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HomeMy WebLinkAboutR25- Economic Development Agency CITY OF SAN BERNARDINO ORIGINAL ECONOMIC DEVELOPMENT AGENCY FROM: Emil A.Marzullo SUBJECT: In-N-Out Burger, Inc., a California corporation Interim Executive Director — Redevelopment Project Study and Exclusive Right to Negotiate Agreement (Central City North Redevelopment Project Area) DATE: February 8,2010 ------------------------------------------- --- ------------------------------ Synopsis of Previous Commission/Council/Committee Action(s): On January 21, 2010, Redevelopment Committee Members Baxter and Brinker unanimously voted to recommend that the Community Development Commission consider this action for approval. --------------------------------------- ----------------------- ----------------- Recommended Motion(s): (Community Development Commission) Resolution of the Community Development Commission of the City of San Bernardino approving and authorizing the Interim Executive Director of the Redevelopment Agency of the City of San Bernardino("Agency")to execute a Redevelopment Project Study and Exclusive Right to Negotiate Agreement by and between the Agency and In-N- Out Burger, Inc., a California corporation, concerning Agency owned property located at the southeast corner of 5d, and"H" Streets(Central City North Redevelopment Project Area) --------------- ----------------------------------------------------------------------------------------------- Contact Person(s): Mike Trout Phone: (909)663-1044 Central City North Redevelopment Project Area(s): Project Area Ward(s): 1" Supporting Data Attached: IZ Staff Report 0 Resolution(s)0 Agreement(s)/Contract(s)0 Map(s)❑Letter(s) FUNDING REQUIREMENTS: Amount: S -0- Source: N/A Budget Authority: N/A Signature: Fiscal Review. Emil A.Marzullo,rn xecutive Director u eJesus, terim dministrative Services Director ----- -- ------- ------ ---- Commission/Council Notes: C.S ��C�O/O i i P:NgaMuW=mMvCommivuon\C DC201=3 41-101n-N4>ABuga,I=.(MO)-ERN ASr ntdm COMMISSION MEETING AGENDA Meeting Date: 03/01/2001100 Agenda Item Number: 27 Rcw acenI�.wl- Page ECONOMIC DEVELOPMENT AGENCY STAFF REPORT IN-N-OUT BURGER,INC.,A CALIFORNIA CORPORATION—REDEVELOPMENT PROJECT STUDY AND EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT (CENTRAL CITY NORTH REDEVELOPMENT PROJECT AREA) BACKGROUND: On April 2, 2007, the Agency acquired title to 755 West 5d' Street (APN: 0134-093-40), the Royal Motel. Subsequent to the acquisition, the Agency relocated all tenants and caused that the motel be demolished. All relocations and demolition were completed in January 2008. The site is approximately 22,500 square feet. On January 7, 2008, the Agency acquired title to 795 West 5d3 Street (APN: 0134-093-41), the Paradise Motel. Subsequent to the acquisition, the Agency relocated all tenants and caused that the motel be demolished. All relocations and demolition were completed in June 2008. The site is approximately 33,750 square feet. 755 and 795 West 5d3 Street are contiguous, located at the southeast corner of 5d' and "H" Streets, and are herein referred to collectively as the Property (the"Property"). Since 2004, the State of California (the "State") has been acquiring properties and relocating homes and businesses on both sides of the I-215 Freeway ("I-215") as part of the I-215 widening project through downtown San Bernardino. One of the properties, located on 2nd Street at the northbound 2nd Street off-ramp of the I-215 (the "Site"), is owned by In-N-Out Burgers, Inc., a California Corporation (the"INO"), which currently operates a restaurant with a drive-thru on the Site. The State has acquired the Site through eminent domain authority and INO is required to relocate from the Site no later than January 2012. CURRENT ISSUE: In April/May of 2008, representatives of INO met with Agency Staff concerning possible relocation sites for a new INO restaurant. Several locations were discussed for the relocation including the Property. The new restaurant design would be similar to the design of the INO restaurant located at Tippecanoe Avenue and Harriman Place in San Bernardino. On July 6, 2009, the Agency received a letter from INO wherein INO expressed an interest in purchasing approximately 45,000 — 55,000 square feet of land at the location of the Property. The Property is approximately 56,250 square feet. PWgmWas\Comm De Commission\CDC2010\0341-10ho-N-WBwgc,hw(MO).ERNAgwmwdm COMMISSION MEETING AGENDA Meeting Date: 03/01/2010 Agenda Item Number: 7i,�— Economic Development Agency Staff Report ERN Agreement-In-N-Out Burger, Inc. Page 2 The Redevelopment Project Study and Exclusive Right to Negotiate Agreement (the "ERN") includes the following terms: • The ERN is for a period of twelve (12) months from approval and execution. • The ERN may be extended, by the Interim Executive Director, for a period of not to exceed period of six(6)months. • The ERN may be extended, upon the approval of the Community Development Commission, for an additional not to exceed period of six(6) months. • INO is responsible for their own costs in connection with their due diligence investigation of the Property. • INO will provide the Agency $50,000 as the ERN Fee which will be applied to the purchase price of the Property but is not refundable if INO does not proceed with a Disposition and Development Agreement (the"DDA"). • The Agency will use its best efforts to provide INO with documents pertaining to the Study Area that is within the possession of the Agency. Approval of the ERN is the beginning step towards retaining and relocating a successful and viable business. The relocating to a new site and development of a larger restaurant will create additional jobs and could become the catalyst for further development in the area. The eventual goal will be to negotiate a DDA for the sale and development of the Property. ENVIRONMENTAL IMPACT: Exempt under Section 15262, Feasibility and Planning Studies, of the California Environmental Quality Act ("CEQA") Guidelines. FISCAL IMPACT: None. RECOMMENDATION• That the Community Development Commission adopt the attached Resolution. Emil A. Marzullo, n Brim Executive Director P.4Agendas\Comm De Commission\CDC2010\03-01.101n-N-Out Burger,I (WO)-EBNAWxmentdm COMMISSION MEETING AGENDA Meeting Date: 03//01/2010 Agenda Item Number: AZI - - -- - --- - - -- -- JJ-- --i o c u rl o:, er is es 1 is irn srer sr u c v I srul mo o - coro 6 I p O 1"el YI' UF-I� .. 6mVL I I it e I O tZ I Q ir'iIr I a U N 1 I w lY I � I � 2r- O I I _O it'11 I � sS'11 iE Si'il[ , O I I m aJ m i r to o N I I U I I I 1 1 I Iy i _I, I['ELlltl St Y O m C IV 1 I moo' r I r - - - - - - - --- - — - - — - - — - - —_ -- I I I I � I I 1 a i I 1 _— _ _ — _ _ — _ _- - - - - _ — F _ — � - - - - - - - — - -a =sr �- - - -- — - - - - - - - m O N 1 RESOLUTION NO. COP 2 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF 3 THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING THE INTERIM EXECUTIVE DIRECTOR OF THE REDEVELOPMENT 4 AGENCY OF THE CITY OF SAN BERNARDINO ("AGENCY") TO EXECUTE A REDEVELOPMENT PROJECT STUDY AND EXCLUSIVE 5 RIGHT TO NEGOTIATE AGREEMENT BY AND BETWEEN THE 6 AGENCY AND IN-N-OUT BURGER, INC., A CALIFORNIA CORPORATION, CONCERNING AGENCY OWNED PROPERTY 7 LOCATED AT THE SOUTHEAST CORNER OF 5TH AND "H" STREETS (CENTRAL CITY NORTH REDEVELOPMENT PROJECT AREA) 8 9 WHEREAS, the Redevelopment Agency of the City of San Bernardino (the "Agency") is a community redevelopment agency duly created, established and authorized to transact business and 10 11 exercise its powers, all under and pursuant to the California Community Redevelopment Law (the 12 "CRI!), codified under Division 24, Part 1 of the California Health and Safety Code commencing at 13 Section 33000 and is authorized to construct improvements located within the approved 14 redevelopment project areas in the City of San Bernardino (the "City") in accordance with the CRL; and 15 16 WHEREAS, on April 2, 2007, the Agency acquired title to 755 West 5`h Street (APN: 0134- 093-40),the Royal Motel, approximately 22,500 square feet; and 17 18 WHEREAS, subsequent to the Agency acquiring the Royal Motel the Agency relocated all tenants and caused the motel to be demolished; and 19 20 WHEREAS, on January 7, 2008, the Agency acquired title to 795 West 5`h Street (APN: y 0134-093-41),the Paradise Motel, approximately 33,750 square feet; and 21 22 WHEREAS, subsequent to the Agency acquiring the Paradise Motel the Agency relocated all tenants and caused the motel to be demolished; and 23 24 WHEREAS, 755 and 795 West 5d' Street are contiguous, located at the southeast corner of 25 5`h and "H" Streets (Central City North Redevelopment Project Area), and herein referred to 26 collectively as the Property(the"Property"); and 27 WHEREAS, the State of California (the "State") has acquired, through eminent domain 28 authority, the current location of the In-N-Out Burger (the "INO'� facility located on 2nd Street adjacent to the 1-215 Freeway for use in the 1-215 widening project; and 1 