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Resolution 244 - Corcoran Partition - Final Plat
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A.greernexxt. a.~_c-~ a.zx. ~a.vr~~: c~L W~.J.J.ow Glezx T~a.rn~.t~d Pa~_tno~skzip, t'.b.is f:i.nal plan-. al~pz-oval shall only becc~zne eff.er,i~.ve~ wlxerz 't:h~ a.ppJ.icants have saJ.d Parcel 2 0~ the partzt~.orrec.J. property to the ~~~i J. J. ota ~l en L,~i.x7s:i. tech Pa z t.nerslz:i.p . The Cha3. rznarz n:C tl'le P1 anzxi.nc~ Cat~missioz~. is b.ez:-eJay auth.ar.~ized l:a aign the f:i~aJ. plat on beJx.~zl~ o£ tk-z~x C:i.~=~, Jai;~~~. tl_i~ same :aJ",all z~ot be recorded ~€nta_1. 't:l:za :~alr--> c~~ k~az-ce1 2 to tlxe Wi11aw Glezx bim~.ted Partnership. Pa 3s~d J`ay the a~t.hezxticatioza. oi: :Pl azzxzixxg Commi ss i. nn and s~.gx~.ed by ~~e in ~.t.s passage this day of 1.992. ~'~~~~ ~-~it- P 1 azxning Corrsrni ssi on Ghai ~marx ~~ ~TTF`ST City Rcpte~senta.tive A.pprovecl :tx~y mP th:i.s day of J.3~'2, ~!~ ~ PJ,azxzx:iz~g C:amrn:i.ssiozx Chair€na~z ** Resolution was not completed due to certain dedications and other requirements that were not completed. Applicants will follow through by submitting brand new final plat which will require a new development agreement ** ~r,~~~~~~ cor~~~ ~szo~ ~~~or~UTZO~r pro. ayy_ (~_~.~.~92) ~~VEI~C1~'Ni1N':~' ~GR~~~~N`P (~Tilla~.r Cleri. P,~rtit,i.an} (37 ?W 2~C Tax L,ot 3.3.00 ) This a,gz`cketnc:r?.t , mada and e>r-rt.ez`ed l.rrL-a this clay c>~ -_, 3.92, key a. rid k'~e'r.~~er:n -~l-re City of Cents]. Point, C~z:egaz~, an Q~:egan ini.trri_cipal corpaz'at~l.on, hez-einafte;. z-e:~e?~sd to as "C~ty", and Gerald and F;stl~.ez; Cazc;araz~, Irert.after= ]_~~feY.reC~. tU a.S "Ca}°COLa1C).". Rec;a.t.a] ~.. Ca?: cara.z~ has previously been. gzan.f.ed ~t_enta'ci.ve pl are approval by City ~az~ partitian of a 7.~G-acre parcel, aff 1Vaz'c.h ~'enth ~tz:eet arrc~ adjaceril: ~ts> C;hezr~y 5tse~t., wh_i.cYi a~~pz:nval i.s sU}J~JeCt. 'CO c:erta.iza can.ditions. 2. Ccrc~oran ]~za:~• applied to City roa: final ~,~.lat: a~~proval nE sa~_d part.a.'ciora . ~. efnrc final plat appro~ial carz be obtained, Ce.rxtral Point M~.Fnic~ipa]. Coda: Chapter 1G.3~ requia:es, a~~rang athc~r tli.a_rsg~;, t-.I.ca-~ Ca~'caran and City execute and tale an agreernent. relatirir~ ~:a certain i~r,pa:ovements acrd repairs requited to be made in the r7evelapmen~t at i.s=,u€~. ~Io~•r, ther_p'~axe, in co:aside~_aticir,. of ~Lk-re c:avenanfs herein exchanged, tb.e pa.r t:~es agree as foJ.laws ~~~ eems<:r`r~__ 3-. PRQPE~TY ~4.~`3~`ECT~~. 'Pha.s agz-eement af:Fec'~s Parce] 2_ o;. the ~aarti.tiai~ed pr.s~perty,~which i.s fully desc;z:ibed s ~xl~~.b~_t. "A" att.ac;hed hereto and Jay this r.efez_ence inc_~or~aora.ted herein. This agreement shall be recorded, a.s intended to at~i~~i.cJi. ~:o T.'az:ccl 2, and skzall run wit-lx tkze land. err addxtinn, all subsequezat. pl~l_Cl1~;serG~ and COrC;C]Y,c`3xr.".~' J°re1.r.~, st2CCES.r.~Dr~" acid c`lws].