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04-036 Tract No 9535 Agreement, Town Center Phase I~~_ TRACT AGREEMENT TRACT PJo. 9535 Town Center Phase I 10251 & 10271 Torre Avenue This AGREEMENT, made and entered i~~to this day of l , 2004 , by and between the CITY OF CUPERTINO, a municipal corporation of the State of California, hereinafter designated as CITY, and Civic Park ~G, LLC, hereinafter designated as DEVELOPER. WITNESSETH WHEREAS, said DEVELOPER desire to subdivide certain land within the City of Cupertino in accordance with the map heretofore filed with the City Council of the City of Cupertino, marked and designated as TRACT No. 9535 Cupertino, California, hereinafter designated as the "Tract"; and WHEREAS, said map shows certain courts, drives and roads which are offered for dedication for public use; and WHEREAS, CITY hereby approves the improvement plans and specifications prepared for the Tract by Kier & Wright, Inc., a true copy of said improvement plans and specifications are on file in the Office of the City Engineer of (:upertino; and WHEREAS, the same are incorporated herein by reference, the same as though set out in full; NOW, THEREFORE, said improvement: plans and specifications shall be hereinafter called the "Plans," and the work to be done under the Plans shall be called the "Work." File No.: 52,339 Page 1 of 10 WHEREAS, pursuant to the provisions o.F this AGREEMENT, the CITY hereby established the amounts of Bonds, Fees, and Deposits as set forth in the following schedule: SCHEDULE OF BONDS, FEES AND DEPOSI'T'S STREET IMPROVEMENT CATEGORY: PART A. Faithful Performance Bond: $168,931.00 PART B. Labor and material Bond: $168,931.00 PART C. Checking and Inspection Fee: $10,136.00 110-4538 PART D. Development Maintenance Deposit: $3,000 110-2211 PART E. Storm Drainage Fee: Basin #3 $1,438.80 pa 215-407 Receipt No. 24337 1/28/04 PART F. One Year Power Cost: $225.00 110-4537 PART G. Street Trees: By Developer PART H. Map Checking Fee: $564.00 nd 110-4539 Receipt No. 24482 2/l 0/04 PART I. Park Fee: Zone III N/A 280-4083 PART J. Water Main Reimbursement: N/A PART K. Maps and/or Improvement Plans: AS SPECIFIED IN ITEM #21 File No.: 52,339 Page 2 of 10 NOW, THEREFORE, IT IS HEREBY MUTUALLY AGREED by and between the parties hereto as follows, TO WIT: L INSTALLATION OF WORK It is further agreed that: A. The DEVELOPER shall install and complete the Work within one (1) year from the date of execution of this AGREEMENT, or such .longer period as may be specifically authorized in writing by the City Engineer. In the event the DEVELOPER fails or refuses to complete the Work within the specified period of time, the CITY at its sole option, shall be authorized to complete the Work in whatever manner the CITY shall decide. In the event the CITY completes the Work, the CITY may recover any and all cost; incurred thereby from the DEVELOPER or the DEVELOPER'S surety or both. B. The DEVELOPER shall install and complete the Work in a good and workmanlike manner in accordance with the Plans as approved by the City Engineer of Cupertino. The Work shall be performed under the inspection and with the approval of the City Engineer. The Work shall be done in accordance with the existing ordinances and resolutions of the City of Cupertino, and in accordance with all plans, specifications, standards, sizes, lines and grades approved by the City Engineer. The Work shall be done in accordance with all State and County Statutes applicable thereto. The decision of the City Engineer shall be final as to whether any material or workmanship meets the standards, specifications., plans, sizes, lines and grades as set forth. C. It is further agreed that the Work shall be done in accordance with the most current Standard Specifications of the Department of Public Works, California Department of Transportation, State of California, and in accordance with the specifications of the Cupertino Sanitary District where applicable. Wherever thc; words "State" or "California Division of Highways" are mentioned in the State Specifications, it shall be considered as referring to the CITY of Cupertino; also wherever the "Director" or "Director of Public Works" is mentioned, it shall be considered as referring to the City Engineer. In case of conflict between the State Specifications and the specifications of the CITY and/or the Cupertino Sanitary District, the specifications of the CITY and/or the Cupertino Sanitary District shall take precedence over and lie used in lieu of such conflicting portions. 2. EXCAVATION PERMIT It is further agreed that the DEVELOPEF: shall comply with Section Three of Ordinance No. 130 of the CITY by obtaining an excavation permit from the City Engineer before the commencement of any excavation in, on, or under the surface of any existing public street, lane, alley, sidewalk, or other public place. It is furthf;r agreed that the DEVELOPER shall notify the City Engineer of the exact date and time when the proposed excavation is to commence. File No.: 52,339 Page 3 of 10 3. QUITCLAIM DEED It is further agreed that the DEVELOPER, when requested by the CITY, shall quitclaim all his rights and interests in, and shall grant to CITY authorization to extract water from the underground strata lying beneath said project and DEVELOPER agrees to execute a "Quitclaim Deed and Authorization" in favor of CITY, when presented to him for signature. 