contemplated in the performance of all obligations under this Agreement and the satisfaction of the conditions of this Agreement. Upon the request of either Party at any time, the other shall promptly execute, with acknowledgement or affidavit if reasonably required, and file or record such instruments and writings and take any actions as may be reasonably necessary under the terms of this Agreement or to evidence or consummate the transactions contemplated by this Agreement. 39. Eminent Domain. No provision of this Agreement shall be construed to limit or restrict the City's power of eminent domain. 40. Agent for Service of Process. In the event that Developer is not a resident of the State of California, or it is an association, partnership or joint venture without a member, partner or joint venture without a member, partner or joint venturer resident within the State of California, or it is a foreign corporation, Developer shall file with the City, upon its execution of this Agreement, a designation of a natural person as its agent for the purpose of serving process in any court action arising out of or based upon this Agreement. Said designation shall include the person's name and residence and business address. The delivery to such agent of a copy of PJWALSW30507/38627v16 15 any process in any such action shall constitute valid service upon Developer. If service of process of such agent is infeasible for any reason, Developer may be personally served with such process out of this County, and such service shall constitute valid service upon Developer. Developer is amenable to any such process so served. 41. Authority to Execute. The person or persons executing this Agreement warrant and represent that they have the authority to execute this Agreement and warrant and represent that they have the authority to bind the Party on whose behalf they sign. IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the year and date set forth below. City CITY OF PALM DESERT, a municipal corporation By:_� - ROBERT A. SPIEGEL, yor Attest: %SHEILA R.•GILLIGAN, City Clerk Approved a �tcjm: % DAVID J. R , City Attorney Developer MARRIOTT OWNERSHIP RESORTS, INC., a Delaware rporation Its: Its: 7 NWALSH/30507/38627v16 16 STATE OF CALIFORNIA ) ) ss: COUNTY OF c - ) On- - , , JyQW , before me the undersigned, a Notary Public in and for said County and State, personally appeared j ,1 r ; � rn "I , personally known tome (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. WITNESS my hand and official seal. p,AcHeu.E�N COMM, 01141948 NOTARY PUBLIC - CAIFOR��.� 1' p!VERS^= Cou'-y 1 otary Pub is M.WINS y� F!,%C"ZLLE D. KLASSE4 COMM. i1141948 �G: c NOTARY PUBLIC - CALFORM .. 4 MERSDE COUNTY Alp Comm. Exp..Axw 13, 2001 i 'wnti 0 STATE OF CALIFORNIA ) ) ss: COUNTY OF Qk yaOS Y--_ ) On before me, the undersigned, a Notary Public in and for said County and State, personally appeared Cam, -A. SP,�.F+—: 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/shelthey executed the same in his/her/their authorized capacity(ies), and that by his/her/their signatures) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. ;a IM c. ia.aMWO ssa COMM, 01141948 NOTARY PUBW • CALFCP MWERSOE CCUNIY ly Coma. EqL.1n 13. 2= Notary Pub 1—' 1 STATE OF CALIFORNIA ) ss: COUNTY OF , ) On i 498 , before me, the undersi ed, a Notary Public in and for said County and State, personally appearedo (�- si, L 4c.,nJ, 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 andacknowledged 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. WITNESS my hand and official seal. ' RACHELLE D. KLASSEN ' L r COMM.81141948 NOTARY P1JWC - GLFORNIA ` + RNERSDE COUNTY My Comm. Exp Ju» m = Notary PubHc DEC 07 '98 05 : 57PM 1-0-imm I V I I - -Hw ix r i PARCEL A: THE SOUTHWEST ONE -QUARTER OF SECTION 32, TOWNSHIP 4, SOUTH, RANGE 6 EAST, SAN BERNARDING BASE MZ= AN., TOGETHER WITH PARCEL 2 OF PARCEL MAP NO. 19504 ON FILE IN BOOK 119, PAGES 98 AND 99 OF PARCEL 14iAPS, RECORDS OF RIVERSIDE COUNTY RECORDER - SUBJECT TO EXISTING EASEMENTS AND RIGHTS OF WAY OF RECORD. COMPRISING 295.19 ACRES. MORE AND LESS. PARCEL B; THAT PORTION OF SECTION 32. TOWNSHM 4 SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE MERRMIAN., DESCRIBED AS FOLLOWS: THE SOUTHERLY 362.90 FEET OF PARCEL 1 OF PARCEL MAP NO. 19504 ON FILE LN BOOK 118, PAGES 98 AND 99 OF PARCEL. MAPS, RECORDS OF RIVERSIDE COUNTY RECORDER - PARCEL PARCEL C: THAT PORTION OF SECTION 32, TOWNSHIP 4 SOUTH, R .NGE 6 EAST, SAN BERNARDLNO BASE NfElLMIA'v, DESCRIBED AS FOLLOWS: PARCEL I OF PARCEL MAP NO. 19504 ON FILE IN BOOK 118, PAGES 98 AN_D 99 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY RECORDER EXCEPTING THEREFROM THE SOUTHERLY 362.90 FEET THEREOF. 1A'j TO Be caff on By: r 17 PE�EI' 'ED TIME DEC. 7. 3: 01PM PRINT TIME DEC. 7. 3: 03PM 1 r Exhibit "B" Development Plan for Property BASIC CONFIGURATION The Property designated in Exhibit "A" as the 306 +/- acre "Initial Parcel' shall be developed as a timeshare project comprising approximately 999 two bedroom lockout units (1998 keys), each two bedroom unit being referred to herein as a "Villa". The units will be approximately 1,253 square feet in size. Corridors will be single loaded and the buildings will be a maximum of three stories in height, with an elevator for guest access. AMENITIES The Property shall be developed to include a main pool and several local pools, developed to provide approximately 30 square feet of water area per Villa, a whirlpool spa, and related decking, to be more fully described on the final approved site plan for the Project. The local pool areas will typically include a building with the pool area grill, toilets, and vending equipment. The main amenity will be a golf course of approximately 6,800 yards, along with facilities for a teaching institute and a clubhouse facility. Other amenities shall include a fitness center including health/gym facilities, a sauna, steam room lockers, and toilets. PARKING The following parking shall be provided: 1. Parking shall be provided at a count of 1.1 spaces per Villa of which 1 space per Villa shall be covered. 