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HomeMy WebLinkAboutAgenda Report - June 20, 2007 E-14I LAAGENDAITEM ~ CITY OF LODI COUNCIL COMMUNICATION TM AGENDA TITLE: Consider Approval of Insubstantial Amendments to the Assignment and Assumption Agreement, attached as Exhibit G to the Development Agreement by and between the City of Lodi and San Joaquin Valley Land Company ("SJVLC"), and thereby consent to the assignment of the Blue Shield site from SJVLC to Blue Shield, and Grant of Temporary Easement. MEETING DATE: June 20,2007 City Council Meeting PREPARED BY: City Attorney's Office RECOMMENDED ACTION: That the City Council approve the insubstantial amendments to the Assignment and Assumption Agreement, attached as Exhibit G to the Development Agreement by and between the City of Lodi and San Joaquin Valley Land Company ("SJVLC), and thereby consent to the assignment of the Blue Shield site from SJVLC to Blue Shield. BACKGROUND INFORMATION: Council approved a Development Agreement with San Joaquin Valley Land Company ("SJVLC) effective September 6,2006. The Agreement contemplates the assignment of its obligations and benefits in Paragraph 22 in a form attached as Exhibit G, entitled "Assignment and Assumption Agreement." SJVLC and Blue Shield have agreed on a form of Assignment Agreement that differs, although insubstantially, from the form attached as Exhibit G. The changes relate primarily to the fact that Blue Shield will not assume all of SJVLC's obligations, instead leaving them with SJVLC. As proposed, SJVLC alone would retain the obligations for the Downtown Impact Fee, Continued Maintenance Obligations, Fire Station and Equipment, Public Art, Animal Shelter, Utility Service, Annexation, Community Facilities District, and Citizens for Open Government. The Agreement also adds indemnity obligations between SJVLC and Blue Shield and a California Chose of Law provision. Finally the Assignment Agreement is conditioned on the City Council granting a temporary easement over the 30 -foot strip between the Blue Shield site and the North Highway 99 Frontage Road. The easement is necessary to ensure Blue Shield has access to the Frontage Road until the roadway improvements are created. Approval will therefore grant the temporary easement. Paragraph 12.3 permits such insubstantial amendments to the Development Agreement with Council Consent. FISCAL IMPACT: NIA APPROVED: Blair King, Ody.A nager RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Lodi P.O. Box 3006 Lodi, CA 95241-1910 Attn: City Clerk (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) OFFICIAL BUSINESS Document entitled to free recording Government Code Section 6103 ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT RELATIVE TO THIS ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT (her -e naftef, the "Agreement") is entered into this day of , 2OQ— , RECITALS 4—.1. On September 6, 2006, the City of Lodi "Ci and Developer entered into that certain agreement entitled "Development Agreement By and Between The City of Lodi and Rial4tiwSan Joaquin Valley Land CompmL LLC" relative to the Deye'„p,, efi4develonment known as the "Reynolds Ranch" nroiect "Development Agreement"). Pursuant to the Development Agreement, Developer agreed to develop certain property more particularly described ' on Exhibit A attached hereto J"Subject Property"), subject to certain conditions and obligations as set forth in the Development Agreement. The Development Agreement was recorded against the Subject Property in the Official Records of San Joaquin County on ,December 26 2006 as Instrument No. .2006-268372. DOCSSFO-"^�22Q 412479R20, particularly describe hereto and ineemen P and more ?. attached 3-3. Developer desires to assign and Assignee desires to assume a4certain of Developer's right, title, interest, burdens and obligations under the Development Agreement with respect to and as related to the Assigned Parcel, as more particularly set forth herein. -- 2 — DOCSSFO-"^�.°'^ ' 12479820.3 NOW, THEREFORE, AGREEMENT 1. Assignment. Except as set forth in Section 3 t effective as of Developer's eenveyanee e f *h.o ^ ssig oa PaFeE of the rights, title, interest, burdens and obligations collectivf Developer under the Development Agreement with respect to retains all the rights, title, in4e -est, i.,,,-av44.4 4.4a Ahli fits ,,,SL Development Agreement with respect to all other property wi Developer. 