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Parking Agreement
This Parking Agreement dated October 17, 2002 is by and between Redlands Community
Investment Corporation (RCIC), a California corporation, and the City of Redlands,
Recitals
A. RCIC is the owner of 7,938 square feet of paved parking lot at the Southeast
Corner of 9`' and State Street, Redlands, California. The lot contains Seventeen parking spaces,
one of which is handicap designated.
B. The City of Redlands and Redlands Community Investment Corporation desire to
enter into this Agreement for the purpose of RCIC granting the City of Redlands use of
seventeen spaces in the parking lot located at the Southeast corner of 9 h and State Streets subject
to the terms of this agreement.
Now, therefore, in consideration of the premises and the mutual obligations of the parties
set forth herein., and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, it is mutually agreed as follows:
Operative Provisions
1. Tenn. The term of this agreement shall commence on November 1, 2002, and will
remain in effect on a month -to -month basis until Redlands Community Investment Corporation
and/or the City of Redlands terminates this agreement.
2. License Grant. RCIC hereby grants to the City of Redlands a non-exclusive license
to access the Property and use the Designated Parking spaces for the sole purpose of temporary
parking of motor vehicles by the City of Redlands, its principals, employees, agents, customers,
guests and invitees, and for no other purpose whatsoever. The license granted herein is limited
to the City of Redlands permitted use of the Designated Parking Spaces on an exclusive basis
Monday through Friday of each week during the terra of this Agreement.
3. Parkin Fee. The City of Redlands shall pay to RCIC $320.00 per month
commencing on the Effective Date of this Agreement and on the First (1") of each month
thereafter_
4. Late Charges and -Interest. If the City of Redlands fails or refuses to make any
payment to RCIC when due, the City of Redlands shall pay a late charge of ten percent (10%) of
the amount due, as liquidated damages, in addition to and not in lieu of RCIC's other remedies.
S. Right of Access, Improvements,, Gates, Entry and Closure. RCIC and its authorized
agents, contractors and representatives, shall be entitled to enter upon the Property at all times
for any purpose, including, without limitation, entry upon and closure of the Property to
undertake work for repairs, use, maintenance, additions, alterations and/or improvements on or
of the Property which RCIC deems necessary or advisable.
P F 1 of 3 Cm Of RMLANUS RCIC PARK AGRLWAT � 10302 REV LG
Waiver. RCIC shall not be responsible for or liable for, and the City of Redlands hereby
expressly waives any and all claims against RCIC, its officers, directors, shareholders,
employees, agents, contractors, subcontractors, guests or invitees, for injuries to persons or
damage to the City of Redlands' property or the property of its principals, employees, agents,
contractors, subcontractors, customers, guests and invitees, regardless of the cause.
Indemnification. Commencing on the Effective Date; the City of Redlands shall indemnify, and
hold RCIC harmless from any and all claims, actions, liens, demands, expenses and judgments
for loss, damage or injury to property or persons resulting or arising by reason of the City of
Redlands' permitted access to the Property and/or the Permitted Use.
Notices. Unless otherwise provided herein, any notice, correspondence or payment, or other
communication required or permitted to be given hereunder snail be in writing, and shall be
considered effective upon personal delivery. All such notices will be addressed as set forth
below.
To RCIC: Redlands Community Investment Corporation
Attn: Keene Matsunaga, Property Manager
300 East State Street, 5 h floor
Redlands, CA 92373
To City of Redlands: City of Redlands
Attn: Jeff Shaw
Community Development Director
P.O. Box 3005
35 Cajon St., Suite 6
Redlands, CA 92373
PAGE 2 OF 3
Cnv � RrULANns. RCIC PARK ACPXMrw 10302 REV EG
IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective on
the Effective Date.
RCIC:
Redlands Community Investment Corporation
By:
Its:
Its;
Date:
PArA 3 OF 3
City of Redlands
By:
Karl N, Haws, .Mayor
ATTEST:
By:
r ie �o C-4t:y Clerk
Date: November 5, 2002
Crrr ex REmAN .RC3C PARL Arwmwy Lc 10302 REV LC