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PLEASE RECORD AND WHEN RECORDED
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2e844 Haun Road
Attn: City Attorney
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LEGADO
DEVELOPMENT AGREEMENT
This Development Agreement ( hereinafte r " Agreement") isentered into on {* / rOrO, by and between the CITY OF MENIFEE ( hereinafter " CITY'), a municipal corporation of the State of California, and BLC FLEMING LLC, a Delaware limited liability company ( hereinafter,, DEVELOPER").
RECITALS
A. DEVELOPER owns all of the real property described on Exhibit A and depicted on Exhibit B, consisting of approximately 331 acres of land area located in the City of Menifee, County of Riverside, State of California, more particularly described in the legal description attached hereto as Exhibit A (" Property").
B. The Planning and Zoning approvals for the Project on the Property obtained prior to the Effective Date of this Agreement ( collectively, the" Development Approvals") include but are not limited to the following:
i. Legado Specific Plan ( No. 2017- 187) (" Specific Plan"). Establishes a specific land use plan, designation of planning areas, development standards, architectural design guidelines and landscape design guidelines for development of a maximum of 1, 061 dwelling units and up to 225, 000 square feet of freeway- oriented commercial uses, with twenty- two ( 22) Planning Areas, 12. 9 acres of community park, 7. 9 acres of linear and pocket parks, and additional features and amenities on the Property, adopted by the City Council of the City of Menifee (" City Council") on dr$ t n, ? OfDand provides the required contents of a Development Plan in compliance with Government Code section65865. 2. ii. Change of Zone ( No. 2017- 188). Changes the zoning classification on the Property from " Fleming Ranch Specific Plan Zone" to " Legado Specific
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EXHIBIT A
Legal Description of the Property
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EXHIBIT C
Development Plan
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Exhibit C
Development Plan
The Development Plan under the Agreement is the plan for the Development1 of the Property, as set forth in and regulated by the Development Approvals, planning and zoning standards, regulations, applicable conditions of approval, and criteria for the Development of the Property, all as contained in the following:
2 1. The Menifee General Plan
2. Legado Specific Plan ( No. 2017- 187), which establishes a specific land use plan, designation of planning areas, development standards, architectural design guidelines and landscape design guidelines for development of a maximum of 1, 061 dwelling units and up to 225, 000 square feet of freeway- oriented commercial uses, with twenty- two ( 22) Planning Areas, 12. 9 acres of community park, 7. 9 acres of linear and pocket parks, and additional features and amenities on the Property
3. Title 9, Planning and Zoning, of the Menifee Municipal Code, as amended by Change of Zone No. 2017- 188, which changes the zoning classification on the Property from “ Fleming Ranch Specific Plan Zone” to “ Legado Specific Plan Zone” to reflect the adopted Legado Specific Plan.
4. Menifee Municipal Code Chapter 8. 26, Grading Regulations
5. Title 7, Subdivisions, of the Menifee Municipal Code
6. The Design Guidelines of the City of Menifee, adopted by the Menifee City Council on April 15, 2020.
7. Tentative Tract Map No. 37408, which proposes a subdivision of approximately 149. 6 gross acres into 475 single- family residential lots and __ lots for open space, park, landscape, monumentation, drainage, and storm drain purposes with single- family residential lots with minimum lot sizes ( depending on Specific Plan Planning Area) of between 5, 000 square feet and 7, 000 square feet.
8. Tentative Tract Map No. 37409, which proposes a subdivision of approximately 159. 1 gross acres into 547 single- family residential lots and __ lots for park, landscape, monumentation, drainage, and storm drain purposes, with single- family 1 All capitalized terms used in this Exhibit C shall have the meaning assigned to those terms in the Legado Development Agreement, to which this Exhibit C is attached. 2 Under Section 3. 2 of the Agreement, except as otherwise provided in the Agreement, those portions of the items listed on Exhibit C that govern permitted uses of the Property, the density and intensity of use of the Property, the maximum height and size of proposed buildings, and the design, improvement and construction standards and specifications applicable to Development of the Property, shall govern the Development of the Property. 916/ 031858- 0003
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residential lots with minimum lot sizes ( depending on Specific Plan Planning Area) of 5, 000 square feet and 7, 000 square feet.
