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Abalone Cove Landslide Abatement District y � 4. AGREEMENT BETWEEN THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY AND THE ABALONE COVE LANDSLIDE ABATEMENT DISTRICT This Agreement is entered into this 2nd day of May , 2000, between the Rancho Palos Verdes Improvement Authority (hereinafter referred to as "Authority") and the Abalone Cove Landslide Abatement District (hereinafter referred to as "ACLAD") . RECITALS WHEREAS, ACLAD has installed a network of pumps and dewatering 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, the Rancho Palos Verdes Redevelopment Agency ("Agency") also has installed a network of pumps and wells to remove water from the Abalone Cove Landslide; and WHEREAS, pursuant to an Agreement between ACLAD and Agency, dated April 5, 1994, ACLAD allowed Agency to connect some of its dewatering wells to discharge lines owned by ACLAD; and WHEREAS, pursuant to the April 5, 1994 Agreement, Agency and ACLAD agreed that ACLAD would maintain certain of Agency' s dewatering wells and that Agency would reimburse ACLAD annually for the cost of maintaining Agency' s dewatering wells and any discharge lines into which Agency' s wells drain, as set forth in said Agreement; and WHEREAS, pursuant to the provisions of the Reimbursement and Settlement Agreement between the County of Los Angeles, the City of Rancho Palos Verdes and Agency, certain monies (One million dollars) were deposited in a fund that is administered by Authority to maintain landslide abatement improvements; and WHEREAS, the Rancho Palos Verdes Redevelopment Agency has assigned to the Authority its obligations to ACLAD under the terms of the 1994 Agreement; and 000502 cwl L:\voll\cwl\0691413.2.DOC (2) 411 111 WHEREAS, ACLAD has requested that Authority use some of the interest earned on the $1 million fund to pay for the costs incurred by ACLAD to maintain ACLAD' s dewatering wells and discharge lines so that ACLAD can use the funds that it obtains from the annual assessments, which ACLAD imposes on owners of property within the District, to install new dewatering wells and other capital improvements or facilities to abate the landslide and enhance the stability of the land within the District; and WHEREAS, Authority is willing, in its sole discretion, to reimburse ACLAD for certain of ACLAD' s expenditures that are directly related to maintaining the dewatering wells and discharge lines, which are not included within the scope of the 1994 Agreement between ACLAD and the Rancho Palos Verdes Redevelopment Agency; NOW, THEREFORE, AUTHORITY AND ACLAD AGREE AS FOLLOWS: 1 . On or before March 1st, ACLAD shall submit a written request to Authority for payment of reimbursable expenses, as defined in Section 4, for the upcoming fiscal year. Authority shall determine, in connection with the preparation of Authority' s budget, the maximum amount of money, if any, that Authority shall pay to ACLAD during that fiscal year, to reimburse ACLAD for the cost of maintaining, monitoring and repairing ACLAD' s dewatering wells and drainage facilities . 2 . The determination of the amount, if any, to be paid to ACLAD during a particular fiscal year shall be in the sole discretion of Authority. Authority shall advise ACLAD in writing of its determination, so that ACLAD can incorporate any amount to be allocated by the Authority into ACLAD' s budget for the upcoming fiscal year. 3 . Ninety percent of any sum authorized by Authority to bep aid to ACLAD shall be paid to ACLAD by August 31st of that fiscal year. Reimbursement for any remaining expenses authorized by this Agreement, not to exceed ten percent, shall be paid to ACLAD within sixty days following receipt from ACLAD of the accounting of expenditures referred to in Section 6, below. If ACLAD does not expend the full amount of any monies paid by Authority on authorized expenditures during a particular fiscal year, ACLAD either shall refund any unexpended monies to Authority within sixty days following the end of the fiscal year, or if Authority authorizes a payment to ACLAD for a 000502 cwl L:\voll\cw1\0691413.2.DOC (2) - 2 - 411 111 successive fiscal year, the amount to be paid to ACLAD for such successive year shall be the amount so authorized, less the unexpended monies from any prior payment (s) from the Authority. 4 . Pursuant to the provisions of Section 1, if Authority receives and approves a request for reimbursement from ACLAD for a particular fiscal year, which commences annually on July 1st, only certain types of ACLAD expenses shall be eligible for reimbursement . Reimbursable expenses shall include only those expenses that are directly related to the operation and maintenance of ACLAD' s dewatering wells and drainage facilities and are not within the scope of the 1994 Agreement. Such expenses shall include the cost of electric power to operate the de-watering wells and monies paid to contractors, which are related to the operation and maintenance of ACLAD' s dewatering wells and drainage facilities . Any expenses associated with any major capital projects are specifically excluded from reimbursement under this Agreement . 