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HomeMy WebLinkAboutMINUTES - 08061985 - T.7 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on August 6 , 1985 , by the following vote: AYES: Supervisors Powers , Schroder, McPeak , Torlakson and Fanden NOES: None ABSENT: None ABSTAIN: None SUBJECT: Ordinance (s) Introduced The following ordinance (s) having been introduced, the Board by unanimous vote of the members present waives full reading thereof and fixes August 13 , 1985 as the time for adoption of same . Ordinance 85-47 adopting an acquisition and development agreement between Contra Costa County , the Contra Costa County Redevelopment Agency and the San Francisco Bay Area Rapid Transit District . I hereby certify that this is a true and correct eopy of an action taken and enter3d on the minutes of the Board of Supervisors in the date shown. i ATTESTED: f.,,4,14-F ..,_,— PHiI BATCHMOROCIerk of the Board of Supervisors and County Administrator By Deputy 78 CONTRA COSTA COUNTY REDEVELOPMENT AGENCY Adopted this Order on August 6,_1985 , by the following vote: AYES: Supervisors Powers , Schroder, McPeak, Torlakson and Fanden NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. RA 85-8 SUBJECT: Acquisition and Development Agreement between the Agency, Contra Costa County and the San Francisco ay Area Rapid Transit District 1 . The staff has presented a proposed Acquisition and Development Agreement ("Agreement") between the Agency, Contra Costa County ("County") and the San Francisco Bay Area Rapid Transit District ("BART") which Agreement is attached hereto as Exhibit A. The Agreement provides for certain transfers between the Agency, County and BART, of property in the Project Area governed by the Redevelopment Plan for the Pleasant Hill BART Station Area ("Redevelopment Plan") , provides for the Agency to undertake certain public improvements in the Project Area, provides for certain standards of development for property owned by BART in the Project Area and constitutes an owner-participation agreement between the Agency and BART with respect to certain property owned by BART in the Project Area. 2. After duly noticed public hearing, the Agency hereby finds and determines that entering into the Agreement will be of benefit to implementation of the Redevelopment Plan in that the Agreement provides for the Agency to acquire from BART property necessary for construction of public improvements in the Project Area and for assemblage of development sites in the Project Area, provides for construction of public improvements in the Project Area and provides for development of property owned by BART in the project area in a manner consistent with the Redevelopment Plan. Therefore, the Agency hereby resolves that the Agreement is approved and that the Executive Director of the Agency is authorized to execute the Agreement on behalf of the Agency in substantially the form and substance as set forth in Exhibit A attached to this resolution. I hereby certify that this Is a true and correct copy of an action taken And entered"on the minutes of the Redevelopment Agen cy on the date shown. ATTESTED: PHIL SATC LOR,Agency Secretary By ----r Deputy cc: Distribution via Redevelopment Agency to: County Administrator Goldfarb & Lipman Community Development Department San Francisco Bay Area Rapid Transit District (BART) RESOLUTION NO. RA 85-8 ACQUISITION AND DEVELOPMENT AGREEMENT by and between CONTRA COSTA COUNTY and CONTRA COSTA COUNTY REDEVELOPMENT AGENCY and SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT Table of Contents RECITALS2 1. Definitions and Exhibits. 0 5 1 .1 Definitions. . . . . . . . . . . . 0 0 5 1 .2 Exhibits. .._ . 8 2. Effective Date; Term. 0 . . . . . . . . . . 10 2.1 Effective Date. 10 2.2 Term. 10 2.3 Recordation of Amendment or Cancellation. 10 3. Conveyance of BART Dedication Property to Agency. 10 3. 1 Property Identification. . . . . . . . . . 10 3.2 Conveyance Consideration. . . . . . . . . 11 4. Conveyance of BART Road Property to Agency. 11 4.1 Property Identification. . . . . . 11 4 .2 Conveyance Consideration. . . . . . . 11 5. Conveyance of BART Assemblage Property to Agency. 11 ,5.1 Property Identification. . . . 11 5.2 Conveyance Consideration. 0 . . . . 12 6 . Conveyance of County Conveyance Property and Transit Easements to BART. . . . . . . . . . . . . 12 6. 1 Property Identification. . . . . . . . 12 6.2 Transit Easements. . . . 00 . . . . . . . 12 6.3 Conveyance Consideration. 0 . . . . . . . 12 7. Conveyance of Sacramento Northern Claims in Parcel B-32. . . . . . . . . . . . . . . . . . . . . . . . . . 13 7.1 Property Identification. . . . . . . . . . 13 7.2 Property Valuation. . . . . . . . . . . . 13 8. Opening of Escrow. . . . . . . . . . . . . . . . 13 9. The Closing. . . . . . . . . . . . . . . . . . . 13 9.1 The Closing Date. . . . . . . . . . . . . 13 9.2 Condition of Title of BART Dedication Property, BART Road Property, and BART Assemblage Property. . . . . . . . . . . . . . . . . . . . . 13 9.3 Condition of Title of County Conveyance Property and Transit Easements. . . . . . . . . . 14 9.4 Condition of Title of Sacramento Northern Claims 1n .Parcel B-32 . . . . . . . . . . . . . . 15 9.5 Alternative Procedures for Closing. 15 9.6 Alternative If Financing Arranged, 15 9.7 Alternative If Financing Not Arranged. 16 9.8 Closing Procedures. . . 17 9.9. Further Conditions to the Closing. 18 . 9.10 Possession. 18 9. 11 Effect of Failure of Escrow to Close. 18 10 . Consent to New Leases and Other Contracts Affecting the Property. . . . 19 11. Bond Financing. 19 12. Treatment of BART Assemblage Property After the Effective Date20 13. Sacramento Northern Claims. 0 22 14. Treatment of Parcel B-17 After the Effective Date. . . . . . . . 0 0 * 22 15. , Development of the BART Development Property. 23 -i- 15.1 Development Agreement. 0 0 0 0 0 . 0 23 15.2 Zoning Conformance to Specific Plano . 0 23 15.3 Approved Land Use Standards. 0 0 6 . . 0 24 15.4 Development in Excess of Approved Land Use Standards. 0 • 25 15.5 Permits to Implement Le;eio;m;ni. * 25 15.6 Future Design Reviewo 0 0 0 * a 25 ; 15.7 CEQA Review. 0 0 o o o 0 o 0 o 0 0 a 0 0 . 25 ' 15 .8 Application of New Rules, Regulations or Policies• • 26 15.9 In Li 15.9 27 15.10 Transfer of Development Potential. 27 16 . Periodic Review of Compliance.. 28 16.1 Annual Review. * & * 0 28 16.2 BART's Submission. 0 0 28 16.3 Schedule for Development. 28 16.4 Finding of Compliance. 0 0 0 0 . * 0 0 . 29 16.5 Finding of Noncompliance. 0 0 0 . 0 0 . 29 16.6 Review by County Board of Supervisors. 0 29 16.7 Miscellaneous Requirements in Connection with Annual Review. 0 * 0 0 0 * * 0 0 0 0 * * 0 . 30 17. Agency Approvals. 0 * 0 0 * * 0 0 0 0 . 0 . . 30 17.1 Redevelopment Agency Owner Participation Agreement. . . . . 0 0 30 . . . . 17.2 Future Agency Review. • 30 18 . Development Fees and Development Fee Credits. 31 18.1 Development Fees. 0 0 0 10 0 0 0 0 0 0 0 31 18.2 Calculation of Development Fee Creditso 32 18.3 Credit If Financing Arranged. . * 0 . 0 32 . 18o4 Credit If Financing Not Arranged. . 0 0 32 18.5 Application of Credits. 0 0 0 0 0 0 0 . 33 18o6 Documentation of Credit. 0 0 . 0 0 0 0 . 34 18.7 Payment of BART's Development Fees by Agency. P; 0 0 * ,o * 0 0 0 * 0 0 0 a o . o . o . . 34 19. Development Fee Credit Attributable to the Thomas Property. . - - I . *'. - - o, - - - - - o . . . . . . . 34 20. Construction Work. . . 0 * 0 36 20..1 Cost'Allocation. 0 * 36 20.2 Approval of Plans and Specificationso 36 20.1 Sequence of the Construction Work. 37 20.4 Payment of BART's Cost Allocation. 0 0 0 37 20.5 Provisions Relating to Financing. . . . 37 20.6 Construction by Agency. 0 0 . 0 0 . . 0 37 20.7 Contract Documentso 0 0 0 . 0 * . 0 0 . 38 20.8 Contract Administration. 0 0 0 . * . . • 38 20 .9 Change Orders. 0 * 0 * 0 0 0 0 0 & . . • 39 20.10 Exception to Change Order Procedure. 0 39 20.11 Changes for Work Other Than the Construction Worko . 0 . . 0 * 0 0 0 * . 0 0 . . 39 20.12 Final Inspection. 0- 0 * 0 0 0 0 0 0 40 20.13 Outside Sources of Funding. 0 0 0 0 0 40 20.14 Grant of Easements. * 0 * 0 & 0 0 0 . 40 21, BART Loan to Agency for the Parking Lot Improvements. • 0 0 0 0 0 0 0 0 0 0 * 0 0 0 * 40 21.1 Agency Request for Loan. . . . . . . . . 40 21.2 Loan Terms. . . . . . . . . . 41 21 .3 Repayment of Loan From Financing Proceeds. 42 21.4 Use of Tax Increments To Pay Loan. 42 22. Utilities. . . . . . . . . 42 23. Right of Entry and Indemnification. 0 43 24. Abandonment of County Right of Way. 0. 43 25. Notices. . . . . . . . . . . . . . . - 44 26. Permitted Delays. . . . . . . . . 44 27. Supersedure by Subsequent Laws. . . . . . 44 28. Events of Default; Remedies; Termination; Attorneys' Fees. . . . . . . . . . . 45 28 .1 Events of Default. 45 28.2 Remedies . . . . . 0 . . . 0 46 28.3 Limitation on Damages. . - 46 28 .4 Special Remedy of Reimbursement of Unused Credits. . . 46 28.5 Waiver; Remedies Cumulative. . . 47 28.6 Litigation Expenses. . . . . . . . . . . 48 28.7 Actions by a Third Party. . . . . . . . 48 28.8 Effect of Court Action. . . . . . . . 48 29. Estoppel Certificate. . . . . _. . . . . . . . 49 30. Transfers and Assignments. . . . . . . . . . . 49 30. 1 Rights To Assign. . . . . . . . . . . . 49 30.2 Procedure Upon Transfer. . . . . . . . . 49 31 . Amendment and Termination. . . . . . . . . 50 32. Operating Memoranda. . . . . . . . . 50 33. Rights Run With the Land. . . . . . 51 34. Time of Essence. . . . . . . . . . . 51 35. Governing Law. . . . . . . . . . . . . . . . . 51 36. Severability. . . . . . . . . . . . . . . . . 51 37. Headings, 0 . . . . . . . . . . . . . . 52 -iii- RECORDING REQUESTED BY: Contra Costa County WHEN RECORDED RETURN TO: Contra Costa County Attention: ACQUISITION AND DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into as of the day of , 1985, by and between CONTRA COSTA COUNTY, a county of the State of California ("County") , CONTRA COSTA COUNTY REDEVELOPMENT AGENCY ("Agency") and SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT ("BART") , on the basis of the following facts, understandings and intentions of the parties: , RECITALS A. These Recitals refer to and utilize certain capitalized terms which are defined in this Agreement. The parties intend to refer to those definitions in conjunction with the use thereof in these Recitals. B. County and Agency are interested in promoting more intensive development in the vicinity of the Pleasant Hill BART, Station (the "Station Area") , recognizing the special importance of the Station Area given the high level of regional accessibility provided by BART and Interstate 680, the Area's central location in the County and the public and private investment in the surrounding areas. With such goals in mind, the County had adopted in 1975 an Area Plan for the Station Area which provided for a higher density of development; however the Station Area was not redeveloped in the manner contemplated by that Plan. C. The County, continuing to wish to encourage development of the Station Area that makes efficient use of land, utilities, transit facilities and other resources within and around the Station Area, commissioned a specific plan in 1981 to refine the plan for the area and set standards for office, retail and residential development in the Station Area and to identify public infrastructure improvements that would be necessary to support such development. On June 7, 1983, a specific plan for the Station Area was approved and adopted by the County Board of Supervisors in Resolution No. 83/805 , and was amended thereafter by resolutions adopted on January 31 and April 10 , 1984 , February 5, 1985, and May 14 , 1985 (the "Specific Plan") . An environmental impact report (the "EIR") was also prepared pursuant to the -2- California Environmental Quality Act ("CEQA") in connection with the consideration and adoption of the Specific Plan to identify and determine necessary mitigation measures which needed to be undertaken to address the impact of increased land use in the Station Area as contemplated by the Specific Plan. Relevant elements of the Specific Plan include assembly of small parcels in the Station Area into sites for new development, installation of up-graded utilities, roadway construction and realignment, improved vehicular and pedestrian circulation and standards for private development within the Station Area. D. Having determined that the Station Area was blighted and that the impediments to desired development include the small size of the lots within. the Station Area, the dilapidation of some of the existing improvements in the Station Area, the configuration of the lots in relationship to the street pattern and the lack of the public infrastructure and improvements necessary to permit redevelopment, the County and Agency believed the Station Area would not be likely to be developed in the manner contemplated by the Specific Plan without the kinds of development assistance provided through the redevelopment process. E. In order to implement the Specific Plan, the Agency submitted, and the County Board of Supervisors adopted by Ordinance No. 84-30 , on July 10 , 1984 , a Redevelopment Plan for the Pleasant Hill BART Station Area Redevelopment Project (the "Redevelopment Plan") . The Redevelopment Plan covers approximately 130 acres of land within the County, mostly coterminous with the Station Area, and more specifically shown in Exhibit C attached hereto (the "Project Area") . F. BART anticipates development of the BART Development Property (defined in Paragraph 1.1 (f) ) (lying within both the Station Area and the Project Area) in conformance with the Specific Plan and the Redevelopment Plan. The development anticipated for the BART Development Property includes mixed-use phased development including associated commercial parking requiring major investment in public facilities and substantial initial investment in on- and off-site improvements in order to make such development feasible. BART owns property which the Agency wishes to acquire for the construction of some of the public improvements contemplated by the Specific Plan and the Redevelopment Plan. In addition, BART owns property which the Agency may acquire for assemblage with other lots in the Project Area for private redevelopment purposes consistent with the Specific Plan and the Redevelopment Plan. The County owns property adjacent to BART' s Development Property which BART wishes to acquire, to enable BART to assemble the land needed to carry out the purposes of the Specific Plan as it relates to the BART Development Property. -3- G. Pursuant to the Specific Plan, developers of property in the Station Area (and in the Project Area pursuant to the Redevelopment Plan) are required to pay development fees based upon the square footage of development allowed on their property. Assessment District 1983-1 was approved and formed by the County Board of Supervisors to collect a portion of the development fees in advance of any actual private development in order to help finance and commence construction of certain of the planned public infrastructure improvements related to roads , circulation and drainage (the "Public Improvements") . BART was not required to, and did not, join the Assessment District, but under the Specific Plan, it would be required to pay development fees in lieu of such assessment for the Public Improvements in conjunction with and at the time of its development of the BART Development Property. H. It is the intent and desire of County, Agency and BART to provide for the transfer of various parcels which they own, to set standards for development of the BART Development Property, and to arrange a method for payment of the development fees in a manner which will enable the County and Agency to carry out their respective Plans for implementing the Public Improvements and parcel assemblages and to enable private development within the Project Area to go forward as desired. This Agreement is a necessary and logical step to implementing such goals and policies, to providing balanced and diversified land uses in order to maintain the overall quality of life and of the environment within the County, to improve roads, traffic flow patterns and support facilities (such as storm drainage and other amenities) in the Project Area, and to establishing measures for mitigation of any adverse environmental impacts in the County and the surrounding region. The County, the Agency and BART believe that the orderly development of the BART Development Property will provide many public benefits to the County and the residents of the County through the imposition of the foregoing under the terms and conditions of this Agreement, including, without limitation, increased tax revenues resulting in fiscal benefits to the Agency and County, installation of on- and off-site public improvements, and development of employment-creating uses at a location already serviced by major regional transportation systems including BART. I. The County, the Agency, and BART have determined that a development agreement pursuant to the California Development Agreement Law (California Government Code Sections 65864 et. seq. ) is an appropriate vehicle to provide for certain parameters of use, height, density and setback standards for development of the BART Development Property so as to allow BART to plan and implement development of that property 'in a rational manner consistent with the Specific Plan and the- Redevelopment Plan and with assurances that such parameters will not be altered during the course of that -4- planning and implementation; and is an appropriate vehicle to assure the County and the Agency that the BART Development Property will be developed in a timely manner and in a manner which will be consistent with the Specific Plan and the Redevelopment Plan. J. On July 16 , 1985, after due review of this Agreement by the appropriate County agencies and departments , and consideration of all other evidence heard and submitted at a duly noticed public hearing, the Contra Costa County Planning Commission found and determined that this Agreement is consistent with the County's General Plan and the Specific Plan. K. Thereafter, on , 1985,-'the County Board of Supervisors held a duly noticed public hearing on this Agreement, found this Agreement consistent with the County's General Plan and the Specific Plan, and introduced an ordinance in order to enact this Agreement as its legislative act. Thereafter, on , 1985 , the County Board of Supervisors adopted the ordinance (Ordinance No. ) enacting this Agreement as its legislative act (the "Enacting Ordinance") . N o w, T h e r e f o r e, pursuant to the authority contained in the California Development Agreement Law, and in consideration of the mutual covenants and promises of the parties herein contained, the parties agree as follows : 1 . Definitions and Exhibits. 1 .1 Definitions. The following definitions shall govern this Agreement. (a) "Adjustment Factor" shall mean 1 .045 . (b) "Approved Land Use Standards" shall have the meaning given in Paragraph 15.3. (c) "BART Dedication Property" shall mean the property described as Parcels B-1 , B-2, B-3 , B-18 , B-20, B-21 , B-22, B-23 , B-26, B-28 , B-29 , B-31 , B-33, B-34 and B-35 in the attached Exhibit A-1 which BART is to convey to the Agency pursuant to the terms of this Agreement. (d) "BART Road Property" shall mean the property described as Parcels B-4 , B-5, B-6, B-7, B-8 , B-9, B-10 , B-27 and B-30 in the attached Exhibit A-2 which BART is to convey to Agency pursuant to the terms of this Agreement. -5- (e) "BART Assemblage Property" shall mean the property described as Parcels B-11 , B-12 , B-13 , B-14 , B-15 , B-16 and B-19 in the attached Exhibit A-3 which BART may convey to the Agency or to developers pursuant to the terms of this Agreement. (f) "BART Development Property" shall mean the property described in the attached Exhibit B which BART intends to develop or cause to be developed in accordance with the terms and conditions of this Agreement. (g) "Closing" shall have the meaning given in Paragraph 9 . 