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HomeMy WebLinkAboutHuntington Beach Company - 1986-12-15 3v3 � fp EXEMPT 87-3 10 RECORD AT THE REQUEST OF AND AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH COMPANY RETURN TO OFFICE OF CITY CLERK CONCERNING HUNTINGTON BEACH COMPANY'S 2000 MAIN STREET ATLANTA AVENUE PROPERTY HUNTINGTON BEACH, CA 92648 This Agreement is entered into this day of December, 1986, at Huntington Beach, California, by and between the HUNTINGTON BEACH COMPANY hereinafter called "OWNER, " and the CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California, hereinafter called "CITY. " WITNESSETH WHEREAS, OWNER owns the Atlanta Avenue property described on Exhibit A attached hereto and hereinafter called the "Property" ; and WHEREAS, THE CITY would like OWNER to dedicate certain portions of the Property to the CITY for public use and development; and WHEREAS, in consideration of OWNER' s dedication of such portions of the Property, CITY is willing to install at CITY' s sole cost and expense certain public improvements on the dedicated portions of the Property. NOW, THEREFORE, the parties hereto agree as follows : 1 . Authority: Each party hereto represents to the other that it has full and complete authority to enter into this Agreement, and that each party hereto considers this Agreement to be fair, reasonable and advantageous to each, and this Agreement shall be binding regardless of the fact that the rights and obligations may be dealt with by successor legislative bodies of CITY. This document is solely for the official businoss of the City 1 . plate. url : °Joz':�;:.t,r�*. Cocu See. 6103 and should be recorded free of charge. 87 �A610 2 . Owner ' s Obligation: OWNER agrees to dedicate to CITY upon City' s demand, and CITY agrees to accept those portions of the Property necessary for public street Improvements , as said Improvements are hereinafter described, in Lake Street, Walnut Avenue and Atlanta Avenue as said streets are shown on Exhibit B, attached hereto . Said streets may be constructed in locations other than shown on Exhibit B by mutual agreement of OWNER and CITY. In the event the portions of the Property necessary for the Improvements have not been dedicated to the CITY within twenty (20 ) years of the date hereof, this agreement shall terminate and neither party hereto shall have any further obligation to the other hereunder . It is hereby agreed that OWNER's obligations dedicate for said streets -- - shall be limited as follows : a . Lake Street - Twenty feet (20 ' ) of property for widening Lake Street to a total width of Ninety five feet (95 ' ) . b . Atlanta Avenue - Thirty feet ( 30 ' ) of property for widening Atlanta Avenue to a total width of Ninety feet ( 90 ' ) . C . Walnut Avenue - Ninety feet (90 ' ) of property for widening Walnut Avenue to a total width of Ninety feet ( 90 ' ) . 3 . In consideration of OWNER making the above described dedication to CITY, CITY shall , at its sole cost , construct or cause to be constructed, all required public street improvements for Lake Street, Walnut Avenue and Atlanta where such streets adjoin or pass through the Property, and no costs for such improvements shall be imposed upon owner as a condition of any development . As used in this section, required public street 2 . 8 7°-311b f 0 improvements shall include, but shall not be limited to , excavation, grading, compacted base, asphalt paving, striping, concrete curbs, sidewalks, gutters and medians, water lines, fire hydrants, sewer lines and manholes, storm drains and inlet structures , street lights, signage, landscaping, and irrigation systems located within the public right of way, in accordance with Standard Plans of CITY (hereinafter collectively called "the Improvements" ) . The Improvements shall be installed concurrently with the development of the Property or any portion thereof for which any portion of the Improvements are required. CITY may install the Improvements or any portion thereof prior to the development of the Property. 