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1997-430669 . . AIiCORDING REaUmED IV . 1:# 1997-0430669 .~ SEP 05. 1997 9:39 AM Recording Requested By: ) ) DFFIClfiU RECORDS When Recorded Mail To: ) '3A:j DIEGO coum RECORDER'S OFFICE city Clerk )f{; 9 RECORDE\ City of Encinitas ) F'l 505 South Vulcan Avenue ¡ l 0\\) 1.. 1111111 111111111 ~IIII II~IU 11111 I11II ~III I'~ 1111 Encinitas. CA 92024 AGREEMENT FOR IMPROVEMENTS IN PUBLIC RIGHT-OF-WAY (LIEN CONTRACT) Assessor's Parcel Project No.: TPM 96-060 No. 256-400-55 This AGREEMENT executed this /lJ*' day of Jv/~ ' 1992-, by and between VULCAN, LLC hereinafter called the OWNER, and the CITY OF ENCINITAS, a political subdivision of the State of California, hereinafter called the CITY, is as follows: WHEREAS, the OWNER owns property described as: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF BY THIS REFERENCE WHEREAS, the OWNER is currently proposing A 3 PARCEL PARr.F:T MAP WHEREAS, the property is adjacent to an incomplete street, and WHEREAS, the improvement will generate more traffic and the OWNER has agreed to provide the right-of-way and/or improvements in accordance with Title 24 of the City of Encinitas code, and WHEREAS, pursuant to Title 24 of the city of Encinitas code, the City Engineer has recommended that construction of those improvements required by the CITY to be constructed by the OWNER be postponed and that the OWNER be required to execute an agreement to construct said improvements in the future and to grant a lien to the CITY upon said property to secure the cost of construction of said future improvements, and WHEREAS, the OWNER is agreeable to the execution of such an agreement; bp3753 . . 10 NOW THEREFORE, IT IS AGREED by and between the parties hereto as follows: 1) The CITY agrees to accept the dedications, if any, and upon uhe completion of the improvements required herein to the satisfaction of the City Engineer, agrees to dedicate said improvements to the public and for public streets. 2) The OWNER, in lieu of making the improvements specified herein, and required by }.IOT/t1e" OF DE'Clsj(~N ~D 'U; -03Ø agrees, covenants, and promises that he/she will install, construct, or cause to be installed or constructed the improvements herein set forth at a time satisfactory to the CITY, provided, however, that the OWNER shall not be required to complete said improvements before .:rUL"j 30. ",., or within such further period of time as is hereafter specified by the CITY, or such extended period of time which may have been specified by.the CITY: a) When the City Council has initiated assessment proceedings over an area between intersecting streets on both sides of the street upon which the property herein described has frontage; or b) When owners of more than 60% of the frontage, between intersecting streets on both sides of the street upon which the property herein described has frontage, have petitioned the CITY to form an improvement district for the improvement of said streets and the CITY initiates such proceedings. Such improvements shall be made without cost or expense to the CITY. The CITY estimates that the cost of construction of sa~d "1'3" cu. improvements at the time of the signing of this Agreement is 5nÞWN,., &,J"JJ $ ",Z'8.0S . The OWNER hereby acknowledges that said cost is a reasonable estimate of construction costs at this time and that the actual cost of said improvements at some time in the future may exceed this estimate; and the OWNER hereby agrees that his/her obligation under this Agreement extends to the actual cost of construction of said improvements, notwithstanding it may exceed such estimate. 3) That for the faithful performance of the promises and covenants herein contained the OWNER hereby grants to the CITY a lien upon the property herein describèd, and in the event the OWNER, his/her successors, heirs, assigns, or transferees fail to install and construct said improvements in the manner and within the time specified herein, he/she agrees that the CITY may do all of the following: a) Install and construct said improvements by contract or otherwise, and grant permission to the CITY or its contractor and his/her employees to enter upon any bp3753 . . 