~r5..ci SlaalJ, bC'. ]pound by tli.~.s agreezsnt . 2. ~0~~'J'~UC:'!'IC7~1'. Cnrcaz:arr shall Construct or cause to bc; constructed, at Ga`r_c.araa-r's awry expense, the a.mprnvoments, descz:i}aec] in and in eornpl ian.ce with, th.e fo]. 1 owl.rag 1. 'I'he tenta'~ive ~~Jan pz:r~v3.ously app~ovecl Tsar the proj~:ct, a.nclra.ding all condi.'c-~.ans placed on such tentai::~ve pJ.an appz~ova.?.; 2. Central Pa~.z~t PJ anriing Coanzrrisw3.on ~eNalt.z~.ian Na, ?_9'; 3. A],I cnna'r.ruction p].az~s a.z3.cl apecifa.cat.~.ara:~; 1. ~ ~71V~.T~OP~~;1`d~' ~,.C}~F~'M.~;~T (3.3.1692 ) ~. Term.., axzd c~ond:i_i,~.crz,s roz~f:~~irrE~d :i.xz tl-rc~ C:i_f.y"M, ~'~zbJ.ic:~ &~cz`J Staxzdaz:d~; ~' e r ~n s and c: o rr d :i i. i t~ 7~z : c. o n t: a i n e. c1 ~.. n ~ 1-~ ~~, ~° ~ r rr..; i. ;.- ti ~:~ E-- i. a z~ Per€~rit.; G. ~~J.1 f:er_ms ~.nd cozAd:i.ti,nrzs ,ef: ~:ori.~z kzere~.i_n; ~~xzc~, 7. ~'.xz.y a1~pJ.i.cabl.e ~~ravisicaxa of the Centz`a3. PairztN.iunic~.pa1 Cade. 3. S~:~U~T'~'Y ~'C7~; ~'F~F4~~~~~CE_. Tn corzrr~c:tiaxz w~.-~:h t1-a~.:7 agz:ec~zneni., Car.caran sha11 aI as subr€zit to City, to as,suz:e ]•~~.> car. 1r.er fuJ.]. and ~aa.thJ=u. 1. performance o'~ al, J, ak,I.iga~i_ans h.er.eunder, az1~~ of t.kz.e :Carats of secuz::ity approved undar Central ~'oi.nt. ~i~uz~:icaipa3. Code Chapter. 1.h, 1.2 .080. Carcarazx ha~a chosen tkre follaw:irxg: . Y~.Y surety baxzd cash deposit l e .i._ -~ c r o :C c r r~ d i. ~~ The uum agreed 'co secure Corcoran' a ~~erforrnazzce he~z-eux7.der is X80, 9$8, wh.ic:h sum is hereby deemed suff~.c..~_~~xzt. to cover the ease of tyre :irn~~raver:ients~ arzd repa~..r~;, including z'elat:ed engineer_7.nc~ az-zd i.ncidentaJ. expcn.ses~, ad.ml.n.istrative expenses, inflat.ion.ary c;ac~'frs, and the cast: of city irrspec;t:i.axz.s. ~. TS~~~ ~x~~I~t?~d~;~ ~'C)~ ~UNfiTR.UC,TTO~. Cc~rcar~zn sh~311 c°amplet.c- ~~acal~A axzd every obla.gatioxz co~l.a~z:,ec3~herein wzt~-za.xa 1.80 days frog; the date of the execLtl:~.an of thi agreci-nent.. Said pera.od may, iz~ f:rie gale discret:i_on of C:i_ty bc~ ex~t.er3ded, in wr:it.:ixzg, car..- a reasonable tune therea.ft_er.. In. the e~rerxt t~.ha'c City extenr3.s the ti.rnc for campJ.etion, th~~ Cl.ty may also, in 1.~~.s disc:rE•t:i_on, requiz: e arz ixzcz ease iz-z tl'ze amount. of seccrr ity for performance of t:1-ze project, wheti-zer a.t be by suz_et.y J~ond, casJ:~ deposit orr 1eti:ca~° of Cz°edit.. 5. R~:~E17T~S U~QN 13RE~,.C:S3. ~n the event that Carr.oraxa sh~zJ J fail, in any vaay, -i:o 1~erfaz-m t1-re nbligati.ons required. herein, City sh.al.1 have all rernedies available ~znder J.oca.1, state azz.rl. federal law, irxcludl.ng, but xa.ot lima ted to, completing ar causing cantp],etiorr of all abJ.igatioz~s h.erela.ndc.z; a.n.d px~aceedirzg agaixz~~t Corcoran, hi:, letter. of cr.ed:i.t, ka~.s c5ash deposit. ar 1-zi s bond fnzf r ec~ovez~y of th.e costs of said camel et~.an . Such east a sha11 ~.ncJ_ude al J. costs and expenses de.:;cr_ibed herein, 6. Zkl~~~C:T~C?ITT C~ TT~CIi:._. Corcoran shall pro-vidc ace~e;~s to C:i.ty to coz-zdl~c:t inspeet:i.oz.