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HomeMy WebLinkAboutItem No. 05 2nd Amend Park Implementatio Agreement 24 Acre Park EastlakeText File City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: ID# 19-008 Agenda Date: 2/12/2019 Status: Approval FinalVersion: 1 File Type: AgreementIn Control: City Council / Successor Agency Agenda Number: 5) Page 1 City of Lake Elsinore Printed on 2/7/2019 Page 1 of 2 REPORT TO CITY COUNCIL To:Honorable Mayor and Members of the City Council From:Grant Yates, City Manager Prepared by: Barbara Leibold, City Attorney Date:February 12, 2019 Subject:Second Amendment to Amended and Restated Park Implementation Agreement for 24 Acre Park within the Eastlake Specific Plan Recommendation Staff recommends that the City Council approve the Second Amendment to Amended and Restated Park Implementation Agreement in substantially the form attached and authorize the City Manager to execute the Second Amendment in such final form as approved by the City Attorney. Background The East Lake Specific Plan originally contemplated the development of three parks in connection with the Summerly Project – an expansive 24 acre community park, an adjacent 6.7 acre park site, and an interior 4.8 acre neighborhood park site next to a proposed elementary school. In 2012, the City and the developer forged an agreement that would return the smaller 4.8 acre site to the developer where it would later become the site for the homeowners association’s community center and, critically, the developer also committed to provide a high amenity, turn-key park on the 24 acre park site, constructed over three phases. The phased construction of the 24-acre park along with the resulting park fee credits were addressed in a Park Implementation Agreement that was approved by the City Council on April 10, 2012. In 2015, the City Council approved an Amended and Restated Park Implementation Agreement (“Amended Agreement”). The Amended Agreement included a significantly improved park configuration and allowed the developer to receive up-front conditional park fee credits rather than pay park fees in advance and then seek reimbursement as the phased construction moved forward. In 2018, the Council approved a First Amendment that substituted Van Daele Development Corporation for McMillin Real Estate Services, LP, as the contractor. It also made certain technical changes to the Amended Agreement. Second Amended and Restated Park Implementation Agreement February 12, 2019 Page 2 of 2 Discussion Last year, as the Summerly Park moved towards the development of Phase 3, staff determined that one of the planned amenities (the tennis courts) would likely be underutilized while the other primary amenity in Phase 3 (a dog park) would likely experience very high utilization. Moreover, staff concluded that additional sports field facilities would maximize the community’s use of the park. A concept plan was developed for Phase 3 that eliminates the tennis courts, expands the dog park, and leaves room for development of a future sports field. The developer agreed to these changes provided that the City pay for the increased costs for the expanded dog park and grading (estimated at $110,549). The developer also agreed, upon completion of Phase 3, to pay to the City any savings achieved from the elimination of the tennis courts (estimated at $258,718). The net savings (about $148,169) will go towards the partial funding of a future sports field amenity to be constructed by the City in the Phase 3 area. The proposed changes are memorialized in the attached Second Amendment to Amended and Restated Park Implementation Agreement (“Second Amendment”). Exhibit A-1 changes the timeframe for completion of final park improvements to on or before January 31, 2021.Exhibit C-1 to the Second Amendment shows the redesign of the park with the elimination of the tennis courts and expansion of the dog park. Fiscal Impact The Second Amendment will result in approximately $148,000 being available for future park amenities at Summerly Park. Prepared by: Barbara Leibold, City Attorney Approved by: Grant Yates, City Manager Attachments: 1. Second Amendment to Amended and Restated Park Implementation Agreement 2. First Amendment to Amended and Restated Park Implementation Agreement 3. Amended and Restated Park Implementation Agreement @BCL@D80E6596 SECOND AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT THIS SECOND AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT (“Second Amendment”), dated for reference purposes as of January 1, 2019 is entered into by and between