2. Parking at the sales center shall be provided at a count of 220 spaces. PHASING Developer shall be permitted to phase development of the Project into six (6) "Villages", and Villages are internally phased based on sales demand. The Villages are initially contemplated to have the following number of Villas: Village A, 171 Villas; Village B, 153 Villas; Village C, 135 Villas; Village D, 240 Villas; Village E 102 Villas; Village F, 198. ATTACHED IS SITE PLAN TO PRECISE PLAN/CONDITIONAL USE PERMIT 98-5 PJ WALSW30507/38627v 16 18 ■■�Ifl'llllll -- RECORDING REQUESTED BY WHEN RECORDED RETURN TO City Clerk City of Palm Desert 73-510 Fred Waring Drive Palm Desert. CA 92660 ATTN: EXEMPT FROM RECORDING FEES pursuant to Government Code §6103 041346 REMVED FOR RECORD AT 8:00 AM DEVELOPMENT AGREEMENT FEB -1 1999 Oki" 0� Fla S n- am THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered into this lOth day of December 1998, by and between the CITY OF PALM DESERT, a municipal corporation ("City"), and MARRIOTT OWNERSHIP RESORTS, INC., a Delaware corporation ("Developer") and is made with reference to the background facts and circumstances set forth in the Recitals below. City and Developer are sometimes hereinafter referred to individually as a "Party" and collectively as the "Parties". Terms capitalized herein are defined in the text where the term is first used unless the meaning is self evident, or are listed in Section 1, below, entitled "Definitions". RECITALS A. California Government Code Section 65864 et seq., provides that the legislative body of a city may enter into a development agreement for the development of real property in order to vest certain rights in the developer and to meet certain public purposes of the local government. Pursuant to California Government Code Section 65865, the City has adopted Ordinance Nos. 341 and 589, which establish procedures and requirements for the approval of development agreements. B. Developer proposes to develop a timeshare project on real property (the "Property") within the City as described in Exhibit "A", attached hereto, and incorporated herein by this reference. In connection therewith, Developer has prepared a plan ("Development Plan") specifying that the intended development shall comprise 1200 timeshare units, more or less, along with certain amenities, functional areas and parking areas (the "Project") that shall be developed pursuant to the terms of this Agreement, all as more fully described in the Development Plan attached hereto as Exhibit "B" and incorporated herein by this reference. C. Palm Desert Municipal Code Section 25.100.020 provides, in part, that any timeshare project shall be developed in conjunction with a resort hotel having 500 rooms or more, which requirement, as noted below, is satisfied in regards to this Project by the proposed ,J 413,1.6 development in conjunction with the 884 room Marriott Desert Springs Resort and Spa. The primary purpose of this Municipal Code requirement is to insure that a timeshare project is managed and operated in the same qualitative way as a major hotel. As noted above, this Project is being developed in conjunction with the 884 room Marriott Desert Springs Resort and Spa and therefore meets the requirements of that Code Section. Moreover, in furtherance of the purpose of that Code Section the Project will also conform to and satisfy the following: Subject to the provisions of this Agreement, the Development of the Project shall be in accordance with the Current Development Approvals, which Current Development Approvals are mutually agreed shall provide the City with economic benefits as required pursuant to that Code Section. 2. Developer, its successor or assigns, shall operate this Project in the same or a similar manner as the other timeshare projects that Developer operates. 3. The design and construction of the Project will be comparable in quality to the Marriott Desert Springs Resort and Spa resort hotel, and the Developer's method of organization and operation shall provide for management of the Project in the same fashion as that Marriott facility. D. City has given notice of its intention to adopt this proposed Agreement, has conducted public hearings thereon pursuant to Government Code Section 65867, and Palm Desert Municipal Code Ordinance Nos. 341 and 589, has taken action in accordance with the California Environmental Quality Act, and has found that the provisions of this Agreement and its purposes are consistent with the objectives, policies, general land uses and programs specified in the City's general plan, and any applicable specific plan. E. City has given notice of its intention to adopt this proposed Agreement, has conducted public hearings thereon pursuant to Government Code Section 65867, and Palm Desert Municipal Code Ordinance Nos. 341 and 589, has taken action in accordance with the California Environmental Quality Act, and has found that the provisions of this Agreement and its purposes are consistent with the objectives, policies, general land uses and programs specified in the City's general plan, and any applicable specific plan. F. City, by electing to enter into contractual agreements such as this one, acknowledges that the obligations of the City shall survive beyond the terms of the present City Council members of City, and that such action will serve to bind City and future Councils to the obligations thereby undertaken. In addition, this Agreement shall limit the future exercise of certain governmental and proprietary powers of City. By approving this Agreement, the City Council has elected to exercise certain governmental powers at the time of entering this Agreement rather than deferring its actions to some undetermined date in the future. G. The terms and conditions of this Agreement have undergone extensive review by City and its Council and have been found to be fair, just and reasonable. The City and its Council have further found that the pursuit of the Project will serve the best interest of the III"k II ',I I, Mh(;I IKf. , IF �13�fi citizens and that the public health, safety and welfare will be best served by entering this Agreement. H. This Agreement and the consent of Developer to each of its terms and conditions will eliminate uncertainty in planning and provide for the orderly Development of the Property, eliminate uncertainty about the validity of exactions imposed by the City, ensure timely installation of necessary improvements, provide for public services appropriate to the Development of the Project, and generally serve the public interest. NOW, THEREFORE, in consideration of the above recitals and of the mutual covenants contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: 1. Definitions. The following terms when used in this Agreement shall be defined as follows: "Affiliate" means an entity defined as such in Section 150 of the California Corporations Code. "Current Development Approvals" means all Development Approvals approved or issued before the Effective Date, and still valid and unexpired on the Effective Date. "Current Land Use Regulations" means all Land Use Regulations valid in effect and of public record on the Effective Date. "Developer" means Marriott Ownership Resorts, Inc., a Delaware corporation, and its successors in interest to all or any part of the Property. "Development" means the initial and original improvement of the Property by constructing and completing the building, structures, improvements, and facilities which are part of the Project including, but not limited to, grading; the construction of on -site or offsite public facilities and improvements; and landscaping. "Development" does not include maintenance, repair, reconstruction or redevelopment of any building, structure, improvement, or facility after its initial construction and completion unless such repair, reconstruction or redevelopment is undertaken as a result of casualty or condemnation of the Project and such repair, reconstruction or redevelopment is performed and completed in a manner consistent with the Development Plan. "Development Approvals" means all permits, licenses or other entitlements, whether discretionary or ministerial, subject to approval or issuance by the City in connection with the Development of the Property, including, but not limited to, this Development Agreement DA98- 1 (adopted as Ordinance 888 of the City, per City Council action takenDecember 10, 1998), PRECISE PLAN/CONDITIONAL USE PERMIT 98-5 approved by Resolution 98-108, Tentative Tract 428818 approved by City Council resolution 98-108. "Development Plan" means the Current Development Approvals and the Current Land Use Regulations, both of which control Development of the Property, supplemented by the description of the Project as set forth in Exhibit "B", attached hereto. 