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ORIGINAL <br /> AGREEMENT FOR PROFESSIONAL SERVICES <br /> (SARES REGIS GROUP OF NORTHERN CALIFORNIA, L.P.) <br /> THIS AGREEMENT is made and entered into as of the / day of March, <br /> 2011, by and between the REDWOOD CITY REDEVELOPMENT A ENCY a public <br /> y p <br /> body, corporate and politic, duly organized and existing under the laws of the State of <br /> California ("Agency"), an. - ' ' - - - - - ' e . _ : - - - a California Limited Partnership, ("Consultant"). 6 - •�,� -e�3 LLC. = <br /> RECITALS 4 .� <br /> A. Agency requires the professional services of a Real Estate Developer that <br /> is experienced in Due Diligence Coordination relating to the acquisition and <br /> development of real property. <br /> B. Consultant has the necessary experience in providing professional <br /> services and advice related to Due Diligence Coordination. City is pursuing an <br /> opportunity to purchase real property consisting of approximately 8.24 acres of land <br /> commonly referred to as 1548 Maple Street in the City of Redwood City, California (the <br /> "Property "). <br /> C. Selection of Consultant is expected to achieve the desired results in an <br /> expedited fashion. <br /> D. Consultant has submitted a proposal to Agency and has affirmed its <br /> willingness and ability to perform such work. <br /> NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br /> contained herein, the Parties agree as follows: <br /> 1. Scope of Work. Agency retains Consultant to perform, and Consultant agrees to <br /> render, those services (the "Services ") that are defined in attached Exhibit "A," which is <br /> incorporated herein by reference. In the event of a conflict between the provisions of <br /> Exhibit "A" and the terms of this Agreement, the terms of this agreement shall prevail. <br /> Agency shall have the right to modify the scope of work to delete tasks in whole or in <br /> part. <br /> 2. Standard of Performance. While performing the Services, Consultant will <br /> exercise the reasonable professional care and skill customarily exercised by reputable <br /> members of Consultant's profession practicing in the urban Northern California Area, <br /> and will use reasonable diligence and best judgment while exercising its professional <br /> skill and expertise. <br /> 3. Term. Unless earlier terminated, the term of this Agreement will commence upon <br /> the date first above written and shall expire upon completion of performance of Services <br /> hereunder by Consultant. <br /> ATTY/ AGR/2011.018/ SARES REGIS DOCKTOWN RDA <br /> 030211 <br /> 1 <br />