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HomeMy WebLinkAboutOrd. No. 1990-880ORDINANCE NO. 3B~ ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAI~ ELSINORE APPROVING AMENDMENTS TO THE 1980 DEVELOPMENT AGR~EMENT FOR THE TUSCANY HILLS DEVELOPMENT AND MA~NG CERTAIN FINDINGS WITH RESPECT THERETO WHEREAS, the City Council of the City of Lake Elsinore (the "City") has previously certified an environmental impact report No. SCH 79082906 (the "EIR") with respect to the Tuscany Hills Development (the "Project"); and WIiEREAS, Homestead Land Development Corporation (the "Developer~~), as developer of the Project, subsequently entered into consultation with the United States Fish and Wildlife Service regarding a Conservation Plan for Stephens' Kangaroo Rat habitat, to be implemented by a Conservation Agreement among the City, the Developer, and the United States Fish and Wildlife Service (the "Conservation Agreement"~ and an Agreement and Declaration of Covenants, Conditions and Restrictions on Use ("Declaration of Covenants"); and WHEREAS, the City has caused an Addendum to the EIR to be prepared which addresses the technical changes to the - Project associated with the execution, delivery and performance of the Conservation Agreement and Declaration of Covenants, and which addresses the technical changes to the Project associated with the conversion of the Project from a mixed single- and multi-family development to a single-family 3evelopment; and WHEREAS, the Planning Commission has previously reviewed the EIR and the Addendum and has recommended that the City Council (1) certify that the Addendum has been prepared in accordance with the xequirements of the California Environmental Quality Act and the City's CEQA guidelines; (2) approve the Specific Plan for the Project, (3) approve the Conservation Agreement and the Declaration of Covenants and (4) approve amendments to the 1980 Development Agreement for the Project; and WHEREAS, the City Council has reviewed the EIR and the Addendum thereto, each prepared in accordance with the California Environmental Quality Act, and has considered the information contained therein and in the otheT documents referred to therein; and WHEREAS, the City Council has certified the Addendum to the EIR and has made the findings required by Section 15091(a) of the State CEQA Guidelines, attached to Ordinance No. , as Attachment A; and WHEREAS, the City Council is contemporaneously approving the Specific Plan, the Conservation Agreement and the Declaration of Covenants relating to the Project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES ORDAIN THAT: .. . ~, w: _ Section 1: Upon the recommendation of the Planning Commission and based upon the findings adopted previously by the City Council with regard to the approval of the Project, attached to Ordinance No. 879 as Attachment A, the City Council hereby: (1) determines that (a) it is in the best interest of the City to enter into the Amended and Restated 1980 Development Agreement (the "Development Agreement") in the form attached hereto as Exhibit A, (b) the provisions of the Development Agreement are consistent with the City~s General Ylan and (c) the provisions of the Development Agreement are consistent with the Specific Plan proposed by the Developer and approved by the City Council by Ordinance No. 879 ; and (2) approves the Development Agreement and directs the [Mayor] to execute and deliver the Development Agreement on behalf of the City. Section 2: This Ordinance shall take effect thirty - (30) days after the date of its passage, The City Clerk shall certify as to adoption of this Ordinance and cause this Ordinance to be published and posted in the manner required by law. PASSED UPON fIRST READIN~ this 9th day of January, 1990 upon the followin9 roll call vote: AYES: COUNCILP1EP16ERS: BUCK, DOMINf;UEZ, STARKEY, WASHBURN, !dINKLER NOES: COUNCILMEMBER~: NONE ABSENT: COUNCILMEP16ERS: NOME ABSTAIN: COUNCILMEP96ERS: NONE PASSED, APPROVED AND ADOPTED this 23rd day of January, 1990, unon the following roll call vote: AYES: COUNCILMEMBERS: gI1CK, DO^1IPl~UEZ, STARKEY, !~1ASHRIiRN, !~iI~~KLFR NOES: COUNCILMEMBERS: N~~IE ABSENT: COUNCILMEMBERS: PlONE ABSTAIfd: COUNCILMEP4BERS: PJONE ~ JIP1 WINKLER, MAYOR CITY Of LAKE ELSINORE ES1: ~ - - ICK ` YNNE AD, C TY CL CITY OF LAKE SINORE APPROVED AS FORM & LE.r,ALITY: . ,., ,. „ CITY Of LAKE EL STATE OF CALIFORNIA ) £OUNTY OF RIVERSIDE ) SS: EITY OF ~KE ELSINORE ) I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore, DO HEREBY CERTIFY that the foregoing Ordinance had its first reading on January 9, 1990, and had its second reading on January 23, 1990 and was passed by the following.vote: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ABSTAIN: COUNCILMEMBERS: 1NE SAD, CITY CLERK ' C~TY OF LAK ELSINORE (SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE) BUCK, DOMINGUEZ, STARKEY, WASHBURN, WINKLER NONE NONE NONE I, Vicki Lynne Kasad, City Clerk oP the City of Lake Elsinore, DO AEREBY CERTIFY that the above and foregoinq is a full, true and correct copy of Ordinance No. 880 of said Council, and that the same has not been amended or repealed. . January 24, 1990 ~ ~~~~o~ ~~~ ~^ i~lA'",~,-'" - ` ICKI LYNN KASAD, CI`SY CLERK CITY OF T~A:E ELSINORE (SEAL) ~ ,~~ ~_~.s~. ~.~~~~u .o~ zw_, . ~ ~. . ~ .. , ~ 4 DEVELOPMENT AGREEMENT BETWEEN THE CITY OF LAI(E ELSINORE AND HOMESTEAD LAND DEVELOPMENT CORPORATION FOR TUSCANY HILLS DEVELOPMENT 119MSDEV 11/28/89 ~ ~,~~~~z ~..~>*.,. F.~ ~ •?, .._z~, , • .:; ., _: :,.,,... _. ~, ~ ~~ ~_M .~.. .<.~, .. _, ~~ DEVELOPMENT AGREEMENT BETWEEN THE CITY OF LAKE ELSINORE AND HOMESTEAD j~AND DEVELOPMENT CORPORATION FOR TUSCANY HILLS DEVELOPMENT 1• PARTIES AND DATE The parties to this Development Agreement (~~Agreement") are the City of Lake Elsinore, California, a municipal corporation and political subdivision of the State of California ('~City~~), and Homestead Land Development Corporation, a California corporation ("Developer^). The project to which this Agreement applies is commonly known as Tuscany Hills. This Agreement is made and entered into on 2. RECITAIS 2.1 On May 29, 1980, City and Developer's predecessor executed an agreement entitled °Development Agreement~~ pursuant to Government Code Sections 65864, et seq., City of Lake Elsinore Ordinance No. 602, and City of Lake Elsinore Resolution No. 80-13, which Agreement concerned the real property then located in the unincorporated area of the County of Riverside, and which is now located in the city limits of the City of Lake Elsinore, County of 119MSDEV _1_ 11/28/89 .. ~'~~~'~ ~z~ w ~ ~'~a'~~. ; „ ~s ~ ~~ , .. < ......_ ~: -. _ - ~~ Riverside, and which is more particularly described in the attached Exhibit "A", and which Agreement was recorded on October 7, 1982, in the Official Records of Riverside County, at Book 1982, Page 173696. 2.2 On or about December,,1982, for the mutual benefit of the parties, an amendment to the aforementioned Development Agreement was prepared, but not.formally adopted by the parties. 2-3 The parties now wish to completely amend and supercede by this Agreement the Development Agreement and any and all amendments thereto. 