Loading...
Ordinance No. 1702 ORDINANCE NO. 1702 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING APPLICATION l-DA-95, DEVELOPMENT AGREEMENT BETWEEN THE CITY OF CUPERTINO AND HEWLETT-PACKARD COMPANY THE CITY COUNCIL OF THE CITY OF CUPERTINO DOES HEREBY ORDAIN that Application I-DA-95, Development Agreement between the City of Cupertino and Hewlett-Packard Company, attached hereto and make part hereof by reference, be approved per the following findings: 1. Said development agreement is hereby found to be consistent with the City of Cupertino General Plan, 2, In accordance with Chapter 20,24,030 of the Cupertino Municipal Code, said Development Agreement is hereby found to be compatible with the use authorized in and the regulations prescribed for the Planned Development zoning district in which the real property is located, 3, The Development Agreement is in conformity with, and will promote the public convenience, general welfare and good land use practice, 4, The Development Agreement will not be detrimental to the health, safety and general welfare, 5, The Development Agreement will not adversely affect the orderly development of the property or the preservation of property, 6, The Development Agreement will promote and encourage the development of the proposed project by providing a greater degree of requisite certainty of the entitlements secured thereunder. 7, The project was subject to an Initial Study as required under the California Environmental Quality Act and was found to have no significant impacts upon the environment. 8, After careful consideration of maps, facts, exhibits, testimony and other evidence submitted in this matter, the application for Development Agreement is hereby approved; and Ordinance No, 1702 Page 2 9, The subconclusions upon which the findings specified in this resolution are contained in the Public Hearing record concerning Application l-DA-95 as set forth in the minutes of the Planning Commission meetings of August 7 and September 11, 1995, and are incorporated by reference as though fully set forth herein, THE CITY COUNCIL FURTHER ORDAINS THAT per Chapter 20,36 of the Cupertino Municipal Coed, the Agreement shall be reviewed annually by the Director of Community Development. INTRODUCED at a regular meeting of the City Council of the City of Cupertino this 2nd day of October, 1995, and ENACTED at a regular meeting of the City Council of the City of Cupertino this 6th day of November, 1995, by the following vote: ~ Members of the Ci~ Council AYES: NOES: ABSENT: ABSTAIN: Koppel, Sorensen, Dean Bautista, Burnett None None ATTEST: APPROVED: ~'. Ci~> M,i:jt!i~ RECORDING REQUFSfED BY AND WHEN RECORDED RETURN TO: City of Cupertino City Hall 10300 Torre Avenue Cupertino, California 95014 (SPACE ABOVE LINE FOR RECORDER'S USE ONLY) DEVELOPMENT AGREEMENT BETWEEN THE CITY OF CUPERTINO, a municipal corporation AND HEWLETI-PACKARD COMPANY, a California corporation PAI\311256,Q4 November 6.1995 1. 2, 3, 4, PAl\311256.04 November 6,1995 DEVELOPMENT AGREEMENT TABLE OF CONTENTS Development Of The Property "",."""""""""".,,4 1,1 DevelopmentPlan """"""""",.""",,4 1.2 Present Right to Develop ",..""""""..".,5 1,3 Conditional Use Perrnit Approvals. , , , , , , . , , , , . , " 5 1.4 Cooperation in Obtaining Allocation of Utilities. , , . " 6 1.5 Advance Payrnent of Construction Taxes and Fees. , ,. 6 Effect of Agreement """..""."."""..",',.,",.,' 7 2,1 Supersedure by Subsequent State or Federal Laws or Regulations, , , , , , , , , , , . , , , , 7 2,2 Future Exercise of Discretion by City .,.""".",. 8 Term, , , , , , , , , , , , , , , . , , , , , , , , , , , , , , , . , , , , . , . , , , , . , , .. 8 Developrnent Fees, Assessments, Exactions, and Dedications, , , , , .' 9 5, Standard of Review of Ministerial Permits, , , . , , , , , , , , , , , . . , ,. 9 6, Cooperation in Implementation """""".",."."..," 7, Periodic review, ."",.""""""".,."""..,"',., 7,1 AnnuaIReview.,...""."""""",.",., 7.2 Owner's Submittal """"""."".."".". 7,3 City'sFindings.,."",.""",."",..",." 8, Default and Remedies """"""""",."",.,,',.," 8,1 Default .",.",...""."""..""..,"" 8.2 Remedies""""""""".",,'."""'.' 9, Agreement to Arnend or Terminate "",."".""""",., 10, Mortgagee Protection; Certain Rights of Cure, , , , . , , , , , . , , , . , , 10,1 Mortgagee Protection """""",.."".",., 10.2 MortgageeNotObligated""""""".",.", 10,3 Notice of Default to Mortgagee, , , , , , , , , , . , , , , , , 11. Assignability """,..,..".".",.,.."..,"',.".," 11.1 RighttoAssign """""",.""""","" 11,2 No Release Until Final Inspection. , , , , . . , , , , . , , . , 11.3 Covenants Run With The Land, , , , . . , , , , . , , , , , , PAGE 10 11 11 11 11 12 12 13 13 13 13 14 14 15 15 15 16 12, PA1\311256.04 November 6, 1995 General"""""""""""""""""""""", 12,1 Construction of Agreement, , , , , , ' , , , , , , , , , , , . , , 12,2 NoWaiver""""""",.."""""""" 12,3 Agreement is Entire Agreement, . , , , , , , , , . . , , , , , 12,4 EstoppelCertificate """""""..""""" 12,5 Counterparts ",..",.."""."""",."" 12,6 Severability ,..""""",.."""""""" 