Agmt20 Redwood City Improvement Association-CBID Operating Agreement

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4.10.1 Assessor's Parcel Number 4.10.2 Street Address 4.10.3 Name and Address of Owner(s) of Record 4.10.4 Amount of the Assessment Levied 4.10.5 Proportionate Financial Obligation Imposed, compared to District 4.10.6 Assessment Calculations, including all variables used RCIA agrees to maintain such information and make it available to property owners within the District during regular business hours. 4.11 Annual Assessment Preparation. No later than June 1 of each operating year, RCIA shall provide the City with Assessment data for the subsequent tax year (July 1 — June 30), in a format prescribed by the City. The Assessment data shall include all of the information required in "Assessment Records," as described in paragraph 4.10. 4.12 Liaison with Community. RCIA shall maintain on-going communication and coordination with District property owners, residents and property owners, which shall include, but not be limited to: 4.12.1 Quarterly Meetings. At its own cost and expense, RCIA shall organize and conduct, at a minimum, quarterly meetings each year. In addition to the requirements set forth in Government Code section 54950 et seq., written notice of the annual meeting shall be mailed to all record owners of property in the District whose property is subject to the levy of an Assessment. This meeting will be conducted at a location convenient to the District. A City representative may attend as a member of the panel or as a Board member of the RCIA to provide information and assistance. 4.12.2 Other Events. Such other events and activities involving the District members that encourage attainment of the District goals and objectives. 4.12.3 RESERVED 4.12.4 Payment of Taxes. RCIA is responsible for paying, when due, all taxes, including income taxes, if any, including estimated taxes, incurred as a result of activities completed under this Agreement. On request, RCIA will provide the City with proof of timely payment of any taxes. RCIA agrees to indemnify and defend the City with counsel acceptable to the City for any claims, costs, losses, fees, penalties, interest or damages suffered by City resulting from RCIA's failure to comply with this provision. 4.12.5 Payment of Expenses. RCIA will be responsible for all expenses incurred in performing its obligations under this Agreement. ATTY/AGR/2020.108/RWC CBID OPERATING AGREEMENT REV: 06-25-2020 MI Page 7 of 18