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2018/03/29 Planning Commission Agenda Packetysvxti..r P��T N� ttx ''C el Fo\xtit City of Rohnert Park SPECIAL Planning Commission Meeting AGENDA Thursday, March 29, 2018 6:00 P.M. 130 Avram Avenue, Rohnert Park To Any Member of the Audience Desiring to Address the Planning Commission: For public comment on items listed or not listed on the agenda, or on agenda items if unable to speak at the scheduled time, you may do so upon recognition from the Chairperson. PLEASE FILL OUT A SPEAKER CARD PRIOR TO SPEAKING. 1. 2. 3. 4. 5. 6. 7. 8. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL (Adams Blanquie Borba Giudice Haydon___) DECLARATION OF ABSENTION ACKNOWLEDGEMENT OF POSTING OF AGENDA — Agenda has been posted in three public places: Community Center, Public Safety Building and City Hall. PUBLIC COMMENT - Persons who wish to speak to the Commission regarding an item that is not on the agenda may do so at this time. CONSENT CALENDAR - ADOPTION OF MINUTES AGENDA ITEMS 8.1 PUBLIC HEARING — DEVELOPMENT AGREEMENT AMENDMENT (CONTINUED FROM THE MARCH 22, 2018 PLANNING COMMISSION MEETING) - File No. PLDA17-0001 — Eric Reid for SOMO Village — Consideration of Resolution No. 2018-22 recommending City Council approval of the proposed third amendment to the Development Agreement by and among the city of Rohnert Park and SOMO Village LLC and SOMO Village Commercial LLC. CEQA: The City Council has certified the Final EIR for the Project (including the Development Agreement), and adopted the associated CEQA Findings, Statement of Overriding Considerations, and the Mitigation Monitoring and Reporting Program, and, as amended by the proposed Third Amendment to Development Agreement, there are no substantial changes proposed in the Project, substantial changes with respect to the circumstances under which the Project will be undertaken or new information of substantial importance of the kind that would require additional environmental review pursuant to Section 15162 of the CEQA Guidelines. 9. ITEMS FROM THE PLANNING COMMISSION 10. ITEMS FROM THE DEVELOPMENT SERVICE STAFF 11. ADJOURNMENT Appeals of any decisions made tonight must be received by the Planning Division within 10 days and no later than 5: 00 p.m. on April 9, 2018 NOTE: If you challenge the nature of the proposed action in court, you may be limited to raising only those issues you or someone else raised at public hearing(s) described in this Agenda, or in written correspondence delivered to the City of Rohnert Park at, or prior to the public hearing(s). Disabled Accommodation: In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting please call (707) 588-2236. Notification 72 hours in advance of the meeting will enable the city to make reasonable arrangements to ensure accessibility to the meeting. (28 CFR 3 5.102.3 5.104 AD Title IIl) CERTIFICATION OF POSTING OF AGENDA I, Kelsey Bracewell, Development Services Office Assistant for the City of Rohnert Park, declare that the foregoing notice and agenda for the March 29, 2018, Special Planning Commission Meeting of the City of Rohnert Park was posted and available for review on March 23, 2018, at Rohnert Park City Hall, 130 Avram Avenue, Rohnert Park, California 94928. The agenda is available on the Cid of Rohnert Park's web site at www.rpcit-y.org. Signed this 23rd day of March, 2018 at Rohnert Park, California City of Rohnert Park Planning Commission Report DATE: March 29, 2018 ITEM NO: 8.1 SUBJECT: PLDA17-0001: Third Amendment to the Development Agreement by and among the City of Rohnert Park and SOMO Village LLC and SOMO Village Commercial LLC LOCATION: Valley House Drive and Bodway Parkway (APN 046-051-040, 046-051-042, and 046-051-045) REQUEST: Amendments Regarding Pedestrian, Walkway and Bicycle Paths (Section 4.07 of the Development Agreement) and Park Improvements (Soccer Field) (Section 4.11 of the Development Agreement) APPLICANT: Eric Reid for SOMO Village Background: In 2010, the City of Rohnert Park approved the Sonoma Mountain Village Planned Development, a mixed-use community on 175 acres consisting of the former Hewlett Packard/Agilent technology campus and undeveloped land. The approval included a Development Agreement (DA) between the City and Sonoma Mountain Village LLC and KDRP LLC. Sonoma Mountain Village LLC and KDRP LLC were the development interests at the time. The DA provides for orderly development of the property in accordance with approved development plan and outlines rights and responsibilities of the developer and the City. The Sonoma Mountain Village Planned Development has not proceeded on the schedule that was anticipated in 2010. As a result of these delays and some reorganization of the developer's interests, the DA was formally amended twice (both times in 2012) has been the subject of a Partial Assignment and Assumption Agreement between the City and the new development interests SOMO Village LLC and SOMO Village Commercial LLC. In addition, the City and developer has entered into two letter agreements to address delays in Developer's compliance with its obligations to build both portion of the SMART multi -use path and an all-weather soccer field. The purpose of the proposed third amend is to clarify that the developer has remedied its non-compliance with respect to the SMART multi —use path and to outline an updated schedule Page 1 for the completion of the all-weather soccer field, along with the City's remedies if the developer defaults on this obligation. Proposal and Analysis: The proposed third amendment to the DA will: 1. Modify Section 4.07(B) which deals with the developer's obligation to build the portion of the SMART multi -use path from the Cotati Station to Sonoma Mountain Village. 2. Modify Section 4.11(B) of which deals with the developer's obligation to build an all- weather soccer field. Each of these proposed amendments is analyzed below. Section 4.07(B) — SMART Path: The DA obligates the developer to build the portion of the SMART multi -use path from the Cotati Station to Sonoma Mountain Village. The DA required that this work be complete by December 31, 2014. The work was not completed by December 31, 2014. Subsequent to the City's notice of breach and follow-up letters, the developer entered into a funding agreement with SMART in October of 2016. Under the funding agreement, SMART was able to complete the path segment. The proposed third amendment clarifies the history of construction of the SMART path segment and acknowledges that this obligation is complete. Section 4.11(B) — Soccer Field: The DA obligated the developer to build an all-weather soccer field on one of two sites within the Sonoma Mountain Village Planned Development. The DA originally required that the field be complete no later than December 31, 2012. The second amendment to the DA, which was approved in late 2010, extended the deadline for completing the field until December 31, 2016. The extension was granted in recognition of the economic circumstances impacting new development at that time. In April 2016, the City notified the developer of its concern that the developer had not begun work on the soccer field and would be unable to complete it on time, which would result in another breach of the development agreement. At this time, the City and developer negotiated a letter agreement whereby: 1. The soccer field would be relocated from Sonoma Mountain Village to the City's Sunrise Park 2. The developer would pay the City $500,000 in two installments as consideration for this change. 3. The City and developer would memorialize these terms and a new schedule for the soccer field construction in an amendment to the DA. In April of 2017, at the developer's request, the City Council approved a Partial Assignment and Assumption of the Sonoma Mountain Village DA in order to allow the developer to secure financing. As part of the Partial Assignment and Assumption, the developer deposited $2.3 million with the City as security for its soccer field obligations. The City has been holding this deposit in an escrow account. The proposed DA amendment establishes the following new provisions with respect to the soccer field and the funds on deposit. 1. The soccer field will be relocated from Sonoma Mountain Village to the City's Sunrise Park Page 2 2. The developer will construct the soccer field and relocate or replicate any existing improvements in Sunrise Park that are impacted by the construction. 3. The developer will meet the following new milestones for the soccer field: a. 60% design by May 1, 2018 b. 100% design by July 16, 2018 c. Executed construction contract by August 31, 2018 d. Commencement of construction by October 1, 2018 e. Completion of construction by December 31, 2019. 4. If, upon receipt of bids, the cost of the soccer field exceeds the $2.3 million on deposit, the developer will increase its deposit, with cash, a letter of credit or bonds. 