HomeMy WebLinkAboutContracts & Agreements_15-1972A G R E E M E N T
THIS AGREEMENT made this 18th day of
July, 1972, by
and between the REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS,
California, a public corporation (hereinafter sometimes called
the "Agency"), and O'MELVENY & MYERS, a co -partnership, of Los
Angeles, California (hereinafter sometimes called the "Attorneys");
W I T N E S S E T H:
It is mutually agreed between the parties hereto that:
1. In connection with a proposed redevelopment project
within the City of Redlands to be designated as Redlands Rede-
velopment Project, the Agency hereby employs the Attorneys to
furnish, and the Attorneys hereby agree to furnish,legal services
consisting of the examination.of a transcript furnished by the
Agency to the Attorneys covering, when completed, all proceedings
leading up to and including the adoption of the redevelopment plan.
The Attorneys shall report to the Agency its conclusions.from such
examinations.
The services under this Section 1 do not include services
in connection with any litigation and do not include the drafting
of documents, the supervision of proceedings or any other services
while the redevelopment plan proceedings are in progress, except
that the Attorneys will upon request of the Agency, examine and
make suggestions concerning an advance draft of the redevelopment
plan and an advance draft of the ordinance. of the City Council
approving and adopting the plan.
2. For the services rendered under Section 1 above the
Agency agrees to pay the Attorneys a fee of $500 upon completion
of the examination of the transcript covering the redevelopment
plan proceedings and the issuance of the report thereon.
3. Said fee will be applied against any fee for legal
services rendered in connection with'the issuance and sale of tax
allocation bonds by the Agency for the financing of a portion of
the cost of said redevelopment project.
4. In addition to the fees provided in this Agreement,
the Attorneys shall be reimbursed by the Agency on periodic
statements for any out-of-pocket expenses incurred by them in
the course of such employment for long distance telephone calls,
telegrams, travel at the Agency's request, and similar items.
5. It is recognized that the Attorneys may have
clients which may from time to time have interests adverse to
the Agency or to the City of Redlands and that the Attorneys
reserve the right to represent such clients in matters not con-
nected with such project or the issuance and sale of said bonds.
b. This contract shall be binding upon and inure to
the benefit of said firm of O'Melveny & Myers as presently con-
stituted or as changed hereafter by the death or retirement
therefrom of any present partners, or by the admission of new
partners, or by the death or retirement of any thereof, provided
that the opinion of the successor firm upon municipal bonds, whe-
ther under the same name or otherwise, is accepted by bond buyers
as readily as the opinion of the firm as presently constituted.
IN WITNESS WHEREOF, as of the date first hereinabove
written, the Agency has caused this instrument to be executed
on its behalf and in its name by its Chairman and attested by
its Secretary, and O'Melveny & Myers has caused this instrument
to be executed on its behalf and in its name by a partner.
ATTEST:
Acting Exe6utive Dirgctor
REDEVELOPMENT AGENCY OF THE
CITY OF REDLANDS
O'MELVENY & MYERS
By c
Partner