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e;..rtASSIGNMENT AGREEMENT <br /> This Agreement is entered into this 4th day of Ap r i 1 <br /> 2000, between the Rancho Palos Verdes Redevelopment Agency (hereinafter referred to <br /> as "RDA" or"Assignor") and the Rancho Palos Verdes Improvement Authority <br /> ("Authority" or"Assignee"). <br /> RECITALS <br /> WHEREAS, on April 5, 1994,Assignor and the Abalone Cove Landslide <br /> Abatement District (hereinafter referred to as"ACLAD") entered into an agreement <br /> whereby RDA could connect its five newest dewatering wells to the existing ACLAD <br /> drainage network and would be financially responsible and reimburse ACLAD for the <br /> operation, repair, maintenance and monitoring of RDA's dewatering wells and the <br /> facilities connecting the RDA wells to the existing drainage network, as set forth in the <br /> Agreement, a copy of which is attached hereto as Exhibit"A"; and <br /> WHEREAS, Assignor wishes to assign its rights and obligations under the <br /> Agreement to Assignee, and Assignee desires to acquire the rights and is willing to <br /> undertake Assignor's duties under the Agreement; <br /> NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS: <br /> 1. Assignor hereby assigns to Assignee all of its interest in the <br /> Agreement with ACLAD, dated April 5, 1994. <br /> 2. Assignee hereby assumes and agrees to perform all of Assignor's <br /> duties under the Agreement. <br /> IN WITNESS WHEREOF the parties hereto have executed this <br /> instrument as of the day and year first written above. <br /> Dated: Apr i 1 18 ,, 2 0 0 0 Rancho Palos Verdes Redevelopment <br /> Agency ("Assignor") <br /> By: <br /> Chairm´┐Ż : ,rd <br /> ATTEST: <br /> I9 <br /> gency Secretary <br /> [Signatures continue] <br /> 000328 lsj CWL\0691413.3.doc <br />