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CVWD - Tampico Sewer Main 92AGREEMENT FOR CONSTRUCTION OF PUBLIC IMPROVEMENTS THIS AGREEMENT is made and entered into by and among the CITY OF LA QUINTA ("the CITY"), the LA QUINTA REDEVELOPMENT AGENCY ("the AGENCY"), and the COACHELLA VALLEY WATER DISTRICT ("the DISTRICT"). RECITALS A. The CITY is a municipal corporation duly organized pursuant to the general laws of the State of California. B. The AGENCY is a redevelopment agency, a public body, corporate and politic, duly created, established and authorized to transact business and exercise its powers, all under and pursuant to the Community Redevelopment Law, California Health and Safety Code section 33000, et. seq. C. The DISTRICT is a county water district organized and existing pursuant to California Water Code section 30000, et. seq. D. The CITY, the AGENCY and the DISTRICT wish to cooperate in undertaking a project for the construction of certain public improvements within the CITY, including sanitary sewer facilities, street improvements, and a storm drain; each intends to contribute to the cost of some or all of these improvements to contribute to the cost of some or all of these improvements through direct financial contribution and/or through the sale of bonds as hereinafter described. THEREFORE, IT IS AGREED: FUNDING 1. Funds Upon adoption of a resolution by the City Council ordering the project to be constructed and installed, the following funds shall be established and maintained by the CITY from the sources and for the purposes described: a) Improvement i"nd Into this fund shall be deposited any cash payments by the District, this fund shall be used to pay the cost of construction of all improvements shown on Exhibit "A" and plans on file in the office of the City Engineer entitled "Calle Tampico Trunk Sewer Main". b) Tax Allocation Bond Fund The AGENCY shall transfer to the CITY, monies which AGENCY has obtained or shall obtain from the issuance and sale of tax allocation bonds by the AGENCY. Said money shall be kept by the CITY in a "Tax Allocation Bond Fund" and, shall be used to pay the cost of constructing those improvements described on plans on file in the office of the City Engineer entitled "Street and Storm Drain Improvements Within Calle Tampico". FINANCING PROVISIONS 2. DISTRICT'S Obligation The DISTRICT'S obligation to pay the costs and expenses of the project shall be limited to sanitary trunk sewer facilities. The DISTRICT shall budget and contribute an estimated $370,759 toward the cost of these facilities, pursuant to the Resolution No. 92-168 adopted by the District Board of Directors on August 11, 1992. 3. CITY'S Obligation The obligation of the CITY to pay the costs and expenses of the project shall be limited obligation, payable solely from the Improvement Fund. 4. AGENCY'S Obligation The obligation of the AGENCY to pay the costs and expenses of the project shall be limited to the monies it pays to the CITY from the sale of tax allocation bonds. CONSTRUCTION PROVISIONS 5. Plans and Specifications The DISTRICT shall review and approve all plans, specifications, drawings and revisions thereof for the construction and installation of all I anitary sewer improvem cs prior to construction. 6. Inspection The DISTRICT shall provide normal construction inspection services in connection with construction and installation of the sanitary trunk sewer at no cost to the CITY, dr the AGENCY. 7. Progress Payments The DISTRICT shall review each progress payment request by contractor for the construction and installation of the sanitary trunk sewer upon approval of said request, shall pay to CITY the amount approved for the portion of the project being constructed and installed at the DISTRICT's expense within twenty (20) days of said approval. The CITY shall thereupon pay the amount authorized by the DISTRICT to the contractor. 8. Completion Upon completion of the construction and installation of the sanitary sewer facilities, the CITY shall file a Notice of Completion for recording in the Office of the County Recorder. Upon formal written acceptance thereof by the DISTRICT, the CITY shall execute all documents necessary for the conveyance of title to said facilities to the DISTRICT. Upon delivery of said documents to the DISTRICT, said facilities shall become a part of the DISTRICT's sanitary sewer systems, as appropriate and the DISTRICT shall thereafter operate and maintain same. MISCELLANEOUS PROVISIONS 9. Effective Date This Agreement shall become effective upon the adoption by the City Council of a resolution authorizing the Mayor to enter into this Agreement with the DISTRICT. 10. Notice Any notice authorized or required to be given to the CITY shall be deemed duly and properly given if sent to the CITY by registered or certified mail, return receipt requested to: CITY OF LA QUINTA P.O. Box 1504 La Quinta, CA 92253 ATTENTION: City Manager or personally delivered to the CITY at such address or other address specified to the AGENCY and the DISTRICT in writing by the CITY. Any notice authorized or required to be given to the AGENCY shall be deemed duly and properly given if sent to the AGENCY by registered or certified mail, return receipt requested to: THE LA QUINTA REDEVELOPMENT AGENCY P.O. Box 1504 La Quinta, CA 92253 ATTENTION: Executive Director or personally delivered to the AGENCY at such address or other address specified to the CITY and the DISTRICT in writing by the AGENCY. Any notice authorized or required to be given to the DISTRICT shall be deemed duly and properly given if sent to the DISTRICT by registered or certified mail, return receipt requested to: COACHELLA VALLEY WATER DISTRICT P.O. Box 1058 Coachella, CA 92236 Attention: Tom Levy General Manager, Chief Engineer or personally delivered to the DISTRICT at such address or other address specified to the CITY and the AGENCY in writing by the DISTRICT. 13. Entire Agreement This Agreement represents the entire integrated agreement among the CITY, the AGENCY, and the DISTRICT, supersedes all prior negotiations, representations, or agreements, either written or oral. This Agreement may only be modified by a writing signed by the CITY, the AGENCY, and the DISTRICT. 14 . Governing Law This Agreement shall be governed by the laws of the State of California. 15. Successors and Assigns The provisions of this Agreement shall inure to and be binding upon each of the parties to this Agreement and their successors and assigns. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized by the CITY on SQrv44e4i ber /.s 1992, by the AGENCY on !JP- knlbQr 19921 and by the DISTRICT on , 1992. CITY OF LA OUINTA By: /�� L JbTiNVJ.PE .Mayor ATST: UNDRA L. JUHOrzK, City Clerk By:r'. 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