P\Agendas\Resolutions\Resolutions12010t03-01-101u N-0a Burger,hn -8RN A�etmml CDC Rno,doc _ 1 WHEREAS, the State will take possession of the INO facility on 2 n Street no later than 2 January 2012; and 3 WHEREAS, INO has approached the Agency concerning the possibility of relocating to the 4 Property and constructing a larger facility; and 5 WHEREAS, the Community Development Commission of the City of San Bernardino (the 6 "Commission'), as the governing board of the Agency, seeks to enter into a Redevelopment Project 7 Study and Exclusive Right to Negotiate Agreement(the"ERN")with INO to study the feasibility of 8 constructing a new facility on the Property within the Central City North Redevelopment Project 9 Area. 10 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF 11 THE CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, 12 AS FOLLOWS: 13 Section 1. The information set forth in the above recitals of this Resolution is true and 14 correct. ` 15 Section 2. The Interim Executive Director of the Agency is hereby authorized to execute 16 the ERN on behalf of the Agency in substantially the form attached hereto as Exhibit "A", together 17 with such changes therein as may be approved by the Interim Executive Director of the Agency and 18 Agency Counsel. The Interim Executive Director of the Agency or such other designated 19 representative of the Agency is further authorized to do any and all things and take any and all 20 actions as may be deemed necessary or advisable to effectuate the purposes of the ERN, including t, 21 making non-substantive modifications to the Construction Contract. 22 Section 3. This Resolution shall take effect from and after its date of adoption by this 23 Commission. 24 25 26 27 28 2 P:WgendasVtesoWSionsVtesolusions1201010J-01-10In-N-Out Husger,Inc.-ERN A,x..,CDC Res.doc 1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING 2 THE INTERIM EXECUTIVE DIRECTOR OF THE REDEVELOPMENT 3 AGENCY OF THE CITY OF SAN BERNARDINO ("AGENCY") TO EXECUTE A REDEVELOPMENT PROJECT STUDY AND EXCLUSIVE 4 RIGHT TO NEGOTIATE AGREEMENT BY AND BETWEEN THE AGENCY AND IN-N-OUT BURGER, INC., A CALIFORNIA 5 CORPORATION, CONCERNING AGENCY OWNED PROPERTY LOCATED AT THE SOUTHEAST CORNER OF 5' AND "H" STREETS 6 (CENTRAL CITY NORTH REDEVELOPMENT PROJECT AREA) 7 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community 8 Development Commission of the City of San Bernardino at a meeting 9 thereof,held on the day of 2010, by the following vote to wit: 10 Commission Members: Ayes Nays Abstain Absent 11 MARQUEZ 12 DESJARDINS 13 BRINKER 14 SHORETT _ 15 KELLEY _ 16 JOHNSON _ 17 MC CAMMACK _ 18 19 20 Secretary 21 22 The foregoing Resolution is hereby approved this day of 2010. 23 24 Patrick J. Morris, Chairperson Community Development Commission 25 of the City of San Bernardino 26 Approved as to Form: 27 By: 28 Agency Co sel 3 P'.\Agendas\RaolutionsV esolutionsQOID\D3-01-10In-N-Om Burgas,Inc.-ERN Agreenesn CDC Roo REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO REDEVELOPMENT PROJECT STUDY AND EXCLUSIVE RIGHT TO NEGOTIATE AGREEMENT IN-N-OUT BURGER,INC.,A CALIFORNIA CORPORATION (CENTRAL CITY NORTH REDEVELOPMENT PROJECT AREA) This Redevelopment Project Study and Exclusive Right to Negotiate Agreement is dated as of March 1, 2010 (this "Agreement"), and is entered into by and between In-N-Out Burger, Inc., a California corporation (the "Developer"), and the Redevelopment Agency of the City of San Bernardino, a public body, corporate and politic (the "Agency"), in light of the facts, understandings and intentions set forth in the following recital paragraphs: RECITALS A. The Agency desires to encourage and effectuate the redevelopment of certain real property, located within the Central City North Redevelopment Project Area (the "Project Area") of the City of San Bernardino (the "City"). B. The Arncy is the fee owner of approximately 56,250 square feet of vacant land at the southeast comer of 5 and "H" Streets within both the Project Area and the Downtown Area of the City and identified as assessor parcel numbers 0134-093-40 and 0134-093-41 (collectively, the "Property" and sometimes referred to as the "Study Area"). C. The Study Area is identified and depicted in Exhibit"A" and the legal description of the Property is set forth in Exhibit "B" both of which are attached hereto and incorporated herein by reference. D. The State of California is widening the I-215 Freeway through the City and in doing so has used eminent domain authority to acquire the Developer's property located on 2"a Street along the northbound lanes which has necessitated that the Developer move to a new location. E. The Developer has sent a letter to the Agency expressing their interest in acquiring the Property and in constructing a new facility on the Property. F. The Agency is prepared to consider and study specific proposals and plans to facilitate the redevelopment of the Study Area so as to foster the community economic development goals and objectives of the Agency for the Project Area. G. The Developer and the Agency believe it is appropriate for the Developer to undertake certain redevelopment studies and to incur certain costs as part of a program for the study of feasible redevelopment programs for the Study Area in anticipation of the acquisition of the Property by the *r Developer from the Agency, subject to the terms and conditions as set forth below. `�.. AGREEMENT IN CONSIDERATION OF THE FOREGOING RECITALS, WHICH ARE INCORPORATED INTO THIS AGREEMENT BY THIS REFERENCE AND THE MUTUAL COVENANTS AND PROMISES SET FORTH HEREIN, THE DEVELOPER AND THE AGENCY HEREBY AGREE, AS FOLLOWS: 1. Developer Acknowledgments and Term of Agreement. a. The Developer hereby acknowledges and agrees that no provision of this Agreement shall be deemed to be an offer by the Agency or an acceptance by the Agency of any offer or proposal from the Developer to convey any interest in the Property to the Developer. Any studies relating to the Study Area and to the Project (as defined below)that may hereafter be undertaken by the Developer, in its sole discretion, shall be the sole responsibility and property of the Developer and shall not be deemed to be undertaken for the benefit of the Agency and the City. b. The qualifications and identity of the Developer are of particular importance to the Agency. The Agency relied on these qualifications and identity in entering into this Agreement with the Developer. Accordingly, except as expressly set forth herein below, during the term of this Agreement, the Developer shall not transfer or assign all or any of the Developer's rights or obligations set forth in this Agreement (hereinafter, collectively, a "Transfer") and no voluntary or involuntary successor-in-interest of the Developer shall acquire any rights or power under this Agreement except pursuant to an assignment approved in writing by the Interim Executive Director of the Agency such approval not to be unreasonably withheld, delayed or conditioned. For purposes of this Agreement, a Transfer shall include both (i) a transfer on a cumulative basis of more than twenty- five percent (25%) of the beneficial ownership interest in the Developer, and (ii) a transfer of the management and control of the Developer to any third party other than to an Affiliate of the Developer. (1) As used herein, the term "Affiliate" means any Person which, directly or indirectly (including through one or more intermediaries), controls or is controlled by or is under common control with any other Person, including any Subsidiary of a Person, and (B) any franchisee of Developer or any other Developer Affiliate. For purposes of this definition, the term "control" (including the correlative meanings of the terms "controlled by" and "under common control with"), as used with respect to any Person, shall mean the possession, directly or indirectly (including through one or more intermediaries), of the power to direct or cause the direction of the management and policies of such Person, through the ownership or control of voting securities, partnership interests or other equity interests or otherwise. (2) As used herein, the term "Person" means any corporation, partnership, limited liability company, co-tenancy, joint venture, individual, business trust, real estate investment trust, trust, banking association, federal or state savings and loan institution, or any other legal entity, whether or not a party to this Agreement. (3) As used herein, the term "Subsidiary" means any corporation, partnership, limited liability company, business trust or other legal entity with respect to 1) which a Person owns, directly or indirectly (including through one or more intermediaries), more than fifty percent(50%) of the voting stock or partnership, membership or other equity interest, respectively. The Interim Executive Director of the Agency shall approve or disapprove any requested Transfer requiring Agency approval within ten (10) business days after receipt of a written request for approval from the Developer, together