ITEM 4. 8
CITY MANAGER' S REPORT
JULY 13, 2026 CITY COUNCIL REGULAR MEETING
ITEM: APPROVE REPLACEMENT OF THE SOUTH LATHROP
COMMERCE CENTER BONDS ASSOCIATED WITH THE
SUBDIVISION IMPROVEMENT AGREEMENT FOR
PARCEL MAP 17- 01 AND FIRST AMENDMENT TO THE
SUBDIVISION IMPROVEMENT AGREEMENT FOR
PARCEL MAP 17- 01
RECOMMENDATION: Adopt Resolution to Approve Replacement of the South Lathrop Commerce Center Bonds Associated
with the Subdivision Improvement Agreement for
Parcel Map 17- 01 and Approve the First Amendment
to the Subdivision Improvement Agreement for
Parcel Map 17- 01 to Designate PRIII CHI Tripoint
Logistics Center Owner, LLC as the Responsible Party
and Extend the Deadline for Completion of the
Remaining Public Improvements
SUMMARY:
PRIII CHI Tripoint Logistics Center Owner, LLC ( Tripoint), the current property owner of the undeveloped lots within the South Lathrop Commerce Center ( SLCC) Project, has requested that the City release the existing replacement Performance Bond and Labor & Materials Bond currently securing the remaining public improvements under the Subdivision Improvement Agreement ( SIA) for Parcel Map ( PM) 17- 01, dated September 10, 2018, and accept new bonds reflecting the cost of the remaining SIA improvements. An exhibit of the remaining areas to improve is included as Attachment " B" and an updated engineer' s estimate of the remaining improvements is included as Attachment " C".
The off -site improvements associated with Parcel 3 of PM 17- 01 (Building 2) are secured under a separate active encroachment permit and are not included in the scope of the new SIA bonds. The new SIA bonds guarantee the remaining public improvements for all other parcels within PM 17- 01.
A First Amendment to the SIA is necessary to reflect the transfer of property ownership to Tripoint and to ensure compliance with the California Subdivision Map Act, which requires that the current property owner be formally added as a responsible party. The amendment also provides an updated deadline for completion of the remaining public improvements consistent with the current construction schedule, and fully releases the former owner, South Lathrop Land, LLC, from any and all further obligations under the SIA following the transfer of the property and remaining obligations to Tripoint.
CITY MANAGER' S REPORT PAGE 2
JULY 13, 2026 CITY COUNCIL REGULAR MEETING
APPROVE REPLACEMENT OF THE SOUTH LATHROP COMMERCE CENTER
BONDS ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 AND FIRST AMENDMENT TO THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01
Staff recommends that City Council approve the release of the existing replacement bonds associated with the SIA for PM 17- 01 and replace them with new bonds provided by Tripoint and approve the First Amendment to the SIA for PM 17- 01 to:
1) extend the deadline for completion of the remaining public improvements; and 2) designate Tripoint as the responsible party under the SIA consistent with the California Subdivision Map Act; and ( 3) fully release South Lathrop Land, LLC from all further obligations under the SIA.
BACKGROUND:
On July 20, 2015, the South Lathrop Specific Plan ( SLSP) was adopted by City Council and annexed into the City of Lathrop on June 14, 2016. The SLSP annexation includes a 99 -acre portion of the Lathrop Gateway Business Park Specific Plan and encompasses a 315 -acre area that includes commercial office uses, limited industrial uses, and open space.
On April 18, 2016, City Council approved SLCC Vesting Tentative Parcel Map ( VTM) No. 15- 94 with Conditions of Approval ( COAs) for development consistent with the SLSP. The SLCC Project is generally located at the southeast portion of the City limits bounded by State Route 120 to the north, San Joaquin River to the west, and the Union Pacific Railroad to the south.
On January 13, 2020, City Council accepted various offsite improvements from South Lathrop Land, LLC ( SLL) that were constructed in accordance with the SIA and Development Agreement ( DA), including backbone infrastructure improvements, a regional outfall structure, a storm drain pump station, a sanitary sewer pump station, a traffic signal, and highway interchange improvements. On September 12, 2022, Council accepted the landscape improvements from SLL associated with the SIA. On June 10, 2024, City Council accepted additional landscape improvements from SLL associated with Encroachment Permit ( EP) 23- 156 that were constructed in accordance with the SIA.
