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HomeMy WebLinkAbout598ORDINANCE NO. 598 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IRWINDALE, COUNTY OF LOS ANGELES, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT AND RELATED NEGATIVE DECLARATION FOR THE REPLACEMENT OF FOUR EXISTING BILLBOARDS WITH FOUR NEW LARGER BILLBOARDS AT 13130 LOS ANGELES STREET A. RECITALS (i) California Government Code Sections 65864 et seq. ("Development Agreement Law") authorizes cities to enter into binding development agreements with persons having a legal or equitable interest in real property for the development of such property, all for the purpose of strengthening the public planning process, encouraging private participation and comprehensive planning and identifying the economic costs of such development. (ii) Attached to this Ordinance, Marked Exhibit "A" and incorporated herein by reference, is a Development Agreement, which hereinafter is referred to as "the Development Agreement." (iii) Clear Channel Outdoor Inc., hereinafter in this Ordinance referred to as "Developer", has a leasehold interest to that certain portion of real property generally located on the west perimeter of the 336 -acre Cal Mat/Vulcan Materials/Durbin Mining Pit east of the San Gabriel River (1-605) Freeway, between Ramona Boulevard and Lower Azusa Canyon Road/Los Angeles Street ("Billboard Site"), legally described within the Development Agreement, and situated on the real property in the City of Irwindale, County of Los Angeles, California, specifically located at 13130 Los Angeles Street, as described within the Development Agreement (the "Site"). Developer wishes to replace four (4) existing poster advertising structures with a total of eight (8) faces with four (4) larger bulletin advertising structures with a total of eight. Calmat Properties Co., dba Vulcan Materials Company, Western Division ("Vulcan") is the owner of legal and/or equitable interest in the Site and thus qualify to enter into this Agreement in accordance with Development Agreement Law. (iv) The Site is located within the City's M-2 Zone (Heavy Manufacturing) and designated by the Land Use Designation of the General Plan as Industrial. (v) On January 5, 2006, the Planning Commission of the City, at a duly noticed hearing to consider the approval of this Agreement and related environmental analysis, adopted Resolution No.463(05) recommending approval of this Agreement i and certification of Negative Declaration No. 8-05 ND to the City Council. Ordinance No. 598 Page 1 (vi) City finds and determines that all actions required of City precedent to approval of this Agreement by Ordinance No. 572 of the City Council have been duly and regularly taken. (vii) All legal prerequisites to the adoption of this Ordinance have occurred. B. ORDINANCE NOW, THEREFORE, the City Council of the City of Irwindale hereby does ordain as follows: (i) In all respects as set forth in the Recitals, Part A of this Ordinance. (a) The City Council of the City of Irwindale, based on the Initial Study and Negative Declaration No. 8-05 ND, which have been prepared in compliance with the provisions of the California Environmental Quality Act of 1970, as amended, and the Guidelines promulgated thereunder pursuant to Section 15061 (b) (3) of Division 6 of Title 14 of the California Code of Regulations, hereby determines that this proposal will not have a significant impact on the environment. (b) The City Council hereby specifically finds and determines that, based upon the findings set forth below, and changes and alterations which have been incorporated into and conditioned upon the Project, no significant adverse environmental effects will occur. (c) The City Council hereby specifically finds and determines that, having considered the record as a whole, there is no evidence that the Project contemplated by the Development Agreement, and as conditioned, will not have a potential for an adverse impact on wildlife resources or the habitat upon which the wildlife depends. Based upon substantial evidence presented in the record before this Council, this Council rebuts the presumption of adverse effect contained in Subsection 753.5 (d) of Title 14, California Code of Regulations. Notwithstanding the provisions of this paragraph, the Applicant shall pay all fees required for the filing of a Notice of Determination and any fees imposed by the California Department of Fish and Game prior to the issuance of building permits. (ii) The City Council has found that this Agreement is in the best public interest of the City and its residents, adopting this Agreement constitutes a present exercise of the City's police power, and this Agreement is consistent with the City's General Plan. This Agreement and the proposed Project will achieve a number of City objectives including removing blight and revitalizing and reutilizing the Sites and the immediate vicinity, assuring that redevelopment within the Irwindale Community Redevelopment Agency's Industrial Development Project area is not hampered by the presence of billboards by assuring that the Billboard on the Site is removed upon commencement of any development thereon, and by enhancing commercial uses in the area surrounding the Site and providing for the maintenance of the Billboard and of the Billboard Site for the term of the Development Agreement. Ordinance No. 598 Page 2 (iii) It is expressly found that the public necessity, general welfare and good zoning practice require the approval of the Development Agreement. (iv) This City Council hereby approves the Development Agreement attached hereto as Exhibit "A." (v) The City Council hereby authorizes and directs the Mayor and the City Clerk to execute the Development Agreement on behalf of the City of Irwindale forthwith upon adoption of this Ordinance. (vi) The City Clerk shall certify to the passage of this Ordinance and shall cause the same to be published and/or posted at the designated locations in the City of Irwindale. PASSED, APPROVED, and ADOPTED this 7t" day of February 2006. ATTEST: e L' a J. Kirdbrol, CMC e�puty City Clerk & - /J Z/11 =Z Julian A. Miranda, Mayor Ordinance No. 598 Page 3 STATE OF CALIFORNIA } COUNTY OF LOS ANGELES } ss. CITY OF IRWINDALE } I, Linda J. Kimbro, Deputy City Clerk of the City of Irwindale, do hereby certify that the foregoing Ordinance No. 598 was duly introduced at a regular meeting of the Irwindale City Council held on the 17th day of January 2006, and was duly approved and adopted on second reading at its regular meeting held on the 7th day of February 2006, by the following vote of the Council: AYES: Councilmembers: Breceda, Fuentes, Tapia, Ortiz, Mayor Miranda NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None L a` J. Kimb MC Deputy City Clerk AFFIDAVIT OF POSTING I, Linda J. Kimbro, Deputy City Clerk, certify that I caused a copy of Ordinance No. 598 adopted by the City Council of the City of Irwindale at its regular meeting held February 7, 2006 to be posted at the City Hall, Library, and Post Office on February 8, 006. 1 , LiJ. K - imbrol OMC Dated: February 8, 2006 MCity CleW Ordinance No. 598 Page 4 Recording Requested by And When Recorded Return to: City of Irwindale 5050 N. Irwindale Ave. Irwindale, CA 91706 Attn: City Clerk EXHIBIT "A" ORDINANCE NO. 598 JUL 2 6 20M RECEIVED JUL 31 zo CITY OF IRWnvp� CITY CLERKS DEPT. 502. j CC- CV c� cent Rewrded ® Has not been compared with original. 009inal v0ll be. returned Aen pfocessing,haas been competed, h LOS ANFELES COUNTY REGISTRAR - RECORDER [Exempt From Recording Fee Per Gov. Code §6103] DEVELOPMENT AGREEMENT NO. 1-05 This Development Agreement (hereinafter "Agreement") is entered into this 7h day of February, 2006, (hereinafter the "Effective Date") by and between the CITY OF IRWINDALE (hereinafter "City"), CLEAR CHANNEL OUTDOOR, INC., a Delaware corporation ("hereinafter "Developer"), and CALMAT CO., a Delaware corporation dba VULCAN MATERIALS COMPANY, WESTERN DIVISION ("Vulcan" or "Owner"). RECITALS A. California Government Code Sections 65864, et seq., ("Development Agreement Law") authorizes cities to enter into binding development agreements with persons having a legal or equitable interest in real property for the development of such property, all for the purposes of strengthening the public planning process, encouraging private participation and comprehensive planning and identifying the economic costs of such development. B. Developer has a leasehold interest to that certain portion of real property located south of Los Angeles Street, north of Ramona Boulevard, along the easterly line of the 605 Freeway ("Billboard Sites"), and situated on the real property in the City of Irwindale, County of Los Angeles, California, commonly known as the Durbin Pit, as more specifically described in Exhibit "A, " attached hereto and incorporated herein ("Site"). The Billboard Sites are depicted at Exhibit "C". Developer wishes to -eliminate four (4) existing, 35' tall, "poster" skze freeway - oriented billboards with a total of eight (8) faces (each face measuring 12' x 25') and replace them with four (4) proposed, 38' tall, "bulletin" size freeway -oriented billboards with a total of eight (8) faces (each face measuring 14' x 48'). Owner is the owner of legal and/or equitable interests in the Site and thus qualifies to enter into this Agreement in accordance with Development Agreement Law. C. The Site is located within the City's M-2 Zone (Heavy Manufacturing) and designated by the 1973 General Plan as Industrial. D. Developer and City agree that a development agreement should be approved and adopted for this Site in order to memorialize the property expectations of City and Developer as more particularly described herein. E. On January 5, 2006, the Planning Commission of the City, at a duly noticed hearing to consider the approval of this Agreement, adopted Resolution No. 463(05) Development Areement o. 1-05 Pice.d &Ah& P(autj recommending approval of this Agreement to the City Council and adopting a Negative Declaration for the Project, as defined below. F. The City Council has found that this Agreement is in the best public interest of the City and its residents, adopting this Agreement constitutes a present exercise of the City's police power, and this Agreement is consistent with the City's General Plan. This Agreement and the proposed Project (as hereinafter defined) will achieve a number of City objectives including revitalizing and reutilizing the Billboard Sites and their immediate vicinity, assuring that redevelopment within the Irwindale Community Redevelopment Agency's Industrial Development Project area is not hampered by the presence of billboards by assuring that the Billboards on the Site may be removed upon expiration of the Term or commencement of any development thereon, which conflicts with the Billboards, and enhancing commercial uses in the area surrounding the Site by controlling the duration of the Billboards on the Billboard Sites. G. City finds and determines that all actions required of City precedent to approval of this Agreement by Ordinance No. 598 of the City Council have been duly and regularly taken. COVENANTS NOW, THEREFORE, in consideration of the above recitals and of the mutual covenants hereinafter contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. DEFINITIONS AND EXHIBITS. - 1.1 Definitions. This Agreement uses a number of terms having specific meanings, as defined below. These specially defined terms are distinguished by having the initial letter .capitalized, when used in the Agreement. The defined terms include the following: 1.1.1 "Agreement" means this Development Agreement and all attachments and exhibits hereto. 