5. If the developer misses a milestone or abandons work on the soccer field during construction, the City shall have the right to use the funds on deposit to complete the work. 6. If the developer misses a milestone, it shall pay the City liquidated damages in the amount of $2,500 per day for each day it is late for all milestones through commencement of construction and $500 per day for each it is late completing construction. The City will hold all liquidated damages until the completion of construction and will return the funds to the developer if it meets its final milestone date. Within the proposed amendment the City is committing to review times that will assist the developer in meeting its milestone schedule. The City and developer are also agreeing to revise the existing escrow instructions for the deposit account to reflect the proposed amendment and to enter into an Improvement Agreement to secure completion of the construction work. Approval and execution of the third amendment will allow the developer to continue to process its plans for the development of Sonoma Mountain Village. Environmental Determination: An Environmental Impact Report (EIR) was certified by the City Council when considering the project entitlements at its meeting of August 24, 2010. The proposed Development Agreement amendments involve no substantial changes in the project or new information of substantial importance of the kind that would require additional environmental review pursuant to Section 15162 of the CEQA Guidelines. Findings: The recommended findings to approve the proposed Third Amendment to the Development Agreement are included in the attached resolution. Public Notification: This item has been duly noticed by publication in the Community Voice for Amendments to the Sonoma Mountain Village Development Agreement and posted at the prescribed locations in Rohnert Park. Property owners within 300 feet of the project were mailed notices of the proposed application. Staff Recommendation: Approve a Resolution of the Planning Commission of the City of Rohnert Park recommending City Council approval of the proposed Third Amendment to the Development Agreement by and among the City of Rohnert Park and SOMO Village LLC and SOMO Village Commercial LLC. Attachments: 1. Resolution 2018-22 of the Planning Commission of the City of Rohnert Park recommending City Council approval of the proposed Third Amendment to the Page 3 Development Agreement by and among the City of Rohnert Park and SOMO Village LLC and SOMO Village Commercial LLC. 2. Third Amendment to the Development Agreement APPROVALS: Mary Grace 4wson, Director of Development Services Page 4 Date PLANNING COMMISSION RESOLUTION NO. 2018-22 A RESOLUTION OF THE PLANNING COMMISSION OF THECITY OF ROHNERT PARK RECOMMENDING CITY COUNCIL APPROVAL OF THE PROPOSED THIRD AMENDMENT TO THE DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF ROHNERT PARK AND SOMO VILLAGE LLC AND SOMO VILLAGE COMMERCIAL LLC 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 provide for necessary public improvements required by development; and WHEREAS, Sonoma Mountain Village, LLC and KDRP LLC (collectively, "Developer") submitted applications to the City of Rohnert Park for a General Plan Amendment, Planned Development (including related Conditional Use Permit), and rezoning for real property located at Valley House Drive and Bodway Parkway (the "Property"); and WHEREAS, on August 24, 2010, the City Council approved those applications allowing development of the Property, which includes 1,892 residential units, approximately 825,307 square feet of commercial space, and approximately 23.5 acres of park space (the "Project"); and WHEREAS, in connection with the Project, Developer and City staff negotiated a development agreement ("Development Agreement") for the Project in accordance with the requirements of Government Code § 65864, et seq., and Chapter 17.2 1, "Development Agreement Procedure," of the Rohnert Park Municipal Code ("RPMC"); and WHEREAS, on August 24, 2010, the City Council considered and adopted Ordinance No. 825 approving the Development Agreement; and WHEREAS, the City Council has subsequently approved two amendments to the Development Agreement; and WHEREAS, SOMO Village LLC and SOMO Village Commercial LLC are successors in interest to Sonoma Mountain Village, LLC and KDRP LLC; WHEREAS on April 11, 2017, the City Council approved a Partial Assignment and Assumption Agreement of the Development Agreement, which contemplated a third amendment to the Development Agreement to address Developer's obligations to build a portion of the SMART multi -use path and an all-weather soccer field; and WHEREAS, the parties now desire to amend the Development Agreement to acknowledge the completion of the SMART multi -use path and outline the terms and schedule under which the Developer will complete construction the all-weather soccer field at the City's Sunrise Park; and WHEREAS, pursuant to California State Law and the Rohnert Park Municipal Code, 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 in the Community Voice for a minimum of 10 days prior to the first public hearing; and WHEREAS, on March 29, 2018, the Planning Commission held a public hearing at which time interested persons had an opportunity to testify either in support or opposition to the proposed Third Amendment to Development Agreement; and WHEREAS, the Planning Commission has reviewed and considered the information contained in the proposed Third Amendment to Development Agreement. NOW, THEREFORE, BE IT RESOLVED that the Planning Commission of the City of Rohnert Park makes the following findings, determinations and recommendations with respect to the proposed Third Amendment to Development Agreement: Section 1. lncorporation of Recitals. The above recitations are true and correct, and are incorporated herein by this reference. Section 2. CEQA. The City Council has certified the Final EIR for the Project (including the Development Agreement), and adopted the associated CEQA Findings, Statement of Overriding Considerations, and the Mitigation Monitoring and Reporting Program, and, as amended by the proposed Third Amendment to Development Agreement, there are no substantial changes proposed in the Project, substantial changes with respect to the circumstances under which the Project will be undertaken or new information of substantial importance of the kind that would require additional environmental review pursuant to Section 15162 of the CEQA Guidelines. Section 3. Findings for Amendment of Development Agreement. The Planning Commission hereby makes the following findings: A. A duly noticed public hearing regarding the proposed Development Agreement Amendment was held by the Planning Commission on March 29, 2018, in conformance with the notice provisions of Government Code §§ 65090 and 65091 and the requirements of the Rohnert Park Municipal Code. B. The proposed Third Amendment to Development Agreement (Exhibit A) is consistent with the General Plan. C. The Planning Commission has considered other pending applications and approved projects; the traffic, parking, public service, visual, and other impacts of the proposed amendment 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 included, if any, 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 of Rohnert Park, and of its contribution if any toward meeting the city's housing needs; and to any other comparable, relevant factor and finds that: 1. The proposed Third Amendment will not result in conditions that conflict with pending applications and approved projects. 2. The proposed Third Amendment will not result in negative parking, public service, visual or other impacts on abutting property and will enhance an existing public park. 3. By entering into the proposed Third Amendment and complying with its obligations to construct public recreational facilities, the applicant is taking affirmative actions to comply with its obligations to fund the construction of public facilities, and improving land for public purposes. 4. The proposed Third Amendment is not inconsistent with the City' growth management program, economic development plans or efforts to meet the City's housing goals. Section 4. Based on the findings set forth in this Resolution and the evidence in the staff report considered by the Planning Commission concurrently with the proposed Third Amendment to the Development Agreement, the Planning Commission hereby recommends that the City Council approve the Third Amendment to Development Agreement, substantially in the form set forth at Exhibit A hereto, subject to minor revisions approved by the City Manager and City Attorney. DULY AND REGULARLY ADOPTED on this 29th day of March, 2018 by the City of Rohnert Park Planning Commission by the following vote: ADAMS Attest: AYES: NOES: ABSENT: BLANQUIE BORBA _ GIUDICE ABSTAIN: HAYDON Susan Adams, Chairperson, Rohnert Park Planning Commission Susan Azevedo, Recording Secretary RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Rohnert Park 130 Avram Avenue Rohnert Park, California 94928-2486 Attention: City Clerk (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code § 27383. THIRD AMENDMENT TO DEVELOPMENT AGREEMENT THIS THIRD AMENDMENT TO DEVELOPMENT AGREEMENT ("Third Amendment") is entered into as of the day of . 