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Assignment Agreement btw RPV Redevelopment Agency and Improvement Authority (ACLAD) e;..rtASSIGNMENT AGREEMENT This Agreement is entered into this 4th day of Ap r i 1 2000, between the Rancho Palos Verdes Redevelopment Agency (hereinafter referred to as "RDA" or"Assignor") and the Rancho Palos Verdes Improvement Authority ("Authority" or"Assignee"). RECITALS WHEREAS, on April 5, 1994,Assignor and the Abalone Cove Landslide Abatement District (hereinafter referred to as"ACLAD") entered into an agreement whereby RDA could connect its five newest dewatering wells to the existing ACLAD drainage network and would be financially responsible and reimburse ACLAD for the operation, repair, maintenance and monitoring of RDA's dewatering wells and the facilities connecting the RDA wells to the existing drainage network, as set forth in the Agreement, a copy of which is attached hereto as Exhibit"A"; and WHEREAS, Assignor wishes to assign its rights and obligations under the Agreement to Assignee, and Assignee desires to acquire the rights and is willing to undertake Assignor's duties under the Agreement; NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS: 1. Assignor hereby assigns to Assignee all of its interest in the Agreement with ACLAD, dated April 5, 1994. 2. Assignee hereby assumes and agrees to perform all of Assignor's duties under the Agreement. IN WITNESS WHEREOF the parties hereto have executed this instrument as of the day and year first written above. Dated: Apr i 1 18 ,, 2 0 0 0 Rancho Palos Verdes Redevelopment Agency ("Assignor") By: Chairm� : ,rd ATTEST: I9 gency Secretary [Signatures continue] 000328 lsj CWL\0691413.3.doc .l 4 r , Dated: Apr i 1 18, 2000 Rancho Palos Verdes Improvement Authority ("As ' nee" By. Cha' Byrd ATTEST: 116 uthority Secretary CONSENT TO ASSIGNMENT The Abalone Cove Landslide Abatement District hereby consents to the foregoing assignment. Dated: itt/01) Abalone Cove Landslide Abatement District By: ChC"--kt....air AT EST: .A.44/L1LA_ rkg141a1( District Secretary 000328 lsj CWL\0691413.3.doc 2 a 1 y AGREEMENT This Agreement is entered into this 5th day of April , 1994 , between the Rancho Palos Verdes Redevelopment Agency (hereinafter referred to as "RDA") and the Abalone Cove Landslide Abatement District (hereinafter referred to as "ACLAD") . RECITALS WHEREAS, ACLAD has installed a network of pumps and wells to remove water from the Abalone Cove Landslide; and WHEREAS, ACLAD also has installed and maintains a drainage system to remove the water which is generated by its dewatering wells; and WHEREAS, consulting Geologist, Dr. Perry Ehlig, has- made a recommendation to RDA to install five additional dewatering wells to remove water from areas within the Abalone Cove Landslide in an attempt to stop landslide "creep" caused by the recent heavy rains; and WHEREAS, pursuant to Dr. Ehlig's recommendation, RDA wishes to install five additional dewatering wells, at RDA's expense, and to use the existing ACLAD drainage system to discharge the water which will be produced by the five new dewatering wells; 1111 NOW, THEREFORE, RDA AND ACLAD AGREE AS FOLLOWS: 1. RDA may connect its five new dewatering wells to the existing ACLAD drainage network. All costs associated with the installation of the five new dewatering wells and connection to the existing drainage network including, without limitation, drilling; installation of new drain pipes; acquisition of easements from affected property owners; repairs or remediation of any problems caused by the installation of the new wells, pipes and connections; and any clean-up after the work is completed, shall be borne by RDA. 2 . RDA also shall be financially responsible for the operation, repair, maintenance and monitoring of its existing dewatering wells, the five new dewatering wells and the facilities connecting the RDA wells to the existing drainage network. 3 . Except as provided in Section 7 of this Agreement, none of the costs referred to in Sections 1 and 2 of this Agreement shall be borne by ACLAD. 4. Within thirty (30) days of completion of the installation of the new facilities referred to in Section 1 of this Agreement, RDA shall provide to ACLAD a map which demonstrates the location of the five new dewatering wells, the facilities which will be installed to carry the water to the 111- 110 existing ACLAD drainage network, and the connections of the new facilities to the existing drainage system. 1111 5. If the output from the five new dewatering wells causes the volume carried by all, or any portion, of ACLAD's existing drainage system to exceed its capacity, and if RDA chooses to continue using ACLAD's existing drainage system to discharge the water produced by the new dewatering wells, then RDA will bear the cost of designing and improving the existing ACLAD drainage system so that it will have the capacity to accept the output from the new dewatering wells in addition to the output from the existing dewatering wells. 