1.1.2 "Agency" means the Irwindale Community Redevelopment Agency, a California public body, corporate and politic. 1.1.3 "Billboard" means either, at Developer's option, an Existing Billboard or a New Billboard consistent with the Development Approvals and this Agreement, including the Scope of Development attached hereto as Exhibit "B ". 1.1.4 "Billboard Sites" means those portions of the Site where the New Billboards shall be located, including any immediately surrounding areas used by Developer in connection with its use and maintenance of the New Billboards. The Billboard Sites are depicted at Exhibit "C" hereto. 1.1.5 "City" means the City of Irwindale, a California municipal corporation. 1. 1.6 "City Council" means the City Council of the City. Development Agreement No. 1-05 01005/0018/40720.07 1. 1.7 ".Developer" means Clear Channel Outdoor, Inc., a Delaware corporation duly existing and operating, and its successors and assigns, doing business at 19320 Harborgate Way, Los Angeles, California 90501. 1.1.8 "Development" means the removal of four Existing Billboards on the Site and installation of four New Billboards on the Site and the undergrounding of all utilities from SCE electrical source to New Billboards therefore, which shall constitute the entire Project. 1.1.9 "Development Approvals" means the approved Development, based on the recommended approval by the Planning Commission on January 5, 2006, pursuant to Resolution No. 463(05) and approval of the City Council by Ordinance No. 598 on February 7, 2006, as further described at Section 3.3 herein. 1.1.10 "Effective Date" means the date inserted into the preamble of this Agreement after this Agreement has been approved by ordinance of the City Council and signed by the Developer and City. 1.1.11 "Existing Billboards" mean the four Billboards currently on the Billboard Sites, facing the 605 freeway and owned by Developer as of the Effective Date of this Agreement, which shall be replaced pursuant and subject to the terms of this Agreement. The four Existing Billboards each contain two outdoor advertising display "faces" measuring 12 feet x 25 feet, and are spaced at approximately 500 -foot intervals. The Existing Billboards measure 35 feet in height. 1.1.12 "Land Use Regulations" means all ordinances, resolutions, codes, rules, regulations and official policies of City, including, but not limited to, the City's General Plan, Municipal Code and Zoning Code and including all development impact fees, which govern development and use of the Billboard Sites, including, without limitation, the permitted use of land, the density or intensity of use, subdivision requirements, the maximum height and size of the New Billboards, the provisions for reservation or dedication of land for public purposes, and the design, improvement and construction standards and specifications applicable to the Development of the Billboard Sites, subject to the terms of this Agreement. Land Use Regulations shall also include NPDES regulations and approvals from the California Department of Transportation Outdoor Advertising Division, to the extent applicable. 1.1.13 "Lease" means that certain lease agreement executed by and between Patrick Media Group, Inc. and CalMat Properties Co., predecessors in interest of Developer and Owner, respectively, on or about September 14, 1994, as amended and as may be extended, for the lease of the Billboard Sites to Developer. 1.1.14 "Mortgagee" means a mortgagee of a mortgage, a beneficiary under a deed of trust or any other security -device, a lender or. each of their respective successors and assigns. 3 Development Agreement No. 1-05 01005/0018/40720.07 1.1.15 "New Billboards" mean the four New, larger Billboards to be constructed on the Billboard Sites, after the Existing Billboards have been removed, pursuant to the specifications included in the Scope of Development. The four New Billboards may each contain two outdoor advertising display "faces" measuring 14 feet x 48 feet, and shall be spaced at approximately 500 -foot intervals. The New Billboards shall measure 38' feet in height. 1.1.16 "Owner" means CALMAT CO., a Delaware corporation dba VULCAN MATERIALS COMPANY, WESTERN DIVISION ("Vulcan") the owner of the Site. 1.1.17 "Project" means the replacement of the four Existing Billboards with four New Billboards and the undergrounding of all utilities consistent with the Development Approvals and this Agreement, including the Scope of Development, Schedule of Performance and all conditions of approval and consistent with the approval from the California Department of Transportation Outdoor Advertising Division. 1.1.18 "Reservation of Authority" means the rights and authority excepted from the assurances and rights provided to Developer under this Agreement and reserved to City under Section 3.6 of this Agreement. 1.1.19 "Site" means that certain real property located in the City of Irwindale, as more specifically described on Exhibit "A " attached hereto and incorporated herein. 1.1.20 "Schedule of Performance" means the Schedule of Performance attached. hereto as Exhibit "D " and incorporated herein. 1.1.21. "Scope of Development" means the Scope of Development attached hereto as Exhibit "B " and incorporated herein. 1.1.22 "Subsequent Land Use Regulations" means any Land Use Regulations effective after the Effective Date of this Agreement (whether adopted prior to or after the Effective Date of this Agreement) which govern development and use of the Billboard Sites: 1.1.23 "Term" shall mean the period of time from the Effective Date until the termination of this Agreement as provided in Section 2.4, unless earlier terminated as provided in this Agreement. 1.2 Exhibits. The following documents are attached to, and by this reference made a part of, this Agreement: Exhibit "A" (Legal Description of Site), Exhibit "B" (Scope of Development), Exhibit "C" (Site Plan and Elevations) and Exhibit "D" (Schedule of Performance). 2. GENERAL PROVISIONS. 2.1 Binding Effect of agreement. From and following the Effective Date, actions by the City, Developer and Owner with respect to the Development of the Billboard Sites, 4 Development Agreement No. 1-05 01005/0018/40720.07 including actions by the City on applications for Subsequent Development Approvals affecting the Billboard Sites, shall be subject to the terms and provisions of this Agreement, provided, however, that nothing in this Agreement shall be deemed or construed (i) to modify or amend the Lease or any of Owner's or Developer's obligations thereunder, or to bind or restrict Owner with respect to its ownership or operation of the Site except as expressly set forth herein with respect to the Billboard Sites, or (ii) to impose any obligation whatsoever on Owner, including without limitation any obligation with respect to the Billboards, the Billboard Sites, the Development or the Project, except as expressly set forth in this Agreement. 2.2 Interest in Site. City, Owner and Developer acknowledge and agree that Owner has a legal or equitable interest in the Site and thus is qualified to enter into and be a party to this Agreement under the Development Agreement Law. Owner, or its nominee(s) or successor(s) or assign(s), shall maintain its legal or equitable ownership in the Site for the entire Term of this Agreement. Additionally, prior to the execution of this Agreement, Developer shall provide the City with a copy of the Lease which demonstrates that Developer has a leasehold interest in the Billboard Sites, which interest shall be maintained for the entire Term of this Agreement. If Developer's leasehold interest is prematurely terminated by Owner then Developer shall have no further obligations under this Agreement, except as provided under Section 4.1. 2.3 No Assignment. Developer may only assign or otherwise transfer this Agreement, or its interest in the Billboard Sites or any part of its interest in the Billboard Sites, to any other person, firm, or entity, upon presentation to the City of an assignment and assumption agreement in a form reasonably acceptable to the City Attorney and receipt of the City's written approval of such assignment or transfer by the City Manager; provided, however, that Developer may, from time to time and one or more times, assign this Agreement, or the Lease, to one or more persons or entities without City approval, but with written notice to the City, as long as Clear Channel Outdoor, Inc., a Delaware corporation, or entities owned or controlled by it have. and maintain at least a twenty percent (25%) ownership interest in such entities who are the assignees or transferees. Any security posted by Developer may be substituted by the assignee or transferee. After a transfer or assignment as permitted by this Section, the City shall look solely to such assignee or transferee for compliance with the provisions of this Agreement which have been assigned or transferred. 2.4 Term of Agreement. Unless earlier terminated as provided in this Agreement, this Agreement shall continue in full force and effect until the earlier of (i) ten (10) years after the Effective Date of this Agreement, or (ii) thirty (30) days after the City notifies Developer in writing that a prospective developer of the Site has submitted to the City either a Grading Plan application or application under the Subdivision Map Act (Government Code §§ 66410, et seq., and Irwindale Municipal Code Title 16, as such provisions may be amended) for any development on the Site for, including but not limited to, commercial, industrial, recreational, or residential uses, which the City, in its discretion, finds conflicts with the Billboards, or (iii) the expiration or earlier termination or "Partial Termination" of the Lease (as defined in the Lease) that applies to the Site. In such case, Developer shall completely remove the Billboards within the times and as provided under Section 4.1 herein. Within thirty (30) days after the expiration or termination of this Agreement, the parties shall execute a written cancellation of this Agreement which shall be recorded with the County Recorder pursuant to Section 9.1 below. 5 Development Agreement No. 1-05 01005/0018/40720.07 2.5 Processing Fee. Within ten days of the execution of this Agreement, Developer shall provide City with a cash payment (`-`Processing Fee") in the amount of Twenty -Five Thousand Dollars ($25,000). The Processing Fee shall be in the form of a non-refundable cashier's check, wire transfer, or other instrument approved by the City's Finance Director. The City shall retain and use the Processing Fee, or any part thereof, for any public purpose within the City's discretion. Upon submission of its application for the entitlements provided under this Agreement, Developer deposited $3,000 toward the payment of the Processing Fee. Developer shall deposit $22,000 within five (5) days of approval by the City Council of this Agreement. The Processing Fee shall be separate from all business license fees (due by Developer to City annually), and one time plan check fee and building permit fee and any other fees imposed by Los Angeles County. 