with such documentation as may be reasonably required by the Interim Executive Director of the Agency, to evaluate the proposed transaction and the proposed assignee's or transferee's experience and qualifications, including the proposed assignment and assumption agreement by which the assignee expressly agrees to assume all rights and obligations of the Developer under this Agreement arising after the effective date of the assignment, and in which the assignee or transferee agrees to assume, or the Developer expressly remains responsible for, all performance and obligations of the Developer arising prior to the effective date of the Transfer. The assignment and assumption agreement shall be in a form reasonably acceptable to the Agency's legal counsel. No later than the date the Transfer becomes effective, the Developer shall deliver to the Agency the fully executed assignment and assumption agreement. C. Notwithstanding any other provision set forth in this Agreement to the contrary, the Agency's approval of a Transfer by the Developer shall not be required in connection with any of the following transactions: (1) Transfers resulting from the death or mental or physical incapacity of an individual who is principal of the Developer; (2) the approval and execution by the Developer of one or more purchase/sale agreements, leases and other similar agreements, including, without limitation, any co-venture agreements with third parties, that are not inconsistent with the Developer's ultimate development of the Project (as defined below), and with the understandings that no such agreement shall be deemed to limit or restrict the Agency's or the City's discretion with respect to the terms and conditions of any of the Development Entitlements referred to in Section 2 or the terms and conditions to be set forth in the Project Disposition and Development Agreement referred to in Section 8 of this Agreement, and any such agreement that pertains to all or any portion of the Property shall not be binding upon the Agency, the City or the Property until the Project Disposition and Development Agreement is approved and executed by all parties and then subject to such terms and conditions that may be set forth in the Project Disposition and Development Agreement; (3) the granting of such temporary or permanent easements or permits as may be requested by the City or other governmental agencies or utility companies with jurisdiction over the Study Area or as may be necessary and appropriate to facilitate development of the Project within the Study Area; (4) Transfers for financing purposes; and (5) Transfers to any of the following transferees: (A) an Affiliate or successor, by operation of law, of Developer (i.e. a change in Developer's name, a change in z the form of the entity comprising the Developer, or a change in the state of the Developer's incorporation); (B) any corporation into which or with which the Developer or any Affiliate of the Developer may merge, or to any corporation or other business entity or company that results from a reorganization or = consolidation by or with the Developer; (C) a duly qualified franchisee of the Developer; (D) a joint venture in which the Developer is a joint venture partner 1 responsible for the conduct of the business in the Project; or(E) any corporation or other business entity or company to which the Developer sells all, or substantially all, of its assets in California or all, or substantially all, of its j corporate shares. Additionally, for the avoidance of doubt, and in no way limiting the generality of the provisions of this Section 1, no issuance, sale, conveyance or transfer of the Developer's or any of its Affiliates' stock or assets, including, without limitation, pursuant to a merger, consolidation or stock exchange, shall be deemed a Transfer for which the Agency's consent is required. d. This Agreement shall automatically terminate, without further notice or action, and be i of no further force or effect twelve(12) months following the Effective Date, unless prior to that time: (1) the parties execute the Project Disposition and Development Agreement, as described below, which will include, without limitation, other relevant community redevelopment covenants acceptable to the Agency and such other terms and conditions mutually acceptable to the parties, in which case this Agreement shall terminate on the effective date of the Project Disposition and Development Agreement; or (2) the parties each agree at their sole discretion to extend the term of this Agreement in writing to a specific date not to exceed twelve (12) months beyond the initial term of this Agreement, subject to the Interim Executive Director of the Agency first reasonably making a finding based upon written documentation and other facts presented to verify that satisfactory progress is being made to complete the activities to be performed by the Developer set forth in Section 3; for purposes of implementing this extension provision to the term of this Agreement by and on behalf of the Agency, and subject to said finding to be made by the Interim Executive Director of the Agency, (A) the Interim Executive Director of the Agency is hereby authorized to administratively { approve in writing one (1) extension of not to exceed six (6) months in duration, 3 and (B) the governing body of the Agency (the Community Development Commission(the "Commission")) shall be required to approve any extensions in excess of six (6)months but not to exceed the aforesaid twelve (12)months; or (3) a party terminates this Agreement as provided under Section 20 or Section 21, as applicable. d 2. The Proiect. Subject to the terms and conditions of this Agreement, the negotiation and execution of a mutually satisfactory Project Disposition and Development Agreement (as defined in Section 31 below), the approval by the City, the Agency and other governmental agencies with jurisdiction over the Study Area of the general plan amendment, zone change and other discretionary permits and approvals that are needed to accommodate the development contemplated by this Agreement (collectively,the"Development Entitlements"), the City's or the Agency's analysis of the development of the Study Area pursuant to the California Environmental Quality Act ("CEQA"), and compliance with all other applicable state and local laws, ordinances and regulations for such development, the Developer shall take all reasonable actions required or necessary for determining the feasibility of the acquisition and redevelopment of the Property (the "Project"). The Developer may modify the description of the Project at any time; provided, however, that substantial modifications of the Project shall: (1) be subject to the written acceptance and written approval of the Agency such approval not to be unreasonably withheld, delayed or conditioned; and (2) depending on the nature of such a modification, a suitable modification of any applicable development permit and CEQA application and approval and the Project Study referred to below may also be required. 3. Negotiation Period. Proiect Study and Proiect Studv Costs. a. The rights and duties of the parties established by this Agreement shall commence following the approval of this Agreement by the Commission and after such time as this Agreement has been fully executed by the parties within the period of time authorized in Section 18 (such date being the "Effective Date") and continue for twelve (12) months from the Effective Date unless such date shall have been first extended as authorized under Section 1.d.(2). Such time period during which this Agreement shall be in effect (including any extensions of time approved by the Agency) is referred to as the "Negotiation Period". b. Within one hundred eighty (180) calendar days following the Effective Date, the Developer shall submit to the Agency a site plan for the Study Area and a feasibility study for the redevelopment project proposed by the Developer (the "Project Study"). The Project Study, which may be in the form of a letter from the Developer to the Agency, shall include, without limitation, the following information: (i) projections of the total estimated cost of the Project and the amount of debt and equity to be contributed by the Developer to the Project; and (ii) projections of the type, amount and source of any financial assistance that the Developer may propose to have the Agency contribute to the Project. The Agency may at its discretion and at its sole cost and expense retain the services of a firm of community redevelopment and planning and environmental consultants to assist in the preparation and review of the various investigations, surveys and reports appropriate in connection with the Project Study and the Project proposed by the Developer. S `.. C. The Agency shall, on a best efforts basis during the course of the Project Study, consider the specific terms and conditions of any monetary redevelopment assistance which the Developer may propose to include in the