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2014/04/22 City Council Ordinance 878ORDINANCE NO. 878 AN ORDINANCE OF THE CITY OF ROHNERT PARK, CALIFORNIA APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF ROHNERT PARK AND VAST OAK PROPERTIES L.P. AND UNIVERSITY DISTRICT LLC FOR DEVELOPMENT OF THE PROPERTY LOCATED SOUTH OF KEISER AVENUE, WEST OF PETALUMA HILL ROAD, AND NORTH OF ROHNERT PARK EXPRESSWAY (APN 045 - 262 -001 THROUGH -004, 047 - 131 -019, AND 047 -131 -024 AND -025) AND THE PROPERTY LOCATED SOUTH OF ROHNERT PARK EXPRESSWAY, EAST OF J SECTION, AND NORTH OF COPELAND CREEK (APN 047 -131 -026 AND 047 -131 -027) WHEREAS, Government Code § 65864, et seq., authorizes the City of Rohnert Park to enter into development agreements which will provide certainty, definition and commitment to developers as well as to necessary public improvements required by development; WHEREAS, University District LLC ( "Developer ") submitted applications to the City of Rohnert Park for a General Plan Amendment, Specific Plan revision, Tentative Map, Tentative Parcel Map, Development Agreement, and related applications and approval of an Addendum to the Final Environmental Impact Report ( "EIR ") in connection with the proposed University District Specific Plan ( "UDSP ") Project located south of Keiser Avenue, west of Petaluma Hill Road, and north of Copeland Creek (APNs 045- 253 -007, 045- 253 -009 through - 012, 045- 253 -018, 045- 262 -001 through -004, 047 -131 -019, and 047 -131 -024 through -027 (the "Project "), in accordance with the City of Rohnert Park Municipal Code ( "RPMC "); and WHEREAS, the proposed applications would allow development of the Property, which includes 1,645 residential units, approximately 100,000 square feet of mixed use /commercial space, and approximately 19.78 acres of park space, 15.67 acres of land designated public /institutional, and approximately 53.87 acres of open space (the "Project "); and WHEREAS, in connection with the Project, Developer and City staff have negotiated a proposed development agreement ( "Development Agreement ") in accordance with the requirements of Government Code § 65864, et seq., and Chapter 17.21, "Development Agreement Procedure," of the Rohnert Park Municipal Code ( "RPMC "), for the Property. The Development Agreement negotiated by Developer and the City is attached to this Resolution as Exhibit A; and WHEREAS, the Development Agreement, among other things, sets forth the effective date and term of the agreement; applicable fees; applicable rules, regulations and policies; required infrastructure improvements; affordable housing obligations; prevailing wage rules; provisions on amendments, annual review and default; and other miscellaneous provisions; and WHEREAS, on March 13, 2014, the Planning Commission held a public hearing at which time the Planning Commission reviewed the Development Agreement prepared for the Project and recommended approval by the City Council; and 878 WHEREAS, the City Council reviewed and approved the Addendum to the Final EIR prepared for the Project in accordance with CEQA; and has otherwise carried out all requirements for the Project pursuant to CEQA; WHEREAS, pursuant to California State Law and the RPMC, public hearing notices were mailed to all property owners within an area exceeding a three hundred foot radius of the subject property and a public hearing was published for a minimum of 10 days prior to the first public hearing in the Community Voice. WHEREAS, on April 8, 2014, the City Council held a public hearing at which time interested persons had an opportunity to testify either in support or opposition to the proposed Development Agreement; and WHEREAS, the City Council has given consideration to other pending application and approved projects; the traffic, parking, public service, visual, and other impacts of the proposed development project upon abutting properties and the surrounding area; ability of the applicant to fulfill public facilities financing plan obligations; the relationship of the project to the City's growth management program; the provisions for reservation, dedication or improvement of land for public purposes or accessible to the public; the type and magnitude of the project's economic effects to the City and of its contribution toward meeting the City's housing needs; and to any other comparable, relevant factor; and WHEREAS, on the City Council has reviewed and considered the information contained in proposed Development Agreement; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Rohnert Park does ordain as follows: SECTION 1. Findings. The City Council, in reviewing Planning Application Nos. PL2012- 044SP, PL2013- 009TM, and PL2012- 047TPM Development Agreement for University District Specific Plan, hereby makes the following findings pursuant to Government code section 65867.5: 1. The proposed Development Agreement was considered at a public hearing Criteria Satisfied. A duly noticed public hearing regarding the Development Agreement was held by the City Council on April 8, 2014, in conformance with the notice provisions of Government Code §§ 65090 and 65091 and the requirements of the RPMC section 17.21.030. 2. The provisions of the proposed Development Agreement are consistent with the general plan and any applicable specific plan Criteria Satisfied. The applicant has proposed amendments to the General Plan and related land use entitlements for the Project which the Planning Commission has concurrently reviewed and considered in conjunction with its review of the Development Agreement. These amendments to the Land Use Element of the General Plan incorporate the land use areas of the applicable University District Specific Plan. The proposed Development Agreement is consistent with the 878 General Plan, as amended, and would direct the Project's development in an orderly manner that benefits the City. The provisions of the Development Agreement require that development comply with the revised University District Specific Plan (Plan). The Plan proposes to meet the goals of General Plan by providing for a variety of housing types including low density, medium density, rural estate and mixed use allowing residential housing. The Plan also provides for affordable housing to meet the needs of lower income households. In addition to providing a wide range of housing types that would be consistent with housing goals and objectives of the General Plan, the provisions of the Development Agreement incorporate, implement and are subject to requirements of both the General Plan and University District Specific Plan by including an approximately 7 acre community park, an approximately 6 acre passive park, two detention basins, and a mixed use area with a minimum 100,000 square feet of commercial building area. The proposed parkland acreage meets the City's requirements for parkland dedication. The community park amenities would include a playground, picnic area, ball field and soccer fields, turf play fields, pathways, lighting, and more. The passive park will include natural areas, a dog park and tot lot. Commercial land uses are proposed to encompass business, office, retail shops, residences, and will include area for public uses. 3. The provisions of the proposed Development Agreement are consistent with Government Code 65867.5(C). Criteria Satisfied. The Development Agreement satisfies the requirements of Government Code 65867.5(C) that requires that a sufficient water supply be available for subdivisions which meet the definition of "subdivision" in Government Code 66473.7(a)(1) within the Project, as required by Government Code section 66473.7(b)(1). The Project has been evaluated against the Water Supply Assessment prepared for the 2006 Project and the City has concluded that the Project is consistent with the prior analysis and sufficient water supply is available for this project. SECTION 2. Approval of Development Agreement. The City hereby approves the Development Agreement in substantially similar form as attached hereto and incorporated herein as Exhibit A. SECTION 3. Compliance with the California Environmental Quality Act. The City Council approved of the Final EIR Addendum for the Project (including Development Agreement), as described in City Council Resolution No. 2014 -032, approved on April 8, 2014 concurrently with the City Council's approval of this Resolution. 878 SECTION 4. Compliance with State Law. A. The City will act in accordance with the provisions of Government Code §§ 65856(e) and 66006. B. In accordance with Government Code §§ 65868.5, no later than 10 days after the City enters into the Development Agreement, the City Clerk will record the Development Agreement with the County Recorder. C. In accordance with Government Code §§ 65865.1 and RPMC Section 17.21.050(A), the City will conduct an annual review of the Development Agreement to ensure compliance with the terns. SECTION 5. Severability. The City Council hereby declares that every section, paragraph, sentence, clause and phrase is severable. If any section, paragraph, sentence, clause or phrase of this article is for any reason found to be invalid or unconstitutional, such invalidity, or unconstitutionality shall not affect the validity or constitutionality of the remaining sections, paragraphs, sentences, clauses or phrases. SECTION 6. Effective Date. This ordinance shall be in full force and effective 30 days after its adoption, and shall be published and posted as required by law. This ordinance was introduced by the Council of the City of Rohnert Park on April 8, 2014, and adopted April 22, 2014, by the following roll call vote: AYES: Four (4) Council member Belforte, Mackenzie, Stafford and Mayor Callinan NOES: None (0) ABSENT: One (1) Vice Mayor Ahanotu ABSTAIN: None (0) CITY OF ROH PARK Joseph R. Callinan, Mayor ATTEST: `n R y City ,lerk 878 et °a Ke'yon, City Attorney EXHIBIT A DEVLOPMENT AGREEMENT SEE EXHIBIT 6 ATTACHED TO THE STAFF REPORT 878 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 -2486 Attention: City Clerk Space Above This Line Reserved for Recorder's Use Exempt from Recording Fee Per Government Code Section 27383 AMENDED AND RESTATED DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF ROHNERT PARK AND UNIVERSITY DISTRICT LLC AND VAST OAK PROPERTIES L.P. OAK #4818- 9576 -2200 v6 TABLE OF CONTENTS ARTICLE 1. DEFINITIONS............ Section 1.01 Definitions...... ..... ............................... ARTICLE 2. EFFECTIVE DATE AND TERM Page Section 2.01 Effective Date .:.:,..:..12 Section2.02 Term.... .............. ....... . ..... ..... .... . .. .... . ...12 Section 2.03 Project Integration ....... .. ,.13 Section 2.04 Developer Representations and Warranties ...,. ....,, . 44,1,.,44,!,-.44 “0■13 ARTICLE 3. DEVELOPMENT OF PROPERTY ........................................... ...........;.:..;.........;.,14 Section 3.01 Vested Rights ................. Section 3.02 Applicable Law ,......:>,.... .,....> >..... .........:::....: Section 3.03 Development Timing .... ............ ....... ....... ................,........,,..., Section3.04 Intentionally Omitted ... ......... ........> ..,.,.........,... ......... .::..._.....;......:.........15 Section 3.05 Issuance of Building Permits In Accordance with City's Growth Management Program 15 Section 3.06 Reservations of Authority. 16 Section 3.07 Regulation by Other Public Agencies 17 Section3.08 Life of Project Approvals______„--- ..... ................. ...,............,: ....,,...> 17 Section 3.09 Vesting Tentative Maps ................... ........................,. ..........> ,..... ,.....;,.;.17 Section 3.10 Developer's Right to Rebuild ..................... .. .. .... .17 Section 3.11 No Conflicting City Enactments ...................... Section 3.12 Initiatives and Referenda ........................... .... ..., .18 Section 3.13 Environmental Mitigation. ...., .... .. ,. ,.. • ..... 19 Section 3.14 Subdivision Maps .................. Section 3.15 State and Federal Law... ..... ...........•..... 20 ,;14 . .15 ARTICLE 4. FINANCING AND PUBLIC IMPROVEMENTS ,....... 20 Section 4.01 Taxes, Assessments, Fees and Exactions... ..,..... ... ..... ... .......... ,,.....,. .......;...20 Section 4.02 Regional Traffic Improvement Fee ,.. ..22 Section 4.03 Public Facilities Financing Plan ....... :.. ........:.:.,.::.:,...,,, .....23 ■ Section 4.04 Community Facilities District ................... .... ..................,............ .......,,..25 Section 4.05 Assessment Districts .. ............................... ....... ....... ......::.....y...... ......:....29 Section d 06 Maintenance Annuity ..............30 Section 4.07 Financing Mechanisms for Private Improvements . .., .... ,;31 Section 4.08 Pedestrian Bridges and Paths 32 Section 4.09 Roadway Improvements ....... ............................... . .. ... 32 Section 4.10 City Dedication and Acquisition Parcels ............. , .. •. 33 Section 4.11 Funding and Construction of Sewer Improvements ........:........ ...........;,36 Section 4.12 Park Improvements........... ..... ........... .....,... ......... ,.....,...........>38 Section4.13 Entrance Monuments .......................... ,........ . .,....... ... .............,.,.38 Section 4.14 Detention Basin . .38 Section 4.15 Acquisition of Land Owned by Third Parties...... •.40 OAK #4818 -9576 -2200 v6 TABLE OF CONTENTS (continued) P age Section 4.16 Reimbursement of Specific Plan Costs ................................ ................:,,.,....,,,.40 Section 4.17 City's Option to Complete Off -Site Public Improvements .40 ARTICLE 5. DEVELOPMENT STANDARDS and REQUIREMENTS 41 Section 5.01 Compliance with State and Federal Law 41 Section 5.02 Prevailing Wage Requirements 41 Section 5.03 Green Building and Smart Growth 42 Section 5.04 Intentionally Omitted 42 Section 5.05 Intentionally Omitted. ...................... 4.. _ . . . . .. . .... ... . . ....,42 Section 5.06 Sales Tax Point of Sale Designation__ , 42 Section 5.07 Affordable Housing Plan ......................... Section 5.08 Intentionally Omitted . ............................,.. Section 5.09 Mixed -Use Commercial Center ................ ......................43 ...................43 43 ARTICLE 6. MORTGAGEE PROTECTION..., ,.., ........,, ...... ...,,........43 Section 6.01 Section 6.02 Section 6.03 Mortgagee Protection ................ .. Mortgagee Not Obligated .. <,......,. >. Notice of Default to Mortgagee 7. COOPERATION AND IMPLEMENTATION,,,...,.. ......... .............................43 44 44 Section 7.01 Subsequent Project Approvals .44 Section 7.02 Processing Applications for Subsequent Project Approvals.........._, ... ...........45 Section 7.03 Administration of Subsequent Project Approvals ................ .........,.,.....,..... ,..46 Section 7.04 Changes and Amendments to Project Approvals 47 Section 7.05 Other Government Permits 48 Section 7.06 Mitigation Measures 48 Section 7.07 Cooperation in the Event of Legal Challenge 48 ARTICLE 8. ASSIGNMENT, TRANSFER AND NOTICE 49 Section 8.01 Assignment .49 Section8.02 Right to Assign...................................................,,........,.,... ......,......<.,.......,.....49 Section8.03 Release of Transferring Developer ...................... ...A,,,.... ,, .,....,...,,......,.,.,....,.50 ARTICLE 9. DEFAULT; REMEDIES; TERMINATION ..,... ....................... .............................51 Section 9.01 Breach 51 Section 9.02 Default ,,...,... >,..,.,....52 Section 9.03 Withholding of Permits 52 Section 9.04 Remedies 52 Section 9.05 Periodic Review ..................53 Section 9.06 Enforced Delay; Extension of Time of Performance.......... . Section 9.07 Resolution of Disputes ............................................... .... >..,,,...,..........,...,., ....55 Section 9.08 Surviving Provisions 55 Section 9.09 Indemnity and Hold Harmless 55 OAK #4818- 9576 -2200 v6 TABLE OF CONTENTS (continued) Page ARTICLE 10. MISCELLANEOUS PROVISIONS ....... .............................55 Section 10.01 Incorporation of Recitals and Introductory Paragraph ........ .............................55 Section 10.02 Findings 56 Section 10.03 Severability 56 Section 10.04 Construction. .. ....... ........... ........ ........,.................. 56 Section 10.05 Joint and Several Obligations 56 Section 10.06 Covenants Running with the Land 56 Section 10.07 Notices 57 Section 10.08 Entire Agreement, Counterparts and Exhibits 58 Section 10.09 Recordation of Amended and Restated Agreement 58 Section 10.10 No Joint Venture or Partnership 58 Section10.11 Waivers ..................................... ............................... ,.59 Section 10.12 California Law 59 OAK 04818 -9576 -2200 v6 LIST OF EXHIBITS: Revised Exhibit A Exhibit B -1 Exhibit B -2 Revised Exhibit C Exhibit C -1 Revised Exhibit D Revised Exhibit E Exhibit F OAK #48 t 8- 4576 -2200 v6 Site Map and Phasing Plan Legal Description of UD LLC Property Legal Description of Vast Oak Property Dedications, Improvements and Facilities Schedule UDLLC and Vast Oak PFFP Funding Obligations and Projections Affordable Housing Plan Water Tank Site Legal Description Crane Creek Trail Easement Area - iv - AMENDED AND RESTATED DEVELOPMENT AGREEMENT THE UNIVERSITY DISTRICT DEVELOPMENT AGREEMENT ( "2006 Development Agreement ") was entered into as of the 11th _ day of _July_ 2006, by and among UNIVERSITY DISTRICT LLC, a Delaware limited liability company ( "UD "), VAST OAK PROPERTIES L.P., a California limited partnership ( "VO "), and the CITY OF ROHNERT PARK, a California municipal corporation ( "City "). UD and VO are sometimes collectively referred to herein as "Developer," and City and Developer are sometimes referred to herein as a "Party" and collectively as "Parties." This Amended and Restated Development Agreement ( "Amended and Restated Agreement ") is entered into as of the day of 2014, by and among UD, VO and the City. RECITALS A. To strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic risk of development, the Legislature of the State of California enacted California Government Code § 65864 et seq. ( "Development Agreement Statute"), which authorizes City to enter into an agreement with any person having a legal or equitable interest in real property regarding the development of such property. B. Pursuant to California Government Code §65865, City has adopted procedures and requirements for the consideration of development agreements (City Municipal Code Chapter 17.21). This Amended and Restated Agreement has been processed, considered and executed in accordance with such procedures and requirements. C. UD is the fee owner of that certain real property consisting of approximately 34.34 acres within unincorporated Sonoma County which was annexed by City, and is depicted on the Site Map attached hereto as Revised Exhibit A, and legally described in Exhibit B -1 attached hereto ( "UD LLC Property "). D. VO is the fee owner of that certain real property consisting of approximately 226.58 acres within unincorporated Sonoma County which was annexed by City, located directly across from the UD LLC Property on the north side of Rohnert Park Expressway, and is depicted on the Site Map attached hereto as Exhibit A, and legally described in Exhibit B -2 attached hereto ( "Vast Oak Property "). The UD LLC Property and Vast Oak Property are collectively referred to herein as the "Property." E. Developer proposes to develop on the Property a fully physically integrated, mixed -use, pedestrian oriented community providing diverse residential opportunities as well as a commercial center with a privately owned public plaza, parks, open space, other public amenities and infrastructure, including on- and off -site public 1 OAK 114818- 9576 -2200 v6 improvements ( "Project "), in the manner described in City's 2000 General Plan, as amended through the Effective Date ( "General Plan ") and the University District Specific Plan ( "Specific Plan "), and in compliance with City's Public Facilities Finance Plan, as it may be amended from time to time ( "PFFP "). The Project is comprised of five sub - areas, each of which is described in the Specific Plan and shown on the Site Map attached as the amended Exhibit A, and more particularly described in Section 1.01 below: UDLLC, Vast Oak West, Vast Oak Central, Vast Oak East and Vast Oak North (collectively, the "Project Components "). F. Prior to approval of this Amended and Restated Agreement, City has taken numerous actions in connection with the development of the Project on the Property. These include the adoption of all of the following: City Council Resolutions — Adopted May 23, 2006 Resolution 2006 -141 - Resolution 2006 -142 - Resolution 2006 -143 Resolution 2006 -144 Resolution 2006 -145 Resolution 2006 -146 Resolution 2006 -147 Resolution 2006 -148 Final Environmental Impact Report Amendments to Land Use Map & Text of the General Plan - Specific Plan and Design Guideline Documents - Tentative Map (UDLLC) - Tentative Map (Vast Oak) - Development Area Plan for UDLLC - Development Area Plan for Vast Oak Properties - Application to Sonoma LAFCO for Reorganization City Council Ordinances - Adopted July 25, 2006 • • • Ordinance No. 759 — Prezoning UDSP property to Specific Plan District (SP). Ordinance No. 760 — Prezoning property to Public /Institutional District (P -I) Ordinance No. 761 — Development Agreement (Collectively, the "Original Project Approvals"). In conjunction with the approval of this Amended and Restated Agreement there are amended project approvals consisting of the 2014 General Plan Amendments, 2014 Specific Plan Amendments, the 2014 rezoning, the 2014 tentative maps and the 2014 design guidelines as further identified below: 1. Environmental Impact Report and Addendum. The environmental impacts of the Project, including the Existing Project Approvals and alternatives to the Project and its location, have properly been reviewed and assessed by City pursuant to the California Environmental Quality Act, California Public Resources Code Section 21000 et seq.; California Code of Regulations Title 14, Section 15000 et seq. ( "CEQA Guidelines "); and City's local guidelines promulgated thereunder (hereinafter collectively referred to as "CEQA "). On May 23 , 2006, pursuant to CEQA and in accordance with the recommendation of City's Planning Commission (the "Planning Commission "), the City Council of City ( "City Council ") certified a Final Environmental Impact Report for the Specific Plan ( "EIR "). As required by CEQA, City 2 OAK 84818-9576-2200 v6 adopted written findings and a Mitigation Monitoring and Reporting Program ( "MMRP ") on May 23 , 2006, pursuant to Resolution No. , On , 2014, pursuant to CEQA and in accordance with the Planning Commission's recommendation, the City Council adopted an addendum to the Final EIR for the Specific Plan ( "Addendum "). 2. General Plan Amendment. On , 2014, in accordance with the recommendation of the Planning Commission, the City Council adopted Resolution , amending the General Plan. 3. Specific Plan Amendment /Rezoning. On 2014, in accordance with the recommendation of the Planning Commission, the City Council adopted Ordinance No. approving the Specific Plan, which covers the entirety of the Property as well as certain additional parcels located adjacent to the Vast Oak Property as shown in the Specific Plan. The Specific Plan also constituted rezoning for the Property and the Additional Parcels in accordance with City Municipal Code. 4, Tentative Maas and Design Guidelines. , 2014, in accordance with the recommendation of the Planning Commission, the City Council approved a Tentative Map for the UD LLC Property ( "UD Tentative Map ") and a Tentative Map for the Vast Oak Property ( "VO Tentative Map "), and amended the University District Design Guidelines for the Project. The approvals and development policies described in this Recital F(1) are collectively referred to herein as the "Existing Project Approvals." G. Subsequent to approval of this Amended and Restated Agreement, City anticipates that applications for additional land use approvals, entitlements, and permits will be submitted to implement and operate the Project (the "Subsequent Project Approvals "). H. This Amended and Restated Agreement furthers the public health, safety and general welfare in that the provisions of this Amended and Restated Agreement are consistent with the General Plan, as amended, and the Specific Plan. For the reasons recited herein, City and Developer have further determined that the Project is a development for which this Amended and Restated Agreement is appropriate. This Amended and Restated Agreement will eliminate uncertainty regarding Existing Project Approvals and Subsequent Project Approvals, thereby encouraging planning for, investment in and commitment to use and development of the Property. Continued use and development of the Property in accordance with this Amended and Restated Agreement is anticipated to, in turn, provide the following substantial benefits and contribute to the provision of needed infrastructure for area growth, thereby achieving the goals and purposes for which the Development Amended and Restated Agreement Statute was enacted: 3 OAK 114818- 9576 -2200 v6 1. Provide for the orderly development of the Property and the surrounding community, 2. Contribute to the balanced land -use base anticipated by the General Plan and provide an effective connection between City and Sonoma State University. 3. Provide for (1) the construction of a minimum number of Affordable Units which in no event shall exceed 15% of the total number of market rate residential units and Affordable Units within the Project as provided for in the Affordable Housing Plan attached as Revised Exhibit D; or (2) in the event that the City adopts any other affordable or inclusionary housing ordinance, including an in -lieu fee that would apply to the Project, Developer may, in its sole discretion, comply with any future adopted form of affordable or inclusionary housing ordinance. 4. Provide infrastructure improvements that will benefit the Property and the surrounding community. 5. Provide needed market -rate housing to help meet current local housing demand as well as anticipated future demand for housing. 6. Provide open space, parks and recreational improvements and amenities that will benefit future property owners and the surrounding community. 7. Provide approximately 100,000 gross square feet of commercial, retail, office space, public facilities space and associated on -site parking. 8. Ensure, through required funding of the Maintenance Annuity (as defined below) and payment of fees as required by the PFFP ( "PFFP Fees "), that the residential component of the Project does not negatively impact City's ability to provide for and fund necessary capital improvements and services and that the Project meets General Plan Growth Management and Open Space goals and policies, including GM -F, GM -H, GM -9, GM -13, OS -H, EC -10 and HO -3. I. The Parties intend through this Amended and Restated Agreement to allow the Developer to develop and operate the Project in accordance with the Existing Project Approvals and the Applicable Law (as defined below), and that any Subsequent Project Approvals and the imposition of any new impact fees, other fees, or monetary and non- monetary exactions should be governed by the terms of this Amended and Restated Agreement. J. As provided in this Amended and Restated Agreement, the Parties intend to work in good faith to establish a community facilities district ( "CFD ") pursuant to the Mello -Roos Community Facilities Act of 1982 (Government Code sections 53311 et seq.) ( "Mello -Roos Act ") over and including the Property capable of levying special taxes in the CFD under the Mello -Roos Act to finance, directly and /or by issuance of special tax bonds, the construction and /or acquisition of certain Public Benefit Facilities 4- OAK #4818- 9576 -2200 v6 needed in connection with the Project and as identified in Section 4.04.B. The financing of such items through a Mello -Roos Community Facilities District fulfills the express legislative goals of the Development Agreement Statute: it strengthens the public planning process by linking development rights to financing of public facilities; it encourages participation by private landowners in the comprehensive planning required by Mello -Roos financing; it reduces economic risk and costs of development by spreading the costs of needed facilities over time and among subsequent purchasers; and it allows Developer, in exchange for voluntary participation in Mello -Roos financing, to proceed with development in accordance with existing City policies, rules and regulations. The parties acknowledge that the availability of long -term, tax - exempt bond financing under the Mello -Roos Act is critical to the financial success of the Project, and that without the ability to obtain such financing for the Public Benefit Facilities, either through the City, the California Statewide Communities Development Authority (CSCDA) or other public agencies and districts, Developer will not be able to proceed with the Project described in this Amended and Restated Agreement. K. As provided in this Amended and Restated Agreement, the Parties intend to provide for City Council, and /or other agencies and Developer to cooperate in the levy of Special Taxes within the boundaries of the CFD, and the sale of bonds by the CFD to finance the Public Benefit Facilities. Unless the context otherwise requires, references to "City" or "Other Agencies" in connection with any actions under the Mello -Roos Act shall include the CFD as legally constituted by City (alone or jointly with any other local agency, including any school district in which the Project is located). L. The City Council has found that this Amended and Restated Agreement is consistent with the General Plan, as amended pursuant to Resolution , and the Specific Plan and the UDSP EIR and Addendum, and has conducted all necessary proceedings in accordance with the City's rules and regulations for the approval of this Amended and Restated Agreement. M. On July 11 , 2006, the City Council, at a duly noticed public hearing, adopted Ordinance No. _761 , approving and authorizing the execution of the 2006 Development Amended and Restated Agreement. On , 2014, the City Council, at a duly noticed public hearing, adopted Ordinance No. , approving and authorizing the execution of this Amended and Restated Agreement. AGREEMENT NOW, THEREFORE, in consideration of the promises, covenants and provisions set forth herein, the receipt and adequacy of which is hereby acknowledged, the parties agree as fellows: ARTICLE 1. DEFINITIONS Section 1.01 Definitions. 