-a;, inc].udirag, buf: z~.ot l irnitc:d. t_o, they fallowing: 2 -- ~~V~;T.~C)~:'MENT AGpi~:~='.M~'l~T (1.1.7.~~2 ) a. Irzsgec~t:.:i.c~aa at~r.? 'i_r~s(-iz-ag a:f a] ] .:ataz:rn c]z:ai.nac~e, san.~.taa:y rewc~a= o~.~~c~, taat.c~r pipe ~a.rad. dire hyd-r_aa~.t~.s; b. '.t'.tT. :i.nspcci.~.can. at all s~}r~~:i.taa,y :aetacr_ a:n.d "tnt:m drai,.-a.ac~e pages; c' . x n s p e c t~. ;i. r,Xa a xa c3r; e' 4a t :i_ n.c; o ~ t. x e n c ]: a J:~ a c J;: ~ i l l :i. n, g .~ c> a: water pipes, st:.c,rrn draa.ra:~ and c.aa.~itaz°y s°ewer.:~; d. Za~sgc~ct.ian. arac] ~I:e=:~tzzxc~ a~ ~;ttbgra.de: ~~z:~-nr to p7.ac~_ng street. rnc]~ base; e. i n s ~,:~ e c f. ~. o z~. <3 za c; t; e s t .i. r-a. g o d Ja a :~ r-.: r~~ r:~ c: }~ p r i_ o r ~: a A l a c.:i. a: x g sttr~.~aci.x~g; Trisp~c~J:~.a:ra ctnr~ t. e; t: i.r~g ai t:Iic ~7]. acernc~ttt aJ- thy: sua:~facin.g n~a.teria.l ; g. ~xi5~7ect:i.on axa.c3. tcstirag prior t o x-~1.~tc:i.z~c~ a.xay c~axa.crete; h. xxaspect.:i.oxt a:~ at~her coxzstructioxr witka:i.n ptitblzr° :~a_csJ~at. a~ taay ar easement dedicated or to be dedicated. 7 < CO~TS__GF P,~~[_~ITRATTO~ A.~D ~~~P~fs".~`:[aN, Cor:cor.an agreP;a t.a gay City Paz` t]-ae casi:s af~a.drtta.z-.i.i.stratioz~. and ixasgectian aid tl~e pi~c}jc.ct to the e~ten.t. that th.e carne are reasonably a_e]-at.ed to C:i.ty's asc,ur:ing caa~p].iz~nce tait.h the plans axad s~7eci]~icatiaxzs, t_J-re C;exat.a`a.] t'c~~.zat Mtzn~_c~.gal Code, the wi'c.hir~ agreement, and all. at.her aggl:i.cab.le st.azzdards, rules, re~ul~ations and la~.rs, whic]-a. aum:~> steal ). be duce an a mont):rly basa.s and shall be paa.d t~~i.thin i 0 day=: o~ b_il ] :i.nj . ~a,a lu;~e. to pay such surrrs s]~a.). 1 be c,~rounds Paz: t~vithh.oldixa.g a.cc~e;~tancP a~ completed warp anal/oz- proceedirzc~ agaa.r3st Cat~cor~3n's ;~ect.tr.;i,ty far per:~ormance. 5uc1~. admixAistratiat7. and inspectiorx casts s]aall zzxclude, but nat be ].im~i_ted to 'c.h.e gal l ari7~.I].g: a. All insgPCtiox~s and te,.~t~.nc~ done pur.~~uant. to t_lze pz~e~iau~~ garac~ragh, ezdta_tled "~nspect~.nn o]` Worl~". b. McPta_rags tai.th Caa:c:pran, projec'r. exagineer ar dPVeloger.~ tr.> rev:i.ew gr_oject, City standa.rcls, specifications, ar_di.txaz7.ce~~ and pracedua: ~:s . c. L'roviding Cor.caraxt, Cnrcoraxa's represexatati.vc ar ar.~y jur~3.sdic'cj_ana.l, c~overn.rnexxtal, or utility entity tri.th infarrr~~at~.:.o~c-r c~ r?. G x ~. s t ~_ ax g c a n d~ t~_ a. oxi s, :~ a c i. l i. t. ~. e ,a , a xa d c a p ~..~ a l i rrtp r c> v em e n t::~, ~:E3cSU:L rc:~C~ . d. a~cviewa.ns~ a.l.l caa.Z:~tructinn draw:i.ra.g~w;, erag:i.nc=gel~ir-rc~ c~z~ spe~c~i:Cicat.~_ans far_' the canstr.-uctian of, ar madi.f~ica4:.:i.a.rz to ~`h_~ c r.=x~t:;t.a.uc:t=ion of , t)~ar~ irnpravemer~ts . e. ~ev]~e~4,r:i.rlc~ r~x:i.,:~ti.c,.c~ r3~;-_bl.ii.lt: in:€~c~,r,~~at:i_~an i_a a:~::i.:;i. :i_ii determinin.c,~~ the l.r~cai:..