Project Disposition and Development Agreement. d. During the course of the Project Study, the Developer shall pay for all of its costs associated with the Project Study, including, but not limited to, the expenses of third party consultants and appraisers who are engaged by the Developer under written contract to undertake one or more elements of the Project Study (collectively, the "Project Study Costs"); provided, however, that the Developer shall not be required to pay for any third party consultants engaged by the Agency pursuant to Section 3.b. above. Furthermore, the Project Study Costs that are the Developer's responsibility do not include any third party costs incurred by the Agency in connection with the Agency's review of the Developer's submittals or the Agency's independent performance of any study or document as part of the Project Study. In addition, each party shall bear its own legal fees and overhead and administrative costs in connection with the preparation and review of the Project Study. e. All third party consultants retained by the Agency to prepare any study or document as part of the Project Study shall be subject to the sole control and direction of the Agency. The work product of any such person shall be the property of the Agency and subject to the confidentiality provisions of Section 11 below, the Agency shall have the right to use and republish such work product for any purpose; provided, however, that to the limited extent the Developer provides the Agency with copies of architectural and engineering plans or drawings, the Developer does not thereby transfer to the Agency the ownership rights with respect thereto or the rights to reuse or republish the same and the Developer does not waive any legal rights it might have with respect to such work product and the Agency's use and republishing of such work product in the absence of this Agreement. £ The Developer shall inform the Agency in writing, whether based on the information set forth in the Project Study to be submitted to the Agency pursuant to Section 3.b., the Developer believes the Project is feasible. Thereafter, assuming the Developer has determined the Project is feasible,the Developer and the Agency may proceed to negotiate the final form of an agreement which will specify the specific business terms upon which the Property will be conveyed to the Developer and the Project will be developed (the "Project Disposition and Development Agreement" or the "Project DDA"), subject to the understandings that (i) the Agency reserves the right, in its sole and absolute discretion, to approve or disapprove the Project DDA and the Agency does not preapprove or precommit to any particular terms to be included in the Project DDA; (ii) in no event shall any such negotiated Project DDA become effective unless duly approved by the Commission after compliance with CEQA and all other applicable laws; and (iii) in no event will the Project DDA provide for or allow the conveyance to the Developer of the Property prior to the issuance of all of the Development Entitlements consistent with the Project DDA. g. The Agency and the Developer shall negotiate diligently and in good faith during the Negotiating Period. h. Within ten (14) calendar days from receipt of any information from the Developer as provided in this Section 3, the Interim Executive Director of the Agency shall reasonably determine whether such information is satisfactory. If the specific item of information is unsatisfactory to the Interim Executive Director of the Agency, he shall notify the Developer in writing of the reason or reasons that the information is unsatisfactory. If the Interim Executive Director of the Agency does not make a determination regarding any item of information submitted by the Developer under this �... Section 3 within ten (10) calendar days from receipt of such information, the information shall be deemed, submitted in acceptable form by the Agency. The determinations to be made by the Interim Executive Director of the Agency under this subsection shall in no way bind or constitute the approval of the Agency regarding, without limitation, plans, specifications, engineering, architecture, uses, tenants, the Project, the Development Entitlements, the Project's satisfaction of the requirements of CEQA or the Project DDA. 4. Obligations of the Developer. During the Negotiation Period, the Developer shall proceed diligently and in good faith to perform the following: a. consider the redevelopment of the Project, including, without limitation, the design of improvement elements as appropriate for the Project; and b. at the option of the Developer, undertake to retain an additional qualified NMI appraiser for a second fair market value appraisal of the Property if deemed warranted by the Developer; and C. review and provide the Project Study information described in Section 3 and, if acceptable to the Developer, submit an executed copy of the final form of the Project DDA to the Interim Executive Director of the Agency on or before the end of the Negotiation Period (or such later date corresponding to an authorized extension of the Negotiation Period); and d. consult with the Agency on a regular basis and keep the Agency advised on the progress of the Developer in completing its obligations under this Agreement. In addition to the foregoing, during the Negotiation Period, the Developer shall have the right, but not the obligation, to file a formal application with the City for approval of one or more of the Development Entitlements for the Project. 5. ERN Fee. Concurrently, with the execution and delivery of this Agreement by the undersigned parties on the Effective Date, the Developer has delivered to the Agency a check in the amount of Fifty Thousand Dollars ($50,000)representing the Exclusive Right to Negotiate Fee (the"ERN Fee"). In the event the parties enter into a Project DDA, the parties intend that the Project DDA will provide that the ERN Fee, plus interest earnings, if any, will be credited in full toward the Developer's purchase price for the Property. If the parties do not enter into a Project DDA during the Negotiation Period, the Agency shall be entitled to retain the entire ERN Fee, plus interest earnings, if any, as compensation for removing the Property from consideration by other prospective purchasers and to reimburse the Agency for its costs and expenses incurred for the negotiation and preparation of this Agreement and performing its obligations hereunder. In addition, if the Developer commits an uncured material default under this Agreement the Agency agrees that the amount of the ERN Fee shall be the Agency's sole and exclusive damages and remedy against the Developer except as specifically set forth in Sections 22 and 23 of this Agreement, it being understood and agreed between,the Agency and thei Developer that it would be extremely difficult or impracticable for the Agency and the Developer to fix- the actual amount of damages that the Agency would incur in the event of an uncured Developer default hereunder, that the parties desire to fix and liquidate the amount of such damages in advance in order to eliminate the time, cost and risk involved in prosecuting and defending litigation to determine 7 the amount of actual damages, and that the amount of the ERN Fee, plus interest earnings, if any, is a reasonable estimate as of the Effective Date of this Agreement as to the amount of actual damages that would be incurred by the Agency in such circumstances. 6. Agency Not to Negotiate with Others. a. The Agency currently deems the acquisition of the Property by the Developer from the Agency, and the disposition of the Property by the Agency to the Developer, and redevelopment of the Study Area for a feasible Project to be appropriate for further review and consideration, and the Developer appears to be qualified to undertake the task of planning the details for the potential acquisition of the Property and development of the Study Area. b. During the Negotiation Period, the Agency shall not negotiate with any other person or entity regarding either the disposition of the Property or the redevelopment of all or any portion of the Project. The term "negotiate", as used herein, shall be deemed to preclude the Agency from approving any other offer or proposal from a third party to either acquire from the Agency any interest in the Study Area (in whole or in part) or development of the Project in the Study Area, and from discussing other redevelopment proposals for the Study Area with third persons or entities; provided, however, any person may submit and the Agency may consider any proposal for the disposition and/or for the redevelopment of land adjacent to the Study Area. C. Subject to its obligations set forth in Section 6.b. above and the confidentiality .. provisions of Section 11 below, the Agency may provide any other information in its possession that would customarily be furnished to persons requesting information from the Agency regarding the Study Area and other Agency public information concerning its activities, goals and matters of a similar nature, or as required by law to be disclosed upon request. 