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HomeMy WebLinkAboutAgr 2012-04-03 (Martha Company & Town of Tiburon)AMENDMENT #3 TO MEMORANDUM OF UNDERSTANDING The Memorandum of Understanding entered into the 12th day of November, 2009, by and between the Town of Tiburon and Martha Co., as amended on March 22, 2010, and June 9, 2011, is hereby amendeT'as follows: • The termination date shown in Paragraph 10 is changed from June 30, 2012, to December 31, 2013. IN WITNESS WHEREOF, the parties hereto have executed this Amendment # 3 to the Memorandum of Understanding as of the date written below and have initialed the hand-written changes on the attached Exhibit A. Date: TOWN OF TIBURON By:'~~-~-~-- argaret A. Curran 4 own Manager Approved as to Form: BY: Ann Danforth, Town Attorney Date: 3 /a 9//.Z MARTHA COM Y, California co tion By: Mark E. Reed Secretary Approved as to Form: Hanson Bridgett LLP By/: Ma K. McEachron, Esq. 4121507.1 AMENDMENT #2 TO MEMORANDUM OF UNDERSTANDING The Memorandum of Understanding entered into the 12th day of November, 2009 by and between the Town of Tilron and Martha Co., as amended on March 22, 2010, is hereby amended as follows: • The termination date shown in Paragraph 10 is changed from June 30, 2011, to June 30, 2012. .IN WITNESS WHEREOF, the parties hereto have executed this Amendment # 1 to the Memorandum of Understanding as of the date written below and have initialed the hand-written changes on the attached Exhibit A. Date: TOWN OF TIBURON By: Ma et A. Curran Town Manager Approved as to Form: BY: Ann Danforth, Town Attorney Date: Approved as to Form: Hanson Bridgett LLP B y://, ot~~ C'V' C4--k.'_ Mary . McEachron, Esq. MARTHA COMPANY, a Califo is corporation By: Mark E. Reed . Secretary 3028403,1 AMENDMENT #1 TO MEMORANDUM OF UNDERSTANDING The Memorandum of Understanding entered into the 12th day of November, 2009 by and between the Town of Tiburon and Martha Co. is hereby amended as follows: The termination date shown in Paragraph 10 is changed from June 30, 2010, to June 30, 2011. Exhibit 1 to the Memorandum of Understanding, standards cost manly used on delete the sentence, "Such trails shall be constructed to the same Such Marin County Open Space District properties," and to substitute in its-place the sentence, trails are intended to be serviceable single-use (pedestrian) footpaths, as commonly found on steep hillside trails throughout Marin County." IN WITNESS WHEREOF, the parties hereto have executed this Amendment # 1 to the Memorandum of Understanding as of the date written below and have initialed the hand-written changes on the attached Exhibit A. Date: } ° TOWN OF TIBURON By: ~garet A. Conran Town Manager Approved as to Form: , f By. Ann Danforth, Town Attorney Date: MARTHA COMP Y, a C mi r 'on By: Mark E. Reed Secretary Approved as to Form: Hanson Bridgett LLPP By. MaryK. McEachron, Esq. MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding ("MOU") is entered into this / -day of 2009 ("MOU Effective Date") by and between the Town of Tiburon ("Town") and Martba-Go., a California corporation ("Martha"). RECITALS A. Martha owns approximately 110 acres of real property designated as Marin Assessor Parcel No. 059-251-05 located on the Tiburon Peninsula in unincorporated Marin County, California ("Property"), as more particularly described and depicted in Exhibit 1 hereto. B. The County of Marin, Martha, Town, and certain other defendants have engaged in litigation related to potential development of the Property. On December 29, 1976, a Judgment Pursuant to Stipulation was entered into.in United States District Court for the Northern District of California case number C 75 0125 RHS ("1976 Judgment"). On September 4, 2007, a Stipulation for Entry of Judgment Creating Timeline and Procedures for Enforcing Judgment Entered in Martha Co. v. County of Marin, No. C 75 0125 RHS was filed in United States District Court for the Northern District of California case number C 06 0200 SBA ("2007 Stipulation") pursuant to which a Proposed Judgment Pursuant to Stipulation was signed by the United States District Court Judge on November 7, 2007 and filed on November 8, 2007 ("2007 Judgment"). The 1976 Judgment, 2007 Stipulation, and 2007 Judgment (collectively, the "Martha Judgment") granted Martha certain rights to develop the Property as set forth therein. C. Pursuant to the Martha Judgment and in accordance with the California Environmental Quality Act (Public.Resources Code section 21000 et seq.) ("CEQA"), the County, as lead agency, is preparing a draft Environmental Impact Report ("EIR") analyzing various development possibilities for the Property, including the 43-unit development project originally proposed by Martha in its 2007 Application (as that term is defined in the 2007 Stipulation) ("43 Unit Project") and a lower density alternative to Martha's proposal. As used in this MOU, "32-Unit Lower Density Alternative" means a project alternative with a reduced count of 32 units as described in the LDA Development Agreement attached hereto as Exhibit i ("LDA Development Agreement"). D. On July 1, 2009, the Town pre-zoned certain areas outside of the Town's boundaries but within its sphere of influence, including the Property. Martha filed ,1 writ of mandamus (Marin County Case No. CV 093636, "Writ of Mandate") contending, among other things, that (i) the Mitigated Negative Declaration approved by the Town in connection therewith called for future environmental review in order to limit Property development, and (ii) the pre- zoning was the first step in an impermissible piecemeal approach to Property annexation. The Town denies Martha's allegations. E. Martha desires to develop the Property in accordance with the Martha Judgment; the Town desires that the Property be developed at a lower density. The parties disagree whether Martha's rights under the Martha Judgment would bind the Town if the Town were to annex the Property. 1222869v7 2914610011 EXHIBIT A F. The parties now desire to enter into this MOU to set forth their mutual understandings and commitments with respect to the proposed development of the Property. Without admitting any issue of fact or law, the parties agree that entry into this MOU is in good faith and in the public interest, and is designed to avoid litigation between Martha and the Town with respect to the P;pf4rty. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. corporation of Recitals and Exhibits. The recitals set forth above, and all defined terms set forth in such recitals and in the introductory paragraph preceding the recitals, and the Exhibit attached hereto are hereby incorporated into this MOU as though set forth.in full. 2. 32-Unit Lower Density Alternative. a. The parties acknowledge that the scope of any proposed development on the Property would-be dependent on the findings in an EIR, and certification of the EIR by the County. b. Should changes be made by the County to the 32-Unit Lower Density Alternative which are unacceptable to the Town or to Martha, including without limitation changes in the number of lots, changes in the maximum permitted square footage of homes and ancillary structures, reconfiguration of lots or imposition of unexpected fees or mitigations, neither the Town nor Martha will be under any obligation to proceed with commitments hereunder, except that the parties will meet and confer in good faith for up to 90 days to reach a resolution acceptable to both parties. In such event, Martha and Town each commit in good faith to work together with each other and the County towards a mutually agreeable development alternative substantially consistent with the 32-Unit Lower Density Alternative. Nothing contained in the LDA Development Agreement shall be construed as limiting the generality of the foregoing. 3. Martha Support of 32-Unit Lower Density Alternative. a. Martha, on behalf of itself and its shareholders and its and their heirs, executors, successors and assigns, agrees to accept the 32-Unit Lower Density Alternative as described in the LDA.Development Agreement, and to provide the County and Town with a written waiver, in form reasonably acceptable to County and Town, of all rights to approval of any project which would involve a subdivision of more than 32 lots or result in a development of greater height, bulk, square footage size or floor area ratio than the 32-Unit Lower Density Alternative, within 10 days after all of the following occur: i) the 32-Unit Lower Density Alternative as described in the LDA Development Agreement is found by the County of Marin to be an environmentally prudent course of action; -and ii) the County joins with Martha in petitioning the United States District Court for the Northern District of California to enter an amended judgment incorporating the Page 2 12228690 29146/0011 32-Unit Lower Density Alternative as described in the LDA Development Agreement, and the Town appears in such proceeding in support; and iii) . the County in fact enters into a development agreement with Martha substantially in the fc 1m attached hereto as Exhibit 1, and such development agreement becomes effective.. Martha agrees to take all actions on its part necessary to ensure that the foregoing three events in fact occur, including without limitation providing the County with the necessary information to evaluate the 32-Unit Lower Density Alternative for CEQA purposes, originating or joining in a petition with the County for an amended judgment, and executing a development agreement with the County in substantially the form attached as Exhibit 1, provided however that Martha need not incur any costs in connection with a referendum campaign, if one should be necessary. b. Martha shall cooperate and negotiate in good faith with the County and Town for reasonable modifications to the 32-Unit Lower Density Alternative to accommodate changes and mitigation measures identified in the EIR. C. Martha. shall support the Town's efforts as set forth in MOU section 4. d. In the event that, through no fault of Town, the procedures contemplated herein cannot reasonably be accomplished within the time deadline set under the Martha Judgment, Martha will grant the County in writing a reasonable extension of such deadline as necessary to conclude these procedures. 4. Town Support of Lower.Density Alternative Project. Subject to Town concluding that the 32-Unit Lower Density Alternative will not result in conditions dangerous to health and safety, as provided in section 5 below, the Town agrees to support approval of the LDA Development Agreement attached hereto as Exhibit 1. Such support would be in the form of a Town resolution (adopted concurrent with approval of this MOLT) urging the County to: a. Evaluate the 32-Unit Lower Density Alternative as a project alternative in the draft EIR. b. If the 32-Unit Lower Density Alternative is found environmentally epqual or superior to the 43 Unit Project, approve the master plan, tentative subdivision map, and precise development plan applications based on the 32-Unit Lower Density Alternative and enter into the LDA Development Agreement with Martha for the Lower Density Alternative substantially the form attached hereto as Exhibit 1. C. Require as a condition of the LDA Development Agreement the entry of a substitute judgment ("Substitute Judgment") by the federal court under its continuing jurisdiction, said Substitute Judgment superseding the Martha Judgment and incorporating: (i) the terms of the LDA Development Agreement for the 32-Unit Lower Density Alternative; Page 3 12228690 29146/0011 (ii) Martha's acknowledgment that the Martha Judgment is superseded and that Substitute Judgment will subsequently control future development rights and obligations with respect to the Property; (iii) County's-acknowledgement that Martha's rights under LDA Development Agreerfieni create no health or safety issues; (iv) Martha's dismissal with prejudice of the Writ of Mandate concurrent with full execution of the LDA Development Agreement, and (v) provisions to ensure clarity and enforcement so that the Town and Martha receive the benefit of this MOU, and the Town, Martha, and County receive the benefit of the Substitute Judgment and the LDA Development Agreement. 5. Review of Health and Safety Issues. Town agrees that it will review the County EIR when certified in order to determine whether there are any health and safety constraints on the 32-Unit Lower Density Alternative. Town further agrees to conduct all other reviews, studies, and analyses necessary to satisfy itself that implementation of the 32-Unit Lower Density Alternative, including required mitigation measures, will not result in conditions dangerous to health and safety. The Town reserves full and complete discretion with respect to the conduct of such review and the making of such findings. Provided the Town reaches this conclusion after its own independent review, Town hereby agrees to execute the certification attached to the LDA Development Agreement as Exhibit E. If the Town is unable to reach the conclusion that the 32-Unit Lower Density Alternative will not result in conditions. dangerous to health and safety, then this MOU shall automatically terminate and thereafter both parties shall be released from their obligations hereunder. 6. Agreement to Term of Development A eement. The Town hereby agrees that, if a Development Agreement is' entered into between Martha and the County in substantially the form attached hereto as Exhibit 1, then such agreement may have a term of fifteen (15) years after annexation, or the then-remaining duration of such LDA Development Agreement, whichever is shorter, and the Town will execute a consent to such duration in substantially the form attached'as Exhibit F to the LDA Development Agreement. 7. Annexation into Sanitary District. To the extent consistent with the findings of the EK the Town will support annexation of the Property into.the public sanitary district, or, in its discretion, the Town will enter into a deferred annexation agreement to permit annexation of the Property into the public sanitary district prior to annexation into the Town. 8. Slav of Writ of Mandate Litigation. The parties agree to stay the Writ of Mandate litigation during the term of this MOU, and shall jointly submit to the court any necessary papers in that regard, including a request for a CCP § 1494.5(g) stay. 9. Property Annexation. a. Martha acknowledges that the Town has made no commitments as to whether or not the Town will annex the Property. Page 4 1222869v7 29146/0011 b. Subject to satisfaction of the conditions precedent is section 3.a.(i) - (iii) above, and upon request of Town, Martha will support annexation of the Property by the Town,' including without limitation by supporting governmentally required submissions necessary or desirable to accomplish such annexation and, if requested by Town, attendance and expressed public support of the Property annexation. 1 C. Town acknowledges that annexation of the Property may effectively shorten Martha's desired 20 year term of the LDA Development Agreement; as such, the Town would abstain from Property annexation until the earlier of (i) recordation of the first final map for the Lower Density Alternative, or (ii) five (5) years after the effective date of the LDA Development Agreement, or (iii) the effective date of any subsequent development agreement entered into between the Town and Martha. 10. Expiration: Termination; Periodic Review. If the LDA Development Agr=enL_--,;, has not been finalized, approved and fully executed by County and Martha by or jone 3 9, such other date as mutually agreed in writing by the parties ("Outside Date"), this MOU shall automatically terminate and be of no further force or effect, and neither party shall have any further obligations hereunder. If (a) the EIR is not certified, (b) the 32-Unit Lower Density Alternative is not found environmentally equal or superior to the 43 Unit Project and the parties cannot agree to a development alternative substantially consistent with the 32-Unit Lower Density Alternative, or (c) a development agreement other than the LDA Development Agreement is executed without the Town's consent, then the parties' obligations under this MOU f shall terminate as of the earliest date of any such event, as if such date were the Outside Date. Notwithstanding the foregoing, the parties may amend this MOU (including to extend or J u r-L e. _3 0 terminate the term hereof) upon mutual written agreement, and shall review this MOU on an as- a o needed basis, but at least every six (6) months, to consider whether any amendments are necessary or desirable. 