CONTRACT 4924-2A CLOSEDAgreement No. 4924 -2A
FIRST AMENDMENT TO
REIMBURSEMENT AGREEMENT NO. 4924 -2
BETWEEN THE CITY OF EL SEGUNDO
AND ES CENTERCAL, LLC
THIS FIRST AMENDMENT ( "Amendment ") is made and entered into this )? day of July,
2016, by and between CITY OF EL SEGUNDO, a general law city and municipal corporation
existing under the laws of California ( "City "), and ES CENTERCAL, LLC, a Delaware limited
liability company ( "Centercal "), who agree as follows:
1. Pursuant to Section 14 of Agreement No. 4924 -2 ( "Agreement "), in addition to the
amount of consideration as stated in the Agreement, Centercal agrees to reimburse the
City for additional costs associated with developing the real property located at 400 S.
Sepulveda Blvd., El Segundo, CA 90245. Therefore, Centercal agrees to pay City a
revised sum not to exceed Four Hundred Fifty -Two Thousand, Nine Hundred Seven
Dollars ($452,907). The revised total amount includes the amount of Thirty -One
Thousand Two Hundred Ninety Dollars ($31,290) for the Parking Demand Study, Five
Thousand Two Hundred Dollars ($5,200) for two (2) Additional Parking Study Work
Requests, Three Hundred Thirty -Six Thousand Four Hundred Seventeen Dollars
($336,417) for the environmental impact report and specific plan peer review, and Eighty
Thousand ($80,000) for City's Administrative costs, as specified in the attached Exhibit
"A," which is incorporated herein by this reference.
2. This Amendment may be executed in any number of counterparts, each of which will be
an original, but all of which together constitutes one instrument executed on the same
date.
3. Except as modified by this Amendment, all other terms and conditions of Agreement No,
4924 -2 remain the same.
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Agreement No. 4924 -2A
IN WITNESS WkEREOF the parties hereto have executed this Amendment the day and
year first hereinabove written.
CITY 0F.EL
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ATTEST:
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1 ra " eay- r,
Ci Clem
APPROVED AS TO FORM:
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City Attorney
CENTERCAL:
ES CENTERCAL, LLC,
a Delaware limited liability company
By: CENTERCAL, LLC
A Delaware limited liability company
By: CENTERCAL ASSOCIATES, LLC,
A Delaware limited liability company
By
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ReimAgreementAmendment.doc
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EXHIBIT "'A"
SERVICES AND COSTS
Estimated Applicant Costs:
1. On -going Parking Demand Study and Trip General: $ 31,290
2. Additional Parking Demand Work request: $ 5,200
3. EIR/specific plan peer review: $336,417
4. City Admin Cost: $ 80,000
Total Cost Anticipated:
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$452,907
Agreement No. 4924 -2A