4. BONDS AND OTHER SECURITY A. Upon the execution of the AGREEMENT, the DEVELOPER shall file with the CITY a faithful performance bond to assure his full and faithful performance of this AGREEMENT. The penal sum of said faithful performance bond shall be the full cost of any payment to be made under this AGREEMENT, the value of any land ~igreed to be dedicated, and any improvements to be made under this AGREEMENT. In the event that improvements are to be made under this AGREEMENT, the DEVELOPER shall, in addition to said faithful performance, file with the CITY a labor and materials bond in a penal sum ~idequate to assure full payment of all labor and materials required to construct said improvements. The amount of said bonds shall be as designated by the City Engineer. Said bonds shall be executed by a surety company authorized to transact a surety business in the State of California and must be approved by the City Attorney as to form and by the City Engineer as to sufficiency. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this AGREEMENT, or to make any payment, or any dedication of land, or any improvements herein required, the CITY shall call on the surety to perform this AGREEMENT or otherwise indemnify the CITY for the DEVELOPER'S failure to so do. B. In lieu of a surety bond, the DEVELOPER may elect to secure this AGREEMENT by depositing with the CITY: 1. Cash; or, 2. A cashier's check, or a certified check payable to the order of the City of C Cupertino or, 3. A certificate of deposit, or instrument of credit meeting the requirements of Government Code Section 66499 (b) or (c). C. The amount of said cash, checks, certificate of deposit, or instrument of credit shall be as designated by the City Engineer, and shall be the equivalent to that which would have been required had the DEVELOPER furnished the CITY with a surety bond. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this AGREEMENT, or to make any payment, or any dedication of land, or any improvements herein required, the CITY may apply the proceeds of s;~id security thereto. D. No release of surety bond, cash deposit, check, or certificate of deposit, shall be made except upon approval of the City Council. 1. Schedule for bond and ins~zrance release for paper bonds are as follows: File No.: 52,339 Page 4 of 10 A. Release of 90 percent of the faithful performance bond upon acceptance by City Cou~icil B. Release of the remaining 10 percent of the performance bond at one year from acceptance after all deficiencies have been corrected and in the absence of any cl~iim against such bond. C. Release of the entire labor and material bond at six months from acceptance after all defi~~iencies have been corrected and in the absence of any claim against such bond. D. Liability insurance, provided by the developer to hold the City harmless in the event of liability arising from the project, to be retired at the end of one year if all deficiencies have been corrected and in the absence of any claim against such insurance. 2. Schedule for Bond and Insurance Release for Cash, CD, Set-Aside Letter are as Follows: A. Release of 45% of -bond upon acceptance by City Council. B. Release of additional 45% at six months from acceptance after all deficiencies have been ~;orrected and in the absence of any claim against such bond. C. Release of remaini~lg 10% at one year from date of acceptance after all deficiencies have been corrected and in the absence of any claim against such bond. D. Release of the liability insurance, provided by the developer or contractor to hold the City harmless in the event of liability arising from the subject project, at the end of one year if all deficiencies have been corrected and in the ab:;ence of any claims against such insurance. E. No interest shall be paid on any security deposited with the CITY. 5. CHECKING AND INSPECTION FEE It is further agreed that DEVELOPER sh;~ll pay any and all necessary direct expenses for inspection, checking, etc., incurred by CITY in connection with said Project, and that DEVELOPER shall have deposited with CITY, ~~rior to execution of this AGREEMENT, the amount as set forth herein at Page 2 (Part C). Sr,ould construction cost vary materially from the estimate from which said sum is calculated, the I~ity Engineer shall notify DEVELOPER of any additional sum due and owing as a result thereof. File No.: 52,339 Page 5 of 10 6. MAP CHECKING FEE It is further agreed that the DEVELOPER shall deposit with City, prior to execution of this AGREEMENT, for office checking of final map and field checking of street monuments, in compliance with Section 4:1 of Ordinance No. 47 (Revised 12/04/61) of CITY, the amount as set forth herein at Page 2 (Part H). 