25C - AGMT - ANIMAL SRVS - Laserfiche WebLink

Home Browse Search

Exhibit C Mr. Scott Mayer County of Orange December 15, 2015, Page 4 (c) Uses Development Coordination. The permissible uses and the use restrictions contemplated in Section 33.2 ofthe Original Exchange Agreementto be imposed on the SOCCCD Exchange Parcel upon the close of the Exchange will also be incorporated into the Ground Lease. In addition, the requirements of Section I1 of the Original Exchange Agreement concerning development coordination will be incorporated into the Ground Lease (including the right of SOCCCD to review and comment on each set of Plans for the SOCCCD Exchange Parcel prior to submission of the same to the County Planning Department or the City). 4. Reimbursement Obligations. The County will reimburse SOCCCD for the costs described below within thirty (30) days after SOCCCD furnishes a demand therefor together with substantiation thereof reasonably acceptable to County to indicate that SOCCCD has expended funds in the amount requested to be reimbursed. The County's obligations to reimburse SOCCCD for certain costs are as set forth below: (a) Bell Avenue Construction Costs. County will reimburse SOCCCD for one -half ('V2) of the actual amount of Shared Costs that SOCCCD is obligated to bear under the Bell Agreement. The amount of County's obligation to reimburse SOCCCD for one -half of the Shared Costs and for one -half of the costs of construction of the Common Access Point as provided in Paragraph S(a) below shall not exceed Six Hundred Seventy -Five Thousand and no /100 Dollars ($675,000.00), SOCCCD has previously expended funds to cover the Standing ROW Demo Costs, which are included in the Shared Costs, in the amount of Two Million Seventy -Seven Thousand Two Hundred Twenty -Four and Noll 00 Dollars ($2,077,224.00) for which SOCCCD is entitled to a credit of One Million Thirty - Eight Thousand Six Hundred Twelve and no /100 Dollars ($1,038,612,00) against its obligation to reimburse City for one -half of the Shared Costs, all as evidenced by that certain Memorandum of Standing ROW Demolition Costs and SOCCCD Credit between SOCCCD and City. The Reimbursement Payment described above represents the payment by County of one -half of the amount of the credit already earned by SOCCCD. After the Closing, there will remain One Hundred Fifty -Five Thousand Six Hundred Ninety -Four and No /100 Dollars ($155,694.00) to be paid by County to SOCCCD for Shared Costs to be incurred by City in the design and construction of Bell Avenue until County shall have paid the maximum described above (the "Remaining Construction Reimbursement Obligation "). (b) Bell Avenue Utilities_ The County is currently studying whether to install (at its expense) the wet and dry utilities serving the SOCCCD Exchange Parcel in Armstrong Avenue or in Bell Avenue. SOCCCD does not intend to install any dry utilities in Bell Avenue. SOCCCD has given City specifications for storm drain capacity and the Irvine Ranch Water District (`BRWD ") specifications for potable water, reclaimed water and sanitary sewer. If County elects to utilize any of such wet utilities serving the SOCCCD Exchange Parcel in Bell Avenue, then County shall indicate to City or IRWD, as applicable, specifications to increase the capacity of such utilities to the extent necessary to accommodate the needs of the SOCCCD Exchange Parcel, In such event, the County will reimburse SOCCCD one hundred percent (100 %) of the actual additional costs incurred by SOCCCD for the increased capacity of wet utilities subject to a 25C -29 Page 4 of 11