2.6 Development Fee. Developer shall provide City with a monthly cash payment in the amount of One Thousand Seven Hundred Fifty Dollars ($1,750.00) ("Development Fee") per Billboard per month, payable one month in advance and delivered to the City's Finance Director, during the Term. Therefore, the total monthly Development Fee per month for the first year shall be Seven Thousand Dollars ($7,000). The Development Fee shall be increased by three percent (3%) each year on the anniversary of the execution of this Agreement. 2.7 City's Use of the Billboards. Developer shall provide City with the use of one face on each of the four Billboards on the Property for one (1) month each year during the Tenn, at no cost to City for displays aimed at promoting the Agency, City, their facilities, programs, development projects or other attributes, local businesses, or other local entities. The parties agree that City shall have the use of the Billboards in the months of March, June, September, and December for each year during the term, provided the parties may consent in writing to revise such months in any given year of the term. The display shall be planned and designed at City's sole cost, yet produced and installed at the Billboards at Developer's sole cost, in cooperation with the Agency or City. Agency or City shall have sole discretion to approve the display. 2.8 Prohibited Use. Developer acknowledges and agrees that Developer shall not utilize any of the display faces on the Billboards to advertise "gentlemen's clubs,." adult entertainment businesses, sexually oriented materials, or use sexually oriented images or language. 3. DEVELOPMENT OF THE PROPERTY. 3.1 Rights to Develop. Subject to and during the Term of this Agreement, Developer shall have the right to develop the Billboard Sites in accordance with, and to the extent of, the Development Approvals, the Land Use Regulations, and this Agreement, provided that (i) nothing in this Agreement shall be deemed to modify or amend the Lease, and (ii) Developer shall have no greater rights or interest in the Site than was expressly set forth in the Lease. 3.2 Effect of Agreement on Land Use Regulations. Except as otherwise provided under the terms of this Agreement, the rules, regulations and official policies governing permitted uses of the Billboard Sites, the density and intensity of use of the Billboard Sites, the maximum height and size of proposed structures, and the design, improvement and construction. standards and specifications applicable to Development of the Site, and the development impact 6 Development Agreement No. 1-05 01005/0018/40720.07 fees imposed on the Development of the Site, shall be as set forth in the Land Use Regulations which are in full force and effect as of the Effective Date of this Agreement, subject to the terms of this Agreement. 3.3 Development Approvals. Developer shall, at its own expense and before commencement of, demolition, construction, rehabilitation, restoration, revitalization, or development of any buildings, structures, or other work of improvement upon the Billboard Sites, secure or cause to be secured all necessary Development Approvals, which shall include any and all permits and approvals which may be required by City or any other governmental agency or utility affected by such construction, development or work to be performed by Developer pursuant to the Scope of Development, including but not limited to, necessary building permits and all approvals required under the California Environmental Quality Act ("CEQA"). Not by way of limiting the foregoing, in developing and constructing the Project, Developer shall comply with all (1) applicable development standards in City's Municipal Code, (2) necessary NPDES requirements pertaining to the Project, (3) all building codes and, if applicable, (4) landscaping requirements, except as may be permitted through approved variances and modifications. Developer shall not be obligated to commence demolition or construction if any such permit is not issued despite good faith effort by Developer and this Agreement shall be null and void. Developer shall pay all normal and customary fees and charges applicable to such permits, and any fees and charges hereafter imposed by City or Agency in connection with the Development which are standard for and uniformly applied to similar projects in the City. Nothing contained in this Agreement shall be deemed to impose any obligation on Owner with respect to the Development Approvals or the Project. 3.4 Timing of Development; Scope of Development, Developer shall commence the Project within the time set forth in the Schedule of Performance, attached hereto as Exhibit "D. " "Commencement" of the Project is defined herein as commencement of construction or improvements under the building permit for the construction of the New Billboards on the Billboard Sites as soon as possible following removal of the Existing Billboards. In the event that Developer fails to meet the schedule for Commencement of the Project, and after compliance with Section 5.4, either party hereto may terminate this Agreement by delivering written notice to the other party, and, in the event of such termination, neither party shall have any further obligation hereunder. However, if circumstances within the scope of Section 9.10 delay the commencement or completion of the Project it would not constitute grounds for any termination rights found within this Development Agreement. Notwithstanding the above, Developer shall, at all times, comply with all other obligations set forth in this Agreement regarding the construction or improvement of Billboards on the Site. Developer shall also maintain the Billboards at all times during the Term in accordance with the maintenance provisions set forth in Section 3, the Scope of Development, attached as Exhibit "B" herein. The purpose of this Agreement is to set forth the rules and regulations applicable to the Project and Developer's replacement of the Existing Billboards with four New Billboards, which shall be accomplished in accordance with (i) this Agreement, including the Scope of Development which sets forth a description of the Project and the Schedule of Performance, and (ii) the Lease. 7 Development Agreement No. 1-05 01005/0018/40720.07 3.5 Changes and Amendments. Developer may determine that changes to the Development Approvals are appropriate and desirable. In the event Developer makes such a determination, Developer may apply in writing for an amendment to the Development Approvals to effectuate such change(s), provided Developer has obtained Owner's prior written consent to any such change(s). The Parties acknowledge that City shall be permitted to use its sole and absolute discretion in deciding whether to approve or deny any such amendment request; provided, however, that in exercising the foregoing discretion, the City shall not apply a standard different than that used in evaluating requests of other developers. Accordingly, under no circumstance shall City . be obligated in any manner to approve. any amendment to the Development Approvals. The City Manager shall be authorized to approve any non -substantive amendment to the Development Approvals without processing an amendment to this Agreement. All other amendments shall require the approval of the City Council. The parties acknowledge that any extension of the Term for no more than twelve (12) months total is a non -substantive change, which the City Manager, in his or her sole discretion, may approve in writing. 3.6 Reservation of Authority. 3.6.1 Limitations, Reservations and Exceptions. Notwithstanding any other provision of this Agreement, the following Subsequent Land Use Regulations shall apply to the Development of the Billboard Sites: (a) Processing fees and charges of every kind and nature imposed by City to cover the estimated actual costs to City of processing applications for Subsequent Development Approvals or for monitoring compliance with any Subsequent Development Approvals granted or issued. (b) Procedural regulations consistent with this Agreement relating to hearing bodies, petitions, applications, notices, findings, records, hearing, reports, recommendations, appeals and any other matter of procedure. (c) Changes adopted by the International Conference of Building Officials, or other similar body, as part of the then most current versions of the Uniform Building Code, Uniform Fire Code, Uniform Plumbing Code, Uniform Mechanical Code, or National Electrical Code, as adopted by City as Subsequent Land Use Regulations, if adopted prior to the issuance of a building permit for development of the New Billboards on the Billboard Sites. (d) Regulations that may be in conflict with the Development Approvals or this Agreement, but which are materially necessary to protect the public health, safety, and welfare. (e) Regulations that are not in conflict with the Development Approvals or this Agreement. (f) Regulations that are in conflict with the Development Approvals or this Agreement, provided Developer has given written consent to the application of such regulations to Development of the Billboard Sites. 8 Development Agreement No. 1-05 01005/0018/40720.07 (g) Federal, State, County, and multi jurisdictional laws and regulations which City is required to enforce as against the Billboard Sites or the Development of the Billboard Sites. 3.6.2 Future Discretion of City. This Agreement shall not prevent City from denying or conditionally approving any application for a Subsequent Development Approval on the basis of the Land Use Regulations. 3.6.3 Modification or Suspension by Federal, State, County, or Multi - Jurisdictional Law. In the event that federal, State, County, or multi jurisdictional laws or regulations, enacted after the Effective Date of this Agreement, prevent or preclude compliance with one or more of the provisions of this Agreement, such provisions of this Agreement shall be modified or suspended as may be necessary to comply with such federal, State, County, or multi jurisdictional laws or regulations, and this Agreement shall remain in full force and effect to the extent it is not inconsistent with such laws or regulations and to the extent such laws or regulations do not render such remaining provision impractical to enforce. 3.7 Regulation by Other Public Agencies. It is acknowledged by the parties that other public agencies not subject to control by City may possess authority to regulate aspects of the Development of the Billboard Sites as contemplated herein, and this Agreement does not limit the authority of such other public agencies. Developer acknowledges and represents that, in addition to the Land Use Regulations, Developer shall, at all times, comply with all applicable federal, State and local laws and regulations applicable to the Existing Billboards, New Billboards and Billboard Sites. To the extent such other public agencies preclude development or maintenance of the Project, Developer shall not be further obligated under this Agreement except as provided in Section 4.1. 3.8 Public Improvements. Notwithstanding any provision herein to the contrary, the City shall retain the right to condition any subsequent Development Approvals to require Developer to pay any required development fees, and/or to construct the required public infrastructure ("Exactions") at such time as City shall determine subject to the following conditions. 