7. Agencv Cooperation. During the Negotiation Period,the Agency shall: a. at the request of the Developer, use its best efforts to assemble written materials and documents relating to the Property that are in the possession of the Agency; and b. use its best efforts to provide appropriate and timely comments to the Developer with respect to one or more conceptual development plans, as may be proposed by the Developer for the Project, and the redevelopment of the Study Area, including, but not limited to, conceptual plans or studies of vacation, realignment or abandonment of public property and facilities, the installation and improvement of public improvements, any formal Development Entitlement applications that may be filed by the Developer during the Negotiation Period, and any environmental evaluation of the Project that may be undertaken during the Negotiation Period under CEQA; provided, however, that the Agency reserves its discretion and authority with regard to provide support and approval for the Development Entitlements for the Project, right to object and the right to take no position of such matters as set forth in the last paragraph of Section 4 above; and C. use its best efforts to provide the Developer with information or copies of all reports, studies and other information in the City's or the Agency's possession relative to the Property; and R d. use its best efforts in working with the City to process the Development Entitlements as may be deemed acceptable to the Agency, including, if applicable any necessary zoning amendments. Concurrently with the execution of this Agreement, the Developer and the Agency shall execute and deliver a Right of Entry and Access Agreement in substantially the form attached hereto as Exhibit"C". 8. Negotiation of the Project DDA. It is the intent of the parties that the Developer and the Agency will negotiate the final terms and conditions of a proposed Project DDA during the Negotiation Period of this Agreement. Notwithstanding such commitment of the Agency to negotiate the terms and conditions of the final Project DDA, nothing contained herein commits the Agency Staff to recommend approval of any final form of a Project DDA presented for consideration by the Commission, nor shall the Commission be committed to approve any final form of a Project DDA by reason of the execution of this Agreement or by reason of any other actions of the Agency, the Agency Staff or the Commission prior to the conducting of a noticed public hearing on the consideration of the Project DDA in the manner as required by law. Should the Agency and the Developer execute and deliver a Project DDA, the parties anticipate as of the Effective Date of this Agreement that the Project DDA will or may include, without limitation,the following terms, provisions and covenants: (1) that the purchase price for the Property will be the fair market value of the Property determined not more than six (6) months prior to the anticipated transfer of the Property to the Developer (in accordance with and pursuant to the Project DDA); and (2) that any Broker fees, commissions, or payments shall be paid for by the Developer and shall not be taken out of the sales price proceeds payable to the Agency; and (3) such provisions for Agency financial assistance for on-site, Property and off-site public improvements to which the Agency and the Developer may mutually agree, as referred to in Section 3.c. of this Agreement, and subject to the understanding that the Agency does not precommit to any financial assistance pursuant to this Agreement that may be included in the Project DDA; and (4) an acknowledgment that the conveyance of the Property to the Developer and the Developer's right and obligation to develop the Project in the Study Area will be conditional and contingent upon the issuance of all of the Development Entitlements; and (5) a provision that the ERN Fee, plus interest earnings, if any, payable pursuant to -- Section 5 of this Agreement shall be credited in full toward the Developer's purchase price for the Property. 9. Consideration for this Agreement and Reservation of Rights. In consideration for the Agency entering into this Agreement, the Developer will undertake its obligations under this Agreement and provide the Agency with copies of all studies and reports and other information (excluding confidential or proprietary information) generated by the Developer or its consultants regarding the Project to be used only in connection with this Agreement, but without warranty or representation by the Developer as to the completeness, correctness or validity of such studies and reports and other information. The parties agree that, if this Agreement terminates for any reason, or the Agency fails to extend the Negotiation Period, or the Project DDA is not finally approved by the Commission, for any reason, neither party shall have any further obligation to the other under this Agreement regarding the disposition, acquisition, reuse, redevelopment or development of the Study Area. 10. Planning and Design; Related Acknowledgments of the Parties. Certain development standards and design controls for the Project may be established between the Developer and the Agency in negotiation of or in the final form of the Project DDA, but it is understood by both parties that the Project must conform to the City's development, design and architectural standards. The Agency shall fully cooperate with the Developer's professional associates in providing information and non-monetary assistance in connection with the Developer's preparation of drawings, plans, and specifications. Nothing in this Agreement shall be considered approval of any plans or specifications for the Project itself by either the Agency or the City. 11. Developer Financial Disclosures. Subject to its reserved rights set forth in Section 9 hereinabove, the Developer acknowledges that it may be requested to make certain confidential financial disclosures to the Agency, its staff or legal counsel, as part of the financial due diligence investigations of the Agency relating to the potential disposition of the Property to the Developer or development of the Project. The Developer reserves the right in its sole and absolute discretion to approve or disapprove any such requested disclosures. The parties recognize that such financial disclosures may contain sensitive information relating to other business transactions of the Developer,that the disclosure of such information to third ` parties could impose commercially unreasonable and/or anti-competitive burdens on the Developer and, correspondingly, diminish the value or fiscal benefit that may accrue to the Agency upon the disposition of the Property to the Developer, if terms for such disposition are mutually agreed upon. Accordingly, the Agency agrees to maintain the confidentiality of any business records that are "corporate financial records, corporate proprietary information including trade secrets, and information relating to sitting within the state furnished to a government agency by a private company for the purpose of permitting the agency to work with the company in retaining, locating or expanding a facility within California" as described in Government Code Section 6254.15, as may be provided by the Developer to the Agency or its consultants, as permitted by law. The Agency shall advise the Developer of any Public Records Act requests for such business records, and the proposed response of the Agency thereto, a reasonable time prior to the Agency's delivery of such response and, if the Agency proposes to disclose any such business records, the Agency shall first confer with the Developer to consider any objections that the Developer may have to such disclosure. 12. Developer Acquires No Interest in the Property. The Developer hereby acknowledges that it has not acquired and will not acquire, by virtue of the terms of this Agreement, any legal or equitable interest in the Property or any other property rights of any nature. From and after the termination date of this Agreement and provided that there is no Project DDA then in effect, the Agency Staff may elect to work in cooperation with the Developer to continue to process to obtain the Project DDA. The Agency will not be required to expend funds for any third party costs or for other consultants or legal counsel unless agreed in advance to be reimbursed by the Developer to the Agency. 13. Nondiscrimination. The Developer shall not discriminate against nor segregate any person, or group of persons on account of race, color, creed, religion, sex, marital status, sexual orientation, physical disability, mental disability, medical condition, including the medical condition of Acquired Immune Deficiency Syndrome, national origin or ancestry, age, including all other protected classes of person and groups of persons as may be considered as such by any applicable federal, state, or local law, statute, code, ordinance, rule or regulation, as amended from time to time, in undertaking its obligations under this Agreement. 