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Tigertail Five LLC - FY2025-0451 GRANT AGREEMENT This Grant Agreement (“Agreement”) is entered into effective March 15, 2025, by and between the CITY OF RANCHO PALOS VERDES, a general law city & municipal corporation (the “City”) on the one hand, and Tigertail Five LLC. , a California limited liability corporation, (the “Grantee”), a business located at 29413 S. Western Ave., Rancho Palos Verdes, CA 90275 (“Project Property”), on the other hand. The foregoing are collectively referred to as the “Parties.” RECITALS A. The City has established its “Commercial Storefront Improvement Program” (the “Program”) pursuant to the adopted “Commercial Storefront Improvement Program Guidelines” (“Program Guidelines”) for the public purpose of encouraging the improvement and revitalization of the exterior facades of existing commercial buildings in the Western Avenue Commercial Corridor. B. The Program is administered by the City and funded from the City’s General Fund. C. The Project Property is a commercial business located within the Western Avenue Commercial Corridor and is eligible for participation in the Program. D. The City agrees to reimburse the Grantee for a percentage of eligible costs for the completion of storefront improvements at the Project Property as described in Exhibit “A”. E. The Grantee desires to participate in the Program pursuant to the terms and provisions of this Agreement, and in compliance with the Program Guidelines. AGREEMENT NOW, THEREFORE, for good and valuable consideration, it is agreed as follows: SECTION 1: GRANT FUNDING The City agrees to reimburse the Grantee for 50% of eligible costs associated with the completion of storefront improvements at the Project Property in an amount not to exceed $10,000, upon submittal of all properly executed and notarized forms set forth in Section 4 of this Agreement, and upon the City’s approval of all costs. The improvement costs that are eligible for City reimbursement include all labor, materials, equipment, and other contract items necessary for the proper execution and completion of the scope of work as shown on the plans, design drawings, specifications and estimates approved by the City. Such plans, design drawings, specifications, and estimates are attached hereto as Exhibit “A”. SECTION 2: WORK COMPLETION Grantee agrees that all work will be completed by a licensed contractor by September 15, 2025 , unless otherwise authorized by the City. The City’s program coordinator, or an authorized representative, shall periodically review the progress of the contractor’s work on the storefront improvement pursuant to this Agreement. Grantee agrees to allow the City or its agents access Docusign Envelope ID: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF 2 to buildings and the storefront improvements at the Project Property, when convenient to all parties, for inspection of the Storefront Improvement Program work. Such inspections shall not replace any required permit inspections by the City’s Building Inspectors. If the work is not in conformance with the approved plans, design drawings, and specifications, Grantee shall not be eligible for Grant funds unless and until it is brought into compliance. SECTION 3: FAILURE TO COMPLETE WORK If the Grantee, or their designated contractor, should fail to complete the improvements in conformity with the approved plans and specifications, or in conformance with any of the provisions of this Agreement, the City’s financial obligation shall cease. SECTION 4: REIMBURSEMENT REQUIREMENTS Upon completion of the improvements by the Grantee, and upon final inspections by the City, the Grantee shall submit to the City the following properly executed and notarized forms: 1) property owner’s sworn statement that the improvement costs have all been paid; 2) a statement by the architect for design work showing the full cost of the work (if applicable); 3) contractor’s sworn statement showing the full cost of the work and each separate component amount due to the contractor and each and every subcontractor involved in furnishing labor, materials, or equipment in the work; and 4) proof of payment of the contract cost s per the contractor’s statement, and final lien waivers from all contractors and subcontractors. If applicable, the Grantee shall also submit to the City a copy of the architect ’s statement of fees for professional services for preparation of plans and specifications. The City shall prepare a reimbursement request for the Grantee within sixty (60) days of receiving a completed owner’s statement, architect’s statement (if applicable), contractor’s statement, proof of payment and final lien waivers, for the approved costs as set forth in Section 1. Failure by the Grantee to submit all required documents (or), to comply with the provisions of this