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Agreement for Reimbursement of Costs of Permanent Public Improvements 1986-322042 .. . 1463 . S6-:)22042 -,....-.- . i : ~: .::', \ 'l ," ,,' '! ' -, - i'... " , " ) Recording R~ques~ed By: ) :-i~:' J'~I 3\ fll \: 01 ,~'J) ..... ,', ) City of poway ) ~VER.i', !_, !,YLE J ) COUNl Y ?::ORu[~ When Recorded Mail '1'0: ) ) City Clerk ) City of poway ) P.O. Box 789 ) Poway, 0\ 92064 ) ) NOFEf. ) AGREEMENT FOR REIMBURSEMENT OF cos'rs OF PERMANENT PUBLIC IMPROVEMENTS (POWAY MUNICIPAL CODE CHAPTER 13.24) This Agreemen~ is en~ered in~o this 8th day of Julv , 198 --2- , by and between Rafael Aguilo And Ana M a rl,a Agu i 1 0 , a(n) married, h.usband and wlfe , hereinafter refe I' red ~o as "Owner'" and ~he City of Poway, a municipal corpora- tion, hereinafter referred to as "City," for ~he reimbursel1lent of cos~s expended by Owner for the installati'on of permanent public improvements. The parties hereto agree as follows: Section .!..." Authority The City is au,thorized by its general police powers and by statutory and case law to require Owner to install those certain permanent improvemen ts hereinafter descd bed as a condi tion of approval of sewer maIn extension on Golden Sunset Trail between Espola and Crocker Roads Plan # 801-04-175 which improvements behef i t those properties hereinafter descri bed as "benefiting prope'r,ties" not participating in the cost thereof. The City is authorized to provide a me,thod for partial reimburse- ment, for the cos~s of such improvemen tis' from such nonpartici'pating property, owners in accordance with Chapter 13.24 of the poway ~unicipal Code. Upon full execution and recordation hereof, this Agreement shall provide the sole method of reimbursement through the City to Owner for a portion of the cost of said improvements. The City shall have no payment or reimbursement obligation to Owner for the"cost of said improvements, except as specifically provided herein. Section II. Definition of Terms The terms used in this Agreement shall be defined as set forth in Section 13.24.02 of the poway Munici pal Code. Section III. Description of Prooerties Affected The real properties affected by this Agreement shall be the . r 1464 . property ,Owner legally described in Exhibit 1 attached hereto and the benefitrng propert ies legally dE!sc!:,.ibed in Exhibit 2. The obligation <:if'the owner of each benefiti ng property shall become a lien upon such property for the term, hereo'f, payable only as a condi tion of ,approva 1 of .any development of the bene f i ti ng pro- perty, provided that the imposition of such condition shall be reasonably rela tedto such development. Such obligation shall be a lien upon and run with the land and shall be binding up'on the subsequen t owners of the benefiting property during the term here- of. Section IV. Descr i ption of Improvements The precise locations of all improvements subject to re i m- bursement and the complete dimensions ( including frontage) of all benefi ti ng properties are set forth in Exhi bit 3 attached hereto. Section V. Reimbursement Schedule The Reimbursement Schedule in the for,m requi red by poway Municipal Code Sec,. 13.24.040c, as approved by the Ci ty Counci 1 of the City of poway after public hearing, is attached hereto as Exhi bit 4. All references in this Agreement to re imbursemen t or to a reimbursement schedule shall mean reimbursement in accordance with the te rms of this Agreement and Exhibit 4. Section VI. "Term The term of this Agreement and all obligations and liens created hereby shall be ten (10 ) years fro~ the date of this Agree- ment as set forth on the first page hereof. Upon expiration of said term, Owner, shall be entitled to no further reimbursement pursuant to the terms hereof, owners of bene,f i ti ng properties shall be under no obligation to Owner pursuant hereto, and any lien created hereby shall automatically and without any further adminis- tra ti ve or judicial process whatsoever, be null and void and of no further force or ef fect. Section VII. Aqreement of Payment for Reimbursement After public headng as pr.ovided in 'poway Municipal Code 13.24, and upon execution hereof by Ci ty, City agrees during the term hereof to collect from the owners of the benefiting proper- ties, those owners shall pay to the Ci'ty, and the City shall reim- burse to Owner those benefit charges set forth in the Reimbursement Schedule, plus interest of five percent (5% ) per year compounded annually, less the admi ni stra ti ve charge provided in Chapter 13.24; provided, hO\f?ever', the Ci ty shall neither collect nor reimburse any sum which is not reasonably related to the development of a bene- fiting property. The method and obiigation to reimburse Owner shall be subject to the te rms of Chapter 13.24 of the poway Munici- pal Code, as the same may, from time to time be amended. Any 2 ,.~. . 1461" . amendment qr, r,€'peal of Chapter 13. 