5. ACLAD shall keep detailed and itemized records of the maintenance, monitoring and repair of all dewatering wells and drainage facilities, which shall identify the particular dewatering well or drainage facility that has been maintained, repaired or monitored. 6. Within sixty days following the end of the fiscal year, ACLAD shall provide Authority with an itemized accounting of the maintenance, monitoring and repair of all dewatering wells and drainage facilities. The itemized accounting shall distinguish between expenses incurred in connection with the operation and maintenance of dewatering wells and drainage facilities owned or used by RDA and dewatering well and drainage facilities that are owned or used by ACLAD. With respect to expenditures relating to RDA facilities or ACLAD facilities for which ACLAD is seeking reimbursement from Authority, the itemized accounting also shall include copies of the actual invoices that have been paid by ACLAD, identification of the check number used to pay the particular invoice, and copies of the actual checks issued by ACLAD in payment of the expenditure. This itemized accounting shall be in a format acceptable to Authority. 7 . Authority Staff shall review the documentation of expenditures submitted by ACLAD for purposes of determining eligibility for reimbursement under this Agreement. With 000502 cwl L:\voll\cw1\0691413.2.DOC (2) - 3 - 411 110 1: respect to expenditures relating to ACLAD facilities, the determination of whether an expenditure falls within the provisions of this Agreement is in the sole and reasonable discretion of Authority. All payments made by Authority pursuant to the provisions of this Agreement shall be paid to ACLAD. Authority shall not pay any ACLAD invoice to a vendor or contractor. 8 . During the term of this Agreement ACLAD shall not reduce its annual assessments upon properties within the District below the assessments that existed as of July 1, 1999, without providing at least thirty days prior written notice of the proposed reduction to the Authority. 9. ACLAD shall indemnify, defend and hold Authority, the City of Rancho Palos Verdes, and RDA, and their respective officers, agents and employees harmless from any and all claims, causes of action, obligations, liabilities or financial losses arising from damages to persons or property which are caused by the negligence or willful misconduct of ACLAD and its agents or employees in the performance of this Agreement . 10 . Authority shall indemnify, defend and hold ACLAD and its officers, agents and employees harmless from any and all claims, causes of action, obligations, liabilities or financial losses arising from damages to persons or property which are caused by the negligence or willful misconduct of Authority and its agents or employees in the performance of this Agreement . 11 . 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 12 . 12 . Either ACLAD or Authority may terminate this Agreement by providing not less than thirty (30) days notice in writing to the other party, pursuant to the provisions of Section 18 . 13 . This Agreement shall be interpreted under the laws of the State of California. 14 . This Agreement may be amended by the parties, provided that said amendment is in writing and executed by both parties . 15 . This Agreement contains the entire agreement between the parties hereto. No promise, representation, warranty, or 000502 cwl L:\voll\cwl\0691413.2.DOC (2) - 4 - • . . • 411 covenant not included in the agreement has been or is relied upon by any party hereto. 16. Each provision of this Agreement is separate, 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. 17 . 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 . 18 . All notices pertaining to this Agreement shall be in writing and shall be sufficient if delivered personally or sent by United States Mail, certified or registered, postage prepaid, to the addresses listed below: If to Authority: Rancho Palos Verdes Improvement Authority 30940 Hawthorne Boulevard Rancho Palos Verdes, California 90275 Attention: Executive Director If to ACLAD: Abalone Cove Landslide Abatement District P.O. Box 7000-169 Rancho Palos Verdes, California 90275 Attention: Executive Director 000502 cwl L:\voll\cwl\0691413.2.DOC (2) — 5 - . . 411 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. Dated: May 2, 2000 Rancho Palos Verdes Improvement Authority By: Chairm Byrd ATTEST: Authority Secretary Dated: May2000 Abalone Cove Landslide Abatement District c B y: r' Chair ATTEST: �. .� District Clerk 000502 cwl L:\voll\cw1\0691413.2.DOC (2) — 6 -