1 . (h) "Construction Work" shall mean those parking, road access and sanitary sewer line relocation improvements described in Exhibit F which the Agency is to construct. (i) "County Conveyance Property" shall mean the property described as Parcels C-1 , C-2 and C-3 in the attached Exhibit A-5 which County or Agency is to convey to BART pursuant to this Agreement. (j) "County Easement Property" shall mean the property described as Parcels C-5 , C-6 and C-7 in the attached Exhibit A-9. (k) "County Right of Way Vacation Area" shall mean that portion of the BART Development Property described as Parcels P-2 and P-34 in the attached Exhibit A-6 over which the County has existing right of way easements, which easements County is to abandon and vacate pursuant to Paragraph 24 . (1) "Credit" shall mean the amount of credit to which BART is entitled to receive by virtue of having prepaid development fees otherwise due and payable in connection with and at the time of the development of the BART Development Property, and is entitled to use at the time of development of the BART Development Property, as calculated and adjusted from time to time pursuant to Paragraph 18 . (m) "Defaulting Party" shall have the meaning given in Paragraph 28 . 1 . (n) "Effective Date" shall have the meaning given in Paragraph 2.1 . (o) "EIR" shall have the meaning given in Recital C. -6- (p) "Enacting Ordinance" shall have the meaning given in Recital K. (q) "Event of Default" shall have the meaning given in Paragraph 28 .1 . (r) "Financing Date" shall have the meaning given in Paragraph 11 . (s) "Law" shall mean the laws of the State of California, the Constitution of the United States, and any codes, statutes, regulations or executive mandates or any court decision, state or Federal thereunder. (t) "New Dedicated Easements" shall mean those Easements described in the attached Exhibit A-7 for traffic control devices and a pedestrian bridge which BART is to grant to the Agency pursuant to this Agreement. (u) "Parcel B-17" shall mean that property described in the attached Exhibit A-4. (v) "Parcel B-32" shall mean that property described in the attached Exhibit A-8 . (w) "Parking Lot Work" shall mean that portion of the Construction Work which is described as the Parking Lot Work in the attached Exhibit F. (x) "Project Area" shall mean the area governed by the Redevelopment Plan as shown on the map attached as Exhibit C. (y) "Public Improvements" shall have the meaning given in Recital G. (z) "Redevelopment Plan" shall have the meaning given in Recital E. (aa) "Sacramento Northern Claims" shall have the meaning given in Paragraph 13. (bb) "Specific Plan" shall have the meaning given in Recital C. (.cc) "Specific Plan Area" shall mean the geographic area within Contra Costa County covered by the Specific Plan, and is the same area as the Station Area. (dd) "Station Area" shall have the meaning given in Recital B. -7- (ee) "Thomas Property" shall mean that portion of the BART Development Property described in the attached Exhibit I. (ff) "Transit Easements" shall have the meaning given in Paragraph 6 .2. (gg) "Transit Functions" shall mean use of the BART Development Property for purposes of construction, operation, administration, maintenance, repair or replacement of transit facilities, or functions related thereto. 1. 2 Exhibits. The following Exhibits are attached to this Agreement and by this reference are incorporated herein and made a part hereof. Exhibit A Composite Map showing all the parcels described in Exhibits A-1 through A-9. Exhibit A-1 Map and legal description of the parcels comprising the BART Dedication Property. Exhibit A-2 Map and legal description of the parcels comprising the BART Road Property. Exhibit A-3 Map and legal description of the parcels comprising the BART Assemblage Property. Exhibit A-4 Map and legal description of Parcel B-17. Exhibit A-5 Map and legal description of the parcels comprising the County Conveyance Property. Exhibit A-6 Map and legal description of County Right of Way Vacation Area. Exhibit A-7 Map and legal description of the New Dedicated Easements. Exhibit A-8 Map and legal description of Parcel B-32 . Exhibit A-9 Map and legal description of the County Easement Property. Exhibit B Map and legal description of the BART Development Propety. Exhibit C Map showing the Pleasant Hill BART Station Redevelopment Project Area. -8- Exhibit D Exceptions to title to the BART Dedication Property, BART Road Property and BART Assemblage Property. Exhibit E Exceptions to title to the County Conveyance Property. Exhibit F Description of the Construction Work and elements thereof including the Parking Lot Work. Exhibit G Schematic map showing the location of utility stubs for storm and sanitary sewer drains referred to in Paragraph 22. Exhibit H Form of documentation for the Credit. Exhibit I Map and legal description of the Thomas Property. Exhibit J The form of Promissory Note referred to in Paragraph 21 .2. Exhibit K BART insurance requirements referred to in Paragraph 20.7. 2. Effective Date; Term. 2. 1 Effective Date. This Agreement shall be dated and the obligations of the parties under this Agreement shall be effective as of the date which is thirty (30) days following the date the Enacting Ordinance was approved by the County Board of Supervisors as specified in the Recitals above. Said date is referred to in this Agreement as the "Effective Date" . After the Enacting Ordinance takes effect pursuant to Government Code Section 25123 , and not later than ten (10) days thereafter, the County, by and through its Board of Supervisors, . the Agency and BART shall execute and acknowledge this Agreement, and thereafter the Clerk of the County Board of Supervisors shall cause this Agreement to be recorded in the Official Records of the County . of Contra Costa, State of California. The cost of recording this Agreement, if any, shall be borne equally by BART and the County. 2.2 Term. .The Term of this Agreement shall commence on the Effective Date and shall terminate ten (10) years thereafter, unless sooner terminated or extended as provided in this Agreement. 2.3 Recordation of Amendment or Cancellation. .If the parties amend or cancel this Agreement as herein provided, or as otherwise provided by the California -9- Development Agreement Law, or this Agreement is terminated pursuant to any provision hereof, then the Clerk of the County Board of Supervisors shall, not later than ten (10) days after such action takes effect, cause an appropriate notice of such action to be recorded in the Official Records of the County of Contra Costa describing the real property affected by such action. 3 . Conveyance of BART Dedication Property to Agency. 3 . 1 Property Identification. BART hereby agrees to grant, sell, transfer and convey to Agency, and Agency hereby agrees to accept from BART, upon and subject to the terms and conditions set forth herein, the BART Dedication Property described as follows : (a) Parcels B-1 , B-2 , B-3 , B-18 , B-20, B-21, B-22, B-23, B-26 , B-28 , B-29, B-31, B-33, B-34 and B-35, each located in the County of Contra Costa, State of California, as more particularly described in Exhibit A-1 ; (b) together with all rights, privileges and easements appurtenant to each of said parcels comprising the BART Dedication Property. 3 .2 Conveyance Consideration. The parties agree that the aggregate value of the BART Dedication Property is $3 , 102,912 and such property shall be conveyed to the Agency at no cost to the Agency at the Closing. 4 . Conveyance of BART Road Property to Agency. 4 .1 Property Identification. BART hereby agrees to grant, sell, transfer and convey to Agency, and Agency hereby agrees to accept from BART, upon and subject to the terms and conditions set forth herein, the BART Road Property described as follows : (a) Parcels B-4 , B-5, B-6 , B-7, B-8, B-9, B-10, B-27 and B-30 , each located in the County of Contra Costa, State of California, as more particularly described in Exhibit A-2; (b) together with all rights, privileges and easements appurtenant to each of said parcels comprising the BART Road Property. 4. 2 Conveyance Consideration. The parties agree that the values of the parcels comprising the BART Road Property shall be as follows: -10- (a) Parcel B-4 : $ 61 ,424 . (b) Parcel B-5 : $148 ,864 . (c) Parcel B-6 : $ 86,240. (d) Parcel B-7: $ 55,072 . (e) Parcel B-8 : $ 47 ,892 . (f) Parcel B-9 : $114 , 560 . (g) Parcel B-10: $ 68, 164. (h) Parcel B-27 : $ 20,032. (i) Parcel B-30 : $154 ,154 . For a total value of $756,402. 5. Conveyance of BART Assemblage Property to Agency. 5.1 Property Identification. If so required pursuant to the provisions of Paragraph„ 9 .7 or Paragraph 12, below, BART hereby agrees to grant, sell, transfer and convey to Agency, and Agency agrees to accept from BART, upon and subject to the terms and conditions set forth in this Agreement, the BART Assemblage Property described as follows: (a) Parcels B-11, B-12, B-13, B-14 , B-15, B-16, and B-19 , each located in the County of Contra Costa, State of California, as more particularly described in Exhibit A-3; '(b) together with all rights, privileges and easements appurtenant to each of said parcels comprising the BART Assemblage Property. 5.2 Conveyance Consideration. The parties agree that the values of the parcels comprising the BART Assemblage Property shall be as follows : (a) Parcel B-11 : $ 296,803. (b) Parcel B-12 : $ 284 ,986. ! (c) Parcel B-13 : $ 36,270 . (d) Parcel B-14 : $ 415 ,447.50 (e) Parcel B-15: $ 219,882. (f) Parcel B-16: $ 9,438 . (g) Parcel B-19 : $ 9,958. For a total value of $1,272,784 .50 . '6 . Conveyance of County Conveyance Property and Transit Easements to BART. 6 .1 Property Identification. County hereby agrees to grant, sell, transfer and convey to BART or arrange for Agency to grant, sell, transfer and convey to BART in which event Agency shall so grant, sell transfer and convey to BART, and BART hereby agrees to accept -11- from Agency or County, upon and subject to the terms and conditions set forth herein, the County. Conveyance Property described as follows: (a) Parcels C-1 , C-2 and C-3 , each located in the County of Contra Costa, State of California, as particularly described in Exhibit A-5; (b) together with all rights, privileges and easements appurtenant to each of said parcels comprising the County Conveyance Property. 6 .2 Transit Easements. County and Agency hereby agree to grant, transfer, , and convey to BART, and BART hereby agrees to accept from County and Agency, upon and subject to the terms and conditions set forth herein, easements for transit facilities ("Transit Easements") over County Easement Property described as follows : (a) Parcels C-5 and C-6 each located in the County of Contra Costa, State of California, as particularly described in Exhibit A-9. 6 .3 Conveyance Consideration. The parties agree that the values of the parcels comprising the County Conveyance Property shall be as follows: (a) Parcel C-1 : $110 ,396. (b) Parcel C-2 : $ 69,888. (c) Parcel C-3 : $ 74 ,984 . For a total amount of $255,268. The Transit Easements over Parcels C-5 and C-6 shall be granted at no cost to BART. 7 . Conveyance of Sacramento Northern Claims in Parcel B-32. 7. 1 Property Identification. Subject to the provisions of Paragraph 13, Agency hereby agrees to grant, sell, transfer, and convey to BART and BART hereby agrees to accept from Agency, upon and subject to the terms and conditions set forth herein, the Sacramento Northern Claims (as defined in Paragraph 13) in Parcel B-32. 7.2 Property Valuation. The parties agree that the Sacramento Northern Claims in Parcel B-32 have an agreed upon value of $74 ,523 . 8 . Opening of Escrow. Within one (1) week after all of the parties have executed this Agreement, BART shall deposit an executed copy -12- of this Agreement with the Walnut Creek Office of First American Title Guaranty Company ("Escrow Holder") in order to open an escrow to complete the land conveyancing transaction contemplated by this Agreement. BART, County and Agency agree to execute escrow instructions as may be appropriate to enable Escrow Holder to comply with the terms of this Agreement; provided, however, that in the event of any conflict between the provisions of this Agreement and any escrow instruction, the terms of this Agreement shall control unless such escrow instructions are executed by the County, the Agency and BART, or their respective attorneys. 9. The Closing. 9.1 The Closing Date. The closing ("Closing") for the land conveyances contemplated in Paragraphs 3, 4 , 5 , 6 and 7 shall be held at the offices of the Escrow Holder not later than thirty (30) days following the earlier of the Financing Date or the date the Financing is arranged, or on such other date or dates as Agency, County and BART may agree in writing. Such dates may not be extended without the prior written approval of Agency, County and BART except as otherwise expressly provided in this Agreement. 9.2 Condition of Title of BART Dedication Property, BART Road Property, and BART Assemblage Property. The BART Dedication Property, the BART Road Property and the BART Assemblage Property shall be transferred to the Agency as follows: (a) At the closing with respect to a particular parcel , BART shall convey to Agency fee simple title to the parcel by duly executed and acknowledged grant deed, except as specified in Paragraph 9.2 (b) , provided that the following condition precedent to the close of escrow has been satisfied: (i) with respect to the BART Dedication Property and the BART Road Property, the Escrow Holder shall be prepared to and shall issue a CLTA Owner' s Policy of Title Insurance in the amount of $3,859, 314 insuring fee simple title to the BART Dedication Property and the BART Road Property other than Parcels B-29 and B-31 vested in Agency, subject only to the exceptions shown in the attached Exhibit D, the reserved easements for Parcels B-2, B-6 , B-7, B-8 , B-14, B-15, B-18, B-21, B-22, B-23, B-29, B-30 and B-33, as described in Exhibits A-1 and A-2, the exception noted in Paragraph 9 .2 (c) below, and any other exceptions agreed upon by BART and the Agency, and (ii) with respect to each parcel comprising the BART Assemblage -13- Property, is prepared to issue a CLTA Owner 's Policy of Title Insurance in an amount equal to the value of that parcel set forth in Paragraph 5 .2 above, subject only to the exceptions shown in the attached Exhibit D, the reserved easement for Parcels B-14 and B-15 as described in Exhibit A-3, and any other exceptions agreed upon by BART and the Agency. (b) Parcels B-3, B-10 , and B-33 may be conveyed by quitclaim deed rather than grant deed. (c) The BART Dedication Property shall be conveyed subject to a condition subsequent which requires that if any portion of that property is not put to use for roads, utilities, landscaping, curbs, gutters or sidewalks within five (5) years of the date of the recordation of the conveyance of that property to the Agency, then such portion shall be reconveyed to BART. 9.3 Condition of Title of County Conveyance Property and Transit Easements. At the Closing the County or Agency shall convey to BART fee simple title to the County Conveyance Property by duly executed and acknowledged grant deed, provided that the following condition precedent to the close of escrow has been satisfied: the Escrow Holder shall be prepared to and shall issue a CLTA Owner 's Policy of Title Insurance in the amount of $255 ,268 , insuring fee simple title to the County Conveyance Property vested in BART subject only to the exceptions shown in the attached Exhibit E and any other exceptions agreed upon by BART and the conveying entity. At the Closing, the Agency or the County shall convey to BART the Transit Easements over the County Easement Property by duly executed and acknowledged grant of easement. 9.4 Condition of Title of Sacramento Northern Claims in Parcel B-32 . At the Closing, the Agency shall convey to BART the Sacramento Northern Claims in Parcel B-32 by duly executed and acknowledged quitclaim deed, provided that the following condition precedent to the close of escrow has been satisfied: the Escrow Holder shall be prepared to issue a CLTA Owner 's Policy of Title Insurance in the amount of $355 ,524 'insuring fee simple title to Parcel B-32 vested in BART subject only to such exceptions created by BART prior to the Closing. As a further condition to the Closing, the Agency shall dismiss or caused to be dismissed with prejudice as to Parcel B-32 the action entitled Chatham et. al. v. BART et. al. , Contra Costa Superior Court No. 257752. 9 .5 Alternative Procedures for Closing. -14- The parties contemplate that the Property to be transferred at the Closing and the consideration to be paid or given at the Closing will differ depending upon whether the Financing contemplated pursuant to Paragraph 11 is arranged on or before the Financing Date. Therefore, the parties have provided for alternative procedures for the Closing, the first, as" set forth in Paragraph 9.6, applying if the Financing is arranged on or before the Financing Date and the second, as set forth in Paragraph 9.7, applying if the Financing is not arranged on or before the Financing Date. 9 .6 Alternative If Financing Arranged. In the event the Financing is arranged (as described in Paragraph 11 (b) ) , on or before the Financing Date, then at the Closing: (a) BART shall convey the BART Dedication Property and the BART Road Property to the Agency. (b) County or Agency shall convey the County Conveyance Property and the Transit Easements to BART. (c) Agency shall convey to BART the Sacramento Northern Claims in Parcel B-32. (d) Agency shall pay BART the amount of $497,834 which represents the agreed upon value of the BART Road Property ($756 ,402) less the sum of the agreed upon value of the County Conveyance Property ($255,268) and fifty percent (50%) of the costs of certain appraisals paid for by the County and Agency prior to the Effective Date. (e) BART shall pay the Agency $74,523 , which represents the agreed upon value of the Sacramento Northern Claims in Parcel B-32 as set forth in Paragraph 7.2. (f) If BART has sold Parcel B-17 prior to the Closing, BART shall pay to the Agency the proceeds of such sale in excess of $475,461, but in no event shall the amount paid to the Agency pursuant to this subparagraph (f) exceed $610,175. As used in this Paragraph 9.6 and in Paragraph 9 .7, 12, 14 and 18 , the term "proceeds of such sale" or "proceeds of sale" shall mean the price at which the property was sold less closing costs paid by BART or deducted from the proceeds paid to BART in connection with the sale of the property. -15- (g) BART shall not be obligated to convey any parcel comprising the BART Assemblage Property to the Agency. Upon Closing, BART shall receive the Credit specified in Paragraph 18 .3 . 9 . 7 Alternative If Financing .Not Arranged. In the event the Financing is not arranged on or before the Financing Date, then at the Closing: (a) BART shall convey the BART Dedication Property and the BART Road Property to the Agency. (b) BART shall convey to the Agency those parcels comprising the BART Assemblage Property which BART has not previously sold to third parties or for which BART does not have, as of the date of the Closing, an obligation to sell in the future .-to a person or entity other than. the Agency. (c) County or Agency shall convey the County Conveyance Property to BART. (d) Agency shall convey to BART the Sacramento Northern Claims in Parcel B-32 . (e) BART shall pay the Agency the amount of $74,523 which represents the agreed upon value of the Sacramento Northern Claims in Parcel B-32 as set forth in Paragraph 7.2 . (f) BART shall pay the Agency the proceeds of sale of any parcel comprising the BART Assemblage Property which BART has sold and conveyed to third parties prior to the Closing, provided, however, that in no event shall the amount BART is obligated to pay the Agency pursuant to this subparagraph (f) with respect to any particular parcel comprising the BART Assemblage Property exceed the agreed upon value of such parcel as set forth in Paragraph 5 .2 . (g) If BART has sold Parcel B-17 prior to the Closing, BART shall pay to the Agency the proceeds of such sale but in no event shall the amount paid to the Agency pursuant to this subparagraph (g) exceed $1,085 ,636 . Upon Closing BART shall receive the Credit specified in Paragraph 18.4 . 