9. Tentative Tract Map No. 37391. Proposes a large- lot subdivision of the Property’ s approximately 331. 01 gross acres into twenty- six ( 26) parcels for park, commercial, roadway, and financing purposes, including one 12. 9 acre community park.
10. The Mitigation Measures identified in Exhibit D.
11. All other ordinances, resolutions, codes, rules, regulations, CITY adopted plans including, but not limited to, trail plans and park master plans) and official policies of CITY adopted and effective on or before the Effective Date governing Development and use of land, including, without limitation, the permitted use of land, the density or intensity of use, subdivision requirements, the maximum height and size of proposed buildings, 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 Property.
12. Variances, conditional use permits, master plans, public use permits, and plot plans that constitute Subsequent Development Approvals.
COMPLETE COPIES OF THE DEVELOPMENT PLAN ARE ON FILE
WITH THE CITY CLERK.
LEGADO - VTTM 37408 & 37409
Circulation Facilities - Calculation of Developer ExcessContributions in Development Agreement Segment/ Intersection From : To Project Cost 1,6 Subtotal Project Cost A - Total Project Cost
B - Percent
Allocated to
DIF 1
C - Circulation
DIF Allocation
A x B)
D - Project
Residential
Circulation DIF
Credit 4
E - Other Project
Residential
Circulation DIF
Reimbursed (C - D)7
F - Other Project
Nonresidential
DIFReimbursed 5
G - Developer Excess
Contributions
A - D - E - F)
Encanto Drive 2
Hotel to RouseRd. $ 1,305,500
RouseRoad Encanto Dr. to Myles Ct.$ 549,275
RouseRoad Myles Ct. to Dawson Rd.$ 1,955,000
RouseRoad Dawson Rd. to Antelope Rd.$ 1,731,375
Antelope Road 3
Chambers Ave. to RouseRd. $ 1,306,300
Chambers Avenue Encanto Dr. to School $ 1,715,625
Chambers Avenue Schoolto Sherman Rd.$ 549,875
Chambers Avenue Sherman Rd. to Chatham Ln.$ 1,249,700
Chambers Avenue Chatham Ln. to Antelope Rd.$ 726,750
Sherman Road Chambers Ave. to RouseRd.$ 3,196,750
Encanto Dr./ RouseRd. N/A $ 350,000
Encanto Dr./ Chambers Ave. N/A $ 350,000
Sherman Rd./RouseRd. N/A $ 350,000
Sherman Rd./Chambers Ave. N/A $ 350,000
Reimbursable Circulation Facilities Project Total (D + E + F) Notes:
1. From City of Menifee Development Impact Fee Study Update (DIFSU)Table 5.3: Traffic Project List & Table 5.4: Traffic SignalProject List
2. Basedon 45% of construction cost due to shorter segment length than what is included in DIFSUTable 5.3.
3. Basedon 26% of construction cost due to half width construction and shorter segment length than what is included in DIFSUTable 5.3.
4. Basedon DIFSUCirculation Facilities Impact Fee of $4,670 per SingleFamily Dwelling x 1,022 Units, Nonresidential Feeswere not included. Actual credit will be determined by then applicable fees and total number of project dwelling units
5. Basedon DIFSUCirculation Facilities Impact Fee of $7,736 per 1,000sf x 225,000sf. Actual reimbursement will equal non-residential specific plan area fees collected by City during reimbursement period.
6. Developer shall bear any costs of improvements in excessof the amounts shown in this exhibit.
7. Total reimbursement will be capped by the difference between then applicable Circulation DIFAllocation and actual credit provided under D. Reimbursement will be funded by fees collected city-wide during reimbursement period.
