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2014-147 Town Center DA Amendment 1 ORDINANCE No. 2014-147 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, APPROVING AMENDMENT NO. 1 TO THE DEVELOPMENT AGREEMENT BY AND BETWEEN CITY OF MENIFEE AND STARK MENIFEE LAND, LLC. FOR THE TOWN CENTER SPECIFIC PLAN WHEREAS, Stark Menifee Land, LLC(Landowners)submitted an application for development of the Town Center Specific Plan project consisting of a total of 558,657 square feet of retail, office and hotel uses as well as a series of residential villages that would accommodate up to 1,052 residences on approximately 149 gross acres within the City of Menifee; and WHEREAS, the Town Center Specific Plan is located at the southwest corner of Newport Road and Haun Road, City of Menifee; and WHEREAS, with the adoption of Ordinance No. 2011-90, Stark Menifee Land, LLC (Landowners) and the City of Menifee entered into a Development Agreement for the development of the Town Center Specific Plan project, with such Agreement becoming effective on June 13, 2011; and WHEREAS, the Development Agreement strengthens the public planning process, encourages private participation in comprehensive planning, and reduces the economic costs of development uncertainty; and WHEREAS, City staff developed and negotiated a draft Amendment (No. 1) to the Development Agreement by and between the City of Menifee and the Landowners for changes to the approved Agreement which shall provide a substantial benefit to the community, promote and encourage the development of the proposed project by providing a greater degree of requisite certainty, would promote the public convenience, general welfare, and good land use practices, and is in the best interest of the community; and WHEREAS, Amendment (No. 1) to the Development Agreement shall not create a circumstance that could be detrimental to the public health, safety, or welfare of the community or would adversely affect the orderly development of the property or the surrounding area, or adversely affect the preservation of property values; and WHEREAS, Amendment No. 1 to the Development Agreement is compatible with the uses authorized in, and the regulations prescribed for, the Specific Plan in which the real property is located, including any policy plan overlay applicable to the property; and WHEREAS, proposed Amendment No. 1 to the adopted Town Center Specific Plan Development Agreement has been reviewed under the provision and requirements of the California Environmental Quality Act (CEQA); and WHEREAS, on May 27, 2014, the Planning Commission held a duly noticed public hearing at which the Planning Commission considered the proposed Amendment No. 1 to the Town Center Specific Plan Development Agreement and those persons desiring to be heard on said matter were heard and evidence in said matter was received; and WHEREAS, at its May 27, 2014 public hearing, the Planning Commission found that the proposed Amendment No. 1 to the Development Agreement was consistent with the General Plan in effect in 2011 and adopted Commission Resolution No. PC 14-177 forwarding a recommendation that the City Council approve the Amendment (No. 1) to the Development Agreement; and WHEREAS, the City Clerk has caused notice to be duly given of a public hearing in this matter in accordance with State law, as evidenced by the affidavit of publication and the affidavit of mailing on file with the City Clerk; and WHEREAS, a copy of the report has been on file in the Office of the City Clerk and available for examination during regular business hours by any interested person, at all times since the date of giving notice in this matter; and WHEREAS, on July 2, 2014, the City Council held a duly noticed public hearing regarding the proposed Amendment (No. 1) to the Development Agreement, receiving comments from the public. NOW, THEREFORE, the City Council of the City of Menifee does ordain as follows: Section 1. Amendment No. 1 to the Town Center Specific Plan Development Agreement has been prepared, processed, reviewed, heard and approved in accordance with applicable State law, including, but not limited to, Section 65864 et seq. of the Government Code. Section 2. That the City Council finds that no further environmental review is required because: (a) all potentially significant effects of the proposed project have been adequately analyzed in an earlier EIR (SCH2O09091022) adopted by the City of Menifee pursuant to applicable legal standards; (b) all potentially significant effects of the proposed project have been avoided or mitigated pursuant to that earlier EIR except those for which a statement of overriding considerations was adopted; (c) the proposed project will not result in any new significant environmental effects not identified in the earlier EIR; (d)the proposed project will not substantially increase the severity of the environmental effects identified in the earlier EIR; (e) no considerably different mitigation measures have been identified; and, (f) no mitigation measures found infeasible have become feasible. Therefore Amendment (No. 1) is