~arz of exa.st~.i.~c~ facil_i-i:.a.~~;a. f ~l l G`05t-s o%'c7.~:;p1:,.<:~;~- ~.~,prt 1:~Vlew cl.nd p1:OC['SS~.7['iC,r a-nc~J,3~d.ing, b,.z'c n.ot. J.irnit~:~d t.o, arJrniril.strative~ and lc-gat staff ti~~~ rn~,t.s, p] an cJ~.~c~cJ~s, r,ozi~:t_ruct.a c7n ~.z,.~sp~.c:i-:i.c,za aricJ pr_ep~7.rat.i_~,z-, of agr_eemei~its, i.o the e~f.erit: that tk~.e Same a3~e in excess of the f :i. ~ ~. rz c~ f c e . 8, I~~CC~PfC`,~.PvC~ O~`_C~C}~'i~'L,FT~'33_-TA3~~~. Upon c.omplei::i.on cif the ;i-z~zprovc~men'c.s i_z-,. : tizl lTTccimpJ lance w:i.~i.h the' tnrit:ative p'la.z~ p5:eviously apps_oved x`or.~ the project, aJ.1. coridit~.oz~.s pJ.aced o.r~ tPnt:ai:ive pJ.axi app:cr~v al , aJ l consts:urt~-c~ri plans, consi.r7rGtian spec~if~-cations, terms and rondi.tians cont.ainc~d in tJ-ze Cit.y's PubJ ~.c War:J~a Starzclar.ds, t~-erms arzd canda.tionc~ c:ani:ai.ne,c~ i_n i:b.c~ c=or-i~~truct~_ora permit, tac~ethei~ ~aitk~s al.l 'terms and carxditioza;a sot forth hereizz ancJ aray appJ.ir.:aJ~J e ~~rott:i_.aa.ans of the Ce::citz-al. Pc~ini: I~uz-,.a.r,~.pal Cade, the ~'r.zbl~.c Works l~irectnr, az: his de:~:i.gnee, sl~.aJ.l }a~~rfnrrn ~~n izzspect:i.c>t~. ~f alJ i~aorJ~. is found to Sae sat z.,:;fczc~.c)a:y, a.z-zd all dr fx-c:iencies, if an.y, J-rave been cured ley Corcoran, th.e ~'taJ.~J.:i.c. Wnz:li s Spa-~ectoz- c1-zaJ-~ i:~slze •a, ta7:~.t:teza ac cept.ance of e.:ompleted worl~. iJpr~rz such acceptazacc., the Cif.y ~d~n~.n:istz:a~-o~: s•J~aJ l be ar?€;l-zor.iz,cc? to relea.;;e any sizrF_~ty bond, cash depc,sit. c7 r: Iettei: of credit. pos%ed by Carcorar~.. 9. GU~.P_~J_VTFF_C3~` &~TC}Rt. Corr,c}rar7. gtaarantees, far a period. cif ttao yeaa~s f ram ace°ep'cance of ccampl eted t~raz:l~, that aJ. l i.mp~~otrement.s hereunder shaJ.l be free fro~-n defects in mater:~als aria worJ?:man,`h;i.~). Friar to tl~e expiratign of ;~aa.d warranty ~~e?_ lad, City sJ~aJ. J. deterir~ixre if airy material s r~r worki-narxship clef :i. c:i-err c;~.ec, e~:i;at, and at City`s request, Corcoran sJ-i~17 r_c~pair or cause tine repair of aJ. 1 si-zch deficieric~.es. In. the even. t. i:J~ze.i E u~:e nc~ clel:i.r.,:i.r---~n.c°i-es, oz upnr,. approval of any nec:ess;ary z:r~pa.irs, City shaJ.3 issue a written document cert.ifya.ng Corcaran's sat:i..:>~~actory cr~mpl et~.gra a ~-Warranty. ~.0. ~UI)'~~T~.\~ S~~D C?C;CL7P~,]~CS'-_.~z~:iT-. T~pon execz.zta.on of 'r l-,`~._; agreE~morit and upon ~,at:isfact~.ori of the seciaz::i.l:y for pexfa~'rrrax2c:e requirements of Cer,t.r.aJ, Pain. t. Mui~ia_cipal Code I.G.72.080, C~.t.y may issue building permits to Corc:c~z:a~z coxacurrently w:i.th canst.~~~r-zc~l::ioi-.+. work upon the iitrprovP~rtents themseJ.ves, under the foJ.lowinq tQrrn~> and c ondi t ~. oz:~s a. Corcara.ri must, prior t.o cor~trnexicizir~ can:at:cucfi.-air uiZder_ ariy sr.zch bui~d~-nc~ perrn~.ts, or aJ.lawing tJ-re cair~mencei-ner.