HomeMy WebLinkAboutContracts & Agreements_28-2007_CCv0001.pdf SECOND AMENDMENT TO ENVIRONMENTAL IMPACT REPORT
FUNDING AGREEMENT
This second amendment (this "Second Amendment") to the Funding Agreement for the
preparation of an Environmental Impact Report("EIR")dated May 2,2006(the"Agreement"),by and
between the City of Redlands,a municipal corporation("City")and On Texas Street,LLC,a Delaware
limited liability company("Developer") is made and entered into this 20"' day of February, 2007.
RECITALS
WHEREAS,it is the desire of City and Applicant to amend their existing Agreement to increase
the scope of services and compensation to be paid to the consultant preparing the EIR for Applicant's
project;
NOW,THEREFORE,the Agreement between City and Applicant is hereby amended as follows:
Section 1. Section 1.of the Agreement entitled"Funding Obligation"is hereby amended to read
as follows:
"Within ten (10) days of the date of written request of City, Developer
shall deposit the sum of One Hundred Seventy-Two Thousand Six
Hundred Sixty-Nine Dollars ($172,669) (the "Deposit") with City to
engage a consultant who will commence preparation of the EIR. The
estimated cost of the EIR is Three Hundred Forty-Five Thousand Three
Hundred Thirty-Seven and 40/100 Dollars ($345,337.40), which
includes the sum of Two Hundred Eighty-Seven Thousand Seven
Hundred Eight-One Dollars($287,781.00)as the estimated costs for the
consultant's work, and the sum of Fifty-Seven Thousand Five Hundred
Fifty-Six and 40/100 Dollars ($57,556.40) as the estimated
administrative costs which will be incurred by City. The Deposit will be
applied towards the total cost of the EIR. Developer shall thereafter
make payments to City for the balance of all other costs and expenses for
preparation of the EIR within ten (10) days of the date City submits
written invoices to Developer."
Section 2. All other provisions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF,the parties have executed this Second Amendment,to be effective as
of February 20, 2007.
CITY OF REDLANDS ATTEST:
/Ton Harrison, Mayor Lo Poyze- "tary
ON TEXAS STREET LLC
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By:
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Title:
DJM,,AgrecnrntRAFC0 Arr=d Funding I"