ORD 470U URGENCY ORDINANCE NO. 470U
AN ORDINANCE OF THE CITY OF RANCHO PALOS VERDES
APPROVING AMENDMENT NO. 4 TO THE TRUMP NATIONAL
DEVELOPMENT AGREEMENT, WHICH EXTENDS THE
DEVELOPMENT AGREEMENT FROM MARCH 9, 2008
THROUGH JULY 18, 2008, AND DECLARING THE URGENCY
THEREOF
WHEREAS, California Government Code Section 65864 et seq. authorizes cities
to enter into development agreements with private property owners; and
WHEREAS, the Rancho Palos Verdes City Council (the "City Council") previously
adopted Ordinance No. 328 approving that certain Development Agreement (the "Development
Agreement") by and between the City of Rancho Palos Verdes (the "City") and Palos Verdes
Land Holdings Company, L.P., a California limited partnership, and the Zuckerman Entities (as
defined in the Development Agreement), dated as of November 20, 1997, and recorded on
December 8, 1997, as Instrument No. 97-1929840 in the Official Records of Los Angeles
County, California; and
WHEREAS, pursuant to Government Code Section 65868, development
agreements may be amended; and
WHEREAS, the City Council previously approved an Amendment to Ocean Trails
Development Agreement (the "First Amendment"), by and between the City and Ocean Trails,
L.P., the successor in interest to Palos Verdes Land Holdings Company, L.P. and the
Zuckerman Entities, on September 18, 2001, and recorded on December 3, 2001 as Instrument
No. 01-2301342 in the Official Records of Los Angeles County, California. Additionally, the City
Council previously approved a second Amendment to the Ocean Trails Development
Agreement (the "Second Amendment"), by and between the City and VH Property Corp., a
Delaware corporation, on March 4, 2003, and recorded as Instrument No. 03-1139102.
Furthermore, the City Council previously approved a third Amendment to the Ocean Trails
Agreement (the "Third Amendment") by and between the City and VH Property Corp., a
Delaware corporation, on November 20, 2007. The Development Agreement, First
Amendment, Second Amendment and Third Amendments are sometimes referred to collectively
herein as the "Agreement"; and
WHEREAS, VH Property Corp. ("Developer") is the successor in interest to
Ocean Trails, L.P; and
WHEREAS, the parties wish to extend the life of the Development Agreement
from March 9, 2008 through July 18, 2008; and
WHEREAS, the City Council conducted a duly noticed public hearing on March
4, 2008, at which time all interested parties were given an opportunity to be heard and present
evidence regarding the proposed Fourth Amendment.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DOES HEREBY ORDAIN AS FOLLOWS:
Section 1. The proposed Fourth Amendment to the Development Agreement
makes a minor amendment to the Development Agreement to extend its life from March 9, 2008
through July 18, 2008. This minor change to the Development Agreement does not make any
physical change to the Project or to the conditions of approval that were imposed on the Project
and conforms to the maps and policies of the City's General Plan. Accordingly, the revision to
the Development Agreement is consistent with all applicable provisions of the General Plan.
Section 2. The proposed Fourth Amendment to the Development Agreement
complies with the requirements of California Government Code Sections 65865 through
65869.5.
Section 3. The proposed Fourth Amendment to the Development Agreement
will not be detrimental, or cause adverse effects, to adjacent property owners, residents, or the
general public, since the project will be constructed in accordance with the plans that were
approved previously by the City Council, including any amendments to the plans that have been
approved previously by the City Council.
Section 4. The proposed Fourth Amendment to the Development Agreement
does not alter the clear and substantial benefit to the residents of the City of the Project, since
the proposed amendment makes no substantive changes to the Project or to the Development
Agreement.
Section 5. During the ten-year term of the Development Agreement a major
landslide occurred on the property that is subject to the Development Agreement. The landslide
delayed completion of the project for several years while the landslide was being studied and
repaired. In addition, two additional landslides on the property caused geologic concerns
regarding the completion of the portion of the project that is within Tentative Tract Map No.