9 .8 Closing Procedures. -16- At the Closing, the following deliveries and payment of closing costs shall be made: .(a) If the party coAveying the parcel is BART, BART shall deliver to the Escrow Holder a duly executed and acknowledged grant deed (or quitclaim deed pursuant to Paragraph 9.2 (b) ) conveying the parcel to the Agency. (b) If the party conveying the parcel is the County or Agency, the County or Agency, as the case may be, shall deliver to the Escrow Holder a duly executed and acknowledged grant deed (or quitclaim deed pursuant to Paragraph 9.4 or grant of easement pursuant to Paragraph 9. 3) conveying the parcel to BART. (c) If a party is required to pay money in consideration for the property to be conveyed, ,. that party shall deliver that money to the Escrow Holder. (d) BART, and Agency and County shall each deposit such other instruments as are reasonably required by the Escrow Holder or otherwise required to close the escrow and consummate the contemplated conveyances, provided that the same are consistent with the intent of and are in accordance with the terms of this Agreement. (e) All expenses of the escrow including title insurance, transfer taxes, if any, escrow fees and recording fees shall be paid fifty percent (50%) by BART and fifty percent (50%) by the Agency. 9.9 Further Conditions to the Closing. The following shall be conditions precedent to the Closing and conveyances and payments to occur at the Closing: (a) Each party obligated by this Agreement to convey property or a property interest at the Closing is prepared to convey such property or property interest in the condition specified in this Agreement and has delivered to the Escrow Holder the deeds or other conveyancing documents necessary to accomplish such conveyances. (b) The County has adopted an ordinance pursuant to California Government Section 66428 permitting waiver of parcel map requirements for conveyances to and from government agencies, public entities, and public utilities, and such waiver has been -17- granted for the conveyances to BART and the Agency contemplated by this Agreement. (c) The County has adopted by resolution or ordinance a policy allowing, upon agreement of the Agency and the County, prepayment of or credits against the development fees payable in connection with development of the area governed by the Specific Plan, for developer conveyances to the Agency of property necessary for construction of public improvements in the Project Area or the Specific Plan Area or assemblage of development sites in the Project Area or the Specific Plan Area, for developer cash payments to the Agency and for the proceeds of Agency bonds or other debt instruments received by the Agency where such bonds or other debt instruments are secured by developer obligations. (d) The Agency has acquired the Sacramento Northern Claims. (e) If required to do so by Law, BART has complied with any legal procedures applicable to the sale of BART's property which are a prerequisite to conveyance of the BART Dedication Property, BART Road Property and BART Assemblage Property to the Agency, and County. or Agency, as the case may be, has complied with any legal procedures applicable to conveyance of the County Conveyance Property to BART. 9. 10 Possession. Possession of all of the property conveyed shall be delivered at the Closing. 9 .11 Effect of Failure of Escrow to Close. It is the understanding of the parties that the conveyance of the BART Dedication Property and the BART Road Property to the Agency is part of the consideration for the performance of the obligations of the County and the Agency pursuant to Paragraphs 15 through 22 of this Agreement. Therefore, the parties agree that the County and/or Agency's and BART' s performance or compliance with the obligations set forth in said Paragraphs shall be conditioned upon BART' s conveyance of the BART Dedication Property and the BART Road Property to the Agency. 10 . Consent to New Leases and Other Contracts Affecting the Property. After the Effective Date, BART shall not enter into any lease, or amendment of lease or tenancy agreement, or contract or agreement pertaining to the BART Dedication Property, BART Road Property or BART Assemblage Property which -18- could not be terminated as to such property upon not more than thirty (30) days ' notice, or permit any tenant of the BART Dedication Property, BART Road Property or BART Assemblage Property to enter into any sublease, assignment of lease, contract or agreement pertaining to the BART Dedication Property, BART Road Property or BART Assemblage Property, or modify any lease or tenancy agreement, contract or agreement pertaining to the BART Dedication Property, BART Road Property or BART Assemblage Property or waive any rights of BART thereunder, without in each case obtaining Agency's prior written consent thereto, which consent Agency agrees shall not be unreasonably withheld, provided, however, such obligations with respect to the BART Assemblage Property shall terminate as of the Closing. Nothwithstanding the foregoing, BART may sell or contract to sell a parcel included within the BART Assemblage Property without the consent of the Agency provided such sale complies with the provisions of Paragraph 12. County and Agency shall have the same obligations with respect to the County Conveyance Property as BART has pursuant to this Paragraph 10 with respect to the BART Dedication Property and the BART Road Property, and shall similarly be required to obtain BART ' s consent. 11 . Bond Financing. (a) The parties agree to use their best efforts to arrange a financing (the "Financing") to raise funds through sale of Agency bonds or similar financing mechanism in order to provide the Agency with funds to carry out Public Improvements in the Project Area. It is the general intent of the parties that the funds raised through the contemplated financing will, subject to the specific provisions of this Agreement, constitute prepayment of the development fees that would be paid in connection with development of the BART Development Property. The parties agree that the general parameters of the Financing shall be as follows: the interest rate on the bonds or other debt instrument shall not exceed ten percent (10%) per annum; the obligation to pay the bonds or other debt instrument shall be secured by such security or income stream BART may provide and is acceptable to BART; the Agency shall have no obligation to pay the bonds or other debt instrument except from the security or income stream BART provides as security for payment of the bonds or other debt instrument; the proceeds of the sale of the bonds or other debt instrument shall be approximately $2,400,000 plus an amount equal to the estimated cost of construction of Wayne Drive Extension as shown on Exhibit F, the sanitary sewer line relocation described in -19- Exhibit F and any other utilities which BART may desire to finance; the costs of issuance of the bonds or other debt instruments shall be paid from the proceeds of the bonds or other debt instrument; and the proceeds of the Financing shall be used to pay for the BART Road Property, construction of the Construction Work, and acquisition of land for and construction of other public improvements in the Project Area. (b) If the Financing is not arranged by the Financing Date, the parties will cease their efforts to arrange the Financing and the provision of this Agreement as to rights and obligations of the parties which become effective if the Financing is not arranged by the Financing Date shall become effective. As used in this Agreement the term "arranged" when used in connection with the Financing referred to in this Paragraph 11 shall mean that the bonds or other debt instrument have been sold or executed and that the proceeds of such bonds or other debt instrument are available for expenditure by the Agency. (c) The Financing Date shall be one hundred twenty (120) days following the Effective Date of this Agreement. Any party may request extension of the Financing Date and the other parties shall not unreasonably withhold consent to such extension if it is reasonably probable that, by the Financing Date as proposed to be extended, the Financing referred to in this Paragraph 11 will have been arranged. 12. Treatment of BART Assemblage Property After the Effective Date. (a) BART agrees that during the period beginning on the Effective Date and ending upon the Closing, BART will not sell or contract to sell any parcel comprising the BART Assemblage Property except to any person or entity who owns, controls or has a right to purchase adjoining property with which the BART parcel being sold is designated, under the Specific Plan, to be assembled for development purposes within a common development area. (b) BART agrees that for a period beginning on the Effective Date and ending sixty (60) days thereafter, BART shall not sell or contract to sell a parcel comprising the BART Assemblage Property at a price more than the agreed upon -20- price of that parcel as set forth in Paragraph 5 . 2. (c) If the Financing is not arranged on or before the Financing Date and there is a parcel or parcels comprising the BART Assemblage property which BART is not obligated to convey to the Agency at the Closing pursuant to Paragraph 9. 7 (b) , then BART shall pay to the Agency the proceeds of sale of_ such parcel or parcels promptly upon receipt, but in no event shall the amount BART is obligated to pay the Agency pursuant to this subparagraph (c) exceed the agreed upon value of such parcel or parcels as set forth in Paragraph 5.2 . (d) If the Financing is not arranged on or before the Financing Date; and if there is a parcel or parcels comprising the BART Assemblage Property which BART owns as of the Closing but is not obligated to convey to the Agency pursuant to Paragraph 9. 7 (b) because BART has contracted to sell such parcel or parcels to other persons or entities; and if the contract to sell such parcel or parcels expires or is subsequently terminated such that BART no longer is obligated to sell such parcel or parcels to other persons or entities, then, if there is no dispute between BART and the person or entity with whom BART contracted as to the validity of the cancellation or termination, BART shall convey such parcel or parcels to the Agency. The escrow for the conveyance shall close within thirty (30) days following the date on which BART ceases to be obligated to sell such parcel or parcels to other persons or entities and the escrow and closing shall be governed by the relevant provisions of Paragraph 9 . 13. Sacramento Northern Claims. (a) Prior to the Effective Date, the Agency entered into an agreement to purchase from third persons certain alleged reversionary rights ("Sacramento Northern Claims" ) in and to Parcels B-3 , B-10 , and B-17 and in and to Parcel B-32 located within the BART Development Property and more particularly described in Exhibit A-8 . Pursuant to Paragraphs 7 and 9 of this Agreement, the Agency will convey to BART at the Closing the Sacramento Northern Claims in Parcel B-32. Agency agrees to use its best efforts to complete the purchase of the Sacramento Northern Claims on or before the Closing. Notwithstanding the -21- foregoing, if the Agency has acquired the Sacramento Northern Claims in Parcel B-32 before the date of the Closing, then the Agency shall notify BART immediately of such acquisition and the parties shall use their best efforts to complete as soon as practicable the sale by the Agency of the Sacramento Northern Claims in Parcel B-32 to BART by arranging for the satisfaction of the conditions precedent set forth in Paragraph 9 .4 of this Agreement. When such conditions precedent have been satisfied, the Agency shall convey to BART the Sacramento Northern Claims in Parcel B-32 by duly executed and acknowledged quitclaim deed, and BART shall pay the Agency $74 ,523 , which represents the agreed upon value of the Sacramento Northern Claims in Parcel B-32 as set forth in Paragraph 7.2, on the date mutually acceptable to BART and the Agency. (b) Agency agrees that if BART sells Parcel B-17 in conformance with the provisions of this Agreement, then, concurrent with the conveyance of Parcel B-17 to the purchaser(s) , the Agency will convey to the purchaser (s) of Parcel B-17 the Sacramento Northern Claims with respect to Parcel B-17 upon payment by such purchasers to the Agency of the purchase price for the Sacramento Northern Claims in Parcel B-17. For the period beginning on the Effective Date and ending five (5) years after the Closing, Agency agrees that it will not sell the Sacramento Northern Claims in Parcel B-17 except pursuant to the provisions of this Paragraph 13. Agency agrees that for the period beginning on the Effective Date and ending December 31, 1985, the purchase price for the Sacramento Northern Claims in Parcel B-17 will not exceed $287, 918 . 14 . Treatment of Parcel B-17 After the Effective Date. (a) BART agrees that during the period beginning on the Effective Date and ending one (1) year thereafter, BART will not sell or contract to sell Parcel B-17 except to a person or entity who owns, controls or has a right to purchase property adjoining Parcel B-17 with which Parcel B-17 is designated, under the Specific Plan, to be assembled for development purposes within a common development area. (b) BART agrees that for the period beginning on the Effective Date and ending on December 31, 1985, -22- ,r BART will not convey Parcel B-17 for consideration in an amount greater than $1,085,636 . (c) BART agrees that if, during the period beginning at the Closing and ending five (5) years thereafter, BART sells or contracts to sell Parcel B-17, then promptly following the sale, BART shall pay to the Agency an amount calculated as follows: (i) If the Financing was arranged, the proceeds of sale of Parcel B-17 in excess of $475, 461 , but in no event shall the amount paid to the Agency pursuant to this subparagraph (c) (i) exceed $610,175. (ii) If the Financing was not arranged, the proceeds of sale of Parcel B-17, but in no event shall the amount paid to the Agency pursuant to this subparagraph (c) (ii) exceed $1,085 ,636. 15. Development of the BART Development Property. 15.1 Development Agreement. This Agreement shall constitute a development agreement between County and BART pursuant to the California Development Agreement Law, with respect to any and all development of the BART Development Property primarily for purposes other than Transit Functions, by BART by private developers leasing or purchasing all or any portion of the BART Development Property from BART. BART shall have the right to develop the BART Development Property, and County shall have the right to control development of the BART Development Property (to the extent it is used for purposes other than Transit Functions) , each in accordance with the provisions of this Agreement. The parties acknowledge that BART cannot at this time predict when or the order in which the BART Development Property will be developed, but BART agrees to make good faith efforts to obtain development of the BART Development Property. Subject to its obligation to make good faith efforts to obtain development of the BART Development Property and its obligation under Paragraph 16 .3 to impose a schedule upon developers to whom BART sells or leases the BART Development Property, BART shall have the right to develop the BART Development Property in phases in such order and at such times as BART deems appropriate within the exercise of its subjective business analysis of those factors determining, in BART' s judgment, the appropriate course of development of the BART Development Property, so long as such development is planned as an integrated mixed-use development as contemplated by the Specific Plan, as in effect -23- on the date of this Agreement, and the provisions of this Agreement. 15 .2 Zoning Conformance to Specific Plan. The County and BART acknowledge that pursuant to the County Board of Supervisors ' Order dated April 10, 1984 and Contra Costa County Planning Commission Resolution 15-1984 , the current zoning of the BART Development Property is a holding zone which does not yet reflect the allowable land uses, densities or heights set forth in the Specific Plan in effect as of the date of this Agreement. Concurrent with the earlier of the County ' s approval of a preliminary development plan or of a final development plan for all or a portion of the BART Development Property pursuant to Chapter 84-66 of the County of Contra Costa Codes, or successor provisions, the County agrees that it shall rezone the BART Development Property, or that portion of the BART Development Property for which a preliminary development plan or final development plan has been submitted, to P-1 planned unit district zoning (as such zoning is described in Chapter 84-66 of the County of Contra Costa Codes) , or to zoning which has substantially the same requirements as the P-1 zoning in effect in Contra Costa County as of the date of this Agreement, in order that the zoning affecting the BART Development Property be brought into conformance with the Specific Plan. 15 .3 Approved Land Use Standards. The standards with respect to the uses and height of development of the BART Development Property shall be those standards set forth in the Specific Plan and the Redevelopment Plan, each in effect as of the date of this Agreement (except that any references in the Redevelopment Plan to "existing zoning" or "zoning" of the Project Area, shall be deemed to mean and ,refer to the land use standards set forth in the Specific Plan) , and the standard for density of development of the BART ,Development Property shall be as follows : (i) the maximum density of nonresidential development shall be 1,265,000 gross square feet of building; (ii) the minimum density of nonresidential development shall be 600 ,000 gross square feet of building; and (iii) in addition to any such nonresidential development, the standard for residential development of development area 11 of the Specific Plan area shall be as set forth in the Specific Plan, which residential development shall be in addition to the nonresidential development permitted in development area 11 (all the foregoing standards for development are the "Approved Land Use Standards") . Notwithstanding the above minimum density standard, the County shall not disapprove an application for development of the BART Development Property which provides for less than 600 ,000 gross square feet of building if the project proposed in the application will not make subsequent development of the balance of the BART Development Property to a density of at least 600,000 gross square feet of building -24- physically infeasible. For the purpose of this Agreement, the term "gross square feet of building" shall be the gross square feet of floor area in a building measured from outside wall to outside wall of the building, including any balcony which is necessary . to the function of the building, but excluding areas devoted to the parking or unloading of vehicles. 15 .4 Development in Excess of Approved Land Use Standards. The County and BART acknowledge that the maximum density set forth in Paragraph 15 .3 is less than that permitted for the BART Development Property under the Specific Plan. Therefore, County and BART agree that this Agreement and the Approved Land Use Standards shall not preclude application to the County for development of the BART Development Property to a density in excess of the maximum density set forth in Paragraph 15.3. The County and BART further agree that if such application is made, the County shall have no obligation under this Agreement with respect to the approval or disapproval of any such application, the standards determining approval or disapproval of such application, or the conditions or requirements imposed as a condition of approval 'of such application. 