3.8.1 The payment or construction must be to alleviate an impact caused by the Project or be ofbenefit to the Project; and 3.8.2 The timing of the Exaction should be reasonably related to the development of the Project and said public improvements shall be phased to be commensurate with the logical progression of the Project development as well as the reasonable needs of the public. 3.8.3 When Developer is required by this Agreement and/or the Development Approvals to construct any public works facilities which will be dedicated to the City or any other public agency upon completion, Developer shall perform such work in the same manner and subject to the same construction standards as would be applicable to the City or such other public agency should it have undertaken such construction work. 9 Development Agreement No. 1-05 01005/0018/40720.07 3.9 Fees, Taxes and Assessments. During the Term of this Agreement, the City shall not, without the prior written consent of Developer, impose any additional fees, taxes or assessments on all or any portion of the Project, except such fees, taxes and assessments as are described in or required by this Development Agreement and/or the Development Approvals. However, this Development Agreement shall not prohibit the application. of fees, taxes or assessments as follows: 3.9.1 Developer shall be obligated to pay those fees, taxes or City assessments which exist as the Effective Date or are included in the Development Approvals and any increases in same, as provided herein; 3.9.2 Developer shall be obligated to pay any fees or taxes, and increases thereof, imposed on a City-wide basis such as business license fees or taxes, sales or use taxes, utility taxes, and mining taxes; 3.9.3 Developer shall be obligated to pay all fees applicable to a permit application as charged by City at the time such application is filed by Developer; 3.9.4 Developer shall be obligated to pay any future fees or assessments imposed on an area -wide basis, (such landscape and lighting assessments and community services assessments) provided that Developer reserves its right to protest the establishment or amount of any such fees or assessments through the method prescribed by law; . 3.9.5 Developer shall be obligated to pay any fees imposed pursuant to any assessment district established in an area which includes the Project otherwise proposed or consented to by Developer; 3.9.6 Developer shall be obligated to pay any future fees or assessments imposed as a condition of a Development Approval, even it if such Development Approval is processed and approved after the Effective Date; and 3.9.7 Developer shall be obligated to pay any fees imposed pursuant to any Uniform Code. 4. REMOVAL OF BILLBOARDS 4.1 Removal by Developer. Upon the termination of this Agreement, as set forth at Section 6.2.4, and within ninety (90) days of any notice of termination provided under this Agreement or within such earlier time as otherwise provided in the Lease, Developer shall, at its sole cost and expense, completely remove the New Billboards, including, but not limited to, any structure or facility erected or maintained as part of or in relation to the New Billboards, from the Billboard Sites. Removal of the New Billboards shall be in accordance with any applicable federal, State, or local regulations, including regulations of the City, and in accordance with the Lease. Developer shall, at its sole cost and expense, secure any required permit to remove and properly transport the New Billboards from the Billboard Sites, and not store any portion of the removed New Billboards on the Billboard Sites or any other location within the City, except as 10 Development Agreement No. 1-05 01005/0018/40720.07 permitted under the then -applicable laws. Developer hereby waives any rights it may have under federal, State or local laws or other regulations of any kind whatsoever, including, but not limited to, the California Outdoor Advertising Act (Cal. Business and Professions Code §§ 5200, et seq.), to challenge the requirement of this Agreement that Developer remove the New Billboards pursuant to the terms of this Agreement.. 4.2 . City's Right to Removal. Should Developer fail to remove the (1) Existing Billboards within the times and provisions included in the Schedule of Performance or (2) New Billboards within the times and provisions of Section 4.1, City shall be entitled to remove the Billboards and dispose of same and exercise its rights under Section 4.3 below to be reimbursed for such removal. Developer acknowledges and agrees that the City's removal of the Billboards in accordance this Section 4.2 may occur immediately and City shall not be required to comply with Section 5.4 or provide any further notice to Developer upon Developer's failure to comply with Section 4.1 or the Schedule of Performance. Any such removal of the Billboards by City shall not entitle Developer to any damages of any kind whatsoever against the City provided such removal was authorized, and Developer hereby releases the City, its officers, employees, agents or contractors from any claims or liabilities, as defined at Section 7.2.1 below, for any action by the City, its officers, employees, agents or contractors in removing the Billboards. City acknowledges that its rights to enter the Site and remove the Billboards are subject to the execution of a permit to enter in form reasonably acceptable to Owner, as described in Section 5.3 below. 4.3 Bond Requirement. Within the time set forth in the Schedule of Performance, Developer shall secure, and shall maintain throughout the Term, a performance or surety bond ("Bond") .to guarantee and assure the timely and complete performance of its duties under Section 4.1, in an amount not less than Seven Thousand Five Hundred and 00/100 Dollars ($7,500.00) per Billboard, for a total bond of Thirty Thousand and 00/100 ($30,000.00) fully prepaid and renewable for each year of the Term. Developer shall ensure that the bonding company provides the City with notice of non -renewal within ten (10) days prior to its receipt of any notice of non -renewal. The Bond shall name the City as obligee and provide at least thirty (30) days prior notice of any cancellation. Developer shall procure the Bond from underwriters approved by the City Manager, licensed in California, rated not less than "A-7" by A.M. Best Company, Inc. The form of the Bond and the surety are subject to the approval of City's Risk Manager and the City Attorney. A condition of the Bond shall be such that if Developer shall well and truly perform its obligations under Section 4.1, then the obligation of the Bond shall - terminate and be void; otherwise it shall remain in full force and effect. City shall execute and deliver to Developer or Developer's surety company, promptly upon Developer's completion of Developer's obligations under Section 4.1, such certificates or other documents as either of them may reasonably request for the purpose of terminating and canceling the Bond by no later than thirty (30) days after Contractor's completion of its obligations under Section 41. Should City be required to exercise its rights under Section 4.2 due to Developer's failure to comply with Section 4.1, or should Developer fail to pay all costs and expenses of removal of the Billboards as set forth in Section 4.1, City shall be entitled to draw upon the Bond to pay any expenses incurred by City in exercising its rights under Section 4.2. Developer further acknowledges and agrees that, should the amount of the Bond be insufficient to pay for all 11 Development Agreement No. 1-05 01005/0018/40720.07 services required to disassemble, remove and transport the Billboards in accordance with Section 4.1, Developer shall pay City any difference within no more than 10 days following City's delivery of an estimate or an invoice demanding payment for such additional costs. 5. REVIEW FOR COMPLIANCE. 5.1 Annual Review. The City Council shall review this Agreement annually, on or before the anniversary of the Effective Date, to ascertain the good faith compliance by Developer with the terms of the Agreement ("Annual Review"). However, no failure on the part of City to conduct or complete an Annual Review as provided herein shall have any impact on the validity of this Agreement. Developer shall cooperate with the City in the conduct of such any Annual Review. 5.2 Special Review. The City Council may, in its sole and absolute discretion, order a special review of compliance with this Agreement at any time at City's sole cost ("Special Review"). Developer shall cooperate with the City in the conduct of such any Special Review. 5.3 City Rights of Access. Subject to the City's execution of a permit to enter in form reasonably acceptable to Owner, the City, its officers, employees, agents and contractors, shall have the right, at their sole risk and expense, to enter the Billboard Sites at all reasonable times with as little interference as possible for the purpose of conducting the review under this Section 5, inspection, construction, reconstruction, relocation, maintenance, repair or service of any public improvements or public facilities located on the Billboard Sites, or to perform any rights of the City under Section 4.2 above. Any damage or injury to the Site, or to the Billboard Sites or to the improvements constructed thereon resulting from such entry shall be promptly repaired at the sole expense of the City. Notwithstanding the foregoing, or any other provision in this Agreement (including without limitation Section 4.2 above), the City shall have no right whatsoever to enter the Site unless and until the City executes and delivers to Owner a permit to enter in form reasonably acceptable to Owner (except that this provision is not intended to interfere with the City's police powers to address any nuisance, dangerous condition, or other condition pursuant to the City's ordinances). 5.4 Procedure. Each party shall have a reasonable opportunity to assert matters which it believes have not been undertaken in accordance with the Agreement, to explain the basis for such assertion, and to receive from the other party a justification of its position on such matters. If, on the basis of the parties' review of any terms of the Agreement, either party concludes that the other party has not complied in good faith with the terms of the Agreement, then such party may issue a written "Notice of Non -Compliance" specifying the grounds therefore and all facts demonstrating such non-compliance. The City shall deliver to Owner a copy of any Notice of Non -Compliance at the same time such Notice of Non -Compliance is issued to Developer. The party receiving a Notice of Non -Compliance shall have thirty (30) days to cure or remedy the non-compliance identified in the Notice of Non -Compliance, or if such cure or remedy is not reasonably capable of being cured or remedied within such thirty (30) days period, to commence to cure or remedy the non-compliance and to diligently and in good faith prosecute such cure or remedy to completion. If the party receiving the Notice of Non - Compliance does not believe it is out of compliance and contests the Notice, it shall do so by 12 Development Agreement No. 1-05 01005/0018/40720.07 responding in writing to said Notice within thirty (30) days after receipt of the Notice. If the response to the Notice of Non -Compliance has not been received in the offices of the party alleging the non-compliance within the prescribed time period, the Notice of Non -Compliance shall be conclusively presumed to be valid. If a Notice of Non -Compliance is contested, the parties shall, for a period of not less than fifteen (15) days following receipt of the response, seek to arrive at a mutually acceptable resolution of the matter(s) occasioning the Notice. In the event that a cure or remedy is not timely effected or, if the Notice is contested and the parties are not able to arrive at a mutually acceptable resolution of the matter(s) by the end of the fifteen (15) day period, the party alleging the non-compliance may thereupon pursue the remedies provided in Section 6. Neither party hereto shall be deemed in breach if the reason for non-compliance is due to a "force majeure" as defined in, and subject to the provisions of, Section 9.10. 