Agmt25 505 Penobscot Drive RWC,LLC

Browse Search

REV: 11-19-25 VR Proposed Project deadlines, so as not to exceed the amount available in the Evergreen Deposit Account. (c) The Parties acknowledge that deposits to the Evergreen Deposit Account are not a “source of income” within the meaning of the California Political Reform Act (pursuant to California Government Code Section 87103.6). (d) In no event shall City or its Consultants be obligated to perform any work in connection with Developer’s proposal for the Proposed Project, including but not limited to City review, evaluation, consideration, and processing of Developer’s proposal, where: (1) Developer is delinquent in the initial funding, or any required replenishment, of the Evergreen Deposit Account required by Subsections 4.02(a) & (b), above; (2) the actual costs associated with City staff time and/or Consultant work has exceeded the amount being held by City in the Evergreen Deposit Account to cover such costs; or (3) Developer is otherwise in breach of this Agreement in any respect. (e) Upon termination of this Agreement, City shall have a reasonable time to seek and receive from Developer all remaining and outstanding reimbursements to which it is entitled under this Agreement. Once all remaining and outstanding reimbursements have been paid to City by Developer, City shall return to Developer any remaining unused portion of the Evergreen Deposit Account. Section 4.03. Recordkeeping and Audits. (a) City shall maintain records with respect to the review, evaluation, consideration, and processing performed by City and its Consultants under this Agreement (the “Records”) in accordance with City’s current procedures. City shall retain such Records for the period required by law. The Records shall include official documentation evidencing the charges to support all costs. (b) City will make available to Developer all Records excluding attorney-client communications, attorney work product, and other confidential or protected information and documents, within a reasonable time after request for examination of such records is provided to City. If any audit reveals inaccuracies in billings or payments, the necessary adjustments to correct the inaccuracies shall be made. (c) Nothing in this Agreement shall be construed as to require City to provide Developer with documents, or portions of documents that are confidential, attorney work product, attorney-client privileged, or protected by any other privilege afforded under the law. ARTICLE 5. MISCELLANEOUS PROVISIONS Section 5.01. California Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California. The Parties agree that in the event ATTY/AGR.2025.318/505 Penobscot Drive RWC, LLC (Page 4 of 10)