the CITY OF LAKE ELSINORE,a California municipal corporation (“City”), on the one hand, and MCMILLIN SUMMERLY, LLC, a Delaware limited liability company (“Summerly”) and successor in interest to Lang-CP Lake Elsinore, LLC (“Laing”), and VAN DAELE DEVELOPMENT CORPORATION, a California corporation and General Contractor licensed under California law (“Van Daele”) on the other hand, (hereinafter jointly referred to as “Developer”). City and Developer are referred to collectively as the “Parties.” RECITALS A.City, Summerly and McMillin Real Estate Services, L.P. have previously entered into that certain Amended and Restated Park Implementation Agreement dated April 10, 2015 (the “Agreement”), which Agreement was amended by that certain First Amendment to Amended and Restated Park Implementation Agreement dated June 4, 2018 between City, on the one hand, and Summerly and Van Daele (as substitute contractor for McMillin Real Estate Services, L.P.) on the other hand. The Agreement as amended by the First Amendment shall hereinafter be referred to as the “First Amended Agreement.” The First Amended Agreement as amended by this Second Amendment shall hereinafter be referred to as the “Second Amended Agreement.” Unless otherwise defined herein, capitalized terms as used in this Second Amendment shall have the same meaning as the First Amended Agreement. B.The Parties desire to enter into this Second Amendment in order to modify the Design for the construction of the Phase 3 Park Improvements, identify the obligations of the Parties with respect to such modification, establish rights and responsibilities for modification costs and savings, and make necessary changes in the Schedule of Performance. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: 1.Exhibit “A” to the First Amended Agreement, “Multi-Use Park Schedule of Performance and Phasing,” is deleted in its entirety and replaced with Exhibit “A-1” attached hereto and incorporated herein by reference. 2.That portion of Exhibit “C” to the First Amended Agreement comprising the Phase 3 Design is hereby modified by the Phase 3 Design as shown on Exhibit “C-1” attached hereto and incorporated herein by reference. 2 3.Exhibit “E”, the Estimate of Modification Costs and Modification Savings (as those terms are hereinafter defined), attached hereto and incorporated herein by reference, is hereby added to the First Amended Agreement. 4.The following paragraphs are added to Section 2.3 of the First Amended Agreement: Notwithstanding anything to the contrary in the First Amended Agreement, City shall reimburse Summerly for all Modification Costs (as such term is defined below) as set forth in this Section 2.3. For purposes of this Agreement, the term “Modification Costs” means the actual incremental increase in costs incurred by Summerly in connection with the modification of the Design of the Phase 3 Park Improvements, including, without limitation, negotiating and documenting the Second Amended Agreement, preparing and processing the revised Park Improvement Plans, obtaining City’s and EVMWD’s approval, and constructing the modified park amenities, primarily being the elimination of the tennis courts and the modification of the dog park component. The Modification Costs are estimated at approximately $110,549, as reflected in Exhibit “E”. The Modification Costs estimate is subject to adjustment to reflect costs actually incurred, provided however in no event will the Modification Costs exceed the Modification Savings. Payment Requests for reimbursement of Modification Costs may be submitted to the City Manager on a monthly basis following the Date of Agreement. Upon receipt of a Payment Request (and accompanying reasonable documentation), the City Manager shall conduct a review in order to confirm that such request is complete, and if complete, approve payment to Summerly. The City Manager shall promptly notify Summerly of the specific nature of any deficiencies if the request is determined to be incomplete in any respect. For purposes of this Agreement, the term “Modification Savings” means the incremental decrease in costs incurred by Summerly in connection with not constructing certain park amenities, primarily being the deletion of the tennis courts as a park component. The Parties have agreed to rely on Summerly’s budget for Phase 3 and have therefor determined that the Modification Savings is $258,718, as reflected on Exhibit “E”. 5.The following paragraph is added to Section 2.5 of the First Amended Agreement: With respect to delivery of the notice of completion for Phase 3 Park Improvements, within 30 days following City’s confirmation that the Park Improvements are complete and accepted, Summerly shall pay City an amount equal to the Modification Savings. 