Loading...
2976V This page re part Otwmaa.�m-ooNOT ouuwo � 1- w 20130691189 � I IIYIIIj�jIAIIIIIIRIIIIIIIIIIIIIIAIIIIIIIIIIIInIII 'oar% IIIIIIIIIIIIIIVIIIIIIIIIIIIIIIIIIIVII�IIIIIIIIVIIIIIIIIIIIIIIIIIIIIUIIIYIII�IIII 111111VIIIVIIIIIIIIIIIIflllI IIIVIIVIIIVIIIIIIIIIIIIVIIIIIIIIIIIIIIIIII RecordedlFiled in Official Records Recorder's Office, Los Angeles County, California 06/08/13 AT 08:OOAM FEES: 0.00 TAXES: 0.00 OTHER: 0.00 PAID: 0.00 LEADSHEET lTiuimmiiumii�iiiiudiidniie � n � THIS FORM IS NOT TO BE DUPLICATED t72 ti CHICAG"O TITLE COMPANY 5/68/2 01, '20130691189* RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: CITY CLERK CITY OF EL SEGUNDO 350 Main Street El SCI.L]11(10, CA. 90245 OPERATING MEMORANDUM NO. 5 COR.P. ..0, 1ZATE CANIPLJS DEVELO]"MENT AG1Z1",I'.ME'N`l' This Operating Memorandum No. 5 (the "Operating Memorandum") is made as of March 2013 by and between TPG-El Segundo Partners, LLC, a California limited liability company (the "Developer") and the City of El Segundo, a municipal corporation(the "City"). RECITALS A. On or about January 2, 2002, the City Council adopted Ordinance 1345 approving Development Agreement No. 01-1 (the "Development Agreement") between the City and Developer regarding the development of a project known as the Corporate Campus Project and more particularly described in Exhibit "A" attached hereto, on approximately 46.5 acres of real property in the City generally bounded by Atwood Way, Douglas Street, Mariposa Avenue, and Nash Street (the "Property"). All undefined, capitalized terms herein shall have the same meaning as in the Development Agreement. B. Section 14.2 of the Development Agreement provides that during the Term of the Development Agreement, clarifications to the Development Agreement and the Applicable Rules may be appropriate with respect to the details of performance by the City and Developer. Section 14.2 further provides that if and when the City and Developer agree that such clarifications are necessary or appropriate, they shall effectuate such clarification through operating memoranda approved in writing by the City and Developer. Section 14.2 delegates the authority to enter into operating memoranda to the City C.E.D. Director (now referred to as the Planning and Building Safety Director) (the "Director"), who is authorized to execute any operating memoranda without any further City Council action. C. On or about August 22, 2005, the City and Developer entered into Operating Memorandum No. I which clarified the issues set forth in that Operating Memorandum. D. On or about October 11, 2005, the City and Developer entered into Operating Memorandum No. 2 which clarified the issues set forth in that Operating Memorandum. E. On or about September 12, 2006, the City and Developer entered into Operating Memorandum No. 3 which clarified the issues set forth in that Operating Memorandum, and 1 entered into a Covenant to Provide Parking (the "Covenant'), which requires Developer and its successors and assigns to provide 100 parking spaces for a 5 acre park site on the Property. F. On or about December 10, 2008, the City and Developer entered into Operating Memorandum No. 4 which clarified the issues set forth in that Operating Memorandum. G. The Corporate Campus Specific Plan(the "Specific Plan") states at page 12 that the Specific Plan is intended to provide flexibility of development. Section 1.8 of the Development Agreement also provides for flexible entitlements. H. Exhibit 3 to the Specific Plan is a conceptual site plan of the Property ("Conceptual Plan")that depicts, among other things, landscaped open space in the center of the site. However, there is no condition requiring development or maintenance of this particular open space at that location. Moreover, the City has previously approved site development to date that has varied from the Conceptual Plan. I. The Specific Plan provides at page 22 for transfers of floor area ("TFAR") from any parcel to any other parcel. The TFAR process therefore allows for flexible development of any portion of the Property (provided that it otherwise complies with the terms of the Specific Plan and Development