15.5 Permits to Implement Development. Each phase of development of the BART Development Property for other than Transit Functions shall be carried out pursuant to an appropriate use permit, or other permit or approval required for development, construction or use of the BART Development Property, applied for under the County ordinances applicable at the time the application for permit or approval is made. Provided that the application for such use or other permit or approval is in compliance with the Approved Land Use Standards of this Agreement and otherwise complies with the then applicable County ordinances and application standards regarding the contents of applications, County shall accept such application and process it in accordance with the procedures specified therefor in its ordinances. The County shall not deny any permit or approval for reasons related to the proposed use, density or height of the project described in any such application if the use, density and height of the project conforms with the Approved Land Use Standards, and the County shall not condition any such. permit or approval so as to require a change or alteration with respect to the standards for uses, density and height of development from the Approved Land Use Standards. 15. 6 Future Design Review. In order to implement the Approved Land Use Standards, BART shall follow the applicable design review procedures in effect under the County ordinances applicable at the time the application for permit or approval is made, and the County ' s review of BART' s applications shall be made based on the applicable policies embodied in the County General -25- Plan, and Specific Plan and other policies relating to design review. 15.7 CEQA Review. In its review and approval of the EIR, the County undertook the required analysis of the environmental effects which would be caused by development of the Station Area (including the BART Development Property) pursuant to and in accordance with the designated land uses of the Specific Plan. The parties agree that the County has examined the potential adverse impacts associated with drainage, sewer capacity, pedestrian circulation, landscaping and open space needs and vehicular traffic conditions within the Station Area, and vehicular traffic conditions within the County, and the effects of development of the BART Development Property in accordance with the Approved Land Use Standards and the Specific Plan. The parties further agree that in the EIR and Specific Plan the County determined those mitigation measures which would eliminate, or reduce to an acceptable level, the adverse environmental impacts of development of the Station Area pursuant to and in accordance with the Specific Plan, including the impacts of development of the BART Development Property pursuant to and in accordance with the Approved Land Use Standards. Certain of those mitigation measures have and will be imposed in connection with the development of the BART Development Property through the terms hereof relating to in .lieu dedication for roadway purposes, sewer relocation, payment of development fees, conveyance of the New Dedicated Easements, and Construction Work, and as conditions to the issuance of permits and other approvals contemplated under this Agreement. Because of these mitigation measures and the fact that the EIR anticipated and analyzed the adverse environmental impact of development of the BART Development Property in accordance with the Approved Land Use Standards, the County has found that the EIR has considered the impact of development of the BART Development Property in accordance with the Approved Land Use Standards, and that no subsequent or supplemental environmental impact reports are necessary or required under CEQA in order for the County to enter into or undertake the terms and conditions of this Agreement, provided that the mitigation measures provided for in the EIR are implemented and assured of fulfillment through the review and approval of BART 's applications for permits and other approval of its planned development. As a result, the County shall not require a subsequent or supplemental environmental impact report to be prepared in connection with any portion of the development of the BART Development Property for other than Transit Functions in accordance with the Approved Land Use Standards , unless at the time an application for a permit or other approval is submitted such a report is legally required by CEQA in connection with potential impacts not already considered in the EIR. The County shall not be deemed to have breached or violated this Paragraph 15 .7 if it is required by -26- court order to perform additional environmental analysis or prepare additional reports under CEQA. 15 .8 Application of New Rules, Regulations or Policies. The provisions of this Agreement shall not prevent the County from applying new rules , regulations or policies to the development of the BART Development Property or from denying or conditioning permits or approvals on the basis of such new rules, regulations or policies, provided that such new rules, regulations or policies do not conflict with the Approved Land Use Standards. For purposes of this Paragraph 15 .8 , a rule, "regulation or policy which conflicts with the Approved Land Use Standards shall include, but not be limited to: a moratorium on development; a quota or other growth restriction which limits the amount of development within any designated period of time in the Station Area, the Project Area or the County; and an application or interpretation of setback requirements which when combined with height restrictions have the effect of reducing the density of development on the BART Development Property to a level below the maximum for nonresidential development set forth in subparagraph 15.3; provided, however, that such . setback requirements are not imposed for reasons related to fire safety. 15.9 In Lieu Dedication. County acknowledges that BART is conveying the BART Dedication Property to the Agency without charge, that those parcels are necessary for the construction of public roads around the BART Development Property as part of the mitigation measures recommended by the EIR, and that those parcels would otherwise be required to be dedicated to the County as a condition of County approval of any future development of the BART Development Property for other than Transit Purposes. BART and County further acknowledge that the conveyance of BART Dedication Property to the Agency shall satisfy the County 's dedication requirements with respect to development of the BART Development Property up to the maximum density standards set forth in Paragraph 15. 3, and shall preclude the County from requiring other dedications of property as a condition of approval of development of the BART Development Property except as such dedications may be made necessary by the specific design features of development proposed on the BART Development Property. 15.10 Transfer of Development Potential. BART shall be permitted to transfer development potential associated with the BART Development Property to the extent any such transfer of development potential is permitted pursuant to the Specific Plan in effect on the date of this Agreement, and if BART so elects, also transfer the Credits toward development fees associated therewith. Transfer of the first 123,000 square feet of development potential associated -27- with the BART Development Property shall not reduce the maximum density of nonresidential development on the BART Development Property as set forth in Paragraph 15.3. Any transfer in excess of 123,000 square feet of development potential shall for all purposes under this Agreement, reduce the maximum density of nonresidential development on the BART Development Property on the basis of a one square foot reduction in maximum density for each square foot of development potential transferred. If BART transfers less than 123,000 square feet of development potential then BART may increase the density of nonresidential development of the BART Development Property to 1 ,265,000 gross square feet of building plus the difference between the amount of development potential - transferred and 123 ,000 square feet, and the Approved Land Use Standards shall be increased accordingly. 16 . Periodic Review of Compliance. 16.1 Annual Review. County and BART shall annually review this Agreement and all actions taken pursuant to the terms of this Agreement with respect to the development of the BART Development Property. Such annual review shall be undertaken in accordance with the provisions of this Paragraph 16. 16 .2 BART' s Submission. Not less than thirty (30) , nor more than sixty (60) , days prior to the first anniversary date of the Effective Date, and each anniversary date thereafter, BART shall submit to the Zoning Administrator of the County a letter setting forth BART' s good faith compliance with the terms and conditions of this Agreement. Such letter shall be accompanied by such documents and other information as may be reasonably necessary and available to BART to enable the Zoning Administrator to undertake his or her annual review of BART' s good faith compliance with the terms of this Agreement, and shall also state that such letter is submitted to County pursuant to the requirements of Section 65865.1 of the California Development Agreement Law. 16 .3 Schedule for Development. If BART enters into any agreement for the development of any portion of the BART Development Property (a "BART/developer agreement") , BART shall obligate the developer to develop the portion of the BART Development Property to which the BART/developer agreement pertains on a reasonable schedule. A schedule shall be deemed reasonable if it is approved in writing by the Zoning Administrator of the County or if it obligates the developer to commence construction of improvements within three (3) years following the date of the BART/developer agreement, to complete construction of any improvements within two (2) years following commencement of construction of such improvements or such longer period of time as may be reasonably necessary given the magnitude and -28- l: nature of ,the improvements, and, if such development is to be carried out in phases, to commence construction of any subsequent phase within three (3) years following completion of the previous phase of development. Once BART has entered into such a BART/developer agreement which obligates the developer to develop on a reasonable schedule, then such schedule shall thereafter be the standard by which compliance with this Paragraph 16 shall be measured with respect to commencement and completion of construction on that portion of the BART bevelopment Property to which the BART/developer agreement pertains. 16. 4 Finding of Compliance. The Zoning Administrator shall review BART's submission to ascertain whether BART has complied in good faith with the terms of Paragraphs 15, 16 and 18 of --this Agreement. Upon request of the Zoning Administrator, BART shall furnish such additional documents or information as may be reasonably required and available to BART to enable the Zoning Administrator to make and complete his or her review hereunder. The Zoning Administrator ' s determination hereunder shall be made within thirty (30) days after the submission by BART of the required material hereunder. BART shall be permitted an opportunity to be heard orally or in writing before the Zoning Administrator regarding such performance and before the Zoning Administrator makes a determination or referral. If the Zoning Administrator finds good faith 'compliance by BART with the terms of Paragraphs 15, 16 and 18 of this Agreement, he or she shall issue a certificate of compliance, certifying BART's good faith compliance with the terms of Paragraphs 15 , 16 and 18 of this Agreement through the period of the applicable annual review. Such certificate of compliance shall, if BART so requests, be in recordable form and shall contain such information as may be necessary in order to impart constructive record notice of the finding of good faith compliance hereunder. BART shall have the right to record the certificate of compliance in the Official Records of the County of Contra Costa. At least ten (10) days prior to making, his or her determination hereunder, the Zoning Administrator shall provide to BART copies of all staff reports and other information not subject to legal privileges concerning BART's compliance and the determination proposed by the Zoning Administrator. 16.5 Finding of Noncompliance. If the Zoning Administrator, on the basis of substantial evidence, finds that BART has not complied in good faith with the terms of this Agreement, he or she shall specify in writing to BART the respects in which BART has failed to comply. The Zoning Administrator shall also specify in writing a reasonable time for BART to meet the terms of compliance, which time shall be not less than thirty (30) days , and any proposed modification or termination of this Agreement because of BART's noncompliance. -29- 16 .6 Review by County Board of Supervisors. Before this Agreement is modified or terminated on grounds of BART's noncompliance, the County Board of Supervisors shall hold a public hearing no earlier than thirty (30) days following the date of mailing of the written notice specified in Paragraph 16 .5 above. At such hearing, BART shall be entitled to submit evidence and address all the issues raised in the notice of noncompliance or otherwise.. BART' s evidence may be in writing or may be taken orally at the hearing before the County Board of Supervisors, or both. If, after receipt of any written response of BART, and after considering the evidence at such public hearing, the Board of Supervisors finds and determines on the basis of substantial evidence that BART has not complied in good faith with the terms and conditions of Paragraphs 15, 16 or 18 of this Agreement, then the Board of Supervisors shall specify to BART the respects in which BART has failed to comply, and shall also specify a reasonable time for BART to meet the terms of compliance, which time shall not be less than thirty (30) days. If, the areas of noncompliance specified by the Board of Supervisors are not perfected within such time limits prescribed, then the Board of Supervisors may take action to terminate or modify the provision of Paragraphs 15, 16 and 18 of this Agreement after permitting BART a reasonable opportunity to present evidence orally or in writing as to whether or not the areas of noncompliance have been perfected. 16 .7 Miscellaneous Requirements in Connection with Annual Review. The issuance of a certificate of compliance by the Zoning Administrator, or the direction of or the confirmation by the Board of Supervisors of the issuance of a certificate of compliance shall conclude the review for the applicable period, and such determination shall be final and conclusive up to and including the date of the annual review. The County may impose a fee or charge to reimburse it for the cost of undertaking the annual review provided such fee or charge is applied on a uniform basis to all such reviews. 17. Agency Approvals. ,17. 1 Redevelopment Agency Owner Participation Agreement. Agency and BART agree that this Agreement shall constitute an owner participation agreement between the Agency and BART and that the development of the BART Development Property for purposes other than Transit Functions in conformance with the provisions of this Agreement shall constitute conformance with the Redevelopment Plan. By execution of this Agreement the Agency waives any right it may have to acquire the BART Development Property or portion thereof by exercise of the Agency's power of eminent domain. -30- 17.2 Future Agency Review. Agency agrees that County permits and approvals of development of the BART Development Property shall constitute Agency approval of such development under the Redevelopment Plan and that no additional Agency approvals shall be necessary so long as such development conforms to the provisions of the Redevelopment Plan as of the date of this Agreement except that, as provided in Paragraph 15 .3, any references in the Redevelopment Plan to "existing zoning" or "zoning" of the Project Area shall be deemed to mean and refer to the land use standards set forth in the Specific Plan in effect as of the Effective Date. BART may request in writing that the Agency certify in writing that a proposed development on the BART Development Property conforms to the Redevelopment Plan. The Agency shall respond to such a request within thirty (30) days of receipt of such a request, and if a response is not timely received, such conformity shall be deemed to exist. 18 . Development Fees and Development Fee Credits. 18 .1 Development Fees. The parties acknowledge and agree that to mitigate certain environmental impacts identified in the EIR and to achieve the goals and implement the policies of the Specific Plan, a Contra Costa Assessment District 1983-1 was formed to enable the County to raise funds to defray the cost of needed infrastructure related to the Public Improvements, that participants in this Assessment District are deemed to have prepaid development fees with respect to the Public Improvements, and that entities or persons not participating in the Assessment District would be required to pay development fees to cover their pro rata or benefit share of the Public Improvements when they proceed with actual development of their property within the Station Area. The parties further acknowledge and agree that BART did not participate in the Assessment District, and that the development fee payable with respect to non-residential development of the BART Development Property shall be $3 .24 for each gross square foot of building and the development fee payable with respect to residential development of the BART Development Property shall be $2, 080 for each residential unit. Such fee shall be subject to increases every twelve (12) month period beginning January 1 , 1986 based on increases in the California Department of Transportation Summary-Highway Construction Index; provided, however, that before BART shall be obligated to pay any such increased fee, BART shall be entitled to apply its Credits to offset development fees at the rates set forth in the preceding sentence until such time as the amount of the Credits is reduced to zero. Development fees shall be based upon the actual amount of development undertaken rather than the maximum amount that could be undertaken. Other than the annual increases specified above, -31- the County shall not increase such fee with respect to development of the BART Development Property, but may impose new fees for other improvements or services generated by the development of the BART Development Property not covered by the development fee if such new fees apply to comparable development. For the purposes of this Paragraph 18 .1 , the purpose of the development fee is to defray the costs of the Public Improvements, the costs of preparing the Specific Plan, and the engineering and administrative costs associated with preparation of the Specific Plan and with construction of the Public Improvements in the Station Area. 18 .2 Calculation of Development Fee Credits . The parties agree that the Credit will be calculated in a different manner depending on whether the Financing occurs. Therefore, this Agreement in Paragraphs 18.3 and 18. 4 sets forth alternative provisions for calculation of the Credit depending upon whether or not the Financing is arranged. 