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HomeMy WebLinkAbout119-89 RESOLUTION NO. 119-89 APPROVING ADDENDUM TO DEVELOPMENT AGREEMENT FOR TASSAJARA RANCH AND THEREBY CONSENTING TO THE ASSIGNMENT OF RIGHTS AND RESPONSIBILITIES FROM THE J. G. TASSAJARA ASSOCIATES TO J. G. VENTURE II A. On May 6, 1987, the Town approved and entered into a Development Agreement between the Town of Danville and Tassajara Partners, Fredricks Development Corporation and Presley of Northern California, Inc. (by Ordinance No. 112). The Development Agreement was recorded in the office of tile County Recorder on May 26, 1987, at book 13663, page 576. On August 15, 1988, the Town Council consented to the assignment of rights to South Hill Partners, Ltd. B. The Development Agreement sets forth certain rights and responsibilities for the developers. The Development Agreement provides in section 3 that rights may be assigned without the consent of the Town. However, such assignment or transfer does not relieve the transferor from liability or obligation unless the Town consents in writing. C. J. G. Tassajara Associates has sold certain of its real property to and assigned its rights under the Development Agreement to J. G. Venture II, and requests that the Town consent to this assignment. D. The Town staff has prepared an Addendum to the Development Agreement to be recorded which confirms the assignment. A copy is attached to this Resolution. NOW, THEREFORE, the Town Council of the Town of Danville resolves that: 1. The Addendum to the Development Agreement is approved and the Mayoz' is authorized to sign the Addendum. 2. After all parties have signed the Addendum, the city Clerk is directed to record it in the office of the County Recorder. PASSED, APPROVED AND ADOPTED this 7thday of AUg]]~ , 1989 by the following vote: AYES: GREENBERG, RITCHEY, SCHLENDORF NOES: NONE ABSENT: JAGGER, LANE ABSTAIN: NONE // ~ MAYOR ATTEST: C i~y~ L~K~/~,~ APPROVED AS f_T~D~FfYRM~. ........ ~ ~TY ATTORNE~ ..... ~ .... ~ · ...... Recording Requested by and When Recorded Return to: City Clerk Town of Danville 510 La Gonda Way Danville, CA 94526 ADDENDUM TO DEVELOPMENT AGREEMENT FOR DEVELOPMENT OF TASSAJARA RANCH This Addendum is entered into between the Town of Danville, the J. G. Tassajara Associates ("assignor") and J. G. Venture II ("assignee"). This Addendum is based on the following facts: A. On May 6, 1987, the Town approved and entered into a Development Agreement between the Town of Danville and Tassajara Partners, Fredricks Development Corporation and Presley of Northern California, Inc., for development of Tassajara Ranch. (Ordinance No. 112) B. The Development Agreement was recorded in the office of the County Recorder on May 26, 1987, at Book 13663, page 576. C. J. G. Tassajara Associates has assigned its rights under the Development Agreement to its successor, J. G. Venture II, as permitted by Section 3 of the Development Agreement. D. J. G. Tassajara Associates (the assignor), J. G. Venture II (the assignee) and the Town wish to record their consent to this assignment by this Addendum. NOW, THEREFORE, the parties agree as follows: 1. J. G. Tassajara Associates has conveyed to J. G. Venture II all of its real property within the Tassajara Ranch area located in the Town of Danville, Contra Costa County, California~ more particularly described in Exhibit A attached to this Addendum. 2. J. G. Tassajara hereby assigns, transfers and sets over to J. G. Venture II all of its right, title and interest in and to the Development Agreement. 