Agreement, (or) complete all improvements in accordance with the approved plans and specifications in the time specified will be deemed a breach of this Agreement. SECTION 5: MAINTENANCE OF WORK, REMEDIES FOR BREACH Upon completion of the work pursuant to this Agreement and for the duration of the Term (defined below), the Grantee and any subsequent operator of the Project Property, such as a new lessee, shall properly maintain the completed work in finished form and without change or alteration. The foregoing maintenance obligations shall include all such obligations set forth in the Program Guidelines. For the duration of the Term, the Grantee and any subsequent operator of the Project Property shall not enter into any contract for or take any other steps to alter, change, or remove any or all of the completed work, nor shall the Grantee or any subsequent transferee undertake any other changes, by contract or otherwise, to the improvements made per the Agreement, unless the proposed changes are first reviewed and approved by the City. Approval shall not be unreasonably withheld if the proposed changes do not substantially alter the original design concept of the improvements as specified in the plans, design drawings, and specifications approved pursuant to this Agreement. In the event the Grantee or any subsequent operator breaches this Section 5 (Maintenance of Work), the City may thereupon recover the entire amount of the grant from the Grantee and/or the subsequent operator of the Project Property, together with reasonab le attorney fees and costs incurred in enforcing this provision. Docusign Envelope ID: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF 3 In the event the Project Property is sold within three (3) years of this Agreement, the property owner, whether they are the original applicant or not, agrees to repay the City a prorated amount equal to the proportion of the three (3) years remaining, rounded to the nearest year. SECTION 6: INDEMNIFICATION To the maximum extent permitted by law, the Grantee hereby agrees, at its sole cost and expense, to defend protect, indemnify, and hold harmless the City, its elected and appointed officials, officers, employees, volunteers, attorneys, and agents (collectively, the “lndemnitees”) from and against any and all claims, including, without limitation, claims for bodily injury, death or damage to property, demands, charges, obligations, damages, causes of action, proceedings, suits, losses, stop payment notices, judgments, fines, liens, penalties, liabilities, costs and expenses of every kind and nature whatsoever, in any manner arising out of, incident to, related to, in connection with or arising from any act, failure to act, error or omission of the Grantee ’s performance or work hereunder (including any of its officers, agents, employees, Contractors) or its failure to comply with any of its obligations contained in the Agreement, or its failure to comply with any current or prospective law, except for such loss or damage which was caused by the sole negligence or willful misconduct of the City. The Grantee’s obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the Grantee or by the lndemnitees. This indemnification obligation shall survive this Agreement and shall not be limited by any term of any insurance policy required under this Agreement. a. Nonwaiver of Rights. The lndemnitees do not and shall not waive any rights that they may possess against the Grantee by way of acceptance by City, or the deposit with City, of any insurance policy or certificate required pursuant to this Agreement. b. Waiver of Right of Subrogation. The Grantee, on behalf of itself and all parties claiming under or through it, hereby waives all rights of subrogation and contribution against the lndemnitees. SECTION 7: ADDITIONAL WORK Nothing contained in this Agreement is intended to limit, restrict, or prohibit the Grantee from undertaking additional work in or about the subject premises, which is unrelated to the approved improvements provided for in this Agreement. SECTION 8: TERM This agreement shall be binding upon the City and upon the Grantee and their successor(s) to the Project Property for a period of three (3) years after the execution of this Agreement. It shall be the responsibility of the Grantee to inform subsequent owner(s)/lessee(s) of the Project Property of the provisions of this Agreement. SECTION 9: GRANT FORFEITURE The Grantee acknowledges that they will forfeit the grant for failure to pay any outstanding fees or taxes to the City of Rancho Palos Verdes or for failure to correct any violations of city codes and ordinances on the Project Property. Docusign Envelope ID: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF 4 IN WITNESS THEREOF, the parties have executed this Grant Agreement as of the day and year set forth above. “CITY” City