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HomeMy WebLinkAbout2003 CON CDC MRW Group / Latino Builders - ENA Bay Marina Dr. / Marina WayEXCLUSIVE NEGOTIATION AGREEMENT By and Between COMMUNITY DEVELOPMENT COMMISSION OF NATIONAL CITY And MRW GROUP INC. AND LATINO BUILDERS THIS AGREEMENT ("Agreement') is entered in this 17th day of June 2003, by and between the COMMUNITY DEVELOPMENT COMMISSION OF NATIONAL CITY, a public body, corporate and politic ("CDC"), and MRW GROUP INC. AND LATINO BUILDERS, ("Developer"), on the terms and provisions set forth below. RECITALS WHEREAS, on July 18, 1995, the City Council of the City of National City adopted the Harbor District Redevelopment Plan Amendment for the City of National City ("Redevelopment Plan"") that expanded the National City Redevelopment Project Area ("Project Area"); and WHEREAS, the CDC is the owner of certain real property within the Project Area, as further described herein ("Site"'); and WHEREAS, the Developer is interested in purchasing the Site from the CDC and developing thereon a hotel and office complex consisting of an one hundred and twenty (120) to one hundred and seventy (170) room hotel with a 4,000 square foot restaurant and potentially an office building with a minimum of 8,000 square feet of space with commercial/retail uscs occupying the ground floor (collectively, the "Project"); and WHEREAS, the CDC and the Developer desire to enter into this Agreement to initiate exclusive negotiations for up to two hundred and ten (210) days ("Negotiation Period") for the ORIGINAL purposes of (i) allowing the Developer to negotiate and finalize an agreement with a hotel developer/operator of no less than a three star hotel ("Hotel Developer/Operator") (ii) undertaking due diligence activities regarding the Project; (iii) designing the Project; (iv) establishing the responsibilities, schedule, and financial parameters for development of the Project on the Site; (v) preparing environmental studies required for Project entiticmcnts; (vi) processing Project entitlements; (vii) setting the final Site purchase price; and (viii) negotiating and drafting a disposition and development agreement ("DDA"). NOW, THEREFORE, in consideration of the recitals and mutual covenants and conditions contained herein, the parties hereto agree as follows: I. SITE The Site constitutes the real property that is the subject of this Agreement. The Site is approximately six (6) acres or approximately 157,159 square feet located at the intersection of Bay Marina Drive and Cleveland Avenue. The exact square footage of the Site will be determined during the Site planning activities outlined below. The Site is depicted on Exhibit 1, which is attached hereto and incorporated herein by this reference. II. NEGOTIATION PERIOD A. Contract Negotiation Period The Negotiation Period shall commence upon the date CDC executes this Agreement ("Commencement Date"). During the first sixty (60) days of the Negotiation Period ("Contract Period"), the Developer shall Negotiate and finalize an agreement with a IIotel Developer/Operator. If at the conclusion of the Contract Period the Developer fails to (i) submit an executed agreement with a Hotel Developer/Operator then this Agreement shall automatically terminate. If the Developer does provide an executed contract with a IIotel Developer/Operator, which must be acceptable to the CDC, then the Developer, on the sixty (61) first day of the Negotiation Period, must deposit the Negotiation Deposit with the CDC, as described in Section III DEVELOPER DEPOSIT of this Agreement. B. Site Plan Development/Due Diligence During the next ninety (90) days of the Negotiation Period ("First Due Diligence Period"), the parties agree to negotiate in good faith to formulate the plan for development of the Project ("Development Program"') and conduct due diligence activities. The Development Program shall include and delineate the following elements: 1. The type and scope of the Project; 2. The interface of a phased development with the complete build out of the Site; 3. Required on and off -site infrastructure improvements; 4. Project, infrastructure, and state and local regulatory requirement costs; 5. Funding responsibilities and sources for development of the Project; 6. The parties/entities responsible for the various Project development activities; and 7. A detailed Project development schedule. 8. Establish a minimum purchase price for the site. During the First Due Diligence Period, the CDC and Developer, as applicable shall conduct their respective due diligence activities, including but not limited to: 1. Developer's timely delivery and submission to the CDC of sufficient evidence that the Developer has the required equity and financing letters of interest to complete the hotel aspects of the Project; 3 2. Developer's timely submission to CDC of expression of interest letters for the proposed hotel on the Site from a nationally recognized franchise and proposed operator; 3. Developer's timely delivery and submission to CDC of sufficient evidence for the proposed restaurant development on the Site demonstrating that the proposed operating entity and use is financially viable as well as delivery of evidence, satisfactory to CDC, that said proposed entity has adequate equity and financing letters of interest to complete and operate