My WebLink
|
Help
|
About
|
Sign Out
Home
8E Consent 2006 1106
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2006
>
Packet 2006 1106
>
8E Consent 2006 1106
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/10/2007 11:36:58 AM
Creation date
11/3/2006 2:50:24 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
11/6/2006
Retention
PERM
Document Relationships
_CC Agenda 2006 1106
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2006\Packet 2006 1106
Reso 2006-120
(Reference)
Path:
\City Clerk\City Council\Resolutions\2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />FIRST AMENDED AGREEMENT BETWEEN BAYSIDE Be, LP, AND <br />CITY OF SAN LEANDRO REGARDING FUNDING FOR CONSTRUCTION OF <br />INTERSECTION IMPROVEMENTS <br /> <br />This FIRST AMENDED AGREEMENT is entered into this day of <br />November 2006, between the City of San Leandro, a municipal corporation ( <br />"CITY) and Bayside BC, LP, a California Limited Partnership ("DEVELOPER"). <br /> <br />RECITALS <br /> <br />A. City and Developer have entered into an Agreement dated March <br />30, 2003 ("ORIGINAL AGREEMENT" ) whereby the Developer has agreed to <br />advance funds to City to be used for the design and construction of the <br />intersection improvements at the Davis/Doolittle intersection <br />( "IMPROVEMENTS"). <br /> <br />B. The Original Agreement set forth the terms and methodology for <br />the Developer to advance funds to the City for the design and construction of the <br />improvements and set forth the methodology to be used by the City to reimburse <br />Developer for the funds advanced. <br /> <br />C. The City and Developer have determined that it is in the best <br />interest of both parties to amend the Original Agreement to forego Developers <br />obligation and responsibility to advance funds to City and to further provide for a <br />one time cash in-lieu of advance payment to satisfy and discharge the <br />Developer's obligations under the Original Agreement. <br /> <br />AGREEMENT <br /> <br />NOW, THEREFORE, City and Developer agree to amend the Original <br />Agreement, as follows: <br /> <br />1. Notwithstanding any provision in the Original Agreement to the contrary, <br />the City and Developer agree that Developer is under no obligation to advance <br />monies to the City for the Design and Construction of improvements, as originally <br />contemplated. <br /> <br />2. The Developer's obligation under the Original Agreement to advance <br />monies to the City for the improvements is hereby discharged. In consideration, <br />the Developer agrees to make a cash payment to City in the total amount of <br />$ 108,725 ("Payment In-Lieu of Cash Advance"), in recognition and <br />acknowledgment of the unanticipated costs that the City has incurred in <br />connection with the funding of the Improvements from City monies, payable as <br /> <br />862882-1 <br /> <br />69 <br />
The URL can be used to link to this page
Your browser does not support the video tag.