4 . Processing Fees : No provision of this Agreement shall be construed to limit the authority of the CITY to charge processing fees for land use approvals, building permits, and other similar permits and entitlements which are in force and effect on a city-wide basis at the time those permits are applied for, except to the extent that any such processing fees would be inconsistent with this Agreement . 5 . California Law and Attorneys Fees : This Agreement shall be construed in accordance with the laws of the State of California. Should legal action be brought by either party for breach of this Agreement, or to enforce any covenants and there provisions herein, the prevailing party of such action shall be entitled to reasonable attorney fees and all costs including, but not limited to, court costs . 6 . No Joint Venture: The parties hereby renounce the existence of any form of joint venture or partnership between them and agree that nothing 3 . 87-3C3 00 contained herein, or in any document executed in connection herewith, shall be construed as making CITY and OWNER joint venturers or partners. 7 . Legal Challenge: In the event of any legal action instituted by any third party, or other governmental entity or official , challenging the validity of any of the provisions of this Agreement, the parties agree to cooperate in defending said action. 8. Best Interest : CITY has found and determined that execution of this Agreement is in the best interests of the public health, safety and general welfare, and the provisions of this Agreement are consistent with existing ordinances of the CITY. 9 . Notice: All notices required by this agreement shall be in writing and delivered in person or by certified mail , as follows : Notice to CITY shall be addressed as follows : City Administrator City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 Notice to OWNER shall be addressed as follows : Huntington Beach Company 2110 Main Street Huntington Beach, CA 92648 10. Amendments : This Agreement may only be amended by mutual written consent of the parties . 4 . 8 7-3W 10 11 . Duplicate Originals : This Agreement is executed in duplicate originals, each of which is deemed to be an original . IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized officers at Huntington Beach, California on the day, month, and year first above written. HUNTINGTON H COMPANY CITY OF INGTO B A H CIP COR I N V' resident May Secretary ATTEST: APPROVED AS TO FORM: City Clerk City tt rney /;� J's -r, REVIEWE D APPROVED: I IATED AND APPR ED: � �. Ci Adminis r De u y City Administrator Re velopment i 177iL 12/15/86 l 5. �anaa v[ c.f+l+1rUKNiA ) ss: COUNTY OF ORANGE ) 1 On this 44 day o ' �jC?/ , 19�� , before me, a Notary Public in and for saic County and State, personally appeared =&,r,K known to me to be the Mayor and ALtt L� �f. LA+f- hi►known to me to be the City Clerk of the City of Huntington Beach, the municipal corporation that executed the within instrument, known to me to be the persons who executed the within instrument on behalf of said municipal corporation and acknowledged to me that such municipal corporation executed the same. ..ti OFF"!AL SEAL �• WINN,i.' A BROCKWAY k '" NOTAR`r CUBI.IC -CAUFORNIA t i„V4�r {; nrt 444E OD N TY My c^mm. expire3 OCT IU, 1989 8 7-3 610 STATE OF CALIFORNIA ) ss. COUNTY OF ORANGE ) On this �q �h day of UP- C�f'f _ 1986, before me, the undersigned, a Notary Public in and for said State, personally appeared ' known to me or proved to me on the basis of satisfactory evidence to be the Yic_e. President , and known to me or proved to me on the basis of satisfactory evidence to be the ASSlslak Secretary - _ItC_._ of HUNTINGTON BEACH COMPANY, that executed the within instrument, and personally known to me to be the persons whose names are subscribed to the within instrument on behalf of such corporation, and acknowledged to me that such corporation executed the same pursuant to its by-laws or a resolution of its Board of Directors. WITNESS my hand and official seal. Signature: V 1,SZJlna,.UL&4__-, OFFICIAL SEAL THERESA KILLEEN �► ,,' Notary Public-California • ORANGE COUNTY Theresa Killeen µ My Comm. Exp.Jan. 26, tiggp 2110 Main St., Huntington Beach,CA 92648 Name (typed or printed) (This area reserved for official seal) My commission expires: 1/26/90 87-303610 EXHIBIT A DESCRIPTION OF ATLANTA PROPERTY A portion of Section 14, Township 6, Range 11 West, in the City of Huntington Beach, County of Orange, State of California, generally bounded by and extending to the centerlines of the following streets: Atlanta Avenue to the north; Huntington Avenue, to the east and southeast; Pacific Coast Highway (Ocean Avenue), to the southwest; and Lake Steet (First Street), to the west and northwest. 