8. Unless specifically defined in the Project’s Conditions of Approval, construction of the following facilities shall be completed as follows:
Traffic Signalsat Sherman/Chambers and Sherman/Rouse – completed as part of Development Phase2 as defined in the approved Traffic Impact Analysis Offsite Encanto Improvement from Hotel to south of PA18 – completed as part of Infrastructure Phase3, as defined and illustrated in Figure 3-15 of the Legado Specific Plan 7,293,497
Exhibit F-1
8,392,653$780,157 $ 1,740,600
14,286,150
1,400,000
4,772,740$15,686,150 35.40%$ 5,552,897
LEGADO - VTTM 37408 & 37409
Storm Drain Facilities - Calculation of Developer ExcessContributions in Development Agreement Drainage Facility A - Project Cost 1,7 B - Percentage of Public Benefit 2
C - Public Benefit
Project Cost (A x B)
D - Total Public
Benefit Cost
E - Drainage
Facilities DIF
Allocation 3
F - Project
Residential
Drainage DIF
Credit 4
G - Other Project
Drainage DIF
Reimbursed -
Residential5
H - Other Project
Drainage DIF
Reimbursed -
Nonresidential 6
I - Developer Excess
Contributions
D - F - G - H)
PA-19 Drainage Basin $ 4,944,150 55%$ 2,719,283
RouseRoadDiversion $ 403,793 75%$ 302,845
EastChambers Ave. Storm Drain $ 1,219,095 75%$ 914,321
PA-21 Drainage Basin $ 1,822,425 55%$ 1,002,334
RanchoLaVita Diversion $ 240,375 75%$ 180,281
West Chambers Ave. Storm Drain $ 2,251,500 60%$ 1,350,900 Encanto Dr. Storm Drain $ 3,367,350 85%$ 2,862,248
Reimbursable Storm Drain Facilities Project Total (F + G + H) Notes:
1. From K&A Cost Estimates dated Jan. 23, 2020
2. From City of Menifee e-mail on Jan. 28, 2020
3. From City of Menifee Development Impact FeeStudy Update (DIFSU)Table 6.3: Total Cost of Facilities to ServeNew Development - Encanto Drive Benefit Area
4. Basedon DIFSUStorm Drain Facilities Impact Feefor Encanto Drive Benefit Area of $1,036 per SingleFamily Dwelling x 1,022 Units, Commercial Feeswere not included
5. Basedon DIFSUTable 6.2: Storm Drain Facilities Equivalent Dwelling Units - Encanto Drive Benefit Area Residential Growth EDU Residential Projected Growth = 1,309 EDU
LegadoResidential = 1,022 EDU
Residential Remaining = 287 EDUx $1,036/ EDU = $297,332
6. Basedon DIFSUTable 6.2: Storm Drain Facilities Equivalent Dwelling Units - Encanto Drive Benefit Area NonResidential Growth EDU Nonresidential Projected Growth = 1,336 EDUx $1,036/ EDU = $1,384,096
7. Developer shall bear any costs of improvements in excessof the amounts shown in this exhibit.
8. Unless specifically defined in the Project’s Conditions of Approval, construction of the following facilities shall be completed as follows:
RouseRoadDiversion – completed as part of Infrastructure Phase1, as defined and illustrated in Figure 3-15 of the LegadoSpecific Plan RanchoLaVita Diversion – completed as part of Infrastructure Phase2, as defined and illustrated in Figure 3-15 of the LegadoSpecific Plan Storm Drain diversion facilities along Chambers and Encanto Drive – completed as part of Infrastructure Phases2 and 3 as illustrated in Figure 3-15 of the LegadoSpecific Plan Exhibit F-2
2,740,220
1,058,792$9,332,211 $ 2,686,337 $ 6,591,991$297,332 $ 1,384,096 LEGADO - VTTM 37408 & 37409
Park Facilities - Calculation of Developer ExcessContributions in Development Agreement Park Facility B - Percentage of
Public Benefit
C - Public Benefit
Project Cost (A x B)
D - Total Public
Benefit Cost
E - Park
Improvements DIF
Allocation 2
F - Park DIF
Credit 3,6,7
G - Park DIF & Lease
Revenue Reimbursed
D - F - H)4
H - Developer Excess
Contributions8
Tr. 37408 Neighborhood Park $ 700,000 100%$ 700,000
Tr. 37408 Community Park $ 5,000,000 1 100%$ 5,000,000
Tr. 37408 Community Center $ 3,000,000 1 100% $ 3,000,000 Tr. 37408 & 37409 PaseoLegado $ 1,500,000 100%$ 1,500,000 Tr. 37409 Neighborhood Park $ 800,000 100%$ 800,000
Reimbursable Park Facilities Project Total (F + G)
Notes:
1. Basedon negotiated costs with City subject to CPIfor Tr. 37408 Community Park and Tr. 37408 Community Center per Exhibit F-4
2. Basedon discussionswith City the DIFAllocation is not applicable
3. Basedon Park and Recreation Facilities Impact Feefor Park Improvements of $661 per SingleFamily Dwelling x 1,022 Units
4. Reimbursement calculated assuming $100,193 for lease revenue in addition to $661 per SingleFamily Dwelling x 3,365 Units. Thesefigures are hypothetical only. Actual lease revenue and development impact fees may vary.