11 Notices All ti i d e ' ' . . no ces requ re und r this MOU shall be made in writing and sent to the parties at their respective addresses specified below or to such other address as a party may designate by written notice delivered to the other parties in accordance with this section 1 I . All such notices shall be sent by: (a) personal delivery, in which case notice is effective upon delivery; (b) overnight courier, in which case notice shall be deemed delivered upon receipt, as evidenced by a record of delivery; or (c) facsimile transmission, in which case notice shall be lecembt r 31) deemed delivered upon transmittal, as evidenced by a transmission report reflecting the accurate a O 3 transmission thereof, provided that a duplicate copy of the faxed notice is promptly delivered by d S i te Un tates mail (first class with postage prepaid). Any notice given by facsimile shall be . considered to have been received on the next business day if it is received after 5:00 p.m. 0 California time or on a non-business day. _4 Town: Town of Tiburon 1505 Tiburon Boulevard Tiburon, CA 94920 Attention: Town Manager Telephone: (415) 435-7373 Facsimile: (415) 435-2438 Page 5 1222869x7 29146/0011 with a copy to: Town of Tiburon 1505 Tiburon Boulevard Tiburon, CA 94920 Attention: Town Attorney Telephone: (415) 435-7373 Facsimile: (415) 435-2438 Martha: Martha Co. 405 Via Del Norte, Suite D La Jolla, CA 92037 Attention: John W. Reed Telephone: (858) 459-3388 Facsimile: (858) 459-3380 with a copy to: Hanson Bridgett LLP 80 E. Sir Francis Drake Boulevard, Suite 3E Larkspur, CA 94939 Attention: Mary K. McEachron, Esq. Telephone: (415) 925-8400 Facsimile: (415) 925-8409 12. Applicable Laws. The parties shall comply with all applicable statutes, ordinances, laws, rules, regulations and requirements under Federal, State, County, Town and other applicable authority with respect to implementation of this MOU. 13. Limitations of the MOU. While this MOU has been prepared in order to set forth the parties' mutual understandings and commitments with respect to the proposed development of the Lower Density Alternative on the Property pursuant to the LDA Development Agreement between County and Martha, Martha acknowledges and agrees that, by execution of this MOU, the Town is not committing to or agreeing to annex the Property, assume any development agreement, or undertake any other acts or•activities or issue any approvals requiring the subsequent independent exercise of discretion by the Town Council, Planning Commission or Design Review Board, other than as specifically set forth and agreed under this MOU. Nothing in this MOU shall be deemed to require the Town to initiate the annexation process for the Property. 14. Assignment. This MOU shall not be-assigned by any party 15. Governing Law: Venue. The interpretation, validity and enforcement of this MOU shall be governed by and construed under the laws of the State of California, excluding its conflict of laws rules. 16. Authority to Enter into MOU. The individuals executing this MOU on behalf of the Town and. Martha each represent and warrant that they have the right, power, legal capacity and authority to enter into and to execute this MOU. Page 6 1222869v7 29146/0011 17. Severability. If any provision of this MOU or the application of any such provision shall be held by a court of competent jurisdiction to be invalid, void or unenforceable to any extent, the remaining provisions of this MOU and the application thereof shall remain in full force and effect and shall not be affected, impaired or invalidated. 18. InterpVfation. As used in this MOU, masculine, feminine or neuter gender and the singular or plural number shall each be deemed to include the others where and when the context so dictates. The word "including" shall be construed as if followed by the words "without limitation." This MOU shall be interpreted as though prepared jointly by all parties. This MOU may only be amended by mutual written agreement of the parties. No waiver by Town of any breach or default of any provision of this MOU or any amendment shall be deemed a waiver of any other provision hereof or of any subsequent breach or default of the same or any other provision. Nothing contained herein nor any acts of the parties hereto shall be deemed or construed by the parties hereto, nor by any third party, as creating the relationship of principal and agent or of partnership or of joint venture by the parties hereto. 19. Entire Agreement; Counterparts. This MOU (including the exhibit attached hereto) contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, oral and written, between the parties with respect to such subject matter. This MOU may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. 20. Reirnb„ursement of Fees and Costs. Upon execution of the LDA Development Agreement, Martha will pay Town the amount of seventeen *thousand five hundred dollars ($17,500) to reimburse Town for a portion of its processing and legal fees in connection with the negotiation and drafting of the MOU, including form of LDA Development Agreement. - Fees and costs reimbursable to the Town pursuant to this MOU shall be dub and payable within fifteen (15) days after the County approves the LDA Development Agreement. Any unpaid fees and costs shall bear interest at the lower of 1.0% per annum or the highest rate allowable by applicable law until paid. If the LDA Development Agreement is not approved, Martha shall have no obligation to reimburse Town therefor. IN WITNESS WHEREOF, the parties hereto have executed this MOU as of the MOU Effective Date. [SIGNATURES ON FOLLOWING PAGE] Page 7 1222869v7 29146/0011 TOWN OF TIBURON By: garet A. Curran Town Manager Approved as to Form: By: Ann Danforth, Town Attorney Approved as to Form: Hanson Bridgett LLP By: Mary. McEachron, Esq. MARTHA CO., ifo i rp r By: Mark E. Reed Secretary Page 8 1222869v7 29146/0011 EXHIBIT "1" RECORDING REe76TED BY AND WHEN RECORDED RETURN TO: Marin County Community Development Agency 3501 Civic Center Drive #308 - San Rafael, CA 94903--4157 Attn: Community Development Agency Director Space Above This Line Reserved for Recorder's Use Exempt from Recording Fee Per Government Code Section 273 DEVELOPMENT AGREEMENT BY AND BETWEEN THE COUNTY OF MARIN AND MARTHA CO. WITH RESPECT TO EASTON POINT Effective Date: TABLE OF CONTENTS Page - RECITALS ..................................................................................................................'I ARTICLE I REL'AT`IONSHIP TO 2010 JUDGMENT.. Section 1.1 2010 Judgment ..................................................................................5 Section 1.2 Owner's Relinquishment of Prior Claims ............................................5 Section 1.3 Acknowledgement of Rights of Owner. ..............................................5 Section 1.4 Entitlement to Full Benefit and Term of Agreement ............................6 Section 1.5 Condition Precedent to Termination or Modification Pursuant to Gov't Code § 65865.1 ....................................................................6 Section 1.6 Condition Precedent to Termination, Modification or Suspension for Health and Safety or Other Reasons .........................6 Section 1.7 Representations Concerning Health and Safety ................................7 ARTICLE 11 PROPERTY AND TERM .........................................................................7 Section 2.1 Property Subject to Agreement ...........................................................7 Section 2.2 Term of Agreement ........7 Section 2.3 Extensions of Term ...........................................................................8 Section 2.4 Effect of Termination of Agreement .................................................10 ARTICLE III REALIZATION OF BENEFITS BY THE COUNTY .................:...........:.17 Section 3.1 Reduction in Density ..............................................:.........................11 Section 3.2 Dedication of Land for Public Purposes ...........................................11 Section 3.3 Improvement of Pedestrian Access to Open Space 12 Section 3.4 Infrastructure and Street Improvements 12 Section 3.5 Conditions, Covenants & Restrictions ..............................................13 ARTICLE IV PE Section 4.1 Section 4.2 Section 4.3 Section 4.4 Section 4.5 Section 4.6 Section 4.7 !RMITTED DEVELOPMENT .............................................................13 13 Permitted Use of Property -Residential Lots ...............................................................................13 Dedicated Open Space ...................................................................18 20 Water Tank Sewers ................................................................................:...........21 Roads and Driveways ......................................................................21 Staging and Stockpiling ...........................................................22 TABLE OF CONTENTS (continued) Page ARTICLE V VESTING ...............................................................................................22 Section 5.1-- = Vesting 22 Section 5.2 Vested Elements 23 Section 5.3 Development Standards 23 Section 5.4 Fees and Mitigations for Subdivision Improvements 24 Section 5.5 Foes and Mitigations for Individual Home Construction 26 Section 5.6 Phasing of Maps Permitted 27 Section 5.7 Timing and Duration of Phased Development 27 Section 5.8 Compliance with Other Laws Section 5.9 Building Requirements 29 . Section 5.10 . Life Safety Matters 29 Section 5.11 Procedural Matters 29 Section 5.12 Permits and Approvals from Other Agencies 29 ARTICLE Vi SUBSEQUENT APPROVALS ..........:...................................................30 Section 6.1 Subsequent Approvals ....................................................................30 Section 6.2 Processing Applications for Subsequent Approvals....... ..................31 Section 6.3 Additional CEQA Processing ...........................................................31 ARTICLE VIi OBLIGATIONS OF THE PARTIES .......................................................32 Section 7.1 Owner ................................................................................................32 Section 7.2 County ..............................................................35 ARTICLE VIII DEFAULT AND REMEDIES......... ......................................................36 Section 8.1 Notice of Breach / Meet and Confer .................................................36 Section 8.2 Request for Notice........ ...................................................4 37 Section 8.3 Remedies for Breach ........................................................................37 ARTICLE IX ANNUAL REVIEWS AND AMENDMENTS 41 Section 9.1 Annual Review ........:.......................................................................41 Section 9.2 Procedures to Amend................ ......................................................42 Section 9.3 insubstantial Amendments ...............................................................42 Section 9.4 Amendments to Development Agreement Legislation .....................42 Section 9.5 Amendment of Existing Approvals ...:...........43 TABLE OF CONTENTS (continued) Page ARTICLE X TRANSFERS AND ASSIGNMENTS........... ..........................................43 Town as Successor-in-interest to County 43 Section 14.1- :...44 Section 10.2 Right to Assign I Section 10.3 Release Upon Transfer ...................................................................44 Section 10.4 Covenants Run with the Land .................45 Section 10.5 Future Lot Owners and HOA as'Third-Party Beneficiaries ...............45 ARTICLE XI MORTGAGE PROTECTION, CERTAIN RIGHTS OF CURE ...............46 Section 11.1 Mortgage Protection .....................:..................................................46 Section 11.2 Mortgagee Not Obligated .................................................................46 Section 11.3 Notice of Default to Mortgagee .........................................................46 ARTICLE Xli GENERAL PROVISIONS ......................................................................47 Section 12.1 Common Sense Interpretation .........................................................47 Section 12.2 Private Undertaking; Indemnification ...........................................47 Section 12.3 No Joint Venture or Partnership 48 Section 12.4 Notices, Demands and Communications between the Parties 48 Section 12.5 Waivers ...........................................49 Section 12.6 County Approvals and Actions ...........................................49 Section 12.7 Severability ...........................................49 Section 12.8 Section Headings .............49 Section 12.9 Entire Agreement ...........................................50 Section 12.10 Estoppel Certificate ...........................................50 Section 12.11 Applicable Law ..............50 Section 12.12 Consistency with County Ordinance ...........................................51 Section 12.13 Recordation .......#..................51 Section 12.14 Definitions ...........................................51 DEVELOPMENT AGREEMENT BY AND BETWEEN THE COUNTY OF MARIN AND MARTHA CO. WITH RESPECT TO EASTON POINT THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered into as of the day of 2010, by and between the COUNTY OF MARIN, a governmental entity organized and existing as a county under the laws of the State of California ("County"), and MARTHA CO., a California corporation ("Owner"). RECITALS The following recitals are a substantive part of this Agreement and incorporated herein by this reference: A. In order to diminish the waste of economic resources and promote certainty in construction of development projects, the Legislature of the State of California enacted Sections 65864 et seq. of the Government Code (the "Development Agreement Legislation"), which authorizes the. County and an applicant for a development project to enter into a development agreement, establishing certain rights in the property which is the subject of the project application. B. Owner is the owner in fee of approximately one-hundred-ten (110) acres of real property on paradise-Drive in unincorporated Marin County adjacent to the Town of Tiburon, which property is known as Easton Point, Marin Assessor's Parcel No. 059-251-05, and described in the legal description attached as Exhibit A and the map attachedr as Exhibit B ("Property"). C. On December 29, 1976, judgment was entered in federal court requiring the County to approve a minimum of forty-three (43) homes on minimum half-acre Jots on the Property ("1976 Judgment°). On November 8, 2007, a second federal court judgment ("2007 Judgment") was entered creating a binding timeline and procedures for enforcing the 1976 Judgment. EXHIBIT a TO MEMORANDUM OF UNDERSTANDING 11/12/09 1 D. During 2008, Owner filed an application with County for approval of forty-three homes, and in accord with its obligations under the 2007 Judgment, County has processed such application. Pursuant t9 the California Environmental Quality Act ("CEQA"), on 2010, County certified an Environmental Impact Report ("EIR") with respect to such application. Such Elk determined that no unmitigatable health or safety impact. precluded development of forty-three homes on this site. Therefore, pursuant to the terms of the 2007 Judgment, the County would be required to approve forty-three homes on this site absent the Owner's written acceptance of fewer homes. E. On October 26, 2009, by Resolution No. , the Town of Tiburon ("Town") had proposed that, in conducting environmental review for the Easton Point proposal, the County should also evaluate 'the, 32-Unit Lower Density Alternative, the plan for which is attached hereto as Exhibit C, incorporated herein by reference, and further described in ARTICLE IV, infra ("32-Unit I-DA ° or "Project"). F. On October 26, 2009, the Town, by Resolution No.. authorized a Memorandum of Understanding ("MOU") with Owner for the purpose of restricting Owner's development rights to those described in the 32-Unit LDA, provided that such alternative was found to be environmentally equal or superior-to the pending forty-three unit proposal. Pursuant to such MOU and subject to the completion of CECQA review and adoption of a binding development agreement - Owner agreed to limit future development of the Property to the 32- Unit LDA. M G. Resolution No. of the Town of Tiburon also urged that, in the event the County determined the 32-Unit LDA to be environmentally equal or superior to the pending 43- unit application, the County should enter into a development agreement with Owner for the purpose of carrying out the intent and purposes of the MOU. H. In certifying the Easton Point EIR on 2010, the County in fact determined that the 32-Unit LDA was environmentally superior to the pending application for 2 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 forty-three homes. The County has therefore determined that, by entering into this Development Agreement, it is not-only conforming to the October 2009 recommendation of the Town of Tiburon, but': also implementing an environmentally superior alternative while simultaneously complying with its obligations under the 1976 and 2007 Judgments. For the reasons stated herein, among others, County and Owner have determined that a development agreement is appropriate for this Project. This Agreement will eliminate uncertainty in planning for and securing orderly development of the Property and will otherwise achieve the goals and purposes for which the Development Agreement Legislation was enacted. J. The terms and conditions of this Agreement have undergone extensive review by County and Tiburon Staff, the Board of Supervisors, and the Tiburon Town Council at publicly- noticed meetings and have been found to be fair, just, and reasonable, especially in light of Owner's pre-existing rights under the 1976 and 2007 Judgments. K. County has given notice of its -intention to adopt this Agreement, has conducted public hearings thereon pursuant to Government Code Section 65867, and the Board of Supervisors hereby finds that: (1) The provisions of this Agreement. and its purposes are consistent with the mandatory goals, policies, and standards specified in the Countywide Plan and compatible with the uses authorized in, and the regulations prescribed for, the land -use district in which the real property is located. (2) The provisions of this Agreement and its purposes are consistent with the precatory goals, -policies, and standards specked in the Countywidt Plan to the greatest extent legally feasible under the 1976 and 2007 Judgments. (3) This Agreement would facilitate important economic, social, environmental and planning goals of the County and the Town and' is in conformity with public convenience, general welfare and good land use practice. (4) The Owner has made commitments to a high standard of quality and has agreed to development limitations beyond those permitted under the 1976 and 2007 Judgments, and therefore beyond the limitations which the County could otherwise legally demand. 