12,7 FurtherDocuments .",..."""""""."" 12,8 TirneofEssence"""""",.""""""", 12,9 Attorneys'Fees """"",..""""""".. 12,10 Indemnity """.."..."""."",',.,"" 13, Notice ""."""""",.",.""."".,""',.,"" 1. Development Of The Property ,..."..,."".""""."",4 1.1 DeveloprnentPlan """",.."".,..""".,.4 1,2 Present Right to Develop ".."",."",.,."",5 1.3 Design Use Permit Approvals, . . . , , , , . , , , , , , , , " 5 1.4 Cooperation in Obtaining Allocation of Utilities ",.""""""""".."""".,6 2, Effect of Agreement .,...""""""""",..",""',.. 6 2,1 Supersedure by Subsequent State or Federal Laws or Regulations. . . , , , . , . , , , , , , . ., 6 2,2 Future Exercise of Discretion by City """..""" 7 3, Term, , , . , , , . , , , . , , , , , . . . , , . , , . . . , , , , . . , , , , , , . , , , , , " 7 4, Development Fees, Assessments, Exactions and Dedications. , , , , " 8 5, Standard of Review of Permits "",."""..."".""",.. 9 6, Cooperation in Implementation "".."",.."".""""..9 7, Periodic review, """"""""""",.,"""",.,'" 7,1 AnnualReview,."",..""".""...""., 7,2 Owner'sSubrnittal,."".".."""""""" 7,3 City'sFindings."""""",.."".""",., 8, DefaultandRernedies """""""",."".""".,'" 8,1 Default ,."",.",.,.."""."".,',.".. 8,2 Rernedies"""".""",.""."",.""" 9, AgreementtoAmendorTerrninate .""."".""..""." ii 16 16 16 17 17 18 18 18 18 18 19 19 10 10 10 11 12 12 12 13 10, 11. 12, PA1\31l256.04 November 6. 1995 Mortgagee Protection; Certain Rights of Cure, , , , , , , , , , , , , ' , , , 10,1 Mortgagee Protection ,.""""",.""""". 10,2 MortgageeNotObligated""""""""",." 10,3 Notice of Default to Mortgagee. . , , , , , , . , , , , , . , , Assignability """."""""...",,"""""""'" 11.1 RighttoAssign ".."""""""",.""", 11.2 No Release Until Final Inspection, , , , . . , , , , , , , , , , 11,3 Covenants Run With The Land, , , , , , , , , , . , . , , . , General"..".,."".""""",."""""",...,., 12,1 Construction of Agreement, , , , . . , , , , , , . , , , , , , , , 12,2 NoWaiver,."".""",."""""",."., 12,3 Agreement is Entire Agreement, , , , , , . , , , , , , , . , , 12.4 EstoppelCertificate .""""""""".,."., 12,5 Counterparts """",.""..".".."",.,' 12,6 Severability ,...,.."",."""""".""., 12,7 FurtherDocuments "..""..."",.""".,' 12.8 TirneofEssence..."""""""""",..", 12.9 Attorneys'Fees """..."..".",.,."".,' 12,10 Indemnity""..,."",.""""""".".. 13, Notice """"",.",.,.."",,',.,""""',..,',.. EXHIBITS ExHIBIT "A" LEGAL PROPERTY DESCRIPTION EXHIBIT "B" ILLUSTRATNE "MASTER PLAN" FOR EVENTUAL REHABILITATION AND BUILDING OF THE PROPERTY EXHIBIT "C" GENERAL PLAN DEFINITION OF DEVELOPMENT ALLOCATION iii 13 13 13 14 14 14 15 15 15 15 16 16 16 17 17 17 18 18 18 18 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT ("Agreement") is entered as of this 6th day of November, 1995 ("Effective Date") by and between THE CITY OF CUPERTINO ("City"), a California municipal corporation, and HEWLETT-PACKARD COMPANY ("Owner"), a California corporation, THE PARTIES ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions: A. Section 65864 ~ ~, of the California Government Code authorizes City to establish procedures to enter binding development agreements with persons having legal or equitable interests in real property located within the City for development of the property, B, Chapter 19,116 of the Cupertino Municipal Code, adopted by the City Council ("City Council") of the City in 1984, establishes the authority and procedure for review and approval of proposed development agreernents, c. Owner is the legal owner of the property ("Property") governed by this Agreernent, cornprising an approximately ninety-five (95) acre site located at Wolfe Road and Homestead Road in the City of Cupertino, further described in Exhibit "A", attached hereto and incorporated by this reference, Owner intends eventually to build out a master-planned corporate facility on the Property within the policies and limits governing usable space allocations expressed in the 1993 Cupertino General PAI\311256,O4 November 6,1995 1 Plan ("General Plan"), An illustrative example master plan ("Example Master Plan") for possible eventual rehabilitation and new buildings on the Property is attached hereto as "Exhibit B" and is incorporated by this reference, The "Example Master Plan" is intended to demonstrate only one possible option for developrnent and is not intended to bind Owner or City to present or approve a particular specific master plan, D, Owner has requested tills Agreement in order to vest the land use policies established in the General Plan current as of the Effective Date hereof. This Agreement would authorize Owner to implement, subject to other City land use decisions consistent with the General Plan, a phased, multi-year program ("Project"), of renovating and expanding its current combination of Research and Development, Office and related uses of the Property, Notwithstanding the foregoing, the "additional rnitigated developrnent" of 2,000,000 square feet referred to in General Plan Policy 2-3 (footnote **) is not vested pursuant to this Agreernent or otherwise, E, City and Owner acknowledge that development and construction of the Project is a large-scale undertaking involving major investments by Owner and City, with development occurring in phases over several years, Certainty that the Project can be developed and used in accordance with the GPA will benefit Owner and City, and will provide to both parties a relatively perrnanent plan for developrnent of the Property, in implementation of City's General Plan. F, City is willing to enter tills Agreement, for the reasons enumerated in Cupertino Municipal Code Sections 19,116,010 and 19,116,020, and (i) to elirninate PAI\311256.04 November 6. 