2. hereby assigns, Effective Date, all )bliaations") of atm under the ect Property owned by hereby assumes., and Obligations of Developer under the Development Agreement with respect to the Assigned Parcel, and agrees to observe and fully perform all of the duties and obligations of Developer under the Development Agreement with respect to the assigned Rights and Obligations with respect to the Assigned Parcel. The parties intend hereby that, t1pa the A- f-th ^ n gree, eifit ,,,,a , o e oft e Assigned P ffiv ed to A's as of the Effective Date, Assignee shall become substituted for Developer as the "Developer" under the Devell with respect to the assigned Rights and Obligations for the Assigned Parcel. Lal Section 6.1.2, Agricultural Land Mitigation Fee (EIR Mitigation Measure 3.7_41. cj Section 6.4.3, Downtown Impact Fee. d� Section 6.4.5 Maintenance of Lands Dedicated to City. ej Section 6.4.6, Fire Station and Equipment. f� Section 6.4.8, Public Art. Section 6.4.9, Animal Shelter. -- 3 — DOCSSFO-"^ .z.Q22Q 14'^'12479820.3 Cil Section 6.5. Annexation. W Section 9, Community Facilities District. . 4. Indemnification. 5. Notices. The notice address described in Section 29 of the Development Agreement for the Developer and Assignee shall be: DOCSSFO-"^ .z.Q22Q 14'^ 412479820.3 To DEVELOPER to: San Joaauin Vallev Land Comnan 1420 S. Mills Avenue, Suite K Lodi, CA 95242 Attention: Dale Gillespie Telephone No. 209-333-3400 Facsimile No.: 209-369-6504 With a copy to: Hakeem. Ellis & Marengo 3414 Brookside Road, Suite 100 Stockton, CA 95219 Attention: Michael D. Hakeem, Esa. Telephone No. 209-474-2800 Facsimile No.: 209-474-3654 With a copy to: Blue Shield of California 50 Beale Street San Francisco, CA 94105 Attention: Law Department Telephone No.: 415-229-5000 Facsimile No.: 415-229-5274 With a copy to: Reed Smith LLP Two Embarcadero Center San Francisco, CA 94111 Attention: Sherry G. Geyer, Esa. Telephone No.: (415)569-5974 Facsimile No.: (415)391-8269 6. Representations. 7. Miscellaneous. 7.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. DOCSSFO-"^�22Q 412479820.3 7.2 Successor and Assigns. All of the covenants, terms and conditions set forth herein shall be binding upon and shall inure to the benefit of the parties hereto and their respective heir -s successors and assigns. instrument. [Signatures on following nage.l DOCSSFO-"47Q22Q 94'^'12479820.3 IN WITNESS HEREOF, the parties hereto have executed this Agreement as of the day and year first above written. This Agreement may by signed ; eve -41B of-pai4s- DEVELOPER „*o,-pai4s- DEVELOPER SAN JOAQUIN VALLEY LAND COMPANY. LLC a California limited liability company By: Name: Title: ASSIGNEE CALIFORNIA PHYSICIANS' SERVICE dba Blue Shield of California a California not- for-profit mutual benefit corporation By: Name: Title: DOCSSFO-"^�22Q ' 12479820.3 CONSENT OF CITY OF LODI rMrMI, ft -di MAMMA CITY OF LODI By: Name: Blair King Title: City Manager Dated: June 02007 Form of assignment agreement hereby approved: By: Name: Title: City Attorney Dated: June 02007 DOCSSFO-"^�22Q 412479820.3 EXHIBIT A Legal Description of Subject Property (See Attachedl Exhibit A EXHIBIT B-1 Legal Description of Assigned Parcel (See Attachedl Exhibit 1- 1 EXHIBIT B-2 Site Man of Assigned Parcel Exhibit B-2 STATE OF CALIFORNIA 1 1 COUNTY OF 1 Witness my hand and official seal. Signature STATE OF CALIFORNIA 1 1 COUNTY OF 1 Witness my hand and official seal. Signature Document comparison done by DeltaView on Wednesday, June 06, 2007 10:37:42 AM Document 1 Dcdocs://docssfo/12479820/1 Document 2 pcdocs://docssfo/12479820/3 Rendering set IReedSmith Standard Insertion mien Moved to Style change Format change av�etio Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Count Insertions 122 Deletions 39 Moved from 0 Moved to 0 Style change 0 Format changed 0 Total changes 1 161 E, N RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Lodi P.O. Box 3006 Lodi, CA 95241-1910 Attn: City Clerk (SPACE ABOVE THIS LINE RESERVED FOR RECORDERS USE) OFFICIAL BUSINESS Document entitled to free recording Government Code Section 6103 ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT and GRANT OF EASEMENT THIS ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT AND GRANT OF EASEMENT ("Agreement") is entered into as of June , 2007 ("Effective Date"), by and between SAN JOAQUIN VALLEY LAND COMPANY, LLC, a California limited liability company ("Developer"), and