24gec,reasing the entitlement of " Owner herein shall be binding upon Owne'r, herein immediately upon the effettivedate of such amendment orr,epea'l. Owner ag rees tha,t this Agreemeh~ shall be automaticaUy ,amended by such repeal or amendment of Chapter 13.24, effectiv~ the effective da~e of such repeal or amendment'. No amendment of Chapter 13.24 purpor~ing to increas~ the'li~bility of a benefiting owner shall be binding upon a benef i,ti ng owner herein or upon the City hereinunder. In the even,t of a conflict between the terms hereo.E and the requirements of Chapter 13.24, the requirements of Chapter 13.24 sha 11 control. Benefit charges shall be paid, collected, and reimbursed in accordance with the terms of Section 13~24.070 of the poway Munic- pal Code in effect at the time of such payment, subject to the terms of this Section VII. Section VIII. Trust Aqreement Promptly upon collection of all or any part of a benefit charge, the City sha 1.1 depos i t such funds ,in a loca 1 financial insti tution in a ~eparate account in the ,name of the Ci ty in trust for Owner and City. Payments from such account by City to Owner and to City in accordance with the terms of Chapter 13.24 shall be made at such timesBs are convenient to the City, but in no even t less often than annually if the City has,received payment of any benefit charges. payments to Owner shall include interest at the rate of five percent (5% ) per annum from the date of deposit on the "'. principal portion of such deposit to which Owner is enti tled to payment. City shall be entitled topaymen t of its administrative charges of five percent (5%) of all amounts deposited plus all interest income on the full amounts deposited except the five percent ( 5% ) interest payable to Owner. The right of Owner to payments from said trust accoun't shall be personal and shall not run with th~ property of Owner, be assignable by Owner, or survive the death or dissolution of Owner. In the: event of death or dis- solution of Owner, all monies on deposit in said trust account shall be automaticglly, immediately, and wlthout notice or adminis- tra ti ve or judicial process payable to City. Sect,ion IX. Hold Harmless ~ Owner Owner hereby agrees to indemnify and hold harmless the City from any liability whatsoever, based upon any legal theory what- ever, for any loss or damage direct or consequential, to Owner resulting from the failure of the City to collect all or any part of any benefit charge collectible hereunder or resulting from the failure of the Ci ty to pay to Owner in timely manner any trust funds to which Owner is entitled. Owner specifidally agrees that it is wi,thin' the sole discretion of the City to determine that payment of the entire benefit charge would not be reasonably related to the nature and extent of developme'nt of a benefiting property. I'E , in the even t of such a determination by City, City collects less than the full benefi t charge at the time of develop 3 . (; u. " ment, Cityreta'ins the right to collect the balance of the benefit charge upqn fUICtttE!r development, and Owner wai'vesand releases City from any',claim 'i,t may otherwise have to require 'City to collect the full amoimt of such benefit charge at the time of the first down payment. Section X. Recordation This Agreement shall be recorded by the City after full execu- tion hereof and prcnnptly following acceptance of the subject im- provements by the City. If for any reason this Agreement is not record'ed, Owner holds City harmless from any loss or damage arising therefrom. Section XI. Voidabi li ty In the event that Owner fails or refuses to complete the subject improvements in timely manner to the satisfaction of the City in its sole discretion, this Agreement shall be unilaterally voidable by adoption of a resolution af the City Council declaring this Agreement null and void for failulCe of performance by Owner. Section XII. Governing Law and Venue This Agreement shall be governed by' the laws of the State of California. Jurisdiction and ve n ue for any li tigation arising herefrom shall be the County of San Diego, State of California. Section XIII. Severability If any section, subsection, sentence', clause, or phrase of this Agreement is for any reason held to be invalid or unconstitu- tional, such decision shall not affect the validity of the re- maining portions. The parties agree that they would have entered into this Agreement and each section, subsection, clause, and phrase thereof irrespective of the fact tha,t any one or more sec- tions, subsections, sentences, clauses or phrases be declared in- valid or unconsti't'lltiohal, and wou19 have approved the same even though any parts, sections, subsections, sentences, clauses, or phrases that may be held invalid had been omitted therefrom. poway, California, on the date first stated above. ENT ~;;," uilo HERA D R. CITY POWAY, By , Mayor 4 ,,--. ---.,--...... --_...-~-_. .- ST,(1'EOF C'A'Ci FORNIA, . l~i iiI" )SS E ,COCNTY OF 1 O~ AIlgplp~ FOR No"TARY SEAL OR STAMP " 31 .' May , 1986 ,:On dllS__----- ~ay:nr- . mtheyear 0 hdo" me, Ihe ",'JCCSi~ocJ,,'!,otary,rulili~,in andJor said,CuunlY and StalC, c ~ pCA,,""J~ arpcared Rof>"'l f' 'n~II;l'n .ndnne Me,.; il. u << . '6me<<L "'AL .. "gu1 ,0" "" " ' , rcrsonaliv'known 10 m' (""p,o"edt<; me on llie basis ofsalisfaClo,{c,idcnccl I~ ;'_ . _ [)()NAtD G BAXTER " , be Ihe pccs"n '"h,;so name i;sub;eribcd 10 Ihi,ins!rum,nl, and "knowlcd&cd ' ,c> :' NOTARY PUBlIC- CALIFORNIA ~ thaLhe (~he or they) cxccull.:d il. = _ , " LDSAHGElES OOUIllY '1(, ;.... My comm. expires" AUG. 30. 1981 ) ;; ,,,.,"A~ /Cl ~t: ~-...---.-_~.":,, ......~.~=-:::;..-J1 ~ eO 0 i= Notury,Public l!'l"and,lor sa~d.CounlY and. ale ,