exempt from further environmental review and staff is authorize to sign and forward a Notice of Exemption. Section 3. Amendment No. 1 to the Town Center Specific Plan Development Agreement set forth on Exhibit "1" is found to be consistent with the goals and policies of the General Plan. Section 4. Amendment No. 1 to the Town Center Specific Plan Development Agreement is applicable to the area of the City of Menifee as legally described in Amendment No. 1, commonly known as the Town Center Specific Plan. Section 5. The City Manager, or his or her delegate, is directed and authorized to do all of the following: a. Prepare a final version of Amendment No. 1 to the Town Center Specific Plan Development Agreement for execution and recording that fully reflects the action of the City Council in adopting Amendment No. 1 to the Development Agreement; and b. Make all necessary and appropriate clerical, typographical and formatting corrections to the adopted Amendment No. 1 to the Town Center Specific Plan Development Agreement prior to execution and recording. Section 6. Notice of Adoption. The City Clerk of the City of Menifee shall certify to the adoption of this Ordinance. Section 7. Effective Date. This Ordinance shall take effect and be in full force and operation thirty (30) days after its adoption by City Council. Section 8. Severability. If any section, subsection, sentence, clause, phrase or portion of this Ordinance or the application thereof to any person or circumstance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council declares that it would have adopted this Ordinance, and each section, subsection, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more section, subsection, sentence, clause, phrase or portion thereof be declared invalid or unconstitutional. Section 9. City Clerk Action. The City Clerk of the City of Menifee is authorized and directed to cause this Ordinance to be published within fifteen (15) days after its passage in a newspaper of general circulation and circulated within the City in accordance with Government Code Section 36933(a) or, to cause this Ordinance to be published in the manner required by law using the alternative summary and posting procedure authorized under Government Code Section 36933(c). PASSED, APPROVED AND ADOPTED THIS 16'" day ly 0 4 Scott A. Mann, Mayor Approved as to form: '� `JuJ(dBiggs, City ttor CERTIFICATE OF ATTESTATION AND ORIGINALITY I, KATHY BENNETT, City Clerk of the City of Menifee, do hereby attest to and certify the attached Ordinance No. 2014-147 to be the original ordinance adopted by the City Council of the City of Menifee on July 16, 2014 and that said Ordinance was published in accordance with the law on a vote as follow: Date: QUN2/ � Kathy Bennett, City Clerk Vote: Ayes: August, Denver, Edgerton, Mann Noes: None Abstain: None Absent: Fuhrman Exhibit '1": Amendment No. 1 to the Development Agreement by and between the City of Menifee and Stark Menifee Land, Inc. Regarding the Town Center Specific Plan. RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: CITY OF MENIFEE 29714 Haun Road Menifee, CA 92586 Attn: City Attorney Recorded for the benefit of the City of Menifee (Space Above this Line is for Recorder's Use Only) and exempt from recording fees pursuant to Government Section 27383 FIRST MAJOR AMENDMENT TO DEVELOPMENT AGREEMENT by and between CITY OF MENIFEE and STARK MENIFEE LAND,LLC REGARDING THE TOWN CENTER SPECIFIC PLAN PROJECT Effective Date: August 15, 2014 FIRST MAJOR AMENDMENT TO DEVELOPMENT AGREEMENT Town Center Specific Plan Project This First Major Amendment to the DEVELOPMENT AGREEMENT FOR TOWN CENTER SPECIFIC PLAN PROJECT (the "First Amendment) is entered into this 16th day of July, 2014, by and between the CITY OF MENIFEE, a municipal corporation of the State of California ("City") and STARK MENIFEE LAND, LLC, a Wisconsin limited liability company ("Developer"). City and Developer are collectively referred to herein as the "Parties" and individually as a "Party (as defined herein)." RECITALS This First Amendment is entered into upon the basis of the following facts, understandings and intentions of the parties: A. City and Developer entered into that certain Development Agreement for the Town Center Specific Plan Project which was recorded in the Official Records as Document No. 2011- 0272260 ("Development Agreement"). B. On June 5, 2012, the Developer transferred fee ownership of approximately 25 acres of the Property to the Santa Rosa Academy ("SRA Assigned Property"), subject to an Assignment and Assumption Agreement which was recorded in the Official Records as Document No. 2012-0259495 ("SRA Assignment Agreement"). On April 15, 2014, the Developer transferred fee ownership of approximately 15.09 acres of the Property to Haun/Newport, LLC ("Rich Assigned Property"), subject to an Assignment and Assumption Agreement which was recorded in the Official Records as Document No. 2014-0136738 ("Rich Assignment Agreement"). Pursuant to the terms of Sections 1(iv) of both the SRA Assignment Agreement and the Rich Assignment Agreement, this First Amendment is not