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Home My WebLink About01420 - COACHELLA VALLEY SAVINGS & LOAN RIMCREST 499 SPC SEWER SEWER REIMBURSEMENT AGREEMENT Coachella Valley Savings & Loan BETWEEN THE CITY OF PALM SPRIG Assoc - Sewer Reimb agr for AND COACHELLA VALLEY SAVINGS 1 Rimcrest LOAN ASSOCIATION. AGREEMENT #1420 4-22-78 THIS AGREEMENT made and entered into this o? day of C' � 6 19�0, between the CITY OF PAL14 SPRINGS, CALIFORNIA, a municipal corporation, hereinafter called the CITY and COACHELLA VALLEY SAVINGS AND LOAN ASSOCIATION, hereinafter called the DEVELOPER. WHEREAS the DEVELOPER is, at the time of this agreement, the legal holder of Sewer Construction Refund Agreement No. 584, having an expiration date of April 21 , 1978; relating to the following described property: That certain parcel of land delineated on the plat "Sewer Construction Refund Agreement" attached hereto, marked Exhitit "A". and WHEREAS the City Council by Resolution 12590, established a policy relative to sewer reimbursement agreements which have fixed expiration dates; and WHEREAS the DEVELOPER has requested that the CITY and DEVELOPER enter into a new agreement, in accordance with said Resolution 12590, to continue to reimburse the DEVELOPER for assessments remaining unpaid under Agreement No. 584, or amounts equaling the Street Main Charge, whichever are lesser; and WHEREAS the CITY has determined, and DEVELOPER agrees, that the total remaining assessable frontage of lots which can connect to the sanitary sewer by use of sewer laterals is 4018.95 feet; NOW THEREFORE IT IS AGREED that the DEVELOPER shall continue to be entitled to reimbursements of assessments still unpaid under Agreement No. 584, provided, however that the amount reimbursable shall in no case exceed the amount of the City' s Street Main Charge in effect as of the above date. For these purposes it is agreed that developers , owners, or y ` 0 0 Agr. No. Page 2 lessees of lots shown on Exhibit "A" attached hereto in the area served by said sewer shall pay to the CITY the amount shown herein or the Street Main Charge whichever is greater, plus sewer connection charges in effect at such time, prior to a permit being issued for connection to said sewer. Upon receipt of such payment, CITY shall pay to the DEVELOPER the amount prescribed by this Agreement. The assessment for Lots is hereby established: Lots See Map Attached inclusive of Tract No. 8.00 $ per front foot. or name if no Tract No. ) LOT NO. ASSESSMENT FRONTAGE COST PER LOT Parcel 2 687.86 5,502.88 7 629.97 5,039.76 8 367.09 2,936.72 9 341 .51 2,732.08 14 105 840.00 15 100 800.00 16 100 800.00 17 100 800.00 18 100 800.00 19 100 800.00 20 100 800.00 21 100 800.00 22 100 800.00 23 82 656.00 26 103.75 830.00 53 100 800.00 56 100 800.00 58 100 800.00 60 100 800. 00 61 100 800.00 62 100 800.00 63 100 800.00 64 100 800.00 65 101 .77 814.16 Total 4018.95 $32,151 .60 IN WITNESS WHEREOF, the CITY and the DEVELOPER have hereunto caused these presents to be executed the day and year first above mentioned. ATTEST __ �, CITY OF PALM SPRINGS, CALIFORNIA Zo By -f Deputy City Clerk cl/ Ci y Manager REVIEWED & APPROVED; Coa e;ll�a Q/g'1.16y,S vi`ni " & Loan 4 m I /� r I. el f ral•4 q bAi �D"eyeloQer,, ijo/ By l/ y Ash 1, S _ Time t R GT r r a E GdLs caU yse tp l -a • f It _ t �$ 4 CA -.- off• P 2 ' ` . - z� ,� - � ��ssrr G~crnsf�cfio��fr{u�,4�►rea . , o „ ,� {��/cy,An v �s GFawo Assoc/oz , Sewar 9�re . � � . 0 ` t f SEA LA �� f 5 lay" y a Y. m��Ff rTy�ylT9i�f � wY (� y,. i }4�}"CWA f .F,oYL�. r'.* if T'� h�� ,"<�y'f� Yy5�"�.Y.r. `u 1' ' .� is f , 11•„ t �.I�� .. ...' a9 ;3r� �.•:'. . Asa 4a• `�.�' .�4�ST i�1lMC4�t!YON -'Or�'r(I�F�ST.4T6,S�/G,iS/1Y.0J'1�7. `�Y Y k r 1 r El 1J .F 1I� i ,y bN c ail, `•ht�3� , i,, �} . rn Sx F7'i t rO'.W �� .sue yr ra Cl j � N t �r TRACrN�253 h •'t. Nf.,R. no-n. -y FiY/Y./3-L`SFIYF?rYfq,�r `1�� n sw GREAT WESTERN SAVINGS A FEDERAL SAVINGS AND LOAN ASSOCIATION 9301 Corbin Avenue•P.O Box 1010•NoWiridge,California 91328• (213) 701-8483 RECEIVED January 25 , 1985 JAN 2 3 1H-J C,(TV ri-FRK Ms . Judith Sumich City Clerk 3200 E. Tahquitz - McCallum Way Palm Springs , CA 92263 Re: Sewer Refund Agreements 1419 and 1420 Dear Ms . Sumich: Confirming our recent telephone conversation relative to a refund due us under the referenced Agreements , we are the holder of the Agreements via our July 1983 merger with United Savings , who was the successor in interest to Coachella Valley Savings . We filed Articles of Combination in Riverside County on February 24 , 1984 , Book 1984 , Page 37847 . In the event a third party should file any claim for reimbursement under these agreements subsequent to your reimbursement to us , we will then restore the reimbursed funds to you, upon presentation to us of adequate evidence to the right to the funds by the claimant. I hope this letter fulfills your requirements for documentation so that the reimbursement check can be issued. Please call me at 818-701-8577 if you need additional information. Very truly yours , Kell Margin Lease Administration KM: lss Encl . 1I °: FSLW 1 GREAT WESTERN SAVINGS A FEDERAL SAVINGS AND LOAN ASSOCIATION 9301 Corbin Ave.•Suite 380•P O. Box 1010•Northridge,California 91328 May 22 , 1984 n J 3 a 3 Ms. Judith Sumich City Clerk City of Palm Springs P.O. Box 1786 Palm Springs, CA 92263 Re: Sewer Refund Agreements 1419 & 1420 Dear Ms. Sumich: Per your January 10 , 1984 letter to Mr. Richard Lucero in our Costa Mesa office, relative to filing a statement with the city clerk regarding our acquisition of Coachella Valley Savings and Loan assets , please note that we filed Articles of Combination in Riverside County on February 24 , 1984, Book 1984 , Page 37847. If you have questions or need additional information, please contact me at 818-701-8577, or write to my attention at P.O. Box 1010 , Northridge, CA 91328 . Very my yours, K0seA rti Lministration KM: lss A SAVINGS ASSOCIAipN OF GREAT WE' FINANCIAL CORPORATION `i%I�•