5 OAK #4818- 9576 -2200 v6 7.04, "Additional Parcels" shall have the meaning set forth in Section 3.05. "Adjustment Date" shall have the meaning set forth in Section 4.06. "Administrative Project Amendment" shall have the meaning set forth in Section "Advanced Costs" shall have the meaning set forth in Section 4.04. "Affiliated Party" shall have the meaning set forth in Section 8.02. "Affordable Apartment" shall mean one of the individual apartments to be constructed within the Affordable Apartment Complex and rented to a Low Income Household or Very Low Income Household at an Affordable Rent. "Affordable Apartment Complex" shall mean the affordable apartments to be constructed on the Vast Oak North Property in accordance with the Revised Affordable Housing Plan and plans and specifications approved by the City. Such Affordable Apartment Complex shall consist of approximately 218 rental units so long as a total of 1,454 market rate residential and Affordable Units are approved within the Project. Should a lesser number of total Project units be approved, Developer shall construct an affordable apartment complex that will meet the minimum 15% affordable requirement. "Affordable Housing Ordinance" or "AHO" shall mean Rohnert Park Municipal Code Section 17.07.020 N and any valid modification or any valid successor ordinance. "Revised Affordable Housing Plan" shall have the meaning set forth in Section 5.07. "Affordable Rent" shall mean (1) monthly rent that does not exceed 30 percent of 80 percent of Median Income for a Low Income Household, less a reasonable allowance for utilities, and (2) monthly rent that does not exceed 30 percent of 50 percent of Median Income for a Very Low Income Household, less a reasonable allowance for utilities. Affordable Rent shall be based on presumed occupancy levels of one person in a studio unit, two persons in a one - bedroom unit, three persons in a two - bedroom unit, and one additional person for each additional bedroom thereafter. "Affordable Units" shall mean the units to be rented as set forth in the Affordable Housing Plan. "Amended and Restated Agreement" shall have the meaning set forth in the introductory paragraph preceding the Recitals between the City, VO and UDLLC, as revised and restated in this Amended and Restated Agreement adopted by Ordinance No. 6- OAK #4818- 9576 -2200 v6 "Annual Household Income" shall mean the combined gross income of all adult persons living in the Affordable Unit, as calculated for the purpose of the Section 8 program under the United States Housing Act of 1937, as amended, or its successor. "Apartment Sites" shall mean the parcels designated on the VO Tentative Map on which the apartments will be constructed. "Applicable Law" shall have the meaning set forth in Section 3.02. "Architect Fees" shall have the meaning set forth in Section 4.01. "Assignee" shall have the meaning set forth in Section 8.02. "CC&Rs" shall have the meaning set forth in Section 5.09. "CEQA" shall have the meaning set forth in Recital F. "CEQA Guidelines" shall have the meaning set forth in Recital F. "CFD" shall have the meaning set forth in Recital J. "CFD Bonds" shall have the meaning set forth in Section 4.04. "Changes in the Law" shall have the meaning set forth in Section 3.15. "City" shall have the meaning set forth in the introductory paragraph preceding the Recitals. "City Council" shall have the meaning set forth in Recital F. "City Law" shall have the meaning set forth in Section 3.11. "City Manager" means the City Manager of the City. "Commercial Center" means the commercial /retail mixed use development consisting of approximately 100,000 gross square feet of retail, commercial (including hotel uses), office and public facilities, and ancillary on -site public and private improvements, including the plaza area, as depicted on the Site Map and as further described in the Specific Plan. The public facilities contemplated in the Commercial Center shall include a 2,000 square foot dedicated commercial space for exclusive use by City or its designee including but not limited to, uses for promotional venue, tenant space for lease, or City offices "Dedicated City Facilities ". The Dedicated City Facilities shall be free of rent including no costs for CAM's, maintenance (immediate and deferred) and repairs for the life of the center. This property interest shall be for the life of the center, run with the land and shall be a recorded covenant on the Property. The construction timing of the Commercial Center will be solely determined by the Developer based upon market conditions, [except that timing of utilities, building 7 OAK #4818- 9576 -2200 v6 pads and other infrastructure shall be completed in conjunction with completion of the Rohnert Park Expressway north improvements. The Commercial Center is also referred to as the, "Mixed Use — Commercial Center." "Community Development Director" means the Community Development Director of the City or Development Services Director or other City Manager designee. "Consultant Fees" shall have the meaning set forth in Section 4.01. "Consumer Price Index" shall have the meaning set forth in Section 4.06. "Copeland Creek Detention Basin" shall have the meaning set forth in the PFFP and further described in Section 4.13. "Crane Creek Trail Easement Area" means the trail easement area depicted and described in Exhibit F attached hereto. "Cultural Arts Commission" means the City of Rohnert Park Cultural Arts Commission. "Cure Period" shall have the meaning set forth in Section 9.01. "Default" shall have the meaning set forth in Section 9.02. "Developer" means UD and VO, jointly and severally. "Development Agreement Statute" shall have the meaning set forth in Recital A. "Effective Date" shall have the meaning set forth in Section 2.01. "EIR" shall have the meaning set forth in Recital F. "Eligible Cost" shall have the meaning set forth in Section 4.03. "Exhibit C" shall mean Revised Exhibit C, attached hereto and incorporated herein by reference. "Exhibit C -1" shall mean Exhibit C -1, attached hereto and incorporated herein by reference. "Existing Project Approvals" shall have the meaning set forth in Recital F. "Extended Cure Period" shall have the meaning set forth in Section 9.01. "Extended Term" shall have the meaning set forth in Section 2.03B. "Federal /State Compliance Fees" shall have the meaning set forth in Section 4.01. 8 OAK #4818- 9576 -2200 v6 "Funding Mechanism" shall have the meaning set forth in Section 4.05. "General Plan" shall have the meaning set forth in Recital E. "Growth Management Program" shall have the meaning set forth in Section 3.05. "Household" means one person living alone or two or more persons sharing residency. "Initial Term" shall have the meaning set forth in Section 2.02. , "Low Income Household" means a Household with an Annual Household Income of up to 80 percent of Median Income. "Maintenance Annuity" shall have the meaning set forth in Section 4.06. "Median Income" means the median income, adjusted for family size, applicable to Sonoma County as published annually pursuant to Title 25 of the California Code of Regulations, Section 6932 (or its successor provision) by the United States Department of Housing and Urban Development ( "HUD "). In the event that such income determinations are no longer published or are not updated for a period of at least 18 months by HUD, Median Income shall mean the area -wide median gross income for households in Sonoma County, adjusted for family size, as published from time to time by the California Department of Housing and Community Development ( "HCD "). In the event that such income determinations are no longer published, or not updated for a period of at least 18 months, the City shall provide Developer with other income determinations which are reasonably similar with respect to methods of calculation to those previously published by HUD or HCD. "Mello -Roos Act" shall have the meaning set forth in Recital J. "Moderate Income Household" means a Household with an Annual Household Income of up to 120 percent of Median Income. "Mitigation Fee Act" shall have the meaning set forth in Section 4.02. "MMRP" shall have the meaning set forth in Recital F. "Mortgage" shall have the meaning set forth in Section 6.01. "Mortgagee" shall have the meaning set forth in Section 6.01, "New Initial Term" shall have that meaning set forth in Section 2.03A. "Non- administrative Project Amendment" shall have the meaning set forth in Section 7.04. OAK #4818- 9576 -2200 v6 "Official Policy" shall mean a policy that is approved in accordance with the City's normal practice for adopting policies, that is in writing, and that was adopted prior to the Effective Date of this Amended and Restated Agreement or that is subsequently approved by the City Council and consistent with federal, state and local laws. "Other Local Agency Compliance Fees" shall have the meaning set forth in Section 3.11. "Owner- Occupied Monthly Housing Payment" means the sum equal to the principal, interest, property taxes, homeowner's insurance and homeowner's association dues paid on an annual basis divided by 12. "Party/Parties" shall have the meaning set forth in the introductory paragraph preceding the Recitals of this Amended and Restated Agreement. "Permanent UDLLC Detention Basin" shall have the meaning set forth in Section 4.14.E. "PFFP" shall have the meaning set forth in Recital E. "PFFP Fees" shall have the meaning set forth in Recital H. "Planning Commission" shall have the meaning set forth in Recital F. "Prevailing Wage Laws" shall have the meaning set forth in Section 5.02. "Processing Fees" shall have the meaning set forth in Section 4.01. "Project" shall have the meaning set forth in Recital E. "Project Approvals" shall have the meaning set forth in Section 3.01. "Project Components" shall have the meaning set forth in Recital E. "Property" shall have the meaning set forth in Recital D. "Public Benefit Facilities" shall have the meaning set forth in Section 4.04. "Regional Traffic Fee" shall have the meaning set forth in Section 4.02. "S/CS" shall have the meaning set forth in Section 5.09. "Site Map" means the map of the Property depicting the various Project Components attached hereto as Exhibit A. "Special Tax" shall have the meaning set forth in Section 4.04. "Specific Plan" shall have the meaning set forth in Recital E. - 10- OAK 114818- 9576 -2200 v6 "Specific Plan Processing Costs" shall have the meaning set forth in Section 4.14. "Subdivision Map Act" shall have the meaning set forth in Section 3.09. "Subsequent Project Approvals" shall have the meaning set forth in Recital G. "Subsequent Discretionary Approvals" shall have the meaning set forth in Section 7.01. "Subsequent Ministerial Approvals" shall have the meaning set forth in Section 7.01. "Temporary UDLLC Detention Basin" shall have the meaning set forth in Section 4.14.B. "Tentative Map" shall have the meaning set forth in Recital F. "Term" shall have the meaning set forth in Section 2.03. "Third Party Developers" shall have the meaning set forth in Section 4.01. "Twin Creeks Park" means the improved public park area located on the Vast Oak Property, as depicted on the Site Map and as further described in the Specific Plan. "UD" means University District LLC, a Delaware limited liability company, and its permitted successors and assigns. "UD LLC Property" shall have the meaning set forth in Recital C. "UD Tentative Map" shall have the meaning set forth in Recital F. "University District Specific Plan Development Standards and Design Guidelines" means those development standards and design guidelines included in the University District Specific Plan dated , 2014 and approved by the City on "Vast Oak Property" shall have the meaning set forth in Recital D. "Very Low Income Household" means a Household with an Annual Household Income of up to 50 percent of Median Income. "VO" means Vast Oak Properties L.P., a California limited partnership, and its permitted successors and assigns. "VO Central" means that Project Component located on the Vast Oak Property as shown in Exhibit A. OAK #4818- 9576 -2200 v6 "VO East" means that Project Component located on the Vast Oak Property as shown in Exhibit A. "VO North" means that Project Component located on the Vast Oak Property as shown in Exhibit A. "VO West" means that Project Component located on the Vast Oak Property as shown in Exhibit A. "VO Tentative Map" shall have the meaning set forth in Recital F. "Water /Sewer Fees" shall have the meaning set forth in Section 4.01. "Water Tank Property" shall have the meaning set forth in Section 4.10. "Water Tank Site" means the approximately 53.0 acre property described in Revised Exhibit E attached hereto. ARTICLE 2. EFFECTIVE DATE AND TERM Section 2.01 Effective Date. This Amended and Restated Agreement shall become effective upon the date that the ordinance approving this Amended and Restated Agreement becomes effective ( "Effective Date "). Section 2.02 Term. A. Term. The tenn of this Amended and Restated Agreement shall commence upon the Effective Date and shall extend for a period of ten (10) years thereafter ( "New Initial Term"). The New Initial Tenn has been established by the Parties as a reasonable estimate of the time required to develop the Project, including all on- and off -site public improvements, and obtain the public benefits of the Project. B. Extended Term. Provided neither City nor Developer has terminated this Amended and Restated Agreement, City and Developer agree that it may be mutually desirable for the New Initial Term to be extended. Accordingly, Developer may request in writing that City extend the New Initial Term of this Amended and Restated Agreement for up to two (2) additional five (5) year periods ( "Extended Term"). Such written request may be delivered to City not earlier than two hundred seventy (270) days or later than one hundred twenty (120) days prior to the termination date of the New Initial Term, or prior to the termination date of the first Extended Term whichever is applicable. C. City Review of Request for Extended Tenn. Upon receipt of such request, City shall undertake a review of Developer's good faith compliance with the terms of this Amended and Restated Agreement in the same manner as set forth in Section 9.05 for a periodic review of this Amended and Restated Agreement. Developer and City shall comply with the provisions of Section 9.05 with respect to such review so - 12 - OAK #4818- 9576 -2200 v6 that it can be completed prior to the expiration of the New Initial Term. City may deny, condition or shorten the time of Developer's request for the Extended Term if, following such review, the City Council of City deterinines, in the exercise of its legislative discretion, any of the following: (i) Developer is in default under this Amended and Restated Agreement or any event has occurred which with the passage of time or giving of notice or both would constitute a default by Developer hereunder; (ii) Developer has not satisfactorily completed development of Twin Creeks Park and the Rohnert Park Expressway, Keiser Avenue and Bridge Connector Road improvements as provided in Section 4.09; (iii) Developer has failed to complete construction of and obtain certificates of occupancy for the Commercial Center in accordance with Section 5.09 of this Amended and Restated Agreement, and complied with Affordable Complex requirements as set forth in Exhibit D; (iv) Developer has not fully satisfied all other material requirements and conditions of the Existing, Project Approvals; or (iv) any delinquent unpaid property taxes or assessments, including any delinquent installment payments supporting land - secured bonds, are payable with respect to the Property. If the New Initial Term or Extended Term of this Amended and Restated Agreement is granted in accordance with the provisions of this Section 2.03, City shall record an instrument giving notice of the Extended Term and the termination date thereof. D. Termination Following Expiration. Following the expiration of the Term, or the earlier completion of development of the Project and all of Developer's obligations in connection therewith, this Amended and Restated Agreement shall be deemed terminated and of no further force and effect, subject, however, to the provisions of Section 9.08 hereof. Section 2.03 Project Integration. The parties intend that the UD LLC Property and Vast Oak Property be developed as a single, integrated Project. Accordingly, this Amended and Restated Agreement includes requirements for integrated, phased development of the various Project Components, together with the Affordable Units and the on- and off -site public improvements throughout the Project and imposes limitations on the number of building permits and certificates of occupancy that will be issued to UD and VO, respectively, prior to the completion of the Affordable Units and the completion of and dedication to City of various on- and off -site public improvements. UD and VO each acknowledges and agrees that (a) the Affordable Units and the on- and off -site public improvements to be constructed in connection with the Project are intended to serve and benefit both the UD LLC Property and the Vast Oak Property, , (b) the Affordable Units and on- and off -site public improvements are vital and integral components of the overall Project, and (c) Developer's obligations with respect to phasing of the Affordable Units and on- and off -site public improvements are material consideration for the agreements of City hereunder. Section 2.04 Developer Representations and Warranties. UD represents and warrants to City that, as of the Effective Date, UD is the sole fee owner of the UD LLC Property, and that no other person or entity holds any legal or equitable interests in the UD LLC Property. VO represents and warrants to City that, as of the Effective Date, Vast Oak is the sole fee owner of the Vast Oak Property, and that no other person or - 13 - OAK. 114818 -9576 -220(1 v6 entity holds any legal or equitable interests in the Vast Oak Property. UD and VO and their respective managing members each further represent and warrant that: A. As of the Effective Date, UD and VO: (i) are each duly organized and validly existing under the laws of the State of Delaware; (ii) have each qualified and been authorized to do business in the State of California and have duly complied with all requirements pertaining thereto; (iii) are each in good standing and have all necessary powers under the laws of the State of California to own property and in all other respects enter into and perform the undertakings and obligations of Developer under this Amended and Restated Agreement; and (iv) are not in default with respect to payment of any general or special property taxes or assessments or other property based fees allocable to the Property. B. No approvals or consents of any persons are necessary for the execution, delivery or performance of this Amended and Restated Agreement by UD and VO and their respective managing members, except as have been obtained; C. The execution and delivery of this Amended and Restated Agreement and the performance of the obligations of UD and VO hereunder have been duly authorized by all necessary limited liability company action and all necessary member approvals have been obtained; and D. This Amended and Restated Agreement is a valid obligation of UD and VO and is enforceable in accordance with its terms. ARTICLE 3. DEVELOPMENT OF PROPERTY Section 3.01 Vested Rights. The Property is hereby made subject to the provisions of this Amended and Restated Agreement. All development of or on the Property, or any portion thereof, shall be undertaken only in compliance with the Existing Project Approvals, Subsequent Project Approvals, Applicable Law and the provisions of this Amended and Restated Agreement. Developer shall have a vested right to develop the Property in accordance with the Existing Project Approvals, the Subsequent Project Approvals, Applicable Law and this Amended and Restated Agreement. The Project shall be subject to all Subsequent Project Approvals (which, upon final approval, shall be deemed part of the Existing Project Approvals hereunder). The Existing Project Approvals and the Subsequent Project Approvals are sometimes hereinafter referred to as the "Project Approvals ". Section 3.02 Applicable Law. The rules, regulations, official policies, standards and specifications applicable to the development of the Property shall be those set forth in the Project Approvals and this Amended and Restated Agreement, and, with respect to matters not addressed by these documents, those laws, rules, regulations, official policies, standards and specifications (including City ordinances and resolutions) as set forth below, to the extent not inconsistent with the Project Approvals, governing permitted uses, building locations, timing of construction, densities, design, heights, fees, and exactions in force and effect on the Effective Date ( "Applicable Law "). - 14 - OAK 1/4818- 9576 -2200 v6 Section 3.03 Development Timing. The Parties acknowledge that Developer cannot at this time predict when or the rate at which the phases of the Project will be developed or the order in which each phase will be developed. Such decisions depend upon numerous factors which are not within the control of Developer, such as market orientation and demand, interest rates, absorption, completion and other similar factors. In particular, and not in any limitation of any of the foregoing, since the California Supreme Court held in Pardee Construction Co. v. The City of Camarillo, 37 Cal.3d 465 (1984), that the failure of the parties therein to consider and expressly provide for the timing of development resulted in a later- adopted initiative restricting the timing of development prevailing over such parties' agreement, it is the Parties' desire to avoid that result by acknowledging that Developer shall have the vested right to develop the Project, in such order and at such rate and at such times as Developer deems appropriate in the exercise of its business judgment, subject to the terms, requirements and conditions of the Existing Approvals and this Amended and Restated Agreement. Developer will use its best efforts, in accordance with its own business judgment and taking into consideration market conditions and other economic factors influencing Developer's business decision, to commence or to continue development, and to develop the Project in a regular, progressive and timely manner in accordance with the provisions and conditions of this Amended and Restated Agreement and the Existing Approvals. Section 3.04 Intentionally Omitted. Section 3.05 Issuance of Building Petniits In Accordance with City's Growth Management Program. Developer acknowledges the legality and validity of, covenants not to challenge, and agrees to comply with the provisions of City's Growth Management Program (City Municipal Code section 17.19 et seq.), which regulates and limits the number of market rate residential building permits that City may issue each year. In accordance with such program and subject to the limitations of this Section 3.05, Developer shall be issued up to three hundred fifty (350) building permits for market rate units each calendar year during the New Initial Term; provided, however, the total allocation of building permits for market rate units within the Project shall not exceed a cumulative total of one thousand four hundred fifty -four (1,454) permits minus the permits issued for the number of affordable units planned for pursuant to the Revised Affordable Housing Plan. Building permits which are not used during the calendar year in which they are issued may be used in any subsequent calendar year during the Term of this Amended and Restated Agreement. Developer shall submit application to City and pay all applicable fees then due prior to issuance of any such building permits other than the Maintenance Annuity which shall be paid in accordance with Section 4.06 B.. The building permits allocated annually to Developer shall be used exclusively in connection with development of the Project on the Property and may not be transferred to any other property or properties. In the event Developer acquires fee title to one or more of the five parcels within the Specific Plan area not currently owned by Developer (which parcels are referred to in the Specific Plan as the Abu - Halawa (now under Linden ownership), Gee and CRUSD parcels (collectively, the "Additional Parcels "), Developer shall be issued additional building permits based on the number of residential units designated in the Specific Plan for each such Additional Parcel (not to exceed a total of - 15 - OAK 114818 -9576 -2200 v6 191 additional units for all of the Additional Parcels); provided, however, the number of building permits to which Developer shall be entitled under this Section shall not exceed three hundred fifty (350) per calendar year. Further, Developer shall have vested rights under Section 3.01 of this Amended and Restated Agreement to develop such Additional Parcels in accordance with the provisions of this Amended and Restated Agreement, including the Affordable Housing Plan, the General Plan and the Specific Plan as of the Effective Date. Section 3.06 Reservations of Authority. A. The parties acknowledge and agree that City is restricted in its authority to limit its police power by contract and that the limitations, reservations and exceptions contained in this Amended and Restated Agreement are intended to reserve to City all of its police power which cannot be so limited. This Amended and Restated Agreement shall be construed to reserve to City all such power and authority'which cannot be restricted by contract. Notwithstanding the foregoing reservation of City, it is the intent of City and Developer that this Amended and Restated Agreement shall be construed to provide Developer with the maximum rights affordable by law, including but not limited to, the Development Agreement Statute and the Subdivision Map Act, except as expressly provided elsewhere in this Amended and Restated Agreement. B. Notwithstanding any other provision of this Amended and Restated Agreement to the contrary, the following regulations and provisions shall apply to the development of the Property: (1) Processing fees and charges of every kind and nature imposed by City to cover the actual costs to City of processing applications for Project Approvals or for monitoring compliance with any Project Approvals granted or issued, as such fees and charges are adjusted from time to time. (2) Regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals and any other matter of procedure, provided such procedures are uniformly applied on a city- wide basis to all substantially similar types of development projects and properties. (3) Regulations governing construction standards and specifications including City's building code, plumbing code, mechanical code, electrical code, fire code and grading code, and all other uniform construction codes then applicable in City at the time of permit application. (4) New City Laws which may be in conflict with this Amended and Restated Agreement or the Project Approvals but which are necessary to protect the public health and safety, provided such new City Laws are uniformly applied on a city -wide basis to all substantially similar types of development projects and properties. - 16 - OAK 1/4818 -9576 -2200 v6 (5) New City Laws applicable to the Property, which do not conflict with this Amended and Restated Agreement or the Project Approvals, provided such new City Laws are uniformly applied on a city -wide basis to all substantially similar types of development projects and properties. Section 3.07 Regulation by Other Public Agencies. City and Developer acknowledge and agree that other public agencies not within the control of City possess authority to regulate aspects of the development of the Property separately from or jointly with City, and this Amended and Restated Agreement does not limit the authority of such other public agencies. Developer shall, at the time required by Developer in accordance with Developer's construction schedule, apply for all such other permits and approvals as may be required by other governmental or quasi - governmental entities in connection with the development of, or the provision of services to, the Project. Developer shall also pay all required fees when due to such public agencies. Developer acknowledges that City does not control the amount of any such fees. City shall cooperate with Developer in Developer's effort to obtain