Reimbursement will be funded by park fees collected from areas to be designated by the Parties in the reimbursement agreement and by Community Park & Community Center lease revenue collected during reimbursement period.
5. Project Costsare inclusive of a 15% contingency and reflect not- to- exceed values as described in Section 6.2 of the Development Agreement
6. Quimby Feesatisfied by Developer donation of land to City for future park improvements
7. DIFCredit shall be determined separately for each park facility project
8. Subject to CPIper Exhibit F-4
8,000,000$2,324,458
Exhibit F-3
A - Project Cost 5
3,000,000
675,542$11,000,000 N/ A
LEGADO - VTTM37408 & 37409
ParkFacilities - ConsumerPriceIndex (CPI) Increase
Maximum Costfor Neighborhood Parks & Paseos: 3,000,000$ Developer ExcessContribution to Exhibit F-3 Facilities: 8,000,000$ Annual CPIAfter Year3 - Not to Exceed1.5% or lessthan 0% 120,000$ CPI Maximum Costfor Community Park & Community Center: 8,000,000$ 8,120,000$ Year 4 Max Annual CPIAfter Year3 - Not to Exceed1.5% or lessthan 0% 120,000$ CPI 121,800$ CPI 8,120,000$ Year 4 Max 8,241,800$ Year 5 Max
121,800$ CPI 123,627$ CPI
8,241,800$ Year 5 Max 8,365,427$ Year 6 Max
123,627$ CPI 125,481$ CPI
8,365,427$ Year 6 Max 8,490,908$ Year 7 Max
125,481$ CPI Year7 and beyond - reduce CPINot to Exceed1% or lessthan 0% 84,909$ CPI 8,490,908$ Year 7 Max 8,575,817$ Year 8 Max
Year7 and beyond - reduce CPINot to Exceed1% or lessthan 0% 84,909$ CPI 85,758$ CPI 8,575,817$ Year 8 Max 8,661,576$ Year 9 Max
85,758$ CPI 86,616$ CPI
8,661,576$ Year 9 Max 8,748,191$ Year 10 Max
86,616$ CPI 87,482$ CPI
8,748,191$ Year 10 Max 8,835,673$ Year 11 Max
87,482$ CPI 88,357$ CPI
8,835,673$ Year 11 Max 8,924,030$ Year 12 Max
88,357$ CPI 89,240$ CPI
8,924,030$ Year 12 Max 9,013,270$ Year 13 Max
89,240$ CPI 90,133$ CPI
9,013,270$ Year 13 Max 9,103,403$ Year 14 Max
90,133$ CPI 91,034$ CPI
9,103,403$ Year 14 Max CAPof CPI - Year15 9,194,437$ Year 15 Max 91,034$ CPI
CAPof CPI - Year15 9,194,437$ Year 15 Max
Exhibit F-4
Project Cost Developer ExcessContribution to Exhibit F-3 Facilities Exhibit F-3 ColumnA) ( Exhibit F-3 ColumnH)
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EXHIBIT G
Assumption Agreement
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RECORDING REQUESTED BY
AND WHEN RECORDED, RETURN TO:
CITY OF MENIFEE
29844 Haun Road
Menifee, CA 92586
Attn: City Attorney
Space Above This Line For Recorder’ s Use)
PARTIAL] ASSIGNMENT AND ASSUMPTION
OF DEVELOPMENT AGREEMENT
This [ PARTIAL] ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT (“[ Partial] Assignment”) is entered into as of _________________, 20__ ( the Effective Date”), by and between _____________________________________ (“ Assignor”), and ___________________________ (“ Assignee”).