On August 12, 2024, City Council approved the release of the original SIA bonds for PM 17- 01 and accepted replacement bonds provided by SLL that reflect the cost of the then - remaining public improvements, as shown in Table 1. The replacement bonds remain in place until all remaining improvements, as detailed in the SIA, are accepted by Council. Those replacement bonds are now proposed to be released and replaced as described herein.
The property has since transferred ownership to PRIII CHI Tripoint Logistics Center Owner, LLC. In connection with this transfer and the updated scope of remaining improvements, Tripoint has requested that the existing replacement bonds be released and replaced with new bonds sized to reflect the current engineer' sestimate of the remaining SIA- required public improvements.
CITY MANAGER' SREPORT PAGE 3
JULY 13, 2026 CITY COUNCIL REGULAR MEETING
APPROVE REPLACEMENT OF THE SOUTH LATHROP COMMERCE CENTER
BONDS ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 AND FIRST AMENDMENT TO THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01
The off -site improvements associated with Parcel 3 of PM 17- 01 (Building 2) are not included in the scope of the new SIA bonds. Those improvements are currently under active construction and are secured under a separate encroachment permit performance bond in an amount equal
estimate for that work, consistent with the
to 120°/ 0
Lathrop
of
Municipal
the City -approved
Code. The
engineer' s
new SIA
bonds guarantee the remaining public improvements associated with all other parcels within PM 17- 01.
The existing replacement bonds and the proposed new bonds are detailed in Table 1 below:
Table 1
Existing
Replacement
Performance
Bond
Existing
Replacement
Labor and
Material Bond
New
Performance
Bond
New Labor and
Material Bond
CIC1945299
1, 454, 383
CIC1945303
727, 191. 50
CIC1945399
928, 105. 00
CIC1945399
464, 052. 50
The new Performance Bond will be in an amount equal to 100% of the City -approved engineer' s estimate for the remaining SIA public improvements ( excluding the off - site improvements for Parcel 3 of PM 17- 01 (Building 2)), and the new Labor and Materials Bond will be in an amount equal to 50% of the new Performance Bond amount, consistent with the California Subdivision Map Act and the City' s standard SIA requirements.
In addition to the bond replacement, Staff recommends that Council approve a First Amendment to the SIA for PM 17- 01 that will: (1) extend the deadline for completion of the remaining SIA public improvements to December 31, 2030; and ( 2) designate PRIII CHI Tripoint Logistics Center Owner, LLC as the responsible party under the SIA in accordance with the California Subdivision Map Act; and ( 3) fully release South Lathrop Land, LLC from any and all further obligations under the SIA as of the effective date of the First Amendment. The new SIA bonds will remain in place until all remaining SIA improvements, as defined in the SIA and this First Amendment, are accepted by Council. All remaining public improvements shall be completed and accepted by City Council on or before the extended deadline of December 31, 2030, unless an Extension of the Completion Deadline is granted by the City Engineer.
Under the First Amendment, Tripoint may request such an extension by submitting a written request to the City Engineer, together with reasonable documentation demonstrating that Tripoint is using commercially reasonable efforts to complete the remaining SIA improvements, which the City Engineer will review in determining whether to grant the extension.
CITY MANAGER' S REPORT PAGE 4
JULY 13, 2026 CITY COUNCIL REGULAR MEETING
APPROVE REPLACEMENT OF THE SOUTH LATHROP COMMERCE CENTER
BONDS ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 AND FIRST AMENDMENT TO THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- O1
REASON FOR RECOMMENDATION:
Staff requests Council approve the release of the existing replacement bonds provided with the SIA for PM 17- 01 and their replacement with new bonds provided by Tripoint and approve the First Amendment to the SIA to extend the deadline for completion of remaining improvements and designate Tripoint as the responsible party, and release South Lathrop Land, LLC from further obligations under the SIA.
FISCAL IMPACT:
None. All City staff time and costs associated with preparing, processing, and implementing this matter have been paid for and will continue to be paid for by the developer.