such permits and approvals; provided, however, City shall have no obligation to incur any costs, without compensation or reimbursement, or to amend any City policy, regulation or ordinance in connection therewith. Section 3.08 Life of Project Approvals. The term of any and all Project Approvals shall automatically be extended for the longer of the Term of this Amended and Restated Agreement or the term otherwise applicable to such Project Approvals. Section 3.09 Vesting Tentative Maps. If any tentative map heretofore or hereafter approved in connection with development of the Property is a vesting map under the Subdivision Map Act, Government Code §§ 66410 et seq., and if this Amended and Restated Agreement is determined by a final judgment to be invalid or unenforceable insofar as it grants a vested right to Developer for development of the Project, then and to that extent all rights and protections afforded Developer under the laws and ordinances applicable to vesting maps shall survive. Any tentative map prepared for the Property will comply with the requirements of Government Code Section 66473.7 and shall include a condition that sufficient water supply is available to serve the subdivision created by such map. Section 3.10 Developer's Right to Rebuild. City agrees that Developer may renovate or rebuild portions of the Project at any time within the Term of this Amended and Restated Agreement should it become necessary due to natural disaster or changes in seismic requirements. Such renovations or reconstruction shall be processed as a Subsequent Project Approval. Any such renovation or rebuilding shall be subject to all design, density and other limitations and requirements imposed by this Amended and Restated Agreement, and shall comply with the Project Approvals, the building codes existing at the time of such rebuilding or reconstruction, and the requirements of CEQA. Section 3.11 No Conflicting City Enactments. Except as and to the extent required by State or Federal law; or as may be reasonably necessary to comply with requirements of, and /or pass through rate and /or connection fee increases established by, - 17- OAK #4818- 9576 -2200 v6 other local governmental agencies, including sub - regional sewer and water system . connection fees established by the City of Santa Rosa ( "Other Local Agency Compliance Fees "); or as otherwise provided in this Amended and Restated Agreement, City shall not impose on the Project any ordinance, resolution, rule, regulation, standard, official policy, condition, or other measure (each, individually, a "City Law ") that is in conflict with the Applicable Law, this Amended and Restated Agreement or the Project Approvals or that reduces the development rights or assurances provided by this Amended and Restated Agreement. Without limiting the generality of the foregoing, any City Law enacted or adopted after the Effective Date of this Amended and Restated Agreement, shall be deemed to conflict with this Amended and Restated Agreement or reduce the development rights or assurances provided hereby if it would accomplish any of the following results, either by specific reference to the Project or as part of a general enactment which applies to or affects the Project: A. Reduce the number of residential units permitted to be developed on the UD LLC Property or the Vast Oak Property; B. Reduce the square footage of commercial development permitted to he developed within the Mixed -Use Commercial Center; C. Change any land use designation or permitted use of the Property; D. Limit or control the availability of public utilities, services or facilities or any privileges or rights to public utilities, services, or facilities (for example, water rights, water connections or sewage capacity rights, sewer connections, etc.) for the Project; E. Limit or control the location, configuration or size of lots, buildings, structures, or other improvements of the Project in a manner that is inconsistent with or more restrictive than the limitations included in or imposed by the Project Approvals, Applicable Law or this Amended and Restated Agreement; F. Limit or control the rate, timing, phasing or sequencing of the approval, development or construction of all or any part of the Project in any manner, except as set forth in this Amended and Restated Agreement, Applicable Law or the Project Approvals; or G. Impose on the Project or Developer any fees or exactions other than those permitted by this Amended and Restated Agreement, Applicable Law or the Project Approvals. Section 3.12 Initiatives and Referenda. If any City Law is enacted or imposed by a citizen - sponsored initiative or referendum, which City Law would conflict with the Project Approvals, Applicable Law or this Amended and Restated Agreement or reduce the development rights or assurances provided by this Amended and Restated Agreement, such City Law shall not apply to the Property or Project; provided, however, the Parties acknowledge that City's approval of this Amended and Restated Agreement is a - 18 - OAK 1/4818- 9576 -2200 v6 legislative action subject to referendum. Without limiting the generality of any of the foregoing, no moratorium or other limitation (whether relating to the rate, timing, phasing or sequencing of development) affecting subdivision maps, building permits or other entitlements to use that are approved or to be approved, issued or granted by City shall apply to the Property or Project. Developer agrees and understands that City does not have authority or jurisdiction over any other public agency's ability to grant governmental approvals or permits or to impose a moratorium or other limitations that may affect the Project. City shall cooperate with Developer and, at Developer's expense, shall undertake such actions as may be necessary to ensure this Amended and Restated Agreement remains in full force and effect. City, except to submit to vote of the electorate initiatives and referendums required by law to be placed on a ballot, shall not support, adopt or enact any City Law, or take any other action which would violate the express provisions or spirit and intent of this Amended and Restated Agreement or the Project Approvals. Section 3.13 Environmental Mitigation. The Parties understand that the EIR is intended to be used not only in connection with the Existing Project Approvals, but also in connection with the Subsequent Project Approvals needed for the Project. Consistent with the CEQA streamlining policies applicable to specific plans, City acknowledges its obligation, in connection with Subsequent Project Approvals, not to require a supplemental or subsequent EIR, mitigated negative declaration, or negative declaration, unless required by Public Resources Code section 21166, and CEQA Guideline 15161 or 15162. Further, City shall rely on the exemption referenced in CEQA Guideline 15182 to the fullest extent permitted by law. To the extent supplemental or additional environmental review is required in connection with the Subsequent Project Approvals, Developer acknowledges that City may require additional mitigation measures that were not foreseen at the time this Amended and Restated Agreement was executed. Section 3.14 Subdivision Maps. A. A subdivision within the Project, which meets the definition of "subdivision" in Government Code section 66473.7(a)(1), shall include as a condition of approval a requirement that a sufficient water supply shall be available as required by Government Code section 66473.7(b)(1). The parties agree that this provision complies fully with section 65867.5(c) of the Development Agreement Statute. B. The Parties intend that the final subdivision maps for the Project will be prepared and submitted by Developer in phases such that the number of residential lots for which a final map has been recorded will at all tunes track the number of residential building permits allocated and issued to Developer. Notwithstanding the foregoing, "large lot" final maps filed for purposes of financing and conveyance, shall depict 1) the total number of residential building permits which have been allocated under the City's Growth Management Ordinance for that "large lot" final map; and 2) the sewer capacity and water capacity allocated to the number of EDUs covered by such large lot. Accordingly, unless otherwise approved by the City Manager or his or her designee in his or her sole discretion, no final subdivision map shall be considered for - 19- OAK #4818 -9576 -2200 v6 approval or be approved by City to the extent the sum total of all previously created residential lots plus the number of lots shown on the proposed final map exceed the sum total of all residential building permits previously issued to Developer plus the maximum number of building permits that may be allocated to Developer pursuant to Section 3.05 below for the calendar year in which the final map application is submitted and the two calendar years immediately there following. C. The Project may be developed in phases as determined by the Developer and approved by the City. Approval by the City will require at a minimum that each phase provides the infrastructure and services necessary to support the development of that phase. Section 3.15 State and Federal Law. As provided in section 65869.5 of the Development Agreement Statute, this Amended and Restated Agreement shall not preclude the applicability to the Project of changes in laws, regulations, plans or policies, to the extent that such changes are specifically mandated and required by changes in State or Federal laws or by changes in laws, regulations, plans or policies of special districts or other governmental entities, other than the City, created or operating pursuant to the laws of the State of California ( "Changes in the Law "). In the event Changes in the Law prevent or preclude compliance with one (1) or more provisions of this Amended and Restated Agreement, the Parties shall meet and confer in good faith in order to determine whether such provisions of this Amended and Restated Agreement shall be modified or suspended, or performance thereof delayed, as may be necessary to comply with Changes in the Law, and City and Developer shall agree to such action as may be reasonably required. This Amended and Restated Agreement and the Project Approvals shall remain in full force and effect unless and until amended in accordance with the requirements of this Amended and Restated Agreement, and, in any event, this Amended and Restated Agreement and the Project Approvals shall remain in full force and effect to the extent the same are not inconsistent with such laws or regulations. Nothing in this Amended and Restated Agreement shall preclude City or Developer from contesting by any available means (including administrative or judicial proceedings) the applicability to the Project any such Changes in the Law. Notwithstanding the foregoing, if Changes in the Law preclude or substantially limit or delay performance in a manner that makes the Project economically infeasible, the Party adversely affected, in its sole and absolute discretion, may terminate this Amended and Restated Agreement by providing written notice of such termination to the other Party. ARTICLE 4. FINANCING AND PUBLIC IMPROVEMENTS Section 4.01 Taxes, Assessments, Fees and Exactions. A. Developer agrees to pay all taxes, fees, assessments and exactions which are payable by Developer under this Amended and Restated Agreement, including Federal /State Compliance Fees, Other Local Agency Compliance Fees, Processing Fees, Consultant Fees, Architect Fees, Regional Traffic Fees, PFFP Fees and the Maintenance Annuity Fees. With the exception of the foregoing fees and except as otherwise provided - 20 - OAK #48189576 -2200 v6 by this Amended and Restated Agreement, City may not impose any new, increased or modified taxes, assessments, impact fees or other monetary and non- monetary exactions on the Project, the Property or the Developer. B. City may charge and Developer agrees to pay any new, increased or modified taxes, assessments, impact fees or other monetary and non - monetary exactions, whether imposed as a condition of or in connection with any Subsequent Project Approvals or otherwise, which are uniformly imposed and reasonably necessary to comply with the requirements of any Federal or State statute or regulation which is enacted or adopted after the Effective Date of this Amended and Restated Agreement ( "Federal /State Compliance Fees "). C. City may charge and Developer agrees to pay any new, increased or modified taxes, assessments, impact fees or other monetary and non - monetary exactions, whether unposed as a condition of or in connection with any Subsequent Project Approvals or otherwise, which are uniformly imposed and reasonably necessary to comply with the requirements of, and /or pass through, any Other Local Agency Compliance Fees. D. City may charge and Developer agrees to pay all water and sewer connection fees ( "Water /Sewer Fees "), which are in force and effect on a City -wide basis at the time those Water /Sewer Fees are payable at the rates then in effect. E. City may charge and Developer agrees to pay all processing fees, including application and inspection and monitoring fees ( "Processing Fees "), for land use approvals, grading and building peiinits, general plan maintenance fees, and other permits and entitlements, which are in force and effect on a City -wide basis at the time those permits, approvals or entitlements are applied for on any or all portions of the Project, and which are intended to cover the actual costs of processing the foregoing; provided, however, that Developer retains the right to challenge increases in such fees above the amounts in effect on the Effective Date as excessive under state law. F. In addition to charging the foregoing Processing Fees, City may, in its sole discretion, contract with one (1) or more outside inspectors, engineers or consultants to perform all or any portion of the monitoring, inspection, testing and evaluation services to be performed in connection with construction and development of the Project ( "Consultant Fees "). Developer shall pay to City, within thirty (30) days following City's written demand therefore and the City's submission of invoices, the full amount of all Consultant Fees, plus a twenty percent (20 %) City administration charge until such time as the City completes an internal study of the City administration charge and either confirms or changes the amount of the City administration charge. The Consultant Fees, together with the associated administrative charge, shall be in addition to, and not in lieu of the Processing Fees; provided, however, City agrees not to double - charge Developer (through the imposition of both a Processing Fee and Consultant Fee) for any individual monitoring, inspection, testing or evaluation service. If the City adopts a reduction in the City administration charge of less than 20% as a result of the City -21 - OAK 64818-9576-2200 v6 study, Developer agrees to pay the amended City administration charge. If, however, the City adopts an increase in the City administration charge as a result of the City study, Developer shall only be required to pay the twenty percent (20 %) City administration charge as applied to Consultant Fees. G. City may engage one or more outside architectural firms to review and evaluate Developer's architectural plans and drawings for the Project, to ensure that the Project complies with the approved architectural guidelines and to advise City and the Planning Commission in connection with design review. City shall cooperate with Developer in establishing a scope of work and budget(s) for said architectural firm(s). City agrees that the scope of work to be undertaken by the firm(s) shall be reasonable in light of the size, type and complexity of the Project. Developer shall pay to the City, within 30 days following City's written demand therefore, the full amount of all costs and fees charged by such outside architects ( "Architect Fees "), plus a twenty percent (20 %) City administration charge, unless such charge is reduced by City as the result of a study prepared as discussed in paragraph F above. Section 4.02 Regional Traffic Improvement Fee. A. Unless otherwise set forth herein, Developer agrees to pay, at the time of issuance of a building pen-nit for each residential and /or commercial unit or building within the Project, any future regional traffic improvement impact fee enacted by City or the Sonoma County Transportation Authority ( "SCTA ") pursuant to the Mitigation Fee Act (Government Code Section 66000, et seq.) that is based upon a nexus study for the purposes of establishing a regional traffic improvement fee (the "City -wide Traffic Impact Fee "). Developer shall fund the nexus study provided for under this paragraph A in an amount not to exceed One Hundred Thousand Dollars ($100,000). The City -wide Traffic Impact Fee shall be consistently applied on a city -wide basis to all substantially similar types of development projects. If no City -wide Traffic Impact Fee has been adopted at the time of issuance of a building permit for such residential or commercial unit or building, then Developer shall pay City, at the time of building permit issuance of the single family residence or other dwelling unit and out of the escrow account for the sale, a fee ( "Regional Traffic Fee ") equal to Three Thousand and Five Hundred Dollars ($3,500) for each market rate residential unit to mitigate the regional traffic impacts of the Project. Developer shall be entitled to a credit against the Regional Traffic Fee for Developer's actual out -of- pocket costs paid to unaffiliated third parties in connection with Developer's construction and installation of City approved regional traffic improvements, if any. For purposes of this Section 4.02, City approved regional traffic improvements shall include regional roadway and traffic improvements as selected by City from time to time in its discretion. It is understood that Developer's payment of the Regional Traffic Fee satisfies Developer's obligations under the EIR for the following mitigation measures: (i) Adobe Road /Petaluma Hill Road (Mitigation Measure TRA -9a); (ii) Main Street /Old Redwood Highway (Mitigation Measure TRA -9a); and (iii) E. Cotati Avenue /Old Redwood Highway (Mitigation Measure TRA -18a). Roadway and traffic improvements included within the PFFP or required by the Project Approvals, including the Rohnert Park Expressway, Keiser Avenue improvements, and various traffic signals - 22 - OAK 44818- 9576 -2200 v6 on Petaluma Hill Road shall not be considered City approved regional traffic improvements for purposes of this Section 4.02. All Regional Traffic Fees paid by Developer shall be held by City in a separate account and used exclusively for City approved regional traffic improvements which mitigate regional traffic impacts identified in the EIR. B. If, after five (5) years after the issuance of the 1,454th building permit, such City -wide Traffic Impact Fee has not been committed in writing or expended by City for the construction of regional traffic improvements that meet the criteria set forth above, City shall return such unexpended and uncommitted Regional Traffic Fees to Developer, except for any amount paid to City pursuant to Section 4.02 C(ii). C. In the event that City adopts a Citywide Traffic Impact Fee, which is less than and replaces the Regional Traffic Fee, Developer shall pay to the City at the time of issuance of any building permits both (i) the new City -wide Traffic Impact Fee, and (ii) one -half (1/2) of the difference between the Regional Traffic Fee of $3,500 and the City -wide Traffic Impact Fee. It is understood that any monies received pursuant to 4.02C(ii) shall be retained and expended by City in its sole discretion. Section 4.03 Public Facilities Financing Plan. A. City has prepared and adopted the PFFP in order to identify capital facilities necessary to serve new development, and to develop a comprehensive strategy for managing the financing of such facilities, among other purposes. Developer shall participate in the PFFP and any amendments thereto applicable to the Project. Developer and City agree that the terms and provisions of the PFFP shall apply to the financing of public improvements necessary to serve the Project. The financing requirements for all in- tract improvements shall be set forth in the Specific Plan and in the conditions of approval for the UD Tentative Map and the VO Tentative Maps. B. Developer shall pay City the PFFP Fees in effect at time of issuance of each building. Developer further agrees to and accepts the "fair share" methodology for allocating costs among planned development projects, including the Project, and existing development within City as set forth in the PFFP as of the Effective Date. Developer acknowledges and agrees that City may update cost estimates and the amount of the PFFP Fees from time to time, as City deems necessary and appropriate. Except as otherwise expressly provided in the sentence immediately here following, Developer hereby covenants not to sue City in connection with, and waives any and all rights to challenge, the PFFP, including any updates to the PFFP, on any grounds whatsoever. Developer retains the right to bring an action challenging the allocation of PFFP Fees solely on the grounds that such fees were not allocated in accordance with the fair share methodology set forth in the PFFP as of the Effective Date. C. Notwithstanding any provision of the PFFP to the contrary, Developer shall be entitled to receive credits against PFFP Fees for those improvements - 23 - OAK /148 t8- 9576 -2200 v6 included in the PFFP and constructed by Developer ( "PFFP Credits "), at the lesser of: (i) Developer's actual out -of- pocket cost and expenses paid to unaffiliated third parties in connection with the construction and installation of such improvements, or (ii) the designated cost amounts for such improvements set forth in the PFFP at the time City approves the plans for such improvements ( "Eligible Cost "). To the extent the aggregate Eligible Cost of all PFFP improvements constructed by Developer exceeds Developer's total PFFP Fee obligation with respect to the Project, City and Developer shall enter into a separate reimbursement agreement, in a form reasonably acceptable to the City Attorney, whereby Developer will be reimbursed from available PFFP funds paid in the future by third party developers at the time such funds are paid to City. City shall have the right to use PFFP funds paid by other developers for certain critical infrastructure facilities before reimbursements are made available to Developer. To the extent applicable, the reimbursement agreement shall also provide a mechanism for Developer to be reimbursed for its actual out-of-pocket costs in connection with acquisition of land owned by third parties and required for off -site PFFP public improvements, if and when such third party land owners develop their properties in the future. Developer shall maintain and make available to Agency and its representatives, for review and /or audit from time to time, records of all costs and expenses which are subject to potential reimbursement pursuant to the reimbursement agreement. D. Developer shall notify and present to City any request or proposal which includes the transfer, assignment, option or sale of PFFP Credits for improvements required for the Project prior to taking any final action to transfer, assign, option or sell PFFP Credits. City shall review and retain sole authority of any such request regarding PFFP Credits. Developer shall not assign, transfer, option or sell PFFP Credits without the written authorization of City for such action. E. City covenants and agrees that until all such fees are credited or reimbursed, City will administer the PFFP in a consistent manner and will require developers of all residential and commercial projects within the City to either pay their respective share of PFFP fees, determined in accordance with the PFFP as amended from time to time, or construct PFFP improvements in an amount equal to their respective share. F. Developer shall pay, at a minimum, Twenty -Five Percent (25 %) of its obligation for PFFP Fees in cash at the time of building permit issuance. Provided Developer has realized PFFP Credits due to actual funding and construction of PFFP improvements, Developer may utilize those existing PFFP credits for the remaining Seventy -Five Percent (75 %) of its PFFP Fee obligations. Developer's authority to pay only Twenty Five percent (25 %) of its PFFP Fee obligations in cash is based on the assumption that Developer shall fund its PFFP Fee obligations in accordance with the schedule set forth in Exhibit C -1. - 24 - OAK #4818- 9576 -2200 v6 Section 4.04 Community Facilities District. A. Community Facilities District; Formation. Subject to subsection F. below, and consistent with the Project Approvals and Applicable Law, the Parties shall cooperate in good faith to establish the CFD pursuant to the Mello -Roos Act (Government Code Section 53311 et seq.). The boundaries of the CFD shall be coextensive with those of the Property, unless the Parties otherwise agree. Upon the filing of a petition by Developer pursuant to Government Code Section 53318(c), the City Council shall consider adoption of a resolution of intention to establish the CFD and, following adoption, City shall use good faith, diligent efforts, in compliance with Government Code Sections 53318 et seq., to establish and implement the CFD pursuant to the terms of this Amended and Restated Agreement, including scheduling of necessary public hearings and adoption of a resolution of formation. City shall cause the CFD, upon formation, to become subject to and to comply with the provisions of this Amended and Restated Agreement specifically applicable to the CFD. Developer shall cooperate with City in the formation of CFD including the timely submission of all petitions, waivers and consents. The City shall be responsible for conducting all proceedings for the establishment of the CFD, including the adoption of all resolutions, ordinances and orders and recording of maps, notices, releases and the conduct of all hearings, elections and other public meetings under the Mello -Roos Act to establish the CFD, levy the Special Taxes and, as appropriate, provide for issuance of the CFD Bonds. To the extent City has not already adopted policies required by Government Code Section 53312.7, City agrees to use its hest efforts to adopt such policies within ninety (90) days following the Effective Date. Developer acknowledges and agrees that City's policies may require, among other things, that the CFD proponent (in this case, Developer), provide a letter of credit or other credit enhancement instrument in form and amount reasonably satisfactory to City which is sufficient to ensure payment of the principal and interest payments on the CFD Bonds for up to two (2) years following issuance thereof (computed without regard to the availability of capitalized interest or amounts on deposit in a debt service reserve fund). B. Public Benefit Facilities. Subject to caps on the total amount of net CFD Bond proceeds and the total tax and assessment rate set forth in subsections D. and E. below, the CFD shall finance the design and acquisition or construction of those public facilities necessary for development of the Project which may lawfully be financed under the Mello -Roos Act and other applicable law, including (i) off -site public improvements financed or proposed to be financed through Assessment District 05 -01 as further described in Section 4.05; (ii) off -site public improvements described in the PFFP; and (iii) on -site, in -track public improvements, including park improvements, storm drainage improvements, public roadways and sidewalks (collectively, the "Public Benefit Facilities "). Financing of the Public Benefit Facilities with CFD Bonds shall be subject to approval of the City, based on the unqualified written opinion of a nationally - recognized bond counsel that interest on the CFD Bonds will be federally tax exempt. The Parties agree that in connection with issuance of the CFD Bonds, Developer and City will enter into a funding and acquisition agreement in a form reasonably acceptable to City's bond counsel setting forth, among other things, the procedures for and mechanism - 25 - OAK 44818- 9576 -2200 v6 by which Developer will be reimbursed, out of available proceeds of the CFD Bonds, for Public Benefit Facilities constructed and /or paid for by Developer. C. Advance of Expenses; Reimbursement. Developer shall advance to City the actual out of pocket costs of formation of the CFD, sale of CFD Bonds, and other costs and expenses associated with the CFD ( "Advanced Costs "). Such Advanced Costs may include, without limitation, legal, financial, appraisal and engineering costs and expenses associated with (i) formation of the District; (ii) determination of the rate and method of apportionment and levy of the Special Tax; (iii) review and approval of the plans and specifications for construction of the Public Benefit Facilities; (iv) determination of the value of property; (v) sale of CFD Bonds; and (vi) any other costs or expenses reasonably incurred in connection with the CFD. All such Advanced Costs, together with those reasonable out -of- pocket legal, engineering and financial services costs incurred by Developer directly related to establishment and implementation of the CFD which have been approved by the City Manager or his or her designee