HomeMy WebLinkAboutContracts & Agreements_128-2008_CCv0001.pdf FIRST AMENDMENT TO ENVIRONMENTAL IMPACT REPORT
FUNDING AGREEMENT
This first amendment(this"First Amendment")to the Environmental Impact
Report Funding Agreement dated April 17,2007(the"Agreement"),by and between the
City of Redlands,a municipal corporation(hereinafter"City"), and Wal-Mart Stores,
Inc.,(hereinafter"Applicant"),is made and entered into this 5,' day of August,2008,
RECITALS
WHEREAS,it is the desire of City and Applicant to amend Section I of their
Agreement, entitled"Funding Obligation;"
NOW THEREFORE,the Agreement between City and Applicant is hereby
amended to read as follows:
"Section 1. Funding Obli ag tion. Within ten(10)days of the date of written
request of City,Applicant shall deposit the sum of One Hundred Ninety-Three Thousand
Seven Hundred Sixty Dollars($193,760.00)(the"Deposit")with City to engage the
consultant who will commence work on the EIR. The estimated cost of the EIR is Four
Hundred Fifty-Three Thousand Dollars($453,000.00)which includes the sum of Three
Hundred Seventy-Seven Thousand Five Hundred Dollars($377,500.00)as the estimated
fee for the consultant's work and the sum of Seventy-Five Thousand Five Hundred
Dollars($75,500.00)as the estimated administrative costs which will be incurred by
City. The Deposit will be applied towards the total cost of the EIR. Applicant 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
Applicant."
Section 2. All other provisions of the Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF,the Parties hereto have executed this First
Amendment,to be effective as of August 5,2008.
CITY OF REDLANDS
$ZJAS
Date August 5, 2008
Harriso , yor
AT:
i Date August 5, 2008
L.00yzer, C ,. lec
WAL STO ,INC.
_ Date
ame
Title: Regional Vice President
ATTEST:
Date �
cretary
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