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75E - PH 2525 MAIN ST
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75E - PH 2525 MAIN ST
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Last modified
2/1/2019 4:04:49 PM
Creation date
2/1/2019 3:58:07 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75E
Date
2/5/2019
Destruction Year
2024
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input from the Santiago Park Neighborhood Association and may include, but not be limited to, bulb - <br />outs, traffic circles and medians within the neighborhood streets. <br />(2) Santiago Park Neighborhood entry monuments at Main <br />Street/Edgewood Road, Santa Clara Avenue/Lincoln Avenue, and Santiago Street/171s Street based on <br />input from the Santiago Park Neighborhood Association. <br />(3) Street lighting enhancements by replacing all existing non LED <br />light and/or fixture with LED light and/or fixture throughout the Santiago Park Neighborhood. <br />(4) A street light at the Santiago Park Drive / Main Street <br />intersection. <br />(5) Decorative concrete pavement within the intersection of Main <br />Street/Walkie Way and Main Street/Santiago Park Drive. <br />4.2.2 Public Improvement Maintenance Agreement. In the event the land <br />swap between OWNER and CITY, that is currently being considered, does happen, then <br />prior to receipt of final approval for occupancy or the Certificate of Occupancy, or such <br />later date as the land swap is completed, OWNER shall enter into a Maintenance Agreement <br />for OWNER to maintain, pursuant to CITY standards, the Santiago Park Drive <br />improvements installed pursuant to this Agreement including, but not limited to, roadway <br />pavement, curb and gutter, sidewalk, trees, tree wells, and landscaping. Such Maintenance <br />Agreement, if executed, shall terminate no later than 55 years following the Effective Date. <br />4.2.3 Graffiti Removal. OWNER shall also install and maintain graffiti <br />protection on new surfaces and shall, within 24 hours of discovery of graffiti, cause it to be <br />removed and associated restorations completed throughout the Project. <br />4.3 Development Imnact Fees. <br />4.3.1 Amount of Fee. The Development Impact Fees set forth in Exhibit <br />"D" shall be charged to the Project. These fee amounts are estimated and will be subject to <br />change based on the fee rate applicable at the time of issuance of the Building Permit. <br />4.3.2 Time of Payment. The fees required pursuant to Subsection 4.3.1 <br />shall be paid to CITY prior to the issuance of building permits for each residential unit. No <br />fees shall be payable for building permits issued prior to the Effective Date of this <br />Agreement, but the fees required pursuant to Subsection 4.3.1 shall be paid prior to the re - <br />issuance or extension of any building pentut for a residential unit for which such fees have <br />not previously been paid. <br />4.3.3 Fee Credits. OWNER shall be entitled to credit against the fees <br />required pursuant to Subsection 4.2.1 for the dedication of land, the construction of <br />improvements or the payment of fees as specifically set forth in Exhibit "E. <br />4.3.4 Future Development Impact Fee Program Changes. The Parties <br />hereby agree that, in addition to the Development Impact Fees included in Exhibit "D", the <br />Project shall be subject to any increase in fees, or amendment or alteration, of Development <br />Impact Fee programs in effect on the Effective Date. <br />-15- <br />55394.00002331553187.10 <br />75E-141 <br />
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