ATTACHMENTS:
A. Resolution to Approve Replacement of the South Lathrop Commerce Center Bonds Associated with the Subdivision Improvement Agreement for Parcel Map 17- 01 and Approve the First Amendment to the Subdivision Improvement Agreement for Parcel Map 17- 01 to Designate PRIII CHI Tripoint Logistics Center Owner, LLC as the Responsible Party and Extend the Deadline for Completion of the Remaining Public Improvements B. Exhibit of the remaining areas to improve in SLCC
C. Engineer' sEstimate of Remaining SIA Improvements for Parcel Map 17- 01 D. First Amendment to the Subdivision Improvement Agreement for Parcel Map 17- 01
Bellal Nabizadah
Assistant Engineer
CITY MANAGER' SREPORT PAGE 5
JULY 13, 2026 CITY COUNCIL REGULAR MEETING
APPROVE REPLACEMENT OF THE SOUTH LATHROP COMMERCE CENTER
BONDS ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 AND FIRST AMENDMENT TO THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01
APPROVALS:
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Date
7// xe2
Bradafaylor Date
Public Works Director / City Engineer
Cari Jam
Finance rector
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Date
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Thomas Hedegard Date
Deputy City Manager
7•/• ZoZL
Michael King Date
Assistant City Manager
Salvador Navarrete Date
City Attorney
Z- es•Ca)
Steph i J. Salvatore Date
City Manager
RESOLUTION NO. 26-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LATHROP TO
APPROVE REPLACEMENT OF THE SOUTH LATHROP COMMERCE CENTER
BONDS ASSOCIATED WITH THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 AND APPROVE THE FIRST AMENDMENT TO THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01 TO
DESIGNATE PRIII CHI TRIPOINT LOGISTICS CENTER OWNER, LLC AS THE
RESPONSIBLE PARTY AND EXTEND THE DEADLINE FOR COMPLETION OF THE
REMAINING PUBLIC IMPROVEMENTS
WHEREAS, on July 20, 2015, the South Lathrop Specific Plan ( SLSP) was adopted by City Council and annexed into the City of Lathrop on June 14, 2016. The SLSP annexation includes a 99 -acre portion of the Lathrop Gateway Business Park Specific Plan and encompasses a 315 -acre area that includes commercial office uses, limited industrial uses, and open space; and
WHEREAS, on April 18, 2016, City Council approved South Lathrop Commerce Center ( SLCC) Vesting Tentative Parcel Map ( VTM) No. 15- 94 with Conditions of Approval ( COAs) for development consistent with the SLSP. The SLCC Project is generally located at the southeast portion of the City limits bounded by State Route 120 to the north, San Joaquin River to the west, and the Union Pacific Railroad to the south; and
WHEREAS, on January 13, 2020, City Council accepted various offsite improvements from South Lathrop Land, LLC ( SLL) that were constructed in accordance with their Development Agreement ( DA) and Subdivision Improvement Agreement ( SIA) for Parcel Map ( PM) 17- 01, including backbone infrastructure improvements, a regional outfall structure, a storm drain pump station, a sanitary sewer pump station, a traffic signal, and highway interchange improvements; and WHEREAS, on September 12, 2022, Council accepted the landscape improvements from SLL associated with their SIA. On June 10, 2024, City Council accepted additional landscape improvements from SLL associated with Encroachment Permit ( EP) 23- 156 that were constructed in accordance with their SIA; and WHEREAS, on August 12, 2024, City Council approved the release of the original SIA bonds for PM 17- 01 and accepted replacement bonds provided by SLL reflecting the cost of the then -remaining public improvements. The existing replacement Performance Bond ( No. CIC1945299, $ 1, 454, 383) and Labor and Material Bond ( No. CIC1945303, $727, 191. 50) have remained in place to guarantee the remaining incomplete improvements and are now proposed to be released and replaced as described herein; and