1995 2 uncertainty in the comprehensive development planning of large-scale projects in the City, such as the Project; (ii) to secure orderly development and progressive fiscal benefits for public services, improvements and facilities planning in the City; (iii) to meet the goals and objectives of the General Plan; and (iv) to consolidate, for Owner's and City's benefit, several associated uses into a modern, high-prestige research and office complex within the City, at a location well served by regional highways and local thoroughfares, G, City's willingness to enter this Agreernent was a material inducement to Owner to implement the Project within the City of Cupertino, and Owner proposes to enter this Agreement in order to obtain assurance from City that the Project may be developed, constructed, completed and used pursuant to the General Plan, subject to the lirnitations expressed herein, H. On , 1993, the City Council adopted Resolution , certifying that the 1993 General Plan Amendments EIR and the current General Plan policies were adopted in cornpliance with the California Environmental Quality Act ("CEQAoo), I, On September 11, 1995, City's Planning Commission held a dilly noticed public hearing on this Agreernent (i) deterrnined that consideration of this Agreernent complies with CEQA based on certification of a negative declaration; (ii) determined that this Agreement is consistent with the City's General Plan; and (iii) recommended that the City Council approve this Agreement with certain arnendments, PA1I311256.04 November 6, 1995 3 J, On October 2, 1995, the City Council held a duly noticed public hearing on tills Agreernent, deterrnined that consideration of tills Agreement complies with CEQA, found tills Agreement to be consistent with the City's General Plan, and introduced Ordinance No, 1702, approving this Agreement. K. On Novernber 6, 1995, the City Council adopted Ordinance No, 1702, enacting this Agreernent. NOW, THEREFORE, pursuant to the authority contained in Section 65864 !tl~, of the California Government Code and Chapter 19,116 of the Cupertino Municipal Code, and in consideration of the mutual covenants and promises of the parties, the parties agree as follows: 1. Develqpment Of The Propert;y, 1.1 Development Plan. Owner shall have the right to develop the Property in accordance with the provisions of this Agreement. The perrnitted uses of the Property, the range of density and intensities of use, the range of heights and sizes of the proposed buildings, the development schedules and the general provisions for reservation or dedication of land for public purposes or fees in lieu thereof shall be as provided in the General Plan as of the Effective Date of tills Agreement; provided, however, that future implementation of the Project will be subject to other discretionary approvals by City willch would establish the precise density and intensity of use, the precise heights, locations, sizes of buildings and traffic rnitigation measures, Notillng contained herein shall restrict City's discretion to amend, approve or conditionally approve Project features consistent with the PAl\311256.04 November 6,1995 4 General Plan, Nothing contained herein shall restrict City's discretion to approve densities, intensities of use, height and size of proposed buildings which would be less than the maxirnum allowed in the General Plan for the Property, 1.2 Present Right to Develop, Subject to the provisions of this Agreement, City hereby grants to Owner the present vested right to develop and construct all improvements comprising the Project in accordance with the policies and developrnent density regulations set forth in the General Plan, The policies and development density calculations which shall apply to the Property are set forth and incorporated herein as Exhibit "e", including 50,000 square feet from the "non- designated pool" described in Policy 2-3 (Strategy 3) of the General Plan, but excluding the vesting of any portion of the 2,000,000 square feet of additional rnitigated developrnent referred to in General Plan Policy 2-3 (footnote **), No future modifications of the Cupertino General Plan, Municipal Code, ordinances, policies or regulations which purport to (i) limit the range, rate or amount of possible development of the Project; or (ii) impose new fees, exactions or moratoria upon developrnent, occupancy or use of the Project other than as provided in the General Plan and this Agreement, shall apply to the Project. Nothing stated herein, however, shall prevent or preclude City frorn adopting any General Plan amendments, zoning measures or other land use regulations which are consistent with the General Plan and the terms of this Agreement. 