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Home My WebLink AboutFIRST AMERICAN FINANCIAL CORPORATION (3)0 r,,(,)\,��,�,A",MEND M:ENT NO. I TO PROJECT INIRLEMENTATION AGREEMENT j THIS AMENDMENT NO. I TO PROJECT IMPLEMENTATION AGREEMENT ("Amendment") is made and entered into this 3 day of August, 1998 by and between the City of Santa Ana, a charter city and municipal corporation, duly organized and existing tinder the Constitution and laws of the State of California ("City") and J`HE FIRST AMERICAN FINANCIAL CORPORATION, a California corporation ("First American"). RECITALS A. City, First American, and MacArthur Place, LLC, a California limited liability company ("MacArthur Place") entered into that certain Project Implementation Agreement, dated as of April 6, 1998 ("Agreement"). All defined terms used in the Agreement are used in this Amendment unless otherwise stated. B. Pursuant to the Second Purchase Agreement, First American acquired all of MacArthur Place's right, title, and interest in the Alternative First American Acquisition Area and thus is the successor -in -interest to all of MacArthur Place's right, title, and interest in and to the Agreement. C. City and First American desire to amend the Agreement as set forth hereinbelow. AGREEMENT NOW, THEREFORE, in consideration of the foregoing Recitals, and the mutual covenants and promises hereinafter contained, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: I. Recitals Incorporated. The foregoing Recitals are incorporated herein and made a part hereof. 2. Replacement of Exhibit "B-I". Exhibit "B-l" to the Agreement, titled "Project Site Map" is hereby deleted and replaced with the Exhibit "B-l" to this Amendment as Attachment No. 1. 3. Replacement of Exhibit "C". Exhibit "C" to the Agreement, titled "Off -Site Improvements" is hereby deleted and replaced with the Exhibit "C" to this Amendment as Attachment No. 2. 4. Counterparts. This Amendment may be executed in counterparts which, when both of the parties hereto have signed this Amendment, shall constitute an original. 5. Effective Date. The Effective Date of this Amendment, when both parties hereto have signed this Amendment, shall be the latest of the dates set next to the signatures of the parties below, and such date shall be inserted into the preamble of this Amendment. 6. Ag7eement as Amended. Except as amended by this Amendment No. 1, the Agreement shall remain in Rill force and effect. IN WITNESS WFIEREOF, the parties hereto have entered into this Amendment as of the Effective Date. Date: 9- �' 'r ATTEST: Clerk I /tfc, VED AS TO I'MM: ttorney "CITY" CITY OF SANTA ANA, a charter city and municipal corporation By: - or Date: Date: THE FIRS"I'AMEMCAN FINANCIAL CORPORATION, a California corporation By: arker S. Kei4edy President By: Mark Amesen Secretary MAIN STREET f f 0 I f ' nl cou 01 l I �z �m I _ IMPERIAL PR ENAD I nn r- 1 a , f f m I r f 1[[[ f - C] 0 FIRST AMERICAN WAY �rOD fK `n m rq D � z 00 ST19 IFS ATTACSMENTU B-1 LEVEL I - 810,000 square feet 1A2 Provide eastbound widening on MacArthur to form the 160,000 continuation of the number 3 eastbound lane, east of Hutton Center Drive directly into the southbound SR-55 on -ramp eliminating the current "pinch". 1C Complete Columbine widening to four lanes including landscaped 340,000 median, street lights, sidewalk & parkway landscaping. 1N* At southeast corner Main/MacArthur intersection, add a northbound right 200,000 turn lane. Right-of-way and construction costs are to be shared with Hutton Center Development. 2A1 & 2A2 Route the southbound SR-55 off -ramp, desiring to travel west 300,000 west on MacArthur Blvd. through an enlarged signalized inter- section rather than long the existing right -turn diagonal roadway. These improvements will require the addition of two lanes and the modification of the traffic signal. These improvements will require Caltrans approval. 2D Widen MacArthur Blvd. to add a third westbound lane between 400,000 the southbound SR-55 Freeway off -ramp and the full width improvement east of Imprerial Promendade. Resurface/reconstruct the westbound lanes on MacArthur Blvd. between Main Street and the southbound SR-55 off -ramp per the material report. This work must be coordinated with Caltrans and may need to be constructed in two phases. IL At SR-55 northbound off -ramp to Dyer add a third lane to off -ramp. 100,000 2E Provide a minor signal modification by installing traffic loops and 50,000 signal heads and restriping on the northbound approach of Hutton Centre Drive at MacArthurto create a dual northbound right -turn lane and right -turn signal overlap. On -site improvements: 1,427,537 Cap First American Way with asphalt concrete between Imperial Promenade and existing terminus. Construct storm drain from Orange County Flood Control Channel to Columbine and between First American Way and Orange County Flood Control Channel; reactivate traffic signal at First American Way and Imperial Promenade including loops on west- bound approach, signal modification to provide northbound right turn overlap with westbound left turn and restriping; construct First American between existing terminus and Columbine and Majestic between Majestic East and First American Way**. The construction of First American Way and Majestic shall include four lanes, landscaped medians, street lights, sidewalks and parkway landscaping. `fi 5 .`_♦ :Y k .' �y �. �W }, �eh S N �`�Y4 f�_. - SUBTOTAL-.. .{;3.5$^J',4'��!�Qi .S'.'.tN.'-0�[V,L/VD 14-Aug-98 ATTACHMENT ".C" PAGE 1 of 2 George1Fatco.xls LEVEL II - 240,000 square feet 1 K At Hallday/Dyer intersection, convert existing westbound right turn lane 200,000 to a third westbound through lane at intersection 1 H* At southwest corner Main/MacArthur intersection, add an eastbound 250,000 120,000 right -turn lane and modify traffic signal as needed SUBTOTAL . LEVEL III - 300,000 square feet 1J At intersection of Main and Dyer convert existing northbound right -turn 300,000 lane to a through lane. La1 y'l-i j., m .99"OPQ LEVEL IV - 300,000 square feet 3A Construct Alton overpass at SR-55 and widen to four lanes between 12,000,000 Standard and Main Street. 3131 Widen Halladay to four lanes between Columbine and Alton. 7,500,000 3B2*** Install a traffic signal at Halladay and Alton 120,000 3C Widen Main Street to six lanes between Columbine and Warner. 1,700,000 3D Widen Dyer (southside) to provide three lanes between Halladay 2,100,000 and Main. *** Install traffic signals at the following impacted intersection when 360,000 warranted: Majestic Drive @ Imperial Promenade Majestic Drive @ Majestic East Drive @ Halladay Street vv :�i'��p V}.`I.'��-�. ��.��.WN'f � (Columbine SUI3TOTAL'��.��:,i��.� �....)_ •4 t _�Y Y,.f,. ,��. 3 ?��„_ ..c\�: �^�d�v"�14'wi �, -r �3�9„'i..Yi�v1i��i��. n {�/OL/ TOTAL 3,347,530 24,280,000 * = Denotes fee in lieu of constructing improvement or not to exceed cost to do as agreed between Developer and City. ** = The extension of Majestic shall be improved with development of that portion of lot 2 of of LLA 98-001, bounded by First American Way, Columbine and Majestic East. *** = Maximum contribution per intersection will be $120,000 ATTACHMENT "C" PAGE 2 of 2 George/Fatco.xls