2018, by and among SOMO VILLAGE, LLC, a Delaware limited liability company, f.k.a Sonoma Mountain Village, LLC ("Developer"), and SOMO VILLAGE COMMERCIAL, LLC, a Delaware limited liability company ("SVC"), and the CITY OF ROHNERT PARK, a California municipal corporation ("City"). City, Developer and SVC are sometimes referred to herein as a "Party" and collectively as the "Parties." RECITALS A. City, Developer and KDRP LLC, previously entered into that certain Development Agreement, dated as of September 14, 2010 and recorded on October 1, 2010 as Instrument Number 2010084467 in the Official Records of Sonoma County, as amended by that certain First Amendment to Development Agreement, recorded on June 28, 2012 as Instrument Number 2012061268 in the Official Records of Sonoma County and by that Second Amendment to Development Agreement recorded on December 11, 2012 as Instrument Number 2012126932, in the Official Records of Sonoma County and subject to those certain letter agreements dated June 6, 2016 and December 29, 2016 (collectively, the "Development Agreement"). All terms not otherwise defined herein shall have the definition set forth in the Development Agreement. B. Developer and KDRP LLC owned the Property as tenants in common upon entering the Development Agreement. On July 21, 2016, Developer acquired all of KDRP LLC's rights and assumed all its obligations under the Development Agreement. C. Developer was formerly known as Sonoma Mountain Village, LLC and changed its name to SOMO Village, LLC upon converting from a California limited liability company to a Delaware limited liability company on December 30, 2016. D. The Parties entered into that certain Partial Assignment and Assumption and Guaranty of Development Agreement and Consent to Transfer of Real Property (the "Assignment Agreement"), whereby, (1) Developer transferred a portion of the Property to SVC, while retaining all obligations under the Development Agreement, except for those obligations regarding improvements to existing structures on the transferred property; and (2) Developer deposited the sum of $2.3 million with City to fund its soccer field obligations, with the use of such deposit to be governed by that certain Escrow and Funding Agreement, entered into as April 24, 2017, by and between SOMO Village, LLC and City (the "Escrow Agreement"). E. Section 4.07 of the Development Agreement included requirements related to the construction and dedication of a SMART Path connecting the Property to the East Cotati Avenue SMART Station. Developer has since entered into that certain Funding Agreement, Sonoma -Marin Area Rail Transit District and SOMO Village, Construction of Pathway: SOMO Village to Manor Dr., dated as of October 20, 2016, with Sonoma -Marin Area Rail Transit District (SMART) and SOMO Village (the "Funding Agreement"), which provides for Developer's funding of the SMART Path, with the construction to be completed by the contractor responsible for the construction of the SMART Station in coordination with such project. The SMART Path was completed in September of 2017. F. Section 4.11(B) of the Development Agreement, among other things, requires that Developer complete construction of a soccer field and installation of equipment for such soccer field upon one of two pre -designated site locations owned by the Developer by December 31, 2016. The Parties have since entered into two letter agreements, the Assignment Agreement and the Escrow Agreement, which provide for the following: (1) modification of Developer's obligation to construct a soccer field on the Property to the construction of an all-weather soccer field at Sunrise Park, which is already owned by the City; (2) two additional payments from Developer to City in the amount of $250,000 each; and (3) a deposit of $2.3 million by Developer with City to fund its obligations related to the soccer field. G. The Parties now desire to formally amend the Development Agreement a third time to: (1) acknowledge Developer's compliance with the construction of the SMART Path; (2) document the Parties' agreement to move the location of the Soccer Field; and (3) set forth terms regarding the time -frame, funding, and remedies for non- compliance regarding Developer's design and construction of the Soccer Field. 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 follows: 1. Amendment of Definitions. 1.1 The following definitions set forth in Section 1.01 are hereby added or replaced and restated in their entirety: "Funding Agreement" shall have the meaning set forth in Section 4.07(B)(3) of the Development Agreement, as amended. "Soccer Field Characteristics" are as identified in the attached Exhibit K-1. "Soccer Field Site" shall be as identified on Exhibit L-1. "Soccer Field Work" shall have the meaning set forth in Section 4.11(B)(1) of the Development Agreement, as amended. 2 1.2 The following definitions set forth in Section 1.01 are hereby deleted in their entirety: "Site", "Site 1", "Site 2", "Site I Soccer Field", and "Site 2 Soccer Field". 2. Amendments -Regarding Pedestrian Walkway and Bicycle Paths. 2.1 Amendment of Section 4.07(B)(3). Section 4.07(B)(3) of the Development Agreement is hereby amended and restated in its entirety to read as follows: "(3) To meet its obligations under this Section 4.07(B), Developer entered into that certain Funding Agreement dated October 20, 2016, with Sonoma -Marin Area Rail Transit District (SMART) (the "Funding Agreement") providing for the construction of the SMART Path in SMART's right-of-way adjacent to the Property, with such construction funded by Developer. Developer shall fully comply with the terms and conditions of the Funding Agreement." 2.2 Amendment of Section 4.07(B)(4). Section 4.07(B)(4) of the Development Agreement is hereby amended and restated in its entirety to read as follows: "(4). Intentionally Omitted." 2.3 SMART Path Com letion. The Parties acknowledge that the construction of the SMART Path pursuant to Section 4.07 of the Development Agreement and the Funding Agreement was completed in September 2017. 3. Amendments RefyardinL: Soccer Field. 3.1 Amendment of Section 4.I1(B). Section 4.11(B) of the Development Agreement is hereby amended and restated in its entirety to read as follows: `13. Imp ovement of Offsite Soccer Field. (1) Developer Obligation. Developer, at its cost and expense, shall design, undertake and complete construction of the Soccer Field, relocate or replicate as necessary any improvements affected by the construction of the Soccer Field, and purchase and install Equipment (collectively, the "Soccer Field Work"). The Soccer Field Work shall be performed by a contractor or contractors duly licensed by, and in good standing under the laws of, the State of California, and otherwise in accordance with Applicable Law, this Agreement and the Improvement Agreement, as defined in Section 4.11 (13)(1)(c). Developer may select the contractor or contractors that will perform the Soccer Field Work in its discretion, subject to the requirements set forth in this Section 4.11(B)(1). City hereby approves of Developer acting as general contractor for the Soccer Field Work. Developer shall commence and diligently complete the Soccer Field Work by the following milestones (each, a "Soccer Field Milestone"): a. Plans representing 60 percent design submitted to the City for review by May 1, 2018; b. Plans representing 100 percent design submitted to the City for review by July 16, 2018; c. Executed contract for construction of the Soccer Field Work ("Construction Contract") submitted to the City by August 31, 2018; d. Commencement of the Soccer Field Work by October 1, 2018, with "commencement" defined as when Developer or its contractor commences (i) demolition and removal of existing improvements located at the Soccer Field Site, including without limitation, one or more light fixtures, or (ii) excavation of existing grass sod, whichever occurs sooner; and e. Completion of the Soccer Field Work and approval by City Manager pursuant to Section 3.1(B)(7) by December 31, 2019 ("Soccer Field Deadline"). City shall complete review of the 60 percent design submittal within 14 days of submittal to City. City shall complete review of the 100 percent design submittal and provide any requests for changes, or alternatively, issue a building permit within seven days of the 100 percent design submittal to the City. The City agrees that the enforced delay provisions of Section 9.06 of the Development Agreement shall be applicable to the completion of the Soccer Field Work and Soccer Field Milestones set forth in this Section 4.11(B)(1). (2) Funding. Any and all costs associated with the Soccer Field Work (including, without limitation, design, site preparation, governmental fees, Equipment, relocation or replication of any improvements, and compliance with Applicable Law) shall be borne solely by Developer. Developer has deposited the amount of $2.3 Million Dollars with City pursuant to the Escrow Agreement. Within five business days of execution of the Construction Contract, if the amount of the Construction Contract exceeds the Original Construction Funds (as defined in the Escrow Agreement), Developer, in Developer's sole and absolute discretion, shall (a) increase the Original Construction Funds by depositing with City an amount equal to the difference between the dollar amount of the Construction Contract and the Original Construction Funds (the "Shortfall"), with the amount of the Shortfall to be deposited with City and added to the Original Construction Funds, and become subject to the requirements of, the Construction Funds pursuant to the Escrow Agreement; (b) provide to City a letter of credit, in a form approved by City in its reasonable discretion, the amount of the Shortfall; or (c) obtain a construction bond for the full amount of the Construction Contract, in favor of City, in a form approved by City in its reasonably discretion. Developer agrees and acknowledges