~t of construct.a.nn ~t:l",ereunder, fur_xxi.sl-r a si.i~`vey pez:formed by a registered pi:afe:~._ziorxa.l J-and ~~r-zz`veyoi: rnceta_i~g tJ:,e Zequiremerits of state. l~3cv, seti:.iz~ic~ c)ut the prc>pc~rt:y caz:z~e~:c. foi the l.at ~o~:' ~trJ~:i_c,I^~ the JauiJd.~.r~.g pc:rm~.t. or perm:i.ts are to J-~e i~ssv.cvd, w:i.th either irai~. ,- . p.z-i ar.~ ti,~c>orl stake, f?si.abl?.sr,:~.i7~' sriicl c°c~7:xic~:~~;. 4 -- ?~Z<<l~z.~~T'Ni~N'`x.' PGZia;F;M~}V`~' { 1.x.7..692 ) :] . C a a` ~ ` a J: a 1). ll'llt S l: ; ± 1.1 ~:)1Tl :.i. '~: c;, ~7 J, ix 1") .( ("~ ]: t }"t ~' p x C7 l: E:. C`, t.:L (:>''# l (`) s~~'.reet7 and improvelnant.s'~ ~~at.i_stactaa_y tc~ City, arzd ,h.a].J. ~l.:;su.?l~E. al. }. r_ es~~o;cas~,}sa. ] ~. t:y :C aa^ axzy ac3c3:i. t::i ral.7r 1 rya: cat: A: ect:i.vr~ wo): ]?: tI'l~zt: may .'oe rxec:es~>aa=y to t.}ae i.tnpj.ovemoirzt~s, a~ detet'rnaned key C:i.ty rx; a rosult:. oJ; tkae c:o:tl~'at3.:lrt:i.on oea:for._~ned lzzxd()l_ i. k,.c~ }:?l.tiLc3.:;.xzc~s };(:>7:ln:it:~, authorized. c, . C`, o z: c= o J. a xa lT'n.l s t ~- rx d c'rr7 n :d.:C y ~ xx c~ L~. o L cL t: }-l ~_~ C a. 'c ~' l.'z.<~ ~~ r~ l) r-; :-> :i~zoln ~.ny arzd al.l kiabi}.it.y by J_easal~ c>~ 'chc. :i_asu.ance off: any slash. bu:i.ldiaag perm:i.t~; oa: any i.xl jtzt: a (~s az: dallla~es i.xac:uJ: r=€:ci k~~' az_ty person by reasc~z~ oc r..oz~.struc:t.inz~. tir.n,dea: thy: per:lnits or any cl.r~ti.rns of~ :~zay sort. aa.isina out a~ the ~.ssuance o~ t-.I'ze L7ll:i. i da.alg ~~ezlla.i. f. arzcL corxst.z~act:i.on. pe+°~cz_ttled thez_~uxxdE>; . d. C`.orcot~axx sh.aJ_1 not sell axxy of said ?ot.s ot: ezzt.e}: into any ac~reernent tc~z: the ~>ale o~ any al.tc},. lot:, tlnlc~:~s 1-ze ha; ~.i.;~::~t; ~l.sJ:li~.:~h~d isa ithe C~.ty wt-:i.tt.en ~~l:onf off: {:kz~ fact that t~zrr hcls e3dVJ_5E?d c`1 puz:chaseJ: U1. j~1:OSpeC'C~.~Ie plArChc~sC~r 'Ghat. xA0 t:C.i'C3 ~'LC;~a~.F' qi: cJCCUpanc:y w_i.11 }~e a.~>suecJ bar City l.taat~.L ro~-n~]].e'ciot~., appr_"ov~:}. and acc~cpt.arxce o~ the i.nTpa~averncaa~ts by the Ci ty, in acc(az:daxzc~, t~itl~ '1.}~.~ e:~~ti.J~e Develo~}mexr't: .73c~z:eefTtcnt, aa-xd ac~z-e(~ i.o assume :i:l.ll.:i az~cL crJrnplete Liabili'cy and haJ.d City harrr7less kay rca,an aJ= 'r. }xe.-, J~tayus~-l~ }.>y t}~r~ C~.ty to i.c~~,~t.lc~ az~y sllc;h ccrt.ifi_c~ate o:E c~ccl.x~~axzc~y uxzti.J. the pravisioxxs of the ~eveLa~]nlertt. ~lc~t:oernc-~x~~: az~.d Ceotr<~7. Po:i.x~'t I~1~za~.r=~.~'z,1 CoC'ee Char, t,crz: ~.6 . 3~ :,haJ. L. have h(~e~n. xnet . e . Ne~.thet~ Corcoran, rzor axxy person on. }pis beha.l :~ ; ,hE~II L al 1 ow aaiothc:r pea: soil to occupy ~-]r,..y ] cat: o~ ~mpz"nveanF~nt.:~ thereoz-z larzt_il City ha.s iscsu~;c~ ~. c(~r'ci~:i.cate of c]ec~lpanc~y. 7.~.. I7C3~aS~ S~S~FIMT~PS~_A,~D ~N~I~R~~C~. Carc;or~z~. «~l~eer; i:a izr~? ~' L~a:rm7_ess City arzd it::~ du7.y effected axad appaizxt.a€}. of z:i.c~i raJ.a, ernpLc~yees, ag(~nts and assigrzc from any ~.nd aLJ. ].:iabiJ.ity aa: L@a~Oxl.~:1.1,J1.J ].'~~y Jay 1"E?~~:oJ:l O~ c~r1y aln~.iS:LQTla, @r~O~a, aL' C~.E.'