3 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (5) This Agreement complies in all respects with the County's Resolution No. Establishing Procedures and Requirements for the Consideration of Development Agreements Under Government Code Sections 65864-65869.5 (the "Development Agreement Resolution"). (6) ----fhe subdivision to which this Agreement pertains is not within -the definition of "Subdivision" found in Government Code § 66473.7. (7) This Agreement will not be detrimental to health, safety and general welfare. L. The Project, as described at Exhibit C and in ARTICLE IV, infra, was the subject of extensive alternatives analysis in an EIR prepared and adopted in accordance with CEQA. The Board of Supervisors has found that there is no significant change in the Project or in the environmental setting in which the Project is to be undertaken, nor have any material facts been ascertained with respect to the Project or its environmental setting, since certification of the EIR which would require further study or analysis under CEQA. Accordingly, the Board of Supervisors finds that this Agreement complies with the requirements of CEQA. M. The following development approvals, entitlements, policies and findings have been adopted by the County and applied to the Project: (1) The "Rezoning," as approved by Ordinance No. on 2010; (2) The "Master Plan" (MP 09-2), as approved by Resolution No. on 2010; (3) The "Tentative Subdivision Map" (SD 09-1), as approved by Resolution No. on , 2010; (4) The "Precise Development Plan" (DP 09-4), as approvedNby Resolution No. on , 2010; (5) Approval of "Exceptions- to Subdivision Standards," as adopted by Resolution No. on , 2010; and (6) Resolution No. on 2010, certifying the. Environmental . Impact Report, adopting . a Statement of Overriding Considerations, and adopting a Mitigation Monitoring Program. The approvals and development policies described in subparagraphs M(1)-through M(6) above shall be collectively referred to herein as the "Existing Approvals." 4 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12109 N. . On , 2010, the County adopted its Ordinance No. approving this Agreement, and such Ordinance thereafter became effective on _ 2010 (the "Effective Date"). NOW, THEREFORE, County and Owner agree as follows: ARTICLE 1 RELATIONSHIP TO 2010 JUDGMENT Section 1.1 2010 Judgment. On 2010, Owner and County petitioned the United States District Court for the Northern District of California -.pursuant to its continuing jurisdiction under the 2007 Judgment to enter a new judgment. superseding the 1976 and 2007 Judgments and incorporating instead all terms and conditions of this Development Agreement. The Town appeared in those proceedings to support entry of such judgment. The court having entered a superseding judgment on 2010 ("2010 Judgment," attached hereto as Exhibit Q), the terms and conditions of this Agreement shall henceforth govern the rights and obligations of the Owner, the County, and the Town concerning the Property. It is the intent of the Owner, the County, and the Town that such accord shall now fully and finally resolve all disputes, disagreements, litigation, and.threats of litigation among them concerning future uses of the Property. Section 1.2 Owner's Relinquishment of Prior Claims. Owner irrevocably relinquishes all right and claim to construct more than the thirty-two units described herein or to construct such units on terms materially different from those described in ARTICLE IV, infra. w Section.1.3 Acknowledgement of Rights of Owner. In exchange for Owner's relinquishment of the right to construct the forty-three units otherwise permitted under the 1976 and 2007 Judgments, County, by requesting the court to enter its 2010 Judgment, and Town, by supporting said request, have acknowledged the right of Owner to. construction of the thirty-two unit Project described herein. 5 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING IIM2109 Section 1.4 Entitlement to Full Benefit and Term of Agreement. Owner shall have the full term of,protection afforded by-this Agreement, and no technicality, mistake, or inadvertency will be used to deny Owner the full twenty years (or fifteen years after annexation) of protection so afforded. To this end the County (and upon annexation, the Town) shall work with Owner to ensure that any perceived breach or default is promptly resolved, and extensions occur as scheduled, in the absence of a finding by United States District Court for the Northern District of California that termination of the. Agreement is warranted under Section 8.3(b), .'infra, by reason of a default on Owner's part which is continuing and unremediated despite a prior directive of such court as described below in Sections 1.5 and 1.6. Section 1.5 Condition Precedent to Termination or Modification Pursuant to Gov't Code § 65865.1. Prior to termination or modification of this Agreement pursuant to Government Code § 65865.1, County (or upon annexation, Town) shall petition the United States District Court for the Northern District of California - pursuant to its continuing jurisdiction under the 2010 Judgment - for a resolution of any dispute between itself and Owner concerning compliance with this Agreement and shall subsequent to such ruling afford Owner a reasonable opportunity to bring itself into'conformity with the ruling of the court. Section 1.6 Condition Precedent to Termination Modification or $uspension for Health and Safety or Other Reasons_ Prior to termination,. modification, or suspension of this Agreement for any reason other than that described in Section 1.55, supra,, including for reasons described in Gov't Code § 65865.3, County (or upon annexation, Towq) shall petition the United States District Court for the Northern District of California - pursuant to.its continuing jurisdiction under the 2010 Judgment - for a determination of whether such health and safety issues or other reasons permitted by law ' for modification or termination of a development agreement can feasibly be addressed by means which do not deprive Owner of the benefit of this Agreement. The parties shall work cooperatively to implement any resultant directive of the court. 6 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/0'9 Section 1.7 Representations Concerning Health and Safety. County represents that it has reviewed the EIR analysis for the 32-Unit LDA and has satisfied itself that implementation of such alternative, including required mitigation measures, will not result in conditions dangerous to health and safety. In reaching this conclusion, County has relied as well on the representations of the Town of Tiburon, attached hereto as Exhibit E and incorporated herein by reference, that the Town also has reviewed the EIR analysis for the 32-Unit LDA and has conducted all reviews, studies, and analyses necessary to satisfy itself that implementation of the 32-Unit LDA described herein, including required mitigation measures, will not result in conditions dangerous to health and safety. ARTICLE 11 PROPERTY AND TERM Section.2.1 Property Subiect to Agreement. All of Owner's Property described and depicted at Exhibits A and B shall be subject to this Agreement. Section 2.2 -Term of Agreement. The term of this Agreement shall commence upon . its Effective Date and shall continue in full force and effect until the expiration date determined in accordance with this Section 2.2, except as otherwise provided in Section 2.3 and ARTICLE Vill. (a) Initial Term. The initial term of this Agreement shall extend through the tenth anniversary date of its Effective Date. (b) Two 5-Year Extensions. Provided that Owner is not in P continuing, unremediated default under the terms of this Agreement that it has failed to remedy despite the proceedings described at Sections 1.4 to 1.5 and ARTICLE Vil 1, infra, at the expiration of the initial term, or the first extended term, as the case may be, then the term of this Agreement shall be extended as provided in this subsection (b). The first such extension shall extend the term of this Agreement through the fifteenth anniversary of its Effective Date, the second such extension, shall extend the term of this Agreement through the twentieth anniversary of its EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Effective Date. If the first extension does not commence, the second extension shall automatically terminate. (c) Notice and Cure of Default with Respect'to Extensions. Within one month following the 9th and 14th Annual Reviews held pursuant to Section 9.1, infra, County. shall use the procedure described in Section 8.1, infra, to notify Owner of any event of default which would justify denial of an extension under Section 2.2(b). Such Notice of Breach shall inform Owner of all steps required to bring itself into compliance with this Agreement. Upon receipt of evidence that such default has been cured, County will provide Owner with a written statement that such default has been cured and the Agreement will be extended according to its terms. If the parties disagree as to whether a default has occurred that would warrant denial of an extension, or if the parties disagree as to the steps necessary to cure such default, the parties shall meet and confer, and otherwise pursue the means of resolution set forth in Section 8.3, infra, so that defaults can be timely cured prior to commencement of the extension term and extensions granted in the ordinary course. (d) Effect of Annexation. In, accord with the Town of Tiiburon's written consent, attached hereto as Exhibit F and incorporated herein by reference, if the Property or any portion thereof is annexed into the Town of Tiburon, then the remaining tern of this Agreement as it applies to any portion of the Property annexed into Tiburon shall be the earlier of: (i) the remaining duration of this Agreement, as described in Section 2.2(a)-(c),, supra; or (ii) fifteen (15) years from the effective date of annexation. If Section 2.2(d)(ii) becomes applicable, then Section 2.2(a)-(c) shall continue to apply according to their terms, but only through the fifteenth anniversary of the effective date of annexation. Section 2.3 Extensions of Term. (a) Extensions of Term Due to Moratoria. While this Section 2.3(a) addresses extensions of term *of the Agreement in the event of moratoria, nothing in this Section 8 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 2.3 is intended to confer on the County or any related agency any right to impose any such moratoria or interruption, except as otherwise expressly provided herein. For purposes of this section, a development moratorium includes a water or sewer moratorium, as well as other actions of public agencies that regulate land use, development, or the provision of services to the Property, including the County, which thereafter prevents, prohibits, or delays construction or occupancy or the approval of an entitlement required for the Project ("Project Approval"). A development moratorium shall also be deemed to exist for purposes of this section for any period of time during which a condition imposed by the County could not be satisfied because the condition was one that, by its nature, necessitated action by County, and the County either did not take the necessary action or by its own action or inaction was prevented or delayed in taking the necessary action. (ii) ' If Owner believes that any development moratorium would delay construction or occupancy, or receipt of a Project Approval, or performance of a condition that the County imposed in the Existing Approvals or any subsequent permit, it shall notify the County in writing. During any development moratorium that applies to the Project and could reasonably be expected to postpone the construction of improvements at the Project, the running of the term of this Agreement shall be suspended without further act of the parties. At the end of such moratorium, the. term of this Agreement shall recommence to run. All date references in this Agreement, such as references to "fifteen (15) years from the effective date of annexation" or to the "9th and 14th Annual Reviews," shall be adjusted accordingly! (iii) In the event of a moratorium which lasts more than twelve (12)' years: It is the intent of the parties that Owner be "credited° with only twelve (12) years of suspension due to any single moratorium. Therefore, once the running of the term of this Agreement recommences after such moratorium, the remaining term shall be adjusted in accord with this intent. 9 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (b) Extension of Term Due to Uncontrollable Events. if, during the final five years of the term *of this Agreement, an "Uncontrollable Event" occurs or, continues which interferes with, Project completion, then the term of this Agreement shall be automatically extended for the same period as the duration of the Uncontrollable Event, but not more than two years, provided that Owner sends to County a notice claiming such extension within sixty (60) days of the commencement of the Uncontrollable Event or two years prior to the expected termination date of this Agreement, whichever is later. An "Uncontrollable Event" must be one which in fact interferes with the ability to continue the Project and is limited to the following: war; insurrection; strikes; lockouts; riots; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; epidemics; quarantine restrictions; freight embargoes; governmental restrictions or priority; litigation; unusually severe weather; acts or omissions of County; acts or failures to act of any other public or governmental agency or entity. Adverse changes in economic conditions, in.market conditions or demand, or in ability to obtain financing shall not constitute Uncontrollable Events. (c) Other Extensions. Except as otherwise specifically provided in Sections 2.2 and 2.3(a) and (b), any further extension of the term of this Agreement shall require the approval of the County Board of Supervisors, which may be given or withheld in its sole discretion. Section 2.4 Effect of Termination of Agreement. Notwithstanding the termination of this Agreement according to its terms: w (a) Subdivision Lots. With respect to each of the thirty-one subdivision lots shown on Exhibit C hereto ("Subdivision Lots"), so long as both (i) conduits intended to provide water, sewer, and electric service and (ii) road paving have been installed to the lot line of such Subdivision Lot prior to the termination of this Agreement, then the owner of such Subdivision Lot shall retain a vested right to construct a home on such site in compliance with the terms of Section 42(g), infra, for a period of thirty (30) years from the Effective Date of this Agreement. 10 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (b) Remainder Lot. The owner of the remainder lot shown on Exhibit C hereto ("Remainder Lot") shall continue to have a vested right to construct a home on such site in compliance with he--terms of Section 4.2(g), infra, for a period of thirty (30) years from the Effective Date of this Agreement. (c) Indemnification Provisions. Owner's agreement to indemnify the County pursuant to Sections 4.3(b.)(vii) and 12.2, infra, shall survive the termination of this Agreement. ARTICLE III REALIZATION OF BENEFITS BY THE COUNTY Section 3.1 Reduction in Density. As consideration for this Agreement, Owner has agreed to accept a reduction in density from the forty-three (43) units otherwise required to be approved pursuant to the 1976 and 2007 Judgments to the thirty-two (32) units described herein. Section 3.2 Dedication of Land for Public Purposes. As further consideration for this Agreement, Owner shall make an irrevocable offer to dedicate approximately fifty-nine (59 acres for open space purposes in the configuration shown -at Exhibit C, but with the precise acreage dedicated to open space depending on the final record-of-survey acreage of -the Property and the final size of Parcel C. This dedication is in excess of the required dedication of 48% of the Property under the 1976 and 2007 Judgments. Owner will make an irrevocable offer to dedicate and convey for public purposes the lands shown as Parcels A, B, and C on Exhibit C at the time of recordation of the first final map for Easton Point. Subject to the reservation of rights and easements over such Parcels described in Section 4.3, infra, Owner agrees to convey Parcels A and B for. open space purposes to the Marin County Open Space District or such other public or nonprofit conservation / open space entity as designated by the County in consultation with the Town of Tiburon. Any public open space dedication accepted by the County or the Marin County Open Space District shall be and remain obligations of such entity, and shall not pass to Town by virtue of Property annexation: provided, however, that Town and 11 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 County may separately negotiate for such public open space to pass to Town upon mutually agreeable terms and conditions, which shall include ongoing County funding for costs associated with ownerstWo thereof, including for repair, maintenance, and insurance. Section 3.3 Improvement of Pedestrian Access to Open Space. The 1976 and 2007 Judgments required Owner to provide access to open space, but contemplated that County would construct any desired trails. 