that it is responsible for all costs for the Soccer Field Work, including all costs over and above the Construction Funds. (3) Improvement Agreement. Prior to the commencement of the Soccer Field Work, City and Developer shall enter into an Improvement Agreement, substantially in the form attached hereto as Exhibit M-2, which shall set forth certain terms regarding Developer's obligation to complete and fund the Soccer Field Work on City property (the "Improvement Agreement"). The Improvement Agreement shall provide, among other things, that: (a) Developer may secure its obligations to complete the Soccer Field Work as provided in Section 4.11(B)(2) above; and (b) if Developer is in breach of a Soccer Field 4 Milestone, after notice and opportunity to cure, City may use the Original Construction Funds, the Shortfall, and proceeds of any letter of credit or construction bond, as applicable, to complete the Soccer Field Work. (4) Amended and Restated Escrow Agreement. Concurrently with entering this Third Amendment, the Parties will enter into an Amended and Restated Escrow Agreement to conform the Escrow Agreement to the terms of this Third Amendment, including, without limitation, to provide that: (1) no Draw Request (as defined in the Escrow Agreement) may be made until Developer commences construction of the Soccer Field Work; (2) acknowledge that the Construction Funds may be increased per the terms of this Third Amendment; and (3) the Construction Funds may be used by City in the event of a breach under the Third Amendment or the Improvement Agreement. (5) Remedies for Non -Compliance. Developer acknowledges that the completion of the Soccer Field Work is a material term of the Development Agreement, and that the Soccer Field Work was originally required to be completed in 2016. In addition to all other remedies set forth in the Development Agreement, Developer shall pay City damages (the "Milestone Breach Fee") in the amount of $2,500.00 for every day the Developer exceeds a Soccer Field Milestone set forth in Section 3.1(13)(1)(a), (b), (c), or (d) and $500.00 for every day the Developer exceeds a Soccer Field Milestone set forth in Section 3.1(13)(1)(e). Failure to pay an applicable Milestone Breach Fee within 10 business days of notice by City shall constitute an Event of Default under this Agreement. Unless the City exercises its right to complete the Soccer Field Work, the City shall hold any Milestone Breach Fee paid by Developer, except for a Milestone Breach Fee paid pursuant to Section 3.1(13)(1)(e), in escrow pursuant to the Escrow Agreement, and shall return to Developer such Milestone Breach Fee(s) if Developer completes the Project and it is accepted by City on or before December 31, 2019. If Developer fails to achieve completion of the Project and City does not accept the Project on or before December 31, 2019, City may immediately withdraw from escrow any Milestone Breach Fee(s) paid by Developer, if not already withdrawn. CITY AND DEVELOPER AGREE THAT IT WOULD BE IMPRACTICAL AND EXTREMELY DIFFICULT TO ESTIMATE THE AMOUNT OF DAMAGES SUFFERED BY CITY BECAUSE OF DEVELOPER'S DEFAULT OF A SOCCER FIELD MILESTONE; THAT THE AMOUNT OF $2,500.00, OR $500.00, AS APPLICABLE, PER DAY CONSTITUTES A REASONABLE ESTIMATE AND AGREED STIPULATION OF SUCH DAMAGES; THAT CITY SHALL BE ENTITLED TO SUCH SUM AS LIQUIDATED DAMAGES IN THE EVENT OF DEVELOPER'S DEFAULT OF A SOCCER FIELD MILESTONE. City's Initials Developer's Initials (6) Standards. The Soccer Field shall be designed and constructed and Equipment purchased in accordance with the characteristics and standards listed in Exhibit K-1 attached hereto, and such other City standards and specifications as the Parties mutually agree are applicable to the Soccer Field Work. In addition, Developer agrees to relocate or replicate any existing E improvements affected by Soccer Field Work such that their condition upon City acceptance is equal to or better than their condition prior to construction of the Soccer Field by Developer, as reasonably determined by the City. (7) City Acceptance. City shall approve the Soccer Field Work and City shall accept the Soccer Field Work pursuant to the terms of the Improvement Agreement." 3.2 Amendment of Exhibit K. Exhibit K, of the Development Agreement, titled "Soccer Field Characteristics," is hereby amended and restated in its entirety with the amended SMV All Weather Field Characteristics set forth hi Exhibit K- 1, attached hereto and incorporated herein by this reference. The Parties agree that the City Manager may approve minor revisions to the specifications set forth in Exhibit K-1, upon written request by Developer, without formal amendment of Exhibit K-1. 3.3 Amendment of Exhibit L. Exhibit L of the Development Agreement, titled "Site 1 Depiction," is hereby amended and restated in its entirety by the amended Soccer Field Site Depiction set forth in Exhibit L-1. attached hereto and incorporated herein by this reference. 3.4 Amendment of Exhibit M. Exhibit M of the Development Agreement, titled "Site 2 Depiction," is hereby amended and restated in its entirety by the form of Improvement Agreement set forth in Exhibit M-1, attached hereto and incorporated herein by this reference. 3.5 Deletion of Exhibit N. Exhibit N of the Development Agreement, titled "[Form] Bill of Sale," is hereby deleted in its entirety. 4. Development Agreement in Full Force and Effect. Except to the extent the Development Agreement is modified by this Third Amendment, the remaining terms and provisions of the Development Agreement shall remain unmodified and in full force and effect. In the event of a conflict between the terms of the Development Agreement and the terms of this Third Amendment, the terms of this Third Amendment shall prevail. 5. Counterparts. This Third Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Amendment. [Signatures on following page] rel IN WITNESS WHEREOF, this Third Amendment has been entered into by and between Developer and City as of the day and year first above written. Approved as to Form: By: City Attorney Attest: By: City Clerk CITY: City of Rohnert Park, a municipal corporation Darrin Jenkins, City Manager Authorized by Ordinance No. , adopted by the City Council at its meeting of April 2018 [Signature Must be Notarized] DEVELOPER: SOMO Village, LLC, a Delaware limited liability company By: Name: Bradley E. Baker Title: Manager [Signature Must be Notarized] SVC: SOMO Village Commercial, LLC, a Delaware limited liability company By: SOMO Management LLC, a California limited liability company Its: Manager 7 By: Name: Bradley E. Baker Title: Manager [Signature Must be Notarized] ACKNOWLEDGMENTS A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On , 20_ before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: (seal) A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On 20_ before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: Acknowledgment (seal) ACKNOWLEDGMENTS A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On _, 20 before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. (seal) A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On _, 20_ before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: Acknowledgment (seal) Exhibit K-1 Amended SMV All Weather Field Characteristics The dimension of the playing field area shall be a minimum of Length —120 yards; Width — 70 yards. The field shall be oriented west -east. The field site shall be higher than surrounding areas to allow drainage. The field site shall be designed with a slope of 0.5% to sideline drainage. The field shall be permanently striped for soccer but shall be designed to accommodate football, lacrosse, rugby, and ultimate Frisbee. The field shall meet the standards set forth in the SUGGESTED GUIDELINES for the ESSENTIAL ELEMENTS of SYNTHETIC TURF SYSTEMS, latest Edition, including requirements for soccer fields. The field shall be a tufted infill system that consists of a drainage layer, a multi -layered backing system, and resilient "grass" blades that are infilled with a granular filler to resemble natural turf. A soils engineer shall make recommendations regarding field design and shall participate in the design of the field. A geotextile separation fabric shall be installed to separate the subsoil from the base. The geotextile fabric shall be placed over the entire sub -grade and within the pipe trenches prior to the installation of the base materials. The field shall be drained through a series of sub -drain pipes connected to a collection system surrounding the field. The drainage system shall provide sufficient drainage of the entire playing surface to meet local conditions for at least a minimum 5 -year design storm frequency. The expected drainage performance evaluation and the systems used shall undergo an independent engineering analysis. An adequate factor of safety shall be utilized as the permeability of both the field surface and the base materials will typically decrease over the life of the field. The field shall have an unbound dynamic base capable of compaction yet allowing free draining. The base will be designed for specific site conditions to accommodate local soils, groundwater levels and the local climate. The base shall be a minimum of 6 inches in thickness. Impact Absorption (force reduction): Range of g -max for a new field installation shall fall between 85 and 160 at each test point (6 test points minimum) with testing at installation. The maximum g -max shall be a maximum value of 200 at each test point (6 tests minimum) for the life of the warranty. The field shall meet or exceed all requirements and characteristics contained in Table 1 - Base Materials, Table 2 — Turf Characteristics for Infill Systems, Table 5 Infill Properties, Table 7b - Performance Guidelines for Soccer Fields and other applicable tables in the Exhibit K-1 SUGGESTED GUIDELINES for the ESSENTIAL ELEMENTS of SYNTHETIC TURF SYSTEMS, latest Edition. The field shall be supplied with a sweeper and an ATV to pull the sweeper. The sweeper shall be as recommended by the turf manufacturer. The Warranty for the synthetic turf field system shall be a minimum of 5 years. Warranty conditions shall include the following: • Acceptable uses for the field (Soccer, football, lacrosse, rugby, ultimate Frisbee) ■ Expected number of yearly hours of use of the field (1,000 hours per year) • Type of shoes used (Soccer, football, lacrosse, rugby, ultimate Frisbee). No track spikes and only plastic molded athletic shoes ■ Excessive UV degradation to protect fading ■ Color match within specifications • Excessive fiber wear ■ Wrinkling and panel movement ■ Shock absorbency (g -max) • Seam integrity The field shall include measures to prevent car access, such as a trees or bollards. A minimum four -foot separation shall be provided between the playing field surface and any trees, bleachers or accessories. This area shall be constructed of a durable fall safe surface, which could include artificial turf. Two 20 -foot, five tier, bleachers shall be provided on the south side of the field. Center bleachers for players shall be provided on south side and shall consist of a total of four 15 -foot benches and two of the benches shall contain a fixed shade cover. Benches and bleachers shall be aluminum with welded aluminum supports. All bolts shall be galvanized. Benches and bleachers shall be designed to meet the 2016 California Building Code for safety. The field and spectator viewing areas shall be designed to be ADA accessible. Existing lighting shall be reviewed and adjusted to provide for the field to a minimum level of 30 footcandles and shall have a half -bright setting which allows 50 percent of the lights to be used. Lighting shall be high efficiency lighting Musco Light -Structure Green or better. Lighting shall meet the Lighting Standards of the US Soccer Foundation for Standard Play. Field shall include an LED display, 10 feet long by 4 feet tall, electronic scoreboard, with spot for SOMO Village logo and no video capability. Exhibit K-1 Exhibit L-1 Soccer Field Site Depiction [Attached] Exhibit L-1 Kt MUYt CAIDIIP 0,0 10 GET BLEACHER CLOSER TO MIDFIE 5 ROW BLEACHER 70 YRD X 120 YRC SOCCER FIELD 5 FOOT WIDE — SAFETY BORDER 50 YRD X 70 YRD U-12 SOCCER FIEL! NEW SCOREBOAR Esn��.nw CODDING Athletic Field Improvements Concept Sunrise Park Rohnert Park, CA RELOCATED LIGHT POLE LOCATION SYNTHETIC TURF SOFTBALL OUTFIELD 50 YRD X 70 YRD U-12 SOCCER FIELD SPORTS FIELD 3 POLE. POLE TO BE D AND REPLACED IN CATION. OTHER SPORTS MTING TO BE ADJUSTED I WILL BE LIGHTED Y Ni�RT1i eo L DSGPE MCHIL UIE CNIL ENGINEERING SPORT PW NING 8 DESIGN T�59 D4 �rcu,'rP T00 Soma Ooro, G 95050 y n roL 408. 85.7M VERDE DESIGN 409 995.7260 May 12, 2017 wwwverdededBNrc.cam Exhibit M-1 [Form] Improvement Agreement [Attached] Exhibit M-1 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Rohnert Park 130 Avram Avenue Rohnert Park, California 94928-2486 Attention: City Clerk (Space Above This Line for Recorder's Use Only) Exempt from recording fee per Gov. Code § 27383. IMPROVEMENT AGREEMENT CITY OF ROHNERT PARK SOMO FIELD SOCCER FIELD WORK THIS IMPROVEMENT AGREEMENT (the "Agreement") is made and entered into on this day of , 2018 (the "Effective Date") by and between SOMO VILLAGE, LLC, a Delaware limited liability company, formerly known as SONOMA MOUNTAIN VILLAGE, LLC ("Developer"), and the CITY OF ROHNERT PARK, a California municipal corporation ("City"). Developer and City are sometimes referred to herein as a "Party" and collectively as the "Parties." RECITALS A. City, Developer and KDRP LLC, previously entered into that certain Development Agreement, dated as of September 14, 2010 and recorded on October 1, 2010 as Instrument Number 2010084467 in the Official Records of Sonoma County, as amended by that certain First Amendment to Development Agreement, recorded on June 28, 2012 as Instrument Number 2012061268 in the Official Records of Sonoma County and by that Second Amendment to Development Agreement recorded on December 11, 2012 as Instrument Number 2012126932, in the Official Records of Sonoma County and subject to those certain letter agreements dated June 6, 2016 and December 29, 2016 (collectively, the "Original Development A eement"). B. Developer and KDRP LLC owned the Property as tenants in common upon entering the Development Agreement. On July 21, 2016, Developer acquired all of KDRP LLC's rights and assumed all its obligations under the Development Agreement. Developer was formerly known as Sonoma Mountain Village, LLC and changed its name to SOMO Village, LLC upon converting from a California limited liability company to a Delaware limited liability company on December 30, 2016. C. The Parties entered into that certain Partial Assignment and Assumption and Guaranty of Development Agreement and Consent to Transfer of Real Property (the "Assignment Agreement"), whereby, (1) Developer transferred a portion of the Property to SVC, while retaining all obligations under the Development Agreement, except for those obligations regarding improvements to existing structures on the transferred property; and (2) Developer deposited the sum of $2.3 million with City to fund its soccer field obligations, with the use of such deposit to be governed by that certain Escrow and Funding Agreement, entered into as April 24, 2017, by and between SOMO Village, LLC and City (the "Escrow Ageement"). D. Section 4.11(B) of the Development Agreement, among other things, requires that Developer complete construction of a soccer field and installation of equipment for such soccer field upon one of two pre -designated site locations owned by the Developer by December 31, 2016. The Parties have since entered into two letter agreements, the Assignment Agreement and the Escrow Agreement, which provide for the following: (1) modification of Developer's obligation to construct a soccer field on the Property to the construction of an all-weather soccer I field at Sunrise Park, which is already owned by the City; (2) two additional payments from Developer to City in the amount of $250,000 each; and (3) a deposit of $2.3 million by Developer with City to fund its obligations related to the soccer field. E. On , 2018, the City's City Council adopted Ordinance No. approving that certain Third Amendment to Development Agreement dated 2018 (the "Third Amendment"). The Original Development Agreement, as amended by the Third Amendment, may be referred to as the "Development Agreement" in this Agreement. F. The Third Amendment, among other things: (1) documents the Parties' agreement to move the location of the Soccer Field to Sunrise Park; and (2) sets forth terms regarding the time -frame, funding, and remedies for non-compliance regarding Developer's design and construction of the Soccer Field. F. The Parties have also entered into an Amended and Restated Escrow Agreement to conform the Escrow Agreement to the terms of the Development Agreement, including, without limitation, to provide that: (1) the Construction Funds (as defined in the Escrow Agreement) may be increased per the terms of the Development Agreement; and (2) the Construction Funds may be used by City in the event of a breach under the Development Agreement or this Improvement Agreement. F. Pursuant to the terms of the Development Agreement, Developer has submitted plans, specifications and drawings for the Soccer Field Work (as defined in the Development Agreement) prepared by Verde Design, Inc. and dated , 2018 (hereinafter collectively referred to as the "Improvement Plans"), which Improvement Plans have been approved by the City Engineer. The Soccer Field Work is referred to as the "!Mrovements" in this Agreement. G. City and Developer desire to provide for certain additional terms and conditions relating to the construction and installation of the Soccer Field Work in accordance with the Improvement Plans as set forth in this Agreement. AGREEMENT NOW, THEREFORE, in consideration of the faithful performance of the terms and conditions set forth in this Agreement, the parties hereto agree as follows: 1. Purpose. The purpose of this Agreement is to guarantee completion of the Improvements and ensure satisfactory performance by Developer of Developer's obligations to satisfy the Conditions. 2. Property Subject to Agreement. The property which is the subject of this Agreement is located in the City of Rohnert Park, Sonoma County, California, and is described as Assessor's Parcel No. _, in the Sonoma County Records (the "PropertX"). 