6. ACLAD shall bear the cost of maintenance and repair of any drainage facilities which serve only dewatering wells owned by ACLAD, . and RDA shall bear the cost of maintenance and repair of any drainage facilities which serve only dewatering wells owned by RDA. 7. ACLAD and RDA shall share the cost of maintenance and repair of any drainage facilities which serve both ACLAD wells and RDA wells. These costs shall be shared proportionally and shall be based upon the annual output of the wells which are servedby the particular drainage facilities. By way of example, a particular drainage facility discharges water produced from five dewatering wells; three of the wells are owned by ACLAD and two of the wells are owned by RDA. To compute each entity's share of the annual maintenance or repair cost of the drainage 110 facilities which serve those five wells, a percentage will be determined by dividing the total output of all five wells into the output of the wells owned by the particular entity. Annually, ACLAD and RDA shall estimate the total cost of repairing and maintaining the drainage facilities which serve wells owned by both entities and each entity's share of that cost. In April, 1994, and in January of each calendar year after 1994 that this Agreement is in effect, RDA shall deposit with ACLAD a sum of money which is equal to RDA's estimated share of the annual maintenance and repair cost for that year. At the conclusion of the calendar year, ACLAD and RDA shall determine the actual cost of maintenance and repair and each entity's share of the cost, based on the formula set forth in this Section 7 . If the estimated amount paid by RDA to ACLAD exceeded RDA's actual share of the maintenance and repair cost, then ACLAD shall refund the difference to RDA or apply the difference to RDA's share of the estimated cost for the following year. If the estimated amount paid by RDA to ACLAD is less than RDA's actual share of the maintenance and repair cost, then RDA shall pay the difference to ACLAD within thirty (30) days of the date of the determination of the actual amount. 7 • f • 8. ACLAD shall monitor and maintain all of the dewatering wells owned by RDA which are on property within the 1111 Abalone Cove Landslide. Annually, ACLAD and RDA shall estimate the cost of labor for the monthly monitoring and maintenance work. This sum is currently estimated to be $200. 00 per month or $2 ,400.00 per year. In April, 1994, and in January of each calendar year after 1994 that this Agreement is in effect, RDA shall deposit with ACLAD a sum of money which is equal to the estimated cost of labor for the monthly monitoring and maintenance of the dewatering wells during that year. At the conclusion of the calendar year, ACLAD and RDA shall determine the actual cost of the monitoring and maintenance work. If the estimated amount paid by RDA to ACLAD exceeded the actual cost of the monitoring and maintenance, then ACLAD shall refund the difference to RDA or apply the difference to RDA's share of the estimated cost for the following year. If the estimated amount paid by RDA to ACLAD is less than the actual cost of monitoring and maintaining the RDA dewatering wells, then RDA shall pay the difference to ACLAD within thirty (30) days of the date of the determination of the actual amount. 9. If any of RDA's wells require repair, and ACLAD is willing to make such repairs, ACLAD shall first advise RDA of the need to make the repairs and the Estimated cost of the repairs. 1111 If RDA authorizes ACLAD to perform the repair work, RDA shall reimburse ACLAD for the cost of the repairs. 10. The term of this Agreement shall be from the date first written above until terminated by one or both of the parties pursuant to the provisions of Section 11. 11. Either ACLAD or RDA may terminate this Agreement byprovidingnot g• • less than thirty (30) days notice in writing to the other party. 12 . This Agreement shall be interpreted under the laws of the State of California. 13 . This Agreement may be amended by the parties, provided that said amendment is in writing and executed by both parties. • 14. This Agreement contains the entire agreement between the parties hereto. No promise, representation, warranty, or covenant not included in the agreement has been or is relied upon by any party hereto. • A 411 15. Each provision of this Agreement is separate, 1111 distinct and individually enforceable. If any section or portion of this agreement is found to be invalid, such findings shall not affect the validity of the remainder of the Agreement, which shall continue in full force and effect. 16. An action arising from the terms and provisions of this Agreement shall entitle the prevailing party to recovery of reasonable attorneys' fees and court costs. 17. All notices pertaining to this Agreement shall be in writing and addressed as follows: If to RDA: Rancho Palos Verdes Redevelopment Agency 30940 Hawthorne Boulevard Rancho Palos Verdes, California 90274-5391 Attention: Executive Director If to ACLAD: Abalone Cove Landslide Abatement District P.O. Box 7000-169 Rancho Palos Verdes, California 90274-5391 Attention: Executive Director IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. 111/ Dated: April 5, 1994 Rancho Palos Verdes Redevelopment Agency i J2/1 By. C , �/ Chairman Y Kuykendall ATTEST: 16 )1 Agency Secretary Dated: #7007/ Abalone Cove Landslide Abatement District By: 4 AittIr/ airman Whitmore ATTES lt District Clerk