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y � <br /> 4. <br /> AGREEMENT BETWEEN THE RANCHO PALOS VERDES <br /> IMPROVEMENT AUTHORITY AND THE ABALONE COVE <br /> LANDSLIDE ABATEMENT DISTRICT <br /> This Agreement is entered into this 2nd day of <br /> May , 2000, between the Rancho Palos Verdes <br /> Improvement Authority (hereinafter referred to as "Authority") <br /> and the Abalone Cove Landslide Abatement District (hereinafter <br /> referred to as "ACLAD") . <br /> RECITALS <br /> WHEREAS, ACLAD has installed a network of pumps and <br /> dewatering wells to remove water from the Abalone Cove <br /> Landslide; and <br /> WHEREAS, ACLAD also has installed and maintains a <br /> drainage system to remove the water which is generated by its <br /> dewatering wells; and <br /> WHEREAS, the Rancho Palos Verdes Redevelopment Agency <br /> ("Agency") also has installed a network of pumps and wells to <br /> remove water from the Abalone Cove Landslide; and <br /> WHEREAS, pursuant to an Agreement between ACLAD and <br /> Agency, dated April 5, 1994, ACLAD allowed Agency to connect <br /> some of its dewatering wells to discharge lines owned by ACLAD; <br /> and <br /> WHEREAS, pursuant to the April 5, 1994 Agreement, <br /> Agency and ACLAD agreed that ACLAD would maintain certain of <br /> Agency' s dewatering wells and that Agency would reimburse ACLAD <br /> annually for the cost of maintaining Agency' s dewatering wells <br /> and any discharge lines into which Agency' s wells drain, as set <br /> forth in said Agreement; and <br /> WHEREAS, pursuant to the provisions of the <br /> Reimbursement and Settlement Agreement between the County of Los <br /> Angeles, the City of Rancho Palos Verdes and Agency, certain <br /> monies (One million dollars) were deposited in a fund that is <br /> administered by Authority to maintain landslide abatement <br /> improvements; and <br /> WHEREAS, the Rancho Palos Verdes Redevelopment Agency <br /> has assigned to the Authority its obligations to ACLAD under the <br /> terms of the 1994 Agreement; and <br /> 000502 cwl L:\voll\cwl\0691413.2.DOC (2) <br />