1.3 Conditional Use Permit Approvals. Notwithstanding any other provision of this Agreement to the contrary, Owner's right to develop and improve PA1\311256.04 November 6,1995 5 the Project shall be subject to conditional use perrnit approval pursuant to the policies, regulations, and ordinances ("Land Use Regulations") in effect as of the Effective Date, provided that the Land Use Regulations applicable to the Project shall be consistent with the General Plan and shall not be applied so as to delay umeasonably, prevent or hinder implernentation of the Project pursuant to the General Plan, Owner's rights hereunder also shall be subject to Owner's compliance with all reasonable conditions of approval imposed consistent with General Plan policies and also consistent with the public health, safety, and welfare, The parties hereby agree that the General Plan policies shall govern the design and scope of all on-site and off-site improvernents to be constructed for the Project including street widths and dedications and traffic and air quality rnitigation rneasures, 1.4 Cooperation in Obtaining Allocation of Utilities, City shall cooperate with Owner in obtaining and reserving frorn the appropriate utility companies the allocation of sufficient utilities, including electricity, gas, water and sewerage service capacity and facilities, for development of the Project in accordance with the terms hereof throughout the Terrn of this Agreement (defined in Section 3 below), 1.5 Advance Payment of Construction Taxes and Fees. In order to secure for City the econornic benefits of new construction on the Property as early as is practicable, Owner shall pay to City, within thirty (30) days after the Effective Date, the sum ("Advance Payment") of Two Hundred Twenty Thousand Dollars ($220,000). The Advance Payment shall be nomefundable, and shall be applied as a PAl\311256.04 November 6,1995 6 non-interest bearing deposit against the total fees, taxes and other payrnents due from Owner to City upon Owner's applications ("Permit Applications") to demolish or construct new buildings on the Property, If the Advance Payment is less than the total fees due upon Owner's Perrnit Applications, the amount of the Advance Payment shall be credited against the total payment due, If the Advance Payrnent is more than the fees due upon Owner's initial Perrnit Applications, the remainder of the Advance Payment shall be credited against the amounts due upon Owner's subsequent Perrnit Applications," 2. Effect of Agreement. 2.1 Supersedure by Subsequent State or Federal Laws or Re&lliations. If state or federal laws or regulations enacted after the Effective Date are inconsistent with the General Plan or the provisions of this Agreernent, this Agreernent shall be deemed modified or superseded to the extent necessary to cornply with the new state or federal laws or regulations, Notwithstanding any provision of this Agreement to the contrary, City may exercise its discretion to impose conditions upon any development approval for the Project which will enable the City to comply with any federal or state law, regulation, or mandate which is in effect at the time the approval is sought, provided that the conditions irnposed (1) are necessary to comply with any federal or state law, regulations or rnandate which is in effect at the time the approval is sought; and (2) is necessary to protect against a substantial threat to the City's health, safety and welfare, Owner shall have the right to challenge, in a court of competent jurisdiction, the law or regulation preventing compliance with the terms PAI\311256.04 November 6, 1995 7 of this Agreement and, if the challenge is successful, this Agreement shall remain unmodified and in full force and effect. 2.2 Future Exercise of Discretion by City, This Agreement shall not be construed to lirnit the authority or obligation of City to hold convenient or necessary public hearings, to conduct all analyses required by CEQA, the State Planning Act, the Subdivision Map Act, City ordinances or any other applicable federal, state or local law or regulation, Furthermore, this Agreement does not lirnit the discretion of City or any of its officers or officials with regard to rules, regulations, ordinances or laws which require the exercise of discretion by any of its officers or officials, provided that the discretionary decisions reached are consistent with the General Plan and this Agreernent. 