intended to amend the Development Agreement as to the SRA Assigned Property or the Rich Assigned Property. C. Developer's remaining Property is approximately one hundred and twenty seven acres and is legally described on Exhibit "A" ("Remaining Property"). D. In light of(i)the City's desire to relieve the City of its obligations in the Development Agreement related to the use of the Paloma Wash for public park purposes, which the City no longer believes to be beneficial, (ii) the City's desire to control and coordinate the improvements to Newport Road, (iii) the City's desire to delay its acceptance of the Temporary Sports Field Uses and Civic Center Site to ensure the appropriate programming, management and maintenance is in place for safe and appropriate public use and (iv) the additional benefits to the City described below, including the Developer's delivery of the Central Park earlier than originally provided, the City and Developer desire to amend the Development Agreement. E. On May 27, 2014, the Planning Commission, after duly noticed public hearing, recommended approval of this First Amendment by Resolution No. 2014-147. On July 2, 2014, 1 after duly noticed public hearing, the City Council introduced its Ordinance 2014-147 approving this First Amendment and authorizing its execution and adopted that Ordinance 2014-147 on July 16, 2014. Ordinance 2014-147 became effective on August 15, 2014. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other valuable consideration and pursuant to Section 5.1 of the Development Agreement, the parties hereto agree to the following: 1. Defined Terms. All capitalized tenns used herein shall have the meanings given in the Development Agreement, except as expressly otherwise defined herein. 2. Exclusion of the SRA Assigned Property and Rich Assigned Property. City and Developer acknowledge and agree that this First Amendment applies only to the Developer's Remaining Property and does not apply to the SRA Assigned Property or Rich Assigned Property. 3. Enumeration of Specific Amendments. The Development Agreement is hereby revised to incorporate the following amendments. In this Section 3, for clarity, where the amendment revises existing text, double underline text indicates new text; strikeo text indicates a deletion. 3.1 Amendments. Additions and Deletions to Defined Terms. Article 1 of the Development Agreement is hereby amended as follows: "Central Park Improvements" shall have the meaning set forth in Section 3.2 1.1(b), as such section is amended by this First Amendment "Central Park Master Plan" shall have the meaning set forth in SeQtion 3.2 1 1(b). as such section is amended by this First Amendment "Pedestrian Bridge Payment" shall have the meaning set forth in Section 3.2 as such section is amended by this First Amendment. "Public Park" shall mean a parcel or parcels of land, exclusive of natural open space, which is open and available for use by the general public and which serves the active recreational needs of the public. Fee the purposes , r an n..l.l;,. Park U previded in the „1..ma Wash Flood Channel S 3 2below, r r 1> > sueh uses ..hall be limited to O«'"w Field Uses. n Publie Park Master Plan/Phasing Platt" shall ha-ve the meaning-se"erth "Public Park In Lieu Fee" shall have the meanin set forth in Section 3.21 1(a), as such section is amended by this First Amendment 2 Public Park Ratio" shall mean three €-,+e (2-5) acres per one thousand (1,000) residents within the Project as calculated using the Public Park Generation Rates. "Rich Assignment Agreement" shall have the meanin et forth in Recital B of this First Amendment "Rich Assigned Property" shall have the meaning set forth in Recital B of this First Amendment "Sports Field Uses" shall mean irrigated gfass playing fields ef a size aft a4 et the s ....,1..rds .,lged b L. C' liF State quality appropriate tY~ b y Seeeer A....,.,iafi.... South (Cal South) the A.. erie..« Veath Se (1 or Kstandafds foryouthseeeef ages uses.leeal games (net including teiifftamen+s), as well as Rag feethall and sifflilff The teffn nSpefts Uses"Field approved by RC;F42D)-. "SRA Assignment Agreement" shall have the meaning set forth in Recital B of this First Amendment "SRA Assigned Property" shall have the meaning set forth in Recital B of this First Amendment "Remaining Property" shall have the meaning set forth in Recital C of this First Amendment. "Town Center Newport Road Credit Agreement" shall have the meaning set forth in Section 4.4(a). as such section is amended by this First Amendment "Town Center Newport Road Improvements" shall have the meaning set forth in Section 4.4(a), as such section is amended by this First Amendment "Town Center Newport Road Improvement Plans" shall mean improvement plans prepared by a licensed civil engineer for the Town Center Newport Road Im rovements that shall include only the following plans for the area depicted on Exhibit (west of the Paloma Wash to the western boundary of the Developer's Remaining Property)• (a) street improvement plans including median plans (b) street light plans (c) striping and signage plans. (d) signal