in his or her reasonable discretion and which may lawfully be financed under the Mello -Roos Act and other applicable law, shall be reimbursed to Developer from proceeds of the sale of CFD Bonds. D. Issuance of CFD Bonds. Upon successful formation of the CFD and approval of the Special Tax, and subject to the restrictions in this subsection D. and in subsection E. below, bonds shall be issued ( "CFD Bonds "), the proceeds of which shall be used to finance the Public Benefit Facilities, to the extent the Public Benefit Facilities legally and feasibly may be financed utilizing this method of financing. The amounts, timing and terms of the issuance and sale of the CFD Bonds shall be determined by the City, in consultation with the Developer and the City's bond counsel, financial advisors and /or underwriters. Subject to the state of development of the Property and prevailing bond market conditions, the timing of the sale of the CFD Bonds shall be coordinated, as closely as possible, with the phasing of the development of the Property to provide financing for the Public Benefit Facilities in a timely fashion to meet the needs of the respective phases of development of the Project. If necessary, the CFD Bonds may be issued in series to help correspond to such phases. Developer agrees to assist the City in the issuance of the CFD Bonds by providing financial and development information reasonably required for due - diligence and disclosures relating to the issuance of the CFD Bonds and to provide for any required continuing disclosures under applicable securities laws. The total net proceeds of the CFD Bonds (not including capitalized interest or amounts on deposit in a debt service reserve fund; underwriter fees, legal costs, administrative expenses and other costs of issuance; or that portion of the CFD Bonds proceeds, if any, applied towards repayment of Assessment District 05 -01 liens in effect as of the Effective Date as further described in Section 4.05) shall not exceed Fifty Million Dollars ($50,000,000). E. Special Tax. The CFD shall be authorized to levy, and Developer shall approve (by affirmative vote or other legally acceptable method), a tax ( "Special Tax ") in accordance with the rate and method of apportionment of such Special Tax approved in the completed proceedings for the CFD. The Special Tax shall be - 26 - OAK #4818- 9576 -2200 v6 determined and collected annually by the City against all taxable parcels as defined by the rate and method of apportionment of the Special Tax for the CFD. The Special Tax shall be collected in the same manner and at the same time as ad valorem property taxes, unless some other method of collection is specified by the City. The Special Tax shall be set at an amount sufficient to pay the estimated annual principal of and interest on the CFD Bonds, together with required debt service coverage requirements and the annual costs of calculation, collection and disbursement of the Special Tax and the annual administration, engineering, and inspection costs associated with the CFD; provided, however, the Special Tax so set shall be in an amount such that, at the time the rate and method of apportionment of the Special Tax is approved, the estimated total annual taxes and assessments to be levied on each taxable parcel within the CFD district shall not exceed 1.75% of the parcel's projected assessed valuation based on a reasonable estimate of the sale price for the parcel and the residential or commercial unit to be constructed thereon, which estimated sale price has been approved by the City Manager or his or her designee in his or her reasonable discretion. The rate and method of apportionment shall be drafted to allow a property owner to permanently satisfy the Special Tax (and remove the lien thereof) as to any taxable parcel by prepayment pursuant to Section 53344 of the Mello -Roos Act. F. City's Reservation of Discretion. It is expressly acknowledged, understood and agreed by the Parties that (i) City reserves full and complete discretion with respect to legally required findings that must be made in connection with formation of the CFD, (ii) nothing in this Amended and Restated Agreement is intended to or shall limit City's ability to adopt legally required findings with respect to formation of the CFD, and (iii) nothing in this Amended and Restated Agreement is intended to or shall prejudge or commit to City regarding the findings and determinations to be made with respect thereto. G. Costs If No CFD Formed. In the event that City is unable to make the legally required findings in connection with the formation of the CFD and the issuance of CFD Bonds for any reason, City shall not be liable for any resulting costs to Developer and Developer shall have the right to terminate this Amended and Restated Agreement by written notice to City given within 30 days following the date City is unable or elects not to proceed with such formation of the CFD and issuance of CFD Bonds. If Developer opts not to terminate this Amended and Restated Agreement then Developer shall nonetheless be responsible for constructing all of the Public Benefit Facilities at its expense (but subject to potential reimbursement of excess Eligible Costs as provided in subsection 4.03.C. above) regardless of whether the cost thereof exceeds Developer's PFFP Fee obligation. H. Developer's Cooperation. In connection with the establishment and implementation of the CFD, Developer (i) will execute all necessary petitions and ballots and waive all election waiting and protest periods at City's request and prior to the issuance of any building permit on any phase of the Project; (ii) support City's adoption of local policies related to use of CFD financing, which may include a requirement that the CFD proponent provide, at its expense, a letter of credit or other credit enhancement -27 OAK #4818 -9576 -2200 v6 instrument sufficient to ensure repayment of the principal and interest payments on the CFD Bonds for up to two (2) years following issuance thereof, as reasonably determined by City; (iii) cooperate in the development of rate and method of apportionment or assessment formula; (iv) allow special tax liens to encumber all phases of the Project in order to accomplish the required construction projects; and (v) if requested by City, cooperate with City to prepay with proceeds from the CFD Bonds all or a portion of the Assessment District 05 -01 bonds described in Section 4.05 below. I. Developer's Consent. Developer irrevocably consents to the formation of the CFD, the issuance of the CFD Bonds, the imposition of the Special Tax against the Property at rates and pursuant to a method of apportionment appropriate to fund the debt service on the CFD Bonds sold to finance the Public Benefit Facilities, and agrees not to protest or object to formation of the CFD or levy of an appropriate Special Tax consistent herewith. Developer has agreed to the financing provisions set forth in this Section 4.04 and to perform the obligations hereunder in exchange for the consideration and benefits provided to Developer by City under this Amended and Restated Agreement, including the vested right to develop the Property. Developer acknowledges and agrees that CFD Bonds shall not be issued to fund any on -site public improvements or any other infrastructure or fees other than the Public Benefit Facilities. J. Notification of Fees, Taxes, and Assessments. Developer shall provide actual and conspicuous notice to potential homeowners, in a form reasonably acceptable to the City and in compliance with all applicable legal requirements (including, without limitation, applicable provisions of Government Code Section 53341.5) of any and all fees, taxes, and assessments to be charged to any and all purchasers of real property interests in the Project. Developer shall provide potential homeowners with a written and itemized notice of such projected costs and the manner in which they will be charged to the potential homeowner, which notice the potential homeowner shall sign. Developer shall retain a copy of each signed notice in Developer's files for at least fifteen (15) years following the date of such notice, and shall provide a copy of each such signed notice to the City's Community Development Director. K. Limited Liability of City. Notwithstanding any other provision of this Amended and Restated Agreement, City shall not be liable for or obligated to pay any costs or expenses in connection with the CFD or the Public Benefit Facilities except to the extent monies are available (from Advanced Costs, PFFP Fees collected in accordance with the PFFP, proceeds of CFD Bonds, or Special Taxes) and specifically authorized by law for payment of such costs or expenses. L. CSCDA or ABAG. For purposes of this Section 4.04, Developer, in Developer's sole discretion, may elect to fotni the CFD through the CSCDA or the Association of Bay Area Governments ( "ABAG "), so long as CSCDA or ABAG, establishes the CFD (i) in accordance with the City's goals and policies set forth in Resolution 2006 — 276, and (ii) the CFD is established such that its terms are in compliance with Section 4.04 of this Amended and Restated DA. Accordingly, in the - 28 - OAK #48 18 -9576 -2200 v6 event Developer elects to proceed with either CSCDA or ABAG, Developer shall notify City of its intent to proceed with CSCDA or ABAG, and provide documentation evidencing that CSCDA or ABAG will comply with the above - referenced City's goals and policies and this Section 4.04. In the event Developer elects to form a CFD through ABAG or CSCDA, all references to the City in the organizational documents shall be substituted with references to either CSCDA or ABAG as appropriate and all references to the City Council shall be substituted with references to the applicable governing body of either CSCDA or ABAG as may be appropriate. Except that, any obligations in Section 4.04.J regarding Developer's obligation to attain City approval of all notices sent to potential Homeowners shall remain in full force and effect. Should the Developer elect to form the district through CSCDA or ABAG, CSCDA or ABAG will prepare a Resolution for adoption by the City Council which incorporates said policies into the Resolution and designates a city official as the lead person and contact through the formation and issuance process. Section 4.05 Assessment Districts. A. Developer acknowledges that prior to the Effective Date, City, with the consent of the County of Sonoma, has formed Assessment District 05 -01 under the authority of the Municipal Improvement Act of 1913 and this Assessment District 05- 01 has established a lien upon the Property. Developer further acknowledges and agrees that City reserved authority to sell assessment bonds under the authority of the Improvement Bond Act of 1915, for the purposes of funding the City's sewer interceptor /outfall project and that such bonds will be secured by the aforementioned lien. Developer also acknowledges and agrees that the City, from time to time and with the consent of the County, may initiate proceedings to change and modify Assessment District 05 -01 to fund the construction of additional public improvements that are identified in the PFFP, and that in the opinion of the City Engineer or his designee provide unique and special benefit to the Property. In accordance with City Municipal Code section 3.28.080.C., to the extent some or all of the capital facilities proposed to be financed through the PFFP are financed through Assessment District 05 -01, Developer's participation in such Assessment District shall be a credit against the appropriate component of the PFFP Fees that would otherwise be payable by Developer. B. In connection with Assessment District 05 -01 as is currently stands, Developer shall make all payments of assessment liens that have been levied and that may be billed on the tax roll of the County of Sonoma. In connection with changes and modifications to Assessment District 05 -01 as may occur from time to time, Developer (i) will execute all necessary petitions and ballots and waive, to the maximum extent allowed by applicable law, all election waiting and protest periods at City's request; (ii) cooperate in the development of additional or modified assessment formulas; (iii) allow assessment liens to encumber all phases of the Project in order to accomplish such additional public improvement projects; and (iv) make all payments of assessment liens that are levied and billed on the tax roll of the County of Sonoma in connection with such changes and modifications. In the case of any conflict between the provisions of this Amended and Restated Agreement and the method of apportionment or assessment - 29 - OAK 114818- 9576 -2200 v6 utilized in Assessment District 05 -01, as it may be changed and modified from time to time, the Assessment District 05 -01 method of apportionment or assessment shall be utilized. Except as may otherwise be approved by Developer in its reasonable discretion, City agrees that it will not pursue levy of any additional or increased Assessment District 05 -01 liens against the Property unless and until any litigation challenging this Amended and Restated Agreement, the City's water supply assessment or any of the Project Approvals has been resolved in.a manner that will pen-nit the Project to proceed as described in this Amended and Restated Agreement. Section 4.06 Maintenance Annuity, A. Developer shall fund, and City shall establish, a maintenance annuity fund ( "Maintenance Annuity ") to offset the projected fiscal deficit to the General Fund of City created by the residential development within the Project as set forth in the Fiscal Impact Report and to comply with the following General Plan policies and goals: GM -F, GM -H, GM -9, GM -13, OS -H, EC -10 and HO -3. B. The Maintenance Annuity will be created and funded as follows: (1) At the time of issuance of a certificate of occupancy for each residential unit within the Project, Developer shall pay to City the applicable Maintenance Annuity amounts determined as provided in this subsection 4.06.B. The Maintenance Annuity amounts payable as of the Effective Date shall be Eleven Thousand Two Hundred Dollars ($11,200) for each residential unit, including all market rate and all Affordable Units including single family and multi- family for -sale and rental units, and shall be subject to periodic adjustment as provided herein. The foregoing initial Maintenance Annuity amount shall be increased on the first anniversary of the Effective Date and each year thereafter (each, an "Adjustment Date ") to equal the sum of (i) the initial Maintenance Annuity amount set forth above, plus (ii) the product obtained by multiplying such amount by the percentage increase in the Consumer Price Index measured from the measuring month nearest the Effective Date, to the measuring month nearest the Adjustment Date; provided, however, in no event shall the Maintenance Annuity amount be reduced below the initial amount set forth above. As used herein, the term "Consumer Price Index" means the United States Department of Labor's Bureau of Labor Statistics Consumer Price Index, All Urban Consumer, All Items, San Francisco - Oakland -San Jose, California (1982 -1984 equals 100), or the successor of such index. (2) City shall invest all amounts received under this Section 4.06 in a segregated annuity or investment account selected by and acceptable to City, which will create a stream of income to be paid into the City's General Fund to pay for the increased cost of municipal services resulting from the development of the Project. Developer agrees that the Maintenance Annuity amount set forth above, including the Fiscal Impact Report, the formula for adjusting the initial amount as set forth above, and the interest to be earned by City on the Maintenance Annuity, represent a fair, reasonable and accurate measure and method of determining the incremental impact of the increased cost of municipal services resulting from the residential development of the Project. - 30 - OAK #4818- 9576 -2200 v6 Developer hereby covenants not to sue City and waives any and all rights to challenge the validity of the Fiscal Impact Report and the Maintenance Annuity amount, as increased or decreased annually as provided above. Section 4.07 Financing Mechanisms for Private Improvements. Prior to approval of any final map within the Project, Developer shall prepare and submit to the City Manager or his designee for review and approval a plan, that may include establishment of property owner and homeowner associations ( "HOA "), to ensure payment of the on -going costs of operation, maintenance, repair and replacement of all private open space, private recreation and private parks, private landscaped areas and private alleys and all water quality detention basins and facilities included within such final map ( "HOA Maintenance Program "). In proposing a HOA Maintenance Program to City, Developer shall demonstrate to the satisfaction of City Manager or his or her designee (in his or her reasonable discretion) that funding of such on -going costs is economically sound and feasible and will not burden initial Project phase residents. Approval of the mechanism for funding such ongoing costs by the California Bureau of Real Estate (BRE) shall be required. A. The HOA Maintenance Program shall include at a minimum, evidence of an adequate funding mechanism (e.g. cash flow analysis, ongoing maintenance costs, capital replacement costs, and HOA revenue) and shall consider the phasing of improvements with each phase of development. In the event that Developer is unable to satisfactorily demonstrate to the City Manager or his or her designee that the initial Project phase residents will not be burdened by additional maintenance costs, Developer shall adjust the BRE budget and /or the timing of the transfer of the HOA improvements from the Developer to the HOA. Any such adjustments shall be reflected in a revised HOA Maintenance Program. It is understood that any revised HOA Maintenance Program may reflect submission of additional funding by Developer in order to avoid financially burdensome impacts to the initial Project phase residents. Any additional funding provided by Developer shall be sufficient to assure that all costs, including maintenance of an adequate reserve to reimburse City for any maintenance and repair work completed by City, if necessary, can be established. B. Developer shall dedicate to the Homeowners' Association (HOA) all water quality detention basins and facilities within the Project promptly following Developer's satisfactory completion of such basins and facilities. The HOA shall be responsible for maintaining, operating, repairing and replacing, as necessary, the water quality and flood water detention basins and facilities, and the property owner and homeowner associations (and not City) shall be solely responsible for bearing all costs in connection with such maintenance, operation, repair and replacement. The City shall be named as an express third party beneficiary under all property owner and homeowner association documents with the right to independently enforce such associations' obligation to maintain and pay all costs of maintaining, operating and repairing the water quality detention basins and facilities. - 31 - OAK #4818 -9576 -2200 v6 C. Upon notice to the HOA, City shall have the right to perform maintenance and repair work as needed to ensure that the creeks and basins will function as designed and will have adequate flood protection capacity; the City will have the right to invoice the HOA for costs incurred and the HOA will reimburse the City for these costs in a timely manner but in no event less than 30 days of receipt of invoices. As an option, the HOA and City may enter into a written contract whereby the City will perform specified work on a long -term basis and the HOA pays the City for the cost of this work. Developer may also agree to provide a maintenance annuity for the cost of specified work to be performed by the City (the annuity will be separate and apart from the annuity required under Section 4.06). The CC &R's shall include a description and an exhibit of improvements to be maintained by the HOA. The form of Developer's homeowner and property owner association documents, including conditions, covenants and restrictions, shall be subject to review and approval by the City Attorney, not to be unreasonably withheld or delayed. D. Each final map for the Vast Oak and UDLLC properties shall include a public drainage easement over the creek and basin properties. Developer and the HOA shall not contest the right of upstream third parties to discharge runoff into the creeks and basins. E. Developer shall enter into an agreement with the City to operate and maintain into perpetuity all water quality and water detention improvements within the Vast Oak and UDLLC properties. The agreement shall run with the property and shall provide for the HOA to succeed Developer upon transfer of these parcels from Developer to the HOA. The agreement shall be subject to the approval of the North Coast Water Quality Control Board and generally conform to the City of Santa Rosa long -term maintenance agreement for stormwater treatment measures. Section 4.08 Pedestrian Bridges and Paths. Developer shall use its best efforts to complete construction of, and dedicate to City, a pedestrian bridge across Copeland Creek connecting the J Section to Rancho Cotati High School. Construction shall be completed and the bridge dedicated to the City pursuant to the timeframe identified in Exhibit C. Notwithstanding the foregoing, should Developer be unable to obtain, despite its best efforts, resource agency approval for such construction Developer shall pay City an amount equal to the full estimated cost of constructing the Copeland Creek pedestrian bridge as determined by the City Engineer based upon the lowest responsible bid received by City for such work so that the City may coordinate the receipt of the resource agencies' approval and construct this pedestrian bridge. Developer shall also commence and complete construction of a pedestrian bridge across Hinebaugh Creek connecting VO East to VO North in accordance with the timeframes identified in Exhibit C. Section 4.09 Roadway Improvements. Developer, at its expense, shall design, construct and thereafter dedicate to City the roadway improvements set forth in this Section 4.09 in accordance with the timeframes identified in Exhibit C. In the event that Developer does not complete construction in accordance with the time periods established in Exhibit C, the City Manager has the right to either withhold future building - 32 - OAK #4818- 9576 -2200 v6 permits until the construction of the improvement is completed, or the City Manager may extend the time period for completion of construction. A. Rohnert Park Expressway. Developer shall commence construction of and shall complete the Rohnert Park Expressway improvements in two phases, including signalization improvements, or as otherwise defined in Exhibit C. (1) Notwithstanding the above, Developer shall complete interim street connections between Rohnert Park Expressway and all new interior streets within the Vast Oak property prior to occupancy of any residential units or non- residential space. The improvements shall provide safe and reasonable access to interior streets, reflecting the condition of Rohnert Park Expressway at the time of the first occupancy, and shall be improved and upgraded as needed for the duration of construction on Rohnert Park Expressway to reflect changed conditions as construction progresses. The interim improvements shall be shown on a plan approved by a civil engineer licensed to practice in the State of California, and shall be reviewed and approved by the City Engineer or his designee prior to implementation. (2) Developer shall construct the Rohnert Park Expressway improvements based on a City - approved roadway design for the Rohnert Park Expressway improvements pursuant to the timeframes set forth in Exhibit C. City's acceptance of the Rohnert Park Expressway improvements shall not be unreasonably withheld. B. Keiser Avenue. Developer shall construct the Keiser Avenue improvements, including signalization improvements, in two phases, as described in the PFFP and as defined in and in accordance with the timeframes set forth in Exhibit C. . C. Bridge /Connector Improvements. Developer shall commence construction of the connector roadway and bridge(s) connecting VO East across VO North to Keiser Avenue, as defined in and pursuant to the timeframe identified in Exhibit C. Subject to approval by the applicable resource agencies, such bridge(s) may consist of a combined vehicular /pedestrian bridge or separate vehicular and pedestrian bridges. Section 4.10 City Dedication and Acquisition Parcels. A. Water Tank. Developer shall fund all costs and expenses associated with the permitting, design, construction and installation of an approximately eight hundred thirty -three thousand (833,000) gallon water tank, and shall construct and install such water tank to serve those uses delineated in Specific Plan, to the satisfaction of the City Manager or his or her designee as defined in and pursuant to the timeframe identified in Exhibit C. Developer acknowledges and agrees that no building permit will be issued for the four hundredth (400th) residential unit within the Project until such time as installation of the water tank has been completed and the Parties have closed escrow for City's acquisition of the Water Tank Property from Developer as provided in Section 4.10.B., below. The water tank construction shall be completed in accordance with the schedule set forth in this Section 4.10.A., subject to the understanding that extension of - 33 - OAK #4818 -9576 -2200 v6 the City's water transmission line from the aqueduct by the golf course down Rohnert Park Expressway to Snyder shall be completed such that Project fire flows and demands can be served by the extension and connection to the City's water system. Provided Developer meets its funding obligations under this Section 4.10.A, and subject to enforced delays as provided in Section 9.06, in the event that Developer fails to timely construct the water tank, City may pursue permitting, design, construction and installation of the water tank. Following receipt of an Engineer's Estimate for construction for the Water Tank, the City will request funding from Developer in the amount of: 1) the Engineer's Estimate, 2) 10% for construction contingencies, and 3) the estimated cost of inspection and construction management (collectively referred to as the "Water Tank Costs "). Developer shall pay the Water Tank Costs to the City within 30 days of written request by the City. Upon receipt of the funding from Developer, the City will advertise for construction bids for the Water Tank Construction. Developer shall reimburse City for any and all of City's costs, fees and expenses, including legal and staff time, incurred in connection with such permitting, design, construction and installation in the following manner: (1) The City shall render invoices outlining the items for which payment is requested for any and all costs, fees and charges required under this Section. Invoices shall be due and Developer shall pay said invoices within thirty (30) days of mailing invoice. Any amount found to be due shall be immediately due and payable upon receipt of notice. (2) In the event that Developer fails to pay an invoice or any portion thereof, it shall become delinquent thirty (30) days after mailing the invoice. Invoices not paid by this date shall be subject to a penalty of ten percent (10 %). Developer shall pay this amount for each calendar month in which all or any part of any invoice payment remains delinquent. The Parties agree that this late charge represents a reasonable estimate of the expenses the City will incur. The City's acceptance of the late payment shall not constitute a waiver of Developer's breach with respect to the overdue amount or prevent the City from exercising any of the rights and remedies available to the City under this Amended and Restated Agreement. B. Acquisition of Water Tank Property. In consideration for City's payment of the Water Tank Property acquisition price referenced below, City's agreements hereunder and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Developer shall transfer, and City shall acquire, a fee interest in and to the approximately fifty three (53.0) acre Water Tank Site, and a nonexclusive access easement over adjacent land owned by Developer or its Affiliated Party ensuring that City and its designees have access to the water tank and Water Tank Site from the nearest public road (collectively, the "Water Tank Property "). The Parties agree that the acquisition price for the Water Tank Property shall be Ten Dollars ($10) and that such acquisition price, together with the benefits to Developer provided under this Amended and Restated Agreement, represents the fair market value of the Water Tank Property. Further, the Parties agree that Developer shall retain the twenty (20) foot access ri ghts across the 53.0 acre Water Tank Property for utilities, - 34 - OAK #4818- 9576 -2200 v6 vehicle access, and pedestrian access as depicted on Revised Exhibit E, which easement and access rights may be further re- aligned by Developer so long as Developer's access rights do not interfere with City's use and enjoyment of Water Tank Property and Developer has received City approval. The Parties acknowledge that the acquisition of the Water Tank Property