WHEREAS, the property associated with PM 17- 01 has since transferred ownership to PRIII CHI Tripoint Logistics Center Owner, LLC ( Tripoint). In connection with this transfer and the updated scope of remaining improvements, Tripoint has requested that the existing replacement bonds be released and replaced with new bonds sized to reflect the current engineer' s estimate of the remaining SIA- required public improvements. As the current property owner, Tripoint is responsible for completing the remaining public improvements required under the SIA, and SLL has consented to the transfer of all remaining SIA obligations to Tripoint and to its full and formal release from the SIA upon execution of the First Amendment; and WHEREAS, the off -site improvements associated with Parcel 3 of PM 17- 01 Building 2) are not included in the scope of the new SIA bonds. Those improvements are currently under active construction and are secured under a separate encroachment permit performance bond in an amount equal to 120% of the City - approved engineer' s estimate for that work, consistent with the Lathrop Municipal Code. The new SIA bonds guarantee the remaining public improvements associated with all other parcels within PM 17- 01; and
WHEREAS, the new Performance Bond shall be in an amount equal to 100% of the City -approved engineer' s estimate for the remaining SIA public improvements excluding the off -site improvements for Parcel 3 of PM 17- 01 / Building 2), and the new Labor and Materials Bond shall be in an amount equal to 50% of the new Performance Bond amount, consistent with the California Subdivision Map Act and the City' s standard SIA requirements, as detailed in Table 1 below:
Table 1
Existing
Replacement
Performance
Bond
Existing
Replacement
Labor and
Material Bond
New
Performance
Bond
New Labor and
Material Bond
CIC1945299
1, 454, 383
CIC1945303
727, 191. 50
CIC1945399
928, 105. 00
CIC1945399
464, 052. 50
and
WHEREAS, a First Amendment to the SIA for PM 17- 01 is necessary to: (1) extend the deadline for completion of the remaining SIA public improvements to December 31, 2030; and ( 2) designate PRIII CHI Tripoint Logistics Center Owner, LLC as the responsible party under the SIA in accordance with the California Subdivision Map Act; and ( 3) fully release South Lathrop Land, LLC from any and all further obligations under the SIA as of the effective date of the First Amendment; and
WHEREAS, under the First Amendment, all remaining public improvements shall be completed and accepted by City Council on or before December 31, 2030, unless an Extension of the Completion Deadline is granted by the City Engineer, and Tripoint may request such an extension by submitting a written request to the City Engineer, together with reasonable documentation demonstrating that Tripoint is using commercially reasonable efforts to complete the remaining SIA improvements, which the City Engineer shall review in determining whether to grant the extension; and
WHEREAS, staff requests Council approve the release of the existing replacement bonds provided with the SIA for PM 17- 01 and their replacement with new bonds provided by Tripoint, and approve the First Amendment to the SIA.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lathrop that it approves and accepts the following actions:
1. The release of the existing replacement Performance Bond ( No. CIC1945299) and Labor and Material Bond ( No. CIC1945303) associated with the SIA for PM 17- 01 is hereby approved, and the new Performance Bond and Labor and Material Bond provided by Tripoint in the amounts set forth in Table 1 above are hereby accepted. The new bonds shall remain in place until all remaining SIA improvements are accepted by Council.
2. The First Amendment to the Subdivision Improvement Agreement for Parcel Map 17- 01, in substantially the form attached to the July 13, 2026 City Manager' sReport, is hereby approved. The First Amendment: ( 1) extends the deadline for completion of the remaining SIA public improvements to December 31, 2030; (2) designates PRIII CHI Tripoint Logistics Center Owner, LLC as the responsible party under the SIA in accordance with the California Subdivision Map Act; and ( 3) fully releases South Lathrop Land, LLC from any and all further obligations under the SIA as of its effective date.
3. The City Engineer is authorized to grant Extensions of the Completion Deadline beyond December 31, 2030, upon a written request from Tripoint accompanied by reasonable documentation demonstrating that Tripoint is using commercially reasonable efforts to complete the remaining SIA improvements, as provided in the First Amendment.
4. The City Manager, or their designee, is authorized to execute the First Amendment to the Subdivision Improvement Agreement for Parcel Map 17- 01, substantially
Report that accompanied
in the form
this
included
Resolution
as Attachment
and take
D
all
to
actions
the City
necessary
Manager' s
to
implement this Resolution.