2•4 Leaal ~uihority. California Government Code Section 65864 et ses. authorize City to enter into development agreements in connection with the development of real property with City. This Agreement is made and entered into pursuant to those provisions of state law. 2.5 Consistencv findina. By approving and executing this Agreement, the City Council finds that its provisions are consistent with City's General Plan, Tuscany Hills Specific Plan, and all other applicable Existing Land Use Ordinances of City. 2.6 Status of ~roiect. Since May, 1980, various property owners and developers have been in the process of planning, financing and preparing for the Development commo~ly known as Tuscany Hills, a large scale mixed use phased Development of some 2,000 dwellings on 973 acres in the City of Lake Elsinore more 119MSDEV _Z_ 11/28/g9 w'i~~`~~ ' ~:ut~t.,.,.s:r.,ut'+~~nz.t~.,~ ~ ..r..Y:.;.i::~;;~_ . .. .:.:. .. . ... .. . . . ___ ___ _ __ ,". ,. particularly described in City of Iake Elsinore Tuscany Hills Specific Plan and City of Lake Elsinore Tuscany Hills EIR. Additional land uses include schools, open space and recreational uses, including one 35-acre park. Constructing the Tuscany Hills project pursuant to City~s approved specific plan and providing the mitigation set forth in .the Tuscany Hills EIR will require major investment by Developer in public facilities and on-site and off-site improvements. The Development has b'een analyzed and reviewed by City as part of its process of granting development approvals in light of the enacted land use standards an.cl policies of City embodied in its Existing Land Use Ordinances and pursuant to state law, including but not limited to CEQA. 2-7 Consideration. City has determined that entry into this Agreement will further the goals and objectives of City's land use planning policies by eliminating uncertainty in planning for the orderly Development of the Project so that adequate long term plans regarding the provision of necessary infrastructure for existing and future City residents can be developed and implemented. Further, the maximum effective utilization of resources with City will be pursued at the least economic cost to its citizens. City acknowledges that the Project is and shall be considared a single, integrated development project, that each phase of the Project is dependent upon the completion and 119MSDEV _3_ 11/28/89 ' f.9?+' F ~'~ ' ~~ }.-:yY . . . ~~r5cii~~! .,.7'~.. ~. ~~ ~ ,::..~ . . <'?.. , ,. ': ' . ... . . ~ . " occupancy of each other phase, and that the viability of each phase of the Project is and shall be dependent upon the completion and occupancy of each other phase and the full performance of this Agreement. The benefits conferred by Developer herein will facilitate the installation of certain vital public improvements and will help increase traffic capacity for the road system of City, both of which will significantly promote the health, safety and general welfare of existing and future City residents. In exchange for these benefits to City and its residents, Developer wishes to receive the assurances permitted by state law that Developer may proceed to develop the Project in accordance with Existing I,and Use Ordinances, and its existing financial and contractual commitments, and at a rate of development of its choosing, subject to the terms and conditions contained in this Agreement. The assurances provided by City and Developer to each other herein and provided pursuant to and as contemplated by statute, bargained and in consideration for the undertakings of the parties, and are intended to be and have been relied upon by the parties to their detriment. City and Developer agree that the following amenities and improvements being provided by Developer and others as part of the planning, financing and construction of the project will result in substantial general public benefit. The following is a general description o£ those amenities and improvements. The specific requirements are set forth in the Tuscany Hills Specific Plan 119MSDEV _4_ 11/28/89 y~. . . V:d'M+~i+'.&-_i.£ ~. . . . r,,.-. .. . . . .. . ~ a. As part of the Development of the Tuscany Hills project, Developer and others will provide in excess of acres of permanent passive open space, which shall include any portion of any parcel of real property on which a structure has not been constructed, said open space, '" excepting that portion dedicated to the City for park and recreation purposes, to be watered and maintained by an assoc3ation of owners or entities other than City. b. At the option of City, Developer shall dedicate a minimum of thirty-five (35) acres to be located in the southeasterly corner of said site and to be open to public use; or at the option of City, to pay park fees assessed by the City in lieu of said dedication; providing further, that an additional five (5) acres will be dedicated for park and recreation purposes if not required for on site sewer treatment plant. c. Developer shall offer to dedicate a suitable site to the Elsinore Unified School District for school purposes upon terms and conditions agreed upon between Developer and District, said dedication not to exceed eleven (11) acres; provided further, that said terms and conditions provide for two (2) regulation Little League baseball diamonds. 119MSDEV _g_ 11/28/8g ~ _>e'?°&~1'3YM3 ~sMt4:Y..ri+Esrse,.zSZ.?tv.5xk:'~ .., „ et«.d.all:'~t> . . .:.:. .... . ~ . . . . .. .. . d. Developer shall acquire right-of-way if necessary, dedicate to the City an improved said right-of-way as a motor vehicle access from the south end of Developer's property connecting with the Railroad Canyon Road. e. Developer shall provide a recreation center for the owners of living units and their guests and as part of the total design and scheme of development on said nine hundred seventy-three (973) acre site, the sole cost of improvement to be borne by Developer, and the maintenance to be borne by the homeowners~ association. f. Developer shall offer to dedicate to the City one (1) acre for a future fire station site and shall provide a triple A pumper or other equipment in the event the Riverside County Fire Department, now serving the City by contract, so requires Developer, upon the express condition that if and when City organizes and puts into operation a City fire department, said pumper and other equipment, if supplied by Developer, shall be forthwith transferred physically and by title to City. The consideration to Developer for the provision of these special amenities is the consummation o£ this Agreement by City. In consideration for City~s entering into this Agreement and the uses permitted herein, Developer agrees that it will comply with all the conditions oP approval during the time this Agreement is in full force and effect. The parties acknowledge that this 119MSDEV 11/28/89 -6- '6h4.~J+SNSnY-PM~QY{FN ~,P .S ]ST .~` i• .N?~,*4~~`'.fFfSe .... ...:... ~ ~e.r..~.r.,., u..._ ..... . ..... ...~ .,..,_ .. ... Agreement by City is a material consideration for Developer's acceptance of the conditions of approval as specifically set forth herein. 3. DEFINITIONS 3.1 °Agreement^ means this Development Agreement made and entered into by and between the City of Lake Elsinore and Homestead Land Development Corporation in accordance with applicable state law and local regulations. 3.2 °CEQA^ means the California Environmental Quality Act of 1970 (California Public Resources Code Section 21000 et sea.) and the State CE4A Guidelines (California Code of regulations, Title 14, Section 15000 et seg.). 