6.The following paragraph is added to Section 2.7 of the First Amended Agreement: 3 Notwithstanding any provision herein to the contrary, the City shall not be obligated to accept the Phase 3 Park Improvements until the payment for the Modification Savings is received by the City. 7.Except as amended by this Second Amendment the terms, conditions and provisions of the First Amended Agreement shall remain in full force and effect. 8.This Second Amendment shall be effective on the date of execution by the last Party to so execute this Second Amendment (“Effective Date”). [SIGNATURES APPEAR ON NEXT PAGE] 4 IN WITNESS WHEREOF, the parties have executed this SECOND AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT as of the respective date set forth below to be effective as of the Effective Date. Dated: , 2019 “CITY” CITY OF LAKE ELSINORE, a California municipal corporation By: Grant Yates, City Manager ATTEST: By: City Clerk APPROVED AS TO FORM: By: City Attorney Dated: , 2019 “SUMMERLY” McMILLIN SUMMERLY, LLC, a Delaware limited liability company By: PV DEVELOPMENT MANAGEMENT LLC, a Delaware limited liability company, as property manager By: Pacific Ventures Management LLC, a Delaware limited liability company, its Manager By: Name: Title: “VAN DAELE” VAN DAELE DEVELOPMENT CORPORATION, a California corporation By: Name: Title: Exhibit “A-1” – Page 1 EXHIBIT “A-1” MULTI-USE PARK SCHEDULE OF PERFORMANCE AND PHASING 1.Design. Developer shall have submitted final design plans addressing access issues for the design of the Multi-Use Park for consideration by the City. Completed. 2.City approval or disapproval of Definitive Design. City shall approve or disapprove of the revised concept plan. In the event of disapproval, City shall provide a reasonable explanation of the grounds for disapproval. Completed. 3.Submission of Park Improvement Plans pursuant to section 2.2 of the Agreement for Phase 1 and 2. Developer shall submit Park Improvement Plans for Phase 1 and Phase 2 to the City. Completed. 3.1 Submission of Park Improvement Plans pursuant to section 2.2 of the Agreement, as amended, for Phase 3. Developer shall submit Park Improvement Plans for Phase 3 to the City. Within 45 days of approval of the Second Amendment by the City. Exhibit “A-1” – Page 2 4.City approval or disapproval of Park Improvement Plans. City shall process the Park Improvement Plans submitted by Developer consistent with the provision of section 2.2 of the Agreement, as amended, and shall approve or disapprove of the Park Improvement Plans. In the event of disapproval, City shall provide a reasonable explanation of the grounds for disapproval. Completed. Developer to submit modified Park Improvement Plans for Phase 3 Park Improvements per Second Amendment (See 4.1 below) 4.1 City approval or disapproval Park Improvement Plans for Phase 3. City shall process the modified Phase 3 Park Improvement Plans submitted by Developer consistent with the provision of section 2.2 of the Agreement, as amended, and shall approve or disapprove of the modified Park Improvement Plans for Phase 3. In the event of disapproval, City shall provide a reasonable explanation of the grounds for disapproval. Within 30 days of submission by Developer. 5.Resubmission of modified Park Improvement Plans for Phase 3. In the event of disapproval by the City, Developer shall resubmit modified Park Improvement Plans for Phase 3 Within 30 days of disapproval by City. Exhibit “A-1” – Page 3 5.1 City shall approve or disapprove the re-submitted Park Improvements Plans pursuant to 5 above. In the event of disapproval, City shall provide a reasonable explanation of the grounds for disapproval and Developer shall thereafter resubmit revised plans as provided in 5 above until approval is given pursuant to section 2.2 of the Agreement. Within 30 days of re-submission by Developer. 6.Completion of Phase 1 Park Improvements. (Phase 1 Park Improvements comprise 8 ± acres of park along with access as generally shown on Exhibit “C”.) Developer shall have completed Phase 1 of the Park Improvements. Completed. 7.Completion of Phase 2 Park Improvements. (Phase 2 Park Improvements comprise 4± acres of park as generally shown on Exhibit “C”.) Developer shall have completed Phase 2 of the Park Improvements. Completed. 