3. Term. The terrn ("Term") of this Agreement shall commence on the Effective Date, thirty (30) days after enactment of this Agreernent, and shall automatically expire five (5) years after the Effective Date, unless Owner commences construction of new structures on the Property, cornprising a rninirnum of ninety thousand (90,000) square feet of net usable space, before the fifth (5th) anniversary of the Effective Date, In that event, the Term shall be autornatically extended until the tenth (10th) anniversary of the Effective Date, If Owner comrnences construction of new structures on the Property comprising at least two hundred fifty thousand (250,000) square feet of net usable space at any time before the tenth (10th) anniversary of the Effective Date, then the Term of this Agreernent shall be autornatically extended and shall expire on the twentieth (20th) anniversary of the PAlI31l256.04 November 6.1995 8 Effective Date, As used herein, the phrase "commence construction" means filing with the City an application for issuance of a building permit or perrnits, "Net usable space" means cumulative additional floor area, as defined in the Land Use Regulations and General Plan, after deducting the floor area of demolished structures on the Property, Notwithstanding any other provision of this Agreement, the autornatic extensions of the Term of this Agreement shall lapse and be corne void within further action by City if as to any building perrnit issued hereunder, Owner does not request final inspection from the City within eighteen (18) months after building permit issuance, or within such additional discretionary extensions of time as are provided for in the Land Use Regulations, 4, Development Fees. Assessments. Exactions. and Dedications. All Citywide fees, assessments, dedication forrnulae and taxes payable in connection with the development, buildout, occupancy and use of the Project pursuant to this Agreement shall be those applicable to all sirnilar developments in the City at the tirne of issuance of Project building permits, No new Project-specific fee, assessment, exaction or required dedication policy, not in effect on the Effective Date, shall be imposed on the Project, unless it is imposed uniformly on all sirnilar types of developrnent Citywide, This Agreement does not preclude irnposition of new or increased fees or taxes on the Project subsequent to the Effective Date, provided that the fees or taxes shall be imposed or increased on a Citywide basis, 5, Standard of Review of Ministerial Permits. All ministerial perrnits ("Permits") required by Owner to develop the Property, including (i) road PA1\311256.04 November 6,1995 9 construction permits; (ii) grading permits; (iii) building perrnits; and (iv) certificates of occupancy, shall be issued by City after City's review and approval of Owner's applications therefor, provided that City's review of the applications is limited to determining whether the following conditions are met: (a) The application is complete and includes payrnent of all applicable fees; (b) The application complies with all federal and state requirements norrnally administered by City; and (c) The application demonstrates that Owner has complied with the General Plan and the applicable Land Use Regulations. 6, Cooperation in Implementation. City shall cooperate with Owner in a reasonable and expeditious manner, in cornpliance with the deadlines mandated by applicable statutes or ordinances, to cornplete all steps necessary for implernentation of this Agreernent and development of the Project in accordance herewith, in particular in perforrning the following functions: (a) Scheduling all required public hearings by the City Council and Planning Cornrnission; and (b) Processing and checking all rnaps, plans, land use perrnits, building plans and specifications and other plans relating to development of the Project filed by Owner or its nominees, Owner, in a timely manner, shall provide City with all documents, applications, plans and other information necessary for the City to carry out its PAl\311256.04 November 6,1995 10 obligations hereunder and to cause its planners, engineers and all other consultants to submit in a timely manner all necessary materials and documents, It is the parties' express intent to cooperate with one another and to diligently work to irnplement all land use and building approvals for development of the Project in accordance with the terms hereof, 7, Periodic review. 7,1 Annual Review, City and Owner shall review all actions taken pursuant to the terms of this Agreernent once annually, within sixty (60) days before the anniversary of the Effective Date, during each year of the Term unless the City and Owner agree in writing to conduct the review at another time, 7.2 Owner's Submittal, Within ninety (90) days before each anniversary of the Effective Date, Owner shall subrnit a letter ("Compliance Letter") to the City Planning Director describing Owner's compliance with the terms of this Agreement during the preceding year. The Compliance Letter shall include a statement that the Compliance Letter is submitted to City pursuant to the requirernents of Government Code Section 65865,1 and of City's Municipal Code, 7.3 Ci1;y's Findings, Within sixty (60) days after receipt of the Compliance Letter, the Planning Director shall deterrnine whether, for the year under review, Owner has demonstrated good faith