3.3 ~City'~ means the City of Lake Elsinore, including its officials, officers, employees, commissions, committees and boards. 3.4 "City Council° means the duly elected City Council of the City of Lake Elsinore. 3.5 nDeveloper„ means Homestead Land Development Corporation, and its successors in interest to all or any part of the Property. 3.6 ^Development" means the improvement of the Property for the purposes of constructing and otherwise effecting the structures, improvements and facilities comprising the Project as set forth in this Agreement, including but not limited to grading, the construction o£ infrastructure and public facilities related 119MSDEV _~_ 11/28/89 i ~e~.F`x~a?t+.d~r'F4~ ~ n.. }ri_ L1k3'~?6,e wH ~ , r.t.w"~e`:.r'ssti .?.s. . . . . . ~ ., . . . .. ..-. . to the Project (whether located within or outside the Property), the construction of structures and buildings and the installation of landscaping. 3.7 "Development Approval(s)~~ means the Tuscany Hills Specific Plan, as in effect on .the date of this Agreement. 3•8 °Effective Date~~ means the date this Agreement is recorded with the Riverside County Recorder. 3.9 ^EIR^ means an environmental impact report prepared in accordance with the provisions of CEQA. 3.10 "Existing Development Approvals" means the Tuscany Hills Specific Plan as in effect on the date of this :lgreement. 3.11 "Existing Land Use ordinances° means the Specific Plan, as in effect on the date of this Agreement, and, to the extent - applicable and not inconsistent with the Specific Plan, the City's rules, regulations, official policies, taxes and fee programs, including, without limitation, the City's general plan and zoning, subdivision, and building regulations, whether adopted by the City Council or by the voters in an initiative, in effect as of the date of this Agreement. 3.12 ^LAFCO^ means the Riverside County Local Agency Eormation Commission. 3.13 "Project" means the development project, as set forth in the Tuscany Hills Specific Plan, as in eE£ect on the date of this Agreement. 3.14 ^Property" means the real property wl~ich is the subject of this Agreement and de~cribed in Section 4 below. 3.15 "Specific Plan" means the Specific Plan for the Project. 119MSDEV _g_ 11/28/89 ~ > ""~ '~a+~'~'' ~ =~a~.~:~.._..w~ .~ . -.~ ._.. ~.,~~.wi'~a.~..~,.. _ _, r_ .. . . . . . . . . . .. . . .. . . ... _ . ~. _ . . . . . ---_ _____._ \ I , 4. PROPERTY COVERED The property covered by this Agreement is described as Exhibit °A^ attached hereto and incorporated herein by this reference. 5. INTEREST OF CON'fRp,CTING PARTY Developer has the following legal interest in the real property subject to this Agreement and described above in Section 4: Aomestead Land Development Corporation has a legal and equitable interest in the Property consisting of fee simple title. 6. DIIF2ATION OF AGREEMENT 6.1 Schedulinu. Pursuant to Government Code Section 65865.2, the duration of this Agreement shall be for ten (10) calendar years from and after the date of execution of this agreement. Construction of the Project covered by this Agreement~ will be undertaken following receipt of requisite Development Approvals from City. City and Developer acknowledge that Developer cannot at this time accurately predict the time schedule within which the Project will be developed, except that it will be completed within the aforesaid ten (10) year period. Such decisions with respect to the rate of Development of the Project will depend upon a number of circumstances not within the control of Developer, including market factors, demand, the state of the economy, and other matters. Therefore, so long as the Project is constructed in a manner consistent with City~s Existing Land Use Ordinances as at the date of this Agreement and the Tuscany Hills Specific Plan an3 this Agreement, Beveloper shall have the right to construct the Project at'the rate and in the sequence deemed appropriate by Developer within the exercise of its sound business 119MSDEV -g_ 11/28/89 ~~'~.~~+~~~r.s~_. ~x~.~~~ _.<~a° ... _ __ ' - ~_ _ _ _. _ _-, judgment. It is Developer~s present reasonable expectation the Development of the Project will be completed within the term of this Agreement. For purposes of this Agreement, completion of the Project shall mean the date on which a certificate of occupancy or comparable instrument is issued for the last improvement or structure constructed pursuant to this Agreement. Following the expiration of the aforesaid ten (10) year term, this Agreement shall be deemed terminated and of no further force and effect. 6•2 Periodic review. City shall, in accordance with applicable state law, review this Agreement at least once every twelve (12) months from and aiter the Effective Date hereof. During each such periodic review, City and Developer shall have the duty to demonstrate their good faith compliance with the terms and conditions of this Agreement. Both parties agree to furnish such evidence of good faith compliance as may be reasonably necessary or required. City~s failure to review at least annually Developer's compliance with this Agreement shall not constitute or be asserted by either party as a breach of the other party. 6.3 Certification of completion. Promptly upon completion of the Project, Developer will submit a draft letter of completion for City review. Upon review, City shall provide Developer with a letter of completion so certifying. This certification shall be a conclusive determination that the obligation of Developer under this Agreement has been met. The certification shall be in such form as will enable it to be recorded in the Official Records of Riverside County, California. 119MSDEV -10- 11/28/g9 G~...u...si:n,~..5c.,~.:~a.,.:::n;um,,..w.GS.s:oaE:'.a........~ wr,:Y~,...~_ ,. ,.,,_.. ..... . . .. ~ 7.. VESTED RIGHT By entering into this Agreement and relying thereon, Developer is obtaining a vested right to proceed with the Project in accordance with the Development Plan, but subject to any remaining discretionary approvals required in order to complete the Project as contemplated by the Development Plan (which discretion shall be exercised reasonably and in accordance with the the terms of this Agreement). By entering into this Agreement and relying thereupon, City is securing certain public benefits which help to alleviate potential problems in City and enhance the public health, safety and welfare. following: City therefore agrees to the 7.1 No conflictina enactments Neither the City Council of City nor any other agency of City shall enact an ordinance, policy, rule, regulation or other measure applicable to the Project which relates to the rate, timing or sequenting of the development or construction.of all or any apart of the Project or which is otherwise in conflict with this Agreement. 7.2 Intent of narties In addition to and not in limitation of the foregoing, it is the intent of Developer and City 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 and whether or not enacted by initiative or otherwise effecting parcel or subdivision maps, building 119MSDEV 11/28/89 -11- ,.....u ..... , 3,,. ~::'~a v KVI.WA~t, :i.~.na .