41:3,16 "Effective Date" means the date this Agreement is recorded by the clerk of the legislative body of the City with the County Recorder, as required by Section 65868.5 of the California Government Code. "Land Use Regulations" means all ordinances; resolutions; codes; rules; regulations; and official policies whether adopted by ordinance, resolution, or otherwise; of the City controlling or regulating any aspect of the Development and use of land, including, but not limited to, the permitted uses of land; the density or intensity of use; subdivision requirements; the maximum height and size of proposed buildings; the reservation or dedication of land for public purposes; sign regulations; zoning covering any subject, including, but not limited to, those subjects listed in Government Code Section 65850; and the design, improvement and construction standards and specifications for Development of the Property. Land Use Regulations does not include any City ordinance, resolution, code, rule, regulation or official policy, governing the conduct of business, professions, and occupations; taxes and assessments; the control and abatement of nuisances; the granting of encroachment permits and the conveyance of rights and interests which provide for the use of or the entry upon public property; or the exercise of the power of eminent domain. "Subsequent Development Approvals" means all Development Approvals required after the Effective Date in connection with the Development of the Property. "Subsequent Land Use Regulations" means any Land Use Regulations adopted and effective after the Effective Date of the Agreement. 2. Bindinp, Effect of Agreement. Development of this Property is hereby authorized and shall be .carried out in accordance with the terms of this Agreement. The Property and Developer are subject to each term, condition and covenant of this Agreement. 3. Ownership of Property. Developer represents that it is the owner of the Property which is the subject of this Agreement. 4. Relationship of the Parties. It is hereby specifically understood and acknowledged that the Project is a private project and that neither City nor Developer will be deemed to be the agent of the other for any purpose whatsoever. City and Developer hereby renounce the existence of any form of joint venture or partnership between them and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making City and Developer joint venturers or partners. 5. Term. The term ("Term") of this Agreement is twenty (20) years from the Effective Date, subject to earlier termination or extension as hereinafter provided. 6. Termination. This Agreement shall be deemed terminated and of no further effect upon mutual consent of the Parties or occurrence of any of the following events: 6.1 Expiration of this Agreement as set forth in Section 5. 6.2 Entry of a final judgment setting aside, voiding or annulling the adoption of the ordinance approving this Agreement. L .. LI �., 413�S�i 6.3 The adoption of a referendum measure overriding or repealing the ordinance approving this Agreement, or overriding or repealing any ordinance, law or Current Land Use Regulation which Developer determines is reasonably necessary to the completion of the Project in accordance with the Development Plan and Developer's budget thereof. 6.4 Termination of the POA or Developer's failure to acquire the Property. 6.5 Termination as provided by Section 65865.1 of the California Government Code or other applicable provisions of law. Upon termination of this Agreement, no Party shall have any further right or obligation hereunder except with respect to: (a) any obligation to have been performed before such termination; (b) any default in performance of the provisions of this Agreement which has occurred before such termination; or (c) any obligations which are specifically set forth as surviving this Agreement. 7. Project Approval and Vesting Rights. Developer shall submit applications for and diligently pursue the processing of such Development Approvals as are required by City's ordinances or policies in connection with the implementation of the Development Plan. 7.1 CEQA Review. The Project implements a land use plan for which full compliance with the California Environmental Quality Act ("CEQA") was certified as City of Palm Desert Resolution 98-108 on November 12 , 1998. Therefore, the provisions of CEQA have been fully met and satisfied. 7.2 Rights to Develop. The City hereby approves the proposed uses of the Property, the density and intensity of use, the maximum height and size of proposed buildings, and provisions for reservation and dedication of land for purposes as set forth in the Development Plan. 7.3 Existing Rules to Govern; Vesting Provision. Subject to the terms, conditions and covenants of this Agreement, Developer is hereby granted a vested right to develop the Project in accordance with the Development Plan, including any conditions of approval associated with the Current Land Use Regulations, during the Term of this Agreement. Such rules and regulations shall continue to apply, notwithstanding the development of the Project as provided herein, to the reconstruction of any Developer Improvements or offsite improvements damaged or destroyed from any cause. Except as otherwise provided in this Agreement, the use designation for the Property, the permitted uses of the Property, the density or intensity of use, the maximum height and size of any proposed buildings and the reservation or dedication of land for public purposes are as set forth in the Development Plan as approved by the City for the Property prior to the Effective Date. As a material inducement to the Developer to continue with diligent efforts to promote the development of the Property as contemplated herein, the City desires to cause all development rights consistent with the General Plan, the Development Plan and this Agreement which may be required to develop the Project to completion to be deemed vested in Developer to the full extent permitted by law. The Developer's decision to commence the development of the Project is based on expectations of proceeding to completion with all land use entitlements vested by virtue of this Agreement. The 4Z:3,s43 City agrees to take all steps reasonably necessary, in a timely manner, to facilitate the review and approval of subdivision, site planning, construction applications and all Subsequent Development Approvals requested by Developer subsequent to the Effective Date with respect to the Project. 