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REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF REDLANDS AND MERITAGE HOMES OF CALIFORNIA INC. FOR THE REIMBURSEMENT OF FUNDS FOR IMPROVEMENTS TO THE PROPOSED "COYAZO PARK" WITHIN THE BERGAMOT SPECIFIC PLAN AND TENTATIVE TRACT MAP NO. 20336 This agreement ("Agreement") for the reimbursement of funds for improvements to the proposed "Coyazo Park" is made and entered into this 15th day of July 2025 ("Effective Date"), by and between the City of Redlands, a California municipal corporation and general law city ("City"), and Meritage Homes of California, Inc., a California corporation ("Meritage"). City and Meritage are sometimes individually referred to herein as a "Party" and, together, as the "Parties." RECITALS WHEREAS, Resolution No. 8254 of the City Council of the City of Redlands ("City Council") approved the Bergamot Specific Plan, which includes an 11.84 public sports park that will be dedicated to the City upon completion (the "Sports Park"); and WHEREAS, the City has requested that Meritage build and incorporate a Crow's Nest Building shown on the plans and specifications attached as Exhibit "A" and incorporated herein by this reference (the "Crow's Nest") within the Sports Park to support youth recreational football league operations that have historically shared space with baseball programs at a site designed for baseball; and WHEREAS, the Crow's Nest was not contemplated by the approved Bergamot Specific Plan; and WHEREAS, City has found and determined that the provision of reimbursement funds to — Meritage for the improvements to "Coyazo Park" serves a public purpose for the reason that the funds will facilitate the operations of youth football and provide better distribution of field resources to local youth sports organizations, enhancing the quality of life of local youth; and WHEREAS, Meritage is willing to incorporate the Crow's Nest within the Sports Park as requested by the City upon and subject to the terms and conditions of this Agreement. AGREEMENT NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: Section 1. Reimbursement. City hereby reimburses to Meritage the sum of Eight Hundred Thousand Dollars ($800,000) (the "Reimbursement Funds") for the construction of the Crow's Nest and any supplemental improvements associated with its construction. These supplemental improvements include but are not limited to the following: remedial grading, staking & surveying, utility stubs, bid administration, and other improvement required in the construction I I:\cmo\Agreements\Meritage Homes Coyazo Park Agreement (Crows Nest) FY25-0092 (v.4).doex-ms