3. Duty to Install IMrovements. Developer will construct, install and complete, or cause to be constructed, installed and completed, at the Developer's sole cost and expense, the Improvements, in accordance with the Improvement Plans and to the satisfaction of the City Engineer, in his/her reasonable discretion. Developer will also supply all labor and materials therefor, all in strict accordance with the terms and conditions of this Agreement and the Development Agreement. The construction, installation and completion of the Improvements and all labor and materials furnished in connection therewith are hereinafter referred to collectively as the "Work." City shall not be responsible or liable for the maintenance or care of the Improvements until City formally approves and accepts them in accordance with its policies and procedures. City shall 2 exercise no control over the Improvements until approved and accepted. Any use by any person of the Improvements, or any portion thereof, shall be at the sole and exclusive risk of the Developer at all times prior to City's acceptance of the Improvements. Developer shall maintain all the Improvements in a state of good repair until they are completed by Developer and approved and accepted by City. It shall be Developer's responsibility to initiate all maintenance work, but if it shall fail to do so, it shall promptly perform such maintenance work when notified to do so by City. If Developer fails to properly prosecute its maintenance obligation under this section, City may do all work necessary for such maintenance and the cost thereof shall be the responsibility of Developer and its surety, if applicable, under this Agreement. City shall not be responsible or liable for any damages or injury of any nature in any way related to or caused by the Improvements or their condition prior to acceptance. 4. Completion Date. Developer will complete the Work by December 31, 2019. All Work will be completed in a good and workmanlike manner in accordance with accepted design and construction practices. 5. Estimated Cost of Work. The estimated cost of the Work is [ESTIMATED COST OF WORK TO BE INSERTED AFTER PLANS ARE COMPLETE AND CONSTRUCTION CONTRACT IS EXECUTED]. Notwithstanding this estimate, Developer hereby acknowledges and agrees that (a) the actual costs to complete the Work may significantly exceed this estimate, (b) this estimate in no way limits Developer's financial obligation, and (c) that Developer is obligated to complete the Work at its own cost, expense, and liability. 6. Modifications to the Plans. Approval of this Agreement by City does not release Developer of its responsibility to correct mistakes, errors or omissions in the Improvement Plans. If, at any time, in the opinion of the City Engineer, in his/her reasonable discretion, the Improvement Plans are deemed inadequate in any respect Developer agrees to make such modifications, changes or revisions as necessary in order to complete the Work in a good and workmanlike manner in accordance with accepted design and construction standards. 7. Repairs. Developer agrees to repair or have repaired in a timely manner at its sole cost and expense all public roads, streets, or other public or private property damaged as a result of or incidental to the Work or in connection with the development of the Property or to pay to the property owner of any damaged road, street or property the full cost of such repair. In addition, Developer shall obtain the written acceptance of such repair or payment from any owner whose private property was repaired by Developer or to whom Developer has paid the full cost of such repair in accordance with this Section 7. City shall be under no obligation whatsoever to accept the Work completed under this Agreement until such time as all repairs have been completed or have been paid for and written acceptances have been provided to the City Engineer, except as otherwise provided in section 12.1. 8. Foreman or Superintendent. Developer shall give personal attention to the Work. A competent foreman or superintendent, satisfactory to the City Engineer, in his/her reasonable discretion, with authority to act for and on behalf of Developer, shall be named in writing by Developer prior to commencement of the Work, shall be present on the Property during the performance of the Work and may not be changed without the advance notification to and satisfaction and concurrence of the City Engineer. 9. Examination of Work. All of the Work shall be performed to the satisfaction of the City Engineer, in his/her reasonable discretion. The City and its authorized agents shall, at all times during the performance of the Work, have free access to the Work and shall be allowed to examine the Work and all materials used and to be used in the Work. 10. City's Ins ectian Administration and Testing Costs. Developer shall pay to City the actual cost for all inspection, administration and testing services furnished by City in connection with this Agreement, including those performed by consultants under contract with 3 the City (the "City Costs"). City agrees not to double charge Developer (through the imposition of both a processing fee and a consultant charge) for any individual monitoring, inspection, testing or evaluation service. In addition, City agrees to limit its use of outside consultants to those reasonably necessary or desirable, as determined by the City Manager or his designee in his reasonable discretion, to accomplish the requisite inspection, administration and monitoring. The estimated cost for the inspection, administration and testing services is Dollars ($ ) (the "Estimatcd Cost"). Concurrently with the execution of this Agreement, Developer shall deposit an amount equal to the Estimated Cost with City for the payment of the City Costs. In the event that the Estimated Cost is insufficient to cover the actual City Costs incurred, Developer shall, upon notice in writing by the City Engineer, deposit such additional amount as may be required to pay the City Costs. Any amount of the Estimated Cost, initial deposit or additional amounts deposited remaining after payment of all City Costs will be returned to Developer. City may, at its discretion, deposit such funds in an interest-bearing account and retain any and all interest earned. 11. Completion of Work. After Developer (a) completes the Work in accordance with the Improvement Plans and the terms and conditions of this Agreement, (b) repairs any road, street, or private or public property damaged as a result of the Work or pays the full cost of such repair to the owner whose property was damaged and (c) obtains the written acceptance of such repair or payment from any owner whose private property was repaired by Developer or to whom Developer paid the full cost of such repair, Developer will provide City with a written notice of completion, together with copies of all written acceptances. 12. Final Acceptance. 12.1 Notice of Completion. Within three (3) business days of receipt of Developer's written notification pursuant to Section 11 above, City Engineer shall inspect the Work and repairs and review the written acceptances, if any, and send Developer a written notice stating whether the Work and repair are complete to the satisfaction of the City Engineer, in his/her reasonable discretion, and whether the written acceptances have been provided. If the Work and repair are, in the opinion of the City Engineer, not complete and satisfactory, and/or written acceptances have not been provided, the City Engineer will list the deficiencies that must be corrected to find the Work and repair complete and satisfactory. Upon satisfactory completion of the Work and repair and submittal of written acceptances, the City Engineer will send Developer a written notice of satisfactory completion. The requirement for written acceptances may be waived by the City Engineer, in his/her reasonable discretion, if Developer has made commercially reasonable efforts to obtain such acceptances. City Engineer's failure to respond to Developer's written notification within ten (10) business days will be deemed acceptance of the Work under this Agreement. 12.2 Acceptance of Improvements. After sending Developer a written notice of satisfactory completion or upon failing to respond within ten (10) business days pursuant to Section 12.1, the City Engineer shall within three (3) business days recommend approval of the Improvements to the City Manager. The City Manager shall make the final determination as to approval, in his reasonable discretion and thereafter, shall recommend formal acceptance to the City Council. Upon acceptance by the City Council, the City Engineer shall record a notice of acceptance, in a form to be approved by the City Attorney, in the Official Records of Sonoma County. 