5.5 Certificate of Agreement Compliance. If, at the conclusion of an Annual Review or a Special Review, Developer is found to be in compliance with this Agreement, City shall, upon request by Developer, issue a Certificate of Agreement Compliance ("Certificate") to Developer stating that, after the most recent Annual Review or Special Review, and based upon the information known or made known to the City Manager and City Council, that (1) this Agreement remains in effect and (2) Developer is in compliance. The Certificate, whether issued after an Annual Review or Special Review, shall be in recordable form and shall contain information necessary to communicate constructive record notice of the finding of compliance. .Developer may record the Certificate with the County Recorder. Additionally, Developer may, at any time, request from the City a Certificate stating, in addition to the foregoing, which obligations under this Agreement have been fully satisfied with respect to the Billboard Sites. 6. . DEFAULT AND REMEDIES. 6.1 Specific Performance Available. The parties acknowledge and agree that, other than termination of this Agreement pursuant to Section 6.2, specific performance is the only remedy available for the enforcement of this Agreement and knowingly, intelligently, and willingly waive any and all other remedies otherwise available in law or equity. Accordingly, and not by way of limitation, and except as otherwise provided in this Agreement, neither Developer nor City shall be entitled to any money damages from the other party by reason of any default under this Agreement, other than for back due Development Fees or other fees and charges required to be paid under this Agreement. Further, Developer shall not bring an action against City nor obtain any judgment for damages for a regulatory taking, inverse condemnation, unreasonable exactions, reduction in value of property, delay in undertaking any action, or asserting any other liability for any matter or for any cause which existed or which the Developer knew of or should have known of prior to the time of entering this Agreement, Developer's sole remedies being as specifically provided above. Developer acknowledges that such remedies are adequate to- protect Developer's interest hereunder and the waiver made herein is made in consideration of the obligations assumed by the City hereunder. The Developer's waiver of the right to recover monetary damages shall not apply to any damages or injuries to a third party caused by the City's sole negligence. Notwithstanding the foregoing or any other provision in this Agreement, nothing contained herein shall be deemed to limit any of Owner's rights or remedies against Developer for any default or breach by Developer under the Lease. 13 Development Agreement No. 1-05 01005/0018/40720.07 6.2 Termination of Agreement. 6.2.1 Termination of Agreement for Material Default of Developer. City, in its discretion, may terminate this Agreement for any material failure of Developer to perform any material duty or obligation of Developer hereunder or to comply in good faith with the terms of this Agreement (hereinafter referred to as "default" or "breach"); provided, however, City may terminate this Agreement pursuant to this Section only after following the procedure set forth in Section 5.4. In the event of a termination by City under this Section 6.2.1, Developer acknowledges and agrees that City may retain all fees, including the Processing Fee and the Development Fee, Developer has paid to City prior to the date of such termination. 6.2.2 Termination of Agreement for Material Default of City. Developer, in its discretion, may terminate this Agreement for any material failure of City to perform any material duty or obligation of City hereunder or to comply in good faith with the term of this Agreement; provided, however, Developer may terminate this Agreement pursuant to this Section only after following the procedure set forth in Section 5.4. In addition, Developer may terminate this Agreement if, despite Developer's good faith efforts, it is unable to secure the necessary permits and/or compliance with requirements under laws necessary to effectuate the Project. In the event of a termination by Developer under this Section 6.2.2, Developer acknowledges and agrees that City may retain all fees, including the Processing Fee and the Development Fee, Developer has paid to City prior to the date of such termination. 6.2.3 Rights and Duties Following Termination. Upon the termination of this Agreement, no party shall have any further right or obligation hereunder except with respect to (i) any obligations to have been performed prior to said termination, (ii) any default in the performance of the provisions of this Agreement which has occurred prior to said termination, (iii) Developer's obligation to remove the Billboards pursuant to Section 4.1 or (iv) any continuing obligations to indemnify other parties. 6.2.4 Termination of Agreement Upon Commencement of Development of Site. Notwithstanding any other provision of this Agreement to the contrary, Developer agrees that this Agreement shall automatically terminate as set forth at Section 2.4, 30 days after the City notifies Developer that a prospective developer of the Site has submitted. either a Grading Plan application or application under the Subdivision Map Act to the City, which prospective development the City finds, in its sole discretion, will conflict with the presence of the Billboards, at which time Developer shall remove the Billboards from the Billboard Sites in accordance with Section 4.1 herein. 14 Development Agreement No. 1-05 01005/0018/40720.07 xo.. 7. INSURANCE, INDEMNIFICATION AND WAIVERS. 7.1 Insurance. 7.1.1 Types of Insurance. (a) Liability Insurance. Beginning on the Effective Date hereof and until completion of the Term, Developer shall, at its sole cost and expense, keep or cause to be kept in force for the mutual benefit of City, as additional insured, and Developer comprehensive broad form general liability insurance against claims and liability for personal injury or death arising from the matters Developer has agreed to indemnify City hereunder with respect to its use, occupancy, disuse or condition of the Site, improvements or adjoining areas or ways, 'affected by such use of the Site or for property damage, providing protection of a least One Million Dollars ($1,000,000) for bodily injury or death to any one person, at least Two Million Dollars ($2,000,000) for any one accident or occurrence, and at least One Million Dollars ($1,000,000) for property damage, which limits shall be subject to such increases in amount as City may reasonably require from time to time. (b) Worker's Compensation. Developer shall also furnish or cause to be furnished to City evidence. reasonably satisfactory to it that any contractor with whom Developer has contracted for the performance of any work for which Developer is responsible hereunder carries worker's compensation insurance as required by law. (c) Insurance Policy Form, Sufficiency, Content and Insurer. All insurance required by express provisions hereof shall be carried only by responsible insurance companies licensed to do business by California, rated "A" or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VIII or better. All such policies shall be non -assignable and shall contain language, to the extent obtainable, to the effect that (i) the insurer waives the right of subrogation against City and against City's agents and representatives except as provided in this Section; (ii) the policies are primary and noncontributing with any insurance that may be carried by City, but only with respect to the liabilities assumed by Developer under this agreement; and (iii) the policies cannot be canceled or materially changed except after thirty (30) days' written notice by the insurer to City or City's designated representative. Developer shall furnish City with certificates evidencing the insurance. City shall be named as an additional insured on all liability policies of insurance required to be procured by the terms of this Agreement. In the event the City's Risk Manager determines that the use, activities or condition of the Site, improvements or adjoining areas or ways, affected by the use of the Site under this Agreement creates an increased or decreased risk of loss to the City, Developer agrees that the minimum limits of the insurance policies required by this Section may be changed accordingly upon 15 Development Agreement No. 1-05 01005/0018/40720.07 receipt of written notice from the City's Risk Manager; provided that Developer shall have the right to appeal a determination of increased coverage to the City Council of City within ten (10) days of receipt of notice from the City's Risk Manager. 7.1.2 Failure to Maintain Insurance and Proof of Compliance. Developer shall deliver to City, in the manner required for notices, copies of certificates of all insurance policies required of each policy within the following time limits: (1) For insurance required above, within thirty (3 0) days after the Effective Date or consistent with the requirements of Exhibit "D" (Schedule of Performance), Item No. 8. (2) For any renewal or replacement of a policy already in existence, at least ten (10) days before the expiration or termination of the existing policy or at least ten (10) days after receipt of such renewal or replacement policy. If Developer fails or refuses to procure or maintain insurance as required hereby or fails or refuses to furnish City with required proof that the insurance has been procured and is in force and paid for, after complying with the requirements of Section 5.4, the City may view such failure or refusal shall be a default hereunder. 7.2 Indemnification. 