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CC - Item 8D - Approval of Undertaking Agreement for Parcel Mat No. 66501-2512 Earle AvenueROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: JEFF ALLRED, CITY MANAGER DATE: JULY 27. 2010 SUBJECT: APPROVAL OF UNDERTAKING AGREEMENT FOR PARCEL MAP NO. 66501-2512 EARLE AVENUE SUMMARY Parcel Map No. 66501 is being submitted for consideration and approval along with an Undertaking Agreement to guarantee construction of public improvements subsequent to the recordation of the parcel map. Staff Recommendation It is recommended that the City Council approve Parcel Map No. 66501 and the Undertaking Agreement, and direct the City Clerk to arrange for the recordation of the map. ANALYSIS The Rosemead Planning Commission approved Tentative Parcel Map No. 66501 subject to Conditions of Approval that require the subdivider to construct new sewer laterals, driveways, and install survey monuments prior to recordation of the final map. If the public improvements are not constructed prior to recordation of the final map, the subdivider must execute an undertaking agreement and provide a Faithful Performance Bond and Labor and Materials Bond in an account estimated by the City Engineer. The undertaking agreement guarantees construction of the public improvements within two years. In lieu of surety bonds, the subdivider has provided a cash deposit in the amount of $6,900. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prep red By: Lucien J. e BI n , P. E. City Engineer Submitted By: Chris Marcarello Director of Public Works Attachment A: Undertaking Agreement Attachment B: Cash Receipt Copy Attachment C: Parcel Map No. 66501 ITEM NO. BL- APPROVED FOR CITY COUNCIL AGENDA: CITY OF ROSEMEAD UNDERTAKING AGREEMENT THIS AGREEMENT made and entered this 288 day of March . , 2010, by and between the CITY OF ROSEMEAD, State of California, acting by and through its City Council, hereinafter referred to as "CITY" and Joan Q. Hang (NAME) 2512 Earle Ave., Rosemead, Ca 91770 (ADDRESS) hereinafter called the "CONTRACTOR." WITNESSETH: FIRST: The CONTRACTOR, for and inconsideration of the approval of the final map of that certain land division known as Parcel Map 66501 hereby agrees, at the CONTRACTOR'S own cost and expense to furnish all labor, materials, and equipment necessary to perform and complete, and within twenty-four (24) months from the date of filing of said map, to perform and complete in a good and timely manner, the following work, to wit: Construct sewer laterals, driveways, and install survey monuments. Said work shall be done to the satisfaction of the City Engineer and shall not be deemed complete until approved and accepted as completed by the City Council of the CITY. The estimated cost to do all work and furnish all materials necessary to complete the work is $4,600. SECOND: The CITY shall not nor shall any officer or employee thereof, be liable or responsible for any accident, loss, or damage happening or occurring to the work specified in this agreement prior to the completion and approval of same; nor shall the CITY, nor any officer or employee thereof, be liable for any persons or property injured by reason of the nature of said work, or by reason of the acts or omissions of the CONTRACTOR, his agents, or employees, in performances of seid work. All of said liabilities shall be assumed by the