this component of the Project; 4. Developer's timely Submission and delivery to CDC of sufficient evidence for the proposed, commercial/retail and office development demonstrating that the proposed operating entity and use is financially viable as well as delivery of evidence, satisfactory to CDC, that said proposed entity has adequate equity and financing letters of interest to operate this aspect of the Project; 5. Developer's timely review of preliminary title report information prepared for the Site; 6. Developer's timely investigation of the Site. In conjunction therewith, and subject to the Developer receiving all prior governmental approvals and agreeing to all conditions of such approvals, including but not limited to approvals from the Air Quality Management District ("AQMD"), Developer and its consultants and agents shall have the right to enter upon the Site to conduct tests, studies, and investigations pursuant to an Early Entry Agreement, the form of which is attached hereto and incorporated herein as Exhibit 2. 7. Developer's timely submission of the Development Program to the CDC for review 4 and comment. B. DDA/Environmcntal Review/Entitlements Following Site Plan acceptance by the City of National City ("City") and the Board of Directors of the CDC ("CDC Board") and the close of the First Due Diligence Period, the CDC agrees to negotiate exclusively with the Developer for the remaining sixty (60) days of the Negotiation Period ("Second Due Diligence Period") to: 1. Negotiate and attempt to finalize the DDA; and 2. Prepare and process the environmental studies and land use entitlements necessary for development of the Project, including, without limitation, the amendment to the Specific Plan for the Site. If, at the close of the Negotiation Period, the Developer has not executed and submitted a DDA to the CDC, this Agreement shall automatically terminate. Notwithstanding the above, the CDC's Executive Director, in his or her sole and absolute discretion, may extend the Negotiation Period for up to an additional one hundred twenty (120) days to complete DDA negotiations, the environmental studies and the entitlements, if the CDC's Executive Director determines additional time is required. C. Execution of DDA Upon submittal of the executed DDA by the Developer to the CDC, and provided that all environmental and entitlement applications necessary for the Project have been accepted and processed by the City, the Negotiation Period shall be extended for an additional sixty (60) days ("Third Due Diligence Period") to enable the CDC and the City to: 1. Notice and conduct a pubic hearing pursuant to Section 33433 of the California Health and Safety Code on the DDA; and 5 2. Process Site development environmental and entitlement applications through the City's Planning Commission and City Council. The CDC agrees that during the Negotiation Period, the CDC shall not negotiate or enter into an agreement with any other person or entity regarding development of the Site. The obligation to negotiate in good faith requires the respective parties to communicate with each other with respect to those issues for which agreement has not been reached, and in such communication to follow reasonable negotiation procedures, including meetings, telephone conversations, and correspondence. The parties understand that final accord on all issues may not be reached. It is also understood that, (1) neither party is under any obligation to reach agreement on the DDA and (2) the CDC reserves the right to approve or reject a DDA the Project, or any disposition of the Site, as more particularly set forth in Part IV of this Agreement. D. CDC and Developer Obligations During the Negotiation Period the CDC and Developer obligations shall include, but not be limited to, the following: 1. CDC Obligations a. Provide the Developer with documents in the CDC's possession that would assist the Developer with the due diligence activities described in this Agreement; and b. Upon acceptance of the Development Program and verification of Developer financial commitments to both purchase and develop the Project, prepare a DDA. 2. Developer Obligations a. Use its hest efforts to investigate the Site; 6 h. Submit site plans, elevations, schematic drawings, detailed Project development costs, Project pro formas for individual product types as well as a pro forma summarizing the total Project and respective returns and other documents necessary for CDC and City review; c. Submit proof of lender funding or loan commitment(s) that demonstrate sufficient capital to fund both Site purchase and development of the Project; d. Submit proof of cash equity necessary to fund Site purchase and development costs not funded by commercial lender loans or partnership funds: and DEVELOPER DEPOSIT If the Developer submits an executed agreement with a Hotel Operator/Developer and submits a minimum purchase price for the Site, and the CDC accepts both, as described in Section II. A and B of this Agreement, then the Developer shall deposit with the CDC, Fifty Thousand Dollars (S50,000) ("Negotiation Deposit"), in the form of a cashier's or certified check, or wire transfer, payable to the CDC. The CDC agrees to hold the Negotiation Deposit in the CDC's account. Developer agrees that the CDC may use a portion of the Negotiation Deposit to reimburse