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HomeMy WebLinkAboutResolution No. 12-7338 RESOLUTION NO. 12 -7338 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING A SECOND AMENDMENT TO THE "SPACE SHUTTLE MOCK -UP RELOCATION AGREEMENT BETWEEN THE CITY OF DOWNEY AND INDUSTRIAL REALTY GROUP, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, DATED JULY 8, 2003, TO ALTER THE TERMS AND RESPONSIBILITY FOR RELOCATION OF THE SPACE SHUTTLE MOCK UP. WHEREAS, the City holds certain contractual rights with regard to the disassembly, storage, and relocation of a space shuttle mock that is currently stored on a portion of the 77 acre site at 12214 Lakewood Boulevard pursuant to that certain Space Shuttle Mock -Up Relocation Agreement between the City of Downey and Industrial Realty Group, LLC, a California Limited Liability Company, dated July 8, 2003 ( "Mock -Up Agreement "); and, WHEREAS, PCCP /IRG DOWNEY, LLC, a Delaware limited liability company, as to an undivided 90% interest, and IRG DOWNEY, LLC, a California limited liability company, as to an undivided 10% interest (collectively "Developer ") is a successor -in interest to Industrial Realty Group, LLC, a California Limited Liability Company's rights under the Mock -Up Agreement; and, WHEREAS, On or about March 15, 2012, City and Developer entered into that certain Amendment to Space Shuttle Mock -Up Relocation Agreement, which reflected (i) a transfer of responsibility for relocation of the Space Shuttle Mock -Up to the City, (ii) specification of timelines for completion of the relocation of the Space Shuttle Mock -Up, and (iii) the payment of consideration to the City; and, WHEREAS, , the City Council does hereby desire to approve an further, second, amendment to the Mock -Up Agreement pursuant to the terms and conditions as set forth in the Second Amendment to Space Shuttle Mock -Up Relocation Agreement ( "Second Amendment ") which will extend the time frame for the City's performance thereunder from June 1, 2012 to August 1, 2012. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council finds and determines that the activities contemplated in the Second Amendment have no likelihood of causing any environmental impact and are, in any event, subsumed within the activities studied in the certified Final Environmental Impact Report for the development of the Tierra Luna Marketplace at 12214 Lakewood Blvd. pursuant to the Amended Downey Landing Specific Plan. SECTION 2. The City Council DOES HEREBY APPROVE the Second Amendment, substantially in the form attached as Attachment 1. SECTION 3. The City Manager and his authorized designees are hereby authorized to execute the Second Amendment. RESOLUTION NO. 12 -7388 PAGE 2 SECTION 4. If any one of more sections or parts of this Resolution shall be adjudged .■_ unenforceable or invalid, such judgment shall not effect, impair or invalidate the remaining provisions of this Resolution, it being the intention that the various provisions hereof are severable. SECTION 5. Except as expressly provided in this approval, nothing in the Second Amendment shall be deemed to waive or modify any other provisions of the Mock -Up Agreement and /or the Amendment to Space Shuttle Mock -Up Relocation Agreement. SECTION 6. The City Clerk shall certify to the adoption of this Resolution. APPROVED AND ADOPTED this 12 day of June, 2012. Ari.i . RO II' C. BROSSMER, Mayor ATTEST: /r ( i) . . ui , i , t ,,„ 6 1 6' J ADRIA M. JIM CMC City Clerk HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the City of Downey at a regular meeting thereof held on the 12 day of June 2012, by the following vote, to wit: AYES: Council Members: Guerra, Marquez, Vasquez, Gafin, Mayor Brossmer NOES: Council Members: None ABSTAIN: Council Members: None ABSENT: Council Members: None , t ( ,), ,,,, I / ( s\r_ii , ,,..