18 .3 Credit If Financing Arranged. If the Financing is arranged on or before the Financing Date, the Credit shall be the sum of the following amounts: (a) The product derived by multiplying the Adjustment Factor and the amount calculated by subtracting from the amount of the proceeds of the Financing the amount of such proceeds which the Agency and BART have agreed are reasonably allocable to the cost of construction of the Wayne Drive Extension (as shown on Exhibit F) , the sanitary sewer relocation described in Exhibit F, and other utilities work if such projects are included in the scope of work to be undertaken with the proceeds of the Financing; and (b) The product derived by multiplying the Adjustment Factor by any amount BART pays the Agency at the Closing pursuant to Paragraph 9.6 (f) on account of BART' s sale of Parcel B-17; and (c) The product derived by multiplying the Adjustment Factor by any amount BART pays the Agency after the Closing pursuant to Paragraph 14 (c) (i) on account of BART's sale of Parcel B-17. 18 . 4 Credit If Financing Not Arranged. If the Financing is not arranged on or before the Financing Date, the Credit shall be the sum of the following: (a) The product derived by multiplying the Adjustment Factor by the amount of $497 ,834 (which amount represents the agreed upon value of the BART Road -32- Property ($756 ,402) less the sum of the agreed upon value of the County Conveyance Property ($255 ,268) and fifty percent (50%) of the cost of certain appraisals paid for by the County and the Agency prior to the Effective Date) ; and (b) The product derived by multiplying the Adjustment Factor by the sum of the agreed upon values (as set forth in Paragraph 5 . 2) of those parcels comprising the BART Assemblage Property which are conveyed to the Agency at the Closing; and (c) The product derived by multiplying the Adjustment Factor by any amount BART pays to the Agency at the Closing pursuant to Paragraph 9 .7 (f) on account of BART's sale of a parcel comprising the BART Assemblage Property; and (d) The product derived by multiplying the Adjustment Factor by any amount BART pays to the Agency at the Closing pursuant to Paragraph 9.7 (g) on account of BART' s sale of Parcel B-17; and (e) The product derived by multiplying the Adjustment Factor by any amount BART pays to the Agency pursuant to Paragraph 12 (c) on account of BART's sale of a parcel comprising the BART Assemblage Property after the Closing; and (f) The product derived by multiplying the Adjustment Factor by the sum of the agreed upon values (as set forth in Paragraph 5 .2) of those parcels comprising the BART Assemblage Property which are conveyed to the Agency after the Closing pursuant to Paragraph 12 (d) ; and (g) The product derived by multiplying the Adjustment Factor by any amount BART pays to the Agency pursuant to Paragraph 14 (c) (ii) on account of BART's sale of Parcel B-17 after the Closing. 18 .5 Application of Credits. The Credit shall be applied to offset development fees otherwise due and payable in connection with the development of the BART Development Property, and shall be reduced as follows : (a) If development fees become due in connection with non-residential development of the BART Development Property, then on such due date the Credit shall be reduced by an amount calculated by multiplying $3 .24 times the gross square feet of building approved in the development. -33- (b) If development fees become due in connection with residential development of the BART Development Property, then on such due date the Credit shall be reduced by an amount calculated by multiplying $2080 by the number of units approved in the development. 18 .6 Documentation of Credit. If there is a reduction or increase in the Credit pursuant to any provision of this Agreement, then promptly following the event giving rise to such reduction or increase, the parties shall execute a document setting forth the amount of the reduction or increase in the Credit, the event giving rise to the increase or decrease, and the amount of the Credit remaining after the reduction or increase. The parties shall document such changes to the Credit using the form attached hereto as Exhibit H. 18 . 7 Payment of BART' s Development Fees by Agency. Until the Credit has been reduced to zero pursuant to the provisions of this Paragraph 18 or Paragraph 28 .4 , the Agency shall pay to the County, or make arrangements to pay the County in the future, the development fees attributable to the development of the BART Development Property as such fees become due. If the payment of a portion of such development fees occurs at a time when the Credit is reduced to zero, the Agency's obligation under this Paragraph 18 .7 shall extend only to payment of the development fees for that portion of the development which causes the Credit to be reduced to zero. County agrees that if the Agency fails to pay the development fees it is obligated to pay for the account of BART pursuant to this Paragraph 18 . 7, the County shall not require BART or its assignee or transferee to pay such development fees or deny the issuance of any permit on the grounds that the Agency has failed to pay such fees , it being the understanding of the County and BART that the Credit and the conveyances, payment and proceeds of the Financing giving rise to the Credit represent a present prepayment of such development fees . 19. Development Fee Credit Attributable to the Thomas Property. (a) The parties understand and acknowledge that BART acquired a portion of the BART Development Property referred to herein as the Thomas Property subject to the assessments of Assessment District 1983-1. BART shall receive credit against payment of development fees incurred in connection with development of any portion of the BART Development Property for residential or nonresidential use, in the total amount of the Thomas Property's assessment, which is $313, 200; -34- provided, however, that the credit attributed to the Thomas Property shall not be utilized by BART pursuant to subparagraph 19 (b) against payment of development fees incurred in connection with development of the BART Development Property until such time as the Credit calculated pursuant to Paragraph 18. 3 or 18 .4 has been reduced to zero. (b) The $313, 200 credit attributed to the Thomas Property shall be applied to offset development fees otherwise due and payable in connection with the development of the BART Development Property, and shall be reduced as follows: (i) If the development fees become due in connection with nonresidential development of the BART Development Property, then on such due date the amount of credit shall be reduced by an amount calculated by multiplying $3. 10 times the gross square feet of building approved in the development. (ii) If the development fees become due in connection with residential development of the BART Development Property, then on such due date the amount of credit shall be reduced by an amount calculated by multiplying $1990 by the number of units approved in the development. (iii) If the credit or portion thereof is transferred as provided in subparagraph (c) below, the amount of the credit shall be reduced by the amount so transferred. The parties shall document the reduction in the amount of the credit provided for in this subparagraph (b) and subparagraph (c) below in substantially the same manner as reductions in the credit are documented pursuant to Paragraph 18.6. (c) The County understands and acknowledges that BART acquired the Thomas Property subject to the right of BART's predecessor to require from BART a transfer of development potential associated with the Thomas Property (which transfer is permitted under the Specific Plan subject to certain conditions and approvals) , together with a pro rata share of the credit set forth in subparagraph (a) associated with the payment of assessments on the Thomas Property. County agrees that BART shall have the right to transfer -35- development potential associated with the Thomas Property, together with a pro rata share of the credit associated therewith, in the ratio which the amount of development potential transferred bears to the amount of development potential remaining on the Thomas Property after said transfer, to any area within the Specific Plan Area, if BART provides written assurances in recordable form acceptable to the County, from BART and the person or entity owning the property within the Specific Plan Area for whose benefit the development potential and associated credit are being transferred, as to the allocation of such credit between the BART Development Property and the property owned by such other person or entity. The credit allowed to BART under this Paragraph 19 shall be reduced by the amount of credit so transferred. BART expressly understands and agrees that regardless of any arrangement it might make with such transferee, the provisions of this Paragraph 19 are not intended to and shall not be deemed to alter any rights or obligations with regard to Assessment District 1983-1 or the payment of assessments levied by that Assessment District which are a lien against the Thomas Property. 20. Construction Work. The Agency and BART agree to undertake the Construction Work for the existing BART Station parking lot, access roads to that parking lot, and sanitary sewer relocation as a cooperative effort. The Agency and BART contemplate that all or a portion of the Construction Work will be completed as part of a larger construction project involving two or more construction contracts that will also include construction of Oak Road and the widening of that portion of Treat Boulevard which is adjacent to the BART Development Property. 20.1 Cost Allocation. Only that portion of the cost of the Construction Work attributable to Wayne Drive Extension and the sanitary sewer relocation as shown on Exhibit F will be allocated to BART; the remaining costs of construction shall be paid by the Agency. The costs of construction shall include the costs of preliminary engineering and costs of construction engineering. Agency will provide quality control and field staking through the use of its own materials and forces or consultants and the costs of such services shall be considered to be construction engineering costs. 20.2 Approval of Plans and Specifications. The Agency shall submit all plans and specifications for the Construction Work to BART for -36- approval. BART staff shall review and sign all construction plan sheets for the Construction Work; BART staff shall review and approve the specifications. At the time the Agency submits the plans and specifications for the Wayne Drive Extension and the sanitary sewer relocation, the Agency shall also submit a statement of the proposed basis for allocation of costs between Wayne Drive Extension and sanitary sewer relocation and any other work the Agency expects to include in the contract which will include construction of the Wayne Drive Extension or the sanitary sewer relocation. The basis of the allocation shall be reasonably related to the expected costs of construction of the Wayne Drive Extension and the sanitary sewer relocation as distinguished from the costs of the remainder of the construction work to be performed under the contract. BART and Agency shall agree upon the basis for the cost allocation prior to the Agency's initiation of the bidding process. At the time the Agency submits the plans and specifications for the Parking Lot Work (as shown on Exhibit F) , it shall also provide BART an estimate of the cost of constructing the Parking Lot Work. 20 .3 Sequence of the Construction Work. The construction plans prepared by Agency shall include a sequence for project construction that creates a minimum of disruption for use of the BART Station parking lot during the construction period. BART shall approve the construction sequence as part of its approval of the plans and specifications . 20. 4 Payment of BART's Cost Allocation. Agency will bill BART for costs allocated to it for Wayne Drive Extension and the sanitary sewer relocation as these costs are incurred and applications for payment have been received from the contractor. Payment will be due within thirty (30) days of receipt of a bill. Prior to submission of such bills , pay estimates will be prepared by the Agency on the 15th of each month and a copy will be sent to BART with a cost breakdown for all items of work expected to be paid by BART. During construction, all paperwork will be completed on standard -Contra Costa County forms . 20 .5 Provisions Relating to Financing. Notwithstanding the provisions of Paragraph 20 .4, BART shall not be obligated to pay any bills for the Construction Work until ten (10) days after the Financing Date. In the event the Financing is arranged and the Financing, as provided in Paragraph 11, provides for funding of the costs of construction of those portions of the Construction Work for which BART is obligated to pay pursuant to Paragraph 20. 2 and 20.4 , the Agency agrees that such costs will be paid from the proceeds of the Financing rather than directly by BART. In such event, however, the Agency shall still provide BART the bills and estimates required pursuant -37- to Paragraph 20 .4 despite the fact that the bills will not be paid by BART. 20 .6 Construction by Agency. Agency shall construct or cause to be constructed the Construction Work in accordance with the plans and specifications approved by BART. Agency shall complete the preliminary engineering, advertise for bids, award a contract for construction to the lowest responsible bidder, perform all construction work and perform all construction engineering and contract administration. Upon the Agency 's award of a contract to the lowest responsible bidder, a copy of the executed construction contract will be sent to BART for information and accounting purposes. No amendments or modifications shall be made to a construction contract without the prior written approval of BART, and no dispute that may arise regarding any construction contract may be settled without the prior written approval of BART. Agency shall make best. efforts to commence construction of the Construction Work by October 1 , 1985. Once a contract has been awarded which includes all or a -portion of the Construction Work for which BART is obligated to pay pursuant to Paragraph 20.2 and 20.4 , the Agency and BART shall apply the cost allocation formulas approved by BART pursuant to Paragraph 20.2 in order to determine the portion of the contract costs which BART will be obligated to pay. 20. 7 Contract Documents. The contract documents shall consist of the approved plans and specifications, the Caltrans Standard Specifications, Contra Costa County Standard Specifications, applicable BART and County Standard Plans, and special provisions. In addition to other project requirements, the special provisions will require the successful bidder to provide insurance complying with the requirements of Exhibit K, to name BART as an additional insured on any required insurance certificates and to promise to hold harmless and indemnify BART from liabilities in the same manner as the successful bidder is required to hold harmless and indemnify the Agency and County. 20 .8 Contract Administration. During the construction phase, the Agency shall be the sole contact for the construction contractor. BART may at all times observe and inspect the Construction Work and direct comments and recommendations concerning such work to the Agency representative. If BART desires to modify the scope of any portion of the Construction Work as reflected in any construction contract, as for example and by way of illustration, the sequencing of the Parking Lot Work or the location of any facility installation comprising the Construction Work, then the Agency shall cooperate with BART to effectuate the proper modification or Change Order with respect to the construction contract affected, provided that -38- the Agency and BART shall have concurred in any adjustment of contract time and compensation owing the contractor on account of the change requested by BART. For all construction of the Construction Work, the Agency representative, with the concurrence of BART, shall decide all questions which may arise regarding: (a) the interpretation of the plans and specifications; (b) the quality or acceptability of the materials furnished; (c) the work performed, the manner of the performance, and the rate of progress of the work; (d) the contractor' s acceptable fulfillment of the construction contract; and (e) compensation. The decisions of the Agency representative will be final and he or she shall have the authority to enforce such decisions. 20 .9 Change Orders. Subject to the following procedure, the Agency representative may make such changes in the plans and specifications as may be required during construction for the proper completion of the improvements. Any such changes will be described in a contract change order which will also specify any adjustment of contract time and the basis of compensation for the changes. Prior to the preparation of a contract change order, the Agency representative will discuss the proposed change order with BART's authorized representative and reach concurrence regarding the proposed change. A contract change order form will be sent to BART for written approval. After a change order has been approved by BART, it will be signed by the Agency, and the contractor will then be directed to perform the change order work. The Agency will send a copy of the final change order to BART. 20 .10 Exception to Change Order Procedure. BART and Agency recognize that situations may arise that require the Agency to order the contractor to perform work prior to the execution of a change order. In such cases, the Agency representative will discuss the proposed change with BART's authorized representative and reach concurrence with BART on the change prior to directing the contractor to proceed with the work. Following a direction to proceed, the Agency will then prepare a contract change order which will be sent to BART for written concurrence and which will be returned to the Agency. The -39- Agency will send a copy of the executed final change order to BART. 20. 11 Changes for Work Other Than the Construction Work. Because the contract or contracts for the Construction Work may include work in addition to the Construction Work, BART and Agency anticipate that some change orders or other contract modifications or amendments may pertain to work other than the Construction Work. Therefore, Agency and BART agree that notwithstanding the provisions of Sectons 20. 6 , 20 .9 and 20 . 10, BART's review, concurrence or approval shall not be required for any change order, contract modification or change in plans or specifications which: .(a) pertains only to work other than the Construction Work; (b) does not affect the quality of construction of the Construction Work; and . (c) does not increase the portion of the cost of the Construction Work BART is obligated to pay. `20.12 Final Inspection. Upon substantial completion of the contract work in each such construction contract a final inspection will be carried out by a BART representative, the contractor and Agency representatives. Following the inspection, the Agency and BART 'shall agree upon a "punch list" of items of work to be completed. Upon satisfactory completion of all "punch list" work, the Agency, with BART's concurrence, shall authorize final acceptance of the contract work in such construction contract as complete. Upon final acceptance, the Agency and BART will immediately assume maintenance responsibilities for the improvements on their respective properties. Upon substantial completion of the contract work performed under the construction contract which contains the last portion of the Construction Work to be performed pursuant to this Paragraph 20, the Agency and BART shall execute a written memorandum confirming that substantial completion of the Construction Work has occurred. If the Agency and BART fail to execute any such written memorandum, then the date the "punch list" is given to a contractor with respect to the construction contract containing the last portion of the Construction Work, shall . be the date upon which substantial completion of the Construction work shall be deemed to have occurred. 