87. 303810 v FiECO DES OFFICIAL Rds OF ORANGE L TY. CALI JRNIA .gso PMAY 29 '87 A s > � " - rA REC ATLANTA vp m v 8003610 LLIFORNIA BEA-Ufl A&. AAP ATLANTA 40 44 3O FEET ATLAIMTA AVENUE PROPERTY 2u FEET"7 ae D 90 FEET D 0 l9 a�,C® EXE�IniT 2 REQUE* FOR CITY COUNC ACTION Date f)acPmhar In, 19M Submitted to: To Honorable Mayor and City Council Y G Gl�� VU�GI�- Submitted by: Charles W. Thompson, City Administrat r �V Prepared by: Paul E. Cook, Director of Public WorkD�? Subject: AGREEMENT WITH HUNTINGTON BEACH COMPANY ERTAIN cITY CERTAIN ARTERIAL STREET IMPROVEMENTS IN THE - I REDEVELOPMENT AREA Consistent with Council Policy? [X] Yes [ ] New Policy or Exception Statement of Issue, Recommendation, Analysis, Funding Source,Alternative Actions, Attachments: STATEMENT OF ISSUE: In order to fully develop arterial highways to accommodate redevelopment in the Main-Pier area, it is necessary to acquire the necessary street rights-of-way within the Huntington Beach Company's Atlanta.Property. RECOMMENDATION: Approve the agreement between the City and the Huntington Beach Company providing for the Company to dedicate the necessary rights-of-way for the widening and full improvements on the south side of Atlanta Avenue from Huntington Street to Lake Street and the east side of Lake Street from Pacific Coast Highway to Atlanta Avenue, as well as full improvements for the extension of Walnut Avenue from Lake Street to Huntington Street. ANALYSIS: In order to improve traffic flow to accomdate redevelopment in the Main-Pier area, it will be necessary to fully develop the arterial highways in the area including 6th Street, Orange Avenue, Walnut Avenue, Lake Street and Atlanta Avenue. The City does not now have adequate rights-of-way to widen many of these streets. Within the Huntington Beach Company's Atlanta property which is shown on the attached map, 20 feet of additional right-of-way is needed on both Lake Street and Atlanta Avenue. Also, in order to construct the extension of Walnut Avenue,,.anllieet of right-of-way needs to be acquired for that highway. The Huntington Beach Company has agreed to dedicate the necessary rights-of-way to the City in exchange for the City constructing all the required improvements including pavement, curb and gutter, sidewalk, landscaping, street lights, water lines and storm drains. These improvements will be installed when the City Council deems them to be necessary. FUNDING SOURCE: The cost of these street improvements will be financed from yet undetermined sources. Alternative funding sources are redevelopment funds, City gas tax, Federal aid and County aid. -4� PIO 5/85 J C RCA - Agreement with H.B. Company Pretaining to Certain Arterial St. Imp. in the Main-Pier Redevelopment Area December 10, 1986 Page 2 Y• ALTERNATIVE ACTION: 1. Do not approve the attached agreement. 2. Negotiate a new agreement. ATTACHMENTS• 1. Agreement 2. Map. CW T:PEC:dw 1137g �'`.#� �fi?�.as.'�.+..,�,eEL�t`�'' � n. � 6 ,�. ATLANTA uj t i r R-N I A : P. I .k ATLANTA • ••4�`~ �, ELF i� i ED h 0C Div; •. r - Z \ e \ REQUE FOR CITY COUNC ACTION Date ()PramhPr I n, 19Rf� Submitted to: To Honorable Mayor and City Council GGU�GIL Submitted by: Charles W. Thompson, City Administrat r ovy Prepared by: Paul E. Cook, Director of Public Works De ._ . v� �L1yg Subject: AGREEMENT WITH HUNTINGTON BEACH COMPANY ERTAIN ctx� , CERTAIN ARTERIAL STREET IMPROVEMENTS IN THE - I REDEVELOPMENT AREA Consistent with Council Policy? [XI Yes [ ] New Policy or Exception C AIV 7 Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachments: l3 STATEMENT OF