14. Compliance with Law. The Developer acknowledges that the Project DDA, if mutually agreeable terms are established, is likely to require the Developer (among other things) to carry out the construction of certain improvements in conformity with all applicable laws, including all applicable planning and zoning laws, environmental planning and safety laws, and California prevailing wage laws. The parties agree that it is their intent for the Project DDA as finally structured and agreed upon by and between the Parties to not cause the development of the Project to be considered as a"public work" for purposes of California prevailing wage laws as a result of the type of financial assistance as may be provided by the Agency, if any, to the Developer and the determination of the sales price for the Property to be paid by the Developer to the Agency. '< 15. Required Approvals. No Project DDA between the parties shall have any force or effect nor shall the Agency be deemed to be a party to any agreement for the disposition of real or personal property to the Developer, until the terms and conditions of the Project DDA are considered and approved by the Commission, following the conclusion of a public hearing, as required by law. 16. Press Releases. The Developer agrees to discuss any press releases it may propose relating to the Study Area s� with the Interim Executive Director of the Agency or his designee, prior to publication, to assure accuracy and consistency of the information. 17. Notice. All notices required hereunder shall be presented either(i) in person, (ii) by fax and confirmed by First Class certified or registered United States mail with return receipt requested, or (iii) by reputable overnight delivery service (such as Federal Express). Notice shall be deemed confirmed by United States mail effective the second business day after deposit with the United States Postal Service. Notice by personal service shall be deemed effective upon delivery. Either party may change its address for receipt of notice by notifying the other party in writing. Notice shall be deemed to have been completed when the notices have been properly delivered as provided in this Section regardless of whether notice has been delivered to any other person entitled to receive a copy of such notice. Failure to provide notice to any person listed herein to receive a copy of notices shall not defeat or render as incomplete any notice as delivered to the other party that is a signatory to this Agreement. To the Developer: In-N-Out Burger, Inc. Attention: Real Estate Department 13502 Hamburger Lane Baldwin Park, California 91706-5885 For Overnight Deliveries Only: 13752 Francisquito Avenue Attention: Real Estate Department Baldwin Park, California 91706 Telephone: (626) 813-7363 With a copy to: Miller Starr Regalia Attention: JoAnne L. Dunec 1331 N. California Blvd., Fifth Floor Walnut Creek, California 94596 Telephone: (925) 935-9400 To the Agency: Redevelopment Agency of the City of San Bernardino Attention.: Emil A. Marzullo, Interim Executive Director 201 North"E" Street, Suite 301 San Bernardino, California 92401-1507 Telephone: (909) 663-1044 18. Acceptance of Agreement by the Developer. The Developer shall acknowledge its acceptance of this Agreement by delivering three (3) counterpart executed copies of this Agreement as executed by the Developer prior to the date of consideration and approval of this Agreement by the Commission. As further set forth in Section 3a. hereof, the Effective Date of this Agreement shall be deemed to have occurred upon the final approval by the Commission and the execution of this Agreement by the Interim Executive Director of the Agency. 19. Authority. Each signatory to this Agreement represents and warrants that he or she has the authority to execute this Agreement on behalf of the party whom he or she purports to represent. 20. Optional Termination by Developer or by Aeency. a. The Developer may, in its sole and absolute discretion, exercise an election to terminate this Agreement provided that the Developer gives at least a twenty-one (21) calendar day advance written notice to the Agency. If the Developer terminates this Agreement for any reason other than an uncured Agency default, it shall not be entitled to a refund of any portion of the ERN Fee, plus interest earnings, if any, referred to in Section 5, it shall remain responsible for performance of its indemnity obligations set forth in Section 23 with respect to any acts or omissions of the Developer occurring prior to the effective date of the termination, and otherwise, neither party shall have any further rights or obligations to the other party hereunder. If the Developer terminates this Agreement due to an uncured Agency default, then the ERN Fee,plus interest earnings,if any, shall be promptly refunded to the Developer, the Agency shall remain responsible for performance of its indemnity obligations set forth in Section 23 with respect to any acts or omissions of the Agency occurring prior to the effective date of the termination, the Agency's obligation to refund the ERN Fee, plus interest earnings, if any, shall survive such termination, and otherwise, neither party shall have any further rights or obligations to the other party hereunder. b. The Agency may not exercise an election to suspend the Project or to terminate this Agreement other than as provided in Section 21 hereof. 21. Defaults and Breach—General. Failure or delay by either party to perform any material term or provision of this Agreement shall constitute a default under this Agreement; provided, however, that if the party who is otherwise claimed to be in default by the other party commences to cure, correct or remedy the alleged default within five (5) business days after receipt of written notice specifying such default and shall in fact complete such cure, correction or remedy, with reasonable diligence, such party shall not be deemed to be in default hereunder. Notwithstanding anything to the contrary in the foregoing, if negotiations are not progressing with diligence and good faith, as determined by either party in its reasonable discretion each party shall have thirty (30) calendar days to cure the default by re-commencing to negotiate in good faith. The party, which may claim that a default has occurred, shall give written notice of default to the party in default, specifying the alleged default. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default; provided, however, the injured party shall have no right to exercise any remedy for a default as set forth herein without delivering the written default notice as specified herein. Any failure or delay by a party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with such a default. In the event of an uncured material breach, the party who is not in default shall be entitled to seek any appropriate remedy by initiating legal proceedings; provided, however, that, other than with respect to a Developer default in failing to perform its indemnity obligations set forth in Section '3, (i) the Agency shall not be entitled to specific performance or other equitable or injunctive relief 1 :iinst the Developer for a default by the Developer hereunder and (ii) the Agency's sole damages ra iedy shall be to retain the Developer's entire ERN Fee, plus interest earnings, if any, referred to in Sec. on 5 as liquidated damages. In the event that a material breach has occurred and the non-performing party has not cured such breach within the period of time provided for in this Section 21, the party who is not then in default may terminate this Agreement by serving the other party with a written notice of termination, and thereafter, the Agreement shall terminate on the date specified in such notice, which date shall not be earlier than the later of (i) ten (10) calendar days following the date of service of the notice of termination on the other party or (ii) the date otherwise specified in such notice. Except as provided in Section 23, the Agency shall not otherwise be liable to the Developer for any monetary damages nor shall the Agency be required to pay compensation to the Developer for any breach by the Agency of this Agreement. 22. Attorneys' Fees. If any party hereto files any action or brings any action or proceeding against the other arising out of this Agreement, or is made a party to any action or proceeding brought by a third party, then as between the Developer and the Agency, the prevailing party shall be entitled to recover as an element of its costs of suit, and not as damages, its reasonable attorneys' fees as fixed by the Court, in such action or proceeding or in a separate action or proceeding brought to recover such attorneys' fees. As between the Developer and the Agency, the prevailing party shall be entitled to recover as an element of its costs of suit, and not as damages, its reasonable attorneys' fees as fixed by the Court, in such action or proceeding or in a separate action or proceeding brought to recover such attorneys' fees. In Qthe event the City becomes a party to any such action or proceeding or otherwise pursuant to Section 23 hereof, the words "reasonable attorneys' fees" in the case of the Agency shall include the salaries, costs and overhead of lawyers employed in the Office of the City Attorney of the City of San Bernardino. 