RECITALS
A. BLC Fleming LLC, a Delaware limited liability company (“ Original Developer” [ or “ Assignor”]), and the City of Menifee, a municipal corporation (“ City”) entered into that certain “ Legado Development Agreement”, dated _____________, and recorded on as Document No. ___________________ of Official Records, Riverside County ( the “ Development Agreement” or the “ DA”), pursuant to which Original Developer agreed to develop certain property more particularly described in the Development Agreement subject to certain conditions and obligations set forth in the Development Agreement.
B. Assignor is [ the owner of or Original Developer’ s successor- in- interest to] the property more particularly described on Exhibit A attached hereto ( the “ Assignor Land”), which is [ all or a portion] of the property subject to the Development Agreement] C. Assignee is purchasing [ all or a portion] of the Assignor Land, as more particularly described on Exhibit B attached here to ( the “ Property”), from Assignor, in accordance with the terms of that certain [ Purchase and Sale Agreement Description] ( the “ Purchase Agreement”).
D. Pursuant to the terms of the Purchase Agreement, Assignor agreed to assign and Assignee agreed to assume certain rights, interests and obligations and other terms and conditions under the Development Agreement, as such right, interests and obligations relate to the Property.
E. The purpose of this [ Partial] Assignment is to set forth the terms and provisions agreed upon between Assignor and Assignee with respect to the assignment of certain rights and interests and the delegation of certain duties and obligations of Assignor under the Development Agreement, as such rights, interests, duties and obligations relate to the Property. 916/ 031858- 0003
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AGREEMENT
NOW, THEREFORE, Assignor and Assignee agree as follows:
1. Assignment. Assignor hereby assigns, conveys and transfers to Assignee all rights and interests of Assignor, as the “ Developer”, under the Development Agreement to the extent such rights and interests relate to the Property, and Assignee hereby accepts such assignment.
Notwithstanding the foregoing, Assignor shall retain ( i) any and all rights under the Development Agreement necessary to perform the Retained Obligations, defined below; and ii) those specific retained rights set forth on Exhibit C attached hereto ( the “ Retained Rights”).]
2. Assumption of Obligations. [ Except with respect to those specific retained burdens and obligations of Assignor set forth on Exhibit C attached hereto ( the “ Retained Obligations”),] Assignee hereby assumes all of Assignor’ s duties and obligations under the Development Agreement accruing after the date hereof, to the extent such obligations relate to the Property, regardless of whether the obligations originate in the Development Agreement itself or documents executed in connection therewith as a means to effectuate the intent of those provisions, including, without limitation: ( a) any indemnity obligations, to the extent applicable to the Property or to Assignee by reason of its ownership of the Property, ( b) any obligation to follow and be bound by all applicable rules, regulations and policies, ( c) any obligation to pay any fees, assessments or exactions as may be imposed by the Development Agreement, and ( d) any obligations arising under the Development Agreement by reason of a default of Assignee under the Development Agreement ( with respect to any obligations assumed by Assignee hereunder). Assignee agrees to provide City commercially reasonable assurances of its performance of its obligations under the Development Agreement.
Notwithstanding anything to the contrary in this Partial Assignment, Assignee acknowledges that the Development Agreement runs with the land, therefore nothing in this Partial Assignment shall be construed to excuse Assignee from general compliance with the Development Agreement’ s prohibitions, default and cure provisions, and other standard provisions to the extent applicable to the Property.]
3. Development Agreement Transfer Provision. Assignor and Assignee understand and agree that this Agreement is required to comply with Section 2. 2 of the Development Agreement.
4. Indemnity. Assignee agrees to indemnify, defend and hold harmless Assignor, its affiliated entities and persons, and their respective members, managers, partners, officers, directors, shareholders, employees and agents from any claims, demands, losses, liability, damages, causes of action, costs or expenses ( including reasonable attorneys’ fees) made against or suffered by Assignor with regard to any failure by Assignee to perform any term or condition of the Development Agreement, to the extent such term or condition relates to the Property, from and after the date hereof, and Assignor shall indemnify, defend and hold harmless Assignee, its affiliated entities and persons, and their respective members, managers, partners, officers, directors, shareholders, employees and agents from any claims, demands, losses, liability, damages, causes of action, costs or expenses ( including reasonable attorneys’ fees) made against 916/ 031858- 0003
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or suffered by Assignee with regard to any failure by Assignor to perform any term or condition of the Development Agreement, as it relates to the Property, before the date hereof.