7.4 Timing of Development; Extension of Maps. The Parties acknowledge that Developer cannot at this time predict when or the rate at which phases of the Property 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, absorption, completion and other similar factors. City agrees that the Developer, its successors and assigns shall be entitled to proceed with development of the Project at such times as Developer may choose, and that no delays, moratoriums, or general suspension in project development approvals will be imposed by the City on the Property during the term hereof. In addition to and not in limitation of the foregoing, the City agrees that no moratorium or other limitation (whether relating to the rate, timing or sequencing of the development or construction of all or any part of the Project, whether imposed by ordinance, resolution or other action by, in the name of, or on behalf of the City) affecting parcel or subdivision maps (whether tentative, vesting tentative or final), building permits, occupancy permits, utility service and/or utility clearances or other entitlements to use or service portions of the Property (including, without limitation, water and sewer services) approved, issued or granted by the City shall apply to the Project to the extent such moratorium or other limitation is in conflict with this Agreement. Because the California Supreme Court ruled in Pardee Construction Co. v. City of Camarillo (1984) 37 Cal.3d 465, that failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over such parties' agreement, it is the Parties intent to cure that deficiency by acknowledging and providing that Developer shall have the right to obtain all permits (including; without limitation, grading and/or building permits), construct improvements and develop the Project in such order and at such rate and at such times as Developer deems appropriate, within the exercise of its subjective business judgment, and consistent with this Agreement. In order to facilitate the above rights of Developer to develop in accordance with market demand, City agrees that pursuant to the provisions of California Government Code §66452.6(a), the term of tentative maps and/or vesting tentative maps submitted by Developer with respect to any portion of the Property and approved by the City shall be extended beyond the normal expiration period for an additional time to coincide with the Term of this Agreement, including any extensions. 7.5 Finding Related to Palm Desert Municipal Code Section 25.100.020. The City finds that the Project is being developed in conjunction with the Marriott Desert Springs Resort and Spa, as noted in Recital C, above, and that the provisions of Palm Desert Municipal Code Section 25.100.020 requiring that a time-share project shall be developed in conjunction with a five hundred (500) room hotel are thereby satisfied. 7.6 Weekly Facilities Fee. The Developer also agrees, for so long as the Developer shall control the association of timeshare interest owners at the Project (the "Association"), to cause, and from and after the date on which the Developer shall no longer control the Association, to use its best efforts to cause the collection of a $30.00 per week fee for the use of each timeshare interest sold (the "Weekly Facilities Fee"). The Weekly Facilities Fee will be adjusted annually on July I beginning July 1, 1999, using the Consumer Price Index for Los Angeles/Riverside/Orange Counties (March to March). The Weekly Facilities Fee shall be paid to the City on a quarterly basis beginning with the first payment on the first day of the fourth month following the Effective Date of this Agreement. The first payment shall include payment of the Weekly Facilities Fee for the balance of the first month plus the next two months. Thereafter, the Weekly Facilities Fee shall be paid on the first day of each third month for the next three-month period. Provided, however, that the agreement of the Developer to cause or use its best efforts to cause the collection of the Weekly Facilities Fee does not constitute the obligation of the Developer (except to the extent that Developer has purchased a weekly timeshare interest), its successors or assigns to pay the Weekly Facilities Fee, and nothing herein shall be deemed to create an obligation on Developer to pay the Weekly Facilities Fee. 8. Public Works. If Developer is required by the Development Plan or this Agreement to construct any public works facilities or improvement of which will be dedicated to the City or any other public agency upon completion, and if required by the applicable laws to do so, Developer shall perform such work in the same manner and subject to the same requirements as would be applicable to the City or such other public agency should it have undertaken the construction. 9. Regulation by Other Public Agencies. ncies. It is acknowledged by the Parties that other public agencies not within the control of the City possess authority to regulate aspects of the Development of the Property, separately or jointly with the City, and this Agreement does not limit the authority of such other public agencies. 10. Processing of Applications and Permits. Notwithstanding any other provision of this Agreement, the following Subsequent Land Use Regulations and Subsequent Development Approvals shall apply to the Development of the Property: 10.1 Processing of building permits as required by law relating to any specific improvements proposed for the Project pursuant to the applicable provisions of the City's Municipal Code which are in effect on the Effective Date of this Agreement. 10.2 Processing fees and charges usually and uniformly imposed by the City on applicants and projects to cover the estimated actual costs to the City of processing applications for: (a) Development Approvals, including, but not limited to, architectural review; (b) monitoring compliance with any Development Approvals; and (c) monitoring compliance with environmental mitigation measures. City shall diligently process all applications for such permits or other entitlements with respect to the Project and the use of the Property in accordance with this Agreement. 10.3 Procedural regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals and any other matter of procedure. 10.4 Regulations governing construction standards and specifications including, without limitation, the City's Building Code, Plumbing Code, Mechanical Code, Electrical Code, Fire Code, and Grading Code. 413,343 10.5 Regulations which may be in conflict with the Development Plan, but which are reasonably necessary to protect the public health and safety. To the extent possible, any such regulations shall be applied and construed so as to provide Developer with the rights and assurances provided under this Agreement. 