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Recorded in Official Records. County of San Bernardino 3/25/2009 <br />LARRY WALKER 2:11 PM <br />�o NC <br />Auditor/Controller — Recorder <br />q <br />RECORDED AT THE REQUEST OF P Counter <br />AND RETURN TO: <br />DOC#: 2009— 0126635 Titles: 1 Pages: 28 <br />City of Colton Fees 0.00 <br />650 N. La Cadena Drive Taxes 0.00 <br />0.00 <br />Colton, CA 92324 PAIDr $0.00 <br />Attn: City Clerk <br />[EXEMPT FROM RECORDING FEE PER Gov. CODE, 273831 <br />SPACE ABOVE FOR RECORDER'S USE ONLY <br />APPROVED BY <br />CIT`t' OUjVCIL <br />Date I"1 l�q DEFERRED IMPROVEMENT AGREEMENT <br />Item # 1"1 - <br />This Deferred Improvement Agreement is entered into as of this 17th day of <br />February, 2009, by and between the City of Colton, a municipal corporation ("City"), MTG <br />Holding, a limited liability corporation, and Ted Honcharik, an individual (collectively, <br />"Owner"). City and Owner are sometimes hereinafter individually referred to as "Party" and <br />hereinafter collectively referred to as the "Parties". <br />RF171TAI R <br />A. Owner owns certain real property more commonly known as 2001 Key Street, <br />Colton, California, and more specifically described in Exhibit "A" attached hereto and <br />incorporated herein by reference ("Property"). <br />B. On December 1, 2008, the Design Review Committee of the City approved a <br />proposal by Owner to temporarily operate a construction equipment storage facility on Property, <br />subject to certain conditions. <br />C. One of the conditions of approval requires Owner install improvements as <br />described in more detail in Exhibit "C" attached hereto and incorporated herein by reference <br />("Improvements"). <br />D. The City and Owner are willing to agree that improvements described as <br />Immediate Conditions in Exhibit "C" are to be constructed immediately and in accordance with <br />the terms and conditions hereafter set forth. <br />E. The City and Owner are willing to agree that the improvements described as <br />Deferred Conditions in Exhibit "C" are to be deferred in accordance with the terms and <br />conditions hereafter set forth. <br />Deferred Improvement Agreement <br />Page 1 of 12 <br />ORANGE\C W ILKES\54393.2 <br />