~ .. . . .,e :... _ . . . . . . . . . .. permits, site development permits, special use permits, occupancy certificates or other entitlements to use approved, issued or granted within City, or portions of City, shall apply to the Project to the extent such moratorium or other limitation is in conflict with this Agreement. Notwithstanding the foregoing, should an ordinance, general plan or zoning amendment, measure, moratorium, policy, rule regulation or other limitation enacted by citizens of City thorough the initiative process be determined by a court of competent jurisdiction to invalidate or prevail over all or any part of this Agreement, Developer shall have no recou:cse against City pursuant to this Agreement, but shall retain all other rights, claims and causes of action at law or in equity which Developer may have independent of this Agreement. The - foregoing shall not be deemed to limit the Developers right to appeal any such determination of such ordinance, general plan or zoning amendment, measure, ploy, rule, regulation, moratorium or other limitation which purports to invalidate or prevail over all or any part of this Agreement. City and Developer agree to cooperate in all reasonable manners in order to keep this Agreement in full force and effect. 8. GENERAL DEVELOPMENT OF THE PROJECT 8.1 Proiect. While this Agreement is in effect, Developer shall have a vested right to develop the Project in accordance with the terms and conditions of this Agreement, and in accordance with, and to the extent of the Development Approvals, but subject 119MSDEV _12_ 11/28/89 s -te~,.s N,.w::~~i .x..,~:,~,.::;:: .~.,..~,~~~: . .. . ~. _ ~ . . . to any remaining discretionary approvals required in order to complete the Project as contemplated by the Development Approvals (which discretion shall be exercised reasonably and in accordance with the terms of this Agreement) and City shall have the right to control the development of the Project in accordance with the terms and conditions of this Agreement. Except as otherwise specified in this Agreement, the Development Approvals shall control the overall design, development and construction of the Project and all on-site and off-site improvements and appurtenances in connection herewith, including, without li~itation, all mitigation measures requireri in order to minimize or eliminate material adverse environmental impacts caused by the Project. The permitted uses of the Property, the density and intensity of use, the maximum height and size of proposed buildings, the provisions for reservation and dedication of land for public purposes and other terms and conditions of development applicable to the Property shall be those set forth in this Agreement. 8.2 Effect_of aareement on land use reaulations. The rules, regulations and official policies governing permitted uses of the Property, the density and intensity of use of the Property, the maximum height and size of proposed buildings and the design, improvement and construction standards and specifications applicable to development of the Property are those rules, regulations and official policies in force as of the Agreement 119MSDEV -13- 11/28/g9 ~ ~~'w`.~. '~'"~±~'``Y~.'< `~1'~4d~~ ~f ~--..:~~„;sz . <. . , . .... . ... . . . .. Date as set £orth in the Tuscany Hills Specific Plan. In connection with any approval which City is permitted or has the right to make under this Agreement relating to the Project,or otherwise under the existing land use ordinances, City shall exercise its discretion or take action in a manner which is as expeditious as possible and which complies and is consistent with the Development Plan and the standards, terms and conditions contained in this Agreement, and in a manner which will not interfere with the development of the a project for these uses and to the height, density and intensity specified in this Agreement or with the rate of development selected by Developer. City shall accept for processing and normal timely review and act on all applications £or further land use entitlement approvals with respect to the project called for or required under this Agreement. Such application shall be processed in the normal manner for processing such matters. 8.3 Administrative chanaes and amendments. The parties acknowledge that refinements and further development of the Project may demonstrate that changes are appropriate with respect to the details and performance of the parties under this Agreement. The parties desire to retain a certain degree of flexibility with respect to the details of the Project development and with respect to those items covered in general terms under this Agreement. If and when the parties find that changes or adjustments are necessary or appropriate, they shall, unless 119MSDEV 11/28/89 -14- ~.~ ~.~„~~ ~~~' r ~.~:;~~~: ~.e..u~ ... _ . _ . _ . ". otherwise required by law, effectuate such changes or adjustments through administrative amendments approved by the City Director of Planning and Community Development, which, after execution, shall be attached hereto as an addenda and become a part hereof, and may be further changed and amended from time to time as necessary, with approval by City and Developer. Any such administrative changes or amendments shall not be deemed to be an amendment to this Agreement under Government Code Section 65868. Unless otherwise required by law, no such administrative amendments shall require prior notice or hearing. Notwithstanding the foregoing,the £ollowing matters shall not be considered administrative changes or amendments, but shall be considered substantive amendments which shall be reviewed by the Planning Commission and approved by the City Council: (a) Alteration of the permitted uses of the Property; (b) Increase in the density or intensity of use or number of lots; (c) Increase in the maximum height and size in permitted buildings; (d) Deletion of a requirement for the reservation or dedication of land for public purposes except for minor boundary adjustments approved by the Planning Director; and (e) Any amendment or change requiring a subsequent or supplemental Environmental Impact Report pursuant to Public Resources Code Section 21366. 119MSDEV 11/28/89 -15- 1«~~.~e..x'G'-' ......s?ou.a2~.rS.n westia}a~han;FS . ~.~H v _ .. .. . ~ 9.1 New rules. This Agreement shall not prevent City from applying the following new rules, regulations and policies: (a) Processing fees and charges imposed by City to cover the estimated actual costs to City of processing applications for development approvals, for monitoring compliance with any development approvals, or for monitoring compliance with environmental impact mitigation measures. (b) Procedural regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearin~s, reports, recommendations, appeals and any other matter of procedure. (c) Regulations governing construction standards and specifications including, without limitation, the City's Building Code, Plumbing Code, Mechanical Code, Electrical Code and Fire Code provided that such construction standards and specifications are applied on a City-wide basis. (d) Regulations which are not in conflict with the Development Approvals or this Agreement. (e) Requlations which are in conflict with the Development Approvals or this Agreement if such regulations have been consented to in writing to by Developer. 9.2 SubseQUent actions and apnrovals. In accordance with Government Code Section 65866, this Agreement shall not prevent City in subsequent actions applicable to tY,e Property from 119MSDEV 11/28/89 -16- .3r~r~§'e~uS~ ~v~+aYN~~i'A+~.~'e~nn^~.Wi ~ s__h2a~f.