10.6 Regulations which are not in conflict with the Development Plan. 10.7 Regulations which are in conflict with the Development Plan provided Developer has given written consent to the application of such regulations to the Development of the Property, which consent may be granted or withheld in Developer's sole and absolute discretion. 11. Assignment. 11.1 Limits on Assignment. No sale, transfer or assignment of any right or interest under this Agreement shall be made to any person or entity which, upon the effective date of the assignment, does not own or operate a resort hotel having 500 rooms or more within the City of Palm Desert. 11.2 Right to Assign. Developer shall have the right to sell, transfer or assign all or any portion of the Property. (provided that no such partial transfer of the Property shall be permitted to cause a violation of Government Code Sections 66410, et seq.) to other individuals or entities during the term of this Agreement, subject to 11.I above. 11.2.1 Concurrently with any such sale, transfer or assignment Developer shall provide the City with an agreement, in a form reasonably acceptable to the City, executed by the purchaser, transferee or assignee, stating that the purchaser, transferee or assignee expressly assumes all the duties and obligations of Developer under this Agreement. 11.2.2 Notwithstanding the failure of any purchaser, transferee or assignee to execute the agreement required by Section 11.2.1, the burdens of this Agreement shall be binding upon such purchaser, transferee or assignee, but the benefits of this Agreement shall not inure to the benefit of such purchaser, transferee or assignee until or unless such agreement is executed. 11.3 Change in Controlling Interest. The change in controlling interest of Developer, or the sale, transfer or assignment of the Property and this Agreement to an entity which is an Affiliate of .Developer (as the term "Affiliate" is defined in Section I hereof) shall not be deemed an assignment for purposes of this Section 11; provided, however, that no such change in controlling interest or sale, transfer or assignment to an Affiliate shall release the original Developer named herein from the obligations and duties hereof unless such release is approved by the City. 12. Review of Compliance. 12.1 Periodic Review. The Director of Community Development or the Planning Commission shall review this Agreement at least once each calendar year during the Term of this Agreement in order to ascertain whether Developer is in compliance with the terms 34 #3 and conditions set forth herein. Within thirty (30) days of receiving a request from the Director of Community Development, Developer shall submit an annual report, in a form acceptable to the Director of Community Development, to the City. 12.2 Special Review. In the event of an alleged default of this Agreement the Director of Community Development or the Planning Commission may order a special review to determine if Developer is in compliance with this Agreement. Said special review shall be conducted by the Director of Community Development or the Planning Commission. 12.3 Procedure for Review. 12.3.1 During any periodic or special review, Developer shall have the burden of proof with respect to and must demonstrate its good faith compliance with the terms of this Agreement. 12.3.2 Upon completion of a periodic or special review, the Director of Community Development or the Planning Commission, as applicable, shall make a determination as to whether Developer has complied in good faith with the terms of this Agreement. If the Director of Community Development or the Planning Commission, as applicable, determines, 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. 12.3.3 If the Director of Community Development or the Planning Commission, as applicable, determines, on the basis of substantial evidence, that Developer has not complied in good faith with the terms of this Agreement, the findings of the Director of Community Development or the Planning Commission, as applicable, shall be submitted to the City Council. 12.3.4 The City Council shall thereafter set the matter for public hearing and shall provide the Developer with at least ten (10) days prior notice of the hearing. Said notice shall contain: (a) the time and place of hearing; (b) a detailed statement of the City's facts and contentions; and (c) such other information as is reasonably necessary to inform Developer of the nature of the claims being asserted by the City. 12.3.5 At the time and place set for hearing, Developer shall be given an opportunity to be heard, to present oral and written evidence and to respond to the contentions of the City. If the City Council finds, based on all the evidence, that Developer has not complied in good faith with the terms of this Agreement, the City Council may, subject to Developer's right to cure (if any) exercise its remedies provided by law, including, without limitation, the right to modify or terminate this Agreement as provided in Government Code Section 65865.1. 12.3.6 If the City Council finds, based on all the evidence, that Developer has complied in good faith with the terms of the Agreement, the City shall, upon the request of Developer, issue a Certificate of Compliance, stating that the Agreement remains in effect and Developer is acting in good faith compliance of its terms. 13. Minor Deviations Not Amendments. The Parties acknowledge that refinement of the Property may require Subsequent Development Approvals and may demonstrate that changes are appropriate and mutually desirable in the Current Development Approvals. In the event that Developer finds that a change in the Current Development Approvals is necessary or appropriate, Developer shall apply for a Subsequent Development Approval to effectuate such change, and the City shall process and act on such application to approve, approve conditionally, or deny, it in accordance with the Current Land Use Regulations, except as otherwise provided by this Agreement. Unless otherwise required by law, a change to the Current Development Approvals shall be deemed "minor" and shall not require an Amendment to this Agreement provided such change does not: 13.1 Alter the permitted uses of the Property in whole or in part; or 13.2 Increase the density or intensity of use above that permitted by underlying zoning of the Property; or 13.3 Increase the maximum height and size of permitted buildings; or I3.4 Constitute a project requiring a subsequent or supplemental environmental impact report pursuant to Public Resources Code Section 21166. Before a minor deviation is implemented, the other Party must be given notice of such contemplated deviation. Deviations which are not consented to by the other Party shall require submission to the amendment process. 