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CONTRACT 5528 Reimbursement Agreement CLOSED Agreement No. 5528 REIMBURSEMENT AGREEMENT This Reimbursement Agreement ("Agreement") is entered into as of May , 2018, by and between the City of El Segundo, a general law city and municipal corporation ("City"), and Segundo Restaurant Partnership, LP, a California Limited Partnership ("Applicant/Developer"). The parties agree as follows: 1. Recitals.This Agreement is made with reference to the following facts and circumstances: a. The Applicant/Developer has filed an application to demolish an existing±9,500 st.��q'ultre fool restaurant building; merge two lots; construct a new ±55,000 square- foot, hotel consisting of It 4 rooms (keys), a lobby, a gym for hotel guests, laundry facility and an employee break room; and an underground parking garage with approximately 20,000 cubic yards of grading consisting of cut and export; on property located at 703 and 739 N. Sepulveda Boulevard (APN 4139-018- 001 &-002). The Applicant/Developer also requests Zone Text Amendments to ESMC Section 15-5C-7 (Site Development Standards)regarding height and building area, and to ESMC Chapter 20 regarding Transfer of Development Rights (the"Project"). b. The Project requires environmental services such as environmental review, preparation of environmental technical reports and documents in accordance with the California Environmental Quality Act("CEQA"); thus,requiring the retention and costs of professional consultants (collectively, "Environmental Documentation Costs"). Such Environmental Documentation Costs are further described in Exhibit"A"attached hereto and incorporated by this reference. C. City believes it is in the public interest for Applicant/Developer to pay such Project Costs. Applicant/Developer understands that all work performed by the City related to the Project will be under the direction of City, but at Applicant/Developer's expense. 2. City Reirnburseine.tit Applicant/Developer agrees to frilly reimburse the City for the Environmental Documentation Costs. City has estimated the total Environmental Documentation Costs as being $80,808.00. This amount includes the environmental consulting services to be performed by Rincon Consultants, Inc. as described in Exhibit "A"(estimated at$70,268.00),plus an additional Contingency Amount of$10,540.00 for additional work that may be required and not included in the environmental consulting services to be performed by Rincon Consultants, Inc. as described in Exhibit "A". However, the Applicant/Developer acknowledges that the actual amount of such Environmental Services Costs may be different. Nonetheless, even though the actual amount of such Project Costs may be different, the Applicant/Developer agrees to reimburse the City for the full amount of the actual costs of such Project Costs in the manner provided in this Agreement. City will provide Applicant/Developer with an accounting of the Project Costs on a monthly basis, which accounting the Applicant/Developer agrees will be conclusive, in the absence of manifest error. The total cost of the Environmental Documentation Costs, as disclosed by the accounting, is called the"Reimbursement Amount." "a 1 Agreement No. 5528 3. Method of Reimbursement. a. Initials Dekscxsit. Except as provided below, upon execution of this Agreement, Applicant/Developer agrees to deposit with City$80,808.00 ("Deposit Amount") which represents 100 percent of the total estimated Reimbursement Amount. Environmental Documentation Costs associated with the Project will be charged against the deposit amount. b. The Deposit Amount will be placed in a non-interest bearing trust account established by the City Manager.Applicant/Developer understands and agrees that City will not pay interest to Applicant/Developer on the Deposit Amount and Applicant/Developer will not seek such interest payments from City. C. Re i;hllaw m7tDeoosit;. Whenever the Deposit Amount balance falls below $5,000, the C .._City may request the Applicant/Developer to replenish the amount ("Replenishment Deposit"). Applicant/Developer agrees to deliver a Replenishment Deposit to City within 10 business days following the City's request. d. Should the actual Reimbursement Amount exceed the Deposit Amount, Applicant/Developer agrees to promptly pay City any difference. Should the Reimbursement Amount be less than the Deposit Amount, City will refund Applicant/Developer any remaining Deposit Amount to Applicant/Developer within 30 days after determining the Reimbursement Amount. 4. Applicant/Develover Deftrult. Should Applicant/Developer fail to perform any of its obligations under this Agreement,then City may, at its option,pursue any one or more or all of the remedies available to it under this Agreement,at law or in equity.Without limiting any other remedy which may be available to it, if Applicant/Developer fails to pay either the Deposit Amount or a Replenishment Deposit, or fails to fully reimburse the City for the Project Costs and/or the Environmental Documentation Costs, City may cease performing its obligations under this Agreement and may bring an action to recover all costs and expenses incurred by the City in completing the studies, together with interest thereon from the date incurred at the rate of 10%per annum. 5.. Term. This Agreement will terminate either (i) 1.2 niorrths frons the date plrli �rtR/I r rrr to 'r"'s r licatior7 has becri aonr°ovcd by the City;(ii)when the Project has been disapproved by the City; or, (iii) the application has been formally withdrawn. Disapproval of the Project or the Applicant/Developer's withdrawal of the application does not excuse Applicant/Developer from reimbursing the City for the Environmental Documentation Costs incurred up to such date of disapproval or withdrawal pursuant to this Agreement. 