- -. . ~ ~.. . ~^_ applying new rules, regulations and policies which do not conflict with those existing rules, regulations and policies set forth in the Development Approvals, nor shall this Agreement prevent City from denying or conditionally approving any subsequent development project application on the basis of such existing or new rules, regulations or policies. 9.3 State and federal laws. In the event that State or Federal laws or regulations, enacted after this Agreement is executed, prevent or preclude compliance with one or more of the provisiona of this Agreement, such provisions of this Agreement shall be modified or suspended as may be necessary to comply with such State or Federal laws or regulations; provided, however, that this Agreement shall remain in £ull force and effect to the extent it is not inconsistent with such laws or regulations and to the extent such laws or regulations do not render such remaining provisions impractical to enforce. 10. COOPERATION AND COVENANT OF FURTHER ASSURANCES 10.1 Third nartv actions. Developer and City shall cooperate in defending any action or proceeding instituted by any third party challenging the validity of any provision of this Agreement or any action taken or decision made hereunder. In addition, any court action or proceeding brought by any third party to challenge this Agreement or any other p~rmit or approval required from City or any other governmental entity for Development or construction of all or any portion of the Project covered by this Agreement 119MSDEV 11/28/89 -17- - -';~r~`~t~ x,~r~.~~,~._~ _._ " shall constitute a permitted delay under Section 12. ~~~^ Notwithstanding the foregoing, the filing of any third party '`~ litigatioa against City and/or Developer relating to this ` ,, greement or any provision thereof shall not be a reason to delay or stop the Development, processing or construction of the Project - (including but not limited to the issuance of building permits or 3 certificates of occupancy) unless the third party obtains a court order preventing the activity. City will not stipulate to the issuance of any such court order. - 10.2 Further assurances. Each party covenants on behalf of itself aiZd its successors and assicns to take all actions and do all things, and to execute with acknowledgments or affidavits if ~ required any and all documents and writings that may be necessary.,,, or proper to achieve the purposes and objective of this ~ Agreement. Each party shall take all necessary measures to see ~ that the provisions of this Agreement are carried out in full. ~ 10.3 ProcessinQ. If necessa or re t ='Y quired, upon satisfactory completion by Developer of all required preliminary actions and t payments of appropriate filing and processing fees, if any, City i shall commence and proceed to complete all steps required or necessary for the implementation of this Agreement and the Development by Developer of the Project in accordance with the = Existing Development Approvals. (1) Scheduling, convening and concluding all required public hearing in an expeditious manner consistent with ' 119MSDEV -lg_ 'v 11/28/89 ° ~~. ~,~... ~:~i;;,.......~:~k«u,.; .. ,<~ .:... _,. ~:.~~a . _ . applicable laws and regulations in force as of the Effective Date of this Agreement. (2) Processing and approval of all maps, plans, land use permita, building plans and specifications and other applications for Development Approvals relating to the Development of the Project, filed by Developer. Developer will, in a timely manner, provide City with all documents, applications, plans and other information necessary for City to carry out its obligations hereunder and cause Developer's planners, engineers and all other consultants to submit in a timely manner all required materials and documents therefor. It is the express intent of Developer and City to cooperate and diligently work to implement the Tuscany Hills -- Specific Plan. 10.4 Other aovernmental nermits. In addition, Developer shall apply in a timely manner for such other permits and approvals as are required by other governmental agencies having jurisdiction over the Project in connection with the development of, or provision of services to, the Project. City shall use its best efforts to assist Developer in coordinating the implementation of the Project with such other governmental agencies. City shall cooperate with Developer in its efforts to obtain such permits and approvals and shall, from time to time at the request of Developer, attempt with due diligence and in good faith to enter into binding agreements with any such entity 119MSDEV 11/28/89 -19- , ~. . -.;-.,. ,c,~,..~,~a~.d.~~~~ .~,...'~~;.~: ..~:. . .. ... r° ~ , necessary to assure the availability of such permits and approvals or services, provided such agreements are reasonable and not materially detrimental to City. 10.5 Financina o£ Dvblic facilities and/or services. City and Developer shall in good faith use their best efforts to establish one or more community facilities districts (pursuant to the Mello-Roos Community Facilities Act of 1982 as set forth in Government Code Section 53311 et s~.) and such other assessments, improvement or maintenance districts, as may be appropriate, for the purpose of funding the planning, design, construction and maintenance ~if public facilities, including related fees and the acquisition of land therefor, and/or the provision of public services for the Project. The parties expect that bonds, -- assessments, liens or other such financing devices would be issued or levied to provide suf£icient funds £or the above-mentioned purpose. The parties, however, acknowledge that such public improvements may not be completely financed by said financial mechanism and the City retains the right to establish a maximum tax rate or assessment per parcel/lot or acre. City acknowledges that completion of proceedings to establish one or more public financing districts as discussed above is critical to provide the parties with security for performance by Developer of its obligation to commence and complete construction of major infrastructure. 119MSDEV 11/28/89 -20- ~ a.~_.`~ ~ _,.. ,.. ~,~..,~,~~,~„: .. ... .s<.~-,:. . _.. , --._ _._ _ _ , ~~~ . 10.6 Utilities coordination. City shall use its best efforts to assist Developer in obtaining all electrical, gas, telephone and other necessary utility connect3ons required by the Project. Within a reasonable time after request therefor by Developer, City shall approve all connection and access points for such utilities if in compliance with all applicable ordinances, rules and regulations. 10.7 Covenant of aood faith and fair dealinQ. Except as may be required by law, neither party shall do anything which shall have the effect of harming or injuring the right of the other party to receive the specified and described benefits of this Agreement; each party shall refrain from doing anything which would render 3ts performance under this Agreement impossible or impractical; and each party shall do everything which this Agreement describes that such party shall do. 11. PERMITTED DELAYS Developer shall be excused from performance of its obligations hereunder during any period of delay caused by acts of God or civil commotion; riots, strikes, picketing, or other labor disputes; unavoidable storage of materials or supplies, damage to work in progress by reason of fire, flood, earthquake or other casualty, litigation which prohibits processinq or constructing the Project; initiatives or referenda; moratoria; or unanticipated restrictions imposed or mandated by other governmental entities. Each party shall promptly notify the other party of any delay hereunder as soon as possible after the same has been ascertained, 119MSDEV _zl_ 11/28/89 . ~st.:~ ~.,~.. ~.., u ~a.