~f:'.t.J_O):).:7 C7x"x the plans and speci~icationw ")aa~" t.kze irnprovernc~x~zts or ~hca caz-zst:a=ur°t:iaxx thereo:F, arzd shaLJ. ixxdernni~:y the same ac~airast: az:ty ;ouch ].iabiJ3.ty ar responsibility. Caz~cor.ax~ shall abt.a:i.z'a arzd ana,izzt:a~..n a poL~.cy cat l:i.al7:i.l.i.ty .nsuran.c:e coverage w:i.tkz pr7L:i.C`y 1 i.wi is a.xx t. Lae sum o~ not. less f.han orze lTti ]. l:i. c?rl clo? 1 aJr s { ~]., 000 , 000.00) r~orn}:x:i.nr-.: d. ~s~.rzc~l ra I ~.nTa t , na.tn:inc~ City and it;7 c~uJ. y elected and appoaa~.ted o~~~.cials, employees, ac~~=nts arzd assigrzc~, as insu>~cd paa:t:ios tk~r're:i..ri. ~:~. ~~SCE_~,~~.NEU~75- Pk~O[r~ST(~~5, Tkz:i.s ac~~oernent coaxtaz.xzs t.i~ze erxta.te. ago cement to wh:i.c;kr it. a~olai e~> axacl supc'rsecles arty pt::i..c7:i: ;~r~.l~'i,;en. of vc~a~bal agreements of rcpz`esoz`ztat.iorxs; this ac~ree~nca~"~. sha31. be }-~:~.ndincs uporz the 7?aJ-ti.es anr3. their, ageratN, su.c:c(~4,sc)r~;; ~~€. i:ll:. c1sS'~~.CJ?~~a r {'a~'G'OL'cTrt s hal J. a~Ot_ c'~- ~"i~.gx] h1s l"J_~'L~t S Ur1dE':C' t~1C y C'.?`;1?~~ vc i:.kz:i. agzeerncant witL-zot~t. tJze ~>~p)°oss wa:itte:€t a~;'>~;~t~(av~~l of City. 5 ~- :C.3sV'l',Ot M~;I~T'1' AGRF~I/~~I~.' (:i 7.1 G 32 ) :tz~ t~.l~~, evexz-t" cit.Iz~7: pa~~~:y i1~s~.:i.'c'ut.E~;a te~gat p1_~occ~c~cl:i.~a~s;s i"E~7:: t.hP ~U1`paSe C};~ C~11~C~7"C",~.~7g 'C.sf]C°? W1t.33.:7.ll~ c1g7`E'F'_171(~n'('. C77' ;~i(*.(=.'~i 1-1~3.~~ (~~37'Tlr3C~~-'.~~ ~a1: 'c-lrc breac:]~ ]-z~1.eo~, car to recover t:]~ze cast. c7 :f cc}777p1C'c.:i.c,r, ca: ':1~7.e ~~,r{ipx:avc~rnF=nts des c.lribed herea.n., :t n.c;ludi.z.~.g az~ ac'c~~.ar.7. aga.a.za:at Gc;rnnaraz~, ]i:i_s~ ]_;oxic], c;a;;k'z deposi.~. or_ l.e~_~-e7.: of c.:7_ec]:i.t:, 'r:k-~i: ~,rc~ra~.~ir~zg paa:t:y shat.]. }Je Pntit]_ed to z:~c~a:sc~r attorney feEs ~,zac1 cRc:=sts ;i x7c7zr7: ~:cl at t.z-~.al ~zrld on apps-~a] ~i_11 r easc~7~abl r=~ z~,zmf; to ]~r-~ dry t.e7.`lni.ned by the r espec:t ivFa c=oizr t:s . 1. ~. ~k2.F~~T~~G_ FT_~F~I, F~.~.'.I'_~_P_E'R_O~_'~z,. 3t ir: 7znder:;'r_oad by 'tri~.r: parties that. upax~ exociation of ~t.h:i.s agree172en'c and rc~lat:od r~oc~urnez-7.ts, G.iy ~,7ill is~aue final plat app~_oval. F;;~~;C'.t3TE17 IN ~[3~'~~Z(';~`:['E, c.ac]~ party ret:ain.ing an c7r~.g:i.xxaJ.. C:it.y of Ce.xztral Paint, Oregon y Mayor Roger ~7e._~tansee T~uthari~ecl Represen.tativa S'l'ATF; OF OREGC}N Coul~.ty of 3ackson. On f:he _. day of persanally appeared , 19 9 2 , b e :F a ~: t~ 17~ c~ --_ _ and _ _ , wha, bc~izig fi.rs~t duly suaoz-n, e<zch far_ himself and raat faz the ather, dial ~;ay that. thE. fanner ~,~~ anc] the ] atter is the of the City of Gezatr~.l Pcin.'c., r;.n. O7;i~c~an 171uxaa.c:ipal carpora~t.inrz, and t.lzat tb.e foregoing insta.:u7~7c~nt. Baas signed on behalf of said 1771_lnicipat. c:arparat_i.an. by a.uthar~_?.y a -tw; C,~.ty Ca7zl~lcil , acrd each a:C t-]~.e171 ac]~xzowl edgec] the :~ozrc-,c~c-~:i.xi;~ :ixlstrurnEnt to he his or her val.unta.ry ac-t. anal d.eecl. } ss. C;f?rc7.ld COrCUr~.]C7. ~Iatary 1~ubt.a_c for Oregon. Any Co7nlniss~.on E~p7-7.:es:_~ Esther Cor ror az~z -- ~~;~7E~Q1?