6. Conflicts of Interest. a. Consultants Work For City. City has sole discretion to direct the work and evaluate the performance of the employees and contractors assigned to work on the Project, and City retains the sole right to terminate or replace any such employees or contractors. Notwithstanding the fact that Applicant/Developer provides funding for the performance of the reports and studies provided hereunder,such documents 2 Agreement No. 5528 prepared hereunder or any approvals granted reflect the City's independent judgment, and City has no obligation to approve the Project. b. N ,Etnp,l )Ya� cr�,t 1)y 11�s rltJi cya leper. Applicant/Developer represents and warrants that: i. For the 12-month period preceding the submission of its application for the Project, it has not entered into any arrangement to pay finance consideration to, and has not made any payment to,the City's consultants retained for the Project. ii. For a period of 12 months after final resolution of Applicant/Developer's application for the Project, neither Applicant/Developer, nor any of its representatives, agents or other persons acting in concert with Applicant/Developer, shall enter into any financial relationship with any consultants,or with any City official,agent or employee.Nor,during such period, shall Applicant/Developer propose to enter into any future relationship with the consultants, or with any City official, agent or employee. iii. It has not entered into any arrangement to pay financial consideration to, and has not made any payment to, any City official, agent or employee that would create a legally cognizable conflict of interest as defined in the Political Reform Act(California Government Code §§ 87100 et seq.). C. Conlinu.t)ications with Consultat)ts. Applicant/Developer may only communicate with consultants retained hereunder with the permission of the City's Director of Planning and Building Safety. In no case may Applicant/Developer direct consultant as to how to undertake or prepare consultant's work product. 7. ConiOl iat)cc with Latw.Applicant/Developer will,at its sole cost and expense,comply with all of the requirements of all federal,state,and local authorities now in force,or which may hereafter be in force,pertaining to this Agreement. 8. Waiver ol'Breach.Any express or implied waiver of a breach of any term of this Agreement will not constitute a waiver of any further breach of the same or other term of this Agreement. 9. It)sok,enc; ; _ e t i Re.t°mm Either the appointment of a receiver to take possession of all or substantially all of the assets of Applicant/Developer, or a general assignment by Applicant/Developer for the benefit of creditors, or any action taken or offered by Applicant/Developer under any insolvency or bankruptcy action, will constitute a breach of this Agreement by Applicant/Developer, and in such event this Agreement will automatically cease and terminate if Applicant/Developer or its successor or assign cease or fails to timely pay any amount due and payable by Applicant/Developer(or its successor or assign)under this Agreement. 10. Notices, Except as otherwise expressly provided by law, all notices or other communications required or permitted by this Agreement or by law to be served on or given to either party to this Agreement by the other party will be in writing and will be deemed served when personally delivered to the party to whom they are directed,or in lieu t .,.... i 3 . Agreement No. 5528 of the personal service,upon deposit in the United States Mail,certified or registered mail, return receipt requested,postage prepaid,addressed to: Applicant/ Developer at: J. Anthony Kouba 1445 Fifth Street Santa Monica, CA 90401 310-508-7904 City at: City of El Segundo Attn: Gregg McClain, Planning Manager 350 Main Street El Segundo, CA 90245 310-524-2393 Either party may change its address for the purpose of this Section by giving written notice of the change to the other party. 11. Acccptaancc ol''Elcctroriic S a auger. The Parties agree that agreements ancillary to this Agreement and related documents to be entered into in connection with this Agreement will be considered signed when the signature of a party is delivered by electronic mail in "portable document format" (i.e., .pdf)form, or by facsimile transmission. Such signature will be deemed to be and treated in all respects as an original signature. 12. Governing Law. This Agreement is made in and will be construed in accordance with the laws of the State of California, and exclusive venue for any action involving this Agreement will be in Los Angeles County. 13. Partiaut lruvaatictity. Should any provision of this Agreement be held by a court of competent jurisdiction to be either invalid or unenforceable, the remaining provisions of this Agreement will remain in effect,unimpaired by the holding. 14. Intearation.This instrument and its attachments constitute the sole agreement between City and Applicant/Developer respecting the matters above and correctly sets forth the obligations of City and Applicant/Developer. 15. Construction. The language of each part of this Agreement will be construed simply and according to its fair meaning, and this Agreement will never be construed either for or against either party. 16. AutholityLN42d,ification, The Parties represent and warrant that all necessary action has been taken by the Parties to authorize the undersigned to execute this Agreement and to engage in the actions described herein. This Agreement may be modified by written amendment. The City's manager,or designee,may execute any such amendment on behalf of City. 17. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be an original,but all of which together will constitute one instrument executed on the same date. [Signatures on following page] 4 Agreement No. 5528 IN WITNESS WHEREOF the parties hereto have executed this Agreement the day and year first hereinabove written. City of El Segundo, Segundo Restaurant Partnership,LLC, a municipal corporation. a California Limited Partnership 465—re , arlpenter ity Manager J. Antiio ny 0'Uba ATTEST: Tra' �'Wca ver;"Cil APPROVED AS TO FORM: ..........1111111111111111�-I'.�.......... Mark D.Hensley, 06)�torney tIf the owner is a Corporation or similar entity,then two officer signatures are required,or evidence must be provided that one signature binds the company} 5 Agreement No. 5528 EXHIBIT "A" PROPOSAL FOR ENVIRONMENTAL REVIEW AND TECHNICAL STUDIES FOR A ZONING CODE AMENDMENT AND HOTEL PROJECT PREPARED BY: RINCON CONSULTANTS,INC. DATED: APRIL 26,2018 6