~.,.. ~.wr,.~ _ __ ~~,.__ ~ ~ and the term of this Agreement shall be extended by the period o£ any such delay. Notwithstanding Section 14.3, any claim for delay must be presented within 30 days of knowledge of the cause of such delat, or any entitlement to time extension shall be deemed waived. 12. ESTOPPEL CERTIFICATES Either party may at any time, and from time to time, deliver written notice to the other party requesting the other party certify in writing that to the knowledge of the certifying party: (1) this Agreement is in full force and effect and is a binding obligation of the parties; (2) this Agreement has not been amended or modified, and, if so amended or modified, to identity the relevant documents; and (3) no default in the performance of the requestinq party~s obligations under this Agreement exists or, if in default, the nature of any default. A party receiving a request hereunder shall execute and return the certificate within thirty (30) days following the receipt thereof. 13. RECORDATION BY CITY CLERR Pursuant to Government Code Section 65868.5, within ten (10) days of City~s execution of this Agreement the City Clerk shall record a copy with the Riverside County Recorder. Thereafter, the burdens of this Agreemen~ shall be binding upon, and the benefits of this Agreement shall inure to, all successors in interest to the parties to this Agreement. 119MSDEV _22_ 11/28/89 . ~ ,.~,,.~ . .. . . .. - _ . ,:,.. . .:-_ . ~ ' 14. DEFAULT 14.1 Events of default. Subject to any written <=~~~sa~cfixaa cm~ time by mutual consent of the parties, and subject ta>t;h~~ provisions of Section 12 regarding permitted delays, ti~i~: i?~,ii31,v~ of either party to perform any material term or proviis;~orz? d~ff' t~3~o~s, Agreement shall constitute default. If such defaultl~g; ~arr~y ~'~c~ not cure such failure within thirty (30) days followi?~gr ca~il~#~.ff~ notice of default from the other party; provided, hew~ver,; ~~a~S: ~~ the nature of the default is such that it cannot be ~u~e~,l ;~a~t?:~ui~~. thirty (30) days, the commencement of a cure within ~3~i~i prarsii~rdt and the diligent prosecution to completion of the cuu~. sikall;I! }t~ deemed to be a cure within such period. Any notice ~~ d~Ya~~: given hereunder shall specify in detail the nature ~fi.; t~1ie: a~l"+71.~~1 default and the manner in which such default may be satisfactorily cured in accordance with the terms asdi¢on~+simza~ of this Agreement. During the time periods herein s~e~i~~~?q~i ~'~~ cure of a failure of performance, the party charged a%+r'a, :~u~.~hi failure of performance shall not be considered to be ia:. d~R~l;;~k for purpose of termination of this Agreement, or fot pu;s,x3s~~;c~ institution of legal proceedings with respect there~,, a~° ~'c~- purposes of issuance of any building or grading per~;L~. ~sr~'.~.~, respect to the Project. 14.2 Remedies. Upon the occurrence of default ~r~-~ ~,:~i!~ section and the expiration non-defaulting party shall the defaulting party as it but not limited to the rig 119MSDEV 11/28/89 of any applicable cure p~.~a~,; ~ have such rights and remesG~~ ar•j;~i~~ may have at law or in equii~':~~{r ~~?'~; zt to terminate this Agrec~rea~:. -23- t~w.dE~z,».aw,....a.Ta:,:~.nh,~~~ x:»,> . E.Aex8SaS3.. E/•• ..:.: . .. ' 14.3 No waiver. Failure by a party to insist upon the strict performance of any of the provisions of this Agreement by the other party shall not constitute waiver of such party~s, right to demand strict compliance by such other party in the future. All waivers must be in writing to be ef£ective or binding upon the waiving party, and no waiver shall be implied from any omission by a party to take any action with respect to such default. No express written waiver of any default shall affect any other default, or cover any other period of time exoept that specified in such express waiver. 14.4 Effect of termination. Termination of this Agreement by one party due to the other party~s default shall not affect any right or duty emanating from City entitlements or approvals on the Project, but the rights, duties and obligations of the partias hereunder shall otherwise cease as of the date of such termination. If City terminates this Agreement because of Developer's default, City shall retain any and all benefits including money or land received by City hereunder. If Developer terminates this Agreement because of City~s default, Developer shall be entitled to a return or a refund of all unused benefits and exactions paid, given or dedicated to City pursuant to this Agreement. 15. ENFORCED DELAY AND EXTENSION OF TIME OF PERFORMANCE In addition to specific provisions of this Agreement, performance by either party herew~der shall not be deemed to be in defauit where delays or defaults are due tc war, insurrection, ~-~ strikes, walk-outs, riots, floods, earthquakes, fires, casualties, acts of God, litigation, referenda, initiatives, moratoria, governmental restrictions imposed or mandated by other governmental entities, enactment of conflicting City, county, state or federal laws or regulations, judicial decisions, or similar basis for excused performance which is not within the reasonable control of the party to be excused. If written notice of such delay is given to either party within thirty (30) days of the commencement of such delay, an extension of time for such cause will be granted in writing £or the period of the enforced d~lay, c~r longer as may be mutually agreed upon. 16. APPLICABLE LAW This Agreement shall be construed and enforced in accordance with the laws of the State of California. 17. NO JOINT VENTURE OR PARTNEgSHIP City and Developer hereby renounce the existence of any form of joint venture or partnership between City and Developer, and expressly 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. It is understood that the contractual relationship between City and Developer is such that Developer is an independent contractor and not an agent of City. Et~rthermore, this Agreement is not intended, or shall it be construed, to create any third party beneficiary rights in any person who is not a party to this Agreement. 119MSDEV 11/28/89 -25- .~~ ,~.-.,~ ~~:~ .,. d - ,.,+s~.~.»:~.,u . _~ _. , . _ 18• ADDRESSES FOR NOTICES Any notice sent to either party under this Agreement shall be in writing and shall be given by delivering the same to such party in person or by sending the same by registered mail, return receipt, with postage prepaid, to the following addresses: City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92330 Attn: City Manager Homestead Land Development Corporation 355 N. Sheridan, Suite 117 Corona, CA 91720 Attn: Vice President With a Copy To: Roger G. Galloway 28 Segura Irvine, CA 92715 19. COVENANTS RUNNING WITH TFIE LAND All of the terms, provisions, covenants and obligations contained in this Agreement shall be binding upon the parties and their respective successors and assigns, and all other persons or entities acquiring all or any portion of the Property, and shall inure to the benefit of such parties and their respective successors and assigns. All the provisions of this Agreement shall be enforceable as equitable servitudes and constitute covenants running with the land pursuant to applicable law, including but not limited to California Civil Code Section 1468. Each covenant to do or refrain from doing some act on the property covered by this Agreement is for the benefit of such property and is a burden upan such property, runs with such property and is binding upon each party and each successive owner during its 119MSDEV _Z6_ 11/28/89 i _.. _ _ _ ~- ~- ~~...