CONTRACTOR. The CONTRACTOR further agrees to protect and hold harmless the CITY, its officers, and employees, in performance of said work. All of said liabilities shall be assumed by the CONTRACTOR. The CONTRACTOR further agrees to protect and hold harmless the CITY, its officers, and employees, from any and all claims, demands, causes of action, liability, or loss of any sort because of, or arising out of, the acts or omissions of the CONTRACTOR, his agents, and employees, in the perfo. mance of this agreement, or arising out of the use of any patent or patented article, in the performance of said agreement. THIRD: The CONTRACTOR hereby grants to the CITY, the Surety upon any Bond, and to the agents, employees, and CONTRACTOR or either of them, the irrevocable permission to enter upon the lands of the subject land division forthe purpose of completing the work. This permission shall terminate in the event that the CONTRACTOR or the Surety has completed the work within the time specified or any extension thereof granted by the City Council. FOURTH: It is further agreed that the CONTRACTOR shall have the control of the ground reserved for the installation of said work, and the streets in which they are to be placed, as is necessary to allow him to carry out this agreement. FIFTH: Contemporaneously with the execution of this Agreement, CONTRACTOR shall file with the CITY a Cash Deposit in the amount of Six Thousand-Nine Hundred Dollars ($6,900) to guarantee faithful performance of all the provisions of this agreement and for the payment of all persons performing labor and furnishing materials in connection with this agreement. If the Cash Deposit, in the opinion of the CITY, becomes insufficient, CONTRACTOR agrees to renew said Cash Deposit within ten (10) days of the receiving notice the said Cash Deposit is insufficient. SIXTH: If the CONTRACTOR neglects, refuses, or fails to prosecute the work with such diligence as to ensure its completion within the time specified, orwithin such extensions of said time as have been granted by the City Council, or if the CONTRACTOR violates or neglects, refuses, or fails to perform satisfactorily any of the provisions of the plans and specifications, he shall be in default of this agreement and notice in writing of such default shall be served upon him and upon any Surety in connection with this contract. The City Council shall have the power, on recommendation of the City Engineer, to terminate all rights of the CONTRACTOR or his Surety then existing or which thereafter occur because of such default. The determination by the City Engineer of the question as to whether any of the terms of the contract or specifications have been violated, or have not been performed satisfactorily, shall be conclusive upon the'CONTRACTOR, his Surety, and any and all other parties who may have any interest in the contract or any portion thereof. The foregoing provisions of this section shall be in addition to all other rights and remedies available to the CITY under law. SEVENTH: In case suit is brought upon, this contract, the CONTRACTOR hereby agrees to pay to the CITY a reasonable attorney's fee to be fixed by the Court. EIGHTH: It is further agreed by and betw•:en the parties hereto, including the Surety or Sureties on any Bond attached to this contract; that in the event it is deemed necessary to extend the time of completion of the