13. (intentionally omitted 14. [intentionally omitted'] 15. Security. Developer has deposited the amount of $2.3 million dollars in cash with City pursuant to the terms of the Amended and Restated Escrow Agreement as initial 4 security for the Work. Developer shall furnish and deliver to City, within the times set forth below, the following additional security: 15.1 Additional Security. Within five (5) business days after the execution of the Construction Contract (as defined in the Third Amendment), Developer shall furnish and deliver one of the following forms of additional security for the performance of the Work, the selection of which form of security shall be in the sole discretion of Developer: a) Additional Cash Deposit. Developer shall deposit the full amount of the Shortfall (as defined in the Third Amendment) in cash with City pursuant to the terms of the Amended and Restated Escrow Agreement. In the event of a breach of this Agreement or the Development Agreement, City may use such funds pursuant to the terms of the Amended and Restated Escrow Agreement to complete the Work. b) Letter of Credit. Developer shall obtain, in the amount of the Shortfall, a Letter of Credit for the benefit of City in a form acceptable to the City Attorney, in the City Attorney's reasonable discretion. In the event of a breach of this Agreement or the Development Agreement, City may use draw on the Letter of Credit to complete the Work. The Letter of Credit shall be released by the City effective upon the date of recordation of the notice of acceptance of the improvements as described in Section 12.2 and Developer's delivery of the Warranty Bond described in Section 15.2 c) Performance Bond. Developer shall furnish and deliver a performance surety bond issued by a surety company duly and regularly authorized to do general surety business in the State of California, or such other surety as may be acceptable to the City Attorney, in the amount of the Construction Contract, which bond must be in a form acceptable to the City Attorney, in the City Attorney's reasonable discretion. The bond shall be conditioned upon the faithful performance of this Agreement with respect to the Work and shall be released by the City effective upon the date of recordation of the notice of acceptance of the improvements as described in Section 12.2 and Developer's delivery of the Warranty Bond described in Section 15.2. 15.2 WarrantyBond. Developer shall furnish and deliver a warranty bond issued by a surety company duly and regularly authorized to do general surety business in the State of California, or such other surety as may be acceptable to the City Attorney, in the amount of [FIFTEEN PERCENT OF THE CONSTRUCTION COST PER CITY'S MUNICIPAL CODE] upon acceptance of the Improvements and prior to release of the Performance Bond. The bond shall be in a form acceptable to the City Attorney and shall guarantee and warranty the Work for a period of one (1) year following the date of recordation of the notice of acceptance of the improvements against any defective work or labor done, or defective materials furnished. 16. (intentionally omitted]. 17. No Waiver by City. Inspecting of the Work, or approval of any portion of the Work prior to full performance of the Work, or a statement by an officer, agent or employee of the City indicating the work complies with this Agreement, or acceptance of any portion of the Work, or any combination of all of these acts shall not relieve Developer or its obligation to fulfill this Agreement; nor is the City by these acts prohibited from bringing an action for damages arising from the failure to comply with this Agreement. Notwithstanding the foregoing, if the City, upon default by Developer, exercises its right to perform the Work pursuant to Section 28 of this Agreement and exercises on the security provided by Developer pursuant to Section 15, Developer will have no further obligations to complete the Work under this Agreement. The following provisions of this Agreement will, however, remain in full force: Sections 21 and 22. 18. Warranty Period: Repair and Reconstruction. Without limiting the foregoing, Developer expressly warrants and guarantees all work performed under this Agreement and all materials used in the Work for a period of one (1) year after the date of recordation of the notice of acceptance of the improvements in accordance with Section 12. If, within this one (1) year period, any Improvement or part of any Improvement installed or constructed, or caused to be installed or constructed by Developer, or any of the work done under this Agreement, fails to fulfill any of the requirements of the Improvement Plans or this Agreement, Developer shall, without delay and without cost to City, repair, replace or reconstruct any defective or otherwise unsatisfactory part or parts of the Work or Improvement to the satisfaction of the City Engineer. Should Developer fail to act promptly or in accordance with this requirement, or should the exigencies of the situation require repairs, replacements or reconstruction to be made before Developer can be notified, City may, at its option, make the necessary repairs, replacements or perform the necessary reconstruction and Developer shall pay to the City upon demand the actual cost of such repairs, replacements or reconstruction. 19. Erosion Control. Pursuant to Rohnert Park Municipal Code Chapter 15.52, Developer shall be responsible for the control of erosion on the Property and shall prevent its entry into the storm drainage system. 20. Developer Not Agent of City. Neither Developer nor Developer's contractors, subcontractors, agents, officers, or employees are agents, partners, joint venturers or employees of City and the Developer's relationship to the City, if any, arising herefrom is strictly that of an independent contractor. Developer's contractors and subcontractors are exclusively and solely under the control and dominion of Developer. Further, there are no intended third party beneficiaries of any right or obligation assumed by the Parties. 21. Indemnification. Developer agrees to indemnify, defend and hold the City, its elective and appointed boards, commissions, officers, agents, employees and consultants, harmless from and against any and all claims, liabilities, losses, damages or injuries of any kind (collectively, "Claims") arising out of Developer's, or Developer's contractors', subcontractors', agents' or employees', acts, omissions, or operations under this Agreement, including, but not limited to, the performance of the Work, whether such acts, omissions, or operations are by Developer or any of Developer's contractors, subcontractors, agents or employees, except to the extent any Claim arises from the gross negligence or intentional acts or omissions by the City. This indemnification includes, without limitation, the payment of all penalties, fines, judgments, awards, decrees, attorneys' fees, and related costs or expenses, and the reimbursement of City, its elected officials, officers, employees, and/or agents for all legal expenses and costs incurred by each of them. The aforementioned indemnity shall apply regardless of whether or not City has prepared, supplied or approved plans and/or specifications for the Work or Improvements and regardless of whether any insurance required under this Agreement is applicable to any Claims. The City does not and shall not waive any of its rights under this indemnity provision because of its acceptance of the bonds or insurance required under the provisions of this Agreement. Developer's obligation to indemnify City shall survive the expiration or termination of this Agreement. 22. Insurance. Developer shall maintain Comprehensive Liability Insurance protecting the City from incidents as to bodily injury liability and property damage liability that may occur as a result of the Work and additional repairs. Developer shall provide certificate(s) of insurance and endorsements to City before any Work commences. The insurance policy shall contain, or be endorsed to contain, the following provisions: (1) The City, its officers, elected officials, employees, consultants, agents and volunteers are to be covered as additional insureds as respects liability arising out of activities performed by or on behalf of Developer. The coverage shall contain no special limitations on the scope of protection afforded to the City, its officers, elected officials, employees, consultants, agents and volunteers. (2) The amounts of public liability and property damage coverage shall not be less than $3,000,000 (Three Million Dollars) per occurrence for bodily injury, personal injury and property damage. (3) The insurance shall be maintained in full force until the work has been completed to the satisfaction of the City Engineer. (4) The insurance policy shall provide for 30 days notice of cancellation to the City. The policy shall not be cancelled earlier than nor the amount of coverage be reduced earlier than 30 days after the City receives notice from the insurer of the intent of cancellation or reduction. (5) Any failure to comply with the reporting provisions of the policy shall not affect the coverage provided to the City, its officers, elected officials, employees, consultants, agents and volunteers. (6) Developer's insurance coverage shall be primary insurance as respects the City, its officers, elected officials, employees, consultants, agents and volunteers. Any insurance or self-insurance maintained by the City, its officers, elected officials, employees, consultants, agents and volunteers shall be in excess of Developer's insurance and shall not contribute to it. (7) Any deductibles or self-insured retentions must be declared to and approved by City. At the option of City, either: (a) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects City, its elected officials, officers, employees, agents, and volunteers; or (b) Developer and its contractors shall provide a financial guarantee satisfactory to City guaranteeing payment of losses and related investigation costs, claims, and administrative and defense expenses. In the event that Developer's insurance is cancelled, Developer shall provide replacement coverage or all work must cease as of the cancellation date until replacement insurance coverage is provided. 