RES 02107 - Laserfiche WebLink

EXHIBIT F The City shall provide the following to John and Denva Jordan: 1. Compensation, at fair market value, for loss of their existing home, site improvements, and infrastructure, with compensation negotiated between the parties based on appraisals commissioned by each party. Such appraisals shall be updated approximately three months prior to close of escrow. Compensation for the home, as well as the Jordan's share of the $662,500 set forth in section l(b) of the MOU, shall be paid within fifteen (15) days of City Council award of a construction contract for the golf course, so long as the Jordans have executed and placed all necessary documents into escrow to accomplish the properly transfers required by the MOU. 2. Relocation expenses for up to 18 months, with additional relocation expenses provided if delays result due to the lack of availability of City-built infrastructure and/or weather. Relocation expenses shall include: (a) rental of a comparable size home (if a smaller home then storage expenses for excess personal property); (b) rental of storage space for recreational vehicle if the vehicle cannot be accommodated on rental property; and (c) moving expenses from existing home to rental home, and rental home to new home on reserved lot. At the election of the Jordan's, this amount may be paid as a lump sum. 3. The City will process a Planned Unit Development Plan for the Residential Property and a municipal golf course. The Jordans will reserve a one acre lot on the clubhouse drive for their homesite. 4. Service lines from the nearest public road to the property line of the Jordan's reserved lot for water and sanitary sewer. 5. Picket-style wrought iron fence, six feet in height, around the reserved parcel. 6. The City shall provide street improvements and utilities across the frontage of the Jordan's reserved lot. 7. The City will exempt the replacement home to be built on the reserved lot from the lower income housing fee, Tri-Valley transportation fee, public facilities fee, traffic impact fee, and park in-lieu fee. The City will exempt the replacement home to be built on the reserved lot from building permit fees and school impact fees equal to the current fees charged for a 2940 square foot home. If the replacement home is larger than 2940 square feet, the Jordans will pay the difference in building permit fees and school impact fees between the current value of the fees for their existing 2940 square foot home and the actual fees for