work contemplated to be done underthis contract, said extension may be granted by the City Council, either at its own option, or upon request of the CONTRACTOR, and shall in no way affect the validity of this contract or release the Surety of Sureties on any Bond attached hereto. IN WITNESS THEREOF, the parties hereto for themselves, their heirs, executors, administrators; successors, and assigns do hereby agree to the full performance of this agreement and affix their names, titles, and seas this day as above indicated. nn c= COMM. #1806253 my W Nary PUWW4dSOnYe LOS ANGELES COMM QIMY Cmm EV.AXY 12, 291 (Seal) 4/1 6AT7 Note: By By SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC. (ATTACH APPROPRIATE ACKNOWLEDGEMENTS) By , Mayor of the City of Rosemead Attested City Clerk of the Cityof Rosemed CERTIFICATE OF ACKNOWLEDGMENT State of California ) County of e s ) On o3 -a8- ,-~o,o before me, - lyl ~ CH14-ti6, A~ kwki LULL( . Date (here insert name and title of the o ce personally appeared T - <Joczl'1 0'. who proved to me on the basis of satisfactory evidence to be the person (4 whose name (s) is/a-P& subscribed to the within instrument and acknowledged to me that-he/she/executed the same in 4is/her/tht+r authorized capacity Oes), and that by 4i-5/her/#e+r-signature W on the instrument the person fs, or the entity upon behalf of which the person-{4r acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. IVY CHANG COMM. #1806253 ~n N Hotoy PumWcawwrim W LOS ANGELES C0JM My Cmm Exp. JULY 12, 2812 Signature z1_4 j11t'1r'-e Place Notary Seal Above Sig t re of Notary ~lic RECEIPT FOR PAYMENT CITY OF ROSEMEAD N~ 14518 8838 EAST VALLEY BOULEVARD ROSEMEAD, CA 91770 626.569.2100 (M - TH 7:00 - 6:00 PM) Name: Address: Dept\By: For: AMOUNT 6 A00-co Total S (n~ w_ TRAN TRAIN CODE DESCRIPTION CODE pESRIPTION 710 Building Permit Fees 100 Refun a Deposits 713 Strong Motion Fees 820 Buildin /Fe R al/ u v , rr/ 720 Public Works Permits 843 Class egistrati / 712 Occupancy Permits (Bldg) 844 Excursions 702 Site/Sign Plan Review Fees 821 Sr Lunch Frog (RCRC) 700 Occupancy Permits (Plan) 822 Sr Lunch Prog (GCC) 701 Wildlife Exemption Fee 123 Miscellaneous Revenues G`7 1 "L 4:5C Y < F'~V-C_ t2 E~ ~ 1 I~~ CJ~ Cp- 61 ~ ~ 2 PARCELS GROSS: 13,500 SF. PARCEL MAP NO. 66501 IN THE CITY OF ROSEMEAD COUNTY OF LOS ANGELES, STATE OF CALIFORNIA BEING A SUBDIVISION OF A PORTION OF THE RANCHO POTRERO GRANDE, AS PER MAP RECORDED IN BOOK 54 PAGES 57 AND 58 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. SUBDIMDER'S STATEMENT: I IERBY sTA¢ ma 1 w TK B.mLmER w M: Ora wlAm NTIDI n[ SADBN~I BADMI w ~ MAF Mn« n[ miwLmE eGwm IrRS uo 1 GOAXI ro TIE IRPAMTYN nD M3AD w sAm uw Am BABVSCN JOAN 0. NANO. SUBDIMCfA O HA RECORD OWNER: RECORD OMNER IS JOAN Q. HANG STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) DM SuI. 31 DND $ BEFORE ME NY CNAN4 NOTARY UBUL PERSCNATTY APPEARED .WAN O. HANG VM0 PROVED M NE ON ME BASS OF GATSFACTORY EVIDENCE TO BE ME PERSON MNOSE NAME IS SUBsCAIBEO TO ME wMw INSTRUMENT AND A... I BE MAT SHE MOLTED ME SAME IM HER AUTHORIZED CAPACITIES AND MAT BY HER SIGNATURE ON ME INSTRUMENT, ME PERSON. ON ME ENTITY UPON BEHALF OF MULCH ME PERSON ACTED. EXECUTED ME INSTRUMENT. UNDER PENALTY OF PERJERY PARAGRAPH 3 TRUE O AND EDRRSLT. OF ME STATE OF OALFCRNIA I CERTIFY THAT WE F W 1 TUE.N HT WORD - - - - - -w Z Yw III" [kAA14 AL PRINCIPAL PLACE OF BUSINES Is IN r<sYtlfJ~`I 