ISSUE: In order to fully develop arterial highways to accommodate redevelopment in the Main-Pier area, it is necessary to acquire the necessary street rights-of-way within the Huntington Beach Company's Atlanta Property. RECOMMENDATION: Approve the agreement between the City and the Huntington Beach Company providing for the Company to dedicate the necessary rights-of-way for the widening and full improvements on the south side of Atlanta Avenue from Huntington Street to Lake Street and the east side of Lake Street from Pacific Coast Highway to Atlanta Avenue, as well as full improvements for the extension of Walnut Avenue from Lake Street to Huntington Street. ANALYSIS: In order to improve traffic flow to accomdate redevelopment in the Main-Pier area, it will be necessary to fully develop the arterial highways in the area including 6th Street, Orange Avenue, Walnut Avenue, Lake Street and Atlanta Avenue. The City does not now have adequate rights-of-way to widen many of these streets. Within the Huntington Beach Company's Atlanta property which is shown on the attached map, 20 feet of additional right-of-way is needed on both Lake Street and Atlanta Avenue. Also, in order to construct the extension of Walnut Avenue, 80 feet of right-of-way needs to be acquired for that highway. The Huntington Beach Company has agreed to dedicate the necessary rights-of-way to the City in exchange for the City constructing all the required improvements including pavement, curb and gutter, sidewalk, landscaping, street lights, water lines and storm drains. These improvements will be installed when the City Council deems them to be necessary. FUNDING SOURCE: The cost of these street improvements will be financed from yet undetermined sources. Alternative funding sources are redevelopment funds, City gas tax, Federal aid and County aid. PIO 5/85 RCA - Agreement with H.B. Company Pretaining to Certain Arterial St. Imp. in the Main-Pier Redevelopment Area December 10, 1986 Page 2 ALTERNATIVE ACTION: 1. Do not approve the attached agreement. 2. Negotiate a new agreement. ATTACHMENTS• 1. Agreement 2. Map. CWT:PEC:dw 1137g a� r -y V1 �s� AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH COMPANY CONCERNING HUNTINGTON BEACH COMPANY ' S ATLANTA AVENUE PROPERTY This Agreement is entered into this dap of December ,! 1986, at Huntington Beach, California, by and between the HUNTINGTON BEACH COMPANY hereinafter called "OWNER, " and the CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California, hereinafter called "CITY. " WITNESSETH WHEREAS, OWNER owns the Atlanta Avenue property described on Exhibit A attached hereto and hereinafter called the "Property" ; and WHEREAS, THE CITY would like OWNER to dedicate certain portions of the Property to the CITY for public use and development; and WHEREAS, in consideration of OWNER' s dedication of such portions of the Property, CITY is willing to install at CITY ' s sole cost and expense certain public improvements on the dedicated portions of the Property. NOW, THEREFORE, the parties hereto agree as follows : 1 . Authority: Each party hereto represents to the other that it has full and complete authority to enter into this Agreement , and that each party hereto considers this Agreement to be fair , reasonable and advantageous to each, and this Agreement shall be binding regardless of the fact that the rights and obligations may be dealt with by successor legislative bodies of CITY . 1 . 2 . Owner ' s Obligation: OWNER agrees to dedicate to CITY upon City ' s demand, and CITY agrees to accept those portions of the Property necessary for public street Improvements , as said Improvements are hereinafter described, in Lake Street , Walnut Avenue and Atlanta Avenue as said streets are shown on Exhibit B, attached hereto . Said streets may be constructed in locations other than shown on Exhibit B by mutual agreement of OWNER and CITY . In the event the portions of the Property necessary for the Improvements have not been dedicated to the CITY within twenty ( 20 ) years of the date hereof , this agreement shall terminate and neither party hereto shall have any further obligation to the other hereunder . It is hereby agreed that OWNER ' s obligations dedicate for said streets -- shall be limited as follows : a . Lake Street - Twenty feet ( 20 ' ) of property for widening Lake Street to a total width of Ninety five feet ( 95 ' ) . b . Atlanta Avenue - Thirty feet ( 30 ' ) of property for widening Atlanta Avenue to a total width of Ninety feet ( 90 ' ) . C . Walnut Avenue - Ninety feet ( 90 ' ) of property for widening Walnut Avenue to a total width of Ninety feet ( 90 ' ) . 