PASSED AND ADOPTED by the City Council of the City of Lathrop this 13th day of July 2026 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Paul Akinjo, Mayor
ATTEST: APPROVED AS TO FORM:
Teresa Vargas, City Clerk Salvador Navarrete, City Attorney Pua
EL
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BUILDING a
5'
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S/ W -
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ATTACHMENT
25223. 010
4/ 29/026
JBM
REMAINING BACKBONE INFRASTRUCTURE ENGINEER' SESTIMATE
SOUTH LATHROP COMMERCE CENTER
City of Lathrop, California
PM 17- 01
Based on approved Improvement Plans and landscape plans prepared by MacKay & Somps and Ridge Landscape Architects
ITEM QUANTITY UNIT DESCRIPTION UNIT PRICE AMOUNT
A. CONCRETE WORK
1. 9, 155 SF 5' Concrete Sidewalk ( 6" Concrete) including ramps 7. 50 $ 68,60
2. 23,49 SF 8' Concrete Sidewalk ( 6" Concrete) including ramps 7. 50 $ 174, 370 ESTIMATED TOTAL CONCRETE WORK:
B. MISCELLANEOUS CONSTRUCTION
1. 61, 928 SF Street Landscape
ESTIMATED TOTAL MISC. CONSTRUCTION:
SUMMARY
B CONCRETE WORK
F MISCELLANEOUS CONSTRUCTION
ESTIMATED TOTAL CONSTRUCTION COST:
CONTINGENCIES @10%
TOTAL REMAINING COST
243, 00
9. 70 $ 600, 72
600, 72
243, 00
600, 72
843, 72
84, 373
928, 105
25223. 010
4/ 29/026
JBM
NOTES
1. This estimate is prepared as a guide only and is subject to possible change. It has been prepared to a standard of accuracy which, to the best of our knowledge and judgment, is sufficient to satisfy our understanding of the purposes of this estimate. MacKay & Somps makes no warranty, either expressed or implied, as to the accuracy of this estimate.
It is assumed that all improvements will be installed with one phase of construction. Building in two or
2. several phases will increase this cost slightly.
Costs presented herein are based on bids received from Teichert ( sidewalk, dated 10/ 6/ 2021) and Grover
3. Landscape Services, Inc. dated 11// 2019. No provision has been made for inflation Prepared by the firm of
MACKAY & SOMPS
Attachment
11 FIRST AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL MAP 17- 01
This First Amendment to Subdivision Improvement Agreement for Parcel Map 17- 01 First Amendment") is made and entered into this day of , 2026 Effective Date") by and between the City of Lathrop, a municipal corporation of the State of California (" City"); South Lathrop Land, LLC, a California limited liability company (" SLL"); and PRIII CHI Tripoint Logistics Center Owner, LLC, a Delaware limited liability company Tripoint"). City, SLL, and Tripoint may be collectively referred to herein as the " Parties" or individually as a " Party."
RECITALS
A. The City and SLL entered into the Subdivision Improvement Agreement for Parcel Map 17- 01 ("SIA") on September 10, 2018, to secure the construction of certain public improvements required in connection with Parcel Map 17- 01 for the South Lathrop Commerce Center (" SLCC") Project.
B. On January 13, 2020, City Council accepted various offsite improvements constructed by SLL in accordance with the SIA and Development Agreement ( DA), including backbone infrastructure improvements ( new public streets, sidewalks, storm drain system, sewer water infrastructure and electrical/ fiber/ cable infrastructure), a regional outfall structure,
satisfaction ofthe linear park obligation, a storm drain pump station, a sanitary sewer pump station, a traffic signal, and highway interchange improvements.
C. On September 12, 2022, City Council accepted landscape improvements from SLL associated with the SIA. On June 10, 2024, City Council accepted additional landscape improvements from SLL associated with Encroachment Permit ( EP) 23- 156 constructed in accordance with the SIA.
D. On August 12, 2024, City Council approved the release of the original SIA bonds and accepted replacement bonds provided by SLL reflecting the cost of the then -remaining public improvements: Performance Bond No. CIC1945299 in the amount of $1, 454, 383 and Labor and Material Bond No. CIC1945303 in the amount of $727, 191. 50. Those replacement bonds are now proposed to be released and replaced as described herein.
E. The remaining undeveloped vacant property associated with Parcel Map 17- 01 has since transferred ownership to PRIII CHI Tripoint Logistics Center Owner, LLC. As the current property owner, Tripoint is responsible for completing the remaining public improvements required under the SIA.
F. The off -site improvements associated with Parcel 3 of Parcel Map 17- 01 (Building 2) are currently under active construction and are secured under a separate encroachment permit performance bond in an amount equal to 120% of the City -approved engineer' s estimate for that work, consistent with the Lathrop Municipal Code. The remaining SIA public improvements associated with all other parcels within Parcel Map 17- 01 will be guaranteed by the new SIA bonds described herein.
1 G. Tripoint has requested that the existing replacement bonds be released and replaced with new bonds sized to reflect the current engineer' s estimate of the remaining SIA- required public improvements, excluding the off -site improvements for Parcel 3 of Parcel Map 17- 01 Building 2).
