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HomeMy WebLinkAboutA8613 - WEST HOLLYWOOD COMMUNITY DEVELOPMENT CORP (WHCHC)F- n h V Ll 911 Contract CIT Y Ur r " Company Name: West ftIT =26;oar 6hikbevelopment Corportation(WHCHC) Company Contact: Jesse-S"�y, -Pte 'e_' At CEO Summary of Services: Exclusive Negotiating Agreement —Amendment No.1 For 1.75 acres at W. Stevens Road and N. Palm Canyon Drive. (Agave at Palm Springs) Contract Price: No Funds Required. Agreement to negotiate only. Funding Source: N/A Contract Term: Negotiating Period Extended By 180 Days until October 28, 2021 Contract Approvals City Manager Approval Date: Agenda Item No./ Resolution Number: Agreement No: A8613 Contract Administration Lead Department: Community & Economic Development Contract Administrator: Jay Virata, Director Contract Compliance Exhibits: N/A Signatures: Yes Insurance: N/A Bonds: N/A CONTRACT ABSTRACT Contract prepared by: Jay Virata Submitted on: April 28, 2021 By: Annie Rodriguez, Housing Program Assistant EXCLUSIVE NEGOTIATING AGREEMENT AMENDMENT NO. 1 WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION This Amendment No. 1 to Agreement A8613, an Exclusive Negotiating Agreement by and between the CITY OF PALM SPRINGS, a California charter city and municipal corporation ("City"), acting in its capacity as Housing Successor Agency, and WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION, a California non-profit community development corporation (the "Developer" or "WHCHC") for the properties located at the southwest corner of W. Stevens Road and N. Palm Canyon Drive, consisting of approximately one and seventy-five one hundredths (1.75) acres and currently owned by City (the "Site"). The site consists of two (2) parcels: 1) parcel with Assessor's Parcel Number (APN) 505-182-010 known as the "Reservoir Property", owned by the City of Palm Springs and 2) parcel with APN 505-182-004 known as the "Casa del Camino Property" owned by the City of Palm Springs acting as Successor Agency to the former Community Redevelopment Agency of the City of Palm Springs. RECITALS WHEREAS, the City and Developer entered into an Exclusive Negotiating Agreement on November 2, 2020, for properties located the Site ("ENA"); and WHEREAS, the ENA establishes a Negotiating Period of 180 days for the City and Developer to diligently and in good faith negotiate the terms of a DDA for the development of an affordable housing project at the Site; WHEREAS, the Negotiating Period of 180 days will expire on May 1, 2021, unless extended; WHEREAS, Developer's application for No Place Like Home funds from the State of California requires Developer to demonstrate site control through the award of funding which is anticipated by Summer 2021. WHEREAS, Section1.2 of the ENA allows the City Manager to extend the Negotiating Period for two (2) additional, ninety (90) day periods, totaling 180 days, by written amendment to the ENA; and; WHEREAS, Developer has requested the City Manager extend the Negotiating Period for 180 days to comply with the No Place Like Home funding requirements. NOW, THEREFORE, the City and Developer do hereby mutually agree as follows: AGREEMENT The Negotiating Period is hereby extended by 180 days until October 28, 2021. 2. All other terms and conditions of the ENA shall remain unchanged and in full force and effect. [SIGNATURES ON FOLLOWING PAGE] IN WITNESS THEREFORE, these parties have executed this Amendment No. 1 as of the dates stated below. CITY OF PALM SPRINGS \ - �Ak� Date: "t �c Justin C ' n, City MaVager C�) APPROVED AS TO FORM: N. Jef Key- 9 EiallirwjVr-, City Attorney ATTEST: West Hollywood Community Development Corporation 7530 Santa Monica Boulevard West Hollywood, CA 90046 Date: IZA° -'•4 Jesse Slansky, President and CEO Contract Company Name Company Contact: Summary of Services Contract Price: Funding Source: Contract Term: Contract Administration Lead Department: I Contract Administrator: CONTRACT ABSTRACT Exclusive Negotiating Agreement West Hollywood Community Housing Corporation (WHCHC) Matt Mason Exclusive Negotiating Agreement —1.75 acres at W. Stevens & North Palm Canyon Dr. (Agave at Palm Springs) n/a Agreement to Negotiate only n/a Six months with two 90 day extension options Community & Economic Development Diana Shay Contract Approvals Council/ Community Redevelopment Agency Approval Date: Minute Order/ Resolution Number: Agreement No: n/a Res NO. � Contract Compliance ✓GLrd - ��tu, . Exhibits: Included Signatures: Included OC Insurance: Included �� �� f ni Bonds: n/a Contract prepared by: Community & Economic Development Department Submitted on: 10-14-20 By: Diana Shay IT EXCLUSIVE NEGOTIATING AGREEMENT BY AND BETWEEN CITY OF PALM SPRINGS, CALIFORNIA AND WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION This Exclusive Negotiating Agreement (the "Agreement") is entered into as of this 2AJ day of Il oo&,,�r , 2020, by and between the CITY OF PALM SPRINGS, a California charter city and municipal corporation ("City"), acting in its capacity as Housing Successor Agency, and WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION, a California non-profit community development corporation (the "Developer' or "WHCHC"). City and the Developer may sometimes hereinafter be referred to individually as a "Party" and collectively as the "Parties," with reference to the following facts: RECITALS A. City is a charter city, corporate and politic, exercising governmental functions and powers. B. In January, 2020, City issued that certain Request for Proposals ("RFP") seeking a purchaser and a developer for the property located at the southwest corner of W. Stevens Road and N. Palm Canyon Drive, consisting of approximately one and seventy-five one hundredths (1.75) acres and currently owned by City (the "Site"). The Site is described on "Exhibit Al" and depicted on "Exhibit A2.': each of which is attached hereto and incorporated herein by this reference. The site consists of two (2) parcels: 1) parcel with Assessor's Parcel Number (APN) 505-182-010 known as the "Reservoir Property", owned by the City of Palm Springs and 2) parcel with APN 505-182-004 known as the "Casa del Camino Property" owned by the City of Palm Springs acting as Successor Agency to the former Community Redevelopment Agency of the City of Palm Springs. C. As part of the Developer selection process for the Site, City issued a Request for Proposals ("RFP") in January 2020, and received two (2) responses. The Palm Springs City Council (the "City Council") selected WHCHC to be the Site's developer. D. The Developer responded to the RFP with a submittal dated February 27, 2020 (the "Developer's Proposal"). The City Council selected the Developer as the developer for the Site in reliance on the Developer's Proposal. E. The Developer has proposed development of an affordable housing project named Agave at Palm Canyon (the "Project"). The Project will be consistent with the land use designation for the Site under the General Plan, City's zoning ordinance. and applicable specific plans, as may be amended from -1- 55575,38175\33156498.6 time to time. The Site is located within a split C11R-2 zone, which allows for the construction of up to fifteen units per acre or twenty-six (26) residential units on the Site. The addition of a density bonus for affordable housing under California statutes and regulations permits a density increase of 35% for a total of nine (9) additional units. Developer's plan is for seventy-one (71) residential units to be accomplished through application under a Planned Development District (PDD) with the public benefit of providing affordable housing. F. The Project shall be located