HomeMy WebLinkAboutLINDBORG-DAHL INVESTORS, INC. - 1984-07-02SECURITY AGRZEMENT FOR IMPROVEMENTS BETWEEN
THE CITY OF h-"Z T1AGTON BEACH AND EDWARDS LINDBORG/DARL
a VA
HIS AGREEMENT is made and entered into this h � day of
, 19 84 , by and between the CITY OV HUNTINGTON BEACH,
a municipal corporation of the State of California, hereinafter
referred to as "CITY," and EDIV7ARDS/LINDBORG/DART„ a California
limited partnership, hereinafter referred to as "DEV-''LOPER."
WHEREAS, CITY requires the dedica;inn of a right-of-way and
public improvements pursuant to the provisions of Section 9730.4 of
CITY's Ordinance Code as a condition to development of Tentative
Tract 11473; and
The off -site public improvements required by CITY to be
completed by DEVELOPER on the above described property are
construction of concrete curb, gutter and paving along the east side
of Edwards Street, the entire length of Tentative Tract 11473.
NOW, THEREFORE, in consideration of the promises and agreements
of the parties herein set forth, the part'..s mutually agree as
follows:
1. DELA7xFD CONSTRUCTION
CITY hereby allows DEVELOPER to delay the construction of
the required off -site improvements along the frontage of the above
described property.
2. COST OF OFF -SITE CONSTRUCTION
The work which DEVELOPER is obligated to perfokin has been.
estimated to cost $15,480.
Corporation as Partner oL v l'nrtnetzhip (( ompiletll
, OF CALIFORNIA
,COUNTY
Orange
OF�
25 c�ia 1984 Robert J.F1 �nt:,"r"
On this _ a1a� of,._ �_in the ear hefore ,,,, � a .Mary Public
1 F i - -- gd 1Xr-Ila 1I E
1 in and for said count., anal ;;zate, ret`stutally a a reared x•rsunallt
kno-wn to me for proved to me oT the basis of �tisf t. tor} evidence` to be t ht
President and Leonard O. Linao&O y persunslly known to me
(or proved to me on the basis of satisfactory evxdenre) to
Illm he the Secretary isf li.iid2QLgY-La 1 Tny._es rs , Inc.
w the corporation that ev cuter! the within instrument and
'.I persunally known 'o me rot• proved to ant• on the ltasis (if
satisfn(•tory evidence) to }re the peru,ns w1w executed t he
i within instrnment on behalf of +aid t eu lwr tx,n, xaltl
poration tei erstrn• lly known to me to ht• one of t:,e
`W
�+ nartnerG of the 1,ut t of twliilr t hat !w , w . e s---- - -,.,.r -0
' executed the NE
t n tntitu meat nd �it know iedgf-d to me f
that such corps t.etton eytcute•d the same a. sucl: partner � r� .. w , ., , c,
and tarot uch la i tnetsWe-ee(�enlf, 4i 3ti• �µnne. +
Wl'TNFSS m It t r'61�sre�i _. t •t
\ � 4
g Robert J. Fl-, n, Jr.
fi
Nutne iTyped or l'tintedI
+wWW u,u
STitTE OF C:ALZFOJ 41A } ss
COUNTY OF ORA14CE 1
On this day of f ltl , before ate
s u ,
x a Notary�Publ'c ill nd for said County and State, personally appeared
known to me to be the Mayor
s and known to me to be the City Clerk
y of the City of Huntington Beach, 4he municipal corporation that executed
the within Lnstrtmenr, known to me to be the persons who executed the
within instrument on behalf of said municipal corparatiort and acknowledged
1 a o ate, h t.sy �fi� . ici 1 corporation executed the same..
.' (aPFICL spar
3. SECURITY FOR DELAY
DEVELOPER shall provide CITY with a bond, cashier's check,
cash or instrument of credit from one or more responsible .financial
institutions in the amount of $15,480, naming CITY as obligee,
guaranteeing that DEVELOPER construct said off -site improvements
within ninety (90) days of receiving notice from the CITY to do so.
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed by and through their authorized officers
t
the day, month and year first above written.
DEVELOPER: CITY HU INGT N BE (' ,
EDWARDS/LINDBORG/DAHL, A nicip corn ra `
A limited partnership
By: � ind r ?-D - Inc. i
A gerr ral,.• act`` r iiay
D -vi.d D- T3ahl,- Preside'n"t
L orar . leindborg Secretary
ATTEST:/'^ APPROVED AS TO FORM:
City Clerk CP -Attorn y"'•fie /
REVIEWED APPROVED: IN1,71 TAND A.PI VED:
Ile
,VLAI- w
�. dmIn1S or Director of Public Works
klh
4/26/84
2.