plans for intersection of Newport Road and Calle Tomas. (e)modified signal plans for the intersection of Newport Road and Town Center Drive (f) conceptual landscape plans for south side of Newport Road and the median from west of Paloma Wash to west project boundary. (g) landscape and irrigation plans for south side of Newport Road and the median from west of Paloma Wash to west proiect boundary, The Town Center Newport Road Improvement Plans shall exclude all of the following: a) preparation of a Drainage Study and storm drain plans for Newport Road(except as may 3 be required to be prepared for the Project Tentative Man). (b) preparation of a Water Ouality Management Plan. (c) preparation of Traffic Control Plan. (d) construction support including but not limited to: bid support, survey and staking services, coordination with Citv. City ractm dry utilities, or any other items not specifically included above. "Town Center Newport Road Payment" shall have them nine set forth in Section 4 4(al. as such section is amended by this First Amendment 3.2 Timing for Conveyance of the Civic Center Site and Acceptance of the Central Park Site. The City acknowledges and agrees that the Developer has satisfied its obligations under Section 3.19 to design and timely construct the Temporary Sports Field Uses and stands ready to convey to the City the City Center Site improved with such Temporary Sports Field Uses. To ensure appropriate time for the City to develop and implement an appropriate management and maintenance program for safe and appropriate public access,the City and Developer hereby agree that, notwithstanding anything to the contrary in Section 3.19 of the Development Agreement,the Developer shall offer, and the City shall accept, title to the Civic Center Site, with the completed Temporary Sports Field Uses, concurrent with the Developer's completion and the City's acceptance of the Central Park Site pursuant to Section 3.3(b) of this First Amendment, below. 3.3 Public Park Obligation..ion. Section 3.21.1 of the Development Agreement is hereby amended as follows: 3.21.1 Timing and Scope of Public Park Improvement Park Dedication and Pedestrian Bridge. (a) Park Dedication or In Lieu Fee. U on completion and acceptance by the City of the Central Park Improvements (as defined in Section 321.1(b) belo , notwithstanding anything to the contrary in this Section. the Development Agreement. any Existing Approval and/or Subsequent Approval, the City hereby agrees that the Central Park Improvements shall satisfy. in full. the Public Park Obligation fef the ss-an ° ' ' o thefirst sixi a ponstruged-within the RefnE6iaifig D~epertyz For all residential units constructed ^yef the fl«s+-4 i up to the Residential Baseline of 1.052each phase of the Preje + that ifieludes, reside„+:,a dwelling unit, the Project shall provide ( r have 13fevidedin an eEfflie ..base a. the Dee �ems-option) improved Public Park/s for the Project at the Public Park Ratio and the Public Park Generation Rates. ^' —With the prior approval of the Community Development Director and/or City Manager. the Developer may, for any or all of the remaining residential units pay an in lieu fee to the City prior to each certificate of occupancy in the amount of one thousand five hundred dollars ($1500) per residential unit, regardless of product type ("Public Park In Lieu Fee") in satisfaction of its Public Park Obligation, If the Developer improves any Public Park to meet the Public Park Obligation under this Section. The such Public Park shall be improved and dedicated to the City prior to the fist any certificate of occupancy for such proposed phase that has not been already satisfied as to the Public Park Obligation by the Central Park Improvements as 4 defined below) or the payment of the Public Park In Lieu Fee. Fee example only, if a Pfejeet phase inehides 100 single family residential units all with detoehe Beetle+x 3.21 (400;e 2.98 - 298 x-5 -1,4904800 - 1.4 (b) Pttbke Central Park Master Pl^^/Dg lan. The Central Park Master Plan prepared by BMLA Landscape Architects entitled Schematic Design dated April 18. 2014 containing one sheet is on file with the City Plannin Department and is incorporated by this reference. The City and Developer hereby acknowledge submittal of the Schematic Design for the Central Park Master PlanThe Developer shall submit improvement plans for the Central Park Site that substantially conform to the Central Park Master Plan to the Community Development Director, Community Services Director and City Engineer for plan check by the later of(i) September 1. 2014 or (ii) 90 days from the date the City Council approves the ordinance authorizing this First Amendment and shall expeditiously and in good faith respond to the City's plan check comments The City agrees to expeditiously review such improvement plans and to minimize the number of plan check reviews by requiring all departments to provide complete and clear comments and to minimize delays to the maximum extent feasible The Developer shall commence physical construction of the improvements on the Central Park Site in accordance with the City-approved improvement plans ("Central Park Improvements")by the later of(i)December 1,2014 or(ii)within 60 days after the Developer receives all necessary approvals from the City. Thereafter, Central Park Site Improvements must be substantially complete within one calendar year from initiation of physical work on the Central Park SitesubLect to Excused Delay Ce„.e.