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4.10.5 Proportionate Financial Obligation Imposed, compared to District <br /> 4.10.6 Assessment Calculations,including all variables used <br /> RCIA agrees to maintain such information and make it available to property owners within <br /> the District during regular business hours <br /> 4.11 Annual Assessment Preparation. No later than June 1 of each operating year, RCIA shall <br /> provide the City with Assessment data for the subsequent tax year (July 1 — June 30), in a <br /> format prescribed by the City. The Assessment data shall include a11 of the information <br /> required in"Assessment Records,"as described in paragraph 4.10. <br /> 4.12 Liaison with Communitv. RCIA shall maintain on-going communication and coordination <br /> with District property owners, residents and property owners, which sha11 include,but not be <br /> limited to: <br /> 4.12.1 Quarterly Meetings. At its own cost and expense, RCIA shall organize and conduct, at <br /> a minimum, quarterly meetings each year. In addition to the requirements set forth in <br /> Government Code section 54950 et seq., written notice of the annual meeting shall be <br /> mailed to all record owners of property in the District whose property is subject to the <br /> levy of an Assessment. This meeting will be conducted at a location convenient to the <br /> District. A City representative may attend as a member of the panel or as a Board <br /> member of the RCIA to provide information and assistance. <br /> 4.12.2 Other Events. Such other events and activities involving the District members that <br /> encourage attainment of the District goals and objectives. <br /> 4.12.3 RESERVED <br /> 4.12.4 Payment of Taxes. RCIA is responsible for paying, when due, a11 taxes, including <br /> income t�es, if any, including estimated taxes, incurred as a result of activities <br /> completed under this Agreement. On request,RCIA will provide the City with proof of <br /> timely payment of any taxes. RCIA agrees to indemnify and defend the City with <br /> counsel acceptable to the City for any claims, costs, losses, fees, penalties, interest or <br /> damages suffered by City resulting from RCIA's failure to comply with this provision. <br /> 4.12.5 Pavment of Expenses. RCIA will be responsible for all expenses incurred in performing <br /> its obligations under this Agreement. <br /> 4.12.6 Tools, Materials and Equipment. RCIA shall supply, or cause to be supplied, all tools, <br /> materials and equipment required, if any, to perform the obligations under this <br /> Agreement. <br /> 4.12.7 Compensation. RCIA agrees and understands that it shall receive no compensation for <br /> any of the obligations set forth in this Agreement. <br /> ATTY/AGR/2015.002/RWC CBID OPERATING AGREEMENT <br /> REV:O1-05-2015 PT <br /> Page 7 of 19 <br />