HomeMy WebLinkAboutContracts & Agreements_39-1987_CCv0001.pdf RECORDING RE RESTED BY : � .,`. : a ` ��4 1_N,,:111
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City Clerk, City of Redlands _
Post Office Box 280
Redlands, California, 92373 t 5
AGREEMENT FOR i-w L I F.
SUBDIVISION EXEMPTION
FROM PROPOSITION Rk : `' �
1 . PARTIES AND DATE . The parties to this agreement are
the City of Redlands , a municipal corporation, hereinafter called
"City, " and Devic ht W. Yeoman & Linda L. Yeoman
a sole pro2rietorshi- , hereinafter called "Subdivider. "
The date of this agreement is October 14 1987
2 . SUBDIVIDER REPRESENTATIONS . Subdivider hereby
warrants to City that its planned subdivision denominated Tract
Map 12808 and filed with the City on April 17 , 1937
will be a lot sale subdivision, and neither subdivider nor any of
subdivider's agents, contractors , heirs or assigns will construct
on the lots there created more than four (4) dwelling units .
3 . CITY RELIANCE. In reliance upon this warranty and
representation, City agrees that Subdivider is not subject to the
competitive evaluation for quality established in 1978 for
subdivision residential developments by Proposition R, and may
therefore proceed with the subdivision approval process as if
Proposition R did not exist.
4 . SUBDIVIDER LIQUIDATED DAMAGES . Subdivider understands
that if it fails to carry out its warranties and representations
herein, obtains final approval of Tract Map 22808 , sells some,
all , or no lots therein, and builds directly or indirectly more
than four (4) dwelling units therein, the consequences and poten-
tial damage to the City and its present and prospective residents
will be substantial . City law would thereby be violated, and
other projects seeking and receiving development approvals would
be compromised and themselves placed in legal jeopardy. For this
.reason, Subdivider_ and City agree ,that liquidated damages are
reasonable under these circumstances pursuant to California Civil
Code §1671 (b) , and that the sum of $4 ,000 .00 per lot approved
without such competitive evaluation shall be paid by Subdivider