5. Miscellaneous.
5. 1. Interpretation; Governing Law. This [ Partial] Assignment shall be construed according to its fair meaning and as prepared by both parties hereto. This Partial] Assignment shall be construed in accordance with and governed by the laws of the State of California.
5. 2. Attorneys’ and Other Fees. In the event of any dispute between the parties hereto or institution of any action or proceeding to interpret or enforce the provisions of this [ Partial] Assignment, or arising out of the subject matter of this [ Partial] Assignment or the transaction contemplated hereby, the prevailing party shall be entitled to recover from the losing party all of its costs and expenses incurred, including court costs and reasonable attorney’ s fees and expert witness fees.
5. 3. Authority. Each of the parties hereto represents and warrants to the other that the person or persons executing this [ Partial] Assignment on behalf of such party is or are authorized to execute and deliver this [ Partial] Assignment and that this [ Partial] Assignment shall be binding upon such party.
5. 4. Further Assurances. Assignor and Assignee each agree to do such further acts and things and to execute and deliver such additional agreements and instruments as the other may reasonably request to consummate, evidence, confirm or more fully implement the agreements of the parties as contained herein.
5. 5. Execution in Counterparts. This [ Partial] Assignment may be executed in several counterparts, and all originals so executed shall constitute one agreement between the parties hereto.
5. 6. Conflict. Nothing in this [ Partial] Assignment is intended to modify or amend the respective obligations of Assignor and Assignee under the Purchase Agreement between Assignor and Assignee which gave rise to this [ Partial] Assignment and, in the event of any conflict between this [ Partial] Assignment and the Purchase Agreement, as between Assignor and Assignee the provisions of the Purchase Agreement shall supersede and control over this Partial Assignment.
5. 7. Recordation. The parties hereby authorize this [ Partial] Assignment to be recorded in the records of Riverside County upon the date hereof.
5. 8. Successors and Assigns. This [ Partial] Assignment shall be binding upon and inure to the benefit of the respective successors, assigns, personal representatives, heirs and legatees of Assignor and Assignee.
5. 9. Notice. All notices to Assignee under the Development Agreement should be addressed as follows:
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Attn: _____________________
With a copy to:
Attn: _____________________
REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]
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IN WITNESS WHEREOF, the parties hereto have executed this [ Partial] Assignment as of the date set forth below its name below.
ASSIGNOR”
a _____________________
By: ___________________________________
Date: ___________________________________
By: ___________________________________
Date: ___________________________________
ASSIGNEE”
a _____________________
By: ___________________________________
Date: ___________________________________
By: ___________________________________
Date: ___________________________________
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A notary public or other officer completing this
certificate verifies only the identity of the
individual who signed the document to which
this certificate is attached, and not the
truthfulness, accuracy, or validity of that
document.
STATE OF CALIFORNIA )
ss:
COUNTY OF ) On ____________, 20__ before me, _____________________________________________ insert name and title of the officer),
personally appeared , who 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.
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.
Signature: _______________________________________
Seal]
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A notary public or other officer completing this
certificate verifies only the identity of the
individual who signed the document to which
this certificate is attached, and not the
truthfulness, accuracy, or validity of that
document.
STATE OF CALIFORNIA )
ss:
COUNTY OF ) On ____________, 20__ before me, _____________________________________________ insert name and title of the officer),
personally appeared , who 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.
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.
Signature: _______________________________________
Seal]
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EXHIBIT “ A”
TO [ PARTIAL] ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT
LEGAL DESCRIPTION OF THE ASSIGNOR LAND
TO BE INSERTED]
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EXHIBIT “ B”
TO [ PARTIAL] ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT
LEGAL DESCRIPTION OF THE PROPERTY
TO BE INSERTED]
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EXHIBIT “ C”
TO [ PARTIAL] ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT
RETAINED RIGHTS AND OBLIGATIONS
TO BE INSERTED]
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EXHIBIT H
Off Site Improvements and Fair Share Fees
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