itself for reasonable and actual attorneys' fees, consultant fees, appraisal fees, title reports, and any other related fees (excluding CDC staff costs), and costs ("DDA Negotiation Costs") incurred by the CDC in (i) negotiating and preparing this Agreement, (ii) reviewing any documents submitted in furtherance of this Agreement and/or Developer's proposal to develop the Project, (iii) any negotiations relating to the DDA and any related documents, and 7 (iv) drafting the DDA or any other related documents; provided, however, that the DDA Negotiation Costs shall not exceed Twenty -Five Thousand Dollars ($25,000). CDC shall submit to Developer invoices reasonably detailing DDA Negotiation Costs CDC has incurred at the time it submits a reimbursement notice to the Developer. CDC shall be free to withdraw funds from the Negotiation Deposit, as needed, provided that it has submitted such invoices to the Developer. The full $50,000 Negotiation Deposit, without deduction of the DDA Negotiation Costs, shall he refundable to Developer as a result of default by the CDC. The $50,000 Negotiation Deposit, less the DDA Negotiation Costs ("Balance of Negotiation Deposit"), shall be refundable to Developer in the event this Agreement is terminated prior to or at the conclusion of the Contract Period and prior to the execution of the DDA. In the event the DDA is fully executed and approved by all requisite action, the Balance of Negotiation Deposit shall be applied to the Developer's purchase price for the Site if the parties consummate the proposed transaction, and shall be retimdcd to Developer in the event the escrow pursuant to which the CDC will convey the Site to the Developer fails to close and the DDA is subsequently terminated. IV. RETENTION OF DISCRETION TO APPROVE THE PROJECT AND DDA; NO PRE-COM MITMENT It is anticipated that the Project and the DDA providing for its implementation will he presented to the CDC Board for approval. The parties understand that the CDC is reserving the right to exercise its discretion as to all matters which it is, by law, entitled or required to exercise its discretion, including, but not limited to the following: A. Approval by the CDC of the Final Project as Contained in the DDA The parties understand that the CDC has the complete and unfettered discretion to 8 reject the DDA without explanation or cause. The risk of loss of all processing, design and developmental costs incurred by the Developer prior to DDA approval and execution shall he absorbed entirely by Developer unless expressly assumed, by the terms of this Agreement, by the CDC. B. Review and Approval by the CDC of all Discretionary Findings and Conclusions The duty of the CDC to dispose of the parcels comprising the Site shall be conditioned upon the successful review and approval of all necessary findings and conclusions which the CDC Board is required to make, including all necessary findings and determinations required under CEQA, state and local land use provisions, and the California Community Redevelopment Law. As to any matter which the CDC may be required to exercise its unfettered discretion in advancing the Project to completion, nothing herein, nor to be contained in the DDA shall obligate the CDC to exercise its discretion in any particular manner, and any exercise of discretion reserved hereunder or required by law, shall not be deemed to constitute a breach of CDC duties under this Agreement. C. No Pre -Commitment by the CDC By its execution of this Agreement, the CDC is not committing itself or agreeing to undertake any activity requiring the subsequent exercise of discretion by the CDC, or any department thereof including, but not limited to, the approval and execution of a DDA; the proposal, amendment, or approval of any land use regulation governing the Site; the provision of financial assistance for the development of any public or private interest in real property; the authorization or obligation to use the CDC's eminent domain authority; or: any other such 9 activity. This Agreement does not constitute a disposition of property or exercise of control over property by the CDC and does not require a public hearing. CDC execution of this Agreement is merely an agreement to enter into a period of exclusive negotiations according to the terms hereof, reserving final discretion and approval by the CDC as to any proposed DDA and all proceedings and decisions in connection therewith. V. THE DEVELOPER A. Developer Experience As a condition precedent to the CDC' s execution of this Agreement, Developer shall have submitted to the CDC a detailed description of the development experience of the Developer and its principals, associates, employees, partners, and joint ventures. B. Offices of the Developer The principal offices of Developer are located at: MRW Group Inc. 2215 Guy Street San Diego, California 92103 The Project Manager for the Developer will be: Michael R. Weber Other prime developers, employees, consultants, or representatives who are proposed to be directly involved in the Project will he determined by Developer and submitted to the CDC upon any such determination. D. Full Disclosure The Developer shall maintain full disclosure to the CDC of its principals, officers, stockholders, partners, joint ventures, and all other pertinent information concerning the 10 