„,„ (7 ,. ) r , (.....) L t"' ' / — i ' ADRIA M. J ME EZ, CMC City Clerk _au_ RESOLUTION NO. 12 -7388 PAGE 3 ATTACHMENT 1 i SECOND AMENDMENT TO SPACE SHUTTLE MOCK -UP RELOCATION AGREEMENT SECOND AMENDMENT TQ SPACE SHUTTLE MOCK -UP RELOCATION AGREEMENT This Second Amendment to Space Shuttle Mock -Up Relocation Agreement (this "Second Amendment ") is made as of this 13th day of June, 2012 (the "Second Amendment Effective Date "), by and between THE CITY OF DOWNEY, a municipal corporation of the State of California ( "City ") and PCCP IRG DOWNEY, LLC, a Delaware limited liability company, as to an undivided 90% interest, and IRG DOWNEY, LLC, a California limited liability company, as to an undivided 10% interest (collectively "Developer "). City and Developer are referred to herein, individually, each as a "Party" and, collectively, as the "Parties." RECITALS A. City and Industrial Realty Group, LLC, a California limited liability company ( "IRG "), as predecessor -in- interest to Developer, entered into that certain Space Shuttle Mock - Up Relocation Agreement, dated on or about July 8, 2003 (the "Original Space Shuttle Agreement "), pursuant to which the City and IRG agreed to certain protocols, procedures, and funding obligations with regard to the disassembly, storage, and relocation of a full -size mock-up of a NASA Space Shuttle ( "Shuttle Mock -Up "). B. The Original Space Shuttle Agreement was previously amended by that certain Amendment to Space Shuttle Mock -Up Relocation Agreement dated as of March 15, 2012 (the "First Amendment "), by and between City and Developer. C. Concurrently with the First Amendment, City and Developer entered into various other agreements, including, without limitation, (i) that certain Tierra Luna Development Agreement dated as of March 15, 2012 (the "Tierra Luna Development Agreement "), and recorded on April 20, 2012, as Instrument No. 20120588430 in the Official Records of Los Angeles County, California, (ii) that certain Letter Agreement Regarding Effective Date dated as of March 15, 2012 (the "Effective Date Letter Agreement "), and (iii) that certain Letter Agreement Regarding Notice Addresses dated as of March 15, 2012 (the "Notice Addresses Letter Agreement "). D. The Original Space Shuttle Agreement, as amended by the First Amendment, the Effective Date Letter Agreement and the Notice Addresses Letter Agreement, is referred to herein as the "Space Shuttle Agreement." All defined terms used herein but not herein defined shall have the meanings ascribed to such terms in the Space Shuttle Agreement, except as otherwise expressly provided herein. E. Concurrently herewith, Developer, as Licensor, and City, as Licensee, are entering into that certain License Agreement (the "License Agreement "), pursuant to which Developer is granting to City a non - transferable, revocable license for the sole purpose of temporarily storing the Shuttle Mock -Up under a tent enclosed by a fence (referred to herein as the "Tent" and the "Fence," respectively) on a portion of the "Developer Owned Property," as --- that term is defined in the Tierra Luna Development Agreement. 845914.05/SF 194442- 00002/6- 7- 12/Iae/lae E. City and Developer now desire to enter into this Second Amendment to further amend some of the rights and obligations specified in the Space Shuttle Agreement, all subject and pursuant to the terms and conditions set forth in this Second Amendment below. The Space Shuttle Agreement, as further amended by this Second Amendment, is hereinafter referred to as the "Agreement". AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, City and Developer hereby agree to amend, modify and/or supplement the Space Shuttle Agreement as of the Second Amendment Effective Date as follows: 1. Developer's Obligations under the Agreement City and Developer acknowledge and agree that, notwithstanding anything to the contrary contained in the Space Shuttle Agreement, Developer's sole remaining obligation under the Agreement is to pay to City the "Shuttle Consideration," as that term is defined in Section 3 of this Second Amendment. Without limiting the generality of the foregoing, and without limiting Section 3 of this Second Amendment, below, City acknowledges and agrees that Developer has satisfied all of its other obligations under the Agreement, and Developer has no further obligation to provide, to pay for or to obtain any permits or approvals in connection with any disassembly, relocation, storage, monitoring, reassembly, preservation or insurance of the Shuttle Mock -Up, or any work related thereto or recommended by Conservator, the Condition Assessment Survey, the Relocation Plan rimarr or City. 2. City's Obligations under the Agreement. City and Developer hereby acknowledge and agree that the "Assigned Location," as that term is defined in Section 1 of the License Agreement, constitutes