8.Completion of modified Phase 3 Park Improvements. (Modified Phase 3 Park Improvements comprise 12 ± acres of park as generally shown on Exhibit “C-1”.) Developer shall have completed the third Phase of the Park Improvement. On or before January 31, 2021 (subject to Permitted Delays). Exhibit “C-1” –Page 1 EXHIBIT “C-1” DESIGN Exhibit “E” – Page 1 EXHIBIT “E” ESTIMATE OF MODIFICATION COSTS AND MODIFICATION SAVINGS VENDOR SCOPE INCREASE DECREASE PARK WEST NETS $(1,814)$(1,814) BENCH $(2,204)$(2,204) DG $23,959 $23,959 TURF $(8,000)$(8,000) SHRUBS $6,000 $6,000 IRRIGATION $(15,500)$(15,500) DRAINAGE $(4,000)$(4,000) Z BEST 4" CONCRETE $(10,389)$(10,389) 6" CONCRETE $(767)$(767) TENNIS COURT $(137,750)$(137,750) PLEXIPAVE $(18,060)$(18,060) FENCE CORP TENNIS COURT $(60,234)$(60,234) ACE LIGHTING 0 DMC GRADING $53,790 $53,790 HOWARD & ASSOCIATES LANDSCAPE $7,700 $7,700 O'DAY CONSULTANTS CIVIL $8,300 $8,300 KRUSE AND ASSOCIATES ELECTRICAL $800 $800 FSG ATTORNEY $10,000 $10,000 TOTAL ESTIMATED COST/SAVINGS $(148,169)$110,549 $(258,718) $8d402af7f1a2$1F86652B827049CE9F800C83AF7153CE.docx 1 FIRST AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT THIS FIRST AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT (“First Amendment”), dated for reference purposes as of June 4, 2018 is entered into by and between the City of Lake Elsinore, a California municipal corporation (“City”), on the one hand, and MCMILLIN SUMMERLY, LLC, a Delaware limited liability company (“Summerly”) and successor in interest to Lang-CP Lake Elsinore, LLC (“Laing”), and VAN DAELE DEVELOPMENT CORPORATION, a California corporation and General Contractor licensed under California law (“Substitute Contractor”) on the other hand, (hereinafter jointly referred to as “Developer”). City and Developer are referred to collectively as the “Parties.” RECITALS A. City and Developer entered into that certain Amended and Restated Park Implementation Agreement dated April 10, 2015 (the “Agreement”). Unless otherwise defined herein, capitalized terms as used in this First Amendment shall have the same meaning as the Agreement. The Agreement as amended by this First Amendment shall hereinafter be referred to as the “Amended Agreement.” B. Pursuant to that certain Contractor Substitution Agreement dated June 20, 2016, Van Daele Development Corporation was substituted as the Contractor under the Agreement in place of McMillin Real Estate Services, L.P. C. Summerly and City have received questions and requests for clarification by merchant builders acquiring portions of the Summerly Project from Summerly relating to the interpretation of the Agreement. D. The Parties desire to enter into this First Amendment in order to clarify and carry out the provisions of the Agreement. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows: 1. The following subparagraph is added to Section 1.6 of the Amended Agreement: “d. Termination of In Lieu Credits; Issuance of Building Permits. Notwithstanding the foregoing, and except for Permitted Delays under Section 4.8 of the Agreement, in the event Developer fails to complete the Phase III Park Improvements in accordance with the Schedule of Performance and Phasing, but in any event not later than March 1, 2020, un-utilized Conditional In Lieu Credits for Phase III Park Improvements shall be suspended and City may withhold issuance of building DocuSign Envelope ID: CE058C9A-30D4-42DB-A856-00C5DE67BDFD $8d402af7f1a2$1F86652B827049CE9F800C83AF7153CE.docx 2 permits in the Project until such time as (i) the Phase III Park Improvements are completed, or (ii) Developer obtains performance and payment bonds in favor of the City in an amount equal to the estimated cost of the Phase III Park Improvements yet to be completed or such other assurances, including alternative form of security as may be approved by City it its reasonable discretion. All bonds required or permitted under this Amended Agreement shall be in a form satisfactory to City, issued by a corporate surety licensed to transact surety business in the state of California.” 2. The following subsection is added to Section 1 of the Agreement: “Section 1.8. Permitting and Occupancy Building permits issued on the basis of Conditional In-Lieu Credits may not be denied the City’s authorization (building permit sign-off) allowing for occupancy on the basis of a Developer default under this Amended Agreement, including but not limited to a failure to complete construction of the Multi-Use Park Improvements within the time set forth in the Schedule of Performance and Phasing, or an Event of Default.” 