Developer. E. Assignment The Developer without prior written approval of the CDC may not assign this Agreement. The CDC agrees that, notwithstanding the foregoing, the Developer may assign its rights under this Agreement to a corporation, trust, or partnership of which the Developer owns the majority beneficial interest and operational control. F. Progress Reports The Developer agrees to provide written reports advising the CDC on progress and/or problems with the proposed development every thirty (30) days during the term of the Agreement. VI. ENVIRONMENTAL REQUIREMENTS The Developer shall prepare all necessary environmental documents as required by the California Environmental Quality Act (public Resources Code Section 21,000 et. seq.) and local regulations, for certification by the City. The Developer agrees to cooperate with the City and the CDC, as requested, to help determine the environmental impact of the proposed development and to prepare any other additional documents as may be needed to complete environmental review for the development of the Project on the Site; provided, however, that the CDC and the City shall not incur costs or expenses in collection therewith nor will CDC or City reimburse the Developer for costs incun-ed related to preparing these materials. VII. REAL ESTATE COMMISSIONS The CDC has not engaged a broker, agent, or finder in connection with this transaction. As such, the CDC will not be responsible for any claims by a broker, agent or 11 finder, and the Developer agrees to defend, indemnify, and protect and hold the CDC harmless from any claim by any broker, agent, or finder retained by the Developer. VIII. GENERAL PROVISIONS A. Legal Actions 1. Institution of Legal Actions In addition to any other rights or remedies, either party may institute legal action to cure, correct or remedy any default, to recover actual damages for any default, or to obtain any other remedy consistent with the purposes of this Agreement; provided, however, that Paragraph C of this Part VIII shall supersede any conflicting provisions of this Paragraph Al. Such legal actions must be instituted and maintained in the Superior Court of the County of San Diego, State of California, or in any other appropriate court in that county. 2. Applicable Law The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 3. Acceptance of Service of Process In the event that any legal action is commenced by the Developer against the CDC, service of process on the CDC shall be made by personal service upon the Executive Director or Secretary of the CDC, or in such other manner as may be provided by law. In the event that any legal action is commenced by the CDC against the Developer, service of process on the Developer shall be made by personal service upon the Developer or in such other manner as may be provided by law, and shall be valid whether made within or without the State of California. B. Rights and Remedies are Cumulative 12 Except as otherwise expressly stated in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by either party of one or more of its rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. C. Specific Performance as Developer's Exclusive Remedy Subject to the Developer's right to terminate this Agreement in accordance with the terms of Paragraph E of this Part VIII, the Developer's exclusive remedy for an uncured CDC default under this Agreement is to institute an action for specific performance of the terms of this Agreement, and in no event shall the Developer have the right, and the Developer expressly waives the right, to seek monetary damages of any kind (including but not limited to actual damages, economic damages, consequential damages, or lost profits) from the CDC in the event of a default by the CDC under this Agreement or any action related to this Agreement. Notwithstanding the foregoing, the Developer shall retain the right to seek a writ of mandate in the event of any final denial by the CDC of any CDC permit approval pertaining to the Project. D. Attorney's Fees If either party to this Agreement is required to initiate or defend litigation in any way connected with this Agreement, the prevailing party in such litigation in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to its actual and reasonable attorney's fees. if tither party to this Agreement is required to initiate or defend litigation with a third party because of the violation of any terms or provision of this Agreement by the other party, then the party so litigating shall be entitled to its actual and reasonable attorney's fees from the other party to this Agreement. As used herein, the tern 13 "attorney's fees" shall include attorney's fees incurred related to the foregoing described litigation and for any appeal, and in addition a party entitled to attorney's fees shall be entitled to all other reasonable costs for investigating such action, retaining expert witnesses, taking depositions and discovery, and all other necessary costs incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. The parties hereto acknowledge and agree that each such party shall bear its own legal costs incurred in connection with the negotiation, approval, and execution of this Agreement. E. Termination Rights Notwithstanding the nominal Negotiation Period hereinabovc set forth, either party may terminate this Agreement if