upon the Site, which is currently unimproved. G. City desires to fulfill its objectives under the Housing Element of City's General Plan by providing additional affordable housing units in City. The development of the Project will further City's goals of creating affordable housing units. H. The purpose of this Agreement is to establish procedures and standards for the negotiation by City and the Developer of a Disposition and Development Agreement (a "DDA") for development of the Project on the City owned property. Additionally, it is anticipated that the Successor Agency and Developer will enter into a Purchase and Sale Agreement for the Successor Agency owned Property. As more fully set forth in Section 3.1, below, this Agreement in itself does not grant the Developer or any successor the right to develop the Project or the Site. WITH REFERENCE TO THE FACTS RECITED ABOVE, City and the Developer agree as follows: ARTICLE 1: EXCLUSIVE NEGOTIATIONS RIGHT Section 1.1 Good Faith Negotiations. a. During the Negotiating Period described in Section 1.2, below, City and the Developer shall diligently and in good faith negotiate the terms of a DDA for the development of the Project on the Site, and shall cooperate in conducting such Project feasibility activities as each Party deems appropriate. During the Negotiating Period, the Parties shall use good faith efforts to accomplish the respective tasks outlined in the Schedule of Performance attached as "Exhibit B" to this Agreement to facilitate the negotiation of a mutually satisfactory DDA. Thereafter, the Parties shall use their best efforts to negotiate in good faith the final terms of the DDA. b. Among the issues to be addressed in the negotiations for provisions to be included in the DDA are the total development costs of the Project, the nature and amount of financial investment in the Project by the Developer and City, if any, remediation of any -2- 55575.38175133156498.6 adverse Site conditions, the Developer's responsibility to obtain entitlements and any environmental clearances, the development schedule for the Project, financing of the Project, marketing and management of the Project, design and aesthetic considerations of the Project, Site layout, preliminary design and architectural concepts and plans, the quality and type of construction, and the provision of public improvements related to the Project. C. As part of the negotiations under this Agreement, the Developer shall make reasonably available such additional staffing, consultants and other resources as may be required for the timely resolution of issues that may arise during negotiations and for the expeditious review of documents to be prepared by or on behalf of City. It is anticipated that, except as City may otherwise determine, negotiations and other meetings between the Parties during the Negotiating Period of this Agreement will take place at City's offices, other locations in Palm Springs or by electronic means, and draft documents will be prepared by City or its attorneys and consultants and provided to the Developer and its attorneys and consultants for review and comment. During the Negotiating Period of this Agreement, the Developer agrees to participate in monthly community information meetings, as requested and hosted by City. These meetings will update the community on the progress of negotiations, and will seek community input on Project design, environmental and traffic issues. d. Each Party acknowledges and agrees that the other party shall be deemed to be acting in good faith so long as it makes reasonable efforts to attend scheduled meetings, directs its consultants to cooperate with the other Party, provides information necessary to the negotiations to the other Party, and uses commercially reasonable efforts to review and return with comments all correspondence, reports, documents, or agreements received from the other Party that require such comments. Section 1.2 Negotiating Period. a. The negotiating period under this Agreement (the "Negotiating Period) shall be one hundred eighty (180) days from the date of this Agreement. If a DDA has not been executed by the Parties (or by City and a party related to the Developer and approved by City) by the expiration of the Negotiating Period, then this Agreement shall terminate and neither Party shall have any further rights or obligations under this Agreement, except as set forth in Sections 1.4, 3.2, 3.3, and 3.6. However, if requested by the Developer, the City Manager may extend the Negotiating Period for two (2) additional, ninety (90) day periods. The Negotiating Period may be -3- 55575.38175L33156498.6 extended only by written amendment to this Agreement, and no other act or failure to act by City or any of its representatives shall result in an extension of the Negotiating Period. If such extension is not granted, this Agreement shall automatically terminate. b. Notwithstanding the foregoing, if the Developer signs and submits to City a DDA approved as to form and content by City Manager within the Negotiating Period, the Negotiating Period will automatically be extended by a period of 30 days to permit the City Council to consider the proposed DDA. C. If a DDA is executed by both Parties, then upon such execution this Agreement shall terminate, and all rights and obligations of the Parties shall be as set forth in the executed DDA. d. This Agreement may also be terminated if the Parties agree in writing that a successful consummation of the negotiations is impossible. Section 1.3 Exclusive Negotiations. During the Negotiating Period, City shall not negotiate with any person or entity, other than the Developer or a party affiliated with Developer and approved by City, regarding development of the Site or any portion thereof, or solicit or entertain bids or proposals to do so. The Developer acknowledges, however, that City may, from time to time, be contacted by other developers and interested parties regarding the Site and that such contact is permitted so long as City does not initiate the contact and indicates to such other parties that City has executed this Agreement with the Developer and that City is unable to discuss anything concerning these negotiations with such other parties, to entertain any offer or proposals, or to negotiate with any such parties until this Agreement expires or is terminated. Section 1.4 Good Faith and City Consultant Costs Deposit. a. The Developer acknowledges that City shall expend substantial resources in the negotiation and performance of the tasks in the DDA. Concurrently with the full execution of this Agreement by City and the Developer, the Developer shall submit to City as a good faith and consultant cost reimbursement deposit the amount of Fifteen Thousand Dollars ($15,000) (the "Deposit") to ensure that the Developer will proceed diligently and in good faith to negotiate and perform all of the Developer's obligations under this Agreement and to pay for City's costs and expenses in negotiating and preparing the DDA and complying with planning and environmental review. Such costs may include but are not limited to fees and services of economic consultants and attorneys, selected by City, relating to the Project and the preparation of the DDA ("Consultant Costs"). At City's election, the Developer may provide the Deposit -4- 55575.38175133156448.6 in the form of cash, a pledged certificate of deposit, an interest bearing account that is controlled by City, or such other form of security acceptable to City in its sole discretion. If the balance in the deposit falls below $5,000 City may request an additional deposit from Developer. City shall not