the "Relocation Site," as that term is defined in Section 3.3.3 of the Original Space Shuttle Agreement, as amended and restated in Section 3 of the First Amendment; provided, however, the reference to "June 1, 2012 ", as the same appears at the end of Section 3 of the First Amendment (amending and restating Section 3.3.3 of the Original Space Shuttle Agreement), is hereby deleted and replaced with a reference to "August 1, 2012 ". City hereby accepts full responsibility, at City's sole cost and expense, for the relocation of the Shuttle Mock -Up from the Storage Facility to the Assigned Location, and for the storage, monitoring, further relocation (including, without limitation, to the "New Site," as that term is defined below), reassembly, preservation and insurance of the Shuttle Mock -Up. Furthermore, City acknowledges and agrees that, not later than the expiration or earlier termination of the License Agreement, City, at its sole cost and expense, (a) shall identify a site (the "New Site ") for the further relocation (whether permanent or temporary) of the Shuttle Mock -Up; (b) shall remove, or cause to be removed, the Shuttle Mock -Up (together with the Tent, the Fence and all other personal property of City) from the Assigned Location, the Developer Owned Property and the "Developer Leased Property," as that term is defined in the Tierra Luna Development Agreement; (c) shall repair, or cause to be repaired, all damage caused by such removal; and (d) shall otherwise surrender the Assigned Location in the condition required by the License Agreement (the foregoing obligations of the City being referred to herein, collectively, as the "Shuttle Mock -Up Removal Obligations "). In no event shall the New Site (or any other site at which City elects to relocate, reassemble and/or store the Shuttle Mock -Up on a temporary or 845914.05/SF 194442- 00002/6- 7- 12/1ae/lae -2- permanent basis following the expiration or earlier termination of the License Agreement) be located anywhere on the Developer Owned Property or the Developer Leased Property. 3. Consideration to City. Developer shall remain obligated to pay to City the sum of One Hundred Thousand and No/ 100 Dollars ($100,000.00) (referred to herein as the "Shuttle Consideration "), as contemplated by Section 5 of the First Amendment; provided, however, notwithstanding anything to the contrary contained in Section 5 of the First Amendment, (a) payment of the Shuttle Consideration shall be a covenant of Developer, but shall not be a condition precedent to the effectiveness of the First Amendment, and (b) Developer shall pay the Shuttle Consideration to City within five (5) business days after the mutual execution and delivery of this Second Amendment. Any references in the First Amendment to the consideration set forth in Section 5 thereof shall be deemed to refer to the Shuttle Consideration. 4. Remedies. Notwithstanding anything to the contrary contained in the Space Shuttle Agreement, each Party hereby retains all rights and remedies that it may have under the License Agreement, at law or in equity, with respect to any breach or default by the other Party under the License Agreement. In addition, without limiting the foregoing in any manner, City acknowledges and agrees that Developer shall have the remedies set forth in Section 6 of the First Amendment with respect to a breach or default by City under the Agreement; provided, however, Developer shall have the right to enforce specific performance by City of all of its obligations under the Agreement, including, without limitation, the obligations described in Section 2 of this Second Amendment, including the Shuttle Mock -Up Removal Obligations (and not only the obligation to relocate the Shuttle Mock -Up as set forth in Section 3 of the First Amendment). Furthermore, Developer acknowledges and agrees that City shall have the right to enforce specific performance by Developer of its obligation under the Agreement to pay to City the Shuttle Consideration. 