20. 13 Outside Sources of Funding. The parties shall make good faith efforts to obtain grants from the State of California Department of Transportation or other governmental sources to pay for the costs of constructing the Construction Work; provided, -40- however, that the parties shall not be obligated to accept any such grant if it is reasonably foreseeable that acceptance of such grant would materially delay commencement of construction of the Construction Work beyond the date specified in Paragraph 20.6 . Unless otherwise specified pursuant to the terms of any such grant, the proceeds of any grant shall be applied in the following manner: (a) First, to pay BART's share of the cost of constructing the Construction Work; (b) Second, to pay Agency 's share of the cost of constructing the Construction Work. 20. 14 Grant of Easements. Upon completion of all the Construction Work or such earlier time as the parties may agree, Agency shall grant to BART or cause the County to grant to BART a perpetual non-exclusive easement for pedestrian and vehicular ingress and egress appurtenant to the BART Development Property over the Jones Road access road to the BART Development Property, as shown on Exhibit A-9, and BART shall grant to the Agency the New Dedicated Easements as shown in Exhibit A-7. The easements shall be in a recordable form reasonably acceptable to the Agency and BART. 21. BART Loan to Agency for the Parking Lot Improvements. 21. 1 Agency Request for Loan. If the Agency so elects BART shall loan to the Agency the Agency' s share of those costs of the construction of the Construction Work allocable to Parking Lot Work which are in excess of the first $350,000 of such construction costs, but in no event shall such loan exceed $500,000. The loan shall be disbursed by BART within 30 days of receipt of a written request from the Agency for disbursement; provided, however, that (i) the Agency shall not make such request until the Agency and/or County has expended at least $350 ,000 for construction of the Parking Lot Work and have provided written evidence of such expenditure to BART in form and substance satisfactorily to BART, and (ii) the Agency shall time such requests so that BART is not obligated to make a disbursement of funds to the Agency (each a "Disbursement" and collectively the "Disbursements") , more than five (5) days prior to the date the Agency expects to expend such funds for payment of the costs of construction of the Construction Work. BART shall have no obligation to loan any amount to the Agency until such time as the Agency has provided written evidence to BART that the Repayment Agreement between the Agency and the County dated December 4 , 1984 has been amended to provide that the Agency 's pledge of tax increments to the County under that Repayment Agreement is, with respect to tax increment generated by the BART Development Property, subordinate to the -41- Agency's obligation to repay the loan BART makes pursuant to this Paragraph 21 . For the purposes of this Paragraph 21. 1 and for the purposes of Paragraphs 21 .2 and 21 .4, the term "tax increments" shall refer to the funds paid to the Agency pursuant .to California Health and Safety Code Section 33670 . .21 . 2 Loan Terms. The loan shall be evidenced by a note executed substantially in the form attached as Exhibit J by the Agency when the ,first funds are disbursed to it. The amounts loaned to the Agency shall bear simple interest from the date disbursed at the rate of 10. 5% per annum. Beginning on the date which is six (6) months from the date of the first disbursement, interest only 'shall be paid semi-annually on all amounts outstanding until such time as amortized payments of principal and interest are due and payable as hereinafter specified. Any interest not paid within thirty (30) days of the due date shall be added to the principal amount of the loan and shall bear like interest thereafter. On the date of substantial completion of the Construction Work, as such date is determined pursuant to Paragraph 20.12, principal together with interest due thereon shall be amortized over a five (5) year period, and commencing on the date which is six (6) months following the date of substantial completion of the Construction Work, the Agency shall make ten (10) semi-annual payments of such amortized principal and interest until the entire unpaid principal and interest on the loan has been paid. The Agency may prepay all or part of the loan without penalty or charge. Any payment shall be applied first to reduce accrued interest which has not yet been added to principal and then to reduce the principal amount of the loan in reverse order of maturity. Notwithstanding the payment schedule set forth above in this Paragraph 21. 2 (i) in the event the Agency sells bonds secured by a pledge of tax increments payable to the Agency, the Agency shall use at least twenty percent (20%) of the proceeds of such bonds to repay the principal then outstanding on the loan and any interest then owing on the loan; and (ii) in the event the Agency receives tax increments generated from sale, lease or development of the BART Development Property, it shall use such tax increments to repay the principal then outstanding on the loan and any interest then owing on the loan. '21 .3 Repayment of Loan From Financing Proceeds. Notwithstanding the provisions of Paragraph 21.2 , if the Financing referred to in Paragraph 11 is arranged prior to the Financing Date, then, within thirty (30) days after the date the proceeds of such Financing are available to the Agency, the Agency shall repay to BART the entire principal amount of the loan then outstanding and any accrued interest. In addition, if the Financing is arranged prior to the Financing Date, then notwithstanding the provisions of Paragraph- 21 .1, BART shall have no further obligation under this Paragraph 21 to loan any amount to the Agency. -42- 21 .4 Use of Tax Increments To Pay Loan. Notwithstanding any other provision of this Paragraph 21 , to the extent the Agency is obligated by this Paragraph' 21 to make payments on the loan from tax increments, the Agency shall be obligated to make such payments on the loan only' from the tax increments paid to the Agency and only to the extent such funds are available after payment of the following,: (i) principal, interest and any other payment required on any bonds issued by the Agency after July 31 , 1985 , which are secured by a pledge of tax increments and which do not exceed a principal amount of $2,500,000, and (ii) principal and interest required under the terms of that certain Repayment Agreement dated December 4 , 1984 between the County and the Agency, as modified per the requirements of Paragraph 21 . 1 . After the Effective Date and for as long as any principal and interest on the loan remains unpaid, the Agency shall not pledge as security for any other loans or bonds, the tax increment which is generated from lease, sale or development of the BART Development Property, unless the Agency, in conjunction with obtaining such loan or selling such bonds , makes irrevocable arrangements to provide that proceeds of such loans or bonds or a portion thereof will be used to pay all unpaid principal and interest on the loan made pursuant to this Paragraph 21 as soon as such proceeds are available to the Agency. 22. Utilities. In undertaking or causing construction or reconstruction of water, sewage, gas, electric and telephone facilities under, along or over any public street for the benefit of all real property owners within the Project Area, Agency and County shall assure that such facilities will have adequate capacity to serve development on the BART Development Property in accordance with the Approved Land Use Standards, and Agency shall, at it sole cost, provide stubs for storm and sanitary sewer drains at the locations indicated in Exhibit G. BART acknowledges and agrees that any utility facility stubs and laterals other than such stubs for storm or sanitary sewer drains will be designed, constructed and installed at BART's own expense. 23. Right of Entry and Indemnification. BART hereby grants the Agency and/or County and their respective contractors or subcontractors a license to enter upon the BART Development Property for the purpose of carrying ,out the work specified in Paragraphs 20 and 22 and to enter the BART Dedication Property and BART Road Property for the purpose of construction of public improvements in accordance with this Agreement on that Property prior to the Closing. Agency or County shall give BART five (5) days prior written notice before entering the property. Agency and County shall jointly and severally assume responsibility and liability for all damages , loss, death or injury of any kind or nature whatsoever, whether to persons or property, that is -43- caused by or results from or in connection with any act, action, neglect, omission or failure to act when under a duty to act, on the part of the Agency and/or County or any of their officers, agents, servants, employees , contractors or subcontractors in the performance of the work for which the right of entry is given. Agency and County shall jointly and severally defend, indemnify, and hold BART, its directors, officers, agents and employees, harmless from and against all claims, demands, suits, losses, damages, injury, penalties and liability, direct or indirect (including any and all costs and expenses in connection therewith) , incurred by reason of any act, or failure to act of County and/or Agency, their officers, agents, employees, contractors and/or subcontractors, or any of them, under or in connection with this right of entry and the performance of the work for which the right of entry is given; the County and Agency agree at their own cost, expense and risk to defend any and all claims, actions, suits, or other legal or administrative proceedings brought or instituted against BART, its directors, officers, agents and employees, or any of them, arising out of this right of entry and the performance of the work for which the right of entry is given, and to pay and satisfy any resulting judgments, 24. Abandonment of County Right of Way. Promptly following completion of construction of the new Oak Road adjacent to the BART Development Property, County, in accordance with applicable Laws, shall abandon and vacate its rights over the County Right of Way Vacation Area at its own cost and expense and without reservation of future rights. County shall take whatever actions are required by Law (including enactment of appropriate resolutions by the County Board of Supervisors) and execute such documents and instruments as may be necessary to effectuate such abandonment and transfer of all of County' s right, title and interest thereto to BART. In addition, to enable BART to proceed with development of the BART Development Property, Agency and County shall assist BART in seeking abandonment of Contra Costa County Flood Control District and Central Contra Costa County Sanitary District easements over the BART Development Property. 25 . Notices. Any notice required or permitted to be given under this Agreement shall be in writing and hand delivered or mailed as registered or certified mail, postage prepaid, return receipt requested, or by Express Mail and addressed as follows: If to BART: BART 800 Madison Street P.O. Box 12688 Oakland, CA 94604-2688 Attn: Director of Joint Development -44- If to County Contra Costa County Redevelopment or Agency : Agency 651 Pine Street, 11th Floor Martinez , CA 94553-1291 Attn: Executive Director or such other address as either party may from time to time specify in writing to the other. All notices shall be effective on the date of receipt. 26 . Permitted Delays. In addition to any specific provision of this Agreement, performance by any party of its obligations hereunder (other than its conveyancing obligations under Paragraphs 3 through 9) , shall be excused during any period of delay caused at any time by reason of acts of God or civil commotion, riots, strikes, picketing, or other labor disputes, shortage of materials or supplies, or damage to work in process by reason of fire, floods, earthquake, or other casualties, restrictions imposed or mandated governmental or quasi-governmental entities, enactment of conflicting Laws (including, without limitation, new or supplementary environmental regulations) , litigation, acts or neglect of the other party, or any other cause beyond the reasonable control of a party. Each party shall promptly notify the other , parties of any delay hereunder as soon as possible after the same has been ascertained. The term of this Agreement shall be extended by the period of any delay under this Paragraph 26. 27. Supersedure by Subsequent Laws. If any Law made or enacted after the Effective Date prevents or precludes compliance with one or more provisions of this Agreement, 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. Immediately after enactment of any such new Law, 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, and obligations under, this Agreement. BART, the County or the Agency shall have the right to challenge the new Law preventing compliance with the terms of this Agreement, and, in the event such challenge is successful , this Agreement shall remain unmodified and in full force and: effect, except that the term shall be extended by such challenge pursuant to Paragraph 26 . 28 . Events of Default; Remedies; Termination; Attorneys Fees. 28. 1 Events of Default. Subject to any extensions of time by mutual consent in writing, and subject to the provisions of Paragraph -45- 26 regarding permitted delays, any failure by any party (a "Defaulting Party") to perform any material term or provision of this Agreement for any reason whatsoever shall constitute an Event of Default, (i) if such Defaulting Party does not cure such failure within thirty (30) days following notice of default from the other party, where such failure is of a nature that it can be cured within such thirty (30) day period, or (ii) if such failure is not of a nature which can be cured within such thirty (30) day period, the Defaulting Party does not within such thirty (30) day period commence substantial efforts to cure such failure, or thereafter does .not within a reasonable time prosecute to completion with diligence and continuity the curing of such failure. Any notice of default given hereunder shall specify in detail the nature of the failure in performance which the noticing party claims constitutes the Event of Default and the manner in which such Event of Default may be satisfactorily cured in accordance with the terms and conditions of this Agreement. During the time periods herein specified for cure of a failure of performance, the Defaulting Party shall not be considered to be in default for purposes of termination of this Agreement, institution of legal proceedings with respect thereto, or issuance of any permit with respect to the development of the BART Development Property. This Paragraph 28 .1 shall not apply to an Event of Default which arises because of a failure to perform or default by BART with respect to provisions of Paragraph 15 , 16 or 18 of this Agreement and instead the provisions of Paragraph 16 shall apply to BART' s failure to perform or default with respect to provisions of Paragraph 15, 16 and 18 of this Agreement. 28.2 Remedies. Upon the occurrence of any Event of Default, a nondefaulting party shall have the right, in addition to other rights and remedies available at law, in equity or pursuant to this Agreement, to (i) bring any proceeding in the nature of specific performance, injunctive relief or mandamus, and/or (ii) bring any action at law or in equity as may be permitted by Law or this Agreement in order to recover all damages necessary to compensate the nondefaulting party for all the detriment proximately caused by the Defaulting Party's failure to perform its agreements, obligations or undertakings hereunder, or otherwise arising out of the Event of Default, or which in the ordinary course of things would be likely to result therefrom. In addition, upon the occurrence of an Event of Default, the nondefaulting party or parties shall have the right to terminate this Agreement, but any such termination shall not affect such party or parties ' right to seek compensatory damages on account of the Event of Default for which this Agreement has been terminated. 28 .3 Limitation on Damages. Notwithstanding the provisions of Paragraph 28 .2 , no party to this Agreement shall be entitled to monetary -46- damages by reason of another party's breach, default or failure to perform with respect to the provisions of Paragraphs 15 , 16 , 17 and 18 of this Agreement, provided, however, that this Paragraph 28 .3 shall not limit the remedy provided BART pursuant to Paragraph 28.4 , BART's right to sue for a refund or reimbursement of development fees or any remedy the County may have against the Agency or the Agency may have against the County regarding calculation or payment of the Credit under Paragraph 18 . 28 .4 Special Remedy of Reimbursement. (a) The parties acknowledge that the BART Dedicated Property was conveyed by BART in partial consideration for the performance of the convenants of the County and the Agency contained in Paragraphs 15, 16 , 17 and 18 of this Agreement, and that any reduction in density on the BART Development Property from that permitted in Paragraph 15 as part of the Approved Land Use Standards, from any cause (including without limitation breach of this Agreement by the County or the Agency, a subsequently enacted Law or the unenforceability of this Agreement) , other than BART's own action, will result in the unjust enrichment of the Agency and the County and in BART' s having conveyed land for benefits and consideration not received. Therefore, Agency and BART agree that, if within ten (10) years of the Effective Date, the allowable density of development on the BART Development Property is reduced for any reason to a level lower than 1, 265,000 square feet of nonresidential development, then BART shall be entitled to receive a refund within ten (10) days after BART submits a claim of refund to the Agency. Such refund shall be equal to the principal amount (as calculated below) plus interest on the principal amount of ten and one half percent (10.5%) per annum compounded semiannually from the date of the Closing until the refund is made; provided, however, that in no event shall the amount of the refund calculated pursuant to this subparagraph 28 .4 (a) exceed the amount of $3 ,102,912; (b) The principal amount referred to above shall be calculated by multiplying $3.20 times the number of square feet by which the permitted density of nonresidential development on the BART Development Property is reduced below 1,265 ,000 square feet. (c) When the refund is made to BART, the Credit to which BART may thereafter be entitled pursuant to -47- Paragraph 18 shall be decreased by the principal amount of the refund calculated pursuant to subparagraph 28 .4 (b) . (d) The provisions of this Paragraph 28.4 shall survive the termination of this Agreement by any party or for any cause. !