'As further consideration for this Agreement, Owner, at its expense, shall construct two trails, substantially as shown at Exhibit C or as otherwise agreed in writing with County, and a third trail in the roadbed remaining after removal of the Construction Road as described in Section 4.6(c), infra. In addition, Owner will consult with engineering consultants to determine if the existing trail leading from Ridge Road to the site of proposed lots 9 through 17 can feasibly be relocated to an alignment closer to said lots than the Construction Road. All trails shall be subject to a reservation of easements in favor of Owner allowing installation and maintenance of signs: over Parcel A directing trail users to remain on trails in order to avoid damage to sensitive habitat; and over Parcel B des ribing the sensitivity of dwarf Svc. 't-ra; ~s arc. ;n*cncLe-L 'b be. .Servs-cc" lc •s~nc~le. -ose ~~evlestr►q.+.) ~ thx~ ad to tho 22 flax habitat and disallowing all public entry. ^,%eh #oi Q5 C&Mh•ft1LJ -GNr►CL on hJI.3►0C '&;a is *hr-003hovrr /)grin County The two trails shown at Exhibit C hereto shall be completed on or before the County issues the first certificate of occupancy for any residence within the Project. The trail to be constructed after removal* of the Construction Road shall be created simultaneously with removal of the Construction Road paving. Section 3.4. Infrastructure and Street Improvements. Owner shall construct street, drainage, utility, and. other infrastructure improvements,- including, without limitation, street section, sidewalk, curb and gutter, and water pipe and hydrant installation. Owner agrees that, notwithstanding that Ridge Road and Forest Glen Court shall remain private and be privately maintained, Owner shall make an irrevocable offer of dedication of a public access easement over both streets on the subdivision map(s) creating said streets. 12 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 3.5 Conditions. Covenants 8 Restrictions. The Conditions, Covenants & Restrictions for Easton Point shall also include appropriate provisions to ensure regular maintenance of all corxtmon improvements and landscaping. To ensure that public benefits of this Agreement continue to be met after initial development, Owner will cause the Conditions, Covenants & Restrictions for Easton Point to grant the County and Town the power but not the responsibility to ensure that the provisions pertaining to maintenance of common improvements and landscaping, and public access to Ridge Road- and Forest Glen Court, are honored. The Conditions, Covenants & Restrictions shall be in a form reasonably acceptable to Town, shall name Town as a third-party beneficiary of such provisions with independent rights of enforcement and shall provide that the provisions pertaining to Ridge Road and Forest Glen Court and maintenance of common improvements and landscaping may not be amended without Town's prior written consent. ARTICLE IV PERMITTED DEVELOPMENT Section 4.1 Permitted Use of Property. The permitted use of the Property is the development of thirty-two residential units, along with subdivision infrastructure, trails, and dedicated open space, as more fully described in the Existing Approvals, at Exhibit C, and in this ARTICLE IV. Section 4,2 Residential _Lots: (a) Subdivision Lots. Thirty-one residential Subdivision Lots shall be allowed, N of the size and in the configuration shown at Exhibit C. The Subdivision Lots may not be further subdivided. (b) Remainder Lot. One residential Remainder Lot shall be allowed, of the size and in the configuration shown at Exhibit C. The Remainder Lot may not be further subdivided. 13 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11 /i 2ios (c) Amenities Permitted. Subject to the requirements of this ARTICLE IV, including normally applicable design review, maximum building height, and maximum building size, each of the Subdivision Lots and the Remainder Lot may be developed with, in addition to primary residence; features customarily associated with luxury residential developments a P including, by way of example and not limitation, guest houses,'pools, cabanas, gazebos, decks, patios, sports courts, swing sets and similar play features, hardscape and other landscape design features, and garages. d) Design Review. The configuration, height and design including color, ( exterior fagade, roof materials, window placement, and other design elements - of all primary residences and other permitted ancillary amenities and structures ordinarily subject to design review under the Development Standards -(as defined below), shall be subject to design review, which shall be a Subsequent Discretionary Approval as provided in Section 6.1(b) below. (e) Limitation on Square Footage. Maximum square footage per lot, as described in Section 4.2(g), infra, may not be exceeded.. (f) Maximum Building Height. W The residence on each lot shall not exceed thirty feet (30') in height from grade, except that on Lots 18-31 inclusive, where there is a Residential Building Envelope with a percent of slope that exceeds thirty (30) percent, the height limit for the residence shall not exceed thirty-five feet (35') from grade to allow adequate building height for -the downhill portion of the envelope. The Design Review Board shall discourage building heights in excess of thirty feet (30') from grade on the uphill portion of any residence on such lots. Percent of slope shall be calculated before residential grading and shall be measured along a line passing through the center of the Residential Building Envelope and perpendicular to the natural contours. (ii) The height of the residence on Lot 9 shall not exceed eighteen feet (18') from grade on the uphill side, but the. building may step down the slope if permitted by 14 EXHiSIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 design review. No building or structure on Lot 9 shall break the plane of the San Francisco Bay water view as seen from the trail above at Global Positioning System coordinates ~Wi) Accessory buildings on any lot shall not exceed fifteen feet (15') in height from grade. The permissible height of each structure on any lot shall be determined by design review. Nothing in this subsection (f) shall preclude construction of the maximum sizes shown in subsection (g) below. (g) Building Sizes. (i) Maximum Square Footage of Structures. The maximum total permissible square footage of all structures on each lot shall be as follows'. Lot 1 4,800 sq.ft. Lot 17 6,000 sq.ft. Lot 2 4,800 sq.ft. Lot 18 6,000 sq.ft. Lot 3 . 4,800 sq.ft. Lot 19 6,000 sq.ft. Lot 4 4,800 sq.ft. Lot 20 6,000 sq.ft. Lot 5 6,000 sq.ft. Lot 21 6,000 sq.ft. Lot 6 6,000 sq.ft. Lot 22 10,000 sq.ft. Lot 7 6,000 sq.ft: Lot 23 10,000 sq.ft. Lot 8 6,000 sq.ft. Lot 24 10,000. sq.ft. Lot 9 5,500 sq.ft. Lot 25 10,000 sq.ft. Lot 10 7,500 sq.ft. Lot 26' 10,000 sq.ft._ Lot 11 7,500. sq.ft. Lot 27 10,000 sq.ft. Lot 12 7,500 sq.ft. Lot 28 10,000 sq.ft. Lot 13 7,500 sq.ft: Lot 29 10,000 sq.ft. -Lot 14 7,500 sq.ft. Lot 30 10,000 sq.ft. Lot 15 7,500 sq.ft. Lot '31 10,000- sq.ft. Lot 16 7,500 sq.ft. Remainder Lot 15,000 sq.ft. (ii) Entire Square Footage Shall Be Allowed. Owner shall be permitted to. build structures on each of the foregoing lots which total the maximum square footage shown above. The normally applicable design review process will control the shape and height of structures and their location within the Landscape and Building Envelope (as defined below), except that each lot owner will be entitled to construct the entire maximum permissible square footage defined in Section 4.2(g), supra. To the extent, if any, that a Development Standard might otherwise prevent construction of the entire maximum permissible 15 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 square footage, such standard shall .not be applied in a manner that reduces maximum permissible square* footage. For the Remainder Lot, construction of maximum permissible . square footage may be conditioned on provision of adequate utilities to serve such construction, including adequate fire flow. (W) Calculation of Square Footage. Square footage shalt be calculated according to the method set forth in the Tiburon Zoning Code as of October 26, 2009, including Tiburon Zoning Code's definition' of "Floor Area, Gross," except that garages, carports and accessory buildings shall be counted towards square footage. (iv) Features Excluded from S LL- Foota e. For the purpose of -Qq calculating maximum square footage per lot, "structure" does not include such features as: fences, • retaining walls; features customarily associated with landscape design (such as trellises, . gazebos, and fountains); children's play sets;, shade structures having fewer than four sides; and features which are three feet or less above grade (such as pools, decks, and- sports courts). (h) B•uildin Landsca a Envelo e. Landscape, hardscape, and structures not customarily used for overnight accommodation may be located anywhere within the Building & Landscape Envelope shown at Exhibit C ("Building & Landscape Envelope°), subject to design review approval when applicable. The Building & Landscape Envelope for each lot may be fully enclosed with 6-foot high open wire fencing substantially in conformance with the specifications shown in the Existing Approvals, except that the use of such fencing, within twenty feet (20') of the edge of the pavement on Ridge Road or Forest Glen Court is permissible only with design review approval. In addition, for Lots 5 and 6, such fencing within 20' of the edge of the pavement of the driveway which serves Lots 6-8 requires design review *approval. W Residential Building Envelo e. Ali structures customarily used for accommodations, including the primary residence and any guest home, must be overnight within the Residential Building Envelope shown at Exhibit C ("Residential Building Envelope"), provided, however, that minor adjustments in the location of each such Residential Building 16 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12109 Envelope that do not increase the size of -the Residential Building Envelope may be made during design review based on more precise field topography, by concurrence between the project engineer and County Public Works Director or, in the event of annexation by Town, the Town Community Development Director. (j) Private Open Space. As shown at Exhibit C, the Private Open Space - consists of all area on each Subdivision and Remainder Lot that is outside the Building & Landscape Envelope ("Private Open Space"). Construction activities shall be limited to the Residential Building Envelope to the maximum extent feasible. The Private Open Space is intended, following completion of construction, to be visually indistinct from public open space. For this reason, only the following activities are permitted on private lots outside of the Building & Landscape Envelopes: (i) installation and maintenance of surveyor markers not to exceed one foot (1') in height above grade at comers and at metes and bounds call-out change points to delineate the boundary interface between the Private Open Space and Parcels A or B; (ii) grassland- and tree-mitigation planting, irrigation, and maintenance per approved plans; (iii) vegetation management for. compliance with all fire regulations, whether imposed by the Tiburon Fire Protection District, -the County, the state, or the federal government; (iv) landslide repair, and drain pipe and drainage-pathrimprovernent and maintenance whenever necessary; per approved plans; (v) installation, maintenance, repair, and replacement of underground utilities (e.g., storm drain, sanitary sewer, water, PG&E, telephone, cable), per approved plans; (vi) replanting after soil disturbance associated with the above-listed activities or natural disasters. 17 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12109 (k) Landscape Design. All introduced planting is to be contained within the. Building & landscape Envelope except as otherwise permitted under Section 4.20) above. Within the Building & Lpndscape Envelope for each lot, landscape design and planting will not be subject to design review except: (i) landscape planting must meet Tiburon Fire Protection District, Marin Municipal Water District, and Tiburon Tree Ordinance guidelines and regulations; '(ii) a majority of introduced landscaping must be fire, frost, -and drought tolerant; (iii) landscaping within twenty feet (20') of the edge of the pavement of Ridge Road or Forest Glen Court may be regulated through design review in order to achieve an orderly streetscape from lot to lot; and (iv) no introduced vegetation on Lots 9 or 17 shall break the plane of the San Francisco Bay, water view as seen from the trail above at Global Positioning System coordinates Section 4.3 Dedicated Open Space. (a) Improvements. Except as otherwise provided in Section 3.3, supra (Owner's initial trail construction), and Section 4.3(b), infra .(Owner's right to conduct certain activities on Parcel A), all trail maintenance and repair and other improvements to and management of Parcels A and B, and the costs thereof shall be the exclusive responsibility of the entity to which such parcels are deeded. (b) Reservation of Easements. Owner shall be entitled to reserve express easements over Parcels A and B, and to convey such easements to the HOA, for all of the following purposes: 0) Health and Safety of Subdivision Residents. Owner shall retain an easement ovee Parcels A and B for any future work required for' the health and safety of any Easton Point resident, including without limitation landslide repair and - to the extent if any that 18 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 the owners of Parcels A and B fail to maintain vegetation in accord with any future local, county, state,. or federal fire safety requirements - the ability to cut or clear vegetation in accord with such fire safety requirements. Exercise of the rights reserved under this Section 4.3(b)(i) shall require a permit from the County; which permits shall not be unreasonably withheld. (ii) DrainagewaYs and Utilities. Owner shall retain an easement for the construction, use, maintenance, and repair of all drainageways and utilities which cross Parcel A. Exercise of the rights reserved under this Section 4.3(b)(ii) shall require a permit from the County, which permits shall not be unreasonably withhold. (iii) Construction Road. Owner shall retain a temporary construction easement over Parcel A for the construction, use, maintenance, repair, and removal of the Construction Road. Such temporary construction easement shall automatically. terminate upon completion of the Construction Road demolition and removal activities and completion of the replacement trail construction. (iv) Trail Signs. Owner shall retain an easement over Parcels A and B for the placement of trail signs, as described in Section '3.3, supra. (v) Grassland and Tree Mitigation. Owner shall retain an easement over Parcel A for the planting of trees and grasses that are required as mitigation either for the Project or for the construction of improvements to any Subdivision Lot or Remainder Lot. Prior to the planting of trees, Owner shall confer with the entity to which 'Parcel A is deeded for approval of the optimal location and species of tree to be planted, which approval will not be unreasonably withheld. (vi) Relocation of Water Tank Parcel. If the final site for the new water tank serving Easton Point has not yet been determined by County in consultation with Town as of the date of conveyance of Parcel A, then Owner shall reserve a license to trade the currently- designated Parcel C for any other land contained within Parcel A for the purposes of water tank construction. 19 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (vii) Indemnification. Owner shall indemnify, defend and hold County and its elected and appointed representatives, officers, agents and employees harmless from any liability for damage-or claims for damage for personal injury, bodily injury, death or property damage, including attorneys fees and costs, which may arise from Owner's acts, omissions, negligence and willful misconduct in connection with the exercise of its reserved easement rights, whether such acts, omissions, negligence and willful misconduct are by Owner or any employee, contractor or subcontractor or agent of Owner. The foregoing indemnity shall not apply to the extent the liability or claims arise from the sole negligence or willful misconduct of County or its elected and appointed representatives, officers, agents and employees. Section 4.4 Water Tank. (a) Location of Water Tank Parcel. While Parcel C as shown on Exhibit C has been temporarily designated as the location for the new water tank serving- Easton Point, such water tank will be located by Owner at the direction of the Town of Tiburon, provided that all of the following conditions are met: (i) Concurrence of Fire District. The Tiburon. Fire Protection District must concur that, -with the-water tank at such newly-designated location, domestic water and fire flaw to all Subdivision Lots shown at Exhibit C will be adequate to serve homes of the maximum size permitted under Section 4.2(g), supra. (ii) Concurrence of MMWD. The Mahn Municipal Water District must agree to placement of the tank at such newly-designated location. a (iii) CEQA Compliance. The newly-designated location has been or will be subject to appropriate environmental review under CEQA without further cost to Owner. (iv) Timely Designation. The Town of Tiburon must designate such new location prior to recordation of the first final map for Easton Point. (v) County Concurrence. The County must agree that a final map for Easton Point may be recorded with' Parcel C in its newly-designated location. 