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HomeMy WebLinkAboutFOWLER DEVELOPMENT, INC. - 1975-08-185 RXIMBURSEMENT AGREEMENT 75-W1 � FOR; WATER MAIN EXTENSION THIS .AGREEM::NT made and entered into by and between the CITY OF HONTINGTON BEACH, a municipal corporation, hereinafter for convenirsnc[ referred to as "City,,: and FO LIR DEVELOPMENT CGMPANY, hereinafter for conv, .nience referred to as '''3uild.er , �s Builder., pursuant l:o agreement with City has, at his own. cast and expense, constructed 990 feet of s iz'7ch water line and 8'inch tees k. hereinafter refer:re.d to as facilities, and said facilities have been con- structed inconformity with the plans and specifications approved by the Director of Public Works of City, and have been dedicated to City, ,and ,City desires to reimburse Builder for a portion of the cost of the eon- struction of said facilities as provided by the Huntington Beach Municipal Code; and 4 NOUt THEREFORE, in consideration o-f the covenants and agreements h-erein containc3, the parties hereto agree as follows: Builder has Lonstructed, at a Natal cos',. of '$4,985.00 a water° line and, appurtenances to service the east side of Alabama between Springfield and Utica and adjacent 'properties. (See Exhibit "A" %ttached hereto and made a part. hereof for a +yap of the area served) and has dedicated said facilities to City. E The refund to .be paid to Builder under this agt-aement is as follows, Total jobcost of racily„ties $2,492.50 Less10 i.er Htnt-lnvton Beach Lunicikal Code, Section 14,20.060(c) 249.25 Net Refundable $2,243,25 Refunds shall be, payable for a period of five (5) years only from :. the dat-, of applicant's application for main lie extension. Refund.- shall bear zxo int i. est,. No ��fun4 shall be made by pity to Builder until t:he Director of Publ.io-'Works shall cewtify in writing, to the Finance Director that Builder A� enti:tiod to a re'runty by reason Of conrxectior; haAng been made to facilities u .. IZ71. 0 in accordance with the Huntington Beach Municipal Code, and that City has received the fee for such connection. City shall not be lieO.e for payment of refand by reason of its failure to collect or receive from any person or entity the connection fee. However, City agrees to use gocd faith to protect the interest of developers, eitilez-, individuals or entities, who have previously constructed si-,:Llar facilities, by collecting fees, either prior to �)r concurrent with the developmept-, or any property served by the facility -,onstructed undel: this agreement. --If a developer who develops property served by the facility constructa�i by Builder is required es a condition of development to construct additional facilities, City may allou, said developer credit toward the per acrea,',e fee consistent with this said agreement,- and no fees shall be due Buildoyr by reason of such construction. City further agrees to furnish a copy oa' this agreement t-,, *-be devel(.,per of any properties served by the facilities i described herein. z' In the event City does not require a developer to deposit the connection fee with the City prior to or concurrent with development, City will provide an agreement with said developer +-hat said developer is obli3ated, not only to the City, but to Builder, and to developers who have previously Contr4buted to the cost of construction of facilities constructed hereunder to deposit said fee w-ith City; said agreement will further provide that in the event that it becomes necessary to institute legal proceedings, either .by the City or by Builder or developers, who have previously contributed to the cost of such facilitieo, to enforce the rights of the parties thereunder, that the City shallbot be required to pay the attorney fees for any of the parties. it is undexatood tyat it is tot mandatory that the City institate legal proceedixigs to protect the int-irest of the Builder. 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V City of HuntingtonBeach P.O. sox too CAL�FORNJA 92648 ENGINEERING DEPARTMENT August 13, 1975 Honorable Mayor and City Council City of Runt,tngton Beach Attention David D , Rowlands City Administrator Subject-. Reimbursement Agreement Fowler Development Compaay Dear Council M,,zbers Transmitted herewith is a reimbursement agreement between the city of Huntington Beach and Fowler Develop- ment Company of Tustin for water facilities built in Alaharza Street. bet`ieen Springfield Pvenuo and vt ica Avenue. ryes will be cullo4,,�;ted from subsequent develop meat in the area to refund the $ 2 , 2 4 3.2 S to Faviler Development Cc npany I recommend your Uonr�rabl,e 1': ay execute the agreement. Very truly yours E, Iiartg Director of Public Works ate f j Trans. � ry '�YH'�` •--,:-aeusauzcixatii�"r3k3'" ciiYYk >t�xxyxi .,.,...,»r.�.sa.caaLJas•k':riEssta7a�7,�_