(e) The Agency acknowledges that one of the sources which may be used to make a refund required to be paid to BART by the Agency, pursuant to this Paragraph 28 .4 may, subject to the Agency's pledge of tax increments to secure its bonds or other debt instruments, be tax increments or the proceeds of bonds secured by tax increments. (f) The County and BART agree that if the obligation of the Agency to pay a refund to BART pursuant to this Paragraph 28.4 arises because of a voluntary action taken by the County, then the County shall be jointly and severally liable with the Agency to pay such refund to BART. 28.5 Waiver; Remedies Cumulative. Failure by a party to insist upon the strict performance of any of the provisions of this Agreement by any other panty, irrespective of the length of time for which such failure continues, shall not constitute a waiver of such party 's rights to demand strict compliance by such other party in the future. No waiver by a party of an Event of Default shall beeffective or binding upon such party unless made in writing by such party, and no such waiver shall be implied from any omission by a party to take any action with respect to such Event of Default. No express written waiver of any Event of Default shall affect any other Event of Default, or cover any other period of time, other than any Event of Default and/or period of time specified in such express waiver. One or more written waivers of an Event of Default under any provision of this Agreement shall not be deemed to be a waiver of any subsequent Event of Default, and the performance of the same or any other term or provision contained in this Agreement. Except as provided in Paragraph 28 .3, all of the remedies permitted or available to a party under this Agreement, or at law or in equity, shall be cumulative and not alternative, and invocation of any such right or remedy shall not constitute a waiver or election of remedies with respect to any other permitted or available right or ,remedy. 28.6 Litigation Expenses. If any party brings an action or proceeding (including, without limitation, any cross-complaint, counterclaim, or third-party claim) against any other party by reason of an Event of Default, or otherwise arising out of -48- this Agreement, the prevailing party in such action or proceeding shall be entitled to its costs and expenses of suit, including but not limited to reasonable attorneys ' fees . If' any party is required to initiate or defend any action or proceeding with a third person or entity (including, without limitation, any cross-complaint, counterclaim or third party claim) because of any other party's commission of an Event of Default and such initiating or defending party is' the prevailing party in such action or proceeding, then such party shall be entitled to reasonable attorneys ' fees from the other party. Attorneys ' fees shall include attorneys ' fees on any appeal, and, in addition, a party entitled to attorneys ' fees shall be entitled to all other reasonable costs and expenses incurred in connection with such action. 28 .7 Actions by a Third Party. If any action or proceeding is instituted by any third person challenging the validity of any provision of this Agreement or any action or decision taken or made hereunder, the parties shall cooperate in defending such action or proceeding. 28 .8 Effect of Court Action. If any court action or proceeding is brought by any third person or entity to challenge this Agreement, or any permit or approval required from the County or any other governmental entity for development or construction of the BART Developmental Property, or any portion thereof, for other than Transit Functions, and without regard to whether or not BART is a party in such action or proceeding, any such court action shall constitute a permitted delay under Paragraph 26. 29. Estoppel Certificate. Any party may, at any time, and from time to time, deliver written notice to the other parties requesting such parties to certify in writing that, to the knowledge of the certifying party, (i) this Agreement is in full force and effect and a binding obligation of the parties, (ii) this Agreement has not been amended or modified either orally or in writing, and if so amended, identifying the amendments, and (iii) the requesting party is not in default in the performance of its obligations under this Agreement, or if in default, ;to describe therein the nature and amount of any such defaults. A party receiving a request hereunder shall execute and return such certificate within thirty (30) days following receipt thereof. The Community Development Director of the County shall have the right to execute any certificate requested by BART hereunder. County and Agency each acknowledges that a certificate hereunder may be relied upon by transferees and mortgagees. 30 . Transfers and Assignments. 30. 1 Rights To Assign. -49- BART shall have the right to sell, assign or transfer this Agreement, and all of its rights , duties and obligations hereunder, to any person or entity at any time during the term of this Agreement; provided, however, in no event shall the rights, duties and obligations conferred upon BART pursuant to this Agreement be at any time so transferred or assigned except in connection with the grant of an ownership or leasehold interest in the BART Development Property, or any portion thereof. '30. 2 Procedure Upon Transfer. BART shall include in any lease or sale agreement for development purposes affecting all or any portion of the BART Development Property an obligation for the transferee to comply with all County rules, regulations and policies regarding development of the BART Development Property and the provisions of this Agreement; provided, however, that BART shall be in no way responsible to the County for enforcing such obligations on the part of the transferee. The transferee shall execute and deliver to County and Agency a written agreement in which the transferee expressly agrees to comply with the obligations of BART under this Agreement with respect to the interest in the BART Development Property, or portion thereof, granted to such transferee. A provision substantially in the following form will satisfy the requirement of the foregoing: "Developer acknowledges that BART has entered into an Acquisition and Development Agreement dated 1985 with the County of Contra Costa and the Contra Costa County Redevelopment Agency, which Agreement sets forth certain rights and obligations with respect to development of the BART Development Property that is the subject of that Agreement. Developer agrees that in its development of the portion of the BART Development Property in which it has acquired an interest, it shall comply with the provisions of the Acquisition and ..Development Agreement as such terms and conditions apply to development of the BART Development .Property. " BART shall also give notice to County and Agency of any transfer containing therein the identity of the transferee, such transferee' s address, the amount of the Credit which BART intends to allocate to such transferee for its development of the portion of the BART Development Property in which it has acquired an interest, and the maximum amount of non-residential development and maximum number of residential units permitted on the portion of the Property to be transferred. In no event shall the aggregate amount of development specified with respect to all such transfers exceed the maximum density permitted under the Approved Land Use Standards unless such excess is approved by the County as -50- provided for in Paragraph 15. 4. If the actual completed construction which occurs on an assigned portion of the BART Development Property is less than was set forth in the notice of transfer given to County and Agency pursuant to this Paragraph, 30 , then the unused development potential may be allocated to another portion of the BART Development Property if the transferee of the portion of the BART Development Property with respect to which the development potential was unused agrees with the County that it will make no claim under this Agreement to use such unused development potential. This Paragraph 30 .2 shall not obligate BART for responsibility to the County for enforcing the obligations of this Agreement on the part of BART transferee. In addition, upon a transfer which complies with the provisions of this Paragraph 30 , BART shall be released from its obligations under this Agreement with respect to that portion of the BART Development Property so transferred. 31 . Amendment and Termination. Except as provided in Paragraph 16 with respect to the County' s annual review thereunder, this Agreement may be cancelled, modified or amended only by mutual consent of BART, the. County and the Agency in writing, and then only in the manner provided for by law. 32. Operating Memoranda. The parties acknowledge that the provisions of this Agreement require a close degree of cooperation between Agency, County and BART, and that refinements and future events may demonstrate that changes are appropriate with respect to the details of performance of the parties under this Agreement. The parties desire, therefore, to retain a certain degree of flexibility with respect to the details of performance with respect to those items covered in general terms under this Agreement. If and when, from time to time during the term of this Agreement, the parties find that such changes or adjustments are necessary or appropriate, they shall effectuate such changes or adjustments through operating memoranda approved by the parties which, after execution, shall be ,attached hereto as addenda and become a part hereof, and may be further changed and amended from time to time as necessary, with further approval by Agency, for itself and the County, and BART. No such operating memoranda shall require prior notice or hearing, or constitute an amendment to this Agreement; and in the case of the Agency and County such operating memoranda may be acted upon by the Agency' s Executive Director or his designee. Failure of the parties to enter into any such operating memoranda shall not affect any of the rights, duties or obligations of the parties under the provisions of this Agreement. 33 . Rights Run With the Land. -51- All of the provisions, agreements, rights, powers, standards, terms, covenants and obligations contained in this Agreement shall be binding on the parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns, devisees, administrators, representatives , lessees, and all other persons or entities acquiring the BART Development Property, or any portion thereof or any interest therein, whether by operation of Laws or in any manner whatsoever, and shall insure the benefit of the parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. 34 . Time of Essence. Time is of the essence of this Agreement. 35. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. 36 . Severability. If any article, section, subsection or paragraph, sentence, clause, phrase or portion of this Agreement is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Agreement. The County Board of Supervisors and the Boards of' the Agency and BART hereby declare that they would have adopted and agreed to this Agreement and each article, section, sub-section or paragraph, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more sections, sub-sections, sentences, clauses, phrases or portions be declared invalid or unconstitutional. 37. Headings. The underscored words appearing at the commencement of paragraphs of this Agreement are included only as a guide to the contents hereof and are not be be considered as controlling, enlarging or restricting the language or meaning of those Articles of paragraphs. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT By Its CONTRA COSTA COUNTY REDEVELOPMENT AGENCY By -52- Its CONTRA COSTA COUNTY By Its A15301 , #001 -53- ELLtt.. ! !o in r -T- ;--,-- � ;- �(."--,��-,- �-•_•� i.�v � jti.'7 i:,5 Yf-'f �-�: � - 1 �l I fin` 14 T h E AT -- -.. .. BL D. -_ - 14A .a 1 r r r + E G^, i J t j L.� 01 z r � , t 4` s --1IJ rvr rrn�-r - 2 LUANA CT J i ELENA - C- i , 77 O� wa-------------- B•35 LA ^8 33 3-22 ® /. B-23 ® 321 1 5-25 " I 5-3 31 tx x 8.28 B-20-tr }C 5-2 I B-2) &20 8-20 B Lv 0 TREAT C 0 B-18 z 0 0 J C) Ct�• EXHIBIT A-1 BART DED!C,^l C`l?RC?ERTY r.' r - R 1 ,AJANA - 'ELENA T. µ ® _ =- LAS J - w. - - - CD B-9 7A B-5 11 1 r 8-27 B-10 6 m P B-7 G2 1 -. tea„-• a._..._.®•_�~� B _ El— - gLV 30 13 ci ' t � "i r •O a. — _ a z - t4A Y : 15 j z d 0 _ 148 v t ` i = = 0 NESD - - -EXHIBIT A 2 _ BART ROAD PROPERTY �. 1•` — - -- - — = nt - • - .. . . C��CINS •iUAcl NA y. ?_ :. 3 1 •o , ELENA 1 1 s4vr 4. ra EWjUMIAS us = .- g 13-19 _O B-13 O 8 13-12 . Im �F o,9 aP. B-16 12 g�* 10A 1314 pp ua p Sri..-a...-"----•-�"�`�'S�'- ttz�"Y "" .) � o r: 14A y` - P15 Z z 148 _ �pNES Rfl r:5 - EXHIBIT A-3 = - ` BART ASSEMBLAGE PROPERTY ..I.. , 1 JJAHA ' CZ j � Li ➢ - - .. ELENA CT. - �76 . ....��, --.�"`3¢ -•-=-•r=Y; --., `- :MIAs ..- _• _ 10 O ,9 -- �P 108 12 Jo EAT a. J4A 15 J o Nis ao EXHIBIT Ad - .PARCEL NO.B-17 - ...OR I 1 , 1 _ 1 1 1 •'fit C DANA t � • I I 1 - 1 ELENA , t LA 9 6 I C. lZ � - V O et C-2 10 A f �. r z=�.. - 5 ` _ ti ri � t ti . TR -- LLJ- - - -"~ - 14A 489 5 Y� 15 y1 / E � _ ff 1 EXHIBIT A-5 COUNTY CONVEYANCE PROPERTY -- - JUANA C2 z f ELEMA i •'-y:.�:....r- ,a:9`,,;k.:xu--..mss^---->.. ^-'-...a _ - ice- UHTAs - -2 - to s P � n r f - - is - _. P-2 It fx a - 1 IOE 12 P-34 pk .3a ^---• -----,«sem r +j S t ' Lv r. o : GY �O t4A Y !5 � Z O 14g JONES RO. . —. EXHIBIT A-6 COUNTY RIGHT OF WAY VACATIONS t ' 1 coGrIK • �. { Tci (. _ JUANA J -_ ELENA a t CT 1 74 zz c3 BEAek 11 N — 1 R 108 BE-2 40 A B E 3 ten._. -CREAT o- F r 14A Z ...___� Y - 1 fc r 145 f EXHIBIT A-7 Fs. NEW DEDICATED EASEMENTS .. CppGIMl 1 _ _- ._ •1 JUANA CT ELEMA - t - -. CT _. #- MIA4 _- • us 31 ............... rn. _ i B-32 ' N O 10 LU 14 , x 1 p � O i 2 ��Tq��3���+•.� "%LTi�..�u'��. -.� - _ A _ _ Y r. 148O _. �0 RD •`__ _- EXHIBIT A-8 ^I :' PARCEL NO.8-32 I , � l 1 1 n r a coGGIMS 1 r ELENA - t 1 - ._.. __.._- Y-... _ 1 , I __ - • -O i - CCO ""TAS - _ Vi=a--••.ra - - .. - _ _ 7A 41O l t ,m N U 1� O _ �9 1 F C-7 1 CD 10a 10 ..'�'_'.. 1 -y 14P, Y_ - 15 z f- 4 O o r - --'_ 6 1c y JONES RD EXHIBIT A-9 COUNTY EASEMENT PROPERTY z7. }1. SUN SAS yyAY LAS D"Jx� i y }_rr o � .e. s1 I TR£AT i- EXHIBIT B BART DEVELOPMENT PROPERTY t 1 se sue 4 '_..•. , ��y � GX kill Vo,1'�. R ,''t 5 J .. r .-r '1 > s+ ,a qt = aai.>(� 1 .'>• .o �,:.�� yrt ,' 1 it �,�.." U„{?� ' LZ .;C 1tS SCJB I � � ' J' .•C 20 Myo-"'��. z� .,a ',t 1 1 '..� t '�• r..'•>, J .��`':.a�.. ,,,,�..,.•� x ted}1} ��.. tts �1 Ir�"'.' � , r� {`a �'� � "` T«a,,, S r i�- - tv -„�4' _t N;, :t,Ir{ rj;a N.. r'�a,� • ,°� - 4c•C:R . ^z ..,' x �'� -�•- � � --.•r"-�•� tM'r.n #jl.,Il v" p."e y�yr+ t�� x �, _ » ". ,•,x qc.�LT.. � ���' S � l=�tp1 2 '4 ]d as ✓t X21 , 1 1_' SUB w � 1.2 e o✓ a it i.1}} -1' 1 1..1 6115 15, it y 11 5 t._S -.`,.,� i AI• t i`1 \v �� _ SUB. •a= a ., c �° � _ 32 V�y c is f i5 £S a �� s •�s• 63 �yfy4x F `<a� .J j}1 �'�' � �'4 }Ir, J/ ar x.oax•� r•S "„ oc f - >'/; t1.3': : .��� .�4 .3�Bt r+ 7 \\ ,j�, 4 y • r ' ''v"C`�+J^•�1y �Zr LAS :! 9 i t:• # s 1,;, „N;.�^�5' ,.,� � 1 t $vB s, s"o'�,,. ,N'•' rr'" � - . It 'id i"'rl> It Jos IDt i � ,S1EX1 q4 1 i' �~ n r✓=�je�• ,s z" 1 s 2 s�f� ,'r (;a „ } � 1 t I ,re s++' o tT � r,o'o S�it'� x2 xs x.'� {♦ � �...'a ., req<. N, . \ - .- 1r,'�i_"' •• ini iq „ 5195 f`�' sa " - "` " SEVEN K"'L 5cgVjcE . OL .us `1,'t � t as rr� � -S•1"' •i` .�` �� ;, =�ra .... i' • ~',2 <"- i cava_ h n y X15 g�� C R� gTATIONIc ✓ »x iS ,�iC�"= EXH� Nj "ILL BA JEC� AREA I�6!'0 ,t• A ">7..Y >i PLEASAc PMENT PRO r✓, rroGOSC.LO L. L K�Y,. = REDS O�NflA`RY �# _ PROSECT 6 c� r ,� = int 4E 7";�TES - 1 EXHIBIT D Exceptions to Title of BART Dedication Property, BART Road Property and BART Assemblage Property 3. Parcei' B-2. EASEMENT for the purposes stated herein and incidents thereto For : Roadway embankment and slope purposes Granted to : Contra Costa County Recorded April 20, 1955, Book 2749, Pace 506, Official Records. EASEMENT affecting that portion of premises and for the purposes stated herein and incidental purposes as created by the following instrument: For : Drainage purposes Contemned to - :-The Count�,' rrtra- s�a-,-Tn-the--Final -Order of Conde-:nation Recorded . October 29, 1957, Book 3066,- Page 525, Official Records. WAIVER Or DAMAGES as contained in the Instrument Recorded' : November 22, 1965, Book 4998, Page 114, Official Records. EASEMENT for the purposes stated herein and incidents thereto For : Sanitary sewer purposes Gran- to : Central Contra Costa Sanitary District RecorAed :. November 22, 1971 , Book 6525, Page 328, Official Records. Parcel B-3. a EA_EMENT for the purposes stated herein and incidents thereto For Storm drainage purposes 3 Granted to : County of Contra Costa Reccrded : November 8, 1972, Book 6792, Page 355, Official Records WAIVER..OF DAMAGES as contained in the Grant Deed Recorded: Play 28, 1980, Book 9865, Page 49, Official Records. Exhibit D, Pace 1 of 8 pages . G - Parcel B-3 (Cont. ) ACTION To seek a declaration as to whether the deed fro' R.E. 'kcPherson, et ux, to Oakland and Antioch Railway recorded in Book 154 of Deeds at Page 433, conveyed an easement to be used exclusively for railroad purposes or conveyed fee title and to quiet plaintiff's title to portions and interests in the property, as more specifically stated in the complaint, and to compel a reconveyance of the purported interests of the defendants in and to portions of the property, as more specifically stated in the complaint, and to eject defendants from portions of the property, as more specifically stated in the complaint, and'as an alternative to ejectment of certain defendants, damages for the inverse condemnation of portions of the property, as more specifically stated in the complaint. Case No. : 257752 Court : Superior Court of the State of California in and for the County of Contra Costa Plaintiff : Lorraine Watt Chatham, Administrator of the Estate of Lulu Fraser Watt, also known as Felina Carolyn Spafford, Lulu Fraser, Lulu Watt, Mrs. George Watt, Lulu Watt Tier, and Hrs. W. D. Ti„ Defendant : San Francisco Bay Area Rapid Transit District, a public body; County of Contra Costa, et al Recorded : March 28, 1984, Book 11716, Pace 595, Official Records. Attorney : Terence M. Murphy, Esq. Law Offices of Saline, Murphy b Sternberg Address : 1070 Concord Avenue, Suite 100, Concord, CA 94520 Telephone : (415) 825-3933 mended Notice of Pending Action thereunder, recorded April 9, 1984, Book 11734, Official Records, page 524. Escape-taxes if any, should a court of competent jurisdiction determine that the interest of the heirs of -Lulu Watt-Timm extend to a time prior to any judgment from said court. Z.._. -Parcel B-18. EASEMENT for the purposes stated herein and incidents thereto For : Storz drainage purposes Granted to ` : County of Contra Costa Recorded November 8, 1972, Book 6792, Page 355, Official Records. E::n;b;t D Pace 2 of 8 paces . 4 . Parcel B-20. EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to :Contra Costa County Water District Recorded : Play 22, 1962, Book 4124, Page 468, Official Records. EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa Countv Water District Recorded June 11 , 1962, Book 4136, Page 509, Official Records 1 WAIVER OF DAMAG"cS as contained in the Instrument Recorded December 15, 1964, Book 4763, Page 329, Official Records. S. Parcel Br21. EASEMENT for the purposes stated herein and incidents thereto For Underground utility purposes Granted to : Contra Costa County Fater District Recorded : Play 22, 1962, Book 4124, Page 468, Official Records EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa County Water District Recorded : June 11 , 1962, Book 4136, Page 509, Official Records WAIVER OF DAMAGES as contained in the Instrument Recorded December 15, 1964, Book 4763, Page 329, Official Records. 6. Parcel B' 23. EASEMENT for the purposes stated herein and incidents thereto For : Storm drainage purposes Granted to : County of Contra Costa Recorded : November 8, 1972, Book 6792, Page 355, Official Records. EY_^,lbit D, Pace 3 of '7_. Parcel B-26 . WAIVER OF DAMAGES as contained in the Instru, ent Recorded November 22, 1965, Book 4998, Page 114, Official Records: - EASERENT for the purposes stated herein and incidents thereto For Storm drainage purposes Granted to : County of Contra Costa Recorded : Ptovember 8, 1972, Book 6792, Page 355, Official Records. B._ Parcel B733 . The Terms, Conditions and Restrictions and the Reversionary Rights, as set forth in the deed from G. E. Weldon and Estelle Marie Weldon, his wife, recorded z:,eptember ;2, 1910, Book 156 of Deeds, Page 310, as follows: "Said second party shall construct and permanently maintain along the sides of said strip of land a hog tight fence and shall construct and maintain two crossinas over said land for the benefit of the first parties and their assigns if necessary. Said land to be used for railroad purposes and should the said party of the second part abandon said land and not use the same fcr a railroad right-of-way, then the said abovedescribed strip of land shall revert to the said first parties." 