23. Indemnification. Each party agrees to indemnify, protect, defend and hold the other, and their officers, employees and agents, harmless from and against, without limitation, all actions, causes of action, claims, demands, damages, judgments, costs, expenses and penalties (including, without limitation, attorneys' fees, court costs, consultant fees and costs, and all attorneys' fees and court costs incurred in connection with all appeals), to the extent arising from or related to any uncured default by the other t party hereunder or any intentional misconduct or negligent act or omission of the other party, its agents, employees and/or independent contractors (and the successors and/or assigns of each of them) in performing, omitting, or failing to perform, in its obligations hereunder (collectively, the "Claims"); provided, however, that (i) the foregoing indemnity obligation shall not apply to the extent any Claims arise out of any default by the other party in performing its obligations set forth in this Agreement or to the extent the other party has engaged in any intentional misconduct or is guilty of gross negligence and (ii) the foregoing indemnity obligation shall not cover any Claim for exemplary or punitive damages unless the other party is guilty of malice. The party claiming default shall give the other party written notice of the occurrence of any Claim for which it seeks indemnity under this Section as promptly as practicable following such party's knowledge of the occurrence of such matter and the other party shall reasonably cooperate with the other in the defense of any such Claim. This indemnity provision shall survive the execution, delivery, expiration and/or termination of this Agreement and shall apply to the City in the same manner as it shall be applicable to the Agency. id 24. Governing Law, Venue. The parties hereto expressly agree that this Agreement shall be governed by, interpreted under, and construed and enforced in accordance with the laws of the State of California. Further, the parties to this Agreement hereby agree that any legal actions arising from this Agreement shall be filed in California Superior Court, in the County of San Bernardino, San Bernardino District. 25. Severability. If any term, provision or portion of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision or portion thereof to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each such term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 26. No Intent to Create Third Party Beneficiaries. The parties intend that the rights and obligations under this Agreement shall benefit and burden only the parties hereto, and do not intend to nor shall it create any rights in, or right of action to or for the use or benefit of any third party, including any governmental agency, who is not one of the parties to this Agreement. f 27. Waivers. No waiver of any breach of any covenant or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof, or of any other covenant or provision herein contained. No extension of the time for performance of any obligation or act to be performed herein shall be deemed to be an extension of the time for performance of any other obligation or act to be performed under this Agreement. 28. Entire Agreement: Counterparts. This Agreement (including Exhibit "A", Exhibit "B" and Exhibit "C" attached hereto) is the final expression of, and contains the entire agreement between the parties with respect to the subject t matter hereof and supersedes all prior understandings with respect thereto. This Agreement may not be modified, changed, supplemented or terminated, nor may any obligations hereunder be waived, except by written instrument signed by the appropriate party or by its agent duly authorized in writing or as otherwise expressly permitted herein. In the case of the Agency, the appropriate party shall be the Interim Executive Director. This Agreement may be executed in one or more counterparts, each of which shall be an original, and all of which together shall constitute a single instrument. 29. Time of Essence. Time is strictly of the essence with respect to each and every term, condition, obligation and provision hereof. Failure to timely perform any of the terms, conditions, obligations or provisions hereof by either party shall constitute a default under this Agreement by the party so failing to perform, which default can be waived by the other party at its sole and complete discretion. 30. Construction and Intenwetation of Agreement. Headings at the beginning of each Section, paragraph and subparagraph are solely for the convenience of the parties and are not a part of this Agreement. Whenever required by the context of this Agreement, the singular shall include the plural and the masculine shall include the feminine and vice versa. This Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if both parties had prepared the same. Unless otherwise indicated, all references to Sections are to this Agreement. Exhibit "A", Exhibit `B" and Exhibit "C" as referred to in this Agreement are attached hereto and incorporated herein by this reference as if fully set forth herein in their entirety. 1/1 IN WITNESS WHEREOF, the Developer and the Agency execute this Agreement on the dates indicated next to each of the signatures of their authorized representatives as they appear below, and this Agreement shall be deemed to be in full force and effect upon the Effective Date. DEVELOPER: In-N-Out Burger, Inc. a California corporation Dated: By: Name: Title: AGENCY: Redevelopment Agency of the City of San Bernardino, a public body, corporate and politic Dated: G " ' r 0 By: Emil A. Marzullo, Interim Executive Director Approved as to Form and Legal Content: By A ncy Co ns I 17 P.Wgcndas gcnda AOachm \Agenda Auachme k gm Amend 3010\03-0I-10Io-N-0ut Bwgc,l .ERN AUm .do EXHIBIT"A" DEPICTION OF THE STUDY AREA [Attached] 18 - - - - - - - - - - - - -k.4 H F4-R.- - - - - r -- i- - - - - - - - - - - ----- - - -S9kEH - - -i I i - I I I � I I — I i I I a I 1 mo r- - - _ I x I as ]6 056.]9 I / I n O I I � m I � Q 335.12 xE 61.x0 Inns I d I �• I ti v i O I O N � I I w O I n.63 10 .33 I W I I O iO I 1nmD I O O N V~A - FO 6e.e OX� mwi I Q m ye� O I op� 62.1 4 I N0 N m p .e I u.0 u.0 se � sa 1 sa 1 a '201 o j a uasl o 0 **M.e I 1 0 - -- - -f- - --- - -- --- - --- --- iT4HF= r EXHIBIT "B" LEGAL DESCRIPTION OF PROPERTY APN: 0134-093-40-0000 PARCEL NO. 1: LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE(S) 1, RECORDS OF SAID COUNTY. EXCEPT THE WEST 200 FEET. PARCEL NO. 2: PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE(S) 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING 150 FEET EAST OF THE NORTHWEST CORNER OF LOT 5; THENCE EAST 50 FEET; THENCE SOUTH TO THE SOUTH LINE OF SAID LOT 5; THENCE WEST 50 FEET; THENCE NORTH TO THE POINT OF BEGINNING. APN: 0134-093-41-0000 PARCEL NO. 1: THAT PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 100 FEET EAST OF THE NORTHWEST CORNER OF SAID LOT; THENCE EAST 50 FEET; THENCE SOUTH TO THE SOUTH LINE OF SAID LOT; THENCE WEST 50 FEET; THENCE NORTH TO THE TRUE POINT OF BEGINNING. PARCEL NO. 2: THE NORTH 37.5 FEET OF THE WEST 1/2 OF LOT 4, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY. 19 PARCEL NO. 3: THE SOUTH 37.5 FEET OF THE NORTH 75 FEET OF THE WEST 150 FEET OF LOT 4, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY. PARCEL NO. 4: PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID LOT 5; THENCE EAST 100 FEET; THENCE SOUTH 150 FEET, MORE OR LESS TO THE SOUTH LINE OF SAID LOT 5; THENCE WEST 100 FEET TO THE SOUTHWEST CORNER OF SAID LOT; THENCE NORTH 100 FEET TO THE SOUTHWEST CORNER OF SAID LOT; THENCE NORTH 150 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. ti 20 nA A.....a..1 e.....A.e.....x..