Agreement), including those areas depicted as central open space on the Conceptual Plan. J. The Development Agreement generally permits the uses identified in the Specific Plan. While the Specific Plan permits "fire stations and other public uses," it does not specifically permit school uses, which are defined separately in the El Segundo Zoning Code. K. Developer and the City desire to enter into this Operating Memorandum to clarify certain issues pertaining to the Conceptual Plan and permitted uses on the Property. THEREFORE, the parties agree as follows: 1. Conceptual 111ati. The Conceptual Plan is illustrative only and does not impose any obligations on Developer. There is no requirement that development of the Property conform to the Conceptual Plan. Accordingly, the following findings based on the Conceptual Plan shall not be binding on Developer: (a)the provisions of Paragraph C of Section 2 of both Ordinance No. 1345 and Resolution No. 4241, which state that: "another three parcels (No. 21, 23 and 26) would contain only common open space areas"; and (b) the provisions of Paragraph R of Section 3 of Ordinance No. 1345 which states that: "Three parcels (No. 21, 23 and 26) would be devoted entirely to passive open space with a water feature". Without limiting the foregoing, the Developer is not required to develop a central park or the specific open space on the Property depicted in the Conceptual Plan; however, the Developer must still comply with the landscaping and open space requirements stated in the Specific Plan and in the conditions 6, 7 and 8 of the "Aesthetics" section of the Conditions of Approval to Ordinance No. 1345. 2. Term. Developer has exercised its option to extend the Term of the Development Agreement pursuant to Section 5.8 of the Development Agreement. The Term of the Development Agreement shall expire on June 11, 2018. 2 3. Permitted Uses. a. The Specific Plan does not include schools, as defined by El Segundo Municipal Code Section 15-1-6, as a permitted use. School uses for grades K-12 and private schools are therefore a prohibited use pursuant to Section V.E of the Specific Plan. b. Notwithstanding anything in the Project Approvals or the Municipal Code to the contrary, Developer shall not be deemed to be in default under the Development Agreement or in violation of any of the Project Approvals or the Municipal Code if a school district acquires any portion of the Property by eminent domain for school purposes. This subsection shall not apply to any condemnation agreed to by Developer or its successors and assigns absent a court order mandating such condemnation pursuant to the Eminent Domain Law, Code of Civil Procedure Section 1230.010 et seq., and Education Code Section 35270.5. 4. Off"site Miti ation Measures. Schedule 1 to this Operating Memorandum identifies the status of completion as of the date hereof of offsite traffic and infrastructure mitigation measures outlined in the Development Agreement, City Council Resolutions, Conditions of Approval, and/or Mitigation Monitoring and Reporting Program. 5. No Further Clarificatioji. Except as expressly clarified herein, all of the terms and conditions of the Development Agreement shall remain unchanged and in full force and effect. 6. Miscellaneous. The terms and conditions of this Operating Memorandum may not be waived, amended or modified except in a writing executed by the City and Developer. This Operating Memorandum may be executed in multiple counterparts, each of which shall be deemed an original and all of which shall constitute one and the same Operating Memorandum. 7. Reco'rdati(m. The parties shall record this Operating Memorandum in the Office of the Los Angeles County Recorder in the manner set forth in Government Code Section 65868.5; provided, however, that this Operating Memorandum shall be effective and binding on the parties whether or not so recorded. SIGNATURES ARE ON THE FOLLOWING PAGE 3 CITY: Dcv.e10jj CITY OF EL SEGUNDQ) 1,',j)(3-EL SEGUNDO PARTNERS, Ll / a municipal i ortitiol a compare� ifion,iia limited liability comp N. By: By: "I I()N1 A S PROPERI"] iROUP, Title: W- lilr-yland limited "wership a Its Mali�,igcr ATTEST: BY- T1 i0M0XS PROPERTIES GIZ001), INC., a DolnVare corporation - X, Tracy W 11CIVe Its'Gencralflartil I' City Clerk 11 P B APPRVVED STOFORM: Title: -tv, Mark D. Hew ley, City Attorney 4 II CITY: Develover: CITY OF EL SEGUNDO, TPG-EL SEGUNDO PARTNERS, LLC, a municipal corporation a California limited liability company By: By: THOMAS PROPERTIES GROUP, L.P., Title: r. ............ a Maryland limited partnership Its Manager ATTEST: By: THOMAS PROPERTIES GROUP, INC., a Delaware corporation Tracy Weaver Its General Part I ner City Clerk By: APPROVED AS TO FORM: Title: ...C....0 (Jo Mark D. Hensley, City Attorney 4 I III aIW .ilu April 2, 2013 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) On April 2, 2013, before me, Cathy Domann, Deputy City Clerk, personally appeared Sam Lee, Planning and Building Safety Director for the City of El Segundo, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or entity upon behalf of which the persons acted, executed the instrument. I certify under the Penalty of Perjury under the laws of the Sate of California that the foregoing paragraph is true and correct. Witness my hand and Official Seal. Cathy Doze nii, Deputy City Clerk 11 i 0 6 44 ACKNOWLEDGMENT State of California County of �-b "V Offft> ) On .w 9U N' before me, �U1�f( (insert name and title of the officer) / personally appeared who proved to me on the basis of satisfactory evidence to be the pers on,(6 whose nameW is/af-e subscribed to the within instrument and acknowledged to m e that he/s4941►ey executed the same in his/hoFAA4&ir authorized capacity(Uisj, and that by his/her/heir-signatureW on the instrument the person(,s�,or the entity upon behalf of which the pers onW 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. HELGA RIC1„IAHIJSON-THGNISEN WITNESS my hand and official seal,. Commission#1952216 Notary Public-California Los Angeles County - Comm.Expires So 15,2015 Signature (Seal) Schedule I Mitigation Measures 44386\1219674v2 2 Campus El Segundo Conditions of Approval-Status Ueoartments and/or No. aLa us Subiect Summary Aoencles Involved 11 'Yes-complete TPG purchased the 2!2 e__q by January 1, 2006 1131anning 2 Nes-complete Establishes Definitions used In entitlements;approved a Planning Landscaped median with permanent irrigation system In Not completed, but no iAtwood Way to replace asphalt concrete raised paved 6-1 longer required median Public Works Hazardous Material Safety Training(re:VOC contamination)for City Employees prior to issuance of Planning&Building/ 122 Yes-Complete grading permit SW corner has been graded) Public Works Dedicate One-acre of land to City for Fire Department Planning/City 35 Yes-complete °per Development Agreement No. 01-01 Attorney/City Clerk -May adjust lot lines of Tract Map 53570 for Fire Station and City park Site provided a maximum of 26 parcels 37 ;Yes-Complete are created Planning 'Yes-complete for Hyatt Place Hotel(agreement re:TOT Is recorded), 'Hotel owner/operator shall agree to payment of transient however,still applies to occupancy taxes for any management training or other any other future hotels on similar guests of the hotel and hotel guest must re- Planning and City 1141 site, register after a 30-day extended stay. Attorney Ongoing; Fees Paid for Buildings and Sites Already Constructed; Fees will not be collected 'on an annual basis, however, payment of Condition Monitoring Fees and Mitigation Monitoring Fees Will Apply to Future Phases of Development and/or Redevelopment Based Upon City Adopted Planning Fee Resolution Funds in trust for first year costs, Including City ;(deposit based for hours I�consuitant costs, of the monitoring of all conditions of worked)at the time of -approval and mitigation measures adopted in the those phases of MMRP,Annual replenishment of the funds to cover development and/or same costs; City may hire a consultant to coordinate and 42 redevelopment. monitor compliance. Planning OM 5 List March 12,2013 Campus El Segundo Conditions of Approval - Status P.Pka—rtments and/or No. Status ubloct Summary Aciencles Involved I Complete for existing development;Ongoing condition/still required