20 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (b) Water Tank Screening. If the newly-designated water tank site allows the new water tank to be situated partially or fully underground while still maintaining adequate domestic and fire flow-to all lots, Owner will do so at its expense. Otherwise, Owner shall provide such landscaping as will best screen the tank's visual impacts. Section 4.5 Sewers. All Subdivision Lots and the Remainder Lot shall only be served by the public sewer district and may not be served by any septic system. The Town of Tiburon has previously agreed to consider annexation of the Property as provided in the Memorandum of.Understanding executed between Town and Owner on November 12, 2009 (or if annexation cannot be accomplished on a timely basis, to enter into a deferred annexation agreement with Owner to permit annexation of the Property into the public sewer district prior to its annexation into the Town). Section 4.6 Roads and Driveways. (a) Residential Roads and Driveways. Roads and driveways shall be designed and constructed per Existing Approvals. All roads and driveways shall be privately maintained, but public access to Ridge Road, Forest Glen Court, and the road serving the water tank may not be obstructed or restricted against public use, and the Construction Road shall not be obstructed or restricted against public pedestrian use except as such use may conflict with active construction access requirements. The foregoing public access requirements shall be included with the Conditions, Covenants & Restrictions for the Project, and Town shall be a third-party beneficiary thereof with independent rights to enforce such requirement! (b) Water Tank Road. The road serving the water tank shalt be made as informal as possible while still being adequate for construction traffic, Tiburon Fire Protection District, and Marin Municipal Water District purposes. (c) Construction Road (i) Timing and Necessity. The Construction Road shown at Exhibit C hereto must be installed prior to installation of any other improvements, including utilities, 21 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 provided however that if all lots in either the Lots 1 through 8 cluster or lots 9 through 17 cluster are dedicated to non-residential -uses, then the Construction Road need not be built, and construction access to -Lots 1 through 8 or to Lots 9 through 17, as the case may be, shall be through the Hill Haven subdivision. If the Construction Road is built, then so long as it remains in piace,.it shall be the exclusive construction access for Lots 1 through 17, unless the Town Council in its discretion otherwise directs. (ii) Removal. Unless otherwise approved by the County in its discretion - and subject to consultation.with the Tiburon Fire Protection District and any other agency with jurisdiction that the Project is acceptable without the Construction Road in place - Owner shall cause the paving, guard rails, and runaway truck ramp for the Construction Road to be removed and the roadbed re-vegetated or otherwise made suitable for trail use (but not recontoured except as necessary for trail use) during-the first construction season after either, at the County's discretion, twelve (12) of the. homes to be constructed on Lots 1-17 have been granted a certificate of occupancy, or ten (10) years from the Effective Date of this Agreement, and thereafter all subsequent construction access to Lots 1 through 17 shall be through the Hill Haven subdivision. Section 4.7 Staging and Stockpiling. Lot 5, or a suitable alternative lot approved by County, shall be set aside for construction staging and stockpiling until residences on all other Lots deriving access from the Hill Haven subdivision have been constructed. ARTICLE V k VESTING Section 5.1 Vestin This Agreement sets forth the applicable fges, policies, and zoning requirements that apply to Owner's development of the Project and provides Owner with . a vested right to develop the Project in accord with this Agreement throughout its entire term. The term and duration of all Existing Approvals shall automatically be extended for the-longer of the duration of this Agreement cr the term otherwise applicable to such Existing Approvals. 22 EXHIBIT 9 TO MEMORANDUM OF UNDERSTANDING 11112/09 Section 5.2 Vested Elements. The -Existing Approvals, this Agreement, and the Development Standards described, in Section 5.3, infra, shall control the permitted use of the Property, the density and intensity of use, landscape and design requirements, maximum height and size of proposed buildings, development phasing, access and circulation requirements, provisions for reservation or dedication of land for public purposes, provisions for infrastructure and subdivision improvements, and impact fees and exactions applicable to the Property and Project ("Vested Elements"). Except as otherwise provided in Sections 5.9, 5.10, and 5.11, infra, to the extent any changes in the Countywide Plan or Tiburon General Plan, the zoning codes or other rules, ordinances, regulations or policies (whether adopted by means of an ordinance, initiative, resolution, policy, order or moratorium, initiated or instituted for any reason whatsoever and adopted by the Board of Supervisors, Town Council, a Planning Commission or any other Board, Commission or Department of the County or Town or any office or employee thereof, or by the electorate) -are in conflict with the Vested Elements or the provisions of this Agreement, the Vested Elements and the provisions of this Agreement shall prevail. Such change in Plans, codes, rules, ordinances, regulations, or policies shall be deemed to conflict with the Vested Elements if such change is contrary -to or inconsistent with the Vested Elements, or would burden the Project with significant expense or material delay unforeseen as of the Effective Date. Section 5.3 Development Standards. The development policies, rules and regulations, including but not limited to subdivision ordinances of the County in efect as of the Effective Date, are hereby vested subject to the provisions of this Agreement; provided however that upon annexation, the development policies, rules and regulations of the Town of Tiburon in effect as of October 26, 2009 (or as otherwise agreed by the parties and bound in the "Existing Approvals and Tiburon Development Standards" volume described below), shall vest instead ("Development Standards°), with the explicit exception of the Town's development policies governing landslide repair - which the parties acknowledge are potentially inconsistent with 23 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Existing Approvals - and further provided that the foregoing explicit acknowledgement of the inconsistency of the Town's landslide repair policies with Existing Approvals shall not be cause to invoke the principleof expressio unis esf exclusio alterius in interpreting the applicability of other Development Standards to the Project. For ease of future reference under this Agreement, and because annexation is anticipated,. the parties have prepared three (3) identical copies of the Existing Approvals as well as the development policies, rules, and regulations of the Town of Tiburon in effect as of October 26, 2009 (or as otherwise agreed by the parties), they have bound such copies and entitled them "Existing Approvals and Tiburon Development Standards," and they have distributed one copy each to the County, the Town, and the Owner. To the extent that the Development Standards conflict with Existing Approvals, the Existing Approvals shall control. To the extent that the Existing Approvals conflict with this Agreement, the requirements and-terms of this Agreement shall prevail. Section 5.4 Fees and Mitigations for Subdivision Improvements_ Impact fees and off- site mitigations in connection with subdivision improvements and infrastructure development shall be governed by this Section 5.4. (a) Subdivision Improvement Agreement Bond. A refundable deposit or performance, labor and materials and warranty bonds may be required- in connection with the subdivision improvement agreement at the time the first grading permit for the Project is issued, provided however, that such requirements shall not be applied to the Project, in a different manner than to other similar properties within the County. (b) Fees for Subdivision Im movements and Infrastructure Development. No additional impact fees, nor any additional requirements for off-site improvements, may be imposed on the Project beyond what is provided in this Section 5.4. Impact fees and all off-site mitigations with respect to subdivision improvements and infrastructure development shall be limited to the following: 24 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Grading and Building Permit and Inspection Fees. Customary fees for grading and building permits and inspections may be charged,. at the rates then in effect when such fees are due, provided that such fees shall not be applied to the Project in a different manner than to other similar properties within the County. (ii) Offsite Traffic Mitigations. Owner shall either constructor pay for the following off-site traffic mitigations, subject to normally applicable permit requirements: • Posting of signs prohibiting parking along both sides of Diviso Street and along other residential streets in the Hill Haven subdivision narrower than twenty feet (20') wide; • Installing stop or yield sign control for the side streets intersecting Ridge Road; • As provided iri the Precise Development Plan, improving the Forest Glen Court./ Paradise Drive intersection to provide a minimum of 150 feet of ' sight distance in both directions for outbound vehicles to see and be seen; and • As provided in the Precise Development Plan, widening Paradise Drive roadway to. include four-foot (4') shoulders with sixty foot (60') tapers at the driveway on the south end (driveway for Lots 18-21) and the Forest Glen intersection at the north end. (iii) Street Improvements. Owner. shall repair any 'deteriorated pavement along Paradise Drive and Old Tiburon / Hill Haven streets identified im cooperation with the Town of Tiburon and Marin County by a before-and-after pavement evaluation program that shall determine if project-generated truck traffic * caused any additional pavement deterioration. In addition, Owner shall pay a one-time road mitigation fee of four hundred thousand dollars ($400,000) at the time Owner receives its first grading permit. 25 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (iv) EIR / MMRP Mitigations. Owner shall also comply with all other mitigation measures set forth in the EIR and accompanying Mitigation Monitoring Program. c Town W'Ide Tax and --Assessment Districts. Owner agrees that it will voluntarily annex the Property into the Belvedere-Tiburon Library Assessment District and any other Town-wide tax and assessment districts that may exist as of the date of recordation of the first final map for Easton Point. (d) No Affordable Housin Miti ations and Fees. Without limiting the .generality of the foregoing Section 5.4(b),. no requirements or fees with respect to affordable or inclusionary housing may be imposed on either the Project or on any future lot owner as a condition of developing any Subdivision or Remainder Lot. the County having agreed to assume responsibility for compliance with all ordinances, codes, and regulations governing affordable or inclusionary housing. In the event Town annexes the Property and assumes this Agreement, County shall retain all obligations, if any, with respect to affordable and inclusionary housing, and Town shall have no obligations with respect thereto. (e) No Parks & Recreation I Quimby Act Fees. Without limiting the generality of the foregoing Section 5.4(b), no requirements or fees with respect to parks and recreation may be imposed on the Project, and no Quimby Act fees may. be imposed on any future -lot owner as a condition of developing any Subdivision or Remainder Lot, the Owner having agreed to dedicate approximately fifty-nine (59) acres to open space purposes and to construct trails for public use on such property; provided, however, that all Town-wide taxes, fees, or assessments for parks and recreation will be applicable to the Property and to the individual lots in the same fashion such taxes, fees, or assessments are applicable to other parcels. Section 5.5 Fees and Miti ations for Individual Home Construction. Except as set in- Sections 5.4(d) and. (e), all fees customarily imposed at the time of or following design forth review for an individual single-family residence may be charged to and shall be paid by the owners of the individual Subdivision and Remainder Lots at the rates then in effect, including 26 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 without limitation fees for design review; grading; building; other construction-related fees (e.g., plumbing, swimming, electrical, mechanical permits and inspections); connection fees; and impact fees (e-g., street-impact fees, traffic mitigation fees, storm water run-off fees), provided that such fees shall not be applied to residences which are located within the Project in a different manner than to other similar properties within the County. The owner of the Remainder Lot shall design the Remainder. Lot driveway to provide the maximum amount of widening and refuge area reasonably possible at the intersection of Paradise Drive. Section 5.6 Phasing of Maps Permitted. Multiple final maps for the Tentative Subdivision Map may be filed throughout the duration of this Agreement. Unless otherwise required by state law or court ruling, the rights accorded by this Agreement shall not be dependent on the timelines which would otherwise control under California's Subdivision Map Act in the absence of this Agreement. Section 5.7 Timinq and Duration of Phased Development. The parties acknowledge that Owner cannot at this time predict when, or the rate at which, phases of the Property would be developed. Such' decisions depend upon numerous factors which are not all within the control of Owner, such as market orientation and demand, interest rates, competition and other factors. It is the intent of County and Owner that - notwithstanding any future amendment to the Countywide Plan, the. Zoning Ordinance or any other ordinance, policy, plan, rule or procedure of the County or the Town of Tiburon, or the adoption of any ordinance, policy, plan, rule or procedure (whether amended or adopted by the County or Town Planning# Commission, the Board of Supervisors or Tiburon Town Council, or by referendum or initiative - except as set forth in Section 4.6(c)(1) (Construction Road) and Section 4.7 (Staging and Stockpiling), supra, Owner shall have the right to develop the Project in such order and at such rate and times as Owner deems appropriate within the exercise of its sole and subjective business judgment, but subject to the expiration of this Agreement. Such right is consistent with, and necessary to, the purpose and understanding of the parties to this Agreement, and without such right, Owner's 27 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 development of the Project would be subject to the uncertainties sought to be avoided by the Development Agreement Legislation and this Agreement. Nothing contained herein or in the Existing Approvals, including in the Construction Management Plan, shall be construed to limit the rights granted under this Section 5.7, the construction timelines in the Construction Management Plan being only exemplars of, and not restrictions on, how long construction might take and the phases in which it might be undertaken. Notwithstanding anything herein to the contrary, Owner shall not be exempt from @ complying with County building code timelines (including, for example, limits on completion of construction calculated from issuance of building permits) or (ii) completing work required by any subdivision improvement agreement or similar. agreement in accordance with the terms thereof- Section 5.8 Compliance with Other Laws. Owner, at its sole cost and expense, shall comply with the requirements of, and obtain all permits and approvals required by local, state and federal agencies having jurisdiction over the Project. Furthermore, Owner shall carry out the Project work in conformity with all applicable state and federal laws and regulations. If any governmental entity or agency other than the County or Town passes any state or federal law or regulation after the Effective Date which prevents or precludes compliance with one or more provisions of this Agreement or requires changes in plans, maps or permits approved by the County, - then the provisions of this Agreement shall, to'the extent feasible, be modified or suspended as may be necessary to comply with such new law or regulation, provided, however, that in no event shall such modification or suspension have a material impact won Owner's or County's obligations and rights hereunder without Owner's or County's, as the case may be, written consent. Immediately after enactment of -any such new law or regulation, the parties shall meet and confer in good faith to determine the feasibility of any such modification or suspension based on the effect such modification or suspension would have on the purposes and