«_e:t with the ftrat application r-f Et a .h Subse „e„. D t Appre�,,al tian includes residential „:tom the De. ele„e« shall ....1....:t to the !;' conceptual Y phasing eptl „e«L „hasin,. Y„le„ .,. eesefe„ e1Y h: h dilth „« ,. a phasingF h D hl' Y ,\ the size and lee..ti.,„ /a\ „ ,, a access F allow the Cit. to ,lot,.,...„:„.. :t„ « bl ,l' ,l . ..t................. .... ,... .,....... ...., .. ..� ... .,............. .. .w a..uov..uva.. mem eensistent with the requiremeR4s ef this Agreement, that eaeh phase ef the Spet4s Feld Uses and Ge„t«..1 D..„1. Site w. ll be a appropfiate size and have the that eaeh phase A411 ha-,e appropriate aeeess and shafed pafking available-pfier4o u blie r k Master- Plan/Phasing Plan"). The Cites shall, within its reasenable discretion and the « „ ., of this Agreement, J ” 1 etapprove, .onditienally appres e er re eet sueh Park Phasing Plan. The City ,,hall net ».u.,........N. .y .............. ... delay its .e...... ... ...... uv.av Park ivivaccrTruxv i-ixccsrirg „ell...,„„ro ed e vets the„«,.„ese,l U..41' Park 1\R . .»... .. ...., ...,.� .........,.......,...y ...YY........... .rej....w iu..Y.vYv� ➢1..„/Dh....ing Plan based on this Seetie„ 3.21.1(b), the Cit mast provid 1. ,.ificit. e„,l : ,,.;ti„.. The D..1..li D.. 1 Master �...... ..1.... .......,,� .....w.�o ...w �j..e...... ..y .0... vvau u�. iuv�zc Dle„/➢h....:..... Plan must be appfoved p „ to the Git. 's approval F h F' . .u.0. ..u..u.s Sebse....e„t D«,.leet A„„„eyal that includes residential (c) Pedestrian Bridge Payment Plan. ithin one calendar year from the date the City Council adopts a resolution to accent the dedication of the Central 5 P k Site. the Developer shall nay to the City, for deposit into the City's Capital Improvement Program, the sum of two hundred and fifty thousand dollars $250.0001 ("Pedestrian Bridge Payment"). The City may, at is option and sole discretion use Pedestrian Bridge Payment for any design or construction costs related to either the Pedestrian Bridge or the Civic Facilities on the Civic Center Site, The Developer shall design and construct the Project in a manner that does not materially, adversely impede the City's construction of the Pedestrian Bridge in the location established by the Specific Plan. Notwithstanding anything to the contrary in the Development Agreement. any Existing Approval and/or Subsequent Approval.the Developer shall have no obligations other than this Section 3.21.1(cl. s amended by this First Amendment related to the Pedestrian Bridge with the first applieatieii fer a S4sequerA Prejeet Afpreval that ilieliddes residential Rue nit. e...t..al plan, faf the De,7entr: ,...... „, .... .�..... ..t.... s....... ...........t ... �...� vmtr you m.r�u a rmwm .va�ra�—rtiac.�uraa :\ e nstr..etionµ,.1..,.,L.1.. and (iii) ,lenip reqiiifeffiei�As of this Agreefnei4, at the loentie.. timing and unlit., of the Pedestrian Bridge Evill be eensistent w4h 4he Prejeet. TheGit-y will eenside. the _ ntrue+ing the Pedestrian Bridge reWiye to the ................ ............ ..� ... ..ww ... w..mmµgum .ate-cix 1....:1,7 e..+ of the rest of the t Drojeewhen r n deer....ini h f "b n t5 �� the e ..e+,..retie„ of the Pedestrian 1?f Lura (d) Palerna Wash Flood Chaaxel The Developer shall reeeive eredit, eii Etere for n e basin f,.r the Q„erts Field Uses i.., the Paieffia Wash Fl a Channel (not: el..di.. Rue le . flow eh el erthe raid slopes)towEff d L. Park Obli so 11 of the f ile..,i.... to the City's bl b r s ,,;tl. the a e,7 D..l..lie Dark Master DlaftTh Dl .,.......,..,..,...,.y .....,..,........ ....... ...... ...i.t.r....... . ......... Park ..mw�wm . quaµi uu� ..�rzm-c and this Cl\ denia...e and installs Spens Field Uses within the D..1.......,. Wash L'lee.7 Cha ftnel• f2\ .7e�.bn and installs shw.cd restroom f :lit' hi 1 \ Ge..tral DnrL Site; a«.7 (3) designs wird installs ecde eempliai4 a..eess r„ad(s t the Spens Field Uses. an \"'I deme32strates that there are e..ffieie,.t nl..ared ,.afking faeilkies within an appropriate radiiis ef the aeeess poii4 te the Sport Field Uses within the Projeet (whieh may iiiekide an),parking an the Civie Center Site, whe and if n .eh sites ,leyele..ed by the City), +e n rt 1. Sports Field Uses, _ Rue extent s ared pafkiag n «et .................., .,,..... t...... ..b ....,...,....., �., ...... ..er..m.m �........ l.wm.. mib �f.a...,o urC .mv� �l�br�2t the ti.re of e :vatie n. y p kingd Paee provided €er the SPerts .7 arLing with iistfueted after n .eh Fields .....y .,.. �..,.... .... .,..,....,.. l:.w.r.mm.b .vmum uses w..�irµowµ uiwr uimj:iisvii .ledientien within then irate re.li..n 6 The U,.«t:es „,le«..t.,...7 and Etgree that under the terms of the Coope«et;..e agreement approved by DliFGD only in the Stage 2 Ghe......el ...,1 .. ;11 net be groundst«..et..