by City pursuant to this Section 4.10 is anticipated to be made in lieu of condemnation by City. The Parties intend by this Amended and Restated Agreement to provide for full and complete compensation to Developer for the Water Tank Property and all other costs, including but not limited to severance damages. The Parties acknowledge that because the City may exercise the power of eminent domain to acquire, Developer is compelled to sell; and because City requires the Water Tank Property for a public project, City is compelled to buy. As such the acquisition of the Water Tank Property is an involuntary conversion of the Water Tank Property from private to public use. Both Developer and City recognize the expense, time, effort and risk to both Developer and City in resolving a dispute over compensation for the Water Tank Property by eminent domain litigation; and the compensation set forth herein is in compromise arrived at by negotiation and settlement, in lieu of and in avoidance of such litigation. The closing of the Water Tank Property transfer and acquisition will take place through an escrow established with a title company selected by City. The closing shall occur as soon as practicable following annexation of the Property on a date mutually acceptable to the Parties, but in any event prior to issuance of the first (1st) building permit for any residential unit within the Project. Developer shall cause the Water Tank Property to be conveyed to City free and clear of all recorded and unrecorded non- monetary liens, encumbrances, easements, leases, covenants, conditions, restrictions, and other exceptions to or defects in title, excepting only the lien for current, non - delinquent property taxes and the Williamson Act Contract. Developer shall pay all costs required to place title in the condition described herein and shall convey the Water Tank Property to City by a standard title company form grant deed, except that the deed shall recite that the transfer is in lieu of acquisition by eminent domain. All escrow charges and recording fees shall be borne by Developer. City shall pay the cost of its owners' policy of title insurance. Escrow agent shall pay and charge Developer for that portion of current property taxes and assessments and any penalties and interest thereon allocable to the period prior to the close of escrow. The portion of current property taxes which would otherwise be allocable to the period after the close of escrow shall not be allocated, as City is exempt from payment of property taxes. Developer shall have the sole right, after close of escrow, to apply to the Sonoma County Tax Collector for refund of any excess property taxes which have been paid by Developer with respect to the Water Tank Property. The obligation of the City to complete the acquisition of the Water Tank Property shall be subject to the satisfaction, or written waiver by City, of the following conditions: (i) Developer shall deliver through escrow an executed, acknowledged and - 35 - OAK #4818- 9576 -2200 v6 recordable grant deed sufficient to convey fee title to the City as set forth in this subsection 4.10.B.; (ii) Developer shall deliver through escrow a non- foreign transferor declaration duly executed and in a form reasonably acceptable to escrow agent; (iii) a title company reasonably acceptable to City shall be prepared to deliver to City an ALTA standard or, at City's election, an extended coverage owner's policy of title insurance showing fee title to the Water Tank Property vested in City in the condition described in this subsection 4.10.B. with insurance coverage in the amount of the fair market value of the Water Tank Property as reasonably determined by City; and (iv) City shall have approved the soils and environmental condition of the Water Tank Property. C. Crane Creek Regional Park Easement. Pursuant to the timeframe identified in Exhibit C, Developer shall execute, acknowledge and deliver to City for recordation in the Official Records of Sonoma County, an irrevocable offer to dedicate to City or City's designee a perpetual easement for trail purposes, approximately twenty (20) feet in width, over and across the Crane Creek Trail Easement Area depicted and described in Exhibit F attached hereto. The trail easement shall include access for pedestrian, bicycle and maintenance vehicles and the installation, maintenance and repair of utilities and temporary construction areas. City will be responsible for design, permit processing, maintenance and improvement costs associated with the trail, and will determine the location of such trail, subject to a requirement that it not inhibit the adjacent property's use for resource agency or other regional improvements, such as recycled or potable water tanks, recycled water reservoirs, and the like. The irrevocable offer to dedicate shall be in a form reasonably acceptable to the City Attorney. Prior to City's recordation of the irrevocable offer to dedicate the Crane Creek trail easement, Developer, at its expense, shall cause all recorded and unrecorded monetary liens and all recorded and unrecorded non - monetary liens, encumbrances, easements, leases, covenants, conditions, restrictions, and other exceptions to or defects in title, excepting only the lien for current, non - delinquent property taxes, to be removed from title. D. No Additional Purchase Price. Developer's funding of construction of the water tank, transfer of the Water Tank Property to City, and dedication of the Crane Creek trail easement shall be in consideration of City's performance of its obligations set forth in this Amended and Restated Agreement, and neither City nor City's designee shall be required to pay any additional fee or purchase price in connection therewith (other than City's payment of the Water Tank Property purchase price referenced in subsection 4.10.B. above), nor shall Developer be entitled to any PFFP Fee credits. Section 4.11 Funding and Construction of Sewer Improvements (1) Developer Funding of Eastside Trunk Sewer Line North Reach Construction and Snyder Widening. The Eastside Trunk Sewer North Reach/ Snyder Lane Widening shall consist of the sewer line from Southwest Boulevard to Rohnert Park Expressway, the widening of Snyder Lane from Southwest Boulevard to Medical Center Drive, the widening of the bridge on Snyder Lane at Copeland Creek, and the improvement of the intersection at Snyder Lane and Rohnert Park Expressway. - 36 - OAK 448189576 -2200 v6 ( "North Reach Construction "). Developer agrees to pay all costs associated with the design and construction of the North Reach Construction, which shall include improvement plans and specifications for the North Reach Construction. Following receipt of an Engineer's Estimate for construction of the North Reach Construction, the City will request funding from Developer in the amount of: 1) the Engineer's Estimate, 2) 10% for construction contingencies, 3) the estimated cost of inspection and construction management, and 4) design costs (collectively referred to as the "North Reach Costs "). Within 30 days of City's request for funding in accordance with paragraph 4.11 A, Developer shall pay to City the amount of Two Million Dollars ($2,000,000) as an initial payment for the North Reach Costs. Thereafter, Developer shall pay monthly installments of One Million Dollars ($1,000,000) until all North Reach Costs have been paid in full. In the event that Developer fails to pay the monthly installment of One Million Dollars ($1,000,000) or any portion thereof, it shall become delinquent thirty (30) days after the monthly installment due date. Monthly installments which are not paid by this date shall be subject to a penalty of ten percent (10 %). Developer shall pay this amount for each calendar month in which all or any part of any monthly installment remains delinquent. The Parties agree that this late charge represents a reasonable estimate of the expenses the City will incur. The City's acceptance of the late payment shall not constitute a waiver of Developer's breach with respect to the overdue amount or prevent the City from exercising any of the rights and remedies available to the City under this Amended and Restated Agreernent. B. Step In Rights. In the event that North Reach Construction is unreasonably delayed and City has terminated the contract with the North Reach Construction contractor, City shall notify Developer of the termination of the contract for the North Reach Construction and Developer may pursue permitting, design, construction and installation of the North Reach Construction, subject to City inspections and acceptance. Upon Developer's completion of construction of the North Reach Construction and City's acceptance of improvements, Developer shall be entitled to PFFP Credits for the actual costs incurred for Developer's construction of the North Reach Construction. C. Allocated Sewer Capacity. Provided that Developer funds the design and construction of the North Reach Construction in accordance with this Section 4.11, City shall allocate to Developer an initial sewer capacity of a minimum of Three Hundred and Thirty (330) market rate dwelling units. Upon issuance of the Two Hundredth (200th) building permit, City shall allocate sewer capacity for an additional Seventy (70) dwelling units for a total allocated sewer capacity for the Project of a minimum of Four Hundred (400) dwelling units. Following completion of the North Reach Construction, Developer shall be entitled to sewer capacity for 1454 units and the Commercial Center. Notwithstanding the above, this sewer capacity allocation shall be subject to the City's Growth Management Ordinance. D. Capacity for CRPUSD Property. City and Developer agree to exercise reasonable efforts to work with CRPUSD to determine the appropriate sizing location and alignment of an over -sized Vast Oak sewer line to serve the CRPUSD - 37 - OAK 84818 -9576 -2200 v6 property as shown on the VO Tentative Map dated February, 2014 and submitted to the City Community Development in February 2014. Developer's obligation to install the over -sized Vast Oak Sewer Line shall be subject to the reimbursement by the CRPUSD for the over - sizing of the sewer line [at such time as the building permit or final maps are approved on the CRPUSD property] and the provision of necessary easements for the development on the Vast Oak Property including additional facilities to accommodate this connection to CRPUSD. Section 4.12 Park Improvements. A. Twin Creeks Park. In accordance with the Parkland Dedication Ordinance and the Quimby Act, Developer, at its expense, shall commence construction of and complete the approximately seven (7) acre Twin Creeks Park located within VO Central pursuant to the timeframe identified in Exhibit C. Construction shall be completed and Twin Creeks Park shall be open for public use in accordance with Exhibit C. B. Oak Grove Park. In accordance with the Parkland Dedication Ordinance and the Quimby Act, Developer, at its expense, shall commence construction of and complete the approximately six (6) acre Oak Grove Park Located within VO North pursuant to the timeframe identified in Exhibit C. Construction shall be completed and Oak Grove Park shall be open for public use in accordance with Exhibit C. Section 4.13 Entrance Monuments. Prior to issuance of a building permit for the one hundredth (100th) market rate residential unit within the Project, Developer shall pay Two Hundred Thousand Dollars ($200,000) to City to defray all or a portion of the costs to be incurred by City in connection with the construction and installation of City entrance monuments at Rohnert Park Expressway and Highway 101 and at the intersection of Rohnert Park Expressway and Petaluma Hill Road. The amounts paid by Developer for such City entrance monuments shall not be credited towards the PFFP Fees payable by Developer as provided herein and in the PFFP, nor shall they be considered as meeting any of Developer's park requirements under the Quimby Act (California Government Code § 66477 et seq.). Section 4.14 Detention Basin. A. ENGEO Hydrologic Evaluation. The University District Specific Plan Hydrologic Evaluation, including the hydrologic assessments for Copeland Creek and Hinebaugh Creek, has been prepared by ENGEO dated August 2013 to evaluate the existing hydrologic conditions affecting the UDLLC Property and the Vast Oak Property (the "ENGEO Hydrologic Evaluation "). The City Engineer approved the ENGEO Hydrologic Evaluation for use in assessing the existing drainage conditions. B. Temporary UDLLC Detention Basin. Concurrent with the first phase of development within the Vast Oak Property or the UDLLC property, including grading, Developer shall install a temporary detention basin (the "Temporary UDLLC Detention Basin ") within the UDLLC property. The basin shall be designed to detain - 38 - OAK #4818 -456 -2200 v6 existing overflows from Copeland Creek, directly from the creek and via Sonoma State University and the Green Music Center, so that current overflows across the Vast Oak property are eliminated and flows in Rohnert Park Expressway are reduced to no greater than One Hundred and Eighty (180) cubic feet per second (cfs). The size of the basin is estimated at approximately Ten (10) acres. The basin shall be sized to accommodate runoff from the remainder of the UDLLC property in a fully- developed condition. The Temporary UDLLC Detention Basin shall provide detention until such time as the upstream Copeland Creek Detention Basin located on the Anderson 53 Property is completed (the "Regional Detention Basin "). Developer shall grant the City a drainage easement over the Temporary UDLLC Detention Basin in a form and manner acceptable to City. Operation and maintenance of the Temporary UDLLC Detention Basin shall be as described in Section 4.07, Financing Mechanisms for Private Improvements. C. Regional Detention Basin. Developer agrees to cooperate with the City and the Sonoma County Water Agency (SCWA) in the development and construction of a permanent Regional Detention Basin on the Anderson 53 Property. Developer agrees to contribute funds in an amount of $2,470,731 for construction of a permanent basin on the Anderson 53 property, of a design and size to provide similar detention benefits as the Temporary UDLLC Detention Basin, subject to the City and SCWA completing a design and securing the needed resource agency permits for the basin construction. The City and SCWA shall have the right to utilize additional funds that may become available to construct a larger permanent basin. Upon completion of a Regional Detention Basin of adequate design and size to replace the Temporary UDLLC Detention Basin, the City shall quitclaim its drainage easement over the Temporary UDLLC Detention Basin and Developer will have no obligation for ongoing operation and maintenance of the Regional Detention Basin. D. PFFP Copeland Detention Basin Fee Credit. In the event Developer contributes funds for the construction of the Regional Detention Basin on the Anderson 53 Property, and the Regional Detention Basin is actually constructed and operational, Developer shall be eligible for Copeland Detention Basin Fee Credits in the amount of actual costs expended by Developer (supported by documentation and invoices) contributed for construction, to a maximum of $2,470,731 (Two - Million, Four Hundred and Seventy Thousand, Seven Hundred and Thirty -One Dollars and Zero Cents). E. Pei 'anent UDLLC Detention Basin. In the event that the City and SCWA have been unable to complete design, secure permits, and otherwise remove obstacles to the completion of the Regional Detention Basin during the term of this Amended and Restated Agreement and any extensions granted by City to Developer, City and Developer may designate the Temporary UDLLC Detention Basin as the Permanent UDLLC Detention Basin. The developer will be eligible for Copeland Creek Detention Basin Fee Crcdits in the amount described in paragraph D, above. The terms of this Section 4.14 of this Amended and Restated Agreement shall remain in force and effect. - 39 - OAK #4818- 9576 -2200 v6 Section 4.15 Acquisition of Land Owned by Third Parties. In any instance where Developer is required or elects to construct any PFFP or public improvement on land not owned by Developer, Developer, at its sole cost and expense, subject to the potential PFFP reimbursement as provided in Section 4.03 above, shall acquire or fund the acquisition of, the real property interests necessary for the construction of such public improvements. If requested by Developer, where the affected property owner has rejected an offer by Developer based upon market value as determined by an appraisal prepared by a City approved appraiser in cooperation with City, and upon Developer's provision of adequate funding, City shall promptly and timely negotiate and seek the purchase of the necessary real property interests to allow Developer to construct the public improvements as required by the Project Approvals. Under these circumstances, in accordance with the procedures established by law, including Government Code Section 664615(a), requiring approval of a final map where neither the subdivider nor public agency has an interest in land sufficient to allow offsitc improvements to be constructed or installed where City fails to acquire the necessary property interests by negotiation, City shall consider use of its power of eminent domain to acquire such real property interests. Developer shall pay all costs associated with such acquisition or condemnation proceedings. Nothing herein is intended to or shall prejudge or commit City regarding any findings and determinations required to be made in connection with adoption of a resolution of necessity. Should City elect not to proceed with condemnation, Developer may proceed with development of the Project as if it had constructed such PFFP or public improvements on land not owned by Developer. Section 4.16 Reimbursement of Specific Plan Costs. Developer represents and warrants that prior to the Effective Date, Developer has incurred a total of approximately $3,500,000.00 in planning, consultant, legal and City fees and costs in connection with the preparation and processing of the Specific Plan, including without limitation the Specific Plan EIR, the PFFP, the MAF and defending the General Plan and Water Supply Assessment, the Potable Water Tank, and all related City approvals necessary for the implementation of the Specific Plan (collectively, "Specific Plan Processing Costs "). For so long as the Specific Plan, as it may be amended from time to time, remains in effect, City agrees to use good faith, diligent efforts to cause the owners and /or developers of Additional Parcels, upon development of such properties, to reimburse Developer for their fair share (determined by land area) of the Specific Plan Processing Costs and their fair share (determined by land area) of Developer's actual out -of- pocket costs of designing and installing water tank as provided in Section 4.10, above. Developer shall indemnify, defend and hold City harmless in connection with any claims brought by such developers challenging the validity of such Specific Plan and /or water tank reimbursement charges. City shall have no obligation to pay or reimburse Developer for any portion of the Specific Plan Processing Costs or water tank design and installation costs. Section 4.17 Cit 's 0 )tion to Co rgi Mete Off-Site Public tin` rovemcnta. City, at its sole option may construct all or a portion of the off -site public improvements required to be constructed by Developer under this Amended and Restated Agreement, including all or a portion of the Rohnert Park Expressway and Keiser Avenue improvements, at - 40 - OAK 114818 -9576 -2200 v6 dates earlier than those contemplated by this Amended and Restated Agreement, provided, however, any such work must be commenced by City prior to commencement by Developer. If City opts to construct one or more of such off -site public improvements, Developer shall (i) dedicate to City the necessary right of way (without any PFFP Fee credit) for such improvements, (ii) pay all of City's out -of- pocket costs and expenses, including attorney's fees and appraiser and other expert witness costs, incurred in connection with the acquisition of necessary right of way from other Specific Plan area property owners, and (iii) pay to City, within thirty (30) days following City's request, the full amount needed to complete such off -site public improvements at the amounts described in the approved PFFP. Developer shall be entitled to receive a credit towards PFFP Fees otherwise payable by Developer for all funds paid under clause (iii) above and, to the extent Developer funds the cost of third party right of way acquisitions as provided in clause (ii) above, Developer shall be eligible for potential reimbursement of such right of way acquisition costs as provided in Section 4.03.C., above. If City opts to construct all or a portion of one or more off -site public improvements, Developer, subject to satisfaction of its obligations under clauses (i), (ii) and (iii) above, may proceed with development of the Project as if Developer had provided the off -site public improvement to be constructed by City. ARTICLE 5. DEVELOPMENT STANDARDS AND REQUIREMENTS Section 5.01 Compliance with State and Federal Law. Developer, at its sole cost and expense, shall comply with requirements of, and obtain all permits and approvals required by, regional, State and Federal agencies having jurisdiction over the Project. Section 5.02 Prevailing Wage Requirements. A. Developer acknowledges and agrees that all public improvements paid for directly or indirectly with the proceeds of CFD Bonds or other public funds will constitute construction, alteration, demolition, installation, or repair work done under contract and paid for in whole or in part out of public funds as provided under California Labor Code Section 1720. Accordingly, Developer shall comply with, and cause its contractors and subcontractors to comply with, all State Labor Code requirements and implementing regulations of the Department of Industrial Relations pertaining to "public works," including the payment of prevailing wages in connection with development of the Project (collectively, "Prevailing Wage Laws "). Developer shall require the contractor for the Project or any portion thereof involving any such publicly financed improvements, to submit, upon request by City or County, as applicable, certified copies of payroll records to City, and to maintain and make records available to City and its designees for inspection and copying to ensure compliance with Prevailing Wage Laws. Developer shall also include in each of its contractor agreements, a provision in fbiui acceptable to City, obligating the contractor to require its contractors and /or subcontractors to comply with Prevailing Wage Laws, and to submit, upon request by City, certified copies of payroll records to City and to maintain and make such payroll -41 - OAK 1/4818 -9576 -2200 v6 records available to City and its designees for inspection and copying during regular business hours at the Property or at another location within City. B. Developer shall defend (with counsel reasonably acceptable to the City), indemnify, assume all responsibility for, and hold harmless City and its officers, officials, employees, volunteers, agents and representatives from and against any and all present and future liabilities, obligations, orders, claims, damages, fines, penalties and expenses (including attorneys' fees and costs) arising out of or in any way connected with Developer's or its contractors' obligations to comply with all Prevailing Wage Laws, including all claims that may be made by contractors, subcontractors or other third party claimants pursuant to Labor Code sections 1726 and 1781. Section 5.03 Green Building and Smart Growth. Developer shall cooperate and work with City to establish "green" (i.e., environmentally sensitive) and "smart growth" development standards and requirements in accordance with the General Plan and Specific Plan, sufficient to ensure that (i) all single - family detached units will achieve a minimum of 100 points, (ii) all single - family attached units will achieve a minimum of 90 points, and (iii) all multifamily units shall achieve a minimum of 80 points under the "Build It Green 2005 Edition of the New Home Construction Green Building Guidelines" adopted by the City Council on March 14, 2006 by Resolution 2006 -67. Such standards and requirements shall address issues including sustainable site planning, safeguarding water quality and water efficiency, optimizing energy performance, conserving and recycling materials and resources, and improving indoor environmental quality. Each of the above specified minimum point requirements shall include a minimum of 10 points for recycled water, community and innovation credits. In addition, Developer or its successor with respect to the Mixed -Use Commercial Center shall cooperate with City to develop green building standards for the Mixed -Use Commercial Center commercial and mixed -use buildings, which shall be incorporated into the development area plan for the Mixed -Use Commercial Center. The Mixed -Use Commercial Center development area plan shall be subject to review and approval by the City Council in its reasonable discretion. Section 5.04 Intentionally Omitted, Section 5.05 Intentionally Omitted. Section 5.06 Sales Tax Point of Sale Designation. Developer shall use good faith efforts to require all persons and entities providing bulk lumber, concrete, structural steel and pre - fabricated building components, such as roof trusses, to be used in connection with the construction and development of, or incorporated into, the Project, to designate City as the sole point -of -sale for purposes of computing sales taxes due under the Bradley -Burns Uniform Local Sales and Use Tax Law (California Revenue and Taxation Code sections 7200 et seq. and implementing regulations) on the sale of such bulk construction and building materials and components. - 42 - OAK/14818-9576-2200 v6 Section 5.07 Affordable Housing Plan. Developer shall comply with the provisions of the Affordable Housing Plan for the Project, attached hereto as Exhibit D ( "Affordable Housing Plan "). Developer's compliance with all provisions of the Affordable Housing Plan shall be deemed to satisfy Developer's obligations under the City's inclusionary zoning ordinance (City Municipal Code section 17.07.020(N)). Section 5.08 Intentionally Omitted. Section 5.09 Mixed -Use Commercial Center, A. In conjunction with the construction of the north side of Rohnert Park Expressway improvements further described above in Section 4.09 of this Amended and Restated Agreement, Developer shall design and construct all necessary utilities to serve the Mixed -Use Commercial Center pad, as approved by the City Engineer, shall stub all utilities to the edge of the Mixed -Use Commercial Center pad, and shall sheet grade the Mixed -Use Commercial Center pad. B. The timing of the design, agency processing and development of the Mixed -Use Commercial Center shall be solely determined by the Developer, based upon actual market conditions. C. In the event that Developer has not commenced construction of the Mixed -Use Commercial Center within five (5) years of the Effective Date, Developer shall deliver a written report to the Community Development Director describing the status of Developer's reasonable good faith efforts to market the Mixed -Use Commercial Center. The Developer shall provide this written report by April of 2019 and annually thereafter. D. Developer's obligations related to the Mixed -Use Commercial Center as set forth in this Section 5.09 shall be independent of any other Project obligation and shall not in any way affect City's issuance of residential building permits for any portion of the Project. E. Prior to recordation of the final map which encompasses the Mixed -Use Commercial Center, or portion thereof, Developer shall prepare and submit proposed conditions, covenants and restrictions ( "CC &Rs ") for the Mixed -Use Commercial Center to the City Manager or his or her designee for his or her review and reasonable approval to ensure such CC &Rs are consistent with this Amended and Restated Agreement and the Project Approvals. ARTICLE 6. MORTGAGEE PROTECTION Section 6.01 Mortgagee Protection. This Amended and Restated Agreement shall be superior and senior to any lien placed upon the Property or any portion thereof after the date of recording the Amended and Restated Agreement, including the lien of any deed of trust or mortgage ( "Mortgage "). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage made in - 43 - OAK #4818 -9576 -2200 v6 good faith and for value, but all of the terms and conditions contained in this Amended and Restated Agreement shall be binding upon and effective against and shall run to the benefit of any person or entity, including any deed of trust beneficiary or mortgagee ( "Mortgagee "), who acquires title or possession to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure or otherwise. Section 6.02 Mortgagee Not Obligated. Notwithstanding the provisions of Section 6.01 above, no Mortgagee shall have any obligation or duty under this Amended and Restated Agreement to construct or complete the construction of improvements, or to guarantee such construction or completion; provided, however, that a Mortgagee shall not be entitled to devote the Property to any use except in full compliance with the Project Approvals nor to construct any improvements thereon or institute any uses other than those uses or improvements provided for or authorized by the Amended and Restated Agreement, or otherwise under the Project Approvals. Section 6.03 Notice of Default to Mortgagee. If City receives a notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then City agrees to use its best efforts to deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by City that Developer has committed an event of default, and if City makes a determination of noncompliance hereunder, City shall likewise use its best efforts to serve notice of such noncompliance on such Mortgagee concurrently with service thereon on Developer. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed or the areas of noncompliance set forth in City's notice. If a Mortgagee shall be required to obtain possession in order to cure any default, then vis -a -vis the Mortgagee, the time to cure shall be tolled so long as the Mortgagee is attempting to obtain possession, including by appointment of a receiver or foreclosure but in no event may this period exceed one hundred twenty (120) days from the City's notice. ARTICLE 7. COOPERATION AND IMPLEMENTATION Section 7.01 Subsequent Project Approvals. Developer and City acknowledge and agree that Developer intends to submit applications for Subsequent Project Approvals, including both Subsequent Ministerial Approvals and Subsequent Discretionary Approvals. In connection with any Subsequent Project Approval, the City shall exercise its discretion in accordance with Applicable Law, the Project Approvals and, as provided by this Amended and Restated Agreement, including the reservations of authority set forth in Section 3.06. A. Subsequent Ministerial Approvals ( "Subsequent Ministerial Approvals ") are permits or approvals that are required by Applicable Law and that are to be issued upon compliance with uniform, objective standards and regulations. They include applications for road construction permits or authorizations; grading and excavation permits; building permits, including electrical, plumbing, mechanical, Title 24 - 44 - OAK 1/4818-9576-2200 v6 Electrical, and Title 24 Handicap permits or approvals; certificates of occupancy; encroachment permits; water connection permits; and any other similar permits required for the development and operation of the Project. B. All other Subsequent Project Approvals, including amendments of the Project Approvals, site development plan or development area plan approvals, Commercial Center development area plan, improvement agreements, architectural review permits, use permits, lot line adjustments, subdivision maps, preliminary and final development plans, rezonings, development agreements, permits that are not Subsequent Ministerial Approvals, resubdivisions, and any amendments to, or repealing of, any of the foregoing, are Subsequent Discretionary Approvals ( "Subsequent Discretionary Approvals "). Section 7.02 Processing Applications for Subsequent Project Approvals. A. Developer acknowledges that City cannot begin processing applications for Subsequent Project Approvals until Developer submits complete applications on a timely basis. Developer shall use its best efforts to (i) provide to City in a timely manner any and all documents, applications, plans, and other information necessary for City to carry out its obligations hereunder; and (ii) cause Developer's planners, engineers, and all other consultants to provide to City in a timely manner all such documents, applications, plans and other materials required under Applicable Law. It is the express intent of Developer and City to cooperate and diligently work to obtain any and all Subsequent Project Approvals. B. Upon submission by Developer of all appropriate applications and processing fees for any pending Subsequent Project Approval, City shall, to the full extent allowed by law, promptly and diligently, subject to City ordinances, policies and procedures regarding hiring and contracting, commence and complete all steps necessary to act on Developer's currently pending Subsequent Project Approval applications including: (i) providing at Developer's expense and subject to Developer's request and prior approval, reasonable overtime staff assistance, additional staff and /or staff consultants for concurrent, expedited planning and processing of each pending Subsequent Project Approval application; (ii) if legally required, providing notice and holding public hearings; and (iii) acting on any such pending Subsequent Project Approval application. C. With the Existing Project Approvals, City has made a final policy decision that the Project is in the best interests of the public health, safety and general welfare. Applications for Subsequent Ministerial Approvals that are consistent with this Amended and Restated Agreement and the Existing Project Approvals shall be processed and considered in a manner consistent with the vested rights granted by this Amended and Restated Agreement and shall be deemed to be tools to implement those final policy decisions, and shall be approved by City so long as they are consistent with this Amended and Restated Agreement and the Existing Project Approvals. While City expressly reserves its discretion with respect to all Subsequent Discretionary Approvals, City - 45 - OAK #48 18-9576-2200 v6 agrees that it shall not use its authority in considering any application for a Subsequent Discretionary Approval to change the policy decisions reflected by the Existing Project Approvals or otherwise to prevent or frustrate the further development of the Project as set forth in the Existing Project Approvals. D. Nothing herein shall limit the ability of City to require the necessary reports, analysis or studies to assist in determining that the requested Subsequent Ministerial Approval is consistent with this Amended and Restated Agreement and the Existing Project Approvals. If the City determines that an application for a Subsequent Ministerial Approval is not consistent with this Amended and Restated Agreement or the Existing Project Approvals and should be processed as an application for a Subsequent Discretionary Approval rather than a Subsequent Ministerial Approval, the City shall specify in writing the reasons for such determination and may propose a modification which would be processed as a Subsequent Ministerial Approval. Developer shall then either modify the application to conform to this Amended and Restated Agreement and the Existing Project Approvals, as the case may be, or the City shall process the application as an application for a Subsequent Discretionary Approval; provided, however, that Developer shall have the right to dispute the City's determination pursuant to Section 9.08 hereof. E. City shall process Developer's applications for Subsequent Project Approvals to the fullest extent allowed by Applicable Law and Developer may proceed with Subsequent Project Approvals as provided for herein to the fullest extent allowed by Applicable Law. Section 7.03 Administration of Subsequent Project Approvals. A. Subsequent Ministerial Approvals shall be reviewed and processed by the City in accordance with Applicable Law. If the City denies any application for a Subsequent Ministerial Approval, the City must specify in writing the reasons for such denial and may suggest a modification which would be approved. Any such specified modifications must be consistent with the Existing Project Approvals and Applicable Law, and the City shall approve the application if it is subsequently resubmitted for City review and addresses the reason for the denial in a manner that is consistent with this Amended and Restated Agreement, the Project Approvals and Applicable Law. B. Applications for Subsequent Discretionary Approvals shall be reviewed and processed by the City in accordance with Applicable Law. If the City denies any application fbr a Subsequent Discretionary Approval, the City must specify in writing the reasons for such denial and may suggest a modification which would be approved. Any such specified modifications must be consistent with this Amended and Restated Agreement and Applicable Law, and the City shall consider the application if it is subsequently resubmitted for the City review and addresses the reason for the denial in a manner that is consistent with this Amended and Restated Agreement, the Project Approvals and Applicable Law. - 46 - OAK /148[8-9576-2200 v6 Section 7.04 Changes and Amendments to Project Approvals. A. Given the long term build -out of the Project, the Parties acknowledge that modifications or amendments to the Project Approvals may be appropriate and mutually desirable. To the extent permitted by Applicable Law, any Project Approval may, from time to time, be amended or modified in the following manner: (1) Upon the written request of Developer for an amendment or modification to a Project Approval, the Community Development Director or his /her designee shall determine: (i) whether the requested amendment or modification is minor when considered in light of the Project as a whole; and (ii) whether the requested amendment or modification is consistent with this Amended and Restated Agreement and Applicable Law. If the Community Development Director or his /her designee finds that the proposed amendment or modification is minor, consistent with this Amended and Restated Agreement and Applicable Law, and will result in no new significant impacts not addressed and mitigated in the EIR, the amendment shall be determined to be an "Administrative Project Amendment" and the Community Development Director or his /her designee may approve the Administrative Project Amendment consistent with City's procedures for such administrative actions, including any requirements for notice, public hearing and appeal rights. Without limiting the generality of the foregoing, lot line adjustments; reductions in the density, intensity, scale or scope of the Project that do not affect either Developer's obligations to provide affordable housing or neighborhood serving commercial /retail uses or change the scope of development from that contemplated in this Amended and Restated Agreement; alterations in vehicle circulation patterns or vehicle access points which do not adversely affect capacity or service levels; substitutions of comparable landscaping for any landscaping shown on any final development plan or landscape plan; variations in the location of structures that do not substantially alter the design concepts of the Project; variations in the location or installation of utilities and other infrastructure connections or facilities that do not substantially alter the design concepts of the Project; and minor adjustments to the Property or legal description of subdivision limits or lots shall be treated as Administrative Project Amendments. (2) Any request of Developer for an amendment or modification to a Project Approval which is determined by the Community Development Director or his /her designee not to be an Administrative Project Amendment as set forth above shall be deemed a "Non- administrative Project Amendment" and shall be subject to review, consideration and action pursuant to the Project Approvals, Applicable Law and this Amended and Restated Agreement, as applicable. (3) Neither Administrative nor Non - administrative Project Amendments shall require an amendment to this Amended and Restated Agreement. B. Parcel Adjustments; Approval of Phased Final Maps. City and Developer acknowledge that as the development of the Project proceeds, it may be - 47 - OAK #4818 -9576 -2200 v6 necessary to adjust the configuration of subdivision lots as shown on the UD Tentative Map(s) or the VO Tentative Map(s). City may, but shall not be required to, approve a final map for which individual parcels have been reconfigured by making the finding required pursuant to the Subdivision Map Act that a proposed final map is in substantial conformity with an approved tentative map, if such proposed final map meets the spirit and intent of the Project Approvals, and provided that any such reconfiguration does not increase the number of lots or units by an amount inconsistent with the requirements of the Subdivision Map Act, Applicable Law or this Amended and Restated Agreement. City may make a finding of substantial conformity under this Section 7.04B, even though the boundaries of individual lots or units are adjusted or lots or units are combined, provided that City has approved such adjustment or other modification. Section 7.05 Other Government Permits. City shall cooperate with Developer, to the extent appropriate and as permitted by law, in Developer's efforts to obtain, as may be required, permits and approvals from other governmental or quasi - governmental entities. Section 7.06 Mitigation Measures. Developer and City shall comply with the MMRP as it applies to the Project. Section 7.07 Cooperation in the Event of Legal Challenge. A. City and Developer, at Developer's sole cost and expense, shall cooperate in the event of any court action instituted by a third party or other governmental entity or official challenging the validity of any provision of this Amended and Restated Agreement, any Existing Project Approvals or any Subsequent Project Approvals and City shall, upon request of Developer, appear in the action and defend its decision, except that City shall not be required to be an advocate for Developer. To the extent that Developer determines to contest or defend such litigation challenges, Developer shall reimburse City, within ten (10) days following City's written demand therefor, which may be made from time to time during the course of such litigation, all costs incurred by City in connection with the litigation challenge, including City's administrative, legal and court costs, provided that City shall either: (a) elect to joint representation by Developer's counsel; or (b) retain an experienced litigation attorney, require such attorney to prepare and comply with a litigation budget, and present such litigation budget to Developer prior to incurring obligations to pay legal fees in excess of $30,000. If Developer defends any such legal challenge, Developer shall indemnify, defend, and hold harmless City and its officials and employees from and against any claims, losses, or liabilities assessed or awarded against City by way of judgment, settlement, or stipulation. Nothing herein shall authorize Developer to settle such legal challenge on terms that would constitute an amendment or modification of this Amended and Restated Agreement, any Existing Project Approvals or any Subsequent Project Approvals, unless such amendment or modification is approved by City in accordance with applicable legal requirements, and City reserves its full legislative discretion with respect thereto. - 48 - OAK 114818-9576-2200 v6 B. In addition, City shall have the right, but not the obligation, to contest or defend such litigation challenges, in the event that Developer elects not to do so. If City elects to contest or defend such litigation challenges, Developer shall bear all related costs and expenses, including City's attorney fees, up to a maximum amount of One Hundred Thousand Dollars ($100,000), and, in addition, shall indemnify, defend, and hold harmless City and its officials and employees from and against any claims, losses, or liabilities assessed or awarded against City by way of judgment, settlement, or stipulation, without regard to the above dollar amount cap. ARTICLE 8. ASSIGNMENT, TRANSFER AND NOTICE Section 8.01 Assignment. No sale, transfer or assignment of all or a portion of the Property, or creation of a joint venture or partnership, shall require the amendment of this Amended and Restated Agreement. Section 8.02 Right to Assign. A. Because of the necessity to coordinate development of the entirety of the Property pursuant to the Specific Plan, particularly with respect to the provision of on- and off -site public improvements and public services, certain restrictions on the right of Developer to assign or transfer its interest under this Amended and Restated Agreement with respect to the Property, or any portion thereof, are necessary in order to assure the achievement of the goals, objectives and public benefits of the Specific Plan and this Amended and Restated Agreement. Developer agrees to and accepts the restrictions set forth in this Section 8.02 as reasonable and as a material inducement to City to enter into this Amended and Restated Agreement. For purposes of this Section 8.02, a change in the identity of the initial managing member of UD, or the initial managing member of VO, (including the sale or transfer, in the aggregate, of the controlling stock or interest in said managing member) shall be deemed a transfer by Developer subject to the provisions of this Section. Developer shall have the right to sell, transfer, ground lease or assign the Property in whole or in part (provided that no such partial transfer shall violate the provisions of the Subdivision Map Act) to any person, partnership, joint venture, firm, company or corporation (any of the foregoing, an "Assignee ") subject to the written consent of City; provided that Developer may assign its rights and obligations under this Amended and Restated Agreement without the consent of City to any corporation, limited liability company, partnership or other entity which is controlling of, controlled by, or under common control with UD and /or VO, and "control," for purposes of this definition, means effective management and control of the other entity, subject only to major events requiring the consent or approval of the other owners of such entity ( "Affiliated Party "). City's consent shall not be unreasonably withheld, delayed or conditioned, and City shall consent if the Assignee reasonably demonstrates to City that it is able to perform the obligations of Developer under this Amended and Restated Agreement. Assignee shall succeed to the rights, duties and obligations of Developer only with respect to the parcel or parcels of all or a portion of the Property so purchased, transferred, ground leased or assigned, and Developer shall continue to be obligated under this Amended and Restated Agreement with respect to all - 49 - OAK/14818-9576-2200 v6 portions of the Property retained by Developer, and with respect to the dedication and installation of all infrastructure improvements to be provided by Developer, pursuant to the Project Approvals, and the PFFP. B. The sale, transfer, lease or assignment of any right or interest under this Amended and Restated Agreement shall be made only together with the sale, transfer, ground lease or assignment of all or a part of the Property. Concurrently with any such sale, transfer, ground lease or assignment, Developer shall (i) notify City in writing of such sale, transfer or ground lease; and (ii) Developer and Assignee shall provide a written assignment and assumption agreement in form reasonably acceptable to the City Attorney (Assignment and Assumption Agreement ") pursuant to which Assignee shall assume and succeed to the rights, duties and obligations of Developer with respect to the parcel or parcels of all or a portion of the Property so purchased, transferred, ground leased or assigned. Developer also agrees that any Assignment and Assumption Agreement shall set forth the total number of residential building permits allocated under the City's Growth Management Ordinance and the sewer and water capacity allocated to the number of EDUs covered by the Assignment and Assumption Agreement. Developer's notification to City of a sale, transfer, lease or assignment shall specify (1) the total number of residential building permits which are allocated under the City's Growth Management Ordinance for the portion of the Property subject to such sale, transfer, lease or assignment, (2) the sewer capacity and water capacity allocated to the number of EDUs covered by such for the portion of the Property subject to such sale, transfer, lease or assignment, and 3) Evidence that Developer has brought current any and all maintenance assessments, including HOA fees on a per unit basis. C. Subject to City's written consent as provided in subsection 8.02.A., City, upon request of Developer or Assignee, and following compliance with the notification provisions above, shall provide Assignee with a certificate of agreement compliance, stating that this Amended and Restated Agreement remains valid and in full force and effect and is binding upon City, Developer and the Assignee as of the last Annual Review pursuant to the provisions of Section 9.05, except that if City knows of any non - compliance, City shall not be required to issue a certificate of agreement compliance. Section 8.03 Release of Transferring Developer. Except with respect to a Permitted transfer and assignment under Section 8.02 to an Affiliated Party, notwithstanding any sale, transfer or assignment of all or a portion of the Property, Developer shall continue to be obligated under this Amended and Restated Agreement as to all or the portion of the Property so transferred unless City is satisfied the Assignee is fully able to comply with Developer's obligations under this Amended and Restated Agreement (both financially and otherwise) and Developer is given a release in writing. Developer shall provide to City all information reasonably necessary for City to deteimine the financial and other capabilities of Assignee. Such release shall be provided by City upon Developer's full satisfaction of all of the following conditions: - 50 - OAK 44818- 9576 -2200 v6 A. City is reasonably satisfied that Assignee is fully able to comply with Developer's obligations under this Amended and Restated Agreement (both financially and otherwise). B. A showing by Developer that Developer no longer has a legal or equitable interest in the portion of the Property (which may be all of the Property) for which a release is requested. C. Developer is not then in Default under this Amended and Restated Agreement and has received no Notice to Cure. D. Developer has provided City with notice and the fully executed assignment and assumption agreement. E. Assignee provides City with security equivalent to any security previously provided by Developer to secure performance of its obligations hereunder, if any. Notwithstanding any other provision hereof to the contrary, if Developer only transfers a portion of the Property, then Developer shall continue to be obligated under this Amended and Restated Agreement with respect to the balance of the Property not so transferred. ARTICLE 9. DEFAULT; REMEDIES; TERMINATION Section 9.01 Breach. Subject to extensions of time under Section 9.06 or by mutual consent in writing, the failure or delay by either Party to perform any term or provision of this Amended and Restated Agreement shall constitute a breach of this Amended and Restated Agreement. In the event of alleged breach of any terms or conditions of this Amended and Restated Agreement, the Party alleging such breach shall give the other Party notice in writing specifying the nature of the breach and the manner in which said breach or default may be satisfactorily cured, and the Party in breach shall have thirty (30) days following such notice ( "Cure Period ") to cure such breach, except that in the event of a breach of an obligation to make a payment, the Party in breach shall have ten (10) days to cure the breach. If the breach is of a type that cannot be cured within thirty (30) days, the breaching Party shall, within a thirty (30) day period following notice to the non- breaching Party, notify the non - breaching Party of the time it will take to cure such breach which shall be a reasonable period under the circumstances ( "Extended Cure Period "); commence to cure such breach; and be proceeding diligently to cure such breach. Subject to the provisions of Section 9.06, the Extended Cure Period shall in no event exceed one hundred twenty (120) days unless otherwise agreed by the parties. During the Cure Period or Extended Cure Period, the Party charged shall not be considered in default for purposes of termination or institution of legal proceedings; but the City's right to refuse to issue a permit or Subsequent Project Approval, under Section 9.03, shall not be limited by this provision. The failure of any Party to give notice of any breach shall not be deemed to be a waiver of that Party's right to allege any other breach at any other time. - 51 - OAK #4818 -9576 -2200 v6 Section 9.02 Default. If the breaching Party has not cured such breach within the Cure Period or the Extended Cure Period, if any, such Party shall be in default ( "Default "), and the non - breaching Party, at its option, may terminate the Amended and Restated Agreement, institute legal proceedings pursuant to this Amended and Restated Agn-eement and shall have such remedies as are set forth in Section 9.04 below. Section 9.03 Withholding of Permits. In the event of a Default by Developer, or following notice of breach by Developer and during the Cure Period or Extended Cure Period, upon a finding by the City Planning Director that Developer is in serious and substantial breach, City shall have the right to refuse to issue any permits or other approvals to which Developer would otherwise have been entitled pursuant to this Amended and Restated Agreement. This provision is in addition to and shall not limit any actions that City may take to enforce the conditions of the Project Approvals. Section 9.04 Remedies. A. In the event of a Default by City or Developer, the non - defaulting Party shall have the right to terminate this Amended and Restated Agreement upon giving notice of intent to terminate pursuant to Government Code Section 65868 and regulations of City implementing such section. Following notice of intent to terminate, the matter shall be scheduled for consideration and review in the manner set forth in Government Code Section 65867 and City regulations implementing said section. Following consideration of the evidence presented in said review before the City Council, either Party alleging Default by the other Party may give written notice of termination of this Amended and Restated Agreement to the other Party. Termination of this Amended and Restated Agreement shall be subject to the provisions of Section 9.09 hereof. B. City and Developer agree that in the event of Default by City, the Parties intend that the primary remedy for Developer shall be specific performance of this Amended and Restated Agreement. A claim by Developer for actual monetary damages against City may only be considered if specific performance is not granted by the Court. In no event shall Developer be entitled to any consequential punitive or special damages. If City issues an Approval pursuant to this Amended and Restated Agreement in reliance upon a specified condition being satisfied by Developer in the future, and if Developer then fails to satisfy such condition, City shall be entitled to specific performance for the purpose of causing Developer to satisfy such condition. C. In addition to any other rights or remedies, either Party may institute legal action to cure, correct or remedy any Default, to enforce any covenants or agreements herein, to enjoin any threatened or attempted violation hereof, or to obtain any other remedies consistent with the purpose of this Amended and Restated Agreement except as limited by subsection 9.04.B. above. Any such legal action shall be brought in the Superior Court for Sonoma County, California. - 52 - OAK #4818- 9576 -2200 v6 Section 9.05 Periodic Review. A. The annual review date for this Amended and Restated Agreement shall be initiated during the month of September of each year of the Term of this Amended and Restated Agreement, commencing with , 2014. Developer shall initiate the annual review required by City Municipal Code, Section 17.21.050, by submitting a written request at least sixty (60) days prior to the Community Development Director. Developer shall also provide evidence as determined necessary by the Director to demonstrate good faith compliance with the provisions of this Amended and Restated Agreement. However, failure to initiate the annual review within thirty (30) days of receipt of written notice to do so from City shall not constitute a Default by Developer under this Amended and Restated Agreement, unless City has provided actual notice and opportunity to cure and Developer has failed to so cure. B. The annual review required by Government Code section 65865.1 and the City Municipal Code shall be conducted as provided herein: (1) The Community Development Director shall review Developer's submission to ascertain whether Developer has complied in good faith with the terms of this Amended and Restated Agreement. If the Director finds good faith compliance by Developer with the terms of this Amended and Restated Agreement, the Director shall so notify Developer and the Planning Commission in writing and the review for that period shall be concluded. If the Director is not satisfied that the Developer is performing in accordance with the material terms and conditions of this Amended and Restated Agreement, the Director shall refer the matter to the Planning Commission for a decision and notify Developer in writing at least ten (10) days in advance of the time at which the matter will be considered by the Planning Commission. (2) The Planning Commission shall conduct a hearing at which Developer must submit evidence that it has complied in good faith with the terms and conditions of this Amended and Restated Agreement. The findings