CALIFORNIA PHYSICIANS' SERVICE dba BLUE SHIED OF CALIFORNIA, a California not-for-profit mutual benefit corporation ("Assignee") and the CITY OF LODI ("City"). RECITALS 1. On September 6,2006, the City of Lodi ("City") and Developer entered into that certain agreement entitled "Development Agreement By and Between The City of Lodi and San Joaquin Valley Land Company, LLC" relative to the development known as the "Reynolds Ranch" project ("Development Agreement"). Pursuant to the Development Agreement, Developer agreed to develop certain property more particularly described on Exhibit A attached hereto ("Subject Property"), subject to certain conditions and obligations as set forth in the Development Agreement. The Development Agreement was recorded against the Subject Property in the Official Records of San Joaquin County on December 26,2006, as Instrument No. 2006-268372. 2. Concurrent herewith, Assignee is purchasing from Developer an approximate 20.5 acre portion of the Subject Property located at the southwest comer of Highway 99 and Harney Lane and more particularly described and identified in Exhibit B-1 and Exhibit B-2, attached hereto ("Assigned Parcel"). 3. Developer desires to assign and Assignee desires to assume certain of Developer's right, title, interest, burdens and obligations under the Development Agreement with respect to and as related to the Assigned Parcel, as more particularly set forth herein. 4. The City has accepted dedication of a portion of the Subject Property (the "ROW Parcel") from the Developer for future use as a public right-of-way pursuant to that [Deed] dated - I — DOCSSFO-1247982Q 2124798204 and [describe action by the City to accept dedicatio]. Due to such dedication, the Assigned Parcel will no longer have access to a public roadway until such time, if ever, the ROW Parcel is improved as a public roadway. The City has agreed to grant an easement appurtenant to and for the benefit of the Assigned Property, as more particularly set forth herein. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, Developer and Assignee hereby agree as follows: 1. Assignment of Development Ameement. Except as set forth in Section 3 below, Developer hereby assigns, effective as of the Effective Date, all of the rights, title, interest, burdens and obligations (collectively, "Rights and Obligations") of Developer under the Development Agreement with respect to the Assigned Parcel. Developer retains all the Rights and Obligations under the Development Agreement with respect to all other property within the Subject Property owned by Developer. 2. Assumption of Development Ameement. Except as set forth in Section 3 below, Assignee hereby assumes, effective as of the Effective Date, all of the Rights and Obligations of Developer under the Development Agreement with respect to the Assigned Parcel, and agrees to observe and fully perform all of the duties and obligations of Developer under the Development Agreement with respect to the assigned Rights and Obligations with respect to the Assigned Parcel. The parties intend hereby that, as of the Effective Date, Assignee shall become substituted for Developer as the "Developer" under the Development Agreement with respect to the assigned Rights and Obligations for the Assigned Parcel. 3. ObligationsNot Assumed. Notwithstanding the provisions of Sections 1 and 2 above, Developer is not assigning and Assignee is not assuming the following Rights and Obligations of Developer under the Development Agreement with respect to the Assigned Parcel and, as between Developer and Assignee, Developer shall retain 100% of such Rights and Obligations under the Development Agreement: 3.7.4). (a) Section 6.1.2, Agricultural Land Mitigation Fee (EIR Mitigation Measure (b) Section 6.4.2. Rehabilitation of Existing Residential Units. Notwithstanding the non -assignment to Assignee of Developer's Rights and Obligations under Section 6.4.2of the Development Agreement, -Assignee hereby agrees to reimburse Developer an nine and two-tenths percent (9.2%) pro rata share of any fee imposed on the Developer by the City, up to a maximum of $115,000, in the event that Developer elects to pay the rehabilitation fee rather than undertaking the actual rehabilitation of such residential units. (c) Section 6.4.3,Downtown Impact Fee. (d) Section 6.4.5 Maintenance of Lands Dedicated to City. (e) Section 6.4.6, Fire Station and Equipment. (f) Section 6.4.8,Public Aft. (g) Section 6.4.9,Animal Shelter. -2- OOCSSFD __ (h) Section 6.4.10. Costs re: Utility Service. Notwithstanding the non - assignment of Developer's Rights and Obligations under Section 6.4.10 of the Development Agreement, the parties agree that such costs are included in the infrastructure costs allocated between the parties as set forth in that certain Infrastructure Development and Reimbursement Agreement between Developer and Assignee dated as of even date herewith ("Infrastructure Agreement"). (i) Section 6.5, Annexation. 