«e,. (stieh as l:..t. ing «est..ee.« faeili es, vw.) within the Paleffia Wash Reed Channel. Under the GooperatiNe a rba v..aaa..ut,the ..vvuse us.vvaaavut vv.u.RG FDG will require the City to provide fa« Cit.«e '«tenanee and an indemnity to RGFGD The City afid Developer shall EB ye«,te ,. get: thig with DGDGD to reach .. formall: eense agreement to alle... . Wash Fleed Channel in the eye..t Dt'FGD does net ell..., any Spet4s Feld Uses Park Obligation within the Projee! Site. in the evei4, less flian the ffiwdmum te (10) Eteres .i ed iii the D..lem \7 ..sh L'1..o Gh&ane1� the Deyelepe« shall \r Eteeeffifn e ,. v any diff .-, «eee to meet the Publ:e Park 11bliget;en..,:thia the D«e:eet Site ,lw shall the Deperprev ,l ele ; e less than the Central D,.«1 Site (five ((5) aeres) wv hin the Project Site.in no event shallr he De�,,eleper-be required to r..v t:en based on the aetu l fi « e« ffind t. .. v.u.. uay.v uauu ua.. . uvuv r w.ar vvaagu af residential units with within the Prejeet, altheiagh the De,,�eleper may do so, at (i) aepes efPee.,t,, c4e1d L4ezywef�e19i .idea in the Paloma Wash F4aed Chasineb, aiid the Publie Park Obligation based en the numbe� an type of residential units within the Pr-'- (11) If Q ae e; poi,t-i 4el Ulaes= ep!e j9pev-ided i-ri-the-Affilema Wa�h Rood Channel, aiid the Publie Park ObhgatieH ba6ed eH the number aii „Id be . ,ed.0t7;, Ppejeet Site,, e (111) 8 aerery t(,0.ge.2t Field rlWe.. were 9 , ,ded iii the Palgiffa Wash F4eod Ghani�ek, aiid Me Pubbe Park Obligation based an the number an of aeres of Publie Payk would be gi.e. ;ded. iMin f'Qieet Site. (de) Park Site and Pedestrian Bridge Maintenance. Upon dedication of any Public Park and/or the Pedestrian Bridge landine site(sl, the City shall be responsible for the maintenance of such Public Park and/or the Pedestrian Bridge. 3.4 Acceptance of Public Improvements and Certificate of Satisfaction. Section 4.2 of the Development Agreement is hereby amended as follows: Developer's obligations with respect to construction of all Public Improvements, including performance and labor and materials security and warranty obligations, and City's obligations with respect to acceptance thereof, shall be set forth in a Public Improvements agreement in a form reasonably acceptable to the City Attorney. Within sixty (60) days after the Developer's written request, which may be made at any time 7 following acceptance of a Public Improvement by the City pursuant to such public improvements agreement, the City shall issue a certificate of satisfaction evidencing the satisfaction of the applicable Public Improvement obligation. Developer and City agree that any reference to any County Lighting and Landscape Districts in Conditions 3. 34, 35, 36 and 37 shall instead refer to a Community Facilities District to be stablished by the City. In exchange for the Developer's willingness to support the formation of such Community Facilities District.the City hereby commits to promptly accept all Public Improvements when offered for acceptance under this Section 3.4 for ownership, operation and maintenance and not to condition acceptance of any Public Improvements on the final formation of any such Community Facilities District. 3.5 I-215/Newport Road Interchange and Related Improvements. Section 4.4 of the Development Agreement is hereby amended as follows: I-215/Newport Road Interchange Project. Except as provided in this Section 4.4, the Developer's funding obligation related to funding the I-215/Newport Road Interchange Project shall be limited to the payment of Impact Fees, including fees paid under the TUMF Program. The Parties desire that the I-215/Newport Interchange Project be completed as early as possible. (a) The City shall work with WRCOG to permit use of TUMF fees generated by the Project to be used for the 1 215ndeport lnte=ehange Pr-ejeet aandothe regional transportation improvements that serve the Project. The Developer acknowledges that the City does not have the authority to direct the WRCOG or TUMF Program. The City shall be solely responsible for the construction of the Newport Road improvements set forth on Exhibit 'B" ("Town Center Newport Road Improvements") The Developer's sole and exclusive obligations with respect to the Town Center Newport Road Improvements shall be to (a)prepare Town Center Newport Road Improvement Plans upon the written request, and to the reasonable satisfaction_ of the City Engineer,but at a cost to Developer in no event to exceed ONE HUNDRED AND FORTY THREE THOUSAND DOLLARS ($143,000 or, alternatively, at the request of the City to pay the City a one time amount of ONE HUNDRED AND FORTY THREE THOUSAND DOLLARS ($143.000)for the City to prepare the Town Center Newport Road Improvement Plans if required by the terms of the Town Center Newport Road Credit Agreement) and (b) nay its fair share in the amount of EIGHT HUNDRED AND SIXTY EIGHT THOUSAND DOLLARS ($868.000) ("Town Center Newport Road Payment")to the Cityfor deposit into its Capital Improvement Program, within thirty (30) days from the City's inclusion of