3. Jo G. Venture II assumes all of J. G. Tassajara Associates' obligations under the Development Agreement for the real property described in Exhibit A. This assignment shall be binding on and inure to the benefit of the parties and their respective successors and assigns. 4. The Town of Danville consents to this assignment. IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the latest date of any signature below. TOWN OF DANVILLE, a municipal corporation Susanna Schlendorf, ~ayor Date J. G. TASSAJARA ASSOCIATES, a California Corporation * By / Date Its: J. G. VENTURE II, a California Limited Partnership * :By / Date Its: / Date * Notarial acknowledgment required ASSIGNMENT AND ASSUMPTION AGREEMENT This ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Assignment") is made as of May 31, 1989, between JG TASSAJARA ASSOCIATES, a California limited partnership ("Assignor") and JG VENTURE II, a California general partnership ("Assignee"). RECITALS Concurrently with the execution of this Assignment, Assignor is conveying to Assignee that certain property in Tassajara Ranch Subdivision 6878, Danville, California (the "Subdivision") described in Exhibit A attached hereto (the "Propertyu') pursuant to the terms and conditions of that certain Real Property Purchase and Sale Agreement dated May 30, 1989, between Assignor and Assignee (the "Purchase Agreement"). The Property consists of all the lots in Phase III of the Subdivision, one lot in Phase IV (ie., Lot 24) and Lots 249-255 in Phase II of the Subdivision. Prior to the conveyance of the Property to Assignee, Assignor and/or its predecessors in interest to the Property entered into various agreements involving the entire Subdivision prior to the recordation of final subdivision maps for Phase II, III and IV of the Subdivision. Accordingly, while various provisions in these agreements affect each lot in the Subdivision (including those acquired by Assignee), other provisions affect the Subdivision as a whole. The purpose of this Assignment is for Assignor to assign to Assignee and for Assignee to assume from Assignor those rights, title, interests, obligations and duties to the extent they affect each lot in the Property. AGREEMENT NOW THEREFORE, in consideration of the mutual covenants contained herein and for good and valuable consideration, the adequacy and receipt of which are hereby mutually acknowledged, Assignor and Assignee agree as follows: 1. Assignment. 1.1 Assignor hereby assigns, transfers and sets over to Assignee all of Assignor's rights, title and interests in and to the Subdivision Improvement Agreement for Subdivision 7134, Tassajara Ranch, Unit 3 (the "Subdivision Improvement Agreement"). In addition, Assignor hereby assigns, transfers and sets over to Assignee all of Assignor's rights, title and interests in and to the contracts, agreements, plans and other documents described in Exhibit B attached (collectively, the "Contracts"). 1.2 From and after the date of this Assignment, Assignee hereby accepts the assignment of Assignor's interest in -1- BJE90018/d2/061989 the Subdivision Improvement Agreement and the Contracts and hereby assumes all of the obligations and duties of Assignor thereunder. 2. Indemnity. 2.1 Assignor agrees to and does hereby indemnify, defend and hold Assignee harmless from and against any and all loss, liability, damage, cost or expense, including reasonable attorneys' fees, arising out of or in connection with the obligation of Assignor under the Subdivision Improvement Agreement and the Contracts prior to the date of this Assignment. 