~. ,_~._,..._ _ >>.. -. ~_. . ,~ u-• , , . . - ownership of such property or any portion thereof, and shall benefit each party and its property hereunder, and each other party succeeding to an interest in such property. Notwithstanding the foregoing, upon the sale or lease for more than one year of a dwellinq unit or office or commercial or industrial space by Developer to a member o£ the public, but not upon the bulk sale thereof to any person or entity for resale to the public, such residential unit or office, commercial or industrial space shall be automatically released from the terms, provisions, covenants and obligations of this Agreement without the necessity of executing or recording any specific instrument of release. 20. CONSISTENCY FINDING By approving and executing this Agreement, City finds that its provisions are consistent with City's General Plan and with Tuscany Hills Specific Plan, and City further finds and determines. that execution of this Agreement is in the best interests of the public health, safety and general welfare of City~s residents, property owners and taxpayers. 21. TERMS AND CONSTRIICTION 21.1 Severabilitv. If any term, provisions, covenant or condition of this Agreement shall be determined invalid, void or unenforceable by judgment or court order, the remainder of this Agreement shall remain in full force and effect, unless enforcement of this Agreement as so invalidated would be unreasonable or grossly inequitable under all the circumstances, or ~±ould frustrate the stated purposes of this Agreement. 119MSDEV _2~_ 11/28/89 f 21.2 Entire acrreement. This written Agreement contains all the representations and the entire agreement between City and Developer: Any prior correspondence,,memoranda, agreements, warranties or representations are superseded in total by this Agreement. This Agreement shall be construed as a whole according to its common meaning and not.strictly for or against any party in order to achieve the objectives and purposes of the parties hereunder. Whenever required by the context of this Agreement, the singular shall include the plural and vice versa, and the masculine gender shall include the feminine or neutered genders. "Shall" ;~ the mandatory and "may^ is the permissive. 21.3 Sianature ~aaes. For convenience, the signatures of the parties to this Agreement may be executed and acknowledged on separate pages which, when attached to this Agreement, shall constitute this document as one complete Agreement. 21.4 Time. Time is of the essence of this Agreement and of each and every term and condition hereof. 22. CONSENT OF OTI~R PARTIES Developer may, at its discretion, elect to have other holders of legal, equitable or beneficial interests in the Project, the Property or portions thereof, acknowledge and consent to the execution and recordation.of this Agreement by executing an appropriate instrument therefor. It is understood by the parties that the execution of such document by other holders of legal, equitable, or beneficial interest in the Project is not a con3ition prece3ent to this Agreement. 119MSDEV 11/28/89 -28- ~°.~~~.~~ v~:zs~,-~-za~sr%,~s~. ,..,~.. _ ~T~ ' 23. ASSIGNMENT AND NOTICE Developer shall have the right to assign or transfer all or any portiOn of its interest, rights or obligations under this Agreement to third parties acquiring an interest or estate in Project, the Property or portions thereof, including but not limited to purchasers or long-term ground lessees of individual lots, parcels, or any of the building located within the Project, subject to prior written approval of the City Developer shall give prior written notice to the City of its intention to assign or transfer any of its interest, rights or obligations under this Agreement. Any failure by Developer to provide said r.otice shall be curable in accordance with the provisions of Section 15 hereof. The express assumption of any of Developer's obligations under this Agreement by its assignee or transferee shall thereby relieve Developer of any further obligations under this Agreement. Notwithstandinq the foregoing, Developer shall have no obligation whatsoever to provide said notice when it intends to assign an interest in this Agreement in connection with a conveyance or transfer to a bank or other financial institution or corporation for financing purposes of an equitable interest in the Project and/or the Property whether by means of a deed of trust or other instrument. 24. ENCUMBRAACES AND RELEASES ON REAL PROPERTY 24.1 Discretion to encumber. The parties hereto agree that thia Agreement shall not prevent or limit Developer in any manner, at Developer's sole discretion, from encumbering the subject real 119MSDEV _29_ 11/28/89 ~wwsa~tu~.aacmk.~;;~:.;,aa~a.9.k:N:~z , m,.:~".~. ~ . ...... . . ..:... . . . . . : _ . . - ~ -. ~T~ . Property or any portion of any improvement thereon by any mortgage, deed of trust or other security device securing financing with respect to the Property, City acknowledges that the lenders providing such financing may require certain modifications and City agrees, upon request, from time to time, to meet with Developer and/or representatives of such lenders to negotiate in good faith any such request for modification. City further agrees that it will not unreasonably withhold its consent to any such requested modification so long as the modifications do not materially alter this Agreement. 24.2 Entitlement to written notice of default. The mortgagee of a mortgage or beneficiary of a deed of trust, and their successors and assigns, or any mortgage or deed of trust encumbering the property, or any part thereof, which mortgagee, beneficiary, successor or assign has requested notice in writing receive by City, shall be entitled to receive written notification from City of any default by Developer in the perPormance of Developer's obligations under this Agreement which is not cured within thirty (30) days. 24.3 Propertv subiect to nro rata claims. Any mortgagee who comes into possession of the Property, or any part thereof, pursuant to foreclosure of the mortgage or deed of trust, or deed in lieu of such foreclosure, shall take the Property, or part thereof, subject to ar.y pro rata claims for payments or charges against the Property, or part thereof secured by such mortgage 119MSDEV -30- 11/28/89 ,_..~ ~ ,,. ....~,~.y. ;~- ~ ! ' which accrue prior to the time such mortgagee comes into possession of the Property or part thereof. 24.4 Releases. City hereby covenants and agrees that upon completion of the public improvements and payment of all fees required under this Agreement with respect to the Property, or any portion thereof, City shall execute and deliver to the Riverside County Recorder appropriate release or releases of further obligations in form and substance acceptable to the County Recorder or as may otherwise be necessary to effect such release. 