14. Modification or Suspension by State or Federal Law. In the event that State or Federal laws or regulations enacted after the Effective Date of this Agreement preempt the Agreement or City's authority to perform hereunder, or the action or inaction of any affected governmental jurisdiction other than City or any instrumentality thereof prevents or precludes compliance with one or more provisions of this Agreement as a matter of law, such provisions shall be modified or suspended as may be necessary to comply with the State or Federal law or regulation. The remainder of the Agreement shall remain in full force and effect to the extent that the Parties agree that it is not inconsistent with such laws and regulations and to the extent that such laws and regulations do not render the remaining provisions impractical to enforce. 15. Vesting Tentative Maps. If any tentative or final subdivision map, or tentative or final parcel map, heretofore or hereafter approved in connection with Development of the Property, is a vesting map under the Subdivision Map Act, Government Code Section 66410, et seq., and if this Agreement is determined by a final judgment to be invalid or unenforceable insofar as it grants a vested right to develop to Developer, then and to that extent the rights and protections afforded Developer under the laws and ordinances applicable to vesting maps shall supersede the provisions of this Agreement. Except as set forth immediately above, Development of the Property shall occur only as provided in this Agreement, and the provisions in this Agreement shall be controlling over any conflicting provision of law or ordinance concerning vested maps. 16. Indemnification. From and after the date that Developer acquires title to the Property, Developer agrees to and shall indemnify and hold City and its agents, officers, servants, employees and contractors harmless from any liability, whatsoever, based or asserted upon any negligent or intentional act or omission of Developer, its officers, agents, employees, subcontractors, and independent contractors for property damage, bodily injury or death to any person (Developer's employees included), or any other element of damage of any kind or nature, relating to or in any way connected with the Property or arising from the activities contemplated hereunder, save and except claims for damages arising through the negligence or willful misconduct of the City. Developer shall defend, at its expense, including attorneys' fees, the City, its officers, agents, employees and independent contractors in any legal action based upon such alleged acts or omissions. The City may in its discretion participate in the defense of any such legal action. The provisions of this Section 16 shall survive the termination of this Agreement. 17. Defense Obligation. From and after the date of the execution of this Agreement, Developer agrees to and shall, at Developer's expense, defend, pay all costs and provide a defense for the City and the City's Redevelopment Agency and their respective agents, officers, servants and employees in any action challenging the validity of this Agreement. The City and the City's Redevelopment Agency may, in their sole discretion, participate in the defense of any such legal action through legal counsel of such City's or Agency's choice at Developer's expense. The provisions of this Section 17 shall survive the termination of this Agreement. 18. Environmental Assurances. Developer shall indemnify and hold the 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, contractors, subcontractors and independent contractors for any violation of any federal, state or local law, ordinance or regulation relating to hazardous or toxic materials, industrial hygiene, or environmental conditions created by Developer or its officers, agents or employees, contractors, subcontractors and independent contractors after the Effective Date on or under the Property, including but not limited to soil and groundwater conditions, and Developer shall defend, at its expense, including attorneys' fees, the City, its officers, agents and employees in any action based or asserted upon any such alleged act or omission. The City may in its discretion participate in the defense of any such action. The provisions of this Section 18 shall survive the termination of this Agreement. 19. Reservation of Rights. With respect to Sections 17 and 18, the City reserves the right to: (a) approve the attorneys) which Developer selects, hires or otherwise engages to defend the City hereunder, which approval shall not be unreasonably withheld or delayed, or (b) .select its own counsel subject to the reasonable approval of Developer. Developer shall reimburse the City forthwith for any and all reasonable expenses incurred for such defense, including attorneys' fees, upon conclusion of any such legal action. 20. Notices. All notices or other communications required or permitted hereunder shall be in writing and shall be either (i) personally delivered (which shall include delivery by means of professional overnight courier service which confirms receipt in writing (such as Federal Express or UPS)), (ii) sent by telecopier or facsimile machine capable of confirming transmission and receipt, along with a true copy sent that same day by regular mail, or (iii) sent by certified or registered mail, return receipt requested, postage prepaid to the following parties at the following addresses or numbers: '11:3,103 If to City: City of Palm Desert City Clerk 73-510 Fred Waring Drive Palm Desert, California 92260 Telephone: (760) 346-0611 Facsimile: (760) 340-0524 with a copy to: Best Best & Krieger LLP Attn: David J. Erwin 39700 Bob Hope Drive, Suite 312 Rancho Mirage, California 92270 Telephone: (760) 568-2611 Facsimile: (760) 340-6698 If to Developer: Marriott Ownership Resorts, Inc. Attn: Vice President Development 6649 Westwood Boulevard, Suite 500 Orlando, Florida 32821 Telephone: (407) 206-6102 Facsimile: (407) 206-6030 with a copy to: Marriott Ownership Resorts, Inc. Attn: Assistant General Counsel 6649 Westwood Boulevard, Suite 500 Orlando, Florida 32921 Telephone: (407) 206-6400 Facsimile: (407) 206-6420 Notices sent in accordance with this paragraph shall be deemed delivered on: (i) the date of delivery as indicated on the written confirmation of delivery (if sent by overnight courier service); (ii) the date of actual receipt (if personally delivered by other means permitted above); or (iii) the date of delivery as indicated on the return receipt if sent by certified or registered mail, return receipt requested. Notice of change of address shall be given by written notice in the manner detailed in this paragraph. 21. Events of Default by Developer. Developer shall be in default under the terms of this Agreement for any of the following reasons: 21.1 Developer's failure to perform any material obligation or provision set forth herein, or failure to comply with any material provision or obligation of the Development Plan. 21.2 Any representation or warranty made herein by Developer proves to have been incorrect in any material respect when made. 21.3 Any sale or transfer of the Property or the Project, or any portion thereof, without compliance with the provisions of' Section I 1 hereof. PII1 ',I 04"'W -107:38617e 1" j 1 '! 