50666. The geologic issues were not easily resolved and required a panel of three experts to
be retained by the City, as requested by the Developer. Some of these issues still need to be
Ordinance No. 470U
Page 2 of 4
resolved before the development of the project can be completed. The failure to resolve these
geologic issues in a satisfactory manner could result in additional land failures on the site, which
could have an immediate and adverse impact upon the public health, safety and welfare. If the
Development Agreement is not extended to July 18, 2008, the parties will not be able to revise
its terms before it expires. This ordinance, therefore, is necessary for the immediate protection
of the public health, safety and welfare and shall take effect immediately upon adoption as an
urgency ordinance.
Section 6. For the foregoing reasons, and based on the information
contained in the staff reports, supporting documentation, minutes and other records of the
proceedings, all of which are incorporated herein by this reference, the City Council hereby
approves the proposed Fourth Amendment to the Development Agreement with VH Property
Corp... which amendment is attached hereto as Exhibit "A" and incorporated herein by this
reference.
Section 7. The City Clerk shall cause this Urgency Ordinance to be posted in
three (3) public places in the City within fifteen (15) days after its passage, in accordance with
the provisions of Section 36933 of the Government Code. The City Clerk shall further certify to
the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification,
together with proof of posting, to be entered in the Book of Ordinances of the Council of this
City.
Section 8. This Ordinance shall go into effect and be in full force and effect
immediately upon its passage. This ordinance is effective until 11:59 p.m. on July 18, 2008,
unless further extended by the City Council by the adoption of another ordinance.
PASSED, APPROVED and ADOPTED this 4th day of March 2008.
•
At&
May r
ATTEST:
1, 16, /,
City Clerk
Ordinance No. 470U
Page 3 of 4
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
CITY OF RANCHO PALOS VERDES )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, do hereb ' certify that
the whole number of members of the City Council of said City is five; that the foregoin,
Ordinance No. 470U was duly and regularly adopted by the City Council of said City a a reguir
meeting thereof held on March 4, 2008, and that the same was passed and adopted by the
following roll call vote:
AYES: Clark, Gardiner, Long, Wolowicz, and Mayor Stern
NOES: None
ABSENT: None
ABSTAIN: None
L'71 i-Wah
City Clerk
Ordinance No. 470U
Page 4 of 4
RECORDING REQUESTED BY AND
RECORDED T 0WHEN RECD D RE TURN TO.CITY CLERK
CITY OF ECHO PALOS VERDES
30940 Hawthorne Boulevard
Rancho Palos Verdes,CA 90275-5391
AMENDMENT NO.4 TO TRUMP NATIONAL DEVELOPMENT AGREEMENT
(Pursuant to California Government Code Section 65868)
THIS AMENDMENT NO. 4 TO TRUMP NATIONAL DEVELOPMENT
AGREEMENT("Fourth Amendment")is entered into this 4th day of March 2008 by and
between VH Property Corp., a Delaware corporation("Developer"), and the City of Rancho
Palos Verdes, a municipal corporation organized under the laws of the State of California(the
"City").
RECITALS
A. Palos Verdes Land Holdings Company,L.P., a California limited partnership,and
the Zuckerman Entities(as defined in the Agreement), as predecessors in interest
to Developer, and City entered into that certain Development Agreement(the
"Original Agreement")dated as of November 20, 1997,and recorded on
December 8, 1997, as Instrument No. 97-1929840 in the Official Records of Los
Angeles County, California,as amended by that certain Amendment to Ocean
Trails Development Agreement(the"First Amendment"),dated as of September
18,2001,and recorded on December 3,2001 as Instrument No. 01-2301342 in
the Official Records of Los Angeles County,California,and as further amended
by that certain Amendment No. 2 to Ocean Trails Development Agreement(the
"Second Amendment"),dated as of March 4,2003,and recorded as Instrument
No. 03-1139102 in the Official Records of Los Angeles County,California,and
as further amended by that certain Amendment No. 3 to the Ocean Trails
Development Agreement(the"Third Amendment"),approved on November 20,
2007(referred to collectively with the Original Agreement, as the"Agreement"),
pursuant to which Developer has certain vested rights to develop that certain real
property described and/or depicted on Exhibit A attached hereto(the"Property").