11 portion or portions of the property reasonably necessary for said construction, and the entire cost and expense of said improvements shall be charged against said property. Said cost and expense shall be payable by said OWNER, his/her successors, heirs, assigns or transferees, immediately upon completion of said improvements, and in the event the same is not paid within thirty (30) days from said completion, the CITY may foreclose said lien as provided by law for the foreclosure of mortgages, and the OWNER agrees that the amount of said lien shall include reasonable attorney's fees which shall be taxed as a cost in any suit for such foreclosure. b) Direct the city Engineer to estimate the cost of the work required to complete said improvements and foreclose said lien in said amount. c) Foreclose said lien as a mortgage. d) Pursue any other remedy, legal or equitable by law for the foreclosure of a lien, and the OWNER, his/her heirs, successors, assigns and transferees shall pay reasonable attorney's fees to be taxed as a cost in said proceedings. 4) That it is agreed that anything herein contained to the contrary notwithstanding, the promises and covenants made herein shall not be binding upon the holders, mortgagees, or beneficiaries of any purchase money mortgage or trust deed, for value which has been or may in the future be executed by the OWNER, his/her heirs, successors, representatives, assigns, or transferees, and the lien hereby created shall be and is hereby subordinated to and declared to be inferior and subsequent in lien to the lien of any such purchase money mortgage or trust deed. The lien hereby created shall likewise be of no force or effect against any owner whose ti tie to the property herein described is acquired by or as a result of a foreclosure or trustee's sale of any such first mortgage or first trust deed. 5) That at any time during the period herein provided, the OWNER, his/her heirs, successors, representatives, assigns, or transferees, may place a cash deposit or post a form of surety satisfactory to the CITY to charge said surety with the cost of said improvements, the amount of security to be the estimated cost of improvements, as ascertained by the City Engineer and that upon deposit of said cash or posting of said surety the CITY agrees to release the property, or any portion of it under single ownership, from the provisions of the Agreement, and to execute any necessary release to enable the OWNER, his/her heirs, successors, representatives, assigns, or his/her transferees to clear the record title of the property so released of the lien herein imposed. bp3753 . . 12 6) The OWNER will cause to be constructed, in accordance with CITY standards, at his/her cost and expense, the following improvements: As shown on Approved Plan N fA dated - ~u~ E. #l~ Signature of owners to be notarized. Attach the appropriate acknowledgements. ~(fJ;J ~NraJJ/) Alan D. Archibald Director of Engineering Services bp37s3 . . 13 ATTACHMENT "A" The property referenced by this agreement is described as follows: LOT SIN BLOCK "V" OF SEASIDE GARDENS ANNEX, IN THE CITY OF ENCINITAS, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 1801, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY. AUGUST 6, 1924. bp3753 . . 14 EXHIBIT "B" COST ESTIMATE VULCAN AVENUE IMPROVEMENT COVENANT ITEM OTY UNIT UNIT COST TOTAt. STREET: 4 " AC/6" AB 1300 SF $ 2.00 $2,600.00 , 6" CONC. CURB & GUTTER 100 LF $12.60 1,260.00 ,4" PCC SIDEWALK 420 SF 2.90 1,218.00 PCC DRIVEWAY APRON 175 SF 3.70 647.50 SUBTOTAL $5,725.50 10% CONTINGENCIES 572.55 TOTAL $6,298.05 ., . . ACKNOWLEDGEMENT 15 State of california } On July 15, 1997, before me, Georgie L, Salvo, a Notary Public in and for the County of San Diego ss, State of California, personally appeared RUSSELL LEE BENNETT, personally known to me (or proved on the basis of satisfactory evidence) to be the (This area for official sea~ person whose name is subscribed to the wkhin 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 the entity upon behaW of which the person acted, executed the instrument. GEORGIE L SALVO" WrTNESS my hand and official seal. Comm, # 1026845 ~ ~OTAR!,,;:~ ~ORMA :0 ',it c,~., Expires May 15, 1998 . SigMue THIS CERTIFICATE MUST BE nle or Type of D Agreement for Improvements in Public Right- ATTACHED TO THE DOCUMENT of-Way (Lien Contract) DESCRIBED AT RIGHT: Number of Pages 4 attachments Date of Document. July 15, 1997 Signer(s) Other Than Named Above - Alan D. Archibald