substantial compliance with the terms of this Agreement. If the Planning Director finds and determines that Owner has complied substantially with the terrns of this Agreement, or does not determine otherwise within sixty (60) days after delivery of the Compliance Letter, the annual PAl\311256.04 November 6,1995 11 review shall be deemed concluded and this Agreement shall rernain in full force and effect. Upon a determination of cornpliance, the Planning Director shall issue at Owner's request a recordable certificate confirrning Owner's compliance through the year(s) under review, Owner may record the certificate with the Santa Clara County Recorder's Office, If the Planning Director initially deterrnines the Compliance Letter to be inadequate in any respect, he or she shall provide written notice to that effect to Owner. If after a duly noticed public hearing thereon the City Council finds and determines, on the basis of substantial evidence, that Owner has not complied substantially in good faith with the terms of this Agreernent for the year under review, the City Council shall give written notice thereof to Owner specifying the non-cornpliance. If Owner fails to cure the non-cornpliance within !i reasonable period of time established by the City Council, the City Council, in its discretion, may a) grant additional tirne for Owner's cornpliance, or, following a public hearing on the matter, modify this Agreement to the extent necessary to remedy or rnitigate the non-cornpliance, or b) terrninate this Agreement. Except as affected by the terrns hereof, the terms of Cupertino Municipal Code Chapter 19,116 shall govern the compliance review process to be followed by City, 8. Default and Remedies.' 8,1 Default. Failure by either party to perform any rnaterial term or provision of this Agreement shall constitute a default hereunder, provided that the party alleging the default shall have given the other party advance written notice thereof and sixty (60) days within which to cure the condition or, if the nature PA1\311256.04 November 6, 1995 12 thereof is such that it cannot be cured within that tirne, the party receiving notice shall not be in default hereunder if the party commences to perform its obligations within the sixty (60) day period and thereafter diligently completes performance, Written notice shall specify in detail the nature of the obligation to be performed by the party receiving notice, 8.2 Remedies, Upon City's material default, Owner shall have all of the remedies available to Owner under California law, including the option to institute legal proceedings to specifically enforce, rescind or reform this Agreement. Upon Owner's material default in its obligations set forth in Section 6 hereof, City shall be entitled to initiate legal proceedings to specifically enforce, rescind, or reform the Agreernent. Any such legal action by either party does not preclude that party frorn recovering damages or other judicial relief. No action by either party during the Terrn hereof shall be deerned a waiver or release of any right to assert a claim for monetary damages frorn the other party, 9. Agreement to Amend or Terminate. City and Owner by mutual agreement may terminate or arnend the terms of this Agreement, and the amendment or terrnination shall be accomplished in the manner provided under California law for the adoption of development agreernents, 10. Mortgagee Protection: Certain Rights of Cure, 10.1 Mortgagee Protection. This Agreement shall be superior and senior to all liens placed upon the Property or portion thereof after the date on which a memorandum of this Agreement is recorded, including the lien of any deed of trust PA1\311256.04 November 6,1995 13 or mortgage ("Mortgage"), Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, dirninish or irnpair the lien of any Mortgage made in good faith and for value, but all of the terms and conditions contained in this Agreement shall be binding upon and effective against all persons and entities, including all deed of trust beneficiaries or mortgagees ("Mortgagees") who acquire title to the Property or any portion thereof by foreclosure, trustee's sale, deed in lieu of foreclosure or otherwise, 10.2 Mortgagee Not Obligated, No foreclosing Mortgagee shall have any obligation or duty under this Agreement to construct or complete the construction of any improvernents required in connection with this Agreement, or to pay for or guarantee construction or completion thereof, City, upon receipt of a written request therefor from a foreclosing Mortgagee, shall perrnit all Mortgagees to succeed to the rights and obligations of Owner under this Agreement, provided that all defaults by Owner hereunder that are reasonably susceptible of being cured are cured by the Mortgagee as soon as is reasonably possible. The foreclosing Mortgagee thereafter shall comply with all of the provisions of this Agreernent. 