3 . In consideration of OWNER making the above described dedication to CITY, CITY shall , at its sole cost , construct or cause to be constructed, all required public street improvements for Lake Street , Walnut Avenue and Atlanta where such streets adjoin or pass through the Property, and no costs for such improvements shall be imposed upon owner as a condition of any development . As used in this section, required public street 2 improvements shall include, but shall not be limited to , excavation, grading, compacted base, asphalt paving, striping, concrete curbs , sidewalks, gutters and medians, water lines, fire hydrants, sewer lines and manholes, storm drains and inlet structures , street lights, signage, landscaping, and irrigation systems located within the public right of way, in accordance with Standard Plans of CITY ( hereinafter collectively called "the Improvements" ) . The Improvements shall be installed concurrently with the development of the Property or any portion thereof for which any portion of the Improvements are required . CITY may install the Improvements or any portion thereof prior to the development of the Property. 4 . Processing Fees : No provision of this Agreement shall be construed to limit the authority of the CITY to charge processing fees for land use approvals , building permits, and other similar permits and entitlements which are in force and effect on a city-wide basis at the time those permits are applied for, except to the extent that any such processing fees would be inconsistent with this Agreement . 5 . California Law and Attorneys Fees : This Agreement shall be construed in accordance with the laws of the State of California . Should legal action be brought by either party for breach of this Agreement , or to enforce any covenants and there provisions herein, the prevailing party of such action shall be entitled to reasonable attorney fees and all costs including, but not limited to, court costs . 6 . No Joint Venture: The parties hereby renounce the existence of any form of joint venture or partnership between them and agree that nothing 3 . contained herein, or in any document executed in connection herewith, shall be construed as making CITY and OWNER joint venturers or partners . .. 7 . Legal Challenge: In the event of any legal action instituted by any third party, or other governmental entity or official , challenging the I alidity of any of the provisions of this Agreement , the parties agree to cooperate in defending said action . 8 . Best Interest : CITY has found and determined that execution of this Agreement is in the best interests of the public health, safety and general welfare, and the provisions of this Agreement are consistent with existing ordinances of the CITY . 9 . Notice • All notices required by this agreement shall be in writing and delivered in person or by certified mail , as follows : Notice to CITY shall be addressed as follows : City Administrator City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 Notice to OWNER shall be addressed as follows : Huntington Beach Company 2110 Main Street Huntington Beach, CA 92648 10 . Amendments • This Agreement may only be amended by mutual written consent of the parties . 