23. Workers' Compensation Insurance. Developer shall provide, or cause to be provided, Workers' Compensation insurance as required by law, and shall cause its contractors and their subcontractors, agents and representatives to also maintain Workers' Compensation insurance as required by law. No Work shall commence until such Workers' Compensation insurance is obtained and in full force and effect. 24. Compliance with Laws. Developer shall fully comply with all federal, state and local laws, ordinances and regulations in the performance of this Agreement. Developer shall, at its own cost and expense, obtain all necessary permits and licenses for the Work, give all necessary notices, pay all fees and taxes required by law and make any and all deposits legally required by those public utilities that will serve the development on the Property. Copies and/or proof of payment of said permits, licenses, notices, fee and tax payments and deposits shall be furnished to the City Engineer upon request. 7 25. Encroachment. Permits. Developer shall obtain, at its sole cost and expense, any encroachment permits required by the City in order to perform the Work. 26. Payments. Developer agrees that it will pay, when due, all those furnishing labor or materials in connection with the Work. 27. Notice of Breach and Default. The occurrence of any of the following constitutes a breach and default of this Agreement: (1) Developer refuses or fails to complete the Work within the time set forth herein or abandons the Work. (2) Developer assigns the Agreement without the prior written consent of City. (3) Developer is adjudged bankrupt or makes a general assignment for the benefit of creditors, or a receiver is appointed in the event of Developer's insolvency. (4) Developer or Developer's contractors, subcontractors, agents or employees, fail to comply with any terms or conditions of this Agreement, after City provides Developer written notice specifying such breach and an opportunity to cure, which cure period shall not exceed thirty (30) days. (5) Any delay in the construction of any portion of the Work or repairs, which in the reasonable opinion of the City Engineer, endangers public or private property. (6) Developer is in breach of the Third Amendment or the Amended and Restated Escrow Agreement, after City provides Developer written notice specifying such breach and an opportunity to cure, which cure period shall not exceed thirty (30) days. The City may serve written notice of breach and default upon Developer and the financial institution holding the bonds. 28. Breach of Agreement: Performance by Cita. If the City gives Developer notice, under Section 27, of breach and default of this Agreement, the City may proceed to complete the Work by contract or other method the City considers advisable, using the security set forth in Section 15. 1, as applicable. City, without liability for doing so, may take possession of and utilize in completing the Work and repairs, if any, such materials and other property belonging to Developer as may be on or about the Property and necessary for completion of the work. In the event of default, the financial institution holding the bonds shall also be liable to City to pay the face amount of the bonds, as specified under Section 15. 29. Remedies. City may bring legal action to compel performance of this Agreement and recover the costs of completing the Work and/or repairs, if any, including City's administrative and legal costs. Developer agrees that if legal action is brought by City under this section of the Agreement, Developer shall pay all of the costs of suit, reasonable attorney fees, arbitration costs and such other costs as may be determined by the court or arbitrator. No failure on the part of City to exercise any right or remedy hereunder shall operate as a waiver of any other right or remedy that City may have hereunder. 30. Final Drawings. Upon completion of the Work and prior to final acceptance, Developer shall deliver to City a set of "as -built" drawings. These drawings shall be in a form acceptable to the City Engineer, shall be certified as being "as -built" and shall reflect the Work as 8 actually constructed, with any and all changes incorporated therein. Said drawings shall be signed and sealed as accurate by the engineer of record. 31. Attorney Fees. Should any legal action or arbitration be brought by either party because of breach of this Agreement or to enforce any provision of this Agreement, the prevailing party shall be entitled to all costs of suit, reasonable attorney fees, arbitration costs and such other costs as may be determined by the court or arbitrator. 32. Notices. Formal written notices, demands, correspondence and communications between City and Developer shall be sufficiently given i£ (a) personally delivered; or (b) dispatched by next day delivery by a reputable carrier such as Federal Express to the offices of City and Developer indicated below, provided that a receipt for delivery is provided; or (c) if dispatched by first class mail, postage prepaid, to the offices of City and Developer indicated below. Such written notices, demands, correspondence and communications may be sent in the same manner to such persons and addresses as either party may from time -to -time designate by next day delivery or by mail as provided in this section. City: City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 Attn: City Manager with a copy to: City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 Attn: City Attorney Developer: SOMO Village, LLC P.O. Box 7087 Cotati, CA 94931 Attn: Brad Baker with a copy to: SOMO Village, LLC 1400 Valley House Road, Ste 110 Rohnert Park, CA 94928 Attn: General Counsel Notices delivered by deposit in the United States mail as provided above shall be deemed to have been served two (2) business days after the date of deposit if addressed to an address within the State of California, and three (3) business days if addressed to an address within the United States but outside the State of California. 33. Transfers; Assignments. Developer may assign its obligations under this Agreement to only with the prior written approval of the City. In connection with any such assignment, Developer and its assignee shall execute and deliver to City a written assignment and assumption agreement in a form acceptable to the City Attorney. 34. Binding pon Heirs, Successors and Assigns. The terms, covenants and conditions of this Agreement shall be binding upon all heirs, successors and assigns of the parties hereto; provided, however, that this Agreement shall not be binding upon a purchaser or transferee of any portion of the Property unless this Agreement has been assigned pursuant to Section 33, in which event this Agreement shall remain binding upon Developer. 35. Ileadings. Section headings in this Agreement are for convenience only and are not intended to be used in interpreting or construing the terms, covenants or conditions contained in this Agreement. M 36. Severability. If any provision of this Agreement is held, to any extent, invalid, the remainder of this Agreement shall not be affected, except as necessarily required by the invalid provision, and shall remain in full force and effect. 37. Entire Agreement. The terms and conditions of this Agreement constitutes the entire agreement between City and Developer with respect to the matters addressed in this Agreement. This Agreement may not be altered, amended or modified without the written consent of both parties hereto. 38. Governing, Law; Venue. This Agreement shall be construed and enforced in accordance with the laws of the State of California, without reference to choice of law provisions. Any legal actions under this Agreement shall be brought only in the Superior Court of the County of Sonoma, State of California. 39. Authority. Each party executing this Agreement on behalf of a party represents and warrants that such person is duly and validly authorized to do so on behalf of the entity it purports to bind and if such party is a partnership, corporation or trustee, that such partnership, corporation or trustee has full right and authority to enter into this Agreement and perform all of its obligations hereunder. 40. Time is of the Essence. Time is of the essence of this Agreement and of each and every term and condition hereof. 41. Runs with the Land; Recordation. This Agreement pertains to and shall run with the Property. Upon execution, this Agreement shall be recorded in the Official Records of Sonoma County. IN WITNESS WHEREOF, this Third Amendment has been entered into by and between Developer and City as of the day and year first above written. Approved as to Form: By: City Attorney Attest: By: City Clerk CITY: City of Rohnert Park, a municipal corporation IM Darren Jenkins, City Manager Authorized by Ordinance No. approved by the Rohnert Park City Council on April 1018. [Signature Must be Notarized] DEVELOPER: SOMO Village, LLC, a Delaware limited liability company By: Name: Bradley E. Baker Title: Manager [Signature Must be Notarized] 10 ACKNOWLEDGMENTS A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On 20_ before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: (seal) ****************************** A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF On _ _ 20_ before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: _.` (seal)