10.3 Notice of Default to Mortgagee. If City receives notice from a Mortgagee requesting a copy of any notice of default given to Owner hereunder and specifying the address for service thereof, City shall deliver to the Mortgagee, concurrently with service thereof to Owner, all notices given to Owner describing all claims by the City that Owner has defaulted hereunder. If City determines that Owner is in noncompliance with this Agreement, City also shall serve notice of PA1\311256.04 November 6, 1995 14 noncompliance on the Mortgagee concurrently with service thereof on Owner, Each Mortgagee shall have the right during the same period available to Owner to cure or remedy, or to commence to cure or rernedy, the condition of default claimed or the areas of noncompliance set forth in City's notice, 11. Assignability, 11.1 Right to Assign. Owner rnay not assign its rights to develop the Project pursuant to this Agreement without written consent of the City, which consent shall not unreasonably be withheld, In addition to any other reasonable basis, City may withhold its consent upon a deterrnination that the proposed assignee has insufficient assets or financial ability to cornplete or rnanage the Project. Each successor in interest to Owner shall be bound by all of the terrns and provisions hereof applicable to that portion of the Project acquired by it. Subject to the foregoing, this Agreernent shall be binding upon and inure to the benefit of the parties' successors, assigns and legal representatives, The terrns of this section 11.1 shall not restrict, prevent or otherwise affect Owner's ability to lease, sell or convey interests in the Property, This Agreement or a memorandum hereof shall be recorded by the City in the Santa Clara County Recorder's Office promptly upon execution hereof by both parties, 11.2 No Release Until Final Inspection. Owner shall not be released from its obligations under this Agreernent with respect to each portion of the Project transferred or assigned until City has issued a building permit for the particular affected portion of the Project, PAl\311256,O4 November 6, 1995 15 11.3 Covenants Run With The Land, During the Term of tÌÚs Agreement, all of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding unconditionally upon the parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns, devisees, adrninistrators, representatives, lessees and all other persons or entities acquiring the Property, any lot, parcel or any portion thereof, and any interest therein, whether by sale, operation of law or other rnanner, and they shall inure to the benefit of the parties and their respective successors, This Agreernent creates no personal obligations of Owner or its successors, but only obligations appurtenant to the Property, 12. General, 12.1 Construction of Agreement. The language in this Agreement in all cases shall be construed as a whole and in accordance with its fair rneaning. The captions of the paragraphs and subparagraphs of this Agreement are for convenience only and shall not be considered or referred to in resolving questions of construction, This Agreement shall be governed by the laws of the State of California, 12.2 No Waiver, Subject to the provisions of Section 8,2, no delay or omission by the City in exercising any right or power accruing upon the noncompliance or failure to perforrn by Owner under the provisions of this Agreement shall impair any right or power or be construed to be a waiver thereof, A waiver by City of any of the covenants or conditions to be performed by Owner or PA1\311256.04 November 6,1995 16 City shall not be construed as a waiver of any succeeding breach of the same or other covenants and conditions hereof, 12.3 Agreement is Entire Agreement. This Agreement and all Exhibits attached hereto or incorporated herein comprise the sole and entire Agreernent between the parties concerning the Project, The parties acknowledge and agree that neither of them has rnade any representation with respect to the subject matter of this Agreement or any representations inducing the execution and delivery hereof, except the representations set forth herein, and each party acknowledges that it has relied on its own judgrnent in entering this Agreernent. The parties further acknowledge that all statements or representations that heretofore may have been made by either of them to the other are void and of no effect, and that neither of them has relied thereon in connection with its dealings with the other, 12.4 Estoppel Certificate, Either party from time to time may deliver written notice to the other party requesting written certification that, to the knowledge of the certifying party (i) this Agreernent is in full force and effect and constitutes a binding obligation of the parties; (ii) this Agreement has not been amended or modified either orally or in writing, or, if it has been amended or modified, specifying the nature of the amendments or modifications; and (iii) the requesting party is not in default in the performance of its obligations under this Agreement, or if in default, describing therein the nature and monetary amount, if any, of the default. A party receiving a request hereunder shall execute and return