the Town Centex N-e-wport Road Improvements into the adopted City's Capital Improvement Program and City's written request to the Developer therefore As of the Effective Date. the Parties agree that the Developer shall not be conditioned or otherwise required to construct any improvements to Newport Road for the Project. Upon receipt of the Town Center Newport Road Payment the City shall not withhold or delay any building or occupancy permits within the Project related to the Town Center Newport Road Improvements, regardless of the status of design or construction of the Town Center Newport Road Improvements In addition, the City Manager and Developer shall cooperate in good faith to 8 n gotiate and execute a TUMF credit agreement for the Town Center Newport Road Improvements, in a form and content mutually acceptable to the Citv Manager, City Attorney and Developer, eaeh_in his or her reasonable discretion. and consistent with this Section 4.4(a), that provides that the Developer, and its assignees within the Project shall receive up to a maximum of a dollar-for-dollar TUMF credit for the Town Center Newport Road Payment to the extent allowable by law and authorized by WRCOG ("Town Center Newport Road Credit Agreement"). The City shall, with the cooperation of the Developeru e reasonable and diligent seek WRCOG approval of such Newport Road Credit Agreement \b/ n addition, he C es t: consider eats D'istriet t be F ,1 .v� »6.., i1�j �$o�xrx Ciiadiiig fer the 1 V L G Ne..« t h4efehe ige ("I 215/Newport D d b"N ••• '»••""'b •••• ••••' >>x wi7poxc xxxccx cxxrza�gc—��ss —icpxscc interehangC-Distriet"�. Th, 1215/le"ert Read interchange Dxet_act shall «el..,le ., Rew eeff�ffiereial and residential ,7eyelop e«t iN41,i« .. broad eat afe thin the City of Menifee as allewed undefapplieable law. Se leng-as-similar! sitii. ed properties iid devele««.e«t Effe ineliided in the 1 215N Doa .1 T«te„el...nge Vistriet7 «t the Ve. ele«e« agrees to eense to the f«...,,. ..,tieof 1 Vietriet to the assessments ef tEeEes ralably a11e.,»w» te the P the 1 215, e ort Read k4e el, e Viet«,et ..,1 to "Y" �y ..y 'ap.,�� , .. the T 21 G/A e e«t Dead T«te«el ange V' 4 ••»••"b ••• Property ••••••»•.••�•.• vv........ v.... . ...,...vvvv'pvac iwuu uiccrci-raxxgczTrJcncT to a «rite and a Leet e ff t L. ..... ....y ..» �..., ,�...., ..Y... .ebre.. �.. .. :i.e....�.. ...,.» us.. v��s ..uvaw w uoo.se-ixr-exxe Te"ort Dead 1werelange Viet«iet d h C. ..y .......�....... ... t.... �..,...... v1...... .wu.n i..w.vu asci iio�xxc jge f,,... a-Bee ef its respe:3sibilities ert behalf of the Qt,.The City and Develepe agrees at unless the lity eY ..bpe ess e and the Veyel «e« otherwise, assessments the J speeia,l taxes for the 1 Dodd T«tetr ee will e District ill elleeted Are nt ift suchTentative Map 3.6 Acknowledgment of Extension of Term. The Parties hereby agree and acknowledge that Developer has fully satisfied the first 'Requirement for Extension" as set forth on Exhibit F of the Development Agreement and, therefore, the Term of the Development Agreement shall expire June 13, 2018, unless the Term is further extended to June 13, 2024 pursuant to the second "Requirement For Extension" as set forth of Exhibit F of the Development Agreement. 4. Interpretation. The Development Agreement shall be construed as having been modified by this First Amendment. Except as expressly modified by this First Amendment, the Development Agreement remains in full force and effect. In the case of conflict between the provisions hereof and the terms of the Development Agreement, the provisions hereof shall control. 5. Effective Date and Recordation. The 'Effective Date" of this First Amendment shall be the later of the dates on which the City and Developer execute this First Amendment, which shall then be recorded as provided in Section 5.1 of the Development Agreement. 9 6. Exhibits. The following exhibits are attached to this First Amendment and are hereby incorporated herein by this reference for all purposes as if set forth herein in full: Exhibit A Legal Description of Remaining Property Exhibit B Town Center Newport Road Improvements 10 IN WITNESS WHEREOF, City and Developer have executed this First Amendment as of the date first written above. "CITY" CITY OF MENI E, a municipal c at' n By: I Mayor ATTEST: 4Pvt City Clerk APPROVED AS TO FORM: L�/-t7,fec,[� GSG �ity Attorne "DEVELOPER" STARK MENIFEE LAND, LLC, a Wisconsin limited liability company By: STARK OFFSHORE MANAGEMENT LLC Its: Manager By: Its: Authorized Signatory 11 IN WITNESS WHEREOF, City and Developer have executed this First Amendment as of the date first written above. "CITY" CITY OF MENIFEE, a municipal corporation By: Mayor ATTEST: City Clerk APPROVED AS TO FORM: City Attorney "DEVELOPER" STARK MENIFEE LAND, LLC, a Wisconsin limited liability company By: STARK OFFSHORE MANAGEMENT LLC Its: Manager By: Al' M;c)rlt� A•t�o Its: Authorized Signatoy 11 State of Wisconsin ) County of Milwaukee ) On July 17, 2014 before me, Jenifer C. Bersch, notary public, personally appeared Michael A. Roth, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of Wisconsin that the foregoing paragraph is true and correct. WITNESS my hand and official seal. q s - �' • NOTARY '. 