7.2.1 General. Developer shall indemnify the City and Owner, and their respective officers, employees, and agents against, and will hold and save them and each of them harmless from, any and all actions, suits, claims, damages to persons or property, losses, costs, penalties, 'obligations, errors, omissions, or liabilities (herein "claims or liabilities") that may be asserted or claimed by any person, firm, or entity arising out of or in connection with the work, operations, or activities of Developer, its agents, employees, subcontractors, or invitees, hereunder, upon the Site, whether or not there is current passive or active negligence on the part of the City or Owner or any of their respective officers, agents,or employees, and in connection therewith: (a) Developer will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys' fees incurred in connection therewith. (b) Developer will promptly pay any judgment rendered against the City or Owner or their respective officers, agents, or employees for any such claims or liabilities arising out of or in connection with such work, operations, or activities of the Developer hereunder, and Developer agrees to save and hold the City and Owner and their respective officers, agents, and employees harmless therefrom. (c) In the event the City or Owner or any of their respective officers, agents, or employees is made a party to any action or proceeding filed or 16 Development Agreement No. 1-05 01005/0018/40720.07 prosecuted against it . for such damages or other claims arising out of or in connection with the operation or activities of Developer hereunder, Developer agrees to pay the City, its officers, agents, or employees, and Developer also agrees to pay Owner, its officers, agents, or employees, as applicable, any and all reasonable costs and expenses incurred by the City or Owner or any of their respective officers, agents, or employees in such action or proceeding, including by not limited to legal costs including attorneys' fees. 7.2.2 Exceptions. The foregoing indemnity shall not include claims or liabilities arising from the sole or gross negligence or willful misconduct of the City, its officers, agents, or employees, who are directly responsible for the City. 7.2.3 Additional Coverage. Without limiting the generality of the foregoing, Developer's indemnity obligation shall include any liability arising by reason of. (1) Any claim made by any occupant, subtenant, assignee, employee, agent, visitor, invitee, or user of any portion of the Site; (2) Any accident or other occurrence in or on the Site causing injury to any person or property whatsoever; (3) Any failure of Developer to comply with performance of all of the provisions of this Agreement; (4) Developer's failure to prevent any employee or any invitee or any other person from entering upon or remaining in any place upon the Site which is not safe and does not comply with all laws pertaining thereto as they may now or hereafter exist; (5) Any harm, delays, injuries or other damages incurred by any party as a result of any subsurface conditions on the site, including but not limited to, the presence of buried debris, hazardous materials, hydrocarbons, or any form of soil contamination. (a) Loss and Damage. Except as set forth below, City shall not be liable for any damage to property of Developer, Owner or of others located on the Site, nor for the loss of or damage to any property of Developer, Owner or others by theft or otherwise. Except as set forth below, City shall not be liable for any injury or damage to persons or property resulting from fire, explosion, steam, gas, electricity, water, rain, dampness or leaks from any part of the Site or from the pipes or plumbing, or from the street, or from any environmental or soil contamination or hazard, or from any other latent or patent defect in the soil, subsurface or physical condition of the Site, or by any other cause of whatsoever nature. The foregoing two (2) sentences shall not apply (i) to the extent City or its agents, employees, subcontractors, invitees or representatives causes such injury or damage when accessing the Site, or (ii) to the extent covered in any permit to enter executed by the City. 17 Development Agreement No. 1-05 01005/0018/40720.07 (b) Period of Indemnification. The obligations for indemnity under this Section 7.2 shall begin upon the Effective Date and shall survive termination of Development Agreement. 7.3 Waiver of Subrogation. Developer agrees that it shall not make any claim against, or seek to recover from City or its agents, servants, or employees, for any loss or damage to Developer or to any person or property relating to this Project, except as specifically provided hereunder. 8. MORTGAGEE PROTECTION. The parties hereto agree that this Agreement shall not prevent or limit Developer or Owner, in any manner, at Developer's or Owner's sole discretion, from encumbering the Site or any portion thereof or any improvement thereon by any mortgage, deed of trust or other security device securing financing with respect to the Site. City acknowledges that the lenders providing such financing may require certain Agreement interpretations and modifications and City agrees upon request, from time to time, to meet with Developer or Owner and representatives of such lenders to negotiate in good faith any such request for interpretation or modification. Subject to compliance with applicable laws, City will not unreasonably withhold its consent to any such requested interpretation or modification provided City determines such interpretation or modification is consistent with the intent and purposes of this Agreement. Any Mortgagee of the Site shall be entitled to the following rights and privileges: (a) Neither entering into this Agreement nor a breach of this Agreement shall_ defeat, render invalid, diminish or impair the lien of any mortgage on the Site made in good faith and for value, unless otherwise required by law. (b) The Mortgagee of any mortgage or deed of trust encumbering the Site, or any part thereof, which Mortgagee has submitted a request in writing to the City in the manner specified herein for giving notices, shall be entitled to receive written notification from City of any default by Developer in the performance of Developer's obligations under this Agreement. (c) If City timely receives a request from a Mortgagee requesting a copy of any notice of default given to Developer under the terms of this Agreement, City shall make a good faith effort to provide a copy of that notice to the Mortgagee within ten (1.0) days of sending the notice of default to Developer. The Mortgagee shall have the right, but not the obligation, to cure the default during the period that is the longer of (i) the remaining cure period allowed such party under this Agreement, or (ii) sixty (60) days. (d) Any Mortgagee who comes into possession of the Site, or any part thereof, pursuant to foreclosure of the mortgage or deed of trust, or deed in lieu of such foreclosure, shall take the Site, or part thereof, subject to the terms of this Agreement. Notwithstanding any other provision of this Agreement to the �- contrary, no Mortgagee shall have an obligation or duty under this Agreement to 18 Development Agreement No. 1-05 01005/0018/40720.07 perform any of Developer's obligations or other affirmative covenants of Developer hereunder, or to guarantee such performance; except that (i) to the extent that any covenant to be performed by Developer is a condition precedent to the performance of a covenant by City, the performance thereof shall continue to be a condition precedent to City's performance hereunder, and (ii) in the event any Mortgagee seeks to develop or use any portion of the Site acquired by such Mortgagee by foreclosure, deed of trust, or deed in lieu of foreclosure, such Mortgagee shall strictly comply with all of the terms, conditions and requirements of this Agreement and the Development Approvals applicable to the Site or such part thereof so acquired by the Mortgagee. 9. MISCELLANEOUS PROVISIONS. 9.1 Recordation of Agreement. This Agreement shall be recorded with the County Recorder by the City Clerk within 10 days of execution, as required by Government Code Section 65868.5. Amendments approved by the parties, and any cancellation, shall be similarly recorded. 9.2 Entire Agreement. This Agreement sets forth and contains the entire understanding and agreement of the parties with respect to the subject matter set forth herein, and there are no oral or written representations, understandings or ancillary covenants, undertakings or agreements which are not contained or expressly referred to herein. No testimony or evidence of any such representations, understandings or covenants shall be admissible in any proceeding of any kind or nature to interpret or determine the terms or conditions of this Agreement. 9.3 Severability. If any term, provision, covenant or condition of this Agreement shall be determined invalid, void or unenforceable, then this Agreement shall terminate in its entirety, unless the parties otherwise agree in writing, which agreement shall not be unreasonably withheld. 9.4 Interpretation and Governing Law. This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning, to achieve the objectives and purposes of the parties hereto. The rule of construction, to the effect that ambiguities are to be resolved against the drafting party or in favor of the non -drafting party, shall not be employed in interpreting this Agreement, all parties having been represented by counsel in.the negotiation and preparation hereof. 9.5 Section Headings. All section headings and subheadings are inserted for convenience only and shall not affect any construction or interpretation of this Agreement. 9.6 Singular and Plural. As used herein, the singular of any word includes the plural. 9.7 Time of Essence. Time is of the essence in the performance of the provisions of ,.... this Agreement as to which time is an element. 19 Development Agreement No. 1-05 01005/0018/40720.07 9.8 Waiver. Failure of a party to insist upon the strict performance of any of the ,. provisions of this Agreement by the other party, or the failure by a party to exercise its rights upon the default of the other party, shall not constitute a waiver of such party's right to insist and demand strict compliance by the other party with the terms of this Agreement thereafter. 9.9 No Third Party Beneficiaries. This Agreement is made and entered into for the sole protection and benefit for the parties and their successors and assigns. No other person shall have any right of action based upon any provision of this Agreement. 9.10 Force Maj eure. Neither party shall be deemed to be in default where failure or delay in performance of any of its obligations under this Agreement is caused by earthquakes, other acts of God, fires, wars, terrorism, riots or similar hostilities, strikes and other labor difficulties beyond the party's control (including the party's employment force), government regulations, court actions (such as restraining orders or injunctions), or other causes beyond the party's reasonable control. If any such events shall occur, the term of this Agreement and the time for performance shall be extended for the duration of each such event, provided that the term of this Agreement shall not be extended under any circumstances for more than five (5) years. 9.11 Mutual Covenants. The covenants contained herein are mutual covenants and also constitute conditions to the concurrent or subsequent performance by the party benefited thereby of the covenants to be performed hereunder by such benefited party. 9.12 Counterparts. This Agreement may be executed by the parties in counterparts, which counterparts shall be construed together and have the same affect as if all of the parties had executed the same instrument. 