'gy"m"' LOS AXGPER COUNTY. MY COURISEE N Nn I9p053 BASIS OF BEARINGS. ME DEABWGS SHOMN THEREON ME BASED ON ME BEARING NONFAT 451 OF ME CENTER LINE OF FERN AKMAE SHOMN As ME SOUTHERLY NONE OF MACY NO. 5142 PER MACY NO.: 5342 uR s5-T). RECORD MINERAL RIGHTS HOLDER: CNA NEMERBY AND OSCAR H MEMERBY. WIDDESSOR OR ASSIGNEE ME CORNEAS OF OL AND MINIMAL RIGHTS BY DEED RECOKI MARON B. 1934 AS INSTRUMENT NO, SM1-CJ TOiRENS. SCALE: 1"= 30' ED m. L MAD. FLIISN_SIER CITY T.1 IH-Na WTAY I~ 25' 25, ENGINEER'S STATEMENT: SHEET 1 OF 1 SHEETS MIS MAP WAS PREPARED BY YE M UNDER MY DIRECTION AND IS BASED UPON A PEW SURVEY W CONFORMANCE WIN ME REWIREMENTE OF ME SLODIVOON MAP ACT AND LOCAL ORDINANCE AT ME REDDEST OF JOAN D. NANG ON JULY ]D, 2005, HENRY STATE MAT MIS PARCEL MAP SUBSTANTALLY CONFORMS TO WE CGAGMa ALLY MPROKD TENTATIVE MAP, IF ANY: MAT ME MOUMENTS OF ME CHARACTER AND LOCATIWS -a- NEIIECN MILL BE IN PLACE MMIN TWENTY-FOUR MONTHS MOM ME MIND CAM OF MI5 MAP. MAT SAID MONUMENTS ARE SUFFICIENT TO ENABLE ME BARNEY TO BE RETRACED. BATED, s/NO / ~Z\ t U~~ E%PINE'i 8-30-2005 MU- CITY ENGINEER'S CERTIFICATE I HEREBY CERTIFY MAT I HAVE EXAMINED WE NAP. THAT FE COUPONS SUBSTANTIAUY TO ME TENTAIVC MAP AND ALL APPROVED ALTERATDNS THEREOF: MAT ALL PROMEIONS OF STIRwNBCN ORDINANCES OF ME Ott OF ROSCIIEAO. APPLICABLE AT ME TIME OF APPROVAL OF ME TENTATW MAP HAVE BEEN COMPUEO MM: AND ALL PROVISIONS OF ME SUBDIVISION MAP ACT SECTOR B5u1 (o) (L). (1) AND (5) HAVE BEEN COUPLED BETH. DATED:aM,JL Z 2u1o U?OFC'A~'~ Gf R054EAD %PWEC SPECIAL ASSESSMENTS CERTIFICATE I HEREBY CERTIFY' MAT ALL FEOK ASEESSUENTS IEVED UNDER ME JNLSOCRON OF ME Cn $IR fill I'D TO MMM THE VND MCL . IN ME W TYN SUROM9LN OR ANY PART THEREOF IS O IB.ECT. AMID M HDJ MAT BE PAD W RAL HAVE SEEN PAD IN PC- DATE Orr LTERN -CITY DF NOSEUEAO CITY SURVEYOR'S STATEMENT: I HEREBY CERTIFY MAT I HAVE E%AMWED MIS MAP AND NAVE FGANO MAT IT CONFORMS MM MAPRNG PRONAONS OF ME SUBOm510N MAP ACT AND MAT 1 AM SATISFIED MAT THIS MAP 15 TECHNICALLY CORRECT. DATiI: OIST08-B.4 4~eg 3 nyWm Iw ~ 0. ¢ J a [WC OT( T OF INR EYO L.S. NO. 530I µ PER a, Q Z OF P]Y O ROSEMEaO EXPIRES 12-314008 ~Eml W4j / TIE SB-]f] J> - H~CKL 1//- 5 a 4820' AAp@' FERN -SAVEE fuoo FD SwrtDN i¢ 3-3- q DEN, F~J~6S• PCR :i crtiFTIE Y WE OF NYT.M n1.. IDTAB 4PEIXL URBAN W~ AAS - 44152 / m5m $ g NSID W 49451E g I R n e 1 'a Sr. ^ W I ~ 0)0Y Sf I € w 3 U]10' M 0>OV A5o0o' ' Eww 25' 25' D-LY LORE AG. IU. _ A99A4B]9M, REL. AUGUST lo. 1 4, EST. PEP S"D SPIO YFLE 3 N0T A PART OF N Y da DE W hEb o 'S a 3 THIS SUBOINSION o P.W. NAIL, I D H ED SPENV LA cv. wsx, PLR nn ED BEET., EUMN, iIE IT TIE 1\V 1-3-9B RLINGERHAN STREET _ _ _ _ .1 prti Q NDGRS UW ME LAG N H ffN INDICATES ME BOUNDARY OF THE LAND BEING SUBDIVIDED BY M15 MAP. ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION STAFF REPORT TO: THE HONORABLE CHAIRMAN AND COMMISSION MEMBERS FROM: JEFF ALLRED, EXECUTIVE DIRECTOR /M DATE: JULY 27, 2010 SUBJECT: UPDATE ON STATUS OF EXCLUSIVE NEGOTIATION AGREEMENT (ENA) FOR THE SALE OF THE GLENDON HOTEL SUMMARY On May 25, 2010, the Rosemead Community Development Commission approved an Exclusive Negotiating Agreement (ENA) with the Qiao Garden Group Real Estate Company, Ltd. (Qiao Garden Group) for the development of a Purchase and Sale Agreement of 8832 Glendon Way (Glendon Hotel). The term of the ENA provided an initial negotiation period of 90 calendar days, subject to