0
July 3, 1984
Lind�org-Dahl Investors, Inc.
17220 Newhope Street #226
Fountain Valley, CA 92708
The City Council of the City of Huntington Beach at their meeti!►g
held July 2, 1984 approved an agreement for future street improvements
along the east side of Edwards Street, TT 11473.
Enclosed is a Statement of Council Action along with an exec_ted
copy of said agre:�ment for your files.
Alicia M. 'W'entivorth
City Cleric
AMW:bt
Enc.
RE UE i FOR CITY COUNCPACTION
Date June 12,, 1984
Submitted to: Honorable Mayor and City Council
Submitted by: Charles W. Thompson, City Pdndnistrator )� ,�- , �� �IliY
tr9.0
Prepared by: Paul E. Cook, Director Public tbrks�6
Gi. C
Subject: --.1MG AND AG 7T/TEhsM'I'it7E TRACT 1147 {ED4 _ el:�
Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachmants:
STATEMNT OF ISSUE:
Condition Ntm>ber 13 of Tentative Tract Numb--r 11473 rEquised a bond and agreerTent,
to be posted for future street improve ants along he east side of W�Aozds Street.
RECS1h ENDA'T'ION :
It is recom ended that the City Council accept the bond and two copies of the a,ree-
rent:
Faithful_ Performance Bond. Numb -or 710769S
and instruct the City Clerk to file it with the City Treasurer. It is further
recm Tended that the City Council accept tree a4reertent and instruct the City Clerk
to file one copy and return the second copy to the subdi%lider.
ANALYSIS:
Subdivider: Lindborq-Dahl Investors, Inc., 17220 fiewhope Street 4226, Fountain Valley
Encjineer: Indnr Engineering, 17280 Nec,hl�;pe Street #14, Fountain Valley
Location: E/s Edwards, N/o Garfield
Lots: 9
Acreage: 5.287
Zone: (2-Rl-(2.7)- 0-800
A1J of the dociaients have been approved for anx=t by the Departrrent: of :public 1'7orks
and as to fcmn by The City Attorney' s c�' i.ce.
ATM(H4ENTS :
Ir�cation Maps
Security Agreement
Derforntiance Bo.A
Labor & Material Pond
PEC:BC:ik
Pio 4131
1 � U 'i,� i�� � tri'ON BEACHAM
(MANGE, C()t'ITY, GALIIF'O.II A
USE OF PROPERTY MAP
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TRAc 1 80t1A'rJAR1
STATEMENT OF THE ACTION OF THE CllY C00 C'L
Council Chamber, City Hail
Huntington Beach, California
Monday, July Z, 1984
for Kelly called the regular meeting of the City Council
of the City of Huntington Beach to order at 7:30 P.M.
Present: Pattinson, MacAllister, Kelly, Finley, Bailey, 'Mandic
Absent. Thomas
CONSENT CALENDAR — ITEMS APPROVED
On motion by Pattinson, second MacAllister, Council approved the following items, as
recommended, with Councilman Mandic abstaining from voting on Resolution No. 5404 and
the Bonds Agreement relative to Tentative Tract 11473, by the following roll call vote:
AYES: Pattinson, MacAllister, Kelly, Finley, Bailey, Mandic
NOES: None
ABSENT: Thomas
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BONDS AGREEMENT — TT 11473 — LINDBORG/DAHL INVESTORS — Accepted Faithful Performance
Bond #7107695 (Developer's Insu,once Company) and instructed the City Clerk to file same
with the City Treasurer and approved and authorized e-,cution of a Security Agreement
between the City and Edwards /Lindborg/Dahl for future street improvements along the east
side of Edwards Street.
Councilman Mandic abstained from voting on this item.
Mayor _ Kelly adjourned the regular meeting of the City Council
l of the City o, tirgton Beach at > �^
_ r
ATTEST: Alicia M. Wentworth
City Clerk and ex-o`ficia Clerk
o` the City Council of the City
_ Alicia M, Wentworth of Huntington beach, California
City Clerk
Jack Kelly
STATE OF CALIFORNIA ) Mayor
County of Orange
City of Huntington Seacd
I, ALICIA M• WENTWORTH, the duly elected and qualified City Clerk of the City
of Huntington Beach, Lalifornia, do hereby certify that the above and foregoing is a
true and cnrrect Statement of Action of the City Council of said City at their
regular meeting hte,0d on the 2nd day of July 19 84
WITNESS my hand and seal of the said City of Huntington Beach this the 3rd
day 'of July —, 19 84 .
i
I2/78
Alic�-q M. Wentworth
CCtI%C r :an ex=ai iclo Ci'Fk
of the City Council of the City
of Huntington Beach, Cali-:eornia
By
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