9.13 Litigation. Any action at law or in equity arising under this Agreement or brought by any party hereto for the purpose of enforcing, construing or determining the validity of any provision of this Agreement shall be filed and tried in the Superior Court of the County of Los Angeles, State of California, or such other appropriate court in said county. Service of process on City shall be made in accordance with California law. Service of process on Developer shall be made in any manner permitted by California law and shall be effective whether served inside or outside California. In the event of any action between City and Developer seeking enforcement of any of the terms and conditions to this Agreement, the prevailing party in such action shall be awarded, in addition to such relief to which such party is entitled under this Agreement, its reasonable litigation costs and expenses, including without limitation its expert witness fees and reasonable attorneys' fees. 9.14 Covenant Not To Sue. The parties to this Agreement, and each of them, agree that this Agreement and each term hereof is legal, valid, binding, and enforceable. The parties to this Agreement, and each of them, hereby covenant and agree that each of them will not commence, maintain, or prosecute any claim, demand, cause of action, suit, or other proceeding against any other party to this Agreement, in law or in equity, or based on an allegation, or assert in any such action, that this Agreement or any term hereof is void, invalid, or unenforceable, provided, however, that notwithstanding the foregoing or any other provision in this Agreement, -.• the covenant not to commence, maintain or prosecute any claim shall not apply with respect to 20 Development Agreement No. 1-05 01005/0018/40720.07 an Owner's rights under the Lease, and nothing contained herein shall be deemed to limit any of Owner's rights or remedies against Developer for any default or breach by Developer under the Lease. 9.15 Project as a Private Undertaking. It is specifically understood and agreed by and between the parties hereto that the Development of the Project is a private Development, that neither party is acting as the agent of the other in any respect hereunder, and that each party is an independent contracting entity with respect to the terms, covenants and conditions contained in this Agreement. No partnership, joint venture or other association of any kind is formed by this Agreement. The only relationship between City and Developer is that of a government entity regulating the Development of private property, on the one hand, and the holder of a legal or equitable interest in such property on the other hand. City agrees that by its approval of, and entering into, this Agreement, that it is not taking any action which would transform this private Development into a "public work" project, and that nothing herein shall be interpreted to convey upon Developer any benefit which would transform Developer's private project into a public work project, it being understood that this Agreement is entered into by City and Developer upon the exchange of consideration described in this Agreement, including the Recitals to this Agreement which are incorporated into this Agreement and made a part hereof, and that City is receiving by and through this Agreement the full measure of benefit in exchange for the burdens placed on Developer by this Agreement, including but not limited Developer's obligation to provide any public improvement set forth in the Scope of Development. 9.16 Further Actions and Instruments. Each of the parties shall cooperate with and provide reasonable assistance to the other to the extent contemplated hereunder in the performance of all obligations under this Agreement and the satisfaction of the conditions of this Agreement. -Upon the request of either party at any time, the other party shall promptly execute, with acknowledgment or affidavit if reasonably required, and file or record such required instruments and writings and take any actions as may be reasonably necessary under the terms of this Agreement to carry out the intent and to fulfill the provisions of this Agreement or to evidence or consummate the transactions contemplated by this Agreement. 9.17 Eminent Domain. No provision of this Agreement shall be construed to limit or restrict the exercise by City of its power of eminent domain. 9.18 Amendments in Writing/Cooperation. This Agreement may be amended only by written consent of both parties specifically approving the amendment and in accordance with the Government Code provisions for the amendment of Development Agreements. The parties shall cooperate in good faith with respect to any amendment proposed in order to clarify the intent and application of this Agreement, and shall treat any such proposal on its own merits, and not as a basis for the introduction of unrelated matters. Minor, non -material modifications may be approved by the City Manager upon approval by the City Attorney. 9.19 Corporate Authority. The person(s) executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party, if not an individual, is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement such party is formally bound to the 21 Development Agreement No. 1-05 01005/0018/40720.07 provisions of this Agreement, and (iv) the entering into this Agreement does - not violate any provision of any other agreement to which such party is bound. 9.20 Notices. All notices under this Agreement shall be effective when delivered by (i) personal delivery, or (ii) reputable same-day or overnight courier or messenger service, (iii) overnight United States Postal Service Express Mail, postage prepaid, or (iv) by United States Postal Service mail, registered or certified, postage prepaid; and addressed to the respective parties as set forth below or as to such other address as the parties may from time to time designate in writing: To City: City of Irwindale 5050 North Irwindale Avenue Irwindale, CA 91706 Attn: City Clerk With Copy to: Aleshire & Wynder, LLP 18881 Von Karman Ave., #400 Irvine, CA 92612 Attn: Fred Galante, Esq. To Developer: CLEAR CHANNEL OUTDOOR, INC. 19320 Harborgate Way Los Angeles, California 90501 Attn: Real Estate Manager With Copy to: CLEAR CHANNEL OUTDOOR, INC. 2850 E. Camelback Road, Suite 300 Phoenix, Arizona 85016 Attn: Martin Felli / Debra Sirower To Owner: CALMAT CO., dba VULCAN MATERIALS COMPANY, WESTERN DIVISION 3200 San Fernando Road Los Angeles, CA 90065 Attn: Legal Department 9.21 Nonliability of City Officials. No officer, official, member, employee, agent, or representatives of City shall be liable for any amounts due hereunder, and no judgment or execution thereon entered in any action hereon shall be personally enforced against any such officer, official, member, employee, agent, or representative. 9.22 No Brokers. City and Developer represent and warrant to the other that neither has employed any broker and/or finder to represent its interest in this transaction. Each party agrees to indemnify and hold the other free and harmless from and against any and all liability, loss, cost, or expense (including court costs and reasonable attorneys' fees) in any manner connected with a claim asserted by any individual or entity for any commission or finder's fee in 22 Development Agreement No. 1-05 01005/0018/40720.07 connection with this Agreement or arising out of agreements by the indemnifying party to pay any commission or finder's fee. 9.23 No Amendment of Lease. Nothing contained in this Agreement shall be deemed to amend or modify any of the terms or provisions of the Lease. Nothing contained in this Agreement shall constitute or be deemed to constitute a limit on any of Developer's obligations under the Lease, or any of Owner's rights or remedies against Developer under the Lease. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first set forth above. City: CITY OF IRWINDALE By jayo4rZ::::Z ATTE By Clerk 23 Development Agreement No. 1-05 01005/0018/40720.07 Owner: CALMAT CO., a Delaware corporation dba VULC&MATELS COMPANY,WESTER By: [end of signatures] . 24 Development Agreement No. 1-05 01005/0018/40720.07 . STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) % On , 2006, before me, -r personally known to me or roved o me on the basis personally appeared �1� �-ra»m p Y ( p of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. Witness my hand and official seal. BARBARA DARE Notary Public Commission # 1470082 *,.m -Notary Public - California � [SEAL] Loa Angeles County My Comm. Expires Feb 16, 2008 STATE OF CALIFORNIA ) ss COUNTY OF LOS ANGELES On Avp',l 27 , 2006, before me, personally appeared s, {�►6g �'� personally known to me (or prove to me on e bass of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. Witness my hand and official seal. [SEAL]BARBARA DARE "�- Commission # 1470082 Z , •� S Notary Public - California + Los Angeles County 4* ' My Comm. Expires Feb 16, 2008 JILM— Development Agreement No. 1-05 01005/001814020.07 Notary Public 25 ACKNOWLEDGEMENT State of CALIFORNIA )ss. County of LOS ANGELES On June 19, 2006 before me, Karen Shields Clark, Notary Public, personally appeared Brian W. Ferris and Jeffrey L. McCormick personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature• . My Commission Number is 1447934. My Commission Expires October 28, 2007. KAREN SHIELDS CLARK _ Commission # 1447934 Notary Public - California Los Angeles County My Comm. Expkes Oct 28,200 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) On 2006, before me, A h I rn bf`� r4,0f-OJ ► 1� C, personally appeared 14 4n A o fq . r Ad -4- personally known to me m„4-:_111i111.11rg') to be the person whose name issubscribed to the within instrument and acknowledged to me that the executed the same in authorized capacity, and that by signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. Witness my hand and official seal. tom► J. 10MBo Gomn�aion #-16! 