the certificate within thirty (30) days after receipt thereof, The Planning Director of PA1\311256.04 November 6, 1995 17 City shall have the right to execute the certificates requested by Owner hereunder, City acknowledges that a certificate hereunder may be relied upon by perrnitted transferees and Mortgagees, At the request of Owner, the certificates provided by City establishing the status of this Agreement with respect to any lot or parcel shall be in recordable form, and Owner shall have the right to record the certificate for the affected portion of the Property at its cost. 12.5 Counterparts. This Agreement rnay be executed in counterparts, each of which shall be deerned to be an original, but the counterparts together shall constitute only one Agreement. 12.6 Severability, Each provision of this Agreernent which shall be adjudged to be invalid, void or illegal shall in no way affect, irnpair or invalidate any other provisions hereof, and the other provisions shall remain in full force and effect. 12.7 Further Doruments, Each party hereto agrees to execute all other documents or instruments necessary or appropriate to effectuate and implernent this Agreement. 12,8 Time of Essence, Tirne is of the essence in the performance of every covenant and obligation to be performed by the parties hereunder. 12.9 Attorneys' Fees, In the event of any dispute between the parties involving the covenants or conditions contained in this Agreement, the prevailing party shall be entitled to recover reasonable expenses, attorneys' fees and costs, "Prevailing party" shall include a party who brings an action against the other party after the other party's breach or default, if the action is settled or dismissed upon PAI\311256.04 November 6,1995 18 payrnent or performance by the other party of the matter allegedly due, or perforrnance of the covenants allegedly breached, or if the plaintiff obtains substantially the relief sought by it in the action, 12.10 Indemnity, Each party shall indemnify, hold harmless and defend the other party for all claims for damages of any kind arising from the indemnifying party's performance of this Agreement. 13, Notice, Except as otherwise expressly provided herein, all notices and demands pursuant to this Agreement shall be in writing and delivered in person, by commercial courier or by first-class certified mail, postage prepaid and return receipt requested, Except as otherwise expressly provided herein, notices shall be considered delivered when personally served, or upon actual receipt if delivered by commercial courier or by mail. Notices shall be addressed as appears below for the respective parties; provided, however, that either party may change its address for purposes of this Section by giving written notice thereof to the other party: City: City Clerk The City of Cupertino 10300 Torre Avenue Cupertino, California 95014 Owner: Bay Area Real Estate Manager Hewlett-Packard Cornpany 3000 Hanover Street Palo Alto, California 94304 With copy to: Corporate Counsel Hewlett-Packard Company 3000 Hanover Street Palo Alto, California 94304 PAI\311256,O4 November 6.1995 19 The provisions of this Section shall be deerned directive only and shall not detract frorn the validity of any notice given in a rnanner which would be legally effective in the absence of this Section, IN WITNESS WHEREOF, City and Owner have caused this Agreement to be executed in one (1) or more copies as of the day and year first above written, "CITY" TIIE OTY OF CUPERTINO, a muniåpal corporation By "OWNER" HEWLETI-PACKARD COMPANY, a California corporation By: Title: ATTEST: City Clerk APPROVED AS TO FORM: City Attorney PA1\311256.04 November 6.1995 20 I l' j' ) . Jl J 1 [%1 ) ~ ) 0 :;:) . I HOMESTEAD Il J \ r \ (" l "THE PROPERTY" ( l ¡; r q \ ¡L If.. .Ui. \ ( -= 'C ih- ! EB :-:.:.~ APIUL ",." so,", HEWLEIT -PACKARD CUPERTINO SITE EXHIBIT A l I \ HC*=D ""'D ' Tlc...!. 1 EB f--..=. A,':.!." 30M lnitUú H-P £':p"",iDn 77E." I WLETT.PACX:ARD --" - - CUPERTlIIO SITE MASTER PLAII Illustrative Example EXHIBIT B l: I \ . I " Dgb~Ir-~ú~- . J.~~ .11[ ~DlIl.IËI~~=][~c=l\ l ruJJtl \ I~ r- . ;7 = lr:=J c;WJ ~. 11'~~~~'4 ~ .- ~ 'I~-. EJ\ ( ~ ~. ~,I ~~Vj¡.í'A, "ffi"'~ . IJ,~ru \ ¡;- ~,.j r[ ). . ~ ,DL-Jc...J~-:::J =--¡-¡-I- Ä ~ -- \:."'-~\r"'" Ir- - ïU l- ,-,- ,- ,~ I ~ (/ - - \ l ~~== ~='::i4 u ~ r~~( ;~ ~ ' . , ----- ,----.-:......., I ""'1'4:;::::-"',,"':'::::.1 --- )L EB ~ """'- 1m ~ Q M TIE.< '&1 wr." 3CJI.::I.'C; " ,'~\lCV".l1 WLET7-?ACJ:ARO CU?ERTtNQ :ITE MASTER PLA/I Illustrative ExamplerÐCHIBIT B . - -... " _. \r JI ì 1 EB ILWS7?ATi:r:. :--.:;:..;:. ""'ILl'" SO,.. HEWlEIT.PAG<ARD CUPE:<rINO SiTE MASTE:< PL~N Illustrative Example EXHIBIT B DEVELOPMENT ALLOCATION PURSUANT TO GENERAL PLAN POliCY 2-3 I ~ CARS I ALLOWED (Occupiable Space) 96 Acres @ .33 FAR: 1,378 0.33 (Bonus) 50 Total Allowed 1,428 0.34 ACIUAL (Occupiable Space) EXISTING 1,046 0,25 Demolition (B40, B41) -158 New Construction 540 Total Occupiable at Full 1,428 0,34 5,D98 (req'd @ 3.55/1000 sf) Build out 5,241 (actual @ 3,65/1000 sf) O\...,,\DBA\T"'~ EXmBIT C