Contracts & Agreements_176B-2023

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EA-7.1 (12.8.21) 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 1st day of October, 2023 ("Effective Date"), by and between the City of Redlands, a municipal corporation (hereinafter "City") and Newland Development Group, LLC., a Delaware Limited Liability Company (hereinafter "Applicant"). City and Applicant are sometimes individually referred to herein as a "Party" and, together, as the "Parties." RECITALS WHEREAS, Applicant has filed an application with City for a proposed subdivision of approximately 16.089-acres into six lots ranging from 2.114 acres to 2.829 acres in size (CRA No. 947, TTM No. 20635, construction of six buildings ranging between 29,718 square feet and 49,960 square feet in size, totaling 263,328 square feet of total floor space inclusive of office and mezzanine areas, and perform public improvements as required on adjacent right-of-way, and related site improvements, including on -site water treatment, landscaping and other requirements as identified (the "Project") located at 1660 Sessums Drive in the City of Redlands and comprised of the following parcels (APN 0168-041-20-0000, 0168-041-50-0000 and 0168-041-13-0000),which requires environmental review pursuant to the California Environmental Quality Act ("CEQA"); and WHEREAS, City, as Lead Agency, has determined that an Initial Study (the "IS") for the Project will be required pursuant to Section 15063 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 the 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 Newland Development Group, LLC agree as follows: AGREEMENT Section 1. Funding Obligation. Within ten (10) days of the date of written request of City, Applicant shall deposit the sum of eighty-six thousand one -hundred eighty-five dollars dollars ($86,185) (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 seventy-eight thousand three -hundred fifty dollars ($78,350), and the contract administration fee is set at seven -thousand eight -hundred thirty-five dollars ($7,835). Applicant acknowledges that Applicant is obligated by this Agreement to pay to 1 I:\cmo\Agreements\Newland Development Group, LLC Developer Funding Agreement-FY22-0268.docx-jm