2 _ Nib'•. r'UBLIG Notary P lic, St e of Wisconsin --''r 1111111,11W I 1c0N��o`` My Commission expires: May 29, 2016 (Notary Stamp) Acknowledgement Page to First Major Amendment to Development Agreement EXHIBIT "A" LEGAL DESCRIPTION OF REMAINING PROPERTY All of Parcels 1, 2, 3, 4 and those portions of Parcels 5, 6, 7 and 8 of Parcel Map 9504, in the City of Menifee, County of Riverside, State of California, as shown by map on file in Book 67 of Parcel Maps at pages 5 and 6 thereof, Records of said Riverside County, California, described as follows: BEGINNING at the northwesterly corner of said Parcel 1, said corner being on the southerly right of way line of Newport Road, as shown on said Parcel Map 9504; Thence South 89°30'17" East along the northerly line of said Parcel 1 and along the northerly line of said Parcel s and along said southerly right of way line, a distance of 1682.42 feet to an angle point thereon; Thence South 00°29'23" West along said southerly right of way line, a distance of 15.00 feet to an angle point thereon; Thence South 89°30'37" East along said southerly right of way line, a distance of 106.10 feet to the northwesterly corner of that certain parcel of land described as Parcel A in the Grant Deed conveyed to Riverside County Flood Control and Water Conservation District recorded September 29, 2011 as Document No. 2011-0432006, Official Records of said Riverside County, California; Thence southerly along the westerly line of said parcel of land the following seven (7) coarses and distances: 1) South 00°46'48" West, a distance of 514.68 feet to the beginning of a tangent curve, concave to the northeast, having a radius of 667.50 feet; 2) Southerly and southeasterly along said curve, to the left, through a central angle of 49°47'44", an are distance of 580.12 feet; 3) South 49°00'56" East, a distance of 218.59 feet to the beginning of a tangent curve, concave to the southwest, having a radius of 467.00 feet; 4) Southeasterly along said curve to the right through a central angle of 48°50'26", an are distance of 398.08 feet; 5) South 00°10'30" East, a distance of 297.19 feet to the beginning of a tangent curve, concave to the west, having a radius of 787.50 feet; 6) Southerly along said curve, to the right, through a central angle of 0°57'18", an arc distance of 13.13 feet; 7) South 00°46'48" West, a distance of 751.10 feet to the southerly line of said Parcel 8, said line also being the northerly right of way line of La Piedra Road as shown on said Parcel Map 9504; Thence North 89°20'37" West along said southerly line and along said northerly right of way line and the westerly prolongation thereof, a distance of 1040.96 feet to the southwesterly corner of said Parcel 8, said corner being on the easterly line of said Parcel 4; Thence South 00°49'05" West along said easterly line of Parcel 4, a distance of 44.00 feet to the southerly line of said Parcel 4, said southerly line also being the centerline of said La Piedra Road; Thence North 89°20'27" West along said southerly line and along said centerline,a distance of 1325.12 feet to the southwesterly corner of said Parcel 4; Thence North 00°51'17" East along the westerly line of said Parcels 4, 3,2 and 1, a distance of 2630.96 feet to the POINT OF BEGINNING. Containing 127.73 acres, more or less. 2 EXHIBIT "B" TOWN CENTER NEWPORT ROAD IMPROVEMENTS Estimated Quantity Unit Unit Cost Cost Rounded Town Center Drive and Newport Road Traffic 1 Signal Modifications 1 LS $ 50,000.00 $ 50,000.00 $ 50,000.00 Calle Tomas and Newport Road Traffic Signal 2 (New) 1 LS $ 250 000.00 $ 250,000.00 $ 250 000.00 3 Newport Road Striping 1,287 LF $ 8.00 $ 10,296.00 $ 10,000.00 4 Traffic Control Signs 1 LS $ 15,000.00 $ 15 000.00 $ 15 000.00 5 Newport Road Sawcut for Median installation 3,399 LF $ 2.00 $ 6,797.28 $ 7,000.00 Newport Road Pavement Removal for Median 6 installation 2,626 SF $ 2.00 $ 5,252.00 $ 5,000.00 7 Newport Road Medirm 2,626 LF $ 11.00 $ 28,886.00 $ 29,000.00 8 Newport Road Median Landscaping 14,568 SF I $ 2.50 $ 51,480.00 $ 51,000.00 Newport Road Median Landscaping Irrigation 9 and Lighting 14,568 SF 1 $ 2.00 $ 41,184.00 $ 41,000.00 10 Newport Road Curb and Gutter 1,287 LF $ 15.00 $ 19,305.00 $ 19,000.00 11 Newport Road Pavement 32,221 SF $ 5.00 $ 161,105.00 $ 16L 000.00 12 Newport Road Base 32.221 SF $ 4.50 $ 144,994.50 $ 145,000.00 13 Newport Road Sidewalk 6,435 SF $ 3.00 $ 19,305.00 $ 19,000.00 14 Newport Road Landscaping 20,592 SF $ 2.50 $ 51,480.00 $ 51,000.00 15 Newport Road Irrigation and Li titin 20,592 SF $ 2.00 $ 41,184.00 $ 41,000.00 16 Newport Road Street Lights 9 EA $ 5,000.00 $ 45,000.00 $ 45 000.00 17 1 Newport Road Bus Stop and Shelter Lighting 1 I EA 1 $ 10,000.00 $ 10,000.00 $ 10 000.00 Driveway acid Traffic Control Raised Island(for 18 right inhight out) 2 EA $ 17 500.00 $ 35,000.00 $ 35,000.00 19 Erosion Control and SWPPP 1 EA $ 25,000.00 $ 25,000.00 $ 25,000M $ 1,011,268.78 $ 1,011,000.00 Town Center Newport Road Improvement Plans $143 000.00 Total: $868,000.00