9 Parcel B-4 . UNRECORDED POLELINE EASEMENT as disclosed by the Grant of Right of Way to Great -Western Power Company of California, recorded February 28, 1923,, Book 422.of Deeds, Page 451 . Exhibit D, Paso 4 0 8 =axes . 10 . Parcel B-6 . EASEME?{T for the purposes stated herein and incidents thereto, For : Storm drain purposes Granted to : The County of Contra Costa Recorded November 27, 1950, Book 1675, Page 136, Official Records EASEMENT for the purposes stated herein and incidents thereto, For : storm drainage purposes Granted to : County of Contra Costa Recorded : : November 8, 1972, Book 6792, Page 355, Official Records 1l. Parcel B-10 . EASE.YENT for the purposes stated herein and incidents thereto For : Storm, drainage purposes Granted to : County of Contra Costa Recorded : November 8, 1972, Book 6792, Page 355, Official Records WAIVER OF I)WGES as contained in the Grant Deed Recorded: Hay 28, 1980, 'Book 9865, Page 49, Official Records. ' ACTION To seek a declaration as to whether the deed from R.E. McPherson, j- et ux, to Oakland and Antioch Railway recorded in Book 154 of Deeds at Page 433, conveyed an easement to be used exclusively for railroad purposes or conveyed fee title and to quiet plaintiff's title to portions and interests in the property, as more specifically stated in the complaint, and to compel a reconveyance of the purported interests of the defendants in and to portions of the property, as more specifically 'stated in the complaint, and to . eject defendants from portions of the property, as more specifically stated in the complaint, and as an alternative to ejectment of certain defendants, damages for the inverse condemnation of portions of the property, as more specifically stated in the complaint. Exh bi - D, Page 5 of 8 page-s. Parcel B-10 (Cont. ) Case No. 257752 Court Superior Cour of the State of California in and for the County of Contra Costa Plaintiff` Lorraine Watt Chatham, Administrator of the Estate of Lulu Fraser Watt, also known as Felina Carolyn Spafford, Lulu Fraser, Lulu Watt, Mrs. George Watt, Lulu Watt Timm, and Mrs. W. D. Tim Defendant San. Francisco Bay Area Rapid Transit District, a public body; County of Contra Costa, et al Recorded : March 28, 1994, Book 11716, Page 595, Official Records: Attorney : Terence M. Murphy, Esq. Law Offices of Safine, Murphy b Sternberg Address : 1070 Concord Avenue, Suite 100, Concord, CA 94520 Telephone : (415) 825-3933 Amended Notice of Pending Action thereunder, recorded April 9, 1984, Book 11734, Official Records, page 524. Escape taxes if any, should a court of competent jurisdiction determine, t�zt the interest of the heirs of-Lulu Matt-Ti, extend to a time prior to any ,judgment from said court. 12. Parcel B=30 . EAS--MINT for the purposes stated herein and incidents thereto, For : Storm drain purposes . Granted to : The County of'Contra`Costa Recorded : November 27, 1950, Book 1675, Page 136, Official Records EASEMENT for the purposes stated herein and incidents thereto,= _ For : storm drainage purposes Granted to : County of Contra Costa Recorded November 8, 1972, Book 6792, Page 355, Official Records EX:liblt D, Pace 5 cz 6 c a5 . 7 13. Parcel B-11. UNRECORDED POLELINE EASEMENT as disclosed by the Grant cf Right of Way to Great „Western Power Company of California, recorded February 28, Book 422 of Deeds , Page 451. 14. Parcel B-13. EASEMENT 'for the purposes stated herein and incidents thereto For : Storm drain purposes Granted to : County of Contra Costa Recorded : November 8, 1972, Book 6792, Page 355, Official Records 13. Parcel. B-14 . EASEMENT for the purposes stated herein and incidents thereto For : Storm drain purposes Granted to : The County of Contra Costa Recorded : Novemoer 27, 1950, Book 1675, Page 136, Official Records Private easements for ingress, egress and utilities as granted and reserved. in numerous deeds of record in favor of owners of property fronting on Oak Court. Rights of'the public "for use as a public highway"- including all public utilities installed in connection therewith and their rights of .ingress and egress, as granted in the deed to -Contra Costa County recorded October 24, 1951 in Book 18:1, Page 98, Official Records. f EASEMENT for the purposes stated herein and incidents thereto For Storm drain purposes Granted to County of Contra Costa Recorded Noventer 8, 1972, Book 6792, Page 355, Official Records Exhibit D, Pane 7 c- 8 pages . Y Parcel B-:14 (Cont. ) "S.F.B.A.R.T.D. Richt of Nay" as shown on the 'San Francisco Bay Area Rapid Transit District Record Map of Right of Nay" filed February 10, 1976, Book 3 of Bart Maps, Page 1, Contra Costa County Records. 1-E. Parcel B-16 . EASEXE T for the purposes stated herein and incidents thereto For I . Storm, drain purposes , Granted to' : - County of Contra Costa Recorded : Novemcer 8, 1972, Book 6792, Page 365, Official Records With resaect to all parcels comprising the BART Dedication Property, the BART Road Property and the ..=:RT Assemblage Property, the lack of co:.pliance with the Subdivision Map Act. y : _b_t D, Pace 8 c= 8 pag=_ . EXHIBIT EXCEPTIONS TO TITLE OF COUNTY CONIEYANCE PROPERTY 1. Parcel C-l. EASEMENT for the purposes stated herein and incidents thereto For Underground utility purposes Granted to : Contra Costa County Water District Recorded : May 22, 1962, Book 4324, Page 468, Official Records EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa County Mater District Ret^riled : June 1I , i962, Book 4136, Page 509, Official Retards The Recitals contained in the Grant Deed to County of Contra Costa, recorded March 30, 1979, Book 9286, Official Records, Page 342, as follows: "Grantee, for itself, its successors and assigns hereby covenants and agrees that :the purchase price of the property reflects any disadvantages or adverse. conditions that may exist or which may hereafter arise by reason of its proximity of grantor's rapid- transit facilities. Grantee agrees that the. purchase price accounts for any claims grantee may have against grantor arising out of grantor-'s maintenance, operation or expansion of its rapid transit facilities. . Gantee knowingly accepts any adverse affects attributable to the operation by:grantor of its rapid transit facilities in proximity.to said property."- 2. roperty.-2. Parcel C-2. EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa County Water District Recorded : May 22, 1962, Book 4124, Page 468, Official Records EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa County mater District Recorded : June 11 , 1962, Book 4136, Page 509, Official Records Exhibit E, Page 3 of 3 iaes . Parcel C-2 (Cont. ) The ;Recitals contained in the Grant Deed to County of Contra Costa, recorded March 30, 1979, Book 9286, Official Records, Page 342, as follows: "Grantee, for itself, its successors and assigns hereby covenants and agrees that the purchase price of the property reflects any disadvantages or adverse conditions that may exist or which may hereafter arise by reason of its proximity of grantor's rapid transit facilities. Grantee agrees that the purchase price accounts for any claims grantee may have against grantor arising out of grantor's maintenance, operation or expansion of its rapid transit facilities. Grantee knowingly accepts any adverse affects attributable to the operation by grantor of its rapid transit facilities in proximity to said property." 3. Parcel C-3. EASEMENT for the purposes stated herein and incidents thereto For : Underground utility purposes Granted to : Contra Costa County Water District Recorded : May 22, 1962, Book 4124, Page 468, Official Records EASEMENT for the purposes stated herein and incidents thereto For ' : Underground utility purposes Granted to : Contra Costa County Water District Recorded June 11, 1962, Book 4136, Page 549, Official Records The .R;ecitals contained in the Grant Deed to County of Contra Costa, recorded March 30, 1979, Book 9286, Official Records, Page 342, as follows: "Grantee, for itself, its successors and assigns hereby covenants and agrees 1.41at the purchase price of the property reflects.any disadvantages or adverse conditions that may exist or which may hereafter arise by reason of its proximity of grantor's rapid transit facilities. Grantee agrees that the purchase price accounts for any claims grantee may have against grantor arising out of grantor's maintenance, operation or expansion of its rapid transit facilities. Grantee knowingly accepts any adverse affects attributable to the operation by grantor of its rapid transit facilities in proximity to said property." Er-^•� = �, Page 2 0: 3 pages. 4. With respect to all parcels comprising the County+ ,Conveyance Property, the lack of compliance with the Subdivision Map Acta Exhibit E, Page 3 of 3 paras . Cot1sTRUCTloN woR4< u _ - --.. I Ag /314 _ �� ,F;�fir=` t;'; ��/; r'r'l o'' : 3�� y' � •� n .f JJ AY NE m i� I s ��`r F a:mss,. - --•-- x - :,s, .y_ c j/ -3 �.. ;} i- r ;� - _ CoN STRUCTloN WOR I<, 77 wk im Tz Nt 41 _ 1 l _ � ! 1 -+ ,�-- / - 111..., s w -•-•-` r-t.4- �, .q 1 r— 1l 111 - - y I .. _ Ills. aALIQUOT 1n EXHIBIT F 3.` AP t CONSTRUCTIO`: WORK{ The .Constructicn Work shall consist of the reconstruction of station, pedestrian, and vehicle access facilities as a result of the road improvements required by the Specific Plan, 'and shall have three principal components: (a) the . Parking Lot Work; (b) cons tructicn of the Wayne Drive Extension; and (c) relocation of the existing sanitary sewer presently located within the BART Development Property, includinc without lLnitation the , following: (a) Parkins Lot Work. This work will consist of the reconstruction of patron parking lots, bus and passencer pick-up and drop off facilities, and the f Jones access road :in the BART Development Property, including without limitation., construction of temporary parking facilities , removal of landscaped islands and their replacement with pavement structural sections, removal of conflicting markings and striping, relo- cation of electroliers, restoration of irrigation for preserved landscaping, rest icing, and construction of curbs , sidewalks , pavement structural sections , drainace, pavement markers and traffic islands; and (b) Construction of the Wayne Drive Extension. This work will consist of the construction of Wavne Drive within the BART Develoament Property and will include , without limitation, construction of curbs, sidewalks , pavement structural sections, drainace, pavement markers and traffic islands, and striping; ana (c) Sanitary Sewer Relocation. This work will include, without limitation, relocation of the existing sanitary sewer from its current location in the BART Development Property to a new location along the new Jones access road, and construction of a lateral service line connection to the relocated sanitary sewer to provide service to the existing BART transit - facility and future development on the BART Development Property; all in accordance with the construction contracts, plans and specifications prepared by the Agency and approved by BART. EYIBIT F - Pace 1 of 1 Pace Tff i s t i ` t t if4 '-1 C T r - .� 7i= LAS 1 I t '1 1 _ 1 --' -: 1 .1 t l t gl 1 _. _ . It _ � ..l . � � �F a I• I i i' IR 1 ,I t DI SI I -2.. 1— till .-.�-.-�.�.._.�����.�,�...--�••----�{ -1 ,TRE �- - I 47�. A ____Ey151,11G ST.,CAFi11 —)1[rI SIU,W CA-01 , - CIS i FD - . }. Y r—u hE'v San 'E r.>.fi r ICA ALIOUO 1 i EXH IBIT G F t Documentation of Credit Docu:.entation. Date: Pursuant to the Acquisition and Development Agreement ("Agreement") dated , 1985 by and between the Contra: Costa County ( County 3 Contra Costa County Redevelopment Agency ("Agency") and the San Francisco Bay Area Rapid Transit ("BAR.") , BART is to receive Credit (as defined in the Agreement) against payment of .development fees otherwise payable in connection with development of the BART Development Property (as defined in the Agreement) and that Credit is to be reduced uoon the occurence of certain events specified' in the Agreenent.' The purpose of this documentation is to set forth in writing an increase or decrease in the Credit. ] . Amount of Credit Prior to Execution of this Dccumentation No. 2. Increase or (Decrease) in Credit by Reason of Events Specified in this Documentation No. 3. Total Credit After Taking Into Account Events Specified in this Documentation No. (Add Lines line 2 if Line 2 is an increase in the Credit; Subtract Line 2 from Line I if Line 2 is a decrease in Credit.) 4 . Reasons for Increase or (Decrease) in Credit: H Page 1 of Z'Pages 5 . If adjustment to the Credit is attributable to EART ' s grant of an ownership or leasehold interest in the BART Develo=-,ent Property, or any portion thereof , together with an asSicnment of ELRT ' s obligations under the Agreement to such transferee, then the following shall indicate the amount of the Credit which BART is allocating to such transferee, and the amount of remaining Credit which BART has retained for itself: Amount of Credit retained by BART: $ Name of BA.RT ' s transferee : Amount of Credit transfered to such transferee : Reasons for Increase Anount Total: $ '(Specify basis for increase in Credit under Paragraphs 28.3 (a) - (c) or 18.4 - '(a)-(g) of the Agreement and amount associated with with each such basis.) Reasons for Decrease Amount Total: $ (Specify basis for decrease in Credit under Paragraph 18.5 or 28 .4 of the Agreement) r EX-71BIT H Page 2 of 2 Pages CONTRA COSTA COUNTY by. CONTRA COSTA COUNTY R.EDEVE,LOPHEIAT AGENCY by: SAN FRANCISCO BAY RAPID TRANSIT DISTRICT by: OR "GGIM3 GD -- 1 r t - - �-- - _ ' t , LlCT ,Uth� n 1 1 , ELE.Yt , CL v GD 7g g - - - ;. ` -="•^�----Li ` �� - - - - _ _.- _ _ _ _ _ Los y Y - 9 - THOMAS PROPERTY / Q 1! ,a •b Ldp 12 - x �--a__�..�_—°^tem ��..�•T�'�z._,..�tiF� _ �s _ � tr cr " s'_`•�.� ...:Ftp'.._.._ �+��-�"�''-�sc �"4' .r- r a f,�, �:�,. _ _ Y_ �L 15 0 - �aNES EXH181T 1 THOMAS PROPERTY EXHIBIT J Parra of Promissory Nate ` -71- E X H I_'3I K BART INSUP.ANCE PROVISIONS A2. 12 . i Under, the polic•Y(s ) ofdescribed ahave, each polic%,. shall contai: t::e follcwin, orovisio::s : Thirty (30) days ' written notice submitted by re,istered nail: from the insurance C-. ier(s ) .to San Francisco Bay. A_ ea Rao2d Transit District. 800 uaA; Scn Street, . P. C. `Box 32588, Daklard, California 94604-2688, prior to any can- cellation� or reduction in coverage. A2. 12, 2 Under the policy(s) of indurance described in Article A.2. 1.2(b) , . each policy shall contain the following provisions: (a) San Francisco Bay Area Rapid Transit District, its directors ; officers , representatives, agents and hall be included employees sas additional insureds as respects work, or operations in connection wit:: this Contract. (b) Endorse:-ent provi di;:g that such insurance is primary insurance and no insurance of the additional insureds shall be called on to contribute to a loss . (c) Endorsement providing that such insurance shall rot contain any exclusion recarding loss cr damage to property caused by- explosion cr resulting from col- lapse of buildings cr structures or damage to proper- . ty underground, commonly referred to by insurers as "XCU" hazards. (d) Standard cross-liability clause covering Persona 1In jury, Bodily Injury (including death resulting there-- from) and Property Damage, or policy wording as follows: "The insurance afforded applies separately to each insured. . . .except as to limits. ". (�) Endorsement providing that such insurance shall not contain any exclusion denying liability due to the - performance of operations within the vicinity of any railroad bridge cr trestle, track, roadbed, tunnel;. underpass or crossway. A2. 12. 3 Prior to beginning work, Contractor shall furnish certificates satisfactory to the District as to contents and carriers of such insurance. _ EXHIBIT •K Page 1 of 1 Page 7o- THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on Au g u s t F, , i 4R r , by the following vote: AYES: Supervisors Powers , Schroder, McPeak , Torlakson and Fanden NOES: None , ABSENT: ' None ABSTAIN: None RESOLUTION N0. 85/470 SUBJECT: Development fees payable in connection with Development of property in the area governed by the Pleasant Hill BART Station Specific Plan 1. The Specific Plan for the Pleasant Hill BART Station Area ("Specific Plan") and implementing resolutions provide for payment of development fees in connection with development of property in the area governed by the Specific Plan and allows such fees to be prepaid through an assessment district. The development fees are designed to pay the costs of public improvements in the area governed by the Specific Plan and to create a transit systems management program for the area. 2. Subsequent to adoption of the Specific Plan, the Board activated the Contra Costa County Redevelopment Agency ("Agency"') and the Board and the Agency adopted the Redevelopment Plan for the Pleasant Hill BART Station Area ("Redevelopment Plan") . The Redevelopment Plan provides for the Agency to implement the Redevelopment Plan by, among other things, undertaking the construction of public improvements in the area 'governed by the Specific Plan. 3. In taking steps to implement the Specific Plan', and Redevelopment Plan, it has become apparent that under certain circumstances implementation of the Specific Plan and Redevelopment Plan and construction of public improvements can best be accomplished by financing payment of development fees through Agency financing mechanisms, or by allowing payment of development fees through cash payments to the Agency or. through transfers to the Agency of property needed for public improvements or assemblage of development sites. Such mechanisms for payment of development fees are not currently permitted under the Specific Plan and implementing resolutions, and the Board as well as the Agency desire to provide for such mechanisms. Therefore, the Board of Supervisors of Contra Costa County hereby resolves that the development fees payable in connection with development of property in the area governed by the Specific Plan may be paid or prepaid by a developer in the following methods: (a) Through the payment to the Agency of the proceeds of ;Agency bonds or other Agency financings where such bonds or other financings are secured by payments to ,be made by a developer. (b) 'Through cash payments by a developer to the Agency. (c) Through transfers by a developer to the Agency of property that is needed for public improvements or assemblage of development sites. RESOLUTION 85/470 t It is the intent of the Board in adopting this resolution that 'the additional methods for payment or prepayment of development fees prescribed above only be available in those limited circumstances where payment or prepayment by such methods would be advantageous to the County and the Agency in implementing the Specific Plan and the Redevelopment Plan. Therefore`, before any payment or prepayment of development fees by the methods set forth in this resolution is permitted, the County and the Agency must consent to the payment or prepayment proposed by a developer and approve the specific method for the payment or prepayment and the amount of fees to be paid or prepaid by such method. Such consents and approvals may be given through approval or adoption of an agreement or agreements between the County, the Agency and the developer. 1 hereby eettity"t thle fs o!vole and comet co"411 an action taken and ernere!On the lnht M of 110 Board of Supervisors on tits date shmm ; ATTESTED: 1" 6 . / y&.2- PHIL SATCHEL R. Cte+rk of it*Dosed of Sapervism and County AdmIrAstnHor By ....._.. .Deputy cc : Distribution Via Redevelopment Agency to : County Administrator Goldfarb & Lipman Community Development Department San Francisco Bay Area Rapid Transit District (BART) RESOLUTION RS/47n