~~t.F..l~t`~' ~c~REFMFNT (111 C 92 ) ~~?~~~ o~ c~~~ro~ } c; . CGL1Ii~.y U~ Ju'~C`J~~GIi ) Oz~ t_he-~ day c>f_ ~_~3~32., Ja~~:oz:~ m~ ~>~r_~oz~~11~' aplaeared C~F~z:aJ.c~ Cor:coz'azrt aa~cl ~',s~.~t~z: C;GZ:cc>a_arz, t~rliG ~~~:i-zip ~:~.z:,~t r~ul Y SwUZ'~, ~c:l~zi.owl ~c~c~c.~J t.I~ze~ ~oL~agG:i.zzg :i_zi;~i,r.urrzc.nf. 1_r_a '~~~r..~ac~_€,a: volzzzi'caz:y ac'c azici dPecl. ~VG~:az:y Ftzbl.~.c foa~ QI~~gGrz Iii y C c>rnzn i ~> w> i. o n, ~ ~ ~> i z- r-; 5 ~ -- EXHIBIT A - DESCRIPTION 0~' P1IRCEL 2: Commencing at the Sauthwes~t career of Donation L,az~d ClairEt No. 55 in Township 37 South, Range 2 West of the Willamette Meridian in Jackson County, Oregon; thence North 00° 21' 10" West clang the Westerly line of said Claim 10Fa2.58 feet to a 5/8 inch irr~n pin; thence South 48° 46' 20" West 253.44 feet to a point on the Northeasterly line of Tenth Street; thence North 42° Z5' 20" West along said Northeasterly 3.ine 1,6.88 feet; thence North 48° 54' 10" East 130.01 feet; thence North 42° 15' 20" West 1.75.56 feet, to a paint on the Southerly line of Cherry Street; thence North 48° 12' 40" East along sa~.d Southerly lane 258.10 feet; thence North 32° 45' 25" West 25.31 feet; thence North 48° Z2' 40" East 27.93 feet to the POSNT QF BEGINNING; thence canti.nt~e North 48° 12' 40" East 27.73 feet; thence North 89° 51' 40" East 439.04 feet to a point nn the Sauth~~estezly line of Interstate Highway Ncs. 5; thence South 45° 00' 10" East along said 5authwesterly Line, 364.53 feet; thence South 45° 01' 10" East along said Southwesterly line, 300.21 feet; thence WEST 363.59 feet; thence North 45° 00' 1.0" West 628.04 feet; thence South 89° 51' 40" West 91.82 feet; thence South 48° 12' 40" West 25,1.2 feet; thence clang the arc of a 50.00 foot radius Carve to the Left (the fang chord to wh~,ch bears North 26° 47' 22" West 25.88 feet) an arc distance of 25.18 feet to the Point of Beginning. Containing 3.98 acres, more ar less. 8 - DEVELOPMENT AGREEMENT _ EX~I~3IT A (111.692} 1~'~F~~BI~' ...~ - ~ ~ l 3+~, ~ ~. S i IE ~ (ii-~ ffitil3 til. ;\.f~. ~ }`t ), fii.:.}i fi:': 11 ~`-'•,S1,1-.`•1. C~H Si:.iC~~2 R f !?a; ~:;~~-:i.t~~.a 1. ~CaVEI1Z}?~i' 7 a, ~.~~~ LL~:R d~' CREUI~!` N0. ~ OUP ~: Ths City of Central point We hereby ~~ our irrevocable Letter of Credit in you favor faz the su}n ar sums rtoL• exceec3i.ng the taLal a~rraunt of $60, 74Z. 35 '~f~is Lotter of Credit is issued at trte retest and for t}1e acrni~nt of our customer, t~iilla~a Glen Limited Partnership (Larry Ta}carski } . ~1he Letter of Credit is available to you on1.y u~3: l . Your sight dx~nf L- for arty sum riot exc~edirrg t}te faoe asr~urtt Af ~ }i~ £f 1.,~'tt+W r f3f C~'edi t, 2. Yottx stat~teni: executed by the City hlattdgez ar Gity Attorney . o£ the City of Carttral Dint, Oregon certifying: Tate tsndexsigned laereLzy acwrti.fi.es that Wi3.la~w Glen L~,m~.ted Qartnersh~.p defaulted under their obl3.gal.