1 "3,3 6 21.4 Developer becomes the subject of an order for relief by a bankruptcy court, or is unable or admits its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or Developer applies or consents to the appointment of a receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer (each, a "Security Officer"), or such Security Officer is appointed without the application of or consent of Developer and the appointment continues undischarged or unstayed for ninety (90) days; or the Developer institutes or consents to any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, dissolution, custodianship, conservatorship, liquidation, rehabilitation or similar proceeding relating to it or any part of its property; or any similar proceeding is instituted without the consent of the Developer and continues undismissed or unstayed for ninety (90) days. Notwithstanding any provision of this Agreement to the contrary, Developer shall be deemed to be in default under this Agreement only after the City provides Developer with written notice of default, which notice shall specify the nature of such default, and Developer has not cured the default within ninety (90) days after receipt of the notice of default, or thereafter fails to diligently pursue the cure of such default until completion. 21.5 Events of .Default by City. The City shall be deemed in default in the event of a failure by the City to perform a material term of this Agreement; provided, however, the City shall be deemed in default only after the Developer provides the City with written notice of default setting forth the nature of the default and the actions, if any, required by the City to cure such default and where the default can be cured, the City has failed to take such actions to cure the default within thirty (30) days after the effective date of the notice, or in the event the default cannot be cured within thirty (30) days, the City has failed to continence the actions necessary to cure the default within such thirty (30) day period. 21.6 Remedies. Upon an event of default by either Party, the non -defaulting Party may pursue any remedy at law or in equity available, including termination of or modification of this Agreement. In the event of the termination of this Agreement, all Development Approvals shall terminate except to the extent they would have otherwise vested in Developer by operation of law without this Agreement. In addition to the foregoing remedies, the Parties acknowledge that irreparable harm is likely to occur to the non -breaching Party and damages will be an inadequate remedy. Therefore, to the extent permitted by law, it is expressly recognized that injunctive relief and specific enforcement of this Agreement are proper and desirable remedies. 22. Rights 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 and remedies for the same default or any other default by the other Party. 23, Entire Agreement. This Agreement and the exhibits herein contain the entire agreement between the Parties, and is intended by the Parties to completely state the Agreement in full. Any agreement or representation respecting the matters dealt with herein or the duties of any Party in relation thereto, not expressly set forth in this Agreement, is null and void. 413,16 24. Severability. If any term, provision, condition, or covenant of this Agreement, or the application thereof to any Party or circumstance, shall to any extent be held invalid or unenforceable, the remainder of the instrument, or the application of such term, provision, condition or covenant to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 25. Attorneys' Fees. In the event of any action or proceeding, including an arbitration or a reference pursuant to Section 638, et seq., of the Code of Civil Procedure, brought by either Party against the other under this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys' fees and all fees, costs and expenses incurred for prosecution, defense, consultation, or advice in such action or proceeding. Such fees, costs and expenses shall include fees, costs and expenses incurred on appeal or in collection of any judgments. This provision is separate and several and shall survive the merger of this Agreement into any judgment on this Agreement. 26. Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which constitute one and the same instrument. 27. Encumbrances on Property. 27.1 Discretion to Encumber. The Parties hereto agree that this Agreement shall not prevent or limit Developer, in any manner, at Developer's sole discretion, from encumbering the Property or any portion thereof or any improvements thereon with any mortgage, deed of trust or other security device ("Security Device") securing financing with respect to the Development of the Property. The execution of any Security Device shall not be considered a sale, transfer or assignment for purposes of Section 11. 27.2 Security Device Cooperation. The City acknowledges that the lenders providing Security Devices may require certain modifications, and the City agrees upon request, from time -to -time, to meet with Developer and/or representatives of such lenders to consider any request for interpretation or modification which is consistent with the intent and purposes of this Agreement and which will not diminish in any manner the benefits of this Agreement to the City. 28. Regulatory Device Cooperation. This Agreement shall not prevent or limit Developer, in any manner, at Developer's sole discretion, from obtaining the approval of any regulatory agency necessary to the approval of any sale, transfer or assignment of the Property or interests therein, subject to the terms and conditions of this Agreement. The City acknowledges that governmental authorities and agencies may request certain interpretations and modifications of this Agreement. The City agrees upon request, from time -to -time, to meet with Developer and/or representatives of such governmental authorities to consider any request for interpretation or modification which is consistent with the intent and purposes of this Agreement and which will not diminish in any manner the benefits of this Agreement to the City. 29. School Mitigation. Developer will fulfill all statutory obligations concerning school mitigation fees. 4I;3.10S 30. Covenants. Developer warrants and covenants that it shall abide by and perform all obligations and provisions required herein. 31. Recitals Incorporated. The Recitals to this Agreement are hereby incorporated within this Agreement. 32. Governing Law. The Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. 33. Headings. All section headings and subheadings are inserted for convenience only and shall have no effect on the construction or interpretation of the Agreement. 34. Joint and Several Obligations. If at any time during the Term of this Agreement the Property is owned, in whole or in part, by more than one Developer, all obligations of such Development Agreement shall be joint and several, but the default of any one such Developer shall not be attributed to any other Developer. 35. Time is of Essence. Time is of the essence in the performance of the provisions of this Agreement as to which time is an element. 