3. Section 3.1 of the Agreement is deleted in its entirety and replaced with the following: “Section 3.1. Defaults--General a. Default. Failure or delay by either party to perform, comply with or observe any of the conditions, provisions, terms, covenants or representations of this Amended Agreement constitutes a “default” under this Amended Agreement. b. Notice of Default; Event of Default. An injured party shall give written notice of a default to the party in default, specifying in reasonable detail the default complained of by the injured party. The failure by the defaulting party to cure the default described in the written notice, in the manner specified below, shall constitute an “Event of Default.” Failure or delay in giving notice of default shall not constitute a waiver of any default, nor shall it change the date of default. c. Opportunity to Cure. A defaulting party may cure a default in any of the following manners: (i) by immediately commencing to cure, correct or remedy such default upon receiving notice thereof, and completing such cure, correction or remedy described in the notice within 30 days of receipt thereof; or (ii) in the case of a default not susceptible to cure within 30 days of receipt of the notice, by delivering a detailed written statement of the steps that the defaulting party intends to take to cure the noticed default (a “Cure Plan”) to the injured party, within 25 days of receipt of the notice, acceptable to the injured party in its reasonable business judgment. After delivery of the Cure Plan, the injured party shall thereafter have 5 days to accept, reject, or invite further discussions regarding the Cure Plan. The injured party’s failure to respond within 5 days shall constitute acceptance of the Cure Plan. Each day spent pursuing “further discussions” of the Cure Plan shall not count against the cure period. The Cure Plan shall require the default to be cured in a reasonable time given the DocuSign Envelope ID: CE058C9A-30D4-42DB-A856-00C5DE67BDFD $8d402af7f1a2$1F86652B827049CE9F800C83AF7153CE.docx 3 nature of the default, but in no event longer than ninety (90) days. After acceptance of the Cure Plan, the defaulting Party shall promptly commence to cure, correct, or remedy the default in accordance with the Cure Plan and thereafter diligently prosecute such cure, correction, or remedy to completion. Upon completion of the Cure Plan, the default specified in the written notice is deemed cured; or (iii) in the case of a Developer default for failing to complete the Phase III Park Improvements in accordance with the Schedule of Performance and Phasing, but in any event not later than March 1, 2020 (subject to Permitted Delays), by obtaining performance and payment bonds in favor of the City in an amount equal to the estimated cost of the Phase III Park Improvements yet to be completed or such other assurances, including alternative form of security as may be approved by City it its reasonable discretion. All bonds required or permitted under this Amended Agreement shall be in a form satisfactory to City, issued by a corporate surety licensed to transact surety business in the state of California. c. Pre-requisites to Legal Action. Except as required to protect against further damages, the injured party may not institute legal proceedings against the party in default until an Event of Default has occurred.” 4. Except as amended by this First Amendment the terms, conditions and provisions of the Agreement shall remain in full force and effect. 5. This First Amendment shall be effective on the date of execution by the last Party to so execute this First Amendment (“Effective Date”). SIGNATURES APPEAR ON NEXT PAGE DocuSign Envelope ID: CE058C9A-30D4-42DB-A856-00C5DE67BDFD $8d402af7f1a2$1F86652B827049CE9F800C83AF7153CE.docx 4 IN WITNESS WHEREOF, the parties have executed this FIRST AMENDMENT TO AMENDED AND RESTATED PARK IMPLEMENTATION AGREEMENT as of the respective date set forth below to be effective as of the Effective Date. Dated: , 2018 “CITY” CITY OF LAKE ELSINORE, a California municipal corporation By: Grant Yates, City Manager ATTEST: By: Susan M. Domen, MMC, City Clerk APPROVED AS TO FORM: By: Barbara Zeid Leibold, City Attorney Dated: , 2018 “SUMMERLY” MCMILLIN SUMMERLY, LLC, a Delaware limited liability company By: PV DEVELOPMENT MANAGEMENT LLC, a Delaware limited liability company, as property manager By: Pacific Ventures Management LLC, a Delaware limited liability company, its Manager By: Name: Title: “SUBSTITUTE CONTRACTOR” VAN DAELE DEVELOPMENT CORPORATION, a California corporation By: Name: Title: DocuSign Envelope ID: CE058C9A-30D4-42DB-A856-00C5DE67BDFD VP Brian Milich 6/5/2018 | 11:16 AM PDT6/5/2018 | 11:16 AM PDT Michael C. Van Daele COO