intent of this Agreement. In addition, Owner shall have the right to challenge the new law or regulation preventing compliance with the terms of this Agreement, and, to the extent such 28 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 challenge is successful, this Agreement shall remain unmodified and in full force and effect. Any such challenge shall be at the sole cost and expense of Owner and shall not involve the County in any manner without County's prior written consent. Section 5.9 Building Requirements. Codes, ordinances and 'regulations relating to construction standards or permits shall apply as' of the time of issuance of each applicable construction/building permit except to the extent inconsistent with Existing Approvals. Section 5.10 Life Safety Matters. Nothing herein contained shall be deemed to prevent adoption and application to the. Property or to improvements upon the Property of laws, ordinances, uniform codes, rules or regulations pertaining to or imposing life-safety, fire protection, mechanical, electrical and/or building integrity requirements at the time permits for construction of such improvements are issued. Section 5.11 Procedural Matters. All rules and policies relating to applications, notices, hearing bodies, and other matters of procedure shall be implemented according to regulations then in effect, provided that such procedures shall not be applied to the Project in a different manner than to other similar properties within the County. Section 5.12 Permits and Approvals from Other Agencies. Owner and County acknowledge and agree that other public agencies not within the control of County possess authority to regulate aspects of the development of the Property separately from or jointly with. County, and this Agreement does not limit the authority of such other public agencies. • Owner shall, at•the time required by Owner in accordance with Owner's -construction schedule, apply for all such other permits and approvals as maybe required by other governmental or quasi- governmental entities, including , in connection with the development of, or the provision of services to, the Project. Owner shall also- pay all required fees when due to such public agencies. Owner acknowledges that County does not control the amount of any such fees. The Town of Tburon and all of its departments and agencies shall be bound to the terms of this Agreement upon annexation of the Property during the term of this Agreement. EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 29 ARTICLE Vl SUBSEQUENT APPROVALS Section 6.1 . Subsequent Approvals. Owner and County acknowledge and agree that Owner intends to,-errbmit applications for Project approvals following the Effective Date . "Subsequent Approvals"), including both Subsequent Ministerial Approvals and Subsequent Discretionary Approvals. In connection with any Subsequent Approval, the County shall exercise its discretion in accordance with the Development Standards, the Existing Approvals and as provided by this Agreement. (a) Subsequent Ministerial Approvals. "Subsequent Ministerial Approvals" are permits or approvals that are required by the Development Standards, that are contemplated by the Existing Approvals, and that are to be issued upon compliance with uniform, objective standards and regulations. They include: approval of final maps; applications for road construction permits or -authorizations; certain grading and excavation permits; building permits, including electrical, plumbing and mechanical; certificates of occupancy; certain encroachment permits; water connection permits;. and any other similar permits required for the development and occupancy of the homes and other structures- comprising the Project. Applications for Subsequent Ministerial Approvals that are consistent with this Agreement and the Existing Approvals shall be processed and considered in a manner consistent with the Vested Rights granted by this Agreement and shall be deemed to be tools to implement those final policy decisions, and 'shall be approved by County so long as they are consistent with this.Agreement and the Existing Approvals. (b) Subsequent Discretionary Approvals. "Subsequent Discretionary Approvals" are permits or approvals which are either inconsistent with or not encompassed within the scope of the Existing Approvals. Design/architectural review permits for individual residences shall constitute a Subsequent Discretionary Approval. No other Subsequent Discretionary Approvals are anticipated at this time; however, if application is made for 30 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 amendments to the Existing Approvals or to this Agreement, for lot line adjustments, for rezonings, or for other actions not, encompassed within the Existing Approvals, the County expressly reserves its discretion with respect to all such Subsequent Discretionary Approvals. Section 6.2 Processing Applications * for Subsequent Approvals. Owner acknowledges that County cannot begin processing applications for Subsequent Approvals until Owner submits complete applications on a timely basis. Owner shall use its best efforts to (i) provide to County in a timely manner any and all documents, applications, plans, and other information necessary for County to carry out its obligations hereunder; and (ii) cause Owners planners, engineers, and all other consultants to provide to County in a timely 'manner all such documents, applications, plans and other materials required under-the Development Standards. Section 6.3 Additional CEQAA Processing. The parties understand that the EIR is intended to be used not only in connection with the Existing Approvals, but also in connection with necessary Subsequent Approvals. However, the parties acknowledge that, depending on the scope of the project described in Owner's applications, certain Subsequent Discretionary Approvals may legally require additional analysis under CEQA. Notwithstanding any other provision of this Agreement, nothing contained -herein is intended to limit or restrict the discretion of the County to comply with CEQA. However, the County shall not undertake additional environmental review or impose new or additional mitigation measures on the Project, or any portion thereof, other than as required by Public Resources Code section 21166 and CEQA Guidelines section 15162. To the extent supplemental or additional review#is required in connection with Subsequent Approvals, Owner acknowledges that CEQA may require additional mitigation- measures necessary to mitigate significant impacts that were not foreseen at the time this Agreement .was executed. Any such supplemental or additional review that may be required under CEQA shall be at Owners expense. EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 31 ARTICLE VII OBLIGATIONS OF THE PARTIES Section 7.1 Owner. (a) ompliance with Development Agreement. In consideration of the County entering into this Agreement, Owner has agreed that development of the Property . during the term of this Agreement shall be in conformance with all of the terms, covenants and requirements of this Agreement and Existing Approvals, as they may each be hereafter amended with the consent of County and Owner in accordance with the provisions of Section 9.5, infra. (b) Implementation of On-Site Mitigation Measures. Without limiting the generality of the foregoing Section 7.1(a), Owner will at its cost implement all of the'on-site mitigation measures described in the Existing Approvals. c Grant of Conservation Easement. Owner will record an easement in favor of Town bver all Private Open Space for the exclusive purpose of maintaining the subject property in a natural state, with only such modification as expressly allowed by the Agreement or required by the Tiburon Fire Protection District. Such easement shall allow inspection access Town's code enforcement employees upon' reasonable advance notice to the Lot owner, by and, following notice and expiration of applicable cure period, the right for Town to cure a lot owner default at the lot owner's expense. Nothing contained herein or in such easement shall ' allow public access over Private Open Space. The conservation easement shall be in a form ~ reasonably acceptable to the Town Attorney. . (d) Deed Restrictions on Lots 9 and 17. In any deed*conveying title to Lots 9 and 17, Owner will include a restriction implementing Section 4.2(k)(iv), which prohibits any that exceeds the height allowed in Section 4.2(k)(iv). This restriction shall be vegetation expressly enforceable by the Town. 32 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 (e) Creation of HOA. Owner will form an Easton Point owners' association (°HOA"), which shall- have among its responsibilities the repair and maintenance of all common improvements, includir!9 , all private roads open to public use, at the HOA's sole cost, expense, and liability. The Conditions, Covenants & Restrictions for Easton Point shall conform to this Agreement and shall be presented to County Counsel for review and approval not to be unreasonably withheld, conditioned or delayed. (f) Indemnification and Defense of County. In the event of any legal action instituted by a third party other than the Town. challengirig the validity of this Agreement or any provision hereof, Owner hereby agrees to: (i) defend such action on behalf of Owner and County at Owner's sole expense. and with counsel reasonably acceptable to County; and (ii) to indemnify and hold County harmless from and against any and all costs, attorney fees, damage awards or expenses of any kind arising in any manner out of such action. County may, in its sole discretion, participate in the defense of such action at no cost to Owner, but such participation shall not relieve Owner of its obligations under tais Agreement. (g) Insurance. Owner shall procure and maintain, or cause its contractor(s) to, procure and maintain, on or before commencement of any Project work and continuing thereafter for the remaining term of this Agreement, insurance policies set forth in this subsection (g). All such insurance shall be subject to approval by County Counsel as to form, amount and carrier. All requirements shall appear either in the body of the insurance policy or in endorsements and shall specifically bind the insurance carrier. Such 'insurance shall not be construed to relieve Owner or its contractor(s) of any liability in excess of such coverages. The required insurance coverages shall include: W Workers' Compensation and Employers' Liability Insurance: In conformance with statutory coverage requirements. In sighing this Agreement, Owner makes the following certification: 33 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 I am aware of the provisions of Section 3700 of the California Labor Code which require every employer to be insured against liability for Workers' Compensation or to undertake self-insurance in accordance with the provisions of~aCode, tand he I will comply with such provisions before commencing the.pe o work of this Agreement. 1! Commercial General Lisbilit insurance, In an amount not less than two million dollars ($2,000,000.00) for injuries including, but not limited to, death to any one person, and including blanket contractual liability, and subject to the same limit for each person, in an amount not less than one million dollars ($1,000,000.00) combined single limit per occurrence for bodily injury, personal injury and property damage. (iii) Automobile Liabty Code 1) Insurance: In an amount not less than one million dollars ($1,000,000.00) combined single limit per accident for bodily injury and property damage. It is agreed that the insurance required by subsections (ii) and (iii) shall be in an aggregate amount of not less than two million dollars ($2,000,000.00) and shall be extended to include 'as additional insureds the County, its elective and appointive boards, officers, agents and employees, with respect to operations performed by the Owner as described herein. Evidence of the insurance described above shall be 'provided' to County on or before commencement of any Project work and shall be subject to approval by the County Counsel as to form, amount and carrier. The policy of insurance shall also contain a provision indicating that such insurance shall not be reduced or canceled except upon thirty (30) days written notice to County.. In addition, the following endorsement shall be made on the policy of insurance: Notwithstanding any other provisions in this policy, the insurance afforded hereunder to the County shall be primary as to any other insurance, reinsurance, self-insurance or joint self-insurance covering or available to the County, and such other insurance, reinsurance, self-insurance or joint self- insurance shall not be required- to contribute to any liability or loss until and unless the applicable limit of liability afforded hereunder is exhausted. 34 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 7.2 County. (a) Certificate of Compliance: Upon application of Owner, and before recordation of the firs final map for Easton Point, County shall issue a certificate of compliance for the Remainder Lot pursuant to Marin County Code 22:84.070 evidencing the. legality of such Lot for single-family home construction pursuant to the terms of ARTICLE IV, supra, but precluding its further subdivision. (b) Affordable or Inclusionary Housing Mitigations and Fees. The County of Marin itself shall assume responsibility for compliance with all ordinances, codes, and regulations governing affordable gr inclusionary housing for the Project, if any, at no cost to Owner. In the event Town annexes the Property and assumes this Agreement, County shall retain.ali obligations, if any, with respect to affordable and inclusionary housing and Town shall have no obligations with respect thereto. (c) Relocation of Parcel C. County agrees that, so long as adequate CEQA review has occurred and adequate findings have been made as necessary to address health, safety, and other environmental issues, a final map with'Parcel C relocated pursuant to Section 4.4, supra, shalt be deemed to substantially conform to the Tentative Subdivision Map. (d) Good Faith in Proceeding . County agrees that it will accept, process and review in good faith and in the normal manner and within the normal time consistent with such applications, all applications related to the Project for environmental and design review, subdivision of the Property, recordation of final maps, conditional use permits (ait' amendments thereto), building permits or other entitlements for use of the Property, in accordance with the terms and spirit of this Agreement. The County shall not use any County custom, policy, or procedure which is not mandated by state law to delay approval and recordation of any final . map. (e) Additional Approvals. County shall cooperate with Owner, at no cost to County, in Owner's endeavors to obtain any other permits and approvals as may be required 35 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 from other governmental or quasi-govemmental agencies having jurisdiction over the Project, including, without limitation, approval of annexation into Sanitary District 5. The cooperation contemplated by this section 7.2(e) shall require County to provide necessary requested information and documents but shall not require County to actively participate in the application process for such permits unless to do so is customary under the circumstances. (f) No Contrary Actions. County agrees that, except to submit to a vote of the electorate any initiative or referendum required by law to be placed on a ballot and fulfill any legal responsibility to defend a ballot measure passed by its voters, it shall not support, adopt or enact any law, resolution, or ordinance, or take any other action, which would violate the express provisions or spirit and intent of this Agreement. County further agrees that it shall cooperate with Owner, at no expense to County, in any litigation instituted by a third party challenging the validity of this Agreement, or any portion hereof, and shall not settle such litigation without the consent of Owner. ARTICLE Vlll DEFAULT AND REMEDIES Section 8.1 Notice of Breach / Meet and Confer. Prior to the initiation of any action for relief specified in this ARTICLE VIII because of an alleged breach of this Agreement, the party claiming breach shall deliver to the other party a written notice of breach '("Notice of Breach"). The Notice of Breach shall specify with reasonable particularity the reasons for the allegation of breach and the manner in which the alleged breach may be. satisfactorily cured. If, in the determination of the allegedly breaching party, such event does not constitute a breach of this Agreement, the party to which the Notice of Breach is directed, within thirty (30) days of receipt of the Notice of Breach, shall deliver to the party giving the Notice of Breach a notice (a "Compliance Notice") which sets forth with reasonable particularity the reasons that a breach has not occurred. A defaulting party shall cure the default within thirty (30) days following receipt of the Notice of Breach, provided, however, if the nature of the alleged default is such 36 EXHISIT.1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 that it cannot reasonably be cured within such 30-day period, then the commencement of the cure within such time period, and the diligent prosecution to completion of the cure thereafter, shall be deemed to be a,cure, provided that if the cure is not diligently prosecuted to completion, then no additional cure period shall be provided. If the alleged failure is