proceed with City's obligations under this ENA until the deposit is replenished. b. To the extent funds remain in the deposit account by the end of the term of this Agreement and a DDA has not been entered into (or a City Manager approved DDA has not been executed and submitted to City by the Developer), and the Developer has negotiated in good faith and is not in breach of this Agreement, City shall return the unexpended balance of the Deposit to the Developer along with an accounting of the Consultant Costs incurred by City. C. If performance of this Agreement results in execution of a DDA, any remaining funds in the Good Faith Deposit shall be applied to the Developer's purchase price of the Site or shall be returned to Developer, at Developer's option. Section 1.5 DDA Terms and Conditions. The essential terms and conditions of the DDA to be negotiated and drafted pursuant to this Negotiation Agreement shall be guided by the following requirements and conditions: a. The negotiations shall be based on and guided by, and the DDA shall incorporate, the objectives, parameters, development requirements, terms and conditions and other requirements set forth in the RFP and the Developer's proposal. b. The DDA shall be subject to the policies and requirements of City and State of California: i. Payment of Prevailing Wages, as that term is customarily used in similar agreements with similar parties, in accordance with applicable State and/or federal law; Equal Opportunity and Nondiscrimination, as those terms are customarily used in similar agreements with similar parties; iii. City Standard Insurance Requirements; iv. Any and all other applicable and customary City policies. 55575.38175UA 156496.6 C. The DDA shall contain a scope of development setting forth design parameters for the Site and a requirement for the submission of plans to City for approval. d. The DDA shall contain a schedule of performance setting forth the respective times in which City and the Developer are obligated to perform their respective obligations. e. The DDA shall include a detailed development budget, sources and uses budget, and a feasible method of financing, reasonably demonstrating to City the availability of all funds needed to complete the Project. The DDA shall require the submittal of documentation of all proposed construction loans and the Developer equity needed to carry out the proposed method of financing. The Developer agrees to make continuing full disclosure to City of its proposed methods of financing the Project. f. The DDA may contain details of City financial assistance and may include, but not be limited to, consideration for land assembly, affordable housing, public parking and off -site public improvements. To the extent City provides financial assistance for the Project, the terms of repayment, shall be negotiated during the Negotiating Period and shall be set forth in the applicable DDA. g. The DDA shall set forth conditions precedent to the conveyance of any interest in property to be conveyed by City to the Developer, and to the disbursement of any funds by City or funds to be advanced by the Developer and reimbursed by City in accordance with the terms of the DDA, to ensure that the Project will be developed and used as required by the DDA. h. Subject to Section 3.9, below, the DDA shall prohibit, without written City consent, which consent shall not be unreasonably withheld, conditioned or delayed, any assignments or transfers by the Developer until completion of any construction required by the DDA, including any assignment of a security interest in the Site for financing purposes. Provided, however, City hereby consents to a transfer from Developer to an affiliated limited partnership of which Developer is the sole member of the general partner for purposes of obtaining low income housing tax credit proceeds. The DDA shall set forth use restrictions relating to the Project, which use restrictions may be set forth in a covenant to be recorded against the Site. If necessary and appropriate to secure financing, any such use restrictions may be subordinated to the liens of Developer's conventional lenders executed in connection with the financing approved by the City.. -6- 5 557538175\33156498.6 Section 1.6 Identification of Negotiating Representatives. The Developer's representative to negotiate the DDA with City is Matt Mason, Director of Real Estate Development. The Developer's key consultants are Sarah Perez, Esq. and others that will be identified by the Developer throughout the term of this Agreement. City's representative to negotiate the DDA with the Developer are David Ready, City Manager, Marcus Fuller, Assistant City Manager, Jay Virata, Director of Community and Economic Development, or Jeffrey S. Ballinger, City Attorney. Either Party may designate a substitute representative and consultants by giving written notice to the other Party of the name of such substitute representative. ARTICLE 2: NEGOTIATION TASKS Section 2.1 Overview. To facilitate negotiation of the DDA, the Parties shall use reasonable good faith efforts to accomplish the tasks set forth in the Schedule of Performance in the timeframe set forth therein so as to support negotiation and execution of a mutually acceptable DDA before the expiration of the Negotiating Period. The dates set forth in the Schedule of Performance for the performance of various tasks by the Developer may be extended by City in its sole discretion. Section 2.2 Reports. a. The Developer shall provide City with copies of all final reports, studies, analyses, correspondence, schematic design drawings, and similar documents, prepared or commissioned by the Developer with respect to this Agreement and the Project, promptly upon their completion. City shall provide the Developer with copies of all reports, studies, analyses, correspondence, and similar documents prepared or commissioned by City with respect to this Agreement and the Project, promptly upon their completion. City shall exercise good faith efforts to provide to the Developer within a reasonable period after the execution and delivery of this Agreement all reports it has caused to be made, both internally or through consultants, and that it possesses respecting the Site. By way of example, City shall provide to the Developer civil engineering reports including, without limitation, boundary and topographical surveys, environmental reports, soils reports and appraisals in the possession of City on the date of this Agreement. The Developer has obtained all the public reports reasonably available to it that were created before the date of this Agreement Nothing in this Section 2.2 obligates City to undertake any studies or analyses. Any document provided to any party pursuant to this section shall be without warranty. -7- 55575.38 l 75\33 l 56498.6 b. While desiring to preserve its rights with respect to treatment of certain information on a confidential or proprietary basis, the Developer acknowledges that City will need sufficient, detailed information about the proposed Project to make informed decisions about the content and approval of the DDA. C. Unless otherwise provided by law, all documents and reports submitted to City pursuant to this Agreement shall become the property of City, and will be subject to the California Public Records Act (Government Code Section 6250 et seq.). Developer understands and agrees that all documents submitted to City are presumed to be "public records," and may be subject to public disclosure. If an exemption to the California Public Records Act or a limitation upon reproduction of documents (e.g., building plans) applies, the Developer