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2004-134-Approve A Community Benefit Agreement For A Planned Development At 14300 Winchester BlvdRESOLUTION 2004 -134 RESOLUTION OF THE TOWN COUNCIL OF THE'TOWN OF LOS GATOS APPROVING A COMMUNITY BENEFIT AGREEMENT FOR A PLANNED DEVELOPMENT AT 14300 WINCHESTER BOULEVARD WHEREAS, the 'Town of Los Gatos approved Ordinance 2130 approving an amendment to a Planned Development at 14300 Winchester Boulevard, and WHEREAS, Ordinance 2130 requires the applicant to provide specified community benefits, and WHEREAS, the Ordinance requires the applicant to enter into an Community Benefit. Agreement with the'Town prior to issuance of building permits, and WHEREAS, such an agreement has been developed by the :applicant and the Town; THEREFORE BE IT RESOLVED The Town Council hereby approves the Community Benefit Agreement attached hereto as Exhibit A. FURTHER RESOLVED: The Town Manager is authorized to .execute said Community Benefit Agreement. PASSED .AND ADOPTED at a regular meeting of the Town :Council of the Town of Los Gatos, California, held on the lsk day of November .2004 by the following vote:. COiJNCIL MEMBERS: AYES.: Sandy Decker, Diane McNutt,. Joe Pirzynski, Mike Wasserman, Mayor Steve Glickman. NAYS : None ABSENT: None ABSTAIN: None SIGNED: , ~~ MAYOR OF'THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: ~_~ ,' _ ~ ` CLERK OF THE TOWN OF LOS GA O LOS GATOS, CALIFOFc~T;,A Ci\Documents and Settings\MRasmuss\LocalBeuings\Temp\14300Win-CBA Reso.wpd CQMMUl`1>tTY BEIeTEFITS AGREEME1~iT This agreement ("Agreement"), effective as of this day of , 2004, is by and between Sobrato Land Holdings, a California limited partnership {"Owner") and the Town of Los Gatos {"Town") as :follows: RECITALS Owner has been granted .approvals for developza~ent of an office/research and development/residential project (the "Project") on property generally known as 14300-14350 Winchester Boulevard in the Town (the "Property"). Said approvals include a rezoning of the Property to the CM:PD (Controlled Manufacturing/Plaruled Development) zone, approved by Ordinance No. 21.30, adopted on May 5, 2004, as well as Architectural and:Site approval, approved by Resolution No. 5-04-47 dated August 17, 2004. These approvals, as well as others that will be obtained froze the Town are collectively called the "Approvals." During the process of obtaining the Approvals, Owner represented that it was willing to provide certain benefits to the Town as an incident of development of the Project. Some of such benefits were required as conditions of the Approvals. These various benefits are collectively called herein the "Commtuxty Benefits." Town and Owner desire to enter into this Agreement in order to further .specify the scope of the CommunityBenefits, to avoid uncertainty in the development of the Project, .and to memorialize the obligations that Owner has undertaken as part of the development oftl~e Project. NOW, TT-IEREFORE, in consideration of the foregoing recitals and of the mutual covenants and conditions contained herein, Town and Owner hereby agree as follows; 1. Ll~ht Rail Shuttle. The Town desires Owner to assist the Town in its efforts to bring Light Rail Service to Los Gatos. Owner shall contribute funds to facilitate the operation of a shuttle or equivalent service:("Shuttle Service")between the Winchester Station in Campbell and the Project. The Shuttle Service shall commence operationupon the later of(i) thebeginning oflight rail service to the Winchester Station in Campbell or {ii) the Town's issuance of a Final Certificate of Occupancy far the .first building in the Project and Owner's obligations shall terminate if and when light rail service or other public transportation is available to the Project. The Town Council recognizes the evolving circumstances of the VTA Community Bus Program and grants Town staff the authority to issue all required building permits for the project. Occupancy of the project shall be withheld until such time as the Town and Owner agree to the specific terms of the light rail shuttle. Staff will retui~ to the Council with a specific agreement on the light sail .shuttle prior to final occupancy for the project. 2. Transit for Livable Communities. IftheTown intends to apply for grant fluids far the Transit for Livable Communities ("TLC") program. Following issuaa~ce of the f rst final certificate of occupancy for the residential portion of the Project,. Owner shall help the Town in its formulation of such a program by providing technical assistance through the services of a grant writer designated by the Town and reasonably acceptable to Owner. Such assistance shall not exceed a total of forty (40) hours of consultant's time, which s1ia11 be at no cost to the Town. 3. Affordable ITousing_IJnits. Pursuant to Section II {1) in Ordinance 2130, Owner has coordinated with the Director of Community Development and has designated fifty one (S 1) of the residential units as belowmarket rate units. Pursuant to Section'V (5) of Ordinance:2130, these units shall be subject to the Town's Below Market Price Program in place at the time Ordinance 2130 was adopted by the Town, and Owner shall record a deed restriction prior to the Town :granting the first final certificate of occupancy an a residential building within tl~e Project. 