36. Binding on Successors. The burdens of the Agreement are binding upon, and the benefits of the Agreement inure to the benefit of, all successors -in -interest of the Parties to the Agreement, and constitute covenants which run with the Property. In order to provide continued notice thereof, this Agreement shall be recorded by the Parties. 37. Waiver. Failure by a Party to insist upon strict performance of any of the provisions of this Agreement by the other Party, or the failure by the Party to exercise is rights upon the default of the other Party, shall not constitute a waiver of such party's right to insist and demand thereafter strict compliance by the other Party with the terms of this Agreement. 38. Further Actions. Each of the Parties hereto shall cooperate with and provide reasonable assistance to the other to the extent contemplated in the performance of all obligations under this Agreement and the satisfaction of the conditions of this Agreement. Upon the request of either Party at any time, the other shall promptly execute, with acknowledgement or affidavit if reasonably required, and file or record such instruments and writings and take any actions as may be reasonably necessary under the terms of this Agreement or to evidence or consummate the transactions contemplated by this Agreement. 39. Eminent Domain. No provision of this Agreement shall be construed to limit or restrict the City's power of eminent domain. 40. Agent for Service of Process. In the event that Developer is not a resident of the State of California, or it is an association, partnership or joint venture without a member, partner or joint venture without a member, partner or joint venturer resident within the State of California, or it is a foreign corporation, Developer shall the with the City, upon its execution of this Agreement, a designation of a natural person as its agent for the purpose of serving process in any court action arising out of or based upon this Agreement. Said designation shall include the person's name and residence and business address. "Che delivery to such agent of a copy of any process in any such action shall constitute valid service upon Developer. If service of process of such agent is infeasible for any reason, Developer may be personally served with such process out of this County, and such service shall constitute valid service upon Developer. Developer is amenable to any such process so served. 41. Authority to Execute. The person or persons executing this Agreement warrant and represent that they have the authority to execute this Agreement and warrant and represent that they have the authority to bind the Party on whose behalf they sign. IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the year and date set forth below. City Developer CITY OF PALM DESERT, MARRIOTT OWNERSHIP RESORTS, INC., a municipal corporation a Delawareorporation p i d By: By: _ ROBERT A: IEGE , Ma or Its: Att � ? . By. Its. SHEILA R..O TLIGAT , gffy Clerk Approve s Co'/fu !1; DAVff r IN, City Attorney 41;3,1ig STATE OF CALIFORNIA ) ) ss: COUNTY OF 23&�- ) On LrIr,JIt-) , before me the undersigned, a Notary Public in and for said County and 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. WITNESS my hand and official seal. Notary Pu c coRntxiBl.E D KtAsset Mr�w�� �ooe 41:3Z�i STATE OF CALIFORNIA } ss: COUNTY OF On - j aQg , before me the undersigned, a Notary Public in and for said County and State, personally appeared &BEgEA.Si gfi , personally lmown to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(&.) dare subscribed to the within instrument and acknowledged to me that helshehhey executed the same in hi&gw/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. WITNESS my hand and official seal. Notary Pu lic wu�u,Eaiaxsse+i � oosea 0141we M)VWPU"-fXFQVM1. w # '113,s 03 STATE OF CALIFORNIA ) ) ss: COUNTY OF ?WaS ixws-) OR_Daa_,� t , 14?q g , before me, the undersi ed, a Notary Public in and for said County and State, personally appearedpersonally known to me (or proved to me on the basis of satisfactory evidence) to be the persons) 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. WITNESS my hand and official seal. 1 Pub is is RACH S M KLASSM coW. strsiws M MrPMN4-GWF0r#w► aOWeoacMM wC&tftE* Wn.1%2M X 'I 1;34103 �1: PARCEL A: THE SOUTHWEST ONE -QUARTER OF SECTION 32, TOWNSHIP 4, SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE MERIDIAN, TOGETHER WITH PARCEL 2 OF PARCEL MAP NO. 19504 ON FILE IN BOOK 118, PAGES 98 AND 99 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY RECORDER - SUBJECT TO EXISTING EASEMENTS AND RIGHTS OF WAY OF RECORD. COMPRISING 295.18 ACRES, MORE AND LESS. PARCEL B: THAT PORTION OF SECTION 32, TOWNSHIP 4 SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE MERIDIAN, DESCRIBED AS FOLLOWS: THE SOUTHERLY 362.90 FEET OF PARCEL I OF PARCEL MAP NO. 19504 ON FILE IN BOOK 118, PAGES 98 AND 99 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY RECORDER. PARCEL C: THAT PORTION OF SECTION 32, TOWNSHIP 4 SOUTH, RANGE 6 EAST, SAN BERNARDINO BASE MERIDIAN, DESCRIBED AS FOLLOWS: PARCEL I OF PARCEL MAP NO. 19504 ON FILE IN BOOK 118, PAGES 98 AND 99 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY RECORDER EXCEPTING THEREFROM THE SOUTHERLY 362.90 FEET THEREOF. Exhibit "B" Development Plan for Property BASIC CONFIGURATION The Property designated in Exhibit "A" as the 306 +/- acre "Initial Parcel' shall be developed as a timeshare project comprising approximately 999 two bedroom lockout units (1998 keys), each two bedroom unit being referred to herein as a "Villa". The units will be approximately 1,253 square feet in size. Corridors will be single loaded and the buildings will be a maximum of three stories in height, with an elevator for guest access. AMENITIES The Property shall be developed to include a main pool and several local pools, developed to provide approximately 30 square feet of water area per Villa, a whirlpool spa, and related decking, to be more fully described on the final approved site plan for the Project. The local pool areas will typically include a building with the pool area grill, toilets, and vending equipment. The main amenity will be a golf course of approximately 6,800 yards, along with facilities for a teaching institute and a clubhouse facility. Other amenities shall include a fitness center including health/gym facilities, a sauna, steam room lockers, and toilets. PARKING The following parking shall be provided: 1. Parking shall be provided at a count of 1.1 spaces per Villa of which 1 space per Villa shall be covered. 2. Parking at the sales center shall be provided at a count of 220 spaces. PHASING Developer shall be permitted to phase development of the Project into six (6) "Villages", and Villages are internally phased based on sales demand. The Villages are initially contemplated to have the following number of Villas: Village A, 171 Villas; Village B, 153 Villas; Village C, 135 Villas; Village D, 240 Villas; Village E 102 Villas; Village F, 198. ATTACHED IS SITE PLAN TO PRECISE PLAN/CONDITIONAL USE PERMIT 98-5