for future development and redevelopment as i applicable;no CMP offsite infrastructure road !Improvements are needed iresulting from the current Provide LA CMP Debit/Credit Calculations and Phasing Planning and Public EIR as currently Plan for CMP related improvements for review and Works- Review and implemented; Mitigation approval. Provide documentation that the proposed Approval of Plan; Measures B1-B5 must still 1project CMP debits/credits related improvements were Planning verification be completed(see implemented and balanced on the Project Site in of implementation of! 54 mitigation measure list :accordance with the approved phasing plan. _ improvements Detailed Traffic, Circulation and Parking Plan required 'that addressed all outlined Issues. Item C-Sensitivity Analysis; Item E-Traffic Volumes at each driveway or Intersection to determine if any off-site improvements are required that were not analyzed in the EIR; item F- Any new traffic signals or modifications to existing traffic f signals subject to review and approval of the LA County Public Works Dept.and applicant pays county costs for plan check and inspection services; Item G-Dedication of any on-site land required to accommodate any required intersection Improvements (e.g.deceleration (Complete for existing lanes); Item K-Off-site circulation improvements; and Planning and public 57 development;Ongoing Item L-medlan modifications, if necessary. Works Private roadways have been constructed to appropriate 62 Yes-Complete standards Public Works Planning, Public Public Access Easements on all internal private Works and City 63 Yes-Complete roadways Attorney Mitigation Measures B6- B12 and C3 are complete; Mitigation Measures B1- Install all off-site traffic related mitigation measures in •135 are not complete(see the EIR and MMRP when triggered and document In Public Works and 64 mitigation measure list) Traffic, Circulation,and Parking Plan Planning Encroachment Permit from Caltrans and City of LA for any alnteration of striping of the Nash Street off-ramp Public Works and 65 Yes-complete :from the 1-105 Freeway. Planning Off-site parking agreement for City Park Site(100 Planning/City 70 Yes-complete parking spaces) Attorney/City Clerk OM 5 List March 12,2013 Campus El Segundo Conditions of Approval-Status w hI Denartments and/or J@W 5&ect Surnmary Agencies Involved Complete for existing development; Ongoing/st(II required for future development and 'All proposed utility service improvements are of Public Works and 76 redevelopment reasonable quality Planning Complete for existing development; ,Ongoing/still required for !Street and Public Right-of-Way Plans/Permits and Public Works and 77 future development and Dedications Planning Complete for existing development; Ongoing/still required for Sewer capacity is sufficient for EIR proposed Public Works and 78 :future development udeveoopment or provide necessary upgrades Planning development; Ongoing/still required for future development and -Water and wastewater capacity is sufficient for EIR Public Works and 179 redevelopment proposed development or provide necessary upgrades Planning Outside Agency;. requires :Complete for existing confirmation by development; Planning/Building Ongoing/still required for 'Telecommunications capacity is sufficient for EIR Safety Dept,and 81 future development proposed development or provide necessary upgrades Public Works Dept Outside Agency; Complete for existing requires development; confirmation by Ongoing/still required for Planning/Building future development and Telecommunications capacity is sufficient for EIR Safety Dept.and 82 redevelopment -proposed development or provide necessary upgrades Public Works Dept. Outside Agency-The Complete for existing Gas Company; development; confirmed by Ongoing/stlil required for Planning/Building !future development and !Natural Gas capacity is sufficient for EIR proposed Safety Dept,and 88 redevelopment development or provide necessary upgrades 'Public Works DeeL 'Outside Agency-The Complete for existing Gas Company; !development; confirmed by Ongoing/still required for PianningBuilding future development