may seek to shield certain portions of its documents and reports from disclosure by justifiably marking such documents as "Confidential," "Trade Secrets" or "Proprietary." d. City shall notify the Developer of any requests for documents marked "Confidential," "Trade Secrets" or "Proprietary" by the Developer. In the event City is required to defend an action under the California Public Records Act with regard to a request for disclosure of any of the documents or reports marked "Confidential," "Trade Secrets" or "Proprietary" by the Developer, the Developer agrees to defend and indemnify City and City from all costs and expenses of such defense, including reasonable attorney's fees of City and City or attorney's fees awarded by a court arising out of such action. Section 2.3 Test and Surveys. Insurance. For City -owned property, City shall provide to the Developer, its agents, and its representatives the right to enter onto the Site and to conduct such tests, surveys, and other procedures (the "Tests") as set forth below in Section 2.11. The Developer shall indemnify and hold harmless City from any loss, cost, or damage (including, without limitation, reasonable attorney's fees) arising out of any such entry on the Site (whether owned by City or any third party) by the Developer, its agents, or its representatives. The Developer shall present City with evidence of a general liability insurance policy with limits of at least two million dollars ($2,000,000) combined single limit coverage per occurrence and two million dollars ($2,000,000) general aggregate, naming City and City's officials, employees, and agents as additional insured parties. In addition, Developer shall maintain workers' compensation insurance in the statutory amount as required by the State of California and employer's liability insurance with limits of at least one million dollars ($1,000,000) per occurrence, and shall provide to City evidence of Developer's insurer's waiver of subrogation in favor of City, its elected officials, officers, employees, agents, and volunteers. All Developer insurance coverage shall be primary and non-contributory over any insurance or self-insurance of the -8- 55573.38175\33156498.6 City. The Parties intend that Developer's insurance policies shall cover all liability and property damage, and/or any injury to any person, arising from the presence on the Site, whether during Tests and/or pursuant to the "Right of Entry," defined below in Section 2.11, of Developer, its contractors and sub -contractors, its agents, and/or its representatives. Section 2.4 Environmental Review. Within the time set forth in the Schedule of Performance Developer shall identify and provide to City such plans, specifications, drawings, and other information, and shall take such reasonable actions in relation thereto, as specified by City, that are reasonably necessary to perform the environmental review process, if any, required by the California Environmental Quality Act ("CEQA') and, if applicable, the National Environmental Policy Act ("NEPA") for the Project, and to prepare all environmental documentation required by CEQA and, as applicable, NEPA. During the ENA term and subject to the Developer providing the necessary information to City, City shall undertake the necessary steps, if any, to conduct the required level of environmental review process determined by City pursuant to CEQA requirements. City will coordinate with other departments of City to conduct the required environmental review. City may contract with consultants for such work and may draw upon the Deposit to pay for the Consultant Costs in accordance with Section 1.4, above. Section 2.5 Conceptual Site Plans and Preliminary Designs. The Developer acknowledges that the Project requires approvals and entitlements from City. Within the time set forth in the Schedule of Performance Developer shall submit conceptual site plans and preliminary designs for the Project to the appropriate City departments for their informal review. Section 2.6 Financial Pro forma Analysis. Within the time set forth in the Schedule of Performance Developer shall provide to City a preliminary financial pro forma analysis for the Project containing matters typically contained in such analyses, including without limitation, a development cost budget and an operating income and expense estimate. The preliminary financial pro forma will be used to evidence the financial feasibility of the Project and to assist in the negotiation of terms regarding the financing of the Project. The preliminary pro forma shall describe the proposed amount and uses of any financial assistance requested to be provided by City. Section 2.7 Financing Commitments. Within the timeframes set forth in the schedule of performance attached to the DDA, the Developer shall exercise good faith efforts to provide to City executed written commitments (containing usual and customary conditions) for construction and permanent financing for the Project. -9- 55575.38175W 156496 6 Section 2.8 Community and City Council Meetings. The Developer may be required to participate in public community meetings with City staff and/or City Council and agrees to participate in such meetings as deemed necessary by City staff. Section 2.9 DDA Schedule of Performance. The Developer and City agree to negotiate a detailed schedule of performance to be incorporated into the DDA for the Project, which shall include but not be limited to: the date for the submittal of construction plans to City, the date for the commencement of construction of the Project, and the date for completion of construction and the opening of the Project. Section 2.10 Progress Reports. Upon reasonable notice, as from time to time requested by City, the Developer shall make and provide to City progress reports including financing and leasing activities, advising City on studies being made, and matters being evaluated by the Developer with respect to this Agreement and the Project. Such progress reports shall be in writing, if so requested by City. City shall not request written reports more frequently than once each month. City shall exercise good faith efforts to provide to the Developer all written or electronically transmitted comments City receives from neighbors, the community and others so that the Developer can promptly respond to them. Section 2.11 Right of Entrv. a. Right of Entry. City hereby grants to the Developer and its authorized agents and contractors the nonexclusive right to enter upon the Site (the "Right of Entry') to undertake the Approved Uses, defined below, only, and expressly for no other purposes without the prior written approval of City's Director of Community and Economic Development or his or her designee (the "Authorized Agent"), which approval the Authorized Agent may grant or deny in good faith to meet the objectives of this Agreement. "Approved Uses" shall mean that the Developer and its contractors, employees, agents, assigns, experts and vendors have the right to enter onto the Site for the purposes of (i) inspecting the Site, (fi) performing initial civil engineering studies including performing topographical and boundary surveys (iii) obtaining soil samples, and (iv) performing environmental studies. b. Term of Right of Entry. This Right of Entry shall automatically terminate and expire on the first to occur of the following: (i) the end of the term of the DDA, or (ii) upon the termination of the Agreement. C. No Property Rights Granted. It is expressly understood this Right of Entry does not in any way whatsoever grant or convey any rights of possession, easement or other interest in the Site to the