one (1) 90 calendar days extension, within which the Commission and the Qiao Garden Group would work to develop a Purchase and Sale Agreement setting forth the specific terms related to the sale of the Glendon Hotel. The ENA is set to expire on August 22, 2010. Staff Recommendation It is recommended that the Community Development Commission extend the Exclusive Negotiating Agreement (ENA) with Qiao Garden Group Real Estate Company, Ltd. for the development of a Purchase and Sale Agreement of the Glendon Hotel for another ninety (90) calendar days beginning from August 23, 2010 (see Attachment A). ANALYSIS Over the last few months, staff has diligently been working with the Qiao Garden Group on the development of a Purchase and Sale Agreement for the Glendon Hotel. There have been several requests made by both parties that need to be completed before an agreeable Purchase and Sale Agreement can be entered. It is assumed that these tasks will take longer than the 90 calendar days provided for in the initial ENA to complete. Therefore, it is recommended that the Commission extent the ENA with the Qiao Garden Group for another 90-calendar days to expire on November 20, 2010. FISCAL ANALYSIS The sale of the property would generate onetime revenues of $4.4 million for the Commission. In addition, future property tax increment revenues will accrue to the Commission and TOT revenues will be realized by the City. ITEM NO. L APPROVED FOR CITY COUNCIL AGENDA: Community Development Commission July 27, 2010 Paoe 2 of 2 PUBLIC NOTICE PROCESS This item has been noticed according to the California Health and Safety Code Section 33490. Prepared by: 4W A a Michelle G. Ramirez Economic Development Administrator Submitted by: Stan Wong Community Development Director Attachment A: First Amendment to Exclusive Negotiation Agreement FIRST AMENDMENT TO EXCLUSIVE NEGOTIATION AGREEMENT This FIRST AMENDMENT TO EXCLUSIVE NEGOTIATION AGREEMENT ("First Amendment") is made as of this 27th day of July 2010, by and between the COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROSEMEAD, a public body, corporate and politic (the "Commission"), and QIAO GARDEN GROUP REAL ESTATE COMPANY, LTD (the "Purchaser"), and amends that certain Exclusive Negotiation Agreement ("Agreement") entered into by and between the Commission and the Purchaser on May 25, 2010. Section 1. Section 3.a. of the Agreement is hereby amended in its entirety to read as follows: "3. Negotiation Period. a. Negotiation Period. The term of this Agreement shall extend through and include November 20, 2010, subject to extension or termination as provided below (the "Negotiation Period")." Section 2. Except as expressly amended herein, all other terms and provisions of the Agreement are and remain in full force and effect. In witness whereof the parties have had their duly authorized officers execute this First Amendment this 27th day of July 2010. PURCHASER: QIAO GARDEN GROUP REAL ESTATE CO. LTD By: COMMISSION: ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION, a public body corporate and politic By: Gary Taylor, Chairman Lian Yue Song, President and CEO ENA - Qiao Garden Group Real Estate Co. Ltd 1 07272009 APPROVED AS TO FORM By: Joseph M. Montes Burke, Williams & Sorensen, LLP Commission General Counsel ATTEST: By: Gloria Molleda, Commission Secretary ENA - Qiao Garden Group Real Estate Co. Ltd 2 07/272010