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BA-7[(4/[8) FUNDING AGREEMENT FOR PROFESSSIONAL ENVIRONMENTAL REVIEW SERVICES FOR A PRIVATE PROJECT This funding agreement for professional environmental review services ("Agreement") is made and entered into this 2511' day of October 2018 ("Effective Date"), by and between the City of Redlands, a municipal corporation (hereinafter "City") and Dedeaux Properties, a limited liability corp (hereinafter "Applicant") City and Applicant are sometimes individually referred to herein as a"Party" and,together, as the "Parties " RECITALS WHEREAS, Applicant has filed applications with City for a proposed Commission Review and Approval and a Tentative Parcel Map to construct two (2) concrete tilt-up industrial buildings totaling 154,000 square feet of approximately ninety percent warehouse space and ten percent office space, and subdivide approximately 7 7 acres into two parcels, 3 62 and 4 14 acres in size, (the "Project") located at the northwest corner of Alabama Street and Park Avenue (Assessor's Parcel Numbers 0292-154-10-0000 and 0292-154-17-0000) which requires environmental review pursuant to the California Environmental Quality Act("CEQA"), and WHEREAS, City has determined that an Initial Study ("IS") for the Project will be required pursuant to Sections 15162 and 15164 of the State CEQA Guidelines, and WHEREAS, the IS will be prepared by a consultant approved by and under contract to City, and WHEREAS, by executing this Agreement, Applicant expressly agrees to advance payment for all costs and expenses City incurs in the preparation of the IS related to Applicant's Project and for any associated investigations, environmental studies, and documents permitted or required by CEQA or other federal or state law in connection with the processing of Applicant's Project(collectively,the "Environmental Documents"), NOW, THEREFORE, in consideration of the mutual promises contained herein, the City of Redlands and Dedeaux Properties agree as follows- AGREEMENT Section 1 Funding ObI ag ton Within ten (10) days of the date of written request of City, Applicant shall deposit the sum of fifty thousand one hundred thirty dollars ($50,130 00) (the "Deposit") with City to engage a professional consultant who will commence work on the Environmental Documents, and to fund a ten percent (10%) contract administration fee The present estimated cost of the Environmental Documents is fifty thousand one hundred thirty dollars ($50,130 00) and the contract administration fee is set at of five thousand thirteen dollars ($5,013) Applicant acknowledges that Applicant is obligated by this Agreement to pay to City the full, actual cost for the preparation of the Environmental Documents, as deemed reasonable or necessary by City, to ensure the legal sufficiency of the Environmental Documents The Deposit will be applied towards the actual total cost of the Environmental Documents. Applicant I L kaldjrn\AgreementslFunding Agreement with Dedeaux Properties.doc