~.an to cx~rtstct those ~.mprove~t~nts itz ~~ above named ~ro~ect. F.ar,~~ draft must boar on its fora the c3ause~ ''Drawn under Fetter of C~^sdit Na. 10~fg, dated Novt~t~ber 10, 1992, of 8~trtk of Salem. TH~~ i~:'1•!'~t ar CR~IT EXPIk~S ANC7 IS ~01U ~~ DIIf,AE~}D T5 MAUE H~DFR t~I f7R $~E ,~UfVE 8, ~ $~~; AT S,A~I~'K OF' ~~ 615 HIt~ SI'. NE, ~SALI~~l, ~ 9730E . we hP_~RZ?v flG1rT~F~iP. 1'~ya~ tiny ~rA fi- L a t r7Yaulri ~:rr~.ir arvi i n rwe+~,1 i a...,..., rt3.~1~ this Letter of Cr~iL-, and be€ore the exgiraf,ian dales of June 8, 1893, will be dtt3y honored so long as the amount(s) thereof c1a not excee+~ tha fatal credit extended. 1 yrn3r~, P. C. ~rontakis 1'rasi,aent ~v: sc ~xxz~~~ ~._..,~. WESTERN BANK November 18, 1992 To Beneficiary City of Central Paint 155 South 2nd Central Point, OR 97503 Far Account Of Daniel A. Kosmatka Victor D. Kosmatka 640 Superior Ct. Medford, OR 97504 Irrevocable Letter of Credit No. SB92~-0048 Amount: Twenty Thousand Two Hundred Forty Six and 65/100 Dollars {$20,246.65) Expiry: August 1, 1993, at our counters in Coos Bay, Oregon Gentlemen: We hereby establish our Irrevocable Letter of Credit in your favor available by your drafts at sight an ourselves and accompanied by the documents specified below: • Beneficiary's signed statement on their letterhead stating QUOTE "I, the undersigned duly authorised signer for the beneficiary, certify that Wi11ow Glen Limited Partnership has failed to complete certain construction as indicated in that certain document commonly referred to as the Development Agreement covering Willow Glen Partition, 37 2W 2BC Tax Lat 1100, dated November 3, 1992, which references recitals found in Planning Commission Resolution #243, Section 3 Conditional Approval specifically naming Items ]. through 16 that must be completed." UNQUOTE • Beneficiary's signed statement must reference the specific item that has not been completed, and identify the corresponding cost and amount being requested. • This original Letter of Credit. Other Conditions: • Partial drawings are permitted. • All Drafts must be marked QUOTE "Drawn under Western Bank Credit Number SB92-0048." UNQUOTE I? O. Box 869.990 South Second Street ~ Coos Bay, OR 9742©-4328 • 'hone: 503-269-5171 Fax: 503-269-4273 • Member FDiC Irrevocable Letter of Credit no. SB92-0048 Page 2 November 18, 1952 This credit is subject to the "Uniform Customs and Practice for Documentary Credits (1383 Revision) international Chamber of Commerce, Publication No. 400." We hereby engage with you that all drafts drawn under and in compliance with the terms of this credit will be duly honored if drawn and presented for payment at this office on ox- before the expiration date of this credit. Sincerely, WESTERN BANK ,. ._ ~~ ~ ~ John F. Do~y ' Loan Administration Officer (503) 269--4201 4