PPH Board Meeting Packet for Feb 23

The PPH Board Meeting Packet for the February 23, 2006 meeting is available at:
http://civics.robroy.cc/AgendaSummary.pdf Agenda & Summary
http://civics.robroy.cc/AA.pdf Addendum A (ERTC Devel Agmt)
http://civics.robroy.cc/AB.pdf Addendum B (MOU)
http://civics.robroy.cc/AC.pdf Addendum C (JRM Agreement)
http://civics.robroy.cc/AD.pdf Addendum D (ERTC CCR's)
http://civics.robroy.cc/AE.pdf Addendum E (SDG&E Agreement)
http://civics.robroy.cc/AF.pdf Addendum F (ERTC option close)
http://civics.robroy.cc/AG.pdf Addendum G (PDP Agmt)
http://civics.robroy.cc/AH.pdf Addendum H (Services Agmt)
http://civics.robroy.cc/AI.pdf Addendum I (Hospitalist Agmt)
http://civics.robroy.cc/AJ.pdf Addendum J (Jan. Fin. Report)

Take a look at sections 1.1 and 1.2 of the SDG&E Agreement (Addendum E). Now that is some Indemnification and Hold Harmless protection! Compare that with sections 3.6 and 3.7 of the ERTC Development Agreement with Escondido (Addendum A).

In Addendum C, a 50%/50% jointly owned PPH/JRM LLC gets to construct 300,000 square feet of medical office buildings (MOB) in two phases. Recall that the EIR Addendum showed 160,000 square feet of MOB which was projected to generate almost 50% of the traffic from ERTC Planning Area 4. Also, it appears that JRM can walk if the MOB projects are not feasible based on a financial calculation. The PPH/JRM Agreement also appears to lock other medical providers out the remaining land of the ERTC that is not owned by PPH.