—%A....A.s.._�___..l A_.. ._w—M . .,.._........... ._... . EXHIBIT "C" FORM OF RIGHT OF ENTRY AND ACCESS AGREEMENT [Attached] 21 RIGHT OF ENTRY AND ACCESS AGREEMENT This Right of Entry and Access Agreement (herein called this "Agreement") is made and entered into as of March 1, 2010 (this "Agreement"), and is entered into by and between the Redevelopment Agency of the City of San Bernardino ("Grantor"), and In-N-Out Burger, Inc. ("Grantee") WITNESSETH: WHEREAS, the Grantor is the owner of the real property more particularly described on Exhibit A, attached hereto (the "Property"); and WHEREAS, concurrently with the execution of this Agreement,the Grantor and the Grantee are entering into a Redevelopment Project Study and Exclusive Right to Negotiate Agreement related to the Property (the "ERN"); and WHEREAS, the Grantee needs the right of entry upon and access to the Property for the purpose of undertaking tests, inspections and other due diligence activities ("Due Diligence Activities") required in connection with the proposed acquisition by the Grantee of the Property in accordance with the ERN; and WHEREAS, the Grantor has agreed to grant to the Grantee, and the Grantee has agreed to accept from the Grantor, a non-exclusive license to enter upon the Property to perform the Due Diligence Activities in accordance with the terms and provisions of this Agreement; WHEREAS, the Grantor and the Grantee desire to execute and enter into this Agreement for the purpose of setting forth their agreement with respect to the Due Diligence Activities and the Grantee's entry upon the Property. NOW, THEREFORE, for and in consideration of the foregoing premises, the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency-of which are hereby acknowledged, the Grantor and the Grantee do hereby covenant and agree as follows: 1. Access by Grantee. Subject to Grantee's compliance with the terms and provisions of this Agreement, the Grantee and the Grantee's employees, agents and consultants designated in writing by the Grantee (collectively, "Grantee's Designees") shall have the right to enter upon the Property for the purpose of conducting the Due Diligence Activities, until the earliest to occur of: (i) the expiration or earlier termination of the ERN; (ii) the termination of this Agreement; or (iii) the execution of the Project Disposition and Development Agreement (the "Project DDA") contemplated by the ERN. The Grantee expressly agrees as follows: (i) that during the period of performance of Due Diligence Activities pursuant to this Agreement, the Grantee shall keep the area in which such Due Diligence Activities is performed free of trash or debris caused by such Due Diligence Activities; (ii) any activities by or on behalf of the Grantee, including, without limitation, the entry by the Grantee or the Grantee's Designees onto the Property in connection with the Due Diligence Activities shall not damage the Property in any manner whatsoever except for minor damage normally resulting from typical site investigation activities such as soil borings; (iii) in the event the Property is altered or disturbed in any manner in connection with the Due Diligence Activities, the Grantee shall promptly return the Property to the condition existing prior to the Due Diligence Activities (unless otherwise agreed in writing by the Interim Executive Director of the Agency), and (iv)the Grantee shall indemnify, defend and hold the Grantor harmless from and against any and all claims, liabilities, damages, losses, costs and expenses of any kind or nature whatsoever (including, without limitation, attorneys' fees and expenses and court costs) suffered, incurred or sustained by the Grantor as a result of, by reason of, or in connection with the Due Diligence Activities or entry by the Grantee and/or by the Grantee's Designees onto the Property, except to the extent they result from a pre-existing condition (and the Grantee and/or the Grantee's Designees, are not negligent in their actions with respect to any such pre-existing condition) and/or the negligence or willful misconduct of the Grantor and/or of any of the Grantor's Designees. 2. Lien Waivers. Upon receipt of a written request from the Grantor, the Grantee will provide the Grantor with lien waivers following completion of the Due Diligence Activities from each and every contractor, materialman, engineer, architect and surveyor who might have lien rights, in form and substance reasonably satisfactory to the Grantor and its counsel. To the extent permitted by applicable law, the Grantee hereby indemnifies the Grantor from and against any .„, claims or demands for payment, or any liens or lien claims made against the Grantor or the Property as a result of the Due Diligence Activities. 3. Insurance. The Grantee shall, and shall cause all of the Grantee's Designees performing the Due Diligence Activities to, procure or maintain a policy of commercial general liability insurance issued by an insurer reasonably satisfactory to the Grantor covering each of the Due Diligence Activities with a single limit of liability (per occurrence and aggregate) of not less than $1,000,000.00, and to deliver to the Grantor a certificate of insurance evidencing that such insurance is in force and effect, and evidencing that the Grantor has been named as an additional insured thereunder with respect to the Due Diligence Activities. Such insurance may be provided through a blanket policy(ies). Such insurance shall be maintained in force throughout the term of this Agreement. If the Grantee's contractors used for Due Diligence Activities are unable to meet these insurance requirements on their own, the Grantee may provide such coverage on their behalf. 4. Successors. To the extent any rights or obligations under this Agreement remain in effect, this Agreement shall be binding upon and enforceable against, and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and permitted assigns. 5. Limitations. The Grantor does not hereby convey to the Grantee any right, title or interest in or to the Property, but merely grants the specific and limited contractual rights set forth ,.. herein. 6. Notices. Whenever any notice, demand, or request is required or permitted under this Agreement, such notice, demand, or request shall be in writing and shall be addressed and delivered as provided in the notices provision of the ERN. 7. Assignment. Except for a written assignment by the Grantee to the Grantee affiliate that will be executing the Project DDA, if any, and a concurrent written assumption by the affiliate of this Agreement, this Agreement may not be assigned by the Grantee, in whole or in part,without the prior express written consent of the Grantor in its sole and absolute discretion. 8. Governing Law. This Agreement shall be construed, enforced and interpreted in accordance with the laws of the State of California. 9. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument. 10. No Recording of Agreement or Memorandum of Agreement. In no event shall this Agreement or any memorandum hereof be recorded, and any such recordation or attempted recordation shall constitute a breach of this Agreement by the party responsible for such recordation or attempted recordation. IN WITNESS WHEREOF, the Grantor and the Grantee have caused this Agreement to be executed on the day and year first written above. GRANTOR Redevelopment Agency of the City of San Bernardino, a public body, corporate and politic Date: By: Emil A. Marzullo, Interim Executive Director Approved as to Form and Legal Content: By: Agency Counsel GRANTEE In-N-Out Burger, Inc. a California corporation Date: By: Print Name: Title: EXHIBIT "A" To Right of Entry and Access Agreement LEGAL DESCRIPTION OF THE PROPERTY APN: 0134-093-40-0000 PARCEL NO. 1: LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE(S) 1, RECORDS OF SAID COUNTY. EXCEPT THE WEST 200 FEET. PARCEL NO. 2: PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT 1.. RECORDED IN BOOK 7 OF MAPS, PAGE(S) 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING 150 FEET EAST OF THE NORTHWEST CORNER OF LOT 5; THENCE EAST 50 FEET; THENCE SOUTH TO THE SOUTH LINE OF SAID LOT 5; THENCE WEST 50 FEET; THENCE NORTH TO THE POINT OF BEGINNING. APN: 0134-093-41-0000 PARCEL NO. 1: THAT PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 100 FEET EAST OF THE NORTHWEST CORNER OF SAID LOT; THENCE EAST 50 FEET; THENCE SOUTH TO THE SOUTH LINE OF SAID LOT; THENCE WEST 50 FEET; THENCE NORTH TO THE TRUE POINT OF BEGINNING. PARCEL NO. 2: THE NORTH 37.5 FEI OF THE WEST 1/2 OF LOT 4, BLOCK 26, CITY OF SAN BERNARDINO, IN THE ITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, d w141i STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY. PARCEL NO. 3: THE SOUTH 37.5 FEET OF THE NORTH 75 FEET OF THE WEST 150 FEET OF LOT 4, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY. PARCEL NO. 4: I PORTION OF LOT 5, BLOCK 26, CITY OF SAN BERNARDINO, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 7 OF MAPS, PAGE 1, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID LOT 5; THENCE EAST 100 FEET; THENCE SOUTH 150 FEET, MORE OR LESS TO THE SOUTH LINE OF SAID LOT 5; THENCE WEST 100 FEET TO THE SOUTHWEST CORNER OF SAID LOT; THENCE NORTH r^ 100 FEET TO THE SOUTHWEST CORNER OF SAID LOT; THENCE NORTH 150 FEET, tiwr MORE OR LESS, TO THE POINT OF BEGINNING. l i ZW _ .� - - — - - — - - — - - — - - — - - — - - - - - - p I c I - u sa oz, a as os os sr'Ir sr'u I a. a'n L I O � R'Ir� ply p Q 1'11 p�O O O O y0 0 b I N m TxO a 1.11 0Y Q(LN 1 O° i I Yl'r6Z I O ap ro a y I I I O r N I I b I � co e O I 1 iN = I N m � la'In it rn o m CN cn I C:o / I U I 11 I � I a n` V el :rCa`tt n___ Y m I O ^ I�o w s i a - - - - - - - - - - - - z I I I N I z I I - - - - - - - - - =a=a�=sr �- - - - — - - - - - - - -