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CORRESPONDENCE - Non-Agenda
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03/01/2022 Regular
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CORRESPONDENCE - Non-Agenda
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Exhibit C <br /> I <br /> I <br /> Mr. Scott Mayer <br /> County of Orange <br /> December 15, 2015, Page 4 <br /> i <br /> (c) Uses-Development Coordination. The permissible uses and the use restrictions <br /> contemplated in Section 33.2 ofthe Original Exchange Agreementto be imposed on the SOCCCD <br /> Exchange Parcel upon the close of the Exchange wi ll also be incorporated into the Ground Lease. <br /> In addition, the requirements of Section I I of the Original Exchange Agreement concerning <br /> development coordination will be incorporated into the Ground Lease (including the right of <br /> SOCCCD to review and comment on each set of Plans for the SOCCCD exchange Parcel prior to i <br /> submission of the same to the County Planning Department or the City). <br /> 4. Reimbursement Obligations. The County will reimburse SOCCCD for the costs <br /> described below within thirty(30) days after SOCCCD furnishes a demand therefor together with <br /> substantiation thereof reasonably acceptable to County to indicate that SOCCCD has expended <br /> funds in the amount requested to be reimbursed. The County's obligations to reimburse SOCCCD <br /> for certain costs are as set forth below: <br /> (a) Bell Avenue Co st yetion Costs. County will reimburse SOCCCD for one-half <br /> (tl2) of the actual amount of Shared Costs that SOCCCD is obligated to bear under the Dell <br /> Agreement. The amount ofCounty's obligation to reimburse SOCCCD for one-half of the Shared. <br /> Casts and for one-half of the costs of construction of the Common Access Point as provided in <br /> Paragraph 5(a) below shall not exceed Six Hundred Seventy-Five Thousand and no/100 Dollars <br /> ($675,000.00). SOCCCD has previously expended funds to cover the Standing ROW Deno Costs, <br /> which are included in the Shared Costs, in the amount of Two Million Seventy-Seven Thousand <br /> Two Hundred Twenty-Maur and No1100 Dollars ($2,077,224.00) for which SOCCCD is entitled <br /> to a credit of One Million Thirty-Eight Thousand Six Hundred Twelve and no/100 Dollars <br /> ($1,038,612,00) against its obligation to reimburse City for one-half of the Shared Costs, all as <br /> evidenced by that certain Memorandum of Standing ROW Demolition Costs and SOCCCD Credit j <br /> between SOCCCD and City. The Reimbursement Payment described above represents the <br /> payment by County of one-half of the amount of the credit already earned by SOCCCD. After the <br /> Closing, there will remain One Hundred. Fifty-Five Thousand Six Hundred Ninety-Four and <br /> No/100 Dollars ($155,694.00)to be paid by County to SOCCCD for Shared Costs to be incurred <br /> by City in the design and construction of Bell Avenue until County shall have paid the maxirnurn <br /> described above (the"Remaining Construction Reimbursement Obligation"). j <br /> I <br /> (b) Bell Avenue Utilities, The County is currently studying whether to install (at its <br /> expense)the wet and dry utilities serving the SOCCCD Exchange Parcel in Armstrong Avenue or <br /> in $ell Avenue, SOCCCD does not intend to install any dry utilities in Bell Avenue. SOCCCD <br /> has given City specifications for storm drain capacity and the Irvine Ranch 'Water District <br /> ("tRWD") specifications for potable water.reclairned water and sanitary sewer. If County elects ! <br /> to utilize any of such wet utilities serving the SOCCCD Exchange Parcel in Bell Avenue, then <br /> County shall indicate to City or IRWD, as applicable, specifications to increase the capacity of i <br /> such utilities to the extent necessary to accommodate the needs of the SOCCCD Exchange Marcel, <br /> In such event, the County will reimburse SOCCCD one hundred percent. (100%) of the actual <br /> ,additional costs incurred by SOCCCD for the increased capacity of wet utilities subject to a <br /> Page 4 of 11 <br /> 25C-29 <br />
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