H. Tripoint has also requested that the former owner of the property, SLL, be removed from any further obligations under the SIA as Tripoint has purchased the property from SLL and SLL no longer has any involvement in the property. SLL hereby consents to the transfer of all remaining SIA obligations to Tripoint and agrees to be fully and formally released from the SIA upon execution of this First Amendment.
I. The Parties wish to amend the SIA as set forth herein.
THEREFORE, City, SLL, and Tripoint agree to amend the SIA as follows:
AMENDMENT
1. Addition of Responsible Party. PRIII CHI Tripoint Logistics Center Owner, LLC is hereby added as a responsible party under the SIA for Parcel Map 17- 01 and assumes all obligations of the developer under the SIA with respect to the remaining public improvements, consistent with the California Subdivision Map Act. South Lathrop Land, LLC is hereby fully and formally released from any and all further obligations under the SIA as of the Effective Date of this First Amendment.
2. Extension of Completion Deadline. The deadline for completion of the remaining public improvements required under the SIA is hereby extended to December 31, 2030. All remaining public improvements shall be completed and accepted by City Council on or before this date, unless the City Engineer grants an Extension of the Completion Deadline in writing. Tripoint shall provide a written request to the City Engineer including reasonable documentation that Tripoint is using commercially reasonable efforts to complete the remainder of the SIA improvements, which the City Engineer shall review as the basis for determining whether to grant the Extension. Any appeal of the City Engineer' sdecision shall be filed in writing within 30 days of the City Engineer' sdecision and shall be heard by City Council or an approved hearing officer, whose decision shall be final.
3. Replacement of Existing Bonds. The existing replacement Performance Bond ( No.
CIC1945299) and Labor and Material Bond (No. CIC1945303) are hereby released and replaced with new bonds provided by Tripoint as follows: (a) a new Performance Bond No. CIC1945399 in the amount of $928, 105. 00, equal to 100% of the City -approved engineer' s estimate for the remaining SIA public improvements ( excluding the off -site improvements for Parcel 3 of Parcel Map 17- 01 (Building 2)); and ( b) a new Labor and Materials Bond No. CIC1945399 in the amount of $464, 052. 50, equal to 50% ofthe new Performance Bond amount, consistent with the California Subdivision Map Act and the City' sstandard SIA requirements. The new bonds shall remain in place until all remaining SIA improvements are accepted by City Council. The off -site improvements associated with Parcel 3 of Parcel Map 17- 01 (Building 2) are not included in the scope of the new SIA bonds and are secured under a separate encroachment permit performance bond consistent with the Lathrop Municipal Code.
2 4. Remaining Obligations. The City acknowledges and agrees that Tripoint has constructed and completed all of the obligations under the SIA with the exception ofthe remaining improvements as follows:
A. Public Sidewalks. Tripoint shall complete the balance of the public sidewalks that remain to be constructed on the undeveloped parcels in widths and locations as shown and outlined on the attached master site plan, Exhibit " A".
B. Public Landscape. Tripoint shall complete the balance of the public landscape that remains to be constructed on the undeveloped parcels.
5. No Other Changes. All other terms, conditions, covenants, obligations, and agreements in the SIA shall remain in full force and effect without any change due to this First Amendment. Except as specifically set forth herein, the SIA shall remain in full force and effect in accordance with its terms. To the extent this First Amendment is inconsistent with the SIA, this First Amendment shall govern and control.
3 IN WITNESS WHEREOF, the Parties have executed this First Amendment as of the last date shown opposite their signatures.
CITY: ORIGINAL DEVELOPER:
CITY OF LATHROP, a California South Lathrop Land, LLC, a California municipal corporation limited liability company
By:
Stephen J. Salvatore
City Manager
ATTEST:
City Clerk of and for the City of Lathrop,
State of California
By:
Teresa Vargas
City Clerk
APPROVED AS TO FORM:
By:
Salvador Navarrete
City Attorney
By:
Name:
Title:
Date:
SUCCESSOR OWNER /
REPLACEMENT RESPONSIBLE
PARTY:
PRIII CHI Tripoint Logistics Center
Owner, LLC, a Delaware limited liability
company
By:
Name:
Title: _
Date:
4 JI
cy> Il1-.
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LEGEND IIII
EXISTING
S/ W -
89,18
SF
En
BUILDING 2
S/ W -
17, 036
SF
El
FUTURE
5'
S/ W -
9, 155
SF
MI
FUTURE
8'
S/ W -
23,49
SF
TRI
st
ra
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INTENTIONALLY
BLANK