the other party has materially defaulted in its obligations herein set forth, and the terminating party has provided the defaulting party with written notification of such determination, and the defaulting party has refused to cure same. The written notification shall set forth the nature of the actions required to cure such default if curable. The defaulting party shall have thirty (30) days from the date of the written notification to cure such default. If such default is not cured within the thirty (30) days, the termination shall be deemed effective. For purposes of this paragraph, the parties hereby acknowledge that time is of the essence. Each party shall also have the right to terminate this Agreement in the event that (a) the CDC or the Developer determines that thc Project is infeasible, based on financial or environmental impact considerations, or not in the public interest; or (b) the parties reach an impasse in their negotiation of the DDA which cannot be resolved after good faith efforts. Upon termination, thc CDC shall return the Balance of Negotiation Deposit to the Developer. 14 F. Indemnity The Developer shall indemnify, protect defend and hold harmless the CDC and the City and the CDC's and the City's respective elected officials, officers, employees, representatives, members, and agents from and against any and all challenges to this Agreement, or any and all losses, liabilities, damages, claims or costs (including attorneys' fees) arising from Developer's negligent acts, errors, or omissions with respect to its obligations hereunder or the Site, excluding any such losses arising from the sole negligence or sole willful misconduct of the CDC or the conduct of third parties outside the control of the Developer. This indemnity obligation shall survive the termination of this Agreement. Notwithstanding the foregoing, in the event of a third party challenge to the validity of this Agreement, Developer shall have the option to terminate this Agreement in lieu of its indemnity obligation. G. Notices Demand and Communications Between the Parties Formal notices, demands, and communications between CDC and Developer shall he given either by (i) personal service, (ii) delivery by reputable document delivery service such as Federal Express that provides a receipt showing date and time of delivery, or (iii) or by mailing in the United States mail, certified mail, postage prepaid, return receipt requested, addressed to: To CDC: Community Development Commission 140 E. 12`h Street, Suite B National City, CA 91950 Attn: Paul Desrochers With copy to: Foley and Lardner 402 West Broadway, 23rd Floor San Diego, CA 92101-3542 Attn: Richard Moskitis, Esq. 15 To Developer: With copies to: MRW Group Inc. 2215 Guy Street San Diego, Ca 92103 Attn: Michael R. Weber Latino Builders Industry Assoc. 3911 Pacific Highway #214 San Diego, Ca 92110 Attn: Jose Mireles Notices personally delivered or delivered by document delivery service shall he deemed effective upon receipt. Notices mailed in the manner provided above shall be deemed effective on the second business day following deposit in the United States mail. Such written notices, demands, and communications shall be sent in the same manner to such other addresses as either party may from time to time designate by mail. H. Nonliahility of City and CDC Officials and Employees No member, official, employee, or contractor of the City or the CDC shall be personally liable to the Developer in the event of any default or breach by the CDC or for any amount, which may become due to the Developer or on any obligations under the terms of the Agreement. I. Enforced Delay; Extension of Times of Performance In addition to specific provisions of this Agreement, performance by either party hereunder shall not be deemed to be in default where delays or defaults are due to war, insurrection, strikes, lock -outs, riots, floods, earthquakes, fires, casualties, supernatural causes, acts of the public enemy, epidemics, quarantine restrictions, freight embargoes, lack of transportation, governmental restrictions or priority, litigation, unusually severe weather, inability to secure necessary labor, materials or tools, delays of any contractor, subcontractor or supplies, acts of the other party, acts or failure to act of the City or any other public or 16 governmental the CDC or entity, including, without limitation, unreasonable delays in the processing and issuance of required permits for the construction and/or re -construction of the Project by the Developer (except that any act or failure to act of the CDC shall not excuse performance by the CDC) or any other causes beyond the reasonable control or without the fault of the party claiming an extension of time to perform. Notwithstanding the foregoing, inability to secure satisfactory financing, tenant commitments, or market and economic conditions shall not entitle the Developer to an extension of time to perform. An extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty (30) days of knowledge of the commencement of the cause. In addition, times of performance under this Agreement may be extended by mutual written agreement by the CDC and the Developer. J. Interpretation The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. The Part and Paragraph headings are for purposes of convenience only, and shall not