174b H0ftXV Pie - Caf 0MIC �►CQt1N�l. AIOW �4. STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ' ) r ��ary Public [SEAL] On , 2006, before me, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person or the entity upon behalf of which the person acted, executed the instrument. Witness my hand and official seal. [SEAL] Development Agreement No. 1-05 oiOMOOM40720.07 Notary Public 25 Those portions of land lying within the City of Irwindale, County -of Los Angeles, State of California, being that portion of Parcel 23 of Parcel Map 16600, as per. map filed. in book 1.842 pages 83 through 91 of Parcel Maps, in the office of the County Recorder of said County, described as a whole as follows: A strip of land, 50 feet in width, lying southerly. southeasterly, and easterly of the west line of said Parcel 23. The most northerly point of said west line being a point on the north line of said Parcel 23, said line shown as having a bearing of "N88°58'53"E" on said Parcel Map. The most southerly point of said west line being a point on the south line of said Parcel 23; said line shown as having a bearing of "N80103'59"W" on said Parcel Map. The no lines of said strip of land to be lengthened or shortened so as to terminate in the north line of said Parcel 23 of said Parcel Map, said line shown as having a bearing of "N88°58'53"E" on said Parcel Map. The southerly lines of said strip of land to be lengthened or shortened so as to terminate' in the south line of said Parcel 23 of said Parcel Map, said line shown as having a bearing of "N80°03'59"W" on said Parcel Map. Containing 5.409 acres of land, more or less Subject to conditions, covenants, rights, restrictions, easements, licenses, permits, leases -and - rights -of -way of record, if any All as shown on EXHIBIT" A-,. attached hereto and by this reference made a part hereof. Prepared by me or under my direction: , rN p� Alan D. Frank, PLS 7172 Expires 12/31/2007 a: o EXP.12-37-07 ani Y 4?F CAL' EXHIBIT B SCOPE OF DEVELOPMENT Developer and City agree that the Development shall be undertaken in accordance with the terms of the Agreement, which include the following: 1. The Project. Developer shall replace the four Existing Billboards on the Site with four New Billboards in accordance with the terms of this Agreement. The Existing Billboards consist of four (4), 35' tall, "poster" size freeway -oriented billboards with a total of eight (8) faces (each face measuring 12' x 25') and replace them with the New Billboards. The New Billboards consist of four (4), 38' tall, "bulletin" size freeway -oriented billboards with a total of eight (8) faces (each face measuring 14' x 48') and shall be spaced at approximately 500 -foot intervals. All utilities necessary for the New Billboards shall be undergrounded and the Billboard Sites shall be maintained in accordance with the conditions at Paragraph 3 below. 2. Building Fees. Developer shall pay all applicable City building fees, as described at Section 2.5 of this Agreement, at the time that a building permit is issued for the installation of the New Billboards on the Billboard Sites. 3. Maintenance Agreement. Developer, for itself and its successors and assigns, hereby covenants and agrees to be responsible for the following: (a) Maintenance and repair of the Billboards, including but not limited to, the displays installed upon the Billboards, and all related on-site improvements, easements, rights: -of -way and, if applicable, landscaping thereon, at its sole cost and expense, including, without limitation, buildings, poles, lighting, signs and walls, in good repair, free of rubbish, debris and other hazards to persons using the same, and in accordance with all applicable laws, rules, ordinances and regulations of all federal, State, and local bodies and agencies having jurisdiction over the Site. Such maintenance and repair shall include, but not be limited to, the following: (i) sweeping and trash removal; (ii) the care and replacement of all shrubbery, plantings, and other landscaping in a healthy condition; (iii) the ongoing maintenance by the Developer of the access road to the billboards to minimize` dust; and (iv) the repair, replacement and repainting of the Billboard structures and displays as necessary to maintain the Billboards in good condition and repair. (b) Maintenance of the Billboard Sites in such a manner as to avoid the reasonable determination of a duly authorized official of the City that a public nuisance has been created by the absence of adequate maintenance such as to be detrimental to the public health, safety or general welfare or that such a condition of deterioration or disrepair causes appreciable harm or is materially detrimental to property or improvements within one thousand (1,000) feet of the Billboard Sites. B-2 Development Agreement No. 1-05 01005/0018/40720.07 i 4. Other Rights of City. In the event of any violation or threatened violation of any of the provisions of this Exhibit `B," then in addition to, but not in lieu of, any of the rights or remedies the City may have to enforce the provisions of this Agreement, the City shall have the right, after complying with Section 5.4 of this Agreement, (i) to enforce the provisions hereof by undertaking any maintenance or repairs required by Developer under Paragraph 3 above (subject to the execution of a permit to enter in form reasonably acceptable to Owner) and charging Developer for any costs incurred in performing same, and (ii) to withhold or revoke, after giving written notice of said violation, any building permits, occupancy permits, certificates of occupancy, business licenses and similar matters or approvals pertaining to the Billboard Sites or any part thereof or interests therein as to the violating person or one threatening violation. 5. No City Liability. The granting of a right of enforcement to the City does not create a mandatory duty on the part of the City to enforce any provision of this Agreement. The failure of the City to enforce this Agreement shall not give rise to a cause of action on the part of any person. No officer or employee of the City shall be personally liable to the Developer, its successors, transferees or assigns, for any default or breach by the City under this Agreement. 6. Conditions of Approval. The following additional conditions shall apply to the installation of the New Billboards, which New Billboards shall conform to all applicable provisions of the Irwindale Municipal Code (IMC) and the following conditions, in a manner subject to the approval of the Director of Planning: (a) A building permit will be required, structural calculations shall e prepared by a licensed civil engineer and approved by the City Engineer. (b) The four New Billboards shall be located in the same portion of the Site as the four Existing Billboards, and shall be of the dimensions described in Section 1, above. (c) The size of the sign faces of each New Billboard shall not exceed a maximum area of 850 square feet and shall not to exceed a maximum height of 38 feet, and shall be spaced at intervals that are no less than 500' as depicted in the Site Plan and Elevations at Exhibit "C" approved by the City as part of the Development Approvals. (d) Plans and specifications for the proposed removal of the Existing Billboards and the installation of the New Billboards, including plans for the undergrounding of all utilities, shall be submitted to Owner and to the City Planning and Building Departments for plan check and approval prior to the issuance of building permits. (e) Prior to the approval of the final inspection, all applicable conditions of approval and all mandatory improvements shall be completed to the reasonable satisfaction of the City and Owner. W Development Agreement No. 1-05 01005/0018/40720.07 (f) Developer shall maintain the Billboard Sites and use thereof in full ...W..,, compliance with all codes, standards, policies and regulations imposed by the City, County, State or federal agencies with jurisdiction over the facilities. (g) Developer shall, at all time, comply with the approval for the New Billboards from the California Department of Transportation Outdoor Advertising Division and shall maintain acceptable clearance between proposed billboards and Southern California Edison distribution lines. (h) The Developer shall pay any and all fees due to any public agency prior to the final issuance of the building permits. (i) The activities proposed in this Agreement shall be operated completely upon the Billboard Sites and shall not use or encroach on any public right-of-way. 0) Developer shall- ensure that all access to the Existing and New Billboards is kept restricted to the general public to the extent permitted under local laws. (k) Developer shall maintain all existing landscaping, including an automatic irrigation system, within 250 feet of the Existing and New Billboards, in good form throughout the Term of this Agreement. In addition to its maintenance requirements under Paragraph 3 above, if any portion of the landscape provided for the Billboard Sites becomes in need of replacement, the Developer shall ensure that the replacement is accomplished within fourteen (14) days of notification by the City, unless such time is extended by the City's Planning Director if Developer shows unusual circumstances requiring more time to accomplish such replacement. Developer or Owner may trim such landscaping so as not to block the Billboards. (1) Developer shall underground all utilities installed in connection with the New Billboards. (m) Developer shall comply with all necessary NPDES requirements pertaining to the proposed use, to the extent applicable. (n) All graffiti shall be adequately and completely removed or painted over within 48 hours of such graffiti being affixed on any structure or fence at the Billboard Sites. Development Agreement No. 1-05 01005/0018140720.07 MI EXHIBIT C DEPICTION OF BILLBOARD SITES [see following page] C-1 01005/0018/40720A 01005/0018/40720.07 i SEXIRBITITE It it It I _-- • , ��1 1 l g� �S'�g--,�,, i ; • ��, moo, 1 G=�ixn 1 fl Zt Cal CD OCA, n -00 O In t i { I Z p' 1 i`- 1 , i 1 l } ` t 1 , t t �, � I •1 1 m m� M-4 r OS L1• ;, , 1 It O'— ' 1 1 1 i,l 1 1 1 • m ,p c I' 1 t It ' m G) •'� 1 I I 11 � i CD' �� j Z 1 i 1 1 1 l Ory ZZ Z O f�1t 5 1 1 i 4 i C i om 1'' dm o a > t 1 , ' ' 1 (j i o0 5z. I , 1 • p" r i � 1 F 1 1 � • 1 1 , 1 ` 1 It I 1. i o , 9p LZ 1 m m f D �X O n0'1� ! � i', m• � So O MZ, Z O mr 1 `0 1I i 1 i 1 , , !1!f 1 oR f H EXHIBIT D SCHEDULE OF PERFORMANCE ITEM OF PERFORMANCE TIME FOR REFERENCE PERFORMANCE 1. Developer executes and delivers February 1, 2006 Recitals Agreement to City 2. City's Planning Commission holds January 5, 2006 Recitals public hearing and recommends approval of Agreement and Conditions of Approval 3. City's City Council holds hearings Within 60 days of item no. Recitals to approve Agreement and first and 2 above second reading of Ordinance 5. Developer to provide copy of Lease Completed 2.2 and CalTrans approval to City 6. Developer prepares and submits to Within 120 days of the 3.4 City working drawings and approval by City of this specifications and City commences Agreement approval process 7. City to approve construction drawings and specifications Within 30 days from their submittal by Applicant 3.4 8. Developer to submit proof of Prior to commencing any 7.1.2 insurance to City inspections and work on the Project 9. Developer to submit proof of bond Before approval by City 4.3 to City of this Agreement 10. Developer to obtain all necessary Within 30 days of plan 3.4 permits and commence the check approval by City replacement of the Billboards 11. Developer to complete the Billboard replacement work Within 12 months of the date of execution of this 3.4 Agreement by City D-1 0 1 005/00 1 8/40720v3 01005/0018/40720.07 It is understood that this Schedule of Performance is subject to all of the terms and conditions of the text of the Agreement. The summary of the items of performance in this Schedule of Performance is not intended to supersede or modify the more complete description in the text; in the event of any conflict or inconsistency between this Schedule of Performance and the text of the Agreement, the text shall govern. The time periods set forth in this Schedule of Performancemay be altered or amended only by written agreement signed by both the Developer and the City. Notwithstanding any extension of the Term in the manner described in, and subject to the provisions of, Section 3.5, the City Manager shall have the authority to approve extensions of time set forth in this Schedule of Performance without action of the City Council not to exceed a cumulative total of 180 days. D-2 01005/0018/407200 01005/0018/40720.07