5. Release. (a) Mutual Release. As of the Second Amendment Effective Date, Each Party (referred to herein as the "Releasing Party ") does hereby release and forever discharge the other Party and its legal successors and assigns, members, officers, directors, shareholders, affiliates, agents, servants, employees, attorneys, and insurers, and each of them (referred to herein, collectively, as the "Released Parties "), of and from any and all claims, demands, damages, debts, liabilities, obligations, and causes of action of any kind or nature whatsoever (collectively "Claims "), whether known or unknown, that the Releasing Party ever had, now has, or may hereafter have, against the Released Parties, arising out of, based upon, or relating to any act, omission, event, matter or thing taken, not taken, occurring or arising, as the case may be, under or pursuant to the Space Shuttle Agreement or with respect to the Shuttle Mock -Up or the "Storage Facility," as that term is defined in the Original Space Shuttle Agreement, save and except for the rights created or reserved by this Second Amendment (which, with respect to City, consist of the obligations specified in Section 3.3.3 of the Original Space Shuttle Agreement, as amended, and the other obligations specified in Section 2 of this Second Amendment, above, and which, with respect to Developer, consist of the obligation to pay the Shuttle Consideration). ..� Notwithstanding anything to the contrary contained in this Second Amendment, the foregoing release does not apply to any Claims or obligations of either Party under any other agreement currently existing and in effect as between Developer and City, including, but not limited to, the 845914.05/SF 194442- 00002 /6- 7- 12/1ae/lae -3 - License Agreement; the Tierra Luna Development Agreement; that certain Ground Lease dated as of December 4, 2003, by and between City and IRG (as predecessor -in- interest to Developer), as amended; and that certain that certain Real Property Purchase and Sale Agreement dated as of November 30, 2003, by and between City and IRG (as predecessor -in- interest to Developer), as amended. (b) Waiver of Civil Code § 1542. Each Releasing Party acknowledges that it has been informed by its attorneys of the provisions of Section 1542 of the Civil Code of the State of California, and does hereby expressly waive and relinquish, only to the extent otherwise released by Section 5(a) of this Second Amendment, above, all rights and benefits such Releasing Party has or may have, or had under said Section 1542, which reads as follows: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. (c) Discovery of Additional Facts or Law. Each Releasing Party acknowledges that it is aware that it may hereafter discover facts or law different from or in addition to those which it now knows or believes to be true in respect to the Claims released under Section 5(a) of this Second Amendment, above, and such Releasing Party hereby agrees that this release shall be and remain in effect as a complete, general release, only as to the matters otherwise released in said Section 5(a), notwithstanding any such additional facts or law. (d) No Assignment of Claims. Each Releasing Party represents and warrants to the other Party that such Releasing Party has not heretofore assigned or transferred or purported to transfer or assign to any person, firm, or corporation, any Claims herein released. Each Releasing Party hereby agrees to indemnify, defend and hold harmless the other Party and such Released Parties against any Claims, including attorneys' fees actually paid or incurred, arising out of or in connection with any such transfer or assignment or purported or claimed transfer or assignment. 6. Counterparts. This Second Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which, taken together, shall constitute one and the same instrument. 7. Governing Law. This Second Amendment is made under and shall be construed pursuant to the laws of the State of California. [STGNATURES APPEAR ON THE FOLLOWING PAGE] 845914.05/SF 194442- 00002/6- 7- 12/1ae/lae -4- IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment the date and year first above written. "CITY" CITY OF DOWNEY, a Municipal corporation of the State of California By: Name: R C. Brossmer Its: Mayor "DEVELOPER" PCCP IRG DOWNEY, LLC, a Delaware limited liability company By: PCCP LB IRG Downey, LLC its Managing : -• ber B Name: Its: Nicholas V. Colonna Authnri7Ad SiQnArny IRG DOWNEY, LLC, a California limited liability company By: IRG III, LLC By: S L Properties, Inc. By. Name: S ft 4. c l& T 6 Its: M A 1✓A 6 s N� 1116 Sri Q 6/l 845914.05/SF 194442 - 00002/6- 7- 12/1ae/lae -5-