Developer, at this point in time, or through this Right of Entry. -10- 55575 38175\33156498.6 d. Conditions Precedent to Continued Right of Entry: i. Termination of Right of Entry for Use beyond the Scope of the Approved Uses. Under the terms of this Right of Entry, in no event shall the Developer use the Site in any manner beyond the scope of the Approved Uses. In the event the Developer undertakes any other use at the Site outside the scope of the described Approved Uses, this Right of Entry shall automatically terminate and the Developer shall immediately vacate the Site, shall have no further rights to enter the Site for the Approved Uses and shall be liable and responsible to City for any and all damages, claims, and mechanics liens, if any, relating to the Site. ii. Compliance With All Applicable Governmental Requirements. All acts and things done by the Developer on the Site will be done in a careful and reasonable manner, in accordance with all applicable Federal, state and local laws. iii. The Developer At Own Risk. The Developer enters the Site entirely at its own cost, risk and expense, and the Developer acknowledges that City and its officers, employees, agents or contractors, have made no warranty or representation to the Developer that the Site, or any part thereof is safe or suitable for the intended purposes of the Approved Uses. iv. Insurance. Before the Developer's entry upon the Site and during the period of this Right of Entry, there shall be in effect policies of insurance in the amount set forth as required under Section 2.3, above. V. No Mechanics' Liens. The Developer shall not permit any mechanics', materialmen's or other liens of any kind or nature to be filed or enforced against the Site. vi. General Maintenance and Cleanup. During the term of this Right of Entry, the Developer shall maintain the Site in a safe and good condition. Developer is not responsible to address any condition at the Site entirely created from the action of one or more third parties not affiliated with Developer, or having access to the Site with Developer's consent. e. Except for the aross nealiaence or willful misconduct of City. the Developer hereby agrees to defend, indemnify and hold City, harmless, with respect to Developer's actions arising from or related to Developer's right of entry pursuant to Section 3.2 of this Agreement. -11- ;55- 5.38175331564';8.6 ARTICLE 3: GENERAL PROVISIONS Section 3.1 Limitation on Effect of A reement. This Agreement shall not obligate either Party to enter into a DDA, or to enter into any particular DDA or other agreement. City and the Developer do not intend this Agreement to be a purchase agreement, ground lease, license, option or similar contract or to be bound in any way by this Agreement. By execution of this Agreement, City is not committing itself or agreeing to undertake acquisition, disposition, or exercise of control over any property nor is the Developer committing itself to undertake the acquisition of any property. Execution of this Agreement by City and the Developer is merely an agreement to conduct a period of exclusive negotiations and preparing recommendations to City Council in accordance with the terms hereof, reserving for subsequent City action the final discretion and approval regarding the execution of a DDA and all proceedings and decisions in connection therewith. Any DDA resulting from negotiations pursuant to this Agreement shall become effective only if and after such DDA has been considered and approved by City Council following conduct of all legally required procedures. Each party assumes the risk that, notwithstanding this Agreement and good faith negotiations, the Parties may not enter into a DDA due to the Parties' failure to agree upon essential terms of a transaction. Except as expressly provided in this Agreement, the Developer agrees that City shall have no obligations or duties hereunder and no liability whatsoever in the event the Parties fail to execute a DDA. Section 3.2 The Develo er to Indemnify Cit . Except for the gross negligence or willful misconduct of City, the Developer undertakes and agrees to defend, indemnify, and hold harmless City from and against all suits and causes of action, claims, losses, demands and expenses, including, but not limited to, reasonable attorney's fees and costs of litigation, damage or liability of any nature whatsoever, arising in any manner by reason of or incident to the performance of this Agreement on the part of the Developer or any contractor or subcontractor of Developer, whether or not contributed to by an act or omission of City. The Developer shall further indemnify, defend, and hold City, its directors, officers, employees, agents, and successors and assigns harmless against all suits and causes of action, claims, costs, and liability, including, but not limited to, reasonable attorney's fees and costs of any litigation, or arbitration or mediation, if any, brought by a third party (1) challenging the validity, legality or enforceability of this Agreement or (2) seeking damages which may arise directly or indirectly from the negotiation, formation, execution, enforcement or termination of this Agreement, or which are incident to the performance of the activities contemplated in this Agreement. Nothing in this Section shall be construed to mean that Developer shall hold the City harmless and/or defend them to the extent of any claims arising from, or alleged to arise from the sole negligence, willful misconduct or illegal acts of any of the City, the failure of the City to follow any rule, procedure or law applicable to the City or Agency, and/or any claims that this Agreement violates any current agreement to which the City -12- 55575 3617A331564".6 is subject. The City agrees that City and Agency shall cooperate with Developer in the defense of any matter in which Developer is defending and/or holding the City harmless. The Developer shall pay immediately upon City's demand any amounts owing under this indemnity. The duty of the Developer to indemnify includes the duty to defend City or, at City's choosing, to pay City's costs of its defense in any court action, administrative action, or other proceeding brought by any third party arising from the development of the Site. City shall have the right to approve any attorneys retained by the Developer to defend City pursuant to this Section 3.2 and shall have the right to approve any settlement or compromise. The Developer's duty to indemnify City shall survive the termination of this Agreement. Section 3.3 Notices. Formal notices, demands and communications between the Parties shall be sufficiently given if, and shall not be deemed given unless, dispatched by certified mail, postage prepaid, return receipt requested, or sent by express delivery or overnight courier service, to the office of the Parties shown as follows, or such other addresses as the Parties may designate in writing from time to time: City: City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs, CA, 92263 Attn: City Manager Phone No.: (760) 323-8350 Fax No.: (760) 323-8207 With copy to: City Attorney 3200 E. Tahquitz Canyon Way Palm Springs, CA, 92263 Attn: City Attorney Phone No.: (760) 323-8205 Fax No.: (760) 322-8332 The Developer: West Hollywood Community Housing Corporation 7530 Santa Monica Boulevard West Hollywood, CA 90046 Attn: Mr. Matt Mason, Director of Real Estate Development Phone: (323) 650-8771 x 126 Email: matt(&-whchc.org Website: www.whchc.org -i3- 55575 38175\33156498.6 With copy to: Gubb & Barsahy LLP 505 14th Street, Suite 450 Oakland, CA 94612Attention: Sarah Perez Phone No.: (415) 781-6600 ext. 4 Cell No.: (415) 813-7101 Fax No.: (415) 781-6967 Email: sperezCcD-gubbandbarshay.com Such written notices, demands and communications shall be effective on the date shown on the delivery receipt as the date delivered or the date on which delivery was refused. Section 3.4 Costs and Expenses. The Developer shall be responsible for its own costs and expenses in connection with any activities and negotiations undertaken in connection with this Agreement, and the performance of its obligations under this Agreement, except as specifically provided in this Agreement. Section 3.5 No Commissions. City shall not be liable for any real estate commissions or brokerage fees that may arise from this Agreement or any DDA that may result from this Agreement. City represents that it has engaged no broker, agent, or finder in connection with this transaction. The Developer shall defend and hold City harmless from any claims by any broker, agent, or finder retained by the Developer. Section 3.6 Use of Proiect Images. The Developer hereby consents to and approves the use by City of images of the Project, its models, plans and other graphical representations of the Project and its various elements ("Project Images") in connection with marketing, public relations, and special events, websites, presentations, and other uses required by City in connection with the Project. The Developer shall obtain any rights and/or consents from any third parties necessary to provide these Project Image use rights to City. In the event that the Parties enter into a DDA, City's right to use the Project Images shall be as set forth in the DDA. Section 3.7 Default and Remedies. a. Default. Failure by either Party to negotiate in good faith or failure by the Developer to accomplish the tasks listed in the Schedule of Performance within the time set forth therein, as provided in this Agreement shall constitute an event of default hereunder. The non - defaulting Party shall give written notice of a default to the defaulting Party, specifying the nature of the default and the required action to cure the default. If a default remains uncured fifteen (15) days after receipt by the defaulting Party of such notice, the non -defaulting -14- 55575,38175\33156498.6 Party may exercise the remedies set forth in subsection (b); provided, however, that if the default is not reasonably susceptible to cure within this fifteen (15) day period, then, provided that the Party in default shall commence to cure such default upon receipt of such written notice and shall continue to diligently pursue such cure to completion, the cure period shall be extended by the amount of time reasonably necessary to cure such default. b. Remedies. In the event of an uncured default by City, the Developer's sole remedy shall be to terminate this Agreement, upon which the Developer shall be entitled to the return of the remaining balance of the Deposit and any interest earned thereon. Following such termination and the return of the balance of the Deposit and any interest earned thereon, neither Party shall have any further right, remedy or obligation under this Agreement, except that the Developer's indemnification obligation pursuant to Section 3.2 shall survive such termination. ii. In the event of an uncured default by the Developer, City's sole remedy shall be to terminate this Agreement and to retain the Deposit, and any interest earned thereon. Following such termination, neither Party shall have any right, remedy or obligation under this Agreement, except that the Developer's indemnification obligation pursuant to Section 3.2 shall survive such termination. c. Waiver and Release. Except as expressly provided in this Agreement, neither Party shall have any liability to the other for damages or otherwise for any default, nor shall either Party have any other claims with respect to performance under this Agreement. Each Party specifically waives and releases any such rights or claims it may otherwise have at law or in equity and expressly waives any rights to consequential damages or specific performance from the other Party under this Agreement. Section 3.8 Waiver of Default. Except as otherwise expressly provided in this Agreement, any failure or delay by either Party in asserting any of its rights or remedies as to any Default shall not operate as a waiver of said Default or of any rights or remedies in connection therewith or of any subsequent Default or any rights or remedies in connection therewith, or deprive such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. Section 3.9 Assi__. n�. This Agreement may not be assigned nor may there by any material change in the management or ownership of the Developer -15- 55575.38175M 156498 6 without the prior written approval of City, which may withhold approval in its sole and absolute discretion. Notwithstanding the foregoing or any provision to the contrary in this Agreement, City acknowledges and agrees that Developer may assign its rights and delegate its duties under this Agreement and/or the DDA to a single asset legal entity in which Developer or a limited liability company owned and controlled by Developer acts as the general partner. Section 3.10 Conflict of Interests. No member, official or employee of City shall have any personal interest, direct or indirect, in this Agreement nor shall any such member, official or employee participate in any decision relating to the Agreement which affects his or her personal interests or the interests of any corporation, partnership or association in which he, or she is directly or indirectly, interested. Section 3.11 Warranty against Payment of Consideration for Agreement. The Developer warrants that it has not paid or given, and will not pay or give, any third party any money or other consideration for obtaining this Agreement. The parties understand and agree that the Developer has retained legal counsel and consultants in connection with this Agreement, and that such is not a violation of this Section 3.11. Section 3.12 Non -liability of Officials, Officers, Members. and Employees. No member, official, officer, or employee of City or City shall be personally liable to the Developer, or any successor in interest, in the event of any default or breach by City or for any amount which may become due to the Developer or to his successor, or on any obligations under the terms of this Agreement. Section 3.13 Covenant Against Discrimination. In connection with its performance under this Agreement, the Developer shall not discriminate against any employee or applicant for employment because of actual or perceived race, religion, color, sex, age, marital status, ancestry, national origin (i.e., place of origin, immigration status, cultural or linguistic characteristics, or ethnicity), sexual orientation, gender identity, gender expression, physical or mental disability, or medical condition (each a "prohibited basis"). The Developer shall ensure that applicants are employed, and that employees are treated during their employment, without regard to any prohibited basis. As a condition precedent to City's lawful capacity to enter this Agreement, and in executing this Agreement, the Developer certifies that its actions and omissions hereunder shall not incorporate any discrimination arising from or related to any prohibited basis in any the Developer activity, including but not limited to the following: employment, upgrading, demotion or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship; selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases, or venders of the Site; and further, that the Developer is in full compliance with the provisions of Palm Springs