of Rancho Palos Verdes, a general law city “GRANTEE” Tigertail Fire LLC., a California limited liability corporation. ____________________________ David L. Bradley, Mayor _________________________________ Aric Kodosh, Business Owner, Property Owner ATTEST: ____________________________ Teresa Takaoka, City Clerk APPROVED AS TO FORM Aleshire & Wynder LLP ___________________________ William W. Wynder, City Attorney CONSENT OF PROPERTY OWNER Property owner has read the foregoing and consents to the proposed improvements as described in Exhibit “A”. _________________________________ Aric Kodosh, Property Owner Tigertail Five LLC 29413 Western Ave. , Rancho Palos Verdes, CA 90275 [ Docusign Envelope ID: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF 5 EXHIBIT “A” The City agrees to reimburse the Grantee for a percentage of eligible costs for the completion of storefront improvements as the Project Property as described in the Scope of Work below and as shown in the following estimates and elevations. Scope of Work Renovate the front exterior of the storefront located at 29413 S. Western Ave. Improvement 1. Install new overhang at front of store. 2. Renovate Entrance and new overhang – Install new porcelain tile on walls, floor and front steps. 3. Prime and paint exterior walls. Total Estimated Project Cost: $25.000 Total Grant Funds Approved- (Tier 2) $10,000 Builder License Elevations – See Plans Docusign Envelope ID: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF Certificate Of Completion Envelope Id: 6CD149F4-FAE0-4F19-B2D4-D5DBE1B50ABF Status: Completed Subject: Complete with Docusign: Grant Agreement_ 29413 Western Ave_FINAL.pdf Source Envelope: Document Pages: 5 Signatures: 5 Envelope Originator: Certificate Pages: 5 Initials: 0 Lisa Garrett AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) 30940 Hawthorne Blvd. Rancho Palos Verdes, CA 90275 lisag@rpvca.gov IP Address: 72.34.97.146 Record Tracking Status: Original 2/19/2025 1:20:12 PM Holder: Lisa Garrett lisag@rpvca.gov Location: DocuSign Signer Events Signature Timestamp Aric Kadosh aric100@gmail.com GP Security Level: Email, Account Authentication (None)Signature Adoption: Pre-selected Style Using IP Address: 198.44.215.2 Sent: 2/19/2025 1:25:46 PM Resent: 2/24/2025 5:09:49 PM Viewed: 3/3/2025 10:47:55 AM Signed: 3/3/2025 10:53:10 AM Electronic Record and Signature Disclosure: Accepted: 2/19/2025 4:29:59 PM ID: 7794ff4b-c2c9-4c6f-a9ff-49982dea4767 David Bradley David.Bradley@rpvca.gov Self Anthem Blue Cross Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 104.28.48.217 Signed using mobile Sent: 3/3/2025 10:53:12 AM Viewed: 3/3/2025 11:53:46 AM Signed: 3/3/2025 11:53:58 AM Electronic Record and Signature Disclosure: Accepted: 4/6/2022 5:59:34 AM ID: f0c88f71-e2e8-4736-ab5c-59950463981e William Wynder wwynder@awattorneys.com City Attorney Security Level: Email, Account Authentication (None)Signature Adoption: Pre-selected Style Using IP Address: 50.112.162.3 Sent: 3/3/2025 11:53:59 AM Viewed: 3/3/2025 1:21:29 PM Signed: 3/3/2025 1:21:50 PM Electronic Record and Signature Disclosure: Accepted: 3/3/2025 1:21:29 PM ID: 8b200a8b-c301-4fa4-b788-a9e5b3547f6c Teresa Takaoka terit@rpvca.gov Security Level: Email, Account Authentication (None) Signature Adoption: Drawn on Device Using IP Address: 72.34.97.146 Sent: 3/3/2025 1:21:52 PM Viewed: 3/3/2025 1:51:08 PM Signed: 3/3/2025 1:51:16 PM Electronic Record and Signature Disclosure: Accepted: 3/3/2025 1:51:08 PM ID: c4849e10-0e86-4d2d-bb8f-25c46ce7d3c1 In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp City Clerk Office CityClerk@rpvca.gov Security Level: Email, Account Authentication (None) Sent: 3/3/2025 1:51:17 PM Viewed: 3/4/2025 4:09:22 PM Electronic Record and Signature Disclosure: Accepted: 9/24/2024 5:58:09 PM ID: 1bcb8e93-870a-4c5c-be5c-97c44ea3114e Lisa Garrett lisag@rpvca.gov Senior Administrative Analyst (CDD) City of Rancho Palos Verdes Security Level: Email, Account Authentication (None) Sent: 3/3/2025 1:51:18 PM Resent: 3/3/2025 1:51:21 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Brandy Forbes bforbes@rpvca.gov Security Level: Email, Account Authentication (None) Sent: 3/3/2025 1:51:19 PM Electronic Record and Signature Disclosure: Accepted: 10/10/2023 2:06:20 PM ID: 8bcda7b5-2e66-4dfe-b23e-97485972e4d3 Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 2/19/2025 1:25:46 PM Certified Delivered Security Checked 3/3/2025 1:51:08 PM Signing Complete Security Checked 3/3/2025 1:51:16 PM Completed Security Checked 3/3/2025 1:51:19 PM Payment Events Status Timestamps Electronic Record and Signature Disclosure ELECTRONIC RECORD AND SIGNATURE DISCLOSURE From time to time, City of Rancho Palos Verdes (we, us or Company) may be required by law to provide to you certain written notices or disclosures. 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