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HACIENDA BUSINESS PARK MAINTENANCE AGREEMENT MAY 1988
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HACIENDA BUSINESS PARK MAINTENANCE AGREEMENT MAY 1988
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
5/1/1988
LONG TERM AGREEMENTS - NAME
HACIENDA BUSINESS PARK
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
PHASE II MAINTENANCE
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3.5 Term of Maintenance Obligations. The Association's <br />obligations under Section 3.1 through 3.4 inclusive <br />shall commence upon the later of (i) the date of this <br />agreement, or (ii) the date upon which the City Council <br />of the City accepts ownership of the street <br />improvements and other public improvements and shall <br />continue throughout the term of this agreement, unless <br />terminated as provided in Section 6.3. <br />ARTICLE 4 <br />MAINTENANCE OF STREETS <br />The Association shall pay to the City an amount equal to the <br />estimated cost, as reasonably determined in good faith by the <br />City Engineer, of the maintenance of all public streets within <br />Hacienda Business Park Phase II for a period of three (3) years <br />commencing seven years from the date of the City's acceptance of <br />the public streets within Hacienda Business Park Phase II. The <br />Association and the City agree that such estimated maintenance <br />cost is One Hundred Twenty-Three Thousand Two Hundred Seven and <br />no/100ths Dollars ($123,207.00). The Association shall pay said <br />amount in three (3) equal annual installments of Forty-One <br />Thousand Sixty-Nine and no/100ths Dollars (41,069.00), each <br />installment being due and payable on December 30 of each year, <br />commencing on December 30, 1996 and continuing until December 30, <br />1998. The payment of said installments shall satisfy all <br />requirements of maintenance of streets for Hacienda Business Park <br />Phase II as per Condition of Approval 9, Ordinance 1325. <br />ARTICLE 5 <br />PERMISSION TO ENTER <br />The City hereby grants to the Association and its agents, <br />employees, and contractors permission to enter upon any real <br />property within the areas described in Sections 1.1, 2.1, and 3.1 <br />through 3.4 owned by the City or for which the City has been <br />granted a public service easement or temporary landscape <br />easement, for the purposes of performing any maintenance required <br />under Sections 1.2, 2.2, and 3.1 through 3.4, provided that any <br />and all contractors employed by the Association to perform any <br />maintenance required under Sections 1.2, 2.2, and Article 3 must <br />obtain an encroachment permit from the City, which the City shall <br />issue without charge to such contractor or to the Association. <br />9 <br />
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