Municipal Code Section 7.09.040, including without limitation the provision of benefits, relating to non-discrimination in city contracting. -16- 55575.38175W 156498.E Section 3.14 The Developer's Obligation Toward Equal Opportunity. The Developer will not discriminate against any employees or applicant for employment because of race, color, religion, creed, national origin, ancestry, sex, sexual orientation, age, disability, medical condition, or marital status. The Developer will conform to City's Equal Opportunity Policies regarding fairness in hiring. Section 3.15 Attorney's Fees. If any Party should bring any legal action or proceeding relating to this Agreement (including, without limitation, any action or proceeding to interpret or enforce any provision hereof), then the Party in whose favor a judgment or decision is rendered shall be entitled to recover reasonable attorneys' fees and expenses from the other Party to the controversy. Section 3.16 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. Section 3.17 Neutral _interpretation. This Agreement is the product of the negotiations between the parties, and in the interpretation and/or enforcement hereof is not to be interpreted more strongly in favor of one party or the other. Section 3.18 Entire A reement• Incorporation of Recitals. This Agreement constitutes the entire agreement of the Parties regarding the Project. The Recitals, above, are hereby incorporated into the Agreement. Section 3.19 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same agreement. SIGNATURES FOLLOW -1 7- 55575.38175N33156498.6 SIGNATURE PAGE TO EXCLUSIVE NEGOTIATING AGREEMENT BY AND BETWEEN CITY OF PALM SPRINGS, CALIFORNIA AND WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION AS OF THE DATE FIRST WRITTEN ABOVE, the Parties evidence their agreement to the terms of this Agreement by signing below: Executed at Palm Springs, California. APPROVED AS TO FORM: CITY: r � By- - By. 1ty ttrney City Manager 'j A SM Clerk 55575.38175\33156498.6 DEVELOPER: WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION By. Name: Jesse Slansk Its: President and CEO As- APPROVED EY COY mmAGER A13 EXHIBIT Al SITE DESCRIPTION APN 505-182-004 known as the "Casa del Camino Property" owned by the City of Palm Springs acting as Successor Agency to the former Community Redevelopment Agency of the City of Palm Springs (Gross and net parcel size: 33,215 square feet) APN 505-182-010 known as the "Reservoir Property", owned by the City of Palm Springs (Gross parcel size is 43,560 square feet and net parcel size is 39,384 square feet) This lot is the comer lot at the southwest comer of W. Stevens Rd. and N. Palm Canyon Drive. LEGAL DESCRIPTION APN 505-182-004: POR LOTS 5 & 6 BLK A AND LOT 12 BLK A MB 015/015 LAS PALMAS ESTATES APN 505-182-010: 1.0 ACRES MIL IN POR NE '/4 OF SEC 10 T4S R4E ASSESSOR'S PARCEL MAP Subject Property: Riverside County Assessor's Parcel -Map S.W.-W ®e of me � et Sur. U.4 =44W& t� Caoym Dm* tAlm spug, CA r� p, ay nu'aec. +o ua ruE TM 5 18 sn :,x weor9TcM8 ROAD APN# SOS-182-M ® M •- •' ® H w i' f•' - 1 �® 1 _.-®GIOIU YDSRC 1110TA- r:R ire r ! a) ®• - �I At �i � � i .• /.i1 \11II r [r` North Direction towards top of page £NA-WHCHC-Stevens North Palm Canyon Exhibit A 1 55575.38175\33156498.6 EXHIBIT B SCHEDULE OF PERFORMANCE Scheduled Item Outside Date First Section Reference Payment of Deposit Execution of Agreement 1.4 Delivery by City to the 10 business days after 2.2 Developer of Reports execution of ENA Delivery by City of draft 30 days after execution 1.1 DDA to the Developer of ENA Delivery by Developer to 60 days after execution 2.6 City of Financial Pro of ENA forma Analysis Delivery by Developer to _ 90 days after execution 2.5 City of Conceptual Site of ENA Plans and Preliminary Designs Delivery by Developer to 120 days after execution 2.4 City of Environmental of ENA Review Documents 1.2 Consideration of DDA 180 days after execution of ENA FNA-WHCHC-Stevens North Palm Canyon Exhibit B 55575.38175W 156498.E A� o® CERTIFICATE OF LIABILITY INSURANCE DATE 2'oY"' THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING 1NSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: fF the certificate holder Is an ADDITIONAL INSURED, the pollcyl les) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsements . PRODUCER Arthur J, Gallagher 8r Co. Insurance Brokers of CA Inc., LIC # 0726293 505 N. Brand Boulevard, Suite 600 CONTACT NAME: PHONE FAX •818-539-230D Arc No:81&539-23D1 DRESS: Glendale CA 91203 INSURERS AFFORDING COVERAGE NAIL A INSURER A: Great American Alliance Insurance Company 26832 INSURED VVESTHOL-W West Hollywood Community Housing Corporation 7530 Santa Monica Blvd. INSURERS: INSURERC: INSURER D: West Hollywood, CA 90M INSURER E : INSURER F : COVERAGES CERTIFICATE NUMBER:505023513 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INTBRR TYPE OF INSURANCE ADDLSUEIR POLICY NUMBER LILY YY M LILY EXP LIMITS A X COMMERCIAL GENERAL LIABILITY PAC3110542 01 6/1/2020 6/1/2021 EACH OCCURRENCE $1,000.000 CLAIMS-MADE I X I OCCUR DAMAGE TO RENTEff- PREMISES Ea occurrerxml S 1,000,ODO MED EXP (Any one ) S 20,ODO PERSONAL R ADV INJURY s 1,000,000 GENT AGGREGATE LIMB APPLIES PER: GENERAL AGGREGATE $ 3,000,D00 HPOLICY ❑ JECT � LOC PRODUCTS-COMPIOPAGG $3,000.000 f OTHER: AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT Ea accident = BODILY INJURY (Per person) $ ANY AUTO OWNED SCHEDULED AUTOSONLY AUTOS BODILY INJURY (Per accident) $ PROPERTY DAMAGE Per acdtlenl $ HIRED NON -OWNED AUTOS ONLY AUTOS ONLY S UMBRELLALIAB OCCUR EACHOCCURRENCE S AGGREGATE S EXCESS LIAR CLAIMS -MADE DED RETENTION S WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y r N ANYPROPRIETORIPARTNERIEXECUTIVE ❑ OFFICERIMEMBER EXCLUDE D4 MIA I PER Oil+ STATUTE ER E.L. EACH ACCIDENT $ (Mandatory in NH) El DISEASE -EA EMPLOYEE S it Yes, describe under DESCRIPTION OF OPERATIONS below E.L DISEASE - POLICY LIMIT i DESCRIPTION OF OPERATIONS I LOCATIONS 1 VEHICLES (ACORD 101. Additional Remarks Schedule, may be altsehad IT more apace Is requked) Certificate holder is named as an additional insured as defined in the policy form if required in a Written agreement. Notice Of Cancellation per policy provisions. RE: 1479 N. Palm Canyon Dr., Palm Springs, CA / Pre -Development Site - Waiver of Subrogation and Primary Nan -Contributory Endorsements apply where required in a written agreement. CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs CA 92262 I -- AUTHORIZED REPRESENTATIVE - 1W-9Wt-- 01988 2015 ACORD CORPORATION. All rights reserved. ACORD 25 (2016103) The ACORD name and logo are registered marks of ACORD * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *D/B* 249241894 178114 IL 70 02 (Ed. 10 07) Policy No. PAC 311 -06-42 - 01 Effective Date of Change 10/02/2020 POLICY CHANGES NAMED INSURED WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION THIS ENDORSEMENT CHANGES THE POLICY. AND ADDRESS: 7530 SANTA MONICA BLVD PLEASE READ IT WEST HOLLYWOOD CA 90046 CAREFULLY. POLICY ALTERNATE MAILING ADDRESS: AGENT'S NAME AND ADDRESS: ARTHUR J GALLAGHER & COMPANY 505 N BRAND BLVD STE 600 GLENDALE CA 91203 Insurance is afforded by the Company named below, a Capital Stock Corporation: GREAT AMERICAN ALLIANCE INSURANCE COMPANY POLICY PERIOD: From 06 / 01 / 2020 To 06 / 01 / 2021 12:01 A.M. Standard Time at the address of the Named Insured ADDITIONAL PREMIUM: WAIVED IT IS HEREBY AGREED AND UNDERSTOOD THAT THIS POLICY IS AMENDED AS FOLLOWS: AS PER THE ATTACHED REVISED FORM CP7201, LOCATION 022 IS ADDED FOR GENERAL LIABILITY COVERAGE ONLY: 1479 N PALM CANYON DR PALM SPRINGS CA 92262 CONTINUED ON PAGE 2... FORMS AND ENDORSEMENTS hereby added: FORMS AND ENDORSEMENTS