HomeMy WebLinkAbout21-06 RESOLUTION NO. 21-_0.6
RESOLUTION OF THE TOWN OF LOS ALTOS HILLS
APPROVING AND AUTHORIZING EXECUTION OF AMENDMENT NO. 1
TO THE SANITARY SEWER REIMBURSEMENT AGREEMENT BETWEEN THE
TOWN OF LOS ALTOS HILLS AND JAYARAM BHAT AND VANI BHAT
WHEREAS, the City Council of the Town of Los Altos Hills has read and
considered that certain Amendment No. 1 to the Sanitary Sewer Reimbursement
Agreement ("Amendment") between the Town and Jayaram Bhat and Vani Bhat;
NOW, THEREFORE, the City Council of the Town does RESOLVE as follows:
1. Public interest and convenience require the Town of Los Altos Hills to
enter into the Amendment described above; and
2. The Town of Los Altos Hills hereby approves the Amendment and the
Mayor is hereby authorized on behalf of the Town to execute the Amendment between
the Town of Los Altos Hills and Jayaram Bhat and Vani Bhat.
PASSED AND ADOPTED this Z,34tilay of geel4 , 2006 Jayaram Bhat
and Vani Bhat.
By:
or
ATTE' :
'
City Clerk
•
AMENDMENT NO. 1
TO SANITARY SEWER REIMBURSEMENT AGREEMENT
THIS AMENDMENT NO. 1 is made and entered into effective March 23, 2006 as
an amendment to the Sanitary Sewer Reimbursement Agreement dated October 6,
2005 ("Agreement"), by and between the Town of Los Altos Hills ("Town") and Jayaram
Bhat and Vani Bhat ("Property Owner").
RECITALS
A. The Town and Property Owner entered into the Agreement to set forth the
terms and conditions by which the Property Owner may be reimbursed by future users
of a sanitary sewer extension commonly known as the Sewer Main Extension at
Altamont Road near Taaffe Road ("Sanitary Sewer Extension") for some of the costs
associated with the Sanitary Sewer Extension.
B. The lands which may be served by the Sanitary Sewer Extension at a
future date ("Future Users") are specifically set forth in Exhibit B as set forth in the
Agreement.
C. The Town and Property Owner now desire to amend the Agreement with
Exhibit B-1 in order to remove two Future Users from the list, add two Future Users to
the list and revise the usage fee.
AGREEMENT
NOW, THEREFORE, in consideration of their mutual covenants, Town and
Property Owner do hereby agree as follows:
Exhibit B to the Agreement is hereby deleted and replaced with Exhibit B-1
attached hereto.
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IN WITNESS WHEREOF, the parties hereto have executed this
Amendment on the dates set forth below.
Datet.5--z 3 , 2006 TOWN OF LOS ALTOS HILLS
By: / ,/—.
Mayo
ATTEST:
�
City Clerk •
Date: c" Z3 , 2006 Property Owner
Jayara Bhat
\
Vani Bhat
S •
Exhibit B-1 (revised March 23, 2006)
FUTURE USERS
Address APN# Usage Fee
26645 Atlamont Road 182-20-013 [$15,029.72+CCI%] +5%AF*
26687 Atlamont Road 182-20-014 [$15,029.72+CCI%] +5%AF*
27000 Almaden Court 182-20-015 [$15,029.72+CCI%] +5%AF*
26801 Altamont Road 182-20-024 [$15,029.72+CCI%] +5% AF*
* CCI% is Construction Cost Index adjustment from prior year which is applied to
the base Usage Fees in the first year of the Agreement and to the cumulative
CCI-adjusted prior year Usage Fees on June 30th annually thereafter;
5%AF is Administrative Fee as set forth in Paragraph 2 of the Agreement