4 , i • 11 . Duplicate Originals : This Agreement is executed in duplicate originals, each of which is deemed to be an original . IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized officers at Huntington Beach, California on the day, month, and year first above written . HUNTINGTON H COMPANY CITY HUNTINGTON BEACH V, resident Mayor Secretary;/ ATTEST: APPROVED AS TO FORM: ,r City Clerk City Attorney REVIEWE D APPROVED: INITIATED AND APPROVED: i Ci Adminis r Deputy City Administrator Redevelopment 1771L 12/15/86 5. STATE OF CALIFORNIA ) ss. COUNTY OF ORANGE ) On this day of 1 c' [`� C'_� , 1986, before me, the undersigned, a Notary Public in and for said State, personally appeared known to me or proved to me on the basis of satisfactory evidence to be the , and E °' known to me or proved to me on the basis of satisfactory evidence to be the I - --- - of HUNTINGTON BEACH COMPANY, that executed the within instrument, and personally known to me to be the persons whose names are subscribed to the within instrument on behalf of such corporation, and acknowledged to me that such corporation executed the same pursuant to its by-laws or a resolution of its Board of Directors. 1ITNESS my hand and official seal. Signature: N% J,..aa..;�: ,_;�, . Theresa Killeen Name (typed or printed) (This area reserved for official seal) My commission expires: 1126/90 EXHIBIT A DESCRIPTION OF ATLANTA PROPERTY A portion of Section 14, Township 6, Range 11 West, in the City of Huntington Beach, County of Orange, State of California, generally bounded by and extending to the centerlines of the following streets: Atlanta Avenue to the north; Huntington Avenue, to the east and southeast; Pacific Coast Highway (Ocean Avenue), to the southwest; and Lake Steet (First Street), to the west and northwest. ILI'm EL BEACH ILIFORNIA 1AP ATLANTA t 4 O > r 30 FEET ; co ATLANTA AVENUE PROPERTY v ZO FEET 41 90 FEET o EXHIBIT D AGREEMENT BETWEEN THE CITY OF HUNTINGTON , BEACH AND THE HUNTINGTON BEACH COMPANY CONCERNING HUNTINGTON BEACH COMPANY ' S ATLANTA AVENUE PROPERTY This Agreement is entered into this day of ecember , 1986, at Hu tington Beach, California, by and betwee the HUNTINGTON B ACH COMPANY hereinafter called "OWNER " and the CITY OF HUNTINGTON EACH, a municipal corporation of e State of California, her inafter called "CITY. " WITNESSETH WHEREAS, OWNER owns the Atlanta Avenue roperty described on Exhibit A attached he eto and hereinafter alled the "Property" ; and WHEREAS, THE CITY wo ld like OWNER o dedicate certain portions of the Property to the CITY fo public use and development; and WHEREAS, in consideration f OWN -R' s dedication of such portions of the Property, CITY is wi ling to install at CITY ' s sole cost and expense certain publi improvements on the dedicated portions of the Property. NOW, THEREFORE, the parties he eto gree as follows : 1 . Authority: Each party hereto represents to th other that it has full and complete authority to en er into this � reement and that 9 each party hereto considers this ` greement to be air , reasonable and advantageous to each, and this Agreement shall e binding regardless of the fact that the ights and obligation may be dealt with by successor legislative bodies of CITY. 1 . \ 2. Owner 's Obligation: OWNER agrees to dedicate to CITY upon City 's mand, and CITY agrees to accept those portions of the Property n cessary for public street Impr ements, as said Improvements are hereinafter described, in Lake treet, Walnut Avenue and Atlan a Avenue as said streets are sh wn on Exhibit B, attached he to. Said streets may be cosst ucted in locations other an shown on Exhibit B by mutual a reement of OWNER and CI Y. In the event the portions of the Proper necessary for the mprovements have not been dedicated to the C Y within twenty 20 ) years of the date hereof, this agreement sh- 11 terminate a d neither party hereto shall have any further obligation to t e other hereunder . It is hereby agreed that OWNER sh 11 not b ' required to dedicate -- - �t portions of the Property nece sary - o widen Lake Street in excess of twenty ( 20 ) feet or necessa o make Walnut Avenue more than ninety ( 90 ) feet wide and Atlant Avenue more than one hundred (100 ) feet wide . 