of the Planning Commission on whether Developer has complied with this Amended and Restated Agreement for the period under review shall be based upon substantial evidence in the record. If the Planning Commission determines that, based upon substantial evidence, Developer has complied in good faith with the terms and conditions of this Amended and Restated Agreement, the review for that period shall be concluded. If the Planning Commission determines that, based upon substantial evidence, Developer has not complied in good faith with the terms and conditions of this Amended and Restated Agreement, the Planning Commission shall forward its report and recommendation to the City Council. (3) The City Council shall notify the Developer in writing of its intention to conduct a hearing on whether Developer has complied in good faith with the terms and conditions of this Amended and Restated Agreement and whether the Amended and Restated Agreement should be modified or terminated. The notice shall include the time and place of the hearing, a copy of the Planning Commission's report - 53 - OAK 44818- 9576 -2200 v6 and recommendation, and any other information the City Council considers necessary to inform Developer of the nature of the proceeding. Developer shall be given an opportunity to be heard at the hearing. If the City Council determines that Developer has complied in good faith with the terms and conditions of this Amended and Restated Agreement, the review for that period shall be concluded. If, however, the City Council determines, based upon substantial evidence in the record, that there are significant questions as to whether Developer has complied in good faith with the terms and conditions of this Amended and Restated Agreement, the City Council may continue the hearing and shall notify Developer of the City's intent to meet and confer with Developer within thirty (30) days of such determination, prior to taking further action. Following such meeting, the City Council shall resume the hearing in order to further consider the matter and to make a determination, regarding Developer's good faith compliance with the terms and conditions of the Amended and Restated Agreement and to take those actions it deems appropriate, including but not limited to, termination of this Amended and Restated Agreement, in accordance with California Government Code section 65865.1 and the City Municipal Code. C. Failure of City to conduct an annual review shall not constitute a waiver by the City of its rights to otherwise enforce the provisions of this Amended and Restated Agreement nor shall Developer have or assert any defense to such enforcement by reason of any such failure to conduct an annual review. D. If, after an annual review, City finds Developer has complied in good faith with this Amended and Restated Agreement, City shall promptly following Developer's request issue to Developer a certificate of compliance certifying that Developer has so complied through the period of the applicable annual review. The Certificate of Compliance must be in recordable form and must contain such inforniation as may be necessary to impart constructive notice of City's finding. Developer may record the Certificate of Compliance in the Official Records of the County of Sonoma. Section 9.06 Enforced Delay; Extension of Time of Performance. Subject to the limitations set forth below, performance by either party hereunder shall not be deemed to be in default, and all performance and other dates specified in this Amended and Restated Agreement shall be extended, where delays are due to: war; insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; governmental restrictions or priority; litigation; unusually severe weather; acts or omissions of the other Party; or acts or failures to act of any other public or governmental agency or entity (other than the acts or failures to act of City which shall not excuse performance by City). An extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause (but in any event shall not exceed a cumulative total of three (3) years), if notice by the party claiming such extension is sent to the other party within thirty (30) days of the commencement of the cause. The Parties agree that the commencement of any litigation concerning this Amended and Restated Agreement, the Ordinance approving this Amended and Restated Agreement or any of the Existing Project Approvals shall constitute cause for an - 54 - OAK 04818 -9576 -2200 v6 extension of time for performance of obligations under this Amended and Restated. Agreement up to a maximum of three (3) years, and that the Initial Term of this Amended and Restated Agreement shall be automatically extended for the period such litigation is pending (subject, however, to the 3 year maximum extension), and that such litigation extension shall not be included in the calculation of the three (3) year cumulative total referenced in the immediately preceding sentence. Developer acknowledges that adverse changes in economic conditions, either of Developer specifically or the economy generally, changes in market conditions or demand, and /or inability to obtain financing or other lack of funding to complete the work of on -site and off -site improvements shall not constitute grounds of enforced delay pursuant to this Section 9.06. Developer expressly assumes the risk of such adverse economic or market changes and /or financial inability, whether or not foreseeable as of the Effective Date. Section 9.07 Resolution of Disputes. With regard to any dispute involving the Project, the resolution of which is not provided for by this Amended and Restated Agreement or Applicable Law, Developer shall, at City's request, meet with City. The parties to any such meetings shall attempt in good faith to resolve any such disputes. Nothing in this Section 9.07 shall in any way be interpreted as requiring that Developer and City and /or City's designee reach agreement with regard to those matters being addressed, nor shall the outcome of these meetings be binding in any way on City or Developer unless expressly agreed to by the parties to such meetings. Section 9.08 Surviving Provisions. In the event this Amended and Restated Agreement is terminated, neither party shall have any further rights or obligations hereunder, except for those obligations of Developer set forth in Sections 5.02 (Prevailing Wage), 7.07 (Cooperation in the Event of Legal Challenge), and 9.09 (Indemnify and Hold Harmless). Section 9.09 Indemnity and Hold Harmless. Developer shall indemnify and hold City and its elected and appointed officers, agents, employees, and representatives hai iuless from and against any and all claims, costs, liabilities and damages (including attorneys' fees and costs) for any bodily injury, death, or property damage resulting directly or indirectly from the approval or implementation of this Amended and Restated Agreement the development and construction of the Project by or on behalf of Developer, or from any operations performed under this Amended and Restated Agreement, whether such operations were performed by Developer or any of Developer's contractors, subcontractors, agents or employees, except to the extent such claims, costs and liabilities arise from the active negligence or willful misconduct of City, its elected and appointed officers, agents, employees, representatives, contactors or subcontractors. ARTICLE 10. MISCELLANEOUS PROVISIONS Section 10.01 Incorporation of Recitals and Introductory Paragraph. The Recitals contained in this Amended and Restated Agreement, and the introductory paragraph preceding the Recitals, are hereby incorporated into this Amended and Restated Agreement as if fully set forth herein. - 55 - OAK #4818- 9576 -2200 v6 Section 10.02 Findings. City hereby finds and determines that execution of this Amended and Restated Agreement furthers public health, safety and general welfare and that the provisions of this Amended and Restated Agreement are consistent with the General Plan. Section 10.03 Severability. If any term or provision of this Amended and Restated Agreement, or the application of any term or provision of this Amended and Restated Agreement to a particular situation, is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining terms and provisions of this Amended and Restated Agreement, or the application of this Amended and Restated Agreement to other situations, shall continue in full force and effect unless amended or modified by mutual consent of the parties. Notwithstanding the foregoing, if any material provision of this Amended and Restated Agreement, or the application of such provision to a particular situation, is held to be invalid, void or unenforceable, the party adversely affected may (in its sole and absolute discretion) terminate this Amended and Restated Agreement by providing written notice of such termination to the other party. Section 10.04 Construction. Each reference in this Amended and Restated Agreement to this Amended and Restated Agreement or any of the Existing Project Approvals or Subsequent Ministerial or Discretionary Approvals shall be deemed to refer to the Amended and Restated Agreement, Project Approval or Subsequent Ministerial or Discretionary Approval as it may be amended from time to time, whether or not the particular reference refers to such possible amendment. Section headings in this Amended and Restated Agreement are for convenience only and are not intended to be used in interpreting or construing the terms, covenants or conditions of this Amended and Restated Agreement. This Amended and Restated Agreement has been reviewed and revised by legal counsel for both City and Developer, and no presumption or rule that ambiguities shall be construed against the drafting party shall apply to the interpretation or enforcement of this Amended and Restated Agreement. Unless the context clearly requires otherwise, (i) the plural and singular numbers shall each be deemed to include the other; (ii) the masculine, feminine, and neuter genders shall each be deemed to include the others; (iii) "shall," "will," or "agrees" are mandatory, and "may" is permissive; (iv) "or" is not exclusive; (v) "include," "includes" and "including" are not limiting and shall be construed as if followed by the words "without limitation," and (vi) "days" means calendar days unless specifically provided otherwise. Section 10.05 Joint and Several Obligations. The Parties intend that the UD LLC Property and Vast Oak Property be developed as a physically integrated Project. In recognition of such integration, UD and VO agree that they shall be jointly and severally liable for all obligations of Developer under this Amended and Restated Agreement. Section 10.06 Covenants Running with the Land. All of the provisions contained in this Amended and Restated Agreement shall be binding upon the parties and their respective heirs, successors and assigns, representatives, lessees, and all other persons acquiring all or a portion of the Property or Project, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions contained in this - 56 - OAK #4818 -9576 -2200 v6 Amended and Restated Agreement shall be enforceable as equitable servitudes and shall constitute covenants running with the land pursuant to California law including California Civil Code Section 1468. Each covenant herein to act or refrain from acting is for the benefit of or a burden upon the Project, as appropriate, runs with the Property and is binding upon the Developer of all or a portion of the Property and each successive Developer during its development of such Property or portion thereof. Section 10.07 Notices. Any notice or communication required hereunder between City or Developer must be in writing, and may be given either personally, by facsimile (with original forwarded by regular U.S. Mail), by registered or certified mail (return receipt requested), or by Federal Express or other similar courier promising overnight delivery. If personally delivered, a notice shall be deemed to have been given when delivered to the party to whom it is addressed. If given by facsimile transmission, a notice or communication shall be deemed to have been given and received upon actual physical receipt of the entire document by the receiving party's facsimile machine. Notices transmitted by facsimile after 5:00 p.m. on a normal business day or on a Saturday, Sunday or holiday shall be deemed to have been given and received on the next nolinal business day. If given by registered or certified mail, such notice or communication shall be deemed to have been given and received on the first to occur of (i) actual receipt by any of the addressees designated below as the party to whom notices are to be sent, or (ii) five (5) days after a registered or certified letter containing such notice, properly addressed, with postage prepaid, is deposited in the United States mail. If given by Federal Express or similar courier, a notice or communication shall be deemed to have been given and received on the date delivered as shown on a receipt issued by the courier. Any party hereto may at any time, by giving ten (10) days written notice to the other party hereto, designate any other address in substitution of the address to which such notice or communication shall be given. Such notices or communications shall be given to the parties at their addresses set forth below: If to City: And OAK #4818- 9576 -2200 v6 City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 -2486 Attention: City Manager Tel: (707) 588 -2223 City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 -2486 Attention: City Attorney Tel: (707) 588 -2214 - 57 - If to Developer: And With a copy to: University District LLC 500 La Gonda Way, Suite 100 Danville, CA 94526 Attention: John Ryan Kevin Pohlson Tel: (925) 743 -8000 Quaker Hill Development Corp. P.O. Box 2240 Healdsburg, CA 95448 Attention: Craig R. Harrington Tel: (707) 431 -1780 Briscoe Ivester & Bazel LLP 155 Sansome Street, 7th Floor San Francisco, CA 94104 Attention: Alicia Guerra Tel: (415) 402 -2707 Email: aguerra @briscoelaw.net Section 10.08 Entire Agreement, Counterparts and Exhibits. This Amended and Restated Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original. This Amended and Restated Agreement, together with the attached Exhibits, constitutes the final and exclusive understanding and agreement of the parties and supersedes all negotiations or previous agreements of the parties with respect to all or any part of the subject matter hereof. The Exhibits attached to this Amended and Restated Agreement are incorporated herein for all purposes: Section 10.09 Recordation of Amended and Restated Agreement. Pursuant to California Government Code § 65868.5, no later than ten (10) days after City enters into this Amended and Restated Agreement, the City Clerk shall record an executed copy of this Amended and Restated Agreement in the Official Records of the County of Sonoma. Section 10.10 No Joint Venture or Partnership. It is specifically understood and agreed to by and between the parties hereto that: (i) the subject development is a private development; (ii) City has no interest or responsibilities for, or duty to, third parties concerning any improvements until such time, and only until such time, that City accepts the same pursuant to the provisions of this Amended and Restated Agreement or in connection with the various Existing Project Approvals or Subsequent Project Approvals; (iii) Developer shall have full power over and exclusive control of the Project herein described, subject only to the limitations and obligations of Developer under this Amended and Restated Agreement, the Existing Project Approvals, Subsequent Project Approvals, and Applicable Law; and (iv) City and Developer hereby renounce the existence of any form of agency relationship, joint venture or partnership between City and Developer and agree that nothing contained herein or in any document executed in - 58 - OAK 114818 -9576 -2200 v6 connection herewith shall be construed as creating any such relationship between City and Developer. Section 10.11 Waivers. All waivers of the provisions of this Amended and Restated Agreement shall be in writing and signed by the appropriate authorities of City and the Developer. Section 10.12 California Law. This Amended and Restated Agreement shall be construed and enforced in accordance with the laws of the State of California, without reference to choice of law provisions. IN WITNESS WHEREOF, this Amended and Restated Agreement has been entered into by and between Developer and City as of the day and year first above written. [SIGNATURES ON FOLLOWING PAGE] - 59 - OAK #48 18-9576-2200 v6 CITY: City of Rohnert Park, a municipal corporation By: City Manager Date Signed: Approved as to Form: By: City Attorney Attest: By City Clerk DEVELOPER: University District LLC, a Delaware limited liability company By: Title: and Vast Oak Properties L.P., a California limited partnership By: Title: - 60 - OAK #4818 -9576 -2200 v6 EXHIBIT A Site Map and Phasing Plan ulIUIliiiiiiiii• wwa 1}".111 !.; u1■ i1111111% '11+twPAM UMW ' 111°"11111 71 /IIIW11111 /11111 ),Ii1111111�11111M11M ■11111111 1111111 10111111 111/0111 • IIIIII111l11EIIII 1 •I111111111111111k »1 i11n11i1, 11101 ;11u1r� ■11IIh*l i urns •a ■iAiti 00 tliiiiil Rac y *ra■ 1111r7M1 .1r ":IVAINNIM 1 *a�i1 MOM •"ft Exhibit A OAK 44818-9576-2200 v6 EXHIBIT B -1 Legal Description of UD LLC Property Real property in the unincorporated area of the Courty of Sonoma, State of California, described as follows: Parcel One: Lying in Rancho Cotad and being a portion of the lands of Henry Ilimebauch Arderson as described in Book 864 of Official Records at Page 194, being more particuiarty described as follows: Beginning at a point on the Westerly property line of the lands of Anderson, said point being the Southeast corner of Paro l 1V of the lands of the County of Sonoma as described in Book 2166 of Official Records, at Page 300 said point bears North 89® 23' 40" Cast 190.01 feet from a set iron pipe; thence leaving said Ire North 89° 23' 40" East 169229 feet to the Northwest corner of the parcel conveyed to the State of California by deed recorded March 28, 1967 in Book 2260 of Official Records, Page 173, Sonoma County Records; thence along the West line of said parcel South 0° 02' 40° West 300 feet to a point; thence North 89° 23' 40" East 95 feet to a point,; thence South 041 02' 40" West 8O feet to a point; mince South 89° 23' 40" We 95 feet to a point: thence South 0° 02' 40° West 510 feet to the South line of said Anderson parcel; thence West along said South line 1692.29 feet to the Southwest corner of said tndem n parcel; thence North 0° 02' 20` We 871.50 feet to the pint of beginning Patel Two: An easement for private and public road and inddental purposes over the following described parcel: 6egirming at a point which bears North 89° 23' 40' EaSt 95 feet distant from the Northeast comer of the above described parcel; thence North or 23' 40" East 100 feet; thence South 00 02' 40" West 380 feet; thence South 89° 23' 40r West 100 feet to a point; thence North 0° 02' 90' East 360 feet to the polio of beginning. APN: 047-131-026-000 and 047- 131 -027 -000 Exhibit B -1 OAK #4818- 9576 -2200 v6 Exhibit B-1 OAK 114818-9576-2200 v6 EXHIBIT B -2 Legal Description of Vast Oak Property Real property in the unincorporated area of the County of Sonoma, State of California, described as follows: TRACT ONE Parcel One Being a portion of that tract conveyed to Frank H. Denman and George B. Murphy and David R. Risk and James C. Risk, by Deed dated February 23, 1911 and recorded in Book 272 of Deeds, page 200, Sonoma County Records, and commencing at a stake marked 30 and 31, standing on the South boundary of the lands conveyed to Denman and Murphy by said Risk Brothers, from which a stake marked "Risk" standing at the Southwest corner of said Rand bears West 40.45 chains distant; thence along the South boundary of said lands East, 10.32 chains to a stake marked 32 and 33; thence North across said lands, at 19.15 chains a stake marked 32 and 33, standing on the South side of a road laid out amass said lands of Denman and Murphy, at 19.45 chains to the center of said road; thence along the center of said road South 89° 30` West, 10.32 chains to a point from which a stake marked 30 and 31 standing on the South side of said road bears South 30 links distant; thence South 19.35 chains to the point of beginning. Parcel 'Two An easement 60 feet in width for general road and public utility purposes, the centerline of which is the same as the East line of the parcel of land conveyed to James Tasley by Deed recorded in Book 2307 at page 594), Sonoma County Records. APN; 045 -262 -001 TRACT TWO Parcel One Being a portion of the tract conveyed to Frank H. Denman and Geo 8. Murphy, by David R. Risk and James C. Risk by Oeed dated February 2.3, 1.911 and recorded in Book 272 of Deeds, Page 200, Sonoma County Records, and commencing at a stake marked "34 ", standing on the South boundary of said Lands and at the Northeast corner of Lands conveyed to Geo H. Anderson by Cotati Company, by Deed recorded In Book 181 of Deeds, Page 477, and Sonoma County Records; thence along said line West 10.26 chains to a stake marked 32 and 33; thence North 19.15 chains to a stake marked 32 and 33, standing on the South line of a -40 foot road laid out across said lands of Frank H Denman and Geo B. Murphy, and along South line of lands of H. Comstock, at 19.45 drains to center of road; thence along center of same, North 89° 30' East, 10.26 chains; thence leaving said road South 30 links, a stake marked 34 and 35, standing on the South side of said road, 19.57 chains the point of commencement. Excepting therefrom any portion of said and lying Easterly of the agreed boundary line as described in that certain Boundary Line Agreement and Quitclaim Dead executed by and between North Bay Title Company and Cottonwood Enterprises recorded March 21, 1994 under Document No. 1994 0037474 Sonoma County Records Also excepting therefrom any portion of said land Tying Easterly of the agreed boundary line as first America,, Title Exhibit B -2 OAK 44818-9576-2200 v6 der • • in that certain Boundary Line Agreement and Quitclaim Deed executed by and between North Bay Title Company (045-262-002-000) and North Bay Tit* Company (045.262- 003.000) recorded March 21, 1994 under Document No 1994 69384, Sonoma County Records Pa Ail the land Tying Westerly of the Agreed boundary line as described In that certain Boundary Line Agreement and Quitclaim Deed executed by and between North Bay Tide Company and Cottonwood Enterprises recorded March 21, 1994 under Document No. 1994 4037474 Sonoma County Records Parcel Three AM the land Tying Westerly of the agreed boundary Ilne as described in that certain Boundary Line Agreement and Quitclaim Deed executed by and between North Bay Tide Company (045.262- 002.000) and North Bay Title Company (045.262- 003.000) recorded May 27, 1994 under Document No. 1994 0069384, Sonoma County Records. Parcel Four A right of way enter a strip of land 40 feet In width, extencMg 20 feet on each side of the North Tint of said lands from the East to the We boundary of the lands heretofore conveyed to Prank H. Denman and Charlotte E. Denman, his wife and George B. Murphy and Alice P. Murphy, his wife, Excepting the right of way over and along a strip of land 20 feet In width along the North one of the lands hereinabove described. APN1 045-262-002 TRACT TherEE Parcel One tieing a potion of that tract conveyed to Frank M. Denman and George B. Murphy by David R. Resit and lames C. Risk by Deed dated February 23, 1911 and red ded in Bode 272 of Deeds at page 200, Sonoma County Records, and commencing at the Northeast corner of that tract hereoofone cwweyed to A.S. Crardora in the center of the road from Petaluma to Santa Rosa, from vo hkh an Iron pin at the Southeast corner of said bract conveyed to Denman and Murphy bears South 5.02 chains distant and a stake marked 37 -38 standing on the West side of said road bears West 45 links distant; thence along the amber of said road North 15.93 chains to the center Tine of a 40- foot road Laid out across said lands cnnveyad to Denman and Murphy (a stake 35 standing at the point of intersect of the West line of the Petaluma and Santa Roca Road with the South line of said 40- foot road); thence along tine tenter Of said 40- foot road; South b9° 30' West, 19.94 chains to a poke fatten which a stake marked 34 -35 gentling on the South side of said road bears South 30 links distant; thence South 15.72 chairs to a stake marked 37 -38 standing at the Northwest timer of the tract heretofore conveyed to A.S. Cardona; thence along the said lands East 19.94 taws to the pent of beginning. Exce • therefrom any portion of saki land lying Westerly and the agreed boundary Ilne as described in that certain► Boundary Line Agreement and Quitclaim Deed executed by and Between North day Tbtie Company (045.262.002-000) and North Bay Tale Company (045- 262 -003 -000) recorded May 27, 1994 under Document No. 1994 0069384, Sonoma County Records. Fri American Me Exhibit B -2 -2- OAK 1148 t 8- 9576 -2200 v6 Parcel Two Ali the land tying Easterly of the agreed boundary Tine as descr • : In that certain Boundary Line Agreement arid Quitclaim Deed executed by and between North By TRle Company (045.262- 002-000) and North Say Title any (04S-2624103000) recorded May 27, 1 under Document No. 1994 0069384, Sonoma County Records. APN: 045- 262.003 TRACT FOUR Parcel One • Beginning at an iron pin In the center of the Petaluma and Santa Rosa, which is South 40.41 chains from the Northeast corner of Section N. 19 In Township 6 North 7 West, M.O.M.. and the Southeast comer of the lands twetdbe conveyed to Frank J. Denman and George 6. Murphy by David R. Risk and 3as C. Risk; thence along the east boundary of said tract and the center of said road North 5.02 chains to an iron pin; thence Irving said road and parallel with the south boundary of said tract, west 19.94 chains to a stake; thence South 5.02 drains to a stake marred "Risk" at the northwest comer of the land heretofore conveyed to Antone Cancloia by the Cotad Company; thence along the south boundary of lands of Frank ti. Denman and Geo B. Murphy, East 19.94 chains to the point of beginning. And being the same kind as Is described and set forth in that certain Deed, Frank J. Denman and Geo B. Murphy to Antone Cardoxa, dated August 12, 1911 and recorded ki Book 279 of Deeds„ page 164, Sonoma County Records, which said Deed Is hereby referred to and mete a part thereof, Excepting therefrom any portion of the above descried lands Tying Welted? of that boundary line estabistred by Boundary line (Agreement by and between North Nay Tie Company and Cottonwood Enterpres, recorded March 21, 1994 under Document No. 1994 0037474, Sonoma County Records. Parcel Two My portion of the and of North Bay Teie Company as desct*Ded in those deeds recorded )erne 11, 1992 under Document No. 1992 0069870 and 1992 4069671, Sonoma County Records, lying Easterly of that boundary Tin a established by Boundary Une Agree nt * by and between North Bay Tide Company and Cottam cod Enterprises, weeded March 21, 1994 under Document No. 1994 0037474, Sonoma County Records. APN: 045 - 262-004 TRACT FfvE Being a portion of Rancho Cotati and beginning at a point.38 chains North of the point of Intersection of the centerline of the County Road leading from Santa Rosa to Petaluma with the South Wise of Section 19, Township 6 North, Range 7 West, M.D.M., said section Tine being also the centerline of Copeland Ditch extended; thence from said point of beginning (which Is marked by an iron par) West 20.00 chains to the East line of the 80 acre tract of George H. Anderson, .38 chains North of the Southeast comer of said 10 acre tract; thence North along said line of Anderson tract 36.62 chains to a stake marked "RISK"; thence East 19.94 chains to an iron pin In the center of said County Road; thew* Soutar 38.62 chains to the point of beginning, and being the same land as is descnbed and set forth In duns certain Deed. the Cntati Company to Antone Cardota dated May 12th, 1889 and receded in Book 184 of Deeds, page 556 of Sonoma County Records, which said Deed Is hereby referred to and made a pert thereof. Pest American Mk -3- OAK 04818 -9576 -2200 v6 ng theneham that portion of land con an April 24, 1967 in Book 2264 a Official Records, Also excepting therefrom that portion of lend cyan recorded an December 31, 1 . • in : • 2437 of OfRdai Records,, page 839, Sonoma County Records. ki the County Sonoma, by f: L::._. is rexxded 923, &mom County Rmorth. to Rancho Pothers by deed A.P. No, 047- 131.019 TRACT SIX PUCCI OM Lykrhg in ti:e Cot Rancho, being a portion of the I.. •' - of Henry H mebauch Mdarson as described In Book 861 of Official Records, Page 194, and being more particularly described as follows: Commencing at a paint an the We ster$y , ,' line of the lands of Anderson saki point being the Northeast corner of Parcel IV of the la • . of the County of Sorhonha as described n Book 2166 d Official Records, Page 300, said point bears North a9° 23' 40" East 191.15 Mat from an iron pipe monument set; thence North 89° 23' 40` East 1837.29 feet to a point, said point be the true print of beginning; thence North 0' 02' 40" East 1670.72 feet to the North line said Anderson land; thence North 89' 23' 40' East along the Not line of saki Anderson lends 794.22 feet to the Northeast corner threof, thence South 0° 02' 40' West along the West line of said Anderson parcel 1670,72 feet to a point on the North line of the parcel conveyed to the County above referred to; thence South 89° 2T 40" West 794.22 feet to the point of beginning Pere l Two A non- exdwhre easement for general road and utility purposes 60 feet in width lying 30 feet on each side of a line described as follows: Beginning at a point on the South line of Keiser Avenue at a point distant 30 feet Westerly from a stake marking the Northeast corner of the 20 acre parcel owned by Henry H. Anderson, et we thence South and 30 feet distant from the East line of said Anderson parcel 1146,64 feet to a point thence Softy in a direct line 16S feet to the No '+` comer of Parcel One above described and the terminus of said easement APN: 047.131 -024 TRACT SEVEN Pared One LYing ice the Cot Rancho, _ a portion of the lands of Henry Himebeugh Anderson as described In Book 464 of °fflcsai Records,, page 194, and being more particularly described as follows: ng at a point on the Westerly property line of the Lands of Anderson, said point f :- the Northeast coma of Parcel IV of fibs Lands of the County of Sonoma as described in Book 2166 of Official Records, page 300, saki .. bears North 89° 23' 40" East 191,15 feet from an iron pipe set; thence North 89" 23' 40' East 1837.29 feet to a pot, thence North 0° 02' 40' East 1670.72 fast Arrret r► 71t* _4_ OAK #4818- 9576 -2200 v6 feet to the North Inc of sat Andresen Lands; thence South 89° 23' 40' West autong the North Are of said Anderson Lands 1837.29 Beet to the Northwest caner thereof; thence South 0' 02" e0' West. Meng the West Ilne of said Anderson Part 1670.72 feet to the pant of beginning. Excepting therefrom all that portion of said lad Lying Northerly of tike agreed boundary line In that cetaln Boundary Une Agreement and Quitclaim Deed executed by and bethrren Vast • P es and Cotad -Rohnert Part Weed School District recorded August 5, 1994 under Document No. 1994 0093626, Sonoma County Records, I * • ..