7. DEVELOPMENT MAINTENANCE DEPOSIT It is further agreed that the DEVELOPER shall pay to the CITY, prior to execution of this AGREEMENT, the amount set forth herein at Pa;~e 2 (Part D) as a development maintenance deposit to insure proper dust control and cleaning during the construction period. The development maintenance deposit may be utilized for repairs of defects and imperfections arising out of or due to faulty workmanship and/or materials appearing in said work during the period until release of the improvement bonds by the CI'CY. Should the DEVELOPER complete the required repairs to the entire satisfaction of the C'[TY, the unused balance will be returned after the release of the improvement bonds. 8. STORM DRAINAGE FEE It is further agreed that the DEVELOPER shall deposit with the CITY, prior to execution of the AGREEMENT, a storm drainage charge ir.~ connection with said Project in accordance with the requirements established in Resolution 4422, March 21, 1977, in the amount as set forth herein at Page 2 (Part E). 9. ONE YEAR POWER COST It is further agreed that the DEVELOPER. shall pay to CITY prior to execution of the AGREEMENT, the amount as set forth herein at Page 2 (Part F), which amount represents the power cost for street lights for one year. 10. THE INSTALLATION OF STREET TREES It is further agreed that the DEVELOPER. shall, at such time as deemed appropriate by the City Engineer, plant street trees in conformance with the standards of the City of Cupertino. Variety of tree shall be selected from the City approved list. 11. PARK FEES It is further agreed that the DEVELOPER small pay such fees and/or dedicate such land to the CITY, prior to execution, as is required with:~n "Park Dedication Ordinance" Number 602, 1972, and which is further stipulated under Part [, Page 2 herein. Fees are also in accordance File No.: 52,339 Page 6 of 10 with action adopted by the City Council on March 19, 1991, and Section 18-1.602 of the Cupertino Municipal Code. 12. MAINTENANCE OF WORK It is further agreed that the DEVELOPER shall maintain the Work: A. For a period of one (1) year after acceptance of the Work by the City Council of the City of Cupertino, or B. Until all deficiencies in the Work are corrected to conform to the Plans and the CITY standards and specifications for the Work, whichever is the later to occur. The DEVELOPER shall, upon written notice thereof, immediately repair or replace, without cost or obligation to the City of Cupertino, and to the entire satisfaction of said CITY, all defects and imperfections arising out of or due to faulty workmanship and/or materials appearing in said Work. 13. SANITARY DISTRICT It is further agreed that the DEVELOPER shall file with CITY, upon execution of this AGREEMENT, a letter from the Cupertino Sanittiry District stating that the DEVELOPER has submitted plans for review by the District and that sanitary sewers are available to serve all lots within said Project. 14. BUSINESS AND PROFESSIONS CODE It is further agreed that DEVELOPER shall file with CITY, upon execution of this AGREEMENT, substantial evidence that all provisions of Section 11603, Article 8, Chapter 4 of the Business and Professions Code, pertaining to special assessments or bonds, have been complied with. 15. STREET LIGHTING - P.G.and E. RATE SCHEDULE SHALL APPLY It is further agreed that the DEVELOPER shall apply for the installation of electric power for street lighting at the earliest~date possible. 16. PACIFIC GAS AND ELECTRIC/Pt~,CIFIC BELL It is further agreed that the DEVELOPER_ shall pay to Pacific Gas and Electric Company and/or to PACIFIC BELL any and all fees required for installation of overhead and/or underground wiring circuits to all electroliers within said property and any and all fees required for undergrounding as provided in Ordinance Ne. 331 of CITY when DEVELOPER are notified by either the City Engineer or the Pacific Gas an~i Electric Company and/or PACIFIC BELL that said fees are due and payable. 17. EASEMENTS AND RIGHT RIGH7~-OF-WAY It is further agreed that any easement and right-of--way necessary for completion of the Project shall be acquired by the DEVELOPER at their own cost and expense. It is provided, File No.: 52,339 Page 7 of 10 however, that in the event eminent domain proceedings are required by the CITY for the purpose of securing said easement and right-of--way, that the DEVELOPER shall deposit with CITY a sum covering the reasonable market value of the land proposed to be taken and to be included in said sum shall be a reasonable allowance for severance damages, if any. It is further provided that in addition thereto, such sums as may be required for legal fees and costs, engineering, and other incidental costs in such reasonable amounts as the CITY may require shall be deposited with the City of Cupertino. 18. HOLD HARMLESS It is further agreed that, commencing with the performance of the Work by the DEVELOPER or their contractor and continuing until the completion of the maintenance of the Work as provided in Paragraph 13 above, the DEVELOPER shall indemnify, hold harmless and defend the City from and against any or all loss, cost, expense, damage or liability, or claim thereof, occasioned by or in any way whatsoever ;rising out of the performance or nonperformance of the Work or the negligence or willful misconduct of the DEVELOPER or the DEVELOPER'S agents, employees and independent contractors. 