3. In consideration of OWNER aking the above described dedication to CITY, CITY sh 1 , at it sole cost , construct or cause to be constructed, a 1 required blic street improvements for Lake Street, Walnut A enue and Atlan a where such streets adjoin or pass through t e Property, and costs for such improvements shall be i ,posed upon owner as a condition of any development . As used ,in this section, requir d public street improvements shall i lude, but shall not be li ited to, excavation, grading, compacted base, asphalt pavi ,�g, striping, concrete curbs, sid walks, gutters and medians, water lines, fire hydrants, sewer lines and manholes, storm drains andnlet 2. structures, street lights, signage, landscaping, and irrig tion systems located within the public right of way, in accor nce with Standard Plans of CITY (hereinafter collectively calle "the Improvements" ) . The Improvements shall be installed oncurrently with the deve opment of the Property or any portion thereof for which any por ion of the Improvements are require CITY may install the Im rovements or any portion thereof rior to the development of he Property. 4 . Proces ing Fees : No provi ion of this Agreement s all be construed to limit the authority f the CITY to charg processing fees for land use approvals, buildi g permits, and o er similar permits and entitlements which are n force and e fect on a city-wide basis at the time those permits a e applied or, except to the extent that any such processing fees w uld be nconsistent with this Agreement . 5. California Law an Att me s Fees : This Agreement steal e construed in accordance with the laws of the State of Californ ' Should legal action be brought by either party for breach o th Agreement, or to enforce any covenants and there provis ' ns her in, the prevailing party of such action shall be enti led to reasonable attorney fees and all costs including, but not limited to, curt costs . 6. No Joint Vent re : The parties ereby renounce the xistence of any form of joint venture or part ership between them an agree that nothing contained herein, or in any document executed i'j connection herewith, shall be onstrued as making CITY and OW ER joint venturers or partne s . 3. 7 . Legal Challenge: In the event of- any legal action instituted by any third party, or other governmental entity or official, challenging the validity of any of the provisions of this Agreement, the parties agree to cooperate in defending said action. 8 . Best Interest : CITY has found and determined that e ecution of this Agreemen is in the best interests of the pu lic health, safety and genera welfare, and the provisions of this Agreement are consistent w h existing ordinances of t e CITY. 9. Noti All notices required by th ''s agreement shall be in writing and deliver d in person or y certified mail , as follows : Notice to TY shall be addressed as follows : City Adm ' nistrat r City of Hu tin on Beach 2000 Main St et Huntington e h, CA 92648 Notice to OWNS shall be addressed as follows : Huntingt n Beach mpany 2110 M in Street Hunt ' gton Beach, CA 648 10. Amendmen s • \ This A reement may only be amend by mutual written consent of the arties . r, 4. • • 11 . Duplicate Originals : This Agreement is executed in duplicate originals each of which is deemed to be an original . IN WITNESS WHEREOF, the parties hereto have caused his Agreement to be executed by and through their authoriz d officers at Huntin ton Beach, California on the day, month, a year first above writ en . HUNTINGTON BEA COMPANY CITY HUNTI GTON BEACH Vice President Mayor Secretary ATTEST: AP ROVED AS TO FORM: City Clerk City Attorney J X.. REVIEWED AND APPROVED: INITIATED AND APPROVED: City Administrator Deputy City Administrator Redevelopment 1771L 12/15/86 5. EXHIBIT A DESCRIPTION OF ATLANTA PROPERTY A portion of Section 14 Township 6, Range 11 West, in the City of Huntington Beach, County of Orange, Stat of California, generally bounded b and extending to the centerlines of the following treets: Atlanta Avenue to the north; untington Avenue, to the eas and southeast; Pacific Coast Highway (Ocean Avenue), to th southwest; and Lake Steet First Street), to the west and northwest. r` i EXHIBIT b Map of Atlanta Propert showing proposed rights of way of Lake Walnut�a Atlanta. I fig i L) EACIT Ai LIFORNIA NP AT NTA 1 r 50 FEET W ATLANTA AV UE PROPERTY vP 20 FEET 90 ET = z 3• r �. : f EXHIBIT