0) Section 9, Community Facilities District. . (k) Citizens for Ouen Government Settlement Conditions. Section 2(B)(Agricultural Conservation Easements). Section 2(F) (Pedestrian Transit and Bicvcle Infrastructure), and Section 2(H)(funding for residential water service) of that certain Agreement to Amend Draft Development Agreement and Refrain From Challenging Land Use Project dated August 24, 2006, between the City, Citizens for Open Government and Developer and incorporated into the Development Agreement. 4. Indemnification. 4.1 Developer Indemnity. Developer agrees to indemnify, defend (with counsel reasonable acceptable to Assignee) and hold harmless Assignee its officers, directors, members, partners, employees, agents, representatives, successors and assigns from and against any costs (including, without limitation, reasonable attorneys' fees and costs), claims, damages or causes of action arising out of or resulting from the failure of Assignor to comply with or perform the covenants, conditions, agreements, duties and obligations of Assignor under the Development Agreement or in connection with any claims for indemnification by the City under Section 25 of the Development Agreement with respect to the Assigned Parcel and arising prior to the Effective Date. In addition, Developer agrees to indemnify, defend (with counsel reasonable acceptable to Assignee) and hold harmless Assignee its officers, directors, members, partners, employees, agents, representatives, successors and assigns from and against any costs (including, without limitation, reasonable attorneys' fees and costs), claims, damages or causes of action arising out of or resulting from the failure of Assignor to comply with or perform the covenants, conditions, agreements, duties and obligations of Assignor under the Development Agreement or in connection with any claims for indemnification by the City under Section 25 of the Development Agreement with respect to all of the Subject Property arising at any time, except with respect to the Assigned Parcel on and after the Effective Date. 4.2 Assignee Indemnity. Assignee agrees to indemnify, defend (counsel reasonable acceptable to Developer) and hold harmless Developer, its officers, directors, members, partners, employees, agents, representatives, successors and assigns from and against any costs (including, without limitation, reasonable attorneys` fees and costs) claims, damages or causes of action arising out of or resulting from the failure of Assignee to comply with or perform the covenants, conditions, agreements, duties and obligations of Assignee under the Development Agreement or in connection with any claims for indemnification by the City under Section 25 of the Development Agreement, with respect to the Assigned Parcel and arising on and after the Effective Date. 5. Consent of City to Assignment and Assumption. The City hereby consents to the assignmentto and assumption by Assignee of the Development Agreement upon the terms set forth in this Agreement. -3— 6. Grant of Easement. The City hereby grants to Assignee for the benefit of the Assigned Parcel a non-exclusive, appurtenant easement into, out of, on, over and across the ROW Parcel more particularly described in Exhibit C attached hereto and by this reference incorporated herein, for pedestrian and vehicular ingress and egress "Eas m n " Fasement all ;nclIlde the richt of A, ancc to construct and maintain a X -foot wide right-of-way (which need not be improved) beweenacross the ROW Parcel connecking the Assigned Parcel and the Frontage Road r Ase e t"; This o 0 ew .,t,,,it fi fin e ; Isom the date hereof until the L,9uch termination and conversion and to exeCutteacs, arate easement termination location of such "gap" easement. 