Except as expressly stated to the contrary, all capitalized terms set forth herein
shall have the same meaning as set forth in the Agreement.
B. City previously approved Tentative Tract Map No. 50666 and Tentative Tract
Map No. 50667 regarding the Property and subsequently approved certain
amendments thereto.
O0580461.5
Ordinance No.470U
Exhibit A
Page 1 of 4
C. Final Tract Map No. 50667 was previously recorded as Instrument No. 99-
1934089 in the Office of the County Recorder of Los Angeles County, California,
on October 12, 1999.
D. Both parties wish to extend the Development Agreement to July 18,2008.
E. On March 4,2008,the City Council of City adopted Urgency Ordinance No.
470U, approving this Fourth Amendment.Developer and City desire to amend the
Agreement to reflect the foregoing.
AGREEMENT
NOW,THEREFORE,in consideration of the foregoing recitals, and the mutual
promises and agreements contained herein,and for other good and valuable consideration,the
receipt and sufficiency of which is hereby acknowledged,it is agreed as follows:
1. Section 7 of the Agreement,entitled Term,is hereby amended by adding
new paragraph 7.2 to the end of that Section 7 to read as follows:
"7.2 Extension of Development Agreement. This Development
Agreement is hereby extended from March 9,2007 through July 18,2008. Vesting Tentative
Tract Map No. 50666 is hereby extended along with the term of this Development Agreement."
2. Full Force. Except as specifically set forth herein,the Agreement shall
remain in full force and effect.
3. Counterparts. This Fourth Amendment may be executed in one or more
counterparts, each of which shall be deemed an original,but all of which shall constitute one and
the same instrument. A facsimile signature shall be deemed an original signature.
4. Authority. The persons executing this Fourth Amendment on behalf of
Developer and City represent and warrant that they are duly authorized so as to fully and legally
bind Developer and City,respectively.
2
Ordinance No.470U
Exhibit A
Page 2 of 4
IN WITNESS WHEREOF,this Fourth Amendment is executed as of the date first
written above.
"DEVELOPER":
VH PROPERTY CORP.,
a Delaware corporation
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Title: 117 .P pareeo i
By: a At,i�l'`r
Name: :TIM �•, �
Title:tel:: dirrAffirlfreM) #* (
t
THE"C
CITY OF ' ' OP' k I S I DES
By:
Mayor
AT !ST:
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City Clerk
3
Ordinance No.470U
Exhibit A
Page 3 of 4
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State of California •
County I
Cou y of A / f.• ,..�
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before me,
O , - ' (Insert Name of N.tart'f\a, dna-6
Public and Ti e)
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personally app ea .
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who proved to me on the bas satisfactory e vidence to be the p ers' w ose
namte is 4-subscribed to the within instrument and acknowledged to me that
he/she • e xecuted the same in his/he heir authorized .capacit ies , and that by .
his/her ,' -eir i g nature• on the instrument the persot or the entity upon behalf of
which the pers.isp acted, executed the instrument. .
I certify under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and official seal. • - tsolon"1"
leitriz4���;•r'� teary Pubic-C�ornia
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• � tSeal} VI, --*�, A Court S Ig n atUr. �1 My Comm Expires Apr Z.
Ordinance No.470U
Exhibit A
Page 4 of 4
RANCHO
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS AFFIDAVIT OF POSTING
CITY OF RANCHO PALOS VERDES)
The undersigned, being first duly sworn, deposes and says:
That at all times herein mentioned, she was and now is the appointed City Clerk
of the City of Rancho Palos Verdes;
That on March 7, 2008, she caused to be posted the following document
entitled: City of Rancho Palos Verdes, Ordinance No. 470U, a copy of which
is attached hereto, in the following locations:
City Hall Ladera Linda Community Center
30940 Hawthorne Blvd. 32201 Forrestal Drive
Rancho Palos Verdes Rancho Palos Verdes
Hesse Park
29301 Hawthorne Blvd.
Rancho Palos Verdes
I certify under penalty of perjury that the foregoing is a true and correct affidavit
of posting.
442,_C-Thkit,eetic___
City Clerk
W:\FORMS\Form 150-Affidavit of Posting Ordinance No.470U.doc