25. OPERA'SING MEMORANDA The parties acknowledge that from time to time it may be in the mutual interest of the parties that certain details relative to performance of this Agreement be refined. Therefor, to the extent allowable by law, the parties retain a certain degree of flexibility with respect to those provision covered in general under this Agreement which do not relate to the term, permitted uses, density or intensity of use, height or size of building, provisions for reservation and dedication of land, timing, rate or sequence of development, conditions, terms, restrictions and requirements relating to subsequent discretionary actions, development of public improvements or monetary contributions by Developer or any conditions or covenants relating to the use of the Property. When and if the parties find it necessary or appropriate to make changes or adjustments to such provisions, 119MSDEV 11/28/89 -31- ~v~:~~,~m~~:;=,.~;~:~ ,~.,: w..:;~ . . ._ . they shall effectuate changes of adjustments through operating memoranda in recordable form approved by the parties in writing which reference this Section 25. For purposes of this Section 25, the City Manager or his/her designee upon report to and approval by the City Council, shall have the authority to approve the operating memoranda on behalf of City. No operating memoranda shall require notice or hearing or shall be deemed to constitute an amendment to this Agreement. 26. INSTIT[JTION OF LEGAL ACTION In addition to any other rights or remedies, either party may institute legal action to e•~re, correct or remedy any default, to enforce any covenants or agreements herein or to enjoin any threatened or attempted violation thereof or to obtain any remedies consistent with the purpose of this Agreement. In the event of any such legal action involving or arising out of this Agreement, the prevailing party shall be entitled to recover reasonable litigation expenses, attorneys~ fees and costs incurred. It is understood between the parties that in the event a breach of this Agreement by City occurs, irreparable harm is likely to occur to Developer and damages by be an inadequate remedy. To the extent permitted by law, therefore, it is expressly recognized that specific enforcement of this Agreement. by Developer is a proper and desirable remedy in addition to any and all other remedies which may be available to Developer under law or at equity. 119MSDEV 11/28/8g -32- ~,.:::....-„~,..~..~~w.~..,-~:~.. .. . :.. .,,, . . ..;;; ~,~.~.r~ ~....., _. . i F ' z7• INSURANCE . Developer agrees to and shall hold the City, its officers, agents, employees and representatives harmless from liability for damage or claims for damage for personal injury includinq death and claims for property damage which may arise out of the direct or indirect operation of the Developer or those of their contractors, subcontractors,tagents, employees or other persons acting on their behalf which relate to the Project. Developer agrees to and shall defend the City and its officers, agents, 'employees and representatives from actions for damages caused or alleged to have been caused by reason of Deveioper's activities in connection with the Project. ^This hold harmless agreement applies to all damages and claims for damages suffered or alleged to have been suffered by reason of the operations referred to in this paragraph, regardless of whether or not the City prepared, supplied, or approved plans or specifications or both for the Project and regardless of whether or not the insurance policies referred to below are applicable. Before beginning work on the Project, Developer shall obtain the insurance required under this paragraph and receive the -- approval of City Attorney as to form, content, amount and carrier. Developer shall maintain the insurance durinq the term of this Development Agreement. The insurance shall extend to the City, its elective and appointive boards, commissions, officers, agents, 119MSDEV -33- 11/28/89 ;a~,w~• kr~- ~-~rk ,e~e _,Nx:,;+^- :~~~sr~a5r;w.. : ~ , . . , . . ,..s~..w,.~. ~ , _, , -..1: ., . , H~..,. .: . , . .... . ..... . . .. i employees and representative and to the Developer and each contractor and subcontractor performing work on the Property: 27.1 Compensation Insurance. Developer shall maintain Workers Compensation Insurance for all persons employed at the site of Project. Developer'shall require each contractor and subcontractor similarly to provide Workers Compensation Insurance for their respective employees._ Developer agrees to indemnify the City for damage resulting from the failure to take out and maintain such insurance. 27.2 Public Liabilit and Pro ert Dama e Insurance. Developer shall maintain public liability insurance in an amount not less than One Million Dollars ($1,000,000.00) for injuries (including deathj to any one person and in an amount not less than One Million Dollars ($1,000,000.00) on account of any one ~ occurrence; and property damage insurance in an amount not less than One Hundred Thousand Dollars ($100,000.00) for damage to the property.of each person on account of any one occurrence. // // // // // // // // // 119MSIDEV 11/2~~/g9 -34- . . . ~~rs~~~~ - ... be;.,.,.,.. .. . .. . . . . . . . . f t. Developer shall furnish City before beginning work on the Project with a Certificate o£ Insurance constituting satisfactoxy evidence,of the insurance required and providing that each carrier is required to give the City at least ten days prior written notice by certified mail to City Hall of the cancellation or reduction in coverage of any,policy. DEVELOPER: HOMESTEAD LAND DEVELppNlENT CpRppgATION, a California corporation By: Richard L. Crook, Vice President CITY: CITY OF t,nxF E~=NORE, a municipal corporation and political subdivisior~,;~ the State of CaYif r-~i .; a/V I By: TEST: ~ ity Clerk 119MSIl'aEV 11/28~'89 p~ FFICF~A L SEAL P , ~ VICKI LVNIVE KASAD ; °a • NO7ARY PUCL~~ • CdL1FORNtA " c~.is^~a' ~'/ MYERSIDf COOfiTY hiy comm. er.pires I.IAR 27, 1992 y ..-.. .~ .- -35- .~..ur~~.ww~.~~iY~~a~:s;~ r~;~s.~..^~?+a~ra ,,.._,.,;~:,.. ,.... .... . . . . ~, _. . ~. ~..... . .. , 6 State of California County op ) ss: ) On , 1989, before me, the undersigned, a Notary public in and for said State, personally appeared Richard L. Crook and personally know to me (or proved to me on the basis of satis- factory evidence) to be the persons who executed the within instrument as Vice President and Secretary, on behalP of HOMESTEAD LAND DEVELppMENT CORPORATION, California corporation, the corporation therein named, and acknowledged to me that such'corporation executed the within instruments pursuant to its bylaws or a resolution of its board directors. WITNESS MY FiAND p,ND OFFICIAL SEAL, Notary Public (Seal) STATE OF CAI,IFORNIA ) COUNTY OF ) ss. On this ~~day of undersigned, a Nota ~ ' 1~' z'y Publ in for said appeared _,~(; M(. ~ n1U a r- , personally to me on the basis of satisfactory evidence) executed the with instrument as the Mayor of Elsinore, California, and acknowledged to me Lake Elsinore, California executed it. hand and official seal. ~c"'~ ~~~ 119MS~~EV 11/28~1gg -36- a of before me the State, personally cnown to me (or proved to be the person who the City of Lake that said City of •~~„ OFFT~'"s J, SEAL m NO Ap~PI'.^'~:.~K~~ORDNIA -~ ~' 81VERSID°_ COUNiY `"""' My comm. ezplres PdAR 2), 1992