2.2 Assignee agrees to and does hereby indemnify, defend and hold Assignor harmless from and against any and all loss, liability, damage, cost or expense, including reasonable attorneys' fees, arising out of or in connection with the obligations assumed by Assignee hereunder from and after the date of this Assignment. 3. Attorneys' Fees. In any dispute between the parties concerning this Assignment, whether or not resulting in litigation or any appeal therefrom, the prevailing party shall be entitled to recover from the other party all reasonable costs, including, without limitation, reasonable attorneys' fees. "Prevailing parties" shall include without limitation (1) a party who dismisses an action in exchange for sums allegedly due; (2) the party who receives performance from the other party of an alleged breached covenant or desired remedy where such performance is substantially equal to the relief sought in an action; or (3) the party determined to be the prevailing party by a court of law. 4. Successors and Assigns. This Assignment shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of the date first above written. "ASSIGNOR" JG TASSAJARA ASSOCIATES, a California limited partnership By: THE JONATHAN GROUP, INC., a California corporation, its general partner /*/Its: Se~cretary -2- BJE90018/d2/061989 "ASSIGNEE" JG VENTURE II, a California general partnership By: JG TASSAJARA ASSOCIATES, a California limited partnership, its general partner By: THE JONATHON GROUP, INC., a California corporation, its general partner j~', // By By: HOME CAPITAL CORPORATION, a California corporation, its general partner Its: Project Manager Its: ~J, ! . ~' BJE90018 -3- BJE90018/d2/061989 Consent to Assignment The Town of Danville hereby consents to the Assignment by JG TASSAJARA ASSOCIATES, a California limited partnership, to JG VENTURE II, a California general partnership, of the rights, title and interests in the Subdivision Improvement Agreement and in the Contracts listed in Exhibit B attached. TOWN OF DANVILLE f By ' ' '" ' " i??? BJE90018 -4- BJE90018/d2/061989 fro2 Order No. 756060 PRO-FORMA Page 7 LEGAL DESCRIPTION REAL PROPERTY in the City of Danville, County of Contra Costa, State of .. California, described as follows: PARCEL ONE: Lots 1 through 7, inclusive, as shown on the Map of Subdivision 7133, Tessalate Ranch Unit 2, filed MaY 25. 1989 , in Map Book 333 , Page 42, Contra Costa County Records. PARCEL TWO: Lots 1 through 84, inclusive, and Parcel A, as shown on the Map of Subdivision 7134, TassaJara Ranch Unit 3, filed May 25, 1989 , in Map Book 333, Page 47, Contra Costa County Records. PARCEL THREE: Lot 4, as shown on the Map of Subdivision 7135, Tessalate Ranch Unit 4, filed , in Map Book , Page , Contra Costa County Records. Portion of A.P. 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'~ O ~TI~Ilio#IqPI[L,~MA Sq4~ TOWN OF OANVILLIJ C~iTRA ~ZTA COUNTY CALIFORNIA ~d~ ~ ' {I{)UNO {mO~N [ JL~ /40' [ 0 I., K.or.l.,~,....( MAJORS ENGINEERING, INC. · ~,'W()~) LG(. Fnma oA&m [*"u(xr IO0 PARK PLACE SUITE 220 ,q/S']Ou"J, p.u.*. ~m.,:m'ltnv,r*$[ulalr SAN RAMON. CALIFORNIA 94.583- 1699 ' IIZ l/ · IUIOIVISION ~OA*IIT · FOU~O n,lmL.(~ S~,~l (415) 620-2423 --t1-'-- STRiET Olq l~O C~.NTIALINI[ NOVEMS(Ro I$M SCALit; i" · 40' -- --e--- WONUMEN[ LiM RIGHt' (~ W&T AY~IOiqLGT LM ...... [A~&iirNT UM B.LSAS OF BEARINGS, Jkl-Ill ~kENr TO kCm4UW[NT -- ~ F10UNO $TJUd0AJ!O STIt([T Id[2~.Uid(#Lr$ CN TASSJ.~(JI, A (S"WI SdmJx[ 110 I~INUMENT RANCN ~N[ ill tlad0MIN OM YAIIOiVISION ilt'I. 3.t,t W 44 --JlIL~iI- $4LCTIOJd C~qN(N. ~ Sd[T ~OI~ING F1DU~O TAKZN AS # 17*00'GO' [ CJkL. IFORNiA COOAOINAT[ I~ fTI[:M Z0N[ T'n'. IS!l[ $IdLIL'T · I J4.4. ~'lTKl[S &S JHOWW &AlL I ~ LR( G~ClJ#0 ~lSTAN;lr3. 