4. Riparian. Improvements. Prior to issuance of the first final certificate of occupancy far the Project, Owner shall either have installed, or shall have provided bonds or other adequate security for the installation of, Twenty Thousand Dollars ($20;000) of landscape improvements along the edge of the Los. Gatos Creels Trail adjacent to the Property. 'This work will include two drinking fountains at the two access locations .from the property to the Creels Trail sa long as such work is permitted by the appropriate regulatory authority. In the event that the regulatory agency does not allow the water fountains to be installed alongside the creek trail, the fountains will be installed oz1 the applicant's property near the two trail connections to the creek trail. 5. Public Art. Owner shall provide a contribution toward a gateway art feature to be located on the Property in the amount of One hundred Thousand Dollars ($100,000). Owner shall propose the public art and shall seek input from the Arts Commission of the Town prior to submitting the art to the Director of Cornrnunity Development for approval. Owner shall have contributed or shall have provided bonds or other adequate security .for the payment toward the public art prior to the Town granting the first final certificate of occupancy for the Project. 6. Traffic and Other Public Improvement. Owner shall pay to the Tawn the sum of Fifty Thousand Dollars ($50,000) to be used for traffic and other public :improvements {the "Traffic Contribution"). The amount of the Traffic Contribution shall be prorated between affice/R&D and residential space on a square footage basis. The portion of the Traffic Cont~ibutioza applicable to office/R&D space shall bepaid prior to the issuance of the first final certificate of occupancy for the office/R&D space in the Proj est. The portion ofthe Traffic Contributionapplicable to the residential space ..shall be payable at the issuance of the final certificate of occupancy for t11e residential dwellings in the Project. A portion of this fee will be used bythe Town to improve the intersections ofl~nowles and A Street and Knowles and Winchester{e.g. enhanced crosswallcpavement/markings, signal coordination, painting of signs and posts, asphalt repair atthe railroad tracks, etc.) to improve its function for both pedestrians and vehicles as soon as practical Owner is willing to allow the Tawn to redistribute the funds allocated to items #5 and #C~ above to a sports facility so long as appropriate recognitiozi is given to Owner for its contributions az~d so long as the traffic irzaprovements_required in item ##f are completed. 7. Traffic Demand .Management Plan. From and after the date this Agreement is signed by Owner and the Tawn, Owner shall include in any lease of commercial space within the Project a :provision whereby the commercial tenant agrees to develop .and implement a Traffic Demand Management ("TDM") plan to the reasonable satisfaction of the Director of Coimnunity Development of the Town. 8. Police Communications Infrastructure. Following issuance of all certificates of occupancy for the buildings to be constructed as part of the Project, Owner will provide rooftop space for a small antenna at the Property (at a location to be mutually determined by Owner and Town) for the exclusive use of the Los Gatos Police Department in :its efforts to increase .public safety. Such antenna shall be installed and maintained by the Town at the Town's sole expense, and any damage to the Property and improvements thereon resulting from the installation, use or maintenance ofsuch antenna shall be promptly repaired by the Town at the Town's sole expense. Owner shall have no liability to the Town in the event of damage to the antenna from .any cause, including without limitation .acts or omissions of Owner, and the Town shall be solely responsible for any repairs to the antenna at the Town's sole cost, Before entering onto the Property pursuant to this Section 8, the Town shall indemnify, defend with counsel reasonably acceptable to Owner pursuant to a comprehensive indemnity agreement to be mutually agreed upon by the parties. IN WITI~tESS V~THEREOF, this Agreement has been executed by the parties hereto as ofthe year and date first above written. TOWN: TOWN OF LOS GATOS, a municipal corporation By: Debra Figone, Town Manager APPROVED AS TO FORM: Orry P. Karb, Town Attorney ATTEST: Marlyn Rasmussen, Clerk Administrator OWNI/R: SOBRATO LAND HOLDINGS, a Califoniia liz~nited partnership By: The .John Michael Sobrato 1985 Separate Property T~~.~st, Its General Partner By: John Michael Sobrato, Trustee N:\DI;ViSUZANNG\Council\RcportslP'tvd: to TC\Sobrato\CBA-11-o4-04.wpd