• Parcel Two • • All that lands lying Southerly of the _. boundary fire described to that certain . • tine Agreement and Qulxialm Dead executed by and between Vast Oak Properties and Cotatl- Rohnert Paris Unified School District recorded Au ust 5, 1994 UMW Document No. 1994 0093625, Sonoma County Records. Parma Three A ndn -exclusive easement far general road and utility purposes 60 feet in width tying 30 feet on each side of a line scribed as followsr ng at a point an the South line of Keiser Avenue at a point distant 30 fed Westerly from a stake marking the Northeast corner of the 20 acre parcel owned by Remy 14. Andertat, et ux, thence South and 30 feet distant thorn the East tine of said Anderson Parcel 1146.64 teeny a point; thence Southwesterly in a direct tine 165 feet to the Northeasterly cornet of Parcel lane above and the bermIni s of said easement. &mom/1g that portion lying withat Parcel One ateue. Pairel Four A non- exckeslve easement. 60 feet in width for general road and public uttitty purposes. lying equally on each side of the East line of the elbow described PanoN One. therefrom that portion tying within Parcel One above, r 0478131 -02S Exhibit B -2 -5- OAK #4818- 9576 -2200 v6 MOLLYKSINIAIV aura aaarmon Aavervnrw I WIN ro• irxmr saw ia►rsr •lrcir Exhibit B -2 -6- OAK #14818- 9576 -220() v6 Exhibit C Dedications, Improvements, and Facilities Schedule Amended and Restated Development Agreement 'Dedications, Improvements, and Facilities Bonding/ Construction / Offer of Dedication Construction Completed • Roadway improvements (Section 4.09) Rohnert Park Expressway (Section 4.09A) (Ph 1, North (Snyder to PHR) Bond with 1st Final Map; Construction Started Prior to 25th Market Rate (MR) Building Permit 12 Months After Start of Construction, OR 18 months if started during rainy season, And Connections Provided to interior Streets Prior to Occupancy of Any Unit (Ph 2, South (Snyder to PHR) Bond with Final Map that Creates 800th Single - Family Lot; Construction Started Prior to 800th MR Building Permit 12 Months After Start of Construction, OR 18 months if started after rainy season Keiser Avenue (Section 4.09B) (Ph 1, Snyder to West Side of Oak Grove Park) Bond with 1st Final Map in Vast Oak North; Construction Started Prior to lst MR Building Permit in Vast Oak North 12 Months After Start of Construction, Or Occupancy of Any MR Unit in Vast Oak North (Ph 2, West Side of Oak Grove Park to PHR) Bond with Final Map that Creates 100th MR Single - Family Lot in Vast Oak North; Construction Started at Completion of Keiser Phase 1 OR lOOth MR 01ai(diri Permit in Vast Oak North 12 Months After Start of Construction 1 OAIC #4818- 9576 -2200 v6 Other Improvements Potable Water Tank (Section 4.10) Land Offered For Dedication Prior to First Final Map AND Prior to 1st MR Building Permit N/A Construction Bond with Final Map that Creates 200th Single- Family Lot; Construction Started Prior to 200th MR Building Permit 12 Months After Start of Construction Or Prior to 400th MR Building Permit Crane Creek Trail Easement Land Offered for Dedication Prior to First Final Map AND Prior to First MR Building Permit N/A Parks (Section 4.11) Twin Creek Park - Dedication Dedication on First Final Map N/A Twin Creek Park - Sheet Graded and Stubbed Utilities Bond with First Final Map; Construction Started Prior to 50th MR Building Permit Prior to 100th Building Permit Twin Creek Park - Improvement Bond with Final Map that Creates 100th Single - Family Lot; Construction Started Prior to 100th MR Building Permit 12 Months After Start of Construction, Or Prior to 300th MR Building Permit Oak Grove Park - Dedication Dedicate with First Final Map in Vast Oak North N/A Oak Grove Park - Perimeter Road Completed Bond with First Final Map in Vast Oak North; Construction Started Prior to 50th MR Building Permit in Vast Oak North Prior to 100th MR Building Permit in Vast Oak North Oak Grove Park - Improvement Bond with Final Map that Creates 100th Single - Family Lot in Vast Oak North; Construction Started Prior to 100th MR Building Permit in Vast Oak North 12 Months After Start of Construction Or Prior to 150th MR Building Permit in Vast Oak North 2 OAK 114818- 9576 -2200 v6 Notes: 1) Cross -town Water Transmission Main to Be funded by PFFP reserves, built by City 2) Eastside Trunk Sewer North Reach/ Snyder Lane Widening (Southwest Boulevard to Medical Center Drive) to be funded by Brookfield Homes, built by City 3) Eastside Trunk Sewer Phases 1 and 2 to be funded by City, built by City 4) Brookfield Homes Pays 25% of PFFP Fees in Cash (75% PFFP Credit for Improvements Allowed) 3 OAK #4818- 9576 -2200 v6 Pedestrian Bridges (Section 4.08 -C) Pedestrian Bridge at Hinebaugh Creek (Connecting VO North to VO Central) Bond with Final Map that Creates 100th MR Lot in Vast Oak North; Construction Started Prior to 100th MR Building Permit in Vast Oak North 12 Months After Start of Construction Or Prior to 150th MR Building Permit in Vast Oak North Pedestrian Bridge at Copeland Creek (Connecting UDLLC to Rancho Cotate High School) Bond with First Final Map in UDLLC; Construction Started Prior to 100th UDLLC MR Building Permit 12 Months After Start of Construction 'Vehicular and Roadway Bridge/ Public Roadway (Section 4.09C) Vehicle/ Pedestrian Bridge at Hinebaugh Creek (Twin Creeks Drive) Bond with First Final Map in Vast Oak North; Construction Started Prior to 1st Building Permit in Vast Oak North 12 Months After Start of Construction Or Prior to •Occupancy of Any Unit in Vast Oak North Roadway North from Hinebaugh Creek (Twin Creeks Drive Extension to Keiser Avenue)) Bond with First Final Map in Vast Oak North; Construction Started Prior to lst MR Building Permit in Vast Oak North 12 Months After Start of Construction Or Prior to Occupancy of Any MR Unit in Vast Oak North Notes: 1) Cross -town Water Transmission Main to Be funded by PFFP reserves, built by City 2) Eastside Trunk Sewer North Reach/ Snyder Lane Widening (Southwest Boulevard to Medical Center Drive) to be funded by Brookfield Homes, built by City 3) Eastside Trunk Sewer Phases 1 and 2 to be funded by City, built by City 4) Brookfield Homes Pays 25% of PFFP Fees in Cash (75% PFFP Credit for Improvements Allowed) 3 OAK #4818- 9576 -2200 v6 EXHIBIT C -1. UD LLC & VAST OAK PFFP FUNDING OBLIGATIONS AND PROJECTIONS PFFP FUNDING OBLIGATIONS PER TYPE ! SFD BASED UPON OCTOBER 2011 PFFP $28,269 DEVELOPMENT ASSUMPTIONS; SFD UD VO PEEP 021314 MF COMMERCIAL 517,435 $17,315 Mf COMM. /1,000 VAST OAK WEST VASY OAK CENTRAL VAST OAK EAST VAST OAK NORTH UD LLC 330 279 218 206 203 0 0 0 218 0 0 0 100 0 0 TOTAL 1,236 210 100 BINDING AND PROJECTIONS PER PHASE OBLIGATION PROJECTION VARIANCE SEWER 25 % VAST OAK WEST & CENTRAL 517,215,821 517,215,821 5D 54,303,955 VAST OAK EAST (INC. COMMERCIAL) 57,894,142 57,894,142 50 51,973,536 VAST OAK NORTH (INC. BMR APARTMENTS) 59,624,244 $9,624,244 50 52,406,061 UD LLC 55,738,607 55,738,607 50 51,434,652 TOTAL ..540,472,814 540,472314 $0 510,115,204 PFFP FUNDING PROJECTIONS IMPROVEMENT FUNDING TOTAL SEWER FEES 30% VAST OAK WEST & CENTRAL RPX - PH. 1- NORTHSIDE (SNYDER TO PHR) WESTSIDE SEWER INTERCEPTOR PHASE 1 SNYDER BRIDGE AT COPELAND CREEK ESTS - PH. 3 - NORTH REACH ESTS PH- 2 DESIGN FEES SNYDER - SOUTHWEST BLVD, TO RPX ESTS PH.1 & SEWER CAPACITY FEES 55,075,994 $0 55,075,994 $0 5740,000 5740,000 50 5435,000 5435,000 50 $2,805,235 $2,805,235 50 575,000 $75,000 50 $2,966,271 $2,966,271 50 55,118,321 55,118,321 575,000 55,118,321 TOTAL VAST OAK WEST it NTRAL 55,075;994 $12,139,827 VAST OAK EAST RPX - PH. 2- SOUTHSIDE (SNYDER TO PHR) 55,075,994 ESTS PH- 1 & SEWER CAPACITY FEES 50 52,818,148 821 $5.193,321 34% $0 55,075,994 $2,818,148 52,818,148 TOTAL VAST OAK EAST 55,075,994 $2,818,144 57,894,142 $2,818.748 VAST OAK NORTH ,... 21% KEISER - PH. 1 (SNYDER TO OAK GROVE PARK) 53,810,523 50 53,810,523 KEISER -- PH. 2 (OAK GROVE PARK TO PHR) $3,810,523 50 $3,810,523 ESTS PH. 1 & SEWER CAPACITY FEES 50 52,003,198 52,003,198 52.003,198 TOTAL VAST OAK NORTH UD LLC COPELAND CREEK DETENTION BASIN ESTS PH,1 & SEWER CAPACITY FEES 57.621,046 52,003,198 59,624,244 52.003,194 57% so $2,470,731 52,470,731 50 $3,267,876 53,267,876 53,267,876 TOTAL UD LLC 50 55,738,607 $5,; 7,376 TOTAL - OD & VAST OAK SFD 517.773,034 522,699,780 & VAST OAK PFFP FEE OUR ITiGATE0 THROUGH RINGING ANLI / 08 CONSTRUCTION OE IMPROVE PAID Al THE TIME 01 THE ISSUANCE Of EACH 01J1LDINC3 PERMIT. E At 'ESTS / WESTSIDE /SEWER CAPACITY FUN 14 AND SEWER CAPACITY FEES PAID AT SLOG. PERMIT. SEWER FEES: 5 PER PFFP. P COST. 516,827,778 SNIDER COSTS INCLUDE SURFACE, MEDIAN &; FRONTAGE AND TRAFFIC CON IRO DE "TENTION BASIN I5 PROIECTEO FOR THE ltd Lk( & VAST OAK FAIR SHARE AMOUNT, WHICH I5 85 % OF T The PFFP funding obligations and projections are estimates based on the 2011 PFFP fees and will be confirmed at the time of building permit issuance. 1 OAK #4818 -9576 -2200 v6 43 EXHIBIT D REVISED AFFORDABLE HOUSING PLAN I. INTRODUCTION The Project has been designed to substantially increase the housing stock in the City and to help alleviate the City's need for housing affordable to Very Low, Low, and Moderate Income Households. Subject to potential adjustment as provided in Section IX below, Developer agrees to provide 15% of the total Project as Affordable Units in the Project, consisting of two hundred and eighteen (218) Affordable Apartments as defined in the City's Inclusionary Ordinance. Unless otherwise defined herein, capitalized terms contained in this Affordable Housing Plan shall have the meaning given to such telins in the Amended and Restated Agreement. II. AFFORDABLE APARTMENT COMPLEX A. Obligation to Construct. The Developer shall either (1) construct the Affordable Apartments on dedicated parcels comprising the VO property in accordance with the plans and specifications approved by the City, or (2) dedicate land within the VO property, as solely determined by the Developer, to one or more non -profit housing developers in lieu of Developer's construction of the Affordable Apartments. (1) In the event that Developer decides to donate the land to an affordable housing developer, prior to donating the land to the non - profit, Developer shall confirm that the land is appropriately zoned, buildable, free of toxic substances and contaminated soils. Developer shall dedicate the land provided for under this Section ILA. (1) in such size as to satisfy the 15% Affordable Housing Requirement for 1,454 total Vast Oak and UDLLC units, and (2) within 180 days of the approval of the Ordinance adopting the Amended and Restated Agreement either: i) offer the land for dedication to an affordable housing developer interested in developing the Affordable Apartment Complex; or ii) offer to dedicate to the City the land necessary for the construction of the Affordable Apartment Complex. Prior to donating this land to the non - profit, the Developer shall ensure that the land is sheet grated super pad lots and will have stubbed utilities to the perimeter of the land. The non - profit to whom the Developer donates the land shall have a minimum of five years' experience in development, ownership, operation, and management of similar sized affordable rental housing projects, and shall demonstrate that it has the capacity to construct and operate the affordable housing apartments. (2) Concurrently with recordation of the first final map for the Vast Oak Property, Developer shall transfer the fee interest in the Affordable Apartment Complex site to an affordable housing developer selected by Developer and approved by the City Manager or his or her designee in his or her reasonable discretion. The City Manager or his or her designee shall not withhold approval of the affordable housing developer provided the proposed affordable housing developer (i) has at least five (5) year's experience in the development, ownership, operation and management of similar size affordable rental housing projects, (ii) does not have any record of material violations of discrimination restrictions or other state or federal laws or -1- OAK #4818- 9576 -2200 v6 regulations or local governmental requirements applicable to such projects, and (iii) has the financial capability to develop and operate the Affordable Apartment Complex. Developer shall remain obligated to construct the Affordable Apartment Complex and shall, therefore, retain the right and option to repurchase the Apartment Site from the designated affordable housing developer. If Developer's designated affordable housing developer has not commenced construction of the Affordable Apartment Complex, as demonstrated by the pouring of foundations, within three years of issuance of the first building permit for the Project, Developer, at its expense, will repurchase the Apartment Site from the designated affordable housing developer and commence and complete the construction of the Apartment Complex as soon as possible, but in any event within six years after issuance of the first building permit for the Project. Developer acknowledges and agrees that City shall have the right to withhold issuance of building permits for the last 50 market -rate residential units in the Project until such time as construction of the Affordable Apartment Complex has been satisfactorily completed as evidenced by a final certificate of occupancy. (3) Irrespective of the entity that constructs the Affordable Apartments, construction shall be completed no later than completion of the market -rate units that are part of the Project. In recognition of the fact that Developer may phase construction of the market -rate or commercial units, for purposes of this Affordable Housing Plan, the phrase "completed no later than market -rate units" shall mean no later than the City's issuance of the 1,200th cumulative market -rate residential unit building permit. (4) The Developer shall provide in its transfer documents donating land within its Project to a non -profit housing developer for a reversion in fee to Developer of the land upon which the Affordable Apartments are to be constructed if the Affordable Apartments have not been constructed as required by this Affordable Housing Plan. If the non - profit housing developer has not completed construction of the Affordable Apartments as set forth in this Affordable Housing Plan, then the Developer will be required to complete construction of the Affordable Apartments itself. Developer shall do so at Developer's sole expense, and Developer shall complete construction of the Affordable Apartments no later than issuance of the building permit for the 1,200th cumulative market -rate unit. (5) City shall not be obligated to issue any additional building permits to Developer beyond the 1,200th cumulative market -rate building permit until the Affordable Apartments are satisfactorily completed, as evidenced by a final certificate of occupancy, according to the terms of the Amended and Restated Agreement and this Affordable Housing Plan. B. Affordability. Subject to adjustment as provided in Section IX. below, the Affordable Apartment Complex shall contain Two Hundred and Eighteen (218) Affordable Apartments located on one site on the VO North Property. Fifty percent (50 %) of the Affordable Apartments shall be rented to Very Low Income Households at an Affordable Rent. The remaining fifty percent (50 %) of the Affordable Apartments shall be rented to Low Income Households at an Affordable Rent. -2 OAK #4818 -9576 -2200 v6 C. Affordable Housing Agreement. Affordable rental properties shall be restricted for 55 years as is required by the Rohnert Park Municipal Code. In order to ensure that these affordability restrictions remain in place, the Developer or the non - profit to whom the Developer donates the land, shall enter into an Affordable Housing Agreement with the City in a form and content acceptable to the City Attorney. The Affordable Housing Agreement shall be recorded against the Affordable Apartments land or project site prior to the issuance of the building permit for the 1,000`" market -rate residential unit. The Affordable Housing Agreement shall include at least the following terms: 1. The requirement to construct the Affordable Apartment Complex as provided herein; 2. Provisions restricting the rental of the Affordable Apartments to Low and Very Low Income Households at an Affordable Rent as defined by the Rohnert Park Municipal Code for a period of 55 years; 3. Non - discrimination covenants; 4. Provisions requiring income certification before the lease of any Affordable Apartment Units and recertification every year thereafter; 5. Provisions requiring the submittal of certificates of continuing program compliance to the City on at least an annual basis; 6. Restrictions on the ability to transfer the Affordable Apartment Complex; 7. Maintenance and management requirements, including City remedies following notice and opportunity to cure; 8. Provisions regarding the marketing of the Affordable Apartments, including any approved preference program, as set forth in Section II(E) below. D. Quality /Standards. The Affordable Apartments shall be of high architectural quality, effectively and aesthetically designed and constructed in a workmanlike manner with professionally rendered finishes. The Affordable Apartments shall be indistinguishable from the comparable market rate condominiums in exterior and interior design, quality, materials, fixtures and architectural elements (other than interior flooring materials, countertops, cabinetry and appliances which shall be high quality, but need not be identical to the market rate condominiums). At least eighty percent (80 %) of the Affordable Apartments shall be 2- bedroom /2 -bath units or larger, and at least ten percent (10 %) shall be 3- bedroom /2 -bath units. Developer shall use best efforts to increase number of 3- bedroom /2 -bath units by converting 2- bedroom/2 -bath units where feasible to do so within the design/footprint. 3 OAK #4818- 9576 -2200 v6 E. Marketing /Implementation. Developer or its designated affordable housing developer shall prepare and implement a marketing and implementation plan for the rental of the Affordable Apartments. The plan must be in a form and content reasonably acceptable to the City and include, among other things, the following: I. A plan to market the Affordable Apartments to eligible households; 2. Procedures for the rental of the Affordable Apartments, including the slotting of applications and creation of a waiting list, eligibility determination, income certification and annual recertifications; and 3. To the extent permitted by law, a preference program, whereby Developer shall give preference in the rental of the Affordable Apartments first to nurses, Cotati /Rohnert Park Unified School district staff and faculty, peace officers as defined by Penal Code section 830.1(a) and persons employed as firefighters, who live or work in the City; second to other income qualified City municipal employees; third to income qualified employees of Sonoma State University; fourth to persons who live and work in Rohnert Park; fifth to persons who live in Rohnert Park; sixth to persons who work in Rohnert Park; and seventh to all others. III. IN -LIEU FEES In the event that the City adopts any other affordable or inclusionary housing ordinance, including an in -lieu fee that would apply to the Project, Developer may, in its sole discretion, comply with any future adopted form of affordable or inclusionary housing ordinance through the payment of in -lieu fees. IV. COMPLIANCE MONITORING Commencing one year after the Effective Date and every year through the Term, Developer shall submit an annual implementation plan to the City summarizing the status of compliance with the Affordable Housing Plan, including status of construction and rental of the Affordable Units and status of construction of the affordable Second Units. This compliance can be included within the Annual Review of the Amended and Restated Agreement. The Developer shall submit the required Processing Fees to cover the City's costs to review and monitor the Developer's compliance with the Affordable Housing Plan. V. DEVELOPER'S OBLIGATION The obligations set forth in this Affordable Housing Plan are the obligations of Developer, who shall be responsible for fulfilling them at Developer's sole cost and expense. Neither the City nor the Rohnert Park Community Development Agency will have any obligation to assist in the development of any of the Affordable Apartment Units or Second Units. Developer shall provide any and all subsidies necessary to construct the Affordable Units and Second Units and to comply with all provisions of this Affordable Housing Plan. - 4 - OAK H4818 -9576 -2200 v6 VI. PRIORITY The Affordable Housing Agreements described above shall be superior to any mortgage, deed of trust, lien or other encumbrance (other than the lien for current taxes or assessments not yet due) recorded against the Property, and shall be enforceable against any party who has acquired its title by foreclosure, trustee's sale, voluntary conveyance or otherwise. If so requested by City, Developer or its successor shall execute and agree to the recording of a subordination agreement evidencing the provisions of this Section VIII. VII. ADJUSTMENT A. General. The Developer may seek a reduction, adjustment, or waiver of these Affordable Housing requirements as is set forth in Rohnert Park Municipal Code Section 17.07.020, footnote (N), subsection 15. Furthermore, the Developer may elect to satisfy its affordable housing requirements, at Developer's sole discretion, by constructing the Affordable Units or dedicating the property in Vast Oak North for the Affordable Apartments. B. Potential Reduction in Affordable Units. Developer is obligated to provide 218 Affordable Apartments in accordance with the City Inclusionary Ordinance. In the event that the anticipated total number of attached and detached market rate residential units is reduced through subdivision mapping or other approval processes, the number of Affordable Apartments and Affordable Units required to be developed within the Project will be reduced proportionately, with any fractional units rounded up to the nearest whole number. -5 OAK #4818 -9576 -2200 v6 EXHIBIT E Water Tank Site Legal Description ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE UNINCORPORATED AREA OF SONOMA COUNTY STATE OF CALIFORNIA, BEING A PORTION OF TRACT II AS DESCRIBED IN DOCUMENT NO. 2003 - 080334, SONOMA COUNTY RECORDS, MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NORTHWESTERLY CORNER OF SAID TRACT 11, BEING ALSO A POINT ON THE EASTERLY RIGHT OF WAY OF PETALUMA HILL ROAD; THENCE FROM SAID POINT OF BEGINNING ALONG THE NORTHERLY LINE OF SAID TRACT II, THE FOLLOWING THREE (3) COURSES: I) SOUTH 77 °39'44" EAST 86.49 FEET; 2) SOUTH 67 °55'25" EAST 206.96 FEET; 3) SOUTH 89 °03'51" EAST 1703.57 FEET; THENCE LEAVING SAID NORTHERLY LINE AND ENTERING INTO SAID TRACT II THE FOLLOWING THREE (3) COURSES: 1) SOUTH 89 °03'51" EAST 323.22 FEET; 2) NORTH 65 °22'06" EAST 250.51 FEET; 3) SOUTH 89 °53'55" EAST 81,20 FEET TO THE EASTERLY LINE OF SAID TRACT 11; THENCE ALONG SAID EASTERLY LINE, SOUTH 00 °18'05" WEST 960.82 FEET TO THE SOUTHERLY LINE OF SAID TRACT II; THENCE ALONG THE SOUTHERLY LINE NORTH 89 °56'20" WEST 2,606.17 FEET TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF PETALUMA HILL ROAD; THENCE ALONG SAID EASTERLY RIGHT OF WAY COMMON WITH WESTERLY LINE OF SAID TRACT II, NORTH 00 °01'44" WEST 983.12 FEET, TO THE POINT OF BEGINNING. CONTAINING 53.00 ACRES, MORE OR LESS RESERVING THEREFROM A NON - EXCLUSIVE EASEMENT: THE NORTHERLY TWENTY FEES' (20') OF THE ABOVE DESCRIBED PARCEL FOR SHARED PRIVATE ACCESS AND UTILITY EASEMENT PURPOSES. A PORTION OF APN 047 - 132 -038 END OF DESCRIPTION Exhibit E -I- P:U9539 \Plats- Legals\Legals \WATER TANK SITE DESCRIPTION F,XHIBIT E.doe 1 OAK 44818- 9576 -2200 v6 5 0 H a ANDERSON HENRY JAMES DOC #2003-064065 APN 047 - 132 -039 N77 °39'44" W 86.49' i UNIVERSITY DISTRICT LLC N89°53'55 "W 1 DOC #2003- 080334 81'20 APN 047 -132 -038 I N65 °22'06" E i N67°55'25 "W I t 250.51' 206.96' 1703.57' 1 3231 .22' v P.O.B. 51 "W 2079' 1f0T'AC- _ ` _ °- c 1 oN. c) �: ANDERSON HENRY JAMES DOC #2004-112861 APN 047-132-033 ,...� " DUPAR CAROLYN DOC #2001 - 055311 APN 047 - 132 -013 0' 200' 400' 800' 1 SCALE: 1" = 400' 20' WIDE PRIVATE ACCESS AND UTILITY EASEMENT PARCEL 1 53.00#' Ac. GROSS' EDWARD & SWEEP SUSAN RITA DOC #2003- 097556 APN 047 - 132 -032 N89°56'20" W 2606.17' ....01111. 41611. 0111.111.1611. 1i. MNIMININOW. LEGEND P.O.B. POINT OF BEGINNING - - BOUNDARY LINE PARCEL LINE RIGHT OF WAY ADJACENT PROPERTY LINE EXHIBIT "E" WATER TANK SITE DESCRIPTION COUNTY OF SONOMA PAGE 2 OF 2 CALIFORNIA mAcKAY & sohips CIVIL ENGINEERING•LAND PLANNING•LAND SURVEYING Pleasanton, CA (925) - 225 -0690 DRAWN IBM DATE SCALE JOB N0. 01 -16 -14 r =400' 2 -13 -2014 11:13:26 mwehber P:\ 19539 \Plots- Legals \Plats \REV_38AC_p at09- 14- 06.dwg 2 OAK #4818- 9576 -2200 v6 r-° 19539 EXHIBIT F Crane Creek Trail Easement Area Diagram and Legal Description 5 a w ate, ..s o a E Er4 Er-1 -4 CO N POTABLE 4IATER TANK OAK 114818- 9576 -2200 v6 All THAT CERTAIN REAL PROPERTY srrum-rp IN THE UNINCoREORATED AREA OF SONOMA COUNTY, STA IT oF CALIFORNIA, BEING A PoRlioN 01 TRACT 11 AS DEsCRIHED IN SERIES NO, 24O34)84)334, SONOMA CouNTY RI,;(70RD,S, MORE PARTICULARLY DESCI2113ED AS FOLLOWS: COMMENCING AT -111E NoRTHWEsTERLY CORNER OF SAII) TRACT II, BEING ALS() A POINT ON 1111: EASTERLY RIGHT 01, WAY OF PE:CALIIMA 1111.1, ROM)'., Tm..,NR:F, FROM 'A11) POINT 01 COMMENCEMIiN I ALONG THE NOEFOIERLY LINE OF SAID TRACT. 11 '1.111z, FOLLOWING FOUR (4) COURSEsi 1) SOUTH 7734/44" rAsi 86,49 EFFT: 2) SOUth 67'5525" FAST 2(16,% FEET; 3) SOUFil 89°0'51" EAST L703,57 FEET; 4) NORTH to(0.31'34' FAsT 66.51 FEET, to 'Ulf POINT OF BEGINNING; THENCE FROM SAID PoINT oF BEGINNING CoNTINIIING ALONG ITIE N( )RTHERLY I IN• OE SAIL) 'MACE 1. COMMON WITH THE sou rriFRLY ANI) EASIERLY LINES C)F THE 1 ANDS OE HENRY JAMES ANDERSON, SERIES No 2004-112ml, Jo MARILYN ANDERSON, SERIEs No 1984-081 172, ANI) J( )l AND M,ICT SIMPSON, SERIES No. 19944)88265, SONCIMA COONEY RECORDS, 111E, FOLLOWING SIX (.6 (OUIRSFS, 1) NOM"( I 00'3E54' FAST 52(1,36 FEET,. 2) N0RFIt 7818'57' EAST 1,301 ()1 FEET.. 3) NOM 29447 rAsT i49„79 Lax; 4) SOUR)! 87-3cElfi" I.-As-1-47TV FEET, 5) NORTH (101449' EAST 463.32 LEVI% 6) SOI run 87.34)16." F,A,s r 1,54E35 FEET Do 111! VAS FERL Y LINE OF SAM [RAC r 11, BEING ALSO A POINT ON 1I1E WESTERLY LINE OF 'HIE LANDS 01 111E COUN l'Y 01 SoN0MA SERIES :NO. 1975'- 2989589, SONOMA (201.1N TY RECoRI)s., TIUNCE ALONG SAID FAS FERE Y LINE or 'TRACT 11, COMMON WHII THE WESTERLY LINE. OF SAID COUN'FY 1,ANDS, THE FOLLOWING TWO (2) CO(JRSES: 1) SO11111 32°1 312" FAS r 588,11 2) sat( 111 161(V46 EAsT 1,048 67 FEE T TO 11 11 Sol rrivAs r CORt•IER of: SAID TRACE II, BEING Al S} 1111 NORA !EAST CORNER 0! 1111' LANDS or WILLIAM AN() NANCY ADAMS, SERIFS No, 2()«4-4651 73, SONOMA CoUN R1(0RDS THENCE ALONG THE 5011HIER1,Y AND WESTERLY LINES OE SAID TRACT II, COMMON WITH THE 111 LINES OE THE SAID ADAMS LAND ANI) THE I. ANDS OF ROY AND MAUREEN IIEGROOT, SERIFS N(), 19119-1 15416, AND nib: NOR ITIERLY AND WESTERLY LINE ,S 01 SANGIACOMO GENERATIONS, SF:RIES NO 19984154512, SONOMA COI INTY RECoRDS, THE FOLLOWING TtIRFE (3 ) COURSES - - 2 - OAK #4818-9576-2200 v6 1) NOR 1117(132'59" W1; 2,3t11 33 2.) NOR 11 1 11/1"53116" WI:SE 1,035,.11 3) SOO 111 110"1/Voi" WE/114335 12 1.14+.1, '1111iNCV LEAVING SA11) WE/11+:10,Y LINE AN1) FNflRlN( 1NR) SAIII TRACT 11 THE 1:01 LOW NCI t3)C(1.112/.11;S,. 1) NI/kill /1953'53" wI:sr 156.75 FI.ET, 2) SOliTH 49%TO3' S1 51.18 3) Notat /193353" wv,s-r 43009 Hita, TO II IF, POINT OF 'BEGINNING, CONTAINING 7444) ACRES MORI:. OR 1,FSS A PORTION OF APN (M7-132-038 END OF DESCRIPTION 4818-9576-2200, v. 6 - 3 - OAK #4818-9576-2200 v6