he construed to limit or extend the meaning of this Agreement. K. Entire Agreement, Waivers, and Amendments This Agreement integrates all of the terms and conditions mentioned herein, or incidental hereto, and supersedes all negotiations or previous agreements between the parties with respect to all or any part of the subject matter hereof. All waivers of the provisions of this Agreement must be in writing and signed by the appropriate authorities of the party to be 17 charged, and all amendments and modifications hereto must be in writing and signed by the appropriate authorities of CDC and Developer. L. Counterparts This Agreement may be executed in counterparts, each of which, after all the parties hereto have signed this Agreement, shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. M. Successors This Agreement shall be binding upon and shall inure to the benefit of the permitted successors of each of the parties hereto. N. Further Assurances The parties hereto each agree, without further consideration, to execute such other and further documents, and to perform such other and further acts, as may be necessary or proper in order to consummate the transaction set forth in and contemplated by this Agreement. O. Severability In the event any section or portion of this Agreement shall be held, found, or determined to be unenforceable or invalid for any reason whatsoever, the remaining provisions shall remain in effect, and the parties hereto shall take further actions as may be reasonably necessary and available to them to effectuate the intent of the parties as to all provisions set forth in this Agreement. P. Time is of the Essence Time is of the essence for each of the Developer's obligations under this Agreement. Q. Confidentiality The Developer acknowledges and agrees that the CDC is a public entity with a 18 responsibility and, in many cases, legal obligation to conduct its business in a manner open and available to the public. Accordingly, any infornation provided by the Developer to the CDC with respect to the Site, the Project or the Developer may be disclosed to the public either purposely, inadvertently, or as a result of a public demand or order. With respect to any information provided that the Developer reasonably deems and identifies in writing as proprietary and confidential in nature, the CDC agrees to exercise its hest efforts to keep such information confidential. (Signatures on next page) 19 IN WITNESS WIIEREOF, the CDC and the Developer have signed this Agreement on the respective dates set forth below. Community Development Commission Of the City of National City By: Nick inza, Chairman ATTES By: aul es crs, Secretary APPROVED AS TO FORM: By: n Dated: George Eiser, TIICDC Counsel MRW Group Inc. A Nevada Corporation Latino Build- s Industry Assoc. A non -pro Corporatieri� By: , Dated: 20 i. ,..--..-,.,,,,,..- .....,.. '• _. v. Exhibit 1 21 Exhibit 2 RIGHT OF ENTRY AGREEMENT THIS RIGHT OF ENTRY AGREEMENT ("Agreement") is made and entered into as of May 20, 2003 by and between the COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic (the "CDC"), and THE MRW GROUP INC., a Nevada corporation (the "Developer"), with respect to the following: RECITALS A. The CDC and the Developer have entered into an Exclusive Right to Negotiate Agreement, dated as of May 20, 2003, for the negotiation of a disposition and development agreement with respect to certain real property in the City of National City known as Assessor Parcel Nos. 559-160-03,09,11, 21 and 559-117-14, 15 (the "Property"). B. The Developer desires to perform certain predevelopment work consisting of certain tests, studies, and analyses necessary to evaluate the condition of the Property (the "Predevelopment Work"). C. The CDC wishes to accommodate the Developer's desire to commence the Predevelopment Work on the Property by granting a right of entry to Developer upon certain terms and conditions. NOW, THEREFORE, for good and valuable consideration, Developer and CDC do hereby agree as follows: 1. Right of Entry. Provided that all of the terms and conditions of this Agreement are fully satisfied, the CI)C hereby grants to Developer and its employees, agents and contractors the nonexclusive right to enter upon the Property to perform the Predevelopment Work, and for no other purposes without the prior written approval of the CDC's Executive Director or his designee. This Agreement shall automatically terminate and expire one hundred and twenty (120) days from the date of this Agreement. The term of this Agreement may be extended at the sole and absolute discretion of the CDC Executive Director or his designee for an additional period not to exceed thirty (30) days. It is expressly understood that this Agreement does not in any way whatsoever grant or convey any rights of possession, casement or other interest in the Property to the Developer. 2. Agreement. By execution of this Agreement, Developer agrees for itself and on the behalf of its employees, agents, consultants and contractors as follows: (a) That Developer will not permit any dangerous condition to be created on the Property. (b) That all acts and things done by Developer on the Property will be done in a careful and reasonable manner, in accordance with all federal, state and local laws. (c) That Developer enters the Property entirely at its own cost, risk and expense. 