7. Notices. The notice address described in Section 29 of the Development Agreement for the Developer and Assignee shall be: To DEVELOPER to: San Joaquin Valley Land Company 1420 S. Mills Avenue, Suite K Lodi, CA 95242 Attention: Dale Gillespie Telephone No. 209-333-3400 Facsimile No.: 209-369-6504 With a copy to: Hakeem, Ellis & Marengo 3414 Brookside Road, Suite 100 Stockton, CA 95219 Attention: Michael D. Hakeem, Esq. Telephone No. 209-474-2800 Facsimile No.: 209-474-3654 To ASSIGNEE to: Blue Shield of California California Physicians' Service Attention: Executive Vice President, -4— DOCSSFO-i 247:9920, a12479a2o_4 Customer Service and Corporate Marketing Telephone No. 415-229-5000 Facsimile No.: 415-229-5056 With a copy to: Blue Shield of California 50 Beale Street San Francisco, CA 94105 Attention: Law Department Telephone No.: 415-229-5000 Facsimile No.: 415-229-5274 With a copy to: Reed Smith LLP Two Embarcadero Center San Francisco, CA 94111 Attention: Sherry G. Geyer, Esq. TelephoneNo.: (415) 569-5974 FacsimileNo.: (415) 391-8269 8. Reoresentations. 8.1 Status. Assignee is a California not-for-profit mutual benefit corporation duly organized, validly existing and in good standing under the laws of the State of California. Assignor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of California. 8.2 Authori . This Agreement is duly authorized, executed and delivered and shall be the legal, valid and binding obligation of each of the parties hereto. Assignor and Assignee each represent and warrant that the person signing this Agreement on behalf of such party has full power and authority to execute this Agreement on such party's behalf. 9. Miscellaneous. 9.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. 9.2 Successor and Assigns, All of the covenants, terms and conditions set forth herein shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 9.3 Attorneys' Fees. If either party brings or commences any legal action or proceeding to enforce any of the terms of this Agreement (or for damages by reason of an alleged breach of this Agreement), the prevailing party in such action shall be entitled to recover all costs and expenses of litigation, including reasonable attorneys' fees. 9.4 Incorporation of Exhibits. Each exhibit attached to and referred to in this Agreement is hereby incorporated by reference as though set forth in full where referred to herein. 9.5 Counterparts. This Agreement may be signed in counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one instrument. -5— DOCSSFO T 247N2D-.312479820 4 [Signatures on following page. ] -6— DOC88Fo-12471; IISSMA IN WITNESS HEREOF, the parties hereto have executed this Agreement as of the day and year first above written. CITY CITY OF LODI By: Name: Blair King Title: City Manager Dated: June, 2007 Form of Agreement hereby approved By: Name: Title: City Attorney Dated June , 2007 7— DEVELOPER S A N JOAQUIN VALLEY LAND COMPANY, LLC a California limited liability company By: Name: Title: ASSIGNEE CALIFORNIA PHYSICIANS' SERVICE dba Blue Shield of California, a California not-for-profit mutual benefit corporation Name: Title: DOCSSFO-42 -8� o0GS5Fa334;9a28af 24IS82DA EXHIBIT A Legal Description of Subject Property (See Attached) Exhibit A DOC38FO ", 930312478820.4 EXHIBIT B-1 Legal Description of Assigned Parcel (See Attached) Exhibit B-1 DOCSSRO61247b929 3124798M 4 EXHIBIT B-2 Site Map of Assigned Parcel Exhibit B-2 1 MIN Mo IIC Legal Description of ROW Parcel and Plat Plan (See attached) DOCSSFO- STATE OF CALIFORNIA COUNTY OF On ,2007 before me, ,Notary Public, personally appeared ,personally known to me (or proved to me on the basis of satisfactory evidence)to be the person(s) whose names) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorizedcapacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. Signature KV'&*yr4x STATE OF CALIFORNIA COUNTY OF On ,2007 before me, , Notary Public, personally appeared ,personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledgedto me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. Signature DOCSSFa1247Q8294+247ng com enson done Oy DeltaVww on Wednesda June 20 2007 12:0 Insertions 12 Document 1 cdocs:/Idocssfo/1247982013 Document 2 cdocs://docssfo112479820/4 Rendering set ReedSmith Standard Iuscram Deletion Style char Format chan Moved .e del-'...... Inserted cell Deleted cell Moved ce SWit/Merced cell Padding cell Count Insertions 12 Deletions 11 Moved from 0 Moved to 0 SW change 0 Foffnatchanged 0 Total changes 23 0:05 AM