and Natural Gas capacity is sufficient for EIR proposed Safety Dept.and 84 redevelopment development or provide necessary upgrades Public Works Dept. Complete for existing Outside Agency- development; Edison;confirmed Ongoing/still required for by Planning/Building future development and Electrical capacity is sufficient for EIR proposed Safety Dept.and 85 redevelopment development or provide necessar►pgrades Public Works De tom ' OM 5 Ust March 12,2013 v v I' Illluiml \y I Campus El Segundo Conditions of Approval-Status Denartments and/or No. Status Subiect Summary Laencies Involved Complete for existing Outside Agency- development; Edison; confirmed Ongoing/still required for by Planning/Building future development and Electrical capacity is sufficient for El proposed I Dept.and Public 86 redevelopment development or provide necessary upgrades .Works Dept. Existing service in Maple Avenue provides required reclaimed water for existing development; ongoing/still required for future development and Outside Agency- redevelopment (if West Basin needed);future Municipal Water :extensions off Maple District; confirmed Avenue are alternative(if !by Planning/Building needed)subject to West Off-site reclaimed water improvement plan approval and 'Safety Dept.and X87 Basin MWD approval extension of reclaimed water trunk line in Nash Street Public Works DepL Complete for existing Connection to West Basin's reclaimed water system; development; Installation of approved water management systems and IOngoing/still required for Incorporate water-savings devices into project future development and development; install water facilities per approved plans Public Works and 89 redevelopment for each building Planning Complete for existing development; Ongoing/still required for Loop water system has been installed for the entire future development and Project Site with service connections to each of the 12- `,9� 0 redevelopment inch water mains in the streets surroundin tlhe2roject Public Works '93 Yes-Complete 1TPG Indemnified the City Planning/City Clerk 1`f PG acknowledged receipt and acceptance of Project 94 Yes-Complete Conditions PIS ar nlnc/City Clerk W OM 5 List March 12,2013 Campus El Segundo ) ,,,04 u Mitigalion Measures- Status EIR MMRP Departments and/or A eup ag! No. When Occ.q!�g Status Sublect Involved Not Complete; Ongoing with future Implement TDM measures-City credit B-1 Post-Const iconstruction :of$25,000 when Implemented Planning Division Planning Division, Public Purchase Shuttle Bus-City credit of Works Dept.and Recreation B-2 Post-Const Not Complete $175,000 when purchased land Parks Dept. Design and construction of Bicycle i Station at Mariposa and Nash-City Planning Division, Public B-3 Pre-Const Not Complete credit of$100,000 when built 'Works ' Install bike lanes/racks In Internal i roadways/circulation - City credit of liPlanning Division, Public B-4 Pre-Const Not Complete ,$25,000 when Installed Works Dept. (Establishment of a centralized Transportation Management Office- City credit of$25,000 when B-5 Pre-Const Not Complete implemented Planning Division Pre-Const/ Construct Maple Avenue between Nash:Planning Division, Public B-6 Com few.. .Street and Douglas Street Works Dept. • .Constr. , ... Public Works Department; Pre-Const/ Imperial Highway/Sepulveda traffic City of Las Angeles B-7 Constr. Complete signal upgrade Department of Transportation ,Pre-Constl I East and westbound approaches to El •Public Works Department; B-8 :Constr. Complete Segundo Blvd and Sepulveda Caltrans Pre-Const/ Imperial Highway and Nash Street —Public Works Department; 113-9 Constr. Complete Westbound 1-105 off-ramp .Caltrans Pre-Const/ Atwood Way and 1-105 Freeway jIPublic Works Department; B-10 Constr. Complete Eastbound on-ramp ;Caltrans Pre-Const/ Atwood Way and 1-105Freeway Public Works Department; .B-11 Constr. Complete Eastbound on-ramp Caltrans El Segundo Blvd and Douglas Street Pre-Const/ Improvements (dual left-turn lanes, B-12 Constr. Complete etc.) Public Works Department Pre-Const/ Comfortable transit access at very C-3 Constr. Complete nearby location shall be provided 'Planning OM 5 List March 12,2413