22 (d) That prior to the Developer's entry upon the Property and during the period of this Agreement, there shall be in effect and shall provide satisfactory evidence to the CDC of the following: a. Workers' compensation insurance as required by law; b. Commercial general liability insurance written on an occurrence basis, with a combined single limit of at least one Million Dollars ($1,000,000) consisting of both bodily injury and property damage coverage; and c. Automobile liability insurance, including liability for all owned, hired and non -owned vehicles, with minimum limits of One Million Dollars ($1,000,000) for bodily injury per person, One Million Dollars ($1,000,000) property damage and One Million Dollars ($1,000,000) combined single limit per occurrence. CDC of National City shall be named as an additional insured under the commercial general liability policy. (e) That Developer shall not permit any mechanics', material men's or other liens of any kind or nature ("Liens") to be filed or enforced against the Property in connection with the Prcdevelopment Work. Developer shall indemnify, defend and hold harmless CDC from all liability for any and all liens, claims and demands, together with costs of defense and reasonable attorneys' fees, arising from any Liens. CDC reserves the right, at its sole cost and expense, at any time and from time to time, to post and maintain on the Property, or any portion thereof, or on the improvements on the Property, any notices of non -responsibility or other notice as may be desirable to protect CDC against liability. In addition to, and not as a limitation of CDC's other rights and remedies under this Agreement, should the Developer fail, within ten (10) days of written request from CDC, either to discharge any Lien or to bond for any Lien, or to defend, indemnify, and hold harmless CDC from and against any loss, damage, injury, liability or claim arising out of a Lien, then CDC, at its option, may elect to pay such Lien, or settle or discharge such Lien and any action or judgment related thereto and all costs, expenses and attorneys' ices incurred in doing so shall be paid to CDC by the Developer upon written demand. (f) That Developer shall not have any interest in the Property or he entitled to any reimbursement or repayment for any work performed upon the Property pursuant to this Agreement. Developer shall, at the written request of the CDC, leave the Property in a condition that does not create an unreasonable risk of harm to the public. (g) The Developer shall take all necessary precautions to prevent the import and/or release into the environment of any hazardous materials, which are imported to, in, on or under the Property during the performance of the Predevelopment Work. if hazardous materials are imported onto the Property as a result of the performance of the Predevelopment Work, the Developer shall be solely responsible for removing such imported hazardous materials in conformance with all Governmental Requirements. The Developer shall report to the CDC, as soon as possible after each incident, any unusual or potentially important incidents with respect to the environmental condition of the Property. 3. indemnity. Developer hereby agrees to defend, indemnify and hold the CDC and its officers, officials, members, employees, agents and representatives, harmless from and against any and all loss, damage, injury, liability, claim, cost or expense (including, without limitation, reasonable attorneys' fees, expert witness fees, court costs, and expenses) arising from or attributable to the activities of Developer or 23 any of its employees, agents, consultants or contractors upon the Property pursuant to this Agreement. All use of and entry upon the Property shall be at the sole cost, risk and expense of the Developer. 4. Miscellaneous. (a) Choice of Law. This Agreement is to be governed hy, and construed in accordance with, the laws of the State of California. (b) Remedies. Either party shall, in addition to all other rights provided herein or as may be provided by law, be entitled to the remedies of specific performance and injunction to enforce its rights hereunder, except to the extent expressly provided to the contrary in this Agreement. All rights and remedies under this Agreement are cumulative and no one of them shall he exclusive of any other, and each party shall have the right to pursue any one or all of such rights and remedies or any other remedy which may be provided by law, whether or not stated in this Agreement, except to the extent expressly provided to the contrary in this Agreement. (c) Counterparts. This Agrccment may be executed in two (2) or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. (d) Non -Liability of Public Officials. No officer, employee, member, agent or representative of the CDC shall be personally liable to Developer, or any successor in interest, in the event of any default or breach by the CDC, or for any amount which may become due to Developer or its successor, or for any breach of any obligation of the terms of this Agreement. IN WITNESS WIIEREOF, the parties hereto have entered into this Agreement as of the date first set forth above. CDC: COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic By: DEVELOPER: MRW GROUP INC, a Nevada co oration Its: Presi By: 24