1~0 CONVIAl' TO G.qlO OIVl0( } "J 8 8V I.nnnl(X)S. · a , , · , . . ~o,~ .,. '~,,,,'~,'9°',~",~;?,,,.~' ~=,,~ ,,.~ ~,.,,.,,-~ ,1~. ' i '- ~-', . ' · ~ · ' ,. ~ - ;,~ ~- ' d.~7'~' ' · ' t ' '~zr f tg .~ ' U~ T,'t ......... ' ..... ! ~',~';~")' I-s~'u~' c'~s~"',',T/L"' ~4~;~2~o~*'~m'~,~':~ ~f- -&~:-~-/ ..... / l '' . ~ ',,,~--~.z~'-- ~-~;,oo' - .,~,~.=' _1.~%~o-'~....~ a'~ R a a,'G'.~3.~,.¢,,e ~0--F- ~ . / I,--! ·., .~,~ ~;. · ~, · - . ~ · , ,~ ,cs~, ' ~' ~ ' ' ~u · ; <,~- · - . . SOUTH HILL PARTN£F. S { %'t,:- ~{~ ,o ID AJ)l I $ Kll$ 9161l OF{ '-m89 SHEET 6 OF 6 WE.~T RAN6£ ~' --""'""' ~'~ ' -~t~"UBDIVISION \ // /71.34 St(INs LLrGENO, ,C'/.. ~ t I ~ I / ~ oR ,.' a9 · ~' 2.3 · ~rt ~ ~ o,~w,.Le sro STREEt UOeu~ N T ~ OI'NER~JSE NOri(O .~ ~ 6 q~3 ,~7 ..... F, JSEMENT LINE ~, ~ ~r ~ ~ ,~ tM-ldlMO~U~T TO MOfeuuENT .t .~ '~ ~ IM-S) I~NT TO $PIF-E ....... IJ~) 0[/d0[(S RA,OtAL. LINE ,' - e,~ ~ _ _ _ zzz_ ~_ '_ _ 4 ....7L~'_'" ,,,.~'~ -,-'-, ~, ~' d.~ / 7 j ~ ~ ' ~ /-oo'7 ......... X~ ~ . BLENDERMAN DRIVE ~Q~ ~ THd[ EAST I. IN[OF SUSDNISION GaZe I)2Z M 31l 46 7~ ~)~)_~ .S F*~ ~, ~'~d; $ ~ t TAJ~£N AS NOO°SS'~'I[ CALIFORNIA COGROiKAT£ 94140 Sf'i SYSTEM ZONE ]ZZ. AI./. OIST~S AS .~-~OWN A~E GROUNO DISTANCES, TO GQNvERT TO GRID ~,,I ~ r: ?" ~v;,.oo'oo'e r~r) o,vioE aT ,.oeoloo~. = ~, ' . SUBDIVISION 71=o5 :'" ~ ,,~,, : ,,,,,~, "TASSAJARA RANCH UNIT 4" j .~ := · . ..,. · ~ ~ ' ~ ~ ~ t,~il //';,$'~:~ \ A RESUBDIVISIOH OF PARCEL'B'OF SUBDIVISION 7133 "' x' '6~ ~.-~.--sm~,,uz /$d~d ~G , M , ,, ANOAL$O PARC/L°C'OESUBOIVISION '~"~" ' 8' I s ~......~.-~ U s moo-7e el PH II, CONTRA COSTA COUNTY RECORDS. < I '- ', , ~T~',s'.' ~m' MAJORS ENGINEERING,INC. u) SEE m t e. ' SHEET 7 I:~),.'"'~'~ ./t~obo'-zzee,' .... (~z-'~"'~s°oabo' H'~s' I00 PARK Pt. ACE SUITE 2ZO I u, ; ~) -- ~';~m~' /~a7' SAN RAMON, CAUFORNIA 94585-1699 (~)25~' 901~00'aOOG' [~ 2"~-"~-,~J't4'z7'alos' (415} 820-Z4E'~ n ' A/en.~. c FEBRUARY .1986 SCALE, I". 40' CURVE 6 TRAVERSE DATA EXHIBIT B 1. Development Agreement between the Town of Danville and Tassajara Partners, Fredricks Development Corporation and Presley of Northern California, Inc. for development of Tassajara Ranch recorded in the Office of the Contra Costa County Recorder on May 26, 1987, at Book 13663, Page 576, and the Addendum thereto recorded on March 28, 1989, at Book 14963, page 701. 2. Agreement to Cover Cost Overruns (Tassajara Ranch Improvement Assessment District) between the Town of Danville, Tassajara Partners, The Presley Companies and Dura Style Homes, Inc. (Resolution No. 70-88). 3. Reimbursement Agreement (Dedication of Park and Improvements by Tassajara Ranch) between the Town of Danville, Tassajara Partners, The Presley Companies and Dura Styles Homes, Inc. recorded on September 30, 1988 in the Official Records of Contra Costa County as Series No. 88-180502. 4. Agreement for Grading of Real Property dated June 27, 1988 between the Estate of Arthur Buzz Haskins, deceased, and South Hill Partners, Ltd., and the First Amendment to Agreement for Grading of Real Property dated May 31, 1989. 5. Joint Use and Maintenance Agreement dated May 15, 1989 between bas of Danville and H.R. Remington Properties L.P. and the Modification Agreement executed on May , 1989, between bas of Danville and H.R. Remington Properties L.P. 6. Contracts with Public Agencies and Public Utilities including East Bay Municipal Utility District, Central Contra Costa County Sanitary District, Contra Costa County Flood Control, and Pacific Gas & Electric Company. BJE90018 -5- BJE90018/d2/061989