hereby amended: FORMS AND ENDORSEMENTS hereby deleted: Agent Signature Date IL 70 02 (Ed. 10/07) PRO (Page 1 of 1) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB' 249241894 178114 IL 70 02 (Ed. 10 07) Policy No. PAC 311 -06-42 - 01 Effective Date of Change 10/02/2020 POLICY CHANGES NAMED INSURED WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION THIS ENDORSEMENT CHANGES THE POLICY. AND ADDRESS: 7530 SANTA MONICA BLVD PLEASE READ IT WEST HOLLYWOOD CA 90046 CAREFULLY. POLICY ALTERNATE MAILING ADDRESS: AGENT'S NAME AND ADDRESS: ARTHUR J GALLAGHER & COMPANY 505 N BRAND BLVD STE 600 GLENDALE CA 91203 Insurance is afforded by the Company named below, a Capital Stock Corporation: GREAT AMERICAN ALLIANCE INSURANCE COMPANY POLICY PERIOD: From 06 / 01 / 2020 To 06 / 01 12021 12:01 A.M. Standard Time at the address of the Named Insured CONTINUED FROM PAGE 1: AS PER THE ATTACHED FORMS CG2026 AND CG2404, IT IS FURTHER AGREED THAT THE FOLLOWING IS AN ADDITIONAL INSURED WITH RESPECT TO LOCATION 022 (WAIVER OF SUBROGATION APPLIES): CITY OF PALM SPRINGS 3200 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262 ENDORSEMENT 1 FORMS AND ENDORSEMENTS hereby added: CG2026 FORMS AND ENDORSEMENTS hereby amended: FORMS AND ENDORSEMENTS hereby deleted: Agent Signature Date CG2404 CP7201 IL 70 02 (Ed. 10107) PRO (Page 1 of 1) 101320 LJL * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB* 249241894 178114 CP 72 01 (Ed. 111185) SCHEDULE OF LOCATIONS DESIGNATED PREMISES: Prom. No. Bldg. No. Location Occupancy 20 01 1250 WESTMORELAND AVE LOS ANGELES CA 90006 93-UNIT APT COMPLEX 21 01 1434 MIRAMAR ST LOS ANGELES CA 90026 VACANT LAND 22 01 1479 N PALM CANYON DR PALM SPRINGS CA 92262 VACANT LAND At the locations specified below, insurance is provided only for those cover- ages for which a Limit of Liability is shown: PROPERTY COVERAGES Prom. No. Bldg. No. Coverage Coinsurance % Limits of Liability 20 01 BUILDING 100 INCL IN BLKT BUSINESS PERSONAL PROPERTY 100 INCL IN BLKT BUSINESS INCOME WIEXTRA EXPENSE 100 INCL IN BLKT 21 01 GENERAL LIABILITY COVERAGE ONLY ------------ ------------ 22 01 GENERAL LIABILITY COVERAGE ONLY ------------ ------------ CP 72 01 (Ed. 11185) (Page 6 of 6 } * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB* 249241894 178114 CG 20 26 (Ed. 04 13) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - DESIGNATED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART Schedule Name of Additional Insured Person(s) or Organ ization(s): CITY OF PALM SPRINGS 3200 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262-6959 RE: 1479 N PALM CANYON DR, PALM SPRINGS CA 92262 Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. SECTION II - WHO IS AN INSURED is amended to include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for "bodily injury," "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf: 1. in the performance of your ongoing operations; or 2. in connection with your premises owned by or rented to you. However: 1. the insurance afforded to such additional insured only applies to the extent permitted by law; and 2. if coverage provided to the Additional Insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. B. With respect to the insurance afforded to these Additional Insureds, the following is added to SECTION III - LIMITS OF INSURANCE: If coverage provided to the Additional Insured is required by a contract or agreement, the most we will pay on behalf of the Additional Insured Is the amount of insurance: 1. required by the contract or agreement; or Copyright, ISO Properties, Inc., 2012 CG 20 26 (Ed. 04113) (Page 1 of 2) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB* 249241894 178114 2. available under the applicable Limits of Insurance shown in the Declarations; whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. Copyright, ISO Properties, Inc., 2012 CG 20 26 (Ed. 04113) (Page 2 of 2) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB* 249241894 178114 CG 24 04 (Ed. 05 09) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART Schedule Name of Person or Organization: CITY OF PALM SPRINGS 3200 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262-6959 RE: 1479 N PALM CANYON DR, PALM SPRINGS CA 92262 Information required to complete this Schedule, if not shown above, will be shown in the Declarations. The following is added to paragraph S. Transfer of Rights of Recovery Against Others to Us of SECTION IV - CONDITIONS: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations or "your work" done under a contract with that person or organization and included in the "products -completed operations hazard." This waiver applies only to the person or organization shown in the Schedule above. Copyright, ISO Properties, Inc., 2008 CG 24 04 (Ed. 05109) PRO (Page 1 of 1) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *D/B* 249241894 178114 CG 20 26 (Ed. 04 13) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - DESIGNATED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART Schedule Name of Additional Insured Person(s) or Organization(s): CITY OF PALM SPRINGS 3200 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262-6959 RE: 1479 N PALM CANYON DR, PALM SPRINGS CA 92262 Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. SECTION 11 - WHO IS AN INSURED is amended to include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for "bodily injury," "property damage" or "personal and advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf: 1. in the performance of your ongoing operations; or 2. in connection with your premises owned by or rented to you. However: 1. the insurance afforded to such additional insured only applies to the extent permitted by law; and 2. if coverage provided to the Additional Insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. B. With respect to the insurance afforded to these Additional Insureds, the following is added to SECTION III - LIMITS OF INSURANCE: If coverage provided to the Additional Insured is required by a contract or agreement, the most we will pay on behalf of the Additional Insured is the amount of insurance: 1. required by the contract or agreement; or Copyright, ISO Properties. Inc., 2012 CG 20 26 (Ed. 04/13) (Page 1 of 2) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *D/B* 249241894 178114 2. available under the applicable Limits of Insurance shown in the Declarations; whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. Copyright, ISO Properties, Inc., 2012 CG 20 26 (Ed. 04/13) (Page 2 of 2) * S1 * 10/13/2020 * PAC-3110642-01-04 GREAT AMERICAN ALLIANCE INS CO *DIB* 249241894 178114 CG 24 04 (Ed. 05 09) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCT&COMPLETED OPERATIONS LIABILITY COVERAGE PART Schedule Name of Person or Organization: CITY OF PALM SPRINGS 3200 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262-6959 RE: 1479 N PALM CANYON DR, PALM SPRINGS CA 92262 Information required to complete this Schedule, if not shown above, will be shown in the Declarations. The following is added to paragraph 8. Transfer of Rights of Recovery Against Others to Us of SECTION IV - CONDITIONS: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations or "your work" done under a contract with that person or organization and included in the "products -completed operations hazard." This waiver applies only to the person or organization shown in the Schedule above. Copyright, ISO Properties, Inc., 2008 CG 24 04 (Ed. 05109) PRO (Page 1 of 1) o� M O O N pod OL C? p ~ tl! Q w Z Y $� U 3 ■r= -M V Ii 'qmo.o aia.an.+� A9 - O M O O f> N d r m 0 � o a wA g Z Q z a 'o�'�� = WNV �� �QZ o a a IL o oWN J V � 0 IU 3 cc .a ru Ln ru 0 0 rn Ln co .. Cr La 0 0 0 ru Cr r" La 0 r- 0