19. INSURANCE It is further agreed that: The DEVELOPER shall take out, or shall require any contractor engaged to perform the Work to take out, and maintain at all times during the performance and maintenance of the Work called for or required to be done hereunder, a policy of insurance naming the CITY and members of the City Coun~;il of the City of Cupertino, individually and collectively, and the officers, agents and employees of the City individually and collectively, as additional insured. Said separate policy shall provide bodily injury and property damage coverage to the foregoing named CITY and individuals covering all the Work performed by, for, or on behalf of said DEVELOPER. Both bodily injury and property damage insurance must be on an occurrence basis; and said policy or policies shall provide that the coverage afforded thereby shall be primary coverage to the full limit of liability stated in the declarations, and if the City, its members of the City Council individually and collectively, and the officers, agents, and employees of the CITY, individually and collectively, have other insurance against the loss covered by said policy or policies, that other insurance shall not be called upon to cover a loss under said additional policy. A. Each of said policies of insurance shall provide coverage in the following minimum amounts: For bodily injury, $100,000 each person; $300,000 each occurrence, property damage, $50,000 on account of any one occurrence with an aggregate limit of not less than $200,000. B. The DEVELOPER shall file with the City Engineer at or prior to the time of execution of this AGREEMENT by the DEVELOPER such evidence of said foregoing policy or policies of insurance as shall be satisfactory to s~iid City Engineer. Each such policy or policies shall bear an endorsement precluding the cancellation or reduction in coverage without giving the City Engineer at least ten (10) days advance notice thereof. File No.: 52,339 Page 8 of 10 C. In the event that the project covere~~ herein should be mutually situated in or affect the area of jurisdiction of a separate municipality or political subdivision of the State of California, the policies of insurance required herein and above shall co-name such municipality or political subdivision and the provision set equally apply to municipality and political subdivision. 20. WATER MAIN EXTENSION DEPOSIT The DEVELOPER further agrees to deposit with the CITY those monies required to comply with "Policy on Water Main Extensions Work and Deposits: dated September 9, 1977. The deposit shall be held by the CITY until said monies are needed to implement improvements outlined by the Director of Public Works or improvements outlined within an adopted Water Master Plan. The amount shown herein at PARS[' K, Page 2 shall be the full amount due. 21. MAP AND/OR IMPROVEMENT PLANS It is further agreed that the CITY shall obtain the following map and/or plans at the DEVELOPER' expense: A. A 4 mil mylar and eight (8) prints of fully executed tract map. B. A 4 mil mylar and twelve (12) prints of fully executed improvement plans. C. A scan in CAD format of all executed improvement plans and map. The DEVELOPER agrees to pay the CIT~~ from the development maintenance deposit the cost for all prints of plans and map required under Item 21. 23. TERMS AND CONDITIONS It is further agreed that the above named terms and conditions for the said Tract shall bind the heirs, successors, administrators or assigns of the DEVELOPER. The assignment of this AGREEMENT shall not be made without approval by the City Council of said CITY. File No.: 52,339 Page 9 of 10 IN WITNESS WHEREOF, CITY has caused its name to be hereunto affixed by its Mayor and City Clerk, thereunto duly authorized by reso:~ution of the City Council and said DEVELOPER has hereunto caused his name to be affixed the day and year first above written. CITY OF CUPERTINO: Approved as to form: Mayo i City Attorney City C k DEVELOPER: / / , i~ Civic Park G, LLC Deke Hunter Notary Acknowledgment Required Exhibit A Attached File No.: 52,339 Page 10 of 10 STATE. OF CALIFORNIA ss. COUNTY. OF On ~ ,before me, ~, personally appeared ~ (,n,t'~,I/ , personally known to me -OR- ^ ~~ ROBIN PITMAN ''nn Comm, a 1385184 Y! ` NOTARY PUBLIC • CALIFORNIA Santa Clara County .. ~Y Camm, Expirai Nov. 1B,100A 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/th~;ir 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. SIGNATURE OF NOTARY 1KKS1601250.6 110703-13328001 10 CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to persons relying on the document. ^ INDIVIDUAL ^ CORPORATE OFFICERS(S) Title(s) ^ PARTNER(S) ^ LIMITED ^ GENERAL ^ ATTORNEY-IN-FACT ^ TRUSTEE(S) ^ GUARDIAN/CONSERVATOR ^ OTHER: SIGNER IS REPRESENTING: Name of Person(s) or Entity(ies) ~ UcL ~'~., 1~