cured within the time provided above, then no default shall exist and the noticing party shall take no further action to exercise any remedies available hereunder. If the alleged failure is not cured, then a default shall exist under this Agreement and the non-defaulting party, subject to satisfaction of the meet and confer obligation described below, may exercise the remedies available under Section 8.3, below. County and Owner acknowledge that a central purpose of this Agreement is to resolve and avoid disputes and litigation among the parties. County and Owner therefore agree that, in the event of any alleged default arising hereunder, the parties shall meet and confer in good faith for a period not to exceed thirty (30) days following delivery of the Notice of Default, in an effort to resolve the dispute. Section 8.2 Request for NotThe owner of any portion of the Property shall have the right to request copies of Notices of Breach given to the owner of any other portion of the Property. The County and any owners of other portions of the Property to whom such request has been made shall honor the same and provide such Notices of Breach in the manner and to the address specified in the request. Section 8.3 Remedies for Breach. County and Owner acknowledge that a central purpose of this Agreement is to resolve and avoid disputes and litigation amor)7 the parties. County and Owner therefore agree that, in the event of a breach of this Agreement, -the parties shall pursue the following dispute resolution process: (a) Remedies in General. (i) Meet and Confer. In the event of any disagreement arising hereunder, the parties shall meet and confer in good faith. for a period not to exceed thirty (30) 37 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 days following receipt of the Compliaince Notice, with the intention of providing each party-the benefit of its bargain, regardless of changed or unforeseen circumstances or obstacles. (ji) Mediation. If any alleged breach is not resolved in writing within thirty (30) days of receipt of the Compliance Notice provided for in Section 8.1, the matter shall be submitted to mediation under procedures acceptable to both parties, ,acting in good faith. (iii) - Arbitration. If an alleged breach or dispute arising out of or under this Agreement has not been resolved through the meet and confer and mediation procedures set forth in Sections 8.1, 8.3(a)(i), and 8.3(a)(ii), such breach or dispute shall be submitted to and resolved by binding arbitration before either the American Arbitration Association (AAA) or JAMS, to be selected at the option of the demanding party ("Tribunal"), and pursuant to the then-current applicable rules of the chosen Tribunal. The parties further agree that California Code of Civil Procedure Section 1283.05, as it may be amended or succeeded from time-to shall -be incorporated into, made a part of, and made applicable to any arbitration time, hereunder. Notwithstanding anything to the contrary in the foregoing, the procedures for arbitration shall include the following minimum procedures: Submission. The question of whether a breach has cured shall be submitted to arbitration on the basis of the issues as framed by the demand oc filed by the claimant with the chosen Tribunal ("Demand") and the response filed by respondent. Demand. No Demand shall be filed until parties have followed the procedures for curing defaults related to the Demand as set forth in applicable sections of this Agreement, together with satisfaction of the meet and confer and mediation procedures set forth in Sections 8.1, 8.3(a)(i), and 8.3(a)(ii). • Response. Respondent shall be served with the- Demand shall have twenty (20) days thereafter to serve a response to the Demand on claimant, filing and the original with the Tribunal. The response shall specify the respondent's position in-opposition to the Demand and any relief respondent requests. 38 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 • Arbitrator.. There shall be a single neutral arbitrator. Within ten (10) days after date of the response (but no later than fifteen (15) days after the date of the Demand) each party will submit to the other party a list of three (3) potential arbitrators to hear and decide the dispute ("Exchange"). The arbitrator must be a person who is a member of the State Bar or a retired California judge and should have at least five (5) years experience in alternative dispute resolution and have practice or arbitration experience applying California land use and real property law. The parties shall meet and confer in a good faith attempt to agree on the arbitrator from such list of names. - If the parties are. unable to agree on the' selection of an arbitrator within ten (10) days after the Exchange, then either party shall have the right to apply for the appointment of a duly qualified person to act -as arbitrator to the Presiding Judge of the Superior Court of the State of California, County of Marin, and neither party shall have any right to object to the qualifications of said Judge to make such appointment. If the arbitrator resigns or refuses to.serve, then a new arbitrator shall be appointed as herein provided. ■ Proceedings. The arbitrator shall not be bound by the California Rules of Evidence in the conduct of such proceeding although the arbitrator shall take account of said rules in considering the weight of the evidence. The arbitrator's decision or any relief granted shall be in conformance with California law, the; failure to do so shall be grounds for a court to overturn, reverse or modify the decision of the arbitrator, in addition to the grounds set forth in Code of Civil Procedure section 1286.6. If the arbitrator finds that a breach has in fact occurred, the arbitrator shall set a reasonable time to remedy such breach. The finding of the arbitrator with respect to breach shall be conclusive in any subsequent proceeding. ■ Written Opinion. The arbitrator must, on the request of either party, issue a written opinion with findings of fact and conclusions of law in conformance with Code of Civil Procedure section 632. 39 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12109 Arbitrator's Fees and Costs. Each party shall advance one-half (1/2) of any deposit required, by the arbitrator, and shall pay all of its own expenses and . attorneys' fees in connection with the arbitration, except that the arbitrator shall have the discretion to allocate as between the parties, an award of any costs, expenses and the arbitrator' compensation. ■ Proceedings to En#orce. Except as to those matters described in Section 8.3(b) below, and subject to the limitation on damages described in Section 8.3(c) below, the parties submit to the jurisdiction of the Superior Court of the State of California, pursuant to County of Marin, for purposes of confirming any such award and entering judgment Code of Civil Procedure § 1285. et seq. (b) Remedies Pursuant to Sections 1.5 and 1..6. (i) Petition to U.S. District Court. If either party seeks to terminate this Agreement, or alleges that there has been a de facto termination, or seeks- to modify or . suspend this Agreement pursuant to Sections 1-.5 or 1.6, supra, and the matter is not resolved by means of the procedures described in Section 8.3(a), supra, then either party may petition the United States District Court for the Northern District of California, pursuant to its continuing jurisdiction under the 2010 Judgment, for specific performance, declaratory or injunctive relief,. or. mandamus or special writs. These remedies shall be cumulative and not exclusive of one another, and the exercise of any one or more of these remedies shall not constitute a waiver or election. with respect to any other available remedy. All other controversies ryill be resolved under Section 8.3(a), supra. ii) Termination for Cause. If a material default is continuing and ( unremediated despite proceedings in the United States District Court and the resultant directive of such court, as described in Sections 1.5 and 1.6, supra, than the non-breaching party may , terminate for cause, as described -in Section 1.4, supra. 40 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11112109. (c) Monetary Damages Unavailable. Monetary damages shall not be available, but instead the finder of fact shall craft such other relief as will best provide each party with the benefit of its bargain under this Agreement. Notwithstanding the foregoing, in the event that the finder of fact finds that one party has defaulted in the payment of monies owed under this Agreement, in addition to any other remedies the finder of fault finds appropriate, the non- defaulting party shall be entitled to an award of damages in an amount equal to the. unpaid funds plus interest. (d) Attorneys' Fees and Costs. Should any court or arbitration action or proceeding be brought by either party because of breach of this Agreement or to enforce any provision of this-Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and such other costs as may be found to be appropriate by the court or,arbitrator, as applicable. (e) - No Other Remedies. The remedies in this ARTICLE VIII are the exclusive remedies for breach or enforcement of this Agreement, and no other remedies shall be permitted. ARTICLE IX ANNUAL REVIEWS AND AMENDMENTS Section 9.1 Annual Review. The annual review required by California Government Code Section 65865.1 shall be conducted in accordance with the Compliance Review procedures in Article of the County's Development Agreement Resolution. This annual review provision supplements, and does not replace, the provisions of ARTICLE Vill, supra, whereby either County or Owner may, at any time, assert matters which either party believes have not been undertaken in accordance with this Agreement by delivering a written Notice of Breach and following the procedures set forth in ARTICLE VIII, supra. In advance of such annual review, Owner shall provide County, in a form acceptable to County, with a detailed status report and analysis of its compliance with this Agreement, including evidence of having named County as an additional insured pursuant to Section 7.1(g). This Development 41 5XHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11112/09 Agreement may be terminated as a result *of findings made during an annual review provided that the parties follow the procedures for termination set forth in ARTICLE Vlll, supra. Section 9.2 Procedures to Amend. This Agreement may be amended or cancelled, in whole or in part, by the mutual consent of the parties hereto or their successors-in-interest or assigns and in accordance with the provisions of Government Code Section 65868 and the County's Development Agreement Resolution. No modification, amendment or other change to this Development Agreement or any provision hereof shall be effective for any purpose unless specifically set forth in a writing which refers expressly to this Agreement and signed by duly authorized representatives of both parties or their successors. Section 9.3 Insubstantial Amendments. Any amendment to this Agreement which, in the context of the overall Project, does not substantially affect the term of this Agreement, the permitted uses of the Property, provisions for reservation or dedication of land, density or intensity of use of the Property, requirements for design review approval, maximum height or size of "buildings, or monetary contributions by Owner shall be deemed an "Insubstantial Amendment" and shall not, except to the extent otherwise required by law, require notice or public hearing before the parties may execute an amendment hereto. The County Administrator shall have the authority to execute an Insubstantial Amendment or may, in his or her discretion, seek approval of an Insubstantial Amendment by County resolution. Section 9.4 Amendments to Development Are ament Legislation. This Agreement has been entered into in reliance upon the provisions of the Development Agreement Legislation as those provisions existed at the date of execution of this Agreement. No . amendment or addition to those provisions which would materially affect the interpretation or enforceability of this Agreement shall be applicable to this Agreement unless such application is specifically required by the California State Legislature or mandated by a court of competent jurisdiction. If such amendment or change is permissive (as opposed to mandatory), this Agreement shall not be affected by same unless the parties mutually agree in writing to amend 42 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 this Agreement to permit such applicability. If the parties do not agree as to whether the statutory. amendment is permissive or mandatory, the amendment will be presumed to apply to the Agreement. Section 9.5 Amendment of Existing Approvals. Notwithstanding any provisions in this Agreement, Owner may seek and County may review and grant, in accordance with applicable law, amendments or modifications to Existing Approvals, and such Existing Approvals as amended. shall continue to be governed by this Agreement without amendment of this Agreement. However, the issuance of any land use approval or permit upon the application of Owner which approves a change in the term, permitted uses, density or intensity of use, height or size of buildings, provisions for reservation and dedication of land, conditions, terms, restrictions and requirements relating to subsequent. discretionary actions, monetary contributions by Owner or any other Vested Element set forth in this Agreement, shall require an amendment to this Agreement for such change to be vested hereunder. ARTICLE X TRANSFERS AND.ASSIGNMENTS Section 10.1 Town as Successor-in-Interest to County. Although not required by the terms of this Agreement, it is anticipated by the parties that the Property shall. be annexed into the Town shortly after recordation of the first final map for Easton Point. Except where the context does not permit such interpretation, once annexation has occurred, the term "County" as used herein shall refer instead to the Town of Tiburon, "County Board of Supervisors" shall refer instead to 'Town Council," "County Planning Commission" shall refer instead to "Town Planning Commission," "County Administrator" shall refer instead to ' "Town Manager," and "County Counsel" shall refer instead to 'Town Attorney." Without limiting the generality of the foregoing, the term "County of-Marin" as used in Section 7.2(lq),.supra, shall not be construed to mean the Town. 43 EXHIBIT'1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 10.2 Right.to Assign. Owner shall have the right to sell, assign or transfer, in whole or in part, its rights, duties and obligations under this Agreement to any person or entity at any time during the term of this Agreement, including without limitation the right to assign or I transfer such rights, duties and obligations to the HOA, provided, however, that -except in the case of an assignment or transfer of rights, duties. and obligations to the HOA. - the rights, duties and obligations conferred upon Owner pursuant to this Agreement shall not be at any time so transferred or assigned except through a transfer of the Property and the assumption by the transferee of the Owner's duties and obligations under this Development Agreement'in so for as such duties and obligations pertain to the portion' of the Property transferred (if less than all of the Property is so transferred). Any such transfer and assignment. shall be pursuant to an assignment and assumption agreement my a form reasonably acceptable to County Counsel. In the event of a transfer of a portion of the Property, Owner shall have the right to transfer its rights, duties and obligations under this Agreement which are applicable to the transferred portion, and to retain all rights, duties and obligations applicable to the retained portions of the Property. All costs incurred by County, including attorneys fees and costs, in connection with review and approval of the transfer and assignment documentation, including assignment and assumption agreement, shall be bome by Owner. Section 10.3 Release Upon Transfer. Upon the sale, transfer or assignment of Owner's rights and interests under this Agreement pursuant to Section 10.2, Owner shall be released from its obligations under this. Agreement with respect to that portion pf the Property sold, transferred or assigned, and any default or breach with respect to the transferred or assigned rights and/or obligations shall not constitute a default or breach with respect to the remaining rights and/or obligations under this Agreement, provided that: (a) Owner is not then in material default under this Agreement; (b) Owner has provided to County notice of such transfer; and (c) the transferee executes and delivers to County a written agreement, in form reasonably acceptable to County Counsel, in which (i) the name and address of the transferee 44 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 is set forth and (ii)'the transferee expressly and unconditionally assumes all of the obligations of owner under this Agreement with respect to that portion of the Property sold, transferred or assigned. Failure to deliver a written assignment and assumption agreement hereunder shall not affect the running of any covenants herein with the land, as provided in Section 10.4, infra, nor shall such failure negate, modify or otherwise affect the liability of any transferee pursuant to the provisions of this Agreement. Section 10.4 Covenants Run with the Land. All of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding upon the parties and their respective heirs, successors (by annexation, merger, consolidation, or otherwise) and assigns, devises, administrators, representatives, lessees, and all of the persons or entities acquiring the Property or any portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever, and shall inure to the benefit • of the parties and their respective heirs, successors. (by annexation, merger, consolidation or otherwise) and 'assigns. All of -the provisions of this Agreement shall be enforceable as equitable servitudes and constitute covenants running with. the land pursuant to- applicable law, including but not limited to Section 1468 of the Civil Code of the State of California. Each covenant to do or to refrain from doing some act on the Property hereunder, or with respect to any County-owned property: (a) is for the benefit of such properties and is a burden upon such property; (b) runs with such properties; and (c) is binding upon each party and each successive owner during its ownership of such properties or any portion thereof, and each person or entity • having any interest therein derived in any manner through any owner of such properties, or any portion thereof, and shall benefit each property hereunder, and each other person or entity succeeding to an interest in such properties. Section 10.5 Future Lot Owners and HOA as Third-Party Beneficiaries. The individual entities which purchase Subdivision or Remainder Lots, as well as the- HOA, are third-party beneficiaries of this Agreement, with the right to enforce the Permitted Uses described in 45 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12!09 ARTICLE IV, supra, provided, however, that the enforcement of such rights is limited to the procedures and remedies set forth in ARTICLEVIII, supra. ARTICLE XI NK RTGAGE PROTECTION, CERTAIN RIGHTS OF CURE Section 11.1 Mortgage Protection. This Agreement shall be superior and senior to any lien placed upon the Property or any portion thereof after the date of recording this Agreement, including the lien of any deed of trust or mortgage ("Mortgage"). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid,. diminish or impair the lien of any Mortgage made in good faith and for value, but all of the terms and conditions contained in this Agreement shall be binding upon and effective against any person or entity, including any deed of trust beneficiary or *mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise. Section 11.2 Mortgagee Not Obligated. Notwithstanding the provisions of Section 11.1 above, no Mortgagee shall have any obligation or duty under this Agreement to construct or complete the construction of improvements, or to guarantee such construction or completion; provided, however, that a Mortgagee shall not-be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by this Agreement, or otherwise under Existing Approvals. Section 11.3 Notice of Default to Mortgagee. If County receives a notice from a Mortgagee requesting a copy of any notice of default given Owner hereunder and specifying the a address for service. thereof, then the County shall deliver to such Mortgagee at the address given by such Mortgagee, concurrently with service thereon to Owner, any Notice of Breach given to Owner with respect to any claim by the County that Owner has committed an event of default, and if the County makes a determination of noncompliance hereunder, the County shall likewise serve notice of such noncompliance on such Mortgagee concurrently with service thereon on Owner. Each Mortgagee shall have the right during the same period available to 46 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Owner to cure or remedy, or to commence to cure or remedy, the event of default claimed or the areas of noncompliance set forth- in the County's Notice of Breach. County's obligation under this Section 11.3 shat-Dot arise nor shall.it continue unless and until Owner or the Mortgagee has provided (and, upon any change of name, address or telephone number, continued to provide) County the current name, address and telephone number of the Mortgagee. Such notice shall be given in accordance with the notice provision of this Agreement. ARTICLE XII GENERAL PROVISIONS Section 12.1 Common Sense Interpretation. It is impossible to anticipate or set forth every contingency which' might arise during the term of this Agreement; therefore, this Agreement shall be interpreted in a common-sense 'manner which gives effect to its intent, even when applied to unanticipated circumstances. The parties shall cooperate in good faith to implement the terms and spirit of this Agreement. This Agreement, has been reviewed and revised by legal counsel for both parties, and no presumption shall apply that ambiguities are to be construed against the drafting party. Section 12.2 Private U dertakincg: Indemnification. It is specifically understood and agreed by the parties that the development contemplated by this Agreement is a private development, that County has no interest in or responsibility for or duty to third persons concerning any of said improvements, and that Owner shall have full power over and exclusive control of the Property herein described, subject only to the limitations and obligations of Owner under this Agreement. Owner hereby agrees to indemnify, defend and hold County and its elected and appointed representatives, officers, agents and employees harmless from any liability for damage or claims for damage for personal or bodily injury, including death, as well as from claims for property damage which may arise from the acts, omissions, negligence or willful misconduct of Owner or its employees, contractors, subcontractors, agents, or representatives, excepting suits and actions brought by Owner for default of this Agreement by County or'arising 47 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 from the sole negligence or willful misconduct of County or its elected and appointed representatives, officers, agents. and employees. Without limiting the generality of the foregoing, Owner shall be obligated under this Section 12.2 to defend, save and/or hold County harmless from any and all claims. costs and liability for any damage, personal injury or death, which may arise, directly or indirectly, from Owner or Owner's contractors, subcontractors, agents, representatives, or employees' operation in connection with- any improvements constructed to the County's standards. Section 12.3 No Joint Venture or Partnership. Nothing contained in this Agreement or in any document executed in connection with this Agreement shall be construed as making County and Owner joint venturers or partners. Section 12.4 Notices Demands and Communications between the Parties. Formal written notices, demands, correspondence and communications between County and Owner will be sufficiently given if dispatched by first-class mail, postage prepaid, to the offices of County and Owner indicated below. Such written notices, demands, correspondence and communications may be sent in the same manner to such persons and addresses as either party may from time to time designate by mail as provided in this Section: County: Community Development Agency County of Marin 3501 Civic Center Drive #308 San Rafael, CA 94903-4157 Attn: Community Development Agency Director with copies to: Community Development Department Town of Tiburon 1505 Tiburon Boulevard Tiburon, CA 94920 Attn: Community Development Director and: Town of'Tiburon 1505 Tiburon Boulevard Tiburon, CA 94920 Attn: Town Attorney and: Town of Tiburon 1505 Tiburon Boulevard 48 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Tiburon, CA 94920 Attn: Town Manager Owner: Martha Co. clo John W. Reed 405 Via Del Norte, Suite D La Jolla, California 92037 with a copy to: Harison Bridgett LLP 80 E. Sir Francis Drake Blvd., Suite 3E Larkspur, California 94939 Attn: Mary K. McEachron Notices delivered by deposit in the United States mail as provided above shall be deemed to have been served forty-eight (48) hours after the date of deposit; notices delivered by overnight courier shall be deemed to have been served on the next business day. Copies of notices to owner shall also be sent to other parties owning a portion of the Property who request to receive copies of such notice in accordance with the provisions of Section 8.2, supra. Section 12.5 Waivers. All waivers of the provisions of, this Agreement shall be in writing and signed by the appropriate authorities of County and Owner. Section 12.6 County Approvals and Actions. Whenever reference is made in this Agreement to an action or approval to be undertaken by County,' the County Administrator or the Administrator's designee is authorized to act on behalf of County, unless specifically provided otherwise or the context requires otherwise. Section 92.7 Severability. Except as otherwise provided herein, if any provision(s) of this Agreement is (are) held invalid, the remainder of this Agreement shall not be affected and shall remain in full force and effect unless amended or modified by mutual consent of the parties. Section 12.8 Section Headin s. Article and section headings in this Agreement are for convenience only and are not- intended to. be used in.interpreting or construing the terms, covenants, or conditions of this Agreement. 49 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 12.9 Entire Agreement. This Agreement is executed in multiple counterparts, each of which is deemed to be an original. This Agreement consists of fifty-three (53) pages - including the Recitals bdt, excluding the.cover sheet and table of contents - and six (6) exhibits, .attached hereto and incorporated by reference herein, which together with the Existing Approvals constitute the entire understanding and agreement of the parties. The exhibits, shown with the section numbers at which they are described, are as follows: Exhibit A Legal Description of Property Recital B Recital B Exhibit B Location Map for Easton Point Property Recital. E Exhibit C 32-Unit Lower Density Alternative Plan Section 1.1 Exhibit D 2010 Judgment Exhibit E Representation of Town of Tiburon re Health and Safety Review Section 1.7 Exhibit F Town of Tiburon's Consent.to Term of Development Agreement Section 2.2(d). Section 12.10 Esto rml Certificate. Either party may, at any time and from time to time, deliver .written notice to the other party requesting such party to certify in writing that, to the knowledge of the certifying party: (a) this Agreement is in full force and effect and a binding obligation of the parties; (b) this Agreement has not been amended or modified orally or in writing, or if so amended, identifying- the amendments; and (c) the requesting party is not in default. in the performance of its obligations under this Agreement, . or if in default, describing therein- the nature and amount of any such defaults. The party receiving a request hereunder shall execute and return such certificate or give a written, detailed response explaining why it will not do so within thirty (30) days following the receipt thereof: Either the County Administrator or the Community Development Agency Director of the County shah have the right to execute any certificate requested by Owner hereunder. The County acknowledges that a certificate hereunder may be relied upon by transferees and Mortgagees. Section 12.11 Applicable Law. This Agreement shall be construed and enforced in accordance with the laws of the State of California without reference to its choice of laws provisions. 50 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 12.12 Consistency with County Ordinance. The County warrants that each and vision of this Agreement is consistent with, and not in conflict with, the County's every pro Development AgreeMArA Resolution. Section 12.13 Recordation. Within ten (10) days after the Effective Date, the County Clerk shall cause this Agreement to be recorded with the Marin -County Recorder. If the parties to this Agreement or their successors-in-interest amend or cancel this Agreement as hereinabove provided, the County Clerk shall have notice of such action recorded with the Marin County Recorder. Section 12.14 Definitions. The following defined terms are defined in the Recital or Section indicated below: Recital E 32-Unit L.DA -Recital C 1976 Judgment Recital C 2007 Judgment Section 1.1 2010 Judgment Introduction at p.1 Agreement section 4.2(h) Building & Landscape Envelope Recital D CEQA Section 8.1 Compliance Notice Introduction at P.1 County Section 8.3(a)(iii) Demand Recital A Development Agreement Legislation K(5) Recital (5 Development Agreement Resolution 5.3 Section Development Standards Recital N Effective Date Recital D EIR . ital 4(5) R Exceptions to Subdivision Standards ec Recital 8.3 a iu Exchange , Recital M . Existing Approvals nd Tiburon Development Standards l Section 5 5.3 s a Existing Approva .1(e) Section HOA Section 9.3 Insubstantial Amendment Recital M(2) Master Plan Section 11.1 Mortgage Section 11.1 Mortgagee Recital F MOU 51 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12/09 Section 8.1 Notice of Breach Introduction at p.1 Owner Recital M(4) Precise Development Plan section 4.20) Private Open Space Recital E Project Section 2.3(a)(i) Project Approval Recital B Property Section 2.4(b) Remainder Lot Section 4.2(i) Residential Building Envelope Recital M(1) Rezoning Section 2.4(a} Subdivision Lots Section 6.1 Subsequent Approvals Section 6.1 (b) Subsequent Discretionary Approvals Section 6.1(a) Subsequent Ministerial Approvals Recital M(3) Tentative Subdivision Map Recital E Town Section 8.3(a)(iii) Tribunal Section 2.3(b) Uncontrollable Event Section 5.2. Vested Elements The term "County" as defined herein shall not be interpreted to include or reference the Marin County Open Space District, which is a separate governmental entity. [Signatures on following Pagel 52 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/17/09 IN WITNESS WHEREOF, this Agreement has been entered into by and between County and Owner as of its Effective Date: OWNER: MARTHA CO., a California corporation By: COUNTY: COUNTY OF MARIN, a governmental entity duly organized and existing under the laws of the State of California By: Attest: By: APPROVED AS TO FORM: Mary K. McEachron Attorney for Martha Co. Patrick K. Faulkner, County Counsel APPROVED AS TO FORM: Bv: 53 EXHIBIT 1 TO MEMORANDUM OF UNDERSTANDING 11/12109 LEGAL DESCRIPTION The land referred to herein is situated in the State of California, County of Maria, and described as follows: A Portion of the parceofland described in the Deed from Jessie O. Soilom, et con, to JR. Henify Company, a corporation, by Deed recorded November 18, 1918 in Book 198 of Deeds at Page 463; Marie County Records. known as San Clemente). to Tiburon of the of that Beginning at a point on the Westerly- line of Paradise Drive, (formerly County Road,*also known as Tiburon Blvd. which point is the intersection ted States a America, recorded certain tract of land containing 50 acres as 289 M ~ Cotie unty Records; oThe U thence along said Southeasterly Line June 30, 1904 in Book 87 of Deeds at Page , said of said tract of land South 34° 15' East 1032.5 feet to the Southerly corner of said r 47 ct; he .Weleaving 400 feet Southeasterly line and running South 34° 28 West 837 feet to a point; thence South to the center of Yistazo East Streit and Centro to a point; thence South 66° 02' East 2150 feet, more or less, "Map No. 3 of Lyford's Hygeia Vistazo Drive as said street and drive are shown ~ Caleed QTpc~enCO d August 23, 1894 in Mann County (at Goddess of Health).at Tiburon Pont, M Records; running thence South 71° 16' East 350 feet, more or less to the fr s sllynjne of F said Paradise di County Drive; thence Northerly along said Westerly line as determined by Dee grin recorded August 2, 1896 in Book 51. of Deeds at Page 363, Marin County Records, to the point of of M beginning. Excepting therefrom the following certain parcels of. land: (a) the parcel conveyed by John P. Reed, at of to Thomas -B. Deffebach by Deed recorded May 13, 1910 in Book 128 of Deeds at Page 343, Mama County Records (b) the parcel conveyed by Jessie 0. Sollom%.et vir, to Serena Thayer Keil, by Deed recorded September 18, . 1915 in Bock t 73 of Deeds at Page 35, Marin County Records, of Maria for highway purposes, by Deed (c)'the parcel conveyed by.;: R. Henify Co., a corporation to County recorded December 17, 1943 in Book 454 of Official Records at Page.398, Marin County Records. (d) the parcel conveyed by Martha Co, a corporation to Marin Municipal Water District, a public corporation by Deed recorded July 6; 1976 in Book 3055 of Official Records at Page 142, Marin County Records. (End of Legal Description) EXHIBIT A EXHIBIT B m Lyj .!.'max - ~ • O EXHIBIT C . •11 i y/ r 2010 Judgment (to be inserted) EXHIBIT D REPRESENTATION OF TOWN OF TIBURON RE HEALTH & SAFETY REVIEW The undersigned certifies on behalf of the-Town of Tiburon that the Town of Tiburon has caused to be reviewed the Environmental Impact Analysis for the Easton Point 32-Unit Lower Density Alternative and, in addition, has caused to be conducted any and all additional reviews, studies, investigations, inquiries, and analyses necessary to satisfy itself with respect to whether the Easton Point 32-Unit Lower Density Alternative as described in the Easton Point Final Environmental Impact Report, including required mitigation measures C'32-Unit LDA"), could result in conditions dangerous to health and safety. On such bases, the Town has concluded that the 32-Unit LDA should not result in conditions dangerous to health and safety. TOWN OF TIBURON By: Name: Its: By: Approved as to Form: w Ann R. Danforth Town Attorney EXHIBIT E