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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 30th day of March, 2021 ("Effective Date"), by and between the City of Redlands, a municipal corporation (hereinafter "City") and Village Partners Ventures, LLC, a limited liability company (hereinafter "Village Partners"). City and Village Partners are sometimes individually referred to herein as a "Party" and, together, as the "Parties." RECITALS WHEREAS, Village Partners has filed an application with City for a proposed mixed use residential and commercial development project (the "Project") located at those parcels commonly known as San Bernardino County Assessor's Parcel Nos. 0171-053-01-0000, 0171-053-02-0000, 0171-053-03-0000, 0171-053-04-0000, 0171-053-05-0000, 0171-053-06-0000, 0171-251-06- 0000, 0171-251-07-0000, 0171-251-08-0000, 0171-251-09-0000, 0171-251-10-0000 which requires environmental review pursuant to the California Environmental Quality Act ("CEQA'); and WHEREAS, Village Partners has informed City it is of the opinion that the Project satisfies the requirements for the preparation of a Sustainable Communities Environmental Assessment ("SCEA") pursuant to CEQA; and WHEREAS, City, as Lead Agency, has determined that a SCEA be prepared for the Project will be required pursuant to Section 15063 of the State CEQA Guidelines; and WHEREAS, the SCEA, and certain associated technical studies, will be prepared by a consultant approved by, and under contract to, City; and WHEREAS, by executing this Agreement, Village Partners expressly agrees to advance payment for all costs and expenses City incurs in the preparation of the SCEA related to Village Partners' 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 Village Partners' Project (collectively, the "Environmental Documents"); NOW, THEREFORE, in consideration of the mutual promises contained herein, the City of Redlands and Village Partners agree as follows: AGREEMENT Section 1. Funding Obligation. Within ten (10) days of the date of the written request of City, Village Partners shall deposit the sum of sixty thousand five hundred dollars ($60,500) (the "Deposit") with City to engage a professional consultant who will commence work on the Environmental Documents. The present estimated cost of the Environmental Documents is estimated to be one hundred seven thousand eight hundred thirty ($107,830), and the contract administration fee is set at ten thousand seven hundred eighty three dollars ($10,783). Village LAca\djm\Agreements\Village Partners Developer Funding Agreement.EA-7.1.FY20-0099.docx jn